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CVIA

Covia

$7.58

0.18 (2.43%)

05:39
10/17/18
10/17
05:39
10/17/18
05:39

Covia downgraded to Hold from Buy at Jefferies

Jefferies analyst Bradley Handler downgraded Covia Holdings to Hold and lowered his price target for the shares to $8 from $15.

CVIA Covia
$7.58

0.18 (2.43%)

10/03/18
10/03/18
DOWNGRADE

Underperform
Covia downgraded to Underperform at Credit Suisse
As previously reported, Credit Suisse analyst Jim Wicklund downgraded Covia to Underperform from Neutral. The analyst notes that the weakness that has rippled through the frack sand subsector since August came sooner than he expected. The ferocity of price competition, based on commentary from the sand companies in addition to their OFS and E&P customers, is also greater than he had expected, he adds.
10/03/18
10/03/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. HSBC CUTS NIKE TO HOLD: HSBC analyst Erwan Rambourg downgraded Nike (NKE) to Hold from Buy and kept his $92 price target on shares. The analyst noted that while the company's Q1 results were strong and the outlook "remains rock solid", the company's valuation multiple of 30-times forward earnings may weigh on the stock. EVERCORE CUTS ORACLE TO IN LINE: Evercore ISI analyst Kirk Materne downgraded Oracle (ORCL) to In Line from Outperform with a price target of $53 to reflect the update of his model into FY20. The analyst noted that even though growth is expected to accelerate modestly in the second half of this year, there are not enough catalysts for share to "meaningfully re-rate" from current levels, adding that the risk-reward appears balanced following this summer's rally. CIGNA BOOSTED TO CONVICTION BUY AT GOLDMAN: Goldman Sachs analyst Stephen Tanal added Buy-rated Cigna (CI) to his firm's Conviction List and raised his price target for the shares to $250 from $227. After revisiting the company's fundamental story, the analyst continues to believe Cigna is well positioned to take share of the U.S. commercial market. He believes fundamentals support a higher standalone multiple. CREDIT SUISSE DOWNGRADES HI-CRUSH, COVIA: Credit Suisse analyst Jim Wicklund downgraded Hi-Crush Partners (HCLP) to Neutral from Outperform and Covia (CVIA) to Underperform from Neutral. The analyst noted that the weakness that has rippled through the frack sand subsector since August came sooner than he expected. The ferocity of price competition, based on commentary from the sand companies in addition to their OFS and E&P customers, is also greater than he had expected, he added. In late morning trading, Hi-Crush was down almost 2%, while Covia was down just over 4%. GOLDMAN RAISES ALIBABA'S PRICE TARGET: Goldman Sachs analyst Piyush Mubayi reiterated a Buy rating on Alibaba (BABA) and raised his price target to $247 from $241. The analyst predicts strong growth in the cloud computing and financial businesses for the company, and expects Alibaba to continue to invest for future growth on "multiple fronts," including retailing, digital advertising and entertainment, which he believes will be a total addressable market of about RMB80T by the end of 2020.
10/11/18
MSCO
10/11/18
DOWNGRADE
MSCO
Underweight
Covia downgraded to Underweight from Equal Weight at Morgan Stanley
10/11/18
10/11/18
DOWNGRADE

Underweight
U.S. Silica, Covia downgraded to Underweight at Morgan Stanley
As previously reported, Morgan Stanley analyst Connor Lynagh downgraded Covia (CVIA) and U.S. Silica (SLCA), both to Underweight from Equal Weight, as he remains constructive on the Oil Services industry on a 12- to 18-month view, but agrees with widespread concerns that near-term estimates remain too high. He is most concerned about the sand market, which is deteriorating faster than he expected, Lynagh tells investors. Given the industry's supply/demand set-up, Lynagh sees it as hard to believe investors will bet on a rebound, he added. The analyst cut his price target on Covia shares to $9 from $11 and lowered his target for U.S. Silica to $18 from $25.

TODAY'S FREE FLY STORIES

SR

Spire

$76.03

-0.36 (-0.47%)

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BGNE

BeiGene

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SR

Spire

$76.03

-0.36 (-0.47%)

07:09
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Spire reports Q4 EPS (52c), consensus (59c) »

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JPM

JPMorgan

$107.36

-2.23 (-2.03%)

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WMT

Walmart

$101.58

-1.37 (-1.33%)

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Walmart raises FY19 Walmart U.S. comp sales tp up at least 3% »

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  • 15

    Nov

MDR

McDermott

$7.89

0.28 (3.68%)

, BHGE

Baker Hughes

$22.97

-0.65 (-2.75%)

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McDermott awarded engineering services contract by Talos Energy for Zama field »

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MDR

McDermott

$7.89

0.28 (3.68%)

BHGE

Baker Hughes

$22.97

-0.65 (-2.75%)

TALO

Talos Energy

$21.56

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DVMT

Dell Technologies

$105.75

4.13 (4.06%)

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  • 11

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BRC

Brady

$41.93

-0.27 (-0.64%)

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Breaking Earnings news story on Brady »

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  • 15

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ABBV

AbbVie

$88.28

0.06 (0.07%)

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AbbVie partner Alector initiates Phase 1 trial of AL002 »

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WMT

Walmart

$101.58

-1.37 (-1.33%)

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Walmart CEO says accelerating innovation, utlizing technology »

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  • 15

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MNGA

Magnegas

$0.32

-0.1131 (-26.30%)

07:05
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Magnegas analyst commentary  »

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  • 04

    Dec

DVMT

Dell Technologies

$105.75

4.13 (4.06%)

, VMW

VMware

$152.41

1.86 (1.24%)

07:05
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Dell Technologies increases 'final' offer for Class V shares to $120 per share »

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DVMT

Dell Technologies

$105.75

4.13 (4.06%)

VMW

VMware

$152.41

1.86 (1.24%)

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BPMC

Blueprint Medicines

$56.38

-3.89 (-6.45%)

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WMT

Walmart

$101.58

-1.37 (-1.33%)

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Earnings
Walmart raises FY19 adjusted EPS view to $4.75-$4.85 from $4.65-$4.80 

Consensus is $4.79.

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  • 15

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FX Update: The Dollar lifted out of lows while the Pound dove sharply »

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BRC

Brady

$41.93

-0.27 (-0.64%)

07:04
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Earnings
Brady reports Q1 EPS 58c vs. 49c last year »

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ARNA

Arena Pharmaceuticals

$32.40

-1.25 (-3.71%)

, UTHR

United Therapeutics

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ARNA

Arena Pharmaceuticals

$32.40

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UTHR

United Therapeutics

$110.95

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WMT

Walmart

$101.58

-1.37 (-1.33%)

07:04
11/15/18
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Earnings
Walmart reports Q3 adj. EPS $1.08, consensus $1.01 »

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  • 15

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AVEO

Aveo Pharmaceuticals

$1.90

0.045 (2.43%)

07:04
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Aveo Oncology announces $2M milestone payment from EUSA Pharma »

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  • 27

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DVMT

Dell Technologies

$105.75

4.13 (4.06%)

07:03
11/15/18
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07:03
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Hot Stocks
Breaking Hot Stocks news story on Dell Technologies »

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  • 11

    Dec

DVMT

Dell Technologies

$105.75

4.13 (4.06%)

07:02
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Hot Stocks
Breaking Hot Stocks news story on Dell Technologies »

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  • 11

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CSCO

Cisco

$44.35

-0.78 (-1.73%)

07:02
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Cisco analyst commentary  »

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  • 26

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ENR

Energizer

$55.95

-2.13 (-3.67%)

07:00
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Earnings
Energizer sees FY19 adj. EPS $3.40-$3.50, consensus $3.36 »

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  • 15

    Nov

07:00
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General news
Oil Action: Front-month WTI crude prices are down 0.1% »

Oil Action: Front-month…

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