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HD

Home Depot

$193.61

2.51 (1.31%)

, LOW

Lowe's

$105.97

1.31 (1.25%)

09:21
10/17/18
10/17
09:21
10/17/18
09:21

Home Depot, Lowe's downgraded to Neutral at Credit Suisse

As previously reported, Credit Suisse analyst Seth Sigman downgraded Home Depot (HD) and Lowe's (LOW), both to Neutral from Outperform, citing his concern that their recent results and stock prices have disconnected from housing. While he sees good reasons for that, Sigman thinks it's difficult to assume that continues, he tells investors. He continues to view Home Depot as best-in-class in retail, but struggle to find multiple upside from its current premium level as housing sentiment shifts and some uncertainty arises, said Sigman, who cut his price target on the stock to $204 from $222. While he continues to expect meaningful improvement in sales and operating profit at Lowe's under new CEO Marvin Ellison, Sigman thinks consensus estimates are baking that in. He lowered his price target on Lowe's shares to $111 from $115.

HD

Home Depot

$193.61

2.51 (1.31%)

LOW

Lowe's

$105.97

1.31 (1.25%)

  • 28

    Oct

HD Home Depot
$193.61

2.51 (1.31%)

09/28/18
09/28/18
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. CITI CUTS TESLA TO SELL: Citi analyst Itay Michaeli downgraded Tesla (TSLA) to Sell from Neutral and lowered his price target for the shares to $225 from $356. The analyst is making a "risk/reward call" into the outcome of the SEC lawsuit against CEO Elon Musk. In a scenario where the suit leads to Musk's exit, the analyst says there is "little question" that the departure would likely cause harm to Tesla's brand, stakeholder confidence and fundraising. This would increase the risk of triggering a "downward confidence spiral" given the state of Tesla's balance sheet, Michaeli said. Even if Musk were to stay on after settling or prevailing, the analyst believes the "reputational harm" from the suit "might still prevent the stock from immediately returning to 'normal.'" SUNTRUST UPGRADES LOWE'S TO BUY: SunTrust analyst Keith Hughes upgraded Lowe's (LOW) to Buy from Hold and raised his price target to $138 from $110. The analyst cites the company's latest Q2 earnings and the analyst meeting with its management suggesting an "internally focused" turnaround progressing at a "consistent pace" over the next 2-3 years. Hughes adds that even though the stock has recently turned higher, it could rise as much as 50% if the company could reclaim just half of the SG&A difference with Home Depot (HD). STIFEL STARTS ZYNGA WITH A BUY: Stifel analyst Drew Crum initiated Zynga (ZNGA) with a Buy rating and a price target of $5. The analyst cites the "favorable industry for mobile gaming", with annualized mobile gaming revenue expected to increase by 17%. Crum also cites his expectations of greater visibility on its game pipeline and further opportunities to improve adjusted EBITDA. WELLS DOWNGRADES CONTAINERSHIP NAMES: Wells Fargo analyst Michael Webber downgraded the Box Lessor and Containership group saying headwinds from both the International Maritime Organization 2020 fuel regulations and the impact of tariffs have created "significant downside risks" for the stocks. He downgraded Triton International (TRTN), CAI International (CAI) and Costamare (CMRE), all to Market Perform from Outperform, and cut Seaspan (SSW) and Textainer (TGH) to Underperform from Market Perform. He kept a Market Perform rating on Matson (MATX) with an unchanged price target of $35. EVERCORE BOOSTS NVIDIA PRICE TARGET: Evercore ISI analyst C.J. Muse said he believes investors are now more appreciative of Nvidia's (NVDA) opportunity in creating the AI industry standard and the company's "positive feedback loop" within deep learning. Longer-term, he sees tremendous growth opportunities led by the new Turing architecture, which further entrenches Nvidia's high-end gaming moat and presents a "meaningful" opportunity in Inference, Muse said. The analyst, who sees Nvidia being poised to grow EPS at a 30-35% CAGR through 2020 and beyond, raised his price target on the stock to $400 from $300 and kept an Outperform rating on the shares.
10/02/18
BOFA
10/02/18
NO CHANGE
Target $132
BOFA
Buy
Lowe's added to the top investment ideas 'US1 List' at BofA/Merrill
BofA/Merrill analyst Elizabeth Suzuki kept her Buy rating and $132 price target on Lowe's (LOW) but added the stock to her top investment ideas "US1 List". The analyst believes that the opportunity to improve the company's comps and operating margins closer to those of top rival Home Depot (HD) has "just arrived" and that its earnings growth could double that of Home Depot as the new management works to improve sales productivity. Suzuki adds that expectations of a peak in existing home sales does not coincide with home improvement activity - rather the Private Fixed Residential Investment where home improvement is a key component peaks about 4 years later.
10/15/18
WEDB
10/15/18
NO CHANGE
Target $115
WEDB
Neutral
Lowe's price target raised to $115 from $105 at Wedbush
Wedbush analyst Seth Basham raised his price target for Lowe's (LOW) to $115 from $105 as he expects near-term progress on key initiatives to add confidence to the story, while the roadmap to much higher earnings power should come at the company's December 12 Analyst and Investor Conference. While execution risk should not be minimized in improving large retail organizations, CEO Marvin Ellison's success in turning around retail fundamentals at Home Depot (HD) bolsters the likelihood that he can execute a very similar plan at Lowe's, with material top- and bottom-line growth despite this period of investment and change, along with strong competition from Home Depot and Amazon (AMZN), he contends. Basham reiterates a Neutral rating on Lowe's shares.
10/17/18
FBCO
10/17/18
DOWNGRADE
FBCO
Neutral
Home Depot downgraded to Neutral from Outperform at Credit Suisse
LOW Lowe's
$105.97

1.31 (1.25%)

10/02/18
BOFA
10/02/18
NO CHANGE
BOFA
Lowe's, Tapestry added to US 1 List at BofA/Merrill
10/17/18
FBCO
10/17/18
DOWNGRADE
FBCO
Neutral
Lowe's downgraded to Neutral from Outperform at Credit Suisse

TODAY'S FREE FLY STORIES

FII

Federated Investors

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ATEN

A10 Networks

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Briggs & Stratton

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-2.785 (-20.47%)

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ENVA

Enova International

$29.65

3.12 (11.76%)

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Enova International rises 11.1% »

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PRO

Pros Holdings

$51.24

6.185 (13.73%)

10:00
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Hot Stocks
Pros Holdings rises 14.1% »

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SAH

Sonic Automotive

$19.80

1.97 (11.05%)

10:00
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10:00
Hot Stocks
Sonic Automotive rises 11.6% »

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WMT

Walmart

$101.02

-2.5 (-2.42%)

, TGT

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-4.17 (-5.10%)

09:57
04/26/19
04/26
09:57
04/26/19
09:57
Hot Stocks
Walmart, Target slip as Amazon invests in one-day shipping for Prime members »

Shares of Walmart (WMT)…

WMT

Walmart

$101.02

-2.5 (-2.42%)

TGT

Target

$77.57

-4.17 (-5.10%)

AMZN

Amazon.com

$1,913.34

10.81 (0.57%)

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MAT

Mattel

$13.25

0.95 (7.72%)

, F

Ford

$10.17

0.76 (8.08%)

09:55
04/26/19
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09:55
Options
Early notable gainers among liquid option names on April 26th »

Notable gainers among…

MAT

Mattel

$13.25

0.95 (7.72%)

F

Ford

$10.17

0.76 (8.08%)

VRSN

VeriSign

$198.28

9.04 (4.78%)

EQT

EQT Corporation

$20.85

0.685 (3.40%)

COF

Capital One

$91.94

3.85 (4.37%)

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09:50
04/26/19
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09:50
General news
U. Michigan sentiment preview: »

U. Michigan sentiment…

RL

Ralph Lauren

$130.62

0.885 (0.68%)

09:48
04/26/19
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09:48
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09:48
Upgrade
Ralph Lauren rating change  »

Follow-up: Ralph Lauren…

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HSY

Hershey

$122.70

0.27 (0.22%)

09:48
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09:48
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Hershey analyst commentary  »

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USD

VeriSign Inc

$50.70

(0.00%)

09:47
04/26/19
04/26
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09:47
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VeriSign Inc falls -6.9% »

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FTV

Fortive

$80.98

-6.78 (-7.73%)

09:47
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Fortive falls -7.8% »

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ATEN

A10 Networks

$6.31

-0.97 (-13.32%)

09:47
04/26/19
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09:47
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A10 Networks falls -13.6% »

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PRO

Pros Holdings

$45.06

(0.00%)

09:47
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Pros Holdings rises 9.3% »

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ENVA

Enova International

$30.38

3.85 (14.51%)

09:47
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Enova International rises 14.4% »

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GRUB

GrubHub

$76.84

7.01 (10.04%)

09:47
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SPY

SPDR S&P 500 ETF Trust

$292.02

-0.1 (-0.03%)

, SPX

S&P 500

$0.00

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Kudlow says trade deal with China 'is not done' »

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SPDR S&P 500 ETF Trust

$292.02

-0.1 (-0.03%)

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S&P 500

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09:45
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General news
Consumer Sentiment Index to be reported at 10:00 »

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SBUX

Starbucks

$77.07

(0.00%)

09:41
04/26/19
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BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

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09:40
On The Fly
The Intersection: Crypto and Wall Street This Week »

As bitcoin, ethereum and…

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Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

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SSNLF

Samsung

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

JPM

JPMorgan

$113.62

(0.00%)

AMD

AMD

$27.66

(0.00%)

NVDA

Nvidia

$186.84

(0.00%)

OSTK

Overstock.com

$13.13

(0.00%)

DPW

DPW Holdings

$0.22

(0.00%)

KODK

Kodak

$2.38

(0.00%)

IDEX

Ideanomics

$1.84

(0.00%)

RIOT

Riot Blockchain

$5.90

(0.00%)

TEUM

Pareteum

$3.90

(0.00%)

SRAX

Social Reality

$4.80

(0.00%)

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F

Ford

$9.41

(0.00%)

, JNPR

Juniper

$28.12

(0.00%)

09:40
04/26/19
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09:40
Options
Unusually active option classes on open April 26th »

Unusual total active…

F

Ford

$9.41

(0.00%)

JNPR

Juniper

$28.12

(0.00%)

WMT

Walmart

$103.52

(0.00%)

INTC

Intel

$57.59

(0.00%)

GRUB

GrubHub

$69.83

(0.00%)

AMZN

Amazon.com

$1,902.53

(0.00%)

MRVL

Marvell

$25.42

(0.00%)

XOM

Exxon Mobil

$82.25

(0.00%)

KR

Kroger

$25.77

(0.00%)

WDC

Western Digital

$52.95

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09:40
04/26/19
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09:40
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09:40
General news
Fed Policy Outlook: analysts continue to take issue with the market's dovish bet »

Fed Policy Outlook:…

AAPL

Apple

$205.28

-1.82 (-0.88%)

09:39
04/26/19
04/26
09:39
04/26/19
09:39
Recommendations
Apple analyst commentary at OTR Global »

Apple incentives not much…

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HIBB

Hibbett Sports

$20.53

0.13 (0.64%)

, TSCO

Tractor Supply

$105.09

1 (0.96%)

09:37
04/26/19
04/26
09:37
04/26/19
09:37
Hot Stocks
Hibbett Sports names Christine Skold as Interim CFO, effective April 26 »

Hibbett Sports (HIBB)…

HIBB

Hibbett Sports

$20.53

0.13 (0.64%)

TSCO

Tractor Supply

$105.09

1 (0.96%)

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