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PG

Procter & Gamble

$80.31

-0.8628 (-1.06%)

, HON

Honeywell

$155.22

-2.73 (-1.73%)

20:25
10/18/18
10/18
20:25
10/18/18
20:25

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include Procter & Gamble (PG), consensus $1.09... Honeywell (HON), consensus $1.99... Schlumberger (SLB), consensus 46c... V.F. Corp (VFC), consensus $1.33... State Street (STT), consensus $1.89... SunTrust Banks (STI), consensus $1.39... Synchrony Financial (SYF), consensus 80c... Citizens Financial (CFG), consensus 90c... Kansas City Southern (KSU), consensus $1.57... Interpublic Group (IPG), consensus 46c... Euronet Worldwide (EEFT), consensus $2.10... ManpowerGroup (MAN), consensus $2.40... Gentex (GNTX), consensus 42c... Cleveland-Cliffs (CLF), consensus 66c.

PG

Procter & Gamble

$80.31

-0.8628 (-1.06%)

HON

Honeywell

$155.22

-2.73 (-1.73%)

SLB

Schlumberger

$58.43

-0.81 (-1.37%)

VFC

VF Corp.

$87.07

-2.22 (-2.49%)

STT

State Street

$79.62

-2.5 (-3.04%)

STI

SunTrust

$61.46

-0.94 (-1.51%)

SYF

Synchrony

$29.63

-0.45 (-1.50%)

CFG

Citizens Financial

$34.92

-0.96 (-2.68%)

KSU

Kansas City Southern

$102.68

-1.31 (-1.26%)

IPG

Interpublic Group

$22.48

0.28 (1.26%)

EEFT

Euronet

$112.64

-2.96 (-2.56%)

MAN

Manpower

$78.38

-1.09 (-1.37%)

GNTX

Gentex

$18.62

-0.32 (-1.69%)

CLF

Cleveland-Cliffs

$11.47

-0.37 (-3.13%)

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PG Procter & Gamble
$80.31

-0.8628 (-1.06%)

09/20/18
ATLE
09/20/18
INITIATION
Target $94
ATLE
Overweight
Procter & Gamble initiated with an Overweight at Atlantic Equities
Atlantic Equities analyst Edward Lewis initiated Procter & Gamble with an Overweight rating and $94 price target, as he believes positive change throughout the organization should improve organic growth, which is not yet reflected in the current valuation.
08/16/18
JPMS
08/16/18
UPGRADE
Target $114
JPMS
Neutral
Kimberly-Clark upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Andrea Teixeira upgraded shares of Kimberly-Clark (KMB) to Neutral from Underweight and raised her price target to $114 from $90 following yesterday's announcement that the company will increase prices or reduce package counts on key products in North America. The analyst notes that while it remains to be seen if the price increases will "actually hold" given the intensely competitive U.S. market, she believes investors will give Kimberly-Clark shares the benefit of the doubt. Additionally, she tells investors that Procter & Gamble's (PG) commentary that it plans to raise prices on some of its premium paper products and diapers is "supportive" of Kimberly-Clark's ability to pass on higher prices.
07/19/18
07/19/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Underperform from Hold at Needham with analyst Rajvindra Gill saying the stock remains overvalued in spite of its 16% decline from the the June 2017 peak. 2. Procter & Gamble (PG) downgraded to Neutral from Buy at UBS with analyst Steven Strycula saying the company's reinvestment cycle limits earnings and stock upside. 3. Terex (TEX) downgraded to Market Perform from Outperform at Wells Fargo with analyst Andrew Casey saying his crane check was good but not great, with demand appearing to sequentially flatten. 4. Spark Therapeutics (ONCE) downgraded to Sector Perform from Outperform at RBC Capital with analyst Kennen MacKay saying that after a strong run-up in the stock price driven by lofty expectations for the ongoing Phase 1/2 trial of SPK-8011 in patients with hemophilia, achieving mean FVIII expression levels of 30-55% anticipated by the Street could prove "challenging" as "data to date has not indicated clear dose responsiveness." 5. Hyatt (H) downgraded to Hold from Buy at Berenberg with analyst El Kassir saying Hyatt continues to benchmark well on its pipeline, however, there is little scope for future growth to accelerate from current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/01/18
RHCO
08/01/18
NO CHANGE
Target $80
RHCO
Hold
Procter & Gamble price target raised to $80 from $75 at SunTrust
SunTrust analyst William Chappell raised his price target on Procter & Gamble to $80 after its Q4 earnings and initial FY19 guidance, rolling out the projections of his model into FY20. The analyst says he is confident in the company's ability to execute its planned price increase, but remains uncertain over how much promotional expense will be required for it to preserve its market share accompanying the increase. Given the lack of visibility around Procter & Gamble's organic growth rate, Chappell keeps his Hold rating on the stock.
HON Honeywell
$155.22

-2.73 (-1.73%)

10/12/18
FBCO
10/12/18
INITIATION
Target $170
FBCO
Neutral
Honeywell initiated with a Neutral at Credit Suisse
Credit Suisse analyst John Walsh initiated Honeywell with a Neutral rating and $170 price target, telling investors in a research note that he sees "multiple levers" for margin expansion, though the gross margin is still well below peers. Looking ahead, Walsh sees sustained mid-single digit organic growth driven by long-cycle businesses, and expects margin to expand driven by manufacturing and logistics footprint consolidation and connected solutions.
10/02/18
HSBC
10/02/18
DOWNGRADE
HSBC
Hold
Honeywell downgraded to Hold from Buy at HSBC
10/12/18
FBCO
10/12/18
INITIATION
FBCO
Outperform
EE, MI Sector initiated with Opportunistic View at Credit Suisse
Credit Suisse analyst John Walsh initiated the U.S. Electrical Equipment and Multi-Industry Sector with an Opportunistic View, telling investors in a research note that he believes at this point in the cycle stock appreciation will be driven by earnings growth and capital allocation. He is most positive on energy-related and non-residential end markets while cautious on Fossil Power markets. Specifically, Walsh initiated Allegion (ALLE), Eaton (ETN), Ingersoll-Rand (IR), Lennox (LII), 3M (MMM) and Xylem (XYL) with Outperform ratings, Acuity Brands (AYI), Emerson (EMR), Flowserve (FLS), Fortiv (FTV), GE (GE), Honeywell (HON) and Johnson Controls (JCI) with Neutral ratings and Rockwell Automation (ROK) with an Underperform rating.
10/12/18
GDHS
10/12/18
INITIATION
Target $175
GDHS
Buy
Honeywell initiated with a Buy at Gordon Haskett
Gordon Haskett analyst John Inch started Honeywell with a Buy rating and $175 price target.
SLB Schlumberger
$58.43

-0.81 (-1.37%)

10/10/18
WOLF
10/10/18
INITIATION
Target $68
WOLF
Peer Perform
Schlumberger initiated with a Peer Perform at Wolfe Research
Wolfe Research initiated Schlumberger with a Peer Perform and $68 price target.
10/17/18
BOFA
10/17/18
INITIATION
Target $73
BOFA
Buy
Schlumberger initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Chase Mulvehill initiated Schlumberger with a Buy rating and a price target of $73.
10/17/18
BOFA
10/17/18
NO CHANGE
BOFA
BofA/Merrill reinstating Oilfield Services coverage with Halliburton as top pick
BofA analyst Chase Mulvehill reinstated coverage of U.S. onshore and diversified oilfield service, or OFS, saying he has a bullish near-to-medium term view on the sector. The analyst notes that OFS should outperform thanks to rising oil prices that should lead to "solid" cash flows across the sector. Mulvehill further anticipates investment to increase across the industry, with North America land E&P spending surprising to the upside and U.S. onshore D&C spending rising nearly 20%. The analyst also sees "Permian pipeline relief" adding to the benefits with exposure to the basin. Mulvehill's Top Pick is Halliburton (HAL), and his other Buy-rated names include Baker Hughes (BHGE), C&J Energy Services (CJ), FTS International (FTSI), Keane Group (FRAC), Nabors Industries (NBR), Nine Energy Service (NINE), Patterson-UTI Energy (PTEN), ProPetro Holdings Corp (PUMP), and Schlumberger (SLB).
10/12/18
SPHN
10/12/18
INITIATION
Target $65
SPHN
Equal Weight
Schlumberger initiated with an Equal Weight at Stephens
Stephens analyst Tommy Moll initiated Schlumberger with an Equal Weight rating and $65 price target, stating that while he anticipates revenue growth both internationally and in North America in 2019, overly optimistic international expectations and the potential drag from North America on profitability put 2019 earnings at risk.
VFC VF Corp.
$87.07

-2.22 (-2.49%)

10/16/18
10/16/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Abbott (ABT), Boston Scientific (BSX), Stryker (SYK), and Medtronic (MDT) were initiated with an Overweight at Barclays, while Baxter (BAX), Edwards Lifesciences (EW), and Zimmer Biomet (ZBH) were initiated with an Underweight. 2. Expedia (EXPE) was initiated with an Outperform at Evercore ISI, while TripAdvisor (TRIP) was initiated with an In Line, and Booking Holdings (BKNG) was initiated with an In Line. 3. Facebook (FB) was initiated with a Buy at Loop Capital and Rosenblatt. 4. Snap (SNAP) initiated with a Hold at Loop Capital. 5. VF Corp. (VFC) initiated with a Neutral at Wedbush. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/16/18
10/16/18
INITIATION
Target $94

Neutral
VF Corp. initiated with a Neutral on 'fair valuation' at Wedbush
As previously reported, Wedbush analyst Christopher Svezia started VF Corp. with a Neutral rating and $94 price target. The analyst notes that upside to sales and gross margin is likely yet expected by investors with consensus above guidance while his sum-of-the-parts analysis also generates a $94 share price. For Q2 results being reported on Friday, the company should post "strong" results and likely raise its outlook on the year given momentum at Vans and favorable drivers of gross margin, he contends, adding that given the recent weakness in the stock and broader market, it could generate a near-term positive response in shares.
10/15/18
WEDB
10/15/18
INITIATION
WEDB
Neutral
VF Corp. initiated with a Neutral at Wedbush
09/14/18
09/14/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Corning (GLW) upgraded to Buy from Neutral at Citi with analyst Asiya Merchant saying the shares are "poised to continue to grind higher" in the next 12-18 months as investors appreciate the company's "multiple vectors" for revenue growth, diversification and margin expansion. 2. Coca-Cola European Partners (CCE) was upgraded to Outperform at Wells Fargo and to Neutral from Negative at Susquehanna. 3. VF Corp. (VFC) upgraded to Outperform from Market Perform at Cowen with analyst John Kernan saying VF's disclosure of a 23% operating margin for Vans implies that the brand alone could generate $1B-plus in free cash flow by fiscal 2022. 4. Helmerich & Payne (HP) upgraded to Neutral from Underweight at JPMorgan with analyst Sean Meakim saying Helmerich exceeded his expectations in adapting to the upgrade cycle. 5. Parker-Hannifin (PH) upgraded to Buy from Neutral at Buckingham. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
STT State Street
$79.62

-2.5 (-3.04%)

09/10/18
MSCO
09/10/18
UPGRADE
MSCO
Overweight
State Street upgraded to Overweight from Equal Weight at Morgan Stanley
10/11/18
GSCO
10/11/18
INITIATION
Target $105
GSCO
Buy
State Street initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Alexander Blostein reinstated State Street with a Buy and $105 price target saying CRD acquisition risks are reflected in valuation, but earnings upside is not.
09/04/18
MSCO
09/04/18
UPGRADE
Target $115
MSCO
Overweight
State Street upgraded to Overweight, named a Top Pick at Morgan Stanley
As previously reported, Morgan Stanley analyst Betsy Graseck upgraded State Street to Overweight from Equal Weight and called the stock a Top Pick, stating that no other large cap bank stock she follows is priced for the fear of a recession the way State Street is. She contends that the market is pricing in too negative a scenario regarding its Charles River Development acquisition and thinks State Street only needs to convert 10-15 of its 87 large asset manager clients over to hit its Charles River revenue synergies target, which she say is "not a high bar." Graseck, who thinks it is wise to own trust banks in pre-recession quarters given their historical outperformance in these periods, raised her price target on State Street shares to $115 from $109.
09/25/18
WOLF
09/25/18
INITIATION
Target $97
WOLF
Peer Perform
State Street initiated with a Peer Perform at Wolfe Research
Wolfe Research analyst Steven Chubak initiated State Street with a Peer Perform and $97 price target.
STI SunTrust
$61.46

-0.94 (-1.51%)

09/26/18
GSCO
09/26/18
UPGRADE
Target $196
GSCO
Buy
Goldman says rate hikes halfway through, upgrades M&T Bank to Buy
Goldman Sachs analyst Ryan Nash says his firm's economist is calling for six more rate hikes, two in the second half of 2018 and four more through the end of 2020. With six rate hikes in the books, Goldman believes we are half way through the rate rising cycle, Nash tells investors in a research note. The analyst believes some banks will see upside to revenue growth from rates moving higher. Comerica (CMA), Regions Financial (RF), SunTrust (STI), Citizens Financial (CFG) and KeyCorp (KEY) remain top picks for Nash. He also upgraded M&T Bank (MTB) to Buy from Neutral with 15% upside to his $196 price target. The analyst believes M&T will outperform as the benefits of higher rates exceed market expectations.
07/25/18
ARGS
07/25/18
NO CHANGE
Target $81
ARGS
Buy
SunTrust price target raised to $81 from $75 at Argus
Argus analyst Stephen Biggar raised his price target on SunTrust to $81 and kept his Buy rating after its better than expected Q2 results. The analyst cites net interest margin expansion and a sharply lower provision for loan losses in the quarter because of the bank's "strong credit quality". Biggar is also positive on the latest Federal Reserve CCAR decision on its capital, leading to a 25% increase in the bank's dividend and a $2B stock repurchase, which is up 52% from prior year. The analyst notes that SunTrust's modest premium is justified by its strong regional banking presence and balance sheet positioning for higher interest rates.
09/13/18
PIPR
09/13/18
DOWNGRADE
Target $74
PIPR
Neutral
SunTrust downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Kevin Barker downgraded SunTrust Banks to Neutral and lowered his price target for the shares to $74 from $76. Revenue headwinds are beginning to surface while the shares have had a "great run," Barker tells investors in a research note. He believes slowing sales growth and a flattening of net interest margin could make consensus estimates difficult to achieve.
07/23/18
07/23/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Duke Energy (DUK) upgraded to Neutral from Underweight at JPMorgan with analyst Christopher Turnure saying execution risk is priced into the shares at current levels and the company's visibility is improved following recent regulatory outcomes. 2. SunTrust (STI) upgraded to Buy from Neutral at B. Riley FBR with analyst Steve Moss citing the company's better outlook for revenue growth and efficiency improvement following its "good" Q2 results. 3. Cleveland-Cliffs (CLF) upgraded to Overweight from Neutral at JPMorgan with analyst Michael Gambardella citing the company's "strong" U.S. iron ore earnings momentum and the removal of an overhang with the Asia Pacific Iron Ore sale. 4. Delphi Technologies (DLPH) upgraded to Outperform from Perform at Oppenheimer with analyst Noah Kaye saying that trade risks, peak U.S. SAAR concerns, light duty diesel decline and potential long-term disruption from electrification have all contributed to a tempest of negative sentiment on the auto suppliers. 5. Essex Property Trust (ESS) upgraded to Market Perform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SYF Synchrony
$29.63

-0.45 (-1.50%)

09/26/18
BOFA
09/26/18
DOWNGRADE
BOFA
Neutral
Synchrony downgraded to Neutral from Buy at BofA/Merrill
10/02/18
JPMS
10/02/18
UPGRADE
Target $89
JPMS
Overweight
Discover upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Richard Shane upgraded Discover Financial (DFS) to Overweight and raised his price target for the shares to $89 from $81. The company appears on track to execute a "soft landing" as loan growth stabilizes, Shane tells investors in a research note. The analyst says credit has outperformed expectations while multiples in the Credit Card space have compressed. This creates a more attractive opportunity for investment, according to Shane. He also raised his price target for Overweight-rated Capital One (COF) to $113 from $109 and for Neutral-rated American Express (AXP) to $115 from $105.
09/26/18
09/26/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cabot Oil & Gas (COG) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Devin McDermott saying U.S. natural gas should soon enter a new cycle of structural oversupply and stagnating demand. 2. Manhattan Associates (MANH) downgraded to Hold from Buy at SunTrust with analyst Terry Tillman saying while there was no change in his view of the company's fundamentals, the risk reward on the stock is much more balanced after it "outperformed significantly" since the last earnings report. 3. Lam Research (LRCX) downgraded to Neutral from Buy at UBS. 4. Paycom (PAYC) and Synchrony (SYF) were downgraded to Neutral from Buy at BofA/Merrill. 5. DowDuPont (DWDP) downgraded to Neutral from Buy at Nomura Instinet with analyst Aleksey Yefremov citing his commodity models based on recent changes in chemical prices and margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/18
09/26/18
DOWNGRADE

Neutral
Synchrony downgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill downgraded Synchrony to Neutral from Buy with a $34 price target. Analyst Kenneth Bruce believes share upside is limited near-term given the recent Walmart partnership loss and sees additional risk from future renewals.
CFG Citizens Financial
$34.92

-0.96 (-2.68%)

05/30/18
BARD
05/30/18
UPGRADE
Target $46
BARD
Outperform
Citizens Financial upgraded to Outperform at Baird
As reported previously, Baird analyst David George upgraded Citizens Financial to Outperform from Neutral. The analyst cited yesterday's weakness as a buying opportunity as the Italian bond and U.S. Treasury yields weighed on the banks. He likes the improving operating leverage, capital return, and discounted valuation of Citizens and maintained his $46 price target on the shares.
05/30/18
BARD
05/30/18
UPGRADE
BARD
Outperform
Citizens Financial upgraded to Outperform from Neutral at Baird
04/23/18
BMOC
04/23/18
NO CHANGE
Target $52
BMOC
Outperform
Citizens Financial price target lowered to $52 from $56 at BMO Capital
BMO Capital analyst Lana Chan lowered her price target on Citizens Financial to $52, saying that despite the Q1 earnings beat, the underlying trends were mixed with weak loan growth and weak fees along with a lower loan loss provision and better net interest margins. Chan keeps her Outperform rating on Citizens Financial, maintaining her positive outlook toward improvement in "below-peer profitability metrics through balance sheet optimization, improved fee income productivity, and higher capital returns".
KSU Kansas City Southern
$102.68

-1.31 (-1.26%)

10/09/18
LOOP
10/09/18
NO CHANGE
Target $136
LOOP
Buy
Kansas City Southern price target lowered to $136 from $140 at Loop Capital
Loop Capital analyst Rick Paterson lowered his price target on Kansas City Southern to $136, citing the latest reports of congestion in south Texas from the overloaded Monterrey yard that is also expected to spread into northern Mexico. The analyst expects the development to weigh on the company's margins and also likely to put its volume guidance growth of 3%-4% this year "out of reach". Paterson keeps his Buy rating on Kansas City Southern longer term, noting that the market confidence of the company reaching that guidance was already low while adding that growth should accelerate in 2019 with Sasol opening in December and boosting the shipping needs for its plastics joint venture.
10/15/18
DBAB
10/15/18
UPGRADE
Target $120
DBAB
Buy
Kansas City Southern upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Amit Mehrotra upgraded Kansas City Southern to Buy and raised his price target for the shares to $120 from $119. With shares down 15% since early September, entirely the result of valuation compression, Kansas City Southern is now "highly compelling "in the context of mid-teens earnings growth in 2019, Mehrotra tells investors in a research note. The analyst continues to forecast a Q3 miss, but believes the shares are now "highly attractive" in light of its growth prospects.
08/29/18
08/29/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Kansas City Southern (KSU) upgraded to Outperform from Market Perform at Cowen with analyst Jason Seidl citing the U.S.-Mexico trade agreement, noting that he views Kansas City as having the most exposure to Mexico. 2. Ferrari (RACE) upgraded to Buy from Hold at HSBC with analyst Giulio Pescatore saying the recent selloff on the CEO's comments regarding Sergio Marchionne's 2022 targets has provided an attractive entry point. 3. Bank of Montreal (BMO) upgraded to Buy from Hold at Canaccord. 4. Marten Transport (MRTN) upgraded to Hold from Sell at Stifel with analyst David Ross citing valuation. 5. Royal Caribbean (RCL) upgraded to Buy from Hold at Deutsche Bank with analyst Chris Woronka citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/04/18
DBAB
09/04/18
INITIATION
Target $119
DBAB
Hold
Kansas City Southern initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Amit Mehrotra started Kansas City Southern with a Hold rating and $119 price target. The analyst expects a miss in Q3 and sees risk to the shares from higher capital spending in 2019.
IPG Interpublic Group
$22.48

0.28 (1.26%)

10/15/18
MSCO
10/15/18
INITIATION
Target $24
MSCO
Equal Weight
Interpublic Group resumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne resumed coverage of Interpublic Group with an Equal Weight rating and $24 price target, stating that its acquisition of Acxiom Marketing Services raises expectations it can leverage data into additional top-line strength and he prefers to take a "wait and see" approach. While there is likely little debate as to the growing role of data in driving marketing decisions, there is debate around privacy concerns and the need for industry participants to own vs. buy vs. rent data, Swinburne tells investors. The analyst, who is cautious on ad agency holding companies, added that he views Interpublic as the "best house in [a] sluggish neighborhood."
07/25/18
RBCM
07/25/18
UPGRADE
Target $27
RBCM
Outperform
Interpublic Group upgraded to Outperform at RBC Capital on higher growth
As reported earlier, RBC Capital analyst Steven Cahall upgraded Interpublic Group to Outperform from Sector Perform and raised his price target to $27 from $26. The analyst says the company is showing "credible" growth differentiation from its peers, which deserves a premium multiple. Cahall adds that this is an attractive entry point, considering that the stock has not rallied despite the strong Q2 earnings.
09/20/18
MACQ
09/20/18
UPGRADE
MACQ
Outperform
Interpublic Group upgraded to Outperform from Neutral at Macquarie
10/11/18
JPMS
10/11/18
INITIATION
Target $28
JPMS
Overweight
Interpublic Group reinstated with an Overweight at JPMorgan
JPMorgan analyst Alexia Quadrani reinstated coverage of Interpublic Group with an Overweight rating and $28 price target following a period of restriction. Amid a challenging industry landscape marked by 1% organic growth, IPG has outperformed, Quadrani tells investors in a research note. The analyst views positively the acquisition of Acxiom Marketing Solutions, saying it brings scale in data and data expertise to a management team "that has a proven ability to integrate such knowledge across a holding company organization."
EEFT Euronet
$112.64

-2.96 (-2.56%)

10/02/18
WELS
10/02/18
NO CHANGE
Target $150
WELS
Outperform
Euronet price target raised to $150 from $120 at Wells Fargo
Wells Fargo analyst Timothy Willi raised his price target for Euronet (EEFT) to $150 from $120 following the Visa (V) decision to permit Dynamic Currency Conversion transactions globally. The analyst estimates that Visa non-EU DCC revenue should contribute roughly $200M in incremental revenue during 2019, and believes that ultimately the ability to derive DCC revenues globally from Visa in addition to MasterCard (MA) will provide an incremental tailwind for Euronet and the ability to grow its ATM footprint at a pace that maybe faster than previously contemplated. Willi reiterates an Outperform rating on Euronet shares.
10/10/18
PIPR
10/10/18
NO CHANGE
Target $94
PIPR
Neutral
Piper boosts Square target to $94, Global Payments target to $157
Piper Jaffray analyst Jason Deleeuw raised his price target for Neutral-rated Square 9SQ) to $94 from $67 in a research previewing the Q3 earnings reports for his FinTech coverage universe. Key fundamental factors for the sector remain positive, including ongoing secular growth and macro cyclical strength, Deleeuw tells investors in a research note. Also, the group's fundamentals are relatively insulated from the key macro risks of rising input costs and tariff escalation, the analyst adds. As such, he expects in-line to better than consensus Q3 results and outlooks, which he thinks will help stabilize the relative valuation multiples for the group. Deleeuw's top ideas into the quarter include Black Knight (BKI), Global Payments (GPN), First Data (FDC), Visa (V), Euronet (EEFT) and Alliance Data (ADS). In addition to Square, the analyst boosted his price target for Overweight-rated Alliance Data to $319 from $312, Neutral-rated American Express (AXP) to $126 from $113, Overweight-rated Global Payments to $157 from $135, Overweight-rated MasterCard (MA) to $216 from $224, Neutral-rated PayPal (PYPL) to $96 from $81 and Overweight-rated Visa to $191 from $166.
10/10/18
SBSH
10/10/18
INITIATION
Target $135
SBSH
Buy
Euronet initiated with a Buy at Citi
Citi analyst Andrew Schmidt started Euronet Worldwide with a Buy rating and $135 price target. Euronet differs from many Payments & Processors companies in that its "outsized growth is weighted towards execution versus secular factors," Schmidt tells investors in a research note. The analyst expects "good" Q3 results and expects the stock to "grind up." He put a "Catalyst Watch" on Euronet shares.
10/03/18
RHCO
10/03/18
NO CHANGE
Target $155
RHCO
Buy
Euronet price target raised to $155 from $130 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on Euronet (EEFT) to $155 and kept his Buy rating, saying he expects the company to post "above trend organic revenue growth" as it rolls out its Dynamic Currency Conversion capability on Visa (V) cards. The analyst further sees Eurnet's Money Transfer business expanding its market share and contributing to near-20% free cash flow growth for the next several years. Jeffrey adds that Euronet shares should see their multiples expand from strong cash flow generation and higher return on invested capital.
MAN Manpower
$78.38

-1.09 (-1.37%)

07/23/18
RHCO
07/23/18
NO CHANGE
Target $100
RHCO
Hold
Manpower price target lowered to $100 from $128 at SunTrust
SunTrust analyst Tobey Sommer lowered his price target on Manpower to $100, citing the slower anticipated top line growth and the impact of $30 operating income headwind related to "resetting" of the Competitiveness and Employment Tax Credit in France. The analyst keeps his Hold rating on Manpower in spite of its "inexpensive" valuation at 6.6-times enterprise value to EBITDA.
08/10/18
FBCO
08/10/18
INITIATION
Target $115
FBCO
Outperform
Manpower initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kevin McVeigh initiated the Business and Professional Services sector, starting Manpower (MAN) with an Outperform rating and $115 price target, telling investors that while the outlook for Manpower's business is "uneven" near-term, he believes this is more than discounted in the stock even if Street estimates are too high. That said, McVeigh believes the market is not properly discounting headwinds, creating a buying opportunity.
10/09/18
MACQ
10/09/18
DOWNGRADE
MACQ
Neutral
Manpower downgraded to Neutral from Outperform at Macquarie
10/09/18
10/09/18
DOWNGRADE

Neutral
Manpower downgraded to Neutral on European slowdown at Macquarie
As previously reported, Macquarie downgraded Manpower to Neutral from Buy and lowered its price target to $91 from $111. Analyst Hamzah Mazari lowered 2018 and 2019 estimate to reflect a slowdown in Continental Europe and lower operating leverage for the Manpower brand. Mazari said Manpower shares are "cheap," but he does not see a reacceleration in the European cycle and believes there is a negative impact from US-China tariffs on industrial temp staffing.
GNTX Gentex
$18.62

-0.32 (-1.69%)

01/29/18
RILY
01/29/18
NO CHANGE
Target $29
RILY
Buy
Gentex price target raised to $29 from $25 at B. Riley FBR
B. Riley FBR analyst Christopher Van Horn raised his price target for Gentex to $29 citing the company's "significant" benefit from tax reform and continued gradual margin expansion. He sees an improved long-term opportunity for the company amid strong tech adoption and keeps a Buy rating on the shares.
01/29/18
CHLM
01/29/18
NO CHANGE
Target $23
CHLM
Hold
Gentex price target raised to $23 from $18 at Craig-Hallum
Craig-Hallum analyst Steve Dyer raised his price target for Gentex to $23 from $18, citing a Q4 beat and solid product pipeline. The analyst reiterates a Hold rating on the shares on valuation.
01/29/18
BMOC
01/29/18
NO CHANGE
Target $28
BMOC
Outperform
Gentex price target raised to $28 from $24 at BMO Capital
BMO Capital analyst Richard Carlson raised his price target on Gentex to $28 and kept his Outperform rating after a Q4 earnings beat. Carlson says the lower tax rate was the key driver in the upward earnings revision, but also notes that the underlying performance and positioning for longer-term success should not be overlooked as the company positions for "best-in-class margin profile, investing in new products and technologies, and returning cash to shareholders".
07/18/18
RILY
07/18/18
NO CHANGE
Target $29
RILY
Buy
Gentex shares remain 'very attractive,' says B. Riley FBR
B. Riley FBR analyst Christopher Van Horn believes shares of Gentex remain "very attractive" with "multiple secular growth themes" supporting the stock. The analyst, however, sees some risk to his above-consensus Q2 estimates from lower auto production levels in North America and abroad. He keeps a Buy rating on Gentex with a $29 price target into the earnings print on July 20.
CLF Cleveland-Cliffs
$11.47

-0.37 (-3.13%)

10/15/18
FBCO
10/15/18
NO CHANGE
FBCO
Neutral
Credit Suisse downgrades U.S. Steel sector along with three stocks
Credit Suisse analyst Curt Woodworth downgraded his view on the U.S. Steel sector to Market Weight from Overweight due to concerns with new supply entering the sheet market as well as with U.S demand as interest rates rise. The analyst sees "limited potential for multiple expansion given late cycle fears." Further, in addition to cycle concerns and new supply risk, capital allocation by companies has disappointed relative to investors "wish lists," Woodworth tells investors in a research note. Along with the sector, the analyst downgraded Nucor (NUE), Steel Dynamics (STLD), and Cleveland-Cliffs (CLF) to Neutral from Outperform. Woodworth keeps Outperform ratings on US Steel (X) and AK Steel (AKS) as he sees upside to Street estimates on better 2019 contract pricing as well as more attractive valuations relative to historical forward multiples.
10/15/18
FBCO
10/15/18
DOWNGRADE
FBCO
Neutral
Cleveland-Cliffs downgraded to Neutral from Outperform at Credit Suisse
09/26/18
RILY
09/26/18
NO CHANGE
Target $15
RILY
Buy
Cleveland-Cliffs price target raised to $15 from $13 at B. Riley FBR
B. Riley FBR analyst Lucas Pipes earlier today raised his price target for Cleveland-Cliffs to $15 from $13 reflect an improved outlook for Atlantic Pellet Premiums. With Chinese pellets trading slightly below all-time highs, iron ore suppliers into the Atlantic are positioned well to capture an incremental $15-$20/Mt of premium, Pipes told investors earlier in a research note. The analyst increased his estimates for Cleveland-Cliffs and kept a Buy rating on the shares. The stock in midday trading us down 18c to $12.73.
09/07/18
JEFF
09/07/18
NO CHANGE
Target $13
JEFF
Buy
Cleveland-Cliffs price target raised to $13 from $11 at Jefferies
Jefferies analyst Seth Rosenfeld raised his price target for Cleveland-Cliffs to $13 saying the company's dual exposure to seaborne pellets and domestic hot-rolled coil "continues to stand out as a winning combination." While hot-rolled coil is drifting lower, Cleveland-Cliffs' contracts remain in upgrade territory, Rosenfeld tells investors in a research note. He keeps a Buy rating on the shares.

TODAY'S FREE FLY STORIES

ALTM

Altus Midstream Company

$8.35

-0.28 (-3.24%)

17:20
11/19/18
11/19
17:20
11/19/18
17:20
Syndicate
Altus Midstream Company files to sell 360.5M shares of Class A common for holder »

Also files to sell…

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ALTM

Altus Midstream Company

$8.35

-0.28 (-3.24%)

17:19
11/19/18
11/19
17:19
11/19/18
17:19
Syndicate
Altus Midstream Company files to sell 12.56M shares of Class A common stock »

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IEP

Icahn Enterprises

$67.18

-0.97 (-1.42%)

, EGN

Energen

$73.27

-0.14 (-0.19%)

17:19
11/19/18
11/19
17:19
11/19/18
17:19
Hot Stocks
Breaking Hot Stocks news story on Icahn Enterprises, Energen »

Carl Icahn reports 9.9%…

IEP

Icahn Enterprises

$67.18

-0.97 (-1.42%)

EGN

Energen

$73.27

-0.14 (-0.19%)

03/08/13
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D

Dominion

$74.40

0.82 (1.11%)

, SCG

Scana

$43.70

0.75 (1.75%)

17:18
11/19/18
11/19
17:18
11/19/18
17:18
Hot Stocks
NCUC approves Dominion-SCANA combination »

The proposed combination…

D

Dominion

$74.40

0.82 (1.11%)

SCG

Scana

$43.70

0.75 (1.75%)

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NOC

Northrop Grumman

$269.40

-3.14 (-1.15%)

17:17
11/19/18
11/19
17:17
11/19/18
17:17
Hot Stocks
Northrop Grumman awarded $489.92M Air Force contract »

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  • 27

    Nov

CLDR

Cloudera

$11.23

-0.915 (-7.53%)

, HDP

Hortonworks

$14.52

-1.23 (-7.81%)

17:17
11/19/18
11/19
17:17
11/19/18
17:17
Hot Stocks
Hortonworks, Cloudera terminate waiting period for proposed merger »

Cloudera (CLDR) and…

CLDR

Cloudera

$11.23

-0.915 (-7.53%)

HDP

Hortonworks

$14.52

-1.23 (-7.81%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 05

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  • 06

    Dec

PLSE

Pulse Biosciences

$13.35

0.545 (4.26%)

17:16
11/19/18
11/19
17:16
11/19/18
17:16
Syndicate
Pulse Biosciences commences $45M rights offering »

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XYL

Xylem

$69.46

-1.38 (-1.95%)

17:15
11/19/18
11/19
17:15
11/19/18
17:15
Hot Stocks
Xylem signs MOU with Ethiopia government on water security »

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  • 27

    Nov

NOC

Northrop Grumman

$269.40

-3.14 (-1.15%)

, SAIC

SAIC

$68.30

-2.18 (-3.09%)

17:12
11/19/18
11/19
17:12
11/19/18
17:12
Hot Stocks
Northrop Grumman, SAIC and others awarded $577.47M in Navy contracts »

Northrop Grumman (NOC),…

NOC

Northrop Grumman

$269.40

-3.14 (-1.15%)

SAIC

SAIC

$68.30

-2.18 (-3.09%)

GD

General Dynamics

$179.25

-3.86 (-2.11%)

BAH

Booz Allen

$51.90

-0.79 (-1.50%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Nov

  • 06

    Dec

  • 11

    Jan

IR

Ingersoll-Rand

$103.29

-1.045 (-1.00%)

17:12
11/19/18
11/19
17:12
11/19/18
17:12
Initiation
Ingersoll-Rand initiated  »

Ingersoll-Rand initiated…

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  • 27

    Nov

CARB

Carbonite

$25.89

-1.78 (-6.43%)

17:11
11/19/18
11/19
17:11
11/19/18
17:11
Hot Stocks
Carbonite announces $50M stock repurchase program »

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PES

Pioneer Energy

$2.75

-0.01 (-0.36%)

17:11
11/19/18
11/19
17:11
11/19/18
17:11
Initiation
Pioneer Energy initiated  »

Pioneer Energy initiated…

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  • 26

    Nov

RNGR

Ranger Energy

$7.62

-0.53 (-6.50%)

17:10
11/19/18
11/19
17:10
11/19/18
17:10
Initiation
Ranger Energy initiated  »

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SERV

ServiceMaster

$41.84

-0.58 (-1.37%)

17:09
11/19/18
11/19
17:09
11/19/18
17:09
Initiation
ServiceMaster initiated  »

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  • 11

    Dec

KLIC

Kulicke & Soffa

$19.90

-0.96 (-4.60%)

17:06
11/19/18
11/19
17:06
11/19/18
17:06
Earnings
Kulicke & Soffa sees Q1 revenue $150M-$160M, consensus $191.06M »

Looking forward, Dr.…

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  • 19

    Nov

  • 11

    Dec

KLIC

Kulicke & Soffa

$19.90

-0.96 (-4.60%)

17:04
11/19/18
11/19
17:04
11/19/18
17:04
Earnings
Kulicke & Soffa reports Q4 EPS 45c versus 62c in Q4 last year »

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  • 19

    Nov

  • 11

    Dec

ENTG

Entegris

$26.20

-1.07 (-3.92%)

17:04
11/19/18
11/19
17:04
11/19/18
17:04
Hot Stocks
Entegris announces additional $250M share repurchase authorization »

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  • 27

    Nov

SCI

Service Corp.

$44.69

-0.185 (-0.41%)

17:03
11/19/18
11/19
17:03
11/19/18
17:03
Hot Stocks
Service Corp. exec Sangalis sells 23,617 common shares »

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EEX

Emerald Expositions Events

$10.92

-0.63 (-5.45%)

17:02
11/19/18
11/19
17:02
11/19/18
17:02
Initiation
Emerald Expositions Events initiated  »

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CTAS

Cintas

$179.63

-3.47 (-1.90%)

16:58
11/19/18
11/19
16:58
11/19/18
16:58
Initiation
Cintas initiated  »

Cintas initiated with an…

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ARMK

Aramark

$35.81

-1.045 (-2.84%)

16:52
11/19/18
11/19
16:52
11/19/18
16:52
Initiation
Aramark initiated  »

Aramark initiated with an…

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ADT

ADT Inc.

$7.68

-0.39 (-4.83%)

, AMZN

Amazon.com

$1,511.67

-81.92 (-5.14%)

16:48
11/19/18
11/19
16:48
11/19/18
16:48
Initiation
ADT Inc., Amazon.com initiated  »

ADT Inc. initiated with…

ADT

ADT Inc.

$7.68

-0.39 (-4.83%)

AMZN

Amazon.com

$1,511.67

-81.92 (-5.14%)

03/08/13
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03/08/13
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  • 27

    Nov

  • 28

    Nov

  • 04

    Dec

NUAN

Nuance

$16.27

-0.61 (-3.61%)

16:48
11/19/18
11/19
16:48
11/19/18
16:48
Hot Stocks
Nuance trades higher after quarterly report, plans to spin off Nuance Auto »

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  • 19

    Nov

ORPN

Bio Blast Pharma

$1.19

-0.02 (-1.65%)

16:48
11/19/18
11/19
16:48
11/19/18
16:48
Conference/Events
Bio Blast Pharma to host conference call »

Conference call to…

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PSTG

Pure Storage

$17.56

-1.56 (-8.16%)

16:48
11/19/18
11/19
16:48
11/19/18
16:48
Hot Stocks
Pure Storage up 6.4% after Q3 results beat estimates, FY19 guidance raised »

In after-hours trading,…

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  • 19

    Nov

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    Nov

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