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FBC

Flagstar Bancorp

$29.26

-0.33 (-1.12%)

, SVU

Supervalu

$32.49

0.02 (0.06%)

18:05
10/18/18
10/18
18:05
10/18/18
18:05

S&P announces changes to S&P SmallCap 600 index

S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective at the open of trading on Tuesday, October 23: Flagstar Bancorp (FBC) will replace SUPERVALU (SVU) in the S&P SmallCap 600. S&P MidCap 400 constituent United Natural Foods (UNFI) is acquiring SUPERVALU in a deal expected to close on October 22 pending final conditions. TechTarget (TTGT) will replace Perry Ellis International (PERY) in the S&P SmallCap 600. Perry Ellis International is being taken private in a deal expected to close soon pending final conditions.

FBC

Flagstar Bancorp

$29.26

-0.33 (-1.12%)

SVU

Supervalu

$32.49

0.02 (0.06%)

UNFI

United Natural Foods

$26.94

0.2 (0.75%)

TTGT

TechTarget

$19.53

-0.35 (-1.76%)

PERY

Perry Ellis

$27.48

0.02 (0.07%)

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    Oct

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    Nov

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    Dec

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    Dec

  • 03

    Mar

FBC Flagstar Bancorp
$29.26

-0.33 (-1.12%)

05/14/18
COMP
05/14/18
UPGRADE
COMP
Buy
Flagstar Bancorp upgraded to Buy from Neutral at Compass Point
06/07/18
SDLR
06/07/18
UPGRADE
SDLR
Buy
Flagstar Bancorp upgraded to Buy from Hold at Sandler O'Neill
06/27/18
KBWI
06/27/18
UPGRADE
Target $43
KBWI
Outperform
Flagstar Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Bose George upgraded Flagstar Bancorp (FBC) to Outperform and raised its price target to $43 from $42 following the acquisition of 52 Wells Fargo (WFC) branches saying shares trade at a modest discount to the company's historical average. George raised forward estimates to reflect lower funding costs, partially offset by a weaker environment for mortgage banking, but believes the company has shown it can generate reasonably good mortgage banking returns even in a challenging market. .
09/25/18
SPHN
09/25/18
NO CHANGE
SPHN
FB Financial guidance may add caution about mortgage heavy banks, says Stephens
Stephens analyst Tyler Stafford noted that FB Financial (FBK) has lowered its mortgage expectations for the second half of the year, which he sees being driven by softer volumes than originally expected coupled with incremental GOS margin pressure. Stafford thinks FB Financial's guidance may make investors incrementally more cautious around other mortgage heavy banks, he tells investors. On a list of banks with the largest GOS mortgage exposures as a percentage of revenue as of Q2 2018, Stafford identifies HomeStreet (HMST), Hilltop Holdings (HTH), Fidelity Southern (LION) and Flagstar Bancorp (FBC) alongside FB Financial.
SVU Supervalu
$32.49

0.02 (0.06%)

09/24/18
SPHN
09/24/18
NO CHANGE
Target $33
SPHN
Equal Weight
United Natural Foods price target lowered to $33 from $43 at Stephens
Stephens analyst Ben Bienvenu lowered his price target on United Natural Foods (UNFI) to $33 from $43, stating that its FY19 guidance suggests that some of the margin pressures evident in its Q4 report will persist. Additionally, the company's increased leverage from its Supervalu (SVU) deal paired with moderating topline growth give Bienvenu pause, he tells investors. The analyst keeps an Equal Weight rating on United Natural shares.
07/27/18
PIVT
07/27/18
DOWNGRADE
PIVT
Hold
Supervalu downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Ajay Jain downgraded Supervalu (SVU) following the acquisition by United Natural Foods (UNFI) for $32.50 per share in cash.
10/15/18
RBCM
10/15/18
NO CHANGE
RBCM
Sector Perform
RBC says United Natural holders would likely prefer walking away from Supervalu
RBC Capital analyst William Kirk said Supervalu's (SVU) 10-Q showed that its Q2 top line and margin performance were significantly worse than anticipated and he believes at this point that United Natural Foods (UNFI) shareholders would prefer walking away from the takeover deal, but he notes that most termination rights sit with Supervalu. The analyst, who also thinks the weaker than expected earnings should "give lenders pause" with financing commitments due today, keeps Sector Perform ratings on both United Natural and Supervalu.
08/06/18
WELS
08/06/18
NO CHANGE
Target $33
WELS
Market Perform
Supervalu price target raised to $33 from $21 at Wells Fargo
Wells Fargo analyst Edward Kelly raised his price target for Supervalu (SVU) to $33 from $21 after the company announced last week that it has agreed to be acquired by United Natural Foods (UNFI) for $32.50/share in cash, or $2.9B. The analyst says the deal makes sense to him from Supervalu's perspective given the company's strategic repositioning in recent years toward pure-play wholesale. He reiterates a Market Perform rating on Supervalu shares.
UNFI United Natural Foods
$26.94

0.2 (0.75%)

09/24/18
BMOC
09/24/18
NO CHANGE
Target $28
BMOC
Market Perform
United Natural Foods price target lowered to $28 from $41 at BMO Capital
BMO Capital analyst Kelly Bania lowered her price target on United Natural Foods to $28 and kept her Market Perform rating, saying the company's "weak" Q4 performance was driven by "ongoing margin mix-shift pressure and lack of pass through of freight costs". The analyst also cites the lack of visibility into the company's margins and worse than expected EBITDA contribution from the first year of its Supervalu integration efforts. Bania believes that United Natural Foods' core growth could stabilize as its "initiatives to grow sales in perimeter categories gain traction", but expects margin pressure to continue.
09/24/18
09/24/18
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. Plains All American (PAA) and Plains GP Holdings (PAGP) were upgraded to Buy from Hold at Stifel. 2. Avon Products (AVP) upgraded to Buy from Neutral at DA Davidson with analyst Linda Bolton Weiser citing the increased "sense of urgency" under the new CEO Jan Zijderveld displayed in his first analyst meeting, demonstrating his greater engagement in the company's operations, hiring of executives with sales experience, and "establishing a culture of accountability." 3. United Natural Foods (UNFI) upgraded to Sector Perform at RBC Capital with analyst William Kirk saying while core business challenges for the company remain and the risk of the Supervalu acquisition integration continues, its 6.4-times earnings valuation likely accounts for these issues. 4. KVH Industries (KVHI) upgraded to Buy from Neutral at Chardan with analyst James McIlree saying he expects "continued strong growth" from its Agile Plans that should result in improved margins and increased financial predictability. 5. RELX (RELX) upgraded to Overweight from Equal Weight at Barclays with analyst Nick Dempsey saying he views the current valuation as attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TTGT TechTarget
$19.53

-0.35 (-1.76%)

09/27/18
RAJA
09/27/18
INITIATION
Target $26
RAJA
Outperform
TechTarget initiated with an Outperform at Raymond James
Raymond James initiated Tech Target with an Outperform and $26 price target.
09/28/18
09/28/18
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. Zynga (ZNGA) initiated with a Buy at Stifel. 2. TechTarget (TTGT) initiated with an Outperform at Raymond James. 3. Q2 Holdings (QTWO) initiated with an Equal Weight at Stephens. 4. Hess Corp. (HES) initiated with an Outperform at Bernstein. 5. Hormel Foods (HRL) initiated with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/09/18
08/09/18
DOWNGRADE
Target $32

Hold
TechTarget downgraded to Hold on valuation at Craig-Hallum
As previously reported, Craig-Hallum analyst Mike Malouf downgraded TechTarget to Hold from Buy, citing a significant run in the stock. The analyst notes that core online is recovering but IT deal alert is slowing. Malouf raised his price target on the shares to $32 from $25.
08/09/18
LSCM
08/09/18
NO CHANGE
Target $32
LSCM
Buy
TechTarget price target raised to $32 from $23 at Lake Street
Lake Street analyst Eric Martinuzzi raised his price target for TechTarget to $32 saying "attractive" leverage drove upside to EBITDA in Q2. The analyst thinks the company can achieve its goals of a $200M revenue rune rate and 40% adjusted EBITDA margins. He calls its growth "impressive" and keeps a Buy rating on TechTarget.
PERY Perry Ellis
$27.48

0.02 (0.07%)

06/01/18
06/01/18
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. Southwest (LUV) downgraded to In-Line from Outperform at Imperial Capital with analyst Michael Derchin saying he expects Southwest to face unit revenue pressures through fiscal 2019 from higher capacity growth in the "weaker" off-peak period as well as heightened competition in California and Denver. 2. AbbVie (ABBV) downgraded to Neutral from Overweight at Piper Jaffray with analyst Christopher Raymond saying the stock's risk/reward, while once compelling on the reward side, may be skewing increasingly toward risk. 3. Scotts Miracle-Gro (SMG) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the company faces challenges both in its core consumer business and in its hydroponics operation, which serves the cannabis market. 4. Owens Corning (OC) downgraded to Hold from Buy at Argus. 5. Perry Ellis (PERY) downgraded to Market Perform from Outperform at IFS Securities and to Neutral from Buy at Sidoti. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/01/18
IFSG
06/01/18
DOWNGRADE
IFSG
Market Perform
Perry Ellis downgraded to Market Perform from Outperform at IFS Securities
06/01/18
SIDC
06/01/18
DOWNGRADE
SIDC
Neutral
Perry Ellis downgraded to Neutral from Buy at Sidoti
02/08/18
DADA
02/08/18
INITIATION
Target $27.5
DADA
Neutral
Perry Ellis initiated with a Neutral at DA Davidson
DA Davidson analyst Andrew Burns initiated Perry Ellis with a Neutral rating and a price target of $27.50, saying the company is poised for growth thanks to its "portfolio of globally recognized brands and a healthy balance sheet". Burns further cites an improving retail backdrop, continued category expansion, and growth of the company's international and direct-to-consumer divisions.

TODAY'S FREE FLY STORIES

ADT

ADT Inc.

$7.68

-0.39 (-4.83%)

16:43
11/19/18
11/19
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  • 27

    Nov

ARMK

Aramark

$35.81

-1.045 (-2.84%)

16:42
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Aramark initiated  »

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CTAS

Cintas

$179.63

-3.47 (-1.90%)

16:41
11/19/18
11/19
16:41
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16:41
Initiation
Cintas initiated  »

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BECN

Beacon Roofing

$27.74

0.12 (0.43%)

16:40
11/19/18
11/19
16:40
11/19/18
16:40
Earnings
Beacon Roofing sees FY19 adjusted EPS $2.90-$3.35, consensus $3.79 »

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  • 19

    Nov

  • 13

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SERV

ServiceMaster

$41.84

-0.58 (-1.37%)

16:40
11/19/18
11/19
16:40
11/19/18
16:40
Initiation
ServiceMaster initiated  »

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  • 11

    Dec

EEX

Emerald Expositions Events

$10.92

-0.63 (-5.45%)

16:39
11/19/18
11/19
16:39
11/19/18
16:39
Initiation
Emerald Expositions Events initiated  »

Emerald Expositions…

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PBIP

Prudential Bancorp

$17.32

-0.03 (-0.17%)

16:38
11/19/18
11/19
16:38
11/19/18
16:38
Hot Stocks
Prudential Bancorp announces third stock repurchase program for 900,000 shares »

Prudential Bancorp…

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POST

Post Holdings

$91.74

-4.31 (-4.49%)

16:37
11/19/18
11/19
16:37
11/19/18
16:37
Syndicate
Post Holdings announces termination of convertible preferred stock offering »

Post Holdings announced…

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FULT

Fulton Financial

$16.89

-0.06 (-0.35%)

16:36
11/19/18
11/19
16:36
11/19/18
16:36
Hot Stocks
Fulton Financial announces special cash dividend of four cents per share »

Fulton Financial …

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NFG

National Fuel

$53.79

0.755 (1.42%)

16:35
11/19/18
11/19
16:35
11/19/18
16:35
Hot Stocks
National Fuel CIO Wegrzyn to retire »

National Fuel Gas Company…

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LB

L Brands

$34.53

-0.75 (-2.13%)

16:35
11/19/18
11/19
16:35
11/19/18
16:35
Hot Stocks
L Brands names John Mehas as CEO of Victoria's Secret Lingerie unit »

The company also…

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  • 20

    Nov

XOMA

Xoma

$14.22

-0.045 (-0.32%)

16:35
11/19/18
11/19
16:35
11/19/18
16:35
Syndicate
Xoma commences rights offering to raise approximately $20M »

XOMA announced it has…

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03/06/13
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03/06/13
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DNLI

Denali Therapeutics

$18.18

-1.05 (-5.46%)

, SNY

Sanofi

$44.92

-0.19 (-0.42%)

16:34
11/19/18
11/19
16:34
11/19/18
16:34
Hot Stocks
Denali Therapeutics reports 'positive' results from Phase 1 DNL747 study »

Denali Therapeutics…

DNLI

Denali Therapeutics

$18.18

-1.05 (-5.46%)

SNY

Sanofi

$44.92

-0.19 (-0.42%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 02

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  • 28

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  • 11

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  • 22

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  • 28

    Apr

LB

L Brands

$34.53

-0.75 (-2.13%)

16:34
11/19/18
11/19
16:34
11/19/18
16:34
Earnings
L Brands raises FY18 EPS view to $2.60-$2.80 from $2.45-$2.70, consensus $2.63 »

CEO Leslie Wexner states:…

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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  • 20

    Nov

PGNX

Progenics

$5.20

-0.16 (-2.99%)

16:34
11/19/18
11/19
16:34
11/19/18
16:34
Hot Stocks
Progenics announces presentation of updated data for Azedra »

Progenics Pharmaceuticals…

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  • 27

    Nov

LB

L Brands

$34.53

-0.75 (-2.13%)

16:34
11/19/18
11/19
16:34
11/19/18
16:34
Earnings
Breaking Earnings news story on L Brands »

L Brands sees Q4 EPS…

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  • 20

    Nov

HGV

Hilton Grand Vacations

$29.52

-0.09 (-0.30%)

16:33
11/19/18
11/19
16:33
11/19/18
16:33
Hot Stocks
Hilton Grand Vacations names Gordon Gurnik as COO »

Hilton Grand Vacations…

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  • 04

    Dec

LB

L Brands

$34.53

-0.75 (-2.13%)

16:33
11/19/18
11/19
16:33
11/19/18
16:33
Hot Stocks
Breaking Hot Stocks news story on L Brands »

L Brands reports Q3 SSS…

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  • 20

    Nov

LB

L Brands

$34.53

-0.75 (-2.13%)

16:32
11/19/18
11/19
16:32
11/19/18
16:32
Hot Stocks
L Brands to cut annual dividend to $1.20 from $2.40 »

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  • 20

    Nov

T

AT&T

$30.34

0.04 (0.13%)

16:32
11/19/18
11/19
16:32
11/19/18
16:32
Periodicals
CNN abandons WH suit after Acosta's press pass restored, WP says »

CNN has withdrawn its…

03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

  • 03

    Dec

YUM

Yum! Brands

$88.15

-0.77 (-0.87%)

, TGT

Target

$77.77

-1.9 (-2.38%)

16:31
11/19/18
11/19
16:31
11/19/18
16:31
Hot Stocks
Yum! Brands names Brian Cornell as non-executive Chairman of Board »

Yum! Brands (YUM)…

YUM

Yum! Brands

$88.15

-0.77 (-0.87%)

TGT

Target

$77.77

-1.9 (-2.38%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 20

    Nov

  • 03

    Mar

LB

L Brands

$34.53

-0.75 (-2.13%)

16:31
11/19/18
11/19
16:31
11/19/18
16:31
Earnings
L Brands reports Q3 adjusted EPS 16c, consensus 15c »

Reports Q3 revenue…

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03/06/13
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  • 20

    Nov

NUAN

Nuance

$16.27

-0.61 (-3.61%)

16:30
11/19/18
11/19
16:30
11/19/18
16:30
Earnings
Nuance sees FY19 EPS $1.02-$1.21, consensus $1.23 »

Sees FY19 revenue…

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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  • 19

    Nov

16:30
11/19/18
11/19
16:30
11/19/18
16:30
Options
Preliminary option volume of 20.0M today »

Preliminary option volume…

NUAN

Nuance

$16.27

-0.61 (-3.61%)

16:30
11/19/18
11/19
16:30
11/19/18
16:30
Hot Stocks
Breaking Hot Stocks news story on Nuance 

Nuance trading resumes

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

    Nov

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