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GSKY

GreenSky

$14.70

0.24 (1.66%)

09:11
11/06/18
11/06
09:11
11/06/18
09:11

GreenSky downgraded to Neutral at BTIG after reduced EBITDA expectations

As reported earlier, BTIG analyst Mark Palmer downgraded GreenSky to Neutral from Buy after its Q3 revenue came in below expectations and the management reduced its FY18 and FY19 EBITDA outlook. The analyst states that he had previously viewed the company as an "interesting opportunity" based on his perceived "mismatch between its growth rate and its valuation" following its May IPO, but today's guidance is "sufficiently" far from his expectations to warrant a neutral stance.

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    Dec

GSKY GreenSky
$14.70

0.24 (1.66%)

11/06/18
BTIG
11/06/18
DOWNGRADE
BTIG
Neutral
GreenSky downgraded to Neutral from Buy at BTIG
10/11/18
10/11/18
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. Sage Therapeutics (SAGE) initiated with an Outperform at Oppenheimer. 2. Herbalife Nutrition (HLF) initiated with a Buy at Jefferies. 3. GreenSky (GSKY) initiated with a Buy at BTIG. 4. Nightstar Therapeutics (NITE) initiated with an Overweight at Cantor Fitzgerald. 5. KLX Energy (KLXE) initiated with a Buy at Gabelli. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/18
BTIG
10/11/18
INITIATION
Target $23
BTIG
Buy
GreenSky initiated with a Buy at BTIG
BTIG analyst Mark Palmer initiated GreenSky with a Buy rating and a price target of $23, saying the 44% decline in the company's stock price since its IPO high tick in late May is "overdone". The analyst notes that the weakness presents an "attractive" entry point for a "compelling" investment story. He also states that there are "mitigants" to the performance of the loans than the company originates, even though "all signs point to continued strong loan demand", and no evidence of credit deterioration justifying the selloff has been observed.
08/16/18
08/16/18
UPGRADE

Buy
GreenSky upgraded to Buy on valuation at Compass Point
As previously reported, Compass Point upgraded GreenSky to BUy from Neutral. Analyst Michael Tarkan said valuation has become more reasonable and the current macro backdrop remains supportive.

TODAY'S FREE FLY STORIES

SPX

S&P 500

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, SPY

SPDR S&P 500 ETF Trust

$273.80

0.96 (0.35%)

13:12
11/16/18
11/16
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13:12
Periodicals
White House says Trump just expressing optimism on trade, CNBC reports »

CNBC's Eamon Javers…

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$273.79

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13:10
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Periodicals
White House tells CNBC not to read too much into Trump's trade comments »

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13:09
11/16/18
11/16
13:09
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13:09
General news
Baker-Hughes Rig Count N. Amer. data reported »

Week of 11/16…

BHGE

Baker Hughes

$23.40

0.11 (0.47%)

13:05
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Baker Hughes reports U.S. rig count up 1 to 1,082 rigs »

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ECA

Encana

$7.56

-0.19 (-2.45%)

13:05
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11/16
13:05
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Options
Encana call volume above normal and directionally bullish »

Bullish option flow…

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SYRS

Syros Pharmaceuticals

$8.03

0.16 (2.03%)

13:00
11/16/18
11/16
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Recommendations
Syros Pharmaceuticals analyst commentary  »

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SPX

S&P 500

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, SPY

SPDR S&P 500 ETF Trust

$273.77

0.93 (0.34%)

12:54
11/16/18
11/16
12:54
11/16/18
12:54
General news
Trump says China 'wants to make a deal' on trade »

President Trump said in…

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PYPL

PayPal

$85.27

-1.48 (-1.71%)

12:50
11/16/18
11/16
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12:50
Options
Notable call writing in Paypal as shares drop 2% »

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GOOG

Alphabet

$1,051.92

-12.82 (-1.20%)

, GOOGL

Alphabet Class A

$1,057.14

-14.08 (-1.31%)

12:49
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Periodicals
Google Cloud CEO to be replaced by former Oracle executive, CNBC reports »

Google (GOOG, GOOGL)…

GOOG

Alphabet

$1,051.92

-12.82 (-1.20%)

GOOGL

Alphabet Class A

$1,057.14

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ORCL

Oracle

$51.16

0.52 (1.03%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$272.08

-0.76 (-0.28%)

12:45
11/16/18
11/16
12:45
11/16/18
12:45
General news
Markets bounce higher after Trump comments on China trade talks »

The markets moved higher…

SPX

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SPDR S&P 500 ETF Trust

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12:45
11/16/18
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General news
Breaking General news story  »

Week of 11/16…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$272.55

-0.29 (-0.11%)

12:40
11/16/18
11/16
12:40
11/16/18
12:40
General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

Trump says would like to…

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S&P 500

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SPY

SPDR S&P 500 ETF Trust

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$272.55

-0.29 (-0.11%)

12:40
11/16/18
11/16
12:40
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General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

Trump says does not want…

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SPY

SPDR S&P 500 ETF Trust

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IQ

iQIYI

$20.54

-0.53 (-2.52%)

12:40
11/16/18
11/16
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Options
4K Jun 22.5 calls on iQiyi trade $3.40 »

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FB

Facebook

$138.09

-5.77 (-4.01%)

12:38
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Definers says not hired by Facebook for opposition research »

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LYB

LyondellBasell

$94.38

0.95 (1.02%)

, BAK

Braskem

$27.66

0.56 (2.07%)

12:30
11/16/18
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12:30
11/16/18
12:30
Periodicals
LyondellBasell close to presenting binding offer for Braskem, Reuters says »

LyondellBasell (LYB) is…

LYB

LyondellBasell

$94.38

0.95 (1.02%)

BAK

Braskem

$27.66

0.56 (2.07%)

PBR

Petrobras

$14.87

0.32 (2.20%)

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CTSH

Cognizant

$68.91

0.24 (0.35%)

12:30
11/16/18
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Options
Call buying in Cognizant Tech as the company hosts an Investor Day Friday »

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BAK

Braskem

$27.74

0.64 (2.36%)

, LYB

LyondellBasell

$94.44

1.01 (1.08%)

12:26
11/16/18
11/16
12:26
11/16/18
12:26
Hot Stocks
Breaking Hot Stocks news story on Braskem, LyondellBasell »

Braskem up 54c to $27.68…

BAK

Braskem

$27.74

0.64 (2.36%)

LYB

LyondellBasell

$94.44

1.01 (1.08%)

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EADSY

Airbus

$0.00

(0.00%)

12:25
11/16/18
11/16
12:25
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12:25
Periodicals
Airbus, Dassault plan to submit bid for early work on new jet, Reuters says »

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12:25
11/16/18
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12:25
Conference/Events
UBS alternative energy analyst to hold an analyst/industry conference call »

Alternative Energy…

LYB

LyondellBasell

$94.48

1.05 (1.12%)

12:24
11/16/18
11/16
12:24
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12:24
Periodicals
LyondellBasell close to presenting binding offer for Braskem, Reuters says »

LyondellBasell is close…

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XLB

S&P Select Materials SPDR

$54.66

-0.04 (-0.07%)

12:20
11/16/18
11/16
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11/16/18
12:20
Options
Bearish option flow in Materials Sector ETF »

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12:20
11/16/18
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12:20
General news
More from Evans: the short-term policy rate is the first instrument »

More from Evans: the…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
11/16/18
11/16
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12:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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