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SWCH

Switch

$9.27

-0.075 (-0.80%)

, EBAY

eBay

$28.10

-0.86 (-2.97%)

09:07
11/14/18
11/14
09:07
11/14/18
09:07

Switch price target lowered to $10.50 from $14 at BMO Capital

BMO Capital analyst Tim Long lowered his price target on Switch (SWCH) to $10.50 after its "mixed" Q3 results that saw a slight miss in revenues and EBITDA and a maintained FY18 outlook. The analyst notes that the company's new customer activity has also been slower than anticipated and that its "large deal that was delayed a few months ago may not contribute in 2019". Long keeps his Outperform rating on Switch however, stating that the expansion of its deal with eBay (EBAY), along with its valuation being below the low end of the peer group, should limit the downside.

SWCH

Switch

$9.27

-0.075 (-0.80%)

EBAY

eBay

$28.10

-0.86 (-2.97%)

  • 03

    Mar

SWCH Switch
$9.27

-0.075 (-0.80%)

10/25/18
WELS
10/25/18
UPGRADE
Target $11.5
WELS
Outperform
Switch upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Jennifer Fritzsche upgraded Switch to Outperform while lowering her price target for the shares to $11.50 from $13.50. The analyst sees limited downside to the company's 2018 guidance given its "minimal churn." Further, Switch's growth poised to accelerate in 2019 and 2020, with favorable comps relative to 2018, Fritzsche tells investors in a research note. She believes the stock has "bottomed out" and views the current valuation as "compelling."
10/23/18
JEFF
10/23/18
INITIATION
Target $10
JEFF
Hold
Switch assumed with a Hold at Jefferies
Jefferies analyst Jonathan Petersen assumed coverage of Switch with a Hold rating while lowering his price target for the shares to $10 from $12. After the recent guidance reduction, Switch remains a "show me story" until it can demonstrate a path to consistent growth, Petersen tells investors in a research note.
08/14/18
08/14/18
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. CREDIT SUISSE INITIATES CASINO STOCKS: Credit Suisse analyst Cameron McKnight initiated Gaming and Leisure Properties (GLPI), VICI Properties (VICI), and PlayAGS (AGS) with an Outperform, Las Vegas Sands (LVS), Wynn Resorts (WYNN), MGM Growth (MGP), and International Game (IGT) with a Neutral, as well as Scientific Games (SGMS) with an Underperform. MORGAN STANLEY RAISES SALESFORCE PRICE TARGET TO $178 FROM $153: Morgan Stanley analyst Keith Weiss raised his price target for Salesforce (CRM) shares to $178 from $153 and maintained an Overweight rating. Weiss noted that unlocking data trapped in legacy systems via MuleSoft brings the company to the forefront of driving digital transformation for its customers and added that consensus expectations likely underestimate its growth potential as well as its improved track record in M&A. JEFFRIES SAYS "SIGNIFICANT SHAREHOLDER VALUE TO BE UNLOCKED" AT NIELSEN: Even following yesterday's 12% rally, there is "significant shareholder value to be unlocked" at Nielsen Holdings (NLSN), Jefferies analyst Surinder Thind told investors in a research note. Nielsen was also upgraded to Outperform from Neutral at Macquarie and to Equal Weight from Underweight at Barclays. Morgan Stanley analyst Toni Kaplan reiterated an Overweight rating and $26 price target on the stock. NOMURA RAISES PRICE TARGET AFTER SQUARE CASH APP SURPASSED PAYPAL'S VENMO IN JULY: Nomura Instinet analyst Dan Dolev raised his price target for Square (SQ) to $86 from $82 after his firm's July payments app tracker showed cumulative Square Cash App downloads surpassed PayPal's (PYPL) Venmo for the first time. SWITCH DOWNGRADED AT MULTIPLE FIRMS: Switch (SWCH) was downgraded to Market Perform from Outperform at Raymond James, to Neutral from Overweight at JPMorgan, and to Neutral from Buy at BTIG. Switch shares are down about 25% in morning trading.
08/14/18
08/14/18
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. Chubb (CB) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying the company's recent quarterly results show that Chubb, post-merger, is unable to grow its business at the levels of its peers. 2. Switch (SWCH) was downgraded to Market Perform from Outperform at Raymond James, to Neutral from Overweight at JPMorgan, and to Neutral from Buy at BTIG. 3. Urban Outfitters (URBN) downgraded to Neutral from Outperform at Baird with analyst Mark Altschwager citing valuation. 4. Premier (PINC) downgraded to Hold from Buy at Canaccord with analyst Richard Close citing its quarter-to-date outperformance. 5. Parker-Hannifin (PH) downgraded to Hold from Buy at Argus with analyst John Eade saying that while the company's recent Q4 results topped expectations, management's outlook for FY19 was worse than expected. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
EBAY eBay
$28.10

-0.86 (-2.97%)

11/14/18
BARD
11/14/18
NO CHANGE
Target $41
BARD
Outperform
eBay tracker shows continued volume pressure, says Baird
Baird analyst Colin Sebastian said his eBay tracker shows modest volume decline, which was similar to September trends. He said given management's updated strategic priorities and more cautious tone around marketplace growth, he anticipates growth trends will remain subdued. He expects Black Friday/Cyber Week promotions will drive a seasonal uplift in volume. Sebastian maintained his Outperform rating and $41 price target on eBay shares.
11/01/18
DADA
11/01/18
NO CHANGE
Target $40
DADA
Buy
eBay price target lowered to $40 from $50 at DA Davidson
DA Davidson analyst Tom Forte lowers his price target on eBay to $40 after its Q3 results and reflecting the management's outlook for slowing sales growth in FY19. The analyst keeps his Buy rating however, stating that eBay's valuation of over 10% free cash flow yield still marks a threshold that represents "tremendous value for Consumer Technology stocks". Forte adds that the management is likely to use its free cash flows to buy back "A LOT" of stock and possibly consider initiating a dividend which should attract a new class of investors.
10/31/18
KEYB
10/31/18
NO CHANGE
Target $43
KEYB
Overweight
eBay price target lowered to $43 from $50 at KeyBanc
KeyBanc analyst Edward Yruma lowered his price target for eBay to $43 from $50 on slower near-term trends. The analyst notes that the company's Q3 results were better than feared as management slows changes as sales fail to accelerate. Progress will take time, and reception to marketing has been mixed, he contends. In the interim, Yruma notes that advertising is looking increasingly attractive, and payments remains promising. The analyst reiterates an Overweight rating on the shares.
10/31/18
ADAM
10/31/18
NO CHANGE
Target $30
ADAM
Hold
eBay price target lowered to $30 from $40 at Canaccord
Canaccord analyst Michael Graham lowered his price target on eBay to $30 from $40 following mixed Q3 results. The analyst cited deceleration in GMV growth and also modestly better operating margins than he was expecting. Graham maintained his neutral stance on the shares given its moderate growth outlook and valuation. Graham maintained his Hold rating eBay shares.

TODAY'S FREE FLY STORIES

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NOVA

Sunnova Energy

$11.13

0.089 (0.81%)

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SPY

SPDR S&P 500 ETF Trust

$292.31

3.52 (1.22%)

, SPX

S&P 500

$0.00

(0.00%)

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SPY

SPDR S&P 500 ETF Trust

$292.31

3.52 (1.22%)

SPX

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$0.00

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KSS

Kohl's

$48.20

2.69 (5.91%)

, TJX

TJX

$51.55

0.13 (0.25%)

20:25
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Kohl's

$48.20

2.69 (5.91%)

TJX

TJX

$51.55

0.13 (0.25%)

MDT

Medtronic

$104.15

1.42 (1.38%)

HD

Home Depot

$207.98

4.335 (2.13%)

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BHP

BHP Group

$49.12

0.31 (0.64%)

19:32
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  • 19

    Aug

BHP

BHP Group

$49.12

0.31 (0.64%)

19:25
08/19/19
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Earnings
BHP Group reports FY19 Net profit up 124% at $8.31B »

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  • 19

    Aug

AAPL

Apple

$210.32

3.88 (1.88%)

19:09
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Periodicals
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ACN

Accenture

$195.19

2.005 (1.04%)

19:04
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Accenture acquires Parker Fitzgerald, terms not disclosed »

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  • 26

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BIDU

Baidu

$104.28

7.63 (7.89%)

, NBRV

Nabriva Therapeutics

$2.21

-0.06 (-2.64%)

18:47
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BIDU

Baidu

$104.28

7.63 (7.89%)

NBRV

Nabriva Therapeutics

$2.21

-0.06 (-2.64%)

MRNA

Moderna

$13.41

0.235 (1.78%)

VSLR

Vivint Solar

$8.30

0.3 (3.75%)

FN

Fabrinet

$56.40

0.77 (1.38%)

IQ

iQIYI

$18.10

1.02 (5.97%)

MRUS

Merus

$18.46

1.75 (10.47%)

SRPT

Sarepta

$120.16

-4.81 (-3.85%)

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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ET

Energy Transfer LP

$13.77

0.3 (2.23%)

18:40
08/19/19
08/19
18:40
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18:40
Periodicals
Energy Transfer LP performing maintenance on WTG pipeline, Reuters says »

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AAPL

Apple

$210.32

3.88 (1.88%)

, SNE

Sony

$55.71

-0.01 (-0.02%)

18:20
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08/19
18:20
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18:20
Periodicals
Apple allocates over $6B for original TV shows and movies, FT says »

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AAPL

Apple

$210.32

3.88 (1.88%)

SNE

Sony

$55.71

-0.01 (-0.02%)

NFLX

Netflix

$309.40

6.66 (2.20%)

DIS

Disney

$135.33

0.14 (0.10%)

T

AT&T

$35.40

0.42 (1.20%)

CBS

CBS

$44.21

0.38 (0.87%)

03/08/13
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03/06/13
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03/06/13
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  • 20

    Aug

  • 05

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  • 23

    Sep

  • 23

    Oct

LGIH

LGI Homes

$78.56

3.36 (4.47%)

18:01
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LGI Homes opens two new communities in greater Seattle market »

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AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

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Hot Stocks
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  • 27

    Oct

WMT

Walmart

$113.76

0.77 (0.68%)

18:00
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  • 15

    Sep

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X

U.S. Steel

$12.42

1.13 (10.01%)

17:58
08/19/19
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17:58
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Periodicals
U.S. Steel to lay off hundreds of workers at Great Lakes plant, Reuters says »

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  • 23

    Sep

SRPT

Sarepta

$120.16

-4.81 (-3.85%)

17:53
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08/19
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Hot Stocks
Breaking Hot Stocks news story on Sarepta »

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  • 19

    Aug

SRPT

Sarepta

$120.16

-4.81 (-3.85%)

17:52
08/19/19
08/19
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  • 19

    Aug

BSX

Boston Scientific

$42.74

0.59 (1.40%)

17:41
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08/19
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  • 04

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AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

, GOOG

Alphabet

$1,198.01

21.07 (1.79%)

17:35
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AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

GOOG

Alphabet

$1,198.01

21.07 (1.79%)

GOOGL

Alphabet Class A

$1,199.94

21.25 (1.80%)

FB

Facebook

$186.22

2.8 (1.53%)

MSFT

Microsoft

$138.43

2.3 (1.69%)

AAPL

Apple

$210.32

3.88 (1.88%)

03/08/13
Wedge Partners
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03/06/13
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  • 04

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FB

Facebook

$186.22

2.8 (1.53%)

17:31
08/19/19
08/19
17:31
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17:31
Periodicals
FTC head says breaking up Facebook could be complicated, FT reports »

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  • 15

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MPW

Medical Properties Trust

$18.28

0.13 (0.72%)

17:28
08/19/19
08/19
17:28
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17:28
Hot Stocks
Medical Properties Trust COO sells 100K shares of common stock »

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  • 19

    Sep

WMT

Walmart

$113.76

0.77 (0.68%)

17:17
08/19/19
08/19
17:17
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17:17
Periodicals
Walmart's U.S. Chief Marketing Officer Barbara Messing is leaving, AdAge says »

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    Nov

MAXR

Maxar Technologies

$6.49

0.185 (2.93%)

17:12
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08/19
17:12
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17:12
Hot Stocks
Maxar Technologies' MDA awarded Canadian Space Agency contract »

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RCI

Rogers Communications

$51.30

0.21 (0.41%)

17:06
08/19/19
08/19
17:06
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17:06
Hot Stocks
Rogers 'disappointed' by CRTC decision on broadband wholesale rates »

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