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OI

Owens-Illinois

$17.62

0.86 (5.13%)

, RL

Ralph Lauren

$125.70

4.26 (3.51%)

09:55
11/14/18
11/14
09:55
11/14/18
09:55

Early notable gainers among liquid option names on November 14th

Notable gainers among liquid option names this morning include Owens-Illinois (OI) $17.83 +1.07, Ralph Lauren (RL) $126.51 +5.07, Murphy Oil (MUR) $31.12 +1.25, HanesBrands (HBI) $16.44 +0.64, and Michael Kors (KORS) $50.02 +1.80.

OI

Owens-Illinois

$17.62

0.86 (5.13%)

RL

Ralph Lauren

$125.70

4.26 (3.51%)

MUR

Murphy Oil

$31.10

1.23 (4.12%)

HBI

Hanesbrands

$16.41

0.62 (3.93%)

KORS

Michael Kors

$49.64

1.41 (2.92%)

  • 14

    Nov

OI Owens-Illinois
$17.62

0.86 (5.13%)

11/12/18
FBCO
11/12/18
NO CHANGE
Target $24
FBCO
Outperform
Owens-Illinois price target lowered to $24 from $32 at Credit Suisse
Credit Suisse analyst Lars Kjellberg lowered his price target for Owens-Illinois to $24 from $32 as FX tailwinds have shifted to headwinds and the stability in production he has come to expect under the new leadership has not quite been delivered. The analyst reiterates an Outperform rating on the shares.
11/09/18
BOFA
11/09/18
UPGRADE
Target $22
BOFA
Buy
Owens-Illinois, Crown Holdings upgraded to Buy at BofA/Merrill
As reported earlier, BofA/Merrill analyst George Staphos upgraded Owens-Illinois (OI) and Crown Holdings (CCK) to Buy from Neutral, raising their respective price target to $62 from $58 and to $22 from $20 as part of his broader research note on Packaging names. The analyst notes that the former should benefit from easier comparisons and various one-offs in 2018, while the latter should "get a boost from annualizing Signode, rebounding from '18's freight issues in the Americas and easier comps in Europe". Staphos adds that investors may turn to more value-oriented names after the elections, as the gridlock in U.S. Congress will likely produce a slower rate of growth and a weaker US dollar.
11/09/18
BOFA
11/09/18
UPGRADE
BOFA
Buy
Owens-Illinois upgraded to Buy from Neutral at BofA/Merrill
05/04/18
BOFA
05/04/18
NO CHANGE
BOFA
Jeld-Wen, Owens-Illinois removed from Endeavor List at BofA/Merrill
RL Ralph Lauren
$125.70

4.26 (3.51%)

10/29/18
10/29/18
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. Apple (AAPL) initiated with a Buy at Jefferies. 2. Ralph Lauren (RL) initiated with a Buy at Deutsche Bank. 3. Guardant Health (GH) initiated with an Outperform at Cowen and William Blair, an Overweight at JPMorgan, and a Neutral at BofA/Merrill. 4. Kodiak Sciences (KOD) initiated with a Buy at BofA/Merrill, as well as an Overweight at Barclays and Morgan Stanley. 5. Proteostasis (PTI) initiated with an Overweight at Piper Jaffray. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/07/18
UBSW
11/07/18
NO CHANGE
Target $112
UBSW
Sell
Ralph Lauren expectations still look too high, says UBS
UBS analyst Jay Sole views Ralph Lauren as a turnaround stock, but he believes the company lacks the core brand strength needed to achieve the Street's targets. The analyst said comps get tougher in 2020, which he believes will lead to downward earnings revisions. Sole reiterated his Sell rating and $112 price target on Ralph Lauren shares.
11/06/18
JPMS
11/06/18
NO CHANGE
JPMS
Ralph Lauren weakness a buying opportunity, says JPMorgan
10/29/18
DBAB
10/29/18
INITIATION
Target $149
DBAB
Buy
Ralph Lauren initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Paul Trussell started Ralph Lauren with a Buy rating and $149 price target. The analyst believes the brand's turnaround is in the early stages and views current share levels as proving a favorable entry point.
MUR Murphy Oil
$31.10

1.23 (4.12%)

10/19/18
MZHO
10/19/18
UPGRADE
Target $41
MZHO
Neutral
Murphy Oil upgraded to Neutral from Underperform at Mizuho
Mizuho analyst Paul Sankey upgraded Murphy Oil (MUR) to Neutral while lowering his price target for the shares to $41 from $42. The Gulf of Mexico joint venture with Petrobras (PBR) is "nicely accretive" and affords Murphy "optionality," Sankey tells investors in a research note. He continues to have concerns about "unconventional inventory running room," but thinks these issues are now more addressable than before.
10/11/18
NASC
10/11/18
UPGRADE
NASC
Buy
Murphy Oil upgraded to Buy from Hold at National Alliance
09/27/18
PIPR
09/27/18
INITIATION
PIPR
Neutral
Murphy Oil assumed with a Neutral at Piper Jaffray
Piper Jaffray analyst Ryan Todd assumed coverage of Murphy Oil with an Neutral rating and a $35 price target.
07/24/18
MZHO
07/24/18
INITIATION
Target $173
MZHO
Buy
Mizuho names 'Apple of oil' EOG top pick in Oil & Gas sector
Mizuho analyst Paul Sankey last night initiated 10 names in the Global Oil & Gas group with five buys, four neutrals and one underperform. He also maintained a Buy rating on Occidental Petroleum (OXY) and Neutral rating on ConocoPhillips (COP). The analyst put Buy ratings on EOG Resources (EOG), his top pick in the group, Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), Noble Energy (NBL) and Suncor (SU). Sankey calls EOG the Apple (AAPL) of oil. The company has been a pioneer in unconventional oil development in the U.S. and its technology-driven, innovation-focused approach will continue to drive peer-leading rates of return and oil growth, the analyst contends. He put Neutral ratings on Devon Energy (DVN), Hess Corp. (HES), Marathon Oil (MRO) and Apache (APA). Lastly, Sankey initiated Murphy Oil (MUR) with an Underperform rating and $36 price target. While the stock trades well below peers on both mid-cycle free cash and discount to net asset value, there is not enough potential upside to justify a Neutral at this point, Sankey told investors in a research note.
HBI Hanesbrands
$16.41

0.62 (3.93%)

08/02/18
LEHM
08/02/18
DOWNGRADE
Target $19
LEHM
Equal Weight
Hanesbrands downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Chethan Mallela downgraded Hanesbrands to Equal Weight and lowered his price target for the shares to $19 from $22. The analyst sees a lack of visibility into the second half of the year following the company's Q2 results.
08/02/18
08/02/18
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. Hanesbrands (HBI) downgraded to Equal Weight from Overweight at Barclays with analyst Chethan Mallela saying he sees a lack of visibility into the second half of the year following the company's Q2 results. 2. Royal Dutch Shell (RDS.A) downgraded to Equal Weight from Overweight at Morgan Stanley. 3. Verisk Analytics (VRSK) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Arash Soleimani citing valuation. 4. People's Utah Bancorp (PUB) downgraded to Market Perform at Raymond James with analyst David Long citing valuation. 5. Wendy's (WEN) downgraded to Neutral ahead of Q2 report at Kalinowski with analyst Mark Kalinowski saying his checks indicate July same-store-sales are trending below the +1.5% level and were the worst checks since February 2012. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/02/18
08/02/18
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. OPCO UPGRADES TESLA TO OUTPERFORM: Oppenheimer analyst Colin Rusch upgraded Tesla (TSLA) to Outperform from Perform with a price target of $385 following Wednesday night's Q2 results. Gross margin performance on the Model 3 will carry the stock over the next 12-plus months, Rusch said. With higher volumes and slower spending, Tesla has "reached a critical inflection point in its development," the analyst added. He noted that despite some recent price pressure, Model S and X average selling prices have remained at relatively elevated levels. Rusch said he would not be surprised to see a similar scenario play out for the Model 3. SUNTRUST STARTS MAGNOLIA WITH A BUY: SunTrust analyst Neal Dingmann initiated Magnolia Oil & Gas (MGY) with a Buy rating and a price target of $18. The analyst noted that the company is a "unique E&P" with top-tier assets in the Eagle Ford and low leverage on its balance sheet. Dingmann is also positive on Magnolia's strong free cash flow and experience in transactions management. MORGAN STANLEY SAYS FERRARI SELLOFF A BUYING OPPORTUNITY: Morgan Stanley analyst Adam Jonas upgraded Ferrari (RACE) to Equal Weight from Underweight, stating that the stock's 10% selloff presents an opportunity to increase exposure with the stock now reflecting a more balanced assessment of the risks to the 2022 EUR2B EBITDA target. He raised his price target on Ferrari shares to $120 from $110. BARCLAYS CUTS HANESBRANDS: Barclays analyst Chethan Mallela downgraded Hanesbrands (HBI) to Equal Weight and lowered his price target for the shares to $19 from $22. The analyst sees a lack of visibility into the second half of the year following the company's Q2 results. WENDY'S CUT TO NEUTRAL: Kalinowski Equity Research analyst Mark Kalinowski downgraded Wendy's to Neutral from Buy ahead of the Q2 report on August 7. Kalinowski' checks indicate July same-store sales growth is trending below the 1.5% level and were the worst checks since February 2012. As a result, the analyst lowered his Q3 system-wide North American same-store sales growth forecast to a new consensus low of 1.5 from 2.5%. Kalinowski believes McDonald's (MCD) and Burger King, owned by Restaurant Brands (QSR), could become more "assertive" on promotions and discounting, making it difficult for Wendy's to right the ship.
10/23/18
STPT
10/23/18
INITIATION
Target $20
STPT
Buy
Hanesbrands initiated with a Buy at Standpoint Research
Standpoint Research analyst Ronnie Moas initiated Hanesbrands with a Buy and $20 price target.
KORS Michael Kors
$49.64

1.41 (2.92%)

11/13/18
MKMP
11/13/18
NO CHANGE
Target $52
MKMP
Neutral
Michael Kors price target lowered to $52 from $74 at MKM Partners
MKM Partners analyst Roxanne Meyer lowered her price target on Michael Kors to $52 and kept her Neutral rating after its in-line Q2 revenue and lower than expected Q3 earnings. The analyst adds that the Q2 earnings beat came from the reduced SG&A spending as well as the lower tax rate and that the company's Americas comps and retail gross margins fell short of expectations. Meyer further contends that while she was pleased by the strength in footwear, RTW, and men's segments, along with double-digit gains in mainland China, it was not enough to offset softness in handbags and accessories which she expects to be an overhang for the shares.
11/12/18
MACQ
11/12/18
INITIATION
Target $75
MACQ
Outperform
Michael Kors initiated with an Outperform at Macquarie
Target $75.
11/12/18
11/12/18
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. Starbucks (SBUX) upgraded to Buy from Hold at Argus with analyst John Staszak citing his expectations of "continued revenue growth and new store openings" for the company, forecasting 14% EPS growth and 15% in total returns over the next several years. 2. L Brands (LB) upgraded to Outperform from Market Perform at Wells Fargo with analyst Ike Boruchow saying while he is not calling for an imminent inflection in the business, he now sees L Brands as the next retail turnaround story poised for positive shift in the "narrative" as the company appears set to begin embracing change with an "all options on the table" mentality. 3. Armstrong World (AWI) upgraded to Neutral from Underperform at BofA/Merrill with analyst John Lovallo saying Armstrong World deserves a higher multiple following the spin-off of Armstrong Flooring in April 2016 and is positive on the company's capital deployment strategy including buybacks, a recently initiated dividend, and tuck-in M&A. 4. Michael Kors (KORS) upgraded to Market Perform from Underperform at Bernstein with analyst Jamie Merriman citing valuation. 5. Crocs (CROX) upgraded to Neutral from Negative at Susquehanna. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/12/18
11/12/18
UPGRADE

Market Perform
Michael Kors upgraded to Market Perform on valuation at Bernstein
As previously reported, Bernstein analyst Jamie Merriman upgraded Michael Kors to Market Perform from Underperform given a more balanced risk reward profile at current valuation levels. On a fundamental basis, his key concerns regarding the core Michael Kors brand remain, as the brand turnaround remains elusive and as the margin recovery in retail has been difficult to maintain. Comps on a constant currency basis continue to decline, he contends. Without the acquisitions, the analyst expects flat to LSD growth in the Retail and Wholesale segments for the core Kors brand, while the Licensing segment should continue to decline. On the margin front, Merriman notes that management had successfully pulled back on promotions for four quarters, resulting in higher Retail margins, but this has proved short lived.

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RELX

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PG

Procter & Gamble

$94.87

4.37 (4.83%)

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$126.94

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Church & Dwight

$65.45

-0.7 (-1.06%)

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USAP

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$14.62

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Xilinx

$89.55

-0.89 (-0.98%)

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CNOB

ConnectOne Bancorp

$20.08

-0.19 (-0.94%)

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American Electric

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American Electric

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Bridgewater Bancshares

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CLDC

China Lending Corp.

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Rogers Communications

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Curis

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