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NLSN

Nielsen

$26.65

0.11 (0.41%)

, CI

Cigna

$213.61

0.61 (0.29%)

10:40
11/14/18
11/14
10:40
11/14/18
10:40

Omega enters Nielsen, exits Synchrony and PayPal in Q3

Leon Cooperman's Omega Advisors disclosed in a regulatory filing its holdings as of September 30, 2018. Omega made 3 new buys during the first quarter, including, by size of position, Nielsen Holdings (NLSN), Cigna (CI) and Mr Cooper (COOP). The fund exited 38 positions during the quarter, including by size of previous position, AerCap (AER) Synchrony Financial (SYF), Humana (HUM) and PayPal (PYPL). Omega increased its stake in 6 holdings, including by size, Magnolia Oil & Gas (MGY), Sinclair Broadcast Group (SBGI), Keane Group (FRAC) and Brunswick (BC). The fund reduced its stake in 33 holdings, including Hess (HES), First Data (FDC), Adobe (ADBE), Facebook (FB) and Alphabet (GOOGL). Omega's top holdings as of September 30, in order of size, were United Continental (UAL), AMC Networks (AMCX), Alphabet Class A, First Data and Microsoft (MSFT).

NLSN

Nielsen

$26.65

0.11 (0.41%)

CI

Cigna

$213.61

0.61 (0.29%)

COOP

Mr. Cooper

$14.86

0.23 (1.57%)

AER

AerCap

$52.47

0.56 (1.08%)

SYF

Synchrony

$27.46

-0.19 (-0.69%)

HUM

Humana

$332.93

-1.14 (-0.34%)

PYPL

PayPal

$84.10

0.31 (0.37%)

MGY

Magnolia Oil & Gas

$12.12

0.18 (1.51%)

SBGI

Sinclair Broadcast

$31.51

0.14 (0.45%)

FRAC

Keane Group

$11.57

0.085 (0.74%)

BC

Brunswick

$53.02

0.39 (0.74%)

HES

Hess Corp.

$56.99

1.02 (1.82%)

FDC

First Data

$18.06

0.05 (0.28%)

ADBE

Adobe

$237.44

-1.41 (-0.59%)

FB

Facebook

$142.84

0.65 (0.46%)

GOOGL

Alphabet Class A

$1,047.93

-0.61 (-0.06%)

UAL

United Continental

$93.00

0.4 (0.43%)

AMCX

AMC Networks

$60.56

0.82 (1.37%)

MSFT

Microsoft

$106.00

-0.47 (-0.44%)

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NLSN Nielsen
$26.65

0.11 (0.41%)

08/23/18
08/23/18
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. Target (TGT) upgraded to Outperform from Market Perform at Telsey Advisory. 2. Deckers Brands (DECK) upgraded to Neutral from Negative at Susquehanna with analyst Sam Poser saying wholesale accounts are more positive than just a few months ago following checks with both large and small retailers. 3. Nielsen (NLSN) upgraded to Neutral from Sell at Goldman Sachs with analyst George Tong saying with activist Elliott Management pushing for a sale and increased deal activity in the Information Services sector, he sees increased likelihood of Nielsen being involved in a transaction. 4. Finisar (FNSR) upgraded to Overweight from Neutral at Piper Jaffray with analyst Troy Jensen saying China demand is returning via Huawei and ZTE (ZTCOY), Finisar is facing easy comps following five quarters of depressed demand and the upcoming 400G cycle should provide a tailwind in 2019. 5. Coca-Cola Amatil (CCLAY) upgraded to Equal Weight from Underweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/29/18
PIPR
08/29/18
NO CHANGE
PIPR
Piper calls IHS Markit, S&P Global top picks in Information Services
Piper Jaffray analyst Peter Appert calls IHS Markit (IHS) and S&P Global (SPGI) his top picks in the Information Services sector. Dun & Bradstreet's (DNB) pending sale to a private equity group and Nielsen's (NLSN) strategic review refocuses investor attention on M&A activity in the sector, Appert tells investors in a research note. He says that while "rich" transaction values provide an "intriguing valuation backstop for the group," he continues to focus on operating fundamentals as the key driver of stock performance.
08/23/18
08/23/18
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. ROSENBLATT BOOSTS AMD PRICE TARGET TO STREET HIGH: Rosenblatt analyst Hans Mosesmann raised his price target for AMD (AMD) shares to $30 from $27. Mosesmann's new price target represents the high among Wall Street sell-side analysts. Following the meetings, Mosesmann has renewed conviction in AMD's multi-year double digit growth profile. Further, he's impressed by the analysis investors are doing in the name after years of disregard. AMD is up 4.1% in late morning trading. CANTOR CUTS AETNA TO NEUTRAL: Cantor Fitzgerald analyst Steven Halper downgraded Aetna (AET) to Neutral from Overweight with a price target of $202. The stock now trades at just a 4.6% discount to the implied CVS Health (CVS) acquisition value of about $207 per share, Halper said. He believes the narrowed deal spread reflects an increased likelihood of regulatory approval. Halper cites limited potential upside for his downgrade of Aetna to Neutral. NIELSEN UPGRADED TO NEUTRAL AT GOLDMAN: Goldman Sachs analyst George Tong upgraded Nielsen Holdings (NLSN) to Neutral and raised his price target for the shares to $25 from $20. With activist Elliott Management pushing for a sale and increased deal activity in the Information Services sector, Tong sees increased likelihood of Nielsen being involved in a transaction. His upgrade to Neutral and price target increase come after the analyst incorporated a potential takeover into his model. Nielsen is up 3.3% in late morning trading. IMPERIAL SEES SUBSCRIBER UPSIDE FOR NETFLIX: Imperial Capital analyst David Miller believes Netflix's (NFLX) experiment with ending billing through Apple's (AAPL) app store in 33 countries outside the U.S. likely implies upside to its Q3 international subscriber guidance. The analyst said he has a tough time believing that Netflix would "experiment" with billing infrastructure mid-quarter if it did not believe that its international subscriber levels were trending ahead of guidance. As such, Miller raised his Q3 international subscriber estimate to 4.46M from 4.35M. He kept an Outperform rating on Netflix with a $494 price target. TARGET GETS UPGRADE AND DOWNGRADE: Target (TGT) was upgraded to Outperform from Market Perform at Telsey Advisory, and downgraded to Peer Perform from Outperform at Wolfe Research.
08/23/18
GSCO
08/23/18
UPGRADE
Target $25
GSCO
Neutral
Nielsen upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst George Tong upgraded Nielsen Holdings to Neutral and raised his price target for the shares to $25 from $20. With activist Elliott Management pushing for a sale and increased deal activity in the Information Services sector, Tong sees increased likelihood of Nielsen being involved in a transaction. His upgrade to Neutral and price target increase come after the analyst incorporated a potential takeover into his model.
CI Cigna
$213.61

0.61 (0.29%)

10/12/18
JEFF
10/12/18
DOWNGRADE
JEFF
Hold
Molina Healthcare downgraded to Hold on valuation at Jefferies
Jefferies analyst David Windley downgraded Molina Healthcare (MOH) to Hold with an unchanged price target of $152. The downgrade is based mostly on valuation as the company has pulled forward "significant earnings power faster than expected" and appreciated 80% year-to-date, Windley tells investors in a research note. The analyst, however, remains constructive on Managed Care fundamentals with a bias to own diversified insurers. He likes we like UnitedHealth's (UNH) Q4 set-up and also believe Cigna's (CI) multiple can expand.
11/01/18
LEER
11/01/18
NO CHANGE
Target $100
LEER
Market Perform
Express Scripts price target raised to $100 from $95 at Leerink
Leerink analyst David Larsen raised his price target for Express Scripts (ESRX) to $100 from $95 after the company reported "good" Q3 results. Following shareholder and DOJ approval on 9/17 for the pending merger with Cigna (CI), the analyst remains confident the deal will close, especially given this quarter's results. The companies continue to believe the deal will be completed by December 31, 2018, he notes. Larsen reiterates a Market Perform rating on Express Scripts' shares.
11/01/18
RBCM
11/01/18
NO CHANGE
Target $101
RBCM
Outperform
Express Scripts price target raised to $101 from $94 at RBC Capital
RBC Capital analyst George Hill raised his price target on Express Scripts (ESRX) to $101 and kept his Outperform rating after the company posted a "solid" Q3. The analyst notes that investors continue to focus on the company's merger with Cigna (CI) after the combination received a DoJ approval, adding that the price target revision was also set to reflect the current Cigna stock price.
10/03/18
10/03/18
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. HSBC CUTS NIKE TO HOLD: HSBC analyst Erwan Rambourg downgraded Nike (NKE) to Hold from Buy and kept his $92 price target on shares. The analyst noted that while the company's Q1 results were strong and the outlook "remains rock solid", the company's valuation multiple of 30-times forward earnings may weigh on the stock. EVERCORE CUTS ORACLE TO IN LINE: Evercore ISI analyst Kirk Materne downgraded Oracle (ORCL) to In Line from Outperform with a price target of $53 to reflect the update of his model into FY20. The analyst noted that even though growth is expected to accelerate modestly in the second half of this year, there are not enough catalysts for share to "meaningfully re-rate" from current levels, adding that the risk-reward appears balanced following this summer's rally. CIGNA BOOSTED TO CONVICTION BUY AT GOLDMAN: Goldman Sachs analyst Stephen Tanal added Buy-rated Cigna (CI) to his firm's Conviction List and raised his price target for the shares to $250 from $227. After revisiting the company's fundamental story, the analyst continues to believe Cigna is well positioned to take share of the U.S. commercial market. He believes fundamentals support a higher standalone multiple. CREDIT SUISSE DOWNGRADES HI-CRUSH, COVIA: Credit Suisse analyst Jim Wicklund downgraded Hi-Crush Partners (HCLP) to Neutral from Outperform and Covia (CVIA) to Underperform from Neutral. The analyst noted that the weakness that has rippled through the frack sand subsector since August came sooner than he expected. The ferocity of price competition, based on commentary from the sand companies in addition to their OFS and E&P customers, is also greater than he had expected, he added. In late morning trading, Hi-Crush was down almost 2%, while Covia was down just over 4%. GOLDMAN RAISES ALIBABA'S PRICE TARGET: Goldman Sachs analyst Piyush Mubayi reiterated a Buy rating on Alibaba (BABA) and raised his price target to $247 from $241. The analyst predicts strong growth in the cloud computing and financial businesses for the company, and expects Alibaba to continue to invest for future growth on "multiple fronts," including retailing, digital advertising and entertainment, which he believes will be a total addressable market of about RMB80T by the end of 2020.
COOP Mr. Cooper
$14.86

0.23 (1.57%)

10/17/18
WEDB
10/17/18
NO CHANGE
Target $22.8
WEDB
Outperform
Mr. Cooper price target raised to $22.80 from $1.90 at Wedbush
Wedbush analyst Henry Coffey raised his price target for Mr. Cooper to $22.80 from $1.90 to reflect the recent 1:12 reverse split. The analyst reiterates an Outperform rating on the shares.
10/30/18
PIPR
10/30/18
UPGRADE
Target $15.5
PIPR
Neutral
Mr. Cooper upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Kevin Barker upgraded Mr. Cooper to Neutral and raised his price target for the shares to $15.50 from $15. The analyst views the risk/reward as more balanced with the shares trading at 0.8 times economic tangible book value.
11/09/18
LEHM
11/09/18
UPGRADE
Target $18
LEHM
Equal Weight
Mr. Cooper upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Mark Devries upgraded Mr. Cooper to Equal Weight and raised his price target for the shares to $18 from $17. The analyst sees an improved risk/reward following the company's Q3 results and potential upside from the acquisition of Pacific Union Financial.
AER AerCap
$52.47

0.56 (1.08%)

03/14/18
MACQ
03/14/18
INITIATION
Target $62
MACQ
Outperform
AerCap initiated with an Outperform entering growth phase, says Macquarie
Macquarie analyst Susan Donofrio initiated AerCap with an Outperform and $62 price target. Donofrio believes the company is entering a new growth phase, with scale and relationships that give it a competitive advantage, and will maintain a share-holder friendly capital allocation strategy.
07/31/18
SPHN
07/31/18
DOWNGRADE
SPHN
Equal Weight
AerCap downgraded to Equal Weight from Overweight at Stephens
07/31/18
07/31/18
DOWNGRADE
Target $64

Equal Weight
AerCap downgraded to Equal Weight after outperformance at Stephens
As previously reported, Stephens analyst Vincent Caintic downgraded AerCap (AER) to Equal Weight from Overweight, noting that the stock has outperformed both Air Lease (AL) and Aircastle (AYR) year-to-date. Caintic is finding it more difficult for AerCap to show core EPS growth without "lofty assumptions" and prefers Aer Lease, which he thinks can continue with double-digit EPS growth year-over-year. He maintains a $64 price target on AerCap shares.
03/13/18
MACQ
03/13/18
INITIATION
Target $62
MACQ
Outperform
AerCap initiated with an Outperform at Macquarie
Macquarie initiated AerCap with an Outperform and $62 price target.
SYF Synchrony
$27.46

-0.19 (-0.69%)

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.
11/02/18
SPHN
11/02/18
DOWNGRADE
Target $26
SPHN
Underweight
Synchrony downgraded to Underweight from Equal Weight at Stephens
Stephens analyst Vincent Caintic downgraded Synchrony (SYF) to Underweight from Equal Weight, citing the negative implications he sees from the lawsuit against the company from Walmart (WMT). Beyond the potential for over $800M in damages, the suit implies the Sam's Club account is lost, the Amazon (AMZN) account is "in jeopardy," and other retailers can be expected to "take a hard look" at their own relationships with Synchrony, Caintic believes. He lowered his price target on Synchrony shares to $26 from $32.
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.
HUM Humana
$332.93

-1.14 (-0.34%)

11/08/18
FBCO
11/08/18
NO CHANGE
Target $390
FBCO
Outperform
Humana price target raised to $390 from $370 at Credit Suisse
Credit Suisse analyst A.J. Rice raised his price target for Humana to $390 from $370 following quarterly results. The analyst reiterates an Outperform rating on the shares.
11/08/18
JEFF
11/08/18
NO CHANGE
Target $410
JEFF
Buy
Humana price target raised to $410 from $388 at Jefferies
Jefferies analyst David Windley raised his price target for Humana to $410 saying he's encouraged by the company's "solid" Q3 results. The analyst keeps a Buy rating on the shares.
10/11/18
SPHN
10/11/18
NO CHANGE
SPHN
Stephens says home health final rule looking like draft would weigh on providers
Stephens analyst Dana Hambly said he expects the final rule for home health reimbursement to be released by CMS in the first week of November. He is concerned that if the final rule looks similar to the draft rule, particularly regarding behavioral assumptions, it would weigh on home health stocks. For-profit, urban providers with higher percentages of therapy visits are estimated to take the largest cuts under a Patient Driven Groupings Model for reimbursement, said Hambly, who sees the impact being largest for Brookdale Senior Living (BKD) and Humana's (HUM) Kindred at Home. Others that may be impacted include Amedisys (AMED), Encompass Health (EHC), Ensign Group (ENSG) and LHC Group (LHCG).
11/08/18
OPCO
11/08/18
NO CHANGE
Target $373
OPCO
Outperform
Humana price target raised to $373 from $350 at Oppenheimer
Oppenheimer analyst Michael Wiederhorn raised his price target for Humana to $373 from $350 after the company produced another quarter of "strong" results and provided a bullish outlook into 2019. Given the company is most leveraged to the high-growth Medicare Advantage business, the analyst remains bullish on the stock for long-term investors. He reiterates an Outperform rating on the shares.
PYPL PayPal
$84.10

0.31 (0.37%)

10/23/18
RHCO
10/23/18
NO CHANGE
Target $32
RHCO
Hold
eBay price target lowered to $32 from $38 at SunTrust
SunTrust analyst Youssel Squali lowered his price target on eBay (EBAY) to $32 and kept his Hold rating ahead of its Q3 earnings, saying his estimates are now below consensus in terms of the expected PayPal (PYPL) gross merchandise volume growth deceleration. The analyst adds that the mid-to-high end of the company's current FY18 guidance implies Marketplace GMV acceleration in the second half of 2018, which may be "hard to achieve", while also citing the findings of his "proprietary tracking of promotional cadence".
10/23/18
RBCM
10/23/18
DOWNGRADE
Target $34
RBCM
Sector Perform
eBay downgraded to Sector Perform at RBC Capital on negative PayPal disclosures
As reported earlier, RBC Capital analyst Mark Mahaney downgraded eBay (EBAY) to Sector Perform from Outperform and lowered his price target to $34 from $47. The analyst cites the disclosures by PayPal (PYPL) on its Q3 earnings call last week that its eBay Marketplaces Total Payment Volume growth decelerated to 3.4% from 5.7% in Q2 and from 8% in FY17. Mahaney adds that PayPal also anticipates that softness to persist and also expects eBay's transition to intermediate payments through the Adyen partnership to be "slower than anticipated".
10/22/18
BMOC
10/22/18
NO CHANGE
Target $119
BMOC
Outperform
PayPal price target raised to $119 from $112 at BMO Capital
BMO Capital analyst James Fotheringham raises his price target on PayPal to $119 and kept his Outperform rating after its Q3 core earnings beat that was driven by "higher expected revenues from value-added services and lower transaction expenses. The analyst notes that the stock offers an "exciting investment opportunity" supported by "strong" fundamental results, having come off some 15% since its summer highs. Fotheringham further states that PayPal's "business model is best in class with respect to revenue growth surprise potential, due to its potential growth by acquisition, exposure to fast- growing international markets, and deep penetration of e-commerce payment flows".
10/22/18
SBSH
10/22/18
NO CHANGE
Target $40
SBSH
Buy
eBay could attract private equity at current valuation, says Citi
Citi analyst Mark May lowered his price target for eBay (EBAY) to $40 from $50 following PayPal's (PYPL) Q3 results but keeps a Buy rating on the name. PayPal's earnings report suggests that the third-party datapoints and buy-side expectations for a Q3 miss at eBay may be accurate, May tells investors in a research note titled "At 8x Adj. P/E, Too Cheap to End the Auction Now." However, even at 3% currency-neutral eBay Marketplace growth, the company can still meet the low-end of its revenue growth guidance of 5%-7%, May contends. He points out that when discounting back the new payment earnings stream and backing out $7B in excess cash, eBay is trading at a price-to-ratings ratio of eight times. "Deep value investors with longer time horizons should pay attention, in our view, and we would not be surprised if private equity and other opportunistic investors surface," May writes.
MGY Magnolia Oil & Gas
$12.12

0.18 (1.51%)

10/25/18
MUFG
10/25/18
INITIATION
Target $19.5
MUFG
Overweight
Magnolia Oil & Gas initiated with an Overweight at MUFG
MUFG analyst Michael McAllister started Magnolia Oil & Gas with an Overweight rating and $19.50 price target. The company's business model, portfolio of assets and leadership "should be considered top-tier based on numerous metrics," McAllister tells investors in a research note. He believes the company's Karnes County position should supply initial free cash flow needs, while a large Giddings position "should provide meaningful upside."
08/22/18
IMPC
08/22/18
NO CHANGE
Target $18
IMPC
Outperform
Magnolia Oil & Gas price target raised to $18 from $16 at Imperial Capital
Imperial Capital analyst Irene Haas raised her price target for Magnolia Oil & Gas to $18 and keeps an Outperform rating on the shares. The analyst views the company's $191M bolt-on acquisition in the South Texas Eagle Ford trend as a positive move. The South Texas acquisition "fits like a glove," Haas tells investors in a research note.
10/25/18
10/25/18
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. Seadrill (SDRL) initiated with a Buy at BTIG. 2. Resideo (REZI) initiated with an Outperform at Oppenheimer. 3. Magnolia Oil & Gas (MGY) initiated with an Overweight at MUFG. 4. Athenex (ATNX) initiated with a Buy at Ladenburg. 5. Zumiez (ZUMZ) initiated with a Buy at Jefferies. This list is just a portion of The Fly's 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.
SBGI Sinclair Broadcast
$31.51

0.14 (0.45%)

09/06/18
RILY
09/06/18
DOWNGRADE
Target $33
RILY
Neutral
B. Riley FBR sees Sinclair in 'penalty box with sellers,' downgrades to Neutral
B. Riley FBR analyst Barton Crockett downgraded Sinclair Broadcast (SBGI) to Neutral from Buy and lowered his price target for the shares to $33 from $36. The $1B share buyback following the collapse of the Tribune Media (TRCO) deal is offset by Sinclair "being in a penalty box with sellers," Crockett tells investors in a research note. He believes the company is unlikely to participate in an "attractive wave of mergers sweeping the TV station group." Further, the analyst also sees some risk that Tribune prevails in its $1B lawsuit against Sinclair over the failed merger.
09/06/18
RILY
09/06/18
DOWNGRADE
Target $33
RILY
Neutral
Sinclair Broadcast downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Barton Crockett downgraded Sinclair Broadcast (SBGI) to Neutral and lowered his price target for the shares to $33 from $36. The analyst also raised his price target for Buy-rated Nexstar Media Group (NXST) to $92 from $87.
09/26/18
JPMS
09/26/18
INITIATION
Target $32
JPMS
Neutral
Sinclair Broadcast reinstated with a Neutral at JPMorgan
JPMorgan analyst Alexia Quadrani reinstated coverage of Sinclair Broadcast with a Neutral rating and $32 price target following a period of restriction. The analyst, who views the current valuation as "cheap," believes other broadcast groups offer better investment opportunities.
10/16/18
GUGG
10/16/18
INITIATION
Target $40
GUGG
Buy
Sinclair Broadcast initiated with a Buy at Guggenheim
Guggenheim initiated Sinclair Broadcast with a Buy and $40 price target.
FRAC Keane Group
$11.57

0.085 (0.74%)

11/02/18
WELS
11/02/18
UPGRADE
Target $16
WELS
Outperform
Keane Group upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Judson Bailey upgraded Keane Group to Outperform and raised his price target for the shares to $16 from $13. An attractive valuation and solid free cash flow generation sets up a favorable risk/reward while waiting for a re-acceleration in activity in the second half of 2019, Bailey tells investors in a research note. The analyst views Keane as a "top tier pressure pumper that now trades at a discount to peers."
09/10/18
STFL
09/10/18
INITIATION
Target $16
STFL
Buy
Keane Group initiated with a Buy at Stifel
Stifel analyst Stephen Gengaro initiated Keane Group with a Buy rating and a price target of $16. The analyst says the company is a "very well run business" that is generating free cash flows, adding that its "dedicated service agreements" should limit the expected EBITDA deterioration.
10/17/18
BOFA
10/17/18
INITIATION
Target $19
BOFA
Buy
Keane Group initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Chase Mulvehill initiated Keane Group with a Buy rating and a price target of $19.
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).
BC Brunswick
$53.02

0.39 (0.74%)

11/09/18
BARD
11/09/18
NO CHANGE
Target $80
BARD
Outperform
Brunswick elevated to Fresh Pick at Baird
Baird analyst Craig Kennison elevated Brunswick to Fresh Pick on the recent pullback after reporting strong quarterly results. The analyst said he likes the decision to exit the fitness business and build a wider moat around its "powerhouse" marine franchise. He also sees an exceptional value based on his sum-of-the-parts analysis. Kennison reiterated his Outperform rating and $80 price target on Brunswick shares.
08/13/18
WEDB
08/13/18
NO CHANGE
Target $77
WEDB
Outperform
Brunswick price target raised to $77 from $70 at Wedbush
Wedbush analyst James Hardiman raised his price target for Brunswick to $77 from $70 on valuation. He notes that while the boat segment/industry is off to somewhat of a slow start, his most recent checks suggest a return to a more normal growth rate in July, while a number of premium-valued boat company acquisitions have also increased the multiple Hardiman is attributing to this segment. The analyst reiterates an Outperform rating on the shares.
07/09/18
IMPC
07/09/18
NO CHANGE
Target $90
IMPC
Outperform
Brunswick price target raised to $90 from $78 at Imperial Capital
Imperial Capital analyst George Kelly raised his price target for Brunswick to $90 and maintains an Outperform rating on the shares. The analyst maintains a positive view on the company following the recent Power Products acquisition announcement and revised 2020 targets, which he says imply "significant growth" in marine engine profitability. Kelly believes Brunswick's marine engine EBITDA will exceed $700M in 2020, up from $458M in 2017. He says the shares remain a top pick.
10/26/18
IMPC
10/26/18
NO CHANGE
Target $70
IMPC
Outperform
Brunswick price target lowered to $70 from $90 at Imperial Capital
Imperial Capital analyst George Kelly lowered his price target for Brunswick Corporation to $70 citing tariffs and pressured equity valuations" following the company's Q3 results. The analyst, however, believes Brunswick's Q3 report "was generally positive." He believes the recent stock decline is "mostly unwarranted and unrelated to the direction of the business." Kelly keeps an Outperform rating on the shares.
HES Hess Corp.
$56.99

1.02 (1.82%)

10/30/18
LEHM
10/30/18
UPGRADE
Target $66
LEHM
Equal Weight
Hess Corp. upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Paul Cheng upgraded Hess Corp. to Equal Weight with an unchanged price target of $66. The analyst views the valuation as more favorable following the recent pullback in the shares.
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.
09/27/18
BERN
09/27/18
INITIATION
Target $89
BERN
Outperform
Hess Corp. initiated with an Outperform at Bernstein
Bernstein initiated Hess Corp. with an Outperform and $89 price target.
09/28/18
09/28/18
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 Sell from Neutral at Citi with analyst Itay Michaeli saying he is making a "risk/reward call" into the outcome of the SEC lawsuit against CEO Elon Musk. 2. IPG Photonics (IPGP) downgraded to Neutral from Buy at Longbow. 3. Phillips 66 Partners (PSXP) downgraded to Underweight at Morgan Stanley with analyst Tom Abrams saying he believes the market is ascribing what he views as relatively high multiples to the units, particularly after recent underperformance by some peers. 4. MedEquities Realty downgraded to Neutral from Overweight at Cantor Fitzgerald with analyst Joseph France saying he reduced his expectations for the stock on the assumption that resolving some of its operator issues might take longer than he expected. 5. Apache (APA) and Hess Corp. (HES) were downgraded to Neutral from Overweight at Piper Jaffray. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FDC First Data
$18.06

0.05 (0.28%)

11/08/18
SUSQ
11/08/18
DOWNGRADE
Target $77
SUSQ
Neutral
Square downgraded to Neutral on valuation, CFO vacancy at Susquehanna
As reported previously, Susquehanna analyst James Friedman downgraded Square (SQ) to Neutral from Positive. The analyst cited valuation and the lack of a CFO at the company. While he sees Square taking about ten billion of cumulative revenue share from incumbent merchant acquirers, ISOs and ISVs, he would await a better re-entry point pending management visibility, Friedman tells investors. In the meantime, Friedman suggests investors look at First Data (FDC) instead, stating that Clover is generally performing as well as Square's payments products while the stock's discount to Square "seems compelling." Friedman maintained his $77 price target on Square shares.
11/06/18
COWN
11/06/18
NO CHANGE
Target $28
COWN
Outperform
First Data weakness a buying opportunity, says Cowen
Cowen analyst George Mihalos recommended investors take advantage of the overdone weakness in First Data shares. He expects the stock to recoup most of its downward move over the near-term, citing the reset of its GBS growth expectations, on-track deleveraging, and current valuation. Mihalos has an Outperform rating and $28 price target on First Data shares.
11/05/18
SPHN
11/05/18
NO CHANGE
Target $25
SPHN
Overweight
First Data price target lowered to $25 from $30 at Stephens
Stephens analyst Brett Huff lowered his price target for First Data to $25 from $30 following quarterly results, but reiterated an Overweight rating on the shares saying the selloff in the stock is "overdone." The analyst believes it may take a quarter or two for the market to recognize First Data's value.
10/30/18
WELS
10/30/18
NO CHANGE
Target $30
WELS
Outperform
First Data valuation compelling following selloff, says Wells Fargo
Wells Fargo analyst Timothy Willi says that despite First Data's Q3 miss and lowered 2018 guidance, he believes its underlying business performance remains "solid" and would argue shares valuation is "compelling." Although it is never good to see a miss and lower, it is entirely attributable to a worsening FX environment and two divestitures in GFS, he contends. Willi reiterates an Outperform rating and $30 price target on the stock.
ADBE Adobe
$237.44

-1.41 (-0.59%)

10/16/18
PIPR
10/16/18
NO CHANGE
Target $310
PIPR
Overweight
Adobe remains a top pick at Piper Jaffray
Piper Jaffray analyst Alex Zukin says Adobe Systems remains one of his firm's top picks following the company's analyst day and fiscal 2019 guidance. The company is in "full growth mode" with its fiscal 2019 sales outlook exceeding consensus across the board, Zukin tells investors in a research note titled "They Guide High, Stock Stays Fly." The analyst reiterates an Overweight rating on the shares with a $310 price target.
10/19/18
WEDB
10/19/18
INITIATION
Target $270
WEDB
Neutral
Adobe initiated with a Neutral at Wedbush
Wedbush analyst Daniel Ives initiated Adobe Systems with a Neutral rating and $270 price target, telling investors in a research note that while he is very positive on the company's market opportunity over the next few years and believe ARPU expansion and more price increases could be on the horizon and represent positive growth catalysts, in the near term he feels that the risk/reward on shares at current levels is relatively balanced.
10/18/18
WEDB
10/18/18
INITIATION
WEDB
Neutral
Adobe initiated with a Neutral at Wedbush
10/16/18
ADAM
10/16/18
NO CHANGE
Target $290
ADAM
Buy
Canaccord says 'stick with a winner' after Adobe's favorable guidance
Noting that investors were nervous during yesterday's session as they worried that Adobe's weakness meant that "somebody knows something" negative was about to come, Canaccord analyst Richard Davis said that it turned out instead that Adobe announced "several compelling upgrades" and issued guidance that was as good or better than consensus. In a note entitled "When things go well, you stick with a winner," Davis said that he has raised his estimates slightly following Adobe's update and strongly believes the stock should be in a large cap growth portfolio. He keeps a Buy rating and $290 price target on Adobe shares.
FB Facebook
$142.84

0.65 (0.46%)

11/13/18
OPCO
11/13/18
NO CHANGE
Target $16
OPCO
Outperform
EverQuote price target lowered to $16 from $23 at Oppenheimer
Oppenheimer analyst Jason Helfstein lowered his price target for EverQuote (EVER) to $16 from $23 after management lowered 2018 VMM guidance 5% on less effective traffic conversion from creative advertisement fatigue, adjusting to new Facebook (FB) ad policies, and pushing higher volumes to providers in lower seasonal period. The analyst reiterates an Outperform rating on EverQuote on favorable risk/reward for long-term opportunity to penetrate $9B insurance advertising market.
11/13/18
ADAM
11/13/18
NO CHANGE
Target $18
ADAM
Buy
EverQuote price target lowered to $18 from $23 at Canaccord
Canaccord analyst Michael Graham lowered his price target on EverQuote (EVER) to $18 from $23 following in line Q3 results. The company said quote requests declined from the revamp of its ad units in the face of policy changes at Facebook (FB) along with the crowding out from political ads. Management said they see the same circumstances affecting business so far in Q4. Graham maintained his Buy rating on EverQuote shares.
11/08/18
DADA
11/08/18
NO CHANGE
Target $42
DADA
Buy
Applied Optoelectronics price target raised to $42 from $36 at DA Davidson
DA Davidson analyst Mark Kelleher raised his price target on Applied Optoelectronics (AAOI) to $42 and kept his Buy rating after its Q3 results, saying that despite the earnings shortfall, the company remains among the "leading providers of optical networking technology to the datacenter and cable TV markets". The analyst notes that the company had already negatively preannounced Q3 on sales impact from the issue found with a small percentage of its 25G lasers, but that issue had been resolved and shipments to the impacted customer - Facebook (FB) - have resumed.
10/31/18
BMOC
10/31/18
NO CHANGE
Target $175
BMOC
Market Perform
Facebook price target lowered to $175 from $190 at BMO Capital
BMO Capital analyst Daniel Salmon lowered his price target on Facebook to $175 and kept his Market Perform rating after its Q3 results and outlook, saying the company's 2019 expense growth guidance also lowers his FY19 EPS view to $7.53 from $8.25. The analyst notes however that the acceleration of Facebook's Stories feature could support a "more positive view" as he awaits more data points and channel check findings.
GOOGL Alphabet Class A
$1,047.93

-0.61 (-0.06%)

10/29/18
OPCO
10/29/18
NO CHANGE
OPCO
IBM/Red Hat may look to partner much more with Google, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that IBM (IBM) and Red Hat (RHT) have lagged leaders such as Microsoft (MSFT), Amazon (AMZN), Google (GOOG; GOOGL) in the cloud. By merging, they are trying to improve their cloud position and Horan sees them looking to use the disruptive Container/Kubernetes to create a new hybrid cloud platform. Given how far behind they are in infrastructure, the analyst believes they may look to partner much more with Google, which is a threat to Microsoft more so than AWS. While Horan thinks the deal does open up an opportunity for a combined IBM/Red Hat to enter the market with a new service, they still have a long way to go before they can compete with Microsoft and Amazon in cloud.
11/12/18
LBOW
11/12/18
NO CHANGE
LBOW
Neutral
Earnings commentary shows 'ample evidence' of hyperscale caution, says Longbow
Longbow analyst Joe Wittine said that Microsoft (MSFT) signaled along with its earnings report that growth in investments would moderate, Amazon (AMZN) highlighted a focus on driving data center efficiencies, Alphabet (GOOGL) is understood to be eh "the largest driver" of Seagate's (STX) lowered outlook and Apple (AAPL) expects FY19 capex of $14B, down from this year's $16.7B. Wittine sees all of this as "ample evidence of increased caution in the hyperscale investment cycle," which leads his to believe his Neutral ratings on both Seagate and Western Digital (WDC) remain appropriate.
11/14/18
LEHM
11/14/18
NO CHANGE
Target $1400
LEHM
Overweight
Barclays removes Alphabet as Top Pick, keeps Overweight rating
Barclays analyst Ross Sandler removed Alphabet (GOOGL) as his Top Pick and did not replace it with another stock. The analyst, however, keeps an Overweight rating on the shares with a $1,400 price target.
11/13/18
BARD
11/13/18
NO CHANGE
BARD
Amazon selection of East Coast corridor for HQs makes sense, says Baird
Baird analyst Colin Sebastian noted that he'd predicted last October that Washington DC was "a slight favorite in the HQ2 sweepstakes," and he believes Amazon's (AMZN) selection of a second headquarters divided between Long Island City, NY and Arlington, Virginia "makes logical sense." He sees the primary motivation for the HQ split was talent availability, Sebastian added. The analyst maintains an Outperform rating and $2,100 price target on Amazon shares. Adding that "it did not receive the headlines of the HQ2 bidding process," Google (GOOGL) is said by the Wall Street Journal to be acquiring space for an additional 12-14K employees in New York, Sebastian also noted.
UAL United Continental
$93.00

0.4 (0.43%)

10/30/18
10/30/18
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. LabCorp (LH) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg saying the company is faced with pressure from "lower lab testing payment rates mandated by the Protecting Access to Medicaid Act of 2014" along with business disruptions and the impact of acquisitions which resulted in lowers margins for the quarter. 2. E-Trade (ETFC) downgraded to Outperform from Strong Buy at Raymond James with analyst Patrick O'Shaughnessy saying the recent board decision not to sell the business and remain a standalone company takes a sales scenario off the table. The analyst remains positive on shares ans believes there is plenty of upside as management executes on its operating plan. 3. Southwest (LUV) downgraded to Underweight from Neutral at JPMorgan while United Continental (UAL) and Spirit Airlines (SAVE) downgraded to Neutral from Overweight. 4. Flex (FLEX) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing the expected impact from the "shutdown of Mexican operations with key customer Nike (NKE), which he expects to be fully unwound," as well as the retirement of the company CEO Mike McNamara who had presided over the company's business expansion. 5. Elevate Credit (ELVT) downgraded to Market Perform from Outperform at JMP Securities and William Blair. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/30/18
JPMS
10/30/18
NO CHANGE
JPMS
JPMorgan downgrades three airlines, upgrades JetBlue to Overweight
JPMorgan analyst Jamie Baker continues to believe that a "trading trifecta" has formed for U.S. Airlines in investors' favor. The case for industry margin expansion remains the best we've seen in four years, and most stocks are within 10% of their autumnal lows, "suggesting seasonal trade-winds may lift equities as they often do," Baker tells investors in a research note. He thinks the industry remains on a path towards margin expansion for the first time since 2014 amid lower year-over-year capacity, "robust" demand, "disciplinary" fuel, and no immediate risk to labor cost assumptions. After making changes to his estimates and price targets, Baker downgraded United Continental (UAL) and Spirit Airlines (SAVE) to Neutral from Overweight, downgraded Southwest Airlines (SAVE) to Underweight from Neutral, and upgraded JetBlue Airways (JBLU) to Overweight from Neutral. Southwest and United entered the year as underperformers, but appear poised to potentially exit as winners, says Baker. From here, he'd rather focus on the "names that haven't worked than pound the table on the two that have." For Southwest, the analyst does not envision significant downside potential, but rather views the stock as "stalled at current valuation levels until such time a trajectory towards higher margins can better be established." Meanwhile, JetBlue is the "cheapest" of the domestic airlines and its target multiple is the lowest, Baker says. He sees over 20% upside potential in the shares.
10/30/18
JPMS
10/30/18
DOWNGRADE
Target $95
JPMS
Neutral
United Continental downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jamie Baker downgraded United Continental Holdings to Neutral and lowered his price target for the shares to $95 from $98.
11/12/18
GSCO
11/12/18
INITIATION
Target $102
GSCO
Neutral
United Continental initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Catherine O'Brien started United Continental Holdings with a Neutral rating and $102 price target. The analyst sees relatively lower margin improvement at United versus other airlines. She also launched coverage on the U.S. Airlines sector with an Attractive coverage view. Stronger revenue trends in 2019 coupled with a focus on cost control should drive higher industry operating margins for the first time since 2015 despite fuel headwinds, O'Brien tells investors in a research note.
AMCX AMC Networks
$60.56

0.82 (1.37%)

10/04/18
10/04/18
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. AMC Networks (AMCX) downgraded to Sell from Neutral at Goldman Sachs with analyst Drew Borst saying he expects AMC to underperform peers and his price target implies 8% downside to current levels. 2. Atlassian (TEAM) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Keith Weiss saying he believes the roughly 100% year-to-date move in the stock leaves limited near-term upside. 3. Arista Networks (ANET) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Rod Hall saying several catalysts have played out including an inflection in the 100G market, resolution of Cisco (CSCO) lawsuits and product qualifications with key customers. 4. Ameresco (AMRC) downgraded to Neutral from Buy at Roth Capital with analyst Craig Irwin citing the company's announcement of the abrupt departure of CFO John Granara effective immediately. 5. Corporate Capital (CCT) downgraded to Market Perform from Outperform at Wells Fargo, while FS Investment (FSIC) and Solar Capital (SLRC) were downgraded to Market Perform from Outperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/18
GSCO
10/04/18
DOWNGRADE
Target $61
GSCO
Sell
AMC Networks downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Drew Borst downgraded AMC Networks to Sell and lowered his price target for the shares to $61 from $64. The analyst sees risks to estimates amid the company's "persistent ratings challenges."
10/04/18
10/04/18
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. AMC CUT TO SELL BY GOLDMAN: Goldman Sachs analyst Drew Borst downgraded AMC Networks (AMCX) to Sell from Neutral and lowered his price target for the shares to $61 from $64. The analyst expects AMC to underperform peers and his price target implies 8% downside to current levels. Weakness in National Networks advertising from "Walking Dead" ratings declines and heightened competition for scripted original series and viewers, as well as slowing revenue growth and higher content and marketing costs, create risk to consensus estimates, Borst said. SNAP TARGETS CUT BY EVERCORE, CITI: Evercore ISI analyst Anthony DiClemente lowered his price target for Snap (SNAP) to $7 from $9 given decelerating trends, management turnover, and competitive threats. He reiterated an Underperform rating on Snap's shares. Citi analyst Mark May kept a Sell rating on Snap, but again lowered his estimates -- also to $7 -- to reflect recent trends in user and average revenue per user growth, Q3 guidance and a projected 2018 exit growth rate. GOLDMAN SAYS FIREEYE STOCK COULD DOUBLE: Goldman Sachs analyst Gabriela Borges kept her Buy rating and $22 price target on FireEye (FEYE) after the company's annual Cyber Defense Summit. The analyst said the summit saw its strongest showing in three years and she believes Fireeye could see its shares double if it can gain just 200bps of market share in the endpoint and security information and event management, or SIEM, markets. Borges added that FireEye would have to improve its Helix business with "on premise integration" as well as "better messaging to the channel", expecting the company to proceed with a renewed scale push next year once the integration is complete. IBM STARTED WITH A SELL RATING: MoffettNathanson analyst Lisa Ellis initiated IBM (IBM) with a Sell rating and $150 price target. In late morning trading, IBM is down almost 1%. CLOUDERA GETS UPGRADED AFTER DEAL: Nomura Instinet analyst Christopher Eberle upgraded Cloudera (CLDR) to Buy from Neutral and raised his price target for the shares to $23 from $12. The analyst, who admits to being very surprised by the announced deal, believes the company's merger with Hortonworks (HDP) will be "highly accretive." DA Davidson analyst Rishi Jaluria upgraded Cloudera to Buy from Neutral and raised his price target to $27 from $15 while also affirming Hortonworks at Buy and raising its price target to $35 from $24. The analyst is positive on the merger's ability to reduce pricing pressure from the separation from the other Hadoop vendors, equip Cloudera to battle cloud data warehouse vendors like AWS (AMZN) Redshift, and accelerate innovation.
10/04/18
GSCO
10/04/18
DOWNGRADE
Target $61
GSCO
Sell
Goldman downgrades AMC to Sell amid Walking Dead ratings declines
Goldman Sachs analyst Drew Borst downgraded AMC Networks (AMCX) to Sell and lowered his price target for the shares to $61 from $64. The stock closed yesterday up 90c to $67.26. The analyst expects AMC to underperform peers and his price target implies 8% downside to current levels. Weakness in National Networks advertising from The Walking Dead ratings declines and heightened competition for scripted original series and viewers, as well as slowing revenue growth and higher content and marketing costs, create risk to consensus estimates, Borst tells investors in a research note. The analyst does not see a near-term catalyst for a higher valuation multiple and is skeptical about a premium takeout because AMC is a "controlled company and there is limited strategic value for an ad-supported basic cable network with a minimal content library."
MSFT Microsoft
$106.00

-0.47 (-0.44%)

11/07/18
MAXM
11/07/18
NO CHANGE
Target $127
MAXM
Hold
Tableau price target raised to $127 from $107 at Maxim
Maxim analyst Nehal Chokshi raised his price target on Tableau (DATA) to $127 after its "solid" Q3 results that saw implied billings accelerate to 31% annualized growth in spite of the headwinds coming "from ongoing rapid transition to subscription model". The analyst also keeps his Hold rating on Tableau, stating that the December quarter outlook implies a billings deceleration to 17% while also noting that the company is facing a "lurking" competitive threat from Microsoft (MSFT).
11/13/18
SUSQ
11/13/18
UPGRADE
Target $95
SUSQ
Positive
Xilinx upgraded to Positive with $95 price target at Susquehanna
As reported previously, Susquehanna analyst Christopher Rolland upgraded Xilinx (XLNX) to Positive from Neutral. The analyst likes the company's A.I. inference opportunity and its strong showing with Alveo. He said the early read on Alveo pricing puts it in the ballpark with Nvidia's (NVDA) T4. He is also encouraged that Microsoft (MSFT) may begin to dual source DC FPGAs, which was an opportunity that he thought had previously been locked up by Altera. Rolland raised his price target to $95 from $82 on Xilinx shares.

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Kemper

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    Sep

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    Dec

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    Dec

TLND

Talend

$39.24

0.12 (0.31%)

18:45
08/22/19
08/22
18:45
08/22/19
18:45
Hot Stocks
Talend CEO: We solve the first mile in the data journey »

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BA

Boeing

$354.47

14.44 (4.25%)

18:40
08/22/19
08/22
18:40
08/22/19
18:40
Periodicals
FAA intends to test Boeing MAX software on newer pilots, Reuters says »

Next month, the FAA…

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  • 03

    Sep

DB

Deutsche Bank

$7.17

0.155 (2.21%)

18:32
08/22/19
08/22
18:32
08/22/19
18:32
Periodicals
Deutsche Bank to pay $16M to settle corruption charges with SEC, Reuters says »

The SEC said that…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$292.36

-0.04 (-0.01%)

18:28
08/22/19
08/22
18:28
08/22/19
18:28
Periodicals
Kudlow says U.S., Chinese negotiators held productive trade talks, Reuters says »

White House economic…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$292.36

-0.04 (-0.01%)

03/08/13
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GOOG

Alphabet

$1,188.53

-2.26 (-0.19%)

, GOOGL

Alphabet Class A

$1,190.41

0.15 (0.01%)

18:25
08/22/19
08/22
18:25
08/22/19
18:25
Hot Stocks
Google disabled 210 YouTube channels related to ongoing Hong Kong protests »

Google (GOOG) said in a…

GOOG

Alphabet

$1,188.53

-2.26 (-0.19%)

GOOGL

Alphabet Class A

$1,190.41

0.15 (0.01%)

FB

Facebook

$182.08

-1.48 (-0.81%)

TWTR

Twitter

$42.17

-0.63 (-1.47%)

03/08/13
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  • 15

    Sep

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NUAN

Nuance

$17.31

-0.14 (-0.80%)

18:24
08/22/19
08/22
18:24
08/22/19
18:24
Syndicate
Nuance files Form 10 registration statement for planned spin-off of Cerence »

Nuance Communications…

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CRM

Salesforce

$148.26

0.86 (0.58%)

18:23
08/22/19
08/22
18:23
08/22/19
18:23
Hot Stocks
Salesforce co-CEO: We had a very strong second quarter »

In an interview on…

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  • 22

    Aug

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    Dec

RVLT

Revolution Lighting

$0.34

-0.0124 (-3.57%)

18:10
08/22/19
08/22
18:10
08/22/19
18:10
Hot Stocks
Revolution Lighting discloses additional delisting determination from Nasdaq »

Revolution Lighting…

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IBKC

Iberiabank

$70.16

-0.38 (-0.54%)

18:05
08/22/19
08/22
18:05
08/22/19
18:05
Hot Stocks
Iberiabank CEO Daryl Byrd sells over $840K in company shares »

Iberiabank CEO Daryl Byrd…

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  • 23

    Sep

RMNI

Rimini Street

$4.77

-0.11 (-2.25%)

, ORCL

Oracle

$53.18

-0.08 (-0.15%)

18:02
08/22/19
08/22
18:02
08/22/19
18:02
Hot Stocks
San Fang Chemical switches to Rimini Street support for Oracle EBS »

Rimini Street (RMNI)…

RMNI

Rimini Street

$4.77

-0.11 (-2.25%)

ORCL

Oracle

$53.18

-0.08 (-0.15%)

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CRM

Salesforce

$148.26

0.86 (0.58%)

18:01
08/22/19
08/22
18:01
08/22/19
18:01
Hot Stocks
Salesforce says Customer 360 will be huge growth driver over next decade »

Says: Momentum in…

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  • 22

    Aug

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    Aug

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    Dec

AAC

AAC Holdings

$0.60

-0.0327 (-5.17%)

17:57
08/22/19
08/22
17:57
08/22/19
17:57
Hot Stocks
AAC Holdings discloses NYSE listing notice »

AAC Holdings announced…

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  • 23

    Sep

17:32
08/22/19
08/22
17:32
08/22/19
17:32
General news
Fed Balance Sheet Level data reported »

Week of 8/21 Fed Balance…

HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

17:30
08/22/19
08/22
17:30
08/22/19
17:30
Hot Stocks
HP Inc. says notebooks accounted for 39% of revenue in Q3 »

Says supplies category…

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  • 22

    Aug

  • 10

    Sep

17:28
08/22/19
08/22
17:28
08/22/19
17:28
General news
Money Supply M2 Weekly Change data reported »

Week of 8/12 Money Supply…

TRPX

Therapix Biosciences

$2.35

(0.00%)

17:27
08/22/19
08/22
17:27
08/22/19
17:27
Syndicate
Breaking Syndicate news story on Therapix Biosciences »

Therapix Biosciences…

03/08/13
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GLD

SPDR Gold Shares

$141.38

-0.36 (-0.25%)

17:26
08/22/19
08/22
17:26
08/22/19
17:26
Hot Stocks
SPDR Gold Shares holdings rise to 854.84MT to 851.91MT »

This is the third…

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VMW

VMware

$148.15

0.11 (0.07%)

17:19
08/22/19
08/22
17:19
08/22/19
17:19
Earnings
VMware sees Q3 adjusted EPS $1.42, consensus $1.57 »

Sees Q3 revenue growth…

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  • 22

    Aug

  • 10

    Sep

  • 10

    Oct

CRWD

Crowdstrike

$93.04

-3.5 (-3.63%)

, CBLK

Carbon Black

$24.52

1.77 (7.78%)

17:14
08/22/19
08/22
17:14
08/22/19
17:14
Hot Stocks
Crowdstrike lower after Carbon Black acquisition »

Shares of cybersecurity…

CRWD

Crowdstrike

$93.04

-3.5 (-3.63%)

CBLK

Carbon Black

$24.52

1.77 (7.78%)

03/08/13
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03/08/13
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  • 05

    Sep

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