Breaking News Instant updates and real-time market news.

PCG

PG&E

$24.39

6.62 (37.25%)

18:08
11/18/18
11/18
18:08
11/18/18
18:08

PG&E reports another outage on morning when California started, Reuters says

PG&E, facing investor concerns over its possible role in the deadly Camp Fire in Northern California, has reported another power-line outage that it experienced on the morning of November 8 when the blaze started, according to Reuters. The incident report said a line near the area of Concow in Butte County suffered an outage at 6:45 a.m. on November 8, the publication notes. Reference Link

PCG PG&E
$24.39

6.62 (37.25%)

11/16/18
SBSH
11/16/18
UPGRADE
Target $40
SBSH
Buy
Citi upgrades PG&E to Buy saying CPUC stepped up 'bigtime'
Citi analyst Praful Mehta upgraded PG&E to Buy from Neutral while lowering his price target for the shares to $40 from $48. In a statement yesterday, the California Public Utilities Commission indicated that it will apply a cap when evaluating wildfire-related expenses, including the 2018 fires, Mehta tells investors in a research note partially titled "CPUC Steps-Up Bigtime." The analyst does not think the CPUC would be "taking this aggressive step to support the utilities" without some support from the legislative side. He upgrades PG&E following the recent selloff in the shares. The stock closed yesterday down 31%, or $7.85, to $17.74. This morning, however, the shares are up 51%, or $8.96, to $26.70 in premarket trading.
11/16/18
ARGS
11/16/18
NO CHANGE
Target $36
ARGS
Buy
PG&E price target lowered to $36 from $54 at Argus
Argus analyst Jacob Kilstein lowered his price target on PG&E (PCG) to $36 after the latest report suggesting that the California wildfire may have been started by its faulty utility equipment. The analyst points to the company's stock price decline of 50% over the past week and 75% since mid-2017 on concerns that it may be responsible for over $30B in damages. Kilstein keeps his Buy rating on PG&E however and raises his FY19 EPS view to $4.13 from $3.94, noting that the $26B market cap decline is likely an "overreaction" that offers a "favorable buying opportunity". The analyst adds that his price target assumes a forward earnings multiple of 8.7-times, which is still below its closest peer with California exposure - Edison International's (EIX) 10.9-times.
11/16/18
SBSH
11/16/18
UPGRADE
Target $59
SBSH
Buy
Citi upgrades Edison International to Buy following CPUC statement
Citi analyst Praful Mehta upgraded Edison International (EIX) to Buy from Neutral while lowering his price target for the shares to $59 from $72. In a statement yesterday, the California Public Utilities Commission indicated that it will apply a cap when evaluating wildfire-related expenses, including the 2018 fires, Mehta tells investors in a research note partially titled "CPUC Steps-Up Bigtime." The analyst does not think the CPUC would be "taking this aggressive step to support the utilities" without some support from the legislative side. Mehta also upgraded PG&E (PCG) to Buy from Neutral citing a similar rationale.
11/16/18
11/16/18
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. Qualcomm (QCOM) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst James Faucette saying he thinks consensus estimates now imply a more realistic scenario for QCT margins and that lowered expectations on a resolution with Apple (AAPL) gives room for the stock to react positively should legal proceedings trigger a settlement. 2. Spark Therapeutics (ONCE) upgraded to Neutral from Underperform at Credit Suisse with analyst Martin Auster saying with uniQure's (QURE) update validating AMT-061, its second generation hemophilia B gene therapy construct incorporating the Padua variant, and Freeline's initial data disclosed in ASH abstracts, he sees a more competitive landscape in hemophilia B gene therapy, and lowered his market share assumptions for SPK-9001 to reflect this new dynamic. 3. Armstrong Flooring (AFI) upgraded to Buy from Hold at Gabelli with analsyt Alvaro Lacayo saying the sale of the wood business is a transformative deal and removes two underperforming segments that have been under increased pressure from private label competition. 4. DSW (DSW) upgraded to Neutral from Negative at Susquehanna. 5. PG&E (PCG) and Edison International (EIX) were upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

STLD

Steel Dynamics

$33.99

-0.16 (-0.47%)

07:01
04/22/19
04/22
07:01
04/22/19
07:01
Earnings
Steel Dynamics reports Q1 EPS 91c, consensus 98c »

Reports Q1 revenue $2.8B,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Apr

  • 16

    May

HNI

HNI Corporation

$38.38

0.1 (0.26%)

06:57
04/22/19
04/22
06:57
04/22/19
06:57
Earnings
HNI Corporation reaffirms FY19 EPS view $2.50-$2.90, consensus $2.66 »

The company stated,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Apr

  • 07

    May

TSM

TSMC

$45.38

1.01 (2.28%)

06:56
04/22/19
04/22
06:56
04/22/19
06:56
Periodicals
TSMC CEO says 7nm utilization rate to rise in 2H19, Digitimes reports »

TSMC's 7nm process…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HNI

HNI Corporation

$38.38

0.1 (0.26%)

06:55
04/22/19
04/22
06:55
04/22/19
06:55
Earnings
HNI Corporation reports Q1 non-GAAP EPS 2c, consensus 1c »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Apr

  • 07

    May

BMS

Bemis

$55.45

-0.37 (-0.66%)

06:55
04/22/19
04/22
06:55
04/22/19
06:55
Hot Stocks
Amcor to sell plants to Tekni-Plex for $215M to resolve antitrust concerns »

Amcor and Bemis, as…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

  • 18

    May

EGRX

Eagle Pharmaceuticals

$47.81

0.67 (1.42%)

06:54
04/22/19
04/22
06:54
04/22/19
06:54
Hot Stocks
Eagle Pharma announces CMS established unique J-code for BELRAPZO »

Eagle Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LLY

Eli Lilly

$115.20

-1.23 (-1.06%)

06:53
04/22/19
04/22
06:53
04/22/19
06:53
Hot Stocks
Eli Lilly announces Taltz meets primary, secondary endpoints in COAST-X study »

Eli Lilly announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 30

    Apr

  • 04

    May

  • 06

    May

  • 07

    May

  • 08

    May

  • 09

    May

  • 18

    May

CBU

Community Bank System

$62.22

-1.385 (-2.18%)

06:51
04/22/19
04/22
06:51
04/22/19
06:51
Earnings
Community Bank System reports Q1 operating EPS 81c, consensus 76c »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Apr

  • 15

    May

TSLA

Tesla

$273.25

2.13 (0.79%)

, PCRFY

Panasonic

$0.00

(0.00%)

06:51
04/22/19
04/22
06:51
04/22/19
06:51
Periodicals
Tesla CEO takes on Panasonic in public dispute with key supplier, Bloomberg says »

Tesla (TSLA) CEO Elon…

TSLA

Tesla

$273.25

2.13 (0.79%)

PCRFY

Panasonic

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Apr

  • 24

    Apr

HAL

Halliburton

$31.12

-0.47 (-1.49%)

06:49
04/22/19
04/22
06:49
04/22/19
06:49
Hot Stocks
Halliburton CEO says 'results for the first quarter played out as we expected' »

"Our results for the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Apr

  • 06

    May

  • 15

    May

  • 22

    May

  • 29

    May

  • 13

    Nov

BOH

Bank of Hawaii

$80.76

-1.16 (-1.42%)

06:48
04/22/19
04/22
06:48
04/22/19
06:48
Earnings
Bank of Hawaii reports Q1 EPS $1.43, consensus $1.36 »

Reports Q1 net loans and…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Apr

  • 26

    Apr

MRK

Merck

$73.19

-0.69 (-0.93%)

06:48
04/22/19
04/22
06:48
04/22/19
06:48
Hot Stocks
Merck: FDA approves KEYTRUDA in combination with Inlyta »

Merck announced that the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 30

    Apr

  • 03

    May

  • 04

    May

  • 06

    May

  • 18

    May

  • 31

    May

  • 03

    Jun

  • 17

    Jun

  • 20

    Jun

  • 16

    Jul

  • 06

    Aug

  • 20

    Sep

HAL

Halliburton

$31.12

-0.47 (-1.49%)

06:45
04/22/19
04/22
06:45
04/22/19
06:45
Earnings
Halliburton reports Q1 adjusted EPS 23c, consensus 22c »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Apr

  • 06

    May

  • 15

    May

  • 22

    May

  • 29

    May

  • 13

    Nov

06:45
04/22/19
04/22
06:45
04/22/19
06:45
General news
FX Update: The dollar majors have been plying narrow ranges »

FX Update: The dollar…

HOG

Harley-Davidson

$40.91

-0.14 (-0.34%)

06:44
04/22/19
04/22
06:44
04/22/19
06:44
Recommendations
Harley-Davidson analyst commentary  »

Harley-Davidson March…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Apr

  • 09

    May

JEC

Jacobs Engineering

$76.93

0.22 (0.29%)

, KEYW

KEYW

$7.85

-0.005 (-0.06%)

06:42
04/22/19
04/22
06:42
04/22/19
06:42
Hot Stocks
Jacobs Engineering to acquire KeyW for $11.25 per share in cash »

Jacobs (JEC) announced…

JEC

Jacobs Engineering

$76.93

0.22 (0.29%)

KEYW

KEYW

$7.85

-0.005 (-0.06%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    May

  • 09

    May

  • 20

    May

NSANY

Nissan

$0.00

(0.00%)

06:39
04/22/19
04/22
06:39
04/22/19
06:39
Periodicals
Carlos Ghosn indicted on additional charges in Japan, WSJ reports »

Former Nissan chairman…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PREKF

PrairieSky Royalty

$0.00

(0.00%)

06:39
04/22/19
04/22
06:39
04/22/19
06:39
Conference/Events
PrairieSky Royalty management to meet with TD Securities »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

  • 26

    Apr

KRA

Kraton

$36.45

0.03 (0.08%)

06:35
04/22/19
04/22
06:35
04/22/19
06:35
Hot Stocks
Kraton appoints Atanas Atanasov as CFO »

Kraton announced that its…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

  • 22

    May

LLY

Eli Lilly

$115.20

-1.23 (-1.06%)

06:34
04/22/19
04/22
06:34
04/22/19
06:34
Hot Stocks
Eli Lilly announces licensing, research collaboration with Avidity »

Eli Lilly announced a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

  • 30

    Apr

  • 04

    May

  • 06

    May

  • 07

    May

  • 08

    May

  • 09

    May

  • 18

    May

NGD

New Gold

$0.86

-0.0141 (-1.61%)

06:34
04/22/19
04/22
06:34
04/22/19
06:34
Conference/Events
New Gold management to meet with TD Securities »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

  • 26

    Apr

UBER

Uber

$0.00

(0.00%)

, LYFT

Lyft

$58.31

-1.11 (-1.87%)

06:32
04/22/19
04/22
06:32
04/22/19
06:32
Periodicals
Uber, Lyft IPOs could cause higher fares, WSJ reports »

The initial public…

UBER

Uber

$0.00

(0.00%)

LYFT

Lyft

$58.31

-1.11 (-1.87%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    May

ONB

Old National Bancorp

$16.85

-0.28 (-1.63%)

06:32
04/22/19
04/22
06:32
04/22/19
06:32
Earnings
Old National Bancorp reports Q1 adjusted EPS 33c, consensus 31c »

Reports Q1 provision for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Apr

  • 02

    May

OKE

Oneok

$69.13

-0.59 (-0.85%)

06:30
04/22/19
04/22
06:30
04/22/19
06:30
Downgrade
Oneok rating change  »

Oneok downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    May

  • 22

    May

CYAD

Celyad

$21.48

(0.00%)

06:29
04/22/19
04/22
06:29
04/22/19
06:29
Conference/Events
Celyad management to meet with »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 05

    Jun

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.