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BGS

B&G Foods

$30.69

0.44 (1.45%)

, GGB

Gerdau

$4.11

-0.19 (-4.42%)

08:45
11/21/18
11/21
08:45
11/21/18
08:45

Largest borrow rate increases among liquid names

Latest data shows the largest indicative borrow rate increases among liquid option names include: B&G Foods (BGS) 4.26% +0.84, Gerdau (GGB) 2.31% +0.27, Cronos Group (CRON) 92.62% +0.20, ProShares UltraShort QQQ (QID) 3.13% +0.07, FAS (FAS) 0.66% +0.06, ProShares Ultra S&P 500 (SSO) 2.83% +0.06, Neptune Technologies (NEPT) 10.66% +0.06, Newfield Exploration (NFX) 0.53% +0.05, Chevron (CVX) 0.30% +0.05, and iShares South Korea (EWY) 0.36% +0.02.

BGS

B&G Foods

$30.69

0.44 (1.45%)

GGB

Gerdau

$4.11

-0.19 (-4.42%)

CRON

Cronos Group

$8.19

-0.05 (-0.61%)

QID

ProShares UltraShort QQQ

$46.41

1.57 (3.50%)

SSO

ProShares Ultra S&P 500

$104.01

-4.03 (-3.73%)

NEPT

Neptune Wellness

$3.10

-0.125 (-3.88%)

NFX

Newfield Exploration

$17.67

-1.69 (-8.73%)

CVX

Chevron

$116.19

-3.23 (-2.70%)

EWY

iShares MSCI South Korea Index Fund

$58.89

-1.05 (-1.75%)

  • 26

    Nov

  • 04

    Dec

BGS B&G Foods
$30.69

0.44 (1.45%)

09/13/18
SPHN
09/13/18
NO CHANGE
Target $35
SPHN
Overweight
Stephens sees B&G Foods trading up after deal to sell Pirate Brands to Hershey
Stephens analyst Farha Aslam said she expects shares of B&G Foods (BGS) to trade up following the announcement of a deal to sell Pirate Brands to Hershey (HSY) for $420M, given the multiple it received and its increased balance sheet flexibility. Pirate Brands is "on-trend," but was not a strong strategic fit for B&G, said Aslam, who reiterated her Overweight rating and $35 price target on the shares. In pre-market trading, B&G Foods shares are up about 2% to $32.60.
06/19/18
06/19/18
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. Ollie's Bargain Outlet (OLLI) initiated with a Hold at Loop Capital. 2. B&G Foods (BGS) assumed with a Neutral at Piper Jaffray. 3. Iterum Therapeutics (ITRM) initiated with an Outperform at RBC Capital and Leerink while being initiated with a Buy at Needham and Guggenheim. 4. Ingersoll-Rand (IR) initiated with an Outperform at Cowen. 5. Ally Financial (ALLY) initiated with a Neutral at Nomura Instinet. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/19/18
PIPR
06/19/18
INITIATION
Target $31
PIPR
Neutral
B&G Foods assumed with a Neutral at Piper Jaffray
Piper Jaffray analyst Michael Lavery assumed coverage of B&G Foods with a Neutral rating and $31 price target. The company's low share positions come with risk of potential distribution losses, Lavery tells investors in a research note. He expects "moderate" earnings growth of 2%-3% over the next few years.
05/04/18
BREN
05/04/18
UPGRADE
BREN
Buy
B&G Foods upgraded to Buy from Hold at Berenberg
GGB Gerdau
$4.11

-0.19 (-4.42%)

06/05/18
MSCO
06/05/18
UPGRADE
MSCO
Overweight
Gerdau upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Carlos De Alba upgraded Gerdau to Overweight from Equal Weight, stating that he thinks the 25% tariffs on EU steel is positive for Gerdau's U.S. realized prices. He also sees the shares being at an attractive point following a 15% pullback from their recent peak. De Alba raised his price target on Gerdau to R$19 from R$18.30.
06/05/18
06/05/18
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. Discovery (DISCA) upgraded to Buy from Neutral at MKM Partners with analyst Eric Handler citing attractive growth opportunities, a deleveraging balance sheet and a low valuation that make for an "appealing" risk/reward. 2. Occidental Petroleum (OXY) upgraded to Buy from Neutral at Citi with analyst Robert Morris citing the midstream benefit of wider midland-MEH differentials for his upgrade. 3. Noble Corp. (NE) upgraded to Market Perform from Underperform at Bernstein with analyst Colin Davies citing its strong exposure to the high specification jack up sector where the market has found a floor and there is some tentative evidence of rate improvement. 4. Paccar (PCAR) upgraded to Outperform from Neutral at Macquarie with analyst Sameer Rathod saying his proprietary used truck value analysis indicates Paccar branded trucks continue to increase in value, and highlights that low-age Paccar trucks continue to recover faster than older models, indicating a shortage of new trucks. 5. Gerdau (GGB) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Carlos De Alba saying he thinks the 25% tariffs on EU steel is positive for Gerdau's U.S. realized prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/16/18
BOFA
08/16/18
INITIATION
BOFA
Buy
Gerdau reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Timna Tanners reinstated Gerdau with a Buy to reflect a positive view on Brazilian construction and SBQ demand.
09/17/18
HSBC
09/17/18
UPGRADE
HSBC
Buy
Gerdau upgraded to Buy from Hold at HSBC
CRON Cronos Group
$8.19

-0.05 (-0.61%)

11/07/18
ADAM
11/07/18
NO CHANGE
ADAM
Midterms broadly positive for U.S. cannabis industry, says Canaccord
Canaccord analyst Bobby Burleson says that as expected, yesterday's midterms delivered several wins for the U.S. cannabis industry, including the passage of three state ballot measures on legalization, key gubernatorial victories by pro-cannabis candidates, and the retaking of the House by Democrats. The analyst views these results as broadly positive for the U.S. cannabis industry. Publicly traded companies in the space include Aurora Cannabis (ACB), CV Sciences (CVSI), CannTrust Holdings (CNTTF), Canopy Growth (CGC), Cronos Group (CRON), General Cannabis (CANN), India Globalization Capital (IGC) and Tilray (TLRY).
10/17/18
MSCO
10/17/18
NO CHANGE
MSCO
Morgan Stanley says pot legalization could pose risk to Canadian auto insurers
Morgan Stanley analyst Kai Pan noted that academic studies do not agree on the potential impact on car accidents from legalized recreational use of marijuana, but he still believes Canada's legalization could pose a risk to Canadian auto insurers. IFC, the largest auto insurer in Canada, is not immune to this challenge but given its long-term outperformance versus peers and strong claims management, Pan thinks the company should be better positioned in addressing this challenge, he tells investors. Publicly traded companies in the cannabis space include Aurora Cannabis (ACBFF), CV Sciences (CVSI), CannTrust Holdings (CNTTF), Canopy Growth (CGC), Cronos Group (CRON), General Cannabis (CANN), India Globalization Capital (IGC) and Tilray (TLRY).
10/12/18
VERI
10/12/18
INITIATION
VERI
Sell
Cronos Group initiated with a Sell at Veritas
Veritas analyst Stuart Rolfe started coverage of the Canadian Cannabis sector with four Sell ratings, including a Sell on Cronos Group, in a note entitled "End of the Rainbow." The analyst, who sees an intrinsic value of C$4.50 for Cronos shares, said that even assuming 60% of the black market converts, Canada's cannabis industry "looks wildly overvalued."
09/20/18
STFL
09/20/18
NO CHANGE
STFL
Top 22 Canadian cannabis stocks up 127% since Constellation pact, says Stifel
Yesterday's significant outperformance for Canadian cannabis stocks, led by Tilray (TLRY), at one point pushed the total market capitalization for Canadian Licensed Producers above $C80B, before they closed with a combined market cap of C$73B, calculates Stifel analyst Christopher Growe. Since August 15, when Constellation Brands (STZ) announced a pact to invest C$5B into Canopy Growth (CGC), the top 22 Canadian cannabis stocks are up 127% in stock price, noted Growe. A $C73B market cap in relation to what he estimates to be an addressable Canadian market of C$10B is "difficult to fathom," so valuations require global opportunities to be realized, added Growe, who said he questions the pace of development and degree of advantage for these companies. Companies in the cannabis space that can be traded in the U.S. include Aurora Cannabis (ACBFF), CV Sciences (CVSI), Canopy Growth, Cronos Group (CRON) and Tilray.
QID ProShares UltraShort QQQ
$46.41

1.57 (3.50%)

SSO ProShares Ultra S&P 500
$104.01

-4.03 (-3.73%)

NEPT Neptune Wellness
$3.10

-0.125 (-3.88%)

NFX Newfield Exploration
$17.67

-1.69 (-8.73%)

11/05/18
11/05/18
DOWNGRADE

Equal Weight
Encana downgraded to Equal Weight on Newfield deal risk at Morgan Stanley
As previously reported, Morgan Stanley analyst Benny Wong downgraded Encana (ECA) to Equal Weight from Overweight, stating that he gives 50% credit to the targeted $250M in synergies the company outlined in its announcement of its deal to buy Newfield Exploration (NFX), but not the other half since Encana's Cube approach has not been tried before in the STACK/SCOOP play. The OKC play comes with concern around inventory quality and higher gas-oil ratios, added Wong, who now views Encana as a "show me" story. He lowered his price target on Encana shares to $15 from $19 and also raised his price target on Newfield shares to $31 to $23.
11/02/18
SUSQ
11/02/18
DOWNGRADE
SUSQ
Neutral
Newfield Exploration downgraded to Neutral from Positive at Susquehanna
11/02/18
SBSH
11/02/18
DOWNGRADE
SBSH
Neutral
Newfield Exploration downgraded to Neutral from Buy at Citi
Citi analyst Robert Morris downgraded Newfield Exploration (NFX) to Neutral to reflect the takeover by Encana (ECA). The analyst believes Newfield's decision to sell to a larger, more diversified Exploration & Production company at this stage as the right one.
11/05/18
BMOC
11/05/18
DOWNGRADE
Target $12
BMOC
Market Perform
Encana downgraded to Market Perform at BMO Capital on Newfield deal
As reported earlier, BMO Capital analyst Randy Ollenberger downgraded Encana (ECA) to Market Perform from Outperform and lowered his price target to $12 from $18. The analyst says the company's "solid" Q3 results were "overshadowed" by its proposed $7.7B acquisition of Newfield Exploration (NFX) that produced a "material selloff" in its stock price, reflecting investors concerns over the "asset base and a shift in the underlying investment thesis" of the latter. Ollenberger contends that while the sell-off may be overdone, he expects the stock price to trade range-bound until more visibility over the benefits of the deal emerge.
CVX Chevron
$116.19

-3.23 (-2.70%)

10/03/18
REDB
10/03/18
DOWNGRADE
REDB
Neutral
Chevron downgraded to Neutral from Buy at Redburn
Redburn analyst Rob West downgraded Chevron to Neutral from Buy with a $115 fair value, down from $130 saying it benefits less from tightness in gas and increasing late cycle risks.
10/22/18
SIMM
10/22/18
INITIATION
Target $139
SIMM
Overweight
Chevron assumed with an Overweight at Simmons
Simmons analyst Blake Fernandez assumed Chevron with an Overweight rating and a price target of $139 as part of his broader research note on Integrated Oils, suggesting that the industry stands to benefit from the current stage of the energy cycle. Fernandez adds that Chevron is his Top Idea given that it had the worst year-to-date equity performance in the peer group and expects the stock to "play catch-up". The analyst further points to the company's "ample Permian takeaway capacity" as alleviation of "industry bottlenecks next year could prompt fund rotation back into equities with leverage" to the region.
11/05/18
FBCO
11/05/18
UPGRADE
FBCO
Outperform
Chevron upgraded to Outperform from Neutral at Credit Suisse
11/05/18
11/05/18
UPGRADE
Target $138

Outperform
Chevron upgraded to Outperform on continued execution at Credit Suisse
As previously reported, Credit Suisse analyst William Featherston upgraded Chevron to Outperform from Neutral, with a $138 price target, citing continued execution, free cash flow visibility and compelling valuation. The analyst believes the company continues to execute on its already superior growth outlook, which should translate into better than expected capital efficiencies into 2019 and sets up for continued robust free cash flow. He sees upside to 2019-2020 volume forecasts supported by strong Permian growth, driving an estimated about $10B-$11B per annum of surplus free cash flow generation, which should enable Chevron to sustain competitive dividend growth and expand the scope of its current share buyback program.
EWY iShares MSCI South Korea Index Fund
$58.89

-1.05 (-1.75%)

TODAY'S FREE FLY STORIES

SCL

Stepan Company

$75.84

0.62 (0.82%)

21:26
12/10/18
12/10
21:26
12/10/18
21:26
Initiation
Stepan Company initiated  »

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21:25
12/10/18
12/10
21:25
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21:25
Conference/Events
Morgan Stanley semiconductors analysts to hold analyst/industry conference call »

U.S. Semiconductors…

POL

PolyOne

$30.74

-0.24 (-0.77%)

21:17
12/10/18
12/10
21:17
12/10/18
21:17
Initiation
PolyOne initiated  »

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OLN

Olin

$20.32

0.14 (0.69%)

21:14
12/10/18
12/10
21:14
12/10/18
21:14
Initiation
Olin initiated  »

Olin initiated with a Buy…

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KRA

Kraton

$24.26

0.3 (1.25%)

21:07
12/10/18
12/10
21:07
12/10/18
21:07
Initiation
Kraton initiated  »

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HT

Hersha Hospitality

$18.49

-0.27 (-1.44%)

20:57
12/10/18
12/10
20:57
12/10/18
20:57
Downgrade
Hersha Hospitality rating change  »

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CARS

Cars.com

$23.94

-0.37 (-1.52%)

20:53
12/10/18
12/10
20:53
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20:53
Hot Stocks
Cars.com responds to letter from Starboard Value fund »

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VERI

Veritone

$6.90

1.28 (22.78%)

20:49
12/10/18
12/10
20:49
12/10/18
20:49
Hot Stocks
Veritone confirms unsolicited bid from Apis Capital »

Veritone confirmed that…

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NGVT

Ingevity

$86.46

1.31 (1.54%)

20:47
12/10/18
12/10
20:47
12/10/18
20:47
Initiation
Ingevity initiated  »

Ingevity initiated with a…

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FUL

H.B. Fuller

$41.36

-0.36 (-0.86%)

20:38
12/10/18
12/10
20:38
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20:38
Initiation
H.B. Fuller initiated  »

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EMN

Eastman Chemical

$72.77

-0.36 (-0.49%)

20:29
12/10/18
12/10
20:29
12/10/18
20:29
Initiation
Eastman Chemical initiated  »

Eastman Chemical…

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DSW

DSW

$23.04

-1.19 (-4.91%)

20:25
12/10/18
12/10
20:25
12/10/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

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  • 11

    Dec

CE

Celanese

$89.79

-1.445 (-1.58%)

20:24
12/10/18
12/10
20:24
12/10/18
20:24
Initiation
Celanese initiated  »

Celanese initiated with a…

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03/08/13
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03/06/13
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ASIX

AdvanSix

$25.33

0.18 (0.72%)

20:18
12/10/18
12/10
20:18
12/10/18
20:18
Initiation
AdvanSix initiated  »

AdvanSix initiated with a…

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GWW

Grainger

$285.60

-3.88 (-1.34%)

20:11
12/10/18
12/10
20:11
12/10/18
20:11
Initiation
Grainger initiated  »

Grainger initiated with a…

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03/08/13
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  • 24

    Jan

NFLX

Netflix

$269.80

4.66 (1.76%)

20:00
12/10/18
12/10
20:00
12/10/18
20:00
Initiation
Netflix initiated  »

Netflix initiated with a…

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VIVHY

Vivendi

$0.00

(0.00%)

19:12
12/10/18
12/10
19:12
12/10/18
19:12
Periodicals
Vivendi seeks to invest in Trump partner's Indonesia TV unit, Bloomberg says »

Vivendi is seeking to…

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

19:05
12/10/18
12/10
19:05
12/10/18
19:05
Periodicals
Human rights orgs urge Google to not launch censored app in China, Verge says »

Dozens of human rights…

GOOG

Alphabet

$1,040.02

3.5 (0.34%)

GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

03/08/13
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03/06/13
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03/06/13
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  • 11

    Dec

  • 03

    Mar

ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

, ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

18:59
12/10/18
12/10
18:59
12/10/18
18:59
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Ascena…

ASNA

Ascena Retail

$2.73

-0.28 (-9.30%)

ASPU

Aspen Group

$5.66

-0.14 (-2.41%)

CARS

Cars.com

$23.94

-0.37 (-1.52%)

TROX

Tronox

$7.05

-0.25 (-3.42%)

CR

Crane

$78.23

-0.99 (-1.25%)

SFIX

Stitch Fix

$25.92

-0.42 (-1.59%)

CASY

Casey's General Stores

$119.64

-1.78 (-1.47%)

NX

Quanex

$14.05

-0.13 (-0.92%)

CAMP

CalAmp

$17.02

-0.23 (-1.33%)

RARX

RA Pharmaceuticals

$17.58

1.13 (6.87%)

SAEX

SAExploration

$3.33

-0.11 (-3.20%)

03/08/13
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03/06/13
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03/06/13
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  • 10

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    Dec

  • 19

    Dec

  • 12

    Dec

TROX

Tronox

$7.05

-0.25 (-3.42%)

18:46
12/10/18
12/10
18:46
12/10/18
18:46
Hot Stocks
Tronox CEO discloses purchase of 25K shares of common stock »

In a regulatory filing,…

03/08/13
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03/06/13
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ALGT

Allegiant Travel

$124.89

-1.45 (-1.15%)

18:37
12/10/18
12/10
18:37
12/10/18
18:37
Hot Stocks
Allegiant reports November total systems traffic up 10.1% »

Reports total systems…

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SPLK

Splunk

$108.55

2.85 (2.70%)

18:27
12/10/18
12/10
18:27
12/10/18
18:27
Periodicals
Splunk CEO says customers can now talk via voice-enabled assistants, CNBC says »

Splunk president and CEO…

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  • 10

    Dec

  • 19

    Dec

  • 20

    Dec

  • 09

    Jan

EFC

Ellington Financial

$15.57

0.01 (0.06%)

18:22
12/10/18
12/10
18:22
12/10/18
18:22
Hot Stocks
Ellington Financial reports book value per share of $19.37 as of Nov. 30th »

Ellington Financial…

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03/06/13
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NTDOY

Nintendo

$0.00

(0.00%)

18:22
12/10/18
12/10
18:22
12/10/18
18:22
Periodicals
New 'Smash Bros.' fastest selling Switch game so far, Gamesindustry.biz says »

Nintendo's latest…

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GOOG

Alphabet

$1,040.02

3.5 (0.34%)

, GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

18:15
12/10/18
12/10
18:15
12/10/18
18:15
Periodicals
Google CEO supports privacy law, denies political bias, Bloomberg says »

Google CEO Sundar Pichai…

GOOG

Alphabet

$1,040.02

3.5 (0.34%)

GOOGL

Alphabet Class A

$1,052.80

5.81 (0.55%)

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

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  • 11

    Dec

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    Mar

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