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UDR

UDR, Inc.

$42.44

0.55 (1.31%)

, UA

Under Armour

$22.48

0.73 (3.36%)

10:16
11/30/18
11/30
10:16
11/30/18
10:16

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UDR, Inc. (UDR) upgraded to Buy from Hold at Jefferies with analyst Omotayo Okusanya saying the company's above average net operating income growth and development pipeline position it to be one of the best funds from operations growth stories in 2019. 2. Under Armour (UAA) upgraded to Market Perform from Underperform at Wells Fargo with analyst Tom Nikic saying after two-plus years of "choppy operating performance," the worst is now over for Under Armour. 3. WWE (WWE) upgraded to Overweight from Neutral at JPMorgan with analyst David Karnovsky saying shares are off 26% from peak levels reached at the end of September and now trade at 14.5 times estimated 2020 adjusted OIBDA. 4. Volaris (VLRS) upgraded to Hold from Reduce at HSBC. 5. Sony (SNE) 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.

UDR

UDR, Inc.

$42.44

0.55 (1.31%)

UA

Under Armour

$22.48

0.73 (3.36%)

UAA

Under Armour

$24.01

0.86 (3.71%)

WWE

WWE

$74.02

1.9 (2.63%)

VLRS

Volaris

$6.37

0.03 (0.47%)

SNE

Sony

$52.81

0.915 (1.76%)

  • 03

    Dec

  • 12

    Dec

  • 19

    Dec

  • 03

    Mar

UDR UDR, Inc.
$42.44

0.55 (1.31%)

11/30/18
JEFF
11/30/18
UPGRADE
Target $47
JEFF
Buy
UDR, Inc. upgraded to Buy from Hold at Jefferies
Jefferies analyst Omotayo Okusanya upgraded UDR, Inc. (UDR) to Buy and raised his price target for the shares to $47 from $42. The company's above average net operating income growth and development pipeline position it to be one of the best funds from operations growth stories in 2019, Okusanya tells investors in a research note. Further, the analyst sees UDR as one of the biggest beneficiaries from Amazon's (AMZN) new headquarters. He notes the company owns one asset in New York with a commute under 30 minutes to the new Long Island City headquarters and three assets within a three-mile radius to the new headquarters in Arlington, Virginia.
11/20/18
BARD
11/20/18
DOWNGRADE
BARD
Neutral
UDR, Inc. downgraded to Neutral from Outperform at Baird
11/20/18
BARD
11/20/18
DOWNGRADE
Target $42
BARD
Neutral
UDR, Inc. downgraded to Neutral at Baird
As reported previously, Baird analyst Drew Babin downgraded UDR, Inc. to Neutral from Outperform. The analyst believes its AFFO multiple is fair given that he expects AFFO growth to decelerate in 2020. Although he expects 2019 to outpace the group due to internal growth and stabilization of development deliveries, he believes it is already reflected in the stock. Babin raised his price target to $42 from $40 on UDR, Inc. shares.
11/19/18
SOCO
11/19/18
INITIATION
Target $43
SOCO
Equalweight
UDR, Inc. initiated with an Equalweight at Capital One
Capital One initiated UDR, Inc. with an Equalweight and $43 price target.
UA Under Armour
$22.48

0.73 (3.36%)

11/27/18
BARD
11/27/18
NO CHANGE
Target $31
BARD
Outperform
Under Armour Fresh Pick designation removed at Baird
Baird analyst Jonathan Komp removed the Fresh Pick designation on Under Armour as the stock has recently outperformed the market. The analyst preferred to lock in gains ahead of the earnings reports from sporting goods retailers later this week. He still sees a favorable setup into year-end and 2019, including its December 12 analyst day. Komp maintained his Outperform rating and $31 price target on Under Armour shares.
11/30/18
WELS
11/30/18
UPGRADE
WELS
Market Perform
Wells Fargo says worst over for Under Armour, upgrades to Market Perform
Wells Fargo analyst Tom Nikic upgraded Under Armour (UAA) to Market Perform from Underperform and raised his price target for the shares to $23 from $22. The stock closed yesterday up 13c to $23.14. After two-plus years of "choppy operating performance," the worst is now over for Under Armour, Nikic proclaims in a research note to investors. "Simply put, the bear case appears to have run out of steam," adds the analyst. Further, he believes the upcoming analyst day on December 12 is more likely to be a positive catalyst than a negative one. Management will lay out bullish long-term sales and margin targets, Nikic predicts. As such, the analyst no longer sees a "negative skew" to the shares and views the near-term setup as favorable.
11/30/18
WELS
11/30/18
UPGRADE
WELS
Market Perform
Under Armour upgraded to Market Perform from Underperform at Wells Fargo
11/27/18
MSCO
11/27/18
NO CHANGE
Target $21
MSCO
Equal Weight
Under Armour Investor Day may outline path to sales growth, says Morgan Stanley
Morgan Stanley analyst Lauren Cassel kept her Equal-weight rating and $21 price target on Under Armour ahead of its December 12th Investor Day - the company's first in 3 years. The analyst notes that she sees about a 40% chance that the management outlines a 5-year path to high-single-digit revenue growth per year and a 10% increase in EBIT margins, which may yield a 10% rise in the stock price that the options on Under Armour stock are not pricing in. Cassel adds that the stock price reaction may also hinge on the extent of detail that the management provides in terms of bridging the EBIT margin gap from the 3% today. The analyst's base case with probability of 40% is a high-single-digit 5-year EBIT margin target driven by mid-single-digit revenue growth and her bear case with a 20% probability is a low-to-mid single digit revenue guidance with mid-single-digit EBIT margin.
UAA Under Armour
$24.01

0.86 (3.71%)

WWE WWE
$74.02

1.9 (2.63%)

11/28/18
GUGG
11/28/18
NO CHANGE
Target $105
GUGG
Buy
WWE price target raised to $105 on better India renewal outlook at Guggenheim
Guggenheim analyst Curry Baker raised his outlook for WWE's renewal in India to an average annual value of $124M from $85M citing India's competitive, growing media ecosystem. The analyst, who note that his new AAV forecast is about a 5-times step-up from the current deal, raised his price target on WWE shares to $105 from $100 and keeps a Buy rating on the stock.
11/27/18
FBNS
11/27/18
UPGRADE
FBNS
Outperform
WWE upgraded to Outperform from Sector Perform at FBN Securities
11/30/18
JPMS
11/30/18
UPGRADE
Target $87
JPMS
Overweight
WWE upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst David Karnovsky upgraded WWE to Overweight and raised his price target for the shares to $87 from $84.
11/30/18
JPMS
11/30/18
UPGRADE
Target $87
JPMS
Overweight
WWE upgraded to Overweight with $87 price target at JPMorgan
JPMorgan analyst David Karnovsky upgraded WWE to Overweight from Neutral and raised his price target for the shares to $87 from $84. Shares are off 26% from peak levels reached at the end of September and now trade at 14.5 times estimated 2020 adjusted OIBDA, Karnovsky tells investors in a research note. While the valuation is a slight premium to WWE's historical average, the company now has greater visibility into multi-year OIBDA growth and capital returns, driven by step-ups and escalators on U.S. TV contracts, with upside from international agreements, mainly in India, says the analyst. He views WWE as a "value opportunity."
VLRS Volaris
$6.37

0.03 (0.47%)

09/28/18
UBSW
09/28/18
DOWNGRADE
UBSW
Sell
Volaris downgraded to Sell from Neutral at UBS
11/29/18
IMPC
11/29/18
DOWNGRADE
Target $4.5
IMPC
Underperform
Volaris downgraded to Underperform from In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin downgraded Volaris to Underperform and lowered his price target for the shares to $4.50 from $7. The company is unlikely to be profitable in fiscal 2019 if the U.S. dollar/peso exchange rate remains at or above 20, Derchin tells investors in a research note. Further, the analyst points out that Volaris' fares are already under pressure in Mexico due to overcapacity and a growing low-cost carrier presence in the market.
11/29/18
11/29/18
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. American Express (AXP) downgraded to Neutral from Buy at Buckingham with analyst Chris Brendler saying American Express is not expensive based on relative historical norms, but shares have outperformed other payment stocks year-to-date. 2. Intel (INTC) downgraded to Hold from Buy at DZ Bank. 3. Dick's Sporting (DKS) downgraded to Neutral from Overweight at JPMorgan with analyst Christopher Horvers saying he believes the risk/reward is "turning more balanced" following yesterday's Q3 results. 4. Volaris (VLRS) downgraded to Underperform from In-Line at Imperial Capital with analyst Michael Derchin saying the company is unlikely to be profitable in fiscal 2019 if the U.S. dollar/peso exchange rate remains at or above 20. 5. Constellation Brands (STZ) downgraded to Neutral from Outperform at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/29/18
HSBC
11/29/18
UPGRADE
Target $6.21
HSBC
Hold
Volaris upgraded to Hold from Reduce at HSBC
HSBC analyst Alexandre Falcao upgraded Volaris to Hold from Reduce but lowered his price target to $6.21 from $6.85.
SNE Sony
$52.81

0.915 (1.76%)

11/30/18
SBSH
11/30/18
UPGRADE
SBSH
Buy
Sony upgraded to Buy from Neutral at Citi
Citi analyst Kota Ezawa upgraded Sony to Buy with an increased price target of 9,000 yen.
10/22/18
MSCO
10/22/18
NO CHANGE
MSCO
Morgan Stanley says publishers in 'win-win' situation as consoles move to cloud
Morgan Stanley analyst Brian Nowak sees changes coming to the $53B global console gaming market as the business model transitions toward subscription pricing and cloud delivery. The transition will lead to 2% CAGR console gaming revenue growth from 2017-2025, but gross profit growth accelerating to 6%, Nowak estimates. He believes game publishers such as Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two (TTWO) will likely need to partner and bundle content to drive material consumer adoption, but he sees them being in a "win-win" position, because even if the console makers or other aggregators drive the cloud transition, the leading publishers can still benefit from expansion in the player base, Nowak tells investors. While console players Microsoft (MSFT) and Sony (SNE) have the most at risk from these changes, they are also positioned best to build and grow game subscription services, Nowak added.
10/19/18
PIPR
10/19/18
NO CHANGE
PIPR
September NPD video game software sales dropped 8%, says Piper Jaffray
Overall September NPD video game software sales were down 8% year-over-year despite launches of strong franchises, Piper Jaffray analyst Michael Olson tells investors in a research note. The top title for Sept. was Sony's (SNE) Spiderman followed by Take-Two's (TTWO) NBA 2K19, Ubisoft's Assassin's Creed and Electronic Arts' (EA) FIFA 19, the analyst points out. Olson views the Sept. NPD data as less relevant for Activision Blizzard (ATVI) given his expectation for greater than 75% of its revenue coming from digital sources. He maintains Overweight ratings on Activision, Electronic Arts and Take-Two.
09/10/18
FBCO
09/10/18
UPGRADE
FBCO
Outperform
Sony upgraded to Outperform from Neutral at Credit Suisse

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YY

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HBI

Hanesbrands

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Initiation
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SGEN

Seattle Genetics

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