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LB

L Brands

$33.73

0.7 (2.12%)

, HPE

HP Enterprise

$15.10

0.04 (0.27%)

09:55
12/06/18
12/06
09:55
12/06/18
09:55

Early notable gainers among liquid option names on December 6th

Notable gainers among liquid option names this morning include L Brands (LB) $33.91 +0.89, Hewlett Packard Enterprise (HPE) $15.45 +0.40, Edwards Lifesciences (EW) $160.41 +3.10, PulteGroup (PHM) $25.97 +0.35, and Costco (COST) $229.10 +2.82.

LB

L Brands

$33.73

0.7 (2.12%)

HPE

HP Enterprise

$15.10

0.04 (0.27%)

EW

Edwards Lifesciences

$159.96

2.635 (1.67%)

PHM

PulteGroup

$25.94

0.32 (1.25%)

COST

Costco

$230.10

3.77 (1.67%)

  • 11

    Dec

  • 18

    Dec

LB L Brands
$33.73

0.7 (2.12%)

11/20/18
LOOP
11/20/18
NO CHANGE
Target $24
LOOP
Sell
Loop Capital surprised by L Brands halving dividend
Loop Capital analyst Laura Champine keeps her Sell rating and $24 price target on L Brands shares following what she called "another very difficult quarter" for Victoria's Secret. She expects consensus estimates for FY19 to move lower and would need to see a turnaround for the lingerie brands before she could be more constructive on the stock, Champine tells investors. She did not expect L Brands to cut its dividend in half and fears the decrease may reflect a potential for a more severe decline in FY19 free cash flow than she has been expected, the analyst added.
11/26/18
BFIN
11/26/18
NO CHANGE
BFIN
L Brands mentioned positively at BlueFin
11/26/18
KEYB
11/26/18
NO CHANGE
KEYB
Holiday season got off to healthy start, says KeyBanc
KeyBanc analyst Edward Yruma thinks the holiday shopping season got off to a healthy start as online continues to grab incremental share given the normalization of promotions across physical and digital channels. The analyst notes that traffic levels were stable across his store checks, and his initial observations point to the potential for a strong holiday season. Across his coverage, standouts include Walmart (WMT), Old Navy (GPS), and Urban Outfitters (URBN). Lululemon (LULU) had website difficulties when it launched its Black Friday promos on Thursday, he notes, while Gap and Victoria's Secret (LB) both seemed soft.
11/20/18
JEFF
11/20/18
NO CHANGE
Target $21
JEFF
Underperform
Jefferies encouraged by L Brands dividend cut but remains cautious
Jefferies analyst Randal Konik is encouraged that L Brands is "taking steps in the right direction," including cutting the dividend, closing Henri Bendel, and pursuing strategic options for La Senza. The analyst, however, remains cautious on the shares saying Pink declines are deepening, Victoria's Secret is "still subject to pressure from competition" and Bath & Body Works trends "have peaked." He keeps an Underperform rating on L Brands with a $21 price target.
HPE HP Enterprise
$15.10

0.04 (0.27%)

08/29/18
BMOC
08/29/18
NO CHANGE
Target $18
BMOC
Market Perform
HP Enterprise core business may remain under pressure, says BMO Capital
BMO Capital analyst Tim Long is lowering his price target on HP Enterprise to $18 from $19 with a maintained Market Perform rating, saying that while the company posted better than expected earnings yesterday, its core servers and storage could remain under pressure. The analyst also sees "no major catalysts" on the horizon for HP Enterprise outside of its capital program and diminished storage business transparency becoming an issue for shareholders. Given the competitive landscalpe, Long believes that further share gains for the company may be "difficult".
10/25/18
LOOP
10/25/18
NO CHANGE
Target $23
LOOP
Buy
HP Enterprise sees continued 'robust demand', says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $23 price target on HP Enterprise after its Analyst Day presentation. The analyst believes that the management's guidance for 2019 was "conservative" and also points to its expectations of "robust demand with no impact from macro concerns". Baruah further cites the company's view that tariff concerns are immaterial for its business, calling the stock an "enterprise beacon in a sea of concern".
10/23/18
SUSQ
10/23/18
NO CHANGE
SUSQ
Susquehanna downgrades Enterprise Hardware sector on cloud downturn
Susquehanna analyst Mehdi Hosseini downgraded his sector view for Enterprise Hardware, stating that top executives at Cloud service providers and Enterprise customers appear to have become more cautious about 2019 spending plans and the "digestion period" he has been anticipating by YE18 and into 1H19 appears to have evolved into a more worrisome "downturn." In the sector, as previously reported, Hosseini downgraded NetApp (NTAP) to Neutral from Positive, stating that it is unclear how sizable HCI and Cloud will be to NetApp in the near-term, while the core business enters a period of tough comparisons. He is also maintaining his Negative rating on Nutanix (NTNX) and Neutral ratings on HP Enterprise (HPE) and Pure Storage (PSTG).
09/26/18
UBSW
09/26/18
INITIATION
Target $17
UBSW
Neutral
HP Enterprise initiated with a Neutral at UBS
UBS analyst John Roy started HP Enterprise with a Neutral rating and $17 price target. The analyst views the shift to the cloud as a concern for the company but believes artificial intelligence could be a growth driver.
EW Edwards Lifesciences
$159.96

2.635 (1.67%)

11/27/18
UBSW
11/27/18
INITIATION
UBSW
Neutral
Edwards Lifesciences initiated with a Neutral at UBS
UBS analyst Matthew Taylor initiated Edwards Lifesciences with a Neutral rating and $165 price target.
12/06/18
STFL
12/06/18
NO CHANGE
Target $175
STFL
Buy
Stifel raises Edwards price target to $175 after 'broadly positive' analyst day
Stifel analyst Rick Wise called Edwards Lifesciences' analyst day "broadly positive," stating that it highlighted the company's "expansive pipeline" of products that can potentially enhance growth. The company's longer-term market sizing discussion suggests management sees sustainable mid-teens TAVR market growth through the middle of next decade, noted Wise. Following the event, he keeps a Buy rating on Edwards and increased his price target on the stock to $175 from $155.
12/06/18
RBCM
12/06/18
NO CHANGE
Target $175
RBCM
Outperform
Edwards Lifesciences price target raised to $175 from $153 at RBC Capital
RBC Capital analyst Glenn Novarro raised his price target on Edwards Lifesciences to $175 and kept his Outperform rating after its Analyst Day presentation. The analyst notes that the 2019 revenue growth guidance of 11%-15% "demonstrates the sustainability of double-digit growth in transcatheter aortic valve replacement business despite increased competition and pricing/reimbursement headwinds."
12/06/18
JEFF
12/06/18
NO CHANGE
Target $180
JEFF
Buy
Edwards Lifesciences price target raised to $180 from $168 at Jefferies
Jefferies analyst Raj Denhoy raised his price target for Edwards Lifesciences to $180 after the company at its investor meeting offered an outlook for a $7B market in 2024, a "healthy" 10%-plus annual growth rate. The analyst sees nothing to change his long-term positive view and keeps a Buy rating on Edwards Lifesciences.
PHM PulteGroup
$25.94

0.32 (1.25%)

10/25/18
EVER
10/25/18
UPGRADE
EVER
Outperform
PulteGroup upgraded to Outperform from In Line at Evercore ISI
10/25/18
EVER
10/25/18
UPGRADE
Target $28
EVER
Outperform
PulteGroup upgraded to Outperform on valuation at Evercore ISI
As previously reported, Evercore ISI upgraded PulteGroup to Outperform from In Line and trimmed its price target to $28 from $29. Analyst Stephen Kim said the Homebuilders group has sold off sharply and is now trading at a 20% discount to book values, a traditional buy signal. PulteGroup reported a largely in line Q3 within Kim's expectations with disappointing closings partially offset by impressive SG&A.
11/12/18
BOFA
11/12/18
DOWNGRADE
BOFA
Underperform
PulteGroup downgraded to Underperform from Neutral at BofA/Merrill
11/12/18
11/12/18
DOWNGRADE
Target $26

Underperform
PulteGroup downgraded to Underperform at BofA/Merrill
As previously reported, BofA/Merrill downgraded PulteGroup to Underperform from Neutral and lowered its price target to $26 from $28. Analyst John Lovallo said PulteGroup's greater mix of product at move-up buyer price points will continue to pressure growth versus peers with a higher mix of first/entry level offerings.
COST Costco
$230.10

3.77 (1.67%)

11/06/18
BARD
11/06/18
NO CHANGE
BARD
Baird expects another solid month of sales from Costco
Baird analyst Peter Benedict expects another solid month of sales for Costco -- with core comps for October around 7% -- as comparisons ease and traffic likely remained firm. In November, the analyst added, comparisons step up slightly, so some deceleration seems likely. Benedict reiterated an Outperform rating and $250 price target on Costco shares.
12/03/18
12/03/18
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. Verizon (VZ) downgraded to Neutral from Overweight at JPMorgan with analyst Philip Cusick saying that as much as he likes Verizon's "consistent and improving execution," the combination of a new management team and reporting lines with the stock's 17% year-to-date increase make the risk/reward less compelling than peers AT&T (T) and Comcast (CMCSA). 2. Costco (COST) downgraded to Neutral from Buy at Citi with analyst Kate McShane saying she sees "more headwinds than tailwinds likely in 2019" for Costco. 3. Tractor Supply (TSCO) downgraded to Perform from Outperform at Oppenheimer with analyst Brian Nagel saying he views lower oil prices as a risk for the company. 4. LabCorp (LH) downgraded to Hold from Buy at Craig-Hallum and to Neutral from Buy at BofA/Merrill. 5. Quest Diagnostics (DGX) downgraded to Neutral from Buy at BofA/Merrill with analyst Derik de Bruin citing the cut in FY18 guidance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/03/18
SBSH
12/03/18
DOWNGRADE
Target $238
SBSH
Neutral
Costco downgraded to Neutral from Buy at Citi
Citi analyst Kate McShane downgraded Costco Wholesale (COST) and lowered her price target for the shares to $238 from $257. The analyst sees "more headwinds than tailwinds likely in 2019" for Costco. Her top Hardlines & Broadlines idea for 2019 is AutoZone (AZO) and her favored smaller cap ideas are BJ's Wholesale (BJ) and RH (RH).
12/06/18
BARD
12/06/18
NO CHANGE
Target $250
BARD
Outperform
Baird remains buyer of Costco after 'strong' start to holiday season
Costco reported a "strong start to the holiday," with November comps up 9.2% and core trends rising 8.5%, well ahead of expectations, Baird analyst Peter Benedict tells investors in a research note. The acceleration from October's 6.6% core comp is notable as compares steepened by 230 basis points, Benedict tells investors in a research note. The analyst continues to like the fundamental setup for Costco shares, citing the company's "best-in-class" sales momentum. He remains a buyer with an Outperform rating and a "view" to his $250 price target.

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PCG

PG&E

$8.03

0.3 (3.88%)

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DLX

Deluxe

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WTBA

West Bancorp

$20.09

0.17 (0.85%)

08:36
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AAL

American Airlines

$31.57

-1.18 (-3.60%)

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UTX

United Technologies

$117.08

5.85 (5.26%)

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FMBH

First Mid-Illinois Bancshares

$33.31

-0.13 (-0.39%)

08:35
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Earnings
First Mid-Illinois Bancshares reports Q4 EPS 62c, consensus 73c »

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General news
U.S. initial jobless claims dropped 13k to 199k in the week ended January 19 »

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CTRA

Contura Energy

$64.21

-0.64 (-0.99%)

08:34
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  • 24

    Jan

  • 31

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08:34
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Conference/Events
U.S. Energy Association to hold a forum »

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SPA

Sparton

$18.40

0.08 (0.44%)

08:34
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POL

PolyOne

$31.07

-0.17 (-0.54%)

08:33
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  • 29

    Jan

08:32
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General news
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GOOS

Canada Goose

$49.59

-0.4 (-0.80%)

, GOOGL

Alphabet Class A

$1,085.27

6.59 (0.61%)

08:29
01/24/19
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08:29
Downgrade
Canada Goose, Alphabet Class A, Alphabet, Facebook rating change  »

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GOOS

Canada Goose

$49.59

-0.4 (-0.80%)

GOOGL

Alphabet Class A

$1,085.27

6.59 (0.61%)

GOOG

Alphabet

$1,076.04

5.32 (0.50%)

FB

Facebook

$144.35

-3.45 (-2.33%)

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  • 24

    Jan

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  • 30

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    Feb

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SO

Southern Company

$47.58

0.47 (1.00%)

08:28
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NKE

Nike

$80.52

-0.23 (-0.28%)

, ADDYY

Adidas

$0.00

(0.00%)

08:27
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NKE

Nike

$80.52

-0.23 (-0.28%)

ADDYY

Adidas

$0.00

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BTX

BioTime

$0.92

-0.0193 (-2.05%)

08:27
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08:27
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INCY

Incyte

$75.20

-2.11 (-2.73%)

08:25
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BLPH

Bellerophon

$0.68

-0.2007 (-22.79%)

08:24
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  • 23

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AAWW

Atlas Air

$49.61

-0.5 (-1.00%)

08:22
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CP

Canadian Pacific

$195.71

0.02 (0.01%)

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Conference/Events
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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:20
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$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
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Technical Analysis
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