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KTOS

Kratos Defense

$14.65

1.01 (7.40%)

, SLG

SL Green Realty

$93.58

0.26 (0.28%)

10:37
12/10/18
12/10
10:37
12/10/18
10:37

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Kratos Defense (KTOS) upgraded to Buy from Neutral at Goldman Sachs with analyst Noah Poponak citing the company's "long list of new growth programs," many of which are yet to fully develop, and expects organic revenue to grow nearly 20% in 2019 and 2020 before stabilizing at a sustained double digit rate "through the middle of the next decade." 2. SL Green Realty (SLG) upgraded to Buy from Hold at Deutsche Bank with analyst Derek Johnston sayinh he is increasingly bullish on the New York City leasing environment. 3. Five Below (FIVE) upgraded to Buy from Hold at Loop Capital Loop Capital with analyst Anthony Chukumba saying Five Below is more "economic downturn resistant" than most retailers and has a long square footage growth runway ahead of it. 4. U.S. Steel (X) upgraded to Neutral from Sell at UBS with analyst Andreas Bokkenheuser saying he remains cautious on the sector, as he expect steel prices to trade down to $660/st from $760/st spot. 5. Capital One (COF) upgraded to Outperform from Neutral at Baird with analyst David George saying the valuation is "too compelling to ignore" for this "quality" franchise. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

KTOS

Kratos Defense

$14.65

1.01 (7.40%)

SLG

SL Green Realty

$93.58

0.26 (0.28%)

FIVE

Five Below

$98.45

2.92 (3.06%)

X

U.S. Steel

$21.00

-0.3 (-1.41%)

COF

Capital One

$81.84

-0.82 (-0.99%)

  • 11

    Dec

  • 12

    Dec

KTOS Kratos Defense
$14.65

1.01 (7.40%)

12/10/18
GSCO
12/10/18
UPGRADE
Target $20
GSCO
Buy
Kratos Defense upgraded to Buy from Neutral at Goldman Sachs
As reported earlier, Goldman Sachs analyst Noah Poponak upgraded Kratos to Buy from Neutral with a price target of $20. The analyst cites the company's "long list of new growth programs", many of which are yet to fully develop, and expects organic revenue to grow nearly 20% in 2019 and 2020 before stabilizing at a sustained double digit rate "through the middle of the next decade". Poponak also seeks the free cash flow at Kratos "inflecting positively" and gross margin rates benefiting from the revenue growth "drop-through".
12/09/18
GSCO
12/09/18
UPGRADE
GSCO
Buy
Kratos Defense upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs upgraded Kratos Defense to Buy saying unmanned could be 10 times today's size by 2025.
12/07/18
ADAM
12/07/18
NO CHANGE
Target $16
ADAM
Buy
Kratos Defense takeover speculation not surprising, says Canaccord
Canaccord analyst Ken Herbert noted Kratos Defense shares outperformed yesterday due to takeover speculation fueled by a Dealreporter story. The analyst said he is not surprised by the speculation given the company has leveraged its cost advantage and head start from its legacy target drone programs to build a very successful tactical drone program. He also believes the company is well positioned to grow in any defense budget climate. Herbert reiterated his Buy rating and $16 price target on Kratos Defense shares.
12/04/18
12/04/18
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. Activision Blizzard (ATVI) initiated with a Buy at Gabelli. 2. Kratos Defense (KTOS) initiated with an Outperform at Baird. 3. Capital Product (CPLP) initiated with a Buy at B. Riley FBR. 4. Veeva (VEEV) initiated with an Outperform at Leerink. 5. Presidio (PSDO) initiated with a Buy at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
SLG SL Green Realty
$93.58

0.26 (0.28%)

10/23/18
BARD
10/23/18
DOWNGRADE
BARD
Neutral
SL Green Realty downgraded to Neutral from Outperform at Baird
Baird analyst David Rodgers downgraded SL Green Realty to Neutral from Outperform, and lowered his price target to $103 from $109. The analyst said, after parsing the Q3 earnings results and call, that it will be difficult for SL Green Realty to "outperform in any meaningful way near term," with around 2.28M square feet of identifiable expirations highlighting the risks ahead.
10/23/18
BARD
10/23/18
DOWNGRADE
BARD
Neutral
SL Green Realty downgraded to Neutral from Outperform at Baird
10/16/18
SCOT
10/16/18
INITIATION
Target $105
SCOT
Outperform
SL Green Realty initiated with an Outperform at Scotiabank
Scotiabank analyst Nicholas Yulico initiated SL Green Realty with an Outperform and $105 price target.
12/10/18
DBAB
12/10/18
UPGRADE
Target $118
DBAB
Buy
SL Green Realty upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Derek Johnston upgraded SL Green Realty to Buy and raised his price target for the shares to $118 from $114. The analyst is increasingly bullish on the New York City leasing environment. Further, he sees value creation for SL Green with $500M in newly authorized share repurchases and believes the company's portfolio repositioning strategy is being underappreciated at current valuation levels.
FIVE Five Below
$98.45

2.92 (3.06%)

12/07/18
LEHM
12/07/18
UPGRADE
LEHM
Overweight
Five Below upgraded to Overweight from Equal Weight at Barclays
12/07/18
12/07/18
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. Tesla (TSLA) upgraded to Buy from Hold at Jefferies with analyst Philippe Houchois saying while the shares have done well since the Q3 report with Tesla having demonstrated its profit and self-funding potential, the company's growth becomes "value-accretive" just as peers are engaging in a mostly negative electric vehicle "sum game." 2. Helmerich & Payne (HP) upgraded to Neutral from Sell at Seaport Global with analyst Mike Urban citing valuation and expectations for a continued fundamental improvement through at least 1H 2019, regardless of commodity pricing. 3. FactSet (FDS) upgraded to Equal Weight from Underweight at Barclays with analyst Manav Patnaik saying while he understands the concerns causing the pullback in the capital markets names, this also presents attractive accumulation opportunities for long-term investors. 4. Five Below (FIVE) upgraded to Overweight from Equal Weight at Barclays. 5. SS&C (SSNC) upgraded to Strong Buy from Buy at Needham with analyst Mayank Tandon citing the "compelling valuation" on the stock trading at 13.5-times his expected forward earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/06/18
FBCO
12/06/18
NO CHANGE
Target $115
FBCO
Neutral
Five Below price target lowered to $115 from $125 at Credit Suisse
Credit Suisse analyst Judah Frommer lowered his price target for Five Below to $115 from $125 following quarterly results. The analyst believes that Q3 results highlight the strength of this unique, treasure-hunt-led value model, as another acceleration in the comp likely over-delivered versus investor expectations. Nonetheless, Frommer remains on the sidelines given the likely overhang continued tariff negotiations may present. He reiterates a Neutral rating on the shares.
12/10/18
LOOP
12/10/18
UPGRADE
Target $120
LOOP
Buy
Five Below upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Anthony Chukumba upgraded Five Below to Buy and raised his price target for the shares to $120 from $110. Five Below is more "economic downturn resistant" than most retailers and has a long square footage growth runway ahead of it, Chukumba tells investors in a research note. The analyst thinks Five Below's recent comp results shows improving merchandising and store-level execution as well as growing brand awareness. His price target implies 26% upside from current share levels.
X U.S. Steel
$21.00

-0.3 (-1.41%)

10/15/18
FBCO
10/15/18
NO CHANGE
FBCO
Neutral
Credit Suisse downgrades U.S. Steel sector along with three stocks
Credit Suisse analyst Curt Woodworth downgraded his view on the U.S. Steel sector to Market Weight from Overweight due to concerns with new supply entering the sheet market as well as with U.S demand as interest rates rise. The analyst sees "limited potential for multiple expansion given late cycle fears." Further, in addition to cycle concerns and new supply risk, capital allocation by companies has disappointed relative to investors "wish lists," Woodworth tells investors in a research note. Along with the sector, the analyst downgraded Nucor (NUE), Steel Dynamics (STLD), and Cleveland-Cliffs (CLF) to Neutral from Outperform. Woodworth keeps Outperform ratings on US Steel (X) and AK Steel (AKS) as he sees upside to Street estimates on better 2019 contract pricing as well as more attractive valuations relative to historical forward multiples.
11/27/18
LBOW
11/27/18
NO CHANGE
Target $40
LBOW
Buy
U.S. Steel price target lowered to $40 from $49 at Longbow
Longbow analyst Chris Olin lowered his 2019 and 2020 EBITDA forecasts for U.S. Steel (X) to reflect the falling price of crude oil, its possible effects on North American drilling over the next few months, and tubing channel sentiment. However, commenting on General Motors' (GM) plans to close or not to allocate product to 7 plants globally, Olin said he believes the news is fully reflected in the current light vehicle production outlook and he still assumes flat automotive-related steel shipments for the U.S. producers in 2019. Given his reduced estimates, Olin lowered his price target on U.S. Steel shares to $40 from $49 and keeps a Buy rating on the stock.
12/10/18
UBSW
12/10/18
UPGRADE
Target $22
UBSW
Neutral
U.S. Steel upgraded to Neutral from Sell at UBS
UBS analyst Andreas Bokkenheuser upgraded U.S. Steel to Neutral while lowering his price target for the shares to $22 from $28. The analyst remains cautious on the sector, as he expect steel prices to trade down to $660/st from $760/st spot. However, he cites valuation for his upgrade of U.S. Steel to Neutral with the stock down 45% since the Q1 peak. He sees limited downside from here, unless Section 232 steel import tariffs are repealed.
11/05/18
BMOC
11/05/18
NO CHANGE
Target $33
BMOC
Market Perform
U.S. Steel price target lowered to $33 from $36 at BMO Capital
BMO Capital analyst David Gagliano lowered his price target on U.S. Steel to $33 and kept his Market Perform rating after its Q3 results, also lowering his Q4 EBITDA forecast to $573M from $634M to reflect the management's revised view. The analyst notes that while the valuation on the stock looks "inexpensive", he anticipates 2019 to be "another year of high capex and high operating variability" along with lower HRC steel prices. Gagliano thus maintains that it is too soon to take a more constructive view of U.S. Steel stock.
COF Capital One
$81.84

-0.82 (-0.99%)

11/16/18
OPCO
11/16/18
NO CHANGE
Target $114
OPCO
Outperform
American Express new top credit card pick, says Oppenheimer
Oppenheimer analyst Dominick Gabriele said his new top pick in the credit card space is American Express (AXP) vs. Capital One (COF), as he sees more levers to drive EPS growth upside. In a research note to investors, Gabriele says TTM delinquency formation trends among his credit card coverage reflect a benign credit environment while net charge offs are likely to remain subdued.
12/10/18
BARD
12/10/18
UPGRADE
BARD
Outperform
Capital One upgraded to Outperform from Neutral at Baird
10/31/18
MSCO
10/31/18
NO CHANGE
MSCO
Morgan Stanley sees BB&T, AmEx as possible winners if Fed changes bank rules
Noting that the Federal Reserve will release a memo detailing proposed changes to bank capital rules to the public around 10 am today and is scheduled to vote on this proposal in a meeting starting at 10:30 am, Morgan Stanley analyst Betsy Graseck said BB&T (BBT) could be the biggest beneficiary with a 5% EPS increase if it is ruled that banks with more than $250B in assets that are not Global Systemically Important Banks should have more tailored regulation. Other potential beneficiaries of possible rule changes include American Express (AXP), Capital One (COF), Northern Trust (NTRS), PNC Financial (PNC) and U.S. Bancorp (USB), Graseck added.
12/10/18
BARD
12/10/18
UPGRADE
Target $101
BARD
Outperform
Capital One valuation 'too compelling to ignore,' says Baird
Baird analyst David George upgraded Capital One (COF) to Outperform from Neutral with a $101 price target, telling investors in a research note that the valuation is "too compelling to ignore" for this "quality" franchise. George acknowledges the high leverage to consumer lending and more limited credit visibility, but thinks bear-case earnings power in a recession is $9-$10/sh, and valuation still looks reasonable in this stressed scenario. George says Wells Fargo (WFC), Citizens Financial (CFG) and PNC (PNC) remain his other top Outperform-rated ideas.

TODAY'S FREE FLY STORIES

UBS

UBS

$12.21

0.06 (0.49%)

06:18
11/18/19
11/18
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11/18/19
06:18
Periodicals
Ermotti wants to remain UBS CEO until 2021, Reuters reports »

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  • 09

    Dec

USCR

U.S. Concrete

$43.08

-0.51 (-1.17%)

06:16
11/18/19
11/18
06:16
11/18/19
06:16
Downgrade
U.S. Concrete rating change  »

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NSANY

Nissan

$0.00

(0.00%)

06:16
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11/18
06:16
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06:16
Periodicals
Nissan recalls 400,000 cars over braking system defect, Reuters reports »

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ROK

Rockwell Automation

$200.22

1.32 (0.66%)

06:13
11/18/19
11/18
06:13
11/18/19
06:13
Upgrade
Rockwell Automation rating change  »

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  • 18

    Nov

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    Nov

VWAGY

Volkswagen

$0.00

(0.00%)

06:13
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11/18
06:13
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06:13
Hot Stocks
Breaking Hot Stocks news story on Volkswagen »

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CEO

Cnooc

$155.34

1.91 (1.24%)

06:13
11/18/19
11/18
06:13
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06:13
Hot Stocks
Cnooc appoints Wang Dongjin as chairman »

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WMGI

Wright Medical

$29.50

0.105 (0.36%)

06:13
11/18/19
11/18
06:13
11/18/19
06:13
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Wright Medical rating change  »

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03/06/13
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VWAGY

Volkswagen

$0.00

(0.00%)

06:13
11/18/19
11/18
06:13
11/18/19
06:13
Hot Stocks
Volkswagen confirms strategic financial targets of Together 2025+ »

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VWAGY

Volkswagen

$0.00

(0.00%)

06:12
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11/18
06:12
11/18/19
06:12
Hot Stocks
Volkswagen confirms outlook for 2019 »

The automaker previously…

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PH

Parker-Hannifin

$196.59

2.38 (1.23%)

06:12
11/18/19
11/18
06:12
11/18/19
06:12
Initiation
Parker-Hannifin initiated  »

Parker-Hannifin…

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03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

EADSY

Airbus

$0.00

(0.00%)

, BA

Boeing

$371.55

4.25 (1.16%)

06:11
11/18/19
11/18
06:11
11/18/19
06:11
Periodicals
Emirates orders 50 Airbus A350 jets worth $16B, Reuters reports »

Emirates has ordered 50…

EADSY

Airbus

$0.00

(0.00%)

BA

Boeing

$371.55

4.25 (1.16%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
Barclays

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OEC

Orion Engineered

$18.77

-0.08 (-0.42%)

06:10
11/18/19
11/18
06:10
11/18/19
06:10
Hot Stocks
Orion Engineered says director Kerry Galvin buys 1,800 common shares »

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03/06/13
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UTX

United Technologies

$149.32

1.17 (0.79%)

, EADSY

Airbus

$0.00

(0.00%)

06:09
11/18/19
11/18
06:09
11/18/19
06:09
Periodicals
IndiGo CEO says replacing Pratt engines in fleet 'challenging,' Reuters reports »

IndiGo CEO Ronojoy Dutta…

UTX

United Technologies

$149.32

1.17 (0.79%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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KB

KB Financial Group

$37.67

0.305 (0.82%)

06:09
11/18/19
11/18
06:09
11/18/19
06:09
Upgrade
KB Financial Group rating change  »

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AMRN

Amarin

$23.99

2.5 (11.63%)

06:09
11/18/19
11/18
06:09
11/18/19
06:09
Downgrade
Citi downgrades Amarin to Neutral, says strong sales growth priced in »

Citi analyst Joel Beatty…

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  • 28

    Dec

DRNA

Dicerna

$19.29

-0.86 (-4.27%)

, NVO

Novo Nordisk

$57.28

-0.61 (-1.05%)

06:08
11/18/19
11/18
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06:08
Hot Stocks
Dicerna, Novo Nordisk enter pact to develop RNAi therapies »

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DRNA

Dicerna

$19.29

-0.86 (-4.27%)

NVO

Novo Nordisk

$57.28

-0.61 (-1.05%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 07

    Dec

TNK

Teekay Tankers

$2.39

0.155 (6.94%)

06:08
11/18/19
11/18
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06:08
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Teekay Tankers rating change  »

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ELS

Equity Lifestyle

$69.44

0.795 (1.16%)

06:05
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06:05
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  • 28

    Jan

MU

Micron

$47.70

0.88 (1.88%)

, WDC

Western Digital

$50.34

-0.03 (-0.06%)

06:05
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11/18
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06:05
Periodicals
U.S. to extend license allowing companies to do business with Huawei, NYT says »

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MU

Micron

$47.70

0.88 (1.88%)

WDC

Western Digital

$50.34

-0.03 (-0.06%)

OCLR

Bought by LITE

$0.00

(0.00%)

ACIA

Acacia Communications

$67.08

0.58 (0.87%)

NPTN

NeoPhotonics

$8.57

0.08 (0.94%)

LITE

Lumentum

$68.91

0.91 (1.34%)

IIVI

II-VI

$29.45

0.19 (0.65%)

03/08/13
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03/06/13
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  • 19

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    Dec

  • 09

    Dec

AVEO

Aveo Pharmaceuticals

$0.64

-0.0088 (-1.37%)

06:05
11/18/19
11/18
06:05
11/18/19
06:05
Hot Stocks
Aveo Pharmaceuticals presents new data from Phase 3 TIVO-3 trial of tivozanib »

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AMRN

Amarin

$23.99

2.5 (11.63%)

06:05
11/18/19
11/18
06:05
11/18/19
06:05
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Amarin rating change  »

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03/08/13
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03/06/13
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  • 28

    Dec

WRK

WestRock

$39.50

-0.52 (-1.30%)

06:04
11/18/19
11/18
06:04
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06:04
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WestRock rating change  »

WestRock upgraded to Buy…

03/08/13
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03/06/13
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03/06/13
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JCOM

j2 Global

$95.90

1.17 (1.24%)

06:04
11/18/19
11/18
06:04
11/18/19
06:04
Initiation
j2 Global initiated  »

j2 Global initiated with…

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  • 19

    Nov

  • 04

    Dec

  • 09

    Dec

ELS

Equity Lifestyle

$69.44

0.795 (1.16%)

06:03
11/18/19
11/18
06:03
11/18/19
06:03
Upgrade
Equity Lifestyle rating change  »

Equity Lifestyle upgraded…

03/08/13
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03/06/13
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  • 28

    Jan

KRTX

Karuna Therapeutics

$17.26

-0.26 (-1.48%)

06:02
11/18/19
11/18
06:02
11/18/19
06:02
Hot Stocks
Karuna Therapeutics: KarXT met primary endpoint in Phase 2 trial »

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