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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

Kraton initiated with a Hold at Stifel

Stifel analyst Vincent Anderson initiated Kraton with a Hold rating and a price target of $22. The analyst notes that the company has exposure to "good longer term growth outlets" in medical and personal care but also faces near term headwinds from "competitively priced substitutes in SBCs, rubber, and pine chemicals". Anderson also points to the recent plant outage delaying Kraton's deleveraging.

KRA Kraton
$24.26

0.3 (1.25%)

10/26/18
10/26/18
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. Colgate-Palmolive (CL) downgraded to Hold from Buy at SunTrust with analyst William Chappell citing "another disappointing" quarterly result this morning. 2. Cerner (CERN) downgraded to Sector Perform from Outperform at RBC Capital with analyst George Hill saying the slowing market for health care information technology companies, as well as the company's slower rate of growth, warrant a lower multiple on the stock. 3. Kraton (KRA) downgraded to Hold from Buy at SunTrust with analyst James Sheehan saying the management has cited "weakening demand, tariff impacts, escalating logistics costs and an extended plant outage" in reducing its outlook. 4. Western Digital (WDC) downgraded to Neutral from Buy at Longbow, to Neutral from Overweight at JPMorgan, as well as to Hold from Buy at Benchmark and Craig-Hallum. 5. Jack in the Box (JACK) downgraded to Neutral from Outperform at Wedbush with analyst Nick Setyan saying given the company's franchised model and franchisee unrest, he can no longer assume that many of the initiatives through FY22 that his positive recommendation was based on will occur. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/26/18
RHCO
10/26/18
DOWNGRADE
Target $31
RHCO
Hold
Kraton downgraded to Hold at SunTrust on weaker demand and rising costs
As reported earlier, SunTrust analyst James Sheehan downgraded Kraton to Hold from Buy and lowered his price target to $31 from $60 after its Q3 earnings miss and lowered FY18 guidance. The analyst notes that the management has cited "weakening demand, tariff impacts, escalating logistics costs and an extended plant outage" in reducing its outlook. Sheehan adds that while he still expects Kraton to generate "solid free cash flows" in the long term, its deleveraging progress has been stalled by macro headwinds and "unplanned outages of uncertain duration".
10/26/18
RHCO
10/26/18
DOWNGRADE
RHCO
Hold
Kraton downgraded to Hold from Buy at SunTrust
08/15/18
LOOP
08/15/18
NO CHANGE
Target $76
LOOP
Buy
Kraton favorable fundamentals remain intact, says Loop Capital
Loop Capital analyst Chris Kapsch kept his Buy rating and $76 price target on Kraton after holding meetings with its management, saying the company's fundamentals remain "favorably intact", and the company is on track with multi-year debt reduction targets. The analyst adds that as the deleveraging process continues, one can "easily see $150M to $200M+ in annual free cash flow generation" devoted to reducing debt, which should translate to annual share price appreciation of $5-$6.

TODAY'S FREE FLY STORIES

ESYJY

easyJet

$0.00

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MSEX

Middlesex Water

$62.07

1.5 (2.48%)

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DLAKY

Lufthansa

$0.00

(0.00%)

20:29
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Initiation
Lufthansa initiated at Goldman Sachs »

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TGT

Target

$110.86

0.27 (0.24%)

, LOW

Lowe's

$113.41

-1.62 (-1.41%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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TGT

Target

$110.86

0.27 (0.24%)

LOW

Lowe's

$113.41

-1.62 (-1.41%)

NTES

NetEase

$288.77

-1.33 (-0.46%)

CPRT

Copart

$86.33

0.32 (0.37%)

LB

L Brands

$17.19

-0.67 (-3.75%)

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ICAGY

IAG

$0.00

(0.00%)

20:23
11/19/19
11/19
20:23
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20:23
Initiation
IAG initiated at Goldman Sachs »

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RYAAY

Ryanair

$86.27

0.52 (0.61%)

20:20
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Initiation
Ryanair initiated at Goldman Sachs »

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LXFR

Luxfer

$17.57

0.16 (0.92%)

20:11
11/19/19
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20:11
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Initiation
Luxfer initiated at B. Riley FBR »

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VAL

Valaris

$3.69

-0.515 (-12.26%)

20:09
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20:09
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Initiation
Valaris initiated at Deutsche Bank »

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RIG

Transocean

$4.66

-0.16 (-3.32%)

20:03
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20:03
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Initiation
Transocean initiated at Deutsche Bank »

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FTI

TechnipFMC

$19.29

-0.24 (-1.23%)

19:58
11/19/19
11/19
19:58
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Initiation
TechnipFMC initiated at Deutsche Bank »

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SLB

Schlumberger

$34.31

-0.36 (-1.04%)

19:53
11/19/19
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19:53
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Initiation
Schlumberger initiated at Deutsche Bank »

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PTEN

Patterson-UTI

$8.49

-0.095 (-1.11%)

19:45
11/19/19
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19:45
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Initiation
Patterson-UTI initiated at Deutsche Bank »

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SAFE

Safehold

$34.59

-1.33 (-3.70%)

19:38
11/19/19
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Syndicate
Safehold 3M share Secondary priced at $34.00 »

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HP

Helmerich & Payne

$38.39

-0.45 (-1.16%)

19:36
11/19/19
11/19
19:36
11/19/19
19:36
Initiation
Helmerich & Payne initiated at Deutsche Bank »

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HAL

Halliburton

$19.89

-0.26 (-1.29%)

19:31
11/19/19
11/19
19:31
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Initiation
Halliburton initiated at Deutsche Bank »

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  • 21

    Jan

BKR

Baker Hughes

$22.01

-0.155 (-0.70%)

19:24
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PHAT

Phathom Pharmaceuticals

$24.79

-0.09 (-0.36%)

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SHW

Sherwin-Williams

$584.48

-1.13 (-0.19%)

19:20
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Downgrade
Sherwin-Williams rating change at Edward Jones »

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SPY

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$311.95

-0.06 (-0.02%)

, SPX

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$0.00

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SPX

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$0.00

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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

19:10
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Downgrade
Berry Petroleum rating change at KeyBanc »

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NYMT

New York Mortgage

$6.25

0.015 (0.24%)

19:05
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Syndicate
New York Mortgage 25M share Spot Secondary priced at $6.10 »

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  • 20

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LNG

Cheniere Energy

$59.77

-0.69 (-1.14%)

19:01
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  • 04

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SQ

Square

$66.43

0.68 (1.03%)

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  • 20

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AVID

Avid Technology

$7.74

0.15 (1.98%)

, DL

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$7.15

0.05 (0.70%)

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AVID

Avid Technology

$7.74

0.15 (1.98%)

DL

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0.05 (0.70%)

ESE

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$86.71

1.94 (2.29%)

BCRX

BioCryst

$2.03

0.33 (19.41%)

CTMX

CytomX Therapeutics

$5.15

-0.03 (-0.58%)

ENDP

Endo

$4.44

-0.02 (-0.45%)

AVYA

Avaya

$12.11

-0.22 (-1.78%)

BKR

Baker Hughes

$22.01

-0.155 (-0.70%)

URBN

Urban Outfitters

$28.73

-1.43 (-4.74%)

ALC

Alcon

$59.00

0.105 (0.18%)

ORGO

Organogenesis

$8.01

0.02 (0.25%)

AMRN

Amarin

$22.74

0.11 (0.49%)

CRSP

Crispr Therapeutics

$68.46

9.94 (16.99%)

MGP

MGM Growth

$32.46

-0.39 (-1.19%)

RIG

Transocean

$4.66

-0.16 (-3.32%)

NYMT

New York Mortgage

$6.25

0.015 (0.24%)

MSEX

Middlesex Water

$62.07

1.5 (2.48%)

03/08/13
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  • 19

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  • 02

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    Nov

NVDA

Nvidia

$207.90

-4.36 (-2.05%)

, MLNX

Mellanox

$114.40

0.245 (0.21%)

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Nvidia CEO: We're at the beginning of the artificial intelligence revolution »

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NVDA

Nvidia

$207.90

-4.36 (-2.05%)

MLNX

Mellanox

$114.40

0.245 (0.21%)

03/08/13
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  • 20

    Nov

  • 06

    Jan

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