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WBA

Walgreens Boots Alliance

$73.35

-2.12 (-2.81%)

, CCL

Carnival

$55.03

-1.16 (-2.06%)

20:25
12/19/18
12/19
20:25
12/19/18
20:25

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include Walgreens Boots Alliance (WBA), consensus $1.44... Carnival (CCL), consensus 70c... Conagra Brands (CAG), consensus 55c... Sanderson Farms (SAFM), consensus ($1.11).

WBA

Walgreens Boots Alliance

$73.35

-2.12 (-2.81%)

CCL

Carnival

$55.03

-1.16 (-2.06%)

CAG

Conagra Brands

$29.08

0.52 (1.82%)

SAFM

Sanderson Farms

$95.99

0.03 (0.03%)

  • 20

    Dec

  • 20

    Dec

  • 20

    Dec

  • 20

    Dec

  • 07

    Jan

WBA Walgreens Boots Alliance
$73.35

-2.12 (-2.81%)

12/19/18
WOLF
12/19/18
INITIATION
WOLF
Peer Perform
Walgreens Boots Alliance assumed with a Peer Perform at Wolfe Research
12/14/18
12/14/18
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. Walgreens Boots Alliance (WBA) downgraded to Sell from Neutral at Goldman Sachs with analyst Robert Jones saying he struggles to make a "compelling fundamental case" for the Americas Healthcare Services Supply Chain heading into 2019 as "issues facing core growth drivers do not seem to be abating." 2. Cisco (CSCO) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying strengthening information technology spending, an innovation-led refresh cycle, and a rising software mix have lifted Cisco's multiple and its shares to post-recession highs. 3. Universal Health (UHS) downgraded to Sell from Neutral at Goldman Sachs with analyst Stephen Tanal saying a "healthy" macro environment helps acute hospitals' commercial mix, but behavioral health providers like Universal Health over-index to Medicaid and Medicare, "leaving them less exposed to the supportive backdrop." 4. Beacon Roofing (BECN) downgraded to Neutral from Outperform at Wedbush with analyst Jay McCanless saying that yesterday's investor day did not provide any new catalysts to raise EPS estimates or price target. 5. Kaman (KAMN) downgraded to Underweight from Neutral at JPMorgan with analyst Seth Seifman saying he values the stock at 14 times his 2020 earnings per share estimate of $4.05 while adding 15c for potentially accretive M&A, given the company's balance sheet capacity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/14/18
GSCO
12/14/18
DOWNGRADE
Target $68
GSCO
Sell
Goldman downgrades Walgreens to Sell with $68 target, sees downside in 2019
Goldman Sachs analyst Robert Jones downgraded Walgreens Boots Alliance (WBA) to Sell from Neutral and lowered his price target for the shares to $68 from $73. The analyst says he struggles to make a "compelling fundamental case" for the Americas Healthcare Services Supply Chain heading into 2019 as "issues facing core growth drivers do not seem to be abating." Jones sees limited "core" growth for the large-cap names amid persisting sales and margin pressures and as drug pricing remains a regulatory focus. He downgrades Walgreens to Sell saying challenges in its retail pharmacy business "have intensified, forcing the company to search for other avenues of growth." Jones also keeps a Neutral rating on CVS Health (CVS) and Sell rating on Rite Aid (RAD).
12/14/18
GSCO
12/14/18
DOWNGRADE
Target $68
GSCO
Sell
Walgreens Boots Alliance downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Robert Jones downgraded Walgreens Boots Alliance to Sell and lowered his price target for the shares to $68 from $73.
CCL Carnival
$55.03

-1.16 (-2.06%)

10/11/18
JPMS
10/11/18
NO CHANGE
JPMS
JPMorgan recommends staying long shares of Royal Caribbean
JPMorgan shifted lead coverage of Carnival (CCL), Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) to analyst Brandt Montour. Operating fundamentals in the cruise space remain intact outside of parts of the Caribbean, and while the stocks have rebounded materially from Q2 lows, sentiment does not seem bullish, Montour tells investors in a research note. He recommends staying long top pick Royal Caribbean, as all of his checks indicate the company has the most momentum on 2019 pricing and is "valued attractively on a price to growth ratio." Montour also keeps an Overweight rating on Norwegian Cruise and a Neutral rating on Carnival, where he wants to see a rebound in the Caribbean before getting more constructive on the shares.
12/14/18
NOMU
12/14/18
NO CHANGE
Target $74
NOMU
Buy
Nomura sees 30% total return for Carnival shares in 2019
Carnival next week will report Q4 results and give guidance for next year, Nomura Instinet analyst Harry Curtis tells investors in a research note. A yield guide that settles around 2.0%-2.5%, inclusive of a 50 basis point drag from Q1 due to hurricane-related headwinds,, should be viewed positively by investors, Curtis contends. Including the dividend, he believes the stock's total return should be 30% in 2019. He sees Carnival's exceeding consensus expectations in Q4 and keeps a Buy rating on the shares with a $74 price target.
12/14/18
STFL
12/14/18
NO CHANGE
Target $76
STFL
Buy
Stifel cautious about potential for Carnival FY19 guidance to disappoint
Stifel analyst Steven Wieczynski said he is somewhat cautious ahead of Carnival's Q4 earnings report given the possibility that management's FY19 guidance could underwhelm relative to consensus expectations. He would not be surprised to a see negative response if that turns out to be the case, even though "management's conservative disposition should be widely recognized at this point," Wieczynski tells investors. He would be an aggressive buyer of Carnival shares if investors misinterpret "what will likely be an overly conservative" initial outlook, added the analyst, who keeps a Buy rating and $76 price target on the stock.
12/17/18
CLVD
12/17/18
UPGRADE
CLVD
Buy
Carnival upgraded to Buy from Neutral at Cleveland Research
CAG Conagra Brands
$29.08

0.52 (1.82%)

11/14/18
JPMS
11/14/18
NO CHANGE
JPMS
Conagra increasingly attractive for value investors, says JPMorgan
With shares weak on a competitor downgrade, JPMorgan analyst Ken Goldman is out with a research note calling Conagra Brands an increasingly attractive investment for value investors with a longer term time horizon. The analyst says that while Conagra's sales growth may not be as strong as he expected over the next year based on the latest Nielsen data, he still considers the company one of his favorite ideas for longer-term holders.
11/14/18
11/14/18
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. Apple (AAPL) downgraded to Neutral from Buy at Guggenheim with analyst Robert Cihra saying the average selling price of the iPhone has increased a "dramatic" $220, or 40%, over the past 10 years, reflecting its "growing value to both consumer and business markets." 2. Kellogg (K) downgraded to Neutral from Overweight at JPMorgan with analyst Ken Goldman saying that while nothing at the company's investor day "necessarily disappointed" him, he also did not gain "much comfort that the bottom-line turnaround would be swift." 3. Apollo Global (APO) and Carlyle Group (CG) were downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Conagra Brands (CAG) downgraded to Underperform from Market Perform at Bernstein with analyst Alexia Howard saying the frozen category has experienced positive growth over the past year, largely led by new product innovation from Conagra and Pinnacle Foods, but this now seems to be running out of steam. 5. Tenneco (TEN) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Armintas Sinkevicius citing its elevated leverage and limited free cash flow conversion in what he views as an increasingly uncertain environment for auto suppliers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/18
11/14/18
DOWNGRADE

Underperform
Conagra Brands downgraded to Underperform at Bernstein
As previously reported, Bernstein analyst Alexia Howard downgraded Conagra Brands (CAG) to Underperform from Market Perform as the company has completed the acquisition of Pinnacle Foods (PF) and expects to lever up to 5 times, while the growth momentum in frozen entrees has started to slow down. The frozen category has experienced positive growth over the past year, largely led by new product innovation from Conagra and Pinnacle Foods, but this now seems to be running out of steam, she contends. Although consumer takeaway remains positive and is still strong on a 2-year basis, Howard believes comparables become tougher from here, and distribution gains seem to be slowing fairly sharply.
11/26/18
FBCO
11/26/18
NO CHANGE
Target $35
FBCO
Neutral
Conagra Brands price target lowered to $35 from $40 at Credit Suisse
Credit Suisse analyst Robert Moskow lowered his price target for Conagra Brands to $35 from $40 and is below consensus for FY20 to reflect his view that the acquired Pinnacle Foods business' EBIT contribution will fall below expectations. The analyst reiterates a Neutral rating on the shares.
SAFM Sanderson Farms
$95.99

0.03 (0.03%)

08/24/18
SPHN
08/24/18
UPGRADE
Target $130
SPHN
Overweight
Stephens upgrades Sanderson to Overweight on 'compelling' risk/reward
Stephens analyst Farha Aslam upgraded Sanderson Farms to Overweight from Equal Weight and raised her price target for the shares to $130 from $105 following yesterday's Q3 results. The stock, trading near five-year lows on price-to-book, offers a "compelling" risk/reward as current levels, Aslam tells investors in a research note. The analyst believes weak chicken fundamentals are now priced into the shares.
08/24/18
08/24/18
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. Netflix (NFLX) upgraded to Buy from Hold at SunTrust with analyst Matthew Thornton saying the pullback after the Q2 subscriber miss was driven in part by the interest in World Cup viewing. 2. Sanderson Farms (SAFM) upgraded to Overweight from Equal Weight at Stephens with analyst Farha Aslam citing the company's Q3 results and saying she believes weak chicken fundamentals are now priced into the shares. 3. Children's Place (PLCE) upgraded to Buy from Neutral at Monness Crespi analyst Jim Chartier saying the modest sell-off in shares following strong Q2 results provides a buying opportunity. 4. Mylan (MYL) upgraded to Outperform from In Line at Evercore ISI. 5. Embraer (ERJ) upgraded to Hold from Underperform at Santander. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/18
BMOC
10/12/18
NO CHANGE
Target $95
BMOC
Market Perform
Sanderson Farms to face 'challenging conditions', says BMO Capital
BMO Capital analyst Kenneth Zaslow kept his Market Perform rating and $95 price target on Sanderson Farms after attending the company's investor day that featured an industry outlook from the company's management and consultants. The analyst says the company is expected to face "difficult and challenging conditions" from record low chicken breast prices, adding that the absence of a "concrete path" toward improved margins will require an "exogenous event" to help "restore profitability".
08/24/18
SPHN
08/24/18
UPGRADE
SPHN
Overweight
Sanderson Farms upgraded to Overweight from Equal Weight at Stephens

TODAY'S FREE FLY STORIES

ECA

Encana

$4.28

-0.14 (-3.17%)

09:31
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WLL

Whiting Petroleum

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OAS

Oasis Petroleum

$3.11

-0.135 (-4.17%)

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09:31
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Oasis Petroleum rating change  »

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NBL

Noble Energy

$20.44

-0.15 (-0.73%)

09:31
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09:31
Upgrade
Noble Energy rating change  »

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  • 07

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PH

Parker-Hannifin

$178.45

-1.25 (-0.70%)

09:30
10/15/19
10/15
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10/15/19
09:30
Recommendations
Parker-Hannifin analyst commentary  »

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WHD

Cactus

$28.03

-0.49 (-1.72%)

, HAL

Halliburton

$18.75

-0.195 (-1.03%)

09:30
10/15/19
10/15
09:30
10/15/19
09:30
Recommendations
Cactus, Halliburton, National Oilwell, Newpark Resources, Nine Energy Services, Oil States, Patterson-UTI, Unit Corp., USA Compression analyst commentary  »

Raymond James sees…

WHD

Cactus

$28.03

-0.49 (-1.72%)

HAL

Halliburton

$18.75

-0.195 (-1.03%)

NOV

National Oilwell

$21.10

-0.08 (-0.38%)

NR

Newpark Resources

$6.93

-0.655 (-8.64%)

NINE

Nine Energy Services

$5.16

-0.24 (-4.44%)

OIS

Oil States

$12.93

-0.065 (-0.50%)

PTEN

Patterson-UTI

$8.15

-0.1 (-1.21%)

UNT

Unit Corp.

$2.83

-0.165 (-5.52%)

USAC

USA Compression

$17.40

0.225 (1.31%)

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JNJ

Johnson & Johnson

$130.67

-0.68 (-0.52%)

09:28
10/15/19
10/15
09:28
10/15/19
09:28
Hot Stocks
Johnson & Johnson says will continue to consider 'opportunistic acquisitions' »

Says: Q3 was a good…

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03/06/13
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  • 15

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IMO

Imperial Oil

$24.25

-0.235 (-0.96%)

09:27
10/15/19
10/15
09:27
10/15/19
09:27
Upgrade
Imperial Oil rating change  »

Imperial Oil upgraded to…

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03/08/13
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WDFC

WD-40

$181.18

-2.86 (-1.55%)

09:26
10/15/19
10/15
09:26
10/15/19
09:26
Recommendations
WD-40 analyst commentary  »

WD-40 sets up favorably…

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  • 17

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NMIH

NMI Holdings

$26.95

0.01 (0.04%)

09:26
10/15/19
10/15
09:26
10/15/19
09:26
Upgrade
NMI Holdings rating change  »

B. Riley FBR upgrades NMI…

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  • 06

    Nov

KSU

Kansas City Southern

$132.02

-1.5 (-1.12%)

, SAIA

Saia

$96.04

0.48 (0.50%)

09:26
10/15/19
10/15
09:26
10/15/19
09:26
Recommendations
Kansas City Southern, Saia, Union Pacific analyst commentary  »

Truck pricing, volume…

KSU

Kansas City Southern

$132.02

-1.5 (-1.12%)

SAIA

Saia

$96.04

0.48 (0.50%)

UNP

Union Pacific

$159.55

-1.82 (-1.13%)

03/08/13
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    Nov

PSTV

Plus Therapeutics

$2.47

0.15 (6.47%)

09:24
10/15/19
10/15
09:24
10/15/19
09:24
Hot Stocks
Plus Therapeutics receives $4.6M reimbursement payment »

Plus Therapeutics…

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KNX

Knight-Swift

$36.05

-0.065 (-0.18%)

09:23
10/15/19
10/15
09:23
10/15/19
09:23
Earnings
Breaking Earnings news story on Knight-Swift »

Knight-Swift sees Q1 adj.…

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  • 13

    Nov

GNUS

Genius Brands

$0.83

0.0597 (7.75%)

, BABA

Alibaba

$171.22

-1.745 (-1.01%)

09:23
10/15/19
10/15
09:23
10/15/19
09:23
Hot Stocks
Genius Brands CEO says 'more bullish than ever' on future of the company »

Genius Brands…

GNUS

Genius Brands

$0.83

0.0597 (7.75%)

BABA

Alibaba

$171.22

-1.745 (-1.01%)

03/08/13
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  • 19

    Nov

KNX

Knight-Swift

$36.05

-0.065 (-0.18%)

09:23
10/15/19
10/15
09:23
10/15/19
09:23
Earnings
Knight-Swift cuts Q4 adj. EPS view to 62c-65c from 73c-77c, consensus 71c »

The updates to the…

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  • 13

    Nov

FDX

FedEx

$146.81

1.29 (0.89%)

09:22
10/15/19
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09:22
Hot Stocks
FedEx announces expansion of FedEx Freight Direct »

FedEx Freight, a…

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  • 29

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    Dec

KNX

Knight-Swift

$36.05

-0.065 (-0.18%)

09:20
10/15/19
10/15
09:20
10/15/19
09:20
Earnings
Breaking Earnings news story on Knight-Swift »

Knight-Swift cuts Q3 adj.…

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  • 13

    Nov

RETA

Reata Pharmaceuticals

$100.37

4.57 (4.77%)

09:20
10/15/19
10/15
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10/15/19
09:20
Recommendations
Reata Pharmaceuticals analyst commentary  »

Reata Pharmaceuticals…

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ROKU

Roku

$119.05

-2.55 (-2.10%)

, AAPL

Apple

$235.87

-0.34 (-0.14%)

09:20
10/15/19
10/15
09:20
10/15/19
09:20
Hot Stocks
Apple TV app, Apple TV+ coming to Roku platform »

Roku (ROKU) announced the…

ROKU

Roku

$119.05

-2.55 (-2.10%)

AAPL

Apple

$235.87

-0.34 (-0.14%)

03/08/13
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  • 30

    Oct

  • 19

    Nov

ABEO

Abeona Therapeutics

$2.18

-0.05 (-2.24%)

09:19
10/15/19
10/15
09:19
10/15/19
09:19
Hot Stocks
Abeona announces publication of long-term data from Phase 1/2a trial of EB-101 »

Abeona Therapeutics…

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TTEK

Tetra Tech

$84.87

-0.735 (-0.86%)

09:18
10/15/19
10/15
09:18
10/15/19
09:18
Hot Stocks
Tetra Tech awarded $85M DFID contract for LINKS program in Nigeria »

Tetra Tech announced that…

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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
10/15/19
10/15
09:18
10/15/19
09:18
Options
Overnight activity included 213 trades in SPX and 79 trades in VIX »

213 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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G

Genpact

$38.15

-0.27 (-0.70%)

09:17
10/15/19
10/15
09:17
10/15/19
09:17
Hot Stocks
Genpact announces definitive agreement to acquire Rightpoint »

Genpact announced a…

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  • 07

    Nov

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    Nov

ADBE

Adobe

$277.79

-0.29 (-0.10%)

09:17
10/15/19
10/15
09:17
10/15/19
09:17
Initiation
Adobe initiated  »

Adobe initiated with a…

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  • 04

    Nov

CMTL

Comtech

$30.87

-0.27 (-0.87%)

09:16
10/15/19
10/15
09:16
10/15/19
09:16
Hot Stocks
Comtech awarded maximum $98.6M Army contract for SATCOM terminals »

Comtech announced, that…

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