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GOGO

Gogo

$3.08

-0.17 (-5.23%)

, NBR

Nabors Industries

$2.63

-0.03 (-1.13%)

09:11
01/09/19
01/09
09:11
01/09/19
09:11

Fly Intel: Pre-market Movers

HIGHER: Gogo (GOGO), up 12% after raising adjusted EBITDA view due to successful de-icing modifications on its 2Ku North American aircraft... Nabors Industry (NBR), up 3% after announcing Q4 financial highlights... Chesapeake (CHK), up 6% after announcing preliminary Q4 production and intention to lower rig count... TechnipFMC (FTI), up 5% after being awarded an iEPCI contract for BP Atlantis Phase 3 project worth $75M-$250M... Urban Outfitters (URBN), up 4% after Morgan Stanley analyst Kimberly Greenberger upgraded the stock to Overweight from Equal Weight, stating that she would use the pullback in the stock as an entry point... Transocean (RIG), up 3% after it was upgraded to Buy from Hold at DNB Markets. UP AFTER EARNINGS: Greenbrier (GBX), up 2%. DOWN AFTER EARNINGS: Constellation Brands (STZ), down 12%... Smart Global (SGH), down 23%. ALSO LOWER: International Paper (IP), down 1% after Wells Fargo analyst Gabe Hajde downgraded the stock to Market Perform... Akorn (AKRX), down 10% after announcing that it received a warning letter from the FDA related to an inspection of its Decatur, Illinois manufacturing facility.

GOGO

Gogo

$3.08

-0.17 (-5.23%)

NBR

Nabors Industries

$2.63

-0.03 (-1.13%)

CHK

Chesapeake

$2.45

0.09 (3.81%)

FTI

TechnipFMC

$22.33

0.63 (2.90%)

URBN

Urban Outfitters

$32.73

0.23 (0.71%)

RIG

Transocean

$8.42

0.135 (1.63%)

GBX

Greenbrier

$42.32

1.16 (2.82%)

STZ

Constellation Brands

$172.29

2.14 (1.26%)

IP

International Paper

$43.33

0.565 (1.32%)

SGH

Smart Global

$31.89

0.2 (0.63%)

AKRX

Akorn

$3.93

-0.01 (-0.25%)

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GOGO Gogo
$3.08

-0.17 (-5.23%)

07/24/18
07/24/18
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. Whirlpool (WHR) downgraded to Neutral from Buy at Longbow with analyst David MacGregor calling its quarter "disappointing across most dimensions of the business." 2. Gogo (GOGO) downgraded to Market Perform from Outperform at Raymond James with analyst Ric Prentiss saying he expects several more quarters of "turbulence" given potential dilution/rollover risks from 2020 bond convertible bond maturities, churn pressures, continued negative free cash flow, and the airline industry shift to directed pricing. 3. Marriott (MAR) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Thomas Allen saying he is more bullish on the Gaming REITs, given their attractive, dependable yields, and has become more cautious on Lodging, he tells investors. 4. Infinera (INFN) downgraded to Underperform from Market Perform at Raymond James. 5. Hasbro (HAS) downgraded to Neutral from Buy at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/06/18
NORL
11/06/18
NO CHANGE
NORL
Underperform
Northland sees equity offering coming from Gogo, keeps stock at Underperform
Northland analyst Paul Penney reiterates his Underperform rating and $1.50 price target on shares of Gogo following the company's Q3 report, stating that he believes a highly dilutive equity offering and debt recapitalization is imminent from the company.
10/15/18
WBLR
10/15/18
NO CHANGE
WBLR
Market Perform
Delta CEO comments positive data point for Gogo, says William Blair
William Blair analyst Louie DiPalma points out that Delta Air Lines (DAL) CEO Ed Bastian said a few weeks ago at the Skift Global Forum that Gogo (GOGO) has "really stepped up to the plate." The full interview was posted on YouTube just last week. An endorsement from the CEO of the largest airline in the world by revenue is a positive data point for Gogo, DiPalma tells investors in a research note. The analyst finds the commentary especially noteworthy given Gogo's recent service issues and as it evaluates strategic alternatives. Shares of Gogo are up 5%, or 27c, to $5.77 in afternoon trading. DiPalma has a Market Perform rating on the name. Reference Link
07/24/18
07/24/18
DOWNGRADE

Market Perform
Gogo downgraded to Market Perform on continued 'turbulence' at Raymond James
As previously reported, Raymond James downgraded Gogo to Market Perform from Outperform. Analyst Ric Prentiss expects several more quarters of "turbulence" given potential dilution/rollover risks from 2020 bond convertible bond maturities, churn pressures, continued negative free cash flow, and the airline industry shift to directed pricing.
NBR Nabors Industries
$2.63

-0.03 (-1.13%)

12/13/18
RAJA
12/13/18
DOWNGRADE
RAJA
Market Perform
Nabors Industries downgraded to Market Perform from Strong Buy at Raymond James
Raymond James analyst J. Marshall Adkins double downgraded Nabors Industries to Market Perform from Strong Buy due to expectations of softer 2019 drilling activity. Adkins lowered Nabors' 2019 total active rig count to 232 from 248 and expects US average day-rates to be flat from Q4 through 1H 2019. The analyst moved his FY19 earnings estimate below consensus to (71c) from (37c), versus consensus of (32c), and also notes high leverage and near-term maturities for his more cautious view.
10/17/18
BOFA
10/17/18
NO CHANGE
BOFA
BofA/Merrill reinstating Oilfield Services coverage with Halliburton as top pick
BofA analyst Chase Mulvehill reinstated coverage of U.S. onshore and diversified oilfield service, or OFS, saying he has a bullish near-to-medium term view on the sector. The analyst notes that OFS should outperform thanks to rising oil prices that should lead to "solid" cash flows across the sector. Mulvehill further anticipates investment to increase across the industry, with North America land E&P spending surprising to the upside and U.S. onshore D&C spending rising nearly 20%. The analyst also sees "Permian pipeline relief" adding to the benefits with exposure to the basin. Mulvehill's Top Pick is Halliburton (HAL), and his other Buy-rated names include Baker Hughes (BHGE), C&J Energy Services (CJ), FTS International (FTSI), Keane Group (FRAC), Nabors Industries (NBR), Nine Energy Service (NINE), Patterson-UTI Energy (PTEN), ProPetro Holdings Corp (PUMP), and Schlumberger (SLB).
12/11/18
JPMS
12/11/18
DOWNGRADE
JPMS
Underweight
Nabors Industries downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Sean Meakim downgraded Nabors Industries to Underweight without a price target. The analyst moderated the pace of U.S. activity in his earnings models for 2019. The analyst sees the company's elevated balance sheet, international cash margins "that cannot find a bottom" and its "persistent inability" to generate free cash flow as challenges for the stock.
01/09/19
SUSQ
01/09/19
DOWNGRADE
SUSQ
Neutral
Nabors Industries downgraded to Neutral from Positive at Susquehanna
CHK Chesapeake
$2.45

0.09 (3.81%)

01/04/19
01/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Skyworks (SWKS) downgraded to Neutral from Buy at Nomura Instinet with analyst Krysten Sciacca saying after Apple's (AAPL) profit warning, she believes growth headwinds from macro and trade uncertainty, as well as weak unit demand at the company's largest customers, will persist in 2019. 2. Snap (SNAP) downgraded to Neutral from Buy at Goldman Sachs with analyst Heath Terry saying he believes Snap's sequential user declines are likely to continue in Q4. 3. Fortinet (FTNT) double downgraded to Sell from Buy at Goldman Sachs with analyst Gabriela Borges saying the drivers of Fortinet's share gain and margin expansion are now better understood, with consensus 2019 estimates having been revised up over the past 12 months. 4. eBay (EBAY) downgraded to Neutral from Buy at Goldman Sachs with analyst Heath Terry saying he sees better opportunities with other names in Internet given uncertainty around eBay's growth and margin expansion, specifically the company's ability to deliver low-to-mid single digit growth on reduced ad spend. 5. Halcon Resources (HK), Chesapeake (CHK), and Southwestern Energy (SWN) were downgraded to Underperform from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/19
BOFA
01/04/19
DOWNGRADE
Target $3.5
BOFA
Underperform
Chesapeake downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill Lynch analysts led by Doug Leggate downgraded a number of U.S. Oil and Gas stocks, stating that he prefers "discipline over growth" among large caps. Leggate and the team acknowledge a recovery in oil prices could lead to material upside, but views volatility as the biggest challenge as too many stocks are competing for shrinking investor dollars. He sees gas names remaining challenged by the falling incremental cost for U.S. natural gas and downgraded Chesapeake to Underperform from Neutral given the headwinds he sees for gas weighted E&P names. Leggate and the team lowered their price target for Chesapeake to $3.50 from $6.00.
12/20/18
SOCO
12/20/18
DOWNGRADE
SOCO
Underweight
Chesapeake downgraded to Underweight from Overweight at Capital One
12/07/18
12/07/18
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. Secureworks (SCWX) downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Outperform at First Analysis. 2. Methanex (MEOH) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying he is now more cautious on the Chemicals space and he expects recession risk signals to continue emerging over the next few quarters. 3. Expeditors (EXPD) downgraded to Sell from Neutral at Goldman Sachs with analyst Matthew Reustle saying he sees "headwinds on the horizon" amid continued deceleration in the company's airfreight business and structural headwinds in its ocean freight business. 4. Chesapeake (CHK) downgraded to Underweight from Neutral at JPMorgan while Devon Energy (DVN) was downgraded to Neutral from Overweight. 5. Momo (MOMO) downgraded to Equal Weight from Overweight at Morgan Stanley and to Neutral from Buy 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.
FTI TechnipFMC
$22.33

0.63 (2.90%)

12/13/18
12/13/18
UPGRADE
Target $28

Outperform
BMO Capital says TechnipFMC guidance risk passed, upgrades to Outperform
As previously reported, BMO Capital analyst Daniel Boyd upgraded TechnipFMC to Outperform from Market Perform, stating that while the guidance mix was disappointing, the "highly anticipated risk" from guidance has now passed. He expects investor focus to shift to an improving order outlook, calling TechnipFMC "one of the few investable OFS stocks." He lowered his price target on the stock to $28 from $29, citing mix.
12/14/18
GHSC
12/14/18
UPGRADE
Target $28
GHSC
Buy
TechnipFMC upgraded to Buy from Neutral at Seaport Global
Seaport Global analyst Mike Urban upgraded TechnipFMC to Buy and raised his price target to $28 from $26, citing the bottoming LNG cycles that warrant a "more constructive outlook for the stock". Aside from the "field fundamentals", the analyst also sees the break-up of the company into an upstream-focused entity with its current Subsea and Surface segments and a downstream-oriented one with its Onshore/Offshore business as a potential 2019 catalyst. Urban believes that the potential benefits from the split could give the stock an implied price increase to as high as $47 per share.
12/28/18
WELS
12/28/18
NO CHANGE
WELS
Wells sees 'rocky times ahead' for Oil Services and Equipment market
Emerging data points suggest "rocky times ahead" for the North American Oil Services and Equipment market in early 2019, Wells Fargo analyst Judson Bailey tells investors in a research note. As oil prices and macro conditions have weakened to end 2018, a number of recent conversations suggest a "quickly deteriorating" outlook for exploration and production budgets, activity levels and pricing over the first few months of 2019, adds the analyst. He believes the case for "much needed consolidation" across the U.S. oilfield services landscape "has never been greater."
12/14/18
GHSC
12/14/18
UPGRADE
GHSC
Buy
TechnipFMC upgraded to Buy from Neutral at Seaport Global
URBN Urban Outfitters
$32.73

0.23 (0.71%)

01/09/19
MSCO
01/09/19
UPGRADE
MSCO
Overweight
Urban Outfitters upgraded to Overweight from Equal Weight at Morgan Stanley
01/09/19
MSCO
01/09/19
NO CHANGE
MSCO
Morgan Stanley says Amazon may be near ceiling with current apparel offering
Morgan Stanley analyst Kimberly Greenberger reports that the firm's apparel survey showed that 72% of consumers purchased apparel on Amazon (AMZN) in the past 6 months, up from 69% last year. While this suggests Amazon continues to take apparel market share, the fact that the figure had jumped by 11% from 2016 to 2017 shows its gains may have slowed, said Greenberger, who noted that survey data and analysis suggest this may be due to Amazon seeing less success in fashion apparel versus its traction in apparel basics. Amazon ranked third lowest in terms of perception of offering "fashionable" clothing out of the more than 30 retailers surveyed, with only Walmart (WMT) and Costco (COST) ranked lower, noted Greenberger, who believes a lack of fashion success does not preclude Amazon from becoming the number one apparel market share player but could limit its long-term share gains. The fact that fashion "may be a more difficult code to crack" may also mean that traditional apparel retailers who lead in fashion credibility or low-price can better survive long-term, added the analyst. As previously reported, Greenberger upgraded Urban Outfitters (URBN) to Overweight this morning, in part due to its "fashion authority."
01/09/19
01/09/19
UPGRADE
Target $44

Overweight
Morgan Stanley upgrades Urban Outfitters to Overweight on fashion shift
As previously reported, Morgan Stanley analyst Kimberly Greenberger upgraded Urban Outfitters to Overweight from Equal Weight, stating that she would use the 23% pullback since the end of Q3 as an entry point into the stock. The current fashion shift looks to be at an early stage and favors Urban's brands more than its specialty peers, according to Greenberger. Morgan Stanley's recent polling of 2,000 teens and adults to determine apparel purchase drivers and future intentions support Urban's fashion credibility, noted the analyst. Additionally, the fast supply chain bolsters Urban's merchandising strategy and she expects inventory best practices to support merchandise margins at all three of its brands, Greenberger said. She maintains a $44 price target on Urban Outfitters shares.
01/07/19
01/07/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Skyworks (SWKS) downgraded to Perform from Outperform at Oppenheimer with analyst Rick Schafer citing the current "semiconductor correction" as well as "continued negative" smartphone news. 2. Snap (SNAP) downgraded to Hold from Buy at Pivotal Research with analyst Brian Wieser saying concerns around employee churn are playing out. 3. PNC Financial (PNC) downgraded to Neutral from Buy at Goldman Sachs with analyst Richard Ramsden saying commercial loan growth has fallen 7 percentage points and is likely to track industry growth rates more closely from here. 4. Quarterhill (QTRH) downgraded to Hold from Buy at Canaccord. 5. Urban Outfitters (URBN) downgraded to Neutral from Overweight at JPMorgan with analyst Matthew Boss saying he sees a "flattish comp downside scenario neutralizing the risk/reward profile." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
RIG Transocean
$8.42

0.135 (1.63%)

12/20/18
BTIG
12/20/18
NO CHANGE
BTIG
Transocean, Ensco price targets lowered at BTIG
BTIG analyst Gregory Lewis lowered his price target on Transocean (RIG) to $14 from $18 and Ensco (ESV) to $8 from $14 as part his broader research note on Offshore Drilling partially titled "Some Coal for the Stocking". The analyst notes that the decline in the oil price has driven offshore drilling stocks down by about 55% quarter-to-date on average, with expectations of activity also being pushed out for the sector. Lewis further states that expectations for an offshore recovery in 2019 were already low, however the market appears to be increasingly more concerned with the possibility of a recession risk. Longer term, Lewis rates both stocks at a Buy and notes some "positive momentum" in the "on-contracted jackup fleet at 314 rigs, which is 3% above the 2018 average and 6% above the 2017 average."
01/09/19
DNBM
01/09/19
UPGRADE
DNBM
Buy
Transocean upgraded to Buy from Hold at DNB Markets
10/30/18
DNBM
10/30/18
UPGRADE
DNBM
Hold
Transocean upgraded to Hold from Sell at DNB Markets
GBX Greenbrier
$42.32

1.16 (2.82%)

07/19/18
MZHO
07/19/18
INITIATION
Target $62
MZHO
Neutral
Greenbrier initiated with a Neutral at Mizuho
Mizuho analyst Kristine Kubacki last night initiated coverage of Greenbrier with a Neutral rating and $62 price target. The analyst says valuation is the "biggest obstacle" to her being more positive on the shares.
08/17/18
KEYB
08/17/18
NO CHANGE
Target $65
KEYB
Overweight
Greenbrier price target raised to $65 from $60 at KeyBanc
KeyBanc analyst Steve Barger raised his price target for Greenbrier to $65 from $60, citing improving order activity and his expectation that mix and pricing are likely to improve. Barger maintains an Overweight rating.
10/29/18
SUSQ
10/29/18
UPGRADE
SUSQ
Positive
Greenbrier upgraded to Positive from Neutral at Susquehanna
11/29/18
KEYB
11/29/18
NO CHANGE
Target $62
KEYB
Overweight
Greenbrier price target lowered to $62 from $68 at KeyBanc
KeyBanc analyst Steve Barger lowered his price target for Greenbrier to $62 from $68 given the back-half-weighted nature of its delivery schedule. The company expects about two-thirds of its FY19 deliveries to occur in the second half, and the analyst expects mix and volume will improve manufacturing gross margin to mid-teens from LDD. He reiterates an Overweight rating on the shares.
STZ Constellation Brands
$172.29

2.14 (1.26%)

01/07/19
HSBC
01/07/19
UPGRADE
HSBC
Buy
Constellation Brands upgraded to Buy from Hold at HSBC
01/07/19
SUSQ
01/07/19
UPGRADE
SUSQ
Neutral
Constellation Brands upgraded to Neutral from Negative at Susquehanna
01/07/19
HSBC
01/07/19
UPGRADE
Target $206
HSBC
Buy
HSBC upgrades Constellation Brands to Buy on valuation despite risks
HSBC analyst Carlos Laboy upgraded Constellation Brands to Buy from Hold with an unchanged price target of $206. The company is facing increasing risks from water permit uncertainty, a possible vote to shut down the Mexicali brewery, and new national water laws, Laboy tells investors in a research note. The analyst says that despite these risks, he upgrades Constellation to Buy on valuation. His "base case" implies 28% share upside.
01/07/19
JEFF
01/07/19
UPGRADE
JEFF
Buy
Coca-Cola European Partners upgraded to Buy from Hold at Jefferies
Jefferies analyst Kevin Grundy upgraded Coca-Cola European Partners (CCEP) to Buy with an increased price target of EUR 49. The analyst sees inflecting trends, capital deployment optionality and upside to consensus estimates for the company. His top pick in Consumer Products for 2019 is Constellation Brands (STZ).
IP International Paper
$43.33

0.565 (1.32%)

11/27/18
BMOC
11/27/18
NO CHANGE
Target $51
BMOC
Market Perform
BMO Capital mixed on potential bid for Menasha Packaging by International Paper
BMO Capital analyst Mark Wilde kept his Market Perform rating and $51 price target on International Paper (IP), saying the company's considered purchase of Menasha Packaging as reported by Pulp & Paper Week could yield mixed results. The analyst notes that the acquisition could allow the company to vertically integrate its mill tonnage and eliminate "Menasha as a major potential off-take customer for non-integrated/partially integrated companies looking at adding new mill capacity". However, Wilde also notes that International Paper would face a challenge of "maintaining Menasha's customer-centric focus on value-added packaging," adding that only Packaging Corporation of America (PKG) has succeeded in integration and growth of an downstream converting business like Menasha.
10/23/18
GHSC
10/23/18
INITIATION
GHSC
Neutral
International Paper initiated with a Neutral at Seaport Global
Seaport Global analyst Mark Weintraub initiated International Paper with a Neutral saying it is more exposed to weakening environments and does not have a record of value creation.
01/09/19
01/09/19
DOWNGRADE
Target $45

Market Perform
International Paper downgraded to Market Perform at Wells Fargo
As previously reported, Wells Fargo analyst Gabe Hajde downgraded International Paper to Market Perform from Outperform and lowered his price target on the shares to $45 from $52. The analyst notes that the domestic containerboard prices have yet to fracture, though a downshift in demand could provide the necessary ingredient for weakness to emerge. Evading a drop in containerboard pricing will prove to be a difficult undertaking for the domestic containerboard industry in 2019, he adds. Hajde believes demand growth could stay in the 1.0%-2.0% range in 2019 and beyond as global economic activity downshifts and the e-commerce channel continues to emphasize "right-sized" packaging. Lastly, the potential for China to alter its hardline on recovered paper imports would limit any upside potential in export containerboard markets, he contends.
01/09/19
WELS
01/09/19
DOWNGRADE
WELS
Market Perform
International Paper downgraded to Market Perform from Outperform at Wells Fargo
SGH Smart Global
$31.89

0.2 (0.63%)

01/09/19
NEED
01/09/19
DOWNGRADE
NEED
Hold
Smart Global downgraded to Hold from Strong Buy at Needham
01/09/19
ROTH
01/09/19
NO CHANGE
Target $40
ROTH
Buy
Smart Global price target lowered to $40 from $60 at Roth Capital
Roth Capital analyst Suji Desilva lowered his price target for Smart Global to $40 from $60 on reduced near-term visibility. Nonetheless, the analyst believes the underlying growth opportunity remains intact and expects longer-term recovery in Brazil and supply chain ordering patterns to normalize. He reiterates a Buy rating on the shares.
01/09/19
STFL
01/09/19
NO CHANGE
Target $50
STFL
Buy
Smart Global price target lowered to $50 from $62 at Stifel
Stifel analyst Kevin Cassidy attributed Smart Global's weaker than expected February quarter guidance to the Brazilian government's decision not to increase its mobile phone local content manufacturing rules by 10% in 2019 and he cut his revenue and gross margin estimates based on lower Brazilian mobile phone unit shipments and lower factory utilization. Cassidy, who expects that the Brazilian government will enact increasing the local content rule in 2020, keeps a Buy rating on Smart Global but cut his price target on the stock to $50 from $62.
11/14/18
STFL
11/14/18
NO CHANGE
STFL
Stifel sees upside to Smart Global numbers after management meeting
In a research note from Tuesday night, Stifel analyst Kevin Cassidy wrote a note titled "Diamond in the Rough" which discussed his hosting investor meetings with Smart Global Holdings management in order to understand the company's newly acquired Penguin Computing -- now SCS -- business. Cassidy concluded from the meetings that "Smart Global's operational expertise can grow SCS's customer base, revenue, margins and free cash flow while maintaining SCS's leading edge technology." The analyst sees SCS's FY19 revenue at $198M with expanded capacity to support $400M-$500M in annual revenue, and he believes there is upside to those estimates. Cassidy maintains a Buy rating and $62 price target on Smart Global shares, and calls the company the firm's highest conviction Buy rated name.
AKRX Akorn
$3.93

-0.01 (-0.25%)

12/10/18
PIPR
12/10/18
NO CHANGE
Target $9
PIPR
Overweight
Piper does not view Akorn as 'major fixer-upper,' keeps $9 target
Piper Jaffray analyst David Amsellem says he would not view Akorn (AKRX) as a "major fixer-upper" now that it is planning to move forward as a stand-alone company. Much of the pressure on EBITDA in recent years was a function of limited-competition products with brand-like margins, Amsellem tells investors in a research note. Further, the rest of Akorn's product portfolio appears to be stable, says the analyst. In addition, "high-quality" abbreviated new drug application approvals have been happening, "and that matters," argues Amsellem. He keeps an Overweight rating on Akorn with a $9 price target.
12/07/18
CHLM
12/07/18
NO CHANGE
Target $11
CHLM
Buy
Craig-Hallum maintains Buy rating, $11 target on Akorn after Fresenius ruling
Craig-Hallum analyst Matt Hewitt said the Delaware Supreme Court ruling in favor of Fresenius (FSNUY) ends any hopes that a merger with Akorn (AKRX) will still occur, which may be a disappointment to some investors. However, it has been his view since the first ruling was announced that Akorn should be valued on a standalone basis. Akorn currently has a large pipeline of higher margin generics and the company's low-cost manufacturing facility in India has been idled due to the terms of the Fresenius agreement, but is likely to be brought online sometime in FY19 or FY20, Hewitt tells investors. He keeps a Buy rating and $11 price target on Akorn shares, which are down $1.34, or 24%, to $4.25 in afternoon trading.
11/27/18
PIPR
11/27/18
NO CHANGE
Target $9
PIPR
Overweight
Akorn approval an 'encouraging development,' says Piper Jaffray
Piper Jaffray analyst David Amsellem views Akorn's (AKRX) approval of its generic of Voltaren Gel as an "encouraging development." The news demonstrates that the company can execute on the approval of products on the more technically challenging end of the generics spectrum, Amsellem tells investors in a research note. The analyst believes Akorn is well positioned for "significant EBITDA recovery" over the next two years. He sees a "high likelihood" that the company in 2018 will have worked through the bulk of the erosion of key generics due to competition and a "relatively high" probability of meaningful cost reductions if it loses its appeal in its case against Fresenius (FSNUY). Amsellem reiterates an Overweight rating on Akorn with a $9 price target.
11/26/18
RBCM
11/26/18
NO CHANGE
RBCM
Sector Perform
Akorn gets FDA approval for generic Voltaren Gel, says RBC Capital
RBC Capital analyst Randall Stanicky said his "back and forth with management" at Akorn confirmed that the company received FDA approval for its generic version of Voltaren Gel, which the analyst notes represents the third ANDA approval from the company's Amityville facility since October. Stanicky, who continues to watch the company's ongoing litigation as well as its progress on the remediation of its Decatur and Somerset facilities, keeps a Sector Perform rating on Akorn shares.

TODAY'S FREE FLY STORIES

ETFC

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$0.62

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02/17
12:42
02/17/19
12:42
Hot Stocks
Aveo Pharmaceuticals presents TIVO-3 trial topline results »

Aveo Oncology announced…

03/08/13
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ARDM

Aradigm

$0.00

(0.00%)

12:34
02/17/19
02/17
12:34
02/17/19
12:34
Hot Stocks
Aradigm announces plans for reorganization under Chapter 11 »

Aradigm has filed for…

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AMZN

Amazon.com

$1,608.88

-13.47 (-0.83%)

, XPO

XPO Logistics

$52.01

-7.535 (-12.65%)

13:26
02/16/19
02/16
13:26
02/16/19
13:26
Periodicals
Amazon a risk for almost every stock/sector, Barron's says »

Amazon (AMZN) is eating…

AMZN

Amazon.com

$1,608.88

-13.47 (-0.83%)

XPO

XPO Logistics

$52.01

-7.535 (-12.65%)

KR

Kroger

$29.50

0.54 (1.86%)

FAST

Fastenal

$62.97

0.61 (0.98%)

GWW

Grainger

$316.63

4.9 (1.57%)

03/08/13
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    Mar

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    Mar

YETI

Yeti

$22.85

0.97 (4.43%)

13:20
02/16/19
02/16
13:20
02/16/19
13:20
Periodicals
Yeti stock has 60% upside, Barron's says »

Yeti Holdings stock…

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L

Loews

$46.67

0.785 (1.71%)

13:14
02/16/19
02/16
13:14
02/16/19
13:14
Periodicals
Investors can love Loews, Barron's says »

Loews is a $15B…

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  • 03

    Mar

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    May

EQIX

Equinix

$421.53

1.16 (0.28%)

, COR

CoreSite Realty

$102.69

0.625 (0.61%)

13:10
02/16/19
02/16
13:10
02/16/19
13:10
Periodicals
Equinix, CoreSite Realty among stocks to play data-center boom, Barron's says »

Data-center stocks may…

EQIX

Equinix

$421.53

1.16 (0.28%)

COR

CoreSite Realty

$102.69

0.625 (0.61%)

IRM

Iron Mountain

$35.13

-0.14 (-0.40%)

INXN

Interxion

$64.65

0.81 (1.27%)

03/08/13
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  • 25

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    Mar

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    Mar

NOK

Nokia

$6.31

0.015 (0.24%)

, ERIC

Ericsson

$9.36

0.015 (0.16%)

13:07
02/16/19
02/16
13:07
02/16/19
13:07
Periodicals
A U.S. ban of Huawei may benefit Ericsson, Samsung, Barron's says »

The next salvo in the…

NOK

Nokia

$6.31

0.015 (0.24%)

ERIC

Ericsson

$9.36

0.015 (0.16%)

SSNLF

Samsung

$0.00

(0.00%)

CSCO

Cisco

$49.45

1.05 (2.17%)

JNPR

Juniper

$27.12

0.16 (0.59%)

03/08/13
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  • 25

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    Feb

COP

ConocoPhillips

$70.13

1.04 (1.51%)

, MUR

Murphy Oil

$29.23

0.59 (2.06%)

13:00
02/16/19
02/16
13:00
02/16/19
13:00
Periodicals
Dividend investors should look to oil stocks for big yields, Barron's says »

Energy stocks aren't…

COP

ConocoPhillips

$70.13

1.04 (1.51%)

MUR

Murphy Oil

$29.23

0.59 (2.06%)

CVX

Chevron

$119.30

1.19 (1.01%)

VLO

Valero

$84.34

0.75 (0.90%)

XOM

Exxon Mobil

$77.74

1.47 (1.93%)

MRO

Marathon Oil

$17.07

0.15 (0.89%)

03/08/13
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    May

AMZN

Amazon.com

$1,608.88

-13.47 (-0.83%)

12:45
02/16/19
02/16
12:45
02/16/19
12:45
Periodicals
Protestors against NY's Amazon HQ2 got math wrong, Barron's says »

On Thursday, Amazon…

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  • 16

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    Feb

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    Feb

  • 03

    Mar

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    Mar

ICE

IntercontinentalExchange

$75.49

-0.46 (-0.61%)

, NDAQ

Nasdaq

$87.74

0.56 (0.64%)

12:28
02/16/19
02/16
12:28
02/16/19
12:28
Periodicals
Investors interested in U.S. cannabis companies face challenges, Barron's says »

Investors interested in…

ICE

IntercontinentalExchange

$75.49

-0.46 (-0.61%)

NDAQ

Nasdaq

$87.74

0.56 (0.64%)

CGC

Canopy Growth

$47.54

1.49 (3.24%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 18

    Feb

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    May

  • 15

    Feb

AMD

AMD

$23.68

0.55 (2.38%)

, INTC

Intel

$51.64

0.85 (1.67%)

08:43
02/16/19
02/16
08:43
02/16/19
08:43
On The Fly
Week in review: How Trump's policies moved stocks »

Catch up on the top…

AMD

AMD

$23.68

0.55 (2.38%)

INTC

Intel

$51.64

0.85 (1.67%)

MRVL

Marvell

$18.82

-0.37 (-1.93%)

MCHP

Microchip

$91.10

0.49 (0.54%)

MU

Micron

$41.99

-0.23 (-0.54%)

NVDA

Nvidia

$157.22

2.69 (1.74%)

QCOM

Qualcomm

$51.97

0.42 (0.81%)

TXN

Texas Instruments

$107.55

0.57 (0.53%)

TWTR

Twitter

$31.23

0.28 (0.90%)

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  • 20

    Feb

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    Feb

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    Mar

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    Mar

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    May

  • 04

    Jun

  • 05

    Jun

AMGN

Amgen

$188.31

1.6 (0.86%)

, ALPMY

Astellas Pharma

$0.00

(0.00%)

04:55
02/16/19
02/16
04:55
02/16/19
04:55
Conference/Events
American Society of Clinical Oncology to hold a symposium »

2019 ASCO Genitourinary…

AMGN

Amgen

$188.31

1.6 (0.86%)

ALPMY

Astellas Pharma

$0.00

(0.00%)

AZN

AstraZeneca

$40.92

0.93 (2.33%)

BAYRY

Bayer

$0.00

(0.00%)

BMY

Bristol-Myers

$51.64

0.81 (1.59%)

CALA

Calithera Biosciences

$5.35

0.14 (2.69%)

CLVS

Clovis

$25.44

(0.00%)

DNA

Bought by RHHBY

$0.00

(0.00%)

ESALY

Eisai

$0.00

(0.00%)

EXEL

Exelixis

$22.26

-0.05 (-0.22%)

IMMU

Immunomedics

$14.23

0.225 (1.61%)

INO

Inovio

$3.70

0.01 (0.27%)

MRK

Merck

$79.84

0.9 (1.14%)

MYOV

Myovant Sciences

$21.48

0.1 (0.47%)

MYGN

Myriad Genetics

$31.41

0.53 (1.72%)

NH

NantHealth

$0.60

(0.00%)

NVS

Novartis

$89.89

0.865 (0.97%)

PFE

Pfizer

$42.41

0.45 (1.07%)

PGNX

Progenics

$4.87

0.13 (2.74%)

SGEN

Seattle Genetics

$71.48

2.92 (4.26%)

SNY

Sanofi

$42.51

0.94 (2.26%)

TYME

Tyme Technologies

$3.19

0.055 (1.76%)

AVEO

Aveo Pharmaceuticals

$0.62

0.0092 (1.51%)

03/08/13
Wedge Partners
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03/06/13
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  • 16

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    Feb

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    Feb

  • 26

    Feb

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    Feb

  • 07

    Mar

  • 11

    Mar

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    Mar

  • 11

    Apr

  • 28

    Apr

  • 18

    May

  • 20

    May

WES

Western Gas Partners

$49.52

0.38 (0.77%)

, WGP

Western Gas Equity

$32.38

0.2 (0.62%)

19:30
02/15/19
02/15
19:30
02/15/19
19:30
Recommendations
Western Gas Partners, Western Gas Equity analyst commentary at MUFG »

MUFG raises price targets…

WES

Western Gas Partners

$49.52

0.38 (0.77%)

WGP

Western Gas Equity

$32.38

0.2 (0.62%)

03/08/13
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  • 15

    Feb

  • 15

    Feb

  • 04

    Mar

PXD

Pioneer Natural

$145.33

2.27 (1.59%)

19:19
02/15/19
02/15
19:19
02/15/19
19:19
Recommendations
Pioneer Natural analyst commentary at MUFG »

Pioneer Natural price…

03/08/13
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03/08/13
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  • 22

    May

ZTS

Zoetis

$95.38

2.16 (2.32%)

18:42
02/15/19
02/15
18:42
02/15/19
18:42
Hot Stocks
Zoetis CEO says: 'Diagnostics are more important in animals than humans' »

In an interview on…

03/08/13
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JNJ

Johnson & Johnson

$136.40

2.13 (1.59%)

18:22
02/15/19
02/15
18:22
02/15/19
18:22
Hot Stocks
Johnson & Johnson CEO: 'We ended 2018 with great results' »

In an interview on…

03/08/13
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  • 18

    Feb

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    Feb

  • 25

    Feb

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    Mar

WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

18:18
02/15/19
02/15
18:18
02/15/19
18:18
Periodicals
Court says Windstream defaulted on bonds in 2015, Bloomberg says »

A court has ruled that…

WIN

Windstream

$3.37

0.2 (6.31%)

UNIT

Uniti Group

$20.00

0.53 (2.72%)

03/08/13
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03/06/13
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  • 25

    Feb

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    Feb

BHVN

Biohaven Pharmaceutical

$45.32

1.36 (3.09%)

18:14
02/15/19
02/15
18:14
02/15/19
18:14
Hot Stocks
Biohaven treatment of multiple system atrophy granted FDA orphan designation »

According to a post on…

03/08/13
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AMGN

Amgen

$188.31

1.6 (0.86%)

18:11
02/15/19
02/15
18:11
02/15/19
18:11
Hot Stocks
Amgen treatment of Acute Myeloid Leukemia granted FDA orphan designation »

According to a post on…

03/08/13
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CE

Celanese

$100.19

1.19 (1.20%)

18:02
02/15/19
02/15
18:02
02/15/19
18:02
Hot Stocks
Celanese announces Acetyl Intermediates price increases in China »

Celanese will increase…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

17:58
02/15/19
02/15
17:58
02/15/19
17:58
Periodicals
Court says Windstream defaulted on bonds in 2015, Bloomberg says »

A court has ruled that…

WIN

Windstream

$3.37

0.2 (6.31%)

UNIT

Uniti Group

$20.00

0.53 (2.72%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 25

    Feb

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    Feb

GLD

SPDR Gold Shares

$124.81

0.77 (0.62%)

17:41
02/15/19
02/15
17:41
02/15/19
17:41
Hot Stocks
SPDR Gold Shares holdings fall to 793.03MT from 796.85MT »

This is the lowest level…

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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