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CARG

CarGurus

$35.58

0.13 (0.37%)

, ELY

Callaway Golf

$16.32

-0.05 (-0.31%)

10:27
01/09/19
01/09
10:27
01/09/19
10:27

Fly Intel: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. CarGurus (CARG) initiated with an Outperform at Oppenheimer. 2. Callaway Golf (ELY) and Acushnet Holdings (GOLF) were initiated with an Equal Weight at Stephens. 3. MVB Financial (MVBF) initiated with a Market Perform at Keefe Bruyette. 4. U.S. Steel (X) initiated with a Market Perform at Cowen. 5. Freeport McMoRan (FCX) initiated with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

CARG

CarGurus

$35.58

0.13 (0.37%)

ELY

Callaway Golf

$16.32

-0.05 (-0.31%)

GOLF

Acushnet Holdings

$21.81

-0.17 (-0.77%)

MVBF

MVB Financial

$17.93

(0.00%)

X

U.S. Steel

$20.47

-0.22 (-1.06%)

FCX

Freeport McMoRan

$11.47

0.27 (2.41%)

  • 31

    Jan

  • 11

    Feb

CARG CarGurus
$35.58

0.13 (0.37%)

01/08/19
OPCO
01/08/19
INITIATION
Target $42
OPCO
Outperform
CarGurus initiated with an Outperform at Oppenheimer
Oppenheimer initiated CarGurus with an Outperform rating and $42 price target.
12/07/18
SBSH
12/07/18
INITIATION
Target $70
SBSH
Buy
Citi calls Etsy and Carvana favorites in Specialty Internet
Citi analyst Nicholas Jones initiated coverage of both Etsy (ETSY) and Carvana (CVNA) with Buy ratings and price targets of $70 and $55, respectively. Carvana and Etsy are the analyst's favorites of the Specialty Internet companies.
12/07/18
SBSH
12/07/18
INITIATION
Target $45
SBSH
Buy
CarGurus initiated with a Buy at Citi
Citi analyst Nicholas Jones started CarGurus with a Buy rating and $45 price target.
12/19/18
RBCM
12/19/18
NO CHANGE
Target $67
RBCM
Outperform
CarMax price target lowered to $67 from $75 at RBC Capital
RBC Capital analyst Scot Ciccarelli lowered his price target on CarMax (KMX) to $67 to reflect its continued revenue growth headwinds driven by the high number of used vehicle sales, growing online competition, and less competitive pricing at CarGurus (CARG). The analyst also keeps his Outperform rating on the CarMax shares however, anticipating used car sales prices to "normalize" and for the company's new digital rollout to "level the field against Carvana (CVNA)." Ciccarelli is also positive on the "easy comparisons and a fairly inexpensive valuation" further supporting shares of CarMax.
ELY Callaway Golf
$16.32

-0.05 (-0.31%)

01/08/19
SPHN
01/08/19
INITIATION
Target $17
SPHN
Equal Weight
Callaway Golf initiated with an Equal Weight at Stephens
Stephens analyst Daniel Imbro started Callaway Golf with an Equal Weight rating and $17 price target, telling investors that while he thinks the golf industry backdrop is improving he also believes that slowing consumer confidence could weigh on sentiment and he does not have enough visibility into earnings upside to be more positive at this point.
12/17/18
ROTH
12/17/18
DOWNGRADE
Target $17
ROTH
Neutral
Callaway Golf downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst Dave King downgraded Callaway Golf to Neutral from Buy following the recent acquisition of Jack Wolfskin, stating that the deal moves Callaway beyond its core competency in golf. The acquisition raises uncertainty and he questions whether it portends slower trends in golf after two years of robust gains given the recent challenges affecting high-end consumers, King tells investors. He lowered his price target on Callaway shares to $17 from $24.
12/17/18
12/17/18
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Best Buy (BBY) downgraded to Underperform from Neutral at BofA/Merrill analyst Curtis Nagle citing his caution about key product categories that include TVs, Apple (AAPL) products and gaming. 2. Illinois Tool Works (ITW) downgraded to Sell from Hold at Deutsche Bank. 3. Chesapeake Utilities (CPK) and Middlesex Water (MSEX) were downgraded to Neutral from Buy at Janney Montgomery Scott. 4. Callaway Golf (ELY) downgraded to Neutral from Buy at Roth Capital with analyst Dave King citing the recent acquisition of Jack Wolfskin and saying that the deal moves Callaway beyond its core competency in golf. 5. Centene (CNC) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Stephen Tanal citing risk associated with a potential adverse outcome in the Texas versus United States ACA ruling. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/18/18
COMP
12/18/18
UPGRADE
COMP
Buy
Callaway Golf upgraded to Buy from Neutral at Compass Point
GOLF Acushnet Holdings
$21.81

-0.17 (-0.77%)

07/31/18
NOMU
07/31/18
DOWNGRADE
NOMU
Neutral
Nomura downgrades Signet, Acushnet to Neutral on valuation
Nomura Instinet analyst Simeon Siegel downgraded both Signet Jewelers (SIG) and Acushnet Holdings (GOLF) to Neutral from Buy with unchanged price targets of $62 and $25, respectively. The analyst cites valuation for the downgrades as both stocks have reached his price targets. Signet's stabilization is being rewarded with the stock up 40% since the Q1 earnings report, Siegel tells investors in a research note. Further, he moves to the sidelines on Acushnet following the recent multiple expansion.
01/08/19
SPHN
01/08/19
INITIATION
Target $22
SPHN
Equal Weight
Acushnet Holdings initiated with an Equal Weight at Stephens
Stephens analyst Daniel Imbro started Acushnet Holdings with an Equal Weight rating and $22 price target, stating that while he likes its positioning and believes its recent launches are going will, he believes the recent outperformance of the stock relative to peers reflects its near-term tailwinds.
01/02/19
JEFF
01/02/19
NO CHANGE
JEFF
Buy Gap, sell L Brands are Jefferies' best Consumer ideas for 2019
In the Consumer space, Jefferies analyst Randal Konik says his best ideas for 2019 are buying Gap (GPS) and selling L Brands (LB). The analyst recommends using the late 2018 selloff as an opportunity to get long consumer names for 2019. His other top Buy ideas are American Eagle (AEO), Boot Barn (BOOT), Capri Holdings (CPRI), Five Below (FIVE), Foot Locker (FL), Fox Factory (FOXF), Acushnet Holdings (GOLF), Kohl's (KSS), Manchester United (MANU), Ollie's Bargain Outlet (OLLI), Tiffany (TIF), Urban Outfitters (URBN), Under Armour (UAA) and Yeti (YETI). On L Brands, Konik continues to believe Victoria's Secret "is broken," Pink "is a fad" that's sales will get cut in half, and Bath & Body Works is at a "cyclical peak with daunting compares ahead." On the flip side, the analyst thinks Gap will be one of the top S&P 500 stocks in 2019. He recommends "aggressively" buying the shares at current levels.
01/02/19
COMP
01/02/19
UPGRADE
COMP
Buy
Acushnet Holdings upgraded to Buy from Neutral at Compass Point
MVBF MVB Financial
$17.93

(0.00%)

01/08/19
KBWI
01/08/19
INITIATION
Target $20
KBWI
Market Perform
MVB Financial initiated with a Market Perform at Keefe Bruyette
Keefe Bruyette analyst Catherine Mealor started MVB Financial with a Market Perform rating and $20 price target.
X U.S. Steel
$20.47

-0.22 (-1.06%)

01/09/19
SBSH
01/09/19
DOWNGRADE
Target $23
SBSH
Neutral
U.S. Steel downgraded to Neutral from Buy at Citi
Citi analyst Alexander Hacking downgraded U.S. Steel to Neutral and lowered his price target for the shares to $23 from $40.
01/08/19
COWN
01/08/19
INITIATION
Target $22
COWN
Market Perform
U.S. Steel initiated with a Market Perform at Cowen
Cowen analyst Tyler Kenyon initiated U.S. Steel with a Market Perform and $22 price target.
01/08/19
01/08/19
DOWNGRADE
Target $24

Neutral
U.S. Steel downgraded to Neutral on downside risk at Credit Suisse
As previously reported, Credit Suisse analyst Curt Woodworth downgraded U.S. Steel to Neutral from Outperform owing to more severe downside risk to earnings and free cash flow for 2019. While the stock could rally in Q1 as HRC fundamentals improve, the analyst believes the risk/reward profile has shifted to a neutral level given the sharp downturn in sheet prices at the same time capex is moving higher. Woodworth also argues that U.S. Steel will face more intense competition on the about 60% of U.S. volume tied to spot or quarterly terms as new EAF capacity drives the U.S. sheet market toward a clear oversupply position by 2021/2022. The analyst lowered his price target on the shares to $24 from $40.
01/08/19
FBCO
01/08/19
DOWNGRADE
FBCO
Neutral
U.S. Steel downgraded to Neutral from Outperform at Credit Suisse
FCX Freeport McMoRan
$11.47

0.27 (2.41%)

01/09/19
01/09/19
INITIATION
Target $12

Neutral
Credit Suisse cautious on Freeport McMoRan, initiates with a Neutral
As previously reported, Credit Suisse analyst Curt Woodworth started Freeport McMoRan with a Neutral rating and $12 price target. The analyst is cautious on the stock in the medium-term given his view that consensus EBITDA and free cash flow estimates need to significantly decline owing to unit cost pressures in Indonesia, negative impact from deferred taxes, and copper price weakness. While he expects the new Indonesian mining license to preserve Freeport McMoRan asset level economics, the transition to the underground block cave adds a layer of execution risk that is hard to quantify and material milestones remain.
12/18/18
DBAB
12/18/18
NO CHANGE
DBAB
Rio Tinto acquisitions part of Deutsche's 'left-field ideas' for miners
With the potential for slower growth in China, weaker iron ore prices and rising production costs, the Mining industry may consider bold actions in 2019, Deutsche Bank told investors in a research note. The firm's "left-field ideas" include Rio Tinto (RIO) possibly considering acquisitions of Anglo American (NGLOY), First Quantum Minerals (FQVLF) or Freeport McMoRan (FCX). Deutsche also thinks BHP Billiton (BHP) could further look to trim its portfolio with a spinoff that includes its Nickel West unit, oil and gas operations in Australia, and thermal coal in Colombia and Australia.
11/07/18
11/07/18
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. Freeport McMoRan (FCX) downgraded to Underperform from Sector Perform at RBC Capital with analyst Stephen Walker saying he points to the company's premium valuation ahead of what he expects to be a decline in 2019 production. 2. Zillow (Z, ZG) downgraded to Sell from Hold at Zelman and to Negative from Neutral at Susquehanna. 3. Mindbody (MB) downgraded to Neutral from Buy at UBS and Roth Capital as well as to Neutral from Overweight at JPMorgan. 4. Frontier Communications (FTR) downgraded to Sell from Neutral at UBS with analyst Batya Levi saying Frontier's free cash flow remains under pressure. 5. Audentes downgraded to Market Perform from Outperform at William Blair with analyst Raju Prasad saying increased competition in Pompe disease is giving him pause. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/19
FBCO
01/09/19
INITIATION
FBCO
Neutral
Freeport McMoRan initiated with a Neutral at Credit Suisse

TODAY'S FREE FLY STORIES

CZR

Caesars

$9.42

-0.21 (-2.18%)

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IQ

iQIYI

$22.76

0.17 (0.75%)

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ECOL

US Ecology

$65.48

-0.48 (-0.73%)

16:49
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APC

Anadarko

$43.84

-1.32 (-2.92%)

16:49
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Syndicate
Breaking Syndicate news story on Anadarko »

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XOG

Extraction Oil & Gas

$3.81

-0.1 (-2.56%)

16:49
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02/21
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16:49
Syndicate
Breaking Syndicate news story on Extraction Oil & Gas »

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  • 21

    Feb

ECOL

US Ecology

$65.48

-0.48 (-0.73%)

16:48
02/21/19
02/21
16:48
02/21/19
16:48
Earnings
Breaking Earnings news story on US Ecology »

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  • 22

    Feb

ECOL

US Ecology

$65.48

-0.48 (-0.73%)

16:47
02/21/19
02/21
16:47
02/21/19
16:47
Earnings
US Ecology reports Q4 EPS 62c, consensus 63c »

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  • 22

    Feb

Z

Zillow

$35.03

0.22 (0.63%)

, ZG

Zillow

$35.07

0.22 (0.63%)

16:47
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Hot Stocks
Breaking Hot Stocks news story on Zillow, Zillow »

Zillow down over 3% after…

Z

Zillow

$35.03

0.22 (0.63%)

ZG

Zillow

$35.07

0.22 (0.63%)

03/08/13
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  • 21

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    Feb

  • 05

    Mar

  • 06

    Mar

  • 07

    Mar

  • 11

    Mar

  • 11

    Mar

  • 25

    Mar

WIFI

Boingo Wireless

$24.78

-1.23 (-4.73%)

, QCOM

Qualcomm

$52.35

-0.1 (-0.19%)

16:47
02/21/19
02/21
16:47
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16:47
Hot Stocks
Boingo Wireless names Mike Finley as new CEO »

Boingo Wireless (WIFI)…

WIFI

Boingo Wireless

$24.78

-1.23 (-4.73%)

QCOM

Qualcomm

$52.35

-0.1 (-0.19%)

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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  • 25

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    Mar

HK

Halcon Resources

$1.79

-0.07 (-3.76%)

16:46
02/21/19
02/21
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16:46
Hot Stocks
Halcon announces departures of CEO Floyd Wilson, CFO Mark Mize »

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PIN

Pinterest

$23.23

(0.00%)

16:46
02/21/19
02/21
16:46
02/21/19
16:46
Periodicals
Pinterest files confidentially for IPO, eyeing a late-June listing, WSJ says »

Pinterest has…

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SLRC

Solar Capital

$21.27

0.34 (1.62%)

16:45
02/21/19
02/21
16:45
02/21/19
16:45
Earnings
Solar Capital reports Q4 EPS 44c, consensus 43c »

At December 31, 2018, net…

03/08/13
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  • 22

    Feb

TRIL

Trillium Therapeutics

$1.28

0.08 (6.67%)

16:45
02/21/19
02/21
16:45
02/21/19
16:45
Syndicate
Trillium Therapeutics files to sell common share units, no amount given »

Trillium Therapeutics…

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GDP

Goodrich Petroleum

$13.53

0.03 (0.22%)

16:44
02/21/19
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16:44
Hot Stocks
Goodrich Petroleum announces year-end proved reserves grew 12% »

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  • 27

    Feb

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    Mar

NYMT

New York Mortgage

$6.25

-0.03 (-0.48%)

16:44
02/21/19
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Earnings
New York Mortgage reports Q4 EPS 11c, consensus 15c »

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  • 22

    Feb

CHSP

Chesapeake Lodging

$29.41

0.01 (0.03%)

16:42
02/21/19
02/21
16:42
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16:42
Earnings
Breaking Earnings news story on Chesapeake Lodging »

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  • 21

    Feb

FLXN

Flexion

$14.22

-0.22 (-1.52%)

16:42
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Hot Stocks
Flexion announces new data showing protective effects of triamcinolone acetonide »

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  • 28

    Feb

KNSL

Kinsale Capital Group

$61.63

-0.43 (-0.69%)

16:42
02/21/19
02/21
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16:42
Earnings
Kinsale Capital Group reports Q4 EPS 46c, consensus 41c »

Reports Q4 revenue…

03/08/13
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  • 22

    Feb

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    Mar

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    Mar

CHSP

Chesapeake Lodging

$29.41

0.01 (0.03%)

16:41
02/21/19
02/21
16:41
02/21/19
16:41
Earnings
Breaking Earnings news story on Chesapeake Lodging »

Chesapeake Lodging sees…

03/08/13
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  • 21

    Feb

CHSP

Chesapeake Lodging

$29.41

0.01 (0.03%)

16:41
02/21/19
02/21
16:41
02/21/19
16:41
Earnings
Chesapeake Lodging reports Q4 adjusted FFO 54c, consensus 51c »

Reports Q4 revenue…

03/08/13
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  • 21

    Feb

GMED

Globus Medical

$47.68

0.05 (0.10%)

16:40
02/21/19
02/21
16:40
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16:40
Earnings
Globus Medical sees FY19 EPS $1.72, consensus $1.72 »

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  • 21

    Feb

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SEM

Select Medical

$15.49

-0.11 (-0.71%)

16:40
02/21/19
02/21
16:40
02/21/19
16:40
Hot Stocks
Select Medical extends $500M share repurchase program »

Select Medical did not…

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  • 22

    Feb

ULH

Universal Logistics

$23.66

(0.00%)

16:39
02/21/19
02/21
16:39
02/21/19
16:39
Earnings
Universal Logistics reports Q4 EPS 32c, consensus 41c »

Reports Q4 revenue…

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  • 22

    Feb

CASA

Casa Systems

$11.96

-0.02 (-0.17%)

16:39
02/21/19
02/21
16:39
02/21/19
16:39
Hot Stocks
Casa Systems to acquire NetComm Wireless »

NetComm Wireless Limited…

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  • 21

    Feb

  • 13

    Mar

BIIB

Biogen

$320.99

-14.02 (-4.18%)

16:39
02/21/19
02/21
16:39
02/21/19
16:39
Downgrade
Biogen rating change  »

Biogen downgraded to…

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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