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LMT

Lockheed Martin

$273.38

2.88 (1.06%)

, JBLU

JetBlue

$16.52

-0.72 (-4.18%)

10:22
01/10/19
01/10
10:22
01/10/19
10:22

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lockheed Martin (LMT) downgraded to Equal Weight from Overweight at Morgan Stanley. 2. JetBlue (JBLU) downgraded to Neutral from Overweight at JPMorgan with analyst Jamie Baker lowering his price target for the shares to $18 from $20. 3. Weatherford (WFT) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Boyd saying the stock represents a "call-option on the oil cycle," but sees that option "suffering from time decay" and an adverse macro environment. 4. Yelp (YELP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak saying he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. 5. Dollar Tree (DLTR) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying he now views shares as fully valued and sees the case for upside as less attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

LMT

Lockheed Martin

$273.38

2.88 (1.06%)

JBLU

JetBlue

$16.52

-0.72 (-4.18%)

WFT

Weatherford

$0.50

-0.0594 (-10.57%)

YELP

Yelp

$32.98

-2.72 (-7.62%)

DLTR

Dollar Tree

$95.95

-1.2 (-1.24%)

  • 10

    Feb

  • 19

    Feb

  • 28

    May

LMT Lockheed Martin
$273.38

2.88 (1.06%)

01/10/19
01/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Constellation Brands (STZ) upgraded to Buy from Neutral at Goldman Sachs and to Neutral from Sell at Guggenheim. 2. Boeing (BA) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. Lockheed Martin (LMT) upgraded to Buy from Hold at Vertical Group. 4. United Continental (UAL) upgraded to Overweight from Neutral at JPMorgan while Alaska Air (ALK) was upgraded to Neutral from Underweight. 5. Twitter (TWTR) double upgraded to Buy from Underperform at BofA/Merrill with analyst Justin Post citing a survey he conducted which showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
01/10/19
NO CHANGE

Morgan Stanley upgrades Boeing, downgrades Lockheed in A&D ratings shake-up
As previously reported, Morgan Stanley analyst Rajeev Lalwani upgraded Boeing (BA) to Overweight from Equal Weight and downgraded Lockheed Martin (LMT) to Equal Weight from Overweight as he adjusted his picks within Aerospace & Defense to focus more on those with visibility to free cash flow growth. Boeing shares are down about 15% from their highs, creating a favorable set-up, and the resilience of the EPS and free cash profile should remain in place within Commercial Aerospace, barring a downturn, Lalwani tells investors. He raised his price target on Boeing shares to $450 from $400. With the F-35 plateauing and pension tailwinds receding, Lalwani sees emerging headwinds on earnings and cash flow post 2020 for Lockheed, he said in explaining his downgrade of the stock. He lowered his price target on Lockheed shares to $300 from $366.
01/10/19
SUSQ
01/10/19
INITIATION
Target $321
SUSQ
Positive
Lockheed Martin initiated with a Positive at Susquehanna
Susquehanna analyst Charles Minervino initiated Lockheed Martin with a Positive rating as he believes it should be a prime beneficiary of strong global defense spending. He expects its earnings growth will drive free cash flow generation in the coming years, providing opportunities for additional dividend increases, debt reduction, share repurchases and potential acquisitions. Minervino has a $321 price target on Lockheed Martin shares.
01/10/19
VERF
01/10/19
UPGRADE
VERF
Buy
Lockheed Martin upgraded to Buy from Hold at Vertical Group
JBLU JetBlue
$16.52

-0.72 (-4.18%)

12/04/18
IMPC
12/04/18
NO CHANGE
Target $27
IMPC
Outperform
JetBlue price target raised to $27 from $24 at Imperial Capital
Imperial Capital analyst Michael Derchin raised his price target for JetBlue Airways to $27 saying the company is likely to raise its Q4 guidance following the better than outlook from some peers. He believes the Street is underestimating JetBlue's ability to reach its $2.50-$3.00 fiscal 2020 earnings target and keeps an Outperform rating on the shares.
01/10/19
JPMS
01/10/19
NO CHANGE
JPMS
JPMorgan upgrades United and Alaska Air, downgrades JetBlue
JPMorgan analyst Jamie Baker raised his 2019 estimates "across the board" for the U.S. Airlines ahead of next week's earnings kickoff. However, he says the earnings raises are for the "wrong reasons," namely cheaper fuel and softer RASM. JetBlue Airways' (JBLU) forecasted upside potential falls below 10% after the analyst reduced his target multiples. As such, he downgraded the shares to Neutral from Overweight. The analyst also upgraded Alkaska Air Group (ALK) to Neutral from Underweight rating saying his 2020 earnings forecast for the company is the only one to rise materially. In addition, the analyst upgraded United Continental Holdings (UAL) to Overweight from Neutral. The analyst sees an attractive risk/reward profile following the stock's 14% selloff from just five weeks ago.
01/10/19
JPMS
01/10/19
DOWNGRADE
Target $18
JPMS
Neutral
JetBlue downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jamie Baker downgraded JetBlue Airways to Neutral and lowered his price target for the shares to $18 from $20.
12/07/18
WOLF
12/07/18
DOWNGRADE
WOLF
Underperform
JetBlue downgraded to Underperform from Peer Perform at Wolfe Research
WFT Weatherford
$0.50

-0.0594 (-10.57%)

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."
12/13/18
12/13/18
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. Coca-Cola (KO) assumed with a Neutral from Buy at UBS with analyst Sean King saying he sees "moving parts" but says this is "not a new Coke." 2. FireEye (FEYE) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Melissa Franchi citing the stock's recent relative outperformance with the shares up 20% in the past three months versus the average software name being down 9%. 3. Sabre (SABR) downgraded to Hold from Buy at Deutsche Bank with analyst Ashish Sabadra saying he expects the company's global distribution system growth to moderate in 2019. 4. Weatherford (WFT) downgraded to Underperform from Market Perform at Raymond James with analyst J. Marshall Adkins saying he expects Weatherford's upcoming maturity "wall" to push into restructuring and result in an extreme cost to the company's restructured interest payments. 5. Argo Group (ARGO) downgraded to Market Perform from Outperform at Keefe Bruyette. 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
BMOC
01/09/19
DOWNGRADE
BMOC
Market Perform
Weatherford downgraded to Market Perform from Outperform at BMO Capital
01/10/19
01/10/19
DOWNGRADE
Target $1

Market Perform
Weatherford downgraded to Market Perform from Outperform at BMO Capital
As previously reported, BMO Capital analyst Daniel Boyd downgraded Weatherford to Market Perform and lowered his price target to $1.00 from $2.50. The analyst says the stock represents a "call-option on the oil cycle", but sees that option "suffering from time decay" and an adverse macro environment. Boyd further acknowledges that the stock has "significant" upside if the company can "endure", but also points to its continued challenges with its $8B gross debt load.
YELP Yelp
$32.98

-2.72 (-7.62%)

01/03/19
MKMP
01/03/19
NO CHANGE
Target $40
MKMP
Buy
Activist pressure may help Yelp 'unlock shareholder value', says MKM Partners
MKM Partners analyst Rob Sanderson kept his Buy rating and $40 price target on Yelp, saying there is potential for the company to "unlock value for shareholders under activist pressure". The analyst notes that he sees several potential pathways to value creation, including "continued capital returns and expense discipline", but believes that the company's strategy shift for Request a Quote "may offer the greatest upside potential." Sanderson warns that Yelp has suffered from spotty execution and meaningfully slowing growth, but notes that its sizeable audience and continued expansion in its value-add platform justifies his positive outlook on the shares.
01/08/19
NEED
01/08/19
INITIATION
NEED
Hold
Yelp initiated with a Hold at Needham
Needham analyst Brad Erickson initiated Yelp with a Hold rating, saying that while the company should see continued benefit from growth in offline-to-online shift in local advertising, he is concerned by the "persistent undermonetization of Home & Local services". The analyst notes that he is awaiting a more specific "roadmap for better attribution and monetization" to become more positive on Yelp shares.
01/10/19
MSCO
01/10/19
DOWNGRADE
MSCO
Underweight
Yelp downgraded to Underweight from Equal Weight at Morgan Stanley
01/10/19
MSCO
01/10/19
DOWNGRADE
Target $29
MSCO
Underweight
Morgan Stanley sees revenue headwinds for Yelp, downgrades to Underweight
As previously reported, Morgan Stanley analyst Brian Nowak downgraded Yelp (YELP) to Underweight from Equal Weight as he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. First, Nowak sees the increased flexibility of Yelp's new non-term agreements leading to lower spend per customer. Second, he sees pricing compression risk given that his ad pricing analysis shows Yelp's average cost per click is still over four times higher than Google (GOOGL) and Facebook (FB). Third, he expects Yelp's declining user base to further hold back spend per customer. Nowak cut his price target on Yelp shares to $29 from $31, noting that his revised FY19 and FY20 EBITDA estimates are now 2% and 6%, respectively, below consensus.
DLTR Dollar Tree
$95.95

-1.2 (-1.24%)

01/10/19
BMOC
01/10/19
INITIATION
Target $98
BMOC
Market Perform
Dollar Tree initiated with a Market Perform at BMO Capital
BMO Capital analyst Kelly Bania initiated Dollar Tree (DLTR) with a Market Perform rating and a price target of $98. The analyst is positive on the dollar store channel as "attractively positioned as the least disrupted segment of U.S. retail", but notes the risks related to the possibility of further needed investments in Family Dollar and uncertainty over the company's exposure to China tariffs. Given their similar valuation, Bania prefers the higher footage growth and dividend policy of Dollar General (DG).
01/10/19
BMOC
01/10/19
INITIATION
Target $126
BMOC
Outperform
Dollar General initiated with an Outperform at BMO Capital
BMO Capital analyst Kelly Bania initiated Dollar General (DG) with an Outperform rating and a price target of $126. The analyst noted that the "dollar store channel is attractively positioned as the least disrupted segment of U.S. retail". Bania added that the stock also offers "less reinvestment risk, more flexibility with respect to tariff uncertainty, lower crossover to competitors, and higher square footage growth" relative to the Dollar Tree (DLTR).
01/10/19
OPCO
01/10/19
DOWNGRADE
Target $104
OPCO
Perform
Dollar Tree downgraded to Perform at Oppenheimer on less compelling risk/reward
As previously reported, Oppenheimer analyst Rupesh Parikh downgraded Dollar Tree to Perform from Outperform as he now views shares as fully valued and sees the case for upside as less attractive. The analyst believes Starboard's proposal holds merit, particularly with regards to a potential sale of the Family Dollar asset, but looks less favorably upon a strategy to change the core proposition of the Dollar Tree offering and its $1 fixed price point. Parikh also raised his price target on the shares to $104 from $92.
01/10/19
OPCO
01/10/19
DOWNGRADE
OPCO
Perform
Dollar Tree downgraded to Perform from Outperform at Oppenheimer

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