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BABA

Alibaba

$151.72

-0.16 (-0.11%)

, JD

JD.com

$23.40

-0.29 (-1.22%)

06:19
01/11/19
01/11
06:19
01/11/19
06:19

China retailers discount iPhones after Apple's revenue warning, Reuters reports

Several Chinese electronics retailers including Suning, backed by Alibaba (BABA), and JD.com (JD) have cut iPhone prices this week following Apple's (AAPL) revenue warning citing weak sales of the smartphone in the country, Reuters reports, citing the discounts. The cuts, as steep as $118 for the new 64GB iPhone XR, is the latest sign that Apple's poor holiday sales in China may have continued to the current quarter. Reference Link

BABA

Alibaba

$151.72

-0.16 (-0.11%)

JD

JD.com

$23.40

-0.29 (-1.22%)

AAPL

Apple

$153.78

0.48 (0.31%)

  • 03

    Mar

  • 04

    Mar

BABA Alibaba
$151.72

-0.16 (-0.11%)

12/13/18
12/13/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alibaba (BABA) assumed with a Buy at Mizuho. 2. Molson Coors (TAP) and Keurig Dr Pepper (KDP) were initiated with a Buy at UBS, while PepsiCo (PEP) and Constellation Brands (STZ) were initiated with a Neutral, and Monster Beverage (MNST) and Boston Beer (SAM) were initiated with a Sell. 3. SeaSpine (SPNE) initiated with an Outperform at Wells Fargo. 4. XPO Logistics (XPO) initiated with a Buy at SunTrust. 5. Enanta (ENTA) initiated with a Hold at Berenberg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/13/18
MKMP
11/13/18
NO CHANGE
Target $245
MKMP
Buy
Alibaba price target lowered to $245 from $270 at MKM Partners
MKM Partners analyst Rob Sanderson lowered his price target on Alibaba to $245, saying the bulk of his revision comes from the "lower profit from the core commerce segment as management postpones monetization efforts and braces for a possible economic slow-down". The analyst also points to the perceived "desperation" of the Chinese central bank in setting a 30% target for private enterprise loans as part of the banking system's total lending. Longer term, Sanderson keeps his Buy rating on Alibaba based on his confidence that the slowing economy will create separation for market leaders and that the company's recent execution appears to be better than in the last slowdown.
12/12/18
MZHO
12/12/18
INITIATION
Target $200
MZHO
Buy
Alibaba assumed with a Buy at Mizuho
Mizuho Securities analyst James Lee assumed coverage of Alibaba with a Buy rating and $200 price target. The analyst views the company as a "defensive play" for China's uncertain macro outlook. He believes the stock is only pricing in the core e-commerce unit and that Alibaba's new investments, like Cloud, Food Delivery, Online Video, and Payments, are "free call options."
11/19/18
11/19/18
DOWNGRADE
Target $26

Hold
JD.com downgraded to Hold on China slowdown, competition at Stifel
As previously reported, Stifel analyst Scott Devitt downgraded JD.com (JD) to Hold from Buy as he believes the slowing economy in China, coupled with e-commerce competition, will keep pressuring the company's core operating results. After JD.com reported Q3 revenue that missed the Street's forecast and its annual active customers fell quarter-over-quarter, Devitt cut his price target on the shares to $26 from $32. He prefers Alibaba (BABA) on a potential turnaround in China sentiment, Devitt added.
JD JD.com
$23.40

-0.29 (-1.22%)

12/12/18
MZHO
12/12/18
DOWNGRADE
Target $20
MZHO
Neutral
JD.com assumed with a Neutral from Buy at Mizuho
Mizuho Securities analyst James Lee assumed coverage of JD.com with a Neutral rating and $20 price target, down from the firm's prior Buy rating.
11/20/18
NOMU
11/20/18
DOWNGRADE
Target $24
NOMU
Neutral
JD.com downgraded to Neutral from Buy at Nomura Instinet
Nomura Instinet analyst Jialong Shi downgraded JD.com to Neutral and lowered his price target for the shares to $24 from $41. The analyst says the company provided a "gloomy" outlook when reporting its Q3 results. The midpoint of its Q4 revenue is 1% below the Street estimate, Shi tells investors in a research note.
11/20/18
BNCH
11/20/18
NO CHANGE
Target $31
BNCH
Buy
JD.com price target lowered to $31 from $36 at Benchmark
Benchmark analyst Fawne Jiang noted that JD.com reported Q3 revenue that missed consensus expectations due to macro headwinds, but said that management remains confident that it can continue driving above-industry top-line growth. She expects margins to recover once its heavy investments moderate and keeps her Buy rating on JD.com shares, though Jiang trimmed her price target on the stock to $31 to reflect lower growth estimates and a more conservative margin view.
12/07/18
MKMP
12/07/18
NO CHANGE
Target $35
MKMP
Buy
JD.com price target lowered to $35 from $41 at MKM Partners
MKM Partners analyst Rob Sanderson lowered his price target on JD.com to $35, noting that the company may be increasingly challenged in the short run by the macro backdrop around trade, along with risks around "category exposure" and investment losses. Longer term, the analyst keeps his Buy rating on JD.com however, stating that the stock could see "very significant upside with just decent execution" and triple in value over 3-4 year period.
AAPL Apple
$153.78

0.48 (0.31%)

01/10/19
01/10/19
UPGRADE
Target $72

Buy
Qorvo upgraded to Buy at Craig-Hallum as shares 'have likely bottomed'
As previously reported, Craig-Hallum analyst Anthony Stoss upgraded Qorvo (QRVO) to Buy from Hold as he believes the share decline now positions the stock with more upside than downside, and shares now largely reflect weaker Apple (AAPL) iPhone sales. The analyst argues that investors should start looking forward to substantial content increases for RF in 5G phones, although he does not expect material volumes until 2020. He also lowered his price target on Qorvo's shares to $72 from $74.
01/10/19
CHLM
01/10/19
NO CHANGE
Target $90
CHLM
Buy
Skyworks price target lowered to $90 from $$105 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss lowered his price target for Skyworks (SWKS) to $90 from $105 to account for the company's lowered December quarter guidance. The analyst attributes Skyworks' lowered guide to weakness at Apple (AAPL), which he believes was already expected and priced into the stock. Stoss thinks investors will turn their focus to Skyworks' upcoming 5G opportunity. He reiterates a Buy rating on Skyworks shares
01/10/19
CHLM
01/10/19
NO CHANGE
Target $25
CHLM
Buy
ON Semiconductor risk/reward 'hard to ignore,' says Craig-Hallum
Craig-Hallum analyst Anthony Stoss notes that ON Semiconductor (ON) has not been spared in the recent selloff in semi/Apple (AAPL) suppliers. However, at just under 9 times FY2019 EPS the risk/reward is "hard to ignore," he contends. Stoss believes that content gains in auto and 5G base station builds will keep ON outperforming. He reiterates a Buy rating and $25 price target on ON's shares.
01/11/19
GSCO
01/11/19
DOWNGRADE
Target $68
GSCO
Neutral
Starbucks downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Karen Holthouse downgraded Starbucks to Neutral and lowered her price target for the shares to $68 from $75. The coffee giant closed yesterday up 31c to $64.19. The analyst remains "reasonably confident" that Starbucks' initiatives to drive digital engagement can lead to a "more stable" 3%-4% comp trajectory in the U.S. over the next few years. However, its valuation has "rapidly re-rated" to reflect this, and gift cards and digital trends could be points of caution in fiscal Q1, Holthouse tells investors in a research note. Further, she has "incremental concerns" regarding the China macro environment and the company's comp trajectory in that region. Other consumer companies, like Apple (AAPL) and McDonald's (MCD), have noted weakness in China, the analyst points out. Holthouse this morning also upgraded Texas Roadhouse (TXRH) to Buy from Neutral and downgraded Yum! Brands (YUM) to Sell from Neutral.

TODAY'S FREE FLY STORIES

03:55
01/17/19
01/17
03:55
01/17/19
03:55
General news
FX Action: USD-CAD a posted a three-day high »

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03:00
01/17/19
01/17
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General news
FX Update: An abatement in risk appetite has impacted currencies »

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01:50
01/17/19
01/17
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General news
Asian Market Wrap: »

Asian Market Wrap:…

RVNC

Revance

$18.11

-2.11 (-10.44%)

21:05
01/16/19
01/16
21:05
01/16/19
21:05
Syndicate
Revance 5.9M share Secondary priced at $17.00 »

Goldman Sachs, Cowen and…

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  • 17

    Jan

MRTX

Mirati Therapeutics

$62.51

-2.33 (-3.59%)

20:49
01/16/19
01/16
20:49
01/16/19
20:49
Syndicate
Mirati Therapeutics 1.6M share Spot Secondary priced at $62.00 »

The deal priced at the…

03/08/13
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  • 17

    Jan

BREW

Craft Brew

$15.50

0.19 (1.24%)

20:45
01/16/19
01/16
20:45
01/16/19
20:45
Initiation
Craft Brew initiated at Maxim »

Craft Brew initiated with…

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ROX

Castle Brands

$0.91

0.0122 (1.36%)

20:41
01/16/19
01/16
20:41
01/16/19
20:41
Initiation
Castle Brands initiated at Maxim »

Castle Brands initiated…

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PRT

PermRock Royalty Trust

$9.61

-0.39 (-3.90%)

20:39
01/16/19
01/16
20:39
01/16/19
20:39
Downgrade
PermRock Royalty Trust rating change at Stifel »

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GBCI

Glacier Bancorp

$42.87

1.36 (3.28%)

20:38
01/16/19
01/16
20:38
01/16/19
20:38
Hot Stocks
Glacier Bancorp acquires FNB Bancorp »

Glacier Bancorp announced…

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  • 25

    Feb

  • 26

    Feb

  • 27

    Feb

  • 12

    Mar

ERJ

Embraer

$22.81

-0.59 (-2.52%)

20:34
01/16/19
01/16
20:34
01/16/19
20:34
Downgrade
Embraer rating change at Morgan Stanley »

Embraer downgraded to…

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AICAF

Air China

$0.00

(0.00%)

20:32
01/16/19
01/16
20:32
01/16/19
20:32
Upgrade
Air China rating change at HSBC »

Air China upgraded to Buy…

03/08/13
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CEA

China Eastern Airlines

$28.64

-0.09 (-0.31%)

20:26
01/16/19
01/16
20:26
01/16/19
20:26
Upgrade
China Eastern Airlines rating change at HSBC »

China Eastern Airlines…

03/08/13
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MS

Morgan Stanley

$44.48

1.59 (3.71%)

, BBT

BB&T

$47.55

1.2 (2.59%)

20:25
01/16/19
01/16
20:25
01/16/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MS

Morgan Stanley

$44.48

1.59 (3.71%)

BBT

BB&T

$47.55

1.2 (2.59%)

PPG

PPG

$102.58

1.58 (1.56%)

MTB

M&T Bank

$154.45

3.04 (2.01%)

KEY

KeyCorp

$16.75

0.44 (2.70%)

FAST

Fastenal

$54.11

-0.47 (-0.86%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 17

    Jan

  • 17

    Jan

  • 17

    Jan

  • 17

    Jan

  • 17

    Jan

  • 17

    Jan

  • 11

    Feb

  • 23

    May

  • 18

    Oct

FDC

First Data

$21.27

3.72 (21.20%)

20:07
01/16/19
01/16
20:07
01/16/19
20:07
Downgrade
First Data rating change at Goldman Sachs »

First Data downgraded to…

03/08/13
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03/08/13
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03/06/13
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  • 03

    Mar

VEON

Veon

$2.56

-0.03 (-1.16%)

19:44
01/16/19
01/16
19:44
01/16/19
19:44
Downgrade
Veon rating change at VTB Capital »

Veon downgraded to Hold…

03/08/13
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03/06/13
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03/06/13
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AMZN

Amazon.com

$1,682.84

7.84 (0.47%)

19:22
01/16/19
01/16
19:22
01/16/19
19:22
Hot Stocks
Amazon announces AWS Backup service »

Amazon Web Service, an…

03/08/13
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  • 16

    Jan

  • 28

    Jan

  • 20

    Feb

  • 03

    Mar

GS

Goldman Sachs

$197.03

17.12 (9.52%)

19:09
01/16/19
01/16
19:09
01/16/19
19:09
Periodicals
WSJ's "Heard on the Street" column says to look past Goldman Sachs Q4 glitter »

The Wall Street…

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  • 03

    Mar

TSLA

Tesla

$346.03

1.78 (0.52%)

18:57
01/16/19
01/16
18:57
01/16/19
18:57
Periodicals
CA makes up large portion of Tesla Model 3 registrations in 2018, Bloomberg says »

The state of California…

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  • 16

    Jan

CARS

Cars.com

$23.14

-0.26 (-1.11%)

, MNKD

MannKind

$1.32

-0.06 (-4.35%)

18:46
01/16/19
01/16
18:46
01/16/19
18:46
Hot Stocks
Fly Intel: After Hours Movers »

HIGHER: Cars.com (CARS)…

CARS

Cars.com

$23.14

-0.26 (-1.11%)

MNKD

MannKind

$1.32

-0.06 (-4.35%)

FOLD

Amicus

$12.18

0.19 (1.58%)

FUL

H.B. Fuller

$43.35

0.09 (0.21%)

PLXS

Plexus

$54.88

1.195 (2.23%)

CSX

CSX

$65.36

0.27 (0.41%)

KMI

Kinder Morgan

$17.46

0.15 (0.87%)

AA

Alcoa

$29.02

0.13 (0.45%)

ACB

Aurora Cannabis

$7.33

0.35 (5.01%)

MRTX

Mirati Therapeutics

$62.51

-2.33 (-3.59%)

AAPL

Apple

$154.88

1.84 (1.20%)

03/08/13
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  • 16

    Jan

  • 16

    Jan

  • 16

    Jan

  • 17

    Jan

  • 17

    Jan

  • 29

    Jan

  • 29

    Jan

  • 10

    Feb

  • 11

    Feb

  • 26

    Feb

  • 27

    Feb

  • 28

    May

  • 17

    Jan

BAC

Bank of America

$28.44

1.89 (7.12%)

18:46
01/16/19
01/16
18:46
01/16/19
18:46
Periodicals
BofA's global investment banking head to leave bank, FT reports »

Bank of America's…

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  • 16

    Jan

  • 12

    Feb

  • 03

    Mar

NEWR

New Relic

$90.47

1.38 (1.55%)

18:44
01/16/19
01/16
18:44
01/16/19
18:44
Hot Stocks
New Relic CEO: 'We are an app-centric company' »

In an interview on…

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  • 23

    Jan

  • 24

    Jan

  • 25

    Jan

  • 06

    Feb

  • 25

    Feb

  • 14

    Mar

TME

Tencent Music

$12.99

0.57 (4.59%)

18:33
01/16/19
01/16
18:33
01/16/19
18:33
Initiation
Tencent Music initiated at JPMorgan »

Tencent Music initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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ASCMA

Ascent Capital

$0.40

-0.0499 (-11.09%)

18:27
01/16/19
01/16
18:27
01/16/19
18:27
Hot Stocks
Ascent Capital announces strategic review »

Ascent Capital Group…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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CMS

CMS Energy

$50.56

0.34 (0.68%)

18:19
01/16/19
01/16
18:19
01/16/19
18:19
Initiation
CMS Energy initiated at Goldman Sachs »

CMS Energy initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 10

    Feb

DTE

DTE Energy

$111.73

0.48 (0.43%)

18:15
01/16/19
01/16
18:15
01/16/19
18:15
Initiation
DTE Energy initiated at Goldman Sachs »

DTE Energy initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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