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GT

Goodyear Tire

$21.42

0.15 (0.71%)

, COG

Cabot Oil & Gas

$24.39

0.21 (0.87%)

09:55
01/14/19
01/14
09:55
01/14/19
09:55

Early notable gainers among liquid option names on January 14th

Notable gainers among liquid option names this morning include EQT Corporation (EQT) $20.97 +0.60, L Brands (LB) $27.16 +0.70, Cabot Oil & Gas (COG) $24.75 +0.57, Goodyear Tire (GT) $21.69 +0.42, and Citi (C) $57.71 +1.10.

GT

Goodyear Tire

$21.42

0.15 (0.71%)

COG

Cabot Oil & Gas

$24.39

0.21 (0.87%)

LB

L Brands

$26.64

0.18 (0.68%)

EQT

EQT Corporation

$20.45

0.07 (0.34%)

C

Citi

$57.33

0.72 (1.27%)

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    Feb

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    Apr

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    May

  • 13

    Jul

GT Goodyear Tire
$21.42

0.15 (0.71%)

08/31/18
BREN
08/31/18
DOWNGRADE
Target $23
BREN
Hold
Goodyear Tire downgraded to Hold from Buy at Berenberg
Berenberg analyst Alexander Haissl downgraded Goodyear Tire to Hold and lowered his price target for the shares to $23 from $33. A ramping supply of premium tires will leave the market significantly oversupplied in the medium term, Haissl tells investors in a research note.
12/13/18
DBAB
12/13/18
INITIATION
Target $24
DBAB
Hold
Goodyear Tire initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Emmanuel Rosner started Goodyear Tire & Rubber with a Hold rating and $24 price target.
10/02/18
WOLF
10/02/18
INITIATION
Target $29
WOLF
Outperform
Goodyear Tire initiated with an Outperform at Wolfe Research
Wolfe Research initiated Goodyear Tire with an Outperform and $29 price target.
11/14/18
11/14/18
DOWNGRADE
Target $30

Underweight
Tenneco downgraded to Underweight in 'uncertain environment' at Morgan Stanley
As previously reported, Morgan Stanley analyst Armintas Sinkevicius downgraded Tenneco (TEN) to Underweight from Equal Weight given its elevated leverage and limited free cash flow conversion in what he views as an increasingly uncertain environment for auto suppliers. He believes the stock is unlikely to be viewed more favorably by the market until the spin of the Aftermarket & Ride Performance business in late 2019, "at best." Sinkevicius lowered his price target on Tenneco shares to $30 from $40. On the group in general, the analyst noted that Q3 results were disappointing compared to consensus estimates and he believes there will be limited support for the stocks until there is more clarity around China and until guidance for 2019 is "de-risked." Sinkevicius also lowered his price targets for Adient (ADNT), Aptiv (APTV), American Axle (AXL), BorgWarner (BWA), Delphi Technologies (DLPH), Goodyear Tire (GT), Lear (LEA), Magna (MGA) and Visteon (VC).
COG Cabot Oil & Gas
$24.39

0.21 (0.87%)

12/05/18
MKMP
12/05/18
INITIATION
Target $27
MKMP
Neutral
Cabot Oil & Gas initiated with a Neutral at MKM Partners
MKM Partners analyst John Gerdes started Cabot Oil & Gas with a Neutral rating and $27 price target.
01/07/19
JEFF
01/07/19
UPGRADE
Target $29
JEFF
Buy
Cabot Oil & Gas upgraded to Buy from Hold at Jefferies
Jefferies analyst Zach Parham upgraded Cabot Oil & Gas to Buy and raised his price target for the shares to $29 from $25. The company is well positioned to generate free cash flow in 2019 and beyond as it benefits from potential upside to gas prices given its largely unhedged position, Parham tells investors in a research note. He estimates Cabot's strip free cash flow yield at ~6% and ~5% in 2019 and 2020, respectively, near the top of his coverage universe. The analyst says Cabot will generate free cash flow at gas prices as low as $2.25 and is his top pick for natural gas exposure.
01/14/19
KEYB
01/14/19
INITIATION
KEYB
Sector Weight
Cabot Oil & Gas initiated with a Sector Weight at KeyBanc
KeyBanc analyst Leo Mariani started Cabot Oil & Gas with a Sector Weight due to his expectation that natural gas prices stay flattish in 2019 as it is a best-in-class producer. The analyst expects natural gas to have "an OK year" in 2019, but only if winter weather is normal.
12/21/18
SBSH
12/21/18
UPGRADE
SBSH
Buy
Cabot Oil & Gas upgraded to Buy from Neutral at Citi
Citi analyst Robert Morris upgraded Cabot Oil & Gas to Buy from Neutral.
LB L Brands
$26.64

0.18 (0.68%)

01/14/19
DADA
01/14/19
NO CHANGE
Target $32
DADA
Neutral
L Brands' BBW segment remained 'shining star', says DA Davidson
DA Davidson analyst John Morris kept his Neutral rating and $32 price target on L Brands after its updated Q4 outlook following the company's Holiday season sales results toward the higher end of its forecasted range. The analyst notes that while the comps were flat due to the calendar shift from the 53rd week last year, L Brands' Bath & Body Works segment was the "shining star in December" with an 11% rise in comps vs. the Street view of up 7.9%. Morris further states that the company's "continued channel mix shifts and higher supply chain costs" offset a lower promotional activity, adding that he intends to monitor the underperforming Victoria's Secret division.
01/10/19
LOOP
01/10/19
NO CHANGE
Target $23
LOOP
Sell
L Brands price target cut to $23 at Loop Capital on December sales results
Loop Capital analyst Laura Champine maintained a Sell rating on L Brands but lowered her price target to $23 from $24 following the retailer's "poor" sales results for December, noting that Victoria's Secret sales fell 6% on top of a 1% decline in the year ago period. In a research note to investors, Champine says she expects consensus estimates for fiscal 2019 to move lower as the turnaround for the lingerie brands is again pushed out.
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
WELS
01/02/19
NO CHANGE
Target $50
WELS
Outperform
L Brands price target lowered to $50 from $55 at Wells Fargo
Wells Fargo analyst Ike Boruchow lowered his price target for L Brands to $50 from $55, while reiterating an Outperform rating on the shares. In a research note titled "2019 Retail Outlook report," the analyst says he believes Holiday reads likely slowed post Black Friday, Multinational brands struggled relative to retailers the past several months as concerns around Europe weakness, China uncertainty, a slowdown in tourism and FX pressures are growing, e-commerce meaningfully underperformed Brick and Mortar retail in 2018 as inflated multiples have been hit hard in the face of a painful tech ''unwind'' and choppier fundamentals, 2019 is likely to be worse than 2018 for the space, and Leases are coming onto retailers' balance sheets in 2019, making for worse capital structure optics.
EQT EQT Corporation
$20.45

0.07 (0.34%)

01/07/19
RBCM
01/07/19
DOWNGRADE
Target $27
RBCM
Sector Perform
EQT Corporation downgraded to Sector Perform at RBC Capital on valuation
As reported earlier, RBC Capital analyst Scott Hanold downgraded EQT Corp to Sector Perform with an unchanged price target of $27. The analyst cites the "relative valuation and uncertainty on recent investor activism" in his rating change, saying that while the stock price has bridged some of the valuation gap on activist efforts by Rice Energy management team, the outcome of those efforts remains "cloudy" in the near term. Longer term, Hanold contends that EQT is "well positioned with a large asset base focused in the Appalachian Basin" and also some offering "some of the most economic natural gas assets in North America".
01/07/19
RBCM
01/07/19
DOWNGRADE
RBCM
Sector Perform
EQT Corporation downgraded to Sector Perform from Outperform at RBC Capital
12/05/18
MKMP
12/05/18
INITIATION
Target $28
MKMP
Buy
EQT Corporation initiated with a Buy at MKM Partners
MKM Partners analyst John Gerdes started EQT Corporation with a Buy rating and $28 price target.
12/14/18
FBCO
12/14/18
INITIATION
Target $25
FBCO
Neutral
Equitrans Midstream initiated with a Neutral at Credit Suisse
Credit Suisse analyst Spiro Dounis initiated Equitrans Midstream (ETRN) with a Neutral rating and $25 price target following its spinoff from parent EQT (EQT) last month. The analyst tells investors in a research note that he sees average ~7% DPU growth and prefer the simpler structure, but views current valuation as full for Equitrans on a SOTP basis and for the underlying EQT Midstream (EQM) units.
C Citi
$57.33

0.72 (1.27%)

01/09/19
UBSW
01/09/19
UPGRADE
Target $32
UBSW
Buy
Bank of America upgraded to Buy from Neutral at UBS
UBS analyst Saul Martinez upgraded Bank of America (BAC) to Buy while lowering his price target for the shares to $32 from $33. The current share price offers an attractive entry point for a "leading franchise with proven risk and expense discipline and above peer profitability," Martinez tells investors in a research note. He believes that even with slowing revenue growth, Bank of America should continue improving efficiency metrics. Further, the company looks "comparatively well positioned to withstand a turn in credit," adds the analyst. Citigroup (C) remains Martinez's top pick among money centers.
01/07/19
01/07/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Outperform from Market Perform at BMO Capital with analyst Richard Carlson citing a "brighter spotlight" being placed on the GM Cruise model in 2019 leading to more appropriate value being priced into the shares. 2. Alphabet (GOOG, GOOGL), Adobe (ADBE), and Salesforce (CRM) were upgraded to Buy from Hold at Pivotal Research. 3. Citi (C) upgraded to Outperform from Neutral at Macquarie with analyst David Konrad saying despite macro uncertainties, he sees Citi's stock as compelling due to his expectations for improving performance, continued operating leverage and credit risk concerns that he views as overdone. 4. Micron (MU) upgraded to Outperform from Market Perform at BMO Capital with analyst Ambrish Srivastava citing valuation. 5. Dillard's (DDS) upgraded to Neutral from Underweight at JPMorgan with analyst Matthew Boss saying he sees a more balanced risk/reward with the stock underperforming the over the past few years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/07/19
01/07/19
UPGRADE
Target $76

Outperform
Citi upgraded to Outperform following 2018 underperformance at Macquarie
As previously reported, Macquarie analyst David Konrad upgraded Citi to Outperform from Neutral, partly due to valuation after the stock underperformed peers in 2018. Despite macro uncertainties, he sees Citi's stock as compelling due to his expectations for improving performance, continued operating leverage and credit risk concerns that he views as overdone, Konrad tells investors. However, Konrad lowered his price target on Citi shares to $76 from $83.
01/07/19
MACQ
01/07/19
UPGRADE
MACQ
Outperform
Citi upgraded to Outperform from Neutral at Macquarie

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WOLWF

Woolworths Group

$0.00

(0.00%)

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LLESY

Lendlease Group

$0.00

(0.00%)

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EFSC

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FB

Facebook

$150.01

1.77 (1.19%)

16:36
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FB

Facebook

$150.01

1.77 (1.19%)

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Facebook's WhatsApp limits users to five text forwards, Reuters reports »

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ENB

Enbridge

$36.10

0.425 (1.19%)

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LIN

Linde plc

$160.76

3.48 (2.21%)

16:25
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Periodicals
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  • 28

    May

HENKY

Henkel

$0.00

(0.00%)

16:01
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CAG

Conagra Brands

$21.58

0.34 (1.60%)

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  • 22

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IMF trimmed global growth amid "no-deal" Brexit and trade war concerns »

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UQM

UQM Technologies

$1.10

0.05 (4.76%)

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SNY

Sanofi

$41.50

-0.54 (-1.28%)

12:37
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    Apr

RTN

Raytheon

$165.11

2.285 (1.40%)

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IBCP

Independent Bank

$22.80

-0.11 (-0.48%)

11:26
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  • 29

    Jan

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EDIT

Editas Medicine

$26.16

-0.01 (-0.04%)

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

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Alphabet Class A

$1,106.92

7.52 (0.68%)

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$1,106.92

7.52 (0.68%)

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LAD

Lithia Motors

$87.13

1.57 (1.84%)

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CYDY

CytoDyn

$0.00

(0.00%)

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  • 21

    Jan

ABT

Abbott

$71.43

0.9 (1.28%)

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  • 23

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SFUN

Fang Holdings

$1.88

-0.01 (-0.53%)

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TS

Tenaris

$24.32

0.64 (2.70%)

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PAAS

Pan American Silver

$14.17

-0.31 (-2.14%)

09:42
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