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SNAP

Snap

$6.36

0.08 (1.27%)

, NOC

Northrop Grumman

$258.57

2.52 (0.98%)

10:23
01/14/19
01/14
10:23
01/14/19
10:23

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Neutral from Sell at Citi with analyst Mark May saying Snap is down 70% since February 2018 and its current valuation is below Twitter (TWTR) and Facebook's (FB) current and four-year average multiple. 2. Northrop Grumman (NOC) upgraded to Outperform from Neutral at Credit Suisse with analyst Robert Spingarn saying the market was not kind to Northrop Grumman in 2018, with the stock trading down about 21% for the year and about 32% off its high in April. 3. Alcoa (AA) and Teck Resources (TECK) were upgraded to Buy from Neutral at Goldman Sachs. 4. Sherwin-Williams (SHW) upgraded to Outperform from Market Perform at Wells Fargo with analyst Stephen East saying with the equity now trading at an 18.0 times PE multiple and the company growing 2019 EPS an estimated 17%-plus year over year, East believes investors appreciate the potential risks, but might not be appreciating the potential upside. 5. Emerson (EMR) upgraded to Neutral from Sell at Citi with analyst Andrew Kaplowtiz saying he continues to expect slowing growth before larger project activity begins to contribute. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

SNAP

Snap

$6.36

0.08 (1.27%)

NOC

Northrop Grumman

$258.57

2.52 (0.98%)

AA

Alcoa

$28.48

-0.035 (-0.12%)

TECK

Teck Resources

$22.86

0.09 (0.40%)

SHW

Sherwin-Williams

$397.71

1.77 (0.45%)

EMR

Emerson

$61.64

-0.36 (-0.58%)

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    Mar

SNAP Snap
$6.36

0.08 (1.27%)

01/10/19
COWN
01/10/19
UPGRADE
Target $6
COWN
Market Perform
Snap upgraded to Market Perform at Cowen
As reported previously, Cowen analyst John Blackledge upgraded Snap to Market Perform from Underperform. The analyst believes its valuation is reasonable and with ad spending expected to increase this year, the company could benefit. Blackledge maintains his $6 price target on Snap shares.
01/14/19
SBSH
01/14/19
UPGRADE
Target $7
SBSH
Neutral
Citi upgrades Snap to Neutral ahead of Android app rollout
Citi analyst Mark May upgraded Snap (SNAP) to Neutral from Sell and raised his price target for the shares to $7 from $6. The camera company closed Monday up 6c to $6.28. Snap is down 70% since February 2018 and its current valuation is below Twitter (TWTR) and Facebook's (FB) current and four-year average multiple, May tells investors in a research note. Further, the analyst expects Snap will soon fully rollout a new version of its app for Android, which could improve user and engagement growth. In addition, Snap's advertising average revenue per user accelerated in Q3, which bodes well, especially if user growth likewise improves later in 2019, May contends.
01/14/19
SBSH
01/14/19
UPGRADE
SBSH
Neutral
Snap upgraded to Neutral from Sell at Citi
Citi analyst Mark May upgraded Snap to Neutral.
01/10/19
01/10/19
UPGRADE
Target $39

Buy
BofA/Merrill upgrades Twitter two notches to Buy following social user survey
As previously reported, BofA Merrill Lynch analyst Justin Post upgraded Twitter (TWTR) two notches, to Buy from Underperform, after conducting a survey in early December of more than 1,000 U.S. consumers ages 18-65. The survey showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. Improving metrics in the 18-29 demographic suggest more younger users are turning to Twitter, noted Post. The analyst, who sees Twitter as a strong play on video ad dollars shifting online and advertisers potentially diversifying their ad spending, raised his price target on Twitter shares to $39. Post added in the note to investors that the survey suggested Google (GOOGL) and Facebook's (FB) Instagram have the most positive usage trends, while the negative effects from Snap's (SNAP) redesign appear to have continued.
NOC Northrop Grumman
$258.57

2.52 (0.98%)

01/10/19
01/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ship Finance (SFL) initiated with a Neutral at B. Riley FBR. 2. Wipro (WIT) initiated with a Hold at Deutsche Bank. 3. Boeing (BA), Lockheed Martin (LMT), and Raytheon (RTN) were initiated with a Positive at Susquehanna while Northrop Grumman (NOC) and General Dynamics (GD) were initiated with a Neutral. 4. Dollar General (DG) initiated with an Outperform at BMO Capital while Dollar Tree (DLTR) was initiated with a Market Perform. 5. Verint (VRNT) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/14/19
01/14/19
UPGRADE
Target $302

Outperform
Northrop Grumman upgraded to Outperform on valuation at Credit Suisse
As previously reported, Credit Suisse analyst Robert Spingarn upgraded Northrop Grumman to Outperform from Neutral, while lowering his price target on the shares to $302 from $311. The analyst notes that the market was not kind to Northrop Grumman in 2018, with the stock trading down about 21% for the year and about 32% off its high in April. While some of this weakness was endemic to its own circumstances, the analyst thinks it is more broadly a reflection of lofty expectations for future budgets and correspondingly elevated ex-pension valuations seen for both Northrop Grumman and across the defense hardware space this past spring. At this point, however, the selloff has created an attractive opening, he contends.
01/14/19
FBCO
01/14/19
UPGRADE
FBCO
Outperform
Northrop Grumman upgraded to Outperform from Neutral at Credit Suisse
01/14/19
FBCO
01/14/19
UPGRADE
FBCO
Outperform
Northrop Grumman upgraded to Outperform from Neutral at Credit Suisse
AA Alcoa
$28.48

-0.035 (-0.12%)

01/14/19
GSCO
01/14/19
UPGRADE
Target $38
GSCO
Buy
Alcoa upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Korn upgraded Alcoa to Buy while lowering his price target for the shares to $38 from $49. The analyst says that while multiples across most of the stocks in his coverage group "look depressed," miners Alcoa and Teck Resources (TECK) "now stand out in particular." The two are quality mining companies with leading market positions, low leverage and "healthy" free cash flow yields, Korn tells investors in a research note.
01/11/19
JPMS
01/11/19
NO CHANGE
Target $57
JPMS
Overweight
Alcoa price target lowered to $57 from $79 at JPMorgan
JPMorgan analyst Michael Gambardella reduced his estimates for Alcoa t reflect lower than expected realized prices in Q4 and lower price forecasts for 2019. The analyst also dropped his price target for the shares to $57 but maintains an Overweight rating on the name. He still sees "attractive upside" in Alcoa's stock at current forward prices. The stock is discounting too steep of a decline in alumina and aluminum prices, Gambardella tells investors in a research note.
10/18/18
BMOC
10/18/18
NO CHANGE
Target $75
BMOC
Outperform
Alcoa remains 'meaningfully undervalued', says BMO Capital
BMO Capital analyst David Gagliano kept his Outperform rating and $75 price target on Alcoa after its Q3 earnings beat and additional $200M stock buyback, maintaining his view that the shares are "meaningfully undervalued" even under the "risk-off" environment assumptions. The analyst notes that the company's earnings beat was driven by its aluminum segment profitability thanks to the strong contributions from energy and flat-rolled products. Gagliano also contends that there is a disconnect between Alcoa valuation multiples typically seen at the peak of the underlying pricing cycle and its compressed marginal cost prices.
10/18/18
FBCO
10/18/18
NO CHANGE
Target $58
FBCO
Outperform
Alcoa too cheap to ignore, says Credit Suisse
Credit Suisse analyst Curt Woodworth believes Alcoa is "significantly undervalued" and thinks the strong operating performance in Q3 and continued tightness in alumina set the stage for meaningful earnings revisions across the Street. The analyst reiterates an Outperform rating and $58 price target on the shares.
TECK Teck Resources
$22.86

0.09 (0.40%)

01/14/19
GSCO
01/14/19
UPGRADE
Target $29
GSCO
Buy
Teck Resources upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Korn upgraded Teck Resources to Buy with an unchanged price target of $29. The analyst says that while multiples across most of the stocks in his coverage group "look depressed," miners Alcoa and Teck Resources (TECK) "now stand out in particular." The two are quality mining companies with leading market positions, low leverage and "healthy" free cash flow yields, Korn tells investors in a research note.
01/08/19
BMOC
01/08/19
INITIATION
BMOC
Outperform
Teck Resources initiated with an Outperform at BMO Capital
01/09/19
BMOC
01/09/19
INITIATION
Target $48
BMOC
Outperform
Teck Resources initiated with an Outperform at BMO Capital
BMO Capital analyst Jackie Przybylowski initiated Teck Resources with an Outperform rating and a price target of $48, citing the appeal of its "low risk profile" to different investor classes. The analyst anticipates more funds flowing into the stock as the outlook toward copper and other commodities improves in 2019. Przybylowski is also positive on Teck's diversified asset mix exposure to met coal as well as its stable balance sheet.
SHW Sherwin-Williams
$397.71

1.77 (0.45%)

01/14/19
WELS
01/14/19
UPGRADE
WELS
Outperform
Sherwin-Williams upgraded to Outperform from Market Perform at Wells Fargo
01/14/19
01/14/19
UPGRADE
Target $475

Outperform
Sherwin-Williams upgraded to Outperform on 'overlooked' positives at Wells Fargo
As previously reported, Wells Fargo analyst Stephen East upgraded Sherwin-Williams to Outperform from Market Perform and raised his price target on the shares to $475 from $450. The analyst notes that he has generally been positive on the stock, but valuation has often kept him on the sidelines. With the equity now trading at an 18.0 times PE multiple and the company growing 2019 EPS an estimated 17%-plus year over year, East believes investors appreciate the potential risks, but might not be appreciating the potential upside. Although immediate RM deflation benefits in Q4 are likely pre-mature, given the equity's nearly 20% pullback from September 2018, the analyst believes any inline, to slightly better than expected, results over the next year will be "inordinately rewarded."
01/04/19
SBSH
01/04/19
UPGRADE
Target $453
SBSH
Buy
Citi upgrades Sherwin-Williams to Buy on easing raw material costs
Citi analyst P.J. Juvekar upgraded Sherwin-Williams (SHW) to Buy from Neutral and raised his price target for the shares to $453 from $390. The analyst expects the company's raw material cost headwinds to ease and expects its "repair and remodel" business to remain strong. He also likes Air Products (APD) as a late-cycle play and upgraded Chemours (CC) this morning to Buy from Neutral.
01/04/19
SBSH
01/04/19
UPGRADE
Target $453
SBSH
Buy
Sherwin-Williams upgraded to Buy from Neutral at Citi
Citi analyst P.J. Juvekar upgraded Sherwin-Williams to Buy and raised his price target for the shares to $453 from $390.
EMR Emerson
$61.64

-0.36 (-0.58%)

01/14/19
SBSH
01/14/19
UPGRADE
SBSH
Neutral
Emerson upgraded to Neutral from Sell at Citi
01/03/19
RBCM
01/03/19
DOWNGRADE
Target $61
RBCM
Sector Perform
Emerson downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Deane Dray downgraded Emerson to Sector Perform from Outperform and lowered his price target to $61 from $68.
01/04/19
RBCM
01/04/19
DOWNGRADE
RBCM
Sector Perform
Emerson downgraded to Sector Perform from Outperform at RBC Capital
01/14/19
SBSH
01/14/19
UPGRADE
Target $66
SBSH
Neutral
Citi upgrades Emerson to Neutral on more balanced risk/reward
Citi analyst Andrew Kaplowtiz upgraded Emerson Electric to Neutral from Sell with a $66 price target. The analyst continues to expect slowing growth before larger project activity begins to contribute. However, he believes the recent pullback in the shares discounts this potential "air pocket" and views Emerson's risk/reward as more balanced at current levels.

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BREW

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$15.50

0.19 (1.24%)

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$0.91

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PermRock Royalty Trust

$9.61

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ERJ

Embraer

$22.81

-0.59 (-2.52%)

20:34
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AICAF

Air China

$0.00

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20:32
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CEA

China Eastern Airlines

$28.64

-0.09 (-0.31%)

20:26
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MS

Morgan Stanley

$44.48

1.59 (3.71%)

, BBT

BB&T

$47.55

1.2 (2.59%)

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Morgan Stanley

$44.48

1.59 (3.71%)

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BB&T

$47.55

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PPG

$102.58

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MTB

M&T Bank

$154.45

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KeyCorp

$16.75

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FAST

Fastenal

$54.11

-0.47 (-0.86%)

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FDC

First Data

$21.27

3.72 (21.20%)

20:07
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  • 03

    Mar

VEON

Veon

$2.56

-0.03 (-1.16%)

19:44
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Veon rating change at VTB Capital »

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AMZN

Amazon.com

$1,682.84

7.84 (0.47%)

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GS

Goldman Sachs

$197.03

17.12 (9.52%)

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Tesla

$346.03

1.78 (0.52%)

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CSX

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$154.88

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BAC

Bank of America

$28.44

1.89 (7.12%)

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NEWR

New Relic

$90.47

1.38 (1.55%)

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TME

Tencent Music

$12.99

0.57 (4.59%)

18:33
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ASCMA

Ascent Capital

$0.40

-0.0499 (-11.09%)

18:27
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Ascent Capital announces strategic review »

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CMS

CMS Energy

$50.56

0.34 (0.68%)

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

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  • 10

    Feb

DTE

DTE Energy

$111.73

0.48 (0.43%)

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

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