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UA

Under Armour

$18.57

(0.00%)

, UAA

Under Armour

$20.53

0.03 (0.15%)

10:17
01/22/19
01/22
10:17
01/22/19
10:17

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Under Armour (UA, UAA) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Alexandra Walvis saying Under Armour's gross margins have inflected positively and are set to "expand materially" as the company executes quality of sale initiatives while also benefiting from mix shifts towards international markets and direct-to-consumer. 2. Nike (NKE) upgraded to Outperform from Market Perform at Cowen with analyst John Kernan saying he views Nike's gross margin improvement and speed initiatives as key catalysts to near-term and multi-year upside to margins. 3. IntercontinentalExchange (ICE) upgraded to Buy from Neutral at Citi. 4. TechnipFMC (FTI) upgraded to Neutral from Underperform at Exane BNP Paribas. 5. Cars.com (CARS) upgraded to Buy from Neutral at BTIG with analyst Marvin Fong citing the company's announcement that it is reviewing its strategic alternatives that includes a potential sale last week. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

UA

Under Armour

$18.57

(0.00%)

UAA

Under Armour

$20.53

0.03 (0.15%)

NKE

Nike

$80.86

0.41 (0.51%)

ICE

IntercontinentalExchange

$76.03

0.39 (0.52%)

FTI

TechnipFMC

$23.25

-0.83 (-3.45%)

CARS

Cars.com

$25.13

0.145 (0.58%)

  • 21

    Feb

  • 03

    Mar

  • 28

    May

UA Under Armour
$18.57

(0.00%)

01/22/19
GSCO
01/22/19
UPGRADE
Target $28
GSCO
Conviction Buy
Goldman upgrades Under Armour to Conviction Buy, sees 37% share upside
Goldman Sachs analyst Alexandra Walvis upgraded Under Armour (UAA) to Buy and raised her price target for the shares to $28 from $24. The analyst also added the shares to her firm's Americas Conviction List. Under Armour's gross margins have inflected positively and are set to "expand materially" as the company executes quality of sale initiatives while also benefiting from mix shifts towards international markets and direct-to-consumer, Walvis tells investors in a research note. She's encouraged by the company's recent progress on cost and inventory management and views the stock's current valuation as attractive. Walvis sees 37% upside in Under Armour shares.
01/22/19
GSCO
01/22/19
UPGRADE
Target $28
GSCO
Conviction Buy
Under Armour upgraded to Conviction Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis upgraded Under Armour (UAA) to Buy and raised her price target for the shares to $28 from $24. The analyst also added the shares to her firm's Conviction List.
01/04/19
BARD
01/04/19
NO CHANGE
Target $29
BARD
Outperform
Under Armour selloff clears path for outperformance in 2019, says Baird
Baird analyst Jonathan Komp said the late-year selloff for Under Armour has cleared the path for outperformance in 2019. The analyst said the company set a very achievable/beatable bar at its analyst day, but the shares received an underwhelming response. He said 2019 should mark the final year in its three-year turnaround plan and that its shift toward a more balanced long-term growth outlook emphasizes margin improvement and restoring a premium positioning within North America. Komp reiterated his Outperform rating and $29 price target on Under Armour shares.
12/31/18
PIPR
12/31/18
NO CHANGE
Target $30
PIPR
Overweight
Piper favors Nike, Under Armour, Ulta, Crocs and Funko as 2019 brand ideas
Piper Jaffray analyst Erinn Murphy lowered her price targets across the Global Lifestyle Brands group to reflect the recent market volatility. The analyst, however, feels good about the Holiday while remaining "wary on multi-brand retailers on a longer-term basis." Murphy favors Nike (NKE), Under Armour (UAA), Ulta Beauty (ULTA), Crocs (CROX) and Funko (FNKO) as 2019 ideas. She sees Under Armour as one of the better names to own into 2019 with "what still appears to be a healthy amount of skepticism around the stock." Management's 2019 targets will ultimately prove conservative and upside should continue throughout the year, Murphy tells investors in a research note. The analyst keeps an Overweight rating on Under Armour but lowered her price target for the shares to $30 from $32. She cut targets on 15 names in the Global Lifestyle Brands space, including Underweight-rated e.l.f. Beauty (ELF) to $8 from $10, Overweight-rated G-III Apparel (GIII) to $40 from $50, Overweight-rated PVH Corp. (PVH) to $140 from $150, Overweight-rated Ulta Beauty to $295 from $320 and Overweight-rated VF Corp. (VFC) to $91 from $104.
UAA Under Armour
$20.53

0.03 (0.15%)

01/10/19
OTRG
01/10/19
UPGRADE
OTRG
Mixed
Under Armour upgraded to Mixed from Negative at OTR Global
NKE Nike
$80.86

0.41 (0.51%)

01/10/19
NEED
01/10/19
UPGRADE
Target $85
NEED
Buy
Nike upgraded to Buy from Hold at Needham
Needham analyst Rick Patel upgraded Nike to Buy with a price target of $85, saying the likelihood of "robust sales growth and margin expansion" from the company's "strategic initiatives" is increasingly clear. The analyst notes that Nike Direct is a particularly strong "sales driver", improving the company's revenue realized per user and also giving Nike the ability to "better engage customers with differentiated marketing." Patel also cites the company's growing focus on international, women's, and the wholesale channel segment opportunities leading to further new customer growth.
01/11/19
OPCO
01/11/19
NO CHANGE
Target $90
OPCO
Outperform
Nike, Lululemon, Tapestry managing China risks well, says Oppenheimer
Oppenheimer analyst Brian Nagel said that after reviewing recent data from China, he believes brands in the retail space are managing their China risks well. Underlying demand for fashion and luxury goods by increasingly affluent Chinese consumers appears solidly intact, Nagel tells investors in a research note, calling out Nike (NKE), which reported on December 20 and noted continued momentum in China. Nagel says he also continues to to recommend Lululemon (LULU) and Tapestry (TPR).
01/22/19
COWN
01/22/19
UPGRADE
COWN
Outperform
Nike upgraded to Outperform from Market Perform at Cowen
01/22/19
COWN
01/22/19
UPGRADE
Target $90
COWN
Outperform
Cowen analyst sees upside catalysts, upgrades Nike to Outperform
As reported previously, Cowen analyst John Kernan upgraded Nike to Outperform from Market Perform. The analyst said he views Nike's gross margin improvement and speed initiatives as key catalysts to near-term and multi-year upside to margins. He also believes its margin enhancing opportunities should enable the company to offset cost pressures. Kernan raised his price target to $90 from $80 on Nike shares.
ICE IntercontinentalExchange
$76.03

0.39 (0.52%)

01/04/19
GSCO
01/04/19
DOWNGRADE
Target $93
GSCO
Neutral
T. Rowe Price downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Alexander Blostein downgraded T. Rowe Price (TROW) to Neutral with a $93 price target. The analyst also removed the shares of KKR (KKR) and IntercontinentalExchange (ICE) from his firm's Americas Conviction List, but keeps Buy ratings on both. Blostein continues to view T. Rowe as "one of the strongest active management franchises" in a challenging environment for traditional asset managers, but he believes "risks to the stock are building." Flows are likely to decelerate "meaningfully" as T. Rowe's three-year excess returns in parts on equities and particularly in fixed income are declining and broader retail rotation out of equities remains a risk, the analyst tells investors in a research note.
01/04/19
GSCO
01/04/19
DOWNGRADE
Target $84
GSCO
Buy
IntercontinentalExchange downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Alexander Blostein removed IntercontinentalExchange from his firm's Americas Conviction List but keeps a Buy rating on the name. He lowered his price target for the shares to $84 from $90. The new 12-month price target still implies 13% upside from current levels. Blostein believes ICE's risk/reward remains "solid," but thinks the "valuation disconnect" is now "less pronounced." The analyst also points out that his earnings estimates are now largely in line with the consensus.
01/22/19
SBSH
01/22/19
UPGRADE
SBSH
Buy
IntercontinentalExchange upgraded to Buy from Neutral at Citi
Citi analyst Ben Herbert upgraded IntercontinentalExchange to Buy.
01/22/19
SBSH
01/22/19
NO CHANGE
SBSH
Citi upgrades ICE to Buy, puts 'Upside Catalyst Watch' on CME
Citi analyst Ben Herbert upgraded IntercontinentalExchange (ICE) to Buy from Neutral and raised his price target for the shares to $86 from $80. The analyst also placed a "30 Day Upside Catalyst Watch" on his top pick CME Group (CME). He lowered his price target for those shares to $210 from $220 and keeps a Buy rating on the name. On IntercontinentalExchange, the analyst sees a more attractive valuation following the recent pullback and a more favorable volume outlook in 2019. Further, he thinks Data momentum drives an upward bias to revenue estimates in 2019 and 2020. For CME, Herbert expects a favorable NEX Group update relating to margins and revenue opportunities when the company reports Q4 earnings.
FTI TechnipFMC
$23.25

-0.83 (-3.45%)

12/14/18
GHSC
12/14/18
UPGRADE
GHSC
Buy
TechnipFMC upgraded to Buy from Neutral at Seaport Global
12/14/18
GHSC
12/14/18
UPGRADE
Target $28
GHSC
Buy
TechnipFMC upgraded to Buy from Neutral at Seaport Global
Seaport Global analyst Mike Urban upgraded TechnipFMC to Buy and raised his price target to $28 from $26, citing the bottoming LNG cycles that warrant a "more constructive outlook for the stock". Aside from the "field fundamentals", the analyst also sees the break-up of the company into an upstream-focused entity with its current Subsea and Surface segments and a downstream-oriented one with its Onshore/Offshore business as a potential 2019 catalyst. Urban believes that the potential benefits from the split could give the stock an implied price increase to as high as $47 per share.
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."
01/22/19
EXAN
01/22/19
UPGRADE
EXAN
Neutral
TechnipFMC upgraded to Neutral from Underperform at Exane BNP Paribas
CARS Cars.com
$25.13

0.145 (0.58%)

01/22/19
BTIG
01/22/19
UPGRADE
Target $30
BTIG
Buy
Cars.com upgraded to Buy from Neutral at BTIG
BTIG analyst Marvin Fong upgraded Cars.com to Buy with a price target of $30 after the company announced it is reviewing its strategic alternatives that includes a potential sale last week. The analyst notes the outlook for shareholders has "meaningfully improved" as the company has posted strong Q4 traffic growth, reduced salesforce cost to free up $10M for reinvestment, and also made positive changes to its user interface. Fong believes that even if the latest review does not lead to a sale, the activist involvement has generated benefits and Cars.com may be back on the "auction block" at some point down the line.
01/22/19
BTIG
01/22/19
UPGRADE
BTIG
Buy
Cars.com upgraded to Buy from Neutral at BTIG
01/17/19
01/17/19
UPGRADE
Target $30

Buy
Cars.com upgraded to Buy on review of strategic alternatives at Craig-Hallum
As previously reported, Craig-Hallum analyst Steve Dyer upgraded Cars.com to Buy from Hold as he believes review of strategic alternatives will be a catalyst. The analyst also raised his price target on the shares to $30 from $25, but thinks a sale could potentially fetch a higher valuation.
01/17/19
BNCH
01/17/19
NO CHANGE
BNCH
Hold
Cars.com could be valued in high $20 to low $30 range in sale, says Benchmark
After Cars.com announced that it has been conducting a process to explore strategic alternatives, Benchmark analyst Daniel Kurnos said he sees the potential for a sale in the high $20 to low $30 range, but also believes the buyer pool could be limited by Cars' lack of growth. The analyst, who views an ultimate sale as "far from a certain thing," keeps a Hold rating on Cars.com shares, which are up $1.79, or 7.7%, to $24.95 in pre-market trading.

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DZSI

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$12.10

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