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LOGI

Logitech

$36.13

0.58 (1.63%)

, SAP

SAP

$106.00

0.67 (0.64%)

06:22
01/28/19
01/28
06:22
01/28/19
06:22

Logitech upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs analyst Mohammed Moawalla upgraded Logitech (LOGI) to Buy while lowering his price target for the shares to 44 francs from 47.50 francs. The stock has underperformed the Europe Technology group by 17% in last six months despite "strong management execution and continuing secular growth avenues," Moawalla tells investors in a research note. He believes Logitech can deliver 9% annual revenue growth through fiscal 2024 and sees an attractive entry point at current share levels. Moawalla continues to see structural drivers of growth for the company, driven by the Gaming and Video Collaboration segments. His top picks in the Europe Technology sector are SAP (SAP), ASML (ASML), Wirecard (WCAGY) and Capgemini (CGEMY).

LOGI

Logitech

$36.13

0.58 (1.63%)

SAP

SAP

$106.00

0.67 (0.64%)

ASML

ASML

$176.80

8 (4.74%)

WCAGY

Wirecard

$0.00

(0.00%)

CGEMY

Capgemini

$0.00

(0.00%)

LOGI Logitech
$36.13

0.58 (1.63%)

01/23/19
01/23/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Walmart (WMT) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Simeon Gutman citing his belief that Walmart U.S. can now generate sales growth without sacrificing margins, unlike most retailers. 2. Teva (TEVA) upgraded to Buy from Neutral at UBS and to Neutral from Underweight at Piper Jaffray. 3. D.R. Horton (DHI) upgraded to Buy from Neutral at Mizuho with analyst Haendel St. Juste saying stock selectivity is becoming more important in these latter stages of the housing cycle and larger platforms with price point diversification and strong balance sheets will be rewarded. 4. Logitech (LOGI) upgraded to Overweight from Neutral at JPMorgan and to Hold from Sell at Maxim. 5. Lamb Weston (LW) upgraded to Buy from Hold at Stifel with analyst Christopher Growe saying he is confident in the "growth profile of the business continuing amidst the very strong operating conditions in the category." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/23/19
JPMS
01/23/19
UPGRADE
Target $42
JPMS
Overweight
JPMorgan upgrades Logitech to Overweight with $42 target after Q3 results
JPMorgan analyst Paul Chung upgraded Logitech International to Overweight from Neutral and raised his price target for the shares to $42 from $38 following yesterday's fiscal Q3 results. Logitech's product mix shift is trending toward higher margin growth categories Gaming and Video Collaboration, which are driving gross margins structurally higher, Chung tells investors in a post-earnings research note. Video Collaboration is benefiting from secular demand for huddle room solutions and now expanding to all conference room types, says the analyst. He thinks Logitech's valuation multiples look attractive for longer term investors.
01/23/19
MAXM
01/23/19
UPGRADE
MAXM
Hold
Logitech upgraded to Hold from Sell at Maxim
01/23/19
DADA
01/23/19
NO CHANGE
Target $58
DADA
Buy
Logitech Q3 performance 'impressive', says DA Davidson
DA Davidson analyst Tom Forte kept his Buy rating and $58 price target on Logitech after its Q3 results, saying the company's performance was especially impressive given the challenges in the quarter around tariffs, strong U.S. Dollar, slower economic growth in China, and the U.S. government shutdown. The analyst contends that investors should buy Logitech shares after the earnings as he was "encouraged by the company's ability to shift its focus to high growth segments such as video collaboration and gaming".
SAP SAP
$106.00

0.67 (0.64%)

10/22/18
UBSW
10/22/18
UPGRADE
UBSW
Buy
SAP upgraded to Buy from Neutral at UBS
UBS analyst Michael Briest upgraded SAP to Buy and raised his price target for the shares to EUR 110 from EUR 108 following last week's Q3 results. The company deserves credit for sustaining 6%-10% underlying sales growth over the past 12 quarters, with "impressive" cloud growth at scale, Briest tells investors in a research note titled "Reality checked. Upgrade to Buy." Further, the analyst sees signs that SAP's cash flow will improve in 2019 as spending growth moderates.
10/22/18
10/22/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Intel (INTC) upgraded to Buy from Neutral at Nomura Instinet with analyst Romit Shah saying he believes Intel is a buy at current share levels. 2. AT&T (T) upgraded to Buy from Neutral at Tigress Financial with analyst Ivan Feinseth saying the upcoming launch of its high-speed 5G wireless communication network and the integration of Time Warner's content "creates a significant investment opportunity." 3. M&T Bank (MTB) upgraded to Overweight from Neutral at Piper Jaffray with analyst Kevin Barker saying this quarter, M&T's deposit base remained steady, its loan/deposit ratio declined and management felt confident the ratio would remain in the 95%-100% range for the foreseeable future. 4. Chipotle (CMG) upgraded to Outperform from Sector Perform at RBC Capital with analyst David Palmer saying while Q3 earnings may be "lackluster," he expects comps to improve from 4% to 6% through the second half of FY19 and raises his FY20 EPS vie to $16.30 from $15.86 on implied 3-turn multiple increase to 31-times forward earnings. 5. SAP (SAP) upgraded to Buy from Neutral at UBS with analyst Michael Briest saying the company deserves credit for sustaining 6%-10% underlying sales growth over the past 12 quarters, with "impressive" cloud growth at scale. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/06/18
JMPS
11/06/18
INITIATION
Target $29
JMPS
Outperform
Anaplan initiated with an Outperform at JMP Securities
JMP Securities analyst Patrick Walravens initiated Anaplan (PLAN) with an Outperform rating and $29 price target, stating that he believes it is well-positioned to increase its share of the worldwide performance management and analytic applications software market from about 1% today to about 3% in 2022. He sees the company being able to take share from Excel-based solutions, homegrown products, and incumbents such as Oracle (ORCL), IBM (IBM), and SAP (SAP), Walravens added.
11/16/18
KEYB
11/16/18
NO CHANGE
Target $56
KEYB
Overweight
BlackLine price target cut to $56 from $65 at KeyBanc
KeyBanc analyst Brent Bracelin lowered his price target on BlackLine (BL) to $56 but maintained an Overweight rating, citing a favorable risk/reward and a strong competitive moat in cloud accounting. In a research note to investors, Bracelin says that despite positive feedback at the user conference this week, he is lowering our 2019 revenue estimates by $17.7M based on risks that could temper 2019 growth but provide a stronger foundation for upside in 2020, including SAP's (SAP) shift to a revenue-share model starting in Q4 and sales investments by new leadership that may take more time given several new hires joined in late summer.
ASML ASML
$176.80

8 (4.74%)

11/30/18
LEHM
11/30/18
NO CHANGE
LEHM
Overweight
ASML selloff brings long-term buying opportunity, says Barclays
Barclays analyst Andrew Gardiner views the recent pullback in shares of ASML as providing a long-term buying opportunity. ASML shares have given back their gains and are roughly flat on the year, with investor fears over a slowing memory market offsetting the positive estimate momentum seen year-to-date, Gardiner tells investors in a research note. The analyst says that while such fears are understandable given concerns over end-market demand and memory pricing, his analysis suggests they are overdone. He believes consensus expectations factoring in a 25% cut to memory spending is a worst case scenario. With limited downside to 2019 numbers, investors "should have comfort to look again to the long-term story," says Gardiner. The analyst has a Overweight rating on ASML with a price target of EUR 210.
10/31/18
10/31/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Electric (GE) upgraded to Buy from Neutral at UBS with analyst Steven Winoker saying he has conviction that new CEO Larry Culp can lead a turnaround of the business and his upside/downside analysis for shares now stands at a favorable 3:1 skew following the recent selloff. 2. Eli Lilly (LLY) upgraded to Neutral from Underperform at Credit Suisse. 3. Comerica (CMA) upgraded to Strong Buy from Outperform at Raymond James with analyst David Long saying the pullback in the sector provides more attractive risk/reward in Comerica shares and said its deposit base is relatively attractive given its high 52% composition of noninterest-bearing deposits, 87.5% loan/deposit ratio, and low 21% cumulative deposit beta. 4. Denny's (DENN) upgraded to Overweight from Equal Weight at Stephens with analyst Will Slabaugh saying the company's transition to a 95%-plus franchised model, and the improving return on invested capital that accompanies the transition, should "command a higher valuation." 5. ASML (ASML) upgraded to Buy from Hold at Santander. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/31/18
SANT
10/31/18
UPGRADE
SANT
Buy
ASML upgraded to Buy from Hold at Santander
10/23/18
SUSQ
10/23/18
DOWNGRADE
SUSQ
Neutral
Susquehanna downgrades Semi Capital Equipment stocks on lower spending
Susquehanna analyst Mehdi Hosseini downgraded Applied Materials (AMAT), ASML (ASML) and Lam Research (LRCX) to Neutral from Positive after channel checks suggested a more challenging Enterprise/Cloud demand environment. The analyst cut his price target for Applied Materials to $38 from $60, for ASML to $200 from $240 and for Lam to $165 from $225. The analyst says that despite an average stock decline of 30% since the peak of 2018, he now believes there is further downside risk. While Lam and ASML already called for a bottoming in quarterly revenue and shipments following the September quarter reports, there is further downside risk as memory budgets are continuing to be revised lower, particularly given that Cloud/Enterprise spending is expected to be lower than prior expectations, Hosseini tells investors in a research note, citing his channel work. These stocks may off a better risk/reward profile in early 2019 when we have improved visibility on equipment shipment plans for the second half of the year, contends the analyst.
WCAGY Wirecard
$0.00

(0.00%)

CGEMY Capgemini
$0.00

(0.00%)

12/06/18
LEHM
12/06/18
DOWNGRADE
LEHM
Equal Weight
Capgemini downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Gerardus Vos downgraded Capgemini to Equal Weight and lowered his price target for the shares to EUR 106 from EUR 125. The analyst sees "some downward pressure" on earnings going forward.
02/05/18
MSCO
02/05/18
UPGRADE
Target $180
MSCO
Overweight
Morgan Stanley double upgrades IT Services, moves Accenture to Overweight
Morgan Stanley analyst Brian Essex upgraded Accenture (ACN) to Overweight and raised his price target for the shares to $180 from $159. The analyst, following his firm's chief investment officer survey, believes the secular shift toward digital and cloud adoption is in the early stages. As such, Essex double upgraded his view on the IT Services industry to Attractive from Cautious. Vendors with strong positioning in consulting and system integration and next-gen applications should take market share, the analyst tells investors in a research note on the sector. Along with his upgrade of Accenture, the Essex highlights IBM (IBM) and Capgemini (CGEMY) as names poised to benefit relative to peers. He also raised his price target for Cognizant shares to $84 from $77.

TODAY'S FREE FLY STORIES

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WMT

Walmart

$120.41

1.52 (1.28%)

11:36
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Periodicals
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CLDR

Cloudera

$8.80

0.04 (0.46%)

11:35
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WMT

Walmart

$120.42

1.53 (1.29%)

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TMUS

T-Mobile

$78.07

0.02 (0.03%)

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LB

L Brands

$18.05

-0.03 (-0.17%)

11:25
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L Brands call volume above normal and directionally bullish »

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ATTO

Atento

$2.83

(0.00%)

11:25
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Atento to host investor day »

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  • 18

    Nov

MDCO

The Medicines Co.

$55.12

3.2 (6.16%)

11:25
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Conference/Events
The Medicines Co. to host conference call »

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  • 18

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TMUS

T-Mobile

$78.12

0.07 (0.09%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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11:15
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General news
Chair Powell met with President Trump and Treasury Secretary Mnuchin »

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LK

Luckin Coffee

$28.78

1.72 (6.36%)

11:09
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PTON

Peloton

$28.40

1.12 (4.11%)

11:05
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Peloton Interactive call volume above normal and directionally bullish »

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  • 09

    Dec

BA

Boeing

$373.21

1.66 (0.45%)

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TRP

TC Energy

$51.43

0.05 (0.10%)

11:00
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TC Energy management to meet with JPMorgan »

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SPY

SPDR S&P 500 ETF Trust

$311.27

-0.56 (-0.18%)

, SPX

S&P 500

$0.00

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$311.27

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CGC

Canopy Growth

$14.66

-0.665 (-4.34%)

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  • 19

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LTS

Ladenburg Thalmann

$3.48

(0.00%)

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TWTR

Twitter

$29.33

0.08 (0.27%)

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  • 06

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AMRN

Amarin

$23.72

-0.275 (-1.15%)

10:44
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  • 18

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