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FCAU

Fiat Chrysler

$14.77

-0.455 (-2.99%)

, K

Kellogg

$55.35

-0.5 (-0.90%)

10:20
02/08/19
02/08
10:20
02/08/19
10:20

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Fiat Chrysler (FCAU) downgraded to Equal Weight from Overweight at Barclays with analyst Brian Johnson saying he is surprised by the "NAFTA earnings plateau" and views the company's 2020 targets as aggressive. 2. Kellogg (K) downgraded to Hold from Buy at Pivotal Research with analyst Timothy Ramey saying the company's adjusted earnings in Q4 disappointed and it "celebrated 0% organic top line growth for the year citing the heavy lift of reversing the negative trajectory." 3. NXP Semiconductors (NXPI) downgraded to Neutral from Buy at Mizuho with analyst Vijay Rakesh saying with the stock up 40% from the December lows, high China auto inventory and Europe's Worldwide Harmonised Light Vehicle Test Procedure "could present challenges and limit upside." 4. Synaptics (SYNA) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster saying the company reported "solid" fiscal Q2 results, driven by further improvement in gross margins, but issued "slightly disappointing" Q3 guidance owing to soft demand in the handset market. 5. Knowles (KN) downgraded to Hold from Buy at Lake Street with analyst Jaeson Schmidt saying while the company can be the dominant player in the market and think its share at Apple (AAPL) is set to remain stable in the future, increasing uncertainty on the health of the global smartphone market could create headwinds to the stock's multiple. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

FCAU

Fiat Chrysler

$14.77

-0.455 (-2.99%)

K

Kellogg

$55.35

-0.5 (-0.90%)

NXPI

NXP Semiconductors

$87.55

-3.2 (-3.53%)

SYNA

Synaptics

$39.91

-0.95 (-2.33%)

KN

Knowles

$15.90

0.23 (1.47%)

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    Mar

FCAU Fiat Chrysler
$14.77

-0.455 (-2.99%)

10/29/18
SPHN
10/29/18
NO CHANGE
SPHN
Equal Weight
Stephens sees positive take-aways from Auto Finance Summit for Ally Financial
After having attended the Auto Finance Summit in Las Vegas last week, Stephens analyst Vincent Caintic said he is a bit more positive in the near-term on Ally Financial (ALLY), citing the combination of their "timely pivot" to used cars combined with strong dealer relationships that he sees helping them take market share. The analyst added that he thinks America's Car-Mart (CRMT) should benefit, like Ally, from the affordability issue facing consumers. He also believes Santander Consumer (SC) should get bought by Fiat Chrysler (FCAU), but Caintic noted that he heard various opinions at the industry event on the merits of Santander versus another subprime lender. Caintic has Equal Weight ratings on Ally, America's Car-Mart and Santander Consumer.
11/05/18
SOCG
11/05/18
UPGRADE
SOCG
Buy
Fiat Chrysler upgraded to Buy from Hold at Societe Generale
02/08/19
LEHM
02/08/19
DOWNGRADE
LEHM
Equal Weight
Fiat Chrysler downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Brian Johnson downgraded Fiat Chrysler to Equal Weight and lowered his price target for the shares to EUR 15 from EUR 18. The analyst is surprised by the "NAFTA earnings plateau" and views the company's 2020 targets as aggressive. Fiat's NAFTA region sales were below estimates in Q4 and also in its outlook, says Johnson.
10/26/18
HSBC
10/26/18
DOWNGRADE
HSBC
Hold
Fiat Chrysler downgraded to Hold from Buy at HSBC
K Kellogg
$55.35

-0.5 (-0.90%)

02/08/19
PIVT
02/08/19
DOWNGRADE
PIVT
Hold
Kellogg downgraded to Hold from Buy at Pivotal Research
02/08/19
JPMS
02/08/19
NO CHANGE
Target $56
JPMS
Neutral
Kellogg price target lowered to $56 from $66 at JPMorgan
JPMorgan analyst Ken Goldman lowered his price target for Kellogg to $56 following the company's "low-quality" Q4 earnings beat and 2019 earnings guidance that came in well below the Street. The analyst says that until he sees an indication that margin erosion is waning, "it is prudent to model conservatively." He keeps a Neutral rating on Kellogg.
02/08/19
BMOC
02/08/19
NO CHANGE
Target $62
BMOC
Market Perform
Kellogg price target lowered to $62 from $70 at BMO Capital
BMO Capital analyst Kenneth Zaslow lowered his price target on Kellogg to $62 and kept his Market Perform rating, citing the company's "low quality" Q4 results. The analyst notes that the earnings beat was driven by "tax favorability", which more than offset slightly lower revenue and operating profit. Zaslow adds that while the company has returned to organic growth, its "effectiveness to accelerate profit growth by shifting to growth over margins has come into question."
02/08/19
PIVT
02/08/19
DOWNGRADE
Target $62
PIVT
Hold
Pivotal downgrades Kellogg to Hold on increased investment spending
Pivotal Research analyst Timothy Ramey downgraded Kellogg to Hold from Buy and cut his price target for the shares to $62 from $90. The company's adjusted earnings in Q4 disappointed and it "celebrated 0% organic top line growth for the year citing the heavy lift of reversing the negative trajectory," Ramey tells investors in a post-earnings research note. The analyst says he can't stick with a Buy rating given Kellogg's further investment spending ahead.
NXPI NXP Semiconductors
$87.55

-3.2 (-3.53%)

02/08/19
NEED
02/08/19
NO CHANGE
Target $105
NEED
Strong Buy
NXP Semiconductors price target raised to $105 from $95 at Needham
Needham analyst Rajvindra Gill raised his price target on NXP Semiconductors to $105 and kept his Strong Buy rating after its "solid Q4 results". The analyst warns that softness in China and industrial segments weighed on Q1 guidance but believes that an uptick in order rates among other analog suppliers in recent weeks could pave the way toward a rebound for NXP Semiconductors in Q2.
02/08/19
MZHO
02/08/19
DOWNGRADE
Target $95
MZHO
Neutral
NXP Semiconductors downgraded to Neutral from Buy at Mizuho
Mizuho analyst Vijay Rakesh downgraded NXP Semiconductors to Neutral with an unchanged price target of $95. With the stock up 40% from the December lows, high China auto inventory and Europe's Worldwide Harmonised Light Vehicle Test Procedure "could present challenges and limit upside," Rakesh tells investors in a research note. Further, the analyst sees little upside to NXP's consensus estimates and points out the stock is close to his price target.
01/17/19
NOMU
01/17/19
UPGRADE
Target $95
NOMU
Buy
NXP Semiconductors upgraded to Buy from Neutral at Nomura Instinet
Nomura Instinet analyst Romit Shah upgraded NXP Semiconductors to Buy with an unchanged price target of $95. The analyst says his call is based largely on valuation with the stock correcting almost 40% from a 52-week high. Investors have largely ignored NXP, "seeing this as a business that is suffering from a two-year engagement with Qualcomm and quite possibly underappreciating an attractive end-market mix," Shah tells investors in a research note.
01/09/19
STFL
01/09/19
NO CHANGE
Target $73
STFL
Sell
NXP Semiconductors price target cut to $73 at Stifel despite 'impressive' CES
Stifel analyst Tore Svanberg lowered his price target on NXP Semiconductors shares to $73 from $78 to account for near-term semiconductor industry risks and its higher debt to free cash flow, though he acknowledged he was impressed by the breadth and depth of the company's technology showing in areas such as automotive, industrial & IoT, infrastructure and retail at the CES show. CES. While he believes the combination with Freescale almost 4 years ago has allowed NXP to build a broader and more comprehensive semiconductor offering, Svanberg remains concerned about the broader semiconductor environment and the company's balance sheet, he tells investors. He maintains a Sell rating on NXP shares.
SYNA Synaptics
$39.91

-0.95 (-2.33%)

02/08/19
NEED
02/08/19
NO CHANGE
Target $60
NEED
Buy
Synaptics price target raised to $60 from $50 at Needham
Needham analyst Rajvindra Gill raised his price target on Synaptics to $60 and kept his Buy rating after its better than expected Q2 results. While the company's revenue outlook was down 15% on the quarter due to continued softness in Internet of Things and Mobile segments, the analyst is encouraged by its shift from latter to former, which he sees as a "long-term growth driver".
02/08/19
JPMS
02/08/19
DOWNGRADE
Target $50
JPMS
Neutral
JPMorgan downgrades Synaptics to Neutral on lack of visbility
JPMorgan analyst Paul Coster downgraded Synaptics to Neutral from Overweight and lowered his price target for the shares to $50 from $55. The company reported "solid" fiscal Q2 results, driven by further improvement in gross margins, but issued "slightly disappointing" Q3 guidance owing to soft demand in the handset market, Coster tells investors in a research note. Despite viewing the shares as undervalued, the analyst moves to the sidelines to reflect a lack of visibility, both with respect to product cycles and the broader trade-tensions with China.
02/08/19
JPMS
02/08/19
DOWNGRADE
Target $50
JPMS
Neutral
Synaptics downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Paul Coster downgraded Synaptics to Neutral and lowered his price target for the shares to $50 from $55.
01/30/19
KEYB
01/30/19
NO CHANGE
KEYB
Apple muted iPhone results consistent with lowered expectations, says KeyBanc
KeyBanc analyst John Vinh views Apple's (AAPL) muted iPhone results and guidance as consistent with his lowered expectations related to the current iPhone cycle. Despite opportunities for content gains, the analyst thinks it will be "extremely challenging" for Apple supplier stocks, such as Cirrus Logic (CRUS), Qorvo (QRVO), Skyworks (SWKS), and Synaptics (SYNA), to work in the current cycle, as he anticipates declining iPhone shipments this year. His favorite Apple supply chain name remains Broadcom (AVGO), as he is increasingly confident in the company's M&A strategy and ability to diversify its exposure away from mobile, while continuing to gain share and grow content at Apple.
KN Knowles
$15.90

0.23 (1.47%)

01/15/19
CHLM
01/15/19
NO CHANGE
Target $18
CHLM
Buy
Apple units weighing on Knowles growth, still several drivers, says Craig-Hallum
Craig-Hallum analyst Anthony Stoss lowered his price target for Knowles (KN) to $18 from $19, while reiterating a Buy rating on the stock. While Apple (AAPL) units are weighing on the company's 2019 growth, the analyst believes multi/smart mic adoption, Internet of Things and wireless earbuds with mics should still provide solid growth engines for Knowles in FY19 and beyond.
02/08/19
LSCM
02/08/19
DOWNGRADE
LSCM
Hold
Knowles downgraded to Hold from Buy at Lake Street
02/08/19
LSCM
02/08/19
DOWNGRADE
Target $17
LSCM
Hold
Knowles downgraded to Hold from Buy at Lake Street
Lake Street analyst Jaeson Schmidt downgraded Knowles to Hold with an unchanged price target of $17. While the company can be the dominant player in the market and think its share at Apple is set to remain stable in the future, increasing uncertainty on the health of the global smartphone market could create headwinds to the stock's multiple, Schmidt tells investors in a research note. He sees "limited room for meaningful multiple expansion" following Knowles' Q4 results.
01/14/19
LSCM
01/14/19
NO CHANGE
Target $17
LSCM
Buy
Knowles price target lowered to $17 from $19 at Lake Street
Lake Street analyst Jaeson Schmidt lowered his price target for Knowles to $17 but maintains a Buy rating on the shares. The analyst reduced his estimates to reflect a "more challenging backdrop" after Apple and Samsung, as well as a handful of Apple suppliers, negatively preannounced December quarters. However, the analyst still thinks Knowles remains well positioned to benefit from the "larger picture tailwinds" of multi-mic adoption, contents gains, and Internet of Things.

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HTHT

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Pluralsight

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WAFD

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