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CSCO

Cisco

$47.33

-0.54 (-1.13%)

, AIG

AIG

$44.05

0.25 (0.57%)

12:47
02/13/19
02/13
12:47
02/13/19
12:47

Notable companies reporting after market close

Notable companies reporting after the market close, with earnings consensus, include Cisco (CSCO), consensus 72c... AIG (AIG), consensus 42c... Williams (WMB), consensus 24c... Equinix (EQIX), consensus $1.23... Pioneer Natural Resources (PXD), consensus $1.68... NetApp (NTAP), consensus $1.15... CenturyLink (CTL), consensus 32c... MGM Resorts (MGM), consensus 11c... Marathon Oil (MRO), consensus 15c... CF Industries (CF), consensus 48c... Hyatt (H), consensus 30c... Yelp (YELP), consensus 10c.

CSCO

Cisco

$47.33

-0.54 (-1.13%)

AIG

AIG

$44.05

0.25 (0.57%)

WMB

Williams

$27.03

0.29 (1.08%)

EQIX

Equinix

$392.55

-5.06 (-1.27%)

PXD

Pioneer Natural

$144.04

2.635 (1.86%)

NTAP

NetApp

$67.78

0.65 (0.97%)

CTL

CenturyLink

$14.61

0.055 (0.38%)

MGM

MGM Resorts

$29.06

0.2 (0.69%)

MRO

Marathon Oil

$15.59

0.15 (0.97%)

CF

CF Industries

$42.99

0.08 (0.19%)

H

Hyatt

$73.50

3.2 (4.55%)

YELP

Yelp

$38.81

-0.11 (-0.28%)

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CSCO Cisco
$47.33

-0.54 (-1.13%)

02/12/19
MSCO
02/12/19
DOWNGRADE
Target $49
MSCO
Equal Weight
Cisco downgraded to Equal Weight at Morgan Stanley as security growth slows
As previously reported, Morgan Stanley analyst James Faucette downgraded Cisco Systems to Equal Weight from Overweight, noting that Cisco's multiple has meaningfully expanded over the past 1.5 years as estimates and expectations have built in a likely benefit from security-driven networking. While he thinks the company is making steady progress towards a security-defined networking business model, his latest surveys suggest the pipeline for Cisco's Security sales is flattening, which Faucette believes is partly due to slowing improvements in its security portfolio, the analyst tells investors. Additionally, his industry talks in late January and early February suggest the government shutdown is having a follow through effect, which is slowing the normal seasonal improvement of the April quarter, Faucette added. He lowered his price target for Cisco shares to $49 from $51.
02/12/19
MSCO
02/12/19
DOWNGRADE
Target $49
MSCO
Equal Weight
Cisco downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst James Faucette downgraded Cisco Systems to Equal Weight and lowered his price target for the shares to $49 from $51.
01/18/19
JPMS
01/18/19
NO CHANGE
JPMS
JPMorgan buyers of Cisco, Sensata, Arista Networks into Q4 results
JPMorgan analyst Samik Chatterjee previews the Q4 earnings reports in Networking Equipment and says his firm is a buyer of Cisco Systems (CSCO), Sensata (ST), and Arista Networks (ANET) into the prints. Relative to the rest of his coverage, the analyst sees greater headwinds on the horizon for Corning (GLW) in 2019 than is being appreciated by investors. As such, he would be cautious on Corning shares going into its Q4 earnings report.
02/12/19
02/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. BHP Billiton (BHP) downgraded to Neutral from Buy at Goldman Sachs. 2. Gilead (GILD) downgraded to Neutral from Buy at Citi and to Market Perform from Outperform at Wells Fargo. 3. Cisco (CSCO) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying Cisco's multiple has meaningfully expanded over the past 1.5 years as estimates and expectations have built in a likely benefit from security-driven networking. 4. Take-Two (TTWO) downgraded to Underperform from Market Perform at BMO Capital with analyst Gerrick Johnson saying that after a 2-year "hype machine" blast for its Red Dead Redemption 2 title and its "strong" premier, the buzz around the game has "dissipated markedly." 5. Fastenal (FAST) downgraded to Sector Weight from Overweight at KeyBanc with analyst Steve Barger saying he continues to view the company as a "best-in-class" distributor with a "sizable first-mover advantage" in OnSite and Vending, but he finds the stock's risk/reward as more balanced near his prior price target of $62. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AIG AIG
$44.05

0.25 (0.57%)

02/05/19
FBCO
02/05/19
INITIATION
Target $46
FBCO
Neutral
AIG initiated with a Neutral at Credit Suisse
Credit Suisse analyst Andrew Kligerman started coverage of AIG with a Neutral rating and $46 price target. The analyst notes that AIG targets a ROE of 8% in 2019 and double-digits within 3 years, but there are numerous headwinds. Further, he points out that AIG faces commercial challenges in General Insurance while yield pressure and reversion likely to affect L&R.
02/05/19
02/05/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AIG (AIG) initiated with a Neutral at Credit Suisse. 2. Box (BOX) initiated with a Buy at Goldman Sachs. 3. Rocket Pharmaceuticals (RCKT) initiated with an Outperform at Oppenheimer. 4. AstraZeneca (AZN) initiated with an Outperform at Exane BNP Paribas. 5. MercadoLibre (MELI) resumed with a Buy at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/15/19
COMP
01/15/19
INITIATION
Target $44
COMP
Neutral
AIG initiated with a Neutral at Compass Point
Compass Point analyst Bijan Moazami initiated AIG with a Neutral and $44 price target. Moazami said AIG is now an overcapitalized entity with significant expense disadvantages, and generates volatile earnings and carries liabilities on the balance sheet that "no-one can trust yet."
01/22/19
DBAB
01/22/19
NO CHANGE
DBAB
Buy
Deutsche Bank closes short-term idea on AIG
Deutsche Bank analyst Joshua Shanker closed his short-term "Catalyst Call" on AIG while keeping a Buy rating on the shares. The analyst still believes the company's Q4 results on February 6 represent a "positive catalyst." He thinks the results will show progress toward management's goal of delivering an underwriting profit for Q1 and fiscal 2019.
WMB Williams
$27.03

0.29 (1.08%)

01/16/19
LEHM
01/16/19
UPGRADE
Target $31
LEHM
Overweight
Williams upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Christine Cho upgraded Williams Companies to Overweight with a $31 price target. The company is now positioned to reduce leverage at an accelerated pace and internally fund incremental growth projects and/or return capital to shareholders in a more meaningful way, Cho tells investors in a research note.
01/28/19
JEFF
01/28/19
DOWNGRADE
JEFF
Hold
DCP Midstream downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Sighinolfi downgraded DCP Midstream (DCP) to Hold, from Buy, citing valuation following early year-to-date gains. While he is still bullish on U.S. Midstream, he favors defensive names with contracted 2019-20 cash flow growth supported by pending asset in-services, such as Williams (WMB), Equitrans Midstream (ETRN) and Enterprise Products (EPD), Sighinolfi tells investors.
01/16/19
01/16/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. MetLife (MET) upgraded to Buy from Neutral at BofA/Merrill with analyst Jay Cohen saying quality concerns are diminishing as management addresses past issues and believes the business mix has notably changed for the positive following the Brighthouse spin. 2. ING Group (ING) upgraded to Buy from Hold at Societe Generale. 3. Williams (WMB) upgraded to Overweight from Equal Weight at Barclays analyst Christine Cho saying the company is now positioned to reduce leverage at an accelerated pace and internally fund incremental growth projects and/or return capital to shareholders in a more meaningful way. 4. Accenture (ACN) upgraded to Buy from Neutral at Citi with analyst Ashwin Shirvaikar saying against a backdrop of rising political and policy risks, a more defensive Information Technology Services stance is appropriate. 5. Nutanix (NTNX) and Teradata (TDC) were upgraded to Overweight from Equal Weight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/05/19
EVER
02/05/19
INITIATION
Target $31
EVER
Outperform
Williams initiated with an Outperform at Evercore ISI
Evercore ISI analyst Durgesh Chopra initiated Williams with an Outperform and $31 price target.
EQIX Equinix
$392.55

-5.06 (-1.27%)

01/14/19
GSCO
01/14/19
DOWNGRADE
Target $110
GSCO
Neutral
Crown Castle downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Brett Feldman downgraded Crown Castle (CCI) to Neutral and lowered his price target for the shares to $110 from $116. The analyst believes tower stocks are appropriately priced given his expectations for growth in 2019. "Near-peak growth expectations" are priced in at current share levels, Feldman tells investors in a research note. The analyst also laid his top picks in Americas Telecom Services. His favorite defensive stock is Verizon (VZ), his favorite value stock is Altice USA (ATUS), his most catalyst driven idea is Zayo Group (ZAYO) and his top data center operator is Equinix (EQIX).
12/10/18
JEFF
12/10/18
DOWNGRADE
Target $102
JEFF
Hold
CoreSite Realty downgraded to Hold from Buy at Jefferies
Jefferies analyst Jonathan Petersen downgraded CoreSite Realty (COR) to Hold and lowered his price target for the shares to $102 from $107. A lack of sellable capacity reduces the company's growth outlook for 2019 and 2020, Petersen tells investors in a research note. The analyst sees better near-term growth in Digital Realty (DLR) and Equinix (EQIX), two stocks he upgraded this morning to Buy.
01/08/19
BREN
01/08/19
INITIATION
Target $477
BREN
Buy
Equinix initiated with a Buy at Berenberg
Berenberg analyst Nate Crosett initiated Equinix with a Buy and $477 price target.
01/02/19
BOFA
01/02/19
NO CHANGE
BOFA
Top 10 US Ideas for Q1 2019 at BofA/Merrill
BofA/Merrill's Alpha Generation Research team introduced its latest Top 10 US Ideas for Q1 2019. The list consists of 9 Buys that are Cigna (CI), Disney (DIS), Equinix (EQIX), Honeywell (HON), Lockheed Martin (LMT), Marvell (MRVL), Procter & Gamble (PG), AT&T (T), and Tapestry (TPR) and 1 Underperform rating which is Campbell Soup (CPB).
PXD Pioneer Natural
$144.04

2.635 (1.86%)

01/31/19
MUFG
01/31/19
NO CHANGE
Target $227
MUFG
Overweight
Pioneer Natural price target raised to $227 from $223 at MUFG
MUFG analyst Michael McAllister raised his price target on Pioneer Natural to $227 and kept his Overweight rating ahead of its Q4 results, saying the company's pre-announcement also contained the disclosure of having monetized another part of their hedge book. The analyst adds that the stock should no longer suffer from the overhang from capped upside exposure, since the management has "appropriate amount of financial strength to face the volatility of commodity price".
01/09/19
01/09/19
UPGRADE
Target $151

Overweight
Morgan Stanley says Concho Resources trading at discount, upgrades to Overweight
As previously reported, Morgan Stanley analyst Drew Venker upgraded Concho Resources (CXO) to Overweight from Equal Weight as he notes that the stock is trading at a discount versus its typical premium to its closest peers like Diamondback Energy (FANG) and Pioneer Natural (PXD). In a lower oil price environment, Concho should outperform given its defensive attributes, while in a higher price environment the company is well positioned to return incremental free cash flow, Venker tells investors. However, he lowered his price target on Concho shares to $151 from $163.
12/20/18
KEYB
12/20/18
INITIATION
Target $170
KEYB
Overweight
Pioneer Natural initiated with an Overweight at KeyBanc
KeyBanc analyst Leo Mariani started Pioneer Natural Resources with an Overweight rating and $170 price target. The analyst likes the company's "best-in-class" balance sheet, transition to a pure-play Permian exploration and production, and its plan to return more capital to shareholders.
12/12/18
WILL
12/12/18
DOWNGRADE
WILL
Buy
Pioneer Natural downgraded Buy at Williams Capital
NTAP NetApp
$67.78

0.65 (0.97%)

02/11/19
PIPR
02/11/19
NO CHANGE
PIPR
Piper storage survey positive for Pure Storage, Nutanix, NetApp
Piper Jaffray conducted its fiscal Q4 Storage Reseller Survey by collecting feedback from 28 resellers and distributors. While only five of 14 vendors had net positive results versus six of the 14 last quarter, the firm saw "strong results" for Pure Storage (PSTG), Rubrik, Nutanix (NTNX), Veeam and NetApp (NTAP), analyst Andrew Nowinski told investors earlier in a research note. Pure Storage also had the strongest pipeline heading into the April quarter, added the analyst. The company's results sharply improved in the survey, with 67% of resellers citing "Above Plan" results, the highest level seen in three years, says Nowinski. The stock in early trading is up 19c to $18.47. Of those surveyed by Piper, 36% of resellers said they saw a negative impact from the U.S. government shutdown, with Dell (DELL), HP/3PAR (HPQ) and IBM (IMB) the most impacted.
02/08/19
OTRG
02/08/19
DOWNGRADE
OTRG
Mixed
NetApp downgraded to Mixed from Positive at OTR Global
01/16/19
01/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Citi (C) downgraded to Hold from Buy at Standpoint Research. 2. Snap (SNAP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Mahaney citing the company's recent "mixed" pre-announcement and, more importantly, its latest disclosure of a "surprise" exit by its CFO Tim Stone who was on the job for less than a year. 3. Nordstrom (JWN) downgraded to Neutral from Conviction Buy at Goldman Sachs, to Neutral from Overweight at Atlantic Equities, and to Market Perform from Outperform at Telsey Advisory. 4. AB InBev (BUD) downgraded to Underperform from Hold at Jefferies with analyst Edward Mundy saying market share pressures, some of which have only recently become visible, will likely persist, and could lead to disappointment against high expectations of an emerging-led recovery. 5. HP Enterprise (HPE) downgraded to Equal Weight from Overweight at Morgan Stanley, while NetApp (NTAP) was downgraded to Underweight from Equal Weight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/16/19
01/16/19
NO CHANGE

Morgan Stanley downgrades IT Hardware industry view, shakes up ratings
Morgan Stanley analyst Kathryn Huberty downgraded her IT Hardware industry view to In-Line from Attractive, noting that hardware spending plans downticked more than any other technology category and across U.S. and European CIOs in the firm's recent checks. Slowing growth, which she attributes to waning cyclical benefits, makes it more difficult to own hardware-heavy data center stocks in the near-term, Huberty tells investors. As previously reported, Huberty downgraded HP Enterprise (HPE) to Equal Weight from Overweight and lowered her price target to $15 from $21, telling investors she thinks it's prudent to take a more cautious near-term stance given that 57% of its revenue comes from Servers and Storage. Huberty also downgraded NetApp (NTAP) to Underweight from Equal Weight and lowered her price target to $58 from $72, citing her view that revenue growth is likely to slow materially on more difficult compares in the coming quarters. Stating that she has a preference for hardware stocks with a higher software mix, Huberty upgraded Nutanix (NTNX) to Overweight and raised her price target to $58 from $57. Nutanix is gaining momentum as a hybrid cloud operating system provider as it adds cloud services, she tells investors. Huberty also upgraded Teradata (TDC) to Overweight from Equal Weight and raised her price target to $55 from $42. Teradata's relevance to large enterprise IT spending is on the rise with Data Warehousing and analytics rising to a top three priority in 2019, she stated.
CTL CenturyLink
$14.61

0.055 (0.38%)

02/05/19
SBSH
02/05/19
DOWNGRADE
SBSH
Sell
CenturyLink downgraded to Sell from Neutral at Citi
Citi analyst Michael Rollins downgraded CenturyLink to Sell.
02/05/19
SBSH
02/05/19
DOWNGRADE
Target $11
SBSH
Sell
Citi sees 50% dividend cut for CenturyLink in 2020, downgrades to Sell
Citi analyst Michael Rollins downgraded CenturyLink to Sell from Neutral and cut his price target for the shares to $11 from $19. The analyst expects headwinds on revenue and cash flow, a possible dividend cut, and the likelihood for capex upgrades to lead to further multiple contraction. CenturyLink will face a "growing tug of war" on cash flow beginning in 2019, which will result in a dividend payout level "well above its previously articulated comfort zone," Rollins tells investors in a research note. The analyst forecasts a 50% dividend cut in 2020 for CenturyLink. Further, he believes a sum-of-parts approach "is not compelling" given that the heritage CenturyLink operations are experiencing mid-single digit revenue declines and Level 3 hasn't grown revenue over the last two years.
01/29/19
JPMS
01/29/19
NO CHANGE
Target $38
JPMS
Overweight
CenturyLink deal for Zayo Group could be difficult, says JPMorgan
JPMorgan analyst Philip Cusick says within the potential reported bidders for Zayo Group (ZAYO), he remains "somewhat skeptical" of a strategic transaction by a customer. He sees many of the customers as either not really needing to own the asset or not wanting to own parts of the assets. However, a deal with CenturyLink (CTL) could make strategic sense, says Cusick, who models $280M of annual synergies in his base case. The analyst, though, feels CenturyLink acquiring Zayo could be difficult given CenturyLink's "stretched balance sheet and very expensive cost of equity." Regardless of a potential deal, Cusick continues to recommend Zayo shares with an Overweight rating and $38 target, mostly based on fundamental improvements from here with the potential for a "faster return through M&A."
02/05/19
02/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Rent-A-Center (RCII) downgraded to Neutral from Buy at Janney Montgomery Scott with analyst John Rowan citing the stock's 50% rise from its intra-day low of $11.98 on December 18, 2018. 2. Equifax (EFX) downgraded to Hold from Buy at Deutsche Bank with analyst Ashish Sabadra saying the shares have rallied significantly off the bottom and outperformed the market year-to-date due to expectations for improving mortgage originations and overall consumer lending. 3. Kraft Heinz (KHC) downgraded to Hold from Buy at Deutsche Bank with analyst Rob Dickerson saying his analysis shows store brands continue to increase distribution points and take share in the majority of Kraft Heinz's largest categories. 4. CenturyLink (CTL) downgraded to Sell from Neutral at Citi with analyst Michael Rollins saying he expects headwinds on revenue and cash flow, a possible dividend cut, and the likelihood for capex upgrades to lead to further multiple contraction. 5. Cronos Group (CRON) downgraded to Hold from Buy at GMP Securities with analyst Martin Landry citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MGM MGM Resorts
$29.06

0.2 (0.69%)

01/18/19
MSCO
01/18/19
NO CHANGE
MSCO
Overweight
Morgan Stanley prefers Las Vegas to Macau in gaming entering 2019
Morgan Stanley analyst Thomas Allen said he is confident that the Las Vegas outlook is better than perceived after Q4 appears to have shown a meaningful rebound, noting also that his convention tracker supports strong 2019 demand growth and that flight capacity to the market is growing. Meanwhile, as a firm, Morgan Stanley has cut its Macau market gaming revenue outlook and industry view, Allen noted. Combining his Las Vegas outlook and bullish stance on regional U.S. gaming, Allen called MGM Resorts (MGM) and Caesars (CZR) his preferred large cap gaming stocks entering 2019, stating that he believes expectations for both are beatable. He reiterates Overweight ratings on both, as well as on Las Vegas Sands (LVS), and keeps an Equal Weight rating on Wynn Resorts (WYNN).
01/03/19
DBAB
01/03/19
NO CHANGE
Target $33
DBAB
Hold
MGM plan to reduce costs positive for shares, says Deutsche Bank
Deutsche Bank analyst Carlo Santarelli says MGM Resorts this morning announced an "enhanced" margin strategy with a plan to reduce costs and improve efficiencies. He views the "MGM 2020" plan as positive for the shares. The analyst has a Hold rating on MGM with a $33 price target.
12/05/18
UBSW
12/05/18
NO CHANGE
UBSW
UBS now sees Macau gross gaming revenue declining in 2019
UBS analyst Robin Farley lowered her 2019 Macau gross gaming revenue forecast to down 1% from up 5% previously. Her 2020 GGR estimate is now up 4% from a prior estimate of up 8%. Despite better than expected revenue in November, likely due to hold fluctuations, the lower estimates are driven by weaker VIP and premium demand amid heightened risk to the macroeconomic outlook in China, Farley tells investors in a research note partially titled "More Visitors Spending Less." She raised her price target for Neutral-rated Wynn Resorts (WYNN) to $113 from $108 while lowering her targets for Neutral-rated MGM Resorts (MGM) to $30 from $32 and Neutral-rated Melco Resorts & Entertainment (MLCO) to $19.50 from $21.60. The analyst also keeps a Neutral rating on Las Vegas Sands (LVS).
01/08/19
JPMS
01/08/19
NO CHANGE
Target $38
JPMS
Overweight
MGM Resorts added to Analyst Focus List at JPMorgan
JPMorgan analyst Joseph Greff added MGM Resorts to his firm's Analyst Focus List saying he sees an increasingly favorable setup for 2019. The analyst raised his price target for the shares to $38 from $35 and keeps an Overweight rating on the name. He sees a combination of relatively low expectations in Las Vegas, improving operations/efficiencies and an attractive valuation.
MRO Marathon Oil
$15.59

0.15 (0.97%)

12/21/18
SBSH
12/21/18
UPGRADE
SBSH
Buy
Marathon Oil upgraded to Buy from Neutral at Citi
Citi analyst Robert Morris upgraded Marathon Oil to Buy from Neutral.
01/09/19
SOCO
01/09/19
DOWNGRADE
SOCO
Equalweight
Marathon Oil downgraded to Equalweight from Overweight at Capital One
12/17/18
RHCO
12/17/18
INITIATION
Target $25
RHCO
Buy
Marathon Oil initiated with a Buy at SunTrust
SunTrust analyst Neal Dingmann started Marathon Oil with a Buy rating and $25 price target, citing the company's "notable" year over year operational improvements and its favorable pricing. He also cites Marathon's buyback and dividend plans.
12/10/18
EVER
12/10/18
DOWNGRADE
EVER
In Line
Marathon Oil downgraded to In Line from Outperform at Evercore ISI
CF CF Industries
$42.99

0.08 (0.19%)

01/14/19
BERN
01/14/19
DOWNGRADE
BERN
Market Perform
CF Industries downgraded to Market Perform from Outperform at Bernstein
01/14/19
01/14/19
DOWNGRADE

Market Perform
CF Industries downgraded to Market Perform at Bernstein on nitrogen volatility
As previously reported, Bernstein analyst Jonas Oxgaard downgraded CF Industries to Market Perform from Outperform as he believes nitrogen prices will be flat in 2019, leaving it fairly valued. The analyst is conscious that ammonia prices, urea prices, and CF earnings are highly sensitive to Chinese coal price and changes in the price-setting mechanism, however, and he expects continued volatility in nitrogen and, consequently, CF share price.
12/19/18
SPHN
12/19/18
UPGRADE
Target $60
SPHN
Overweight
Stephens upgrades CF Industries to Overweight, sees improved risk/reward
Stephens analyst Mark Connelly upgraded CF Industries to Overweight from Equal Weight and raised his price target for the shares to $60 from $55. The analyst expects "solid" nitrogen demand to keep CF volumes high, even if the cost curve is flatter. The stock at current levels is reflecting a flatter curve than is likely, which brings an improved risk/reward profile, Connelly tells investors in a research note. Further, he estimates CF's leverage will drop to a "comfortable" 2.4 times by year end. The company's free cash potential over the next two years can average greater than $5 per share, contends the analyst.
12/19/18
SPHN
12/19/18
UPGRADE
SPHN
Overweight
CF Industries upgraded to Overweight from Equal Weight at Stephens
H Hyatt
$73.50

3.2 (4.55%)

01/07/19
01/07/19
DOWNGRADE
Target $75

Neutral
Hyatt downgraded to Neutral from Buy at BofA/Merrill
As previously reported, BofA/Merrill downgraded Hyatt to Neutral from Buy and cut its price target to $75 from $83. Analyst Shaun Kelley is "lukewarm" on Hyatt's recent Two Roads acquisition saying there could be further contract risk if Hyatt doesn't execute carefully. Further, the departure of CFO Pat Grismer also shuts the door of a strong outsider advocate for the transition to a capital light business, the analyst wrote i a note to investors.
01/07/19
BOFA
01/07/19
DOWNGRADE
BOFA
Neutral
Hyatt downgraded to Neutral from Buy at BofA/Merrill
01/08/19
01/08/19
DOWNGRADE

Market Perform
Hyatt downgraded to Market Perform on more cautious macro view at Raymond James
As previously reported, Raymond James downgraded Hyatt to Market Perform from Outperform. Analyst William Crow said he is taking a more defensive stance towards the broader markets and expectations for a slowing US and global economic backdrop. The analyst said Hyatt's transition has come in "fits and starts," and expects asset sales to slow significantly in 2019.
01/08/19
RAJA
01/08/19
DOWNGRADE
RAJA
Market Perform
Hyatt downgraded to Market Perform from Outperform at Raymond James
YELP Yelp
$38.81

-0.11 (-0.28%)

02/04/19
GSCO
02/04/19
INITIATION
Target $42
GSCO
Buy
Yelp initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Michael Ng started Yelp with Buy rating and $42 price target. Yelp's transition to non-term advertising contracts should increase trial activity and drive growth in paid advertising accounts, Ng tells investors in a research note. He also believes the company should more effectively gain market share from other forms of direct advertising, particularly as U.S. advertising spending on directories is "nearly depleted." Further, new product features, such as a Request a Quote in home services and Nowait & Reservations in restaurants, should help Yelp accelerate revenue growth in those verticals, says the analyst.
02/04/19
02/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Yelp (YELP) initiated with a Buy at Goldman Sachs while Groupon (GRPN) was initiated with a Neutral, and Match Group (MTCH) and Shutterfly (SFLY) were initiated with a Sell. 2. eHealth (EHTH) initiated with an Outperform at Evercore ISI. 3. Okta (OKTA) initiated with an Equal Weight at Morgan Stanley. 4. Lonestar Resources (LONE) initiated with an Outperform at Cowen. 5. Kopin (KOPN) initiated with a Buy at Ladenburg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
MSCO
01/10/19
DOWNGRADE
Target $29
MSCO
Underweight
Morgan Stanley sees revenue headwinds for Yelp, downgrades to Underweight
As previously reported, Morgan Stanley analyst Brian Nowak downgraded Yelp (YELP) to Underweight from Equal Weight as he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. First, Nowak sees the increased flexibility of Yelp's new non-term agreements leading to lower spend per customer. Second, he sees pricing compression risk given that his ad pricing analysis shows Yelp's average cost per click is still over four times higher than Google (GOOGL) and Facebook (FB). Third, he expects Yelp's declining user base to further hold back spend per customer. Nowak cut his price target on Yelp shares to $29 from $31, noting that his revised FY19 and FY20 EBITDA estimates are now 2% and 6%, respectively, below consensus.
01/10/19
01/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lockheed Martin (LMT) downgraded to Equal Weight from Overweight at Morgan Stanley. 2. JetBlue (JBLU) downgraded to Neutral from Overweight at JPMorgan with analyst Jamie Baker lowering his price target for the shares to $18 from $20. 3. Weatherford (WFT) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Boyd saying the stock represents a "call-option on the oil cycle," but sees that option "suffering from time decay" and an adverse macro environment. 4. Yelp (YELP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak saying he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. 5. Dollar Tree (DLTR) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying he now views shares as fully valued and sees the case for upside as less attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CASA

Casa Systems

$11.96

-0.02 (-0.17%)

16:38
02/21/19
02/21
16:38
02/21/19
16:38
Earnings
Casa Systems sees FY19 EPS 30c-40c, consensus 73c »

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REGN

Regeneron

$418.66

-3.9 (-0.92%)

16:38
02/21/19
02/21
16:38
02/21/19
16:38
Downgrade
Regeneron rating change  »

Regeneron downgraded to…

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    Apr

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    May

MBIN

Merchants Bancorp

$21.92

-0.08 (-0.36%)

16:38
02/21/19
02/21
16:38
02/21/19
16:38
Hot Stocks
Merchants Bancorp raises quarterly dividend 17% to 7c per share »

The dividend is payable…

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HF

HFF Inc.

$42.40

-0.26 (-0.61%)

16:38
02/21/19
02/21
16:38
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Earnings
HFF Inc. reports Q4 EPS $1.11, consensus $1.04 »

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    Feb

HASI

Hannon Armstrong

$23.67

0.16 (0.68%)

16:37
02/21/19
02/21
16:37
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16:37
Hot Stocks
Hannon Armstrong announces changes on leadership team »

Hannon Armstrong…

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    Feb

SEM

Select Medical

$15.49

-0.11 (-0.71%)

16:37
02/21/19
02/21
16:37
02/21/19
16:37
Earnings
Select Medical backs FY19 EPS view 97c-$1.13, consensus $1.10 »

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  • 22

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BOOM

DMC Global

$35.37

0.04 (0.11%)

16:37
02/21/19
02/21
16:37
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16:37
Earnings
Breaking Earnings news story on DMC Global »

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BIDU

Baidu

$171.72

0.64 (0.37%)

16:36
02/21/19
02/21
16:36
02/21/19
16:36
Hot Stocks
Baidu reports Baidu App DAUs reach 161M in December, up 24% y/y »

Baidu App daily active…

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  • 21

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CPB

Campbell Soup

$35.44

0.26 (0.74%)

16:36
02/21/19
02/21
16:36
02/21/19
16:36
Hot Stocks
Campell Soup to sell Campbell Fresh Plant to JGC affiliate »

Campbell Soup announced…

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  • 27

    Feb

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MGM

MGM Resorts

$28.34

-0.48 (-1.67%)

16:36
02/21/19
02/21
16:36
02/21/19
16:36
Hot Stocks
MGM reaffirms previously announced 2020 free cash flow targets »

MGM Resorts reaffirmed…

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  • 27

    Feb

CASA

Casa Systems

$11.96

-0.02 (-0.17%)

16:36
02/21/19
02/21
16:36
02/21/19
16:36
Earnings
Casa Systems reports Q4 EPS 20c, consensus 14c »

Reports Q4 revenue…

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  • 21

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BOOM

DMC Global

$35.37

0.04 (0.11%)

16:36
02/21/19
02/21
16:36
02/21/19
16:36
Earnings
DMC Global reports Q4 EPS 46c, consensus 36c »

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  • 21

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    Mar

WRB

W. R. Berkley

$82.37

-0.16 (-0.19%)

16:36
02/21/19
02/21
16:36
02/21/19
16:36
Hot Stocks
W. R. Berkley announces 3-for-2 stock split »

W. R. Berkley announced…

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16:35
02/21/19
02/21
16:35
02/21/19
16:35
General news
Fed Balance Sheet Level data reported »

Week of 2/20 Fed Balance…

16:35
02/21/19
02/21
16:35
02/21/19
16:35
General news
Money Supply M2 Weekly Change data reported »

Week of 2/11 Money Supply…

16:35
02/21/19
02/21
16:35
02/21/19
16:35
General news
Quarterly Services Report (Advance) Information Revenue data reported »

Quarterly Services Report…

16:35
02/21/19
02/21
16:35
02/21/19
16:35
General news
Quarterly Services Report (Advance) Information Revenue data reported »

Quarterly Services Report…

MGM

MGM Resorts

$28.34

-0.48 (-1.67%)

16:35
02/21/19
02/21
16:35
02/21/19
16:35
Hot Stocks
MGM announces resignation of CFO Dan D'Arrigo, appoints Corey Sanders to role »

MGM Resorts announced…

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  • 27

    Feb

SUNS

Solar Senior Capital

$16.81

0.05 (0.30%)

16:35
02/21/19
02/21
16:35
02/21/19
16:35
Earnings
Solar Senior Capital reports Q4 NII 35c, consensus 35c »

At December 31, 2018, net…

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  • 22

    Feb

OPNT

Opiant Pharmaceuticals

$14.65

-0.25 (-1.68%)

16:35
02/21/19
02/21
16:35
02/21/19
16:35
Hot Stocks
Breaking Hot Stocks news story on Opiant Pharmaceuticals »

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HASI

Hannon Armstrong

$23.67

0.16 (0.68%)

16:34
02/21/19
02/21
16:34
02/21/19
16:34
Hot Stocks
Hannon Armstrong confirms 2018-2020 guidance »

The Company is confirming…

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  • 21

    Feb

BIDU

Baidu

$171.72

0.64 (0.37%)

16:34
02/21/19
02/21
16:34
02/21/19
16:34
Hot Stocks
Baidu CEO says 'we are excited to enter the new year on strong footing' »

"We are excited to…

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  • 21

    Feb

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TGH

Textainer

$13.05

-0.06 (-0.46%)

16:34
02/21/19
02/21
16:34
02/21/19
16:34
Earnings
Textainer reports Q4 EPS 21c, consensus 35c »

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  • 21

    Feb

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SEM

Select Medical

$15.49

-0.11 (-0.71%)

16:34
02/21/19
02/21
16:34
02/21/19
16:34
Earnings
Select Medical reports Q4 adj. EPS 20c, consensus 21c »

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  • 22

    Feb

HASI

Hannon Armstrong

$23.67

0.16 (0.68%)

16:34
02/21/19
02/21
16:34
02/21/19
16:34
Earnings
Hannon Armstrong reports Q4 core EPS 37c, consensus 31c »

Reports Q4 revenue…

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  • 21

    Feb

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