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KMI

Kinder Morgan

$20.42

0.32 (1.59%)

, PPL

PPL Corp.

$32.29

0.18 (0.56%)

07:36
03/22/19
03/22
07:36
03/22/19
07:36

Kinder Morgan downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Jeremy Tonet downgraded Kinder Morgan (KMI) to Neutral from Overweight with an unchanged price target of $21. The analyst sees a more balanced risk/reward profile and less upside potential relative to peers following the stock's 34% year-to-date total return. He prefers PPL Corp. (PPL), Williams (WMB) and Plains GP Holdings (PAGP) in the North American Energy Infrastructure C-Corps space.

KMI

Kinder Morgan

$20.42

0.32 (1.59%)

PPL

PPL Corp.

$32.29

0.18 (0.56%)

WMB

Williams

$28.92

0.55 (1.94%)

PAGP

Plains GP Holdings

$25.02

-0.265 (-1.05%)

  • 07

    May

  • 14

    May

KMI Kinder Morgan
$20.42

0.32 (1.59%)

01/02/19
GSCO
01/02/19
NO CHANGE
Target $24
GSCO
Conviction Buy
Kinder Morgan remains top pick among midstream energy stocks, says Goldman Sachs
Goldman Sachs analysts Jerren Holder and Michael Lapides have a positive view of the Midstream energy stocks moving toward positive free cash flows, with Conviction Buy-rated Kinder Morgan (KMI) as their top pick. In a broader research note, the analysts also upgraded Plains All American (PAA) and Cheniere Energy (LNG) to Buy from Neutral and Semgroup (SEMG) and Sunoco (SUN) to Neutral from Sell. The analysts note that the "simplification thesis" in the sector continues to play out, volumes are growing, and "many new takeaway pipelines are coming online", even though the midstream stocks' performance has been lagging. Holder and Lapides believe that an inflection is ahead with more major projects coming online after a period of high capital spending.
12/20/18
JEFF
12/20/18
UPGRADE
Target $19
JEFF
Buy
Kinder Morgan upgraded to Buy from Hold at Jefferies
Jefferies analyst Christopher Sighinolfi upgraded Kinder Morgan to Buy with an unchanged price target of $19. The analyst finds the Midstream & Refining attractive citing "simplified structures, reduced leverage, minimal equity need, and continued growth." U.S. Midstream and Refining equities are approaching year-end at multi-year lows with valuation multiples 15%-30% below three-year averages, Sighinolfi tells investors in a research note titled "Hey Nineteen, That's Real Opportunity." The analyst sees "supportive" 2019-2020 fundamentals and believes investors will find value in the sector. As such, he upgraded 10 names in the space.
12/18/18
MSCO
12/18/18
NO CHANGE
MSCO
Morgan Stanley upgrades Midstream sector view to Attractive
Morgan Stanley analyst Tom Abrams upgraded his view on the Midstream Energy MLPs and Diversified Natural Gas sector to Attractive, stating that he expects a year of better midstream performance given an attractive fundamental outlook for production volumes as projects move into service. He also sees the industry's "quality" as improving, with simpler structures, improved governance and better and improving balance sheets, Abrams tells investors. With all else equal, he prefers names such as Energy Transfer (ET) and Williams (WMB), which he says have less structural overhang, attractive fee-based growth and improving balance sheets. Abrams also identifies Kinder Morgan (KMI) and Plains All American (PAA) as stocks in the sector that have catalysts expected in 2019.
02/05/19
EVER
02/05/19
INITIATION
Target $23
EVER
Outperform
Kinder Morgan initiated with an Outperform at Evercore ISI
Evercore ISI analyst Durgesh Chopra initiated Kinder Morgan with an Outperform and named it a Top Pick with a $23 price saying shares trade at a discount to the group. Chopra said Kinder Morgan is expected to grow dividends 21% in 2019 and 2020 versus the coverage average of 7%, with 90% of cash flow through fixed fee contracts. Chopra also said the company has committed to $2B in buybacks and management owns 15% of outstanding shares, aligning itself with shareholders
PPL PPL Corp.
$32.29

0.18 (0.56%)

03/08/19
03/08/19
DOWNGRADE
Target $33

Sector Perform
PPL Corp. downgraded to Sector Perform at RBC Capital on valuation
As previously reported, RBC Capital analyst Shelby Tucker downgraded PPL Corp to Sector Perform while also raising his price target to $33 from $32. The analyst cites the year-to-date outperformance for the stock relative to other U.S. utilities and views its risk-reward as "more balanced". Tucker is also concerned with the impact of Brexit uncertainty on PPL Corp as well as the FX headwinds for the company if the pound does not re-rate to its pre-Brexit level from the current exchange rate.
03/08/19
RBCM
03/08/19
DOWNGRADE
RBCM
Sector Perform
PPL Corp. downgraded to Sector Perform from Outperform at RBC Capital
02/07/19
02/07/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PPL Corp. (PPL) downgraded to In Line from Outperform at Evercore ISI. 2. Essex Property Trust (ESS) downgraded to Hold from Buy at Jefferies with analyst Omotayo Okusanya saying the fundamental rent growth outlook for the company remains solid as job growth on the West Coast continues to outpace the rest of the nation. 3. Omega Healthcare (OHI) downgraded to Hold from Buy at Stifel with analyst Chad Vanacore citing valuation. 4. FormFactor (FORM) downgraded to Hold from Buy at Craig-Hallum with analyst Christian Schwab saying at current share price levels, he sees limited upside in the near-term, and notes that management has limited visibility regarding memory demand in the current environment. 5. Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Kalinowski. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/06/19
EVER
02/06/19
DOWNGRADE
Target $30.5
EVER
In Line
PPL Corp. downgraded to In Line from Outperform at Evercore ISI
Evercore ISI analyst Greg Gordon downgraded PPL Corp to In Line with a price target of $30.50.
WMB Williams
$28.92

0.55 (1.94%)

03/19/19
JEFF
03/19/19
NO CHANGE
Target $32
JEFF
Buy
Williams transactions offer several positives, says Jefferies
Jefferies analyst Christopher Sighinolfi believes Williams' transactions, where it acquired Momentum's UEO stake and dropped its 100% UEO and OVM positions into a newly formed joint venture with CPPIB, offer several positives. However, key details are still unknown and Williams' accounting may overstate leverage benefits, Sighinolfi tells investors in a research note. As such, the analyst thinks more details are needed in order to ascertain the full picture. He keeps a Buy rating on Williams with a $32 price target.
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.
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.
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.
PAGP Plains GP Holdings
$25.02

-0.265 (-1.05%)

02/05/19
EVER
02/05/19
INITIATION
Target $24
EVER
In Line
Plains GP Holdings initiated with an In Line at Evercore ISI
Evercore ISI analyst Durgesh Chopra initiated Plains GP Holding with an In Line and $24 price target.
11/28/18
MZHO
11/28/18
INITIATION
Target $30
MZHO
Buy
Plains GP Holdings initiated with a Buy at Mizuho
Mizuho analyst Gabriel Moreen initiated Plains GP Holdings with a Buy rating and a price target of $30 as part of his broader launch of coverage of select MLP/Midstream stocks. The analyst believes that the company's operational leverage and earnings from its current backlog should sustain its cash flow growth through the end of the decade with minimal external funding needs amid tapering capital expenditures and accelerated deleveraging.
01/02/19
GSCO
01/02/19
UPGRADE
Target $28
GSCO
Buy
Plains GP Holdings upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Jerren Holder upgraded Plains GP Holdings to Buy from Neutral and raised his price target to $28 from $27.
12/20/18
JEFF
12/20/18
UPGRADE
Target $26
JEFF
Buy
Plains GP Holdings upgraded to Buy from Hold at Jefferies
Jefferies analyst Christopher Sighinolfi upgraded Plains GP Holdings to Buy with an unchanged price target of $26. The analyst finds the Midstream & Refining attractive citing "simplified structures, reduced leverage, minimal equity need, and continued growth." U.S. Midstream and Refining equities are approaching year-end at multi-year lows with valuation multiples 15%-30% below three-year averages, Sighinolfi tells investors in a research note titled "Hey Nineteen, That's Real Opportunity." The analyst sees "supportive" 2019-2020 fundamentals and believes investors will find value in the sector. As such, he upgraded 10 names in the space.

TODAY'S FREE FLY STORIES

UPS

UPS

$120.71

1.61 (1.35%)

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UPS management to meet with UBS »

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DIS

Disney

$132.18

-1.14 (-0.86%)

, T

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  • 23

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BA

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  • 02

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MCF

Contango Oil & Gas

$1.71

-0.07 (-3.93%)

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GLD

SPDR Gold Shares

$142.97

1.68 (1.19%)

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VXRT

Vaxart

$0.58

-0.0307 (-5.03%)

17:37
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AAPL

Apple

$217.69

-3.22 (-1.46%)

17:34
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IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

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$39.05

-0.5 (-1.26%)

CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

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  • 23

    Sep

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    Sep

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  • 30

    Oct

NVR

NVR

$3,632.55

-30.45 (-0.83%)

, JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

17:26
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17:26
Hot Stocks
NVR to replace Jefferies Financial Group in the S&P 500 at open on September 26 »

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

SPB

Spectrum Brands

$49.66

-1.395 (-2.73%)

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  • 16

    Oct

NOC

Northrop Grumman

$368.25

-7.45 (-1.98%)

17:24
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Northrop Grumman subsidiary awarded $1.12B Missile Defense Agency contract »

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

, FNSR

Finisar

$24.31

1.25 (5.42%)

17:23
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Hot Stocks
Breaking Hot Stocks news story on PriceSmart, Finisar »

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

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  • 30

    Oct

IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

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Breaking Hot Stocks news story on II-VI, Callon Petroleum »

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IIVI

II-VI

$39.05

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CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

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  • 23

    Sep

  • 24

    Sep

  • 02

    Oct

NVR

NVR

$3,632.55

-30.45 (-0.83%)

17:20
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Breaking Hot Stocks news story on NVR »

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NHYDY

Norsk Hydro

$0.00

(0.00%)

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RESN

Resonant

$3.05

0.02 (0.66%)

17:03
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  • 01

    Oct

  • 12

    Nov

NINE

Nine Energy Services

$6.73

-0.33 (-4.67%)

17:02
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ATOM

Atomera

$3.70

0.17 (4.82%)

17:00
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Conference/Events
Atomera participates in a conference call with Loop Capital »

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MPWR

Monolithic Power

$154.21

-2 (-1.28%)

16:50
09/20/19
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16:50
Conference/Events
Monolithic Power participates in a conference call with Loop Capital »

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  • 02

    Oct

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    Oct

AAPL

Apple

$217.69

-3.22 (-1.46%)

16:45
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IDA

IDACORP

$111.26

0.93 (0.84%)

16:36
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  • 10

    Nov

MO

Altria Group

$40.80

0.69 (1.72%)

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EADSY

Airbus

$0.00

(0.00%)

, AL

Air Lease

$42.68

-0.615 (-1.42%)

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EADSY

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(0.00%)

AL

Air Lease

$42.68

-0.615 (-1.42%)

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  • 13

    Nov

16:30
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09/20
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Options
Preliminary option volume of 23.5M today »

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PSX

Phillips 66

$103.26

0.14 (0.14%)

16:28
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Phillips 66 says Beaumont oil terminal ops still shut down, Reuters says »

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  • 25

    Oct

POST

Post Holdings

$105.73

0.335 (0.32%)

16:24
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09/20
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Post files IPO for active nutrition unit BellRing Brands »

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