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ENR

Energizer

$45.81

-0.34 (-0.74%)

, FOXA

Fox Corp.

$39.51

-0.52 (-1.30%)

10:03
03/22/19
03/22
10:03
03/22/19
10:03

Fly Intel: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Energizer (ENR) initiated with a Neutral at JPMorgan. 2. Fox Corp. (FOXA) initiated with an Equal Weight at Barclays. 3. Western Gas Partners (WES) initiated with an Equal Weight at Barclays. 4. Linde plc (LIN) initiated with a Hold at Argus. 5. SurveyMonkey (SVMK) initiated with an Overweight, named a Best Idea at Stephens. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ENR

Energizer

$45.81

-0.34 (-0.74%)

FOXA

Fox Corp.

$39.51

-0.52 (-1.30%)

WES

Western Midstream

$32.32

-0.47 (-1.43%)

LIN

Linde plc

$171.85

-3.2 (-1.83%)

SVMK

SurveyMonkey

$15.29

0.1 (0.66%)

  • 27

    Mar

ENR Energizer
$45.81

-0.34 (-0.74%)

03/22/19
JPMS
03/22/19
INITIATION
Target $49
JPMS
Neutral
Energizer initiated with a Neutral at JPMorgan
JPMorgan analyst Andrea Teixeira started Energizer Holdings with a Neutral rating and $49 price target. The analyst believes investors can wait to see the integration of the company's two "transformational" transactions in batteries and auto care in light of the challenges of the acquired auto care business and the earnings dilution from financing both.
11/19/18
RHCO
11/19/18
NO CHANGE
Target $60
RHCO
Buy
Energizer price target lowered to $60 from $70 at SunTrust
SunTrust analyst William Chappell lowered his price target on Energizer (ENR) to $60 to reflect the near term uncertainty related to the likely block by E.U. regulators of the planned merger between its battery business with that of Spectrum Brands (SPB) as well as its purchase of the latter's auto care business. The analyst also keeps his Buy rating on Energizer longer term, stating that the company is "poised to benefit from a rational North America battery category, incremental pricing, and expanded distribution internationally", while calling the Spectrum Brands deals-related selloff as overdone given their upside potential.
01/18/19
BOFA
01/18/19
UPGRADE
Target $65
BOFA
Buy
Spectrum Brands upgraded to Buy from Neutral at BofA/Merrill
BofA Merrill Lynch analyst Olivia Tong upgraded Spectrum Brands (SPB) to Buy from Neutral and raised her price target on the shares to $65 from $50, stating that she sees the company "on steadier footing" to start 2019 after closing the divestiture of its battery and auto care businesses to Energizer (ENR) and collapsing its HRG ownership. While she said she does not expect an immediate turnaround this quarter, Tong thinks the focus can turn back to sales, EPS, and FCF delivery given the company's more focused portfolio and easier comps, she tells investors.
11/26/18
RBCM
11/26/18
NO CHANGE
Target $70
RBCM
Outperform
Energizer price target raised to $70 from $65 at RBC Capital
RBC Capital analyst Nik Modi raised his price target on Energizer (ENR) to $70 and kept his Outperform rating, saying the company has addressed the risks perceived by investors around its "large-scale cost-cutting program, growing the battery business, entry into the auto care sector and dealing with competitive pressure from AmazonBasics (AMZN)". The analyst notes that much like its performance around these threats in the past, the track record of Energizer management will help it deal with the new perceived concerns around the purchase of Spectrum Brands' (SPB) Global Auto Care Business assets. Modi adds that the integration risks are lower with these deals because the assets "align well" with Energizer's core competencies.
FOXA Fox Corp.
$39.51

-0.52 (-1.30%)

03/21/19
03/21/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Fox Corp. (FOXA) initiated with an Outperform at Credit Suisse. 2. Eagle Materials (EXP) initiated with a Neutral at JPMorgan. 3. The Medicines Co. (MDCO) initiated with a Buy at Roth Capital. 4. PolarityTE (PTE) initiated with an Outperform at Evercore ISI. 5. W.R. Grace (GRA) initiated with a Buy at Berenberg. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/22/19
LEHM
03/22/19
INITIATION
Target $40
LEHM
Equal Weight
Fox Corp. initiated with an Equal Weight at Barclays
Barclays analyst Kannan Venkateshwar started Fox Corp. with an Equal Weight rating and $40 price target. The key to multiple expansion is likely to be execution on a broadcast turnaround, Venkateshwar tells investors in a research note. The analyst views the stock as fairly priced relative to peers.
03/21/19
BUCK
03/21/19
INITIATION
Target $48
BUCK
Buy
Fox Corp. initiated with a Buy at Buckingham
Buckingham analyst Matthew Harrigan initiated Fox Corp. with a Buy and $48 price target.
03/21/19
03/21/19
INITIATION
Target $46

Outperform
Credit Suisse bullish on Fox Corp., initiates with Outperform
As previously reported, Credit Suisse analyst Douglas Mitchelson started coverage of Fox Corp. with an Outperform rating and a $46 price target. The analyst expects accretive deployment of Fox's "prodigious" free cash flow, primarily via share repurchases and TV station M&A. Despite a slow 2019 for Cable Network affiliate revenue growth, Mitchelson expects Fox will post the "fastest" revenue and EBITDA growth in Media the next few years, due to having pricing power over distributors and about 50% of its renewals the next two years, pus continued rapid Broadcast retransmission growth, the 2020 election cycle and potential cost efficiencies.
WES Western Midstream
$32.32

-0.47 (-1.43%)

02/15/19
MUFG
02/15/19
NO CHANGE
Target $55
MUFG
Neutral
MUFG raises price targets on Western Gas Partners to $55 from $50
MUFG analyst Barrett Blaschke raised his price target on Western Gas Partners (WES) to $55 with a Neutral rating and also lowered his price target on Western Gas Equity (WGP) to $42 from $45 with an Overweight rating ahead of the simplification combination of the two entities. The analyst notes that Western Gas experienced weather-related issues and operational challenges in Q4, and that without the accounting change adjustment, its EBITDA would have missed consensus. Blaschke maintains however that the simplification process under which Western Midstream Partners will be an IDR-free MLP and thus able to take advantage of the federal tax break of MLP status is the core focus for investors.
11/07/18
11/07/18
UPGRADE
Target $51

Buy
Western Gas Partners upgraded to Buy at BofA/Merrill
As previously reported, BofA/Merrill upgraded Western Gas to Buy from Neutral and raised its price target to $51 from $48 following the rejection by Colorado voters of Proposition 112. Analyst Dennis Coleman said Western Gas has an improved growth outlook and strong sponsor support, combined with a well integrated asset network.
03/22/19
LEHM
03/22/19
INITIATION
Target $34
LEHM
Equal Weight
Western Gas Partners initiated with an Equal Weight at Barclays
Barclays analyst Christopher Tillett reinstated coverage of Western Gas Partners with an Equal Weight rating and $34 price target. The analyst sees balance sheet pressure as somewhat limiting to the company's optionality in the near term.
12/21/18
STFL
12/21/18
DOWNGRADE
Target $45
STFL
Hold
Western Gas Partners downgraded to Hold from Buy at Stifel
Stifel analyst Selman Akyol downgraded Western Gas Partners (WES) to Hold and lowered his price target for the shares to $45 from $56. The analyst cites the previously announced merger between Western Gas Partners and Western Gas Equity (WGP) for the downgrade.
LIN Linde plc
$171.85

-3.2 (-1.83%)

03/22/19
ARGS
03/22/19
INITIATION
ARGS
Hold
Linde plc initiated with a Hold at Argus
Argus analyst Bill Selesky initiated Linde with a Hold rating, saying that while the company should "benefit from significant Praxair merger synergies" over the next 3 years and from increased demand for industrial gases, he also expects the "specialty chemicals industry to face challenges from slower global economic growth in 2019." With the company's 2019 sales growth projections slowing from 2018 to 5%, the analyst believes that a neutral rating is appropriate.
01/14/19
01/14/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. SMTC Corp. (SMTX) initiated with a Buy at Craig-Hallum. 2. Carvana (CVNA) initiated with an Underweight at Morgan Stanley. 3. Linde plc (LIN) initiated with an Overweight at KeyBanc. 4. Domo (DOMO) initiated with a Buy at Needham. 5. Mercantil Bank (AMTB) initiated with an Outperform at Raymond James and Keefe Bruyette, and an Equal Weight at Stephens. 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
RHCO
01/15/19
INITIATION
Target $185
RHCO
Buy
Linde plc initiated with a Buy at SunTrus
SunTrust analyst James Sheehan initiated Linde (LIN) with a Buy rating and a price target of $185 in the wake of its merger with Praxair (PX) that was closed in Q4 of last year. The analyst says he is optimistic about the combined businesses based on their "strong complementarity". Sheehan also cites the "relative stability" of industrial gas at this point of the economic cycle and the high visibility of the company's expected 16% earnings growth this year - above the average rate of increase for its peers - thanks to the "synergy capture and continued strong organic growth trends."
01/23/19
JPMS
01/23/19
NO CHANGE
JPMS
Overweight
JPMorgan sees negative implications to Linde plc from government shutdown
JPMorgan analyst Jeffrey Zekauskas believes there are negative short-term implications to Linde plc due to effects from the partial government shut-down. The new Linde is unable to fully integrate its Praxair operations with Linde AG until the domestic assets are sold to CVC/Messer, which is unlikely until the government re-opens, he contends. Zekauskas notes that Praxair continues to compete with Linde globally until that transaction closes, notwithstanding that Praxair and Linde AG have become one, and points out the companies are also unable to coordinate their commercial activities until the formal close. The analyst reiterates an Overweight rating on the stock but acknowledges that "the trading pattern in Linde shares could become sloppy over the coming days."
SVMK SurveyMonkey
$15.29

0.1 (0.66%)

03/22/19
SPHN
03/22/19
NO CHANGE
Target $20
SPHN
Overweight
Stephens names SurveyMonkey as Best Idea, replacing HubSpot
Stephens analyst James Rutherford removed HubSpot from the firm's Best Idea List following a 40% advance in the shares and replaced it with SurveyMonkey parent SVMK, citing his conviction that the company's growth acceleration and evolution into an enterprise SaaS business are still "relatively undiscovered." While SVMK shares currently trade at a 30% discount to comparable high-quality SaaS peers, Rutherford believes revenue outperformance, greater enterprise exposure and improving investor sentiment can help close that gap. He maintains an Overweight rating with a $20 price target on SVMK shares.
10/22/18
10/22/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Domino's Pizza (DPZ) initiated with a Neutral at UBS. 2. Arco Platform (ARCE) initiated with an Overweight at Morgan Stanley, an Outperform at Itau BBA, and a Buy at Goldman Sachs. 3. Arvinas (ARVN) initiated with a Neutral at Goldman Sachs and an Overweight at Piper Jaffray. 4. Ra Medical Systems (RMED) initiated with a Buy at SunTrust as well as an Overweight at Cantor Fitzgerald and Piper Jaffray. 5. SurveyMonkey (SVMK) initiated with a Buy at SunTrust and BofA/Merrill, an Overweight at JPMorgan, and a Neutral at Credit Suisse and UBS. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/22/19
SPHN
03/22/19
INITIATION
Target $20
SPHN
Overweight
SurveyMonkey initiated with an Overweight, named a Best Idea at Stephens
Stephens analyst James Rutherford initiated SurveyMonkey parent SVMK Inc. with an Overweight rating and $20 price target, citing his view that SurveyMonkey can accelerate growth to over 20% and will derive more and more of its revenues from "larger, stickier" enterprise customers. Rutherford also removed HubSpot from the firm's Best Idea List and replaced it with SVMK, as previously noted.
11/13/18
WELS
11/13/18
INITIATION
Target $13
WELS
Market Perform
SurveyMonkey initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Ivy Cong started SurveyMonkey with a Market Perform rating and $13 price target. As an established category leader from an efficient self-serve revenue model to a growth story driven by expanding enterprise sales, SurveyMonkey makes for a compelling investment case, he contends. However, the analyst believes that these factors are adequately priced into the current share price, especially considering the company's below-average revenue growth versus SaaS peers.

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ICAD

iCAD

$6.89

-0.01 (-0.14%)

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GLW

Corning

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We Company

$0.00

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General Motors

$37.21

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Hamilton Lane

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T

AT&T

$37.32

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UBER

Uber

$34.42

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NEE

NextEra Energy

$218.31

-0.19 (-0.09%)

17:36
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New Jersey Resources

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MEGEF

MEG Energy

$0.00

(0.00%)

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Conference/Events
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  • 18

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KMI

Kinder Morgan

$20.67

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17:33
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Conference/Events
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  • 18

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DOW

Dow Inc.

$48.98

0.79 (1.64%)

17:31
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