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VIAB

Use VIAC, VIACA

$27.21

1.94 (7.68%)

, TGNA

Tegna

$14.16

0.35 (2.53%)

09:55
03/25/19
03/25
09:55
03/25/19
09:55

Early notable gainers among liquid option names on March 25th

Notable gainers among liquid option names this morning include Viacom (VIAB) $26.77 +1.44, TEGNA (TGNA) $14.10 +0.34, Nordstrom (JWN) $43.78 +0.85, Macy's (M) $23.70 +0.39, and O'Reilly Automotive (ORLY) $382.15 +6.09.

VIAB

Use VIAC, VIACA

$27.21

1.94 (7.68%)

TGNA

Tegna

$14.16

0.35 (2.53%)

JWN

Nordstrom

$43.53

0.61 (1.42%)

M

Macy's

$23.70

0.37 (1.59%)

ORLY

O'Reilly Automotive

$381.18

5.14 (1.37%)

  • 25

    Apr

  • 25

    Apr

VIAB Use VIAC, VIACA
$27.21

1.94 (7.68%)

03/13/19
03/13/19
DOWNGRADE
Target $66

Neutral
Roku downgraded to Neutral after 160% rally off lows at Macquarie
As previously reported, Macquarie analyst Tim Nollen downgraded Roku to Neutral from Outperform following a 162% rise in the stock from its lows since Christmas. He sees the stock's current valuation as full given the rising competition in the ad-supported video on-demand, or AVOD, area from services such as Viacom's (VIAB) Pluto TV, Amazon's (AMZN) ad-supported channels and a potential service expected to be announced by Apple (AAPL) on March 25. Nollen raised his price target on Roku shares to $66 from $57.
01/24/19
SOCG
01/24/19
DOWNGRADE
SOCG
Hold
Viacom downgraded to Hold from Buy at Societe Generale
02/05/19
IMPC
02/05/19
NO CHANGE
IMPC
Imperial Capital raises FY19 estimates on Viacom after Q1 beat
Imperial Capital analyst Megan Barnett maintained an Outperform rating and $37 price target on Viacom shares, after Viacom beat the firm's and consensus estimates when it reported Q1 results. Barnett raised her FY19 EPS estimate for Viacom to $1.12 from $1.02 due to the company's Q1results.
02/06/19
BRRR
02/06/19
NO CHANGE
Target $35
BRRR
Outperform
Barrington expects Pluto TV to accelerate momentum in key Viacom demographics
Barrington analyst James Goss kept his Outperform rating and $35 price target on Viacom with a positive view of its Pluto TV platform as a component of its direct-to-consumer strategy. The analyst sees the services as an "important link for Viacom in accessing its young target demo" in a form factor "attractive to the user base". While not expected to make a meaningful impact on Q2, Goss adds that Pluto TV offers the "ability to distribute and monetize the cable network group's significant IP portfolio".
TGNA Tegna
$14.16

0.35 (2.53%)

11/27/18
GABE
11/27/18
INITIATION
GABE
Buy
Tegna initiated with a Buy at Gabelli
03/25/19
EVER
03/25/19
UPGRADE
EVER
Outperform
Tegna upgraded to Outperform from In Line at Evercore ISI
03/25/19
03/25/19
UPGRADE
Target $18

Outperform
Tegna upgraded to Outperform on accretive acquisitions at Evercore ISI
As previously reported, Evercore ISI upgraded Tegna (TGNA) to Outperform from In Line with a $18 price target, up from $16. Analyst David Joyce believes the market is misinterpreting the price Tegna is paying for station acquisitions in the "impressive" Nextar Media (NXST) required station sale announced last week. Tegna is paying only 6.7x EBITDA after re-transmission rate resets, other synergies, and tax benefits, making it approximately 11% accretive, the analyst wrote in a note to investors. Joyce said Tegna can immediately step-up retransmission fee rates to their levels and Tribune Media (TRCO) stations it is acquiring and will benefit from accretion and diversify to the portfolio.
12/07/18
WOLF
12/07/18
INITIATION
Target $15
WOLF
Peer Perform
Tegna initiated with a Peer Perform at Wolfe Research
Wolfe Research initiated Beasley Broadcast with a Peer Perform and $15 price target.
JWN Nordstrom
$43.53

0.61 (1.42%)

03/21/19
GDHS
03/21/19
DOWNGRADE
GDHS
Reduce
Nordstrom downgraded to Reduce from Hold at Gordon Haskett
03/21/19
GDHS
03/21/19
NO CHANGE
GDHS
Gordon Haskett shakes up retailer rankings with six upgrades, three downgrades
Gordon Haskett analysts Chuck Grom, John Park and Andrew Minora have recalibrated their ratings in broadline and hardline retail with the Q4 earnings season nearly complete, stating that holiday results were mixed with clear winners and losers and that year-to-date sales have been "extremely choppy." The firm's latest macro/consumer survey results suggest that some optimism has resurfaced and they see a scenario where there is a release of significant pent-up demand for the retail group. Within the context of a portfolio approach to the space, the analysts upgraded Target (TGT), Tractor Supply (TSCO), Dollar Tree (DLTR), BJ's Wholesale (BJ) to Buy from Accumulate, upgraded Wayfair (W) and Floor & Decor (FND) to Accumulate from Hold, and downgrade Nordstrom (JWN) and Sprouts Farmers Market (SFM) to Reduce from Hold. The analysts also downgraded Pier 1 Imports (PIR) to Underperform from Hold.
02/20/19
WEDB
02/20/19
NO CHANGE
Target $65
WEDB
Neutral
Dillard's price target lowered to $65 from $70 at Wedbush
Wedbush analyst Jen Redding lowered his price target for Dillard's (DDS) to $65 from $70 as she leans cautiously into earnings, with her data models showing revenues a touch below consensus, elevated e-commerce inventories, and lackluster consumer spending fueled by a late tax return season, likely compounding pressures for the beleaguered department store group. Though shares depreciated less than Macy's (M), Nordstrom (JWN), and Kohl's (KSS) for the period November 5 through January 31, the analyst attributes relative outperformance compared to the peer group as owing to Dillard's low profile presence on the street, and limited availability of data points versus investor expectations for an upcoming positive catalyst. Redding reiterates a Neutral rating on Dillard's shares.
02/22/19
02/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Kraft Heinz (KHC) downgraded to Equal Weight from Overweight at Barclays, to Hold from Buy at Berenberg and Stifel, and well as to Neutral from Buy at BofA/Merrill, UBS, Piper Jaffray, and JPMorgan. 2. Broadcom (AVGO) downgraded to Market Perform from Outperform at Cowen with analyst Matthew Ramsay saying he sees the shares as fairly valued at current levels. 3. Stamps.com (STMP) downgraded to Sell from Neutral at Roth Capital and to Hold from Buy at Maxim. 4. Nordstrom (JWN) downgraded to Hold from Buy at Deutsche Bank with analyst Paul Trussell saying while Nordstrom "continues to operate unique assets," he no longer anticipates an inflection in EBIT dollar growth near-term. 5. Roku (ROKU) downgraded to Neutral from Outperform at Wedbush with analyst Michael Pachter saying Roku has built an "exceptional" platform and has positioned itself as best-in-class for OTT advertising, but lowered his long-term EPS estimate on lower operating margin assumption given a greater likelihood of higher spending levels than he previously modeled. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
M Macy's
$23.70

0.37 (1.59%)

02/12/19
CLVD
02/12/19
NO CHANGE
CLVD
Macy's sales softened in January, says Cleveland Research
01/11/19
RBCM
01/11/19
NO CHANGE
Target $29
RBCM
Sector Perform
Macy's price target lowered to $29 from $36 at RBC Capital
RBC Capital analyst Brian Tunick lowered his price target on Macy's to $29 and kept his Sector Perform rating after its "disappointing holiday sales" removed optimism that followed a strong November report. The analyst warns that investors will now turn more "skeptical about sustainable sales improvements and margin expansion potential given competitive environment and elevated investments." Tunick also points to Macy's upcoming harder comps, higher expense deleverage, and rising staffing/delivery costs.
02/06/19
OTRG
02/06/19
DOWNGRADE
OTRG
Mixed
Macy's downgraded to Mixed from Positive at OTR Global
ORLY O'Reilly Automotive
$381.18

5.14 (1.37%)

03/20/19
EVER
03/20/19
INITIATION
Target $375
EVER
In Line
O'Reilly Automotive initiated with an In Line at Evercore ISI
Evercore ISI analyst Greg Melich initiated O'Reilly Automotive with an In Line rating and $375 base case price target, citing his view that a comp acceleration to over 7% is needed to sustain a P/E re-rating.
03/25/19
JPMS
03/25/19
NO CHANGE
Target $398
JPMS
Overweight
O'Reilly Automotive added to Analyst Focus List at JPMorgan
JPMorgan analyst Christopher Horvers added O'Reilly Automotive (ORLY) to his firm's Analyst Focus List following his "weather deep dive." 2019's winter has been "solid" but not as good as 2018 due to snowfall levels, Horvers tells investors in a research note. He points out that autoparts demand is "quite sensitive" to extreme weather trends. The analyst believes the 2019 winter benefits O'Reilly the most among the "big 4," which also includes Advance Auto Parts (AAP), AutoZone (AZO) and Genuine Parts (GPC). Horvers keeps an Overweight rating on O'Reilly Automotive with a $398 price target.
03/01/19
03/01/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. L Brands (LB) downgraded to Market Perform from Outperform at Bernstein with analyst Jamie Merriman saying her Outperform rating was based on a view that investors were paying for Bath & Body Works with a free option on Victoria's Secret. 2. American Airlines (AAL) and Delta Air Lines (DAL) downgraded to Hold from Buy at Deutsche Bank. 3. Devon Energy (DVN) downgraded to Sector Perform from Outperform at RBC Capital. 4. O'Reilly Automotive (ORLY) downgraded to Neutral from Overweight at Atlantic Equities with analyst Sam Hudson citing valuation and raised his price target to $400 from $370. 5. Maxar Technologies (MAXR) downgraded to Hold from Speculative Buy at TD Securities and to Underperformer from Neutral at CIBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/11/19
BOFA
03/11/19
UPGRADE
Target $1080
BOFA
Buy
BofA/Merrill upgrades AutoZone to Buy on strong fundamentals
As previously reported, BofA analyst Elizabeth Suzuki upgraded AutoZone (AZO) to Buy from Neutral and raised her price target on the stock to $1,080 from $987 as she does not think that the rally for auto parts stocks is over and she believes that AutoZone's valuation discount to the group should narrow as it grows its commercial business. Suzuki also raised her price target on O'Reilly Automotive (ORLY) shares to $415 from $390.

TODAY'S FREE FLY STORIES

EMN

Eastman Chemical

$75.68

0.67 (0.89%)

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EVRI

Everi Holdings

$11.86

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Zumiez

$30.63

0.67 (2.24%)

16:39
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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

16:38
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Crowdstrike raises FY20 EPS view to (53c)-(52c) from (65c)-(62c) »

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FNHC

Federated National

$15.37

-0.04 (-0.26%)

16:36
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Federated National announces new $10M share repurchase program »

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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

16:36
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Earnings
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  • 05

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CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

16:35
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16:35
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16:35
Earnings
Crowdstrike reports Q3 adjusted EPS (7c), consensus (11c) »

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  • 05

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EPZM

Epizyme

$15.32

-0.48 (-3.04%)

16:35
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12/05
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Upgrade
Epizyme rating change  »

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  • 07

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  • 23

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ESTA

Establishment Labs

$24.31

0.32 (1.33%)

16:35
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IDT

IDT Corp

$7.47

0.26 (3.61%)

16:34
12/05/19
12/05
16:34
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16:34
Earnings
IDT Corp reports Q1 EPS 10c vs. (2c) last year »

Reports Q1 revenue…

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  • 05

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KODK

Kodak

$2.59

0.085 (3.39%)

16:33
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Kodak's Karfunkel acquires over 4.4M common shares »

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PAC

GAP Airports

$99.66

-1.12 (-1.11%)

16:32
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GAP Airports reports November traffic up 10.1% »

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JOE

Saint Joe Co.

$19.49

0.7 (3.73%)

16:32
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St. Joe, HomeCorp to build additional 120 apartment homes in Panama City Beach »

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ALEC

Alector

$19.44

-0.17 (-0.87%)

16:32
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Alector announces FDA fast track designation granted to AL001 for dementia »

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MGLN

Magellan Health

$76.79

-0.12 (-0.16%)

16:31
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Magellan Health names James Murray as President and COO »

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SWIR

Sierra Wireless

$9.15

0.12 (1.33%)

16:31
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Sierra Wireless CFO Dave McLennan retiring in mid-2020 »

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  • 13

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ASR

Asur

$167.79

-1.88 (-1.11%)

16:30
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Asur reports total November passenger traffic up 7.3% »

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AXNX

Axonics

$25.05

0.92 (3.81%)

16:30
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COO

Cooper Companies

$313.10

1 (0.32%)

16:30
12/05/19
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Earnings
Cooper Companies sees Q1 EPS $2.65-$2.75, consensus $2.97 »

Sees Q1 revenue…

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  • 05

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16:30
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Options
Preliminary option volume of 14.7M today »

Preliminary option volume…

COO

Cooper Companies

$312.96

0.86 (0.28%)

16:28
12/05/19
12/05
16:28
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16:28
Earnings
Cooper Companies sees FY20 EPS $12.60-$13.30, consensus $13.10 »

Sees FY20 revenue…

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BOLD

Audentes Therapeutics

$59.19

-0.09 (-0.15%)

, ALPMY

Astellas Pharma

$0.00

(0.00%)

16:27
12/05/19
12/05
16:27
12/05/19
16:27
Downgrade
Audentes Therapeutics, Astellas Pharma rating change  »

Audentes Therapeutics…

BOLD

Audentes Therapeutics

$59.19

-0.09 (-0.15%)

ALPMY

Astellas Pharma

$0.00

(0.00%)

03/08/13
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  • 07

    Dec

ZUMZ

Zumiez

$30.63

0.67 (2.24%)

16:27
12/05/19
12/05
16:27
12/05/19
16:27
Earnings
Zumiez provides Q4 quarter to date sales update »

With the Thanksgiving…

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  • 05

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  • 05

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ZUMZ

Zumiez

$30.63

0.67 (2.24%)

16:26
12/05/19
12/05
16:26
12/05/19
16:26
Earnings
Zumiez sees FY19 EPS $2.38- $2.46, consensus $2.16 »

Based upon better than…

03/08/13
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  • 05

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  • 05

    Dec

COO

Cooper Companies

$312.96

0.86 (0.28%)

16:25
12/05/19
12/05
16:25
12/05/19
16:25
Earnings
Cooper Companies reports Q4 EPS $3.30, consensus $3.27 »

Reports Q4 revenue…

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