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PGTI

PGT Innovations

$13.66

0.24 (1.79%)

, DF

Dean Foods

$3.11

0.155 (5.25%)

06:54
03/26/19
03/26
06:54
03/26/19
06:54

PGT Innovations names Sherri Baker as CFO, succeeding Brad West

PGT Innovations (PGTI) announced the appointment of Sherri Baker as Senior Vice President and CFO, effective April 8. In this role, Baker will lead the company's finance strategy, budgeting and planning, accounting, financial reporting and investor relations functions. Baker succeeds Brad West, who is assuming the newly created position of Senior Vice President of Corporate Development and Treasurer. Prior to joining PGT Innovations, Baker served as Vice President, Commercial Finance, for Dean Foods (DF).

PGTI

PGT Innovations

$13.66

0.24 (1.79%)

DF

Dean Foods

$3.11

0.155 (5.25%)

PGTI PGT Innovations
$13.66

0.24 (1.79%)

02/28/19
02/28/19
DOWNGRADE
Target $17

Market Perform
PGT Innovations downgraded to Market Perform at Wells Fargo
As previously reported, Wells Fargo analyst Truman Patterson downgraded PGT Innovations to Market Perform from Outperform as his EBITDA estimate drops 11% to $148M, primarily due to a change in end-market conditions, and a material drop in margin assumptions. The analyst believes Core Florida R&R revenue growth will likely be negative in Q1, driving negative margin mix shift, and setting the stage for a more challenging 2019. Patterson also lowered his price target on the shares to $17 from $27.
02/28/19
RHCO
02/28/19
NO CHANGE
Target $18
RHCO
Buy
PGT Innovations price target lowered to $18 from $29 at SunTrust
SunTrust analyst Keith Hughes lowered his price target on PGT Innovations to $18 after the company guided FY19 EPS of 93c-$1.05 vs. consensus $1.29 and revenue of $775M-$800M vs. consensus $810.6M as part of its Q4 earnings results yesterday. The analyst attributes the soft outlook to "tough comps from hurricanes in Florida in 2018, weak California markets that could potentially hurt Western's markets, and high aluminum prices hurting margins". Hughes is keeping his Buy rating on PGT Innovations stock longer term given the current valuation and the strength of the Florida market, though he also warns that it could "take several quarters to establish the run rate on the tough comps".
03/11/19
KEYB
03/11/19
UPGRADE
KEYB
Overweight
PGT Innovations upgraded to Overweight from Sector Weight at KeyBanc
03/11/19
KEYB
03/11/19
UPGRADE
Target $20
KEYB
Overweight
PGT Innovations upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst Kenneth Zener upgraded PGT Innovations to Overweight from Sector Weight with a $20 price target. In a research note to investors, Zener says Hurricane Irma in September 2017 led to tough fiscal 2019 comps and lower estimates, creating a compelling entry point. Zener says PGT executed well on past margin expansion goals and broadened its footprint out West.
DF Dean Foods
$3.11

0.155 (5.25%)

11/08/18
11/08/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Square (SQ) downgraded to Neutral from Positive at Susquehanna analyst James Friedman citing valuation and the lack of a CFO at the company. 2. Landstar System (LSTR) downgraded to Neutral from Buy at Goldman Sachs and to Sector Weight from Overweight at KeyBanc. 3. Dean Foods (DF) downgraded to Hold from Buy at Jefferies with analyst Akshay Jagdale saying he believes the company's cost savings opportunity is significant enough to more than offset secular headwinds. 4. Ctrip (CTRP) downgraded to Neutral from Outperform at Credit Suisse, to Neutral from Buy at Citi, to Underperform from Outperform at CLSA, and to Hold from Buy at China Renaissance. 5. CDK Global (CDK) downgraded to Market Perform from Outperform at Wells Fargo with analyst Timothy Willi saying he believes that CDK faces a variety of headwinds during FY19 that will likely limit upside in the shares despite the discounted 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.
02/27/19
JPMS
02/27/19
NO CHANGE
JPMS
Underweight
Avoid the 'temptation' to buy Dean Foods on takeout thesis, says JPMorgan
In a post-earnings research note titled "In This Case, It's Okay to Cry over Spilt Milk," JPMorgan analyst Ken Goldman says Dean Foods announced Q4 earnings below consensus, the suspension of its dividend, the suspension of guidance, and a strategic review. The strategic review apparently could include "almost anything under the sun," with management tossing out a variety of options, including a sale, Goldman writes. The analyst recommends "avoiding the temptation" to buy Dean on the thesis it can get taken out for premium. If Dean does happen to find a buyer, which is unlikely, the stock will probably be purchased at a discount to the current price, contends Goldman. He points out that Dean is a "levered company with a fast-deteriorating business and numerous out-of-date production facilities." The analyst believes management throwing out sale as an option feels "like a shot in the dark." Goldman recommends shorting any potential strength today in the shares and keeps an Underweight rating on Dean Foods. The stock in premarket trading is down 13% to $3.97.
02/27/19
STFL
02/27/19
NO CHANGE
Target $5
STFL
Hold
Stifel sees Dean Foods falling after Q4 report despite strategic review
After Dean Foods reported a Q4 loss of (50c), pulled its financial guidance and suspended its dividend, Stifel analyst Christopher Growe said in a flash note that he expects the shares to trade down despite the announcement last night that the company is exploring all options for its business. Ahead of the company's earnings call, Growe maintained a Hold rating and $5 price target on Dean Foods shares, which are down 65c, or 14%, to $3.90 in pre-market trading.
03/08/19
JPMS
03/08/19
UPGRADE
JPMS
Neutral
Dean Foods upgraded to Neutral from Underweight at JPMorgan

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AAPL

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USEG

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MYOV

Myovant Sciences

$12.39

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MYOV

Myovant Sciences

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NVS

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AAPL

Apple

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SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

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CREG

China Recycling Energy

$0.48

0.005 (1.05%)

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