Breaking News Instant updates and real-time market news.

AWK

American Water

$107.20

0.48 (0.45%)

, CWT

California Water Service

$54.67

0.59 (1.09%)

20:49
03/26/19
03/26
20:49
03/26/19
20:49

California Water Service, American Water downgraded at Wells Fargo on valuation

Wells Fargo analyst Jonathan Reeder downgraded California Water Service (CWT) to Underperform and American Water (AWK) to Market Perform on valuation, also lowering their price targets by $1 and $2 respectively to $49 and $109. The analyst notes that although low interest rates, strong fundamentals, and the appeal of ESG - or environmental, social, and governance - investing support water utilities, the sector has become expensive on both price-to-earnings and interest rate valuation basis. Specifically, Reeded says California Water Service and American Water now both trade at about a 25% premium on price to earnings relative to the other water peers, adding that a more in-line multiple is appropriate given his forecasted growth rates for these utilities around the 6-8% peer group average.

AWK

American Water

$107.20

0.48 (0.45%)

CWT

California Water Service

$54.67

0.59 (1.09%)

  • 08

    Apr

  • 10

    Apr

AWK American Water
$107.20

0.48 (0.45%)

12/06/18
BARD
12/06/18
UPGRADE
BARD
Outperform
American Water upgraded to Outperform from Neutral at Baird
12/06/18
BARD
12/06/18
UPGRADE
Target $103
BARD
Outperform
American Water upgraded to Outperform at Baird
As reported previously, Baird analyst Ben Kallo upgraded American Water to Outperform from Neutral. The analyst believes water utilities can be a relative safe haven and could benefit from a shift to less risky investments. Although valuations are high, he believes premiums are warranted given the market volatility and compelling sector growth. Kallo raised his price target to $103 from $88 on American Water shares.
12/12/18
WELS
12/12/18
NO CHANGE
Target $104
WELS
Outperform
American Water price target raised to $104 from $97 at Wells Fargo
Wells Fargo analyst Jonathan Reeder raised his price target for American Water to $104 from $97 following the company's analyst day. Reeder notes that management utilized the analyst day to highlight the company's low risk, regulated-centric water and wastewater strategy. Specifically, American Water established 2019 EPS guidance of $3.54-$3.64 and continues to guide toward the top half of the 7%-10% EPS CAGR range through 2023, he notes. The analyst continues to be attracted to the above average growth story and has a high level of confidence in management's ability to deliver on its goals. He reiterates an Outperform rating on the shares.
03/26/19
WELS
03/26/19
DOWNGRADE
WELS
Market Perform
American Water downgraded to Market Perform from Outperform at Wells Fargo
CWT California Water Service
$54.67

0.59 (1.09%)

09/17/18
EVER
09/17/18
INITIATION
Target $42
EVER
In Line
California Water Service initiated with an In Line at Evercore ISI
Evercore ISI analyst Greg Gordon initiated California Water Service with an In Line and $42 price target saying shares shares reflect an M&A premium and have limited upside.
12/06/18
BARD
12/06/18
UPGRADE
BARD
Outperform
California Water Service upgraded to Outperform from Neutral at Baird
12/06/18
BARD
12/06/18
UPGRADE
Target $50
BARD
Outperform
California Water Service upgraded to Outperform at Baird
As reported previously, Baird analyst Ben Kallo upgraded California Water Service to Outperform from Neutral. The analyst believes water utilities can be a relative safe haven and could benefit from a shift to less risky investments. Although valuations are high, he believes premiums are warranted given the market volatility and compelling sector growth. Kallo raised his price target to $50 from $41 on California Water Service shares.
03/26/19
WELS
03/26/19
DOWNGRADE
WELS
Underperform
California Water Service downgraded to Underperform from Market Perform at Wells Fargo

TODAY'S FREE FLY STORIES

BCYC

Bicycle Therapeutics

$12.15

(0.00%)

12:44
05/23/19
05/23
12:44
05/23/19
12:44
Syndicate
Bicycle Therapeutics slides after opening at $13.37 »

Bicycle Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

BDX

Becton Dickinson

$232.04

-3.72 (-1.58%)

12:44
05/23/19
05/23
12:44
05/23/19
12:44
Hot Stocks
Becton Dickinson VP Samrat Khichi sells almost $3.8M in company stock »

Becton Dickinson VP…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SCHW

Charles Schwab

$42.50

-1.06 (-2.43%)

12:40
05/23/19
05/23
12:40
05/23/19
12:40
Options
Schwab puts active as shares shed 2.6% »

Schwab puts active as…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TTOO

T2 Biosystems

$1.91

-0.65 (-25.39%)

12:39
05/23/19
05/23
12:39
05/23/19
12:39
Recommendations
T2 Biosystems analyst commentary  »

T2 Biosystems selloff…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Jun

HPQ

HP Inc.

$19.01

-0.28 (-1.45%)

, CSCO

Cisco

$54.13

-1.56 (-2.80%)

12:37
05/23/19
05/23
12:37
05/23/19
12:37
Earnings
Fly Intel: What to watch in HP Inc.'s earnings report »

HP Inc. (HPQ) is…

HPQ

HP Inc.

$19.01

-0.28 (-1.45%)

CSCO

Cisco

$54.13

-1.56 (-2.80%)

JNPR

Juniper

$25.33

-0.54 (-2.09%)

CIEN

Ciena

$34.97

-0.29 (-0.82%)

FFIV

F5 Networks

$137.43

-2.9 (-2.07%)

NOK

Nokia

$4.98

-0.14 (-2.73%)

MSFT

Microsoft

$124.85

-2.82 (-2.21%)

AAPL

Apple

$178.43

-4.18 (-2.29%)

DELL

Dell Technologies

$65.75

-3.26 (-4.72%)

LNVGY

Lenovo

$0.00

(0.00%)

GOOG

Alphabet

$1,129.61

-20.89 (-1.82%)

GOOGL

Alphabet Class A

$1,133.98

-19.13 (-1.66%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

  • 23

    May

  • 29

    May

  • 29

    May

  • 30

    May

  • 30

    May

  • 03

    Jun

  • 03

    Jun

  • 03

    Jun

  • 06

    Jun

  • 06

    Jun

  • 08

    Jun

  • 10

    Jun

  • 11

    Jun

  • 19

    Jun

  • 19

    Jun

  • 23

    Jun

  • 24

    Jul

  • 06

    Aug

  • 14

    Aug

  • 27

    Oct

BDX

Becton Dickinson

$232.08

-3.68 (-1.56%)

12:37
05/23/19
05/23
12:37
05/23/19
12:37
Hot Stocks
Becton Dickinson VP Samrat Khichi sells almost $3.8M in company stock »

Becton Dickinson VP…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TTWO

Take-Two

$103.79

-0.49 (-0.47%)

, EA

Electronic Arts

$92.40

-1.72 (-1.83%)

12:36
05/23/19
05/23
12:36
05/23/19
12:36
Periodicals
Bill to ban video game loot boxes gains bipartisan Senate support, Polygon says »

Democratic senators…

TTWO

Take-Two

$103.79

-0.49 (-0.47%)

EA

Electronic Arts

$92.40

-1.72 (-1.83%)

ATVI

Activision Blizzard

$42.30

-0.61 (-1.42%)

TCEHY

Tencent

$0.00

(0.00%)

UBSFY

Ubisoft

$0.00

(0.00%)

NTDOY

Nintendo

$0.00

(0.00%)

MSFT

Microsoft

$124.84

-2.83 (-2.22%)

SNE

Sony

$48.42

-2.07 (-4.10%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

  • 29

    May

  • 03

    Jun

  • 03

    Jun

  • 05

    Jun

  • 08

    Jun

  • 10

    Jun

  • 10

    Jun

  • 10

    Jun

  • 10

    Jun

  • 10

    Jun

  • 11

    Jun

  • 11

    Jun

  • 11

    Jun

  • 11

    Jun

  • 12

    Jun

  • 20

    Jun

  • 23

    Jun

  • 06

    Aug

  • 13

    Nov

TSLA

Tesla

$194.73

3.34 (1.75%)

12:34
05/23/19
05/23
12:34
05/23/19
12:34
Hot Stocks
Tesla has no immediate plans to raise money, Charles Gasparino tweets »

Charles Gasparino of Fox…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    Jun

TTOO

T2 Biosystems

$1.92

-0.64 (-25.00%)

12:34
05/23/19
05/23
12:34
05/23/19
12:34
Recommendations
T2 Biosystems analyst commentary  »

T2 Biosystems shares…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Jun

XLF

Financial Select Sector

$26.60

-0.4 (-1.48%)

12:30
05/23/19
05/23
12:30
05/23/19
12:30
Options
Hedging activity in SPDR Healthcare Fund »

Hedging activity in SPDR…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MUX

McEwen Mining

$1.30

0.045 (3.60%)

12:25
05/23/19
05/23
12:25
05/23/19
12:25
Conference/Events
McEwen Mining to hold a company meeting »

Management holds a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

  • 23

    May

SSNLF

Samsung

$0.00

(0.00%)

, AAPL

Apple

$178.95

-3.66 (-2.00%)

12:24
05/23/19
05/23
12:24
05/23/19
12:24
Periodicals
Samsung, Apple reportedly in talks over OLED displays, MacRumors reports »

Samsung (SSNLF) is in…

SSNLF

Samsung

$0.00

(0.00%)

AAPL

Apple

$178.95

-3.66 (-2.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    Jun

VIPS

Vipshop

$7.44

-0.31 (-4.00%)

12:20
05/23/19
05/23
12:20
05/23/19
12:20
Upgrade
Vipshop rating change at CLSA »

Vipshop upgraded to Buy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

MCD

McDonald's

$198.36

-1.82 (-0.91%)

, QSR

Restaurant Brands

$69.14

0.43 (0.63%)

12:20
05/23/19
05/23
12:20
05/23/19
12:20
Periodicals
McDonald's not planning to add plant-based burger to menu, CNBC reports »

McDonald's (MCD)…

MCD

McDonald's

$198.36

-1.82 (-0.91%)

QSR

Restaurant Brands

$69.14

0.43 (0.63%)

BYND

Beyond Meat

$81.73

4.23 (5.46%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

  • 29

    May

  • 06

    Jun

HAL

Halliburton

$23.23

-1.29 (-5.26%)

12:20
05/23/19
05/23
12:20
05/23/19
12:20
Options
Hefty option play in Halliburton as shares shed nearly 6% »

Hefty option play in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    May

  • 13

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
05/23/19
05/23
12:17
05/23/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
05/23/19
05/23
12:16
05/23/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AGN

Allergan

$136.16

-3.38 (-2.42%)

, MU

Micron

$33.30

-1.43 (-4.12%)

12:15
05/23/19
05/23
12:15
05/23/19
12:15
Periodicals
Hedge-fund manager David Tepper may be planning to return money, WSJ says »

According to a Wall…

AGN

Allergan

$136.16

-3.38 (-2.42%)

MU

Micron

$33.30

-1.43 (-4.12%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$281.31

-4.31 (-1.51%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

  • 29

    May

  • 25

    Jun

VIPS

Vipshop

$7.41

-0.34 (-4.39%)

12:15
05/23/19
05/23
12:15
05/23/19
12:15
Upgrade
Vipshop rating change at Credit Suisse »

Vipshop upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

CTL

CenturyLink

$9.82

-0.135 (-1.36%)

12:15
05/23/19
05/23
12:15
05/23/19
12:15
Options
CenturyLink put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AAPL

Apple

$179.40

-3.21 (-1.76%)

, FB

Facebook

$182.13

-3.12 (-1.68%)

12:10
05/23/19
05/23
12:10
05/23/19
12:10
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks have been lower…

AAPL

Apple

$179.40

-3.21 (-1.76%)

FB

Facebook

$182.13

-3.12 (-1.68%)

BBY

Best Buy

$65.45

-3.81 (-5.50%)

AVP

Avon Products

$3.60

-0.475 (-11.67%)

LB

L Brands

$24.02

-0.27 (-1.11%)

CPRT

Copart

$69.42

4.43 (6.82%)

BLMN

Bloomin' Brands

$18.60

-1.6 (-7.92%)

CMG

Chipotle

$658.50

-47.55 (-6.73%)

NTAP

NetApp

$59.44

-3.14 (-5.02%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    May

  • 23

    May

  • 23

    May

  • 29

    May

  • 30

    May

  • 30

    May

  • 30

    May

  • 03

    Jun

  • 03

    Jun

  • 03

    Jun

  • 06

    Jun

  • 11

    Jun

  • 25

    Jun

  • 27

    Jun

  • 09

    Jul

  • 09

    Jul

  • 22

    Aug

FB

Facebook

$181.99

-3.26 (-1.76%)

12:09
05/23/19
05/23
12:09
05/23/19
12:09
Hot Stocks
Facebook pulled 2.2B fake accounts in Q1, believes 5% of active users are fake »

Facebook, in a new…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    May

  • 30

    May

  • 03

    Jun

SHCAY

Sharp

$0.00

(0.00%)

, KYOCF

Kyocera

$0.00

(0.00%)

12:05
05/23/19
05/23
12:05
05/23/19
12:05
Periodicals
Sharp, Kyocera considering shifting production away from China, Nikkei says »

Sharp (SHCAY) and Kyocera…

SHCAY

Sharp

$0.00

(0.00%)

KYOCF

Kyocera

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FB

Facebook

$182.17

-3.08 (-1.66%)

12:03
05/23/19
05/23
12:03
05/23/19
12:03
Hot Stocks
Breaking Hot Stocks news story on Facebook »

Facebook removed 2.2B…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    May

  • 30

    May

  • 03

    Jun

FB

Facebook

$182.11

-3.14 (-1.70%)

12:03
05/23/19
05/23
12:03
05/23/19
12:03
Hot Stocks
Facebook estimates fake accounts total 5% of global monthly active users »

In a report posted on its…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    May

  • 30

    May

  • 03

    Jun

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.