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ETSY

Etsy

$70.12

0.72 (1.04%)

, REGI

Renewable Energy

$22.72

0.74 (3.37%)

10:07
04/04/19
04/04
10:07
04/04/19
10:07

Fly Intel: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Etsy (ETSY) initiated with a Buy at Canaccord. 2. Renewable Energy (REGI) initiated with an Overweight at Piper Jaffray. 3. Smartsheet (SMAR) initiated with an Outperform at Oppenheimer. 4. Bank of America (BAC) initiated with a Hold at HSBC. 5. Synnex (SNX) initiated with an Outperform at Barrington. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

ETSY

Etsy

$70.12

0.72 (1.04%)

REGI

Renewable Energy

$22.72

0.74 (3.37%)

SMAR

Smartsheet

$40.17

-0.05 (-0.12%)

BAC

Bank of America

$29.05

0.17 (0.59%)

SNX

Synnex

$102.11

1.155 (1.14%)

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ETSY Etsy
$70.12

0.72 (1.04%)

03/28/19
OPCO
03/28/19
INITIATION
OPCO
Perform
Etsy initiated with a Perform at Oppenheimer
Oppenheimer analyst Jason Helfstein started Etsy with a Perform rating and no price target. The analyst cites valuation for the neutral rating.
03/28/19
03/28/19
INITIATION

Perform
Etsy initiated with a Perform at Oppenheimer
As previously reported, Oppenheimer analyst Jason Helfstein started Etsy with a Perform rating and no price target. The analyst says it is hard for him to justify Etsy's premium valuation at 8.1-times his expected FY20 sales relative to the peer group average multiple of 4.7-times, while the company's expected annualized revenue growth in FY18-FY20 is comparable to that of its peers' 27%. Helfstein believes that Etsy is operating a "great business", but the stock comes with an "expensive price".
03/29/19
03/29/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Etsy (ETSY) initiated with a Perform at Oppenheimer. 2. Apellis (APLS) and uniQure (QURE) initiated with an Outperform at Baird. 3. BRT Apartments (BRT) initiated with a Buy at DA Davidson. 4. Lilis Energy (LLEX) initiated with an Equal Weight at Stephens. 5. Outfront Media (OUT) initiated with an Outperform at Oppenheimer. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/04/19
ADAM
04/04/19
INITIATION
Target $85
ADAM
Buy
Etsy initiated with a Buy at Canaccord
Canaccord analyst Maria Ripps initiated Etsy (ETSY) with a Buy rating and $85 price target, telling investors in a research note that it takes a "special value proposition" for companies to prosper in an ecommerce landscape dominated by Amazon (AMZN). Ripps says she sees Etsy benefiting from a unique supplier base, a differentiated value proposition for shoppers, and a customer experience that values other elements of a transaction above fast free shipping, with added tailwinds of a large, under-penetrated market and specific operating improvements that should continue to make the business more efficient. Additionally, she contends that Etsy's new management has done an "admirable" job bringing the platform closer to best-in-class peers, though she sees room for improving operating performance leading to robust growth and stronger profitability.
REGI Renewable Energy
$22.72

0.74 (3.37%)

04/04/19
PIPR
04/04/19
INITIATION
Target $35
PIPR
Overweight
Renewable Energy initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Blake Fernandez started Renewable Energy Group with an Overweight rating and $35 price target. With consumers and investors "pushing harder than ever" for environmental conservation, and governments becoming more active in encouraging the use of green fuels through regulation, the fundamental backdrop for companies producing alternative fuel, including biodiesel, is favorable, Fernandez tells investors in a research note. Renewable Energy Group is the largest U.S. producer of biodiesel, "which places it in a prime position to capitalize on this backdrop," says the analyst. He believes the recent downward pressure on the stock could provide an attractive entry point for the name.
06/26/18
ADAM
06/26/18
NO CHANGE
Target $20
ADAM
Buy
Renewable Energy price target raised to $20 from $16 at Canaccord
Canaccord analyst Chip Moore raised his price target on Renewable Energy to $20 from $16 as he continues to find the current risk/reward compelling. He said the combination of a more favorable biodiesel backdrop, an enhanced platform, and solid management execution are supportive of a more highly valued enterprise. Moore reiterated his Buy rating on Renewable Energy shares.
10/15/18
ADAM
10/15/18
NO CHANGE
Target $31
ADAM
Buy
Renewable Energy price target raised to $31 from $21 at Canaccord
Canaccord analyst Chip Moore raised his price target on Renewable Energy to $31 from $21 as he continues to find the risk/reward compelling. He said the combination of a favorable biodiesel macro environment, an enhanced platform, and solid management execution are supportive of a more highly-valued enterprise. Moore reiterated his Buy rating on Renewable Energy shares.
10/17/18
ROTH
10/17/18
NO CHANGE
Target $35
ROTH
Buy
Renewable Energy price target raised to $35 form $25 at Roth Capital
Roth Capital analyst Craig Irwin raised his price target for Renewable Energy to $35 from $25 as he expects it to report strong Q3 operating results, and issue healthy forward guidance. The analyst reiterates a Buy rating on the shares.
SMAR Smartsheet
$40.17

-0.05 (-0.12%)

04/04/19
04/04/19
INITIATION
Target $50

Outperform
Oppenheimer bullish on Smartsheet, initiates with an Outperform
As previously reported, Oppenheimer analyst Ittai Kidron started coverage of Smartsheet with an Outperform rating and a $50 price target. The analyst believes Smartsheet will benefit from favorable secular trends, can gain share within a large and growing workflow/collaboration TAM, and will continue to successfully execute on its evolving, land-and-expand model, adding new customers/users, driving deeper penetration into existing customers, and sustaining robust net retention.
03/21/19
DADA
03/21/19
INITIATION
Target $45
DADA
Neutral
Smartsheet initiated with a Neutral at DA Davidson
DA Davidson analyst Rishi Jaluria initiated Smartsheet with a Neutral rating and a price target of $45. The analyst cites the company's position as a "leading provider of collaboration software designed for business users" and has a positive view on its "value proposition, unique business focus within collaboration software, and rapid growth". Jaluria believes that shares are fully valued at 15-times enterprise value to expected FY20 revenue however and prefers to wait for a better entry point to get more constructive on the stock.
04/03/19
OPCO
04/03/19
INITIATION
Target $50
OPCO
Outperform
Smartsheet initiated with an Outperform at Oppenheimer
Oppenheimer initiated Smartsheet with an Outperform and $50 price target.
03/21/19
DADA
03/21/19
INITIATION
DADA
Neutral
Smartsheet initiated with a Neutral at DA Davidson
BAC Bank of America
$29.05

0.17 (0.59%)

03/25/19
JEFF
03/25/19
NO CHANGE
JEFF
Jefferies downgrades Financials to Underweight on 'shocking' Fed meeting
Jefferies analyst Steven DeSanctis is "very surprised" by last week's Federal Reserve's decision taking rate hikes completely off table in 2019. The "shocking" Fed meeting means lower rates for longer, which is not good for Financials, DeSanctis tells investors in a research note. A "lack of catalysts and weaker earnings growth" going forward for the entire sector, not just banks, means an Underweight rating on the space makes sense, says the analyst. As such, he downgraded his rating on the Financial sector to Underweight from Market Weight. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
02/01/19
02/01/19
DOWNGRADE

Sell
Societe Generale downgrades Goldman Sachs, Morgan Stanley to Sell
As previously reported, Societe Generale analyst Andrew Lim downgraded Goldman Sachs (GS) and Morgan Stanley (MS), both to Sell from Hold, citing his view that the credit cycle deterioration "has already been set in motion" and that it will pay to be defensive for the rest of 2019. Goldman and Morgan are much more exposed to pressure on market-sensitive revenues as purer investment banks, Lim tells investors. He does not have any Buy ratings on big U.S. banks, but continues to favor holding positions in Bank of America (BAC) and JP Morgan (JPM), which Lim views as the most defensive large cap U.S. banks, he tells investors.
02/08/19
DAIW
02/08/19
DOWNGRADE
DAIW
Neutral
Bank of America downgraded to Market Perform from Outperform at Daiwa
04/04/19
HSBC
04/04/19
INITIATION
Target $29
HSBC
Hold
Bank of America initiated with a Hold at HSBC
HSBC analyst Alevizos Alevizakos initiated Bank of America with a Hold and $29 price target saying share valuation reflects higher RoTE improvement, which likely peaked in 2018. The analyst said declining loan growth, margin contraction, a shrinking investment banking wallet, and decelerating topline growth to result in future deceleration.
SNX Synnex
$102.11

1.155 (1.14%)

03/28/19
LOOP
03/28/19
NO CHANGE
Target $160
LOOP
Buy
Synnex posted 'another very solid quarter', says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $160 price target on Synnex after its Q1 earnings beat and "solid guidance". The analyst says the company is "experiencing solid and broad IT demand across its geographic and product portfolio". Baruah also points to the management's indication that customers are signalling their "intent to keep spending at a seasonal pace through 2019."
04/04/19
BRRR
04/04/19
INITIATION
Target $118
BRRR
Outperform
Synnex initiated with an Outperform at Barrington
Barrington analyst Vincent Colicchio started Synnex with an Outperform rating and $118 price target. The company is targeting the "large and growing" technology distribution and customer engagement services markets, Colicchio tells investors in a research note. He believes Synnex's technology distribution business offers greater selection and product knowledge than many competitors, and that Concentrix, its customer engagement services business, has a strong brand.
01/28/19
SBSH
01/28/19
UPGRADE
Target $120
SBSH
Buy
Citi upgrades Synnex to Buy, names top pick in Tech Distributors
Citi analyst Tim Yang upgraded Synnex (SNX) to Buy from Neutral and raised his firm's price target for the shares to $120 from $88 after taking over coverage of Technology Distributors from Jim Suva. Synnex continues to increase its value-add services exposure, which should support sustainable margin expansion in the next two years, Yang tells investors in a research note. He finds the stock's valuation attractive and calls the company his top pick in the space. Yang is more negative on Neutral-rated Avnet (AVT) due to headwinds in the Semi space.
01/28/19
01/28/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Zynga (ZNGA) upgraded to Overweight from Sector Weight at KeyBanc with analyst Evan Wingren saying he likes the tactical setup as margin targets for FY19 have been established, the pipeline of new games is based on high quality IP, and he has confidence in the management team in place given its track record since joining. 2. GrubHub (GRUB) and Wayfair (W) were upgraded to Outperform from Neutral at Credit Suisse. 3. Logitech (LOGI) upgraded to Buy from Neutral at Goldman Sachs with analyst Mohammed Moawalla saying the stock has underperformed the Europe Technology group by 17% in last six months despite "strong management execution and continuing secular growth avenues." 4. Sonos (SONO) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Yuuji Anderson saying he has become more confident that new products will drive growth and margin expansion. 5. Synnex (SNX) upgraded to Buy from Neutral at Citi with analyst Tim Yang saying Synnex continues to increase its value-add services exposure, which should support sustainable margin expansion in the next two years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CURO

Curo Group

$10.96

0.16 (1.48%)

04:55
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AON

Aon plc

$175.38

-0.14 (-0.08%)

, MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

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Conference/Events
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Aon plc

$175.38

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MMC

Marsh & McLennan

$93.76

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WLTW

Willis Towers Watson

$177.37

0.45 (0.25%)

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ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

21:07
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UBER

Uber

$0.00

(0.00%)

, TM

Toyota

$125.10

0.93 (0.75%)

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Toyota

$125.10

0.93 (0.75%)

DNZOY

Denso

$0.00

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SFTBF

SoftBank

$0.00

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FIX

Comfort Systems USA

$57.58

0.06 (0.10%)

20:08
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NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

19:29
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Periodicals
Nissan to cut global output by 15% in FY19/20, Nikkei reports »

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NSANY

Nissan

$0.00

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RNSDF

Renault

$0.00

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FE

FirstEnergy

$40.51

0.28 (0.70%)

19:13
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FirstEnergy CEO 'pleased' FES submitted revised disclosure statement »

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TSLA

Tesla

$273.25

2.13 (0.79%)

19:03
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19:03
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Periodicals
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EXPO

Exponent

$56.39

0.23 (0.41%)

, AKRX

Akorn

$2.77

-0.16 (-5.46%)

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EXPO

Exponent

$56.39

0.23 (0.41%)

AKRX

Akorn

$2.77

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ZSAN

Zosano Pharma

$3.41

-0.11 (-3.13%)

FAST

Fastenal

$71.08

0.95 (1.35%)

APHA

Aphria

$7.65

-0.165 (-2.11%)

ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

PBCT

People's United

$17.12

-0.21 (-1.21%)

I

Intelsat

$19.48

0.235 (1.22%)

LLY

Eli Lilly

$115.20

-1.23 (-1.06%)

PFE

Pfizer

$39.37

-0.5 (-1.25%)

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FIVE

Five Below

$141.65

1.82 (1.30%)

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LBRT

Liberty Oilfield Services

$16.60

-0.59 (-3.43%)

18:39
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VNO

Vornado

$67.02

0.77 (1.16%)

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CHKP

Check Point

$120.01

-9.56 (-7.38%)

18:26
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  • 18

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CAG

Conagra Brands

$30.53

0.405 (1.34%)

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Conagra Brands director Gregor buys 10K shares of common stock »

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UNP

Union Pacific

$176.70

7.5 (4.43%)

17:52
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Periodicals
Union Pacific halts construction of $550M facility in Texas, WSJ reports »

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SO

Southern Company

$51.95

-0.22 (-0.42%)

17:47
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TSLA

Tesla

$273.25

2.13 (0.79%)

17:46
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04/18
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Periodicals
Tesla CEO Musk, SEC ask for extension to settle tweet dispute, Reuters says »

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GLD

SPDR Gold Shares

$120.40

0.09 (0.07%)

17:44
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04/18
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Hot Stocks
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OSW

OneSpaWorld

$13.77

(0.00%)

17:37
04/18/19
04/18
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17:37
Syndicate
Breaking Syndicate news story on OneSpaWorld »

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

17:36
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Charles Schwab EVP Murtagh sells 23.2K shares of common stock »

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OSW

OneSpaWorld

$13.77

(0.00%)

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17:36
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Breaking Syndicate news story on OneSpaWorld »

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SHLD

Sears

$0.00

(0.00%)

17:32
04/18/19
04/18
17:32
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17:32
Hot Stocks
Sears delays filing 10-K form »

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