Breaking News Instant updates and real-time market news.

CVE

Cenovus Energy

$9.78

-0.115 (-1.16%)

, COP

ConocoPhillips

$66.35

-1.01 (-1.50%)

06:31
04/16/19
04/16
06:31
04/16/19
06:31

Cenovus Energy upgraded to Neutral with $11 price target at Goldman Sachs

Goldman Sachs analyst Neil Mehta upgraded Cenovus Energy (CVE) to Neutral from Sell and raised his price target for the shares to $11 from $7.50. The analyst cites improvements to the company's leverage outlook and a more constructive commodity price environment, particularly for Canadian heavy crude, for the upgrade. However, he stills see more upside to Buy-rated ConocoPhillips (COP), Canadian Natural Resources (CNQ), Suncor (SU) and Imperial Oil (IMO) among large cap North American oils than Cenovus.

CVE

Cenovus Energy

$9.78

-0.115 (-1.16%)

COP

ConocoPhillips

$66.35

-1.01 (-1.50%)

CNQ

Canadian Natural

$29.61

-0.21 (-0.70%)

SU

Suncor

$32.98

-0.2 (-0.60%)

IMO

Imperial Oil

$29.08

(0.00%)

  • 24

    Apr

  • 26

    Apr

  • 30

    Apr

  • 09

    May

  • 14

    May

  • 22

    May

CVE Cenovus Energy
$9.78

-0.115 (-1.16%)

04/16/19
GSCO
04/16/19
UPGRADE
GSCO
Neutral
Cenovus Energy upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Neil Mehta upgraded Cenovus Energy to Neutral from Sell.
01/28/19
FBCO
01/28/19
INITIATION
Target $15
FBCO
Outperform
Cenovus Energy initiated with an Outperform at Credit Suisse
Credit Suisse analyst Manav Gupta started coverage of Cenovus Energy with an Outperform rating and a $15 target price. The analyst believes Cenovus Energy offers one of the best-levered plays to a crude price rebound, with oil making up 85% of the total volumes, and thinks the Alberta production cuts together with the OPEC production cuts will drive tighter crude fundamentals in 1H19. Crude beta rebound companies with higher leverage tend to outperform names with better balance sheets, which makes Cenovus Energy even more attractive.
01/31/19
01/31/19
NO CHANGE

CIBC shakes up energy ratings ahead of earnings, upgrades Encana, cuts Cenovus
As previously reported, CIBC analyst Jon Morrison downgraded Cenovus Energy (CVE) to Neutral from Outperformer and upgraded Encana (ECA) to Neutral from Underperformer ahead of the energy reporting season, citing the adjustments of his estimates to reflect various third-party production data and his updates to mark-to-market realized commodity prices across benchmarks.
01/31/19
CIBC
01/31/19
DOWNGRADE
CIBC
Neutral
Cenovus Energy downgraded to Neutral from Outperformer at CIBC
CIBC analyst Jon Morrison downgraded Cenovus Energy to Neutral from Outperformer.
COP ConocoPhillips
$66.35

-1.01 (-1.50%)

03/21/19
03/21/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) upgraded to Strong Buy from Buy at Needham with analyst Laura Martin stating that Apple has five types of "network effects," including the strongest type, namely hardware-based direct network effects. 2. Qorvo (QRVO) upgraded to Buy from Neutral at Goldman Sachs with analyst Toshiya Hari saying he's beginning to see early signs of smartphone unit stabilization with channel checks indicating near-term upside in China will offset "marginal weakness" at Apple. 3. Arista Networks (ANET) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Rod Hall seeing "significant upside potential" to consensus expectations driven by Arista's expansion into campus switching. 4. ConocoPhillips (COP) upgraded to Overweight from Neutral at Piper Jaffray with analyst Blake Fernandez attributing the stock's year-to-date underperformance to concern over major project spending risk, which he believes is embedded in current valuation levels. 5. Diplomat Pharmacy (DPLO) upgraded to Outperform from Market Perform at Raymond James with analyst John Ransom saying the 56% decline in shares since the February earnings delay provides a valuation that could be attractive to a strategic buyer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/21/19
PIPR
03/21/19
UPGRADE
Target $75
PIPR
Overweight
ConocoPhillips upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Blake Fernandez upgraded ConocoPhillips to Overweight from Neutral with an unchanged price target of $75. The analyst attributes the stock's year-to-date underperformance to concern over major project spending risk. However, he believes this is embedded in current valuation levels. Project sanctions could put upward pressure on capital spending in an environment when investors are demanding discipline, Fernandez tells investors in a research note. That said, his modeling "conservatively contemplates" increased spending into 2020, yet still reflects "strong" free cash generation for ConocoPhillips at $60 per barrel Brent.
03/05/19
JPMS
03/05/19
NO CHANGE
Target $25
JPMS
Overweight
Marathon Oil price target raised to $25 from $23 at JPMorgan
Since 2016, ConocoPhillips (COP) has been the best performing Major Oil stock as well as one of the best stocks in the entire energy sector on its proven capital allocation strategy and strong execution, JPMorgan analyst Arun Jayaram tells investors in a research note. He sees similar attributes at Marathon Oil (MRO). The company's organic break-even after dividend coverage of $45 per barrel "stacks up solidly" against ConocoPhillips given its low double digit oil growth profile, adds the analyst. He believes Marathon Oil have the potential to perform well on a relative basis as the market continues to value free cash flow generation and cash return over growth at conservative oil prices. Jayaram reiterates an Overweight rating on the name.
03/05/19
MSCO
03/05/19
NO CHANGE
MSCO
Morgan Stanley downgrades Energy sector to Equal Weight from Overweight
Morgan Stanley equity strategist Michael Wilson said the firm's strategy team expects further declines in earnings forecasts for the Energy sector and are moving to Equal Weight from Overweight on the sector while they remain overweight Utilities. The firm's Energy and Utilities analysts highlight Baker Hughes (BHGE), Bloom Energy (BE), BP (BP), ConocoPhillips (COP), FirstEnergy (FE), Marathon Petroleum (MPC), Suncor (SU), TechnipFMC (FTI) and Tenaris (TS) as their top picks.
CNQ Canadian Natural
$29.61

-0.21 (-0.70%)

01/28/19
FBCO
01/28/19
INITIATION
Target $48
FBCO
Outperform
Canadian Natural initiated with an Outperform at Credit Suisse
Credit Suisse analyst Manav Gupta started coverage of Canadian Natural with an Outperform rating and a $48 target price. The analyst believes Canadian Natural offers the best growth profile among Canadian upstream producers. The company is in a position to double its oil sands production at favorable economics, he contends. Gupta estimates Canadian Natural will generate $3.4B in cash in 2019 after paying a dividend, which will likely be used for buybacks and further debt reduction.
04/03/19
EVER
04/03/19
UPGRADE
EVER
Outperform
Canadian Natural upgraded to Outperform from In Line at Evercore ISI
04/03/19
EVER
04/03/19
UPGRADE
EVER
Outperform
Canadian Natural upgraded to Outperform at Evercore ISI
As previously reported, Evercore ISI upgraded Canadian Natural to Outperform from In Line and maintained a C$48. Analyst Stephen Richardson said the market still views Canadian Natural as a heavy crude name versus a more diversified and stable cash flow generator it has become. The analyst views downside as limited and views yield and cash flow opportunities as attractive.
03/11/19
MZHO
03/11/19
INITIATION
MZHO
Buy
Canadian Natural initiated with a Buy at Mizuho
Mizuho analyst David Clark started Canadian Natural Resources with a Buy rating and C$45 price target. The company is in the "sweet spot of the investment/cash flow cycle" and has an increasingly clear shareholder-friendly approach to cash flow allocation, Clark tells investors in a research note. Further, he believes Canadian Natural is positioned as a premier producer of distillaterich synthetic crude oil, a "great place to be for a diesel-skewed future."
SU Suncor
$32.98

-0.2 (-0.60%)

03/14/19
FBCO
03/14/19
UPGRADE
FBCO
Outperform
Suncor upgraded to Outperform from Neutral at Credit Suisse
04/03/19
04/03/19
DOWNGRADE

In Line
Suncor downgraded to In Line at Evercore ISI
As previously reported, Evercore ISI downgraded Suncor to In Line from Outperform and trimmed its price target to C$54 from C$58. Analyst Stephen Richardson believes benefits from integration likely peaked in 2018 and sees some negative revisions in first half 2019. Further, the analyst thinks Suncor is at a crossroads in terms of the challenges integration creates for incremental growth opportunities.
04/03/19
EVER
04/03/19
DOWNGRADE
EVER
In Line
Suncor downgraded to In Line from Outperform at Evercore ISI
03/14/19
03/14/19
UPGRADE
Target $52

Outperform
Suncor upgraded to Outperform at Credit Suisse
As previously reported, Credit Suisse analyst Manoj Gupta upgraded Suncor to Outperform from Neutral, with a $52 price target, after the company's 17% annual dividend hike came in well above estimates of 12%-15%. Besides its dividend hike, Suncor reloaded buyback by $2B, he adds.
IMO Imperial Oil
$29.08

(0.00%)

03/14/19
FBCO
03/14/19
UPGRADE
Target $39
FBCO
Neutral
Imperial Oil upgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Manoj Gupta upgraded Imperial Oil to Neutral from Underperform, with a $39 price target. Given the company's contracted pipe, rail capacity and its integrated business model, it will be less affected by Line 3 delays, he contends. The analyst believes that after Q4 earnings call, the market better understands the risk to 2019 volume guidance, which was the basis of his initial underperform rating.
01/10/19
ADAM
01/10/19
DOWNGRADE
ADAM
Hold
Imperial Oil downgraded to Hold from Buy at Canaccord
03/14/19
FBCO
03/14/19
UPGRADE
FBCO
Neutral
Imperial Oil upgraded to Neutral from Underperform at Credit Suisse
01/28/19
FBCO
01/28/19
INITIATION
Target $38
FBCO
Underperform
Imperial Oil initiated with an Underperform at Credit Suisse
Credit Suisse analyst Manav Gupta started coverage of Imperial Oil with an Underperform rating and a $38 target price. The analyst notes that Imperial Oil is focused on technical innovation, but believes its technological innovation alone cannot justify a 2.0 times premium multiple to peers.

TODAY'S FREE FLY STORIES

UTL

Unitil

$54.18

0.43 (0.80%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Earnings
Unitil reports Q1 EPS $1.78 with items, consensus $1.25 »

Reports Q1 revenue…

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

  • 25

    Apr

HMI

Huami

$11.05

-1.355 (-10.93%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Syndicate
Huami 7.93M share Secondary priced at $9.75 »

Morgan Stanley, Credit…

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

  • 25

    Apr

$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Technical Analysis
DJ Utility Average: Pivot points »

The following are the…

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

HSIC

Henry Schein

$64.15

0.92 (1.46%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Hot Stocks
Henry Schein, MindChild Medical announce distribution, supply agreement »

Henry Schein Medical, the…

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

    May

  • 22

    May

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

The following are the…

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

IYT

iShares Transportation Average

$199.53

1.71 (0.86%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Technical Analysis
iShares Transportation Average: Pivot points »

The following are the…

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

XLK

Technology Select Sector SPDR

$78.88

0.03 (0.04%)

08:19
04/25/19
04/25
08:19
04/25/19
08:19
Technical Analysis
Technology Select Sector SPDR: Pivot points »

The following are the…

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

GOOGL

Alphabet Class A

$1,260.07

-10.53 (-0.83%)

08:19
04/25/19
04/25
08:19
04/25/19
08:19
Recommendations
Alphabet Class A analyst commentary at Wedbush »

Wedbush anticipates…

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

    Apr

08:19
04/25/19
04/25
08:19
04/25/19
08:19
Conference/Events
UBS leisure analyst to hold an analyst/industry conference call »

Leisure, Gaming &…

XLE

Energy Select Sector SPDR

$67.30

-1.24 (-1.81%)

08:19
04/25/19
04/25
08:19
04/25/19
08:19
Technical Analysis
Energy Select Sector SPDR: Pivot points »

The following are the…

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

VLY

Valley National

$10.35

-0.01 (-0.10%)

08:19
04/25/19
04/25
08:19
04/25/19
08:19
Earnings
Valley National reports Q1 adj. EPS 22c, consensus 22c »

Reports Q1 book value per…

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

  • 25

    Apr

  • 02

    May

  • 08

    May

  • 13

    May

XLY

Consumer Discretionary Sector SPDR

$120.35

0.11 (0.09%)

08:19
04/25/19
04/25
08:19
04/25/19
08:19
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

The following are the…

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

ENTG

Entegris

$40.85

0.18 (0.44%)

08:19
04/25/19
04/25
08:19
04/25/19
08:19
Conference/Events
Entegris management to meet with Loop Capital »

Meeting to be held in 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

  • 25

    Apr

  • 30

    Apr

  • 02

    May

  • 28

    May

XLB

S&P Select Materials SPDR

$57.33

-0.34 (-0.59%)

08:19
04/25/19
04/25
08:19
04/25/19
08:19
Technical Analysis
S&P Select Materials SPDR: Pivot points »

The following are the…

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

TSLA

Tesla

$258.70

-5.15 (-1.95%)

08:18
04/25/19
04/25
08:18
04/25/19
08:18
Recommendations
Tesla analyst commentary at JMP Securities »

Tesla U.S. demand should…

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

XLU

Utilities SPDR

$57.78

0.34 (0.59%)

08:18
04/25/19
04/25
08:18
04/25/19
08:18
Technical Analysis
Utilities SPDR: Pivot points »

The following are the…

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

XLP

Consumer Staples Sector SPDR

$56.83

0.075 (0.13%)

08:18
04/25/19
04/25
08:18
04/25/19
08:18
Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

The following are the…

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

NOW

ServiceNow

$242.41

-1.085 (-0.45%)

08:18
04/25/19
04/25
08:18
04/25/19
08:18
Recommendations
ServiceNow analyst commentary  »

ServiceNow price target…

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

  • 05

    May

XLV

Health Care Select Sector SPDR

$87.22

-0.11 (-0.13%)

08:18
04/25/19
04/25
08:18
04/25/19
08:18
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

The following are the…

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

TPL

Texas Pacific Land Trust

$899.46

3.46 (0.39%)

08:18
04/25/19
04/25
08:18
04/25/19
08:18
Hot Stocks
Mission Advisors urges Texas Pacific Land shareholders to vote for Donald Cook »

Mission Advisors, the…

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

IWM

iShares Trust Russell 2000 Index Fund

$158.02

0.42 (0.27%)

08:17
04/25/19
04/25
08:17
04/25/19
08:17
Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

The following are the…

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

DIA

Diamonds Fund ETF

$265.90

-0.56 (-0.21%)

08:17
04/25/19
04/25
08:17
04/25/19
08:17
Technical Analysis
Diamonds Fund ETF: Pivot points »

The following are the…

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

SPY

SPDR S&P 500 ETF Trust

$292.22

-0.64 (-0.22%)

08:17
04/25/19
04/25
08:17
04/25/19
08:17
Technical Analysis
SPDR S&P 500 ETF Trust: Pivot points »

The following are the…

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

XLF

Financial Select Sector

$27.39

-0.03 (-0.11%)

08:17
04/25/19
04/25
08:17
04/25/19
08:17
Technical Analysis
Financial Select Sector: Pivot points »

The following are the…

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

LKFN

Lakeland Financial

$46.99

-0.2 (-0.42%)

08:17
04/25/19
04/25
08:17
04/25/19
08:17
Earnings
Lakeland Financial reports Q1 EPS 84c, consensus 80c »

Reports Q1 book value per…

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

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.