Breaking News Instant updates and real-time market news.

PGR

Progressive

$75.25

2.95 (4.08%)

, OMC

Omnicom

$80.14

3.19 (4.15%)

09:55
04/16/19
04/16
09:55
04/16/19
09:55

Early notable gainers among liquid option names on April 16th

Notable gainers among liquid option names this morning include Progressive (PGR) $76.16 +3.93, Omnicom (OMC) $81.06 +4.16, Western Digital (WDC) $53.80 +1.94, BlackRock (BLK) $462.81 +11.45, and Interpublic Group (IPG) $22.47 +0.53.

PGR

Progressive

$75.25

2.95 (4.08%)

OMC

Omnicom

$80.14

3.19 (4.15%)

WDC

Western Digital

$53.32

1.46 (2.82%)

BLK

BlackRock

$458.14

6.69 (1.48%)

IPG

Interpublic Group

$22.32

0.38 (1.73%)

  • 16

    Apr

  • 16

    Apr

  • 26

    Apr

  • 29

    Apr

  • 10

    May

  • 27

    Oct

PGR Progressive
$75.25

2.95 (4.08%)

03/07/19
FBCO
03/07/19
NO CHANGE
Target $80
FBCO
Outperform
Progressive price target raised to $80 from $73 at Credit Suisse
Credit Suisse analyst Michael Zaremski raised his price target for Progressive to $80 from $73 given his view that the company's underwriting advantage will continue to increase. The analyst reiterates an Outperform rating on the shares.
01/09/19
LEHM
01/09/19
UPGRADE
Target $73
LEHM
Overweight
Progressive upgraded to Overweight from Underweight at Barclays
Barclays analyst Jay Gelb double upgraded Progressive to Overweight from Underweight and raised his price target for the shares to $73 from $67.
01/09/19
LEHM
01/09/19
NO CHANGE
LEHM
Barclays upgrades three P&C Insurers, downgrades RenaissanceRe
Barclays analyst Jay Gelb upgraded Travelers (TRV), Arch Capital Group (ACGL) and Progressive (PGR) to Overweight while downgrading RenaissanceRe to Underweight from Equal Weight. Travelers, Arch and Progressive are among the best managed companies in the Property and Casualty Insurance sector with "sustainably robust earning power, strong balance sheets, and increasingly attractive valuations," Gelb tells investors in a research note. He believes the recent share pullbacks have provided an attractive opportunity. And although he also views RenaissanceRe as well managed company, he thinks the stock's valuation is full and that reinsurance market conditions are unlikely to tighten.
01/08/19
GSCO
01/08/19
UPGRADE
Target $179
GSCO
Buy
Willis Towers Watson upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Yaron Kinar upgraded Willis Towers Watson (WTW) to Buy and raised his price target for the shares to $179 from $163. The analyst expects the impact of the company's restructuring and efficiency initiatives "to be more pronounced in 2019." He also sees Willis Towers' EBITDA margin improvement in 2019 being above peer average. The negative spread between the company's free cash flow margins and peers' should "meaningfully compress" in 2019, Kinar tells investors in a research note. Progressive (PGR) remains the analyst's top pick into 2019 in the Property & Casualty space.
OMC Omnicom
$80.14

3.19 (4.15%)

07/23/18
ARGS
07/23/18
DOWNGRADE
ARGS
Hold
Omnicom downgraded to Hold at Argus on disappointing Q2
As reported earlier, Argus analyst Deborah Ciervo downgraded Omnicom to Hold From Buy following Q2 results that showed disappointing revenue and weak advertising trends. The analyst believes that the weakness in the retail sector is weighing on the company's North America business, even as performance has improved in Europe, U.K., and Asia. Ciervo added that she expects continued slow organic growth in the near term, even as her outlook for the longer term remains bullish "based on its leading industry position and our high regard for management, which has a history of topping Street expectations and achieving high returns on invested capital".
09/28/18
LEHM
09/28/18
DOWNGRADE
Target $75
LEHM
Underweight
Omnicom downgraded to Underweight from Equal Weight at Barclays
07/18/18
WELS
07/18/18
NO CHANGE
Target $75
WELS
Market Perform
Omnicom price target lowered to $75 from $80 at Wells Fargo
Wells Fargo analyst Peter Stabler lowered his price target for Omnicom to $75 from $80 on lowered FY19 estimates. The analyst reiterates a Market Perform rating on the shares.
07/23/18
ARGS
07/23/18
DOWNGRADE
ARGS
Hold
Omnicom downgraded to Hold from Buy at Argus
WDC Western Digital
$53.32

1.46 (2.82%)

04/15/19
04/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Neutral from Sell at BTIG with analyst Richard Greenfield saying the rating change was prompted more by the commentary from CEO Bob Iger on CNBC than by the company's investor day presentation unveiling Disney+. 2. Western Digital (WDC) upgraded to Buy from Neutral at Longbow with analyst Nikolay Todorov saying NAND fundamentals are bottoming and "there is a line of sight to cyclical recovery." 3. Dow Inc. (DOW), Huntsman (HUN), LyondellBasell (LYB), and Eastman Chemical (EMN) upgraded to Buy from Neutral at Nomura Instinet, while Olin (OLN) and Westlake Chemical (WLK) were upgraded to Neutral from Reduce. 4. Waste Management (WM) upgraded to Buy from Hold at Stifel with analyst Michael Hoffman saying even with potential divestitures to get the deal approved, adding Advanced Disposal "dramatically lowers" Waste Management's cost of capital, reduces capital spending, converts more of the fleet to CNG, and stimulates tuck-in activity that should all drive sustainable free cash flow growth. 5. Sony (SNE) upgraded to Buy from Hold at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/15/19
LBOW
04/15/19
UPGRADE
Target $65
LBOW
Buy
Longbow upgrades Western Digital with NAND recovery in 'line of sight'
Longbow Research analyst Nikolay Todorov upgraded Western Digital to Buy from Neutral with a $65 price target. The stock closed Friday up $1.00 to $51.83. NAND fundamentals are bottoming and "there is a line of sight to cyclical recovery," Todorov tells investors in a research note. The analyst believes NAND production is likely to be further rationalized with industry profitability under pressure and points out that pricing has recently shown signs of stabilization. Further, a hard drive revenue and gross margin recovery in the second half of 2019 does not appear to be fully contemplated by the Street, says Todorov. He sees an "asymmetric risk/reward" for Western Digital shares at current levels.
04/15/19
DBAB
04/15/19
UPGRADE
DBAB
Buy
Western Digital upgraded to Buy from Hold at Deutsche Bank
04/16/19
DBAB
04/16/19
UPGRADE
Target $60
DBAB
Buy
Deutsche sees favorable setup for Western Digital, upgrades shares to Buy
Deutsche Bank analyst Sidney Ho last night upgraded Western Digital to Buy from Hold and raised his price target for the shares to $60 from $45. The analyst is starting to see favorable data points in both hard disk drive and NAND that will support a "solid" second half of the year recovery for Western Digital's earnings. While the company's near-term earnings have downside risk due to weaker than expected NAND pricing, supply cuts across the NAND industry, along with a reacceleration of HDD demand, will likely lead to a stronger recovery off a lower base in the first half of 2019, Ho told investors in a research note. He expects management to highlight improved visibility on the upcoming earnings call, which he believes will be a positive catalyst for the shares. As such, Ho sees a favorable for Western Digital into the earnings print.
BLK BlackRock
$458.14

6.69 (1.48%)

01/29/19
JEFF
01/29/19
UPGRADE
JEFF
Buy
BlackRock upgraded to Buy from Hold at Jefferies
Jefferies analyst Daniel Fannon upgraded BlackRock to Buy from Hold.
01/29/19
01/29/19
UPGRADE
Target $468

Buy
BlackRock upgraded to Buy on continued industry-leading growth at Jefferies
As previously reported, Jefferies analyst Daniel Fannon upgraded BlackRock to Buy from Hold, stating that it is benefiting from both structural shifts in investor behavior as well as secular trends and he believes the company can continue to deliver industry leading organic growth and capital return. Given the reset in earnings expectations, Fannon argues that the current risk/reward "is as attractive as it has been in 4 years." He raised his price target on BlackRock shares to $468 from $427.
01/29/19
01/29/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nvidia (NVDA) upgraded to Buy from Neutral at UBS with analyst Timothy Arcuri saying the 20% fiscal Q4 revenue miss preannounced and the stock drop "finally sets the stage for a new positive revision cycle starting this summer." 2. American Express (AXP) upgraded to Overweight from Neutral at Atlantic Equities. 3. BlackRock (BLK) upgraded to Buy from Hold at Jefferies with analyst Daniel Fannon saying it is benefiting from both structural shifts in investor behavior as well as secular trends and he believes the company can continue to deliver industry leading organic growth and capital return. 4. British American Tobacco (BTI) upgraded to Overweight from Neutral at Piper Jaffray with analyst Michael Lavery saying he views the stock's valuation as attractive at current levels and feels "modestly more comfortable" with Glo's patent litigation risk in Japan. 5. 3D Systems (DDD) and Stratasys (SSYS) were upgraded to Overweight from Neutral at Piper Jaffray. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/14/19
LEHM
03/14/19
NO CHANGE
Target $490
LEHM
Overweight
BlackRock price target raised to $490 from $472 at Barclays
Barclays analyst Jeremy Campbell raised his price target for BlackRock to $490 from $472 citing recent increases in assets under management. The analyst keeps an Overweight rating on the shares.
IPG Interpublic Group
$22.32

0.38 (1.73%)

01/17/19
RBCM
01/17/19
DOWNGRADE
Target $24
RBCM
Sector Perform
Interpublic Group downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Steven Cahall downgraded Interpublic Group to Sector Perform from Outperform and lowered his price target to $24 from $28.
01/18/19
RBCM
01/18/19
DOWNGRADE
Target $24
RBCM
Sector Perform
Interpublic Group cut to Sector Perform at RBC Capital on lower organic growth
As reported earlier, RBC Capital analyst Steven Cahall downgraded Interpublic Group to Sector Perform and lowered his price target to $24 from $28. The analyst expects the company's organic growth to decelerate in 2019 after "recent account losses", stating that after a "fantastic" organic growth rate of 4.6%, Interpublic Group is now facing tougher comps. In reducing his growth outlook to 2.3% from 3.0% - below the consensus 2.5% - Cahall adds that he doesn't expect Acxiom to contribute until Q4 of this year.
01/18/19
01/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Signet Jewelers (SIG) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez saying in what was one of the strongest years from the consumer since the recession, Signet's comps and margins have been under pressure. 2. Casa Systems (CASA) downgraded to Equal Weight from Overweight at Morgan Stanley and to Hold from Buy at Stifel. 3. Sandy Spring Bancorp (SASR) downgraded to Hold from Buy at Sandler O'Neill and to Market Perform from Outperform at Keefe Bruyette. 4. Interpublic Group (IPG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Steven Cahall saying he expects the company's organic growth to decelerate in 2019 after "recent account losses," stating that after a "fantastic" organic growth rate of 4.6%, Interpublic Group is now facing tougher comps. 5. Nautilus (NLS) downgraded to Neutral from Buy at Sidoti, DA Davidson, and B. Riley FBR, as well as to Hold from Buy at Lake Street. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/07/19
PIVT
01/07/19
UPGRADE
Target $25
PIVT
Buy
Interpublic Group upgraded to Buy from Hold at Pivotal Research
Pivotal Research analyst Brian Wieser upgraded Interpublic Group to Buy and raised his price target for the shares to $25 from $22. With the recent purchase of Acxiom's AMS business, Interpublic is "significantly better-positioned to pitch increasingly important data-related services to clients," Wieser tells investors in a research note. He sees more than 15% upside in the shares.

TODAY'S FREE FLY STORIES

FB

Facebook

$182.64

-1.13 (-0.61%)

17:42
04/24/19
04/24
17:42
04/24/19
17:42
Hot Stocks
Facebook says encrypted communications to be big focus in next couple of years »

Says shift to encrypted…

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

  • 24

    Apr

  • 28

    Apr

  • 30

    May

  • 03

    Jun

CLB

Core Laboratories

$72.91

-1.605 (-2.15%)

17:42
04/24/19
04/24
17:42
04/24/19
17:42
Earnings
Core Laboratories sees Q2 EPS 47c-50c, consensus 49c »

Sees Q2 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

  • 30

    Apr

  • 01

    May

CLB

Core Laboratories

$72.91

-1.605 (-2.15%)

17:41
04/24/19
04/24
17:41
04/24/19
17:41
Earnings
Core Laboratories reports Q1 adjusted EPS 44c, consensus 43c »

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

  • 30

    Apr

  • 01

    May

MSFT

Microsoft

$125.00

-0.5 (-0.40%)

17:41
04/24/19
04/24
17:41
04/24/19
17:41
Hot Stocks
Microsoft CEO says LinkedIn saw 'record level of engagement' in Q3 »

Says LinkedIn marketing…

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

  • 24

    Apr

  • 28

    Apr

  • 03

    Jun

  • 03

    Jun

  • 08

    Jun

  • 10

    Jun

  • 23

    Jun

  • 06

    Aug

TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:40
04/24/19
04/24
17:40
04/24/19
17:40
Hot Stocks
Tesla CEO Musk says large number of vehicle deliveries shifted into Q2 »

Says: Expects 1M robo…

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

  • 24

    Apr

FB

Facebook

$182.64

-1.13 (-0.61%)

17:33
04/24/19
04/24
17:33
04/24/19
17:33
Hot Stocks
Facebook sees changes making mobile ad targeting more difficult »

Says year-over-year…

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

  • 24

    Apr

  • 28

    Apr

  • 30

    May

  • 03

    Jun

PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:32
04/24/19
04/24
17:32
04/24/19
17:32
Earnings
Breaking Earnings news story on Packaging Corp. »

Packaging Corp sees Q2…

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

  • 07

    May

  • 13

    Nov

PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:30
04/24/19
04/24
17:30
04/24/19
17:30
Hot Stocks
Breaking Hot Stocks news story on Packaging Corp. »

Packaging Corp reports Q1…

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

  • 07

    May

  • 13

    Nov

TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:30
04/24/19
04/24
17:30
04/24/19
17:30
Earnings
Tesla expects to significantly reduce loss in Q2, return to profitability in Q3 »

Tesla CEO Elon Musk said,…

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

  • 24

    Apr

FOLD

Amicus

$13.15

-0.12 (-0.90%)

17:30
04/24/19
04/24
17:30
04/24/19
17:30
Syndicate
Breaking Syndicate news story on Amicus »

Amicus files automatic…

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

$182.64

-1.13 (-0.61%)

17:29
04/24/19
04/24
17:29
04/24/19
17:29
Hot Stocks
Facebook says number of ad impressions served across all services rose 32% in Q1 »

Comments taken from Q1…

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

  • 24

    Apr

  • 28

    Apr

  • 30

    May

  • 03

    Jun

PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:29
04/24/19
04/24
17:29
04/24/19
17:29
Earnings
Packaging Corp. reports Q1 adjusted EPS $1.98, consensus $1.96 »

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

  • 07

    May

  • 13

    Nov

TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:29
04/24/19
04/24
17:29
04/24/19
17:29
Earnings
Tesla sees 2019 capital expenditures of $2.0B-$2.5B »

Tesla CEO Elon Musk said,…

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

  • 24

    Apr

MEOH

Methanex

$57.37

-1.63 (-2.76%)

17:28
04/24/19
04/24
17:28
04/24/19
17:28
Earnings
Methanex reports Q1 adjusted EPS 73c, consensus 88c »

Reports Q1 revenue $733M,…

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

TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:27
04/24/19
04/24
17:27
04/24/19
17:27
Earnings
Tesla sees energy generation, storage revenue increasing 'significantly' in 2019 »

Tesla CEO Elon Musk said,…

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

  • 24

    Apr

MKGI

Monaker Group

$2.62

(0.00%)

17:27
04/24/19
04/24
17:27
04/24/19
17:27
Syndicate
Monaker Group files to sell common stock, no amount given »

Roth Capital Partners is…

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%)

17:26
04/24/19
04/24
17:26
04/24/19
17:26
Earnings
Tesla CEO sees order rate continuing to increase throughout year »

Tesla CEO Elon Musk said,…

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

  • 24

    Apr

TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:25
04/24/19
04/24
17:25
04/24/19
17:25
Earnings
Tesla reaffirms guidance of 360K-400K vehicle deliveries in 2019 »

Tesla CEO Elon Musk said,…

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

  • 24

    Apr

IVZ

Invesco

$21.53

-0.09 (-0.42%)

17:25
04/24/19
04/24
17:25
04/24/19
17:25
Conference/Events
Washington Association of Money Managers to hold a meeting »

David Wertheim, Senior…

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

  • 24

    Apr

  • 25

    Apr

CB

Chubb

$140.51

1.94 (1.40%)

17:25
04/24/19
04/24
17:25
04/24/19
17:25
Conference/Events
Economic Club of Washington, D.C. to hold a dinner meeting »

Chairman & CEO…

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

  • 24

    Apr

  • 01

    May

FB

Facebook

$182.64

-1.13 (-0.61%)

17:23
04/24/19
04/24
17:23
04/24/19
17:23
Earnings
Facebook cuts FY19 CapEx view to $17B-$19B from $18B-$20B »

Sees FY19 effective tax…

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

  • 24

    Apr

  • 28

    Apr

  • 30

    May

  • 03

    Jun

MTOR

Meritor

$24.83

0.21 (0.85%)

17:23
04/24/19
04/24
17:23
04/24/19
17:23
Hot Stocks
Meritor awarded $17.1M electric drivetrain system contract for 38 trucks »

Merito announced it has…

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

  • 01

    May

  • 05

    Jun

TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:22
04/24/19
04/24
17:22
04/24/19
17:22
Hot Stocks
Tesla said deliveries of Model S, Model X declined to 12,100 in Q1 »

Tesla CEO Elon Musk said…

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

  • 24

    Apr

TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:20
04/24/19
04/24
17:20
04/24/19
17:20
Hot Stocks
Tesla said produced 63K Model 3 vehicles in Q1 »

Tesla CEO said "We…

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

  • 24

    Apr

WWR

Westwater Resources

$7.13

-0.12 (-1.66%)

17:20
04/24/19
04/24
17:20
04/24/19
17:20
Syndicate
Breaking Syndicate news story on Westwater Resources »

Westwater Resources files…

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.