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WHR

Whirlpool

$139.39

(0.00%)

, MAT

Mattel

$11.78

(0.00%)

09:40
04/23/19
04/23
09:40
04/23/19
09:40

Unusually active option classes on open April 23rd

Unusual total active option classes on open include: Whirlpool (WHR), Mattel (MAT), Kohl's (KSS), Lockheed Martin (LMT), Harley Davidson (HOG), Twitter (TWTR), Procter & Gamble (PG), Target (TGT), Halliburton (HAL), and Coca Cola (KO).

WHR

Whirlpool

$139.39

(0.00%)

MAT

Mattel

$11.78

(0.00%)

KSS

Kohl's

$67.43

(0.00%)

LMT

Lockheed Martin

$315.24

(0.00%)

HOG

Harley-Davidson

$39.71

(0.00%)

TWTR

Twitter

$34.39

(0.00%)

PG

Procter & Gamble

$106.04

(0.00%)

TGT

Target

$82.00

(0.00%)

HAL

Halliburton

$31.09

(0.00%)

KO

Coca-Cola

$47.38

(0.00%)

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WHR Whirlpool
$139.39

(0.00%)

01/30/19
RBCM
01/30/19
DOWNGRADE
Target $111
RBCM
Underperform
Whirlpool downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital analyst Mike Dahl downgraded Whirlpool to Underperform with an unchanged price target of $111 after the stock rallied 10% in spite of the disappointing Q4 earnings and a soft FY19 guidance. The analyst believes that the rally was driven by the perception of the guidance being conservative, since it did not assume the impact of buybacks and also modeled "healthy level of cost inflation assumptions including tariffs". While he sees these areas as "supportive", Dahl believes the that uncertainty in industry market share and pricing dynamics for the company warrant caution.
04/12/19
CLVD
04/12/19
NO CHANGE
CLVD
Neutral
Whirlpool estimates lowered on 'soft' Q1 shipments at Cleveland Research
Cleveland Research lowered its estimates for Whirlpool after its channel work indicated "soft" industry shipments through Q1. Feedback on Whirlpool suggests the company's unit performance may be similar to the market in Q1, which is likely to be down 5%-7%, Cleveland said earlier in a research note. The firm believes sell-through in the appliance category remained weak through most of March. It also continues to see concern around incremental promotions for the appliance category through 2019. Cleveland reduced its 2019 earnings per share estimate for Whirlpool to $14.45 from $14.60 and keeps a Neutral rating on the stock.
01/30/19
01/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Allergan (AGN) downgraded to Sector Perform from Outperform at RBC Capital and to Equal Weight from Overweight at Morgan Stanley. 2. Whirlpool (WHR) downgraded to Underperform from Sector Perform at RBC Capital and to Market Perform from Outperform at Raymond James. 3. Olin (OLN) and Westlake Chemical (WLK) were downgraded to Reduce from Neutral at Nomura Instinet. 4. Coherent (COHR) downgraded to Hold from Buy at Needham with analyst James Ricchiuti citing the compnay's in-line Q1 results and "much weaker" than expected Q2 guidance along with withdrawn outlook FY19. 5. Carnival (CCL) downgraded to Hold from Buy at Standpoint Research. 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
BUCK
04/15/19
NO CHANGE
Target $135
BUCK
Neutral
AHAM 6 appliance shipments drop 6% in March, says Buckingham
The Association of Home Appliance Manufacturers reported March appliance shipments were down 6% while total appliances were down 4%, Buckingham analyst Megan McGrath tells investors in a research note titled "AHAM Data for March Continues To Reflect Tariff." The overall unit decline was generally in line with the analyst's expectations, but she notes that weakness in the month extended beyond the Laundry category, which she calls "somewhat surprising." McGrath maintained her 4% North America revenue growth estimate for Whirlpool's Q1, as she continues to expect the company to outperform industry data and benefit from higher pricing. The analyst keeps a Neutral rating on Whirlpool with a $135 price target.
MAT Mattel
$11.78

(0.00%)

12/24/18
BMOC
12/24/18
NO CHANGE
Target $20
BMOC
Spin Master licensing deal with Warner negative for Mattel, says BMO Capital
BMO Capital analyst Gerrick Johnson says the Friday report of a DC superheroes licensing deal between Toys R Us Spin Master and Warner is a negative for Mattel. While the report has not been confirmed, the analyst believes that the business will be lost after 2019. Longer term, the analyst keeps his Outperform rating and $20 price target on Mattel and believes that its management "can facilitate needed changes in culture, product development, digital content, and partner relationships to drive sales and earnings growth."
02/08/19
MKMP
02/08/19
NO CHANGE
Target $15
MKMP
Neutral
Mattel price target raised to $15 from $12 at MKM Partners
MKM Partners analyst Eric Handler raised his price target on Mattel to $15 after its Q4 results surprised to the upside. The analyst also keeps his Neutral rating, noting that while the cost cuts have contributed to the earnings beat, the "revenue turnaround is still a work in progress".
10/26/18
JEFF
10/26/18
NO CHANGE
Target $13
JEFF
Hold
Jefferies says Mattel valuation 'still stretched,' cuts target to $13
At first glance, Mattel's earnings report "was in range," but unpacking the results uncovered a "more challenging set of facts" with sales down 10%, Jefferies analyst Stephanie Wissink tells investors in a post-earnings research note. She lowered her estimates for Mattel and dropped her price target for the shares to $13 from $14. The multiple at current share levels is " still stretched," says Wissink.
02/26/19
BMOC
02/26/19
NO CHANGE
Target $20
BMOC
Outperform
Mattel price target lowered to $20 from $23 at BMO Capital
BMO Capital analyst Gerrick Johnson lowered his price target on Mattel to $20 after attending the company's Toy Fair analyst event. The analyst states that while he is "encouraged" by its efforts to reposition business toward profitable growth, the turnaround involving "SKU rationalization,process improvement, cost reduction, and infrastructure investments" could take longer than he anticipated. Longer term, Johnson keeps his Outperform rating on Mattel and believes that the stock still has "value that will continue to be unlocked" amid the management's transformation efforts.
KSS Kohl's
$67.43

(0.00%)

03/06/19
ATLE
03/06/19
UPGRADE
ATLE
Neutral
Kohl's upgraded to Neutral from Underweight at Atlantic Equities
02/20/19
WEDB
02/20/19
NO CHANGE
Target $65
WEDB
Neutral
Dillard's price target lowered to $65 from $70 at Wedbush
Wedbush analyst Jen Redding lowered his price target for Dillard's (DDS) to $65 from $70 as she leans cautiously into earnings, with her data models showing revenues a touch below consensus, elevated e-commerce inventories, and lackluster consumer spending fueled by a late tax return season, likely compounding pressures for the beleaguered department store group. Though shares depreciated less than Macy's (M), Nordstrom (JWN), and Kohl's (KSS) for the period November 5 through January 31, the analyst attributes relative outperformance compared to the peer group as owing to Dillard's low profile presence on the street, and limited availability of data points versus investor expectations for an upcoming positive catalyst. Redding reiterates a Neutral rating on Dillard's shares.
03/06/19
COWN
03/06/19
NO CHANGE
Target $82
COWN
Outperform
Kohl's remains top department store pick, says Cowen
Cowen analyst Oliver Chen said he was encouraged by Kohl's' (KSS) numerous initiatives and tests to drive continued comp momentum in 2019. He likes the strategy to lean further into active lifestyle, especially its partnering with Planet Fitness (PLNT) to build gyms next to Kohl's stores. Chen reiterated his Outperform rating and $82 price target and said Kohl's remains his top department store pick.
03/06/19
03/06/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Kohl's (KSS) upgraded to Neutral from Underweight at Atlantic Equities. 2. Volaris (VLRS) double upgraded to Buy from Sell at Goldman Sachs. 3. Mylan (MYL) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger saying he believes the stock "can finally outperform" for the remainder of 2019 following a substantial reset that has the shares trading near the bottom end of their historical range of the past five years and at a historical discount to peers. 4. PNC Financial (PNC) upgraded to Outperform from Neutral at Macquarie with analyst David Konrad citing recent multiple compression, high BlackRock estimates and potential regulatory change for capital deductions. 5. Ambarella (AMBA) upgraded to Buy from Hold at Craig-Hallum with analyst Richard Shannon saying he sees sales inflection coming in the second half, and as multiple indicators suggest growth in auto and security, supported by computer vision-enabled products. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LMT Lockheed Martin
$315.24

(0.00%)

01/10/19
SUSQ
01/10/19
INITIATION
Target $321
SUSQ
Positive
Lockheed Martin initiated with a Positive at Susquehanna
Susquehanna analyst Charles Minervino initiated Lockheed Martin with a Positive rating as he believes it should be a prime beneficiary of strong global defense spending. He expects its earnings growth will drive free cash flow generation in the coming years, providing opportunities for additional dividend increases, debt reduction, share repurchases and potential acquisitions. Minervino has a $321 price target on Lockheed Martin shares.
01/10/19
01/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Constellation Brands (STZ) upgraded to Buy from Neutral at Goldman Sachs and to Neutral from Sell at Guggenheim. 2. Boeing (BA) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. Lockheed Martin (LMT) upgraded to Buy from Hold at Vertical Group. 4. United Continental (UAL) upgraded to Overweight from Neutral at JPMorgan while Alaska Air (ALK) was upgraded to Neutral from Underweight. 5. Twitter (TWTR) double upgraded to Buy from Underperform at BofA/Merrill with analyst Justin Post citing a survey he conducted which showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
01/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lockheed Martin (LMT) downgraded to Equal Weight from Overweight at Morgan Stanley. 2. JetBlue (JBLU) downgraded to Neutral from Overweight at JPMorgan with analyst Jamie Baker lowering his price target for the shares to $18 from $20. 3. Weatherford (WFT) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Boyd saying the stock represents a "call-option on the oil cycle," but sees that option "suffering from time decay" and an adverse macro environment. 4. Yelp (YELP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak saying he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. 5. Dollar Tree (DLTR) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying he now views shares as fully valued and sees the case for upside as less attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/19
01/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ship Finance (SFL) initiated with a Neutral at B. Riley FBR. 2. Wipro (WIT) initiated with a Hold at Deutsche Bank. 3. Boeing (BA), Lockheed Martin (LMT), and Raytheon (RTN) were initiated with a Positive at Susquehanna while Northrop Grumman (NOC) and General Dynamics (GD) were initiated with a Neutral. 4. Dollar General (DG) initiated with an Outperform at BMO Capital while Dollar Tree (DLTR) was initiated with a Market Perform. 5. Verint (VRNT) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
HOG Harley-Davidson
$39.71

(0.00%)

04/03/19
LBOW
04/03/19
NO CHANGE
LBOW
Neutral
Polaris Industries estimates cut after dealer checks at Longbow
Longbow analyst David MacGregor lowered his first half of 2019 estimates for Polaris Industries (PII) after his dealer checks showed that off-road vehicle sales faced multiple headwinds in Q1, including weather, price increases, and increasing financing rates. Also, dealers said there was an "underwhelming response" to Polaris' Spring Sales Event, according to MacGregor, who keeps a Neutral rating on the stock. MacGregor added that he expects Harley-Davidson (HOG) again lost share in Q1 to Polaris' Indian motorcycle line.
04/22/19
UBSW
04/22/19
NO CHANGE
Target $39
UBSW
Neutral
Harley-Davidson March retail sales seen down, says UBS
UBS analyst Robin Farley keeps her Neutral rating and $39 price target on Harley-Davidson saying its sales in March were likely down single digits, which brings the sales for Q1 to "down mid-single digits", even though the industry has "fared better". The analyst warns that the company's FY19 shipment guidance is at risk, anticipating a decline of 6% vs. the company's outlook of down 3%-5%.
04/08/19
WELS
04/08/19
DOWNGRADE
WELS
Market Perform
Harley-Davidson downgraded to Market Perform from Outperform at Wells Fargo
04/08/19
WELS
04/08/19
DOWNGRADE
Target $41
WELS
Market Perform
Harley-Davidson risk/reward less attractive at current levels, says Wells Fargo
Wells Fargo analyst Timothy Conder downgraded Harley-Davidson to Market Perform from Outperform but raised his price target to $41 from $40, saying he believes risk/reward is now less attractive at current levels amid continued heavyweight motorcycle market weakness, tariff uncertainty and a "long" path to stabilization. Large heavyweight motorcycles, regardless of brand, remain challenged with ongoing new/used pricing and supply dynamics and a structural shift towards mid-size and smaller units, Conder says, adding that he believes Harley-Davidson's plans for mid-sized and small bikes, growing ridership and bringing in younger demographics to the brand and international expansion, collectively should provide a meaningful growth opportunity over time.
TWTR Twitter
$34.39

(0.00%)

04/23/19
BARD
04/23/19
NO CHANGE
Target $33
BARD
Neutral
Twitter Q2 guidance looks conservative 'once again,' says Baird
In a "first glance" note following Twitter's earnings release, Baird analyst Colin Sebastian attributed the pre-market strength in the shares to a "solid" Q1 beat as well as the stock's underperformance since the company's Q4 report. Sebastian said he is encouraged by early signs of improvement from the company's focus on platform health and he believes that the company's Q2 revenue guidance "once again appears conservative." He maintains a Neutral rating and $33 price target on Twitter shares.
04/22/19
JEFF
04/22/19
NO CHANGE
JEFF
Jefferies still prefers Facebook in social, calls Twitter 'reasonably valued'
Social stocks have outperformed year-to-date, up ~55% versus the Nasdaq's rally of 20%, with Snap (SNAP) being the top performer up 120% after lagging the group in 2018, Jefferies analyst Brent Thill tells investors in a research note. The analyst continues to prefer share of Facebook (FB) in social with a Buy rating and $200 price target. He sees upside in average revenue per user and operating expenditure growth. Meanwhile, Thill is "incrementally positive" on Snap's "encouraging momentum," but says the company is "not out of the woods yet." If Snap can deliver on daily active user growth in Q1 it should be a catalyst for shares, however with the stock trading at nine-times 2019, these improvements are largely priced in, Thill tells investors in a pre-earnings research note. And while the analyst remains "fundamental fans" of Twitter, he views the stock as "reasonably valued." Further, Twitter faces tough comps for international in the first half of 2019 and for the U.S. in the second half of the year, Thill points out.
04/22/19
CLVD
04/22/19
NO CHANGE
CLVD
Neutral
Twitter ad spending remains 'encouraging,' says Cleveland Research
Cleveland Research analyst Chandler Converse says his firm's research suggests that advertising spending on Twitter remains "encouraging." The analyst sees "strong" ad engagements and like-for-like growth after budgets, according to his firm's work, finished in-line with consensus expectations and at the high-end of Twitter's Q1 guidance. He continues to expect above-consensus advertising revenue for Twitter in 2019 on "strong execution with partners." Converse has a Neutral rating on the shares.
04/22/19
BARD
04/22/19
NO CHANGE
Target $33
BARD
Neutral
Twitter to meet or beat Q1 revenue estimates, says Baird
Baird analyst Colin Sebastian expects Twitter tomorrow morning to meet or beat Q1 revenue expectations "given what appeared to be conservative guidance." Further, digital marketing trends in the quarter were stable, Sebastian tells investors in a pre-earnings research note. The analyst thinks Twitter will report Q1 revenue in line or above the high end of management's guidance range, driven by "healthy" monthly daily active user trends of up 9% year-over-year. Sebastian keeps a Neutral rating on the shares with a $33 price target.
PG Procter & Gamble
$106.04

(0.00%)

04/08/19
WELS
04/08/19
UPGRADE
WELS
Outperform
Procter & Gamble upgraded to Outperform from Market Perform at Wells Fargo
03/07/19
03/07/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Five Below (FIVE) initiated with an Outperform at Oppenheimer. 2. Teva (TEVA) reinstated with a Buy at UBS. 3. Chiasma (CHMA) initiated with an Overweight at Cantor Fitzgerald. 4. Monster Beverage (MNST) and Constellation Brands (STZ) were initiated with an Outperform at Credit Suisse, while Procter & Gamble (PG), Coca-Cola (KO), and Church & Dwight (CHD) were initiated with a Neutral, and PepsiCo (PEP), Colgate-Palmolive (CL), and Clorox (CLX) initiated with an Underperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/08/19
04/08/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wynn Resorts (WYNN) upgraded to Buy from Hold at Jefferies with analyst David Katz citing better than expected gross gaming revenue results from Macau for March and signs that suggest to him that it is reasonable to expect economic improvement throughout 2019 in China. 2. e.l.f. Beauty (ELF) upgraded to Neutral from Underweight at JPMorgan. 3. Procter & Gamble (PG) upgraded to Outperform from Market Perform at Wells Fargo with analyst Bonnie Herzog telling investors that while she is "late to the game," she still sees upside and believes P&G has changed and management, led by CEO David Taylor, has infused a sense of urgency and accountability into the organization. 4. AMC Entertainment (AMC) upgraded to Buy from Neutral at B. Riley FBR with analyst Eric Wold saying he has an "increasingly optimistic" view of the EBITDA contribution from Stubs A-List. 5. Zillow (Z, ZG) upgraded to Outperform from Market Perform at Cowen with analyst Thomas Champion saying he believes the new duo of CEO Rich Barton and CFO Allen Parker look well suited for the "massive challenge" of leading the company through a change in business model. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/08/19
WELS
04/08/19
UPGRADE
Target $115
WELS
Outperform
Procter & Gamble upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Bonnie Herzog upgraded Procter & Gamble to Outperform from Market Perform and raised her price target to $115 from $91, telling investors that while she is "late to the game," she still sees upside and believes P&G has changed and management, led by CEO David Taylor, has infused a sense of urgency and accountability into the organization. Herzog says that while it "took awhile" for consistent results to show, fundamentals appear to have turned, and sees a potential upside surprise in the third quarter on both the top and bottom line. She also views P&G as one of the few Staples companies that will be able to consistently deliver accelerating organic sales growth while expanding margins at the same time.
TGT Target
$82.00

(0.00%)

04/16/19
04/16/19
UPGRADE
Target $15

Buy
e.l.f. Beauty upgraded to Buy at DA Davidson on increased shelf space presence
As previously reported, DA Davidson analyst Linda Bolton Weiser upgraded e.l.f. Beauty to Buy from Hold and raised her price target to $15 from $7. The analyst cites the findings of her proprietary store checks suggesting that the company products have seen a 17% increase in shelf space at Target (TGT), overtaking Coty's (COTY) Covergirl brand, while its Q1 sales "inflected from down high-single digits" in Q4 to low-single digits. Weiser believes that her FY20 sales forecast of a 2% decline may be conservative based on these findings.
03/21/19
GDHS
03/21/19
NO CHANGE
GDHS
Gordon Haskett shakes up retailer rankings with six upgrades, three downgrades
Gordon Haskett analysts Chuck Grom, John Park and Andrew Minora have recalibrated their ratings in broadline and hardline retail with the Q4 earnings season nearly complete, stating that holiday results were mixed with clear winners and losers and that year-to-date sales have been "extremely choppy." The firm's latest macro/consumer survey results suggest that some optimism has resurfaced and they see a scenario where there is a release of significant pent-up demand for the retail group. Within the context of a portfolio approach to the space, the analysts upgraded Target (TGT), Tractor Supply (TSCO), Dollar Tree (DLTR), BJ's Wholesale (BJ) to Buy from Accumulate, upgraded Wayfair (W) and Floor & Decor (FND) to Accumulate from Hold, and downgrade Nordstrom (JWN) and Sprouts Farmers Market (SFM) to Reduce from Hold. The analysts also downgraded Pier 1 Imports (PIR) to Underperform from Hold.
03/21/19
GDHS
03/21/19
UPGRADE
GDHS
Buy
Target upgraded to Buy from Accumulate at Gordon Haskett
03/20/19
EVER
03/20/19
INITIATION
Target $80
EVER
In Line
Target initiated with an In Line at Evercore ISI
Evercore ISI analyst Greg Melich initiated Target with an In Line rating and $80 base case price target, stating that in the upper $70s, the risk/reward appears balanced. He believes 2019 extends what will likely prove a multi-year margin investment cycle, Melich tells investors.
HAL Halliburton
$31.09

(0.00%)

03/11/19
GSCO
03/11/19
INITIATION
GSCO
Goldman Sachs starts 19 in Oilfield Services, top pick is Baker Hughes
Goldman Sachs analyst Angie Sedita last night initiated coverage of 19 names in the Oilfield Services & Equipment space. The analyst sees three themes: A slow recovery in the offshore markers benefiting both offshore drilling and subsea, U.S. frac activity outpacing land drilling over the near-term, and a a surge of LNG projects moving forward benefiting companies exposed to those trends. Valuations are at the low end of historical ranges, says the analyst, who expects annual earnings growth of 15%-30% through 2021 for the group. Sedita's top pick is Baker Hughes (BHGE), a stock she started with a Conviction Buy rating. Her top Sell is Diamond Offshore (DO). Along with Baker Hughes, the analyst put Buy ratings on Halliburton (HAL), Schlumberger (SLB), Transocean (RIG), TechnipFMC (FTI), Nine Energy Services (NINE) and ProPetro Holding (PUMP). Along with Diamond Offshore, Sedita also put a Sell rating on RPC, Inc. (RES).
02/15/19
SBSH
02/15/19
NO CHANGE
SBSH
Citi views Keane acquisition of FTS as most attractive in Oil Service
Consolidation amongst the pressure pumpers is likely to pick up in the current period of profitability bifurcation, Citi analyst Scott Gruber tells investors in a research note. The analyst, however, believes Schlumberger (SLB) and Halliburton (HAL) seem unlikely to acquire and that consolidation looks more likely amongst the mid-tier pumpers. Of those, Keane Group (FRAC) is most likely to acquire, says the analyst. FTS International (FTSI) screens as the most likely to be acquired, although pumping segments at Patterson-UTI (PTEN) and Superior Energy (SPN) could also be targeted, contends Gruber. He believes Keane and FTS looks like the most attractive combination. Both shares could rise in the event of a deal announcement, says the analyst.
04/23/19
RHCO
04/23/19
NO CHANGE
Target $39
RHCO
Buy
Halliburton price target lowered to $39 from $44 at SunTrust
SunTrust analyst Ken Sill lowered his price target on Halliburton to $39 after its Q1 results and Q2 guidance to reflect his lowered implied enterprise value to expected FY20 EBITDA multiple of 9.0-times from 9.6-times, which is in line with its 2007-2014 average. The analyst is also keeping his Buy rating on Halliburton stock, saying the tone of the earnings call was "much improved" and reflects stabilizing U.S. pricing on better supply/demand fundamentals along with expectations of an increase in international activity.
03/10/19
GSCO
03/10/19
INITIATION
Target $42
GSCO
Buy
Halliburton initiated with a Buy at Goldman Sachs
Goldman Sachs started Halliburton with a Buy rating and $42 price target.
KO Coca-Cola
$47.38

(0.00%)

04/11/19
MSCO
04/11/19
DOWNGRADE
Target $24
MSCO
Underweight
Morgan Stanley downgrades Keurig Dr Pepper to Underweight on coffee risk
As previously reported, Morgan Stanley analyst Dara Mohsenian downgraded Keurig Dr Pepper to Underweight from Equal Weight as he sees a negative risk-reward despite a "well telegraphed" Q1 earnings beat on strong pricing at heritage Dr. Pepper Snapple. Based on the firm's recent AlphaWise survey, the analyst sees risk to coffee growth, noting that his forecast of around 1.5% is below the market-implied 4% long-term coffee topline growth, which is a key driver of his EPS forecast by 2021 being 5% below consensus. Additionally, Keurig Dr Pepper shares trade at a premium to the average of beverage peers Coca-Cola (KO) and PepsiCo (PEP) despite lower expected long-term topline growth, Mohsenian noted. He cut his price target on Keurig Dr Pepper shares to $24 from $27.
03/12/19
03/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Boeing (BA) downgraded to Hold from Buy at Edward Jones. 2. Monster Beverage (MNST) downgraded to Market Perform from Outperform at BMO Capital with analyst Amit Sharma saying Monster's current valuation, both absolute and relative to peers, "may be as good it gets." 3. Coca-Cola (KO) downgraded to Hold from Buy at HSBC with analyst Carlos Laboy saying in "trying to grow the pie," Coke is being required to drive revenues with low-margin brands that may take years to scale up. 4. HP Enterprise (HPE) downgraded to Sell from Neutral at UBS with analyst John Roy saying the company's on-premises hardware sales are being pressured by the growth in public cloud, while the "stock is expecting better." 5. F5 Networks (FFIV) downgraded to Neutral from Overweight at JPMorgan with analyst Samik Chatterjee saying the "expensive" acquisition of NGINX is "tough to digest" given the integration and execution risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/29/19
WELS
03/29/19
NO CHANGE
WELS
Coca-Cola energy drink launch in Europe negative for Monster, says Wells Fargo
Coca-Cola (KO) yesterday announced plans to launch its first ever energy drink in Europe, Wells Fargo analyst Bonnie Herzog tells investors in a research note titled "KO Unleashes Its Own 'Monster' with Coke Energy in Europe." Importantly, the announcement came despite the fact that Coca-Cola's ongoing arbitration with Monster Beverage (MNST) has not concluded, says the analyst. She believes this "clearly signals" that Coca-Cola is increasingly confident that it will prevail in the arbitration process. Herzog views the development as a negative for Monster "given that a Coca-Cola-branded energy drink represents yet another source of competition." She thinks the risks are increasing for Market Perform-rated Monster "from multiple vantage points" and maintains his cautious view on the stock.
03/12/19
HSBC
03/12/19
DOWNGRADE
Target $50
HSBC
Hold
Coca-Cola downgraded to Hold on valuation, bottler challenges at HSBC
As previously reported, HSBC analyst Carlos Laboy downgraded Coca-Cola to Hold from Buy, stating that in "trying to grow the pie," Coke is being required to drive revenues with low-margin brands that may take years to scale up. If the "brands that pay the bills" hardly grow and the ones that grow aren't profitable enough, "convincing bottlers to believe" gets harder, said the analyst, who contends that "if the bottlers aren't happy, nobody's happy." The analyst, who also cites valuation given Coca-Cola's new flat EPS guidance, lowered his price target on Coke shares to $50 from $64.

TODAY'S FREE FLY STORIES

MSGN

MSG Networks

$15.67

-1.18 (-7.00%)

09:48
08/21/19
08/21
09:48
08/21/19
09:48
Downgrade
MSG Networks rating change  »

MSG Networks downgraded…

03/08/13
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  • 21

    Aug

AFL

Aflac

$50.29

-1.57 (-3.03%)

09:48
08/21/19
08/21
09:48
08/21/19
09:48
Periodicals
Aflac cancer insurance policies mis-sold by Japan Post, The Mainichi reports »

Japan Post mis-sold about…

03/08/13
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03/06/13
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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$29.42

-2.08 (-6.60%)

09:47
08/21/19
08/21
09:47
08/21/19
09:47
Hot Stocks
ProShares Trust Ultra VIX Short Term Futures ETF falls -6.7% »

ProShares Trust Ultra VIX…

03/08/13
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03/06/13
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MSGN

MSG Networks

$15.67

-1.18 (-7.00%)

09:47
08/21/19
08/21
09:47
08/21/19
09:47
Hot Stocks
MSG Networks falls -6.8% »

MSG Networks is down…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Aug

JMIA

Jumia Technologies

$12.03

-2.66 (-18.11%)

09:47
08/21/19
08/21
09:47
08/21/19
09:47
Hot Stocks
Jumia Technologies falls -17.8% »

Jumia Technologies is…

03/08/13
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03/08/13
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  • 21

    Aug

GSX

GSX Techedu

$15.66

1.01 (6.89%)

09:47
08/21/19
08/21
09:47
08/21/19
09:47
Hot Stocks
GSX Techedu rises 6.9% »

GSX Techedu is up 6.9%,…

03/08/13
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  • 22

    Aug

LOW

Lowe's

$109.52

11.48 (11.71%)

09:47
08/21/19
08/21
09:47
08/21/19
09:47
Hot Stocks
Lowe's rises 12.0% »

Lowe's is up 12.0%,…

03/08/13
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  • 21

    Aug

  • 25

    Sep

TGT

Target

$98.54

12.965 (15.15%)

09:47
08/21/19
08/21
09:47
08/21/19
09:47
Hot Stocks
Target rises 15.2% »

Target is up 15.2%, or…

03/08/13
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03/06/13
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  • 21

    Aug

  • 15

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  • 19

    Sep

  • 25

    Sep

WKHS

Workhorse Group

$3.80

0.165 (4.54%)

, GM

General Motors

$37.28

0.32 (0.87%)

09:46
08/21/19
08/21
09:46
08/21/19
09:46
Hot Stocks
Workhorse Group up 9% in early trading »

Shares of Workhorse Group…

WKHS

Workhorse Group

$3.80

0.165 (4.54%)

GM

General Motors

$37.28

0.32 (0.87%)

03/08/13
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03/06/13
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  • 13

    Nov

09:45
08/21/19
08/21
09:45
08/21/19
09:45
General news
Existing Home Sales to be reported at 10:00 »

July Existing Home Sales…

KSS

Kohl's

$44.87

(0.00%)

09:42
08/21/19
08/21
09:42
08/21/19
09:42
Recommendations
Kohl's analyst commentary  »

Kohl's [price target…

03/08/13
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03/08/13
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03/06/13
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AAPL

Apple

$210.35

(0.00%)

, AMGN

Amgen

$203.15

(0.00%)

09:41
08/21/19
08/21
09:41
08/21/19
09:41
Periodicals
Apple, Amgen, Cisco all slowed buyback spending in Q2, WSJ says »

S&P Dow Jones Indices…

AAPL

Apple

$210.35

(0.00%)

AMGN

Amgen

$203.15

(0.00%)

CSCO

Cisco

$47.94

(0.00%)

BAC

Bank of America

$26.72

(0.00%)

ORCL

Oracle

$53.00

(0.00%)

JPM

JPMorgan

$107.33

(0.00%)

WFC

Wells Fargo

$44.70

(0.00%)

MSFT

Microsoft

$137.25

(0.00%)

JCI

Johnson Controls

$42.34

(0.00%)

GOOGL

Alphabet Class A

$1,184.26

(0.00%)

GOOG

Alphabet

$1,183.43

(0.00%)

C

Citi

$63.44

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Aug

  • 04

    Sep

  • 04

    Sep

  • 06

    Sep

  • 09

    Sep

  • 09

    Sep

  • 10

    Sep

  • 16

    Sep

  • 19

    Sep

  • 24

    Sep

  • 10

    Oct

  • 12

    Oct

  • 15

    Oct

  • 15

    Oct

  • 15

    Oct

  • 16

    Oct

  • 27

    Oct

  • 13

    Nov

URBN

Urban Outfitters

$20.93

(0.00%)

, LOW

Lowe's

$98.04

(0.00%)

09:40
08/21/19
08/21
09:40
08/21/19
09:40
Options
Unusually active option classes on open August 21st »

Unusual total active…

URBN

Urban Outfitters

$20.93

(0.00%)

LOW

Lowe's

$98.04

(0.00%)

PDD

Pinduoduo

$25.97

(0.00%)

FIT

Fitbit

$2.94

(0.00%)

FCX

Freeport McMoRan

$9.19

(0.00%)

HD

Home Depot

$217.14

(0.00%)

TLRY

Tilray

$29.30

(0.00%)

RIG

Transocean

$4.58

(0.00%)

XBI

SPDR S&P BIOTECH

$82.47

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 21

    Aug

  • 21

    Aug

  • 21

    Aug

  • 22

    Aug

  • 10

    Sep

  • 23

    Sep

  • 25

    Sep

  • 19

    Nov

  • 19

    Nov

CLR

Continental Resources

$30.57

-0.65 (-2.08%)

09:39
08/21/19
08/21
09:39
08/21/19
09:39
Recommendations
Continental Resources analyst commentary  »

Continental Resources…

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

Nevro

$82.98

2.13 (2.63%)

09:37
08/21/19
08/21
09:37
08/21/19
09:37
Conference/Events
Nevro participates in a conference call with SVB Leerink »

SVB Leerink holds a…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 26

    Aug

  • 09

    Sep

TGT

Target

$85.57

-0.34 (-0.40%)

09:36
08/21/19
08/21
09:36
08/21/19
09:36
Options
Pre-earnings call sale in Target turns ugly as shares jump »

Pre-earnings call sale in…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 21

    Aug

  • 15

    Sep

  • 19

    Sep

  • 25

    Sep

PAVM

PAVmed

$1.00

(0.00%)

09:33
08/21/19
08/21
09:33
08/21/19
09:33
Hot Stocks
PAVmed announces issuance of U.S. patent »

PAVmed announced that the…

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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RECN

Resources Connection

$16.66

-0.06 (-0.36%)

09:32
08/21/19
08/21
09:32
08/21/19
09:32
Hot Stocks
RGP sell assets of local Nordics business to Capacent »

Resources Connection…

03/08/13
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03/08/13
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03/06/13
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URBN

Urban Outfitters

$20.93

0.07 (0.34%)

09:31
08/21/19
08/21
09:31
08/21/19
09:31
Recommendations
Urban Outfitters analyst commentary at MKM Partners »

Urban Outfitters price…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 22

    Aug

  • 25

    Sep

  • 19

    Nov

TS

Tenaris

$21.31

-0.495 (-2.27%)

09:30
08/21/19
08/21
09:30
08/21/19
09:30
Upgrade
Tenaris rating change  »

Tenaris upgraded to…

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

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PRSP

Perspecta

$24.92

0.375 (1.53%)

09:27
08/21/19
08/21
09:27
08/21/19
09:27
Hot Stocks
Perspecta awarded $1M DARPA to provide AI compact hardware research »

Perspecta's applied…

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

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RRGB

Red Robin

$32.87

1.05 (3.30%)

09:27
08/21/19
08/21
09:27
08/21/19
09:27
Recommendations
Red Robin analyst commentary at Stephens »

Stephens supportive of…

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

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  • 23

    Aug

URBN

Urban Outfitters

$20.93

0.07 (0.34%)

09:22
08/21/19
08/21
09:22
08/21/19
09:22
Recommendations
Urban Outfitters analyst commentary at Loop Capital »

Urban Outfitters price…

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

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  • 22

    Aug

  • 25

    Sep

  • 19

    Nov

LSI

Life Storage

$103.32

-0.13 (-0.13%)

, PSA

Public Storage

$260.45

-0.6 (-0.23%)

09:21
08/21/19
08/21
09:21
08/21/19
09:21
Upgrade
Life Storage, Public Storage rating change  »

Life Storage upgraded to…

LSI

Life Storage

$103.32

-0.13 (-0.13%)

PSA

Public Storage

$260.45

-0.6 (-0.23%)

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

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VSTO

Vista Outdoor

$4.90

0.18 (3.81%)

09:20
08/21/19
08/21
09:20
08/21/19
09:20
Recommendations
Vista Outdoor analyst commentary at Lake Street »

Vista Outdoor would be…

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

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  • 10

    Sep

  • 19

    Sep

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