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SFLY

Shutterfly

$39.44

0.53 (1.36%)

, APO

Apollo Global

$32.48

0.13 (0.40%)

15:27
04/24/19
04/24
15:27
04/24/19
15:27

Apollo Global, Cerberus siad to consider Shutterfly bids, Bloomberg reports

SFLY

Shutterfly

$39.44

0.53 (1.36%)

APO

Apollo Global

$32.48

0.13 (0.40%)

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SFLY Shutterfly
$39.44

0.53 (1.36%)

02/04/19
02/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Yelp (YELP) initiated with a Buy at Goldman Sachs while Groupon (GRPN) was initiated with a Neutral, and Match Group (MTCH) and Shutterfly (SFLY) were initiated with a Sell. 2. eHealth (EHTH) initiated with an Outperform at Evercore ISI. 3. Okta (OKTA) initiated with an Equal Weight at Morgan Stanley. 4. Lonestar Resources (LONE) initiated with an Outperform at Cowen. 5. Kopin (KOPN) initiated with a Buy at Ladenburg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/06/19
BARD
02/06/19
NO CHANGE
Target $45
BARD
Neutral
Shutterfly near-term risks elevated, says Baird
Baird analyst Colin Sebastian said Shutterfly disappointed in its most important seasonal quarter. The analyst noted the consumer segment revenues were below guidance once again, and he believes there is increasing pressure on management to integrate LifeTouch with the core Shutterfly business through revenue synergies. He also said the pending departure of the company's CEO and the board's strategic review could distract from the company's current strategic direction. Sebastian maintained his Neutral rating and lowered his price target to $45 from $55 on Shutterfly shares.
02/06/19
RHCO
02/06/19
NO CHANGE
Target $55
RHCO
Buy
Shutterfly price target lowered to $55 from $70 at SunTrust
SunTrust analyst Youssef Squali lowered his price target on Shutterfly to $55 after its latest earnings miss. The analyst keeps his Buy rating on the shares however, noting that its announced strategic review committee formation and CEO departure are appropriate at this juncture, adding that its risk-reward profile of 6.5-times enterprise value to EBITDA is also "attractive".
02/06/19
AGIS
02/06/19
NO CHANGE
Target $55
AGIS
Buy
Shutterfly investors' 'best bet' is to hang on in hopes for deal, says Aegis
Aegis analyst Victor Anthony said Shutterfly had an "eventful" evening yesterday, as the company reported revenue and adjusted EBITDA that missed his estimates, gave guidance that also missed his and consensus estimates, pushed out its synergy targets, announced the departure of its CEO and announced it had been approached about a potential acquisition and is exploring alternatives. Anthony, who notes that he previously highlighted Shutterfly as a potential acquisition target or the target of activist investors, believes that "the best bet for investors is to hang onto the shares in anticipation of an acquirer stepping in." A financial buyer could pay $60 per share, while a strategic acquirer could pay $70 per share, believes Anthony, who has a Buy rating and $55 price target on Shutterfly shares.
APO Apollo Global
$32.48

0.13 (0.40%)

11/14/18
MSCO
11/14/18
DOWNGRADE
MSCO
Equal Weight
Morgan Stanley downgrades Apollo Global and Carlyle, favors brokers late cycle
As previously reported, Morgan Stanley analyst Michael Cyprys downgraded Apollo Global (APO) and Carlyle Group (CG), each to Equal Weight from Overweight, stating that he sees growing risk to portfolio harvesting and dividends and favors discount brokers in a more volatile, late cycle environment. On Apollo, he said he now has less conviction that cash performance fees can accelerate over the next 12 months given the more volatile market backdrop. On Carlyle, he sees risk to growing cash performance fees with increased market volatility. Cyprys lowered his price target on Apollo shares to $34 from $42 and cut his price target on Carlyle shares to $23 from $31.
11/14/18
11/14/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Neutral from Buy at Guggenheim with analyst Robert Cihra saying the average selling price of the iPhone has increased a "dramatic" $220, or 40%, over the past 10 years, reflecting its "growing value to both consumer and business markets." 2. Kellogg (K) downgraded to Neutral from Overweight at JPMorgan with analyst Ken Goldman saying that while nothing at the company's investor day "necessarily disappointed" him, he also did not gain "much comfort that the bottom-line turnaround would be swift." 3. Apollo Global (APO) and Carlyle Group (CG) were downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Conagra Brands (CAG) downgraded to Underperform from Market Perform at Bernstein with analyst Alexia Howard saying the frozen category has experienced positive growth over the past year, largely led by new product innovation from Conagra and Pinnacle Foods, but this now seems to be running out of steam. 5. Tenneco (TEN) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Armintas Sinkevicius citing its elevated leverage and limited free cash flow conversion in what he views as an increasingly uncertain environment for auto suppliers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/14/19
JPMS
01/14/19
DOWNGRADE
Target $22
JPMS
Neutral
Arconic downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Michael Gambardella downgraded Arconic (ARNC) to Neutral and lowered his price target for the shares to $22 from $24. The analyst cites valuation for the downgrade. The shares are gradually pricing in a buyout, which is appropriate, Gambardella tells investors in a research note. Bloomberg on January 2 reported that Apollo Global (APO) in talks to buy Arconic for $22 per share.
04/17/19
OPCO
04/17/19
NO CHANGE
OPCO
Oppenheimer moving to Not Rated on Smart & Final Stores
Oppenheimer analyst Rupesh Parikh is moving to Not Rated from Perform on Smart & Final Stores (SFS), after the company agreed to be acquired by private equity firm Apollo Global Management (APO) for $6.50 a share.

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QD

Qudian

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FDX

FedEx

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Amazon.com

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Hot Stocks
Breaking Hot Stocks news story on FedEx, Amazon.com »

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FedEx

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Amazon.com

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:56
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17:56
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FedEx sees buyback level significantly lower in FY20 »

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FedEx

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17:51
06/25/19
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17:51
Hot Stocks
FedEx says has made no pricing changes »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:46
06/25/19
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17:46
Hot Stocks
FedEx says international commercial team still poised for growth »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:43
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Hot Stocks
FedEx says global trade picture 'less than ideal' »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:38
06/25/19
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17:38
Hot Stocks
FedEx calls FY20 a 'transition year' »

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FDX

FedEx

$156.00

-4.88 (-3.03%)

17:37
06/25/19
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Hot Stocks
FedEx says intends to substantially grow e-commerce business »

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CNX

CNX Resources

$6.83

-0.345 (-4.81%)

17:36
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Hot Stocks
CNX Resources director Bernard Lanigan purchases 36,200 shares of company stock »

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FTI

TechnipFMC

$24.96

0.21 (0.85%)

17:32
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TechnipFMC confirms settlement with U.S., Brazilian enforcement authorities »

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MO

Altria Group

$48.80

0.31 (0.64%)

, BTI

British American Tobacco

$35.76

0.56 (1.59%)

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Periodicals
San Francisco votes to ban sale of e-cigarettes, AP reports »

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MO

Altria Group

$48.80

0.31 (0.64%)

BTI

British American Tobacco

$35.76

0.56 (1.59%)

PM

Philip Morris

$78.85

1.02 (1.31%)

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CVS

CVS Health

$53.69

0.57 (1.07%)

17:16
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Recommendations
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TechnipFMC

$24.96

0.21 (0.85%)

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Hot Stocks
TechnipFMC, subsidiary to pay $296M to resolve foreign bribery charges »

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ORRF

Orrstown Financial

$21.93

0.22 (1.01%)

17:11
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Hot Stocks
Orrstown Financial names Thomas Brugger EVP and CFO »

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MU

Micron

$32.71

-0.47 (-1.42%)

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Micron says it has mitigated 90% of China tariff impact »

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AGN

Allergan

$162.60

32.95 (25.41%)

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AbbVie

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-12.78 (-16.30%)

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Fly Intel: Wall Street's top stories for Tuesday »

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AbbVie

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T-Mobile

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S

Sprint

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DISH

Dish

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LEN

Lennar

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FDX

FedEx

$156.00

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UPS

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Facebook

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Pyxus

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GRUB

GrubHub

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ALDX

Aldeyra

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W

Wayfair

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AITB

AIT Therapeutics

$5.33

0.06 (1.14%)

17:05
06/25/19
06/25
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17:05
Hot Stocks
AIT Therapeutics plans to file PMA submission with FDA for PPHN with AirNOvent »

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MU

Micron

$32.71

-0.47 (-1.42%)

17:03
06/25/19
06/25
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17:03
Earnings
Micron sees Q4 EPS 45c +/- 7c, consensus 78c »

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AITB

AIT Therapeutics

$5.33

0.06 (1.14%)

17:00
06/25/19
06/25
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17:00
Earnings
AIT Therapeutics reports Q4 EPS (49c), consensus 28c »

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MU

Micron

$32.71

-0.47 (-1.42%)

16:48
06/25/19
06/25
16:48
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16:48
Hot Stocks
Micron says it can resume shipping a certain subset of products to Huawei »

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AVAV

AeroVironment

$61.41

-0.52 (-0.84%)

16:42
06/25/19
06/25
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16:42
Hot Stocks
AeroVironment down 9.5% to $55.50 after Q4 results, FY20 guidance »

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