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CVS

CVS Health

$52.93

-0.03 (-0.06%)

, WBA

Walgreens Boots Alliance

$53.47

0.28 (0.53%)

06:25
04/25/19
04/25
06:25
04/25/19
06:25

CVS to add 'hundreds' of SmileDirectClub shops to stores in 2019, CNBC says

CVS Health (CVS) is planning to open "hundreds" of SmileDirectClub locations inside of its stores in 2019 and expects to open over 1,000 locations over the next two years, CNBC's Lauren Thomas and Angelica LaVito report, citing VP of beauty Maly Bernstein. Customers can receive a 3D scan of their teeth at the locations, called SmileShops, which will be used to create a pair of invisible braces and the move comes as Walgreens (WBA) is testing SmileDirectClub locations in four of its stores. Reference Link

CVS

CVS Health

$52.93

-0.03 (-0.06%)

WBA

Walgreens Boots Alliance

$53.47

0.28 (0.53%)

  • 01

    May

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    May

CVS CVS Health
$52.93

-0.03 (-0.06%)

04/15/19
04/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CVS Health (CVS) downgraded to Perform from Outperform at Oppenheimer with analyst Michael Wiederhorn saying he views it as more of a long-term opportunity given the potential timeline to execute on its strategy and the near-term legacy business challenges. 2. Infosys (INFY) downgraded to Hold from Buy at Deutsche Bank and Investec, to Reduce from Neutral at Nomura Instinet, to Underperform from Neutral at Credit Suisse, to Equal Weight from Overweight at Morgan Stanley, and to Neutral from Buy at Citi and BofA/Merrill. 3. Celanese (CE) downgraded to Hold from Buy at Deutsche Bank with analyst David Begleiter saying the company's leadership transition creates uncertainty. 4. Alliance Data (ADS) downgraded to Underweight from Equal Weight at Stephens and to Market Perform from Outperform at BMO Capital. 5. Wells Fargo (WFC) downgraded to Neutral from Conviction Buy at Goldman Sachs, to In Line from Outperform at Evercore ISI, and to Neutral from Buy at BofA/Merrill and Buckingham. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/19
SPHN
04/17/19
NO CHANGE
SPHN
Issues facing healthcare sector now 'modest' compared to 2008-10, says Stephens
Stephens analyst Scott Fidel noted that the managed care group has sharply underperformed the S&P 500 over the last month amid "political rhetoric" around point-of-sale drug rebates and Medicare for all policy proposals, though he believes the issues facing the sector right now "seem modest in comparison" to the "dark days of 2008-2010." While recent Medicare for all proposals have rattled investors, "they will face enormous uphill battles," Fidel tells investors. Hospital stocks have outperformed MCOs year-to-date, but the group declined about 9% yesterday and underperformed the MCO group, which Fidel attributes to acknowledgement by industry bellwether UnitedHealth (UNH) of the significant disruptive nature of Medicare for all, which may have sparked additional fears, as well as one less calendar day being called out by UnitedHealth as benefiting Q1 MLRs and Johnson & Johnson's (JNJ) earnings call commentary on declining sequential hospital admissions from Q4. Publicly traded companies in the hospital space include Community Health (CYH), HCA Healthcare (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS). Publicly traded companies in the managed care space include Anthem (ANTM), CVS Health (CVS), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG).
04/17/19
GUGG
04/17/19
INITIATION
GUGG
Buy
CVS Health assumed with a Buy at Guggenheim
Guggenheim analyst Glen Santangelo assumed coverage of CVS Health with a Buy rating and $63 price target, lowered from a previous price target of $85. The analyst is "excited about the strategic repositioning of the company and the long-term opportunities for the new model," but noted that he "underestimated the structural and integration issues facing the business." That said, Santangelo believes that much of the damage to the stock is already done, and believes CVS Health is a good fit for long-term investors that can handle near-term volatility.
04/18/19
PIPR
04/18/19
NO CHANGE
Target $73
PIPR
Overweight
Tabula Rasa weakness brings 'compelling entry point,' says Piper Jaffray
Piper Jaffray analyst Sean Wieland is "incrementally more positive" on Tabula Rasa HealthCare's (TRHC) growth outlook after traveling with the company's CFO Brian Adams. CVS Health (CVS) provides a "strong validation" of Tabula Rasa's value proposition, and multiple opportunities should result in a higher margin product mix, Wieland tells investors in a research note. Further, the analyst believes the recent weakness in the stock has created a "compelling entry point." He reiterates an Overweight rating on Tabula Rasa HealthCare with a $73 price target.
WBA Walgreens Boots Alliance
$53.47

0.28 (0.53%)

04/03/19
04/03/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Caterpillar (CAT) downgraded to Hold from Buy at Deutsche Bank with analyst Chad Dillard saying the biggest risk to the bull case for Caterpillar is if its backlog growth turns negative, "and it is becoming increasingly clear that it will within this next quarter." 2. Dunkin' Brands (DNKN) downgraded to Market Perform from Outperform at BMO Capital with analyst Andrew Strelzik saying that while he remains positive on the company's underlying fundamentals over the long term, he sees risk/reward at current levels as "less persuasive." 3. Tallgrass Energy (TGE) downgraded to Neutral from Buy at Goldman Sachs with analyst Michael Lapides citing the stock's recent outperformance and also warns that its Rockies Express Pipeline natural gas pipeline and Pony Express crude oil pipeline contract roll-offs pose "overhangs," even though the "volume growth out of Bakken, Niobrara, and Powder River Basin could offset this over time." 4. Walgreens Boots Alliance (WBA) downgraded to Hold from Buy at Loop Capital with analyst Andrew Wolf citing the company's disappointing Q2 earnings and FY19 guidance announced yesterday "driven by significantly lower-than-forecasted gross margin resulting from increased pharmacy reimbursement rate pressure in the U.S." 5. Alcoa (AA) downgraded to Neutral from Buy at BofA/Merrill with analyst Timna Tanners saying she now sees limited free cash flow payments by Alcoa to upstream AWAC joint-venture partner Alumina Ltd, potential excess alumina/bauxite supply, and potential price risks from the Alunorte refinery restarting, the world's largest refinery. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/19
GUGG
04/17/19
DOWNGRADE
Target $59
GUGG
Neutral
Walgreens Boots Alliance assumed with a Neutral from Buy at Guggenheim
04/17/19
GUGG
04/17/19
DOWNGRADE
Target $59
GUGG
Neutral
Walgreens Boots Alliance assumed with a Neutral from Buy at Guggenheim
Guggenheim analyst Glen Santangelo assumed coverage of Walgreens Boots Alliance and downgraded the shares to Neutral from the firm's Buy rating under analyst John Heinbockel. He lowered his price target for the stock to $59 from $75. The analyst is concerned about the continuing structural pressures facing the retail pharmacy industry. Further, the evolution of Walgreens' competitive landscape "will continue to make things difficult for the company," Santangelo tells investors in a research note.
04/18/19
04/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying Morgan Stanley reported "strong" Q1 results but the shares are fairly valued. 2. Snap (SNAP) downgraded to Negative from Mixed at Vertical Group and to Neutral from Outperform at Wedbush. 3. Rite Aid (RAD) downgraded with a Sell from Neutral at Guggenheim while Walgreens Boots Alliance (WBA) was downgraded with a Neutral from Buy. 4. CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill with analyst Steve Byrne saying he has spoken with 10 key channel contacts in the Cornbelt and several commented that never in their 30-plus year careers have they seen fertilizer applications this far behind, mainly due to the weather. 5. FMC Corporation (FMC) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the "uncertainty of Rynaxypyr and Cyazypyr patent expiration" as well as the reduced multiple from the recent lithium separation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CYRN

Cyren

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VEC

Vectrus

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OSPN

OneSpan

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CMBM

Cambium Networks

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21:29
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Syndicate
Cambium Networks 5.8M share IPO price $12.00 »

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VICI

VICI Properties

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21:27
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Syndicate
VICI Properties 100M share Secondary priced at $21.50 »

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Conference/Events
CLSA Asian tech analysts to hold an analyst/industry conference call »

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GIS

General Mills

$53.70

0.04 (0.07%)

, PAYX

Paychex

$84.76

-1.41 (-1.64%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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PAYX

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BAX

Baxter

$81.71

-0.58 (-0.70%)

19:32
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FB

Facebook

$188.87

-3.69 (-1.92%)

19:21
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Periodicals
Brazil court reduces fine for Facebook's refusal to share data, Reuters says »

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PCG

PG&E

$21.62

-0.02 (-0.09%)

19:01
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19:01
Periodicals
PG&E bondholders seek control of utility's bankruptcy, SVBJ reports »

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KMI

Kinder Morgan

$20.58

-0.58 (-2.74%)

18:55
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18:55
Hot Stocks
Kinder Morgan says 'very pleased' with Travis County District Court ruling »

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MU

Micron

$32.71

-0.47 (-1.42%)

, FDX

FedEx

$156.00

-4.88 (-3.03%)

18:37
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18:37
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Micron…

MU

Micron

$32.71

-0.47 (-1.42%)

FDX

FedEx

$156.00

-4.88 (-3.03%)

AVAV

AeroVironment

$61.41

-0.52 (-0.84%)

GBT

Global Blood Therapeutics

$62.42

-0.87 (-1.37%)

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18:15
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General news
Breaking General news story  »

St. Louis Federal Reserve…

CMCSA

Comcast

$42.75

-0.85 (-1.95%)

, CMCSK

Comcast

$0.00

(0.00%)

18:06
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Periodicals
NBC to pull 'The Office' from Netflix in 2021, CNBC says »

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CMCSA

Comcast

$42.75

-0.85 (-1.95%)

CMCSK

Comcast

$0.00

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NFLX

Netflix

$360.29

-10.72 (-2.89%)

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FDX

FedEx

$156.00

-4.88 (-3.03%)

18:03
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Hot Stocks
FedEx says U.S. government placing burden on carriers with regulations »

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FDX

FedEx

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FedEx says Huawei packages 'only peripherally' involved in U.S. lawsuit »

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QD

Qudian

$8.46

-0.275 (-3.15%)

18:00
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Breaking Syndicate news story on Qudian »

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FDX

FedEx

$156.00

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, AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

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

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FDX

FedEx

$156.00

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AMZN

Amazon.com

$1,879.26

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FDX

FedEx

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

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FDX

FedEx

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17:51
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FedEx says has made no pricing changes »

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FDX

FedEx

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17:46
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FedEx says international commercial team still poised for growth »

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FDX

FedEx

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

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FDX

FedEx

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17:38
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Hot Stocks
FedEx calls FY20 a 'transition year' »

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FDX

FedEx

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17:37
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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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17:36
Hot Stocks
CNX Resources director Bernard Lanigan purchases 36,200 shares of company stock »

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