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AIT

Applied Industrial Technologies

$59.98

-0.31 (-0.51%)

, AME

Ametek

$86.53

-0.82 (-0.94%)

08:45
05/07/19
05/07
08:45
05/07/19
08:45

Wells Fargo to hold a conference

2019 Industrials Conference will be held in New York on May 7.

AIT

Applied Industrial Technologies

$59.98

-0.31 (-0.51%)

AME

Ametek

$86.53

-0.82 (-0.94%)

ATR

AptarGroup

$115.06

1.25 (1.10%)

ATU

Actuant

$25.54

-0.285 (-1.10%)

AXE

Anixter

$62.70

-1.17 (-1.83%)

BRC

Brady

$50.07

0.13 (0.26%)

CAI

CAI International

$23.99

-0.18 (-0.74%)

CCK

Crown Holdings

$59.87

-0.59 (-0.98%)

CSTM

Constellium

$9.57

-0.02 (-0.21%)

FDX

FedEx

$185.66

-2.31 (-1.23%)

GATX

GATX

$77.43

-0.97 (-1.24%)

GNTX

Gentex

$23.50

0.1 (0.43%)

IEX

IDEX Corp.

$155.99

-0.44 (-0.28%)

JBT

John Bean Technologies

$114.19

-0.54 (-0.47%)

KEX

Kirby

$85.10

0.205 (0.24%)

KOP

Koppers Holdings

$28.99

-0.36 (-1.23%)

LII

Lennox

$270.97

-1.13 (-0.42%)

MNTX

Manitex

$7.40

-0.1 (-1.33%)

MOG.A

Moog

$93.49

-1.475 (-1.55%)

NAV

Navistar

$33.75

-0.345 (-1.01%)

SEE

Sealed Air

$44.36

-0.655 (-1.46%)

SON

Sonoco

$63.89

-0.14 (-0.22%)

SSW

Seaspan

$9.87

-0.43 (-4.17%)

SWK

Stanley Black & Decker

$146.41

-6.72 (-4.39%)

TEL

TE Connectivity

$93.70

-1.94 (-2.03%)

TEX

Terex

$32.65

0.06 (0.18%)

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AIT Applied Industrial Technologies
$59.98

-0.31 (-0.51%)

01/15/19
01/15/19
UPGRADE
Target $70

Overweight
Applied Industrial Technologies upgraded to Overweight at KeyBanc
As previously reported, KeyBanc analyst Steve Barger upgraded Applied Industrial Technologies to Overweight from Sector Weight, with a $70 price target. The analyst thinks an investment in Applied Industrial Technologies offers a good combination of solid operational and management performance, improving free cash flow, and deleveraging opportunities at an attractive valuation. If end markets continue to expand at a moderating pace, Barger believes the company will continue to drive revenue growth and margin expansion.
03/08/19
LBOW
03/08/19
UPGRADE
LBOW
Buy
Applied Industrial Technologies upgraded to Buy from Neutral at Longbow
03/08/19
LBOW
03/08/19
UPGRADE
Target $70
LBOW
Buy
Applied Industrial Technologies upgraded to Buy following selloff at Longbow
As previously reported, Longbow analyst Chris Dankert upgraded Applied Industrial Technologies to Buy from Neutral, noting that the stock is trading at its lowest relative valuation compared to the Russell 2000 in twenty years following its selloff. Applied recently reset expectations to an "achievable level" and his channel checks and key supplier commentary call for continued demand growth, making the discounted valuation unjustified, contends Dankert, who set a $70 price target on the stock.
01/24/19
WLSD
01/24/19
DOWNGRADE
WLSD
Gradually Accumulate
Applied Industrial Technologies downgraded to Gradually Accumulate at Wellington Shields
AME Ametek
$86.53

-0.82 (-0.94%)

04/17/19
KEYB
04/17/19
NO CHANGE
KEYB
Ametek, ITT among top potential acquirers in industrial space, says KeyBanc
KeyBanc analysts Jeff Hammond and Steve Barger think moderating organic growth expectations in 2019 due to tough year over year comps may drive industrials to increasingly look toward inorganic avenues for market outgrowth, or to potentially divest businesses to right-size portfolios. The analysts view Ametek (AME), ITT (ITT), Graco (GGG), and Timken (TKR) as the top potential acquirers, and think Actuant (ATU), Colfax (CFX), Eaton (ETN), Kaman (KAMN), NN, Inc. (NNBR), and Milacron (MCRN) could benefit most from a strategic divestiture.
03/15/19
DADA
03/15/19
NO CHANGE
Target $92
DADA
Buy
Ametek price target raised to $92 from $87 at DA Davidson
DA Davidson analyst Matt Summerville raised his price target on Ametek to $92 and kept his Buy rating, saying his deeper analysis of investment thesis on the company supports his confidence in recommending the stock as a "core mid/large cap industrial tech holding." The analyst points to Ametek's "respectable organic growth profile, strong balance sheet and free cash flow, solid execution, and well-regarding track record of effectively compounding capital via accretive M&A."
05/02/19
KEYB
05/02/19
NO CHANGE
Target $94
KEYB
Overweight
Ametek price target raised to $94 from $86 at KeyBanc
KeyBanc analyst Steve Barger raised his price target for Ametek to $94 from $86, saying that he views the company's EPS guide increase and maintained sales expectations as potentially conservative given its substantial balance sheet and free cash flow flexibility to fund M&A. While the analyst acknowledges management's conservatism for potentially moderating growth in 2020, he views Ametek's "solid" track record for generating returns and integrating new acquisitions positions it as among the best within his coverage list from a return on capital perspective. He reiterates an Overweight rating on the shares.
05/02/19
DADA
05/02/19
NO CHANGE
Target $101
DADA
Buy
Ametek price target raised to $101 from $92 at DA Davidson
DA Davidson analyst Matt Summerville raised his price target on Ametek to $101 and kept his Buy rating after its Q1 earnings beat, saying the company generated "strong incoming orders" in spite of a "tough compare", along with "solid" pricing and a record level of backlog. The analyst also sees Ametek's balance sheet offering much room for capital deployment through accretive M&A and internal growth investments.
ATR AptarGroup
$115.06

1.25 (1.10%)

01/07/19
VERT
01/07/19
UPGRADE
VERT
Hold
AptarGroup upgraded to Hold from Sell at Vertical Research (pre-open)
02/22/19
VERT
02/22/19
DOWNGRADE
VERT
Sell
AptarGroup downgraded to Sell from Hold at Vertical Research
Vertical Research downgraded AptarGroup to Sell from Hold following the Q4 report saying valuation more than reflects pharma's "magic" as cash flow yield "plummets."
02/27/19
BARD
02/27/19
UPGRADE
BARD
Outperform
AptarGroup upgraded to Outperform from Neutral at Baird
02/27/19
02/27/19
UPGRADE

Fly Intel: Top analyst upgrades
Catch up on today's top analyst upgrades with this list compiled by The Fly: 1. Philip Morris (PM) upgraded to Buy from Neutral at UBS with analyst Robert Rampton saying the company's valuation hinges on its heated tobacco proposition, iQOS. 2. Boise Cascade (BCC) upgraded to Buy from Neutral at DA Davidson with analyst Steven Chercover saying that with the "irrational exuberance" having been shaken out of the stock, now is an "attractive entry point." 3. AptarGroup (ATR) upgraded to Outperform from Neutral at Baird. 4. W. R. Berkley (WRB) upgraded to Outperform from Neutral at Credit Suisse, while Cincinnati Financial (CINF) was upgraded to Neutral from Underperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ATU Actuant
$25.54

-0.285 (-1.10%)

12/24/18
BMOC
12/24/18
NO CHANGE
Target $22
BMOC
Market Perform
Actuant price target lowered to $22 from $25 at BMO Capital
BMO Capital analyst R. Scott Graham lowered his price target on Actuant to $22 and kept his Market Perform rating, saying that while the company's earnings are recovering from a trough, some further consistency in results is still needed. The analyst further cites the slowing end markets for Actuant and a below-peer margin level that justifies the 10% valuation discount relative to its group implied in his target.
12/21/18
BARD
12/21/18
NO CHANGE
Target $26
BARD
Outperform
Actuant selloff unjustified, but understandable, says Baird
Baird analyst Mig Dobre said the selloff in Actuant following its Q1 beat was unjustified, but understandable as he recognizes the terrible sentiment toward industrials. He noted the guidance for earnings was reiterated, but revenue projections were lower due to divestitures. The selloff could have been due to the lower sales guidance, its new segment structure, price/cost dynamics, and risk that its 2019 demand drivers could decelerate, said Dobre, who maintained his Outperform rating on Actuant shares but lowered his price target to $26 from $32.
01/28/19
JPMS
01/28/19
UPGRADE
Target $23
JPMS
Neutral
Actuant upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Ann Duignan upgraded Actuant to Neutral and raised her price target for the shares to $23 from $19. The analyst believes the company's decision to explore a divestment of its Engineered Components & Systems segment has put in a valuation floor in the shares.
AXE Anixter
$62.70

-1.17 (-1.83%)

07/20/18
07/20/18
UPGRADE
Target $86

Buy
Anixter upgraded to Buy on evidence of acceleration in N.A. spending at Longbow
As previously reported, Longbow analyst Shawn Harrison upgraded Anixter to Buy from Neutral after checks showed that North American enterprise spending accelerated as the second quarter progressed while industrial spending grew in the high-single to low double digits. N.A. cable & wire sales grew a better than forecast mid- to high- single digits year-over-year in Q2, said Harrison. Additionally, rising backlogs and a solid start to July lead him to believe North American growth will be sustained in the second half. He has an $86 price target on Anixter shares.
07/20/18
07/20/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. American Express (AXP) upgraded to Buy from Hold at DZ Bank. 2. Duke Energy (DUK) upgraded to Neutral from Sell at Citi with analyst Praful Mehta saying Duke has dealt with his primary concern about its credit following tax reform with its recent deals. 3. Anixter (AXE) upgraded to Buy from Neutral at Longbow with analyst Shawn Harrison citing checks which showed that North American enterprise spending accelerated as the second quarter progressed while industrial spending grew in the high-single to low double digits. 4. RLI Corp. (RLI) upgraded to Sector Perform from Underperform at RBC Capital with analyst Mark Dwelle saying the company has "resolved reserve and margin concerns" that previously drove his negative view, with the re-emergence of growth placing its earnings and return on equity on a more "favorable track." 5. Beacon Roofing (BECN) upgraded to Overweight from Equal Weight at Stephens with analyst Trey Grooms pointing out that his industry checks show distributors have been able to make up some lost ground over the busier selling months and noting that roofing manufacturers have pushed through three separate price increases year-to-date and plan for another in the August/September time frame. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/20/18
LBOW
07/20/18
UPGRADE
LBOW
Buy
Anixter upgraded to Buy from Neutral at Longbow
BRC Brady
$50.07

0.13 (0.26%)

07/16/18
BOFA
07/16/18
DOWNGRADE
Target $40
BOFA
Underperform
Brady downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst George Staphos downgraded Brady two notches to Underperform from Buy and cut its price target to $40 from $44 citing relative valuation. Staphos said Packaging & Paper/Forest stocks are positively correlated to the yield curve spread, and as it narrows, expects stocks to go up on earnings and fundamentals, not multiple expansion. The analyst said Brady has outperformed the sector and now sees limited relative upside.
09/18/18
SIDC
09/18/18
DOWNGRADE
SIDC
Neutral
Brady downgraded to Neutral from Buy at Sidoti
CAI CAI International
$23.99

-0.18 (-0.74%)

02/21/19
KBWI
02/21/19
DOWNGRADE
Target $29
KBWI
Market Perform
CAI downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Michael Brown downgraded CAI International to Market Perform and lowered his price target for the shares to $29 from $34. The analyst says he's moving to the sidelines following CAI's sales miss in Q4.
10/10/18
WBLR
10/10/18
NO CHANGE
WBLR
Outperform
CAI pullback on counterparty fuel cost concerns misplaced, says William Blair
William Blair analyst Robert Napoli says the recent pullback in shares of CAI International on counterparty fuel cost concerns is misplaced. Following an analysis of key global macroeconomic trends, the analyst believes the company's business and industry fundamentals remain favorable. Further, trade tariffs have not had a noticeable impact on container trade growth so far and the trade pattern disruption is actually an incremental positive as more boxes are needed as trade routes are altered, Napoli tells investors in a research note. He believes tariff risk is more than priced in to CAI's current valuation. The analyst also thinks counterparty risk concerns that stem primarily from potential financial pressures tied to fuel emission limitations on top of the potential for slower global GDP growth are "well over done." He keeps an Outperform rating on CAI International.
09/28/18
09/28/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. CITI CUTS TESLA TO SELL: Citi analyst Itay Michaeli downgraded Tesla (TSLA) to Sell from Neutral and lowered his price target for the shares to $225 from $356. The analyst is making a "risk/reward call" into the outcome of the SEC lawsuit against CEO Elon Musk. In a scenario where the suit leads to Musk's exit, the analyst says there is "little question" that the departure would likely cause harm to Tesla's brand, stakeholder confidence and fundraising. This would increase the risk of triggering a "downward confidence spiral" given the state of Tesla's balance sheet, Michaeli said. Even if Musk were to stay on after settling or prevailing, the analyst believes the "reputational harm" from the suit "might still prevent the stock from immediately returning to 'normal.'" SUNTRUST UPGRADES LOWE'S TO BUY: SunTrust analyst Keith Hughes upgraded Lowe's (LOW) to Buy from Hold and raised his price target to $138 from $110. The analyst cites the company's latest Q2 earnings and the analyst meeting with its management suggesting an "internally focused" turnaround progressing at a "consistent pace" over the next 2-3 years. Hughes adds that even though the stock has recently turned higher, it could rise as much as 50% if the company could reclaim just half of the SG&A difference with Home Depot (HD). STIFEL STARTS ZYNGA WITH A BUY: Stifel analyst Drew Crum initiated Zynga (ZNGA) with a Buy rating and a price target of $5. The analyst cites the "favorable industry for mobile gaming", with annualized mobile gaming revenue expected to increase by 17%. Crum also cites his expectations of greater visibility on its game pipeline and further opportunities to improve adjusted EBITDA. WELLS DOWNGRADES CONTAINERSHIP NAMES: Wells Fargo analyst Michael Webber downgraded the Box Lessor and Containership group saying headwinds from both the International Maritime Organization 2020 fuel regulations and the impact of tariffs have created "significant downside risks" for the stocks. He downgraded Triton International (TRTN), CAI International (CAI) and Costamare (CMRE), all to Market Perform from Outperform, and cut Seaspan (SSW) and Textainer (TGH) to Underperform from Market Perform. He kept a Market Perform rating on Matson (MATX) with an unchanged price target of $35. EVERCORE BOOSTS NVIDIA PRICE TARGET: Evercore ISI analyst C.J. Muse said he believes investors are now more appreciative of Nvidia's (NVDA) opportunity in creating the AI industry standard and the company's "positive feedback loop" within deep learning. Longer-term, he sees tremendous growth opportunities led by the new Turing architecture, which further entrenches Nvidia's high-end gaming moat and presents a "meaningful" opportunity in Inference, Muse said. The analyst, who sees Nvidia being poised to grow EPS at a 30-35% CAGR through 2020 and beyond, raised his price target on the stock to $400 from $300 and kept an Outperform rating on the shares.
09/28/18
WELS
09/28/18
DOWNGRADE
Target $35
WELS
Market Perform
Triton International downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Michael Webber downgraded Triton International (TRTN) to Market Perform and lowered his price target for the shares to $35 from $44. The analyst downgraded the Box Lessor and Containership group saying headwinds from both the International Maritime Organization 2020 fuel regulations and the impact of tariffs have created "significant downside risks" for the stocks. The implementation of IMO 2020 fuel regulations will likely drive "significant losses" for most container lines, which will eventually weigh heavily on valuations and discount rates across the entire sector, Webber tells investors in a research note. Further, he believes higher fuel costs coupled with weaker container lines create trouble for the lessors. Along with Triton, Webber downgraded CAI International (CAI) and Costamare (CMRE) to Market Perform from Outperform and Seaspan (SSW) and Textainer (TGH) to Underperform from Market Perform. He keeps a Market Perform rating on Matson (MATX) with an unchanged price target of $35.
CCK Crown Holdings
$59.87

-0.59 (-0.98%)

04/22/19
DBAB
04/22/19
NO CHANGE
Target $65
DBAB
Buy
Crown Holdings price target raised to $65 from $60 at Deutsche Bank
Deutsche Bank analyst Debbie Jones raised her price target for Crown Holdings to $65 from $60 saying the company's Q1 results were a "good start to the year with robust beverage can demand." The analyst remains positive on the shares despite the Q2 outlook coming in a "tough light." She keeps a Buy rating on Crown Holdings.
01/16/19
MSCO
01/16/19
INITIATION
Target $49
MSCO
Equal Weight
Crown Holdings initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Neel Kumar started Crown Holdings with an Equal Weight rating and $49 price target. The analyst rolled out coverage of the Paper & Packaging sector with an In-Line view, though he believes the industry offers "favorable investment characteristics in the current economic environment." Short-term investor sentiment on Crown Holdings will likely be driven by the recent acquisition of Signode, Kumar tells investors in a research note. He believes the company needs to post "several quarters of solid performance" for the stock to perform well.
02/19/19
RBCM
02/19/19
NO CHANGE
Target $64
RBCM
Outperform
Crown Holdings price target raised to $64 from $58 at RBC Capital
RBC Capital analyst Arun Viswanathan raised his price target on Crown Holdings to $64 and kept his Outperform rating, noting that while the company is facing FX headwinds in the first half of 2019, its global beverage can business should remain robust and near the 4% growth level seen in 2018. The analyst adds that the company's recently acquired Signode business should show stable earnings with limited cyclicality, with further benefits coming from Crown Holdings' deleveraging efforts.
01/08/19
SBSH
01/08/19
NO CHANGE
SBSH
Citi adds Home Bancshares, Crown to 'Value Creators' SMID Focus List
Citi analyst Scott Chronert added Home Bancshares (HOMB) and Crown Holdings (CCK) to his firm's "Value Creators" SMID Focus List while removing Popular (BPOP) and Foot Locker (FL).
CSTM Constellium
$9.57

-0.02 (-0.21%)

11/28/18
DBAB
11/28/18
NO CHANGE
DBAB
Buy
Deutsche Bank opens 'Buy Catalyst Call' on Constellium
Deutsche Bank analyst Jeremy Kliewer opens a "Buy Catalyst Call" on Constellium saying the December 13 investor day should provide a catalyst as the Street increases estimates. The analyst expects the equity to outperform peers and the S&P 500 Index as management provides details on how EBITDA and free cash flow should increase.
10/30/18
SOCG
10/30/18
UPGRADE
SOCG
Buy
Constellium upgraded to Buy from Hold at Societe Generale
12/19/18
DBAB
12/19/18
NO CHANGE
Target $15
DBAB
Buy
Deutsche Bank closes short-term idea on Constellium
Deutsche Bank analyst Jeremy Kliewer closed his short-term idea on Constellium but remains "constructive" on the shares as a long term investment opportunity. The short term catalysts have occurred, including color on additional vehicle nominations ramping over the next couple of years and EBITDA guidance, Kliewer tells investors in a research note. The analyst, however, reiterates a Buy rating on Constellium with a $15 price target.
07/16/18
JEFF
07/16/18
INITIATION
Target $14
JEFF
Buy
Constellium initiated with a Buy at Jefferies
Jefferies analyst Martin Englert started Constellium with a Buy rating and $14 price target. Management has made notable progress improving the company's maturity schedule and deleveraging, Englert tells investors in a research note. He sees the deleveraging accelerating as the auto-related capacity ramps improve free cash flow.
FDX FedEx
$185.66

-2.31 (-1.23%)

04/26/19
UBSW
04/26/19
DOWNGRADE
UBSW
Sell
FedEx downgraded to Sell from Neutral at UBS
04/26/19
04/26/19
DOWNGRADE
Target $161

Sell
FedEx downgraded to Sell from Neutral at UBS
As previously reported, UBS analyst Thomas Wadewitz downgraded FedEx to Sell and lowered his price target to $161 from $171. The analyst says that the stock is still up 17% year-to-date after falling 4.5% yesterday and sees risk/reward on the shares as "negative", with risk to its earnings from Ground margin compression and Express Europe / TNT integration challenges that are "likely to persist."
04/01/19
04/01/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FedEx (FDX) downgraded to Hold from Buy at Berenberg with analyst Joel Spungin saying his in-depth review of European parcel markets suggests FedEx's integration of TNT "has some way to go." 2. Wells Fargo (WFC) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Brian Kleinhanzl saying "it's tough to sail a ship without a captain." 3. comScore (SCOR) downgraded to Perform from Outperform at Oppenheimer and to Hold from Buy at Loop Capital and SunTrust. 4. Kinder Morgan (KMI) and Oneok (OKE) downgraded to Hold from Buy at Jefferies. 5. Lennar (LEN) downgraded to Outperform from Strong Buy at Raymond James with analyst Buck Horne saying he remains constructive on Lennar's overall outlook, but is moderating his rating citing valuation following last weeks Q1 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/01/19
BREN
04/01/19
DOWNGRADE
BREN
Hold
FedEx downgraded to Hold from Buy at Berenberg
Berenberg analyst Joel Spungin downgraded FedEx (FDX) to Hold from Buy. The analyst's in-depth review of European parcel markets suggests FedEx's integration of TNT "has some way to go." Further, the company is exposed to some "lower-growth, more economically sensitive segments of the market than peers," Spungin tells investors in a research note. He believes a slowdown in international markets, "indigestion" from the TNT acquisition and higher costs in Ground mean FedEx's margin improvement "will take longer to come through." The analyst this morning also upgraded UPS (UPS) to Buy from Hold.
GATX GATX
$77.43

-0.97 (-1.24%)

08/31/18
MZHO
08/31/18
NO CHANGE
MZHO
Buy
Mizuho remains positive on rail equipment names GATX, Trinity
The overall backdrop for rail equipment continues to improve with good freight fundamentals, improving lease rates and still poor rail service, Mizuho analyst Kristine Kubacki tells investors in a research note. She believes the rail equipment cycle is still in the early innings and expects fleet utilization and rates to accelerate into 2019. The analyst keeps a Buy rating on shares of GATX (GATX) and Trinity Industries (TRN).
01/23/19
WELS
01/23/19
NO CHANGE
Target $90
WELS
Outperform
GATX price target lowered to $90 from $95 at Wells Fargo
Wells Fargo analyst Allison Poliniak-Cusic lowered her price target for GATX to $90 from $95 after the company reported "solid" Q4 results, but with the midpoint of 2019 guidance range coming in below expectations. The analyst believes the outlook was not as bad as some may have been expecting considering the tough asset sale comps, deferred maintenance, rising interest rates and incremental 11c/share lease accounting charge. However, she believes management's commentary on the North America leasing market had a disproportionate impact on shares and sentiment. The analyst reiterates an Outperform rating on the stock.
07/20/18
MZHO
07/20/18
NO CHANGE
Target $95
MZHO
Buy
GATX price target raised to $95 from $88 at Mizuho
Mizuho analyst Kristine Kubacki raised her price target for GATX to $95 citing the company's "solid" Q2 results. The analyst believes industry fundamentals are in the early stages of a recovery and is encouraged by positive freight trends and less available idle equipment. She reiterates a Buy rating on GATX.
06/29/18
06/29/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Construction Partners (ROAD) initiated with an Outperform at Imperial Capital. 2. Inovio (INO) assumed with an Overweight at Piper Jaffray. 3. GATX (GATX) initiated with a Buy at Mizuho. 4. Schneider National (SNDR) initiated with a Hold at Stifel. 5. Eloxx Pharmaceuticals (ELOX) initiated with a Buy at Canaccord. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
GNTX Gentex
$23.50

0.1 (0.43%)

12/28/18
BUCK
12/28/18
NO CHANGE
Target $32
BUCK
Buy
DOT approval a 'significant catalyst' for Stoneridge shares, says Buckingham
Buckingham analyst Glenn Chin reiterates a Buy rating on Stoneridge (SRI) with a $32 price target after the Department of Transportation approved the company's application for commercial vehicles to operate with the MirrorEye camera monitoring system in lieu of two rear-vision mirrors as previously required by law. The approval provides an exemption for the Stoneridge MirrorEye system only, and does not apply to competing camera monitoring systems, Chin tells investors in a research note. He believes the development provides Stoneridge with a "significant" competitive advantage in the U.S. Further, the approval provides a "significant catalyst" for Stoneridge shares and further reinforces the business case for customer adoption of MirrorEye, says the analyst. Alternatively, Chin expects competitor Gentex (GNTX) to come under pressure following the decision. He has an Underperform rating on those shares. Stoneridge is up 2% to $23.45 in morning trading while Gentex is down 9c to $19.99.
01/28/19
BMOC
01/28/19
NO CHANGE
BMOC
BorgWarner, Gentherm, Visteon, Autolive price targets raised at BMO Capital
BMO Capital analyst Richard Carlso is turning more bullish on the auto and mobility equipment industry, saying the sentiment from the most recent CES, Detroit Auto Show, and GM's (GM) Capital Markets Day events has shifted his outlook from "cautious" to "cautiously optimistic". The analyst attributes the snap-back rally in the sector stocks' prices to increased optimism over the impact of lingering trade issues and outlooks from companies that have so far updated on their Q4 performance, all of which suggested that the 2018-end declines were overextended. Carlson is raising his price target on Autoliv (ALV) to $84 from $79, on Gentex (GNTX) to $27 from $24, on Aptiv (APTV) to $84 from $74, on Veoneer (VNE) to $41 from $36, on BorgWarner (BWA) to $49 from $44, and on Visteon (VC) to $91 from $84.
02/05/19
LBOW
02/05/19
DOWNGRADE
LBOW
Neutral
Gentex downgraded to Neutral from Buy at Longbow
Longbow analyst Anthony Deem downgraded Gentex to Neutral.
02/05/19
02/05/19
DOWNGRADE

Neutral
Gentex downgraded to Neutral on slowing growth at Longbow
As previously reported, Longbow analyst Anthony Deem downgraded Gentex to Neutral from Buy, citing his view that growth over market is slowing in the near-term and the pressure he expects on gross margins from tariffs and price downs that are not fully offset by lower purchase costs. He also believes new products, such as dimmable glass, are unlikely to be material revenue generators for about 5 years, Deem tells investors.
IEX IDEX Corp.
$155.99

-0.44 (-0.28%)

01/03/19
RBCM
01/03/19
UPGRADE
Target $146
RBCM
Outperform
IDEX Corp. upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Deane Dray upgraded IDEX Corp to Outperform and raised his price target to $146 from $141.
01/04/19
RBCM
01/04/19
UPGRADE
RBCM
Outperform
IDEX Corp. upgraded to Outperform from Sector Perform at RBC Capital
03/29/19
JANY
03/29/19
DOWNGRADE
JANY
Neutral
IDEX Corp. downgraded to Neutral from Buy at Janney Montgomery Scott
01/04/19
RBCM
01/04/19
UPGRADE
Target $146
RBCM
Outperform
IDEX Corp. upgraded to Outperform from Sector Perform at RBC Capital
As reported earlier, RBC Capital analyst Deane Dray upgraded IDEX Corporation to Outperform and raised his price target to $146 from $141. The analyst cites the company's "top-quintile profitability, revenue growth, and free cash flow conversion", along with "significant" balance sheet optionality given its net leverage of just 0.6-times. Dray further notes that the recent selloff in IDEX share price has given the stock an "attractive relative valuation".
JBT John Bean Technologies
$114.19

-0.54 (-0.47%)

04/30/19
WLSD
04/30/19
DOWNGRADE
WLSD
Hold
John Bean Technologies downgraded to Hold at Wellington Shields
Wellington Shields downgraded John Bean Technologies to Hold from Gradually Accumulate.
05/01/19
WELS
05/01/19
NO CHANGE
Target $125
WELS
Outperform
John Bean Technologies price target raised to $125 from $115 at Wells Fargo
Wells Fargo analyst Allison Poliniak-Cusic raised her price target for John Bean Technologies to $125 from $115 following better-than-expected Q1 results. The analyst reiterates an Outperform rating on the shares.
02/27/19
WELS
02/27/19
NO CHANGE
Target $110
WELS
Outperform
John Bean Technologies price target raised to $110 from $90 at Wells Fargo
Wells Fargo analyst Allison Poliniak-Cusic raised her price target for John Bean Technologies to $110 from $90 following a "solid" end to 2018, which saw positive core sales growth in both FoodTech and AeroTech, as well as a reacceleration in order trends. The analyst reiterates an Outperform rating on the shares.
02/12/19
02/12/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Rio Tinto (RIO) upgraded to Buy from Neutral at Goldman Sachs. 2. Petrobras (PBR) upgraded to Buy from Neutral at UBS with analyst Luiz Carvalho saying the new CEO brings a new mindset and Carvalho cites the two main pillars of his investment case, namely production growth and deleveraging. 3. TriNet (TNET) upgraded to Outperform from Market Perform at William Blair with analyst Timothy McHugh saying he views the current valuation multiple, at 16 times price-to-earning and 9.8 times EBITDA, as reasonable. 4. Evergy (EVRG) upgraded to Buy from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith saying management's buyback plans support 6%-8% earnings growth, which is not reflected in valuation. 5. John Bean Tech (JBT) upgraded to Gradually Accumulate from Hold at Wellington Shields. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
KEX Kirby
$85.10

0.205 (0.24%)

04/24/19
WELS
04/24/19
NO CHANGE
Target $80
WELS
Market Perform
Kirby price target raised to $80 from $74 at Wells Fargo
Wells Fargo analyst Michael Webber raised his price target for Kirby to $80 from $74 ahead of quarterly results. The analyst reiterates a Market Perform rating on the shares as he thinks the current valuation already implies healthy inland pricing growth, and the lingering impact of the Q1 rebound in OFS sentiment via the company's Permian-levered DES segment.
01/25/19
BTIG
01/25/19
INITIATION
BTIG
Neutral
Kirby initiated with a Neutral at BTIG
BTIG analyst Greg Lewis initiated Kirby with a Neutral rating, saying that while the company's inland barge market has turned the corner following a multi-year downturn, the uncertainty around its Distribution and Services businesses should remain a headwind in the near term. The analyst also notes Kirby's valuation multiple of 22-times his expected forward earnings, which is already 15% below consensus, while its historical multiple relative to forward earnings is 19- to 21-times.
05/03/19
05/03/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Domtar (UFS) upgraded to Buy from Neutral at Goldman Sachs with analyst Brian Maguire saying the current valuation on the stock marks an attractive entry point. 2. Kirby (KEX) upgraded to Buy from Underperform at BofA/Merrill with analyst Ken Hoexter stating shares have been under pressure due to overcapacity in the barging market. 3. Walmart (WMT) upgraded to Outperform from Market Perform at Bernstein with analyst Brandon Fletcher saying that while he thinks Walmart has not been able to return to its full potential for decades, the fully realized vision of what Walmart could be is "so fantastic that, if it even accidentally leans in the right direction," it could create an outsized investment return over several years. 4. Seagate (STX) upgraded to Buy from Hold at Argus with analyst Jim Kelleher stating the company looks to be "closer" to the end of the downturn in its end markets and he expects its "revitalized portfolio" to be well positioned once demand recovers. 5. Tilray (TLRY) upgraded to Hold from Underperform at Jefferies with analyst Owen Bennett saying that while he remains cautious on Tilray's outlook, "this now appears to be much better appreciated by the market" at current valuation levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/03/19
BOFA
05/03/19
UPGRADE
BOFA
Buy
Kirby upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill Ken Hoexter upgraded Kirby to Buy from Underperform with a $95 price target saying shares have been under pressure due to overcapacity in the barging market. The analyst said Kirby has been expanding services in its Distribution & Services segment and scaling oil field services. He now expects the core barging business to inflect and believes shares are positioned for a rebound.
KOP Koppers Holdings
$28.99

-0.36 (-1.23%)

08/13/18
BRRR
08/13/18
INITIATION
Target $61
BRRR
Outperform
Koppers Holdings re-established with an Outperform at Barrington
Barrington analyst Chris Howe re-established coverage of Koppers Holdings with an Outperform rating and $61 price target. The analyst believes the company will continue to see the benefit from the positive economic trends within its Carbon Materials and Chemicals segment and its recent acquisitions.
10/16/18
GHSC
10/16/18
INITIATION
Target $42
GHSC
Buy
Koppers Holdings initiated with a Buy at Seaport Global
Seaport Global analyst Michael Harrison initiated Koppers Holdings with a Buy and $42 price target. Harrison sees improving 2019 results from improving costs from copper intermediate raw materials, better operating efficiency in the Carbon Materials and Chemicals segment, and synergies from this year's Cox acquisition.
11/13/18
MONN
11/13/18
UPGRADE
MONN
Buy
Koppers Holdings upgraded to Buy from Neutral at Monness Crespi
11/13/18
11/13/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Veritone (VERI) upgraded to Neutral from Sell at B. Riley FBR with analyst Sameet Sinha citing the company's better than expected Q3 results and increased business visibility for the upgrade to Neutral. 2. Nvidia (NVDA) upgraded to Positive from Neutral at Susquehanna while Xilinx (XLNX) was upgraded to Positive from Neutral. 3. Koppers Holdings (KOP) upgraded to Buy from Neutral at Monness Crespi. 4. Southwestern Energy (SWN) upgraded to Neutral from Underperform at BofA/Merrill with analyst Doug Leggate saying U.S. natural gas prices have lifted by 50c in the past 3 weeks and $1 since September as cold weather forecasts have been updated. 5. SailPoint (SAIL) upgraded to Buy from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LII Lennox
$270.97

-1.13 (-0.42%)

04/23/19
VERT
04/23/19
DOWNGRADE
VERT
Sell
Lennox downgraded to Sell from Hold at Vertical Research
Vertical Research analyst Jeffrey Sprague downgraded Lennox to Sell from Hold, stating that he sees the valuation as "stretched" and believes consolidation looks unlikely in the near-term.
04/23/19
WELS
04/23/19
NO CHANGE
Target $250
WELS
Market Perform
Lennox price target raised to $250 from $242 at Wells Fargo
Wells Fargo analyst Deepa Raghavan raised her price target for Lennox to $250 from $242 following quarterly results. The analyst reiterates a Market Perform rating on the shares.
04/23/19
LEHM
04/23/19
NO CHANGE
Target $291
LEHM
Overweight
Lennox price target raised to $291 from $270 at Barclays
Barclays analyst Julian Mitchell raised his price target for Lennox International to $291 from $270 citing the company's "strong" operational execution in Q1. Lennox showed that for replacement-centric businesses, domestic demand remains healthy, Mitchell tells investors in a post-earnings research note. He keeps an Overweight rating on the shares.
04/16/19
BARD
04/16/19
DOWNGRADE
Target $272
BARD
Neutral
Lennox downgraded to Neutral ahead of historically 'choppier' period at Baird
Baird analyst Timothy Wojs downgraded Lennox to Neutral from Outperform, noting that the stock's valuation has reached multi-year highs ahead of the April-September period, which has choppier historical returns. The median outperformance for Lennox shares from October-March is about 15%, while median returns from April-September are modestly negative since 2001, noted Wojs. While he believes fundamentals remain healthy, Wojs thinks the stock's valuation adequately reflects Lennox's growth prospects. However, he raised his price target on Lennox shares to $272 from $246.
MNTX Manitex
$7.40

-0.1 (-1.33%)

MOG.A Moog
$93.49

-1.475 (-1.55%)

11/14/18
BOFA
11/14/18
UPGRADE
Target $94
BOFA
Buy
Moog upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst Kristine Liwag upgraded Moog to Buy from Underperform and raised its price target to $94 from $75 following the strong Q4 report with healthy top-line growth. Liwag said Moog is benefiting from the ramp in commercial and military OEM production ramps and the company said it saw margin stabilization. The analyst was previously concerned about operational issues but views the decision to exit the wind pitch control business as a positive.
NAV Navistar
$33.75

-0.345 (-1.01%)

05/06/19
LBOW
05/06/19
DOWNGRADE
LBOW
Neutral
Navistar downgraded to Neutral from Buy at Longbow
03/06/19
CLVD
03/06/19
NO CHANGE
CLVD
Neutral
Navistar guidance seems 'achievable/beatable,' says Cleveland Research
Cleveland Research analyst Adam Uhlman reiterated a Neutral rating on Navistar ahead of the company's Q1 earnings on Friday, telling investors in a research note that he continues to see upside to Navistar's market share in 2019 as it still has some production slots available, supported by its addition of a second shift at Escobedo. Additionally, he notes that the company has guided to a 100bp improvement in share in FY19, which he says "seems achievable/beatable," given the momentum seen in Q1. Over the medium term, Uhlman says he remains bullish on the shares as market share growth and JV purchasing synergies opportunities remain significant, while a potential acquisition of Navistar by Traton is an additional upside catalyst to the shares.
03/14/19
BARD
03/14/19
NO CHANGE
Target $53
BARD
Outperform
Navistar pullback on TRATON IPO pause a buying opportunity, says Baird
Baird analyst David Leiker attributed yesterday's weakness in shares of Navistar (NAV) to news that TRATON, Volkswagen's (VLKAY) truck and bus unit, had suspended its IPO plans. Although he notes there has been speculation over time that TRATON would eventually make an outright offer for Navistar, Leiker thinks it was hard to argue prior to the slide that any takeout premium was embedded in Navistar's valuation and so the selloff "makes little sense." The analyst, who thinks Navistar is worth owning in light of strong market share gains, margin expansion, and cash flow improvement, keeps an Outperform rating and $53 price target on the stock.
04/02/19
JPMS
04/02/19
NO CHANGE
JPMS
March Class 8 truck orders drop 66% year-over-year, says JPMorgan
According to ACT Research, Class 8 net orders in March were 15,700 units, down 66% year-over-year, JPMorgan analyst Ann Duignan tells investors in a research note. The analyst points out that truck orders have the largest incremental impact on Navistar (NAV), Paccar (PCAR), Cummins (CMI), Eaton (ETN), Wabco (WBC) and Allison Transmission (ALSN).
SEE Sealed Air
$44.36

-0.655 (-1.46%)

02/08/19
VERT
02/08/19
DOWNGRADE
VERT
Hold
Sealed Air downgraded to Hold from Buy at Vertical Research
02/11/19
BMOC
02/11/19
NO CHANGE
Target $47
BMOC
Outperform
Sealed Air price target raised to $47 from $40 at BMO Capital
BMO Capital analyst Mark Wilde raised his price target on Sealed Air to $47 and kept his Outperform rating after its "encouraging" Q4 results with solid volume Food Care and "strong contribution from the AFP acquisition in Product Care". The analyst notes that while the stock is up 23% this year, there is potential for further upside as its restructuring program is generating "early results."
02/15/19
RBCM
02/15/19
NO CHANGE
Target $43
RBCM
Sector Perform
Sealed Air price target raised to $43 from $37 at RBC Capital
RBC Capital analyst Arun Viswanathan raised his price target on Sealed Air to $43 after its Q4 earnings beat, saying the company's operational improvements are helping margins even though its first half FX headwinds may offset the benefits. Viswanathan is keeping his Sector Perform rating on the stock and calling for "improvement in Product Care demand and volume" before turning more "constructive" on the shares.
02/08/19
BARD
02/08/19
NO CHANGE
Target $50
BARD
Outperform
Baird ups Sealed Air price target to $50, says turnaround underway
Baird analyst Ghansham Panjabi raised his price target on Sealed Air to $50 from $41 as the self-improvement dynamic in context of lower raw material costs and stable-end market volumes sums to an attractive investment profile. The analyst believes the guidance was likely conservative as he sees momentum heading into 2019. Panjabi reiterated his Outperform rating on Sealed Air shares.
SON Sonoco
$63.89

-0.14 (-0.22%)

04/16/19
VERT
04/16/19
DOWNGRADE
VERT
Sell
Sonoco downgraded to Sell from Hold at Vertical Research
04/24/19
04/24/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Eli Lilly (LLY) upgraded to Buy from Hold at Edward Jones. 2. Snap (SNAP) upgraded to In Line from Underperform at Evercore ISI and to Neutral from Underweight at JPMorgan. 3. Best Buy (BBY) upgraded to Buy from Hold at Jefferies with analyst Jonathan Matuszewski saying survey and data work suggest Best Buy's greater push toward services will drive long-term value and customer wallet share. 4. Procter & Gamble (PG) upgraded to Overweight from Equal Weight at Barclays with analyst Lauren Lieberman saying the market is shrugging off Procter & Gamble's 5% organic sales growth in its fiscal Q3, with many investors thinking this is the best it can get. 5. Sonoco (SON) upgraded to Buy from Hold at Argus with analyst David Coleman saying the stock has outperformed over the past 3 months, benefiting from its "accretive acquisitions, favorable pricing, improvements in productivity, and a lower effective tax rate." This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/19
04/24/19
UPGRADE
Target $68

Buy
Sonoco upgraded to Buy from Hold at Argus
As previously reported, Argus analyst David Coleman upgraded Sonoco Products to Buy with a price target of $68. The analyst says the stock has outperformed over the past 3 months, benefiting from its "accretive acquisitions, favorable pricing, improvements in productivity, and a lower effective tax rate." Coleman adds that given the pullback in the stock price since the company reported below-consensus Q1 sales, Sonoco Products shares appear to be "favorably valued" at current levels.
04/24/19
ARGS
04/24/19
UPGRADE
ARGS
Buy
Sonoco upgraded to Buy from Hold at Argus
SSW Seaspan
$9.87

-0.43 (-4.17%)

09/28/18
WELS
09/28/18
DOWNGRADE
Target $5.5
WELS
Underperform
Seaspan downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo analyst Michael Webber downgraded Seaspan to Underperform and lowered his price target for the shares to $5.50 from $8. The analyst downgraded the Box Lessor and Containership group saying headwinds from both the International Maritime Organization 2020 fuel regulations and the impact of tariffs have created "significant downside risks" for the stocks. The implementation of IMO 2020 fuel regulations will likely drive "significant losses" for most container lines, which will eventually weigh heavily on valuations and discount rates across the entire sector, Webber tells investors in a research note. Further, he believes higher fuel costs coupled with weaker container lines create trouble for the lessors.
09/20/18
09/20/18
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. Seaspan (SSW) downgraded to Hold from Buy at Deutsche Bank with analyst Amit Mehrotra citing the recent strong performance of the shares and increased risk from the trade war between China and the U.S. 2. Bruker (BRKR) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Steve Beuchaw citing three company-specific leading indicators that he says point to a slower revenue outlook. 3. Stitch Fix (SFIX) downgraded to Neutral from Overweight at Piper Jaffray with analyst Erinn Murphy citing valuation. 4. Nutrien (NTR) downgraded to Outperform from Focus List at Scotiabank. 5. JD.com (JD) downgraded to Underperform from Outperform at CLSA with the firm lowering its price target to $29 and saying the second half will remain challenging. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SWK Stanley Black & Decker
$146.41

-6.72 (-4.39%)

03/22/19
LBOW
03/22/19
UPGRADE
Target $160
LBOW
Buy
Stanley Black & Decker upgraded to Buy on Craftsman deal benefits at Longbow
As previously reported, Longbow analyst David Macgregor upgraded Stanley Black & Decker to Buy from Neutral citing his analysis of its opportunity with the Craftsman brand through 2022. Macgregor forecasts that the investment in Craftsman and associated initiatives are capable of driving over $1.1B of 2022 revenue and 94c in incremental adjusted EPS and views the company as well-positioned to hit their targeted $12B-$14B of 2022 Tools & Storage revenue. He also views the shares as oversold and would recommend a more aggressive purchase on any weakness around the Q1 earnings report, said Macgregor, who has a $160 price target on Stanley Black & Decker shares.
04/25/19
JPMS
04/25/19
NO CHANGE
Target $160
JPMS
Overweight
Stanley Black & Decker price target raised to $160 from $133 at JPMorgan
JPMorgan analyst Michael Rehaut raised his price target for Stanley Black & Decker to $160 from $133 saying he remains encouraged by the company's "continued solid top-line execution" following its Q1 results. Further, the analyst expects "incremental visibility" to emerge surrounding a multi-year margin improvement opportunity as part of Stanley's May 16 investor day. Rehaut keeps an Overweight rating on the shares.
04/29/19
WELS
04/29/19
NO CHANGE
Target $160
WELS
Outperform
Stanley Black & Decker price target raised to $160 from $148 at Wells Fargo
Wells Fargo raised its price target for Stanley Black & Decker to $160 from $148 following a "solid" operating quarter and prudent guide. The firm reiterates an Outperform rating on the shares.
04/16/19
VERT
04/16/19
NO CHANGE
VERT
Stanley Black & Decker removed from top picks list at Vertical Research
TEL TE Connectivity
$93.70

-1.94 (-2.03%)

12/04/18
JEFF
12/04/18
INITIATION
Target $84
JEFF
Hold
TE Connectivity initiated with a Hold at Jefferies
Jefferies analyst David Kelley started TE Connectivity with a Hold rating and $84 price target. The analyst sees a "speed bump" in 2019 as production volatility negatively impacts results in the first half of 2019.
11/01/18
RHCO
11/01/18
NO CHANGE
Target $82
RHCO
Hold
TE Connectivity price target lowered to $82 from $104 at SunTrust
SunTrust analyst William Stein lowered his price target on TE Connectivity to $82 and kept his Hold rating, saying that although the company's Q3 results were solid, its FY19 guidance may require another cut. The analyst believes that the management's 3% organic growth outlook may be too high in light of the current macro conditions, even though he is positive on the TE Connectivity's overall execution - particularly in its out-performing auto production segment.
03/18/19
JEFF
03/18/19
NO CHANGE
Target $62
JEFF
Buy
Jefferies boosts price targets for Sensata, TE Connectivity
Interior sensors are an underappreciated auto tech growth segment, Jefferies analyst David Kelley tells investors in a research note. With synergies across less cyclical non-auto markets, suppliers with sensor exposure, Sensata Technologies (ST) TE Connectivity ((TEL), are "worth a revisit given favorable scarcity value in the event of prolonged auto downturn," adds the analyst. He remains bullish on Buy-rated Sensata and boosted his price target for the shares to $62 from $59. The analyst boosted his target for TE Connectivity to $84 from $79 but keeps a Hold rating on the shares citing a "tough fiscal comp hurdle."
03/28/19
MSCO
03/28/19
NO CHANGE
MSCO
Infineon warning a 'reality check' for semiconductor group, says Morgan Stanley
Morgan Stanley analyst Craig Hettenbach noted that Infineon cut its FY19 revenue guidance by around 3.5% yesterday, citing elevated inventory in China autos and distribution broadly. Hettenbach calls the negative pre-announcement "an important reality check for semis" that calls into question recently building optimism for a second half rebound. Hettenbach maintains a Cautious view on Semis as a group and lists Sensata (ST), NXP Semiconductors (NXPI), TE Connectivity (TEL), Cypress Semiconductor (CY) and ON Semiconductor (ON) as stocks he covers that have meaningful exposure to autos.
TEX Terex
$32.65

0.06 (0.18%)

12/03/18
OTRG
12/03/18
DOWNGRADE
OTRG
Negative
Terex downgraded to Negative from Mixed at OTR Global
02/26/19
MSCO
02/26/19
NO CHANGE
Target $35
MSCO
Equal Weight
Terex pivot to higher quality businesses removes overhang, says Morgan Stanley
After Terex announced the sale of its Demag Mobile Cranes business, Morgan Stanley analyst Courtney Yakavonis said the company's pivot toward its higher quality Aerial Work Platforms and "often-overlooked" Materials Processing businesses likely removes a significant overhang. While investors may find Terex easier to own in the absence of persistent Cranes-related volatility, Yakavonis thinks they will likely need to see incremental evidence of execution in order to step in longer-term and she maintains an Equal Weight rating on Terex shares.
02/26/19
WELS
02/26/19
NO CHANGE
Target $37
WELS
Market Perform
Terex price target raised to $37 from $32 at Wells Fargo
Wells Fargo analyst Andrew Casey raised his price target for Terex to $37 from $32 as he continues to view the company's investment case as a multiyear internal improvement story, with management taking another step down its path to improve over-all returns through the announced divestiture of its Demag all-terrain cranes business an exit from certain Crane products previously manufactured at its Oklahoma City facility. The analyst reiterates a Market Perform rating on the shares.
04/23/19
UBSW
04/23/19
DOWNGRADE
Target $37
UBSW
Neutral
Terex downgraded to Neutral from Buy at UBS
UBS analyst Steven Fisher downgraded Terex to Neutral from Buy and lowered his price target for the shares to $37 from $50. The company is entering the "later innings of self-help" and its non-residential markets are slowing, Fisher tells investors in a research note.

TODAY'S FREE FLY STORIES

MDT

Medtronic

$89.02

1.22 (1.39%)

, HRL

Hormel Foods

$39.48

-0.33 (-0.83%)

20:25
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05/22
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MDT

Medtronic

$89.02

1.22 (1.39%)

HRL

Hormel Foods

$39.48

-0.33 (-0.83%)

BBY

Best Buy

$69.26

-0.68 (-0.97%)

BJ

BJ's Wholesale

$26.50

0.94 (3.68%)

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HFC

HollyFrontier

$42.69

-1.45 (-3.29%)

20:19
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Periodicals
Breaking Periodicals news story on HollyFrontier »

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PS

Pluralsight

$33.43

-0.58 (-1.71%)

, MSFT

Microsoft

$127.67

0.77 (0.61%)

20:04
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05/22
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20:04
Recommendations
Pluralsight, Microsoft analyst commentary at First Analysis »

Meetings with Pluralsight…

PS

Pluralsight

$33.43

-0.58 (-1.71%)

MSFT

Microsoft

$127.67

0.77 (0.61%)

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GTE

Gran Tierra

$2.09

-0.03 (-1.42%)

19:28
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Hot Stocks
Gran Tierra confirms award of 3 Ecuador blocks with 140K acre total area »

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PGR

Progressive

$80.47

0.44 (0.55%)

19:10
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Progressive's Sieger sells 7,500 common shares »

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03/08/13
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CRM

Salesforce

$157.60

1.83 (1.17%)

19:05
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Salesforce Ventures launches $125M Europe Trailblazer Fund »

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MRCY

Mercury Systems

$70.96

0.08 (0.11%)

19:05
05/22/19
05/22
19:05
05/22/19
19:05
Syndicate
Mercury Systems 6M share Secondary priced at $69.00 »

The deal size was…

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  • 05

    Jun

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RNG

RingCentral

$122.58

0.14 (0.11%)

18:57
05/22/19
05/22
18:57
05/22/19
18:57
Hot Stocks
RingCentral CEO: We have an all in one solution for business communications »

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  • 28

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  • 05

    Jun

  • 13

    Nov

LB

L Brands

$24.29

1.605 (7.08%)

, VIPS

Vipshop

$7.75

0.095 (1.24%)

18:53
05/22/19
05/22
18:53
05/22/19
18:53
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: L…

LB

L Brands

$24.29

1.605 (7.08%)

VIPS

Vipshop

$7.75

0.095 (1.24%)

CPRT

Copart

$64.99

-0.91 (-1.38%)

CTRP

Ctrip

$37.78

-0.09 (-0.24%)

SNPS

Synopsys

$115.10

-0.63 (-0.54%)

AVP

Avon Products

$4.07

0.875 (27.39%)

GILD

Gilead

$67.25

0.73 (1.10%)

IOVA

Iovance Biotherapeutics

$17.71

1.5 (9.25%)

AMGN

Amgen

$173.23

3.61 (2.13%)

NTAP

NetApp

$62.58

-7.43 (-10.61%)

SCVL

Shoe Carnival

$29.65

-2.6 (-8.06%)

HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

SBLK

Star Bulk Carriers

$8.13

-0.13 (-1.57%)

ONVO

Organovo

$0.78

-0.158 (-16.84%)

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  • 22

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  • 22

    May

  • 22

    May

  • 22

    May

  • 23

    May

  • 23

    May

  • 23

    May

  • 23

    May

  • 23

    May

  • 31

    May

  • 03

    Jun

  • 06

    Jun

  • 10

    Jun

  • 10

    Jun

  • 13

    Jun

  • 09

    Jul

  • 16

    Jul

  • 17

    Jul

  • 26

    Sep

  • 27

    Sep

HMC

Honda

$25.54

-0.17 (-0.66%)

, TKTDY

Takata

$0.00

(0.00%)

18:53
05/22/19
05/22
18:53
05/22/19
18:53
Hot Stocks
Honda to recall about 19,000 vehicles in the U.S. over faulty inflator kits »

Honda (HMC) will…

HMC

Honda

$25.54

-0.17 (-0.66%)

TKTDY

Takata

$0.00

(0.00%)

03/08/13
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  • 05

    Jun

DSNKY

Daiichi Sankyo

$0.00

(0.00%)

18:39
05/22/19
05/22
18:39
05/22/19
18:39
Periodicals
Breaking Periodicals news story on Daiichi Sankyo »

Daiichi Sankyo in talks…

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  • 31

    May

SPOT

Spotify

$127.10

-5.06 (-3.83%)

18:27
05/22/19
05/22
18:27
05/22/19
18:27
Periodicals
Spotify resets some users' passwords over 'suspicious activity,' TechCrunch says »

Spotify has informed an…

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IDXX

Idexx Laboratories

$250.45

1.24 (0.50%)

18:20
05/22/19
05/22
18:20
05/22/19
18:20
Hot Stocks
Idexx Laboratories CEO: We're at the beginning of our runway for growth »

In an interview on…

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  • 05

    Jun

OMC

Omnicom

$79.79

-0.3 (-0.37%)

18:15
05/22/19
05/22
18:15
05/22/19
18:15
Hot Stocks
Omnicom CEO sells 60.5K shares of common stock »

In a regulatory filing,…

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BSX

Boston Scientific

$37.74

0.04 (0.11%)

18:12
05/22/19
05/22
18:12
05/22/19
18:12
Hot Stocks
Boston Scientific initiates trial of WATCHMAN FLX appendage closure platform »

Boston Scientific has…

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  • 29

    May

  • 26

    Jun

  • 13

    Nov

CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:03
05/22/19
05/22
18:03
05/22/19
18:03
Hot Stocks
Ctrip reports Q1 gross margin 79% vs. 82% a year ago »

Remained consistent with…

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  • 22

    May

  • 23

    May

CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:02
05/22/19
05/22
18:02
05/22/19
18:02
Earnings
Breaking Earnings news story on Ctrip »

Ctrip sees Q2 net revenue…

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  • 22

    May

  • 23

    May

CTRP

Ctrip

$37.63

-0.24 (-0.63%)

18:01
05/22/19
05/22
18:01
05/22/19
18:01
Earnings
Ctrip reports Q1 adjusted EPS 44c, consensus 24c »

Reports Q1 revenue $1.2B,…

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  • 22

    May

  • 23

    May

CE

Celanese

$100.10

-0.18 (-0.18%)

18:01
05/22/19
05/22
18:01
05/22/19
18:01
Hot Stocks
Celanese announces acetyls product price increases »

Celanese Corporation will…

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XRAY

Dentsply Sirona

$54.64

-0.25 (-0.46%)

17:57
05/22/19
05/22
17:57
05/22/19
17:57
Hot Stocks
Dentsply Sirona CFO Alexos to leave company in connection with relocation »

In a regulatory filing,…

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  • 22

    May

  • 05

    Jun

SIM

Grupo Simec

$9.23

(0.00%)

17:55
05/22/19
05/22
17:55
05/22/19
17:55
Hot Stocks
Grupo Simec receives noncompliance notification from NYSE »

Grupo Simec announced…

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CPRT

Copart

$64.78

-1.12 (-1.70%)

17:51
05/22/19
05/22
17:51
05/22/19
17:51
Earnings
Copart reports Q3 adjusted EPS 66c, consensus 62c »

Reports Q3 revenue…

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  • 23

    May

  • 03

    Jun

NVS

Novartis

$83.94

1.555 (1.89%)

17:51
05/22/19
05/22
17:51
05/22/19
17:51
Periodicals
Novartis CEO sees Zolgensma price 'far lower' than $4M-$5M range, Reuters says »

Novartis CEO Vas…

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  • 23

    May

  • 31

    May

PCG

PG&E

$19.00

0.55 (2.98%)

17:45
05/22/19
05/22
17:45
05/22/19
17:45
Periodicals
PG&E to remain in control of bankruptcy until September 29, WSJ reports »

PG&E will remain in…

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  • 21

    Jun

OBLN

Obalon Therapeutics

$1.24

0.842 (211.56%)

17:41
05/22/19
05/22
17:41
05/22/19
17:41
Hot Stocks
Obalon Therapeutics discloses resignation of CEO »

In a regulatory 8-K…

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