Breaking News Instant updates and real-time market news.

FLR

Fluor

$28.75

0.39 (1.38%)

, GDI

Gardner Denver

$33.49

-0.6 (-1.76%)

10:04
05/07/19
05/07
10:04
05/07/19
10:04

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Fluor (FLR) downgraded to Neutral from Buy at Goldman Sachs with analyst Jerry Revich seeing an unclear medium-term margin outlook amid the company's CEO transition and further project writedowns in Q1. 2. Gardner Denver (GDI) downgraded to Neutral from Buy at UBS with analyst Damian Karas downgraded saying the shares are due for a "breather" following the recent run. 3. Boeing (BA) downgraded to Equal Weight from Overweight at Barclays with analyst David Strauss expecting the recovery of 737 Max production to take longer than expected. 4. Discover (DFS) downgraded to Perform from Outperform at Oppenheimer with analyst Dominick Gabriele seeing limited upside in the shares following the rally year-to-date now that his estimates are in-line with the consensus. 5. Cambrex (CBM) downgraded to Outperform from Strong Buy at First Analysis with analyst Steven Schwartz saying the company's valuation multiple is now in-line with peers following the recent share price appreciation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

FLR

Fluor

$28.75

0.39 (1.38%)

GDI

Gardner Denver

$33.49

-0.6 (-1.76%)

BA

Boeing

$365.03

-1.37 (-0.37%)

DFS

Discover

$80.91

-1.11 (-1.35%)

CBM

Cambrex

$46.62

-0.6 (-1.27%)

  • 09

    May

  • 16

    May

  • 28

    May

  • 29

    May

  • 05

    Jun

  • 05

    Jun

  • 11

    Jun

  • 12

    Jun

  • 13

    Jun

  • 13

    Nov

FLR Fluor
$28.75

0.39 (1.38%)

05/07/19
DADA
05/07/19
NO CHANGE
Target $32
DADA
Neutral
Fluor price target lowered to $32 from $43 at DA Davidson
DA Davidson analyst Brent Thielman lowered his price target on Fluor to $32 and kept his Neutral rating after its Q1 earnings miss, a cut in its FY19 guidance, and a management transition disclosed last week. The analyst says the new CEO inherits "ongoing problem projects", some of which have existed for over a year, adding that convincing investors that Fluor's expanding backlog is "not a liability" will be key. Thielman intends to monitor for the new management to announce new strategies that Fluor may pursue to generate more consistent profitability.
05/03/19
SBSH
05/03/19
NO CHANGE
Target $37
SBSH
Buy
Fluor price target lowered to $37 from $56 at Citi
Citi analyst Andrew Kaplowitz lowered his price target for Fluor to $37 from $56 following the company's Q1 results to reflect slower energy related revenue burn, lower government related revenue in 2020 and lower margin assumptions. The analyst keeps a Buy rating on the shares but sees potential for ongoing execution issues and a "more muted" end market related recovery moving forward
05/07/19
GSCO
05/07/19
DOWNGRADE
GSCO
Neutral
Fluor downgraded to Neutral from Buy at Goldman Sachs
05/07/19
GSCO
05/07/19
DOWNGRADE
Target $28
GSCO
Neutral
Goldman downgrades Fluor to Neutral on unclear margin outlook
Goldman Sachs analyst Jerry Revich downgraded Fluor to Neutral from Buy and lowered his price target for the shares to $28 from $44. Amid the company's CEO transition and further project writedowns in Q1, the analyst sees an unclear medium-term margin outlook. He says his view of a cyclical margin recovery proved to be wrong. Revich cut his price target for the shares to $28 from $44.
GDI Gardner Denver
$33.49

-0.6 (-1.76%)

05/01/19
DBAB
05/01/19
UPGRADE
Target $136
DBAB
Buy
Deutsche Bank upgrades Ingersoll-Rand to Buy with $136 price target
Deutsche Bank analyst Nicole DeBlase upgraded Ingersoll-Rand (IR) to Buy from Hold and raised her price target for the shares to $136 from $107. The analyst also raised her price target on Hold-rated Gardner Denver (GDI) to $35 from $30. The deal combining Gardner Denver with Ingersoll-Rand's Industrial segment makes strategic sense and creates clear cost synergy opportunities, DeBlase tells investors in a research note. The analyst sees 11% upside to Ingersoll-Rand''s share price as the market comes to value Climate appropriately. She does not believe the current share price properly reflects the value of its Climate company.
05/01/19
FBCO
05/01/19
NO CHANGE
Target $36
FBCO
Outperform
Gardner Denver price target raised to $36 from $31 at Credit Suisse
Credit Suisse analyst John Walsh raised his price target for Gardner Denver to $36 from $31 on accelerating transformation. The analyst reiterates an Outperform rating on the shares.
05/07/19
UBSW
05/07/19
DOWNGRADE
UBSW
Neutral
Gardner Denver downgraded to Neutral from Buy at UBS
05/07/19
UBSW
05/07/19
DOWNGRADE
Target $38
UBSW
Neutral
UBS downgrades Gardner Denver to Neutral, says shares due for 'breather'
UBS analyst Damian Karas downgraded Gardner Denver to Neutral from Buy while raising his price target for the shares to $38 from $31. The shares are due for a "breather" following the recent run as benefits from the Ingersoll-Rand (IR) deal are now largely priced in, Karas tells investors in a research note.
BA Boeing
$365.03

-1.37 (-0.37%)

05/01/19
OPCO
05/01/19
NO CHANGE
Target $23
OPCO
Outperform
Sabre price target lowered to $23 from $28 at Oppenheimer
Oppenheimer analyst Jed Kelly lowered his price target for Sabre (SABR) to $23 from $28 after the company reduced its 2019 revenue/free cash flow by 1%/6% from Jet Airways suspending operations and two PSS clients impacted by Boeing's (BA) 737 Max groundings. The analyst reiterates an Outperform rating on Sabre's shares.
05/07/19
LEHM
05/07/19
DOWNGRADE
Target $367
LEHM
Equal Weight
Barclays sees longer recovery for 737 Max, downgrades Boeing to Equal Weight
Barclays analyst David Strauss downgraded Boeing to Equal Weight from Overweight and lowered his price target for the shares to $367 from $417. The stock closed yesterday down $4.86 to $371.60. The analyst expects the recovery of 737 Max production to take longer than expected and his 2019-2020 earnings and free cash flow estimates are well below consensus as a result. Further, a survey indicates a large portion of fliers are likely to avoid 737 MAX for an extended period beyond when the grounding is lifted, Strauss tells investors in a research note. Social media and fliers' ability to know the aircraft type in advance of booking brings greater risk to 737 Max relative to prior incidents, says the analyst.
05/07/19
RHCO
05/07/19
NO CHANGE
Target $54
RHCO
Buy
Ducommun price target raised to $54 from $48 at SunTrust
SunTrust analyst Michael Ciarmoli raised his price target on Ducommun (DCO) to $54 and kept his Buy rating after its Q1 earnings beat and record margins. The analyst notes that the sales mix and rate increases generated additional tailwinds for the company in the quarter, but he also expects these trends to be sustainable. Ciarmoli adds that the risks related to the Boeing (BA) 737 Max grounding "appear to be manageable."
05/07/19
LEHM
05/07/19
DOWNGRADE
LEHM
Equal Weight
Boeing downgraded to Equal Weight from Overweight at Barclays
DFS Discover
$80.91

-1.11 (-1.35%)

05/07/19
OPCO
05/07/19
DOWNGRADE
OPCO
Perform
Discover downgraded to Perform from Outperform at Oppenheimer
05/07/19
OPCO
05/07/19
DOWNGRADE
OPCO
Perform
Oppenheimer downgrades Discover on limited upside after recent rally
Oppenheimer analyst Dominick Gabriele downgraded Discover Financial Services to Perform from Outperform without a price target. The analyst sees limited upside in the shares following the rally year-to-date now that his estimates are in-line with the consensus. While Discover's loan growth "could speed back up" and credit could be slightly better in 2019 relative to expectations, the stock's recent outperformance reflects this, Gabriele tells investors in a research note.
04/29/19
BMOC
04/29/19
NO CHANGE
Target $92
BMOC
Market Perform
Discover price target raised to $92 from $85 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Discover to $92 after its Q1 earnings beat, also raising his FY19 and FY20 EPS by 16c and 19c to $8.78 and $9.56 respectively to reflect its improved net interest income and operating efficiency. The analyst is keeping his Market Perform rating on the stock, with other card lenders offering "greater investment opportunity", but encourages value investors to acquire shares on his expected "benign" conditions for consumer credit trends.
05/03/19
RBCM
05/03/19
INITIATION
Target $96
RBCM
Outperform
Discover assumed with an Outperform at RBC Capital
RBC Capital analyst Jon Arfstrom assumed coverage of Discover with a Outperform rating and a price target of $96, saying the company is "attractively valued" and also "well positioned" to produce strong consumer loan growth with high return generation. The analyst further cites Discover's expense discipline and technology deployment that contribute to its "peer-leading high-30% efficiency ratio" while noting that its credit quality is "manageable" despite the gradual rise its in net charge-offs.
CBM Cambrex
$46.62

-0.6 (-1.27%)

05/03/19
BARD
05/03/19
DOWNGRADE
Target $44
BARD
Neutral
Cambrex downgraded to Neutral on valuation at Baird
As previously reported, Baird analyst Evan Stover downgraded Cambrex to Neutral from Outperform, stating that while he still believes in "the end-to-end small molecule story," he thinks much of the near-term multiple expansion opportunity is reflected in the stock as shares have rallied about 20% from their February lows. Also, the 2019 M&A ramp from integrating Halo and Avista is "a little steeper" than he expected, added Stover, who keeps a $44 price target on Cambrex shares.
05/03/19
BARD
05/03/19
DOWNGRADE
BARD
Neutral
Cambrex downgraded to Neutral from Outperform at Baird
05/07/19
FANA
05/07/19
DOWNGRADE
Target $55
FANA
Outperform
Cambrex downgraded to Outperform from Strong Buy at First Analysis
First Analysis analyst Steven Schwartz downgraded Cambrex to Outperform from Strong Buy while raising his price target for the shares to $55 from $45. The company's valuation multiple is now in-line with peers following the recent share price appreciation, Schwartz tells investors in a research note. He sees less near-term upside given the expected decline in Cambrex's Gilead business through 2020 and his view that "financially significant" revenue synergies from the recent acquisitions will be realized over a mid- to longer-term time horizon.
02/22/19
JEFF
02/22/19
DOWNGRADE
Target $43
JEFF
Hold
Cambrex downgraded to Hold from Buy at Jefferies
Jefferies analyst David Windley downgraded Cambrex to Hold and lowered his price target for the shares to $43 from $63.

TODAY'S FREE FLY STORIES

RJF

Raymond James

$85.16

-0.64 (-0.75%)

16:53
05/22/19
05/22
16:53
05/22/19
16:53
Hot Stocks
Breaking Hot Stocks news story on Raymond James »

Raymond James reports…

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

See Street Research during your Free Trial

NTAP

NetApp

$67.08

-2.93 (-4.19%)

16:45
05/22/19
05/22
16:45
05/22/19
16:45
Hot Stocks
Breaking Hot Stocks news story on NetApp »

NetApp down 6% after Q4…

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

See Street Research during your Free Trial

  • 22

    May

  • 06

    Jun

  • 09

    Jul

YNDX

Yandex

$37.67

0.255 (0.68%)

16:43
05/22/19
05/22
16:43
05/22/19
16:43
Hot Stocks
Yandex appoints Tigran Khudaverdyan Deputy CEO »

Yandex announced the…

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

See Street Research during your Free Trial

PRTA

Prothena

$9.21

-0.31 (-3.26%)

16:39
05/22/19
05/22
16:39
05/22/19
16:39
Syndicate
Breaking Syndicate news story on Prothena »

Prothena files to sell…

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

See Street Research during your Free Trial

LQDA

Liquidia Technologies

$10.34

0.28 (2.78%)

16:39
05/22/19
05/22
16:39
05/22/19
16:39
Hot Stocks
Liquidia Technologies appoints Richard Katz CFO »

Liquidia Technologies…

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

See Street Research during your Free Trial

WHR

Whirlpool

$131.06

-1.5 (-1.13%)

16:36
05/22/19
05/22
16:36
05/22/19
16:36
Hot Stocks
Whirlpool reaffirms 2019 guidance, looks for ROIC of 12-14% in long-term »

Whirlpool is meeting with…

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

See Street Research during your Free Trial

  • 23

    May

CPK

Chesapeake Utilities

$93.79

0.47 (0.50%)

16:36
05/22/19
05/22
16:36
05/22/19
16:36
Hot Stocks
Chesapeake Utilities and TECO Peoples Gas partner on Callahan Pipeline, Florida »

Chesapeake…

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

See Street Research during your Free Trial

LB

L Brands

$21.50

-1.185 (-5.22%)

16:35
05/22/19
05/22
16:35
05/22/19
16:35
Hot Stocks
Breaking Hot Stocks news story on L Brands »

L Brands spikes over 10%…

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

See Street Research during your Free Trial

  • 23

    May

HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

16:35
05/22/19
05/22
16:35
05/22/19
16:35
Earnings
Breaking Earnings news story on Huazhu Group »

Huazhu Group sees Q2…

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

See Street Research during your Free Trial

  • 22

    May

  • 23

    May

LB

L Brands

$21.50

-1.185 (-5.22%)

16:34
05/22/19
05/22
16:34
05/22/19
16:34
Hot Stocks
Breaking Hot Stocks news story on L Brands »

L Brands reports Q1 total…

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

See Street Research during your Free Trial

  • 23

    May

HTHT

Huazhu Group

$34.41

-0.47 (-1.35%)

16:33
05/22/19
05/22
16:33
05/22/19
16:33
Earnings
Huazhu Group reports Q1 adj. EPS 11c, consensus 15c »

Reports Q1 revenue $356M,…

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

See Street Research during your Free Trial

  • 22

    May

  • 23

    May

LB

L Brands

$21.50

-1.185 (-5.22%)

16:33
05/22/19
05/22
16:33
05/22/19
16:33
Earnings
L Brands narrows FY19 EPS view higher to $2.30-$2.60 from $2.20-$2.60 

Consensus $2.39

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

See Street Research during your Free Trial

  • 23

    May

QCOM

Qualcomm

$69.30

-8.48 (-10.90%)

, TGT

Target

$77.55

5.5 (7.63%)

16:33
05/22/19
05/22
16:33
05/22/19
16:33
On The Fly
Fly Intel: Wall Street's top stories for Wednesday »

Stocks began the day in…

QCOM

Qualcomm

$69.30

-8.48 (-10.90%)

TGT

Target

$77.55

5.5 (7.63%)

LOW

Lowe's

$97.95

-13.15 (-11.84%)

JWN

Nordstrom

$34.35

-3.53 (-9.32%)

AVP

Avon Products

$3.49

0.295 (9.23%)

ISCA

International Speedway

$45.14

1.02 (2.31%)

IPHI

Inphi

$43.12

2.16 (5.27%)

SE

Sea Limited

$31.45

6.065 (23.90%)

AMBA

Ambarella

$39.19

-5.04 (-11.40%)

PSTG

Pure Storage

$15.48

-5.12 (-24.85%)

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

See Street Research during your Free Trial

  • 22

    May

  • 22

    May

  • 22

    May

  • 22

    May

  • 23

    May

  • 23

    May

  • 28

    May

  • 31

    May

  • 04

    Jun

  • 05

    Jun

  • 06

    Jun

  • 12

    Jun

  • 18

    Jun

  • 20

    Jun

  • 09

    Jul

  • 31

    Jul

IOVA

Iovance Biotherapeutics

$16.63

0.42 (2.59%)

16:32
05/22/19
05/22
16:32
05/22/19
16:32
Hot Stocks
Iovance Biotherapeutics: FDA grants Breakthrough Therapy designation for LN-145 »

Iovance Biotherapeutics…

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

See Street Research during your Free Trial

  • 31

    May

  • 10

    Jun

LB

L Brands

$21.50

-1.185 (-5.22%)

16:32
05/22/19
05/22
16:32
05/22/19
16:32
Earnings
Breaking Earnings news story on L Brands »

L Brands sees Q2 EPS…

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

See Street Research during your Free Trial

  • 23

    May

UNM

Unum Group

$34.58

-0.72 (-2.04%)

16:32
05/22/19
05/22
16:32
05/22/19
16:32
Hot Stocks
Unum Group announces retirement of CFO Jack McGarry in October »

Unum Group announced that…

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

See Street Research during your Free Trial

  • 23

    May

  • 11

    Jun

PGTI

PGT Innovations

$15.50

0.155 (1.01%)

16:31
05/22/19
05/22
16:31
05/22/19
16:31
Hot Stocks
PGT Innovations authorizes $30M stock repurchase program »

PGT Innovations has…

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

See Street Research during your Free Trial

  • 22

    May

  • 29

    May

  • 30

    May

PGTI

PGT Innovations

$15.50

0.155 (1.01%)

16:31
05/22/19
05/22
16:31
05/22/19
16:31
Hot Stocks
PGT Innovations authorizes $30M stock repurchase program »

PGT Innovations has…

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

See Street Research during your Free Trial

  • 22

    May

  • 29

    May

  • 30

    May

LB

L Brands

$21.50

-1.185 (-5.22%)

16:31
05/22/19
05/22
16:31
05/22/19
16:31
Earnings
L Brands reports Q1 EPS 14c, consensus 0c »

Reports Q1 revenue…

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

See Street Research during your Free Trial

  • 23

    May

FCAP

First Capital

$50.35

-0.35 (-0.69%)

16:31
05/22/19
05/22
16:31
05/22/19
16:31
Hot Stocks
First Capital raises quarterly dividend to 24c per share »

The board of directors of…

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

See Street Research during your Free Trial

  • 22

    May

16:30
05/22/19
05/22
16:30
05/22/19
16:30
Options
Preliminary option volume of 16.7M today »

Preliminary option volume…

ATRA

Atara Biotherapeutics

$23.12

-1.25 (-5.13%)

16:29
05/22/19
05/22
16:29
05/22/19
16:29
Initiation
Atara Biotherapeutics initiated  »

Atara Biotherapeutics…

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

See Street Research during your Free Trial

  • 31

    May

CPG

Crescent Point Energy

$3.79

-0.215 (-5.38%)

16:29
05/22/19
05/22
16:29
05/22/19
16:29
Conference/Events
Crescent Point Energy management to meet with TD Securities »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 29

    May

MMI

Marcus & Millichap

$32.98

-0.24 (-0.72%)

, RMAX

RE/MAX Holdings

$32.31

-1.415 (-4.20%)

16:28
05/22/19
05/22
16:28
05/22/19
16:28
Periodicals
U.S opens antitrust investigation of U.S. real estate industry, Bloomberg says »

According to…

MMI

Marcus & Millichap

$32.98

-0.24 (-0.72%)

RMAX

RE/MAX Holdings

$32.31

-1.415 (-4.20%)

RDFN

Redfin

$17.36

-0.2 (-1.14%)

RLGY

Realogy

$7.43

-0.41 (-5.23%)

Z

Zillow

$42.27

0.66 (1.59%)

CLGX

CoreLogic

$40.94

-0.07 (-0.17%)

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

See Street Research during your Free Trial

  • 22

    May

  • 22

    May

  • 22

    May

  • 23

    May

  • 29

    May

  • 30

    May

  • 31

    May

  • 04

    Jun

  • 04

    Jun

  • 06

    Jun

  • 11

    Jun

  • 18

    Jun

  • 13

    Nov

RMBL

RumbleON

$4.90

-0.05 (-1.01%)

16:27
05/22/19
05/22
16:27
05/22/19
16:27
Hot Stocks
RumbleON appoints Peter Levy as COO, effective immediately »

RumbleOn announced the…

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

See Street Research during your Free Trial

  • 28

    May

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.