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ESV

Symbol changed to VAL

$11.71

-0.43 (-3.54%)

, BOX

Box

$20.25

0.015 (0.07%)

07:30
05/13/19
05/13
07:30
05/13/19
07:30

Unusual put flow in option market yesterday

Notable put activity was cited Friday in Ensco (ESV), Box (BOX), Gulfport Energy (GPOR), Norfolk Southern (NSC), Synaptics (SYNA), and Companhia Sanea (SBS).

ESV

Symbol changed to VAL

$11.71

-0.43 (-3.54%)

BOX

Box

$20.25

0.015 (0.07%)

GPOR

Gulfport Energy

$7.40

0.075 (1.02%)

NSC

Norfolk Southern

$202.64

-0.11 (-0.05%)

SYNA

Synaptics

$35.26

3.57 (11.27%)

SBS

Sabesp

$11.46

-0.655 (-5.41%)

  • 14

    May

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    May

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    May

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    Jun

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    Jun

  • 05

    Jun

  • 06

    Jun

ESV Symbol changed to VAL
$11.71

-0.43 (-3.54%)

04/16/19
04/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Dow Inc. (DOW) initiated with a Top Pick at RBC Capital. 2. Ensco Rowan (ESV) initiated with an Overweight at Morgan Stanley. 3. Micron (MU) initiated with a Neutral at Nomura Instinet. 4. SkyWest (SKYW) initiated with a Buy at Stifel. 5. Forestar Group (FOR) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/19
SBSH
04/11/19
INITIATION
Target $4.3
SBSH
Neutral
Ensco resumed with a Neutral at Citi
Citi analyst Scott Gruber resumed coverage of Ensco with a Neutral rating and $4.30 price target. The company is expected to swing to positive free cash flow by 2022, but still needs refinancings to avoid tapping its revolvers, Gruber tells investors in a research note.
04/16/19
MSCO
04/16/19
INITIATION
Target $25
MSCO
Overweight
Ensco Rowan initiated with an Overweight at Morgan Stanley
Following the completion of the merger of Ensco and Rowan to create Ensco Rowan plc, Morgan Stanley analyst Connor Lynagh initiated coverage of the newly combined company with an Overweight rating and $25 price target, noting that analyst estimates vary widely as of now. He believes Ensco Rowan has a strong portfolio of assets and an "undemanding valuation" compared to U.S.-listed peers and sees the discount narrowing as the market gains further clarity.
03/08/19
HSBC
03/08/19
UPGRADE
HSBC
Buy
Ensco upgraded to Buy from Hold at HSBC
BOX Box
$20.25

0.015 (0.07%)

02/28/19
DADA
02/28/19
NO CHANGE
Target $25
DADA
Buy
Box price target lowered to $25 from $30 at DA Davidson
DA Davidson analyst Rishi Jaluria lowered his price target on Box to $25 after its "rough" Q4 results, stating that its billings came in well below consensus. The analyst also notes that the disappointing results and guidance were driven by weakness in EMEA, longer sales cycles pressuring 7-figure deals, and a reduction of spending by one of the company's big customers. Jaluria keeps his Buy rating on Box however, stating that based on the "disappointing quarter, reset to numbers, and potentially growing investor unrest", the company may emerge as a potential private equity takeout target.
02/28/19
02/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Booking Holdings (BKNG) downgraded to Neutral from Overweight at Atlantic Equities and Piper Jaffray, as well as to Perform from Outperform at Oppenheimer. 2. Box (BOX) downgraded to Sector Weight from Overweight at KeyBanc and to Neutral from Buy at Rosenblatt. 3. HP Inc. (HPQ) double downgraded to Underperform from Buy at BofA/Merrill with analyst Wamsi Mohan citing the company's Q1 report last night. 4. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank. 5. Dollar General (DG) and Big Lots (BIG) were downgraded to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/05/19
WELS
04/05/19
NO CHANGE
Target $27
WELS
Outperform
Wells Fargo 'cautiously optimistic' on Box after meetings with CEO
Wells Fargo analyst Philip Winslow said he came away from investor meetings he hosted with Box CEO Aaron Levie "cautiously optimistic" on Box's ability to improve execution on the company's go-to-market strategy and the potential benefits of its product portfolio changes and additions. Winslow, who thinks "reaccelerating growth is still on the table - just not in the timeframe originally forecasted," keeps an Outperform rating and $27 price target on Box shares.
02/28/19
RSBL
02/28/19
DOWNGRADE
Target $21
RSBL
Neutral
Rosenblatt downgrades Box to Neutral after 'very disappointing quarter'
As previously reported, Rosenblatt analyst Marshall Senk downgraded Box to Neutral from Buy following what he called a "very disappointing quarter," noting that the company missed on all of its top-line metrics. The bottom line is that management failed to meet the expectations they set and his confidence has been diminished, Senk stated. His view is that the company is going to take at least another two, and maybe more, quarters to show improvement, Senk added. He cut his Q1 and FY20 estimates and lowered his price target on Box shares to $21 from $27.
GPOR Gulfport Energy
$7.40

0.075 (1.02%)

04/05/19
OPCO
04/05/19
DOWNGRADE
OPCO
Perform
Gulfport Energy downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Tim Rezvan downgraded Gulfport Energy to Perform from Outperform and removed his $14 price target. In a research note to investors, Rezvan says that even with shares at $7.75, $1 above their ten-year low, he "struggles" to find value. Amid a lack of deleveraging or earnings/production growth, the analyst says he expect Gulfport to remain range-bound unless a medium-term growth strategy emerges or natural gas prices rally.
04/05/19
OPCO
04/05/19
DOWNGRADE
OPCO
Perform
Gulfport Energy downgraded to Perform from Outperform at Oppenheimer
01/22/19
IMPC
01/22/19
NO CHANGE
Target $14
IMPC
Outperform
Gulfport Energy price target lowered to $14 from $17 at Imperial Capital
Imperial Capital analyst Jason Wangler lowered his price target for Gulfport Energy to $14 following the company's Q4 operations update and 2019 capital budget announcements. The analyst maintains an Outperform rating on the shares. Gulfport was able to generate free cash flow in Q4 to repurchase stock as it puts an even greater focus on shareholder returns under new CEO David Wood while looking to maintain a flat production profile in the future, Wangler tells investors in a research note. He believes the company's focus on shareholder returns could drive a considerably lower share count and add value.
01/29/19
GUGG
01/29/19
DOWNGRADE
GUGG
Neutral
Gulfport Energy downgraded to Neutral from Buy at Guggenheim
NSC Norfolk Southern
$202.64

-0.11 (-0.05%)

04/01/19
BOFA
04/01/19
UPGRADE
Target $205
BOFA
Buy
Norfolk Southern upgraded to Buy on rapid gains at BofA/Merrill
As previously reported, BofA/Merrill upgraded Norfolk Southern to Buy from Neutral with a $205 price target. Analyst Ken Hoexter said Norfolk has had a rapid improvement from its Precision Scheduled Rail overhaul and is posting continued gains in its performance metrics with velocity up 9% year-to-date and Dwell up 35% since the start of the year. Norfolk is gaining on its Precision Scheduled Rail goals and the Street is too conservative versus the company's potential, the analyst wrote in a note to investors.
04/25/19
LOOP
04/25/19
NO CHANGE
Target $237
LOOP
Buy
Norfolk Southern price target raised to $237 from $211 at Loop Capital
Loop Capital analyst Rick Paterson raised his price target on Norfolk Southern to $237 and kept his Buy rating after its "blowout" Q1 earnings results and a 3% improvement in its operating ratio to 66.6%. The analyst notes that this is the "time of maximum operational risk and maximum potential reward" as the company prepares for a full rollout of its new operating plan - TOP21 - with incremental intermodal lane rationalization and a synchronization of train speeds.
04/25/19
BMOC
04/25/19
NO CHANGE
Target $210
BMOC
Market Perform
Norfolk Southern price target raised to $210 from $185 at BMO Capital
BMO Capital analyst Fadi Chamoun raised his price target on Norfolk Southern to $210 after its Q1 results showed " operational improvements combined with strong pricing" that yielded a 330bps expansion in operating margin. The analyst keeps his Market Perform rating on the stock however, citing "less certain" pricing growth amid the slowing volume growth environment.
04/08/19
ARGS
04/08/19
NO CHANGE
Target $210
ARGS
Buy
Norfolk Southern price target raised to $210 from $180 at Argus
Argus analyst John Eade raised his price target on Norfolk Southern to $210 and kept his Buy rating, saying he sees "solid demand for the industry" and volume trends having turned positive. The analyst also points to the company's accelerating its "aggressive restructuring program that is lowering costs and improving profitability", adding that the management's decision to raise dividend payments 3 times in the past year also signals its confidence about its outlook. Eade further notes Norfolk Southern's clean balance sheet and offers a positive view for the North American railroad companies "based on strength in the consumer sector, as well as fuel prices that remain well below 2013-2014 levels."
SYNA Synaptics
$35.26

3.57 (11.27%)

05/10/19
BMOC
05/10/19
NO CHANGE
Target $29
BMOC
Market Perform
Synaptics price target lowered to $29 from $35 at BMO Capital
BMO Capital analyst Ambrish Srivastava lowered his price target on Synaptics to $29 after its mixed Q3 results showed a beat on earnings thanks to higher gross margins but a miss on revenue. The analyst cites the company's 25% and 28% sequential declines in Mobile products and IoT products respectively, even though its PC product segment was up 4%. Srivastava also keeps his Market Perform rating and sees Synaptics stock as reasonably valued at current levels.
05/10/19
CHLM
05/10/19
NO CHANGE
Target $39
CHLM
Buy
Synaptics price target lowered to $39 from $47 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss lowered his price target for Synaptics to $39 from $47 and maintained a Buy rating after the company guided well below Street estimates for the June quarter, saying that with Synaptics trading down ~20% since his cautious preview, the stock is cheap enough to be interesting to investors at just 9.6x his reset FY20 estimates. Stoss reiterated his Buy rating, adding that Synaptics had some encouraging commentary on its conference call highlighting several new design wins for OLED DDICs in smartphones and a new USB-C solution shipping into what the analyst believes is Samsung's note headphones that ship in the box.
03/19/19
BMOC
03/19/19
NO CHANGE
Target $35
BMOC
Market Perform
Synaptics price target lowered to $35 from $42 at BMO Capital
BMO Capital analyst Ambrish Srivastava lowered his price target on Synaptics to $35 and kept his Market Perform rating after the company's announced "immediate" CEO departure and Q3 outlook at the lower end of its earlier forecast late on Friday. The analyst also lowers his FY19 and FY20 EPS outlook to $4.23 and $3.57 from $4.52 and $4.26 respectively while noting that the shares remain "reasonably valued" at these levels in spite of Monday's 22% stock price decline.
03/18/19
JPMS
03/18/19
NO CHANGE
Target $45
JPMS
Neutral
Synaptics price target lowered to $45 from $50 at JPMorgan
JPMorgan analyst Paul Coster lowered his price target for Synaptics to $45 from $50 after the company negatively preannounced Q3 results and said CEO Rich Bergman will be departing immediately. In a research note titled "Mildly Negative F3Q19 Preannouncement; CEO Resigns; Typically Not Good Things," the analyst says he expects the demand environment to remain soft for Synaptics. He keeps a Neutral rating on the shares.
SBS Sabesp
$11.46

-0.655 (-5.41%)

11/12/18
JANY
11/12/18
UPGRADE
JANY
Buy
Sabesp upgraded to Buy from Neutral at Janney Montgomery Scott
01/30/19
HSBC
01/30/19
DOWNGRADE
HSBC
Hold
Sabesp downgraded to Hold from Buy at HSBC
01/03/19
JANY
01/03/19
DOWNGRADE
JANY
Neutral
Sabesp downgraded to Neutral from Buy at Janney Montgomery Scott
Janney Montgomery Scott analyst Michael Gaugler downgraded Sabesp to Neutral from Buy, citing valuation.
01/16/19
SBSH
01/16/19
DOWNGRADE
SBSH
Sell
Sabesp downgraded to Sell from Neutral at Citi
Citi analyst Marcelo Britto downgraded Companhia de Saneamento to Sell.

TODAY'S FREE FLY STORIES

GRPN

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TGT

Target

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17.54 (20.50%)

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VWAGY

Volkswagen

$0.00

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, TSLA

Tesla

$220.89

-4.81 (-2.13%)

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IRBT

iRobot

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KMI

Kinder Morgan

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Pembina Pipeline

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DSGX

Descartes Systems

$35.57

0.945 (2.73%)

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SMPL

Simply Good Foods

$27.35

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UPLD

Upland Software

$42.75

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UPLD

Upland Software

$42.75

0.38 (0.90%)

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09:25
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WORK

Slack Technologies

$30.81

0.315 (1.03%)

09:24
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  • 04

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SMAR

Smartsheet

$52.20

1.015 (1.98%)

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ZM

Zoom Video

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PEGI

Pattern Energy

$25.83

0.23 (0.90%)

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$51.95

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  • 14

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WCC

Wesco

$43.29

-0.12 (-0.28%)

09:22
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