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ADT

ADT Inc.

$6.36

0.02 (0.32%)

, AMZN

Amazon.com

$1,890.00

-10.53 (-0.55%)

07:48
05/13/19
05/13
07:48
05/13/19
07:48

ADT Inc. downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley analyst Toni Kaplan downgraded ADT Inc. (ADT) to Equal Weight from Overweight as she has less confidence in the company's growth outlook following a recent AlphaWise survey conducted by the firm. The survey showed homeowners seem as inclined to buy DIY systems as ADT systems, that more ADT customers switched to DIY providers than she would have expected and that measure of brand preference for Amazon's (AMZN) Ring and Google's (GOOG) Nest were higher than for ADT, Kaplan explains. Given that the survey leads her to fear ADT may find it difficult to defend its market share, Kaplan lowered her price target on the stock to $7 from $9.

ADT

ADT Inc.

$6.36

0.02 (0.32%)

AMZN

Amazon.com

$1,890.00

-10.53 (-0.55%)

GOOGL

Alphabet Class A

$1,167.91

0.47 (0.04%)

GOOG

Alphabet

$1,165.00

2.72 (0.23%)

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ADT ADT Inc.
$6.36

0.02 (0.32%)

01/29/19
MSCO
01/29/19
NO CHANGE
Target $10
MSCO
Overweight
ADT traditional business or Pulse unit being misvalued, says Morgan Stanley
Morgan Stanley analyst Toni Kaplan said her sum-of-the-parts valuation for ADT Inc. is $11 per share, which leads her to believe that the current share price near $7 implies either that the market is assigning a zero value to ADT's traditional business or is undervaluing ADT's faster-growing, higher-ARPU Pulse business. While ADT's traditional residential business is facing competition from technology from the likes of Amazon (AMZN) and Google (GOOGL) and subscribers have been declining, its commercial business is stable and growing, Kaplan said. Even applying a discounted multiple to the traditional business that is in-line with secularly challenged retail businesses still results in upside for ADT, said the analyst, who keeps an Overweight rating and $10 price target on the stock.
03/12/19
SBSH
03/12/19
DOWNGRADE
Target $8.25
SBSH
Neutral
ADT Inc. downgraded to Neutral from Buy at Citi
Cit downgraded ADT Inc. to Neutral from Buy and lowered its price target for the shares to $8.25 from $13. The firm sees a less certain free cash flow trajectory following ADT's Q4 results.
03/15/19
IMPC
03/15/19
NO CHANGE
Target $12
IMPC
Outperform
ADT Inc. price target lowered to $12 from $15 at Imperial Capital
Imperial Capital analyst Jeff Kessler lowered his price target for ADT Inc. to $12 from $15 saying "heavy" investment translated to reduced free cash flow guidance for 2019. The analyst, however, sees continued revenue growth for ADT and maintains an Outperform rating on the shares.
11/19/18
RBCM
11/19/18
INITIATION
Target $12
RBCM
Outperform
ADT Inc. initiated with an Outperform at RBC Capital
RBC Capital analyst Seth Weber initiated ADT Inc (ADT) with an Outperform rating and a price target of $12. The analyst cites the company's position as a leading provider in the $28B North America monitored security industry serving over 8M customers. Given the 27% short interest, Weber says ADT is a battleground stock, but he also believes that the perceived risk of competition from Amazon (AMZN) is overstated and that the company's big free cash flows outweighs its high leverage.
AMZN Amazon.com
$1,890.00

-10.53 (-0.55%)

05/07/19
BMOC
05/07/19
NO CHANGE
Target $170
BMOC
Outperform
Disney price target raised to $170 from $140 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Disney (DIS) to $170 and kept his Outperform rating ahead of its Q2 results, saying he expects an "upbeat quarter" and positive commentary around June quarter's main events of Endgame box office and the first Edge of Galaxy opening. The analyst also believes that the company will join Netflix (NFLX) and Amazon (AMZN) at the helm of global streaming while noting that its Star Wars themed lands its theme parks and the launch of Disney+ will materialize as catalysts for this year.
05/03/19
JEFF
05/03/19
NO CHANGE
Target $85
JEFF
Buy
Planet Fitness price target raised to $85 from $75 at Jefferies
Jefferies analyst Randal Konik raised his price target for Planet Fitness (PLNT) to $85 from $75 saying the company reported "great" Q1 results with comps and margins ahead of consensus. However, the shares are trading lower due to elevated expectations, Konik tells investors in a research note. He continues to believe Planet Fitness' investments in marketing, expanding affinity programs, increasing Black Card penetration, and membership growth resemble a business model similar to that of Amazon.com (AMZN). The analyst sees upside in the shares and reiterates a Buy rating on the name.
05/03/19
BERN
05/03/19
UPGRADE
BERN
Outperform
Walmart upgraded to Outperform from Market Perform at Bernstein
Bernstein analyst Brandon Fletcher upgraded Walmart (WMT) to Outperform from Market Perform, saying that while he thinks Walmart has not been able to return to its full potential for decades, but that the fully realized vision of what Walmart could be is "so fantastic that, if it even accidentally leans in the right direction," he thinks it could create an outsized investment return over several years. Fletcher tells investors in a research note that he thinks Walmart is the only full-scale challenger to Amazon (AMZN), with sizable investments on Price & Convenience and Price & Assortment.
05/02/19
05/02/19
INITIATION
Target $65

Outperform
Wedbush bullish on Uber, initiates coverage with an Outperform
As previously reported, Wedbush analyst Ygal Arounian started coverage of Uber (UBER) with an Outperform and $65 price target. The analyst notes that the ridesharing industry has become one of the most transformational growth sectors of the global consumer market over the past five years, with Uber establishing itself as the clear number 1 player and paving a similar road to what Amazon (AMZN) did to transform retail/e-commerce and Facebook (FB) did for social media. The brand loyalty of Uber is hard to dispute as the company continues to attract drivers and consumers "illustrating an impressive formula" to go after a $5.7T opportunity globally on transportation, which swells to $7T-$8T when including third-party food delivery and freight/logistics, he contends.
GOOGL Alphabet Class A
$1,167.91

0.47 (0.04%)

05/08/19
05/08/19
UPGRADE
Target $25

Buy
Criteo upgraded to Buy at SunTrust on 'manageable' Chrome changes
As previously reported, SunTrust analyst Matthew Thornton upgraded Criteo (CRTO) to Buy from Hold as he sees the new data privacy developments in Google's (GOOG) Chrome look manageable, reducing the "major overhang" to the stock. Further, the analyst believes valuation is "compelling," and buybacks could provide a tailwind. Thornton also raised his price target on Criteo's shares to $25 from $24.
05/01/19
DZBN
05/01/19
DOWNGRADE
DZBN
Hold
Alphabet downgraded to Hold from Buy at DZ Bank
04/30/19
04/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying Alphabet revenue growth in last night's Q1 results dropped below 20% for the first time since Q2 of 2015. 2. Bank of America (BAC) downgraded to Neutral from Overweight at Atlantic Equities. 3. Trade Desk (TTD) downgraded to Market Perform from Outperform at JMP Securities with analyst Ronald Josey saying he believes shares are currently fairly valued given the company's growth and opportunities in mobile and Connected TV. 4. ADP (ADP) downgraded to Market Perform from Outperform at Bernstein while Paychex (PAYX) was downgraded to Underperform from Market Perform. 5. Trex Company (TREX) downgraded to Neutral from Buy at B. Riley FBR with analyst Alex Rygiel citing near-term profit margin pressures. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/30/19
BMOC
04/30/19
NO CHANGE
Target $1150
BMOC
Market Perform
Alphabet price target lowered to $1,150 from $1,200 at BMO Capital
BMO Capital analyst Daniel Salmon lowered his price target on Alphabet (GOOGL) to $1,150 after its Q1 revenue missed expectations, ending the run of 10 of 11 quarters of top-line beats. The analyst says the company offered little color on slowing revenue outside of stating that the "timing of product changes in ads" impacted growth and warns that consensus earnings for the year have added risk. Salmon also keeps his Market Perform rating on Alphabet, stating that the Street may underestimate margin erosion from its negative revenue mix-shift while pointing to Amazon's (AMZN) rise of advertising business as a competitive threat.
GOOG Alphabet
$1,165.00

2.72 (0.23%)

04/30/19
MSCO
04/30/19
NO CHANGE
Target $1425
MSCO
Overweight
Alphabet price target lowered to $1,425 from $1,500 at Morgan Stanley
Morgan Stanley analyst Brian Nowak noted that this quarter was the first in the last 17 in which Alphabet's Websites revenue grew less than 20% ex-foreign exchange. While the company pointed to "the timing of product changes in ads" as a factor that drove the deceleration, it did not provide any clarity on what the changes were, whether the impact will be linear, or whether there are more such changes to come, noted Nowak, who sees the need for better transparency as key to long-term valuation at Alphabet. Following the quarterly report, he lowered his FY19 and FY20 EBITDA estimates by1% and 3%, respectively, and cut his price target on Alphabet shares to $1,425 from $1,500. Nowak keeps an Overweight rating on the stock.
04/30/19
OPCO
04/30/19
NO CHANGE
Target $1342
OPCO
Outperform
Alphabet price target lowered to $1,342 from $1,435 at Oppenheimer
Oppenheimer analyst Jason Helfstein lowered his price target for Alphabet to $1,342 from $1,435 following quarterly results, while reiterating an Outperform rating on the shares. Despite weaker ad results and lower core margins year over year, the analyst notes that Alphabet is a "cash cow," dominating search, and compounding its core business, with numerous new initiatives at just 11-times 2020 EBITDA and 21-times free cash flow.

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$130.48

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LLY

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$111.63

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TOT

Total

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Kemper

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BA

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$354.47

14.44 (4.25%)

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DB

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$7.17

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SPX

S&P 500

$0.00

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, SPY

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$292.36

-0.04 (-0.01%)

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S&P 500

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$292.36

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GOOG

Alphabet

$1,188.53

-2.26 (-0.19%)

, GOOGL

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$1,190.41

0.15 (0.01%)

18:25
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Hot Stocks
Google disabled 210 YouTube channels related to ongoing Hong Kong protests »

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GOOG

Alphabet

$1,188.53

-2.26 (-0.19%)

GOOGL

Alphabet Class A

$1,190.41

0.15 (0.01%)

FB

Facebook

$182.08

-1.48 (-0.81%)

TWTR

Twitter

$42.17

-0.63 (-1.47%)

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