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DE

Deere

$147.72

-8.33 (-5.34%)

, TITN

Titan Machinery

$15.25

-1.64 (-9.71%)

10:20
05/13/19
05/13
10:20
05/13/19
10:20

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Deere (DE) and Titan Machinery (TITN) downgraded to Neutral from Outperform at Baird. 2. Boot Barn (BOOT) downgraded to Hold from Buy at Pivotal Research with analyst Mitch Kummetz saying he sees a less favorable risk/reward at current share levels heading into the company's results on May 16. He does not see enough room for upside to his estimates, mainly because he believes oil and gas employment is becoming a "diminishing tailwind." 3. Shopify (SHOP) downgraded to Neutral from Buy at Guggenheim with analyst Ken Wong saying he sees upside potential as limited given the stock's current valuation, which he notes has now passed previous peak levels. 4. ADT Inc. (ADT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Toni Kaplan saying she has less confidence in the company's growth outlook following a recent AlphaWise survey conducted by the firm. 5. 51job (JOBS) downgraded to Neutral from Buy at Citi with analyst Alicia Yap saying she believes weakening operating metrics, such as a faster rate of decline for active employer count and slower rate of growth of ARPU, may be signals of challenges for online recruitment revenue growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

DE

Deere

$147.72

-8.33 (-5.34%)

TITN

Titan Machinery

$15.25

-1.64 (-9.71%)

BOOT

Boot Barn

$27.01

-2.29 (-7.82%)

SHOP

Shopify

$247.50

-11.29 (-4.36%)

ADT

ADT Inc.

$5.97

-0.39 (-6.13%)

JOBS

51job

$71.91

-2.19 (-2.96%)

  • 16

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    Jun

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    Jul

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    Sep

  • 13

    Nov

DE Deere
$147.72

-8.33 (-5.34%)

05/13/19
BARD
05/13/19
DOWNGRADE
BARD
Neutral
Deere downgraded to Neutral from Outperform at Baird
05/13/19
BARD
05/13/19
DOWNGRADE
BARD
Neutral
Baird downgrades Deere, Titan to Neutral on eroding farmer sentiment
As previously reported, Baird analyst Mig Dobre downgraded Deere (DE) and Titan Machinery (TITN), both to Neutral from Outperform, telling investors that large Ag equipment demand is increasingly at risk as farmer sentiment and grain prices deteriorate amid the drawn out trade war. While Ag inventories at dealers has risen, posing an additional risk, construction equipment growth is moderating, noted Dobre, who lowered his price target on Deere to $150 from $166 and cut his price target on Titan shares to $18 from $26.
04/25/19
OTRG
04/25/19
DOWNGRADE
OTRG
Mixed
OTR Global lowers view on farm equipment manufacturers to Mixed from Positive
OTR Global lowered its view on farm equipment manufacturers, which includes Agco (AGCO), CNH Industrial (CNHI) and Deere (DE), to Mixed from Positive in January, noting that global farm equipment sales for 2019 are now expected to be up 1%-5% year-over-year, versus expectations of up 2%-5% in January.
02/19/19
DZBN
02/19/19
DOWNGRADE
DZBN
Hold
Deere downgraded to Hold from Buy at DZ Bank
TITN Titan Machinery
$15.25

-1.64 (-9.71%)

03/27/19
03/27/19
NO CHANGE

Titan Machinery reports Q4 EPS (4c), consensus 1c
Reports Q4 revenue $359.6M, consensus $354.82M.
05/13/19
BARD
05/13/19
DOWNGRADE
BARD
Neutral
Titan Machinery downgraded to Neutral from Outperform at Baird
BOOT Boot Barn
$27.01

-2.29 (-7.82%)

01/07/19
PIVT
01/07/19
UPGRADE
Target $24
PIVT
Buy
Boot Barn upgraded to Buy from Hold at Pivotal Research
Pivotal Research analyst Mitch Kummetz upgraded Boot Barn to Buy while lowering his price target for the shares to $24 from $27. The analyst views the stock's risk/reward as favorable at current levels. While oil prices have fallen, oil and gas employment has not, Kummetz tells investors in a research note. He sees Boot Barn achieving, if not exceeding, the high end of its fiscal Q3 guidance.
03/14/19
SIDC
03/14/19
INITIATION
SIDC
Buy
Boot Barn initiated with a Buy at Sidoti
05/13/19
PIPR
05/13/19
NO CHANGE
Target $41
PIPR
Overweight
Boot Barn price target raised to $41 from $33 at Piper Jaffray
Piper Jaffray analyst Peter Keith raised his price target for Boot Barn Holdings to $41 from $33 and reiterates an Overweight rating on the shares ahead of the company's fiscal Q4 results on May 16. The stock's risk/reward appears favorable as the rural retail backdrop and Boot Barn's business drivers remain "very favorable," Keith tells investors in a pre-earnings research note. He beeves shares at less than $30 currently represent an attractive entry point.
05/13/19
PIVT
05/13/19
DOWNGRADE
Target $30
PIVT
Hold
Boot Barn downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Mitch Kummetz downgraded Boot Barn to Hold from Buy while raising his price target for the shares to $30 from $28. The analyst sees a less favorable risk/reward at current share levels heading into the company's results on May 16. He does not see enough room for upside to his estimates, mainly because he believes oil and gas employment is becoming a "diminishing tailwind."
SHOP Shopify
$247.50

-11.29 (-4.36%)

05/01/19
FBCO
05/01/19
NO CHANGE
Target $275
FBCO
Outperform
Shopify price target raised to $275 from $190 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Shopify to $275 from $190 after the company reported "strong" Q1 results with continued momentum in Shopify Plus and early traction in International. The analyst reiterates an Outperform rating on the shares given the numerous drivers that position Shopify for sustained revenue growth over the long-term, including the secular shift to e-commerce, Shopify Plus, International, and adoption of additional merchant services.
05/13/19
GUGG
05/13/19
DOWNGRADE
GUGG
Neutral
Shopify downgraded to Neutral from Buy at Guggenheim
05/01/19
WELS
05/01/19
NO CHANGE
Target $275
WELS
Outperform
Shopify price target raised to $275 from $195 at Wells Fargo
Wells Fargo analyst Timothy Willi raised his price target for Shopify to $275 from $195 after the reported better than expected revenue/EPS, driven by international expansion, strong GMV growth and the delayed timing of ad spend during the quarter. The analyst also notes that Shopify is in the early stages of growth within its international markets, where it continues to invest in functionality and marketing. He reiterates an Outperform rating on the shares.
05/13/19
GUGG
05/13/19
DOWNGRADE
GUGG
Neutral
Shopify downgraded to Neutral at Guggenheim with valuation above prior peak
As previously reported, Guggenheim analyst Ken Wong downgraded Shopify to Neutral from Buy as he sees upside potential as limited given the stock's current valuation, which he notes has now passed previous peak levels. While he still sees Shopify as a disruptive force within retail, Wong believes bullish investors are already factoring in revenue beats in FY19 and FY20 that are consistent with the company's historical outperform to consensus, he tells investors.
ADT ADT Inc.
$5.97

-0.39 (-6.13%)

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.
05/13/19
MSCO
05/13/19
DOWNGRADE
Target $7
MSCO
Equal Weight
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.
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.
JOBS 51job
$71.91

-2.19 (-2.96%)

03/01/19
MACQ
03/01/19
DOWNGRADE
MACQ
Neutral
51job downgraded to Neutral from Outperform at Macquarie
05/13/19
SBSH
05/13/19
DOWNGRADE
Target $76
SBSH
Neutral
Citi downgrades 51job to Neutral as headwinds seen persisting in 2019
As previously reported, Citi analyst Alicia Yap downgraded 51job to Neutral from Buy, as she believes weakening operating metrics, such as a faster rate of decline for active employer count and slower rate of growth of ARPU, may be signals of challenges for online recruitment revenue growth. The company reported mixed Q1 results and guided Q2 revenue growth below her and consensus estimates, noted Yap, who thinks headwinds will remains for 2019. She lowered her price target on 51job shares to $76 from $84.
05/13/19
SBSH
05/13/19
DOWNGRADE
SBSH
Neutral
51job downgraded to Neutral from Buy at Citi
Citi analyst Alicia Yap downgraded 51job to Neutral from Buy.

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SVRA

Savara

$2.23

0.03 (1.36%)

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Zscaler

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ENVA

Enova International

$24.92

0.31 (1.26%)

12:37
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AstraZeneca

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0.02 (0.05%)

12:33
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PCG

PG&E

$10.35

-3.95 (-27.62%)

, AMGN

Amgen

$202.49

-1.46 (-0.72%)

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PANW

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WB

Weibo

$41.70

4.65 (12.55%)

DRYS

DryShips

$5.19

1.355 (35.38%)

EL

Estee Lauder

$197.80

18.54 (10.34%)

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LOW

Lowe's

$95.37

1.46 (1.55%)

, HD

Home Depot

$206.92

3.28 (1.61%)

12:19
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On The Fly
Fly Intel: What to watch in Home Depot, Lowe's earnings reports »

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Lowe's

$95.37

1.46 (1.55%)

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Home Depot

$206.92

3.28 (1.61%)

JCP

J.C. Penney

$0.61

0.0122 (2.04%)

SHLD

Sears

$0.00

(0.00%)

AMZN

Amazon.com

$1,823.13

31.31 (1.75%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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NASDAQ market internals summary »

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GOOG

Alphabet

$1,202.00

25.06 (2.13%)

, GOOGL

Alphabet Class A

$1,204.36

25.67 (2.18%)

12:16
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GOOG

Alphabet

$1,202.00

25.06 (2.13%)

GOOGL

Alphabet Class A

$1,204.36

25.67 (2.18%)

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NYSE Market Internals

$0.00

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12:16
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NYSE market internals summary »

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APAM

Artisan Partners

$26.64

0.43 (1.64%)

12:14
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ARMK

Aramark

$40.72

3.65 (9.85%)

, PCG

PG&E

$10.43

-3.87 (-27.06%)

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Aramark

$40.72

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PG&E

$10.43

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CVX

Chevron

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XOM

Exxon Mobil

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BTU

Peabody Energy

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Alliance Resource Partners

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Sonos

$13.14

1.24 (10.42%)

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QUOT

Quotient Technology

$7.84

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BMA

Banco Macro

$34.53

-3.75 (-9.80%)

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BBAR

BBVA

$5.29

-0.575 (-9.80%)

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PCG

PG&E

$10.29

-4.01 (-28.04%)

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EL

Estee Lauder

$197.12

17.86 (9.96%)

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  • 19

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MYOV

Myovant Sciences

$7.90

0.92 (13.18%)

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NM

Navios Maritime

$4.98

0.58 (13.18%)

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REPYY

Repsol

$0.00

(0.00%)

11:56
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08/19
11:56
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11:56
Downgrade
Repsol rating change at Barclays »

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MLM

Martin Marietta

$254.47

-0.27 (-0.11%)

11:56
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11:56
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11:56
Conference/Events
Martin Marietta management to meet with Jefferies »

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  • 19

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GGAL

Grupo Financiero

$15.57

-2.14 (-12.08%)

11:55
08/19/19
08/19
11:55
08/19/19
11:55
Options
Grupo Financiero put volume heavy and directionally bearish »

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RDS.A

Royal Dutch Shell

$56.25

0.7 (1.26%)

, RDS.B

Royal Dutch Shell

$56.37

0.815 (1.47%)

11:49
08/19/19
08/19
11:49
08/19/19
11:49
Downgrade
Royal Dutch Shell, Royal Dutch Shell rating change at Barclays »

Royal Dutch Shell…

RDS.A

Royal Dutch Shell

$56.25

0.7 (1.26%)

RDS.B

Royal Dutch Shell

$56.37

0.815 (1.47%)

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