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DE

Deere

$146.35

-9.7 (-6.22%)

, AGCO

Agco

$70.54

-2.67 (-3.65%)

06:30
05/14/19
05/14
06:30
05/14/19
06:30

Deere downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst Ann Duignan downgraded Deere (DE) to Underweight from Neutral and lowered her price target for the shares to $132 from $154. The analyst coupled the downgrade with an upgrade of Agco (AGCO) to Overweight from Neutral. The analyst sees "rapidly deteriorating" fundamentals in U.S. agriculture. Beyond tariffs, Chinese import demand for soybeans is likely to decline significantly as it deals with a ~30% reduction in its hog herd following the outbreak of African swine fever, Duignan tells investors in a research note. Further, Brazil and Argentina combined have produced close to record soybean and corn crops this season, while U.S. dollar strength remains a headwind for U.S. competitiveness on the global market, adds the analyst. She sees a "perfect storm" for U.S. farmers and believes the fundamentals for Deere are now skewed to the downside.

DE

Deere

$146.35

-9.7 (-6.22%)

AGCO

Agco

$70.54

-2.67 (-3.65%)

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DE Deere
$146.35

-9.7 (-6.22%)

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.
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.
05/13/19
05/13/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. 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.
AGCO Agco
$70.54

-2.67 (-3.65%)

03/13/19
MELI
03/13/19
DOWNGRADE
MELI
Underweight
Agco downgraded to Underweight from Neutral at Melius Research
03/25/19
RBCM
03/25/19
NO CHANGE
Target $76
RBCM
Outperform
Agco price target raised to $76 from $71 at RBC Capital
RBC Capital analyst Seth Weber raised his price target on Agco to $76 and kept his Outperform rating after meeting with its CFO Andy Beck and Investor Relations VP Greg Peterson. The analyst says the discussions reinforced his positive view of the company's "pure-play farm equipment exposure with significant margin runway", adding that its rising free cash also allows for it to take capital allocation opportunities.
05/07/19
RBCM
05/07/19
NO CHANGE
Target $86
RBCM
Outperform
Agco price target raised to $86 from $76 at RBC Capital
RBC Capital analyst Seth Weber raised his price target on Agco to $86 and kept his Outperform rating after the company's Q1 earnings beat last week as well as his meetings with its management. The analyst sees the stock among his "top ideas", saying its pure-play farm equipment status positions it well for a rebound in industry demand that is expected to materialize in 2020. Weber also anticipates market share gains and margin driving initiatives from Agco, raising his FY19 and FY20 EPS view by 25c and 15c to $4.95 and $5.75 respectively.

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FLWS

1-800-Flowers.com

$17.82

-0.18 (-1.00%)

08:50
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Treasury Action: yields dipped in the wake of the durables report »

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:46
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DVAX

Dynavax

$6.36

(0.00%)

08:46
05/24/19
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08:46
Recommendations
Dynavax analyst commentary at RBC Capital »

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DFRG

Del Frisco's

$6.79

-0.1 (-1.45%)

, LABD

Daily S&P Biotech Bear 3x Shares

$23.31

0.66 (2.91%)

08:45
05/24/19
05/24
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Options
Largest borrow rate increases among liquid names »

Latest data shows the…

DFRG

Del Frisco's

$6.79

-0.1 (-1.45%)

LABD

Daily S&P Biotech Bear 3x Shares

$23.31

0.66 (2.91%)

FANG

Diamondback Energy

$103.78

-4.9 (-4.51%)

EWZ

MSCI Brazil Index

$39.10

-0.3 (-0.76%)

PEI

Pennsylvania REIT

$6.66

-0.04 (-0.60%)

WPG

Washington Prime

$4.47

0.015 (0.34%)

IWM

iShares Trust Russell 2000 Index Fund

$149.40

-3.17 (-2.08%)

BILI

Bilibili

$14.32

-0.37 (-2.52%)

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NPTN

NeoPhotonics

$3.88

-0.085 (-2.14%)

08:43
05/24/19
05/24
08:43
05/24/19
08:43
Recommendations
NeoPhotonics analyst commentary  »

NeoPhotonics price target…

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  • 28

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ZYME

Zymeworks

$17.65

0.02 (0.11%)

08:42
05/24/19
05/24
08:42
05/24/19
08:42
Conference/Events
Zymeworks to hold a conference call »

Management holds a…

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  • 31

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SPLK

Splunk

$128.68

-7.12 (-5.24%)

08:41
05/24/19
05/24
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08:41
Recommendations
Splunk analyst commentary  »

Splunk price target…

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  • 13

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PDVW

pdvWireless

$44.25

1.25 (2.91%)

08:40
05/24/19
05/24
08:40
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08:40
Recommendations
pdvWireless analyst commentary  »

pdvWireless price target…

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  • 28

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08:40
05/24/19
05/24
08:40
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08:40
General news
FX Action: The dollar »

FX Action: The dollar…

08:40
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General news
U.S. durable goods orders fell 2.1% in April »

U.S. durable goods orders…

08:40
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General news
U.S. equities are modestly firmer »

U.S. equities are…

BCRX

BioCryst

$3.54

0.09 (2.61%)

08:37
05/24/19
05/24
08:37
05/24/19
08:37
Downgrade
BioCryst rating change  »

BioCryst downgraded to…

03/08/13
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  • 29

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PLUS

ePlus

$72.62

-13.88 (-16.05%)

08:36
05/24/19
05/24
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08:36
Hot Stocks
ePlus announces 500,000 share stock repurchase program »

ePlus announced that its…

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ASH

Ashland

$72.19

-0.435 (-0.60%)

08:35
05/24/19
05/24
08:35
05/24/19
08:35
Recommendations
Ashland analyst commentary  »

Ashland shares have 30%…

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BLMN

Bloomin' Brands

$18.22

-1.98 (-9.80%)

08:33
05/24/19
05/24
08:33
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08:33
Upgrade
Bloomin' Brands rating change  »

Guggenheim upgrades…

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CETX

Cemtrex

$0.25

0.0158 (6.89%)

08:33
05/24/19
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08:33
Hot Stocks
Cemtrex announces six-for-one reverse stock split to regain NASDAQ compliance »

Cemtrex announced that…

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:31
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05/24
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08:31
Hot Stocks
Hibbett Sports appoints Anthony Crudele as independent chairman »

Hibbett Sports announced…

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  • 24

    May

BTU

Peabody Energy

$24.45

-0.855 (-3.38%)

08:30
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Hot Stocks
Peabody Energy says proceeding with ventilation of North Goonyella Mine »

Peabody announced it is…

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CNR

China Metro-Rural

$5.70

-0.2 (-3.39%)

, LK

Luckin Coffee

$15.88

0.88 (5.87%)

08:30
05/24/19
05/24
08:30
05/24/19
08:30
Options
Five new option listings and four option delistings on May 24th »

New option listings for…

CNR

China Metro-Rural

$5.70

-0.2 (-3.39%)

LK

Luckin Coffee

$15.88

0.88 (5.87%)

ROAN

Roan Resources

$2.53

-0.32 (-11.23%)

EPE

EP Energy

$0.16

(0.00%)

FRSH

Papa Murphy's

$6.45

(0.00%)

NAVG

Navigators

$69.97

(0.00%)

NCS

NCI Building

$5.70

-0.2 (-3.39%)

03/08/13
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MMM

3M

$165.84

-2.46 (-1.46%)

08:28
05/24/19
05/24
08:28
05/24/19
08:28
Recommendations
3M analyst commentary  »

3M likely to further…

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  • 29

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:27
05/24/19
05/24
08:27
05/24/19
08:27
Hot Stocks
Hibbett Sports up 14.5% after Q1 results beat estimates, FY20 guidance raised »

In pre-market trading,…

03/08/13
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  • 24

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VALE

Vale

$11.78

0.03 (0.26%)

08:27
05/24/19
05/24
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08:27
Upgrade
Vale rating change  »

Vale upgraded to Sector…

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INTU

Intuit

$241.30

-6.22 (-2.51%)

08:24
05/24/19
05/24
08:24
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08:24
Recommendations
Intuit analyst commentary  »

Intuit price target…

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GPN

Global Payments

$147.97

-2.64 (-1.75%)

, TSS

TSYS

$99.61

-1.62 (-1.60%)

08:22
05/24/19
05/24
08:22
05/24/19
08:22
Recommendations
Global Payments, TSYS, ACI Worldwide, Bottomline Technologies, Jack Henry, USA Technologies, Q2 Holdings, Fiserv, First Data, FIS, Worldpay analyst commentary at Stephens »

Global Payments, TSYS…

GPN

Global Payments

$147.97

-2.64 (-1.75%)

TSS

TSYS

$99.61

-1.62 (-1.60%)

ACIW

ACI Worldwide

$31.61

-0.43 (-1.34%)

EPAY

Bottomline Technologies

$44.53

-0.53 (-1.18%)

JKHY

Jack Henry

$132.23

-3.43 (-2.53%)

USAT

USA Technologies

$7.22

0.05 (0.70%)

QTWO

Q2 Holdings

$72.44

-1.98 (-2.66%)

FISV

Fiserv

$87.23

-2.4 (-2.68%)

FDC

First Data

$25.88

-0.75 (-2.82%)

FIS

FIS

$120.45

-0.59 (-0.49%)

WP

Worldpay

$121.97

-0.48 (-0.39%)

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