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HLT

Hilton

$89.39

-2.13 (-2.33%)

, LYFT

Lyft

$48.15

-2.89 (-5.66%)

09:14
05/14/19
05/14
09:14
05/14/19
09:14

Hilton, Lyft announce new loyalty partnership

Hilton Honors (HLT) announced a "first of its kind travel and hospitality partnership" with Lyft (LYFT). "Created to reward the over 89 million Hilton Honors loyalty members in their everyday lives, the new program will now allow members to earn Hilton Honors Points whenever they ride with Lyft. And in a first for the hospitality industry, later this year members will also be able to redeem Hilton Honors Points for Lyft credits." Hilton Honors members will earn 3 Points per $1 spent on Lyft rides and 2 Points per $1 on Lyft shared rides, for a total of up to $10,000 in Lyft spend per year. "Later this year, members will be able to redeem their Points for Lyft credits, too. Nearly 90 percent of Hilton hotels in the U.S. and Canada are located in areas that Lyft operates, making it easy for Hilton Honors members to take advantage of Lyft's wide reach when they're on the road."

HLT

Hilton

$89.39

-2.13 (-2.33%)

LYFT

Lyft

$48.15

-2.89 (-5.66%)

HLT Hilton
$89.39

-2.13 (-2.33%)

05/02/19
05/02/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hilton (HLT) downgraded to Hold from Buy at Deutsche Bank with analyst Carlo Santarelli saying he's making a stock call on valuation, not a company call. He expects the stock to take a "breather" following the post-earnings rally. 2. Estee Lauder (EL) was downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Buy at DA Davidson. 3. Scotts Miracle-Gro (SMG) downgraded to Underperform from Neutral at BofA/Merrill with analyst Christopher Carey saying Scotts reported "solid" Q1 results, but he is concerned about difficult comps ahead and market expectations for a guidance raise. 4. GrubHub (GRUB) downgraded to Hold from Buy at Argus with analyst John Staszak saying he believes that the company will see higher costs and margin pressure as it enters new markets and also warns that differentiation challenges relative to the emerging competition could slow its growth rate over the coming several years. 5. Cree (CREE) downgraded to Perform from Outperform at Oppenheimer wth analyst Colin Rusch saying management has executed well on its turnaround plan, but this is currently reflected in the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/06/19
RAJA
05/06/19
DOWNGRADE
RAJA
Outperform
Hilton downgraded to Outperform from Strong Buy at Raymond James
05/06/19
05/06/19
DOWNGRADE
Target $102

Outperform
Hilton downgraded to Outperform on valuation at Raymond James
As previously reported, Raymond James downgraded Hilton to Outperform from Strong Buy and raised its price target to $102 from $92 following the Q1 beat and raise report. Analyst William Crow said Hilton is "firing on all cylinders," but changed his view one notch to reflect valuation.
05/13/19
BREN
05/13/19
DOWNGRADE
BREN
Hold
Hilton downgraded to Hold from Buy at Berenberg
LYFT Lyft
$48.15

-2.89 (-5.66%)

05/08/19
ADAM
05/08/19
NO CHANGE
Target $75
ADAM
Buy
Lyft delivered 'textbook' first public quarter, says Canaccord
Canaccord analyst Michael Graham says Lyft delivered a "textbook" first quarter as a public company, with modest upside on all key metrics, and solid guidance relative to consensus both for Q2 and 2019. Graham, who has a Buy rating and $75 price target on Lyft shares, says he continues to see Lyft offering the hallmarks of an attractive growth equity investment, including a large addressable market with an attractive duopoly structure, a strong value proposition that should get better with scale, and a business model that holds solid room for upside.
05/08/19
JEFF
05/08/19
NO CHANGE
Target $90
JEFF
Buy
Jefferies boosts Lyft target to $90, expects shares to recover
Jefferies analyst Brent Thill raised his price target for Lyft to $90 from $86 saying the company last night delivered a "clean ride out of the gate" in its first quarter as a public company. Lyft showed "strong" momentum in revenue and metrics, "significant" progress in reducing losses, and headed off a long-term concern with a partnership with Waymo, Thill tells investors in a research note. He views the valuation as attractive and expects the shares recover as Lyft executes and misconceptions clear. The analyst keeps a Buy rating on the shares.
05/10/19
WEDB
05/10/19
NO CHANGE
Target $65
WEDB
Outperform
Uber's conservative pricing 'smart and prudent,' says Wedbush
Wedbush analyst Ygal Arounian maintained an Outperform rating on Uber (UBER) with a $65 price target after the ride-hailing company's IPO priced at $45 per share, valuating the company north of $80B. In a research note to investors, Arounian says he views Uber's conservative pricing as a "smart and prudent" strategy coming out of the box as it clearly learned from its "little brother" Lyft (LYFT), and the experience it has gone through over the past month. Arounian says he views Lyft as a "one trick pony" domestic ride sharing player and believes Uber has clearly established itself as the clear #1 player in the ridesharing industry and is paving a similar road to what Amazon (AMZN) did to transform retail and ecommerce and Facebook (FB) did for social media.
05/14/19
GHSC
05/14/19
NO CHANGE
Target $35
GHSC
Sell
Lyft price target lowered to $35 from $42 at Seaport Global
Seaport Global analyst Michael Ward noted that Lyft's (LYFT) revenue nearly doubled in the first quarter but its EBITDA losses were comparable to the year-earlier period, offering this as evidence that the company lacks a clear path to profitability. The analyst, who lowered his price target on Lyft shares to $35 from $42, also cites concerns that demands from drivers and regulatory demands from larger cities could pressure costs further. Ward, who contends that "the bloom is off the rose with the ridesharing services industry" following the IPO of Uber (UBER), keeps a Sell rating on Lyft shares.

TODAY'S FREE FLY STORIES

CVNA

Carvana

$66.99

-0.175 (-0.26%)

21:14
05/21/19
05/21
21:14
05/21/19
21:14
Syndicate
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INSM

Insmed

$26.37

-1.71 (-6.09%)

20:57
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Syndicate
Insmed 9.62M share Secondary priced at $26.00 »

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LOW

Lowe's

$111.10

1.86 (1.70%)

, ADI

Analog Devices

$99.98

2.54 (2.61%)

20:25
05/21/19
05/21
20:25
05/21/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

LOW

Lowe's

$111.10

1.86 (1.70%)

ADI

Analog Devices

$99.98

2.54 (2.61%)

TGT

Target

$72.05

-0.05 (-0.07%)

VFC

VF Corp.

$92.13

1.43 (1.58%)

AAP

Advance Auto Parts

$161.08

2.42 (1.53%)

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20:25
05/21/19
05/21
20:25
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20:25
Conference/Events
CLSA Asian tech analysts to hold an analyst/industry conference call »

Asian Technology Analysts…

SPY

SPDR S&P 500 ETF Trust

$286.50

2.55 (0.90%)

, SPX

S&P 500

$0.00

(0.00%)

20:24
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Periodicals
China ambassador to U.S. says Beijing ready to continue talks, Reuters reports »

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SPY

SPDR S&P 500 ETF Trust

$286.50

2.55 (0.90%)

SPX

S&P 500

$0.00

(0.00%)

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NEO

NeoGenomics

$21.81

-1.38 (-5.95%)

20:12
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05/21
20:12
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20:12
Syndicate
NeoGenomics 7M share Secondary priced at $21.25 »

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BAM

Brookfield

$47.03

0.02 (0.04%)

, BX

Blackstone

$41.79

1.17 (2.88%)

19:29
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05/21
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Periodicals
Brookfield, Fortress among bidders for Anbang hotel portfolio, Bloomberg says »

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BAM

Brookfield

$47.03

0.02 (0.04%)

BX

Blackstone

$41.79

1.17 (2.88%)

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  • 11

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GOLD

Barrick Gold

$12.12

-0.07 (-0.57%)

19:18
05/21/19
05/21
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19:18
Hot Stocks
Barrick says Acacia proposal reflects 'fair value' following Tanzania talks »

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SE

Sea Limited

$25.38

-0.42 (-1.63%)

19:04
05/21/19
05/21
19:04
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19:04
Hot Stocks
Sea Limited reports Q1 QAUs up 114.4% from last year »

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SE

Sea Limited

$25.38

-0.42 (-1.63%)

19:02
05/21/19
05/21
19:02
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19:02
Earnings
Sea Limited reports Q1 EPS (64c), consensus (68c) »

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SNE

Sony

$51.01

-1.195 (-2.29%)

18:48
05/21/19
05/21
18:48
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18:48
Periodicals
Sony aims to bolster cash flow to better compete in chips, games, NAR says »

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  • 10

    Jun

OOMA

Ooma

$14.49

-0.45 (-3.01%)

, CVI

CVR Energy

$47.29

0.9 (1.94%)

18:47
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05/21
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18:47
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Ooma…

OOMA

Ooma

$14.49

-0.45 (-3.01%)

CVI

CVR Energy

$47.29

0.9 (1.94%)

PVH

PVH Corp.

$108.53

2.5075 (2.37%)

PSTG

Pure Storage

$20.60

0.6 (3.00%)

JWN

Nordstrom

$37.88

0.42 (1.12%)

URBN

Urban Outfitters

$27.01

0.05 (0.19%)

TOL

Toll Brothers

$38.34

0.82 (2.19%)

ONCS

OncoSec

$3.95

0.149 (3.92%)

EKSO

Ekso Bionics

$1.84

-0.06 (-3.16%)

TOCA

Tocagen

$8.81

-0.18 (-2.00%)

LIQT

LiqTech

$9.29

-0.21 (-2.21%)

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TREX

Trex Company

$61.44

2.38 (4.03%)

18:45
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Hot Stocks
Trex Company CEO: There is no demand issue »

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    Nov

CRMT

America's Car-Mart

$101.76

1.74 (1.74%)

18:34
05/21/19
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Earnings
America's Car-Mart reports Q4 EPS $2.07, consensus $1.82 »

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JCOM

j2 Global

$87.23

0.75 (0.87%)

18:25
05/21/19
05/21
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18:25
Hot Stocks
j2 Global CFO sells 5.6K shares of common stock »

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NVS

Novartis

$82.38

0.36 (0.44%)

18:24
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05/21
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18:24
Hot Stocks
Novartis CEO: We are entering an exciting growth phase for the company »

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  • 23

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EADSY

Airbus

$0.00

(0.00%)

18:20
05/21/19
05/21
18:20
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18:20
Periodicals
Airbus in talks to find resolution to German arms export row, Reuters says »

Airbus CEO Guillaume…

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AGRO

Adecogro

$6.50

0.07 (1.09%)

18:19
05/21/19
05/21
18:19
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18:19
Earnings
Adecogro reports Q1 adjusted EBITDA $58.3M, down 5.9% from last year »

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GOOG

Alphabet

$1,149.14

10.81 (0.95%)

, GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

18:01
05/21/19
05/21
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18:01
Hot Stocks
Google updates policy on abortion-related ads »

Google said in a post…

GOOG

Alphabet

$1,149.14

10.81 (0.95%)

GOOGL

Alphabet Class A

$1,154.26

8.98 (0.78%)

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HAIN

Hain Celestial

$23.90

0.45 (1.92%)

17:50
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05/21
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Hot Stocks
Engaged Capital raises stake in Hain Celestial to 20.2% from 18.3% »

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NTDOY

Nintendo

$0.00

(0.00%)

17:48
05/21/19
05/21
17:48
05/21/19
17:48
Hot Stocks
Nintendo to end 'Animal Crossing,' 'Fire Emblem' mobile game service in Belgium »

Nintendo announced that,…

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URBN

Urban Outfitters

$27.01

0.05 (0.19%)

17:44
05/21/19
05/21
17:44
05/21/19
17:44
Hot Stocks
Urban Outfitters sees Q2 URBN retail SSS in low single-digit negative range »

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GLD

SPDR Gold Shares

$120.34

-0.31 (-0.26%)

17:42
05/21/19
05/21
17:42
05/21/19
17:42
Hot Stocks
SPDR Gold Shares holdings rise to 739.69MT from 736.17MT »

This is the highest level…

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ASCMA

Ascent Capital

$0.91

0.0502 (5.87%)

17:38
05/21/19
05/21
17:38
05/21/19
17:38
Hot Stocks
Ascent Capital and Monitronics International announce restructuring support pact »

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TRS

TriMas

$30.33

0.39 (1.30%)

17:33
05/21/19
05/21
17:33
05/21/19
17:33
Hot Stocks
TriMas VP Joshua Sherbin sells over $646K in company shares »

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