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UBER

Uber

$38.03

0.88 (2.37%)

, MS

Morgan Stanley

$44.43

0.24 (0.54%)

13:16
05/14/19
05/14
13:16
05/14/19
13:16

Uber underwriters used 'naked short' to offset sellling pressure, CNBC reports

The underwriters of Uber's (UBER) initial public offering, led by Morgan Stanley (MS), deployed a "naked short" strategy in an attempt to provide support for the stock, Leslie Picker of CNBC reports, citing four people with knowledge of the matter. The move allowed underwriters to sell shares in excess of the greenshoe portion and then buy them back in the open market in order to offset selling pressure, Picker explains. Reference Link

UBER

Uber

$38.03

0.88 (2.37%)

MS

Morgan Stanley

$44.43

0.24 (0.54%)

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    May

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    Jun

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    Jun

UBER Uber
$38.03

0.88 (2.37%)

05/03/19
05/03/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with an Underweight at Atlantic Equities. 2. Contura Energy (CTRA) initiated with a Buy at Seaport Global. 3. Uber (UBER) initiated with a Neutral at Atlantic Equities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/08/19
PIPR
05/08/19
NO CHANGE
Target $78
PIPR
Overweight
Lyft reported strong quarter out of the gates, says Piper Jaffray
Lyft reported revenue and adjusted EBITDA ahead of consensus, while also guiding both Q2 and fiscal 2019 above the Street, Piper Jaffray analyst Michael Olson tells investors in a research note partially titled "Strong Out of the Gates." The company indicated that, while it continues to spend aggressively on various initiatives, the competitive pressure on rider incentives for core ridesharing has receded to some degree, adds Olson. He sees this as a sign of a rational duopoly between Lyft and Uber (UBER) for the time being. The analyst recommends owning Lyft shares as these levels and maintains an Overweight rating on the name with a $78 price target.
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.
MS Morgan Stanley
$44.43

0.24 (0.54%)

04/18/19
SBSH
04/18/19
DOWNGRADE
Target $48
SBSH
Neutral
Morgan Stanley downgraded to Neutral from Buy at Citi
Citi analyst Keith Horowitz downgraded Morgan Stanley to Neutral from Buy with an unchanged price target of $48. The analyst finds the stock fairly valued following the company's Q1 results.
04/18/19
SBSH
04/18/19
DOWNGRADE
Target $48
SBSH
Neutral
Citi downgrades Morgan Stanley to Neutral despite 'strong' Q1 results
Citi analyst Keith Horowitz downgraded Morgan Stanley to Neutral from Buy with an unchanged price target of $48. The stock in premarket trading is down 45c to $47.81. Morgan reported "strong" Q1 results but the shares are fairly valued, Horowitz tells investors in a research note. The analyst points out the stock has outperformed peers by rallying 22% year-to-date. Though Morgan Stanley has "very high quality" franchises and the potential to continue to gain market share, "we'd rather be on the sidelines in the near-term," says Horowitz.
04/18/19
BMOC
04/18/19
NO CHANGE
Target $68
BMOC
Outperform
Morgan Stanley price target raised to $68 from $65 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Morgan Stanley to $68 and kept his Outperform rating after its "broad based" Q1 earnings beat, also raising his FY19 and FY20 EPS view by 22c and $1.11 to $5.16 and $5.95 respectively. The analyst contends that at a 2-year-forward rolling earnings multiple of 7.9-times, the market "fails to appreciate" Morgan Stanley's wealth management-rich business mix, while also pointing to the "pent-up deal pipeline" for the rest of the 2019.
04/18/19
04/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying Morgan Stanley reported "strong" Q1 results but the shares are fairly valued. 2. Snap (SNAP) downgraded to Negative from Mixed at Vertical Group and to Neutral from Outperform at Wedbush. 3. Rite Aid (RAD) downgraded with a Sell from Neutral at Guggenheim while Walgreens Boots Alliance (WBA) was downgraded with a Neutral from Buy. 4. CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill with analyst Steve Byrne saying he has spoken with 10 key channel contacts in the Cornbelt and several commented that never in their 30-plus year careers have they seen fertilizer applications this far behind, mainly due to the weather. 5. FMC Corporation (FMC) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the "uncertainty of Rynaxypyr and Cyazypyr patent expiration" as well as the reduced multiple from the recent lithium separation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

UPS

UPS

$99.40

0.89 (0.90%)

, CLNE

Clean Energy

$2.77

-0.02 (-0.72%)

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CLNE

Clean Energy

$2.77

-0.02 (-0.72%)

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ONCS

OncoSec

$3.95

0.149 (3.92%)

08:36
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VNO

Vornado

08:36
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05/22
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DY

Dycom

$57.05

11.38 (24.92%)

08:36
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08:36
Recommendations
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  • 18

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AAPL

Apple

$186.58

3.52 (1.92%)

08:34
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08:34
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  • 03

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GDOT

Green Dot

$47.96

0.02 (0.04%)

08:34
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05/22
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08:34
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Green Dot enters $100M accelerated stock repurchase program »

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  • 23

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    Jun

QCOM

Qualcomm

$77.78

1.17 (1.53%)

08:33
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05/22
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08:33
Hot Stocks
Qualcomm 'strongly disagrees' with ruling in FTC case, will seek immediate stay »

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  • 31

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KDP

Keurig Dr Pepper

$29.08

-0.075 (-0.26%)

08:32
05/22/19
05/22
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08:32
Hot Stocks
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  • 07

    Jun

TGT

Target

$72.05

-0.05 (-0.07%)

08:31
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05/22
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08:31
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Breaking Hot Stocks news story on Target »

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  • 22

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AVP

Avon Products

$3.20

0.06 (1.91%)

08:30
05/22/19
05/22
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AMC

AMC Entertainment

$13.20

0.18 (1.38%)

, CUBI

Customers Bancorp

$21.04

0.25 (1.20%)

08:29
05/22/19
05/22
08:29
05/22/19
08:29
Conference/Events
B. Riley FBR to hold a conference »

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AMC

AMC Entertainment

$13.20

0.18 (1.38%)

CUBI

Customers Bancorp

$21.04

0.25 (1.20%)

ACST

Acasti Pharma

$0.90

0.02 (2.27%)

MAMS

MAM Software

$8.90

0.07 (0.79%)

BW

Babcock & Wilcox

$0.43

-0.003 (-0.69%)

HL

Hecla Mining

$1.46

0.05 (3.56%)

FBIO

Fortress Biotech

$1.93

0.02 (1.05%)

HIIQ

Health Insurance Innovations

$26.31

1.4 (5.62%)

NG

NovaGold

$3.84

0.02 (0.52%)

MNOV

MediciNova

$10.98

0.37 (3.49%)

IMI

Intermolecular

$1.18

0.005 (0.43%)

CHMI

Cherry Hill Mortgage

$17.30

0.18 (1.05%)

ARC

ARC Document

$2.14

0.06 (2.88%)

CARB

Carbonite

$25.75

0.28 (1.10%)

BHR

Braemar Hotels & Resorts

$12.31

(0.00%)

CTG

Computer Task Group

$4.44

-0.06 (-1.33%)

CSWC

Capital Southwest

$22.31

-0.02 (-0.09%)

NLS

Nautilus

$3.18

-0.06 (-1.85%)

INSW

International Seaways

$19.69

-0.09 (-0.46%)

FNV

Franco-Nevada

$75.94

0.02 (0.03%)

DLA

Delta Apparel

$21.53

-0.03 (-0.14%)

LOV

Spark Networks

$13.20

-0.1 (-0.75%)

MOTS

Motus GI Holdings

$3.73

-0.15 (-3.87%)

PDFS

PDF Solutions

$12.40

0.17 (1.39%)

ELY

Callaway Golf

$14.85

-0.17 (-1.13%)

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    Oct

SNE

Sony

$51.01

-1.195 (-2.29%)

08:27
05/22/19
05/22
08:27
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08:27
Periodicals
Sony CEO calls smartphone business 'indispensable' to portfolio, Reuters reports »

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  • 10

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TGT

Target

$72.05

-0.05 (-0.07%)

08:25
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Breaking Hot Stocks news story on Target »

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  • 22

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LPLA

LPL Financial

$83.85

2.06 (2.52%)

08:25
05/22/19
05/22
08:25
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08:25
Conference/Events
LPL Financial to host investor & analyst day »

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  • 22

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TMO

Thermo Fisher

$265.44

2.31 (0.88%)

08:25
05/22/19
05/22
08:25
05/22/19
08:25
Conference/Events
Thermo Fisher to host analyst meeting »

Analyst meeting to be…

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  • 22

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BTAI

BioXcel Therapeutics

$11.00

-0.03 (-0.27%)

08:25
05/22/19
05/22
08:25
05/22/19
08:25
Conference/Events
BioXcel Therapeutics to host investor day »

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  • 22

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VFC

VF Corp.

$92.13

1.43 (1.58%)

08:24
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  • 22

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  • 06

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08:22
05/22/19
05/22
08:22
05/22/19
08:22
Conference/Events
Capital Link to hold a forum »

18th Annual Capital Link…

LTHM

Livent

$7.25

0.06 (0.83%)

08:22
05/22/19
05/22
08:22
05/22/19
08:22
Recommendations
Livent analyst commentary  »

Livent has 'greater…

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HSBC

HSBC

$41.70

0.26 (0.63%)

08:21
05/22/19
05/22
08:21
05/22/19
08:21
Periodicals
HSBC to add 1,000 jobs at China technology development centers, Reuters reports »

HSBC plans to add more…

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  • 03

    Jun

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:20
05/22/19
05/22
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08:20
Technical Analysis
DJ Transportation Average: Pivot points »

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VSAT

ViaSat

$88.70

0.23 (0.26%)

08:20
05/22/19
05/22
08:20
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08:20
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ViaSat selected by Space Enterprise Consortium to deliver first LEO spacecraft »

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  • 23

    May

RIG

Transocean

$7.63

0.24 (3.25%)

, FTI

TechnipFMC

$23.54

0.58 (2.53%)

08:20
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05/22
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05/22/19
08:20
Conference/Events
UBS to hold a conference »

Global Oil & Gas…

RIG

Transocean

$7.63

0.24 (3.25%)

FTI

TechnipFMC

$23.54

0.58 (2.53%)

OXY

Occidental Petroleum

$53.53

0.04 (0.07%)

HES

Hess Corp.

$66.45

1.16 (1.78%)

DO

Diamond Offshore

$9.64

0.085 (0.89%)

EOG

EOG Resources

$95.69

2.01 (2.15%)

NBR

Nabors Industries

$3.28

0.07 (2.18%)

MUR

Murphy Oil

$27.49

0.55 (2.04%)

PDS

Precision Drilling

$2.15

0.02 (0.94%)

03/08/13
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    Jul

$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
05/22/19
05/22
08:20
05/22/19
08:20
Technical Analysis
DJ Utility Average: Pivot points »

The following are the…

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
05/22/19
05/22
08:20
05/22/19
08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

The following are the…

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