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WBA

Walgreens Boots Alliance

$52.77

0.53 (1.01%)

, CVS

CVS Health

$53.51

0.51 (0.96%)

04:55
05/22/19
05/22
04:55
05/22/19
04:55

International Council of Shopping Centers to hold a conference

RECon 2019 will be held in Las Vegas on May 19-22.

WBA

Walgreens Boots Alliance

$52.77

0.53 (1.01%)

CVS

CVS Health

$53.51

0.51 (0.96%)

  • 04

    Jun

  • 18

    Jun

WBA Walgreens Boots Alliance
$52.77

0.53 (1.01%)

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.
04/25/19
BARD
04/25/19
NO CHANGE
Target $336
BARD
Outperform
Smile Direct, CVS news 'good' for Align Technology, says Baird
Smile Direct Club announced an expanded agreement with CVS (CVS) and an agreement with Aetna Dental, which Baird analyst Jeff Johnson could likely drive additional clear aligner awareness, something that should be good for the industry, and, specifically Align Technology (ALGN), where early efforts with Walgreens (WBA) "seem to be developing" and where traction remains strong through DSOs. The analyst maintains an Outperform rating and $336 price target on Align Technology shares.
04/25/19
DESJ
04/25/19
INITIATION
DESJ
Buy
Desjardins initiates HEXO Corp, Canopy Growth, Aurora Cannabis with a Buy
Desjardins analyst John Chu initiated HEXO Corp (HEXO), Canopy Growth (CGC), and Aurora Cannabis (ACB) with a Buy rating and respective price targets of C$14, C$74, and C$16.50 as part of a broad research note, saying the "hype" around legalization of adult-use cannabis in Canada remains strong in spite of "underwhelming" early months of sales. The analyst attributes the challenges to ramp-up, logistical and distribution issues, but expects investors to consider the opportunity as a "global" one. Chu believes that "major" consumer packaged goods companies like Constellation (STZ), InBev (BUD), and Altria (MO), as well as retailers like Walgreens (WBA), CVS (CVS), and Rite Aid (RAD) should "help push cannabis and hemp into the mainstream."
05/14/19
RAJA
05/14/19
NO CHANGE
RAJA
Walgreens could target Amerisource, LabCorp if it seeks M&A, says Raymond James
Raymond James analyst John Ransom said he thinks that "the temptation" for Walgreens (WBA) to do "something" in terms of M&A will grow over time and the "something" it may consider could include either acquiring AmerisourceBergen (ABC) or LabCorp (LH). His analysis points to LabCorp being a less complicated, "but much less accretive," deal, said Ransom. Given Walgreens' existing ownership of about a 26% stake in AmerisourceBergen, he estimates 16% accretion from buying the company for $95 per share in cash if he assumes $500M of synergies and $2B of opioid fines financed with debt, the analyst tells investors. Though such a deal would make financial sense, he does not think investors would "be overly excited about the strategic upside," Ransom tells investors. While he argues that LabCorp "offers more strategic upside," such a hypothetical deal also has less financial benefit, according to Ransom.
CVS CVS Health
$53.51

0.51 (0.96%)

04/29/19
04/29/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lionsgate (LGF, LGF.A, LGF.B) downgraded to In-Line from Outperform at Imperial Capital with analyst David Miller citing additional promotional expenses related to the Starz international rollout. 2. Occidental Petroleum (OXY) downgraded to Hold from Buy at Jefferies with analyst Jason Gammel saying the company's hostile counter-offer for Anadarko (APC) is a "risky but perhaps necessary move against a better-capitalized bidder for a company that rejected its initial overtures." 3. CVS Health (CVS) downgraded to Neutral from Outperform at Credit Suisse with analyst A.J. Rice saying the stock faces a transitional year as it tries to drive seismic changes in healthcare. 4. Intel (INTC) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing the company's Q1 earnings miss and reduced FY19 outlook that reflected the company's Data Center Group weakness, which he calls "the linchpin of growth." 5. 3M (MMM) downgraded to Hold from Buy at Gordon Haskett with analyst John Inch downgraded saying his concerns extend beyond the company's Q1 earnings miss and steep guidance reduction. 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
PIPR
04/30/19
NO CHANGE
PIPR
Overweight
Piper says LabCorp may be taking incremental volume from regional payers
After LabCorp (LH) reported a mixed Q1, with better than expected earnings and lower than expected revenue, Piper Jaffray analyst William Quirk said he found it interesting that management noted volumes from UnitedHealth (UNH) and CVS Health's (CVS) Aetna is stable after the initial decline in January. He thinks this implies that LabCorp and Quest (DGX) are likely taking some incremental volume from regional payers, adding that this is sooner than he anticipated following the new managed care deals. However, management "remains coy" about the future impact from other volume consolidating programs, such as UnitedHealth's Preferred Lab Network, according to Quirk. He keeps an Overweight rating on LabCorp shares.
05/02/19
UBSW
05/02/19
NO CHANGE
Target $67
UBSW
Sell
CVS Health price target lowered to $67 from $74 at UBS
UBS analyst Kevin Caliendo lowered his price target on CVS Health to $67 and kept his Sell rating, saying that while its Q1 earnings topped consensus by 12c, its guidance for the balance of FY19 was only raised by 5c and the Retail segment EBIT was below his expectations. The analyst expects investor focus to shift to the company's upcoming Analyst Day in June.
05/02/19
BARD
05/02/19
NO CHANGE
Target $63
BARD
Neutral
CVS Health report 'less exciting' upon review, says Baird
Baird analyst Eric Coldwell said he believes upon further review that CVS Health's upside came primarily from a prior period reserve benefit at Aetna and he thinks evidence of long-term challenges continues to mount. In a note entitled "Beat and Raise Less Exciting Upon Further Review," Coldwell said he thinks the near-term bias for the stock is up, but this report "was not a clearing event." He keeps a Neutral rating on CVS shares and lowered his price target on the stock to $63 from $68.

TODAY'S FREE FLY STORIES

BAC

Bank of America

$27.93

-0.1 (-0.36%)

16:35
06/17/19
06/17
16:35
06/17/19
16:35
Upgrade
Bank of America rating change  »

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  • 17

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CYAD

Celyad

$13.50

-5.28 (-28.12%)

16:35
06/17/19
06/17
16:35
06/17/19
16:35
Hot Stocks
Celyad presents clinical update for CYAD-01 trials »

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CINR

Ciner Resources

$18.87

-0.28 (-1.46%)

16:35
06/17/19
06/17
16:35
06/17/19
16:35
Hot Stocks
Ciner Resource Partners CEO Kirk Milling resigns »

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HBAYF

Hudson's Bay

$0.00

(0.00%)

16:34
06/17/19
06/17
16:34
06/17/19
16:34
Hot Stocks
Hudson's Bay CFO to take medical leave of absence »

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ARRY

Array BioPharma

$46.42

16.83 (56.88%)

16:34
06/17/19
06/17
16:34
06/17/19
16:34
Recommendations
Array BioPharma analyst commentary  »

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VNTR

Venator Materials

$4.93

-0.165 (-3.24%)

16:33
06/17/19
06/17
16:33
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16:33
Hot Stocks
Venator Materials responds to Tronox answer, counterclaims »

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MGI

MoneyGram

$1.44

-0.06 (-4.00%)

16:32
06/17/19
06/17
16:32
06/17/19
16:32
Hot Stocks
MoneyGram enters strategic partnership with Ripple »

MoneyGram announced that…

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  • 27

    Jun

CAAP

Corporacion America Airport

$7.97

0.24 (3.10%)

16:32
06/17/19
06/17
16:32
06/17/19
16:32
Hot Stocks
Corporacion America Airport reports May traffic up 3.3% y/y »

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SNV

Synovus

$32.71

-0.3 (-0.91%)

16:32
06/17/19
06/17
16:32
06/17/19
16:32
Hot Stocks
Synovus increases share repurchase authorization to $725M »

Synovus announced that…

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  • 18

    Jun

  • 19

    Jun

HCHC

HC2 Holdings

$2.51

0.06 (2.45%)

16:31
06/17/19
06/17
16:31
06/17/19
16:31
Hot Stocks
HC2 Holdings company American Natural Gas acquires ampCNG for $41M »

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16:30
06/17/19
06/17
16:30
06/17/19
16:30
Options
Preliminary option volume of 14.6M today »

Preliminary option volume…

SRNE

Sorrento Therapeutics

$3.63

0.49 (15.61%)

16:30
06/17/19
06/17
16:30
06/17/19
16:30
Syndicate
Breaking Syndicate news story on Sorrento Therapeutics »

Sorrento Therapeutics…

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16:30
06/17/19
06/17
16:30
06/17/19
16:30
General news
Treasury capital data showed inflows of $46.9 B in long term U.S. assets in April »

Treasury capital data…

ASLN

Aslan Pharmaceuticals

$3.32

-0.23 (-6.48%)

16:27
06/17/19
06/17
16:27
06/17/19
16:27
Syndicate
Aslan Pharmaceuticals files to sell $17.34M of ADSs »

ASLAN Pharmaceuticals…

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SQ

Square

$72.22

0.65 (0.91%)

16:25
06/17/19
06/17
16:25
06/17/19
16:25
Hot Stocks
Square dismisses KPMG as auditor, engages Ernst & Young »

Square disclosed in a…

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  • 18

    Jun

  • 27

    Jun

  • 01

    Aug

SNDK

Bought by WDC

$0.00

(0.00%)

, WDC

Western Digital

$36.26

-0.07 (-0.19%)

16:22
06/17/19
06/17
16:22
06/17/19
16:22
Hot Stocks
Nvidia names Donald Robertson as Chief Accounting Officer »

Nvidia (NVDA) announced…

SNDK

Bought by WDC

$0.00

(0.00%)

WDC

Western Digital

$36.26

-0.07 (-0.19%)

NVDA

Nvidia

$144.98

0.39 (0.27%)

03/08/13
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03/06/13
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  • 09

    Jul

  • 15

    Aug

CINR

Ciner Resources

$18.87

-0.28 (-1.46%)

16:22
06/17/19
06/17
16:22
06/17/19
16:22
Hot Stocks
Ciner Resources CEO Kirk Milling to resign »

Ciner Resources announced…

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ACMR

ACM Research

$16.68

-0.57 (-3.30%)

16:22
06/17/19
06/17
16:22
06/17/19
16:22
Hot Stocks
ACM Research subsidiary executes agreements to prepare for STAR Market listing »

ACM Research announced a…

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  • 09

    Jul

  • 10

    Jul

LTXB

LegacyTexas Financial

$38.91

0.69 (1.81%)

16:22
06/17/19
06/17
16:22
06/17/19
16:22
Downgrade
LegacyTexas Financial rating change  »

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  • 17

    Jun

  • 26

    Aug

SQ

Square

$72.22

0.65 (0.91%)

16:21
06/17/19
06/17
16:21
06/17/19
16:21
Hot Stocks
Breaking Hot Stocks news story on Square »

Square dismisses KPMG as…

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  • 18

    Jun

  • 27

    Jun

  • 01

    Aug

PFE

Pfizer

$42.87

0.12 (0.28%)

, ARRY

Array BioPharma

$46.42

16.83 (56.88%)

16:21
06/17/19
06/17
16:21
06/17/19
16:21
On The Fly
Fly Intel: Wall Street's top stories for Monday »

Stocks drifted higher for…

PFE

Pfizer

$42.87

0.12 (0.28%)

ARRY

Array BioPharma

$46.42

16.83 (56.88%)

BID

Sotheby's

$56.13

20.735 (58.59%)

CJ

C&J Energy Services

$12.88

2.15 (20.05%)

FRAC

Keane Group

$7.49

0.495 (7.08%)

GM

General Motors

$36.13

0.47 (1.32%)

BA

Boeing

$354.90

7.71 (2.22%)

ARQL

ArQule

$9.56

1.39 (17.01%)

PAYS

Paysign

$11.32

-1.38 (-10.87%)

AHT

Ashford Hospitality

$3.50

-0.15 (-4.11%)

03/08/13
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03/06/13
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  • 17

    Jun

  • 17

    Jun

  • 17

    Jun

  • 17

    Jun

  • 09

    Jul

  • 01

    Aug

  • 12

    Aug

  • 28

    Aug

  • 16

    Sep

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
06/17/19
06/17
16:20
06/17/19
16:20
Options
Closing CBOE SPX and VIX Index summary for June 17th »

The CBOE Volatility Index…

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EQT

EQT Corporation

$15.85

0.05 (0.32%)

16:19
06/17/19
06/17
16:19
06/17/19
16:19
Hot Stocks
EQT Corporation sees Q2 sales volumes 'at high end of guidance range' »

EQT Corporation provided…

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  • 10

    Jul

EIGR

Eiger BioPharmaceuticals

$10.49

0.35 (3.45%)

16:18
06/17/19
06/17
16:18
06/17/19
16:18
Hot Stocks
Eiger BioPharmaceuticals: Breakthrough Therapy Designation granted for avexitide »

Eiger BioPharmaceuticals…

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PLT

Poly

$43.05

-1.61 (-3.61%)

16:17
06/17/19
06/17
16:17
06/17/19
16:17
Conference/Events
Poly participates in an investor webinar with Northland Capital Markets »

Northland Capital Markets…

03/08/13
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  • 18

    Jun

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    Jun

  • 13

    Nov

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