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MSFT

Microsoft

$127.09

0.9 (0.71%)

, AAPL

Apple

$187.52

4.46 (2.44%)

14:15
05/21/19
05/21
14:15
05/21/19
14:15

Microsoft cuts Huawei laptop from store, Verge says

According to a story from Tom warren of the Verge, Microsoft (MSFT) looks to be the latest U.S. technology firm "complying with President Trump's new executive order to crack down on Chinese tech companies." Microsoft has not commented on "whether it will prevent the Chinese company from obtaining Windows licenses," added the Verge. "Huawei's MateBook X Pro is one of the best Windows laptops available in the US right now, but without a Windows license, it's no longer a viable alternative to Apple's (AAPL) MacBook Pro or the HP (HPQ) Spectre x360 and even Microsoft's own Surface lineup. Microsoft appears to have stopped selling Huawei's MateBook X Pro at the company's online store, too," added the Verge. Reference Link

MSFT

Microsoft

$127.09

0.9 (0.71%)

AAPL

Apple

$187.52

4.46 (2.44%)

HPQ

HP Inc.

$19.55

0.6 (3.17%)

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    Aug

MSFT Microsoft
$127.09

0.9 (0.71%)

05/20/19
CHLM
05/20/19
DOWNGRADE
Target $35
CHLM
Hold
Cray downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum analyst Chad Bennett downgraded Cray (CRAY) to Hold from Buy and lowered his price target on the shares to $35 from $36 after HP Enterprise (HPE) announced that it has entered into an agreement to purchase the company for $35.00 per share in cash, totaling $1.3B net of cash. The analyst believes the possibility of another buyer coming in over the top is fairly low, but notes that the price is "too low" based on the opportunities Cray has in front of it over the next few years. Furthermore, Bennett believes there would be a number of interested parties in Cray including Microsoft (MSFT), Dell (DELL), Intel (INTC), Alphabet (GOOG), Amazon (AMZN), and potentially IBM (IBM).
05/20/19
UBSW
05/20/19
NO CHANGE
Target $150
UBSW
Buy
Microsoft's Azure adoption proceeding well, says UBS
UBS analyst Jennifer Lowe kept her Buy rating and $150 price target on Microsoft after meeting with its Investor Relations executives last week, saying the discussions affirmed her view that adoption of the company's Azure is going well. The analyst expects Microsoft's margins to "work higher", adding that she is also positive on the company's growth prospects around Office 365 and cloud gaming. Lowe expects Microsoft to hold its current enterpise value to free cash flow multiple amid underlying growth in spite of the company investing more in its growth initiatives.
05/17/19
CHLM
05/17/19
DOWNGRADE
CHLM
Hold
Craig-Hallum downgrades Cray to Hold, but says bidding war possible
Craig-Hallum analyst Chad Bennett downgrade Cray (CRAY) to Hold from Buy after the company announced a deal to be acquired by HP Enterprise (HPE) for $35 per share, but he added that he thinks a bidding war is possible since he doesn't believe the stock buyout price "has even begun to value" Cray's proprietary interconnect technology and its modular software stack for next generation AI/ML workloads. He believes there could be a number of interested parties in Cray including Microsoft (MSFT), Dell (DELL), Intel (INTC), Google (GOOG), Amazon (AMZN) and potentially IBM (IBM).
05/17/19
BARD
05/17/19
NO CHANGE
BARD
Sony, Microsoft JV a 'surprsing turn' in 'battle for living room,' says Baird
Baird analyst Colin Sebastian said he views the joint venture pact between competitors Microsoft (MSFT) and Sony (SNE) on cloud-based gaming services as both "surprising" and a validation of the emerging market for streaming. The two companies clearly view video games as strategically important enough to put aside their intense competition and see Google (GOOGL) as a legitimate competitor and the Stadia streaming platform as a credible threat, said Sebastian, who added that he does not believe this means Sony and Microsoft will forego their separate console hardware platforms. He also believes that video game developers and publishers should benefit from the intensifying battle among platform companies for share of the game market and the "living room audience." Publicly traded game makers include Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two (TTWO).
AAPL Apple
$187.52

4.46 (2.44%)

05/17/19
NOMU
05/17/19
NO CHANGE
Target $175
NOMU
Neutral
Apple price target lowered to $175 from $180 at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal lowered his price target for Apple to $175 from $180 saying the renewal of China trade tensions is a likely near-term negative for the company. The analyst reduced his fiscal 2019 estimates out of trade caution. Further, Kvaal says the "record low" Q1 upgrade rates at U.S. operators also suppress his optimism for a long-term recovery in replacement rates, which he expects to weigh on Apple's fiscal 2020 estimates.
05/20/19
HSBC
05/20/19
NO CHANGE
Target $174
HSBC
Reduce
Apple price target lowered to $174 from $180 at HSBC
HSBC analyst Erwan Rambourg lowered his price target for Apple to $174 from $180 while maintaining a Reduce rating on the shares. Apple closed Friday down $1.08 to $189.00. China "remains an issue and we don't see it going away anytime soon," Rambourg tells investors in a research note. Further, company communication around the Services unit "cannot compensate for the reality of a shrinking core iPhone product," adds the analyst. Rambourg cites renewed China growth risk and tariffs for his decreased price target.
05/21/19
FBCO
05/21/19
NO CHANGE
Target $209
FBCO
Neutral
Recent actions elevated near-term risks for Apple in China, says Credit Suisse
Credit Suisse analyst Matthew Cabral notes that three recent actions have elevated the near-term risks for Apple in China, namely the Trump administration's tariff increase on $200B of Chinese exports, the USTR listing of an additional $300B in Chinese exports that could be subject to future tariffs, and the U.S. Department of Commerce adding Huawei to its "Entity List." While Apple's products largely fall outside the scope of current U.S. tariffs on Chinese goods, the analyst is more concerned with potential "second derivative" impacts on local demand and implications of a further escalation from here. Further, he sees a potential impact to margins and/or unit sales if the administration moves forward with tariffs on the additional $300B of Chinese exports and sees increased risk of retaliation following the recent addition of Huawei to the "Entity List." Cabral reiterates a Neutral rating and $209 price target on the shares.
05/20/19
BERN
05/20/19
NO CHANGE
BERN
Apple iPhone margins likely to continue to decline, says Bernstein
Bernstein analyst A.M. Sacconaghi Jr. believes Apple's iPhone margins are likely to continue to decline, perhaps at 100bps-plus per year for the next several years, as iPhone ASPs and gross margins remain "dramatically" higher than competitors. On the flip side, while Service margins have improved significantly, the analyst suspects that new services offerings could have lower margins.
HPQ HP Inc.
$19.55

0.6 (3.17%)

04/11/19
04/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with a Hold at HSBC. 2. Apple (AAPL), Dell Technologies (DELL), and HP Inc. (HPQ) initiated with a Neutral at Credit Suisse. 3. Yeti (YETI) initiated with an Outperform at Cowen. 4. CVS Health (CVS) initiated with a Market Perform at BMO Capital. 5. Canadian Solar (CSIQ) assumed with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/19
SBSH
04/17/19
NO CHANGE
Target $44
SBSH
Buy
Xerox could be strategic acquisition target after EFI deal, says Citi
Citi analyst Jim Suva points out that the buyout of Electronics for Imaging (EFII) by private equity contains a 45 day "go-shop" period. With the print industry maturing, the analyst believes both HP Inc. (HPQ) and XRX (XRX) will now "more aggressively look" at Electronics for Imaging as a strategic asset in terms of revenue growth, earnings accretion, and cash flow. Further, Xerox could be a strategic acquisition for private equity or HP given its annual cash flow of $1B-plus and cost structure that could be significantly reduced, Suva tells investors in a research note. The analyst keeps a Buy rating on Electronics for Imaging and boosted his price target for the shares to $44.
05/14/19
WOLF
05/14/19
DOWNGRADE
Target $21
WOLF
Peer Perform
HP Inc. downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research downgraded HP Inc to Peer Perform from Outperform saying VAR checks indicate printing demand will remain under pressure thru the rest of F19, with no major positive catalyst ahead.
04/11/19
FBCO
04/11/19
INITIATION
Target $21
FBCO
Neutral
HP Inc. initiated with a Neutral at Credit Suisse
Credit Suisse analyst Matt Cabral started coverage of HP Inc. with a Neutral rating and a $21 price target. The analyst sees supplies as a "key concern" following the disappointing inventory reset, despite "steady" gains on PC share and free cash flow.

TODAY'S FREE FLY STORIES

KHC

Kraft Heinz

$30.51

-0.98 (-3.11%)

07:26
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GRUB

GrubHub

$72.05

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, MCD

McDonald's

$203.92

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MCD

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$203.92

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SBUX

Starbucks

$83.65

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ERI

Eldorado Resorts

$45.86

-5.36 (-10.46%)

07:25
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BPOP

Popular

$52.70

0.37 (0.71%)

07:23
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MYGN

Myriad Genetics

$23.04

-0.47 (-2.00%)

07:23
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  • 28

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HEXO

HEXO Corp

$5.35

-0.245 (-4.38%)

07:20
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AVXL

Anavex

$3.25

-0.12 (-3.56%)

07:20
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ANGI

Angi Homeservices

$14.38

-0.21 (-1.44%)

07:19
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  • 26

    Jun

BHF

Brighthouse Financial

$38.10

-0.01 (-0.03%)

07:19
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AGTC

Applied Genetic

$3.80

-0.145 (-3.68%)

, AERI

Aerie Pharmaceuticals

$30.21

-0.7 (-2.26%)

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Applied Genetic names Theresa Heah CMO, Brian Krex general counsel »

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AGTC

Applied Genetic

$3.80

-0.145 (-3.68%)

AERI

Aerie Pharmaceuticals

$30.21

-0.7 (-2.26%)

ALXN

Alexion

$126.92

-5.55 (-4.19%)

03/08/13
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MCHP

Microchip

$85.16

0.08 (0.09%)

07:16
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SLAB

Silicon Labs

$96.26

-0.41 (-0.42%)

07:14
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LNC

Lincoln National

07:14
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  • 01

    Aug

TRI

Thomson Reuters

$65.83

-0.16 (-0.24%)

07:13
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BHVN

Biohaven Pharmaceutical

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SHW

Sherwin-Williams

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0.225 (0.05%)

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ARVN

Arvinas

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TIF

Tiffany

$91.86

-1.78 (-1.90%)

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07:10
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FDS

FactSet

$293.20

-4.89 (-1.64%)

07:10
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  • 25

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ABBV

AbbVie

$78.41

-0.37 (-0.47%)

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Allergan

$129.65

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ABBV

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$78.41

-0.37 (-0.47%)

AGN

Allergan

$129.65

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NTRA

Natera

$24.69

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CZR

Caesars

$11.43

1.44 (14.41%)

, ERI

Eldorado Resorts

$45.86

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CZR

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$11.43

1.44 (14.41%)

ERI

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$45.86

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FDS

FactSet

$293.20

-4.89 (-1.64%)

07:07
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