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AVP

Avon Products

$3.59

-0.02 (-0.55%)

, SQM

SQM

$30.99

0.13 (0.42%)

10:07
05/24/19
05/24
10:07
05/24/19
10:07

Fly Intel: Top five analyst downgrades

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Avon Products (AVP) downgraded to Neutral from Buy at DA Davidson. 2. SQM (SQM) downgraded to Market Perform from Outperform at BMO Capital with analyst Joel Jackson saying a lithium rebound or a bottoming in sentiment may take longer and that the company's earnings trajectory no longer warrants a bullish outlook. 3. Lennox (LII) downgraded to Sell from Neutral at UBS with analyst Damian Karas saying the company is trading at a "peak multiple on peak growth." 4. Weibo (WB) downgraded to Reduce from Hold at HSBC. 5. Big Lots (BIG) downgraded to Neutral from Overweight at Piper Jaffray with analyst Peter Keith saying the downgrade is based on risk to first half of 2019 estimates as well as ongoing tariff concerns. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

AVP

Avon Products

$3.59

-0.02 (-0.55%)

SQM

SQM

$30.99

0.13 (0.42%)

LII

Lennox

$275.04

-1.415 (-0.51%)

WB

Weibo

$44.51

-0.89 (-1.96%)

BIG

Big Lots

$28.99

-0.33 (-1.13%)

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    Nov

AVP Avon Products
$3.59

-0.02 (-0.55%)

05/23/19
DADA
05/23/19
DOWNGRADE
Target $3.6
DADA
Neutral
Avon Products downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Linda Bolton Weiser downgraded Avon Products to Neutral and lowered her price target to $3.60 from $4.75 after the confirmation by Natura that it is acquiring the company.
05/10/19
SBSH
05/10/19
NO CHANGE
SBSH
Natura paying 50% premium for Avon 'not the base case,' says Citi
Citi analyst Tobias Stingelin noted that Spanish website Intereconomia.com reported, citing a source, that Santander's board has approved a loan of up to $2.1B for Natura, which he notes has already publicly announced that it is engaged in talks to buy Avon. An all cash transaction of $2.1B, or a 50% premium, is unlikely in his view and he does not believe that this is the base case, Stingelin tells investors. He believes that if a transaction were to take place for Avon it would be at a lower premium and noted that Intereconomia's source said a deal could still be for a combination of cash and stock. Stingelin has a Neutral rating on Natura shares. In afternoon trading, Avon shares are up nearly 10% to $3.18.
03/25/19
DADA
03/25/19
NO CHANGE
Target $3.5
DADA
Buy
Avon Products buyout could be valued as high as $4.50/shr, says DA Davidson
DA Davidson analyst Linda Bolton Weiser kept her Buy rating and $3.50 price target on Avon Products after the latest speculation about its potential acquisition by Natura. The analyst believes that the takeout valuation could come at $3.80-$4.50 per share, but intends to assess the Brazil anti-trust rules while also noting Natura's already "leveraged balance sheet, with over $2B of debt and debt-to-EBITDA of 4.3-times".
09/24/18
09/24/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Plains All American (PAA) and Plains GP Holdings (PAGP) were upgraded to Buy from Hold at Stifel. 2. Avon Products (AVP) upgraded to Buy from Neutral at DA Davidson with analyst Linda Bolton Weiser citing the increased "sense of urgency" under the new CEO Jan Zijderveld displayed in his first analyst meeting, demonstrating his greater engagement in the company's operations, hiring of executives with sales experience, and "establishing a culture of accountability." 3. United Natural Foods (UNFI) upgraded to Sector Perform at RBC Capital with analyst William Kirk saying while core business challenges for the company remain and the risk of the Supervalu acquisition integration continues, its 6.4-times earnings valuation likely accounts for these issues. 4. KVH Industries (KVHI) upgraded to Buy from Neutral at Chardan with analyst James McIlree saying he expects "continued strong growth" from its Agile Plans that should result in improved margins and increased financial predictability. 5. RELX (RELX) upgraded to Overweight from Equal Weight at Barclays with analyst Nick Dempsey saying he views the current valuation as attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SQM SQM
$30.99

0.13 (0.42%)

05/23/19
BMOC
05/23/19
DOWNGRADE
Target $31
BMOC
Market Perform
SQM downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Joel Jackson downgraded SQM (SQM) to Market Perform and lowered his price target to $31 from $47. The analyst warns that a lithium rebound or a bottoming in sentiment may take longer and that the company's earnings trajectory no longer warrants a bullish outlook. Jackson also states that while the possibility of "meaningful downside" is uncertain, SQM stock already trades at about a 3-times EBITDA premium relative to Albemarle (ALB).
05/23/19
BMOC
05/23/19
DOWNGRADE
BMOC
Market Perform
SQM downgraded to Market Perform from Outperform at BMO Capital
04/23/19
04/23/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Roku (ROKU) initiated with a Positive at Susquehanna. 2. Zosano Pharma (ZSAN) initiated with an Overweight at Cantor Fitzgerald. 3. Trade Desk (TTD) initiated with a Hold at Needham. 4. SQM (SQM) initiated with a Sell at Vertical Group. 5. Lyft (LYFT) initiated with an Outperform at JMP Securities, Raymond James, Cowen, and Credit Suisse, an Overweight at JPMorgan and Piper Jaffray, a Buy at Jefferies, Canaccord, and Stifel, and a Sector Weight at KeyBanc. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/22/19
VERF
04/22/19
INITIATION
Target $23
VERF
Sell
SQM initiated with a Sell at Vertical Group
Vertical Group analyst James Bardowski started SQM with a Sell rating and $23 price target. The company has relatively high exposure to lithium spot markets, where prices are at risk of moving lower as supply outpaces demand near-term and an end to China's new energy vehicles subsidies comes into sight, Bardowski tells investors in a research note. Further, increased spending at SQM "will stretch an already limited balance sheet," adds the analyst.
LII Lennox
$275.04

-1.415 (-0.51%)

04/23/19
WELS
04/23/19
NO CHANGE
Target $250
WELS
Market Perform
Lennox price target raised to $250 from $242 at Wells Fargo
Wells Fargo analyst Deepa Raghavan raised her price target for Lennox to $250 from $242 following quarterly results. The analyst reiterates a Market Perform rating on the shares.
04/23/19
VERT
04/23/19
DOWNGRADE
VERT
Sell
Lennox downgraded to Sell from Hold at Vertical Research
Vertical Research analyst Jeffrey Sprague downgraded Lennox to Sell from Hold, stating that he sees the valuation as "stretched" and believes consolidation looks unlikely in the near-term.
05/24/19
UBSW
05/24/19
DOWNGRADE
Target $235
UBSW
Sell
Lennox downgraded to Sell on 'peak multiple' at UBS
UBS analyst Damian Karas downgraded Lennox International to Sell from Neutral with an unchanged price target of $235. The company is trading at a "peak multiple on peak growth," Karas tells investors in a research note.
05/24/19
UBSW
05/24/19
DOWNGRADE
UBSW
Sell
Lennox downgraded to Sell from Neutral at UBS
WB Weibo
$44.51

-0.89 (-1.96%)

05/24/19
BNCH
05/24/19
NO CHANGE
BNCH
Buy
Sina, Weibo price targets lowered at Benchmark
Benchmark analyst Fawne Jiang lowered her price target on Sina (SINA) to $78 from $108 following the company's report of mixed Q1 results, noting that management expects potential downside to its FY19 revenue guidance given that both Weibo (WB) SME ads and Sina portal ads are facing ongoing industry headwinds. Jiang also lowered her price target to $51 from $81 on Weibo shares following its mixed Q1 results, though she keeps Buy ratings on both stocks.
05/24/19
HSBC
05/24/19
DOWNGRADE
HSBC
Reduce
Weibo downgraded to Reduce from Hold at HSBC
03/06/19
DBAB
03/06/19
DOWNGRADE
DBAB
Hold
Weibo downgraded to Hold from Buy at Deutsche Bank
03/06/19
DBAB
03/06/19
DOWNGRADE
DBAB
Hold
Weibo, Sina downgraded to Hold on macro, smartphone risks at Deutsche Bank
As previously reported, Deutsche Bank analyst Eileen Deng downgraded Weibo (WB) to Hold from Buy as she sees risk to the advertising industry from the macro environment and risk to MAU growth due to smartphone softness and her view on neither of those risks was changed by listening to the company's Q4 results call. She edged up her price target on Weibo shares to $71 from $70, but sees a lack of catalysts for a meaningful earnings revision, Deng said in a post-earnings note. She also downgraded Sina (SINA) to Hold from Buy with an unchanged price target of $70, stating that in addition to the risks to Weibo's financials, she sees greater impact on the Sina portal from the macro weakness and from competition.
BIG Big Lots
$28.99

-0.33 (-1.13%)

05/24/19
PIPR
05/24/19
DOWNGRADE
Target $31
PIPR
Neutral
Big Lots downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Peter Keith downgraded Big Lots to Neutral from Overweight and lowered his price target for the shares to $31 from $44. The analyst says the downgrade is based on risk to first half of 2019 estimates as well as ongoing tariff concerns. The analyst believes Big Lots' Q1 was "in-line at best" and that Q2 "appears to have stepped up markdown activity." On tariffs, Big Lots imports 21% of sales from China with a majority now getting tariffed at 25%, Keith tells investors in a research note.
03/19/19
03/19/19
NO CHANGE
Target $44

Overweight
Piper calls Big Lots 'intriguing value/GARP idea' for 2019
After meeting with management, Piper Jaffray analyst Peter Keith highlights Big Lots as an "intriguing value/GARP idea" for 2019. A value idea must be cheap but also have some interesting developments, and Big Lots has several, Keith tells investors in a research note. Some of these, according to the analyst, are remodel benefits building to a 1.5%-2% comp lift, good visibility on gross margin expansion, a $100M cost take-out initiative, and new merchandising initiatives. Keith sees a "healthy" risk/reward on Big Lots shares and reiterates an Overweight rating on the name with a $44 price target.
02/28/19
02/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Booking Holdings (BKNG) downgraded to Neutral from Overweight at Atlantic Equities and Piper Jaffray, as well as to Perform from Outperform at Oppenheimer. 2. Box (BOX) downgraded to Sector Weight from Overweight at KeyBanc and to Neutral from Buy at Rosenblatt. 3. HP Inc. (HPQ) double downgraded to Underperform from Buy at BofA/Merrill with analyst Wamsi Mohan citing the company's Q1 report last night. 4. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank. 5. Dollar General (DG) and Big Lots (BIG) were downgraded to Hold from Buy at Deutsche Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/28/19
DBAB
02/28/19
DOWNGRADE
DBAB
Hold
Big Lots downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Paul Trussell downgraded Big Lots to Hold.

TODAY'S FREE FLY STORIES

SPOT

Spotify

$148.20

-3.59 (-2.37%)

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CE

Celanese

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Beyond Meat

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DBD

Diebold

$11.09

-0.49 (-4.23%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

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$111.28

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SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

0.04 (0.24%)

GLD

SPDR Gold Shares

$146.59

0.29 (0.20%)

FXE

Euro Currency Trust

$105.10

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UBSFY

Ubisoft

$0.00

(0.00%)

17:32
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IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
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ToughBuilt files to sell common stock, no amount given »

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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
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Conference/Events
Myomo to host special shareholder meeting »

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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
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Conference/Events
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  • 21

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SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
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ECA

Encana

$4.09

-0.18 (-4.22%)

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  • 29

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MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

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Breaking Syndicate news story on Moleculin Biotech »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

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16:30
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Options
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NSCO

Nesco Holdings

$5.12

0.025 (0.49%)

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GPS

Gap

$18.54

-0.075 (-0.40%)

, CMCSA

Comcast

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CMCSA

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$0.00

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BE

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MGPI

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FAST

Fastenal

$36.77

-0.55 (-1.47%)

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APLS

Apellis

$40.43

0.03 (0.07%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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NYSE market internals summary »

Volume is above average…

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16:15
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Treasury Market Summary:…

LGC

Legacy Acquisition Corp

$10.33

(0.00%)

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GNUS

Genius Brands

$0.33

-0.015 (-4.41%)

16:04
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Breaking Syndicate news story on Genius Brands »

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BBY

Best Buy

$90.21

1.28 (1.44%)

16:04
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Best Buy board opens investigation into CEO's personal conduct, WSJ says »

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