Breaking News Instant updates and real-time market news.

ZM

Zoom Video

$78.70

-0.01 (-0.01%)

, CTST

CannTrust

$5.81

0.19 (3.38%)

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

Fly Intel: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zoom Video (ZM) initiated with a Perform at Oppenheimer. 2. CannTrust (CTST) initiated with a Buy at BofA/Merrill. 3. Inseego (INSG) initiated with an Outperform at Cowen. 4. Falcon Minerals (FLMN) initiated with an Outperform at Baird. 5. Aphria (APHA) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

ZM

Zoom Video

$78.70

-0.01 (-0.01%)

CTST

CannTrust

$5.81

0.19 (3.38%)

INSG

Inseego

$5.37

0.19 (3.67%)

FLMN

Falcon Minerals

$7.36

(0.00%)

APHA

Aphria

$6.87

0.47 (7.34%)

  • 04

    Jun

  • 06

    Jun

  • 06

    Jun

  • 10

    Jun

  • 18

    Jun

ZM Zoom Video
$78.70

-0.01 (-0.01%)

05/20/19
WBLR
05/20/19
INITIATION
WBLR
Outperform
William Blair starts 'best-in-class' Zoom Video with Outperform rating
William Blair analyst Bhavan Suri started Zoom Video Communications with an Outperform rating. Zoom is a leading provider of video conferencing solutions with "industry-leading" revenue growth rates, high customer addition count, and "best-in-class" net dollar expansion rates, Suri tells investors in a research note. The analyst believes Zoom will be used by a much broader audience than traditional video conferencing applications. He estimates the market for just the Zoom video conferencing offerings could be $12B in the United States, with a total market opportunity above $40B globally.
05/24/19
OPCO
05/24/19
INITIATION
OPCO
Perform
Zoom Video initiated with a Perform at Oppenheimer
Oppenheimer analyst Ittai Kidron initiated Zoom Video with a Perform rating, saying that while he sees upside, he thinks it is fairly valued at its current price, which is up 150% since its IPO, and would look for a better entry point.
05/23/19
OPCO
05/23/19
INITIATION
OPCO
Perform
Zoom Video initiated with a Perform at Oppenheimer
05/20/19
05/20/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Canada Goose (GOOS) initiated with a Buy at HSBC. 2. OneSpaWorld (OSW) initiated with a Buy at Jefferies. 3. Zoom Video (ZM) initiated with an Outperform at William Blair. 4. Beyond Meat (BYND) initiated with an Equal Weight at Consumer Edge. 5. FMC Corporation (FMC) initiated with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
CTST CannTrust
$5.81

0.19 (3.38%)

05/24/19
BOFA
05/24/19
INITIATION
Target $11
BOFA
Buy
CannTrust initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Christopher Carey initiated CannTrust with a Buy and $11 price target saying fundamentals remain intact following earnings and an equity offering. Carey said the company's balance sheet has expanded following recent financing and valuation is attractive.
INSG Inseego
$5.37

0.19 (3.67%)

05/24/19
COWN
05/24/19
INITIATION
Target $8
COWN
Outperform
Inseego initiated with an Outperform, $8 target at Cowen
Cowen analyst Lance Vitanza started Inseego with an Outperform rating and $8 price target. The company has a strong position within the "burgeoning" 5G market, Vitanza tells investors in a research note. With an estimated 20% annual revenue growth over the next few years, the stock deserves a premium valuation, says the analyst. He sees a "multitude of multi-billion-dollar market segments" to which Inseego technology can serve.
05/24/19
COWN
05/24/19
INITIATION
COWN
Outperform
Inseego initiated with an Outperform at Cowen
01/14/19
LSCM
01/14/19
NO CHANGE
Target $6.5
LSCM
Buy
Inseego price target raised to $6.50 from $4.50 at Lake Street
Lake Street analyst Jaeson Schmidt raised his price target for Inseego to $6.50 and reiterates a Buy rating on the shares. He left the company's analyst event last week feeling increasingly confident it is positioned to see revenue growth accelerate and profitability continue to improve. Schmidt continues to believe Inseego should benefit from the rollouts of 5G networks.
03/20/19
NATL
03/20/19
INITIATION
Target $6
NATL
Buy
Inseego initiated with a Buy at National Securities
National Securities analyst Matthew Galinko initiated Inseego (INSG) with a Buy rating and $6 price target, citing his view that its fundamentals, from product execution to go-to-market, are improving and that its recent wins with other carriers should help its concentration with Verizon (VZ) become less severe.
FLMN Falcon Minerals
$7.36

(0.00%)

04/18/19
RBCM
04/18/19
INITIATION
Target $10
RBCM
Sector Perform
Falcon Minerals initiated with a Sector Perform at RBC Capital
RBC Capital analyst TJ Schultz initiated Falcon Minerals (FLMN) with a Sector Perform rating and a price target of $10. The analyst notes that the company has the lowest Proved Developed Producing Reserves to Proved Reserves ratio among its peers with some runway for growth in the Eagle Ford, but sees its near-term prospects driven by the development of Hooks Ranch by ConocoPhillips (COP) as well as third-party acquisitions. Over the longer term, Schultz believes that the company's "portfolio of liquids-rich undeveloped reserves and flexible balance sheet should support annual distribution growth."
05/23/19
BARD
05/23/19
INITIATION
Target $11
BARD
Outperform
Falcon Minerals initiated with an Outperform at Baird
Baird analyst Joseph Allman started Falcon Minerals with an Outperform rating and $11 price target. The company has "high-quality" assets, with "visible" growth, Allman tells investors in a research note.
04/04/19
STFL
04/04/19
INITIATION
Target $10
STFL
Hold
Falcon Minerals initiated with a Hold at Stifel
Stifel analyst Timothy Howard started Falcon Minerals with a Hold rating and $10 price target. The analyst views Falcon as an "interesting opportunity," but sees risk associated with its concentrated footprint and uncertainty around production growth resumption.
04/11/19
SPHN
04/11/19
INITIATION
Target $12
SPHN
Overweight
Falcon Minerals initiated with an Overweight at Stephens
Stephens analyst Gail Nicholson initiated Falcon Minerals with an Overweight rating and a price target of $12, saying the stock offers exposure to the Eagle Ford basin with "no development capex, solid cash margins, growth opportunities, and an attractive dividend rate." The analyst notes that while the company's first half volumes were "negatively impacted by the adjustment in operator activity," he expects growth to resume in Q3. Nicholson adds that Falcon Minerals' exposure features "superior pricing and potential incremental value creation via development of its high net royalty area, Hooks Ranch," which is about 89% undeveloped.
APHA Aphria
$6.87

0.47 (7.34%)

04/16/19
VERF
04/16/19
NO CHANGE
Target $8
VERF
Sell
Use Aphria results as guide and short Tilray shares, says Vertical Group
Vertical Group analyst Gordon Johnson tells investors to use Aphria's (APHA) fiscal Q3 results as a guide and build a short position in Tilray (TLRY). The analyst last week initiated coverage of Tilray with a Sell rating and $8 year-end price target. Despite expectations for growth in Canadian sales due to the growth expectations for the recreational cannabis market, Aphria's kilograms sold fell 22.7% quarter-over-quarter in the quarter reported yesterday, Johnson tells investors in an email to clients. The analyst maintains his negative bias on Tilray following Aphia's results. Shares of Tilray are up 54c to $49.78 in early trading.
03/14/19
COWN
03/14/19
NO CHANGE
COWN
Narrow U.S. cannabis bills have better prospects than broad ones, says Cowen
Cowen analyst Jaret Seiberg said it is hard for him to see a scenario in the 116th Congress in which Senate Majority Leader Mitch McConnell holds a vote on legislation to fully legalize cannabis, as too many senators see no political upside for McConnell to schedule such a vote. Given this view, Seiberg believes that prospects are better for narrower bills that could get attached to spending packages and other measures than for broader bills that would legalize recreational use. Of the narrower bills introduced in the U.S. so far, Seiberg believes the SAFE Act on cannabis banking has the best shot before the 2020 election. Publicly traded companies in the cannabis space include Aphria (APHA), Aurora Cannabis (ACB), CV Sciences (CVSI), CannTrust Holdings (CNTTF), Canopy Growth (CGC), Cronos Group (CRON), General Cannabis (CANN), India Globalization Capital (IGC), MediPharm Labs (MLCPF) and Tilray (TLRY).
02/21/19
02/21/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. At Home Group (HOME) initiated with a Hold at Loop Capital. 2. Harmonic (HLIT) initiated with a Buy at Stifel. 3. Atkore (ATKR) initiated with a Neutral at Credit Suisse. 4. BioTime (BTX) and Verrica Pharmaceuticals (VRCA) were initiated with a Buy at H.C. Wainwright. 5. Aphria (APHA), KushCo Holdings (KSHB), and HEXO Corp (HEXO) were initiated with a Buy at Seaport Global, while Canopy Growth (CGC), Aurora Cannabis (ACB), and Tilray (TLRY) were initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/19
JEFF
05/24/19
INITIATION
JEFF
Buy
Jefferies starts Aphria at Buy, says valuation 'not reflective of reality'
Jefferies analyst Owen Bennett initiated coverage of Aphria (APHA) with a Buy rating and C$15 price target. The stock closed yesterday down 33c to $6.41. The analyst says the company scores highly on his "strategic scorecard," or third overall behind only Canopy Growth (CGC) and Aurora Cannabis (ACB). Despite a "strong global outlook," Aphria's valuation is the cheapest across the space, with allegations around inflated assets/insider deals weighing on the shares, Bennett tells investors in a research note. The analyst expects a "significant re-rating" in the shares with "these issues now seemingly cleared up." He points out that the company's questionable relationships have been severed and a special committee review found assets had not been falsely inflated. Bennett believes Aphria continues to execute and that its valuation is "not reflective of reality."

TODAY'S FREE FLY STORIES

OPRT

Oportun Financial

$23.09

0.19 (0.83%)

08:26
01/17/20
01/17
08:26
01/17/20
08:26
Downgrade
Oportun Financial rating change  »

Oportun Financial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

08:26
01/17/20
01/17
08:26
01/17/20
08:26
Conference/Events
Cowen Washington policy strategist to hold an analyst/industry conference call »

Washington Policy…

ESNT

Essent Group

$51.28

0.66 (1.30%)

08:25
01/17/20
01/17
08:25
01/17/20
08:25
Upgrade
Essent Group rating change  »

Essent upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ACTT

Act II Global Acquisition

$10.15

-0.01 (-0.10%)

08:25
01/17/20
01/17
08:25
01/17/20
08:25
Conference/Events
Act II Global Acquisition management to meet with Odeon Capital »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jan

  • 17

    Jan

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:24
01/17/20
01/17
08:24
01/17/20
08:24
Technical Analysis
DJ Transportation Average: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$DJU

DJ Utility Average

$0.00

(0.00%)

08:24
01/17/20
01/17
08:24
01/17/20
08:24
Technical Analysis
DJ Utility Average: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPGI

S&P Global

$298.16

3.86 (1.31%)

08:24
01/17/20
01/17
08:24
01/17/20
08:24
Downgrade
S&P Global rating change  »

S&P Global downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Feb

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:24
01/17/20
01/17
08:24
01/17/20
08:24
Technical Analysis
Dow Jones Industrial Average: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IYT

iShares Transportation Average

$202.88

2.07 (1.03%)

08:24
01/17/20
01/17
08:24
01/17/20
08:24
Technical Analysis
iShares Transportation Average: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLK

Technology Select Sector SPDR

$96.49

1.32 (1.39%)

08:23
01/17/20
01/17
08:23
01/17/20
08:23
Technical Analysis
Technology Select Sector SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLE

Energy Select Sector SPDR

$59.51

0.08 (0.13%)

08:23
01/17/20
01/17
08:23
01/17/20
08:23
Technical Analysis
Energy Select Sector SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLY

Consumer Discretionary Sector SPDR

$127.55

1.13 (0.89%)

08:23
01/17/20
01/17
08:23
01/17/20
08:23
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLB

S&P Select Materials SPDR

$60.86

0.34 (0.56%)

08:23
01/17/20
01/17
08:23
01/17/20
08:23
Technical Analysis
S&P Select Materials SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SJMHY

SJM Holdings

$0.00

(0.00%)

08:23
01/17/20
01/17
08:23
01/17/20
08:23
Downgrade
SJM Holdings rating change  »

SJM Holdings downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FRC

First Republic

$119.03

1.59 (1.35%)

08:22
01/17/20
01/17
08:22
01/17/20
08:22
Recommendations
First Republic analyst commentary  »

First Republic price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 15

    Jan

GWB

Great Western

$34.36

0.18 (0.53%)

08:22
01/17/20
01/17
08:22
01/17/20
08:22
Initiation
Great Western initiated  »

Great Western initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Jan

  • 04

    Feb

XLU

Utilities SPDR

$66.30

0.4 (0.61%)

08:22
01/17/20
01/17
08:22
01/17/20
08:22
Technical Analysis
Utilities SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLP

Consumer Staples Sector SPDR

$63.69

0.19 (0.30%)

08:22
01/17/20
01/17
08:22
01/17/20
08:22
Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GXYEF

Galaxy Entertainment

$0.00

(0.00%)

08:22
01/17/20
01/17
08:22
01/17/20
08:22
Downgrade
Galaxy Entertainment rating change  »

Galaxy Entertainment…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLV

Health Care Select Sector SPDR

$104.49

0.54 (0.52%)

08:22
01/17/20
01/17
08:22
01/17/20
08:22
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IWM

iShares Trust Russell 2000 Index Fund

$169.51

2.15 (1.28%)

08:22
01/17/20
01/17
08:22
01/17/20
08:22
Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DIA

Diamonds Fund ETF

$292.93

2.61 (0.90%)

08:21
01/17/20
01/17
08:21
01/17/20
08:21
Technical Analysis
Diamonds Fund ETF: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPY

SPDR S&P 500 ETF Trust

$330.87

2.69 (0.82%)

08:21
01/17/20
01/17
08:21
01/17/20
08:21
Technical Analysis
SPDR S&P 500 ETF Trust: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLF

Financial Select Sector

$30.94

0.255 (0.83%)

08:21
01/17/20
01/17
08:21
01/17/20
08:21
Technical Analysis
Financial Select Sector: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SMH

Market Vectors Semiconductor

$145.46

2.25 (1.57%)

08:20
01/17/20
01/17
08:20
01/17/20
08:20
Technical Analysis
Market Vectors Semiconductor: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.