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NTNX

Nutanix

$32.68

-1.02 (-3.03%)

05:35
05/31/19
05/31
05:35
05/31/19
05:35

Nutanix price target lowered to $25 from $39 at Stifel

Stifel analyst Brad Reback lowered his price target for Nutanix to $25 from $39 saying the company last night reported a "disappointing" quarter and guidance. The company's execution is "uneven" as its subscription transition weighs on results, Reback tells investors in a research note. While shares are "not expensive," Nutanix remains in the "penalty box" and it will take several more quarters to evaluate progress, says the analyst, who keeps a Hold rating on the shares.

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NTNX Nutanix
$32.68

-1.02 (-3.03%)

05/28/19
MSCO
05/28/19
DOWNGRADE
Target $37
MSCO
Equal Weight
Morgan Stanley downgrades Nutanix to Equal Weight, sees slower turnaround
As previously reported, Morgan Stanley analyst Katy Huberty downgraded Nutanix (NTNX) to Equal Weight from Overweight, contending that the combination of slowing industry demand and competition from Dell (DELL) will slow down a full recovery in its business. She has lowered her 2019 revenue estimate to $1.414B from $1.47B to reflect normal July quarter seasonality, versus her prior forecast for a faster recovery. She also now forecast revenue growth below consensus through FY20, noted Huberty, who lowered her price target on Nutanix shares to $37 from $53.
05/28/19
05/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Gilead (GILD) downgraded to Sell from Neutral at Goldman Sachs with analyst Terence Flynn saying he expects Gilead's sales growth to decelerate saying the Truvada/Atripla loss of exclusivities in September 2020 represents a $3B headwind. 2. Teva (TEVA) downgraded to Neutral from Buy at UBS with analyst Navin Jacob saying he sees larger potential litigation expense following the company's settlement with Oklahoma as well as later than expected launches on its generic pipeline assets. 3. Weibo (WB) downgraded to Neutral from Overweight at JPMorgan with analyst Binbin Ding sayin ghe sees a worsening advertising outlook in the near-term with "no clear visibility" into the second half of 2019 and 2020. 4. Nutanix (NTNX) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Katy Huberty saying the combination of slowing industry demand and competition from Dell (DELL) will slow down a full recovery in its business. 5. Roku (ROKU) downgraded to Equal Weight from Overweight at Stephens with analyst Kyle Evans saying though he remains "very positive" on Roku over the long-term, he believes the stock's recently increased valuation combined with raised expectations creates increased near-term risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/31/19
PIPR
05/31/19
DOWNGRADE
PIPR
Neutral
Nutanix downgraded to Neutral from Overweight at Piper Jaffray
05/31/19
JEFF
05/31/19
NO CHANGE
Target $40
JEFF
Buy
Nutanix price target lowered to $40 from $49 at Jefferies
In a post-earnings research note titled "Some Things Better Done in Private," Jefferies analyst John DiFucci lowered his price target for Nutanix to $40 from $49. The company reminded us last night why some companies go private before embarking on a major model/business transition, DiFucci writes, after it missed fiscal Q3 estimates and guidance Q4 down. The analyst, however, keeps a Buy rating on the shares.

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BA

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AMZN

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ABC

AmerisourceBergen

$85.01

-1.46 (-1.69%)

, CAH

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ABC

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CAH

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MCK

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$133.19

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