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AMBA

Ambarella

$42.31

0.81 (1.95%)

, IRM

Iron Mountain

$31.66

0.2 (0.64%)

04:55
06/12/19
06/12
04:55
06/12/19
04:55

Stifel to hold a conference

Stifel Cross Sector Insight Conference will be held in Boston on June 10-12.

AMBA

Ambarella

$42.31

0.81 (1.95%)

IRM

Iron Mountain

$31.66

0.2 (0.64%)

LAUR

Laureate Education

$16.33

-0.16 (-0.97%)

MCO

Moody's

$189.93

-2.02 (-1.05%)

NXPI

NXP Semiconductors

$95.49

0.04 (0.04%)

RTEC

Rudolph Technologies

$24.72

-0.31 (-1.24%)

SPGI

S&P Global

$222.65

-4.49 (-1.98%)

WLTW

Willis Towers Watson

$188.22

-0.19 (-0.10%)

WM

Waste Management

$113.14

-0.74 (-0.65%)

ICHR

Ichor Holdings

$22.76

-0.3 (-1.30%)

LITE

Lumentum

$46.55

0.36 (0.78%)

SLCA

U.S. Silica

$10.49

0.27 (2.64%)

  • 12

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    Jun

  • 13

    Nov

AMBA Ambarella
$42.31

0.81 (1.95%)

05/22/19
MSCO
05/22/19
NO CHANGE
MSCO
Ambarella revenue could be at risk from U.S. restrictions, says Morgan Stanley
Morgan Stanley analyst Joseph Moore noted the New York Times article that Chinese video surveillance company HIKvision is at risk of being placed on a U.S. blacklist, which he said could present risk to Ambarella (AMBA) and ON Semiconductor (ON). Ambarella's total revenue exposure from sale of video processing chips to HIKvision is likely in the high teens percentage of sales, estimates Moore, who added that he expects a pipeline of new computer vision products to ramp with the Chinese drone company. Ambarella has similar high teens exposure to another Chinese customer, Dahua, which was also mentioned in the article, Moore said. ON semiconductor has "small" exposure to HIKvision, with low single digit percentage of sales within its industrial segment, according to Moore. In pre-market trading, Ambarella shares are down nearly 15% to $37.67.
06/05/19
NEED
06/05/19
DOWNGRADE
NEED
Underperform
Ambarella downgraded to Underperform from Hold at Needham
Needham analyst N. Quinn Bolton downgraded Ambarella to Underperform from Hold.
06/05/19
NEED
06/05/19
DOWNGRADE
NEED
Underperform
Ambarella downgraded to Underperform from Hold at Needham
Needham analyst N. Quinn Bolton downgraded Ambarella to Underperform from Hold, saying that while the stock price is up sharply in the pre-market on the company's Q1 earnings beat and above-consensus Q2 guidance, the market may be "mis-pricing" the risks related to China "entity list". The analyst assigns a 30% chance of a bear case under which Ambarella's two largest professional security camera customers in China - Hikvision and Dahua - are placed on the "entity list" and a 60% base case scenario under which those firms are not designated but the U.S.-China trade war continues. Bolton concludes that even if a comprehensive trade agreement is reached in the near term, Ambarella's current valuation may prevent its stock from participating in the rebound.
06/05/19
06/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AIG (AIG) downgraded to Hold from Buy at Deutsche Bank with analyst Joshua Shanker saying he sees limited upside in the shares relative to his price target. 2. Ambarella (AMBA) downgraded to Underperform from Hold at Needham with analyst N. Quinn Bolton saying that while the stock price is up sharply in the pre-market on the company's Q1 earnings beat and above-consensus Q2 guidance, the market may be "mis-pricing" the risks related to China "entity list." 3. Superior Energy (SPN) downgraded to Sector Perform from Outperform at Scotiabank. 4. Kratos Defense (KTOS) downgraded to Market Perform from Outperform at Noble Capital with analyst Joe Gomes citing valuation. 5. Avista (AVA) downgraded with an Underweight from Sector Weight at KeyBanc with analyst Sophie Karp assuming coverage and saying Avista's "aggressive" growth target of 8%-10% will prove to be challenging to achieve, especially since the company has missed a rate case cycle in 2018 due to the merger with Hydro One, and considering its "complicated history" with Washington regulators. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
IRM Iron Mountain
$31.66

0.2 (0.64%)

11/20/18
11/20/18
INITIATION
Target $34

Neutral
Iron Mountain initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Michael Funk initiated Iron Mountain with a Neutral with a $34 price target saying valuation reflects volume headwinds and strategic shifts. Funk believes Iron Mountain's execution is a primary catalyst and stabilizing volumes are needed for shares to move higher.
10/26/18
STFL
10/26/18
DOWNGRADE
Target $34
STFL
Hold
Iron Mountain downgraded to Hold from Buy at Stifel
Stifel analyst Shlomo Rosenbaum downgraded Iron Mountain to Hold and lowered his price target for the shares to $34 from $39. The company's core volume declines make it tough to disprove the "melting ice cube" narrative, Rosenbaum tells investors in a post-earnings research note. Data center is just 8% of Iron Mountain's EBITDA and going to 10% in two years, making it tough to position the company "as a poor man's data center play," the analyst contends. Rosenbaum struggles to see what will drive the stock up from here in a rising interest rate environment.
02/20/19
MUFG
02/20/19
NO CHANGE
Target $37
MUFG
Neutral
Iron Mountain price target raised to $37 from $33 at MUFG
MUFG analyst Karin Ford raised her price target for Iron Mountain to $37 following the company's Q4 report. Following 150 basis points of deceleration in organic storage revenue growth in 2018, management hopes to stabilize the core paper business in 2019 at 2.1% while the faster-growing data center segment becomes a bigger piece of the pie, Ford tells investors in a post-earnings research note. The analyst expects Iron Mountain's normalized FFO growth to "hold steady" at 4%-5% in 2019 and she keeps a Neutral rating on the shares.
04/26/19
BARD
04/26/19
DOWNGRADE
BARD
Underperform
Iron Mountain downgraded to Underperform from Neutral at Baird
LAUR Laureate Education
$16.33

-0.16 (-0.97%)

12/11/18
SBSH
12/11/18
INITIATION
Target $19
SBSH
Buy
Laureate Education assumed with a Buy at Citi
Price target $19.
MCO Moody's
$189.93

-2.02 (-1.05%)

04/25/19
CANT
04/25/19
NO CHANGE
Target $192
CANT
Neutral
Moody's price target raised to $192 from $168 at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi raised his price target for Moody's to $192 from $168 after the company reported Q1 results above consensus but keeps a Neutral rating on the name. The analyst remains cautious about the "volatile" issuance market.
04/05/19
PIPR
04/05/19
NO CHANGE
Target $242
PIPR
Overweight
Piper boosts S&P Global price target to $242, Moody's target to $205
Piper Jaffray analyst Peter Appert raised his price target for Overeight-rated S&P Global (SPGI) to $242 from $220 and for Neutral-rated Moody's (MCO) to $205 from $178. Debt issuance in Q1 was a "mixed bag," with "impressive" strength in investment grade and high yield issuance balanced by weaker performance in the loan and structured finance categories, Appert tells investors in a research note. The analyst's increased price targets reflect confidence in the secular growth story and higher multiples in the peer group. He remains a fan of the rating agency business model with a "modest preference" for S&P Global over Moody's given its "more diversified business mix and greater margin upside."
02/19/19
BMOC
02/19/19
NO CHANGE
Target $172
BMOC
Market Perform
Moody's price target raised to $172 from $164 at BMO Capital
BMO Capital analyst Jeffrey Silber raised his price target on Moody's to $172, saying the miss in its Q4 earnings came from the MIS segment decline that was offset by strong expense efficiencies and margin expansion. The analyst also cites the company's better than expected guidance "driven by new products to offset slower MIS trends", accelerating buybacks, and cost controls. Silber keeps his Market Perform rating on Moody's, noting that while its "entry into private company information should diversify the business", it remains "mostly exposed to debt issuance trends."
03/20/19
BMOC
03/20/19
NO CHANGE
Target $182
BMOC
Market Perform
Moody's price target raised to $182 from $172 at BMO Capital
BMO Capital analyst Jeffrey Silber raised his price target on Moody's to $182 after meeting with its management and discussing the company strategy. The analyst says that while he has gained greater appreciation for the company's non-rating business - Moody's Analytics - following the meetings, he is still keeps his Market Perform rating on the stock given the "sluggish near-term debt issuance" environment.
NXPI NXP Semiconductors
$95.49

0.04 (0.04%)

05/01/19
05/01/19
NO CHANGE
Target $125

Buy
NXP Semiconductors added to US 1 List, target to $125 at BofA/Merrill
As previously reported, BofA/Merrill analyst Vivek Arya added NXP Semiconductors to the US 1 List following the Q1 beat and raise. Arya attributes strength to strong design wins in autos/IoT, combined with mobile, and 5G markets and notes the margin recovery is on track and management continues to buyback shares aggressively. The analyst reiterated his Buy rating on NXP Semiconductors and raised his price target to $125 from $105
05/30/19
MSCO
05/30/19
UPGRADE
Target $15.5
MSCO
Equal Weight
Cypress Semiconductor upgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley analyst Craig Hettenbach upgraded Cypress Semiconductor to Equal Weight from Underweight and raised his price target for the shares to $15.50 from $11.50 following press reports indicating that the company is exploring strategic options. His new bull case value of $21 brings his valuation for the connectivity business in-line with the multiple NXP Semiconductors (NXPI) is paying for Marvell's (MRVL) connectivity business, but Hettenbach noted that if fundamentals deteriorate further and a deal does not take place, the stock could trade back down toward $11, which is his new bear case valuation.
06/05/19
STFL
06/05/19
UPGRADE
Target $95
STFL
Hold
NXP Semiconductors upgraded to Hold from Sell at Stifel
Stifel analyst Tore Svanberg upgraded NXP Semiconductors to Hold from Sell and raised his price target for the shares to $95 from $85. The analyst sees reduced debt risk for the company amid the current "persistently" low-interest rate environment as well as reduced risk to estimates following cuts made since the Q3 of 2018 peak. Further, NXP has "meaningful" exposure to key secular growth cycles, especially 5G Infrastructure, Svanberg tells investors in a research note.
05/01/19
BOFA
05/01/19
NO CHANGE
BOFA
NXP Semiconductors added to US 1 List at BofA/Merrill
RTEC Rudolph Technologies
$24.72

-0.31 (-1.24%)

08/16/18
DADA
08/16/18
DOWNGRADE
DADA
Neutral
Nanometrics downgraded to Neutral at DA Davidson on valuation
As reported earlier, DA Davidson analyst Thomas Diffely downgraded Nanometrics (NANO) to Neutral and kept his $44 price target, saying that after outperforming its peer group over the past few years, the stock now trades at a 40% premium to its peers. The analyst notes that the outperformance was warranted based on the company's strong leverage of its NAND producers, wins in the DRAM market, and exposure to emerging memory customers in China, with the company registering its 4th consecutive year of double digit growth in 2017. Despite this positive backdrop, Diffely believes that Nanometrics stock appreciation "recently outpaced fundamentals" and recommends that investors consider MKS Instruments (MKSI) and Rudolph Technologies (RTEC) for their "equally strong" growth drivers.
10/04/18
RILY
10/04/18
NO CHANGE
Target $30
RILY
Buy
Rudolph Technologies price target lowered to $30 from $36 at B. Riley FBR
B. Riley FBR analyst Craig Ellis lowered his price target for Rudolph Technologies (RTEC) to $30 after the company reduced its outlook for Q3. The lowered outlook reflects two separate customer pushouts, which the analyst believes are Global Foundries and Micron Technology (MU). The analyst keeps a Buy rating on Rudolph Technologies.
10/04/18
STFL
10/04/18
NO CHANGE
Target $30
STFL
Buy
Rudolph Technologies price target lowered to $30 from $35 at Stifel
Stifel analyst Patrick Ho lowered his price target on Rudolph Technologies shares to $30 from $35 after the company's negative preannouncement, which he views as somewhat disappointing given Rudolph's more diversified product portfolio and market exposure relative to other comparable companies. However, the front-end weakness has been evident and is not a complete surprise, Ho added. He maintains a Buy rating on Rudolph shares as he remains positive on the long-term fundamental story.
09/10/18
SIDC
09/10/18
UPGRADE
SIDC
Buy
Rudolph Technologies upgraded to Buy from Neutral at Sidoti
SPGI S&P Global
$222.65

-4.49 (-1.98%)

05/21/19
UBSW
05/21/19
UPGRADE
Target $252
UBSW
Buy
S&P Global upgraded to Buy from Neutral at UBS
UBS analyst Alex Kramm upgraded S&P Global to Buy from Neutral and raised his price target for the shares to $252 from $228. UBS Evidence Lab's recent survey of Chinese corporates indicates upside from Chinese debt ratings opportunities will materialize much sooner than the three-to-five years that S&P management and the market is currently expecting, Kramm tells investors in a research note. While the near-term issuance outlook continues to be uncertain, the "significant upside opportunity from China cannot be ignored," says the analyst. Further, he believes S&P Global's non-ratings segments should help insulate the company's earnings against Ratings volatility in the meantime.
02/08/19
UBSW
02/08/19
DOWNGRADE
Target $205
UBSW
Neutral
S&P Global downgraded to Neutral from Buy at UBS
UBS analyst Alex Kramm downgraded S&P Global to Neutral while raising his price target for the shares to $205 from $200. The company's outlook "remains highly uncertain for now," Kramm tells investors in a research note.
01/11/19
ATLE
01/11/19
UPGRADE
Target $210
ATLE
Overweight
Atlantic sees better entry point into S&P Global, upgrades to Overweight
As previously reported before the open, Atlantic Equities analyst John Heagerty upgraded S&P Global (SPGI) to Overweight from Neutral, stating that the 20% decline in the shares since July has provided a better entry point into the stock. He lowered his EPS forecasts for both S&P and Moody's (MCO) to account for the fact that corporate debt issuance was "very weak" in Q4. However, he also noted that high yield spreads have narrowed quickly since the beginning of the year, which he believes should provide a steadier platform for issuance in 2019. Also, debt refinancing requirements, particularly for high yield issuers, continue to increase, noted Heagerty, who has a $210 price target on S&P shares.
WLTW Willis Towers Watson
$188.22

-0.19 (-0.10%)

04/08/19
MKMP
04/08/19
NO CHANGE
Target $210
MKMP
Buy
Willis Towers Watson price target raised to $210 from $190 at MKM Partners
MKM Partners analyst Harry Fong raised his price target on Willis Towers Watson to $210and kept his Buy rating after its latest TRANZACT acquisition, saying the deal positions the company for two new Health Reimbursement Arrangements to be launched in the next two years. The analyst notes that TRANZACT will "enhance Willis's capabilities in the direct-to-consumer channel with Medicare and other products", complementing the company's Liazon and Extend Health units facilitating transition from group health plan due to retirement into a Medicare plan. Fong also states that while Medicare business grows at a low single-digit rate, the potential growth rate for the individual HRA business could be "significantly higher."
04/02/19
SBSH
04/02/19
NO CHANGE
Target $200
SBSH
Buy
Willis Towers Watson price target raised to $200 from $192 at Citi
Citi analyst James Naklicki raised his price target for Willis Towers Watson to $200 from $192 saying he has a favorable view of the company's Tranzact acquisition. Tranzact is highly levered to the "rapidly growing" Medicare Advantage and Medicare Supplemental market, Naklicki tells investors in a research note. He keeps a Buy rating on Willis Towers Watson.
04/17/19
RHCO
04/17/19
NO CHANGE
RHCO
Buy
eHealth pullback presents 'very attractive' entry point, says SunTrust
SunTrust analyst Tobey Sommer said he views the mid-teen percentage decline in eHealth (EHTH) shares amid worries about Medicare for all proposals as presenting a "very attractive" entry point, noting that applying the same multiple paid by Willis Towers Watson (WLTW) for Tranzact implies a $62 share price for eHealth. While eHealth has a lower EBITDA margin, its revenue is growing faster and it has exposure in the individual and small business markets as well as the main Medicare business. The analyst, who believes eHealth's multi-year top-line growth outlook is substantially superior to consensus forecasts, driven by superior Medicare growth, keeps a Buy rating on the shares.
04/08/19
RBCM
04/08/19
NO CHANGE
RBCM
Outperform
eHealth guidance still 'looks conservative', says RBC Capital
RBC Capital analyst Frank Morgan kept his Outperform rating on eHealth (EHTH), stating that its valuation is supported by the $1.4B deal by WillisTowers Watson (WLTW) to acquire Tranzact which is also validating his bullish MA thesis. The analyst also notes that the stock has performed well in an otherwise "difficult healthcare tape", in part because of its "strong growth prospects in a niche not perceived as a problem with the healthcare system."
WM Waste Management
$113.14

-0.74 (-0.65%)

05/17/19
FBCO
05/17/19
DOWNGRADE
Target $33
FBCO
Neutral
Advanced Disposal downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Jamie Cook downgraded Advanced Disposal (ADSW) to Neutral from Outperform following last month's announcement that it will be acquired by Waste Management (WM). Given that both companies' boards of directors unanimously approved the transaction, Cook tells investors in a research note that he sees very little risk in terms of the deal not happening, and notes that the Canada Pension Plan Investment Board, which owns ~19% of Advanced Disposal's shares, has agreed to vote its shares in favor of the transaction. Cook raised his price target to $33 from $29 and sees the stock range bound until the deal closes.
06/03/19
STFL
06/03/19
NO CHANGE
Target $120
STFL
Buy
Waste Management price target raised to $120 from $115 at Stifel
Stifel analyst Michael E. Hoffman reaffirmed a Buy rating on Waste Management and raised his price target to $120 from $115 following the company's Investor Day, its first since March 2009. In a research note to investors, Hoffman says the company and its senior leadership team are focused on producing sustainable organic growth that drives better free cash flow growth with high quality incremental returns on capital.
06/03/19
KEYB
06/03/19
NO CHANGE
Target $120
KEYB
Overweight
Waste Management price target raised to $120 from $112 at KeyBanc
KeyBanc analyst Sean Eastman raised his price target for Waste Management to $120 from $112 post the 2019 Investor Day on greater confidence that the company's new leadership team is deploying a focused and disciplined growth strategy and that budding technology initiatives are likely to build on the solid operational improvement delivered in recent years. While incremental detail on the ADSW transaction was limited, the analyst has rolled out a combined 2020 estimate that suggests Waste Management continues to look attractive relative to peers. He reiterates an Overweight rating on the shares.
06/03/19
RBCM
06/03/19
UPGRADE
Target $125
RBCM
Outperform
Waste Management upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Derek Spronck upgraded Waste Management to Outperform from Sector Perform and raised his price target for the shares to $125 from $113.
ICHR Ichor Holdings
$22.76

-0.3 (-1.30%)

03/28/19
RBCM
03/28/19
INITIATION
Target $29
RBCM
Outperform
Ichor Holdings assumed with an Outperform at RBC Capital
RBC analyst Mitch Steves assumed coverage of Ichor Holdings with an Outperform rating and a price target of $29, saying he anticipates revenue growth in 2020 with the challenging 2019 for the "semi-cap space" being priced in. The analyst sees the company generating mid-high single digit WFE growth following a "notable reduction" this year and market share gains across both gas and chemical delivery markets. Steves adds that Ichor Holdings trades at an attractive valuation of below 13-times his expected forward-twelve-month earnings vs. 18-times earnings average for its peer group.
05/16/19
05/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Jefferies starts 'underappreciated' Par Technology (PAR) with Buy rating. 2. Ichor Holdings (ICHR) initiated with a Buy at B. Riley FBR. 3. T2 Biosystems (TTOO) initiated with a Buy at Alliance Global Partners. 4. CV Sciences (CVSI) initiated with a Buy at Roth Capital. 5. Hillenbrand (HI) initiated with a Buy at Buckingham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/16/19
RILY
05/16/19
INITIATION
Target $32
RILY
Buy
Ichor Holdings initiated with a Buy at B. Riley FBR
B. Riley FBR analyst Craig Ellis started Ichor Holdings with a Buy rating and $32 price target.
05/08/19
NORL
05/08/19
DOWNGRADE
Target $25
NORL
Market Perform
Ichor Holdings downgraded to Market Perform from Outperform at Northland
Northland analyst Gus Richard downgraded Ichor Holdings to Market Perform from Outperform but raised his price target on the shares to $25 from $22 following the company's Q1 report and Q2 guidance.
LITE Lumentum
$46.55

0.36 (0.78%)

06/06/19
LEHM
06/06/19
NO CHANGE
Target $50
LEHM
Overweight
Lumentum price target lowered to $50 from $60 at Barclays
Barclays analyst Blayne Curtis lowered his price target for Lumentum to $50 from $60 citing an "increasingly weaker market." The analyst, however, keeps an Overweight rating on the shares.
05/21/19
DADA
05/21/19
NO CHANGE
Target $75
DADA
Buy
Lumentum price target lowered to $75 from $90 at DA Davidson
DA Davidson analyst Mark Kelleher lowered his price target on Lumentum (LITE) to $75 after its Q3 earnings cut that followed the U.S. Commerce Department decision to add Huawei to its "Entity List". The analyst also lowers his FY19 and FY20 EPS view by 17c and 78c to $4.12 and $3.97 respectively, noting that the higher projected earnings decline for the company relative to its revenue implies reduced leverage because of the need to reset its cost structure. Longer term, Kelleher still keeps his Buy rating on Lumentum, stating that a "blockade" of Huawei may be "unsustainable" and that the company's shipments to ZTE (ZTCOY) may be an "alternative door" for supplying its components to the China market.
05/30/19
JPMS
05/30/19
NO CHANGE
JPMS
JPMorgan views Cisco, Ciena as 'safe havens' during trade war
The vast majority of the multiple de-rating in the Networking/IT Hardware sector has been driven by investor concerns relative to the recent escalation in the trade stand-off with China, and investors are mindful of stocks with high exposure to China and/or Huawei, JPMorgan analyst Samik Chatterjee tells investors in a research note. The analyst continues to recommend Cisco Systems (CSCO) as his top pick for investors as a "relative safe haven," along with Ciena (CIEN), as he believes the company's upcoming fiscal Q2 results will likely be a catalyst. Beyond these names, Chatterjee sees a favorable set up for Neutral-rated Arista Networks (ANET) and he continues to recommend Overweight-rated Lumentum (LITE), despite its high exposure to both China and Huawei.
05/28/19
NEED
05/28/19
NO CHANGE
Target $62
NEED
Buy
Fabrinet price target lowered to $62 from $70 at Needham
Needham analyst Alex Henderson lowered his price target on Fabrinet (FN) to $62 to reflect the company's loss of sales to Huawei on the expected impact to Lumentum (LITE) - one of Fabrinet's largest customers. The analyst notes that although Huawei is not a direct Fabrinet customer, between Lumentum and NeoPhotonics (NPTN), about 10% of its revenue is tied to Huawei through its customers. Henderson still keeps his Buy rating on the stock with an optimistic view that a trade deal between U.S. and China will be reached "at some point."
SLCA U.S. Silica
$10.49

0.27 (2.64%)

01/17/19
STFL
01/17/19
NO CHANGE
STFL
Stifel lowers Oilfield Services and Equipment estimates
Stifel analyst Stephen Gengaro said he expects overall E&P capital spending to be about flat in the U.S. market and he cut his forecast for U.S. drilling and completion activity based on the current WTI crude oil strip. He lowered his U.S rig count projections by 50 to 1,050 rigs in 2019 and by 100 to 1,150 rigs in 2020 and he cut his 2019 EBITDA forecast by roughly 10% on average. Based on the changes in estimates, Gengaro lowered his earnings expectations for the majority of the names he covers and cut his price targets on several. Among the largest target changes, he lowered his price target on Core Laboratories (CLB) to $86 from $110, cut his target on Emerge Energy (EMES) to $3 from $5, reduced his target on Halliburton (HAL) to $37 from $45 and trimmed his target on Superior Energy (SPN) to $5 from $9. Others in the space that Gengaro covers include Baker Hughes (BHGE), DMC Global (BOOM), Civeo (CVEO), Keane Group (FRAC), FTS International (FTSI), Liberty Oilfield Services (LBRT), National Oilwell (NOV), Oil States (OIS), Pioneer Energy (PES), ProPetro Holding (PUMP), RPC, Inc. (RES), Schlumberger (SLB), U.S. Silica (SLCA), Smart Sand (SND), Solaris Oilfield (SOI), Tenaris (TS), Tetra Technologies (TTI) and Weatherford (WFT).
02/20/19
PIPR
02/20/19
NO CHANGE
Target $17
PIPR
Overweight
U.S. Silica price target raised to $17 from $13 at Piper Jaffray
Piper Jaffray analyst John Watson raised his price target for U.S. Silica Holdings to $17 saying the company reported a "nice quarter" relative to his expectations. U.S. Silica bought back 4.5M shares during the quarter and provided constructive SandBox guidance, Watson tells investors in a post-earnings research note. He believes that if the company can hold its Oil & Gas contribution margin relatively flat over the coming quarters and grow its ISP business, "institutional investor interest could increase." The analyst keeps an Overweight rating on U.S. Silica.
04/02/19
JEFF
04/02/19
NO CHANGE
Target $18
JEFF
Hold
Jefferies stays negative on frac sand despite raising price targets
The recent Northern White Sand spot pricing strength should reverse in the second half of 2019 as exploration and production spending edges lower in back half of the year, logistics bottlenecks ease, and more in-basin mines start up, Jefferies analyst Saurabh Pant tells investors in a research note. He sees total effective utilization remaining at ~50% and earnings "remaining flattish" into 2020. As such, he stays negative on frac sand and reiterates Underperform ratings on pure plays Hi-Crush Partners (HCLP) and Smart Sand (SND) as well as Hold ratings on the more diversified U.S. Silica Holdings (SLCA) and Covia (CVIA). "We watch for active short opportunities to emerge through" Q2, says Pant. The analyst, however, raised his price target for Covia to $6 from $4, for Hi-Crush to $3.50 from $2.50, for Smart Sand to $3.50 from $2, and for U.S. Silica to $18 from $15.
01/30/19
OTRG
01/30/19
UPGRADE
OTRG
Mixed
North American Frac Sand Market raised to Mixed from Negative at OTR Global
OTR Global raised its rating on the North American Frac Sand Market to Mixed from Neutral following checks that indicate demand and spot prices are slowly stabilizing in January following a drop in Q4.

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AGCO

Agco

$75.20

0.33 (0.44%)

10:57
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Agco management to meet with Oppenheimer »

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  • 20

    Jun

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    Jun

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    Jun

  • 26

    Jun

WORK

Slack Technologies

$0.00

(0.00%)

10:54
06/20/19
06/20
10:54
06/20/19
10:54
Syndicate
Breaking Syndicate news story on Slack Technologies »

Slack Technologies direct…

03/08/13
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GDX

VanEck Vectors Gold Miners ETF

$24.79

0.82 (3.42%)

10:50
06/20/19
06/20
10:50
06/20/19
10:50
Options
Recent call buyer in Gold Miners ETF hit the mother lode on Fed stance »

Recent call buyer in Gold…

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AMC

AMC Entertainment

$11.13

-0.39 (-3.39%)

10:45
06/20/19
06/20
10:45
06/20/19
10:45
Options
AMC Entertainment call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

    Jun

10:45
06/20/19
06/20
10:45
06/20/19
10:45
General news
Breaking General news story  »

3-Month Bill Announcement…

10:45
06/20/19
06/20
10:45
06/20/19
10:45
General news
Breaking General news story  »

6-Month Bill Announcement…

TSN

Tyson Foods

$77.87

0.1 (0.13%)

10:45
06/20/19
06/20
10:45
06/20/19
10:45
Earnings
Tyson Foods sees adjusted EPS growth in 'high single digits' »

In analyst day slides,…

03/08/13
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  • 20

    Jun

AAPL

Apple

$198.90

1.03 (0.52%)

10:44
06/20/19
06/20
10:44
06/20/19
10:44
Hot Stocks
Apple, in letter to Lighthizer, urges U.S. not to impose additional tariffs »

Apple said in a letter to…

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JBLU

JetBlue

$19.16

0.11 (0.58%)

, EADSY

Airbus

$0.00

(0.00%)

10:43
06/20/19
06/20
10:43
06/20/19
10:43
Periodicals
JetBlue to order 13 A321XLR aircraft from Airbus, Reuters says »

JetBlue (JBLU) will order…

JBLU

JetBlue

$19.16

0.11 (0.58%)

EADSY

Airbus

$0.00

(0.00%)

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BCEL

Atreca

$0.00

(0.00%)

10:40
06/20/19
06/20
10:40
06/20/19
10:40
Syndicate
Breaking Syndicate news story on Atreca »

Atreca opens at $19.90,…

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  • 20

    Jun

DPUKY

Domino's Pizza Group

$0.00

(0.00%)

10:38
06/20/19
06/20
10:38
06/20/19
10:38
Periodicals
Domino's Pizza Group in talks to replace CEO, Sky News reports »

Domino's Pizza Group…

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W

Wayfair

$160.99

-1.56 (-0.96%)

10:35
06/20/19
06/20
10:35
06/20/19
10:35
Options
Wayfair put volume heavy and directionally bearish »

Bearish flow noted in…

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ANIP

ANI Pharmaceuticals

$76.25

1.86 (2.50%)

10:33
06/20/19
06/20
10:33
06/20/19
10:33
Hot Stocks
ANI Pharmaceuticals announces FDA approval for Vancomycin supplement »

ANI Pharmaceuticals…

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ACRS

Aclaris Therapeutics

$5.25

0.14 (2.74%)

10:31
06/20/19
06/20
10:31
06/20/19
10:31
Hot Stocks
FDA says Aclaris ad makes false or misleading claims about Eskata »

The FDA sent a letter to…

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10:30
06/20/19
06/20
10:30
06/20/19
10:30
General news
EIA natural gas storage change for week ending June 14 »

Gas inventories 115 Bcf…

10:30
06/20/19
06/20
10:30
06/20/19
10:30
General news
Treasury Action: Treasuries remain richer on the day »

Treasury Action:…

GO

Grocery Outlet

$0.00

(0.00%)

10:28
06/20/19
06/20
10:28
06/20/19
10:28
Syndicate
Grocery Outlet indicated to open at $30, IPO priced at $22 »

Grocery Outlet (GO)…

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  • 20

    Jun

10:27
06/20/19
06/20
10:27
06/20/19
10:27
General news
Trump tweets 'Iran made a very big mistake' »

President Trump tweeted,…

BCEL

Atreca

$0.00

(0.00%)

10:25
06/20/19
06/20
10:25
06/20/19
10:25
Syndicate
Atreca indicated to open at $20.30, IPO priced at $17.00 »

Atreca (BCEL) priced…

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  • 20

    Jun

10:25
06/20/19
06/20
10:25
06/20/19
10:25
Conference/Events
Jefferies technology analysts to hold an analyst/industry conference call »

Analysts, along with Alan…

CVS

CVS Health

$53.97

-0.92 (-1.68%)

10:25
06/20/19
06/20
10:25
06/20/19
10:25
Conference/Events
CVS Health participates in a conference call with Morgan Stanley »

Healthcare Technology…

03/08/13
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  • 20

    Jun

VSTM

Verastem

$1.72

-0.18 (-9.47%)

10:21
06/20/19
06/20
10:21
06/20/19
10:21
Downgrade
Verastem rating change at BTIG »

Verastem downgraded to…

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WORK

Slack Technologies

$0.00

(0.00%)

10:20
06/20/19
06/20
10:20
06/20/19
10:20
Syndicate
Slack Technologies direct listing indicated to open at $30-$34 per share »

Slack Technologies…

03/08/13
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03/06/13
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GLD

SPDR Gold Shares

$130.24

2.35 (1.84%)

10:20
06/20/19
06/20
10:20
06/20/19
10:20
Options
Gold ETF option volume 7x normal as spot jumps 2% »

Gold ETF option volume 7x…

03/08/13
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03/06/13
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03/06/13
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