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AAL

American Airlines

$31.11

0.57 (1.87%)

, DAL

Delta Air Lines

$55.45

0.58 (1.06%)

04:55
06/13/19
06/13
04:55
06/13/19
04:55

Stephens to hold a plane trip

Airline Investor Plane Trip travels in New York and in Florida to meet with various companies on June 12-13.

AAL

American Airlines

$31.11

0.57 (1.87%)

DAL

Delta Air Lines

$55.45

0.58 (1.06%)

JBLU

JetBlue

$19.24

0.14 (0.73%)

SAVE

Spirit Airlines

$49.68

0.03 (0.06%)

  • 20

    Jun

  • 13

    Nov

AAL American Airlines
$31.11

0.57 (1.87%)

05/20/19
05/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. American Airlines (AAL) downgraded to Underweight from Equal Weight at Morgan Stanley while Delta Air Lines (DAL) was downgraded to Equal Weight from Overweight. 2. Deutsche Bank (DB) downgraded to Sell from Neutral at UBS with the firm saying the bank is facing limited strategic options and its operating conditions are unlikely to improve in the near term amid intense competition. 3. Eaton Vance (EV) double downgraded to Underperform from Buy at BofA/Merrill with analyst Michael Carrier lowering estimates to reflect slower flow trends, a difficult product mix, and potential margin pressures ahead. 4. ProAssurance (PRA) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Christopher Campbell saying the stock has rallied 9% since the company's "disappointing" Q1 results. 5. Clorox (CLX) downgraded to Hold from Buy at Argus with analyst John Staszak citing the company's revenue deceleration reported in Q3 to "just 2%" as well as its near-term growth outlook cut to 2%-3% from 2%-4%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/20/19
MSCO
05/20/19
NO CHANGE
MSCO
Morgan Stanley upgrades United, cuts American and Delta in airlines shake-up
As previously reported, Morgan Stanley analyst Rajeev Lalwani upgraded United Continental (UAL) to Overweight from Equal Weight, downgraded Delta Air Lines (DAL) to Equal Weight from Overweight and downgraded American Airlines (AAL) to Underweight from Equal Weight as he believes diverging paths may emerge for legacy airlines heading into 2020. United has well executing its mid-continent strategy and he sees that continuing with its loyalty program and largely stable costs leading him to believe its 2020 EPS target has a higher probability of being met, Lalwani tells investors in his sector shake-up note. Meanwhile, the analyst thinks American faces the most labor risk within the group, further compounded by rising jet fuel prices. Delta shares have outperformed year-to-date with a 10% advance and his refreshed 2020 estimates are moderately below consensus, Lalwani stated in explanation of his downgrade of that stock. The analyst raised his price target on United shares to $110 from $101, lowered his target on American to $26 from $40 and trimmed his price target on Delta to $61 from $62.
05/20/19
MSCO
05/20/19
DOWNGRADE
MSCO
Underweight
American Airlines downgraded to Underweight from Equal Weight at Morgan Stanley
06/05/19
STPT
06/05/19
INITIATION
STPT
Buy
American Airlines initiated with a Buy at Standpoint Research
DAL Delta Air Lines
$55.45

0.58 (1.06%)

05/20/19
MSCO
05/20/19
DOWNGRADE
MSCO
Equal Weight
Delta Air Lines downgraded to Equal Weight from Overweight at Morgan Stanley
05/10/19
WBLR
05/10/19
UPGRADE
WBLR
Outperform
Delta's free Wi-Fi trial drives William Blair to upgrade Gogo to Outperform
William Blair analyst Louie DiPalma upgraded Gogo (GOGO) to Outperform from Market Perform following Delta Air Lines' (DAL) announcement that it will begin trialing free Wi-Fi on select Gogo-equipped aircraft. The decision by Delta to publicly announce this "ambitious" project is a large vote of confidence not only for Gogo's technology, but also for its newfound financial stability, DiPalma tells investors in a research note. He points out that Delta is Gogo's largest customer, representing 30% of its revenue. The analyst thinks Delta's free Wi-Fi rollout will be the catalyst that causes investor sentiment on Gogo "to hit an inflection point." DiPalma projects that Gogo shares by 2021 will appreciate to a range of $10 to $15, which corresponds to a free cash flow yield of 4% to 6%. The stock in premarket trading is up 14c to $5.30.
JBLU JetBlue
$19.24

0.14 (0.73%)

06/11/19
SBSH
06/11/19
UPGRADE
Target $26
SBSH
Buy
JetBlue upgraded to Buy from Neutral at Citi
Citi analyst Kevin Crissey upgraded JetBlue Airways to Buy from Neutral and raised his price target for the shares to $26 from $19.50. JetBlue has positive catalysts to support incremental buyers with a range of time horizons and investment styles, Crissey tells investors in a research note. The analyst says his work suggests the company currently has the strongest near-term pricing outlook. With fuel prices down sharply and unit revenue "looking healthy," near term earnings estimates for JetBlue are likely to move "importantly higher," says Crissey.
06/07/19
VERT
06/07/19
UPGRADE
VERT
Buy
JetBlue upgraded to Buy from Hold at Vertical Research
Vertical Research analyst Darryl Genovesi upgraded JetBlue to Buy from Hold.
06/11/19
06/11/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Neutral at MoffettNathanson. 2. Red Rock Resorts (RRR) upgraded to Buy from Neutral at Goldman Sachs with analyst Stephen Grambling saying he sees 35% total return potential in the stock as he believes a successful Palms ramp and free cash flow "inflection" in 2020 can drive a "sustained re-rating." 3. JetBlue (JBLU) upgraded to Buy from Neutral at Citi with analyst Kevin Crissey saying JetBlue has positive catalysts to support incremental buyers with a range of time horizons and investment styles. 4. Lyft (LYFT) upgraded to Positive from Neutral at Susquehanna. 5. Dollar Tree (DLTR) resumed with an Overweight from Neutral at JPMorgan with analyst Matthew Boss saying he expects an inflection to high-single net income growth and low-double-digit consolidated earnings growth beyond fiscal 2019 as the Dollar Tree offers stability and Family Dollar improves. 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
WOLF
05/31/19
NO CHANGE
WOLF
United Continental could still possibly target JetBlue, says Wolfe Research
Wolfe Research analyst Hunter Keay, who has previously said he thinks United Continental (UAL) could acquire JetBlue (JBLU), said he still believes that is possible, but another "scenario worth thinking about" is the larger airline buying a small stake in the latter, with or without consent. United's leadership is not afraid of calculated risk and JetBlue has "has done something like it before (sort of)," Keay told investors in a note published prior to the open.
SAVE Spirit Airlines
$49.68

0.03 (0.06%)

04/26/19
SPHN
04/26/19
NO CHANGE
Target $64
SPHN
Overweight
Spirit Airlines issues hurting Q2 guidance transitory, says Stephens
Stephens analyst Jack Atkins believes Spirit Airlines' Q2 guidance "caught most investors off-guard," but he also thinks the core underlying fundamentals remain positive and the issues hurting the Q2 view are transitory. Atkins argues that the valuation following the post-earnings pullback undervalues the company's specific revenue initiatives and its structural cost advantage. He keeps an Overweight rating on Spirit Airlines shares, but lowered his price target on the stock to $64 from $72.
06/06/19
06/06/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Qorvo (QRVO) downgraded to Equal Weight from Overweight at Barclays with analyst Blayne Curtis citing the company's higher relative valuation, concerns of increased radio frequency competition, and potential further impacts from the trade war for the downgrade. 2. Spirit Airlines (SAVE) downgraded to Neutral from Buy at Goldman Sachs with analyst Catherine O'Brien saying there is downside risk to the consensus earnings forecasts for Spirit while United's estimates have appropriately incorporated tougher second half 2019 comparables. 3. Orange SA (ORAN) downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Cloudera (CLDR) downgraded two notches to Hold from Strong Buy at Needham, to Neutral from Buy at Citi, to Hold from Buy at Stifel, and to Market Perform from Outperform at Raymond James. 5. FuelCell (FCEL) downgraded to Perform from Outperform at Oppenheimer and to Market Perform from Outperform at Cowen. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/06/19
GSCO
06/06/19
DOWNGRADE
Target $60
GSCO
Neutral
Spirit Airlines downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Catherine O'Brien downgraded Spirit Airlines (SAVE) to Neutral from Buy and lowered her price target for the shares to $69 from $69. The analyst coupled the downgrade with an upgrade of United Continental Holdings (UAL) to Buy from Neutral. There is downside risk to the consensus earnings forecasts for Spirit while United's estimates have appropriately incorporated tougher second half 2019 comparables, O'Brien tells investors in a research note. The analyst is now less confident that Spirit's initiatives will ramp up enough in the back half of 2019 to offset the "materially tougher" comparables the company faces.
06/06/19
GSCO
06/06/19
UPGRADE
Target $108
GSCO
Buy
United Continental upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Catherine O'Brien upgraded United Continental Holdings (UAL) to Buy from Neutral with an unchanged price target of $108. The analyst sees a better risk/reward for the shares relative to Spirit Airlines (SAVE), a stock she downgraded this morning to Neutral from Buy. There is downside risk to the consensus earnings forecasts for Spirit while United's estimates have appropriately incorporated tougher second half 2019 comparables, O'Brien tells investors in a research note. She also believes that "several recent risk factors" to United's outlook have been priced in at current levels. Further, United is likely over the next 12 to 36 months to sign a new contract with improved economics with its co-brand credit card partner Chase, contends O'Brien.

TODAY'S FREE FLY STORIES

JSYN

Jensyn Acquisition

$0.00

(0.00%)

, PECK

Peck

$5.00

-5.02 (-50.10%)

09:30
06/20/19
06/20
09:30
06/20/19
09:30
Hot Stocks
Jensyn Acquisition completes business combination with Peck Electric »

Jensyn Acquisition Corp…

JSYN

Jensyn Acquisition

$0.00

(0.00%)

PECK

Peck

$5.00

-5.02 (-50.10%)

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

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TSU

Tim Participacoes

$14.90

0.485 (3.37%)

09:30
06/20/19
06/20
09:30
06/20/19
09:30
Upgrade
Tim Participacoes rating change  »

Tim Participacoes…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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09:30
06/20/19
06/20
09:30
06/20/19
09:30
Conference/Events
The Board of Governors of the Federal Reserve System to hold a meeting »

The Board of Governors of…

09:30
06/20/19
06/20
09:30
06/20/19
09:30
General news
The U.S. current account deficit narrowed to $130.4 B »

The U.S. current account…

TRWH

Twin River Worldwide

$28.92

-1.43 (-4.71%)

09:29
06/20/19
06/20
09:29
06/20/19
09:29
Syndicate
Twin River Worldwide Secondary offering canceled »

Twin River Worldwide…

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

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  • 21

    Jun

ORCL

Oracle

$52.69

-0.19 (-0.36%)

09:28
06/20/19
06/20
09:28
06/20/19
09:28
Recommendations
Oracle analyst commentary  »

Oracle price target…

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

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MGPI

MGP Ingredients

$62.77

1.28 (2.08%)

09:28
06/20/19
06/20
09:28
06/20/19
09:28
Conference/Events
MGP Ingredients management to meet with SunTrust »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 25

    Jun

  • 26

    Jun

SFS

Smart & Final Stores

$6.50

(0.00%)

, APO

Apollo Global

$34.11

0.67 (2.00%)

09:28
06/20/19
06/20
09:28
06/20/19
09:28
Hot Stocks
Smart & Final Stores announces completion of previously announced transaction »

Smart & Final Stores…

SFS

Smart & Final Stores

$6.50

(0.00%)

APO

Apollo Global

$34.11

0.67 (2.00%)

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

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EFX

Equifax

$133.90

1.2 (0.90%)

09:27
06/20/19
06/20
09:27
06/20/19
09:27
Hot Stocks
Equifax, GIACT Systems announce strategic alliance »

GIACT Systems and Equifax…

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

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  • 06

    Aug

  • 13

    Nov

09:27
06/20/19
06/20
09:27
06/20/19
09:27
Conference/Events
Senate Commerce, Science & Transportation Committee to hold a hearing »

The Subcommittee on…

CCL

Carnival

$52.85

0.46 (0.88%)

09:27
06/20/19
06/20
09:27
06/20/19
09:27
Downgrade
Carnival rating change  »

Carnival downgraded to…

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

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  • 20

    Jun

MAN

ManpowerGroup

$94.03

0.58 (0.62%)

09:26
06/20/19
06/20
09:26
06/20/19
09:26
Conference/Events
ManpowerGroup management to meet with SunTrust »

Field trip to meet with…

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

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  • 25

    Jun

  • 21

    Aug

GLG

China Bat Group

$0.51

-0.0409 (-7.41%)

09:25
06/20/19
06/20
09:25
06/20/19
09:25
Hot Stocks
Bat Group enters into MoU with regional commercial bank to expand business »

Bat Group announced that…

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

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09:25
06/20/19
06/20
09:25
06/20/19
09:25
Conference/Events
House Judiciary Committee to hold a hearing »

The Committee holds a…

AGIO

Agios Pharmaceuticals

$51.39

-0.58 (-1.12%)

09:25
06/20/19
06/20
09:25
06/20/19
09:25
Conference/Events
Agios Pharmaceuticals participates in a conference call with JPMorgan »

SMid Biotech Analyst Rama…

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

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  • 20

    Jun

  • 21

    Jun

RTTR

Ritter Pharmaceuticals

$0.94

0.0552 (6.27%)

09:24
06/20/19
06/20
09:24
06/20/19
09:24
Hot Stocks
Ritter Pharmaceuticals remains 'on track' with Phase 3 trial of RP-G28 »

Ritter Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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UBER

Uber

$44.85

0.97 (2.21%)

09:24
06/20/19
06/20
09:24
06/20/19
09:24
Initiation
Uber initiated  »

Uber initiated with a…

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

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DTE

DTE Energy

$130.51

1.51 (1.17%)

09:23
06/20/19
06/20
09:23
06/20/19
09:23
Hot Stocks
DTE Energy secures $1.5M in grants to provide two schools with electric buses »

DTE announced that its…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 26

    Jul

RST

Rosetta Stone

$23.31

0.51 (2.24%)

09:23
06/20/19
06/20
09:23
06/20/19
09:23
Hot Stocks
Rosetta Stone, HIAS partner to offer refugee populations language learning »

Rosetta Stone and HIAS…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 26

    Jun

  • 27

    Jun

  • 28

    Jun

FDX

FedEx

$166.60

0.28 (0.17%)

09:23
06/20/19
06/20
09:23
06/20/19
09:23
Recommendations
FedEx analyst commentary at Raymond James »

FedEx price target…

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

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  • 25

    Jun

  • 30

    Jul

  • 31

    Jul

  • 13

    Nov

TGTX

TG Therapeutics

$7.67

-0.09 (-1.16%)

09:21
06/20/19
06/20
09:21
06/20/19
09:21
Hot Stocks
TG Therapeutics presents data on umbralisib at ICML conference »

TG Therapeutics announced…

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

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LPLA

LPL Financial

$81.85

-1.96 (-2.34%)

09:21
06/20/19
06/20
09:21
06/20/19
09:21
Conference/Events
LPL Financial management to meet with JMP Securities »

Meeting to be held in New…

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

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  • 25

    Jun

  • 12

    Sep

TPX

Tempur Sealy

$72.00

1.545 (2.19%)

09:21
06/20/19
06/20
09:21
06/20/19
09:21
Recommendations
Tempur Sealy analyst commentary  »

Tempur Sealy price target…

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

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APTX

Aptinyx

$3.11

-0.07 (-2.20%)

09:18
06/20/19
06/20
09:18
06/20/19
09:18
Initiation
Aptinyx initiated  »

Aptinyx assumed with an…

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

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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

09:18
06/20/19
06/20
09:18
06/20/19
09:18
Options
Overnight activity included 764 trades in SPX and 6 trades in VIX »

764 trades were executed…

SPX

S&P 500

$0.00

(0.00%)

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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