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COMM

CommScope

$15.48

-0.11 (-0.71%)

05:37
06/27/19
06/27
05:37
06/27/19
05:37

CommScope price target lowered to $17 from $24 at Nomura Instinet

Nomura Instinet analyst Jeffrey Kvaal lowered his price target for CommScope to $17 from $24 saying another negative revision is possible. CommScope's decision to rescind annual guidance after the Arris deal has driven a "wide spread" in consensus 2019 sales estimates, which may now need to be revised lower, Kvaal tells investors in a research note. He believes CommScope consensus estimates face downside risk and keeps a Neutral rating on the shares. The analyst cites the company's lower than expected debt reduction progress for his reduced price target.

COMM CommScope
$15.48

-0.11 (-0.71%)

06/20/19
06/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Genomic Health (GHDX) upgraded to Overweight from Neutral at Piper Jaffray analyst William Quirk stating management appears "comfortable" with the pace of the current business ahead of the German reimbursement decision. 2. Bright Horizons (BFAM) upgraded to Buy from Neutral at Goldman Sachs with analyst George Tong sayinh favorable secular trends, a "strong" pipeline of new center openings, enrollment growth and tuition increases create a "robust" revenue growth outlook. 3. CommScope (COMM) upgraded to Buy from Neutral at Goldman Sachs with analyst Mark Delaney stating the company can expand margins from a combination of lower input costs as DRAM pricing and copper pricing have both fallen. 4. First Financial Bancorp (FFBC) upgraded to Overweight from Neutral at Piper Jaffray with analyst Nathan Race saying shares are "overly discounted" at current levels and discussions with management indicate improved visibility on near-term core net interest margin and loan growth trends. 5. AES Corp. (AES) upgraded to Neutral from Underperform at BofA/Merrill with analyst Julien Dumoulin-Smith noting a "constructive" meeting with management and saying he sees upside to renewable development opportunities and expects opportunities in Vietnam and the Atlantic Basin to drive growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/20/19
GSCO
06/20/19
UPGRADE
Target $19
GSCO
Buy
Goldman Sachs upgrades CommScope to Buy on margin expansion potential
Goldman Sachs analyst Mark Delaney upgraded CommScope Holding to Buy from Neutral while lowering his price target for the shares to $19 from $20. The company can expand margins from a combination of lower input costs, as DRAM pricing and copper pricing have both fallen, and cost synergies from the Arris transaction, Delaney tells investors in a research note. The analyst views CommScope's price-to-earnings multiple as attractive given his expectations for "solid" free cash flow generation and debt reduction over time. Further, the company has opportunities to benefit from secular trends like 5G and datacenter, adds Delaney.
06/20/19
GSCO
06/20/19
UPGRADE
Target $19
GSCO
Buy
CommScope upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Mark Delaney upgraded CommScope to Buy from Neutral while lowering his price target for the shares to $19 from $20. The analyst sees margin expansion and deleveraging opportunities for the company.
06/14/19
06/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Transocean (RIG) downgraded to Neutral from Buy at Citi with analyst Scott Gruber saying his organic cash burn analysis implies the drillers will burn cash until "at least" 2021. 2. CommScope (COMM) downgraded to Outperform from Strong Buy at Raymond James with analyst Simon Leopold saying he is concerned that performance of the acquired ARRIS business will be worse than expected. 3. Spirit AeroSystems (SPR), Astronics (ATRO), and Barnes Group (B) were downgraded to Sell from Hold at SunTrust while Woodward (WWD) and Ducommun (DCO) were downgraded to Hold from Buy. 4. Melinta Therapeutics (MLNT) downgraded to Underweight from Neutral at JPMorgan with analyst Eric Joseph saying while a market cap valuation of $20M-25M "begs the questions of whether shares have yet reached bottom," he believes the answer is "no." 5. Ashland (ASH) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CHFC

Chemical Financial

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0.015 (0.14%)

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General Motors

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JBLU

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GOOG

Alphabet

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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CFRX

ContraFect

$0.47

-0.0187 (-3.83%)

14:12
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More from Kaplan: he thinks the funds rate will stabilize after just one rate cut »

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ATEC

Alphatec

$4.38

-0.06 (-1.35%)

14:09
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Syndicate
Breaking Syndicate news story on Alphatec »

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SPOT

Spotify

$154.15

-0.13 (-0.08%)

, AAPL

Apple

$203.82

-1.36 (-0.66%)

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SPOT

Spotify

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AAPL

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-1.36 (-0.66%)

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MCD

McDonald's

$213.70

-0.48 (-0.22%)

, UBER

Uber

$44.37

-0.14 (-0.31%)

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MCD

McDonald's

$213.70

-0.48 (-0.22%)

UBER

Uber

$44.37

-0.14 (-0.31%)

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APRN

Blue Apron

$12.46

4.81 (62.88%)

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Explosive action in BlueApron as partnership with BYND anhiliates shorts »

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AAPL

Apple

$204.13

-1.05 (-0.51%)

, SPOT

Spotify

$154.63

0.35 (0.23%)

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Apple to fund original podcasts in challenge to Spotify, Bloomberg says »

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SPOT

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$154.63

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TSLA

Tesla

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CARS

Cars.com

$20.95

-0.56 (-2.60%)

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Cars.com put volume heavy and directionally bearish »

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BAC

Bank of America

$28.93

-0.29 (-0.99%)

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Abbott

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BAC

Bank of America

$28.93

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ABT

Abbott

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USB

U.S. Bancorp

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PNC

PNC Financial

$138.85

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PGR

Progressive

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0.245 (0.29%)

BK

BNY Mellon

$43.20

0.05 (0.12%)

OMC

Omnicom

$84.47

0.46 (0.55%)

TXT

Textron

$54.17

0.74 (1.39%)

CMA

Comerica

$71.70

0.34 (0.48%)

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CSX

CSX

$79.79

1.27 (1.62%)

, CTAS

Cintas

$243.78

0.47 (0.19%)

13:49
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CSX

CSX

$79.79

1.27 (1.62%)

CTAS

Cintas

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UAL

United Continental

$94.36

3.06 (3.35%)

FNF

Fidelity National

$41.43

-0.12 (-0.29%)

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GLYC

GlycoMimetics

$12.62

-0.17 (-1.33%)

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GlycoMimetics call volume above normal and directionally bullish »

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FUN

Cedar Fair

$50.85

0.4 (0.79%)

13:25
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TM

Toyota

$128.80

1.16 (0.91%)

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HYG

iShares iBoxx $ High Yield Corporate Bond

$86.87

-0.12 (-0.14%)

13:20
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Put roll in High Yield Bond ETF re-rolls protective position »

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