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LYFT

Lyft

$64.88

1.9 (3.02%)

, UBER

Uber

$44.46

1.955 (4.60%)

10:46
06/27/19
06/27
10:46
06/27/19
10:46

Morgan Stanley CEO says report of Lyft synthetic short 'ridiculous'

Morgan Stanley CEO James Gorman told CNBC that allegations that his firm created a synthetic product to short shares of Lyft (LYFT) is "ridiculous." Gorman added that the initial public offering of Uber Technologies (UBER) was priced appropriately.

LYFT

Lyft

$64.88

1.9 (3.02%)

UBER

Uber

$44.46

1.955 (4.60%)

MS

Morgan Stanley

$43.27

0.27 (0.63%)

  • 09

    Jul

LYFT Lyft
$64.88

1.9 (3.02%)

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.
06/12/19
EVER
06/12/19
INITIATION
Target $74
EVER
Outperform
Lyft initiated with an Outperform at Evercore ISI
Evercore ISI started Lyft with an Outperform rating and $74 price target.
06/12/19
EVER
06/12/19
INITIATION
EVER
Outperform
Evercore starts Lyft and Uber at Outperform, sees 'powerful' near-term catalysts
Evercore ISI analyst Benjamin Black initiated coverage of both Lyft (LYFT) and Uber Technologies (UBER) with Outperform ratings. The analyst put a $74 price target on Lyft and a $60 price target on Uber. The stocks closed today up 34c to $58.41 and down 35c to $42.17, respectively. The ride-hailing space has "powerful" near-term catalysts, which could drive a re-rating of both stocks, Black tells investors in a research note. The pricing environment is "quietly improving," incentives are maturing, and both Uber and Lyft can hit profitability sooner than consensus expectations, says Black.
06/13/19
06/13/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zillow (ZG) initiated with a Neutral at Piper Jaffray. 2. WPX Energy (WPX) initiated with a Buy at MKM Partners. 3. Lyft (LYFT) and Uber (UBER) were initiated with an Outperform at Evercore ISI. 4. Sea Limited (SE) initiated with an Overweight at JPMorgan. 5. Pinduoduo (PDD) initiated with a Buy at Benchmark. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
UBER Uber
$44.46

1.955 (4.60%)

06/20/19
NRCS
06/20/19
INITIATION
NRCS
Neutral
Uber initiated with a Neutral at Northcoast
Northcoast analyst John Healy initiated Uber with a Neutral rating, telling investors that while he views its services as "first class," he is not yet convinced about its competitive moats and whether the economics of the business will improve at a rate that supports the current valuation. Given the recent deceleration in core ridesharing revenues, Healy would also like more clarity on if Uber can prove itself a "long-term share leader as opposed to simply a pioneer." Though he did not set a price target, the analyst said valuing Uber shares on an EV/Sales approach could result in a fair value estimate "somewhere in the low $40 range."
06/25/19
DAIW
06/25/19
INITIATION
Target $46
DAIW
Neutral
Uber initiated with a Neutral at Daiwa
Daiwa analyst Jairam Nathan initiated Uber with a Neutral rating and $46 price target, citing his view of the company's "potentially longer road to profitability." While he recognizes the company's strong revenue growth opportunity, he notes that consensus expectations are for EBITDA profitability by 2023 and Nathan things higher investment need and execution risks are not adequately reflected in the stock's current valuation.
06/20/19
06/20/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with a Hold at Deutsche Bank. 2. Corteva (CTVA) initiated with a Sector Perform at RBC Capital. 3. Amcor (AMCR) initiated with a Buy at Citi. 4. Healthcare Realty Trust (HR) initiated with a Neutral at Citi. 5. Uber (UBER) initiated with a Neutral at Northcoast. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/18/19
NEED
06/18/19
INITIATION
Target $165
NEED
Buy
Twilio initiated with a Buy at Needham
Needham analyst Richard Valera initiated Twilio with a Buy rating and a price target of $165, citing the company's position as a "leader in the Communications Platform as a Service, or CPaaS, market." The analyst notes that Twilio has generated an "exceptional" organic growth rate of over 60% and expects that trend to continue thanks to its ability to integrate "all manner of digital communications" within apps of "natives" like Uber (UBER) and AirBnB, along with enterprises in the midst of digital transformation. Valera is positive on Twilio's "early market position", efficient sales model, and the higher level functions of its platform.
MS Morgan Stanley
$43.27

0.27 (0.63%)

04/18/19
BMOC
04/18/19
NO CHANGE
Target $68
BMOC
Outperform
Morgan Stanley price target raised to $68 from $65 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Morgan Stanley to $68 and kept his Outperform rating after its "broad based" Q1 earnings beat, also raising his FY19 and FY20 EPS view by 22c and $1.11 to $5.16 and $5.95 respectively. The analyst contends that at a 2-year-forward rolling earnings multiple of 7.9-times, the market "fails to appreciate" Morgan Stanley's wealth management-rich business mix, while also pointing to the "pent-up deal pipeline" for the rest of the 2019.
04/18/19
04/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying Morgan Stanley reported "strong" Q1 results but the shares are fairly valued. 2. Snap (SNAP) downgraded to Negative from Mixed at Vertical Group and to Neutral from Outperform at Wedbush. 3. Rite Aid (RAD) downgraded with a Sell from Neutral at Guggenheim while Walgreens Boots Alliance (WBA) was downgraded with a Neutral from Buy. 4. CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill with analyst Steve Byrne saying he has spoken with 10 key channel contacts in the Cornbelt and several commented that never in their 30-plus year careers have they seen fertilizer applications this far behind, mainly due to the weather. 5. FMC Corporation (FMC) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the "uncertainty of Rynaxypyr and Cyazypyr patent expiration" as well as the reduced multiple from the recent lithium separation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/24/19
UBSW
06/24/19
NO CHANGE
UBSW
DFAST results encourgaing for Wells Fargo, says UBS
UBS analyst Saul Martinez said the DFAST results from the Federal Reserve, reported after the close on Friday, were most encouraging for "those who didn't fare as well last year," like Wells Fargo (WFC). He thinks Goldman Sachs (GS), Morgan Stanley (MS) and State Street (STT) look like they have room to reach his forecasted capital returns and also said lower stressed losses at Citi (C) and JPMorgan (JPM) could suggest that the current SCB proposal may not lead to materially higher minimum capital requirements, added Martinez. However, he thinks there could be some downside to his capital return estimates for Capital One (COF), which he notes have been above consensus.
04/18/19
SBSH
04/18/19
DOWNGRADE
Target $48
SBSH
Neutral
Citi downgrades Morgan Stanley to Neutral despite 'strong' Q1 results
Citi analyst Keith Horowitz downgraded Morgan Stanley to Neutral from Buy with an unchanged price target of $48. The stock in premarket trading is down 45c to $47.81. Morgan reported "strong" Q1 results but the shares are fairly valued, Horowitz tells investors in a research note. The analyst points out the stock has outperformed peers by rallying 22% year-to-date. Though Morgan Stanley has "very high quality" franchises and the potential to continue to gain market share, "we'd rather be on the sidelines in the near-term," says Horowitz.

TODAY'S FREE FLY STORIES

BHVN

Biohaven Pharmaceutical

$44.16

-0.61 (-1.36%)

18:12
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18:12
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Biohaven receives CRL from FDA for application seeking NURTEC approval »

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  • 09

    Sep

CE

Celanese

$107.01

0.9 (0.85%)

18:01
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Celanese announces acetyl intermediates price increases »

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  • 23

    Jul

F

Ford

$10.20

-0.06 (-0.58%)

17:48
07/19/19
07/19
17:48
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17:48
Periodicals
Ford plans to lay off 185 employees at Ontario plant, Reuters reports »

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  • 24

    Jul

  • 23

    Oct

RTN

Raytheon

$178.55

2.45 (1.39%)

17:48
07/19/19
07/19
17:48
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Hot Stocks
Raytheon awarded $191.01M Air Force contract modification »

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  • 25

    Jul

UTX

United Technologies

$132.37

1.08 (0.82%)

17:44
07/19/19
07/19
17:44
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17:44
Hot Stocks
United Technologies awarded $253.71M Air Force contract »

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  • 23

    Jul

LMT

Lockheed Martin

$356.90

0.675 (0.19%)

17:40
07/19/19
07/19
17:40
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17:40
Hot Stocks
Lockheed Martin awarded $1.47B Missile Defense Agency contract modification »

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  • 23

    Jul

ARES

Ares Management

$28.13

-0.305 (-1.07%)

17:33
07/19/19
07/19
17:33
07/19/19
17:33
Syndicate
Breaking Syndicate news story on Ares Management »

Ares Management files…

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  • 31

    Jul

  • 06

    Aug

HAFC

Hanmi Financial

$21.68

-0.105 (-0.48%)

17:33
07/19/19
07/19
17:33
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17:33
Hot Stocks
Hanmi Financial to delay release of Q2 results »

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  • 23

    Jul

PAYS

Paysign

$17.49

-0.48 (-2.67%)

17:32
07/19/19
07/19
17:32
07/19/19
17:32
Syndicate
Breaking Syndicate news story on Paysign »

Paysign files $150M mixed…

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MEOH

Methanex

$43.19

0.83 (1.96%)

17:28
07/19/19
07/19
17:28
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17:28
Hot Stocks
Methanex reaches final investment decision on methanol plant in Geismar, LA »

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  • 01

    Aug

17:17
07/19/19
07/19
17:17
07/19/19
17:17
Conference/Events
Credit Suisse biotech analysts to hold an analyst/industry conference call »

Biotech Analysts provide…

17:14
07/19/19
07/19
17:14
07/19/19
17:14
Conference/Events
UBS retail/hardlines analyst to hold an analyst/industry conference call »

Retail/Hardlines Analyst…

SHIP

Seanergy Marine

$0.64

-0.0425 (-6.25%)

17:05
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07/19
17:05
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17:05
Hot Stocks
Seanergy Maritime receives noncompliance notice from Nasdaq »

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SONM

Sonim

$13.42

0.24 (1.82%)

16:41
07/19/19
07/19
16:41
07/19/19
16:41
Conference/Events
Sonim management to meet with Oppenheimer »

Meetings to be held on…

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  • 24

    Jul

  • 25

    Jul

  • 26

    Jul

  • 12

    Sep

KINS

Kingstone Companies

$8.81

0.09 (1.03%)

16:30
07/19/19
07/19
16:30
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16:30
Hot Stocks
Kingstone names Barry Goldstein CEO »

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  • 07

    Aug

  • 09

    Aug

16:30
07/19/19
07/19
16:30
07/19/19
16:30
Options
Preliminary option volume of 22.6M today »

Preliminary option volume…

BA

Boeing

$377.34

16.17 (4.48%)

, MSFT

Microsoft

$136.62

0.33 (0.24%)

16:24
07/19/19
07/19
16:24
07/19/19
16:24
On The Fly
Fly Intel: Wall Street's top stories for Friday »

Stocks were tentatively…

BA

Boeing

$377.34

16.17 (4.48%)

MSFT

Microsoft

$136.62

0.33 (0.24%)

AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

AAPL

Apple

$202.62

-3.02 (-1.47%)

WMT

Walmart

$113.91

-0.77 (-0.67%)

DIS

Disney

$139.86

-1.76 (-1.24%)

GCI

Gannett

$9.43

1.53 (19.37%)

CRWD

Crowdstrike

$83.50

10.75 (14.78%)

SKX

Skechers

$39.00

4.25 (12.23%)

PACB

Pacific Biosciences

$5.34

-0.53 (-9.03%)

ILMN

Illumina

$293.10

-5.44 (-1.82%)

CHWY

Chewy

$30.70

-2.09 (-6.37%)

03/08/13
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  • 24

    Jul

  • 25

    Jul

  • 29

    Jul

  • 30

    Jul

  • 03

    Aug

  • 06

    Aug

  • 06

    Aug

  • 08

    Aug

  • 15

    Aug

  • 03

    Sep

  • 25

    Sep

  • 13

    Nov

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
07/19/19
07/19
16:20
07/19/19
16:20
Options
Closing CBOE SPX and VIX Index summary for July 19th »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/19/19
07/19
16:17
07/19/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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BCBP

BCB Bancorp

$12.71

-0.09 (-0.70%)

16:17
07/19/19
07/19
16:17
07/19/19
16:17
Earnings
BCB Bancorp reports Q2 EPS 30c, consensus 30c »

Net interest margin was…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
07/19/19
07/19
16:16
07/19/19
16:16
Technical Analysis
NYSE market internals summary »

Volume was below average…

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CNXM

CNX Midstream Partners

$14.30

-0.205 (-1.41%)

16:16
07/19/19
07/19
16:16
07/19/19
16:16
Hot Stocks
CNX Midstream Partners raises quarterly distribution 3.6% to 38.65c per unit »

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  • 30

    Jul

TELL

Tellurian

$7.25

0.22 (3.13%)

16:16
07/19/19
07/19
16:16
07/19/19
16:16
Syndicate
Breaking Syndicate news story on Tellurian »

Tellurian files to sell…

03/08/13
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16:15
07/19/19
07/19
16:15
07/19/19
16:15
General news
Breaking General news story  »

Boston Federal Reserve…

ROKU

Roku

$106.83

-2.18 (-2.00%)

16:13
07/19/19
07/19
16:13
07/19/19
16:13
Conference/Events
Roku management to meet with Oppenheimer »

Bull/Bear Luncheon to be…

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  • 22

    Jul

  • 07

    Aug

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