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LYFT

Lyft

$65.23

2.245 (3.56%)

, UBER

Uber

$45.14

2.635 (6.20%)

16:48
06/27/19
06/27
16:48
06/27/19
16:48

Uber, Lyft drivers say they were misled into opposing own rights, Recode says

Some Uber (UBER) and Lyft (LYFT) drivers in California have said that they've been confused and misled by emails and in-app messages the companies have sent urging them to sign petitions or contact their local legislators to voice opposition to potential worker reclassification, Recode's Shirin Ghaffary reports. Uber and Lyft have been aggressively campaigning against a proposed measure in California that would upend their business models if it forced them and other gig economy providers to reclassify their independent contract workers as employees, Ghaffary notes. One of the reasons drivers claim they've been misled is because such messages don't mention AB5, the measure in question, at all, and they also don't say anything about the potential for drivers to become real employees, the author says. Instead, the messages warn drivers that changes to state law could take away drivers' options to drive at the times they want or work for more than one platform, the author says. Reference Link

LYFT

Lyft

$65.23

2.245 (3.56%)

UBER

Uber

$45.14

2.635 (6.20%)

  • 09

    Jul

LYFT Lyft
$65.23

2.245 (3.56%)

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
$45.14

2.635 (6.20%)

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.
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."
06/20/19
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.
06/25/19
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.

TODAY'S FREE FLY STORIES

UPS

UPS

$103.54

-2.07 (-1.96%)

12:55
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07/17
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Options
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  • 24

    Jul

VAR

Varian Medical

$134.22

-0.72 (-0.53%)

, VRAY

ViewRay

$9.31

0.16 (1.75%)

12:49
07/17/19
07/17
12:49
07/17/19
12:49
Recommendations
Varian Medical, ViewRay analyst commentary  »

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VAR

Varian Medical

$134.22

-0.72 (-0.53%)

VRAY

ViewRay

$9.31

0.16 (1.75%)

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  • 24

    Jul

  • 09

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TTWO

Take-Two

$118.37

0.88 (0.75%)

12:43
07/17/19
07/17
12:43
07/17/19
12:43
Earnings
Stephens, Cowen up Take-Two price targets ahead of Q1 results »

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  • 19

    Jul

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SSRM

SSR Mining

$14.72

0.665 (4.73%)

12:25
07/17/19
07/17
12:25
07/17/19
12:25
Options
SSR Mining call volume above normal and directionally bullish »

Bullish option flow…

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12:25
07/17/19
07/17
12:25
07/17/19
12:25
General news
Treasury Action: the downdraft in European rates has helped pulling Treasury yields lower »

Treasury Action: the…

CAPR

Capricor Therapeutics

$6.39

0.48 (8.12%)

12:25
07/17/19
07/17
12:25
07/17/19
12:25
Conference/Events
Capricor Therapeutics to host conference call »

Conference call to…

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  • 17

    Jul

IBM

IBM

$142.94

-0.6 (-0.42%)

12:24
07/17/19
07/17
12:24
07/17/19
12:24
Earnings
Fly Intel: What to watch in IBM's earnings report »

IBM (IBM) is scheduled to…

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  • 17

    Jul

  • 18

    Jul

AMZN

Amazon.com

$1,999.39

-10.61 (-0.53%)

, QCOM

Qualcomm

$76.74

1.08 (1.43%)

12:23
07/17/19
07/17
12:23
07/17/19
12:23
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks have dropped in…

AMZN

Amazon.com

$1,999.39

-10.61 (-0.53%)

QCOM

Qualcomm

$76.74

1.08 (1.43%)

MSFT

Microsoft

$137.11

0.03 (0.02%)

T

AT&T

$33.47

-0.1 (-0.30%)

BAC

Bank of America

$29.47

0.475 (1.64%)

CSX

CSX

$71.11

-8.46 (-10.63%)

ABT

Abbott

$86.33

3.22 (3.87%)

SGEN

Seattle Genetics

$73.43

10.31 (16.33%)

INO

Inovio

$2.65

-0.35 (-11.67%)

NUS

Nu Skin

$37.95

-7.55 (-16.59%)

03/08/13
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  • 17

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    Jul

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    Jul

  • 30

    Jul

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    Jul

  • 06

    Aug

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    Aug

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    Aug

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    Aug

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    Aug

  • 26

    Aug

  • 06

    Sep

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    Sep

  • 13

    Nov

KSU

Kansas City Southern

$118.05

-4.78 (-3.89%)

12:18
07/17/19
07/17
12:18
07/17/19
12:18
Downgrade
Kansas City Southern rating change  »

Kansas City Southern…

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  • 19

    Jul

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    Nov

NSC

Norfolk Southern

$194.90

-11.63 (-5.63%)

12:18
07/17/19
07/17
12:18
07/17/19
12:18
Downgrade
Norfolk Southern rating change  »

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  • 24

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CSX

CSX

$71.21

-8.36 (-10.51%)

12:18
07/17/19
07/17
12:18
07/17/19
12:18
Downgrade
CSX rating change  »

CSX downgraded to Hold…

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  • 26

    Aug

  • 13

    Nov

UNP

Union Pacific

$166.50

-8.6 (-4.91%)

12:17
07/17/19
07/17
12:17
07/17/19
12:17
Downgrade
Union Pacific rating change at C.K. Cooper »

Union Pacific downgraded…

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  • 18

    Jul

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
07/17/19
07/17
12:17
07/17/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
07/17/19
07/17
12:16
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12:16
Technical Analysis
NYSE market internals summary »

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NTAP

NetApp

$59.31

0.36 (0.61%)

12:15
07/17/19
07/17
12:15
07/17/19
12:15
Options
NetApp put volume heavy and directionally bearish »

Bearish flow noted in…

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12:15
07/17/19
07/17
12:15
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12:15
General news
Breaking General news story  »

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CBB

Cincinnati Bell

$4.28

-0.44 (-9.32%)

12:00
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Hot Stocks
Cincinnati Bell falls -9.5% »

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  • 08

    Aug

JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$21.02

-2.08 (-9.00%)

12:00
07/17/19
07/17
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Hot Stocks
Direxion Daily Junior Gold Miners Index Bear 3x Shares falls -9.0% »

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NUS

Nu Skin

$38.13

-7.37 (-16.20%)

12:00
07/17/19
07/17
12:00
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Hot Stocks
Nu Skin falls -16.0% »

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  • 06

    Aug

AG

First Majestic

$9.10

0.53 (6.18%)

12:00
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Hot Stocks
First Majestic rises 6.2% »

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$70.17

5.71 (8.86%)

12:00
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Hot Stocks
Direxion Daily Jr Gld Mnrs Bull 3X Shrs rises 8.7% »

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FSM

Fortuna Silver Mines

$3.55

0.37 (11.65%)

12:00
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Hot Stocks
Fortuna Silver Mines rises 11.6% »

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11:55
07/17/19
07/17
11:55
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11:55
General news
Oil Action: WTI crude »

Oil Action: WTI crude…

11:55
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11:55
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Conference/Events
Federal Reserve Bank of Kansas City to speak on economic outlook »

Kansas City Federal…

AVXL

Anavex

$3.03

(0.00%)

11:52
07/17/19
07/17
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Hot Stocks
Anavex presents new clinical data identifying gut microbiota biomarkers »

Anavex Life Sciences…

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