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SM

SM Energy

$11.63

0.03 (0.26%)

, LABL

Taken private

$50.01

(0.00%)

04:55
07/09/19
07/09
04:55
07/09/19
04:55

SM Energy will replace Multi-Color Corp. in the S&P 600 at open on 7/9

SM Energy (SM) will replace Multi-Color Corp. (LABL) in the S&P SmallCap 600 effective prior to the open of trading on Tuesday, July 9. Platinum Equity LLC is acquiring Multi-Color in a deal that closed on July 1.

SM

SM Energy

$11.63

0.03 (0.26%)

LABL

Taken private

$50.01

(0.00%)

  • 13

    Nov

SM SM Energy
$11.63

0.03 (0.26%)

07/01/19
LEHM
07/01/19
DOWNGRADE
Target $13
LEHM
Underweight
SM Energy downgraded to Underweight from Equal Weight at Barclays
Barclays analyst William Thompson downgraded SM Energy to Underweight from Equal Weight and lowered his price target for the shares to $13 from $18. While the company's high leverage provides "oil beta with arguably premier Midland acreage," continuous drilling obligations could restrict it from pivoting away from the Eagle Ford condensate, Thompson tells investors in a research note. If SM isn't able to extend its Eagle Ford joint venture, which is possible, or obtain lease concessions, it will be on the hook to drill and complete 30-plus Eagle Ford wells per year, adds the analyst. This translates into an estimated 40%-plus gain in annual Eagle Ford capex relative to the 2019 budget, says Thompson.
07/01/19
07/01/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SolarWinds (SWI) downgraded to Sell from Neutral at Goldman Sachs with analyst Heather Bellini saying while the company's valuation, on an absolute basis, does not appear "overly expensive," the shares have "limited possibility" for multiple expansion given its end market exposure and already best in class operating margins. 2. SM Energy (SM) downgraded to Underweight from Equal Weight at Barclays with analyst William Thompson saying while the company's high leverage provides "oil beta with arguably premier Midland acreage," continuous drilling obligations could restrict it from pivoting away from the Eagle Ford condensate. 3. Zoom Video (ZM) downgraded to Sell from Neutral at Goldman Sachs with analyst Heather Bellini saying her "blue sky scenario" is already more than factored into investor expectations at current valuation levels. 4. Carnival (CCL) downgraded to Hold from Buy at Berenberg with analyst Stuart Gordon saying the company appears to be "finely balanced between a deteriorating operating performance and a cheap valuation." 5. Yum! Brands (YUM) downgraded to Underperform from Neutral at Longbow with analyst Alton Stump saying the stock is trading at nearly a 25% premium to its closest quick-service peers despite similar comp growth, unit growth and leverage. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/08/19
WELS
07/08/19
DOWNGRADE
Target $23
WELS
Market Perform
SM Energy downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Gordon Douthat downgraded SM Energy to Market Perform from Outperform and lowered his price target for the shares to $23 from $26.
07/08/19
07/08/19
DOWNGRADE
Target $23

Market Perform
SM Energy downgraded to Market Perform at Wells Fargo
As previously reported, Wells Fargo analyst Gordon Douthat downgraded SM Energy to Market Perform from Outperform as lower commodity prices and activity levels will delay the anticipated organic deleveraging into 2021. While acknowledging the "oil beta" provided by smaller companies, the analyst sees higher volatility and a bias for lower oil prices to be a headwind for SMID cap stocks in general. He also lowered his price target on the shares to $23 from $26.
LABL Taken private
$50.01

(0.00%)

02/12/19
KEYB
02/12/19
UPGRADE
KEYB
Sector Weight
Multi-Color upgraded to Sector Weight from Underweight at KeyBanc
02/12/19
02/12/19
UPGRADE

Sector Weight
Multi-Color upgraded to Sector Weight on stock weakness at KeyBanc
As previously reported, KeyBanc analyst Adam Josephson upgraded Multi-Color to Sector Weight from Underweight in light of today's stock weakness, which is the result of yet another poor quarter. The analyst thinks upside and downside risks are roughly comparable at this point as he continues to think a deal is more likely than no deal, and thinks a deal at about $45 is possible, while in the case of no deal the shares could fall to the $40 range.
02/14/19
BMOC
02/14/19
NO CHANGE
Target $46
BMOC
Market Perform
Multi-Color price target lowered to $46 from $53 at BMO Capital
BMO Capital analyst Mark Wilde lowered his price target on Multi-Colo to $46 and kept his Market Perform rating after its Q3 earnings miss, reduced FY19 guidance, and announcement of considered strategic alternatives that include a sale. The analyst adds that speculation regarding a 10- to 11-times earnings takeout multiples "seem optimistic", noting that a multiple of 8.0- to 8.5-times is "more prudent".
02/27/19
BARD
02/27/19
DOWNGRADE
BARD
Neutral
Multi-Color downgraded to Neutral from Outperform at Baird

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CMG

Chipotle

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BYND

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NFLX

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AMZN

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$1,964.78

-13.57 (-0.69%)

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AMZN

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$167.08

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AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

, MSFT

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$136.62

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ORCL

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BHVN

Biohaven Pharmaceutical

$44.16

-0.61 (-1.36%)

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CE

Celanese

$107.01

0.9 (0.85%)

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  • 23

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F

Ford

$10.20

-0.06 (-0.58%)

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RTN

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  • 25

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UTX

United Technologies

$132.37

1.08 (0.82%)

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LMT

Lockheed Martin

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0.675 (0.19%)

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  • 23

    Jul

ARES

Ares Management

$28.13

-0.305 (-1.07%)

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HAFC

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PAYS

Paysign

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MEOH

Methanex

$43.19

0.83 (1.96%)

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  • 01

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Conference/Events
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SHIP

Seanergy Marine

$0.64

-0.0425 (-6.25%)

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SONM

Sonim

$13.42

0.24 (1.82%)

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

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KINS

Kingstone Companies

$8.81

0.09 (1.03%)

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  • 07

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

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BA

Boeing

$377.34

16.17 (4.48%)

, MSFT

Microsoft

$136.62

0.33 (0.24%)

16:24
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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%)

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