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BJRI

BJ's Restaurants

$42.90

-0.73 (-1.67%)

, BLMN

Bloomin' Brands

$17.47

-0.24 (-1.36%)

11:25
07/09/19
07/09
11:25
07/09/19
11:25

William Blair restaurant/leisure analyst to hold a group luncheon

Restaurants Analyst Zackfia holds a group luncheon with Jim Collins, CEO of Kitchen United, where the focus will be about how the industry's off-premises landscape is evolving due to third party delivery services. The luncheon will be held in New York on July 9 at 12 pm hosted by William Blair.

BJRI

BJ's Restaurants

$42.90

-0.73 (-1.67%)

BLMN

Bloomin' Brands

$17.47

-0.24 (-1.36%)

CMG

Chipotle

$744.76

-4.44 (-0.59%)

DNKN

Dunkin' Brands

$81.21

0.14 (0.17%)

LOCO

El Pollo Loco

$10.59

-0.01 (-0.09%)

PBPB

Potbelly

$4.92

-0.01 (-0.20%)

SHAK

Shake Shack

$71.94

0.25 (0.35%)

SBUX

Starbucks

$87.45

(0.00%)

CAKE

Cheesecake Factory

$42.55

-0.81 (-1.87%)

GRUB

GrubHub

$76.73

0.935 (1.23%)

UBER

Uber

$43.76

0.81 (1.89%)

  • 09

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BJRI BJ's Restaurants
$42.90

-0.73 (-1.67%)

06/14/19
OPCO
06/14/19
UPGRADE
Target $52
OPCO
Outperform
BJ's Restaurants upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst Brian Bittner upgraded BJ's Restaurants to Outperform from Perform with a $52 price target. The analyst sees an attractive entry point at current share levels.
06/14/19
OPCO
06/14/19
UPGRADE
OPCO
Outperform
Earnings revisions fears at BJ's Restaurants 'overblown,' says Oppenheimer
Oppenheimer analyst Brian Bittner upgraded BJ's Restaurants to Outperform from Perform with a $52 price target ahead of the company's attendance at the firm's June 19 conference. The analyst sees an attractive entry point at current share levels. Since late August, shares have pulled back 45%, Bittner tells investors in a research note, but says he believes this reflects overblown fears of negative earnings revisions and tough same-store sales comparisons, but sees a path to achieve estimates through the end of 2020.
06/14/19
06/14/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Technologies (UTX) upgraded to Buy from Hold at Vertical Research. 2. Bluegreen Vacations (BXG) upgraded to Buy from Hold at Stifel with analyst Simon Yarmak saying that since BBX Capital (BBX) terminated its merger with Bluegreen on May 22, shares of the latter have traded off over 46%. 3. Broadcom (AVGO) upgraded to Buy from Hold at Summit Insights. 4. BJ's Restaurants (BJRI) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Bittner saying he sees an attractive entry point at current share levels. 5. Harmonic (HLIT) upgraded to Outperform from Market Perform at Raymond James with analyst Simon Leopold citing his belief that it benefits from the evolution of cable TV toward virtual Converged Cable Access Platforms and software. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/28/19
DBAB
06/28/19
INITIATION
Target $51
DBAB
Buy
BJ's Restaurants initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Brian Mullan started BJ's Restaurants with a Buy rating and $51 price target. The analyst rolled out coverage of the Casual Dining sector. His industry view calls for consolidation, and his fundamental view is "relatively balanced but skews towards caution."
BLMN Bloomin' Brands
$17.47

-0.24 (-1.36%)

06/28/19
DBAB
06/28/19
INITIATION
Target $24
DBAB
Buy
Bloomin' Brands initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Brian Mullan started Bloomin' Brands with a Buy rating and $24 price target. The analyst rolled out coverage of the Casual Dining sector. His industry view calls for consolidation, and his fundamental view is "relatively balanced but skews towards caution."
05/24/19
05/24/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Dow Inc. (DOW) upgraded to Neutral from Underweight at JPMorgan with analyst Jeffrey Zekauskas saying consensus estimates for both price and volume in the second half of 2019 are now more conservative with trade issues between the U.S. and China unresolved, Brexit issues in Europe pending, and global growth slower. 2. Ericsson (ERIC) upgraded to Outperform from Neutral at Credit Suisse with analyst Achal Sultania saying a detailed CapEx analysis at leading telcos globally suggests that 5G will prove to be a longer and better upgrade cycle. 3. 1-800-Flowers.com (FLWS) upgraded to Buy from Neutral at Sidoti. 4. Kratos Defense (KTOS) upgraded to Overweight from Neutral at JPMorgan with analyst Seth Seifman saying Kratos has made good progress on "several fronts," the most important being its Valkyrie tactical drone, which has gained the attention of Air Force. 5. Bloomin' Brands (BLMN) upgraded to Buy from Neutral at Guggenheim with analyst Matthew DiFrisco saying he sees the company being in the early innings of a turnaround following consecutive quarters of improving margins and free cash flow. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/19
GUGG
05/24/19
UPGRADE
Target $25
GUGG
Buy
Guggenheim upgrades Bloomin' Brands to Buy on turnaround potential
As previously reported, Guggenheim analyst Matthew DiFrisco proceeding with Bloomin' Brands to Buy from Neutral, stating that he sees the company being in the early innings of a turnaround following consecutive quarters of improving margins and free cash flow. Based on his recent talks with management, DiFrisco said he has have the most confidence in efficiencies yet to be realized from improving kitchen operations and supply chain advancements. He also believes ongoing sales drivers, margin opportunities and the company's "dry powder" for either buybacks or marketing outweigh recent commodity concerns. He set a $25 price target on Bloomin' shares.
05/24/19
GUGG
05/24/19
UPGRADE
GUGG
Buy
Bloomin' Brands upgraded to Buy from Neutral at Guggenheim
CMG Chipotle
$744.76

-4.44 (-0.59%)

07/01/19
LBOW
07/01/19
DOWNGRADE
Target $91
LBOW
Underperform
Longbow downgrades Yum! Brands to Underperform, sees Taco Bell slowing
As previously reported, Longbow analyst Alton Stump downgraded Yum! Brands (YUM) to Underperform from Neutral, noting that the stock is trading at nearly a 25% premium to its closest quick-service peers despite similar comp growth, unit growth and leverage. Confidence among his Taco Bell franchisee contacts in new product development has "waned significantly" since former Taco Bell head Brian Niccol left to become CEO of Chipotle (CMG), said Stump, who thinks it is highly likely Taco Bell's comp growth profile will slow meaningfully in coming quarters. He also expects Pizza Hut's comps to "remain stagnant to up 1% at best over the next 18+ months," said the analyst, who has a $91 price target on Yum! shares.
06/28/19
PIPR
06/28/19
NO CHANGE
Target $792
PIPR
Overweight
Chipotle price target raised to $792 from $783 at Piper Jaffray
Piper Jaffray analyst Nicole Miller Regan raised her price target for Chipotle Mexican Grill to $792 from $783 and keeps an Overweight rating on the shares. Management is taking proactive steps to continually improve the stability of store-level operations, which in turn supports the mandate to increase throughput, Regan tells investors in a research note. The analyst expects the "near-term recovery phase" to be followed by the potential for a longer-term compounding impact of international franchise development.
06/25/19
06/25/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Rockwell Medical (RMTI) initiated with an Overweight at Cantor Fitzgerald. 2. Hamilton Lane (HLNE) initiated with a Perform at Oppenheimer. 3. Pyxus (PYX) initiated with an Outperform at Imperial Capital. 4. SpartanNash (SPTN) initiated with a Buy at Loop Capital. 5. Shake Shack (SHAK), Chipotle (CMG) and McDonald's (MCD) initiated with an Outperform at Credit Suisse. Yum! Brands (YUM) initiated with a Neutral and Jack in the Box (JACK) initiated with an Underperform. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/25/19
FBCO
06/25/19
INITIATION
Target $870
FBCO
Outperform
Credit Suisse bullish on Chipotle, initiates with an Outperform
As previously reported, Credit Suisse analyst Lauren Silberman initiated Chipotle with an Outperform and $870 price target. The analyst notes that Chipotle has returned to a narrative of growth rather than recovery, with on-trend initiatives that well position the company to appeal to its target base and outperform peers. Contributions from traffic and average check growth should support mid-single-digit same-store sales longer-term and generate margin leverage to drive an EPS CAGR of about 33% over the next four years, she contends.
DNKN Dunkin' Brands
$81.21

0.14 (0.17%)

06/24/19
WEDB
06/24/19
UPGRADE
Target $92
WEDB
Outperform
Dunkin' Brands upgraded to Outperform at Wedbush
As previously reported, Wedbush analyst Nick Steyan upgraded Dunkin' Donuts to Outperform from Neutral as he believes Dunkin' U.S. is currently undergoing an inflection in same-store sales growth that is underappreciated by the Street. Importantly, the analyst believes the probability of a sustained inflection beyond the near-term is now high enough to warrant a more positive stance. He also raised his price target on the shares to $92 from $76.
06/24/19
06/24/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Technologies (UTX) upgraded to Outperform from Market Perform at Cowen with analyst Cai von Rumohr citing the selloff in the shares after the Raytheon (RTN) merger announcement. 2. Deere (DE) and Agco (AGCO) upgraded to Buy from Hold at Jefferies. 3. Rent-A-Center (RCII) upgraded to Equal Weight from Underweight at Stephens with analyst Vincent Caintic citing what he sees as "massive potential" for third-party retailer Rent-To-Own, telling investors that he wouldn't want to be short any Rent-To-Own stock he covers as a result. 4. Hostess Brands (TWNK) upgraded to Buy from Neutral at UBS with Steven Strycula citing three catalysts he sees. 5. Dunkin' Brands (DNKN) upgraded to Outperform from Neutral at Wedbush with analyst Nick Steyan saying he believes Dunkin' U.S. is currently undergoing an inflection in same-store sales growth that is underappreciated by the Street. 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
FBCO
06/25/19
INITIATION
Target $70
FBCO
Underperform
Dunkin' Brands initiated with an Underperform at Credit Suisse
Credit Suisse analyst Jerome Vinerier initiated Dunkin' Brands with an Underperform and $70 price target.
06/25/19
06/25/19
INITIATION
Target $70

Underperform
Credit Suisse sees downside risk to Dunkin' Brands, initiates with Underperform
As previously reported, Credit Suisse analyst Jerome Vinerier initiated Dunkin' Brands with an Underperform and $70 price target. The analyst notes that the stock trades near peak valuation despite ongoing traffic and same-store sales challenges and lowered development targets. While Vinerier believes Dunkin' Brands' 100% franchised business model warrants a premium to overall restaurants, its multiple has moved in-line with heavily franchised peers despite higher peer multiples driven by business model transformations. He sees downside risk to shares against lower growth prospects and elevated valuation.
LOCO El Pollo Loco
$10.59

-0.01 (-0.09%)

10/03/18
10/03/18
UPGRADE
Target $80

Buy
Wingstop upgraded to Buy after meetings add confidence at Guggenheim
As previously reported, Guggenheim analyst Matthew DiFrisco upgraded Wingstop (WING) to Buy from Neutral after meetings at the firm's Emerging Growth Restaurant Summit reaffirmed that consumer restaurant demand is strengthening. He has increased confidence in Wingstop's ability to support mid-single digit same-store sales growth and double-digit expansion through 2025 following the meetings, DiFrisco tells investors. Following the event, the analyst set an $80 price target on Wingstop shares and he also raised his price target on El Pollo Loco (LOCO) to $17 from $14 and increased his price target on Habit Restaurants (HABT) to $17 from $15.
09/25/18
BARD
09/25/18
NO CHANGE
BARD
M&A interest could put near-term floor under restaurant valuations, says Baird
Baird analyst David Tarantino said Sonic's (SONC) agreement to be acquired by Inspire Brands, which also bought Buffalo Wild Wings last year, underscores that private equity firms continue to have interest in putting money to work in the restaurant sector, which he thinks could help to put a floor on the valuations of publicly-traded restaurant stocks. Among the stocks in the sector that he covers, Tarantino views Jack in the Box (JACK), El Pollo Loco (LOCO), Chuy's (CHUY), Habit Restaurants (HABT) and Potbelly (PBPB) as among those that theoretically could attract buyout interest at their current multiples, he tells investors.
PBPB Potbelly
$4.92

-0.01 (-0.20%)

10/10/18
MAXM
10/10/18
UPGRADE
MAXM
Buy
Potbelly upgraded to Buy from Hold at Maxim
10/10/18
MAXM
10/10/18
UPGRADE
Target $15
MAXM
Buy
Potbelly upgraded to Buy at Maxim on accelerating revenue catalysts
As reported earlier, Maxim analyst Stephen Anderson upgraded Potbelly to Buy from Hold and raised his price target to $15 from $13. The analyst notes that his recent channel checks suggest that the company's top-line catalysts are accelerating, with anticipated nationwide rollout of its menu bundling expected in Q1 of 2019. Anderson also expects Potbelly to benefit from the closure of one of its competitors in key markets, a more aggressive franchising program, and benign food costs adding to margins and earnings at least through the first half of 2019.
05/08/19
MAXM
05/08/19
DOWNGRADE
MAXM
Hold
Potbelly downgraded to Hold from Buy at Maxim
Maxim analyst Stephen Anderson downgraded Potbelly to Hold from Buy following the company's earnings and revenue miss in Q1.
05/08/19
05/08/19
DOWNGRADE
Target $8

Hold
Potbelly downgraded to Hold at Maxim on 'disappointing' Q1 results
As previously reported, Maxim analyst Stephen Anderson downgraded Potbelly to Hold and lowered his price target to $8 from $11 following the company's "disappointing" Q1 results and a cut in its FY19 guidance. The analyst adds that Potbelly's 4.7% comp decline was "far worse" than expected, also lowering his FY19 EPS view to 2c from 25c after the quarter.
SHAK Shake Shack
$71.94

0.25 (0.35%)

06/25/19
FBCO
06/25/19
INITIATION
Target $77
FBCO
Outperform
Credit Suisse bullish on Shake Shack, initiates with an Outperform
As previously reported, Credit Suisse analyst Lauren Silberman initiated Shake Shack with an Outperform and $77 price target. The analyst believes brand affinity and on-trend initiatives support demand, while strong unit economics and demonstrated success across markets offer confidence in the whitespace potential. Sustained new unit productivity, timing of opens, same-store sales and unit growth represent opportunities for upside to numbers, she contends, adding that growth in penetrated markets should help the company leverage costs and increase efficiency over time.
06/25/19
FBCO
06/25/19
INITIATION
Target $77
FBCO
Outperform
Shake Shack initiated with an Outperform at Credit Suisse
Credit Suisse analyst Jerome Vinerier initiated Shake Shack with an Outperform and $77 price target.
05/03/19
RHCO
05/03/19
NO CHANGE
Target $70
RHCO
Buy
Shake Shack price target raised to $70 from $58 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on Shake Shack to $70 and kept his Buy rating after its second consecutive quarter of above-consensus comps. The analyst believes that the "material" contribution from digital sales is offsetting the cannibalization of new stores and expects investor focus to shift to the company's "leading unit growth" in the industry.
SBUX Starbucks
$87.45

(0.00%)

07/03/19
STFL
07/03/19
NO CHANGE
Target $86
STFL
Hold
Investors see McDonald's outperforming, Starbucks underperforming, says Stifel
Stifel analyst Chris O'Cull said his recent survey to measure investors' sentiment toward restaurant stocks revealed that McDonald's (MCD) and Yum! Brands (YUM) as the only large-cap restaurant stocks voted to outperform heading into earnings season, while most investors pointed to Starbucks (SBUX) as most likely among the large-caps to underperform in the near term despite the fact that investors surveyed expect the company to beat Q3 EPS expectations. O'Cull, who raised his Americas same-store sales growth forecast for Q3 to 5.0% from 4.0% and raised his FY19 and FY20 EPS estimates for Starbucks, increased his price target on the stock to $86 from $65, though he keeps a Hold rating on the shares. He also has Hold ratings on McDonald's and Yum! shares.
06/28/19
COWN
06/28/19
NO CHANGE
Target $77
COWN
Market Perform
Starbucks price target raised to $77 from $71 at Cowen
Cowen analyst Andrew Charles raised his price target on Starbucks to $771 from $71 which puts him inline with consensus. The analyst said he has greater optimism on financial engineering possibilities than U.S. comp upside. The financial engineering opportunities are available with refranchising, increased debt, and lower G&A. Charles maintained his Market Perform rating on Starbucks shares.
06/25/19
FBCO
06/25/19
INITIATION
Target $92
FBCO
Outperform
Credit Suisse bullish on Starbucks, initiates with an Outperform
As previously reported, Credit Suisse analyst Lauren Silberman initiated Starbucks with an Outperform and $92 price target. The analyst believes Starbucks is "one of the highest quality growth companies in restaurants," and sees consistent 3%-4% Americas same-store sales supporting current valuation, with Americas sales leverage, improved performance in China, global margin expansion and strategic optionality as drivers of upside.
06/25/19
SBSH
06/25/19
UPGRADE
Target $91
SBSH
Buy
Citi sees five reasons to be bullish, upgrades GrubHub to Buy
As previously reported, Citi analyst Mark May upgraded GrubHub (GRUB) to Buy from Neutral and increased his price target on the stock to $91 from $75, citing five primary factors he sees to be more bullish on the stock. Those include data that suggests that GrubHub may be in early tests with McDonald's (MCD), Starbucks (SBUX) and other large chains; his belief that the stock's multiple will expands if investors reward the company for new chain deals; GrubHub's ability to grow Gross Food Sales in the 20% range, which should allow it to hit its Q4 EBITDA/order guidance; a new driver pay formula that could benefit margins; and robust growth in the overall online food delivery market.
CAKE Cheesecake Factory
$42.55

-0.81 (-1.87%)

01/08/19
01/08/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Voya Financial (VOYA) upgraded to Buy from Neutral at Goldman Sachs analyst Alex Scott saying the company is well positioned to manage through the pullback in equity markets and still hit its targets of 10%-plus earnings growth. 2. Cheesecake Factory (CAKE) upgraded to Outperform from Market Perform at Raymond James with analyst Brian Vaccaro citing better than expected industry sales. 3. Union Pacific (UNP) upgraded to Outperform from Market Perform at Cowen, to Outperform from Sector Perform at RBC Capital and Scotiabank, and to Buy from Neutral at Seaport Global. 4. Monster Beverage (MNST) upgraded to Buy from Hold at SunTrust with analyst William Chappell saying after the recent declines in input costs and the "successful U.S. pricing actions," consensus expectations for the stock are too low, while the concerns over its partnership with Coca-Cola (KO) and challenges around growth in China are "overblown." 5. Molina Healthcare (MOH) upgraded to Overweight from Neutral at both JPMorgan and MUFG. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/28/19
DBAB
06/28/19
INITIATION
Target $46
DBAB
Hold
Cheesecake Factory initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Brian Mullan started Cheesecake Factory with a Hold rating and $46 price target. The analyst rolled out coverage of the Casual Dining sector. His industry view calls for consolidation, and his fundamental view is "relatively balanced but skews towards caution."
04/26/19
UBSW
04/26/19
INITIATION
Target $51
UBSW
Neutral
Cheesecake Factory initiated with a Neutral at UBS
UBS started Cheesecake Factory with a Neutral rating and $51 price target.
02/21/19
MAXM
02/21/19
NO CHANGE
Target $60
MAXM
Buy
Cheesecake Factory price target raised to $60 from $55 at Maxim
Maxim analyst Stephen Anderson raised his price target on Cheesecake Factory to $60 and kept his Buy rating after its Q4 results, saying that while earnings missed expectations, its blended 1.9% comps were above consensus of 0.8% and his forecast of 1.5%. The analyst also cites the company's pending acquisition of the North Italia concept that is expected to be completed in Q3 of this year and become accretive to earnings in 2020.
GRUB GrubHub
$76.73

0.935 (1.23%)

06/27/19
ADAM
06/27/19
NO CHANGE
Target $110
ADAM
Buy
GrubHub likely to be long-term leader, says Canaccord
Canaccord analyst Maria Ripps believes GrubHub has certain competitive advantages over its rivals. The analyst said she still sees several platforms successfully co-existing, with GrubHub being one of the long-term leaders in the space. Ripps noted recent big-name contract wins, which she believes should reinvigorate confidence in GrubHubs's competitive position. Ripps reiterated her Buy rating and $110 price target on GrubHub shares.
06/25/19
06/25/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. GrubHub (GRUB) upgraded to Buy from Neutral at Citi with analyst Mark May citing five primary factors he sees to be more bullish on the stock. 2. Gates Industrial (GTES) upgraded to Buy from Neutral at Goldman Sachs with analyst Jerry Revich saying the stock is down 46% from its highs of September of 2018, which he attributes to multiple compression amid negative estimate revisions due to destocking in the after-market channel and a slowdown in original equipment demand. 3. GasLog (GLOG) upgraded to Buy from Hold at Stifel with analyst Benjamin Nolan citing both valuation and his expectation for strong LNG charter rates in the second half of the year. 4. SiteOne Landscape (SITE) upgraded to Outperform from Neutral at Baird with analyst David Manthey saying weather may impact Q2 but he believes the short interest has already been priced in. 5. Lincoln National (LNC) upgraded to Buy from Neutral at Goldman Sachs with analyst Alex Scott citing the upside to earnings he sees in the group benefits segment following the company's acquisition and integration of the Liberty business, the higher economic value of the variable annuity business, the company's "strong" distribution platform and the earnings tailwind he expects from the company's digital investments. 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
SBSH
06/25/19
UPGRADE
SBSH
Buy
GrubHub upgraded to Buy from Neutral at Citi
UBER Uber
$43.76

0.81 (1.89%)

07/02/19
STFL
07/02/19
INITIATION
Target $50
STFL
Hold
Uber initiated with a Hold at Stifel
Stifel analyst Scott Devitt started Uber Technologies with a Hold rating and $50 price target.
07/02/19
STFL
07/02/19
NO CHANGE
Target $76
STFL
Buy
Lyft price target raised to $76 from $70 at Stifel
Stifel analyst Scott Devitt raised his price target for Lyft (LYFT) to $76 from $70 and keeps a Buy rating on the shares. The analyst this morning also initiated coverage of Uber Technologies (UBER) with a Hold rating and $50 price target. The trend toward competitive rationalization and reduced rider incentives continued through the end of Q2, Devitt tells investors in a research note. Further, a number of recent partnerships, including with Waymo, demonstrate that Lyft is "leading innovation and strategic alignment in the space," adds the analyst. He believes Lyft is well positioned to extend its rider growth momentum through the balance of 2019 and increased his net add expectations.
07/02/19
STFL
07/02/19
INITIATION
Target $50
STFL
Hold
Stifel starts Uber at Hold on 'numerous' competitors, 'long road' to profits
Stifel analyst Scott Devitt initiated coverage of Uber Technologies with a Hold rating and $50 price target. The stock closed Monday down $2.11 to $44.27. The company is addressing "significant" transportation and food delivery market opportunities, Devitt tells investors in a research note. However, Uber's recent growth in core ridesharing bookings has slowed to a mid-20% rate as Lyft (LYFT) has gained share in the key U.S. market, Devitt tells investors in a research note. Further, take rates have contracted across both the ridesharing and Eats businesses, adds the analyst. He likes Uber's growth opportunity, scale and market-leadership in most regions, but feels that "numerous competitors at home and abroad," slower adjusted net revenue growth, and a "significantly long road to profitability" warrants a Hold rating. Devitt this morning also boosted his price target for Buy-rated Lyft to $76 from $70.
07/02/19
07/02/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Veru (VERU) initiated with an Overweight at Cantor Fitzgerald. 2. Uber (UBER) initiated with a Hold at Stifel. 3. Wyndham Hotels & Resorts (WH) initiated with an Overweight at Barclays. 4. Veracyte (VCYT) initiated with a Buy at Needham. 5. Paysign (PAYS) initiated with a Buy at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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…

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

See Street Research during your Free Trial

  • 24

    Jul

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    Jul

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    Jul

  • 12

    Sep

KINS

Kingstone Companies

$8.81

0.09 (1.03%)

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

Kingstone Companies…

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

See Street Research during your Free Trial

  • 07

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16:30
07/19/19
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16:30
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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 »

The CBOE Volatility Index…

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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 »

CNX Midstream Partners…

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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…

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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

EHTH

eHealth

$86.91

-0.59 (-0.67%)

16:12
07/19/19
07/19
16:12
07/19/19
16:12
Initiation
eHealth initiated  »

eHealth initiated with an…

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  • 25

    Jul

  • 14

    Aug

JEF

Jefferies Financial Group

$20.95

-0.13 (-0.62%)

16:11
07/19/19
07/19
16:11
07/19/19
16:11
Conference/Events
Jefferies Financial Group management to meet with Oppenheimer »

Luncheon Meeting with…

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  • 22

    Jul

XXII

22nd Century

$1.94

0.04 (2.11%)

16:10
07/19/19
07/19
16:10
07/19/19
16:10
Hot Stocks
22nd Century: FDA accepts, files MRTP application for VLN cigarettes »

22nd Century announced…

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SOI

Solaris Oilfield

$13.12

(0.00%)

16:10
07/19/19
07/19
16:10
07/19/19
16:10
Earnings
Solaris Oilfield reports preliminary Q2 revenue $63M-$65M, consensus $58.04M »

"Our second quarter…

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  • 31

    Jul

  • 27

    Aug

CCNE

CNB Financial

$26.76

0.12 (0.45%)

16:05
07/19/19
07/19
16:05
07/19/19
16:05
Earnings
CNB Financial reports Q2 EPS 64c, two estimates 58c »

Reports Q2 revenue…

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SNSS

Sunesis

$0.81

-0.0999 (-10.98%)

16:05
07/19/19
07/19
16:05
07/19/19
16:05
Hot Stocks
Caxton Corp reports 5.3% passive stake in Sunesis »

In a regulatory filing,…

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HRI

Herc Holdings

$40.28

-0.62 (-1.52%)

16:04
07/19/19
07/19
16:04
07/19/19
16:04
Hot Stocks
Gabelli reports 18.15% stake in Herc Holdings »

In a regulatory filing,…

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  • 01

    Aug

GMAB

Genmab

$18.08

-0.12 (-0.66%)

15:55
07/19/19
07/19
15:55
07/19/19
15:55
Hot Stocks
Genmab discloses BlackRock stake in company reached 5% »

Genmab A/S announces that…

03/08/13
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  • 18

    Jul

DISH

Dish

$40.69

-0.13 (-0.32%)

15:45
07/19/19
07/19
15:45
07/19/19
15:45
Options
Dish call volume above normal and directionally bullish »

Bullish option flow…

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GPS

Gap

$19.04

0.5 (2.70%)

15:35
07/19/19
07/19
15:35
07/19/19
15:35
Options
Gap put volume heavy and directionally bearish »

Bearish flow noted in Gap…

03/08/13
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  • 25

    Sep

15:35
07/19/19
07/19
15:35
07/19/19
15:35
General news
Action Economics Survey results: »

Action Economics Survey…

15:35
07/19/19
07/19
15:35
07/19/19
15:35
General news
Treasury Market Outlook »

Treasury Market Outlook:…

JCP

J.C. Penney

$0.90

-0.175 (-16.28%)

15:32
07/19/19
07/19
15:32
07/19/19
15:32
Hot Stocks
J.C. Penney says has not hired advisors for in-court restructuring, bankruptcy »

J. C. Penney has issued…

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