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JD

JD.com

$30.71

-0.04 (-0.13%)

, TGT

Target

$85.85

-1.96 (-2.23%)

07:35
07/11/19
07/11
07:35
07/11/19
07:35

Unusual call flow in option market yesterday

Notable call activity was cited Wednesday in JD.com (JD), Target (TGT), Eros International (EROS), Enterprise Products (EPD), and Gold Fields (GFI).

JD

JD.com

$30.71

-0.04 (-0.13%)

TGT

Target

$85.85

-1.96 (-2.23%)

EROS

Eros International

$1.69

0.035 (2.12%)

EPD

Enterprise Products

$30.28

0.675 (2.28%)

GFI

Gold Fields

$5.56

0.2 (3.73%)

  • 15

    Jul

  • 31

    Jul

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    Aug

  • 19

    Sep

  • 25

    Sep

JD JD.com
$30.71

-0.04 (-0.13%)

06/04/19
06/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Uber (UBER) was initiated with an Overweight at Barclays and Morgan Stanley, an Outperform at Oppenheimer, Cowen, William Blair, and JMP Securities, a Buy at Canaccord, SunTrust, Deutsche Bank, Loop Capital, Mizuho, BTIG, Needham, and BofA/Merrill, and a Neutral at Citi. 2. Lyft (LYFT) was initiated with a Buy at BTIG, SunTrust, and Citi, a Hold at Loop Capital, and an Equal Weight at Barclays. 3. Alibaba (BABA), JD.com (JD), and Twitter (TWTR) were initiated with a Buy at Loop Capital, while Alphabet (GOOG, GOOGL) was initiated with a Hold. 4. Pfizer (PFE) was resumed with an Overweight at Morgan Stanley. 5. Neon Therapeutics (NTGN) was initiated with a Buy at Mizuho. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/04/19
LOOP
06/04/19
INITIATION
Target $40
LOOP
Buy
JD.com initiated with a Buy at Loop Capital
As previously reported, Loop Capital analyst Rob Sanderson initiated JD.com with a Buy rating and a price target of $40. The analyst says "competitive pressure, investment spending, and management issues" have led to "turmoil" in the company's stock price, but he believes that contrarian investors with patience can be rewarded. Sanderson adds that while U.S.-China trade war concerns have overshadowed some improvement in China's consumer sentiment, JD.com stands to benefit from its scale advantages. The analyst further states that at its present valuation, JD.com's market cap mostly reflects only its equity stakes in affiliates.
06/03/19
LOOP
06/03/19
INITIATION
LOOP
Buy
JD.com initiated with a Buy at Loop Capital
05/15/19
NOMU
05/15/19
UPGRADE
NOMU
Buy
JD.com upgraded to Buy from Neutral at Nomura Instinet
TGT Target
$85.85

-1.96 (-2.23%)

07/11/19
GSCO
07/11/19
INITIATION
Target $102
GSCO
Conviction Buy
Target initiated with a Conviction Buy at Goldman Sachs
Goldman Sachs analyst Kate McShane started Target with a Buy rating and added the shares to her firm's Americas Conviction List with a $102 price target. Target is starting to benefit meaningfully from door closures, and an inflection in operating income growth should drive accelerating earnings growth, McShane tells investors in a research note.
07/10/19
DADA
07/10/19
NO CHANGE
Target $48
DADA
Buy
Overstock tech stack would be valuable to strategic buyers, says DA Davidson
DA Davidson analyst Tom Forte reiterated his Buy rating and $48 price target on shares of Overstock.com (OSTK) following the company's announcement regarding its awards for its technology, stating that he sees the awards as consistent with a prior Chain Store Age study that found its website had among the fastest response times on Black Friday. Forte said that he believes Overstock's technology would "enable the three potential suitors we have written the most about," namely Costco (COST), Target (TGT), and TJMaxx (TJX), to advance their own e-commerce efforts, among other things.
07/09/19
ARGS
07/09/19
NO CHANGE
ARGS
Hold
Target shares 'fairly valued', says Argus
Argus analyst Chris Graja warns that Target earnings may face pressure from "intense competition", along with softer traffic at brick-and-mortar retailers and higher spending to boost the company's e-commerce capabilities and merchandise offerings. The analyst sees that stock as "fairly valued" at current prices, but notes that if Target can generate stronger traffic and comps growth, that could be a catalyst to raise his long-term growth expectations.
06/26/19
FBCO
06/26/19
NO CHANGE
Target $175
FBCO
Outperform
FedEx price target lowered to $175 from $184 at Credit Suisse
Credit Suisse analyst Allison Landry lowered her price target for FedEx (FDX) to $175 from $184, while reiterating an Outperform rating on the shares. Given FedEx's historical track record for setting an optimistic outlook, the analyst was "a bit surprised" at the fiscal year 2020 guidance for a MSD EPS decline. Landry is less constructive on the stock fundamentally from a mid-term perspective, but on a longer-term view, she continues to think that FedEx is well positioned strategically to benefit from the evolving domestic parcel market; and specifically, views its alignment with large, traditional retailers - such as Walmart (WMT and Target (TGT) - that are looking for ways to compete with Amazon (AMZN) as a positive in the long run.
EROS Eros International
$1.69

0.035 (2.12%)

08/14/18
SBSH
08/14/18
INITIATION
Target $16
SBSH
Buy
Eros International initiated with a Buy at Citi
Citi analyst Jason Bazinet started Eros International with a Buy rating and $16 price target. The company should benefit from a growing Indian media and wireless market, Bazinet tells investors in a research note.
06/11/19
SBSH
06/11/19
NO CHANGE
Target $6.5
SBSH
Buy
Eros International price target lowered to $6.50 from $13 at Citi
Citi analyst Jason Bazinet lowered his price target for Eros International to $6.50 from $13 citing the uncertainty around Eros International Media Limited's liquidity. The analyst, however, maintains a Buy rating on Eros shares. He values the stock at $13 on a fundamental basis but takes into account the possibility of a "liquidity crunch presenting a more existential risk" to the shares.
EPD Enterprise Products
$30.28

0.675 (2.28%)

04/03/19
04/03/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Urban Outfitters (URBN) upgraded to Buy from Neutral at DA Davidson with analyst John Morris saying the data showcase the company's "green shoots in improving pricing architecture at the Anthropologie division with stronger pricing and lower markdown cadence at the Urban division." 2. Intelsat (I) upgraded to Overweight from Neutral at JPMorgan with analyst Philip Cusick saying the stock has declined 28% year-to-date and 38% since February 27 when a "slew of headlines all but halted" the C-Band Alliance's momentum in D.C. 3. e.l.f. Beauty (ELF) upgraded to Buy from Hold at Jefferies with analyst Stephanie Wissink saying he believes the company's improved merchandising focus will drive a "meaningful reversal" in sales trends. 4. Enterprise Products (EPD) upgraded to Buy from Neutral at Goldman Sachs with analyst Michael Lapides citing the company's improving cash flow, exposure to key themes that include a "leading position in crude oil and NGL exports," and its position as "one of the more integrated infrastructure portfolios within the sector," extending its footprint "further downstream than most midstream companies." 5. CommScope (COMM) upgraded to Strong Buy from Outperform at Raymond James with analyst Simon Leopold saying he believes the earnings accretion from the pending Arris (ARRS) acquisition is underappreciated and will provide at least 40% accretion versus management's forecast for over 30% and analyst estimates of 25%-43%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/02/19
04/02/19
UPGRADE
Target $32

Buy
Enterprise Products upgraded to Buy from Neutral at Goldman Sachs
As previously reported, Goldman Sachs analyst Michael Lapides upgraded Enterprise Products to Buy and raised his price target to $32 from $30 after the stock has underperformed relative to the large caps in recent months. The analyst also cites the company's improving cash flow, exposure to key themes that include a "leading position in crude oil and NGL exports", and its position as "one of the more integrated infrastructure portfolios within the sector", extending its footprint "further downstream than most midstream companies."
04/12/19
MUFG
04/12/19
NO CHANGE
Target $35
MUFG
Overweight
Enterprise Products cash flow more stable than for overall midstream, says MUFG
MUFG analyst Barrett Blaschke kept his Overweight rating and $35 price target on Enterprise Products after its Analyst Day. The analyst says that while the presentation was "relatively unrevealing", it offered insight on the management's view of "everything from crude oil to the petrochemical world." Blaschke remains positive on the stock, stating the company has a "market leading set of assets and a market price that does not currently reflect it."
05/30/19
JRCO
05/30/19
INITIATION
Target $35
JRCO
Buy
Enterprise Products initiated with a Buy at Johnson Rice
Johnson Rice analyst Georg Venturatos initiated Enterprise Products with a Buy and $35 price target.
GFI Gold Fields
$5.56

0.2 (3.73%)

06/26/19
RBCM
06/26/19
DOWNGRADE
RBCM
Sector Perform
Gold Fields downgraded to Sector Perform from Outperform at RBC Capital
04/25/19
BMOC
04/25/19
UPGRADE
Target $5
BMOC
Outperform
Gold Fields upgraded to Outperform from Market Perform at BMO Capital
BMO Capital analyst Andrew Kaip upgraded Gold Fields to Outperform and raised his price target to $5 from $4 after its better than expected Q1 production that "positions the company at the top end of 2019 guidance." The anajyst warns that South Africa risks remain, but with "progress at South Deep above expectations", Kaip believes the output sets the "stage for further gains through 2019." Kaip adds that Gold Fields' international portfolio is expected to reach a cash flow inflection in the second half of 2019.
04/01/19
RBCM
04/01/19
NO CHANGE
RBCM
Outperform
Gold Fields price target raised to ZAR6,300 from ZAR5,800 at RBC Capital
RBC Capital analyst James Bell maintained an Outperform rating on Gold Fields and raised his price target to ZAR6,300 from ZAR5,800, telling investors in a research note that he thinks the company is set for a "strong" 2019. With a free cash flow inflection now underway and problem asset South Deep de-emphasized, Bell sees scope for a re-rating ahead of peers.
06/26/19
RBCM
06/26/19
DOWNGRADE
RBCM
Sector Perform
Gold Fields running 'well ahead' of peers in last 3 months, says RBC Capital
RBC Capital analyst James Bell downgraded Gold Fields (GFI) to Sector Perform from Outperform, telling investors in a research note that while the company's two-year reinvestment plan is paying off, the stock has run "well ahead" of its peers in the last three months. The analyst recommends a rotation into peer AngloGold (AU), which he upgraded to Outperform. The Gold Fields story is delivering against expectations, Bell says, but there are less catalysts from here than AngloGold, Bell says.

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SNAP

Snap

$14.14

0.12 (0.86%)

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Southern Missouri Bancorp

$31.95

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Snap

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HD

Home Depot

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-1.79 (-0.84%)

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AN

AutoNation

$42.01

-0.045 (-0.11%)

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AN

AutoNation

$42.01

-0.045 (-0.11%)

18:17
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CR

Crane

$86.50

0.99 (1.16%)

18:15
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CR

Crane

$86.50

0.99 (1.16%)

18:14
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  • 09

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AN

AutoNation

$42.01

-0.045 (-0.11%)

, GOOG

Alphabet

$1,138.09

8.09 (0.72%)

18:11
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Hot Stocks
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AN

AutoNation

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-0.045 (-0.11%)

GOOG

Alphabet

$1,138.09

8.09 (0.72%)

GOOGL

Alphabet Class A

$1,139.52

7.85 (0.69%)

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STLD

Steel Dynamics

$31.55

0.09 (0.29%)

18:04
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Hot Stocks
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  • 23

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FBMS

First Bancshares

$29.74

-0.105 (-0.35%)

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  • 23

    Sep

STLD

Steel Dynamics

$31.55

0.09 (0.29%)

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STLD

Steel Dynamics

$31.55

0.09 (0.29%)

18:01
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FDEF

First Defiance Financial

$27.22

-0.04 (-0.15%)

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  • 23

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QCOM

Qualcomm

$75.93

0.9 (1.20%)

, INTC

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$51.36

1.1 (2.19%)

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QCOM

Qualcomm

$75.93

0.9 (1.20%)

INTC

Intel

$51.36

1.1 (2.19%)

AAPL

Apple

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4.59 (2.27%)

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SPY

SPDR S&P 500 ETF Trust

$297.82

0.65 (0.22%)

, SPX

S&P 500

$0.00

(0.00%)

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$297.82

0.65 (0.22%)

SPX

S&P 500

$0.00

(0.00%)

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WAFD

Washington Federal

$34.85

-0.12 (-0.34%)

17:46
07/22/19
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Hot Stocks
Washington Federal raises dividend 5% »

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FBMS

First Bancshares

$29.74

-0.105 (-0.35%)

17:46
07/22/19
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Earnings
First Bancshares reports Q2 EPS ex-items 79c, consensus 69c »

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  • 23

    Sep

NTDOY

Nintendo

$0.00

(0.00%)

17:43
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17:43
Periodicals
Law firm sues Nintendo over Joy-Con drift, Polygon reports »

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OEC

Orion Engineered

$18.41

0.05 (0.27%)

17:33
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Hot Stocks
Orion Engineered announces price increases »

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  • 02

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HMST

HomeStreet

$27.76

-0.03 (-0.11%)

17:31
07/22/19
07/22
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17:31
Earnings
HomeStreet reports Q2 core EPS 13c, consensus 52c »

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  • 23

    Jul

GLD

SPDR Gold Shares

$134.46

(0.00%)

17:31
07/22/19
07/22
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17:31
Hot Stocks
SPDR Gold Shares holdings rise to 825.18MT from 820.49MT »

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RARX

RA Pharmaceuticals

$36.01

2.42 (7.20%)

17:29
07/22/19
07/22
17:29
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17:29
Syndicate
RA Pharmaceuticals files to sell $100M of common stock »

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BHE

Benchmark Electronics

$25.05

0.22 (0.89%)

17:29
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Hot Stocks
Benchmark Electronics appoints Rob Crawford Chief Revenue Officer »

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  • 24

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