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AXP

American Express

$128.40

1.355 (1.07%)

, BLK

BlackRock

$474.98

4.06 (0.86%)

20:25
07/18/19
07/18
20:25
07/18/19
20:25

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include American Express (AXP), consensus $2.04... BlackRock (BLK), consensus $6.41... Schlumberger (SLB), consensus 35c... Synchrony Financial (SYF), consensus 95c... State Street (STT), consensus $1.39... Citizens Financial (CFG), consensus 94c... Regions Financial (RF), consensus 39c... Kansas City Southern (KSU), consensus $1.61... Autoliv (ALV), consensus $1.45... Gentex (GNTX), consensus 40c... ManpowerGroup (MAN), consensus $2... Cleveland-Cliffs (CLF), consensus 57c.

AXP

American Express

$128.40

1.355 (1.07%)

BLK

BlackRock

$474.98

4.06 (0.86%)

SLB

Schlumberger

$38.78

0.15 (0.39%)

SYF

Synchrony

$36.09

0.54 (1.52%)

STT

State Street

$56.27

1.67 (3.06%)

CFG

Citizens Financial

$34.62

0.27 (0.79%)

RF

Regions Financial

$14.76

0.06 (0.41%)

KSU

Kansas City Southern

$118.03

1.22 (1.04%)

ALV

Autoliv

$69.88

0.04 (0.06%)

GNTX

Gentex

$23.54

0.01 (0.04%)

MAN

ManpowerGroup

$90.30

0.82 (0.92%)

CLF

Cleveland-Cliffs

$10.88

-0.11 (-1.00%)

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AXP American Express
$128.40

1.355 (1.07%)

06/18/19
WELS
06/18/19
NO CHANGE
Target $135
WELS
Outperform
American Express price target raised to $135 from $125 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for American Express to $135 from $125 after hosting an investor meeting with Chairman/CEO Steve Squeri and CFO Jeff Campbell. The analyst came away feeling that revenue growth is trending well and within guidance, and they are not seeing any notable impact from the macro volatility. Fandetti reiterates an Outperform rating on the shares.
06/19/19
BOFA
06/19/19
INITIATION
BOFA
Buy
American Express reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Jason Kupferberg reinstated coverage of American Express with a Buy rating and $145 price target. The analyst expects sales acceleration relative to Q1 levels for the remainder of 2019. Not only does American Express have much less exposure to credit than other card companies, it benefits from lower interest rates, Kupferberg tells investors in a research note.
07/08/19
DBAB
07/08/19
INITIATION
Target $142
DBAB
Buy
American Express reinstated with a Buy at Deutsche Bank
Deutsche Bank analyst Dave Rochester reinstated coverage of American Express with a Buy rating and $124 price target.
07/10/19
WELS
07/10/19
NO CHANGE
Target $140
WELS
Outperform
American Express price target raised to $140 from $135 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for American Express to $140 from $135 ahead of quarterly results as he expects "meet and beats" into earnings from the card networks and issuers, as the U.S. consumer data points he tracks are holding up well. The analyst reiterates an Outperform rating on the shares.
BLK BlackRock
$474.98

4.06 (0.86%)

07/09/19
MSCO
07/09/19
NO CHANGE
MSCO
Morgan Stanley sees C-corp conversion announcement coming from Carlyle
Morgan Stanley analyst Michael Cyprys said he recommends owning Carlyle Group (CG) shares into the quarter, as he believes the company will announce plans to convert to a C-corporation along with its upcoming report, "albeit with a delayed effective date" to allow time for the complex underlying tax impact analysis. He thinks a conversion could bring greater clarity and visibility into targets, which could increase long only interest in the stock, Cyprys tells investors. In his broader preview of the earnings season for the Asset Manager group, the analyst noted that he lowered his Q2 EPS estimates by about 4% on average, cutting his estimates for Traditionals by 0.5%, for Alts by 11.5% and for Market Structure companies by 1.6%.
01/29/19
01/29/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nvidia (NVDA) upgraded to Buy from Neutral at UBS with analyst Timothy Arcuri saying the 20% fiscal Q4 revenue miss preannounced and the stock drop "finally sets the stage for a new positive revision cycle starting this summer." 2. American Express (AXP) upgraded to Overweight from Neutral at Atlantic Equities. 3. BlackRock (BLK) upgraded to Buy from Hold at Jefferies with analyst Daniel Fannon saying it is benefiting from both structural shifts in investor behavior as well as secular trends and he believes the company can continue to deliver industry leading organic growth and capital return. 4. British American Tobacco (BTI) upgraded to Overweight from Neutral at Piper Jaffray with analyst Michael Lavery saying he views the stock's valuation as attractive at current levels and feels "modestly more comfortable" with Glo's patent litigation risk in Japan. 5. 3D Systems (DDD) and Stratasys (SSYS) were upgraded to Overweight from Neutral at Piper Jaffray. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/14/19
LEHM
03/14/19
NO CHANGE
Target $490
LEHM
Overweight
BlackRock price target raised to $490 from $472 at Barclays
Barclays analyst Jeremy Campbell raised his price target for BlackRock to $490 from $472 citing recent increases in assets under management. The analyst keeps an Overweight rating on the shares.
04/17/19
WELS
04/17/19
NO CHANGE
Target $480
WELS
Market Perform
BlackRock price target raised to $480 from $460 at Wells Fargo
Wells Fargo analyst Christopher Harris raised his price target for BlackRock to $480 from $460 as the shares outperformed on the day of the Q1 earnings report, seemingly because of solid organic growth, better-than-expected base fee revenue and average fee rate and no change in expense guidance despite year to date stock market strength. The analyst reiterates a Market Perform rating on the shares.
SLB Schlumberger
$38.78

0.15 (0.39%)

07/10/19
SUSQ
07/10/19
DOWNGRADE
Target $1.5
SUSQ
Neutral
Superior Energy downgraded at Susquehanna on balance sheet challenges
Susquehanna analyst Charles Minervino downgraded Superior Energy (SPN) to Neutral from Positive and lowered his price target to $1.50 from $7. In a research note to investors, Minervino says he remains Neutral on Superior until there is better clarity on a resolution to its $1.3B of debt overhang, and recommends being weighted toward large-cap, generally more diversified stocks like Schlumberger (SLB), Helmerich & Payne (HP), Halliburton (HAL) and Patterson-UTI (PTEN).
06/27/19
06/27/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with an Underperform at Credit Suisse while Ford (F) and General Motors (GM) initiated with an Outperform. 2. Take-Two (TTWO) initiated with a Buy at SunTrust. 3. Infinity Pharmaceuticals (INFI) initiated with an Outperform at Oppenheimer. 4. Nomad Foods (NOMD) initiated with a Buy at Goldman Sachs. 5. Schlumberger (SLB) initiated with a Buy at Gabelli. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/19
STFL
06/07/19
UPGRADE
Target $50
STFL
Buy
Schlumberger upgraded to Buy from Hold at Stifel
Stifel analyst Stephen Gengaro upgraded Schlumberger to Buy from Hold with an unchanged price target of $50. The company is generating "solid" free cash flow and the stock's risk/reward is "compelling" at current levels, Gengaro tells investors in a research note. Further, the company's $2.00 per share annual dividend is "safe" and investors are getting "paid to wait," adds the analyst. He believes Schlumberger is well positioned to benefit as activity rises outside North America.
06/27/19
GABE
06/27/19
INITIATION
GABE
Buy
Schlumberger initiated with a Buy at Gabelli
Gabelli analyst Simon Wong started Schlumberger with a Buy rating and private market value estimate of $55. The analyst sees "strong" competitive advantages and a "reasonable" valuation for Schlumberger. Further, the analyst points out that should international and offshore recover faster than his projections, his 2023 private market value estimate of $75 can potentially reach $100 per share.
SYF Synchrony
$36.09

0.54 (1.52%)

05/09/19
NOMU
05/09/19
NO CHANGE
Target $39
NOMU
Buy
Synchrony price target raised to $39 from $35 at Nomura Instinet
Nomura Instinet analyst Bill Carcache raised his price target for Synchrony Financial to $39 from $35 saying the company's earnings power is "finally starting to shine through." He believes Synchrony offers a "refreshing opportunity for investors to generate alpha via good old-fashioned stock selection." The analyst calls the company his top pick among the consumer credit stocks and keeps a Buy rating on the name.
04/02/19
RHCO
04/02/19
NO CHANGE
Target $210
RHCO
Buy
Alliance Data price target raised to $210 from $190 at SunTrust
SunTrust analyst Andrew Jeffrey reiterated a Buy rating on Alliance Data (ADS) and raised his price target to $210 from $190, telling investors in a research note that he believes Alliance deserves at least the 10% implied pf PE premium to Synchrony (SYF), its closest competitor, as it becomes more a pure-play, value-added, data-driven card services provider. He also likes Alliance's improving customer mix and its effort to divest non-core businesses.
04/29/19
SPHN
04/29/19
UPGRADE
Target $160
SPHN
Equal Weight
Alliance Data upgraded to Equal Weight from Underweight at Stephens
Stephens analyst Vincent Caintic upgraded Alliance Data (ADS) to Equal Weight with a price target of $160 citing valuation following the 13% decline in the stock price after the sale of Epsilon. The analyst sees the current forward earnings multiple on the stock at 7.4-times as "reasonable" and comparable to that of its peer Synchony (SYF). Caintic also contends that the market anticipates a decline in the company's Card Services and LoyaltyOne business. Longer term, the analyst remains "fundamentally concerned" about Alliance Data with no expected positive catalysts this year.
05/03/19
RBCM
05/03/19
INITIATION
Target $39
RBCM
Outperform
Synchrony assumed with an Outperform at RBC Capital
RBC Capital analyst Jon Arfstrom assumed coverage of Synchrony (SYF) with an Outperform rating and a price target of $39, saying the company matches his criteria of "leverage to consumer strength." The analyst also believes that Synchrony's outlook remains "favorable" after its "solid" Q1 trends and expects the company to get past the "noise" around its PayPal (PYPL) partnership and Walmart (WMT) exit.
STT State Street
$56.27

1.67 (3.06%)

07/08/19
MSCO
07/08/19
DOWNGRADE
MSCO
Underweight
Morgan Stanley cuts large cap banks view, double downgrades State Street, BNY
As previously reported, Morgan Stanley analyst Betsy Graseck double downgraded State Street (STT) and BNY Mellon (BK), each to Underweight from Overweight, and downgraded her industry view for large cap banks to In-Line from Attractive. The group is up 23% year-to-date, but the next 6-18 months look tougher as global GDP is slowing, inflation expectations are dimming and the Fed is expected to cut rates in 2019 and 2020, which will make it "much harder for bank stocks to deliver positive surprises in operating leverage," Graseck tells investors. While she is not double downgrading the group to Cautious, because credit remains strong, Graseck sees trust banks as most exposed to the yield curve ahead of what she foresees as "18 months of rate cuts," the analyst added. She lowered her price targets on a number of large cap banks and cut her target on State Street to $55 from $69 while dropping her target for BNY to $41 from $50.
07/08/19
MSCO
07/08/19
DOWNGRADE
MSCO
Underweight
State Street downgraded to Underweight from Overweight at Morgan Stanley
Morgan Stanley analyst Betsy Graseck double downgraded State Street to Underweight from Overweight.
06/26/19
06/26/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. State Street (STT) downgraded to Neutral from Buy at UBS with analyst Brennan Hawken saying he has "very little confidence" in when the company will be able to get past the headwinds it is facing. 2. Allergan (AGN) downgraded to Neutral from Buy at Mizuho with analyst Irina Koffler saying she views the AbbVie (ABBV) deal as "a hard-fought and timely exit" for shareholders, citing her concerns about the weakness in Allergan's aesthetics portfolio and the company's growth challenges. 3. Kinder Morgan (KMI) downgraded to Market Perform from Outperform at Raymond James with analyst Justin Jenkins saying shares are up approximately 35% year-to-date and trade at an above-peer multiple despite a mixed outlook for the asset portfolio. 4. Papa John's (PZZA) downgraded to Neutral from Buy at Kalinowski. 5. Illinois Tool Works (ITW) downgraded to Sell from Neutral at Northcoast with the firm's analyst citing concentrated Automotive exposure. 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
07/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell from Neutral at Rosenblatt with analyst Jun Zhang citing his view that its fundamental will deteriorate over the next 6-12 months. 2. Verizon (VZ) downgraded to Neutral from Buy at Citi with analyst Michael Rollins saying rising long-term industry risks and the stock's current valuation premium are likely to limit returns over the next 12-months. 3. F5 Networks (FFIV) downgraded to Sell from Neutral at Goldman Sachs with analyst Rod Hall saying the company's earnings risks are increasing due to the weaker short-term spending environment and increasing competitive threat. 4. BNY Mellon (BK) and State Street (STT) were double downgraded to Underweight from Overweight at Morgan Stanley. 5. American Airlines (AAL) downgraded to Underperform from Neutral at Credit Suisse with analyst Jose Caiado citing labor and Boeing (BA) 737 Max risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CFG Citizens Financial
$34.62

0.27 (0.79%)

07/12/19
SBSH
07/12/19
NO CHANGE
SBSH
Morgan Stanley upgrade, Wells downgrade among Citi's bank changes
Citi analyst Keith Horowitz made seven rating changes in the U.S. Banks space after updating his estimates and target prices for a new base case rate forecast that more closely reflects the forward curve. This includes two interest rate cuts in 2019 and 2020. The analyst's terminal yield curve assumptions to Fed Funds is 1.75%. The lower rate assumptions led him to lower his normal return on tangible equity estimates ~100 basis points on average. Following these changes, Horowitz upgraded Morgan Stanley (MS) to Buy from Neutral), downgraded Comerica (CMA), Northern Trust (NTRS), and M&T Bank (MTB) to Sell from Neutral, and downgraded Wells Fargo (WFC), Citizens Financial (CFG), and Fifth Third (FITB) to Neutral from Buy.
07/12/19
SBSH
07/12/19
DOWNGRADE
SBSH
Neutral
Citizens Financial downgraded to Neutral from Buy at Citi
Citi analyst Keith Horowitz downgraded Citizens Financial to Neutral from Buy.
07/10/19
07/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Deere (DE) downgraded to Neutral from Buy at UBS with analyst Steven Fisher saying that after a "sharp" rebound from a weak May, the stock now balances the risks of near-term caution and the potential pick-up in 2020. 2. Universal Display (OLED) downgraded to Perform from Outperform at Oppenheimer with analyst Andrew Uerkwitz citing valuation. 3. Parker-Hannifin (PH) and Agco (AGCO) were downgraded to Neutral from Overweight at JPMorgan. 4. BP (BP) downgraded to Neutral from Outperform at Credit Suisse with analyst Thomas Adolff saying he now prefers shares of Total (TOT) as he believes they are trading at a cheaper valuation than BP. 5. Citizens Financial (CFG) downgraded to Neutral from Buy at UBS with analyst Saul Martinez saying the bank's "limited fee generation" and declining ROA make it vulnerable in a more challenging interest rate and credit environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/19
UBSW
07/10/19
DOWNGRADE
Target $38
UBSW
Neutral
Citizens Financial downgraded to Neutral from Buy at UBS
UBS analyst Saul Martinez cut Citizens Financial to Neutral and lowered his price target to $38 from $40, saying the bank's "limited fee generation" and declining ROA make it vulnerable in a more challenging interest rate and credit environment. The analyst also believes that the many catalysts that drove Citizens' profitability since its 2014 IPO either ran their course or will yield "fewer benefits".
RF Regions Financial
$14.76

0.06 (0.41%)

07/08/19
BMOC
07/08/19
DOWNGRADE
Target $14
BMOC
Underperform
Huntington Bancshares downgraded to Underperform at BMO Capital
BMO Capital analyst Lana Chan downgraded Huntington Bancshares (HBAN) to Underperform from Market Perform with an unchanged price target of $14. The analyst sees only 5% total return in shares compared to an average 14% total return potential for other regional banks. Chan lowered her estimates for Huntington to account for a lower rate environment and higher costs for hedging. Further, the company has less support than peers from stock buybacks, the analyst tells investors. She prefers shares of Outperform-rated Regions Financial (RF) over Huntington Bancshares.
07/11/19
BOFA
07/11/19
DOWNGRADE
BOFA
Neutral
Regions Financial downgraded to Neutral from Buy at BofA/Merrill
07/11/19
BOFA
07/11/19
DOWNGRADE
BOFA
Underperform
BofA double downgrades Comerica to Underperform, cuts Regions to Neutral
BofA Merrill Lynch analyst Erika Najarian downgraded Comerica two notches, to Underperform from Buy, citing the cloudier visibility on forward EPS given the more challenging backdrop. However, she noted that this rating change was not a call on the quarter but more about the environment for banks moving forward. Najarian also downgraded Regions Financial (RF) to Neutral from Buy, citing similar concerns.
05/15/19
RHCO
05/15/19
NO CHANGE
Target $14
RHCO
Buy
Green Sky's loss of Regions as funding partner 'not material,' says SunTrust
After Green Sky (GSKY) disclosed in a 10Q this morning that it has lost Regions Financial (RF) as a funding partner for its indirect lending product, SunTrust analyst Andrew Jeffrey said the news is "clearly a negative," as Regions is about 17% of the company's total max funding commitment, he does not believe this loss alone will constrain the calendar 2019 revenue growth outlook. Based on the 10Q, less than $150M of the funding commitment was unused, and therefore, Jeffrey contends that it is likely not material to the $4.5B in total funding the company highlighted on its recent conference call. Jeffrey, who has a Buy rating and $14 price target on Green Sky shares, says he "likes" the company's competitive position, value proposition, potential upside from new Healthcare offerings and the new American Express (AXP) relationship.
KSU Kansas City Southern
$118.03

1.22 (1.04%)

06/13/19
LEHM
06/13/19
DOWNGRADE
Target $170
LEHM
Equal Weight
Union Pacific downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Brandon Oglenski downgraded Union Pacific (UNP) to Equal Weight from Overweight and lowered his price target for the shares to $170 from $190. The analyst also cut his Transportation sector view to Neutral saying he sees "real fundamental challenges set against high market expectations." Railroad equities are not properly discounting recent headwinds from softer demand and "lower supply chain urgency" across North America, Oglenski tells investors in a research note. Further, he sees increasing risk that tariff driven inflation could "damp consumer consumption" later this year, at least in the U.S. As a result, Oglenski suggests investors take some Transportation exposure off the table. He keeps Equal Weight ratings on Canadian National (CNI), Kansas City Southern (KSU) and Norfolk Southern (NSC) as well as Overweight ratings on Canadian Pacific (CP) and CSX (CSX).
07/17/19
07/17/19
DOWNGRADE

Kansas City Southern downgraded to Hold from Buy at Cascend Securities
07/17/19
CSND
07/17/19
DOWNGRADE
CSND
Hold
Cascend downgrades four rails on weakening intermodal traffic
Cascend Securities downgraded four names in the rail space, CSX (CSX), Norfolk Southern (NSC), Kansas City Southern (KSU), and Union Pacific (UNP), to Hold after three years at Buy. Intermodal traffic is down since February, and it doesn't look like a "pause," Cascend tells investors in a research note. Further, industrial equipment imports into the U.S. has suddenly declined sharply, adds the firm, which notes that CSX last night called the economic backdrop "puzzling."
06/12/19
DBAB
06/12/19
NO CHANGE
DBAB
Deutsche lowers estimates for U.S. Class 1 Rails, keeps Buy ratings
Deutsche Bank analyst Amit Mehrotra lowered his Q2 earnings forecasts by 4% on average, taking him below consensus for all the U.S. Class 1 Rails - CSX (CSX), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). The analyst is in-line with the consensus for Canadian National (CNI) and above consensus for Canadian Pacific (CP). Despite the estimate cuts, Mehrotra remains positive on Rail stocks, reflecting the sector's "volume-agnostic" cost opportunity. He lowered his price target for CSX to $87 from $89, for Kansas City Southern to $138 from $142, for Norfolk Southern to $196 from $198 and for Union Pacific to $197 from $200. The analyst keeps Buy ratings on all four names.
ALV Autoliv
$69.88

0.04 (0.06%)

04/29/19
NORD
04/29/19
DOWNGRADE
NORD
Hold
Autoliv downgraded to Hold from Buy at Nordea
07/15/19
BARD
07/15/19
UPGRADE
BARD
Neutral
Autoliv upgraded to Neutral from Underperform at Baird
07/17/19
SBSH
07/17/19
DOWNGRADE
Target $144
SBSH
Neutral
Lear downgraded to Neutral from Buy at Citi
Citi analyst Itay Michaeli downgraded Lear (LEA) to Neutral from Buy and lowered his price target on the stock to $144 from $188 following the company's 2019 guidance cut, which he contends "might not be fully explained by macro alone." Given the double-digit percentage cut to Lear's FY19 net income outlook, the reaction in the stock today "appears rather mild," said the analsyt, who added that the guidance cut suggests to him a worsening of some of the E-Systems revenue issues he'd previously called out. On the surface, the news appears to have a negative-read for suppliers with heavy exposure in Europe and China - such as Visteon (VC), Autoliv (ALV), Veoneer (VNE), BorgWarner (BWA) and Aptiv (APTV) - but Michaeli reiterated that he thinks there are also company-specific factors in play.
04/22/19
04/22/19
DOWNGRADE

Sector Weight
Autoliv downgraded to Sector Weight at KeyBanc
As previously reported, KeyBanc analyst James Picariello downgraded Autoliv to Sector Weight from Overweight as heavy Q1 launches exacerbate 2019 profitability risks. The analyst expects downward earnings revisions.
GNTX Gentex
$23.54

0.01 (0.04%)

12/28/18
BUCK
12/28/18
NO CHANGE
Target $32
BUCK
Buy
DOT approval a 'significant catalyst' for Stoneridge shares, says Buckingham
Buckingham analyst Glenn Chin reiterates a Buy rating on Stoneridge (SRI) with a $32 price target after the Department of Transportation approved the company's application for commercial vehicles to operate with the MirrorEye camera monitoring system in lieu of two rear-vision mirrors as previously required by law. The approval provides an exemption for the Stoneridge MirrorEye system only, and does not apply to competing camera monitoring systems, Chin tells investors in a research note. He believes the development provides Stoneridge with a "significant" competitive advantage in the U.S. Further, the approval provides a "significant catalyst" for Stoneridge shares and further reinforces the business case for customer adoption of MirrorEye, says the analyst. Alternatively, Chin expects competitor Gentex (GNTX) to come under pressure following the decision. He has an Underperform rating on those shares. Stoneridge is up 2% to $23.45 in morning trading while Gentex is down 9c to $19.99.
02/05/19
02/05/19
DOWNGRADE

Neutral
Gentex downgraded to Neutral on slowing growth at Longbow
As previously reported, Longbow analyst Anthony Deem downgraded Gentex to Neutral from Buy, citing his view that growth over market is slowing in the near-term and the pressure he expects on gross margins from tariffs and price downs that are not fully offset by lower purchase costs. He also believes new products, such as dimmable glass, are unlikely to be material revenue generators for about 5 years, Deem tells investors.
02/05/19
LBOW
02/05/19
DOWNGRADE
LBOW
Neutral
Gentex downgraded to Neutral from Buy at Longbow
Longbow analyst Anthony Deem downgraded Gentex to Neutral.
01/28/19
BMOC
01/28/19
NO CHANGE
BMOC
BorgWarner, Gentherm, Visteon, Autolive price targets raised at BMO Capital
BMO Capital analyst Richard Carlso is turning more bullish on the auto and mobility equipment industry, saying the sentiment from the most recent CES, Detroit Auto Show, and GM's (GM) Capital Markets Day events has shifted his outlook from "cautious" to "cautiously optimistic". The analyst attributes the snap-back rally in the sector stocks' prices to increased optimism over the impact of lingering trade issues and outlooks from companies that have so far updated on their Q4 performance, all of which suggested that the 2018-end declines were overextended. Carlson is raising his price target on Autoliv (ALV) to $84 from $79, on Gentex (GNTX) to $27 from $24, on Aptiv (APTV) to $84 from $74, on Veoneer (VNE) to $41 from $36, on BorgWarner (BWA) to $49 from $44, and on Visteon (VC) to $91 from $84.
MAN ManpowerGroup
$90.30

0.82 (0.92%)

07/10/19
FBCO
07/10/19
DOWNGRADE
FBCO
Underperform
ManpowerGroup downgraded to Underperform from Neutral at Credit Suisse
06/12/19
FBCO
06/12/19
DOWNGRADE
FBCO
Neutral
Manpower downgraded to Neutral from Outperform at Credit Suisse
06/12/19
06/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cisco (CSCO) downgraded to Market Perform from Outperform at William Blair with analyst Jason Ader saying he sees "signs of tightening demand" across IT infrastructure, which he believes could pressure growth in Cisco's fiscal 2020, "especially when compared against unusually strong demand in fiscal 2019." 2. Manpower (MAN) downgraded to Neutral from Outperform at Credit Suisse. 3. Dave & Buster's (PLAY) downgraded to Hold from Buy at Gordon Haskett and SunTrust, as well as to Market Perform from Outperform at Wells Fargo. 4. Amcor (AMCR) reinstated with a Sell from Neutral at Goldman Sachs with analyst Brian Maguire saying Bemis's earnings growth "has not proven to be as resilient in recent years." 5. Beyond Meat (BYND) downgraded to Market Perform from Outperform at Bernstein with analyst Alexia Howard saying "valuation considerations as the stock has traded in a highly volatile manner since its IPO likely due to its limited public float." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/19
07/11/19
DOWNGRADE
Target $83

Underperform
ManpowerGroup downgraded to Underperform at Credit Suisse
As previously reported, Credit Suisse analyst Kevin McVeigh downgraded ManpowerGroup to Underperform from Neutral and lowered his price target on the shares to $83 from $88. The analyst notes that valuation has expanded about 4 times, but European macro has deteriorated amid a continued ManpowerGroup rally and underwhelming results from European temp/perm placement companies Robert Walters/Page Group. Further, McVeigh recommends investors use the recent "Powell put" rally to monetize the ManpowerGroup stock and use proceeds to rotate into ADP (ADP).
CLF Cleveland-Cliffs
$10.88

-0.11 (-1.00%)

06/26/19
JEFF
06/26/19
NO CHANGE
JEFF
Nucor flat rolled price increase likely to help sentiment, says Jefferies
After Nucor (NUE) announced a $40/t flat rolled price increase yesterday, which was the first increase since February, Jefferies analyst Martin Englert said he thinks peers are likely to follow. While the increase may not immediately raise prices, it is a move in the right direction that aids more positive sector sentiment, Englert tell investors. The analyst, who advises investors to increase exposure to steel stocks, names Nucor, Steel Dynamics (STLD), Cleveland-Cliffs (CLF) and Commercial Metals (CMC) as his top U.S. picks Other publicly traded companies in the steel space include AK Steel (AKS), ArcelorMittal (MT), TimkenSteel (TMST) and U.S. Steel (X).
05/13/19
KEYB
05/13/19
NO CHANGE
KEYB
Chinese tariffs negative for Schnitzer Steel, positive for Luxfer, says KeyBanc
KeyBanc analyst Philip Gibbs notes that the Trump administration announced the U.S. will be ratcheting up import tariffs to 25% from 10% on about $200B worth of Chinese goods. All else equal, Gibbs sees this as a modest negative for steel producers as key consumables remain sticky, and a relative neutral for ArcelorMittal (MT) given its global exposure. On steelmaking raw materials, the analyst sees this as a neutral for Cleveland-Cliffs (CLF) and a negative for Schnitzer Steel (SCHN), with the latter in the heart of challenged non-ferrous export markets. He also views this largely as a neutral for distributors, with perhaps a modest positive of Worthington's (WOR) Cylinders segment. Clearer winners appear to be Global Brass and Copper (BRSS), Luxfer (LXFR), and Materion (MTRN), whereby it will be tougher for the Chinese to compete within the U.S. in its core businesses.
04/26/19
04/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cleveland-Cliffs (CLF) upgraded to Outperform from Neutral at Credit Suisse with analyst Curt Woodworth saying he sees potential value near $16-$18 once the HBI plant is fully ramped, even with low hot-rolled coil prices at that point in time. 2. Argo Group (ARGO) upgraded to Outperform from Market Perform at William Blair with analyst Adam Klauber saying Argo is beginning to emerge as a long-term midcap growth insurer, Klauber tells investors in a research note. 3. Illinois Tool Works (ITW) upgraded to Neutral from Underweight at JPMorgan with analyst Ann Duignan saying following the company's "solid" Q1 results, downside risk to 2019 earnings estimates "appears limited," with the worst of auto builds and European weakness "likely behind us." 4. The Medicines Co. (MDCO) upgraded to Buy from Neutral at Goldman Sachs while Esperion (ESPR) upgraded to Neutral from Sell. 5. Shutterfly (SFLY) upgraded to Outperform from Market Perform at Raymond James with analyst Aaron Kessler citing stable Consumer segment growth trends and his expectation for improved consumer growth throughout 2019, as well as "very achievable" 2021 EBITDA guidance of $400M-$450M with modest organic growth assumptions and modest Lifetouch synergies baked in. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/26/19
FBCO
04/26/19
UPGRADE
Target $14
FBCO
Outperform
Cleveland-Cliffs upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Curt Woodworth upgraded Cleveland-Cliffs to Outperform from Neutral and raised his price target to $14 from $13 following the company's Q1 results. In a research note to investors, Woodworth says he sees potential value near $16-$18 once the HBI plant is fully ramped, even with low hot-rolled coil prices at that point in time. He also forecasts substantially higher NAV uplift from HBI and now models EBITDA accretion of roughly $200M.

TODAY'S FREE FLY STORIES

NOVA

Sunnova Energy

$11.13

0.089 (0.81%)

21:22
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SPY

SPDR S&P 500 ETF Trust

$292.31

3.52 (1.22%)

, SPX

S&P 500

$0.00

(0.00%)

20:54
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Trump administration considering steps on economy if conditions worsen, NYT says »

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SPDR S&P 500 ETF Trust

$292.31

3.52 (1.22%)

SPX

S&P 500

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KSS

Kohl's

$48.20

2.69 (5.91%)

, TJX

TJX

$51.55

0.13 (0.25%)

20:25
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KSS

Kohl's

$48.20

2.69 (5.91%)

TJX

TJX

$51.55

0.13 (0.25%)

MDT

Medtronic

$104.15

1.42 (1.38%)

HD

Home Depot

$207.98

4.335 (2.13%)

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BHP

BHP Group

$49.12

0.31 (0.64%)

19:32
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BHP Group sees China and global economic growth slowing »

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BHP

BHP Group

$49.12

0.31 (0.64%)

19:25
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Earnings
BHP Group reports FY19 Net profit up 124% at $8.31B »

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AAPL

Apple

$210.32

3.88 (1.88%)

19:09
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Apple aims for November launch of Apple+, Bloomberg reports »

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ACN

Accenture

$195.19

2.005 (1.04%)

19:04
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Hot Stocks
Accenture acquires Parker Fitzgerald, terms not disclosed »

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  • 26

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BIDU

Baidu

$104.28

7.63 (7.89%)

, NBRV

Nabriva Therapeutics

$2.21

-0.06 (-2.64%)

18:47
08/19/19
08/19
18:47
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18:47
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Baidu…

BIDU

Baidu

$104.28

7.63 (7.89%)

NBRV

Nabriva Therapeutics

$2.21

-0.06 (-2.64%)

MRNA

Moderna

$13.41

0.235 (1.78%)

VSLR

Vivint Solar

$8.30

0.3 (3.75%)

FN

Fabrinet

$56.40

0.77 (1.38%)

IQ

iQIYI

$18.10

1.02 (5.97%)

MRUS

Merus

$18.46

1.75 (10.47%)

SRPT

Sarepta

$120.16

-4.81 (-3.85%)

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  • 04

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ET

Energy Transfer LP

$13.77

0.3 (2.23%)

18:40
08/19/19
08/19
18:40
08/19/19
18:40
Periodicals
Energy Transfer LP performing maintenance on WTG pipeline, Reuters says »

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AAPL

Apple

$210.32

3.88 (1.88%)

, SNE

Sony

$55.71

-0.01 (-0.02%)

18:20
08/19/19
08/19
18:20
08/19/19
18:20
Periodicals
Apple allocates over $6B for original TV shows and movies, FT says »

Apple (AAPL) has budgeted…

AAPL

Apple

$210.32

3.88 (1.88%)

SNE

Sony

$55.71

-0.01 (-0.02%)

NFLX

Netflix

$309.40

6.66 (2.20%)

DIS

Disney

$135.33

0.14 (0.10%)

T

AT&T

$35.40

0.42 (1.20%)

CBS

CBS

$44.21

0.38 (0.87%)

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  • 20

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  • 05

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  • 23

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LGIH

LGI Homes

$78.56

3.36 (4.47%)

18:01
08/19/19
08/19
18:01
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18:01
Hot Stocks
LGI Homes opens two new communities in greater Seattle market »

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AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

18:01
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Hot Stocks
Amazon.com to expand in Utah with new new fulfillment center »

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  • 27

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WMT

Walmart

$113.76

0.77 (0.68%)

18:00
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Walmart to pay $100,000 to settle EEOC disability discrimination suit »

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  • 15

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  • 13

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X

U.S. Steel

$12.42

1.13 (10.01%)

17:58
08/19/19
08/19
17:58
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Periodicals
U.S. Steel to lay off hundreds of workers at Great Lakes plant, Reuters says »

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  • 23

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SRPT

Sarepta

$120.16

-4.81 (-3.85%)

17:53
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08/19
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17:53
Hot Stocks
Breaking Hot Stocks news story on Sarepta »

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  • 19

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SRPT

Sarepta

$120.16

-4.81 (-3.85%)

17:52
08/19/19
08/19
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17:52
Hot Stocks
FDA's CRL to Sarepta's golodirsen citing risk of infection, renal toxicity »

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  • 19

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BSX

Boston Scientific

$42.74

0.59 (1.40%)

17:41
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17:41
Hot Stocks
Boston Scientific's ImageReady MRI labeling receives FDA approval »

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  • 04

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  • 13

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AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

, GOOG

Alphabet

$1,198.01

21.07 (1.79%)

17:35
08/19/19
08/19
17:35
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17:35
Periodicals
State AGs to proceed with antitrust investigation of big tech, WSJ reports »

A group of state…

AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

GOOG

Alphabet

$1,198.01

21.07 (1.79%)

GOOGL

Alphabet Class A

$1,199.94

21.25 (1.80%)

FB

Facebook

$186.22

2.8 (1.53%)

MSFT

Microsoft

$138.43

2.3 (1.69%)

AAPL

Apple

$210.32

3.88 (1.88%)

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  • 04

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FB

Facebook

$186.22

2.8 (1.53%)

17:31
08/19/19
08/19
17:31
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17:31
Periodicals
FTC head says breaking up Facebook could be complicated, FT reports »

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  • 15

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MPW

Medical Properties Trust

$18.28

0.13 (0.72%)

17:28
08/19/19
08/19
17:28
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17:28
Hot Stocks
Medical Properties Trust COO sells 100K shares of common stock »

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  • 19

    Sep

WMT

Walmart

$113.76

0.77 (0.68%)

17:17
08/19/19
08/19
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Periodicals
Walmart's U.S. Chief Marketing Officer Barbara Messing is leaving, AdAge says »

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  • 15

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  • 13

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MAXR

Maxar Technologies

$6.49

0.185 (2.93%)

17:12
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08/19
17:12
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17:12
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Maxar Technologies' MDA awarded Canadian Space Agency contract »

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RCI

Rogers Communications

$51.30

0.21 (0.41%)

17:06
08/19/19
08/19
17:06
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17:06
Hot Stocks
Rogers 'disappointed' by CRTC decision on broadband wholesale rates »

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IQ

iQIYI

$18.10

1.02 (5.97%)

17:05
08/19/19
08/19
17:05
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17:05
Hot Stocks
Breaking Hot Stocks news story on iQIYI »

iQIYI down over 6% or…

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  • 19

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IQ

iQIYI

$18.10

1.02 (5.97%)

17:03
08/19/19
08/19
17:03
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17:03
Hot Stocks
iQIYI reports Q2 total subscribing members 100.5M, up 50% from last year »

iQIYI's number of…

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