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ADTN

Adtran

$12.12

-3.72 (-23.48%)

, DTE

DTE Energy

$131.39

1.27 (0.98%)

07:41
07/19/19
07/19
07:41
07/19/19
07:41

Adtran price target lowered to $17 from $20 at MKM Partners

MKM Partners analyst Michael Genovese lowered his price target on Adtran (ADTN) to $17, saying the company's latest earnings report was a "setback" for the company. The analyst says the stock has become a "show-me" story given its the review of its "accounting practices to determine excess and obsolete inventory reserves" and may prompt restatements. Genovese is also concerned with Adtran's weak Q3 revenue guidance amid an infrastructure spending pause of Deutsche Telecom (DTE). The analyst still maintains his Buy rating on Adtran, citing its broadband access deployment opportunities with the two largest U.S. telcos.

ADTN

Adtran

$12.12

-3.72 (-23.48%)

DTE

DTE Energy

$131.39

1.27 (0.98%)

  • 24

    Jul

  • 26

    Jul

  • 02

    Oct

ADTN Adtran
$12.12

-3.72 (-23.48%)

01/29/19
NEED
01/29/19
DOWNGRADE
NEED
Hold
Adtran downgraded to Hold from Buy at Needham
01/29/19
01/29/19
DOWNGRADE

Hold
Adtran downgraded to Hold at Needham on margin pressure
As previously reported, Needham analyst Richard Valera downgraded Adtran to Hold from Buy, saying that while the company posted solid Q4 results, the quarter was aided "by the re- emergence of Telmex" and warns that its shift toward international business will results in "structurally lower margins" and limited earnings power. The analyst further notes that he had previously anticipated AT&T (T) and Verizon (VZ) deals as "potentially significant" North America revenue opportunities, but now sees "little confidence either of these programs will ramp substantially over the near to medium term." Valera adds that the recent bounce in Adtran stock has taken its price to within 10% of his prior target, justifying a neutral stance.
04/22/19
MKMP
04/22/19
NO CHANGE
Target $20
MKMP
Buy
Adtran price target raised to $20 from $18 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Adtran to $20 and kept his Buy rating after its "upbeat" Q1 results with "strong margins", earnings, and above-consensus revenues. The analyst believes that Adtran has "tremendous growth opportunities with Cable MSOs" and also points to the company's improved visibility given the "strength of the Broadband Access upgrade cycle" around the world.
04/22/19
COWN
04/22/19
NO CHANGE
Target $17
COWN
Market Perform
Adtran price target raised to $17 from $14 at Cowen
Cowen analyst Paul Silverstein raised his price target on Adtran to $17 from $14 following a second straight quarter of "solid" results and guidance that suggests Adtran has "turned the corner." New projects remain the key growth driver and should help diversify what has long been extremely concentrated revenue, Silverstein says in a research note to investors. He maintains a Market Perform rating based on valuation.
DTE DTE Energy
$131.39

1.27 (0.98%)

10/26/18
WOLF
10/26/18
DOWNGRADE
WOLF
Peer Perform
DTE Energy downgraded to Peer Perform from Outperform at Wolfe Research
01/16/19
GSCO
01/16/19
INITIATION
Target $121
GSCO
Buy
DTE Energy initiated with a Buy at Goldman Sachs
Goldman Sachs analyst David Fishman initiated DTE Energy with a Buy rating and a price target of $121, saying he expects the company to continue growing its annualized revenue by 8% through 2022. The analyst cites the transformation of the company's electric generation portfolio to cleaner sources along with gas infrastructure opportunities and also sees clean energy investments offering above average returns on capital. Fishman adds that an upside to his estimate exists if the event of the DTE Energy receiving approval for its regulated renewables plan through 2022.
01/17/19
01/17/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tencent Music (TME) initiated with an Overweight at JPMorgan. 2. Craft Brew (BREW) initiated with a Buy at Maxim while Castle Brands (ROX) was initiated with a Hold. 3. CVS Health (CVS) and LabCorp (LH) were initiated with a Buy at UBS while Walgreens Boots Alliance (WBA) was initiated with a Sell. 4. DTE Energy (DTE) initiated with a Buy at Goldman Sachs while CMS Energy (CMS) was initiated with a Neutral. 5. Zendesk (ZEN) and HubSpot (HUBS) were initiated with an Overweight at Stephens while Adobe (ADBE) was initiated with an Equal Weight. 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
KEYB
06/04/19
INITIATION
Target $136
KEYB
Overweight
DTE Energy initiated with an Overweight at KeyBanc
KeyBanc analyst Sophie Karp started DTE Energy with an Overweight rating and $136 price target. The analyst likes the company's "strong" utility growth and track record of "constructive" regulatory outcomes in its core territories.

TODAY'S FREE FLY STORIES

USEG

U.S. Energy

$0.45

0.02 (4.65%)

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SMPL

Simply Good Foods

$27.35

0.55 (2.05%)

17:00
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MICR

Micron Solutions

$2.20

(0.00%)

16:57
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16:57
Hot Stocks
Micron Solutions announces compliance plan acceptance letter from NYSE American »

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TLGT

Teligent

$0.70

0.0031 (0.45%)

16:53
08/21/19
08/21
16:53
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16:53
Hot Stocks
Eversept Partners reports 5.01% passive stake in Teligent »

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LB

L Brands

$20.35

0.455 (2.29%)

16:47
08/21/19
08/21
16:47
08/21/19
16:47
Earnings
L Brands raises FY19 free cash flow view to ~$750M from ~$700M »

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  • 22

    Aug

  • 23

    Sep

AFG

American Financial Group

$99.71

0.53 (0.53%)

16:47
08/21/19
08/21
16:47
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16:47
Hot Stocks
American Financial Group increases annual dividend 12.5% to $1.80 per share »

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  • 04

    Sep

JNJ

Johnson & Johnson

$131.55

0.98 (0.75%)

16:45
08/21/19
08/21
16:45
08/21/19
16:45
Periodicals
Oklahoma judge to deliver decision Monday on J&J opioid suit, Reuters says »

Judge Thad Balkman in…

03/08/13
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03/08/13
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  • 04

    Sep

  • 09

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  • 16

    Sep

  • 01

    Oct

  • 15

    Oct

JWN

Nordstrom

$26.51

1.38 (5.49%)

16:45
08/21/19
08/21
16:45
08/21/19
16:45
Hot Stocks
Nordstrom says one-third of customers visit a store before purchasing online »

Says 50% of customers…

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  • 21

    Aug

SPRT

Support.com

$1.72

0.055 (3.31%)

16:41
08/21/19
08/21
16:41
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16:41
Hot Stocks
Julian Singer discloses 4.9% stake in Support.com, urges strategic alternatives »

Julian Singer disclosed a…

03/08/13
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HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

16:37
08/21/19
08/21
16:37
08/21/19
16:37
Hot Stocks
Huazhu Group approves $750M share repurchase program »

Huazhu's Board of…

03/08/13
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  • 21

    Aug

HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

16:35
08/21/19
08/21
16:35
08/21/19
16:35
Earnings
Breaking Earnings news story on Huazhu Group »

Huazhu Group sees FY19…

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  • 21

    Aug

LB

L Brands

$20.35

0.455 (2.29%)

16:35
08/21/19
08/21
16:35
08/21/19
16:35
Hot Stocks
L Brands reports Q2 Stores Only SSS down 4% »

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  • 22

    Aug

  • 23

    Sep

HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

16:34
08/21/19
08/21
16:34
08/21/19
16:34
Earnings
Breaking Earnings news story on Huazhu Group »

Huazhu Group sees Q3…

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  • 21

    Aug

LB

L Brands

$20.35

0.455 (2.29%)

16:34
08/21/19
08/21
16:34
08/21/19
16:34
Hot Stocks
L Brands reports Q2 Stores and Direct SSS down 1% »

Reports Q2 SSS for…

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  • 22

    Aug

  • 23

    Sep

BGNE

BeiGene

$145.78

0.93 (0.64%)

16:33
08/21/19
08/21
16:33
08/21/19
16:33
Hot Stocks
BeiGene announces FDA acceptance of zanubrutinib NDA to treat MCL patients »

BeiGene announced that…

03/08/13
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  • 09

    Sep

HTHT

Huazhu Group

$31.64

-1.36 (-4.12%)

16:33
08/21/19
08/21
16:33
08/21/19
16:33
Earnings
Huazhu Group reports Q2 adjusted EPS 24c, consensus 26c »

Reports Q2 revenue $417M,…

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  • 21

    Aug

TGT

Target

$103.11

17.54 (20.50%)

, LOW

Lowe's

$108.00

9.96 (10.16%)

16:33
08/21/19
08/21
16:33
08/21/19
16:33
On The Fly
Fly Intel: Wall Street's top stories for Wednesday »

Stocks began the day…

TGT

Target

$103.11

17.54 (20.50%)

LOW

Lowe's

$108.00

9.96 (10.16%)

GS

Goldman Sachs

$200.69

0.77 (0.39%)

AAPL

Apple

$212.69

2.34 (1.11%)

LEDS

SemiLEDs

$2.90

0.68 (30.63%)

PDD

Pinduoduo

$30.14

4.165 (16.04%)

URBN

Urban Outfitters

$22.38

1.45 (6.93%)

JMIA

Jumia Technologies

$12.25

-2.44 (-16.61%)

CREE

Cree

$49.01

-9.18 (-15.78%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 21

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  • 21

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  • 21

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  • 21

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  • 22

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  • 15

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  • 19

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  • 25

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  • 15

    Oct

  • 30

    Oct

  • 19

    Nov

LB

L Brands

$20.35

0.455 (2.29%)

16:32
08/21/19
08/21
16:32
08/21/19
16:32
Earnings
Breaking Earnings news story on L Brands »

L Brands backs FY19 EPS…

03/08/13
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  • 22

    Aug

  • 23

    Sep

WH

Wyndham Hotels & Resorts

$50.66

-0.065 (-0.13%)

16:32
08/21/19
08/21
16:32
08/21/19
16:32
Initiation
Wyndham Hotels & Resorts initiated at Baird »

Wyndham Hotels &…

03/08/13
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  • 11

    Sep

  • 12

    Sep

AMR

Alta Mesa Resources

$0.12

-0.0041 (-3.34%)

16:32
08/21/19
08/21
16:32
08/21/19
16:32
Hot Stocks
Alta Mesa Resources receives Nasdaq non-compliance notice »

Alta Mesa Resources, Inc.…

03/08/13
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03/06/13
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03/06/13
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LB

L Brands

$20.35

0.455 (2.29%)

16:31
08/21/19
08/21
16:31
08/21/19
16:31
Earnings
Breaking Earnings news story on L Brands »

L Brands sees Q3 EPS (5c)…

03/08/13
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03/08/13
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03/06/13
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  • 22

    Aug

  • 23

    Sep

ESTC

Elastic

$84.14

2.2 (2.68%)

16:31
08/21/19
08/21
16:31
08/21/19
16:31
Hot Stocks
Elastic acquires Perched, terms not disclosed »

Elastic announced that it…

03/08/13
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  • 28

    Aug

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  • 12

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  • 16

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LB

L Brands

$20.35

0.455 (2.29%)

16:31
08/21/19
08/21
16:31
08/21/19
16:31
Earnings
L Brands reports Q2 adjusted EPS 24c, consensus 20c »

Reports Q2 revenue…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

    Aug

  • 23

    Sep

WORK

Slack Technologies

$30.81

0.315 (1.03%)

16:30
08/21/19
08/21
16:30
08/21/19
16:30
Initiation
Slack Technologies initiated  »

Slack Technologies…

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  • 21

    Aug

  • 04

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16:30
08/21/19
08/21
16:30
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16:30
Options
Preliminary option volume of 16.7M today »

Preliminary option volume…

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