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MU

Micron

$46.66

1.15 (2.53%)

, POL

PolyOne

$31.00

0.58 (1.91%)

10:18
07/22/19
07/22
10:18
07/22/19
10:18

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Micron (MU) upgraded to Buy from Neutral at Goldman Sachs with analyst Mark Delaney saying he is now more positive on global memory stocks as he believes that the excess inventory memory companies are carrying will be depleted faster than previous expectations, primarily in NAND flash. 2. PolyOne (POL) upgraded to Outperform from Neutral at Baird. 3. Hershey (HSY) upgraded to Neutral from Sell at UBS with analyst Steven Strycula saying consolidation in U.S. confection has driven better "category stewardship" while pricing power in the space is stronger than initially thought. 4. Autoliv (ALV) upgraded to Buy from Hold at Nordea. 5. StoneCo (STNE) was upgraded to Outperform from Neutral at Credit Suisse while PagSeguro Digital (PAGS) was upgraded to Neutral from Underperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

MU

Micron

$46.66

1.15 (2.53%)

POL

PolyOne

$31.00

0.58 (1.91%)

HSY

Hershey

$146.77

1.59 (1.10%)

ALV

Autoliv

$73.14

1.16 (1.61%)

PAGS

PagSeguro Digital

$47.51

1.88 (4.12%)

STNE

StoneCo

$35.80

1 (2.87%)

  • 25

    Jul

  • 25

    Jul

MU Micron
$46.66

1.15 (2.53%)

07/21/19
GSCO
07/21/19
UPGRADE
GSCO
Buy
Micron upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs upgraded Micron to Buy as it takes a more positive view on memory stocks.
07/21/19
GSCO
07/21/19
UPGRADE
Target $56
GSCO
Buy
Goldman Sachs more positive on memory stocks, upgrades Micron to Buy
Goldman Sachs analyst Mark Delaney upgraded Micron Technology to Buy from Neutral and raised his price target for the shares to $56 from $40. The chipmaker closed Friday up 85c to $45.52. The analyst is now more positive on global memory stocks as he believes that the excess inventory memory companies are carrying will be depleted faster than previous expectations, primarily in NAND flash. This is due to the Toshiba Memory Corporation fab outage that has disrupted a mid-single digit percent of annual industry production, Delaney tells investors in a research note. His most recent industry discussions suggest that NAND pricing could start to improve in Q3 of 2019. This should be better understood by the market post the Flash Memory Summit in early August, says Delaney.
07/18/19
LEHM
07/18/19
NO CHANGE
Target $50
LEHM
Overweight
Micron price target raised to $50 from $40 at Barclays
Barclays analyst Blayne Curtis raised his price target for Micron Technology (MU) to $50 from $40 and keeps an Overweight rating on the shares. Data center softness "clearly lingered" into Q3, but demand will have to eventually improve, Curtis tells investors in a research note on the U.S. Semiconductors space. The analyst expects Mircon Technology and Inphi (IPHI) to benefit from the rebound.
07/18/19
BOFA
07/18/19
NO CHANGE
Target $60
BOFA
Buy
Micron price target raised to $60 from $45 at BofA/Merrill
BofA Merrill Lynch analyst Simon Woo raised his price target on Micron shares to $60 from $45, noting that the DRAM spot market price has rebounded firmly in recent days, which he attributes to chip supply shortage concerns in conjunction with disruption at Samsung and Hynix. Woo also noted that Micron's earnings and stock performance typically correlate closely with the spot price trend. He tentatively assumes the Japan-Korea trade dispute that may impact the import of three major semiconductor materials will only have a single-digit impact on global supply, adding that DRAM's spot price "usually overreacts to news, but it can be a leading indicator" for the average selling price trend. Woo keeps a Buy rating on Micron shares.
POL PolyOne
$31.00

0.58 (1.91%)

06/11/19
BUCK
06/11/19
NO CHANGE
Target $36
BUCK
Buy
Buckingham sees upside to 2H19 Street expectations for PolyOne
Buckingham analyst Dmitry Silversteyn reiterated a Buy rating and $36 price target on PolyOne following the company's preannouncement of a "stronger" Q2 on faster margin recovery across all segments driven by better mix and price realization, as well as improving Composites profitability and a better than anticipated North American construction market. In a research note to investors, Silversteyn raised his Q2 EPS estimates to 73c from 68c and says he sees upside to second half Street expectations.
06/11/19
WLSD
06/11/19
UPGRADE
WLSD
Gradually Accumulate
PolyOne upgraded to Gradually Accumulate from Hold at Wellington Shields
Great Lakes Review analyst Elliott Leo Schlang upgraded PolyOne to Gradually Accumulate from Hold with a price target of $35 on the shares. Great Lakes is a division of Wellington Shields.
05/31/19
RHCO
05/31/19
UPGRADE
Target $31
RHCO
Buy
PolyOne upgraded to Buy from Hold at SunTrust
SunTrust analyst James Sheehan upgraded PolyOne to Buy and kept his price target at $31, saying the stock has become "fundamentally oversold" at 8.2-times his expected FY19 and 7.7-times expected FY20 EBITDA - the low end of its 3-year range for next-12-month EBITDA of 7.6- to 11.5-times. The analyst notes that his prior downgrade based on the expectations of slowing earnings has "played itself out", and sees an upside bias to PolyOne's 2019 earnings thanks to its "new business wins, cost savings, and easing raw material headwinds."
07/22/19
BARD
07/22/19
UPGRADE
Target $36
BARD
Outperform
PolyOne upgraded to Outperform from Neutral at Baird
Baird analyst Ben Kallo upgraded PolyOne to Outperform from Neutral and raised his price target for the shares to $36 from $30.
HSY Hershey
$146.77

1.59 (1.10%)

07/22/19
UBSW
07/22/19
UPGRADE
Target $145
UBSW
Neutral
Hershey upgraded to Neutral from Sell at UBS
UBS analyst Steven Strycula upgraded Hershey to Neutral from Sell and raised his price target for the shares to $145 from $100. Consolidation in U.S. confection has driven better "category stewardship" while pricing power in the space is stronger than initially thought, Strycula tells investors in a research note. He expects Hershey to follow the 10% price increases for front-of-store confection announced last week by Mars.
07/17/19
GSCO
07/17/19
UPGRADE
Target $142
GSCO
Neutral
Hershey upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Jason English upgraded Hershey to Neutral from Sell and raised his price target for the shares to $142 from $86. The analyst confirmed with industry sources and Hershey management that Mars has announced a 9.0%-9.5% price increase on single-serve chocolate while also announcing that it is following Hershey's previously announced lead to raise seasonal chocolate prices for this upcoming Halloween selling season. He expects Hershey to announce that it is following Mars' lead on single-serve chocolate when it reports earnings next week. A 9.5% price increase can add 84c of earnings power to the company's annual earnings per share, according to English. This is "material new information" for Hershey, as single-serve chocolate represents roughly $2.3B of the company's sales, the analyst tells investors in a research note. He raised his estimates upgraded the shares to reflect this new information.
07/18/19
SBSH
07/18/19
NO CHANGE
Target $170
SBSH
Buy
Hershey price target raised to $170 from $140 at Citi
Citi analyst David Driscoll raised his price target for Hershey to $170 from $140 and reiterates a Buy rating on the shares. The analyst sees pricing as driving "substantial upside" to consensus earnings over the next few years. The impacts from pricing upon Hershey's profitability are significant, with every point of pricing equating to 30c of earnings per share, all else equal, Driscoll tells investors in a research note. This suggests a "robust upcoming gross margin environment" for the company as its previously announced bagged chocolate price increase begins to take hold in Q2, adds the analyst. He raised his earnings estimates to reflect a "bullish pricing story."
07/17/19
07/17/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Hershey (HSY) upgraded to Neutral from Sell at Goldman Sachs with analyst Jason English saying he confirmed with industry sources and Hershey management that Mars has announced a 9.0%-9.5% price increase on single-serve chocolate while also announcing that it is following Hershey's previously announced lead to raise seasonal chocolate prices for this upcoming Halloween selling season. 2. ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill with analyst Doug Leggate saying the company's portfolio is "exposed to all the good bits" with 75% exposure to Brent while avoiding the "worst of onshore price dislocations." 3. Ctrip (CTRP) upgraded to Outperform from Neutral at Credit Suisse. 4. KB Home (KBH) upgraded to Outperform from In Line at Evercore ISI. 5. Silgan Holdings (SLGN) upgraded to Neutral from Underweight at JPMorgan with analyst Tyler Langton saying he thinks improving volume trends in the company's food can and closures businesses, along with its flexibility to look at deals and buybacks given its de-levered balance sheet, should support the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ALV Autoliv
$73.14

1.16 (1.61%)

07/22/19
NORD
07/22/19
UPGRADE
NORD
Buy
Autoliv upgraded to Buy from Hold at Nordea
Nordea analyst Agnieszka Vilela upgraded Autoliv to Buy from Hold.
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.
04/29/19
NORD
04/29/19
DOWNGRADE
NORD
Hold
Autoliv downgraded to Hold from Buy at Nordea
PAGS PagSeguro Digital
$47.51

1.88 (4.12%)

07/22/19
FBCO
07/22/19
UPGRADE
FBCO
Neutral
PagSeguro Digital upgraded to Neutral from Underperform at Credit Suisse
07/17/19
07/17/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. PagSeguro Digital (PAGS) initiated with an Outperform at Evercore ISI. 2. Opera (OPRA) initiated with a Buy at B. Riley FBR. 3. Slack Technologies (WORK) initiated with a Neutral at Citi. 4. Jones Lang LaSalle (JLL) reinstated with an Overweight at JPMorgan. 5. Allison Transmission (ALSN) initiated with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/19
GUGG
07/12/19
NO CHANGE
Target $50
GUGG
Buy
PagSeguro Digital price target raised to $50 from $36 at Guggenheim
Guggenheim analyst Jeff Cantwell raised his estimates for PagSeguro Digital for the second half and for 2020 based on his analysis of SimilarWeb's April-June data, which indicated that POS checkout page traffic improved sequentially in Q2 and PagBank mobile app downloads surged in June. Given the indications of rising demand, he raised his price target on PagSeguro shares to $50 from $36 and keeps a Buy rating on the stock.
07/16/19
EVER
07/16/19
INITIATION
Target $65
EVER
Outperform
PagSeguro Digital initiated with an Outperform at Evercore ISI
Evercore ISI started PagSeguro Digital with an Outperform rating and a price target of $65.
STNE StoneCo
$35.80

1 (2.87%)

07/22/19
FBCO
07/22/19
UPGRADE
FBCO
Outperform
StoneCo upgraded to Outperform from Neutral at Credit Suisse
06/28/19
CANT
06/28/19
INITIATION
Target $33
CANT
Overweight
StoneCo initiated with an Overweight at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi initiated coverage of StoneCo with an Overweight rating and $33 price target. The company's "unique" business model positions it to gain market share in the "rapidly evolving" Brazil payment industry, Foresi tells investors in a research note. He believes StoneCo's strategy will drive results and multiple expansion.
06/28/19
CANT
06/28/19
INITIATION
Target $33
CANT
Overweight
StoneCo initiated with an Overweight at Cantor Fitzgerald
Cantor Fitzgerald initiated StoneCo with an Overweight and $33 price target.
06/10/19
GSCO
06/10/19
INITIATION
Target $37
GSCO
Buy
StoneCo initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Tito Labarta started StoneCo with a Buy rating and $37 price target. The analyst initiated coverage on Brazilian Financials with a cautious outlook on the banks, but a "more optimistic" view for non-bank financials. He thinks StoneCo can continue to grow earnings at a "well-above-average pace." The analyst expects the company to post annual earnings growth of 68% from 2018 to 2021. Stone operates in a market that can continue to grow at a double-digit pace, given the relatively low card penetration in Brazil, Labarta tells investors in a research note.

TODAY'S FREE FLY STORIES

EW

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4.45 (2.07%)

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ITW

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04:55
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NBIX

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$100.74

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04:55
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SIBN

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0.28 (1.41%)

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TXN

Texas Instruments

$126.70

-2.1 (-1.63%)

04:55
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CLDR

Cloudera

$9.00

0.33 (3.81%)

04:55
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  • 23

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IMAX

Imax

$21.83

0.04 (0.18%)

04:55
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  • 24

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KNSL

Kinsale Capital Group

$99.46

-1.68 (-1.66%)

04:55
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Conference/Events
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  • 23

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HKMPY

Hikma

$0.00

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04:55
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  • 23

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DNOW

NOW Inc.

$12.05

-0.055 (-0.45%)

04:55
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  • 23

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PRGO

Perrigo

$55.29

0.995 (1.83%)

04:55
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  • 23

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BRKR

Bruker

$43.62

0.06 (0.14%)

04:55
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  • 23

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BABA

Alibaba

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04:55
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ETSY

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SPOT

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UPS

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MTDR

Matador

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04:55
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BPOP

Popular

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04:55
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