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AMD

AMD

$34.17

0.23 (0.68%)

, BAC

Bank of America

$28.33

-0.05 (-0.18%)

08:55
08/12/19
08/12
08:55
08/12/19
08:55

Notable open interest changes for August 12th

Friday's total option volume of 19.7 million contracts resulted in net open interest growth of 2.77 million calls and 2.46 million puts. Advanced Micro (AMD), Bank of America (BAC), Apple (AAPL) and Uber (UBER) saw the greatest growth. Top five new positions opened include 37k Bank of America (BAC) Jan-20 33 calls, 22k Encana (ECA) Aug-19 6 calls, 20k Vale (VALE) Aug-19 11 puts, 17k Advanced Micro (AMD) Aug-19 36.5 calls and 15k Encana (ECA) Aug-19 6 puts.

AMD

AMD

$34.17

0.23 (0.68%)

BAC

Bank of America

$28.33

-0.05 (-0.18%)

AAPL

Apple

$200.99

-1.72 (-0.85%)

UBER

Uber

$40.05

-2.93 (-6.82%)

  • 27

    Aug

  • 06

    Sep

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    Sep

  • 16

    Oct

AMD AMD
$34.17

0.23 (0.68%)

08/12/19
MZHO
08/12/19
NO CHANGE
Target $36
MZHO
Neutral
AMD second half of 2019 estimates look optimistic, says Mizuho
Mizuho analyst Vijay Rakesh believes AMD's (AMD) EPYC 2 benchmarks "show significant potential" versus Intel's (INTC) 14nm Cascale Lake with a number of key partners out of the gate. However, the analyst thinks near-term expectations for AMD are optimistic. While AMD is looking for a big Q4 ramp, potential pricing, share and capacity challenges could be headwinds to meeting consensus estimates in the second half of 2019, Rakesh tells investors in a research note. As such, the analyst keeps a Neutral rating on AMD with a $36 price target. The stock closed Friday up 27c to $34.19.
08/09/19
RBCM
08/09/19
NO CHANGE
Target $44
RBCM
Outperform
AMD announcement with Cray didn't get attention it deserved, says RBC Capital
RBC Capital analyst Mitch Steves said the focus during AMD's (AMD) launch event was clearly on Google Cloud (GOOGL) and enterprise wins with HPE (HPE) and Dell (DELL), but he contends that the company's announcement with Cray (CRAY) "did not get the attention it deserved." Looking at the build of materials for the Cray products, the combined content for AMD is likely around 25% and he "wouldn't be surprised to see 15-20%" of the $1B in bookings go to AMD, said Steves, who raised his "Street high" price target on AMD shares to $44 from $43 and keeps an Outperform rating on the stock.
08/08/19
JEFF
08/08/19
NO CHANGE
Target $40
JEFF
Buy
Jefferies has more conviction in AMD after second generation launch
AMD announced launched the first 7nm EPYC second generation "Rome" processors and announced deployment at Google, Twitter, HPE, Lenovo, Dell and Cray, Jefferies analyst Mark Lipacis tells investors in a research note. With this launch, the analyst has "higher conviction" that AMD is on track to gain its targeted double digit market share in the higher margin sever markets. He expects AMD will have a one-year transistor lead in its 7nm server and desktop MPUs, noting those ramp in the second half of 2019. He reiterates a Buy rating on AMD with a $40 price target.
08/12/19
COWN
08/12/19
NO CHANGE
Target $42
COWN
Outperform
AMD price target raised to $42, remains a top pick at Cowen
Cowen analyst Matthew Ramsay raised his price target on AMD to $42 from $40 and said it remains a top pick following recent investor meetings. The analyst said with solid execution, the path to material share gains is clear as the meeting highlighted company leadership, performance, power and pricing. Ramsay said AMD remains a top pick and he reiterated his Outperform rating on AMD shares.
BAC Bank of America
$28.33

-0.05 (-0.18%)

06/18/19
06/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bank of America (BAC) upgraded to Outperform from Market Perform at BMO Capital with analyst James Fotheringham expecting upward consensus estimates revisions and a "multiple re-rating" to drive 34% total return in the shares. 2. SunPower (SPWR), SunRun (RUN) upgraded to Buy from Neutral as SolarEdge (SEDG) upgraded to Neutral from Sell at Goldman Sachs with analyst Brian Lee anticipating "volume tailwinds" in the second half of 2019 given the recent signs of strength in the sector's financing environment. 3. CNH Industrial (CNHI) upgraded to Hold from Sell at Deutsche Bank with analyst Chad Dillard saying he's turning positive on North America large agriculture. 4. U.S. Cellular (USM), Telephone and Data (TDS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Simon Flannery stating that he sees both stocks as "very attractively valued" with each down over 20% from their recent peak levels. 5. Prosperity Bancshares (PB) upgraded to Market Perform from Underperform at Raymond James with analyst Michael Rose saying the LegacyTexas Financial (LTXB) transaction provides meaningful scale in some of the most attractive markets in the country. 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
WELS
06/28/19
NO CHANGE
WELS
Market Perform
Impacts of Bank of America decision manageable for First Data, says Wells Fargo
Wells Fargo analyst Timothy Willi sees three potential outcomes as Bank of America (BAC) reportedly weighs the exit of its joint venture with First Data (FDC). The joint venture can be dissolved, the terms can be renegotiated more favorably for Bank of America, and/or Bank of America can acquire an increased ownership of the venture, Willi tells investors in a research note. The current agreement ends in June 2020 and any party wishing to terminate must give one year notice, the analyst adds. While he believes that each of these scenarios could be an incremental negative for First Data, the analyst thinks the impacts are either "manageable or immaterial" in the context of a combined Fiserv (FISV), First Data. Willi has a Market Perform rating on First Data.
07/26/19
KBWI
07/26/19
UPGRADE
Target $260
KBWI
Outperform
Goldman Sachs upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded Goldman Sachs (GS) to Outperform from Market Perform and raised his price target for the shares to $260 from $225. The analyst, who also upgraded Citi (C) and Bank of America (BAC) today to Outperform, raised the Universal Bank group to Overweight from Market Weight as he believes the economic cycle will be extended following rate cuts from the Federal Reserve. Further, the current valuations for the group are attractive "as we are not as late cycle as feared," Kleinhanzl tells investors in a research note. He also expects rotation back to financial stocks after investors have reduced allocations to the group. Investors should position for better macro conditions with a focus on owning money center banks and select brokers, says Kleinhanzl.
07/26/19
KBWI
07/26/19
UPGRADE
Target $36
KBWI
Outperform
Bank of America upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded Bank of America to Outperform from Market Perform and raised his price target for the shares to $36 from $32. The analyst raised the Universal Bank group to Overweight from Market Weight as he believes that the economic cycle will be extended following Federal Reserve rate cuts. Further, the current valuations for the group are attractive "as we are not as late cycle as feared," Kleinhanzl tells investors in a research note. He also expects rotation back to financial stocks after investors have reduced allocations to the group. Investors should position for better macro conditions with a focus on owning money center banks and select brokers, says Kleinhanzl.
AAPL Apple
$200.99

-1.72 (-0.85%)

08/09/19
CHLM
08/09/19
DOWNGRADE
Target $28
CHLM
Hold
Synaptics downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum analyst Anthony Stoss downgraded Synaptics (SYNA) to Hold from Buy and cut his price target to $28 from $38 after the company cut its guidance for fiscal 2020 significantly. In a research note to investors, Stoss says that while Synaptics is improving its gross margins and reducing opex, revenue is being impacted by Huawei issues and share shift at Apple (AAPL) away from LCD to OLED. The analyst thinks Synaptics' mobile business could be at risk of further declines given stiff competition in TDDI/DDIC solutions for both OLED and LCD, and sees the loss of Apple as a "real possibility" as rumors suggest Apple will move entirely to OLED phones for its CY20 iPhone models.
08/09/19
DADA
08/09/19
NO CHANGE
Target $48
DADA
Buy
Yelp CFO departure another indication of possible sale, says DA Davidson
DA Davidson analyst Tom Forte views the upcoming departure of CFO Lanny Baker as "another indication that Yelp (YELP) may be sold." Forte believes the company could be worth as much as $60 per share in a buyout. Yelp in afternoon trading is up 8%, or $2.93, to $37.76. Of the companies he covers, Forte says Yelp is the most likely to be sold given the low price of its shares, the involvement of an activist, and its strategic value to potential acquirers like Amazon.com (AMZN), Apple (AAPL), Facebook (FB) or Alphabet (GOOG, GOOGL). The analyst has a Buy rating on Yelp with a $48 price target.
08/08/19
DADA
08/08/19
NO CHANGE
Target $135
DADA
Buy
Roku price target raised to $135 from $110 at DA Davidson
DA Davidson analyst Tom Forte raised his price target on Roku (ROKU) to $135 and kept his Buy rating after its above-consensus Q2 results. The analyst says the company is "one of the pioneers" in the secular shift toward over-the-top video consumption with "massive" potential of content spending by Amazon (AMZN), Apple (AAPL), Disney (DIS), and Netflix (NFLX) enhancing Roku's platform.
08/08/19
08/08/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Apple (AAPL), Samsung (SSNLF), HP Enterprise (HPE), HP Inc. (HPQ), and Dell Technologies (DELL) initiated with an Equal Weight at Barclays. 2. Avalara (AVLR) initiated with an Outperform at William Blair. 3. BlueLinx (BXC) initiated with a Buy at B. Riley FBR. 4. Corning (GLW) initiated with an Overweight at Barclays while Seagate (STX) was initiated with an Underweight, and Western Digital (WDC) 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.
UBER Uber
$40.05

-2.93 (-6.82%)

08/09/19
ADAM
08/09/19
NO CHANGE
Target $55
ADAM
Buy
Uber growth fueled by continued rideshare adoption, says Canaccord
Canaccord analyst Michael Graham said Uber's Q2 results showed strong growth and a solid EBITDA growth. The analyst said he is encouraged by continued expansion of the user base, a more constructive pricing environment for the US rides business, and apparent pricing power evidenced by new fees for Eats. Graham reiterated his Buy rating and $55 price target on Uber shares.
08/09/19
LEHM
08/09/19
NO CHANGE
Target $50
LEHM
Overweight
Uber quarter positive 'under the scorched-earth rubble,' says Barclays
For those investors looking "under the scorched-earth rubble," there are actually some positive things going on at Uber Technologies, Barclays analyst Ross Sandler tells investors in a post-earnings research note. Stripping out one-time initial public offering-related driver payments, core Rides adjusted net revenue accelerated to 20% year-over-year, says the analyst. He thinks "risk-seeking, opportunistic" investors should take advantage of any weakness into Uber's lock-up expiration. Sandler keeps a Buy rating on Uber with a $50 price target.
08/09/19
COWN
08/09/19
NO CHANGE
Target $60
COWN
Outperform
Uber price target raised to $60 from $58 at Cowen
Cowen analyst John Blackledge raised his price target on Uber to $60 from $58 following strong Q2 results fueled by rising take rates at both Rides and Eats. The analyst said guidance was positive on topline and EBITDA. Blackledge reiterated his Outperform rating on Uber shares.
08/09/19
GSCO
08/09/19
NO CHANGE
Target $56
GSCO
Buy
Goldman Sachs keeps Buy rating on Uber after above consensus Q2 profitability
Goldman Sachs analyst Heath Terry said Uber's Q2 gross bookings were in-line with consensus forecasts and its adjusted EBITDA beat consensus. The company also gave initial FY19 guidance that bracketed consensus for gross bookings and was better than consensus for adjusted EBITDA losses, noted Terry. He continues sees a favorable risk/reward in owning the leader in ride-hailing and keeps a Buy rating and $56 price target on Uber after its quarterly report.

TODAY'S FREE FLY STORIES

DECK

Deckers Brands

$134.33

1.39 (1.05%)

06:49
08/19/19
08/19
06:49
08/19/19
06:49
Upgrade
Deckers Brands rating change  »

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  • 13

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EL

Estee Lauder

$179.26

3.89 (2.22%)

06:48
08/19/19
08/19
06:48
08/19/19
06:48
Earnings
Estee Lauder sees FY20 adjusted EPS $5.90-$5.98, consensus $5.81 »

Reported net sales are…

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  • 19

    Aug

EL

Estee Lauder

$179.26

3.89 (2.22%)

06:47
08/19/19
08/19
06:47
08/19/19
06:47
Earnings
Estee Lauder sees Q1 adjusted EPS $1.56-$1.59, consensus $1.55 »

Reported net sales are…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
Barclays

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  • 19

    Aug

EL

Estee Lauder

$179.26

3.89 (2.22%)

06:45
08/19/19
08/19
06:45
08/19/19
06:45
Earnings
Estee Lauder reports Q4 EPS 64c, consensus 53c »

Reports Q4 revenue…

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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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  • 19

    Aug

BAC

Bank of America

$27.04

0.79 (3.01%)

, C

Citi

$63.46

2.13 (3.47%)

06:45
08/19/19
08/19
06:45
08/19/19
06:45
Periodicals
Updated Volcker Rule expected this week, WSJ reports »

An updated Volcker Rule…

BAC

Bank of America

$27.04

0.79 (3.01%)

C

Citi

$63.46

2.13 (3.47%)

JPM

JPMorgan

$107.73

2.52 (2.40%)

USB

U.S. Bancorp

$52.25

0.99 (1.93%)

WFC

Wells Fargo

$44.40

1.01 (2.33%)

GS

Goldman Sachs

$199.39

3.2 (1.63%)

MS

Morgan Stanley

$39.94

0.85 (2.17%)

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

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  • 04

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    Oct

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    Oct

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    Oct

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    Oct

  • 15

    Oct

  • 16

    Oct

  • 16

    Oct

  • 27

    Oct

PCG

PG&E

$14.30

-0.08 (-0.56%)

06:44
08/19/19
08/19
06:44
08/19/19
06:44
Periodicals
PG&E holds on to sole rights to devise chapter 11 exit plan, WSJ reports »

A U.S. Bankruptcy Court…

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

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LVGO

Livongo Health

$37.00

3.22 (9.53%)

06:42
08/19/19
08/19
06:42
08/19/19
06:42
Initiation
Livongo Health initiated  »

Livongo Health initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
Barclays

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  • 05

    Sep

ACM

Aecom

$32.97

0.53 (1.63%)

06:38
08/19/19
08/19
06:38
08/19/19
06:38
Upgrade
Aecom rating change  »

Aecom upgraded to…

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

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HCAT

Health Catalyst

$42.50

0.96 (2.31%)

06:37
08/19/19
08/19
06:37
08/19/19
06:37
Initiation
Health Catalyst initiated  »

Health Catalyst initiated…

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

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  • 22

    Aug

NYNY

Empire Resorts

$8.35

-0.145 (-1.71%)

06:37
08/19/19
08/19
06:37
08/19/19
06:37
Hot Stocks
Empire Resorts to be acquired by Kien Huat, Genting Malaysia for $9.74 per share »

Empire Resorts announced…

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

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DECK

Deckers Brands

$134.33

1.39 (1.05%)

06:36
08/19/19
08/19
06:36
08/19/19
06:36
Upgrade
Deckers Brands rating change  »

Deckers Brands upgraded…

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

    Sep

  • 25

    Sep

HCAT

Health Catalyst

$42.50

0.96 (2.31%)

06:35
08/19/19
08/19
06:35
08/19/19
06:35
Initiation
Health Catalyst initiated  »

Health Catalyst initiated…

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

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  • 22

    Aug

HCAT

Health Catalyst

$42.50

0.96 (2.31%)

06:33
08/19/19
08/19
06:33
08/19/19
06:33
Initiation
Health Catalyst initiated  »

Health Catalyst initiated…

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

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  • 22

    Aug

HCAT

Health Catalyst

$42.50

0.96 (2.31%)

06:32
08/19/19
08/19
06:32
08/19/19
06:32
Initiation
Health Catalyst initiated  »

Health Catalyst initiated…

03/08/13
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03/08/13
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03/06/13
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03/06/13
Barclays

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  • 22

    Aug

HCAT

Health Catalyst

$42.50

0.96 (2.31%)

06:31
08/19/19
08/19
06:31
08/19/19
06:31
Initiation
Health Catalyst initiated  »

Health Catalyst initiated…

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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

WLL

Whiting Petroleum

$8.61

0.36 (4.36%)

06:30
08/19/19
08/19
06:30
08/19/19
06:30
Downgrade
Whiting Petroleum rating change  »

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  • 27

    Aug

  • 08

    Oct

  • 09

    Oct

ARCC

Ares Capital

$18.63

0.27 (1.47%)

06:29
08/19/19
08/19
06:29
08/19/19
06:29
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Ares Capital rating change  »

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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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CTVA

Corteva

$30.25

1.84 (6.48%)

06:26
08/19/19
08/19
06:26
08/19/19
06:26
Upgrade
Corteva rating change  »

Corteva upgraded to Buy…

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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FB

Facebook

$183.42

0.78 (0.43%)

, ACN

Accenture

$193.19

3.675 (1.94%)

06:25
08/19/19
08/19
06:25
08/19/19
06:25
Periodicals
Facebook content moderation firm sought counseling details, The Intercept says »

A Facebook (FB) content…

FB

Facebook

$183.42

0.78 (0.43%)

ACN

Accenture

$193.19

3.675 (1.94%)

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

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  • 15

    Sep

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  • 26

    Sep

  • 27

    Oct

PROS

ProSight

$18.71

-0.5 (-2.60%)

06:23
08/19/19
08/19
06:23
08/19/19
06:23
Initiation
ProSight initiated  »

ProSight initiated with a…

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

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AAPL

Apple

$206.44

4.71 (2.33%)

06:23
08/19/19
08/19
06:23
08/19/19
06:23
Periodicals
Apple CEO Cook has met Trump 'at least' 5 times in a year, BI reports »

Apple CEO Tim Cook has…

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

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POL

PolyOne

$31.01

0.73 (2.41%)

06:21
08/19/19
08/19
06:21
08/19/19
06:21
Earnings
PolyOne raises FY19 adj. EPS view to up 6%-8% from up 4%-6%, consensus $2.54 »

Guidance reflects the…

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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  • 23

    Sep

AMZN

Amazon.com

$1,791.82

16.72 (0.94%)

06:20
08/19/19
08/19
06:20
08/19/19
06:20
Periodicals
Amazon beats IRS appeal in U.S. tax dispute, Reuters reports »

Amazon on Friday defeated…

03/08/13
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03/08/13
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03/06/13
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03/06/13
Barclays

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  • 27

    Oct

ARMK

Aramark

$37.07

-0.07 (-0.19%)

06:19
08/19/19
08/19
06:19
08/19/19
06:19
Upgrade
Aramark rating change  »

Aramark upgraded to Buy…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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AMGN

Amgen

$203.95

4.74 (2.38%)

06:19
08/19/19
08/19
06:19
08/19/19
06:19
Downgrade
Amgen rating change  »

Amgen downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 09

    Sep

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