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NEE

NextEra Energy

$215.02

-0.34 (-0.16%)

, D

Dominion

$75.29

0.92 (1.24%)

14:18
08/13/19
08/13
14:18
08/13/19
14:18

California AG says 22 states filed suit challenging repeal of Clean Power Plan

California Attorney General Xavier Becerra, Governor Gavin Newsom, and Air Resources Board Chair Mary Nichols - as part of a coalition of 22 states, the District of Columbia, and six local governments - filed a lawsuit challenging the Trump Administration's repeal of the Clean Power Plan and its replacement rule, the so-called Affordable Clean Energy Rule. "President Trump's attempt to gut our nation's Clean Power Plan is foolish. It's also unlawful. His fossil fuel protection plan fails everyone who stands for cleaner air. And it fails our economy, which depends on clean energy now more than ever," said Attorney General Becerra. Publicly traded energy utilities include NextEra Energy (NEE), Dominion (D), Duke Energy (DUK), Southern Company (SO), American Electric (AEP), Exelon (EXC), Sempra Energy (SRE), Xcel Energy (XEL), Consolidated Edison (ED), PSEG (PEG), PG&E (PCG) and Edison International (EIX). Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CNX Resources (CNX) and Peabody Energy (BTU) and Cloud Peak Energy (CLDP). Reference Link

NEE

NextEra Energy

$215.02

-0.34 (-0.16%)

D

Dominion

$75.29

0.92 (1.24%)

DUK

Duke Energy

$89.80

0.32 (0.36%)

SO

Southern Company

$57.75

-0.94 (-1.60%)

AEP

American Electric

$90.36

0.01 (0.01%)

EXC

Exelon

$45.66

0.45 (1.00%)

SRE

Sempra Energy

$137.23

0.06 (0.04%)

XEL

Xcel Energy

$61.42

-0.09 (-0.15%)

ED

Consolidated Edison

$86.82

0.1 (0.12%)

PEG

PSEG

$57.69

0.44 (0.77%)

PCG

PG&E

$17.07

0.33 (1.97%)

EIX

Edison International

$73.02

-0.06 (-0.08%)

ACI

Arch Coal

$0.00

(0.00%)

ANR

Alpha Natural

$0.00

(0.00%)

ARLP

Alliance Resource Partners

$14.85

0.155 (1.05%)

CNX

CNX Resources

$7.19

0.22 (3.16%)

BTU

Peabody Energy

$18.99

0.57 (3.09%)

CLDP

Cloud Peak Energy

$0.00

(0.00%)

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NEE NextEra Energy
$215.02

-0.34 (-0.16%)

08/13/19
MSCO
08/13/19
NO CHANGE
Target $234
MSCO
Overweight
NextEra Energy price target raised to $234 from $207 at Morgan Stanley
Morgan Stanley analyst Stephen Byrd said NextEra Energy is the beneficiary of "two powerful trends," namely cheap renewable energy and low interest rates. NextEra, a pioneer in the U.S. renewables sector, has consistently had a leading market share in both wind and solar and the company's return on invested capital for these areas has remained attractive over a very long period, said Byrd, who added that renewable technologies continue to drop in cost "at a rapid rate." Meanwhile, he contends that investors do not fully appreciate that NextEra is one of the biggest indirect beneficiaries from a "lower for longer" interest rate world, Byrd stated. Given these two factors, he raised his price target on NextEra shares to $234 from $207 and keeps an Overweight rating on the stock.
08/13/19
LEHM
08/13/19
DOWNGRADE
Target $218
LEHM
Equal Weight
NextEra Energy downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Eric Beaumont downgraded NextEra Energy to Equal Weight from Overweight with an unchanged price target of $218.
08/13/19
08/13/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Pampa Energia (PAM) downgraded to Equal Weight from Overweight at Morgan Stanley and to Neutral from Buy at BofA/Merrill. 2. NextEra Energy (NEE) and Xcel Energy (XEL) downgraded to Equal Weight from Overweight at Barclays. 3. Seadrill (SDRL) downgraded to Neutral from Buy at BTIG with analyst Gregory Lewis saying the company emerged from bankruptcy with too much debt, and its options to increase liquidity are costlier today than they were last year owing to increasing concerns about the pace of the recovery of offshore drilling. 4. Occidental downgraded to Underweight from Neutral at JPMorgan with analyst Phil Gresh reinstated coverage of Occidental Petroleum following a period of restriction and downgraded the shares to Underweight from Neutral, saying despite the 33% stock price decline since before the Anadarko deal was announced, Occidental's total return potential of 15% is roughly half that of the peer group. 5. SPX Flow (FLOW) downgraded to Neutral from Buy at Seaport Global with analyst Walt Liptak saying he believes that the company will be impacted by sector slowing in its Food & Beverage and Industrial segments. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/13/19
LEHM
08/13/19
DOWNGRADE
Target $218
LEHM
Equal Weight
Barclays downgrades NextEra Energy to Equal Weight after outperformance
Barclays analyst Eric Beaumont downgraded NextEra Energy to Equal Weight from Overweight with an unchanged price target of $218. The analyst continues to see NextEra as a "premium company with top-tier" earnings growth. However, since late 2018, the shares have meaningfully outperformed peers, says the analyst. He believes a neutral rating better reflects the current risk/reward in the shares.
D Dominion
$75.29

0.92 (1.24%)

08/07/19
MSCO
08/07/19
INITIATION
Target $81
MSCO
Equal Weight
Dominion resumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Stephen Byrd resumed coverage of Dominion with an Equal Weight rating and $81 price target, citing his view that the stock reflects pessimism on two fronts. The first of those, fears about a low probability of success in completing its large Atlantic Coast Pipeline project, is warranted, Byrd contends. The second, namely pessimism about the quality of Dominion's gas infrastructure business, is unwarranted, as the "very high quality" of these assets is not adequately reflected in the stock, argues Byrd.
08/01/19
FBCO
08/01/19
UPGRADE
Target $82
FBCO
Outperform
Dominion upgraded to Outperform with $82 price target at Credit Suisse
Credit Suisse analyst Michael Weinstein upgraded Dominion Energy to Outperform from Neutral while lowering his price target for the shares to $82 from $83. The analyst sees "compelling value" and lower risk following the company's Q2 results.
08/01/19
FBCO
08/01/19
UPGRADE
FBCO
Outperform
Dominion upgraded to Outperform from Neutral at Credit Suisse
08/01/19
WOLF
08/01/19
UPGRADE
WOLF
Outperform
Dominion upgraded to Outperform from Peer Perform at Wolfe Research
DUK Duke Energy
$89.80

0.32 (0.36%)

02/15/19
FBCO
02/15/19
DOWNGRADE
Target $88
FBCO
Neutral
Duke Energy downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Michael Weinstein downgraded Duke Energy to Neutral from Outperform and lowered his price target to $88 from $89 following the "lower quality earnings mix" within the new five-year guidance. In a research note to investors, Weinstein says 2019 and forward EPS growth will reflect at least 16c per share more Commercial Renewable tax credits than w expected, offset by (10c) lower regulated utility earnings than he had previously modeled. Additionally, he expects Duke's smaller CR pipeline will likely produce uneven and "lumpy" future results that will come under pressure as tax credit programs sunset through 2023.
05/20/19
JPMS
05/20/19
NO CHANGE
Target $90
JPMS
Neutral
JPMorgan still cautious on Duke Energy despite share pullback
JPMorgan analyst Christopher Turnure says he remains cautious on shares of Duke Energy despite the recent selloff. South Carolina's regulatory environment "has taken a turn for the worse after recent DEP and DEC rulings, and the ACP project remains in limbo," Turnure tells investors in a research note. The analyst sees further risk to estimates and lowered his price target for Duke shares to $90 from $91. He keeps a Neutral rating on the name.
05/13/19
BOFA
05/13/19
DOWNGRADE
BOFA
Underperform
Duke Energy downgraded to Underperform from Neutral at BofA/Merrill
06/04/19
KEYB
06/04/19
INITIATION
KEYB
Sector Weight
Duke Energy initiated with a Sector Weight at KeyBanc
KeyBanc analyst Sophie Karp started Duke Energy with a Sector Weight rating, saying the nearly 2x discount the stock trades at relative to its peer group is likely to persist near term due to ACP challenges and uncertainty around regulatory outcomes in the Carolinas.
SO Southern Company
$57.75

-0.94 (-1.60%)

02/22/19
02/22/19
UPGRADE
Target $52

In Line
Southern Company upgraded to In Line on valuation at Evercore ISI
As previously reported, Evercore upgraded Southern Company to In Line from Underperform and raised its price target to $52 from $45. Analyst Greg Gordon cites fair valuation for the rating change.
02/22/19
EVER
02/22/19
UPGRADE
EVER
In Line
Southern Company upgraded to In Line from Underperform at Evercore ISI
06/13/19
MZHO
06/13/19
NO CHANGE
Target $55
MZHO
Neutral
Southern Company price target raised to $55 from $48.50 at Mizuho
Mizuho analyst Paul Fremont raised his price target for Southern Company to $55 from $48.50 while keeping a Neutral rating on the shares. The staff of the Georgia Public Service Commission is expected to provide positive feedback when it comments on the Southern re-baseline of the Vogtle project in July, Fremont tells investors in a research note. He believes the staff filing will acknowledge progress made by Southern on increasing the earned man hours and in reducing delays in the company's turnover performance.
06/04/19
KEYB
06/04/19
INITIATION
KEYB
Sector Weight
Southern Company initiated with a Sector Weight at KeyBanc
KeyBanc analyst Sophie Karp started Southern Company with a Sector Weight, saying that while the stock is trading at a "sizable discount" relative to its peer group average, the company faces "regulatory turnover and sizable rate cases" in three of its jurisdictions. Karp believes that Southern Company shares offer "limited potential for multiple expansion" in the near term.
AEP American Electric
$90.36

0.01 (0.01%)

04/08/19
GSCO
04/08/19
NO CHANGE
GSCO
Goldman Sachs more cautious on Utilities due to 'stretched valuations'
Goldman Sachs analysts Michael Lapides and Insoo Kim are more cautious on Americas Utilities due to "stretched valuations" across the utility sector. The analysts now see negative 2% total return across their utilities coverage. Following the Utilities SPDR (XLU) ~11% outperformance versus the S&P 500 since the start of Q4 2018, the group now trades at a 20% premium to the market, Lapides and Kim tells investors in a research note. The analysts removed NextEra Energy (NEE) from their firm's Conviction List but remain Buy-rated, upgraded NiSource (NI) to Buy from Neutral on less uncertainty regarding the Greater Lawrence incident, upgraded OGE Energy (OGE) to Neutral from Sell on valuation, downgraded WEC Energy (WEC) to Sell from Neutral, upgraded Avangrid (AGR) to Neutral from Sell, and downgraded American Electric Power (AEP) to Neutral from Buy.
04/18/19
MSCO
04/18/19
DOWNGRADE
MSCO
Equal Weight
American Electric downgraded to Equal Weight from Overweight at Morgan Stanley
06/04/19
KEYB
06/04/19
INITIATION
KEYB
Sector Weight
American Electric initiated with a Sector Weight at KeyBanc
KeyBanc analyst Sophie Karp started American Electric Power with a Sector Weight rating saying the story is "well-understood" and that the stock is trading in line with the sector.
04/18/19
MSCO
04/18/19
DOWNGRADE
Target $87
MSCO
Equal Weight
Morgan Stanley shifts utility preference, downgrades American Electric
As previously reported, Morgan Stanley analyst Stephen Byrd downgraded American Electric Power (AEP) to Equal Weight from Overweight as he sees limited room for further multiple expansion in the 2019-2020 timeframe after the stock's discount to the group has narrowed. The analyst, who paired his downgrade of American Electric with an upgrade of Entergy (ETR), said American Electric's "modest upside" falls closer to the middle of the range among the stocks he covers. Byrd edged up his price target on American Electric shares to $87 from $86.
EXC Exelon
$45.66

0.45 (1.00%)

07/25/19
KEYB
07/25/19
NO CHANGE
KEYB
FERC ruling ends near-term anxiety about PJM auction, KeyBanc says
After the Federal Energy Regulatory Commission directed PJM Interconnection not to run the Base Residual Auction in August, KeyBanc analyst Sophie Karp said the ruling ends near-term anxiety around the potential outcome of the auction. The analyst, who does not think the path forward will be "speedy or efficient," thinks PJM companies may be incentivised to seek compensation for their capacity via alternative mechanisms. She noted that PSEG (PEG) has previously indicated it might lean on the New Jersey BGS auction more heavily and Illinois state lawmakers debated the creation of a separate capacity market in the state.
08/13/19
LEHM
08/13/19
UPGRADE
Target $52
LEHM
Overweight
Exelon upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Eric Beaumont upgraded Exelon to Overweight from Equal Weight while lowering his price target for the shares to $52 from $54.
08/13/19
LEHM
08/13/19
UPGRADE
Target $52
LEHM
Overweight
Barclays upgrades Exelon to Overweight, sees revaluation potential
Barclays analyst Eric Beaumont upgraded Exelon to Overweight from Equal Weight while lowering his price target for the shares to $52 from $54. The utility continues to show "solid growth," backed by the 7.8% expected rate base growth and continued closing of earned to allowed return on equity gap at Pepco Holdings, Beaumont tells inventors in a research note. He sees "significant potential" for a stock revaluation as a short-term overreaction to power prices normalizes.
08/13/19
08/13/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. PayPal (PYPL) upgraded to Neutral from Sell at Guggenheim with analyst Jeff Cantwell saying the 11% pullback since July 26 has brought the stock below the analyst's previous price target of $104. 2. Exelon (EXC) and CenterPoint Energy (CNP) upgraded to Overweight from Equal Weight at Barclays. 3. The Stars Group (TSG) upgraded to Buy from Hold at Desjardins with analyst Maher Yaghi citing yesterday's decline in the stock after the company gave lower than expected guidance, calling yesterday's 19% pullback "excessive." 4. Credicorp (BAP) upgraded to Overweight from Neutral at JPMorgan and to Buy from Hold at HSBC. 5. MercadoLibre (MELI) upgraded to Overweight from Neutral at JPMorgan with analyst Andre Baggio saying the stock yesterday declined 10%, mostly on investor concerns on the political environment in Argentina, which could lead to policy discontinuity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SRE Sempra Energy
$137.23

0.06 (0.04%)

08/13/19
08/13/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Simply Good Foods (SMPl) initiated with an Outperform at Bernstein. 2. AMD (AMD) and Intel (INTC) initiated with a Hold at Loop Capital. 3. Cronos Group (CRON) initiated with an Overweight at Piper Jaffray. 4. Medallia (MDLA) initiated with an Outperform at William Blair, Wells Fargo, and Oppenheimer, a Buy at Roth Capital, Needham, and BofA/Merrill, as well as a Neutral at Credit Suisse and Citi. 5. Sempra Energy (SRE) initiated with an Equal Weight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/27/19
BOFA
06/27/19
DOWNGRADE
BOFA
Neutral
Sempra Energy downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith downgraded Sempra Energy to Neutral with a $142 price target citing share outperformance and moderating expectations on expedited CA legislation by the July 12 deadline combined with a potential credit downgrade.
06/27/19
06/27/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FactSet (FDS) downgraded to Sell from Neutral at Goldman Sachs with analyst George Tong saying he believes FactSet faces "secular challenges" in the financial services end-market due to the implementation of MiFID II and the ongoing shift from active to passive asset management. 2. Travelers (TRV) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying the commercial Property & Casualty sector is "largely overvalued" due to an intra-sector exodus from more rate-sensitive financials into P&C insurance stocks. 3. Sempra Energy (SRE) downgraded to Neutral from Buy at BofA/Merrill with analyst Julien Dumoulin-Smith citing share outperformance and moderating expectations on expedited CA legislation by the July 12 deadline combined with a potential credit downgrade. 4. W. R. Berkley (WRB) downgraded to Sell from Hold at Deutsche Bank with analyst Joshua Shanker saying investors are mistaking the appreciation in Property and Casualty insurance stocks as the "fruit of renewal rate pricing increases in the P&C market." 5. Ross Stores (ROST) and Nordstrom (JWN) downgraded to Sell from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/13/19
LEHM
08/13/19
INITIATION
Target $142
LEHM
Equal Weight
Sempra Energy initiated with an Equal Weight at Barclays
Barclays analyst Eric Beaumont started Sempra Energy with an Equal Weight rating and $142 price target. Sempra represents an attractive opportunity to gain exposure to a "top-tier" management team and the best parts of North American energy, Beaumont tells investors in a research note. However, the stock's outperformance year-to-date has brought shares to fair value, adds the analyst.
XEL Xcel Energy
$61.42

-0.09 (-0.15%)

08/13/19
LEHM
08/13/19
DOWNGRADE
Target $64
LEHM
Equal Weight
Barclays downgrades Xcel Energy to Equal Weight on 'premium' valuation
Barclays analyst Eric Beaumont downgraded Xcel Energy to Equal Weight from Overweight with an unchanged price target of $64. The analyst continues to see Xcel as a "premium company" with 5%-7% "long-term low-risk" earnings growth. However, based on the current "premium" valuation, he believes a neutral rating better reflects the risk/reward in the shares.
06/04/19
KEYB
06/04/19
INITIATION
KEYB
Overweight
Xcel Energy initiated with an Overweight at KeyBanc
KeyBanc analyst Sophie Karp started Xcel Energy with an Overweight rating and $62 price target. The analyst likes the company's "non-controversial growth story underpinned by its capital plan" and called it a premium name in the firm's coverage.
08/13/19
LEHM
08/13/19
DOWNGRADE
Target $64
LEHM
Equal Weight
Xcel Energy downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Eric Beaumont downgraded Xcel Energy to Equal Weight from Overweight with an unchanged price target of $64.
ED Consolidated Edison
$86.82

0.1 (0.12%)

04/26/19
04/26/19
UPGRADE
Target $94

Buy
Consolidated Edison upgraded to Buy on valuation, catalysts at BofA/Merrill
As previously reported, BofA/Merrill upgraded Consolidated Edison to Buy from Neutral with a $94 price target. Analyst Julien Dumoulin-Smith said shares trade at a "meaningful discount" and sees several catalysts ahead including de-risking of the New York rate case filing as staff commentary supports higher capex levels, transmission capex upside, wet transmission opportunities, and more nascent transmission opportunities.
04/26/19
BOFA
04/26/19
UPGRADE
BOFA
Buy
Consolidated Edison upgraded to Buy from Neutral at BofA/Merrill
06/04/19
KEYB
06/04/19
INITIATION
KEYB
Sector Weight
Consolidated Edison initiated with a Sector Weight at KeyBanc
KeyBanc analyst Sophie Karp started Consolidated Edison with a Sector Weight rating, calling the business "stable," with "little potential for surprises in either direction."
07/16/19
MZHO
07/16/19
NO CHANGE
Target $91
MZHO
Neutral
Consolidated Edison political overhang from outage may linger, says Mizuho
Consolidated Edison's equipment failed on Saturday, causing a power outage for 73,000 customers on the West Side of Manhattan, Mizuho analyst Anthony Crowdell tells investors in a research note. Con Edison is currently in the midst of an electric and gas rate proceeding in New York, and the "political overhang may last longer than the power outage," adds the analyst. He keeps a Neutral rating on the shares with a $91 price target.
PEG PSEG
$57.69

0.44 (0.77%)

08/13/19
LEHM
08/13/19
INITIATION
Target $63
LEHM
Overweight
PSEG initiated with an Overweight at Barclays
Barclays analyst Eric Beaumont started PSEG with an Overweight rating and $63 price target. PSEG is a premium utility with above-average rate base growth and a high level of "contemporaneous" return on capital investments, Beaumont tells investors in a research note. The analyst estimates more than $56 of share value in just PSE&G, its largest subsidiary. PSEG is "simply undervalued," says Beaumont.
07/19/19
BOFA
07/19/19
DOWNGRADE
Target $65
BOFA
Neutral
BofA downgrades PSEG to Neutral, sees more trouble in PJM power market
As previously reported, BofA Merrill Lynch analyst Julien DuMoulin-Smith downgraded PSEG to Neutral from Buy following industry conversations that reaffirmed his caution around oversupply on the PJM power market. He still has concerns about downward pressure on PJM capacity prices next month and has less confidence in a sustained recovery in PJM prices, the analyst said. He maintains his $65 price target on PSEG shares.
07/29/19
SBSH
07/29/19
DOWNGRADE
Target $61
SBSH
Neutral
PSEG downgraded to Neutral from Buy at Citi
Citi analyst Praful Mehta downgraded PSEG to Neutral from Buy with an unchanged price target of $61. The analyst reduced his Power valuation to reflect the lower PJM forward curves. The drop in forward curves is driven by fundamental demand/supply dynamics and gas prices, Mehta tells investors in a research note. The analyst says he waits to hear how PSEG "looks to tackle weaker market dynamics."
PCG PG&E
$17.07

0.33 (1.97%)

06/21/19
MSCO
06/21/19
NO CHANGE
MSCO
Equal Weight
California proposal only a 'partial fix' for PG&E, says Morgan Stanley
After Bloomberg reported yesterday that California Governor Gavin Newsom is encouraging the state's legislature to adopt several of the Wildfire Commission's recommendations, including a liquidity fund seeded by at least $10B in Department of Water Resources bonds and $7.5B in utility equity contributions, Morgan Stanley analyst Stephen Byrd said he thinks the plan outlined in the report is only a "partial fix" and would not be satisfactory for large institutional equity investors, for whom some type of cap on future liability is critical. The analyst, who thinks long-term investors will likely require more steps than those outlined in the Bloomberg report before buying PG&E shares, keeps an Equal Weight rating on the stock.
06/28/19
WOLF
06/28/19
DOWNGRADE
WOLF
Peer Perform
PG&E downgraded to Peer Perform from Outperform at Wolfe Research
07/01/19
MZHO
07/01/19
NO CHANGE
MZHO
Buy
Mizuho views changes to California bill as 'constructive' for state utilities
Early Friday morning the California Senate released their changes to AB 1054 which addresses the wildfire risk for each of the state's utilities, Mizuho analyst Paul Fremont tells investors in a research note. The analyst views the changes as "constructive" for the California utilities. Utilities will fund $7.5B of the $18B Wildfire Mitigation fund, and will be able to get recovery, but not a return on, $5B worth of wildfire mitigation capital expenditures, the analyst points out. Further, until PG&E (PCG) emerges from bankruptcy, which is expected in March 2020, the Wildfire Mitigation Fund will only pay out 40% of allowed claims, adds Fremont. He keeps a Buy rating on Edison International (EIX) and Neutral rating on PG&E.
06/20/19
BOFA
06/20/19
UPGRADE
Target $13
BOFA
Neutral
Bloom Energy upgraded to Neutral from Underperform at BofA/Merrill
BofA Merrill Lynch analyst Julien Dumoulin-Smith upgraded Bloom Energy (BE) to Neutral from Underperform as he sees shares being supported by shifting trends in its core California markets amid proactive deenergizations by PG&E (PCG) as well as more broadly across the U.S. East Coast. Following a call with Generac (GNRC) that pointed to a meaningful inflection in California customers' demand for stand-by generators, the analyst expects increased demand for Bloom's micro-grid solution, he said. He also thinks the increased focus and need for reliability with the 5G build-out for major telecom companies will support demand for Bloom products, the analyst added. He has a $13 price target on Bloom Energy shares.
EIX Edison International
$73.02

-0.06 (-0.08%)

06/10/19
MZHO
06/10/19
NO CHANGE
Target $75
MZHO
Buy
Edison International price target raised to $75 from $72 at Mizuho
Mizuho analyst Paul Fremont raised his price target for Edison International to $75 from $72 after "substantially increasing" his 2019-20 earnings estimates to reflect the company's earnings guidance presentation. He keeps a Buy rating on the shares.
06/06/19
SBSH
06/06/19
NO CHANGE
SBSH
Buy
Citi found CA Assembly Utilities Committee hearing positive for PG&E
Citi analyst Praful Mehta found increased acknowledgement by a number of members that wildfire costs do need to be socialized across a number of group at yesterday's California Assembly Utilities Committee hearing. This acknowledgement, rather than a singular focus on holding the utility accountable, is a "step towards a constructive solution," Mehta tells investors in a research note. He continues to believe legislation will be passed this session and that it will "follow the path of least resistance." Mehta views the hearing as positive and remains constructive on shares of PG&E (PCG) and Edison International (EIX). He keeps a Buy rating on PG&E with a $33 price target.
06/04/19
UBSW
06/04/19
UPGRADE
Target $72
UBSW
Buy
Edison International upgraded to Buy from Neutral at UBS
UBS analyst Daniel Ford upgraded Edison International to Buy from Neutral and raised his price target for the shares to $72 from $67. The analyst sees improving regulatory and legislative visibility in California with progress toward wildfire legislation for 2019 and changes at the California Public Utilities Commission. While failure to pass wildfire legislation in 2019 could provide downside, shares of Edison are pricing in $7B of new equity and a 10% discount for strict liability to buffer this risk, Ford tells investors in a research note.
ACI Arch Coal
$0.00

(0.00%)

ANR Alpha Natural
$0.00

(0.00%)

ARLP Alliance Resource Partners
$14.85

0.155 (1.05%)

07/29/19
GHSC
07/29/19
DOWNGRADE
GHSC
Neutral
Alliance Resource Partners downgraded to Neutral from Buy at Seaport Global
07/17/19
RILY
07/17/19
DOWNGRADE
Target $20
RILY
Neutral
Alliance Resource Partners downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Lucas Pipes downgraded Alliance Resource Partners to Neutral from Buy and lowered his price target for the shares to $20 from $22. The analyst cites the company's "disappointing" sales volumes in Q2 for the downgrade.
07/17/19
07/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Micro Focus (MFGP) downgraded to Sell from Neutral at Goldman Sachs. 2. Wells Fargo (WFC) downgraded to Neutral from Outperform at Macquarie. 3. Alliance Resource Partners (ARLP) downgraded to Neutral from Buy at B. Riley FBR with analyst Lucas Pipes citing the company's "disappointing" sales volumes in Q2 for the downgrade. 4. 58.com (WUBA) downgraded to Neutral from Outperform at Credit Suisse. 5. Ralph Lauren (RL), Levi Strauss (LEVI), and PVH Corp. (PVH) downgraded to Sell from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/29/19
GHSC
07/29/19
DOWNGRADE
GHSC
Neutral
Seaport Global downgrades Alliance Resource Partners to Neutral on weak view
As previously reported, Seaport Global analyst Mark Levin downgraded Alliance Resource Partners to Neutral from Buy after the company reported quarterly results that were much weaker than expected and management cut its full-year shipment and exports guidance. Given depressed export market conditions and low natural gas prices, he thinks there is at least some possibility the company's distribution coverage falls below 1.0x in calendar 2020, Levin tells investors.
CNX CNX Resources
$7.19

0.22 (3.16%)

01/29/19
RHCO
01/29/19
NO CHANGE
RHCO
SunTrust lowers price targets on Energy E&P names on continued oil volatility
SunTrust analyst Welles Fitzpatrick has lowered his price target on select energy exploration and production companies as part of his broader sector note, citing rig count declines, volatile oil prices, and low visibility from delayed 2019 guidance to Q4 earnings. The analyst lowers the price target on Noble Energy (NBL) to $32 from $42 and Extraction Oil & Gas (XOG) to $10 from $22, adding that along with Range Resources (RRC), these companies are "candidates for deceleration". Fitzpatrick also lowered his price target on Anadarko Petroleum (APC) to $55 from $70, HighPoint Resources (HPR) to $5 from $8, SRC Energy (SRCI) to $9 from $14, and PDC Energy (PDCE) to $57 from $65.
09/11/18
GSCO
09/11/18
DOWNGRADE
Target $14
GSCO
Sell
Goldman says CNX valuation premium too high, downgrades to Sell
Goldman Sachs analyst John Nelson downgraded CNX Resources to Sell with a $14 price target. The stock's valuation premium relative to Appalachian Exploration & Production peers is too high, Nelson tells investors in a research note. He believes that a reduced share buyback pace and a shift of investor focus towards CNX's "weakening" balance sheet will drive a mean reversion of the stock's year-to-date price outperformance. The analyst views CNX's risk/reward profile as "relatively unattractive" as we sees 6% downside to his $14 12-month price target.
12/05/18
MKMP
12/05/18
INITIATION
Target $19
MKMP
Buy
CNX Resources initiated with a Buy at MKM Partners
MKM Partners analyst John Gerdes started CNX Resources with a Buy rating and $19 price target.
02/01/19
TUDR
02/01/19
DOWNGRADE
TUDR
Hold
CNX Resources downgraded to Hold from Buy at Tudor Pickering
BTU Peabody Energy
$18.99

0.57 (3.09%)

08/06/19
JEFF
08/06/19
DOWNGRADE
Target $18
JEFF
Hold
Peabody Energy downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Lafemina downgraded Peabody Energy to Hold from Buy and lowered his price target for the shares to $18 from $27. A number of negative catalysts have emerged for miners, including the escalation of trade wars, devaluation of the yuan and tightening measures in the Chinese property market, Lafemina tells investors in a research note. Most miners have been relying on capital returns to attract investors, prioritizing dividends and share buy backs over new investments, says the analyst. However, he now expects declining earnings and free cash flow to drive declining capital returns, thereby removing a source of support for the stocks.
05/24/19
MKMP
05/24/19
NO CHANGE
Target $38
MKMP
Buy
Warrior Met Coal price target raised to $38 from $33 at MKM Partners
MKM Partners analyst Daniel Scott raised his price target on Warrior Met Coal (HCC) to $38 and kept his Buy rating as part of his broader research note titled "Coking Coal Staying Strong." The analyst maintains his multi-quarter view that the market for coking coal is "resilient" and demand is experiencing "continued strength" amid slow supply response from producers in Australia, U.S., and Canada. Scott adds that the $200 per metric ton price level is close to becoming a "new normal", while noting that valuation on the coking coal stocks is still "well below mid-cycle ranges". As part of his research note, the analyst also raises his FY19 and FY20 revenue and EBITDA forecasts for Peabody Energy (BTU) and Teck Resources (TECK).
04/01/19
DBAB
04/01/19
INITIATION
Target $33
DBAB
Buy
Peabody Energy initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli initiated coverage of Peabody Energy with a Buy rating and $35 price target. While coal faces some headwinds from the negative sentiment, the main attraction towards the stock is cash flow as the company benefits from a "strong" balance sheet post the restructuring in the last downturn, Santarelli tells investors in a research note. He views Peabody Energy's capital management program as attractive.
04/10/19
MKMP
04/10/19
NO CHANGE
Target $40
MKMP
Buy
Peabody Energy price target lowered to $40 from $44 at MKM Partners
MKM Partners analyst Daniel Scott lowered his price target on Peabody Energy to $40 going into its Q1 earnings, saying that while the coking coal side of its business looks "strong", the "seaborne thermal prices have fallen dramatically." The analyst also notes that while the management is bridging the production gap amid recovery efforts at North Goonyella with Shoal Creek, his model calls for a lowering of estimates and price target. At current valuation however, Scott believes that Peabody Enegy still has "meaningful upside" and keeps his Buy rating on the stock.
CLDP Cloud Peak Energy
$0.00

(0.00%)

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LLY

Eli Lilly

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Vista Outdoor

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Intuit

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Pivotal Software

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Carbon Black

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HP Inc.

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Raven

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VMware

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Ross Stores

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Gap

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HAS

Hasbro

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TLND

Talend

$39.24

0.12 (0.31%)

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Talend CEO: We solve the first mile in the data journey »

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BA

Boeing

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FAA intends to test Boeing MAX software on newer pilots, Reuters says »

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Deutsche Bank

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S&P 500

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, SPY

SPDR S&P 500 ETF Trust

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Periodicals
Kudlow says U.S., Chinese negotiators held productive trade talks, Reuters says »

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S&P 500

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SPDR S&P 500 ETF Trust

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Alphabet

$1,188.53

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Alphabet Class A

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Google disabled 210 YouTube channels related to ongoing Hong Kong protests »

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Facebook

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TWTR

Twitter

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Nuance

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Nuance files Form 10 registration statement for planned spin-off of Cerence »

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Salesforce

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Revolution Lighting

$0.34

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Revolution Lighting discloses additional delisting determination from Nasdaq »

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Iberiabank

$70.16

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RMNI

Rimini Street

$4.77

-0.11 (-2.25%)

, ORCL

Oracle

$53.18

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San Fang Chemical switches to Rimini Street support for Oracle EBS »

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Rimini Street

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ORCL

Oracle

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Salesforce

$148.26

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Salesforce says Customer 360 will be huge growth driver over next decade »

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AAC

AAC Holdings

$0.60

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AAC Holdings discloses NYSE listing notice »

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Fed Balance Sheet Level data reported »

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

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HP Inc. says notebooks accounted for 39% of revenue in Q3 »

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Money Supply M2 Weekly Change data reported »

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TRPX

Therapix Biosciences

$2.35

(0.00%)

17:27
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Syndicate
Breaking Syndicate news story on Therapix Biosciences »

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GLD

SPDR Gold Shares

$141.38

-0.36 (-0.25%)

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SPDR Gold Shares holdings rise to 854.84MT to 851.91MT »

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