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ARMK

Aramark

$40.50

3.43 (9.25%)

, SONO

Sonos

$12.75

0.85 (7.14%)

10:12
08/19/19
08/19
10:12
08/19/19
10:12

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Aramark (ARMK) upgraded to Buy from Neutral at Nomura Instinet and to Buy from Hold at Stifel. 2. Sonos (SONO) upgraded to Strong Buy from Outperform at Raymond James with analyst Adam Tindle saying he sees a "free option" on Sonos' product roadmap over the next few quarters as the company scales beyond its existing markets. 3. Deckers Brands (DECK) upgraded to Buy from Hold at Pivotal Research with analyst Mitch Kummetz saying there are now early indications that October/November weather could be favorable, which would suggest potential upside to Deckers' FY20 sales and gross margin guidance, adding that he continues to like what's happening with Hoka as brand momentum remains strong through the first half of the second quarter, with this being another source of potential upside to the year. 4. Aecom (ACM) double upgraded to Overweight from Equal Weight at Barclays with analyst Adam Seiden saying the company has among the lowest exposure to trade in his coverage and also has "an activist put." 5. ON Semiconductor (ON) double upgraded to Strong Buy from Market Perform at Raymond James with analyst Chris Caso citing reset expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ARMK

Aramark

$40.50

3.43 (9.25%)

SONO

Sonos

$12.75

0.85 (7.14%)

DECK

Deckers Brands

$138.02

3.69 (2.75%)

ACM

Aecom

$34.02

1.05 (3.18%)

ON

ON Semiconductor

$18.20

0.645 (3.68%)

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    Sep

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    Sep

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    Sep

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    Sep

ARMK Aramark
$40.50

3.43 (9.25%)

08/19/19
STFL
08/19/19
UPGRADE
Target $49
STFL
Buy
Stifel upgrades Aramark to Buy, says activist changes story 'materially'
As previously reported, Stifel analyst Shlomo Rosenbaum upgraded Aramark to Buy from Hold after activist fund Mantle Ridge disclosed on Friday night that it has built a 9.8% stake in the shares and a total economic interest of 20% including derivatives. Mantle Ridge CEO Paul Hilal has a track record of success and his involvement "changes the picture materially" for Aramark, argues Rosenbaum, who expects the activist to install a "first-class management team" and increase operational efficiency. He raised his price target on Aramark shares to $49 from $36.
08/19/19
NOMU
08/19/19
UPGRADE
Target $50
NOMU
Buy
Aramark upgraded to Buy at Nomura Instinet, price target raised to $50
Nomura Instinet analyst Dan Dolev upgraded Aramark to Buy from Neutral and raised his price target to $50 from $28. In a note entitled "O Activist Thanks for Showing Up," a follow up to his March report entitled "O Activist, Where Art Thou?," after Mantle Ridge and its associates disclosed a 20% combined stake in Aramark. Dolev updated his FY19 EPS expectations to $2.27 from $2.26 and his FY20 EPS expectations to $2.55 from $2.43.
08/19/19
NOMU
08/19/19
UPGRADE
NOMU
Buy
Aramark upgraded to Buy from Neutral at Nomura Instinet
08/19/19
STFL
08/19/19
UPGRADE
STFL
Buy
Aramark upgraded to Buy from Hold at Stifel
SONO Sonos
$12.75

0.85 (7.14%)

04/02/19
04/02/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with a Buy at Cross Research and a Sell at Seaport Global. 2. Dow Inc. (DOW) initiated with an Outperform at BMO Capital and Credit Suisse, an Overweight at Morgan Stanley, as well as a Buy at Deutsche Bank and BofA/Merrill. 3. Sonos (SONO) initiated with a Buy at DA Davidson. 4. Q2 Holdings (QTWO) initiated with an Outperform at William Blair. 5. Intuitive Surgical (ISRG) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/21/19
DADA
05/21/19
NO CHANGE
Target $20
DADA
Buy
Sonos's hiring of Anki engineers positive for its development, says DA Davidson
DA Davidson analyst Matt Summerville kept his Buy rating and $20 price target on Sonos, saying the company's confirmed Axios report that it hired engineering talent from defunct toy robot maker Anki is a positive. The analyst believes that the hiring is a "shrewd" decision by Sonos management and will have a positive impact on its development efforts. Summerville further cites Anki's "impressive accomplishments" of 6.5M device sales and over 19M mobile handsets connected, adding that the incremental development experience in hardware and software from the hiring could increase Sonos' useful lifetime of its hardware via software updates.
08/19/19
08/19/19
UPGRADE

Strong Buy
Sonos upgraded to Strong Buy as it scales to outside markets at Raymond James
As previously reported, Raymond James upgraded Sonos to Strong Buy from Market Perform and established a $19 price target. Analyst Adam Tindle sees a "free option" on Sonos' product roadmap over the next few quarters as the company scales beyond its existing markets. Tindle is encouraged by early IKEA partnership checks and thinks it could "prime the pump" for future Sonos purchases. The analyst anticipate further product announcements, one potentially at the end of August, that will further scale Sonos "outside the home."
08/19/19
RAJA
08/19/19
UPGRADE
RAJA
Strong Buy
Sonos upgraded to Strong Buy from Outperform at Raymond James
DECK Deckers Brands
$138.02

3.69 (2.75%)

07/26/19
SUSQ
07/26/19
NO CHANGE
Target $205
SUSQ
Positive
Deckers Brands price target raised to $205 from $180 at Susquehanna
Susquehanna analyst Sam Poser raised his price target on Deckers Brands to $205 from $180 following Q1 results. The analyst said the revised 2020 guidance does not fully reflect the handily beaten Q1 revenue and earnings expectations which he said is peculiar given the exceptional momentum behind the Ugg and Hoka brands. He said the strong results demonstrate that improved product and allocation/segmentation strategies are driving a successful pull model. Poser reiterated his Positive rating on Deckers Brands shares.
07/17/19
WEDB
07/17/19
NO CHANGE
Target $148
WEDB
Neutral
Deckers Brands price target raised to $148 from $138 at Wedbush
Wedbush analyst Christopher Svezia raised his price target for Deckers Brands to $148 from $138 given an increased buyback assumption and a slightly higher multiple. While Deckers Brands usually guides conservatively, current valuation reflects expectations for material upside in the face of mounting comparisons and heightened headwinds, he contends. The analyst reiterates a Neutral rating on the shares.
08/19/19
PIVT
08/19/19
UPGRADE
PIVT
Buy
Deckers Brands upgraded to Buy from Hold at Pivotal Research
08/19/19
PIVT
08/19/19
UPGRADE
Target $167
PIVT
Buy
Deckers Brands risk/reward favorable at current levels, says Pivotal Research
Pivotal Research analyst Mitch Kummetz upgraded Deckers Brands to Buy from Hold, saying he now views risk/reward as favorable at current levels. In a research note to investors, Kummetz says there are now early indications that October/November weather could be favorable, which would suggest potential upside to Deckers' FY20 sales and gross margin guidance, adding that he continues to like what's happening with Hoka as brand momentum remains strong through the first half of the second quarter, with this being another source of potential upside to the year. The analyst lowered his price target to $167 from $175.
ACM Aecom
$34.02

1.05 (3.18%)

08/19/19
LEHM
08/19/19
UPGRADE
LEHM
Overweight
Aecom upgraded to Overweight from Equal Weight at Barclays
06/18/19
FBCO
06/18/19
NO CHANGE
Target $39
FBCO
Neutral
Aecom price target raised to $39 from $32 at Credit Suisse
Credit Suisse analyst Jamie Cook raised his price target for Aecom to $39 from $32 after the company announced plans to spin off its Management Services segment in the second half of 2020. The analyst believes the announcement is a step in the right direction in terms of unlocking shareholder value as the spin is expected to re-rate its MS business closer to the Government IT Services sector which currently trades at about 14-times EBITDA. Cook reiterates a Neutral rating on the shares.
06/18/19
DBAB
06/18/19
NO CHANGE
Target $38
DBAB
Hold
Aecom price target raised to $38 from $34 at Deutsche Bank
Deutsche Bank analyst Chad Dillard raised his price target for Aecom to $38 from $34 after the company's board approved a plan to spinoff its management services business into a standalone government services business. The spin-off should be beneficial and better position the management teams to further focus on their respective businesses, Dillard tells investors in a research note. He maintains a Hold rating on Aecom shares.
08/19/19
LEHM
08/19/19
UPGRADE
Target $38
LEHM
Overweight
Aecom upgraded to Overweight from Underweight at Barclays
Barclays analyst Adam Seiden double upgraded Aecom to Overweight from Underweight stating that the company has among the lowest exposure to trade in his coverage and also has "an activist put." Meanwhile, he sees a separation or even sale of Management Services as increasingly likely, which he said could negate his concerns around cash flow. Seiden, who thinks the current premium being paid "for most things government services related" could potentially raise the stock's valuation further, has a $38 price target on Aecom shares.
ON ON Semiconductor
$18.20

0.645 (3.68%)

08/19/19
RAJA
08/19/19
UPGRADE
RAJA
Strong Buy
ON Semiconductor upgraded to Strong Buy from Market Perform at Raymond James
Raymond James analyst Chris Caso upgraded ON Semiconductor two notches to Strong Buy from Market Perform and established a $21 price target citing reset expectations. Caso said shares have returned to a "reasonable" valuation and views risk/reward as favorable despite macro and trade concerns.
08/06/19
LOOP
08/06/19
NO CHANGE
Target $23
LOOP
Buy
ON Semiconductor price target lowered to $23 from $28 at Loop Capital
Loop Capital analyst David Williams lowered his price target on ON Semiconductor to $23 after its "mixed" Q2 results with in-line earnings and below-consensus revenue and Q3 guidance. The analyst also keeps his Buy rating, saying the shortfall in Q2 was predominantly driven by additional operating expenses around Quantenna close, adding that the company's "core drivers remain intact" and will resurface once trade uncertainties are resolved. Williams further notes that ON Semi's channel inventory health is improving and its inventory burn is "nearly complete".
08/06/19
SBSH
08/06/19
NO CHANGE
Target $21
SBSH
Buy
ON Semiconductor price target lowered to $21 from $25 at Citi
Citi analyst Christopher Danely lowered his price target for ON Semiconductor to $21 from $25 after the company reported Q2 results below expectations and guided Q3 below consensus due to the "trade-war related issues plaguing the sector." The analyst reduced his estimates but reiterates a Buy rating on ON. He expects a recovery in semiconductors and "ON's business along with it."
07/01/19
SBSH
07/01/19
NO CHANGE
SBSH
Citi sees semiconductor sector trading higher on lift of Huawei ban
Citi analyst Christopher Danely expects the semiconductor sector to trade higher after President Trump over the weekend lifted the ban on selling to Huawei and stated the U.S. would not go through with the additional $300B in tariffs. The analyst maintains his positive stance on the group and keeps a Buy ratings on Broadcom (AVGO), Microchip (MCHP), ON Semiconductor (ON) and Texas Instruments (TXN).

TODAY'S FREE FLY STORIES

PLAN

Anaplan

$50.67

-0.13 (-0.26%)

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HWBK

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GRUB

GrubHub

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GRUB

GrubHub

$63.79

0.01 (0.02%)

12:31
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General news
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GRUB

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$63.80

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RLBD

Real Brands

$0.00

(0.00%)

, APHA

Aphria

$6.18

-0.1 (-1.59%)

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On The Fly
Rising High: An exclusive talk with CBD brand-building company Real Brands »

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RLBD

Real Brands

$0.00

(0.00%)

APHA

Aphria

$6.18

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ACB

Aurora Cannabis

$5.19

-0.075 (-1.42%)

CVSI

CV Sciences

$0.00

(0.00%)

CTST

CannTrust

$1.41

0.14 (11.02%)

CGC

Canopy Growth

$27.22

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CRON

Cronos Group

$10.50

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CANN

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$0.00

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IGC

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$1.15

0.075 (7.01%)

TLRY

Tilray

$29.90

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ZYNE

Zynerba

$7.94

-0.9 (-10.18%)

TCNNF

Trulieve Cannabis

$0.00

(0.00%)

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FDX

FedEx

$150.64

-0.27 (-0.18%)

12:27
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09/19
12:27
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12:27
Upgrade
FedEx rating change  »

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DVA

DaVita

$60.86

-0.44 (-0.72%)

12:26
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Chanos says DaVita has had no earnings growth since 2010 despite buybacks »

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TWTR

Twitter

$42.99

-0.24 (-0.56%)

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DVA

DaVita

$60.86

-0.44 (-0.72%)

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Berkshire Hathaway

$316,270.26

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BRK.B

Berkshire Hathaway

$210.64

-0.22 (-0.10%)

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PODD

Insulet

$151.33

3.29 (2.22%)

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A

Agilent

$77.92

0.35 (0.45%)

12:25
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WRK

WestRock

$36.38

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DVA

DaVita

$60.75

-0.55 (-0.90%)

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BX

Blackstone

$52.94

0.15 (0.28%)

, APO

Apollo Global

$41.02

0.335 (0.82%)

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APO

Apollo Global

$41.02

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WES

Western Midstream

$26.58

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KKR

KKR

$29.22

1.205 (4.30%)

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NEWM

New Media

$8.70

0.02 (0.23%)

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GOOG

Alphabet

$1,240.78

8.15 (0.66%)

, GOOGL

Alphabet Class A

$1,240.51

7.55 (0.61%)

12:20
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GOOG

Alphabet

$1,240.78

8.15 (0.66%)

GOOGL

Alphabet Class A

$1,240.51

7.55 (0.61%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.49

0.16 (0.14%)

12:20
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NEWM

New Media

$8.70

0.02 (0.23%)

12:17
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Cooperman highlights New Media, says shares yielding 9% »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
09/19/19
09/19
12:17
09/19/19
12:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
09/19/19
09/19
12:16
09/19/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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