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OXY

Occidental Petroleum

$44.69

-0.35 (-0.78%)

05:49
08/23/19
08/23
05:49
08/23/19
05:49

Occidental Petroleum reinstated with a Hold at Jefferies

Jefferies analyst Jason Gammel reinstated Occidental Petroleum with a Hold and $47 price target due to high the high debt burden. Gammel said balance sheet repair is a priority and sees lower risk alternatives within the sector.

  • 27

    Aug

OXY Occidental Petroleum
$44.69

-0.35 (-0.78%)

08/13/19
JPMS
08/13/19
DOWNGRADE
Target $50
JPMS
Underweight
Occidental reinstated with an Underweight from Neutral at JPMorgan
JPMorgan analyst Phil Gresh reinstated coverage of Occidental Petroleum following a period of restriction and downgraded the shares to Underweight from Neutral with a price target of $50, down from $74. 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, Gresh tells investors in a research note. The company's estimated 2021 free cash flow to enterprise value yield of 5.2% at $60 per barrel Brent is still not compelling enough to compensate investors for its elevated dividend as a percentage of free cash flow, says the analyst.
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.
08/19/19
LEHM
08/19/19
INITIATION
Target $61
LEHM
Equal Weight
Occidental Petroleum initiated with an Equal Weight at Barclays
Barclays analyst Jeanine Wai initiated Occidental Petroleum (OXY) with an Equal Weight rating and $61 price target, citing her view that its deleveraging path will be "a bumpy one. She believes it is most likely that Occidental exceeds its divestiture target and prefers ConocoPhillips (COP), which she initiated with an Overweight rating.
08/19/19
08/19/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. NXP Semiconductors (NXPI) initiated with an Outperform at Raymond James. 2. AMD (AMD) initiated with a Neutral at Piper Jaffray. 3. Sunnova Energy (NOVA) initiated with an Overweight at JPMorgan, as well as a Buy at Goldman Sachs and BofA/Merrill. 4. Chevron (CVX), Hess Corp. (HES), and ConocoPhillips (COP) initiated with Overweight ratings at Barclays while Exxon Mobil (XOM) and Occidental Petroleum (OXY) initiated with Equal Weight ratings. 5. Castle Biosciences (CSTL) initiated with an Outperform at SVB Leerink and Baird, as well as a Buy at Canaccord and BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

APOG

Apogee Enterprises

$41.18

-0.38 (-0.91%)

06:34
09/17/19
09/17
06:34
09/17/19
06:34
Earnings
Apogee Enterprises reaffirms FY20 EPS view $3.00-$3.20, consensus $3.05 »

Reaffirms FY20 revenue…

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    Sep

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    Sep

MDGL

Madrigal Pharmaceuticals

$99.50

4.89 (5.17%)

06:34
09/17/19
09/17
06:34
09/17/19
06:34
Recommendations
Madrigal Pharmaceuticals analyst commentary  »

Madrigal Pharmaceuticals…

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SFTBF

SoftBank

$0.00

(0.00%)

, UBER

Uber

$34.42

1.18 (3.55%)

06:32
09/17/19
09/17
06:32
09/17/19
06:32
Periodicals
SoftBank backers consider slashing committments to Vision Fund, Bloomberg says »

The biggest backers of…

SFTBF

SoftBank

$0.00

(0.00%)

UBER

Uber

$34.42

1.18 (3.55%)

WE

We Company

$0.00

(0.00%)

03/08/13
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SSI

Stage Stores

$0.85

0.0298 (3.63%)

06:32
09/17/19
09/17
06:32
09/17/19
06:32
Hot Stocks
Stage Stores announces plans to convert substantially all stores to off-price »

Stage Stores announced…

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APOG

Apogee Enterprises

$41.18

-0.38 (-0.91%)

06:31
09/17/19
09/17
06:31
09/17/19
06:31
Earnings
Apogee Enterprises reports Q2 EPS 72, consensus 64c »

Reports Q2 revenue…

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  • 17

    Sep

  • 18

    Sep

  • 23

    Sep

IAC

IAC

$229.23

1.71 (0.75%)

06:30
09/17/19
09/17
06:30
09/17/19
06:30
Initiation
IAC initiated  »

IAC initiated with a Buy…

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  • 10

    Oct

AMRN

Amarin

$17.26

0.55 (3.29%)

, MDCO

The Medicines Co.

$48.74

0.99 (2.07%)

06:29
09/17/19
09/17
06:29
09/17/19
06:29
Recommendations
Citi puts Amarin and Sarepta on top five SMid cap biotech pick list »

Citi analyst Joel Beatty…

AMRN

Amarin

$17.26

0.55 (3.29%)

MDCO

The Medicines Co.

$48.74

0.99 (2.07%)

NERV

Minerva

$8.12

0.12 (1.50%)

SRPT

Sarepta

$87.02

1.01 (1.17%)

ELOX

Eloxx Pharmaceuticals

$6.45

0.1 (1.57%)

NGM

NGM Biopharmaceuticals

$15.85

-0.15 (-0.94%)

PTCT

PTC Therapeutics

$42.99

0.16 (0.37%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 28

    Sep

MRVL

Marvell

$25.39

-0.46 (-1.78%)

06:28
09/17/19
09/17
06:28
09/17/19
06:28
Hot Stocks
SEC says Marvell Technology to pay $5.5M to settle disclosure-related charges »

The Securities and…

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ANGI

Angi Homeservices

$7.91

-0.075 (-0.94%)

, GOOG

Alphabet

$1,231.36

-8.24 (-0.66%)

06:28
09/17/19
09/17
06:28
09/17/19
06:28
Initiation
Angi Homeservices, Alphabet, Alphabet Class A initiated  »

Angi Homeservices…

ANGI

Angi Homeservices

$7.91

-0.075 (-0.94%)

GOOG

Alphabet

$1,231.36

-8.24 (-0.66%)

GOOGL

Alphabet Class A

$1,231.45

-8.68 (-0.70%)

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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  • 24

    Sep

  • 27

    Oct

MTCH

Match Group

$76.70

1.74 (2.32%)

06:26
09/17/19
09/17
06:26
09/17/19
06:26
Initiation
Match Group initiated  »

Match Group 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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LPL

LG Display

$6.42

-0.01 (-0.16%)

, AAPL

Apple

$219.88

1.17 (0.53%)

06:26
09/17/19
09/17
06:26
09/17/19
06:26
Periodicals
LG Display plans voluntary redundancy program, Reuters reports »

LG Display (LPL) plans to…

LPL

LG Display

$6.42

-0.01 (-0.16%)

AAPL

Apple

$219.88

1.17 (0.53%)

03/08/13
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03/06/13
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GOLD

Barrick Gold

$17.11

-0.11 (-0.64%)

06:24
09/17/19
09/17
06:24
09/17/19
06:24
Hot Stocks
Barrick Gold says Acacia Mining scheme becomes effective »

On July 19, the Boards of…

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LXRP

Lexaria Bioscience

$0.00

(0.00%)

06:22
09/17/19
09/17
06:22
09/17/19
06:22
Hot Stocks
Lexaria Bioscience says TurboCBD capsule study results published »

Lexaria Bioscience…

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IFNNY

Infineon

$0.00

(0.00%)

, SNPS

Synopsys

$133.17

-1.45 (-1.08%)

06:20
09/17/19
09/17
06:20
09/17/19
06:20
Hot Stocks
Infineon enters collaboration with Synopsys »

Infineon Technologies AG…

IFNNY

Infineon

$0.00

(0.00%)

SNPS

Synopsys

$133.17

-1.45 (-1.08%)

03/08/13
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  • 26

    Sep

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EADSY

Airbus

$0.00

(0.00%)

06:19
09/17/19
09/17
06:19
09/17/19
06:19
Periodicals
Airbus doesn't see major 2019 impact from tariffs, Reuters reports »

Possible U.S. tariffs…

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EVER

EverQuote

$24.73

2.33 (10.40%)

06:18
09/17/19
09/17
06:18
09/17/19
06:18
Downgrade
EverQuote rating change  »

EverQuote downgraded to…

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03/06/13
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DHI

D.R. Horton

$49.04

-0.45 (-0.91%)

06:15
09/17/19
09/17
06:15
09/17/19
06:15
Recommendations
D.R. Horton analyst commentary  »

D.R. Horton price target…

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MDCO

The Medicines Co.

$48.74

0.99 (2.07%)

06:15
09/17/19
09/17
06:15
09/17/19
06:15
Downgrade
The Medicines Co. rating change  »

The Medicines Co.…

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DBSDY

DBS Group

$0.00

(0.00%)

06:14
09/17/19
09/17
06:14
09/17/19
06:14
Downgrade
DBS Group rating change  »

DBS Group downgraded to…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$300.20

-0.87 (-0.29%)

06:12
09/17/19
09/17
06:12
09/17/19
06:12
Periodicals
Trump says U.S., Japan reach initial trade agreement, NY Times reports »

President Trump says that…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$300.20

-0.87 (-0.29%)

03/08/13
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03/06/13
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03/06/13
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DUNDF

Dream Global REIT

$0.00

(0.00%)

06:12
09/17/19
09/17
06:12
09/17/19
06:12
Downgrade
Dream Global REIT rating change  »

Dream Global REIT…

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RTN

Raytheon

$204.06

5.24 (2.64%)

06:12
09/17/19
09/17
06:12
09/17/19
06:12
Downgrade
Raytheon rating change  »

Raytheon downgraded to…

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  • 11

    Oct

ORTX

Orchard Therapeutics

$15.44

0.38 (2.52%)

06:10
09/17/19
09/17
06:10
09/17/19
06:10
Initiation
Orchard Therapeutics initiated  »

Orchard Therapeutics…

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SNE

Sony

$59.95

-0.42 (-0.70%)

06:10
09/17/19
09/17
06:10
09/17/19
06:10
Hot Stocks
Sony rejects activist investor's call to spin off image sensor business »

Sony has rejected a…

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  • 30

    Sep

  • 01

    Oct

  • 02

    Oct

  • 03

    Oct

XLRN

Acceleron

$44.67

0.75 (1.71%)

06:09
09/17/19
09/17
06:09
09/17/19
06:09
Recommendations
Acceleron analyst commentary  »

Acceleron price target…

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  • 17

    Oct

  • 17

    Oct

  • 04

    Dec

  • 04

    Apr

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