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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

06:33
08/23/19
08/23
06:33
08/23/19
06:33

HP Inc. 'surprises' add uncertainty for investors, says Citi

Citi analyst Jim Suva said HP Inc. reported "good" Q3 results, but the conference call and details about the quarter presented "lot of surprises" that add uncertainty for investors. Following the report, he trimmed his FY20 EPS estimate, citing macro conditions and increased difficulties in the print industry. While he thinks HP will grow EPS in 2020, Suva said it won't be due to organic sales growth but mostly from buybacks and cost cutting. He lowered his price target on HP shares to $20 from $21 and keeps a Neutral rating on the stock.

  • 10

    Sep

HPQ HP Inc.
$18.91

-0.04 (-0.21%)

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.
08/20/19
SBSH
08/20/19
DOWNGRADE
SBSH
Neutral
HP Inc. downgraded to Neutral from Buy at Citi
Citi analyst Jim Suva downgraded HP Inc. to Neutral from Buy and lowered his price target to $21 from $25 due to mixed data points. The analyst said positive PC data points offset mixed Print data points and offer limited positive catalysts. Suva expects stronger near-term PC results due to demand pull through ahead of Q2 tariffs combined with easing chip component shortages, but notes a large partner of HP reduced laser supply expectations "drastically." Suva sees macro risks pressuring commercial purchases in PCs and Print as we move into 2020 and believes upside to estimates and multiples is limited.
08/20/19
08/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HP Inc. (HPQ) downgraded to Neutral from Buy at Citi with analyst Jim Suva saying positive PC data points offset mixed Print data points and offer limited positive catalysts. 2. Las Vegas Sands (LVS) downgraded to Hold from Buy at Argus with analyst John Staszak saying the stock should produce "limited growth" over the next 12 months. 3. Hain Celestial (HAIN) and McCormick (MKC) downgraded to Underweight from Neutral at JPMorgan. 4. Itron (ITRI) downgraded Outperform at Credit Suisse with analyst Pavel Molchanov saying having started the year on a "sour" note amid the margin headwinds from components tightness, the stock has shrugged off those issues and is currently at its highest level since early 2018. 5. BP Midstream (BPMP) downgraded to Neutral from Overweight at JPMorgan while Shell Midstream (SHLX) was downgraded to Underweight from Neutral. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/23/19
EVER
08/23/19
DOWNGRADE
Target $19
EVER
HP Inc. downgraded In Line at Evercore ISI
Evercore ISI analyst Amit Daryanani downgraded HP Inc to In Line from Outperform and cut the price target to $19 from $23.

TODAY'S FREE FLY STORIES

SLCT

Select Bancorp

$10.98

-0.04 (-0.36%)

17:38
09/17/19
09/17
17:38
09/17/19
17:38
Hot Stocks
Select Bancorp announces approves new stock repurchase plan »

Select Bancorp, the…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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AEO

American Eagle

$16.55

-0.44 (-2.59%)

17:33
09/17/19
09/17
17:33
09/17/19
17:33
Initiation
American Eagle initiated  »

American Eagle 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
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  • 25

    Sep

CACI

CACI

$216.89

0.91 (0.42%)

17:30
09/17/19
09/17
17:30
09/17/19
17:30
Upgrade
CACI rating change  »

CACI added to Conviction…

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  • 17

    Sep

ANF

Abercrombie & Fitch

$16.25

0.08 (0.49%)

17:29
09/17/19
09/17
17:29
09/17/19
17:29
Initiation
Abercrombie & Fitch initiated  »

Abercrombie & Fitch…

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  • 25

    Sep

FB

Facebook

$188.13

1.89 (1.01%)

, GOOG

Alphabet

$1,229.61

-1.75 (-0.14%)

17:28
09/17/19
09/17
17:28
09/17/19
17:28
Periodicals
U.S. antitrust regulators admit to 'squabbles' amid Big Tech probe, Reuters says »

U.S. regulators concede…

FB

Facebook

$188.13

1.89 (1.01%)

GOOG

Alphabet

$1,229.61

-1.75 (-0.14%)

AMZN

Amazon.com

$1,822.59

14.38 (0.80%)

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

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  • 20

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    Oct

T

AT&T

$37.16

-0.16 (-0.43%)

17:25
09/17/19
09/17
17:25
09/17/19
17:25
Hot Stocks
AT&T sees wireless service revenue growth continuing in second half of 2019 »

Randall Stephenson,…

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

    Oct

CDW

CDW

$113.91

0.94 (0.83%)

, TSS

TSYS

$132.86

-1.7 (-1.26%)

17:17
09/17/19
09/17
17:17
09/17/19
17:17
Hot Stocks
CDW to replace TSYS in S&P 500 at open on 9/23 »

Global Payments (GPN) is…

CDW

CDW

$113.91

0.94 (0.83%)

TSS

TSYS

$132.86

-1.7 (-1.26%)

GPN

Global Payments

$163.91

-2.21 (-1.33%)

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

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  • 17

    Sep

  • 13

    Nov

STBA

S&T Bancorp

$37.22

-0.17 (-0.45%)

17:16
09/17/19
09/17
17:16
09/17/19
17:16
Hot Stocks
S&T Bancorp board authorizes new $50M stock buyback »

The board of S&T…

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

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FDX

FedEx

$173.53

-0.14 (-0.08%)

17:12
09/17/19
09/17
17:12
09/17/19
17:12
Downgrade
FedEx rating change  »

FedEx downgraded to Hold…

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

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  • 17

    Sep

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    Sep

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    Sep

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    Oct

  • 13

    Nov

NEXT

NextDecade

$6.30

-0.1 (-1.56%)

17:10
09/17/19
09/17
17:10
09/17/19
17:10
Initiation
NextDecade initiated  »

NextDecade initiated with…

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

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TELL

Tellurian

$8.33

-0.1 (-1.19%)

17:10
09/17/19
09/17
17:10
09/17/19
17:10
Initiation
Tellurian initiated  »

Tellurian initiated with…

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

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

, MRK

Merck

$82.53

0.52 (0.63%)

17:06
09/17/19
09/17
17:06
09/17/19
17:06
Hot Stocks
NewLink Genetics says FDA accepts partnered BLA for ebola vaccine »

NewLink Genetics…

NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

MRK

Merck

$82.53

0.52 (0.63%)

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

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  • 17

    Sep

  • 20

    Sep

  • 24

    Sep

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    Sep

  • 02

    Oct

  • 03

    Oct

  • 29

    Oct

ESTC

Elastic

$93.80

2.15 (2.35%)

17:03
09/17/19
09/17
17:03
09/17/19
17:03
Hot Stocks
Elastic selected by New Zealands'The Warehouse for its customer service program »

Elastic N.V. announced…

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

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  • 16

    Dec

TOL

Toll Brothers

$40.68

-0.11 (-0.27%)

17:00
09/17/19
09/17
17:00
09/17/19
17:00
Hot Stocks
Toll Brothers CEO sells 25,000 common shares »

In a regulatory filing,…

03/08/13
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03/06/13
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WTR

Aqua America

$43.88

0.51 (1.18%)

16:56
09/17/19
09/17
16:56
09/17/19
16:56
Hot Stocks
Aqua America subsidiary to buy municipal wastewater system for $276.5M »

Aqua America announced…

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03/06/13
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INVH

Invitation Homes

$28.49

0.31 (1.10%)

16:54
09/17/19
09/17
16:54
09/17/19
16:54
Syndicate
Invitation Homes files to sell 44M shares of common stock for holders »

Morgan Stanley, Citigroup…

03/08/13
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MODN

Model N

$28.43

0.275 (0.98%)

, IQV

Iqvia

$152.93

2.14 (1.42%)

16:49
09/17/19
09/17
16:49
09/17/19
16:49
Hot Stocks
Model N names Suresh Kannan as Chief Product Officer »

Model N (MODN) announced…

MODN

Model N

$28.43

0.275 (0.98%)

IQV

Iqvia

$152.93

2.14 (1.42%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 27

    Sep

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    Oct

  • 12

    Nov

GWW

Grainger

$291.76

-4.29 (-1.45%)

16:49
09/17/19
09/17
16:49
09/17/19
16:49
Conference/Events
Grainger management to meet with Buckingham »

Meeting to be held in…

03/08/13
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03/06/13
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  • 24

    Sep

  • 23

    Oct

ACGL

Arch Capital

$40.89

0.33 (0.81%)

16:48
09/17/19
09/17
16:48
09/17/19
16:48
Conference/Events
Arch Capital management to meet with Buckingham »

Meeting to be held in…

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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  • 19

    Sep

TOL

Toll Brothers

$40.68

-0.11 (-0.27%)

16:47
09/17/19
09/17
16:47
09/17/19
16:47
Hot Stocks
Toll Brothers president Hartman sells over 40,000 common shares »

In a regulatory filing,…

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

KKR

$28.56

0.31 (1.10%)

16:45
09/17/19
09/17
16:45
09/17/19
16:45
Hot Stocks
VA Partners reports 8.8% stake in KKR »

In a regulatory filing,…

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03/06/13
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03/06/13
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  • 20

    Sep

ADBE

Adobe

$284.59

1.54 (0.54%)

16:44
09/17/19
09/17
16:44
09/17/19
16:44
Hot Stocks
Adobe down 3.5% at $274.65/share after reducing Digital Experience bookings view »

Shares of Adobe are…

03/08/13
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  • 17

    Sep

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    Oct

  • 27

    Oct

16:41
09/17/19
09/17
16:41
09/17/19
16:41
General News
API crude inventories for week of September 13 »

API reports that crude…

CAL

Caleres

$22.08

-0.71 (-3.12%)

16:35
09/17/19
09/17
16:35
09/17/19
16:35
Hot Stocks
Caleres appoints Angela Bass as Chief Human Resources Officer »

Caleres announced Angela…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 19

    Sep

  • 02

    Oct

CHSP

Chesapeake Lodging

$27.20

-0.2 (-0.73%)

, PK

Park Hotels & Resorts

$25.80

-0.32 (-1.23%)

16:34
09/17/19
09/17
16:34
09/17/19
16:34
Hot Stocks
Chesapeake Lodging completes sale of two new York hotels for $138M »

Chesapeake Lodging Trust…

CHSP

Chesapeake Lodging

$27.20

-0.2 (-0.73%)

PK

Park Hotels & Resorts

$25.80

-0.32 (-1.23%)

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

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