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WDAY

Workday

$188.57

3.3 (1.78%)

, DELL

Dell Technologies

$46.31

1.01 (2.23%)

14:09
08/29/19
08/29
14:09
08/29/19
14:09

Notable companies reporting after market close

Notable companies reporting after the market close, with earnings consensus, include Workday (WDAY), consensus 35c... Dell Technologies (DELL), consensus $1.47... Ulta Beauty (ULTA), consensus $2.80... Cooper Companies (COO), consensus $3.17... Marvell Technology (MRVL), consensus 15c.

WDAY

Workday

$188.57

3.3 (1.78%)

DELL

Dell Technologies

$46.31

1.01 (2.23%)

ULTA

Ulta Beauty

$335.69

5.3 (1.60%)

COO

Cooper Companies

$331.26

10.42 (3.25%)

MRVL

Marvell

$24.41

0.85 (3.61%)

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    Aug

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    Sep

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    Sep

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    Sep

  • 26

    Sep

WDAY Workday
$188.57

3.3 (1.78%)

08/26/19
RBCM
08/26/19
INITIATION
Target $225
RBCM
Outperform
Workday assumed with an Outperform at RBC Capital
RBC Capital analyst Alex Zukin assumed coverage of Workday with a maintained Outperform rating and a price target of $225 ahead of its Q2 results. The analyst notes that while his channel checks for the quarter have come back "mixed", he is positive on the company's market leading position in enterprise software and believes that the growth story on the stock will remain "durable".
08/22/19
MZHO
08/22/19
INITIATION
Target $225
MZHO
Buy
Workday initiated with a Buy at Mizuho
As previously reported, Mizuho analyst Siti Panigrahi initiated Workday (WDAY) with a Buy rating and a price target of $225 as part of his broader research note into the cloud HCM software sector. The analyst contends that similar to Salesforce's (CRM) front-office suite, the company's product is "well positioned" to become the "de-facto cloud vendor" for the back office applications, also achieving a dominant position in the next-gen enterprise application segment.
08/21/19
MZHO
08/21/19
INITIATION
Target $225
MZHO
Buy
Workday initiated with a Buy at Mizuho
Mizuho analyst Siti Panigrahi initiated Workday with a Buy rating and $225 price target.
08/19/19
COWN
08/19/19
NO CHANGE
Target $160
COWN
Outperform
Cowen cautious on software group, favors Splunk
Cowen analyst J. Derrick Wood said he is cautious on the software group at the margin with regards to macro risks emerging but he remains bullish on Splunk heading into Q2 earnings. The analyst said channel checks have been bullish on the demand environment and he thinks the strength in its enterprise business should more than offset a softer government quarter off of a tough comp. He views guidance as conservative and sees a good degree of upside. Wood reiterated his Outperform rating and $160 price target on Splunk shares.
DELL Dell Technologies
$46.31

1.01 (2.23%)

08/19/19
DBAB
08/19/19
NO CHANGE
Target $60
DBAB
Buy
Dell Technologies price target lowered to $60 from $62 at Deutsche Bank
Deutsche Bank analyst Jeriel Ong lowered his price target for Dell Technologies to $60 from $62 and maintained a Buy rating, saying that across the semiconductor, hardware, and networking verticals, his firm has observed cautious macro commentary that leads him to believe that a more conservative forecast for Dell estimates is reasonable and warranted. The analyst lowered his his EPS estimates for FY20/FY21 by ~3% with the revenue changes exclusively in Dell's ISG segment, predominantly within Storage where he now forecasts y/y revenue declines in FY20, but some within Servers & Networking as well. While Ong says he sees Dell as a long-term share gainer in the market, he feels that a company with a revenue line of ~$90B+ is unlikely to be immune to a weakening broader macro spending dynamic.
08/26/19
FBCO
08/26/19
DOWNGRADE
Target $15
FBCO
Neutral
Pivotal Software downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Brad Zelnick downgraded Pivotal Software (PVTL) to Neutral from Outperform and lowered his price target for the shares to $15 from $20. Given VMware's (VMW) partnership with Pivotal and Dell Technologies' (DELL) combined interest, the analyst does not see a competing takeover bid emerging.
08/21/19
BMOC
08/21/19
NO CHANGE
Target $160
BMOC
Outperform
VMware price target lowered to $160 from $198 at BMO Capital
BMO Capital analyst Keith Bachman lowered his price target on VMware (VMW) to $160 to reflect the "formidable" headwinds seen in on-premise spending, noting that the company's Q4 ramp guidance is unlikely to be realized. The analyst also contends that VMWare's deal with Pivotal Software (PVTL) comes with "governance issues" and conflicts of interest related to Dell (DELL), which may weigh on the company's multiple expansion. Bachman still keeps his Outperform rating on VMware and sees its core compute and management businesses remaining "healthy".
08/23/19
BOFA
08/23/19
NO CHANGE
BOFA
Stronger Carbon Black a longer-term risk for Crowdstrike, says BofA/Merrill
BofA Merrill Lynch analyst Tal Liani said he sees the acquisition of Carbon Black (CBLK) by VMware (VMW) as a "slight potential negative" for CrowdStrike (CRWD) longer-term, although he believes CrowdStrike remains the EPP market leader. A stronger Carbon Black is a risk longer-term, as the two companies go head-to-head, and he sees some potential risk to CrowdStrike relationship with Dell (DELL) based on the VMware/Dell relationship and management's commentary, Liani said.
ULTA Ulta Beauty
$335.69

5.3 (1.60%)

08/23/19
OTRG
08/23/19
DOWNGRADE
OTRG
Mixed
Update: Ulta Beauty downgraded to Mixed following checks at OTR Global
As previously reported, OTR Global downgraded Ulta Beauty to Mixed from Positive. The firm's checks suggest Q2 supplier's sales plan attainment deteriorated due to increased competition and expects Ulta to increase some supplier margin requirements in 2020.
08/23/19
OTRG
08/23/19
DOWNGRADE
OTRG
Mixed
Ulta Beauty downgraded to Mixed from Positive at OTR Global
07/25/19
OPCO
07/25/19
NO CHANGE
Target $390
OPCO
Outperform
Ulta Beauty price target raised to $390 from $370 at Oppenheimer
Oppenheimer analyst Rupesh Parikh raised his price target for Ulta Beauty (ULTA) to $390 from $370 given the company's meaningful overlap with J.C. Penney (JCP) stores that have a Sephora inside and following media reports saying that the latter has hired advisors to explore debt restructuring options. While the company subsequently confirmed that it has not hired advisors for an in-court restructuring or bankruptcy, the analyst points out that he views Ulta Beauty as a potential beneficiary of any store rationalization down the road at J.C. Penney. Parikh says Ulta remains a top pick, and reiterates an Outperform rating on the shares.
08/15/19
CLVD
08/15/19
NO CHANGE
CLVD
Neutral
Ulta Q2 gross margin upside likely limited by promos, says Cleveland Research
Cleveland Research analyst Rusty Wilson lowered his Q2 comp growth estimate for Ulta Beauty to up 6.5% from up 6.5%-7.0% following his checks, which showed that comps appeared to trend in line with consensus expectations. The analyst, who believes that unplanned promotions in July will likely limit margin upside, keeps a Neutral rating on Ulta shares. However, he added that the outlook for the second half "continues to lean positive."
COO Cooper Companies
$331.26

10.42 (3.25%)

08/22/19
KEYB
08/22/19
NO CHANGE
Target $351
KEYB
Overweight
Cooper Companies price target raised to $351 from $314 at KeyBanc
KeyBanc analyst Matthew Mishan raised his price target for Cooper Companies (COO) to $351 from $314 as he believes the company is positioned to sustain momentum, while avoiding complacency as changes in competitive landscape eventually emerge. More specifically, the analyst thinks market growth appears healthy, Cooper is still playing offense on daily SiHy, key accounts, and specialty lenses, the EssilorLuxotica (ESLOY) and GrandVision combo may be positive for the company, and Key First Look credit card data indicates Hubble growth has decelerated. Mishan reiterates an Overweight rating on the shares.
08/08/19
WELS
08/08/19
NO CHANGE
Target $365
WELS
Outperform
Cooper Companies price target raised to $365 from $356 at Wells Fargo
Wells Fargo analyst Larry Biegelsen raised his price target for Cooper Companies to $365 from $356 ahead of quarterly results. The analyst believes the company is positioned to report another "solid" quarter and sees potential for another guidance raise. He reiterates an Outperform rating on the shares.
08/13/19
PIPR
08/13/19
NO CHANGE
Target $360
PIPR
Overweight
Cooper Companies price target raised to $360 from $330 at Piper Jaffray
Piper Jaffray analyst Matt O'Brien raised his price target for Cooper Companies to $360 from $330 saying his check in with a contact lens distributor is "very bullish" for the market. The shift to daily lenses continues, with roughly 60% of new fits in this modality, O'Brien tells investors in a research note. His contact believes the market will grow high single digits this year and potentially 10%, "which is as bullish as we have heard from this check," says O'Brien. The analyst has confidence in his second half of 2019 revenue estimates for Cooper Companies and remains constructive on the stock with an Overweight rating.
06/10/19
WELS
06/10/19
NO CHANGE
Target $356
WELS
Outperform
Cooper Companies price target raised to $356 from $325 at Wells Fargo
Wells Fargo analyst Lawrence Biegelsen raised his price target for Cooper Companies to $356 from $325 after meeting with management. The analyst notes that management seems confident on its 2019 outlook and continue growth momentum, 2020 EPS growth could reach 10% despite anticipated tax rate increase, contact lens market should continue to grow 5%-plus for the foreseeable future, and management is particularly excited about the long-term prospect of myopia management lenses. Biegelsen reiterates an Outperform rating on the shares.
MRVL Marvell
$24.41

0.85 (3.61%)

08/21/19
BNCH
08/21/19
INITIATION
Target $30
BNCH
Buy
Marvell transferred with a Buy at Benchmark
Benchmark transitioned coverage of Marvell to analyst Ruben Roy, who has a Buy rating and $30 price target on the shares. Roy sees Marvell accelerating its exposure to attractive infrastructure end markets with a number of non-core asset divestitures coupled with strategic acquisitions, he stated.
07/21/19
GSCO
07/21/19
DOWNGRADE
GSCO
Neutral
Marvell downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs downgraded Marvell Technology Group to Neutral on valuation.
07/22/19
07/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Neutral from Buy at Roth Capital with analyst Craig Irwin saying he believes Tesla has a viable path to meet at least the low end of its 360,000-400,000 deliveries guidance for 2019, but this does not eliminate margin risks from rising 2019 battery costs or the impact of intensifying competition. 2. Marvell (MRVL) downgraded to Neutral from Buy at Goldman Sachs with analyst Mark Delaney citing valuation. 3. Brunswick (BC) downgraded to Neutral from Overweight at JPMorgan with analyst Steven Zaccone saying commentary from industry participants indicates worsening marine industry growth, and Brunswick is heavily exposed to the most pronounced areas of weakness in aluminum fish boats and outboard engines. 4. Westlake Chemical (WLK) downgraded to Reduce from Neutral at Nomura Instinet while LyondellBasell (LYB) was downgraded to Neutral from Buy. 5. Paysign (PAYS) downgraded to Sell from Neutral at BTIG with analyst Mark Palmer citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/21/19
GSCO
07/21/19
DOWNGRADE
Target $25
GSCO
Neutral
Marvell downgraded to Neutral on valuation at Goldman Sachs
Goldman Sachs analyst Mark Delaney downgraded Marvell Technology Group to Neutral from Buy despite raising his price target for the shares to $25 from $24. The analyst cites valuation for the downgrade with the stock up 60% year-to-date. Delaney believes his positive view on the stock is now generally shared by investors. He now views Marvell's valuation as full.

TODAY'S FREE FLY STORIES

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SPOT

Spotify

$149.01

0.805 (0.54%)

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HCM

Hutchison China MediTech

$29.56

0.135 (0.46%)

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NRG

NRG Energy

$38.52

-0.03 (-0.08%)

17:44
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BAESY

BAE Systems

$0.00

(0.00%)

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PNFP

Pinnacle Financial

$62.09

-1.31 (-2.07%)

17:32
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  • 22

    Jan

DGLY

Digital Ally

$0.94

(0.00%)

17:27
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KSU

Kansas City Southern

$165.54

-1.03 (-0.62%)

17:24
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AES

AES Corp.

$20.47

-0.02 (-0.10%)

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WTFC

Wintrust Financial

$66.90

-2.03 (-2.95%)

17:20
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SKT

Tanger Factory

$15.93

0.56 (3.64%)

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$0.70

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CIT Group

$45.23

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IBM

IBM

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Takata

$0.00

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$27.60

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RIO

Rio Tinto

$59.95

-0.725 (-1.19%)

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RNST

Renasant

$35.37

-0.23 (-0.65%)

17:08
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  • 22

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LYFT

Lyft

$47.91

1.33 (2.86%)

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  • 11

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AMTD

TD Ameritrade

$50.76

0.25 (0.49%)

, TD

Toronto-Dominion

$56.55

-0.18 (-0.32%)

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$50.76

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TD

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$56.55

-0.18 (-0.32%)

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UCBI

United Community Banks

$29.75

-0.6 (-1.98%)

17:02
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Earnings
United Community Banks reports Q4 EPS 61c, consensus 58c »

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  • 22

    Jan

OBE

Obsidian Energy

$0.87

-0.0616 (-6.61%)

17:02
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SMBK

SmartFinancial

$22.97

-0.35 (-1.50%)

17:01
01/21/20
01/21
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Earnings
SmartFinancial reports Q4 operating EPS 46c, consensus 40c »

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