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SIG

Signet Jewelers

$14.40

3.39 (30.79%)

, DLPH

Delphi Technologies

$14.11

1.105 (8.50%)

09:55
09/05/19
09/05
09:55
09/05/19
09:55

Early notable gainers among liquid option names on September 5th

Notable gainers among liquid option names this morning include Signet Jewelers (SIG) $13.99 +2.97, Delphi (DLPH) $14.21 +1.18, NVIDIA (NVDA) $177.44 +8.66, Micron (MU) $49.20 +2.38, and Goodyear Tire (GT) $11.98 +0.56.

SIG

Signet Jewelers

$14.40

3.39 (30.79%)

DLPH

Delphi Technologies

$14.11

1.105 (8.50%)

NVDA

Nvidia

$176.40

7.63 (4.52%)

MU

Micron

$49.19

2.36 (5.04%)

GT

Goodyear Tire

$11.97

0.55 (4.82%)

  • 05

    Sep

  • 05

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    Sep

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    Sep

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    Sep

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    Sep

SIG Signet Jewelers
$14.40

3.39 (30.79%)

01/18/19
SBSH
01/18/19
DOWNGRADE
Target $20
SBSH
Sell
Citi sees further downside in Signet Jewelers, downgrades to Sell
Citi analyst Paul Lejuez downgraded Signet Jewelers to Sell from Neutral and cut his price target for the shares to $20 from $41. In what was one of the strongest years from the consumer since the recession, Signet's comps and margins have been under pressure, Lejuez tells investors in a research note. The analyst now believes Signet's earnings power is "even lower than we originally thought and what's currently being priced in." Further, Signet is one of the stocks most vulnerable in an economic slowdown, adds Lejuez. He sees further share downside despite yesterday's pullback.
01/18/19
01/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Signet Jewelers (SIG) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez saying in what was one of the strongest years from the consumer since the recession, Signet's comps and margins have been under pressure. 2. Casa Systems (CASA) downgraded to Equal Weight from Overweight at Morgan Stanley and to Hold from Buy at Stifel. 3. Sandy Spring Bancorp (SASR) downgraded to Hold from Buy at Sandler O'Neill and to Market Perform from Outperform at Keefe Bruyette. 4. Interpublic Group (IPG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Steven Cahall saying he expects the company's organic growth to decelerate in 2019 after "recent account losses," stating that after a "fantastic" organic growth rate of 4.6%, Interpublic Group is now facing tougher comps. 5. Nautilus (NLS) downgraded to Neutral from Buy at Sidoti, DA Davidson, and B. Riley FBR, as well as to Hold from Buy at Lake Street. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/19
NOMU
06/07/19
NO CHANGE
Target $21
NOMU
Neutral
Signet Jewelers price target lowered to $21 from $28 at Nomura Instinet
Nomura Instinet analyst Simeon Siegel lowered his price target for Signet Jewelers to $21 from $28 saying that while the company's beat Q1 expectations and offered a "less-bad-than-feared" Q2 outlook, it lowered the high end of its fiscal year guidance. Further, Signet's Q1 comps came in at the low end of the guide, despite being provided in April, Siegel tells investors in a research note. The analyst is concerned that the company has not shown an ability to return to sales growth. He keeps a Neutral rating on Signet Jewelers.
06/07/19
BOFA
06/07/19
NO CHANGE
Target $20
BOFA
Neutral
Signet Jewelers price target lowered to $20 from $30 at BofA/Merrill
BofA Merrill Lynch analyst Lorraine Hutchinson lowered her Q2 through Q4 EPS estimates for Signet Jewelers following management's lowering of the high-end of their FY20 EPS guidance, reducing her price target on the shares to $20 from $30. The analyst, who now models EPS to decline 7% year-over-year in the second half as comps decline through the remainder of the year, keeps a Neutral rating on Signet shares.
DLPH Delphi Technologies
$14.11

1.105 (8.50%)

06/27/19
06/27/19
INITIATION
Target $21

Neutral
Credit Suisse sees estimates downside, starts Delphi Technologies with Neutral
As previously reported, Credit Suisse analyst Dan Levy initiated Delphi Technologies a Neutral and $21 price target. The analyst sees opportunity related to the company's operational recovery, as well as long-term opportunity for growth given Delphi's product portfolio and robust order book. Nevertheless, he sees downside to 2020 consensus estimates given slightly negative top-line growth, and also as it will take time for operations to be fully improved.
06/26/19
FBCO
06/26/19
INITIATION
Target $21
FBCO
Neutral
Delphi Technologies initiated with a Neutral at Credit Suisse
Credit Suisse analyst Dan Levy initiated Delphi Technologies a Neutral and $21 price target.
09/03/19
FBCO
09/03/19
NO CHANGE
FBCO
Risk-on trade could benefit autos, says Credit Suisse
Credit Suisse analyst Dan Levy notes that with a tough August in the books, the challenged performance for auto stocks has been more a function of a challenged macro backdrop rather than any changes in auto industry fundamentals. In an environment where quality has been bid and deep cyclicals are out of favor, autos have not fared well, he contends. To the extent positive macro and a risk-on trade emerges, the analyst believes auto stocks could benefit - especially those which have been highly out of favor like American Axle (AXL), Dana (DAN), Delphi Technologies (DLPH). Yet beyond a potential near-term recovery, he believes auto stocks still must confront uncertainty around 2020.
09/05/19
LEHM
09/05/19
NO CHANGE
LEHM
LBOs could provide floor in auto parts valuations, says Barclays
The Magnetti Marelli and Tower deals this year seem to belie common wisdom that it's too late in the cycle for "take private" transactions in the auto parts space, Barclays analyst Brian Johnson tells investors in a research note. Late cycle auto parts deal history is "less bad then investors think," says the analyst. He believes leverage buyouts "could provide a floor to valuations" in the sector. Of the four companies he screened, American Axle (AXL), Delphi Technologies (DLPH), Garrett Motion (GTX) and Adient (ADNT), the analyst says American Axle is the most promising leverage buyout candidate. American Axle may be the best all-around candidate for a take-private transaction, largely due to its strong cash flow generation, says Johnson.
NVDA Nvidia
$176.40

7.63 (4.52%)

08/16/19
RHCO
08/16/19
NO CHANGE
Target $210
RHCO
Buy
SunTrust increasingly optimistic about Nvidia data center recovery
SunTrust analyst William Stein kept his Buy rating and $210 price target on Nvidia after its "solid" Q2 results, saying that its improved margins helped offset the weak hyperscale revenue. The analyst believes however that Q3 and Q4 will see acceleration in its "lone near-term problem" Data Center segment amid improving inventory trends. Stein maintains his long term bullish thesis on Nvidia and its "superior" positioning in gaming, server business acceleration driven by AI, and autonomous driving potential.
08/16/19
NEED
08/16/19
NO CHANGE
NEED
Underperform
Needham remains cautious on Nvidia's near-term data center business
Needham analyst Rajvindra Gill keeps his Underperform rating on Nvidia after its Q2 results, saying that while the quarter topped earnings and revenue consensus thanks to the strong growth in gaming, expectations for the company's data center business remained "mixed". The analyst notes that the segment still experiences strength in external hyperscaler cloud demand, but internal hyperscaler demand remains muted. Gill adds that the data center business is set to gain from secular growth drivers longer term, but he is concerned by the near term potential amid limited visibility and increased macro uncertainty.
08/21/19
BNCH
08/21/19
INITIATION
Target $210
BNCH
Buy
Nvidia transferred with a Buy at Benchmark
Benchmark transitioned coverage of Nvidia to analyst Ruben Roy, who has a Buy rating and $210 price target on the shares. Roy sees Nvidia being positioned to grow at a faster CAGR relative to semiconductor peers given the increasing use of GPUs across a diverse set of markets, he noted.
08/16/19
CHLM
08/16/19
NO CHANGE
Target $170
CHLM
Hold
Nvidia price target raised to $170 from $165 at Craig-Hallum
Craig-Hallum analyst Richard Shannon maintained a Hold rating on Nvidia but bumped his price target to $170 from $165 following the company's Q2 beat and largely in-line Q3 guidance. In a research note to investors, Shannon says Nvidia's growth may struggle to get to 20% in the near term given Data Center, and with the stock trading at 27x FY20 EV/EPS, it is too rich given the geopolitical and macro risks.
MU Micron
$49.19

2.36 (5.04%)

08/08/19
GSCO
08/08/19
NO CHANGE
GSCO
Memory summit reinforces Goldman view that NAND pricing set to improve
After attending the Flash Memory Summit on August 6 and 7, Goldman Sachs analyst Mark Delaney said his meetings and talks with industry participants reinforced his view that NAND pricing is already showing signs of improvement and increased his confidence that blended NAND pricing will be up sequentially in the fourth quarter. Meanwhile, he still thinks DRAM pricing is likely to fall in the near-term, but said the rate of Q4 decline could be "somewhat less severe" than he previously expected. Delaney has a Buy rating on Micron (MU), a Neutral rating on Western Digital (WDC) and a Buy rating on Lam Research (LRCX), which he believes is well-positioned to benefit from continued scaling in NAND.
08/12/19
SBSH
08/12/19
NO CHANGE
Target $30
SBSH
Sell
Citi keeps Sell on Micron, but thinks stock could reach $60 longer term
After hosting investor meetings with management, Citi analyst Christopher Danely keeps a Sell rating on Micron Technology with a $30 price target. The analyst believes the DRAM downturn last into the first half of 2020. However, longer term, he thinks Micron's earnings per share can get back to the peak of $11.74 and the stock could reach $60-plus.
09/04/19
MZHO
09/04/19
NO CHANGE
Target $50
MZHO
Buy
Mizuho boosts Micron target to $50, Western Digital target to $64
Mizuho analyst Vijay Rakesh raised his price target for Micron Technology (MU) to $50 from $44 and his target for Western Digital (WDC) to $64 from $61. The analyst reiterates Buy ratings on both names. His channel checks in the supply chain point to positive trends for NAND and DRAM. The checks show improving NAND pricing trends, customer concerns over supply stability into 2020 leading to increasing requests for long-term supply agreements in NAND, and flattish production bit growth in DRAM, Rakesh tells investors in a research note. He believes current NAND and DRAM pricing trends are better than expectations entering the second half of 2019.
09/04/19
DBAB
09/04/19
NO CHANGE
Target $55
DBAB
Buy
Micron shares will find support on easing DRAM price risk, says Deutsche Bank
Global trade tensions are shifting some of the bargaining power from memory buyers to memory suppliers despite "still-elevated" inventory levels, Deutsche Bank analyst Sidney Ho tells investors in a research note. Further, the impact of Japan-Korea dispute are not as bad as feared after multiple media outlets reported that Japan has approved two shipments of photoresists to South Korea, adds the analyst. Ho points out that DRAM spot prices spiked in July and have since retreated as expected, but are still ~10% above the June levels. He believes risks of further significant price declines are diminishing and sees Micron's fiscal Q4 as the "trough quarter" in the current cycle. Given that the equity market has historically led business fundamentals by about one quarter, Micron shares will find support at the current level, contends Ho. The analyst, who sees "risks to the upside as business improves," affirms a Buy rating on Micron shares with a $55 price target.
GT Goodyear Tire
$11.97

0.55 (4.82%)

08/16/19
08/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Merck (MRK) initiated with an Outperform at SVB Leerink. 2. DocuSign (DOCU) initiated with a Buy at DA Davidson. 3. iQIYI (IQ) initiated with an Underweight at JPMorgan. 4. Goodyear Tire (GT) initiated with an Outperform at Exane BNP Paribas. 5. BlackBerry (BB) initiated with a Neutral at Macquarie. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/16/19
EXAN
08/16/19
INITIATION
Target $15
EXAN
Outperform
Goodyear Tire initiated with an Outperform at Exane BNP Paribas
Exane BNP Paribas started Goodyear Tire & Rubber with an Outperform rating and $15 price target.
06/06/19
LBOW
06/06/19
UPGRADE
LBOW
Neutral
Goodyear Tire upgraded to Neutral from Underperform at Longbow
Longbow analyst Anthony Deem upgraded Goodyear Tire & Rubber to Neutral from Underperform with a $14 price target.
05/23/19
05/23/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Elanco (ELAN) initiated with a Neutral at Guggenheim. 2. Cooper Tire (CTB) initiated with an Overweight at KeyBanc while Goodyear Tire (GT) was initiated with a Sector Weight. 3. SciPlay (SCPL) initiated with a Buy at Craig-Hallum and an Overweight at Stephens. 4. Target Hospitality (TH) initiated with an Outperform at Credit Suisse and Oppenheimer. 5. Allogene Therapeutics (ALLO) initiated with a Hold at Stifel. 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

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SONO

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MRAM

Everspin Technologies

$6.52

-0.09 (-1.36%)

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SAIC

SAIC

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ALNY

Alnylam

$86.18

1.5 (1.77%)

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SNPS

Synopsys

$137.26

0.09 (0.07%)

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TYL

Tyler Technologies

$259.35

-0.22 (-0.08%)

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AAPL

Apple

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, MCD

McDonald's

$210.55

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MCD

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FB

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MDR

McDermott

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CRC

California Resources

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ROKU

Roku

$114.30

-19.41 (-14.52%)

W

Wayfair

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SCS

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IBN

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SNY

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TSLA

Tesla

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CRZBY

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RHHBY

Roche

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PBR

Petrobras

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-0.09 (-0.62%)

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ROKU

Roku

$116.20

-17.51 (-13.10%)

11:40
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Roku leads single stock option volume with over 250K contracts in 90 minutes »

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11:40
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General news
More from Rosengren: he reiterated his dissent »

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