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SIGI

Selective Insurance

$78.76

-0.69 (-0.87%)

, RGEN

Repligen

$93.03

-1.3 (-1.38%)

17:38
09/06/19
09/06
17:38
09/06/19
17:38

S&P Dow Jones Indices rebalances S&P MidCap 400, S&P SmallCap 600

The S&P Dow Jones Indices will make the following index adjustments to the S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its market capitalization range. The changes will be effective prior to the open of trading on Monday, September 23 to coincide with the September rebalance. S&P SmallCap 600 constituents Selective Insurance Group (SIGI), Repligen (RGEN), and FirstCash (FCFS) will move to the S&P MidCap 400. S&P MidCap 400 constituents Signet Jewelers (SIG), Range Resources Corp. (RRC), Tupperware Brands (TUP), The Michaels Companies (MIK), QEP Resources (QEP), Valaris (VAL) and McDermott International (MDR) will move to the S&P SmallCap 600. Etsy (ETSY), Pilgrim's Pride (PPC), KAR Auction Services (KAR), Antero Midstream Corp. (AM), Owens Corning (OC), and Penumbra (PEN) will join the S&P MidCap 400. Warrior Met Coal (HCC), Cadence Bancorporation (CADE) and GCP Applied Technologies (GCP) will join the S&P SmallCap 600. Cars.com (CARS) and Mallinckrodt (MNK) will be removed from the S&P MidCap 400 as they are no longer representative of the mid-cap market space. Kirkland's (KIRK), Nautilus Group (NLS), LSC Communications (LKSD), Ascena Retail Group (ASNA), Superior Industries (SUP), Superior Energy Services (SPN) and Kopin Corp. (KOPN) will be removed from the S&P SmallCap 600 as they are no longer representative of the small-cap market space.

SIGI

Selective Insurance

$78.76

-0.69 (-0.87%)

RGEN

Repligen

$93.03

-1.3 (-1.38%)

FCFS

First Cash Financial

$99.35

-0.99 (-0.99%)

SIG

Signet Jewelers

$14.05

0.09 (0.64%)

RRC

Range Resources

$3.93

-0.24 (-5.76%)

TUP

Tupperware Brands

$13.68

0.09 (0.66%)

MIK

Michaels

$7.76

0.61 (8.53%)

QEP

QEP Resources

$3.80

-0.18 (-4.52%)

VAL

Valaris

$5.99

0.245 (4.26%)

MDR

McDermott

$4.99

0.1 (2.05%)

ETSY

Etsy

$48.00

-2.1 (-4.19%)

PPC

Pilgrim's Pride

$31.27

0.04 (0.13%)

KAR

KAR Auction

$25.91

-0.645 (-2.43%)

AM

Antero Midstream

$6.66

-0.48 (-6.72%)

OC

Owens Corning

$55.84

-0.94 (-1.66%)

PEN

Penumbra

$131.50

-2.67 (-1.99%)

HCC

Warrior Met Coal

$20.43

-0.09 (-0.44%)

CADE

Cadence Bancorp

$15.64

-0.115 (-0.73%)

GCP

GCP Applied Technologies

$17.76

0.13 (0.74%)

CARS

Cars.com

$9.50

-0.005 (-0.05%)

MNK

Mallinckrodt

$1.88

0.285 (17.92%)

KIRK

Kirkland's

$1.18

0.02 (1.72%)

NLS

Nautilus

$1.50

0.15 (11.11%)

LKSD

LSC Communications

$1.42

0.035 (2.54%)

ASNA

Ascena Retail

$0.30

0.0127 (4.49%)

SUP

Superior Industries

$3.17

0.275 (9.52%)

SPN

Superior Energy

$0.34

0.0245 (7.79%)

KOPN

Kopin

$0.92

-0.0038 (-0.41%)

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SIGI Selective Insurance
$78.76

-0.69 (-0.87%)

11/16/18
11/16/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Adobe (ADBE) initiated with a Buy at Nomura Instinet. 2. Target (TGT) was initiated with a Buy at Buckingham and an Overweight at KeyBanc. 3. Viad (VVI) initiated with a Buy at Janney Montgomery Scott. 4. Selective Insurance (SIGI) initiated with a Market Perform at JMP Securities. 5. Sprouts Farmers Market (SFM) initiated with an Underperform at Bernstein. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/14/18
BUCK
12/14/18
INITIATION
Target $62
BUCK
Neutral
Selective Insurance initiated with a Neutral at Buckingham
Buckingham analyst Amit Kumar initiated Selective Insurance with a Neutral and $62 price target. Kumar views Selective as a high quality name with takeout potential, but sees most of this reflected in valuation.
11/16/18
JMPS
11/16/18
INITIATION
JMPS
Market Perform
Selective Insurance initiated with a Market Perform at JMP Securities
JMP Securities analyst Matthew Carletti initiated Selective Insurance with a Market Perform rating, stating that its lower-risk underwriting and investment profiles allow for ROE outperformance but he believes the market is already assigning the shares a premium valuation. Carletti adds that he does see the company having a significant runway for growth over the next several years.
RGEN Repligen
$93.03

-1.3 (-1.38%)

08/23/19
08/23/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Aramark (ARMK) initiated with an Outperform at Oppenheimer. 2. Repligen (RGEN) resumed with an Overweight at Stephens. 3. Ziopharm (ZIOP) resumed with an Outperform at Raymond James. 4. Occidental Petroleum (OXY) reinstated with a Hold at Jefferies. 5. PacWest Bancorp (PACW) initiated with an Outperform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/22/19
SPHN
08/22/19
INITIATION
SPHN
Overweight
Repligen resumed with an Overweight at Stephens
Stephens analyst Jacob Johnson resumed coverage of Repligen with an Overweight rating and $110 price target. The analyst called Repligen's management "best-in-class" and believes the company has "positioned itself with the right area of a rapidly growing industry." While Johnson would ideally like to find a cheaper entry point into the stock, which trades at a premium valuation, he believes there is no shortage of momentum in the company's operations.
08/28/19
FANA
08/28/19
NO CHANGE
Target $107
FANA
Outperform
Repligen price target raised to $107 from $95 at First Analysis
First Analysis analyst Steven Schwartz raised his price target for Repligen to $107 from $95 saying he's more confident in the company's outlook following investor meetings with management and a facility tour. Schwartz is more confident in Repligen's longer-term growth prospects "despite heading into a second half where key businesses will face difficult comparisons." He keeps an Outperform rating on the shares.
08/05/19
CHLM
08/05/19
NO CHANGE
Target $108
CHLM
Buy
Repligen price target raised to $108 from $80 at Craig-Hallum
Craig-Hallum analyst Matt Hewitt raised his price target for Repligen to $108 from $80 saying that while the expectations were high going into the company's Q2 earnings report following a better than expected prerelease, the results didn't disappoint, with organic growth of 40%-plus across all three of its largest segments. The analyst reiterates a Buy rating on the shares.
FCFS First Cash Financial
$99.35

-0.99 (-0.99%)

01/31/19
WEDB
01/31/19
NO CHANGE
Target $90
WEDB
Neutral
Wedbush sees First Cash Financial reporting EPS at upper end of guidance
Wedbush analyst Henry Coffey said that while First Cash Financial's guidance was disappointing, the outlook reflects a loss of 25c-30c per share associated with the closure of Ohio stores and the exit of consumer lending in other U.S. markets and the value he places on the contribution from consumer lending "is very low." While he had been expecting a slower exit from the Ohio pay day loan and installment loan products and less of a final hit to EPS, he also thinks moving away from this product makes sense for a number of reasons. Coffey, who believes First Cash will report EPS at the upper end of its guidance, keeps a Neutral rating and $90 price target on the stock.
07/24/19
LEHM
07/24/19
DOWNGRADE
LEHM
Equal Weight
First Cash Financial downgraded to Equal Weight from Overweight at Barclays
07/25/19
LEHM
07/25/19
DOWNGRADE
Target $110
LEHM
Equal Weight
First Cash Financial downgraded to Equal Weight on valuation at Barclays
Barclays analyst Gilberto Garcia last night downgraded First Cash Financial to Equal Weight from Overweight with an unchanged price target of $110. The analyst continues to see "significant" growth opportunities for FirstCash, but he believes this potential is reflected in its valuation with the shares up 40% year-to-date.
06/14/19
JEFF
06/14/19
NO CHANGE
Target $115
JEFF
Buy
First Cash Financial price target raised to $115 from $107 at Jefferies
Jefferies analyst John Hecht raised his price target for First Cash Financial to $115 from $107 after hosting management through several investor meetings. The analyst continues to recommend the stock given First Cash's "attractive" cash flow dynamics, "defensive positioning," and Latin America growth. He keeps a Buy rating on the shares.
SIG Signet Jewelers
$14.05

0.09 (0.64%)

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.
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
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.
09/06/19
SBSH
09/06/19
NO CHANGE
Target $12
SBSH
Sell
Signet Jewelers price target lowered to $12 from $17 at Citi
Citi analyst Paul Lejuez lowered his price target for Signet Jewelers to $12 from $17 and keeps a Sell rating on the shares. While the company's Q2 was better than expected and it was also able to refinance its debt, pushing out its maturities, Signet still faces a "very challenging" retail environment, Lejuez tells investors in a research note. The analyst says he saw little this quarter to give him confidence that the company has "found the right formula to drive profitable sales." He's we are concerned about how Signet will perform in the "all-important" Q4 and believes the risk is to the downside.
RRC Range Resources
$3.93

-0.24 (-5.76%)

08/19/19
MKMP
08/19/19
UPGRADE
Target $6
MKMP
Buy
Range Resources rises following MKM Partners upgrade
As reported prior to the open, MKM Partners upgraded Range Resources (RRC) to Buy from Neutral with an unchanged price target of $6. Analyst John Gerdes noted that Range shares have shed two-thirds in value since mid-January despite the fact that the company's full-cycle return is "meaningfully superior" to median cash recycle ratio of its gas peers and its full-cycle capital intensity is second lowest to only Cabot Oil & Gas (COG). His production forecast for Range for the third quarter is fractionally above the company's guidance, though is production estimate for the full year is fractionally below Range's guidance, Gerdes noted. In afternoon trading, shares of Range Resources are up 38c, or 9%, to $4.48.
08/26/19
LTCO
08/26/19
DOWNGRADE
Target $5
LTCO
Neutral
Range Resources downgraded to Neutral from Buy at Ladenburg
Ladenburg Thalmann analyst Michael Schmitz downgraded Range Resources to Neutral from Buy and lowered his price target for the shares to $5 from $11. Reduced estimated free cash flow resulting from lower projected commodity prices, combined with uncertainty resulting from the escalation of the trade war, will be additional headwinds for the Exploration and Production group, Schmitz tells investors in a research note.
07/29/19
SUSQ
07/29/19
NO CHANGE
Target $8.5
SUSQ
Positive
Range Resources price target lowered to $8.50 from $11 at Susquehanna
Susquehanna analyst Biju Perincheril lowered his price target on Range Resources to $8.50 from $11 following its largely inline Q2 results. The analyst lowered his price target and estimates on lower NGL realizations. He did note the company continues its disciplined approach of spending within cash flow while growing yearly in the mid-single digits over its five-year plan. Perincheril maintained his Positive rating on Range Resources shares.
08/19/19
MKMP
08/19/19
UPGRADE
MKMP
Buy
Range Resources upgraded to Buy from Neutral at MKM Partners
TUP Tupperware Brands
$13.68

0.09 (0.66%)

MIK Michaels
$7.76

0.61 (8.53%)

07/19/19
07/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SAP (SAP) downgraded to Hold from Buy at Deutsche Bank with analyst Alex Tout saying he believes the company's momentum in Q2 fell short of what was needed for the shares to re-rate higher. 2. Alcoa (AA) downgraded to Hold from Buy at Argus and Jefferies. 3. Paycom (PAYC) downgraded to Hold from Buy at Jefferies with analyst Samad Samana citing valuation. 4. Michaels (MIK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Elizabeth Suzuki citing a U.S. arts and crafts consumer survey that she said gave some color on why the company's same-store sales growth has been "lackluster. 5. News Corp. (NWSA) downgraded to Underweight from Neutral at JPMorgan with analyst Alexia Quadrani saying while the stock may appear attractively valued, she has little conviction in forward estimates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/19
BOFA
07/19/19
DOWNGRADE
Target $5
BOFA
Underperform
Michaels downgraded to Underperform after consumer survey at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Elizabeth Suzuki downgraded Michaels to Underperform from Neutral following a U.S. arts and crafts consumer survey that she said gave some color on why the company's same-store sales growth has been "lackluster. The survey lends support to her view that the company's potentially long-term struggles are unlikely to resolve, at least until a new CEO is found, said Suzuki, who lowered her price target on the shares to $5 from $9.
08/20/19
BOFA
08/20/19
NO CHANGE
Target $4
BOFA
Underperform
Michaels price target lowered to $4 from $5 at BofA/Merrill
BofA/Merrill analyst Curtis Nagle lowered his price target for Michaels to $4 from $5 and maintained an Underperform rating. Nagle tells investors in a research note that he expects Michaels shares to remain under pressure until a new CEO is named and investors gain confidence in the company's ability to regain market share and/or revitalize growth to stem operating deleverage.
07/19/19
BOFA
07/19/19
DOWNGRADE
BOFA
Underperform
Michaels downgraded to Underperform from Neutral at BofA/Merrill
QEP QEP Resources
$3.80

-0.18 (-4.52%)

08/08/19
08/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Inogen (INGN) downgraded to Hold from Buy at Stifel and to Market Perform from Outperform at SVB Leerink. 2. QEP Resources (QEP) downgraded to Market Perform from Strong Buy at Raymond James, while Oasis Petroleum (OAS) was downgraded to Outperform from Strong Buy. 3. REV Group (REVG) downgraded to Sell from Neutral at Goldman Sachs, while Caterpillar (CAT) and Granite Construction (GVA) were downgraded to Neutral from Buy. 4. PlayAGS (AGS) double downgraded to Underperform from Buy at BofA/Merrill, to Hold from Buy at Union Gaming and Deutsche Bank. 5. 3D Systems (DDD) downgraded to Underweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/19
RAJA
08/08/19
DOWNGRADE
RAJA
Market Perform
QEP Resources downgraded two notches to Market Perform at Raymond James
Raymond James analyst John Freeman downgraded QEP Resources to Market Perform from Strong Buy citing a weaker growth outlook following the conclusion of its strategic portfolio review process. In a research note to investors, Freeman says his prior thesis focused on QEP's transformation into a pure-play Permian operator, adding that he liked that QEP would utilize proceeds from non-Permian asset sales to pay down debt, opportunistically repurchase a significant amount of shares and pursue sustainable growth from its high oil-cut asset in the Midland Basin.
07/09/19
07/09/19
DOWNGRADE

Perform
QEP Resources downgraded to Perform at Oppenheimer
As previously reported, Oppenheimer analyst Tim Rezvan downgraded QEP Resources to Perform from Outperform as he believes the likelihood of premium bids for all/part of the its assets is low and sees downside risk to Elliott Management's $8.75/share bid for the company.
08/08/19
RAJA
08/08/19
DOWNGRADE
RAJA
Market Perform
QEP Resources downgraded to Market Perform from Strong Buy at Raymond James
Raymond James analyst John Freeman downgraded QEP Resources to Market Perform from Strong Buy citing a weaker growth outlook.
VAL Valaris
$5.99

0.245 (4.26%)

08/05/19
SOCO
08/05/19
DOWNGRADE
SOCO
Equalweight
Valaris downgraded to Equalweight from Overweight at Capital One
08/02/19
FERN
08/02/19
DOWNGRADE
Target $21
FERN
Reduce
Valaris downgraded to Hold from Buy at Fearnley
Fearnley analyst Truls Olsen downgraded Valaris to Hold from Buy and lowered his price target on the shares to $21 from $31.
08/02/19
08/02/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Oshkosh (OSK) downgraded to Sector Weight from Overweight at KeyBanc with analyst Steve Barger saying that while he thinks Oshkosh is a better story than some other machinery names given solid execution and the potential for some growth or at least stability from its non- Access segments, he sees more room for negative catalysts than positive due to the deceleration in macro data, a growing view that AWP will be flat-to-down next year, and order and backlog contraction against a tough comp from FY19. 2. Square (SQ) downgraded to Underperform from Outperform at Evercore ISI. 3. Adaptimmune (ADAP) downgraded to Neutral from Buy at Guggenheim with analyst Michael Schmidt saying he believes visibility into the opportunity for the company's pipeline remains limited, particularly following discontinuation of the MAGEA10 program, reports of 3 new patient deaths, and resignation of the company's CMO. 4. Hilton Grand Vacations (HGV) downgraded to Underweight from Neutral at JPMorgan with analyst Brandt Montour saying he expects poor sentiment to weigh on shares until the company's contract sales reaccelerate in a consistent way, which he feels is not likely until 2020. 5. Valaris (VAL) downgraded to Market Perform from Outperform at Wells Fargo with analyst Coleman Sullivan saying he reduced his EBITDA forecasts through 2021 to account for revised rig startup assumptions, more conservative utilization and dayrate assumptions on floaters and revised cost assumptions. Sullivan, who continues to be disappointed by the lack of contracts at rates peers are able to achieve, sees the company's outlook having more inherent risk going forward. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/02/19
WELS
08/02/19
DOWNGRADE
Target $9
WELS
Market Perform
Wells Fargo cuts EBITDA forecasts for Valaris, downgrades to Market Perform
As previously reported, Wells Fargo analyst Coleman Sullivan downgraded Valaris to Market Perform from Outperform after he reduced his EBITDA forecasts through 2021 to account for revised rig startup assumptions, more conservative utilization and dayrate assumptions on floaters and revised cost assumptions. Sullivan, who continues to be disappointed by the lack of contracts at rates peers are able to achieve, sees the company's outlook having more inherent risk going forward, he said. He lowered his price target on Valaris shares to $9 from $23.
MDR McDermott
$4.99

0.1 (2.05%)

10/31/18
KEYB
10/31/18
DOWNGRADE
KEYB
Sector Weight
McDermott downgraded to Sector Weight from Overweight at KeyBanc
ETSY Etsy
$48.00

-2.1 (-4.19%)

08/21/19
STFL
08/21/19
UPGRADE
Target $70
STFL
Buy
Etsy upgraded to Buy from Hold at Stifel
Stifel analyst Scott Devitt upgraded Etsy to Buy with an unchanged price target of $70, saying the 20% decline in the stock price since the company's last earnings report has made its valuation more compelling. The analyst notes that while Etsy's gross merchandise sales topped expectations, investors exited positions because of a revenue shortfall driven by lower-than-expected seller services revenue and ahead of the company comping its price increases in Q3. Devitt believes these issues to be transitory however and recommends that investors take advantage of the pullback.
08/22/19
08/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Buy from Neutral at Citi with analyst Paul Lejuez saying he wants to catch the next 20% move up, which he believes will occur as the company continues to prove it is a "winner" in the current retail landscape. 2. Wayfair (W) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying the 12% decline in the stock price since the company's posted its Q2 results has created a compelling entry point. 3. Energizer (ENR) upgraded to Buy from Neutral at UBS with analyst Steven Strycula saying the stock has lost 45% of its market cap as a result of the initial integration challenges and higher leverage, but contends that at 9.5-times expected forward EBITDA, he sees the "bear case" being priced in. 4. Etsy (ETSY) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying the 20% decline in the stock price since the company's last earnings report has made its valuation more compelling. 5. Cerner (CERN) upgraded to Buy from Hold at Argus with analyst Jasper Hellweg saying the company is well positioned for growth having just completed its "self-described 'investment year'." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/02/19
DBAB
08/02/19
NO CHANGE
Target $79
DBAB
Buy
Etsy price target raised to $79 from $73 at Deutsche Bank
Deutsche Bank analyst Kunal Madhukar raised his price target for Etsy to $79 from $73 citing the company's "strong" Q2 results. With "some confusion" around the EBITDA guidance, the analyst is not surprised the shares were modestly weaker post close yesterday. However, he keeps a Buy rating no Etsy.
07/25/19
07/25/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UPS (UPS) upgraded to Buy from Neutral at BofA/Merrill with analyst Ken Hoexter saying the "e-commerce revolution" continues to drive airfreight industry growth. 2. AT&T (T) upgraded to Neutral from Underperform at Credit Suisse with analyst Douglas Mitchelson saying he believes video subscriber losses peaked in Q2/Q3 and he does not see risk to consensus 2019 estimates. Additionally, AT&T's valuation is supported by its 6.1% dividend yield, said Mitchelson. 3. Freeport McMoRan (FCX) upgraded to Sector Perform from Underperform at RBC Capital with analyst Sam Crittenden saying he is turning more "cautiously optimistic" on copper heading into 2020 and believes the stock could follow that rally. 4. Activision Blizzard (ATVI) upgraded to Buy from Neutral at BofA/Merrill with analyst Ryan Gee saying the stock is on the "verge of inflection" after a period of investment in people and content set up its "potent" content slate. 5. Etsy (ETSY) upgraded to Buy from Neutral at BTIG with analyst Marvin Fong saying a number of new catalysts has led to a "meaningful" increase in its intrinsic value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PPC Pilgrim's Pride
$31.27

0.04 (0.13%)

08/02/19
MZHO
08/02/19
NO CHANGE
Target $34
MZHO
Buy
Pilgrim's Pride price target raised to $34 from $30 at Mizuho
Mizuho analyst Jeremy Scott raised his price target for Pilgrim's Pride to $34 from $30 citing the company's "solid" Q2 results. U.S. chicken margins of 9.8% were the highlight, well above estimates despite softer retail demand and rising feed costs, Scott tells investors in a research note. He expects a breast meat price recovery led by demand at foodservice and maintains a Buy rating on Pilgrim's Pride shares.
06/26/19
MZHO
06/26/19
NO CHANGE
MZHO
DOJ intervening in poultry case not entirely surprising, says Mizuho
Mizuho analyst Jeremy Scott said it isn't entirely surprising to see the DOJ intervene in the Maplevale civil case against chicken producers given the DOJ's interest in the case previously became apparent in Tyson's (TSN) 10-Q filling in May. Scott said the investigation launch does not necessarily suggest that there is new corroborating evidence, though it does raise the stakes for company legal teams and builds on an already distracting and costly process in the courts that will likely take two years or more to reach a conclusion. Other protein stocks include Hormel (HRL), Pilgrim's Pride (PPC) and Sanderson Farms (SAFM).
08/20/19
BMOC
08/20/19
UPGRADE
Target $36
BMOC
Outperform
Pilgrim's Pride upgraded to Outperform from Market Perform at BMO Capital
BMO Capital analyst Kenneth Zaslow upgraded Pilgrim's Pride (PPC) to Outperform and raised his price target to $36 from $31, citing the management's implementation of a "successful execution" of its chicken strategy. The analyst also points to the improvement in "underlying chicken fundamentals" around the shortage of U.S. beef production, record high levels in China hog prices, and a "more normal" promotional activity that includes increased features with McDonald's (MCD) upcoming chicken promotion - its first in over a year.
08/20/19
08/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Pilgrim's Pride (PPC) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow citing the management's implementation of a "successful execution" of its chicken strategy. 2. Beyond Meat (BYND) upgraded to Overweight from Neutral at JPMorgan while Campbell Soup (CPB) was upgraded to Neutral from Underweight. 3. Chemours (CC) upgraded to Positive from Neutral at Susquehanna with analyst Don Carson saying he thinks end-user destocking of TiO2 appears to have run its course and he views the company as the prime beneficiary of an upturn in industry volumes in 2020. 4. AbbVie (ABBV) upgraded to Overweight from Neutral at Piper Jaffray with analyst Christopher Raymond saying while he remains negative on the company's decision to acquire Allergan (AGN), he believes that a bottom on the stock has been found around $66. 5. CACI (CACI) upgraded to Outperform from Neutral at Credit Suisse with analyst Robert Spingarn saying in an uncertain macro environment, he likes a defensive name that can support a multi-year story of organic growth, margin expansion, and M&A optionality, all while offering an attractive 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.
KAR KAR Auction
$25.91

-0.645 (-2.43%)

07/01/19
JPMS
07/01/19
DOWNGRADE
Target $28
JPMS
Neutral
KAR Auction downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Ryan Brinkman downgraded KAR Auction to Neutral from Overweight following the spin on Friday of its Insurance Auto Auctions salvage car auction unit. The analyst believes the stock's risk/reward is skewed to the downside amid moderating car sales. He expects off-lease volumes to peak in 2019 before then plateauing and declining in coming years.
07/02/19
GUGG
07/02/19
INITIATION
Target $48
GUGG
Buy
IAA initiated with a Buy at Guggenheim
Guggenheim analyst Ali Faghri initiated IAA (IAA) with a Buy rating and $48 following the company's completion of its spinoff from KAR Auction (KAR). Faghri sees the salvage market as a duopoly with pricing power and high barriers to entry and sees the valuation gap with Copart (CPRT) narrowing. He also sees IAA having a long-term margin improvement opportunity of 300-400 basis points, driven by reducing physical auctions and various cost savings initiatives. Separately, Faghri downgraded KAR Auction to Sell from Neutral this morning.
07/02/19
GUGG
07/02/19
DOWNGRADE
Target $20
GUGG
Sell
KAR Auction downgraded to Sell after IAA spinoff at Guggenheim
As previously reported, Guggenheim analyst Ali Faghri downgraded KAR Auction (KAR) to Sell from Neutral following the company's completion of its spinoff of IAA (IAA), citing his view of the cyclical headwinds for industry wholecar volume growth, increasing online competition, slower AFC growth due to declining industry physical auction volumes and higher loan loss provisions and downside risk to guidance. He set a $20 price target on KAR shares. Separately, Faghri initiated coverage of IAA with a Buy rating and $48 price target this morning.
07/02/19
GUGG
07/02/19
DOWNGRADE
GUGG
Sell
KAR Auction downgraded to Sell from Neutral at Guggenheim
AM Antero Midstream
$6.66

-0.48 (-6.72%)

08/01/19
MUFG
08/01/19
DOWNGRADE
Target $13
MUFG
Neutral
Antero Midstream downgraded to Neutral from Overweight at MUFG
MUFG analyst Barrett Blaschke downgraded Antero Midstream to Neutral and lowered his price target to $13 from $17 after its Q2 EBITDA miss that was driven by a "difficult commodities environment". The analyst says the management tried to keep its outlook positive by discussing its "substantial" natural gas hedges, but believes that investors will be reluctant to commit to the stock
08/28/19
08/28/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Autodesk (ADSK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Kash Rangan saying while the company posted solid July quarter results, uncertainty has increased as its fiscal 2020 guidance was lowered across the board. 2. Antero Midstream (AM) downgraded to Market Perform from Outperform at Raymond James. 3. Catalent (CTLT) downgraded to Sector Weight from Overweight at KeyBanc with analyst Donald Hooker saying he believes free cash flow will be limited at 20%-30% of EBITDA due to heavy capital spending, and the company will be carrying a high debt ratio, both of which may limit flexibility. 4. Kelly Services (KELYA) downgraded to Neutral from Buy at Northcoast with analyst John Healy saying shares are approaching his liquidation value of around $26. 5. Nabors Industries (NBR), Nine Energy Services (NINE), and Quintana Energy Services (QES) downgraded to Neutral from Buy at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/01/19
STFL
08/01/19
DOWNGRADE
Target $11
STFL
Hold
Antero Midstream downgraded to Hold from Buy at Stifel
Stifel analyst Timothy Howard downgraded Antero Midstream to Hold and lowered her price target to $11 from $14. The analyst notes that the company's cost reduction strategy will allow its production growth to remain at 10% per year over the next few years, but sees the macro environment for natural gas remaining challenging and with limited visibility.
08/28/19
RAJA
08/28/19
DOWNGRADE
RAJA
Market Perform
Antero Midstream downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst J R Weston downgraded Antero Midstream to Market Perform from Outperform without a price target.
OC Owens Corning
$55.84

-0.94 (-1.66%)

07/08/19
RBCM
07/08/19
NO CHANGE
Target $65
RBCM
Outperform
Owens Corning price target raised to $65 from $55 at RBC Capital
RBC Capital analyst Michael Eisen raised his price target on Owens Corning to $65 and kept his Outperform rating, saying the recent reports of an activist building a position in its stock should "help unlock value" in the company's long-undervalued portfolio of assets. The analyst contends that a separation of Owens Corning's Roofing unit into a stand-alone business, either by "split/spin scenario or by divesting", would create the most shareholder value, even though he sees the potential for the latter as "less probable" because of the tax burden on the assets.
07/25/19
RHCO
07/25/19
NO CHANGE
Target $58
RHCO
Hold
Owens Corning price target raised to $58 from $52 at SunTrust
SunTrust analyst Keith Hughes raised his price target on Owens Corning to $58 after its Q2 earnings beat, saying the lower costs and roofing volumes drove the upside in the quarter. The analyst keeps his Hold rating on the stock however, citing the continued asphalt inflation and no indication by the management that it will consider strategic changes addressed in the recent activist involvement.
07/25/19
LBOW
07/25/19
NO CHANGE
Target $66
LBOW
Buy
Owens Corning price target raised to $66 from $60 at Longbow
Longbow analyst Garik Shmois raised his price target on Owens Corning shares to $66 from $60 following the company's Q2 report, citing his view that strong roofing performance should drive multiple expansion. Insulation segment weakness is already priced in and fundamentals should improve as U.S. residential improves in the second half, said Shmois, who keeps a Buy rating on the shares.
07/10/19
JEFF
07/10/19
NO CHANGE
Target $68
JEFF
Buy
Owens Corning breakup story not as obvious as peers, says Jefferies
Reports of an activist HG Vora building a position in Owens Corning (OC) should "put a floor under the stock," Jefferies analyst Philip Ng tells investors in a research note. The analyst sees a sum-of-the-parts value for shares at $75 but does not view Owens Corning as an obvious breakup story as Eagle Materials (EXP) or Masco (MAS). In a breakup, however, he could see the company spinning Roofing and keeping Insulation and Composites together. Ng keeps a Buy rating on Owens Corning with a $68 price target.
PEN Penumbra
$131.50

-2.67 (-1.99%)

08/07/19
ADAM
08/07/19
NO CHANGE
Target $170
ADAM
Buy
Penumbra weakness would be a buying opportunity, says Canaccord
Canaccord analyst Jason Mills said Penumbra delivered another raised and beat quarter highlighted by growth in its peripheral business alongside solid US AIS growth. The analyst also noted strong underlying growth trends across its neuro franchises. He said any pullback following Q2 results should be bought. Mills reiterated his Buy rating and raised his price target to $170 from $160 on Penumbra shares.
08/01/19
WELS
08/01/19
NO CHANGE
Target $185
WELS
Outperform
Penumbra price target raised $185 from $180 at Wells Fargo
Wells Fargo analyst Lawrence Biegelsen raised his price target for Penumbra to $185 from $180 ahead of quarterly results. Based on his recent conversations with key opinion leaders and attendance at the Society of NeuroInterventional Surgeon meeting, the analyst believes the stroke market growth momentum remains strong and the company is well positioned to remain a leader in the field. He reiterates an Outperform rating on the shares.
05/30/19
JPMS
05/30/19
UPGRADE
Target $170
JPMS
Overweight
JPMorgan upgrades Penumbra to Overweight, boosts price target to $170
JPMorgan analyst Robert Marcus upgraded Penumbra to Overweight from Neutral and raised his price target for the shares to $170 from $140. The Street is overly focused on competitive entrants to the stroke aspiration market, Marcus tells investors in a research note. As a result, he believes Penumbra's share price does not reflect the "value and durability" of the company's Stroke and Peripheral franchise. Penumbra is well positioned to defend market share within the aspiration market while its Peripheral business remains underappreciated, says Marcus.
05/30/19
05/30/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Citi (C) upgraded to Buy from Neutral at Goldman Sachs with analyst Richard Ramsden saying he sees a "realistic path" to a 13% return on tangible common equity in 2020 for Citi, or 100 basis points ahead of market expectations, which he notes is not contingent on either higher interest rates or strengthening global growth trends. 2. Comcast (CMCSA) upgraded to Buy from Neutral at Guggenheim with analyst Mike McCormack saying the company's successful pivot from primarily a video distributor to a connectivity company "has been fairly smooth." 3. Zynga (ZNGA) upgraded to Overweight from Equal Weight at Stephens with analyst Jeff Cohen saying the continued acceleration of recent acquisitions and the fact that Social Casino could be poised for a second half re-acceleration give him additional confidence in Zynga's live service portfolio. 4. Penumbra (PEN) upgraded to Overweight from Neutral at JPMorgan with analyst Robert Marcus saying the Street is overly focused on competitive entrants to the stroke aspiration market. 5. Cypress Semiconductor (CY) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Craig Hettenbach citing press reports indicating that the company is exploring strategic options. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
HCC Warrior Met Coal
$20.43

-0.09 (-0.44%)

08/06/19
08/06/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Chemours (CC) downgraded to Hold from Buy at Argus with analyst David Coleman citing its Q2 earnings miss and lowered FY19 guidance driven by lower volume in its Titanium Technologies business. 2. Trex Company (TREX) downgraded to Neutral from Buy at Sidoti with analyst Frank Camma citing valuation. 3. RE/MAX Holdings (RMAX) downgraded to Neutral from Buy at Compass Point. 4. Rio Tinto (RIO), BHP Group (BHP), Arch Coal (ARCH), Consol Coal (CCR), and Warrior Met Coal (HCC) downgraded to Hold from Buy at Jefferies. 5. nVent Electric (NVT) downgraded to Neutral from Buy at Buckingham with analyst Robert Barry saying he now sees only low-single to high-single digit EPS growth in the second half of 2019 and in 2020 and has less confidence there's a growth recovery or a margin improvement story in Thermal. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/01/19
DBAB
04/01/19
INITIATION
Target $35
DBAB
Buy
Warrior Met Coal initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli initiated coverage of Warrior Met Coal with a Buy rating and $35 price target. While coal faces some headwinds from the negative sentiment, the main attraction towards the stock is cash flow as the company benefits from a "strong" balance sheet post the restructuring in the last downturn, Santarelli tells investors in a research note. He views Warrior Met Coal's capital management program as attractive.
08/06/19
JEFF
08/06/19
DOWNGRADE
Target $22
JEFF
Hold
Warrior Met Coal downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Lafemina downgraded Warrior Met Coal to Hold from Buy and lowered his price target for the shares to $22 from $38. A number of negative catalysts have emerged for miners, including the escalation of trade wars, devaluation of the yuan and tightening measures in the Chinese property market, Lafemina tells investors in a research note. Most miners have been relying on capital returns to attract investors, prioritizing dividends and share buy backs over new investments, says the analyst. However, he now expects declining earnings and free cash flow to drive declining capital returns, thereby removing a source of support for the stocks.
05/24/19
MKMP
05/24/19
NO CHANGE
Target $38
MKMP
Buy
Warrior Met Coal price target raised to $38 from $33 at MKM Partners
MKM Partners analyst Daniel Scott raised his price target on Warrior Met Coal (HCC) to $38 and kept his Buy rating as part of his broader research note titled "Coking Coal Staying Strong." The analyst maintains his multi-quarter view that the market for coking coal is "resilient" and demand is experiencing "continued strength" amid slow supply response from producers in Australia, U.S., and Canada. Scott adds that the $200 per metric ton price level is close to becoming a "new normal", while noting that valuation on the coking coal stocks is still "well below mid-cycle ranges". As part of his research note, the analyst also raises his FY19 and FY20 revenue and EBITDA forecasts for Peabody Energy (BTU) and Teck Resources (TECK).
CADE Cadence Bancorp
$15.64

-0.115 (-0.73%)

07/23/19
RHCO
07/23/19
NO CHANGE
Target $18
RHCO
Hold
Cadence Bancorp price target lowered to $18 from $22 at SunTrust
SunTrust analyst Jennifer Demba lowered her price target on Cadence Bancorp to $18 and kept his Hold rating after its Q2 earnings miss coming from the higher loan loss provisioning and a lower spread income. The analyst notes that while the stock already fell 19%, the valuation on Cadence should remain at a discount relative to peers because of the company's "heavier" relative loan loss composition.
08/29/19
RAJA
08/29/19
DOWNGRADE
RAJA
Outperform
Cadence Bancorp downgraded to Outperform from Strong Buy at Raymond James
07/23/19
KBWI
07/23/19
DOWNGRADE
Target $18
KBWI
Market Perform
Cadence Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Brady Gailey downgraded Cadence Bancorp to Market Perform from Outperform and lowered his price target for the shares to $18 from $26. The analyst cites the "credit noise" in the company's Q2 results for the downgrade.
07/23/19
07/23/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Devon Energy (DVN) reinstated with a Sell from Neutral at Goldman Sachs with analyst Brian Singer saying the stock's year-to-date outperformance relative to peers is "overdone" as the remaining sum-of-the-parts valuation for the shares is "too rich" following the sale of its Canadian business. 2. Sprouts Farmers Market (SFM) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh citing his assessment of potentially more muted profit growth going forward coupled with increasing uncertainty on the management and competitive fronts. 3. Viveve (VIVE) double downgraded to Underperform from Buy at Mizuho, downgraded to Hold from Buy at Stifel and to Market Perform from Outperform at Raymond James. 4. Wheaton Precious Metals (WPM) downgraded to Hold from Buy at GMP Securities. 5. Cadence Bancorp (CADE) downgraded to Neutral from Buy at Goldman Sachs and to Market Perform from Outperform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
GCP GCP Applied Technologies
$17.76

0.13 (0.74%)

12/13/18
KING
12/13/18
INITIATION
KING
Neutral
GCP Applied Technologies resumed with a Neutral at CL King
11/08/18
KEYB
11/08/18
DOWNGRADE
KEYB
Sector Weight
GCP Applied Technologies downgraded to Sector Weight from Overweight at KeyBanc
11/14/18
GHSC
11/14/18
DOWNGRADE
Target $29
GHSC
Neutral
GCP Applied Technologies downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst Michael Harrison downgraded GCP Applied Technologies to Neutral and trimmed its price target to $29 from $30 saying 2019 is shaping up to be another transition year. Harrison is moving to the sidelines until there is evidence that SCC restructuring and cost savings actions can drive sustainable margin improvement. The analyst also said FX headwinds and SCC sales rationalization will limit revenue growth in 2019.
11/08/18
11/08/18
DOWNGRADE

Sector Weight
GCP Applied Technologies downgraded to Sector Weight on outlook at KeyBanc
As previously reported, KeyBanc analyst Michael Sison downgraded GCP Applied Technologies to Sector Weight from Overweight and reduced his 2018 and 2019 earnings outlooks again despite a solid Q3. The analyst believes cost savings potential, growth potential at Verifi, and its strong balance sheet are better discounted in the stock. While he recognizes that takeout optionality could drive much higher upside, the company's outlook for 2019 was lower than his expectations and he does not see a catalyst to drive further multiple expansion.
CARS Cars.com
$9.50

-0.005 (-0.05%)

08/06/19
BRRR
08/06/19
DOWNGRADE
BRRR
Market Perform
Cars.com downgraded to Market Perform from Outperform at Barrington
Barrington analyst Gary Prestopino downgraded Cars.com to Market Perform from Outperform without a price target. The analyst sees no near-term catalysts after the company's strategic review did not yield a buyer. Further, continued challenging industry dynamics are impacting national advertising, driving the latest reduction in sales and adjusted EBITDA guidance, Prestopino tells investors in a research note. The analyst, who acknowledges Cars.com shares remain undervalued, sees no short-term catalyst to improve the underlying stock price "unless potential suitors come back into the fold."
08/06/19
CHLM
08/06/19
NO CHANGE
Target $15
CHLM
Hold
Cars.com price target lowered to $15 from $25 at Craig-Hallum
Craig-Hallum analyst Steve Dyer lowered his price target for Cars.com to $15 from $25, citing a trifecta of bad news, namely no sale, Q2 miss and guidance. Nonetheless, dealer and traffic trends spark optimism, he contends, while reiterates a Hold rating on the shares as he does not see a near-term catalyst.
08/06/19
DADA
08/06/19
DOWNGRADE
Target $13.5
DADA
Neutral
Cars.com downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Tom White downgraded Cars.com to Neutral and lowered his price target to $13.50 from $28 after its concluded strategic review process and its "significantly weaker financial forecast". The analyst notes that the soft national ads business is not surprising, but the delays about OEM certifications and approvals raise concerns about the company's broader recovery and of "dealers' appetites" for expanding portfolio of solutions. White further states that direct dealer additions for core listings product have been soft in July and early August, suggesting that Q3 could mark another meaning that 3Q could be another quarter of decline in dealer count.
08/06/19
DADA
08/06/19
DOWNGRADE
DADA
Neutral
Cars.com downgraded to Neutral from Buy at DA Davidson
MNK Mallinckrodt
$1.88

0.285 (17.92%)

08/28/19
LEHM
08/28/19
NO CHANGE
Target $5
LEHM
Equal Weight
Mallinckrodt patent ruling 'clearly a setback,' says Barclays
Barclays analyst Balaji Prasad says the appeals court ruling yesterday that Linde's (LIN) Praxair did not infringe INOmax patents is "clearly a setback" for Mallinckrodt (MNK). The analyst, who points out that he had already factored in declining INOmax growth on a risk adjusted basis, says Praxair's launch strategy will now influence the pace of deceleration in INOmax revenues. Offsetting factors for Mallinckrodt will likely be the value in label expansions and its next generation INOmax EVOLVE system "that could be a growth driver," with potential approval and launch in the second half of 2020, Prasad tells investors in a research note. The analyst keeps an Equal Weight rating on Mallinckrodt shares with a $5 price target.
09/04/19
BMOC
09/04/19
DOWNGRADE
BMOC
Market Perform
Mallinckrodt downgraded to Market Perform from Outperform at BMO Capital
09/05/19
09/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. BHP Group (BHP) downgraded to Underperform from Neutral at Exane BNP Paribas. 2. Mallinckrodt (MNK) downgraded to Market Perform from Outperform at BMO Capital analyst Gary Nachman citing yesterday's Bloomberg reports that the company hired restructuring firms to help manage through its opioid litigation. 3. Yirendai (YRD) downgraded to Underperform from Neutral at Macquarie with analyst Dexter Hsu saying the company not only reported "disappointing" Q2 results, but also closed the merger with CreditEase on unfavorable terms. 4. Green Dot (GDOT) downgraded to Hold from Buy at Jefferies with analyst John Hecht saying the company's organic revenue growth has been slowing and it is trying to establish share in a new customer target market with well-resourced competitors. 5. Royal Dutch Shell (RDS.A, RDS.B) downgraded to Market Perform from Outperform at Cowen with analyst Jason Gabelman saying the downgrade reflects its peer leading exposure to international gas prices which are forecasted lower through 2020 and as a result could limit its free cash flow growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/05/19
09/05/19
DOWNGRADE
Target $3

Market Perform
Mallinckrodt cut to Market Perform at BMO Capital on opioid restructuring report
As previously reported, BMO Capital analyst Gary Nachman downgraded Mallinckrodt to Market Perform and slashed his price target to $3 from $19 after yesterday's Bloomberg reports that the company hired restructuring firms to help manage through its opioid litigation. The analyst contends that an already challenging situation has "taken a turn for the worse", stating that he previously believed that the company would be able to navigate through these issues. Nachman adds that with the mounting pressures related to the litigation, the possibility of bankruptcy for Mallinckrodt can no longer be ruled out.
KIRK Kirkland's
$1.18

0.02 (1.72%)

05/15/19
05/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Kirkland's (KIRK) downgraded to Neutral from Buy at B. Riley FBR with analyst Jeffrey Van Sinderen saying he sees a "confluence" of headwinds hurting the company's recovery in 2019. 2. Buckeye Partners (BPL) downgraded to Sell from Hold at Argus and to Neutral from Buy at UBS. 3. ElectroCore (ECOR) downgraded to Neutral from Buy at BTIG with analyst Sean Lavin saying payor wins are not yet converting to sales. 4. Zayo Group (ZAYO) downgraded to Market Perform from Outperform at Cowen. 5. Gladstone Investment (GAIN) downgraded to Neutral from Buy at Ladenburg. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/07/19
KEYB
01/07/19
DOWNGRADE
KEYB
Sector Weight
Kirkland's downgraded to Sector Weight from Overweight at KeyBanc
01/07/19
01/07/19
DOWNGRADE

Sector Weight
Kirkland's downgraded to Sector Weight at KeyBanc
As previously reported, KeyBanc analyst Bradley Thomas downgraded Kirkland's to Sector Weight from Overweight as he believes Hardlines investors need to be increasingly selective in 2019. The analyst remains most negative on Home Furnishings from a competitive and cyclical perspective.
05/15/19
RILY
05/15/19
DOWNGRADE
Target $6.5
RILY
Neutral
Kirkland's downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Jeffrey Van Sinderen downgraded Kirkland's to Neutral from Buy and lowered his price target for the shares to $6.50 from $12. The analyst sees a "confluence" of headwinds hurting the company's recovery in 2019.
NLS Nautilus
$1.50

0.15 (11.11%)

07/17/19
IMPC
07/17/19
UPGRADE
Target $4.5
IMPC
Outperform
Nautilus upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst George Kelly upgraded Nautilus to Outperform from In-Line with an unchanged price target of $4.50. With the stock down approximately 90% from its 52-week highs, there are "several areas of value" that are not reflected in the share price, Kelly tells investors in a research note. He believes Nautilus' $50M enterprise value and "relatively clean" balance sheet offers a favorable risk/reward profile.
08/01/19
LSCM
08/01/19
NO CHANGE
Target $3
LSCM
Hold
Nautilus price target lowered to $3 from $5 at Lake Street
Lake Street analyst Chris Krueger lowered his price target for Nautilus to $3 from $5 after the company's Q2 results missed expectations. Much like the last two quarters, Nautilus's digital platform, Max Intelligence, has not performed well and will likely take time to gain traction as new efforts to drive awareness roll out, Krueger tells investors in a post-earnings research note. Further, no guidance was provided as visibility remains poor, contends the analyst. He cut his estimates sharply and keeps a Hold rating on Nautilus.
05/07/19
LSCM
05/07/19
NO CHANGE
Target $5
LSCM
Hold
Nautilus price target lowered to $5 from $8 at Lake Street
Lake Street analyst Chris Krueger lowered his price target for Nautilus to $5 from $8 saying the company's Q1 results showed large declines for both the company's Direct and Retail segments. Nautilus' new digital platform, Max Intelligence, has not performed well and will likely take time to gain traction with consumers as new efforts to drive awareness roll out, Krueger tells investors in a post-earnings research note. He sees "poor" near-term visibility and keeps a Hold rating on the shares.
05/07/19
DADA
05/07/19
NO CHANGE
Target $5
DADA
Neutral
Nautilus price target lowered to $5 from $8 at DA Davidson
DA Davidson analyst Michael Kawamoto lowered his price target on Nautilus to $5 and kept his Neutral rating after its Q1 earnings miss, saying the company continued to experience pressure from the weaker demand in its Direct product offering amid the "rapidly changing" exercise industry landscape. The analyst notes however that Nautilus management is untertaking several internal initiatives to improve trends, adding that he awaits signs of progress from these efforts before reconsidering his rating.
LKSD LSC Communications
$1.42

0.035 (2.54%)

07/24/19
WELS
07/24/19
DOWNGRADE
WELS
Underperform
LSC Communications downgraded to Underperform from Market Perform at Wells Fargo
ASNA Ascena Retail
$0.30

0.0127 (4.49%)

06/11/19
RILY
06/11/19
NO CHANGE
Target $1
RILY
Neutral
Ascena Retail price target lowered to $1 from $2 at B. Riley FBR
B. Riley FBR analyst Susan Anderson lowered her price target for Ascena Retail Group to $1 from $2 following the company's fiscal Q3 results and keeps a Neutral rating on the shares.
04/03/19
SBSH
04/03/19
UPGRADE
Target $1
SBSH
Neutral
Ascena Retail upgraded to Neutral with unchanged $1 target at Citi
Citi analyst Paul Lejuez upgraded Ascena Retail to Neutral from Sell with an unchanged price target of $1.00. With the stock closing at 99c, the risk/reward is more balanced at current levels, Lejuez tells investors in a research note. He believes management will likely continue trying to monetize some of its brands following last week's announced sale of Maurice's.
04/03/19
SBSH
04/03/19
UPGRADE
SBSH
Neutral
Ascena Retail upgraded to Neutral from Sell at Citi
Citi analyst Paul Lejuez upgraded Ascena Retail to Neutral from Sell.
SUP Superior Industries
$3.17

0.275 (9.52%)

02/08/19
BWSF
02/08/19
NO CHANGE
Target $6
BWSF
Buy
Superior Industries price target lowered to $6 from $10 at BWS Financial
BWS Financial analyst Vahid Khorsand lowered his price target for Superior Industries to $6 and keeps a Neutral rating on the shares. Superior remains vulnerable to persistent reports of a slowdown in North America and European auto sales, Khorsand tells investors in a research note. He points out that new reports suggest both markets are now slowing. The analyst fears Superior Industries could have a difficult time generating free cash flow in such an environment in 2019.
02/13/19
GHSC
02/13/19
INITIATION
GHSC
Neutral
Superior Industries initiated with a Neutral at Seaport Global
11/14/18
BUCK
11/14/18
UPGRADE
Target $12
BUCK
Buy
Superior Industries upgraded to Buy from Neutral at Buckingham
Buckingham analyst Glenn Chin upgraded Superior Industries to Buy from Neutral and lowered its price target to $12 from $19. Chin said Q3 results were inline with pre-announced results and the subsequent sell-off is overdone. The analyst expects higher input costs, lower European production, and high launch costs to subside in future quarters and to continue to benefit from the trend to larger, more complex wheels which tend to be higher revenue and profit/wheel.
11/14/18
11/14/18
UPGRADE

On The Fly: 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 Outperform from Neutral at Baird analyst Andrew Wittmann citing its recent underperformance, improving free cash flow, roughly 10% earnings growth, synergy benefits, and a steadier business model. 2. CAE (CAE) upgraded to Outperform from Neutral at Macquarie. 3. TD Ameritrade (AMTD) upgraded to Overweight from Equal Weight at Morgan Stanley analyst Michael Cyprys saying he favors discount brokers in a more volatile, late cycle environment. 4. Amarin (AMRN) upgraded to Buy from Neutral at Citi with analyst Joel Beatty citing limited upside to his price target and increased investor expectations. 5. Superior Industries (SUP) upgraded to Buy from Neutral at Buckingham with analyst Glenn Chin saying Q3 results were inline with pre-announced results and the subsequent sell-off is overdone. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SPN Superior Energy
$0.34

0.0245 (7.79%)

07/26/19
PIPR
07/26/19
DOWNGRADE
Target $1.25
PIPR
Neutral
Superior Energy downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst John Daniel downgraded Superior Energy Services to Neutral from Overweight and lowered his price target for the shares to $1.25 from $4.75 following a review of the company's Q2 results.
06/05/19
06/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AIG (AIG) downgraded to Hold from Buy at Deutsche Bank with analyst Joshua Shanker saying he sees limited upside in the shares relative to his price target. 2. Ambarella (AMBA) downgraded to Underperform from Hold at Needham with analyst N. Quinn Bolton saying that while the stock price is up sharply in the pre-market on the company's Q1 earnings beat and above-consensus Q2 guidance, the market may be "mis-pricing" the risks related to China "entity list." 3. Superior Energy (SPN) downgraded to Sector Perform from Outperform at Scotiabank. 4. Kratos Defense (KTOS) downgraded to Market Perform from Outperform at Noble Capital with analyst Joe Gomes citing valuation. 5. Avista (AVA) downgraded with an Underweight from Sector Weight at KeyBanc with analyst Sophie Karp assuming coverage and saying Avista's "aggressive" growth target of 8%-10% will prove to be challenging to achieve, especially since the company has missed a rate case cycle in 2018 due to the merger with Hydro One, and considering its "complicated history" with Washington regulators. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/19
SUSQ
07/10/19
DOWNGRADE
SUSQ
Neutral
Superior Energy downgraded to Neutral from Positive at Susquehanna
07/10/19
SUSQ
07/10/19
DOWNGRADE
Target $1.5
SUSQ
Neutral
Superior Energy downgraded at Susquehanna on balance sheet challenges
Susquehanna analyst Charles Minervino downgraded Superior Energy (SPN) to Neutral from Positive and lowered his price target to $1.50 from $7. In a research note to investors, Minervino says he remains Neutral on Superior until there is better clarity on a resolution to its $1.3B of debt overhang, and recommends being weighted toward large-cap, generally more diversified stocks like Schlumberger (SLB), Helmerich & Payne (HP), Halliburton (HAL) and Patterson-UTI (PTEN).
KOPN Kopin
$0.92

-0.0038 (-0.41%)

02/04/19
02/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Yelp (YELP) initiated with a Buy at Goldman Sachs while Groupon (GRPN) was initiated with a Neutral, and Match Group (MTCH) and Shutterfly (SFLY) were initiated with a Sell. 2. eHealth (EHTH) initiated with an Outperform at Evercore ISI. 3. Okta (OKTA) initiated with an Equal Weight at Morgan Stanley. 4. Lonestar Resources (LONE) initiated with an Outperform at Cowen. 5. Kopin (KOPN) initiated with a Buy at Ladenburg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/02/18
NATL
10/02/18
INITIATION
Target $3.2
NATL
Buy
Kopin initiated with a Buy at National Securities
National Securities analyst Matthew Galinko initiated Kopin with a Buy and $3.20 price target saying it is a likely beneficiary from commercial adoption of augmented reality.
02/04/19
LTCO
02/04/19
INITIATION
Target $2.2
LTCO
Buy
Kopin initiated with a Buy at Ladenburg
Ladenburg Thalmann analyst Glenn Mattson started Kopin with a Buy rating and $2.20 price target.

TODAY'S FREE FLY STORIES

EWW

iShares MSCI Mexico

$43.37

-0.4 (-0.91%)

, CGC

Canopy Growth

$28.82

0.42 (1.48%)

08:45
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09/19
08:45
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08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

EWW

iShares MSCI Mexico

$43.37

-0.4 (-0.91%)

CGC

Canopy Growth

$28.82

0.42 (1.48%)

FSLY

Fastly

$28.53

0.285 (1.01%)

INSG

Inseego

$4.98

0.04 (0.81%)

PAYS

Paysign

$10.67

-0.57 (-5.07%)

PD

PagerDuty

$30.41

-0.125 (-0.41%)

UBER

Uber

$34.24

-0.04 (-0.12%)

TELL

Tellurian

$8.34

0.01 (0.12%)

UPRO

Uproar Inc

$57.03

0.055 (0.10%)

03/08/13
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08:45
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General news
U.S. Philly Fed index fell 4.8 points to 12.0 in September »

U.S. Philly Fed index…

RAMP

LiveRamp

$46.01

-0.4 (-0.86%)

08:44
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LiveRamp analyst commentary  »

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FANG

Diamondback Energy

$98.23

-2.14 (-2.13%)

08:42
09/19/19
09/19
08:42
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08:42
Conference/Events
Diamondback Energy participates in a conference call with JPMorgan »

Conference call with CEO…

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  • 02

    Oct

AYI

Acuity Brands

$134.10

-1.04 (-0.77%)

, ETN

Eaton

$84.98

-1.11 (-1.29%)

08:42
09/19/19
09/19
08:42
09/19/19
08:42
Recommendations
Acuity Brands, Eaton analyst commentary  »

Acuity competition to…

AYI

Acuity Brands

$134.10

-1.04 (-0.77%)

ETN

Eaton

$84.98

-1.11 (-1.29%)

03/08/13
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  • 02

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NGVT

Ingevity

$87.30

-0.62 (-0.71%)

, GM

General Motors

$38.18

-0.1 (-0.26%)

08:42
09/19/19
09/19
08:42
09/19/19
08:42
Recommendations
Ingevity, General Motors analyst commentary  »

Ingevity fundamentals not…

NGVT

Ingevity

$87.30

-0.62 (-0.71%)

GM

General Motors

$38.18

-0.1 (-0.26%)

03/08/13
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  • 19

    Sep

08:40
09/19/19
09/19
08:40
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08:40
General news
FX Action: The dollar »

FX Action: The dollar was…

08:40
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09/19
08:40
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08:40
General news
U.S. initial jobless claims edged up 2k to 208k in the week ended September 14 »

U.S. initial jobless…

VEND

Generation NEXT Franchise Brands

$0.00

(0.00%)

08:39
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08:39
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08:39
Hot Stocks
Generation NEXT to launch Reis & Irvy loyalty program, app during 2H20 »

Generation Next…

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TRCO

Tribune Media

$46.66

(0.00%)

08:37
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09/19
08:37
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08:37
Hot Stocks
Breaking Hot Stocks news story on Tribune Media »

Tribune Media trading…

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DRI

Darden

$127.40

1.31 (1.04%)

08:37
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09/19
08:37
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08:37
Hot Stocks
Darden sees low single digit inflation for beef, produce, chicken in Q2 »

For the second quarter,…

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  • 19

    Sep

08:36
09/19/19
09/19
08:36
09/19/19
08:36
Conference/Events
SEC to hold a closed commission meeting »

Closed Commission Meeting…

VEND

Generation NEXT Franchise Brands

$0.00

(0.00%)

08:36
09/19/19
09/19
08:36
09/19/19
08:36
Earnings
Generation NEXT Franchise Brands sees FY20 revenue $30M-$40M »

Generation Next Franchise…

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TSLA

Tesla

$243.43

-1.36 (-0.56%)

, AUDVF

Audi AG

$0.00

(0.00%)

08:36
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09/19
08:36
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08:36
Hot Stocks
Tesla earns first-ever safety award from IIHS for Model 3 »

Tesla's (TSLA) Model…

TSLA

Tesla

$243.43

-1.36 (-0.56%)

AUDVF

Audi AG

$0.00

(0.00%)

HYMTF

Hyundai Motor

$0.00

(0.00%)

GM

General Motors

$38.18

-0.1 (-0.26%)

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

    Sep

  • 23

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08:35
09/19/19
09/19
08:35
09/19/19
08:35
Conference/Events
Board of Governors of the Federal Reserve System to hold a meeting »

The Board of Governors of…

LGND

Ligand

$99.25

0.29 (0.29%)

08:35
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08:35
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Upgrade
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Ligand upgraded to…

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  • 20

    Sep

  • 02

    Oct

  • 13

    Nov

08:34
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Conference/Events
SEC to hold a committee meeting »

The Investor Advisory…

GOOGL

Alphabet Class A

$1,232.96

3.59 (0.29%)

, GOOG

Alphabet

$1,232.63

3.02 (0.25%)

08:34
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08:34
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08:34
Recommendations
Alphabet Class A, Alphabet, Rubicon Project, Telaria, Trade Desk analyst commentary  »

Google move to…

GOOGL

Alphabet Class A

$1,232.96

3.59 (0.29%)

GOOG

Alphabet

$1,232.63

3.02 (0.25%)

RUBI

Rubicon Project

$9.47

0.06 (0.64%)

TLRA

Telaria

$8.11

-0.12 (-1.46%)

TTD

Trade Desk

$207.99

-5.02 (-2.36%)

03/08/13
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  • 19

    Sep

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  • 30

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  • 07

    Nov

  • 12

    Nov

08:33
09/19/19
09/19
08:33
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08:33
General news
Current Account data reported »

Current Account at…

08:33
09/19/19
09/19
08:33
09/19/19
08:33
General news
Jobless Claims data reported »

Week of 9/14 Jobless…

08:33
09/19/19
09/19
08:33
09/19/19
08:33
General news
Philadelphia Fed Business Outlook Survey General Conditions Index data reported »

September Philadelphia…

BYND

Beyond Meat

$153.73

-6.64 (-4.14%)

08:33
09/19/19
09/19
08:33
09/19/19
08:33
Initiation
Barclays sees big potential for Beyond Meat, starts with $185 price target »

Barclays analyst Benjamin…

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  • 12

    Nov

LITE

Lumentum

$58.51

-0.33 (-0.56%)

08:33
09/19/19
09/19
08:33
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08:33
Conference/Events
RBC Capital to hold a discussion »

Software CIO Speaker…

03/08/13
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  • 19

    Sep

  • 23

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MANH

Manhattan Associates

$81.83

-0.36 (-0.44%)

08:33
09/19/19
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08:33
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08:33
Hot Stocks
Manhattan Associates opens new India facility »

Manhattan Associates…

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HEAR

Turtle Beach

$10.54

-0.4 (-3.66%)

08:33
09/19/19
09/19
08:33
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08:33
Hot Stocks
Turtle Beach partners with Tidal in subscription offer with headset purchase »

Turtle Beach announced a…

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