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BXP

Boston Properties

$130.84

0.51 (0.39%)

, CONE

CyrusOne

$72.63

-1.36 (-1.84%)

04:55
09/11/19
09/11
04:55
09/11/19
04:55

BofA/Merrill to hold a conference

Global Real Estate Conference 2019 will be held in New York on September 10-11.

BXP

Boston Properties

$130.84

0.51 (0.39%)

CONE

CyrusOne

$72.63

-1.36 (-1.84%)

HPP

Hudson Pacific

$33.81

-0.09 (-0.27%)

LDSCY

Land Securities

$0.00

(0.00%)

NSA

National Storage

$32.38

-0.895 (-2.69%)

PLD

Prologis

$84.00

-0.75 (-0.88%)

VNNVF

Vonovia

$0.00

(0.00%)

  • 11

    Sep

  • 18

    Sep

  • 01

    Oct

BXP Boston Properties
$130.84

0.51 (0.39%)

09/10/19
MSCO
09/10/19
UPGRADE
Target $126
MSCO
Equal Weight
Morgan Stanley upgrades Boston Properties to Equal Weight on valuation
Morgan Stanley analyst Vikram Malhotra upgraded Boston Properties to Equal Weight from Underweight with a price target of $126, up from $123. Valuations are more reasonable today in the New York City office real estate investment trust space following this year's underperformance, Malhotra tells investors in a research note. The analyst, despite seeing a low probability for New York City office fundamentals to turn positive, sees the potential for a near-term rally due to valuations.
09/10/19
MSCO
09/10/19
UPGRADE
MSCO
Equal Weight
Boston Properties upgraded to Equal Weight from Underweight at Morgan Stanley
04/23/19
KEYB
04/23/19
UPGRADE
KEYB
Overweight
Boston Properties upgraded to Overweight from Sector Weight at KeyBanc
09/10/19
09/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. BHP Group (BHP) upgraded to Buy from Neutral at Goldman Sachs. 2. Marten Transport (MRTN) and Heartland Express (HTLD) upgraded to Overweight from Sector Weight at KeyBanc. 3. MercadoLibre (MELI) upgraded to Buy from Neutral at BTIG with analyst Marvin Fong saying the pullback in shares post-Argentina is overdone. 4. Schlumberger (SLB) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Connor Lynagh saying that while the stock struggled over the past several years, its relative outlook is improving. 5. Boston Properties (BXP) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Vikram Malhotra saying valuations are more reasonable today in the New York City office real estate investment trust space following this year's underperformance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CONE CyrusOne
$72.63

-1.36 (-1.84%)

07/02/19
DBAB
07/02/19
NO CHANGE
DBAB
Buy
Deutsche Bank places 'Catalyst Call Buy' on CyrusOne
Deutsche Bank analyst Matthew Niknam placed a "Catalyst Call Buy" on CyrusOne as a short-term investment idea. The analyst sees a disconnect between CyrusOne's "peer-low valuation" and "industry leading growth."
08/16/19
WELS
08/16/19
NO CHANGE
WELS
Wells Fargo sees $75 per share as 'reasonable' buyout price for CyrusOne
Wells Fargo analyst Eric Luebchow believes the Bloomberg report of takeover interest in CyrusOne is likely true and that there is a "reasonable probability" the company could be taken private by a group of private infrastructure investors. There are numerous reasons going private would make sense for CyrusOne, including that private infrastructure funds have been paying premiums for hyperscale assets versus where they trade in the public markets, Luebchow tells investors in a research note. He believes a "reasonable" takeout price would be in the $75 per share range. CyrusOne in afternoon trading is up 8%, or $5.39, to $70.10.
08/16/19
BOFA
08/16/19
NO CHANGE
Target $80
BOFA
Buy
BofA/Merrill sees 'degree of logic' to CyrusOne takeover interest report
BofA Merrill Lynch analyst Michael Funk said he believes "there is a degree of logic" to Bloomberg's report that CyrusOne is considering a sale after receiving interest from private equity investors. While strategic interest is also possible, he views it as less likely. His "basic leverage buyout math" arrives a potential price of $85 per share, which implies 20x his 2020 EBITDA estimate. Following the report, Funk reiterated his Buy rating on CyrusOne shares and increased his price target on the stock to $80.
08/16/19
STFL
08/16/19
NO CHANGE
STFL
Buy
CyrusOne could be valued at $83-$93 per share in takeover, says Stifel
Stifel analyst Erik Rasmussen noted that Bloomberg reported that CyrusOne (CONE) is considering a potential sale after receiving takeover interest from several suitors, including a bidding group that includes KKR (KKR). While the analyst said he is not privy to any information that would suggest that a takeout is actually happening, he does believe CyrusOne is an attractive asset and "a disruptive force in the wholesale data center market." Citing Digital Realty's (DLR) acquisition of DuPont Fabros in 2017 as the most comparable asset in a transaction, and the increase in private market valuations since then, Rasmussen estimated that could CyrusOne could be valued at $83-$93 per share in a potential deal. He keeps a Buy rating on CyrusOne shares.
HPP Hudson Pacific
$33.81

-0.09 (-0.27%)

02/15/19
SDLR
02/15/19
UPGRADE
Target $38
SDLR
Buy
Hudson Pacific upgraded to Buy from Hold at Sandler O'Neill
Sandler O'Neill analyst Alexander Goldfarb upgraded Hudson Pacific Properties to Buy from Hold, stating that the company's Q4 earnings call made him feel "much better" about Hudson's ability to drive sustained earnings growth. Following significant dispositions and some large tenant move-outs over the prior two years, it looks like this year's only "negative" is the potential for a $300M unsecured issuance to address some debt proactively, Goldfarb said. He increased his 2019 and 2020 FFO estimates and raised his price target on the stock to $38 from $31.
03/11/19
GSCO
03/11/19
UPGRADE
Target $40
GSCO
Buy
Hudson Pacific upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Andrew Rosivach upgraded Hudson Pacific Properties to Buy and raised his price target for the shares to $40 from $37.
03/11/19
GSCO
03/11/19
NO CHANGE
GSCO
Goldman upgrades Kilroy and Hudson Pacific to Buy, cuts UDR to Sell
Goldman Sachs analyst Andrew Rosivach upgraded both Kilroy Realty (KRC) and Hudson Pacific Properties (HPP) to Buy from Neutral saying both companies should be able to provide greater overall earnings growth relative to residential and office real estate investment trusts. The analyst also downgraded UDR, Inc. (UDR) to Sell from Neutral within the context of his Neutral coverage views for Apartments and Office. UDR's earnings growth will slow given a smaller contribution from development in forward years, Rosivach tells investors in a research note.
03/11/19
03/11/19
UPGRADE

Buy
Hudson Pacific upgraded to Buy on earnings growth at Goldman Sachs
As previously reported, Goldman Sachs analyst Andrew Rosivach upgraded Hudson Pacific to Buy from Neutral and raised its price target to $40 from $37. Rosivach believes Hudson's multiple can expand as the accretion from the in place development pipeline becomes more visible, particularly when the $207M EPEC development in Hollywood comes online starting in Q1 2020.
LDSCY Land Securities
$0.00

(0.00%)

NSA National Storage
$32.38

-0.895 (-2.69%)

08/19/19
STFL
08/19/19
INITIATION
STFL
Buy
National Storage initiated with a Buy at Stifel
Stifel analyst Stephen Manaker initiated National Storage with a Buy rating and a $36 price target. The analyst noted that the company "focuses acquisitions on secondary growth markets," which "often with population and employment growing faster than the national average," adding that he believes the REIT, which he sees generating attractive growth for the next 12-18 months, is attractively priced.
10/04/18
JEFF
10/04/18
UPGRADE
Target $31
JEFF
Buy
National Storage upgraded to Buy from Hold at Jefferies
Jefferies analyst George Hoglund upgraded National Storage Affiliates Trust to Buy and raised his price target for the shares to $31 from $30. The analyst believes the recent weakness in the shares is overdone and presents a buying opportunity. A recent meeting with management brought up no justification for the recent share pullback, Hoglund tells investors in a research note.
10/04/18
10/04/18
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. National Storage (NSA) upgraded to Buy from Hold at Jefferies with analyst George Hoglund saying he believes the recent weakness in the shares is overdone and presents a buying opportunity. 2. Cummins (CMI) upgraded to Overweight from Neutral at Piper Jaffray with analyst Alexander Potter saying his deep-dive analysis illuminates the likelihood of upside versus consensus estimates in the coming years. 3. Synnex (SNX) upgraded to Strong Buy from Buy at Needham with analyst Sean Hannon citing the company's business becoming "more diversified, experiencing healthy fundamental demand, and expanding its structural margin profile." 4. Cloudera (CLDR) upgraded to Buy from Neutral at DA Davidson and Nomura Instinet. 5. Washington Trust (WASH) upgraded to Buy from Hold at Sandler O'Neill withh analyst Mark Fitzgibbon saying management went out of their way to focus on their organic growth and "made a compelling argument that there is a dearth of good mid-size banks in New England." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PLD Prologis
$84.00

-0.75 (-0.88%)

05/20/19
EVER
05/20/19
UPGRADE
Target $100
EVER
In Line
Life Storage upgraded to In Line from Underperform at Evercore ISI
Evercore ISI analyst Steve Sakwa this morning upgraded Life Storage (LSI) to In Line from Underperform with an unchanged price target of $100. The stock year-to-date has underperformed peers even though the company, on an operational basis, performed relatively in line during Q1, Sakwa tells investors in a research note. The analyst, who believes it is too early to know how the peak leasing season will turn out, cites valuation for his upgrade of Life Storage to In Line. Sakwa this morning also downgraded Prologis (PLD) to In Line from Outperform.
07/18/19
DBAB
07/18/19
NO CHANGE
Target $82
DBAB
Buy
Prologis price target raised to $82 from $74 at Deutsche Bank
Deutsche Bank analyst Derek Johnston raised his price target for Prologis to $82 from $74 saying good cash rent growth drove another beat and raise quarter. The analyst keeps a Buy rating on the shares.
05/20/19
05/20/19
DOWNGRADE
Target $78

In Line
Prologis downgraded to In Line on valuation at Evercore ISI
As previously reported, Evercore ISI analyst Steve Sakwa downgraded Prologis to In Line from Outperform given its sharp gains year to date and outperformance versus the REIT index. While the analyst is still positive on industrial fundamentals and believes the operational setup is strong over the next 12-24 months, he thinks much of this good news is priced into the stock and the risk/reward seems more balanced. Sakwa also raised his price target on the shares to $78 from $75.
05/20/19
EVER
05/20/19
DOWNGRADE
EVER
In Line
Prologis downgraded to In Line from Outperform at Evercore ISI
VNNVF Vonovia
$0.00

(0.00%)

TODAY'S FREE FLY STORIES

XLRN

Acceleron

$44.67

0.75 (1.71%)

22:05
09/16/19
09/16
22:05
09/16/19
22:05
Recommendations
Acceleron analyst commentary at Piper Jaffray »

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PNRL

Paringa Resources

$2.28

-0.06 (-2.56%)

20:18
09/16/19
09/16
20:18
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20:18
Hot Stocks
Paringa Resources names Jim Middleton as Executive Advisor »

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RBNC

Reliant Bancorp

$24.70

0.16 (0.65%)

20:17
09/16/19
09/16
20:17
09/16/19
20:17
Hot Stocks
Reliant Bancorp to buy Tennessee Community Bank Holdings for $37.2M »

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  • 23

    Sep

ORCL

Oracle

$53.12

-0.64 (-1.19%)

, INTC

Intel

$52.21

-0.32 (-0.61%)

19:12
09/16/19
09/16
19:12
09/16/19
19:12
Hot Stocks
Intel, Oracle collaborate on Optane DC Persistent Memory »

Intel (INTC) and Oracle…

ORCL

Oracle

$53.12

-0.64 (-1.19%)

INTC

Intel

$52.21

-0.32 (-0.61%)

03/08/13
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03/06/13
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  • 24

    Oct

ORCL

Oracle

$53.12

-0.64 (-1.19%)

, VMW

VMware

$155.87

4.81 (3.18%)

19:08
09/16/19
09/16
19:08
09/16/19
19:08
Hot Stocks
VMware, Oracle expand partnership on hybrid cloud »

Oracle (ORCL) and VMware…

ORCL

Oracle

$53.12

-0.64 (-1.19%)

VMW

VMware

$155.87

4.81 (3.18%)

03/08/13
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03/06/13
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  • 10

    Oct

ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

, BBCP

Concrete Pumping

$4.40

0.265 (6.41%)

19:05
09/16/19
09/16
19:05
09/16/19
19:05
Hot Stocks
Fly Intel: After Hours Movers »

HIGHER: Aclaris…

ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

BBCP

Concrete Pumping

$4.40

0.265 (6.41%)

GLW

Corning

$30.04

-0.12 (-0.40%)

XLRN

Acceleron

$44.67

0.75 (1.71%)

SHOP

Shopify

$337.93

-0.77 (-0.23%)

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

PSTV

Plus Therapeutics

$9.51

-0.05 (-0.52%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 04

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    Sep

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

19:03
09/16/19
09/16
19:03
09/16/19
19:03
Hot Stocks
3G Capital sells 25.1M shares of Kraft Heinz »

In a regulatory filing,…

03/08/13
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  • 01

    Oct

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

18:53
09/16/19
09/16
18:53
09/16/19
18:53
Hot Stocks
Kraft Heinz's Lemann acquires nearly 3.5M common shares »

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  • 01

    Oct

HMSY

HMS Holdings

$37.14

0.24 (0.65%)

18:43
09/16/19
09/16
18:43
09/16/19
18:43
Hot Stocks
HMS Holdings acquires VitreosHealth for approximately $36.5M »

HMS Holdings announced it…

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18:25
09/16/19
09/16
18:25
09/16/19
18:25
General news
U.S. industrial production preview: »

U.S. industrial…

18:25
09/16/19
09/16
18:25
09/16/19
18:25
General news
Treasury Market Summary »

Treasury Market Summary:…

ICAD

iCAD

$6.89

-0.01 (-0.14%)

18:25
09/16/19
09/16
18:25
09/16/19
18:25
Conference/Events
iCAD to hold an investor reception »

Management hosts "An…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 16

    Sep

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    Nov

GLW

Corning

$30.04

-0.12 (-0.40%)

18:18
09/16/19
09/16
18:18
09/16/19
18:18
Hot Stocks
Corning down 5.5% or $1.64 at $28.40 per share after cutting volume outlook »

As part of the…

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WE

We Company

$0.00

(0.00%)

18:17
09/16/19
09/16
18:17
09/16/19
18:17
Periodicals
We Company IPO delayed until October at earliest, WSJ reports »

The We Company's IPO…

03/08/13
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GLW

Corning

$30.04

-0.12 (-0.40%)

18:16
09/16/19
09/16
18:16
09/16/19
18:16
Hot Stocks
Corning cuts Q3 volume guidance for Display and Optical Communications units »

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WE

We Company

$0.00

(0.00%)

18:05
09/16/19
09/16
18:05
09/16/19
18:05
Periodicals
Breaking Periodicals news story on We Company »

We Company IPO delayed…

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GM

General Motors

$37.21

-1.62 (-4.17%)

18:02
09/16/19
09/16
18:02
09/16/19
18:02
Periodicals
Auto workers strike could cost GM $100M daily, WSJ says »

General Motors could lose…

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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:57
09/16/19
09/16
17:57
09/16/19
17:57
Hot Stocks
Hamilton Lane vice chairman sells 150K shares of common stock »

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  • 26

    Sep

17:52
09/16/19
09/16
17:52
09/16/19
17:52
Conference/Events
SVB Leerink biotech analysts to hold analyst/industry conference call »

Biotech Analysts discuss…

HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:52
09/16/19
09/16
17:52
09/16/19
17:52
Hot Stocks
Hamilton Lane chairman sells 78.5K shares of common »

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  • 26

    Sep

GD

General Dynamics

$190.91

0.98 (0.52%)

, BAH

Booz Allen

$70.35

0.85 (1.22%)

17:44
09/16/19
09/16
17:44
09/16/19
17:44
Hot Stocks
General Dynamics, Booz Allen and Parsons awarded $427M max Air Force contract »

General Dynamics (GD),…

GD

General Dynamics

$190.91

0.98 (0.52%)

BAH

Booz Allen

$70.35

0.85 (1.22%)

PSN

Parsons

$37.25

0.35 (0.95%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 27

    Oct

T

AT&T

$37.32

-0.58 (-1.53%)

17:43
09/16/19
09/16
17:43
09/16/19
17:43
Periodicals
Suit claims AT&T told employees to make fake DirecTV accounts, Bloomberg says »

According to a lawsuit…

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  • 23

    Oct

UBER

Uber

$34.42

1.18 (3.55%)

, LYFT

Lyft

$47.78

1.68 (3.64%)

17:39
09/16/19
09/16
17:39
09/16/19
17:39
Periodicals
Uber to limit drivers' app access in NYC to comply with rules, Reuters says »

Uber (UBER) on Tuesday…

UBER

Uber

$34.42

1.18 (3.55%)

LYFT

Lyft

$47.78

1.68 (3.64%)

03/08/13
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03/06/13
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NEE

NextEra Energy

$218.31

-0.19 (-0.09%)

17:36
09/16/19
09/16
17:36
09/16/19
17:36
Conference/Events
NextEra Energy management to meet with UBS »

Meeting to be held in…

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NJR

New Jersey Resources

$44.80

-0.36 (-0.80%)

17:34
09/16/19
09/16
17:34
09/16/19
17:34
Hot Stocks
New Jersey Resources formally appoints Steve Westhoven CEO »

Following New Jersey…

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