Breaking News Instant updates and real-time market news.

UBER

Uber

$34.20

0.97 (2.92%)

, LYFT

Lyft

$46.79

1.54 (3.40%)

08:38
09/12/19
09/12
08:38
09/12/19
08:38

Lyft, Uber price targets lowered at Loop Capital on AB5 legislation in CA

Loop Capital analyst Jeffrey Kauffman lowered his price target on Uber to $48 from $54 and on Lyft to $52 from $60, saying the companies' long-term earnings power is being reduced with AB5 legislation in California moving forward while effectively turning its "gig workes" into W2 employees with guaranteed wages and benefits. The analyst believes that ultimately, the companies will reach a concession that raises costs and will be passed on to consumers through higher price, resulting in some "negative demand elasticity". Kauffman keeps his ratings on Uber at Buy and Lyft at Hold.

UBER

Uber

$34.20

0.97 (2.92%)

LYFT

Lyft

$46.79

1.54 (3.40%)

UBER Uber
$34.20

0.97 (2.92%)

08/09/19
LEHM
08/09/19
NO CHANGE
Target $50
LEHM
Overweight
Uber quarter positive 'under the scorched-earth rubble,' says Barclays
For those investors looking "under the scorched-earth rubble," there are actually some positive things going on at Uber Technologies, Barclays analyst Ross Sandler tells investors in a post-earnings research note. Stripping out one-time initial public offering-related driver payments, core Rides adjusted net revenue accelerated to 20% year-over-year, says the analyst. He thinks "risk-seeking, opportunistic" investors should take advantage of any weakness into Uber's lock-up expiration. Sandler keeps a Buy rating on Uber with a $50 price target.
08/14/19
BERN
08/14/19
NO CHANGE
BERN
Tesla executive turnover notably high, 'not outlandish,' says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. performed a detailed benchmarking analysis of executive turnover at Tesla (TSLA) and at comparable companies that are young, fast growing, and largely Silicon Valley based, including Snap (SNAP), Uber (UBER), Lyft (LYFT), Airbnb, Netflix (NFLX), Facebook (FB) and Amazon (AMZN). His analysis indicates that Tesla's annualized executive turnover level has been 27%, "notably higher" than the cohort average of 15%. With that said, the analyst notes that it is "not outlandish," with Snap at 24% and Lyft at 23%, which is nearly as high.
08/26/19
GUGG
08/26/19
UPGRADE
Target $60
GUGG
Buy
Guggenheim upgrades Lyft to Buy with fares rising, incentives falling
Guggenheim analyst Jake Fuller upgraded Lyft (LYFT) to Buy from Neutral with a $60 price target. The stock closed Friday at $49.11. Improving U.S. ride hail competitive dynamics and Lyft's "surprising leverage to that trend" should allow the company to reach EBITDA positive in 2021 versus prior expectations of 2023, Fuller tells investors in a research note. The key driver of the improving competitive backdrop is simple, says Fuller. Lyft and Uber Technologies (UBER) are now public, and Uber needs margin from U.S. ride hail to support its efforts internationally and in the "highly competitive" restaurant delivery business, argues Fuller. Fares are rising and incentives are falling, contends the analyst.
09/12/19
MSCO
09/12/19
NO CHANGE
Target $53
MSCO
Overweight
Uber price target lowered to $53 from $57 at Morgan Stanley
Morgan Stanley analyst Brian Nowak said Uber's new disclosure of ridesharing vs. Eats contributions gives more clarity around Uber's path to profitability and he is optimistic this disclosure will continue going forward. Based on his new bottom-up segment-level forecast for Rides and Eats, Nowak raised his FY19 adjusted EBITDA forecast by 5% and increased his FY20 adjusted EBITDA view by 15%, putting him ahead of Street expectations for both, he tells investors. Despite being bullish about Uber's ability to show investors improving profitability, Nowak lowered his Eats FY19 and FY20 bookings estimates by 3% and 7%, respectively, and also adjusted his primary valuation methodology, leading him to lower his price target for Uber shares to $53 from $57. Nowak keeps an Overweight rating on the stock.
LYFT Lyft
$46.79

1.54 (3.40%)

08/26/19
08/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Dish (DISH) double upgraded to Strong Buy from Market Perform at Raymond James with analyst Richard Prentiss saying following the recent pullback on investor concerns about the shift from a spectrum bank to a wireless operator, now is the "opportune time" to buy shares of Dish. 2. Lyft (LYFT) upgraded to Buy from Neutral at Guggenheim with analyst Jake Fuller saying improving U.S. ride hail competitive dynamics and Lyft's "surprising leverage to that trend" should allow the company to reach EBITDA positive in 2021 versus prior expectations of 2023. 3. Canopy Growth (CGC) upgraded to Buy from Neutral at Seaport Global with analyst Brett Hundley saying Canopy shares have now "round-tripped themselves" year-to-date, and are down 7.4% compared to a 13.6% increase in the S&P 500. 4. Copel (ELP) upgraded to Overweight from Neutral at JPMorgan with analyst Fernando Abdalla saying the company's cash flows are expanding in 2019 and its leverage coming down with the start-up of important greenfield projects. 5. VICI Properties (VICI) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Thomas Allen saying the stock has underperformed since the merger announcement between Eldorado Resorts (ERI) and Caesars Entertainment (CZR) on concerns that the deal will result in greater tenant risk, but he believes that it makes Caesar's rent "better covered by free cash flows" in a recession and that the underperformance 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.
09/05/19
DBAB
09/05/19
INITIATION
Target $70
DBAB
Buy
Lyft initiated with a Buy at Deutsche Bank
Deutsche Bank started Lyft with a Buy rating and $70 price target.
09/05/19
DBAB
09/05/19
INITIATION
Target $70
DBAB
Buy
Deutsche Bank starts Lyft at Buy, says shares may be bottoming
Deutsche Bank analyst Lloyd Walmsley initiated coverage of Lyft with a Buy rating and $70 price target. The company reported "robust" Q2 results, and yet the stock has been weak around an early release from the initial public offering lockup, heightened regulatory uncertainty stemming from the California AB 5 legislation and concern this could spread nationally, a decreased appetite for unprofitable companies trading on revenue multiples, and concerns around whether or not ridesharing is a good business, Walmsley tells investors in a research note. However, he thinks Lyft shares may be bottoming. The bulk of the lockup pain is in the shares at this point, and fears around the California AB 5 impact are overblown, contends Walmsley. Further, he thinks there are barriers to scale in ridesharing. A "rational duopoly" in the U.S. makes Lyft a good business today, the analyst argues.

TODAY'S FREE FLY STORIES

SGEN

Seattle Genetics

$100.86

13.44 (15.37%)

08:15
10/22/19
10/22
08:15
10/22/19
08:15
Recommendations
Seattle Genetics analyst commentary  »

Seattle Genetics price…

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

See Street Research during your Free Trial

  • 29

    Oct

  • 07

    Dec

CTSO

CytoSorbents

$4.66

0.13 (2.87%)

08:15
10/22/19
10/22
08:15
10/22/19
08:15
Hot Stocks
CytoSorbents awarded $3M contract by U.S. Air force Materiel Command »

CytoSorbents announced…

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

See Street Research during your Free Trial

08:15
10/22/19
10/22
08:15
10/22/19
08:15
Conference/Events
Senate Commerce, Science & Transportation Committee to hold a hearing »

The Subcommittee on…

08:13
10/22/19
10/22
08:13
10/22/19
08:13
Conference/Events
Federal Reserve Bank of Dallas moderates a discussion »

Dallas Federal Reserve…

VRSK

Verisk Analytics

$153.42

-1 (-0.65%)

08:13
10/22/19
10/22
08:13
10/22/19
08:13
Hot Stocks
Property Damage Appraisers adopts Xactware's Xactimate solution »

Property Damage…

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

See Street Research during your Free Trial

  • 30

    Oct

08:12
10/22/19
10/22
08:12
10/22/19
08:12
Conference/Events
Senate Banking, Housing & Urban Affairs Committee to hold a hearing »

The Committee holds a…

YETI

Yeti

$31.90

-0.54 (-1.66%)

08:12
10/22/19
10/22
08:12
10/22/19
08:12
Recommendations
Yeti analyst commentary  »

William Blair expects…

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

See Street Research during your Free Trial

  • 31

    Oct

PRO

Pros Holdings

$56.44

-0.46 (-0.81%)

, IBM

IBM

$132.55

-1.55 (-1.16%)

08:12
10/22/19
10/22
08:12
10/22/19
08:12
Hot Stocks
Pros Holdings announces John Allessio as chief customer officer »

Pros Holdings (PRO)…

PRO

Pros Holdings

$56.44

-0.46 (-0.81%)

IBM

IBM

$132.55

-1.55 (-1.16%)

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

See Street Research during your Free Trial

  • 24

    Oct

  • 27

    Oct

  • 18

    Nov

  • 19

    Nov

IR

Ingersoll-Rand

$117.95

0.65 (0.55%)

08:11
10/22/19
10/22
08:11
10/22/19
08:11
Conference/Events
Senate Energy & Natural Resources Committee to hold a hearing »

The Committee holds a…

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

See Street Research during your Free Trial

  • 22

    Oct

  • 29

    Oct

BIIB

Biogen

$223.57

3.52 (1.60%)

08:11
10/22/19
10/22
08:11
10/22/19
08:11
Hot Stocks
Biogen CEO says aducanumab result gives hope for BAN2401 »

Michel Vounatsos,…

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

See Street Research during your Free Trial

  • 22

    Oct

NTWK

NetSol Technologies

$5.27

-0.02 (-0.38%)

08:10
10/22/19
10/22
08:10
10/22/19
08:10
Hot Stocks
NetSol's NFS Ascent Wholesale Platform goes live in China for auto captive »

NETSOL Technologies has…

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

See Street Research during your Free Trial

08:10
10/22/19
10/22
08:10
10/22/19
08:10
Conference/Events
The FDIC to hold a committee meeting »

The FDIC Advisory…

08:08
10/22/19
10/22
08:08
10/22/19
08:08
Conference/Events
CFTC Commissioner participates in a conference »

Dawn Stump, Commissioner…

VSAT

ViaSat

$71.91

0.43 (0.60%)

08:08
10/22/19
10/22
08:08
10/22/19
08:08
Hot Stocks
ViaSat announces business aviation connectivity approved by FAA »

Viasat announced its…

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

See Street Research during your Free Trial

PCAR

Paccar

$72.88

0.83 (1.15%)

08:08
10/22/19
10/22
08:08
10/22/19
08:08
Earnings
Paccar reports Q3 EPS $1.75, consensus $1.65 »

Reports Q3 revenue…

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

See Street Research during your Free Trial

  • 22

    Oct

  • 24

    Oct

KLDO

Kaleido Biosciences

$5.45

0.51 (10.33%)

08:07
10/22/19
10/22
08:07
10/22/19
08:07
Hot Stocks
Kaleido, Washington University School of Medicine announce collaboration »

Kaleido Biosciences has…

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

See Street Research during your Free Trial

AMCR

Amcor

$9.68

0.09 (0.94%)

08:07
10/22/19
10/22
08:07
10/22/19
08:07
Initiation
Amcor initiated  »

Amcor initiated with an…

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

See Street Research during your Free Trial

AB

AllianceBernstein

$28.47

0.4 (1.43%)

, AVLR

Avalara

$66.83

0.435 (0.66%)

08:07
10/22/19
10/22
08:07
10/22/19
08:07
Conference/Events
Associated for Financial Professionals to hold a conference »

AFP 2019 will be held in…

AB

AllianceBernstein

$28.47

0.4 (1.43%)

AVLR

Avalara

$66.83

0.435 (0.66%)

AXP

American Express

$119.10

2.28 (1.95%)

BCS

Barclays

$8.52

0.04 (0.47%)

BBT

BB&T

$53.45

0.77 (1.46%)

BBD

Banco Bradesco

$8.15

-0.015 (-0.18%)

BK

BNY Mellon

$45.67

0.33 (0.73%)

BL

BlackLine

$47.58

1.19 (2.57%)

BLK

BlackRock

$453.79

8.53 (1.92%)

BMO

Bank of Montreal

$74.46

0.68 (0.92%)

C

Citi

$71.84

2.08 (2.98%)

COF

Capital One

$91.36

1.545 (1.72%)

DB

Deutsche Bank

$8.09

0.155 (1.95%)

FII

Federated Investors

$32.04

0.66 (2.10%)

FITB

Fifth Third

$28.04

0.71 (2.60%)

GS

Goldman Sachs

$209.30

2.69 (1.30%)

HSBC

HSBC

$39.14

0.42 (1.08%)

INTL

INTL FCStone

$40.36

0.36 (0.90%)

JPM

JPMorgan

$123.56

2.96 (2.45%)

MS

Morgan Stanley

$45.00

1.3 (2.97%)

MSFT

Microsoft

$138.43

1.09 (0.79%)

MTB

M&T Bank

$154.07

1.98 (1.30%)

MUFG

Mitsubishi UFJ

$5.14

0.105 (2.09%)

USB

U.S. Bancorp

$56.19

1.125 (2.04%)

V

Visa

$176.52

0.69 (0.39%)

WFC

Wells Fargo

$50.45

0.47 (0.94%)

WK

Workiva

$40.51

0.41 (1.02%)

SAP

SAP

$132.69

3.56 (2.76%)

STT

State Street

$65.42

2.02 (3.19%)

STI

SunTrust

$68.78

0.91 (1.34%)

TD

Toronto-Dominion

$56.80

0.34 (0.60%)

PRU

Prudential

$90.85

1.11 (1.24%)

UBS

UBS

$11.53

0.18 (1.59%)

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

See Street Research during your Free Trial

  • 22

    Oct

  • 22

    Oct

  • 22

    Oct

  • 23

    Oct

  • 24

    Oct

  • 24

    Oct

  • 24

    Oct

  • 24

    Oct

  • 25

    Oct

  • 25

    Oct

  • 26

    Oct

  • 27

    Oct

  • 29

    Oct

  • 29

    Oct

  • 29

    Oct

  • 30

    Oct

  • 31

    Oct

  • 04

    Nov

  • 04

    Nov

  • 05

    Nov

  • 05

    Nov

  • 06

    Nov

  • 06

    Nov

  • 06

    Nov

  • 08

    Nov

  • 10

    Nov

  • 12

    Nov

  • 13

    Nov

  • 19

    Nov

  • 21

    Nov

  • 21

    Nov

  • 06

    Dec

  • 09

    Dec

  • 10

    Dec

  • 14

    Jan

  • 14

    Jan

  • 14

    Jan

  • 15

    Jan

AIR

AAR Corp.

$40.18

0.37 (0.93%)

08:06
10/22/19
10/22
08:06
10/22/19
08:06
Hot Stocks
AAR subsidiary signs agreement with JetBlue »

AAR subsidiary Airinmar…

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

See Street Research during your Free Trial

AZRX

AzurRx BioPharma

$0.81

0.04 (5.19%)

08:06
10/22/19
10/22
08:06
10/22/19
08:06
Hot Stocks
AzurRx BioPharma CEO says 'on track' to meet with FDA in December »

AzurRx BioPharma issued a…

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

See Street Research during your Free Trial

MCD

McDonald's

$209.85

1.365 (0.65%)

08:05
10/22/19
10/22
08:05
10/22/19
08:05
Hot Stocks
McDonald's CEO says 'our third quarter performance was strong' »

"Our third quarter…

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

See Street Research during your Free Trial

  • 22

    Oct

NVIV

InVivo Therapeutics

$0.49

0.03 (6.52%)

08:04
10/22/19
10/22
08:04
10/22/19
08:04
Hot Stocks
InVivo Therapeutics announces INSPIRE 2.0 study at 25% enrollment »

InVivo Therapeutics…

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

See Street Research during your Free Trial

NUE

Nucor

$51.78

0.09 (0.17%)

08:04
10/22/19
10/22
08:04
10/22/19
08:04
Hot Stocks
Nucor expects Q4 earnings to decrease from Q3 »

The company said,…

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

See Street Research during your Free Trial

  • 22

    Oct

WABC

Westamerica

$65.19

0.71 (1.10%)

08:04
10/22/19
10/22
08:04
10/22/19
08:04
Recommendations
Westamerica analyst commentary  »

Westamerica price target…

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

See Street Research during your Free Trial

HAL

Halliburton

$19.60

1.16 (6.29%)

08:04
10/22/19
10/22
08:04
10/22/19
08:04
Recommendations
Halliburton analyst commentary  »

Halliburton results and…

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

See Street Research during your Free Trial

  • 13

    Nov

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.