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UAL

United Airlines

$89.66

1.34 (1.52%)

, EXPE

Expedia

$131.95

1.4 (1.07%)

15:46
09/12/19
09/12
15:46
09/12/19
15:46

United's Kirby says having talks with Expedia about new deal, Bloomberg reports

United Airlines (UAL) President Scott Kirby, speaking at a conference hosted by Morgan Stanley, said the company and Expedia (EXPE) have resumed talks on a new deal, according to Bloomberg. Kirby added that Expedia is "not on my top 10 list of things to worry about," according to Bloomberg.

UAL

United Airlines

$89.66

1.34 (1.52%)

EXPE

Expedia

$131.95

1.4 (1.07%)

  • 12

    Sep

  • 23

    Sep

UAL United Airlines
$89.66

1.34 (1.52%)

07/24/19
07/24/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cott Corp. (COT) upgraded to Buy from Neutral at Goldman Sachs with analyst Judy Hong saying the stock has underperformed relative to its peers with no significant catalysts, and the weakness more than accounts for the potential FX headwinds. 2. Celanese (CE) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the company's operating performance has proven to be "surprisingly durable." 3. Medical Properties Trust (MPW) upgraded to Buy from Hold at Stifel with analyst Chad Vanacore saying the company has a "long runway for above-average growth" given a "strong" pipeline of acquisition targets, a diversifying asset base, and the "attractive" macro environment. 4. United Continental (UAL) upgraded to In-Line from Underperform at Imperial Capital with analyst Michael Derchin saying current valuations fairly reflect the company's recent strong performance and future outlook. 5. Snap (SNAP) upgraded to Buy from Hold at Summit Insights and to Neutral from Sell at UBS. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/29/19
MACQ
07/29/19
DOWNGRADE
MACQ
Neutral
Macquarie warns about pricing pressure among airlines from Southwest competition
Macquarie analyst Susan Donofrio downgraded American Airlines (AAL), Spirit Airlines (SAVE), Hawaiian Holdings (HA), and Alaska Air (ALK) to Neutral from Outperform as part of a broader industry note, saying the competitive environment for these airlines should become "choppy" in the fall of 2019 and in 2020 as Southwest (LUV) attempts to win back market share. The analyst believes that the latter's sizable domestic scope should lead to "unit revenue softness" within the overall pricing structure, through she maintains an Outperform rating on United Airlines (UAL), Delta (DAL) and Allegiant (ALGT) given their ongoing revenue initiatives and minimal overlap with Southwest.
09/06/19
BREN
09/06/19
INITIATION
Target $95
BREN
Hold
United Continental initiated with a Hold at Berenberg
Berenberg started United Continental with a Hold rating and $95 price target.
09/06/19
BREN
09/06/19
INITIATION
BREN
Berenberg says big 4 airlines can generate cash, prefers American and Delta
As previously reported, Berenberg analyst Adrian Yanoshik initiated coverage of the four largest U.S. airlines, starting American Airlines (AAL) with a Buy rating and $35 price target, Delta Air Lines (DAL) with a Buy rating and $72 price target, United Continental (UAL) with a Hold rating and $95 price target and Southwest Airlines (LUV) with a Hold rating and $57 price target. Amid market worries over both capacity growth and demand weakness, his work suggests that U.S. airlines can generate free cash flow in "all scenarios but a 9/11-scale shock," Yanoshik tells investors. He thinks airline sector valuations reflect fears, but overlook broadly stable, albeit two-tiered, returns. He would buy American with valuation at multi-year lows as he estimates that American will narrow its margin gap to peers and thinks it debt burden is misunderstood. He would also buy Delta, which Yanoshik calls "arguably the highest-quality airline."
EXPE Expedia
$131.95

1.4 (1.07%)

07/31/19
ARGS
07/31/19
UPGRADE
Target $160
ARGS
Buy
Expedia upgraded to Buy from Hold at Argus
Argus analyst John Staszak upgraded Expedia to Buy with a price target of $160 after its Q2 earnings beat, saying the trend of online travel bookings should continue to benefit the company's Expedia.com, Hotels.com, Orbitz, and Vrbo brands. The analyst also raises his FY19 and FY20 EPS view by 30c and $1.05 to $7.10 and $8.95 respectively, adding that the stock's earnings multiple of 19.0-times remains near the low end of its five-year historical range of 17- to 36-times.
07/31/19
07/31/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. BP (BP) upgraded to Buy from Hold at Jefferies with analyst Jason Gammel saying he sees multiple near-term catalysts for the shares, including a dividend raise and share buybacks. 2. U.S. Bancorp (USB) upgraded to Neutral from Underweight at JPMorgan with analyst Vivek Juneja saying better growth in some fee revenues should partly offset the company's net interest margin pressure. 3. National Oilwell (NOV) upgraded to Buy from Neutral at Citi and to Neutral from Sell at Seaport Global. 4. Electronic Arts (EA) upgraded to Outperform from Market Perform at Cowen with analyst Douglas Creutz citing its 20% discount valuation to peers, strong Q1 results, readings from its Ordometer on its new Star Wars game, and upbeat management commentary. 5. Expedia (EXPE) upgraded to Buy from Hold at Argus with analyst John Staszak saying the trend of online travel bookings should continue to benefit the company's Expedia.com, Hotels.com, Orbitz, and Vrbo brands. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/13/19
JEFF
08/13/19
NO CHANGE
Target $36
JEFF
Underperform
Jefferies sees more downside in TripAdvisor shares, cuts target to $36
Despite a 25% decline year-to-date, shares of TripAdvisor (TRIP) still trade at a premium to "better positioned" Expedia (EXPE), while its transition continues to pressure revenue growth, Jefferies analyst Brent Thill tells investors in a research note titled "Still Not Ready to Book This Trip." The analyst acknowledges that TripAdvisor may return to growth in Q4 and fiscal 2020, but he believes it will take a few years before the company can successfully scale an Experiences business with "OTA-like" profit margins. There is still downside to TripAdvisor shares, says Thill, who cut his price target for the stock to $36 from $43 and keeps an Underperform rating on the name.
09/09/19
GUGG
09/09/19
NO CHANGE
Target $162
GUGG
Buy
Expedia set-up not 'shaping up well' into Q3 report, says Guggenheim
Guggenheim analyst Jake Fuller said the set-up for Expedia (EXPE) into the company's Q3 earnings report "does not look to be shaping up well," as his checks suggest a soft start to the quarter in the OTA business, he sees signs of ongoing pressure at VRBO - formerly Homeaway - and the fact that Trivago (TRVG) talked down Q3 given pressure in Europe. He continues to see Expedia shares as appealing and senses that investor expectations are low, but concedes that near-term headwinds are mounting, Fuller concluded. He keeps a Buy rating on Expedia shares with a $162 price target.

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AYI

Acuity Brands

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2.81 (2.30%)

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FMC

FMC Corporation

$83.06

0.6 (0.73%)

05:32
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SUBCY

Subsea 7

$0.00

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RBS

RBS

$5.82

0.38 (6.99%)

05:28
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05:28
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INOV

Inovalon

$15.04

0.2 (1.35%)

05:27
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05:27
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UTX

United Technologies

$136.17

0.26 (0.19%)

05:26
10/16/19
10/16
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HOLX

Hologic

$49.44

0.94 (1.94%)

05:25
10/16/19
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  • 06

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GLPG

Galapagos

$162.62

6.33 (4.05%)

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  • 25

    Oct

EPAY

Bottomline Technologies

$40.79

0.34 (0.84%)

05:21
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05:21
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Bottomline Technologies, Currencycloud partnership selected by Hargenant Group »

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  • 13

    Nov

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CVLT

Commvault

$45.22

-0.24 (-0.53%)

05:20
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  • 29

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  • 01

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AMZN

Amazon.com

$1,768.70

31.65 (1.82%)

05:19
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  • 24

    Oct

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WATT

Energous

$3.29

0.09 (2.81%)

05:16
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TECD

Tech Data

$111.41

1.86 (1.70%)

, APO

Apollo Global

$39.39

0.63 (1.63%)

05:15
10/16/19
10/16
05:15
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05:15
Periodicals
Apollo offered to acquire Tech Data for $130 per share in cash, Reuters reports »

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TECD

Tech Data

$111.41

1.86 (1.70%)

APO

Apollo Global

$39.39

0.63 (1.63%)

03/08/13
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  • 31

    Oct

  • 07

    Nov

MOSC

Mosaic Acquisition

$10.29

0.005 (0.05%)

05:09
10/16/19
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ASMB

Assembly Biosciences

$9.30

0.3 (3.33%)

05:06
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05:06
Initiation
Assembly Biosciences initiated  »

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  • 29

    Oct

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AVAV

AeroVironment

$57.14

0.02 (0.04%)

05:00
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PSTG

Pure Storage

$17.65

0.2 (1.15%)

04:57
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  • 12

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BOALY

Boral

$0.00

(0.00%)

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04:55
10/16/19
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MREO

Mereo BioPharma

$3.58

0.08 (2.29%)

04:55
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Conference/Events
Mereo BioPharma management to meet with SVB Leerink »

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  • 16

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CHWY

Chewy

$26.80

1.03 (4.00%)

04:55
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Conference/Events
Chewy management to meet with JPMorgan »

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