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PK

Park Hotels & Resorts

$25.32

-0.38 (-1.48%)

, INGN

Inogen

$47.05

-0.91 (-1.90%)

18:03
09/12/19
09/12
18:03
09/12/19
18:03

S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices

Park Hotels & Resorts (PK) will replace Inogen (INGN) in the S&P MidCap 400 and Inogen will replace Chesapeake Lodging Trust (CHSP) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, September 18. Park Hotels & Resorts is acquiring Chesapeake Lodging Trust in a transaction expected to be completed on or about that date pending final conditions. Inogen has a market capitalization that is more representative of the small-cap market space.

PK

Park Hotels & Resorts

$25.32

-0.38 (-1.48%)

INGN

Inogen

$47.05

-0.91 (-1.90%)

CHSP

Chesapeake Lodging

$26.88

-0.21 (-0.78%)

PK Park Hotels & Resorts
$25.32

-0.38 (-1.48%)

09/12/19
EVER
09/12/19
UPGRADE
Target $31
EVER
Outperform
Evercore ISI upgrades 'unjustifiably cheap' Park Hotels to Outperform
As previously reported, Evercore ISI analyst Rich Hightower upgraded Park Hotels & Resorts (PK) to Outperform from In Line following Chesapeake Lodging Trust (CHSP) shareholders' approval of the proposed merger with Park. The rating change "is not necessarily an incrementally bullish call on the lodging cycle overall," but is due to his view that Park Hotels shares have gotten "unjustifiably cheap" when compared to peers since the merger announcement, despite the improvement in portfolio quality that comes along with the acquisition, Hightower tells investors. He trimmed his price target on Park Hotels shares to $31 from $33.
09/12/19
EVER
09/12/19
UPGRADE
EVER
Outperform
Park Hotels & Resorts upgraded to Outperform from In Line at Evercore ISI
06/25/19
SOCO
06/25/19
INITIATION
Target $34
SOCO
Overweight
Park Hotels & Resorts initiated with an Overweight at Capital One
Capital One initiated Park Hotels & Resorts with an Overweight and $34 price target.
09/03/19
WELS
09/03/19
NO CHANGE
WELS
Hurricane Dorian should further mute growth for lodging industry, says Wells Fargo
Noting that the lodging industry was already experiencing a relatively week Q3 to date, Wells Fargo analyst Dori Kesten says that the impact of Hurricane Dorian over Labor Day weekend and now this week should further mute growth. Lodging companies with the largest exposure to these coastal markets, as well as Orlando whose airport closed and Miami which is still expected to experience tropical storm force winds, include Ryman Hospitality Properties (RHP), Hyatt Hotels (H), Xenia Hotels & Resorts (XHR), Park Hotels & Resorts (PK), and Hersha Hospitality (HT), with over 10% of rooms exposed, he notes. Excluding Orlando, the analyst believes those with the greatest exposure would be Hersha Hospitality, RLJ Lodging Trust, and Apple Hospitality REIT (APLE).
INGN Inogen
$47.05

-0.91 (-1.90%)

09/12/19
PIPR
09/12/19
NO CHANGE
Target $80
PIPR
Overweight
Piper confident in Inogen's double-digit growth potential for 2020
Piper Jaffray analyst JP McKim says he left investor meetings with Inogen management more confident in the company's double-digit 2020 growth potential and excited about the New Aera acquisition. While Q3 still has its challenges from a year-over-year comp perspective, the stock's valuation reflects most of that, McKim tells investors in a research note. Inogen is confident in its strategy and will ultimately grow the sales force in 2020, adds the analyst. He keeps an Overweight rating on the shares with an $80 price target.
08/27/19
WBLR
08/27/19
NO CHANGE
WBLR
Outperform
Inogen commentary suggests 2019 guidance achievable, says William Blair
After hosting an investor dinner with CEO Scott Wilkinson and CFO Ali Bauerlein, William Blair analyst Margaret Kaczor believes Inogen is making progress on improving the predictability of its direct-to-consumer business and underlying market opportunity. That said, the analyst views Q3 as the likely "low-water mark before growth reaccelerates." Management's commentary suggests full year 2019 guidance is achievable and potentially conservative with a path to return to potential double-digit growth in 2020, Kaczor tells investors in a research note. The analyst, who admits Inogen "remains in a show-me state," keeps an Outperform rating on the shares.
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
08/08/19
DOWNGRADE
Target $47

Market Perform
Inogen downgraded to Market Perform at SVB Leerink
As previously reported, SVB Leerink analyst Danielle Antalffy downgraded Inogen to Market Perform from Outperform and lowered her price target on the shares to $47 from $78. While the analyst does believe in the incremental growth runway within POCs alone, the trajectory from here is a bit of a question to her due not only to recent execution issues on the D2C side of the business but also potentially changing/shifting market dynamics that could drive a longer and slower adoption curve than the about 50%-plus B2B domestic growth seen over the 2016-mid-2018 timeframe. Given her lack of confidence in the timing to drive a stabilization and return to solid and sustainable double-digit growth, Antalffy is moving to the sidelines.
CHSP Chesapeake Lodging
$26.88

-0.21 (-0.78%)

05/08/19
BARD
05/08/19
DOWNGRADE
Target $31
BARD
Neutral
Chesapeake Lodging downgraded to Neutral from Outperform at Baird
Baird analyst Michael Bellisario downgraded Chesapeake Lodging Trust to Neutral from Outperform with a $31 price target.
01/08/19
BARD
01/08/19
UPGRADE
Target $31
BARD
Outperform
Chesapeake Lodging upgraded to Outperform at Baird
As reported previously, Baird analyst Michael Bellisario upgraded Chesapeake Lodging to Outperform from Neutral. The analyst said the recent selloff in the shares appears overdone relative to fundamentals. He sees a near-term bounce as the shares are currently where shares have bottomed this cycle. Bellisario maintained his $31 price target on Chesapeake Lodging shares.
01/08/19
BARD
01/08/19
UPGRADE
BARD
Outperform
Chesapeake Lodging upgraded to Outperform from Neutral at Baird

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AGN

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PFE

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CNCE

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INCY

Incyte

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