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AFIN

American Finance Trust

$13.49

0.13 (0.97%)

, IRET

Investors Real Estate

$71.92

0.42 (0.59%)

10:12
09/16/19
09/16
10:12
09/16/19
10:12

Fly Intel: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Finance Trust (AFIN) initiated with a Neutral at B. Riley FBR. 2. Investors Real Estate (IRET) initiated with a Buy at BTIG. 3. Preferred Apartment (APTS) initiated with a Buy at National Securities. 4. Enphase Energy (ENPH) initiated with an Overweight at JPMorgan. 5. Zoom Video (ZM) initiated with an Outperform at Baird. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

AFIN

American Finance Trust

$13.49

0.13 (0.97%)

IRET

Investors Real Estate

$71.92

0.42 (0.59%)

APTS

Preferred Apartment

$14.60

0.12 (0.83%)

ENPH

Enphase Energy

$24.07

1.99 (9.01%)

ZM

Zoom Video

$79.31

0.46 (0.58%)

  • 16

    Sep

  • 20

    Sep

  • 30

    Sep

  • 01

    Oct

AFIN American Finance Trust
$13.49

0.13 (0.97%)

09/16/19
RILY
09/16/19
INITIATION
Target $14
RILY
Neutral
American Finance Trust initiated with a Neutral at B. Riley FBR
B. Riley FBR started American Finance Trust with a Neutral rating and $14 price target.
09/19/18
BMOC
09/19/18
INITIATION
Target $17
BMOC
Market Perform
American Finance Trust initiated with a Market Perform at BMO Capital
As reported earlier, BMO Capital analyst R. Jeremy Metz initiated American Finance Trust with a Market Perform rating and a price target of $17, saying the REIT offers a "unique, predominately retail-oriented portfolio" with long-duration single-tenant assets as well as large multi-tenant shopping centers. The analyst adds that there is near-term upside potential for American Finance Trust from an active deal pipeline and a possible index inclusion in November, but also warns about the headwinds of increased supply as more shares unlock, along with a "challenging retail environment and external management structure".
09/18/18
BMOC
09/18/18
INITIATION
BMOC
Market Perform
American FinanceTrust initiated with a Market Perform at BMO Capital
IRET Investors Real Estate
$71.92

0.42 (0.59%)

07/22/19
COMP
07/22/19
INITIATION
Target $67.5
COMP
Buy
Investors Real Estate initiated with a Buy at Compass Point
Compass Point analyst Merrill Ross initiated coverage of Investors Real Estate (IRET) with a Buy rating and $67.50 price target. As previously reported, Ross also started coverage of UMH Properties (UMH) with a Buy rating and $19.50 price target. The firm also transferred coverage of five additional REITs - Bluerock Residential Growth (BRG), BRT Apartments (BRT), Independence Realty Trust (IRT), NexPoint Residential (NXRT) and Preferred Apartments Communities (APTS) - to Ross.
09/25/18
BARD
09/25/18
UPGRADE
Target $6
BARD
Outperform
Investors Real Estate upgraded to Outperform at Baird
As reported previously, Baird analyst Drew Babin upgraded Investors Real Estate to Outperform from Neutral. The analyst believes its AFFO per share is stabilizing at a level roughly in line with the dividend distribution and the proper management team, portfolio, and operating structure are in place to improve revenue growth. Babin has a $6 price target on Investors Real Estate shares.
06/14/19
BMOC
06/14/19
INITIATION
Target $68
BMOC
Outperform
Investors Real Estate initiated with an Outperform at BMO Capital
BMO Capital analyst John Kim started Investors Real Estate with an Outperform rating and $68 price target. The company has made "notable progress" in becoming a focused apartment real estate investment trust, Kim tells investors in a research note. The analyst believes Investors Real Estate is beginning to maximize revenue and operational efficiencies in attractive markets, while maintaining a solid balance sheet.
09/16/19
BTIG
09/16/19
INITIATION
Target $79
BTIG
Buy
Investors Real Estate initiated with a Buy at BTIG
BTIG analyst James Sullivan initiated Investors Real Estate with a Buy rating and a price target of $79, saying the REIT offers investors an opportunity to participate in a portfolio with "stable, B-quality" assets that have been under-managed and which typically tend to outperform over the latter stages of a cycle. The analyst expects Investors Real Estate's top line to grow at a rate above the peer group over the next several quarters after it rolled out a "more aggressive" operating management platform, introduced "several ancillary" revenue programs, and launched a "value-add re-investment program" in its portfolio. Sullivan further anticipates "substantial gains" in the REIT's operating margins.
APTS Preferred Apartment
$14.60

0.12 (0.83%)

07/31/19
DADA
07/31/19
INITIATION
Target $16
DADA
Neutral
Preferred Apartment assumed with a Neutral at DA Davidson
DA Davidson analyst Barry Oxford assumed coverage of Preferred Apartment with a Neutral rating and a lowered price target of $16 vs. $20 prior. The analyst notes that while the same-store net operating income on the REIT increased 3.9% and occupancy remained flat, he is concerned by the company's debt levels and an over 100% AFFO payout ratio on the dividend.
07/30/19
DADA
07/30/19
DOWNGRADE
DADA
Neutral
Preferred Apartment downgraded to Neutral from Buy at DA Davidson
09/16/19
NATL
09/16/19
INITIATION
Target $18
NATL
Buy
Preferred Apartment initiated with a Buy at National Securities
National Securities initiated Preferred Apartment with a Buy and $18 price target.
ENPH Enphase Energy
$24.07

1.99 (9.01%)

08/07/19
OPCO
08/07/19
NO CHANGE
Target $78
OPCO
Outperform
SolarEdge price target raised to $78 from $66 at Oppenheimer
Oppenheimer analyst Colin Rusch raised his price target for SolarEdge (SEDG) to $78 from $66 after the company posted upside to Q2 expectations while guiding Q3 revenue 20% above Street expectations. While incrementally lower gross margin guidance may disappoint some investors, it is clear that SolarEdge's market position is not being negatively impacted by Enphase Energy (ENPH) performing well, the analyst contends. Rusch reiterates an Outperform rating on SolarEdge's shares.
08/26/19
NORL
08/26/19
NO CHANGE
Target $40
NORL
Outperform
Enphase Energy price target raised to $40 from $28 at Northland
Northland analyst Gus Richard raised his price target for Enphase Energy to $40 from $28 saying investors are underestimating the barriers to entry for the company's ASICs and software development. Further, Enphase is moving up the value chain as its solution outsources commodity activities and instead addresses the complexity of energy management, Richard tells investors in a research note. He reiterates an Outperform rating on the shares.
09/16/19
JPMS
09/16/19
INITIATION
Target $32
JPMS
Overweight
Enphase Energy initiated with an Overweight at JPMorgan
JPMorgan analyst Mark Strouse started Enphase Energy with an Overweight rating and December 2020 price target of $32. The analyst is "encouraged" by Enphase's fundamental outlook, driven by industry tailwinds as well as company-specific tailwinds from new products, improving margins and cash flow, and international expansion opportunities. Further, despite the recent outperformance, the analyst believes the stock's valuation remains attractive on a growth-adjusted basis.
09/12/19
ROTH
09/12/19
NO CHANGE
ROTH
Buy
Generac success against Enphase, SolarEdge not guaranteed, says Roth Capital
Roth Capital analyst Philip Shen, in response to a report issued earlier today by Citron Research recommending shorting Enphase Energy (ENPH) and Solaredge Technologies (SEDG), said his quick initial checks with a potential customer, who he identified as "a top 10 U.S. resi installer, called Generac's (GNRC) residential solar solution "expensive and clunky." Entering the market "does not mean the company will succeed," stated Shen, who added that the inverter landscape "is littered with failed efforts and companies that have tried to copy" Enphase and Solaredge. The analyst, who thinks the Generac threat is "likely limited," sees the pullback in the other two stocks as an attractive opportunity to add shares and maintains Buy ratings on both.
ZM Zoom Video
$79.31

0.46 (0.58%)

09/16/19
BARD
09/16/19
INITIATION
Target $100
BARD
Outperform
Zoom Video initiated with an Outperform at Baird
Baird analyst William Power initiated Zoom video with an Outperform as he believes it has revolutionized video conferencing marketing driving year-over-year revenue growth along with strong profitability. He believes its sets them apart from other SaaS names. The analyst also believes Zoom Phone opens another large frontier in replacing legacy phone systems. Power has a $100 price target on Zoom Video shares.
09/10/19
FBNS
09/10/19
INITIATION
Target $85
FBNS
Sector Perform
Zoom Video initiated with a Sector Perform at FBN Securities
FBN Securities analyst Shebly Seyrafi started Zoom Video with a Sector Perform rating and $85 price target.
09/06/19
STFL
09/06/19
NO CHANGE
Target $90
STFL
Hold
Zoom Video results 'pretty darn close' to 'perfection,' says Stifel
Stifel analyst Tom Roderick said Zoom Video reported Q2 results that "easily" beat Street expectations again in the company's second earnings report as a public company. Additionally, the company's guidance for the rest of FY20 "will serve to completely shred all Street models," said Roderick, who thinks the shares are "priced for perfection" but Zoom's results were "pretty darn close" to that. He keeps a Hold rating on the stock, entirely on valuation, but raised his price target on Zoom shares to $90 from $80.
09/06/19
RBCM
09/06/19
INITIATION
Target $99
RBCM
Sector Perform
Zoom Video assumed with a Sector Perform at RBC Capital
RBC Capital analyst Alex Zukin assumed coverage of Zoom Video with a Sector Perform rating and a raised price target of $99 from $86 prior. The analyst believes that the company can more than triple its revenue from FY19 to FY22 while still generating profits, calling it a "disruptor" in its market where it stands to gain share thanks to its "architectural superiority, intuitive user experience, intense customer focus, and flexible pricing."

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MYOV

Myovant Sciences

$6.02

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INVH

Invitation Homes

$29.95

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$369.50

-2.05 (-0.55%)

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$57.77

-0.03 (-0.05%)

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$369.50

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GBDC

Golub Capital

$17.79

0.045 (0.25%)

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GM

General Motors

$36.62

-0.25 (-0.68%)

, TM

Toyota

$143.53

-0.76 (-0.53%)

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Periodicals
CA to halt purchase of GM, Toyota, Fiat Chrysler vehicles, Reuters reports »

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General Motors

$36.62

-0.25 (-0.68%)

TM

Toyota

$143.53

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FCAU

Fiat Chrysler

$15.63

-0.39 (-2.43%)

NSANY

Nissan

$0.00

(0.00%)

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  • 19

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CRMT

America's Car-Mart

$90.88

3.22 (3.67%)

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$50.26

-1.35 (-2.62%)

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CRMT

America's Car-Mart

$90.88

3.22 (3.67%)

WUBA

58.com

$50.26

-1.35 (-2.62%)

BILI

Bilibili

$16.39

-0.32 (-1.92%)

SAEX

SAExploration

$1.51

-0.05 (-3.21%)

CLVS

Clovis

$7.05

0.68 (10.68%)

NOW

ServiceNow

$266.56

6.65 (2.56%)

OKTA

Okta

$121.21

3.76 (3.20%)

SPLK

Splunk

$122.64

3.49 (2.93%)

WWD

Woodward

$113.64

-1.15 (-1.00%)

KRNT

Kornit Digital

$33.07

-1.13 (-3.30%)

ASH

Ashland

$78.65

0.03 (0.04%)

VNET

21Vianet

$8.28

0.23 (2.86%)

DHT

DHT Holdings

$7.52

-0.2 (-2.59%)

KRTX

Karuna Therapeutics

$94.70

77.44 (448.67%)

EGHT

8x8, Inc.

$20.78

0.13 (0.63%)

I

Intelsat

$7.98

-5.42 (-40.45%)

PFGC

Performance Food Group

$46.09

-0.08 (-0.17%)

EFC

Ellington Financial

$18.79

0.01 (0.05%)

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  • 19

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    Nov

LEVI

Levi Strauss

$17.06

-0.115 (-0.67%)

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CSCO

Cisco

$45.17

0.07 (0.16%)

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ABBV

AbbVie

$88.71

0.07 (0.08%)

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  • 07

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PRQR

ProQR Therapeutics

$6.27

-0.64 (-9.26%)

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BILI

Bilibili

$16.39

-0.32 (-1.92%)

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Earnings
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  • 18

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WUBA

58.com

$50.26

-1.35 (-2.62%)

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  • 19

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BILI

Bilibili

$16.39

-0.32 (-1.92%)

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WUBA

58.com

$50.26

-1.35 (-2.62%)

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BILI

Bilibili

$16.39

-0.32 (-1.92%)

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Earnings
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  • 18

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DDOG

Datadog

$40.36

-0.33 (-0.81%)

, AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

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Amazon.com

$1,752.70

15.21 (0.88%)

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Conference/Events
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GVA

Granite Construction

$26.50

-0.6 (-2.21%)

17:54
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ZS

Zscaler

$44.46

-1.37 (-2.99%)

, MSFT

Microsoft

$150.35

0.4 (0.27%)

17:51
11/18/19
11/18
17:51
11/18/19
17:51
Initiation
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ZS

Zscaler

$44.46

-1.37 (-2.99%)

MSFT

Microsoft

$150.35

0.4 (0.27%)

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  • 20

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  • 03

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  • 04

    Dec

  • 09

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  • 16

    Dec

OKTA

Okta

$121.21

3.76 (3.20%)

17:51
11/18/19
11/18
17:51
11/18/19
17:51
Upgrade
Okta rating change at DA Davidson »

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  • 05

    Dec

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    Dec

PANW

Palo Alto Networks

$248.50

1.465 (0.59%)

17:48
11/18/19
11/18
17:48
11/18/19
17:48
Initiation
Palo Alto Networks initiated at DA Davidson »

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  • 25

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