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DE

Deere

$164.95

-1.64 (-0.98%)

09:26
10/09/19
10/09
09:26
10/09/19
09:26

Deere quarter may be better than feared, says Baird

Baird analyst Mig Dobre said a proprietary call with Ag Equipment Intelligence discussed the 2020 North American Ag Dealers outlook. He said the outlook survey has proven to be directionally reliable giving him cause to believe Deere's quarter may be better than feared. Although risks remain, pricing is setting up to be very strong which should meaningfully help margins and corn prices could be a driver of retail demand improvement. Dobre reiterated his Outperform rating and $178 price target on Deere shares.

  • 27

    Nov

DE Deere
$164.95

-1.64 (-0.98%)

09/12/19
WELS
09/12/19
DOWNGRADE
Target $143
WELS
Market Perform
Caterpillar downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Andrew Casey downgraded Caterpillar (CAT) to Market Perform from Outperform and lowered his price target for the shares to $143 from $150. The analyst downgraded both Caterpillar and Deere (DE) following "relatively lackluster" Q3 construction dealer channel check feedback. U.S. construction equipment demand is at or near peak and likely will decline during 2020 due to flattening activity and a shift to equipment rental from purchase, Casey tells investors in a research note. Further, other businesses within each company's portfolio will remain flat as a potential 2020 U.S. construction equipment demand drop will put downward pressure on earnings power, contends the analyst.
09/12/19
WELS
09/12/19
DOWNGRADE
Target $170
WELS
Market Perform
Deere downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Andrew Casey downgraded Deere (DE) to Market Perform from Outperform with an unchanged price target of $170. The analyst downgraded both Caterpillar and Deere following "relatively lackluster" Q3 construction dealer channel check feedback. U.S. construction equipment demand is at or near peak and likely will decline during 2020 due to flattening activity and a shift to equipment rental from purchase, Casey tells investors in a research note. Further, other businesses within each company's portfolio will remain flat as a potential 2020 U.S. construction equipment demand drop will put downward pressure on earnings power, contends the analyst.
09/12/19
09/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Square (SQ) assumed with a Hold from Buy at Canaccord with analyst Joseph Vafi saying the stock will continue to react to changes in payment volume growth, which has been showing steady deceleration. 2. Deere (DE) and Caterpillar (CAT) were downgraded to Market Perform from Outperform at Wells Fargo. 3. Prudential (PRU) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Alex Scott saying Voya Financial (VOYA) has a better ability to beat earnings estimates in the near term as well as in 2020 and 2021 relative to Prudential. 4. Invesco (IVZ) downgraded to Neutral from Overweight at JPMorgan with analyst Kenneth Worthington saying continued Oppenheimer outflows "show few signs of slowing," making it unlikely for the stock to outperform despite a cheap valuation. 5. DXC Technology (DXC) was downgraded to In Line from Outperform at Evercore ISI and to Neutral from Positive at Susquehanna. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/30/19
BARD
09/30/19
NO CHANGE
Target $176
BARD
Outperform
Deere price target raised to $176 from $161 at Baird
Baird analyst Mig Dobre raised his price target on Deere to $176 from $161 following meetings with management. The analyst said investors were focuses on long-term growth and margin drivers as well as understanding emerging technologies and the company's ability to monetize them. His view is the long-term opportunity remains attractive and sees them as a best-in-class operator so any weakness would be a buying opportunity. Dobre reiterated his Outperform rating on Deere shares.

TODAY'S FREE FLY STORIES

C

Citi

$72.11

0.03 (0.04%)

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ALXN

Alexion

$105.68

6.46 (6.51%)

12:40
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SHI

Sinopec Shanghai

$28.18

-0.44 (-1.54%)

12:40
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FX Action: USD-JPY »

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SoftBank

$0.00

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We Company

$0.00

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We Company

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BMY

Bristol-Myers

$53.89

-0.55 (-1.01%)

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Roche

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RHHBY

Roche

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NVS

Novartis

$86.51

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GSK

GlaxoSmithKline

$43.27

0.76 (1.79%)

AZN

AstraZeneca

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0.69 (1.57%)

SNY

Sanofi

$45.54

0.23 (0.51%)

PFE

Pfizer

$36.63

0.19 (0.52%)

MRK

Merck

$82.39

1.09 (1.34%)

LLY

Eli Lilly

$106.97

-3.03 (-2.75%)

JNJ

Johnson & Johnson

$130.13

0.95 (0.74%)

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HEXO

Hexo

$2.54

-0.05 (-1.93%)

12:32
10/23/19
10/23
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12:32
Syndicate
Hexo announces C$70M private placement of convertible debentures »

Hexo Corp announced that…

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CRM

Salesforce

$145.02

2.75 (1.93%)

12:30
10/23/19
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12:30
Options
Heavy delta short term call buyer in Salesforce »

Heavy delta short term…

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  • 16

    Dec

DYMEF

DionyMed Brands

$0.00

(0.00%)

12:29
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DionyMed Brands receives court application seeking to appoint receiver »

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CMG

Chipotle

$785.08

-46.605 (-5.60%)

12:29
10/23/19
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Periodicals
Hedgeye sees 30% downside in Chipotle, adds to Best Idea Short List 

Reported by Bloomberg.

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  • 12

    Nov

BA

Boeing

$340.95

3.5 (1.04%)

, CAT

Caterpillar

$133.30

-0.39 (-0.29%)

12:28
10/23/19
10/23
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10/23/19
12:28
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks have been a bit…

BA

Boeing

$340.95

3.5 (1.04%)

CAT

Caterpillar

$133.30

-0.39 (-0.29%)

TXN

Texas Instruments

$120.05

-8.56 (-6.66%)

LLY

Eli Lilly

$106.95

-3.05 (-2.77%)

FB

Facebook

$184.57

2.3 (1.26%)

ADI

Analog Devices

$106.03

-4.88 (-4.40%)

MCHP

Microchip

$93.22

-3.09 (-3.21%)

XLNX

Xilinx

$94.81

-1.2 (-1.25%)

NXPI

NXP Semiconductors

$104.12

-3.62 (-3.36%)

TNK

Teekay Tankers

$2.21

0.22 (11.06%)

WGO

Winnebago

$46.96

4.17 (9.75%)

TMO

Thermo Fisher

$296.86

15.97 (5.69%)

SNAP

Snap

$13.22

-0.78 (-5.57%)

REZI

Resideo

$9.06

-6.11 (-40.28%)

LRN

K12

$20.03

-4.81 (-19.36%)

CMG

Chipotle

$784.15

-47.535 (-5.72%)

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SPLK

Splunk

$117.82

7.41 (6.71%)

12:25
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Options
Splunk call volume above normal and directionally bullish »

Bullish option flow…

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TMO

Thermo Fisher

$297.03

16.14 (5.75%)

12:23
10/23/19
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Thermo Fisher analyst commentary  »

Thermo Fisher price…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
10/23/19
10/23
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
10/23/19
10/23
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12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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GPS

Gap

$17.60

-0.27 (-1.51%)

12:15
10/23/19
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Options
Gap put volume heavy and directionally bearish »

Bearish flow noted in Gap…

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  • 21

    Nov

PYPL

PayPal

$95.85

-1.55 (-1.59%)

, SYF

Synchrony

$34.88

-0.1 (-0.29%)

12:14
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Earnings
Fly Intel: What to watch in PayPal earnings report »

PayPal (PYPL) is…

PYPL

PayPal

$95.85

-1.55 (-1.59%)

SYF

Synchrony

$34.88

-0.1 (-0.29%)

V

Visa

$171.35

0.46 (0.27%)

MA

MasterCard

$260.61

-0.69 (-0.26%)

FB

Facebook

$184.50

2.23 (1.22%)

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F

Ford

$9.04

-0.025 (-0.28%)

12:00
10/23/19
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12:00
Options
Large pre-earnings calendar spread in Ford ahead of earnings »

Large pre-earnings…

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  • 23

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TXN

Texas Instruments

$120.29

-8.32 (-6.47%)

11:50
10/23/19
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Options
Aggressive post-earnings put seller in Texas Instruments »

Aggressive post-earnings…

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GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

, FB

Facebook

$185.39

3.12 (1.71%)

11:48
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Periodicals
Bitcoin falls amid Zuckerberg testimony on Facebook's Libra, Bloomberg says »

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GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

FB

Facebook

$185.39

3.12 (1.71%)

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SPY

SPDR S&P 500 ETF Trust

$299.50

0.47 (0.16%)

, SPX

S&P 500

$0.00

(0.00%)

11:47
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General news
President Trump says lifting sanctions on Turkey with ceasefire to be permanent »

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SPY

SPDR S&P 500 ETF Trust

$299.50

0.47 (0.16%)

SPX

S&P 500

$0.00

(0.00%)

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ZS

Zscaler

$41.57

0.84 (2.06%)

11:45
10/23/19
10/23
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11:45
Options
Zscaler call volume above normal and directionally bullish »

Bullish option flow…

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  • 16

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11:45
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11:45
General news
Treasury's $20 B 2-year FRN was awarded at a high discount margin of 0.300% »

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SDC

SmileDirectClub

$10.19

0.685 (7.21%)

11:39
10/23/19
10/23
11:39
10/23/19
11:39
Recommendations
SmileDirectClub analyst commentary  »

Guggenheim says…

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  • 12

    Nov

HEXO

Hexo

$2.54

-0.05 (-1.93%)

11:39
10/23/19
10/23
11:39
10/23/19
11:39
Hot Stocks
Breaking Hot Stocks news story on Hexo »

Hexo Corp trading halted,…

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