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GTES

Gates Industrial

$8.79

-0.705 (-7.43%)

12:00
10/09/19
10/09
12:00
10/09/19
12:00

Gates Industrial falls -7.7%

Gates Industrial is down -7.7%, or -73c to $8.76.

GTES Gates Industrial
$8.79

-0.705 (-7.43%)

06/25/19
GSCO
06/25/19
UPGRADE
Target $15
GSCO
Buy
Gates Industrial upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Jerry Revich upgraded Gates Industrial to Buy from Neutral, noting that the stock is down 46% from its highs of September of 2018, which he attributes to multiple compression amid negative estimate revisions due to destocking in the after-market channel and a slowdown in original equipment demand. With Gates now trading at a 12% discount to his Machinery & Diversified Industrials coverage and consensus expected to bottom over the next 1-2 quarters, the risk/reward for shares is now favorable, contends Revich. He maintains a $15 price target on Gates Industrial shares.
06/25/19
06/25/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. GrubHub (GRUB) upgraded to Buy from Neutral at Citi with analyst Mark May citing five primary factors he sees to be more bullish on the stock. 2. Gates Industrial (GTES) upgraded to Buy from Neutral at Goldman Sachs with analyst Jerry Revich saying the stock is down 46% from its highs of September of 2018, which he attributes to multiple compression amid negative estimate revisions due to destocking in the after-market channel and a slowdown in original equipment demand. 3. GasLog (GLOG) upgraded to Buy from Hold at Stifel with analyst Benjamin Nolan citing both valuation and his expectation for strong LNG charter rates in the second half of the year. 4. SiteOne Landscape (SITE) upgraded to Outperform from Neutral at Baird with analyst David Manthey saying weather may impact Q2 but he believes the short interest has already been priced in. 5. Lincoln National (LNC) upgraded to Buy from Neutral at Goldman Sachs with analyst Alex Scott citing the upside to earnings he sees in the group benefits segment following the company's acquisition and integration of the Liberty business, the higher economic value of the variable annuity business, the company's "strong" distribution platform and the earnings tailwind he expects from the company's digital investments. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/19
RBCM
10/09/19
DOWNGRADE
Target $10
RBCM
Sector Perform
Gates Industrial downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Deane Dray downgraded Gates Industrial to Sector Perform from Outperform with a $10 price target.
10/09/19
10/09/19
DOWNGRADE
Target $10

Sector Perform
Gates Industrial downgraded to Sector Perform from Outperform at RBC Capital
As previously reported, RBC Capital analyst Deane Dray downgraded Gates Industrial to Sector Perform from Outperform and lowered his price target to $10 from $12. The analyst warns that the company's "already bumpy" short-cycle industrial end markets could get even more rocky, noting that while it is also well managed, the business is at "ground-zero" of the "protracted" industrial weakness cycle. Dray adds that Gates Industrial has increased its restructuring efforts, but it is sacrificing near-term cash flows, while its net leverage ratio 3.7 is also elevated for a longer period of time than anticipated.

TODAY'S FREE FLY STORIES

F

Ford

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-0.025 (-0.28%)

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TXN

Texas Instruments

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-8.32 (-6.47%)

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, FB

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SPY

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$299.50

0.47 (0.16%)

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ZS

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Zscaler call volume above normal and directionally bullish »

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SDC

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  • 12

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HEXO

Hexo

$2.54

-0.05 (-1.93%)

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SAVE

Spirit Airlines

$37.33

0.08 (0.21%)

, EADSY

Airbus

$0.00

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SAVE

Spirit Airlines

$37.33

0.08 (0.21%)

EADSY

Airbus

$0.00

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KAMN

Kaman

$58.38

-0.2 (-0.34%)

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  • 05

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TWTR

Twitter

$38.93

0.11 (0.28%)

11:32
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  • 23

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ABMD

Abiomed

$175.20

4.45 (2.61%)

, ABT

Abbott

$81.49

0.95 (1.18%)

11:29
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11:29
Recommendations
Trial for potential Abiomed competition pushed back a year, says Piper Jaffray »

This morning, the primary…

ABMD

Abiomed

$175.20

4.45 (2.61%)

ABT

Abbott

$81.49

0.95 (1.18%)

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  • 31

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HEMA

HemaCare Corp.

$0.00

(0.00%)

11:27
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Breaking Periodicals news story on HemaCare Corp. »

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ABMD

Abiomed

$175.20

4.45 (2.61%)

, ABT

Abbott

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0.98 (1.22%)

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MGNX

MacroGenics

$9.87

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, ZYME

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$30.25

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11:26
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MGNX

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Zymeworks

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TRU

TransUnion

$82.71

2.31 (2.87%)

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CVM

CEL-SCI

$7.35

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Cel Sci call volume above normal and directionally bullish »

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NRCG

NRC Group

$13.00

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, ECOL

US Ecology

$66.75

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Conference/Events
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Special Shareholder…

NRCG

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US Ecology

$66.75

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SNAP

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  • 21

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$NSD

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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NYSE market internals summary »

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FB

Facebook

$184.34

2.07 (1.14%)

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CNC

Centene

$48.49

-0.28 (-0.57%)

11:05
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Centene call volume above normal and directionally bullish »

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