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UBER

Uber

$28.90

-0.18 (-0.62%)

07:36
10/11/19
10/11
07:36
10/11/19
07:36

Uber may face tax challenge amid UK classification, Reuters says

Car-hailing service Uber says that that UK regulators are looking to categorize the company as a transportation provider, "opening it up to new tax charges that could weigh heavily on its business, according to UK accounts filings in recent days," says Reuters. Reference Link

  • 04

    Nov

  • 19

    Nov

UBER Uber
$28.90

-0.18 (-0.62%)

10/09/19
ARGS
10/09/19
DOWNGRADE
ARGS
Domino's Pizza cut to Hold at Argus after Q3 miss, new medium term outlook
As previously reported, Argus analyst John Staszak downgraded Domino's Pizza to Hold from Buy after its worse than expected Q3 revenue and earnings reported yesterday along with its new 2-3 year outlook of global retail sales growth of 7%-10% - down from its prior 3-5 year outlook of 8%-12% growth. The analyst is also lowering his FY19 EPS view by 5c to $9.35 and his FY20 view by 10c to $10.90. Staszak notes that food delivery competition from 3rd party services like DoorDash, GrubHub (GRUB), and Uber Eats (UBER) will reduce the same-store sales growth at Domino's Pizza going forward while also reducing the delivery labor supply and raising wage costs for the company. The analyst adds that at 27.1-times his expected FY19 earnings, Domino's Pizza shares "adequately reflect" the prospects for rising costs and slowing same-store sales growth.
10/09/19
RILY
10/09/19
DOWNGRADE
Target $40
RILY
Sell
B. Riley FBR downgrades James River Group to Sell on Uber termination
James River Group Holdings (JRVR) disclosed last night that it plans to cancel all policies issued to its largest customer, Uber (UBER) commercial auto business Raiser LLC, effective December 31, 2019, due to unfavorable loss experience, B. Riley FBR analyst Randy Binner tells investors in a research note. While the reserve charge is manageable, concern around reserve adequacy is likely to remain an overhang on James River shares given the termination of the Uber relationship, a "significant move," says Binner. The analyst believes James River shares "will re-rate to a lower multiple to book value." He downgraded the stock to Sell from Neutral and cut his price target for the shares to $40 from $45.
10/10/19
NEED
10/10/19
NO CHANGE
Target $50
NEED
Buy
Uber price target lowered to $50 from $52 at Needham
Needham analyst Brad Erickson lowered his price target for Uber to $50 from $52, but tells investors in a research note that he is "no less positive" on his time acquisition thesis longer-term and $130 bull case. While he suspects near-term deceleration makes near-term stock appreciation challenging, heading towards bookings re-acceleration in 2020, Erickson says the bear case gets pretty thin with valuation already attractive. The analyst maintains a Buy rating.
10/10/19
BOFA
10/10/19
NO CHANGE
Target $53
BOFA
Buy
James River cancellation negative for Uber 'on the surface,' says BofA/Merrill
BofA/Merrill analyst Justin Post says James River Group (JRVR) ending early its insurance policies issued to Rasier LLC, a subsidiary of Uber Technologies (UBER), is a negative for Uber "on the surface." James River insures Uber drivers in 20 states and was the smallest of the four insurers that Uber works with in the U.S., Post tells investors in a research note. The news is a negative given the potential that the underwriting costs of Uber's business are proving to be higher than expected, says Post. However, the analyst does not anticipate a material change in Uber's insurance costs. Uber's business will likely switch to one of its other carriers, Farmers, Progressive (PGR) or Allstate (ALL), according to Post. Those three insurers are likely increasing their interest in and exposure to ridesharing and gig-economy insurance, increasingly competing for business, says Post, who thinks this could maintain or decrease gig-economy and rideshare insurance premiums over time. The analyst keeps a Buy rating on Uber with a $53 price target.

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CRM

Salesforce

$164.57

0.55 (0.34%)

06:48
11/21/19
11/21
06:48
11/21/19
06:48
Recommendations
Salesforce analyst commentary  »

Salesforce analyst day…

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  • 03

    Dec

  • 16

    Dec

BJ

BJ's Wholesale

$26.03

-0.29 (-1.10%)

06:48
11/21/19
11/21
06:48
11/21/19
06:48
Earnings
BJ's Wholesale narrows FY19 adj. EPS view to $1.44-$1.48 from $1.42-$1.50 »

FY19 consensus $1.49.…

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  • 21

    Nov

ASH

Ashland

$72.81

-3.045 (-4.01%)

06:47
11/21/19
11/21
06:47
11/21/19
06:47
Downgrade
Ashland rating change  »

Ashland downgraded to…

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AFIN

American Finance Trust

$14.82

-0.21 (-1.40%)

06:47
11/21/19
11/21
06:47
11/21/19
06:47
Conference/Events
American Finance Trust management to meet with DA Davidson »

Meeting to be held in the…

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  • 21

    Nov

  • 12

    Dec

BJ

BJ's Wholesale

$26.03

-0.29 (-1.10%)

06:46
11/21/19
11/21
06:46
11/21/19
06:46
Hot Stocks
BJ's Wholesale reports Q3 comparable club sales down o.4%%, up 1.1% ex-gasoline »

Comparable club sales for…

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  • 21

    Nov

BJ

BJ's Wholesale

$26.03

-0.29 (-1.10%)

06:45
11/21/19
11/21
06:45
11/21/19
06:45
Hot Stocks
Breaking Hot Stocks news story on BJ's Wholesale »

BJ's Wholesale…

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  • 21

    Nov

BJ

BJ's Wholesale

$26.03

-0.29 (-1.10%)

06:45
11/21/19
11/21
06:45
11/21/19
06:45
Earnings
BJ's Wholesale reports Q3 adjusted EPS 41c, consensus 40c »

Reports Q3 revenue $3.2B,…

03/08/13
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  • 21

    Nov

NTGN

Neon Therapeutics

$1.44

-0.04 (-2.70%)

06:44
11/21/19
11/21
06:44
11/21/19
06:44
Recommendations
Neon Therapeutics analyst commentary  »

Neon Therapeutics price…

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HMLP

Hoegh LNG Partners

$14.30

-0.045 (-0.31%)

06:44
11/21/19
11/21
06:44
11/21/19
06:44
Hot Stocks
Hoegh LNG Partners reports Q3 EPS 30c, consensus 38c »

Reports Q3 revenue $37M,…

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  • 21

    Nov

SSI

Stage Stores

$2.27

0.08 (3.65%)

06:44
11/21/19
11/21
06:44
11/21/19
06:44
Earnings
Stage Stores sees FY19 adjusted EPS ($1.40)-($1.25) »

Sees FY19 net sales…

03/08/13
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  • 21

    Nov

SSI

Stage Stores

$2.27

0.08 (3.65%)

06:43
11/21/19
11/21
06:43
11/21/19
06:43
Earnings
Stage Stores reports Q3 EPS (55c) vs. ($1.11) last year »

Reports Q3 revenue $399M…

03/08/13
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  • 21

    Nov

TGT

Target

$126.37

15.51 (13.99%)

06:43
11/21/19
11/21
06:43
11/21/19
06:43
Recommendations
Target analyst commentary  »

Target price target…

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TGT

Target

$126.37

15.51 (13.99%)

06:43
11/21/19
11/21
06:43
11/21/19
06:43
Recommendations
Target analyst commentary  »

Target price target…

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KLIC

Kulicke & Soffa

$22.92

-0.27 (-1.16%)

06:41
11/21/19
11/21
06:41
11/21/19
06:41
Upgrade
Kulicke & Soffa rating change  »

Kulicke & Soffa…

03/08/13
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  • 09

    Dec

ITT

ITT

$68.64

-0.435 (-0.63%)

06:40
11/21/19
11/21
06:40
11/21/19
06:40
Recommendations
ITT analyst commentary  »

ITT price target raised…

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CUB

Cubic

$73.63

0.8 (1.10%)

06:40
11/21/19
11/21
06:40
11/21/19
06:40
Downgrade
Cubic rating change  »

JPMorgan downgrades Cubic…

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AAPL

Apple

$263.19

-3.13 (-1.18%)

06:38
11/21/19
11/21
06:38
11/21/19
06:38
Periodicals
Apple cancels premiere of first major movie 'The Banker,' THR reports »

Apple has canceled the…

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AMGN

Amgen

$225.41

0.925 (0.41%)

06:34
11/21/19
11/21
06:34
11/21/19
06:34
Earnings
Amgen raises FY19 EPS view to $14.50-$14.70 from $14.20-$14.45, consensus $14.44 »

Raises FY19 revenue view…

03/08/13
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  • 07

    Dec

AERI

Aerie Pharmaceuticals

$17.83

-1.02 (-5.41%)

06:33
11/21/19
11/21
06:33
11/21/19
06:33
Hot Stocks
Aerie Pharmaceuticals receives EC marketing approval for Rhokiinsa 0.02% »

Aerie Pharmaceuticals…

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NLY

Annaly Capital

$9.21

0.015 (0.16%)

06:32
11/21/19
11/21
06:32
11/21/19
06:32
Hot Stocks
Annaly Capital CEO Kevin Keyes to depart, Glenn Votek named interim CEO »

Annaly Capital announced…

03/08/13
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TGT

Target

$126.37

15.51 (13.99%)

06:31
11/21/19
11/21
06:31
11/21/19
06:31
Recommendations
Target analyst commentary  »

Target price target…

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ALEC

Alector

$15.80

0.35 (2.27%)

06:30
11/21/19
11/21
06:30
11/21/19
06:30
Initiation
Alector initiated  »

Alector initiated with a…

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LOW

Lowe's

$117.84

4.43 (3.91%)

06:30
11/21/19
11/21
06:30
11/21/19
06:30
Recommendations
Lowe's analyst commentary  »

Lowe's price target…

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  • 03

    Dec

SNE

Sony

$61.48

-0.405 (-0.65%)

06:28
11/21/19
11/21
06:28
11/21/19
06:28
Periodicals
Sony in talks to buy stake in India's Network18 Media, Bloomberg reports »

Sony is in talks to buy a…

03/08/13
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  • 09

    Dec

BA

Boeing

$370.75

3.815 (1.04%)

06:25
11/21/19
11/21
06:25
11/21/19
06:25
Periodicals
SMBC Aviation says will take time to return 737 MAX to service, Reuters reports »

SMBC Aviation Capital, a…

03/08/13
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