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BORR

Borr Drilling

$6.25

0.61 (10.82%)

09:47
10/11/19
10/11
09:47
10/11/19
09:47

Borr Drilling rises 9.4%

Borr Drilling is up 9.4%, or 54c to $6.24.

BORR Borr Drilling
$6.25

0.61 (10.82%)

08/26/19
SBSH
08/26/19
INITIATION
Target $6
SBSH
Neutral
Borr Drilling initiated with a Neutral at Citi
Citi analyst J.B. Lowe started Borr Drilling with a Neutral rating and $6 price target. The analyst views the shares as fairly valued given headwinds from uncontracted rigs and supply additions.
09/25/19
MSCO
09/25/19
DOWNGRADE
MSCO
Equal Weight
Borr Drilling downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Lillian Starke downgraded Borr Drilling to Equal Weight from Overweight.
09/25/19
09/25/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Liberty Global (LBTYA) downgraded to Equal Weight from Overweight at Barclays. 2. Borr Drilling (BORR) downgraded to Equal Weight from Overweight at Morgan Stanley. 3. Atlantic Union Bankshares (AUB) downgraded to Hold from Buy at Sandler O'Neill with analyst Casey Orr citing valuation. 4. Hilton Grand Vacations (HGV) downgraded to Neutral at Janney Montgomery Scott with analyst Tyler Batory saying his rating change was "mostly" due to valuation as he thinks the risk/reward is more balanced following the New York Post article published last month about a potential takeout. 5. Ultra Clean (UCTT) downgraded to Market Perform from Outperform at Cowen with analyst Karl Ackerman saying his field work in Asia suggests investor expectations for memory wafer fab equipment "may be inflated." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/25/19
MSCO
09/25/19
DOWNGRADE
MSCO
Equal Weight
Morgan Stanley downgrades Borr Drilling, says taking cautious view of sector
As previously reported prior to the open, Morgan Stanley analyst Lillian Starke downgraded Borr Drilling to Equal Weight from Overweight, saying that she is taking a more cautious view on offshore drillers as she believes capacity will be absorbed at a slower pace. Starke said that offshore drilling stocks have been among the worst performing stocks year-to-date, down 34%, and the underperformance reflects continued concerns on free cash flow and balance sheets, given a slower pace of recovery in demand. The analyst noted that while Borr has secured financing for its remaining newbuilds and extended maturities to 2022, her analysis indicates the equity-to-assets ratio could fall below the 40% covenant threshold in 2020 and 2021. Starke cut her price target on the shares to 66 kroner from 160 kroner.

TODAY'S FREE FLY STORIES

PPL

PPL Corp.

$32.74

0.09 (0.28%)

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MNOV

MediciNova

$7.94

-0.235 (-2.88%)

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SNAP

Snap

$14.00

-0.58 (-3.98%)

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Snap analyst commentary  »

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EVR

Evercore Partners

$78.99

0.22 (0.28%)

06:13
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Evercore Partners reports Q3 adjusted EPS $1.26, consensus $1.63 »

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FCFS

First Cash Financial

$94.76

-0.19 (-0.20%)

06:13
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First Cash Financial raises quarterly dividend 8% to 27c from 25c per share »

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  • 13

    Nov

NSANY

Nissan

$0.00

(0.00%)

06:12
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Periodicals
Nissan set to axe Datsun brand, drop unprofitable products, Reuters reports »

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FCFS

First Cash Financial

$94.76

-0.19 (-0.20%)

06:12
10/23/19
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Earnings
First Cash Financial backs FY19 adjusted EPS view $3.85-$4.00 

FY19 consensus $3.90.

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  • 13

    Nov

LBRT

Liberty Oilfield Services

$8.74

0.07 (0.81%)

06:12
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Liberty Oilfield Services initiated  »

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  • 30

    Oct

CE

Celanese

$119.23

-2.145 (-1.77%)

06:11
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Celanese analyst commentary  »

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  • 12

    Nov

HLT

Hilton

$90.81

-1.57 (-1.70%)

06:11
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Earnings
Hilton sees Q4 adjusted EPS 91c-96c, consensus 99c »

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  • 23

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FCFS

First Cash Financial

$94.76

-0.19 (-0.20%)

06:10
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Earnings
First Cash Financial reports Q3 adjusted EPS 84c, consensus 84c »

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  • 13

    Nov

DIS

Disney

$132.44

2.16 (1.66%)

06:10
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Periodicals
Disney defends Marvel movies, discusses succession planning, WSJ reports »

Disney CEO Robert Iger…

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  • 24

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HLT

Hilton

$90.81

-1.57 (-1.70%)

06:10
10/23/19
10/23
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06:10
Earnings
Hilton raises FY19 adjusted EPS view to $3.81-$3.86 from $3.78-$3.85 »

Consensus for FY19 EPS is…

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  • 23

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BIIB

Biogen

$281.96

58.39 (26.12%)

06:09
10/23/19
10/23
06:09
10/23/19
06:09
Upgrade
Biogen rating change  »

Biogen upgraded to Buy…

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CRWD

Crowdstrike

$46.15

-1.1 (-2.33%)

06:08
10/23/19
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Initiation
Crowdstrike initiated  »

Nomura Instinet starts…

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  • 12

    Dec

AXLA

Axcella

$5.23

-0.075 (-1.42%)

06:07
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Conference/Events
Axcella management to meet with SVB Leerink »

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  • 24

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BANC

Banc of California

$15.02

-0.015 (-0.10%)

06:07
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Earnings
Banc of California reports Q3 EPS (45c), consensus (34c) »

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  • 23

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HLT

Hilton

$90.81

-1.57 (-1.70%)

06:07
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Earnings
Hilton reports Q3 adjusted EPS $1.05, consensus $1.02 »

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  • 23

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TMO

Thermo Fisher

$280.89

-2.56 (-0.90%)

06:07
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Earnings
Thermo Fisher raises FY19 adj. EPS view to $12.28-$12.34 from $12.16-$12.26 »

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FB

Facebook

$182.27

-7.55 (-3.98%)

06:07
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Facebook to tell Congress that Libra to 'extend America's financial leadership' »

Facebook CEO Mark…

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  • 23

    Oct

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ANTM

Anthem

$260.28

7.12 (2.81%)

06:06
10/23/19
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Hot Stocks
Anthem sees FY19 medical membership approximately 41M »

Medical membership is now…

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  • 23

    Oct

CMG

Chipotle

$831.69

-20.195 (-2.37%)

06:06
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Recommendations
Chipotle analyst commentary  »

Chipotle bull case…

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  • 12

    Nov

ANTM

Anthem

$260.28

7.12 (2.81%)

06:05
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Earnings
Breaking Earnings news story on Anthem »

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  • 23

    Oct

FMS

Fresenius Medical

$32.21

-2.05 (-5.98%)

06:03
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10/23
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Downgrade
Fresenius Medical rating change  »

Redburn downgrades…

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  • 29

    Oct

KSS

Kohl's

$52.96

1.72 (3.36%)

06:03
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10/23
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06:03
Downgrade
Kohl's rating change  »

Kohl's downgraded to…

03/08/13
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  • 19

    Nov

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