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PCG

PG&E

$8.08

0.3 (3.86%)

07:46
10/13/19
10/13
07:46
10/13/19
07:46

PG&E says all customers impacted by safety shutoffs now have power

Pacific Gas and Electric Company said that every customer impacted by the Public Safety Power Shutoff had their power restored as of Saturday afternoon. The last group of customers in Amador and Calaveras counties were restored at approximately 6 p.m. yesterday, the company said in a statement. Approximately 738,000 customers in 34 counties were impacted. PG&E said it initiated the PSPS for community and customer safety shortly after midnight on Wednesday due to dry, windy weather and elevated fire risk across its service area.

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PCG PG&E
$8.08

0.3 (3.86%)

10/01/19
LEHM
10/01/19
NO CHANGE
Target $10
LEHM
Equal Weight
PG&E price target lowered to $10 from $14 at Barclays
Barclays analyst Eric Beaumont lowered his price target for PG&E to $10 from $14 after updating his valuation methodology to reflect the recently announced settlements and align more closely with the company's $14B equity rights framework. To reflect "numerous unpredictable and material variables" for the outstanding common equity, the analyst reiterates an Equal Weight rating on PG&E. However, he sees the rights offering as being attractive to current holders, assuming the termination clauses as outlined, and believes the framework "provides a path to how an upside scenario may play out."
10/10/19
MSCO
10/10/19
NO CHANGE
Target $16
MSCO
Equal Weight
PG&E ruling raises uncertainty in bankruptcy process, says Morgan Stanley
Morgan Stanley analyst Stephen Byrd said that Judge Dennis Montali's decision to terminate PG&E's exclusive right to advance a plan of reorganization increases the uncertainty in the bankruptcy process, noting that the competing plan advanced by creditors would leave "very little equity value." The analyst, who believes PG&E's ability to negotiate with the victims groups and build support for its own plan will be a key driver of the stock from here, keeps an Equal Weight rating and $16 price target on the shares.
10/11/19
SBSH
10/11/19
DOWNGRADE
Target $5
SBSH
Sell
PG&E downgraded to Sell from Neutral at Citi
Citi analyst Praful Mehta downgraded PG&E to Sell from Neutral with a price target of $5, down from $12. The stock closed Thursday down 29%, or $3.19, to $7.79. After Judge Montali terminated PG&E's exclusive right to advance a plan of reorganization, Mehta sees a 75% chance of the stock going to zero. PG&E's goal of a tough negotiation stance with the tort claims committee backfired, says the analyst. He believes the company will now likely push for claim estimation given its limited ability to get into bidding war to settle with the TCC. Mehta assigns a 25% probability of PG&E getting its plan selected, a rights offering at $20 per share.
10/11/19
10/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Crowdstrike (CRWD) downgraded to Sell from Neutral at Goldman Sachs with analyst Heather Bellini stating while CrowdStrike is very well positioned in the market for endpoint security, a "blue sky analysis" suggests this is likely priced in at current share levels. 2. Terex (TEX) downgraded to Underweight from Equal Weight at Barclays with analyst Adam Seiden expecting the rental equipment market to move from equilibrium to oversupplied by 2020. 3. Delta Air Lines (DAL) downgraded to Hold from Buy at Argus with analyst John Staszark saying that while Delta is among the best managed airlines, he thinks better returns are available elsewhere, as Delta is facing prospects for rising costs and slowing revenue growth. 4. PG&E (PCG) downgraded to Sell from Neutral at Citi with analyst Praful Mehta seeing a 75% chance of the stock going to zero after Judge Montali terminated PG&E's exclusive right to advance a plan of reorganization. 5. Canopy Growth (CGC) downgraded to Underperform from Hold at Jefferies with analyst Owen Bennett saying despite the recent selloff in shares, Canopy is the most expensive name across the cannabis space. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SBLK

Star Bulk Carriers

$10.04

-0.12 (-1.18%)

17:03
11/20/19
11/20
17:03
11/20/19
17:03
Earnings
Star Bulk Carriers reports Q3 EPS 18c, two estimates 17c »

Reports Q3 voyage revenue…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

KRNY

Kearny Financial

$14.11

-0.08 (-0.56%)

17:01
11/20/19
11/20
17:01
11/20/19
17:01
Hot Stocks
Kearny Financial raises quarterly dividend to 7c from 6c per share »

Payable on December 20 to…

03/08/13
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03/08/13
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03/06/13
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LB

L Brands

$16.00

-1.19 (-6.92%)

16:48
11/20/19
11/20
16:48
11/20/19
16:48
Hot Stocks
Breaking Hot Stocks news story on L Brands »

L Brands up 5.8% or 92c…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

  • 05

    Dec

LVMUY

LVMH

$0.00

(0.00%)

, TIF

Tiffany

$123.32

-0.16 (-0.13%)

16:47
11/20/19
11/20
16:47
11/20/19
16:47
Periodicals
LVMH, Tiffany said to be in talks, Bloomberg says »

LVMH (LVMUY) is said to…

LVMUY

LVMH

$0.00

(0.00%)

TIF

Tiffany

$123.32

-0.16 (-0.13%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 05

    Dec

LB

L Brands

$16.00

-1.19 (-6.92%)

16:46
11/20/19
11/20
16:46
11/20/19
16:46
Hot Stocks
L Brands backs FY19 free cash flow forecast at ~$750M »

Cuts FY19 SSS view to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

  • 05

    Dec

UBER

Uber

$28.02

0.99 (3.66%)

16:43
11/20/19
11/20
16:43
11/20/19
16:43
Hot Stocks
Uber CEO Dara Khosrowshahi buys almost $7M in company shares »

Uber CEO Dara…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 21

    Nov

  • 04

    Dec

AVVIY

Aviva

$0.00

(0.00%)

16:42
11/20/19
11/20
16:42
11/20/19
16:42
Downgrade
Aviva rating change  »

Aviva downgraded to Hold…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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HLLGY

Hella KGaA Hueck

$0.00

(0.00%)

16:42
11/20/19
11/20
16:42
11/20/19
16:42
Upgrade
Hella KGaA Hueck rating change  »

Hella GmbH upgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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KEG

Key Energy

$0.30

0.0095 (3.32%)

16:40
11/20/19
11/20
16:40
11/20/19
16:40
Hot Stocks
Key Energy receives notice from NYSE regarding continued listing requirements »

Key Energy Services…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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HLLGY

Hella KGaA Hueck

$0.00

(0.00%)

16:40
11/20/19
11/20
16:40
11/20/19
16:40
Upgrade
Hella KGaA Hueck rating change  »

Hella KGaA Hueck upgraded…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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NGHC

National General

$20.47

-0.43 (-2.06%)

16:39
11/20/19
11/20
16:39
11/20/19
16:39
Hot Stocks
National General approved to sell its Accident Health and Care Sweden unit »

National General…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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TGT

Target

$126.37

15.51 (13.99%)

, LOW

Lowe's

$117.84

4.43 (3.91%)

16:38
11/20/19
11/20
16:38
11/20/19
16:38
On The Fly
Fly Intel: Wall Street's top stories for Wednesday »

Stocks were slumping a…

TGT

Target

$126.37

15.51 (13.99%)

LOW

Lowe's

$117.84

4.43 (3.91%)

GM

General Motors

$35.26

-1.13 (-3.11%)

FCAU

Fiat Chrysler

$15.00

-0.585 (-3.75%)

KNSA

Kiniksa

$8.95

1.97 (28.22%)

ALNY

Alnylam

$108.26

10.27 (10.48%)

URBN

Urban Outfitters

$24.41

-4.32 (-15.04%)

PDD

Pinduoduo

$31.37

-9.34 (-22.94%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 20

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    Dec

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    Dec

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    Dec

  • 04

    Feb

TUWOY

Tullow Oil

$0.00

(0.00%)

16:37
11/20/19
11/20
16:37
11/20/19
16:37
Downgrade
Tullow Oil rating change  »

Tullow Oil downgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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MKL

Markel

$1,126.21

1.26 (0.11%)

16:36
11/20/19
11/20
16:36
11/20/19
16:36
Hot Stocks
Markel executive chairman Alan Kirshner to retire »

Markel Corporation…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CP

Canadian Pacific

$236.41

-1.66 (-0.70%)

, FTAI

Fortress Transportation

$16.72

-0.01 (-0.06%)

16:35
11/20/19
11/20
16:35
11/20/19
16:35
Hot Stocks
Canadian Pacific to acquire Central Maine & Quebec Railway from Fortress »

Canadian Pacific (CP) and…

CP

Canadian Pacific

$236.41

-1.66 (-0.70%)

FTAI

Fortress Transportation

$16.72

-0.01 (-0.06%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CLLS

Cellectis

$13.13

-0.14 (-1.06%)

16:34
11/20/19
11/20
16:34
11/20/19
16:34
Hot Stocks
Cellectis wins patent challenge in Europe for CRISPR-Cas9 gene editing method »

Cellectis announced that…

03/08/13
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03/06/13
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LB

L Brands

$16.00

-1.19 (-6.92%)

16:34
11/20/19
11/20
16:34
11/20/19
16:34
Hot Stocks
L Brands sees Q4 SSS 'about flat' »

Sees FY19 SSS "About…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

  • 05

    Dec

TBNK

Territorial Bancorp

$30.63

-0.31 (-1.00%)

16:34
11/20/19
11/20
16:34
11/20/19
16:34
Hot Stocks
Territorial Bancorp declares special dividend of 50c per share »

Territorial Bancorp has…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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BLDR

Builders FirstSource

$25.38

-0.01 (-0.04%)

16:34
11/20/19
11/20
16:34
11/20/19
16:34
Initiation
Builders FirstSource initiated  »

Builders FirstSource…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 05

    Dec

  • 19

    Dec

NKE

Nike

$93.05

-0.55 (-0.59%)

16:34
11/20/19
11/20
16:34
11/20/19
16:34
Hot Stocks
Nike invests in hands-free footwear technology company Handsfree Labs »

Nike announced a…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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WHR

Whirlpool

$142.58

1.49 (1.06%)

16:33
11/20/19
11/20
16:33
11/20/19
16:33
Initiation
Whirlpool initiated  »

Whirlpool initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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SITE

SiteOne Landscape

$88.60

-1.55 (-1.72%)

16:33
11/20/19
11/20
16:33
11/20/19
16:33
Initiation
SiteOne Landscape initiated  »

SiteOne Landscape…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 20

    Nov

LB

L Brands

$16.00

-1.19 (-6.92%)

16:33
11/20/19
11/20
16:33
11/20/19
16:33
Hot Stocks
L Brands reports Q3 SSS down 3% and comparable sales down 2% »

Reports Q3:…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Nov

  • 05

    Dec

BECN

Beacon Roofing

$34.41

-0.07 (-0.20%)

16:33
11/20/19
11/20
16:33
11/20/19
16:33
Initiation
Beacon Roofing initiated  »

Beacon Roofing initiated…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 25

    Nov

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    Dec

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    Dec

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    Dec

AIN

Albany International

$83.80

-0.42 (-0.50%)

16:33
11/20/19
11/20
16:33
11/20/19
16:33
Hot Stocks
Albany International acquires CirComp GmbH, terms not disclosed »

Albany International…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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