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APO

Apollo Global

$38.76

0.04 (0.10%)

, ASC

Ardmore Shipping

$9.24

0.495 (5.66%)

08:40
10/15/19
10/15
08:40
10/15/19
08:40

Capital Link to hold a forum

11th Annual Capital Link New York Maritime Forum will be held in New York on October 15.

APO

Apollo Global

$38.76

0.04 (0.10%)

ASC

Ardmore Shipping

$9.24

0.495 (5.66%)

C

Citi

$70.28

0.18 (0.26%)

DNB

Dun & Bradstreet

$0.00

(0.00%)

DB

Deutsche Bank

$7.55

0.08 (1.07%)

DSSI

Diamond S Shipping

$16.00

0.69 (4.51%)

EGLE

Eagle Bulk Shipping

$4.67

0.06 (1.30%)

ESEA

Euroseas

$0.75

0.0019 (0.25%)

EURN

Euronav NV

$11.32

-0.02 (-0.18%)

EVR

Evercore Partners

$76.25

0.215 (0.28%)

GLOP

GasLog Partners

$19.89

-0.07 (-0.35%)

GNK

Genco Shipping

$10.12

-0.25 (-2.41%)

GOGL

Golden Ocean

$5.98

-0.175 (-2.84%)

GRIN

Grinrod Shipping

$5.70

0.095 (1.70%)

GSL

Global Ship Lease

$7.56

-0.12 (-1.56%)

INSW

International Seaways

$25.88

0.42 (1.65%)

JEF

Jefferies Financial Group

$18.13

0.065 (0.36%)

NMCI

Navios Maritime Containers

$2.06

0.005 (0.24%)

SALT

Scorpio Bulkers

$7.27

-0.005 (-0.07%)

SB

Safe Bulkers

$1.88

-0.04 (-2.08%)

SBLK

Star Bulk Carriers

$11.05

-0.03 (-0.27%)

SHIP

Seanergy Marine

$0.66

0.1184 (21.72%)

STNG

Scorpio Tankers

$36.00

1.26 (3.63%)

TELL

Tellurian

$8.56

0.26 (3.13%)

TK

Teekay Corp.

$4.89

0.05 (1.03%)

TNP

TEN, Ltd.

$3.99

0.21 (5.56%)

XOM

Exxon Mobil

$69.20

0.24 (0.35%)

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APO Apollo Global
$38.76

0.04 (0.10%)

10/07/19
BMOC
10/07/19
INITIATION
BMOC
Outperform
Apollo Global initiated with an Outperform at BMO Capital
10/07/19
BMOC
10/07/19
INITIATION
BMOC
KKR, Victory Capital, Apollo Global top BMO Capital picks among asset managers
BMO Capital analyst James Fotheringham initiated 11 U.S. asset managers, selecting KKR (KKR), Victory Capital (VCTR), and Apollo Global (APO) as his "top picks" with Outperform ratings and respective price targets of $40, $33, and $52 per share. The analyst believes that investors are undervaluing KKR's performance fees reliability and also have yet to appropriately value its "meaningful" excess capital. Instead, Fotheringham believes that investors are too worried about the risks of recession and KKR's relatively larger balance sheet. For Victory Global, the analyst believes that the market is overly concerned with its balance sheet leverage and believes that the company's organic growth will outperform expectations because of its exposure to to higher-growth segments like ETF products and solutions-seeking investors. For Apollo Global, Fotheringham notes that investors are undervaluing its accelerating Fee Related Earnings growth and expects the stock to benefit from technical support related to "improved liquidity, broadened shareholder engagement, and index inclusions." As part of his research note, the analyst also started the following at Market Perform: Ares Management (ARES) with price target $31, Invesco (IVZ) with price target $18, Blackrock (BLK) with price target $44, AssetMark (AMK) with price target $24, Blackstone (BX) with price target of $44, Carlyle Group (CG) with price target of $23, and T. Rowe Price (TROW) with price target of $101. Fotheringham also initiated Franklin Resources (BEN) at Underperform with price target of $16, saying the market is overvaluing its management-fee related income amid continued outflows and magnified redemption risk as well as operating expense "inflexibility". The analyst warns that Franklin's U.S. and European retail channels are facing ongoing fee pressures and risk from active-to-passive rotation.
08/21/19
NOMU
08/21/19
NO CHANGE
Target $29
NOMU
Neutral
Chance of Hilton Grand, Apollo deal 'reasonably high,' says Nomura Instinet
Nomura Instinet analyst Brian Dobson says the possibility of Apollo (APO) reaching a deal with the board of Hilton Grand Vacations (HGV) is "reasonably high" given the stock's poor performance this year. The analyst maintains a Neutral rating and $29 price target on Hilton Grand Vacations.
10/14/19
BOFA
10/14/19
DOWNGRADE
Target $52
BOFA
Neutral
BofA gets more selective in alternative asset managers, downgrades Blackstone
BofA Merrill Lynch analyst Michael Carrier downgraded Blackstone (BX) to Neutral from Buy with a price target of $52, down from $54, stating that he is getting a bit more selective within the alternative asset managers sector since valuation multiples have moved higher so far this year while estimates have moved lower. Despite his view that the firm is structurally very well positioned over the long-term, he sees more modest upside for the stock from here and prefers others with a higher portion of fee related earnings of that have upcoming fundraising catalysts, Carrier tells investors. To reflect a more typical level of fundraising ahead and the potential for slightly lower than expected realizations if geopolitical risks linger, Carrier also trimmed his price target for Ares Management (ARES) to $31 from $32 and lowered his target for target for KKR (KKR) shares to $31 from $32.
ASC Ardmore Shipping
$9.24

0.495 (5.66%)

05/23/19
PART
05/23/19
DOWNGRADE
PART
Hold
Ardmore Shipping downgraded to Hold from Buy at Pareto
04/24/19
STFL
04/24/19
NO CHANGE
STFL
U.S. sanctions on Iran could benefit crude tankers, says Stifel
After the U.S. recently said it will re-institute sanctions on Iran on May 1 to now include the eight countries that previously had waivers, Stifel analyst Benjamin Nolan said he believes crude tankers could see a benefit. Nolan noted that much of Iran's oil is moved by their own vessels and the net effect could be increased demand for approximately 30 VLCCs from the trio of Saudi Arabia, Russia, and the UAE, who have said they are willing to fill the void left by absent Iranian barrels. Stocks in the crude tanker group include International Seaways (INSW), TEN, Ltd. (TNP), Scorpio Tankers (STNG), Euronav NV (EURN), DHT Holdings (DHT) and Ardmore Shipping (ASC).
06/28/19
PART
06/28/19
UPGRADE
Target $8.4
PART
Buy
Ardmore Shipping upgraded to Buy from Hold at Pareto
Pareto analyst Eirik Haavaldsen upgraded Ardmore Shipping to Buy from Hold with a price target of $8.40 on the shares.
C Citi
$70.28

0.18 (0.26%)

09/24/19
MSCO
09/24/19
NO CHANGE
MSCO
Large-cap banks aren't gaining deposit market share, says Morgan Stanley
Morgan Stanley analyst Ken Zerbe said he continues to hear the "false narrative" that large-cap banks must be gaining market share due to their superior technology, but he insists they are not and that small and mid-cap banks have consistently gained deposit market share over the last five years. Individual large-cap banks that have had the biggest deposit share gains include Goldman Sachs (GS), Ally Financial (ALLY) and Synchrony Financial (SYF), while mid-cap banks that have delivered the biggest gains in share of total deposits include First Republic (FRC), KeyCorp (KEY) and Huntington (HBAN), Zerbe tells investors. Large-cap banks that have seen the largest declines in their respective individual shares of total deposits include JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C), while deposit share losers among mid-cap banks include Comerica (CMA), Prosperity Bancshares (PB) and Zions (ZION), said Zerbe.
07/26/19
07/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Goldman Sachs (GS) and Citi (C) upgraded to Outperform from Market Perform at Keefe Bruyette. 2. Ambev (ABEV) upgraded to Neutral from Underweight at JPMorgan with analyst Lucas Ferreira saying the post-earnings share rally shows that investors are chasing good growth stories to play Brazil's economic recovery. 3. West Pharmaceutical (WST) upgraded to Neutral from Underperform at BofA/Merrill with analyst Derik de Bruin saying that over the course of the first half, the company addressed his prior concerns around organic revenue growth and product mix trends while also boosting its operating margins and generating higher free cash flows. 4. Union Pacific (UNP) upgraded to Overweight from Neutral at Atlantic Equities, while CSX (CSX) was upgraded to Neutral from Underweight. 5. Hasbro (HAS) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's dominant position with a range of "strong" brands as well as in the big-screen business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/10/19
UBSW
09/10/19
DOWNGRADE
Target $49
UBSW
Neutral
Wells Fargo downgraded to Neutral from Buy at UBS
UBS analyst Saul Martinez downgraded Wells Fargo (WFC) to Neutral and lowered his price target on the stock to $49 from $51. The analyst attributes the rating change to his reduced estimates for earnings and lower net interest income along with the continued uncertainty and low visibility around the progress in the management's efficiency improvements. Martinez also cites Wells Fargo's relative valuation, with shares trading at 11.3-times expected FY20 earnings - a premium to JP Morgan's (JPM) 10.8-times, Bank of America's (BAC) 9.2-times, and Citigroup's (C) 7.9-times.
09/06/19
BOFA
09/06/19
NO CHANGE
BOFA
BofA/Merrill sees Citi, Citizens BB&T risk/reward as 'compelling'
BofA Merrill Lynch analyst Erika Najarian said she does not believe bank stocks are pricing in a recession, though they are "bearing the brunt of cycle concerns." Bank stocks could be at a near-term bottom, said Najarian, who sees compelling risk/rewards for shares of Citi (C), Citizens Financial (CFG) and BB&T (BBT) even when taking into account theoretical fair value in a recession. Even in the case of a recession, banks have materially improved underwriting since the financial crisis and she estimates an average 46% EPS hit in a downturn but only a 5% hit in tangible book value versus consensus 2020 forecasts, Najarian tells investors.
DNB Dun & Bradstreet
$0.00

(0.00%)

06/07/19
OPCO
06/07/19
NO CHANGE
Target $67
OPCO
Outperform
Black Knight price target raised to $67 from $60 at Oppenheimer
Oppenheimer analyst Glenn Greene raised his price target for Black Knight (BKI) to $67 from $60 after hosting meetings with the company's management, saying the meetings "provided us greater appreciation" for its positioning across its core segments. In a research note to investors, Greene, who maintains an Outperform rating, says he remains "attracted" to Black Knight's strong market position and profitability, solid pipeline of high-profile client implementations and feels the long-term returns from its recent Dun & Bradstreet (DNB) investment are under-appreciated.
11/20/18
LEHM
11/20/18
NO CHANGE
Target $56
LEHM
Overweight
Black Knight investment in D&B raises some questions, says Barclays
Black Knight's (BKI) first investor day was overshadowed by its surprise investment in Dun & Bradstreet (DNB), Barclays analyst Mark DeVries tells investors in a research note. The investment raises some questions since there are no obvious synergies between the two companies, DeVries contends. As such, he shares the market's concerns about the benefits of the investment to Black Knight shareholders. Nonetheless, he keeps an Overweight rating on Black Knight shares with a $56 price target.
11/30/18
LEHM
11/30/18
UPGRADE
Target $225
LEHM
Overweight
Barclays upgrades Fair Isaac to Overweight following recent pullback
Barclays analyst Manav Patnaik upgraded Fair Isaac (FICO) to Overweight from Equal Weight and raised his price target for the shares to $225 from $200. The analyst says his constructive view on the stock comes on the back of the recent pullback as well as his appreciation of the company's evolution as a Software name. Patnaik prefers shares of Fair Isaac and TransUnion (TRU) over Equifax (EFX) and Dun & Bradstreet (DNB).
12/14/18
PIPR
12/14/18
NO CHANGE
Target $25
PIPR
Overweight
Cannae Holdings a top investment idea into 2019 at Piper Jaffray
After hosting marketing meetings with Brent Bickett, President of Cannae Holdings (CNNE), Piper Jaffray analyst Jason Deleeuw says the company is one of his top investment ideas heading into 2019. The analyst is bullish regarding the success of Cannae's pending investment in Dun & Bradstreet (DNB) as he sees "significant opportunities to improve" D&B's operations and delivery of its commercial data products. Deleeuw says the current 40% share price discount versus his $27.25 economic value estimate for Cannae is "very compelling." He keeps an Overweight rating on the shares with a $25 price target.
DB Deutsche Bank
$7.55

0.08 (1.07%)

07/12/19
UBSW
07/12/19
UPGRADE
UBSW
Neutral
Deutsche Bank upgraded to Neutral from Sell at UBS
UBS upgraded Deutsche Bank to Neutral from Sell following the recent selloff in the shares.
07/12/19
07/12/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Altria Group (MO) upgraded to Buy from Neutral at Goldman Sachs with analyst Judy Hong saying the valuations in the tobacco sector are trading at a 10-year trough in spite of the "more accommodating" macro backdrop for Consumer Staples that includes a late cycle and lower yields. 2. Focus Financial (FOCS) upgraded to Outperform from Market Perform at Keefe Bruyette. 3. Deutsche Bank (DB) upgraded to Neutral from Sell at UBS. 4. Morgan Stanley (MS) upgraded to Buy from Neutral at Citi. 5. Snap (SNAP) upgraded to Buy from Neutral at Goldman Sachs with analyst Heath Terry saying the company's new Android app, the launch of Snap Games, and new viral lenses should accelerator user growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/08/19
BOFA
07/08/19
NO CHANGE
BOFA
Underperform
BofA keeps Underperform rating on Deutsche Bank, says capital still an issue
After Deutsche Bank released its outline of its new plan to improve profitability, BofA Merrill Lynch analyst Andrew Stimpson said the cost ambitions are greater than he expected, but he believes capital will continue to be an issue as the bank decided to not raise equity. Also, preliminary Q2 underlying results missed consensus, noted Stimpson, who keeps an Underperform rating on Deutsche Bank shares with many details of the company's plan still outstanding.
07/08/19
RBCM
07/08/19
NO CHANGE
RBCM
Underperform
Deutsche Bank business review 'more radical than expected', says RBC Capital
RBC Capital analyst Anke Reingen raised her price target on Deutsche Bank to EUR8 from EUR7.50, saying its transformation plan announced over the weekend is "more radical than expected" and could support its shares over the short term. The analyst maintained her Underperform rating however, noting that the bank's execution will be key, while also pointing to the company's pushed out projections for improvement in profitability.
DSSI Diamond S Shipping
$16.00

0.69 (4.51%)

04/09/19
CLKS
04/09/19
INITIATION
Target $25
CLKS
Buy
Diamond S Shipping initiated with a Buy at Clarksons Platou
Clarksons Platou initiated Diamond S Shipping with a Buy and $25 price target.
10/10/19
JEFF
10/10/19
INITIATION
Target $19
JEFF
Buy
Diamond S Shipping initiated with a Buy rating at Jefferies
Jefferies analyst Randy Giveans initiated coverage of Diamond S Shipping with a Buy rating and $19 price target. The analyst sees an "attractive outlook" for the crude and refined products tanker markets and highlights the company's "massive" operating leverage. Additionally, unlike its tanker peers, Diamond S is still trading at a discount to net asset value, contends Giveans.
06/04/19
STFL
06/04/19
INITIATION
Target $18
STFL
Buy
Diamond S Shipping initiated with a Buy at Stifel
Stifel analyst Benjamin Nolan started Diamond S Shipping with a Buy rating and $18 price target. Target $18. The company's large fleet of tankers, with particular leverage to the product tanker market, should "strengthen materially with the impending implementation of IMO 2020 regulations, Nolan tells investors in a research note. Further, Diamond S has a "strong" management team and is trading at 33% of net asset value, adds the analyst.
04/03/19
RILY
04/03/19
INITIATION
Target $16
RILY
Buy
Diamond S Shipping initiated with a Buy at B. Riley FBR
B. Riley FBR analyst Liam Burke started Diamond S Shipping (DSSI) with a Buy rating and $16 price target. The analyst also reiterates a Buy rating on Capital Product Partners (CPLP) and raised his price target for the shares to $14 from $12.60. Diamond S Shipping on March 29 completed the merger of the business and operations of DSS Holdings and the crude and product tanker business of Capital Product Partners.
EGLE Eagle Bulk Shipping
$4.67

0.06 (1.30%)

09/03/19
JEFF
09/03/19
INITIATION
Target $6
JEFF
Buy
Eagle Bulk Shipping initiated with a Buy at Jefferies
Jefferies analyst Randy Giveans initiated Eagle Bulk Shipping with a Buy rating and $6 price target, stating that he believes dry bulk shipping demand will strengthen through at least 2020 given his views on iron ore production, coal demand growth and demand for grain, soybeans, and minor bulks. Meanwhile, he also believes dry bulk shipping supply will experience minimal growth through at least 2020 and views Eagle Bulk as having a strong balance sheet and significant operating leverage, Giveans tells investors.
ESEA Euroseas
$0.75

0.0019 (0.25%)

05/23/19
MAXM
05/23/19
INITIATION
Target $1
MAXM
Buy
Euroseas assumed with a Buy at Maxim
Maxim analyst Tate Sullivan assumed Euroseas with a Buy rating and a price target lowered to $1 from $2.50. The analyst notes that while 9 of the company's 11 ships were in contract through Q2-end, 4 of those will have an average rate decline of about 21%. Sullivan contends however that Euroseas shares will begin to anticipate a sector rebound in 2020, even though his projection for 2019 EBITDA of $4.8M marks a 25% decline from 2018 levels.
EURN Euronav NV
$11.32

-0.02 (-0.18%)

02/12/19
DNBM
02/12/19
UPGRADE
DNBM
Buy
Euronav NV upgraded to Buy from Hold at DNB Markets
01/23/19
01/23/19
NO CHANGE

JPMorgan upgrades Euronav, downgrades Scorpio, TEN in tanker earnings preview
As previously reported, JPMorgan analyst Noah Parquette upgraded Euronav NV to Overweight ahead of the company's Q4 results, stating that he expects it will be "a focus stock" for investors looking to play the tanker market. He likes Euronav's dividend policy and views the upside/downside risk as compelling following the recent selloff in the stock, Parquette tells investors. He trimmed his price target on Euronav shares to $11 from $12. Parquette downgraded Scorpio Tankers (STNG) to Neutral from Overweight with an unchanged $23 price target ahead of the company's Q4 results, stating that the dilution and leverage incurred over the past 1-2 years limits upside relative to other stocks in the space. Parquette also downgraded TEN, Ltd. to Neutral from Overweight, citing his return expectations relative to the rest of the tanker stocks he covers.
02/12/19
02/12/19
UPGRADE

Buy
DNB Markets sees risks discounted in valuation, ups crude tanker stocks to Buy
As previously reported, DNB Markets analyst Nicolay Dyvik upgraded DHT Holdings (DHT), Euronav NV (EURN), Frontline (FRO) and Teekay Tankers (TNK) to Buy from Hold as he believes the risks he put forward in his previous downgrades are now discounted in equity values. At an EV/GAV of 0.8 times, OPEC output cuts are discounted, but IMO 2020 is not, he contended, adding that ship prices are up in the past two months, as the one-year time-charter market starts to discount IMO 2020, and with tanker stocks set to follow.
EVR Evercore Partners
$76.25

0.215 (0.28%)

08/14/19
08/14/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Evercore Partners (EVR) upgraded to Neutral from Sell at Goldman Sachs with analyst Richard Ramsden saying believes that stronger U.S. large cap deal activity than he previously expected should support Evercore's revenues. 2. Sanofi (SNY) upgraded to Buy from Neutral at UBS with analyst Laura Sutcliffe saying she sees signs of a turnaround for the company and believes its pipeline can fixed ahead of patent expiration. 3. Bristol-Myers (BMY) upgraded to Overweight from Neutral at Atlantic Equities. 4. Horizon Pharma (HZNP) upgraded to Outperform from Market Perform at BMO Capital with analyst Gary Nachman citing the company's "strong" Q2 results driven by Krystexxa. 5. Ferrari (RACE) upgraded to Buy from Neutral at Goldman Sachs with analyst George Galliers citing the company's Q2 results earlier this month. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/14/19
GSCO
08/14/19
UPGRADE
Target $89
GSCO
Neutral
Evercore Partners upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Richard Ramsden upgraded Evercore Partners to Neutral from Sell and raised his price target for the shares to $89 from $84. The analyst believes that stronger U.S. large cap deal activity than he previously expected should support Evercore's revenues. Based on current macro indicators, Ramsden still believes the underlying environment is supportive of U.S. large cap deal activity. He raised his growth expectations for the company to reflect increased optimism on the underlying M&A environment.
06/06/19
WOLF
06/06/19
UPGRADE
Target $114
WOLF
Outperform
Evercore Partners upgraded to Outperform from Peer Perform at Wolfe Research
Wolfe Research analyst Steven Chubak upgraded Evercore Partners to Outperform from Peer Perform following the pullback in the stock since he initiated coverage in September. He raised his price target to $114 from $108, citing his expectations for upward revisions to consensus forecasts given the company's EPS momentum and market share gains.
05/23/19
JMPS
05/23/19
UPGRADE
Target $100
JMPS
Outperform
Evercore Partners upgraded to Outperform after 'advisory day' at JMP Securities
As previously reported, JMP Securities analyst Devin Ryan upgraded Evercore Partners to Outperform from Market Perform after having hosted a series of meetings with senior management and investment banking heads from a number of public advisory firms. Several companies that were involved in the firm's "Independent Advisory Day" started the year with a softer quarter, but Ryan said he believes each clearly feels "pretty good" about the current state of the advisory market. He thinks the expectation for most is for similar revenue in 2019 compared to 2018, "plus or minus," which in some cases would be a win relative to where he believes the current market expectation is, Ryan stated. He set a $100 price target on Evercore shares.
GLOP GasLog Partners
$19.89

-0.07 (-0.35%)

06/25/19
06/25/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tiffany (TIF) downgraded to Hold from Buy at Loop Capital with analyst Laura Champine saying she believes weak tourist traffic continues to impact global demand levels, adding that she is "concerned" that same-store sales growth may prove more difficult to achieve as the company laps its paper flowers launch. 2. GasLog Partners (GLOP) downgraded to Hold from Buy at Stifel with analyst Benjamin Nolan citing valuation and the announcement of an agreement to eliminate the GP's incentive distribution rights in exchange for newly issued limited partner units at a price that Nolan estimates "to be higher than necessary." 3. Kellogg (K) downgraded to Underweight from Equal Weight at Consumer Edge. 4. Delek US (DK) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying the stock has risen 28% since June amid a favorable crude spread between Brent and Midland. 5. Brighthouse Financial (BHF) downgraded to Underperform from Neutral at Credit Suisse and to Sell from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/28/19
FERN
06/28/19
DOWNGRADE
FERN
Reduce
GasLog Partners downgraded to Reduce from Accumulate at Fearnley
06/24/19
STFL
06/24/19
UPGRADE
Target $18
STFL
Buy
GasLog upgraded to Buy from Hold at Stifel
Stifel analyst Benjamin Nolan upgraded GasLog (GLOG) to Buy from Hold, citing both valuation and his expectation for strong LNG charter rates in the second half of the year. Nolan increased his GasLog price target to $18 from $17 to reflect the "favorable terms" for the buyout of the incentive distribution rights from the GasLog Partners (GLOP) partnership. Separately, the analyst also downgraded GasLog Partners to Hold from Buy.
06/24/19
STFL
06/24/19
DOWNGRADE
Target $22
STFL
Hold
GasLog Partners downgraded to Hold from Buy at Stifel
Stifel analyst Benjamin Nolan downgraded GasLog Partners (GLOP) to Hold from Buy citing valuation and the announcement of an agreement to eliminate the GP's incentive distribution rights in exchange for newly issued limited partner units at a price that Nolan estimates "to be higher than necessary." Separately, Nolan upgraded GasLog (GLOG) to Buy from Hold. He keeps a $22 price target on GasLog Partners units.
GNK Genco Shipping
$10.12

-0.25 (-2.41%)

01/03/19
MAXM
01/03/19
INITIATION
Target $22
MAXM
Buy
Genco Shipping initiated with a Buy at Maxim
Maxim analyst James Jang initiated Genco Shipping with a Buy rating and a price target of $22, saying the time has come to "ride the rising tide". The analyst notes that the dry bulk shipping sector is climbing towards mid-cycle rates and sees the company as having the "most diversified fleets of dry bulk vessels." Jang expects Genco Shipping to grow its 2019 earnings by 376% and 2020 EPS by 87% as the management navigates the IMO2020 regulations to "realize higher fuel savings and earn above market-rates for its Capesize fleet ahead of its peers."
GOGL Golden Ocean
$5.98

-0.175 (-2.84%)

11/15/18
BTIG
11/15/18
INITIATION
Target $10
BTIG
Buy
Golden Ocean initiated with a Buy at BTIG
10/23/18
NORD
10/23/18
DOWNGRADE
NORD
Hold
Golden Ocean downgraded to Hold from Buy at Nordea
11/15/18
BTIG
11/15/18
INITIATION
Target $10
BTIG
Buy
Golden Ocean, Scorpio Bulkers initiated with a Buy at BTIG
BTIG analyst Gregory Lewis initiated Golden Ocean (GOGL) with a Buy rating and a price target of $10 as part of his broader research note launching coverage of the Dry Bulk industry, adding that the stock is his Top Pick in the sector. The analyst states that in spite of the recent sell off in the Baltic Dry Index, which has fallen about 35% since the start of Q4, freight recovery is now running for the past two years. Lewis adds that while Capesize rates are down over 50% this quarter, the medium and small Panamax and Supramax rates are down only about 10%-15%. With freight momentum building, the analyst expects Capesize rates to rise about 20% next year and contends that the recent sell-off offers an attractive entry point for dry bulk stocks. As part of the research note, the analyst also initiated Scorpio Bulkers (SALT) with a Buy rating and a $8 price target.
01/10/19
NORD
01/10/19
DOWNGRADE
NORD
Sell
Golden Ocean downgraded to Sell from Hold at Nordea
GRIN Grinrod Shipping
$5.70

0.095 (1.70%)

GSL Global Ship Lease
$7.56

-0.12 (-1.56%)

09/30/19
RILY
09/30/19
INITIATION
Target $15
RILY
Buy
Global Ship Lease initiated with a Buy at B. Riley FBR
B. Riley FBR analyst Liam Burke started Global Ship Lease with a Buy rating and $15 price target. While the shares have had a solid run in 2019, they are trading at a discount to peers and remain "very attractively priced," Burke tells investors in a research note. He believes the company has the assets in place to capitalize on favorable market fundamentals.
04/09/19
CLKS
04/09/19
INITIATION
Target $9
CLKS
Buy
Global Ship Lease initiated with a Buy at Clarksons Platou
Clarksons Platou initiated Global Ship Lease with a Buy and $9 price target.
09/30/19
09/30/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Shake Shack (SHAK) initiated with a Hold at Deutsche Bank. 2. Bellus Health (BLU) initiated with a Buy at Jefferies as well as Guggenheim, and an Outperform at Cowen. 3. Idex Corp. (IEX) initiated with a Neutral at Citi. 4. Global Ship Lease (GSL) initiated with a Buy at B. Riley FBR. 5. Murphy Oil (MUR) initiated with an Outperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
INSW International Seaways
$25.88

0.42 (1.65%)

11/09/18
RILY
11/09/18
INITIATION
Target $21.5
RILY
Neutral
International Seaways initiated with a Neutral at B. Riley FBR
B. Riley FBR analyst Liam Burke started International Seaways with a Neutral rating and $21.50 price target.
10/11/19
BTIG
10/11/19
INITIATION
Target $30
BTIG
Buy
International Seaways initiated with a Buy rating at BTIG
BTIG analyst Gregory Lewis initiated coverage of International Seaways with a Buy rating and $30 price target. The analyst expects management, over the medium term, to reposition International Seaways as premiere crude tanker company which he thinks should "unlock some of the hidden value" of its multiple business lines.
12/06/18
JEFF
12/06/18
NO CHANGE
Target $30
JEFF
Buy
International Seaways 'very attractive' play on tanker recovery, says Jefferies
After accompanying the management team in client meetings, Jefferies analyst Randy Giveans believes that International Seaways is a "very attractive" way to invest in the sustained tanker recovery "that has just begun." The recent improvement in the crude tanker market is only the beginning of what should be a multi-year recovery, Giveans tells investors in a research note. The analyst keeps a Buy rating on International Seaways with a $30 price target.
JEF Jefferies Financial Group
$18.13

0.065 (0.36%)

01/25/19
OPCO
01/25/19
NO CHANGE
OPCO
Outperform
Bank stocks still 'resoundingly cheap,' says Oppenheimer
Oppenheimer analyst Chris Kotowski told investors in a research note that one reason he is so "incessantly bullish" on bank stocks is that investors "still so incessantly hate them." The stocks still remain resoundingly cheap at a 63% relative P/E multiple even though bank balance sheets are arguably the best they have ever been, and the business models decidedly less capital-intensive, he contends. He continues to recommend Outperform-rated Bank of America (BAC), CIT (CIT), Citi (C), Goldman (GS), Jefferies (JEF), Morgan Stanley (MS) and U.S. Bancorp (USB).
07/11/19
KBWI
07/11/19
INITIATION
Target $23
KBWI
Market Perform
Jefferies Financial Group assumed with a Market Perform at Keefe Bruyette
Keefe Bruyette analyst Michael Brown assumed coverage of Jefferies Financial Group with a Market Perform rating and $23 price target. Despite its simplification actions, the company's business model has retained a high level of complexity and remains highly-cyclical due to its close ties to the health of capital markets, Brown tells investors in a research note. He believes investors need to see consistent results and a clearer path to higher returns before investors give Jefferies full credit for the transformation .
01/11/19
OPCO
01/11/19
NO CHANGE
Target $30
OPCO
Outperform
Jefferies Financial price target cut to $30 from $32 at Oppenheimer
Oppenheimer analyst Chris Kotowski maintained an Outperform rating on Jefferies Financial but lowered his price target to $30 from $32. In a research note to investors, Kotowski says he retains his bullish stance on the shares despite the company's weaker Q4 earnings "and a lot of moving parts." The analyst contends that "the good news" is not just that Jefferies remained solidly profitable in a "very messy" high-yield environment, but that it completed its share buyback authorization and authorized another $500M of buybacks.
NMCI Navios Maritime Containers
$2.06

0.005 (0.24%)

03/27/19
JPMS
03/27/19
INITIATION
Target $9
JPMS
Overweight
Navios Maritime Containers initiated with an Overweight at JPMorgan
JPMorgan analyst Noah Parquette initiated Navios Maritime Containers with an Overweight rating and $9 price target. In a research note to investors, Parquette says he believes Navios Maritime Containers is an interesting alternative for investors looking at the container shipping sector, as it has an underleveraged balance sheet, high operating leverage to a recovery, and deep valuation discount to its peers.
SALT Scorpio Bulkers
$7.27

-0.005 (-0.07%)

07/10/19
BTIG
07/10/19
NO CHANGE
Target $9
BTIG
Buy
Scorpio Bulkers price target raised to $9 from $8 at BTIG
BTIG analyst Gregory Lewis raised his price target on Scorpio Bulkers to $9 and kept his Buy rating, saying that while the stock price increased 30% over the past month, it is still trading at about a 45% discount to net asset value vs. the peers' range of discounts of 0% to 30%. The analyst believes that the stock has "ample room to run" with the bottom in shipping rates now in the past and the asset prices "trending stable".
11/15/18
BTIG
11/15/18
INITIATION
Target $8
BTIG
Buy
Scorpio Bulkers initiated with a Buy at BTIG
BTIG analyst Gregory Lewis initiated Scorpio Bulkers with a Buy rating and a price target of $8.
10/17/18
10/17/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Infosys (INFY) downgraded to Neutral from Buy at Goldman Sachs with analyst Sumeet Jain saying yesterday's Q2 results were in-line but at the expense of "unexpectedly" higher investments. 2. Netflix (NFLX) downgraded to Sector Weight from Overweight at KeyBanc with analyst Andy Hargreaves citing quarterly results. While the analyst maintains a favorable view of Netflix's strategic positioning, he believes improving investment efficiency or significant ancillary opportunities are needed to drive upside from current levels, and he does not anticipate either over the next year. 3. Home Depot (HD), Lowe's (LOW), KB Home (KBH), and Lennar (LEN) were downgraded to Neutral from Outperform at Credit Suisse. 4. Del Taco (TACO) downgraded to Neutral from Buy at BTIG with analyst Peter Saleh citing the "combination of negative traffic and rising food and labor inflation" weighing on its prospects for the coming year, adding that while he is optimistic on its promotions and delivery potential, he is also worried about customers being discouraged by the company's higher pricing. 5. Scorpio Bulkers (SALT) downgraded to Neutral from Overweight at JPMorgan with analyst Noah Parquette citing the company's related party transactions and recent investment in Scorpio Tankers (STNG) for the downgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SB Safe Bulkers
$1.88

-0.04 (-2.08%)

11/09/18
JEFF
11/09/18
UPGRADE
Target $3.5
JEFF
Buy
Jefferies calls Safe Bulkers undervalued, upgrades shares to Buy
Jefferies analyst Randy Giveans upgraded Safe Bulkers to Buy from Hold with an unchanged price target of $3.50. The stock has traded down recently with capesize rates amid Australian iron ore supply disruptions, but Capesizes make up only four of Safe Bulkers' 41-vessel fleet, Giveans tells investors in a research note. The analyst points out that smaller asset class spot rates, time charter rates, and asset values "remain firm." He thinks the shares, currently trading at a 20% discount to estimated net asset value, are undervalued. Safe Bulkers shares should perform well as rates improve in the coming weeks/months, says Giveans.
11/09/18
JEFF
11/09/18
UPGRADE
Target $3.5
JEFF
Buy
Safe Bulkers upgraded to Buy from Hold at Jefferies
Jefferies analyst Randy Giveans upgraded Safe Bulkers to Buy with a $3.50 price target.
10/18/18
10/18/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nike (NKE) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Nagel saying Nike represents an "already dominant, legacy global brand that is now aggressively embracing the power of digital to enhance most facets of its business." 2. United Continental (UAL) upgraded to Outperform from Neutral at Macquarie and to Overweight from Equal Weight at Stephens. 3. Generac (GNRC) upgraded to Neutral from Sell at Goldman Sachs with analyst Jerry Revich saying the company's organic growth outlook is improving amid rising power disturbances. 4. Proteostasis (PTI) upgraded to Outperform from Sector Perform at RBC Capital with analyst Brian Abrahams citing an "impressive" set of data from its phase 2 cystic fibrosis doublet trial. 5. Safe Bulkers (SB) upgraded to Outperform from In Line at Evercore ISI with analyst Jonathan Chappell saying the disconnect between dry bulk equity prices and spot rates continues to widen due to global trade/macro fears. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/20/19
MAXM
02/20/19
NO CHANGE
Target $3.5
MAXM
Buy
Safe Bulkers price target lowered to $3.50 from $6 at Maxim
Maxim analyst James Jang lowered his price target on Safe Bulkers to $3.50 after its in-line Q4 results and citing concerns around the "ongoing U.S.-China trade war and slowdown in Chinese seaborne coal demand" in the first half of 2019. The analyst is keeping his Buy rating on the stock, saying his new price target "still represents significant upside".
SBLK Star Bulk Carriers
$11.05

-0.03 (-0.27%)

02/15/19
MSCO
02/15/19
DOWNGRADE
Target $9.5
MSCO
Equal Weight
Star Bulk Carriers downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley analyst Fotis Giannakoulis downgraded Star Bulk Carriers to Equal Weight from Overweight as he believes the dry bulk shipping market has entered into a period of structural slowdown given that both iron ore and coal are not currently growing. Despite his "guarded" long-term outlook for seaborne bulk trade, Giannakoulis believes the risk/reward in the stock is balanced as he thinks current valuation already discounts market weakness, he added. He lowered his price target on Star Bulk Carriers shares to $9.50 from $15, noting that he anticipates a drop in ship prices.
02/15/19
MSCO
02/15/19
DOWNGRADE
MSCO
Equal Weight
Star Bulk Carriers downgraded to Equal Weight from Overweight at Morgan Stanley
01/04/19
DNBM
01/04/19
INITIATION
DNBM
Buy
Star Bulk Carriers initiated with a Buy at DNB Markets
07/09/19
JEFF
07/09/19
NO CHANGE
Target $12
JEFF
Buy
Star Bulk Carriers shares attractive at 80% of NAV, says Jefferies
After spending time with management, Jefferies analyst Randy Giveans believes Star Bulk Carriers is positioning itself to be one of the industry leaders during the ongoing dry bulk recovery in the second half of 2019 and beyond. Trading at 80% of net asset value, the stock remains attractively valued, Giveans tells investors in a research note. The analyst believes dry bulk shipping demand is showing signs of improvement.
SHIP Seanergy Marine
$0.66

0.1184 (21.72%)

06/17/19
NBLE
06/17/19
UPGRADE
NBLE
Outperform
Seanergy Marine upgraded to Outperform from Market Perform at Noble Capital
Noble Capital analyst Poe Fratt upgraded Seanergy Marine to Outperform from Market Perform, stating that he is adjusting his 2019 EBITDA estimate to reflect lower rates following the company's weaker than expected Q1 results but that along with a high risk he now sees high upside potential for the shares given the market improvement expected later this year.
03/21/19
MAXM
03/21/19
NO CHANGE
Target $10
MAXM
Buy
Seanergy Marine price target lowered to $10 from $37.50 at Maxim
Maxim analyst James Jang lowered his price target on Seanergy Marine (SHIP) to $10 after its Q4 results, saying that while earnings exceeded expectations, his rolled out model to 2021 NAV is also reducing his estimates. The analyst contends that the Vale (VALE) dam collapse will limit iron ore cargo shipments ex-Brazil in 2019 but sees those factors largely impacting only the first half of 2019. Longer term, Jang keeps his Buy rating and says his bullish thesis remains intact.
05/13/19
NBLE
05/13/19
DOWNGRADE
NBLE
Market Perform
Seanergy Marine downgraded to Market Perform from Outperform at Noble Capital
STNG Scorpio Tankers
$36.00

1.26 (3.63%)

05/16/19
JPMS
05/16/19
UPGRADE
Target $34
JPMS
Overweight
JPMorgan upgrades Scorpio Tankers to Overweight on IMO 2020 momentum
JPMorgan analyst Noah Parquette upgraded Scorpio Tankers to Overweight from Neutral and raised his price target for the shares to $34 from $29. The analyst says he's seen a considerable increase in interest from investors in the IMO 2020 product tanker story in recent weeks. As the largest owner of product tankers in the world, Scorpio Tankers "should benefit from this momentum," Parquette tells investors in a research note. Further, strength in product tanker rates could be seen in Q3 and Q4 as refineries exit maintenance periods and many ship owners begin filling their ships with low sulphur fuel before the actual switch date, adds the analyst. He sees a "reasonable path" to $34 per share by year-end.
06/28/19
JEFF
06/28/19
NO CHANGE
Target $40
JEFF
Buy
Scorpio Tankers a 'very attractive' play on tanker 'super cycle,' says Jefferies
After spending time with management, Jefferies analyst Randy Giveans believes Scorpio Tankers remains well positioned to benefit from a multi-year products tanker market recovery "that is already showing signs of life." The company offers a "very attractive" way to invest in the upcoming products tanker "super cycle" given its "massive" operating leverage to an improving spot market and focus on delevering the balance sheet, Giveans tells investors in a research note. Further, the shares are trading at a 20% discount to net asset value, he adds. The analyst keeps a Buy rating on Scorpio Tankers with a $40 price target.
07/02/19
BTIG
07/02/19
NO CHANGE
Target $38
BTIG
Buy
Scorpio Tankers price target raised to $38 from $30 at BTIG
BTIG analyst Gregory Lewis raised his price target for Scorpio Tankers to $38 from $30 and reiterated a Buy rating. In a research note to investors, Lewis says he believes it is still the early stages of a cyclical up-cycle in the product tanker market, and says he is "excited" about the potential impact from IMO 2020 on the on the product tanker market in terms of fuel service disruptions, evolving product tanker trade routes and vessel discrimination. The analyst expects the "ripples" of IMO 2020 to be felt for at least the next few years.
05/16/19
05/16/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Macy's (M) upgraded to Neutral from Sell at Goldman Sachs with analyst Alexandra Walvis saying she sees a more balanced risk/reward in the wake of the stock's recent underperformance. 2. SAIC (SAIC) upgraded to Outperform from Market Perform at Wells Fargo with analyst Edward Caso saying he has "growing comfort" with the company's ongoing integration of its Engility acquisition and sees the deal producing a "notable improvement" in free cash flow. 3. Scorpio Tankers (STNG) upgraded to Overweight from Neutral at JPMorgan with analyst Noah Parquette saying he's seen a considerable increase in interest from investors in the IMO 2020 product tanker story in recent weeks. 4. KB Home (KBH) and Taylor Morrison (TMHC) were upgraded to Outperform from Sector Perform at RBC Capital. 5. MYR Group (MYRG) upgraded to Buy from Hold at Stifel with analyst Noelle Dilts saying she sees "compelling dynamics" in the electric transmission and distribution market as utilities move investment toward power delivery in order to address reliability concerns, the need for grid hardening, and aging infrastructure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TELL Tellurian
$8.56

0.26 (3.13%)

09/17/19
09/17/19
INITIATION
Target $14

Outperform
Tellurian initiated with an Outperform at Evercore ISI
As previously reported, Evercore ISI initiated Tellurian with an Outperform rating and a price target of $14. The analyst cites the company's plan to "fully integrate the business model to include upstream natural gas reserves and a proprietary pipeline network to bring cost-advantaged gas directly to its liquefaction terminal." Evercore anticipates that investment decision to occur some time in Q1 of 2020 and believes it may serve as a "material catalyst" toward a positive equity valuation re-rating.
08/23/19
BOFA
08/23/19
DOWNGRADE
Target $9.5
BOFA
Neutral
Tellurian downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Julien Dumoulin-Smith downgraded Tellurian to Neutral from Buy and raised its price target to $9.50 from $9 citing recent share strength and notes modest cash burn near-term.
09/20/19
MSCO
09/20/19
INITIATION
Target $6
MSCO
Underweight
Tellurian initiated with an Underweight at Morgan Stanley
Morgan Stanley analyst Devin McDermott started Tellurian with an Underweight rating and $6 price target. The analyst says Greenfield U.S. liquefied natural gas projects are not economic at his projected $6.25 average gas prices in Asia over the next decade. Tellurian currently has no organic cash flow and a high cash burn rate as it seeks to advance its Driftwood LNG project, McDermott tells investors in a research note. He believes the company's "significant exposure" to "weak" LNG prices presents downside to the shares.
09/17/19
EVER
09/17/19
INITIATION
Target $14
EVER
Outperform
Tellurian initiated with an Outperform at Evercore ISI
Evercore ISI started Tellurian with an Outperform rating and $14 price target.
TK Teekay Corp.
$4.89

0.05 (1.03%)

01/22/19
01/22/19
DOWNGRADE
Target $1

Underweight
Teekay Offshore Partners downgraded to Underweight at Morgan Stanley
As previously reported, Morgan Stanley analyst Fotis Giannakoulis downgraded Teekay Offshore Partners (TOO) to Underweight from Equal Weight, citing his lower oil price forecast and its impact on the Floating Production Storage and Offloading business. He sees lower oil prices putting pressure on its oil linked FPSO contracts and making redeployment of its assets more difficult, Giannakoulis tells investors. He cut his price target on Teekay Offshore Partners shares to $1 from $2.75 and also lowered his price target on Teekay Corporation (TK) to $3 from $6.50.
10/02/19
10/02/19
NO CHANGE

Teekay Corp. Investor Day has been postponed
The Investor Day that was to be held in New York on October 2 at 8 am has been postponed.
10/22/18
BOFA
10/22/18
INITIATION
Target $8
BOFA
Buy
Teekay Corp. initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Melvin Shieh initiated Teekay Corp with a Buy and $8 price target. Shieh is bullish on Teekay's outlook saying he expects potential upside from secular growth of liquefied natural gas and petroleum gas, a recovery in product and crude tanker markets, and demand for energy commodities.
TNP TEN, Ltd.
$3.99

0.21 (5.56%)

02/15/19
MSCO
02/15/19
DOWNGRADE
Target $3.5
MSCO
Equal Weight
TEN, Ltd. downgraded to Equal Weight on debt burden at Morgan Stanley
As previously reported, Morgan Stanley analyst Fotis Giannakoulis downgraded TEN, Ltd. to Equal Weight from Overweight, stating that the upcoming refinancings of the preferred stocks could erode the company's liquidity. Even as the tanker market tightens in 2020-21, the company's heavy debt repayment schedule lowers its ability to grow or pay higher dividends, Giannakoulis tells investors. He has a $3.50 price target on TEN, Ltd. shares.
02/15/19
MSCO
02/15/19
DOWNGRADE
MSCO
Equal Weight
TEN, Ltd. downgraded to Equal Weight from Overweight at Morgan Stanley
XOM Exxon Mobil
$69.20

0.24 (0.35%)

08/19/19
08/19/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. NXP Semiconductors (NXPI) initiated with an Outperform at Raymond James. 2. AMD (AMD) initiated with a Neutral at Piper Jaffray. 3. Sunnova Energy (NOVA) initiated with an Overweight at JPMorgan, as well as a Buy at Goldman Sachs and BofA/Merrill. 4. Chevron (CVX), Hess Corp. (HES), and ConocoPhillips (COP) initiated with Overweight ratings at Barclays while Exxon Mobil (XOM) and Occidental Petroleum (OXY) initiated with Equal Weight ratings. 5. Castle Biosciences (CSTL) initiated with an Outperform at SVB Leerink and Baird, as well as a Buy at Canaccord and BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/20/19
BMOC
08/20/19
INITIATION
Target $86
BMOC
Market Perform
Exxon Mobil initiated with a Market Perform at BMO Capital
BMO Capital analyst Daniel Boyd started Exxon Mobil with a Market Perform rating and $86 price target.
10/07/19
BREN
10/07/19
NO CHANGE
Target $63
BREN
Hold
Exxon Mobil price target lowered to $63 from $73 at Berenberg
Berenberg analyst Henry Tarr lowered his price target for Exxon Mobil saying last week's regulatory filing "again highlights weak quarterly earnings." The analyst keeps a Hold rating on the shares into Exxon Mobil's Q3 results.
08/20/19
08/20/19
INITIATION

Market Perform
Exxon Mobil initiated with a Market Perform at BMO Capital
As previously reported, BMO Capital analyst Daniel Boyd started Exxon Mobil with a Market Perform rating and $86 price target. Boyd called the company's upstream portfolio "best-in-class" and noted that his estimates show growth and returns nearing positive inflection. However, the analyst is concerned about "the stock's path given risk to near-term guidance while the upside case requires confidence in 2025 guidance."

TODAY'S FREE FLY STORIES

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FX Action: The Canadian dollar has come under notable pressure »

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Asian Market Update: »

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Japan exports slumped 9.2% y/y in October, »

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ESYJY

easyJet

$0.00

(0.00%)

20:35
11/19/19
11/19
20:35
11/19/19
20:35
Initiation
easyJet initiated at Goldman Sachs »

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03/08/13
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03/06/13
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MSEX

Middlesex Water

$62.07

1.5 (2.48%)

20:31
11/19/19
11/19
20:31
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20:31
Syndicate
Middlesex Water 661K share Spot Secondary priced at $60.50 »

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  • 20

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DLAKY

Lufthansa

$0.00

(0.00%)

20:29
11/19/19
11/19
20:29
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20:29
Initiation
Lufthansa initiated at Goldman Sachs »

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03/06/13
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TGT

Target

$110.86

0.27 (0.24%)

, LOW

Lowe's

$113.41

-1.62 (-1.41%)

20:25
11/19/19
11/19
20:25
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Earnings
Notable companies reporting before tomorrow's open »

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TGT

Target

$110.86

0.27 (0.24%)

LOW

Lowe's

$113.41

-1.62 (-1.41%)

NTES

NetEase

$288.77

-1.33 (-0.46%)

CPRT

Copart

$86.33

0.32 (0.37%)

LB

L Brands

$17.19

-0.67 (-3.75%)

03/08/13
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ICAGY

IAG

$0.00

(0.00%)

20:23
11/19/19
11/19
20:23
11/19/19
20:23
Initiation
IAG initiated at Goldman Sachs »

IAG initiated with a Buy…

03/08/13
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03/06/13
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RYAAY

Ryanair

$86.27

0.52 (0.61%)

20:20
11/19/19
11/19
20:20
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20:20
Initiation
Ryanair initiated at Goldman Sachs »

Ryanair initiated with a…

03/08/13
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03/06/13
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LXFR

Luxfer

$17.57

0.16 (0.92%)

20:11
11/19/19
11/19
20:11
11/19/19
20:11
Initiation
Luxfer initiated at B. Riley FBR »

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03/08/13
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03/06/13
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VAL

Valaris

$3.69

-0.515 (-12.26%)

20:09
11/19/19
11/19
20:09
11/19/19
20:09
Initiation
Valaris initiated at Deutsche Bank »

Valaris initiated with a…

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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RIG

Transocean

$4.66

-0.16 (-3.32%)

20:03
11/19/19
11/19
20:03
11/19/19
20:03
Initiation
Transocean initiated at Deutsche Bank »

Transocean initiated with…

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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FTI

TechnipFMC

$19.29

-0.24 (-1.23%)

19:58
11/19/19
11/19
19:58
11/19/19
19:58
Initiation
TechnipFMC initiated at Deutsche Bank »

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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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SLB

Schlumberger

$34.31

-0.36 (-1.04%)

19:53
11/19/19
11/19
19:53
11/19/19
19:53
Initiation
Schlumberger initiated at Deutsche Bank »

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03/06/13
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PTEN

Patterson-UTI

$8.49

-0.095 (-1.11%)

19:45
11/19/19
11/19
19:45
11/19/19
19:45
Initiation
Patterson-UTI initiated at Deutsche Bank »

Patterson-UTI initiated…

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

Safehold

$34.59

-1.33 (-3.70%)

19:38
11/19/19
11/19
19:38
11/19/19
19:38
Syndicate
Safehold 3M share Secondary priced at $34.00 »

The deal size was…

03/08/13
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  • 20

    Nov

  • 21

    Nov

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    Nov

HP

Helmerich & Payne

$38.39

-0.45 (-1.16%)

19:36
11/19/19
11/19
19:36
11/19/19
19:36
Initiation
Helmerich & Payne initiated at Deutsche Bank »

Helmerich & Payne…

03/08/13
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HAL

Halliburton

$19.89

-0.26 (-1.29%)

19:31
11/19/19
11/19
19:31
11/19/19
19:31
Initiation
Halliburton initiated at Deutsche Bank »

Halliburton initiated…

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  • 21

    Jan

BKR

Baker Hughes

$22.01

-0.155 (-0.70%)

19:24
11/19/19
11/19
19:24
11/19/19
19:24
Initiation
Baker Hughes initiated at Deutsche Bank »

Baker Hughes initiated…

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PHAT

Phathom Pharmaceuticals

$24.79

-0.09 (-0.36%)

19:23
11/19/19
11/19
19:23
11/19/19
19:23
Initiation
Phathom Pharmaceuticals initiated at Evercore ISI »

Phathom Pharmaceuticals…

03/08/13
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SHW

Sherwin-Williams

$584.48

-1.13 (-0.19%)

19:20
11/19/19
11/19
19:20
11/19/19
19:20
Downgrade
Sherwin-Williams rating change at Edward Jones »

Sherwin-Williams…

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SPY

SPDR S&P 500 ETF Trust

$311.95

-0.06 (-0.02%)

, SPX

S&P 500

$0.00

(0.00%)

19:17
11/19/19
11/19
19:17
11/19/19
19:17
Periodicals
Commerce Sec Ross says China trade talks still work in progress, Bloomberg says »

U.S. Commerce Secretary…

SPY

SPDR S&P 500 ETF Trust

$311.95

-0.06 (-0.02%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

19:10
11/19/19
11/19
19:10
11/19/19
19:10
Downgrade
Berry Petroleum rating change at KeyBanc »

Berry Petroleum…

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NYMT

New York Mortgage

$6.25

0.015 (0.24%)

19:05
11/19/19
11/19
19:05
11/19/19
19:05
Syndicate
New York Mortgage 25M share Spot Secondary priced at $6.10 »

The deal priced below the…

03/08/13
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  • 20

    Nov

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