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ADBE

Adobe

$266.84

1.42 (0.54%)

, AAPL

Apple

$240.49

4.2 (1.78%)

18:55
10/21/19
10/21
18:55
10/21/19
18:55

Adobe to roll out Illustrator app for iPad in 2020, Bloomberg reports

Adobe (ADBE) has selected Illustrator as the next big application it will put on Apple's (AAPL) iPad, its latest attempt to create a version of its top desktop products for mobile devices, Bloomberg's Mark Gurman and Nico Grant report, citing people familiar with the matter. Adobe will preview the software for iPad at its Max conference in November before rolling it out next year, the authors say. Reference Link

ADBE

Adobe

$266.84

1.42 (0.54%)

AAPL

Apple

$240.49

4.2 (1.78%)

  • 23

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ADBE Adobe
$266.84

1.42 (0.54%)

10/16/19
SBSH
10/16/19
DOWNGRADE
Target $313
SBSH
Neutral
Citi downgrades Adobe to Neutral on concerns over 2020 guidance
Citi analyst Walter Pritchard downgraded Adobe to Neutral from Buy with a price target of $313, down from $322. The analyst believes the stock's risk/reward is "more balanced" with the company's fiscal 2020 guidance "likely to be less conservative." Consensus fiscal 2020 Digital Experience estimates are too high based on current trends, Pritchard tells investors in a research note. The analyst also thinks Adobe must continue to invest in Digital Experience, likely both organically and through acquisitions, "potentially keeping margins in check." Pritchard moves to the sidelines ahead of the company's analyst day on November 5 due to lower growth and margin visibility.
10/16/19
WEDB
10/16/19
NO CHANGE
Target $80
WEDB
Outperform
DocuSign price target raised to $80 from $65 at Wedbush
Wedbush analyst Daniel Ives raised his price target for DocuSign (DOCU) to $80 from $65 saying that based on his positive Q3 checks, he believes the company is continuing to see strength in the field and is still in the early innings of capitalizing on an expanding deal pipeline both domestically as well as internationally. Further, the analyst things the brand awareness of DocuSign is "unparalleled in the market" from what he hears from customers/partners and has enabled the company to fend off potential competition thus far from all angles including Adobe (ADBE), which remains the biggest competitive/Street worry with "the bark being a lot worse than the bite."
10/16/19
10/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Adobe (ADBE) downgraded to Neutral from Buy at Citi with analyst Walter Pritchard saying he believes the stock's risk/reward is "more balanced" with the company's fiscal 2020 guidance "likely to be less conservative." 2. Acuity Brands (AYI) downgraded to Neutral from Outperform at Baird and to Perform from Outperform at Oppenheimer. 3. Costco (COST) downgraded to Neutral from Buy at Northcoast with analyst Chuck Cerankosky citing valuation. 4. ServiceNow (NOW) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Keith Weiss saying the company remains "best-in-class," but it faces increasing near-term risks, including a CFO transition that may result in more cautious initial guidance for FY20 than most investors expect; tougher subscription billings comparisons in the second half of the year; and high expectations with the stock up more than 50% year-to-date. 5. Extraction Oil & Gas (XOG) downgraded to Equal Weight from Overweight at Stephens with analyst Gail Nicholson citing the Q3 production miss, and increased cautiousness around oil. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/19
DADA
10/17/19
NO CHANGE
Target $79
DADA
Buy
DocuSign price target raised to $79 from $63 at DA Davidson
DA Davidson analyst Rishi Jaluria raised his price target on DocuSign (DOCU) to $79 and kept his Buy rating after hosting a meeting with its management. The analyst notes the discussions indicated that the company's early Contract Lifecycle Management sales traction is "solid" and should become a larger part of its business. Jaluria adds that while Adobe (ADBE) remains the company's primary competitor, its competitive pressure is "smaller" and growing slower. The analyst further states that DocuSign's international opportunity outside of the English-speaking G20 remains early but is still compelling.
AAPL Apple
$240.49

4.2 (1.78%)

10/17/19
WEDB
10/17/19
NO CHANGE
Target $265
WEDB
Outperform
Wedbush incrementally confident in Apple iPhone growth story into 2020
Wedbush analyst Daniel Ives says his checks from his TMT Asia trip have revealed a number of new takeaways that give him incremental confidence in the Apple iPhone growth story into 2020. The analyst believes China demand is tracking roughly 15%-20% above expectations on iPhone 11 thus far and will continue to be a major driver of strength over the coming quarters. From multiple checks his TMT team has picked up that overall iPhone 11 demand is trending "much better" than expected, which further confirms his iPhone units forecast of 185M for fiscal year 2020 is "very hittable" and could show further upside especially as iPhone 11 Pro continues to also track ahead of expectations in the U.S. Ives has an Outperform rating and $265 price target on the shares.
10/17/19
WELS
10/17/19
NO CHANGE
Target $308
WELS
Market Perform
Netflix price target raised to $308 from $288 at Wells Fargo
Wells Fargo analyst Steven Cahall raised his price target for Netflix (NFLX) to $308 from $288 following quarterly results. While the analyst thinks the market is less likely to get as negative as it has been on subscriptions in the near-future, it is also "tough to get too positive" amidst Disney+ (DIS)/Apple+ (AAPL) launches. He reiterates a Market Perform rating on Netflix's shares.
10/21/19
FBCO
10/21/19
NO CHANGE
Target $209
FBCO
Neutral
iPhone Pro lead times shortening, still ahead of last year, says Credit Suisse
Credit Suisse analyst Matthew Cabral says that as of Friday, wait times for the iPhone Pro/Pro Max have shortened by about 1 week since the prior Friday, but remain constrained at greater than 1 week in each of the eight geographies he is tracking with the exception of the Pro Max in China. Pro/Pro Max wait times continue to compare favorably versus last year's XS/XS Max release when equilibrium was reached within three weeks, and are increasingly supportive of the near-term trajectory of iPhone demand, he contends, adding that the most notable change versus a week ago is the durability of iPhone Pro wait times which now stand almost a full week longer than Pro Max, the opposite dynamic to what was seen last year. Cabral has a Neutral rating and a $209 price target.
10/21/19
RAJA
10/21/19
NO CHANGE
Target $280
RAJA
Outperform
Apple price target raised to $280 from $250 at Raymond James
Raymond James analyst Chris Caso raised his price target for Apple to $280 from $250 and reiterated an Outperform rating ahead of the company's September quarter results. In a research note to investors, Caso says his longer thesis regarding optimism for the 2020/21 5G cycle remains unchanged, and adds that more stable near term conditions coupled with the launch of a new SE model in early 2020 creates a bridge to the 5G, which he feels will continue to squeeze the stock higher.

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AGO

Assured Guaranty

$48.76

0.45 (0.93%)

16:28
11/18/19
11/18
16:28
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16:28
Hot Stocks
Assured Guaranty CIO acquires roughly 25,000 common shares »

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MDU

MDU Resources

$29.10

0.08 (0.28%)

16:28
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11/18
16:28
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16:28
Hot Stocks
MDU Resources announces five-year capital investment plan totaling $2.9B »

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PFGC

Performance Food Group

$46.17

(0.00%)

16:28
11/18/19
11/18
16:28
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16:28
Syndicate
Performance Food Group offers to sell 9.2M shares of common stock »

Credit Suisse and Wells…

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DHT

DHT Holdings

$7.52

-0.2 (-2.59%)

16:25
11/18/19
11/18
16:25
11/18/19
16:25
Syndicate
DHT Holdings files to sell 14.68M shares of common stock for holders »

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HPQ

HP Inc.

$20.01

-0.16 (-0.79%)

, XRX

Xerox

$39.30

0.355 (0.91%)

16:24
11/18/19
11/18
16:24
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16:24
On The Fly
Fly Intel: Wall Street's top stories for Monday »

The major averages…

HPQ

HP Inc.

$20.01

-0.16 (-0.79%)

XRX

Xerox

$39.30

0.355 (0.91%)

TMUS

T-Mobile

$78.22

0.17 (0.22%)

WE

We Company

$0.00

(0.00%)

T

AT&T

$39.61

0.12 (0.30%)

VZ

Verizon

$59.43

-0.08 (-0.13%)

FDX

FedEx

$157.61

-0.695 (-0.44%)

WMT

Walmart

$120.21

1.32 (1.11%)

MO

Altria Group

$48.33

0.36 (0.75%)

KRTX

Karuna Therapeutics

$96.00

78.74 (456.20%)

SNAP

Snap

$14.69

0.76 (5.46%)

AMRN

Amarin

$22.63

-1.36 (-5.67%)

AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

SPOT

Spotify

$140.19

-7.16 (-4.86%)

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ESE

Esco Technologies

$84.47

-0.8 (-0.94%)

, SON

Sonoco

$58.58

-0.29 (-0.49%)

16:23
11/18/19
11/18
16:23
11/18/19
16:23
Hot Stocks
Esco Technologies divests technical packaging business segment to Sonoco »

Esco Technologies (ESE)…

ESE

Esco Technologies

$84.47

-0.8 (-0.94%)

SON

Sonoco

$58.58

-0.29 (-0.49%)

03/08/13
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  • 19

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KRTX

Karuna Therapeutics

$96.00

78.74 (456.20%)

16:23
11/18/19
11/18
16:23
11/18/19
16:23
Syndicate
Karuna Therapeutics files to sell 2.6M shares of common stock »

Goldman Sachs & Co.…

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  • 18

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LHX

L3Harris Technologies

$202.71

0.21 (0.10%)

16:22
11/18/19
11/18
16:22
11/18/19
16:22
Initiation
L3Harris Technologies initiated  »

L3Harris Technologies…

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RGC

Regal Entertainment

$0.00

(0.00%)

, CNK

Cinemark

$34.15

0.02 (0.06%)

16:22
11/18/19
11/18
16:22
11/18/19
16:22
Periodicals
DOJ's Delrahim wants to end ban on studios owning theaters, Bloomberg says »

Makan Delrahim, head of…

RGC

Regal Entertainment

$0.00

(0.00%)

CNK

Cinemark

$34.15

0.02 (0.06%)

AMC

AMC Entertainment

$8.47

-0.28 (-3.20%)

IMAX

Imax

$20.88

-0.19 (-0.90%)

03/08/13
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  • 18

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SAFE

Safehold

$35.96

0.65 (1.84%)

, STAR

iStar

$12.18

-0.135 (-1.10%)

16:21
11/18/19
11/18
16:21
11/18/19
16:21
Syndicate
Safehold announces 2M share public offering, concurrent private placement »

Safehold (SAFE) announced…

SAFE

Safehold

$35.96

0.65 (1.84%)

STAR

iStar

$12.18

-0.135 (-1.10%)

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

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SHAK

Shake Shack

$61.75

-0.835 (-1.33%)

16:20
11/18/19
11/18
16:20
11/18/19
16:20
Initiation
Shake Shack initiated  »

Shake Shack initiated…

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KFRC

Kforce

$39.89

0.02 (0.05%)

16:20
11/18/19
11/18
16:20
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16:20
Hot Stocks
Kforce director sells 23K shares of common stock »

In a regulatory filing,…

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
11/18/19
11/18
16:20
11/18/19
16:20
Options
Closing CBOE SPX and VIX Index summary for November 18th »

The CBOE Volatility Index…

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SAEX

SAExploration

$1.53

-0.03 (-1.92%)

16:19
11/18/19
11/18
16:19
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16:19
Hot Stocks
SAExploration announces $130M in new projects in Alaska, Canada and Middle East »

SAExploration Holdings…

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EGHT

8x8, Inc.

$20.79

0.14 (0.68%)

16:19
11/18/19
11/18
16:19
11/18/19
16:19
Syndicate
Breaking Syndicate news story on 8x8, Inc. »

8x8, Inc. files to sell…

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  • 04

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AMC

AMC Entertainment

$8.47

-0.28 (-3.20%)

, CNK

Cinemark

$34.15

0.02 (0.06%)

16:18
11/18/19
11/18
16:18
11/18/19
16:18
Periodicals
DOJ's Delrahim wants to end ban on studios owning theaters, Bloomberg says »

DOJ antitrust chief Makan…

AMC

AMC Entertainment

$8.47

-0.28 (-3.20%)

CNK

Cinemark

$34.15

0.02 (0.06%)

RGC

Regal Entertainment

$0.00

(0.00%)

IMAX

Imax

$20.88

-0.19 (-0.90%)

03/08/13
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  • 18

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    Dec

LCII

LCI Industries

$105.10

-0.41 (-0.39%)

16:17
11/18/19
11/18
16:17
11/18/19
16:17
Hot Stocks
LCI Industries subsidiary buys PWR-ARM Automatic Bimini assets of Schwintek »

LCI Industries announced…

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Z

Zillow

$39.94

0.25 (0.63%)

, ZG

Zillow

$39.75

0.32 (0.81%)

16:17
11/18/19
11/18
16:17
11/18/19
16:17
Hot Stocks
Zillow president of media and marketplaces, Greg Schwartz, steps down »

Zillow announced that…

Z

Zillow

$39.94

0.25 (0.63%)

ZG

Zillow

$39.75

0.32 (0.81%)

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  • 19

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
11/18/19
11/18
16:17
11/18/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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SNE

Sony

$62.41

0.38 (0.61%)

, T

AT&T

$39.61

0.12 (0.30%)

16:16
11/18/19
11/18
16:16
11/18/19
16:16
Hot Stocks
Sony Pictures acquires AT&T's stake in Game Show Network »

Sony Pictures…

SNE

Sony

$62.41

0.38 (0.61%)

T

AT&T

$39.61

0.12 (0.30%)

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  • 18

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    Nov

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    Dec

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    Dec

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    Jan

SON

Sonoco

$58.58

-0.29 (-0.49%)

, ESE

Esco Technologies

$84.47

-0.8 (-0.94%)

16:16
11/18/19
11/18
16:16
11/18/19
16:16
Hot Stocks
Sonoco to acquire TEQ from Esco Technologies for $187M, sees deal as accretive »

Sonoco (SON) announced it…

SON

Sonoco

$58.58

-0.29 (-0.49%)

ESE

Esco Technologies

$84.47

-0.8 (-0.94%)

03/08/13
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  • 19

    Nov

  • 19

    Nov

OVID

Ovid Therapeutics

$2.76

0.14 (5.34%)

, NVS

Novartis

$90.32

0.3 (0.33%)

16:16
11/18/19
11/18
16:16
11/18/19
16:16
Hot Stocks
Ovid Therapeutics appoints Jason Tardio as CCO »

Ovid Therapeutics (OVID)…

OVID

Ovid Therapeutics

$2.76

0.14 (5.34%)

NVS

Novartis

$90.32

0.3 (0.33%)

03/08/13
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  • 07

    Dec

$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
11/18/19
11/18
16:16
11/18/19
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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I

Intelsat

$7.98

-5.42 (-40.45%)

16:15
11/18/19
11/18
16:15
11/18/19
16:15
Downgrade
Intelsat rating change  »

Intelsat downgraded to In…

03/08/13
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03/06/13
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  • 10

    Dec

GSX

GSX Techedu

$16.75

1.84 (12.34%)

16:15
11/18/19
11/18
16:15
11/18/19
16:15
Syndicate
GSX Techedu files to sell 15M American Depositary Shares for holders »

Representing 10M Class A…

03/08/13
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