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CAT

Caterpillar

$133.69

1.47 (1.11%)

08:54
10/23/19
10/23
08:54
10/23/19
08:54

Caterpillar sees dealer inventories decreasing by $900M in Q4

  • 23

    Oct

  • 04

    Nov

CAT Caterpillar
$133.69

1.47 (1.11%)

10/11/19
FBCO
10/11/19
NO CHANGE
Target $149
FBCO
Outperform
Caterpillar price target lowered to $149 after dealer survey at Credit Suisse
Credit Suisse analyst Jamie Cook said 35% of Caterpillar dealers surveyed by the firm cited risks, albeit modest, to full year estimates, while the rest reiterated prior forecasts calling for demand to be flat to up 5%. In the U.S., used pricing remains fairly stable and dealer inventory is slightly elevated in certain regions, Cook said he found. For 2020, however, the outlook is now seen as worse, projected to be down 5%-10% compared to last quarter's forecast of flat to down 5%, the analyst noted. He lowered his FY19-FY21 EPS forecasts in response to the further deterioration in the survey results and weaker industrial data more broadly, causing him to cut his price target for Caterpillar shares to $149 from $165. Cook keeps an Outperform rating on Caterpillar.
10/18/19
MSCO
10/18/19
DOWNGRADE
Target $145
MSCO
Equal Weight
Caterpillar downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Courtney Yakavonis downgraded Caterpillar to Equal Weight from Overweight with a $145 price target.
10/18/19
MSCO
10/18/19
DOWNGRADE
Target $145
MSCO
Equal Weight
Morgan Stanley downgrades Caterpillar, sees 2020 declines for two biggest units
As previously reported, Morgan Stanley analyst Courtney Yakavonis downgraded Caterpillar to Equal Weight from Overweight with a price target of $145, down from $150. She believes that the U.S. Construction Equipment market peaked in 2019 and that Energy & Transportation, or E&T, markets will fail to re-accelerate in 2020, leading Yakavonis to now expect negative growth in the company's two largest business segments in 2020 as well as less upside in Resources. Her sales and EPS estimates are 4% and 2%, respectively, below consensus, and her updated estimates now call for a mild year-over-year earnings decline in 2020, Yakavonis tells investors.
10/18/19
10/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Gildan Activewear (GIL) downgraded to Sell from Buy at Desjardins, to Hold from Buy at Stifel, and to Underperform from Buy at BofA/Merrill. 2. Caterpillar (CAT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Courtney Yakavonis saying she believes that the U.S. Construction Equipment market peaked in 2019 and that Energy & Transportation, or E&T, markets will fail to re-accelerate in 2020. 3. Charles River (CRL) downgraded to Neutral from Buy at BofA/Merrill with analyst Juan Avendano saying the company's acquisition growth opportunities "seem less compelling" going forward. 4. Macy's (M), Gap (GPS), and L Brands (LB) downgraded to Underperform from Neutral at Credit Suisse. 5. Waste Management (WM) downgraded to Neutral from Buy at BofA/Merrill and to Sector Weight from Overweight at KeyBanc. 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

SG

Sirius International Insurance Group

$7.75

0.4 (5.44%)

15:50
11/13/19
11/13
15:50
11/13/19
15:50
Periodicals
Sirius International 'pitched for sale,' Insurance Insider reports »

Sirius 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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CRWD

Crowdstrike

$51.35

4.34 (9.23%)

15:45
11/13/19
11/13
15:45
11/13/19
15:45
Options
CrowdStrike Holdings call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
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  • 05

    Dec

  • 12

    Dec

QGEN

Qiagen

$32.98

0.72 (2.23%)

, TMO

Thermo Fisher

$298.97

2.89 (0.98%)

15:43
11/13/19
11/13
15:43
11/13/19
15:43
Hot Stocks
Qiagen shares surge as Thermo Fisher reportedly weighs purchase »

Shares of Qiagen (QGEN)…

QGEN

Qiagen

$32.98

0.72 (2.23%)

TMO

Thermo Fisher

$298.97

2.89 (0.98%)

03/08/13
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03/06/13
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03/06/13
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  • 02

    Dec

  • 07

    Dec

QGEN

Qiagen

$33.09

0.83 (2.57%)

15:39
11/13/19
11/13
15:39
11/13/19
15:39
Hot Stocks
Breaking Hot Stocks news story on Qiagen 

Qiagen trading resumes

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  • 07

    Dec

CTAS

Cintas

$254.89

-4.01 (-1.55%)

15:38
11/13/19
11/13
15:38
11/13/19
15:38
Recommendations
Cintas analyst commentary  »

Cintas management offers…

03/08/13
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03/06/13
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TMO

Thermo Fisher

$298.79

2.71 (0.92%)

, QGEN

Qiagen

$33.03

0.77 (2.39%)

15:35
11/13/19
11/13
15:35
11/13/19
15:35
Periodicals
Thermo Fisher considering purchase of Qiagen, Bloomberg reports »

Thermo Fisher has…

TMO

Thermo Fisher

$298.79

2.71 (0.92%)

QGEN

Qiagen

$33.03

0.77 (2.39%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 02

    Dec

  • 07

    Dec

QGEN

Qiagen

$33.03

0.77 (2.39%)

15:34
11/13/19
11/13
15:34
11/13/19
15:34
Hot Stocks
Breaking Hot Stocks news story on Qiagen »

Qiagen trading halted,…

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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  • 07

    Dec

PUMP

ProPetro Holding

$7.49

-0.21 (-2.73%)

15:34
11/13/19
11/13
15:34
11/13/19
15:34
Options
ProPetro Holding options imply 26.4% move in share price post-earnings »

Pre-earnings options…

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 14

    Nov

PTON

Peloton

$24.60

-0.12 (-0.49%)

15:21
11/13/19
11/13
15:21
11/13/19
15:21
Periodicals
Peloton said to plan cheaper treadmill, rowing machine for 2020, Bloomberg says »

Peloton (PTON) is said to…

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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  • 14

    Nov

  • 09

    Dec

TNK

Teekay Tankers

$2.02

-0.055 (-2.66%)

15:19
11/13/19
11/13
15:19
11/13/19
15:19
Options
Teekay Tankers options imply 19.5% move in share price post-earnings »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 14

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
11/13/19
11/13
15:17
11/13/19
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
11/13/19
11/13
15:16
11/13/19
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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

Disney

$147.12

8.56 (6.18%)

, NFLX

Netflix

$284.22

-7.79 (-2.67%)

15:04
11/13/19
11/13
15:04
11/13/19
15:04
On The Fly
Disney higher as Disney+ streaming service hits 10M subscribers after one day »

On Tuesday morning, The…

DIS

Disney

$147.12

8.56 (6.18%)

NFLX

Netflix

$284.22

-7.79 (-2.67%)

AAPL

Apple

$264.03

2.14 (0.82%)

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

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  • 21

    Nov

  • 09

    Dec

  • 10

    Dec

NTAP

NetApp

$60.15

0.03 (0.05%)

15:04
11/13/19
11/13
15:04
11/13/19
15:04
Options
NetApp options imply 14.0% move in share price post-earnings »

Pre-earnings options…

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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  • 13

    Nov

  • 20

    Nov

  • 12

    Dec

PDLB

PDL Community Bancorp

$13.78

-0.21 (-1.50%)

15:01
11/13/19
11/13
15:01
11/13/19
15:01
Hot Stocks
PDL Community Bancorp to repurchase up to 878,835 shares of common stock »

PDL Community Bancorp…

03/08/13
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CRK

Comstock Resources

$6.86

-0.02 (-0.29%)

, CHK

Chesapeake

$0.70

0.0303 (4.52%)

14:56
11/13/19
11/13
14:56
11/13/19
14:56
Periodicals
Jerry Jones confirms to Bloomberg that Comstock in talks for Chesapeake assets »

Comstock Resources'…

CRK

Comstock Resources

$6.86

-0.02 (-0.29%)

CHK

Chesapeake

$0.70

0.0303 (4.52%)

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

Instructure

$50.73

2.75 (5.73%)

14:55
11/13/19
11/13
14:55
11/13/19
14:55
Periodicals
Instructure exploring sale following activist pressure, Bloomberg says »

Instructure is weighing…

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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  • 03

    Dec

  • 09

    Dec

ILMN

Illumina

$297.27

1.39 (0.47%)

14:55
11/13/19
11/13
14:55
11/13/19
14:55
Conference/Events
Illumina participates in a conference call with SVB Leerink »

Conference call with Dr.…

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

    Nov

CSCO

Cisco

$48.52

0.14 (0.29%)

14:49
11/13/19
11/13
14:49
11/13/19
14:49
Options
Cisco options imply 7.1% move in share price post-earnings »

Pre-earnings options…

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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  • 13

    Nov

  • 09

    Dec

  • 10

    Dec

LPSN

LivePerson

$34.88

-0.29 (-0.82%)

14:48
11/13/19
11/13
14:48
11/13/19
14:48
Conference/Events
LivePerson management to meet with Jefferies »

Meeting to be held in…

03/08/13
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  • 14

    Nov

  • 10

    Dec

ESTA

Establishment Labs

$23.77

0.17 (0.72%)

14:46
11/13/19
11/13
14:46
11/13/19
14:46
Conference/Events
Establishment Labs management to meet with Jefferies »

Meetings to be held…

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

    Nov

  • 14

    Nov

  • 15

    Nov

CLDR

Cloudera

$8.47

-0.195 (-2.25%)

14:45
11/13/19
11/13
14:45
11/13/19
14:45
Options
Cloudera call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 09

    Dec

DIS

Disney

$145.75

7.19 (5.19%)

14:41
11/13/19
11/13
14:41
11/13/19
14:41
Recommendations
Disney analyst commentary  »

Disney price target…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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DIS

Disney

$145.31

6.75 (4.87%)

14:38
11/13/19
11/13
14:38
11/13/19
14:38
Hot Stocks
Disney confirms 10M sign-ups for Disney+ since yesterday's launch »

Disney+, the streaming…

03/08/13
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03/06/13
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14:35
11/13/19
11/13
14:35
11/13/19
14:35
General news
Fedspeak continues Thursday, headlined by Chair Powell »

Fedspeak continues…

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