Breaking News Instant updates and real-time market news.

NOW

ServiceNow

$220.01

-8.25 (-3.61%)

, NKE

Nike

$92.30

-3.31 (-3.46%)

18:44
10/23/19
10/23
18:44
10/23/19
18:44

ServiceNow CEO: I have a twenty year relationship with Nike

In an interview on CNBC's Mad Money, ServiceNow CEO John Donahoe said: Digital transformation is a priority for every company... If you can't digitize, you can't succeed... My role at Nike is to build on their tremendous momentum... I'm honored to contribute.

NOW

ServiceNow

$220.01

-8.25 (-3.61%)

NKE

Nike

$92.30

-3.31 (-3.46%)

  • 23

    Oct

  • 09

    Dec

  • 09

    Dec

  • 12

    Dec

NOW ServiceNow
$220.01

-8.25 (-3.61%)

10/23/19
UBSW
10/23/19
NO CHANGE
Target $232
UBSW
Buy
ServiceNow stock price attractive following aftermarket decline, says UBS
UBS analyst Jennifer Lowe is keeping her Buy rating and $232 price target on ServiceNow (NOW) after the stock fell afterhours yesterday on the news that its CEO John Donahoe is leaving for a CEO post at Nike (NKE). The analyst notes that the company also pre-announced Q3 ahead of consensus while its FY19 outlook indicates no change to Q4 guidance. Lowe adds that although ServiceNow is faced with new CEO transition risk, the former SAP CEO Bill McDermott is also "seasoned", and the stock is "attractive" at a 29-times enterprise value to expected 2020 free cash flow.
10/23/19
MACQ
10/23/19
NO CHANGE
Target $243
MACQ
Outperform
Macquarie a buyer of ServiceNow, says Bill McDermott a 'huge win'
Macquarie analyst Sarah Hindlian says that while she understands the uncertainty in ServiceNow shares around the departure of John Donahoe and the lack of a CFO appointment, she thinks the preliminary results "spoke volumes against the bear case." Further, the analyst sees incoming CEO Bill McDermott "as one of the best executives available in enterprise software." McDermott is a "huge win," contends Hindlian, who is a buyer of ServiceNow shares into today's conference call. She has a Buy rating on the stock with a $335 price target.
10/23/19
COWN
10/23/19
NO CHANGE
Target $315
COWN
Outperform
ServiceNow new CEO well-suited for next growth phase, says Cowen
Cowen analyst J. Derrick Wood noted ServiceNow (NOW) announced its CEO would be leaving to be CEO of Nike (NKE) and that ex-SAP (SAP) CEO Bill McDermott will take his place. The company also preannounced its Q3 results, beating estimates on billings growth and raising guidance on the high-end. The analyst noted the CEO change was a surprise but he believes McDermott's skill set should be well-suited for the company's next growth phase. Wood reiterated his Outperform rating and $315 price target on ServiceNow shares.
10/23/19
10/23/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Walgreens Boots Alliance (WBA) downgraded to Neutral from Overweight at JPMorgan with analyst Lisa Gill saying she based on her relative rating methodology, seeing better opportunities for upside in other companies within her coverage universe at the current time. 2. Cheniere Energy Partners (CQP) downgraded to Underperform at Raymond James with analyst Justin Jenkins saying that while his firm's North American energy macro outlook remains favorable for exporters from a supply-push perspective, he sees this as priced into Cheniere shares. 3. Resideo (REZI) downgraded to Perform from Outperform at Oppenheimer with analyst Ian Zaffino saying the company, once again, revised guidance negatively. 4. ServiceNow (NOW) downgraded to Neutral from Buy at Mizuho with analyst Gregg Moskowitz saying the company last night surprisingly announced the impending departure of CEO John Donahoe, who is going to head Nike (NKE), and lowered its full year guidance due to currency. 5. Kohl's (KSS) downgraded to In Line from Outperform at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
NKE Nike
$92.30

-3.31 (-3.46%)

10/18/19
FBCO
10/18/19
NO CHANGE
Target $112
FBCO
Outperform
Nike price target raised to $112 from $105 at Credit Suisse
Credit Suisse analyst Michael Binetti raised his price target for Outperform-rated Nike to $112 from $105, saying accelerating global revenue trends and better SG&A leverage should translate to accelerating EPS upside through FY20 and into FY21. Binetti calls Nike's innovation pipeline "the strongest we've seen in years."
10/23/19
WEDB
10/23/19
NO CHANGE
Target $100
WEDB
Outperform
Nike new CEO 'has large sneakers to fill,' says Wedbush
Wedbush analyst Christopher Svezia notes that John Donahoe will succeed Mark Parker as President and CEO of Nike at a time when the company is leading consumer industry innovation and shares are at all time highs. Donahoe will have "large sneakers to fill" in January 2020 in taking over responsibilities from Parker, who implemented the successful Triple Double and Consumer Direct Offense strategies that have kept Nike far ahead of the competition while expanding the athletic footwear and apparel market and driving consumer industry innovation, he contends. Overall, Svezia believes Donahoe appears to be "a formidable choice" to lead Nike and may help further accelerate its digital and general market dominance. He has an Outperform rating and $100 price target on the shares.
10/23/19
OPCO
10/23/19
NO CHANGE
OPCO
Outperform
Oppenheimer 'encouraged' by Nike's 'healthy' change in leadership
After catching up with management to discuss Nike's CEO transition, Oppenheimer analyst Brian Nagel says that while he is still "a bit perplexed" by the exact timing of the announcement, he came away from his conversation "decidedly encouraged" that the shift and enhancement within the ranks of senior leadership at the company are thoughtful and will help to drive a continued, digitally driven transition at the brand. The analyst continues to recommend Outperform-rated Nike as a top pick within his expansive Consumer Growth & e-commerce coverage, upon prospects for continued outsized sales growth and margin expansion and a still accommodative share valuation.

TODAY'S FREE FLY STORIES

ARNC

Arconic

$30.86

0.63 (2.08%)

09:15
11/18/19
11/18
09:15
11/18/19
09:15
Conference/Events
Arconic management to meet with Seaport Global »

Meeting to be held in San…

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

See Street Research during your Free Trial

  • 19

    Nov

09:15
11/18/19
11/18
09:15
11/18/19
09:15
Conference/Events
Securities Industry & Financial Markets Association to hold annual meeting »

SIFMA Annual Meeting 2019…

WFSTF

Western Forest

$0.00

(0.00%)

09:14
11/18/19
11/18
09:14
11/18/19
09:14
Hot Stocks
Western Forest says negotiations with United Steelworkers 'no longer occurring' »

Western Forest Products…

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

See Street Research during your Free Trial

AMZN

Amazon.com

$1,737.49

-17.22 (-0.98%)

09:13
11/18/19
11/18
09:13
11/18/19
09:13
Hot Stocks
Amazon announces second fulfillment center in Mississippi »

Amazon.com announced…

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

See Street Research during your Free Trial

  • 19

    Nov

  • 20

    Nov

APEI

American Public Education

$26.54

-0.35 (-1.30%)

09:12
11/18/19
11/18
09:12
11/18/19
09:12
Conference/Events
American Public Education management to meet with Sidoti »

Meeting to be held in New…

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

See Street Research during your Free Trial

  • 19

    Nov

ROK

Rockwell Automation

$200.22

1.32 (0.66%)

09:12
11/18/19
11/18
09:12
11/18/19
09:12
Conference/Events
Rockwell Automation to hold a user group »

Rockwell Automation Fair…

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

See Street Research during your Free Trial

  • 18

    Nov

  • 19

    Nov

  • 20

    Nov

NTNX

Nutanix

$29.40

2.78 (10.44%)

09:12
11/18/19
11/18
09:12
11/18/19
09:12
Hot Stocks
Nutanix appoints Tarkan Maner as chief commercial officer »

Nutanix announced that it…

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

See Street Research during your Free Trial

  • 25

    Nov

  • 09

    Dec

  • 13

    Dec

  • 16

    Dec

GDS

GDS Holdings

$44.36

-0.195 (-0.44%)

09:11
11/18/19
11/18
09:11
11/18/19
09:11
Recommendations
GDS Holdings analyst commentary  »

GDS Holdings price target…

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

See Street Research during your Free Trial

  • 09

    Dec

CYTK

Cytokinetics

$8.17

0.06 (0.74%)

, AMGN

Amgen

$220.84

2.29 (1.05%)

09:11
11/18/19
11/18
09:11
11/18/19
09:11
Hot Stocks
Cytokinetics, Amgen, Servier announce results from COSMIC-HF Phase 2 trial »

Amgen (AMGN),…

CYTK

Cytokinetics

$8.17

0.06 (0.74%)

AMGN

Amgen

$220.84

2.29 (1.05%)

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

See Street Research during your Free Trial

  • 07

    Dec

VRTU

Virtusa

$43.00

0.06 (0.14%)

09:11
11/18/19
11/18
09:11
11/18/19
09:11
Hot Stocks
Virtusa enters partnership with InterSystems »

InterSystems announced…

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

See Street Research during your Free Trial

  • 09

    Dec

09:11
11/18/19
11/18
09:11
11/18/19
09:11
Conference/Events
The Food and Drug Law Institute holds a conference »

Legal & Practical…

AMZN

Amazon.com

$1,737.49

-17.22 (-0.98%)

09:11
11/18/19
11/18
09:11
11/18/19
09:11
Conference/Events
Amazon.com management to meet with KeyBanc »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 19

    Nov

  • 20

    Nov

TMUS

T-Mobile

$78.05

1.18 (1.54%)

, S

Sprint

$5.83

-0.03 (-0.51%)

09:10
11/18/19
11/18
09:10
11/18/19
09:10
Hot Stocks
Fly Intel: Pre-market Movers »

HIGHER: Qiagen (QGEN), up…

TMUS

T-Mobile

$78.05

1.18 (1.54%)

S

Sprint

$5.83

-0.03 (-0.51%)

QGEN

Qiagen

$40.56

3.255 (8.73%)

NIO

NIO Inc.

$1.82

0.07 (4.01%)

TNK

Teekay Tankers

$2.39

0.155 (6.94%)

KRTX

Karuna Therapeutics

$17.26

-0.26 (-1.48%)

YNDX

Yandex

$35.74

1.19 (3.44%)

QD

Qudian

$7.49

-0.115 (-1.51%)

SPWR

SunPower

$8.29

0.3 (3.75%)

XRX

Xerox

$38.95

0.295 (0.76%)

HPQ

HP Inc.

$20.17

0.05 (0.25%)

UCTT

Ultra Clean

$22.62

-0.01 (-0.04%)

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

See Street Research during your Free Trial

  • 18

    Nov

  • 18

    Nov

  • 18

    Nov

  • 18

    Nov

  • 26

    Nov

  • 07

    Dec

  • 09

    Dec

CMG

Chipotle

$753.04

4.37 (0.58%)

09:09
11/18/19
11/18
09:09
11/18/19
09:09
Recommendations
Chipotle analyst commentary  »

Chipotle checks show…

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

See Street Research during your Free Trial

AMSF

Amerisafe

$65.64

-0.72 (-1.09%)

09:09
11/18/19
11/18
09:09
11/18/19
09:09
Conference/Events
Amerisafe management to meet with B. Riley FBR »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 19

    Nov

  • 20

    Nov

09:08
11/18/19
11/18
09:08
11/18/19
09:08
Conference/Events
Deutsche Bank to hold a conference »

Japan Consumer &…

TMUS

T-Mobile

$78.05

1.18 (1.54%)

09:07
11/18/19
11/18
09:07
11/18/19
09:07
Hot Stocks
Breaking Hot Stocks news story on T-Mobile »

T-Mobile CEO Legere says…

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

See Street Research during your Free Trial

  • 18

    Nov

  • 18

    Nov

  • 09

    Dec

SSTK

Shutterstock

$42.19

0.59 (1.42%)

09:07
11/18/19
11/18
09:07
11/18/19
09:07
Hot Stocks
Shutterstock names Jarrod Yahes as CFO, effective December 9 »

Shutterstock announced…

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

See Street Research during your Free Trial

09:07
11/18/19
11/18
09:07
11/18/19
09:07
Conference/Events
Macquarie to hold a conference »

India Conference 2019…

ALB

Albemarle

$66.11

0.59 (0.90%)

09:07
11/18/19
11/18
09:07
11/18/19
09:07
Conference/Events
Albemarle management to meet with Buckingham »

Meeting to be held in…

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

See Street Research during your Free Trial

  • 19

    Nov

  • 12

    Dec

SEE

Sealed Air

$38.00

-0.29 (-0.76%)

09:07
11/18/19
11/18
09:07
11/18/19
09:07
Recommendations
Sealed Air analyst commentary  »

Sealed Air earnings…

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

See Street Research during your Free Trial

TMUS

T-Mobile

$78.05

1.18 (1.54%)

, S

Sprint

$5.83

-0.03 (-0.51%)

09:06
11/18/19
11/18
09:06
11/18/19
09:06
Hot Stocks
T-Mobile CEO Legere to focus on Sprint merger, seamless leadership transition »

T-Mobile (TMUS) CEO John…

TMUS

T-Mobile

$78.05

1.18 (1.54%)

S

Sprint

$5.83

-0.03 (-0.51%)

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

See Street Research during your Free Trial

  • 18

    Nov

  • 18

    Nov

  • 09

    Dec

09:06
11/18/19
11/18
09:06
11/18/19
09:06
Conference/Events
CME Group to hold a conference »

Global Financial…

AMBS

Amarantus Bioscience

$0.00

(0.00%)

09:06
11/18/19
11/18
09:06
11/18/19
09:06
Hot Stocks
Amarantus CEO sees areas for 'collaborations that could accelerate growth' »

Amarantus Bioscience…

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

See Street Research during your Free Trial

SPY

SPDR S&P 500 ETF Trust

$311.83

2.3 (0.74%)

, SPX

S&P 500

$0.00

(0.00%)

09:06
11/18/19
11/18
09:06
11/18/19
09:06
Periodicals
Mood in Beijing about trade deal said to be 'pessimistic,' CNBC's Yoon reports »

CNBC's Eunice Yoon…

SPY

SPDR S&P 500 ETF Trust

$311.83

2.3 (0.74%)

SPX

S&P 500

$0.00

(0.00%)

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

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.