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CFX

Colfax

$34.84

1.265 (3.77%)

, DOV

Dover

$106.59

2.69 (2.59%)

08:40
11/04/19
11/04
08:40
11/04/19
08:40

Colfax upgraded to Neutral from Underperform at BofA/Merrill

BofA Merrill Lynch analyst Andrew Obin upgraded Colfax (CFX) to Neutral from Underperform, noting that the company's Prevention & Rehab segment returned to revenue growth much earlier than he had expected and margin performance in its FabTech segment has exceeded his expectations. While his sum-of-the-parts analysis suggests multiple expansion is possible, he still prefers Dover (DOV), HD Supply (HDS), ITT (ITT), and Flowserve (FLS), the analyst added. Obin raised his price target on Colfax shares to $37 from $27.

CFX

Colfax

$34.84

1.265 (3.77%)

DOV

Dover

$106.59

2.69 (2.59%)

HDS

HD Supply

$40.39

0.86 (2.18%)

ITT

ITT

$64.53

5.015 (8.43%)

FLS

Flowserve

$49.11

0.23 (0.47%)

  • 05

    Nov

  • 11

    Nov

  • 15

    Nov

CFX Colfax
$34.84

1.265 (3.77%)

04/17/19
KEYB
04/17/19
NO CHANGE
KEYB
Ametek, ITT among top potential acquirers in industrial space, says KeyBanc
KeyBanc analysts Jeff Hammond and Steve Barger think moderating organic growth expectations in 2019 due to tough year over year comps may drive industrials to increasingly look toward inorganic avenues for market outgrowth, or to potentially divest businesses to right-size portfolios. The analysts view Ametek (AME), ITT (ITT), Graco (GGG), and Timken (TKR) as the top potential acquirers, and think Actuant (ATU), Colfax (CFX), Eaton (ETN), Kaman (KAMN), NN, Inc. (NNBR), and Milacron (MCRN) could benefit most from a strategic divestiture.
04/05/19
GSCO
04/05/19
UPGRADE
Target $34
GSCO
Buy
Colfax reinstated with a Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Joe Ritchie reinstated coverage of Colfax with a Buy rating and $34 price target. Before going not rated on the name in November 2018, the firm had a Neutral rating on the shares. Following the DJO Global acquisition, Colfax has a platform add in orthopedics and surgical implants with higher margins and reduced cyclicality, Ritchie tells investors in a research note. The analyst believes the company's risk/reward is still skewed positively despite the stock's 43% year-to-date rally.
03/15/19
03/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Amazon.com (AMZN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying Amazon is taking a number of operational moves to improve profitability in core retail, which could drive mid-term earnings above current consensus estimates. 2. AT&T (T) upgraded to Outperform from Market Perform at Raymond James with analyst Frank Louthan saying AT&T shares trade at a relative discount and expects shares to be driven by positive earnings growth combined with a strong de-levering story. 3. Colfax (CFX) upgraded to Equal Weight from Underweight at Barclays with analyst Julian Mitchell saying he views the company's turnaround story as underappreciated. 4. Rent-A-Center (RCII) upgraded to Outperform from Market Perform at Raymond James with analyst Budd Bugatch citing the trial win regarding the terminated buyout with Vintage Capital and a strong fundamental outlook for the upgrade. 5. Global Net Lease (GNL) upgraded to Buy from Neutral at B. Riley FBR with analyst Bryan Maher citing the stock's attractive relative valuation as well as management's acquisition "acumen" for the upgrade to Buy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/04/19
COWN
11/04/19
NO CHANGE
Target $40
COWN
Outperform
Colfax price target raised to $40 from $36 at Cowen
Cowen analyst Joseph Giordano price target raised to $40 from $36 following Q3 results. The analyst said the company continues to deliver on public commitments. He expects deleveraging and cultivation of a heatlhcare-centric deal funnel and sees meaningful re-rating potential. Giordano reiterated his Outperform rating on Colfax shares.
DOV Dover
$106.59

2.69 (2.59%)

09/11/19
RBCM
09/11/19
NO CHANGE
Target $97
RBCM
Sector Perform
Dover price target raised to $97 from $94 at RBC Capital
RBC Capital analyst Deane Dray raised his price target on Dover to $97 after its second analyst meeting under the new CEO Rich Tobin. The analyst notes that while the presentation was light on surprises, the management continues to make progress in the company's transformation "toward higher performing peers". Dray adds that the increased cost takeout target for 2020 was a surprise, but he is also positive on Dover's decision to re-segment, with Food Retail business driving the core of the company's turnaround. The analyst still keeps his Sector Perform rating on the shares to reflect the balanced risk-reward on the stock.
04/22/19
BARD
04/22/19
DOWNGRADE
Target $100
BARD
Neutral
Dover downgraded to Neutral from Outperform at Baird
Baird analyst Mircea Dobre downgraded Dover to Neutral from Outperform with an unchanged price target of $100. The analyst cites valuation for the downgrade with the stock nearing his target.
10/01/19
BOFA
10/01/19
NO CHANGE
BOFA
Top 10 US Ideas for Q4 at BofA/Merrill
BofA/Merrill introduced the Top 10 US Ideas for Q4 2019. The list's seven Buys are Aramark (ARMK), Salesforce (CRM), Disney (DIS), Dover (DOV), New York Community Bancorp (NYCB), Raytheon (RTN), and Target (TGT). Underperform's are Floor & Decor (FND), Gap (GPS), and Terex (TEX).
10/15/19
BOFA
10/15/19
NO CHANGE
BOFA
Advance Auto Parts added to US 1 List, Dover, Lowe's removed at BofA/Merrill
HDS HD Supply
$40.39

0.86 (2.18%)

09/26/19
WBLR
09/26/19
DOWNGRADE
WBLR
Market Perform
HD Supply fairly valued after split news, William Blair says in downgrade
William Blair analyst Ryan Merkel last night downgraded HD Supply Holdings to Market Perform from Outperform after the company announced its intention to separate its Facilities Maintenance and Construction & Industrial businesses into two independent publicly traded companies. The shares, following the post-news rally, appear to be discounting a Facilities Maintenance sale near 12 times EBITDA in mid-2020, Merkel writes in a research note to investors. However, the analyst lacks confidence that a sale "happens anytime soon," and believes Construction & Industrial is unlikely to be sold near term due to "very limited" strategic buyers and cycle risks. He finds HD Supply "fully valued" at around $39 per share. Barclays analyst Julian Mitchell this morning also downgraded HD Supply Holdings to Equal Weight from Overweight. The stock in morning trading is down 2% to $38.30.
09/26/19
09/26/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HD Supply (HDS) downgraded to Equal Weight from Overweight at Barclays and to Market Perform from Outperform at William Blair. 2. Macerich (MAC) downgraded to Market Perform from Outperform at BMO Capital with analyst Jeremy Metz saying the stock's near-term risk/reward proposition has "skewed lower as potential catalysts dim." 3. Enanta (ENTA) downgraded to Underweight from Neutral at JPMorgan with analyst Eric Joseph saying the EDP-305 results yesterday, while positive and fundamentally de-risking for the compound, fall short of delivering best-in-class status. 4. Timken (TKR) downgraded to Underperform from Neutral at BofA/Merrill with analyst Ross Gilardi saying the company has been "too aggressive" on the M&A front over the past 3-5 years, which poses a risk to its performance in the event of an economic downturn. 5. Northern Trust (NTRS) downgraded to Neutral from Buy at UBS with analyst Brennan Hawken citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/19
LEHM
09/26/19
DOWNGRADE
Target $42
LEHM
Equal Weight
Barclays downgrades HD Supply to Equal Weight on 'spin limbo' risk
Barclays analyst Julian Mitchell downgraded HD Supply Holdings to Equal Weight from Overweight with a price target of $42, down from $44. The analyst cites potentially slowing end market demand, his sum-of-the-parts analysis showing limited upside potential, and the possibility of "spin limbo" for the downgrade. Global private sector investment is slowing, and U.S. commercial construction is not immune from this, Mitchell tells investors in a research note. Further, he believes the risk of "spin limbo is real." On average, Multi-Industry companies have performed only in-line with the S&P 500 Index between announcing a split or spin, and the split occurring, says Mitchell.
09/26/19
LEHM
09/26/19
DOWNGRADE
Target $42
LEHM
Equal Weight
HD Supply downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Julian Mitchell downgraded HD Supply Holdings to Equal Weight from Overweight with a price target of $42, down from $44.
ITT ITT
$64.53

5.015 (8.43%)

02/28/19
UBSW
02/28/19
UPGRADE
Target $60
UBSW
Neutral
ITT upgraded to Neutral from Sell at UBS
UBS analyst Damian Karas upgraded ITT to Neutral and raised his price target for the shares to $60 from $48. The analyst cites the company's better growth outlook and improving free cash flow for the upgrade.
05/21/19
STFL
05/21/19
NO CHANGE
Target $103
STFL
Buy
Crane's Circor offer represents good value for shareholders, says Stifel
Stifel analyst Nathan Jones says Crane's (CR) $45 per share offer for Circor (CIR) represents "good value" for Crane shareholders, particularly given Crane management's track record for generating above-target synergies and smooth integrations. Jones, who has a Buy rating and $103 price target on Crane, thinks there could potentially be one or two competing bidders with ITT (ITT) making the most sense to him, but also named Flowserve (FLS) and SPX Flow (FLOW) as companies that may be interested in Circor.
FLS Flowserve
$49.11

0.23 (0.47%)

08/02/19
FBCO
08/02/19
UPGRADE
FBCO
Outperform
Flowserve sell-off an attractive entry point, says Credit Suisse
Credit Suisse analyst John Walsh upgraded Flowserve to Outpeform from Neutral following its Q2 earnings report, saying he thinks the company can sustain mid-teens earnings growth through 2022 driven by growth in LNG, midstream, and petrochemical markets coupled with FLS2.0 benefits. Despite quarterly lumpiness, Walsh says he is "encouraged" by the focus on free cash flow conversion, and sees potential for improvement as the business streamlines trade working capital. Yesterday's sell-off on earnings presents an attractive entry point, he adds.
08/02/19
FBCO
08/02/19
UPGRADE
FBCO
Outperform
Flowserve upgraded to Outperform from Neutral at Credit Suisse
07/08/19
SBSH
07/08/19
UPGRADE
SBSH
Buy
Flowserve upgraded to Buy from Neutral at Citi
Citi analyst Andrew Kaplowitz upgraded Flowserve to Buy from Neutral.

TODAY'S FREE FLY STORIES

QHC

Quorum Health

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NOC

Northrop Grumman

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0.4 (0.12%)

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SPRT

Support.com

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0.01 (0.52%)

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SPRT

Support.com

$1.94

0.01 (0.52%)

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RZLT

Rezolute

$0.00

(0.00%)

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AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

16:58
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Periodicals
U.S. mulls putting Amazon foreign sites on 'Notorious Markets' list, WSJ says »

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MGTA

Magenta Therapeutics

$13.29

0.3 (2.31%)

16:55
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16:55
Conference/Events
Magenta Therapeutics to hold an investor and analyst event »

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  • 07

    Dec

  • 07

    Dec

IMH

IMPAC Mortgage

$5.63

-0.01 (-0.18%)

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ALEC

Alector

$19.74

0.33 (1.70%)

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ATAX

America First Multifamily Investors

$7.58

0.125 (1.68%)

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Options
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PNM

PNM Resources

$48.77

-0.06 (-0.12%)

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MORN

Morningstar

$154.47

-0.25 (-0.16%)

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Morningstar raises quarterly dividend 7.1% to 30c from 28c per share »

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ACEL

Alfacell Corporation

$11.11

0.1 (0.91%)

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Realty Income

$75.96

0.31 (0.41%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

, BMY

Bristol-Myers

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BMY

Bristol-Myers

$59.94

0.435 (0.73%)

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  • 07

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UBER

Uber

$27.87

-0.775 (-2.71%)

, ALXN

Alexion

$113.86

6.44 (6.00%)

16:18
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On The Fly
Fly Intel: Wall Street's top stories for Friday »

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UBER

Uber

$27.87

-0.775 (-2.71%)

ALXN

Alexion

$113.86

6.44 (6.00%)

MMM

3M

$171.43

7.07 (4.30%)

ICE

IntercontinentalExchange

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TTD

Trade Desk

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7.36 (3.06%)

BIG

Big Lots

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ULTA

Ulta Beauty

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CIEN

Ciena

$35.01

-1.29 (-3.55%)

PD

PagerDuty

$21.81

-3.185 (-12.75%)

YEXT

Yext

$14.26

-2.355 (-14.17%)

ZM

Zoom Video

$62.76

-6.97 (-10.00%)

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  • 06

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  • 10

    Dec

  • 12

    Dec

  • 16

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    Dec

  • 12

    Mar

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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12/06
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16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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LLEX

Lilis Energy

$0.16

-0.0015 (-0.92%)

16:16
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WTRE

Watford Holdings

$26.49

0.34 (1.30%)

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