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CSCO

Cisco

$48.44

0.06 (0.12%)

, SANM

Sanmina

$32.76

0.26 (0.80%)

06:13
11/14/19
11/14
06:13
11/14/19
06:13

Cisco results negative for electronics manufacturing services, says Citi

Citi analyst Jim Suva believes Cisco Systems' (CSCO) results last night are negative to the electronics manufacturing services companies, namely Sanmina (SANM), Flex (FLEX) and Jabil (JBL). Communication equipment end demand is an incremental negative for supply chain companies, Suva tells investors in a research note. He says Cisco's guidance came in below consensus "as the company seeing broad base demand weakness."

CSCO

Cisco

$48.44

0.06 (0.12%)

SANM

Sanmina

$32.76

0.26 (0.80%)

FLEX

Flex

$12.33

0.39 (3.27%)

JBL

Jabil

$39.27

0.28 (0.72%)

  • 09

    Dec

  • 10

    Dec

  • 12

    Feb

CSCO Cisco
$48.44

0.06 (0.12%)

11/12/19
RBCM
11/12/19
INITIATION
Target $56
RBCM
Outperform
Cisco assumed with an Outperform at RBC Capital
RBC Capital analyst Robert Muller assumed coverage of Cisco with an Outperform rating and $56 price target.
11/12/19
RBCM
11/12/19
INITIATION
Target $56
RBCM
Outperform
RBC Capital assumes Cisco with Outperform rating, $56 price target
As previously reported. RBC Capital analyst Robert Muller assumed coverage of Cisco with an Outperform rating and $56 price target. Cisco is in the process of shifting more of its revenue to a subscription basis, which should reduce earnings volatility, while the company currently holds about a 55% market share of the campus switch market and Muller expects it to be the top provider of enterprise networking solutions longer term.
11/14/19
SBSH
11/14/19
NO CHANGE
Target $55
SBSH
Buy
Citi keeps Buy on Cisco despite 'much worse than expected' outlook
Cisco Systems' outlook for sales growth of down 3% to down 5% year-over-year is "much worse than expected," Citi analyst Jim Suva tells investors in a post-earnings research note. While the analyst expects the stock to be under pressure in the near term, he notes that "this has happened before." In late 2017 Cisco started to guide to negative year-over-year sales growth, which lasted for four consecutive quarters of negative growth, says the analyst. He believes this could happen again. Suva, however, keeps a Buy rating on Cisco. He acknowledges the near term trends are unfavorable and consensus estimates will move lower, but in a few quarters from now, the analyst believes the "trends will inflect more positive."
11/14/19
PIPR
11/14/19
NO CHANGE
Target $50
PIPR
Neutral
Piper stays on sidelines with Cisco estimates needing to come down
Piper Jaffray analyst James Fish keeps a Neutral rating on Cisco Systems with a price target of $50, down from $51, after the company gave "much weaker than expected guidance." While management has called out more macro concerns as the culprit, Cisco's business cycles are also an issue, especially the Campus Switching business that is slowing and towards the end of its growth impact, Fish tells investors in a research note. Further, Routing is getting worse given the core networking pause ahead of the 5G cycle, adds the analyst. He believes investors should avoid names with exposure to Service Provider's core networking and thinks estimates for Cisco need to come down.
SANM Sanmina
$32.76

0.26 (0.80%)

12/20/18
SBSH
12/20/18
DOWNGRADE
SBSH
Neutral
Sanmina downgraded to Neutral from Buy at Citi
Citi analyst Jim Suva downgraded Sanmina to Neutral.
12/20/18
SBSH
12/20/18
DOWNGRADE
Target $26
SBSH
Neutral
Citi downgrades Sanmina to Neutral, cuts IBM target to $125
Citi analyst Jim Suva downgraded Sanmina (SANM) to Neutral from Buy and lowered his price target for the shares to $26 from $35. The analyst also cut his price target for Neutral-rated IBM (IBM) to $125 from $165. The outlook for 2019 shows slowing growth across most end markets, Suva tells investors in a research note. As such, he expects tech companies to increase their M&A actions coupled with production or sourcing moves away from China.
01/29/19
RBCM
01/29/19
NO CHANGE
Target $33
RBCM
Sector Perform
Sanmina price target raised to $33 from $28 at RBC Capital
RBC Capital analyst Mitch Steves raised his price target on Sanmina to $33 after its Q1 earnings beat and better than expected outlook for Q2, saying the strength in the quarter was evident across all end markets. The analyst also cites the company's view of pent-up demand and improving lead times, along with higher exposure to the communications industry which appears to be coming out of a trough. Steves keeps his Sector Perform rating on Sanmina however and warns that the company "has a history of mixed revenue execution relative to guidance", adding that he would consider a more constructive view if it can sustain revenue growth and lift margins above 4%.
FLEX Flex
$12.33

0.39 (3.27%)

06/06/19
06/06/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AMD (AMD) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Joseph Moore saying he still remains concerned that consensus forecasts for AMD in the second half of 2019 are too high, Moore acknowledges that "being cautious on the stock has obviously been the wrong call." 2. United Continental (UAL) upgraded to Buy from Neutral at Goldman Sachs with analyst Catherine O'Brien saying she sees a better risk/reward for the shares relative to Spirit Airlines (SAVE), a stock she downgraded this morning to Neutral from Buy. 3. Digital Realty (DLR) upgraded to Outperform from Market Perform at Raymond James with analyst Frank Louthan saying after he met with management, he now sees Digital Realty being poised to reverse recent underperformance compared to the group, contending that its diversified base should be a strength. 4. Outfront Media (OUT) upgraded to Outperform from In-Line at Imperial Capital with analyst David Miller saying he increased his estimates for fiscal 2019 and 2020 due the company's share gains against other forms of media. His higher estimates for 2020 are due to a "more robust" outlook for Outfront's transit business, particularly digital signage in New York City. 5. Flex (FLEX) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Mark Delaney saying he had been concerned about the potential overhang from a "handful of issues," including the company's CEO search, the size of its CTG program exits and the resulting impact on earnings, and macroeconomic risk. He believes, however, that these issues now have more clarity and are priced into the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/06/19
GSCO
06/06/19
UPGRADE
Target $11
GSCO
Conviction Buy
Flex upgraded to Conviction Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Mark Delaney upgraded Flex to Buy from Neutral and added the shares to his firm's Conviction Buy List with an unchanged price target of $11. The analyst had been concerned about the potential overhang from a "handful of issues," including the company's CEO search, the size of its CTG program exits and the resulting impact on earnings, and macroeconomic risk. He believes, however, that these issues now have more clarity and are priced into the stock. Delaney is also positive on the new CEO's strategy to focus on higher margins, more sustainable businesses, operational discipline, and free cash flow generation. Further, Flex shares are currently trading at a "trough" multiple, Delaney tells investors in a research note.
05/29/19
05/29/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Flex (FLEX) upgraded to Overweight from Neutral at JPMorgan with analyst Paul Coster citing valuation. 2. Allstate (ALL) and Hartford Financial (HIG) were upgraded to Buy from Neutral at Goldman Sachs. 3. Rockwell Automation (ROK) upgraded to Buy from Hold at Gabelli with analyst Justin Bergner saying the negative investor sentiment stemming from "skepticism" of its software partnership strategy and the decline in the relevance of its programmable logic controller is unwarranted. 4. Falcon Minerals (FLMN) upgraded to Buy from Hold at Stifel with analyst Timothy Howard saying Falcon shares have underperformed over the last 30 days, falling 17% compared to peers down 6% and crude oil prices down 7%. 5. YY (YY) upgraded to Buy from Neutral at Nomura Instinet with t analyst Jialong Shi saying the risk/reward is more favorable with the stock down 27% from its recent peak. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/29/19
JPMS
05/29/19
UPGRADE
Target $12
JPMS
Overweight
Flex upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Paul Coster upgraded Morgan analyst Paul Coster to Overweight from Neutral with an unchanged price target of $12. The analyst cites valuation for the upgrade following the recent pullback in the shares.
JBL Jabil
$39.27

0.28 (0.72%)

11/13/19
11/13/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) and Sonos (SONO) were initiated with an Outperform at RBC Capital, while Jabil (JBL) was initiated with a Sector Perform. 2. JetBlue (JBLU) and United Airlines (UAL) were initiated with a Buy at UBS, while Delta Air Lines (DAL) and Southwest (LUV) were initiated with a Neutral, and American Airlines (AAL) was initiated with a Sell. 3. ManpowerGroup (MAN) initiated with a Buy at CL King. 4. Concho Resources (CXO) initiated with an Outperform at Scotiabank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/12/19
RBCM
11/12/19
INITIATION
Target $41
RBCM
Sector Perform
Jabil initiated with a Sector Perform at RBC Capital
RBC Capital analyst Robert Muller initiated coverage of Jabil with a Sector Perform rating and $41 price target. While the company has made strides to diversify within Apple, any slowdown in iPhone sales would negatively affect Jabil, Muller tells investors in a research note. Further, the company's high fixed costs leave its margins and earnings exposed to potential macro slowdown, adds the analyst.
11/12/19
RBCM
11/12/19
INITIATION
Target $41
RBCM
Sector Perform
Jabil initiated with a Sector Perform at RBC Capital
RBC Capital analyst Robert Muller initiated coverage of Jabil with a Sector Perform rating and $41 price target.
11/01/19
STPT
11/01/19
DOWNGRADE
STPT
Hold
Jabil downgraded to Hold from Buy at Standpoint Research
Standpoint Research downgraded Jabil to Hold from Buy.

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GALT

Galectin Therapeutics

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BA

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MASI

Masimo

$156.34

-1.11 (-0.70%)

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ACHN

Achillion

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-0.025 (-0.40%)

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TVTY

Tivity Health

$22.60

-0.23 (-1.01%)

12:04
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  • 10

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MIC

Macquarie Infrastructure

$42.49

0.43 (1.02%)

12:04
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TCBK

TriCo Bancshares

$38.57

0.09 (0.23%)

12:03
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  • 09

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    Dec

FB

Facebook

$198.74

0.04 (0.02%)

, NKE

Nike

$94.84

1.12 (1.20%)

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$198.74

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Nike

$94.84

1.12 (1.20%)

AAPL

Apple

$263.99

2.21 (0.84%)

WORK

Slack Technologies

$22.30

0.61 (2.81%)

VRNT

Verint

$52.36

4.54 (9.49%)

AUPH

Aurinia Pharmaceuticals

$16.22

7.84 (93.56%)

SIG

Signet Jewelers

$18.21

1.56 (9.37%)

SPWH

Sportsman's Warehouse

$8.03

0.67 (9.10%)

SAGE

Sage Therapeutics

$63.20

-86.02 (-57.65%)

HOME

At Home Group

$5.61

-2.94 (-34.39%)

ESTC

Elastic

$65.45

-12.98 (-16.55%)

03/08/13
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PK

Park Hotels & Resorts

$23.53

-0.09 (-0.38%)

12:02
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Park Hotels & Resorts management to meet with Suntrust »

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  • 11

    Dec

BRY

Berry Petroleum

$8.35

0.23 (2.83%)

12:02
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12/05
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Conference/Events
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  • 10

    Dec

BAH

Booz Allen

$72.59

0.26 (0.36%)

, AMZN

Amazon.com

$1,745.65

-15.55 (-0.88%)

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BAH

Booz Allen

$72.59

0.26 (0.36%)

AMZN

Amazon.com

$1,745.65

-15.55 (-0.88%)

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HOV

Hovnanian

$24.49

3.15 (14.76%)

12:00
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  • 05

    Dec

AZZ

AZZ Inc.

$44.00

5.63 (14.67%)

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  • 05

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EXPR

Express

$4.74

0.845 (21.72%)

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  • 05

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CSIQ

Canadian Solar

$18.04

0.6 (3.44%)

, FSLR

First Solar

$53.47

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SPWR

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TSL

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YGE

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$0.00

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TGT

Target

$124.40

-0.02 (-0.02%)

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MSFT

Microsoft

$149.81

-0.04 (-0.03%)

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  • 09

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General news
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AMZN

Amazon.com

$1,746.32

-14.88 (-0.84%)

, MSFT

Microsoft

$149.74

-0.11 (-0.07%)

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MSFT

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  • 09

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BIIB

Biogen

$286.74

-2.61 (-0.90%)

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  • 05

    Dec

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    Dec

AUPH

Aurinia Pharmaceuticals

$15.83

7.45 (88.90%)

11:49
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  • 05

    Dec

KMI

Kinder Morgan

$19.45

0.15 (0.78%)

11:45
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SNSS

Sunesis

$0.24

-0.1499 (-38.45%)

11:44
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  • 07

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