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FB

Facebook

$197.45

2.38 (1.22%)

, BMY

Bristol-Myers

$57.62

-0.99 (-1.69%)

07:35
11/19/19
11/19
07:35
11/19/19
07:35

Unusual call flow in option market yesterday

Notable call activity was cited Monday in Facebook (FB), Bristol Myers Squibb (BMY), and Luckin Coffee (LK).

FB

Facebook

$197.45

2.38 (1.22%)

BMY

Bristol-Myers

$57.62

-0.99 (-1.69%)

LK

Luckin Coffee

$28.17

1.11 (4.10%)

  • 19

    Nov

  • 20

    Nov

  • 21

    Nov

  • 26

    Nov

FB Facebook
$197.45

2.38 (1.22%)

11/05/19
11/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Outperform at Daiwa with analyst Satoshi Tanaka saying the company's Q3 results and 2020 outlook last week go a "long way to alleviate concerns." 2. Beyond Meat (BYND) upgraded to Outperform from Market Perform at Bernstein with analyst Alexia Howard saying she is making a "straightforward valuation call" with the shares down 66% from their peak. 3. NXP Semiconductors (NXPI) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying the company's auto segment is showing signs of recovery, with easier compares and content wins. 4. Amgen (AMGN) upgraded to Overweight from Neutral at Cantor Fitzgerald with analyst Alethia Young saying recent events have set the stage for a "clean base business and pipeline story" for Amgen in 2020. 5. Autoliv (ALV) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying an improving 2020-2021 auto outlook with easier compares, continued airbag market share gains versus Takata, and lower product launch costs position Autoliv well. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/05/19
DAIW
11/05/19
UPGRADE
Target $250
DAIW
Buy
Daiwa upgrades Facebook to Buy, says earnings concerns 'largely alleviated'
Daiwa analyst Satoshi Tanaka last night upgraded Facebook to Buy from Outperform with a price target of $250, up from $235. The company's Q3 results and 2020 outlook last week go a "long way to alleviate concerns," Tanaka tells investors in a research note. The analyst sees "clearer visibility" from 2020 as well as higher upside after the stock's recent pullback. Facebook's revenue growth slowdown is more moderate than previously anticipated while its guidance for total expenses remains within expectations, contends the analyst. He believes the "negative repercussions" stemming from the implementation of Europe's new data protection regulation and Facebook's data leak "controversy are clearer now that a year has passed." Concerns on the earnings front "have largely been alleviated," says Tanaka.
11/04/19
DAIW
11/04/19
UPGRADE
DAIW
Buy
Facebook upgraded to Buy from Outperform at Daiwa
11/15/19
JPMS
11/15/19
NO CHANGE
JPMS
Overweight
JPMorgan adds Lyft to list of top Internet picks
Earlier, JPMorgan analyst Doug Anmuth added Lyft (LYFT) to his list of top picks in the internet sector following third quarter earnings, saying the ride-hailing giant reported "significantly" better than expected revenue and EBITDA as it continues to take share of an increasingly rational U.S. rideshare market, thereby accelerating its path to profitability. Anmuth said that Lyft, which joins Facebook (FB), Amazon (AMZN), and Netflix (NFLX) in his top picks in the sector, also reiterated its expectation for consolidated EBITDA profit by the fourth quarter of 2021, though he continues to believe core rideshare can be profitable "well before that," likely sometime in 2020. The analyst, who has an Overweight rating on Lyft, noted that he removed Twitter (TWTR) and IAC/InterActive (IAC) from his top picks.
BMY Bristol-Myers
$57.62

-0.99 (-1.69%)

08/27/19
RBCM
08/27/19
NO CHANGE
Target $206
RBCM
Sector Perform
Amgen price target raised to $206 from $192 at RBC Capital
RBC Capital analyst Kennen MacKay raised his price target on Amgen to $206, saying that despite the "sticker shock" of its $13.4B deal for the Otezla franchise, the transaction is expected to be immediately accretive to earnings and fitting well with its existing inflammation and immunology portfolio. The analyst believes that Amgen should be able to grow revenue "majorly" over the next 3 years as it leverages Otezla potential with its legal victory on Enbrel, stating that there is a case for its multiple to re-rate higher. MacKay keeps his Sector Perform rating on Amgen shares as he awaits for its emerging pipeline to also "fill the shoes" of its maturing assets.
08/19/19
MZHO
08/19/19
DOWNGRADE
MZHO
Neutral
Amgen, Celgene downgraded to Neutral on valuation at Mizuho
As previously reported, Mizuho analyst Salim Syed downgraded Amgen (AMGN) and Celgene (CELG), each to Neutral from Buy, "solely" on the stock's current trading prices nearing what the analyst views as appropriate valuations. Amgen has run up over the last week by about 10% following a "very clean Enbrel litigation win," but the stock price now gives full credit for its Enbrel IP, said Syed, who raised his price target on Amgen shares to $212 from $208. He also cut his price target on Celgene shares to $100 from $103, based on a calculation of one Bristol-Myers (BMY) share being worth $47, plus $50 cash per share and $3 for a risk-adjusted CVR valuation.
11/07/19
PIPR
11/07/19
NO CHANGE
Target $35
PIPR
Overweight
Nektar price target lowered to $35 from $50 at Piper Jaffray
Piper Jaffray analyst Tyler Van Buren lowered his price target for Nektar Therapeutics (NKTR) to $35 from $50 citing trial timeline delays following the company's Q3 results. The analyst, however, keeps an Overweight rating on the shares. Three of six planned registrational trials are ongoing with partner Bristol-Myers (BMY), and management on the call updated the timelines for topline readouts in these trials, which are delayed approximately a year, says Van Buren. He looks forward to the melanoma/PIVOT-02 cohort update at SITC this weekend and is "encouraged to see more of the pipeline advance into clinical development," saying Nektar continues to diversify beyond bempeg.
10/16/19
BOFA
10/16/19
INITIATION
Target $60
BOFA
Buy
Bristol-Myers reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Geoff Meacham reinstated coverage of Bristol-Myers with a Buy rating and $60 price target. The analyst said overall he is bullish on the combined company, citing "several higher-impact catalysts on the horizon" that could result in a re-rating the stock.
LK Luckin Coffee
$28.17

1.11 (4.10%)

06/11/19
MSCO
06/11/19
INITIATION
Target $21
MSCO
Equal Weight
Luckin Coffee initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Lillian Lou initiated Luckin Coffee with an Equal Weight rating and $21 price target. While she thinks Luckin's disruptive business model and competitive prices should allow it to grow sales by 30x in 2018-21, Lou thinks the stock's valuation looks fair at current levels. She also sees "a relatively high level of execution risk" and limited earnings visibility in the near-term.
06/11/19
FBCO
06/11/19
INITIATION
Target $24
FBCO
Outperform
Luckin Coffee initiated with an Outperform at Credit Suisse
Credit Suisse initiated Luckin Coffee with an Outperform rating and $24 price target.
06/12/19
SBSH
06/12/19
NO CHANGE
SBSH
Citi survey shows little impact to Starbucks in China from trade war
Citi analyst Gregory Badishkanian says his survey of over 300 Chinese coffee market consumers indicated the consumers are "generally indifferent" about purchasing American goods versus 12 months ago. This suggests relatively little impact to Starbucks (SBUX) from the recent geopolitical disputes, Badishkanian tells investors in a research note. Further, the survey shows Starbucks is leading on taste while competitors are leading on price, adds the analyst.
06/12/19
CICC
06/12/19
INITIATION
Target $22.3
CICC
Buy
Luckin Coffee initiated with a Buy at CICC
CICC started Luckin Coffee with a Buy rating and $22.30 price target.

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LVGO

Livongo Health

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CVX

Chevron

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GLD

SPDR Gold Shares

$138.94

0.98 (0.71%)

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DIS

Disney

$147.70

1.58 (1.08%)

, GOOG

Alphabet

$1,345.14

0.64 (0.05%)

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AAPL

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T

AT&T

$38.17

0.1 (0.26%)

NFLX

Netflix

$299.25

6.04 (2.06%)

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DLHC

DLH Holdings

$4.58

0.525 (12.96%)

, FORM

FormFactor

$23.77

0.57 (2.46%)

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$23.77

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LULU

Lululemon

$233.31

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NX

Quanex

$19.72

0.68 (3.57%)

TLRD

Tailored Brands

$4.85

-0.42 (-7.97%)

NDSN

Nordson

$167.44

1.69 (1.02%)

MESA

Mesa Air

$9.25

0.17 (1.87%)

OXM

Oxford Industries

$74.07

-1.89 (-2.49%)

AKTS

Akoustis

$7.60

0.11 (1.47%)

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  • 11

    Dec

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TTD

Trade Desk

$250.44

0.13 (0.05%)

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RACE

Ferrari

$165.20

0.37 (0.22%)

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RIBT

RiceBran

$2.09

-0.105 (-4.79%)

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VMW

VMware

$151.00

2.27 (1.53%)

, TSLA

Tesla

$352.40

3.58 (1.03%)

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VMware's Poonen: Our networking business is on fire »

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VMW

VMware

$151.00

2.27 (1.53%)

TSLA

Tesla

$352.40

3.58 (1.03%)

DELL

Dell Technologies

$47.73

0.37 (0.78%)

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SMTC

Semtech

$47.36

0.48 (1.02%)

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CS

Credit Suisse

$12.95

-0.115 (-0.88%)

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PANW

Palo Alto Networks

$226.76

1.71 (0.76%)

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PBYI

Puma Biotechnology

$8.71

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GTHX

G1 Therapeutics

$23.06

-0.18 (-0.77%)

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NH

NantHealth

$0.86

-0.0225 (-2.54%)

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TWTR

Twitter

$30.56

0.71 (2.38%)

, AAPL

Apple

$270.71

2.09 (0.78%)

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TWTR

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$30.56

0.71 (2.38%)

AAPL

Apple

$270.71

2.09 (0.78%)

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  • 06

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GVA

Granite Construction

$26.29

0.97 (3.83%)

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MNRL

Brigham Minerals

$18.60

0.4 (2.20%)

17:45
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Syndicate
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  • 12

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KHC

Kraft Heinz

$31.59

-0.29 (-0.91%)

17:39
12/11/19
12/11
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12/11/19
17:39
Initiation
Kraft Heinz initiated at Deutsche Bank »

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K

Kellogg

$66.17

-0.48 (-0.72%)

17:37
12/11/19
12/11
17:37
12/11/19
17:37
Initiation
Kellogg initiated at Deutsche Bank »

Kellogg resumed with a…

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FCAU

Fiat Chrysler

$14.32

-0.085 (-0.59%)

17:34
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  • 07

    Jan

FLO

Flowers Foods

$21.54

-0.04 (-0.19%)

17:27
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12/11
17:27
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17:27
Initiation
Flowers Foods initiated at Deutsche Bank »

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17:25
12/11/19
12/11
17:25
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17:25
General news
U.S. Treasury posted a -$208.8 B budget deficit in November »

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