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CREE

Cree

$47.57

-1.17 (-2.40%)

, STM

STMicroelectronics

$24.25

0.05 (0.21%)

08:02
11/19/19
11/19
08:02
11/19/19
08:02

Cree, STMicroelectronics expand, extend SiC wafer supply agreement

Cree, Inc. (CREE) and STMicroelectronics (STM) announced the expansion and extension of an existing multi-year, long-term silicon carbide wafer supply agreement to more than $500M. The extended agreement is a doubling in value of the original agreement for the supply of Cree's advanced 150mm silicon carbide bare and epitaxial wafers to STMicroelectronics over the next several years. The increased wafer supply enables the semiconductor leaders to address the rapidly growing demand for silicon carbide power devices globally, particularly in automotive and industrial applications.

CREE

Cree

$47.57

-1.17 (-2.40%)

STM

STMicroelectronics

$24.25

0.05 (0.21%)

  • 20

    Nov

  • 09

    Dec

CREE Cree
$47.57

-1.17 (-2.40%)

10/31/19
ADAM
10/31/19
NO CHANGE
Target $57
ADAM
Buy
Cree price target lowered to $57 from $64 at Canaccord
Canaccord analyst Jed Dorsheimer lowered his price target on Cree to $57 from $64 following Q4 results. The analyst said ti was another disappointing report but he believes estimates will now be reset, setting up a trade or entry point in the company's Analyst Day on November 20. Dorsheimer maintained his Buy rating on Cree shares.
10/31/19
JPMS
10/31/19
DOWNGRADE
Target $40
JPMS
Underweight
JPMorgan downgrades Cree to Underweight on lack of catalysts
JPMorgan analyst Paul Coster downgraded Cree to Underweight from Neutral with a price target of $40, down from $43. The company's "lackluster" Q2 guidance underscores a lack of near-term catalysts, Coster tells investors in a research note. Cree over the next few quarters is "locked into a technically challenging and capital-intensive manufacturing expansion," adds the analyst, who also cites valuation for the downgrade. He expects the stock to underperform the mean of his coverage in the next 6-12 months.
10/31/19
ROTH
10/31/19
NO CHANGE
Target $61
ROTH
Buy
Cree price target lowered to $61 from $67 at Roth Capital
Roth Capital analyst Craig Irwin lowered his price target for Cree to $61 from $67, saying the company's results were already well understood to reflect headwinds from the China trade dispute and volatile China EV sales. He believes the $500M+ Delphi SiC MOSFET contract is the largest single MOSFET contract in history, so progress should not be underestimated. Irwin maintains a Buy rating.
10/31/19
10/31/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Gardner Denver (GDI) downgraded to Neutral from Outperform at Credit Suisse with analyst John Walsh saying he does not see a catalyst to drive the stock higher. 2. Owens-Illinois (OI) downgraded to Market Perform from Outperform at Wells Fargo with analyst Gabe Hajde saying he was wrong as the primary tenant to his thesis, volume growth, is not materializing. 3. Cree (CREE) downgraded to Underweight from Neutral at JPMorgan with analyst Paul Coster saying the company's "lackluster" Q2 guidance underscores a lack of near-term catalysts. 4. Southwest (LUV) downgraded to Market Perform from Outperform at Bernstein with analyst David Vernon saying he thinks the market is pricing in all the good news on the return of Boeing's (BA) MAX and not appreciating how disruptive its return could be on either the unit revenue or cost fronts. 5. Twilio (TWLO) downgraded to Neutral from Buy at Monness Crespi with analyst Brian White calling the company's mixed Q3 results and weak Q4 outlook "the final straw in what has been a sideways year." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
STM STMicroelectronics
$24.25

0.05 (0.21%)

06/19/19
MSCO
06/19/19
INITIATION
MSCO
Overweight
STMicroelectronics initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Dominik Olszewski started STMicroelectronics with an Overweight rating.
08/08/19
GSCO
08/08/19
UPGRADE
Target $19.2
GSCO
Buy
STMicroelectronics upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Alexander Daval upgraded STMicroelectronics to Buy from Neutral and raised his price target for the shares to $19.20 from $18.60.
08/09/19
GSCO
08/09/19
UPGRADE
Target $19.2
GSCO
Buy
Goldman sees favorable entry point into STMicroelectronics, upgrades to Buy
Goldman Sachs analyst Alexander Daval last night upgraded STMicroelectronics to Buy from Neutral and raised his price target for the shares to $19.20 from $18.60. The analyst had previously been cautious given risks to second half of 2019 estimates, but he now believes these are be baked into the reset fiscal year guidance. Further, while demand remains weak in several key end markets, semiconductor specific conditions have started to improve given a multi-quarter analog downcycle, Daval tells investors in a research note. As such, he views the recent pullback in shares of STMicroelectronics as a favorable entry point.
08/09/19
08/09/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. STMicroelectronics (STM) upgraded to Buy from Neutral at Goldman Sachs with analyst Alexander Daval saying he had previously been cautious given risks to second half of 2019 estimates, but he now believes these are be baked into the reset fiscal year guidance. 2. Jack in the Box (JACK) upgraded to Outperform from Neutral at Wedbush with analyst Nick Setyan saying that in light of current same-store sales growth and margin trends, it expects investors to reassess management's fiscal 2022 EBITDA and free cash flow targets of $300M and $175M, respectively, as "realistic," which could ultimately result in a higher valuation. 3. Symantec (SYMC) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Keith Weiss saying the pending acquisition by Broadcom (AVGO) of the company's Enterprise Business puts a floor on the valuation of that unit. 4. Copa Holdings (CPA) and ViaSat (VSAT) upgraded to Outperform from Market Perform at Raymond James. 5. IAC (IAC) upgraded to Buy from Neutral at Guggenheim with analyst Jake Fuller saying he sees ongoing improvement in the visibility of the company's sum-of-the-parts story. 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

BRK.A

Berkshire Hathaway

$338,250.51

-992.49 (-0.29%)

, CMCSA

Comcast

$43.59

0.57 (1.33%)

07:44
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07:44
Periodicals
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BRK.A

Berkshire Hathaway

$338,250.51

-992.49 (-0.29%)

CMCSA

Comcast

$43.59

0.57 (1.33%)

RDS.B

Royal Dutch Shell

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-0.19 (-0.33%)

RDS.A

Royal Dutch Shell

$57.44

-0.32 (-0.55%)

PFE

Pfizer

$38.31

-0.23 (-0.60%)

VIAC

ViacomCBS

$38.62

0.83 (2.20%)

ANTM

Anthem

$284.14

-0.405 (-0.14%)

DELL

Dell Technologies

$49.39

-0.11 (-0.22%)

GOOG

Alphabet

$1,348.07

-2.09 (-0.15%)

GOOGL

Alphabet Class A

$1,347.11

-1.4 (-0.10%)

UHAL

Amerco

$360.28

7.57 (2.15%)

UTX

United Technologies

$148.99

-0.5 (-0.33%)

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  • 23

    Jan

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    Feb

PCG

PG&E

$11.26

-0.49 (-4.17%)

07:38
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  • 07

    Jan

MYGN

Myriad Genetics

$25.58

0.58 (2.32%)

07:31
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Myriad Genetics says study validates polygenic risk score for breast cancer »

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TPC

Tutor Perini

$15.73

-0.17 (-1.07%)

07:30
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BLRX

BioLineRx

$2.38

-0.23 (-8.81%)

, BD

Budget Group

$0.00

(0.00%)

04:55
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12/14
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04:55
Conference/Events
European Society for Medical Oncology to hold a conference »

ESMO Immuno-Oncology…

BLRX

BioLineRx

$2.38

-0.23 (-8.81%)

BD

Budget Group

$0.00

(0.00%)

IDRA

Idera Pharmaceuticals

$1.59

-0.05 (-3.05%)

MRK

Merck

$89.18

0.84 (0.95%)

PFE

Pfizer

$38.31

-0.23 (-0.60%)

NKTR

Nektar

$21.28

-0.53 (-2.43%)

03/08/13
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03/06/13
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03/06/13
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  • 17

    Dec

  • 24

    Jan

  • 24

    Jan

  • 05

    Feb

  • 14

    Mar

ATNX

Athenex

$14.56

-2.38 (-14.05%)

, MRK

Merck

$89.18

0.84 (0.95%)

04:55
12/14/19
12/14
04:55
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04:55
Conference/Events
Society of Surgical Oncology to hold a symposium »

San Antonio Breast Cancer…

ATNX

Athenex

$14.56

-2.38 (-14.05%)

MRK

Merck

$89.18

0.84 (0.95%)

ONCS

OncoSec

$2.00

-0.39 (-16.32%)

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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  • 17

    Dec

  • 24

    Jan

  • 24

    Jan

  • 05

    Feb

  • 14

    Mar

ACB

Aurora Cannabis

$2.63

0.02 (0.77%)

, CRON

Cronos Group

$7.28

-0.03 (-0.41%)

04:55
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12/14
04:55
12/14/19
04:55
Conference/Events
MJBizDaily to hold a conference »

Marijuana Business…

ACB

Aurora Cannabis

$2.63

0.02 (0.77%)

CRON

Cronos Group

$7.28

-0.03 (-0.41%)

NFX

Newfield Exploration

$0.00

(0.00%)

CGC

Canopy Growth

$20.69

-0.455 (-2.15%)

03/08/13
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03/06/13
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BDSI

BioDelivery Sciences

$6.40

-0.065 (-1.01%)

04:55
12/14/19
12/14
04:55
12/14/19
04:55
Conference/Events
BioDelivery Sciences management to meet with SunTrust »

Meeting to be held in…

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  • 17

    Dec

AOBC

American Outdoor Brands

$9.23

-0.04 (-0.43%)

, AVCO

Avalon GloboCare

$2.27

-0.06 (-2.58%)

04:55
12/14/19
12/14
04:55
12/14/19
04:55
Conference/Events
Roth Capital to hold a conference »

8th Annual ROTH Deer…

AOBC

American Outdoor Brands

$9.23

-0.04 (-0.43%)

AVCO

Avalon GloboCare

$2.27

-0.06 (-2.58%)

BBSI

Barrett Business

$93.18

1.82 (1.99%)

BNGO

Bionano Genomics

$1.02

0.01 (0.99%)

IRMD

iRadimed

$25.25

-0.52 (-2.02%)

FC

Franklin Covey

$35.21

-0.57 (-1.59%)

NBEV

New Age Beverages

$1.91

-0.015 (-0.78%)

WATT

Energous

$1.99

(0.00%)

EAST

Eastside Distilling

$2.79

-0.12 (-4.12%)

DCTH

Delcath Systems

$0.00

(0.00%)

BOOM

DMC Global

$52.89

0.64 (1.22%)

CLAR

Clarus

$13.47

-0.02 (-0.15%)

JRSH

Jerash Holdings

$6.46

(0.00%)

MCHX

Marchex

$3.68

0.03 (0.82%)

JYNT

Joint Corp.

$17.37

0.28 (1.64%)

SOLY

Soliton

$10.35

-0.005 (-0.05%)

SMSI

Smith Micro

$4.66

0.095 (2.08%)

PWFL

PowerFleet

$6.10

0.05 (0.83%)

OSIS

OSI Systems

$100.60

0.63 (0.63%)

LOVE

Lovesac

$10.80

-1.01 (-8.55%)

VERI

Veritone

$2.73

-0.1 (-3.53%)

WTER

Alkaline Water

$1.09

-0.01 (-0.91%)

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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  • 17

    Dec

  • 19

    Dec

  • 23

    Jan

  • 23

    Jan

  • 24

    Jan

  • 29

    Jan

WFT

Weatherford

$0.00

(0.00%)

18:49
12/13/19
12/13
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18:49
Hot Stocks
Weatherford completes financial restructuring, emerges from Chapter 11 »

Weatherford announced…

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CNC

Centene

$57.71

-0.81 (-1.38%)

18:40
12/13/19
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18:40
Hot Stocks
Centene CEO: Our big markets are growing, we're gaining share »

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  • 13

    Dec

LYV

Live Nation

$64.24

-5.205 (-7.50%)

, ZBRA

Zebra Technologies

$257.82

-0.32 (-0.12%)

18:29
12/13/19
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18:29
Hot Stocks
S&P announces changes to S&P 400, 500, 600 indices »

S&P Dow Jones Indices…

LYV

Live Nation

$64.24

-5.205 (-7.50%)

ZBRA

Zebra Technologies

$257.82

-0.32 (-0.12%)

STE

Steris

$151.93

-1.745 (-1.14%)

AMG

Affiliated Managers

$85.18

-1.77 (-2.04%)

TRIP

TripAdvisor

$29.24

-0.2 (-0.68%)

MAC

Macerich

$26.04

-0.46 (-1.74%)

LOPE

Grand Canyon

$89.24

-0.86 (-0.95%)

LEA

Lear

$129.43

-0.84 (-0.64%)

OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

UNT

Unit Corp.

$0.83

-0.0626 (-6.98%)

FTR

Frontier Communications

$0.68

0.0315 (4.84%)

ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

GVA

Granite Construction

$26.21

-1.335 (-4.85%)

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  • 26

    Feb

  • 23

    Mar

PLAN

Anaplan

$51.80

1.44 (2.86%)

18:23
12/13/19
12/13
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Hot Stocks
Anaplan CEO: Digitization has really started to accelerate »

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WPX

WPX Energy

$10.92

-0.24 (-2.15%)

18:08
12/13/19
12/13
18:08
12/13/19
18:08
Periodicals
WPX Energy in talks to acquire Felix Energy assets for $2.5B, Bloomberg says »

WPX Energy is in…

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  • 23

    Mar

HLIT

Harmonic

$7.94

-0.25 (-3.05%)

17:47
12/13/19
12/13
17:47
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17:47
Hot Stocks
Harmonic CFO sells 28K shares of common stock »

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HZNP

Horizon Pharma

$32.84

(0.00%)

17:36
12/13/19
12/13
17:36
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17:36
Hot Stocks
Breaking Hot Stocks news story on Horizon Pharma »

Horizon Pharma up 9.6% to…

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  • 13

    Dec

  • 08

    Mar

AMRN

Amarin

$24.12

1.12 (4.87%)

17:33
12/13/19
12/13
17:33
12/13/19
17:33
Hot Stocks
Breaking Hot Stocks news story on Amarin »

Amarin rises 1.4% to…

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  • 28

    Dec

THMO

ThermoGenesis

$2.88

(0.00%)

17:31
12/13/19
12/13
17:31
12/13/19
17:31
Syndicate
Breaking Syndicate news story on ThermoGenesis »

ThermoGenesis files $30M…

03/08/13
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AMRN

Amarin

$24.12

1.12 (4.87%)

17:30
12/13/19
12/13
17:30
12/13/19
17:30
Hot Stocks
Breaking Hot Stocks news story on Amarin 

Amarin trading resumes

03/08/13
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  • 28

    Dec

QTNT

Quotient

$8.60

-0.165 (-1.88%)

17:28
12/13/19
12/13
17:28
12/13/19
17:28
Syndicate
Breaking Syndicate news story on Quotient »

Quotient files to sell…

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ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

, GVA

Granite Construction

$26.21

-1.335 (-4.85%)

17:27
12/13/19
12/13
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12/13/19
17:27
Hot Stocks
Breaking Hot Stocks news story on Arrowhead, Granite Construction »

Arrowhead to replace…

ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

GVA

Granite Construction

$26.21

-1.335 (-4.85%)

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OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

, SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

17:25
12/13/19
12/13
17:25
12/13/19
17:25
Hot Stocks
Oasis, Southwestern to replace Unit Corp., Frontier in S&P 600 at open on 12/23 »

Oasis Petroleum (OAS) and…

OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

UNT

Unit Corp.

$0.83

-0.0626 (-6.98%)

FTR

Frontier Communications

$0.68

0.0315 (4.84%)

03/08/13
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  • 23

    Mar

AMRN

Amarin

$24.12

1.12 (4.87%)

17:24
12/13/19
12/13
17:24
12/13/19
17:24
Hot Stocks
Amarin raises guidance after FDA approves Vascepa »

Amarin (AMRN) shares…

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  • 28

    Dec

LOPE

Grand Canyon

$89.24

-0.86 (-0.95%)

, LEA

Lear

$129.43

-0.84 (-0.64%)

17:22
12/13/19
12/13
17:22
12/13/19
17:22
Hot Stocks
Grand Canyon, Lear to replace Oasis, Southwestern in S&P 400 at open on 12/23 »

Grand Canyon Education…

LOPE

Grand Canyon

$89.24

-0.86 (-0.95%)

LEA

Lear

$129.43

-0.84 (-0.64%)

OAS

Oasis Petroleum

$2.68

-0.295 (-9.93%)

SWN

Southwestern Energy

$2.00

-0.12 (-5.66%)

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  • 23

    Mar

RTN

Raytheon

$217.31

-0.93 (-0.43%)

17:20
12/13/19
12/13
17:20
12/13/19
17:20
Hot Stocks
Raytheon awarded $123.53M Navy contract modification »

Raytheon was awarded a…

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