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CREE

Cree

$47.57

-1.17 (-2.40%)

, STM

STMicroelectronics

$24.25

0.05 (0.21%)

08:05
11/19/19
11/19
08:05
11/19/19
08:05

Cree, STMicroelectronics expand $500M silicon carbide wafer supply agreement

Cree (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 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

CRWD

Crowdstrike

$47.74

0.18 (0.38%)

19:17
12/11/19
12/11
19:17
12/11/19
19:17
Hot Stocks
Crowdstrike CFO sells 215K shares of common stock »

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  • 12

    Dec

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    Dec

GLD

SPDR Gold Shares

$138.94

0.98 (0.71%)

19:00
12/11/19
12/11
19:00
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19:00
Hot Stocks
SPDR Gold Shares holdings rise to 886.22MT from 885.93MT »

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DIS

Disney

$147.70

1.58 (1.08%)

, GOOG

Alphabet

$1,345.14

0.64 (0.05%)

18:59
12/11/19
12/11
18:59
12/11/19
18:59
Periodicals
Disney Plus was Google's most searched term in U.S. this year, TechCrunch says »

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DIS

Disney

$147.70

1.58 (1.08%)

GOOG

Alphabet

$1,345.14

0.64 (0.05%)

GOOGL

Alphabet Class A

$1,344.65

1.61 (0.12%)

AAPL

Apple

$270.71

2.09 (0.78%)

T

AT&T

$38.17

0.1 (0.26%)

NFLX

Netflix

$299.25

6.04 (2.06%)

03/08/13
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  • 11

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    Jan

DLHC

DLH Holdings

$4.58

0.525 (12.96%)

, FORM

FormFactor

$23.77

0.57 (2.46%)

18:57
12/11/19
12/11
18:57
12/11/19
18:57
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: DLH…

DLHC

DLH Holdings

$4.58

0.525 (12.96%)

FORM

FormFactor

$23.77

0.57 (2.46%)

LULU

Lululemon

$233.31

3.75 (1.63%)

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%)

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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  • 11

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    Dec

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    Dec

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    Dec

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    Dec

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    Dec

  • 18

    Dec

TTD

Trade Desk

$250.44

0.13 (0.05%)

18:57
12/11/19
12/11
18:57
12/11/19
18:57
Hot Stocks
Trade Desk CEO: We don't own any media »

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RACE

Ferrari

$165.20

0.37 (0.22%)

18:45
12/11/19
12/11
18:45
12/11/19
18:45
Hot Stocks
Ferrari enters into new EUR 350M credit facility »

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RIBT

RiceBran

$2.09

-0.105 (-4.79%)

18:43
12/11/19
12/11
18:43
12/11/19
18:43
Syndicate
RiceBran offers to sell common stock, no amount given »

Lake Street Capital…

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VMW

VMware

$151.00

2.27 (1.53%)

, TSLA

Tesla

$352.40

3.58 (1.03%)

18:42
12/11/19
12/11
18:42
12/11/19
18:42
Hot Stocks
VMware's Poonen: Our networking business is on fire »

In an interview on…

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%)

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

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  • 11

    Dec

  • 11

    Dec

  • 12

    Dec

  • 07

    Jan

  • 08

    Jan

  • 09

    Jan

  • 27

    Feb

SMTC

Semtech

$47.36

0.48 (1.02%)

18:38
12/11/19
12/11
18:38
12/11/19
18:38
Hot Stocks
Semtech director sells 19.3K shares of common stock »

In a regulatory filing,…

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  • 07

    Jan

CS

Credit Suisse

$12.95

-0.115 (-0.88%)

18:29
12/11/19
12/11
18:29
12/11/19
18:29
Periodicals
Former Credit Suisse JV exec claims she was put under surveillance, WSJ says »

Colleen Graham, a former…

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  • 11

    Dec

PANW

Palo Alto Networks

$226.76

1.71 (0.76%)

18:22
12/11/19
12/11
18:22
12/11/19
18:22
Hot Stocks
Palo Alto Networks CEO: No systematic problem with our sales »

In an interview on…

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  • 08

    Jan

PBYI

Puma Biotechnology

$8.71

0.24 (2.83%)

18:08
12/11/19
12/11
18:08
12/11/19
18:08
Hot Stocks
Puma Biotechnology presents Phase II results of neratinib in breast cancer »

Puma Biotechnology…

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GTHX

G1 Therapeutics

$23.06

-0.18 (-0.77%)

18:05
12/11/19
12/11
18:05
12/11/19
18:05
Hot Stocks
G1 Therapeutics presents data from Phase 1b/2a trial of lerociclib at SABCS »

G1 Therapeutics reported…

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NH

NantHealth

$0.86

-0.0225 (-2.54%)

18:01
12/11/19
12/11
18:01
12/11/19
18:01
Hot Stocks
NantHealth presents new breast cancer research findings at SABCS »

NantHealth announced new…

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TWTR

Twitter

$30.56

0.71 (2.38%)

, AAPL

Apple

$270.71

2.09 (0.78%)

17:51
12/11/19
12/11
17:51
12/11/19
17:51
Hot Stocks
Twitter announces support for iOS Live Photos that will show as GIFs »

Earlier today Twitter…

TWTR

Twitter

$30.56

0.71 (2.38%)

AAPL

Apple

$270.71

2.09 (0.78%)

03/08/13
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03/06/13
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  • 06

    Feb

GVA

Granite Construction

$26.29

0.97 (3.83%)

17:46
12/11/19
12/11
17:46
12/11/19
17:46
Hot Stocks
Granite Construction awarded $14M site development project in Illinois »

Granite's…

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MNRL

Brigham Minerals

$18.60

0.4 (2.20%)

17:45
12/11/19
12/11
17:45
12/11/19
17:45
Syndicate
Brigham Minerals 11M share Secondary priced at $18.10 »

Credit Suisse, Goldman…

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  • 12

    Dec

KHC

Kraft Heinz

$31.59

-0.29 (-0.91%)

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

Kraft Heinz resumed with…

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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  »

Kellogg resumed with a…

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FCAU

Fiat Chrysler

$14.32

-0.085 (-0.59%)

17:34
12/11/19
12/11
17:34
12/11/19
17:34
Hot Stocks
UAW ratifies CBA with Fiat Chrysler »

UAW Fiat Chrysler U.S.…

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  • 07

    Jan

FLO

Flowers Foods

$21.54

-0.04 (-0.19%)

17:27
12/11/19
12/11
17:27
12/11/19
17:27
Initiation
Flowers Foods initiated  »

Flowers Foods resumed…

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

U.S. Treasury posted a…

NOMD

Nomad Foods

$20.54

-0.12 (-0.58%)

17:23
12/11/19
12/11
17:23
12/11/19
17:23
Initiation
Nomad Foods initiated  »

Nomad Foods resumed with…

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LMPX

LMP Automotive

$15.05

1.75 (13.16%)

17:23
12/11/19
12/11
17:23
12/11/19
17:23
Hot Stocks
LMP Automotive Chairman Samer Tawfik buys over $1.7M in company shares »

LMP Automotive Chairman…

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TGI

Triumph Group

$28.91

0.1 (0.35%)

17:21
12/11/19
12/11
17:21
12/11/19
17:21
Syndicate
Breaking Syndicate news story on Triumph Group »

Triumph Group files to…

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