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AOS

A.O. Smith

$48.13

-0.16 (-0.33%)

, ESE

Esco Technologies

$86.05

-0.66 (-0.76%)

04:55
11/21/19
11/21
04:55
11/21/19
04:55

Stephens to hold a field trip

Monsters of the Midway: Midwest Industrials Field Trip travels through Cleveland, Chicago and Milwaukee on November 19-21.

AOS

A.O. Smith

$48.13

-0.16 (-0.33%)

ESE

Esco Technologies

$86.05

-0.66 (-0.76%)

ETN

Eaton

$89.79

-0.44 (-0.49%)

HUBB

Hubbell

$146.30

-2.17 (-1.46%)

ROK

Rockwell Automation

$196.18

-0.51 (-0.26%)

AOS A.O. Smith
$48.13

-0.16 (-0.33%)

11/06/19
RSBL
11/06/19
INITIATION
Target $52
RSBL
Neutral
A.O. Smith initiated with a Neutral at Rosenblatt
Rosenblatt analyst Scott Graham initiated coverage of A.O. Smith with a Neutral rating and $52 price target. The analyst notes that the slower residential markets in U.S. and China have led to an earnings inflection to the downside last year, adding that revenue and earnings have plummeted again this year. Graham believes that A.O. Smith earnings will turn positive in Q2 of FY20 thanks to North America Water Heater replacement, Water Treatment and Boiler sales, but margins in North America are near a peak and China will not recover until the 2nd half of 2020. The analyst adds that A.O Smith shares need to continue to trade at a relative discount.
07/10/19
07/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Pinduoduo (PDD) initiated with an Underweight at JPMorgan. 2. Zillow (ZG) and Redfin (RDFN) were initiated with a Buy at SunTrust. 3. Wabtec (WAB) was initiated with a Neutral at Citi and Goldman Sachs. 4. FedEx (FDX) was initiated with a Conviction Buy at Goldman Sachs while UPS (UPS) was initiated with a Buy. 5. A.O. Smith (AOS) initiated with a Hold at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/19
JEFF
07/10/19
INITIATION
Target $47
JEFF
Hold
A.O. Smith initiated with a Hold at Jefferies
Jefferies analyst Saree Boroditsky started A.O. Smith with a Hold rating and $47 price target. The company is entering a lower growth environment from the combination of declining North America residential water heater replacement demand and weaker sales in China, Boroditsky tells investors in a research note. As such, the analyst expects to see downward revisions to earnings.
10/07/19
SPHN
10/07/19
DOWNGRADE
Target $122
SPHN
Equal Weight
Stephens downgrades Ingersoll-Rand, cuts estimates for EE/MI group due to macro
As previously reported, Stephens analyst Rob McCarthy downgraded Ingersoll-Rand (IR) to Equal Weight from Overweight. McCarthy modestly trimmed his estimates for Ingersoll-Rand for FY19 and FY20, as he sees incremental concern for growth and sustainability of the HVAC cycle, and lowered his price target on the stock to $122, down from $124. He also lowered his estimates across the Electrical Equipment and Multi-Industry group due to the delaying of business capital expenditure decisions that has been caused by macro deceleration and geopolitical uncertainty. He also cut his adjusted EPS forecasts for Rockwell Automation (ROK) for FY19 and FY20, though he keeps an Overweight rating on the stock. Overall in the group, McCarthy said he is "particularly concerned" about A.O. Smith (AOS), Lennox (LII) and Regal Beloit (RBC), on which he has Equal Weight ratings.
ESE Esco Technologies
$86.05

-0.66 (-0.76%)

07/08/19
SPHN
07/08/19
INITIATION
Target $87
SPHN
Equal Weight
Esco Technologies initiated with an Equal Weight at Stephens
Stephens analyst Rob McCarthy initiated Esco Technologies with an Equal Weight rating and $87 price target, calling it a "very well run, acquisitive mini-conglomerate" whose stock is trading at a relatively expensive valuation compared to peers.
ETN Eaton
$89.79

-0.44 (-0.49%)

11/12/19
11/12/19
INITIATION

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CSX (CSX) downgraded to Hold from Buy at Deutsche Bank. 2. Eaton (ETN) downgraded to Hold from Buy at HSBC. 3. Amneal Pharmaceuticals (AMRX) downgraded to Underweight from Neutral at JPMorgan with analyst Christopher Schott saying while some of the challenges facing the company appear fixable, like supply penalties and plant utilization, many appear fundamental, a function of the evolving dynamics in the U.S. generics market. 4. Albemarle (ALB) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan saying with lithium prices falling below historical levels, global lithium suppliers may have to reduce output and wait for demand to catch up. 5. Box (BOX) downgraded to Market Perform from Outperform at JMP Securities with analyst Erik Suppiger citing concerns that after the challenging October quarter, the pipeline of the company's business has slowed. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/12/19
HSBC
11/12/19
DOWNGRADE
Target $96
HSBC
Hold
Eaton downgraded to Hold from Buy at HSBC
HSBC analyst Puneet Garg downgraded Eaton to Hold from Buy with a $96 price target.
10/30/19
FBCO
10/30/19
NO CHANGE
Target $94
FBCO
Outperform
Eaton price target raised to $94 from $89 at Credit Suisse
Credit Suisse analyst John Walsh raised his price target for Eaton to $94 from $89 following the company's Q3 results, saying he thinks Eaton is "attractively" deploying capital via M&A and share repurchases. He maintains an Outperform rating.
10/16/19
10/16/19
UPGRADE
Target $95

Outperform
Eaton upgraded to Outperform at Oppenheimer
As previously reported, Oppenheimer analyst Christopher Glynn upgraded Eaton to Outperform from Perform with a price target of $95. The analyst believes that ten straight quarters of OM expansion, a well covered 3.5% dividend yield, and 8% 2019 free cash flow yield will prevail as more persuasive than some pending incremental cyclical pressures for long-term investors. Glynn also notes "strong price execution" at the Electrical segments, leveraging scale benefits of consolidation into channels.
HUBB Hubbell
$146.30

-2.17 (-1.46%)

04/02/19
JMPS
04/02/19
NO CHANGE
Target $146
JMPS
Outperform
Hubbell spin off of lighting business would be good idea, says JMP Securities
JMP Securities analyst Joseph Osha noted that GE Current has been sold, Cree's (CREE) lighting equipment business has been sold and Eaton (ETN) has announced the planned spinoff of its lighting business during the past six months, all of which "begs an interesting question" about Hubbell's (HUBB) plans for its own lighting business. While Osha doesn't think the division is as dilutive to Hubbell's overall business as either Cree or GE Current was, he also doesn't believe it is as profitable as Acuity Brands (AYI). Hubbell has found managing the volatile lighting business to be a challenge and Osha said he thinks spinning it off "would be a good idea." He reiterates an Outperform rating and $146 price target on Hubbell shares.
08/21/19
08/21/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Clearfield (CLFD) initiated with a Buy at Roth Capital. 2. Wanda Sports (WSG) initiated with a Buy at Citi and Deutsche Bank as well as an Overweight at Morgan Stanley. 3. INmune Bio (INMB) initiated with a Buy at H.C. Wainwright. 4. CoreLogic (CLGX) initiated with an Overweight at Barclays. 5. Hubbell (HUBB) initiated with a Buy at Gabelli. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/21/19
GABE
08/21/19
INITIATION
GABE
Buy
Hubbell initiated with a Buy at Gabelli
Gabelli analyst Justin Bergner initiated Hubbell with a Buy rating.
07/08/19
SPHN
07/08/19
INITIATION
Target $140
SPHN
Overweight
Hubbell initiated with an Overweight at Stephens
Stephens analyst Rob McCarthy started Hubbell with an Overweight rating and $140 price target. The analyst views Hubbell as an attractively valued cyclical with "solid" exposure to mid-to-late cycle end markets. Further, he sees "solid" incremental margin expansion potential aided by the company's continuing footprint consolidation plan.
ROK Rockwell Automation
$196.18

-0.51 (-0.26%)

11/19/19
HSBC
11/19/19
DOWNGRADE
Target $208
HSBC
Hold
Rockwell Automation downgraded to Hold from Buy at HSBC
HSBC analyst Puneet Garg downgraded Rockwell Automation to Hold from Buy with a $208 price target.
11/18/19
11/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. WestRock (WRK) upgraded to Buy from Neutral at BofA/Merrill with analyst George Staphos saying his takeaway from investor events attended last week suggests that the macro and sector trends for integrated containerboard companies are stable to improving and also believes that the risks in the industry are "not new." 2. Rockwell Automation (ROK) upgraded to Overweight from Equal Weight at Barclays analyst Julian Mitchell saying the stock remains out of favor with the investment community, but the recent earnings report suggests "grounds for optimism." 3. Splunk (SPLK) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Keith Weiss saying once Splunk is through its shift to a 100% recurring revenue model and annual invoicing, investors will have better visibility into a company well positioned for key secular trends in data and monitoring. 4. Owens Corning (OC) upgraded to Outperform from Market Perform at Wells with analyst Truman Patterson saying his industry contacts suggest Owens Corning announced an 8% U.S. residential insulation price hike for both loose-fill and batt and roll on Friday, effective January 13. 5. Wolverine World Wide (WWW) upgraded to Buy from Hold at Argus with analyst John Staszak saying he believes that the company will benefit from growth in footwear spending, particularly as the economy improves and consumer confidence increases. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/18/19
LEHM
11/18/19
UPGRADE
Target $233
LEHM
Overweight
Rockwell Automation upgraded to Overweight with $233 price target at Barclays
Barclays analyst Julian Mitchell upgraded Rockwell Automation to Overweight from Equal Weight with a price target of $233, up from $159. The stock remains out of favor with the investment community, but the recent earnings report suggests "grounds for optimism," Mitchell tells investors in a research note. He believes a recovery has not yet been priced into U.S. Multi-Industry stocks.
11/18/19
LEHM
11/18/19
UPGRADE
Target $233
LEHM
Overweight
Rockwell Automation upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Julian Mitchell upgraded Rockwell Automation to Overweight from Equal Weight with a $233 price target.

TODAY'S FREE FLY STORIES

OZMLF

Oz Minerals

$0.00

(0.00%)

05:35
12/09/19
12/09
05:35
12/09/19
05:35
Downgrade
Oz Minerals rating change  »

Oz Minerals downgraded to…

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03/06/13
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CWBHF

Charlotte's Web

$0.00

(0.00%)

05:34
12/09/19
12/09
05:34
12/09/19
05:34
Initiation
Charlotte's Web initiated  »

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IPSEY

Ipsen

$0.00

(0.00%)

05:25
12/09/19
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05:25
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Ipsen rating change  »

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  • 09

    Dec

COIHY

Croda International

$0.00

(0.00%)

05:22
12/09/19
12/09
05:22
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05:22
Downgrade
Croda International rating change  »

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EW

Edwards Lifesciences

$238.97

-3.9 (-1.61%)

05:18
12/09/19
12/09
05:18
12/09/19
05:18
Recommendations
Edwards Lifesciences analyst commentary  »

Edwards Lifesciences…

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SNY

Sanofi

$46.05

-0.04 (-0.09%)

, THOR

Synthorx

$24.98

-0.02 (-0.08%)

05:16
12/09/19
12/09
05:16
12/09/19
05:16
Hot Stocks
Sanofi to acquire Synthorx for $68 per share in cash »

Sanofi (SNY) and Synthorx…

SNY

Sanofi

$46.05

-0.04 (-0.09%)

THOR

Synthorx

$24.98

-0.02 (-0.08%)

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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  • 09

    Dec

  • 09

    Dec

CHK

Chesapeake

05:15
12/09/19
12/09
05:15
12/09/19
05:15
Recommendations
Chesapeake analyst commentary  »

Chesapeake price target…

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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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CHK

Chesapeake

$0.76

0.0421 (5.86%)

05:15
12/09/19
12/09
05:15
12/09/19
05:15
Recommendations
Chesapeake analyst commentary  »

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GRBK

Green Brick

$11.57

0.02 (0.17%)

05:12
12/09/19
12/09
05:12
12/09/19
05:12
Downgrade
Green Brick rating change  »

Green Brick downgraded to…

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NVR

NVR

$3,777.50

-83.65 (-2.17%)

05:12
12/09/19
12/09
05:12
12/09/19
05:12
Upgrade
NVR rating change  »

NVR upgraded to Neutral…

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03/08/13
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MEGEF

MEG Energy

$0.00

(0.00%)

05:11
12/09/19
12/09
05:11
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05:11
Upgrade
MEG Energy rating change  »

MEG Energy upgraded to…

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03/08/13
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03/06/13
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MPC

Marathon Petroleum

$60.17

0.4 (0.67%)

05:10
12/09/19
12/09
05:10
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05:10
Downgrade
Marathon Petroleum rating change  »

Marathon Petroleum…

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DK

Delek US

$34.30

0.99 (2.97%)

05:10
12/09/19
12/09
05:10
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05:10
Downgrade
Delek US rating change  »

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OBSV

ObsEva

$4.60

0.29 (6.73%)

05:10
12/09/19
12/09
05:10
12/09/19
05:10
Hot Stocks
ObsEva says PRIMROSE 2 Phase 3 trial met primary, secondary efficacy endpoints »

ObsEva reported positive…

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03/06/13
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03/06/13
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PAGP

Plains GP Holdings

$17.36

0.24 (1.40%)

05:09
12/09/19
12/09
05:09
12/09/19
05:09
Initiation
Plains GP Holdings initiated  »

Plains GP Holdings…

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03/06/13
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03/06/13
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  • 11

    Dec

PAA

Plains All American

$17.30

0.29 (1.70%)

05:08
12/09/19
12/09
05:08
12/09/19
05:08
Initiation
Plains All American initiated  »

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  • 04

    Feb

MAKSY

Marks & Spencer

$0.00

(0.00%)

05:06
12/09/19
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05:06
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Marks & Spencer rating change  »

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WING

Wingstop

$80.22

0.09 (0.11%)

05:04
12/09/19
12/09
05:04
12/09/19
05:04
Upgrade
Wingstop rating change  »

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M

Macy's

$15.15

0.04 (0.26%)

05:00
12/09/19
12/09
05:00
12/09/19
05:00
Downgrade
Macy's downgraded to Sell from Neutral at Goldman Sachs »

Goldman Sachs analyst…

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ORLY

O'Reilly Automotive

$445.56

4.52 (1.02%)

, LOW

Lowe's

$116.25

0.67 (0.58%)

04:57
12/09/19
12/09
04:57
12/09/19
04:57
Downgrade
O'Reilly Automotive, Lowe's, Dick's Sporting, BJ's Wholesale rating change  »

O'Reilly Automotive…

ORLY

O'Reilly Automotive

$445.56

4.52 (1.02%)

LOW

Lowe's

$116.25

0.67 (0.58%)

DKS

Dick's Sporting

$46.21

0.325 (0.71%)

BJ

BJ's Wholesale

$23.54

0.095 (0.41%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 10

    Dec

04:55
12/09/19
12/09
04:55
12/09/19
04:55
General news
Breaking General news story  »

6-Month Bill Auction to…

CHMA

Chiasma

$5.27

-0.04 (-0.75%)

04:55
12/09/19
12/09
04:55
12/09/19
04:55
Conference/Events
Roth Capital biotech analyst to hold an analyst/industry conference call »

Biotechnology Analyst…

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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  • 09

    Dec

OPRX

OptimizeRx

$9.09

0.29 (3.30%)

04:55
12/09/19
12/09
04:55
12/09/19
04:55
Conference/Events
OptimizeRx management to meet with William Blair »

Meetings to be held in…

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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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  • 09

    Dec

  • 10

    Dec

  • 11

    Dec

SHOO

Steven Madden

$42.85

0.55 (1.30%)

04:55
12/09/19
12/09
04:55
12/09/19
04:55
Conference/Events
Steven Madden management to meet with Loop Capital »

Meeting to be held in New…

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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 09

    Dec

ARQL

ArQule

$9.67

0.15 (1.58%)

04:55
12/09/19
12/09
04:55
12/09/19
04:55
Conference/Events
ArQule to hold an investor conference call »

Conference call to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 09

    Dec

  • 09

    Dec

  • 09

    Dec

  • 09

    Dec

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