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SMLP

Summit Midstream

$3.79

-0.05 (-1.30%)

17:12
11/19/19
11/19
17:12
11/19/19
17:12

Summit Midstream files to sell 51.2M shares of common stock for holders

SMLP Summit Midstream
$3.79

-0.05 (-1.30%)

04/29/19
04/29/19
DOWNGRADE
Target $10

Sector Perform
Summit Midstream cut to Sector Perform at RBC Capital on EBITDA risk
As previously reported, RBC Capital analyst Elvira Scotto downgraded Summit Midstream to Sector Perform and lowered her price target to $10 from $17. The analyst cites a heightened risk to the company's earnings and dividend payout after its 2019 adjusted EBITDA forecast was cut amid delays to the DJ processing plant and land issues in the Utica. Scotto also anticipates a "substantial increase" in Summit Midstream leverage in 2020.
06/19/19
SBSH
06/19/19
DOWNGRADE
Target $6.5
SBSH
Neutral
Summit Midstream downgraded to Neutral from Buy at Citi
Citi analyst Mirek Zak downgraded Summit Midstream Partners to Neutral from Buy and lowered his price target for the shares to $6.50 from $13. The analyst says concerns around the prior distribution cut and weaker rig activity in growth basins have materialized. Summit Midstream's growth opportunities in some operating segments "do not appear sufficient to offset challenges in others," Zak tells investors in a research note.
06/19/19
06/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SunPower (SPWR) downgraded to Market Perform from Outperform at Raymond James with analyst Pavel Molchanov citing a "lofty enough" valuation. 2. Sabre (SABR) downgraded to Sell from Neutral at Goldman Sachs with analyst James Schneider stating industry-level challenges in each of Sabre's business segments are likely to be headwinds to revenue growth over the next year. 3. Energizer (ENR) downgraded to Underweight from Neutral at JPMorgan with analyst Andrea Teixeira saying recent Nielsen data points to a "tough" sales outlook for the company. 4. Summit Midstream (SMLP) downgraded to Neutral from Buy at Citi with analyst Mirek Zak noting concerns around the prior distribution cut and weaker rig activity in growth basins have materialized. 5. Hudson Technologies (HDSN) downgraded to Hold from Buy at Craig-Hallum with analyst Steve Dyer saying he is increasingly concerned that the company could trip its recently amended debt covenants as early as this quarter given a cool start to the summer selling season and his industry checks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/19/19
RBCM
08/19/19
NO CHANGE
Target $6
RBCM
Sector Perform
Summit Midstream price target lowered to $6 from $9 at RBC Capital
RBC Capital analyst Elvira Scotto lowered her price target on Summit Midstream to $6 and kept her Sector Perform rating after the company reduced its FY19 adjusted EBITDA outlook to the low end of prior $295M-$315M guided range. The analyst notes that Summit Midstream's appointment of a new CEO is a positive given his expertise in the overlapping with Crestwood Equity (CEQP) Bakken, Permian, and Marcellus region, but she is "struggling" with the company's high leverage in the absence of any planned asset sales.

TODAY'S FREE FLY STORIES

DPLO

Diplomat Pharmacy

$5.82

0.22 (3.93%)

08:43
12/09/19
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08:43
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Diplomat Pharmacy rating change  »

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IHRT

iHeartMedia

$14.59

-0.24 (-1.62%)

08:42
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08:42
Conference/Events
iHeartMedia management to meet with Wolfe Research »

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  • 10

    Dec

IDA

Idacorp

$104.61

-0.03 (-0.03%)

08:40
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08:40
Conference/Events
Idacorp management to meet with Mizuho »

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ATVI

Activision Blizzard

$55.21

0.22 (0.40%)

08:39
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12/09
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08:39
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  • 13

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SNY

Sanofi

$46.05

-0.04 (-0.09%)

08:38
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  • 09

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RFIL

RF Industries

$5.82

0.07 (1.22%)

08:38
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JJSF

J & J Snack Foods

$188.98

0.94 (0.50%)

08:37
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12/09
08:37
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08:37
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J & J Snack Foods rating change  »

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HPE

HP Enterprise

$15.91

-0.02 (-0.13%)

08:37
12/09/19
12/09
08:37
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08:37
Conference/Events
HP Enterprise management to meet with Loop Capital »

Dinner Meeting with…

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ATR

AptarGroup

$112.05

-0.015 (-0.01%)

08:36
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12/09
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08:36
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PTON

Peloton

$32.56

1.24 (3.96%)

08:35
12/09/19
12/09
08:35
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08:35
Recommendations
Peloton analyst commentary  »

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  • 09

    Dec

FLWS

1-800-Flowers.com

$12.83

-0.09 (-0.70%)

08:34
12/09/19
12/09
08:34
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08:34
Conference/Events
1-800-Flowers.com management to meet with DA Davidson »

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  • 09

    Dec

  • 10

    Dec

PDLI

PDL BioPharma

$2.96

-0.035 (-1.17%)

, EVFM

Evofem

$6.88

0.455 (7.09%)

08:33
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12/09
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08:33
Hot Stocks
PDL BioPharma completes strategic review, to initiate new process »

PDL BioPharma (PDLI)…

PDLI

PDL BioPharma

$2.96

-0.035 (-1.17%)

EVFM

Evofem

$6.88

0.455 (7.09%)

03/08/13
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EA

Electronic Arts

$103.30

1.22 (1.20%)

08:32
12/09/19
12/09
08:32
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08:32
Recommendations
Electronic Arts analyst commentary  »

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  • 13

    Dec

ARQL

ArQule

$9.67

0.15 (1.58%)

, AUTL

Autolus Therapeutics

$14.60

-0.18 (-1.22%)

08:30
12/09/19
12/09
08:30
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08:30
Conference/Events
Roth Capital to hold events »

Roth Capital KOL Events…

ARQL

ArQule

$9.67

0.15 (1.58%)

AUTL

Autolus Therapeutics

$14.60

-0.18 (-1.22%)

BGNE

BeiGene

$186.89

-2.3 (-1.22%)

BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

CC

Chemours

$16.68

1.62 (10.76%)

CRSP

Crispr Therapeutics

$72.19

1.47 (2.08%)

FTSV

Forty Seven

$14.40

0.23 (1.62%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

LLY

Eli Lilly

$119.59

-0.175 (-0.15%)

LOXO

Loxo Oncology

$0.00

(0.00%)

SGMO

Sangamo

$11.65

0.05 (0.43%)

03/08/13
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  • 09

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  • 27

    Feb

TFC

Taiwan Greater China Fund

$54.16

0.66 (1.23%)

, BBT

BB&T

$54.16

0.66 (1.23%)

08:30
12/09/19
12/09
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08:30
Options
One new option listing and two option delistings on December 9th »

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TFC

Taiwan Greater China Fund

$54.16

0.66 (1.23%)

BBT

BB&T

$54.16

0.66 (1.23%)

STI

SunTrust

$70.09

0.83 (1.20%)

03/08/13
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  • 26

    Feb

CWBHF

Charlotte's Web

$0.00

(0.00%)

08:29
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08:29
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Charlotte's Web initiated  »

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AAOI

Applied Optoelectronics

$10.36

-0.11 (-1.05%)

, ANET

Arista Networks

$190.22

-1.3 (-0.68%)

08:26
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Conference/Events
Raymond James to hold a conference »

Technology Investors…

AAOI

Applied Optoelectronics

$10.36

-0.11 (-1.05%)

ANET

Arista Networks

$190.22

-1.3 (-0.68%)

BL

BlackLine

$51.94

-0.55 (-1.05%)

BLKB

Blackbaud

$79.88

0.49 (0.62%)

CARG

CarGurus

$38.35

-0.09 (-0.23%)

DELL

Dell Technologies

$47.09

-0.255 (-0.54%)

DIOD

Diodes

$48.10

1.185 (2.53%)

EVBG

Everbridge

$85.43

0.83 (0.98%)

FTDR

Frontdoor

$45.98

0.63 (1.39%)

GDS

GDS Holdings

$46.18

-0.98 (-2.08%)

GLUU

Glu Mobile

$5.91

0.065 (1.11%)

HLIT

Harmonic

$8.20

0.2 (2.50%)

IIVI

II-VI

$29.19

0.12 (0.41%)

IIIV

i3 Verticals

$28.22

0.07 (0.25%)

IRBT

iRobot

$45.34

1.01 (2.28%)

JKHY

Jack Henry

$150.59

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SIMO

Silicon Motion

$45.85

0.6 (1.33%)

NTGR

Netgear

$24.68

0.32 (1.31%)

VNE

Veoneer

$16.03

0.62 (4.02%)

TTGT

TechTarget

$25.08

0.29 (1.17%)

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  • 09

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  • 06

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    Feb

AZN

AstraZeneca

$47.68

0.06 (0.13%)

, CLPBY

Coloplast

$0.00

(0.00%)

08:25
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Conference/Events
Credit Suisse to hold a field trip »

8th Annual European…

AZN

AstraZeneca

$47.68

0.06 (0.13%)

CLPBY

Coloplast

$0.00

(0.00%)

GNNDY

GN Store Nord

$0.00

(0.00%)

GSK

GlaxoSmithKline

$45.51

0.29 (0.64%)

IPSEY

Ipsen

$0.00

(0.00%)

LZAGY

Lonza

$0.00

(0.00%)

NVO

Novo Nordisk

$56.74

-0.3 (-0.53%)

NVS

Novartis

$92.08

0.42 (0.46%)

RHHBY

Roche

$0.00

(0.00%)

SNN

Smith & Nephew

$44.09

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SNY

Sanofi

$46.05

-0.04 (-0.09%)

SONVY

Sonova

$0.00

(0.00%)

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  • 09

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    Dec

HOTH

Hoth Therapeutics

$4.65

0.25 (5.68%)

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Hoth Therapeutics initiates asthma, allergic inflammation preclinical study »

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SLG

SL Green Realty

$86.93

1.18 (1.38%)

08:25
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Conference/Events
SL Green Realty to host investor meeting »

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  • 09

    Dec

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:24
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12/09
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08:24
Technical Analysis
DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

$0.00

(0.00%)

08:24
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Technical Analysis
DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:24
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12/09
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08:24
Technical Analysis
Dow Jones Industrial Average: Pivot points »

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WASH

Washington Trust

$52.75

0.19 (0.36%)

08:24
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12/09
08:24
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08:24
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Washington Trust rating change  »

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IYT

iShares Transportation Average

$192.74

2.64 (1.39%)

08:24
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Technical Analysis
iShares Transportation Average: Pivot points »

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