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OOMA

Ooma

$11.18

-0.01 (-0.09%)

, IIIV

i3 Verticals

$22.29

-0.52 (-2.28%)

19:18
11/21/19
11/21
19:18
11/21/19
19:18

Fly Intel: After Hours Movers

UP AFTER EARNINGS: Ooma (OOMA) up 16.9%... i3 Verticals (IIIV) up 12.1%... Nordstrom (JWN) up 8.2%... Shoe Carnival (SCVL) up 8.2%... Splunk (SPLK) up 5.3%... The Gap (GPS) up 1.5%... Ross Stores (ROST) up 1.1%. DOWN AFTER EARNINGS: Pure Storage (PSTG) down 22.5%... Williams-Sonoma (WSM) down 5.1%... PennantPark (PNNT) down 1.5%... Enanta Pharma (ENTA) down 1.4%... Intuit (INTU) down 0.8%.

OOMA

Ooma

$11.18

-0.01 (-0.09%)

IIIV

i3 Verticals

$22.29

-0.52 (-2.28%)

JWN

Nordstrom

$34.29

0.35 (1.03%)

SCVL

Shoe Carnival

$37.18

1.36 (3.80%)

SPLK

Splunk

$126.80

-0.04 (-0.03%)

GPS

Gap

$16.22

-0.05 (-0.31%)

ROST

Ross Stores

$111.81

1.39 (1.26%)

PSTG

Pure Storage

$19.84

-0.22 (-1.10%)

WSM

Williams-Sonoma

$68.76

0.195 (0.28%)

PNNT

PennantPark

$5.95

0.01 (0.17%)

ENTA

Enanta

$63.27

1.55 (2.51%)

INTU

Intuit

$270.01

-3.38 (-1.24%)

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OOMA Ooma
$11.18

-0.01 (-0.09%)

09/30/19
BOFA
09/30/19
DOWNGRADE
Target $11
BOFA
Underperform
BofA/Merrill downgrades Ooma to Underperform, sees re-acceleration as unlikely
As previously reported, BofA Merrill Lynch analyst Nikolay Beliov downgraded Ooma (OOMA) to Underperform from Neutral as he believes slowing growth of Telo home and multiple other headwinds will make sustained organic re-acceleration unlikely in the near-term. He also sees Telo facing increased competitive pressures from Amazon Echo (AMZN) and Google Voice (GOOGL), Beliov tells investors. He lowered his price target on Ooma shares to $11 from $16.
11/28/18
WBLR
11/28/18
UPGRADE
WBLR
Outperform
Ooma upgraded to Outperform from Market Perform at William Blair
William Blair analyst Bhavan Suri upgraded Ooma to Outperform following the company's Q3 results. The "solid" quarter shows Ooma's "consistent execution," Suri tells investors in a research note. Further, the stock's multiple is currently less than half that of the peer group, which makes now an attractive time to buy the stock, says the analyst.
09/30/19
BOFA
09/30/19
DOWNGRADE
BOFA
Underperform
Ooma downgraded to Underperform from Neutral at BofA/Merrill
11/28/18
11/28/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Spirit Airlines (SAVE) upgraded to Overweight from Neutral at JPMorgan with analyst Jamie Baker saying he admits to being "clearly misgauged" over the elasticity of Spirit's passenger base following the company's Q4 TRASM outlook "surprise." 2. Ooma (OOMA) upgraded to Outperform from Market Perform at William Blair with analyst Bhavan Suri saying the "solid" quarter shows Ooma's "consistent execution." 3. DaVita (DVA) upgraded to Outperform from Market Perform at Raymond James with analyst John Ransom saying the stock has fallen about 18% since the company reported a Q3 earnings miss and since the defeat of the California ballot initiative, creating an attractive entry point. 4. Aspen Technology (AZPN) upgraded to Buy from Hold at Canaccord with analyst David Hynes citing valuation. 5. Union Pacific (UNP) upgraded to Buy from Hold at Deutsche Bank with analyst Amit Mehrotra saying after several years of "weak" cost control, Union Pacific is now positioned for at least $3B in profit improvement. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
IIIV i3 Verticals
$22.29

-0.52 (-2.28%)

06/24/19
BTIG
06/24/19
NO CHANGE
Target $31
BTIG
Buy
i3 Verticals price target raised to $31 from $27 at BTIG
BTIG analyst Mark Palmer raised his price target for i3 Verticals to $31 from $27 following his meeting with the company's President Rick Stanford and Senior Vice President, Finance Scott Meriwether. The analyst believes i3 Verticals' aggressive pace of M&A activity over the past year could help it to boost organic growth from the high single-digits to the low double-digits in 2020 and beyond. This should lend further support to total revenue and adjusted EBITDA growth, each of which he expects to be sustained in the double-digits. Meanwhile, he notes the company's continued push into integrated payments as well as the expansion of its software offerings should enable it to gradually expand its adjusted EBITDA margins. Palmer reiterates a Buy rating on the shares.
09/27/19
BOFA
09/27/19
UPGRADE
BOFA
Buy
i3 Verticals upgraded to Buy from Neutral at BofA/Merrill
09/27/19
BOFA
09/27/19
UPGRADE
Target $23
BOFA
Buy
i3 Verticals upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Jason Kupferberg upgraded i3 Verticals to Buy with a price target of $23, saying the 19% underperformance in its stock price relative to S&P500 since the company reported Q2 results has created an "attractive entry point". While acknowledging pockets of weakness in the quarter, the analyst is positive on i3 Verticals as a "well-positioned" merchant acquirer, offering mid-single digit organic revenue growth along with an "active and disciplined M&A strategy". Kupferberg adds that the company's "favorable shift" toward integrated payments market helps generate better growth, margins, and client retention.
08/13/19
BOFA
08/13/19
INITIATION
Target $23
BOFA
Neutral
i3 Verticals initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Jason Kupferberg initiated i3 Verticals with a Neutral rating and a price target of $23. The analyst notes that the company's organic revenue growth in mid-high single digits is below some of its larger peers, but also points to its overall revenue growth of about 40% per year since 2013 from M&A deal. Kupferberg sees i3 Verticals as "solidly positioned" in the "high growth" Integrated Payments Channel.
JWN Nordstrom
$34.29

0.35 (1.03%)

11/14/19
GUGG
11/14/19
NO CHANGE
Target $66
GUGG
Buy
Guggenheim raises price targets on off-price retailers TJX, Ross Stores
Guggenheim analyst Robert Drbul said the off-price sector remains one of his favorites in U.S. retail and he believes the environment will be supportive this holiday and in 2020 based on the inventory imbalance he sees in the marketplace today, which should create a product/buying environment that supports continued revenue gains. He predicts a return to postive double digit percentage earnings growth in 2020 and raised his price target on TJX (TJX) shares to $66 from $60 and his price target for Ross Stores (ROST) to $125 from $120. He has Buy ratings on both stocks. Elsewhere in the group, he keeps Neutral ratings on Burlington Stores (BURL), Nordstrom (JWN) and Macy's (M).
11/20/19
FBCO
11/20/19
NO CHANGE
Target $48
FBCO
Neutral
Kohl's price target lowered to $48 from $51 at Credit Suisse
Credit Suisse analyst Michael Binetti lowered his price target for Kohl's (KSS) to $48 from $51 following the company's Q3 results, saying he thought Kohl's would fare better than weaker industry trends considering a meaningful number of new initiatives, and says he was "disappointed" in the company's Q3 SSS miss. Binetti tells investors in a research note to investors that he sees incremental risk for Macy's (M) and Nordstrom (JWN) this week, adding that he doesn't see much change to concerns that without an external catalyst, underlying industry trends in softlines categories remain lackluster.
11/12/19
LEHM
11/12/19
INITIATION
Target $36
LEHM
Equal Weight
Nordstrom initiated with an Equal Weight at Barclays
Barclays analyst Adrienne Yih initiated coverage of Nordstrom with an Equal Weight rating and $36 price target. The analyst cites the company's negative brick-and-mortar comps over the past 3 years as sales transition to the e-commerce channel as well as a branded product offering competing with less expensive alternatives and other distribution channels. Yih adds however that Nordstrom's sales growth still exceeds that of inventories, and its opening of the Manhattan flagship should "add meaningfully" to top-lines sales growth in the near term.
10/30/19
UBSW
10/30/19
DOWNGRADE
Target $30
UBSW
Sell
Nordstrom downgraded to Sell from Neutral at UBS
UBS analyst Jay Sole downgraded Nordstrom to Sell from Neutral with an unchanged price target of $30. The retailer closed Tuesday down 2% to $37.11. The stock's 48% jump since August 20 is unjustified, Sole tells investors in a research note. The analyst does not believe Nordstrom's fundamentals have changed, and he expects a "weak" holiday shopping season, tariffs, and ongoing e-commerce disruption to pressure the company's earnings. Sole thinks the stock's price-to-earnings ratio will revert to 10-times from 11.6-times as the market "takes an increasingly bearish" view of Nordstrom's long-term earnings outlook. His Q4 and fiscal 2020 earnings estimates are 6% and 12% below consensus, respectively.
SCVL Shoe Carnival
$37.18

1.36 (3.80%)

11/13/19
WEDB
11/13/19
NO CHANGE
Target $42
WEDB
Outperform
Shoe Carnival price target raised to $42 from $32 at Wedbush
Wedbush analyst Christopher Svezia raised his price target for Shoe Carnival to $42 from $32 ahead of the company's November 21 results citing the likelihood of continued EPS upside and momentum into the fall selling season. The analyst keeps an Outperform rating on the shares.
04/05/19
SIDC
04/05/19
UPGRADE
Target $42
SIDC
Buy
Shoe Carnival upgraded to Buy on valuation at Sidoti
Sidoti analyst Gregory Pendy upgraded Shoe Carnival to Buy from Neutral citing valuation and maintained a $42 price target.
01/02/19
01/02/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bausch Health (BHC) upgraded to Overweight from Neutral at Piper Jaffray with analyst David Amsellem saying while he's been "unrelentingly negative" on the company for years, it is time to "turn the page following a closer look at the business." 2. Crocs (CROX) and Shoe Carnival (SCVL) were upgraded to Positive from Neutral at Susquehanna. 3. Stryker (SYK) upgraded to Outperform from In Line at Evercore ISI. 4. CBS (CBS) upgraded to Overweight from Equal Weight at Stephens with analyst Kyle Evans saying he believes investor sentiment is poised to improve on the name in 2019 and that the company can continue to post solid results driven by underlying unit growth and stronger pricing. 5. Sirius XM (SIRI) upgraded to Overweight from Neutral at JPMorgan with analyst Sebastiano Petti saying Sirius XM shares are attractively following the 25% pullback from the 2018 highs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/19
SUSQ
10/09/19
NO CHANGE
Target $37
SUSQ
Shoe Carnival benefiting from competitors struggles, says Susquehanna
Susquehanna analyst Sam Poser said to buy the shares of Shoe Carnival as the company has made improvements in customer engagement which he said will lead to sales, margin, and earnings momentum. The analyst said the company is also benefiting from the recent closure of Payless stores and the tenuous position of Sears. Poser reiterated his Positive rating and $37 price target on Shoe Carnival shares
SPLK Splunk
$126.80

-0.04 (-0.03%)

11/18/19
DADA
11/18/19
INITIATION
Target $150
DADA
Buy
Splunk initiated with a Buy at DA Davidson
DA Davidson analyst Andrew Nowinski initiated coverage of Splunk with a Buy rating and $150 price target. The analyst says the company's new pricing plans should improve its visibility and growth, adding that the "rapidly accelerating" momentum of its Splunk Cloud should also lead to its long-term margin expansion. Nowinski further notes that while he has some near-term concerns about the company's cash flow, he still believes that Splunk is well-positioned to increase its market share.
11/18/19
DADA
11/18/19
INITIATION
DADA
Buy
Splunk initiated with a Buy at DA Davidson
DA Davidson analyst Andrew Nowinski initiated coverage of Splunk with a Buy rating.
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.
11/19/19
BMOC
11/19/19
NO CHANGE
Target $155
BMOC
Outperform
Splunk can navigate proposed pricing transition, says BMO Capital
BMO Capital analyst Keith Bachman keeps his Outperform rating and $155 price target on Splunk ahead of its Q3 results this week, saying the company's recently announced new pricing choices should not lead to disruptions in its sales cycles. The analyst also believes that the shift from upfront contract collections to annual collections should be "roughly revenue neutral" in the long run, adding that he continues to see upside for the stock.
GPS Gap
$16.22

-0.05 (-0.31%)

11/12/19
LEHM
11/12/19
INITIATION
Target $85
LEHM
Equal Weight
Children's Place initiated with an Equal Weight at Barclays
Barclays analyst Adrienne Yih initiated coverage of Children's Place (PLCE) with an Equal Weight rating and $85 price target. The analyst cites the company's latest promotional activity in Q3 being "as deep as last year" along with its inventory growth rate coming well above its sales growth. Yih adds that she is concered about incremental price competition from Old Navy (GPS).
11/11/19
MKMP
11/11/19
NO CHANGE
Target $15
MKMP
Neutral
Gap price target lowered to $15 from $18 at MKM Partners
MKM Partners analyst Roxanne Meyer lowered her price target on The Gap to $15 and kept her Neutral rating after its negative pre-announcement and CEO departure last week. The analyst says the company should look for a "merchant visionary" rather than a "strong operator" in its search for a new CEO. Meyer adds that while calling off the Old Navy spinoff would be a positive step and limit the damage, she still expects the weakness in The Gap stock price to persist beyond the holiday season.
11/08/19
11/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Argo Group (ARGO) downgraded to Market Perform from Outperform at William Blair with analyst Adam Klauber citing a lower earnings outlook following the company's Q3 results. 2. RA Pharmaceuticals (RARX) was downgraded to Hold from Buy at Stifel and to Neutral from Buy at Guggenheim. 3. Newtek Business (NEWT) downgraded to Market Perform from Outperform at Raymond James with analyst Robert Dodd saying he believes the current valuation reflects a positive outlook, while loan growth indicators have declined. 4. Gap (GPS) downgraded to Market Perform from Outperform at Telsey Advisory. 5. Albemarle (ALB) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying Albemarle, currently trading at 11.2 times estimated EBITDA for 2020, is overvalued. 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
LEHM
11/12/19
INITIATION
Target $14
LEHM
Underweight
Gap initiated with an Underweight at Barclays
Barclays analyst Adrienne Yih initiated coverage of Gap with an Underweight rating and $14 price target. The analyst cites the company's negative comp trends at all 3 of its core brands, excess inventory in the pipeline that will weigh on its merchandise margins, and a lack of "brand resonance" with Millennial and Gen Z demographics at its Gap and Banana Republic brands.
ROST Ross Stores
$111.81

1.39 (1.26%)

11/11/19
11/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Workiva (WK) initiated with a Neutral at Goldman Sachs. 2. Burlington Stores (BURL) and Ross Stores (ROST) were initiated with an Outperform at RBC Capital. 3. BellRing Brands (BRBR) initiated with an Overweight at JPMorgan, Morgan Stanley, and Barclays, an Outperform at Wells Fargo, Credit Suisse, and BMO Capital, a Buy at Goldman Sachs and Stifel, a Hold at SunTrust, and a Neutral at BofA/Merrill. 4. Anterix (ATEX) initiated with an Equal Weight at Morgan Stanley. 5. Gladstone (GOOD) initiated with a Buy at National Securities. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/12/19
LEHM
11/12/19
INITIATION
Target $124
LEHM
Overweight
Ross Stores initiated with an Overweight at Barclays
Barclays analyst Adrienne Yih initiated coverage of Ross Stores with an Overweight rating and $124 price target. The analyst is positive on the company's "secular strength of the Off-Price model", continued store-based growth, peer-leading margin performance, and a flexible inventory management system.
11/11/19
RBCM
11/11/19
INITIATION
Target $120
RBCM
Outperform
Ross Stores initiated with an Outperform at RBC Capital
RBC Capital analyst Kate Fitzsimons initiated coverage of Ross Stores with an Outperform rating and $120 price target. The analyst is positive on the company's continued "story" of market share gains with potential for margins to "at least" stabilize from the pressure of 2018-2019 as freight headwinds subside and the impact of inventory controls is felt. Fitzsimons adds that the "attractive buying environment" should further help Ross Stores to balance out the rising wage trends.
PSTG Pure Storage
$19.84

-0.22 (-1.10%)

10/16/19
RAJA
10/16/19
UPGRADE
Target $22
RAJA
Outperform
Pure Storage upgraded to Outperform from Market Perform at Raymond James
Raymond James analyst Simon Leopold upgraded Pure Storage to Outperform from Market Perform with a $22 price target.
10/16/19
RAJA
10/16/19
UPGRADE
Target $22
RAJA
Outperform
Pure Storage upgraded to Outperform at Raymond James, says shares attractive
Raymond James analyst Simon Leopold upgraded Pure Storage to Outperform from Market Perform with a $22 price target. In a research note to investors, Leopold says recent VAR/Distributor checks have reflected positive sentiment suggesting Pure can exceed current Street estimates, and says he has gained a greater appreciation for the market expansion offered by the new FlashArray//C. While he still sees recession and competitive risks, Leopold views Pure Storage's shares as attractive.
11/12/19
JPMS
11/12/19
NO CHANGE
Target $28
JPMS
Overweight
Pure Storage risk/reward profile 'very attractive,' says JPMorgan
After speaking with five key contacts in the Pure Storage ecosystem, JPMorgan analyst Pinjalim Bora says the company's partners were largely upbeat about the Q3 demand environment. Regarding the competitive environment, multiple partners opined that Pure Storage is winning market-share and mind-share, Bora tells investors in a research note. The analyst continues to view the stock's risk/return profile as "very attractive" and he keeps an Overweight rating on the name with a $28 price target.
10/16/19
10/16/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Johnson & Johnson (JNJ) upgraded to Neutral from Underweight at Atlantic Equities. 2. FMC Corporation (FMC) upgraded to Outperform from Neutral at Baird with analyst Ben Kallo saying he believes FMC's new product introductions, expected share gains in key markets, and operating leverage can drive revenue and adjusted EBITDA growth in 2020 and beyond. 3. Pure Storage (PSTG) upgraded to Outperform from Market Perform at Raymond James with analyst Simon Leopold saying recent VAR/Distributor checks have reflected positive sentiment suggesting Pure can exceed current Street estimates and he has gained a greater appreciation for the market expansion offered by the new FlashArray//C. 4. PDF Solutions (PDFS) upgraded to Buy from Hold at Craig-Hallum with analyst Christian Schwab saying PDF Solutions is transitioning the company to an analytics software model, and believes that looking out 3-5 years, and in line with management's long term model shared at the company's Analyst Day, it can become a "Rule of 40" SaaS like company with 70% gross margins and in aggregate a 20% top line growth rate and 20% operating margin. 5. Builders FirstSource (BLDR) and BMC Stock Holdings (BMCH) upgraded to Overweight from Equal Weight at Stephens. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WSM Williams-Sonoma
$68.76

0.195 (0.28%)

08/29/19
RBCM
08/29/19
NO CHANGE
Target $67
RBCM
Sector Perform
Williams-Sonoma price target raised to $67 from $61 at RBC Capital
RBC Capital analyst Scot Ciccarelli raised his price target on Williams-Sonoma to $67 after its Q2 earnings beat, "very strong" comps growth of 6.5%, and guidance raise. The analyst is keeping his Sector Perform rating however to reflect the "material" gross margin pressure around shipping costs and tariffs. Ciccarelli notes that valuation on Williams-Sonoma remains "modest", but believes that pricing competition and the pressure to offer free shipping will weigh on the stock over time.
11/12/19
LEHM
11/12/19
INITIATION
Target $77
LEHM
Overweight
Williams-Sonoma initiated with an Overweight at Barclays
Barclays analyst Adrienne Yih initiated coverage of Williams-Sonoma with an Overweight rating and $77 price target. The analyst is positive on the strength of the company's West Elm comps, its "stabilizing promotional cadence", the growth of its e-commerce channel, and its limited product sourcing from China.
07/15/19
ARGS
07/15/19
NO CHANGE
Target $73
ARGS
Buy
Williams-Sonoma price target raised to $73 from $70 at Argus
Argus analyst Chris Graja raised his price target on Williams-Sonoma to $73 and kept his Buy rating, saying he is positive on the company's merchandising as well as its "excellent tools" tools for analyzing e-commerce and developing marketing plans. The analyst contends that Williams-Sonoma offers an "improving supply chain and delivery network" along with the right balance between e-commerce and physical store presence. Graja also believes that the company may be able to negotiate better pricing with its Chinese suppliers and to mitigate any tariff-related pressure with higher prices.
07/11/19
GSCO
07/11/19
INITIATION
Target $72
GSCO
Buy
Williams-Sonoma initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Kate McShane started Williams-Sonoma with a Buy rating and $72 price target. The analyst thinks share sentiment still skews negative and that current levels remain an attractive entry point.
PNNT PennantPark
$5.95

0.01 (0.17%)

10/29/19
JPMS
10/29/19
DOWNGRADE
Target $6
JPMS
Underweight
PennantPark downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Richard Shane downgraded PennantPark to Underweight from Neutral with a $6 price target.
10/29/19
JPMS
10/29/19
DOWNGRADE
Target $6
JPMS
Underweight
JPMorgan downgrades PennantPark to Underweight, trims target to $6
JPMorgan analyst Richard Shane downgraded PennantPark Investment to Underweight from Neutral with a price target of $6.00, down from $6.50. The analyst expects modest net asset value compression when Business Development Companies report Q3 results, driven by a combination of divergent spread and lower interest rate expectations. While PennantPark's energy exposure has stabilized in the low-teens and the portfolio has low non-accruals, investor sentiment remains under pressure as a result of an overallocation to the energy sector and an elevated equity position, Shane tells investors in a research note. He believes the stock is unlikely to re-rate until net interest income is boosted so the dividend is more fully covered.
05/03/19
COMP
05/03/19
DOWNGRADE
COMP
Neutral
PennantPark downgraded to Neutral from Buy at Compass Point
05/13/19
LTCO
05/13/19
DOWNGRADE
LTCO
Neutral
PennantPark downgraded to Neutral from Buy at Ladenburg
ENTA Enanta
$63.27

1.55 (2.51%)

09/26/19
JPMS
09/26/19
DOWNGRADE
Target $57
JPMS
Underweight
Enanta downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Eric Joseph downgraded Enanta Pharmaceuticals to Underweight from Neutral and lowered his price target for the shares to $57 from $86.
09/26/19
JPMS
09/26/19
DOWNGRADE
Target $57
JPMS
Underweight
JPMorgan downgrades Enanta to Underweight, says NASH data falls short
JPMorgan analyst Eric Joseph downgraded Enanta Pharmaceuticals to Underweight from Neutral and lowered his price target for the shares to $57 from $86. The EDP-305 results yesterday, while positive and fundamentally de-risking for the compound, fall short of delivering best-in-class status, Joseph tells investors in a research note. The analyst is struck by the high rate of pruritus and related discontinuation in the active, 2.5mg dose arm. Despite conservative EDP-305 expectations into the readout, the ARGON-1 data "reduce these further still, while at same time dampen sentiment" on the broader FXR class in nonalcoholic steatohepatitis, contends Joseph. He sees Enanta shares continuing under pressure relative to the group in the near- to mid-term.
09/26/19
09/26/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HD Supply (HDS) downgraded to Equal Weight from Overweight at Barclays and to Market Perform from Outperform at William Blair. 2. Macerich (MAC) downgraded to Market Perform from Outperform at BMO Capital with analyst Jeremy Metz saying the stock's near-term risk/reward proposition has "skewed lower as potential catalysts dim." 3. Enanta (ENTA) downgraded to Underweight from Neutral at JPMorgan with analyst Eric Joseph saying the EDP-305 results yesterday, while positive and fundamentally de-risking for the compound, fall short of delivering best-in-class status. 4. Timken (TKR) downgraded to Underperform from Neutral at BofA/Merrill with analyst Ross Gilardi saying the company has been "too aggressive" on the M&A front over the past 3-5 years, which poses a risk to its performance in the event of an economic downturn. 5. Northern Trust (NTRS) downgraded to Neutral from Buy at UBS with analyst Brennan Hawken citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/19
WOLF
05/24/19
INITIATION
Target $117
WOLF
Outperform
Enanta initiated with an Outperform at Wolfe Research
Wolfe Research initiated Entana with an Outperform and $117 price target.
INTU Intuit
$270.01

-3.38 (-1.24%)

10/21/19
JEFF
10/21/19
NO CHANGE
JEFF
High growth software valuations to contract further, says Jefferies
High growth software valuations are now trading above terminal M&A multiples, suggesting we still have more room for multiple contraction, Jefferies analyst Brent Thill tells investors in a research note. As such, the analyst expects the short term correction will continue "given multiples remain elevated even with last week's correction." Thill favors platform names with attractive growth and reasonable valuations like Microsoft (MSFT), Salesforce (CRM) and Intuit (INTU). He also favors names like SailPoint (SAIL), Zuora (ZUO), and Varonis (VRNS). The analyst believes these names have the potential for revenue reacceleration over the next year.
10/22/19
10/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Electronic Arts (EA) downgraded to Equal Weight from Overweight at Barclays with analyst Deepak Mathivanan saying the shares are currently trading below the middle of their historical valuation range, but the discount is justified. 2. Main Street (MAIN) downgraded to Market Perform from Outperform at Raymond James with analyst Robert Dodd citing valuation. 3. Lloyds Banking (LYG) downgraded to Neutral from Buy at Citi with analyst Andrew Coombs saying the stocks of U.K. banks are already pricing in a more favorable Brexit outcome. 4. Textron (TXT) downgraded to Neutral from Buy at BofA/Merrill with analyst Ronald Epstein saying he was previously more constructive on signs of a recovery in the business jet end market along with stronger company operations, but now sees a "softening" end market and a more "lackluster" operating recovery. 5. Intuit (INTU) downgraded to In Line from Outperform at Evercore ISI with analyst Kirk Materne citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/22/19
EVER
10/22/19
DOWNGRADE
EVER
In Line
Intuit downgraded to In Line from Outperform at Evercore ISI
Evercore ISI analyst Kirk Materne downgraded Intuit to In Line from Outperform as he believes the current valuation better reflects Intuit's "platform" opportunity with both TurboTax Live and QuickBooks Live. However, he remains bullish on Inuit's tax opportunity as the company continues to take share, Materne noted.
10/22/19
EVER
10/22/19
DOWNGRADE
EVER
In Line
Intuit downgraded to In Line from Outperform at Evercore ISI

TODAY'S FREE FLY STORIES

PNC

PNC Financial

$158.60

-0.3 (-0.19%)

, PYPL

PayPal

$107.68

2.01 (1.90%)

13:57
12/14/19
12/14
13:57
12/14/19
13:57
Periodicals
PNC clients having trouble connecting to PayPal's Venmo, WSJ reports »

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PNC

PNC Financial

$158.60

-0.3 (-0.19%)

PYPL

PayPal

$107.68

2.01 (1.90%)

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  • 18

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    Jan

BRK.A

Berkshire Hathaway

$338,250.51

-992.49 (-0.29%)

, CMCSA

Comcast

$43.59

0.57 (1.33%)

07:44
12/14/19
12/14
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07:44
Periodicals
Berkshire, Anthem among Barron's top 10 stock picks for 2020 »

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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

$57.41

-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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PCG

PG&E

$11.26

-0.49 (-4.17%)

07:38
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12/14
07:38
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07:38
Hot Stocks
California Governor says PG&E restructuring plan 'falls woefully short' »

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  • 07

    Jan

MYGN

Myriad Genetics

$25.58

0.58 (2.32%)

07:31
12/14/19
12/14
07:31
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07:31
Hot Stocks
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
12/14/19
12/14
07:30
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Hot Stocks
Tutor Perini 'disappointed,' will appeal jury verdict in SR 99 Alaskan Way case »

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BLRX

BioLineRx

$2.38

-0.23 (-8.81%)

, BD

Budget Group

$0.00

(0.00%)

04:55
12/14/19
12/14
04:55
12/14/19
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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  • 17

    Dec

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  • 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
12/14/19
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
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Citigroup
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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
12/14/19
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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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%)

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  • 17

    Dec

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  • 23

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    Jan

  • 24

    Jan

  • 29

    Jan

WFT

Weatherford

$0.00

(0.00%)

18:49
12/13/19
12/13
18:49
12/13/19
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
12/13
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18:40
Hot Stocks
Centene CEO: Our big markets are growing, we're gaining share »

In an interview on…

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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
12/13
18:29
12/13/19
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
18:23
12/13/19
18:23
Hot Stocks
Anaplan CEO: Digitization has really started to accelerate »

In an interview on…

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

In a regulatory filing,…

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HZNP

Horizon Pharma

$32.84

(0.00%)

17:36
12/13/19
12/13
17:36
12/13/19
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…

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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
17:27
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%)

03/08/13
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03/06/13
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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%)

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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…

03/08/13
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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%)

03/08/13
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  • 23

    Mar

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