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UBER

Uber

$29.13

-0.44 (-1.49%)

09:33
11/26/19
11/26
09:33
11/26/19
09:33

Uber challenges in London and with safety aren't new, says Morgan Stanley

Morgan Stanley analyst Brian Nowak said the safety issues that Transport for London highlighted in its decision to not extend Uber's license as a private hire operator are not new, nor are challenges in London. Additionally, he sees the safety issues that TfL highlighted as impacting a very small percent of trips and believes the company has been developing facial recognition technology for London and all of its fleet that is among the reason he believes safety will eventually be a competitive advantage for Uber. Nowak keeps an Overweight rating and $55 price target on Uber shares and said the stock remains a top pick for 2020.

  • 04

    Dec

  • 04

    Dec

UBER Uber
$29.13

-0.44 (-1.49%)

11/22/19
STFL
11/22/19
UPGRADE
Target $34
STFL
Buy
Stifel upgrades Uber to Buy from Hold on improving fundamentals
Stifel analyst Scott Devitt upgraded Uber Technologies to Buy from Hold with an unchanged price target of $34. The stock closed Thursday up 5%, or $1.43, to $29.46. Uber's business fundamentals are "showing signs of sustainable improvement" while the current valuation "offers a more reasonable entry point," Devitt tells investors in a research note titled "Turning the Corner." The analyst believes the ridesharing market has experienced "faster-than-expected competitive rationalization" and that Uber demonstrated an accelerated path to profitability. Further, better segment-level disclosure leaves him more constructive on the core Rides fundamentals, and he notes that Uber management has communicated a willingness to exit losing parts of the business. Devitt continues to believe Uber is "addressing significant transportation and food delivery market opportunities globally."
11/22/19
11/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Duke Energy (DUK) double upgraded to Buy from Sell at Goldman Sachs with analyst Michael Lapides saying the shares lagged the sector index by 18% this year and most negative catalysts have already played out. 2. Uber (UBER) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying Uber's business fundamentals are "showing signs of sustainable improvement" while the current valuation "offers a more reasonable entry point." 3. L Brands (LB) upgraded to In Line from Underperform at Evercore ISI. 4. Site Centers (SITC) upgraded to Buy from Hold at Stifel with analyst Simon Yarmak saying he feels the "significant progress" made over the last couple of years, combined with the company's improved balance sheet, has set the company up to grow in the near-term, and should result in the company outperforming its peers over the next year. 5. Applied DNA Sciences (APDN) upgraded to Buy from Hold at Maxim. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/25/19
LOOP
11/25/19
NO CHANGE
Target $41
LOOP
Buy
Uber price target lowered to $41 from $48 at Loop Capital
Loop Capital analyst Jeffrey Kauffman lowered his price target on Uber to $41 but keeps his Buy rating and contends that the recent selling pressure has created an attractive entry opportunity. The analyst notes that the "significant revaluation" on Uber shares is driven by "sector-wide reduction in risk appetite" and lock-up expiration concerns rather than the company's business fundamentals. Kauffman recommends that investors accumulate the stock as lock-up selling starts to pass, adding that the "rational competition in US Rides" is a "very positive" which also offsets the competitive behavior in dynamic in the company's Eats and international Rides businesses.
11/26/19
MZHO
11/26/19
NO CHANGE
Target $45
MZHO
Buy
Uber likely to prevail in court after London suspension, says Mizuho
Mizuho analyst James Lee believes Uber Technologies will likely prevail in the courts after Transport for London declined its license renewal. The driver safety issue is immaterial relative to total rides in London, and Uber already resolved the problem, Lee tells investors in a research note. Further, Uber has a positive history of winning court decisions, gaining a provisional license in 2018, adds the analyst. He also thinks the appeal process should be less difficult this year "as the scope and scale of concerns are much smaller than last year." Lee believes Uber shares are undervalued and keeps a Buy rating on the name with a $45 price target.

TODAY'S FREE FLY STORIES

WFT

Weatherford

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CNC

Centene

$57.71

-0.81 (-1.38%)

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LYV

Live Nation

$64.24

-5.205 (-7.50%)

, ZBRA

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$257.82

-0.32 (-0.12%)

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AMG

Affiliated Managers

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TRIP

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OAS

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SWN

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UNT

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FTR

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  • 26

    Feb

  • 23

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PLAN

Anaplan

$51.80

1.44 (2.86%)

18:23
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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
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18:08
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18:08
Periodicals
WPX Energy in talks to acquire Felix Energy assets for $2.5B, Bloomberg says »

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  • 23

    Mar

HLIT

Harmonic

$7.94

-0.25 (-3.05%)

17:47
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Hot Stocks
Harmonic CFO sells 28K shares of common stock »

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HZNP

Horizon Pharma

$32.84

(0.00%)

17:36
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Breaking Hot Stocks news story on Horizon Pharma »

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  • 13

    Dec

  • 08

    Mar

AMRN

Amarin

$24.12

1.12 (4.87%)

17:33
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17:33
Hot Stocks
Breaking Hot Stocks news story on Amarin »

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  • 28

    Dec

THMO

ThermoGenesis

$2.88

(0.00%)

17:31
12/13/19
12/13
17:31
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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
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17:30
Hot Stocks
Breaking Hot Stocks news story on Amarin 

Amarin trading resumes

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  • 28

    Dec

QTNT

Quotient

$8.60

-0.165 (-1.88%)

17:28
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17:28
Syndicate
Breaking Syndicate news story on Quotient »

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ARWR

Arrowhead

$66.47

-0.91 (-1.35%)

, GVA

Granite Construction

$26.21

-1.335 (-4.85%)

17:27
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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
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Hot Stocks
Oasis, Southwestern to replace Unit Corp., Frontier in S&P 600 at open on 12/23 »

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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
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  • 28

    Dec

LOPE

Grand Canyon

$89.24

-0.86 (-0.95%)

, LEA

Lear

$129.43

-0.84 (-0.64%)

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Grand Canyon, Lear to replace Oasis, Southwestern in S&P 400 at open on 12/23 »

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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
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Hot Stocks
Raytheon awarded $123.53M Navy contract modification »

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LYV

Live Nation

$64.24

-5.205 (-7.50%)

, ZBRA

Zebra Technologies

$257.82

-0.32 (-0.12%)

17:19
12/13/19
12/13
17:19
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17:19
Hot Stocks
Live Nation, Zebra Technologies, Steris to move to S&P 500 at open on 12/23 »

Live Nation (LYV), Zebra…

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%)

03/08/13
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  • 26

    Feb

BAESY

BAE Systems

$0.00

(0.00%)

17:15
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BAE Systems awarded $249.15M Army contract modification »

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WST

West Pharmaceutical

$146.32

-0.14 (-0.10%)

17:02
12/13/19
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Hot Stocks
West Pharmaceutical announces 848K share repurchase authorization »

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AMRN

Amarin

$24.12

1.12 (4.87%)

17:02
12/13/19
12/13
17:02
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Earnings
Amarin sees FY20 revenue $650M-$700M, consensus $654.55M »

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  • 28

    Dec

IBIO

iBio

$0.22

-0.0179 (-7.43%)

17:01
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Hot Stocks
iBio receives NYSE noncompliance notice »

iBio, Inc. announced that…

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APLT

Applied Therapeutics

$21.23

0.29 (1.38%)

16:59
12/13/19
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Syndicate
Breaking Syndicate news story on Applied Therapeutics »

Applied Therapeutics…

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AMRN

Amarin

$24.12

1.12 (4.87%)

16:59
12/13/19
12/13
16:59
12/13/19
16:59
Earnings
Amarin raises FY19 revenue view to $410M-$425M from $380M-$420M 

FY19 consensus $410.25M.

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  • 28

    Dec

BIO

Bio-Rad

$354.69

-8.005 (-2.21%)

16:56
12/13/19
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16:56
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Bio-Rad progressing from ransomware attack recovery detected on Dec 5th »

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AMRN

Amarin

$24.12

1.12 (4.87%)

16:50
12/13/19
12/13
16:50
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16:50
Hot Stocks
Amarin confirms FDA approval of Vascepa »

Amarin announced that the…

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  • 28

    Dec

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