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HPQ

HP Inc.

$19.83

-0.325 (-1.61%)

, VMW

VMware

$166.81

-1.77 (-1.05%)

13:18
11/26/19
11/26
13:18
11/26/19
13:18

Notable companies reporting after market close

Notable companies reporting after the market close, with earnings consensus, include HP Inc. (HPQ), consensus 58c... VMware (VMW), consensus $1.43... Dell Technologies (DELL), consensus $1.62... Autodesk (ADSK), consensus 72c... Box (BOX), consensus (1c).

HPQ

HP Inc.

$19.83

-0.325 (-1.61%)

VMW

VMware

$166.81

-1.77 (-1.05%)

DELL

Dell Technologies

$54.31

-0.745 (-1.35%)

ADSK

Autodesk

$170.42

1.58 (0.94%)

BOX

Box

$16.74

0.26 (1.58%)

  • 26

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    Dec

HPQ HP Inc.
$19.83

-0.325 (-1.61%)

11/25/19
JPMS
11/25/19
NO CHANGE
Target $19
JPMS
Neutral
HP Inc. risks skewed to downside near-term, says JPMorgan
JPMorgan analyst Paul Coster says that while HP Inc.'s (HPQ) "likely frosty" response to what could evolve into a hostile bid from Xerox (XRX) is probably the main focus of investors into the fiscal Q4 results, the stock's near-term risks are skewed to the downside. The print itself is unlikely to strengthen HP's case for independence if continued declines in the high-margin printer segment shift sentiment in favor of "urgent cost-cutting of the kind already instituted by Xerox," Coster tells investors in a research note. He believes a "bad print" could reinforce the view that HP's personal and office printer business is in secular decline, whether or not combined with that of Xerox. Coster keeps an Underweight rating on HP Inc. shares with a $19 price target.
11/22/19
DBAB
11/22/19
NO CHANGE
DBAB
Hold
HP, Xerox deal 'continues to be in play,' says Deutsche Bank
While admitting there is a bit of a "he said, she said" dynamic playing out, Deutsche Bank analyst Jeriel Ong sees the interaction between HP Inc. (HPQ) and Xerox (XRX) as a "positive indicator that some kind of a deal continues to be in play." The analyst, who says he has no incremental information to discern whether Xerox's claim that HP has not agreed to mutual diligence as a delay tactic holds merit or not, believes that a combined company makes more sense with HP as the acquirer rather than the target.
11/25/19
LOOP
11/25/19
NO CHANGE
Target $47
LOOP
Buy
Xerox price target raised to $47 from $42 at Loop Capital
Loop Capital analyst Ananda Baruah raised his price target on Xerox (XRX) to $47 and kept his Buy rating, saying that regardless of the outcome of its efforts to acquire HP Inc (HPQ), his recent discussion with its management has made him more bullish on the company's prospects. The analyst sees the new management committed to "creativity, sophistication, and velocity for creating both company and equity value", adding that at 9.3-times enterprise value to expected free cash flow, the stock offers "inherent" free cash flow value.
11/18/19
DBAB
11/18/19
NO CHANGE
DBAB
Hold
HP letter to Xerox indicates openness in combination, says Deutsche Bank
Deutsche Bank analyst Jeriel Ong says that while HP Inc.'s (HPQ) offer rejection reduces the odds of Xerox (XRX) being the acquirer, he believes the letter also communicates the openness HP has in evaluating a combination. It is unclear whether Xerox increasing the offer price would improve the odds of a combination as HPQ is already concerned about debt load at the $22 per share offer, Ong tells investors in a research note. The analyst continues to believe that a combination makes sense with HP as the acquirer rather than the target. He keeps a Hold rating on HP.
VMW VMware
$166.81

-1.77 (-1.05%)

11/21/19
NOMU
11/21/19
INITIATION
Target $60
NOMU
Neutral
Nomura starts Dell at Neutral, says 'not compelling' without VMware
Nomura Instinet analyst Jeffrey Kvaal initiated coverage of Dell Technologies (DELL) with a Neutral rating and $60 price target. The analyst believes "classic Dell has positives that may fade," threatened by public cloud growth, and notes that Dell is exposed to a softening macro climate. As such, investors may choose to invest in VMware's (VMW) growth directly, Kvaal tells investors in a research note. The analyst says Dell is "not compelling" without VMware.
10/11/19
OPCO
10/11/19
NO CHANGE
OPCO
Oppenheimer lowers price targets for MongoDB, Twilio, New Relic ahead of reports
Oppenheimer analyst Ittai Kidron said he expects solid results from the Analytics, Collaboration, and Infrastructure software group, though upside may be more constrained given several vendors face tougher year-over year comparisons and it seems investors have become more sensitive to high valuations. While he said MongoDB (MDB), Twilio (TWLO), Smartsheet (SMAR) and Elastic (ESTC) remain top picks, he sees lower near-term upside given tough comps in the second half and sees them as better positioned to deliver bigger upside in calendar 2020, Kidron tells investors in his group preview. Ahead of results from the group, Kidron lowered his price target for MongoDB to $155 from $180, for Twilio to $145 from $160 and for New Relic (NEWR) to $80 from $85. He also noted that he is bullish on Alteryx (AYX), Atlassian (TEAM) and VMware (VMW).
10/16/19
MSCO
10/16/19
NO CHANGE
MSCO
Morgan Stanley trims targets for 'high multiple' software stocks amid pullback
Morgan Stanley analyst Keith Weiss, Stan Zlotsky and others in the firm's Software team noted that software stocks have pulled back 23% on average from their 52-week highs, which they attribute to a combination of high growth software multiples being at historical peaks, a volatile macro environment and sector rotations away from momentum names. Though they think the pullback raises the question of whether it is time to start buying software again, the analysts note that high growth multiples are still well above historical averages and the firm's Q3 CIO survey is suggesting a steep deceleration in software spending growth into 2020. Given those facts, as well as difficult second half comps for numerous companies in the space, they see unfavorable risk/rewards for "a lot of the high fliers," the analysts said. The team has lowered their price targets for Liveramp (RAMP) to $58 from $64, for Workiva (WK) to $42 from $46, for PagerDuty (PD) to $34 from $43, for MongoDB (MDB) to $150 from $160, for Yext (YEXT) to $15 from $16 and for VMware (VMW) to $170 from $188.
11/04/19
PIPR
11/04/19
INITIATION
Target $29
PIPR
Neutral
Nutanix assumed with a Neutral at Piper Jaffray
Piper Jaffray analyst James Fish assumed coverage of Nutanix (NTNX) with a Neutral rating and $29 price target. Competition, particularly from VMware (VMW), is a "major concern," Fish tells investors in a research note. Further, Nutanix's current model of spending more incremental dollars on sales and marketing than the incremental billings/revenue is not sustainable, and does not properly balance growth and margin, says the analyst. He would become more constructive on the shares with a return to "consistent execution."
DELL Dell Technologies
$54.31

-0.745 (-1.35%)

11/21/19
11/21/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Noble Energy (NBL) initiated with a Buy at MKM Partners. 2. Smith & Nephew (SNN) initiated with a Buy at Citi. 3. Dell Technologies (DELL) initiated with a Neutral at Nomura Instinet. 4. Virgin Galactic (SPCE) initiated with an Outperform at Credit Suisse. 5. Alector (ALEC) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/21/19
NOMU
11/21/19
INITIATION
Target $60
NOMU
Neutral
Dell Technologies initiated with a Neutral at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal initiated coverage of Dell Technologies with a Neutral rating and $60 price target.
08/30/19
FBCO
08/30/19
NO CHANGE
FBCO
Dell Technologies price target raised to $61 from $58 at Credit Suisse
Credit Suisse analyst Matthew Cabral maintained a Neutral rating on Dell Technologies, but raised his price target on shares to $61 from $58 following the company's "better-than-expected" Q2 earnings results. Despite the sizeable EPS beat, the analyst is concerned by management commentary indicating a "more aggressive pricing environment" in he second half of the year, especially considering margins have been a key offset for Dell and the wider industry.
ADSK Autodesk
$170.42

1.58 (0.94%)

11/20/19
MZHO
11/20/19
NO CHANGE
Target $190
MZHO
Buy
Autodesk price target raised to $190 from $160 at Mizuho
Mizuho analyst Matthew Broome raised his price target for Autodesk to $190 from $160 and keeps a Buy rating on the shares after attending the company's annual user conference. A customer panel highlighted enthusiasm for emerging Autodesk technologies such as generative design, says the analyst, whose checks at the event were "mildly positive." He continues to see "multiple long-term growth drivers" that should help the company to outperform underlying market growth rates.
11/12/19
STFL
11/12/19
NO CHANGE
Target $160
STFL
Buy
Autodesk checks more positive than last quarter ahead of Q3, says Stifel
Stifel analyst Adam Borg said his checks with four Autodesk platinum channel partners ahead of the company's upcoming Q3 report on November 26 showed that sentiment had improved quarter-over-quarter. Three of the four are now expecting full year results ahead of expectations entering the quarter, Borg added. The analyst, who expects Autodesk to deliver at least in-line results and reaffirm FY20 guidance, keeps a Buy rating and $160 price target on the stock.
11/12/19
BARD
11/12/19
NO CHANGE
Target $177
BARD
Outperform
Autodesk elevated to Fresh Pick on near-term setup, says Baird
Baird analyst Rob Oliver said the Q3 results for Autodesk were better than feared and he now likes the setup in the near-term. The analyst said he is positive on the overall spending environment for Autodesk software with AEC peers reporting strong double-digit software growth. He said the upcoming events could provided catalysts for the stock causing him to elevate the shares to Fresh Pick. Oliver reiterated his Outperform rating and $177 price target on Autodesk shares.
11/22/19
OPCO
11/22/19
NO CHANGE
Target $175
OPCO
Outperform
Autodesk should meet or exceed Q3 consensus estimates, says Oppenheimer
Oppenheimer analyst Koji Ikeda maintained an Outperform rating and $175 price target on Autodesk ahead of the company's Q3 results, saying he expects results should at least meet and will likely exceed consensus growth and profitability estimates. In a research note to investors, Ikeda says he thinks Autodesk is positioned to take share in the large digital replatforming opportunity currently disrupting the construction industry, which should drive good growth and cash generation for Autodesk in the future.
BOX Box
$16.74

0.26 (1.58%)

11/12/19
JMPS
11/12/19
DOWNGRADE
JMPS
Market Perform
Box downgraded to Market Perform from Outperform at JMP Securities
JMP Securities analyst Erik Suppiger downgraded Box to Market Perform from Outperform. The analyst attributes the rating change to concerns that after the challenging October quarter, the pipeline of the company's business has slowed. While his earnings forecasts are moving higher to reflect the company's cost-cutting actions, Suppiger adds that with enterprise value to expected 2021 revenue at a 3.2-times multiple, Box shares are "fairly valued".
11/12/19
JMPS
11/12/19
DOWNGRADE
JMPS
Market Perform
Box downgraded to Market Perform from Outperform at JMP Securities
JMP Securities analyst Erik Suppiger downgraded Box to Market Perform from Outperform.
10/10/19
BREN
10/10/19
INITIATION
Target $18
BREN
Hold
Box initiated with a Hold rating at Berenberg
Berenberg analyst Brett Knoblauch initiated coverage of Box with a Hold rating and $18 price target.
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.

TODAY'S FREE FLY STORIES

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Exponent

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AMRN

Amarin

$23.91

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MSFT

Microsoft

$154.18

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$NSD

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10:17
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$NYE

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OCFT

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LMAT

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$35.48

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