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DLPH

Delphi Technologies

$12.53

0.06 (0.48%)

, MRO

Marathon Oil

$11.83

0.21 (1.81%)

09:55
12/02/19
12/02
09:55
12/02/19
09:55

Early notable gainers among liquid option names on December 2nd

Notable gainers among liquid option names this morning include Delphi (DLPH) $13.00 +0.54, Marathon Oil (MRO) $11.99 +0.33, PG&E (PCG) $7.69 +0.21, Alcoa (AA) $20.88 +0.53, and Diamond Offshore (DO) $5.77 +0.14.

DLPH

Delphi Technologies

$12.53

0.06 (0.48%)

MRO

Marathon Oil

$11.83

0.21 (1.81%)

PCG

PG&E

$7.59

0.07 (0.93%)

AA

Alcoa

$20.60

0.16 (0.78%)

DO

Diamond Offshore

$5.66

0.03 (0.53%)

  • 07

    Jan

DLPH Delphi Technologies
$12.53

0.06 (0.48%)

11/04/19
11/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. McDonald's (MCD) downgraded to Neutral from Overweight at Piper Jaffray with analyst Nicole Miller Regan saying while the company's fundamentals are solid, CEO changes "of this magnitude tend to be disruptive." 2. Verizon (VZ) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying AT&T's (T) new price reductions, and T-Mobile's (TMUS) likely response, reduces visibility into Verizon's near-term growth trajectory. 3. Delphi Technologies (DLPH) downgraded to Equal Weight from Overweight at Barclays with analyst Brian Johnson saying the company's Q3 results, while not terrible," introduced a "handful of warning signals" that give pause when thinking through the company's transition path over the next two years. 4. Papa John's (PZZA) downgraded to Hold from Buy at Jefferies with analyst Alexander Slagle saying the company is on the path to recovery, but the stock now reflects this trajectory as well as the potential for its same-store-sales to turn modestly positive in Q4 and 2020. 5. Harley-Davidson (HOG) downgraded to Underweight from Sector Weight at KeyBanc with analyst Brett Andress citing dealer checks, deteriorating new and used conditions and a lack of near-term catalysts for the downgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/04/19
LEHM
11/04/19
DOWNGRADE
Target $13
LEHM
Equal Weight
Delphi Technologies downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Brian Johnson downgraded Delphi Technologies to Equal Weight from Overweight with a $13 price target.
11/01/19
OPCO
11/01/19
DOWNGRADE
OPCO
Perform
Delphi Technologies downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Noah Kaye downgraded Delphi Technologies to Perform from Outperform and removed his $20 price target after the company laid out a transformational plan to achieve $150M in operating cost savings by 2022 while lowering FY19 outlook and pointing directionally to lower FY20 sales amid challenging market dynamics. The analyst tells investors in a research note that he sees fewer company-specific catalysts over the next 12-18 months.
11/04/19
LEHM
11/04/19
DOWNGRADE
Target $13
LEHM
Equal Weight
Barclays downgrades Delphi Technologies, cuts target to $13 from $23
Barclays analyst Brian Johnson downgraded Delphi Technologies to Equal Weight from Overweight with a price target of $13, down from $23. The company's Q3 results, while not terrible," introduced a "handful of warning signals" that give pause when thinking through the company's transition path over the next two years, Johnson tells investors in a research note. Delphi lowered Q4 guidance, unveiled a multi-year restructuring plan and indicated that 2020 growth and margins would again come under pressure after an already "transitionary" 2019, says the analyst. As such, he suspects the company's "mid-term portfolio transition may be more painful than the market is bracing for."
MRO Marathon Oil
$11.83

0.21 (1.81%)

09/24/19
TUDR
09/24/19
DOWNGRADE
Target $16
TUDR
Hold
Marathon Oil downgraded to Hold from Buy at Tudor Pickering
Tudor Pickering analyst Matthew Portillo downgraded Marathon Oil to Hold from Buy and lowered his price target on the shares to $16 from $18.
11/26/19
GUGG
11/26/19
INITIATION
GUGG
Neutral
Marathon Oil initiated with a Neutral at Guggenheim
Guggenheim analyst Subash Chandra initiated coverage of Marathon Oil with a Neutral rating.
11/26/19
11/26/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Disney (DIS) initiated with an Overweight at Consumer Edge. 2. McDonald's (MCD) initiated with a Hold at Deutsche Bank. 3. IMV Inc. (IMV) initiated with an Outperform at Oppenheimer. 4. Fortress Transportation (FTAI) initiated with a Buy at B. Riley FBR. 5. Marathon Oil (MRO) initiated with a Neutral at Guggenheim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/24/19
09/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Altra Industrial Motion (AIMC) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jeffrey Hammond saying around $400M of Altra's revenue, or 20% of total sales, derives from Class 8 Truck and Industrial-Germany, markets which could decline 15% year-over-year in 2020. 2. Brinker (EAT) downgraded to Neutral from Overweight at JPMorgan with analyst John Ivankoe saying he recommends taking short-term profits in the shares. 3. Marathon Oil (MRO) downgraded to Hold from Buy at Tudor Pickering. 4. Park Hotels & Resorts (PK) downgraded to an Underweight from Neutral at JPMorgan with analyst Brandt Montour saying he views the lodging real estate investment trust as relatively unattractive compared to the lodging C-corps. 5. Blackstone (BX) downgraded to Perform from Outperform at Oppenheimer with analyst Chris Kotowski saying the stock is up 79% year to date versus up 18% year to date for the S&P 500 and reached his price objective. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PCG PG&E
$7.59

0.07 (0.93%)

11/19/19
SBSH
11/19/19
NO CHANGE
Target $5
SBSH
Sell
PG&E filing shows reduced financing commitment, says Citi
PG&E filed an 8-K highlighting a redo of its financing commitments, Citi analyst Praful Mehta tells investors in a research note. The filing included a lower financing commitment of $12B versus $14B earlier, with $7.4B secured to date, adds the analyst. He believes the reduced commitment could reflect concern from some investors. Mehta reiterates a Sell rating on PG&E shares with a $5 price target.
11/12/19
SBSH
11/12/19
NO CHANGE
Target $5
SBSH
Sell
PG&E may offer both cash and stock to to TCC, says Citi
Citi analyst Praful Mehta notes that PG&E looking to offer the Tort Claimants Committee $13.5B, as reported yesterday by Bloomberg, would be the same amount that the bondholders have offered. It may be possible that PG&E offers a combination of cash and stock to the TCC to limit the size of the rights offering, Mehta tells investors in a research note. The value at which these shares are issued will also be a question, adds the analyst. He believes PG&E's total equity raise would be $27B, assuming holdco debt financing capacity of $4B. The analyst assumes a pro forma stock price of $4.80 per share with rights at $3.90 per share. Mehta keeps a Sell rating on PG&E with a $5 price target.
10/28/19
WOLF
10/28/19
DOWNGRADE
Target $19
WOLF
Peer Perform
Clearway Energy downgraded to Peer Perform on PG&E risk at Wolfe Research
Wolfe Research analyst Steve Fleishman downgraded Clearway Energy (CWEN) to Peer Perform from Outperform with a price target of $19, down from $21. The analyst notes Clearway has the most exposure to PG&E (PCG) with 30% of consolidated CAFD derived from the company.
10/25/19
MSCO
10/25/19
NO CHANGE
Target $16
MSCO
Equal Weight
Morgan Stanley says report raises risk that PG&E equipment involved in fire
Morgan Stanley analyst Stephen Byrd said PG&E filed an incident report on Thursday evening about the Kincade Fire which contained details that, while not necessarily indicating that the utility's equipment caused the fire, raise the risk that PG&E equipment could have been involved. He has an Equal Weight rating and $16 price target on PG&E shares, which are down about 20% to $5.72 at time of writing, off their worst levels from earlier in the pre-market session.
AA Alcoa
$20.60

0.16 (0.78%)

11/07/19
MSCO
11/07/19
INITIATION
Target $25
MSCO
Equal Weight
Alcoa assumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Carlos De Alba assumed coverage of Alcoa with an Equal Weight rating and $25 price target as part of his assumption of coverage of the NA Metals & Mining industry with an Attractive view. While his analysis shows the "unloved" mining sector has outperformed in prior periods of low PMIs and recession risks, the analyst sees limited upside to his price target for Alcoa.
11/13/19
BOFA
11/13/19
DOWNGRADE
BOFA
Underperform
Alcoa downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Alcoa to Underperform from Neutral.
11/13/19
BOFA
11/13/19
DOWNGRADE
Target $21
BOFA
Underperform
Alcoa downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Timna Tanners downgraded Alcoa to Underperform from Neutral with a $21 price target. The analyst cites limited catalysts and a cautious aluminum view, adding that while the stock price has risen about 16% since reporting Q3, aluminum price was up only about 6% in that time frame. Tanners adds that investors may be "overly enthusiastic" regarding the cost savings implied in the company's review.
11/13/19
11/13/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Skyworks (SWKS) downgraded to Hold from Buy at Canaccord with analyst T. Michael Walkley saying he believes the company is well positioned to grow faster than the broader semi market for the next several years due to smartphone mix among Chinese OEMs requiring integrated Rf solutions, growing IoT opportunities, and the ramping 5G market opportunities. 2. D.R. Horton (DHI) downgraded to Neutral from Buy at Buckingham. 3. Diplomat Pharmacy (DPLO) downgraded to Equal Weight from Overweight at Barclays with analyst Steven Valiquette saying Diplomat's strategic review is ongoing, which could lead to a sale of the entire company, or simultaneous asset sales that could unlock value. 4. Alcoa (AA) downgraded to Underperform from Neutral at BofA/Merrill with analyst Timna Tanners citing limited catalysts and a cautious aluminum view, adding that while the stock price has risen about 16% since reporting Q3, aluminum price was up only about 6% in that time frame. 5. J.M. Smucker (SJM) downgraded to Underperform from Neutral at Credit Suisse with analyst Robert Moskow saying with consensus already below management's FY20 guidance of $8.35-$8.55, it is fair to say that J.M. Smucker is already an out-of-favor stock, but he believes that consensus and the market underestimate the extent to which earnings will need to be revised lower as structural challenges continue to mount. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DO Diamond Offshore
$5.66

0.03 (0.53%)

10/24/19
NORD
10/24/19
UPGRADE
NORD
Hold
Diamond Offshore upgraded to Hold from Sell at Nordea
Nordea analyst Janne Kvernland upgraded Diamond Offshore to Hold from Sell.
09/25/19
RBCM
09/25/19
DOWNGRADE
Target $10
RBCM
Sector Perform
Diamond Offshore downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Kurt Hallead downgraded Diamond Offshore to Sector Perform from Outperform and lowered his price target for the shares to $10 from $11.
09/25/19
09/25/19
DOWNGRADE
Target $10

Sector Perform
Diamond Offshore downgraded to Sector Perform from Outperform at RBC Capital
As previously reported, RBC Capital analyst Kurt Hallead downgraded Diamond Offshore to Sector Perform from Outperform and lowered his price target for the shares to $10 from $11. The analyst notes that while activity and pricing have seen signs of "definitive improvement", the pace of recovery has been slower than anticipated, which pushed out the timeline for the company to become free cash flow positive. Hallead still sees Diamond Offshore with the "least capital structure risk" and the most contract visibility within his coverage.
10/21/19
FERN
10/21/19
DOWNGRADE
Target $6
FERN
Hold
Diamond Offshore downgraded to Hold from Buy at Fearnley
Fearnley analyst Truls Olsen downgraded Diamond Offshore to Hold from Buy with a $6 price target.

TODAY'S FREE FLY STORIES

AKZOY

AkzoNobel

$0.00

(0.00%)

06:30
12/12/19
12/12
06:30
12/12/19
06:30
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CGNX

Cognex

$52.45

1.51 (2.96%)

06:30
12/12/19
12/12
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06:30
Initiation
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COLD

Americold Realty Trust

$35.03

-0.66 (-1.85%)

, INVH

Invitation Homes

$29.46

-0.42 (-1.41%)

06:29
12/12/19
12/12
06:29
12/12/19
06:29
Recommendations
Americold Realty Trust, Invitation Homes analyst commentary  »

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COLD

Americold Realty Trust

$35.03

-0.66 (-1.85%)

INVH

Invitation Homes

$29.46

-0.42 (-1.41%)

03/08/13
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WSG

Wanda Sports

$2.82

-0.01 (-0.35%)

06:28
12/12/19
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06:28
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GKOS

Glaukos

$57.32

-1.895 (-3.20%)

, SPNE

SeaSpine

$12.00

-0.58 (-4.61%)

06:27
12/12/19
12/12
06:27
12/12/19
06:27
Downgrade
Glaukos, SeaSpine, Merit Medical, Medtronic, Teleflex rating change  »

SeaSpine, Glaukos…

GKOS

Glaukos

$57.32

-1.895 (-3.20%)

SPNE

SeaSpine

$12.00

-0.58 (-4.61%)

MMSI

Merit Medical

$29.99

0.69 (2.35%)

MDT

Medtronic

$111.67

0.62 (0.56%)

TFX

Teleflex

$354.93

1.18 (0.33%)

03/08/13
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03/06/13
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  • 18

    Feb

REG

Regency Centers

$62.65

-1.6 (-2.49%)

06:27
12/12/19
12/12
06:27
12/12/19
06:27
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Regency Centers rating change  »

Regency Centers…

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WRI

Weingarten Realty

$31.03

-0.41 (-1.30%)

06:26
12/12/19
12/12
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06:26
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PLCE

Children's Place

$54.36

-16.31 (-23.08%)

06:25
12/12/19
12/12
06:25
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06:25
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Children's Place rating change  »

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O

Realty Income

$74.56

-1.08 (-1.43%)

06:24
12/12/19
12/12
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06:24
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ADC

Agree Realty

$70.90

-1.34 (-1.85%)

06:23
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12/12
06:23
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06:23
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VICI

VICI Properties

$24.70

-0.17 (-0.68%)

06:22
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12/12
06:22
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06:22
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VICI Properties rating change  »

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03/08/13
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UDR

UDR, Inc.

$46.80

-0.95 (-1.99%)

06:21
12/12/19
12/12
06:21
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06:21
Upgrade
UDR, Inc. rating change  »

UDR, Inc. upgraded to Buy…

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  • 12

    Dec

DOC

Physicians Realty Trust

$18.64

-0.35 (-1.84%)

06:19
12/12/19
12/12
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06:19
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  • 12

    Dec

HR

Healthcare Realty Trust

$32.85

-0.59 (-1.76%)

06:18
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12/12
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06:18
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AMZN

Amazon.com

$1,749.00

9.85 (0.57%)

06:18
12/12/19
12/12
06:18
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06:18
Periodicals
Amazon sells children's smartwatches that are 'so easy to hack,' BI reports »

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SFTBF

SoftBank

$0.00

(0.00%)

06:16
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12/12
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06:16
Periodicals
SoftBank Vision Fund managing partner to leave company, Business Insider says »

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NBIX

Neurocrine

$113.26

-0.32 (-0.28%)

06:15
12/12/19
12/12
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06:15
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EXAS

Exact Sciences

$85.16

-0.25 (-0.29%)

06:13
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06:13
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YETI

Yeti

$31.82

1.19 (3.89%)

06:12
12/12/19
12/12
06:12
12/12/19
06:12
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Yeti analyst commentary  »

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GM

General Motors

$35.23

0.13 (0.37%)

06:12
12/12/19
12/12
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12/12/19
06:12
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CEO of GM's Cruise unit hints at offering low-cost shared rides »

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  • 07

    Jan

WST

West Pharmaceutical

$146.54

1.07 (0.74%)

06:11
12/12/19
12/12
06:11
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06:11
Downgrade
West Pharmaceutical rating change  »

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LULU

Lululemon

$233.31

3.75 (1.63%)

06:09
12/12/19
12/12
06:09
12/12/19
06:09
Recommendations
Lululemon analyst commentary  »

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INTC

Intel

$57.04

0.43 (0.76%)

, IBM

IBM

$133.81

-0.12 (-0.09%)

06:09
12/12/19
12/12
06:09
12/12/19
06:09
Periodicals
Intel hires former GlobalFoundries CTO Gary Patton, Reuters reports »

Intel (INTC) has hired…

INTC

Intel

$57.04

0.43 (0.76%)

IBM

IBM

$133.81

-0.12 (-0.09%)

03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

HD

Home Depot

$211.96

-3.88 (-1.80%)

06:06
12/12/19
12/12
06:06
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06:06
Downgrade
Home Depot rating change  »

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03/06/13
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  • 25

    Feb

JPM

JPMorgan

$134.17

-0.31 (-0.23%)

06:06
12/12/19
12/12
06:06
12/12/19
06:06
Periodicals
JPMorgan to revamp wealth management business, WSJ reports »

JPMorgan is combining its…

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  • 14

    Jan

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