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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

Intel hires former GlobalFoundries CTO Gary Patton, Reuters reports

Intel (INTC) has hired former GlobalFoundtries Chief Technology Officer Gary Patton, Reuters' Stephen Nellis reports, citing an internal memo. Patton previously spent more than a decade at IBM's (IBM) chip unit. Patton will join Intel as corporate vice president and general manager of design enablement, reporting to Mike Mayberry, Intel's chief technology officer. Reference Link

INTC

Intel

$57.04

0.43 (0.76%)

IBM

IBM

$133.81

-0.12 (-0.09%)

  • 23

    Jan

INTC Intel
$57.04

0.43 (0.76%)

11/21/19
NEED
11/21/19
NO CHANGE
Target $45
NEED
Buy
Vicor Corporation price target raised to $45 from $42 at Needham
Needham analyst N. Quinn Bolton raised his price target on Vicor Corporation (VICR) to $45 and kept his Buy rating, saying the discussion at this week's SC19 Conference has made him "incrementally more positive" on the company's position as a leading supplier of 48V power solutions in the hyperscale data center and HPC markets. The analyst notes that the company appears to have secured design wins on NVIDIA's (NVDA) supercomputer instances as well as Intel's (INTC) Ponte Vecchio 7nm Xe GPU platform. Bolton also states that Vicor's 5-times enterprise value to expected 2021 sales multiple is largely in line with its analog/mixed-signal peer group.
12/02/19
BOFA
12/02/19
NO CHANGE
Target $70
BOFA
Buy
Intel price target raised to $70 from $65 at BofA/Merrill
BofA Merrill Lynch analyst Vivek Arya raised his price target on Intel shares to $70 from $65, noting that his 2020 pro-forma EPS estimate is 10% above consensus. He sees five reasons to stay positive on Intel, including the fact that 2019 will mark the second consecutive year of year-over-year sales growth outperforming core semis and he sees that trend repeating in 2020. The other four reasons to stay positive are Intel's continued opportunity to "right-size" its operating expenses; the company's "monster" buyback authorization; the expanding size of the "computing pie"; and what he views as a compelling valuation given the company's "highly strategic" U.S. assets. Arya keeps a Buy rating on Intel shares.
12/03/19
NOMU
12/03/19
NO CHANGE
NOMU
Nomura Instinet remains selective after monthly semiconductor data
The Semiconductor Industry Association released global semiconductor shipment data for the month of October, Nomura Instinet analyst David Wong tells investors in a research note. The data show a continuation of a seasonal lift in sales, with improving year-over-year numbers being driven primarily by easier year-ago comparisons, according to the analyst. He thinks that while many of the broader chip end markets remain soft, there are some segments that have shown signs of improvement, such as data center processors and semiconductor equipment. As such, Wong remains selective in his stock picks. The analyst reiterates Buy ratings on Intel (INTC), AMD (AMD), Applied Materials (AMAT), KLA-Tencor (KLAC) and Xilinx (XLNX).
12/05/19
MZHO
12/05/19
NO CHANGE
Target $64
MZHO
Buy
Intel checks indicate 'another potential solid' quarter, says Mizuho
Mizuho analyst Vijay Rakesh says his supply chain checks point to "another potential solid" December quarter and first half of 2020 for Intel. The analyst sees better than expected pick-up and sell-through on Cascade Lake, with Intel defending market share. Further, the checks show a push with the Cascade refresh going well and a "much better than seasonal" personal computer environment. Rakesh raised his December quarter earnings per share estimate for Intel to $1.29 from $1.25 and revenue estimate to $19.4B from $19.2B. He reiterates a Buy rating on the shares with a $64 price target.
IBM IBM
$133.81

-0.12 (-0.09%)

10/17/19
STFL
10/17/19
NO CHANGE
Target $169
STFL
Buy
IBM likely to remain a 'show me' story into next year, says Stifel
Stifel analyst David Grossman notes disappointments from IBM's GTS segment and legacy software portfolio in Q3 as likely contributors to the 5% aftermarket decline in the stock despite Red Hat being a positive and the company maintaining its 2019 guidance. The Q3 results suggest stabilization of GTS, and now legacy Cognitive, will be 2020 events, which he thinks means that IBM will likely remain a "show me" story into next year, Grossman tells investors. He keeps a Buy rating and $169 price target on IBM shares.
10/17/19
WELS
10/17/19
NO CHANGE
Target $140
WELS
Market Perform
IBM price target lowered to $140 from $147 at Wells Fargo
Wells Fargo analyst Ed Caso lowered his price target for IBM to $140 from $147 as Q3 "disappoints" on softer GTS revenue, lighter margin, which was offset by a lower tax rate. The analyst reiterates a Market Perform rating on the shares.
10/21/19
UBSW
10/21/19
DOWNGRADE
Target $140
UBSW
Neutral
IBM downgraded to Neutral from Buy at UBS
UBS analyst Munjal Shah downgraded IBM to Neutral from Buy with a price target of $140, down from $170. The stock closed Friday down 17c to $134.09. The analyst believes it will be difficult for the company to achieve sustainable mid-single digit revenue growth. In 2020, pressure in the legacy businesses should somewhat offset the growth from year one of the mainframe cycle and Red Hat acquisition, Shah tells investors in a research note. The following year "should be even more challenging" with greater revenue pressure due to a tough year two mainframe compare and lower incremental Red Hat contribution, adds the analyst. Further, currency remains a headwind and a lack of share buybacks will limit earnings growth outside of deleveraging, says Shah.
10/21/19
10/21/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Boeing (BA) downgraded to Neutral from Outperform at Credit Suisse and to Neutral from Buy at UBS. 2. Spirit AeroSystems (SPR) downgraded to Neutral from Buy at UBS with analyst Myles Walton citing Spirit's "outsized exposure" to Boeing's (BA) 737 Max program for the downgrade. 3. Gildan Activewear (GIL) downgraded to Hold from Buy at Edward Jones. 4. IBM (IBM) downgraded to Neutral from Buy at UBS with analyst Munjal Shah saying he believes it will be difficult for the company to achieve sustainable mid-single digit revenue growth. 5. Alcoa (AA) downgraded to Hold from Buy at Gabelli with analyst Justin Bergner saying Acloa's 12% two day post-earnings rally reflected better than expected proceeds from non-core asset sales and a view that estimates have bottomed. 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

COST

Costco

$313.28

8.6 (2.82%)

18:25
01/21/20
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Costco CEO: We're a volume company, not a margin company »

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  • 22

    Jan

  • 05

    Mar

NFLX

Netflix

$338.24

-1.32 (-0.39%)

18:24
01/21/20
01/21
18:24
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Hot Stocks
Netflix says plans to increase content spending across the board »

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  • 21

    Jan

PBR

Petrobras

$14.76

-0.41 (-2.70%)

18:23
01/21/20
01/21
18:23
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18:23
Hot Stocks
Petrobras says CARF issued 'unfavorable' decision on tax proceeding »

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FMBI

First Midwest

$21.58

-0.725 (-3.25%)

18:15
01/21/20
01/21
18:15
01/21/20
18:15
Earnings
First Midwest reports Q4 EPS 51c, consensus 50c »

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  • 22

    Jan

NFLX

Netflix

$338.24

-1.32 (-0.39%)

, DIS

Disney

$143.53

-0.72 (-0.50%)

18:14
01/21/20
01/21
18:14
01/21/20
18:14
Hot Stocks
Netflix says Oscar-nominated original films 'very popular' with users as well »

Netflix (NFLX) says…

NFLX

Netflix

$338.24

-1.32 (-0.39%)

DIS

Disney

$143.53

-0.72 (-0.50%)

03/08/13
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  • 21

    Jan

  • 04

    Feb

MDT

Medtronic

$120.30

1.32 (1.11%)

18:12
01/21/20
01/21
18:12
01/21/20
18:12
Hot Stocks
Medtronic: Trial shows 'superior' back pain relief with DTM SCS »

Medtronic announced…

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  • 23

    Jan

  • 18

    Feb

NFLX

Netflix

$338.24

-1.32 (-0.39%)

, DIS

Disney

$143.53

-0.72 (-0.50%)

18:07
01/21/20
01/21
18:07
01/21/20
18:07
Hot Stocks
Netflix says seasonality from Q1 to Q2 likely to be 'more balanced' »

Netflix (NFLX) says Q1…

NFLX

Netflix

$338.24

-1.32 (-0.39%)

DIS

Disney

$143.53

-0.72 (-0.50%)

GOOG

Alphabet

$1,484.92

4.64 (0.31%)

GOOGL

Alphabet Class A

$1,482.70

3.58 (0.24%)

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 21

    Jan

  • 22

    Jan

  • 22

    Jan

  • 23

    Jan

  • 27

    Jan

  • 03

    Feb

  • 03

    Feb

  • 04

    Feb

  • 10

    Feb

BFC

Bank First National

$66.28

-0.62 (-0.93%)

18:06
01/21/20
01/21
18:06
01/21/20
18:06
Earnings
Bank First National reports Q4 EPS $1.05, consensus $1.04 »

Net interest margin was…

03/08/13
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SPOT

Spotify

$149.01

0.805 (0.54%)

18:01
01/21/20
01/21
18:01
01/21/20
18:01
Periodicals
Spotify's new feature lets influencers post Stories to their playlists, TC says »

Tech Crunch's Sarah…

03/08/13
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  • 05

    Feb

HCM

Hutchison China MediTech

$29.56

0.135 (0.46%)

17:58
01/21/20
01/21
17:58
01/21/20
17:58
Syndicate
Hutchison China MediTech files to sell $110M of ADSs »

BofA Securities, Goldman…

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NRG

NRG Energy

$38.52

-0.03 (-0.08%)

17:44
01/21/20
01/21
17:44
01/21/20
17:44
Hot Stocks
NRG Energy raises quarterly dividend to 30c from 3c per share »

The dividend is payable…

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BAESY

BAE Systems

$0.00

(0.00%)

17:34
01/21/20
01/21
17:34
01/21/20
17:34
Hot Stocks
BAE Systems awarded $400.91M Army contract modification »

BAE Systems was awarded a…

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PNFP

Pinnacle Financial

$62.09

-1.31 (-2.07%)

17:32
01/21/20
01/21
17:32
01/21/20
17:32
Earnings
Pinnacle Financial reports Q4 adjusted EPS $1.27, consensus $1.26 »

Reports Q4 revenue…

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  • 22

    Jan

DGLY

Digital Ally

$0.94

(0.00%)

17:27
01/21/20
01/21
17:27
01/21/20
17:27
Syndicate
Breaking Syndicate news story on Digital Ally »

Digital Ally files to…

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KSU

Kansas City Southern

$165.54

-1.03 (-0.62%)

17:24
01/21/20
01/21
17:24
01/21/20
17:24
Downgrade
Kansas City Southern rating change  »

Kansas City Southern…

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AES

AES Corp.

$20.47

-0.02 (-0.10%)

17:23
01/21/20
01/21
17:23
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17:23
Hot Stocks
AES Corp's sPower suspends Seneca wind project »

sPower announced today…

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WTFC

Wintrust Financial

$66.90

-2.03 (-2.95%)

17:20
01/21/20
01/21
17:20
01/21/20
17:20
Earnings
Wintrust Financial reports Q4 EPS $1.44, consensus $1.58 »

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  • 22

    Jan

SKT

Tanger Factory

$15.93

0.56 (3.64%)

, MDR

McDermott

$0.70

(0.00%)

17:18
01/21/20
01/21
17:18
01/21/20
17:18
Hot Stocks
Tanger Factory to replace McDermott in S&P 600 at open on 1/27 »

McDermott International…

SKT

Tanger Factory

$15.93

0.56 (3.64%)

MDR

McDermott

$0.70

(0.00%)

03/08/13
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CIT

CIT Group

$45.23

-1.17 (-2.52%)

, SKT

Tanger Factory

$15.93

0.56 (3.64%)

17:17
01/21/20
01/21
17:17
01/21/20
17:17
Hot Stocks
Breaking Hot Stocks news story on CIT Group, Tanger Factory »

CIT Group to replace…

CIT

CIT Group

$45.23

-1.17 (-2.52%)

SKT

Tanger Factory

$15.93

0.56 (3.64%)

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  • 28

    Jan

IBM

IBM

$139.15

0.84 (0.61%)

17:15
01/21/20
01/21
17:15
01/21/20
17:15
Hot Stocks
IBM says there is continued momentum in hybrid cloud »

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  • 21

    Jan

  • 22

    Jan

TKTDY

Takata

$0.00

(0.00%)

, HMC

Honda

$27.60

-0.18 (-0.65%)

17:12
01/21/20
01/21
17:12
01/21/20
17:12
Periodicals
Honda to recall 2.4M older U.S. cars over faulty air bag inflators, Reuters says »

Honda (HMC) said it plans…

TKTDY

Takata

$0.00

(0.00%)

HMC

Honda

$27.60

-0.18 (-0.65%)

03/08/13
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RIO

Rio Tinto

$59.95

-0.725 (-1.19%)

17:10
01/21/20
01/21
17:10
01/21/20
17:10
Downgrade
Rio Tinto rating change  »

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RNST

Renasant

$35.37

-0.23 (-0.65%)

17:08
01/21/20
01/21
17:08
01/21/20
17:08
Earnings
Renasant reports Q4 EPS 67c, consensus 66c »

Net interest income was…

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  • 22

    Jan

LYFT

Lyft

$47.91

1.33 (2.86%)

17:07
01/21/20
01/21
17:07
01/21/20
17:07
Hot Stocks
Lyft, LeBron James partner to expand bikeshare access across U.S. »

Lyft announced that it is…

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  • 11

    Feb

AMTD

TD Ameritrade

$50.76

0.25 (0.49%)

, TD

Toronto-Dominion

$56.55

-0.18 (-0.32%)

17:02
01/21/20
01/21
17:02
01/21/20
17:02
Earnings
TD Bank comments on expected impact of TD Ameritrade's Q1 earnings »

TD Bank (TD) announced…

AMTD

TD Ameritrade

$50.76

0.25 (0.49%)

TD

Toronto-Dominion

$56.55

-0.18 (-0.32%)

03/08/13
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