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CSOD

Cornerstone OnDemand

$59.34 /

+0.02 (+0.03%)

, CRM

Salesforce

$179.60 /

+2.29 (+1.29%)

07:33
01/10/20
01/10
07:33
01/10/20
07:33

Barclays double upgrades Cornerstone to Overweight from Underweight

Barclays analyst Raimo Lenschow upgraded Cornerstone OnDemand (CSOD) to Overweight from Underweight with a price target of $71, up from $55. The analyst expects Cornerstone to show "meaningfully higher" revenue growth and ongoing operating leverage in 2020 while at "very reasonable" valuation levels. As such, the stock should be a relative outperformer in the U.S. Software space this year, Lenschow tells investors in a research note. The analyst suggests investors focus on Software names that have a favorable growth/valuation setup. Salesforce (CRM) remains his top pick. He remains bullish on Microsoft (MSFT), but notes the company faces tougher comps in the second half of the year. Splunk (SPLK) and MongoDB (MDB) remain growth stories that Lenschow continues to like, and he calls Slack (WORK) an "out-of-favor name that should see better times this year."

CSOD

Cornerstone OnDemand

$59.34 /

+0.02 (+0.03%)

CRM

Salesforce

$179.60 /

+2.29 (+1.29%)

MSFT

Microsoft

$162.12 /

+1.98 (+1.24%)

SPLK

Splunk

$154.51 /

-1.22 (-0.78%)

MDB

MongoDB

$150.10 /

+9.71 (+6.92%)

WORK

Slack Technologies

$23.19 /

-0.57 (-2.40%)

  • 14

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  • 15

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  • 24

    Feb

  • 10

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  • 11

    Mar

CSOD Cornerstone OnDemand
$59.34 /

+0.02 (+0.03%)

08/22/19 MZHO
Cornerstone OnDemand initiated with a Buy at Mizuho
01/10/20 LEHM
Cornerstone OnDemand upgraded to Overweight from Underweight at Barclays
11/07/19
Fly Intel: Top analyst initiations
11/07/19 RBCM
Cornerstone OnDemand initiated with an Outperform at RBC Capital
CRM Salesforce
$179.60 /

+2.29 (+1.29%)

01/08/20 PIPR
MongoDB, Anaplan among Piper's 'multi-billion potential' ideas for this decade
01/06/20
Fly Intel: Top five analyst upgrades
01/09/20 JEFF
Salesforce price target raised to $210 from $195 at Jefferies
01/06/20 RBCM
Salesforce upgraded Top Pick at RBC Capital, price target raised to $215
MSFT Microsoft
$162.12 /

+1.98 (+1.24%)

01/09/20 WEDB
Microsoft price target raised to $195 from $185 at Wedbush
01/09/20 COWN
Microsoft price target raised to $180 from $165 at Cowen
01/08/20 MSCO
Microsoft price target raised to $189 from $157 at Morgan Stanley
01/09/20 JEFF
Microsoft price target raised to $185 from $160 at Jefferies
SPLK Splunk
$154.51 /

-1.22 (-0.78%)

12/02/19
Fly Intel: Top five analyst upgrades
12/02/19 GSCO
Splunk upgraded to Buy from Neutral at Goldman Sachs
01/09/20 PIPR
Okta, Proofpoint among Piper's top 2020 picks in Security Software
01/09/20 JEFF
Splunk price target raised to $180 from $165 at Jefferies
MDB MongoDB
$150.10 /

+9.71 (+6.92%)

12/10/19 DADA
MongoDB price target lowered to $143 from $165 at DA Davidson
12/10/19 STFL
MongoDB added to Stifel Select List after 'another strong quarter'
01/06/20 ARGS
MongoDB initiated with a Hold at Argus
WORK Slack Technologies
$23.19 /

-0.57 (-2.40%)

12/05/19 MKMP
Slack may become cash flow positive in next 9-12 months, says MKM Partners
12/05/19 BARD
Slack Technologies price target lowered to $31 from $37 at Baird
12/05/19 FBCO
Slack Technologies price target lowered to $27 from $35 at Credit Suisse
12/05/19 LEHM
Slack results beginning of share 'comeback story,' says Barclays

TODAY'S FREE FLY STORIES

Initiation
Aspen Aerogels initiated with a Buy at B. Riley FBR » 20:19
01/22/20
01/22
20:19
01/22/20
20:19
ASPN

Aspen Aerogels

$10.33 /

+0.36 (+3.61%)

B. Riley FBR initiated…

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Hot Stocks
Synthorx trading halted, pending information request  19:53
01/22/20
01/22
19:53
01/22/20
19:53
THOR

Synthorx

$67.99 /

+ (+0.00%)

 
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Hot Stocks
PG&E reaches agreement with ad hoc noteholder committee » 19:36
01/22/20
01/22
19:36
01/22/20
19:36
PCG

PG&E

$12.55 /

-0.66 (-5.00%)

PG&E Corporation and…

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Hot Stocks
Coastal Community Bank names Andrew Stines chief risk officer » 19:11
01/22/20
01/22
19:11
01/22/20
19:11
CCB

Coastal Financial

$17.29 /

-0.18 (-1.03%)

Coastal Community Bank…

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Hot Stocks
Fly Intel: After Hours Movers » 19:00
01/22/20
01/22
19:00
01/22/20
19:00
SLM

Sallie Mae

$9.09 /

+0.25 (+2.83%)

, TER

Teradyne

$73.57 /

+2.04 (+2.85%)

, PTC

PTC

$80.06 /

+1.13 (+1.43%)

, STLD

Steel Dynamics

$32.02 /

+0.11 (+0.34%)

, CTXS

Citrix

$119.16 /

+1.37 (+1.16%)

, PAYC

Paycom

$303.73 /

+3.96 (+1.32%)

, FUL

H.B. Fuller

$49.18 /

+0.095 (+0.19%)

, TXN

Texas Instruments

$133.38 /

+2.53 (+1.93%)

, IMGN

ImmunoGen

$4.67 /

-0.04 (-0.85%)

, XENE

Xenon Pharmaceuticals

$16.84 /

+0.15 (+0.90%)

, AVNW

Aviat Networks

$14.70 /

+0.09 (+0.62%)

UP AFTER EARNINGS: Sallie…

UP AFTER EARNINGS: Sallie Mae (SLM) up 21.0%... Teradyne (TER) up 9.4%... PTC Inc (PTC) up 8.0%... Steel Dynamics (STLD) up 5.6%... Citrix (CTXS) up 4.7%. ALSO HIGHER: Paycom (PAYC) up 4.2% after entering S&P500 index. DOWN AFTER EARNINGS: HB Fuller (FUL) down 1.6%... Texas Instruments (TXN) down 1.3%. ALSO LOWER: Immunogen (IMGN) down 3.4% after equity offering... Xenon Pharma (XENE) down 2.9% after equity offering... Aviat Networks (AVNW) down 2.1% after cutting Q2, FY20 guidance due to cyberattack. Movers as of 18:40ET.

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  • 22
    Jan
  • 21
    Jan
Syndicate
Tetraphase announces $17.5M of financings priced at-the-market » 18:50
01/22/20
01/22
18:50
01/22/20
18:50
TTPH

Tetraphase

$3.84 /

+0.97 (+33.80%)

Tetraphase…

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Initiation
J.M. Smucker initiated with a Hold at Jefferies » 18:39
01/22/20
01/22
18:39
01/22/20
18:39
SJM

J.M. Smucker

$107.00 /

-0.77 (-0.71%)

Jefferies analyst Rob…

Jefferies analyst Rob Dickerson initiated coverage of J.M. Smucker with a Hold rating and $109 price target. The analyst notes that at 11-times his expected EBITDA, the stock is not expensive. However, he is concerned with the company's execution missteps in the pet food business, continued pressure in consumer retail, and volatility in its coffee business, which have led to flat revenues and profits over the past 5 years.

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Hot Stocks
Myriad Genetics submits sPMA application to FDA for myChoice CDx test » 18:37
01/22/20
01/22
18:37
01/22/20
18:37
MYGN

Myriad Genetics

$28.71 /

+0.34 (+1.20%)

Myriad Genetics announced…

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Initiation
Hershey initiated with a Hold at Jefferies » 18:36
01/22/20
01/22
18:36
01/22/20
18:36
HSY

Hershey

$152.45 /

-0.355 (-0.23%)

Jefferies analyst Rob…

Jefferies analyst Rob Dickerson initiated coverage of Hershey with a Hold rating and $157 price target. The analyst is positive on the company's "solid top brands, pricing power, and under-levered balance sheet", but he also cites its sub-2% organic growth since Q4 of 2016, limited margin expansion potential, and a 35% valuation premium relative to the sector average, which he believes "appropriately discount" Hersey's expected free cash flow growth and optionality.

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Recommendations
Piper Sandler says 'incrementally positive' on Deciphera » 18:32
01/22/20
01/22
18:32
01/22/20
18:32
DCPH

Deciphera

$66.79 /

+0.2 (+0.30%)

Piper Sandler analyst…

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Initiation
B&G Foods initiated with a Hold at Jefferies » 18:28
01/22/20
01/22
18:28
01/22/20
18:28
BGS

B&G Foods

$16.25 /

+0.195 (+1.21%)

Jefferies analyst Rob…

Jefferies analyst Rob Dickerson initiated coverage of B&G Foods with a Hold rating and $15 price target. The analyst cites the company's decelerating tracked-channel retail trends, relatively low gross margin, 500bps decline in operating margin over the past 5 years, high leverage with an industry-high dividend yield, and little available cash to invest in brand support.

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Initiation
Calavo Growers initiated with a Hold at Jefferies » 18:25
01/22/20
01/22
18:25
01/22/20
18:25
CVGW

Calavo Growers

$80.49 /

+0.23 (+0.29%)

Jefferies analyst Rob…

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Initiation
Lamb Weston assumed with a Hold at Jefferies » 18:21
01/22/20
01/22
18:21
01/22/20
18:21
LW

Lamb Weston

$91.19 /

+0.01 (+0.01%)

Jefferies analyst Rob…

Jefferies analyst Rob Dickerson assumed coverage of Lamb Weston with a Hold rating and $96 price target. The analyst says the company has benefited from its "impressive" pricing power, limited competition, and large scale over the past 3 years, but as it laps one-off benefits next year, he prefers to be on the sidelines given the near-term deceleration risk for the stock.

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Initiation
Flowers Foods initiated with a Hold at Jefferies » 18:18
01/22/20
01/22
18:18
01/22/20
18:18
FLO

Flowers Foods

$21.75 /

-0.27 (-1.23%)

Jefferies analyst Rob…

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Initiation
Kellogg initiated with a Hold at Jefferies » 18:15
01/22/20
01/22
18:15
01/22/20
18:15
K

Kellogg

$70.25 /

-0.32 (-0.45%)

Jefferies analyst Rob…

Jefferies analyst Rob Dickerson initiated coverage of Kellogg with a Hold rating and $74 price target. The analyst notes that if North America cereal consumption trends improve and its emerging market share gains continue, the stock could be an "emerging growth story". Dickerson notes however that the valuation on Kellogg is "fair" as he prefers to see sustainable consumption trend improvements before turning more constructive on the stock.

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Initiation
General Mills initiated with a Hold at Jefferies » 18:12
01/22/20
01/22
18:12
01/22/20
18:12
GIS

General Mills

$53.97 /

-0.37 (-0.68%)

, WMT

Walmart

$116.10 /

+0.53 (+0.46%)

, K

Kellogg

$70.25 /

-0.32 (-0.45%)

Jefferies analyst Rob…

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Initiation
J & J Snack Foods initiated with a Hold at Jefferies » 18:07
01/22/20
01/22
18:07
01/22/20
18:07
JJSF

J & J Snack Foods

$183.94 /

-0.28 (-0.15%)

Jefferies analyst Rob…

Jefferies analyst Rob Dickerson initiated coverage of J & J Snack Foods with a Hold rating and $200 price target. The analyst is positive on the company's overcapitalized position, clean balance sheet and "sticky" customer base, but he is concerned with its 40-times enterprise value to expected EBITDA valuation, which is nearly an all-time high.

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Initiation
TreeHouse assumed with a Hold at Jefferies » 18:04
01/22/20
01/22
18:04
01/22/20
18:04
THS

TreeHouse

$46.83 /

-0.085 (-0.18%)

Jefferies analyst Rob…

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Upgrade
Hudbay Minerals upgraded to Outperformer from Neutral at CIBC » 18:03
01/22/20
01/22
18:03
01/22/20
18:03
HBM

Hudbay Minerals

$3.41 /

-0.12 (-3.40%)

CIBC analyst Oscar…

CIBC analyst Oscar Cabrera upgraded Hudbay Minerals to Outperformer from Neutral with a price target of $8, up from $5. The analyst, after rolling over his estimates to 2021, cites the company's flat or increasing copper equivalent production and improving free cash flow generation for the upgrade.

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Upgrade
Turquoise Hill upgraded to Outperformer from Neutral at CIBC » 18:02
01/22/20
01/22
18:02
01/22/20
18:02
TRQ

Turquoise Hill

$0.68 /

-0.0221 (-3.15%)

CIBC analyst Oscar…

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Earnings
Steel Dynamics CEO says company 'constructive' regarding NA steel market » 18:02
01/22/20
01/22
18:02
01/22/20
18:02
STLD

Steel Dynamics

$32.02 /

+0.11 (+0.34%)

"Based on domestic…

"Based on domestic steel demand fundamentals, we are constructive regarding North American steel market dynamics," said Millett. "We believe North American steel consumption will experience modest growth and will be supported by further steel import reductions and the end of steel inventory destocking. We believe recent and possible trade actions could have a positive impact in further reducing unfairly traded steel imports into the United States, including coated flat roll steel, which could have a significant positive impact for Steel Dynamics, as we are the largest non-automotive flat roll steel coater in the United States. In combination with our existing and newly announced expansion initiatives, there are firm drivers in place for our continued growth. We are excited about our Sinton, Texas flat roll steel mill project, and the associated long-term value creation it will bring through geographic and value-added product diversification. This facility is designed to have product size and quality capabilities beyond that of existing electric-arc-furnace flat roll steel producers, competing even more effectively with the integrated steel model and foreign competition. We have targeted regional markets that represent over 27 million tons of relevant flat roll steel consumption, which includes the growing Mexican flat roll steel market. This facility is located and designed to have a meaningful competitive advantage in those regions. The team began site work in the second half of 2019, and we are excited to announce that we recently received the required environmental permitting to allow for full construction efforts to begin, with current plans to commence operations mid-year 2021. Our differentiated business model and performance-driven culture clearly demonstrate our through-cycle earnings capability. We continue to strengthen our financial position through consistent strong cash flow generation and the execution of our long-term strategy. We are competitively positioned and remain focused on delivering long-term value creation for all of our stakeholders," concluded Millett.

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Earnings
Steel Dynamics reports Q4 adjusted EPS 62c, consensus 55c » 18:01
01/22/20
01/22
18:01
01/22/20
18:01
STLD

Steel Dynamics

$32.02 /

+0.11 (+0.34%)

Reports Q4 revenue $2.4B,…

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Hot Stocks
Square introduces Lightning Development Kit tools for Bitcoin wallet developers » 17:59
01/22/20
01/22
17:59
01/22/20
17:59
SQ

Square

$68.74 /

+0.42 (+0.61%)

, BITCOIN

Bitcoin

$0.00 /

+ (+0.00%)

, GBTC

Bitcoin Investment Trust

$0.00 /

+ (+0.00%)

The Square Crypto team…

The Square Crypto team said the following, in part, in a Medium post: "For bitcoin to become a widely used global currency - one that can't be stopped, tampered with, or rigged in anyone's favor - improvements to bitcoin's UX, security, privacy, and scaling are required. In open-source development, developers usually choose their own projects. Yet, because we are a consolidated team of open-source developers, we are in a strong position to coordinate on major projects that individuals may not have the time or resources to tackle...We spoke with dozens of wallet developers. What we heard was a desire for flexibility when integrating Lightning...So rather than create a standalone Lightning node, we're building a Lightning Development Kit, LDK, that gives wallet and application developers a convenient way to create custom experiences...Today's Lightning infrastructure is incomplete without features like these. Even though that makes LDK a big project, that's also what makes it right for Square Crypto. And with the support of developers like Acinq, Blockstream, Lightning Labs, and open-source developers everywhere, it's only a matter of time until instant, low-fee bitcoin payments are as common as cash used to be." Reference Link

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Hot Stocks
NovoCure chairman sells 133,777 ordinary shares » 17:59
01/22/20
01/22
17:59
01/22/20
17:59
NVCR

Novocure

$94.80 /

-0.83 (-0.87%)

In a regulatory filing,…

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Initiation
Kraft Heinz initiated with a Hold at Jefferies » 17:52
01/22/20
01/22
17:52
01/22/20
17:52
KHC

Kraft Heinz

$30.65 /

-0.37 (-1.19%)

Jefferies analyst Rob…

Jefferies analyst Rob Dickerson initiated coverage of Kraft Heinz with a Hold rating and $33 price target. The analyst says the company's go-forward strategy will have to include increased brand investment, portfolio simplification, and a capital structure reorganization, which may require a dividend cut. Dickerson adds that he is keeping an eye on Kraft Heinz shares as a value play however given that its sentiment and expectations are low while its free cash flow yield looks attractive.

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