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FB

Facebook

$218.71

0.4 (0.18%)

, GOOG

Alphabet

$1,427.85

8.9 (0.63%)

10:30
01/10/20
01/10
10:30
01/10/20
10:30

Fly Intel: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Facebook (FB), Snap (SNAP), and Alphabet (GOOG, GOOGL) initiated with an Outperform at Bernstein, Amazon.com (AMZN) and Pinterest (PINS) initiated with a Market Perform at Bernstein, while Twitter (TWTR) was initiated with an Underperform at Bernstein. 2. iRhythm (IRTC) initiated with an Outperform at William Blair. 3. ResMed (RMD) initiated with a Perform at Oppenheimer. 4. AGNC Investment (AGNC) initiated with a Neutral at Wedbush. 5. McCormick (MKC) reinstated with a Neutral at BofA. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

FB

Facebook

$218.71

0.4 (0.18%)

GOOG

Alphabet

$1,427.85

8.9 (0.63%)

GOOGL

Alphabet Class A

$1,427.62

8.87 (0.63%)

AMZN

Amazon.com

$1,896.33

-3.38 (-0.18%)

SNAP

Snap

$17.58

0.225 (1.30%)

TWTR

Twitter

$32.77

-0.455 (-1.37%)

PINS

Pinterest

$19.94

0.32 (1.63%)

IRTC

iRhythm

$73.73

1.92 (2.67%)

RMD

ResMed

$157.95

0.26 (0.16%)

AGNC

AGNC Investment

$18.06

0.11 (0.61%)

MKC

McCormick

$163.39

0.96 (0.59%)

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FB Facebook
$218.71

0.4 (0.18%)

01/02/20
RBCM
01/02/20
NO CHANGE
RBCM
Accelerating Netflix subs, Uber profitability among RBC's top 10 surprise list
RBC Capital analyst Mark Mahaney compiled a broader research note titled "Top Ten Internet Surprises for 2020" list, in which he assigns a "reasonable chance" of 30% or more for the following to occur against the "average internet investor" expectations of the event being improbable. 1) Netflix (NFLX) subscriber additions may accelerate because the company will be comping 2019's "material price increase and a dramatic slowdown in marketing spending. 2) Google's (GOOGL) operating margins may be flat to up as its Google Cloud becomes a smaller margin drag and the company's Other Bets division gets greater investment after the resignation of its founders. 3) Uber (UBER) and Lyft (LYFT) achieve EBITDA profitability thanks "insurance expense leverage, driver and rider subsidies rationalization, pricing actions, and growth leverage". 4) Amazon's profitability plummets as the company continues its "aggressive investment" in shipping and fulfillment, particularly internationally, while continuing the build-out of AWS salesforce. 4) Maturing growth rates and large cash piles may see Google, Facebook (FB), and Booking.com (BKNG) become dividend payers in the internet sector. 5) Spotify (SPOT) gross margins may expand as the company concludes its music label negotiations.
01/09/20
KEYB
01/09/20
NO CHANGE
KEYB
Facebook, Alphabet remain key ideas at KeyBanc
KeyBanc analyst Andy Hargreaves says the overall backdrop for Internet names remains solid, but risks related to regulation, trade, and a slowdown in consumer spending remain high. The analyst is likely to favor companies with scale, company specific factors that can operate somewhat independent of the macro environment, and control over expenses. His key ideas remain Facebook (FB) and Alphabet (GOOGL). Hargreaves has Overweight ratings on both stocks.
01/09/20
BERN
01/09/20
INITIATION
Target $250
BERN
Outperform
Facebook initiated with an Outperform at Bernstein
Bernstein initiated coverage of Facebook with an Outperform rating and $250 price target.
01/10/20
01/10/20
INITIATION
Target $250

Outperform
Facebook initiated with an Outperform at Bernstein
Bernstein analyst Mark Shmulik initiated coverage of Facebook with an Outperform rating and $250 price target as part of a broader initiation of the U.S. Internet sector with a generally positive outlook. Shmulik says he expects Facebook's portfolio of apps to continue to capture 70%-80% of new social media users with Instagram nicely supplementing core Blue's slowing growth. He expects Facebook to continue capturing 40%+ of new digital ad dollars on the back of the "rent" for brands selling online, as well as unlocking new ad opportunities within Instagram and Whatsapp. The analyst adds that he thinks regulatory risk is already priced in, and believes Facebook's actual risk is less than perceived, although cost of compliance will weigh on margins and potentially stall the acquisition engine.
GOOG Alphabet
$1,427.85

8.9 (0.63%)

01/10/20
BERN
01/10/20
INITIATION
Target $1600
BERN
Outperform
Alphabet initiated with an Outperform at Bernstein
Bernstein analyst Mark Shmulik initiated coverage of Alphabet with an Outperform rating and $1,600 price target as part of a broader initiation of the U.S. Internet sector with a generally positive outlook. Shmulik tells investors that he believes YouTube has the most revenue acceleration in the near-team accounting for ~25% of net new revenues in the next two years, while Maps and Images have greater ad monetization headroom than the market accounts for, and positions Alphabet well to capitalize on the hyper-growth of specialized, functional searches in the mid-to-long term. The analyst says his revenue forecast is 2%-6% above consensus over the next 3 years, primarily driven by continued growth in the ad business, even as he remains on the sidelines regarding Alphabet's ability to grow non-ad businesses given recent leadership changes.
01/07/20
GSCO
01/07/20
INITIATION
Target $17
GSCO
Sell
Cerence initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Christopher Merwin initiated coverage of Cerence (CRNC) with a Sell rating and $17 price target. While Cerence has established itself as a leading provider of artificial intelligence-powered automotive virtual assistants over the past 20 years, larger technology companies like Google (GOOG) and Apple (AAPL) are offering free substitute products for connected services that offer more advanced AI-technology, search functionality, and native smartphone integration, Merwin tells investors in a research note. The analyst believes this competition could pressure Cerence's connected business over time.
01/09/20
BERN
01/09/20
INITIATION
Target $1600
BERN
Outperform
Alphabet initiated with an Outperform at Bernstein
Bernstein initiated coverage of Alphabet Class A with an Outperform rating and $1,600 price target.
GOOGL Alphabet Class A
$1,427.62

8.87 (0.63%)

AMZN Amazon.com
$1,896.33

-3.38 (-0.18%)

01/10/20
BERN
01/10/20
INITIATION
Target $2050
BERN
Market Perform
Amazon.com initiated with a Market Perform at Bernstein
Bernstein analyst Mark Shmulik initiated coverage of Amazon.com with a Market Perform rating and $2,050 price target as part of a broader initiation of the U.S. Internet sector with a generally positive outlook. Shmulik tells investors that Cloud market growth of 20%+ y/y is healthy, though AWS is partially challenged by intensifying competition and potential pricing and margin compression. He likes the ad business, which is likely to be accretive to overall growth. At the same time, Shmulik says he expects investments and regulatory overhang to weigh on the bottom-line, with our EBIT dollar forecast -9% below consensus in 2022. The analyst says that "there is a lot of good here" and he likes the company and management team, but remains on the sidelines with respect to the stock until he sees more ROIC from retail investments and/or Cloud share hold with current economics.
01/09/20
BERN
01/09/20
INITIATION
Target $2050
BERN
Market Perform
Amazon.com initiated with a Market Perform at Bernstein
Bernstein initiated coverage of Amazon.com with a Market Perform rating and $2,050 price target.
01/09/20
JMPS
01/09/20
NO CHANGE
JMPS
Market Perform
Uber the most likely buyer if GrubHub gets sold, says JMP Securities
After The Wall Street Journal reported yesterday that Grubhub (GRUB) has hired advisors to consider potential strategic options, JMP Securities analyst Ronald Josey said he is "not surprised" given his view that Grubhub has meaningful strategic value. Should Grubhub be acquired, he views Uber (UBER) as the most likely acquirer, but he also believes other bidders could include DoorDash, Amazon (AMZN), Booking (BKNG) and possibly some European food delivery companies. Using Takeaway.com's announced acquisition of Just Eat as a proxy would imply Grubhub could be acquired for about $70 per share, but Josey believes Grubhub could be acquired at a higher multiple given its position in the U.S. market and strategic value. He maintains a Market Perform rating on Grubhub shares.
01/09/20
BERN
01/09/20
INITIATION
Target $127
BERN
Underperform
Bernstein starts Spotify at Underperform on 'overly optimistic' expectations
Bernstein analyst Todd Juenger last night initiated coverage of Spotify (SPOT) with an Underperform rating and $127 price target. The analyst believes consensus growth expectations are "overly optimistic." Paying subscribers in Spotify's home market Sweden only make up 40%, an indicator of the ceiling for paid subs in a given market, Juenger tells investors in a research note. Spotify also faces increased competition from Apple (AAPL) and Amazon (AMZN), Juenger tells investors in a research note. The analyst assumes Spotify will only cede a small amount of market share in developed markets, "despite the entrance of these deep-pocketed tech behemoths," which he believes is a "generous assumption."
SNAP Snap
$17.58

0.225 (1.30%)

01/09/20
01/09/20
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Starbucks (SBUX) upgraded to Overweight from Equal Weight at Barclays with analyst Jeffrey Bernstein saying he expects a "fundamental reacceleration" into fiscal 2020 and views the shares as attractively valued at current levels. 2. AMD (AMD) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying the 2020 server market could be stronger than current "muted" consensus expectations. 3. Kellogg (K) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying Kellogg has become a "compelling investment" as it continues its evolution into a snacking company with growing exposure to emerging markets. 4. Snap (SNAP) upgraded to Buy from Hold at Jefferies and to Outperform from Market Perform at Cowen. 5. Nordstrom (JWN) upgraded to Accumulate from Hold at Gordon Haskett. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/20
JEFF
01/09/20
UPGRADE
Target $21
JEFF
Buy
Jefferies sees 'room to run' for Snap, upgrades to Buy
As previously reported, Jefferies analyst Brent Thill upgraded Snap to Buy from Hold with a price target of $21, up from $17. With AR lenses, the rebuilt Android app, and local language investments strengthening the ecosystem, he believes Snap can accelerate user growth, particularly from international markets, Thill tells investors. He also said that its monetization is "too low" relative to peers and predicts ad revenue can double over three years, while he expects Snap to be non-GAAP profitable by FY20, Thill noted.
01/09/20
BERN
01/09/20
INITIATION
Target $20
BERN
Outperform
Snap initiated with an Outperform at Bernstein
Bernstein initiated coverage of Snap with an Outperform rating and $20 price target.
01/10/20
BERN
01/10/20
INITIATION
Target $20
BERN
Outperform
Snap initiated with an Outperform at Bernstein
Bernstein analyst Mark Shmulik initiated coverage of Snap with an Outperform rating and $20 price target as part of a broader initiation of the U.S. Internet sector with a generally positive outlook. Shmulik says that despite what outsiders may suggest, Snap's status as the social home for Gen Z and younger Millennials and undisputed innovator in social imaging and AR, is not at risk, adding that if anything, a renewed focus on this demographic, recent executive changes, continued ad product development, and clear ad buyer value proposition should contribute to a step change in ad share-of-wallet in 2020, though 4Q19 may come up short as ad buyers stretch out budgets.
TWTR Twitter
$32.77

-0.455 (-1.37%)

12/23/19
BARD
12/23/19
NO CHANGE
Target $39
BARD
Neutral
Twitter 'optics' should improve in second half of 2020, says Baird
Baird analyst Colin Sebastian believes the "optics" around Twitter should improve in the second half of 2020 despite near-term growth and margin headwinds. The analyst reduced his fiscal 2020 EBITDA estimate to below consensus as he thinks Twitter will prioritize platform investments in spite of near-term bug-related revenue headwinds relating to mobile app promotion. Platform spending means Street margin expectations may still be high, Sebastian tells investors in a research note. However, the analyst expects moderating headcount growth, incremental contributions from the Olympics and elections, and easier growth comparisons to help boost Twitter's growth and margins in the second half of 2020. He keeps a Neutral rating on Twitter shares with a $39 price target.
01/10/20
BERN
01/10/20
INITIATION
Target $27
BERN
Underperform
Twitter initiated with an Underperform at Bernstein
Bernstein analyst Mark Shmulik initiated coverage of Twitter with an Underperform rating and $27 price target as part of a broader initiation of the U.S. Internet sector with a generally positive outlook. Shmulik says that although Twitter is his micro-blogging platform of choice, it remains a niche product with the smallest U.S. user base of the peer group. The analyst adds that recent prioritization on platform health may prove beneficial over the long run, however mindshare spent away from ad product development has left Twitter worst among its peer group, with fewer ad targeting options, lack of self-serve, and limited ad product/formats available for the long-tail of ad buyers.
01/07/20
BOFA
01/07/20
NO CHANGE
Target $39
BOFA
Buy
Twitter among BofA's top SMID cap picks for 2020
Twitter yesterday announced the launch of "Promoted Trend Spotlight," which highlights six-second videos, GIFs, and static images at the top of the Explorer tab, BofA analyst Justin Post tells investors in a research note. The analyst views the product as a new premium video tool for brand advertisers. Twitter is a beneficiary of video ad dollars shifting online, and this ad unit is notable as the company indicated in 2017 that approximately 40% of its daily active users visit the Explore tab on average per day, contends Post. The analyst keeps a Buy rating on Twitter with a $39 price target. However, he continues to see a difficult share setup into the Q4 earnings call as he believes Street estimates may not have enough 2020 expense growth. The stock is well positioned after this quarter's earnings, says Post, who points out that Twitter is among his top SMID cap picks for 2020.
01/09/20
BERN
01/09/20
INITIATION
Target $27
BERN
Underperform
Twitter initiated with an Underperform at Bernstein
Bernstein initiated coverage of Twitter with an Underperform rating and $27 price target.
PINS Pinterest
$19.94

0.32 (1.63%)

01/10/20
BERN
01/10/20
INITIATION
Target $21
BERN
Market Perform
Pinterest initiated with a Market Perform at Bernstein
Bernstein analyst Mark Shmulik initiated coverage of Pinterest with a Market Perform rating and $21 price target as part of a broader initiation of the U.S. Internet sector with a generally positive outlook. Shmulik says that Pinterest is a niche platform, and that its engagement of ~20% DAU/MAU trails peers by a substantial margin which limits the ARPU headroom despite users demonstrating intent when logging in. He adds that Pinterest's revenue potential is also weighed down by significant questions around attribution as the platform sits right at the top of funnel, and ability to execute in time to stave off competition.
01/09/20
BERN
01/09/20
INITIATION
Target $21
BERN
Market Perform
Pinterest initiated with a Market Perform at Bernstein
Bernstein initiated coverage of Pinterest with a Market Perform rating and $21 price target.
12/16/19
12/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amphenol (APH) initiated with a Buy at Jefferies. 2. Xcel Energy (XEL) initiated with a Neutral at Goldman Sachs. 3. SiTime (SITM) was initiated with a Buy at Roth Capital, Needham, amd Stifel, as well as an Overweight at Barclays, and an Outperform at Raymond James. 4. Xenia Hotels (XHR) initiated with a Neutral at Janney Montgomery Scott. 5. Pinterest (PINS) initiated with a Neutral at Monness Crespi. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/16/19
MONN
12/16/19
INITIATION
MONN
Neutral
Pinterest initiated with a Neutral at Monness Crespi
Monness Crespi analyst Brian White initiated coverage of Pinterest with a Neutral rating. While Pinterest offers an attractive audience for advertisers, the company is still in the early stages of fully monetizing its ad initiatives while "growing ambitions from the leading internet companies" present added risks, White tells investors.
IRTC iRhythm
$73.73

1.92 (2.67%)

01/09/20
WBLR
01/09/20
INITIATION
WBLR
Outperform
iRhythm initiated with an Outperform at William Blair
William Blair analyst Margaret Kaczor initiated coverage of iRhythm Technologies with an Outperform rating.
12/24/19
MSCO
12/24/19
NO CHANGE
Target $110
MSCO
Overweight
iRhythm shares should see relief after restatement update, says Morgan Stanley
Morgan Stanley analyst David Lewis noted that iRhythm filed its previously delayed Form 10-Q and said that his prior assumption that the company's issues were tied to contractual allowance and doubtful accounts "proved more or less accurate." The company is lowering its Q4 view by an additional $1M due to delayed device returns, which was "an unexpected dynamic," according to Lewis, but he believes the restatement update and 10-Q filing should drive relief for the shares. He maintains an Overweight rating and $110 price target on iRhythm shares.
01/07/20
RHCO
01/07/20
INITIATION
Target $102
RHCO
Buy
iRhythm initiated with a Buy at SunTrust
SunTrust analyst Kaila Krum initiated coverage of iRhythm with a Buy rating and $102 price target. The analyst expects the company will deliver sustainable 30%-plus sales growth, driven by clinical support behind the Zio Service, along with market development efforts and commercial execution.
12/24/19
ADAM
12/24/19
NO CHANGE
Target $107
ADAM
Buy
Canaccord bullish on 2020 upside for iRhythm
Canaccord analyst Jason Mills stays a buyer of iRhythm after the filing of its 10-Q earlier, with the action revealing fairly benign adjustments to historical financials and lifting a near-term overhang on the stock. The analyst continues to think iRhythm will emerge from this episode with enhanced resources and ability to forecast, apply appropriate reserves and collect. Mills reiterates a Buy rating and $107 price target on the shares.
RMD ResMed
$157.95

0.26 (0.16%)

07/16/19
UBSW
07/16/19
DOWNGRADE
UBSW
Neutral
ResMed downgraded to Neutral from Buy at UBS
01/09/20
OPCO
01/09/20
INITIATION
OPCO
Perform
ResMed initiated with a Perform at Oppenheimer
Oppenheimer analyst Suraj Kalia initiated coverage of ResMed with a Perform rating and no price target. ResMed's debt burden will preclude major acquisition activity, and without the easing of the company's price erosion pressure, the stock is fairly valued at these levels, Kalia tells investors in a research note.
11/22/19
KEYB
11/22/19
INITIATION
KEYB
Sector Weight
ResMed initiated with a Sector Weight at KeyBanc
KeyBanc analyst Matthew Mishan initiated coverage of ResMed with a Sector Weight rating and no price target. The analyst is confident in "durable" above market growth for the company, but he finds ResMed's risk/reward "less compelling" at current valuation levels.
07/29/19
GSCO
07/29/19
UPGRADE
GSCO
Buy
ResMed upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Chris Cooper upgraded ResMed to Buy from Neutral, citing his view that the current pricing dynamics are "more favorable than at any time through the last decade." He expects stable pricing across both Medicare and commercial channels through calendar 2020 and he expects ResMed to benefit from the breadth and depth of its portfolio, Cooper tells investors. The analyst, who now forecasts sales and EPS CAGRs of 8% and 11%, respectively, from FY19-22, raised his price target on ResMed shares to A$21.20 from A$16.70.
AGNC AGNC Investment
$18.06

0.11 (0.61%)

11/11/19
BOFA
11/11/19
INITIATION
Target $17
BOFA
Neutral
AGNC Investment resumed with a Neutral at BofA/Merrill
BofA/Merrill analyst Derek Hewett resumed coverage of AGNC Investment with a Neutral rating and $17 price target. The analyst notes that mortgage REITs are typically challenged by the current low interest rate environment, but also sees AGNC Investment benefiting from its high current yield and a reasonable valuation. Hewett believes that the REIT stands "better positioned" to navigate the "hostile" interest rate environment that most of its peers.
01/09/20
WEDB
01/09/20
INITIATION
Target $18.25
WEDB
Neutral
AGNC Investment initiated with a Neutral at Wedbush
Wedbush analyst Henry Coffey initiated coverage of AGNC Investment with a Neutral rating and $18.25 price target.
10/02/19
RBCM
10/02/19
INITIATION
RBCM
RBC Capital initiates select mortgage REITs with 'constructive' outlook
RBC Capital analyst Kenneth Lee initiated select names in the Mortgage REIT sector with a "constructive" outlook, saying they offer an opportunity amid a "challenging" interest rate environment. Lee assigned a Buy rating to Annaly Capital Management (NLY) with a $10 price target, Chimera Investment (CIM) with a $21 price target, MFA Financial (MFA) with a $8 price target and Two Harbors Investment (TWO) with a $15 price target, while also starting AGNC Investment (AGNC) at Outperform with a $16 price target. The analyst contends that the housing market conditions remain "favorable" with continued home price appreciation and mortgage delinquencies still being very benign, which benefits the mortgage credit industry. Lee also notes that opportunities for mortgage REITs to deploy capital with attractive risk-adjusted returns still exist and the shares are attractive to yield-oriented investors looking for low betas. Among the names listed, the analyst sees Annaly Capital Management as his "favorite idea" thanks to its diversified investment strategy, while noting that AGNC Investment is constrained by higher relative sensitivity to interest rate risk.
01/10/20
WEDB
01/10/20
INITIATION
Target $18.25
WEDB
Neutral
AGNC Investment initiated with a Neutral at Wedbush
Wedbush analyst Henry Coffey initiated coverage of AGNC Investment with a Neutral rating and $18.25 price target. In a research note to investors, Coffey says residential credit risk is minimal for this company and its earnings are a function of its ability to actively manage changes in market yields on RMBS, mortgage premiums, mortgage payment speeds and funding costs, which he adds has historically resulted in a business capable of supporting economic or adjusted ROE of 10%-12%.
MKC McCormick
$163.39

0.96 (0.59%)

01/10/20
BOFA
01/10/20
INITIATION
Target $172
BOFA
Neutral
McCormick reinstated with a Neutral at BofA
BofA analyst Peter Galbo reinstated coverage of McKesson with a Neutral rating and $172 price target. Galbo tells investors in a research note that the rating reflects solid fundamentals for McCormick offset by a premium valuation and his expectation for a broader investor shift from growth/momentum stocks to value names in the near- to medium-term.
01/09/20
UBSW
01/09/20
DOWNGRADE
Target $147
UBSW
Sell
McCormick downgraded to Sell from Neutral at UBS
UBS analyst Steven Strycula downgraded McCormick to Sell from Neutral with a price target of $147, down from $155. The analyst sees "steady" category fundamentals and continued cost savings offset by McCormick's elevated investment spend, higher inflation and return to a normalized tax rate in fiscal 2020. The headwinds are not fully reflected in consensus estimates, Strycula tells investors in a research note. He believes the prospect of "muted" fiscal 2020 earnings growth coupled with the stocks' "notable" price-to-earnings expansion over the past 12 months leaves an unfavorable stock risk/reward profile
12/10/19
12/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Underperform from Hold at Needham with analyst Laura Martin saying the streaming has consistently stated it will not have advertising, which will result in U.S. subscriber losses. 2. JPMorgan (JPM) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Brian Kleinhanzl saying JPMorgan has been a strong performer in 2019 and remains best in class in terms of quality, but investors should own stocks where consensus earnings estimates have the potential to rise. 3. McCormick (MKC) downgraded to Sell from Neutral at Goldman Sachs with analyst Adam Samuelson saying with the shares having substantially outperformed peers over the past two years, rallying 63% versus the peer group at 5%, and valuation at or near all-time highs on both an absolute and relative basis, McCormick's risk/reward "appears uncompelling absent a notable acceleration in underlying revenue growth which appears unlikely." 4. CSX (CSX) downgraded to Neutral from Buy at Citi with analyst Christian Wetherbee saying CSX has been a "great turnaround and earnings growth story" over the last three years, but as headwinds build in 2020, there is "real risk" to year-over-year earnings growth. 5. Ventas (VTR) downgraded to Underperform from Market Perform at Wells Fargo with analyst Todd Stender saying he appreciates the REIT's diversification across medical office, life science, and hospitals, but he expects its senior housing exposure which accounted for 57% of revenue in the most recent quarter to determine share performance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/11/19
DBAB
12/11/19
INITIATION
Target $163
DBAB
Hold
McCormick resumed with a Hold at Deutsche Bank
Deutsche Bank analyst Faiza Alwy resumed coverage of McCormick with a Hold rating and $163 price target. The analyst notes that the stock's premium is warranted by its exposure to higher growth spice/seasoning/extracts/ flavors market and its competitive advantages within these categories, but with valuation at "peak levels" on absolute and relative basis, she prefers a "more compelling" entry point to become bullish on the shares.

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  • 28

    Jan

EFC

Ellington Financial

$18.85

0.13 (0.69%)

19:12
01/21/20
01/21
19:12
01/21/20
19:12
Syndicate
Ellington Financial 4.6M share Spot Secondary priced at $18.29 »

Morgan Stanley, Credit…

03/08/13
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  • 22

    Jan

MRVSY

Minerva SA

$0.00

(0.00%)

18:59
01/21/20
01/21
18:59
01/21/20
18:59
Downgrade
Minerva SA rating change  »

Minerva SA downgraded to…

03/08/13
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03/06/13
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GRPBF

Grupo Lala

$0.00

(0.00%)

18:57
01/21/20
01/21
18:57
01/21/20
18:57
Downgrade
Grupo Lala rating change  »

Grupo Lala downgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CCU

Compania Cervecerias

$19.00

-0.33 (-1.71%)

18:53
01/21/20
01/21
18:53
01/21/20
18:53
Downgrade
Compania Cervecerias rating change  »

Compania Cervecerias…

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GRPBF

Grupo Lala

$0.00

(0.00%)

18:50
01/21/20
01/21
18:50
01/21/20
18:50
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Grupo Lala rating change  »

Grupo Lala upgraded to…

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GPAGF

Gruma

$0.00

(0.00%)

18:48
01/21/20
01/21
18:48
01/21/20
18:48
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Gruma rating change  »

Gruma upgraded to Buy…

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KOF

Coca-Cola Femsa

$62.52

0.41 (0.66%)

18:47
01/21/20
01/21
18:47
01/21/20
18:47
Upgrade
Coca-Cola Femsa rating change  »

Coca-Cola Femsa upgraded…

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LOGI

Logitech

$47.77

1.2 (2.58%)

18:46
01/21/20
01/21
18:46
01/21/20
18:46
Hot Stocks
Logitech CEO: We're growing all three of our businesses at a healthy clip »

In an interview on…

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  • 21

    Jan

NAVI

Navient

$13.86

-0.01 (-0.07%)

, IBM

IBM

$139.15

0.84 (0.61%)

18:44
01/21/20
01/21
18:44
01/21/20
18:44
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS:…

NAVI

Navient

$13.86

-0.01 (-0.07%)

IBM

IBM

$139.15

0.84 (0.61%)

COF

Capital One

$102.29

-1.85 (-1.78%)

FBK

FB Financial

$38.20

-0.66 (-1.70%)

NFLX

Netflix

$338.24

-1.32 (-0.39%)

MNLO

Menlo Therapeutics

$6.48

-0.17 (-2.56%)

CIT

CIT Group

$45.23

-1.17 (-2.52%)

SKT

Tanger Factory

$15.93

0.56 (3.64%)

ETN

Eaton

$94.51

-1.19 (-1.24%)

SUPN

Supernus

$24.70

0.26 (1.06%)

ZION

Zions Bancorp

$49.93

-0.81 (-1.60%)

IBKR

Interactive Brokers

$50.89

0.7 (1.39%)

AMTD

TD Ameritrade

$50.76

0.25 (0.49%)

FULT

Fulton Financial

$17.26

-0.07 (-0.40%)

UAL

United Airlines

$85.84

-3.84 (-4.28%)

ADAP

Adaptimmune

$4.14

-0.38 (-8.41%)

BPMC

Blueprint Medicines

$79.69

-1.46 (-1.80%)

ELAN

Elanco

$30.64

0.65 (2.17%)

03/08/13
Wedge Partners
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03/06/13
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  • 21

    Jan

  • 21

    Jan

  • 21

    Jan

  • 21

    Jan

  • 21

    Jan

  • 21

    Jan

  • 21

    Jan

  • 22

    Jan

  • 22

    Jan

  • 22

    Jan

  • 22

    Jan

  • 28

    Jan

  • 04

    Feb

  • 06

    Feb

  • 06

    Feb

  • 14

    Feb

  • 19

    Feb

  • 26

    Feb

  • 22

    Jan

  • 23

    Jan

  • 23

    Jan

SUPN

Supernus

$24.70

0.26 (1.06%)

18:35
01/21/20
01/21
18:35
01/21/20
18:35
Hot Stocks
Supernus: FDA accepts for review NDA for SPN-812 »

Supernus announced that…

03/08/13
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NFLX

Netflix

$338.24

-1.32 (-0.39%)

18:31
01/21/20
01/21
18:31
01/21/20
18:31
Hot Stocks
Netflix says doesn't want to 'exploit' users with advertising »

Says mobile-only plans in…

03/08/13
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  • 21

    Jan

COST

Costco

$313.28

8.6 (2.82%)

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

In an interview on…

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

Says plans to increase…

03/08/13
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  • 21

    Jan

PBR

Petrobras

$14.76

-0.41 (-2.70%)

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

Petrobras said that the…

03/08/13
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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 »

Reports Q4 revenue…

03/08/13
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03/08/13
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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
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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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…

03/08/13
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03/06/13
Citigroup
03/06/13
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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
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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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
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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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
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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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…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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