Crocs initiated with a Buy at Williams Trading » 11:1901/2201/22/21
Williams Trading analyst…
Williams Trading analyst Sam Poser initiated coverage of Crocs with a Buy rating and $100 price target. Recent guidance that calls for a 20%-25% revenue increase in FY21 highlights the strength and opportunities at Crocs, said Poser, who views Crocs as "a brand management story, not a fad."
Crocs price target raised to $90 from $75 at Loop Capital » 08:1601/1901/19/21
Loop Capital analyst…
Loop Capital analyst Laura Champine raised the firm's price target on Crocs to $90 from $75 and keeps a Buy rating on the shares after the company guided to an "accelerated" revenue growth in last week's pre-announcement. The stay-at-home trend is positive for Crocs brand, the analyst tells investors in a research note, also boosting her FY20 EPS view by 12c to $2.76 and FY21 by 29c to $3.48.
Shake Shack initiated with a Neutral at Goldman Sachs » 05:1501/1901/19/21
Goldman Sachs analyst…
Goldman Sachs analyst Jared Garber initiated coverage of Shake Shack with a Neutral rating and $107 price target. The analyst initiated coverage of the restaurant sector with a bullish view into 2021. Large chains are positioned to benefit from the "rapid digital transformation and independent restaurant challenges," Garber tells investors in a research note. Shake Shack's "high" valuation and potential volatility in near-term sales trends drives his Neutral rating.
Chipotle initiated with a Conviction Buy at Goldman Sachs » 05:1001/1901/19/21
Goldman Sachs analyst…
Goldman Sachs analyst Jared Garber initiated coverage of Chipotle Mexican Grill with a Buy rating and $1,650 price target. The analyst also added the shares to Goldman's Americas Conviction List with 17% upside to the price target. He initiated coverage of the restaurant sector with a bullish view into 2021. Large chains are positioned to benefit from the "rapid digital transformation and independent restaurant challenges," Garber tells investors in a research note. Chipotle is his top idea into 2021. The company is emerging from the COVID-19 pandemic as a digital leader and has a strong operational foundation for growth, says Garber.
|Over a week ago|
Asana assumed with a Neutral at Credit Suisse » 06:3001/1501/15/21
Credit Suisse analyst…
Credit Suisse analyst Yaoxian Chew assumed coverage of Asana with a Neutral rating with a price target of $32, up from $27. Chew views Asana as a leading SaaS work management platform that helps teams orchestrate and coordinate work effectively. The analyst appreciates Asana's value proposition and market opportunity but remains on the sidelines given market maturity, competitive dynamics and current unit economics and margin profile.
Shake Shack price target raised to $122 from $110 at Piper Sandler » 06:1701/1501/15/21
Piper Sandler analyst…
Piper Sandler analyst Nicole Miller Regan raised the firm's price target on Shake Shack to $122 from $110 and reiterates an Overweight rating on the shares. Following meetings at ICR this week, the analyst says the industry "remains resilient." She walked away from a meeting with management with an "incrementally positive view" on Shake Shack's menu, growth, and digital initiatives as "potential unlocks going forward."
Shopify, Intel upgrades among today's top calls on Wall Street » 10:0201/1401/14/21
SHOP, NOW, EGAN, INTC, VMW, AMD, TSM, CMG, GM
Check out today's top…
Fly Intel: Top five analyst upgrades » 09:5301/1401/14/21
CVX, CMG, INTC, GM, SHOP
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Chevron (CVX) upgraded to Outperform from Sector Perform at Scotiabank with analyst Paul Cheng telling investors that he thinks "relative valuation has become compelling" due to the recent sharp underperformance in the shares. 2. Chipotle (CMG) upgraded to Outperform from Sector Perform at RBC Capital with analyst Christopher Carill saying the stock has appreciated "significantly" in 2020, but there is further upside to be derived from improving new restaurant margins, which should support the accelerating unit development in an environment of a broader restaurant industry supply contraction in 2021. 3. Intel (INTC) upgraded to Buy from Hold at Needham with analyst N. Quinn Bolton telling investors that he believes Pat Gelsinger will be able to "lead the company to re-establish processor performance leadership" after identifying any weaknesses in Intel's processor roadmap. 4. General Motors (GM) upgraded to Buy from Hold at Argus with analyst Bill Selesky saying the company is diversifying its business into electric and autonomous vehicles while also benefiting from higher margins in North America, "solid" cash flows, and a "strong" balance sheet. 5. Shopify (SHOP) upgraded to Outperform from Perform at Oppenheimer with analyst Koji Ikeda saying while the stock has been a big winner since its initial public offering in 2015, there is still upside from here as the shift to digital commerce is accelerating and has been catalyzed by the COVID-19 pandemic. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Shake Shack price target raised to $95 from $64 at Truist » 09:2801/1401/14/21
Truist analyst Jake…
Truist analyst Jake Bartlett raised the firm's price target on Shake Shack to $95 from $64 but keeps a Hold rating on the shares as part of his broader research note highlighting his 2021 ICR Conference Takeaways. The analyst notes that in spite of the tighter COVID-related restrictions in major markets during the November-December period, the company was able to grow its average weekly sales. Bartlett adds that Shake Shack's comps are accelerating over the near term, and he projects that its walk-in/dine-in sales will recover further as restrictions are eased.
Chipotle price target raised to $1,348 from $1,235 at Deutsche Bank » 07:1501/1401/14/21
Deutsche Bank analyst…
Deutsche Bank analyst Brian Mullan raised the firm's price target on Chipotle Mexican Grill to $1,348 from $1,235 and keeps a Hold rating on the shares ahead of the company's Q4 results. Thea analyst believes optimism is building for potential upside to current consensus Q1 same-store-sales estimates of up 6.1%.