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Fly Intel: Top five analyst upgrades » 09:56
07/06/21
07/06
09:56
07/06/21
09:56
AXP

American Express

$169.68 /

+1.19 (+0.71%)

, IR

Ingersoll-Rand

$48.56 /

+0.01 (+0.02%)

, BFAM

Bright Horizons

$150.75 /

+1.995 (+1.34%)

, CONE

CyrusOne

$71.70 /

+0.47 (+0.66%)

, D

Dominion

$74.62 /

+0.39 (+0.53%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. American Express (AXP) upgraded to Buy from Neutral at Goldman Sachs with analyst Ryan Nash saying with the card stocks trading at less than nine-times 2022 estimates, credit likely to "remain benign for several years" and "significant" excess capital, this remains a group investors will want to own. 2. Ingersoll-Rand (IR) upgraded to Buy from Neutral at Goldman Sachs with analyst Joe Ritchie saying management has made "significant strides" in transforming the company over the past year and it is "well poised to compound value over time." 3. Bright Horizons (BFAM) upgraded to Outperform from Market Perform at BMO Capital with analyst Jeffrey Silber saying he is becoming more confident in the pace of the company's FullService Center recovery. 4. CyrusOne (CONE) upgraded to Outperform from Market Perform at BMO Capital with analyst Ari Klein viewing the selloff in the shares post the investor day as an overreaction and sees a more positive risk/reward at current share levels. 5. Dominion (D) upgraded to Outperform from Sector Perform at Scotiabank with analyst Andrew Weisel liking the stock's 15% "discounted valuation" versus "high-quality" peers and "above-average growth outlook with below-average risks" compared with the industry. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
IR Ingersoll-Rand
$48.56 /

+0.01 (+0.02%)

D Dominion
$74.62 /

+0.39 (+0.53%)

CONE CyrusOne
$71.70 /

+0.47 (+0.66%)

BFAM Bright Horizons
$150.75 /

+1.995 (+1.34%)

AXP American Express
$169.68 /

+1.19 (+0.71%)

AXP American Express
$169.68 /

+1.19 (+0.71%)

07/06/21 Goldman Sachs
American Express upgraded to Buy from Neutral at Goldman Sachs
07/02/21 Credit Suisse
American Express price target raised to $135 from $122 at Credit Suisse
06/17/21 DZ Bank
American Express downgraded to Hold from Buy at DZ Bank
06/07/21 Wells Fargo
American Express price target raised to $185 from $165 at Wells Fargo
IR Ingersoll-Rand
$48.56 /

+0.01 (+0.02%)

07/06/21 Goldman Sachs
Ingersoll-Rand upgraded to Buy from Neutral at Goldman Sachs
06/22/21 Baird
Ingersoll-Rand remains a top idea, says Baird
06/17/21 Vertical Research
Ingersoll-Rand upgraded to Buy from Hold at Vertical Research
06/17/21 Vertical Research
Ingersoll-Rand upgraded to Buy from Hold at Vertical Research
BFAM Bright Horizons
$150.75 /

+1.995 (+1.34%)

07/06/21 BMO Capital
Bright Horizons upgraded to Outperform from Market Perform at BMO Capital
05/10/21 Citi
Citi upgrades Bright Horizons to Buy with risks to demand overdone
05/10/21 Citi
Bright Horizons upgraded to Buy from Neutral at Citi
05/07/21 BMO Capital
Bright Horizons price target lowered to $158 from $168 at BMO Capital
CONE CyrusOne
$71.70 /

+0.47 (+0.66%)

07/06/21 BMO Capital
CyrusOne upgraded to Outperform from Market Perform at BMO Capital
06/17/21 Stifel
CyrusOne financial guidance likely to disappoint, says Stifel
06/16/21 Cowen
CyrusOne downgraded to Market Perform from Outperform at Cowen
06/16/21 Cowen
CyrusOne downgraded to Market Perform from Outperform at Cowen
D Dominion
$74.62 /

+0.39 (+0.53%)

07/06/21 Scotiabank
Dominion upgraded to Outperform on 'discounted valuation' at Scotiabank
07/06/21 Scotiabank
Dominion upgraded to Outperform from Sector Perform at Scotiabank
06/17/21 Mizuho
Dominion price target raised to $80 from $76 at Mizuho
04/21/21 Credit Suisse
Dominion price target raised to $90 from $80 at Credit Suisse
IR Ingersoll-Rand
$48.56 /

+0.01 (+0.02%)

D Dominion
$74.62 /

+0.39 (+0.53%)

CONE CyrusOne
$71.70 /

+0.47 (+0.66%)

BFAM Bright Horizons
$150.75 /

+1.995 (+1.34%)

AXP American Express
$169.68 /

+1.19 (+0.71%)

  • 11
    May
IR Ingersoll-Rand
$48.56 /

+0.01 (+0.02%)

D Dominion
$74.62 /

+0.39 (+0.53%)

CONE CyrusOne
$71.70 /

+0.47 (+0.66%)

AXP American Express
$169.68 /

+1.19 (+0.71%)

IR Ingersoll-Rand
$48.56 /

+0.01 (+0.02%)

AXP American Express
$169.68 /

+1.19 (+0.71%)

AXP American Express
$169.68 /

+1.19 (+0.71%)

Upgrade
Bright Horizons upgraded to Outperform from Market Perform at BMO Capital » 05:10
07/06/21
07/06
05:10
07/06/21
05:10
BFAM

Bright Horizons

$148.76 /

-0.115 (-0.08%)

BMO Capital analyst…

BMO Capital analyst Jeffrey Silber upgraded Bright Horizons to Outperform from Market Perform with a price target of $173, up from $158. The analyst is becoming more confident in the pace of the company's FullService Center recovery. External metrics, including childcare sector employment and office utilization, that correlate well with Bright Horizons' business show intra-quarter improving trends in Q2, Silber tells investors in a research note. Further, many smaller centers have yet to reopen, limiting parental options, says the analyst. He believes Bright Horizons' risk/reward is attractive at current share levels.

ShowHide Related Items >><<
BFAM Bright Horizons
$148.76 /

-0.115 (-0.08%)

BFAM Bright Horizons
$148.76 /

-0.115 (-0.08%)

05/10/21 Citi
Citi upgrades Bright Horizons to Buy with risks to demand overdone
05/10/21 Citi
Bright Horizons upgraded to Buy from Neutral at Citi
05/07/21 BMO Capital
Bright Horizons price target lowered to $158 from $168 at BMO Capital
04/07/21
Fly Intel: Top five analyst downgrades
BFAM Bright Horizons
$148.76 /

-0.115 (-0.08%)

Over a month ago
Hot Stocks
Bright Horizons joins the White House to offer free child care for vaccinations » 08:58
06/02/21
06/02
08:58
06/02/21
08:58
BFAM

Bright Horizons

$138.16 /

+0.01 (+0.01%)

Bright Horizons has…

Bright Horizons has teamed up with the White House to offer free child care to help Americans get their COVID-19 vaccine. The initiative will help achieve the administration's goal of getting 70% of American adults vaccinated by July 4. Starting immediately, employees at participating organizations can secure back-up child care at a Bright Horizons early education and child care centers while they receive their first dose, second dose, or if they need time to recover from any side effects of the vaccination.

ShowHide Related Items >><<
BFAM Bright Horizons
$138.16 /

+0.01 (+0.01%)

BFAM Bright Horizons
$138.16 /

+0.01 (+0.01%)

05/10/21 Citi
Citi upgrades Bright Horizons to Buy with risks to demand overdone
05/10/21 Citi
Bright Horizons upgraded to Buy from Neutral at Citi
05/07/21 BMO Capital
Bright Horizons price target lowered to $158 from $168 at BMO Capital
04/07/21
Fly Intel: Top five analyst downgrades
BFAM Bright Horizons
$138.16 /

+0.01 (+0.01%)

Upgrade
Citi upgrades Bright Horizons to Buy with risks to demand overdone » 06:35
05/10/21
05/10
06:35
05/10/21
06:35
BFAM

Bright Horizons

$135.97 /

-1.65 (-1.20%)

Citi analyst Nithin…

Citi analyst Nithin Pejaver upgraded Bright Horizons Family Solutions to Buy from Neutral with a price target of $170, down from $180. Fears over permanent destruction of some child-care demand due to work from home and universal pre-K has lead to the shares falling 21% year-to-date, Pejaver tells investors in a research note. However, the analyst believes the risks are manageable. Demand risks to Bright Horizons' employer-sponsored centers should be limited and funding constraints will limit the scope of universal pre-K, at least initially to low income groups, says the analyst. Pejaver sees a positive risk/reward at current share levels.

ShowHide Related Items >><<
BFAM Bright Horizons
$135.97 /

-1.65 (-1.20%)

BFAM Bright Horizons
$135.97 /

-1.65 (-1.20%)

05/10/21 Citi
Bright Horizons upgraded to Buy from Neutral at Citi
05/07/21 BMO Capital
Bright Horizons price target lowered to $158 from $168 at BMO Capital
04/07/21
Fly Intel: Top five analyst downgrades
04/07/21 Morgan Stanley
Morgan Stanley cuts Bright Horizons to Underweight on work flexibility risks
BFAM Bright Horizons
$135.97 /

-1.65 (-1.20%)

Upgrade
Bright Horizons upgraded to Buy from Neutral at Citi » 05:15
05/10/21
05/10
05:15
05/10/21
05:15
BFAM

Bright Horizons

$135.97 /

-1.65 (-1.20%)

Citi analyst Nithin…

Citi analyst Nithin Pejaver upgraded Bright Horizons Family Solutions to Buy from Neutral with a $170 price target.

ShowHide Related Items >><<
BFAM Bright Horizons
$135.97 /

-1.65 (-1.20%)

BFAM Bright Horizons
$135.97 /

-1.65 (-1.20%)

05/07/21 BMO Capital
Bright Horizons price target lowered to $158 from $168 at BMO Capital
04/07/21
Fly Intel: Top five analyst downgrades
04/07/21 Morgan Stanley
Morgan Stanley cuts Bright Horizons to Underweight on work flexibility risks
04/07/21 Morgan Stanley
Bright Horizons downgraded to Underweight from Equal Weight at Morgan Stanley
BFAM Bright Horizons
$135.97 /

-1.65 (-1.20%)

Recommendations
Bright Horizons price target lowered to $158 from $168 at BMO Capital » 07:57
05/07/21
05/07
07:57
05/07/21
07:57
BFAM

Bright Horizons

$137.65 /

-10.47 (-7.07%)

BMO Capital analyst…

BMO Capital analyst Jeffrey Silber lowered the firm's price target on Bright Horizons to $158 from $168 and keeps a Market Perform rating on the shares. The company beat on Q1 earnings and its full service center utilization improved again sequentially with expectations for that to continue, the analyst tells investors in a research note. Silber adds however that Bright Horizons did not provide guidance and that it may take until late 2021 before utilization recovers.

ShowHide Related Items >><<
BFAM Bright Horizons
$137.65 /

-10.47 (-7.07%)

BFAM Bright Horizons
$137.65 /

-10.47 (-7.07%)

04/07/21
Fly Intel: Top five analyst downgrades
04/07/21 Morgan Stanley
Morgan Stanley cuts Bright Horizons to Underweight on work flexibility risks
04/07/21 Morgan Stanley
Bright Horizons downgraded to Underweight from Equal Weight at Morgan Stanley
03/18/21 Jefferies
Bright Horizons price target raised to $215 from $210 at Jefferies
BFAM Bright Horizons
$137.65 /

-10.47 (-7.07%)

Earnings
Bright Horizons does not expect to provide outlook through fiscal 2021 » 16:30
05/05/21
05/05
16:30
05/05/21
16:30
BFAM

Bright Horizons

$147.85 /

+1.61 (+1.10%)

The company said,…

The company said, "As we previously disclosed, the COVID-19 pandemic has substantially disrupted our global operations. We remain focused on the ramping of our centers and the phased re-opening of the limited number of centers that remain temporarily closed, which we expect will continue throughout 2021. We remain confident in our business model, the strength of our client partnerships, the strength of our balance sheet and liquidity position, and our ability to continue to respond to changing market conditions. However, the broad effects of COVID-19, its duration and scope of the ongoing disruption, cannot be predicted and the negative financial impact to our results and future financial performance cannot be reasonably estimated. Therefore, we are not at this time and do not currently expect to provide full earnings guidance for the remainder of fiscal 2021."

ShowHide Related Items >><<
BFAM Bright Horizons
$147.85 /

+1.61 (+1.10%)

BFAM Bright Horizons
$147.85 /

+1.61 (+1.10%)

04/07/21
Fly Intel: Top five analyst downgrades
04/07/21 Morgan Stanley
Morgan Stanley cuts Bright Horizons to Underweight on work flexibility risks
04/07/21 Morgan Stanley
Bright Horizons downgraded to Underweight from Equal Weight at Morgan Stanley
03/18/21 Jefferies
Bright Horizons price target raised to $215 from $210 at Jefferies
BFAM Bright Horizons
$147.85 /

+1.61 (+1.10%)

Earnings
Bright Horizons reports Q1 adjusted EPS 23c, consensus 14c » 16:29
05/05/21
05/05
16:29
05/05/21
16:29
BFAM

Bright Horizons

$147.85 /

+1.61 (+1.10%)

Reports Q1 revenue $391M,…

Reports Q1 revenue $391M, consensus $389.57M. The company said, "While enrollment in our child care centers had improvements during the quarter as the economy continues to recover, our centers continue to operate below pre-COVID-19 enrollment levels during this re-ramping phase. The decrease in revenue in the full service center-based child care segment was partially offset by contributions from our back-up care and educational advisory services."

ShowHide Related Items >><<
BFAM Bright Horizons
$147.85 /

+1.61 (+1.10%)

BFAM Bright Horizons
$147.85 /

+1.61 (+1.10%)

04/07/21
Fly Intel: Top five analyst downgrades
04/07/21 Morgan Stanley
Morgan Stanley cuts Bright Horizons to Underweight on work flexibility risks
04/07/21 Morgan Stanley
Bright Horizons downgraded to Underweight from Equal Weight at Morgan Stanley
03/18/21 Jefferies
Bright Horizons price target raised to $215 from $210 at Jefferies
BFAM Bright Horizons
$147.85 /

+1.61 (+1.10%)

Over a quarter ago
Downgrade
Fly Intel: Top five analyst downgrades » 09:56
04/07/21
04/07
09:56
04/07/21
09:56
FGEN

FibroGen

$22.36 /

-12.26 (-35.41%)

, CASY

Casey's General Stores

$216.65 /

-2.7 (-1.23%)

, ABCB

Ameris Bancorp

$52.44 /

-0.43 (-0.81%)

, BFAM

Bright Horizons

$169.03 /

-9.25 (-5.19%)

, SRE

Sempra Energy

$133.98 /

-0.25 (-0.19%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. FibroGen (FGEN) downgraded to Neutral from Buy at H.C. Wainwright and Mizuho. 2. Casey's General Stores (CASY) downgraded to Market Perform from Outperform at Raymond James with analyst Bobby Griffin saying the downgrade is not a reflection of Casey's recent operating performance or management's capabilities, but a factor of Casey's valuation versus its historical valuation and peers. 3. Ameris Bancorp (ABCB) downgraded to Outperform from Strong Buy at Raymond James with analyst David Feaster saying the downgrade is driven by its strong performance since September 2020. 4. Bright Horizons (BFAM) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Toni Kaplan saying the potential for changing on-site work dynamics and more employer flexibility post-pandemic could result in daycare becoming more local to employee homes and lead to increased competition for Bright Horizons. 5. Sempra Energy (SRE) downgraded to Neutral from Buy at Seaport Global with analyst Angie Storozynski saying the KKR (KKR) deal should make the IEnova stock tender more expensive, noting that market valuations of California utility peers are "sharply discounted." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
SRE Sempra Energy
$133.98 /

-0.25 (-0.19%)

FGEN FibroGen
$22.36 /

-12.26 (-35.41%)

CASY Casey's General Stores
$216.65 /

-2.7 (-1.23%)

BFAM Bright Horizons
$169.03 /

-9.25 (-5.19%)

ABCB Ameris Bancorp
$52.44 /

-0.43 (-0.81%)

FGEN FibroGen
$22.36 /

-12.26 (-35.41%)

04/07/21 Mizuho
Mizuho downgrades FibroGen to Neutral on 'higher risk and uncertainty'
04/07/21 Mizuho
FibroGen downgraded to Neutral from Buy at Mizuho
04/07/21 Citi
FibroGen update creates only 'bad optic' for AstraZeneca, says Citi
04/07/21 H.C. Wainwright
FibroGen downgraded to Neutral from Buy at H.C. Wainwright
CASY Casey's General Stores
$216.65 /

-2.7 (-1.23%)

04/07/21 Raymond James
Casey's General Stores downgraded to Market Perform at Raymond James
04/07/21 Raymond James
Casey's General Stores downgraded to Market Perform from Outperform at Raymond James
03/10/21 Raymond James
Casey's General Stores price target raised to $215 from $200 at Raymond James
03/10/21 Deutsche Bank
Casey's General Stores price target lowered to $217 from $220 at Deutsche Bank
ABCB Ameris Bancorp
$52.44 /

-0.43 (-0.81%)

04/07/21 Raymond James
Ameris Bancorp downgraded to Outperform from Strong Buy at Raymond James
03/30/21 DA Davidson
Ameris Bancorp downgraded to Neutral at DA Davidson on valuation
03/30/21 DA Davidson
Ameris Bancorp downgraded to Neutral from Buy at DA Davidson
03/08/21 Truist
Ameris Bancorp price target raised to $60 from $48 at Truist
BFAM Bright Horizons
$169.03 /

-9.25 (-5.19%)

04/07/21 Morgan Stanley
Morgan Stanley cuts Bright Horizons to Underweight on work flexibility risks
04/07/21 Morgan Stanley
Bright Horizons downgraded to Underweight from Equal Weight at Morgan Stanley
03/18/21 Jefferies
Bright Horizons price target raised to $215 from $210 at Jefferies
02/19/21 Barclays
Bright Horizons price target raised to $190 from $145 at Barclays
SRE Sempra Energy
$133.98 /

-0.25 (-0.19%)

04/07/21 Seaport Global
Seaport downgrades Sempra Energy to Neutral after 'good, not great' SIP deal
04/07/21 Seaport Global
Sempra Energy downgraded to Neutral from Buy at Seaport Global
04/06/21 BMO Capital
Sempra Energy price target raised to $147 from $142 at BMO Capital
01/14/21 Wells Fargo
Sempra Energy upgraded to Overweight from Equal Weight at Wells Fargo
SRE Sempra Energy
$133.98 /

-0.25 (-0.19%)

FGEN FibroGen
$22.36 /

-12.26 (-35.41%)

CASY Casey's General Stores
$216.65 /

-2.7 (-1.23%)

BFAM Bright Horizons
$169.03 /

-9.25 (-5.19%)

ABCB Ameris Bancorp
$52.44 /

-0.43 (-0.81%)

CASY Casey's General Stores
$216.65 /

-2.7 (-1.23%)

FGEN FibroGen
$22.36 /

-12.26 (-35.41%)

CASY Casey's General Stores
$216.65 /

-2.7 (-1.23%)

SRE Sempra Energy
$133.98 /

-0.25 (-0.19%)

FGEN FibroGen
$22.36 /

-12.26 (-35.41%)

Downgrade
Morgan Stanley cuts Bright Horizons to Underweight on work flexibility risks » 07:49
04/07/21
04/07
07:49
04/07/21
07:49
BFAM

Bright Horizons

$178.18 /

-1.77 (-0.98%)

As previously reported,…

As previously reported, Morgan Stanley analyst Toni Kaplan downgraded Bright Horizons to Underweight from Equal Weight with a price target of $150, down from $153. The potential for changing on-site work dynamics and more employer flexibility post-pandemic could result in daycare becoming more local to employee homes and lead to increased competition for Bright Horizons, argues Kaplan. While childcare "is not going anywhere," the employer based model could change and while Bright Horizons could adapt to a change in employee locations, it would likely face more competition in that case, the analyst explains. She is modeling a slower and more muted recovery in Full Service revenue, which leads her estimates to be 4% below consensus for 2022 revenue and 9% below for 2023, Kaplan noted.

ShowHide Related Items >><<
BFAM Bright Horizons
$178.18 /

-1.77 (-0.98%)

BFAM Bright Horizons
$178.18 /

-1.77 (-0.98%)

04/07/21 Morgan Stanley
Bright Horizons downgraded to Underweight from Equal Weight at Morgan Stanley
03/18/21 Jefferies
Bright Horizons price target raised to $215 from $210 at Jefferies
02/19/21 Barclays
Bright Horizons price target raised to $190 from $145 at Barclays
02/18/21 Jefferies
Bright Horizons price target raised to $210 from $189 at Jefferies
BFAM Bright Horizons
$178.18 /

-1.77 (-0.98%)

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