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Initiation
Driven Brands initiated with an Overweight at JPMorgan » 10:01
02/09/21
02/09
10:01
02/09/21
10:01
DRVN

Driven Brands

$32.87 /

+0.55 (+1.70%)

JPMorgan analyst…

JPMorgan analyst Christopher Horvers initiated coverage of Driven Brands with an Overweight rating and $39 price target. The company will benefit from a reopening economy in 2021 and 2022 and it has a "large whitespace" unit growth opportunity, Horvers tells investors in a research note. The timing of vaccination and lagging nature of its collision segment should result in "well-above normal" sales trends through the first half of 2022, says the analyst.

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DRVN Driven Brands
$32.87 /

+0.55 (+1.70%)

02/09/21
Fly Intel: Top five analyst initiations
02/09/21 William Blair
Driven Brands initiated with an Outperform at William Blair
02/09/21 Morgan Stanley
Driven Brands initiated with an Equal Weight at Morgan Stanley
02/09/21 BofA
BofA starts Driven Brands at Buy with $36 price target
  • 15
    Jan
DRVN Driven Brands
$32.87 /

+0.55 (+1.70%)

DRVN Driven Brands
$32.87 /

+0.55 (+1.70%)

Initiation
Fly Intel: Top five analyst initiations » 09:56
02/09/21
02/09
09:56
02/09/21
09:56
PLTK

Playtika

$32.54 /

+0.28 (+0.87%)

, DRVN

Driven Brands

$32.50 /

+0.18 (+0.56%)

, BBIO

BridgeBio

$72.50 /

+0.15 (+0.21%)

, NVMI

Nova Measuring

$78.30 /

+0.005 (+0.01%)

, KRTX

Karuna Therapeutics

$137.00 /

+12 (+9.60%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Playtika (PLTK) initiated with a Buy at Goldman Sachs, UBS and Stifel, initiated with an Outperform at Credit Suisse, initiated with an Overweight at Morgan Stanley and initiated with a Neutral at BofA and Citi. 2. Driven Brands (DRVN) initiated with an Outperform at Baird and William Blair, initiated with an Overweight at Piper Sandler, initiated with a Buy at BofA, initiated with a Neutral at Goldman Sachs and initiated with an Equal Weight at Morgan Stanley. 3. BridgeBio (BBIO) reinstated with a Buy at Goldman Sachs. 4. Nova Measuring (NVMI) initiated with a Buy at Citi. 5. Karuna Therapeutics (KRTX) initiated with an Outperform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
NVMI Nova Measuring
$78.30 /

+0.005 (+0.01%)

KRTX Karuna Therapeutics
$137.00 /

+12 (+9.60%)

BBIO BridgeBio
$72.50 /

+0.15 (+0.21%)

PLTK Playtika
$32.54 /

+0.28 (+0.87%)

02/09/21 UBS
Playtika initiated with a Buy at UBS
02/09/21 Morgan Stanley
Playtika initiated with an Overweight at Morgan Stanley
02/09/21 Stifel
Playtika initiated with a Buy at Stifel
02/09/21 BofA
BofA starts Playtika at Neutral with $35 price target
DRVN Driven Brands
$32.50 /

+0.18 (+0.56%)

02/09/21 William Blair
Driven Brands initiated with an Outperform at William Blair
02/09/21 Morgan Stanley
Driven Brands initiated with an Equal Weight at Morgan Stanley
02/09/21 BofA
BofA starts Driven Brands at Buy with $36 price target
02/09/21 BofA
Driven Brands initiated with a Buy at BofA
BBIO BridgeBio
$72.50 /

+0.15 (+0.21%)

02/09/21 Goldman Sachs
BridgeBio reinstated with a Buy at Goldman Sachs
01/11/21 H.C. Wainwright
BridgeBio price target raised to $87 from $64 at H.C. Wainwright
12/30/20 Citi
Eidos Therapeutics price target raised to $129 from $73.26 at Citi
12/14/20 BTIG
BridgeBio price target raised to $91 from $49 at BTIG
NVMI Nova Measuring
$78.30 /

+0.005 (+0.01%)

02/09/21 Citi
Nova Measuring initiated with a Buy at Citi
10/19/20 Needham
Nova Measuring price target raised to $65 from $60 at Needham
06/22/20 Stifel
Nova Measuring downgraded to Hold from Buy at Stifel
02/14/20 Lake Street
Nova Measuring price target raised to $46 from $40 at Lake Street
KRTX Karuna Therapeutics
$137.00 /

+12 (+9.60%)

02/09/21 RBC Capital
Karuna Therapeutics initiated with an Outperform at RBC Capital
11/19/20 Maxim
Karuna Therapeutics initiated with a Buy at Maxim
10/14/20 Citi
Karuna Therapeutics trial news a positive, says Citi
10/05/20 Citi
Citi highlights Epizyme, Karuna as potential targets after MyoKardia takeover
NVMI Nova Measuring
$78.30 /

+0.005 (+0.01%)

KRTX Karuna Therapeutics
$137.00 /

+12 (+9.60%)

BBIO BridgeBio
$72.50 /

+0.15 (+0.21%)

  • 15
    Jan
  • 15
    Jan
  • 29
    May
DRVN Driven Brands
$32.50 /

+0.18 (+0.56%)

BBIO BridgeBio
$72.50 /

+0.15 (+0.21%)

PLTK Playtika
$32.54 /

+0.28 (+0.87%)

KRTX Karuna Therapeutics
$137.00 /

+12 (+9.60%)

BBIO BridgeBio
$72.50 /

+0.15 (+0.21%)

PLTK Playtika
$32.54 /

+0.28 (+0.87%)

Initiation
Driven Brands initiated with an Outperform at William Blair » 07:28
02/09/21
02/09
07:28
02/09/21
07:28
DRVN

Driven Brands

$32.32 /

+0.575 (+1.81%)

William Blair analyst…

William Blair analyst Sharon Zackfia initiated coverage of Driven Brands with an Outperform rating and no price target. Driven Brands is unique in the public equity markets as a broadly diversified, asset-light franchisor in the auto services space, Zackfia tells investors in a research note. The analyst says the company has "healthy" EBITDA margins of 20%-plus alongside "substantial" cash flow generation, while driving significant value to its franchisees by leveraging its commercial relationships, data analytics and purchasing power. Zackfia projects 20% earnings growth annually, excluding potential acquisitions.

ShowHide Related Items >><<
DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

02/09/21 Morgan Stanley
Driven Brands initiated with an Equal Weight at Morgan Stanley
02/09/21 BofA
BofA starts Driven Brands at Buy with $36 price target
02/09/21 BofA
Driven Brands initiated with a Buy at BofA
02/09/21 Piper Sandler
Driven Brands initiated with an Overweight at Piper Sandler
  • 15
    Jan
DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

Initiation
Driven Brands initiated with an Equal Weight at Morgan Stanley » 06:50
02/09/21
02/09
06:50
02/09/21
06:50
DRVN

Driven Brands

$32.32 /

+0.575 (+1.81%)

Morgan Stanley analyst…

Morgan Stanley analyst Simeon Gutman initiated coverage of Driven Brands with an Equal Weight rating and $30 price target. While calling the company a "growth business with great cash-on-cash returns" and stating that he is bullish on Driven's portfolio of automotive service businesses, Gutman thinks the stock is fairly reflecting expected growth with its current multiple.

ShowHide Related Items >><<
DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

02/09/21 BofA
BofA starts Driven Brands at Buy with $36 price target
02/09/21 BofA
Driven Brands initiated with a Buy at BofA
02/09/21 Piper Sandler
Driven Brands initiated with an Overweight at Piper Sandler
02/09/21 Goldman Sachs
Driven Brands initiated with a Neutral at Goldman Sachs
  • 15
    Jan
DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

Initiation
BofA starts Driven Brands at Buy with $36 price target » 06:38
02/09/21
02/09
06:38
02/09/21
06:38
DRVN

Driven Brands

$32.32 /

+0.575 (+1.81%)

As previously reported,…

As previously reported, BofA analyst Elizabeth Suzuki initiated coverage of Driven Brands with a Buy rating and $36 price target. Driven Brands operates over 4,100 automotive service locations and is "the largest automotive franchise operator in a highly fragmented industry," said Suzuki, who views the company as an "industry consolidator with a strong brand portfolio."

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DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

02/09/21 BofA
Driven Brands initiated with a Buy at BofA
02/09/21 Piper Sandler
Driven Brands initiated with an Overweight at Piper Sandler
02/09/21 Goldman Sachs
Driven Brands initiated with a Neutral at Goldman Sachs
02/09/21 Baird
Driven Brands initiated with an Outperform at Baird
  • 15
    Jan
DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

Initiation
Driven Brands initiated with a Buy at BofA » 06:04
02/09/21
02/09
06:04
02/09/21
06:04
DRVN

Driven Brands

$32.32 /

+0.575 (+1.81%)

BofA initiated coverage…

BofA initiated coverage of Driven Brands with a Buy rating and $36 price target.

ShowHide Related Items >><<
DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

02/09/21 Piper Sandler
Driven Brands initiated with an Overweight at Piper Sandler
02/09/21 Goldman Sachs
Driven Brands initiated with a Neutral at Goldman Sachs
02/09/21 Baird
Driven Brands initiated with an Outperform at Baird
  • 15
    Jan
DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

Initiation
Driven Brands initiated with an Overweight at Piper Sandler » 06:03
02/09/21
02/09
06:03
02/09/21
06:03
DRVN

Driven Brands

/

+

Piper Sandler analyst…

Piper Sandler analyst Peter Keith initiated coverage of Driven Brands with an Overweight rating and $37 price target. As the U.S. market leader in automotive aftermarket services, the company is positioned for long-term growth, Keith tells investors in a research note.

ShowHide Related Items >><<
DRVN Driven Brands
/

+

02/09/21 Goldman Sachs
Driven Brands initiated with a Neutral at Goldman Sachs
02/09/21 Baird
Driven Brands initiated with an Outperform at Baird
  • 15
    Jan
DRVN Driven Brands
/

+

DRVN Driven Brands
/

+

Initiation
Driven Brands initiated with a Neutral at Goldman Sachs » 05:09
02/09/21
02/09
05:09
02/09/21
05:09
DRVN

Driven Brands

$32.32 /

+0.575 (+1.81%)

Goldman Sachs analyst…

Goldman Sachs analyst Kate McShane initiated coverage of Driven Brands with a Neutral rating and $32 price target. The analyst sees a balanced risk/reward given the stock's valuation, risks emanating from a slow recovery in miles driven, muted levels of demand with a prolonged overhang from COVID-19 and the company's high leverage versus peers.

ShowHide Related Items >><<
DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

02/09/21 Baird
Driven Brands initiated with an Outperform at Baird
  • 15
    Jan
DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

Initiation
Driven Brands initiated with an Outperform at Baird » 05:05
02/09/21
02/09
05:05
02/09/21
05:05
DRVN

Driven Brands

$32.32 /

+0.575 (+1.81%)

Baird analyst Peter…

Baird analyst Peter Benedict initiated coverage of Driven Brands with an Outperform rating and $37 price target. With a proprietary data analytics and shared services platform, Driven Brands is "uniquely positioned" to take market share as it pursues a "significant whitespace opportunity" within the "highly fragmented/needs-based" automotive services sector, Benedict tells investors in a research note.

ShowHide Related Items >><<
  • 15
    Jan
DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

DRVN Driven Brands
$32.32 /

+0.575 (+1.81%)

Over a month ago
On The Fly
Opening Day: Poshmark surges in debut, PetCo soars in return to market » 08:13
01/17/21
01/17
08:13
01/17/21
08:13
NRZ

New Residential

$9.39 /

-0.22 (-2.29%)

, PYPL

PayPal

$239.87 /

-2.15 (-0.89%)

, PLTK

Playtika

$31.54 /

-2.36 (-6.96%)

, DRVN

Driven Brands

$26.62 /

+ (+0.00%)

, WOOF

Petco

$27.55 /

-1.74 (-5.94%)

, POSH

Poshmark

$82.49 /

-17.56 (-17.55%)

, AFRM

Affirm

$116.73 /

+1.785 (+1.55%)

, MSGM

Motorsport Games

$30.57 /

-0.43 (-1.39%)

, QLI

Qilian International

$8.69 /

-0.59 (-6.36%)

, TBA

Thoma Bravo Advantage

$12.00 /

-0.77 (-6.03%)

, HCIC

Hennessy Capital Investment Corp. V

$0.00 /

+ (+0.00%)

, GNAC

Group Nine Acquisition

$0.00 /

+ (+0.00%)

, ADER

26 Capital Acquisition

$0.00 /

+ (+0.00%)

, OCAX

OCA Acquisition

$0.00 /

+ (+0.00%)

, ENVI

Environmental Impact Acquisition

$0.00 /

+ (+0.00%)

, HLAH

Hamilton Lane Alliance Holdings I

$0.00 /

+ (+0.00%)

, NGAB

Northern Genesis Acquisition Corp. II

$0.00 /

+ (+0.00%)

, FINM

Marlin Technology

$0.00 /

+ (+0.00%)

, FCAX

Fortress Capital Acquisition

$0.00 /

+ (+0.00%)

, PNTM

Pontem

$0.00 /

+ (+0.00%)

, ENFA

890 5th Avenue Partners

$0.00 /

+ (+0.00%)

, BCYP

Big Cypress Acquisition

$0.00 /

+ (+0.00%)

, ADEX

Adit EdTech Acquisition

$0.00 /

+ (+0.00%)

, SWET

Athlon Acquisition

$0.00 /

+ (+0.00%)

, RBLX

Roblox

$0.00 /

+ (+0.00%)

, BMBL

Bumble

$0.00 /

+ (+0.00%)

, COIN

Coinbase

$0.00 /

+ (+0.00%)

, XM

Qualtrics

$0.00 /

+ (+0.00%)

, HOMS

Caliber Home Loans

$0.00 /

+ (+0.00%)

, PHAR

Pharming

$14.63 /

-0.26 (-1.75%)

, MYTE

Mytheresa

$0.00 /

+ (+0.00%)

Shares of pet care…

ShowHide Related Items >><<
RBLX Roblox
$0.00 /

+ (+0.00%)

PYPL PayPal
$239.87 /

-2.15 (-0.89%)

POSH Poshmark
$82.49 /

-17.56 (-17.55%)

NRZ New Residential
$9.39 /

-0.22 (-2.29%)

COIN Coinbase
$0.00 /

+ (+0.00%)

AFRM Affirm
$116.73 /

+1.785 (+1.55%)

NRZ New Residential
$9.39 /

-0.22 (-2.29%)

12/18/20 Keefe Bruyette
New Residential upgraded to Outperform from Market Perform at Keefe Bruyette
12/14/20 Jefferies
New Residential initiated with a Buy at Jefferies
11/24/20 B. Riley Securities
New Residential price target raised to $11.50 from $9.50 at B. Riley Securities
11/23/20 BTIG
New Residential assumed with a Buy at BTIG
PYPL PayPal
$239.87 /

-2.15 (-0.89%)

01/15/21 Mizuho
Mizuho ups PayPal target to $350 with bitcoin volumes surging
01/15/21 MoffettNathanson
PayPal price target raised to $300 from $280 at MoffettNathanson
12/22/20 Deutsche Bank
PayPal price target raised to $275 from $234 at Deutsche Bank
12/15/20 Wedbush
Square price target raised to $200 from $140 at Wedbush
PLTK Playtika
$31.54 /

-2.36 (-6.96%)

DRVN Driven Brands
$26.62 /

+ (+0.00%)

WOOF Petco
$27.55 /

-1.74 (-5.94%)

POSH Poshmark
$82.49 /

-17.56 (-17.55%)

AFRM Affirm
$116.73 /

+1.785 (+1.55%)

MSGM Motorsport Games
$30.57 /

-0.43 (-1.39%)

QLI Qilian International
$8.69 /

-0.59 (-6.36%)

TBA Thoma Bravo Advantage
$12.00 /

-0.77 (-6.03%)

HCIC Hennessy Capital Investment Corp. V
$0.00 /

+ (+0.00%)

GNAC Group Nine Acquisition
$0.00 /

+ (+0.00%)

ADER 26 Capital Acquisition
$0.00 /

+ (+0.00%)

OCAX OCA Acquisition
$0.00 /

+ (+0.00%)

ENVI Environmental Impact Acquisition
$0.00 /

+ (+0.00%)

HLAH Hamilton Lane Alliance Holdings I
$0.00 /

+ (+0.00%)

NGAB Northern Genesis Acquisition Corp. II
$0.00 /

+ (+0.00%)

FINM Marlin Technology
$0.00 /

+ (+0.00%)

FCAX Fortress Capital Acquisition
$0.00 /

+ (+0.00%)

PNTM Pontem
$0.00 /

+ (+0.00%)

ENFA 890 5th Avenue Partners
$0.00 /

+ (+0.00%)

BCYP Big Cypress Acquisition
$0.00 /

+ (+0.00%)

ADEX Adit EdTech Acquisition
$0.00 /

+ (+0.00%)

SWET Athlon Acquisition
$0.00 /

+ (+0.00%)

RBLX Roblox
$0.00 /

+ (+0.00%)

BMBL Bumble
$0.00 /

+ (+0.00%)

COIN Coinbase
$0.00 /

+ (+0.00%)

XM Qualtrics
$0.00 /

+ (+0.00%)

HOMS Caliber Home Loans
$0.00 /

+ (+0.00%)

PHAR Pharming
$14.63 /

-0.26 (-1.75%)

MYTE Mytheresa
$0.00 /

+ (+0.00%)

PYPL PayPal
$239.87 /

-2.15 (-0.89%)

NRZ New Residential
$9.39 /

-0.22 (-2.29%)

  • 21
    Jan
  • 12
    Jan
  • 14
    Jan
  • 15
    Jan
  • 14
    Jan
  • 13
    Jan
  • 15
    Jan
  • 13
    Jan
  • 29
    Oct
TBA Thoma Bravo Advantage
$12.00 /

-0.77 (-6.03%)

RBLX Roblox
$0.00 /

+ (+0.00%)

PYPL PayPal
$239.87 /

-2.15 (-0.89%)

DRVN Driven Brands
$26.62 /

+ (+0.00%)

COIN Coinbase
$0.00 /

+ (+0.00%)

AFRM Affirm
$116.73 /

+1.785 (+1.55%)

XM Qualtrics
$0.00 /

+ (+0.00%)

WOOF Petco
$27.55 /

-1.74 (-5.94%)

RBLX Roblox
$0.00 /

+ (+0.00%)

PYPL PayPal
$239.87 /

-2.15 (-0.89%)

POSH Poshmark
$82.49 /

-17.56 (-17.55%)

NRZ New Residential
$9.39 /

-0.22 (-2.29%)

COIN Coinbase
$0.00 /

+ (+0.00%)

AFRM Affirm
$116.73 /

+1.785 (+1.55%)

PYPL PayPal
$239.87 /

-2.15 (-0.89%)

NRZ New Residential
$9.39 /

-0.22 (-2.29%)

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