Fly Intel: Top five analyst upgrades » 09:5809/1509/15/21
TECH, SE, AA, MTDR, KNX, SNDR, WERN
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bio-Techne (TECH) upgraded to Overweight from Sector Weight at KeyBanc with analyst Paul Knight saying management held an upbeat Analyst Day on September 10 and provided a FY26 revenue goal that is twice FY21 revenue. 2. Sea Limited (SE) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying the company is an "industry leader" in both gaming and e-commerce and its two core businesses have experienced "tremendous growth" over the past year. 3. Alcoa (AA) upgraded to Buy from Hold at Argus with analyst David Coleman citing its improving balance sheet, rising aluminum prices and recent developments in the Chinese market. 4. Matador (MTDR) upgraded to Overweight from Neutral at JPMorgan with analyst Arun Jayaram citing the company's "continued operational outperformance," an attractive mix of growth and free cash flow generation and increasing shareholder returns for the upgrade. 5. Knight-Swift (KNX), Schneider National (SNDR) and Werner (WERN) all upgraded to Outperform from Market Perform at Cowen with analyst Jason Seidl saying the consensus view appears to be underestimating the trucking industry's pricing power in 2022. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Matador upgraded to Overweight from Neutral at JPMorgan » 07:3209/1509/15/21
JPMorgan analyst Arun…
JPMorgan analyst Arun Jayaram upgraded Matador Resources to Overweight from Neutral with a price target of $37, up from $36. The analyst cites the company's "continued operational outperformance," an attractive mix of growth and free cash flow generation and increasing shareholder returns for the upgrade.
|Over a week ago|
Matador announces upgrades to credit rating, senior unsecured nots » 06:0709/0709/07/21
Matador Resources Company…
Matador Resources Company announced recent upgrades by Moody's Investors Service to the Company's corporate credit rating and senior unsecured notes. On September 1, 2021, Moody's upgraded Matador's Corporate Family Rating from B2 to B1 and upgraded Matador's senior unsecured notes from B3 to B2. Moody's also upgraded Matador's Speculative Grade Liquidity rating from SGL-3 to SGL-2 to reflect good liquidity.
|Over a month ago|
Fly Intel: After-Hours Movers » 19:2007/2707/27/21
WIRE, TENB, MAT, PFG, MTDR, IMAX, BYD, GOOGL, TRNS, NAVI, OLN, MSFT, LKFN, STRA, TDOC, CSGP, CAKE, ATEN, MASI, SBUX, MDLZ, AAPL, V, JNPR, SPOK
Check out this evening's…
Matador reports Q2 EPS 89c, consensus 74c » 16:2207/2707/27/21
Reports Q2 revenue…
Reports Q2 revenue $357.43M, consensus $339.09M. "The second quarter of 2021 was an outstanding quarter for Matador highlighted by record operational and financial achievements, including a significant increase in net income and all-time quarterly highs for oil and natural gas production, oil and natural gas revenues, Adjusted EBITDA and adjusted free cash flow. San Mateo also delivered record results in the second quarter highlighted by all-time quarterly highs for third-party midstream revenues, net income, Adjusted EBITDA and adjusted free cash flow. The Board and I would like to acknowledge and express our sincere appreciation to both the Matador and San Mateo teams for their strong execution once again in the second quarter.
Fly Intel: Top five analyst upgrades » 09:5607/1607/16/21
TXT, CTAS, AA, CMI, MTDR
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Textron (TXT) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Noah Poponak saying the business jet market continues to strengthen "in a way that increasingly looks long-term sustainable." 2. Cintas (CTAS) upgraded to Outperform from Neutral at Baird with analyst Andrew Wittmann saying investors "rarely get quality growth stocks at the basis they really desire; such is the case with Cintas today." 3. Alcoa (AA) upgraded to Buy from Neutral at Citi with analyst Alexander Hacking saying the company has "sensibly" used the past few years to strengthen its operating footprint and the balance sheet and management was "explicit" on the company's earnings call that capital return is part of their framework. 4. Cummins (CMI) upgraded to Outperform from Market Perform at Cowen with analyst Matt Elkott saying he is raising his 2022 Class 8 industry production forecast to 375,000 units, from 365,000 units, attributable to four factors: a possible easing in driver recruitment challenges; expected improvement in manufacturing supply chains and wider availability of materials; freight volume growth that he sees remaining solid throughout 2022 and new engine technologies. 5. Matador (MTDR) upgraded to Buy from Neutral at MKM Partners with analyst John Gerdes citing valuation and the company's Northern Delaware basin execution for the upgrade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Matador upgraded to Buy on valuation at MKM Partners » 07:5707/1607/16/21
MKM Partners analyst John…
MKM Partners analyst John Gerdes upgraded Matador Resources to Buy from Neutral with a price target of $40, up from $34. The analyst cites valuation and the company's Northern Delaware basin execution for the upgrade. Structurally, the business model should generate an 11% average corporate return, Gerdes tells investors in a research note. From 2021 through 2026, he believes Matador should generate $2.3B of free cash flow, which is 55%-60% of the company's market capitalization.
Matador upgraded to Buy from Neutral at MKM Partners » 05:5707/1607/16/21
MKM Partners analyst John…
MKM Partners analyst John Gerdes upgraded Matador to Buy from Neutral with a $40 price target.
Matador price target raised to $50 from $43 at Truist » 08:5407/0107/01/21
Truist analyst Neal…
Truist analyst Neal Dingmann raised the firm's price target on Matador to $50 from $43 and keeps a Buy rating on the shares as part of a broader research note on Energy E&Ps. The analyst is updating his model with a 10% increase in assumed oil prices for 2021-2023 and also includes free cash flows in addition to EBITDA projections in his valuation analysis.
|Over a quarter ago|
Fly Intel: Top five analyst downgrades » 09:5306/1006/10/21
FSLY, CLR, MTDR, NLSN, QTS
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Fastly (FSLY) downgraded to Perform from Outperform at Oppenheimer with analyst Timothy Horan saying outages happen to all cloud companies, and Fastly "responded rapidly and with candor," but switching costs for content delivery networks are relatively low, and customers may now look for second-source providers. 2. Continental Resources (CLR) downgraded to Sector Perform from Outperform at RBC Capital with analyst Scott Hanold attributing his rating change to the stock's strong relative performance and believes that its upside is now inline with its peers, though his increased price target reflects his updated commodity price outlook. 3. Matador (MTDR) downgraded to Neutral from Buy at MKM Partners with analyst John Gerdes saying the stock has appreciated over 50% since late March and now reflects fair value. 4. Nielsen (NLSN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Toni Kaplan saying while she previously recommended buying Nielsen shares based on her view that the sale of Connect could unlock value, with the stock having roughly doubled since October 31, Kaplan now sees the positive catalysts as being priced in and views the risk-reward as balanced. 5. QTS Realty Trust (QTS) downgraded to Hold from Buy at Truist with analyst Greg Miller noting that he had initially expected another bidder to emerge, but after speaking with industry contacts he now believes that this Blackstone deal likely represents the best deal investors are going to see this year. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.