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Fly Intel: Top five analyst downgrades » 09:54
09/01/21
09/01
09:54
09/01/21
09:54
FB

Facebook; also tag MVRS

$380.92 /

+1.43 (+0.38%)

, DTE

DTE Energy

$120.16 /

-0.12 (-0.10%)

, AMC

AMC Entertainment

$47.33 /

+0.2 (+0.42%)

, RDI

Reading International

$5.14 /

+ (+0.00%)

, CNI

Canadian National

$123.07 /

+5.41 (+4.60%)

, KSU

Kansas City Southern

$287.20 /

+6.62 (+2.36%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Neutral from Buy at Rosenblatt with analyst Mark Zgutowicz saying Apple's (AAPL) IDFA changes "took away its trump card" and "inadvertently brightens the spotlight" on ad share momentum shift from Facebook to Gen-Z favored short video apps. 2. DTE Energy (DTE) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Neil Kalton saying "this is a valuation call" with the stock outperforming the S&P Utilities index by 700 basis points year-to-date. 3. AMC Entertainment (AMC) downgraded to Underperform from Neutral at Macquarie with analyst Chad Beynon saying he is concerned with the number of mid-tier release movies. 4. Reading International (RDI) downgraded to Neutral from Outperform at Macquarie with analyst Chad Beynon saying he reducing his second half, 2022 and 2023 domestic box office estimates, which affects his revenue estimate, Beynon tells investors. 5. Canadian National (CNI) and Kansas City Southern (KSU) downgraded to Hold from Buy at Loop Capital with analyst Rick Paterson citing yesterday's decision from the Surface Transportation Board against the former in pursuit of the latter. 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 >><<
FB Facebook; also tag MVRS
$380.92 /

+1.43 (+0.38%)

DTE DTE Energy
$120.16 /

-0.12 (-0.10%)

CNI Canadian National
$123.07 /

+5.41 (+4.60%)

AMC AMC Entertainment
$47.33 /

+0.2 (+0.42%)

FB Facebook; also tag MVRS
$380.92 /

+1.43 (+0.38%)

09/01/21 Rosenblatt
Facebook downgraded to Neutral from Buy at Rosenblatt
08/23/21
Fly Intel: Top five analyst downgrades
08/23/21 Arete
Facebook downgraded to Neutral from Buy at Arete
07/29/21 Truist
Facebook price target raised to $425 from $400 at Truist
DTE DTE Energy
$120.16 /

-0.12 (-0.10%)

09/01/21 Wells Fargo
DTE downgraded to Equal Weight on valuation at Wells Fargo
09/01/21 Wells Fargo
DTE Energy downgraded to Equal Weight from Overweight at Wells Fargo
08/05/21 Mizuho
DTE Energy price target raised to $126 from $123 at Mizuho
07/28/21 Wells Fargo
DTE Energy price target raised to $128 from $120 at Wells Fargo
AMC AMC Entertainment
$47.33 /

+0.2 (+0.42%)

09/01/21 Macquarie
AMC Entertainment downgraded to Underperform from Neutral at Macquarie
08/30/21 JPMorgan
Movie executives see 10% of screens closing, down from 15%, says JPMorgan
08/24/21 MKM Partners
Slow box office to make AMC Entertainment recovery difficult, says MKM Partners
08/19/21 Citi
AMC Entertainment price target raised to $5 from $3.70 at Citi
RDI Reading International
$5.14 /

+ (+0.00%)

09/01/21 Macquarie
Reading International downgraded to Neutral from Outperform at Macquarie
CNI Canadian National
$123.07 /

+5.41 (+4.60%)

09/01/21
Fly Intel: Top five analyst upgrades
09/01/21 Loop Capital
Canadian National, Kansas City Southern cut to Hold at Loop Capital
09/01/21 Citi
Citi upgrades Canadian National to Buy on operating ratio refocus
09/01/21 Citi
Canadian National upgraded to Buy from Neutral at Citi
KSU Kansas City Southern
$287.20 /

+6.62 (+2.36%)

09/01/21 Loop Capital
Kansas City Southern downgraded to Hold from Buy at Loop Capital
08/12/21 Argus
Canadian Pacific downgraded to Hold from Buy at Argus
RDI Reading International
$5.14 /

+ (+0.00%)

KSU Kansas City Southern
$287.20 /

+6.62 (+2.36%)

FB Facebook; also tag MVRS
$380.92 /

+1.43 (+0.38%)

DTE DTE Energy
$120.16 /

-0.12 (-0.10%)

CNI Canadian National
$123.07 /

+5.41 (+4.60%)

AMC AMC Entertainment
$47.33 /

+0.2 (+0.42%)

FB Facebook; also tag MVRS
$380.92 /

+1.43 (+0.38%)

CNI Canadian National
$123.07 /

+5.41 (+4.60%)

AMC AMC Entertainment
$47.33 /

+0.2 (+0.42%)

RDI Reading International
$5.14 /

+ (+0.00%)

KSU Kansas City Southern
$287.20 /

+6.62 (+2.36%)

FB Facebook; also tag MVRS
$380.92 /

+1.43 (+0.38%)

CNI Canadian National
$123.07 /

+5.41 (+4.60%)

AMC AMC Entertainment
$47.33 /

+0.2 (+0.42%)

KSU Kansas City Southern
$287.20 /

+6.62 (+2.36%)

FB Facebook; also tag MVRS
$380.92 /

+1.43 (+0.38%)

CNI Canadian National
$123.07 /

+5.41 (+4.60%)

AMC AMC Entertainment
$47.33 /

+0.2 (+0.42%)

Downgrade
Reading International downgraded to Neutral from Outperform at Macquarie » 06:41
09/01/21
09/01
06:41
09/01/21
06:41
RDI

Reading International

$5.14 /

+0.15 (+3.01%)

Macquarie analyst Chad…

Macquarie analyst Chad Beynon downgraded Reading International to Neutral from Outperform. He is concerned with the number of mid-tier release movies and is reducing his second half, 2022 and 2023 domestic box office estimates, which affects his revenue estimate, Beynon tells investors.

ShowHide Related Items >><<
RDI Reading International
$5.14 /

+0.15 (+3.01%)

RDI Reading International
$5.14 /

+0.15 (+3.01%)

On The Fly
Fly Intel: Pre-market Movers » 08:54
05/17/21
05/17
08:54
05/17/21
08:54
DISCA

Discovery

$35.66 /

+0.43 (+1.22%)

, T

AT&T

$32.22 /

+ (+0.00%)

, APLS

Apellis

$44.25 /

-1.315 (-2.89%)

, HIMS

Hims & Hers

$8.84 /

+0.665 (+8.14%)

, ONDS

Ondas

$6.09 /

+0.315 (+5.45%)

, RDI

Reading International

$5.95 /

+0.21 (+3.66%)

, TWNK

Hostess Brands

$15.71 /

+0.13 (+0.83%)

, ALT

Altimmune

$13.35 /

+0.63 (+4.95%)

, CLOV

Clover Health

$7.51 /

+0.25 (+3.44%)

, APPH

AppHarvest

$11.91 /

+0.54 (+4.75%)

, IBIO

iBio

$1.47 /

-0.01 (-0.68%)

, CGAU

Centerra Gold

$7.14 /

-0.23 (-3.12%)

, DISCK

Discovery Inc.

$30.75 /

+0.2 (+0.65%)

Check out this morning's…

ShowHide Related Items >><<
TWNK Hostess Brands
$15.71 /

+0.13 (+0.83%)

T AT&T
$32.22 /

+ (+0.00%)

ONDS Ondas
$6.09 /

+0.315 (+5.45%)

IBIO iBio
$1.47 /

-0.01 (-0.68%)

HIMS Hims & Hers
$8.84 /

+0.665 (+8.14%)

DISCK Discovery Inc.
$30.75 /

+0.2 (+0.65%)

DISCA Discovery
$35.66 /

+0.43 (+1.22%)

CLOV Clover Health
$7.51 /

+0.25 (+3.44%)

CGAU Centerra Gold
$7.14 /

-0.23 (-3.12%)

APPH AppHarvest
$11.91 /

+0.54 (+4.75%)

APLS Apellis
$44.25 /

-1.315 (-2.89%)

ALT Altimmune
$13.35 /

+0.63 (+4.95%)

DISCA Discovery
$35.66 /

+0.43 (+1.22%)

05/17/21 Citi
Discovery upgraded to Buy from Neutral at Citi
05/07/21
Fly Intel: Top five analyst upgrades
05/07/21 Barclays
Discovery upgraded to Equal Weight from Underweight at Barclays
04/30/21
Fly Intel: Top five analyst upgrades
T AT&T
$32.22 /

+ (+0.00%)

04/28/21 Deutsche Bank
AT&T price target raised to $34 from $31 at Deutsche Bank
04/27/21 MoffettNathanson
Verizon downgraded to Neutral from Buy at MoffettNathanson
04/23/21 Barclays
AT&T price target raised to $34 from $31 at Barclays
APLS Apellis
$44.25 /

-1.315 (-2.89%)

04/16/21
Fly Intel: Top five analyst initiations
04/16/21 Goldman Sachs
Apellis initiated with a Buy at Goldman Sachs
04/14/21 Citi
Apellis year-to-date selloff brings 'very good entry point,' says Citi
03/29/21 JPMorgan
Apellis added to Analyst Focus List with $87 target at JPMorgan
HIMS Hims & Hers
$8.84 /

+0.665 (+8.14%)

04/21/21
Fly Intel: Top five analyst initiations
04/21/21 Truist
Hims & Hers started with a Hold at Truist on valuation
04/21/21 Truist
Hims & Hers initiated with a Hold at Truist
03/22/21 Citi
Hims & Hers selloff an 'enhanced buying opportunity,' says Citi
ONDS Ondas
$6.09 /

+0.315 (+5.45%)

02/16/21 Northland
Ondas initiated with an Outperform at Northland
12/23/20 Oppenheimer
Ondas initiated with an Outperform at Oppenheimer
RDI Reading International
$5.95 /

+0.21 (+3.66%)

TWNK Hostess Brands
$15.71 /

+0.13 (+0.83%)

04/05/21 JPMorgan
BellRing, Hostess among JPMorgan's 'Own Now' names in food
01/19/21 Stephens
Hostess Brands initiated with an Overweight at Stephens
01/12/21 Jefferies
Hostess Brands price target raised to $18 from $16 at Jefferies
12/10/20 Deutsche Bank
Hostess Brands price target raised to $17 from $15 at Deutsche Bank
ALT Altimmune
$13.35 /

+0.63 (+4.95%)

03/26/21 Piper Sandler
AstraZeneca plan 'opens the door' for Altimmune interest, says Piper Sandler
02/18/21 B. Riley
Altimmune price target raised to $41 from $28 at B. Riley Securities
02/17/21 Piper Sandler
Piper remains bullish on Altimmune after FDA clears Covid vaccine trial
02/10/21 Guggenheim
Altimmune initiated with a Buy at Guggenheim
CLOV Clover Health
$7.51 /

+0.25 (+3.44%)

03/09/21 Credit Suisse
Clover Health initiated with a Neutral at Credit Suisse
03/03/21 Citi
Clover Health price target lowered to $13 from $19 at Citi
02/02/21
Fly Intel: Top five analyst initiations
02/02/21 Citi
Clover Health initiated with a Buy at Citi
APPH AppHarvest
$11.91 /

+0.54 (+4.75%)

02/11/21
Fly Intel: Top five analyst initiations
02/11/21 Cowen
AppHarvest appealing to food and water investors, Cowen starts with Outperform
02/11/21 Cowen
AppHarvest initiated with an Outperform at Cowen
IBIO iBio
$1.47 /

-0.01 (-0.68%)

01/21/21 Cantor Fitzgerald
Cantor starts 'under the radar' iBio with Overweight, $3 target
01/21/21 Cantor Fitzgerald
iBio initiated with an Overweight at Cantor Fitzgerald
11/18/20 Alliance Global Partners
iBio price target lowered to $2 from $3.10 at Alliance Global Partners
08/11/20 Alliance Global Partners
iBio price target raised to $6.65 from $2.55 at Alliance Global Partners
CGAU Centerra Gold
$7.14 /

-0.23 (-3.12%)

05/12/21 TD Securities
Centerra Gold price target lowered to C$10 from C$15.50 at TD Securities
05/12/21 Canaccord
Centerra Gold upgraded to Speculative Buy from Hold at Canaccord
05/10/21 National Bank
Centerra Gold price target lowered to C$10.25 from C$18.50 at National Bank
05/10/21 Scotiabank
Centerra Gold price target lowered to C$8 from C$19 at Scotiabank
DISCK Discovery Inc.
$30.75 /

+0.2 (+0.65%)

12/01/20 Morgan Stanley
Discovery price target raised to $28 from $22 at Morgan Stanley
TWNK Hostess Brands
$15.71 /

+0.13 (+0.83%)

T AT&T
$32.22 /

+ (+0.00%)

RDI Reading International
$5.95 /

+0.21 (+3.66%)

ONDS Ondas
$6.09 /

+0.315 (+5.45%)

IBIO iBio
$1.47 /

-0.01 (-0.68%)

HIMS Hims & Hers
$8.84 /

+0.665 (+8.14%)

DISCA Discovery
$35.66 /

+0.43 (+1.22%)

CLOV Clover Health
$7.51 /

+0.25 (+3.44%)

APPH AppHarvest
$11.91 /

+0.54 (+4.75%)

APLS Apellis
$44.25 /

-1.315 (-2.89%)

ALT Altimmune
$13.35 /

+0.63 (+4.95%)

  • 14
    Apr
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    Apr
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    Feb
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    Dec
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    Dec
  • 14
    Jul
TWNK Hostess Brands
$15.71 /

+0.13 (+0.83%)

T AT&T
$32.22 /

+ (+0.00%)

HIMS Hims & Hers
$8.84 /

+0.665 (+8.14%)

DISCK Discovery Inc.
$30.75 /

+0.2 (+0.65%)

DISCA Discovery
$35.66 /

+0.43 (+1.22%)

CLOV Clover Health
$7.51 /

+0.25 (+3.44%)

ALT Altimmune
$13.35 /

+0.63 (+4.95%)

T AT&T
$32.22 /

+ (+0.00%)

IBIO iBio
$1.47 /

-0.01 (-0.68%)

DISCK Discovery Inc.
$30.75 /

+0.2 (+0.65%)

DISCA Discovery
$35.66 /

+0.43 (+1.22%)

CLOV Clover Health
$7.51 /

+0.25 (+3.44%)

APLS Apellis
$44.25 /

-1.315 (-2.89%)

ALT Altimmune
$13.35 /

+0.63 (+4.95%)

T AT&T
$32.22 /

+ (+0.00%)

IBIO iBio
$1.47 /

-0.01 (-0.68%)

HIMS Hims & Hers
$8.84 /

+0.665 (+8.14%)

DISCK Discovery Inc.
$30.75 /

+0.2 (+0.65%)

DISCA Discovery
$35.66 /

+0.43 (+1.22%)

CLOV Clover Health
$7.51 /

+0.25 (+3.44%)

APPH AppHarvest
$11.91 /

+0.54 (+4.75%)

APLS Apellis
$44.25 /

-1.315 (-2.89%)

Earnings
Reading International reports Q1 EPS 86c, one est. (80c) » 06:22
05/17/21
05/17
06:22
05/17/21
06:22
RDI

Reading International

$5.95 /

+0.21 (+3.66%)

Reports Q1 revenue…

Reports Q1 revenue $21.3M, one est. $15.22M. President and CEO Ellen Cotter said, "While our Company's cinema operations in the first quarter continued to be negatively impacted by COVID-19, our 'two business/three country' diversified business strategy continued to support our Company through the unprecedented COVID-19 pandemic. The successful monetization of our raw land in Manukau, New Zealand, and Coachella, California, has provided the liquidity to support our Company and its operations as it continues to feel the ongoing impacts of COVID-19. To provide our Company with further liquidity through 2021 and 2022, we are monetizing our Auburn Redyard Centre (which includes the Telstra building and 114,000 square feet of undeveloped land) located in a growth corridor of Sydney, Australia, and our Royal George Theatre in Chicago. We are in exclusive negotiations with a qualified buyer to sell the Auburn Redyard property, and on May 14, 2021, we entered into a definitive purchase and sale agreement with respect to our Royal George Theatre property. While no assurances can be given, we anticipate that both transactions will close during the second quarter of 2021. While these real estate sales have assisted us in paying down debt and provided us with a cash safety net, our business plan is to ultimately redeploy this cash into the further development of our Company's asset base and to the fullest extent possible, to continue to operate our cinema business as a standalone business segment. We have carefully selected the assets to be monetized, and do not see this as a retreat from our ultimate two business strategy. After considering a variety of alternatives, we determined that it would be in the best interests of our Company and our stockholders generally to not dilute equity by issuing stock in the middle of an unprecedented pandemic nor to mortgage our future with high-cost debt. Accordingly, we have chosen to monetize certain assets that are not subject to distressed market conditions or fire sale pricing. We believe that we have in fact achieved premium prices with respect to the real estate assets monetized to date. Regarding our global cinema business, we're also pleased to be seeing a light at the end of the tunnel as the U.S. has been successful in its mass production and distribution of COVID-19 vaccines and Australia and New Zealand continue to keep infection rates low. We are pleased to report that, as of today, 91% of our 61 movie theaters are trading across Australia, New Zealand, and the U.S. And, while the first quarter global movie release schedule could not compare to pre-pandemic levels, we were encouraged by the global box office performance of Godzilla vs. Kong, which demonstrated the pent-up demand among movie-goers to return to the big screen," said Cotter.

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