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Fly Intel: Top five analyst upgrades » 10:17
02/10/20
02/10
10:17
02/10/20
10:17
FDX

FedEx

$160.20 /

+4.48 (+2.88%)

, LYFT

Lyft

$52.70 /

+2.71 (+5.42%)

, SMPL

Simply Good Foods

$23.94 /

+0.82 (+3.55%)

, GOOS

Canada Goose

$30.86 /

-0.95 (-2.99%)

, ICE

IntercontinentalExchange

$94.67 /

+2.06 (+2.22%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. FedEx (FDX) upgraded to Buy from Neutral at UBS with analyst Thomas Wadewitz saying his favorable view for the stock is supported by low expectations for its earnings as well as the company's "visible" efforts to improve the B2C cost structure of its Express business, even though the visibility on the timing of its margin improvement remains "somewhat limited." 2. Lyft (LYFT) upgraded to Buy from Neutral at Northcoast. 3. Simply Good Foods (SMPL) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Jason English saying since the company reported earnings on January 9, the stock is down 17% on concerns over missing consensus growth expectations. 4. Canada Goose (GOOS) upgraded to Outperform from Neutral at Baird with analyst Jonathan Komp saying Komp is encouraged that Canada Goose shares fell only modestly after the company cut earnings estimates greater than 20% on the coronavirus impact. 5. IntercontinentalExchange (ICE) upgraded to Overweight from Equal Weight at Wells Fargo with analyst Christopher Harris saying the decline in IntercontinentalExchange's stock price since news of a potential eBay (EBAY) acquisition first surfaced has created an attractive entry point for investors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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Simply Good Foods upgraded to Conviction Buy from Buy at Goldman Sachs » 21:15
02/09/20
02/09
21:15
02/09/20
21:15
SMPL

Simply Good Foods

$23.12 /

-0.71 (-2.98%)

, BRBR

BellRing Brands

$21.24 /

-1.42 (-6.27%)

Goldman Sachs analyst…

Goldman Sachs analyst Jason English added Simply Good Foods (SMPL) to Goldman's Americas Conviction List while keeping a Buy rating on the shares with a $34 price target. Since the company reported earnings on January 9, the stock is down 17% on concerns over missing consensus growth expectations, English tells investors in a research note. However, the selloff is overdone as the miss was not a sign of reduced demand but rather improved inventory management at key retailer, contends the analyst. English also reiterates a Buy rating on BellRing Brands (BRBR) with a $26 price target. He sees "strong investment appeal" in both stocks.

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Initiation
Simply Good Foods initiated with a Buy at Jefferies » 17:29
01/22/20
01/22
17:29
01/22/20
17:29
SMPL

Simply Good Foods

$24.96 /

-0.17 (-0.68%)

Jefferies analyst Rob…

Jefferies analyst Rob Dickerson initiated coverage of Simply Good Foods with a Buy rating and $30 price target. The analyst says the company is the "fastest growing publicly-traded food company" he knows, also offering a "successful marketing plan and a proven management team". Dickerson adds that Simply Good Foods offers an asset-light business model and high free cash flow, which support its forward funding ability for future acquisitions.

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Initiation
Simply Good Foods initiated with a Buy at Jefferies » 16:18
01/22/20
01/22
16:18
01/22/20
16:18
SMPL

Simply Good Foods

$24.96 /

-0.17 (-0.68%)

Jefferies analyst Rob…

Jefferies analyst Rob Dickerson initiated coverage of Simply Good Foods with a Buy rating and $30 price target.

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Over a month ago
Recommendations
Simply Good earnings selloff a 'compelling' buying opportunity, says DA Davidson » 08:00
01/10/20
01/10
08:00
01/10/20
08:00
SMPL

Simply Good Foods

$24.84 /

-2.96 (-10.65%)

DA Davidson analyst Brian…

DA Davidson analyst Brian Holland said Simply Good Foods' headline Q1 earnings miss and below consensus FY20 revenue guidance were exacerbated by cautious remarks about the overall competitive environment. However, he views the Q1 miss as "more noise than news," noted that the guidance was in-line with his expectations and said he is not concerned about inventory and the category backdrop. He thinks the market is being overly sensitive to commentary from what he said "has always been a conservative management team" and views the post-earnings pullback as a "compelling buying opportunity," Holland tells investors. He maintains a Buy rating on Simply Good shares with a $33 price target.

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Recommendations
Simply Good Foods headline results 'distorted' by M&A timing, says Goldman Sachs » 07:09
01/10/20
01/10
07:09
01/10/20
07:09
SMPL

Simply Good Foods

$24.84 /

-2.96 (-10.65%)

Goldman Sachs analyst…

Goldman Sachs analyst Jason English acknowledges that Simply Good Foods' headline Q1 results fell short of consensus expectations, but he contends the headlines "are distorted by M&A timing." Organic sales growth of roughly 12% "impressed" and the sales shortfall is "entirely due to less M&A contribution," according to English, who also said he view the company's guidance as "good-enough (if not outright good)." The analyst, who recommends buying shares amid any weakness at the open, has a Buy rating and $32 price target on Simply Good shares.

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Recommendations
Simply Good Foods selloff yesterday a buying opportunity, says Wells Fargo » 06:57
01/10/20
01/10
06:57
01/10/20
06:57
SMPL

Simply Good Foods

$24.84 /

-2.96 (-10.65%)

Wells Fargo analyst John…

Wells Fargo analyst John Baumgartner recommends buying shares of Simply Good Foods on yesterday's selloff. The company's fiscal Q1 revenue missed expectations but its fiscal 2020 EBITDA guidance beat, Baumgartner tells investors in a research note. The post-earnings selloff was "far worse than warranted," says Baumgartner, who keeps an Overweight rating on the shares with a $35 price target.

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Earnings
Simply Good Foods sees FY20 adj. EPS 90c-95c, consensus 75c » 07:14
01/09/20
01/09
07:14
01/09/20
07:14
SMPL

Simply Good Foods

$27.80 /

+0.08 (+0.29%)

Sees FY20 revenue…

Sees FY20 revenue $850M-$870M, consensus $873.29M. "We are pleased with our start to the year and the progress we are making against our strategic initiatives that build on our existing capabilities and strengthen our brands. Of course, one of our key goals in 2020 is the integration of Quest. I'm pleased to report that this work is well underway and progressing as planned. Collaboration of both leadership teams is excellent and gives us confidence that we will deliver on our integration plans. We have good marketplace momentum across the business and are confident in achieving our fiscal 2020 financial commitments," CEO Joe Scalzo concluded. For the full year fiscal 2020, the Company updated its outlook for the acquisition of Quest and anticipates full-year net sales of $850M-870M and Adjusted EBITDA of $154M-158M. The outlook for legacy Atkins net sales and Adjusted EBITDA growth remains unchanged from guidance provided on October 29, 2019. Recall, the Company expects legacy Atkins net sales growth for the fifty-two weeks ended August 29, 2020, to be at the high end of its long-term net sales growth target of 4% to 6% versus the fifty-three weeks ended August 31, 2019. Legacy Atkins Adjusted EBITDA is expect to grow at a somewhat higher rate than its expectation for net sales. Additionally, the Company estimates that the extra week included in fiscal year 2019 is a headwind to year-over-year comparisons of reported legacy Atkins net sales growth in fiscal 2020 of about 2%.

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Earnings
Simply Good Foods reports Q1 adj. EPS 22c, consensus 20c » 07:11
01/09/20
01/09
07:11
01/09/20
07:11
SMPL

Simply Good Foods

$27.80 /

+0.08 (+0.29%)

Reports Q1 revenue…

Reports Q1 revenue $152.2M, consensus $161.75M. "Simply Good Foods, first quarter results represent a good start to fiscal 2020 as we build on our strong 2019 performance," said Joseph Scalzo, President and CEO. "Our legacy Atkins sales and profit growth were in line with our expectations and positions us nicely to deliver on our financial commitments. We are particularly pleased with our Atkins brand retail takeaway performance for the thirteen weeks ended December 1, 2019, which increased 10.7% in the U.S. measured channels despite a very difficult comparison in the same period a year ago. In addition to our legacy Atkins growth, Quest contributed to the increased sales and earnings and is a valuable addition to our nutritional snacking portfolio.The Quest acquisition is an exciting milestone for Simply Good Foods and strengthens our leadership within the nutritional snacking category. Quest gives us valuable customer and supplier scale while also providing us with a unique brand promise and consumer target. Our branded portfolio capitalizes on the growing consumer mega-trends that include growing snacking incidence and consumer desire for health and wellness, convenience and meal replacement products. We will continue to invest in our brands and are confident in our short and long term plans to drive growth through superior brand marketing and programs, expanded distribution and new products. We remain confident in our business growth opportunities moving forward and our ability to execute against our strategic initiatives to create value for our stockholders."

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Initiation
Fly Intel: Top five analyst initiations » 10:08
12/12/19
12/12
10:08
12/12/19
10:08
PTON

Peloton

$32.33 /

+0.23 (+0.72%)

, USWS

U.S. Well Services

$1.36 /

+0.12 (+9.68%)

, AMRS

Amyris

$3.39 /

+0.14 (+4.31%)

, SMPL

Simply Good Foods

$28.00 /

+0.14 (+0.50%)

, FVRR

Fiverr

$21.27 /

-0.31 (-1.44%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Peloton (PTON) initiated with a Buy at Argus. 2. U.S. Well Services (USWS) initiated with a Buy at Stifel. 3. Amyris (AMRS) initiated with an Outperform at Oppenheimer. 4. Simply Good Foods (SMPl) resumed with Buy at Deutsche Bank. 5. Fiverr (FVRR) initiated with a Neutral at Cantor Fitzgerald. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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