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Fly News Breaks for February 20, 2018
UPS, H, FLS, CMG, OLED, MAR
Feb 20, 2018 | 10:31 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Chipotle (CMG) upgraded to Hold from Sell at Stifel with analyst Chris O'Cull saying that his opinion of the company's fundamentals has not changed, but sentiment has improved and he believes investor optimism will likely outweigh fundamentals in the near-term. 2. Hyatt (H) and Marriott (MAR) were upgraded to In Line from Underperform at Evercore ISI. 3. Flowserve (FLS) upgraded to Sector Perform from Underperform at RBC Capital with analyst Deane Dray citing his expectations of an announcement of a turnaround plan from the new CEO and believes the stock may have bottomed, since the fourth quarter operating miss and "low-balled fiscal 2018 outlook" did not produce new selling pressure. 4. UPS (UPS) upgraded to Buy from Hold at Edward Jones. 5. Universal Display (OLED) upgraded to Buy from Hold at Needham with analyst James Ricchiuti saying he has been looking for the right entry point on the stock since the summer, and the recent 25% selloff from the high offers that opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For CMG;H;MAR;FLS;UPS;OLED From the Last 2 Days
CMG
Oct 22, 2018 | 10:36 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Intel (INTC) upgraded to Buy from Neutral at Nomura Instinet with analyst Romit Shah saying he believes Intel is a buy at current share levels. 2. AT&T (T) upgraded to Buy from Neutral at Tigress Financial with analyst Ivan Feinseth saying the upcoming launch of its high-speed 5G wireless communication network and the integration of Time Warner's content "creates a significant investment opportunity." 3. M&T Bank (MTB) upgraded to Overweight from Neutral at Piper Jaffray with analyst Kevin Barker saying this quarter, M&T's deposit base remained steady, its loan/deposit ratio declined and management felt confident the ratio would remain in the 95%-100% range for the foreseeable future. 4. Chipotle (CMG) upgraded to Outperform from Sector Perform at RBC Capital with analyst David Palmer saying while Q3 earnings may be "lackluster," he expects comps to improve from 4% to 6% through the second half of FY19 and raises his FY20 EPS vie to $16.30 from $15.86 on implied 3-turn multiple increase to 31-times forward earnings. 5. SAP (SAP) upgraded to Buy from Neutral at UBS with analyst Michael Briest saying the company deserves credit for sustaining 6%-10% underlying sales growth over the past 12 quarters, with "impressive" cloud growth at scale. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CMG
Oct 22, 2018 | 07:35 EDT
UBS analyst Dennis Geiger said his analysis of Chipotle's customer reviews shows a decline in customer perceptions since the Ohio food safety incident and he believes the trends will need to show more significant improvement before an accelerating sales recovery. He said its current EBITDA valuation is reflecting a significant and timely recovery, but he believes risks and uncertainty exist. Geiger maintained his Sell rating and $370 price target on Chipotle shares.