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Fly News Breaks for February 24, 2020
Feb 24, 2020 | 10:21 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. First Solar (FSLR) double downgraded to Underperform from Buy at BofA with analyst Julien Dumoulin-Smith saying after the company's "execution hurdles" in fiscal 2019, the analyst sees First Solar's lower than expected fiscal 2020 guidance and announced strategic review of the Systems business as underscoring a "materially lower profile" at the Systems unit. 2. Enbridge (ENB) downgraded to Sell from Neutral at Goldman Sachs with analyst Michael Lapides saying he believes after sizable outperformance and a major share price rally recently, risk/reward appears more unfavorable now - especially given our EBITDA estimates appear below consensus. 3. Domino's Pizza (DPZ) downgraded to Market Perform from Outperform at Cowen with analyst Andrew Charles saying the risk/reward has flipped to the downside and although he is positively biased on the company, he feels it is better to wait for an attractive entry point that offers better valuation upside. 4. Wayfair (W) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Simeon Gutman saying Wayfair's fundamentals deteriorate when the market is less tolerant of unprofitable online retailers. 5. L Brands (LB) downgraded to Neutral from Outperform at Baird. 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 FSLR;ENB;DPZ;W;LB From the Last 2 Days
May 6, 2021 | 17:50 EDT
As previously reported, Stifel analyst Scott Devitt upgraded Wayfair to Hold from Sell with a price target of $280, up from $200. The analyst noted that Wayfair's Q1 revenue and margin results were ahead of expectations, adding that while Wayfair management did not provide formal Q2 guidance, it did note quarter-to-date gross revenue is "trending in line with expectations and positioned adjusted EBITDA at least 7% ahead of prior expectations." Devitt's long-term outlook for Wayfair reflects "the stronger profitability trajectory driven by recent investments in supply chain efficiencies and supplier services as well as better wholesale economics."
May 6, 2021 | 16:38 EDT
Stifel analyst Scott Devitt upgraded Wayfair to Hold from Sell with a price target of $280, up from $200.
May 6, 2021 | 09:07 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  UP AFTER EARNINGS... To see the rest of the story go to See Story Here
May 5, 2021 | 14:34 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include FIS (FIS), consensus $1.22... Zoetis (ZTS), consensus $1.03... Becton Dickinson (BDX), consensus $3.04... Wayfair (W), consensus 22c... ViacomCBS (VIAC), consensus $1.21... Kellogg (K), consensus 96c... Cardinal Health (CAH), consensus $1.55... Penn National (PENN), consensus 29c... Tapestry (TPR), consensus 31c... Norwegian Cruise Line (NCLH), consensus ($2.05)... Nielsen (NLSN), consensus 32c... II-VI (IIVI), consensus 88c... SeaWorld (SEAS), consensus (77c)... CommScope (COMM), consensus 29c... Vonage Holdings (VG), consensus 4c... Vista Outdoor (VSTO), consensus 65c.
May 5, 2021 | 12:48 EDT
Welcome to The Fly's latest edition of "Charged," where we look back at some recent analysts' notes, news and activity in the electric vehicle and clean energy space. FIRST QUARTER BEAT:... To see the rest of the story go to See Story Here
May 4, 2021 | 07:34 EDT
Northcoast analyst Jim Sanderson downgraded Domino's Pizza to Neutral from Buy.