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Fly News Breaks for January 21, 2020
COST, DAL, LB, JBHT, INTC
Jan 21, 2020 | 10:28 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Intel (INTC) upgraded to Hold from Underperform at Jefferies with analyst Mark Lipacis saying he sees three catalysts that "set the table for dramatic change in 2020-21," namely the fact that ten long-standing senior executives have left Intel in the past six months, the fact that the company has ceded transistor leadership in the industry for the "first time in decades" and the fact that the CEO's bonus plan includes a $30M performance bonus that kicks in should the stock hit $62 for 30 days. 2. Costco (COST) upgraded to Outperform from Perform at Oppenheimer analyst Rupesh Parikh saying as he looks to the balance of 2020, he sees a muted upside outlook for his food retailing universe, but believes Costco and Dollar General (DG) can deliver outsized gains versus peers in this backdrop. 3. Delta Air Lines (DAL) upgraded to Buy from Hold at Argus with analyst John Staszark saying he sees fleet upgrades and share buybacks as catalysts for the stock. Further, Delta is well managed with a strong balance sheet and cash flow, industry-leading execution, and stable operating earnings. 4. L Brands (LB) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying the "stark differential" in performance between Victoria's Secret and Bath & Body Works, and lack of any discernible turnaround at Victoria's Secret, makes a value creating transaction more likely. 5. J.B. Hunt (JBHT) upgraded to Outperform from Market Perform at Raymond James with analyst Patrick Brown saying that while he appreciates the malaise in the intermodal market driven in part by a loose truck environment, the upgrade is based on his view that J.B. Hunt has seen "peak pain" across a number of metrics including EPS declines, ICS losses and intermodal volume optics. 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 JBHT;LB;DAL;COST;INTC From the Last 2 Days
INTC
Feb 27, 2021 | 08:14 EDT
Welcome to The Fly's latest edition of "Charged," where we look at some analysts' notes, news and activity in the electric vehicle and clean energy space. TESLA HALTS MODEL... To see the rest of the story go to thefly.com. See Story Here
COST
Feb 26, 2021 | 12:08 EDT
Wall Street was hammered yesterday as bond yields soared despite assurances from the Fed that the heat up in inflation is not a threat to their "lower for longer" policy pledge. Risk aversion continued... To see the rest of the story go to thefly.com. See Story Here
LB
Feb 26, 2021 | 09:54 EST
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. HP Inc. (HPQ) upgraded to Overweight with $35 price target at JPMorgan with analyst Paul Coster saying the company posted fiscal Q1 results well above expectations on work from home and remote learning demand across both PCs and consumer printers. 2. Elanco (ELAN) upgraded to Outperform from Neutral at Credit Suisse with analyst Erin Wilson Wright saying she has "incremental conviction" in its path forward to more consistent 3%-4% annual sales growth and "meaningful" margin expansion. 3. Carvana (CVNA) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas seeing Carvana being uniquely positioned to serve an automotive and transportation market that goes far beyond the used car market, contends that "describing Carvana as just a 'used car dealer' is like describing Amazon nearly two decades ago as just an online book seller." 4. Monster Beverage (MNST) upgraded to Outperform from In Line at Evercore ISI with analyst Robert Ottenstein saying he expects growth to benefit this year from a broad-based consumer recovery, but also the continued strength in residential construction and potential infrastructure spending, given that energy drinks, and Monster in particular, "over-index to construction workers." 5. L Brands (LB) upgraded to Overweight from Equal Weight at Morgan Stanley, upgraded to Outperform from In Line at Evercore ISI and upgraded to Neutral from Sell at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LB
Feb 26, 2021 | 09:34 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly.  BEST BUY A... To see the rest of the story go to thefly.com. See Story Here
LB
Feb 26, 2021 | 07:00 EST
As previously reported, Morgan Stanley analyst Kimberly Greenberger upgraded L Brands to Overweight from Equal Weight with a price target of $65, up from $45. The company's second half results fiscal first quarter guidance confirm that Victoria's Secret is hitting a profit inflection point and that Bath & Body Works could deliver higher profit than it has historically as it shows no signs of topline deceleration, Greenberger tells investors in a post-earnings research note. The company will be more profitable in 2021 "than it was for the last 5 years," argues Greenberger, who sees the improvement at the one brand and ongoing strength at the other offering "a clearer path to separation."
LB
Feb 26, 2021 | 06:33 EST
As previously repoted, Evercore ISI analyst Omar Saad upgraded L Brands to Outperform from In Line with a price target of $75, up from $50. The company reported "surprisingly robust" margin expansion at Victoria's Secret, said Saad, who thinks "an important culture shift has begun at the company" that gives the brand "a much better chance to succeed." While Bath & Body Works has "evolved into an extremely attractive consumer discretionary business," according to Saad, "perhaps no brand has transformed its fundamental earnings power and outlook more over the course of the pandemic" than Victoria's Secret, the analyst argues.
LB
Feb 26, 2021 | 06:02 EST
Evercore ISI analyst Omar Saad upgraded L Brands to Outperform from In Line.