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Fly News Breaks for December 17, 2019
JNJ, VRA, PH, FCX, MU
Dec 17, 2019 | 10:08 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Micron (MU) upgraded to Outperform from Neutral at Wedbush with analyst Matt Bryson saying the upgrade is not a call on the quarter, as he doesn't expect meaningful upside to Q1 and expects the company's Q2 outlook to also be muted or in-line with the Street, but that he sees an improving memory dynamic. 2. Freeport McMoRan (FCX) upgraded to Outperform from Market Perform at BMO Capital with analyst David Gagliano saying Freeport shares are positioned to be the "go to" name within the U.S. Metals & Mining sector for those seeking exposure to a broader macro-economic demand recovery in 2020. 3. Parker-Hannifin (PH) was upgraded to Buy from Neutral at BofA/Merrill and to Buy from Hold at Stifel. 4. Vera Bradley (VRA) upgraded to Outperform from Market Perform at Cowen with analyst Oliver Chen saying he believes performance and "hands free" driven product innovation will drive consistent comps. 5. Johnson & Johnson (JNJ) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Lewis saying pharma growth is likely to accelerate in 2020, which historically has lifted the stock's multiple, while its Consumer segment is stabilizing and the Medical Devices & Diagnostics unit has seen "six consecutive quarters of momentum improvement." 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 MU;FCX;PH;VRA;JNJ From the Last 2 Days
MU
Oct 25, 2021 | 12:01 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.  1... To see the rest of the story go to thefly.com. See Story Here
MU
Oct 25, 2021 | 10:00 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. SELL MICRON: Bernstein... To see the rest of the story go to thefly.com. See Story Here
MU
Oct 25, 2021 | 09:54 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Warby Parker (WRBY) initiated with a Buy at Goldman Sachs, an Outperform at Cowen, Telsey Advisory, and Baird, an Equal Weight at Morgan Stanley and an In Line at Evercore ISI. 2. Norwegian Cruise Line (NCLH) initiated with a Buy at Citi. 3. Micron (MU) initiated with an Underperform at Bernstein. 4. Amplitude (AMPL) initiated with an Overweight at KeyBanc, with an Equal Weight at Morgan Stanley, a Neutral at BofA and Baird. 5. IntercontinentalExchange (ICE) resumed with a Buy at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MU
Oct 25, 2021 | 08:49 EDT
Evercore ISI analyst C.J. Muse noted after a 6.5 magnitude earthquake struck Taiwan that it his understanding that this has negatively impacted Micron's production at its Taoyuan facility, which he said accounts for about one-third of Micron's total DRAM capacity in a market where the company has about 25% industry market share. The analyst, who said the full extent and magnitude are not completely clear, but are "something to watch," thinks any meaningful production hit could pull in a DRAM pricing inflection sooner than current consensus expectations. Given the 30% pullback in the shares since the April peak and the potential for a DRAM pricing trough that may come sooner than expected, Muse sees "a very interesting risk/reward" and maintains his Outperform rating and $100 price target on Micron shares.
MU
Oct 25, 2021 | 08:35 EDT
Bernstein analyst Mark Li initiated coverage of Samsung (SSNLF) with an Underperform rating and KRW 51,300 price target. He sees Memory having "a positive structural view," but finds the sector's cyclicality "too painful to ignore." Li, who also began coverage of Micron (MU) and SK hynix with Underperform ratings, said he likes Micron most among the three companies.