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Fly News Breaks for January 16, 2020
EPR, CXP, TAC, DLR, IRBT, PNR
Jan 16, 2020 | 10:12 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Pentair (PNR) upgraded to Buy from Neutral at Goldman Sachs with analyst Brian Lee saying he believes that "cyclical dynamics" are beginning to favor the residential end market for the first time in a while as water spending trends inflect positively. 2. iRobot (IRBT) upgraded to Market Perform from Underperform at Raymond James with analyst Brian Gesuale citing no tariff relief in 2020 and limited expense leverage. 3. Digital Realty (DLR) upgraded to Buy from Hold at Jefferies with analyst Jonathan Petersen saying since the company's acquisition agreement with Interxion (INXN) was announced in late October, Digital Realty shares have underperformed data center peers amid an overhang due to some Interxion "shareholder agitation" for an increased bid. 4. TransAlta (TAC) upgraded to Outperform from Neutral at Credit Suisse with analyst Andrew Kuske saying the company's business plans and market environment "have been progressively positive," yet the stock has not yet inflected meaningfully. 5. Columbia Property (CXP) and EPR Properties (EPR) upgraded to Buy from Hold at SunTrust. 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 PNR;IRBT;DLR;TAC;CXP;EPR From the Last 2 Days
IRBT
Oct 27, 2021 | 17:42 EDT
Consensus for FY21 EPS is $2.70. Lowers FY21 revenue view to $1.56B-$1.59B from $1.55B-$1.62B, consensus $1.58B.
IRBT
Oct 27, 2021 | 13:34 EDT
Pre-earnings options volume in iRobot is 1.5x normal with puts leading calls 9:2. Implied volatility suggests the market is anticipating a move near 10.5%, or $8.27, after results are released. Median move over the past eight quarters is 7.5%.
DLR
Oct 27, 2021 | 08:25 EDT
Wells Fargo analyst Eric Luebchow raised the firm's price target on Digital Realty to $170 from $160 and keeps an Overweight rating on the shares. The analyst notes Digital Realty posted an "encouraging" Q3 print, with financial guidance raised across the board and leasing remaining relatively steady with its P4Q average. The company is also managing pressures from the supply chain and higher energy costs well, with no material impacts Q3 and management optimistic that higher input costs will improve pricing and renewal spreads in the future, he contends.
PNR
Oct 26, 2021 | 06:59 EDT
The company expects fourth quarter sales to be up approximately 15%-19% on a reported basis compared to the fourth quarter of 2020, consensus $943.55M.