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Fly News Breaks for February 13, 2020
SPWR, NBLX, AGCO, PVG, SHOP
Feb 13, 2020 | 10:09 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Shopify (SHOP) downgraded to Neutral from Outperform at Credit Suisse with analyst Brad Zelnick saying that despite another strong quarter from Shopify, his positive fundamental view on the company's long-term opportunity, and belief in management's strategy and ability to execute, he's downgrading the shares on its "lofty valuation and embedded expectations." 2. Pretium Resources (PVG) downgraded to Hold from Speculative Buy at Canaccord with analyst Kevin MacKenzie saying the company reported Q4 results which beat expectations but its 2020 and beyond outlook was disappointing. 3. Agco (AGCO) downgraded to Neutral from Buy at Goldman Sachs with analyst Jerry Revich saying he sees better upside to other stocks within his Americas Machinery & Diversified Industrials coverage. 4. Noble Midstream (NBLX) downgraded to Neutral from Outperform at Baird with analyst Ethan Bellamy saying he raised his 2020 free cash flow distributions despite another quarter that missed leverage and free cash flow. He also sees Colorado as a battleground state in a push for stricter drilling regulations. 5. SunPower (SPWR) downgraded to Market Perform from Outperform at Cowen with analyst Jeffrey Osborne citing valuation. 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 SHOP;PVG;AGCO;NBLX;SPWR From the Last 2 Days
SHOP
Nov 29, 2021 | 12:17 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
SHOP
Nov 28, 2021 | 15:48 EST
Shopify announced a record-setting Black Friday with sales of nearly $2.9 billion from the start of Black Friday in New Zealand through the end of Black Friday in California. This represents a 21% increase over Black Friday in 2020 when sales by Shopify merchants surged 75% over 2019 driven by COVID-19 lockdowns, and is more than double their sales on Black Friday 2019, the company said. Collectively, merchants on Shopify generated peak sales of nearly $3.1 million per minute at 12:02 PM EST on Black Friday, and merchants crossed $1 billion in sales by 4:00am EST, four hours earlier than Black Friday in 2020.