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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 10:01 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Neutral from Underweight at Atlantic Equities with analyst James Cordwell citing the company's quarterly results. 2. Ralph Lauren (RL) upgraded to Neutral from Underperform at BofA with analyst Heather Balsky saying she believes that the company can continue to expand gross margins and grow revenue thanks to its international business and AUR expansion, though she sees its ongoing challenges in North America wholesale from getting even more constructive. 3. Toll Brothers (TOL) upgraded to Outperform from Sector Perform at RBC Capital with analyst Michael Dahl citing the company's proxy filing this week indicating that the management is "leaning heavily" into buybacks, raising his estimate for repurchases to $1B from $360M through FY21. 4. Valvoline (VVV) upgraded to Neutral from Underweight at JPMorgan with analyst Jeffrey Zekauskas saying the company's prospects in fiscal 2020 are "difficult to define easily," but its its outlook "has a positive turn to it." 5. Halozyme (HALO) upgraded to Overweight from Neutral at Piper Sandler with analyst Joseph Catanzaro saying with HALO-301 "now a distant memory," he expects Darzalex subcutaneous will see "rapid and near complete conversion." 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 SNAP;RL;TOL;VVV;HALO From the Last 2 Days
May 18, 2022 | 08:55 EDT
Tuesday's total option volume of 36.7 million contracts resulted in net open interest growth of 4.34 million calls and 3.22 million puts. Apple (AAPL), Snap Inc. (SNAP), Wal-Mart (WMT) and Twitter (TWTR) saw the greatest growth. Top five new positions opened include 50k Qudian (QD) Aug-22 3 puts, 30k SoFi Technologies (SOFI) Jul-22 9 puts, 25k Snap Inc. (SNAP) Jun-22 25 puts, 25k Innoviz Technologies (INVZ) Jan-23 5 puts and 25k Snap Inc. (SNAP) Jun-22 25 calls.
May 18, 2022 | 06:20 EDT
Credit Suisse analyst Michael Binetti lowered the firm's price target on Ralph Lauren to $130 from $165 and keeps an Outperform rating on the shares. The analyst notes that contacts suggest trends have slowed in recent weeks in both U.S. direct-to-consumer and U.S. wholesale. He wouldn't be surprised to see Ralph Lauren guide Q1 cautiously, and hint at higher inventories. While some of this could be unfavorable weather this Spring, Binetti thinks a combo of slower trends/higher industry promos lately-plus Ralph Lauren's recent track record for setting conservative guidance - could result in an initial full year 2023 outlook below consensus estimates.