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Fly News Breaks for July 16, 2019
AMZN, SPAR
Jul 16, 2019 | 10:06 EDT
Craig-Hallum analyst Steve Dyer raised his price target for Spartan Motors (SPAR) to $15 from $12 after the company announced a 2,237 unit walk-in van order from a leading North American e-commerce company, which the analyst believes to be Amazon.com (AMZN). The stock in morning trading is up 14%, or $1.39, to $11.30. Dyer estimates the award is worth $70M, accretive to margins, and likely incremental to prior guidance. This announcement, combined with industry checks, suggests Spartan's business is "strong," the analyst tells investors in a research note. He thinks think there could be upside to the company's consensus estimates and reiterates a Buy rating on the shares.
News For SPAR;AMZN From the Last 2 Days
AMZN
Sep 15, 2019 | 07:40 EDT
Shares of Cloudflare surged 20% in its first trading day, closing Friday at $18 after being priced at $15 the day before. Meanwhile, SmileDirectClub’s stock... To see the rest of the story go to thefly.com. See Story Here