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Fly News Breaks for August 5, 2019
BUD, BLDR, OI, CF, TGT
Aug 5, 2019 | 10:31 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Buy from Hold at Deutsche Bank with analyst Paul Trussell saying Target is "growing profitably" with EBITDA dollars up mid-single-digits in Q1, a pace that can be sustained through supply chain enhancements, market share gains in key categories often with higher margin private brands, and strong returns on remodels and new small format stores. 2. Owens-Illinois (OI) upgraded to Neutral from Sell at Goldman Sachs with analyst Brian Maguire saying the negative catalysts around lower volume and higher taxes have materialized with the stock underperforming since reporting a miss in Q2 earnings last week. 3. AB InBev (BUD) upgraded to Hold from Underperform at Jefferies with analyst saying the company is pivoting to growth while concerns on its leverage are easing. 4. CF Industries (CF) upgraded to Neutral from Underperform at BofA/Merrill with analyst Steve Byrne saying the company's "strong" Q2 results show operational strength and an improving outlook. 5. Builders FirstSource (BLDR) upgraded to In Line from Underperform at Evercore ISI. 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 TGT;OI;BUD;CF;BLDR From the Last 2 Days
CF
Sep 21, 2019 | 07:13 EDT
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly: 1. CALIFORNIA EMISSIONS WAIVER:... To see the rest of the story go to thefly.com. See Story Here
TGT
Sep 20, 2019 | 15:00 EDT
Buyer pays 12c over parity for deep in the money expiring Sep 87.5 calls. Trader paid $19.98 for 516 Sep 87.5 calls a moment ago as shares traded $107.36. Total premium just over $1M for the block, which likely closes some of the 2411 contracts open. If closing, the buyer is likely taking a big loss, as the open interest was all created last month before earnings, when shares were $86 and these contracts traded in the $3 range.
CF
Sep 20, 2019 | 12:27 EDT
President Trump said in response to a question during a White House press conference that China buying agriculture products will not be enough to get a trade deal done. Trump said he's not looking for a partial deal, he's looking for a "complete deal". Publicly traded companies in ag space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bought by BAYRY (MON), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), Intrepid Potash (IPI), Potash (POT) and Syngenta (SYT).