LULU | Morning News

stock market newsSEPTEMBER 21, 2015

US futures on track at this 7AM hour for a modest move higher on the opening after markets around the world trade mixed with Europe of it’s lows as the pharma and oil sectors push stocks higher. Overnight, crude moved higher rebounding from the beating the commodity took last week.

NEWS:

  • MRK: Merck antibody reduces risk of C. difficile recurrence, reports reuters
  • AAPL:Apple cleaning up iOS App Store after first major attack, reports reuters
  • PETM: APO: Petco exploring possibility of being acquired by PetSmart, reports reuters
  • WFT: files $1B ordinary share and mandatory subordinated note offering
  • UPS: launches 3D printing services, reports wsj

BARRONS OVER THE WEEKEND:

  • TAXI: Uber threat is overdone and Medallion Financial is a buy
  • RL: Jack Hough sees 20% or more upside possible for Ralph Lauren
  • GPRO: Alexander Eule see more downside to GoPro, could see $25
  • VSI: David Englander thinks Vitamin Shoppe could rally 40%
  • WYNN: Dyan Machan positive on the Wynn Resorts, thinks the stock may more than double
  • PG: Vito Racanelli views Proctor & Gamble as cheap at this level

ON THE ECONOMIC CALENDAR:

  • 10AM: Existing Home Sales
  • 10AM: Atlanta Fed’s Business Inflation Expectation

EARNINGS REPORTED BEFORE THE OPENING TODAY:

  • LEN: FQ3 EPS of $0.96, beats by $0. 17: revenue of $2.49B: revenue +23.9% Y/Y

NOTABLE EARNINGS AFTER THE CLOSE TODAY:

  • RHT, THO

ANALYSTS’ RATINGS CHANGES:

UPGRADES:

  • NOK: upgrade: hold to buy: Deutsche Bank
  • GS: upgrade: perform to outperform: Oppenheimer: $236
  • PYPL: upgrade: hold to buy: Stifel: $40
  • DEI: upgrade: neutral to buy: Mizuho: $33
  • LTC: upgrade: neutral to buy: Mizuho: $47
  • TAP: upgrade: hold to buy: Societe Generale:
  • SHPG: upgrade: equal weight to overweight: Barclays
  • LULU: upgrade: equal weight to overweight: Morgan Stanley: $68
  • INFI: upgrade: equal weight to overweight; Morgan Stanley: $13
  • CYBR: upgrade: hold to buy: Deutsche Bank: $65

DOWNGRADES:

  • HCP: downgrade: neutral to sell: Goldman:
  • DHI: downgrade: buy to hold: Deutsche Bank:
  • PCP: downgrade: outperform to sector perform: RBC Capital: pt raised from $230 to $235
  • BXP: downgrade: buy to neutral: Mizuho: $128
  • BUD: downgrade: outperform to sector perform: RBC Capital: pt cut from $107 to $100
  • KEG: downgrade: outperform to sector perform: Iberia
  • CRR: downgrade: sector perform to underperform: Iberia
  • HP: downgrade: outperform to sector perform: Iberia: pt cut from $79 to $60
  • WEFT: downgrade: overweight to equal weight: Morgan Stanley
  • IMGN: downgrade: equal weight to underweight: Morgan Stanley: $9

INITIATIONS:

  • MYL: reinstated: equal weight: Barclays: $57
  • SNDK: initiated: equal weight: Barclays: $60
  • MU: initiated: overweight: Barclays:$20
  • HLX: initiated: market perform: Cowen: $7
  • CSTM: initiated: market perform: Cowen: $10

PRICE TARGET CHANGES:

  • LLY: pt raised from $83 to $90: JP Morgan
  • GOOGL: pt raised from $720 to $847: JMP Securities
  • INTC: pt cut from $32 to $31: Mizuho
  • OLN: pt cut from $30 to $20.50: Cowen
  • LAMR: pt cut from $60 to $59: Topeka Capital

About the Author

Leave a Reply 0 comments

Leave a Reply: