NEWS:
- HON:Honeywell Aerospace expects 9,2000 deliveries of new business jets through 2025
- MA:MasterCard sees double-digit growth in China on e-commerce, reports reuters
- FEYE: CYBR:CyberArk Distances Itself From FireEye as Stock Takes a Beating, reports bloomberg
- MAR: HOT:Marriott International To Acquire Starwood Hotels & Resorts Worldwide, Creating The World’s Largest Hotel Company, in a $12.2B deal
- XLNX: IBM:IBM and Xilinx Announce Strategic Collaboration to Accelerate Data Center Applications
- GE: General Electric added to the short-term sell list at Deutsche Bank
- MNK: Mallinckrodt receives FDA clearance for INOmax DSIR plus MRI device
- EMR: Emerson Electric Could Pop 25%, reports Robin Goldwyn Blumenthal in Barrons
- BIDU: Baidu’s shares are a buy, argues Shuli Ren in Barrons
THE ECONOMIC CALENDAR:
- 8:30AM: Empire State Manufacturing Survey
NOTABLE EARNINGS REPORTED BEFORE THE OPENING:
- JD:Q3 EPS of RMB0.02 misses by RMB0.07: revenue of RMB44.11B misses by RMB190M: revenue +52.1% y/y
- SORL: Q3 EPS of $0.11 misses by $0.09: revenue of $50.23M misses by $10.98M: revenue -14.4% y/y: guidance cut
- ANY:Q3 EPS of -$0.12 beats by $0.04: revenue of $18.8M misses by $1.6M: revenue +1170.3% y/y
NOTABLE EARNINGS TO BE REPORTED AFTER THE CLOSE:
- A, NUAN, URBN
ANALYSTS’ RATINGS CHANGES:
UPGRADES:
- APH: upgrade: hold to buy: Goldman Sachs: $60
- ORCL: upgrade: buy to conviction buy: Goldman Sachs: pt raised from $45 to $47
- LLY: upgrade: perform to outperform: BMO Capital: $100
- WBA: upgrade: sector perform to outperform: Credit Suisse
- CA: upgrade: sell to neutral: Citi
- NVDA: upgrade: hold to buy: Canaccord: $35
DOWNGRADES:
- PGR: downgrade: neutral to sell: Goldman: $28
- FIVE: downgrade: buy to hold: Deutsche Bank: pt cut from $42 to $30
- DIS: downgrade: buy to neutral: Guggenheim
- SBRA: downgrade: buy to hold: Stifel
- KOS: downgrade: outperform to sector perform: RBC Capital: pt cut from $9 to $7
- CWEI; downgrade: neutral to sell: Roth Capital: pt raised from $36 to $40
- BBY: downgrade: outperform to sector perform: RBC Capital: pt cut from $42 to $36
- ENDP: downgrade: buy to neutral: Mizuho: pt cut from $82 to $55
- BAX: downgrade: overweight to neutral: Piper Jaffray: pt cut from $90 to $39
INITIATIONS:
- MPSX: initiated: overweight: Barclays: $15
- DMTX: initiated: buy: Goldman: $20
- DMTX: initiated: buy: Canaccord: $20
- DE: initiated: hold: Societe Generale: $79
- RACE: initiated: outperform: BNP Paribas: $46
- RACE: initiated: buy: UBS: $60
- RACE: initiated: neutral: JP Morgan: $52
- RACE: initiated: sell: Evercore: $40
- AFCO: initiated: outperform: RBC Capital: $11
PRICE TARGET CHANGES:
- CE: pt raised from $69 to $72: RBC Capital
- LEAF: pt raised from $58 to $64: Compass Point
- CRM: pt raised from $80 to $90: RBC Capital
- MDCO: pt raised from $46 to $48: RBC Capital
- WDAY: pt raised from $83 to $89: RBC Capital
- DE: pt cut from $82 to $64: JP Morgan
- FOSL: pt cut from $110 to $60: Topeka Capital
- HP: pt cut from $60 to $54: Cowen
- NFLX: pt cut from $161 to $142: Topeka Capital
- OMCL: pt cut from $40 to $38: Topeka Capital
- TYC: pt cut from $44 to $40: RBC Capital
- PII: pt cut from $159 to $140: Wunderlich
- PAA: pt cut from $44 to $36: RBC Capital