DAILY US EQUITY OPENING NEWS: Boeing (BA) and Qatar Airways -The companies announced an order valued at USD 2.16bln.

EARNINGS

Darden Restaurants (DRI) – Q1 Adj EPS USD 0.99 vs Exp USD 0.99, Q1 Revenue USD 1.94bln vs USD 1.93bln. (Newswires)

 

IHS Markit ltd (INFO) – Q3 Adj. EPS USD 0.57 vs EXP USD 0.53, Q3 Revenue USD 950mln vs Exp USD 890.99mln. (Newswire)

 

Red Hat (RHT) – Q2 Adj. EPS USD 0.77 vs Exp. USD 0.67, Q2 Revenue USD 723mln vs Exp. USD 699.45mln. The company sees Q3 Adj. EPS at USD 0.70 in line with expectations. Sees Q3 Revenue USD 730 mln- 737mln vs Exp. USD 710.92mln. (Newswires)

 

Synnex (SNX) – Sees Q4 Adj. EPS USD 2.63 - 2.73 vs. Exp. USD 2.49, Sees Q4 Revenue USD 4.75bln – 4.95bln vs Exp. USD 4.36bln. (Newswires)

 

 

DJIA

Boeing (BA) and Qatar Airways -The companies announced an order valued at USD 2.16bln. (Newswires)

 

Disney (DIS) – The company launches e-commerce, shopDisney. (Newswires)

 

General Electric (GE) – The company may lose USD 2.5bln Indian Railways contract amid electric shift. (WSJ)

 

Microsoft (MSFT) – The company’s CEO Nadella says that he voted ‘No’ against the acquisition of Nokia. (Newswires)

 

 

S&P 500

Chesapeake (CHK) – The company sees Q3 production 542,000 boe per day, falling 15%. (newswires)

 

Sealed Air Corp (SEE) – The company raises prices by 5-8% for the majority of Food Care division in North America. (Newswires)

 

TechnipFMC (FMC) – The company announced a share repurchase programme of up to USD 500mln. (Newswires)

 

 

NASDAQ 100

Alphabet (GOOG) – The company’s Waymo is seeking USD 1.8bln from Uber over alleged trade secret theft. (TechCrunch)

 

Baidu (BIDU) – The company’s iQiyi is aiming for a US initial public offering as soon as 2018, that could value the Chinese Netflix (NFLX) style streaming service at over USD 8bln. (Newswires)

 

Tesla (TSLA) – Morgan Stanley says that the company’s on road vehicles is set to triple by the end of 2019. (Newswires)

 

T-Mobile (TMUS) – Jefferies says that the company shares could be worth over USD 90. (Newswires)

 

 

OTHER NEWS

Alibaba (BABA) – The company announced that they have agreed to take majority stake in Cainiao Network, they also intend to invest USD 15.1bln over the next 5 years to further strengthen its global logistics network that aims to fulfil orders in China within 24 hours and within 72 hours for the rest of the world. (Newswires)

 

Alnylam Pharmaceuticals (ALNY) – The company announces it has initiated Phase 2 cemdisiran study in patients with aHUS. (Newswires)


AXIS (AXS) – The company are to acquire shares of Novae Group. (Newswires)

 

Axovant (AXON) – The company’s phase 3 Alzheimer’s study misses co-primary endpoints. Further for the company, they say the Headway Trial results are on track for the end of the year.  (Newswires)

 

Fabrinet (FN) – The company names Seamus Grady as CEO. (Newswires)

 

HealthSouth (HLS) – The company announces joint venture with University Medical Center Health System. (Newswires)

 

Newell Brands (NWL) – The company are to resume their stock repurchase program, approximately USD 256mln of the original USD 500mln is available for the repurchase. (Newswires)  

 

 

 

 

 

BROKER MOVES

Upgrades

ALTRIA GROUP (MO) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT COWEN

BOSTON BEER (SAM) UPGRADED TO NEUTRAL FROM UNDERPERFORM AT CREDIT SUISSE

BRITISH AMERICAN TOBACCO (BTI) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT COWEN

DISCOVERY (DISCA) UPGRADED TO NEUTRAL FROM SELL AT UBS

DOVA PHARMACEUTICALS (DOVA) UPGRADED TO OUTPERFORM FROM MARKET PERFORM AT LEERINK

EQT CORPORATION (EQT) UPGRADED TO BUY FROM NEUTRAL AT SEAPORT GLOBAL

GGP (GGP) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN

KIMCO REALTY (KIM) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN

L BRANDS (LB) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT ATLANTIC EQUITIES

MACERICH (MAC) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JPMORGAN

RH (RH) UPGRADED TO BUY FROM HOLD AT DEUTSCHE BANK

SUMMIT HOTEL PROPERTIES (INN) UPGRADED TO OVERWEIGHT FROM SECTOR WEIGHT AT KEYBANC

TULLOW OIL (TUWOY) UPGRADED TO OUTPERFORM FROM SECTOR PERFORM AT RBC CAPITAL

WESTLAKE CHEMICAL (WLK) UPGRADED TO BUY FROM NEUTRAL AT NOMURA INSTINET

 

Downgrades

AFLAC (AFL) DOWNGRADED TO SELL FROM NEUTRAL AT CITI

CALGON CARBON DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT BAIRD (CCC)
CARDTRONICS (CATM) DOWNGRADED TO MARKET PERFORM FROM OUTPERFORM AT WILLIAM BLAIR

CARROLS RESTAURANT (TAST) DOWNGRADED TO OUTPERFORM FROM STRONG BUY AT RAYMOND JAMES

CHEESECAKE FACTORY (CAKE) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT WEDBUSH

CONSOLIDATED EDISON (ED) DOWNGRADED TO UNDERPERFORM FROM IN LINE AT EVERCORE ISI

DUKE REALTY (DRE) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN

GENOCEA (GNCA) DOWNGRADED TO HOLD AFTER STRATEGY SHIFT AT STIFEL

HABIT RESTAURANTS (HABT) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT WEDBUSH

HAWAIIAN HOLDINGS (HA) DOWNGRADED TO NEUTRAL FROM BUY AT BUCKINGHAM

JPMORGAN (JPM) DOWNGRADED TO HOLD FROM BUY AT DEUTSCHE BANK

LEAR (LEA) DOWNGRADED TO NEUTRAL FROM BUY AT BUCKINGHAM

PG&E DOWNGRADED (PCG) TO IN LINE FROM OUTPERFORM AT EVERCORE ISI

PNC FINANCIAL (PNC) DOWNGRADED TO HOLD FROM BUY AT DEUTSCHE BANK

PNM RESOURCES (PNM) DOWNGRADED TO UNDERPERFORM FROM IN LINE AT EVERCORE ISI

REXFORD INDUSTRIAL (REXR) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN

SHAKE SHACK (SHAK) DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT WEDBUSH

TAUBMAN CENTERS (TCO) DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN

TOTAL (TOT) DOWNGRADED TO SECTOR PERFORM FROM OUTPERFORM AT RBC CAPITAL

WORLD FUEL SERVICES (INT) DOWNGRADED TO UNDERPERFORM FROM NEUTRAL AT BOFA/MERRILL

 

 

Initiations

AGILENT (A) ASSUMED WITH A NEUTRAL AT GOLDMAN SACHS

ALASKA AIR (ALK) INITIATED WITH AN OUTPERFORM AT MACQUARIE

ALDER BIOPHARMACEUTICALS (ALDR) INITIATED WITH AN OUTPERFORM AT COWEN

ALLEGIANT TRAVEL (ALGT) INITIATED WITH A NEUTRAL AT MACQUARIE

ARISTA NETWORKS (ANET) INITIATED WITH A BUY AT BERENBERG

BRUKER (BRKR) ASSUMED WITH A SELL AT GOLDMAN SACHS

CHENIERE ENERGY (CQP) INITIATED WITH AN OUTPERFORM AT BMO CAPITAL

CHENIERE ENERGY PARTNERS LP (CQH) INITIATED WITH A MARKET PERFORM AT BMO CAPITAL

CORIUM (CORI) INITIATED WITH A BUY AT H.C. WAINWRIGHT

DANAHER (DHR) ASSUMED WITH A NEUTRAL AT GOLDMAN SACHS

DELTA AIR LINES (DAL) INITIATED WITH AN OUTPERFORM AT MACQUARIE

DIGITAL REALTY (DLR) RESUMED WITH A NEUTRAL FROM BUY AT CITI

DOWDUPONT (DWDP) INITIATED WITH A HOLD AT HSBC

DYCOM (DY) INITIATED WITH A BUY AT DEUTSCHE BANK

EQUINIX (EQIX) INITIATED WITH A BUY AT BERENBERG

H&E EQUIPMENT (HEES) INITIATED WITH A BUY AT BOFA/MERRILL

HAWAIIAN HOLDINGS (HA) INITIATED WITH AN OUTPERFORM AT MACQUARIE

ILLUMINA (ILMN) ASSUMED WITH A NEUTRAL AT GOLDMAN SACHS

INTERNATIONAL GAME (IGT) RESUMED WITH A BUY FROM HOLD AT DEUTSCHE BANK

JETBLUE (JBLU) INITIATED WITH A NEUTRAL AT MACQUARIE

METTLER-TOLEDO (MTD) ASSUMED WITH A BUY AT GOLDMAN SACHS

PERKINELMER (PKI) ASSUMED WITH A NEUTRAL AT GOLDMAN SACHS

SCHWEITZER-MAUDUIT (SWM) INITIATED WITH A BUY AT DA DAVIDSON

SOUTHWEST (LUV) INITIATED WITH AN OUTPERFORM AT MACQUARIE

SPIRIT AIRLINES (SAVE) INITIATED WITH A NEUTRAL AT MACQUARIE

TEGNA (TGNA) INITIATED WITH A SECTOR PERFORM AT RBC CAPITAL

THERMO FISHER (TMO) ASSUMED WITH A CONVICTION BUY AT GOLDMAN SACHS

UNITED CONTINENTAL (AAL) INITIATED WITH A NEUTRAL AT MACQUARIE

WATERS (WAT) ASSUMED WITH A NEUTRAL AT GOLDMAN SACHS

26 Sep 2017 - 13:30- EnergyResearch Sheet- Source: RANsquawk

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