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Avondale Thinks SolarCity Shareholders Will Approve A Buyout
Wednesday, June 22, 2016 - 3:50pm | 349Read More...Avondale Partners said the shareholders of SolarCity Corp (NASDAQ: SCTY) will likely approve the merger deal with Tesla Motors Inc (NASDAQ: TSLA), despite being "surprised" with the timing of the deal. "We believe it is likely SCTY shareholders approve the transaction, which approaches our fair...
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Analysts Give Healthcare Sector A Clean Bill Of Health
Friday, June 17, 2016 - 9:33am | 255Read More...Here’s a summary of recent analyst coverage on Healthcare: Bernstein on HCA Holdings Inc (NYSE: HCA): Market Perform, $88 Price Target Bernstein on UnitedHealth Group Inc (NYSE: UNH): Outperform, $142 Price Target Morgan Stanley on Cepheid (NASDAQ: CPHD): Equal Weight, $30 Price Target...
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Sunedison Has Long-Term Value Despite Cash Challenges, Avondale's Morosi Says
Friday, February 26, 2016 - 10:47am | 322Read More...Avondale's Michael Morosi maintained a Market Outperform rating for Sunedison Inc (NYSE: SUNE), with a price target of $7, after the court’s Appaloosa decision paved the way for an acquisition of the assets of Vivint Solar Inc (NYSE: VSLR). The Delaware Court of Chancery has denied...
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Analysts Concerned On First Solar's Regulatory Outlook, But Cheer Stock Performance
Wednesday, February 24, 2016 - 12:40pm | 693Read More...Wall Street analysts were generally impressed with First Solar, Inc. (NASDAQ: FSLR)'s quarterly earnings report Tuesday, which saw the company dominate earnings estimates and solidly beat revenue consensus. The company provided fundamentals confidence by reporting efficiency increases....
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Avondale Moves To Sidelines On Community Health Systems, Lowers Target To $18
Tuesday, February 16, 2016 - 11:09am | 261Read More...Community Health Systems (NYSE: CYH) shares have plummeted 28 percent since February 9. Avondale’s Paula Torch downgraded the rating for the company to Market Perform, while reducing the price target to $18. The downgrade comes after the company’s inconsistent execution in...
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Valuation Disconnect In SunEdison Will Lead To Material Upside
Wednesday, January 20, 2016 - 9:00am | 258Read More...Sunedison Inc (NYSE: SUNE) shares have plunged 62 percent since December 21. Avondale's Michael Morosi maintained a Market Outperform rating for the company, with a price target of $7. SunEdison’s catalyst is deferred and strategy muddled, Morosi stated. Following the sharp...
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Avondale Still Holds $7-$8 Price Target On Sunedison, Says It's Based On 50% Discount To Peer EV/EDITDA
Tuesday, January 12, 2016 - 3:52pm | 246Read More...Shares of Sunedison Inc (NYSE: SUNE) sold off sharply on Tuesday, following negative commentary from Axiom's Gordon Johnson. "Given the number of deals and the type of deals that they've done," Johnson said Tuesday morning. "If they're unable to sell those projects, I...
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Avondale On Transportation: FedEx, Canadian Pacific, Marten Named Top Picks
Wednesday, December 30, 2015 - 11:50am | 183Read More...Donald Broughton, Avondale's Chief Market Strategist, gave a few of his Best Ideas for 2016, highlighting companies in the transportation industry. Air Freight and Parcel: FedEx Corporation (NYSE: FDX) FedEx is down 14.06 percent year-to-date and has shown further weakness in December,...
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Solar City Is Avondale's Top '16 Pick In Renewable Energy Sector
Wednesday, December 30, 2015 - 10:57am | 282Read More...The share price of SolarCity Corp (NASDAQ: SCTY) has surged 66.52 percent over the past month, rising to a high of $58.722 on December 22. Avondale’s Michael Morosi has maintained a Market Outperform rating on the company, with a price target of $65. While naming the stock the Best...
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Healthequity Shares Fall 10%, Sell-Side And Traders Attribute Move To Institutional Sellers
Wednesday, December 9, 2015 - 4:39pm | 168Read More...Shares of Healthequity Inc (NASDAQ: HQY) were down over 10 percent on Wednesday. Selling picked up around 12 p.m. ET, leaving participants baffled. The company reported earnings of $0.08 versus estimates of $0.07 and guidance came in strong. Mid-day Wednesday, shares were taken down from about...
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Michael Kors Shares Pull Back Despite Analysts' Views
Thursday, May 29, 2014 - 2:08pm | 281Read More...A raft of analysts gave a thumbs up to luxury retailer Michael Kors (NYSE: KORS), even as shares pulled back sharply Thursday. The company boosted guidance and announced another blow-out quarter a day earlier, posting fiscal fourth-quarter earnings up 63 percent on sales growth of nearly 54...
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Market Wrap For April 11: Markets Pick Up Exactly Where They Left Off
Friday, April 11, 2014 - 4:49pm | 2266Read More...U.S. stocks declined sharply for the second day in a row as investors found little reason to reverse Thursday's bullish activity. Right off the bat, JPMorgan reported disappointing quarterly results which led to a decline in the S&P 500 index. The Volatility Index, also known as the "fear...
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Avondale Downgrades Werner to Market Perform
Friday, January 28, 2011 - 10:44am | 18Read More...Avondale downgrades Werner (NASDAQ: WERN) from Outperform to Market Perform.
