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LSB Industries: Nearing The Gate Of El Dorado?
Friday, May 6, 2016 - 10:42am | 307Avondale Partners added LSB Industries, Inc. (NYSE: LXU) to its Conviction List, as ammonia production has been confirmed. "At current levels, LXU makes for an attractive investment for the next year but we are adding it to our Conviction List given the likelihood of near term positive news and the...
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SolarCity's $227M Financing Is A 'Major Catalyst'; Avondale Says Buy The Stock
Tuesday, May 3, 2016 - 11:59am | 284SolarCity Corp (NASDAQ: SCTY) has announced a $227 million cash equity raise, a move that could ease the worries of traders concerned with the company’s softening guidance. Avondale Partners analyst Michael Morosi sees the cash financing as a “major catalyst” for the stock....
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Avondale Still Likes Vivint Solar Amid CEO Transition
Tuesday, May 3, 2016 - 11:19am | 274Vivint Solar Inc (NYSE: VSLR) announced that David Bywater would be serving as the interim CEO, following the departure of Greg Butterfield. Avondale Partners’ Michael Morosi maintained a Market Outperform rating for the company, with a price target of $8. Despite the CEO transition and the...
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Avondale Lifts LinkedIn's Target To $140, Though Some Slower Expectations Exist
Monday, May 2, 2016 - 8:52am | 305LinkedIn Corp (NYSE: LNKD) beat Q1 revenue guidance, but outlook continues to reflect deceleration. Avondale Partners' Randle G. Reece maintained a Market Perform rating for the company, while raising the price target from $120 to $140. The analyst mentioned that the Q1 beat was not driven by...
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Why This Analyst Just Added Vivint Solar To The 'Conviction List' As A Long
Friday, April 22, 2016 - 9:45am | 306Vivint Solar Inc (NYSE: VSLR) announced a strategy to restart the business momentum it had lost after the distraction of a proposed acquisition by Sunedison Inc (NYSE: SUNE). Avondale Partners’ Michael Morosi maintained a Market Outperform rating for Vivint Solar, with a price target of $...
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Canadian Pacific Is The Only Railroad Stock Worth Owning: Here's The Logic
Wednesday, April 20, 2016 - 4:59pm | 287Avondale Partners said the strong results of Canadian Pacific Railway Limited (USA) (NYSE: CP) in a challenging industry proved once again why it is the only railroad equity the brokerage is recommending. Analyst Donald Broughton maintained his Market Outperform rating on the stock, intact with...
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3 Pipeline Stocks That Will Win From Sheehan Pipeline's Bankruptcy
Wednesday, April 20, 2016 - 8:58am | 226Primoris Services Corp (NASDAQ: PRIM), Quanta Services Inc (NYSE: PWR) and MasTec, Inc. (NYSE: MTZ) would be the key beneficiaries from the bankruptcy filing of Sheehan Pipeline Construction Company, according to a note from Avondale Partners. Analyst Daniel Mannes noted that Sheehan, which filed...
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Avondale Bullish On Pharma Distributor Stocks
Tuesday, April 19, 2016 - 8:39am | 380On an after-hours session focused on Netflix, Inc. (NASDAQ: NFLX) earnings, Avondale Partners quietly initiated coverage on the Pharmaceutical Distributor industry. The four names mentioned in the bullish reports were Diplomat Pharmacy Inc (NYSE: DPLO), AmerisourceBergen Corp. (NYSE: ABC), Cardinal...
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Avondale Initiates Parker-Hannifin, Says Co. Has 'Ample Firepower On The M&A Front'
Thursday, April 7, 2016 - 6:19pm | 174Parker-Hannifin Corp (NYSE: PH) was initiated Thursday after hours by Avondale Partners. Analyst Igor Maryasis rates Parker-Hannifin at Market Perform with a $120 price target. He believes the company is well positioned for rebound in Diversified Industrials Sector. Shares of Parker Hannifin...
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Analysts On First Solar's Short-Term Outlook: 'Meh'
Wednesday, April 6, 2016 - 1:34pm | 744First Solar, Inc. (NASDAQ: FSLR)'s Analyst Day fell short of investor expectations, as investors were expecting the company to provide 2017 guidance as it has in the past. While 2017 guidance was not given, First Solar did provide a long-term vision that pacified Wall Street, who still remains...
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No More Proxy Fight For MYR Group
Wednesday, March 23, 2016 - 10:32am | 261Avondale Partners’ Daniel J. Mannes maintained a Market Outperform rating for MYR Group Inc (NASDAQ: MYRG), with a price target of $29. The company has reached an agreement with Engine Capital, according to which the activist investor would ultimately receive 2 Board of Director seats....
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Step To The Sidelines In Knight Transportation, Covenant, Werner, Avondale Says
Monday, March 14, 2016 - 10:44am | 397Avondale Partners’ Donald Broughton expects lower demand, pricing power and utilization as well as dramatically lower or no gains on sale to pose serious headwinds for truckload carrier companies like Knight Transportation (NYSE: KNX), Covenant Transportation Group, Inc. (NASDAQ: CVTI) and...
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Avondale Sees Upsell Opportunities In SolarCity's Storage And Home Energy Management
Wednesday, March 2, 2016 - 9:08am | 249Avondale Partners’ Michael Morosi maintained a Market Outperform rating for SolarCity Corp (NASDAQ: SCTY), with a price target of $40, after the company announced its sixth securitization of a $57 million offering backed by cash flows from 5.6L residential PPAs and leases representing 36MW...
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Here's What YieldCo Investors Are Watching This Week
Monday, February 29, 2016 - 2:02pm | 403In a new report, Avondale Partners analyst Michael Morosi took a look at some of the market-moving headlines among YieldCos this week. According to Morosi, earnings will likely continue to be the market’s top concern. “YieldCo’s have delivered generally in-line reports with...
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Wall Street Concerned Over Norfolk Southern
Thursday, January 28, 2016 - 12:36pm | 474The share price of Norfolk Southern Corp. (NYSE: NSC) has declined 31.59 percent over the past one year, to reach a low of $67.73 on January 25. Jeffrey Kauffman of Buckingham Research has downgraded the rating on the company from Buy to Neutral, while lowering the price target from $82 to $...