Блог компании DayTraderClub | WALL STREET INTRADAY, MONDAY

• MEMP -40.4% (confirms plans to suspend quarterly cash distributions and initiates process to explore strategic alternatives)
• GRVY -2.1% (modestly pulling back following Friday's strength post earnings)
• PGNX -1.8% (receives notification of a Paragraph IV certification for certain patents for RELISTOR)
• MOMO -0.5% (Chief Technology Officer Zhiwei Li resigns for personal reasons effective November 1)

Analyst comments:

• NKE -1.9% (downgraded to Underperform from Neutral at BofA/Merrill )
• NVO -1.4% (downgraded to Neutral from Buy at Citigroup )
• XOM -0.9% (downgraded to Neutral from Buy at Goldman; removed from Conviction Buy List)
• ABBV -0.7% (downgraded to Neutral from Outperform at Credit Suisse)
• HD -0.6% (downgraded to Neutral from Overweight at Piper Jaffray)
• LOW -0.5% (downgraded to Neutral from Overweight at Piper Jaffray)

Upgrades

• Flowserve (FLS +0.6%) upgraded to Neutral from Sell at Goldman.
• Deere (DE +1.8%) upgraded to Outperform from Neutral at Robert W. Baird.
• Fortune Brands Home & Security (FBHS +1.9%) upgraded to Overweight from Neutral at JP Morgan. Int'l Consolidated Airlines (ICAGY %) upgraded to Hold from Reduce at HSBC.
• Robert W. Baird upgrades MSA Safety (MSA +6.1%) to Outperform from Neutral and raises their tgt to $63 from $57.
• Waste Mgmt (WM +2.5%) upgraded to Buy from Neutral at BofA/Merrill.
• Acuity Brands (AYI +0.3%) upgraded to Outperform from Market Perform at Wells Fargo.
• Kennametal (KMT +3.3%) upgraded to Buy from Neutral at Goldman.
• Dynamic Materials (BOOM +5.4%) upgraded to Buy from Neutral at ROTH Capital.

Downgrades

• FTI Consulting (FCN -0.1%) downgraded to Mkt Perform from Mkt Outperform at Avondale.
• Hearing Chart (GTLS -5.3%) Industries was downgraded to Neutral from Buy at Northcoast.

Other

• Advanced Disposal (ADSW -0.2%) initiated with a Buy at Stifel, Deutsche Bank, and UBS.
• UBS initiates American Disposal (ADSW -0.2%) with a Buy and price target of $25.
• Advanced Disposal (ADSW -0.2%) initiated with an Overweight at Barclays
• Advanced Disposal (ADSW -0.2%) initiated with an Overweight at First Analysis Sec; tgt $26.
• Advanced Disposal (ADSW -0.2%) initiated with an Outperform at Credit Suisse and Macquarie.
• Advanced Disposal (ADSW -0.2%) initiated with a Neutral at BofA/Merril.
• RBC Capital Mkts lowers their Flowerserve (FLS +0.6%) tgt to $38 from $42.
• Maxim Group lowers their Gee Group (JOB +1.9%) target to $9 from $11. Firm believes JOB is likely facing similar delays in ST decision-making given the upcoming election and uncertainty in the economy; however, firm argues the LT growth prospects for JOB remain solid.