btig

Innovative Industrial Properties Inc (NYSE: IIPR), the only NYSE-listed real estate company that focuses on the regulated U.S. cannabis industry, is "uniquely positioned" for future growth in the sector, according to BTIG. The Analyst Thomas Catherwood maintained a Buy rating on...

Pizza chain Papa John's Int'l, Inc. (NASDAQ: PZZA) said Wednesday that it will invest an additional $80 million in royalty relief, marketing campaigns and brand initiatives. The Analyst Stephens' Will Slabaugh maintained an Overweight rating on Papa John's with...

Activist investor Vintage Capital Management sent a letter to Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) urging the board to review strategic alternatives — including a sale to the activist investor. The Analyst BTIG's Peter Saleh maintained a Neutral rating on Red...

Following a 94-percent year-to-date gain, shares of MercadoLibre Inc (NASDAQ: MELI) seem appropriately valued, with balanced risk-reward, according to BTIG. The Analyst Marvin Fong downgraded MercadoLibre from Buy to Neutral.  The Thesis While the fintech business seemed hugely...

Shares of Paypal Holdings Inc (NASDAQ: PYPL) have gained nearly 25 percent over the past year and 45 percent since December, but BTIG says the stock remains undervalued. The Analyst BTIG's Mark Palmer maintains a Buy rating on PayPal with a price target lifted from $114 to $130. The Thesis...

Online freelancing platform Upwork Inc (NASDAQ: UPWK) is the dominant market leader, with plenty of growth opportunities ahead, according to BTIG. The Analyst Marvin Fong initiated coverage of Upwork with a Buy rating and $24 price target. The Thesis Upwork's market share is eight times...

Online and mobile food ordering and delivery company GrubHub Inc (NYSE: GRUB) could more than quadruple its existing footprint, according to BTIG. The Analyst BTIG's Peter Saleh initiated coverage of GrubHub with a Buy rating and $95 price target. The Thesis GrubHub has partnerships with...

Ahead of Apple Inc. (NASDAQ: AAPL)'s scheduled presentation Monday, BTIG turned more bullish on the stock over the longer term. The Analyst BTIG's Walter Piecyk maintains a Buy rating on Apple with a price target lifted from $189 to $220. The Thesis Apple's event titled "It's...

For the first time since initiating coverage of Snap Inc (NYSE: SNAP)'s stock in 2017, BTIG is comfortable with a bullish stance despite multiple missteps over the past few years. The Analysts BTIG's Richard Greenfield upgraded Snap from Neutral to Buy with a new $15 price target. Jefferies...

The fintech industry is booming in Latin America, and one analyst sees a winner in Mercadolibre Inc (NASDAQ: MELI). The Rating BTIG analyst Marvin Fong maintained a Buy rating on MercadoLibre and raised his price target from $395 to $410. The Thesis By BTIG’s assessment, the fintech company...

Orthofix Medical Inc (NASDAQ: OFIX) reported quarterly results Monday that were broadly in-line with expectations while guiding to higher spending and linear revenue growth. Investors can look past the guidance and the announcement of CEO Brad Mason's retirement during a...

Twitter Inc (NYSE: TWTR) reported top- and bottom-line fourth-quarter beats last week to close out the 2018 fiscal year. Between that and a 10-percent increase in monetizable daily active users, or mDAUs, the social media platform has analyst hearts aflutter. The Analyst  BTIG analyst...

Shares of medical technology company Medtronic PLC (NYSE: MDT) were flirting with the $100 per share mark for parts of 2018, but have since come down to a level that should be taken advantage of by investors, according to BTIG. The Analyst Analyst Sean Lavin upgraded Medtronic from...

Darden Restaurants, Inc. (NYSE: DRI), best known for its Olive Garden and LongHorn Steakhouse brands, reported an EPS beat and slight revenue miss in its fiscal second quarter while management lifted its outlook higher. Here is a summary of how some of the Street's top analysts reacted to the...

BTIG initiated coverage Tuesday of digital automotive marketplace companies TrueCar, Inc. (NASDAQ: TRUE) and CarGurus Inc (NASDAQ: CARG) with bullish stances.  The Analyst BTIG's Margin Fong initiated coverage of TrueCar with a Buy rating and $13 price target. The analyst also initiated...