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FITB

Fifth Third

$20.47

0.12 (0.59%)

, VNTV

Vantiv

09:15
10/05/16
10/05
09:15
10/05/16
09:15

Fifth Third downgraded to Equal Weight at Stephens

As previously reported, Stephens analyst Terry McEvoy downgraded Fifth Third (FITB) to Equal Weight from Overweight on valuation. The analyst now sees the underlying value and capital flexibility from the company's investment in Vantiv (VNTV) as being largely reflected in the stock's valuation and have more comfort in future expense trends. Given the outperformance at Fifth Third, McEvoy believes investors should take profits and move into KeyCorp (KEY).

FITB

Fifth Third

$20.47

0.12 (0.59%)

VNTV

Vantiv

KEY

KeyCorp

  • 20

    Oct

  • 25

    Oct

FITB Fifth Third
$20.47

0.12 (0.59%)

09/22/16
COMP
09/22/16
UPGRADE
COMP
Buy
Fifth Third upgraded to Buy from Neutral at Compass Point
Compass Point upgraded Fifth Third to Buy and raised its price target to $23.50 from $21 following the announcement of a new revenue/cost initiative at an investor conference. The announcement of the program changes the firm's view following what it considers a "lost year" for Fifth Third in 2016 characterized by a jump in expenses driven by technology investments, NIM compression, and a stagnation in EPS growth. Although most details on the new initiative were light, the company did reveal specifics surrounding its new GreenSky partnership as well as an additional round of branch closures.
09/28/16
DBAB
09/28/16
UPGRADE
Target $11.5
DBAB
Buy
Huntington Bancshares upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matt O'Connor upgraded Huntington Bancshares to Buy saying the 15% pullback in the shares since the FirstMerit (FMER) deal was announced is overdone. The analyst views industry-wide concerns surrounding consumer indirect auto lending as overblown and he raised his price target for Huntington shares to $11.50 from $10.50. Going into the Q3 results for U.S. banks, O'Connor likes JPMorgan (JPM) and Wells Fargo (WFC) and is cautious on Fifth Third (FITB).
10/03/16
KBWI
10/03/16
DOWNGRADE
KBWI
Market Perform
Fifth Third downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette transferred coverage on Fifth Third Bancorp to Biran Klock who downgraded shares to Market Perform from Outperform saying risk/reward is balanced and raised his price target to $21 from $20.50.
10/05/16
SPHN
10/05/16
DOWNGRADE
SPHN
Equal Weight
Fifth Third downgraded to Equal Weight from Overweight at Stephens
VNTV Vantiv

09/14/16
SBSH
09/14/16
NO CHANGE
SBSH
Citi moves Vantiv up to top pick in processor space
Citi analyst Ashwin Shirvaikar shuffled his rankings in the processor space by moving Vantiv (VNTV) up to his pick from third place. Fidelity National Information (FIS) is his second pick, followed by previous top pick TSYS (TSS) and PayPal (PYPL). Shirvaikar keeps a Buy rating on TSYS but lowered his price target for the shares to $60 from $63. Top-line growth deceleration is happening sooner than expected, the analyst tells investors in a research note.
07/29/16
LEHM
07/29/16
DOWNGRADE
Target $60
LEHM
Equal Weight
Vantiv downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Darrin Peller downgraded Vantiv to Equal Weight citing valuation following the company's Q2 results. The analyst keeps a $60 price target for the shares.
07/29/16
LYON
07/29/16
DOWNGRADE
LYON
Outperform
Vantiv downgraded to Outperform from Buy at CLSA
07/29/16
07/29/16
DOWNGRADE
Target $63

Outperform
Vantiv downgraded to Outperform on moderating outlook at CLSA
As previously reported, CLSA downgraded Vantiv to Outperform from Buy. Analyst Tom McCrohan said Vantiv beat Q2 expectations due to solid Merchant and Financial Institutions segment results, but the back-half of the year will moderate due to factors impacting the Financial Institutions segment, making further multiple expansion difficult.
KEY KeyCorp

07/11/16
FBRC
07/11/16
UPGRADE
Target $12.5
FBRC
Outperform
KeyCorp upgraded to Outperform from Market Perform at FBR Capital
FBR Capital analyst Paul Miller upgraded KeyCorp to Outperform saying he likes the risk/reward profile at current valuation levels. The stock, near multiyear lows, is pricing in poor sentiment and disappointment with the company's capital plan, Miller tells investors in a research note. He keeps a $12.50 price target for the shares.
08/29/16
PIPR
08/29/16
DOWNGRADE
Target $13
PIPR
Neutral
KeyCorp downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Kevin Barker downgraded KeyCorp to Neutral saying expectations are too high heading into the "noisy" second half of the year. The analyst lowered his price target for the shares to $13 from $14.50. The shares will have a difficult time outperforming peers as estimates continue to move lower over the next several months, Barker tells investors in a research note.
07/25/16
07/25/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Allergan (AGN) initiated with an Outperform at Credit Suisse. 2. VMware (VMW) initiated with an Overweight at Morgan Stanley. 3. Syros Pharmaceuticals (SYRS) initiated with an Overweight at Piper Jaffray, an Outperform at JMP Securities, an Outperform at Cowen, and an Outperform at Wedbush. 4. Level 3 (LVLT) initiated with a Sector Weight at Pacific Crest. 5. KeyCorp (KEY) reinstated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/25/16
JPMS
07/25/16
INITIATION
Target $14
JPMS
Overweight
KeyCorp reinstated with an Overweight at JPMorgan
JPMorgan analyst Steven Alexopoulos reinstated KeyCorp with an Overweight rating and $14 price target. The rating is unchanged and the price target is lowered from $15 from the analyst's previous coverage.

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