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CIT

CIT Group

$36.76

-0.17 (-0.46%)

06:17
10/11/16
10/11
06:17
10/11/16
06:17

CIT Group upgraded to Neutral from Underperform at BofA/Merrill

CIT CIT Group
$36.76

-0.17 (-0.46%)

10/07/16
10/07/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tyson Foods (TSN) downgraded to Sell from Hold at Pivotal Research with analyst Timothy Ramey citing the broiler price-fixing alleged in the class action complaint filed on September 2. 2. SolarEdge (SEDG) was downgraded to Sell from Neutral at Goldman while the firm also downgraded First Solar (FSLR) to Neutral from Buy. 3. CIT Group (CIT) downgraded to Hold from Buy at Stifel with analyst Christopher Brendler saying investors should sell into the rally that will result from the "impressive" price that the company received for its aircraft business and the approval of its capital plan by the Fed. 4. Fifth Third (FITB) downgraded to Hold from Buy at Jefferies with analyst Ken Usdin saying the shares are reasonably valued following the recent rally. 5. Blackhawk (HAWK) downgraded to Neutral from Buy at BofA/Merrill with analyst David Chu saying the firm's channel checks indicate that conversions to EMV, the new standard for chip-based debit/credit card transactions, are taking longer than expected, which he believes could impact Blackhawk's 2016 guidance and expectations for 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/07/16
STFL
10/07/16
DOWNGRADE
STFL
Hold
CIT Group downgraded at Stifel
As noted earlier, Stifel downgraded CIT to Hold from Buy. Analyst Christopher Brendler says that investors should sell into the rally that will result from the "impressive" price that the company received for its aircraft business and the approval of its capital plan by the Fed. The analyst says he is "skeptical" about the company's remaining business, while the company's planned share buyback will take time to materialize. Target to $41 from $40.
10/07/16
STFL
10/07/16
DOWNGRADE
STFL
Hold
CIT Group downgraded to Hold from Buy at Stifel
04/29/16
BOFA
04/29/16
DOWNGRADE
BOFA
Follow-up: CIT Group downgraded to Underperform at BofA/Merrill
As previously reported, BofA/Merrill downgraded CIT Group to Underperform from Buy. The firm's analyst said the restructuring to a complex franchise from a simplified bank may be extended until 2018 or longer, due to additional restructuring, a revised strategy, and a management overhaul. BofA/Merrill sees limited earnings visibility and believes sentiment will remain poor until the commercial air exit is complete and execution on the strategic plan shows progress.

TODAY'S FREE FLY STORIES

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GLT

Glatfelter

$24.29

0.67 (2.84%)

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RPRX

Repros Therapeutics

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-0.04 (-2.05%)

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TSLA

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SBMRY

SABMiller

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AB InBev

$104.05

0.79 (0.77%)

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AN

AutoNation

$46.86

1.28 (2.81%)

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Senators: AutoNation resumption of recalled vehicle sales 'deeply troubling' »

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BA

Boeing

$152.24

0.08 (0.05%)

19:21
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Periodicals
Boeing contacts Trump team after Air Force One tweets, Bloomberg says »

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BA

Boeing

$152.24

0.08 (0.05%)

18:58
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White House press secretary: Air Force One claims appear misrepresentative »

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RDS.A

Royal Dutch Shell

$52.37

0.17 (0.33%)

, RDS.B

Royal Dutch Shell

$55.72

0.21 (0.38%)

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Periodicals
Japan-based Idemitsu plans purchase of Showa Shell stake, Nikkei says »

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RDS.A

Royal Dutch Shell

$52.37

0.17 (0.33%)

RDS.B

Royal Dutch Shell

$55.72

0.21 (0.38%)

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TM

Toyota

$117.88

0.32 (0.27%)

18:48
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Periodicals
Toyota plans to improve overall fuel economy by 20%, Nikkei reports »

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AYA

Amaya

$14.60

0.2 (1.39%)

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Amaya holder SpringOwl: Baazov bid 'raises a lot of questions,' Bloomberg says »

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TSLA

Tesla

$185.85

-0.95 (-0.51%)

18:30
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Hot Stocks
Tesla to recall certain NEMA 14-30, 10-30, 6-50 charging adapters »

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  • 14

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:21
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Allegiant Travel says estimated November TRASM change (2.7%)-(2.3%) »

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

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TNP

Tsakos Energy

$4.82

0.16 (3.43%)

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  • 12

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

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Hot Stocks
Allegiant Travel sees Q4 system departures up 17%-19%, ASMs up 12%-14% »

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

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Hot Stocks
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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:09
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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:07
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Hot Stocks
Allegiant Travel reports preliminary November traffic up 8.7% »

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OMAB

OMA Airports

$36.17

0.23 (0.64%)

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OMA Airports reports November passenger traffic up 11.3% »

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III

Information Services

$3.90

0.04 (1.04%)

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Chevrillon raises passive stake in Information Services to 13.55% from 7.2% »

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SAGE

SAGE Therapeutics

$55.68

3.86 (7.45%)

17:59
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Recommendations
SAGE Therapeutics analyst commentary  »

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  • 14

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AKS

AK Steel

$10.55

-0.1 (-0.94%)

17:47
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  • 06

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