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UBS

UBS

09:40
10/17/16
10/17
09:40
10/17/16
09:40

UBS to spend $1B in IT overhaul, Reuters reports

UBS is set to spend about $1B in an overhaul of its IT platform across its flagship wealth management business, an investment it hopes will ultimately help lower costs, Reuters reports. Dirk Klee, the bank's COO for wealth management, commented, "This is about integrating our historically fragmented infrastructure that we have globally into one platform. So we want to have the same processes, the same way of approaching UBS and we also want to raise synergies and scale in the back office." Reference Link

UBS UBS

09/19/16
FBCO
09/19/16
INITIATION
FBCO
Neutral
UBS initiated with a Neutral at Credit Suisse
Credit Suisse analyst Jon Peace initiated UBS with a Neutral citing likely margin pressures and the need to build capital ratios.
09/19/16
09/19/16
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. DSW (DSW) initiated with a Negative at Susquehanna. 2. Deutsche Bank (DB) initiated with an Underperform at Credit Suisse. 3. UBS (UBS) initiated with a Neutral at Credit Suisse. 4. Cerner (CERN) initiated with a Neutral at BofA/Merrill. 5. Callidus Software (CALD) reinstated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/16
RBCM
10/05/16
UPGRADE
RBCM
Sector Perform
UBS upgraded to Sector Perform from Underperform at RBC Capital
RBC Capital analyst Fiona Swaffield upgraded UBS to Sector Perform with a price target of CHF 14. The analyst sees a dividend reduction as unlikely and believes expectations for the bank's Wealth Management business are now lower.
10/05/16
10/05/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UBS (UBS) upgraded to Sector Perform from Underperform at RBC Capital with analyst Fiona Swaffield saying she sees a dividend reduction as unlikely and believes expectations for the bank's Wealth Management business are now lower. 2. Parker-Hannifin (PH) upgraded to Buy from Hold at Stifel with analyst Nathan Jones saying distributors expect to see revenue growth declining 2% in the second quarter of fiscal 2017 which he believes should be enough for Parker to see its first positive year-over-year revenue comp company wide in six quarters. 3. Flex (FLEX) upgraded to Conviction Buy from Buy at Goldman with analyst Mark Delaney saying it is positioned to benefit from entry into new markets and valuation looks attractive. 4. KBR (KBR) upgraded to Accumulate from Hold at Johnson Rice with analyst Martin Malloy citing the recent pullback in shares and said the stock multiple should trend higher given the shift in business mix to more low-risk, cost reimbursement revenues. 5. Plains All American (PAA) upgraded to Outperform from Market Perform at Wells Fargo. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

DUST

Direxion Daily Gold Miners Bear 3X ETF

$24.34

1.09 (4.69%)

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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$54.48

2.67 (5.15%)

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VXX

iPath S&P 500 VIX Short-Term Futures

$40.98

0.07 (0.17%)

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Technical Analysis
iPath S&P 500 VIX Short-Term Futures: Pivot points »

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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

$93.36

-0.23 (-0.25%)

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$12.45

0.06 (0.48%)

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Technical Analysis
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SVXY

ProShares Short VIX Short-Term Futures

$89.64

-0.09 (-0.10%)

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ALV

Autoliv

$122.59

1.04 (0.86%)

06:36
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Recommendations
Autoliv analyst commentary  »

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  • 30

    Oct

USO

United States Oil Fund

$10.24

0.13 (1.29%)

06:35
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09/21
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Technical Analysis
United States Oil Fund: Pivot points »

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XOP

SPDR Oil Exploration and Production Fund

$32.86

0.68 (2.11%)

06:35
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Technical Analysis
SPDR Oil Exploration and Production Fund: Pivot points »

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$21.73

0.61 (2.89%)

06:34
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09/21
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Technical Analysis
VelocityShares 3x Inv Natural Gas ETN: Pivot points »

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$13.20

-0.36 (-2.65%)

06:34
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Technical Analysis
VelocityShares 3x Long Natural Gas ETN: Pivot points »

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AMD

AMD

$13.74

0.62 (4.73%)

, NVDA

Nvidia

$185.84

-1.51 (-0.81%)

06:34
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09/21
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Recommendations
AMD, Nvidia, Tesla analyst commentary  »

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AMD

AMD

$13.74

0.62 (4.73%)

NVDA

Nvidia

$185.84

-1.51 (-0.81%)

TSLA

Tesla

$373.91

-1.19 (-0.32%)

03/08/13
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  • 02

    Oct

EWZ

MSCI Brazil Index

$43.19

0.13 (0.30%)

06:34
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09/21
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Technical Analysis
MSCI Brazil Index: Pivot points »

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EFA

iShares MSCI EAFE Index Fund

$68.32

-0.15 (-0.22%)

06:33
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Technical Analysis
iShares MSCI EAFE Index Fund: Pivot points »

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JNK

SPDR Barclays High Yield Bond

$37.21

-0.01 (-0.03%)

06:33
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Technical Analysis
SPDR Barclays High Yield Bond: Pivot points »

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SJB

ProShares Short High Yield

$23.19

0.0092 (0.04%)

06:32
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AUO

AU Optronics

$4.19

-0.03 (-0.71%)

06:32
09/21/17
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Periodicals
AU Optronics to continue 'smart investment' policy, DigiTimes reports »

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HYG

iShares iBoxx $ High Yield Corporate Bond

$88.45

-0.01 (-0.01%)

06:32
09/21/17
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LQD

iShares iBoxx $ Investment Grade Corporate Bond

$120.82

-0.15 (-0.12%)

06:32
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Technical Analysis
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TLT

iShares 20+ Year Treasury Bond Fund

$125.91

0.09 (0.07%)

06:31
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Technical Analysis
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TSM

TSMC

$37.82

-0.48 (-1.25%)

, QCOM

Qualcomm

$51.98

-0.32 (-0.61%)

06:31
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Periodicals
TSMC seen grabbing up to 80% of ordres for Qualcomm's PWM IC, DigiTimes says »

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TSM

TSMC

$37.82

-0.48 (-1.25%)

QCOM

Qualcomm

$51.98

-0.32 (-0.61%)

SMI

SMIC

$5.65

0.19 (3.48%)

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P

Pandora

$8.23

-0.09 (-1.08%)

, AAPL

Apple

$156.07

-2.66 (-1.68%)

06:31
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P

Pandora

$8.23

-0.09 (-1.08%)

AAPL

Apple

$156.07

-2.66 (-1.68%)

GOOG

Alphabet

$931.58

9.77 (1.06%)

GOOGL

Alphabet Class A

$947.54

10.68 (1.14%)

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  • 22

    Oct

  • 29

    Nov

SLV

iShares Silver Trust

$16.19

-0.17 (-1.04%)

06:29
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iShares Silver Trust: Pivot points »

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USLV

VelocityShares 3x Long Silver ETN

$12.54

-0.37 (-2.87%)

06:29
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Technical Analysis
VelocityShares 3x Long Silver ETN: Pivot points »

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IYR

DJ US Real Estate Index Fund

$80.81

-0.2 (-0.25%)

06:29
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Technical Analysis
DJ US Real Estate Index Fund: Pivot points »

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