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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

KSS

Kohl's

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Kohl's says has 'nothing specific in mind' on M&A »

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AGN

Allergan

$246.32

-0.84 (-0.34%)

08:56
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Periodicals
Allergan CEO proposes Trump lead drug price negotiations, Bloomberg reports »

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BAC

Bank of America

$24.79

0.01 (0.04%)

, TSLA

Tesla

$273.51

-3.88 (-1.40%)

08:56
02/23/17
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08:56
Options
Notable open interest changes for February 23rd »

Wednesday's total…

BAC

Bank of America

$24.79

0.01 (0.04%)

TSLA

Tesla

$273.51

-3.88 (-1.40%)

JCP

J.C. Penney

$7.05

-0.01 (-0.14%)

FB

Facebook

$136.12

2.4 (1.79%)

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:55
02/23/17
02/23
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08:55
Hot Stocks
Breaking Hot Stocks news story on Tennant 

Tennant trading resumes

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SFTBF

SoftBank

$76.90

-0.3575 (-0.46%)

, VOD

Vodafone

08:55
02/23/17
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08:55
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08:55
Periodicals
SoftBank in talks to buy stake in Vodafone Indian unit, The Economic Times says »

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SFTBF

SoftBank

$76.90

-0.3575 (-0.46%)

VOD

Vodafone

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08:55
02/23/17
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08:55
General news
The 6k U.S. initial claims rise to 244k »

The 6k U.S. initial…

THG

Hanover Insurance

$91.08

0.43 (0.47%)

08:55
02/23/17
02/23
08:55
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08:55
Conference/Events
Hanover Insurance to host investor day »

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HNR

Harvest Natural

$6.68

0.04 (0.60%)

08:55
02/23/17
02/23
08:55
02/23/17
08:55
Conference/Events
Harvest Natural to host special shareholder meeting »

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:54
02/23/17
02/23
08:54
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08:54
Hot Stocks
Tennant to reduce 3% of global workforce »

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:53
02/23/17
02/23
08:53
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08:53
Earnings
Tennant sees 2017 adjusted EPS $2.50-$2.70, consensus $2.83 »

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  • 23

    Feb

STNG

Scorpio Tankers

$4.28

-0.01 (-0.23%)

08:53
02/23/17
02/23
08:53
02/23/17
08:53
Upgrade
Scorpio Tankers rating change  »

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  • 22

    Mar

KSS

Kohl's

08:52
02/23/17
02/23
08:52
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08:52
Hot Stocks
Kohl's sees significant improvement in Q1 gross margin »

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:51
02/23/17
02/23
08:51
02/23/17
08:51
Earnings
Tennant reports Q4 EPS 85c, consensus 76c »

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  • 23

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LMRK

Landmark Infrastructure

08:50
02/23/17
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08:50
Syndicate
Breaking Syndicate news story on Landmark Infrastructure »

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  • 02

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KSS

Kohl's

, UA

Under Armour

$19.78

0.09 (0.46%)

08:50
02/23/17
02/23
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08:50
Hot Stocks
Kohl's CEO believes uncertainty in sector will continue »

Kohl's (KSS) says…

KSS

Kohl's

UA

Under Armour

$19.78

0.09 (0.46%)

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  • 23

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ABBV

AbbVie

$61.36

-0.47 (-0.76%)

, AGN

Allergan

$246.32

-0.84 (-0.34%)

08:50
02/23/17
02/23
08:50
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08:50
Conference/Events
Piper Jaffray healthcare/pharma analyst holds analyst/industry conference call »

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ABBV

AbbVie

$61.36

-0.47 (-0.76%)

AGN

Allergan

$246.32

-0.84 (-0.34%)

BMY

Bristol-Myers

$55.35

0.57 (1.04%)

ENTA

Enanta

$28.18

-0.36 (-1.26%)

GALT

Galectin Therapeutics

$1.71

-0.23 (-11.86%)

GILD

Gilead

$68.83

-0.46 (-0.66%)

GLMD

Galmed

$4.09

-0.16 (-3.76%)

ICPT

Intercept

$122.79

-2.66 (-2.12%)

MRK

Merck

$65.29

-0.19 (-0.29%)

RGLS

Regulus

$1.08

-0.025 (-2.27%)

VKTX

Viking Therapeutics

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08:50
02/23/17
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08:50
General news
Atlanta Fed centrist Lockhart sees the pendulum swinging »

Atlanta Fed centrist…

W

Wayfair

$41.26

1 (2.48%)

08:49
02/23/17
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08:49
Hot Stocks
Breaking Hot Stocks news story on Wayfair »

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TWX

Time Warner

$96.32

-0.1 (-0.10%)

, T

AT&T

$41.59

-0.14 (-0.34%)

08:46
02/23/17
02/23
08:46
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08:46
Periodicals
Time Warner IR head to lead AT&T integration, THR reports »

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TWX

Time Warner

$96.32

-0.1 (-0.10%)

T

AT&T

$41.59

-0.14 (-0.34%)

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QQQ

NASDAQ 100 Index Tracking Stock

$130.50

0.05 (0.04%)

, ETE

Energy Transfer Equity

$18.92

-0.13 (-0.68%)

08:46
02/23/17
02/23
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08:46
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

QQQ

NASDAQ 100 Index Tracking Stock

$130.50

0.05 (0.04%)

ETE

Energy Transfer Equity

$18.92

-0.13 (-0.68%)

FIT

Fitbit

$5.88

-0.16 (-2.65%)

NAK

Northern Dynasty

$1.39

-0.27 (-16.27%)

BX

Blackstone

$30.32

-0.23 (-0.75%)

PCLN

Priceline

$1,651.74

4.74 (0.29%)

TBT

ProShares UltraShort 20+ yr Trsry

$39.71

-0.14 (-0.35%)

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TNC

Tennant

$70.10

-1.9 (-2.64%)

08:45
02/23/17
02/23
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08:45
Hot Stocks
Tennant announces agreement with Ambienta to acquire IPC Group for $350M »

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  • 23

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08:45
02/23/17
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08:45
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08:45
General news
Treasury Action: yields remained downwardly biased »

Treasury Action: yields…

08:45
02/23/17
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08:45
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08:45
General news
FHFA House Price Index M/M change to be reported at 09:00 »

December FHFA House Price…

ICON

Iconix Brand

$9.18

-0.03 (-0.33%)

08:43
02/23/17
02/23
08:43
02/23/17
08:43
Recommendations
Iconix Brand analyst commentary  »

Roth Capital remains a…

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SHLX

Shell Midstream

$33.19

-0.75 (-2.21%)

08:43
02/23/17
02/23
08:43
02/23/17
08:43
Earnings
Shell Midstream reports Q4 EPS 34c, consensus 35c »

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