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AXP

American Express

$61.40

1.3201 (2.20%)

, COST

Costco

$149.45

0.34 (0.23%)

16:12
10/19/16
10/19
16:12
10/19/16
16:12

American Express reports Q3 ROE 26% vs. 27% last year

Reports consolidated provisions for losses $504M, down 5% from $529M a year ago. The prior year included credit costs associated with cobrand portfolios that were sold earlier this year. Excluding the impact of those cobrand portfolios, adjusted provisions for losses increased 6%, "primarily reflecting higher loan growth." Reports adjusted billed business up 7%. Says adjusted loan growth "remained healthy" and net card fees rose 10%, "reflecting strong performance across our premium card portfolios." Reports operating expenses down 3%. Says "the current quarter included higher spending on growth initiatives, largely reflected in marketing and promotion expenses, as well as solid progress related to company's efforts to reduce its cost base. Credit quality remained strong... Excluding the impact of Costco (COST)-related revenues in the year ago-period, adjusted revenues net of interest expense increased 5%, reflecting a rise in Card Member spending, along with higher net interest income and net card fees."

AXP

American Express

$61.40

1.3201 (2.20%)

COST

Costco

$149.45

0.34 (0.23%)

  • 19

    Oct

  • 23

    Oct

AXP American Express
$61.40

1.3201 (2.20%)

09/09/16
ATLE
09/09/16
INITIATION
Target $62
ATLE
Underweight
American Express initiated with an Underweight at Atlantic Equities
Atlantic Equities initiated American Express with an Underweight and $62 price target.
09/09/16
09/09/16
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. American Express (AXP) initiated with an Underweight at Atlantic Equities. 2. Alcoa (AA) initiated with a Neutral at Seaport Global. 3. Blue Buffalo Pet Products (BUFF) initiated with an Outperform at Oppenheimer. 4. Harley-Davidson (HOG) initiated with an Outperform at Bernstein. 5. Verifone (PAY) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/06/16
NOMU
10/06/16
DOWNGRADE
Target $56
NOMU
Reduce
American Express downgraded to Reduce from Neutral at Nomura
Nomura analyst Bill Carcache downgraded American Express (AXP) to Reduce saying the combination of weaker than expected revenues and higher than expected expenses will weigh on the shares. The third quarter is the first quarter that American Express will report excluding Costco (COST), Carcache tells investors in a research note. He expects the "tug of war between bulls and bears to intensify" in Q3 and thinks 2016 will mark the fourth year of market share losses in U.S. billings. The analyst cut his price target for the shares to $56 from $62.
10/06/16
10/06/16
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. Tesla (TSLA) downgraded to Neutral from Buy at Goldman with analyst David Tamberrino saying he sees incremental risk to Tesla's business related to management's willingness to deploy capital for M&A, and he believes that any delay in the company's new Model 3 launch will be detrimental to shares. 2. JPMorgan (JPM) downgraded to Hold from Buy at Sandler O'Neill with analyst Jeffery Harte citing relative share outperformance. 3. Abercrombie & Fitch (ANF) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jessica Schmidt saying the elevated promotions add to other headwinds, including the fact that the teen space is "overstored" and faces soft consumer demand and weak tourism. 4. American Express (AXP) downgraded to Reduce from Neutral at Nomura with analyst Bill Carcache saying the combination of weaker than expected revenues and higher than expected expenses will weigh on the shares. 5. Lowe's (LOW) downgraded to Neutral from Buy at Cleveland Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
COST Costco
$149.45

0.34 (0.23%)

10/18/16
10/18/16
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. Costco (COST) initiated with a Market Perform at Wells Fargo. 2. Level 3 (LVLT) initiated with an Overweight at Barclays. 3. AC Immune (ACIU) initiated with a Buy at Jefferies, an Outperform at Credit Suisse, and an Outperform at Leerink. 4. Apptio (APTI) initiated with a Neutral at Goldman, a Buy at Jefferies, an Equal Weight at Barclays, a Neutral at JPMorgan, a Buy at BofA/Merrill, an Overweight at Pacific Crest, and a Sector Perform at RBC Capital. 5. Adient (ADNT) initiated with an Outperform at Baird, a Neutral at Buckingham, and a Buy at Seaport Global. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/19/16
NRCS
10/19/16
UPGRADE
NRCS
Buy
Costco upgraded to Buy from Neutral at Northcoast
10/19/16
10/19/16
UPGRADE

Buy
Costco upgraded to Buy on earnings momentum at Northcoast
As previously reported, Northcoast upgraded Costco to Buy from Neutral with a $175 price target. Analyst Chuck Cerankosky expects a stronger earnings improvement in 2018 and believes the performance will reflect a $5 membership increase in the US and Canada. Further, the analyst expects the board to declare another $5 per share special dividend given the company's strong cash flow and for the company to benefit from the new relationship with Visa.
10/19/16
10/19/16
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. Twitter (TWTR) upgraded to Hold from Sell at Loop Capital with analyst Blake Harper saying downside is limited, even if the Q3 results disappoint, as there is "essentially a floor on the value of shares given the M&A speculation." 2. Costco (COST) upgraded to Buy from Neutral at Northcoast with analyst Chuck Cerankosky saying he expects a stronger earnings improvement in 2018 and believes the performance will reflect a $5 membership increase in the US and Canada. 3. Yum! Brands (YUM) upgraded to Outperform from Neutral at Credit Suisse with analyst Jason West citing a bullish outlook for the "New Yum" non-China, which will begin to trade on a standalone basis on November 1. 4. America's Car-Mart (CRMT) upgraded to Buy from Underperform at BofA/Merrill with analyst Elizabeth Suzuki saying she believes competition in the subprime auto market is beginning to ease and said she is seeing signs of credit tightening at other subprime lenders which should benefit Car-Mart. 5. Alon USA Partners (ALDW) and Western Refining (WNR) upgraded to Buy from Neutral at Citi. 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

NORD

Nord Anglia

$32.82

5.2 (18.83%)

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AKS

AK Steel

$6.40

-0.72 (-10.11%)

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CMG

Chipotle

$471.76

2.97 (0.63%)

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SHOP

Shopify

$76.65

0.82 (1.08%)

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ALGT

Allegiant Travel

$163.85

-1.2 (-0.73%)

05:40
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DYN

Dynegy

$6.19

-0.11 (-1.75%)

05:37
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RSPP

RSP Permian

$38.69

1.32 (3.53%)

05:33
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Initiation
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  • 03

    May

CPE

Callon Petroleum

$12.24

0.39 (3.29%)

05:32
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Initiation
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  • 03

    May

LOGI

Logitech

$31.79

0.99 (3.21%)

05:32
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Earnings
Logitech backs FY18 outlook of high single-digit retail sales growth »

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  • 26

    Apr

FSNN

Fusion Telecommunications

$1.43

0.01 (0.70%)

05:31
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Initiation
Fusion Telecommunications initiated  »

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  • 30

    May

LOGI

Logitech

$31.79

0.99 (3.21%)

05:30
04/26/17
04/26
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Earnings
Logitech reports Q4 EPS 15c, consensus 17c »

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  • 26

    Apr

SKYAY

Sky

$50.26

0.05 (0.10%)

05:29
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WFC

Wells Fargo

$54.56

0.91 (1.70%)

05:26
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Hot Stocks
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  • 11

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KLRE

KLR Energy Acquisition

$10.55

0.1384 (1.33%)

04:55
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04/26
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Conference/Events
KLR Energy Acquisition to host special shareholder meeting »

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  • 26

    Apr

IONS

Ionis Pharmaceuticals

$47.88

2.14 (4.68%)

04:55
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Conference/Events
Ionis Pharmaceuticals management to meet with Needham »

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  • 26

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ADMS

Adamas Pharmaceuticals

$16.36

0.51 (3.22%)

, AVXS

AveXis

$78.74

-0.44 (-0.56%)

04:55
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Conference/Events
American Academy of Neurology »

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ADMS

Adamas Pharmaceuticals

$16.36

0.51 (3.22%)

AVXS

AveXis

$78.74

-0.44 (-0.56%)

CATB

Catabasis Pharmaceuticals

$1.48

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MNOV

MediciNova

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0.14 (2.58%)

IONS

Ionis Pharmaceuticals

$47.88

2.14 (4.68%)

FLKS

Flex Pharma

$3.07

0.01 (0.33%)

TGTX

TG Therapeutics

$12.00

1.6 (15.38%)

03/08/13
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  • 26

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ATEC

Alphatec

$1.98

0.02 (1.02%)

, CAE

CAE

$15.39

0.01 (0.07%)

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ATEC

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$1.98

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CAE

CAE

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0.01 (0.07%)

EDGE

Edge Therapeutics

$10.72

1.07 (11.09%)

MDT

Medtronic

$81.76

1.11 (1.38%)

NUVA

NuVasive

$76.94

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SYK

Stryker

$135.59

1.14 (0.85%)

VRTX

Vertex

$117.27

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SYNA

Synaptics

$52.54

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NVIV

InVivo Therapeutics

$4.00

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LMAT

LeMaitre

$25.63

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MZOR

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$34.74

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OFIX

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$39.28

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SSNLF

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SIEGY

Siemens

$72.70

0.615 (0.85%)

SNE

Sony

$33.65

-0.17 (-0.50%)

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ABUS

Arbutus Biopharma

$3.35

0.05 (1.52%)

04:55
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Conference/Events
Arbutus Biopharma management to meet with William Blair »

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  • 26

    Apr

SXL

Sunoco Logistics

$24.35

0.64 (2.70%)

, ETP

Energy Transfer Partners

$36.42

0.98 (2.77%)

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SXL

Sunoco Logistics

$24.35

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ETP

Energy Transfer Partners

$36.42

0.98 (2.77%)

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  • 26

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TIG

TiGenix

$16.36

0.08 (0.49%)

04:55
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TiGenix management to meet with Canaccord »

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  • 26

    Apr

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MTSI

MACOM

$53.84

-0.17 (-0.31%)

, SBGI

Sinclair Broadcast

$39.30

-0.15 (-0.38%)

04:55
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MTSI

MACOM

$53.84

-0.17 (-0.31%)

SBGI

Sinclair Broadcast

$39.30

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NXST

Nexstar

$68.90

0.3 (0.44%)

TRCO

Tribune Media

$36.55

-0.08 (-0.22%)

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  • 03

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DWCH

Datawatch

$9.40

0.1 (1.08%)

04:55
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Datawatch management to meet with Craig Hallum »

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  • 26

    Apr

KR

Kroger

$29.84

-0.3 (-1.00%)

, AAP

Advance Auto Parts

$145.67

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04:55
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KR

Kroger

$29.84

-0.3 (-1.00%)

AAP

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$145.67

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FL

Foot Locker

$76.60

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SFM

Sprouts Farmers Market

$22.66

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TGT

Target

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0.33 (0.60%)

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  • 04

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KURA

Kura Oncology

$11.20

0.75 (7.18%)

04:55
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  • 26

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RGLS

Regulus

$1.45

0.05 (3.57%)

04:55
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Regulus management to meet with Needham »

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