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FITB

Fifth Third

$26.14

-0.15 (-0.57%)

11:55
11/28/16
11/28
11:55
11/28/16
11:55

Fifth Third put volume heavy and directionally bearish

Bearish flow noted in Fifth Third with 5,958 puts trading, or 7x expected. Most active are Dec-16 25 puts and Feb-17 21 puts, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 8.20, while ATM IV is up nearly 3 points on the day. Earnings are expected on January 19th.

FITB Fifth Third
$26.14

-0.15 (-0.57%)

11/16/16
BERN
11/16/16
DOWNGRADE
BERN
Market Perform
Fifth Third downgraded based on valuation at Bernstein
As noted earlier, Bernstein downgraded Fifth Third to Market Perform from Outperform. Analyst Kevin St. Pierre downgraded the stock, along with several other mid-cap banks, based on valuation. He says that mid-cap bank stocks have risen 33% since their June trough, entirely based on multiple expansion ,and he "struggles to find compelling upside" in any of them at these historically high levels. Fifth Third price target to $26 from $23.
11/16/16
BARD
11/16/16
DOWNGRADE
Target $21
BARD
Underperform
Fifth Third downgraded to Underperform from Neutral at Baird
Baird analyst David George downgraded Fifth Third to Underperform from Neutral as he thinks shares now reflect most of the benefit from the company's Project North Star efficiency program and that, more broadly, the post-election rally has largely discounted the potential benefits of rising interest rates, lower taxes, and more aggressive capital return in the bank space. However, he raised his price target for Fifth Third shares to $21 from $19.
11/16/16
11/16/16
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. Sysco (SYY) downgraded to Neutral from Outperform at Credit Suisse with analyst Edward Kelly saying Sysco shares are up 50% over the last 18 months and now views risk/reward as balanced. 2. Teva (TEVA) downgraded to Hold from Buy at Jefferies, to Equal Weight from Overweight at Morgan Stanley, and to Neutral from Buy at BTIG. 3. Bank of America (BAC) Capital One (COF) downgraded to Neutral from Outperform at Baird while the firm downgraded Fifth Third (FITB) to Underperform from Neutral. 4. Zions Bancorp (ZION) downgraded to Equal Weight from Overweight at Morgan Stanley and to Market Perform from Outperform at Bernstein. 5. Yingli Green Energy (YGE) downgraded to Sell from Buy at Axiom while the firm downgraded SolarCity (SCTY) and JA Solar (JASO) to Sell from Hold. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/18/16
COMP
11/18/16
DOWNGRADE
Target $25.5
COMP
Neutral
Fifth Third downgraded to Neutral from Buy at Compass Point
Compass Point analyst Scott Valentin downgraded Fifth Third to Hold and raised its price target to $25.50 from $23 on valuation and said Trumps victory has pushed bank stocks to new near-term highs.

TODAY'S FREE FLY STORIES

BPMC

Blueprint Medicines

$27.01

-0.99 (-3.54%)

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CBS

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PLNT

Planet Fitness

$20.02

0.03 (0.15%)

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RMBS

Rambus

$12.76

0.09 (0.71%)

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JCI

Johnson Controls

$45.32

-0.41 (-0.90%)

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Johnson Controls to hold a meeting »

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Breaking General news story  »

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CNDT

Conduent

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  • 05

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VCRA

Vocera

$17.96

0.07 (0.39%)

04:55
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Vocera management to meet with Jefferies »

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Barclays commodities/energy analysts hold an analyst/industry conference call »

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JUNO

Juno Therapeutics

$20.43

0.53 (2.66%)

04:55
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Conference/Events
Juno Therapeutics to host analyst and investor meeting »

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  • 05

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TKPPY

Technip

$17.80

0.45 (2.59%)

, FTI

FMC Technologies

$35.60

0.9 (2.59%)

04:55
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Conference/Events
FMC Technologies to host special shareholder meeting »

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TKPPY

Technip

$17.80

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FTI

FMC Technologies

$35.60

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TGTX

TG Therapeutics

$5.50

0.05 (0.92%)

04:55
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TG Therapeutics to hold an investor and analyst reception »

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JPMorgan Euro & global equity strategist holds analyst/industry conference call »

European & Global…

CSV

Carriage Services

$27.50

0.21 (0.77%)

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Conference/Events
Carriage Services management to meet with Barrington »

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  • 05

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GNMSF

Genmab

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Genmab to hold data review meeting »

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RHHBY

Roche

$27.20

-0.1 (-0.37%)

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Roche to hold an analyst meeting »

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BSFT

BroadSoft

$40.30

-0.35 (-0.86%)

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BroadSoft to host investor day »

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CLF

Cliffs Natural

$9.56

0.32 (3.46%)

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Cliffs Natural management to meet with JPMorgan »

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