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AEL

American Equity

$20.82

-0.36 (-1.70%)

, BANC

Banc of California

$15.35

-0.05 (-0.32%)

07:40
11/29/16
11/29
07:40
11/29/16
07:40

FBR Capital to hold a conference

23rd Annual Investor Conference is being held in New York on November 29.

AEL

American Equity

$20.82

-0.36 (-1.70%)

BANC

Banc of California

$15.35

-0.05 (-0.32%)

CASH

Meta Financial

$93.45

-1.1 (-1.16%)

CLNY

Colony Capital

$20.79

0.06 (0.29%)

DX

Dynex Capital

ENVA

Enova International

$11.80

-0.05 (-0.42%)

FCH

Felcor Lodging

$7.03

-0.21 (-2.90%)

HMST

HomeStreet

$30.90

-0.7 (-2.22%)

IRT

Independence Realty Trust

$8.89

0.05 (0.57%)

JCAP

Jernigan Capital

$19.77

-0.19 (-0.95%)

LADR

Ladder Capital

$14.55

-0.07 (-0.48%)

MAIN

Main Street

$36.18

-0.36 (-0.99%)

NCOM

National Commerce

$32.55

-0.55 (-1.66%)

ONDK

On Deck Capital

$4.67

-0.14 (-2.91%)

PACW

PacWest Bancorp

$51.03

-0.91 (-1.75%)

RAS

RAIT Financial

$3.07

-0.01 (-0.32%)

SBNY

Signature Bank

$148.68

-1.53 (-1.02%)

TBK

Triumph Bancorp

$22.10

0.1 (0.45%)

TSC

TriState Capital

$20.35

0.35 (1.75%)

UCFC

United Community Financial

$8.38

-0.2 (-2.33%)

WBS

Webster Financial

$48.60

-0.5 (-1.02%)

XHR

Xenia Hotels & Resorts

$17.32

-0.23 (-1.31%)

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    Dec

AEL American Equity
$20.82

-0.36 (-1.70%)

10/07/16
FBCO
10/07/16
INITIATION
Target $20
FBCO
Neutral
American Equity initiated with a Neutral at Credit Suisse
Credit Suisse analyst John Nadel initiated American Equity with a Neutral and a $20 price target.
11/04/16
SDLR
11/04/16
UPGRADE
SDLR
Buy
American Equity upgraded to Buy from Hold at Sandler O'Neill
06/06/16
JPMS
06/06/16
UPGRADE
Target $20
JPMS
Overweight
American Equity upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Pablo Singzon upgraded American Equity Investment Life to Overweight saying concerns over the Department of Labor fiduciary rule seem overblown. The current share price undervalues the company's in-force book and ascribes no value to new sales, Singzon tells investors in a research note. He lowered his price target for the shares to $20 from $23.
07/06/16
EVER
07/06/16
INITIATION
Target $22
EVER
Buy
American Equity initiated with a Buy at Evercore ISI
Evercore ISI analyst Thomas Gallagher started American Equity Investment Life with a Buy rating and $22 price target.
BANC Banc of California
$15.35

-0.05 (-0.32%)

10/20/16
DADA
10/20/16
UPGRADE
Target $20
DADA
Buy
Banc of California upgraded to Buy from Neutral at DA Davidson
10/20/16
DADA
10/20/16
UPGRADE
Target $20
DADA
Buy
Banc of California upgraded to Buy after selloff at DA Davidson
As previously reported, DA Davidson analyst Gary Tenner upgraded Banc of California to Buy from Neutral following a steep recent selloff that culminated with Tuesday's decline sparked by a negative Seeking Alpha post. The bank has refuted the most meaningful claim in the recent article and its just-released earnings beat expectations, driven by higher fee income levels, Tenner tells investors. The analyst has 12-18 month price target of $20 on Banc of California shares.
11/14/16
WELS
11/14/16
DOWNGRADE
WELS
Market Perform
Banc of California downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Jared Shaw downgraded Banc of California to Market Perform citing continued uncertainty in corporate governance amid allegations of management conflicts of interest. The analyst lowered his price target range for the shares to $16-$18 from $23-$25.
10/20/16
10/20/16
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. American Express (AXP) upgraded to Neutral from Underperform at BofA/Merrill with the firm's analyst saying the third quarter earnings report points to better than expected billings and higher net interest income and should result in improved sentiment. 2. Kinder Morgan (KMI) upgraded to Outperform from Neutral at Credit Suisse, to Buy from Hold at Stifel, and to Outperform from Peer Perform at Wolfe Research. 3. MAA (MAA) upgraded to Buy from Hold at Jefferies and to Outperform from Market Perform at JMP Securities. 4. Banc of California (BANC) upgraded to Buy from Neutral at DA Davidson with analyst Gary Tenner citing a steep recent selloff that culminated with Tuesday's decline sparked by a negative Seeking Alpha post. The bank has refuted the most meaningful claim in the recent article and its just-released earnings beat expectations, driven by higher fee income levels, Tenner tells investors. 5. DragonWave (DRWI) upgraded to Hold from Sell at Desjardins with analyst Maher Yaghi saying the Sprint (S) contract announcement may be large enough to bring operations back into a cash neutral position. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CASH Meta Financial
$93.45

-1.1 (-1.16%)

04/06/16
KBWI
04/06/16
INITIATION
Target $55
KBWI
Outperform
Meta Financial initiated with an Outperform at Keefe Bruyette
Target $55.
CLNY Colony Capital
$20.79

0.06 (0.29%)

10/21/16
FBRC
10/21/16
UPGRADE
Target $16
FBRC
Outperform
Northstar Realty upgraded to Outperform from Market Perform at FBR Capital
FBR Capital analyst Jessica Levi-Ribner upgraded Northstar Realty Finance (NRF) to Outperform and raised her price target for the shares to $16 from $12.75. The analyst believes the deal with Colony Capital (CLNY) is "all but done."
03/02/16
03/02/16
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. Dollar Tree (DLTR) double downgraded to Market Perform at Raymond James by analyst Dan Wewer, who said the shares are near an all-time high while comp sales growth for the core segment are slowing. 2. Bonanza Creek (BCEI) downgraded at Canaccord, KLR Group, Wunderlich and Imperial Capital, with analysts citing the failed divestiture of the Rocky Mountain Infrastructure assets. 3. Valeant (VRX) downgraded to Hold at Canaccord by analyst Neil Maruoka, who cited increased uncertainty from the different investigations, as well as his reduced reliance on the company's fundamentals. 4. Calavo Growers (CVGW) downgraded to Neutral at DA Davidson, citing fruit prices that usually rise during this time of the year. 5. Colony Capital (CLNY) downgraded to Market Perform at FBR Capital by analyst Daniel Altscher, who said the stock's discount to net asset value is likely to persist given the company's business model transition. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/02/16
FBRC
03/02/16
DOWNGRADE
Target $18
FBRC
Market Perform
Colony Capital downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Daniel Altscher downgraded Colony Capital to Market Perform saying the stock's discount to net asset value is likely to persist given the company's business model transition. Altscher cut his price target for the shares to $18 from $24.
10/05/16
WEDB
10/05/16
INITIATION
Target $26
WEDB
Outperform
Colony Capital initiated with an Outperform at Wedbush
Target $26.
DX Dynex Capital

04/28/16
LTCO
04/28/16
DOWNGRADE
LTCO
Neutral
Dynex Capital downgraded to Neutral from Buy at Ladenburg
Ladenburg analyst David Walrod downgraded Dynex Capital to Neutral citing valuation following the company's Q1 results.
ENVA Enova International
$11.80

-0.05 (-0.42%)

09/01/16
JEFF
09/01/16
INITIATION
Target $12
JEFF
Buy
Enova International initiated with a Buy at Jefferies
Jefferies analyst John Hecht started Enova International with a Buy rating and $12 price target. The analyst sees "meaningful upside" from current shares levels. He views Enova as the leader in the "large, fragmented" market for alternative consumer lending.
09/13/16
JMPS
09/13/16
NO CHANGE
JMPS
Enova not being impacted significantly by Google ban, says JMP Securities
After conducting checks with Enova and other sources, JMP Securities analyst David Scharf says he does not believe that Google's (GOOGL) payday loan ad ban is having a significant impact on Enova's demand and volumes. The analyst thinks that the impact on Enova should be "negligible," partly because it obtains purchased leads from 100+ vendors. Scharf raised his price target on Enova to $11.50 from $9.50 and keeps an Outperform rating on the stock.
09/01/16
09/01/16
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. Enova International (ENVA) initiated with a Buy at Jefferies by analyst John Hecht, who sees "meaningful upside" from current shares levels. He views Enova as the leader in the "large, fragmented" market for alternative consumer lending. 2. Orbital ATK (OA) initiated with a Buy at Deutsche Bank by analyst Myles Walton, who views the stock as compelling following the recent pullback. The release of the company's audited financial statements in the next month coupled with a successful resupply mission will drive buying of the shares, Walton tells investors. 3. Spectrum Brands (SPB) initiated with an Overweight at Piper Jaffray by analyst Stephanie Wissink, highlighting the company's diversified business and "strong" capital position. 4. Fortune Brands (FBHS) initiated with a Neutral by Citi analyst Will Randow, who believes the company is well positioned to benefit from the housing recovery but cites valuation for his rating. 5. Rice Midstream (RMP) initiated with an Overweight rating and a $27 price target at MUFG Securities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/23/16
JMPS
06/23/16
NO CHANGE
JMPS
Enova International outlook remains positive, says JMP Securities
After meeting with Enova's CEO, JMP Securities believes that the company has " a meaningful long-term opportunity in Brazil" that's not yet reflected in analysts' estimates. The firm adds that the rebound in the company's U.K. business appears to be in the "very early stages." The firm reiterates its $9.50 price target and Outperform rating on the shares.
FCH Felcor Lodging
$7.03

-0.21 (-2.90%)

01/11/16
01/11/16
NO CHANGE

JMP Securities lowers earnings estimates for hotel REITs
JMP Securities lowered its 2016 earnings estimates for hotel REITs because it says the group's growth decelerated throughout Q4. In conjunction with the note, the firm downgraded its ratings on Ashford Hospitality Prime (AHP), Ashford Hospitality (AHT), DiamondRock (DRH), and Host Hotels (HST) to Market Perform from Outperform. Within the space, JMP keeps Outperform ratings on Apple Hospitality REIT (APLE), Chatham Lodging (CLDT), Felcor Lodging (FCH), Hersha Hospitality (HT), Summit Hotel Properties (INN), Ryman Hospitality (RHP), and Sotherly Hotels (SOHO). However, it lowered its price targets on those names.
09/26/16
JANY
09/26/16
INITIATION
Target $7.5
JANY
Buy
Felcor Lodging initiated with a Buy at Janney Capital
Janney Capital analyst Tyler Batory initiated Flecor Lodging with a Buy and a $7.50 price target saying the company can benefit from several organic growth opportunities, potential asset sales and an improved balance sheet.
HMST HomeStreet
$30.90

-0.7 (-2.22%)

03/03/16
DADA
03/03/16
NO CHANGE
DADA
HomeStreet provides good opportunity, says DA Davidson
After meeting with HomeStreet's management, DA Davidson says that the bank is benefiting from "strong loan demand and stable/improving credit quality." The firm says that the bank has multiple growth opportunities, while its momentum is building. DA Davidson thinks that the stock is, "a deep value, limited downside risk play." It keeps a Buy rating on the shares.
01/04/16
DADA
01/04/16
NO CHANGE
DADA
DA Davidson's 2016 Top Institutional Picks
DA Davidson named its 2016 Top Institutional Picks. Each of the firm's analysts has selected a single stock from their respective coverage group that appears to offer the most compelling opportunity for the current calendar year based on of risk/reward prospects. They are BofI Holding (BOFI), Boingo Wireless (WIFI), Chicago Bridge & Iron (CBI), CIT Group (CIT), Columbia Sportswear (COLM), Douglas Emmett (DEI), Enterprise Products (EPD), HomeStreet (HMST), International Paper (IP), Inventure Foods (SNAK), Investors Real Estate (IRET), NetScout (NTCT), Skyworks (SWKS), Splunk (SPLK), Summit Materials (SUM), and U.S. Silica (SLCA).
09/09/16
DADA
09/09/16
DOWNGRADE
DADA
Neutral
HomeStreet downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Jeff Rulis downgraded HomeStreet citing valuation.
11/14/16
SDLR
11/14/16
DOWNGRADE
SDLR
Hold
HomeStreet downgraded to Hold from Buy at Sandler O'Neill
Sandler O'Neill analyst Tim O'Brien downgraded HomeStreet to Hold with a $60 price target citing recent share strength.
IRT Independence Realty Trust
$8.89

0.05 (0.57%)

04/06/16
FBRC
04/06/16
INITIATION
Target $7.5
FBRC
Market Perform
Independence Realty Trust initiated with a Market Perform at FBR Capital
FBR analyst Patrick Kealey initiated Independence Realty Trust with a Market Perform rating and $7.50 price target per share.
JCAP Jernigan Capital
$19.77

-0.19 (-0.95%)

06/23/16
FBRC
06/23/16
INITIATION
Target $20
FBRC
Outperform
Jernigan Capital initiated with an Outperform at FBR Capital
FBR Capital analyst David Corak initiated Jernigan Capital with an Outperform and $20 price target.
04/06/16
04/06/16
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. Hibbett Sports (HIBB) downgraded to Underperform at BofA/Merrill citing the impact of the rapid growth of competitor and vendor owned e-commerce in its core small niche markets. BofA said Hibbett plans to build an e-commerce platform which is expected to launch in FQ4 2018, but it will likely negatively impact EBIT margins and earnings growth. 2. Tronox (TROX) downgraded to Sell at UBS by analyst John Roberts, who expects earnings for TiO2 producers to remain challenged in 2016. 3. EOG Resources (EOG) downgraded to Hold at Stifel based on "heightened oil price risk" amid what it sees as "mixed signals from OPEC ministers, ramping volumes from Iran, and potential backlash from Saudi Arabia." 4. Domtar (UFS) downgraded to Underperform from Neutral at BofA/Merrill. 5. Jernigan Capital (JCAP) downgraded to Sell from Hold at Wunderlich. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/06/16
WDLK
04/06/16
DOWNGRADE
Target $10
WDLK
Sell
Jernigan Capital downgraded to Sell from Hold at Wunderlich
Wunderlich analyst Merrill Ross downgraded Jernigan Capital to Sell with a $10 price target.
LADR Ladder Capital
$14.55

-0.07 (-0.48%)

02/23/16
KBWI
02/23/16
DOWNGRADE
Target $13
KBWI
Market Perform
Ladder Capital downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Jade Rahmani downgraded Ladder Capital to Market Perform with a $13 price target citing a lack of near-term catalysts and uncertainty regarding CMBS issuance.
02/19/16
WELS
02/19/16
DOWNGRADE
WELS
Market Perform
Ladder Capital downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Joel Houck downgraded Ladder Capital to Market Perform saying the conduit lending environment remains "highly sub-optimal." The analyst has a $12.00-$12.50 price target range for the shares.
MAIN Main Street
$36.18

-0.36 (-0.99%)

04/27/16
JANY
04/27/16
INITIATION
Target $32
JANY
Neutral
Main Street resumed with a Neutral at Janney Capital
Fair value estimate $32.
NCOM National Commerce
$32.55

-0.55 (-1.66%)

09/01/16
09/01/16
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. Pentair (PNR) downgraded to Underperform from Market Perform at Cowen by analyst Joseph Giordano, who said the Valves & Controls sale will have a negative impact on future growth. The remaining company is more likely to see growth deceleration than acceleration, Giordano tells investors. 2. BankUnited (BKU) downgraded to Underperform from Market Perform at Hovde Group. 3. National Commerce (NCOM) downgraded to Market Perform from Outperform at Fig Partners. 4. Mobile TeleSystems (MBT) downgraded to Hold from Buy at HSBC. 5. Interactive Intelligence (ININ) downgraded to Neutral at Roth Capital and to Market Perform at Northland after the company announced yesterday that it has agreed to be acquired by Genesys for $60.50 per share in cash. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/01/16
FIGP
09/01/16
DOWNGRADE
FIGP
Market Perform
National Commerce downgraded to Market Perform from Outperform at Fig Partners
08/31/16
RAJA
08/31/16
NO CHANGE
Target $30
RAJA
Outperform
National Commerce price target raised to $30 from $26 at Raymond James
Raymond James analyst William Wallace IV raised his price target for National Commerce to $30 from $26 following its announced whole-bank acquisition of Private Bancshares, with the transaction expected to close in Q4 or Q1. The analyst believes National Commerce is acquiring a "healthy institution" with a proven management team. He reiterates an Outperform rating on National Commerce's shares.
05/18/16
05/18/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Clean Harbors (CLH) initiated with an Overweight rating and $58 price target by Barclays analyst John Windham. The analyst expects a recovery in Clean Harbors' oil-related business. 2. BATS Global Markets (BATS) initiated with a Hold rating and $26 price target by Deutsche Bank analyst Brian Bedell. 3. Brocade (BRCD) initiated with a Buy at BofA/Merrill with a $10 price target. 4. Xactly (XTLY) initiated with a Buy by Lake Street analyst Eric Martinuzzi. The analyst, who has a $12 price target on the stock, says the company's accelerated sales hiring last year bodes well for this year. 5. National Commerce (NCOM) initiated with a Market Perform at FBR Capital by analyst Christopher Nolan, who put a $27 price target on the stock. The analyst also initiated Fidelity Southern (LION) and Atlantic Capital (ACBI) with Market Perform ratings. This list is just a portion of The Fly's analyst coverage. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here
ONDK On Deck Capital
$4.67

-0.14 (-2.91%)

07/25/16
ADAM
07/25/16
NO CHANGE
ADAM
Online lending stocks should continue to see headwinds in Q2, says Canaccord
Canaccord believes the online lending stocks are likely to face headwinds through Q2 earnings as investors continue to be concerned about credit risk, investors demand for loans, regulatory action, and layoffs. The firm believes the companies' models hold promise and the public companies should benefit from the tougher capital raising environment for private players. Canaccord maintains its Hold rating on both Lending club (LC) and On Deck Capital (ONDK).
08/09/16
STFL
08/09/16
NO CHANGE
STFL
On Deck Capital reported 'solid' results, says Stifel
Stifel analyst Christopher Brendler believes that On Deck reported "solid" Q2 results in a "tough environment." The analyst continues to believe that the company's diversified funding model is a "key differentiator" that increases its flexibility and he says that the stock's valuation is attractive, in light of the company's growth rate. He cut his price target on the shares to $7 from $10 but reiterates a Buy rating.
08/03/16
OPCO
08/03/16
INITIATION
OPCO
Perform
On Deck Capital initiated with a Perform at Oppenheimer
Oppenheimer analyst Jed Kelly initiated On Deck Capital with a Perform rating saying valuation support will be challenged given his outlook for a lower Marketplace-loan mix, and competition-limiting near-term S&M leverage.
09/20/16
GUGG
09/20/16
INITIATION
GUGG
Neutral
On Deck Capital initiated with a Neutral at Guggenheim
PACW PacWest Bancorp
$51.03

-0.91 (-1.75%)

07/18/16
DADA
07/18/16
DOWNGRADE
DADA
Neutral
PacWest Bancorp downgraded to Neutral from Buy at DA Davidson
09/16/16
JMPS
09/16/16
INITIATION
JMPS
Outperform
PacWest Bancorp initiated with an Outperform at JMP Securities
Target $48.
07/18/16
DADA
07/18/16
DOWNGRADE
DADA
Neutral
PacWest Bancorp downgraded on valuation, growth outlook at DA Davidson
As noted earlier, DA Davidson downgraded PacWest to Neutral from Buy. The firm downgraded the stock based on valuation and what it sees as the company's "modest" 2017 growth outlook. Target $45.
10/04/16
WELS
10/04/16
DOWNGRADE
WELS
Market Perform
PacWest Bancorp downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Jared Shaw downgraded PacWest Bancorp to Market Perform citing valuation. The analyst prefers to wait for better entry points and keeps a $42-$44 price target range for the shares.
RAS RAIT Financial
$3.07

-0.01 (-0.32%)

12/09/15
12/09/15
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Residential Properties (ARPI) downgraded to Neutral at Sterne Agee CRT... Anglo American (AAUKY) downgraded to Underperform from Hold at Jefferies... CACI (CACI) downgraded to Hold from Buy at BB&T... Catalent (CTLT) downgraded to Market Perform from Outperform at Raymond James... CorEnergy (CORR) downgraded to Neutral from Buy at BofA/Merrill... Electrolux AB (ELUXY) downgraded to Underweight from Equal Weight at Barclays... F5 Networks (FFIV) downgraded to Reduce from Neutral at Nomura... Finish Line (FINL) downgraded to Neutral from Overweight at Piper Jaffray... Foresight Energy (FELP) downgraded to Market Perform from Outperform at Cowen... Hancock Holding (HBHC) downgraded to Equal Weight from Overweight at Stephens... Independent Bank (IBTX) downgraded to Equal Weight from Overweight at Stephens... Jabil Circuit (JBL) downgraded on valuation, results outlook at Stifel... Kinder Morgan (KMI) downgraded to Sector Perform from Outperform at RBC Capital... LegacyTexas Financial (LTXB) downgraded to Equal Weight from Overweight at Stephens... Manpower (MAN) downgraded to Hold from Buy at Deutsche Bank... Norwegian Cruise Line (NCLH) downgraded to Sell from Neutral at Goldman... On Assignment (ASGN) downgraded to Hold from Buy at Deutsche Bank... RAIT Financial (RAS) downgraded on dividend reduction at JMP Securities... Robert Half (RHI) downgraded to Hold from Buy at Deutsche Bank... SKF AB (SKFRY) downgraded to Equal Weight from Overweight at Barclays... Sandvik AB (SDVKY) downgraded to Underweight from Equal Weight at Barclays... Smith & Wesson (SWHC) downgraded on valuation at RBC Capital... SunCoke Energy Partners (SXCP) downgraded to Underperform from Buy at BofA/Merrill... SunCoke Energy (SXC) downgraded to Underperform at BofA/Merrill.
01/22/16
01/22/16
INITIATION

On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: CVS Health (CVS) initiated with an Outperform at Baird... Cognex (CGNX) initiated with an Outperform at Raymond James... Ctrip.com (CTRP) initiated with a Buy at Nomura... First Industrial Realty (FR) initiated with a Buy at Jefferies... Kura Oncology (KURA) initiated with an Outperform at JMP Securities... Matador (MTDR) initiated with an Outperform at Iberia... NetEase (NTES) initiated with a Neutral at Nomura... Praxair (PX) reinstated with an Underperform at BofA/Merrill... Primerica (PRI) initiated with an Outperform at William Blair... Prologis (PLD) initiated with a Hold at Jefferies... RAIT Financial (RAS) initiated with an Outperform at FBR Capital... STAG Industrial (STAG) initiated with a Hold at Jefferies... SolarCity (SCTY) initiated with an Overweight at Barclays... Sprouts Farmers Markets (SFM) initiated with an Outperform at Wells Fargo... Sunrun (RUN) initiated with an Overweight at Barclays... Terreno Realty (TRNO) initiated with a Hold at Jefferies... Tower Semiconductor (TSEM) initiated with a Strong Buy at Needham... Unique Fabricating (UFAB) initiated with a Buy at B. Riley... Walgreens Boots Alliance (WBA) initiated with an Outperform at Baird.
12/10/15
COMP
12/10/15
DOWNGRADE
COMP
Neutral
RAIT Financial downgraded to Neutral from Buy at Compass Point
01/22/16
FBRC
01/22/16
INITIATION
Target $3.5
FBRC
Outperform
RAIT Financial initiated with an Outperform at FBR Capital
Target $3.50.
SBNY Signature Bank
$148.68

-1.53 (-1.02%)

10/21/16
10/21/16
DOWNGRADE

Market Perform
Signature Bank downgraded to Market Perform at BMO Capital
As previously reported, BMO Capital downgraded Signature Bank to Market Perform and lowered its price target to $128. Analyst Lana Chan said the New York taxi portfolio is a lingering concern and a proactive reserve build or mark down would relieve an overhang. Additionally, Chan said a less favorable mix shift in asset growth will reduce earnings upside.
10/21/16
10/21/16
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. Yahoo (YHOO) downgraded to Hold from Buy at Jefferies with analyst Brian Fitzgerald citing valuation. 2. Skechers (SKX) downgraded to Neutral from Buy at Citi with analyst Corinna Van der Ghinst saying visibility over the next 12 months is "challenging." 3. Signature Bank (SBNY) downgraded to Market Perform from Outperform at BMO Capital with analyst Lana Chan saying the New York taxi portfolio is a lingering concern and a proactive reserve build or mark down would relieve an overhang. 4. Union Pacific (UNP) downgraded to Market Perform from Outperform at Cowen with analyst Walter Spracklin saying trends in pricing and margins are a concern and appear to be company specific. 5. Gastar Exploration (GST) downgraded to Market Perform from Outperform at FBR Capital analyst Chad Mabry citing valuation after the stock rallied 25%. 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
HOVD
11/18/16
DOWNGRADE
HOVD
Underperform
Signature Bank downgraded to Underperform from Market Perform at Hovde Group
10/21/16
BMOC
10/21/16
DOWNGRADE
BMOC
Market Perform
Signature Bank downgraded to Market Perform from Outperform at BMO Capital
TBK Triumph Bancorp
$22.10

0.1 (0.45%)

03/31/16
FBRC
03/31/16
INITIATION
Target $19
FBRC
Outperform
Triumph Bancorp initiated with an Outperform at FBR Capital
FBR Capital analyst Christopher Nolan started Triumph Bancorp with an Outperform rating and $19 price target.
TSC TriState Capital
$20.35

0.35 (1.75%)

10/05/16
BOSC
10/05/16
INITIATION
Target $16.2
BOSC
Neutral
TriState Capital initiated with a Neutral at Boenning & Scattergood
Boenning & Scattergood analyst Matthew Schultheis initiated TriState Capital with a Neutral and a $16.20 price target.
12/15/15
MAXM
12/15/15
INITIATION
Target $16
MAXM
Buy
TriState Capital initiated with a Buy at Maxim
Target $16.
UCFC United Community Financial
$8.38

-0.2 (-2.33%)

09/12/16
BOSC
09/12/16
UPGRADE
BOSC
Outperform
United Community Financial upgraded to Outperform at Boenning & Scattergood
Boenning & Scattergood upgraded United Community Financial (UCFC) to Outperform from Neutral with a $7.50 price target. The analyst said the announced acquisition of Ohio Legacy Corp (OLCB) changes this equation and adds significant growth opportunities in new contiguous markets, and also bolsters the ongoing expansion of higher-ROA commercial-oriented businesses.
02/01/16
02/01/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded at BMO Capital... ARMOUR Residential (ARR) downgraded to Underweight from Equal Weight at Barclays... Abraxas Petroleum (AXAS) downgraded to Neutral from Buy at SunTrust... Anchor BanCorp Wisconsin (ABCW) downgraded to Equal Weight from Overweight at Stephens... Ashford Hospitality Prime (AHP) downgraded to Hold from Buy at Canaccord... Ashford Hospitality (AHT) downgraded to Hold from Buy at Canaccord... Axiall (AXLL) downgraded to Neutral from Buy at Citi... Boston Private Financial (BPFH) downgraded to Neutral from Buy at SunTrust... Colliers International (CIGI) downgraded to Sector Perform from Outperform at RBC Capital... Companhia Brasileira de Distribuicao (CBD) downgraded to Neutral at Credit Suisse... Connecticut Water (CTWS) downgraded to Market Perform from Outperform at Wells Fargo... Duke Realty (DRE) downgraded on valuation, growth outlook at BMO Capital... EP Energy (EPE) downgraded to Neutral from Buy at SunTrust... Eastman Chemical (EMN) downgraded at SunTrust... Equity Residential (EQR) downgraded to Neutral from Buy at Mizuho... Genuine Parts (GPC) downgraded to Neutral from Overweight at JPMorgan... Hersha Hospitality (HT) downgraded to Hold from Buy at Canaccord... Jones Energy (JONE) downgraded to Neutral from Buy at SunTrust... Mondelez (MDLZ) downgraded to Neutral from Positive at Susquehanna... Nokia (NOK) downgraded to Hold from Buy at Canaccord... Ollie's Bargain Outlet (OLLI) downgraded to Neutral from Outperform at Credit Suisse... Oshkosh (OSK) downgraded to Hold from Buy at Drexel Hamilton... Outerwall (OUTR) downgraded on Redbox weakness at Roth Capital... PACCAR (PCAR) downgraded to Underperform from Peer Perform at Wolfe Research... Restoration Hardware (RH) downgraded to Market Perform from Outperform at Cowen... Rex Energy (REXX) downgraded to Neutral from Buy at SunTrust... Sanchez Energy (SN) downgraded to Neutral from Buy at SunTrust... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Santander Consumer (SC) downgraded to Underperform from Neutral at BofA/Merrill... Tiffany (TIF) downgraded to Market Perform from Outperform at Cowen... Trex Company (TREX) downgraded to Hold from Buy at BB&T... U.S. Steel (X) downgraded to Neutral from Outperform at Macquarie... United Community Financial (UCFC) downgraded to Neutral from Outperform at Boenning & Scattergood... Xerox (XRX) downgraded to Equal Weight from Overweight at Morgan Stanley.
02/01/16
BOSC
02/01/16
DOWNGRADE
BOSC
Neutral
United Community Financial downgraded to Neutral from Outperform at Boenning & Scattergood
Boenning & Scattergood downgraded United Community Financial to Neutral based on valuation.
WBS Webster Financial
$48.60

-0.5 (-1.02%)

11/16/16
PIPR
11/16/16
DOWNGRADE
Target $37.5
PIPR
Underweight
Webster Financial downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Matthew Breese downgraded Webster Financial to Underweight saying it is time to take profits following the recent rally in the shares. The analyst keeps a $37.50 price target for the shares.
11/14/16
WELS
11/14/16
DOWNGRADE
WELS
Market Perform
Webster Financial downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Jared Shaw downgraded Webster Financial to Market Perform citing valuation following the recent rally of the shares. The analyst raised his price target range for the shares to $44-$46 from $40-$45.
11/08/16
DBAB
11/08/16
DOWNGRADE
DBAB
Hold
Webster Financial downgraded to Hold from Buy at Deutsche Bank
08/05/16
LEHM
08/05/16
DOWNGRADE
Target $38
LEHM
Equal Weight
Webster Financial downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Matthew Keating downgraded Webster Financial to Equal Weight saying consensus estimates now incorporate HSA Bank unit's positive contributions. The analyst keeps a $38 price target for the shares.
XHR Xenia Hotels & Resorts
$17.32

-0.23 (-1.31%)

05/02/16
WELS
05/02/16
INITIATION
WELS
Outperform
Xenia Hotels & Resorts initiated with an Outperform at Wells Fargo
Wells Fargo analyst Jeffrey Donnelly started Xenia Hotels & Resorts with an Outperform rating and $18-$19 price target range.
07/26/16
RAJA
07/26/16
INITIATION
RAJA
Market Perform
Xenia Hotels & Resorts initiated with a Market Perform at Raymond James
03/17/16
MSCO
03/17/16
DOWNGRADE
Target $17
MSCO
Equal Weight
Xenia Hotels & Resorts downgraded to Equal Weight at Morgan Stanley
Morgan Stanley analyst Thomas Allen downgraded Xenia Hotels & Resorts to Equal Weight from Overweight citing balanced risk/reward and maintained his $17 price target on shares.

TODAY'S FREE FLY STORIES

RHHBY

Roche

$27.67

0.47 (1.73%)

20:25
12/05/16
12/05
20:25
12/05/16
20:25
Conference/Events
Roche to hold an analyst meeting »

Analyst Meeting to…

03/08/13
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03/08/13
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03/06/13
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  • 05

    Dec

AZO

AutoZone

$776.42

-7.32 (-0.93%)

, HDS

HD Supply

$39.75

0.67 (1.71%)

20:25
12/05/16
12/05
20:25
12/05/16
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

AZO

AutoZone

$776.42

-7.32 (-0.93%)

HDS

HD Supply

$39.75

0.67 (1.71%)

MIK

Michaels

$24.31

0.34 (1.42%)

TOL

Toll Brothers

$30.47

1.15 (3.92%)

BOBE

Bob Evans

$46.77

1.05 (2.30%)

CONN

Conn's

$11.20

0.4 (3.70%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 05

    Dec

  • 06

    Dec

  • 06

    Dec

  • 06

    Dec

  • 06

    Dec

  • 06

    Dec

  • 06

    Dec

  • 14

    Dec

  • 09

    Jan

GDDY

GoDaddy

$34.74

1.45 (4.36%)

20:14
12/05/16
12/05
20:14
12/05/16
20:14
Hot Stocks
GoDaddy acquires WP Curve »

WP Curve announced it has…

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BDC

Belden

$74.99

0.9 (1.21%)

20:10
12/05/16
12/05
20:10
12/05/16
20:10
Earnings
Belden sees FY17 adjusted EPS $5.00-$5.25, consensus $5.23 »

Sees FY17 revenue…

03/08/13
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03/08/13
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03/06/13
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  • 05

    Dec

SGMO

Sangamo

19:39
12/05/16
12/05
19:39
12/05/16
19:39
Hot Stocks
Sangamo reports preclinical, manufacturing data on SB-525, says IND on track »

Sangamo BioSciences…

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  • 05

    Dec

SGEN

Seattle Genetics

$66.26

-0.44 (-0.66%)

, BMY

Bristol-Myers

$55.55

-0.41 (-0.73%)

19:38
12/05/16
12/05
19:38
12/05/16
19:38
Hot Stocks
Seattle Genetics, Bristol-Myers: Data supports ADCETRIS, Opdivo combo »

Seattle Genetics (SGEN)…

SGEN

Seattle Genetics

$66.26

-0.44 (-0.66%)

BMY

Bristol-Myers

$55.55

-0.41 (-0.73%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 05

    Dec

  • 07

    Dec

LGIH

LGI Homes

$32.34

0.45 (1.41%)

19:36
12/05/16
12/05
19:36
12/05/16
19:36
Hot Stocks
LGI Homes reports November home closings up 28.9% y/y »

LGI Homes announced 321…

03/08/13
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03/08/13
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03/06/13
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CELG

Celgene

$116.56

-1.07 (-0.91%)

19:36
12/05/16
12/05
19:36
12/05/16
19:36
Hot Stocks
Celgene reports analysis of three CC-486 studies »

Celgene announced results…

03/08/13
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03/08/13
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03/06/13
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  • 06

    Dec

BLUE

bluebird bio

$72.15

2.4 (3.44%)

19:35
12/05/16
12/05
19:35
12/05/16
19:35
Hot Stocks
bluebird bio provides updates on HSC gene therapy programs »

bluebird bio provided…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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AGIO

Agios Pharmaceuticals

$49.88

-7.09 (-12.45%)

19:33
12/05/16
12/05
19:33
12/05/16
19:33
Hot Stocks
Agios 'encouraged' by durable clinical activity of AG-120 »

Agios Pharmaceuticals…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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MRK

Merck

$60.25

-0.88 (-1.44%)

19:31
12/05/16
12/05
19:31
12/05/16
19:31
Hot Stocks
Merck: KEYNOTE-087 trial data shows oORR of 69%, CRR of 22.4% »

Merck announced updated…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 06

    Dec

  • 08

    Mar

TWX

Time Warner

$93.34

-0.46 (-0.49%)

, T

AT&T

$38.63

0.02 (0.05%)

19:29
12/05/16
12/05
19:29
12/05/16
19:29
Periodicals
Time Warner 'struggling to expand' HBO Now, NY Post says »

Time Warner (TWX) is…

TWX

Time Warner

$93.34

-0.46 (-0.49%)

T

AT&T

$38.63

0.02 (0.05%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 05

    Dec

  • 07

    Dec

  • 07

    Dec

BP

BP

, REPYY

Repsol

$13.88

0.25 (1.83%)

19:18
12/05/16
12/05
19:18
12/05/16
19:18
Periodicals
BP acquires Repsol stake in Indonesia LNG plant, Reuters says »

BP (BP) has purchased…

BP

BP

REPYY

Repsol

$13.88

0.25 (1.83%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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FOSUF

Fosun

19:12
12/05/16
12/05
19:12
12/05/16
19:12
Hot Stocks
Liberty Mutual to acquire Fosun subsidiary Ironshore for roughly $3B »

Liberty Mutual Insurance…

03/08/13
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03/08/13
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03/06/13
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VZ

Verizon

$49.75

-0.06 (-0.12%)

, YHOO

Yahoo

$40.20

0.13 (0.32%)

18:54
12/05/16
12/05
18:54
12/05/16
18:54
Periodicals
AOL CEO 'cautiously optimistic' Verizon-Yahoo deal will go through, WSJ says »

AOL CEO Tim Armstrong…

VZ

Verizon

$49.75

-0.06 (-0.12%)

YHOO

Yahoo

$40.20

0.13 (0.32%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 05

    Dec

  • 24

    Jan

TUWOY

Tullow Oil

$2.06

0.109 (5.58%)

18:46
12/05/16
12/05
18:46
12/05/16
18:46
Downgrade
Tullow Oil rating change  »

Tullow Oil downgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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GBNK

Guaranty Bancorp

$22.15

0.75 (3.50%)

18:43
12/05/16
12/05
18:43
12/05/16
18:43
Hot Stocks
Breaking Hot Stocks news story on Guaranty Bancorp »

Castle Creek raises stake…

03/08/13
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03/06/13
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03/06/13
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ATKR

Atkore

$20.48

-0.18 (-0.87%)

18:41
12/05/16
12/05
18:41
12/05/16
18:41
Syndicate
Atkore files to sell 8M shares of common stock for holders »

The offering is being…

03/08/13
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UTX

United Technologies

$107.42

-0.8 (-0.74%)

18:38
12/05/16
12/05
18:38
12/05/16
18:38
Hot Stocks
United Technologies CEO: No quid pro quo on taxes in Carrier deal with Trump »

Says Carrier agreement…

03/08/13
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IPDN

Professional Diversity Network

$9.75

-0.01 (-0.10%)

18:37
12/05/16
12/05
18:37
12/05/16
18:37
Hot Stocks
Breaking Hot Stocks news story on Professional Diversity Network »

North Star cuts passive…

03/08/13
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03/06/13
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DHXM

DHX Media

$5.05

-0.36 (-6.65%)

18:33
12/05/16
12/05
18:33
12/05/16
18:33
Hot Stocks
Breaking Hot Stocks news story on DHX Media »

Luxor Capital cuts…

03/08/13
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03/06/13
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03/06/13
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TPHS

Trinity Place

$10.02

0.08 (0.80%)

18:24
12/05/16
12/05
18:24
12/05/16
18:24
Hot Stocks
Trinity Place Holdings, Pacolet Milliken acquire Brooklyn building for $68.8M »

Trinity Place Holdings…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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SU

Suncor

$32.46

0.23 (0.71%)

18:07
12/05/16
12/05
18:07
12/05/16
18:07
Hot Stocks
Suncor Energy resolves C$1.3B tax dispute with Canada Revenue Agency »

Suncor Energy reports…

03/08/13
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03/06/13
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XLRN

Acceleron

$34.90

-1.39 (-3.83%)

, CELG

Celgene

$116.56

-1.07 (-0.91%)

18:07
12/05/16
12/05
18:07
12/05/16
18:07
Hot Stocks
Acceleron, Celgene report Phase 2 data on luspatercept in beta-thalassemia »

Acceleron Pharma (XLRN)…

XLRN

Acceleron

$34.90

-1.39 (-3.83%)

CELG

Celgene

$116.56

-1.07 (-0.91%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 05

    Dec

  • 06

    Dec

SNSS

Sunesis

$4.02

0.12 (3.08%)

17:54
12/05/16
12/05
17:54
12/05/16
17:54
Hot Stocks
Sunesis says new VALOR trial data show 'compelling durable survival outcomes' »

Sunesis Pharmaceuticals…

03/08/13
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03/06/13
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03/06/13
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