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AXP

American Express

, MA

MasterCard

09:25
01/12/17
01/12
09:25
01/12/17
09:25

CLSA financial tech analyst holds an analyst/industry conference call

Financial Tech Analyst McCrohan hosts Steve Mott, Principal at BetterBuyDesign, who discusses EMV (the Europay, Mastercard, Visa standard) and its prospects at the point of sale in 2017 on an Analyst/Industry conference call to be held on January 12 at 10:30 am.

AXP

American Express

MA

MasterCard

V

Visa

  • 12

    Jan

  • 19

    Jan

  • 31

    Jan

  • 02

    Feb

AXP American Express

01/09/17
BOFA
01/09/17
UPGRADE
Target $90
BOFA
Buy
American Express upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Kenneth Bruce upgraded American Express to Buy and raised its price target to $90 from $77 saying increased travel and entertainment spending and easing competitive concerns should drive a higher multiple. Bruce said the election has increased corporate and consumer optimism that is driving better travel and entertainment spending and recent steps by Chase to roll-back aggressive incentives in its Sapphire Reserve program should reduce competitive concerns.
01/09/17
01/09/17
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 Buy from Neutral at BofA/Merrill with analyst Kenneth Bruce saying increased travel and entertainment spending and easing competitive concerns should drive a higher multiple. 2. Dr Pepper Snapple (DPS) upgraded to Neutral from Sell at Goldman with analyst Jason English saying potentially rising rates are a headwind to valuation, expects fundamentals to remain challenged on sluggish end market demand and big brand share challenges, and incremental headwinds from the rising U.S. dollar. 3. Clorox (CLX) upgraded to Equal Weight from Underweight at Barclays with analyst Lauren Lieberman upgrading Clorox to Equal Weight after lowering her U.S. Non-Food Consumer Staples sector view to Neutral from Positive. The analyst lowered her price target for the shares to $111 from $115. 4. JD.com (JD) upgraded to Overweight from Neutral at JPMorgan with analyst Alex Yao citing first-party revenue growth momentum and expectations for a third-party growth recovery in 2017. 5. Cummins (CMI) upgraded to Equal Weight from Underweight at Barclays with analyst Robert Wertheimer saying the company's , share loss may moderate while its capital deployment could drive upside. The analyst raised his price target for the shares to $135 from $108. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/10/17
OPCO
01/10/17
UPGRADE
Target $98
OPCO
Outperform
American Express upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst Ben Chittenden upgraded American Express to Outperform citing a better economic backdrop and the stock's underperformance relative to peers since the U.S. election. A "good deal of the structural headwinds is priced into the multiple" at current valuation levels, Chittenden tells investors in a research note. He set a $98 price target for the shares.
01/10/17
01/10/17
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 Outperform from Perform at Oppenheimer with analyst Ben Chittenden citing a better economic backdrop and the stock's underperformance relative to peers since the U.S. election. 2. Barracuda (CUDA) was upgraded to Neutral from Underperform at DA Davidson and to Overweight from Equal Weight at Stephens. 3. Acuity Brands (AYI) was upgraded to Outperform from Neutral at Baird and to Buy from Outperform at CLSA. 4. E-Trade (ETFC) upgraded to Buy from Neutral at Goldman with analyst Conor Fitzgerald saying he expects revenue acceleration from higher rates combined with balance sheet growth from deposit sweeps, focus on expenses by new management, and potential for reduced bank regulation. 5. Time Inc. (TIME) upgraded to Outperform from Market Perform at Wells Fargo with analyst Eric Katz citing potential upside from a takeover by Meredith (MDP). A combination makes sense, and Meredith shares are pricing in a $23 purchase price for Time, Katz tells investors in a research note. Should a deal not materialize, Time shares could fall to $14, but it's more likely a deal is done at $23 per share, the analyst argues. Katz raised his price target range for Time to $21-$23 from $15-$17. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MA MasterCard

01/05/17
RBCM
01/05/17
UPGRADE
RBCM
Top Pick
MasterCard upgraded on multiple catalysts at RBC Capital
As noted earlier, RBC Capital upgraded MasterCard to Top Pick from Outperform. Analyst Daniel Perlin says that the company will benefit from improvements in the global economy, along with accelerating revenue growth, its recent acquisition of VocaLink, inflation, and new technological innovations. Target to $130 from $115.
01/05/17
01/05/17
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. MasterCard (MA) upgraded to Top Pick from Outperform at RBC Capital with analyst Daniel Perlin saying the company will benefit from improvements in the global economy, along with accelerating revenue growth, its recent acquisition of VocaLink, inflation, and new technological innovations. 2. Etsy (ETSY) upgraded to Buy from Hold at Loop Capital with analyst Blake Harper saying the company has done something most other retailers have not - fend off competition from Amazon (AMZN). The analyst does not expect Amazon to attract a meaningful share of Etsy shops and products. He raised his price target for Etsy shares to $16 from $14. 3. Chipotle (CMG) upgraded to Neutral from Underperform at Wedbush. 4. Progressive (PGR) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Kai Pan expecting core margins to inflect in 2017 due to a moderation in new business "drag," easier commercial auto comps in the second half of 2017, and sees additional upside from a lower tax rate and rising yield. 5. Southwest (LUV) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Rajeev Lalwani citing its Domestic exposure and defensive positioning. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/06/17
BMOC
01/06/17
NO CHANGE
BMOC
Outperform
Visa recent weakness offers good entry point, says BMO Capital
BMO Capital analyst Paulo Ribeiro named Visa (V) as his top pick in the Financial Technology sector and argued that the recent weakness offers a good entry point with a better set-up seen in FY17 for Visa compared to rival MasterCard (MA). To support the preference, Ribeiro called out a first full year of the Costco and USAA portfolios, easier year-over-year comparisons and accretion from its Visa Europe acquisition. Ribeiro rates Visa an Outperform with a $99 price target, while he has an Outperform rating and $123 price target on Mastercard shares.
01/11/17
BARD
01/11/17
NO CHANGE
BARD
Outperform
PayPal partnerships should help protect margins, says Baird
After PayPal (PYPL) announced an expanded partnership with Discover Financial Services (DFS), Baird analyst Colin Sebastian said this latest deal "closely mirrors" the company's recently-signed Visa (V) and MasterCard (MA) partnerships, all of which he contends should help protect PayPal's margin profile. The analyst, who added that the early results from the company's customer choice expansion "look promising," keeps an Outperform rating on PayPal shares.
V Visa

12/15/16
BOFA
12/15/16
UPGRADE
Target $92
BOFA
Buy
Visa upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Kenneth Bruce upgraded Visa to Buy from Neutral and raised its price target to $92 from $85 to reflect a healthier macro environment and potentially lower taxes and easing regulation that could drive earnings upside. Bruce said Visa's valuation has been pressured over the past few months due to a rotation into cyclical stocks and believes shares are well positioned to for a positive turn in sentiment in 2017.
12/16/16
STFL
12/16/16
NO CHANGE
STFL
Buying opportunity seen in Visa, MasterCard at Stifel
Stifel analyst Christopher Brendler believes that a buying opportunity has been created in Visa (V) and MasterCard (MA), as both stocks have "increasingly attractive relative valuations" and a "positive near-term fundamental outlook," according to Brendler. The analyst notes that Visa's stock is down 4% and MasterCard's is down 1.3% since the election. The analyst says that there is almost no possibility of the Trump Administration increasing the regulation of the credit card networks, and he expects both companies to benefit from domestic fiscal stimulus and a cash repatriation holiday. He keeps Buy ratings on both names but prefers Visa "on relative valuation and pricing upside from Visa Europe."

TODAY'S FREE FLY STORIES

BMS

Bemis

$44.90

-0.28 (-0.62%)

20:30
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ATUS

Altice USA

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BBRY

BlackBerry

$11.06

0.41 (3.85%)

, FINL

Finish Line

$12.73

0.23 (1.84%)

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Earnings
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$11.06

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  • 23

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NBRV

Nabriva Therapeutics

$10.50

1.19 (12.78%)

20:22
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  • 06

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WIX

Wix.com

$72.80

0.5 (0.69%)

20:20
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  • 28

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OCLR

Oclaro

$9.44

-0.1 (-1.05%)

20:19
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Initiation
Oclaro initiated at DA Davidson »

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  • 22

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ACIA

Acacia Communications

$41.64

0.65 (1.59%)

20:19
06/22/17
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Initiation
Acacia Communications initiated at DA Davidson »

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  • 22

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LITE

Lumentum

$62.45

-0.05 (-0.08%)

20:19
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  • 22

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LEJU

Leju

$2.46

0.07 (2.93%)

20:05
06/22/17
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20:05
Downgrade
Leju rating change at JPMorgan »

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GCP

GCP Applied Technologies

$30.40

0.3 (1.00%)

20:04
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Upgrade
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PHM

PulteGroup

$24.04

-0.24 (-0.99%)

19:58
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Initiation
PulteGroup initiated at Credit Suisse »

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DHI

D.R. Horton

$33.47

-0.5 (-1.47%)

19:58
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CAA

CalAtlantic

$34.80

-0.34 (-0.97%)

19:57
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BZH

Beazer Homes

$13.01

0.03 (0.23%)

19:57
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MTH

Meritage Homes

$40.40

-0.4 (-0.98%)

19:57
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TOL

Toll Brothers

19:57
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LEN

Lennar

$52.41

-0.84 (-1.58%)

19:57
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KBH

KB Home

$22.23

-0.1 (-0.45%)

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  • 27

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MHK

Mohawk

$242.70

-0.22 (-0.09%)

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FBHS

Fortune Brands

$65.09

0.06 (0.09%)

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JELD

JELD-WEN Holding

$34.60

-0.29 (-0.83%)

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IBP

Installed Building Products

$52.75

-1 (-1.86%)

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OC

Owens Corning

$66.42

-0.85 (-1.26%)

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WHR

Whirlpool

$195.16

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MAS

Masco

$38.82

0.06 (0.15%)

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