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PYPL

PayPal

$41.08

-0.32 (-0.77%)

, DFS

Discover

$71.74

-0.37 (-0.51%)

10:22
01/11/17
01/11
10:22
01/11/17
10:22

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.

PYPL

PayPal

$41.08

-0.32 (-0.77%)

DFS

Discover

$71.74

-0.37 (-0.51%)

V

Visa

$81.49

0.18 (0.22%)

MA

MasterCard

$107.30

-0.02 (-0.02%)

  • 12

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    Jan

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    Jan

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    Feb

PYPL PayPal
$41.08

-0.32 (-0.77%)

01/10/17
LOOP
01/10/17
INITIATION
Target $44
LOOP
Hold
PayPal initiated with a Hold at Loop Capital
Loop Capital analyst Joseph Vafi initiated PayPal with a Hold and a $44 price target.
01/10/17
BREN
01/10/17
INITIATION
Target $51
BREN
Buy
PayPal initiated with a Buy at Berenberg
Berenberg analyst Jean Beaubois initiated PayPal with a Buy and a $51 price target. The analyst expects total payment value, or TPV, growth will continue to surprise on the upside. Management is guiding for growth in the mid-20%s, while he assumes volume growth closer to 30% over the next 3-5 years.
01/05/17
BMOC
01/05/17
INITIATION
Target $47
BMOC
Outperform
PayPal initiated with an Outperform at BMO Capital
BMO Capital initiated PayPal with an Outperform and a $47 price target.
01/10/17
01/10/17
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. Expedia (EXPE) was initiated with a Sell at Citi and resumed with an Equal Weight at Morgan Stanley. 2. PayPal (PYPL) was initiated with a Buy at Berenberg and a Hold at Loop Capital. 3. trivago (TRVG) was initiated with an Outperform at Cowen, an Overweight at Morgan Stanley, a Neutral at Goldman, a Neutral at Citi, a Buy at BofA/Merrill, a Hold at Deutsche Bank, and an Overweight at JPMorgan. 4. Aegion (AEGN) initiated with a Buy at Canaccord. 5. WWE (WWE) initiated with a Buy at MKM Partners. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
DFS Discover
$71.74

-0.37 (-0.51%)

01/06/17
COMP
01/06/17
INITIATION
Target $82
COMP
Buy
Discover initiated with a Buy at Compass Point
Compass Point analyst William Ryan initiated Discover with a Buy and an $82 price target to reflect mid-single digit receivable growth, credit loss normalization in 2017, modest margin expansion, buybacks, and slight operating margin improvement.
01/06/17
SUSQ
01/06/17
DOWNGRADE
SUSQ
Neutral
Discover downgraded to Neutral from Positive at Susquehanna
01/06/17
01/06/17
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. Discover (DFS) initiated with a Buy at Compass Point. 2. Etsy (ETSY) initiated with a Neutral at Piper Jaffray. 3. Lennar (LEN) was initiated with an Overweight at Barclays, while the firm initiated KB Home (KBH) with an Underweight and Toll Brothers (TOL) with an Equal Weight. 4. Allscripts (MDRX) initiated with a Neutral at Cantor. 5. Transocean (RIG) initiated with a Sector Perform at Iberia. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/15/16
BOFA
12/15/16
UPGRADE
Target $81
BOFA
Buy
Discover upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Kenneth Bruce upgraded Discover to Buy from Neutral and raised its price target to $81 from $69 to reflect a healthier macro environment and potentially lower taxes and easing regulation that could drive earnings upside. Bruce expects Discover to benefit from faster growth, better than expected credit performance, and lower tax rates.
V Visa
$81.49

0.18 (0.22%)

12/14/16
COWN
12/14/16
NO CHANGE
COWN
Outperform
Cowen 'strongly recommends' Visa into 2017
Cowen analyst George Mihalos noted that 2016 was a disappointing year for the card network operators Visa (V) and MasterCard (MA) but he "strongly" recommends investors build positions in Visa with the stock at its most favorable valuation in over a year. The analyst, who predicts improving network fundamentals in 2017 and expects Visa to see organic revenue growth acceleration, keeps Outperform ratings on both Visa and MasterCard.
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."
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.
MA MasterCard
$107.30

-0.02 (-0.02%)

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.
01/05/17
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
RBCM
01/05/17
UPGRADE
RBCM
Top Pick
MasterCard upgraded to Top Pick from Outperform at RBC Capital

TODAY'S FREE FLY STORIES

KNOP

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XLNX

Xilinx

$57.88

-0.14 (-0.24%)

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MRVL

Marvell

$15.61

-0.13 (-0.83%)

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NRE

Northstar Realty Europe Corp.

$11.63

0.02 (0.17%)

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QCOM

Qualcomm

$57.20

-0.16 (-0.28%)

16:26
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FB

Facebook

$142.41

-0.24 (-0.17%)

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Periodicals
Oculus co-founder and Rift creator Palmer Luckey leaves Facebook, Upload says 

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QRVO

Qorvo

$69.08

1.23 (1.81%)

16:26
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NFX

Newfield Exploration

$36.71

0.41 (1.13%)

16:26
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TXN

Texas Instruments

$81.04

0.55 (0.68%)

16:25
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Initiation
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NVDA

NVIDIA

16:25
03/30/17
03/30
16:25
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  • 06

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FC

Franklin Covey

$16.05

0.1 (0.63%)

16:25
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Earnings
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AMD

AMD

$14.05

0.34 (2.48%)

16:25
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AMZN

Amazon.com

$876.34

2.02 (0.23%)

, WMT

Wal-Mart

$71.59

0.85 (1.20%)

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Amazon.com

$876.34

2.02 (0.23%)

WMT

Wal-Mart

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0.85 (1.20%)

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COP

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GIS

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MDLZ

Mondelez

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TGT

Target

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COST

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PG

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UN

Unilever; also tag UL

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UL

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PEP

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FCX

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BRCD

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PVTB

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CIBC

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CRBP

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WOR

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SCWX

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16:25
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Conference/Events
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NH

NantHealth

$5.09

0.13 (2.62%)

16:24
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Earnings
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CAVM

Cavium

$71.47

0.11 (0.15%)

16:24
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SWKS

Skyworks

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AVGO

Broadcom

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MXIM

Maxim Integrated

$44.92

0.15 (0.34%)

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INTC

Intel

$35.75

0.18 (0.51%)

16:23
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DRIO

DarioHealth

$3.90

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VIX

Volatility Index S&P 500 Options

$11.61

0.19 (1.66%)

16:21
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