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Fly News Breaks for May 22, 2018
INFO, CRK, BUD, FITB, M
May 22, 2018 | 10:37 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Macy's (M) upgraded to Positive from Neutral at Susquehanna with analyst Bill Dreher saying he believes the company's initiatives will generate "significant and unexpectedly strong" operating leverage, leading to what he expects to be a "parade" of beat and raise quarterly reports. 2. Fifth Third (FITB) upgraded to Neutral from Underperform at Baird ant to Neutral from Underperform at Macquarie. 3. AB InBev (BUD) upgraded to Sector Perform from Underperform at RBC Capital with analyst James Jones saying while margin growth may be elusive without volume growth, InBev profitability is likely to be "defendable" given the local nature of its brewing, where "economies of scale in production, marketing and distribution are most evident." 4. Comstock Resources (CRK) upgraded to Equalweight from Underweight at Capital One. 5. IHS Markit (INFO) upgraded to Outperform from Neutral at Macquarie with analyst Hamzah Mazari saying the Ipreo deal will drive IHS' organic growth to 5%-7% from 4%-6% and expects buybacks to resume following deleveraging below 3x in 2H 2019, combined with the divestiture of MarkitSERV. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For M;FITB;BUD;CRK;INFO From the Last 2 Days
FITB
Apr 19, 2024 | 16:24 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
FITB
Apr 19, 2024 | 12:01 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
FITB
Apr 19, 2024 | 08:12 EDT
Sees Q2 net interest income stable to up to 1%. Sees Q2 noninterest income up 2% to 4%. Sees Q2 noninterest expense down approximately 6%. Sees Q2net charge-off ratio 35-45 basis points. Sees Q2 allowance for credit losses $0 to $25M. Sees Q2 effective tax rate 22%-23%. Guidance taken from Q1 presentation slides.