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Fly News Breaks for May 18, 2018
PLNT, FFBC, SWKS, AMAT, V
May 18, 2018 | 10:40 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Visa (V) downgraded to Neutral from Buy at UBS with analyst Eric Wasserstrom assuming coverage and saying he believes the current valuation already discounts the company's positive outlook. The analyst lowered his price target for the shares to $141 from $144. 2. Applied Materials (AMAT) downgraded to Neutral from Buy at Goldman Sachs with analyst Toshiya Hari citing the company's second quarter results. 3. Skyworks (SWKS) downgraded to Market Perform from Outperform at Raymond James with analyst Chris Caso saying at this point in the year, Skyworks' management has high visibility into the smartphone content cycle, with the only variable being phone units. 4. First Financial Bancorp (FFBC) downgraded to Neutral from Buy at DA Davidson with analyst Kevin Reevey citing valuation. 5. Planet Fitness (PLNT) downgraded to In-Line from Outperform at Imperial Capital with analyst George Kelly saying he views the shares, after rallying 185% since his April 2016 initiation, as fully valued. 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 V;AMAT;SWKS;FFBC;PLNT From the Last 2 Days
V
Apr 23, 2024 | 17:33 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here
V
Apr 23, 2024 | 16:33 EDT
Sees revenue growth in low double-digits, consensus $33.6B.
V
Apr 23, 2024 | 16:11 EDT
Reports Q2 revenue $8.8B, consensus $8.09B. Reports Q2 transactions processed $55.5B. Reports Q2 payments volume up 8%. "Visa delivered strong results in the second quarter, with net revenue up 10%, GAAP EPS up 12%, and non-GAAP EPS up 20%. Overall payments volume grew 8% and cross-border volume grew 16%, driven by stable consumer spending. As we head into the second half of the year and beyond, we remain focused on the trillions of dollars of opportunity in consumer payments and new flows and on continuing to deepen our partnerships with clients around the world by adding value across our network of networks," said CEO Ryan McInerney.