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JPM

JPMorgan

$66.60

0.57 (0.86%)

, HSBC

HSBC

$37.96

0.34 (0.90%)

07:07
10/05/16
10/05
07:07
10/05/16
07:07

JPMorgan ahead of HSBC in GCC bond sales, Bloomberg reports

JPMorgan Chase (JPM) is outflanking HSBC (HSBC) in the battleground for emerging-market bond deals for the first time in a decade, according to Bloomberg. The former is threatening to dislodge its British rival as the biggest arranger of new issues among the nations of the Gulf Cooperation Council, the publication said. Reference Link

JPM

JPMorgan

$66.60

0.57 (0.86%)

HSBC

HSBC

$37.96

0.34 (0.90%)

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    Feb

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JPM JPMorgan
$66.60

0.57 (0.86%)

08/16/16
08/16/16
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. Hain Celestial (HAIN) downgraded to Equal Weight from Overweight at Barclays, to Neutral from Buy at SunTrust, to Underweight from Neutral at Piper Jaffray, and to Underweight from Neutral at Atlantic Equities. 2. JPMorgan (JPM), SunTrust (STI), and Regions Financial (RF) downgraded to Market Perform from Outperform at Bernstein. 3. Performance Sports Group (PSG) downgraded to Neutral from Outperform at Wedbush with analyst James Hardiman saying the delay in the filing of the company's 10-K could cause it to default. 4. Ocean Rig UDW (ORIG) downgraded to Hold from Buy at Deutsche Bank with analyst Mike Urban saying the company's restructuring is likely unfavorable for existing equity holders. 5. Alarm.com (ALRM) downgraded to Market Perform from Outperform at Raymond James with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/09/16
MACQ
09/09/16
DOWNGRADE
Target $70
MACQ
Neutral
JPMorgan downgraded to Neutral from Outperform at Macquarie
Macquarie analyst David Konrad downgraded JPMorgan to Neutral due to valuation and maintained its $70 price target. The analyst said the interest rate environment is expected to remain challenging and cost-save expectations are largely built into expectations. Further, Konrad believes "meaningfully improved ROE may be difficult with higher-than-peer required capital buffers."
09/09/16
09/09/16
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. JPMorgan (JPM) downgraded to Neutral from Outperform at Macquarie with analyst David Konrad citing valuation. 2. CarMax (KMX) downgraded to Neutral from Buy at Buckingham with analyst Glenn Chin citing valuation. 3. Eaton (ETN) and Ingersoll-Rand (IR) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jeffrey Hammond citing his more cautious outlook for nonresidential construction. 4. Estee Lauder (EL) downgraded to Hold from Buy at Argus with analyst John Staszak saying it will be difficult for the company to achieve further market share gains, given increased competition, slowing growth in the premium beauty products space, and a "challenging" macro environment. 5. SAIC (SAIC) downgraded to Market Perform from Outperform at Cowen and to Hold from Buy at Drexel Hamilton. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/28/16
DBAB
09/28/16
UPGRADE
Target $11.5
DBAB
Buy
Huntington Bancshares upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matt O'Connor upgraded Huntington Bancshares to Buy saying the 15% pullback in the shares since the FirstMerit (FMER) deal was announced is overdone. The analyst views industry-wide concerns surrounding consumer indirect auto lending as overblown and he raised his price target for Huntington shares to $11.50 from $10.50. Going into the Q3 results for U.S. banks, O'Connor likes JPMorgan (JPM) and Wells Fargo (WFC) and is cautious on Fifth Third (FITB).
HSBC HSBC
$37.96

0.34 (0.90%)

08/04/16
BOFA
08/04/16
UPGRADE
BOFA
Buy
HSBC upgraded to Buy from Neutral at BofA/Merrill
09/13/16
SBSH
09/13/16
DOWNGRADE
SBSH
Neutral
HSBC downgraded to Neutral from Buy at Citi (earlier)
Citi analyst Ronit Ghose earlier today downgraded HSBC to Neutral citing the recent rally in the shares.
09/14/16
UBSW
09/14/16
DOWNGRADE
UBSW
Neutral
HSBC downgraded to Neutral from Buy at UBS
UBS downgraded HSBC to Neutral citing valuation following the recent rise in the shares.
09/14/16
09/14/16
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. American Airlines (AAL) downgraded to Neutral from Buy at UBS with analyst Darryl Genovesi citing relative outperformance. The analyst raised his price target to $38 from $35. 2. Coach (COH) downgraded on sustainability of turnaround efforts at Morgan Stanley with analyst Kimberly Greenberger saying the company delivered on fiscal 2016 financial targets but the 10-K suggests the turnaround is unsustainable and was achieved in an "unhealthy manner." 3. Freeport McMoRan (FCX) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Evan Kurtz saying risk/reward is skewed to the downside as the stock is now pricing in $2.75/lb copper, above the firm's $2.43 average over the next 3 years. 4. HSBC (HSBC) downgraded to Neutral from Buy at UBS with the firm citing valuation following the recent rise in the shares. 5. Intersil (ISIL) downgraded to Hold from Buy at Deutsche Bank and to Neutral from Buy at B. Riley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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General news
FX Update: The dollar trading mostly firmer »

FX Update: The dollar…

HBIO

Harvard Bioscience

$3.90

-0.05 (-1.27%)

07:25
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Conference/Events
Harvard Bioscience to hold a conference call »

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VMI

Valmont

$169.70

-1.4 (-0.82%)

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Valmont rating change  »

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LITE

Lumentum

$45.20

-3.65 (-7.47%)

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MAC

Macerich

$66.00

2.25 (3.53%)

07:22
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07:22
Periodicals
Ontario Teachers' in talks with investors on Macerich bid, Bloomberg reports »

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07:22
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Conference/Events
Washington Journal holds discussion on resolving government shutdown »

The Washington…

NFLX

Netflix

$227.58

7.12 (3.23%)

07:21
01/23/18
01/23
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01/23/18
07:21
Recommendations
Netflix analyst commentary  »

Netflix price target…

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  • 30

    Jan

HSGX

Histogenics

07:21
01/23/18
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07:21
Syndicate
Breaking Syndicate news story on Histogenics »

Histogenics 2.34M share…

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  • 26

    Feb

GAIA

Gaia

$11.90

-0.05 (-0.42%)

07:21
01/23/18
01/23
07:21
01/23/18
07:21
Conference/Events
Gaia management to meet with B. Riley »

Meeting to be held in Los…

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  • 29

    Jan

07:20
01/23/18
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07:20
General news
Treasury Market Outlook: global yields tracked lower overnight »

Treasury Market Outlook:…

07:18
01/23/18
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07:18
Conference/Events
Federal Reserve Bank of Chicago President participates in a discussion »

Chicago Federal Reserve…

STT

State Street

$108.99

1.38 (1.28%)

07:17
01/23/18
01/23
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01/23/18
07:17
Hot Stocks
State Street sees Beacon savings realized 18 months ahead of plan by mid-2019 »

In slides ahead of its Q4…

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  • 23

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07:17
01/23/18
01/23
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Conference/Events
The Chicago Council on Global Affairs to hold a panel discussion »

The Chicago Council on…

W

Wayfair

$90.64

2.8 (3.19%)

07:17
01/23/18
01/23
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07:17
Downgrade
Wayfair rating change  »

Wayfair downgraded to…

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  • 22

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07:16
01/23/18
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07:16
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07:16
Conference/Events
CFA Society of Columbus to hold a dinner meeting »

Ian Wallace of Third…

VYGR

Voyager Therapeutics

$20.23

1.56 (8.36%)

07:13
01/23/18
01/23
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07:13
Hot Stocks
Voyager Therapeutics announces FDA clearance of VY-AADC IND application »

Voyager Therapeutics…

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TBK

Triumph Bancorp

$37.00

1 (2.78%)

07:13
01/23/18
01/23
07:13
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07:13
Upgrade
Triumph Bancorp rating change  »

Triumph Bancorp upgraded…

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  • 30

    Jan

07:13
01/23/18
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Conference/Events
Boston University to release survey »

Boston University…

CAT

Caterpillar

$170.89

0.48 (0.28%)

07:12
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Upgrade
Caterpillar rating change  »

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  • 25

    Jan

GPRO

GoPro

$6.30

0.01 (0.16%)

07:12
01/23/18
01/23
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07:12
Downgrade
GoPro rating change  »

GoPro downgraded to…

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  • 01

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VZ

Verizon

$53.46

1.55 (2.99%)

07:11
01/23/18
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07:11
Periodicals
Verizon mulls sports gambling as legalization nears, Bloomberg reports »

Verizon is mulling…

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SRNE

Sorrento Therapeutics

$7.75

1.35 (21.09%)

, JUNO

Juno Therapeutics

$86.00

18.19 (26.83%)

07:10
01/23/18
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07:10
Recommendations
Sorrento Therapeutics, Juno Therapeutics, Celgene analyst commentary  »

Juno acquisition bodes…

SRNE

Sorrento Therapeutics

$7.75

1.35 (21.09%)

JUNO

Juno Therapeutics

$86.00

18.19 (26.83%)

CELG

Celgene

$102.91

0.26 (0.25%)

03/08/13
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SPX

S&P 500

07:10
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Technical Analysis
S&P 500: Pivot points »

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ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

, ENLK

EnLink Midstream Partners

$18.08

0.63 (3.61%)

07:10
01/23/18
01/23
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Conference/Events
U.S. Capital Advisors to hold a conference »

Midstream Corporate…

ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

ENLK

EnLink Midstream Partners

$18.08

0.63 (3.61%)

TRGP

Targa Resources

$51.00

0.27 (0.53%)

03/08/13
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ACBFF

Aurora Cannabis

$11.65

0.8799 (8.17%)

07:10
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07:10
Hot Stocks
Aurora Cannabis, CanniMed extending standstill agreement »

CanniMed Therapeutics…

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