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MPC

Marathon Petroleum

$42.47

0.7 (1.68%)

, BP

BP

$36.67

0.5 (1.38%)

07:12
10/11/16
10/11
07:12
10/11/16
07:12

Marathon sues BP over sale of refiniery, Reuters reports

Marathon Petroleum (MPC) has filed a federal lawsuit accusing BP (BP) of failing to deliver a Texas oil refinery and three products terminals in the condition promised under the companies' $2.4B sales agreement, reported Reuters. Marathon also seeks to stop making payments, as of July 31, 2016, it has been making to BP for servicing retail stations received as part of the sale, the report noted. Reference Link

MPC

Marathon Petroleum

$42.47

0.7 (1.68%)

BP

BP

$36.67

0.5 (1.38%)

  • 27

    Oct

MPC Marathon Petroleum
$42.47

0.7 (1.68%)

07/13/16
LEHM
07/13/16
DOWNGRADE
Target $86
LEHM
Equal Weight
Phillips 66 downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Paul Cheng downgraded Phillips 66 (PSX) to Equal Weight saying he sees limited upside from current share levels. The analyst sees greater upside to large-cap peers Tesoro (TSO), Valero (VLO) and Marathon Petroleum (MPC) when refining margins start to rebound. He lowered his price target for Phillips 66 to $86 from $93.
08/23/16
JEFF
08/23/16
INITIATION
JEFF
Buy
Marathon Petroleum initiated with a Buy at JefferiesMPLX
Jefferies analyst Corey Goldman initiated Marathon Petroleum (MPC) with a Buy rating and $48 price target, citing the potential for ongoing M&A in the MLP space as well as the significant asset drop-down inventories at MPLX (MPLX). Goldman also initiated MPLX with a Hold rating as he launched coverage on the U.S. refining sector.
08/23/16
08/23/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Talend (TLND) initiated with an Equal Weight at Barclays, a Neutral at Goldman, a Neutral at Citi, a Neutral at JPMorgan, and an Outperform at William Blair. 2. BJ's Restaurants (BJRI), Brinker (EAT), Buffalo Wild Wings (BWLD), Chipotle (CMG), McDonald's (MCD), Cheesecake Factory (CAKE), Fogo De Chao (FOGO) were initiated with a Hold at Canaccord while the firm initiated Dave & Buster's (PLAY) and Panera Bread (PNRA) with a Buy. 3. Valero (VLO) and Marathon Petroleum (MPC) were initiated with a Buy at Jefferies, which also started coverage on Phillips 66 (PSX) with a Hold rating. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/21/16
WELS
09/21/16
DOWNGRADE
WELS
Market Perform
Delek US downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Roger Read downgraded Delek US (DK) to Market Perform saying the recent rally in the shares has limited the near-term return potential. The analyst raised his price target range for the stock to $17-$19 from $16-$17. In Refining, Read calls Valero (VLO) and Marathon Petroleum (MPC) his top picks among the large caps and PBF Energy (PBF) his top pick among the small caps.
BP BP
$36.67

0.5 (1.38%)

06/30/16
MSCO
06/30/16
UPGRADE
MSCO
Overweight
BP upgraded to Overweight from Equal Weight at Morgan Stanley
07/05/16
FBCO
07/05/16
UPGRADE
FBCO
Neutral
BP upgraded to Neutral from Underperform at Credit Suisse
09/08/16
BERN
09/08/16
DOWNGRADE
BERN
Market Perform
Total downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Oswald Clint, downgraded Total (TOT) based on his new analysis which shows that its upstream ROIC ranks fifth among the European integrated oil names he covers. The analyst says that Shell (RDS.A), BP (BP), and Eni (E) rank first, second, and third, respectively.He set a $56.61 price target on Total.
09/08/16
BERN
09/08/16
DOWNGRADE
BERN
Underperform
Repsol downgraded to Underperform from Market Perform at Bernstein
Bernstein analyst Oswald Clint downgraded Repsol (REPYY) based on his new analysis which shows that its upstream ROIC ranks sixth among the European integrated oil names he covers. The analyst says that Shell (RDS.A), BP (BP), and Eni (E) rank first, second, and third, respectively. He set an EUR11.30 price target on Repsol, down from EUR13 previously.

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EEM

MSCI Emerging Markets Index

$50.03

0.06 (0.12%)

06:41
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Technical Analysis
MSCI Emerging Markets Index: Pivot points »

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APPN

Appian

$36.15

-2.28 (-5.93%)

06:41
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01/19
06:41
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06:41
Downgrade
Appian rating change  »

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  • 22

    Feb

EWW

iShares MSCI Mexico

$52.62

0.38 (0.73%)

06:41
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Technical Analysis
iShares MSCI Mexico: Pivot points »

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SYF

Synchrony

$37.30

-0.76 (-2.00%)

06:40
01/19/18
01/19
06:40
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06:40
Hot Stocks
Synchrony CEO: Substantial progress made on strategic priorities »

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  • 19

    Jan

UUP

PowerShares DB US Dollar Index Up

$23.61

-0.03 (-0.13%)

06:40
01/19/18
01/19
06:40
01/19/18
06:40
Technical Analysis
PowerShares DB US Dollar Index Up: Pivot points »

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TXN

Texas Instruments

$116.41

-2.75 (-2.31%)

06:40
01/19/18
01/19
06:40
01/19/18
06:40
Recommendations
Texas Instruments analyst commentary  »

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  • 23

    Jan

NOV

National Oilwell

$37.91

-1.01 (-2.60%)

06:40
01/19/18
01/19
06:40
01/19/18
06:40
Hot Stocks
National Oilwell sees Q4 results at or above prior expectations »

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  • 06

    Feb

UDN

PowerShares DB US Dollar Index Down

$22.78

0.03 (0.13%)

06:39
01/19/18
01/19
06:39
01/19/18
06:39
Technical Analysis
PowerShares DB US Dollar Index Down: Pivot points »

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SYF

Synchrony

$37.30

-0.76 (-2.00%)

06:39
01/19/18
01/19
06:39
01/19/18
06:39
Hot Stocks
Synchrony reports Q4 net interest margin 16.24% compared to 16.26% last year »

Return on assets was 1.6%…

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  • 19

    Jan

PB

Prosperity Bancshares

$74.26

-0.2 (-0.27%)

06:38
01/19/18
01/19
06:38
01/19/18
06:38
Hot Stocks
Prosperity Bancshares announces stock repurchase program »

Prosperity Bancshares…

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  • 24

    Jan

  • 30

    Jan

ACOR

Acorda Therapeutics

$25.00

0.25 (1.01%)

, BIIB

Biogen

$344.44

-0.43 (-0.12%)

06:38
01/19/18
01/19
06:38
01/19/18
06:38
Periodicals
Biogen among companies weighing bids for Acorda, Bloomberg reports »

Biogen (BIIB) and…

ACOR

Acorda Therapeutics

$25.00

0.25 (1.01%)

BIIB

Biogen

$344.44

-0.43 (-0.12%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 25

    Jan

  • 08

    Mar

SYF

Synchrony

$37.31

-0.75 (-1.97%)

06:38
01/19/18
01/19
06:38
01/19/18
06:38
Hot Stocks
Synchrony reports estimated Common Equity Tier 1 ratio 16% »

The estimated Common…

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  • 19

    Jan

MRK

Merck

$61.13

-0.9 (-1.45%)

, AZN

AstraZeneca

$35.07

-0.01 (-0.03%)

06:36
01/19/18
01/19
06:36
01/19/18
06:36
Hot Stocks
Merck, AstraZeneca: LYNPARZA receives approval in Japan »

AstraZeneca (AZN) and…

MRK

Merck

$61.13

-0.9 (-1.45%)

AZN

AstraZeneca

$35.07

-0.01 (-0.03%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Jan

  • 02

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  • 08

    Feb

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    Mar

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    Mar

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    Apr

  • 23

    Apr

  • 23

    Oct

GWR

Genesee & Wyoming

$81.57

0.18 (0.22%)

06:36
01/19/18
01/19
06:36
01/19/18
06:36
Hot Stocks
Genesee & Wyoming reports December traffic 255,199 carloads, down 5,7% y/y »

Genesee & Wyoming…

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  • 08

    Feb

SYF

Synchrony

$37.30

-0.76 (-2.00%)

06:34
01/19/18
01/19
06:34
01/19/18
06:34
Hot Stocks
Synchrony reports Q4 net interest income up 8% to $3.9B »

Loan receivables grew $6…

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  • 19

    Jan

FHN

First Horizon

$20.21

-0.09 (-0.44%)

06:34
01/19/18
01/19
06:34
01/19/18
06:34
Earnings
First Horizon reports Q4 EPS (20c) may not compare with consensus 30c »

Reports Q4 revenue…

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  • 19

    Jan

AZN

AstraZeneca

$35.07

-0.01 (-0.03%)

06:34
01/19/18
01/19
06:34
01/19/18
06:34
Periodicals
AstraZeneca sees big productivity jump amid fewer drug projects, Reuters reports »

AstraZeneca has seen an…

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  • 25

    Jan

  • 08

    Feb

  • 08

    Mar

  • 23

    Apr

WIT

Wipro

$5.77

-0.11 (-1.87%)

06:33
01/19/18
01/19
06:33
01/19/18
06:33
Earnings
Breaking Earnings news story on Wipro »

Wipro sees Q4 IT…

03/08/13
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WIT

Wipro

$5.77

-0.11 (-1.87%)

06:33
01/19/18
01/19
06:33
01/19/18
06:33
Earnings
Wipro reports Q3 revenue $2.1B, consensus $2.1B »

IT Services Segment…

03/08/13
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CFG

Citizens Financial

$45.76

-0.08 (-0.17%)

06:33
01/19/18
01/19
06:33
01/19/18
06:33
Hot Stocks
Breaking Hot Stocks news story on Citizens Financial »

Citizens Financial…

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  • 19

    Jan

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  • 19

    Oct

JAPAF

Japan Tobacco

$32.91

-0.29 (-0.87%)

06:33
01/19/18
01/19
06:33
01/19/18
06:33
Upgrade
Japan Tobacco rating change  »

Japan Tobacco upgraded to…

03/08/13
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CFG

Citizens Financial

$45.76

-0.08 (-0.17%)

06:32
01/19/18
01/19
06:32
01/19/18
06:32
Hot Stocks
Citizens Financial raises quarterly dividend 22% to 22c per share »

The dividend is payable…

03/08/13
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  • 19

    Jan

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    Oct

PM

Philip Morris

$105.07

-0.72 (-0.68%)

, MO

Altria Group

$70.03

-0.12 (-0.17%)

06:31
01/19/18
01/19
06:31
01/19/18
06:31
Upgrade
Philip Morris, Altria Group, British American Tobacco rating change  »

Philip Morris upgraded to…

PM

Philip Morris

$105.07

-0.72 (-0.68%)

MO

Altria Group

$70.03

-0.12 (-0.17%)

BTI

British American Tobacco

$68.56

-0.82 (-1.18%)

03/08/13
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  • 24

    Jan

  • 25

    Jan

  • 01

    Feb

CFG

Citizens Financial

$45.76

-0.08 (-0.17%)

06:31
01/19/18
01/19
06:31
01/19/18
06:31
Earnings
Citizens Financial reports Q4 EPS $1.35 with items, consensus 67c »

Reports Q4 revenue $1.5B,…

03/08/13
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  • 19

    Jan

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    Apr

  • 20

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  • 19

    Oct

SYF

Synchrony

$37.30

-0.76 (-2.00%)

06:30
01/19/18
01/19
06:30
01/19/18
06:30
Earnings
Breaking Earnings news story on Synchrony »

Synchrony reports Q4…

03/08/13
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  • 19

    Jan

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