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C

Citi

$48.61

0.14 (0.29%)

, JBLU

JetBlue

$17.84

-0.38 (-2.09%)

08:07
10/17/16
10/17
08:07
10/17/16
08:07

Citi announces JetBlue as 'ThankYou Points' transfer partner

Citi (C) announced eligible U.S. cardmembers can now transfer an unlimited number of their "ThankYou Points" to JetBlue (JBLU) TrueBlue points at a rate of 1.25-to-1 for Citi Premier and Prestige cardmembers and 2-to-1 for Citi Preferred cardmembers.

C

Citi

$48.61

0.14 (0.29%)

JBLU

JetBlue

$17.84

-0.38 (-2.09%)

  • 23

    Oct

  • 25

    Oct

  • 26

    Oct

C Citi
$48.61

0.14 (0.29%)

09/16/16
GSCO
09/16/16
DOWNGRADE
GSCO
Neutral
Citi downgraded to Neutral from Buy at Goldman
Goldman analyst Richard Ramsden downgraded Citi to Neutral and lowered his price target on the shares to $50 from $52. The analyst said Citi's expected earnings inflection has failed to materialize and ROEs are at 7.7%, well below management's 10% target. Ramsden's analysis suggests growth in higher return businesses, such as credit cards and wealth management, and expense discipline will not be enough to increase ROE all the way to its 10% target. Citi remains a capital returns story, constrained by the utilization of deferred tax assets, the analyst wrote in his report.
09/16/16
09/16/16
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. 21st Century Fox (FOX, FOXA) downgraded to Market Perform from Outperform at Bernstein with analyst Jason Park citing a reduction in his estimates for the company's Star India business. 2. Wells Fargo (WFC) downgraded to Underweight from Neutral at Atlantic Equities. 3. Citi (C) downgraded to Neutral from Buy at Goldman with analyst Richard Ramsden saying Citi's expected earnings inflection has failed to materialize and ROEs are at 7.7%, well below management's 10% target. 4. McCormick (MKC) downgraded to Market Perform from Outperform at Bernstein with analyst Alexia Howard citing valuation. 5. Novavax (NVAX) downgraded to Neutral from Overweight at Piper Jaffray, to Neutral from Overweight at JPMorgan, to Neutral from Buy at Ladenburg, to Neutral from Outperform at Wedbush, and to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/16
OPCO
10/10/16
NO CHANGE
OPCO
Oppenheimer technical analyst upgrades Financials, downgrades Consumer Staples
Oppenheimer technical analyst Ari Wald upgraded the Financials sector to Market Weight and downgraded Consumer Staples to Underweight in next step in the firm's "cyclical rotation road map." Wald identified Ameriprise (AMP), Bank of America (BAC), Citi (C), Goldman Sachs (GS), Lincoln National (LNC) and SunTrust (STI) as six stocks breaking higher that he sees as likely to benefit from internal market rotation.
10/11/16
COMP
10/11/16
INITIATION
Target $39
COMP
Sell
Citi initiated with a Sell at Compass Point
Compass Point analyst Charles Peabody initiated Citi with a Sell and a $39 price target saying earnings continue to look week combined with soft international and capital markets.
JBLU JetBlue
$17.84

-0.38 (-2.09%)

04/27/16
COWN
04/27/16
UPGRADE
Target $24
COWN
Outperform
JetBlue upgraded to Outperform at Cowen
As reported previously, Cowen upgraded JetBlue to Outperform from Market Perform as they believe April will be the low point for unit revenue. The firm also cites expectations for slower capacity growth in the second half of 2016, an improved balance sheet, and upside to the new credit card agreement. Cowen maintained its $24 price target on JetBlue shares.
04/27/16
04/27/16
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. JetBlue (JBLU) upgraded to Outperform at Cowen due to the belief that April will be the low point for unit revenue. Cowen cites expectations for slower capacity growth in the second half of 2016, an improved balance sheet and upside to the new credit card agreement. 2. National Oilwell (NOV) upgraded two notches to Overweight at Morgan Stanley by analyst Ole Sloreer, who said negative catalysts are played out with the dividend cut and Sete's bankruptcy filing. The analyst said lack of further negative catalysts, a strong balance sheet, and a trough in Q2 make National Oilwell a top contrarian pick. 3. LyondellBasell (LYB) upgraded to Buy at Nomura citing key commodity products of ethylene/polyethylene and key feedstock, ethane, are approaching peak conditions in 2016 as capacity conditions will outstrip demand. 4. Michael Kors (KORS) upgraded to Overweight at Piper Jaffray by analyst Erinn Murphy, who said she now believes the brand is "holding more stable footing on a global scale." She notes Piper's teen survey highlighted Kors as the top handbag brand and that peer Coach (COH) reported solid Q3 results. 5. Stryker (SYK) upgraded to Buy at Sterne Agee CRT with analyst Gregory Chodaczek saying it deserves a premium multiple given best in space fundamentals and near-term levers to expand margins and bolster sales growth. The analyst believes current valuation is too low given its diversified product portfolio and potential of beating his revenue and earnings estimates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/16/16
IMPC
09/16/16
INITIATION
Target $21
IMPC
Outperform
JetBlue initiated with an Outperform at Imperial Capital
Imperial Capital analyst Michael Derchin started JetBlue Airways with an Outperform rating and $21 price target. The analyst believes Zika concerns are fully priced into the shares at current levels and that JetBlue "can hold its own in competitive battles."
09/16/16
09/16/16
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. GoPro (GPRO) initiated with a Buy at BofA/Merrill. 2. JetBlue (JBLU) initiated with an Outperform at Imperial Capital. 3. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Monster Beverage (MNST) were initiated with an Outperform at Credit Suisse, while the firm initiated Boston Beer (SAM) with an Underperform. Credit Suisse also initiated Coca-Cola (KO) and Constellation Brands (STZ) with a Neutral. 4. lululemon (LULU) initiated with a Positive at Susquehanna. 5. Target (TGT) coverage assumed with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

HCC

Warrior Met Coal

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VSLR

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ESIO

Electro Scientific

$22.01

1.91 (9.50%)

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AAPL

Apple

$179.10

2.91 (1.65%)

08:25
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Periodicals
Apple iPhones, Mac computers affected by "text bomb" security flaw, CNBC says »

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ISRG

Intuitive Surgical

$431.10

11.03 (2.63%)

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FSLR

First Solar

$72.00

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CSGP

CoStar Group

$321.96

2.9 (0.91%)

08:22
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ARWR

Arrowhead

$5.72

0.12 (2.14%)

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Syndicate
Arrowhead 10M share Spot Secondary priced at $5.25 »

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  • 18

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MANT

ManTech

$52.14

0.8 (1.56%)

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  • 21

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$DJT

DJ Transportation Average

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DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

08:21
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DJ Utility Average: Pivot points »

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DJX

Dow Jones Industrial Average

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Technical Analysis
Dow Jones Industrial Average: Pivot points »

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CMG

Chipotle

$334.63

7.26 (2.22%)

08:21
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Chipotle analyst commentary  »

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  • 06

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IYT

iShares Transportation Average

$203.15

0.64 (0.32%)

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XLK

Technology Select Sector SPDR

$67.55

1 (1.50%)

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SAEX

SAExploration

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XLE

Energy Select Sector SPDR

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XLY

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OMC

Omnicom

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XLB

S&P Select Materials SPDR

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0.29 (0.46%)

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XLU

Utilities SPDR

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0.31 (0.62%)

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