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UBS

UBS

09:40
10/17/16
10/17
09:40
10/17/16
09:40

UBS to spend $1B in IT overhaul, Reuters reports

UBS is set to spend about $1B in an overhaul of its IT platform across its flagship wealth management business, an investment it hopes will ultimately help lower costs, Reuters reports. Dirk Klee, the bank's COO for wealth management, commented, "This is about integrating our historically fragmented infrastructure that we have globally into one platform. So we want to have the same processes, the same way of approaching UBS and we also want to raise synergies and scale in the back office." Reference Link

UBS UBS

09/19/16
FBCO
09/19/16
INITIATION
FBCO
Neutral
UBS initiated with a Neutral at Credit Suisse
Credit Suisse analyst Jon Peace initiated UBS with a Neutral citing likely margin pressures and the need to build capital ratios.
09/19/16
09/19/16
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. DSW (DSW) initiated with a Negative at Susquehanna. 2. Deutsche Bank (DB) initiated with an Underperform at Credit Suisse. 3. UBS (UBS) initiated with a Neutral at Credit Suisse. 4. Cerner (CERN) initiated with a Neutral at BofA/Merrill. 5. Callidus Software (CALD) reinstated with an Outperform 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.
10/05/16
RBCM
10/05/16
UPGRADE
RBCM
Sector Perform
UBS upgraded to Sector Perform from Underperform at RBC Capital
RBC Capital analyst Fiona Swaffield upgraded UBS to Sector Perform with a price target of CHF 14. The analyst sees a dividend reduction as unlikely and believes expectations for the bank's Wealth Management business are now lower.
10/05/16
10/05/16
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. UBS (UBS) upgraded to Sector Perform from Underperform at RBC Capital with analyst Fiona Swaffield saying she sees a dividend reduction as unlikely and believes expectations for the bank's Wealth Management business are now lower. 2. Parker-Hannifin (PH) upgraded to Buy from Hold at Stifel with analyst Nathan Jones saying distributors expect to see revenue growth declining 2% in the second quarter of fiscal 2017 which he believes should be enough for Parker to see its first positive year-over-year revenue comp company wide in six quarters. 3. Flex (FLEX) upgraded to Conviction Buy from Buy at Goldman with analyst Mark Delaney saying it is positioned to benefit from entry into new markets and valuation looks attractive. 4. KBR (KBR) upgraded to Accumulate from Hold at Johnson Rice with analyst Martin Malloy citing the recent pullback in shares and said the stock multiple should trend higher given the shift in business mix to more low-risk, cost reimbursement revenues. 5. Plains All American (PAA) upgraded to Outperform from Market Perform at Wells Fargo. 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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FX Update: The dollar has settled above yesterday's trend lows »

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F

Ford

$13.23

0.07 (0.53%)

, FCAU

Fiat Chrysler

$23.39

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F

Ford

$13.23

0.07 (0.53%)

FCAU

Fiat Chrysler

$23.39

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SFTBY

SoftBank

$40.35

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GOOG

Alphabet

$1,122.26

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GOOGL

Alphabet Class A

$1,130.65

18.6 (1.67%)

TSLA

Tesla

$336.22

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BMWYY

BMW

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TM

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0.29 (0.21%)

GM

General Motors

$44.07

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VLKAY

Volkswagen

$44.34

1.065 (2.46%)

FB

Facebook

$179.37

-8.4 (-4.47%)

AMZN

Amazon.com

$1,305.20

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AAPL

Apple

$177.09

1.81 (1.03%)

NFLX

Netflix

$221.23

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VIVHY

Vivendi

$28.42

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Franklin Resources

$44.53

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PFE

Pfizer

$36.54

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AMGN

Amgen

$185.04

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ABBV

AbbVie

$100.34

1.07 (1.08%)

LLY

Eli Lilly

$86.98

0.59 (0.68%)

BMY

Bristol-Myers

$62.81

0.34 (0.54%)

JNJ

Johnson & Johnson

$145.76

0.97 (0.67%)

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AAPL

Apple

$177.09

1.81 (1.03%)

19:29
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Periodicals
China consumer group seeking answers from Apple on slowing iPhones, Reuters says »

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TWX

Time Warner

$92.05

0.16 (0.17%)

, CMCSA

Comcast

$42.44

-0.16 (-0.38%)

18:52
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Hot Stocks
Box Office Battle: 'Jumanji' wins weekend again »

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TWX

Time Warner

$92.05

0.16 (0.17%)

CMCSA

Comcast

$42.44

-0.16 (-0.38%)

CMCSK

Comcast

SNE

Sony

$50.03

-0.25 (-0.50%)

FOX

21st Century Fox

$36.37

0.57 (1.59%)

FOXA

21st Century Fox

$36.73

0.53 (1.46%)

LGF.A

Lionsgate

$33.71

0.43 (1.29%)

DIS

Disney

$112.47

1.48 (1.33%)

VIAB

Viacom

$33.76

2.95 (9.57%)

VIA

Viacom

$39.10

3.45 (9.68%)

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FNSR

Finisar

$22.74

0.48 (2.16%)

18:41
01/15/18
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18:41
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18:41
Downgrade
Finisar rating change at Goldman Sachs »

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ADTN

Adtran

18:41
01/15/18
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Upgrade
Adtran rating change at Goldman Sachs »

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CIEN

Ciena

$21.94

0.06 (0.27%)

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Ciena rating change at Goldman Sachs »

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SFTBY

SoftBank

$40.35

-0.705 (-1.72%)

18:36
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Auto1 says no need for IPO following SoftBank investment, Reuters reports »

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TEVA

Teva

$22.07

0.33 (1.52%)

18:32
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FDA approves Teva's Trisenox injection for Acute Promyelocytic Leukemia »

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GOOG

Alphabet

$1,122.26

16.74 (1.51%)

, GOOGL

Alphabet Class A

$1,130.65

18.6 (1.67%)

18:26
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Periodicals
Google relaunching map service in China, Nikkei reports »

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GOOG

Alphabet

$1,122.26

16.74 (1.51%)

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Alphabet Class A

$1,130.65

18.6 (1.67%)

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AAPL

Apple

$177.09

1.81 (1.03%)

, TCEHY

Tencent

$56.92

1.565 (2.83%)

18:24
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Periodicals
Apple, Tencent reach deal to allow WeChat users dole out tips, WSJ says »

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AAPL

Apple

$177.09

1.81 (1.03%)

TCEHY

Tencent

$56.92

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RDS.A

Royal Dutch Shell

$70.88

1.04 (1.49%)

, RDS.B

Royal Dutch Shell

$72.70

0.97 (1.35%)

18:20
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Periodicals
Shell acquires stake in solar energy company, Axios reports »

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RDS.A

Royal Dutch Shell

$70.88

1.04 (1.49%)

RDS.B

Royal Dutch Shell

$72.70

0.97 (1.35%)

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C

Citi

$76.84

1.28 (1.69%)

18:17
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Periodicals
Citi to raise pay for women, minorities, Reuters reports »

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FCAU

Fiat Chrysler

$23.39

-0.03 (-0.13%)

18:10
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Periodicals
Fiat Chrysler CEO rules out selling Jeep business, splitting up, WSJ reports »

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SSRM

SSR Mining

$8.08

0.13 (1.64%)

18:06
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SSR Mining reports production of over 370,000 gold equivalent ounces in 2017 »

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XOM

Exxon Mobil

$87.52

0.59 (0.68%)

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Exxon Mobil encounters hydrocarbons onshore Papua New Guinea »

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CEF

Central Fund of Canada Ltd

$13.68

0.23 (1.71%)

17:56
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Central Fund of Canada Ltd, Sprott announce plan of arrangement closing date »

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NJR

New Jersey Resources

$39.45

-0.1 (-0.25%)

17:52
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Adelphia files application for certificate of public convenience and necessity »

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NOK

Nokia

$4.87

0.05 (1.04%)

17:49
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Nokia wins five-year managed services agreement to manage Optus' network »

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MSTR

MicroStrategy

$139.75

1.39 (1.00%)

, AMZN

Amazon.com

$1,305.20

28.52 (2.23%)

17:47
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MicroStrategy announces rollout of MicroStrategy Partner Program »

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MSTR

MicroStrategy

$139.75

1.39 (1.00%)

AMZN

Amazon.com

$1,305.20

28.52 (2.23%)

MSFT

Microsoft

$89.60

1.52 (1.73%)

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DAR

Darling Ingredients

$19.15

0.41 (2.19%)

17:37
01/15/18
01/15
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Darling Ingredients announces new CFO, Chief Administrative Officer »

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AON

Aon plc

$136.55

1.28 (0.95%)

17:34
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Aon declares quarterly dividend of 36c per share »

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KBR

KBR

$20.59

0.39 (1.93%)

17:32
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KBR assures no disruptions on U.K. defense project »

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TRQ

Turquoise Hill

$3.57

0.06 (1.71%)

17:30
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Turquoise Hill announces that Oyu Tolgoi received $155M Tax Act »

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