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MS

Morgan Stanley

$41.80

-0.705 (-1.66%)

, ARNC

Arconic

$26.00

-0.11 (-0.42%)

16:15
04/21/17
04/21
16:15
04/21/17
16:15

Klaus Kleinfeld resigns from Morgan Stanley's Board of Directors

On April 21, Klaus Kleinfeld resigned from Morgan Stanley's Board of Directors, effective immediately, and will not be standing for election at Morgan Stanley's Annual Meeting of Stockholders on May 22.

MS

Morgan Stanley

$41.80

-0.705 (-1.66%)

ARNC

Arconic

$26.00

-0.11 (-0.42%)

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  • 09

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  • 22

    May

MS Morgan Stanley
$41.80

-0.705 (-1.66%)

03/29/17
DBAB
03/29/17
UPGRADE
Target $47
DBAB
Buy
Morgan Stanley upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matt O'Connor upgraded Morgan Stanley (MS) to Buy citing the recent 10% pullback in the shares and his optimism for capital markets beyond Q1. Continued successful execution within FICC will support a higher multiple, O'Connor tells investors in a research note. He raised his price target for Morgan Stanley shares to $47 from $43. Goldman Sachs (GS) and Wells Fargo (WFC) are the analyst's other top picks among the U.S. Banks.
03/29/17
03/29/17
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. Morgan Stanley (MS) upgraded to Buy from Hold at Deutsche Bank with analyst Matt O'Connor citing the recent 10% pullback in the shares and his optimism for capital markets beyond the first quarter. 2. Capital One (COF) upgraded to Buy from Neutral at Nomura with analyst Bill Carcache saying most card issuers have reduced their sub-prime exposure since 2011, but Capital One has increased its subprime mix by 500 bps and is positioned to reap the rewards. Carcache expects Capital One's net income and earning to inflect in 2017 and 2018 with healthy high-single-digit card loan growth continuing, while the need to build reserves abates. The analyst adds, even with no Trump tax or regulatory policy tailwinds, Capital One should put up double-digit earnings growth in 2017 and 2018. 3. Ericsson (ERIC) upgraded to Outperform from Market Perform at Bernstein with analyst Pierre Ferragu saying the company's restructuring plan skews the risk/reward to the upside. 4. Chemours (CC) upgraded to Buy from Hold at Jefferies with analyst Laurence Alexander saying while the stock has rallied as a trade on cyclical leverage and litigation relief, structural improvements in TiO2 and fluoropolymers could bring further upside. 5. Vertex (VRTX) upgraded to Outperform from Market Perform at BMO Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/04/17
04/04/17
NO CHANGE

Mrogan Stanley recommends buying large banks on weakness after Q1 results
Morgan Stanley analyst Betsy Graseck expects most large banks she covers to report weaker than expected Q1 results. However, the analyst recommends that investors buy the large-cap bank stocks on weakness, as she expects them to benefit from "stronger capital return, easing regulation, lower taxes and higher rates in 2H17," along with an improved GDP outlook and strong expense management. Graseck identifies Citi (C) as her top pick heading into the quarter, as she expects its Q1 results to beat expectations, driven by strength in emerging markets and "repositioning investments" that have started to beat fruit. She expects the bank to get a boost from CCAR in June and says that it is "the biggest beneficiary of easing regulation." Other publicly traded companies in the space include Bank of America (BAC), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
04/06/17
EVER
04/06/17
NO CHANGE
EVER
Glass-Steagall return wouldn't find support in Congress, says Evercore ISI
After media reports claimed White House economic adviser Gary Cohn supports rules to make banks split their consumer lending units from their investment divisions, which hints at a return of the "Glass-Steagall" law that was ended by President Clinton and a Republican Congress in 1999, Evercore ISI analyst Terry Haines said there is little support in Congress for a return of the law. Any new bank regulations can't "be done with the stroke of a pen" and will have to go through the usual regulatory process, added Haines. Publicly traded large banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
ARNC Arconic
$26.00

-0.11 (-0.42%)

03/29/17
COWN
03/29/17
INITIATION
Target $25
COWN
Market Perform
Arconic initiated with a Market Perform at Cowen
Cowen analyst Gautam Khanna initiated Arconic (ARNC) with a Market Perform rating and $25 price target, saying the bulls' contention that the 600-900bp margin gap between Arconic's EPS segment and competitor Precision Castparts (PCP) can be eliminated by replacing Arconic's CEO is unrealistic. The stock is not "cheap," even if management changes, Khanna argues.
03/31/17
LBOW
03/31/17
INITIATION
LBOW
Neutral
Arconic initiated with a Neutral at Longbow
Longbow analyst Christopher Olin initiated Arconic with a Neutral.
04/18/17
JPMS
04/18/17
INITIATION
Target $29
JPMS
Neutral
Arconic initiated with a Neutral at JPMorgan
JPMorgan analyst Seth Seifman started Arconic with a Neutral rating and $29 price target. The analyst views Klaus Kleinfeld's resignation as a plus and sees "significant" earnings growth ahead, but notes the stock is already up 44% year-to-date.
04/18/17
04/18/17
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. Arconic (ARNC) initiated with a Neutral at JPMorgan. 2. Priceline (PCLN) coverage transferred with an Outperform at Macquarie. 3. Interpublic Group (IPG) was initiated with an Outperform at Evercore ISI while Omnicom (OMC) was initiated with an In Line. 4. Alteryx (AYX) was initiated with an Outperform at William Blair, Raymond James, JMP Securities, and Cowen, an Overweight at Pacific Crest, a Buy at Goldman Sachs, and a Neutral at JPMorgan. 5. Synacor (SYNC) initiated with a Buy on upcoming growth at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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