Breaking News Instant updates and real-time market news.

BLK

BlackRock

$388.48

4.81 (1.25%)

, JPM

JPMorgan

$83.96

-0.31 (-0.37%)

07:23
05/19/17
05/19
07:23
05/19/17
07:23

JPMorgan to hold a conference

13th Annual Macro Quantitative & Derivatives Research Conference is being held in New York on May 19.

BLK

BlackRock

$388.48

4.81 (1.25%)

JPM

JPMorgan

$83.96

-0.31 (-0.37%)

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    Oct

BLK BlackRock
$388.48

4.81 (1.25%)

01/26/17
ARGS
01/26/17
DOWNGRADE
ARGS
Hold
State Street downgraded to Hold from Buy at Argus
Argus analyst Stephen Biggar downgraded State Street (STT) based on valuation and the news that major State Street customer BlackRock (BLK) will transfer a portion of its servicing assets to JPMorgan (JPM).
03/17/17
03/17/17
NO CHANGE

Underweight
Morgan Stanley cuts T. Rowe, Franklin Resources to sell with fees seen at risk
As previously reported, Morgan Stanley analyst Michael Cyprys downgraded asset managers T. Rowe Price (TROW) and Franklin Resources (BEN), each to Underweight from Equal Weight, citing his belief that structural changes in the industry could compress traditional managers' fees by 10-15% over the next 3-5 years. Cyprys sees the gap between alternative and traditional asset managers as widening and increasingly prefers the alternative managers, which he sees having less exposure to disruption. The analyst, who also has Underweight ratings on Janus Capital (JNS) and Waddell & Reed (WDR), keeps Overweight ratings on only BlackRock (BLK) and Invesco (IVZ) among the asset managers he covers.
04/06/17
FBCO
04/06/17
NO CHANGE
Target $530
FBCO
Outperform
BlackRock price target raised to $530 from $464 at Credit Suisse
Credit Suisse analyst Craig Siegenthaler raised his price target for BlackRock to $530 from $464 on valuation. The analyst reiterates an Outperform rating on the shares.
04/11/17
MSCO
04/11/17
NO CHANGE
MSCO
Consolidation wave approaching Asset Management industry, says Morgan Stanley
Morgan Stanley analyst Michael Cyprys sees multiple headwinds - including distribution challenges, intensifying fee pressure, new regulation, and a weak organic growth outlook for active management - facing Asset Managers and believes that while M&A may not solve the challenges it can help firms adapt to better navigate the shifting landscape. The analyst, who believes "this time is different," thinks scale can help and predicts a wave of large-scale consolidation is approaching for the industry. Brokers and Asset Managers covered by Morgan Stanley include WisdomTree (WETF), Waddell & Reed (WDR), T. Rowe Price (TROW), Franklin Resources (BEN), Janus Capital (JNS), BlackRock (BLK) and Invesco (IVZ).
JPM JPMorgan
$83.96

-0.31 (-0.37%)

04/19/17
OPCO
04/19/17
NO CHANGE
OPCO
Oppenheimer bullish on Visa, MasterCard ahead of results
Oppenheimer analyst Glenn Greene reiterates Outperform ratings for MasterCard (MA) and Visa (V) and $120 and $95 price targets, respectively, heading into results. The analyst is encouraged by "solid" January intra-quarter volume growth, improving gas price trends, strong retail sales growth, and broadly positive card issuer trends. Further, Greene continues to believe that MasterCard and Visa are attractive at current levels, given their defensible market positions and strong long-term prospects. Nonetheless, he prefers Visa relative to MasterCard at present given the continuing U.S. volume boost from the Costco (COST)/USAA wins and JPMorgan Chase (JPM) Sapphire Reserve momentum, apparent conservative guidance, and Visa Europe accretion benefits.
04/25/17
GUGG
04/25/17
UPGRADE
GUGG
Buy
JPMorgan upgraded to Buy from Neutral at Guggenheim
04/25/17
GUGG
04/25/17
UPGRADE
Target $96
GUGG
Buy
JPMorgan upgraded to Buy on earnings momentum at Guggenheim
As previously reported, Guggenheim upgraded JPMorgan to Buy from Neutral with a $96 price target. Analyst Eric Wasserstrom said fundamental trends have been stronger than forecasts and believes there is upside potential in the core loan forecast of 6% in 2017, indicating sustained earnings momentum even in a period without improving macro conditions.
04/25/17
04/25/17
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. Best Buy (BBY) upgraded to Buy from Neutral at BofA/Merrill with analyst Denise Chai citing stronger than expected product cycles in TVs, phones, and time smart home technology, strong online growth, increased focus on high margin services like subscription warranties and in-home services, and new cost savings opportunities. 2. JPMorgan (JPM) and American Express (AXP) were upgraded to Buy from Neutral at Guggenheim while Wells Fargo (WFC) was upgraded to Neutral from Sell. 3. Crane (CR) upgraded to Outperform from Market Perform at William Blair with analyst Nicholas Heymann citing the company's first quarter results. 4. NCI Building (NCS) upgraded to Outperform from Sector Perform at RBC Capital with analyst Robert Wetenhall saying he is more confident in the outlook of the company's end markets and the growth potential of its insulated metal panels business. The analyst believes that worries about the impact of steel price fluctuations on the company's margins are overdone, as he says that hedging can reduce the impact of such fluctuations. 5. Terex (TEX) upgraded to Overweight from Neutral at JPMorgan with analyst Ann Duignan saying the stock looks undervalued based on the company's 2020 targets. Following Terex's Q1 upside and raised 2017 outlook, the analyst upped her price target for the shares to $47 from $30. 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

SBUX

Starbucks

$61.89

0.74 (1.21%)

10:30
05/25/17
05/25
10:30
05/25/17
10:30
Options
Sizable spread in Starbuck's as shares reach 52-week highs »

Sizable spread in…

03/08/13
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10:30
05/25/17
05/25
10:30
05/25/17
10:30
General news
Treasury Option Action: put spread demand on 10s »

Treasury Option Action:…

SPLS

Staples

$8.78

0.1 (1.15%)

10:27
05/25/17
05/25
10:27
05/25/17
10:27
Periodicals
Breaking Periodicals news story on Staples »

Staples rejected Cerberus…

03/08/13
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NKE

Nike

$52.38

0.365 (0.70%)

10:25
05/25/17
05/25
10:25
05/25/17
10:25
Options
Nike call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/08/13
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KBIO

KaloBios

$2.20

-0.05 (-2.22%)

10:20
05/25/17
05/25
10:20
05/25/17
10:20
Hot Stocks
KaloBios comments on publication reporting higher death risk with Chagas »

KaloBios Pharmaceuticals…

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03/06/13
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03/06/13
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10:20
05/25/17
05/25
10:20
05/25/17
10:20
General news
Today's U.S. reports »

Today's U.S. reports…

$NSD

NASDAQ Market Internals

10:17
05/25/17
05/25
10:17
05/25/17
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is below average…

03/08/13
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03/06/13
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SHLD

Sears

$7.47

-0.31 (-3.98%)

, AMZN

Amazon.com

$980.35

8.81 (0.91%)

10:16
05/25/17
05/25
10:16
05/25/17
10:16
Hot Stocks
Sears soars after reporting smaller than expected quarterly loss »

Shares of Sears Holdings…

SHLD

Sears

$7.47

-0.31 (-3.98%)

AMZN

Amazon.com

$980.35

8.81 (0.91%)

JCP

J.C. Penney

$4.74

0.085 (1.83%)

M

Macy's

$23.60

0.4196 (1.81%)

TGT

Target

$54.26

0.13 (0.24%)

STWD

Starwood Property

$22.19

0.05 (0.23%)

KSS

Kohl's

$38.62

0.6899 (1.82%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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$NYE

NYSE Market Internals

10:16
05/25/17
05/25
10:16
05/25/17
10:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
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03/06/13
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10:15
05/25/17
05/25
10:15
05/25/17
10:15
General news
Breaking General news story  »

Week of 5/19 EIA Natural…

CSRA

CSRA

$31.08

1.44 (4.86%)

10:12
05/25/17
05/25
10:12
05/25/17
10:12
Hot Stocks
CSRA unit wins five-year $266M EPA contract »

CSRA announced that its…

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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  • 31

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TWLO

Twilio

$25.10

-0.95 (-3.65%)

, ZEN

Zendesk

$25.86

0.02 (0.08%)

10:07
05/25/17
05/25
10:07
05/25/17
10:07
Recommendations
Twilio lower after Northland details relationship with Airbnb »

Airbnb, which currently…

TWLO

Twilio

$25.10

-0.95 (-3.65%)

ZEN

Zendesk

$25.86

0.02 (0.08%)

VG

Vonage

$6.94

0.025 (0.36%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 30

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  • 08

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    Jun

SITO

SITO Mobile

$4.16

-0.05 (-1.19%)

10:06
05/25/17
05/25
10:06
05/25/17
10:06
Downgrade
SITO Mobile rating change  »

SITO Mobile downgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
Barclays

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ESE

ESCO Technologies

$57.65

-0.2 (-0.35%)

10:02
05/25/17
05/25
10:02
05/25/17
10:02
Hot Stocks
ESCO Technologies acquires assets of Morgan Schaffer, terms not disclosed »

ESCO Technologies…

03/08/13
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03/06/13
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  • 01

    Jun

ALXN

Alexion

$101.08

-3.56 (-3.40%)

10:00
05/25/17
05/25
10:00
05/25/17
10:00
Upgrade
Alexion rating change  »

Alexion upgraded to…

03/08/13
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03/08/13
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  • 23

    Oct

XLNX

Xilinx

$64.44

0.47 (0.73%)

10:00
05/25/17
05/25
10:00
05/25/17
10:00
Options
Bullish option play in Xilinx as shares advance »

Bullish option play in…

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  • 01

    Jun

09:56
05/25/17
05/25
09:56
05/25/17
09:56
Conference/Events
Jefferies financial/banks analysts hold an analyst/industry conference call »

Analysts discuss trust…

09:55
05/25/17
05/25
09:55
05/25/17
09:55
General news
Bloomberg Consumer Comfort Index Level data reported »

Week of 5/21 Bloomberg…

BBD

Banco Bradesco

$8.46

0.025 (0.30%)

09:55
05/25/17
05/25
09:55
05/25/17
09:55
Options
Banco Bradesco put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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BBY

Best Buy

$56.94

6.52 (12.93%)

, PVH

PVH Corp.

$106.53

4.49 (4.40%)

09:55
05/25/17
05/25
09:55
05/25/17
09:55
Options
Early notable gainers among liquid option names on May 25th »

Notable gainers among…

BBY

Best Buy

$56.94

6.52 (12.93%)

PVH

PVH Corp.

$106.53

4.49 (4.40%)

CSRA

CSRA

$30.51

0.87 (2.94%)

ADS

Alliance Data

$247.05

9.335 (3.93%)

NFLX

Netflix

$157.75

-0.2 (-0.13%)

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

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  • 05

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  • 13

    Jun

09:55
05/25/17
05/25
09:55
05/25/17
09:55
General news
Fed policy outlook: Fed funds futures are little changed to slightly firmer »

Fed policy outlook: Fed…

WOW

WideOpenWest

09:54
05/25/17
05/25
09:54
05/25/17
09:54
Syndicate
Breaking Syndicate news story on WideOpenWest »

WideOpenWest opens for…

03/08/13
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  • 25

    May

NFLX

Netflix

$157.75

-0.2 (-0.13%)

09:54
05/25/17
05/25
09:54
05/25/17
09:54
Conference/Events
William Blair Internet/Media analyst holds an analyst/industry conference call »

Media/Internet Analyst…

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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  • 01

    Jun

  • 05

    Jun

PM

Philip Morris

$118.01

0.58 (0.49%)

09:52
05/25/17
05/25
09:52
05/25/17
09:52
Hot Stocks
FDA begins scientific review of Philip Morris MRTP application for EHTP »

On May 24, the US FDA…

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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TGI

Triumph Group

$32.50

0.85 (2.69%)

09:50
05/25/17
05/25
09:50
05/25/17
09:50
Downgrade
Triumph Group rating change  »

Triumph Group downgraded…

03/08/13
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03/06/13
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