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PYPL

PayPal

$53.40

-0.99 (-1.82%)

, JPM

JPMorgan

$86.66

-0.3001 (-0.35%)

12:55
06/12/17
06/12
12:55
06/12/17
12:55

In potential challenge to Venmo, banks launch payments solution Zelle

Peer-to-peer payments solution Zelle began rolling out Monday, potentially bringing new competition against PayPal's (PYPL) Venmo platform. Zelle comes from the bank-owned joint venture Early Warning Services, whose owners include JPMorgan (JPM), Wells Fargo (WFC), and Bank of America (BAC). Other Zelle participants include Citi (C), U.S. Bancorp (USB), Morgan Stanley (MS), Capital One (COF), Ally Financial (ALLY), BB&T (BBT), Fifth Third (FITB), KeyCorp (KEY) and SunTrust (STI). "Changing the way money moves, Zelle allows for funds to be sent from one bank account to another in minutes, using only a recipient's email address or mobile number. 'Send Money with Zelle' is conveniently available within the mobile banking apps of Zelle Network participants -- a network which includes banks and credit unions of all sizes. With no additional app to download, Zelle will make digital payments a fast, safe and easy alternative to checks and cash," the company explained. PRICE ACTION: Shares of PayPal are down 2.75% in afternoon trading. Reference Link

PYPL

PayPal

$53.40

-0.99 (-1.82%)

JPM

JPMorgan

$86.66

-0.3001 (-0.35%)

COF

Capital One

$80.20

0.13 (0.16%)

WFC

Wells Fargo

$54.11

0.305 (0.57%)

BAC

Bank of America

$23.64

-0.03 (-0.13%)

C

Citi

$64.38

-0.07 (-0.11%)

USB

U.S. Bancorp

$52.80

-0.095 (-0.18%)

MS

Morgan Stanley

$44.63

-0.2825 (-0.63%)

ALLY

Ally Financial

$19.85

0.155 (0.79%)

BBT

BB&T

$43.86

-0.25 (-0.57%)

FITB

Fifth Third

$25.06

0.73 (3.00%)

KEY

KeyCorp

$18.54

-0.08 (-0.43%)

STI

SunTrust

$55.99

-0.56 (-0.99%)

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PYPL PayPal
$53.40

-0.99 (-1.82%)

05/25/17
05/25/17
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. PayPal (PYPL) downgraded to Hold on valuation at Stifel with analyst Scott Devitt saying shares have reached his price target of $51 but said the company remains well positioned for long-term growth. 2. Etsy (ETSY) downgraded to Neutral from Buy at Citi with analyst Mark Kelley saying that while the stock has run on the company's review of alternatives, a takeover is not imminent. The stock could be worth $21-$22 if Etsy is acquired, but $7 if the company remains a stand-alone with little to no improvement in operational performance, Kelley tells investors in a research note. He tells investors to hold the stock if already involved and raised his price target for the shares to $14 from $13. 3. Fang Holdings (SFUN) downgraded to Neutral from Buy at UBS with the firm citing valuation and saying the eCommerce services and primary housing advertising still faces market risks and execution uncertainty. 4. Maximus (MMS) downgraded to Sector Weight from Overweight at KeyBanc with analyst Jason Gurda citing valuation and the current "pause" in federal procurement activity that could be longer and deeper than expected. 5. Hortonworks (HDP) downgraded to Neutral from Buy at Mizuho with analyst Abby Lamba citing the recent strength in shares and raised its price target to $14. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/23/17
BERN
05/23/17
NO CHANGE
BERN
PayPal facing challenges, says Bernstein
After Bernstein conducted checks, analyst Lisa Ellis says that alternative wallets are gaining share at PayPal's expense, although PayPal's rate of new adoptions remains above 60%. The analyst adds that the trend of keeping credit cards on file on retailers' sites is also becoming a challenge for PayPal. Ellis keeps a Market Perform rating on the stock. .
05/25/17
STFL
05/25/17
DOWNGRADE
Target $51
STFL
Hold
PayPal downgraded to Hold on valuation at Stifel
Stifel analyst Scott Devitt downgraded PayPal to Hold from Buy saying shares have reached his price target of $51 but said the company remains well positioned for long-term growth.
06/02/17
BARD
06/02/17
NO CHANGE
Target $59
BARD
Outperform
PayPal price target raised to $59 from $54 at Baird
Baird analyst Colin Sebastian raised his price target on PayPal to $59 from $54 following his customer survey, which supports a more favorable funding mix outlook. The analyst said the funding mix impact of customer's choice initiative suggests user migration toward card-backed transactions is less significant than feared. Sebastian reiterated his Outperform rating on PayPal shares.
JPM JPMorgan
$86.66

-0.3001 (-0.35%)

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.
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
GUGG
04/25/17
UPGRADE
GUGG
Buy
JPMorgan upgraded to Buy from Neutral at Guggenheim
06/09/17
RBCM
06/09/17
NO CHANGE
RBCM
House financial reform bill unlikely to advance in Senate, says RBC Capital
RBC Capital analyst Gerard Cassidy says that the financial regulation reform bill passed yesterday by the House would help the banking sector but probably won;t be passed by the Senate. Large publicly traded banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
COF Capital One
$80.20

0.13 (0.16%)

05/01/17
DBAB
05/01/17
DOWNGRADE
Target $71
DBAB
Hold
Discover downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst David Ho downgraded Discover Financial Services (DFS) and cut his price target for the shares to $71 from $87. The analyst sees "less potent" near-term offsets to weakening credit trends. Ho this morning also upgraded Capital One (COF) to Buy and lowered his price target for Hold-rated Synchrony Financial (SYF) to $35 from $47.
05/19/17
WELS
05/19/17
NO CHANGE
WELS
Credit card sector lowered to Market Weight from Overweight at Wells Fargo
Wells Fargo cut its rating on the credit card sector to Market Weight from Overweight. The firm noted that the sector's net chargeoffs increased to 3.6% last quarter, representing a four year high. The firm is also worried about slowing receivables growth and increased competition in the space. Despite the downgrade, it continues to recommend Discover (DFS) and Synchrony (SYF). It lowered its price target on Discover to $70 from $80 and cut its price target on Synchrony to $30 from $35. It keeps Market Perform ratings on American Express (AXP) and Capital One (COF).
05/19/17
WELS
05/19/17
NO CHANGE
WELS
Wells downgrades Credit Card sector on credit concerns
Wells Fargo analyst Jason Harbes downgraded his rating on the Credit Card space to Market Weight from Overweight after attending Card Forum 2017 in Austin, Texas. The analyst keeps Overweight ratings on Synchrony (SYF) and Discover (DFS) and Market Perform ratings on American Express (AXP) and Capital One (COF). Credit trends have recently deteriorated primarily due to weaker underwriting, Harbes tells investors in a research note. The analyst is also concerned about slowing receivables growth following an extended period of acceleration from 2012-2016. He lowered his price target for Synchrony to $30 from $35, for Discover to $70 from $80 and for Capital One to $85 from $88. The analyst keeps an $80 target on American Express.
05/01/17
DBAB
05/01/17
UPGRADE
Target $98
DBAB
Buy
Capital One upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst David Ho upgraded Capital One to Buy saying loss curves for the bulk of the company's recent card vintage growth should continue to improve. The analyst keeps a $98 price target for the shares.
WFC Wells Fargo
$54.11

0.305 (0.57%)

05/12/17
BARD
05/12/17
NO CHANGE
Target $58
BARD
Outperform
Wells Fargo slowly turning the corner, says Baird
Baird analyst David George noted Wells Fargo updated its 2017 guidance at its analyst day and reset expectations. He believes the estimates are conservative and continues to like the longer-term risk/reward for Wells Fargo shares. Coupled with its discounted valuation, the downside should be limited, added George, who reiterated his Outperform rating and $58 price target on Wells Fargo.
05/25/17
BERN
05/25/17
NO CHANGE
BERN
Wells Fargo valuation can increase over time, says Bernstein
Bernstein analyst John McDonald says that Wells Fargo's "underlying business remains attractive," citing its "industry leading deposit base,diverse portfolio of fee businesses, large branch network" that could be optimized, and its $300B at the Fed that could be deployed as interest rates increase. The analyst says that the company is looking to cut $4B in costs and should benefit from higher rates. He thinks that its valuation can "rise over time."
BAC Bank of America
$23.64

-0.03 (-0.13%)

04/24/17
04/24/17
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. Disney (DIS) downgraded to Hold from Buy at Loop Capital with analyst David Miller citing valuation following the stock hitting a 52-week high on Friday. The strength in the stock over the last nine months has appropriately priced in the company's growth rate, said Miller, who maintains a $118 price target on Disney shares. 2. Groupon (GRPN) downgraded to Underweight on lackluster ad spend at Morgan Stanley with analyst Brian Nowak saying its recent local advertiser survey indicate lackluster forward advertiser spending and believes Groupon will need to spend more in order to grow North America Local Billings, which the Street seems to be underestimating. 3. Grainger (GWW) downgraded to Market Perform from Outperform at William Blair with analyst Ryan Merkel citing a lack of confidence in the company's repricing strategy. 4. Bank of America (BAC) downgraded to Hold from Buy at Berenberg with analyst James Chappell saying it is time to take profits. Interest rates unlikely to rise as much as has been priced into bank equity valuations, Chappell tells investors in a research note. Further, regulation and tax reform are likely to take longer than expected and not be as beneficial for the banks as many might have hoped, the analyst adds. He upped his price target for Bank of America shares to $22 from $15. 5. DuPont Fabros (DFT) downgraded to Hold from Buy at Stifel with analyst Matthew Heinz saying shares are fully valued and demand patterns have shifted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/19/17
RBCM
04/19/17
NO CHANGE
RBCM
Bank of America reported 'knockout' results, says RBC Capital
RBC Capital analyst Gerard Cassidy says that Bank of America reported "knockout" Q1 results that were better than the other three "Big Four" banks. The analyst says that the company has momentum heading into the rest of the year. He keeps a $26 price target and an Outperform rating on the shares.
04/24/17
BREN
04/24/17
DOWNGRADE
Target $22
BREN
Hold
Bank of America downgraded to Hold from Buy at Berenberg
Berenberg analyst James Chappell downgraded Bank of America to Hold saying it is time to take profits. Interest rates unlikely to rise as much as has been priced into bank equity valuations, Chappell tells investors in a research note. Further, regulation and tax reform are likely to take longer than expected and not be as beneficial for the banks as many might have hoped, the analyst adds. He upped his price target for Bank of America shares to $22 from $15.
C Citi
$64.38

-0.07 (-0.11%)

06/09/17
06/09/17
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. Zynga (ZNGA) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Brian Nowak saying the company's in-game innovation, starting with Poker, is resulting in higher engagement and monetization. 2. Citi (C) upgraded to Neutral from Sell at UBS with analyst Saul Martinez saying he sees an improved risk/reward at current share levels. Global growth "looks resilient," protectionist policies have not emerged, and the path forward for structural reforms in the U.S. "is not as clear." 3. Comerica (CMA) upgraded to Outperform from Market Perform at FBR Capital. 4. Camping World (CWH) upgraded to Buy from Neutral at Goldman Sachs with analyst David Tamberrino saying he expects growth to continue despite late-cycle concerns. 5. Humana (HUM) upgraded to Buy from Hold at Argus with analyst David Toung saying he is upbeat about its growth outlook following the termination of its merger deal with Aetna (AET). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/13/17
NOMU
04/13/17
NO CHANGE
NOMU
'Many think Wells Fargo EPS came in below expectations, says Nomura Instinet
Nomura Instinet analyst Bill Carcache says that "many investors" believe that Wells Fargo's Q1 EPS came in below expectations, given the 3c per share in reserve releases and the 7c per share profit it realized on "market-sensitive revenues" it reported. The analyst says that the "Results were characterized by softer- than-expected top-line growth, higher expenses, and lower provision." He notes that Wells Fargo, like JPMorgan (JPM) and Citi (C), reported slower loan growth. However, he keeps a Buy rating on Wells Fargo.
06/09/17
UBSW
06/09/17
UPGRADE
Target $64
UBSW
Neutral
Citi upgraded to Neutral from Sell at UBS
Citi analyst Saul Martinez upgraded Citi to Neutral and raised his price target for the shares to $64 from $58. The analyst sees an improved risk/reward at current share levels. Global growth "looks resilient," protectionist policies have not emerged, and the path forward for structural reforms in the U.S. "is not as clear," Martinez tells investors in a research note. He views Citi as an attractive capital return story.
USB U.S. Bancorp
$52.80

-0.095 (-0.18%)

04/20/17
RAFF
04/20/17
DOWNGRADE
RAFF
Hold
U.S. Bancorp downgraded to Hold from Buy at Rafferty Capital
05/04/17
WELS
05/04/17
DOWNGRADE
WELS
Market Perform
U.S. Bancorp downgraded to Market Perform from Outperform at Wells Fargo
05/05/17
WELS
05/05/17
DOWNGRADE
WELS
Market Perform
U.S. Bancorp downgraded on valuation, weaker potential at Wells Fargo
As noted earlier, Wells Fargo downgraded U.s. Bancorp to Market Perform from Outperform. The firm downgraded the stock based on valuation, its belief that the bank's new premium credit card could lower its EPS by 3% in 2017-2018, its belief that the bank's capital returns will be at the lower end of its peers, and its belief that the bank has "above average exposure to retailers."
MS Morgan Stanley
$44.63

-0.2825 (-0.63%)

06/02/17
NOMU
06/02/17
NO CHANGE
NOMU
Goldman Sachs, Morgan Stanley Q2 EPS estimates lowered at Nomura Instinet
Nomura Instinet analyst Steven Chubak cut his Q2 EPS estimate for Goldman Sachs (GS) to $3.50 from $4.04 and lowered his Q2 EPS estimate for Morgan Stanley (MS) to 77c from 86c. The consensus EPS estimates for Goldman and Morgan Stanley are $3.92 and 84c, respectively. Chubak says that Goldman has been hurt by "weaker trading and more pronounced (investment banking) declines," while Morgan Stanley is experiencing "softer" investment banking results and "more pronounced quarter-over-quarter" fixed income declines. He keeps a Neutral rating on Goldman and a Buy rating on Morgan stanley.
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).
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).
ALLY Ally Financial
$19.85

0.155 (0.79%)

03/27/17
JANY
03/27/17
INITIATION
Target $23
JANY
Neutral
Ally Financial initiated with a Neutral at Janney Capital
Janney Capital analyst John Rowan started Ally Financial with a Neutral rating and $23 fair value estimate.
02/28/17
SDLR
02/28/17
DOWNGRADE
SDLR
Hold
Ally Financial downgraded to Hold from Buy at Sandler O'Neill
03/27/17
03/27/17
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. Snap (SNAP) was initiated with an Outperform at William Blair, Cowen, RBC Capital, Credit Suisse, and JMP Securities, with a Perform at Oppenheimer, an Overweight at Morgan Stanley, a Buy at Jefferies, Citi, and Goldman, while being initiated with a Hold at Stifel, a Neutral at UBS, BofA/Merrill, and JPMorgan. 2. Starbucks (SBUX) initiated with an Outperform at Telsey Advisory. 3. Hamilton Lane (HLNE) initiated with an Overweight at Morgan Stanley and JPMorgan, a Market Perform at Wells Fargo and Keefe Bruyette, while Goldman intiated the stock with a Neutral. 4. MAA (MAA) initiated with an Overweight at Barclays. 5. Ally Financial (ALLY) initiated with a Neutral at Janney Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/09/17
PIPR
06/09/17
INITIATION
Target $25
PIPR
Overweight
Ally Financial initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Kevin Barker started Ally Financial with an Overweight rating and $25 price target. The analyst views the stock's risk/reward as one of the best within financials. The analyst sees a four-to-one upside/downside scenario for patient investors willing to wait for a slightly more favorable environment.
BBT BB&T
$43.86

-0.25 (-0.57%)

01/23/17
HDLY
01/23/17
UPGRADE
HDLY
Buy
BB&T upgraded to Buy from Neutral at Hilliard Lyons
01/11/17
UBSW
01/11/17
INITIATION
Target $49
UBSW
Neutral
BB&T initiated with a Neutral at UBS
UBS analyst Saul Martinez started BB&T with a Neutral rating and $49 price target.
03/06/17
HDLY
03/06/17
DOWNGRADE
HDLY
Neutral
BB&T downgraded to Neutral from Buy at Hilliard Lyons
Hilliard Lyons analyst Andrew Stapp downgraded BB&T with a $51 price target due to valuation. The analyst now expects FED hikes in 2017 to be earlier than perceived and is now modeling rate hikes in March and September versus June and December previously.
04/24/17
HDLY
04/24/17
UPGRADE
HDLY
Long-Term Buy
BB&T upgraded to Long-Term Buy from Neutral at Hilliard Lyons
FITB Fifth Third
$25.06

0.73 (3.00%)

06/05/17
MSCO
06/05/17
NO CHANGE
MSCO
Midcap Bank sector upgraded to In-Line at Morgan Stanley
Morgan Stanley analyst Ken Zerbe upgraded the Midcap Bank sector to In-Line from Cautious citing the group's underperformance year-to-date and better earnings from lower deposit betas. The firm's top picks are SVB Financial (SIVB), Signature Bank (SBNY), KeyBanc (KEY), and Citizens Financial (CFG). Note the analyst upgraded People's United (PBCT) and Prosperity Bancshares (PB) to Equal Weight citing valuations.
03/29/17
COMP
03/29/17
UPGRADE
Target $29
COMP
Buy
Fifth Third upgraded to Buy on valuation at Compass Point
As previously reported Compass Point upgraded Fifth Third to Buy from Neutral and raised its price target to $29 from $28. Analyst Scott Valentin said shares are trading at a discount to the historical range and lifted his capital range assumptions and increased his buyback estimates.
06/05/17
06/05/17
UPGRADE
Target $24

Neutral
Fifth Third upgraded to Neutral from Underperform at Baird
As previously reported, Baird analyst David George upgraded Fifth Third to Neutral from Underperform citing valuation. Industry trends and management updates have lowered expectations for Q2 results, noted George, who maintained his $24 price target on Fifth Third shares.
03/29/17
COMP
03/29/17
UPGRADE
COMP
Buy
Fifth Third upgraded to Buy from Neutral at Compass Point
KEY KeyCorp
$18.54

-0.08 (-0.43%)

04/24/17
04/24/17
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. Stanley Black & Decker (SWK) upgraded to Overweight from Neutral at JPMorgan with analyst Michael Rehaut saying the company's "solid" organic growth provides room for additional share upside. The analyst raised his price target for the shares to $152 from $140 following Stanley's first quarter results. 2. KeyCorp (KEY) upgraded to Overweight from Neutral at Piper Jaffray with analyst Kevin Barker saying momentum is building following the company's "solid beat" this quarter and "very optimistic" guidance regarding loan growth and credit performance. The analyst raised his price target for the shares to $21 from $19. 3. Sonic (SONC) upgraded to Overweight from Equal Weight at Stephens with analyst Will Slabaugh saying he believes it now presents an attractive buying opportunity on what he sees as a same-store sales inflection point in the third quarter, with comps likely turning positive intra-quarter, an underlying valuation that is over 20% below peers with a similar franchise percentage, and lowered expectations from recent sales softness providing for a favorable risk/ reward. The analyst also raised his price target on the shares to $32 from $26. 4. Travelers (TRV) upgraded to Buy from Hold at Argus with analyst Jacob Kilstein telling investors he expects underwriting margins to expand further following three straight quarters of expansion as the company raises prices on auto insurance and expands its data analytics and digital initiatives. Kilstein also expects Travelers to generate higher return on capital, noting its recent 7% dividend hike and additional $5B buyback, and views valuation as attractive following the pullback. 5. Wingstop (WING) upgraded to Overweight from Equal Weight at Stephens with analyst Will Slabaugh upgraded Wingstop (WING) to Overweight from Equal Weight, with a $32 price target, as he believes it presents an attractive, multi-year opportunity for likely reaccelerating same-store sales growth that should widen its gap to the industry while benefiting from national advertising, and a likely one time dividend in the next 12-18 months that could yield a double-digit return. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/21/17
WEDB
04/21/17
NO CHANGE
WEDB
KeyCorp 'firing on all cylinders,' says Wedbush
After KeyCorp reported stronger than expected Q1 results, Wedbush analyst Peter Winter says that the company "is firing on all cylinders." The analyst believes that the company has a great deal of momentum and keeps an Outperform rating on the shares.
04/24/17
PIPR
04/24/17
UPGRADE
Target $21
PIPR
Overweight
KeyCorp upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Kevin Barker upgraded KeyCorp to Overweight saying momentum is building following the company's "solid beat" this quarter and "very optimistic" guidance regarding loan growth and credit performance. The analyst raised his price target for the shares to $21 from $19.
STI SunTrust
$55.99

-0.56 (-0.99%)

05/01/17
WEDB
05/01/17
UPGRADE
WEDB
Outperform
SunTrust upgraded on multiple positive catalysts at Wedbush
As noted earlier, Wedbush upgraded SunTrust to Outperform from Neutral. Analyst Peter Winter says that SunTrust's investments have given it more cross-selling opportunities vis-a-vis its borrowers while increasing the leverage of its investment bank. Additionally, the analyst says that the business outlook of its borrowers is strong, while its cash efficiency ratio is improving. Target to $63 from $60.
05/01/17
WEDB
05/01/17
UPGRADE
WEDB
Outperform
SunTrust upgraded to Outperform from Neutral at Wedbush
06/05/17
06/05/17
UPGRADE
Target $52

Neutral
SunTrust upgraded to Neutral at Baird
As previously reported, Baird analyst David George upgraded SunTrust to Neutral from Underperform citing valuation. Industry trends and management updates have lowered expectations for Q2 results, said George, who maintained his $52 price target on SunTrust shares.
06/05/17
BARD
06/05/17
UPGRADE
BARD
Neutral
SunTrust upgraded to Neutral from Underperform at Baird

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$1.98

0.06 (3.13%)

17:27
08/18/17
08/18
17:27
08/18/17
17:27
Hot Stocks
Windstream CEO acquires 25,381 common shares »

In a regulatory filing,…

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CVM

CEL-SCI

$2.44

-0.22 (-8.27%)

17:27
08/18/17
08/18
17:27
08/18/17
17:27
Syndicate
Breaking Syndicate news story on CEL-SCI »

CEL-SCI files to sell…

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TRN

Trinity Industries

$28.20

-0.03 (-0.11%)

17:25
08/18/17
08/18
17:25
08/18/17
17:25
Hot Stocks
ValueAct raises stake inTrinity Industries to 11% from 9.8% »

As of this date, ValueAct…

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LPTN

Lpath

17:11
08/18/17
08/18
17:11
08/18/17
17:11
Hot Stocks
Breaking Hot Stocks news story on Lpath »

Stonepine Capital reports…

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PGR

Progressive

$48.63

0.12 (0.25%)

17:08
08/18/17
08/18
17:08
08/18/17
17:08
Hot Stocks
Progressive CFO sells 50,000 common shares »

In a regulatory filing,…

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TMO

Thermo Fisher

$172.57

-0.32 (-0.19%)

17:06
08/18/17
08/18
17:06
08/18/17
17:06
Hot Stocks
Thermo Fisher director sells 11,318 shares »

In a regulatory filing,…

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  • 06

    Sep

SMBC

Southern Missouri Bancorp

$31.18

-0.05 (-0.16%)

17:06
08/18/17
08/18
17:06
08/18/17
17:06
Hot Stocks
Southern Missouri Bancorp and Southern Missouri Bancshares to merge »

Southern Missouri Bancorp…

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IEP

Icahn Enterprises

$50.00

-0.2 (-0.40%)

16:58
08/18/17
08/18
16:58
08/18/17
16:58
Hot Stocks
Breaking Hot Stocks news story on Icahn Enterprises »

Icahn says ended advisory…

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IEP

Icahn Enterprises

$50.00

-0.2 (-0.40%)

16:57
08/18/17
08/18
16:57
08/18/17
16:57
Hot Stocks
Breaking Hot Stocks news story on Icahn Enterprises »

Icahn says ending…

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IEP

Icahn Enterprises

$50.00

-0.2 (-0.40%)

16:57
08/18/17
08/18
16:57
08/18/17
16:57
Hot Stocks
Breaking Hot Stocks news story on Icahn Enterprises »

Icahn says never had…

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IEP

Icahn Enterprises

$50.00

-0.2 (-0.40%)

16:56
08/18/17
08/18
16:56
08/18/17
16:56
Hot Stocks
Icahn no longer special advisor to President Trump on regulatory reform issues »

Carl Icahn, founder of…

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NVTA

Invitae

$9.60

0.05 (0.52%)

16:55
08/18/17
08/18
16:55
08/18/17
16:55
Syndicate
Breaking Syndicate news story on Invitae »

Invitae files to sell…

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NVTA

Invitae

$9.60

0.05 (0.52%)

16:49
08/18/17
08/18
16:49
08/18/17
16:49
Syndicate
Breaking Syndicate news story on Invitae »

Invitae files to sell…

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MU

Micron

$30.38

0.76 (2.57%)

16:48
08/18/17
08/18
16:48
08/18/17
16:48
Hot Stocks
Micron director sells 25,000 common shares »

In a regulatory filing,…

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  • 29

    Aug

  • 06

    Sep

INSY

Insys Therapeutics

$9.17

-0.11 (-1.19%)

16:42
08/18/17
08/18
16:42
08/18/17
16:42
Hot Stocks
Insys agrees to pay $4.45M to settle opioid marketing suit »

Illinois Attorney General…

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AKTX

Akari Therapeutics

16:34
08/18/17
08/18
16:34
08/18/17
16:34
Syndicate
Breaking Syndicate news story on Akari Therapeutics »

Akari Therapeutics files…

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JMBA

Jamba

$9.11

-0.04 (-0.44%)

16:32
08/18/17
08/18
16:32
08/18/17
16:32
Hot Stocks
Jamba receives expected letter from Nasdaq »

Jamba, Inc. announced…

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HIL

Hill International

$4.50

0.2 (4.65%)

16:31
08/18/17
08/18
16:31
08/18/17
16:31
Hot Stocks
Hill International receives NYSE notice regarding late Form 10-Q filing »

Hill International…

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TGT

Target

$55.65

-0.47 (-0.84%)

16:30
08/18/17
08/18
16:30
08/18/17
16:30
Periodicals
Target ends relationship with food startup Hampton Creek, Bloomberg says »

After an internal review,…

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16:30
08/18/17
08/18
16:30
08/18/17
16:30
Options
Preliminary option volume of 23.2M today »

Preliminary option volume…

NBEV

New Age Beverages

$3.51

-0.49 (-12.25%)

16:29
08/18/17
08/18
16:29
08/18/17
16:29
Hot Stocks
New Age Beverages director sells nearly 42,000 common shares »

In a regulatory filing,…

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  • 28

    Sep

ATW

Atwood Oceanics

$6.26

0.22 (3.64%)

, ESV

Ensco

$4.28

0.12 (2.88%)

16:24
08/18/17
08/18
16:24
08/18/17
16:24
Hot Stocks
Atwood Oceanics, Ensco file proxy materials in connection with pending merger »

Ensco (ESV) and Atwood…

ATW

Atwood Oceanics

$6.26

0.22 (3.64%)

ESV

Ensco

$4.28

0.12 (2.88%)

03/08/13
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03/08/13
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03/06/13
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NSRGY

Nestle

$83.76

-0.1 (-0.12%)

16:23
08/18/17
08/18
16:23
08/18/17
16:23
Periodicals
Nestle faces potential fraud suit over Poland Spring marketing, WSJ says »

Nestle is facing a…

03/08/13
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