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BAC

Bank of America

$24.62

0.27 (1.11%)

, T

AT&T

$36.21

-0.62 (-1.68%)

08:55
07/14/17
07/14
08:55
07/14/17
08:55

Notable open interest changes for July 14th

Thursday's total option volume of 14.4 million contracts resulted in net open interest growth of 2.20 million calls and 2.43 million puts. Bank of America (BAC), AT&T (T), Apple (AAPL) and Citi (C) saw the greatest growth. Top five new positions opened include 41k Bank of America (BAC) 7/14 weekly 25 calls, 21k General Electric (GE) Aug-17 28 calls, 21k AT&T (T) Aug-17 34 puts, 17k AT&T (T) Jan-19 40 calls and 17k Blackstone (BX) Jan-18 31 calls.

BAC

Bank of America

$24.62

0.27 (1.11%)

T

AT&T

$36.21

-0.62 (-1.68%)

AAPL

Apple

$147.77

2.03 (1.39%)

C

Citi

$67.02

0.1 (0.15%)

  • 14

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    Jul

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    Aug

BAC Bank of America
$24.62

0.27 (1.11%)

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.
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.
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).
07/11/17
BARD
07/11/17
NO CHANGE
BARD
Big bank set-up not great, would sell into extended rally, says Baird
Baird analyst David George does not see a great set-up for money-center banks heading into Q2 earnings. He said the trade looks crowded and he would be a seller into an extended rally. George said the risk/reward is less attractive following the sector's most recent rally as economic growth remains muted and the pace of NIM expansion may slow. George believes the biggest potential catalyst would be a gradual steepening of the yield curve and pick-up on loan growth.
T AT&T
$36.21

-0.62 (-1.68%)

06/22/17
JPMS
06/22/17
NO CHANGE
JPMS
Neutral
Synchronoss comments on carriers should help ease concerns, says JPMorgan
JPMorgan analyst Sterling Auty said that comments made by Synchronoss (SNCR) in a presentation to its lenders regarding AT&T (T) and Verizon (VZ) continuing to be cloud customers should help ease some of the concern investors have had around the company's cloud business. Auty keeps a Neutral rating on Synchronoss shares.
07/13/17
07/13/17
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. Seagate (STX) downgraded to Underweight from Equal Weight at Barclays with analyst Mark Moskowitz saying he believes upside potential from current levels is limited. 2. AT&T (T) downgraded to Neutral from Buy at BofA/Merrill with analyst David Barden citing reduced visibility into catalysts such as corporate tax reform and potential headwinds from the Time Warner (TWX) merger. 3. Legg Mason (LM) downgraded to Neutral from Buy at Citi with analyst William Katz citing valuation with the shares up 31% year-to-date. 4. Dana Holding (DAN) downgraded to Negative from Neutral at Susquehanna. 5. Calgon Carbon (CCC) downgraded to Neutral from Buy at Janney Capital with the firm citing the amendment to the ballast water convention approved by the International Maritime Organization, that delays the implementation schedule by two years. Given the lowered estimates, the firm cut its fair value estimate on the stock to $16 from $18. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/13/17
BOFA
07/13/17
DOWNGRADE
Target $39
BOFA
Neutral
AT&T downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst David Barden downgraded AT&T (T) to Neutral from Buy and cut its price target to $39 from $46 on reduced visibility into catalysts such as corporate tax reform and potential headwinds from the Time Warner (TWX) merger. Barden expects the associated overhang of $40B in new equity issuance and the tightening of the deal spread will increasingly pressure AT&T's stock. Additionally, the analyst trimmed Q2 estimates due to a seasonally difficult quarter saying video, voice, and broadband metrics are expected to be challenging and AT&T is losing share in each category.
06/26/17
CHLM
06/26/17
NO CHANGE
Target $5
CHLM
Buy
AT&T portal ramping earlier than expected for Synacor, says Craig-Hallum
Craig-Hallum analyst George Sutton said Synacor's (SYNC) launch of the AT&T.net (T) portal has ramped up a bit earlier than he'd anticipated and noted that its website metrics suggest it is being well received by users. Sutton, who thinks success from this initiative should lead to a significant acceleration in the third quarter, keeps a Buy rating and $5 price target on Synacor shares.
AAPL Apple
$147.77

2.03 (1.39%)

07/13/17
BERN
07/13/17
NO CHANGE
BERN
PayPal deal lowers comeptitive threat, says Bernstein
After PayPal (PYPL) announced a partnership deal with Apple (AAPL), Bernstein analyst Lisa Ellis says that the deal lowers the "wildcard" threat of competition for PayPal. The analyst adds that the deal could enable PayPal to access iPhones through NFC in the future or make a broader partnership deal with Apple Pay. Ellis keeps a $61 price target and an Outperform rating on PayPal.
07/13/17
MONN
07/13/17
NO CHANGE
MONN
PayPal price target raised to $70 from $54 at Monness Crespi
After conducting checks, Monness Crespi analyst James Cakmak raised his price target on PayPal (PYPL) . He says that the market is failing to appreciate the boost to PayPal's margins that its Pay with Venmo product will bring. The analyst also expects PayPal to make an international deal with Alphabet's (GOOG,GOOGL) Android and he thinks that its newly announced deal with Apple (AAPL) "diminishes competitive risks." Cakmak adds that the company can benefit meaningfully from a partnership with Facebook (FB), The analyst keeps a Buy rating on PayPal.
07/12/17
BOFA
07/12/17
NO CHANGE
Target $180
BOFA
Buy
Apple near-term estimates lowered on expected iPhone 8 delays at BofA/Merrill
BofA Merrill Lynch analyst Wamsi Mohan said the firm's supply chain checks suggest that the high-end OLED iPhone 8 will likely ship three to four weeks after the LCD models of the new device and that fingerprint and 3D sensors are also potential causes for delay. Given all of this, he is expecting a delayed launch for the iPhone 8 and cut his September quarter shipment estimate by about 11M units and lowered his December quarter iPhone estimates by 6M units. However, he keeps a Buy rating and $180 price target on Apple shares.
07/12/17
JPMS
07/12/17
NO CHANGE
JPMS
Overweight
Apple adding PayPal as payment option is significant, says JPMorgan
JPMorgan analyst Tien-tsin Huang says Apple (AAPL) adding PayPal (PYPL) as a payment option, as announced last night by PayPal COO Bill Ready in a blog post, is significant as it provides "yet another example of a payment foe," in this case Apple Pay, choosing to work with PayPal as a payment partner. The analyst admits that it is difficult to size the deal. He has an Overweight rating on PayPal. The stock in premarket trading is up 63c to $55.39.
C Citi
$67.02

0.1 (0.15%)

07/11/17
HSBC
07/11/17
INITIATION
Target $71
HSBC
Hold
Citi initiated with a Hold at HSBC
HSBC analyst Alevizos Alevizakos initiated Citi with a Hold and a $71 price target saying higher profitability and buybacks appear reflected in valuation.
07/11/17
07/11/17
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. Blue Apron (APRN) initiated with a Sell rating and $2.00 price target at Northcoast. 2. Cheesecake Factory (CAKE) initiated with an Outperform at Wedbush. 3. Graphic Packaging (GPK) initiated with a Buy at DA Davidson. 4. Masimo (MASI) initiated with a Buy at Stifel. 5. Citi (C) initiated with a Hold at HSBC. 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
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.

TODAY'S FREE FLY STORIES

JPM

JPMorgan

$91.55

-0.38 (-0.41%)

07:00
07/28/17
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Hot Stocks
JPMorgan says to be 100% reliant on renewable energy by 2020 »

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HRC

Hill-Rom

$79.70

-2.88 (-3.49%)

07:00
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Earnings
Hill-Rom reports Q3 adj. EPS 91c, consensus 91c »

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CFX

Colfax

$40.83

-0.12 (-0.29%)

07:00
07/28/17
07/28
07:00
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07:00
Earnings
Colfax raises FY17 adjusted EPS view to $1.65-$1.75 from $1.60-$1.75 

Consensus $1.73.

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CFX

Colfax

$40.83

-0.12 (-0.29%)

07:00
07/28/17
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Earnings
Colfax reports Q2 adjusted EPS 43c, consensus 43c »

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DVAX

Dynavax

$9.25

-1.15 (-11.06%)

07:00
07/28/17
07/28
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07:00
Hot Stocks
Breaking Hot Stocks news story on Dynavax »

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EA

Electronic Arts

$117.60

-0.4 (-0.34%)

07:00
07/28/17
07/28
07:00
07/28/17
07:00
Recommendations
Electronic Arts analyst commentary  »

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UFS

Domtar

$38.49

0.06 (0.16%)

06:59
07/28/17
07/28
06:59
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06:59
Earnings
Domtar reports Q2 EPS 61c, consensus 55c »

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FCAU

Fiat Chrysler

$11.83

-0.07 (-0.59%)

06:59
07/28/17
07/28
06:59
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06:59
Periodicals
Fiat Chrysler's Maserati to launch electric model after 2019, WSJ reports »

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VLP

Valero Energy Partners

$45.16

-0.57 (-1.25%)

06:57
07/28/17
07/28
06:57
07/28/17
06:57
Earnings
Valero Energy Partners reports Q2 EPS 69c, consensus 75c »

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  • 28

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ZBH

Zimmer Biomet

$125.44

-3.26 (-2.53%)

06:56
07/28/17
07/28
06:56
07/28/17
06:56
Downgrade
Zimmer Biomet rating change  »

Zimmer Biomet downgraded…

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  • 10

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JCI

Johnson Controls

$40.14

-3.18 (-7.34%)

06:56
07/28/17
07/28
06:56
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06:56
Downgrade
Johnson Controls rating change  »

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X

U.S. Steel

$25.00

-1.2 (-4.58%)

06:56
07/28/17
07/28
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06:56
Downgrade
U.S. Steel rating change  »

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MRK

Merck

$63.69

1.89 (3.06%)

06:53
07/28/17
07/28
06:53
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06:53
Hot Stocks
Breaking Hot Stocks news story on Merck »

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VC

Visteon

$111.53

1.56 (1.42%)

06:53
07/28/17
07/28
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06:53
Downgrade
Visteon rating change  »

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QEP

QEP Resources

$7.93

-1.34 (-14.46%)

06:53
07/28/17
07/28
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Downgrade
QEP Resources rating change  »

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MRK

Merck

$63.69

1.89 (3.06%)

06:52
07/28/17
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Hot Stocks
Merck CEO Q2 results driven by 'robust momentum for KEYTRUDA' »

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PLT

Plantronics

$53.65

0.15 (0.28%)

06:51
07/28/17
07/28
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06:51
Downgrade
Plantronics rating change  »

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  • 28

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VLKAY

Volkswagen

$31.69

-0.66 (-2.04%)

06:51
07/28/17
07/28
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06:51
Periodicals
California approves Volkswagen's clean vehicle infrastructure plan, Reuters says »

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NSH

NuStar GP Holdings

$23.55

0.05 (0.21%)

06:51
07/28/17
07/28
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Earnings
Breaking Earnings news story on NuStar GP Holdings »

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MRK

Merck

$63.69

1.89 (3.06%)

06:51
07/28/17
07/28
06:51
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06:51
Hot Stocks
Breaking Hot Stocks news story on Merck »

Merck sees FY17 adjusted…

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VFC

VF Corp.

$60.81

-0.06 (-0.10%)

06:50
07/28/17
07/28
06:50
07/28/17
06:50
Upgrade
VF Corp. rating change  »

VF Corp. upgraded to…

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MRK

Merck

$63.69

1.89 (3.06%)

06:50
07/28/17
07/28
06:50
07/28/17
06:50
Hot Stocks
Breaking Hot Stocks news story on Merck »

Merck sees FY17 adjusted…

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SAM

Boston Beer

$135.65

1.7 (1.27%)

06:50
07/28/17
07/28
06:50
07/28/17
06:50
Technical Analysis
Technical View: Boston Beer spikes higher after earnings beat and outlook »

The company reported…

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ALGN

Align Technology

$157.26

-1.43 (-0.90%)

06:49
07/28/17
07/28
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06:49
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Align Technology rating change  »

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  • 21

    Aug

MRK

Merck

$63.69

1.89 (3.06%)

06:49
07/28/17
07/28
06:49
07/28/17
06:49
Hot Stocks
Merck says magnitude of impact of June cyber-attack unknown »

On June 27, 2017, the…

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