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C

Citi

$69.04

0.06 (0.09%)

, BCS

Barclays

$10.91

0.01 (0.09%)

06:19
08/08/17
08/08
06:19
08/08/17
06:19

Citi to pay $130M to settle Libor rigging lawsuit, Reuters reports

Citi (C) will pay $130M to resolve U.S. antitrust litigation alleging it collaborated with competitors to manipulate the Libor benchmark interest rate, Reuters reports. The bank, which did not admit to any wrongdoing, is the second to settle after Barclays' (BCS) agreed to pay $120M in 2015. Reference Link

C

Citi

$69.04

0.06 (0.09%)

BCS

Barclays

$10.91

0.01 (0.09%)

C Citi
$69.04

0.06 (0.09%)

07/31/17
BMOC
07/31/17
DOWNGRADE
BMOC
Market Perform
Citi downgraded to Market Perform from Outperform at BMO Capital
07/31/17
BMOC
07/31/17
UPGRADE
BMOC
Market Perform
Wells Fargo upgraded on valuation at BMO Capital
As noted earlier, BMO Capital upgraded Wells Fargo (WFC) to Market Perform from Underperform. Analyst JamesFotheringham upgraded the stock based on valuation. In conjunction with the note, the firm downgraded Citi (C) to Market Perform from Outperform, and ended its pair trade call of going long Citi and short Wells Fargo. Target on Wells Fargo is $49.
07/31/17
BMOC
07/31/17
DOWNGRADE
BMOC
Market Perform
Citi downgraded on valuation, lack of catalysts at BMO Capital
As noted earlier, BMO Capital downgraded Citi (C) to Market Perform from Outperform. Analyst James Fotheringham downgraded the stock based on valuation and lack of catalysts. In conjunction with this note, he upgraded Wells Fargo (WFC) to Outperform from Market Perform and ended his pair trade call of going long Citi and short Wells Fargo. Target on Citi is $65.
07/31/17
07/31/17
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. Facebook (FB) downgraded to Sell from Hold at Pivotal Research with analyst Brian Wieser saying the shares are not factoring in risks to the company's growth following their "remarkable run" this year. 2. Ulta Beauty (ULTA) downgraded to Perform from Outperform at Oppenheimer with analyst Rupesh Parikh saying softer commentary from L'Oreal on its earnings call, increasing promotional activity from the department store channel, and more difficult year-over-year comparisons "could now signal a potentially more challenging beauty backdrop going forward." 3. Hertz (HTZ) downgraded to Underweight from Equal Weight at Barclays with analyst Brian Johnson saying fundamentals may have bottomed, but the stock is ignoring the challenges ahead in the company's earnings recovery following the nearly 100% rally since June 21. 4. Citi (C) downgraded to Market Perform from Outperform at BMO Capital with analyst James Fotheringham citing valuation and lack of catalysts. 5. Visteon (VC) downgraded to Neutral from Buy at UBS with analyst Colin Langan saying the risk/reward is more balanced with the shares up 60% over the last year. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BCS Barclays
$10.91

0.01 (0.09%)

05/05/17
GSCO
05/05/17
DOWNGRADE
GSCO
Sell
Barclays downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Martin Leitgeb downgraded Barclays to Sell and lowered his price target for the shares to 180p from 250p.
05/17/17
UBSW
05/17/17
UPGRADE
UBSW
Buy
Barclays upgraded to Buy from Neutral at UBS
UBS analyst Jason Napier upgraded Barclays to Buy from Neutral citing its relative underperformance and its discount valuation relative to its Net Asset Value. He also does not believe the bank is facing a near-term capital shortfall, which has been a source of investor concern. He lowered his price target on Barclays shares to 235p from 240p.
06/01/17
GSCO
06/01/17
UPGRADE
GSCO
Buy
Barclays Africa Group upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Waleed Mohsin upgraded Barclays Africa Group (AGRPY) to Buy saying the Barclays (BSC) stake sale removes a technical overhang. The analyst views current share levels as an attractive entry point.
06/02/17
JPMS
06/02/17
UPGRADE
JPMS
Overweight
Barclays upgraded to Overweight from Neutral at JPMorgan (yesterday)
JPMorgan analyst Raul Sinha yesterday morning upgraded Barclays to Overweight with an increased price target of 240p. The Africa disposal unlocks capital creating earnings upside, the analyst told investors.

TODAY'S FREE FLY STORIES

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

18:58
09/18/18
09/18
18:58
09/18/18
18:58
Periodicals
China to place new tariffs on $60B in U.S. exports, WSJ says »

China's government…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

03/08/13
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SQ

Square

$87.97

1.1 (1.27%)

18:55
09/18/18
09/18
18:55
09/18/18
18:55
Periodicals
Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

Square CFO Sarah Friar…

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  • 18

    Sep

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    Sep

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    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:48
09/18/18
09/18
18:48
09/18/18
18:48
Hot Stocks
Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

The dividend is payable…

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  • 21

    Oct

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    Oct

  • 03

    Mar

KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

18:39
09/18/18
09/18
18:39
09/18/18
18:39
Hot Stocks
Kirkland Lake Gold acquires shares of Osisko Mining »

Kirkland Lake Gold…

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  • 23

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
09/18/18
09/18
18:39
09/18/18
18:39
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

Microsoft raises…

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  • 21

    Oct

  • 28

    Oct

  • 03

    Mar

OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
09/18/18
09/18
18:23
09/18/18
18:23
Downgrade
OMA Airports rating change  »

OMA Airports downgraded…

03/08/13
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03/08/13
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CE

Celanese

$113.41

-0.03 (-0.03%)

18:01
09/18/18
09/18
18:01
09/18/18
18:01
Hot Stocks
Celanese raises prices for acetate tow in Eastern Europ and Asia by $1/kg »

Celanese Corporation…

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

17:58
09/18/18
09/18
17:58
09/18/18
17:58
Periodicals
Wynn sued over allegations of rigging Boston casino bid, Bloomberg says »

Wynn Resorts and former…

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

17:48
09/18/18
09/18
17:48
09/18/18
17:48
Hot Stocks
SPDR Gold Trust holdings fall to 742.23MT from 742.53MT »

This is the lowest level…

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

17:35
09/18/18
09/18
17:35
09/18/18
17:35
Recommendations
Jazz Pharmaceuticals analyst commentary  »

Jazz Pharmaceuticals…

03/08/13
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  • 18

    Sep

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    Oct

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    Nov

  • 20

    Dec

RIG

Transocean

$11.93

0.335 (2.89%)

17:29
09/18/18
09/18
17:29
09/18/18
17:29
Initiation
Transocean initiated  »

Transocean initiated with…

03/08/13
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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
09/18/18
09/18
17:26
09/18/18
17:26
Initiation
Noble Corp. initiated  »

Noble Corp. initiated…

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  • 24

    Sep

CCOEY

Capcom

17:24
09/18/18
09/18
17:24
09/18/18
17:24
Periodicals
Capcom shutting down Vancouver studio, Kotaku says »

Capcom Vancouver,…

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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
09/18/18
09/18
17:24
09/18/18
17:24
Syndicate
Breaking Syndicate news story on Best Buy »

Best Buy files automatic…

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
09/18/18
09/18
17:22
09/18/18
17:22
Initiation
Diamond Offshore initiated  »

Diamond Offshore…

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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
09/18/18
09/18
17:20
09/18/18
17:20
Upgrade
TSMC rating change  »

TSMC upgraded to…

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WHD

Cactus

$35.93

1.24 (3.57%)

17:17
09/18/18
09/18
17:17
09/18/18
17:17
Initiation
Cactus initiated  »

Cactus initiated with an…

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

17:15
09/18/18
09/18
17:15
09/18/18
17:15
Periodicals
Senators seek punishment if ZTE strays from deal, Reuters says »

In a bill, introduced on…

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AKCA

Akcea Therapeutics

$26.58

1.73 (6.96%)

17:15
09/18/18
09/18
17:15
09/18/18
17:15
Syndicate
Breaking Syndicate news story on Akcea Therapeutics »

Akcea Therapeutics files…

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  • 06

    Oct

OIS

Oil States

$30.85

0.55 (1.82%)

17:13
09/18/18
09/18
17:13
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17:13
Initiation
Oil States initiated  »

Oil States initiated with…

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NOV

National Oilwell

$44.55

0.44 (1.00%)

17:07
09/18/18
09/18
17:07
09/18/18
17:07
Initiation
National Oilwell initiated  »

National Oilwell…

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  • 26

    Oct

FET

Forum Energy

$11.20

0.275 (2.52%)

17:03
09/18/18
09/18
17:03
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17:03
Initiation
Forum Energy initiated  »

Forum Energy initiated…

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  • 24

    Sep

ARES

Ares Management

$22.30

0.7 (3.24%)

17:02
09/18/18
09/18
17:02
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17:02
Hot Stocks
Ares Management and Starwood Energy sign agreement to sell interest in HTP »

Ares EIF, the power and…

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TKR

Timken

$48.65

-0.05 (-0.10%)

17:01
09/18/18
09/18
17:01
09/18/18
17:01
Hot Stocks
Timken completes acquisition of Rollon Group »

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DRQ

Dril-Quip

$49.90

0.8 (1.63%)

16:58
09/18/18
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16:58
09/18/18
16:58
Initiation
Dril-Quip initiated  »

Dril-Quip initiated with…

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