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LXFT

Luxoft

, DB

Deutsche Bank

$16.86

-0.72 (-4.10%)

07:49
08/11/17
08/11
07:49
08/11/17
07:49

Luxoft downgraded on weakness of multiple clients at Wedbush

As noted earlier, Wedbush downgraded Luxoft (LXFT) to Neutral from Outperform. As reasons for the downgrade, analyst Moshe Katri cited the deceleration in the spending of its top two clients, Deutsche Bank (DB) and UBS (UBS), and a "spending pause" by a number of its other clients which are undergoing M&A. Target to $50 from $67.

LXFT

Luxoft

DB

Deutsche Bank

$16.86

-0.72 (-4.10%)

UBS

UBS

$17.05

-0.26 (-1.50%)

  • 11

    Aug

LXFT Luxoft

08/11/17
WEDB
08/11/17
DOWNGRADE
WEDB
Neutral
Luxoft downgraded to Neutral from Outperform at Wedbush
01/06/17
WEDB
01/06/17
UPGRADE
WEDB
Outperform
Luxoft upgraded to Outperform from Neutral at Wedbush
01/06/17
01/06/17
UPGRADE
Target $67

Outperform
Luxoft upgraded to Outperform at Wedbush
As previously reported, Wedbush analyst Moshe Katri upgraded Luxoft (LXFT) to Outperform from Neutral to reflect not only an improving spending outlook for the Financial Services sector, but also spending improvements at UBS (UBS) and Deutsche Bank (DB), which collectively account for roughly 43% of the company's revenue base. He also raised his price target on the shares to $67 from $62.
06/16/17
COWN
06/16/17
NO CHANGE
Target $68
COWN
Outperform
Luxoft client concentration reduction should drive growth recovery, says Cowen
Cowen analyst Avishai Kantor said Luxoft will be de-risking their client concentration by March 2018, which should drive an organic growth recovery and multiple expansion. Kantor maintained his Outperform rating and $68 price target on Luxoft shares.
DB Deutsche Bank
$16.86

-0.72 (-4.10%)

07/28/17
MACQ
07/28/17
DOWNGRADE
MACQ
Neutral
Deutsche Bank downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Piers Brown downgraded Deutsche Bank to Neutral following the Q2 revenue miss and said signs of a franchise recovery are "weak."
12/19/16
SBSH
12/19/16
DOWNGRADE
SBSH
Sell
Deutsche Bank downgraded to Sell from Neutral at Citi
Citi analyst Andrew Coombs downgraded Deutsche Bank to Sell saying the shares have run "too far, too fast." Since the U.S. election, the stock is up 41%, Coombs tells investors in a research note. The further the share price rises, the less dilutive any future potential capital raise becomes, the analyst writes. He raised his price target for Deutsche shares to EUR 17 from EUR 15.
04/21/17
MACQ
04/21/17
UPGRADE
MACQ
Outperform
Deutsche Bank upgraded to Outperform from Underperform at Macquarie
UBS UBS
$17.05

-0.26 (-1.50%)

02/07/17
BOFA
02/07/17
UPGRADE
Target $17
BOFA
Neutral
UBS upgraded to Neutral from Underperform at BofA/Merrill
BofA/Merrill analyst Andrew Stimpson upgraded UBS to Neutral saying negative catalysts have played out.
02/07/17
02/07/17
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. Biogen (BIIB) upgraded to Buy from Neutral at Citi with analyst Robyn Karnauskas saying the Alzheimer's Phase 2 data already reported and no Phase 3 results until 2019/20, upside in the stock rests on the stability of Biogen's multiple sclerosis business and success of the Spinraza launch in spinal muscular atrophy. 2. Caterpillar (CAT) upgraded to Overweight from Equal Weight at Barclays with analyst Robert Wertheimer saying investors likely will never get a chance to buy the company's revenue with as much upside as in 2017. 3. Sysco (SYY) upgraded to Overweight from Neutral at JPMorgan with analyst John Ivankoe saying the shares should be bought in the low $50s. He raised his price target for the shares to $57 from $55. 4. Nokia (NOK) upgraded to Overweight from Equal Weight at Morgan Stanley. 5. UBS (UBS) upgraded to Neutral from Underperform at BofA/Merrill with analyst Andrew Stimpson saying negative catalysts have played out. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/26/17
JPMS
06/26/17
UPGRADE
JPMS
Overweight
UBS upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Kian Abouhossein upgraded UBS to Overweight with an increased price target of CHF 19. The analyst views the current valuation as attractive.
06/26/17
06/26/17
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. Coach (COH) upgraded to Buy from Neutral by Buckingham analyst Scott Krasik, who sees further upside based on expectations core margins can expand, Kate Spade accretion will exceed expectations, and thinks the company will make further additive acquisitions over the next few years. 2. Costco (COST) upgraded to Outperform from Market Perform by Raymond James analyst Budd Bugatch, who noted that the shares have pulled back approximately 13% since June 15 in reaction to Amazon's (AMZN) purchase of Whole Foods (WFM), which he views as providing a buying opportunity. 3. Pandora (P) upgraded to Sector Weight from Underweight at Pacific Crest by analyst Andy Hargreaves, who said the SiriusXM-appointed board members are likely to push for a moderated cash burn rate. The analyst believes lower cash burn, even at the expense of subscriber growth, would be a positive for Pandora. 4. UBS (UBS) upgraded to Overweight from Neutral by JPMorgan analyst Kian Abouhossein, who views the current valuation as attractive. 5. Goldman analyst Michael Lapides upgraded Duke Energy (DUK) to Buy and raised its price target to $85 from $82 saying relative valuation is compelling. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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