Breaking News Instant updates and real-time market news.

BP

BP

$38.26

-0.35 (-0.91%)

, ING

ING Group

$18.47

0.09 (0.49%)

14:08
10/07/17
10/07
14:08
10/07/17
14:08

BP, Royal Dutch Shell dividends look safe, Barron's says

Foreign companies tend to favor paying dividends over buying back stock, Lawrence Strauss writes in this week's edition of Barron's. BP (BP), Enel, ING Group (ING), Royal Dutch Shell (RDS.A), TSMC (TSM) and WPP (WPPGY) dividends all look safe, Strauss notes, adding that with the exception of Royal Dutch Shell and BP, they are all expected to pay higher dividends in 2018 than in 2017. Reference Link

BP

BP

$38.26

-0.35 (-0.91%)

ING

ING Group

$18.47

0.09 (0.49%)

RDS.A

Royal Dutch Shell

$60.15

-0.88 (-1.44%)

TSM

TSMC

WPPGY

WPP

$91.65

0.77 (0.85%)

  • 12

    Oct

  • 22

    Oct

BP BP
$38.26

-0.35 (-0.91%)

09/18/17
BMOC
09/18/17
UPGRADE
BMOC
Outperform
BP upgraded to Outperform from Market Perform at BMO Capital
09/18/17
BMOC
09/18/17
UPGRADE
BMOC
BP upgraded on free cash flow forecast at BMO Capital
As noted earlier, BMO Capital upgraded BP to Outperform from Market Perform. Analyst Brendan Warn thinks that the company's free cash flow will be boosted by "delivery of new upstream volumes, premium downstream product demand and improving (refining marker margin)." He thinks that the company will be helped in the near-term by several drilling projects. Target to GBP5.10 from GBP4.90.
09/18/17
09/18/17
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. Caterpillar (CAT) upgraded to Buy from Neutral at UBS with analyst Steven Fisher saying his firm's latest analysis of private non-residential construction ex-Power shows a re-acceleration in activity in the fourth quarter and mid-single digit growth into 2018. 2. Mednax (MD) upgraded to Overweight from Sector Weight at KeyBanc analyst Jason Gurda saying he sees the company's operating headwinds moderating over the next few quarters and growth in its third specialty, radiology, accelerating in the the near-term. 3. Infosys (INFY) upgraded to Neutral from Sell at Goldman Sachs with the firm saying management uncertainty and guidance risk is already priced in. 4. Klondex Mines (KLDX) upgraded to Buy from Hold at Canaccord. 5. BP (BP) upgraded to Outperform from Market Perform at BMO Capital with analyst Brendan Warn saying he thinks the company's free cash flow will be boosted by "delivery of new upstream volumes, premium downstream product demand and improving (refining marker margin)." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/17
MSCO
10/03/17
NO CHANGE
MSCO
Energy sector upgraded to 'Attractive' at Morgan Stanley
Morgan Stanley analysts led by Martijn Rats upgraded the Energy sector to "Attractive," saying they see increasingly clear signs that oil prices and production costs are near to finding a new equilibrium and that the sector's 6-year bear market is set to come to an end. Oil demand continues to grow well above historical trend rates and the downstream outlook is "outright strong," the team tells investors. In developed markets, the best positioned to benefit are downstream focused firms and high yielding majors, such as Shell (RDS.A), BP (BP) and Repsol (REPYY), the analysts said.
ING ING Group
$18.47

0.09 (0.49%)

05/31/17
05/31/17
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. Koppers Holdings (KOP) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying shares will remain range-bound, "at best," amid "depressed" railroad spending. End market growth is unlikely to return until 2020-2021, Alexander tells investors. He lowered his price target for the shares to $40 from $48. 2. iRobot (IRBT) downgraded to Hold on valuation at Canaccord with analyst Bobby Burleson citing the 70% share appreciation year-to-date. He maintained a $90 price target saying he expects only modest upside to estimate for the rest of the year. 3. Molina Healthcare (MOH) downgraded to Sell from Hold at Stifel with analyst Thomas Carroll citing valuation and his belief that the company will have difficulty meeting the Street's expectations on margins, while investors are underestimating the risk to the company's revenues and overestimating the chances of the company selling itself in the near-term. 4. ING Group (ING) downgraded to Hold from Buy at HSBC with analyst Robin Down saying the stock is near fair value after rallying 17% over the past three months. 5. Zebra Technologies (ZBRA) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying valuation is now appropriate given growth trends and debt load, which are now reflected in 2018 expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/31/17
HSBC
05/31/17
DOWNGRADE
HSBC
Hold
ING Group downgraded to Hold from Buy at HSBC
HSBC analyst Robin Down downgraded ING Group to Neutral saying the stock is near fair value after rallying 17% over the past three months. The analyst has an EUR 15.20 price target for the shares.
04/19/17
04/19/17
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. ING Group (ING) initiated with a Buy at Jefferies. 2. T-Mobile (TMUS) was initiated with a Buy at SunTrust while Sprint (S), Verizon (VZ), and AT&T (T) were initiated with a Hold. 3. DXC Technology (DXC) initiated with an Overweight at JPMorgan. 4. LendingClub (LC) coverage resumed with a Hold at Stifel. 5. Halliburton (HAL) and Schlumberger (SLB) were initiated with a Buy at HSBC while Baker Hughes (BHI) was initiated with a Hold. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/19/17
JEFF
04/19/17
INITIATION
JEFF
Buy
ING Group initiated with a Buy at Jefferies
Jefferies analyst Maxence Le Gouvello Du Timat started ING Group with a Buy rating and EUR 16.40 price target. The analyst sees ING as a "defensive cyclical name with option value from its digital strategy."
RDS.A Royal Dutch Shell
$60.15

-0.88 (-1.44%)

07/19/17
BERN
07/19/17
NO CHANGE
BERN
Worries about European LNG overdone, says Bernstein
Bernstein analyst Oswald Clint says that worries about the European LNG sector are overdone given strong demand and relatively low imports from the U.S. The analyst says that "Statoil (STO) and Shell (RDS.A) are the most exposed to European gas and LNG respectively." He keeps Outperform rating son both stocks.
07/11/17
BERN
07/11/17
NO CHANGE
BERN
Oil price forecast cut at Bernstein
Bernstein analysts lowered their 2017 and 2018 oil price forecasts to $50 per barrel for both years. As reasons for the drop, the firm cited higher U.s. shale efficiency, their belief that elevated production levels will last longer than previously expected, and their belief that OPEC cuts will be insufficient to counter increased production by Libya, Iran and Nigeria. Publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
06/21/17
MACQ
06/21/17
DOWNGRADE
MACQ
Neutral
Royal Dutch Shell downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Iain Reid downgraded Royal Dutch Shell to Neutral following a reduction in the firm's oil price estimates saying the majors will likely slip back into deficits and have further, painful cost reductions. The firm lowered its its second half 2017 Brent forecast to $54.15 from $58.76 and WTI forecast to $52.15 from $56.75, 2018 Brent forecast to $49.33 from $55.75 and WTI forecast to $46.08 from $52.50, and 2019 Brent forecast to $65 from $70 and WTI forecast to $60 from $65.
TSM TSMC

07/13/17
DAIW
07/13/17
DOWNGRADE
DAIW
Outperform
TSMC downgraded to Outperform after earnings at Daiwa
Daiwa analyst Rick Hsu downgraded TSMC downgraded to Outperform from Buy following the company's Q2 results. The analyst cites valuation for the downgrade and notes the company's Q3 business guidance missed expectations. Hsu expects TSMC to make up for the Q3 revenue shortfall in Q4, however, and continues to like the company's long-term fundamentals.
07/13/17
DAIW
07/13/17
DOWNGRADE
DAIW
Outperform
TSMC downgraded to Outperform from Buy at Daiwa
06/21/17
HSBC
06/21/17
DOWNGRADE
HSBC
Hold
TSMC downgraded to Hold from Buy at HSBC
HSBC analsyt Steven Pelayo downgraded TSMC to Hold citing valuation.
06/22/17
06/22/17
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. CarMax (KMX) downgraded to Neutral from Positive at Susquehanna with analyst Ali Faghri saying "more challenging comparisons and moderating tailwinds" from online initiatives "will lead to a gradual slowdown in sales trends." 2. DuPont Fabros (DFT) was downgraded to Sector Weight from Overweight at KeyBanc and to Market Perform from Outperform at Raymond James. 3. TSMC (TSM) downgraded to Hold from Buy at HSBC with analyst Steven Pelayo citing valuation. 4. Sandstorm Gold (SAND) downgraded to Neutral from Outperformer at CIBC. 5. Dana Holding (DAN) downgraded to Hold from Buy at Deutsche Bank with analyst Rod Lache saying the stock has risen to within 5% of the firm's target. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WPPGY WPP
$91.65

0.77 (0.85%)

12/08/16
JEFF
12/08/16
UPGRADE
JEFF
Buy
WPP PLC upgraded to Buy from Hold at Jefferies
Jefferies analyst Tamsin Garrity upgraded WPP PLC to Buy saying the valuation is attractive following the recent pullback. The analyst has a 1,840p price target for the shares.
01/12/17
PIVT
01/12/17
DOWNGRADE
PIVT
Hold
WPP PLC downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded WPP PLC and other names in the Internet/Advertising space citing a riskier political environment post the U.S. election. Valuations do not appropriately reflect that the environment for stocks and companies is riskier now than was the case several months ago, Wieser tells investors in a research note. He believes "significant factions" within the government support "mercantilism and populism," creating uncertainty as to what policies will take effect.
08/30/17
AGIS
08/30/17
NO CHANGE
AGIS
Aegis sees signs of start of advertising recession
After speaking with Bryan Wiener, the Executive Chairman of online and traditional advertising agency 360i, Aegis analyst Victor Anthony said that his commentary, along with earnings results from ad agencies Interpublic Group (IPG) and WPP (WPPGY), leave him of the opinion that an ad recession is underway. Wiener believes Google (GOOG), Facebook (FB) and Amazon (AMZN) will be relatively insulated given they will continue to take share, and Anthony said he would continue to buy Alphabet and Facebook shares. The analyst keeps a Hold rating on Snap (SNAP) and a Sell rating on Twitter (TWTR).
07/17/17
DBAB
07/17/17
DOWNGRADE
DBAB
Hold
WPP downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Chris Collet downgraded WPP to Hold and lowered his price target for the shares to GBP 1,750 from GBP 1,890. The analyst expects the company's long-term model for delivering 10%-15% earnings growth will come under pressure due to its high exposure to staples companies.

TODAY'S FREE FLY STORIES

SHLX

Shell Midstream

$26.61

-0.44 (-1.63%)

08:50
10/19/17
10/19
08:50
10/19/17
08:50
Hot Stocks
Shell Midstream raises quarterly distribution by 4.6% to 31.8c per unit »

Shell Midstream announces…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    Nov

  • 16

    Nov

AGN

Allergan

$187.15

-10.63 (-5.37%)

08:50
10/19/17
10/19
08:50
10/19/17
08:50
Recommendations
Allergan analyst commentary  »

Allergan price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Oct

  • 23

    Oct

  • 01

    Nov

  • 06

    Nov

BOLD

Audentes Therapeutics

$25.41

0.31 (1.24%)

08:50
10/19/17
10/19
08:50
10/19/17
08:50
Conference/Events
William Blair biotech analyst holds an analyst/industry conference call »

Biotech Analyst Prasad,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Oct

08:50
10/19/17
10/19
08:50
10/19/17
08:50
General news
U.S. initial jobless claims dropped 22k to 222k in the October 14 week »

U.S. initial jobless…

GATX

GATX

$64.28

0.33 (0.52%)

08:48
10/19/17
10/19
08:48
10/19/17
08:48
Earnings
GATX reports Q3 EPS $1.25, consensus 97c »

Reports Q3 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Oct

ABT

Abbott

$55.77

0.71 (1.29%)

08:48
10/19/17
10/19
08:48
10/19/17
08:48
Recommendations
Abbott analyst commentary  »

Abbott price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VZ

Verizon

$48.65

0.25 (0.52%)

08:47
10/19/17
10/19
08:47
10/19/17
08:47
Hot Stocks
Verizon says wireless service revenue to improve by end of 2017 »

Says balance sheet…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Oct

  • 01

    Nov

SGMS

Scientific Games

$42.85

0.1 (0.23%)

08:47
10/19/17
10/19
08:47
10/19/17
08:47
Hot Stocks
Scientific Games' casino management system selected by Snoqualmie Casino »

Scientific Games will be…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Nov

AAOI

Applied Optoelectronics

$42.29

-1.45 (-3.32%)

, XME

SPDR S&P Metals & Mining

$32.73

0.15 (0.46%)

08:45
10/19/17
10/19
08:45
10/19/17
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

AAOI

Applied Optoelectronics

$42.29

-1.45 (-3.32%)

XME

SPDR S&P Metals & Mining

$32.73

0.15 (0.46%)

CBI

CB&I

$15.85

-0.19 (-1.18%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Nov

  • 16

    Nov

08:45
10/19/17
10/19
08:45
10/19/17
08:45
General news
Treasury Action: yields stabilized above lows »

Treasury Action: yields…

HRL

Hormel Foods

$31.34

-0.17 (-0.54%)

08:44
10/19/17
10/19
08:44
10/19/17
08:44
Recommendations
Hormel Foods analyst commentary  »

Hormel Foods price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AAPL

Apple

$159.76

-0.71 (-0.44%)

, HNHPF

Hon Hai Precision

$7.49

0.412 (5.82%)

08:44
10/19/17
10/19
08:44
10/19/17
08:44
Periodicals
Apple, suppliers fall after report of reduced iPhone 8 orders, Bloomberg says »

Shares of Apple (AAPL)…

AAPL

Apple

$159.76

-0.71 (-0.44%)

HNHPF

Hon Hai Precision

$7.49

0.412 (5.82%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Oct

  • 02

    Nov

GALT

Galectin Therapeutics

$2.51

0.22 (9.61%)

08:44
10/19/17
10/19
08:44
10/19/17
08:44
Initiation
Galectin Therapeutics initiated  »

Galectin Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MDGL

Madrigal Pharmaceuticals

$47.52

0.51 (1.08%)

08:42
10/19/17
10/19
08:42
10/19/17
08:42
Initiation
Madrigal Pharmaceuticals initiated  »

Madrigal Pharmaceuticals…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Oct

RMBL

RumbleON

$9.30

0.3 (3.33%)

08:42
10/19/17
10/19
08:42
10/19/17
08:42
Syndicate
RumbleON 2.91M share Secondary priced at $5.50 »

The deal size was…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Oct

XPO

XPO Logistics

$64.76

0.12 (0.19%)

08:40
10/19/17
10/19
08:40
10/19/17
08:40
Hot Stocks
Department of Defense boosts XPO contract by $139.5M to $2.32B »

The Department of Defense…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Nov

GEMP

Gemphire Therapeutics

$9.54

-0.08 (-0.83%)

08:40
10/19/17
10/19
08:40
10/19/17
08:40
Initiation
Gemphire Therapeutics initiated  »

Gemphire Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

EBAY

eBay

$37.97

0.48 (1.28%)

08:39
10/19/17
10/19
08:39
10/19/17
08:39
Recommendations
eBay analyst commentary  »

eBay progress…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GPC

Genuine Parts

$98.04

1.18 (1.22%)

08:39
10/19/17
10/19
08:39
10/19/17
08:39
Hot Stocks
Genuine Parts announces two industrial and automotive acquisitions »

Genuine Parts announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Oct

  • 30

    Oct

BANR

Banner Corp.

$61.29

0.54 (0.89%)

, PUB

People's Utah Bancorp

$32.85

0.2 (0.61%)

08:38
10/19/17
10/19
08:38
10/19/17
08:38
Conference/Events
People's Utah Bancorp to hold a conference call »

Management discusses…

BANR

Banner Corp.

$61.29

0.54 (0.89%)

PUB

People's Utah Bancorp

$32.85

0.2 (0.61%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Oct

  • 26

    Oct

  • 09

    Nov

MTG

MGIC Investment

$13.54

0.43 (3.28%)

08:37
10/19/17
10/19
08:37
10/19/17
08:37
Recommendations
MGIC Investment analyst commentary  »

MGIC Investment price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ADBE

Adobe

$153.00

2.62 (1.74%)

08:37
10/19/17
10/19
08:37
10/19/17
08:37
Recommendations
Adobe analyst commentary  »

Adobe price target raised…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Oct

  • 06

    Nov

IFMK

iFresh

$12.15

-0.1 (-0.82%)

08:37
10/19/17
10/19
08:37
10/19/17
08:37
Hot Stocks
iFresh announces exclusive agreement with Dragon Seeds »

iFresh announced that it…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CRBP

Corbus Pharmaceuticals

$7.00

-0.05 (-0.71%)

08:36
10/19/17
10/19
08:36
10/19/17
08:36
Technical Analysis
Technical View: Corbus Pharmaceuticals surges on anabasum Phase 2 results »

The stock was last up…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CLS

Celestica

$12.33

0.01 (0.08%)

08:35
10/19/17
10/19
08:35
10/19/17
08:35
Hot Stocks
Celestica appoints Mandeep Chawla as CFO »

Celestica announced the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.