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VRTU

Virtusa

$45.61

1.67 (3.80%)

, C

Citi

$72.43

0.09 (0.12%)

07:12
11/10/17
11/10
07:12
11/10/17
07:12

Virtusa price target raised to $52 from $38 at SunTrustCiti

SunTrust analyst Frank Atkins raised his price target on Virtusa (VRTU) to $52 and kept his Buy rating following Q2 results. Atkins says that despite the significant stock reaction to the report, the company's "solid growth trajectory and steady margin improvement" should support the multiple given the traction with Virtusa's top client Citigroup (C) and growth across its product portfolio.

VRTU

Virtusa

$45.61

1.67 (3.80%)

C

Citi

$72.43

0.09 (0.12%)

  • 13

    Nov

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    Dec

VRTU Virtusa
$45.61

1.67 (3.80%)

11/09/17
BRRR
11/09/17
NO CHANGE
Target $52
BRRR
Outperform
Virtusa price target raised to $52 from $40 at Barrington
Barrington analyst Vincent Colicchio raised his price target for Virtusa to $52 following the company's Q2 results. The analyst says the company is gaining share in banking and keeps an Outperform rating on the name.
11/09/17
MAXM
11/09/17
UPGRADE
Target $51
MAXM
Buy
Virtusa upgraded to Buy at Maxim amid strong ramp in banking wins
As previously reported, Maxim analyst Brian Kinstlinger upgraded Virtusa (VRTU) to Buy from Hold and set a $51 price target. Kinstlinger cites increasing demand from its largest customer - Citigroup (C) - as well as generally stronger-than-expected ramp on recent large banking wins driving Q2 revenue beat. The analyst also calls the Polaris acquisition "one of the best we've seen in IT services market", as Virtusa benefited from its large UK banking win.
11/08/17
11/08/17
UPGRADE
Target $51

Buy
Maxim upgrades Virtusa to Buy on better demand from banks
As previously reported, Maxim analyst Brian Kinstlinger upgraded Virtusa (VRTU) to Buy from Hold, noting that its revenue was up almost 9% sequentially as demand from Citigroup (C), its largest customer, surged. The company also announced several large contracts with banking customers in Q1 and those contracts ramped much quicker than expected, added the analyst. Kinstlinger, who set a $51 price target on Virtusa shares, sees "plenty of runway to grow" at Citi and believes the company buying the remaining minority share of Polaris may drive additional profitability.
11/08/17
MAXM
11/08/17
UPGRADE
MAXM
Buy
Virtusa upgraded to Buy from Hold at Maxim
C Citi
$72.43

0.09 (0.12%)

10/16/17
10/16/17
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. Citi (C) downgraded to Sell from Hold at Societe Generale with analyst Andrew Lim citing the bank's third quarter earnings report. 2. Deckers Brands (DECK) downgraded to Negative from Neutral at Susquehanna with analyst Sam Poser saying he believes its struggles will continue regardless of whether Marcato adds some of its people to the company's board. 3. Adobe (ADBE) downgraded to Hold from Buy at Deutsche Bank with analyst Nandan Amladi saying the valuation is "relatively full" with the shares up 50% year-to-date. 4. Ulta Beauty (ULTA) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Matthew Fassler saying recent data points, including a slowdown in Sephora U.S. sales and Bloomberg SpendTrend, suggest a more complicated path to recovery. 5. Bristol-Myers (BMY) downgraded to Hold from Buy at Jefferies with analyst Jeffrey Holford saying the shares, following the recent rally, have "significant downside risk" should lung cancer trial CheckMate-227 fail. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/16/17
SOCG
10/16/17
DOWNGRADE
Target $65
SOCG
Sell
Citi downgraded to Sell from Hold at Societe Generale
Societe Generale analyst Andrew Lim downgraded Citi to Sell and cut his price target for the shares to $65 from $70 following the bank's Q3 earnings report.
10/13/17
FBCO
10/13/17
NO CHANGE
Target $83
FBCO
Outperform
Citi decline on earnings due to soft credit card guidance, says Credit Suisse
Credit Suisse analyst Susan Katzke says yesterday's 3.4% slide in Citigroup stock price in spite of the earnings beat is likely due to its credit card guidance. Katzke says that even if Citi's North American card results fall 25% short of her forecast, it would result in a "manageable" 2% hit to EPS, maintaining her Outperform rating and $83 price target.

TODAY'S FREE FLY STORIES

TSLA

Tesla

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2.55 (0.82%)

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GT

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HMC

Honda

$32.62

0.02 (0.06%)

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PG

Procter & Gamble

$88.43

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

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Baker Hughes

$30.91

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General Electric

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CSCO

Cisco

$35.90

0.02 (0.06%)

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IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
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GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
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Option play offer some help given GE dividend, depressed stock, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

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Risk remains after GE dividend cut, Barron's says »

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

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TWX

Time Warner

$88.72

0.71 (0.81%)

T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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  • 28

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
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Conference/Events
TPI Composites to host investor day »

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SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
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Conference/Events
Synaptics management to meet with KeyBanc »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
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Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
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Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
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17:58
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Tactile Systems to replace Lumos Networks in S&P 600 at open on 11/22 »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

17:56
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Hot Stocks
Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
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11/17
17:55
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17:55
Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
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Syndicate
Breaking Syndicate news story on UQM Technologies »

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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
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Periodicals
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VICL

Vical

$1.94

-0.02 (-1.02%)

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

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MBI

MBIA

$9.01

0.13 (1.46%)

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Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

17:03
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Breaking Hot Stocks news story on Rubicon »

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