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GS

Goldman Sachs

$238.66

4.3 (1.83%)

, JPM

JPMorgan

$101.36

3.43 (3.50%)

07:32
11/29/17
11/29
07:32
11/29/17
07:32

U.S. DOE looks to finance, tech companies for student-lending help, WSJ says

The Trump Administration is meeting with some of the country's largest finance and tech companies to request help in managing the government's $1.3T student loan program, the Wall Street Journal reports, citing A. Wayne Johnson, Education Department COO of federal student aid. The government, which has met with Goldman Sachs (GS), JPMorgan (JPM), Visa (V), American Express (AXP), and Amazon (AMZN), is looking to overhaul the portfolio as its current contracts with student-loan servicers expire in 2019 and it aims to request bids early next year amid dissatisfaction with the current service. Reference Link

GS

Goldman Sachs

$238.66

4.3 (1.83%)

JPM

JPMorgan

$101.36

3.43 (3.50%)

V

Visa

$113.36

0.98 (0.87%)

AXP

American Express

$95.28

1.81 (1.94%)

AMZN

Amazon.com

$1,193.60

-2.23 (-0.19%)

  • 29

    Nov

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    Nov

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    Nov

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    Dec

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    Dec

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    Dec

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    Feb

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    Mar

  • 13

    Apr

  • 14

    Jul

  • 12

    Oct

GS Goldman Sachs
$238.66

4.3 (1.83%)

11/06/17
11/06/17
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. Weatherford (WFT) downgraded to Neutral from Buy at Citi with analyst Scott Gruber saying the company's turnaround is going to take time and the ending remains uncertain. 2. Hyatt (H) downgraded to Neutral from Buy at B. Riley FBR with analyst Bryan Maher citing valuation following the stock's recent rally. 3. Sprint (S) downgraded to Underweight from Sector Weight at KeyBanc with analyst Brandon Nispel saying competitive intensity in the wireless industry will likely increase now that the company could not reach a merger agreement with T-Mobile (TMUS). 4. Goldman Sachs (GS) downgraded to Sell from Hold at Vertical Group with analyst Richard Bove saying "more earnings issues may surface" as the company continues to pursue its traditional business model when it is evident it is no longer relevant. 5. Hilton (HLT) downgraded to Market Perform from Outperform at Wells Fargo with analyst Jeffrey Donnelly citing the stock's "premium valuation" and a lack of visible catalysts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/17
10/09/17
DOWNGRADE
Target $255

Neutral
Goldman Sachs downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Susan Roth Katzke downgraded Goldman Sachs to Neutral from Outperform given the recovery in the shares and the now more limited total return to her target price, which she raised to $255 from $240.
10/18/17
BMOC
10/18/17
NO CHANGE
Target $217
BMOC
Market Perform
Goldman Sachs price target raised to $217 from $202 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Goldman Sachs to $217 after Q3 earnings to reflect higher than previously modeled revenue and CCAR-approved capital plan. While the price target on shares implies an 8% downside, the analyst says it does not yet consider policy changes under President Trump, which could add as much as 19% to the current forward EPS forecast, writes Fotheringham in his research note. The analyst keeps his Market Perform rating on Goldman Sachs.
11/06/17
VERF
11/06/17
DOWNGRADE
VERF
Sell
Goldman Sachs downgraded to Sell from Hold at Vertical Group
Vertical Group analyst Richard Bove downgraded Goldman Sachs to Sell saying "more earnings issues may surface" as the company continues to pursue its traditional business model when it is evident it is no longer relevant.
JPM JPMorgan
$101.36

3.43 (3.50%)

10/27/17
WELS
10/27/17
NO CHANGE
WELS
JPMorgan price target raised to $115 from $110 at Wells Fargo
Wells Fargo analyst Mike Mayo raised his price target on JPMorgan to $115 from $110 and maintained an Outperform rating on the national bank, citing JPMorgan's superior deposit growth, efficiency, and strength in digital banking. Additionally, Mayo increased his earnings per share estimates in 2017 and 2018 by about 20c each, and in 2019 and 2020 by about 10c each.
10/09/17
FBCO
10/09/17
NO CHANGE
Target $110
FBCO
Outperform
JPMorgan price target raised to $110 from $103 at Credit Suisse
Credit Suisse analyst Susan Roth Katzke raised her price target for JPMorgan to $110 from $103 on valuation. The analyst reiterates an Outperform rating on the shares.
09/26/17
09/26/17
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. JPMorgan (JPM) and PNC Financial (PNC) were downgraded to Hold from Buy at Deutsche Bank. 2. Aflac (AFL) downgraded to Sell from Neutral at Citi with analyst Suneet Kamath saying the company is at an inflection point as Aflac Japan is too large to show meaningful growth and Aflac U.S. is "too small to move the growth needle." 3. Cardtronics (CATM) downgraded to Market Perform from Outperform at William Blair with analyst Robert Napoli citing the changes in the Australian market. 4. Cheesecake Factory (CAKE), Shake Shack (SHAK), and Habit Restaurants (HABT) were downgraded to Neutral from Outperform at Wedbush. 5. Genocea (GNCA) downgraded to Hold from Buy at Stifel with analyst Stephen Willey saying his visibility and confidence "remains admittedly low" after the company shelved GEN-003 and said it will shift focus on immuno-oncology and the development of neoantigen cancer vaccines. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/17
DBAB
09/26/17
DOWNGRADE
Target $136
DBAB
Hold
PNC Financial downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Matt O'Connor downgraded PNC Financial (PNC) to Hold as he seeks to lessen exposure to traditional banks. The analyst sees net interest income growth slowing and credit costs inching up as the Fed raises short rates and the yield curve flattens. He believes a number of positives are priced into PNC shares. O'Connor upped his price target for the stock to $136 from $130. The analyst continues to prefer banks with a "turnaround angle," like Goldman Sachs (GS) and Wells Fargo (WFC), and remains positive on capital markets businesses like Morgan Stanley (MS). O'Connor this morning also downgraded JPMorgan (JPM) to Hold.
V Visa
$113.36

0.98 (0.87%)

10/18/17
KEYB
10/18/17
NO CHANGE
Target $118
KEYB
Overweight
Visa price target raised to $118 from $110 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for Visa to $118 from $110, citing highly attractive market structure with larger moat and low competitive threats. The analyst reiterates an Overweight rating on the shares.
10/17/17
JEFF
10/17/17
NO CHANGE
Target $125
JEFF
Buy
Jefferies raises estimates, price targets for Visa and MasterCard
Jefferies analyst Ramsey El-Assal says his analysis of leading indicators suggests a "healthy fundamental backdrop" for Visa (V) and MasterCard (MA) into the Q3 earnings reports. He believes his estimates for both "are safe." The analyst continues to view both as core holdings and upped his price target for Visa to $125 from $112 and for MasterCard to $169 from $164. Both stocks remain Buy rated.
11/16/17
JEFF
11/16/17
NO CHANGE
Target $86
JEFF
Buy
Jefferies ups PayPal target to $86, Square target to $47
After rolling forward his valuations to reflect 2019 estimates, Jefferies analyst Ramsey El-Assal raised his price target for PayPal (PYPL) to $86 from $80, for Square (SQ) to $47 from $44, for Visa (V) to $129 from $127 and for EPAM Systems (EPAM) to $118 from $115. He keeps Buy ratings on all four names. The analyst's top picks in Payments are First Data (FDC), FleetCor (FLT), PayPal and Wex (WEX). El-Assal's top picks in IT Services are Cognizant (CTSH) and DXC Technology (DXC).
11/17/17
BOFA
11/17/17
NO CHANGE
BOFA
Buy
Visa highlights possible EC interchange changes, says BofA/Merrill
BofA Merrill Lynch analyst Jason Kupferberg said the "most interesting new disclosure" in Visa's (V) just-filed 10-K was that the European Commission may require the company to reduce its European cross-border interchange rates. The EC is focused specifically on interchange fees set by Visa and MasterCard (MA) that represent revenue for their card issuers, while their own network fees are not being looked at, Kupferberg noted. However, depending how much these interchange fees are potentially cut, he can't rule out "some type of downstream impact" on fees, he added. The analyst, who does not see any cause for concern about near-term estimates, recommends keeping a close eye on this issue. He keeps a Buy rating on Visa shares.
AXP American Express
$95.28

1.81 (1.94%)

10/19/17
FBCO
10/19/17
NO CHANGE
Target $84
FBCO
Underperform
American Express price target raised to $84 from $79 at Credit Suisse
Credit Suisse analyst Moshe Orenbuch raised his price target for American Express to $84 from $79 following quarterly results. Nonetheless, the analyst reiterates an Underperform rating on the shares.
10/19/17
SPHN
10/19/17
NO CHANGE
Target $89
SPHN
Equal Weight
American Express guidance raise, CEO change not surprises, says Stephens
Stephens analyst Vincent Caintic said he believes investors had expected American Express to raise its 2017 EPS guidance and that the appointment of Steve Squeri as its next CEO was also not a surprise. Squeri will likely not be materially different in strategy from outgoing CEO Ken Chenault, contends Caintic, who adds that he is concerned about the company's higher than expected provisions in Q3. The analyst keeps an Equal Weight rating on American Express shares, though he raised his price target on the stock to $89 from $82.
10/19/17
RBCM
10/19/17
NO CHANGE
Target $68
RBCM
Underperform
American Express price target raised to $68 from $63 at RBC Capital
RBC Capital analyst Jason Arnold raised his price target on American Express to $68 following Q3 results that featured a lower tax rate of 26% relative to the more typical 32% rate offsetting a larger loss provision. The analyst keeps his Underperform rating, remaining concerned over high competition and a likely loss of the Starwood cobrand partnership.
10/24/17
ATLE
10/24/17
INITIATION
Target $100
ATLE
Neutral
American Express assumed with a Neutral at Atlantic Equities
Atlantic Equities analyst Kunaal Malde assumed coverage of American Express with a Neutral rating, up from the firm's prior rating of Underweight. Malde sets a $100 price target on American Express shares.
AMZN Amazon.com
$1,193.60

-2.23 (-0.19%)

11/29/17
KEYB
11/29/17
NO CHANGE
KEYB
Strong attendance at Amazon conference reinforces AWS leading position, says KeyBanc
KeyBanc analyst Brent Bracelin notes that Amazon (AMZN) kicked off its flagship cloud user conference with a Partner Summit highlighted by further enterprise integration with VMware (VMW). The analyst expects news flow to pick up materially into the keynotes on Wednesday and Thursday mornings, and says that the strong attendance reinforces AWS market leading position as the largest cloud platform in IaaS/PaaS.
11/28/17
STFL
11/28/17
NO CHANGE
STFL
Atlas Air takeover by Amazon unlikely, says Stifel
Stifel analyst David Ross notes there has been speculation in the market of a takeover of Atlas Air Worldwide (AAWW) by Amazon.com (AMZN). The analyst sees an outright buyout of the company as unlikely. However, Ross sees a "real possibility" of Amazon extending its contract with Atlas beyond the initial order of 20 planes. He reiterates a Buy rating on the shares. Atlas Air shares are up 2% to $56.00 in afternoon trading. The analyst on November 8 upgraded the aircraft services outsourcer to Buy with a $69 price target.
11/28/17
BERN
11/28/17
NO CHANGE
BERN
Grocery sales on Alibaba, JD.com are nine times Amazon's, says Bernstein
Bernstein analyst Bruno Monteyne notes that absolute grocery sales on Alibaba (BABA) and JD.com (JD) are nine times the grocery sales on Amazon.com (AMZN). China's speed is explained by a lack of legacy, as the country never developed big-box retailing, he adds. Further, Monteyne points out that Alibaba's approach has led to an asset light form of e-grocery, contrasting with the very asset-heavy approach taken by Amazon.
11/28/17
GSCO
11/28/17
NO CHANGE
Target $1450
GSCO
Conviction Buy
Amazon price target raised to $1,450 ahead of AWS re:Invent at Goldman Sachs
Goldman Sachs analyst Heath Terry previewed Amazon Web Services' annual user conference, AWS re:Invent, saying he expects product announcements on par with last year and sees the potential for further partnership announcements. At its "Midnight Madness" kick-off, the company has already announced Amazon Sumerian, five AWS Elemental Media Services and Amazon ML Solutions Lab, Terry noted. He expects AI and machine learning, IoT services, and "Serverless" to be the most talked about topics at the event, Terry added. He maintains a Buy rating on Amazon, keeps it on the firm's Conviction List and raised his price target on the stock to $1,450 from $1,300.

TODAY'S FREE FLY STORIES

VMC

Vulcan Materials

$122.21

-0.715 (-0.58%)

11:07
12/12/17
12/12
11:07
12/12/17
11:07
Conference/Events
Vulcan Materials management to meet with SunTrust »

Meeting to be held in…

03/08/13
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03/06/13
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03/06/13
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FCX

Freeport McMoRan

$15.64

0.62 (4.13%)

11:05
12/12/17
12/12
11:05
12/12/17
11:05
Options
Freeport McMoRan call volume above normal and directionally bullish »

Bullish option flow…

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AGU

Agrium

$110.72

2.71 (2.51%)

11:04
12/12/17
12/12
11:04
12/12/17
11:04
Hot Stocks
Agrium to acquire Louis Dreyfus Company's Macrofertil fertilizer business »

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ONCE

Spark Therapeutics

$47.72

-25.66 (-34.97%)

11:04
12/12/17
12/12
11:04
12/12/17
11:04
Upgrade
Spark Therapeutics rating change  »

Follow-up: Spark…

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  • 14

    Dec

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    Jan

GRPN

Groupon

$5.86

0.05 (0.86%)

10:57
12/12/17
12/12
10:57
12/12/17
10:57
Recommendations
Groupon analyst commentary  »

Groupon selloff today a…

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AMAT

Applied Materials

$51.62

0.19 (0.37%)

10:55
12/12/17
12/12
10:55
12/12/17
10:55
Options
Applied Materials put volume heavy and directionally bearish »

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  • 09

    Jan

10:55
12/12/17
12/12
10:55
12/12/17
10:55
General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

ONCE

Spark Therapeutics

$47.72

-25.66 (-34.97%)

10:54
12/12/17
12/12
10:54
12/12/17
10:54
Upgrade
Spark Therapeutics rating change  »

Spark Therapeutics…

03/08/13
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03/06/13
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  • 14

    Dec

  • 12

    Jan

GSK

GlaxoSmithKline

$35.53

0.22 (0.62%)

10:53
12/12/17
12/12
10:53
12/12/17
10:53
Hot Stocks
FDA approves expanded use of GlaxoSmithKline's Nucala »

The FDA expanded the…

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03/06/13
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  • 25

    Mar

TRIP

TripAdvisor

$35.32

0.82 (2.38%)

10:48
12/12/17
12/12
10:48
12/12/17
10:48
Hot Stocks
TripAdvisor, ReviewPush form licensing partnership for restaurant reviews »

ReviewPush announced a…

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OSTK

Overstock.com

$55.00

9.925 (22.02%)

, MS

Morgan Stanley

$53.09

0.32 (0.61%)

10:46
12/12/17
12/12
10:46
12/12/17
10:46
Hot Stocks
Overstock rises after Morgan Stanley discloses stake ahead of crypto launch »

Shares of Overstock…

OSTK

Overstock.com

$55.00

9.925 (22.02%)

MS

Morgan Stanley

$53.09

0.32 (0.61%)

BTC

Bitcoin

BITCOIN

Bitcoin

QVCA

QVC Group

$24.52

-0.27 (-1.09%)

TJX

TJX

$73.55

0.25 (0.34%)

COST

Costco

$188.86

0.79 (0.42%)

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

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  • 12

    Dec

  • 14

    Dec

ATVI

Activision Blizzard

$63.17

0.74 (1.19%)

, EA

Electronic Arts

$107.92

2.65 (2.52%)

10:44
12/12/17
12/12
10:44
12/12/17
10:44
Hot Stocks
Goldman ups Activision Blizzard, cuts EA in video game ratings shuffle »

Ahead of 2018, Goldman…

ATVI

Activision Blizzard

$63.17

0.74 (1.19%)

EA

Electronic Arts

$107.92

2.65 (2.52%)

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

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  • 30

    Jan

TMUS

T-Mobile

$63.07

0.53 (0.85%)

10:43
12/12/17
12/12
10:43
12/12/17
10:43
Conference/Events
T-Mobile to host business news update conference call »

T-Mobile's President…

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03/08/13
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03/06/13
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03/06/13
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  • 12

    Dec

MMM

3M

$236.76

-2.54 (-1.06%)

10:43
12/12/17
12/12
10:43
12/12/17
10:43
Recommendations
3M analyst commentary  »

3M guidance solid versus…

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  • 12

    Dec

SQ

Square

$39.23

0.9318 (2.43%)

10:40
12/12/17
12/12
10:40
12/12/17
10:40
Options
Sizable put buyer in Square as shares rally »

Sizable put buyer in…

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  • 12

    Dec

  • 19

    Dec

WWE

WWE

$30.94

0.24 (0.78%)

10:37
12/12/17
12/12
10:37
12/12/17
10:37
Conference/Events
WWE management to meet with Morgan Stanley »

Meeting to be held in…

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03/06/13
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  • 12

    Dec

VKTX

Viking Therapeutics

$3.97

-0.11 (-2.70%)

10:35
12/12/17
12/12
10:35
12/12/17
10:35
Conference/Events
Viking Therapeutics management to meet with Maxim »

Meetingsto be held in New…

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03/06/13
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  • 12

    Dec

  • 13

    Dec

  • 28

    Dec

TSLA

Tesla

$328.91

13.78 (4.37%)

, PEP

PepsiCo

$117.97

0.58 (0.49%)

10:34
12/12/17
12/12
10:34
12/12/17
10:34
Hot Stocks
Tesla jumps as PepsiCo makes biggest public pre-order of Semi trucks »

Shares of Tesla (TSLA)…

TSLA

Tesla

$328.91

13.78 (4.37%)

PEP

PepsiCo

$117.97

0.58 (0.49%)

WMT

Walmart

$97.02

0.09 (0.09%)

DPSGY

Deutsche Post

$47.34

-0.26 (-0.55%)

JBHT

J.B. Hunt

$111.30

-1.21 (-1.08%)

BUD

AB InBev

$111.30

-0.12 (-0.11%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 12

    Dec

  • 16

    Jan

  • 20

    Feb

NICE

Nice

$87.68

-0.15 (-0.17%)

10:32
12/12/17
12/12
10:32
12/12/17
10:32
Conference/Events
Nice management to meet with Oppenheimer »

Meeting to be held in…

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03/06/13
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03/06/13
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  • 12

    Dec

  • 26

    Feb

EA

Electronic Arts

$107.92

2.65 (2.52%)

10:30
12/12/17
12/12
10:30
12/12/17
10:30
Options
Electronic Arts attracts a bullish option play »

Electronic Arts attracts…

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03/08/13
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03/06/13
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03/06/13
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  • 30

    Jan

10:30
12/12/17
12/12
10:30
12/12/17
10:30
General news
Euro$ interest rate futures are lower »

Euro$ interest rate…

IPGP

IPG Photonics

$206.65

1.39 (0.68%)

10:29
12/12/17
12/12
10:29
12/12/17
10:29
Conference/Events
IPG Photonics management to meet with Oppenheimer »

Meeting to be held in…

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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 12

    Dec

EVI

EnviroStar

$31.45

0.85 (2.78%)

10:25
12/12/17
12/12
10:25
12/12/17
10:25
Hot Stocks
EnviroStar declares 12c per share special cash dividend »

EnviroStar announced that…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 12

    Dec

KMT

Kennametal

$45.81

-0.15 (-0.33%)

10:25
12/12/17
12/12
10:25
12/12/17
10:25
Conference/Events
Kennametal to host investor day »

Investor Day to be held…

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03/08/13
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03/06/13
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03/06/13
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  • 12

    Dec

RPD

Rapid7

$18.77

0.03 (0.16%)

10:24
12/12/17
12/12
10:24
12/12/17
10:24
Conference/Events
Rapid7 to host analyst day »

Analyst Day to be held in…

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03/06/13
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03/06/13
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  • 12

    Dec

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