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PYPL

PayPal

$73.62

0.33 (0.45%)

, VNTV

Symbol changed to WP

$74.79

0.17 (0.23%)

07:42
12/13/17
12/13
07:42
12/13/17
07:42

Wedbush bullish on PayPal, Vantiv into 2018

Assuming no major changes in economic activity in 2018, Wedbush analyst Moshe Katri believes the FinTech sector is well positioned for strong financial performance, specifically, companies operating in the payments ecosystem. The analyst remains neutral on companies providing payroll processing solutions namely ADP (ADP) and Paychex (PAYX), reflecting a combination of maturing end markets, lackluster growth rates and fair valuations. Katri notes that the most significant factor potentially impacting his positive thesis on the space could be Amazon's (AMZN) emerging payments strategy. His top payments names include PayPal (PYPL) and Vantiv (VNTV).

PYPL

PayPal

$73.62

0.33 (0.45%)

VNTV

Symbol changed to WP

$74.79

0.17 (0.23%)

ADP

ADP

$117.05

-0.77 (-0.65%)

PAYX

Paychex

$68.71

-0.31 (-0.45%)

AMZN

Amazon.com

$1,165.08

-3.84 (-0.33%)

  • 19

    Dec

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    Dec

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    Jan

  • 18

    Mar

PYPL PayPal
$73.62

0.33 (0.45%)

12/13/17
NOMU
12/13/17
NO CHANGE
Target $82
NOMU
Buy
PayPal target raised to $82 on buyback capacity at Nomura Instinet
Nomura Instinet analyst Bill Carcache raised his price target for PayPal to $82 from $79 on expectations of greater buyback capacity. PayPal has the capacity to fund organic and inorganic growth as well as buybacks, particularly with $7B of liquidity on hand at Q3 and another $13B at its disposal, Carcache tells investors in a research note. He raised his estimates for the company and keeps a Buy rating on the shares.
12/13/17
BMOC
12/13/17
NO CHANGE
Target $85
BMOC
Outperform
PayPal price target raised to $85 from $80 at BMO Capital
BMO Capital analyst Paulo Ribeiro raised his price target on PayPal to $85, modeling lower dilution and more cash from the sale of its U.S. consumer credit receivables portfolio announced last month. Ribeiro says the savings from operating expense are also "central to limiting the negative bottom line impact" from the deal. The analyst keeps his Outperform rating on PayPal.
12/05/17
FBCO
12/05/17
NO CHANGE
Target $85
FBCO
Outperform
Apple Pay Cash, Samsung Pay not meaningful threats to PayPal, says Credit Suisse
Credit Suisse analyst Paul Condra notes that in addition to Apple (AAPL) rolling out Apple Pay Cash, Samsung (SSNLF) recently filed a patent to introduce a social payment feature to Samsung Pay. While the analyst does not see these as "meaningful threats" to PayPal (PYPL), which has first-mover advantage, he believes the more important takeaway is validation of the social payments model pioneered by Venmo and the expanding ways in which internet companies are integrating payments to bolster the functionality of their platforms. He reiterates an Outperform rating and $85 price target on PayPal's shares.
12/01/17
BOFA
12/01/17
NO CHANGE
Target $88
BOFA
Buy
PayPal price target raised to $88 from $80 at BofA/Merrill
BofA/Merrill analyst Jason Kupferberg said PayPal's (PYPL) sale of the credit portfolio to Synchrony (SYF) will drive capital deployment and is expected to be minimally dilutive to earnings, which was a surprise. As a result, the analyst raised PayPal's price target to $88 from $80 and reiterated a Buy rating saying the deal removes an overhang and de-risks the balance sheet.
VNTV Symbol changed to WP
$74.79

0.17 (0.23%)

12/08/17
BUCK
12/08/17
UPGRADE
Target $90
BUCK
Buy
Vantiv upgraded to Buy from Neutral at Buckingham
12/08/17
12/08/17
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. Ingersoll-Rand (IR) upgraded to Buy from Neutral at Goldman Sachs with analyst Joseph Ritchie saying the stock is his favorite value idea for 2018. 2. Boston Scientific (BSX) upgraded to Strong Buy from Buy at Needham analyst Mike Matson citing the company's strong product cycle potential to outperform its peers, runway for more margin expansion, conservative consensus views for fiscal 2018, and potential for even more significant upside from the Lotus Edge program being revived. 3. TravelCenters (TA) upgraded to Neutral from Sell at Citi with analyst Alvin Concepcion citing valuation with the shares down 18% since early October. 4. Vantiv (VNTV) upgraded to Buy from Neutral at Buckingham with analyst Christopher Brendler citing reduced expectations following the third quarter results. 5. Perrigo (PRGO) upgraded to Buy from Hold at Argus with analyst Jasper Hellweg citing reflecting improving results, a promising pipeline, efforts to pay down debt, and valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/08/17
BUCK
12/08/17
UPGRADE
Target $90
BUCK
Buy
Vantiv upgraded to Buy on 2019 setup at Buckingham
Buckingham analyst Christopher Brendler upgraded Vantiv to Buy and raised its price target to $90 from $77 due to reduced expectations following Q3 results. The analyst is concerned about 2018 Worldpay dilution but thinks investors are looking towards 2019 upside and believes Vantiv will become the merchant acquirer to own over the course of 2018.
12/04/17
KEYB
12/04/17
NO CHANGE
Target $85
KEYB
Overweight
Vantiv price target raised to $85 from $80 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for Vantiv to $85 from $80 saying the proxy docs highlighted "high confidence" in cost synergies and compelling examples regarding initial synergy outperformance, multiple revenue synergy categories and timing, and an expected mid-January close. The analyst reiterates an Overweight rating on the shares.
ADP ADP
$117.05

-0.77 (-0.65%)

11/14/17
MSCO
11/14/17
UPGRADE
Target $114
MSCO
Equal Weight
ADP resumed at Equal Weight, up from Underweight, at Morgan Stanley
Morgan Stanley analyst Danyal Hussain resumed coverage of ADP with an Equal Weight rating and $114 price target, up from the Underweight rating and $100 price target the firm had before it went to restricted on the stock. Following its recent proxy victory, Hussain expects ADP to execute with a greater sense of urgency, but there is still "more work to do" and the proxy fight has put a spotlight on some concerns on which investors will remain focused, including margins and potential share losses, he tells investors.
11/14/17
11/14/17
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. Coca-Cola (KO) upgraded to Outperform from Market Perform at Wells Fargo with analyst Bonnie Herzog saying the shares should be a core holding in 2018 and beyond. 2. Deutsche Bank (DB) upgraded to Buy from Hold at HSBC with analyst Alevizos Alevizakos saying the current valuation seemingly ignores the upside inherent in the bank's improved capital position. 3. Famous Dave's (DAVE) upgraded to Buy from Hold at Craig-Hallum with analyst Alex Fuhrman citing the third quarter results beat, refranchising efforts progressing well and further G&A reductions targeted. 4. ADP (ADP) resumed at Equal Weight, up from Underweight, at Morgan Stanley with analyst Danyal Hussain saying he expects ADP to execute with a greater sense of urgency, but there is still "more work to do" and the proxy fight has put a spotlight on some concerns on which investors will remain focused, including margins and potential share losses, he tells investors. 5. Phoenix New Media (FENG) upgraded to Outperform from Neutral at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/05/17
BOFA
12/05/17
UPGRADE
Target $131
BOFA
Buy
ADP upgraded to Buy on improved risk/reward at BofA/Merrill
BofA/Merrill analyst Jason Kupferberg upgraded ADP to Buy from Neutral and raised its price target to $131 from $116 based on improved risk/reward. Kupferberg expects an acceleration in second half 2018 operating metrics driven by increased sales force productivity and year-over-year comps, which will likely result in F19/20 P&L growth. The analyst believes the past quarter will prove to be a trough and anticipates operating margin expansion in the second half.
12/11/17
GSCO
12/11/17
UPGRADE
Target $135
GSCO
Buy
ADP upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst James Schneider upgraded ADP (ADP) to Buy and raised his price target for the shares to $135 from $112. The stock closed Friday up 14c to $116.02. The analyst thinks the Street underestimates the company's margin expansion potential. He also expects its client retention to improve. Schneider calls ADP his top contrarian pick in Payments and IT Services for 2018. The analyst's top value pick is DXC Technology (DXC). His top "laggards picks" are FleetCor (FLT) and Wex (WEX). And his top large cap growth picks for 2018 are Visa (V) and MasterCard (MA).
PAYX Paychex
$68.71

-0.31 (-0.45%)

12/04/17
SBSH
12/04/17
UPGRADE
SBSH
Neutral
Paychex upgraded to Neutral from Sell at Citi
Citi analyst Ashwin Shirvaikar upgraded Paychex to Neutral and raised its price target to $67 from $57 given the higher probability of tax reform and the positive impact on cash flow.
10/02/17
SBSH
10/02/17
NO CHANGE
Target $53
SBSH
Sell
Paychex shares remain overvalued, says Citi
Citi analyst Ashwin Shirvaikar says shares of Paychex remain overvalued into the company's Q1 results on Tuesday, October 3. This should be Paychex's weakest quarter for the year due to a tough comp and continued macro and regulatory uncertainty, Shirvaikar tells investors in a pre-earnings research note. He keeps a Sell rating on the shares with a $53 price target.
08/16/17
08/16/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: Home Depot (HD) upgraded to Outperform from Market Perform at Raymond James with analyst Budd Bugatch saying the company continues to execute at a "world-class level." 2. Mylan (MYL) upgraded to Buy from Neutral at Citi with analyst Liav Abraham saying the company is best positioned to execute in a challenging operating environment for generics. 3. Biogen (BIIB) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Terence Flynn saying he continues to see optionality Aducanumab, its lead pipeline Alzheimer's drug. 4. Zions Bancorp (ZION) upgraded to Buy from Neutral at BofA/Merrill with analyst Erika Najarian saying she believes investors are discounting two catalysts for earnings upside including benefits from regulatory reform for regionals and continued improvement in expense management. 5. Paychex (PAYX) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Danyal Hussain saying expectations adequately capture downside risks and the valuation premium is the lowest since 2008. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/17
SBSH
10/04/17
NO CHANGE
Target $57
SBSH
Sell
Citi ups Paychex target, still recommends selling shares
Citi analyst Ashwin Shirvaikar raised his price target for Paychex to $57 from $53 following the company's Q1 results. The HROI acquisition as well as a lower tax rate help fiscal year 2018 estimates, Shirvaikar tells investors in a post-earnings research note. The analyst, however, still believes Paychex trades at "too high of a premium to the market." He recommends selling the stock at current levels and keeps a Sell rating on the name.
AMZN Amazon.com
$1,165.08

-3.84 (-0.33%)

12/12/17
COWN
12/12/17
NO CHANGE
Target $107
COWN
Outperform
Cowen calls AmerisourceBergen best idea for 2018, ups target to $107
Cowen analyst Charles Rhyee says AmerisourceBergen (ABC) is his best idea for 2018. The analyst raised his price target for the shares to $107 from $98 and keeps an Outperform rating on the name. AmerisourceBergen's differentiated pricing strategy will drive outperformance as its multiple expands, Rhyee tells investors in a research note. The analyst thinks investors will realize that the potential threat of Amazon.com (AMZN) is overblown. He also sees tax reform as likely providing substantial benefits to the company's earnings.
12/12/17
BERN
12/12/17
NO CHANGE
Target $100
BERN
Outperform
Survey shows continued momentum for Microsoft Azure, says Bernstein
Bernstein analyst Mark Moerdler says his firm's IT Hardware semi-annual CIO survey shows that Microsoft (MSFT) Azure continues to gain mindshare and momentum within enterprise IT departments, and that Azure's customer count could be equal to or more than Amazon (AMZN) Web Services among enterprise user, he adds. The analyst notes that the continued momentum fully supports his thesis regarding the Microsoft Commercial Cloud opportunity and should support Azure revenue growth of about 90%, if not faster, for multiple quarters to come. He reiterates an Outperform rating and $100 price target on Microsoft shares.
12/13/17
PIPR
12/13/17
NO CHANGE
Target $89
PIPR
Overweight
Piper says Amazon not taking share from Wayfair 'at this point'
Piper Jaffray analyst Peter Keith says his ongoing industry checks and updated Google Search trend analysis point to modest reacceleration of growth for the home furnishings industry and for Wayfair's (W) U.S. direct retail revenue in Q4. The analyst does not believe Amazon (AMZN) is taking share from Wayfair "at this point." Keith notes that he will continue to monitor Wayfair's advertising spend in the coming quarters. He believes the company's U.S.-only direct revenue growth is likely tracking at over 40% year-over-year. The analyst keeps an Overweight rating on Wayfair with an $89 price target.
12/13/17
STFL
12/13/17
INITIATION
Target $48
STFL
Buy
JD.com resumed with a Buy at Stifel
Stifel analyst Scott Devitt resumed coverage of JD.com (JD) with a Buy rating and a $48 price target, saying he views the company and Alibaba (BABA) as well-managed and well-positioned leaders in China that "have effectively shut Amazon out" of the e-commerce market in the region. Devitt predicts JD should triple its 2013 market share to about 18% share by year-end and that third-party can exceed 50% of JD's gross merchandise volume within the next several years.

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MYND

MYnd Analytics

$2.66

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AZO

AutoZone

$620.18

-45.5 (-6.84%)

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TJX

TJX

$87.50

2.84 (3.35%)

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RCII

Rent-A-Center

$10.07

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TJX

TJX

$86.77

2.11 (2.49%)

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TGT

Target

$76.39

-0.47 (-0.61%)

, AMZN

Amazon.com

$1,580.04

-5.51 (-0.35%)

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W

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ONCE

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$74.00

0.97 (1.33%)

, BMRN

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$85.77

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TJX

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$86.18

1.52 (1.80%)

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$NSD

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$NYE

NYSE Market Internals

$0.00

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TJX

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