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STI

SunTrust

$65.91

0.05 (0.08%)

07:48
01/08/18
01/08
07:48
01/08/18
07:48

SunTrust upgraded to Overweight on mobile banking adoption at Morgan Stanley

As previously reported, Morgan Stanley analyst Betsy Graseck upgraded SunTrust to Overweight from Equal Weight, calling it the biggest beneficiary of rising mobile banking adoption among larger banks. Consumers are increasingly comfortable banking from their smartphones and by 2022 mobile apps will be the battleground for banks, Graseck tells investors. SunTrust, which has a strong mobile banking app with a higher rating and more features than peers, could reduce its branch count by 13% over the next five years as it leverages the mobile trend, contends Graseck, who raised her 2019 EPS estimates by a median 2% across the big banks and increased her price target on SunTrust shares to $71 from $68.

  • 19

    Jan

STI SunTrust
$65.91

0.05 (0.08%)

12/21/17
WEDB
12/21/17
DOWNGRADE
Target $71
WEDB
Neutral
SunTrust downgraded to Neutral on valuation at Wedbush
Wedbush analyst Peter Winter downgraded SunTrust to Neutral from Outperform based solely on valuation with the shares up 19% year-to-date. The analyst raised his price target for the shares to $71 from $63.
12/21/17
12/21/17
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. PG&E (PCG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Shelby Tucker stating that the company's "unexpected" decision to suspend its dividend suggests greater risk than he had assumed regarding the regulatory treatment of the California wildfires in October. 2. ConocoPhillips (COP) downgraded to Outperform from Focus List at Scotia Howard Weil. 3. Axovant Sciences (AXON) downgraded to Hold from Buy at Jefferies with analyst Michael Yee saying the company needs "more interesting" in-licensed compounds to renew investor interest in 2018 and to demonstrate the new CEO can drive shareholder value. 4. Lazard (LAZ) downgraded to Neutral from Buy at Buckingham with analyst James Mitchell saying he sees little operating leverage from the tax rate cut and said weakening restructuring revenues will be a drag on growth. 5. SunTrust (STI) downgraded to Neutral from Outperform at Wedbush with analyst Peter Winter citing valuation with the shares up 19% year-to-date. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/18
GSCO
01/04/18
DOWNGRADE
GSCO
Buy
SunTrust downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Ryan Nash removed SunTrust (STI) from his firm's Conviction List but he keeps a Buy rating on the shares. The analyst upped his price target for the stock to $74 from $65. SunTrust does not have as much leverage to tax reform, higher short-term interest rates and deregulation as some of its peers, Nash tells investors in a research note. The analyst's top picks for 2018 are Capital One (COF), Ally Financial (ALLY), Comerica (CMA), Regions Financial (RF), KeyCorp (KEY) and Citizens Financial (CFG).
01/08/18
MSCO
01/08/18
UPGRADE
MSCO
Overweight
SunTrust upgraded to Overweight from Equal Weight at Morgan Stanley

TODAY'S FREE FLY STORIES

TRNC

tronc

$19.53

0.3 (1.56%)

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RKDA

Arcadia Biosciences

$0.27

0.0285 (11.88%)

16:25
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Conference/Events
Arcadia Biosciences to host special shareholder meeting »

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    Jan

FB

Facebook

$181.29

1.49 (0.83%)

16:23
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Facebook provides update on trusted sources initiative »

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MS

Morgan Stanley

$57.46

1.62 (2.90%)

, APO

Apollo Global

$34.74

-0.33 (-0.94%)

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MS

Morgan Stanley

$57.46

1.62 (2.90%)

APO

Apollo Global

$34.74

-0.33 (-0.94%)

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  • 19

    Jan

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HBNC

Horizon Bancorp

$28.49

0.37 (1.32%)

16:19
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Syndicate
Breaking Syndicate news story on Horizon Bancorp »

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SANM

Sanmina

$35.45

0.5 (1.43%)

16:18
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SANM

Sanmina

$35.45

0.5 (1.43%)

16:17
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Hot Stocks
Sanmina adopts consolidated restructuring plan »

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IBM

IBM

$162.37

-6.75 (-3.99%)

, AXP

American Express

$98.03

-1.83 (-1.83%)

16:17
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General news
On The Fly: Top stock stories for Friday »

Stocks were mixed for…

IBM

IBM

$162.37

-6.75 (-3.99%)

AXP

American Express

$98.03

-1.83 (-1.83%)

GE

General Electric

$16.26

-0.51 (-3.04%)

FB

Facebook

$181.29

1.49 (0.83%)

NCNA

NuCana

$20.51

6.02 (41.55%)

ACOR

Acorda Therapeutics

$27.20

2.2 (8.80%)

BIIB

Biogen

$342.41

-2.03 (-0.59%)

IPHI

Inphi

$32.07

-3.33 (-9.41%)

MKC

McCormick

$99.19

-3.72 (-3.61%)

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  • 19

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    Feb

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    Feb

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    Mar

$NSD

NASDAQ Market Internals

16:17
01/19/18
01/19
16:17
01/19/18
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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$NYE

NYSE Market Internals

16:16
01/19/18
01/19
16:16
01/19/18
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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ENDP

Endo

$7.11

-0.24 (-3.27%)

, CVS

CVS Health

$79.85

0.5 (0.63%)

16:15
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01/19
16:15
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16:15
Periodicals
Delaware files lawsuit against opioid manufacturers, distributors, Reuters says »

Delaware has become the…

ENDP

Endo

$7.11

-0.24 (-3.27%)

CVS

CVS Health

$79.85

0.5 (0.63%)

WBA

Walgreens Boots Alliance

$76.47

0.47 (0.62%)

MCK

McKesson

$170.33

-1.45 (-0.84%)

CAH

Cardinal Health

$71.90

0.19 (0.26%)

ABC

AmerisourceBergen

$100.01

-0.85 (-0.84%)

03/08/13
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  • 01

    Feb

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    Feb

ITI

Iteris

$7.49

0.03 (0.40%)

16:12
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Neil Subin sells $748K in Iteris shares »

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  • 26

    Feb

SANM

Sanmina

$35.45

0.5 (1.43%)

16:11
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01/19
16:11
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16:11
Earnings
Sanmina sees Q2 adjusted EPS 40c-50c, consensus 70c »

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SANM

Sanmina

$35.45

0.5 (1.43%)

16:09
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Earnings
Sanmina reports Q1 preliminary adjusted EPS 48c, consensus 71c »

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LMT

Lockheed Martin

$332.26

-0.74 (-0.22%)

16:07
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Breaking Periodicals news story on Lockheed Martin »

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  • 21

    Feb

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CPLA

Capella Education

$80.50

0.7 (0.88%)

, STRA

Strayer

$93.08

0.9 (0.98%)

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Hot Stocks
Capella Education shareholders approve proposed merger with Strayer »

Capella Education (CPLA)…

CPLA

Capella Education

$80.50

0.7 (0.88%)

STRA

Strayer

$93.08

0.9 (0.98%)

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  • 19

    Jan

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    Jan

ADM

Archer Daniels

$40.61

0.13 (0.32%)

, BG

Bunge

$69.78

0.14 (0.20%)

16:03
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Periodicals
Archer Daniels made takeover approach to Bunge, WSJ says »

Archer Daniels Midland…

ADM

Archer Daniels

$40.61

0.13 (0.32%)

BG

Bunge

$69.78

0.14 (0.20%)

GLNCY

Glencore

$11.29

-0.02 (-0.18%)

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  • 06

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C

Citi

$78.16

0.77 (0.99%)

16:01
01/19/18
01/19
16:01
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16:01
Conference/Events
Citigroup to hold a conference call »

CFO Gerspach and…

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  • 19

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GOLF

Acushnet Holdings

$21.50

0.65 (3.12%)

16:01
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Hot Stocks
Acushnet Holdings acquires Linkgs & Kings, terms not disclosed »

Acushnet Holdings…

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BG

Bunge

$69.79

0.145 (0.21%)

, ADM

Archer Daniels

$40.66

0.18 (0.44%)

15:58
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15:58
Hot Stocks
Breaking Hot Stocks news story on Bunge, Archer Daniels »

Bunge jumps 10% after…

BG

Bunge

$69.79

0.145 (0.21%)

ADM

Archer Daniels

$40.66

0.18 (0.44%)

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  • 06

    Feb

  • 14

    Feb

BG

Bunge

$69.76

0.12 (0.17%)

, ADM

Archer Daniels

$40.66

0.18 (0.44%)

15:57
01/19/18
01/19
15:57
01/19/18
15:57
Periodicals
Breaking Periodicals news story on Bunge, Archer Daniels »

Archer Daniels made…

BG

Bunge

$69.76

0.12 (0.17%)

ADM

Archer Daniels

$40.66

0.18 (0.44%)

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  • 06

    Feb

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HGT

Hugoton Royalty Trust

15:57
01/19/18
01/19
15:57
01/19/18
15:57
Hot Stocks
Breaking Hot Stocks news story on Hugoton Royalty Trust »

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CMCSA

Comcast

$41.85

0.17 (0.41%)

15:50
01/19/18
01/19
15:50
01/19/18
15:50
Options
Bullish option play in Comcast ahead of earnings next week »

Bullish option play in…

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  • 24

    Jan

SLB

Schlumberger

$76.33

-0.0384 (-0.05%)

15:35
01/19/18
01/19
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15:35
Recommendations
Schlumberger analyst commentary  »

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  • 19

    Jan

HGT

Hugoton Royalty Trust

15:35
01/19/18
01/19
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Hot Stocks
Breaking Hot Stocks news story on Hugoton Royalty Trust »

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