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BK

BNY Mellon

$55.35

-2.54 (-4.39%)

18:39
01/18/18
01/18
18:39
01/18/18
18:39

BNY Mellon to boost wages for 1,000 workers after tax reform, WSJ says

Bank of New York Mellon executives said that almost all of this year's benefits from the new U.S. tax law will go to technology improvements and its workers instead of investors, the Wall Street Journal reports. Such moves include a raise in the minimum wage to $15 an hour beginning March 1 largely for employees who work int he company's operations business, the report says. The wage hike will affect roughly 1,000 of the bank's 52,500 workers, the report says. Reference Link

  • 18

    Jan

  • 08

    Mar

BK BNY Mellon
$55.35

-2.54 (-4.39%)

10/20/17
GSCO
10/20/17
DOWNGRADE
Target $58
GSCO
Buy
BNY Mellon downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman analyst Alexander Blostein removed BNY Mellon from the Conviction Buy List following the Q3 report. The analyst has a modestly lower revenue outlook for 2018 due to both slower NIR and fee growth in the quarter but remains above consensus. Blostein views risk/reward as attractive and maintains a Buy rating and $58 price target on BNY Mellon shares.
01/10/18
SBSH
01/10/18
UPGRADE
Target $66
SBSH
Buy
BNY Mellon upgraded to Buy from Neutral at Citi
Citi analyst Keith Horowitz upgraded BNY Mellon to Buy and raised his price target for the shares to $66 from $59. The analyst thinks the trust banks are the best way to play the digital transformation to the cloud. The analyst finds the current valuation as attractive.
01/10/18
SBSH
01/10/18
UPGRADE
Target $115
SBSH
Buy
State Street upgraded to Buy from Neutral at Citi
Citi analyst Keith Horowitz upgraded State Street (STT) to Buy and raised his price target for the shares to $115 from $105. The analyst thinks the trust banks are the best way to play the digital transformation to the cloud and finds the current valuation as attractive. Horowitz also upgraded BNY Mellon (BK) this morning citing a similar rationale.
01/10/18
01/10/18
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. Wells Fargo (WFC) upgraded to Neutral from Underweight at Atlantic Equities by analyst John Heagerty, as his analysis leads him to increase his FY18 EPS view by 11% on average for the banks he covers. He also sees positive secondary effects for the banks from higher U.S. GDP growth. Heagerty raised his price target on Wells Fargo shares to $64 from $55. The analyst also upgraded Morgan Stanley (MS) to Overweight this morning, citing the same analysis of the potential benefits from tax reform. 2. Deere upgraded to Outperform from Sector Perform at RBC Capital by analyst Seth Weber, who said he is positive on the company's leadership position in North American farm machinery which is stabilizing and exposure to the earth moving equipment category. The analyst is also constructive on Deere's recent Wirten Group acquisition. 3. Target (TGT) upgraded to Positive from Neutral at Susquehanna. 4. State Street (STT) and BNY Mellon (BK) upgraded to Buy from Neutral at Citi, with analyst Keith Horowitz saying he thinks the trust banks are the best way to play the digital transformation to the cloud and finds the current valuation as attractive. 5. RBS (RBS) upgraded to Overweight from Equal Weight at Morgan Stanley. Analyst Alvaro Serrano also downgraded Barclays (BCS) and Lloyds Banking (LYG). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

XLF

Financial Select Sector

$27.49

0.04 (0.15%)

08:17
07/18/18
07/18
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07/18/18
08:17
Technical Analysis
Financial Select Sector: Pivot points »

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SMH

Market Vectors Semiconductor

$106.04

1.39 (1.33%)

08:16
07/18/18
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Technical Analysis
Market Vectors Semiconductor: Pivot points »

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EXR

Extra Space Storage

$94.67

-2.05 (-2.12%)

08:16
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07/18
08:16
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08:16
Downgrade
Extra Space Storage rating change  »

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  • 01

    Aug

QQQ

Invesco QQQ Trust

$180.29

1.11 (0.62%)

08:16
07/18/18
07/18
08:16
07/18/18
08:16
Technical Analysis
Invesco QQQ Trust: Pivot points »

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$COMP

Nasdaq Composite

$0.00

(0.00%)

08:16
07/18/18
07/18
08:16
07/18/18
08:16
Technical Analysis
Nasdaq Composite: Pivot points »

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NDX

Nasdaq 100 Index

$0.00

(0.00%)

08:16
07/18/18
07/18
08:16
07/18/18
08:16
Technical Analysis
Nasdaq 100 Index: Pivot points »

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08:15
07/18/18
07/18
08:15
07/18/18
08:15
General news
U.S. housing starts preview: »

U.S. housing starts…

08:15
07/18/18
07/18
08:15
07/18/18
08:15
General news
Housing Starts Permits to be reported at 08:30 »

June Housing Starts…

08:15
07/18/18
07/18
08:15
07/18/18
08:15
General news
Housing Starts to be reported at 08:30 »

June Housing Starts will…

MGM

MGM Resorts

$31.25

0.13 (0.42%)

08:14
07/18/18
07/18
08:14
07/18/18
08:14
Periodicals
MGM Resorts sues 1,000 victims of Las Vegas shooting, NY Times reports »

MGM Resorts International…

03/08/13
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  • 02

    Aug

BAESY

BAE Systems

$0.00

(0.00%)

, LMT

Lockheed Martin

$317.38

-1.75 (-0.55%)

08:14
07/18/18
07/18
08:14
07/18/18
08:14
Hot Stocks
Lockheed Martin selects BAE Systems to provide flight controls for F-16s for UAE »

BAE Systems (BAESY) has…

BAESY

BAE Systems

$0.00

(0.00%)

LMT

Lockheed Martin

$317.38

-1.75 (-0.55%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 24

    Jul

INGR

Ingredion

$97.22

-0.78 (-0.80%)

08:13
07/18/18
07/18
08:13
07/18/18
08:13
Downgrade
Ingredion rating change  »

Ingredion downgraded to…

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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  • 02

    Aug

CRON

Cronos Group

$6.91

0.18 (2.67%)

08:12
07/18/18
07/18
08:12
07/18/18
08:12
Hot Stocks
Cronos Group enters joint venture to expand cannabis production in Ontario »

Cronos Group has entered…

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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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  • 14

    Aug

WAFD

Washington Federal

$32.90

-0.25 (-0.75%)

, ANCB

Anchor Bancorp

$28.50

0.3 (1.06%)

08:11
07/18/18
07/18
08:11
07/18/18
08:11
Hot Stocks
Washington Federal, Anchor Bancorp terminate merger agreement »

Washington Federal (WAFD)…

WAFD

Washington Federal

$32.90

-0.25 (-0.75%)

ANCB

Anchor Bancorp

$28.50

0.3 (1.06%)

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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  • 07

    Nov

AGS

PlayAGS

$27.94

-0.54 (-1.90%)

08:11
07/18/18
07/18
08:11
07/18/18
08:11
Recommendations
PlayAGS analyst commentary  »

PlayAGS price target…

03/08/13
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03/08/13
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  • 02

    Aug

  • 19

    Sep

CACI

CACI

$179.00

0.9 (0.51%)

08:09
07/18/18
07/18
08:09
07/18/18
08:09
Hot Stocks
CACI awarded task order with $122M ceiling by GSA »

CACI announced that it…

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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G

Genpact

$30.11

0.21 (0.70%)

08:08
07/18/18
07/18
08:08
07/18/18
08:08
Hot Stocks
Genpact to acquire Barkawi Management Consultants, terms not disclosed »

Genpact has signed a…

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03/06/13
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  • 30

    Jul

  • 07

    Aug

EXAS

Exact Sciences

08:08
07/18/18
07/18
08:08
07/18/18
08:08
Recommendations
Exact Sciences analyst commentary  »

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  • 18

    Jul

  • 26

    Jul

  • 26

    Jul

  • 01

    Aug

  • 02

    Aug

NTLA

Intellia Therapeutics

$31.35

1.98 (6.74%)

, EDIT

Editas Medicine

$36.46

1.31 (3.73%)

08:08
07/18/18
07/18
08:08
07/18/18
08:08
Recommendations
Intellia Therapeutics, Editas Medicine, Crispr Therapeutics analyst commentary  »

Study in Nature Biotech…

NTLA

Intellia Therapeutics

$31.35

1.98 (6.74%)

EDIT

Editas Medicine

$36.46

1.31 (3.73%)

CRSP

Crispr Therapeutics

$61.98

1.95 (3.25%)

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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ACC

American Campus

$42.54

-0.28 (-0.65%)

08:08
07/18/18
07/18
08:08
07/18/18
08:08
Downgrade
American Campus rating change  »

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  • 24

    Jul

BA

Boeing

$356.95

0.94 (0.26%)

08:08
07/18/18
07/18
08:08
07/18/18
08:08
Hot Stocks
Boeing subsidiary granted maintenance contract by Romanian Air Force »

Boeing subsidiary…

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  • 25

    Jul

PERY

Perry Ellis

$28.32

0.06 (0.21%)

08:08
07/18/18
07/18
08:08
07/18/18
08:08
Hot Stocks
Perry Ellis special committee reiterates commitment to Feldenkreis transaction »

The special committee of…

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ATOS

Atossa Genetics

$2.47

-0.1 (-3.89%)

08:06
07/18/18
07/18
08:06
07/18/18
08:06
Hot Stocks
Atossa Genetics announces intraductal microcatheter immunotherapy program »

Atossa Genetics …

03/08/13
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03/06/13
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MAR

Marriott

$130.45

-0.34 (-0.26%)

08:06
07/18/18
07/18
08:06
07/18/18
08:06
Hot Stocks
Marriott removing plastic straws worldwide by July 2019 »

Marriott has adopted a…

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  • 07

    Aug

NVEE

NV5 Global

$72.85

0.85 (1.18%)

08:05
07/18/18
07/18
08:05
07/18/18
08:05
Hot Stocks
NV5 Global announces additional commissioning task order for U.S. Embassy »

NV5 Global 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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  • 02

    Aug

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