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STT

State Street

$100.99

-0.79 (-0.78%)

, AET

Aetna

$177.82

0.44 (0.25%)

12:47
02/13/18
02/13
12:47
02/13/18
12:47

State Street reports 6.08% passive stake in Aetna

In a regulatory filing, State Street (STT) disclosed a 6.08% stake in Aetna (AET), representing, 19,846,557 shares. The filing does not allow for activism.

STT

State Street

$100.99

-0.79 (-0.78%)

AET

Aetna

$177.82

0.44 (0.25%)

  • 13

    Feb

  • 30

    May

STT State Street
$100.99

-0.79 (-0.78%)

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.
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.
12/12/17
KBWI
12/12/17
UPGRADE
Target $110
KBWI
Outperform
State Street upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl upgraded State Street to Outperform and raised his price target for the shares to $110 from $94.
10/24/17
RBCM
10/24/17
NO CHANGE
Target $104
RBCM
Sector Perform
State Street price target raised to $104 from $95 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on State Street to $104 following Q3 earnings. Cassidy notes the results featured higher operating revenues, better than expected noninterest income, and strong capital position with 11.3% Tier 1 common ratio. The analyst maintains a Sector Perform rating on State Street, citing in part the headwinds from stronger USD weakening the company's servicing revenues.
AET Aetna
$177.82

0.44 (0.25%)

02/01/18
02/01/18
DOWNGRADE
Target $69

Underperform
Express Scripts downgraded to Underperform at Bernstein
As previously reported, Bernstein analyst Lance Wilkes downgraded Express Scripts to Underperform from Market Perform, with a $69 price target, as he believes tax reform is fully price in and his original concerns on the standalone PBM model remain. Further, the analyst sees additional risks from a potential CVS (CVS)/Aetna (AET) merger and Amazon (AMZN) threats.
01/31/18
FBCO
01/31/18
NO CHANGE
Target $208
FBCO
Neutral
Aetna price target raised to $208 from $200 at Credit Suisse
Credit Suisse analyst A.J. Rice raised his price target for Aetna to $208 from $200, citing on track operationally. However, the analyst is cautious on sustainability of tax benefit. He reiterates a Neutral rating on the shares.
01/31/18
RBCM
01/31/18
UPGRADE
Target $98
RBCM
Outperform
Express Scripts upgraded to Outperform at RBC Capital
As reported earlier, RBC Capital analyst George Hill upgraded Express Scripts (ESRX) to Outperform and raised his price target to $98 from $68. Hill cites the "recent sharp pullback on Amazon's (AMZN) healthcare entry" de-risking the stock, while also pointing to the trend of vertical integration as seen in the CVS (CVS)-Aetna (AET) deal. The analyst believes Express Scripts could also become an attractive M&A target as "one of the few remaining assets at scale".
01/31/18
PIPR
01/31/18
NO CHANGE
Target $212
PIPR
Overweight
Piper sees buying opportunity in Aetna after yesterday's pullback
Piper Jaffray analyst Sarah James sees a buying opportunity in Aetna (AET) following yesterday's 3% pullback on the Amazon (AMZN), Berkshire (BRK.A) and JPMorgan (JPM) news. The company yesterday morning posted a solid earnings beat driven by strong cost trend management in the government and commercial businesses, James tells investors in a research note. She raised her price target for Aetna shares to $212 from $207 and keeps an Overweight rating on the name. CVS Health's (CVS) takeout offer now values the shares at $212, up from $207 previously, based on 0.8378 shares of CVS stock plus $145 per share in cash, James points out. The analyst sees a "win-win" setup for the stock based on the deal going through or the company remaining standalone.

TODAY'S FREE FLY STORIES

HMSY

HMS Holdings

$15.32

-0.06 (-0.39%)

09:06
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AABA

Altaba

$75.52

0.41 (0.55%)

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  • 27

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    Feb

AMZN

Amazon.com

$1,485.34

2.42 (0.16%)

09:05
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  • 26

    Feb

  • 18

    Mar

GTLS

Chart Industries

$55.85

6.14 (12.35%)

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  • 14

    Mar

PFE

Pfizer

$35.74

-0.02 (-0.06%)

09:04
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  • 08

    Mar

  • 04

    Apr

KZIA

Kazia Therapeutics

$4.99

0.43 (9.43%)

09:04
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Kazia Therapeutics confirms FDA Orphan Designation for GDC-0084 »

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ACIA

Acacia Communications

$41.84

-1.6 (-3.68%)

09:03
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09:03
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Acacia Communications analyst commentary  »

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  • 26

    Feb

  • 13

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    Mar

CLIR

ClearSign Combustion

$2.35

-0.2 (-7.84%)

09:02
02/23/18
02/23
09:02
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09:02
Syndicate
ClearSign Combustion 5M share Spot Secondary priced at $2.26 »

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  • 23

    Feb

GE

General Electric

$14.50

0.13 (0.90%)

09:02
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02/23
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09:02
Hot Stocks
General Electric signs $1B framework agreement in Ukraine »

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QVCA

QVC Group

$28.23

0.07 (0.25%)

09:02
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02/23
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09:02
Hot Stocks
QVC Group says CFO Ted Jastrzebski to step down, new CFO search launched »

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  • 07

    Mar

REI

Ring Energy

$14.82

-0.77 (-4.94%)

09:01
02/23/18
02/23
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09:01
Syndicate
Ring Energy 53.6M share Spot Secondary priced at $14.00 »

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03/08/13
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  • 23

    Feb

FDX

FedEx

$245.43

2.13 (0.88%)

09:00
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02/23
09:00
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09:00
Upgrade
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  • 20

    Mar

W

Wayfair

$73.95

-21.74 (-22.72%)

09:00
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FSNN

Fusion Telecommunications

$2.85

0.05 (1.79%)

08:59
02/23/18
02/23
08:59
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08:59
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  • 23

    May

DLPH

Delphi Technologies

$50.15

0.11 (0.22%)

08:58
02/23/18
02/23
08:58
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08:58
Conference/Events
Delphi Technologies management to meet with RBC Capital »

Group Luncheon Meeting…

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  • 27

    Feb

  • 27

    Feb

  • 26

    Apr

DLPH

Delphi Technologies

$50.15

0.11 (0.22%)

08:57
02/23/18
02/23
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08:57
Conference/Events
Delphi Technologies management to meet with RBC Capital »

Group Breakfast Meeting…

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  • 27

    Feb

  • 27

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  • 26

    Apr

TVTY

Tivity Health

08:56
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SSTK

Shutterstock

$46.35

1.77 (3.97%)

08:55
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  • 05

    Mar

GE

General Electric

$14.50

0.13 (0.90%)

, BAC

Bank of America

$31.69

-0.18 (-0.56%)

08:55
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Options
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GE

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$14.50

0.13 (0.90%)

BAC

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$31.69

-0.18 (-0.56%)

AMD

AMD

$11.84

0.12 (1.02%)

ILG

ILG

$32.28

-0.03 (-0.09%)

03/08/13
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  • 23

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  • 25

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  • 15

    Mar

SLCA

U.S. Silica

08:55
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  • 30

    May

08:55
02/23/18
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Conference/Events
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VOYA

Voya Financial

$50.71

0.19 (0.38%)

08:54
02/23/18
02/23
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08:54
Conference/Events
Voya Financial management to meet with RBC Capital »

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HSC

Harsco

$19.60

2.85 (17.01%)

08:53
02/23/18
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  • 26

    Feb

FARO

FARO Technologies

$60.25

6.25 (11.57%)

08:51
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  • 06

    Mar

  • 07

    Mar

  • 08

    Mar

ZBRA

Zebra Technologies

$135.24

14.89 (12.37%)

08:50
02/23/18
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  • 26

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