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STT

State Street

$101.27

-0.51 (-0.50%)

, ADM

Archer Daniels

$41.34

0.07 (0.17%)

17:15
02/13/18
02/13
17:15
02/13/18
17:15

State Street reports 5.83% passive stake in Archer Daniels

STT

State Street

$101.27

-0.51 (-0.50%)

ADM

Archer Daniels

$41.34

0.07 (0.17%)

  • 13

    Feb

STT State Street
$101.27

-0.51 (-0.50%)

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.
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.
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.
ADM Archer Daniels
$41.34

0.07 (0.17%)

01/22/18
SBSH
01/22/18
NO CHANGE
SBSH
Citi sees $85-$100 per share as 'appropriate' deal price for Bunge
Citi analyst David Driscoll believes $85-$100 per share is an "appropriate" takeover price for Archer Daniels Midland (ADM) to pay for Bunge (BG). The Wall Street Journal on Friday reported that ADM has made a takeover approach towards Bunge. "Back of the envelope" deal math at the midpoint of the takeout range suggests accretion to ADM of 75c per share, 28% against a 2018 earnings per share of forecast of $2.70, Driscoll tells investors in a research note. He believes, however, that there could be some antitrust issues in ADM and Bunge's oilseed processing businesses in the U.S. and Europe. Antitrust hurdles in both countries are "likely high" for a possible combination, the analyst contends. Further, he believes that if ADM is unable to hold onto Bunge's North American and European crushing assets in a deal, the transaction would be less attractive.
01/22/18
FBCO
01/22/18
NO CHANGE
Target $84
FBCO
Outperform
Credit Suisse says Archer may be trying to push Bunge to negotiating table
Credit Suisse analyst Robert Moskow said that by making its interest public via a Wall Street Journal report, Archer Daniels (ADM) might be trying to get Bunge (BG) to the negotiating table before its standstill agreement with Glencore (GLNCY) expires in February. He has heard speculation that Archer might just want to make sure Glencore pays up, but Moskow believes this approach sound like more than just "friendly fire," he tells investors. Given Archer Daniels' unleveraged balance sheet and significant overlap with Bunge, the analyst estimates $800M of headline synergies and a $90 per share price for Bunge are possible. Moskow keeps an Outperform rating and $84 price target on Bunge shares, which are up about 4% to $80.45 near midday.
01/23/18
JPMS
01/23/18
NO CHANGE
JPMS
Underweight
Glencore better fit for Bunge than ADM, says JPMorgan
JPMorgan analyst Ann Duignan believes Bunge (BG) is a "superior strategic fit" for Glencore (GLNCY) and "clearly not in-line" with the strategic vision communicated by ADM (ADM) in recent years. The analyst has an Underweight rating on ADM shares and does not rate Bunge. The Wall Street Journal reported Friday that ADM made a takeover approach to Bunge. Dunigan does not believe Bunge's core assets would be easily separable without destroying value, and therefore does not think it would be possible for both ADM and Glencore to share the company. Further, ADM does not have the fire power to outbid Glencore and its partners, the analyst told investors yesterday in a research note.
02/07/18
SPHN
02/07/18
UPGRADE
Target $50
SPHN
Overweight
Archer Daniels upgraded to Overweight from Equal Weight at Stephens
Stephens analyst Farha Aslam upgraded Archer Daniels to Overweight from Equal Weight, as she sees the company being poised for an earnings recovery. Archer Daniels is cutting costs and improving operations while fundamentals in the soy crush and ethanol markets are showing early signs of a recovery, Aslam tells investors. She raised her price target on Archer Daniels shares to $50 from $42.

TODAY'S FREE FLY STORIES

BEDU

Bright Scholar

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0.34 (1.72%)

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SCHW

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KHC

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Berkshire Hathaway

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SWX

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$69.17

1.65 (2.44%)

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  • 01

    Mar

MS

Morgan Stanley

$56.07

1.21 (2.21%)

, AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

16:56
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$56.07

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AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

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  • 23

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HSBC

HSBC

$51.23

0.19 (0.37%)

16:49
02/23/18
02/23
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  • 01

    Mar

X

U.S. Steel

$43.52

0.54 (1.26%)

, AKS

AK Steel

$5.50

-0.12 (-2.14%)

16:48
02/23/18
02/23
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16:48
Periodicals
Breaking Periodicals news story on U.S. Steel, AK Steel »

Trump said to want 24%…

X

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$43.52

0.54 (1.26%)

AKS

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$5.50

-0.12 (-2.14%)

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PPL

PPL Corp.

$30.34

0.82 (2.78%)

16:36
02/23/18
02/23
16:36
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16:36
Syndicate
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  • 26

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L

Loews

$50.34

0.74 (1.49%)

16:33
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Syndicate
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  • 30

    May

GBL

GAMCO Investors

$27.26

1.56 (6.07%)

, CHE

Chemed

$261.22

5.59 (2.19%)

16:31
02/23/18
02/23
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16:31
Hot Stocks
Breaking Hot Stocks news story on GAMCO Investors, Chemed »

Gabelli reports 4.28%…

GBL

GAMCO Investors

$27.26

1.56 (6.07%)

CHE

Chemed

$261.22

5.59 (2.19%)

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16:30
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02/23
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Options
Preliminary option volume of 19.2M today »

Preliminary option volume…

CTO

Consolidated Tomoka

$62.60

0.73 (1.18%)

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  • 23

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HPE

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$18.14

1.73 (10.54%)

, HPQ

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$18.14

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VIX

Volatility Index S&P 500 Options

16:20
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Options
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SEMG

SemGroup

$25.50

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, VLO

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SemGroup (SEMG) announced…

SEMG

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VLO

Valero

$92.46

0.41 (0.45%)

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  • 26

    Feb

$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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WEN

Wendy's

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  • 07

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IRIX

IRIDEX

$7.41

0.21 (2.92%)

16:09
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Breaking Earnings news story on IRIDEX »

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  • 08

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IRIX

IRIDEX

$7.41

0.21 (2.92%)

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  • 08

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HTZ

Hertz

$20.65

0.085 (0.41%)

, SYMC

Symantec

$27.43

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$47.41

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AOBC

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$10.00

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$49.80

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Vista Outdoor

$18.19

-0.23 (-1.25%)

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  • 25

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NNA

Navios Acquisition

$0.74

-0.0135 (-1.79%)

16:06
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IRIX

IRIDEX

$7.41

0.21 (2.92%)

16:06
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  • 08

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GBL

GAMCO Investors

$25.75

0.05 (0.19%)

15:57
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