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GS

Goldman Sachs

$255.79

-6.065 (-2.32%)

, JPM

JPMorgan

$111.45

-3.29 (-2.87%)

15:01
03/22/18
03/22
15:01
03/22/18
15:01

Goldman Sachs loses place among top three commodities banks, Reuters says

Goldman Sachs (GS) is no longer one of the top three earners of commodities-related revenue in 2017, dipping below competitors JPMorgan (JPM), Morgan Stanley (MS), and Citibank (C) for the first time, Reuters reports, citing data from analytics firm Coalition. Goldman has been in thre top three since Coalition began compiling the figures in 2010, the report notes. Last year, the lender's commodities business posted on of its worst results on record and it is now seeking to bolster performance, creating a new commodities finance team to drum up business from corporate clients, the report says. Reference Link

GS

Goldman Sachs

$255.79

-6.065 (-2.32%)

JPM

JPMorgan

$111.45

-3.29 (-2.87%)

MS

Morgan Stanley

$55.43

-1.685 (-2.95%)

C

Citi

$71.26

-2.06 (-2.81%)

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    Oct

GS Goldman Sachs
$255.79

-6.065 (-2.32%)

03/22/18
WELS
03/22/18
NO CHANGE
Target $330
WELS
Outperform
Goldman Sachs price target raised to $330 from $320 at Wells Fargo
Wells Fargo analyst Mike Mayo raised his price target for Goldman Sachs to $330 from $320 and estimates for the second time in about two months to what is now 5%-20% above consensus for 2018-2020. The analyst cited the likely benefit to Goldman of the increased and likely ongoing market volatility as forecasted by the Wells Fargo Interest Rate Strategy Team. Mayo reiterates an Outperform rating on the shares.
01/25/18
WELS
01/25/18
NO CHANGE
Target $320
WELS
Outperform
Goldman Sachs price target raised to $320 from $295 at Wells Fargo
Wells Fargo analyst Mike Mayo raised his price target for Goldman Sachs to $320 form $295 saying it should have the highest pre-tax margin this decade by 2019. The analyst notes that Goldman has preserved more of its infrastructure than peer even while reducing comp and non-comp expense, which should result in greater revenues at lower marginal cost. Mayo reiterates an Outperform rating on the shares.
01/31/18
DBAB
01/31/18
NO CHANGE
Target $15
DBAB
Sell
GE likely to be dropped from Dow 30 index, says Deutsche Bank
General Electric (GE) is likely to be dropped from the Dow Jones Industrial Average after being in the index of 30 companies for over 110 years as an original member since 1896, Deutsche Bank analyst John Inch tells investors in a research note. The chances that GE could be removed from the Dow are increasing as the company continues to face "substantial challenges," the analyst writes. These include "earnings and cash pressure, tough global power generation markets, aggressive downsizing, shrinking its portfolio, management shake-up and SEC investigations," Inch argues. He sees "headline risk" as the most significant risk factor if GE were to be dropped from the Dow, "potentially amplified by GE's high mix of retail investors." Inch notes that the last major Dow shakeup occurred in September 2003, when American Airlines (AAL), Bank of America (BAC) and Hewlett Packard (HPQ) were removed and Goldman Sachs (GS), Nike (NKE) and Verizon (VZ) were added. Inch has a Sell rating on General Electric with a $15 price target. The shares closed yesterday down 33c to $15.95.
02/02/18
MSCO
02/02/18
NO CHANGE
MSCO
BofA, JPMorgan, Citi best positioned for tougher CCAR test, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck said she had expected an easier stress test from the Federal Reserve but that the 2018 CCAR test actually seems tougher than last year, given the more intense recessions and lower asset prices modeled in it. A tougher test makes her less optimistic on her strong payout growth expectations, said Graseck, who sees Bank of America (BAC), JPMorgan (JPM) and Citi (C) as best positioned to "weather the storm" and increase payouts given their resilient balance sheets and significant excess capital. She sees Goldman Sachs (GS), which recently cut buybacks, as at risk from a tougher test, which likely weighs on the bank's 2018 ask, Graseck added.
JPM JPMorgan
$111.45

-3.29 (-2.87%)

02/13/18
02/13/18
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. JPMorgan (JPM) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Kleinhanzl saying he views the recent pullback in the shares as a buying opportunity. 2. Total (TOT) upgraded to Overweight from Equal Weight at Morgan Stanley and to Strong Buy from Outperform at Raymond James. 3. Celgene (CELG) upgraded to Overweight from Equal Weight at Barclays with analyst Geoff Meacham saying the current valuation largely reflects the risk. 4. Quest Diagnostics (DGX) upgraded to Outperform from Neutral at Credit Suisse with analyst A.J. Rice saying he believes the company has "substantial runway on several fronts," including its Optum partnership related to revenue cycle management, which he believes could reduce bad debts and claims denials. 5. Boeing (BA) upgraded to Buy from Hold at Edward Jones. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/22/18
EDJN
03/22/18
UPGRADE
EDJN
Buy
JPMorgan upgraded earlier to Buy from Hold at Edward Jones
02/21/18
JEFF
02/21/18
NO CHANGE
JEFF
JPMorgan price target raised to $131 from $124 at Jefferies
Jefferies analyst Ken Usdin raised his price target on JPMorgan to $131 from $124, as well his FY18/FY19 EPS estimates for the company, ahead of JPMorgan's Investor Day on February 27, where Usdin expects to hear an "upbeat message about the macro backdrop, organic growth, and ongoing investments." Usdin maintained a Buy rating on JPMorgan shares.
02/21/18
MSCO
02/21/18
NO CHANGE
Target $136
MSCO
Overweight
Morgan Stanley sees JPMorgan turning tax savings into market share gains
Morgan Stanley analyst Betsy Graseck raised her 2022 EPS estimate for JPMorgan (JPM) by 2%, or 34c, stating that she expects the bank to reach top 5 in the 15-20 new markets it previously said it will use a part of its tax savings reinvestments to enter. The 34c in EPS she estimates JPMorgan can add by building out its presence in 20 new markets by 2022 is "far more compelling" than using the same amount of money to buy back stock, which would increase 2022 EPS only 5c, said Graseck. The analyst sees about a third of JPMorgan's new deposit share gains to come from Wells Fargo (WFC) and cut her 2022 EPS forecast for the latter by 1.2%. Graseck keeps an Overweight rating on JPMorgan ahead of the bank's February 27 investor day and increased her price target on the stock to $136 from $133.
MS Morgan Stanley
$55.43

-1.685 (-2.95%)

01/09/18
SOCG
01/09/18
DOWNGRADE
Target $59.5
SOCG
Hold
Morgan Stanley downgraded to Hold from Buy at Societe Generale
Societe Generale analyst Andrew Lim downgraded Morgan Stanley to Hold saying the stock is now fairly priced following the recent rally. The analyst raised his price target for the shares to $59.50 from $55.
01/10/18
ATLE
01/10/18
UPGRADE
ATLE
Overweight
Morgan Stanley upgraded to Overweight from Neutral at Atlantic Equities
01/10/18
ATLE
01/10/18
UPGRADE
Target $61
ATLE
Overweight
Morgan Stanley upgraded on tax reform benefits at Atlantic Equities
As previously reported, Atlantic Equities analyst John Heagerty upgraded Morgan Stanley (MS) to Overweight from Neutral, 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 Morgan Stanley shares to $61 from $48. The analyst also upgraded Wells Fargo (WFC) to Neutral from Underweight this morning, citing the same analysis of the potential benefits from tax reform.
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.
C Citi
$71.26

-2.06 (-2.81%)

01/17/18
01/17/18
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. Apple (AAPL) downgraded to Neutral from Buy at Longbow with analyst Shawn Harrison saying the current iPhone cycle is "good, not great." 2. Dish (DISH) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Benjamin Swinburne saying he now sees fewer likely buyers of its assets than hoped. 3. Juniper (JNPR) downgraded to Underweight from Equal Weight at Barclays with analyst Mark Moskowitz citing a lack of service provider rebound in 2018 as well as a rising threat from Arista in routing. 4. Citi (C) was downgraded to Hold from Buy at Vertical Group and to Market Perform from Outperform at Keefe Bruyette. 5. Shell Midstream (SHLX) downgraded to Hold from Buy at Stifel with the firm citing 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.
01/17/18
VERF
01/17/18
DOWNGRADE
VERF
Hold
Citi downgraded to Hold from Buy at Vertical Group
01/17/18
RBCM
01/17/18
NO CHANGE
Target $85
RBCM
Outperform
Citi price target raised to $85 from $79 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on Citi to $85 and kept his Outperform rating following Q4 earnings. Cassidy says that non-cash charges from tax reform masked the quarter's performance, with underlying trends for Citi remaining strong. The analyst adds that CitiGroup importantly reiterated the $60B capital return goal through CCAR despite the regulatory capital hit from the tax legislation.

TODAY'S FREE FLY STORIES

EWH

MSCI Hong Kong Index

$24.13

-0.165 (-0.68%)

06:42
08/14/18
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06:42
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MSCI Hong Kong Index: Pivot points »

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EWG

iShares MSCI Germany

$29.59

-0.13 (-0.44%)

06:41
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08/14
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Technical Analysis
iShares MSCI Germany: Pivot points »

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IJR

iShares Core S&P Small Cap ETF

$86.82

-0.4 (-0.46%)

06:41
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Technical Analysis
iShares Core S&P Small Cap ETF: Pivot points »

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VERU

Veru Inc.

$2.06

-0.1 (-4.63%)

06:40
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06:40
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06:40
Earnings
Veru reports Q3 EPS (15c), consensus (8c) »

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EEM

MSCI Emerging Markets Index

$42.50

-0.695 (-1.61%)

06:39
08/14/18
08/14
06:39
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06:39
Technical Analysis
MSCI Emerging Markets Index: Pivot points, pivot high broken »

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EYEN

Eyenovia

$5.55

-0.1 (-1.77%)

06:39
08/14/18
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06:39
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06:39
Earnings
Eyenovia reports Q2 EPS (33c), consensus (42c) »

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  • 14

    Aug

MSFT

Microsoft

$108.24

-0.81 (-0.74%)

, AMZN

Amazon.com

$1,895.51

9.52 (0.50%)

06:39
08/14/18
08/14
06:39
08/14/18
06:39
Periodicals
Microsoft still trying to find Cortana's voice, WSJ reports »

Microsoft (MSFT) is…

MSFT

Microsoft

$108.24

-0.81 (-0.74%)

AMZN

Amazon.com

$1,895.51

9.52 (0.50%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 16

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EWW

iShares MSCI Mexico

$49.56

-0.065 (-0.13%)

06:39
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08/14
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06:39
Technical Analysis
iShares MSCI Mexico: Pivot points »

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UUP

PowerShares DB US Dollar Index Up

$25.50

0.01 (0.04%)

06:38
08/14/18
08/14
06:38
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06:38
Technical Analysis
PowerShares DB US Dollar Index Up: Pivot points »

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UDN

PowerShares DB US Dollar Index Down

$21.24

-0.01 (-0.05%)

06:38
08/14/18
08/14
06:38
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06:38
Technical Analysis
PowerShares DB US Dollar Index Down: Pivot points »

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SESN

Sesen Bio

$1.89

0.09 (5.00%)

06:37
08/14/18
08/14
06:37
08/14/18
06:37
Earnings
Sesen Bio reports Q2 EPS (16c), consensus (14c) »

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CHAP

Chaparral Energy

$17.77

(0.00%)

06:36
08/14/18
08/14
06:36
08/14/18
06:36
Hot Stocks
Chaparral raises FY18 average daily production view to 19.0MBoe/d-20.0MBoe/d »

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  • 14

    Aug

UHS

Universal Health

$124.44

-0.01 (-0.01%)

06:36
08/14/18
08/14
06:36
08/14/18
06:36
Initiation
Universal Health initiated  »

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THC

Tenet

$32.54

0.28 (0.87%)

06:35
08/14/18
08/14
06:35
08/14/18
06:35
Initiation
Tenet initiated  »

Tenet initiated with an…

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HD

Home Depot

$194.11

-2.19 (-1.12%)

06:35
08/14/18
08/14
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06:35
Technical Analysis
Technical Take: Home Depot moves higher after results »

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  • 14

    Aug

AAP

Advance Auto Parts

$144.79

-1.52 (-1.04%)

06:35
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08/14
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06:35
Hot Stocks
Advance Auto Parts announces new $600M share repurchase program »

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  • 14

    Aug

HCA

HCA Healthcare

$128.74

0.57 (0.44%)

06:35
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08/14
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06:35
Initiation
HCA Healthcare initiated  »

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  • 22

    Aug

MMS

Maximus

$63.51

0.24 (0.38%)

06:35
08/14/18
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06:35
Hot Stocks
Maximus receives North Carolina DHHS contract to provide Medicaid services »

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CYH

Community Health

$3.15

0.06 (1.94%)

06:34
08/14/18
08/14
06:34
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06:34
Initiation
Community Health initiated  »

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  • 15

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CHAP

Chaparral Energy

$17.77

(0.00%)

06:33
08/14/18
08/14
06:33
08/14/18
06:33
Earnings
Chaparral Energy reports Q2 EPS (49c) with items, consensus 9c »

Reports Q2 revenue…

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  • 14

    Aug

AAP

Advance Auto Parts

$144.79

-1.52 (-1.04%)

06:33
08/14/18
08/14
06:33
08/14/18
06:33
Earnings
Advance Auto Parts sees FY18 revenue $9.3B-$9.5B, consensus $9.38B »

Sees FY18 SSS growth…

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  • 14

    Aug

SYY

Sysco

$72.72

4.31 (6.30%)

06:32
08/14/18
08/14
06:32
08/14/18
06:32
Recommendations
Sysco analyst commentary  »

Sysco price target raised…

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AAP

Advance Auto Parts

$144.79

-1.52 (-1.04%)

06:31
08/14/18
08/14
06:31
08/14/18
06:31
Hot Stocks
Breaking Hot Stocks news story on Advance Auto Parts »

Advance Auto Parts…

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  • 14

    Aug

AAP

Advance Auto Parts

$144.79

-1.52 (-1.04%)

06:30
08/14/18
08/14
06:30
08/14/18
06:30
Hot Stocks
Breaking Hot Stocks news story on Advance Auto Parts »

Advance Auto Parts…

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  • 14

    Aug

AAP

Advance Auto Parts

$144.79

-1.52 (-1.04%)

06:30
08/14/18
08/14
06:30
08/14/18
06:30
Earnings
Advance Auto Parts reports Q2 adjusted EPS $1.97, consensus $1.86 »

Reports Q2 revenue $2.3B,…

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  • 14

    Aug

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