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DB

Deutsche Bank

$14.32

0.44 (3.17%)

, BAC

Bank of America

$30.32

0.44 (1.47%)

08:49
04/06/18
04/06
08:49
04/06/18
08:49

Deutsche Bank investor contacts BofA's Meissner for CEO job, Bloomberg says

Bank of America's (BAC) Christian Meissner has been contacted by a "top Deutsche Bank (DB)investor" as a potential replacement for CEO John Cryan, said Bloomberg. Reference Link

DB

Deutsche Bank

$14.32

0.44 (3.17%)

BAC

Bank of America

$30.32

0.44 (1.47%)

  • 22

    May

DB Deutsche Bank
$14.32

0.44 (3.17%)

11/20/17
KBWI
11/20/17
DOWNGRADE
KBWI
Underperform
Deutsche Bank downgraded to Underperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst George Karamanos downgraded Deutsche Bank to Underperform.
11/20/17
11/20/17
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. Wal-Mart (WMT) downgraded to Neutral from Buy at Goldman Sachs with analyst Matthew Fassler sayign valuation following "powerful" share appreciation now reflects the company's progress in growing earnings. 2. Five Below (FIVE) downgraded to Hold from Buy at Loop Capital with analyst Anthony Chukumba citing valuation. 3. Live Nation (LYV) downgraded to In Line from Outperform at Evercore ISI with analyst David Joyce citing valuation. 4. Monster Beverage (MNST) downgraded to Negative from Neutral at Susquehanna with analyst Pablo Zuanic citing its high valuation, which he believes is misplaced due to assumptions about an offer from Coca-Cola (KO). 5. Deutsche Bank (DB) downgraded to Underperform from Market Perform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/14/18
02/14/18
DOWNGRADE
Target $48

Hold
Luxoft downgraded to Hold on 'elongated turnaround' at Pivotal Research
As previously reported, Pivotal Research analyst Lou Miscioscia downgraded Luxoft (LXFT) to Hold from Buy, as he now expects most of FY19 to be "a struggle." He had expected the company's two biggest customers - namely Deutsche Bank (DB) and UBS (UBS) - to be about flat for FY19, but now they are suggested to be down 20% and 5%, respectively, Miscioscia said. Noting also that the company cut its FY18 guidance along with its Q3 report, the analyst lowered his price target on Luxoft to $48 from $70.
02/19/18
BOFA
02/19/18
UPGRADE
BOFA
Neutral
Deutsche Bank upgraded to Neutral from Underperform at BofA/Merrill
BAC Bank of America
$30.32

0.44 (1.47%)

01/18/18
RBCM
01/18/18
NO CHANGE
Target $35
RBCM
Outperform
Bank of America price target raised to $35 from $30 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target on Bank of America to $35, citing a "strong all around performance" in Q4 along with the bank's commitment to keeping a low expense and growing top line profile. Cassidy says the bank remains "rate sensitive" and expects some $3.3B in net interest income from a 100bps move in short term rates. The analyst also keeps his Outperform rating on Bank of America, pointing to a positive impact from a stronger U.S. economy on its businesses, along with the return of excess capital, supporting a higher stock price view.
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.
04/03/18
BMOC
04/03/18
NO CHANGE
Target $34
BMOC
Market Perform
Bank of America pullback provides a buying opportunity, says BMO Capital
BMO Capital analyst James Fotheringham says that the recent near-10% pullback in the Bank of America stock price provides investors with a buying opportunity. The analyst contends that the bank's stock trades much more closely in line with short term interest rates rather than the 10-year and believes that its net interest margins will prove to be "insensitive" to lower yields on the benchmark as well as higher LIBOR-OIS spreads. Fotheringham keeps his $34 price target and Market Perform rating on Bank of America, adding that its current two-year-forward P/E valuation multiple is close to its long-term historical average.

TODAY'S FREE FLY STORIES

08:24
11/20/18
11/20
08:24
11/20/18
08:24
Conference/Events
FDIC to hold a board meeting »

Board of Directors…

RNSDF

Renault

$0.00

(0.00%)

, NSANY

Nissan

$0.00

(0.00%)

08:23
11/20/18
11/20
08:23
11/20/18
08:23
Periodicals
Nissan widens Ghosn investigation to include Renault alliance, Reuters reports »

Nissan's (NSANY)…

RNSDF

Renault

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UDR

UDR, Inc.

$41.44

0.38 (0.93%)

08:23
11/20/18
11/20
08:23
11/20/18
08:23
Downgrade
UDR, Inc. rating change  »

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SPB

Spectrum Brands

$48.20

-11.16 (-18.80%)

08:22
11/20/18
11/20
08:22
11/20/18
08:22
Recommendations
Spectrum Brands analyst commentary  »

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03/08/13
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TGT

Target

$77.13

-1.9 (-2.40%)

08:22
11/20/18
11/20
08:22
11/20/18
08:22
Hot Stocks
Target CEO says no 2019 guidance, 'optimistic' about profitable growth next year »

Target CEO Brian Cornell…

03/08/13
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  • 20

    Nov

  • 03

    Mar

08:22
11/20/18
11/20
08:22
11/20/18
08:22
Conference/Events
JPMorgan to hold a conference »

Best of British…

TJX

TJX

$48.97

-2.5 (-4.86%)

08:21
11/20/18
11/20
08:21
11/20/18
08:21
Earnings
TJX sees FY19 EPS $2.41-$2.43, consensus $2.47 »

Sees FY19 consolidated…

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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  • 20

    Nov

BECN

Beacon Roofing

$27.74

0.12 (0.43%)

08:21
11/20/18
11/20
08:21
11/20/18
08:21
Downgrade
Beacon Roofing rating change  »

Beacon Roofing downgraded…

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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  • 13

    Dec

08:21
11/20/18
11/20
08:21
11/20/18
08:21
Conference/Events
Wedbush to hold a tour »

2018 Holiday Shopping…

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:20
11/20/18
11/20
08:20
11/20/18
08:20
Technical Analysis
DJ Transportation Average: Pivot points »

The following are the…

03/08/13
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$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
11/20/18
11/20
08:20
11/20/18
08:20
Technical Analysis
DJ Utility Average: Pivot points »

The following are the…

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
11/20/18
11/20
08:20
11/20/18
08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

The following are the…

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IYT

iShares Transportation Average

$189.91

-0.83 (-0.44%)

08:20
11/20/18
11/20
08:20
11/20/18
08:20
Technical Analysis
iShares Transportation Average: Pivot points »

The following are the…

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08:20
11/20/18
11/20
08:20
11/20/18
08:20
General news
U.S. housing starts preview: »

U.S. housing starts…

TJX

TJX

$48.97

-2.5 (-4.86%)

08:19
11/20/18
11/20
08:19
11/20/18
08:19
Earnings
TJX sees Q4 EPS 66c-67c, consensus 71c »

Sees Q4 SSS up 2%-3%.…

03/08/13
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03/08/13
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03/06/13
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  • 20

    Nov

XLK

Technology Select Sector SPDR

$65.64

-2.58 (-3.78%)

08:19
11/20/18
11/20
08:19
11/20/18
08:19
Technical Analysis
Technology Select Sector SPDR: Pivot points »

The following are the…

03/08/13
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XLE

Energy Select Sector SPDR

$67.15

-0.08 (-0.12%)

08:19
11/20/18
11/20
08:19
11/20/18
08:19
Technical Analysis
Energy Select Sector SPDR: Pivot points »

The following are the…

03/08/13
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XLY

Consumer Discretionary Sector SPDR

$103.77

-2.6 (-2.44%)

08:19
11/20/18
11/20
08:19
11/20/18
08:19
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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03/08/13
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BP

BP

$40.92

0.07 (0.17%)

08:19
11/20/18
11/20
08:19
11/20/18
08:19
Upgrade
BP rating change  »

BP upgraded to Outperform…

03/08/13
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XLB

S&P Select Materials SPDR

$54.45

-0.78 (-1.41%)

08:19
11/20/18
11/20
08:19
11/20/18
08:19
Technical Analysis
S&P Select Materials SPDR: Pivot points »

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03/08/13
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XLU

Utilities SPDR

$55.13

0.27 (0.49%)

08:18
11/20/18
11/20
08:18
11/20/18
08:18
Technical Analysis
Utilities SPDR: Pivot points »

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03/08/13
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XLP

Consumer Staples Sector SPDR

$55.95

-0.09 (-0.16%)

08:18
11/20/18
11/20
08:18
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08:18
Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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CPT

Camden Property

$92.52

0.22 (0.24%)

08:18
11/20/18
11/20
08:18
11/20/18
08:18
Upgrade
Camden Property rating change  »

Camden Property upgraded…

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03/08/13
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03/06/13
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XLV

Health Care Select Sector SPDR

$90.87

-1.18 (-1.28%)

08:18
11/20/18
11/20
08:18
11/20/18
08:18
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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03/08/13
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IWM

iShares Trust Russell 2000 Index Fund

$148.93

-3.03 (-1.99%)

08:17
11/20/18
11/20
08:17
11/20/18
08:17
Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

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