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AXP

American Express

$91.91

-2.29 (-2.43%)

, MA

MasterCard

$169.70

-5.85 (-3.33%)

05:54
04/09/18
04/09
05:54
04/09/18
05:54

Credit card companies to end signature requirement for transactions, NYT says

The major credit card networks -- American Express (AXP), Visa (V), Mastercard (MA) and Discover (DFS) -- are ending a requirement that people sign for most card transactions, The New York Times reports, which says that signatures are "not a useful way" to prove someone's identity. Target (TGT) plans to eliminate them this month, while Walmart (WMT) considers signatures "worthless" and has already stopped recording them on most transactions, according to a company spokesman. Reference Link

AXP

American Express

$91.91

-2.29 (-2.43%)

MA

MasterCard

$169.70

-5.85 (-3.33%)

V

Visa

$117.70

-3.49 (-2.88%)

DFS

Discover

$70.34

-1.79 (-2.48%)

TGT

Target

$72.29

-0.15 (-0.21%)

WMT

Walmart

$86.69

-1.12 (-1.28%)

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AXP American Express
$91.91

-2.29 (-2.43%)

03/13/18
OPCO
03/13/18
NO CHANGE
Target $117
OPCO
Outperform
American Express' LT business model 'hitting on all cylinders,' says Oppenheimer
Oppenheimer analyst Ben Chittenden reiterated his Outperform rating on American Express and has a $117 price target following last week's investor day. American Express has a strong brand that is building out its client touch points and a positive tailwind from tax reform which is driving corporate travel and expense, Chittenden told investors in a research note. He also pointed out that the biggest takeaway from the investor day "wasn't necessarily some updated guidance that one can plug into an earnings model," but that the company's long-term business model is "hitting on all cylinders," with a more confident tone regarding competition and its go-forward strategy. "It's a work in progress, but we continue to like the AXP story," the analyst said.
03/27/18
UBSW
03/27/18
INITIATION
UBSW
Buy
American Express initiated with a Buy at UBS
UBS analyst Eric Wasserstrom initiated American Express with a Buy rating and $111 price target. Wasserstrom sees American Express accelerating discount volumes and loan growth, which "will support EPS growth and stable profitability at a high level." He also believes the company will resume "significant" share repurchases by mid-2018.
04/05/18
SBSH
04/05/18
INITIATION
Target $110
SBSH
Buy
American Express initiated with a Buy at Citi
Citi analyst Jill Shea started American Express with a Buy rating and $110 price target. "Strong billings momentum should drive strong earnings growth," Shea tells investors in a research note.
04/05/18
04/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Spotify (SPOT) initiated with a Buy at Canaccord and Stifel. 2. Trade Desk (TTD) initiated with an Overweight at Piper Jaffray. 3. Saul Centers (BFS) initiated with a Neutral at B. Riley FBR. 4. Capital One (COF) and American Express (AXP) were initiated with a Buy at Citi while Discover (DFS) and Synchrony (SYF) were initiated with a Neutral. 5. Intel (INTC) initiated with a Buy at UBS while Qualcomm (QCOM) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
MA MasterCard
$169.70

-5.85 (-3.33%)

02/02/18
02/02/18
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. MasterCard (MA) upgraded to Buy from Hold at Argus with analyst Stephen Biggar saying the stock should trade above its historical average earnings multiple, with effective tax rate of 20% seen below 27% in 2017 as well as continued strong purchase volumes and growth in cross-border volumes and processed transactions. 2. Tableau (DATA) upgraded to Hold from Sell at Maxim with analyst Nehal Chokshi citing normalized bookings accelerating to 26% growth in the fourth quarter and sees normalized sales productivity stabilizing at about a 33% level. 3. Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale with analyst Warren Ackerman saying fourth quarter results were "solid" as emerging markets are rebounding strongly and the worst is over in North America. 4. Huntington Ingalls (HII) upgraded to Outperform from Market Perform at Cowen with analyst Gautam Khanna saying the shares are "excessively discounted" relative to the large cap defense peer average. 5. Sherwin-Williams (SHW) upgraded to Buy from Neutral at Seaport Global with analyst Michael Harrison saying the Valspar deal adds another layer of potential growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/02/18
BMOC
02/02/18
NO CHANGE
Target $206
BMOC
Outperform
MasterCard price target raised to $206 from $174 at BMO Capital
BMO Capital analyst Paulo Ribeiro raised his price target on MasterCard to $206 after the company's Q4 earnings beat that was driven by "across-the-board strength in payment volumes". Ribeiro contends that MasterCard's outlook was also conservative and expects the stock to benefit from strong intra-quarter metrics and expected buybacks while the company is investing in growth. The analyst keeps his Outperform rating on MasterCard.
03/27/18
BERN
03/27/18
INITIATION
Target $207
BERN
Outperform
MasterCard initiated with an Outperform at Bernstein
Bernstein started MasterCard with an Outperform rating and $207 price target.
03/29/18
WELS
03/29/18
NO CHANGE
Target $205
WELS
Outperform
MasterCard price target raised to $205 from $195 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for MasterCard to $205 from $195 ahead of quarterly results. The analyst reiterates an Outperform rating on the shares.
V Visa
$117.70

-3.49 (-2.88%)

02/02/18
CANT
02/02/18
NO CHANGE
Target $141
CANT
Overweight
Visa price target raised to $141 from $123 at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi raised his price target for Visa to $141 following the company's Q1 results. The analyst attributes the better than expected results to solid payments volume growth and keeps an Overweight rating on the shares. He remains attracted to Visa's "dominant position in the global card network market and its strong, recognizable international brand."
02/02/18
LOOP
02/02/18
NO CHANGE
Target $142
LOOP
Buy
Visa price target raised to $142 from $123 at Loop Capital
Loop Capital analyst Joseph Vafi raised his price target on Visa to $142, saying the investment case for the company is "shining brightly". Vafi says Visa is "one of the best ways to play ongoing global economic expansion, ongoing shifts to electronic currencies, mobility, and ecommerce", keeping his Buy rating on the stock.
02/05/18
BMOC
02/05/18
NO CHANGE
Target $148
BMOC
Outperform
Visa price target raised to $148 from $134 at BMO Capital
BMO Capital analyst Paulo Ribeiro raised his price target on Visa to $148, saying he is positive on the company's second-half of 2018 amid " strong underlying global payment trends and fundamentals". Ribeiro says investors were disappointed that the company maintained its FY18 outlook, but notes that the management chose to be cautious ahead of the "challenging" Q2. The analyst keeps his Outperform rating on Visa, forecasting potential second-half upside from "pricing, Incentives easing and lapping of tough comps".
03/27/18
BERN
03/27/18
INITIATION
Target $143
BERN
Outperform
Visa initiated with an Outperform at Bernstein
Bernstein started Visa with an Outperform rating and $143 price target.
DFS Discover
$70.34

-1.79 (-2.48%)

03/29/18
WELS
03/29/18
NO CHANGE
Target $76
WELS
Market Perform
Discover price target lowered to $76 from $84 at Wells Fargo
Wells Fargo analyst Donald Fandetti lowered his price target for Discover to $76 from $84 ahead of quarterly results. The analyst reiterates a Market Perform rating on the shares.
04/05/18
SBSH
04/05/18
INITIATION
Target $78
SBSH
Neutral
Discover initiated with a Neutral at Citi
Citi analyst Jill Shea started Discover Financial with a Neutral rating and $78 price target.
03/27/18
UBSW
03/27/18
INITIATION
UBSW
Sell
Discover initiated with a Sell at UBS
UBS analyst Eric Wasserstrom initiated Discover with a Sell rating and $70 price target, as Wasserstrom believes that Discover will generate "low to negative pre-tax income growth and declining return on assets over the next three years."
TGT Target
$72.29

-0.15 (-0.21%)

04/02/18
TIGR
04/02/18
NO CHANGE
TIGR
Buy
Target strategic initiatives accelerating performance, says Tigress Financial
Tigress Financial analyst Ivan Feinseth kept his Buy rating on Target, saying that the company's ongoing strategic initiatives are driving revenue growth and operating efficiencies while creating a greater value proposition for its customers. Feinseth further expects Target's enhanced digital capability to support its future growth rates and also notes the company's initiatives to improve the shopping experience and increase comps through store upgrades.
03/06/18
BARD
03/06/18
NO CHANGE
Target $85
BARD
Outperform
Target demand trends were encouraging in Q4, says Baird
Baird analyst Peter Benedict kept his Outperform rating and $85 price target on Target following the company's Q4 results, but also assigned a new positive "Fresh Pick" designation. Benedict states that today's decline in the stock price serves as a reminder that changing the narrative in the retail sector is challenging, particularly amid the skepticism around Target's ability to increase sales without a significant margin investment. Nevertheless, the analyst adds that demand trends for Target were encouraging and several potential catalysts exist for the company in 2018, such as leveraging the next-generation store design and the expansion of the company's fulfillment capabilities. Benedict sees a compelling valuation for Target stock at less than 14-times his forward FY18 EPS estimate.
03/07/18
MSCO
03/07/18
NO CHANGE
Target $64
MSCO
Underweight
Target 2018 guidance appears optimistic, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman said he would have taken a more constructive stance on Target shares had two things happened at the company's financial community meeting. The first, an acceptance that EBIT margins are likely going lower over time, did occur. The second, a backing away from 2018 guidance that he thinks "seems more optimistic than it initially did," did not happen. While if Target had said both yesterday the stock decline likely would have been worse, it also would have de-risked the stock and allowed investors to focus on what should be better top-line performance in 2018, contends Gutman, who maintains his Underweight rating and $64 price target on Target shares.
03/26/18
LOOP
03/26/18
NO CHANGE
Target $25
LOOP
Hold
Kroger merger with Target 'could make sense', says Loop Capital
Loop Capital analyst Andrew Wolf speculates that while "unlikely" in the near term, a merger between Kroger (KR) and Target (TGT) could make sense. Wolf notes that Kroger has been looking at digital commerce acquisitions and partnerships to maximize its delivery and merchandise, while Target has been an underperformer in the grocery segment. The analyst keeps his Hold rating and $25 price target on Kroger, but adds that its multiple could expand "modestly" as its comps improve this year.
WMT Walmart
$86.69

-1.12 (-1.28%)

04/04/18
BERN
04/04/18
NO CHANGE
BERN
Walmart interest in PillPack an acceleration of sector disruption,says Bernstein
Bernstein analyst Lance Wilkes notes that CNBC reported that Walmart (WMT) is in talks to acquire online pharmacy startup PillPack for less than $1B. Amazon (AMZN) was also reported to be interested in acquiring PillPack, he adds. Wilkes sees this as an acceleration of disruption efforts in the drug supply chain with both Amazon and now Walmart enabling a shift to online pharmacy.
04/05/18
LOOP
04/05/18
INITIATION
Target $92
LOOP
Hold
Walmart initiated with a Hold at Loop Capital
Loop Capital analyst Andrew Wolf started Walmart with a Hold rating and $92 price target. In a research note partially titled "The Best of Times, The Worst of Times," the analyst says that while he's bullish on the long-term outlook for Walmart as an omni-channel retailer, he views 2018 as an investment year. He believes driving market share and building scale in e-commerce will take precedence over earnings gains this year.
04/06/18
MKMP
04/06/18
NO CHANGE
Target $96
MKMP
Neutral
Hasbro price target lowered to $96 from $110 at MKM Partners
MKM Partners analyst Eric Handler lowered his price target on Hasbro (HAS) to $96, saying the company's earnings will see a bigger impact from the liquidation of Toys R Us than the previous forecast. The analyst also notes headwinds for the company coming from tight inventory management at mass retailers Wal-Mart (WMT) and Amazon (AMZN). Handler adds that he has broader industry concerns, but sees some mitigating product launches for Hasbro, including a new Nerf brand launch, expanded Baby Alive product lines, continued strength from Marvel, and the possible digital launch of Magic: The Gathering Arena. The analyst keeps his Neutral rating on Hasbro.
04/06/18
04/06/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Walmart (WMT) initiated with a Hold at Loop Capital. 2. Hanesbrands (HBI) initiated with a Neutral at BofA/Merrill. 3. Commercial Metals (CMC) initiated with a Buy at Longbow. 4. WageWorks (WAGE) resumed with a Hold at Needham. 5. Werner (WERN) resumed with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

AMEH

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HLX

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SIEGY

Siemens

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USG

USG

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EBAY

eBay

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THR

Thermon Group

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AMD

AMD

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SPX

S&P 500

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HES

Hess Corp.

09:17
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  • 22

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UPLD

Upland Software

09:17
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BKU

BankUnited

09:17
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UPS

UPS

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COP

ConocoPhillips

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ABBV

AbbVie

09:16
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Breaking Hot Stocks news story on AbbVie »

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AAL

American Airlines

09:16
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PLUS

ePlus

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TCO

Taubman Centers

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RTN

Raytheon

, LMT

Lockheed Martin

$329.23

-7.14 (-2.12%)

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GD

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NOC

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$333.06

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ALGT

Allegiant Travel

$143.35

-0.1 (-0.07%)

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COLB

Columbia Banking

$44.76

0.05 (0.11%)

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FB

Facebook

$159.69

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SIEN

Sientra

$12.91

-0.88 (-6.38%)

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BAH

Booz Allen

$39.82

-0.31 (-0.77%)

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