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ALLY

Ally Financial

$26.62

-0.59 (-2.17%)

, DFS

Discover

$70.34

-1.79 (-2.48%)

06:53
04/09/18
04/09
06:53
04/09/18
06:53

Ally Financial, Discover upgraded to Equal Weight on valuation at Stephens

As previously reported, Stephens analyst Vincent Caintic upgraded Ally Financial (ALLY) and Discover (DFS), both to Equal Weight from Underweight, as he does not think shares of either have downside from their current levels. He notes Ally shares are down 9% year-to-date, while Discover shares have declined 9% in 2018 as well. Still, he is concerned about U.S. consumer credit broadly and continues to think Discover will underperform relative to the credit card space and that Ally will underperform other auto lenders, Caintic tells investors. He set a $29 price target on Ally shares and a $73 target on Discover.

ALLY

Ally Financial

$26.62

-0.59 (-2.17%)

DFS

Discover

$70.34

-1.79 (-2.48%)

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ALLY Ally Financial
$26.62

-0.59 (-2.17%)

01/31/18
BMOC
01/31/18
DOWNGRADE
Target $52
BMOC
Market Perform
Ally Financial downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst James Fotheringham downgraded Ally Financial to Market Perform "exclusively" on valuation and maintained a $52 price target on shares.
01/31/18
WELS
01/31/18
NO CHANGE
Target $35
WELS
Outperform
Ally Financial price target raised to $35 from $30 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for Ally Financial to $35 from $30 following quarterly results. The analyst reiterates an Outperform rating on the shares.
03/27/18
UBSW
03/27/18
INITIATION
UBSW
Buy
Ally Financial initiated with a Buy at UBS
UBS analyst Eric Wasserstrom initiated Ally Financial with a Buy rating and $33 price target. Wasserstrom believes that Ally's asset mix and funding structure should drive revenue growth, which will improve return on assets and drive price-earnings expansion.
04/09/18
SPHN
04/09/18
UPGRADE
SPHN
Equal Weight
Ally Financial upgraded to Equal Weight from Underweight at Stephens
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.
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.
04/09/18
SPHN
04/09/18
UPGRADE
SPHN
Equal Weight
Discover upgraded to Equal Weight from Underweight at Stephens

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WELL

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$50.45

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, QCP

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ANTM

Anthem

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13.73 (6.10%)

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FB

Facebook

$159.69

0.03 (0.02%)

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ERN

Erin Energy

$1.65

-0.825 (-33.33%)

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CTXS

Citrix

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0.04 (0.04%)

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AMD

AMD

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EBAY

eBay

$40.98

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TRVG

Trivago

$4.71

-1.65 (-25.94%)

05:01
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HPR

HighPoint Resources

$6.65

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AVY

Avery Dennison

$106.68

1.195 (1.13%)

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Wyndham

$117.67

1.83 (1.58%)

, LQ

La Quinta

$19.70

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, ACOR

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ACOR

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RHHBY

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MDT

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MCK

McKesson

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NVTA

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IONS

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IPXL

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DNA

Bought by RHHBY

DGX

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ESALY

Eisai

DEPO

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CPRX

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BSX

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BMRN

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MYL

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NBIX

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SYK

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BAYRY

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AMGN

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SMMT

Summit Therapeutics

$13.66

0.13 (0.96%)

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RIO

Rio Tinto

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