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AXP

American Express

$93.61

0.56 (0.60%)

, MAR

Marriott

$133.44

2.37 (1.81%)

16:54
04/16/18
04/16
16:54
04/16/18
16:54

American Express, Marriot to partner on co-branded credit cards

American Express (AXP) and Marriott International, Inc. (MAR) announced the details of the new value-rich Starwood Preferred Guest American Express Luxury Card and the refreshed Starwood Preferred Guest Consumer and Business Credit Cards. Debuting in August 2018 alongside Marriott International's newly unified loyalty programs, which will offer one set of benefits for all members, the Cards will offer travelers and businesses more travel benefits and ways to earn points that can be used across nearly 6,500 hotels in 127 countries and territories, across 29 brands, as well as across the expanded Moments platform. Additionally, on August 1, 2018, Starpoint balances in SPG loyalty member accounts will convert to points within Marriott International's loyalty program at a 1:3 ratio, and the loyalty program will be making corresponding changes to the number of points required for redemptions. Designed for premium customers, the brand new Starwood Preferred Guest American Express Luxury Card will have an annual fee of $450 and feature complimentary Gold Elite Status, no-fee additional Cards, and a statement credit of up to $300 for purchases on the Card at participating hotels worldwide.

AXP

American Express

$93.61

0.56 (0.60%)

MAR

Marriott

$133.44

2.37 (1.81%)

  • 18

    Apr

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    May

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    May

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    May

AXP American Express
$93.61

0.56 (0.60%)

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.
MAR Marriott
$133.44

2.37 (1.81%)

01/17/18
MSCO
01/17/18
DOWNGRADE
Target $84
MSCO
Equal Weight
Hilton downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Thomas Allen downgraded Hilton (HLT) to Equal Weight from Overweight despite raising his price target to $84 from $81, saying he sees fewer "idiosyncratic bull case drivers" for it versus Marriott (MAR) and La Quinta (LQ). He also said he is concerned around HNA's 25% Hilton stake, which could become a greater overhang if HNA begins unwinding other investments.
01/29/18
RBCM
01/29/18
NO CHANGE
Target $159
RBCM
Outperform
Marriott price target raised to $159 from $111 at RBC Capital
RBC Capital Analyst West Golladay raised his price target on Marriott to $159 and kept his Outperform rating. The analyst cites the benefits from the U.S. tax reform adding to the prospects for improved domestic RevPAR growth as well as favorable FX adding to the positive trends of "strong unit growth, higher credit card fees, and healthy international RevPAR growth".
02/20/18
EVER
02/20/18
UPGRADE
EVER
In Line
Marriott upgraded to In Line from Underperform at Evercore ISI
02/20/18
02/20/18
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. Chipotle (CMG) upgraded to Hold from Sell at Stifel with analyst Chris O'Cull saying that his opinion of the company's fundamentals has not changed, but sentiment has improved and he believes investor optimism will likely outweigh fundamentals in the near-term. 2. Hyatt (H) and Marriott (MAR) were upgraded to In Line from Underperform at Evercore ISI. 3. Flowserve (FLS) upgraded to Sector Perform from Underperform at RBC Capital with analyst Deane Dray citing his expectations of an announcement of a turnaround plan from the new CEO and believes the stock may have bottomed, since the fourth quarter operating miss and "low-balled fiscal 2018 outlook" did not produce new selling pressure. 4. UPS (UPS) upgraded to Buy from Hold at Edward Jones. 5. Universal Display (OLED) upgraded to Buy from Hold at Needham with analyst James Ricchiuti saying he has been looking for the right entry point on the stock since the summer, and the recent 25% selloff from the high offers that opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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PIR

Pier 1 Imports

$7.70

-0.27 (-3.39%)

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MDLA

Medallia

$29.11

-0.68 (-2.28%)

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PIR

Pier 1 Imports

$7.92

-0.05 (-0.63%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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BMY

Bristol-Myers

$60.70

1.195 (2.01%)

, XLRN

Acceleron

$48.58

-0.08 (-0.16%)

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BMY

Bristol-Myers

$60.70

1.195 (2.01%)

XLRN

Acceleron

$48.58

-0.08 (-0.16%)

03/08/13
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MNTA

Momenta

$17.53

0.68 (4.04%)

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EA

Electronic Arts

$102.74

0.66 (0.65%)

, ATVI

Activision Blizzard

$55.08

0.09 (0.16%)

12:03
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Conference/Events
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EA

Electronic Arts

$102.74

0.66 (0.65%)

ATVI

Activision Blizzard

$55.08

0.09 (0.16%)

GME

GameStop

$6.46

0.1 (1.57%)

NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$123.21

-0.69 (-0.56%)

UBSFY

Ubisoft

$0.00

(0.00%)

03/08/13
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  • 10

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PRVL

Prevail Therapeutics

$14.02

-0.03 (-0.21%)

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WEI

Weidai

$4.10

-0.35 (-7.87%)

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PD

PagerDuty

$21.79

-3.2 (-12.81%)

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YEXT

Yext

$14.02

-2.595 (-15.62%)

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CC

Chemours

$17.08

2.02 (13.41%)

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  • 09

    Dec

BIG

Big Lots

$24.21

5.04 (26.29%)

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  • 06

    Dec

GCO

Genesco

$49.57

12.63 (34.19%)

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  • 06

    Dec

UBER

Uber

$27.99

-0.655 (-2.29%)

, ALXN

Alexion

$112.31

4.89 (4.55%)

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Uber

$27.99

-0.655 (-2.29%)

ALXN

Alexion

$112.31

4.89 (4.55%)

TTD

Trade Desk

$250.86

10.59 (4.41%)

BIG

Big Lots

$24.19

5.02 (26.19%)

ULTA

Ulta Beauty

$267.17

31.08 (13.16%)

CIEN

Ciena

$34.98

-1.32 (-3.64%)

PD

PagerDuty

$21.81

-3.18 (-12.73%)

YEXT

Yext

$13.99

-2.625 (-15.80%)

ZM

Zoom Video

$62.23

-7.5 (-10.76%)

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Conference/Events
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F

Ford

$9.06

0.13 (1.46%)

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  • 09

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GS

Goldman Sachs

$223.33

6.1 (2.81%)

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  • 15

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GGG

Graco

$49.25

0.84 (1.74%)

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