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SYNT

Syntel

$27.85

1.54 (5.85%)

, AXP

American Express

$102.55

7.385 (7.76%)

06:44
04/20/18
04/20
06:44
04/20/18
06:44

Syntel 'out of the woods' after tough 2017, says Loop Capital

Loop Capital analyst Joseph Vafi raised his price target on Syntel (SYNT) to $34 from $32 and kept his Buy rating following Q1 results that were well ahead of consensus. Vafi says that after a year and a half of top-line contraction, the company finally grew sales, with "solid" performance driven by traction in clients and decelerating headwinds from key client American Express (AXP). The analyst adds that margins were strong, even though there is some concern about "overspending on skill sets".

SYNT

Syntel

$27.85

1.54 (5.85%)

AXP

American Express

$102.55

7.385 (7.76%)

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SYNT Syntel
$27.85

1.54 (5.85%)

12/29/17
WELS
12/29/17
DOWNGRADE
Target $21
WELS
Underperform
Syntel downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo analyst Ed Caso downgraded Syntel to Underperform with an unchanged price target of $21. The analyst sees the company's "weak" positioning for the ongoing shift in information technology demand from "legacy" low-cost offshore-centric software services to more onshore-necessary "digital" solutions as dragging down its growth and margins. This is reflected in Syntel's "weak" organic growth in recent quarters and expected again in Q4, Caso tells investors in a research note. Further, the analyst sees limited to no benefit for Syntel from U.S. tax reform.
12/29/17
12/29/17
NO CHANGE

On The Fly: Top five analyst actions
Catch up on today's top five analyst actions with this list compiled by The Fly: 1. AstraZeneca (AZN) upgraded to Overweight from Neutral at JPMorgan with analyst James Gordon saying the company's "superior medium-term growth outlook," which is twice the peer average, warrants a 25% sector premium. 2. PriceSmart (PSMT) upgraded to Outperform from Market Perform at IFS Securities. 3. Novo Nordisk (NVO) upgraded to Neutral from Underweight at JPMorgan with analyst Richard Vosser saying he expects "strong" oral semaglutide Phase III newsflow in 2018. 4. Syntel (SYNT) downgraded to Underperform from Market Perform at Wells Fargo with analyst Ed Caso saying he sees the company's "weak" positioning for the ongoing shift in information technology demand from "legacy" low-cost offshore-centric software services to more onshore-necessary "digital" solutions as dragging down its growth and margins. 5. RioCan REIT downgraded to Sector Perform from Outperform at RBC Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/19/18
WLSD
04/19/18
UPGRADE
WLSD
Gradually Accumulate
Syntel upgraded to Gradually Accumulate from Hold at Wellington Shields
04/20/18
WELS
04/20/18
UPGRADE
Target $26
WELS
Market Perform
Syntel upgraded to Market Perform from Underperform at Wells Fargo
Wells Fargo analyst Ed Caso upgraded Syntel to Market Perform and raised his price target for the shares to $26 from $21. The analyst sees less headwinds following the company's better than expected Q1 results. He notes that four of five of Syntel's verticals grew by double-digits in the quarter.
AXP American Express
$102.55

7.385 (7.76%)

04/19/18
PIPR
04/19/18
NO CHANGE
Target $116
PIPR
Neutral
American Express valuation fairly reflects growth profile, says Piper Jaffray
Piper Jaffray analyst Jason Deleeuw expects shares of American Express to rally today given the accelerated Q1 revenue growth, "better-than-feared" provision expense and 2018 outlook raise. The year-over-year comparisons get more difficult going forward, but American Express has strong momentum across its business, Deleeuw tells investors in a post-earnings research note. However, the analyst believes the stock's valuation fairly reflects his expectation for a low-teens earnings growth profile with potential upside limited by higher provisioning expense and a competitive card environment. He lowered his price target for the shares to $116 from $122 and keeps a Neutral rating on American Express.
04/19/18
RBCM
04/19/18
NO CHANGE
Target $86
RBCM
Underperform
American Express price target raised to $86 from $81 at RBC Capital
RBC Capital analyst Jason Arnold raised his price target on American Express to $86 after the company beat on Q1 earnings beat and updated its FY18 outlook to the upper end of its prior guidance. Despite the stronger results however, the analyst remains concerned with the heightened competition, uncertainty around the pending Department of Justice lawsuit, and relative returns. Arnold keeps his Underperform rating on American Express, saying the upside/downside risk on shares is "less exciting".
04/19/18
JMPS
04/19/18
NO CHANGE
JMPS
Market Perform
AmEx Q1 EPS appears to be high-water mark for year, says JMP Securities
After American Express reported Q1 EPS that topped the consensus forecast, JMP Securities analyst David Scharf noted that American Express' average quarterly EPS for the remainder of the year is slightly below the Q1 level, even at the high end of management's 2018 guidance. He raised his 2018 EPS estimate to account for the flow-through of Q1 upside and also raised his 2019 estimate based on the increasing momentum in customer engagement. However, he keeps a Market Perform rating on American Express shares, which he views as fairly valued at current levels.
04/19/18
BERN
04/19/18
NO CHANGE
Target $120
BERN
Outperform
American Express price target raised to $120 from $115 at Bernstein
Bernstein analyst Kevin St. Pierre raised his price target for American Express to $120 from $115 after a "strong" quarter. The analyst reiterates an Outperform rating on the shares.

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VRTX

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AEP

American Electric

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0.16 (0.25%)

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INSY

Insys Therapeutics

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MMSI

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-0.6 (-1.20%)

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NEWT

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$19.40

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AAL

American Airlines

$42.36

-0.4 (-0.94%)

, LUV

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$52.02

-0.145 (-0.28%)

12:51
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AAL

American Airlines

$42.36

-0.4 (-0.94%)

LUV

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$52.02

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UAL

United Continental

$74.18

0.29 (0.39%)

JBLU

JetBlue

$19.14

-0.05 (-0.26%)

DAL

Delta Air Lines

$54.77

-0.4 (-0.73%)

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XHB

SPDR Homebuilders

$40.50

-0.36 (-0.88%)

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LUNA

Luna Innovations

$3.01

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RRC

Range Resources

$16.65

0.69 (4.32%)

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SQ

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$65.15

0.595 (0.92%)

, TWTR

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$45.77

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SJM

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GM

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BDX

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$NSD

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