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AXP

American Express

$101.24

0.62 (0.62%)

, V

Visa

$129.95

-0.73 (-0.56%)

17:00
05/17/18
05/17
17:00
05/17/18
17:00

American Express 'top pick' among Payment Networks, says UBS

UBS analyst Eric Wasserstrom sees American Express (AXP) as his top pick among the Payment Networks, rating the company with a Buy and a $115 price target. The analyst is positive on the broader industry, saying his proprietary data suggests a robust growth trend, with the total addressable market for electronic payments estimated around $95T. Wasserstrom notes that the UBS survey of small and midsized merchants across 4 geographies suggests that 94% of respondents intend to add support to accept electronic payments. More specifically, he expects American Express to show "accelerating discount volumes and loan growth", supporting EPS growth and a high-level stability of profitability. Based on the differentiated view among analysts for American Express earnings, the analyst sees the company as a "beat and raise story". As part of his broader research note, as reported earlier, Wasserstrom has also assumed PayPay (PYPL) at Buy with a $90 price target, Visa (V) at Neutral with a $141 price target, and initiated MasterCard (MA) at Neutral with a $205 price target. He expects PayPal to benefit from "sustained volume growth" driven by engagement of its core constituencies and demand for its processor/gateway services from merchants. For Visa and MasterCard, the analyst sees sustained secular trends of growth in personal consumption expenditures and increasing adoption of electronic payments to drive annual revenue growth rates of up to 11% beyond FY18.

AXP

American Express

$101.24

0.62 (0.62%)

V

Visa

$129.95

-0.73 (-0.56%)

MA

MasterCard

$191.20

-1.14 (-0.59%)

PYPL

PayPal

$79.21

1.39 (1.79%)

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    Jun

AXP American Express
$101.24

0.62 (0.62%)

04/20/18
LOOP
04/20/18
NO CHANGE
Target $34
LOOP
Buy
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".
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.
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
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".
V Visa
$129.95

-0.73 (-0.56%)

04/11/18
LOOP
04/11/18
NO CHANGE
Target $70
LOOP
Hold
PayPal extension to banking services may add value, says Loop Capital
Loop Capital analyst Joseph Vafi writes that yesterday's suggestion by PayPal (PYPL) COO to direct more of the company's focus toward "bank-like services," including debit cards and check deposits, would be a positive strategic direction given the "underbanked" conditions, growth, and margin expansion potential of that market. Vafi adds that these services could also provide a brand expansion for Venmo and "stem transaction margin declines" in PayPal's core business. The analyst keeps his Hold rating and $70 price target however, stating that PayPal valuation is "essentially at parity" with the main card networks Visa (V) and MasterCard (MA).
04/17/18
JEFF
04/17/18
NO CHANGE
Target $200
JEFF
Buy
Jefferies boosts price targets on Mastercard, Visa ahead of Q1 results
Jefferies analyst Ramsey El-Assal raised his price target for Mastercard (MA) to $200 from $195 and for Visa (V) to $145 from $143 ahead of the Q1 earnings reports. The analyst's analysis of leading indicators points to a "healthy fundamental backdrop" for both companies in the quarter. He raised his estimates above consensus and maintains a "modest relative preference" for Mastercard citing a more favorable growth profile. El-Assal keeps Buy rating on both stocks.
05/17/18
UBSW
05/17/18
DOWNGRADE
Target $141
UBSW
Neutral
Visa assumed with a Neutral from Buy at UBS
UBS analyst Eric Wasserstrom assumed coverage of Visa and downgraded the shares to Neutral from Buy. The analyst lowered his price target for the shares to $141 from $144. He believes the current valuation already discounts the company's positive outlook.
05/03/18
BERN
05/03/18
NO CHANGE
BERN
Amazon poses a long-term risk to PayPal, says Bernstein
Bernstein analyst Harshita Rawat notes that Bloomberg reported that Amazon (AMZN) is offering discounts to merchants to adopt Amazon Pay. While the analyst sees limited "new news," he believes that Amazon poses a long-term, risk to PayPal (PYPL). Regarding impact on Visa (V) and MasterCard (MA), Rawat does believe Amazon brings some risk of brand obfuscation, pricing pressure and yet another formidable payment wallet to contend with. However, the risk is more contained than is often perceived, he adds.
MA MasterCard
$191.20

-1.14 (-0.59%)

05/11/18
TIGR
05/11/18
NO CHANGE
TIGR
Strong Buy
MasterCard growing its gross volume and market share, says Tigress Financial
Tigress Financial analyst Ivan Feinseth kept his Strong Buy rating on MasterCard, saying the company remains on his Research Focus List and Focus Opportunity Portfolio. The analyst notes the company continues to increase its gross dollar volume and market share penetration, accelerating its business performance. Feinseth adds that 2018 will be a strong year for the company as its benefits from constructive macroeconomic trends.
05/03/18
RHCO
05/03/18
NO CHANGE
Target $215
RHCO
Buy
MasterCard price target raised to $215 from $200 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on MasterCard to $215 and kept his Buy rating after its Q1 results. The analyst says the company is demonstrating its position as a "most innovative and competitively advantaged Payments ecosystem participant" with an "impressive" core business trend indicative of market share gains and cyclical tailwinds.
05/03/18
CANT
05/03/18
NO CHANGE
Target $213
CANT
Overweight
MasterCard price target raised to $213 from $198 at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi raised his price target for MasterCard to $213 following yesterday's Q1 results. The analyst likes Mastercard's "ability to grow faster than peers and its potential to expand margins." He reiterates an Overweight rating on the shares.
05/17/18
UBSW
05/17/18
INITIATION
Target $205
UBSW
Neutral
MasterCard initiated with a Neutral at UBS
UBS analyst Eric Wasserstrom started MasterCard with a Neutral rating and $205 price target. The analyst views the current valuation as full.MasterCard will benefit from sustained growth in personal consumption expenditures and increasing adoption of electronic payments, but this is already reflected in the shares, Wasserstrom tells investors in a research note.
PYPL PayPal
$79.21

1.39 (1.79%)

05/17/18
UBSW
05/17/18
UPGRADE
Target $90
UBSW
Buy
PayPal assumed with a Buy from Neutral at UBS
UBS analyst Eric Wasserstrom assumed coverage of PayPal Holdings and upgraded the shares to Buy from Neutral. The analyst raised his price target for the shares to $90 from $83. PayPal will benefit from sustained volume growth given the growing engagement from merchants and consumers, Wasserstrom tells investors in a research note. He sees these trends driving positive revisions to consensus earnings.
05/17/18
NOMU
05/17/18
NO CHANGE
Target $100
NOMU
Buy
PayPal investor day to serve as positive catalyst, says Nomura Instinet
Nomura Instinet analyst Bill Carcache expects PayPal's upcoming investor day to serve as a positive catalyst for the shares. The stock has range bound most of this year, as the benefit of positive earnings revisions has been largely offset by multiple compression that started when the company announced its eBay (EBAY) breakup at the end of January, Carcache tells investors in a research note. He raised his price target for PayPal shares to $100 from $98 and thinks the investor day will reignite investor enthusiasm. Carcache keeps a Buy rating on the name.
05/16/18
NOMU
05/16/18
NO CHANGE
Target $65
NOMU
Buy
Square app downloads growing faster than PayPal, says Nomura Instinet
Nomura Instinet analyst Dan Dolev says his firm's monthly app tracker shows Square (SQ) Cash App downloads are growing faster than PayPal's (PYPL) Venmo, with growth accelerating in recent months. In bitcoin, while Coinbase downloads are slowing versus peak, Square "remains balanced," Dolev tells investors in a research note titled "Tracker Shows SQ Cash App Is Surging." The analyst reiterates a Buy rating on Square with a $65 price target.

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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SPOT

Spotify

$169.33

-6.1 (-3.48%)

14:16
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BABA

Alibaba

$162.49

5.85 (3.73%)

14:13
09/19/18
09/19
14:13
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14:13
Periodicals
Alibaba no longer plans to bring 1M jobs to U.S. in wake of trade war, CNBC says »

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  • 28

    Oct

SAFM

Sanderson Farms

$100.90

-2.04 (-1.98%)

14:09
09/19/18
09/19
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14:09
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14:08
09/19/18
09/19
14:08
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14:08
Conference/Events
RBC Capital internet analyst to hold a luncheon »

Internet Analyst Mahaney…

14:06
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Conference/Events
RBC Capital multi-industry analyst to hold group luncheon »

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14:04
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14:04
Conference/Events
RBC Capital biotech analysts to hold a group breakfast »

Biotech Gene Therapy…

CZR

Caesars

$10.90

0.1 (0.93%)

14:00
09/19/18
09/19
14:00
09/19/18
14:00
Options
Caesars option volume is 2X daily average and calls lead puts 10:1 »

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ELAN

Elanco

$0.00

(0.00%)

, LLY

Eli Lilly

$105.83

-1.06 (-0.99%)

13:51
09/19/18
09/19
13:51
09/19/18
13:51
Initiation
Elanco, Eli Lilly initiated  »

Elanco initiated with a…

ELAN

Elanco

$0.00

(0.00%)

LLY

Eli Lilly

$105.83

-1.06 (-0.99%)

03/08/13
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LFUS

Littelfuse

$204.06

-9.68 (-4.53%)

13:41
09/19/18
09/19
13:41
09/19/18
13:41
Recommendations
Littelfuse analyst commentary  »

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MRK

Merck

$70.16

-0.26 (-0.37%)

, BMY

Bristol-Myers

$60.93

-0.55 (-0.89%)

13:36
09/19/18
09/19
13:36
09/19/18
13:36
Periodicals
Merck cuts key cancer drug price for China launch, Caixin reports »

Merck (MRK) will cut the…

MRK

Merck

$70.16

-0.26 (-0.37%)

BMY

Bristol-Myers

$60.93

-0.55 (-0.89%)

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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  • 16

    Feb

GLUU

Glu Mobile

$7.30

-0.285 (-3.76%)

13:35
09/19/18
09/19
13:35
09/19/18
13:35
Options
Glu Mobile put volume heavy and directionally bearish »

Bearish flow noted in Glu…

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REV

Revlon

$23.75

0.5 (2.15%)

, TLRY

Tilray

$227.50

72.51 (46.78%)

13:34
09/19/18
09/19
13:34
09/19/18
13:34
Periodicals
Revlon could be set for short squeeze similar to Tilray's, Mox Reports says »

Mox Reports, which has…

REV

Revlon

$23.75

0.5 (2.15%)

TLRY

Tilray

$227.50

72.51 (46.78%)

03/08/13
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TTWO

Take-Two

$129.93

-2.76 (-2.08%)

, SNE

Sony

$59.02

-0.8 (-1.34%)

13:32
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TTWO

Take-Two

$129.93

-2.76 (-2.08%)

SNE

Sony

$59.02

-0.8 (-1.34%)

MSFT

Microsoft

$111.22

-2.02 (-1.78%)

03/08/13
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13:30
09/19/18
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General news
Hurricane Florence »

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General news
U.S. equities remain mixed with the Dow up »

U.S. equities remain…

AMZN

Amazon.com

$1,913.86

-27.34 (-1.41%)

13:29
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13:29
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HEAR

Turtle Beach

$19.61

1.86 (10.48%)

13:25
09/19/18
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Options
Turtle Beach call volume above normal and directionally bullish »

Bullish option flow…

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WCN

Waste Connections

$79.49

-0.695 (-0.87%)

13:25
09/19/18
09/19
13:25
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13:25
Conference/Events
Waste Connections participates in a conference call with UBS »

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  • 19

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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09/19
13:16
09/19/18
13:16
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NYSE market internals summary »

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DRI

Darden

$117.54

-1.39 (-1.17%)

13:10
09/19/18
09/19
13:10
09/19/18
13:10
Options
Darden Restaurants with a bullish option play ahead of earnings »

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SSNLF

Samsung

$0.00

(0.00%)

13:09
09/19/18
09/19
13:09
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13:09
Periodicals
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MDXG

MiMedx

$5.39

0.11 (2.08%)

13:05
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09/19
13:05
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13:05
Options
MiMedx call volume above normal and directionally bullish »

Bullish option flow…

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  • 09

    Oct

AMZN

Amazon.com

$1,908.70

-32.5 (-1.67%)

, SFIX

Stitch Fix

$45.19

-5.295 (-10.49%)

12:55
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Online retailers slide as Amazon reportedly testing recommendation service »

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AMZN

Amazon.com

$1,908.70

-32.5 (-1.67%)

SFIX

Stitch Fix

$45.19

-5.295 (-10.49%)

WMT

Walmart

$95.58

0.15 (0.16%)

FB

Facebook

$161.05

0.74 (0.46%)

W

Wayfair

$136.31

-6.92 (-4.83%)

WSM

Williams-Sonoma

$66.04

-1.3 (-1.93%)

SHOO

Steven Madden

$57.00

-0.7 (-1.21%)

03/08/13
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