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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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AXP American Express
$101.24

0.62 (0.62%)

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.
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".
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).
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.
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.
MA MasterCard
$191.20

-1.14 (-0.59%)

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.
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.
PYPL PayPal
$79.21

1.39 (1.79%)

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.
05/17/18
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.
05/16/18
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.

TODAY'S FREE FLY STORIES

BKE

The Buckle

$25.75

0.65 (2.59%)

08:55
05/25/18
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  • 25

    May

BAC

Bank of America

$30.19

-0.26 (-0.85%)

, PBR

Petrobras

$12.77

-2.335 (-15.46%)

08:55
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Options
Notable open interest changes for May 25th »

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BAC

Bank of America

$30.19

-0.26 (-0.85%)

PBR

Petrobras

$12.77

-2.335 (-15.46%)

AAPL

Apple

$188.18

-0.18 (-0.10%)

AFSI

AmTrust

$13.73

-0.045 (-0.33%)

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  • 30

    May

ROST

Ross Stores

$82.95

0.35 (0.42%)

08:52
05/25/18
05/25
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08:52
Technical Analysis
Technical Take: Ross Stores falls after earnings »

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GPS

Gap

$32.97

1 (3.13%)

, FL

Foot Locker

$46.38

1.35 (3.00%)

08:52
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On The Fly: Pre-market Movers »

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GPS

Gap

$32.97

1 (3.13%)

FL

Foot Locker

$46.38

1.35 (3.00%)

DECK

Deckers Brands

$103.63

0.8 (0.78%)

HIBB

Hibbett Sports

$28.95

0.6 (2.12%)

AMRN

Amarin

$3.04

0.04 (1.33%)

TEVA

Teva

$21.64

0.485 (2.29%)

BMRN

BioMarin

$88.30

-0.2 (-0.23%)

ZOES

Zoe's Kitchen

$14.48

-0.41 (-2.75%)

EGHT

8x8, Inc.

$22.00

0.35 (1.62%)

ADSK

Autodesk

$138.76

-0.54 (-0.39%)

SPLK

Splunk

$116.35

-0.2 (-0.17%)

CBB

Cincinnati Bell

$15.93

-0.225 (-1.39%)

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    Sep

LOMA

Loma Negra

$11.52

-1.47 (-11.32%)

08:51
05/25/18
05/25
08:51
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08:51
Upgrade
Loma Negra rating change  »

Loma Negra upgraded to…

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LOMA

Loma Negra

$11.52

-1.47 (-11.32%)

08:50
05/25/18
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08:50
Hot Stocks
Loma Negra says not under investigation in Argentina for cartelization »

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SPY

SPDR S&P 500 ETF Trust

$272.87

-0.5 (-0.18%)

, SPX

S&P 500

$0.00

(0.00%)

08:49
05/25/18
05/25
08:49
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08:49
General news
Trump says 'time will tell' after 'warm and productive' North Korean statement »

President Donald Trump…

SPY

SPDR S&P 500 ETF Trust

$272.87

-0.5 (-0.18%)

SPX

S&P 500

$0.00

(0.00%)

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HLF

Herbalife Nutrition

$53.85

-0.14 (-0.26%)

08:47
05/25/18
05/25
08:47
05/25/18
08:47
Hot Stocks
Herbalife Nutrition announces preliminary results of self-tender offer »

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FCAU

Fiat Chrysler

$22.26

-0.205 (-0.91%)

08:46
05/25/18
05/25
08:46
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08:46
Hot Stocks
Fiat Chrysler recalls estimated 4.8M U.S.-market vehicles for software upgrade »

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08:45
05/25/18
05/25
08:45
05/25/18
08:45
Conference/Events
Federal Reserve Chairman Powell participates in a panel discussion »

Federal Reserve Chairman…

NOK

Nokia

$6.09

-0.01 (-0.16%)

, AAOI

Applied Optoelectronics

$33.91

0.24 (0.71%)

08:45
05/25/18
05/25
08:45
05/25/18
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

NOK

Nokia

$6.09

-0.01 (-0.16%)

AAOI

Applied Optoelectronics

$33.91

0.24 (0.71%)

MDXG

MiMedx

$8.86

-0.12 (-1.34%)

GERN

Geron

$4.81

0.14 (3.00%)

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08:45
05/25/18
05/25
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General news
Treasury Action: yields remained at low ebb »

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08:35
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U.S. durable goods orders fell 1.7% in April »

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TIF

Tiffany

$126.44

0.3 (0.24%)

08:34
05/25/18
05/25
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Tiffany analyst commentary  »

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DECK

Deckers Brands

$103.63

0.8 (0.78%)

08:34
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USNA

USANA

$116.75

-2.85 (-2.38%)

08:34
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05/25
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USANA clinical sciences team to be led by Rolando Maddela, Jessie Johnson »

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WB

Weibo

$102.36

-1.08 (-1.04%)

08:33
05/25/18
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08:33
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Weibo analyst commentary  »

Weibo risk/reward…

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  • 10

    Sep

HWC

Hancock Whitney Corporation

$51.60

-0.2 (-0.39%)

, BBRG

Bravo Brio Restaurant

$4.05

(0.00%)

08:30
05/25/18
05/25
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05/25/18
08:30
Options
One new option listing and two option delistings on May 25th »

New option listings for…

HWC

Hancock Whitney Corporation

$51.60

-0.2 (-0.39%)

BBRG

Bravo Brio Restaurant

$4.05

(0.00%)

HBHC

Symbol changed to HWC

$51.60

-0.2 (-0.39%)

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08:30
05/25/18
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General news
Fed Chairman Powell will make an appearance »

Fed Chairman Powell will…

SPLK

Splunk

$116.35

-0.2 (-0.17%)

08:28
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05/25
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08:28
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Splunk analyst commentary  »

Splunk price target…

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  • 10

    Jul

FL

Foot Locker

$46.38

1.35 (3.00%)

08:27
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Technical Take: Foot Locker sharply higher after earning beat, outlook »

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  • 25

    May

WAL

Western Alliance

$61.53

-0.305 (-0.49%)

, FCB

FCB Financial

$61.60

0.2 (0.33%)

08:26
05/25/18
05/25
08:26
05/25/18
08:26
Recommendations
Western Alliance, FCB Financial analyst commentary  »

Western Alliance unlikely…

WAL

Western Alliance

$61.53

-0.305 (-0.49%)

FCB

FCB Financial

$61.60

0.2 (0.33%)

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LH

LabCorp

$175.31

-0.27 (-0.15%)

, DGX

Quest Diagnostics

$100.89

-0.34 (-0.34%)

08:25
05/25/18
05/25
08:25
05/25/18
08:25
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LabCorp, Quest Diagnostics, UnitedHealth, Aetna analyst commentary  »

UnitedHealth news…

LH

LabCorp

$175.31

-0.27 (-0.15%)

DGX

Quest Diagnostics

$100.89

-0.34 (-0.34%)

UNH

UnitedHealth

$242.73

-1.48 (-0.61%)

AET

Aetna

$177.05

-0.31 (-0.17%)

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  • 30

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ZOES

Zoe's Kitchen

$14.48

-0.41 (-2.75%)

08:21
05/25/18
05/25
08:21
05/25/18
08:21
Downgrade
Zoe's Kitchen rating change  »

Zoe's Kitchen…

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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
05/25/18
05/25
08:21
05/25/18
08:21
Technical Analysis
DJ Transportation Average: Pivot points »

The following are the…

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