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DB

Deutsche Bank

$12.28

0.1 (0.82%)

06:19
07/25/18
07/25
06:19
07/25/18
06:19

Deutsche Bank: Adjusted cost reductions 'on track'

Deutsche Bank made progress in executing on strategic actions announced by the new management team in April: In the Private & Commercial Bank, the merger of Deutsche Bank's German Private & Commercial Business with Postbank was completed on schedule in May, creating a combined entity with 20 million clients and Germany's largest private and commercial bank. The reshaping of the Corporate & Investment Bank has made considerable progress: o Front-office workforce reductions are now well advanced. o Substantial deleveraging has been completed, with reductions in leverage exposure in specific areas such as Equities and US Rates. Adjusted cost reductions are on track, due to workforce reductions and progress in reducing non-compensation costs. Management is committed to reducing adjusted costs quarter by quarter in the second half of 2018.

DB Deutsche Bank
$12.28

0.1 (0.82%)

11/20/17
11/20/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wal-Mart (WMT) downgraded to Neutral from Buy at Goldman Sachs with analyst Matthew Fassler sayign valuation following "powerful" share appreciation now reflects the company's progress in growing earnings. 2. Five Below (FIVE) downgraded to Hold from Buy at Loop Capital with analyst Anthony Chukumba citing valuation. 3. Live Nation (LYV) downgraded to In Line from Outperform at Evercore ISI with analyst David Joyce citing valuation. 4. Monster Beverage (MNST) downgraded to Negative from Neutral at Susquehanna with analyst Pablo Zuanic citing its high valuation, which he believes is misplaced due to assumptions about an offer from Coca-Cola (KO). 5. Deutsche Bank (DB) downgraded to Underperform from Market Perform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/14/18
02/14/18
DOWNGRADE
Target $48

Hold
Luxoft downgraded to Hold on 'elongated turnaround' at Pivotal Research
As previously reported, Pivotal Research analyst Lou Miscioscia downgraded Luxoft (LXFT) to Hold from Buy, as he now expects most of FY19 to be "a struggle." He had expected the company's two biggest customers - namely Deutsche Bank (DB) and UBS (UBS) - to be about flat for FY19, but now they are suggested to be down 20% and 5%, respectively, Miscioscia said. Noting also that the company cut its FY18 guidance along with its Q3 report, the analyst lowered his price target on Luxoft to $48 from $70.
02/19/18
BOFA
02/19/18
UPGRADE
BOFA
Neutral
Deutsche Bank upgraded to Neutral from Underperform at BofA/Merrill
06/01/18
RBCM
06/01/18
DOWNGRADE
RBCM
Underperform
Deutsche Bank downgraded to Underperform from Sector Perform at RBC Capital

TODAY'S FREE FLY STORIES

COP

ConocoPhillips

06:27
07/17/19
07/17
06:27
07/17/19
06:27
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ConocoPhillips rating change  »

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  • 30

    Jul

PEB

Pebblebrook Hotel

$27.37

-0.195 (-0.71%)

, HLT

Hilton

$99.87

0.68 (0.69%)

06:27
07/17/19
07/17
06:27
07/17/19
06:27
Downgrade
Pebblebrook Hotel, Hilton, Marriott, Wyndham Hotels & Resorts rating change  »

Pebblebrook Hotel…

PEB

Pebblebrook Hotel

$27.37

-0.195 (-0.71%)

HLT

Hilton

$99.87

0.68 (0.69%)

MAR

Marriott

$143.94

1.17 (0.82%)

WH

Wyndham Hotels & Resorts

$61.20

0.5 (0.82%)

03/08/13
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EXLS

ExlService

$65.12

-0.45 (-0.69%)

06:23
07/17/19
07/17
06:23
07/17/19
06:23
Downgrade
ExlService rating change  »

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  • 30

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    Aug

GLOB

Globant

$106.97

-0.64 (-0.59%)

06:21
07/17/19
07/17
06:21
07/17/19
06:21
Downgrade
Globant rating change  »

Globant downgraded to…

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  • 02

    Aug

MUX

McEwen Mining

$1.72

-0.02 (-1.15%)

06:21
07/17/19
07/17
06:21
07/17/19
06:21
Hot Stocks
McEwen Mining reports Q2 production 45,881 gold equivalent oz. »

McEwen Mining reports…

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AMZN

Amazon.com

$2,010.00

-11 (-0.54%)

06:20
07/17/19
07/17
06:20
07/17/19
06:20
Periodicals
Amazon exec Dave Clark defends company in CNN op-ed »

Dave Clark, Amazon's…

03/08/13
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  • 17

    Jul

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    Jul

WORK

Slack Technologies

$34.43

-0.35 (-1.01%)

, MSFT

Microsoft

$137.08

-1.86 (-1.34%)

06:19
07/17/19
07/17
06:19
07/17/19
06:19
Initiation
Slack Technologies, Microsoft, Alphabet, Alphabet Class A initiated  »

Slack Technologies…

WORK

Slack Technologies

$34.43

-0.35 (-1.01%)

MSFT

Microsoft

$137.08

-1.86 (-1.34%)

GOOG

Alphabet

$1,152.97

2.58 (0.22%)

GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

03/08/13
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    Oct

GOOG

Alphabet

$1,152.97

2.58 (0.22%)

, GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

06:18
07/17/19
07/17
06:18
07/17/19
06:18
Periodicals
Google terminating 'Project Dragonfly' censored search engine for China, BI says »

Google is killing the…

GOOG

Alphabet

$1,152.97

2.58 (0.22%)

GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

03/08/13
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  • 17

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    Aug

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    Oct

ADBE

Adobe

$305.76

-2.95 (-0.96%)

06:18
07/17/19
07/17
06:18
07/17/19
06:18
Recommendations
Adobe analyst commentary  »

UBS believes Adobe can…

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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PRGS

Progress Software

$40.57

-1.04 (-2.50%)

06:16
07/17/19
07/17
06:16
07/17/19
06:16
Upgrade
Progress Software rating change  »

Progress Software…

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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  • 24

    Jul

GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

, GOOG

Alphabet

$1,152.97

2.58 (0.22%)

06:15
07/17/19
07/17
06:15
07/17/19
06:15
Periodicals
Palantir co-founder Joe Lonsdale calls Google 'unpatriotic,' CNBC reports »

The co-founder of data…

GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

GOOG

Alphabet

$1,152.97

2.58 (0.22%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 17

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    Oct

OMP

Oasis Midstream Partners

$21.78

(0.00%)

06:15
07/17/19
07/17
06:15
07/17/19
06:15
Initiation
Oasis Midstream Partners initiated  »

Oasis Midstream Partners…

03/08/13
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03/06/13
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TGE

Tallgrass Energy

06:14
07/17/19
07/17
06:14
07/17/19
06:14
Initiation
Tallgrass Energy initiated  »

Tallgrass Energy…

03/08/13
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03/08/13
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  • 25

    Jul

NGL

NGL Energy Partners

$15.30

0.11 (0.72%)

06:13
07/17/19
07/17
06:13
07/17/19
06:13
Initiation
NGL Energy Partners initiated  »

NGL Energy Partners…

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NBLX

Noble Midstream

$32.45

-0.3 (-0.92%)

06:13
07/17/19
07/17
06:13
07/17/19
06:13
Initiation
Noble Midstream initiated  »

Noble Midstream initiated…

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  • 02

    Aug

IMRN

Immuron

$4.27

1.43 (50.35%)

06:11
07/17/19
07/17
06:11
07/17/19
06:11
Syndicate
Immuron 339.1K share Spot Secondary priced at $4.00 »

The deal priced below the…

03/08/13
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  • 17

    Jul

PAA

Plains All American

$24.57

-0.04 (-0.16%)

06:10
07/17/19
07/17
06:10
07/17/19
06:10
Initiation
Plains All American initiated  »

Plains All American…

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  • 06

    Aug

ET

Energy Transfer LP

$14.94

0.03 (0.20%)

06:10
07/17/19
07/17
06:10
07/17/19
06:10
Initiation
Energy Transfer LP initiated  »

Energy Transfer LP…

03/08/13
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03/06/13
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03/06/13
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DIS

Disney

$144.33

-0.72 (-0.50%)

06:09
07/17/19
07/17
06:09
07/17/19
06:09
Periodicals
Disney collects data on Disneyland guests via 'MagicBands,' Bloomberg reports »

Disney monitors usage of…

03/08/13
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  • 06

    Aug

EPD

Enterprise Products

$30.32

0.005 (0.02%)

06:08
07/17/19
07/17
06:08
07/17/19
06:08
Initiation
Enterprise Products initiated  »

Enterprise Products…

03/08/13
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  • 17

    Jul

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    Jul

CSX

CSX

$79.57

1.05 (1.34%)

06:07
07/17/19
07/17
06:07
07/17/19
06:07
Downgrade
CSX rating change  »

CSX downgraded to Equal…

03/08/13
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  • 26

    Aug

  • 13

    Nov

MTSI

Macom

$15.55

0.01 (0.06%)

06:06
07/17/19
07/17
06:06
07/17/19
06:06
Upgrade
Macom rating change  »

Macom upgraded to…

03/08/13
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FB

Facebook

$203.87

-0.06 (-0.03%)

06:05
07/17/19
07/17
06:05
07/17/19
06:05
Periodicals
Swiss group FDPIC says hasn't heard from Facebook over Libra, CNBC reports »

David Marcus, the head of…

03/08/13
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03/08/13
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  • 17

    Jul

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  • 24

    Jul

ONDK

On Deck Capital

$3.99

0.06 (1.53%)

06:03
07/17/19
07/17
06:03
07/17/19
06:03
Hot Stocks
On Deck Capital, Upserve announce financing partnership »

OnDeck and Upserve, a…

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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  • 29

    Jul

  • 06

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  • 13

    Nov

SCS

Steelcase

$17.43

-0.21 (-1.19%)

06:03
07/17/19
07/17
06:03
07/17/19
06:03
Downgrade
Steelcase rating change  »

Steelcase downgraded to…

03/08/13
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03/06/13
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