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BLK

BlackRock

$482.27

6.9 (1.45%)

06:18
08/06/18
08/06
06:18
08/06/18
06:18

Pimco, BlackRock accused of subprime 'profit gouging', FT reports

Bill Erbey, founder of subprime mortgage servicing company Ocwen Financial, is pursuing legal action against Pimco and BlackRock claiming the asset management firms accelerated foreclosure action against struggling American subprime borrowers following the financial crisis, the Financial Times reports, citing an action for unspecified damages. Erbey Holding Corporation and related entities claim a "covert criminal conspiracy" was perpetrated with the "specific intent and purpose of gouging enormous profits from the forced foreclosures and confiscation of the homes of hundreds of thousands of struggling families all across the United States". Reference Link

BLK BlackRock
$482.27

6.9 (1.45%)

07/02/18
JPMS
07/02/18
NO CHANGE
Target $547
JPMS
Overweight
BlackRock removed from Analyst Focus List at JPMorgan
JPMorgan analyst Kenneth Worthington removed BlackRock from his firm's Analyst Focus List and lowered his price target for the shares to $547 from $618. The analyst sees the macro environment as "less constructive" for BlackRock near term. Divergent beta trends have turned negative in recent months with both non-U.S. currencies and non-U.S. markets underperforming, Worthington tells investors in a research note. The analyst, however, continues to believe longer term secular trends are strong for iShares and keeps an Overweight rating on BlackRock.
07/13/18
KBWI
07/13/18
UPGRADE
KBWI
Outperform
BlackRock upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Robert Lee upgraded BlackRock to Outperform saying shares deserve a premium valuation given its strong secular position and views the recent sell-off as a buying opportunity. The analyst believes BlackRock will be able to sustain an organic growth rate over time in the mid-single-digit range, driving a premium valuation versus peers. Lee trimmed his price target on BlackRock to $590 from $617.
07/13/18
07/13/18
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. VF Corp. (VFC) upgraded two notches to Buy from Underperform at BofA/Merrill with analyst Robert Ohmes saying he believes Vans momentum is sustainable and will be a "go-to-brand" for the back-to-school selling season. 2. United Rentals (URI) and Herc Holdings (HRI) were upgraded to Buy from Neutral at Buckingham. 3. Raymond James (RJF) upgraded to Buy from Neutral at Citi with analyst William Katz saying he still prefers alternative managers. 4. M.D.C. Holdings (MDC) upgraded to Neutral from Underweight at JPMorgan with analyst Michael Rehaut saying the current valuation appropriately reflects his outlook for above average order growth and margin expansion in 2018. 5. BlackRock (BLK) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Robert Lee saying shares deserve a premium valuation given its strong secular position and views the recent sell-off as a buying 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.
07/17/18
GSCO
07/17/18
NO CHANGE
Target $570
GSCO
Buy
BlackRock price target lowered to $570 from $605 at Goldman Sachs
Goldman Sachs analyst Alexander Blostein lowered his price target on BlackRock to $570 after its Q2 results, which highlighted a "challenging market backdrop" along with a deceleration in the company's organic fee growth to 4% from 7%. The analyst keeps his Buy rating on BlackRock however, stating that the slowdown in fees was likely "market driven" and does not reflect "company specific weaknesses", adding that BlackRock still has the "operating flexibility to deliver above trend operating income growth, while accelerating technology revenue growth". Blostein lowers his FY18 EPS forecast to $27.57 from $27.96 and FY19 to $30.81 from $31.64 to reflect lowers asset under management levels and lower ETF fee rates partially offset by stronger technology revenues and more accretion from stock buybacks.

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RHHBY

Roche

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ALGN

Align Technology

$253.83

1.51 (0.60%)

05:09
03/19/19
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05:09
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Align Technology analyst commentary  »

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MGMB

MGM Holdings

$0.00

(0.00%)

, MGM.B

MGM Holdings

$0.00

(0.00%)

05:03
03/19/19
03/19
05:03
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05:03
Recommendations
MGM Holdings, MGM Holdings analyst commentary at Imperial Capital »

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CWH

Camping World

$13.45

-0.07 (-0.52%)

04:55
03/19/19
03/19
04:55
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04:55
Downgrade
Camping World rating change  »

Camping World downgraded…

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04:55
03/19/19
03/19
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Conference/Events
UBS technology analyst to hold an analyst/industry conference call »

Technology Analyst Lowe…

AHT

Ashford Hospitality

$4.81

0.09 (1.91%)

04:55
03/19/19
03/19
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04:55
Conference/Events
Ashford Hospitality management to meet with B. Riley FBR »

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ANDE

Andersons

$34.32

-0.26 (-0.75%)

04:55
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03/19
04:55
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04:55
Conference/Events
Andersons management to meet with Buckingham »

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CPST

Capstone Turbine

$0.93

0.0602 (6.91%)

, CEVA

Ceva

$27.85

-0.63 (-2.21%)

04:55
03/19/19
03/19
04:55
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04:55
Conference/Events
Roth Capital to hold a conference »

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CPST

Capstone Turbine

$0.93

0.0602 (6.91%)

CEVA

Ceva

$27.85

-0.63 (-2.21%)

ORA

Ormat Technologies

$55.25

-0.12 (-0.22%)

ATEA

Astea

$0.00

(0.00%)

AKTS

Akoustis

$6.47

-0.02 (-0.31%)

ALRM

Alarm.com

$61.72

0.74 (1.21%)

VERI

Veritone

$6.49

0.23 (3.67%)

WAAS

AquaVenture

$19.78

-0.6 (-2.94%)

SRAX

Social Reality

$2.65

-0.06 (-2.21%)

MOBL

MobileIron

$5.03

0.03 (0.60%)

RUN

Sunrun

$14.85

0.09 (0.61%)

QTNA

Quantenna Communications

$21.07

-0.21 (-0.99%)

CWCO

Consolidated Water

$13.49

0.09 (0.67%)

EVER

EverQuote

$7.50

0.18 (2.46%)

PXLW

Pixelworks

$4.12

0.33 (8.71%)

BBSI

Barrett Business

$79.51

0.04 (0.05%)

FIVN

Five9

$54.86

0.43 (0.79%)

TMDI

Titan Medical

$3.29

(0.00%)

MNLO

Menlo Therapeutics

$7.98

0.15 (1.92%)

CRWS

Crown Crafts

$5.22

-0.025 (-0.48%)

ASUR

Asure Software

$6.22

-0.03 (-0.48%)

BOXL

Boxlight

$2.85

0.09 (3.26%)

CTEK

CynergisTek

$4.55

0.11 (2.48%)

EIDX

Eidos Therapeutics

$20.22

0.54 (2.74%)

IOTS

Adesto Technologies

$6.33

-0.1 (-1.56%)

SUMR

Summer Infant

$0.75

0.0024 (0.32%)

03/08/13
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    Jun

NOAH

Noah Holdings

$46.87

0.5 (1.08%)

04:55
03/19/19
03/19
04:55
03/19/19
04:55
Conference/Events
Noah Holdings management to meet with JPMorgan »

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ALDR

Alder Biopharmaceuticals

$13.72

0.21 (1.55%)

04:55
03/19/19
03/19
04:55
03/19/19
04:55
Conference/Events
Alder Biopharmaceuticals management to meet with SVB Leerink »

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  • 19

    Mar

JMP

JMP Group

$3.86

-0.085 (-2.15%)

04:55
03/19/19
03/19
04:55
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04:55
Conference/Events
JMP Group management to meet with Barrington »

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  • 19

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WCN

Waste Connections

$84.90

0.48 (0.57%)

04:55
03/19/19
03/19
04:55
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04:55
Conference/Events
Waste Connections management to meet with Oppenheimer »

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WIFI

Boingo Wireless

$21.14

-0.65 (-2.98%)

04:55
03/19/19
03/19
04:55
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04:55
Conference/Events
Boingo Wireless management to meet with William Blair »

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MKTX

MarketAxess

$237.77

4.27 (1.83%)

04:55
03/19/19
03/19
04:55
03/19/19
04:55
Conference/Events
MarketAxess management to meet with Buckingham »

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  • 19

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MGA

Magna

$49.29

0.45 (0.92%)

04:55
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03/19
04:55
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04:55
Conference/Events
Magna management to meet with JPMorgan »

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CYAD

Celyad

$21.35

(0.00%)

04:55
03/19/19
03/19
04:55
03/19/19
04:55
Conference/Events
Celyad management to meet with William Blair »

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    Apr

AEE

Ameren

$72.49

-0.55 (-0.75%)

04:55
03/19/19
03/19
04:55
03/19/19
04:55
Conference/Events
Ameren management to meet with Wolfe Research »

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  • 19

    Mar

NGVT

Ingevity

$106.91

5.72 (5.65%)

04:55
03/19/19
03/19
04:55
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04:55
Conference/Events
Ingevity management to meet with Loop Capital »

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04:55
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Breaking General news story  »

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ITCI

Intra-Cellular

$12.84

-0.59 (-4.39%)

04:55
03/19/19
03/19
04:55
03/19/19
04:55
Conference/Events
Intra-Cellular participates in a conference call with JPMorgan »

JPMorgan Biotech Analyst…

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PLYA

Playa Hotels & Resorts

$8.07

0.12 (1.51%)

04:55
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03/19
04:55
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04:55
Conference/Events
Playa Hotels & Resorts management to meet with SunTrust »

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  • 19

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EXTN

Exterran

$18.30

0.4 (2.23%)

04:55
03/19/19
03/19
04:55
03/19/19
04:55
Conference/Events
Exterran management to meet with Piper Jaffray »

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ITRM

Iterum Therapeutics

$5.63

0.16 (2.93%)

04:55
03/19/19
03/19
04:55
03/19/19
04:55
Conference/Events
Iterum Therapeutics management to meet with Needham »

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