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AXP

American Express

$100.79

1.06 (1.06%)

, GSKY

GreenSky

$17.85

-0.05 (-0.28%)

08:02
08/06/18
08/06
08:02
08/06/18
08:02

American Express, GreenSky announce new strategic alliance

American Express (AXP) and GreenSky (GSKY) announced a strategic alliance to bring enhanced digital payments and financing capabilities to help merchants grow their businesses and give consumers greater flexibility in financing their purchases. The multi-faceted collaboration will enable eligible U.S. merchants within the American Express network and the customers they serve to access GreenSky's proprietary point-of-sale financing solutions. Using GreenSky's platform and technology, home improvement and elective healthcare merchants that accept American Express will be able to drive incremental sales by providing qualifying customers with options to finance large purchases in a paperless environment. Customers apply for installment loan financing via GreenSky's mobile app, online or over the phone, and typically receive a decision and transact within 60 seconds. GreenSky will also have access to American Express vPayment, a virtual payments solution, in order to facilitate purchases via virtual account numbers delivered to approved customers. In addition, the companies plan to pilot a digital direct loan option with a platform for eligible American Express consumer Card Members to search for participating merchants within GreenSky's network, and to finance their purchases at participating American Express accepting merchants of their choosing within or outside of GreenSky's merchant network. The direct to consumer loans would initially be offered in the home improvement category in five U.S. cities.

AXP

American Express

$100.79

1.06 (1.06%)

GSKY

GreenSky

$17.85

-0.05 (-0.28%)

  • 07

    Aug

  • 08

    Aug

AXP American Express
$100.79

1.06 (1.06%)

07/19/18
BMOC
07/19/18
NO CHANGE
Target $106
BMOC
Market Perform
American Express price target raised to $106 at BMO Capital after small Q2 beat
BMO Capital analyst James Fotheringham nudged his price target on American Express to $106 from $103 following its marginal Q2 earnings beat, driven by its "better net interest income, costs, and credit". Longer term, the analyst keeps his Market Perform rating on the company given its "multiple growth headwinds", including the "discount rate decline, reinvestments, growth math, and net interest margin pressure."
07/20/18
DZBN
07/20/18
UPGRADE
DZBN
Buy
American Express upgraded to Buy from Hold at DZ Bank
07/20/18
07/20/18
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. American Express (AXP) upgraded to Buy from Hold at DZ Bank. 2. Duke Energy (DUK) upgraded to Neutral from Sell at Citi with analyst Praful Mehta saying Duke has dealt with his primary concern about its credit following tax reform with its recent deals. 3. Anixter (AXE) upgraded to Buy from Neutral at Longbow with analyst Shawn Harrison citing checks which showed that North American enterprise spending accelerated as the second quarter progressed while industrial spending grew in the high-single to low double digits. 4. RLI Corp. (RLI) upgraded to Sector Perform from Underperform at RBC Capital with analyst Mark Dwelle saying the company has "resolved reserve and margin concerns" that previously drove his negative view, with the re-emergence of growth placing its earnings and return on equity on a more "favorable track." 5. Beacon Roofing (BECN) upgraded to Overweight from Equal Weight at Stephens with analyst Trey Grooms pointing out that his industry checks show distributors have been able to make up some lost ground over the busier selling months and noting that roofing manufacturers have pushed through three separate price increases year-to-date and plan for another in the August/September time frame. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/30/18
KBWI
07/30/18
NO CHANGE
Target $125
KBWI
Outperform
American Express selloff on WSJ article 'probably overdone,' says Keefe Bruyette
Keefe Bruyette analyst Sanjay Sakhrani says the selloff today in shares of American Express is "probably overdone." The analyst has an Outperform rating on the stock with a $125 price target. The Wall Street Journal this morning reported that American Express recruited business clients, mostly small and mid-size businesses, with low currency-conversion rates before raising their prices without notifying customers. The stock in morning trading is down 3%, or $3.11, to $100.74.
GSKY GreenSky
$17.85

-0.05 (-0.28%)

06/18/18
06/18/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. International Paper (IP) resumed a Hold at Deutsche Bank. 2. EVO Payments (EVOP) was initiated with an Overweight at JPMorgan, an Outperform at William Blair, a Buy at SunTrust, a Market Perform at Cowen, a Hold at Deutsche Bank, as well as a Neutral at Goldman Sachs and Citi. 3. Torchlight Energy Resources (TRCH) initiated with a Buy at Roth Capital. 4. GreenSky (GSKY) initiated with a Buy at Goldman Sachs, Guggenheim and SunTrust, an Overweight at JPMorgan and Morgan Stanley, an Outperform at Credit Suisse, a Neutral at BofA/Merrill, and a Hold at Sandler O'Neill. 5. Catasys (CATS) initiated with a Buy at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/18/18
RAJA
06/18/18
INITIATION
Target $28
RAJA
Outperform
GreenSky initiated with an Outperform at Raymond James
Raymond James initiated GreenSky with an Outperform rating and $28 price target.
06/19/18
SBSH
06/19/18
INITIATION
Target $28
SBSH
Buy
GreenSky initiated with a Buy at Citi
Citi analyst Ashwin Shirvaikar started GreenSky with a Buy rating and $28 price target. The analyst believes the company's 28 times forward price-to-earnings multiple is a "justifiable premium" to most other FinTech names given its "strong" 30%-plus annual revenue growth and mid-to-high 20% pre-tax earnings.
07/19/18
MSCO
07/19/18
NO CHANGE
MSCO
Morgan Stanley upgrades Payments and Processing industry to Attractive
Morgan Stanley analyst James Faucette upgraded his view of the Payments and Processing industry to Attractive, citing the firm's U.S. Strategy Team's call for rotation out of Technology and his view that Payments will be seen as an attractive option for investors looking to become more defensive. Investors underappreciate the resilience of consumer spending and Faucette sees the potential for his Payments coverage market-cap weighted earnings growth to accelerate organically to 15% over 2018-2020 from 11% growth over the last three years, he tells investors. In the group, the firm has Overweight ratings on Visa (V), MasterCard (MA), PayPal (PYPL), GreenSky (GSKY), Worldpay (WP) and FleetCor (FLT). Morgan Stanley has Underweight ratings on Western Union (WU) and On Deck Capital (ONDK), having downgraded On Deck this morning.

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IFF

International Flavors

$122.54

-0.98 (-0.79%)

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QRVO

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ATI

Allegheny Technologies

$26.02

0.065 (0.25%)

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INAP

Internap

$4.98

0.17 (3.53%)

21:33
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Internap rating change at Wells Fargo »

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DRI

Darden

$108.62

-1.79 (-1.62%)

, CAG

Conagra Brands

$22.91

0.095 (0.42%)

20:25
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Darden

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Commercial Metals

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G-III Apparel

$35.09

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HYMTF

Hyundai Motor

$0.00

(0.00%)

19:51
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CVBF

CVB Financial

$21.12

-0.53 (-2.45%)

19:45
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CVB Financial raises quarterly dividend to 18c from 14c per share »

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KAMN

Kaman

$57.84

0.345 (0.60%)

19:24
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  • 17

    Apr

VALE

Vale

$13.49

-0.21 (-1.53%)

19:19
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  • 28

    Mar

EQH

AXA Equitable

$20.84

-0.565 (-2.64%)

19:12
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AXA Equitable 40M share Secondary priced at $20.50 »

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  • 21

    Mar

OTTW

Ottawa Bancorp

$13.56

-0.14 (-1.02%)

19:02
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Ottawa Bancorp declares special dividend of 35c per share »

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JAZZ

Jazz Pharmaceuticals

$133.73

-1.74 (-1.28%)

18:57
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Jazz Pharmaceuticals' Sunosi for excessive daytime sleepiness approved by FDA »

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  • 20

    Mar

AYI

Acuity Brands

$123.00

-5.53 (-4.30%)

18:52
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18:52
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Acuity Brands rating change at Goldman Sachs »

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  • 03

    Apr

HYAC

Haymaker Acquisition

$11.79

(0.00%)

, OSW

OneSpaWorld

$0.00

(0.00%)

18:47
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Hot Stocks
OneSpaWorld says will start trading on Nasdaq March 21 »

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HYAC

Haymaker Acquisition

$11.79

(0.00%)

OSW

OneSpaWorld

$0.00

(0.00%)

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MLHR

Herman Miller

$35.07

-0.85 (-2.37%)

, MU

Micron

$40.08

-0.3 (-0.74%)

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Herman Miller

$35.07

-0.85 (-2.37%)

MU

Micron

$40.08

-0.3 (-0.74%)

WSM

Williams-Sonoma

$56.88

0.09 (0.16%)

SIEN

Sientra

$9.76

0.945 (10.73%)

EB

Eventbrite

$20.09

-0.72 (-3.46%)

GES

Guess

$22.10

-0.41 (-1.82%)

UNIT

Uniti Group

$10.01

0.15 (1.52%)

WEX

Wex

$184.85

-1.465 (-0.79%)

CBMG

Cellular Biomedicine

$18.26

0.38 (2.13%)

FTDR

Frontdoor

$32.10

-2.29 (-6.66%)

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    Mar

SAGE

Sage Therapeutics

$152.62

-3.46 (-2.22%)

18:39
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Sage Therapeutics CEO: Postpartum depression is a medical issue »

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NVDA

Nvidia

$174.38

-1.39 (-0.79%)

18:27
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Recommendations
Nvidia analyst commentary at Tigress Financial »

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CURLF

Curaleaf Holdings

$0.00

(0.00%)

, CVS

CVS Health

$56.17

-0.93 (-1.63%)

18:24
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Periodicals
CVS to start selling CBD products in partnership with Curaleaf, Bloomberg says »

Curaleaf (CURLF) said…

CURLF

Curaleaf Holdings

$0.00

(0.00%)

CVS

CVS Health

$56.17

-0.93 (-1.63%)

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  • 25

    Mar

PETQ

PetIQ

$29.87

0.91 (3.14%)

18:23
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PetIQ CEO: We are totally transparent about our price model »

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  • 20

    Mar

T

AT&T

$30.51

-0.19 (-0.62%)

18:21
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03/20
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Periodicals
AT&T CEO: Huawei makes it hard for carriers to shift suppliers, Reuters says »

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  • 20

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SGSOY

SGS SA

$0.00

(0.00%)

18:19
03/20/19
03/20
18:19
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18:19
Downgrade
SGS SA rating change at Goldman Sachs »

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CLX

Clorox

$155.94

-0.93 (-0.59%)

, RBGLY

Reckitt Benckiser

$0.00

(0.00%)

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Clorox files false advertising lawsuit against Reckitt Benckiser »

The Clorox Company (CLX)…

CLX

Clorox

$155.94

-0.93 (-0.59%)

RBGLY

Reckitt Benckiser

$0.00

(0.00%)

03/08/13
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  • 28

    May

BA

Boeing

$376.41

2.54 (0.68%)

18:09
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Boeing pushes flight test to International Space Station to August, Reuters says »

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  • 20

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CE

Celanese

$101.04

0.08 (0.08%)

18:02
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Celanese increases acetyl intermeditates prices »

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  • 18

    Apr

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