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BLK

BlackRock

$486.50

-0.41 (-0.08%)

09:50
08/09/18
08/09
09:50
08/09/18
09:50

Defensive spread in BlackRock just after the opening bell Thursday

Defensive spread in BlackRock just after the opening bell Thursday. Shares off 58c to $486.47 and 1.1K Oct 470 - 480 put spraeds bought for $3.30. The vertical spread trades 2.5K total and opens both legs. The new position reaps a max payout if shares fall 3.4% to $470 or worse through the October expiration and captures one earnings report (estimated date is 10/11). September 2017 52-week low is $412.19.

BLK BlackRock
$486.50

-0.41 (-0.08%)

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.
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.
07/13/18
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.
07/02/18
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.

TODAY'S FREE FLY STORIES

INTL

INTL FCStone

$40.63

0.86 (2.16%)

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GOOG

Alphabet

$1,266.84

17.88 (1.43%)

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$1,271.95

18.01 (1.44%)

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$1,266.84

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$1,271.95

18.01 (1.44%)

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IRBT

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$131.30

2.59 (2.01%)

15:34
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GT

Goodyear Tire

$20.02

-0.31 (-1.52%)

15:25
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Goodyear Tire call volume above normal and directionally bullish »

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TXN

Texas Instruments

$116.26

1.32 (1.15%)

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Texas Instruments options imply 6.2% move in share price post-earnings, above median historical move »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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EBAY

eBay

$36.71

0.555 (1.54%)

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Options
EBay options imply 9.6% move in share price post-earnings, above median historical move »

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  • 23

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SFTBF

SoftBank

$0.00

(0.00%)

, WCAGY

Wirecard

$0.00

(0.00%)

14:54
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Breaking Periodicals news story on SoftBank, Wirecard »

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SFTBF

SoftBank

$0.00

(0.00%)

WCAGY

Wirecard

$0.00

(0.00%)

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SNAP

Snap

$11.98

0.45 (3.90%)

14:49
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Options
Snap Inc. options imply 24.0% move in share price post-earnings, above median historical move »

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  • 23

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ADSK

Autodesk

$175.89

3.7 (2.15%)

14:45
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Options
Autodesk call volume above normal and directionally bullish »

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TWTR

Twitter

$39.78

5.39 (15.67%)

14:45
04/23/19
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14:45
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Twitter rating change at Cowen »

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  • 23

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    May

DB

Deutsche Bank

$8.59

-0.165 (-1.88%)

, CRZBY

Commerzbank

$0.00

(0.00%)

14:40
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Periodicals
Deutsche Bank weighs creating 'bad bank,' WSJ reports »

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DB

Deutsche Bank

$8.59

-0.165 (-1.88%)

CRZBY

Commerzbank

$0.00

(0.00%)

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  • 26

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NWL

Newell Brands

$14.28

-0.12 (-0.83%)

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ALGN

Align Technology

$298.21

7.43 (2.56%)

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PYPL

PayPal

$107.00

0.22 (0.21%)

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$NSD

NASDAQ Market Internals

$0.00

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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Technical Analysis
NYSE market internals summary »

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HOG

Harley-Davidson

$39.54

-0.17 (-0.43%)

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  • 23

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AG

First Majestic

$5.99

0.105 (1.78%)

14:05
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Options
First Majestic call volume above normal and directionally bullish »

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  • 06

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F

Ford

$9.45

0.105 (1.12%)

, AMZN

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$1,926.80

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F

Ford

$9.45

0.105 (1.12%)

AMZN

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$1,926.80

38.7 (2.05%)

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  • 23

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  • 09

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F

Ford

$9.46

0.115 (1.23%)

, AMZN

Amazon.com

$1,926.53

38.43 (2.04%)

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Hot Stocks
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F

Ford

$9.46

0.115 (1.23%)

AMZN

Amazon.com

$1,926.53

38.43 (2.04%)

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TWTR

Twitter

$39.82

5.43 (15.79%)

13:59
04/23/19
04/23
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13:59
Recommendations
Twitter analyst commentary at Baird »

Twitter price target…

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  • 23

    Apr

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ADNT

Adient

$25.11

-0.43 (-1.68%)

13:55
04/23/19
04/23
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13:55
Options
Adient put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 07

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