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STI

SunTrust

$73.06

1.49 (2.08%)

16:16
08/14/18
08/14
16:16
08/14/18
16:16

SunTrust raises quarterly dividend to 50c per share

The dividend is payable on September 17 to common shareholders of record at the close of business on August 31.

STI SunTrust
$73.06

1.49 (2.08%)

07/25/18
ARGS
07/25/18
NO CHANGE
Target $81
ARGS
Buy
SunTrust price target raised to $81 from $75 at Argus
Argus analyst Stephen Biggar raised his price target on SunTrust to $81 and kept his Buy rating after its better than expected Q2 results. The analyst cites net interest margin expansion and a sharply lower provision for loan losses in the quarter because of the bank's "strong credit quality". Biggar is also positive on the latest Federal Reserve CCAR decision on its capital, leading to a 25% increase in the bank's dividend and a $2B stock repurchase, which is up 52% from prior year. The analyst notes that SunTrust's modest premium is justified by its strong regional banking presence and balance sheet positioning for higher interest rates.
07/23/18
07/23/18
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. Duke Energy (DUK) upgraded to Neutral from Underweight at JPMorgan with analyst Christopher Turnure saying execution risk is priced into the shares at current levels and the company's visibility is improved following recent regulatory outcomes. 2. SunTrust (STI) upgraded to Buy from Neutral at B. Riley FBR with analyst Steve Moss citing the company's better outlook for revenue growth and efficiency improvement following its "good" Q2 results. 3. Cleveland-Cliffs (CLF) upgraded to Overweight from Neutral at JPMorgan with analyst Michael Gambardella citing the company's "strong" U.S. iron ore earnings momentum and the removal of an overhang with the Asia Pacific Iron Ore sale. 4. Delphi Technologies (DLPH) upgraded to Outperform from Perform at Oppenheimer with analyst Noah Kaye saying that trade risks, peak U.S. SAAR concerns, light duty diesel decline and potential long-term disruption from electrification have all contributed to a tempest of negative sentiment on the auto suppliers. 5. Essex Property Trust (ESS) upgraded to Market Perform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/23/18
MACQ
07/23/18
DOWNGRADE
MACQ
Underperform
SunTrust downgraded to Underperform on lower Q2 core profitability at Macquarie
Macquarie downgraded SunTrust to Underperform from Neutral due to lower Q2 reported core profitability, premium valuation, and lower than expected returns versus peers.
07/23/18
RILY
07/23/18
UPGRADE
Target $81
RILY
Buy
SunTrust upgraded to Buy from Neutral at B. Riley FBR
B. Riley FBR analyst Steve Moss upgraded SunTrust Banks to Buy and raised his price target for the shares to $81 from $70. The analyst cites the company's better outlook for revenue growth and efficiency improvement following its "good" Q2 results for the upgrade to Buy.

TODAY'S FREE FLY STORIES

07:40
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General news
Oil Action: WTI crude »

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TMUS

T-Mobile

$72.68

-0.67 (-0.91%)

, S

Sprint

$5.61

-0.01 (-0.18%)

07:39
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T-Mobile, Sprint analyst commentary  »

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T-Mobile

$72.68

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Conference/Events
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PRO

Pros Holdings

$45.06

-0.25 (-0.55%)

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PFPT

Proofpoint

$131.35

3.56 (2.79%)

07:36
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Proofpoint analyst commentary at KeyBanc »

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CELG

Celgene

$93.93

0.82 (0.88%)

, XLRN

Acceleron

$41.19

0.62 (1.53%)

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Celgene

$93.93

0.82 (0.88%)

XLRN

Acceleron

$41.19

0.62 (1.53%)

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ACB

Aurora Cannabis

$9.07

-0.045 (-0.49%)

07:36
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Aurora Cannabis makes $10M equity investment in EnWave »

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ANET

Arista Networks

$318.30

-7.02 (-2.16%)

07:35
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AAL

American Airlines

$33.36

-0.64 (-1.88%)

07:35
04/26/19
04/26
07:35
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07:35
Earnings
American Airlines lowers FY19 adj. EPS view to $4.00-$6.00 from $5.50-$7.50 

Consensus $5.63.

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FB

Facebook

$193.23

10.59 (5.80%)

, INTC

Intel

$57.59

-1.13 (-1.92%)

07:35
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04/26
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Options
Unusual call flow in option market yesterday »

Notable call activity was…

FB

Facebook

$193.23

10.59 (5.80%)

INTC

Intel

$57.59

-1.13 (-1.92%)

MRVL

Marvell

$25.42

-0.03 (-0.12%)

APC

Anadarko

$71.76

0.35 (0.49%)

OXY

Occidental Petroleum

$61.81

-0.19 (-0.31%)

ZNGA

Zynga

$5.47

-0.115 (-2.06%)

GT

Goodyear Tire

$19.56

-0.54 (-2.69%)

CARA

Cara Therapeutics

$19.39

0.335 (1.76%)

RSG

Republic Services

$79.46

0.16 (0.20%)

03/08/13
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07:34
04/26/19
04/26
07:34
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07:34
Conference/Events
FDA Anti-Microbial Drugs Advisory Committee to hold a meeting »

The Committee discusses…

AVGO

Broadcom

$311.99

-2.11 (-0.67%)

, QRVO

Qorvo

$77.33

0.09 (0.12%)

07:34
04/26/19
04/26
07:34
04/26/19
07:34
Recommendations
Broadcom, Qorvo analyst commentary  »

Broadcom price target…

AVGO

Broadcom

$311.99

-2.11 (-0.67%)

QRVO

Qorvo

$77.33

0.09 (0.12%)

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  • 07

    May

AAL

American Airlines

$33.36

-0.64 (-1.88%)

07:33
04/26/19
04/26
07:33
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07:33
Earnings
American Airlines reports Q1 adj. EPS 52c, consensus 51c »

Reports Q1 revenue…

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QRVO

Qorvo

$77.33

0.09 (0.12%)

, AVGO

Broadcom

$311.99

-2.11 (-0.67%)

07:32
04/26/19
04/26
07:32
04/26/19
07:32
Downgrade
Qorvo, Broadcom rating change  »

Qorvo downgraded to…

QRVO

Qorvo

$77.33

0.09 (0.12%)

AVGO

Broadcom

$311.99

-2.11 (-0.67%)

03/08/13
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  • 07

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IMAX

Imax

$25.05

0.02 (0.08%)

07:31
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04/26
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07:31
Earnings
Imax reports Q1 adjusted EPS 18c, consensus 18c »

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AMZN

Amazon.com

$1,902.53

1.81 (0.10%)

07:30
04/26/19
04/26
07:30
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07:30
Recommendations
Amazon.com analyst commentary at Barclays »

Amazon.com price target…

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AJG

Arthur J. Gallagher

$82.75

0.68 (0.83%)

07:30
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07:30
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07:30
Recommendations
Arthur J. Gallagher analyst commentary at SunTrust »

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  • 14

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SFUN

Fang Holdings

$1.62

0.08 (5.19%)

07:30
04/26/19
04/26
07:30
04/26/19
07:30
Earnings
Breaking Earnings news story on Fang Holdings »

Fang Holdings sees FY18…

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  • 26

    Apr

SAVE

Spirit Airlines

$52.91

-5.39 (-9.25%)

07:30
04/26/19
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07:30
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07:30
Recommendations
Spirit Airlines analyst commentary at Stephens »

Spirit Airlines issues…

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SWN

Southwestern Energy

$4.03

-0.13 (-3.13%)

, YPF

YPF

$13.70

-0.29 (-2.07%)

07:30
04/26/19
04/26
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Options
Unusual put flow in option market yesterday »

Notable put activity was…

SWN

Southwestern Energy

$4.03

-0.13 (-3.13%)

YPF

YPF

$13.70

-0.29 (-2.07%)

WAB

Wabtec

$71.41

-5.16 (-6.74%)

MAS

Masco

$37.50

-2.48 (-6.20%)

ODFL

Old Dominion

$152.25

-6.74 (-4.24%)

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AMZN

Amazon.com

$1,902.53

1.81 (0.10%)

07:29
04/26/19
04/26
07:29
04/26/19
07:29
Recommendations
Amazon.com analyst commentary at Wedbush »

Amazon.com price target…

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SFUN

Fang Holdings

$1.62

0.08 (5.19%)

07:28
04/26/19
04/26
07:28
04/26/19
07:28
Earnings
Fang Holdings reports Q4 non-GAAP EPS 2c vs. 5c last year »

Reports Q4 revenue…

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  • 26

    Apr

APD

Air Products

$199.63

0.13 (0.07%)

07:27
04/26/19
04/26
07:27
04/26/19
07:27
Recommendations
Air Products analyst commentary  »

Air Products price target…

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TSCO

Tractor Supply

$105.09

1 (0.96%)

07:26
04/26/19
04/26
07:26
04/26/19
07:26
Recommendations
Tractor Supply analyst commentary at Wedbush »

Tractor Supply price…

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  • 09

    May

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    Nov

HFWA

Heritage Financial

$30.77

-0.6 (-1.91%)

07:26
04/26/19
04/26
07:26
04/26/19
07:26
Downgrade
Heritage Financial rating change  »

Heritage Financial…

03/08/13
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