Breaking News Instant updates and real-time market news.

C

Citi

$69.49

0.85 (1.24%)

, CAT

Caterpillar

$134.50

2.49 (1.89%)

10:03
08/16/18
08/16
10:03
08/16/18
10:03

Citi Retail Services announces long-term agreement with Caterpillar Financial

Citi Retail Services (C) announced a long-term agreement with Caterpillar Financial Services Corporation (CAT) to provide a private label credit card program in the United States and Canada. Cat Financial will jointly manage the overall program and continue to provide guidance on the product offerings while transitioning the origination and portfolio management responsibilities to Citi. Cat Financial offers a wide range of financing solutions to customers and Cat dealers for Cat machinery and engines, Solar Gas Turbines and other equipment and marine vessels. Citi Retail Services is one of North America's largest and most experienced retail credit solution providers, delivering consumer and commercial credit card products, both private label and co-brand, to retailers and their clients. The new Cat Card Program will offer both commercial and consumer financing options to give customers the flexibility to finance parts, servicing and rental needs at participating Cat dealers in the United States and Canada.

C

Citi

$69.49

0.85 (1.24%)

CAT

Caterpillar

$134.50

2.49 (1.89%)

  • 14

    Jan

  • 15

    Apr

  • 13

    Jul

  • 12

    Oct

C Citi
$69.49

0.85 (1.24%)

06/29/18
OPCO
06/29/18
NO CHANGE
Target $88
OPCO
Outperform
Oppenheimer says 'particularly pleased' with Citi's $17.6B share buyback
Following the release of CCAR results for 2018, Oppenheimer analysts Chris Kotowski and Ben Chittenden told investors in a research note that they are "particularly pleased" with Citi's (C) $17.6B share buyback, up 13% from last year and above their $16.5B estimate, while the dividend increase to 45c was also 5c better than expected. The analysts noted that both Goldman (GS) and Morgan Stanley (MS) got "conditional passes" on their capital plans, as both banks "ran a bit afoul" of the supplementary leverage ratio limitation.
07/16/18
BMOC
07/16/18
NO CHANGE
Target $85
BMOC
Market Perform
Citi price target raised to $85 from $76 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Citi to $85 after its Q2 earnings beat that was driven by better than expected investment banking and credit growth. The analyst also states that Citi's Q2 capital markets-related revenues were higher than expected, while the provisions for loan losses were lower than previously modeled. Fotheringham notes that Citi stock is "cheap again" following a 10% year-to-date decline, trading at only a 6.8-times two-year forward core earnings relative to its 9.5-times historical multiple.
07/20/18
OPCO
07/20/18
NO CHANGE
OPCO
Perform
Wells Fargo's next few earnings reports likely to be 'choppy,' says Oppenheimer
Oppenheimer analyst Chris Kotowski maintained a Perform rating on Wells Fargo (WFC) after recent meetings with CFO John Shrewsberry. In a research note to investors, Kotowski says there was nothing that shakes his view that the next few quarterly earnings reports are likely to still be "choppy," and notes that Shewsberry "readily acknowledged" that there was much work to be done to get the consent order lifted. At the same time, the analyst contends that shares are not trading at much of a discount versus other high performing banks like JPMorgan (JPM) and PNC (PNC) and says he favors companies that have lower but rising ROTCEs that are trading near TBV, especially Citi (C), CIT (CIT) and Goldman (GS).
07/27/18
RHCO
07/27/18
NO CHANGE
Target $240
RHCO
Buy
MasterCard price target raised to $240 from $215 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on MasterCard to $240 and kept his Buy rating, saying the company is demonstrating expansion of global market share while posting a 14% Q2 volume growth. The analyst adds that while MasterCard has a higher valuation than PayPal (PYPL) and Visa (V) - a 10% relative EBITDA premium - it is justified and may even be too narrow given its superior growth sustainability and margin upside.
CAT Caterpillar
$134.50

2.49 (1.89%)

07/31/18
BMOC
07/31/18
NO CHANGE
Target $185
BMOC
Outperform
Caterpillar price target lowered to $185 from $195 at BMO Capital
BMO Capital analyst Joel Tiss lowered his price target on Caterpillar to $185 after its Q2 results while also rolling out his model to 2020 with a 12.5-times forward earnings multiple - a "conservative" outlook relative to its historical peak valuation range of 12-14-times. Tiss is also keeping his Outperform rating on Caterpillar, noting that investors are likely underappreciating its progress on profitability and diversification with little evidence that any of the company's markets are positioned for a correction.
07/31/18
07/31/18
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. CBS (CBS) downgraded to Market Perform from Outperform at Cowen with analyst Doug Creutz saying the combination of the legal fight with National Amusements, the potential for a recombination with Viacom (VIAB) and the allegations of sexual harassment against CEO Les Moonves create "too many unquantifiable variables." 2. Caterpillar (CAT) downgraded to Equal Weight from Overweight at Barclays with analyst Adam Seiden saying the company's largest end-markets are no longer at trough. Further, he believes Caterpillar's second half of 2018 price initiatives, directed towards offsetting supply chain and materials cost increases, will limit its ability to expand margins. 3. WisdomTree (WETF) downgraded to Sell from Neutral at Citi with analyst William Katz saying he believes WisdomTree's price-to-earnings multiple can further contract amid mixed flow dynamics and flat earnings growth prospects out to 2020. 4. Adient (ADNT) downgraded to Underweight from Equal Weight at Morgan Stanley. 5. Tupperware Brands (TUP) downgraded to Sell from Hold at Argus with analyst Deborah Ciervo citing the company's disappointing Q2 revenue and reduced outlook for FY18. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/31/18
07/31/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. JEFFERIES UPS RATING, TARGET FOR CHIPOTLE: Jefferies analyst Andy Barish upgraded Chipotle Mexican Grill (CMG) to Buy from Hold and raised his price target for the shares to $550 from $400. Barish believes Chipotle is one of the better positioned companies to benefit from the ongoing shift to digital/off-premise. The company's operations are now poised to again handle increased volume and throughput, the analyst contended. Further, he believes new management's plans are "credible" and should help drive results in 2019 and beyond. The analyst called the stock a top mid-cap pick. NOMURA UPGRADES TWITTER TO NEUTRAL: Nomura Instinet analyst Mark Kelley upgraded Twitter (TWTR) to Neutral from Reduce with an unchanged price target of $31. After selling off 27% since the Q2 earnings report on July 27, expectations have been appropriately reset, Kelley told investors. The analyst believes Twitter's investments to clean up the platform will prove a longer term positive and lead to a more engaged user base. BARCLAYS PREFERS DEERE TO CATERPILLAR: Barclays analyst Adam Seiden downgraded Caterpillar (CAT) to Equal Weight from Overweight and lowered his price target for the shares to $155 from $170. The company's largest end-markets are no longer at trough, and the analyst believes Caterpillar's second half of 2018 price initiatives, directed towards offsetting supply chain and materials cost increases, will limit its ability to expand margins. The analyst prefers shares of Deere (DE) and CNH Industrial (CNH), which he says are at similar valuations but are earlier in their market cycles. CITI SAYS SELL WISDOMTREE: Citi analyst William Katz placed a low probability on Franklin Resources (BEN) acquiring WisdomTree (WETF), and downgraded WisdomTree to Sell, lowering his price target for the shares to $7 from $10. The analyst downgraded the shares to Neutral on July 13. Katz believes WisdomTree's price-to-earnings multiple can further contract amid mixed flow dynamics and flat earnings growth prospects out to 2020. JPMORGAN SAYS GOPRO MAY SEE SHORT SQUEEZE: JPMorgan analyst Paul Coster believes "muted" expectations and elevated short-interest could position GoPro (GPRO) shares for a "short squeeze" rally after the company's Q2 results. The analyst expects the company to post an in-line quarter. GoPro must entice existing users to upgrade to a new flagship camera expected to be released in early Q4, and convert new users for a product category that "feels a bit long in the tooth now," Coster said. He lowered his price target for GoPro shares to $7 from $8 and kept a Neutral rating on GoPro.
08/13/18
BRRR
08/13/18
NO CHANGE
Target $9
BRRR
Outperform
ASV Holdings price target lowered to $9 from $11 at Barrington
Barrington analyst Chris Howe lowered his price target for ASV Holdings (ASV) to $9 following the company's weaker than expected Q2 results. The quarter was impacted by a decline in undercarriage sales to Caterpillar (CAT) and increased input costs from the steel tariff, Howe tells investors in a post-earnings research note. The analyst, however, keeps an Outperform rating on ASV Holdings. He believes the company's revenue growth will pick up as its dealer network matures and turns over inventory at a faster rate.

TODAY'S FREE FLY STORIES

NSEC

National Security Group

$15.22

0.83 (5.77%)

16:01
09/21/18
09/21
16:01
09/21/18
16:01
Hot Stocks
National Security Group sees losses from Hurricane Florence of $1M-$1.5M »

The National Security…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPPI

Spectrum

$21.44

-0.08 (-0.37%)

16:01
09/21/18
09/21
16:01
09/21/18
16:01
Conference/Events
Spectrum to hold a conference call »

Management discusses the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Oct

TWTR

Twitter

$28.58

-1.28 (-4.29%)

15:58
09/21/18
09/21
15:58
09/21/18
15:58
Hot Stocks
Twitter addresses bug that could have resulted in data going to wrong developer »

In a blog post, Twitter…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

IVZ

Invesco

$24.20

-0.215 (-0.88%)

15:47
09/21/18
09/21
15:47
09/21/18
15:47
Periodicals
Invesco in talks for MassMutual OppenheimerFunds unit, Bloomberg says »

Invesco is in talks to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AAPL

Apple

$217.85

-2.15 (-0.98%)

15:47
09/21/18
09/21
15:47
09/21/18
15:47
Hot Stocks
Apple says earlier issues with App Store, iTunes Store resolved »

Apple, which said earlier…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

BA

Boeing

$372.35

4.65 (1.26%)

15:42
09/21/18
09/21
15:42
09/21/18
15:42
Hot Stocks
Boeing delivers first 787 Dreamliner for Shanghai Airlines »

Boeing and Shanghai…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MET

MetLife

$48.79

0.36 (0.74%)

15:42
09/21/18
09/21
15:42
09/21/18
15:42
Conference/Events
MetLife to host investor day »

Investor Day to be held…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Sep

T

AT&T

$34.15

0.705 (2.11%)

, CMCSA

Comcast

$37.97

0.155 (0.41%)

15:41
09/21/18
09/21
15:41
09/21/18
15:41
Periodicals
DOJ pressing case to break up AT&T deal, Fox Business' Gasparino says »

Charlie Gasparino of Fox…

T

AT&T

$34.15

0.705 (2.11%)

CMCSA

Comcast

$37.97

0.155 (0.41%)

CMCSK

Comcast

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 21

    Oct

  • 06

    Nov

  • 12

    Nov

TM

Toyota

$124.66

-0.305 (-0.24%)

, GOOG

Alphabet

$1,171.65

-15.43 (-1.30%)

15:40
09/21/18
09/21
15:40
09/21/18
15:40
Periodicals
Toyota agrees to allow Android Auto devices to connect directly, Bloomberg says »

Toyota Motor (TM) plans…

TM

Toyota

$124.66

-0.305 (-0.24%)

GOOG

Alphabet

$1,171.65

-15.43 (-1.30%)

GOOGL

Alphabet Class A

$1,177.32

-14.24 (-1.20%)

AAPL

Apple

$218.00

-2 (-0.91%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 21

    Oct

  • 25

    Oct

  • 25

    Oct

  • 28

    Oct

  • 03

    Mar

SOHU

Sohu.com

$21.44

0.71 (3.43%)

15:40
09/21/18
09/21
15:40
09/21/18
15:40
Options
Bullish spread in Sohu as shares see strength on September expiration Friday »

Bullish spread in Sohu as…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ANTM

Anthem

$273.26

-0.86 (-0.31%)

15:39
09/21/18
09/21
15:39
09/21/18
15:39
Conference/Events
Anthem management to meet with JPMorgan »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Sep

  • 25

    Sep

COP

ConocoPhillips

$75.85

0.48 (0.64%)

, RDS.A

Royal Dutch Shell

$67.21

0.38 (0.57%)

15:38
09/21/18
09/21
15:38
09/21/18
15:38
Periodicals
Saudi Arabia worried about light crude supplies, WSJ says »

A day after President…

COP

ConocoPhillips

$75.85

0.48 (0.64%)

RDS.A

Royal Dutch Shell

$67.21

0.38 (0.57%)

CVX

Chevron

$120.58

1.12 (0.94%)

TOT

Total

$63.38

-0.64 (-1.00%)

BP

BP

$44.60

0.02 (0.04%)

XOM

Exxon Mobil

$85.12

0.29 (0.34%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

  • 26

    Sep

CCK

Crown Holdings

$48.41

0.44 (0.92%)

15:30
09/21/18
09/21
15:30
09/21/18
15:30
Options
Notable call spreads in Crown Holdings »

Notable call spreads in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BX

Blackstone

$39.78

1.99 (5.27%)

, KKR

KKR

$28.25

0.18 (0.64%)

15:27
09/21/18
09/21
15:27
09/21/18
15:27
Hot Stocks
Blackstone president says still studying possible shift to C-Corp »

In interview earlier on…

BX

Blackstone

$39.78

1.99 (5.27%)

KKR

KKR

$28.25

0.18 (0.64%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Sep

  • 25

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
09/21/18
09/21
15:17
09/21/18
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
09/21/18
09/21
15:16
09/21/18
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ZAYO

Zayo Group

$35.11

0.02 (0.06%)

15:14
09/21/18
09/21
15:14
09/21/18
15:14
Conference/Events
Zayo Group management to meet with JPMorgan »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Sep

SHY

iShares 1-3 Year Treasury Bond

$83.05

0.015 (0.02%)

15:10
09/21/18
09/21
15:10
09/21/18
15:10
Options
Four-week puts in iShares 1 to 3 Year Treasury Bond ETF »

Four-week puts in iShares…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WOPEY

Woodside Petroleum

$0.00

(0.00%)

15:06
09/21/18
09/21
15:06
09/21/18
15:06
Conference/Events
Woodside Petroleum management to meet with JPMorgan »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Sep

  • 24

    Sep

  • 25

    Sep

  • 26

    Sep

  • 27

    Sep

STM

STMicroelectronics

$18.90

-0.15 (-0.79%)

15:05
09/21/18
09/21
15:05
09/21/18
15:05
Options
STMicroelectronics call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

15:05
09/21/18
09/21
15:05
09/21/18
15:05
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$292.39

0.1826 (0.06%)

14:59
09/21/18
09/21
14:59
09/21/18
14:59
Periodicals
Hassett: U.S. close to trade agreement with Mexico but not Canada, Reuters says »

White House economic…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$292.39

0.1826 (0.06%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TM

Toyota

$124.67

-0.295 (-0.24%)

, GOOGL

Alphabet Class A

$1,178.42

-13.14 (-1.10%)

14:57
09/21/18
09/21
14:57
09/21/18
14:57
Periodicals
Breaking Periodicals news story on Toyota, Alphabet Class A, Alphabet »

Toyota agrees to allow…

TM

Toyota

$124.67

-0.295 (-0.24%)

GOOGL

Alphabet Class A

$1,178.42

-13.14 (-1.10%)

GOOG

Alphabet

$1,172.77

-14.31 (-1.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Sep

  • 21

    Oct

  • 25

    Oct

  • 25

    Oct

  • 28

    Oct

  • 03

    Mar

ZION

Zions Bancorp

$52.64

0.15 (0.29%)

14:50
09/21/18
09/21
14:50
09/21/18
14:50
Options
Timely call buying in Zions Bancorp »

Timely call buying in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

14:50
09/21/18
09/21
14:50
09/21/18
14:50
General news
Treasury Action: supply is heavy in the busy week ahead »

Treasury Action: supply…

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.