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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

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

WOLWF

Woolworths Group

$0.00

(0.00%)

18:51
01/21/19
01/21
18:51
01/21/19
18:51
Downgrade
Woolworths Group rating change at Citi »

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LLESY

Lendlease Group

$0.00

(0.00%)

18:48
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18:48
Upgrade
Lendlease Group rating change at Citi »

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EFSC

Enterprise Financial

$41.41

0.99 (2.45%)

17:56
01/21/19
01/21
17:56
01/21/19
17:56
Earnings
Enterprise Financial reports Q4 EPS $1.02, consensus 95c »

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FB

Facebook

$150.01

1.77 (1.19%)

16:36
01/21/19
01/21
16:36
01/21/19
16:36
Periodicals
Facebook planning to add 1,000 jobs in Ireland by year-end, Reuters says »

Facebook will hire an…

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FB

Facebook

$150.01

1.77 (1.19%)

16:33
01/21/19
01/21
16:33
01/21/19
16:33
Periodicals
Facebook's WhatsApp limits users to five text forwards, Reuters reports »

Facebook's WhatsApp…

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ENB

Enbridge

$36.10

0.425 (1.19%)

16:28
01/21/19
01/21
16:28
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16:28
Periodicals
Enbridge gas pipeline explosion creates fireball in Ohio, Reuters says »

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LIN

Linde plc

$160.76

3.48 (2.21%)

16:25
01/21/19
01/21
16:25
01/21/19
16:25
Periodicals
Linde Plc to launch $6B share buyback scheme, Reuters says »

Linde Plc said it would…

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  • 28

    May

HENKY

Henkel

$0.00

(0.00%)

16:01
01/21/19
01/21
16:01
01/21/19
16:01
Downgrade
Henkel rating change at Goldman Sachs »

Henkel downgraded to…

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CAG

Conagra Brands

$21.58

0.34 (1.60%)

14:06
01/21/19
01/21
14:06
01/21/19
14:06
Hot Stocks
Conagra exploring alternatives for Italian-based frozen pasta business »

Conagra Brands announced…

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  • 22

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13:15
01/21/19
01/21
13:15
01/21/19
13:15
General news
IMF trimmed global growth amid "no-deal" Brexit and trade war concerns »

IMF trimmed global growth…

UQM

UQM Technologies

$1.10

0.05 (4.76%)

13:05
01/21/19
01/21
13:05
01/21/19
13:05
Hot Stocks
UQM Technologies acquired by Danfoss Power Solutions for $1.71 per share »

UQM Technologies…

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SNY

Sanofi

$41.50

-0.54 (-1.28%)

12:37
01/21/19
01/21
12:37
01/21/19
12:37
Hot Stocks
Sanofi granted U.K. marketing authorization for TIV High Dose »

U.K. marketing…

03/08/13
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03/06/13
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  • 28

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RTN

Raytheon

$165.11

2.285 (1.40%)

12:33
01/21/19
01/21
12:33
01/21/19
12:33
Hot Stocks
Raytheon awarded $24.36M order for F/A-18 aircraft system repair »

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IBCP

Independent Bank

$22.80

-0.11 (-0.48%)

11:26
01/21/19
01/21
11:26
01/21/19
11:26
Hot Stocks
Independent Bank boosts quarterly dividend by 20% to 18c »

Independent Bank…

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  • 29

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11:25
01/21/19
01/21
11:25
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11:25
General news
FX Update: The dollar majors have been directionally challenged »

FX Update: The dollar…

EDIT

Editas Medicine

$26.16

-0.01 (-0.04%)

11:25
01/21/19
01/21
11:25
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11:25
Hot Stocks
Editas Medicine announces publication of EDIT-101 data in Nature Medicine »

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

, GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

11:23
01/21/19
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Hot Stocks
France's National Data Protection Commission fines Google 50M euros »

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

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LAD

Lithia Motors

$87.13

1.57 (1.84%)

10:25
01/21/19
01/21
10:25
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10:25
Conference/Events
Lithia Motors to host special shareholder meeting »

Special shareholder…

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CYDY

CytoDyn

$0.00

(0.00%)

10:25
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Conference/Events
CytoDyn participates in lunch meeting with Philadelphia Securities »

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  • 21

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ABT

Abbott

$71.43

0.9 (1.28%)

09:50
01/21/19
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09:50
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Abbott announces FDA approval of TactiCath Contact Force Ablation Catheter »

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SFUN

Fang Holdings

$1.88

-0.01 (-0.53%)

09:48
01/21/19
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09:48
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09:48
Hot Stocks
Fang announces management changes, proposed China Index spin-off »

Fang Holdings announced a…

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TS

Tenaris

$24.32

0.64 (2.70%)

09:45
01/21/19
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09:45
Hot Stocks
Tenaris closes acquisition of 47.79% of Saudi Steel Pipe shares »

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PAAS

Pan American Silver

$14.17

-0.31 (-2.14%)

09:42
01/21/19
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09:42
Hot Stocks
Pan American reports 2018 silver production 24.8M ounces »

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CRWS

Crown Crafts

$5.68

(0.00%)

09:38
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Crown Crafts announces retirement of NoJo Baby & Kids CEO »

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AL

Air Lease

$37.50

0.6 (1.63%)

, BA

Boeing

$364.79

5.52 (1.54%)

09:36
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Air Lease announces lease placement of Boeing 737 MAX 9 »

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AL

Air Lease

$37.50

0.6 (1.63%)

BA

Boeing

$364.79

5.52 (1.54%)

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