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STT

State Street

$84.95

0.73 (0.87%)

12:47
08/18/18
08/18
12:47
08/18/18
12:47

State Street selloff looks overdone, Barron's says

At the moment, State Street is the worst-performing major bank stock so far this year as investors have worried since it announced a $2.6B acquisition of Charles River Development, a maker of trading systems and analytic software, Andrew Bary writes in this week's edition of Barron's. But the selloff looks overdone, Bary adds, noting that State Street has one of the lower price/earnings ratios among large banks and an attractive fee-based business model of focusing on custodial services and asset management. Overall, a low valuation makes the stock attractive, Barron's says. Reference Link

STT State Street
$84.95

0.73 (0.87%)

04/23/18
DBAB
04/23/18
UPGRADE
Target $116
DBAB
Buy
State Street upgraded to Buy with $116 price target at Deutsche Bank
Deutsche Bank analyst Brian Bedell upgraded State Street to Buy from Hold and raised his price target for the shares to $116 from $108. The analyst raised his estimates for the company to reflect the "strong" Q1 results and its new servicing commitments of $1.3 trillion. He also believes State Street is positioned benefit from increased market volatility.
08/02/18
KBWI
08/02/18
DOWNGRADE
Target $91
KBWI
Market Perform
State Street downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl downgraded State Street to Market Perform and lowered his price target to $91 from $97 to account for the impact of the Charles River Development acquisition. The analyst warns that the deal has increased the risks for State Street investors, while the anticipated revenue synergies may not emerge. Kleinhanzl says that he prefers a neutral stance until those synergies emerge or until valuation is more attractive.
08/03/18
08/03/18
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. Luna Innovations (LUNA) downgraded to Market Perform from Outperform at Northland with analyst Tim Savageaux saying he sees the shares reflecting the value of the "well executed" sale of the Opto Solutions unit at current levels. 2. State Street (STT) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Brian Kleinhanzl warning that the deal has increased the risks for State Street investors, while the anticipated revenue synergies may not emerge. 3. Sunrun (RUN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Stephen Byrd saying he thinks the stock now prices in favorable industry developments and a longer growth runway following its 60% appreciation since the start of April and 150% year-to-date advance. 4. Motorola Solutions (MSI) downgraded to Underweight from Neutral at JPMorgan with analyst Paul Coster saying he views the company's Q2 results as solid but feels the guidance is mixed. 5. Gildan Activewear (GIL) downgraded to Hold from Buy at Desjardins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/16/18
WELS
08/16/18
NO CHANGE
Target $105
WELS
Outperform
State Street price target lowered to $105 from $120 at Wells Fargo
Wells Fargo analyst Mike Mayo lowered his price target for State Street to $105 from $120 after he lowered estimates and comps to reflect a more conservative stance toward the Charles River acquisition. The analyst reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

PFE

Pfizer

$42.26

-0.26 (-0.61%)

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XOM

Exxon Mobil

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-1.09 (-1.49%)

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MYL

Mylan

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-0.68 (-2.30%)

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ZTS

Zoetis

$84.07

-0.55 (-0.65%)

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MDGL

Madrigal Pharmaceuticals

$114.07

-5.76 (-4.81%)

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ALNY

Alnylam

$80.66

-2.42 (-2.91%)

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ELAN

Elanco

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TEVA

Teva

$18.75

-0.06 (-0.32%)

05:24
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01/23
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05:24
Upgrade
Teva rating change  »

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  • 13

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LBRT

Liberty Oilfield Services

$14.90

-0.33 (-2.17%)

05:23
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  • 10

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ICPT

Intercept

$110.76

-2.56 (-2.26%)

05:22
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  • 18

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LLY

Eli Lilly

$117.06

0.51 (0.44%)

05:19
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  • 28

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NKTR

Nektar

$44.74

-1.48 (-3.20%)

, BMY

Bristol-Myers

$49.71

-0.44 (-0.88%)

05:17
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Recommendations
Nektar, Bristol-Myers, Pfizer analyst commentary  »

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NKTR

Nektar

$44.74

-1.48 (-3.20%)

BMY

Bristol-Myers

$49.71

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PFE

Pfizer

$42.26

-0.26 (-0.61%)

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APHA

Aphria

$7.07

0.41 (6.16%)

05:12
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COHU

Cohu

$17.43

-0.295 (-1.66%)

05:11
01/23/19
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Cohu rating change  »

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ANSS

Ansys

$160.84

-0.79 (-0.49%)

05:09
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LOW

Lowe's

$91.50

-3.02 (-3.20%)

05:09
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ATRA

Atara Biotherapeutics

$35.47

-1.72 (-4.62%)

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AGCO

Agco

$62.76

-1.93 (-2.98%)

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LOGI

Logitech

$33.69

0.24 (0.72%)

04:57
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TNP

TEN, Ltd.

$3.30

-0.09 (-2.65%)

04:56
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Downgrade
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04:55
01/23/19
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Conference/Events
Stephens building materials analyst to hold group dinner »

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HSKA

Heska

$97.20

0.46 (0.48%)

04:55
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  • 23

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Conference/Events
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ENLK

EnLink Midstream Partners

$13.30

-0.28 (-2.06%)

, ENLC

EnLink Midstream

$11.51

-0.24 (-2.04%)

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ENLK

EnLink Midstream Partners

$13.30

-0.28 (-2.06%)

ENLC

EnLink Midstream

$11.51

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04:55
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General news
Richmond Fed Manufacturing Index Level to be reported at 10:00 »

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