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DFS

Discover

$76.70

0.26 (0.34%)

, COF

Capital One

$94.92

-0.015 (-0.02%)

06:32
10/02/18
10/02
06:32
10/02/18
06:32

Discover upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Richard Shane upgraded Discover Financial (DFS) to Overweight and raised his price target for the shares to $89 from $81. The company appears on track to execute a "soft landing" as loan growth stabilizes, Shane tells investors in a research note. The analyst says credit has outperformed expectations while multiples in the Credit Card space have compressed. This creates a more attractive opportunity for investment, according to Shane. He also raised his price target for Overweight-rated Capital One (COF) to $113 from $109 and for Neutral-rated American Express (AXP) to $115 from $105.

DFS

Discover

$76.70

0.26 (0.34%)

COF

Capital One

$94.92

-0.015 (-0.02%)

SYF

Synchrony

$31.47

0.4 (1.29%)

AXP

American Express

$107.91

1.42 (1.33%)

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    Oct

DFS Discover
$76.70

0.26 (0.34%)

10/01/18
WELS
10/01/18
NO CHANGE
Target $82
WELS
Market Perform
Discover price target raised to $82 from $76 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for Discover to $82 from $76 ahead of quarterly results, citing lower provision expense as he projects Q3 NCO to come in slightly better than his estimate as well as lower assumed operating expenses. The analyst reiterates a Market Perform rating on the shares.
09/18/18
OPCO
09/18/18
NO CHANGE
Target $116
OPCO
Outperform
Capital One continues to be 'top idea,' says Oppenheimer
Oppenheimer analyst Dominick Gabriele maintains an Outperform rating and $116 price target on Capital One (COF), telling investors in a research note that it continues to be the firm's "top idea," as he thinks it will likely see the most near-term upside due to credit metric improvement. Gabriele also says Discover (DFS) also stands out this month due to the more decisive break in trend "from cresting to improvement in formation" and continues to recommend the stock and American Express (AXP) in addition to Capital One.
05/07/18
05/07/18
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. McDonald's (MCD) and AutoZone (AZO) were upgraded to Conviction Buy from Buy at Goldman Sachs. 2. Eaton (ETN), Deere (DE), and Terex (TEX) were upgraded to Outperform from In Line at Evercore ISI. 3. LendingTree (TREE) and Santander Consumer (SC) were upgraded to Buy from Neutral at UBS, while Discover (DFS) was upgraded to Neutral from Sell. 4. First Industrial Realty (FR) upgraded to Buy from Neutral at Mizuho with analyst Richard Anderson saying he sees a "path for outperformance from here" with the valuation at "floor" levels. 5. Illumina (ILMN) upgraded to Overweight from Equal Weight at Barclays with analyst Jack Meehan saying he believes his firm's NovaSeq customer survey indicates "substantial elasticity of demand." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/07/18
UBSW
05/07/18
UPGRADE
Target $72
UBSW
Neutral
Discover upgraded to Neutral at UBS
As previously reported, UBS analyst Eric Wasserstrom upgraded Discover to Neutral from Sell. He expects provision expense growth to remain elevated, though the earnings impact is mitigated by stronger interchange revenues than he had previously forecasted, said Wasserstrom, who raised his price target to $72 from $70 on Discover shares.
COF Capital One
$94.92

-0.015 (-0.02%)

07/27/18
JPMS
07/27/18
NO CHANGE
Target $39
JPMS
Overweight
Synchrony 'substantially oversold' on Walmart news, says JPMorgan
JPMorgan analyst Richard Shane believes Synchrony Financial (SYF) shares have been "substantially oversold" relative to the fundamental impact to the business from Walmart's (WMT) decision to go with Capital One (COF). The analyst reiterates an Overweight rating on Synchrony and recommends buying the stock at current levels. He estimates a $625M reduction of 2020 net income to common shareholders, or 17c per share in earnings. Shane lowered his price target for Synchrony to $39 from $41 as a result. He believes, however, that the stock will continue to trade at a discount to these levels until there is more clarity about a strategic outcome.
07/27/18
07/27/18
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. MATTEL UPGRADED ON TAKEOVER POSSIBILITY: DA Davidson analyst Linda Bolton Weiser upgraded Mattel (MAT) to Neutral from Underperform and raised her price target to $14 from $12. The analyst noted that while the company underperformed in Q2 as she expected, due to the hard 2017 comparisons driven by last year's Cars 3 release and the impact from the Toys R Us liquidation, investor belief that the company could be sold is supporting the stock. Weiser adds that as long as Ynon Kreiz is at the helm, Mattel's elevated valuation could persist. INTEL GETS MULTIPLE DOWNGRADES AFTER EARNINGS: Citi analyst Christopher Danely downgraded Intel (INTC) to Neutral from Buy and lowered his price target for the shares to $50 from $64. The analyst said he sees a "host of margin headwinds coming" and calls the company's rollout of 10 nanometer a "debacle." He believes Intel's valuation multiple will remain under pressure. BofA Merrill Lynch downgraded Intel to Neutral from Buy and lowered its price target to $56 from $62 following the Q2 report. Analyst Vivek Arya said shares will remain range bound given a deceleration in FY19 earnings growth, a competitive position that is becoming tougher with next-gen 10mn product delays, higher capex from insourcing memory, and potential gross margin declines. Intel is down 8.4% in late morning trading. JPMORGAN DEFENDS SYNCHRONY: JPMorgan analyst Richard Shane believes Synchrony Financial (SYF) shares have been "substantially oversold" relative to the fundamental impact to the business from Walmart's (WMT) decision to go with Capital One (COF). The analyst reiterated an Overweight rating on Synchrony and recommended buying the stock at current levels. He estimated a $625M reduction of 2020 net income to common shareholders, or 17c per share in earnings. Shane lowered his price target for Synchrony to $39 from $41 as a result. He believes, however, that the stock will continue to trade at a discount to these levels until there is more clarity about a strategic outcome. AMAZON PRICE TARGET RAISED AT MULTIPLE FIRMS: After reporting its Q2 results, Amazon (AMZN) saw its price target raised by multiple analysts, including by Deutsche Bank analyst Lloyd Walmsley, who raised his price target for Amazon.com to $2,300. He said last night's Q2 results beat his expectations "almost across the board," and added that Amazon remains his top pick among the large cap Internet names. The analyst kept a Buy rating on the shares. Amazon shares are 1.4% higher to about $1,834 in late morning trading.
07/30/18
BARD
07/30/18
NO CHANGE
Target $102
BARD
Outperform
TSYS could have opportunity with new Walmart/Capital One deal, says Baird
Baird analyst David Koning noted Walmart (WMT) announced a deal with Capital One (COF) as the new issuer of its store credit card. The analyst said he sees a potential opportunity for TSYS (TSS) to provide the issuer processing services for this contract given its strong relationship with Capital One. He views TSYS as a good idea with its price likely to drift to roughly $100 per by year-end. Koning reiterated his Outperform rating and $102 price target on TSYS shares.
SYF Synchrony
$31.47

0.4 (1.29%)

09/17/18
SPHN
09/17/18
DOWNGRADE
Target $288
SPHN
Equal Weight
Alliance Data downgraded to Equal Weight on valuation at Stephens
Stephens analyst Vincent Caintic downgraded Alliance Data Systems (ADS) to Equal Weight with an unchanged price target of $288. The analyst cites valuation for the downgrade and does not expect the September monthly data to be an upside catalyst. Further, Caintic does not believe Alliance Data's credit performance will outperform other card lenders. The analyst this morning also upgraded American Express (AXP) to Overweight from Equal Weight. He's most cautious on shares of Synchrony Financial (SYF).
09/26/18
BOFA
09/26/18
DOWNGRADE
BOFA
Neutral
Synchrony downgraded to Neutral from Buy at BofA/Merrill
09/26/18
09/26/18
DOWNGRADE

Neutral
Synchrony downgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill downgraded Synchrony to Neutral from Buy with a $34 price target. Analyst Kenneth Bruce believes share upside is limited near-term given the recent Walmart partnership loss and sees additional risk from future renewals.
09/26/18
09/26/18
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. Cabot Oil & Gas (COG) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Devin McDermott saying U.S. natural gas should soon enter a new cycle of structural oversupply and stagnating demand. 2. Manhattan Associates (MANH) downgraded to Hold from Buy at SunTrust with analyst Terry Tillman saying while there was no change in his view of the company's fundamentals, the risk reward on the stock is much more balanced after it "outperformed significantly" since the last earnings report. 3. Lam Research (LRCX) downgraded to Neutral from Buy at UBS. 4. Paycom (PAYC) and Synchrony (SYF) were downgraded to Neutral from Buy at BofA/Merrill. 5. DowDuPont (DWDP) downgraded to Neutral from Buy at Nomura Instinet with analyst Aleksey Yefremov citing his commodity models based on recent changes in chemical prices and margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AXP American Express
$107.91

1.42 (1.33%)

10/01/18
WELS
10/01/18
NO CHANGE
Target $122
WELS
Outperform
American Express price target raised to $122 from $115 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for American Express to $122 from $115 ahead of quarterly results. The analyst expects revenue growth to remain elevated and could beat expectations. He reiterates an Outperform rating on the shares.
09/17/18
09/17/18
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. Teva (TEVA) upgraded to Neutral from Sell at BTIG with analyst Timothy Chiang citing the positive impact of the FDA approval for Ajovy in the prevention of episodic and chronic migraines. 2. American Express (AXP) upgraded to Overweight from Equal Weight at Stephens with analyst Vincent Caintic saying the company is successfully monetizing its card network by increasing merchant engagement to drive higher billed business volumes. 3. Lululemon (LULU) upgraded to Outperform from Market Perform at Wells Fargo with analyst Ike Boruchow saying while the brand's current strength is "evident to essentially everyone," his recent meetings with management lead him to believe that its "industry leading" momentum is likely sustainable through the second half of this year and well into 2019. 4. Broadcom (AVGO) upgraded to Buy from Neutral at Nomura Instinet with analyst Romit Shah saying "so many positive takeaways from earnings" has forced him to take a more constructive stance on the shares. 5. MasterCard (MA) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst James Schneider saying he continues to see upside to consensus estimates over the next 12 months driven by core consumer volume and exposure to Europe and other growth markets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

IAG

IAMGold

$3.84

-0.13 (-3.27%)

17:09
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HWBK

Hawthorn Bancshares

$23.20

-0.27 (-1.15%)

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Breaking Hot Stocks news story on Hawthorn Bancshares »

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GNBC

Green Bancorp

$19.34

-0.7 (-3.49%)

17:07
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Earnings
Green Bancorp reports Q3 EPS 49c, consensus 47c »

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VBTX

Veritex

$24.43

-1.07 (-4.20%)

17:06
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Earnings
Veritex reports Q3 core EPS 34c, consensus 46c »

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IBTX

Independent Bank

$56.47

-3.06 (-5.14%)

17:04
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Earnings
Independent Bank reports Q3 EPS $1.20, consensus $1.20 »

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  • 09

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BRO

Brown & Brown

$29.12

0.27 (0.94%)

17:03
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Breaking Hot Stocks news story on Brown & Brown »

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SFNC

Simmons First National

$25.62

-0.78 (-2.95%)

17:03
10/22/18
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Breaking Hot Stocks news story on Simmons First National »

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  • 23

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CR

Crane

$87.33

-0.28 (-0.32%)

17:03
10/22/18
10/22
17:03
10/22/18
17:03
Earnings
Crane raises FY18 EPS ex-items view to $5.80-$5.90 from $5.60-$5.80 »

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GNBC

Green Bancorp

$19.34

-0.7 (-3.49%)

17:02
10/22/18
10/22
17:02
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17:02
Earnings
Green Bancorp reports Q3 non-GAAP EPS 49c, consensus 47c »

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  • 23

    Oct

SFNC

Simmons First National

$25.62

-0.78 (-2.95%)

17:02
10/22/18
10/22
17:02
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17:02
Earnings
Simmons First National reports Q3 core EPS 61c, consensus 58c »

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  • 23

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CR

Crane

$87.33

-0.28 (-0.32%)

17:02
10/22/18
10/22
17:02
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17:02
Earnings
Crane reports Q3 EPS ex-items $1.62, consensus $1.46 »

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BRO

Brown & Brown

$29.12

0.27 (0.94%)

17:01
10/22/18
10/22
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Earnings
Brown & Brown reports Q3 adjusted EPS 38c, consensus 34c »

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  • 23

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NBTB

NBT Bancorp

$36.29

-0.57 (-1.55%)

16:54
10/22/18
10/22
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Hot Stocks
NBT Bancorp raises quarterly dividend to 26c from 25c per share »

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NBTB

NBT Bancorp

$36.29

-0.57 (-1.55%)

16:54
10/22/18
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16:54
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16:54
Earnings
NBT Bancorp reports Q3 adjusted EPS 68c, consensus 65c »

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PERY

Perry Ellis

$27.50

(0.00%)

16:51
10/22/18
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Perry Ellis announces completion of its acquisition in $437M transaction »

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  • 03

    Mar

FBK

FB Financial

$33.54

-1.36 (-3.90%)

16:51
10/22/18
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16:51
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Earnings
FB Financial reports Q3 adjusted EPS 68c, consensus 72c »

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FBK

FB Financial

$33.54

-1.36 (-3.90%)

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10/22/18
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FB Financial authorizes $50M common stock repurchase program »

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FBK

FB Financial

$33.54

-1.36 (-3.90%)

16:48
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FB Financial increases quarterly dividend 33% »

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  • 23

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SSB

South State

$73.05

-1.975 (-2.63%)

16:48
10/22/18
10/22
16:48
10/22/18
16:48
Earnings
South State reports Q3 adjusted EPS $1.33, consensus $1.40 »

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UVE

Universal Insurance

$47.72

0.72 (1.53%)

16:47
10/22/18
10/22
16:47
10/22/18
16:47
Hot Stocks
Universal Insurance announces expected financial impact from weather events »

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  • 30

    Oct

HLT

Hilton

$70.17

-0.49 (-0.69%)

16:47
10/22/18
10/22
16:47
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16:47
Initiation
Hilton initiated  »

Hilton initiated with an…

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  • 23

    Oct

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    Oct

SENS

Senseonics

$3.47

-0.14 (-3.88%)

16:46
10/22/18
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Senseonics announces Aetna's positive coverage decision for Eversense »

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  • 08

    Nov

CEMI

Chembio Diagnostics

$9.68

-0.05 (-0.51%)

16:44
10/22/18
10/22
16:44
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16:44
Hot Stocks
Chembio Diagnostics acquires opTricon GmbH for $5.5M in cash »

Chembioannounced that it…

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  • 15

    Nov

HLT

Hilton

$70.17

-0.49 (-0.69%)

16:43
10/22/18
10/22
16:43
10/22/18
16:43
Initiation
Hilton initiated  »

Hilton initiated with an…

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  • 23

    Oct

  • 24

    Oct

H

Hyatt

$69.50

-0.18 (-0.26%)

16:43
10/22/18
10/22
16:43
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16:43
Initiation
Hyatt initiated  »

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  • 31

    Oct

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