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SQ

Square

$69.12

-8.32 (-10.74%)

06:52
10/12/18
10/12
06:52
10/12/18
06:52

Square selloff yesterday not warranted by CFO exit, says Nomura Instinet

Departing CFO Sarah Friar is important, but certainly not important enough to merit yesterday's selloff in shares of Square, Nomura Instinet analyst Dan Dolev tells investors in a research note titled "Focus on Results Not the CFO." He believes Friar's departure is "unlikely to disrupt the innovation engine behind" the company. The analyst keeps a Buy rating on Square with a $125 price target.

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    Nov

SQ Square
$69.12

-8.32 (-10.74%)

10/11/18
BTIG
10/11/18
NO CHANGE
Target $30
BTIG
Sell
Square CFO resignation adds to uncertainty risk, says BTIG
BTIG analyst Mark Palmer maintained his Sell rating and $30 price target on Square (SQ) after its yesterday's announcement that CFO Sarah Friar is planning to step down at the end of the year. The analyst notes that Friar has been viewed as "serving in a role more expansive and crucial than that of a typical CFO" given the divided focus of CEO Jack Dorsey on his position as CEO of Twitter (TWTR). The analyst also maintains his view that Square's "increasing dependence on the extension of credit to its customers" has made its business model more vulnerable to credit market volatility.
10/11/18
MSCO
10/11/18
NO CHANGE
Target $75
MSCO
Equal Weight
Square likely to be weighed on in near-term by CFO exit, says Morgan Stanley
Morgan Stanley analyst James Faucette gives credit to outbound Square CFO Sarah Friar for managing Wall Street expectations and helping the company deliver consistent "beat and raise" earnings reports. He expects that the stock is likely to be weighed down near-term by the uncertainty around whether the new CFO will be able to match this track record, especially in light of the stock's elevated valuation. Faucette keeps an Equal Weight rating and $75 price target on Square, which is down by about 10% in pre-market trading.
10/11/18
WBLR
10/11/18
NO CHANGE
WBLR
Outperform
Sarah Friar 'major loss,' Square shares still expensive, says William Blair
William Blair analyst Robert Napoli views the departure of Sarah Friar as a "major loss" for Square. Friar was critical to the success of the company, its strategic direction, and the management of growth/investment versus margin expansion, Napoli tells investors in a research note. And while stock has pulled back 24% from its recent highs, it remains expensive at 25 times 2018 and 19 times 2019 enterprise value to revenue, Napoli contends. He keeps a Market Perform rating on Square, which is trading down 6%, or $4.85, to $72.60 in the premarket.
10/12/18
ADAM
10/12/18
UPGRADE
Target $90
ADAM
Buy
Square upgraded to Buy from Hold at Canaccord
Canaccord Genuity analyst Michael Graham upgraded Square to Buy from Hold and raised his price target for the shares to $90 from $60. The stock closed yesterday down 11%, or $8.42, to $69.03. The recent pullback in the shares creates a long-term opportunity in a "truly disruptive and well-run company," Graham tells investors in a research note. He believes the departure of CFO Sarah Friar is more about going to a promising company as CEO rather than walking away from a risk. Further, Graham sees "plenty of opportunity" for Graham to grow its core business.

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VLP

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VLO

Valero

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IBKC

Iberiabank

$75.27

-2.65 (-3.40%)

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  • 19

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STN

Stantec

$24.37

-0.2 (-0.81%)

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PYPL

PayPal

06:44
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06:44
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PayPal rating change  »

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TRV

Travelers

$125.08

-1.39 (-1.10%)

06:44
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F

Ford

$8.51

-0.255 (-2.91%)

06:41
10/19/18
10/19
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06:41
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Ford rating change  »

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  • 13

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VIVHY

Vivendi

$0.00

(0.00%)

, TI

Telecom Italia

$5.89

-0.05 (-0.84%)

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Vivendi

$0.00

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TI

Telecom Italia

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FB

Facebook

$154.95

-4.51 (-2.83%)

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Facebook's election 'war room' ready for midterms, Business Insider says »

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ROKU

Roku

$56.99

-3.92 (-6.44%)

06:38
10/19/18
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06:38
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Roku rating change  »

Roku upgraded to…

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  • 07

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AEO

American Eagle

$20.94

-0.54 (-2.51%)

06:38
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HON

Honeywell

$155.22

-2.73 (-1.73%)

06:37
10/19/18
10/19
06:37
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06:37
Earnings
Honeywell lowers FY18 adj. EPS view to $7.95-$8.00 from $8.10-$8.20 »

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  • 19

    Oct

SYNH

Syneos Health

$45.94

-0.65 (-1.40%)

06:37
10/19/18
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06:37
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06:37
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AMZN

Amazon.com

$1,771.45

-61.36 (-3.35%)

06:36
10/19/18
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Amazon revisits some cities as HQ2 decision looms, WSJ reports »

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  • 25

    Oct

MUR

Murphy Oil

$34.63

-0.43 (-1.23%)

, PBR

Petrobras

$15.33

-0.73 (-4.55%)

06:35
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MUR

Murphy Oil

$34.63

-0.43 (-1.23%)

PBR

Petrobras

$15.33

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  • 08

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SYF

Synchrony

$29.63

-0.45 (-1.50%)

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CFG

Citizens Financial

$34.92

-0.96 (-2.68%)

06:33
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Earnings
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  • 19

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MINI

Mobile Mini

$43.37

0.48 (1.12%)

06:33
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Mobile Mini CEO says the pipeline in North America looks healthy »

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  • 19

    Oct

MRO

Marathon Oil

$20.55

-0.33 (-1.58%)

06:33
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  • 08

    Nov

HON

Honeywell

$155.22

-2.73 (-1.73%)

06:32
10/19/18
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06:32
Earnings
Honeywell reports Q3 adj. EPS $2.03, consensus $1.99 »

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  • 19

    Oct

MINI

Mobile Mini

$43.37

0.48 (1.12%)

06:32
10/19/18
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06:32
Earnings
Mobile Mini reports Q3 adjusted EPS 42c, consensus 41c »

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  • 19

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WTFC

Wintrust Financial

$79.79

-4.06 (-4.84%)

06:31
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BX

Blackstone

$35.27

-0.79 (-2.19%)

06:31
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REPYY

Repsol

$0.00

(0.00%)

06:31
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06:31
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SYF

Synchrony

$29.63

-0.45 (-1.50%)

06:31
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Earnings
Synchrony reports Q3 EPS 91c, consensus 80c »

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