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ABT

Abbott

$70.94

2.22 (3.23%)

, USB

U.S. Bancorp

$50.97

0.44 (0.87%)

20:25
10/16/18
10/16
20:25
10/16/18
20:25

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include Abbott (ABT), consensus 75c... U.S. Bancorp (USB), consensus $1.05.

ABT

Abbott

$70.94

2.22 (3.23%)

USB

U.S. Bancorp

$50.97

0.44 (0.87%)

  • 17

    Oct

  • 17

    Oct

ABT Abbott
$70.94

2.22 (3.23%)

10/16/18
10/16/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Abbott (ABT), Boston Scientific (BSX), Stryker (SYK), and Medtronic (MDT) were initiated with an Overweight at Barclays, while Baxter (BAX), Edwards Lifesciences (EW), and Zimmer Biomet (ZBH) were initiated with an Underweight. 2. Expedia (EXPE) was initiated with an Outperform at Evercore ISI, while TripAdvisor (TRIP) was initiated with an In Line, and Booking Holdings (BKNG) was initiated with an In Line. 3. Facebook (FB) was initiated with a Buy at Loop Capital and Rosenblatt. 4. Snap (SNAP) initiated with a Hold at Loop Capital. 5. VF Corp. (VFC) initiated with a Neutral at Wedbush. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/16/18
LEHM
10/16/18
INITIATION
LEHM
Barclays starts MedTech sector with Positive view
Barclays analyst Kristen Stewart last night initiated coverage of the MedTech sector with a Positive view. The analyst expects the MedTech market to grow 4%-5% "for the foreseeable future" and believes the recent increase in price-to-earnings multiples in the space is warranted given the improving fundamentals. Looking ahead, she thinks relative P/E multiples "should be at least maintained." Stewart initiated coverage on 12 stocks, with Overweight ratings on Abbott (ABT), Boston Scientific (BSX) Stryker (SYK) and Medtronic (MDT). The analyst put Underweight ratings on Baxter (BAX), Edwards Lifesciences (EW) and Zimmer Biomet (ZBH).
10/15/18
LEHM
10/15/18
INITIATION
LEHM
Overweight
Abbott initiated with an Overweight at Barclays
Barclays analyst Kristen Stewart initiated Abbott with an Overweight rating and $80 price target.
10/10/18
RBCM
10/10/18
NO CHANGE
Target $77
RBCM
Outperform
Abbott price target raised to $77 from $70 at RBC Capital
RBC Capital analyst Glenn Novarro raised his price target on Abbott to $77, saying that while the company is faced with "tougher comps" in Q3 relative to the 7.5% organic growth in the first half of 2018, some upside to consensus is a "distinct possibility". The analyst is particularly positive on the Medical Devices and Diagnostics segments potentially driving the upside thanks to the momentum of new products such as Libre and Alinity. Novarro keeps his Outperform rating on Abbott and also raises his FY19 EPS view to $3.30 from $3.27.
USB U.S. Bancorp
$50.97

0.44 (0.87%)

10/10/18
MACQ
10/10/18
UPGRADE
MACQ
Outperform
U.S. Bancorp upgraded to Outperform from Neutral at Macquarie
Macquarie analyst David Konrad upgraded USB to Outperform from Neutral and raised its price target to $62 from $57. Konrad believes USB is at an inflection point with processing revenues and operating leverage driven by stronger than peer TBV and PTPP growth.
09/14/18
SPHN
09/14/18
NO CHANGE
SPHN
Subprime lenders weakness may be opportunity, says Stephens
Stephens analyst Vincent Caintic attributes weakness in shares of subprime consumer lenders to news that U.S. Bancorp (USB) is re-entering the small dollar, high yield lending business after Fifth Third (FITB) re-entered two months ago. However, he views the OCC's push for banks to offer small dollar loans as a positive for online lenders and notes that the recent bank announcements are for loans yielding 40%-70%, which competes against products from Regional Management (RM) and World Acceptance (WRLD) but should not impact online lenders. Subprime online lenders include Enova (ENVA) and Elevate Credit (ELVT). Other publicly traded companies in the FinTech space include LendingClub (LC) and On Deck Capital (ONDK).
08/21/18
RBCM
08/21/18
NO CHANGE
Target $61
RBCM
Outperform
U.S. Bancorp capital deployment 'deliberate' and prudent, says RBC Capital
RBC Capital analyst Gerard Cassidy kept his Outperform rating and $61 price target on U.S. Bancorp after his NDR meetings with its management that highlighted the company's focus on growing its core deposits. The analyst further notes that while the bank expects a technology-driven industry consolidation, its investments have been targeted at technology initiatives and its approach to M&A has been "deliberate and cautious". Cassidy adds that the company's spending mix shifting from defensive areas like compliance and infrastructure and toward more growth-oriented areas like digital migration and real-time payment.
07/18/18
SPHN
07/18/18
NO CHANGE
Target $105
SPHN
Overweight
Comerica could be viewed as acquisition target, says Stephens
Stephens analyst Terry McEvoy raised his capital payout forecast for Comerica (CMA) for the second half of this year and for 2019 as he expects the company will announce an increase in the dividend and larger buyback plan after its board meets on July 24. Additionally, McEvoy thinks Comerica could be viewed as an takeover target once BB&T (BBT) and U.S. Bancorp (USB) are in a position to acquire banks. Stating that he likes both its fundamental and strategic outlook, McEvoy keeps an Overweight rating and $105 price target on Comerica shares.

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TI

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$158.67

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AAOI

Applied Optoelectronics

$14.45

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15:19
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Applied Optoelectronics options imply 25.6% move in share price post-earnings, above median historical move »

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$NSD

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IART

Integra LifeSciences

$55.50

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HYG

iShares iBoxx $ High Yield Corporate Bond

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EXAS

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TSU

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