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FLT

FleetCor

$185.56

2.52 (1.38%)

16:09
10/30/18
10/30
16:09
10/30/18
16:09

FleetCor narrows FY18 adj. EPS view to $10.40-$10.50 from $10.32-$10.52

Consensus $10.46. Sees FY18 revenue $2.39B-$2.42B, consensus $2.4B.

  • 30

    Oct

FLT FleetCor
$185.56

2.52 (1.38%)

07/19/18
MSCO
07/19/18
NO CHANGE
MSCO
Morgan Stanley upgrades Payments and Processing industry to Attractive
Morgan Stanley analyst James Faucette upgraded his view of the Payments and Processing industry to Attractive, citing the firm's U.S. Strategy Team's call for rotation out of Technology and his view that Payments will be seen as an attractive option for investors looking to become more defensive. Investors underappreciate the resilience of consumer spending and Faucette sees the potential for his Payments coverage market-cap weighted earnings growth to accelerate organically to 15% over 2018-2020 from 11% growth over the last three years, he tells investors. In the group, the firm has Overweight ratings on Visa (V), MasterCard (MA), PayPal (PYPL), GreenSky (GSKY), Worldpay (WP) and FleetCor (FLT). Morgan Stanley has Underweight ratings on Western Union (WU) and On Deck Capital (ONDK), having downgraded On Deck this morning.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
09/06/18
DBAB
09/06/18
NO CHANGE
Target $25
DBAB
Buy
Travelport should sell eNett in near future, says Deutsche Bank
eNett could be valued at $1B and Travelport (TVPT) could use the proceeds from a divestiture for an accelerated share repurchase or potentially lower the equity required to take the company private, Deutsche Bank analyst Ashish Sabadra tells investors in a research note. The analyst believes Travelport is not being valued on a sum-of-the-parts basis and that it is not given credit for the accelerated growth in eNett. Given the "rich valuation for high-growth payment assets," Travelport should sell eNett in the near future, Sabadra contends. The analyst believes an acquisition of eNett could potentially complement Wex's (WEX) Travel and Corporate payments offering and could also be synergistic with Fleetcor's (FLT) corporate payment business. Sabadra has a Buy rating on Travelport with a $25 price target.
09/27/18
DBAB
09/27/18
NO CHANGE
DBAB
Buy
FleetCor could be acquirer of Western Union's B2B business, says Deutsche Bank
Bloomberg yesterday reported that Western Union (WU) is working with an adviser to potentially sell its business-to-business cross-border payments business, and that the unit could fetch $500M. Deutsche Bank analyst Ashish Sabadra believes FleetCor (FLT) could be a potential acquirer given the synergies with its Cambridge B2B cross-border payments. The analyst estimates an acquisition could be $1 accretive to earnings per share 12-18 months post acquisition close, depending on the terms of a deal and the margin potential. More importantly, the deal would significantly enhance FleetCor's market positioning in B2B cross-border payments, Sabadra tells investors in a research note. The analyst thinks a potential accretive acquisition could provide upside to 2019 estimates. He keeps a Buy rating on FleetCor.

TODAY'S FREE FLY STORIES

CXO

Concho Resources

$103.69

-8.68 (-7.72%)

18:37
02/21/19
02/21
18:37
02/21/19
18:37
Recommendations
Concho Resources analyst commentary  »

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  • 22

    May

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    May

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

18:37
02/21/19
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18:37
Hot Stocks
Kraft Heinz confirms quarterly dividend cut to 40c from 62.5c per share »

The Board of Directors of…

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  • 21

    Feb

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

18:32
02/21/19
02/21
18:32
02/21/19
18:32
Hot Stocks
Kraft Heinz says has taken 'remedial measures' on procurement issues »

Says write down reflected…

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  • 21

    Feb

CZR

Caesars

$9.42

-0.21 (-2.18%)

18:25
02/21/19
02/21
18:25
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18:25
Hot Stocks
Breaking Hot Stocks news story on Caesars »

Caesars: Las Vegas FY19…

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  • 21

    Feb

RARE

Ultragenyx

$58.16

-2.33 (-3.85%)

18:20
02/21/19
02/21
18:20
02/21/19
18:20
Initiation
Ultragenyx initiated  »

Ultragenyx resumed with…

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NSRGY

Nestle

$0.00

(0.00%)

, CPB

Campbell Soup

$35.44

0.26 (0.74%)

18:13
02/21/19
02/21
18:13
02/21/19
18:13
Periodicals
Third Point says confident in Nestle CEO's leadership, Reuters reports »

Third Point told…

NSRGY

Nestle

$0.00

(0.00%)

CPB

Campbell Soup

$35.44

0.26 (0.74%)

03/08/13
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  • 21

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    May

STMP

Stamps.com

$198.08

-4.03 (-1.99%)

18:11
02/21/19
02/21
18:11
02/21/19
18:11
Hot Stocks
Breaking Hot Stocks news story on Stamps.com »

Stamps.com drops 50%…

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  • 21

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    Feb

STMP

Stamps.com

$198.08

-4.03 (-1.99%)

18:09
02/21/19
02/21
18:09
02/21/19
18:09
Hot Stocks
Stamps.com to discontinue partnership with USPS »

On its Q4 earnings…

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  • 21

    Feb

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CZR

Caesars

$9.42

-0.21 (-2.18%)

18:08
02/21/19
02/21
18:08
02/21/19
18:08
Hot Stocks
Caesars expect modest Las Vegas revenue growth in Q1 »

Sees adverse weather…

03/08/13
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  • 21

    Feb

CZR

Caesars

$9.42

-0.21 (-2.18%)

18:06
02/21/19
02/21
18:06
02/21/19
18:06
Hot Stocks
Breaking Hot Stocks news story on Caesars »

Caesars says will not…

03/08/13
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  • 21

    Feb

LNT

Alliant Energy

$45.63

0.45 (1.00%)

18:03
02/21/19
02/21
18:03
02/21/19
18:03
Earnings
Breaking Earnings news story on Alliant Energy »

Alliant Energy sees FY19…

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  • 22

    Feb

LNT

Alliant Energy

$45.63

0.45 (1.00%)

18:02
02/21/19
02/21
18:02
02/21/19
18:02
Earnings
Alliant Energy reports Q4 EPS 36c, conseensus 35c »

Reports Q4 revenue…

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  • 22

    Feb

BVN

Buenaventura

$16.53

-0.37 (-2.19%)

17:59
02/21/19
02/21
17:59
02/21/19
17:59
Earnings
Buenaventura reports Q4 EPS (29c), consensus 5c »

Reports Q4 revenue…

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  • 01

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    Mar

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

17:58
02/21/19
02/21
17:58
02/21/19
17:58
Hot Stocks
Kraft Heinz says expects to face profit headwinds in 2019 »

Says: Expects EBITDA down…

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  • 21

    Feb

GABC

German American Bancorp

$31.59

(0.00%)

, CZFC

Citizens First

$23.30

1.87 (8.73%)

17:56
02/21/19
02/21
17:56
02/21/19
17:56
Hot Stocks
German American, Citizens First announce merger pact »

German American Bancorp,…

GABC

German American Bancorp

$31.59

(0.00%)

CZFC

Citizens First

$23.30

1.87 (8.73%)

03/08/13
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TSLA

Tesla

$291.18

-11.33 (-3.75%)

17:56
02/21/19
02/21
17:56
02/21/19
17:56
Periodicals
Lucid Motors is 'working' on an all electric SUV, Verge says »

Electric vehicle startup…

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  • 21

    Feb

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    Mar

CZR

Caesars

$9.42

-0.21 (-2.18%)

17:54
02/21/19
02/21
17:54
02/21/19
17:54
Hot Stocks
Caesars sees FY19 same-store capex $375M-$450M »

Sees FY19 development…

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  • 21

    Feb

PBA

Pembina Pipeline

$36.44

-0.235 (-0.64%)

17:54
02/21/19
02/21
17:54
02/21/19
17:54
Earnings
Pembina Pipeline reports Q4 EPS C$0.66 vs C$0.83 last year »

Reports Q4 revenue…

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  • 22

    Feb

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

17:53
02/21/19
02/21
17:53
02/21/19
17:53
Hot Stocks
Kraft Heinz continues to fall, now down 16.5% to $40.25 »

In after-hours trading,…

03/08/13
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  • 21

    Feb

CZR

Caesars

$9.42

-0.21 (-2.18%)

17:52
02/21/19
02/21
17:52
02/21/19
17:52
Hot Stocks
Caesars says in discussions with Carl Icahn after his disclosed stake »

Comments from Q4 earnings…

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  • 21

    Feb

HRS

Harris

$164.55

-0.62 (-0.38%)

17:48
02/21/19
02/21
17:48
02/21/19
17:48
Hot Stocks
Harris awarded $168.8M Navy contract modification »

Harris has been awarded a…

03/08/13
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KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

17:45
02/21/19
02/21
17:45
02/21/19
17:45
Hot Stocks
Kraft Heinz to cut quarterly dividend to 40c from 62.5c per share »

Says: Higher supply chain…

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  • 21

    Feb

HON

Honeywell

$152.60

-1.2 (-0.78%)

17:43
02/21/19
02/21
17:43
02/21/19
17:43
Hot Stocks
Honeywell awarded not-to-exceed $150M Air Force contract for ATTAM Phase 1 »

Honeywell has been…

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  • 29

    Apr

BA

Boeing

$417.48

-4.13 (-0.98%)

17:40
02/21/19
02/21
17:40
02/21/19
17:40
Hot Stocks
Tapestry awarded not-to-exceed $259M Air Force contract for WPS »

Tapestry Solutions, a…

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  • 11

    Mar

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INFN

Infinera

$4.87

-0.02 (-0.41%)

17:39
02/21/19
02/21
17:39
02/21/19
17:39
Earnings
Infinera sees Q1 EPS (27c) plus/minus 2c, consensus (19c) »

Sees Q1 GAAP revenue…

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