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BLK

BlackRock

$412.27

1.28 (0.31%)

13:41
11/06/18
11/06
13:41
11/06/18
13:41

German prosecutors search BlackRock's Munich offices, Reuters says

Prosecutors searched the BlackRock's Munich offices on Tuesday as part of Germany's biggest post-war fraud probe, Reuters reports, citing a person with knowledge of the matter. The practice being examined, known as cum-ex, usually involved trading company shares rapidly around a syndicate of banks, investors, and hedge funds to create the impression of numerous owners, each of whom was entitled to a tax rebate, the report notes. Reference Link

  • 29

    Jan

BLK BlackRock
$412.27

1.28 (0.31%)

10/17/18
SBSH
10/17/18
NO CHANGE
Target $500
SBSH
Buy
BlackRock price target lowered to $500 from $550 at Citi
Citi analyst William Katz lowered his price target for BlackRock to $500 saying near-term base fee pressure and elevated macro risk temper his bullish on the shares. However, the analyst left the company's Q3 results confident in its "resilient business model." He believes the core story is intact and keeps a Buy rating on BlackRock.
10/17/18
ARGS
10/17/18
NO CHANGE
Target $535
ARGS
Buy
BlackRock price target lowered to $535 from $620 at Argus
Argus analyst Stephen Biggar lowered his price target on BlackRock to $535 even though the company beat on Q3 earnings, saying that its revenue grew by "only 2%" and its long-term net inflows of $10.6B were the lightest in 10 quarters. The analyst notes that the industry is undergoing a period of weak inflows, with the institutional segment posting equity index outflows due to "trade tensions, emerging market weakness and a steepening yield curve". Biggar keeps his Buy rating on BlackRock longer term, noting that de-risking will eventually subside as the company continues to deliver above-average operating margins.
10/17/18
WELS
10/17/18
NO CHANGE
Target $440
WELS
Market Perform
BlackRock price target lowered to $440 from $510 at Wells Fargo
Wells Fargo analyst Christopher Harris lowered his price target for BlackRock to $440 from $510 after the stock sold off materially likely based on the quarter's revenue, operating income and flow shortfalls and the extent of fee rate degradation. The analyst reiterates a Market Perform rating on the shares.
10/22/18
RBCM
10/22/18
NO CHANGE
Target $95
RBCM
Sector Perform
State Street price target lowered to $95 from $105 at RBC Capital
RBC Capital analyst Gerard Cassidy lowered his price target on State Street (STT) to $95 and kept his Sector Perform rating after its "weak" Q3 results and limited visibility into 2019, also lowering his FY19 EPS view to $1.88 from $2.01. The analyst cites lower than expected profitability metrics that included a 10bp decline in the core ROAA as well as the company's 4.6% shortfall in non-interest income. Cassidy added that State Street is facing continued headwinds of a strengthening USD and the loss of BlackRock (BLK) business weigh on its servicing revenues.

TODAY'S FREE FLY STORIES

NCS

NCI Building

$7.66

-0.11 (-1.42%)

07:50
02/19/19
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07:50
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07:50
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NCI Building rating change  »

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WMT

Walmart

$100.00

1.52 (1.54%)

07:49
02/19/19
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Hot Stocks
Walmart raises annual dividend to $2.12 per share from $2.08 per share »

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  • 19

    Feb

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    Mar

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    Mar

PRU

Prudential

$93.16

2.49 (2.75%)

07:48
02/19/19
02/19
07:48
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07:48
Conference/Events
Prudential management to meet with Sandler O'Neill »

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  • 19

    Feb

  • 05

    Jun

NSC

Norfolk Southern

$182.88

1.05 (0.58%)

07:48
02/19/19
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07:48
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Norfolk Southern rating change  »

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  • 20

    Feb

UNIT

Uniti Group

$20.00

0.53 (2.72%)

, WIN

Windstream

$3.37

0.2 (6.31%)

07:46
02/19/19
02/19
07:46
02/19/19
07:46
Downgrade
Uniti Group, Windstream rating change  »

Uniti Group downgraded to…

UNIT

Uniti Group

$20.00

0.53 (2.72%)

WIN

Windstream

$3.37

0.2 (6.31%)

03/08/13
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  • 25

    Feb

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    Feb

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    Mar

BBD

Banco Bradesco

$12.40

0.07 (0.57%)

07:46
02/19/19
02/19
07:46
02/19/19
07:46
Conference/Events
Banco Bradesco management to meet with JPMorgan »

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  • 19

    Feb

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    Feb

  • 22

    Feb

  • 22

    Feb

PCG

PG&E

$15.50

0.02 (0.13%)

07:46
02/19/19
02/19
07:46
02/19/19
07:46
Upgrade
PG&E rating change  »

PG&E upgraded to Buy…

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NBLX

Noble Midstream

$32.09

-0.04 (-0.12%)

07:45
02/19/19
02/19
07:45
02/19/19
07:45
Hot Stocks
Breaking Hot Stocks news story on Noble Midstream »

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  • 19

    Feb

07:45
02/19/19
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07:45
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07:45
General news
Global Risks Ebb and Flow: »

Global Risks Ebb and…

XPO

XPO Logistics

$52.01

-7.535 (-12.65%)

07:44
02/19/19
02/19
07:44
02/19/19
07:44
Recommendations
XPO Logistics analyst commentary  »

XPO Logistics price…

03/08/13
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  • 20

    Feb

NBLX

Noble Midstream

$32.09

-0.04 (-0.12%)

07:43
02/19/19
02/19
07:43
02/19/19
07:43
Hot Stocks
Noble Midstream sees FY19 capital budget $335M-$375M »

Noble Midstream's…

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  • 19

    Feb

NBLX

Noble Midstream

$32.09

-0.04 (-0.12%)

07:42
02/19/19
02/19
07:42
02/19/19
07:42
Hot Stocks
Noble Midstream sees adjusted EBITDA from partnership of at least $300M in 2020 »

Anticipates adjusted…

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  • 19

    Feb

CSX

CSX

$72.52

0.91 (1.27%)

07:41
02/19/19
02/19
07:41
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07:41
Downgrade
CSX rating change  »

CSX downgraded to Sector…

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  • 20

    Feb

  • 28

    May

HEXO

HEXO Corp

$5.57

0.17 (3.15%)

07:40
02/19/19
02/19
07:40
02/19/19
07:40
Initiation
HEXO Corp initiated  »

HEXO Corp initiated with…

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WIN

Windstream

$3.37

0.2 (6.31%)

07:40
02/19/19
02/19
07:40
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07:40
Downgrade
Windstream rating change  »

Windstream downgraded to…

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  • 25

    Feb

AMSC

AMSC

$15.00

-0.8 (-5.06%)

07:40
02/19/19
02/19
07:40
02/19/19
07:40
Conference/Events
AMSC management to meet with Roth Capital »

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  • 19

    Feb

  • 20

    Feb

NBLX

Noble Midstream

$32.09

-0.04 (-0.12%)

07:40
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Hot Stocks
Noble Midstream sees FY19 adjusted EBITDA $340M-$390M »

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  • 19

    Feb

07:40
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07:40
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General news
Treasury Market Outlook: bond yields have dipped slightly lower amid risk-off flows »

Treasury Market Outlook:…

CEQP

Crestwood Equity

$32.82

-0.06 (-0.18%)

07:39
02/19/19
02/19
07:39
02/19/19
07:39
Earnings
Crestwood Equity sees FY19 net income $105M-$135M »

Sees FY 19 adjusted…

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  • 19

    Feb

PODD

Insulet

$88.51

3.68 (4.34%)

07:38
02/19/19
02/19
07:38
02/19/19
07:38
Recommendations
Insulet analyst commentary  »

Insulet price target…

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  • 25

    Feb

NWL

Newell Brands

$17.15

-4.55 (-20.97%)

07:38
02/19/19
02/19
07:38
02/19/19
07:38
Recommendations
Newell Brands analyst commentary  »

Newell Brands price…

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  • 19

    Feb

CEQP

Crestwood Equity

$32.82

-0.06 (-0.18%)

07:38
02/19/19
02/19
07:38
02/19/19
07:38
Earnings
Crestwood Equity reports Q4 EPS 57c, may not compare to consensus 13c »

Reports Q4 revenue…

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  • 19

    Feb

IRBT

iRobot

$119.34

4 (3.47%)

07:38
02/19/19
02/19
07:38
02/19/19
07:38
Downgrade
iRobot rating change  »

iRobot downgraded to Hold…

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WPC

W.P. Carey

$75.16

-0.02 (-0.03%)

07:36
02/19/19
02/19
07:36
02/19/19
07:36
Hot Stocks
W.P. Carey to invest $75M in food production facility in San Antonio »

W. P. Carey announced…

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  • 22

    Feb

EBAY

eBay

$36.59

0.28 (0.77%)

07:36
02/19/19
02/19
07:36
02/19/19
07:36
Recommendations
eBay analyst commentary  »

eBay January trends…

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  • 03

    Mar

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