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TROW

T. Rowe Price

$95.98

0.39 (0.41%)

, UPWK

Upwork

$18.19

0.59 (3.35%)

13:13
11/13/18
11/13
13:13
11/13/18
13:13

T. Rowe Price reports 10.8% passive stake in Upwork

TROW

T. Rowe Price

$95.98

0.39 (0.41%)

UPWK

Upwork

$18.19

0.59 (3.35%)

  • 13

    Nov

TROW T. Rowe Price
$95.98

0.39 (0.41%)

10/11/18
DBAB
10/11/18
NO CHANGE
DBAB
Sell
Deutsche Bank closes Sell catalyst call on T. Rowe Price
Deutsche Bank analyst Brian Bedell closed his Sell catalyst call on T. Rowe Price and keeps a Hold rating on the shares. Fund flow data from Morningstar, combined with the company's report on transfers to Collective Investment Trusts, imply that T. Rowe Price's net flows may be negative for Q3 for the first time since Q4 of 2016, Bedell tells investors in a research note. He believes, however, that this is better reflected in the shares at current levels.
09/07/18
09/07/18
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. Teva (TEVA) downgraded to Neutral from Outperform at Credit Suisse. 2. Vitamin Shoppe (VSI) downgraded to Underweight from Equal Weight at Barclays with analyst Karen Short raising her price target for the shares to $10 from $4. 3. Dover (DOV) downgraded to Market Perform from Outperform at BMO Capital with analyst R. Scott Graham citing valuation. 4. T. Rowe Price (TROW) downgraded to Hold from Buy at Deutsche Bank with analyst Brian Bedell saying through August, trends are worsening for active managers and T. Rowe Price has posted weaker performance relative to peers. 5. Reliance Steel (RS) double downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners saying he is cautious over late cycle earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/07/18
DBAB
09/07/18
DOWNGRADE
Target $118
DBAB
Hold
Deutsche downgrades T. Rowe Price amid worsening active manager trends
Deutsche Bank analyst Brian Bedell last night downgraded T. Rowe Price to Hold from Buy and lowered his price target for the shares to $118 from $135. Thru August, trends are worsening for active managers and T. Rowe Price has posted weaker performance relative to peers, Bedell tells investors in a research note. In contrast, the analyst sees volumes for e-brokers trending well.
09/06/18
DBAB
09/06/18
DOWNGRADE
Target $118
DBAB
Hold
T. Rowe Price downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Brian Bedell downgraded T. Rowe Price to Hold and lowered his price target for the shares to $118 from $135.
UPWK Upwork
$18.19

0.59 (3.35%)

10/29/18
JEFF
10/29/18
INITIATION
Target $20
JEFF
Hold
Upwork initiated with a Hold at Jefferies
Jefferies analyst Brent Thill started Upwork with a Hold rating and $20 price target. The company's current valuation is above the comp group median despite its slower growth, Thill tells investors in a research note. He views Upwork's valuation as full.
10/29/18
SBSH
10/29/18
INITIATION
Target $23
SBSH
Buy
Upwork initiated with a Buy at Citi
Citi analyst Mark May started Upwork with a Buy rating and $23 price target. As the largest global online marketplace for freelance work, Upwork is benefiting from secular trends, May tells investors in a research note. He forecasts a five-year annual revenue growth rate of 19%, driven by growth in both clients and average spend.
10/29/18
RBCM
10/29/18
INITIATION
Target $24
RBCM
Outperform
Upwork initiated with an Outperform at RBC Capital
RBC Capital analyst Mark Mahaney initiated Upwork with an Outperform rating and a price target of $24, saying the company is "addressing a large and fragmented" market with a "powerful secular tailwind". The analyst notes that the company can sustain "premium growth rates" of over 20% and drive margin expansion as its core business grows over time amid technological shifts that allow workers greater flexibility. Mahaney also points to Upwork's high business visibility given the 106% retention rate on client spending.
10/29/18
STFL
10/29/18
INITIATION
Target $18
STFL
Hold
Upwork initiated with a Hold at Stifel
Stifel analyst Scott Devitt started Upwork with a Hold rating and $18 price target. Citing the stock's current "premium valuation," the analyst expects relative in-line performance versus the S&P 500 over the next 12 months. He expects, however, Upwork's scaled position in the online freelancer marketplace to lead to long-term market share gains.

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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NYSE market internals summary »

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10:15
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General news
U.S. existing home sales rose 1.9% to 5.320 M in November »

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XLU

Utilities SPDR

$54.42

-0.21 (-0.38%)

10:10
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18.8K SPDR Utility Fund Dec 51 - 53 put spreads trade 12c »

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FND

Floor & Decor

$26.63

0.09 (0.34%)

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BWA

BorgWarner

$35.14

0.73 (2.12%)

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SEED

Origin Agritech

$6.37

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10:02
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General news
Existing Home Sales data reported »

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APD

Air Products

$156.68

1.95 (1.26%)

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Hot Stocks
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FDX

FedEx

$169.62

-15.39 (-8.32%)

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FTSI

FTS International

$7.54

-0.7 (-8.50%)

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  • 10

    Feb

UGAZ

VelocityShares 3x Long Natural Gas ETN

$73.20

-14.04 (-16.09%)

10:00
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VelocityShares 3x Long Natural Gas ETN falls -15.9% »

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JBL

Jabil

$24.37

2.16 (9.73%)

10:00
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Jabil rises 9.8% »

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FDX

FedEx

$169.62

-15.39 (-8.32%)

10:00
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Options
Fedex delivers pain to pre-earnings call buyers »

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CIVI

Civitas Solutions

$17.60

1.91 (12.17%)

10:00
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Civitas Solutions rises 12.5% »

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  • 08

    Mar

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$84.73

11.65 (15.94%)

10:00
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Hot Stocks
VelocityShares 3x Inv Natural Gas ETN rises 15.9% »

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AGN

Allergan

$138.38

-8.39 (-5.72%)

09:55
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Options
Allergan put volume heavy and directionally bearish »

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  • 05

    Jan

GIS

General Mills

$39.15

2.45 (6.68%)

, GE

General Electric

$7.65

0.38 (5.23%)

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Options
Early notable gainers among liquid option names on December 19th »

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FCX

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SEE

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CF

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  • 19

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$255.67

0.58 (0.23%)

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Periodicals
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$0.00

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SPDR S&P 500 ETF Trust

$255.67

0.58 (0.23%)

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09:50
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General news
U.S. existing home sales preview: »

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FDX

FedEx

$168.79

-16.22 (-8.77%)

09:47
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UGAZ

VelocityShares 3x Long Natural Gas ETN

$72.52

-14.72 (-16.87%)

09:47
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FTSI

FTS International

$7.44

-0.8 (-9.71%)

09:47
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Hot Stocks
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  • 10

    Feb

CIVI

Civitas Solutions

$17.59

1.9 (12.11%)

09:47
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Hot Stocks
Civitas Solutions rises 12.3% »

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  • 08

    Mar

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