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SCHW

Charles Schwab

$44.17

-1.5 (-3.28%)

, ETFC

E-Trade

$51.46

-1.17 (-2.22%)

06:59
11/30/18
11/30
06:59
11/30/18
06:59

Charles Schwab initiated with a Buy at Goldman Sachs

Goldman Sachs analyst Will Nance initiated coverage of the Online Brokers with an Attractive coverage view, stating that for the group on the whole he believes cyclical factors will drive fundamentals and valuation in the near term despite organic growth and pricing concerns. He set a Buy rating on Charles Schwab (SCHW), stating that it along with E-Trade (ETFC) screens as the most defensive. He notes that his 2019 and 2020 estimates for Schwab are 2% and 8%, respectively, above Factset consensus.

SCHW

Charles Schwab

$44.17

-1.5 (-3.28%)

ETFC

E-Trade

$51.46

-1.17 (-2.22%)

SCHW Charles Schwab
$44.17

-1.5 (-3.28%)

11/26/18
SBSH
11/26/18
UPGRADE
Target $45
SBSH
Neutral
Citi upgrades Schwab to Neutral on more balanced risk/reward
Citi analyst William Katz upgraded Charles Schwab to Neutral from Sell while lowering his price target for the shares to $45 from $46. After examining whether retail brokers can prove defensive against higher volatility and/or a more decisive market downturn, the analyst sees a more balanced risk/reward at current share levels.
11/26/18
SBSH
11/26/18
UPGRADE
Target $45
SBSH
Neutral
Charles Schwab upgraded to Neutral from Sell at Citi
Citi analyst William Katz upgraded Charles Schwab to Neutral while lowering his price target for the shares to $45 from $46.
11/19/18
11/19/18
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. AstraZeneca (AZN) downgraded to Hold from Buy at Investec. 2. Charles Schwab (SCHW) downgraded to Neutral from Buy at UBS with analyst Brennan Hawken saying while Schwab's business is growing more rapidly than traditional asset managers, there also seems to be "multiple compression on market sensitive revenues given risks to that outlook." 3. Pan American Silver (PAAS) downgraded to Underperform from Neutral at BofA/Merrill with analyst Lawson Winder citing substantial risk assumed from the Tahoe Resources (TAHO) acquisition and the high priced paid. 4. PNC Financial (PNC) downgraded to Market Perform from Outperform at BMO Capital with analyst Lana Chan saying that the stock is approaching her prior $139 per share forecast and sees the company as challenged in gaining market share through expansion given the competition from other Universal banks. 5. Madrigal Pharmaceuticals (MDGL) downgraded to Underperform at Raymond James with analyst Steven Seedhouse saying he expected MGL-3196 Phase 2 data sentiment to worsen exiting AASLD, but that it was exacerbated by the NASH resolution definition informing the seemingly large effect size of 27% versus 6% was not what he expected. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/19/18
UBSW
11/19/18
DOWNGRADE
Target $51
UBSW
Neutral
Charles Schwab downgraded to Neutral with $51 price target at UBS
UBS analyst Brennan Hawken downgraded Charles Schwab (SCHW) to Neutral from Buy and lowered his price target for the shares to $51 from $57. The analyst coupled the downgrade with an upgrade of TD Ameritrade (AMTD) to Buy from Neutral. While Schwab's business is growing more rapidly than traditional asset managers, there also seems to be "multiple compression on market sensitive revenues given risks to that outlook," Hawken tells investors in a research note. Further, the analyst believes the rate hiking cycle is closer to the end than the beginning, suggesting risk of further compression for Schwab relative to peers.
ETFC E-Trade
$51.46

-1.17 (-2.22%)

11/02/18
WOLF
11/02/18
UPGRADE
WOLF
Outperform
E-Trade upgraded to Outperform from Peer Perform at Wolfe Research
10/30/18
10/30/18
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. LabCorp (LH) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg saying the company is faced with pressure from "lower lab testing payment rates mandated by the Protecting Access to Medicaid Act of 2014" along with business disruptions and the impact of acquisitions which resulted in lowers margins for the quarter. 2. E-Trade (ETFC) downgraded to Outperform from Strong Buy at Raymond James with analyst Patrick O'Shaughnessy saying the recent board decision not to sell the business and remain a standalone company takes a sales scenario off the table. The analyst remains positive on shares ans believes there is plenty of upside as management executes on its operating plan. 3. Southwest (LUV) downgraded to Underweight from Neutral at JPMorgan while United Continental (UAL) and Spirit Airlines (SAVE) downgraded to Neutral from Overweight. 4. Flex (FLEX) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing the expected impact from the "shutdown of Mexican operations with key customer Nike (NKE), which he expects to be fully unwound," as well as the retirement of the company CEO Mike McNamara who had presided over the company's business expansion. 5. Elevate Credit (ELVT) downgraded to Market Perform from Outperform at JMP Securities and William Blair. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/30/18
10/30/18
DOWNGRADE
Target $64

Outperform
E-Trade downgraded to Outperform, sale off the table, says Raymond James
As previously reported, Raymond James downgraded E-Trade to Outperform from Strong Buy and maintained a $64 price target. Analyst Patrick O'Shaughnessy said the recent board decision not to sell the business and remain a standalone company takes a sales scenario off the table. The analyst remains positive on shares ans believes there is plenty of upside as management executes on its operating plan.
10/30/18
RAJA
10/30/18
DOWNGRADE
RAJA
Outperform
E-Trade downgraded to Outperform from Strong Buy at Raymond James

TODAY'S FREE FLY STORIES

ENR

Energizer

$48.35

6.34 (15.09%)

08:48
11/14/19
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11/14/19
08:48
Recommendations
Energizer analyst commentary  »

Energizer price target…

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SNNA

Sienna Biopharmaceuticals

$0.16

-0.008 (-4.74%)

08:47
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Hot Stocks
Sienna Biopharmaceuticals says Nasdaq panel grants request for continued listing »

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FTNT

Fortinet

$99.69

-0.245 (-0.25%)

08:47
11/14/19
11/14
08:47
11/14/19
08:47
Conference/Events
Fortinet management to meet with MKM Partners »

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PRSP

Perspecta

$27.79

-0.18 (-0.64%)

08:46
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08:46
Hot Stocks
Perspecta Labs wins $6.6M award on DARPA GAPS program »

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SRPT

Sarepta

$101.00

0.99 (0.99%)

08:45
11/14/19
11/14
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08:45
Hot Stocks
Sarepta announces collaboration, license agreement with StrideBio »

arepta Therapeutics…

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XNET

Xunlei

$5.79

0.07 (1.22%)

, AMC

AMC Entertainment

$8.77

-0.51 (-5.50%)

08:45
11/14/19
11/14
08:45
11/14/19
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

XNET

Xunlei

$5.79

0.07 (1.22%)

AMC

AMC Entertainment

$8.77

-0.51 (-5.50%)

CGC

Canopy Growth

$18.52

-0.69 (-3.59%)

NLOK

NortonLifeLock

$24.57

0.36 (1.49%)

FB

Facebook

$193.20

-1.27 (-0.65%)

HGV

Hilton Grand Vacations

$35.24

-0.07 (-0.20%)

HEXO

Hexo

$1.99

-0.14 (-6.59%)

ADT

ADT Inc.

$8.36

0.66 (8.57%)

BUD

AB InBev

$79.37

0.28 (0.35%)

ABB

ABB

$21.93

0.11 (0.50%)

03/08/13
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UBER

Uber

$26.70

(0.00%)

08:43
11/14/19
11/14
08:43
11/14/19
08:43
Upgrade
Uber rating change  »

Uber upgraded to Buy from…

03/08/13
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03/06/13
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03/06/13
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  • 19

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    Dec

WMT

Walmart

$121.06

1.93 (1.62%)

08:43
11/14/19
11/14
08:43
11/14/19
08:43
Recommendations
Walmart analyst commentary  »

Baird says positive…

03/08/13
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  • 14

    Nov

PUFXF

Agraflora Organics

$0.00

(0.00%)

08:41
11/14/19
11/14
08:41
11/14/19
08:41
Hot Stocks
Agraflora Organics introduces organic lip balm SKU into 200 Gateway Newstands »

AgraFlora Organics…

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REED

Reed's

$0.72

0.0221 (3.17%)

08:41
11/14/19
11/14
08:41
11/14/19
08:41
Recommendations
Reed's analyst commentary  »

Reed's price target…

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08:40
11/14/19
11/14
08:40
11/14/19
08:40
General news
U.S. initial jobless claims jumped 14k to 225k in the week ended October 9 »

U.S. initial jobless…

08:40
11/14/19
11/14
08:40
11/14/19
08:40
General news
FX Action: The dollar »

FX Action: The dollar was…

FCN

FTI Consulting

$105.68

0.095 (0.09%)

08:39
11/14/19
11/14
08:39
11/14/19
08:39
Conference/Events
FTI Consulting management to meet with SunTrust »

Meeting to be held in…

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  • 15

    Nov

TIXC

Tix Corp

$0.00

(0.00%)

08:39
11/14/19
11/14
08:39
11/14/19
08:39
Earnings
Tix Corp reports Q3 EPS (6c) vs. (2c) last year »

Reports Q3 revenue $3.13M…

03/08/13
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03/06/13
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NTAP

NetApp

$60.04

-0.08 (-0.13%)

08:39
11/14/19
11/14
08:39
11/14/19
08:39
Recommendations
NetApp analyst commentary  »

NetApp price target…

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  • 20

    Nov

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ENPH

Enphase Energy

$18.93

-0.195 (-1.02%)

08:38
11/14/19
11/14
08:38
11/14/19
08:38
Hot Stocks
Enphase Energy says Vision Solar leverages products for customer experience »

Enphase Energy announced…

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IMMP

Immutep

$1.77

-0.135 (-7.11%)

08:36
11/14/19
11/14
08:36
11/14/19
08:36
Hot Stocks
Immutep announces European patent grant for LAG525 antibody »

Immutep announced the…

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CTSO

CytoSorbents

$4.44

0.05 (1.14%)

08:36
11/14/19
11/14
08:36
11/14/19
08:36
Conference/Events
CytoSorbents management to meet with B. Riley FBR »

Meeting to be held in New…

03/08/13
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  • 15

    Nov

CCMP

Cabot Microelectronics

$156.67

0.28 (0.18%)

08:36
11/14/19
11/14
08:36
11/14/19
08:36
Downgrade
Cabot Microelectronics rating change  »

Cabot Microelectronics…

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  • 18

    Nov

RMBL

RumbleON

$1.50

-0.83 (-35.62%)

08:35
11/14/19
11/14
08:35
11/14/19
08:35
Recommendations
RumbleON analyst commentary  »

RumbleON price target…

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  • 21

    Nov

LINC

Lincoln Educational

$1.90

(0.00%)

08:35
11/14/19
11/14
08:35
11/14/19
08:35
Earnings
Lincoln Educational sees FY19 revenue, student starts up 3%-5% »

Ex. Transitional segment.…

03/08/13
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08:35
11/14/19
11/14
08:35
11/14/19
08:35
General news
U.S. PPI rose 0.4% in October, with the core rate up 0.3% »

U.S. PPI rose 0.4% in…

LINC

Lincoln Educational

$1.90

(0.00%)

08:34
11/14/19
11/14
08:34
11/14/19
08:34
Earnings
Lincoln Educational reports Q3 EPS 5c, one est. 9c »

Reports Q3 revenue…

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AMPY

Amplify Energy

$6.22

-0.17 (-2.66%)

08:34
11/14/19
11/14
08:34
11/14/19
08:34
Initiation
Amplify Energy initiated  »

Amplify Energy initiated…

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08:34
11/14/19
11/14
08:34
11/14/19
08:34
General news
Jobless Claims data reported »

Week of 11/9 Jobless…

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