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MAR

Marriott

$114.35

-7.43 (-6.10%)

, EFX

Equifax

$102.18

-0.53 (-0.52%)

13:37
11/30/18
11/30
13:37
11/30/18
13:37

Comparison of Marriott breach to Equifax a 'much too dire' view, says JPMorgan

JPMorgan analyst Joseph Greff believes it is "way too early" to quantify the financial impact to Marriott (MAR) of the company's data breach, which he notes is large in terms of number of guests and "deep" in terms of the types of data - such as passport, credit card and address information - that may have been exposed. Marriot shares appear to be to be pricing in a "sizable permanent impact," given that the roughly 6% pullback implies $130M-$135M in lost net income using its current 2019 P/E multiple, Greff tells investors. His general view is that any damage done to the brand longer-term will likely be minimal, if there is any at all, adding that "consumers are growing somewhat numb to these events." In his conversations today, the "kneejerk comparison" has been to Equifax's (EFX) breach last year, but that comparison "is (much) too dire," Greff believes. He maintains an Overweight rating on Marriott shares.

MAR

Marriott

$114.35

-7.43 (-6.10%)

EFX

Equifax

$102.18

-0.53 (-0.52%)

  • 30

    Nov

  • 05

    Dec

  • 12

    Dec

  • 13

    Dec

MAR Marriott
$114.35

-7.43 (-6.10%)

11/30/18
JPMS
11/30/18
NO CHANGE
JPMS
Marriott data breach impact too early to quantify, says JPMorgan
11/30/18
JEFF
11/30/18
NO CHANGE
Target $124
JEFF
Hold
Marriott financial impact from breach likely marginal, says Jefferies
After Marriott disclosed it is investigating a data security incident involving a Starwood guest reservation database that contains information on up to approximately 500M guests, including approximately 327M of whom may have had sensitive information accessed, Jefferies analyst David Katz said he believes the announcement will pressure shares in the near-term, but he does not expect a meaningful financial impact either in the near-term or long term-term. While he thinks any revisions to estimates will be marginal, Katz does think "it is prudent to contemplate" the possibility for near-term, headline-driven apprehension in new bookings, the possible medium- to longer-term impact of customers leaving to competitors and the near-term expenses and any potential charges or settlements. He keeps a Hold rating on Marriott shares, citing valuation, with a $124 price target.
11/27/18
11/27/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Outperform from In-Line at Imperial Capital with analyst David Miller saying while fiscal 2019 should be a "transitional year," fiscal 2020 brings an "abundance of catalysts." 2. Citizens Financial (CFG) upgraded to Outperform from Neutral at Macquarie. 3. Parsley Energy (PE) upgraded to Buy from Neutral at Goldman Sachs with analyst John Nelson saying greater appreciation of the the company's free cash flow inflection in the second half of 2019 should drive improved investor sentiment. 4. Taubman Centers (TCO) was upgraded to Sector Perform from Underperform at Scotiabank and to Equal Weight from Underweight at Morgan Stanley. 5. Marriott (MAR) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Stephen Grambling saying the stock has been penalized recently amid Starwood integration issues, but these will prove temporary and position Marriott better in the future. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/27/18
GSCO
11/27/18
DOWNGRADE
Target $70
GSCO
Buy
Wyndham Hotels & Resorts downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Stephen Grambling removed Wyndham Hotels & Resorts (WYN) from his firm's America's Conviction List while keeping a Buy rating on the shares. The analyst lowered his price target for the stock to $70 from $76. Grambling reduced his estimates for Wyndham to reflect incremental caution around timeshare amid softening housing data and rising rates. However, he continues to believe upside from the La Quinta acquisition, accelerating unit growth, and fee rates should all drive upside to consensus estimates and a "re-rating" versus peers. Nonetheless, Grambling sees a more attractive risk/reward in shares of Marriott (MAR).
EFX Equifax
$102.18

-0.53 (-0.52%)

11/30/18
LEHM
11/30/18
UPGRADE
Target $225
LEHM
Overweight
Barclays upgrades Fair Isaac to Overweight following recent pullback
Barclays analyst Manav Patnaik upgraded Fair Isaac (FICO) to Overweight from Equal Weight and raised his price target for the shares to $225 from $200. The analyst says his constructive view on the stock comes on the back of the recent pullback as well as his appreciation of the company's evolution as a Software name. Patnaik prefers shares of Fair Isaac and TransUnion (TRU) over Equifax (EFX) and Dun & Bradstreet (DNB).
10/26/18
WELS
10/26/18
NO CHANGE
Target $137
WELS
Outperform
Equifax selloff creates attractive risk/reward, says Wells Fargo
Wells Fargo analyst William Warmington believes the post-earnings selloff yesterday in shares of Equifax creates an attractive risk/reward profile. The analyst lowered his price target for the stock to $137 from $145 and keeps an Outperform rating on the name. Equifax's issues are related to the macro environment and deal delays in Financial Marketing Solutions, not competitive issues, Warmington tells investors in a post-earnings research note titled "Deja Vu All Over Again. . ." The stock is at a level not seen since September 2017 immediately following the data breach, but offers a more attractive risk/reward for long-term investors than last September, the analyst claims. He believes concerns are market share loss are overblown and that Equifax's IT transformation is a "major plus."
10/23/18
BOFA
10/23/18
INITIATION
Target $123
BOFA
Underperform
Equifax reinstated with an Underperform at BofA/Merrill
BofA/Merrill analyst Gary Bisbee reinstated coverage on Equifax with an Underperform and $123 price target telling investors the company will eventually work through data breach issues and a rebound in shares will take time. Bisbee also said costs to remediate the system are building and expects the company will be among the slowest profit growers in the group.
06/25/18
WBLR
06/25/18
NO CHANGE
WBLR
Outperform
Equifax 'Most Improved' at Annual Growth conference, says William Blair
Following the firm's 38th Annual Growth Stock Conference, William Blair analyst Timothy McHugh added Equifax to his "Weekly Top Five" list, telling investors that the stock could be awarded "Most Improved" from the conference as investors walked away "with hope and even confidence" that things are turning around. According to McHugh, Equifax management stated that they are "out of the penalty box" with a majority of their customers, adding that new CEO Mark Begor is being "very aggressive" with personal outreach to these clients and believes the company is willing to be aggressive with pricing if need be. Further, McHugh, has an Outperform rating on Equifax shares, believes it is looking less likely that the company will shut down its U.S. direct-to-consumer business abruptly.

TODAY'S FREE FLY STORIES

BNPQY

BNP Paribas

$0.00

(0.00%)

18:36
11/19/19
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SBFC

Southeastern Bank Financial

$0.00

(0.00%)

18:32
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Southeastern Bank Financial to acquire First Bank of the Palm Beaches for $32.9M »

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RGLD

Royal Gold

$117.92

1.43 (1.23%)

18:24
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18:24
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18:24
Hot Stocks
Royal Gold raises quarterly dividend to 28c from 26.5c per share »

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  • 20

    Nov

RH

RH

$182.21

-5.37 (-2.86%)

, BRK.A

Berkshire Hathaway

$328,500.00

-620 (-0.19%)

18:22
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11/19
18:22
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18:22
Hot Stocks
RH CEO: We're building a luxury platform »

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RH

$182.21

-5.37 (-2.86%)

BRK.A

Berkshire Hathaway

$328,500.00

-620 (-0.19%)

BRK.B

Berkshire Hathaway

$219.08

-0.26 (-0.12%)

03/08/13
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CBRE

CBRE Group

$55.90

-0.09 (-0.16%)

18:20
11/19/19
11/19
18:20
11/19/19
18:20
Recommendations
CBRE Group analyst commentary  »

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WMT

Walmart

$119.90

-0.31 (-0.26%)

18:18
11/19/19
11/19
18:18
11/19/19
18:18
Hot Stocks
Walmart EVP Furner sells 8.3K shares of common stock »

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WMT

Walmart

$119.90

-0.31 (-0.26%)

18:09
11/19/19
11/19
18:09
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18:09
Hot Stocks
Walmart EVP Furner sells 5.9K shares of common stock »

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DL

China Distance Education

$7.15

0.05 (0.70%)

18:03
11/19/19
11/19
18:03
11/19/19
18:03
Earnings
China Distance Education reports Q4 EPS 55c, one estimate 33c »

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  • 20

    Nov

SYY

Sysco

$80.29

-0.41 (-0.51%)

18:01
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18:01
Hot Stocks
Sysco appoints Michael Foster as Chief Information and Technology Officer »

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  • 03

    Dec

PCG

PG&E

$6.85

-0.22 (-3.11%)

18:01
11/19/19
11/19
18:01
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18:01
Hot Stocks
PG&E may shut off power for safety in portions of 16 counties »

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  • 07

    Jan

PAGP

Plains GP Holdings

$17.13

-0.61 (-3.44%)

17:59
11/19/19
11/19
17:59
11/19/19
17:59
Hot Stocks
Plains GP Holdings director Everardo Goyanes buys over $358K in company shares »

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F

Ford

$8.90

-0.05 (-0.56%)

, GM

General Motors

$36.39

-0.23 (-0.63%)

17:50
11/19/19
11/19
17:50
11/19/19
17:50
Periodicals
Law experts say Trump can't impose 'Section 232' car tariffs, Reuters says »

Trade law experts have…

F

Ford

$8.90

-0.05 (-0.56%)

GM

General Motors

$36.39

-0.23 (-0.63%)

HMC

Honda

$28.73

-0.095 (-0.33%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$143.00

-0.53 (-0.37%)

TSLA

Tesla

$359.52

9.53 (2.72%)

DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$15.59

-0.045 (-0.29%)

VWAGY

Volkswagen

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 19

    Nov

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  • 09

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  • 04

    Feb

MDT

Medtronic

$111.10

-0.15 (-0.13%)

17:47
11/19/19
11/19
17:47
11/19/19
17:47
Recommendations
Medtronic analyst commentary  »

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  • 19

    Nov

TPCO

Tribune Publishing

$9.74

0.16 (1.67%)

17:47
11/19/19
11/19
17:47
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17:47
Hot Stocks
Tribune Publishing says Alden Global now company's largest shareholder »

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RPAI

Retail Properties of America

$14.08

-0.01 (-0.07%)

, SHAK

Shake Shack

$59.90

-1.85 (-3.00%)

17:33
11/19/19
11/19
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17:33
Hot Stocks
Retail Properties of America says Shake Shack is 1st signed lease at Circle East »

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RPAI

Retail Properties of America

$14.08

-0.01 (-0.07%)

SHAK

Shake Shack

$59.90

-1.85 (-3.00%)

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  • 19

    Feb

CWT

California Water Service

$50.67

0.2 (0.40%)

17:28
11/19/19
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17:28
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17:28
Hot Stocks
California Water Service chairman sells 10K shares of common stock »

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BA

Boeing

$366.93

-2.57 (-0.70%)

17:25
11/19/19
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Hot Stocks
Boeing awarded maximum $232M Defense Logistics Agency delivery order »

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AXS

Axis Capital

$58.84

-0.1 (-0.17%)

17:23
11/19/19
11/19
17:23
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17:23
Syndicate
Breaking Syndicate news story on Axis Capital »

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  • 20

    Nov

BA

Boeing

$366.93

-2.57 (-0.70%)

17:23
11/19/19
11/19
17:23
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17:23
Hot Stocks
Bell Boeing awarded $379.38M Defense Logistics Agency contract for V-22 platform »

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SMLP

Summit Midstream

$3.79

-0.05 (-1.30%)

17:12
11/19/19
11/19
17:12
11/19/19
17:12
Syndicate
Breaking Syndicate news story on Summit Midstream »

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TMST

TimkenSteel

$5.33

-0.17 (-3.09%)

17:01
11/19/19
11/19
17:01
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17:01
Hot Stocks
TimkenSteel to close its Houston Material Services facility »

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ATVI

Activision Blizzard

$53.28

0.555 (1.05%)

16:58
11/19/19
11/19
16:58
11/19/19
16:58
Periodicals
Activision CEO says 'no reason' company can't reach 1B users, CNBC says »

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TRS

TriMas

$30.92

0.13 (0.42%)

16:58
11/19/19
11/19
16:58
11/19/19
16:58
Hot Stocks
TriMas CEO Amato sells 16K shares of common stock »

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BCRX

BioCryst

$2.03

0.33 (19.41%)

16:52
11/19/19
11/19
16:52
11/19/19
16:52
Hot Stocks
Breaking Hot Stocks news story on BioCryst »

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  • 02

    Dec

BCRX

BioCryst

$2.03

0.33 (19.41%)

16:51
11/19/19
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16:51
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Hot Stocks
Point72 reports 6.1% passive stake in BioCryst »

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  • 02

    Dec

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