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COF

Capital One

$82.66

-1.93 (-2.28%)

, WFC

Wells Fargo

$50.26

-0.82 (-1.61%)

08:10
12/10/18
12/10
08:10
12/10/18
08:10

Capital One valuation 'too compelling to ignore,' says Baird

Baird analyst David George upgraded Capital One (COF) to Outperform from Neutral with a $101 price target, telling investors in a research note that the valuation is "too compelling to ignore" for this "quality" franchise. George acknowledges the high leverage to consumer lending and more limited credit visibility, but thinks bear-case earnings power in a recession is $9-$10/sh, and valuation still looks reasonable in this stressed scenario. George says Wells Fargo (WFC), Citizens Financial (CFG) and PNC (PNC) remain his other top Outperform-rated ideas.

COF

Capital One

$82.66

-1.93 (-2.28%)

WFC

Wells Fargo

$50.26

-0.82 (-1.61%)

CFG

Citizens Financial

$33.01

-0.77 (-2.28%)

PNC

PNC Financial

$126.77

-2.5 (-1.93%)

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    Dec

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    Dec

  • 16

    Jan

  • 13

    Jul

  • 17

    Jul

  • 12

    Oct

  • 16

    Oct

COF Capital One
$82.66

-1.93 (-2.28%)

12/10/18
BARD
12/10/18
UPGRADE
BARD
Outperform
Capital One upgraded to Outperform from Neutral at Baird
10/24/18
BMOC
10/24/18
NO CHANGE
Target $146
BMOC
Outperform
Capital One price target raised to $146 from $135 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Capital One to $146 and kept his Outperform rating after its "credit-driven" Q3 earnings beat. The analyst cites lower than expected loan loss provision and higher net interest income, adding that the stock offers a "very meaningful" re-rating potential.
10/31/18
MSCO
10/31/18
NO CHANGE
MSCO
Morgan Stanley sees BB&T, AmEx as possible winners if Fed changes bank rules
Noting that the Federal Reserve will release a memo detailing proposed changes to bank capital rules to the public around 10 am today and is scheduled to vote on this proposal in a meeting starting at 10:30 am, Morgan Stanley analyst Betsy Graseck said BB&T (BBT) could be the biggest beneficiary with a 5% EPS increase if it is ruled that banks with more than $250B in assets that are not Global Systemically Important Banks should have more tailored regulation. Other potential beneficiaries of possible rule changes include American Express (AXP), Capital One (COF), Northern Trust (NTRS), PNC Financial (PNC) and U.S. Bancorp (USB), Graseck added.
11/16/18
OPCO
11/16/18
NO CHANGE
Target $114
OPCO
Outperform
American Express new top credit card pick, says Oppenheimer
Oppenheimer analyst Dominick Gabriele said his new top pick in the credit card space is American Express (AXP) vs. Capital One (COF), as he sees more levers to drive EPS growth upside. In a research note to investors, Gabriele says TTM delinquency formation trends among his credit card coverage reflect a benign credit environment while net charge offs are likely to remain subdued.
WFC Wells Fargo
$50.26

-0.82 (-1.61%)

12/07/18
BARD
12/07/18
NO CHANGE
Target $62
BARD
Outperform
Wells Fargo weakness a buying opportunity, says Baird
Baird analyst David George noted a report that Wells Fargo's regulatory remediation plan was rejected by the Federal Reserve. The analyst said improving regulatory relations is a top priority and significant investment in regulatory compliance/controls and excellent CCAR results suggest the company is making progress. He also noted that earlier this week there was no change in the company's progress or timetable for exiting the asset cap, so it is very unlikely the rejection news was new or surprising to the company. George reiterated his Outperform rating and $62 price target on Wells Fargo shares.
12/07/18
FBCO
12/07/18
NO CHANGE
Target $35
FBCO
Outperform
Bank of America price target cut to $35 from $36 at Credit Suisse
Credit Suisse analyst Susan Roth Katzke maintained a Neutral rating on Bank of America (BAC) but cut her price target to $35 from $36. In a research note to investors, she says that she has increased the weighting on her "gray sky valuation" to 25% from 15% and reduced the weighting on her "blue sky scenario" to 25% from 35%, and while she does not anticipate an imminent turn in the cycle, she feels she must recognize some increased probability relative to the status quo. For Bank of America, she says organic revenue growth, visible operating leverage, manageable credit cost increases and capital efficiency will drive realization of franchise value. The analyst also lowered her price targets on other large banks, including Morgan Stanley (MS), PNC (PNC), State Street (STT), Goldman Sachs (GS), JPMorgan (JPM) and Wells Fargo (WFC).
12/07/18
FBCO
12/07/18
NO CHANGE
Target $146
FBCO
Neutral
PNC Financial price target cut to $146 from $150 at Credit Suisse
Credit Suisse analyst Susan Roth Katzke maintained a Neutral rating on PNC Financial (PNC) but cut her price target to $146 from $150. In a research note to investors, she says that she has increased the weighting on her "gray sky valuation" to 25% from 15% and reduced the weighting on her "blue sky scenario" to 25% from 35%, and while she does not anticipate an imminent turn in the cycle, she feels she must recognize some increased probability relative to the status quo. The analyst also lowered her price targets on other large banks, including Morgan Stanley (MS), Bank of America (BAC), State Street (STT), Goldman Sachs (GS), JPMorgan (JPM) and Wells Fargo (WFC).
12/07/18
FBCO
12/07/18
NO CHANGE
Target $60
FBCO
Neutral
Wells Fargo price target cut to $60 from $62 at Credit Suisse
Credit Suisse analyst Susan Roth Katzke maintained a Neutral rating on Wells Fargo (WFC) but cut her price target to $60 from $62. In a research note to investors, she says that she has increased the weighting on her "gray sky valuation" to 25% from 15% and reduced the weighting on her "blue sky scenario" to 25% from 35%, and while she does not anticipate an imminent turn in the cycle, she feels she must recognize some increased probability relative to the status quo. The analyst also lowered her price targets on other large banks, including Morgan Stanley (MS), PNC (PNC), Bank of America (BAC), State Street (STT), Goldman Sachs (GS) and JPMorgan (JPM).
CFG Citizens Financial
$33.01

-0.77 (-2.28%)

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
MACQ
11/27/18
UPGRADE
MACQ
Outperform
Citizens Financial upgraded to Outperform from Neutral at Macquarie
10/22/18
10/22/18
UPGRADE

Neutral
Citizens Financial upgraded to Neutral at Macquarie
As previously reported, Macquarie upgraded Citizens Financial to Neutral from Underperform with a $38 price target. Analyst David Konrad believes Citizens current 26% ratio of non-interest to total deposits is more defensible and expects the change in deposit mix to be a driver of shares.
10/22/18
BOFA
10/22/18
UPGRADE
BOFA
Buy
Citizens Financial upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst Erika Najarian upgraded Citizens Financial two notches to Buy from Underperform with a $43 price target. Najarian said shares have been on of the worst-performing stocks under coverage and are oversold relative to earnings.
PNC PNC Financial
$126.77

-2.5 (-1.93%)

12/07/18
FBCO
12/07/18
NO CHANGE
Target $128
FBCO
Outperform
JPMorgan price target cut to $128 from $130 at Credit Suisse
Credit Suisse analyst Susan Roth Katzke maintained an Outperform rating on JPMorgan (JPM) but lowered her price target to $128 from $130. In a research note to investors, she says that she has increased the weighting on her "gray sky valuation" to 25% from 15% and reduced the weighting on her "blue sky scenario" to 25% from 35%, and while she does not anticipate an imminent turn in the cycle, she feels she must recognize some increased probability relative to the status quo. The analyst also lowered her price targets on other large banks, including Morgan Stanley (MS), PNC (PNC), Bank of America (BAC), Goldman Sachs (GS), State Street (STT) and Wells Fargo (WFC).

TODAY'S FREE FLY STORIES

PRTY

Party City

$1.78

-0.39 (-17.97%)

10:34
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MFC

Manulife Financial

$19.85

-0.075 (-0.38%)

10:32
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JD

JD.com

$33.44

-0.13 (-0.39%)

10:30
11/13/19
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10:30
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Options
Call ratio in JD.com ahead of earnings Friday »

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BA

Boeing

$365.13

2.24 (0.62%)

10:26
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Boeing appoints Donna Hrinak president of Boeing Canada »

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  • 14

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ASMB

Assembly Biosciences

$14.34

0.18 (1.27%)

, JNJ

Johnson & Johnson

$130.95

-0.43 (-0.33%)

10:25
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11/13
10:25
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10:25
Conference/Events
Mizuho biotech analyst to hold an analyst/technology conferene call »

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ASMB

Assembly Biosciences

$14.34

0.18 (1.27%)

JNJ

Johnson & Johnson

$130.95

-0.43 (-0.33%)

03/08/13
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03/06/13
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03/06/13
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    Jan

NFLX

Netflix

$291.04

-0.97 (-0.33%)

, VIA

Viacom

$25.50

-0.25 (-0.97%)

10:21
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11/13
10:21
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10:21
Hot Stocks
Netflix, Nickelodeon to produce original animated feature films and TV series »

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NFLX

Netflix

$291.04

-0.97 (-0.33%)

VIA

Viacom

$25.50

-0.25 (-0.97%)

VIAB

Viacom

$22.26

-0.305 (-1.35%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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    Dec

YAYO

YayYo

$0.00

(0.00%)

10:21
11/13/19
11/13
10:21
11/13/19
10:21
Syndicate
Breaking Syndicate news story on YayYo »

YayYo opens at $4.05, IPO…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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SDC

SmileDirectClub

$8.97

-2.05 (-18.60%)

10:20
11/13/19
11/13
10:20
11/13/19
10:20
On The Fly
Bull/bear debate seen continuing after SmileDirectClub's first quarterly report »

Shares of SmileDirectClub…

03/08/13
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GOLD

Barrick Gold

$16.68

0.24 (1.46%)

10:20
11/13/19
11/13
10:20
11/13/19
10:20
Options
Barrick Gold diagonal put spread appears to roll protection »

Barrick Gold diagonal put…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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10:19
11/13/19
11/13
10:19
11/13/19
10:19
General news
Atlanta Fed Business Inflation Expectations Bus Infl Exp % Yr/Yr data reported »

November Atlanta Fed…

YAYO

YayYo

$0.00

(0.00%)

10:19
11/13/19
11/13
10:19
11/13/19
10:19
Syndicate
YayYo indicated to open at $4.00, IPO priced at $4.00 »

YayYo (YAYO) priced 2.65M…

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03/08/13
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03/06/13
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03/06/13
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  • 13

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
11/13/19
11/13
10:17
11/13/19
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
11/13/19
11/13
10:16
11/13/19
10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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AAPL

Apple

$262.30

0.41 (0.16%)

, SONO

Sonos

$14.88

0.15 (1.02%)

10:15
11/13/19
11/13
10:15
11/13/19
10:15
Initiation
Fly Intel: Top analyst initiations »

Catch up on today's…

AAPL

Apple

$262.30

0.41 (0.16%)

SONO

Sonos

$14.88

0.15 (1.02%)

JBL

Jabil

$39.11

0.04 (0.10%)

JBLU

JetBlue

$19.52

0.21 (1.09%)

UAL

United Airlines

$92.78

0.05 (0.05%)

DAL

Delta Air Lines

$56.78

-0.45 (-0.79%)

LUV

Southwest

$57.71

-0.16 (-0.28%)

AAL

American Airlines

$29.09

-0.42 (-1.42%)

MAN

ManpowerGroup

$93.24

0.15 (0.16%)

CXO

Concho Resources

$72.75

0.44 (0.61%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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SWKS

Skyworks

$98.59

-3 (-2.95%)

, DHI

D.R. Horton

$55.21

0.92 (1.69%)

10:15
11/13/19
11/13
10:15
11/13/19
10:15
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

SWKS

Skyworks

$98.59

-3 (-2.95%)

DHI

D.R. Horton

$55.21

0.92 (1.69%)

DPLO

Diplomat Pharmacy

$3.12

0.06 (1.96%)

AA

Alcoa

$21.73

-0.455 (-2.05%)

SJM

J.M. Smucker

$104.28

-0.86 (-0.82%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 20

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GIII

G-III Apparel

$28.67

0.16 (0.56%)

, ROK

Rockwell Automation

$199.59

1.59 (0.80%)

10:15
11/13/19
11/13
10:15
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10:15
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

GIII

G-III Apparel

$28.67

0.16 (0.56%)

ROK

Rockwell Automation

$199.59

1.59 (0.80%)

INFN

Infinera

$5.73

0.335 (6.21%)

FCX

Freeport McMoRan

$11.19

0.14 (1.27%)

FIVN

Five9

$62.52

0.44 (0.71%)

03/08/13
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03/06/13
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03/06/13
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    Dec

FIT

Fitbit

$6.91

-0.055 (-0.79%)

10:15
11/13/19
11/13
10:15
11/13/19
10:15
Options
Fitbit put volume heavy and directionally bearish »

Bearish flow noted in…

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HEINY

Heineken

$0.00

(0.00%)

, SNMCY

Suncorp Group

$0.00

(0.00%)

10:14
11/13/19
11/13
10:14
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10:14
Conference/Events
Deutsche Bank to hold a virtual conference »

ADR Virtual Investor…

HEINY

Heineken

$0.00

(0.00%)

SNMCY

Suncorp Group

$0.00

(0.00%)

BOSSY

Hugo Boss

$0.00

(0.00%)

HCM

Hutchison China MediTech

$22.33

-0.12 (-0.53%)

FMS

Fresenius Medical

$36.16

-0.4 (-1.09%)

03/08/13
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03/06/13
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03/06/13
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  • 13

    Nov

GTT

GTT Communications

$6.80

-0.22 (-3.13%)

10:10
11/13/19
11/13
10:10
11/13/19
10:10
Recommendations
GTT Communications analyst commentary  »

BWS drops coverage of GTT…

03/08/13
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  • 09

    Dec

ELS

Equity Lifestyle

$67.50

0.25 (0.37%)

, DRE

Duke Realty

$34.68

0.26 (0.76%)

10:09
11/13/19
11/13
10:09
11/13/19
10:09
Conference/Events
BMO Capital to host company meetings at conference »

BMO Capital Markets…

ELS

Equity Lifestyle

$67.50

0.25 (0.37%)

DRE

Duke Realty

$34.68

0.26 (0.76%)

DLR

Digital Realty

$116.21

0.05 (0.04%)

IRET

Investors Real Estate

$73.43

-0.21 (-0.29%)

MNR

Monmouth Real Estate

$14.76

0.03 (0.20%)

STOR

Store Capital

$39.23

0.235 (0.60%)

REG

Regency Centers

$64.78

-0.03 (-0.05%)

HT

Hersha Hospitality

$13.90

-0.17 (-1.21%)

HR

Healthcare Realty Trust

$31.81

0.37 (1.18%)

LSI

Life Storage

$106.33

0.48 (0.45%)

NHI

National Health Investors

$79.52

0.3 (0.38%)

AFIN

American Finance Trust

$14.53

-0.11 (-0.75%)

BXP

Boston Properties

$135.53

-0.09 (-0.07%)

CTRE

CareTrust REIT

$19.55

-0.18 (-0.91%)

CUBE

CubeSmart

$30.67

0.34 (1.12%)

OHI

Omega Healthcare

$41.40

0.22 (0.53%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 03

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    Dec

  • 05

    Dec

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    Dec

  • 12

    Dec

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    Jan

OXY

Occidental Petroleum

$38.13

-0.31 (-0.81%)

, EC

Ecopetrol

$18.05

-0.22 (-1.20%)

10:07
11/13/19
11/13
10:07
11/13/19
10:07
Hot Stocks
Occidental, Ecopetrol complete investment agreement in U.S. Permian Basin »

Ecopetrol (EC) informs…

OXY

Occidental Petroleum

$38.13

-0.31 (-0.81%)

EC

Ecopetrol

$18.05

-0.22 (-1.20%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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JNPR

Juniper

$25.52

-0.17 (-0.66%)

10:05
11/13/19
11/13
10:05
11/13/19
10:05
Options
Juniper Networks call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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  • 09

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  • 09

    Dec

10:05
11/13/19
11/13
10:05
11/13/19
10:05
General news
Treasury Action: the markets were unmoved by the prepared Powell testimony »

Treasury Action: the…

HE

Hawaiian Electric

$43.19

0.04 (0.09%)

10:03
11/13/19
11/13
10:03
11/13/19
10:03
Periodicals
ValueAct calls on Hawaiian Electric to look outside for next CEO, Bloomberg says »

Jeff Ubben, the CEO of…

03/08/13
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03/06/13
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03/06/13
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RDWR

Radware

$23.32

(0.00%)

10:01
11/13/19
11/13
10:01
11/13/19
10:01
Conference/Events
Radware management to meet with Oppenheimer »

Meeting to be held in…

03/08/13
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03/06/13
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