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CIT

CIT Group

$41.20

0.82 (2.03%)

05:53
01/09/19
01/09
05:53
01/09/19
05:53

CIT Group upgraded to Buy from Neutral at UBS

UBS analyst Eric Wasserstrom upgraded CIT Group to Buy with an unchanged price target of $51. The analyst believes CIT is nearing the end of several years of repositioning of its balance sheet, business mix, and cost base. This will result in improving return on average tangible common shareholders' equity from ~8% this year to ~10% in 2020, Wasserstrom tells investors in a research note. Further, he views the current valuation as compressed.

CIT CIT Group
$41.20

0.82 (2.03%)

08/10/18
OPCO
08/10/18
NO CHANGE
Target $61
OPCO
Outperform
CIT Group management taking steps to raise, realize value, says Oppenheimer
Oppenheimer analyst Chris Kotowski maintained an Outperform rating on CIT Group following a recent meeting with CFO John Fawcett. In a research note to investors, Kotowski says CIT is the most undervalued bank holding company he covers and management is taking active steps to raise and realize that value. The analyst maintained a $61 fundamental target and thinks the value would be greater as a consolidation candidate.
08/27/18
SPHN
08/27/18
DOWNGRADE
Target $60
SPHN
Equal Weight
CIT Group downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Vincent Caintic downgraded CIT Group to Equal Weight with an unchanged price target of $60. The analyst cites valuation for the downgrade with the shares nearing his price target.
09/19/18
OPCO
09/19/18
NO CHANGE
OPCO
Outperform
U.S. banks 'in very good shape,' says Oppenheimer, favorites include BofA, Citi
Oppenheimer analyst Chris Kotowski tells investors in a research note that the U.S. banking group is on solid footing with balance sheets less risky than at any time over the last 33 years the firm covered the group and says his favorite bank stocks are Outperform-rated Bank of America (BAC), Citi (C), CIT (CIT) and Goldman Sachs (GS). However, Kotowski notes that banks are trading at an average relative P/E of just ~66% relative to the S&P 500 and returning to a historical avg valuation of 73%-80% range would imply over a thousand basis points of outperformance by the group. In his view, the U.S. banks are, on the whole, in "very good" shape.
01/04/19
OPCO
01/04/19
NO CHANGE
OPCO
Outperform
Oppenheimer sees 'poor' quarter for banks' capital markets businesses
Oppenheimer analyst Chris Kotowski previewed the Q4 outlook for financial institutions, telling investors in a research note that the significant market volatility in December suggests a poor quarter for the banks' capital markets businesses which are likely to persist into 1H19, adding that the weaker equity markets will likely limit ECM revenues. Kotowski says he believes the less banks pay for their shares in the current market turmoil, the more the stocks are worth in the long run. He continue to recommend Bank of America (BAC), Citi (C), CIT Group (CIT), Goldman Sachs (GS), Morgan Stanley (MS) and US Bancorp (USB).

TODAY'S FREE FLY STORIES

CZR

Caesars

$9.42

-0.21 (-2.18%)

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Caesars says in discussions with Carl Icahn after his disclosed stake »

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    Feb

HRS

Harris

$164.55

-0.62 (-0.38%)

17:48
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Harris awarded $168.8M Navy contract modification »

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KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

17:45
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Kraft Heinz to cut quarterly dividend to 40c from 62.5c per share »

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    Feb

HON

Honeywell

$152.60

-1.2 (-0.78%)

17:43
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Honeywell awarded not-to-exceed $150M Air Force contract for ATTAM Phase 1 »

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    Apr

BA

Boeing

$417.48

-4.13 (-0.98%)

17:40
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Tapestry awarded not-to-exceed $259M Air Force contract for WPS »

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  • 11

    Mar

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    May

INFN

Infinera

$4.87

-0.02 (-0.41%)

17:39
02/21/19
02/21
17:39
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17:39
Earnings
Infinera sees Q1 EPS (27c) plus/minus 2c, consensus (19c) »

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CRON

Cronos Group

$22.45

0.22 (0.99%)

, MO

Altria Group

$50.38

-0.14 (-0.28%)

17:37
02/21/19
02/21
17:37
02/21/19
17:37
Hot Stocks
Cronos Group shareholders approve C$2.4B investment from Altria Group »

Cronos Group (CRON)…

CRON

Cronos Group

$22.45

0.22 (0.99%)

MO

Altria Group

$50.38

-0.14 (-0.28%)

03/08/13
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  • 21

    Feb

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    Feb

BAH

Booz Allen

$53.64

-0.105 (-0.20%)

, GD

General Dynamics

$171.66

-2.78 (-1.59%)

17:36
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Hot Stocks
Booz Allen, General Dynamics, Leidos and SAIC awarded DTRA contracts »

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BAH

Booz Allen

$53.64

-0.105 (-0.20%)

GD

General Dynamics

$171.66

-2.78 (-1.59%)

LDOS

Leidos

$62.87

1.175 (1.90%)

SAIC

SAIC

$75.73

-0.75 (-0.98%)

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  • 28

    May

INFN

Infinera

$4.87

-0.02 (-0.41%)

17:35
02/21/19
02/21
17:35
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17:35
Earnings
Infinera reports Q4 EPS (25c), consensus (27c) »

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  • 21

    Feb

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    Feb

ECIFF

EDF

$0.00

(0.00%)

17:33
02/21/19
02/21
17:33
02/21/19
17:33
Downgrade
EDF rating change  »

EDF downgraded to Neutral…

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LEE

Lee Enterprises

$2.69

0.075 (2.87%)

17:32
02/21/19
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17:32
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Lee Enterprises' TownNews acquires CMS business from GTxcel »

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CENX

Century Aluminum

$9.30

0.12 (1.31%)

17:31
02/21/19
02/21
17:31
02/21/19
17:31
Earnings
Century Aluminum reports Q4 EPS (43c), consensus (53c) »

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  • 21

    Feb

EXEL

Exelixis

$21.22

(0.00%)

17:30
02/21/19
02/21
17:30
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17:30
Initiation
Exelixis initiated  »

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EPSN

Epsilon Energy

$0.00

(0.00%)

17:30
02/21/19
02/21
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Epsilon Energy sees 2019 production growth of 27%-33% y/y »

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SSRM

SSR Mining

$14.13

0.245 (1.76%)

17:29
02/21/19
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Earnings
SSR Mining sees FY19 gold production 395,000 equivalent ounces »

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  • 22

    Feb

ENPH

Enphase Energy

$7.37

0.13 (1.80%)

17:29
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Park West Asset Management reports 5.4% passive stake in Enphase Energy »

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  • 26

    Feb

EPSN

Epsilon Energy

$0.00

(0.00%)

17:29
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Hot Stocks
Epsilon Energy board approves $20M-$25M capital budget for 2019 »

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SSRM

SSR Mining

$14.13

0.245 (1.76%)

17:28
02/21/19
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Earnings
SSR Mining reports Q4 adjusted EPS 4c, two estimates 0c »

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  • 22

    Feb

BIIB

Biogen

$320.99

-14.02 (-4.18%)

17:28
02/21/19
02/21
17:28
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17:28
Initiation
Biogen initiated  »

Biogen initiated with a…

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  • 21

    Feb

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DBX

Dropbox

$25.58

0.1 (0.39%)

17:27
02/21/19
02/21
17:27
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17:27
Earnings
Dropbox sees FY19 revenue $1.63B-$1.64B, consensus $1.6B »

Sees FY19 gross margin…

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  • 21

    Feb

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QNST

QuinStreet

$13.52

-0.26 (-1.89%)

17:26
02/21/19
02/21
17:26
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17:26
Hot Stocks
Park West Asset Management reports 5.0% passive stake in QuinStreet »

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  • 14

    Mar

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    Mar

APPN

Appian

$38.73

0.41 (1.07%)

17:26
02/21/19
02/21
17:26
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17:26
Earnings
Appian sees FY19 EPS (46c)-(42c), consensus (44c) »

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  • 21

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  • 07

    Mar

WAB

Wabtec

$73.59

-1.425 (-1.90%)

, GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

17:26
02/21/19
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17:26
Hot Stocks
S&P announces changes to S&P 400, 500 indices »

Wabtec (WAB) will replace…

WAB

Wabtec

$73.59

-1.425 (-1.90%)

GT

Goodyear Tire

$19.19

-0.2 (-1.03%)

GE

General Electric

$10.03

-0.07 (-0.69%)

03/08/13
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  • 11

    Mar

DBX

Dropbox

$25.58

0.1 (0.39%)

17:26
02/21/19
02/21
17:26
02/21/19
17:26
Earnings
Dropbox sees Q1 revenue $379M-$382M, consensus $377.03M »

Guidance taken from Q4…

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  • 21

    Feb

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    Feb

EIDX

Eidos Therapeutics

$14.99

-0.64 (-4.09%)

17:25
02/21/19
02/21
17:25
02/21/19
17:25
Initiation
Eidos Therapeutics initiated  »

Eidos Therapeutics…

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  • 25

    Mar

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