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BK

BNY Mellon

$47.61

-0.16 (-0.33%)

07:12
01/09/19
01/09
07:12
01/09/19
07:12

BNY Mellon downgraded to Neutral from Buy at Citi

Citi analyst Keith Horowitz downgraded BNY Mellon to Neutral with a $52 price target. The analyst believes the company's valuation relative to peers has gotten full and says he cannot justify a strong case for 15% plus upside from current levels. He views BK as fairly valued at current prices.

  • 16

    Jan

BK BNY Mellon
$47.61

-0.16 (-0.33%)

01/08/19
JEFF
01/08/19
DOWNGRADE
Target $91
JEFF
Hold
Jefferies cuts trust bank estimates, downgrades Northern Trust to Hold
Jefferies analyst Ken Usdin downgraded Northern Trust (NTRS) to Hold from Buy and lowered his price target for the shares to $91 from $121. The sharp Q4 decline in market levels weighs on trust banks' revenue estimates, Usdin tells investors in a research note. He downgraded Northern Trust with his 2020 earnings estimate now 7% below consensus. Trust bank valuations remain below historical averages, but slower organic growth and "less macro help" are challenges, says the analyst. He also lowered his price target for Hold-rated BNY Mellon (BK) to $50 and Hold-rated State Street (STT) to $70.
10/19/18
10/19/18
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. Las Vegas Sands (LVS) downgraded to Buy from Conviction Buy at Goldman Sachs. 2. eBay (EBAY) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying PayPal's (PYPL) earnings release last night suggested weak eBay gross merchandise volume trends in Q3. 3. Ford (F) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Adam Jonas saying he now believes the market needs more evidence of success before embracing the Ford restructuring story. 4. BNY Mellon (BK) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Brian Kleinhanzl saying while the company beat estimates this quarter, several line items were weaker than expectations. 5. Harley-Davidson (HOG) downgraded to Market Perform from Outperform at BMO Capital with analyst Gerrick Johnson saying his previously expected catalysts for sales and earnings did not materialize. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/19/18
KBWI
10/19/18
DOWNGRADE
Target $49
KBWI
Underperform
BNY Mellon downgraded to Underperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brian Kleinhanzl downgraded BNY Mellon to Underperform and lowered his price target for the shares to $49 from $55. While the company beat estimates this quarter, several line items were weaker than expectations, Kleinhanzl tells investors in a research note. He cut his 2019 and 2020 estimates again as a result of limited upside and limited visibility into BNY Mellon's earnings power.
09/25/18
WOLF
09/25/18
INITIATION
Target $54
WOLF
Underperform
BNY Mellon initiated with an Underperform at Wolfe Research
Wolfe Research analyst Steven Chubak initiated BNY Mellon with an Underperform and $54 price target.

TODAY'S FREE FLY STORIES

MBIO

Mustang Bio

$4.15

(0.00%)

, FBIO

Fortress Biotech

$2.15

-0.01 (-0.46%)

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Mustang Bio, Fortress Biotech analyst commentary  »

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$4.15

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TRMB

Trimble

$39.47

0.1 (0.25%)

, DGII

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$13.40

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TRMB

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$39.47

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DGII

Digi International

$13.40

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WWW

Wolverine World Wide

$35.90

-3.6 (-9.11%)

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LC

LendingClub

$3.27

-0.355 (-9.81%)

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OMI

Owens & Minor

$6.46

-1.48 (-18.64%)

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  • 20

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NVTA

Invitae

$18.07

1.58 (9.58%)

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  • 27

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    Feb

BDC

Belden

$62.43

5.79 (10.22%)

10:00
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Belden rises 9.8% »

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F

Ford

$8.94

0.11 (1.25%)

10:00
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02/20
10:00
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10:00
Options
Put buyers in Ford shortly after the opening bell Wednesday »

Put buyers in Ford…

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DVN

Devon Energy

$32.15

3.84 (13.56%)

10:00
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Devon Energy rises 13.6% »

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TSLA

Tesla

$304.81

-0.75 (-0.25%)

09:58
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09:58
On The Fly
Tesla drops as general counsel leaves after just two months »

Shares of Tesla (TSLA)…

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    Mar

ET

Energy Transfer LP

$15.64

(0.00%)

09:55
02/20/19
02/20
09:55
02/20/19
09:55
Options
Energy Transfer put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 21

    Feb

GRMN

Garmin

$79.73

8.77 (12.36%)

, DVN

Devon Energy

$31.90

3.59 (12.68%)

09:55
02/20/19
02/20
09:55
02/20/19
09:55
Options
Early notable gainers among liquid option names on February 20th »

Notable gainers among…

GRMN

Garmin

$79.73

8.77 (12.36%)

DVN

Devon Energy

$31.90

3.59 (12.68%)

CF

CF Industries

$43.09

1.07 (2.55%)

HST

Host Hotels

$18.93

0.41 (2.21%)

PCG

PG&E

$18.03

0.28 (1.58%)

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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  • 20

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09:55
02/20/19
02/20
09:55
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09:55
Conference/Events
UBS technology analyst to hold an analyst/industry conference call »

Technology Analyst…

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Conference/Events
Wedbush digital media analyst to hold an analyst/industry conference call »

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FB

Facebook

$163.50

1.21 (0.75%)

, GOOG

Alphabet

$1,120.70

2.54 (0.23%)

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Periodicals
EU countries back copyright reforms targeting Facebook, Google, Reuters says »

A majority of EU…

FB

Facebook

$163.50

1.21 (0.75%)

GOOG

Alphabet

$1,120.70

2.54 (0.23%)

GOOGL

Alphabet Class A

$1,128.63

2.2 (0.20%)

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  • 25

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NAV

Navistar

$36.77

0.24 (0.66%)

, PCAR

Paccar

$68.19

-0.02 (-0.03%)

09:51
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Recommendations
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NAV

Navistar

$36.77

0.24 (0.66%)

PCAR

Paccar

$68.19

-0.02 (-0.03%)

VLKAY

Volkswagen

$0.00

(0.00%)

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AJRD

Aerojet Rocketdyne

$36.00

-4.41 (-10.91%)

09:47
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Hot Stocks
Aerojet Rocketdyne falls -9.8% »

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LC

LendingClub

$3.22

-0.4 (-11.05%)

09:47
02/20/19
02/20
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09:47
Hot Stocks
LendingClub falls -11.1% »

LendingClub is down…

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OMI

Owens & Minor

$6.38

-1.56 (-19.65%)

09:47
02/20/19
02/20
09:47
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Hot Stocks
Owens & Minor falls -19.8% »

Owens & Minor is down…

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  • 20

    Feb

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LZB

La-Z-Boy

$34.53

2.305 (7.15%)

09:47
02/20/19
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  • 20

    Feb

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NVTA

Invitae

$17.77

1.28 (7.76%)

09:47
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Hot Stocks
Invitae rises 9.3% »

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  • 27

    Feb

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    Feb

DVN

Devon Energy

$31.20

2.89 (10.21%)

09:47
02/20/19
02/20
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09:47
Hot Stocks
Devon Energy rises 10.3% »

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09:46
02/20/19
02/20
09:46
02/20/19
09:46
General news
Market little changed as Fed minutes loom »

Stock futures drifted…

09:45
02/20/19
02/20
09:45
02/20/19
09:45
General news
Treasury Action: positioning data showed a rise in neutrals »

Treasury Action:…

CCI

Crown Castle

$120.17

(0.00%)

, NEE

NextEra Energy

$185.39

(0.00%)

09:40
02/20/19
02/20
09:40
02/20/19
09:40
Options
Unusually active option classes on open February 20th »

Unusual total active…

CCI

Crown Castle

$120.17

(0.00%)

NEE

NextEra Energy

$185.39

(0.00%)

DVN

Devon Energy

$28.31

(0.00%)

CVS

CVS Health

$69.92

(0.00%)

ELAN

Elanco

$29.18

(0.00%)

FCX

Freeport McMoRan

$13.09

(0.00%)

BHC

Bausch Health

$25.17

(0.00%)

WMT

Walmart

$102.23

(0.00%)

ADBE

Adobe

$257.84

(0.00%)

F

Ford

$8.83

(0.00%)

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