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V

Visa

$137.70

-0.93 (-0.67%)

, SQ

Square

$66.41

0.32 (0.48%)

14:42
01/11/19
01/11
14:42
01/11/19
14:42

Visa names Square's Mary Kay Bowman Head of Seller Solutions

Visa (V) announced that Mary Kay Bowman will join the company as its new Head of Seller Solutions. "In this role, Mary Kay will lead Visa's strategy for acceptance products and solutions, driving the design, development and delivery of new services and solutions that will transform the payment experience for both sellers and consumers," the company said in a statement. "This is a critical role, as the point of sale is undergoing dramatic change as it shifts from traditional payment acceptance to digital, cross-channel payment experiences." Bowman will join Visa from Square (SQ), where she served as head of payments, according to media.

V

Visa

$137.70

-0.93 (-0.67%)

SQ

Square

$66.41

0.32 (0.48%)

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V Visa
$137.70

-0.93 (-0.67%)

11/14/18
LEHM
11/14/18
INITIATION
LEHM
Overweight
Barclays initiates coverage of U.S. payment processors with PayPal as top pick
As noted earlier, Barclays analyst Ramsey El-Assal initiated a group of 20 U.S. companies in the Payments, Processing, and related IT Services sector with Overweight-rated PayPal (PYPL) as his Top Pick. The analyst cites the company's "100% exposure to high-growth digital channels" along with its "clean balance sheet substantial cash position" that bring it a "strategic opportunity. El-Assal is also particularly positive on Overweight-rated WorldPay (WP) based on its strong growth potential from its exposure to "tech-enabled channels" and merger synergies, FirstData (FDC) based on the accelerating growth of its merchant channels, and Square (SQ)," whose Subscription & Services segment is blurring the lines between Payments and software". The analyst contends that the extent of being "tech-enabled" is a key differentiator in the Payments industry, assigning an Overweight rating to Alliance Data Systems (ADS), ADP (ADP), Cardtronics (CATM), Fidelity National (FIS), First Data (FDC), Fiserv (FISV), Fleetcor Technologies (FLT), Global Payments (GPN), Green Dot (GDOT), Mastercard (MA), Total System Services (TSS), Visa (V), and WEX Inc (WEX). El-Assal assigns Equal-weight ratings to EVO Payments (EVOP) and Paychex (PAYX), stating that while the companies are "solid performers" in the space, their valuation is seen as more balanced. The analyst rates MoneyGram (MGI) and Western Union (WU) at Underweight, saying that the former will struggle to re-ignite positive growth as the costs associated with regulatory scrutiny weigh on its profits and the latter will be challenged by "periodic pricing pressure eroding margins over a long period of time."
12/21/18
BARD
12/21/18
NO CHANGE
BARD
U.K. 'yellow flags' could limit Q4 upside for Amazon and PayPal, says Baird
While e-commerce trends in North America remain healthy, there are enough "yellow flags" in the U.K./Europe data to make risks elevated for e-commerce companies with international exposure, Baird analyst Colin Sebastian tells investors in a research note. Reports and commentary from U.K. online spending sources, retailer Asos, FedEx (FDX), Visa (V), and smaller players suggest December e-commerce spending may be tracking below expectations in the region, says the analyst. He points out that PayPal (PYPL), eBay (EBAY) and Amazon.com (AMZN) are most exposed to European e-commerce among the companies he covers. Sebastian believes the possible U.K. slowdown could limit revenue and margin upside for those companies in Q4.
12/21/18
PIPR
12/21/18
NO CHANGE
Target $178
PIPR
Overweight
Visa price target lowered to $178 from $191 at Piper Jaffray
Piper Jaffray analyst Jason Deleeuw lowered his price target for Visa to $178 while maintaining an Overweight rating on the shares. The analyst reduced his fiscal 2019/2020 revenue forecasts by 1% as he expects slower consumer spending and payments volume growth amid a "cloudier U.S. and global macro outlook." Deleeuw, however, continues to see Visa as a "multi-vector" long-term growth story with "contained risks."
12/28/18
BARD
12/28/18
NO CHANGE
Target $150
BARD
Outperform
Visa risk/reward remains favorable following acquisition, says Baird
Baird analyst David Koning believes the risk/reward on Visa remains favorable following its acquisition of London-listed Earthport. The company is a cross-border provider for banks and businesses and could add roughly 0.2% to Visa's annual revenue while being less than 1c dilutive to earnings, the analyst says in a research note. Koning maintained his Outperform rating and $150 price target on Visa shares.
SQ Square
$66.41

0.32 (0.48%)

12/21/18
PIPR
12/21/18
NO CHANGE
Target $58
PIPR
Neutral
Square price target lowered to $58 from $92 at Piper Jaffray
Piper Jaffray analyst Jason Deleeuw lowered his price target for Square to $58 from $92 and reiterates a Neutral rating on the shares. The analyst reduced his fiscal 2019 and 2020 revenue forecasts by 2% to reflect slower consumer spending and payment volume growth amid a "cloudier U.S. and global macro outlook." He also lowered his Subscription & Services revenue growth forecast as he expects less uptake of Square's working capital and lending solutions for small businesses.
01/04/19
MSCO
01/04/19
NO CHANGE
Target $75
MSCO
Equal Weight
Morgan Stanley 'optimistic' about Square choice of Ahuja as new CFO
After Square (SQ) announced that Amrita Ahuja, currently the CFO of Activision Blizzard's (ATVI) Blizzard Entertainment unit, will be its new CFO starting this month, Morgan Stanley analyst James Faucette said he is "optimistic" about the choice and view the news as positive. He noted that Square's prior CFO, Sarah Friar, was instrumental in managing expectations while also articulating the company's long-term opportunities, but he thinks Ahuja's diverse experience should help her as she becomes a key strategy decisionmaker and communicator to the Street. Faucette maintains his Equal Weight rating on Square shares with a $75 price target.
01/04/19
WOLF
01/04/19
UPGRADE
WOLF
Outperform
Square upgraded to Outperform from Peer Perform at Wolfe Research
01/08/19
NOMU
01/08/19
NO CHANGE
Target $108
NOMU
Buy
Eventbrite could meaningfully boost Square payment volumes, says Nomura Instinet
Square (SQ) this year will begin to process payment volumes for Eventbrite (EB), a fast growing event ticketing website, in the U.S. and other major geographies. Nomura Instinet analyst Dan Dolev tells investors in a research note titled "Eventbrite Could Meaningfully Boost GPV." The analyst estimates Eventbrite could contribute $2B-$4B in 2019 to Square's gross payment volume and $5M-$11M to adjusted net revenue. He does not believe Eventbrite's contribution is reflected in consensus estimates. Dolev raised his price target for Square shares to $108 from $107 and keeps a Buy rating on the name.

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Embraer

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China Eastern Airlines

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MS

Morgan Stanley

$44.48

1.59 (3.71%)

, BBT

BB&T

$47.55

1.2 (2.59%)

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BB&T

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PPG

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MTB

M&T Bank

$154.45

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KEY

KeyCorp

$16.75

0.44 (2.70%)

FAST

Fastenal

$54.11

-0.47 (-0.86%)

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FDC

First Data

$21.27

3.72 (21.20%)

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VEON

Veon

$2.56

-0.03 (-1.16%)

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AMZN

Amazon.com

$1,682.84

7.84 (0.47%)

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GS

Goldman Sachs

$197.03

17.12 (9.52%)

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Tesla

$346.03

1.78 (0.52%)

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Cars.com

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H.B. Fuller

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Plexus

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CSX

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Kinder Morgan

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Alcoa

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Aurora Cannabis

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Mirati Therapeutics

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Apple

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BAC

Bank of America

$28.44

1.89 (7.12%)

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New Relic

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Tencent Music

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Ascent Capital

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CMS

CMS Energy

$50.56

0.34 (0.68%)

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DTE

DTE Energy

$111.73

0.48 (0.43%)

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