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STT

State Street

$67.00

0.465 (0.70%)

07:38
01/14/19
01/14
07:38
01/14/19
07:38

State Street upgraded two notches to Strong Buy at Raymond James

As previously reported, Raymond James upgraded State Street two notches to Strong Buy from Market Perform with a $82 price target. Analyst David Long is positive on the acquisition of Charles River Development to integrate front-to-back office capabilities, which provides a unique revenue growth opportunity, the company's much lower credit risk profile versus commercial peers, and State Street's attractive valuation.

  • 18

    Jan

STT State Street
$67.00

0.465 (0.70%)

01/08/19
MSCO
01/08/19
NO CHANGE
MSCO
Morgan Stanley cuts large cap bank estimates, but says stocks 'still cheap'
Morgan Stanley analyst Betsy Graseck lowered her large cap bank EPS estimates by an average of 3% and cut her target P/E multiples in the group an average of 2% due to her expectations for lower market-based revenues, slower NIM growth, risks to luxury consumer spending in 2019 and the drop in 2018 M&A volumes. Given this, she lowered her price targets by a median 6%, lowering her target for Bank of America (BAC) to $40 from $42, for Citi (C) to $88 from $94 and for JPMorgan (JPM) to $149 from $153. However, as a group she thinks large cap bank stocks still look cheap, as they are largely pricing a recession, which is not her base case. In terms of her top picks, Graseck identifies Bank of America, JPMorgan and State Street (STT).
01/08/19
EVER
01/08/19
UPGRADE
EVER
Outperform
State Street upgraded to Outperform, shares 'super cheap,' says Evercore ISI
As previously reported, Evercore ISI upgraded State Street to Outperform from In Line and raised its price target to $79. Analyst Glenn Schorr said shares are down 44% from 52-week highs and are "super cheap." Schorr thinks competitive pressures can ease and notes State Street's efforts to keep expenses low while investing for growth and trying to become more relevant to clients. State Street shares should rest higher as new business wins come online, CRD integration progress shows through, and returns grind higher, the analyst wrote in a note to investors.
01/11/19
BOFA
01/11/19
UPGRADE
Target $77
BOFA
Buy
State Street upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Michael Carrier upgraded State Street to Buy from Neutral and trimmed his price target to $77 from $79. Carrier said revenue headwinds are reflected in valuation while management is focused on integration and expense initiatives and markets are stabilizing.
01/14/19
RAJA
01/14/19
UPGRADE
RAJA
Strong Buy
State Street upgraded to Strong Buy from Market Perform at Raymond James

TODAY'S FREE FLY STORIES

MKL

Markel

$1,067.03

13.52 (1.28%)

16:36
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Markel says Anthony Belisle, Alissa Fredricks no longer with company »

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NILSY

Norilsk Nickel

$0.00

(0.00%)

16:35
01/18/19
01/18
16:35
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16:35
Downgrade
Norilsk Nickel rating change  »

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JNJ

Johnson & Johnson

$130.65

1.54 (1.19%)

, ABBV

AbbVie

$89.51

2.28 (2.61%)

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AbbVie: Phase 3 study of ibrutinib did not meet primary endpoint »

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JNJ

Johnson & Johnson

$130.65

1.54 (1.19%)

ABBV

AbbVie

$89.51

2.28 (2.61%)

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FOMX

Foamix

$3.70

-0.14 (-3.65%)

16:32
01/18/19
01/18
16:32
01/18/19
16:32
Conference/Events
Foamix to host research and development day »

Research and Development…

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16:30
01/18/19
01/18
16:30
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16:30
Options
Preliminary option volume of 26.9M today »

Preliminary option volume…

NBRV

Nabriva Therapeutics

$1.97

-0.01 (-0.51%)

16:27
01/18/19
01/18
16:27
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16:27
Conference/Events
Nabriva Therapeutics to host analyst and investor meeting »

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VLRS

Volaris

$7.50

0.04 (0.54%)

16:21
01/18/19
01/18
16:21
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16:21
Conference/Events
International Aviation Club to host monthly luncheon meeting »

Enrique Beltranena, CEO…

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  • 23

    Jan

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
01/18/19
01/18
16:20
01/18/19
16:20
Options
Closing CBOE SPX and VIX Index summary for January 18th »

The CBOE Volatility Index…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
01/18/19
01/18
16:17
01/18/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was above average…

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
01/18/19
01/18
16:16
01/18/19
16:16
Technical Analysis
NYSE market internals summary »

Volume was average for…

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FTSV

Forty Seven

$14.48

-0.57 (-3.79%)

16:14
01/18/19
01/18
16:14
01/18/19
16:14
Conference/Events
Forty Seven to hold KOL breakfast symposium »

Key Opinion Leader…

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TSLA

Tesla

$302.26

-45.18 (-13.00%)

, WMT

Walmart

$97.75

1.01 (1.04%)

16:14
01/18/19
01/18
16:14
01/18/19
16:14
On The Fly
Fly Intel: Wall Street's top stories for Friday »

Stocks opened higher and…

TSLA

Tesla

$302.26

-45.18 (-13.00%)

WMT

Walmart

$97.75

1.01 (1.04%)

CVS

CVS Health

$65.49

2.13 (3.36%)

NFLX

Netflix

$339.20

-14.02 (-3.97%)

FB

Facebook

$150.01

1.77 (1.19%)

AAPL

Apple

$156.85

0.99 (0.64%)

QCOM

Qualcomm

$55.26

0.44 (0.80%)

FND

Floor & Decor

$31.99

2.34 (7.89%)

OZK

Bank OZK

$32.07

4.47 (16.20%)

VFC

VF Corp.

$82.39

9.135 (12.47%)

NLS

Nautilus

$7.00

-4.76 (-40.48%)

CASA

Casa Systems

$11.23

-3.17 (-22.01%)

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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  • 18

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SNE

Sony

$50.08

0.58 (1.17%)

16:12
01/18/19
01/18
16:12
01/18/19
16:12
Periodicals
Sony Music ends working relationship with R. Kelly, Variety reports »

Sony Music has opted to…

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PLD

Prologis

$64.58

0.53 (0.83%)

16:12
01/18/19
01/18
16:12
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16:12
Hot Stocks
Prologis, Ivanhoe Cambridge form $880M joint venture in Brazil »

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  • 22

    Jan

CYDY

CytoDyn

$0.00

(0.00%)

16:10
01/18/19
01/18
16:10
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16:10
Conference/Events
CytoDyn participates in lunch meeting with Philadelphia Securities »

Luncheon Meeting with…

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WHF

WhiteHorse Finance

$13.58

-0.105 (-0.77%)

16:09
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Hot Stocks
WhiteHorse Finance, STRS Ohio form JV to invest in debt facilities »

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CB

Chubb

$133.43

0.6 (0.45%)

16:07
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01/18
16:07
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16:07
Hot Stocks
Chubb sees Q4 net catastrophe loss approximately $585M pre-tax, $505M after tax »

Chubb announced net…

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  • 06

    Feb

ESEA

Euroseas

$0.80

-0.0332 (-3.98%)

16:07
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01/18
16:07
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16:07
Hot Stocks
Euroseas receives Nasdaq notice of non-compliance »

Euroseas Ltd. announced…

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MRK

Merck

$75.68

0.08 (0.11%)

, SSNLF

Samsung

$0.00

(0.00%)

16:04
01/18/19
01/18
16:04
01/18/19
16:04
Hot Stocks
FDA approves Samsung Bioepis-Merck biosimilar to Roche's Herceptrin »

The FDA announced that it…

MRK

Merck

$75.68

0.08 (0.11%)

SSNLF

Samsung

$0.00

(0.00%)

RHHBY

Roche

$0.00

(0.00%)

03/08/13
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03/06/13
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03/06/13
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  • 18

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    Apr

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NKE

Nike

$80.35

1.23 (1.55%)

15:40
01/18/19
01/18
15:40
01/18/19
15:40
Options
Nike calls lead puts more than 4:1 as shares extend gains »

Nike calls lead puts more…

03/08/13
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ANIX

Anixa Biosciences

$4.20

-0.05 (-1.18%)

15:37
01/18/19
01/18
15:37
01/18/19
15:37
Conference/Events
Anixa Biosciences to hold a conference call »

Conference call to…

03/08/13
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  • 24

    Jan

15:25
01/18/19
01/18
15:25
01/18/19
15:25
General news
SF Fed president Daly advocated a pause »

SF Fed president Daly…

ESTA

Establishment Labs

$26.40

-0.51 (-1.90%)

15:22
01/18/19
01/18
15:22
01/18/19
15:22
Hot Stocks
RTW Investments reports 5.13% passive stake in Establishment Labs »

In a regulatory filing,…

03/08/13
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ATEN

A10 Networks

$6.63

0.205 (3.19%)

15:20
01/18/19
01/18
15:20
01/18/19
15:20
Options
A10 Networks attracts put sellers as shares extend gains »

A10 Networks attracts put…

03/08/13
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  • 07

    Feb

EQT

EQT Corporation

$21.09

0.135 (0.64%)

15:18
01/18/19
01/18
15:18
01/18/19
15:18
Conference/Events
EQT Corporation to hold a conference call »

Conference call to…

03/08/13
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  • 22

    Jan

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