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JPM

JPMorgan

$100.96

-1.42 (-1.39%)

13:19
02/08/19
02/08
13:19
02/08/19
13:19

JPMorgan downgraded to Market Perform from Outperform at Daiwa

  • 26

    Feb

JPM JPMorgan
$100.96

-1.42 (-1.39%)

02/01/19
02/01/19
DOWNGRADE

Sell
Societe Generale downgrades Goldman Sachs, Morgan Stanley to Sell
As previously reported, Societe Generale analyst Andrew Lim downgraded Goldman Sachs (GS) and Morgan Stanley (MS), both to Sell from Hold, citing his view that the credit cycle deterioration "has already been set in motion" and that it will pay to be defensive for the rest of 2019. Goldman and Morgan are much more exposed to pressure on market-sensitive revenues as purer investment banks, Lim tells investors. He does not have any Buy ratings on big U.S. banks, but continues to favor holding positions in Bank of America (BAC) and JP Morgan (JPM), which Lim views as the most defensive large cap U.S. banks, he tells investors.
01/16/19
BMOC
01/16/19
NO CHANGE
Target $123
BMOC
Market Perform
JPMorgan price target lowered to $123 at BMO Capital on credit-driven Q4 miss
BMO Capital analyst James Fotheringham nudges his price target on JPMorgan down to $123 from $124 and kept his Market Perform rating on the shares after the bank posted a fees/credit-driven earnings miss in Q4. The analyst notes that the price decline in bank stocks was "value restoring" for the sector and still sees a " relatively benign system-wide fundamental credit quality over the next two years". Fotheringham adds that better values in financials exist elsewhere, with JPMorgan trading at two-year forward multiples that are "only slightly below its long-term historical average".
01/08/19
01/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Unilever (UN, UL) downgraded to Neutral from Buy at UBS. 2. General Dynamics (GD) downgraded to Hold from Buy at Jefferies with analyst Sheila Kahyaoglu saying despite a portfolio of "marquee assets," the company's earnings "lack momentum." 3. Principal Financial (PFG) downgraded to Neutral from Buy at Goldman Sachs with analyst Alex Scott saying he sees less upside in the shares relative to other names in his life insurance coverage universe. 4. JPMorgan (JPM), SunTrust (STI), and U.S. Bancorp (USB) were downgraded to Hold from Buy at Jefferies. 5. Maxar Technologies (MAXR) downgraded to Underperform from Neutral at Credit Suisse, to Sell at Veritas, to Market Perform from Outperform at BMO Capital, and to Sector Perform at National Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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).

TODAY'S FREE FLY STORIES

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General news
FX Action: USD-JPY »

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NVO

Novo Nordisk

$47.76

-0.65 (-1.34%)

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ALEC

Alector

$18.92

0.02 (0.11%)

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  • 09

    Sep

KMB

Kimberly-Clark

$136.61

2.21 (1.64%)

10:03
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  • 23

    Jul

REGN

Regeneron

$297.28

0.59 (0.20%)

10:02
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Regeneron's pozelimab granted FDA orphan designation »

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CBRL

Cracker Barrel

$168.95

-0.03 (-0.02%)

10:01
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LCI

Lannett

$7.65

-0.78 (-9.25%)

10:00
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TRPX

Therapix Biosciences

$2.32

(0.00%)

10:00
07/23/19
07/23
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10:00
Hot Stocks
Breaking Hot Stocks news story on Therapix Biosciences »

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CCO

Clear Channel Outdoor

$3.70

-0.485 (-11.59%)

10:00
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Clear Channel Outdoor falls -11.9% »

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  • 23

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VXX

iPath S&P 500 VIX Short-Term Futures

$22.60

-0.34 (-1.48%)

10:00
07/23/19
07/23
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Options
Put buyer in VXX looking for implied vols to continue sliding lower »

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JE

Just Energy

$3.75

-0.63 (-14.38%)

10:00
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Just Energy falls -14.4% »

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AN

AutoNation

$46.49

4.48 (10.66%)

10:00
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AutoNation rises 10.8% »

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  • 23

    Jul

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HZN

Horizon Global

$4.97

0.48 (10.69%)

10:00
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Horizon Global rises 10.5% »

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RLGY

Realogy

$5.90

0.73 (14.12%)

10:00
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Realogy rises 13.6% »

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  • 08

    Aug

LAKE

Lakeland Industries

$9.95

(0.00%)

09:59
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Lakeland Industries appoints Allen Dillard as CFO »

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KMB

Kimberly-Clark

$136.82

2.42 (1.80%)

09:59
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Kimberly-Clark sees $500M-$550M in pre-tax cost savings by end of 2021 »

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  • 23

    Jul

KPTI

Karyopharm

$9.01

0.69 (8.29%)

09:55
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Options
Karyopharm put volume heavy and directionally bearish »

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AN

AutoNation

$46.03

4.02 (9.57%)

, DLPH

Delphi Technologies

$18.40

0.89 (5.08%)

09:55
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Options
Early notable gainers among liquid option names on July 23rd »

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AN

AutoNation

$46.03

4.02 (9.57%)

DLPH

Delphi Technologies

$18.40

0.89 (5.08%)

SWK

Stanley Black & Decker

$148.45

7 (4.95%)

HAS

Hasbro

$117.00

8.46 (7.79%)

SHW

Sherwin-Williams

$474.81

20.19 (4.44%)

03/08/13
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09:55
07/23/19
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Conference/Events
Senate Banking, Housing & Urban Affairs Committee to hold a hearing »

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LCI

Lannett

$7.82

-0.61 (-7.24%)

09:47
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Hot Stocks
Lannett falls -5.1% »

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NL

NL Industries

$4.80

(0.00%)

09:47
07/23/19
07/23
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09:47
Hot Stocks
NL Industries falls -6.6% »

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JE

Just Energy

$3.94

-0.44 (-10.05%)

09:47
07/23/19
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09:47
Hot Stocks
Just Energy falls -11.4% »

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PII

Polaris Industries

$87.80

5.265 (6.38%)

09:47
07/23/19
07/23
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09:47
Hot Stocks
Polaris Industries rises 6.4% »

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  • 23

    Jul

EDU

New Oriental Education

$104.82

6.585 (6.70%)

09:47
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Hot Stocks
New Oriental Education rises 6.4% »

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  • 23

    Jul

RLGY

Realogy

$6.61

1.44 (27.85%)

09:47
07/23/19
07/23
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09:47
Hot Stocks
Realogy rises 28.2% »

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  • 08

    Aug

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