2019-02-14 06:29:15BABA   - $169.44
0.69 (0.41%) , MGI - $2.26
-0.09 (-3.83%) 06:2902/14/19 02/1406:29 02/14/1906:29 | Ant Financial to acquire UK-based currency exchange WorldFirst, Reuters reportsAnt Financial, an affiliate of Alibaba (BABA), has agreed to purchase UK-based currency exchange WorldFirst, a move which comes after the company's plan to acquire MoneyGram (MGI) was blocked by U.S. regulators over national security concerns, Reuters' Josh Horwitz and Brenda Goh report, citing a spokeswoman and a WorldFirst client letter. WorldFirst CEO Jonathan Quin in the letter that the company "will continue to operate as a UK-headquartered and regulated business with global operations" while becoming a wholly-owned division of Ant Financial. Reference Link BABA - $169.44
0.69 (0.41%) MGI - $2.26
-0.09 (-3.83%) | |
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- $169.44
0.69 (0.41%) - 01/30/19
- JPMS
01/30/19
NO CHANGEJPMS
Overweight JPMorgan more positive on Alibaba earnings growth outlook JPMorgan analyst Alex Yao says he's turning more positive on Alibaba's earnings growth outlook following this morning's fiscal Q3 results. The analyst sees the company's advertising revenue growing to 32% year-over-year in the March quarter driven by traffic, engagement and search algorithm optimization. The acceleration of "highly profitable" ads revenue should lead to faster earnings growth, Yao tells investors in a post-earnings research note. He recommends investors own Alibaba given the resilience of its core commerce growth outlook. - 01/31/19
- OPCO
01/31/19
NO CHANGETarget $195
OPCO
Outperform Alibaba price target raised to $195 from $185 at Oppenheimer Oppenheimer analyst Jason Helfstein raised his price target for Alibaba to $195 from $185 on strong Q3 core commerce results. The analyst reiterates an Outperform rating on the shares. - 01/31/19
- RHCO
01/31/19
NO CHANGETarget $200
RHCO
Buy Alibaba price target raised to $200 from $180 at SunTrust SunTrust analyst Youssef Squali raised his price target on Alibaba to $200 and kept his Buy rating after its Q3 earnings beat, saying the company has executed in spite of the "increasingly challenging macro economic/political backdrop". The analyst adds that Alibaba's secular growth drivers of rising China consumption, healthy household balance sheets, and retail digitization remain intact, even though he is a bit more cautious about the macro uncertainty, regulatory tightening, and the management's "decision to postpone monetization of new recommendation feed ". - 01/31/19
- KEYB
01/31/19
NO CHANGETarget $210
KEYB
Overweight Alibaba price target raised to $210 from $200 at KeyBanc KeyBanc analyst Hans Chung raised his price target for Alibaba to $210 from $200 saying that despite slowing in the macroeconomy, the company delivered better results in its Chinese retail marketplace. The impact of transitioning to recommendation feeds appeared better than feared and he believes the transition has increased engagement and transaction conversion and will likely yield incremental growth opportunity in future when the company begins to monetize feed traffic. The analyst reiterates an Overweight rating on the shares. - $2.26
-0.09 (-3.83%) - 04/03/18
- WBLR
Walmart, MoneyGram new service adds mote uncertainty to Euronet story, says William Blair William Blair analyst Christopher Shutler notes that Walmart (WMT) and MoneyGram (MGI) announced a new service called "Walmart2World," which allows customers at U.S. Walmart locations to send money to any MoneyGram location in 200 countries. The analyst views this as a re-branding of an existing service, but with new pricing and in some cases maybe faster transfer times. While Shutler is not sure if Euronet (EEFT) formally bid on this business, the biggest issue he sees for the latter's stock is that this agreement shows a willingness on MoneyGram's part to play ball with Walmart on white-labeled products. The news arguably adds a little more uncertainty to the Euronet story, he contends. - 11/09/18
- EVER
11/09/18
DOWNGRADEEVER
Underperform MoneyGram downgraded to Underperform from In Line at Evercore ISI - 11/14/18
- LEHM
11/14/18
INITIATIONTarget $2
LEHM
Underweight MoneyGram initiated with an Underweight at Barclays Barclays analyst Ramsey El-Assal initiated MoneyGram with an Underweight and $2 price target. - 11/14/18
- LEHM
11/14/18
INITIATIONLEHM
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." |