Breaking News Instant updates and real-time market news.

BANC

Banc of California

$15.83

-1.41 (-8.18%)

07:46
03/06/19
03/06
07:46
03/06/19
07:46

Banc of California downgraded to Neutral at DA Davidson after CEO change

As previously reported, DA Davidson analyst Gary Tenner downgraded Banc of California to Neutral from Buy and kept his $27 price target. The analyst says that yesterday's surprise CEO change announcement ended the market speculation about a potential sale of the company following its recently cancelled events, which he attributes to being the key driver of the gains in shares in recent weeks. Given the management change, expectations of a challenging deposit environment, and a 27% rise in the stock price from the lows, Tenner sees risk-reward on Banc of California as balanced.

BANC Banc of California
$15.83

-1.41 (-8.18%)

04/06/18
04/06/18
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. Incyte (INCY) downgraded to Neutral from Buy at Guggenheim and to Market Perform from Outperform at William Blair. 2. Ormat Technologies (ORA) downgraded to Perform from Outperform at Oppenheimer with analyst Noah Kaye citing valuation. 3. Sprague Resources (SRLP) downgraded to Underweight from Neutral at JPMorgan with analyst Andrew Burd citing the stock's year-to-date outperformance for the downgrade. 4. Banc of California (BANC) downgraded to Underperform from Neutral at BofA/Merrill with analyst Ebrahim Poonwala saying the company's new management team is working towards achieving its long-term strategic targets but is cautious on elevated execution risk given the balance sheet overhaul and lower quality deposit base. 5. Xilinx (XLNX) downgraded to Underweight from Neutral at JPMorgan with analyst Harlan Sur saying he believes multiple compression is likely with basestation deployment in China likely to decline in 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/30/18
FIGP
04/30/18
UPGRADE
FIGP
Market Perform
Banc of California upgraded to Market Perform on Friday at Fig Partners
03/06/19
PIPR
03/06/19
NO CHANGE
PIPR
Banc of California a sale candidate, just not today, says Piper Jaffray
Banc of California (BANC) will ultimately end up in the hands of someone else, just not today, Piper Jaffray analyst Matthew Clark tells investors in a research note. The analyst does not believe the hiring of Jared Wolff, with an M&A background at PacWest Bancorp (PACW), as CEO, and the involvement of long-time bank investor Rich Lashley on the board is coincidental. Clark says the "unexpected decision" by CEO Doug Bowers to resign and not see his three-year plan come to fruition reinforces his view. He likes the risk/reward on Banc of California shares and keeps an Overweight rating on the name with a $20 price target.
03/06/19
DADA
03/06/19
DOWNGRADE
DADA
Neutral
Banc of California downgraded to Neutral from Buy at DA Davidson

TODAY'S FREE FLY STORIES

BIDU

Baidu

$117.13

0.26 (0.22%)

12:41
06/19/19
06/19
12:41
06/19/19
12:41
Periodicals
Baidu says Apollo Lite framework achieves level 4 autonomy, VB reports »

According to VB's…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Jun

KR

Kroger

$23.62

-0.32 (-1.34%)

, DRI

Darden

$116.14

-1.8 (-1.53%)

12:35
06/19/19
06/19
12:35
06/19/19
12:35
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

KR

Kroger

$23.62

-0.32 (-1.34%)

DRI

Darden

$116.14

-1.8 (-1.53%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Jun

  • 20

    Jun

  • 25

    Jun

  • 27

    Jun

MDR

McDermott

$7.69

0.065 (0.85%)

12:35
06/19/19
06/19
12:35
06/19/19
12:35
Options
McDermott put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

12:35
06/19/19
06/19
12:35
06/19/19
12:35
General news
FOMC forecast preview: »

FOMC forecast preview:…

ORCL

Oracle

$52.80

-0.08 (-0.15%)

12:35
06/19/19
06/19
12:35
06/19/19
12:35
Earnings
Notable companies reporting after market close »

Notable companies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

GME

GameStop

$5.65

-0.08 (-1.40%)

, ATVI

Activision Blizzard

$45.02

-0.76 (-1.66%)

12:33
06/19/19
06/19
12:33
06/19/19
12:33
Hot Stocks
GameStop says new 'Call of Duty' most pre-ordered video game following E3 »

GameStop (GME) said that…

GME

GameStop

$5.65

-0.08 (-1.40%)

ATVI

Activision Blizzard

$45.02

-0.76 (-1.66%)

NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$109.38

-1.61 (-1.45%)

EA

Electronic Arts

$92.38

0.35 (0.38%)

MSFT

Microsoft

$134.54

-0.66 (-0.49%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Jun

  • 20

    Jun

  • 23

    Jun

  • 25

    Jun

  • 09

    Jul

  • 10

    Jul

  • 06

    Aug

  • 13

    Nov

INO

Inovio

$2.61

-0.02 (-0.76%)

12:25
06/19/19
06/19
12:25
06/19/19
12:25
Conference/Events
Inovio management to meet with Piper Jaffray »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jun

SHOP

Shopify

$316.25

11.94 (3.92%)

12:25
06/19/19
06/19
12:25
06/19/19
12:25
Conference/Events
Shopify to host investor day »

Investor day to be held…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 05

    Sep

EVBG

Everbridge

$89.89

1.36 (1.54%)

12:25
06/19/19
06/19
12:25
06/19/19
12:25
Conference/Events
Everbridge to host analyst & investor meeting »

Analyst & Investor…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

AAXN

Axon

$67.30

1.28 (1.94%)

12:24
06/19/19
06/19
12:24
06/19/19
12:24
Periodicals
Breaking Periodicals news story on Axon »

Axon tells Bloomberg…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Jun

IOVA

Iovance Biotherapeutics

$22.23

-0.15 (-0.67%)

12:23
06/19/19
06/19
12:23
06/19/19
12:23
Conference/Events
Iovance Biotherapeutics management to meet with Piper Jaffray »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 26

    Jun

FB

Facebook

$185.75

-2.71 (-1.44%)

, AMZN

Amazon.com

$1,900.94

-1.06 (-0.06%)

12:18
06/19/19
06/19
12:18
06/19/19
12:18
On The Fly
#SocialStocks: Facebook announces blockchain currency »

Welcome to…

FB

Facebook

$185.75

-2.71 (-1.44%)

AMZN

Amazon.com

$1,900.94

-1.06 (-0.06%)

GOOG

Alphabet

$1,097.93

-6.47 (-0.59%)

AAPL

Apple

$198.14

-0.38 (-0.19%)

TWTR

Twitter

$36.04

-0.6 (-1.64%)

SNAP

Snap

$14.60

-0.26 (-1.75%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 19

    Jun

  • 25

    Jun

  • 09

    Jul

  • 10

    Jul

  • 27

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
06/19/19
06/19
12:17
06/19/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
06/19/19
06/19
12:16
06/19/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

EEFT

Euronet

$159.30

2.33 (1.48%)

12:12
06/19/19
06/19
12:12
06/19/19
12:12
Conference/Events
Euronet management to meet with William Blair »

Group Luncheon Meeting to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jun

  • 26

    Jun

  • 26

    Jun

  • 14

    Nov

UBER

Uber

$45.39

1.51 (3.44%)

12:10
06/19/19
06/19
12:10
06/19/19
12:10
Options
June 28th put buyer active in Uber suggests caution after 10% surge »

June 28th put buyer…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MRK

Merck

$84.73

0.24 (0.28%)

12:06
06/19/19
06/19
12:06
06/19/19
12:06
Periodicals
Merck CFO, marketing chief among possible CEO successors, Bloomberg says »

Merck's CEO…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Jun

  • 20

    Jun

  • 24

    Jun

  • 16

    Jul

  • 30

    Jul

  • 06

    Aug

  • 16

    Sep

  • 20

    Sep

TME

Tencent Music

$15.00

-0.11 (-0.73%)

12:05
06/19/19
06/19
12:05
06/19/19
12:05
Options
Tencent call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FB

Facebook

$185.95

-2.51 (-1.33%)

, ADBE

Adobe

$290.29

13.49 (4.87%)

12:03
06/19/19
06/19
12:03
06/19/19
12:03
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks were little…

FB

Facebook

$185.95

-2.51 (-1.33%)

ADBE

Adobe

$290.29

13.49 (4.87%)

AXTA

Axalta Coating

$29.61

3.79 (14.68%)

JBL

Jabil

$29.95

2.625 (9.61%)

GPRE

Green Plains

$11.26

-1.22 (-9.78%)

ENR

Energizer

$39.33

-2.46 (-5.89%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 10

    Jul

CO

Global Cord Blood

$5.10

-0.67 (-11.61%)

12:00
06/19/19
06/19
12:00
06/19/19
12:00
Hot Stocks
Global Cord Blood falls -6.6% »

Global Cord Blood is down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

ZYME

Zymeworks

$18.69

-1.46 (-7.25%)

12:00
06/19/19
06/19
12:00
06/19/19
12:00
Hot Stocks
Zymeworks falls -7.7% »

Zymeworks is down -7.7%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 19

    Jun

  • 20

    Jun

MOGU

Mogu

$3.08

-0.26 (-7.78%)

12:00
06/19/19
06/19
12:00
06/19/19
12:00
Hot Stocks
Mogu falls -8.1% »

Mogu is down -8.1%, or…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PPDF

PPDAI Group

$4.41

0.38 (9.43%)

12:00
06/19/19
06/19
12:00
06/19/19
12:00
Hot Stocks
PPDAI Group rises 9.2% »

PPDAI Group is up 9.2%,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ERJ

Embraer

$19.35

-0.065 (-0.33%)

12:00
06/19/19
06/19
12:00
06/19/19
12:00
Hot Stocks
Embraer announces KLM intention for up to 35 E195-E2 jets »

Embraer announced, at the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

JBL

Jabil

$29.88

2.555 (9.35%)

12:00
06/19/19
06/19
12:00
06/19/19
12:00
Hot Stocks
Jabil rises 9.4% »

Jabil is up 9.4%, or…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.