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MAN

ManpowerGroup

$80.83

-5.02 (-5.85%)

, SABR

Sabre

$21.02

-0.62 (-2.87%)

12:51
03/23/19
03/23
12:51
03/23/19
12:51

Sabre, j2 Global among mid-cap stocks with sustainable dividends, Barron's says

When it comes to dividend, large-cap stocks get a lot of the attention but investors might be missing out, Lawrence Strauss writes in this week's edition of Barron's. Sabre (SABR), ManpowerGroup (MAN), Webster Financial (WBS), National Instruments (NATI) and j2 Global (JCOM) are mid-cap companies that have yields of at least 2% and that grew their free cash flow in 2018 from the previous year, the publication notes. Reference Link

MAN

ManpowerGroup

$80.83

-5.02 (-5.85%)

SABR

Sabre

$21.02

-0.62 (-2.87%)

WBS

Webster Financial

$48.90

-3.03 (-5.83%)

NATI

National Instruments

$44.16

-1.28 (-2.82%)

JCOM

j2 Global

$84.63

-1.95 (-2.25%)

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MAN ManpowerGroup
$80.83

-5.02 (-5.85%)

02/01/19
BMOC
02/01/19
DOWNGRADE
Target $81
BMOC
Market Perform
Manpower downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Jeffrey Silber downgraded Manpower to Market Perform and lowered his price target to $81 from $83. The analyst notes that despite yesterday's rally in shares, it may take longer than anticipated to turn around the company's European business. Silber adds that the management does get some credit for its cost reduction efforts, but believes that "there is only so much cost management one can do."
02/01/19
BMOC
02/01/19
DOWNGRADE
BMOC
Market Perform
Manpower downgraded to Market Perform from Outperform at BMO Capital
10/23/18
BOFA
10/23/18
INITIATION
Target $82
BOFA
Neutral
Manpower reinstated with a Neutral at BofA/Merrill
BofA/Merrill analyst Gary Bisbee reinstated coverage on Manpower with a Neutral and $82 price target telling investors risk/reward is balanced.
11/19/18
LEHM
11/19/18
DOWNGRADE
Target $58
LEHM
Underweight
Barclays double downgrades Robert Half to Underweight with $58 target
Barclays analyst Manav Patnaik double downgraded Robert Half International (RHI) to Underweight from Overweight and lowered his price target for the shares to $58 from $72. The analyst says that recession or not, he's more cautious about the outlook further out in 2019 for Business Services "as we enter into the late stage of the business cycle." While the U.S. might still be better off than Europe, in both cases growth is more likely to slow versus accelerate, which makes positioning for both Robert Half and Manpower (MAN) "very hard," Patnaik tells investors in a research note. He now has Underweight ratings on both names.
SABR Sabre
$21.02

-0.62 (-2.87%)

02/14/19
BERN
02/14/19
DOWNGRADE
BERN
Market Perform
Sabre downgraded to Market Perform from Outperform at Bernstein
01/14/19
BREN
01/14/19
INITIATION
Target $18
BREN
Sell
Sabre initiated with a Sell at Berenberg
Berenberg analyst Georgios Kertsos initiated Sabre (SABR) with a Sell rating and $18 price target, stating that he expects the trend of deteriorating margins to persist and to limit DPS growth. He notes the IT Solutions division's "persistent underperformance" relative to Amadeus (AMADY) and is concerned that the recent trend of growth at the expense of profitability in Sabre's travel network division is unsustainable, Kertsos tells investors.
01/04/19
BOFA
01/04/19
DOWNGRADE
BOFA
Neutral
Sabre downgraded to Neutral from Buy at BofA/Merrill
12/13/18
12/13/18
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. Coca-Cola (KO) assumed with a Neutral from Buy at UBS with analyst Sean King saying he sees "moving parts" but says this is "not a new Coke." 2. FireEye (FEYE) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Melissa Franchi citing the stock's recent relative outperformance with the shares up 20% in the past three months versus the average software name being down 9%. 3. Sabre (SABR) downgraded to Hold from Buy at Deutsche Bank with analyst Ashish Sabadra saying he expects the company's global distribution system growth to moderate in 2019. 4. Weatherford (WFT) downgraded to Underperform from Market Perform at Raymond James with analyst J. Marshall Adkins saying he expects Weatherford's upcoming maturity "wall" to push into restructuring and result in an extreme cost to the company's restructured interest payments. 5. Argo Group (ARGO) downgraded to Market Perform from Outperform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WBS Webster Financial
$48.90

-3.03 (-5.83%)

09/18/18
09/18/18
DOWNGRADE

Equal Weight
Morgan Stanley downgrades BankUnited to Equal Weight on midcap bank concerns
As previously reported, Morgan Stanley analyst Ken Zerbe downgraded BankUnited to Equal Weight from Overweight, stating that recent commentary from other midcap banks has been incrementally more negative. Five midcap banks - Associated Banc-Corp (ASB), Comerica (CMA), KeyCorp (KEY), M&T Bank (MTB) and Webster Financial (WBS) - have recently guided for loan growth below expectations and several others flagged headwinds to growth, Zerbe tells investors. The primary headwind is weaker CRE loan growth as non-bank lenders remain highly aggressive with both price and terms, the analyst added. BankUnited's CRE portfolio, at 43% of total loans versus peers at 27%, could be at greater risk of runoff, said Zerbe. He also reduced his expectations at 21 of 28 midcap banks he covers and cut his EPS estimates for 18 of those 28 banks.
10/03/18
LEHM
10/03/18
UPGRADE
Target $69
LEHM
Overweight
Webster Financial upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Matthew Keating upgraded Webster Financial to Overweight while lowering his price target for the shares to $69 from $70.
10/03/18
LEHM
10/03/18
UPGRADE
Target $19
LEHM
Overweight
Barclays upgrades Fulton Financial, Webster Financial to Overweight
Barclays analyst Matthew Keating double upgraded Fulton Financial (FULT) to Overweight from Underweight and raised his price target for the shares to $19 from $18. The company is poised to exceed consensus earnings expectations in the second half of 2018 on greater than expected net interest margin expansion, controlled expenses, and a resumption of share repurchase activity, Keating tells investors in a research note. The analyst also upgraded Webster Financial (WBS) to Overweight from Equal Weight while lowering his price target for the shares to $69 from $70. He expects deposit growth at HSA Bank, the company's health savings account administration business, to "positively surprise." Webster investors not only gain exposure to a strengthening domestic economy, but also the defensive characteristics of the healthcare space, Keating contends.
12/10/18
SDLR
12/10/18
UPGRADE
Target $63
SDLR
Buy
Webster Financial upgraded to Buy from Hold at Sandler O'Neill
Sandler O'Neill analyst Mark Fitzgibbon upgraded Webster Financial to Buy from Hold, citing his view that the recent pullback in the stock seems overdone. The company fundamentals are strong, its HSA business gives Webster a "tremendous funding advantage relative to other banks," and the company is right-sized to continue taking market share, Fitzgibbon tells investors. He has a $63 price target on Webster Financial shares.
NATI National Instruments
$44.16

-1.28 (-2.82%)

10/26/18
DBAB
10/26/18
UPGRADE
Target $50
DBAB
Buy
National Instruments upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Vijay Bhagavath upgraded National Instruments to Buy and raised his price target for the shares to $50 from $45. The analyst sees improving fundamentals following last night's Q3 results.
04/02/18
BARD
04/02/18
DOWNGRADE
Target $50
BARD
Neutral
National Instruments downgraded to Neutral at Baird
As reported previously, Baird analyst Richard Eastman downgraded National Instruments to Neutral from Outperform. The analyst cited current valuation and the expectations future valuations will more closely mirror the market until visibility on 2020 earnings emerges. Eastman has a $50 price target on National Instruments shares.
10/22/18
STFL
10/22/18
INITIATION
Target $48
STFL
Hold
National Instruments resumed with a Hold at Stifel
Stifel analyst John Marchetti resumed coverage of National Instruments with a Hold rating and $48 price target. The analyst wants to see additional evidence of increased sales traction in new markets and the "conversion of recent strong order growth into revenue" to turn more constructive on the shares.
04/02/18
04/02/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrade with this list compiled by The Fly: 1. Fitbit (FIT) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Yuuji Anderson saying new smartwatches will be outweighed by declines in legacy products, while software opportunities in health coaching "will take time to ramp." 2. Energizer (ENR) downgraded to Hold from Buy at Deutsche Bank with analyst Faiza Alwy saying the risk/reward is balanced with the shares up 24% since the "surprise" announcement that the battery deal with Spectrum Brands (SPB) will not be challenged by the Federal Trade Commission. 3. National Instruments (NATI) downgraded to Neutral from Outperform at Baird with analyst Richard Eastman citing current valuation and the expectations future valuations will more closely mirror the market until visibility on 2020 earnings emerges. 4. BofI Holding (BOFI) downgraded to Outperform from Strong Buy at Raymond James. 5. RSP Permian (RSPP) was downgraded to Hold from Buy at KLR Group and to Market Perform from Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
JCOM j2 Global
$84.63

-1.95 (-2.25%)

08/13/18
BARD
08/13/18
NO CHANGE
Target $92
BARD
Outperform
j2 Global weakness a buying opportunity, says Baird
Baird analyst William Power remains a buyer of j2 Global following its recent weakness. Power said while the display advertising market could continue to face challenges, he believes the growth areas within digital media, including its growing subscription business and accelerating fax trends, should help boost overall growth. Power reiterated his Outperform rating and lowered his price target to $92 from $95 on j2 Global shares.
10/18/18
WEDB
10/18/18
INITIATION
WEDB
Outperform
j2 Global initiated with an Outperform at Wedbush
10/19/18
WEDB
10/19/18
INITIATION
Target $95
WEDB
Outperform
j2 Global initiated with an Outperform at Wedbush
Wedbush analyst Daniel Ives initiated j2 Global with an Outperform rating and $95 price target, telling investors in a research note that he believes the company remains a "misunderstood story" by the Street as the company is still painted by many investors as a legacy fax player, serial M&A machine, and has low growth prospects/high margins that have largely played out over the past few years with headwinds ahead.
12/20/18
WBLR
12/20/18
NO CHANGE
WBLR
Outperform
William Blair sees room for j2 Global to grow organically
After hosting investor meetings with management, William Blair analyst Jim Breen sees room for j2 Global to grow organically while admitting the majority of its growth will continue to come from acquisitions. The analyst views j2 as a "defensive stock with highly visible free cash flow and a stable dividend." He reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

AAPL

Apple

$205.28

-1.82 (-0.88%)

09:39
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HIBB

Hibbett Sports

$20.53

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$105.09

1 (0.96%)

09:37
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Hibbett Sports names Christine Skold as Interim CFO, effective April 26 »

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$20.53

0.13 (0.64%)

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Tractor Supply

$105.09

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SBUX

Starbucks

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0.65 (0.85%)

09:37
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Starbucks CEO says competitor discounts in China not sustainable »

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Visa

$161.03

-0.47 (-0.29%)

09:36
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Visa analyst commentary at BMO Capital »

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WNS

WNS Holdings

$56.71

0.26 (0.46%)

09:36
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ANTM

Anthem

$256.01

5 (1.99%)

, CVS

CVS Health

$53.24

0.31 (0.59%)

09:34
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09:34
Recommendations
Anthem, CVS Health analyst commentary at Cleveland Research »

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ANTM

Anthem

$256.01

5 (1.99%)

CVS

CVS Health

$53.24

0.31 (0.59%)

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RL

Ralph Lauren

$129.74

-2.31 (-1.75%)

09:34
04/26/19
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SFLY

Shutterfly

$42.30

-0.65 (-1.51%)

09:32
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HTBK

Heritage Commerce

09:32
04/26/19
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09:32
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Heritage Commerce rating change  »

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SIVB

SVB Financial

$247.10

-1.84 (-0.74%)

09:32
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SVB Financial rating change  »

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MAS

Masco

$37.50

-2.48 (-6.20%)

09:32
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Masco rating change  »

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FLGT

Fulgent Genetics

$7.23

-0.02 (-0.28%)

09:31
04/26/19
04/26
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09:31
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Fulgent Genetics rating change at Credit Suisse »

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PRO

Pros Holdings

$45.06

-0.25 (-0.55%)

09:30
04/26/19
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09:30
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CLS

Celestica

$7.29

-1.315 (-15.28%)

09:28
04/26/19
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09:28
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Celestica rating change at Canaccord »

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SHW

Sherwin-Williams

$451.24

-6.61 (-1.44%)

09:27
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Sherwin-Williams management to meet with UBS »

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CARO

Carolina Financial

$36.08

-0.83 (-2.25%)

09:26
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Carolina Financial rating change  »

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ARGO

Argo Group

$74.21

-0.245 (-0.33%)

09:26
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Argo Group rating change at William Blair »

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POWI

Power Integrations

$78.11

-1.93 (-2.41%)

09:25
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Power Integrations analyst commentary at Loop Capital »

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HPE

HP Enterprise

$16.00

-0.27 (-1.66%)

09:25
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09:25
Conference/Events
HP Enterprise management to meet with UBS »

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09:25
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General news
Today's U.S. GDP report »

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HFWA

Heritage Financial

$30.77

-0.6 (-1.91%)

09:23
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09:23
Downgrade
Heritage Financial rating change at Sandler ONeill »

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TAL

TAL Education

$36.22

1.81 (5.26%)

09:22
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09:22
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09:20
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Fed funds futures are in rally mode »

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INTC

Intel

$57.59

-1.13 (-1.92%)

, AMD

AMD

$27.66

-0.8 (-2.81%)

09:19
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INTC

Intel

$57.59

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AMD

AMD

$27.66

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NVDA

Nvidia

$186.84

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STX

Seagate

$46.09

-0.9 (-1.92%)

WDC

Western Digital

$52.95

-1.03 (-1.91%)

MU

Micron

$42.76

-0.27 (-0.63%)

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SK

Slack Technologies

$0.00

(0.00%)

09:19
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09:19
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Slack Technologies files direct listing on NYSE under symbol 'SK' »

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