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SQ

Square

$74.65

0.12 (0.16%)

09:49
03/26/19
03/26
09:49
03/26/19
09:49

Opposition to Square ILC license has increased, says Morgan Stanley

Morgan Stanley analysts Betsy Graseck, Ken Zerbe and Michael Cyprys said following meetings in D.C. that their talks made it clear that opposition to Square's industrial loan company, or ILC, application has increased and approval may prove more difficult than they'd thought a year ago. This is due at least in part to some smaller community banks having "regained their voice of opposition" and finding some "sympathetic ears" at the Federal Reserve. Belief in Square's ability to improve financial inclusion will be the key to an eventual approval, they added.

SQ Square
$74.65

0.12 (0.16%)

02/28/19
KEYB
02/28/19
NO CHANGE
Target $100
KEYB
Overweight
Square price target lowered to $100 from $115 at KeyBanc
KeyBanc analyst Josh Beck lowered his price target for Square to $100 from $115 on lower EBITDA estimates, yet strong unit economics. The analyst notes that Square beat Q4 buoyed by subscription/services growth, and with Square Cash MAUs doubling to 15M. The pace of innovation remains "impressive," including the launch of Square Card, and the addition of benefits to payroll, he contends. Beck reiterates an Overweight rating on the shares.
02/28/19
JEFF
02/28/19
NO CHANGE
Target $73
JEFF
Hold
Square price target raised to $73 from $64 at Jefferies
Jefferies analyst John Hecht raised his price target for Square to $73 saying the company reported "strong" Q4 results. The analyst updated his model to account for guidance and recent trends. He keeps a Hold rating on the shares.
03/05/19
NOMU
03/05/19
NO CHANGE
Target $105
NOMU
Buy
Downloads of Square's Cash App accelerating, says Nomura Instinet
Nomura Instinet analyst Dan Dolev lowered his price target for Square (SQ) to $105 from $110 while keeping a Buy rating on the shares. The analyst's Cash App versus PayPal's (PYPL) Venmo payments app tracker points to a "healthy pace" of downloads in February with 2.1M additional downloads, and year-over-year download growth accelerating for the second consecutive month to 37%. With 15M active users in December, the number of active Cash App users has more than doubled year-over-year, resulting in a slight improvement to the ratio of active versus total downloads, Dolev tells investors in a research note.
03/19/19
SBSH
03/19/19
NO CHANGE
SBSH
Global Payments and TSYS rise on Citi's preferred Payments list
Citi analyst Ashwin Shirvaikar made changes to his stock rankings in the Payments, Processors & IT Services space following FIS' (FIS) acquisition of Worldpay (WP). Global Payments (GPN) and TSYS (TSS) rise towards the top of the analyst's list. Both are "solid" stand-alone ideas but investors should also discuss whether M&A makes sense for either or both names, Shirvaikar tells investors in a research note. The other change made by the analyst was to swap in Square (SQ) to his highest tranche, or "Elite Eight," instead of FleetCor (FLT).

TODAY'S FREE FLY STORIES

REGN

Regeneron

$304.81

-4.69 (-1.52%)

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BYND

Beyond Meat

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CLX

Clorox

$147.06

-1.63 (-1.10%)

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BMY

Bristol-Myers

$46.84

-0.28 (-0.59%)

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GOOS

Canada Goose

$48.34

-1.53 (-3.07%)

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SPN

Superior Energy

$2.49

-0.24 (-8.79%)

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MTSC

MTS Systems

$56.33

-0.13 (-0.23%)

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AKTS

Akoustis

$7.39

-0.62 (-7.74%)

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Akoustis announces shipments, production order for 3.8GHz filters »

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  • 28

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AZN

AstraZeneca

$37.80

0.02 (0.05%)

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DE

Deere

$134.82

-11.15 (-7.64%)

07:15
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  • 17

    Jul

PDCE

PDC Energy

$36.67

-0.55 (-1.48%)

07:13
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PDC Energy CEO sends letter to shareholders, encourages white proxy card vote »

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  • 22

    May

HEI

Heico

07:11
05/20/19
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Heico analyst commentary  »

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MU

Micron

$36.06

-1.37 (-3.66%)

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  • 23

    May

CLI

Mack-Cali Realty

$22.92

-0.12 (-0.52%)

07:10
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Mack-Cali Realty recommends stockholders vote the WHITE proxy card »

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  • 04

    Jun

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Oil prices down from highs over USD 63 »

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ZAYO

Zayo Group

$32.70

-0.09 (-0.27%)

07:10
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Zayo Group rating change  »

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  • 04

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TSLA

Tesla

$211.02

-17.56 (-7.68%)

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  • 11

    Jun

ALNY

Alnylam

$67.48

-1.52 (-2.20%)

, MDCO

The Medicines Co.

$33.01

-0.19 (-0.57%)

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ALNY

Alnylam

$67.48

-1.52 (-2.20%)

MDCO

The Medicines Co.

$33.01

-0.19 (-0.57%)

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SPTN

SpartanNash

$14.94

-0.27 (-1.78%)

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Earnings
SpartanNash reaffirms FY19 adjusted EPS view $1.20-$1.50, consensus $1.69 »

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CGEN

Compugen

$3.45

0.01 (0.29%)

, BMY

Bristol-Myers

$46.84

-0.28 (-0.59%)

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CGEN

Compugen

$3.45

0.01 (0.29%)

BMY

Bristol-Myers

$46.84

-0.28 (-0.59%)

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TRK

Speedway Motorsports

$18.14

-0.035 (-0.19%)

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Speedway Motorsports retains advisor to consider going private proposal »

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XLNX

Xilinx

$104.76

-2.98 (-2.77%)

07:05
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07:05
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NTEC

Intec Pharma

$5.29

-0.07 (-1.31%)

07:05
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Intec Pharma granted European patent »

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07:05
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Tech sector weighs on global stock markets »

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