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SC

Santander Consumer

$22.26

-0.15 (-0.67%)

, DFS

Discover

$75.82

-0.36 (-0.47%)

06:37
04/16/19
04/16
06:37
04/16/19
06:37

Santander Consumer upgraded to Neutral from Underweight at JPMorgan

JPMorgan analyst Richard Shane upgraded Santander Consumer (SC) to Neutral from Underweight and raised his price target for the shares to $23 from $20. The analyst remains constructive on the U.S. consumer into the second half of 2019 as he believes "strong" labor markets and wage growth "provide a stable foundation for credit." Santander Consumer is positioned to announce a "significant" return of capital heading into the Q1 reporting season, Shane tells investors in a research note. Discover Financial (DFS) is the analyst's best idea in the group over the next 12 to 18 months.

SC

Santander Consumer

$22.26

-0.15 (-0.67%)

DFS

Discover

$75.82

-0.36 (-0.47%)

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SC Santander Consumer
$22.26

-0.15 (-0.67%)

01/16/19
JPMS
01/16/19
DOWNGRADE
Target $20
JPMS
Underweight
JPMorgan downgrade Santander Consumer to Underweight on valuation
JPMorgan analyst Richard Shane downgraded Santander Consumer to Underweight from Neutral with an unchanged $20 price target. The analyst cites relative valuation for the downgrade as he believes the company's consumer finance peers offer stronger risk/reward profiles and more compelling upside to current levels.
01/16/19
JPMS
01/16/19
NO CHANGE
JPMS
JPMorgan resets ratings across Specialty Finance sector
The prospect of a prolonged government shutdown and global trade uncertainty threatens what has been "steady, reliable domestic growth," JPMorgan analyst Richard Shane tells investors in a research note on the Specialty Finance sector. Further, the analyst believes the outlook for Fed action has become more clouded. However, Shane thinks sentiment across his sector seems to reflect uncertainty, which gives him an "increasingly positive bias" to the group. He sees the most upside potential among consumer finance names, with late cycle uncertainty "potentially dampening" upside among commercial mortgage real estate investment trusts. Shane this morning upgraded a host of names: Navient (NAVI), OneMain Holdings (OMF) and KKR Real Estate Finance Trust (KREF) to Neutral from Underweight and TCG BDC (CGBD), Annaly Capital (NLY) and Apollo Commercial (ARI) to Overweight from Neutral. Today's downgrades are Santander Consumer (SC), BlackRock Capital Investment (BKCC), WhiteHorse Finance (WHF) to Underweight from Neutral along with PennantPark (PNNT) and Granite Point Mortgage (GPMT) to Neutral from Overweight.
02/01/19
BMOC
02/01/19
NO CHANGE
Target $390
BMOC
Market Perform
Credit Acceptance price target raised to $390 from $333 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Credit Acceptance (CACC) to $390 after its "broad-based" Q4 earnings beat and its higher expected loan balances. The analyst also keeps his Market Perform rating on the stock, reflecting the "negative impact of narrowing spreads, extended loan terms, and increasing purchase loans penetration." Fotheringham believes that Credit Acceptance trades at an "unwarranted premium" and recommends that investors buy its peer Santander Consumer (SC).
02/26/19
SDLR
02/26/19
UPGRADE
Target $33
SDLR
Buy
Sandler O'Neill upgrades Ally Financial to Buy, says valuation premium warranted
As previously reported, Sandler O'Neill analyst Christopher Donat upgraded Ally Financial (ALLY) to Buy from Hold, stating that he believe Ally's (ALLY) near-prime auto finance book is "meaningfully less risky" than Santander Consumer's (SC) book or the unsecured credit cards of Discover (DFS) and Capital One (COF), yet all four stocks trade at similar multiples. He thinks Ally deserves a slight premium to these specialty finance peers and raised his price target on Ally shares to $33 from $29 while maintaining his 2019 and 2020 EPS estimates.
DFS Discover
$75.82

-0.36 (-0.47%)

01/25/19
BMOC
01/25/19
NO CHANGE
Target $85
BMOC
Market Perform
Discover price target lowered to $85 from $95 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on Discover (DFS) to $85 and kept his Market Perform rating after its Q4 earnings miss driven by higher than expected costs. The analyst states that the company's peers such as Capital One (COF) and Synchrony (SYF) offer "much greater potential valuation", with Discover on the "wrong side of growth math" relative to those names. Fotheringham also warns about potential negative credit surprises as Discover is accelerating its loan growth despite a decelerating overall market.
02/26/19
02/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Exact Sciences (EXAS) upgraded to Buy from Neutral at Goldman Sachs by analyst Patrick Donnelly, who said the current momentum of the Cologuard commercial ramp provides "strong basis" for the company's premium valuation while the combination of positive Cologuard catalysts and new product roll-outs provide upside to current levels, even after the stock's 75% rally since the beginning of 2018. Exact Sciences is a "must-own growth stock" given the "clean runway forward that is largely in its control with potential for discovery value in the pipeline outside of Cologuard," the analyst said. 2. Siemens (SIEGY) upgraded to Overweight from Neutral at JPMorgan by analyst Andreas Willi, who sees a relative valuation opportunity after the stock's 27% underperformance over the past two years. He believes investor sentiment can improve "after a period where the story has drifted." 3. Kadmon (KDMN) upgraded to Buy from Neutral at Citi by analyst Robyn Karnauskas, who assigned a 50% probability to KD-025 in chronic graft versus host disease with an unadjusted ~$900M market opportunity. However, upside to the stock will depend on quality of the data likely, Karnauskas said. 4. EverQuote (EVER) upgraded to Buy following Q4 beat at BofA/Merrill by analyst Mat Schindler, who said user growth has re-accelerated, supporting evidence of a turnaround, and thinks estimates are conservative and views the risk/reward as attractive. 5. Ally Financial (ALLY) upgraded to Buy from Hold at Sandler O'Neill by analyst Christopher Donat, who said he believes Ally's near-prime auto finance book is "meaningfully less risky" than Santander Consumer's (SC) book or the unsecured credit cards of Discover (DFS) and Capital One (COF), yet all four stocks trade at similar multiples. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/06/19
MSCO
03/06/19
NO CHANGE
Target $91
MSCO
Overweight
Discover shares should be bought before April credit turn, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck recommended buying Discover shares despite the fact that the stock has outperformed year-to-date, as she expects continued outperformance as credit quality starts to improve seasonally beginning in April. Noting that credit trends have been coming in better year-over-year for the past five quarters, Graseck raised her forward 2020 EPS estimates by 2% and increased her price target on Discover shares to $91 from $89 while keeping an Overweight rating on the stock.

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CURO

Curo Group

$10.96

0.16 (1.48%)

04:55
04/19/19
04/19
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04:55
Conference/Events
Curo Group management to meet with Jefferies »

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General news
Breaking General news story  »

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Housing Starts Permits to be reported at 08:30 »

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Housing Starts to be reported at 08:30 »

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AON

Aon plc

$175.38

-0.14 (-0.08%)

, MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

04:55
04/19/19
04/19
04:55
04/19/19
04:55
Conference/Events
Willis Towers Watson »

Analyst Klauber holds a…

AON

Aon plc

$175.38

-0.14 (-0.08%)

MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

WLTW

Willis Towers Watson

$177.37

0.45 (0.25%)

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ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

21:07
04/18/19
04/18
21:07
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21:07
Recommendations
Intuitive Surgical analyst commentary at Piper Jaffray »

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UBER

Uber

$0.00

(0.00%)

, TM

Toyota

$125.10

0.93 (0.75%)

20:35
04/18/19
04/18
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20:35
Hot Stocks
Uber confirms investment from Toyota, DENSO and SoftBank Vision Fund »

Toyota Motor (TM), Denso…

UBER

Uber

$0.00

(0.00%)

TM

Toyota

$125.10

0.93 (0.75%)

DNZOY

Denso

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

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FIX

Comfort Systems USA

$57.58

0.06 (0.10%)

20:08
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Hot Stocks
Comfort Systems USA discloses ransomware attack virus »

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NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

19:29
04/18/19
04/18
19:29
04/18/19
19:29
Periodicals
Nissan to cut global output by 15% in FY19/20, Nikkei reports »

Nissan Motor (NSANY) will…

NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

(0.00%)

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FE

FirstEnergy

$40.51

0.28 (0.70%)

19:13
04/18/19
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Hot Stocks
FirstEnergy CEO 'pleased' FES submitted revised disclosure statement »

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  • 24

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TSLA

Tesla

$273.25

2.13 (0.79%)

19:03
04/18/19
04/18
19:03
04/18/19
19:03
Periodicals
Tesla CEO, SEC granted one more week to resolve tweet dispute, WSJ says »

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EXPO

Exponent

$56.39

0.23 (0.41%)

, AKRX

Akorn

$2.77

-0.16 (-5.46%)

18:57
04/18/19
04/18
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS:…

EXPO

Exponent

$56.39

0.23 (0.41%)

AKRX

Akorn

$2.77

-0.16 (-5.46%)

ZSAN

Zosano Pharma

$3.41

-0.11 (-3.13%)

FAST

Fastenal

$71.08

0.95 (1.35%)

APHA

Aphria

$7.65

-0.165 (-2.11%)

ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

PBCT

People's United

$17.12

-0.21 (-1.21%)

I

Intelsat

$19.48

0.235 (1.22%)

LLY

Eli Lilly

$115.20

-1.23 (-1.06%)

PFE

Pfizer

$39.37

-0.5 (-1.25%)

03/08/13
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FIVE

Five Below

$141.65

1.82 (1.30%)

18:44
04/18/19
04/18
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18:44
Hot Stocks
Five Below CEO: There is potential for 2,500+ stores in the U.S »

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LBRT

Liberty Oilfield Services

$16.60

-0.59 (-3.43%)

18:39
04/18/19
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Hot Stocks
Liberty Oilfield Services CFO sells 90,000 Class A common shares »

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VNO

Vornado

$67.02

0.77 (1.16%)

18:37
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Hot Stocks
Vornado sells 45% equity in flagship NYC assets to institutional investors »

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CHKP

Check Point

$120.01

-9.56 (-7.38%)

18:26
04/18/19
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18:26
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18:26
Recommendations
Check Point analyst commentary at Jefferies »

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  • 18

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CAG

Conagra Brands

$30.53

0.405 (1.34%)

18:11
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Hot Stocks
Conagra Brands director Gregor buys 10K shares of common stock »

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UNP

Union Pacific

$176.70

7.5 (4.43%)

17:52
04/18/19
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Periodicals
Union Pacific halts construction of $550M facility in Texas, WSJ reports »

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  • 18

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SO

Southern Company

$51.95

-0.22 (-0.42%)

17:47
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Hot Stocks
Southern Company to sell Nacogdoches Generating Facility for $460M »

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TSLA

Tesla

$273.25

2.13 (0.79%)

17:46
04/18/19
04/18
17:46
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17:46
Periodicals
Tesla CEO Musk, SEC ask for extension to settle tweet dispute, Reuters says »

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GLD

SPDR Gold Shares

$120.40

0.09 (0.07%)

17:44
04/18/19
04/18
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Hot Stocks
SPDR Gold Shares holdings fall to 751.68MT from 752.86MT »

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OSW

OneSpaWorld

$13.77

(0.00%)

17:37
04/18/19
04/18
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17:37
Syndicate
Breaking Syndicate news story on OneSpaWorld »

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

17:36
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Hot Stocks
Charles Schwab EVP Murtagh sells 23.2K shares of common stock »

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OSW

OneSpaWorld

$13.77

(0.00%)

17:36
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17:36
Syndicate
Breaking Syndicate news story on OneSpaWorld »

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SHLD

Sears

$0.00

(0.00%)

17:32
04/18/19
04/18
17:32
04/18/19
17:32
Hot Stocks
Sears delays filing 10-K form »

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