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MA

MasterCard

$240.25

0.94 (0.39%)

, CURO

Curo Group

$11.00

(0.00%)

14:22
04/16/19
04/16
14:22
04/16/19
14:22

MasterCard wading into buy-now, pay-later trend with Vyze deal

MasterCard (MA) announced on Tuesday that it has acquired privately-held Vyze, which allows merchants to offer financing from various lenders both online and at the point of sale. Commenting on the deal, Stephens analyst Vincent Caintic told investors he views the Vyze acquisition as a potential positive for Curo Group (CURO) and Rent-A-Center (RCII), whose services are part of the Vyze network. MASTERCARD ACQUIRES VYZE: MasterCard announced earlier that it acquired Vyze, which connects consumers with lenders to finance purchases in installments. Vyze allows merchants to offer their customers a wide range of credit options online and in-store, providing shoppers with additional payment flexibility at the exact moment of purchase, the company said. Terms of the agreement were not disclosed. DEAL MAY BE POSITIVE FOR CURO, RENT-A-CENTER: Following the news, Stephens' Caintic said he believes MasterCard's acquisition of Vyze is a potential positive for Curo Group and Rent-A-Center, whose "Zibby" and AcceptanceNow are part of the Vyze network. Further, he argued that the tie-in with MasterCard may provide more loan and lease application flow to both Zibby and AcceptanceNow. For Alliance Data (ADS), his views are mixed. While the analyst expects MasterCard's relationship to result in more application flow to Vyze partners, this may take away from flow to Alliance Data's cards and lessens the importance of the private label platform. Further, Caintic noted that he is "somewhat disappointed" to find that Adorama and Build.com, both Alliance Data's private label partners, are also on Vyze. This takes away from the growth potential to Alliance Data from these two retailers, he added. PRICE ACTION: In afternoon trading, shares of MasterCard are fractionally up to $240.18.

MA

MasterCard

$240.25

0.94 (0.39%)

CURO

Curo Group

$11.00

(0.00%)

RCII

Rent-A-Center

$20.19

-0.3 (-1.46%)

ADS

Alliance Data

$163.40

-0.59 (-0.36%)

  • 16

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    Nov

MA MasterCard
$240.25

0.94 (0.39%)

04/16/19
SPHN
04/16/19
NO CHANGE
SPHN
MasterCard deal for Vyze may be positive for Curo, Rent-A-Center, says Stephens
Stephens analyst Vincent Caintic said Mastercard's (MA) acquisition of Vyze, which provides a platform that links retailers with lenders, is a potential positive for Curo Group (CURO) and Rent-A-Center (RCII), whose "Zibby" and AcceptanceNow are part of the Vyze network. The tie-in with Mastercard may provide more loan and lease application flow to both Zibby and AcceptanceNow, said the analyst. Caintic views the news as more mixed for Alliance Data (ADS), stating that he expects Mastercard's relationship to result in more application flow to Vyze partners, but this may take away from flow to Alliance's cards and lessens the importance of the private label platform.
04/15/19
PIPR
04/15/19
NO CHANGE
PIPR
Piper says FinTech secular drives 'remain strong' into Q1 results
While absolute and relative valuations in FinTech are back near the all-time highs, the Federal Reserve "has moved from a headwind last Fall to a Neutral factor for economic growth and equity valuations," Piper Jaffray analyst Jason Deleeuw tells investors in a research note. Also, the ongoing secular drivers for FinTech "remain strong" as global payments and business ecosystems digitize, says the analyst. He remains constructive on FinTech names heading into Q1 earnings and also tells investors to look at some mortgage/real estate services stocks. Deleeuw's top ideas are Black Knight (BKI), Redfin (RDFN), Euronet (EEFT) and Cannae Holdings (CNNE). He also boosted his price target for Overweight-rated Euronet to $171 from $159, for Overweight-rated Global Payments (GPN) to $163 from $152, for Overweight-rated MasterCard (MA) to $272 from $262, for Neutral-rated PayPal (PYPL) to $104 from $97, for Overweight-rated Visa (V) to $191 from $178 and for Neutral-rated Worldpay (WP) to $115 from $101.
04/11/19
WELS
04/11/19
NO CHANGE
Target $270
WELS
Outperform
MasterCard price target raised to $270 from $238 at Wells Fargo
Wells Fargo analyst Donald Fandetti raised his price target for MasterCard to $270 from $238 ahead of quarterly results as he believes his covered card companies will show slightly improving consumer trends this quarter. The analyst reiterates an Outperform rating on the shares.
04/11/19
NOMU
04/11/19
NO CHANGE
Target $175
NOMU
Buy
Visa price target raised to $175 from $151 at Nomura Instinet
Nomura Instinet analyst Bill Carcache raised his price target for Visa (V) to $175 from $151 ahead of the company's Q1 results. Visa does not deserve to trade at a "2.5 turn discount" to MasterCard (MA) when it is generating revenue growth that is on par, Carcache tells investors in a research note. While Visa "is certainly less emphatic" about its long-term growth prospects, its growth potential isn't "meaningfully different" and its valuation multiple should "grind its way closer" to MasterCard's over time, says the analyst. He keeps a Buy rating on both stocks.
CURO Curo Group
$11.00

(0.00%)

06/21/18
SPHN
06/21/18
NO CHANGE
Target $34
SPHN
Overweight
Curo Group named 2018 Best Idea at Stephens
Stephens analyst Vincent Caintic increased his 2019 and 2020 EPS estimates for Curo based on his expectations for its partnership with MetaBank to offer line-of-credit products. He increased his price target on Curo shares to $34 from $27 and named it his 2018 Best Idea. Caintic maintains an Overweight rating on the shares.
09/25/18
SPHN
09/25/18
NO CHANGE
Target $38
SPHN
Overweight
Curo Group price target raised to $38 after debt refinancing at Stephens
Stephens analyst Vincent Caintic said he views Curo Group's recent debt refinancing as "both a defensive and offensive play," noting that the funding should fulfill its growth needs for the foreseeable future and it was done ahead of the midterm elections and rising rates. Noting that the refinancing is 33c accretive to ongoing annual EPS, the analyst raised his price target on Curo shares to $38 from $34 and reiterated the stock as his TopPick with an Overweight rating.
12/27/18
12/27/18
NO CHANGE

Stephens to keep GrubHub, RealPage, Vulcan Materials on 2019 Best Ideas list
Stephens said that it plans to publish a complete updated 2019 Best Ideas list on January 2, but in anticipation it shared the names that are being dropped and the three stocks that will remain on the list. The holdovers are GrubHub (GRUB), RealPage (RP) and Vulcan Materials (VMC). The stocks being removed include Boston Scientific (BSX), Brookdale Senior Living (BKD), Conn's (CONN), CoStar Group (CSGP), Curo Group (CURO), FedEx (FDX), First Financial Bancorp (FFBC), Graphic Packaging (GPK), Hub Group (HUBG), Keane Group (FRAC), KeyCorp (KEY), LKQ Corp. (LKQ), Myriad Genetics (MYGN), SVB Financial (SIVB), Triumph Bancorp (TBK), TrueCar (TRUE) and Union Bankshares (UBSH).
RCII Rent-A-Center
$20.19

-0.3 (-1.46%)

03/15/19
RAJA
03/15/19
UPGRADE
Target $25
RAJA
Outperform
Rent-A-Center upgraded to Outperform at Raymond James
As previously reported, Raymond James upgraded Rent-A-Center to Outperform from Market Perform and established a $25 price target. Analyst Budd Bugatch cites the trial win regarding the terminated buyout with Vintage Capital and a strong fundamental outlook for the upgrade.
03/15/19
03/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Amazon.com (AMZN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying Amazon is taking a number of operational moves to improve profitability in core retail, which could drive mid-term earnings above current consensus estimates. 2. AT&T (T) upgraded to Outperform from Market Perform at Raymond James with analyst Frank Louthan saying AT&T shares trade at a relative discount and expects shares to be driven by positive earnings growth combined with a strong de-levering story. 3. Colfax (CFX) upgraded to Equal Weight from Underweight at Barclays with analyst Julian Mitchell saying he views the company's turnaround story as underappreciated. 4. Rent-A-Center (RCII) upgraded to Outperform from Market Perform at Raymond James with analyst Budd Bugatch citing the trial win regarding the terminated buyout with Vintage Capital and a strong fundamental outlook for the upgrade. 5. Global Net Lease (GNL) upgraded to Buy from Neutral at B. Riley FBR with analyst Bryan Maher citing the stock's attractive relative valuation as well as management's acquisition "acumen" for the upgrade to Buy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/18/19
JEFF
03/18/19
NO CHANGE
Target $22
JEFF
Buy
Jefferies boosts Rent-A-Center target to $22 after Delaware court ruling
Jefferies analyst Kyle Joseph raised his price target for Rent-A-Center to $22 from $19.50 citing the court ruling removes a legal overhang. The analyst reconsidered Rent-A-Center's valuation following the Delaware Court's ruling that the company validly terminated its merger with Vintage. This eliminates the possibility of Rent-A-Center being taken out at $15, Joseph tells investors in a research note. He believes stand-alone fundamentals justify his new price target but keeps a Hold rating on the name.
ADS Alliance Data
$163.40

-0.59 (-0.36%)

04/15/19
04/15/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CVS Health (CVS) downgraded to Perform from Outperform at Oppenheimer with analyst Michael Wiederhorn saying he views it as more of a long-term opportunity given the potential timeline to execute on its strategy and the near-term legacy business challenges. 2. Infosys (INFY) downgraded to Hold from Buy at Deutsche Bank and Investec, to Reduce from Neutral at Nomura Instinet, to Underperform from Neutral at Credit Suisse, to Equal Weight from Overweight at Morgan Stanley, and to Neutral from Buy at Citi and BofA/Merrill. 3. Celanese (CE) downgraded to Hold from Buy at Deutsche Bank with analyst David Begleiter saying the company's leadership transition creates uncertainty. 4. Alliance Data (ADS) downgraded to Underweight from Equal Weight at Stephens and to Market Perform from Outperform at BMO Capital. 5. Wells Fargo (WFC) downgraded to Neutral from Conviction Buy at Goldman Sachs, to In Line from Outperform at Evercore ISI, and to Neutral from Buy at BofA/Merrill and Buckingham. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/15/19
KEYB
04/15/19
NO CHANGE
KEYB
Sector Weight
Alliance Data sale of Epsilon could unlock shareholder value, says KeyBanc
KeyBanc analyst Josh Beck applauds strategic efforts at Alliance Data (ADS) and views the $4.4B sale of the Epsilon marketing business to Publicis (PUBGY) as an unlock of shareholder value provided the 10-times EBITDA multiple. However, the analyst believes the transition within the card business to re-orient towards verticals such as home, children, and beauty remains a work-in-progress. Beck expects in-line results and guidance ex-Epsilon and remains Sector Weight as he looks for better visibility into the evolution of the card business and credit trends.
04/15/19
WELS
04/15/19
NO CHANGE
Target $200
WELS
Outperform
Wells Fargo views Alliance Data sale of Epsilon to Publicis as positive
Wells Fargo analyst Timothy Willi notes that Alliance Data (ADS) announced an agreement to sell Epsilon to Publicis (PUBGY) for $4.4B in cash, in a deal that is expected to close in early Q3. The analyst ultimately views this development as a positive, given the accretive nature of the transaction and the stream-lining of Alliance Data's business, which will be better-received by investors. Willi expects further detail on the company's Q1 earnings call, and believes management may look to further refine the business through a sale of LoyaltyOne following the Epsilon sale. The analyst reiterates an Outperform rating and $200 price target on Alliance Data's shares.

TODAY'S FREE FLY STORIES

SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

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$0.00

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TKC

Turkcell

$5.49

-0.175 (-3.09%)

11:08
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FCCY

1st Constitution Bancorp

$18.07

-0.14 (-0.77%)

11:05
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QUMU

Qumu

$2.83

-0.035 (-1.22%)

11:03
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FAT

Fat Brands

$5.15

0.065 (1.28%)

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HRTG

Heritage Insurance

$14.32

0.25 (1.78%)

10:52
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COTY

Coty

$11.27

0.02 (0.18%)

10:48
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NTES

NetEase

$265.88

-2.34 (-0.87%)

10:45
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09:10
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General news
Today's U.S. housing report revealed March declines »

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General news
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NDEKY

Nitto Denko

$0.00

(0.00%)

06:53
04/19/19
04/19
06:53
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06:53
Downgrade
Nitto Denko rating change at Goldman Sachs »

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CURO

Curo Group

$10.96

0.16 (1.48%)

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

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AON

Aon plc

$175.38

-0.14 (-0.08%)

, MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

04:55
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04:55
Conference/Events
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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%)

03/08/13
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03/06/13
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03/06/13
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ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

21:07
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UBER

Uber

$0.00

(0.00%)

, TM

Toyota

$125.10

0.93 (0.75%)

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$0.00

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TM

Toyota

$125.10

0.93 (0.75%)

DNZOY

Denso

$0.00

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SFTBF

SoftBank

$0.00

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  • 05

    Jun

FIX

Comfort Systems USA

$57.58

0.06 (0.10%)

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  • 05

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NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

19:29
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Periodicals
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NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

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