Breaking News Instant updates and real-time market news.

SYF

Synchrony

$33.22

0.06 (0.18%)

, WMT

Walmart

$103.13

0.33 (0.32%)

08:54
04/18/19
04/18
08:54
04/18/19
08:54

Synchrony says NIM will run around 15.75%-16% for the year

Says reserve related to Walmart (WMT) portfolio being moved to HFS was $522M, or $395M after-tax, an EPS benefit of 56c. Says renewed and expanded key relationships. Says expanding network to create broader acceptance. Says expanding CareCredit product offering through acquisition of Pets Best and entry into pet insurance as managing general agent. Says digital sales penetration for retail card consumers is growing. Says continues to generate organic growth. Says investing in innovative digital technology. Says retail card growth driven by PayPal Credit (PYPL) program acquisition. Says Payment Solutions growth led by home furnishings and luxury. Says CareCredit growth led by dental and veterinary. Says expense growth rate will continue to be impacted by PayPal credit program. Says margin was in line with expectations. Says believes net interest margin will run around 15.75%-16% range for the rest of the year, with some fluctuation around Walmart reserve transaction. Expects net charge-offs to be 20-30bps higher in Q2. Expects FY19 net charge-offs to be in 5.7-5.9% range. Says continues to see good opportunities for continued growth.Says has begun to execute on cost actions ahead of Walmart sale. Says committed to maintaining a strong balance sheet. Expects to continue to drive growth in direct deposit program. Says continues to expect to grow deposits in line with receivables growth. Says 2019 capital plan does include capital deployment through dividends and share repurchases. Comments taken from Q1 earnings conference call.

SYF

Synchrony

$33.22

0.06 (0.18%)

WMT

Walmart

$103.13

0.33 (0.32%)

PYPL

PayPal

$108.80

0.6 (0.55%)

  • 18

    Apr

  • 24

    Apr

  • 06

    May

  • 09

    May

  • 14

    May

  • 16

    May

  • 29

    May

  • 11

    Jun

  • 13

    Nov

SYF Synchrony
$33.22

0.06 (0.18%)

02/14/19
GSCO
02/14/19
UPGRADE
Target $38
GSCO
Buy
Synchrony upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Ryan Nash upgraded Synchrony Financial to Buy and raised his price target for the shares to $38 from $36. With shares trading at a discount to peers due to credit-related concerns, the current valuation is "compelling," Nash tells investors in a research note. Synchrony shares should outperform now that the contract renewal overhangs have been largely removed post the renewals of four of its five largest partners to 2024 and beyond, the analyst contends. Further, he believes Synchrony's credit normalization has largely subsided with flat underlying losses in 2019 and upside to 2020 consensus losses. In addition, a "robust" capital return program could drive $5B of repurchases over the next six quarters, says Nash.
04/02/19
RHCO
04/02/19
NO CHANGE
Target $210
RHCO
Buy
Alliance Data price target raised to $210 from $190 at SunTrust
SunTrust analyst Andrew Jeffrey reiterated a Buy rating on Alliance Data (ADS) and raised his price target to $210 from $190, telling investors in a research note that he believes Alliance deserves at least the 10% implied pf PE premium to Synchrony (SYF), its closest competitor, as it becomes more a pure-play, value-added, data-driven card services provider. He also likes Alliance's improving customer mix and its effort to divest non-core businesses.
03/07/19
LSCM
03/07/19
NO CHANGE
Target $46
LSCM
Buy
Trupanion 12% selloff on Synchrony deal an overreaction, says Lake Street
Lake Street analyst Mark Argento views the 12% selloff yesterday in shares of Trupanion (TRUP) on Synchrony Financial's (SYF) acquisition of Pets Best insurance as an overreaction. Pets Best insurance is a pet health insurance product company underwritten by Trupanion's insurance subsidiary, American Pet Insurance Company, Argento tells investors in a research note. The analyst understands the "knee jerk reaction" to the stock trading off as there is a risk that Synchrony could move underwriting of Pets Best's 125,000 pet policies away from Trupanion. Further, Pets Best with Synchrony is now a more formidable competitor to Trupanion, he adds. However, it is important to note Synchrony is not an insurance company and will likely need to maintain or grow its underwriting relationship with Trupanion, Argento writes. He believes Synchrony's motivation for the acquisition is to cross-sell its CareCredit consumer credit products to Pets Best's 125,000 policyholders and vice versa. This is a consumer credit play for Synchrony and not a foray into the insurance business "from what we can tell at this juncture," says the analyst. Argento keeps a Buy rating on Trupanion with a $46 price target.
02/14/19
02/14/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) double upgraded to Outperform from Underperform at Macquarie with analyst David Hewitt saying with a "world class" Guyana play, multiple liquefied natural gas developments, the Permian "juggernaut" and growth in the integrated downstream, Exxon is "well positioned for the future, and is not being overly distracted by the energy transition debate." 2. Synchrony (SYF) upgraded to Buy from Neutral at Goldman Sachs with analyst Ryan Nash saying with shares trading at a discount to peers due to credit-related concerns, the current valuation is "compelling." 3. Teva (TEVA) upgraded to Outperform from Market Perform at Raymond James. 4. Elevate Credit (ELVT) upgraded to Buy from Neutral at BTIG with analyst Mark Palmer saying he views the shares as "simply too inexpensive" at current levels. 5. NetApp (NTAP) upgraded to Buy from Hold at Cross Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WMT Walmart
$103.13

0.33 (0.32%)

04/02/19
DBAB
04/02/19
UPGRADE
Target $15
DBAB
Buy
Deutsche Bank upgrades Hostess Brands to Buy, boosts price target to $15
Deutsche Bank analyst Rob Dickerson upgraded Hostess Brands (TWNK) to Buy from Hold and raised his price target for the shares to $15 from $12. Management execution, a turnaround to profitability in the Chicago bakery and improved pricing could return Hostess to "top-tier revenue growth" this year, Dickerson tells investors in a research note. He believes the lapping of the Walmart (WMT) merchandising issues in Q2 and better pricing offsetting higher freight costs and wage inflation should boost the company's results.
04/08/19
PIPR
04/08/19
NO CHANGE
Target $2070
PIPR
Overweight
Piper teen survey shows Amazon Prime adoption 'once again' increased
Piper Jaffray's survey of 8,000 U.S. teens showed improved Amazon mindshare, 50% versus 47% in the fall 2018 survey, and that Prime adoption, "once again," increased, analyst Michael Olson tells investors in a research note. 76% of respondents indicated their family had a Prime membership versus 74% in the fall 2018 survey, says the analyst. This indicates the number of U.S. Prime households would be in the 85M range and growing, albeit at a decelerating rate, adds Olson. He believes this "massive scale is crucial, as it makes it very difficult for competitors, such as Wal-Mart, to change consumer habits." The analyst reiterates an Overweight rating on Amazon.com with a $2,070 price target.
04/01/19
SBSH
04/01/19
UPGRADE
Target $18
SBSH
Neutral
Bed Bath & Beyond upgraded to Neutral from Sell at Citi
Citi analyst Geoff Small upgraded Bed Bath & Beyond (BBBY) to Neutral from Sell and raised his price target for the shares to $18 from $10 after taking over coverage of the name. Citi transferred coverage of Broadlines & Hardlines Retail names to Small. The analyst assumed coverage with Buy ratings on AutoZone (AZO), BJ's Wholesale (BJ), Home Depot (HD), Lowe's (LOW), O'Reilly Automotive (ORLY) and Walmart (WMT). The U.S. consumer remains on "solid footing" amid low unemployment, rising wages, declining gas prices, manageable levels of debt, and elevated consumer confidence, Small tells investors in a research note. However, he points out that we are in the ninth year of the current economic expansion and "the possibility of a macroeconomic slowdown cannot be ignored." The analyst prefers retailers operating in "defensive sectors that are less susceptible to disruption by online competitors," namely auto parts, broadlines and home improvement retail. Small also assumed Advance Auto Parts (AAP), Best Buy (BBY), Costco (COST) and Office Depot (ODP) with Neutral ratings.
04/02/19
JEFF
04/02/19
NO CHANGE
Target $76
JEFF
Buy
Green Dot pullback brings good buying opportunity, says Jefferies
Jefferies analyst John Hecht believes the pullback in shares of Green Dot (GDOT) represents a good opportunity to buy the stock. Green Dot trades 25% below its three year average multiple amid "overdone" concerns around the Walmart (WMT) renewal and fears about slowing revenue and account growth, Hecht tells investors in a research note. The analyst says that while the WalMart MoneyCard private label program renewal represents an overhang, he expects Green Dot to keep the program. He considered a scenario with increased commissions for the MoneyCard, and still only sees a "modest" potential impact on earnings. Hecht lowered his price target for Green Dot to $76 from $100 and keeps a Buy rating on the shares.
PYPL PayPal
$108.80

0.6 (0.55%)

04/17/19
UBSW
04/17/19
DOWNGRADE
Target $120
UBSW
Neutral
PayPal downgraded to Neutral from Buy at UBS
UBS analyst Eric Wasserstrom downgraded PayPal Holdings to Neutral from Buy while raising his price target for the shares to $120 from $101. The stock closed yesterday up 6c to $108.20. The analyst's analysis of PayPal's core operations indicates "limited beat-and-raise potential" over the next two years. Further, his "bull scenario" for Venmo monetization would only add 2% to his current 2020 earnings estimates. While Venmo maintains a leading competitive position in people-to-people payments, this competitive position will translate into "limited" revenue and net income contribution over the next two years, Wasserstrom tells investors in a research note. In addition, the analyst sees limited valuation upside in shares of PayPal at current levels.
04/17/19
LEHM
04/17/19
NO CHANGE
Target $125
LEHM
Overweight
PayPal price target raised to $125 from $117 at Barclays
Barclays analyst Ramsey El-Assal raised his price target for PayPal to $125 from $117 and reiterates an Overweight rating on the shares after on analysis on the company's global digital marketplaces opportunity. The global digital marketplace opportunity remains one of PayPal's most compelling, El-Assal tells investors in a research note. The a analyst says that even if China's largest marketplaces and Amazon (AMZN) are excluded, he sees a sizable opportunity for PayPal at other global platforms. For example, the 2021 total addressable volume of ex-China and ex-Amazon marketplaces not currently served by PayPal is around $413B, contends the analyst. El-Assal believes the company's opportunity outside the U.S. is "substantial."
04/17/19
MSCO
04/17/19
NO CHANGE
Target $113
MSCO
Overweight
PayPal maintains acceptance lead among retailers, says Morgan Stanley
Morgan Stanley analyst James Faucette said his analysis shows that PayPal now has acceptance at 76% of the top 500 U.S. internet retailers and that on a volume-weighted basis excluding Amazon (AMZN) the company's acceptance penetration was 79% in Q1. He believes this acceptance lead vs. other digital wallets is underappreciated by investors as a key indicator of future payment volume growth and should enable PayPal to grow at or above the rate of e-commerce ex-Amazon. Faucette raised his price target on PayPal shares to $113 from $103 and keeps an Overweight rating on the shares.
04/17/19
04/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PayPal (PYPL) downgraded to Neutral from Buy at UBS with analyst Eric Wasserstrom saying his analysis of PayPal's core operations indicates "limited beat-and-raise potential" over the next two years. 2. GasLog Partners (GLOP) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Fotis Giannakoulis saying he believes the partnership's ability to accretively fund new dropdowns has become increasingly more challenging. 3. Bank of America (BAC) downgraded to Hold from Buy at Jefferies with analyst Kenneth Usdin saying he does not see enough upside to warrant a Buy rating. 4. Comerica (CMA) downgraded to Outperform from Strong Buy at Raymond James and to Hold from Buy at Jefferies. 5. Skyworks (SWKS) downgraded to Neutral from Outperform at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

OXM

Oxford Industries

$74.92

-1.04 (-1.37%)

15:34
12/11/19
12/11
15:34
12/11/19
15:34
Options
Oxford Industries options imply 10.4% move in share price post-earnings »

Pre-earnings options…

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

  • 11

    Dec

GDX

VanEck Vectors Gold Miners ETF

$27.74

0.62 (2.29%)

15:30
12/11/19
12/11
15:30
12/11/19
15:30
Options
Gold bull lays out $2.4M for 100-day upside vertical »

Gold bull lays out $2.4M…

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

RIO

Rio Tinto

$57.10

1.03 (1.84%)

15:29
12/11/19
12/11
15:29
12/11/19
15:29
Downgrade
Rio Tinto rating change  »

Rio Tinto downgraded 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

15:20
12/11/19
12/11
15:20
12/11/19
15:20
General news
Powell: monetary policy isn't the right tool to react to near term volatility »

Powell: monetary policy…

NDSN

Nordson

$167.16

1.41 (0.85%)

15:19
12/11/19
12/11
15:19
12/11/19
15:19
Options
Nordson options imply 7.0% move in share price post-earnings »

Pre-earnings options…

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

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
12/11/19
12/11
15:17
12/11/19
15:17
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%)

15:16
12/11/19
12/11
15:16
12/11/19
15:16
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

SPY

SPDR S&P 500 ETF Trust

$314.59

1.04 (0.33%)

, SPX

S&P 500

$0.00

(0.00%)

15:11
12/11/19
12/11
15:11
12/11/19
15:11
General news
Fed Chair says committee did not discuss impeachment proceedings »

Asked during his FOMC…

SPY

SPDR S&P 500 ETF Trust

$314.59

1.04 (0.33%)

SPX

S&P 500

$0.00

(0.00%)

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

15:05
12/11/19
12/11
15:05
12/11/19
15:05
General news
Powell believes passage of USMCA does remove some uncertainties »

Powell believes passage…

15:05
12/11/19
12/11
15:05
12/11/19
15:05
General news
Powell is pretty dovish on inflation »

Powell is pretty dovish…

15:05
12/11/19
12/11
15:05
12/11/19
15:05
General news
FX Action: USD-CAD »

FX Action: USD-CAD fell…

FTNW

FTE Networks

$1.37

-0.31 (-18.45%)

15:04
12/11/19
12/11
15:04
12/11/19
15:04
Hot Stocks
Breaking Hot Stocks news story on FTE Networks »

FTE Networks Inc trading…

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

TLRD

Tailored Brands

$4.96

-0.31 (-5.88%)

15:04
12/11/19
12/11
15:04
12/11/19
15:04
Options
Tailored Brands options imply 26.3% move in share price post-earnings »

Pre-earnings options…

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

  • 11

    Dec

MGI

MoneyGram

$2.29

0.15 (7.01%)

15:02
12/11/19
12/11
15:02
12/11/19
15:02
Hot Stocks
MoneyGram extends partnership agreement with CVS for three years »

MoneyGram (MGI) announced…

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

NFLX

Netflix

$297.59

4.38 (1.49%)

, FOX

Fox Corp.

$35.40

0.47 (1.35%)

15:01
12/11/19
12/11
15:01
12/11/19
15:01
Periodicals
Judge prohibits Netflix from recruiting Fox executives, WSJ reports »

California judge Marc D.…

NFLX

Netflix

$297.59

4.38 (1.49%)

FOX

Fox Corp.

$35.40

0.47 (1.35%)

FOXA

Fox Corp.

$36.27

0.465 (1.30%)

DIS

Disney

$147.43

1.31 (0.90%)

NWS

News Corp

$13.61

0.15 (1.11%)

NWSA

News Corp.

$13.40

0.19 (1.44%)

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

    Dec

  • 13

    Dec

15:00
12/11/19
12/11
15:00
12/11/19
15:00
General news
Powell thinks year-end funding pressures in the repo market remain manageable »

Powell thinks year-end…

15:00
12/11/19
12/11
15:00
12/11/19
15:00
General news
Powell believes that empirically there is still a relationship between unemployment and inflation »

Powell believes that…

14:55
12/11/19
12/11
14:55
12/11/19
14:55
General news
FX Action: USD-JPY »

FX Action: USD-JPY was…

SPY

SPDR S&P 500 ETF Trust

$314.16

0.61 (0.19%)

, SPX

S&P 500

$0.00

(0.00%)

14:51
12/11/19
12/11
14:51
12/11/19
14:51
General news
Fed Chair says would need to see persistent move up in inflation to hike rates »

Fed Chairman Jerome…

SPY

SPDR S&P 500 ETF Trust

$314.16

0.61 (0.19%)

SPX

S&P 500

$0.00

(0.00%)

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

14:50
12/11/19
12/11
14:50
12/11/19
14:50
General news
Powell said there are conceptual similarities between 1995 and 1998 »

Powell said there are…

14:49
12/11/19
12/11
14:49
12/11/19
14:49
Conference/Events
Wolfe Research tech strategist to hold analyst/industry webcast »

Tech Strategist…

LULU

Lululemon

$233.70

4.14 (1.80%)

14:49
12/11/19
12/11
14:49
12/11/19
14:49
Options
Lululemon options imply 11.8% move in share price post-earnings »

Pre-earnings options…

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

  • 11

    Dec

XLRN

Acceleron

$49.59

-0.9 (-1.78%)

14:47
12/11/19
12/11
14:47
12/11/19
14:47
Recommendations
Acceleron analyst commentary  »

Piper Jaffray sees strong…

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

  • 04

    Apr

EVH

Evolent Health

$8.12

-0.87 (-9.68%)

14:45
12/11/19
12/11
14:45
12/11/19
14:45
Options
Evolent Health 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

HZNP

Horizon Pharma

$32.08

0.13 (0.41%)

14:45
12/11/19
12/11
14:45
12/11/19
14:45
Recommendations
Horizon Pharma analyst commentary  »

Stifel confident 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

  • 13

    Dec

  • 08

    Mar

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.