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AEL

American Equity

$29.85

0.54 (1.84%)

, ATH

Athene Holding

$45.60

1.21 (2.73%)

08:15
04/30/19
04/30
08:15
04/30/19
08:15

American Equity downgraded to Hold on no-deal risk at Sandler O'Neill

As previously reported, Sandler O'Neill analyst John Barnidge downgraded American Equity (AEL) to Hold from Buy as he sees greater downside risk than upside potential for shares if the company provides any commentary with Q1 earnings that its process has ended with no sale about one year after the company first acknowledged market rumors of a transaction. In such a case, Barnidge thinks investors would look to the valuation multiples of Athene Holding (ATH) and FGL Holdings (FG) as proxies, he said.

AEL

American Equity

$29.85

0.54 (1.84%)

ATH

Athene Holding

$45.60

1.21 (2.73%)

FG

FGL Holdings

$8.54

0.07 (0.83%)

  • 02

    May

  • 07

    May

  • 08

    May

  • 11

    Jun

AEL American Equity
$29.85

0.54 (1.84%)

05/04/18
UBSW
05/04/18
UPGRADE
UBSW
Neutral
American Equity upgraded to Neutral from Sell at UBS
04/30/19
SDLR
04/30/19
DOWNGRADE
SDLR
Hold
American Equity downgraded to Hold from Buy at Sandler O'Neill
ATH Athene Holding
$45.60

1.21 (2.73%)

12/12/18
BMOC
12/12/18
NO CHANGE
Target $69
BMOC
Market Perform
Athene Holding price target raised to $69 from $65 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Athene Holding (ATH) to $69 and also raised his FY18 EPS view by 11c to $6.05 and FY19 view by 63c to $7.82. The analyst cites the company completing its $7.7B block reinsurance transaction with Lincoln Financial Group (LNC) - its second meaningful deal in two weeks - which he sees generating returns "near the low end" of the company's mid- to high-teens target return on deployed capital. Fotheringham also points to Athene Holdings' $250M buyback authorization, anticipating it to be 2%-3% accretive. The analyst maintains his Market Perform view on the shares, stating that while he is optimistic about its potential growth, he sees even better opportunities elsewhere in his coverage universe of large-cap banks, specialty lenders, and financial technology stocks.
02/28/19
02/28/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Fitbit (FIT) upgraded to Buy from Neutral at DA Davidson analyst Tom Forte citing Q4 results and outlook for Q1 and FY19. 2. Hain Celestial (HAIN) upgraded to Overweight from Neutral at JPMorgan with analyst Ken Goldman citing the company's "compelling" investor day, the analyst has increased confidence in Hain's ability to drive margin growth over the next few years. 3. Athene Holding (ATH) upgraded to Outperform from Market Perform at BMO Capital with analyst James Fotheringham saying the valuation multiple on the stock may have finally passed its trough at its current 5.5-times two-year forward earnings multiple and believes that its core business should be valued at 6.4-times. 4. Wabco (WBC) upgraded to Neutral from Underweight at JPMorgan and to Hold from Sell at Vertical Research. 5. Globus Medical (GMED) upgraded to Buy from Neutral at UBS with analyst Matthew Taylor saying the company has delivered several quarters in a row of improving spine growth, which confirms robot placements are leading to implant pull-through. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/13/19
BMOC
02/13/19
NO CHANGE
Target $48
BMOC
Outperform
OneMain Holdings price target raised to $48 from $43 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on OneMain Holdings (OMF) to $48 and kept his Outperform rating after its Q4 earnings beat. The analyst says the results were driven by reduced costs and sees higher potential funding and capital synergies with Athene Holdings (ATH) that could "prove meaningfully accretive" to its earnings and value going forward. Fotheringham sees OneMain Holdings as one of his two top event-driven investment ideas.
02/27/19
BMOC
02/27/19
UPGRADE
Target $62
BMOC
Outperform
Athene Holding upgraded to Outperform from Market Perform at BMO Capital
BMO Capital analyst James Fotheringham upgraded Athene Holding on valuation but also lowered his price target to $62 from $69. The analyst contends that the valuation multiple on the stock may have finally passed its trough at its current 5.5-times two-year forward earnings multiple and believes that its core business should be valued at 6.4-times. Fotheringham also cites Athene Holdings' strong track record of growth-by-acquisition, assigning it with forward excess capital value in his model.
FG FGL Holdings
$8.54

0.07 (0.83%)

07/17/18
RBCM
07/17/18
INITIATION
Target $10
RBCM
Outperform
FGL Holdings initiated with an Outperform at RBC Capital
RBC Capital analyst Kenneth Lee initiated FGL Holdings with an Outperform rating and a price target of $10. The analyst notes that the company is in a transition period after CF Corp's acquisition of the F&G Life assets late last year, but with the help of The Blackstone Group, it can reposition its portfolio as well as expand its distribution and product offerings. Lee believes the transition process offers investors an "attractive opportunity".
08/21/18
GSCO
08/21/18
INITIATION
Target $10.5
GSCO
Neutral
FGL Holdings initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Alex Scott initiated FGL Holdings with a Neutral and $10.50 price target. The analyst cites a relatively narrow product offering and distribution capability, high concentration of risky asset categories versus peers, and high asset leverage that limits excess capital available for transactions for his Neutral rating.
12/07/18
SBSH
12/07/18
INITIATION
Target $8.5
SBSH
Neutral
FGL Holdings initiated with a Neutral at Citi
Citi started FGL Holdings with a Neutral rating and $8.50 price target.
12/07/18
SBSH
12/07/18
INITIATION
Target $8.5
SBSH
Neutral
FGL Holdings initiated with a Neutral at Citi
Citi analyst Daniel Bergman started FGL Holdings with a Neutral rating and $8.50 price target. The analyst finds the stocks' risk/reward fairly balanced at current share levels.

TODAY'S FREE FLY STORIES

GLPG

Galapagos

$169.98

24.31 (16.69%)

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Gilead

$68.00

1.75 (2.64%)

14:56
07/15/19
07/15
14:56
07/15/19
14:56
Downgrade
Galapagos, Gilead rating change  »

Galapagos downgraded to…

GLPG

Galapagos

$169.98

24.31 (16.69%)

GILD

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$68.00

1.75 (2.64%)

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JPM

JPMorgan

$114.02

-1.3 (-1.13%)

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Johnson & Johnson

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0.6 (0.45%)

14:53
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Earnings
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JNJ

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0.6 (0.45%)

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GS

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PLD

Prologis

$80.11

0.08 (0.10%)

FRC

First Republic

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DPZ

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FHN

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JBHT

J.B. Hunt

$92.62

-0.33 (-0.36%)

14:52
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JBHT

J.B. Hunt

$92.62

-0.33 (-0.36%)

14:49
07/15/19
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14:49
Options
J B Hunt Transport Services options imply 7.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

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AGRX

Agile Therapeutics

$1.30

0.01 (0.78%)

14:48
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Recommendations
Agile Therapeutics analyst commentary at Oppenheimer »

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TSM

TSMC

$41.82

0.575 (1.39%)

14:45
07/15/19
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14:45
Options
Taiwan Semi call volume above normal and directionally bullish »

Bullish option flow…

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  • 18

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ALTR

Altair

$41.54

0.37 (0.90%)

14:37
07/15/19
07/15
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14:37
Hot Stocks
Altair beneficial owner George Christ sells $1.5M in company shares »

Altair beneficial owner…

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GS

Goldman Sachs

$211.82

-2.13 (-1.00%)

, BAC

Bank of America

$29.19

-0.25 (-0.85%)

14:36
07/15/19
07/15
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14:36
Earnings
Fly Intel: What to watch in next round of big banks' earnings reports »

Goldman Sachs (GS), Bank…

GS

Goldman Sachs

$211.82

-2.13 (-1.00%)

BAC

Bank of America

$29.19

-0.25 (-0.85%)

MS

Morgan Stanley

$44.60

-0.27 (-0.60%)

03/08/13
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AMBA

Ambarella

$46.20

-0.06 (-0.13%)

14:35
07/15/19
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Options
Ambarella put volume heavy and directionally bearish »

Bearish flow noted in…

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SPY

SPDR S&P 500 ETF Trust

$300.59

-0.09 (-0.03%)

, SPX

S&P 500

$0.00

(0.00%)

14:29
07/15/19
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General news
Mnuchin said he thinks a budget deal is 'close' »

Treasury Secretary Steve…

SPY

SPDR S&P 500 ETF Trust

$300.59

-0.09 (-0.03%)

SPX

S&P 500

$0.00

(0.00%)

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SPY

SPDR S&P 500 ETF Trust

$300.57

-0.11 (-0.04%)

, SPX

S&P 500

$0.00

(0.00%)

14:27
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General news
Mnuchin says had 'very productive' talks with Pelosi on debt ceiling »

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SPX

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LOGC

LogicBio Therapeutics

$12.55

0.41 (3.38%)

14:26
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Conference/Events
LogicBio Therapeutics management to meet with Jefferies »

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QURE

uniQure

$68.66

-1.74 (-2.47%)

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uniQure call volume above normal and directionally bullish »

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AVGO

Broadcom

$290.65

5.26 (1.84%)

, SYMC

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$21.78

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14:21
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Periodicals
Broadcom still keen to find solution as Symantec bid stalls over price, FT says »

Broadcom's (AVGO)…

AVGO

Broadcom

$290.65

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SYMC

Symantec

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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Technical Analysis
NYSE market internals summary »

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KKR

KKR

$26.49

-0.32 (-1.19%)

14:15
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Options
KKR put volume heavy and directionally bearish »

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FB

Facebook

$203.96

-0.945 (-0.46%)

, BTC

Bitcoin

$0.00

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FB

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BTC

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C

Citi

$71.87

0.12 (0.17%)

14:11
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Hot Stocks
Citi reports June credit loss rate 2.56% vs. 2.74% last month »

Reports June 30-plus day…

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FB

Facebook

$203.77

-1.135 (-0.55%)

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FB

Facebook

$203.81

-1.095 (-0.53%)

, BTC

Bitcoin

$0.00

(0.00%)

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Hot Stocks
Mnuchin says Treasury has 'serious concerns' about Facebook's Libra, bitcoin »

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FB

Facebook

$203.81

-1.095 (-0.53%)

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

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  • 16

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SCHW

Charles Schwab

$40.49

0.47 (1.17%)

14:05
07/15/19
07/15
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14:05
Options
Charles Schwab call volume above normal and directionally bullish »

Bullish option flow…

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  • 19

    Jul

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    Oct

CSGP

CoStar Group

$583.45

-3.56 (-0.61%)

14:05
07/15/19
07/15
14:05
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14:05
Hot Stocks
CoStar Group signs agreement with Behar Group Realty »

CoStar Group is pleased…

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  • 23

    Jul

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  • 13

    Nov

HTGC

Hercules Capital

$12.96

-0.02 (-0.15%)

14:00
07/15/19
07/15
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14:00
Hot Stocks
Hercules Capital reports separation agreement with Manuel Henriquez »

In a regulatory filing…

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  • 01

    Aug

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