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C

Citi

$65.94

1.57 (2.44%)

, GOOG

Alphabet

$1,129.32

-3.82 (-0.34%)

14:12
05/14/19
05/14
14:12
05/14/19
14:12

India's Paytm launhces new credit card with Citigroup, Reuters reports

Indian digital payments company Paytm has rolled out a credit card with Citigroup (C), Reuters reports. The new card should help the digital payments firm stay ahead of its competitors in the digital payments market in India, where multinationals such as Google (GOOG) and Walmart's (WMT) PhonePe are all striving to get a piece of the digital payments pie that is projected to grow to $500B by 2020, the report says, citing the Boston Consulting Group. "We think there is a tremendous potential for growth of this partnership," Citi Global Consumer Banking chief executive Stephen Bird told reporters at a news conference, noting that even if just 1% of Paytm's over 300M customers use the new card, that's a large number. Reference Link

C

Citi

$65.94

1.57 (2.44%)

GOOG

Alphabet

$1,129.32

-3.82 (-0.34%)

GOOGL

Alphabet Class A

$1,134.06

-3.29 (-0.29%)

WMT

Walmart

$100.66

0.77 (0.77%)

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C Citi
$65.94

1.57 (2.44%)

05/03/19
WELS
05/03/19
NO CHANGE
Target $90
WELS
Outperform
Wells Fargo says consensus EPS forecasts for Citi too low
After meeting with the CEO and CFO of Citi, Wells Fargo analyst Mike Mayo noted that both executives repeated expectations that Citi should achieve its ROTCE targets. Those targets imply that 2020 consensus EPS is too low by about 15%, contends Mayo, who added that the executives also pointed to a turn in Asia, from which the bank stands to benefit. Mayo maintains an Outperform rating on Citi with a $90 price target.
04/25/19
WELS
04/25/19
NO CHANGE
Target $90
WELS
Outperform
Citi price target raised to $90 from $82 at Wells Fargo
Wells Fargo analyst Mike Mayo raised his price target for Citi to $90 from $82 given more confidence that ROTCE will improve from 11% to 13% in 2021. The analyst reiterates an Outperform rating on the shares.
04/17/19
BMOC
04/17/19
NO CHANGE
Target $37
BMOC
Market Perform
Bank of America price target raised to $37 at BMO Capital after Q1 results
BMO Capital analyst James Fotheringham raised his price target on Bank of America (BAC) to $37 from $36 after its Q1 earnings beat that was driven by reduced costs and to reflect a roll out in his model by one quarter, but also lowered his FY19 EPS view by 4c to $3.05 due to lower than expected net interest income. The analyst is also keeping his Market Perform rating on the shares, stating that among the "U.S. big four banks", he prefers Citigroup (C).
04/17/19
JEFF
04/17/19
DOWNGRADE
Target $32
JEFF
Hold
Bank of America downgraded to Hold from Buy at Jefferies
Jefferies analyst Kenneth Usdin downgraded Bank of America (BAC) to Hold from Buy with an unchanged price target of $32. After reducing his 2020 estimates by 3% following the company's Q1 results, the analyst does not see enough upside to warrant a Buy rating. The Q1 results showed "incremental challenges in numerous revenue areas," including net interest income and fees, Usdin tells investors in a research note. He prefers putting new money into shares of Citi (C).
GOOG Alphabet
$1,129.32

-3.82 (-0.34%)

05/13/19
MSCO
05/13/19
DOWNGRADE
Target $7
MSCO
Equal Weight
ADT Inc. downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Toni Kaplan downgraded ADT Inc. (ADT) to Equal Weight from Overweight as she has less confidence in the company's growth outlook following a recent AlphaWise survey conducted by the firm. The survey showed homeowners seem as inclined to buy DIY systems as ADT systems, that more ADT customers switched to DIY providers than she would have expected and that measure of brand preference for Amazon's (AMZN) Ring and Google's (GOOG) Nest were higher than for ADT, Kaplan explains. Given that the survey leads her to fear ADT may find it difficult to defend its market share, Kaplan lowered her price target on the stock to $7 from $9.
04/30/19
OPCO
04/30/19
NO CHANGE
Target $1342
OPCO
Outperform
Alphabet price target lowered to $1,342 from $1,435 at Oppenheimer
Oppenheimer analyst Jason Helfstein lowered his price target for Alphabet to $1,342 from $1,435 following quarterly results, while reiterating an Outperform rating on the shares. Despite weaker ad results and lower core margins year over year, the analyst notes that Alphabet is a "cash cow," dominating search, and compounding its core business, with numerous new initiatives at just 11-times 2020 EBITDA and 21-times free cash flow.
04/30/19
04/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying Alphabet revenue growth in last night's Q1 results dropped below 20% for the first time since Q2 of 2015. 2. Bank of America (BAC) downgraded to Neutral from Overweight at Atlantic Equities. 3. Trade Desk (TTD) downgraded to Market Perform from Outperform at JMP Securities with analyst Ronald Josey saying he believes shares are currently fairly valued given the company's growth and opportunities in mobile and Connected TV. 4. ADP (ADP) downgraded to Market Perform from Outperform at Bernstein while Paychex (PAYX) was downgraded to Underperform from Market Perform. 5. Trex Company (TREX) downgraded to Neutral from Buy at B. Riley FBR with analyst Alex Rygiel citing near-term profit margin pressures. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/08/19
05/08/19
UPGRADE
Target $25

Buy
Criteo upgraded to Buy at SunTrust on 'manageable' Chrome changes
As previously reported, SunTrust analyst Matthew Thornton upgraded Criteo (CRTO) to Buy from Hold as he sees the new data privacy developments in Google's (GOOG) Chrome look manageable, reducing the "major overhang" to the stock. Further, the analyst believes valuation is "compelling," and buybacks could provide a tailwind. Thornton also raised his price target on Criteo's shares to $25 from $24.
GOOGL Alphabet Class A
$1,134.06

-3.29 (-0.29%)

05/01/19
DZBN
05/01/19
DOWNGRADE
DZBN
Hold
Alphabet downgraded to Hold from Buy at DZ Bank
WMT Walmart
$100.66

0.77 (0.77%)

05/14/19
COWN
05/14/19
NO CHANGE
COWN
Tariffs to yield major EPS cuts, higher customer prices, says Cowen
Amid the U.S./China trade battle, Cowen analyst Oliver Chen says negative EPS impact could be (10%-(30%) or worse as retailers are unlikely to be able to pass on all of potential cost of goods sold increases. The analyst believes the best positioned Outperform rated stocks are Planet Fitness (PLNT), Walmart (WMT), Ulta Beauty (ULTA), LVMH (LVMUY), and Costco (COST) as these have lower China sourcing risk and greater scale. He sees the most potential vulnerability at apparel and department store retailers. Further, Chen believes that consumers could experience price increases by as much as 10%-15% across impacted categories, which would yield up to $100B or more of incremental cost to consumers, depending on the breadth and depth of goods impacted. These factors are likely to impact supply/demand planning for back to school and holiday, he contends.
05/09/19
LOOP
05/09/19
NO CHANGE
Target $75
LOOP
Buy
Green Dot price target lowered to $75 from $100 at Loop Capital
Loop Capital analyst Joseph Vafi lowered his price target on Green Dot (GDOT) to $75 after its FY19 profitability guidance cut, saying the company's decision to "materially" increase investment this year was "surprising." The analyst also notes that Green Dot's attractive end market opportunities and leading position justify his maintained Buy rating. Vafi adds that he was encouraged by the management's commentary indicating "increased collaboration on new products with Walmart (WMT)" ahead of its expected contract renewal with the retailer next year.
05/03/19
05/03/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Domtar (UFS) upgraded to Buy from Neutral at Goldman Sachs with analyst Brian Maguire saying the current valuation on the stock marks an attractive entry point. 2. Kirby (KEX) upgraded to Buy from Underperform at BofA/Merrill with analyst Ken Hoexter stating shares have been under pressure due to overcapacity in the barging market. 3. Walmart (WMT) upgraded to Outperform from Market Perform at Bernstein with analyst Brandon Fletcher saying that while he thinks Walmart has not been able to return to its full potential for decades, the fully realized vision of what Walmart could be is "so fantastic that, if it even accidentally leans in the right direction," it could create an outsized investment return over several years. 4. Seagate (STX) upgraded to Buy from Hold at Argus with analyst Jim Kelleher stating the company looks to be "closer" to the end of the downturn in its end markets and he expects its "revitalized portfolio" to be well positioned once demand recovers. 5. Tilray (TLRY) upgraded to Hold from Underperform at Jefferies with analyst Owen Bennett saying that while he remains cautious on Tilray's outlook, "this now appears to be much better appreciated by the market" at current valuation levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/08/19
WOLF
05/08/19
DOWNGRADE
WOLF
Underperform
Walmart downgraded to Underperform from Peer Perform at Wolfe Research
Wolfe Research analyst Scott Mushkin downgraded Walmart to Underperform from Peer Perform.

TODAY'S FREE FLY STORIES

FLWS

1-800-Flowers.com

$17.82

-0.18 (-1.00%)

08:50
05/24/19
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08:50
Upgrade
1-800-Flowers.com rating change  »

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General news
Treasury Action: yields dipped in the wake of the durables report »

Treasury Action: yields…

HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:46
05/24/19
05/24
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Recommendations
Hibbett Sports analyst commentary  »

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DVAX

Dynavax

$6.36

(0.00%)

08:46
05/24/19
05/24
08:46
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08:46
Recommendations
Dynavax analyst commentary at RBC Capital »

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DFRG

Del Frisco's

$6.79

-0.1 (-1.45%)

, LABD

Daily S&P Biotech Bear 3x Shares

$23.31

0.66 (2.91%)

08:45
05/24/19
05/24
08:45
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08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

DFRG

Del Frisco's

$6.79

-0.1 (-1.45%)

LABD

Daily S&P Biotech Bear 3x Shares

$23.31

0.66 (2.91%)

FANG

Diamondback Energy

$103.78

-4.9 (-4.51%)

EWZ

MSCI Brazil Index

$39.10

-0.3 (-0.76%)

PEI

Pennsylvania REIT

$6.66

-0.04 (-0.60%)

WPG

Washington Prime

$4.47

0.015 (0.34%)

IWM

iShares Trust Russell 2000 Index Fund

$149.40

-3.17 (-2.08%)

BILI

Bilibili

$14.32

-0.37 (-2.52%)

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NPTN

NeoPhotonics

$3.88

-0.085 (-2.14%)

08:43
05/24/19
05/24
08:43
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Recommendations
NeoPhotonics analyst commentary  »

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ZYME

Zymeworks

$17.65

0.02 (0.11%)

08:42
05/24/19
05/24
08:42
05/24/19
08:42
Conference/Events
Zymeworks to hold a conference call »

Management holds a…

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SPLK

Splunk

$128.68

-7.12 (-5.24%)

08:41
05/24/19
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08:41
Recommendations
Splunk analyst commentary  »

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PDVW

pdvWireless

$44.25

1.25 (2.91%)

08:40
05/24/19
05/24
08:40
05/24/19
08:40
Recommendations
pdvWireless analyst commentary  »

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  • 28

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08:40
05/24/19
05/24
08:40
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08:40
General news
FX Action: The dollar »

FX Action: The dollar…

08:40
05/24/19
05/24
08:40
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08:40
General news
U.S. durable goods orders fell 2.1% in April »

U.S. durable goods orders…

08:40
05/24/19
05/24
08:40
05/24/19
08:40
General news
U.S. equities are modestly firmer »

U.S. equities are…

BCRX

BioCryst

$3.54

0.09 (2.61%)

08:37
05/24/19
05/24
08:37
05/24/19
08:37
Downgrade
BioCryst rating change  »

BioCryst downgraded to…

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  • 29

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PLUS

ePlus

$72.62

-13.88 (-16.05%)

08:36
05/24/19
05/24
08:36
05/24/19
08:36
Hot Stocks
ePlus announces 500,000 share stock repurchase program »

ePlus announced that its…

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ASH

Ashland

$72.19

-0.435 (-0.60%)

08:35
05/24/19
05/24
08:35
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08:35
Recommendations
Ashland analyst commentary  »

Ashland shares have 30%…

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BLMN

Bloomin' Brands

$18.22

-1.98 (-9.80%)

08:33
05/24/19
05/24
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08:33
Upgrade
Bloomin' Brands rating change  »

Guggenheim upgrades…

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CETX

Cemtrex

$0.25

0.0158 (6.89%)

08:33
05/24/19
05/24
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08:33
Hot Stocks
Cemtrex announces six-for-one reverse stock split to regain NASDAQ compliance »

Cemtrex announced that…

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:31
05/24/19
05/24
08:31
05/24/19
08:31
Hot Stocks
Hibbett Sports appoints Anthony Crudele as independent chairman »

Hibbett Sports announced…

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  • 24

    May

BTU

Peabody Energy

$24.45

-0.855 (-3.38%)

08:30
05/24/19
05/24
08:30
05/24/19
08:30
Hot Stocks
Peabody Energy says proceeding with ventilation of North Goonyella Mine »

Peabody announced it is…

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CNR

China Metro-Rural

$5.70

-0.2 (-3.39%)

, LK

Luckin Coffee

$15.88

0.88 (5.87%)

08:30
05/24/19
05/24
08:30
05/24/19
08:30
Options
Five new option listings and four option delistings on May 24th »

New option listings for…

CNR

China Metro-Rural

$5.70

-0.2 (-3.39%)

LK

Luckin Coffee

$15.88

0.88 (5.87%)

ROAN

Roan Resources

$2.53

-0.32 (-11.23%)

EPE

EP Energy

$0.16

(0.00%)

FRSH

Papa Murphy's

$6.45

(0.00%)

NAVG

Navigators

$69.97

(0.00%)

NCS

NCI Building

$5.70

-0.2 (-3.39%)

03/08/13
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MMM

3M

$165.84

-2.46 (-1.46%)

08:28
05/24/19
05/24
08:28
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08:28
Recommendations
3M analyst commentary  »

3M likely to further…

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:27
05/24/19
05/24
08:27
05/24/19
08:27
Hot Stocks
Hibbett Sports up 14.5% after Q1 results beat estimates, FY20 guidance raised »

In pre-market trading,…

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VALE

Vale

$11.78

0.03 (0.26%)

08:27
05/24/19
05/24
08:27
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08:27
Upgrade
Vale rating change  »

Vale upgraded to Sector…

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INTU

Intuit

$241.30

-6.22 (-2.51%)

08:24
05/24/19
05/24
08:24
05/24/19
08:24
Recommendations
Intuit analyst commentary  »

Intuit price target…

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GPN

Global Payments

$147.97

-2.64 (-1.75%)

, TSS

TSYS

$99.61

-1.62 (-1.60%)

08:22
05/24/19
05/24
08:22
05/24/19
08:22
Recommendations
Global Payments, TSYS, ACI Worldwide, Bottomline Technologies, Jack Henry, USA Technologies, Q2 Holdings, Fiserv, First Data, FIS, Worldpay analyst commentary at Stephens »

Global Payments, TSYS…

GPN

Global Payments

$147.97

-2.64 (-1.75%)

TSS

TSYS

$99.61

-1.62 (-1.60%)

ACIW

ACI Worldwide

$31.61

-0.43 (-1.34%)

EPAY

Bottomline Technologies

$44.53

-0.53 (-1.18%)

JKHY

Jack Henry

$132.23

-3.43 (-2.53%)

USAT

USA Technologies

$7.22

0.05 (0.70%)

QTWO

Q2 Holdings

$72.44

-1.98 (-2.66%)

FISV

Fiserv

$87.23

-2.4 (-2.68%)

FDC

First Data

$25.88

-0.75 (-2.82%)

FIS

FIS

$120.45

-0.59 (-0.49%)

WP

Worldpay

$121.97

-0.48 (-0.39%)

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