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TSS

TSYS

$110.79

11.18 (11.22%)

, INTU

Intuit

$249.42

8.12 (3.37%)

09:55
05/24/19
05/24
09:55
05/24/19
09:55

Early notable gainers among liquid option names on May 24th

Notable gainers among liquid option names this morning include Total System (TSS) $109.95 +10.34, Intuit (INTU) $253.93 +12.57, HP Inc. (HPQ) $20.13 +0.94, Global Payments (GPN) $154.99 +7.00, and CenturyLink (CTL) $10.06 +0.40.

TSS

TSYS

$110.79

11.18 (11.22%)

INTU

Intuit

$249.42

8.12 (3.37%)

HPQ

HP Inc.

$19.86

0.665 (3.46%)

GPN

Global Payments

$156.06

8.09 (5.47%)

CTL

CenturyLink

$10.07

0.41 (4.24%)

  • 29

    May

  • 03

    Jun

  • 05

    Jun

  • 13

    Nov

TSS TSYS
$110.79

11.18 (11.22%)

05/24/19
SPHN
05/24/19
NO CHANGE
SPHN
Global Payments, TSYS tie-up would likely be highly accretive, says Stephens
Stephens analyst Brett Huff noted that Bloomberg reports that Global Payments (GPN) and TSYS (TSS) have held talks about a potential merger, joint venture and/or partnerships. While he has previously thought that Global Payments had the luxury of "waiting and seeing" if combining consumer funding account with a merchant POS experience, such as the Fiserv (FISV)-First Data (FDC) and FIS (FIS)-Worldpay (WP) deals will do, would yield enough strategic value, he suspects a sooner deal might be driven by the companies' desire to not just achieve larger scale but also achieve that scale with high-quality assets. Huff said he thinks any deal would likely be highly accretive given overlaps and both companies' track record for realizing cost synergies and he also sees limited antitrust concern. Huff also thinks a Global Payments-TSYS combination would increase the chances that assets such as ACI Worldwide (ACIW), Bottomline Technologies (EPAY), Jack Henry (JKHY), USA Technologies (USAT) and Q2 Holdings (QTWO) would likely be bought.
05/24/19
RHCO
05/24/19
NO CHANGE
Target $175
RHCO
Buy
Global Payments / TSYS combination makes strategic sense, says SunTrust
SunTrust analyst Andrew Jeffrey keeps his Buy rating and $175 price target on Global Payments (GPN) after last night's Bloomberg report that the company is considering a possible merger of a joint venture arrangement with Total Systems (TSS). The analyst contends that the combination makes strategic sense in the "consolidating Payments industry" and would result in significant cost synergies. Jeffrey notes that Global Payments is his favorite merchant processor given its "leading global solutions, vertical software, and strong incremental margin", adding he would buying "aggressively" on this news.
04/24/19
SPHN
04/24/19
NO CHANGE
Target $108
SPHN
Overweight
TSYS pullback on earnings a buying opportunity, says Stephens
Stephens analyst Brett Huff said he was surprised by the revenue miss reported by TSYS (TSS) given generally strong trends year-to-date, but he views any post-earnings pullback as a buying opportunity as he thinks the headwinds that impacted the quarter are temporary. Additionally, he still considers TSYS the "least expensive high-quality payment asset" and believes that "at some point" FIS/Worldpay will be a suitor. He reiterates an Overweight rating on TSYS shares and raised his price target on the stock to $108 from $104.
04/24/19
KEYB
04/24/19
NO CHANGE
Target $106
KEYB
Overweight
TSYS price target raised to $106 from $95 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for TSYS to $106 from $95 following quarterly results. The analyst believes budding initiatives like a broader mPOS push, consumer innovation, and issuer pipeline could translate into upside. He reiterates an Overweight rating on the shares and sees an attractive valuation relative to peers.
INTU Intuit
$249.42

8.12 (3.37%)

05/24/19
JEFF
05/24/19
NO CHANGE
Target $300
JEFF
Buy
Intuit price target raised to $300 from $272 at Jefferies
Jefferies analyst Brent Thill raised his price target for Intuit to $300 from $272 saying the company posted a beat in fiscal Q3 despite the Consumer segment coming in slightly below investor expectations. The analyst views Intuit's tax season as "solid" and says the stock "remains a favorite large cap story." He keeps a Buy rating on the shares.
05/24/19
LEHM
05/24/19
NO CHANGE
Target $237
LEHM
Equal Weight
Intuit price target raised to $237 from $225 at Barclays
Barclays analyst Raimo Lenschow raised his price target for Intuit to $237 from $225 saying investors, post the company's fiscal Q3 results, should have a better understanding of its tax season. Intuit achieved better pricing on the high end with its "Live" product and increased its focus on Free, which somewhat limited upside, Lenschow tells investors in a research note. He keeps an Equal Weight rating on the shares.
05/24/19
KEYB
05/24/19
NO CHANGE
Target $285
KEYB
Overweight
Intuit price target raised to $285 from $280 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for Intuit to $285 from $280 and maintained an Overweight rating following the company's beat and raise, driven by strength in the QuickBooks franchise. In a research note to investors, Beck says he remains a buyer given potential improving consumer growth, FinTech adoption and international expansion.
05/24/19
FBCO
05/24/19
NO CHANGE
Target $265
FBCO
Outperform
Intuit price target raised to $265 from $260 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Intuit to $265 from $260 and maintained an Outperform rating following the company's "solid" Q3, saying the results highlight the ability for Intuit to drive sustainable market share gains in Tax with TurboTax Live and 30%+ QuickBooks Online Ecosystem growth from subscriber growth.
HPQ HP Inc.
$19.86

0.665 (3.46%)

05/14/19
WOLF
05/14/19
DOWNGRADE
Target $21
WOLF
Peer Perform
HP Inc. downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research downgraded HP Inc to Peer Perform from Outperform saying VAR checks indicate printing demand will remain under pressure thru the rest of F19, with no major positive catalyst ahead.
04/17/19
SBSH
04/17/19
NO CHANGE
Target $44
SBSH
Buy
Xerox could be strategic acquisition target after EFI deal, says Citi
Citi analyst Jim Suva points out that the buyout of Electronics for Imaging (EFII) by private equity contains a 45 day "go-shop" period. With the print industry maturing, the analyst believes both HP Inc. (HPQ) and XRX (XRX) will now "more aggressively look" at Electronics for Imaging as a strategic asset in terms of revenue growth, earnings accretion, and cash flow. Further, Xerox could be a strategic acquisition for private equity or HP given its annual cash flow of $1B-plus and cost structure that could be significantly reduced, Suva tells investors in a research note. The analyst keeps a Buy rating on Electronics for Imaging and boosted his price target for the shares to $44.
04/11/19
04/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Lyft (LYFT) initiated with a Hold at HSBC. 2. Apple (AAPL), Dell Technologies (DELL), and HP Inc. (HPQ) initiated with a Neutral at Credit Suisse. 3. Yeti (YETI) initiated with an Outperform at Cowen. 4. CVS Health (CVS) initiated with a Market Perform at BMO Capital. 5. Canadian Solar (CSIQ) assumed with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/19
FBCO
04/11/19
INITIATION
Target $21
FBCO
Neutral
HP Inc. initiated with a Neutral at Credit Suisse
Credit Suisse analyst Matt Cabral started coverage of HP Inc. with a Neutral rating and a $21 price target. The analyst sees supplies as a "key concern" following the disappointing inventory reset, despite "steady" gains on PC share and free cash flow.
GPN Global Payments
$156.06

8.09 (5.47%)

05/10/19
NOMU
05/10/19
NO CHANGE
Target $105
NOMU
Neutral
Global Payments price target raised to $105 from $94 at Nomura Instinet
Nomura Instinet analyst Dan Dolev raised his price target for Global Payments to $105 from $94 following the company's Q1 results but keeps a Reduce rating on the shares. At face value, Global Payments' organic growth in North America accelerated, Dolev tells investors in a research note. However, the analyst says he's at odds with the "puzzling discrepancy between dull network fees growth (+3%) and faster core sales growth (+9%)."
05/07/19
SUSQ
05/07/19
UPGRADE
SUSQ
Positive
Global Payments upgraded to Positive from Neutral at Susquehanna
CTL CenturyLink
$10.07

0.41 (4.24%)

05/23/19
GUGG
05/23/19
UPGRADE
GUGG
Neutral
CenturyLink upgraded to Neutral from Sell at Guggenheim
05/23/19
GUGG
05/23/19
UPGRADE
Target $10
GUGG
Neutral
CenturyLink upgraded to Neutral on valuation at Guggenheim
Guggenheim analyst Mike McCormack upgraded CenturyLink to Neutral from Sell with the shares below his price target of $10. Despite the continued challenging fundamental backdrop, CenturyLink shares offer a more balanced risk/reward after declining 34% year-to-date, McCormack tells investors in a research note. While the analyst finds it unlikely that the company's Consumer business will get sold, he believes management is appropriately running the unit for cash as de-levering continues.
05/09/19
SBSH
05/09/19
UPGRADE
SBSH
Neutral
CenturyLink upgraded to Neutral on cash flow, cost cutting at Citi
As previously reported, Citi analyst Michael Rollins upgraded CenturyLink (CTL) to Neutral from Sell. While he said the company reported "another mixed quarter" and he thinks the pace of revenue decline should continue to depress the multiple, the company's "aggressive" cost cutting, cash flow and dividend yield should provide downside support, Rollins tells investors. He remains cautious on whether CenturyLink can create value by separating its consumer business, he added. Rollins recommends that investors seeking dividends in Telco buy AT&T (T) and Verizon (VZ) instead.
05/09/19
SBSH
05/09/19
UPGRADE
SBSH
Neutral
CenturyLink upgraded to Neutral from Sell at Citi
Citi analyst Michael Rollins upgraded CenturyLink to Neutral from Sell.

TODAY'S FREE FLY STORIES

TLGT

Teligent

$0.40

-0.0025 (-0.62%)

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AYTU

Aytu BioScience

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0.0014 (0.18%)

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DVA

DaVita

$79.45

0.43 (0.54%)

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  • 23

    Jan

TSM

TSMC

$58.58

-0.18 (-0.31%)

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KKR

KKR

$31.20

0.7 (2.30%)

, APO

Apollo Global

$50.35

1.26 (2.57%)

09:03
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KKR

KKR

$31.20

0.7 (2.30%)

APO

Apollo Global

$50.35

1.26 (2.57%)

ARES

Ares Management

$37.29

0.47 (1.28%)

BX

Blackstone

$60.79

0.62 (1.03%)

CG

Carlyle Group

$33.30

0.36 (1.09%)

HLNE

Hamilton Lane

$67.25

-0.02 (-0.03%)

03/08/13
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  • 30

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    Jan

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    Feb

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    Feb

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    Feb

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    Feb

SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

, TWNK

Hostess Brands

$14.03

0.02 (0.14%)

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'Blank-check' companies hot on Wall Street, Barron's says »

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SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

TWNK

Hostess Brands

$14.03

0.02 (0.14%)

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  • 25

    Feb

  • 04

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, NFLX

Netflix

$339.56

0.89 (0.26%)

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

NFLX

Netflix

$339.56

0.89 (0.26%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

03/08/13
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  • 21

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  • 03

    Feb

  • 03

    Feb

  • 10

    Feb

JWN

Nordstrom

$40.34

-0.15 (-0.37%)

, WMT

Walmart

$114.93

-0.96 (-0.83%)

08:36
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Casper IPO highlights tech's promise, troubles, Barron' says »

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JWN

Nordstrom

$40.34

-0.15 (-0.37%)

WMT

Walmart

$114.93

-0.96 (-0.83%)

CSPR

Casper Sleep

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 21

    Jan

  • 18

    Feb

BA

Boeing

$324.11

-7.89 (-2.38%)

, DDAIF

Daimler AG

$0.00

(0.00%)

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BA

Boeing

$324.11

-7.89 (-2.38%)

DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$13.76

-0.14 (-1.01%)

VWAGY

Volkswagen

$0.00

(0.00%)

FSLR

First Solar

$53.51

-0.42 (-0.78%)

AAPL

Apple

$318.66

3.33 (1.06%)

DQ

Daqo New Energy

$53.61

-0.025 (-0.05%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

    Jan

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SPOT

Spotify

$148.20

-3.59 (-2.37%)

18:15
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Spotify in talks to acquire The Ringer, WSJ reports »

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  • 05

    Feb

CE

Celanese

$117.54

-0.53 (-0.45%)

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  • 31

    Jan

BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

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DBD

Diebold

$11.09

-0.49 (-4.23%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

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General news
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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

0.04 (0.24%)

GLD

SPDR Gold Shares

$146.59

0.29 (0.20%)

FXE

Euro Currency Trust

$105.10

-0.43 (-0.41%)

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UBSFY

Ubisoft

$0.00

(0.00%)

17:32
01/17/20
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17:32
Periodicals
Ubisoft to restructure editorial team after difficult 2019, VGC reports »

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  • 17

    Jan

  • 18

    Feb

IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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Breaking Syndicate news story on Immunovant »

Immunovant files to sell…

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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
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Syndicate
ToughBuilt files to sell common stock, no amount given »

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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
01/17/20
01/17
17:18
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17:18
Conference/Events
Myomo to host special shareholder meeting »

Special Shareholder…

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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
01/17/20
01/17
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17:14
Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
01/17/20
01/17
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17:10
Syndicate
Breaking Syndicate news story on Sorrento Therapeutics »

Sorrento Therapeutics…

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
01/17/20
01/17
17:01
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17:01
Hot Stocks
Akers Biosciences reaches settlement agreements on two derivative actions »

Akers Biosciences…

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ECA

Encana

$4.09

-0.18 (-4.22%)

16:40
01/17/20
01/17
16:40
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16:40
Hot Stocks
Encana receives court approval for reorganization »

Encana Corporation…

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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

16:38
01/17/20
01/17
16:38
01/17/20
16:38
Syndicate
Breaking Syndicate news story on Moleculin Biotech »

Moleculin Biotech files…

03/08/13
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03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

16:37
01/17/20
01/17
16:37
01/17/20
16:37
Periodicals
BT, Vodafone consider urging PM Johnson not to ban Huawei in U.K., Reuters says »

BT Group (BT) and…

VOD

Vodafone

$20.07

-0.225 (-1.11%)

BT

BT Group

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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16:30
01/17/20
01/17
16:30
01/17/20
16:30
Options
Preliminary option volume of 28.7M today »

Preliminary option volume…

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