Breaking News Instant updates and real-time market news.

ACN

Accenture

$177.96

2.79 (1.59%)

, AMZN

Amazon.com

$1,730.35

38.02 (2.25%)

04:55
06/05/19
06/05
04:55
06/05/19
04:55

Ascential Events (Europe) Ltd to hold a conference

Money Europe 20/20 will be held in Amsterdam, The Netherlands on June 3-5.

ACN

Accenture

$177.96

2.79 (1.59%)

AMZN

Amazon.com

$1,730.35

38.02 (2.25%)

AXP

American Express

$116.87

2.25 (1.96%)

BAC

Bank of America

$27.92

1.26 (4.73%)

BCS

Barclays

$7.82

0.285 (3.78%)

BLK

BlackRock

$434.70

14.85 (3.54%)

EPAY

Bottomline Technologies

$43.89

1.85 (4.40%)

C

Citi

$65.87

3.26 (5.21%)

IT

Gartner

$151.34

1.565 (1.04%)

FDC

First Data

$25.59

0.99 (4.02%)

FB

Facebook

$167.53

3.57 (2.18%)

FDX

FedEx

$159.59

7.28 (4.78%)

ETSY

Etsy

$61.24

0.17 (0.28%)

EFX

Equifax

$124.23

3.72 (3.09%)

DAVA

Endava

$36.51

-1.41 (-3.72%)

DB

Deutsche Bank

$7.07

0.335 (4.98%)

CS

Credit Suisse

$11.74

0.43 (3.80%)

GS

Goldman Sachs

$189.94

6.81 (3.72%)

HSBC

HSBC

$41.19

0.355 (0.87%)

INTC

Intel

$44.80

1.36 (3.13%)

JPM

JPMorgan

$109.76

3.36 (3.16%)

KFY

Korn/Ferry

$45.36

2.275 (5.28%)

LAZ

Lazard

$33.79

1.46 (4.52%)

MA

MasterCard

$249.22

7.03 (2.90%)

MSFT

Microsoft

$123.15

3.22 (2.68%)

MS

Morgan Stanley

$42.49

1.76 (4.32%)

NFLX

Netflix

$353.40

16.54 (4.91%)

WU

Western Union

$20.38

1 (5.16%)

UBS

UBS

$11.76

0.28 (2.44%)

STM

STMicroelectronics

$15.99

0.84 (5.54%)

SHOP

Shopify

$273.93

9.255 (3.50%)

SC

Santander Consumer

$23.18

0.625 (2.77%)

PYPL

PayPal

$108.75

3.42 (3.25%)

  • 05

    Jun

  • 06

    Jun

  • 06

    Jun

  • 07

    Jun

  • 08

    Jun

  • 10

    Jun

  • 10

    Jun

  • 10

    Jun

  • 11

    Jun

  • 11

    Jun

  • 11

    Jun

  • 11

    Jun

  • 18

    Jun

  • 19

    Jun

  • 19

    Jun

  • 23

    Jun

  • 25

    Jun

  • 25

    Jun

  • 25

    Jun

  • 25

    Jun

  • 27

    Jun

  • 10

    Jul

  • 15

    Jul

  • 16

    Jul

  • 16

    Jul

  • 17

    Jul

  • 24

    Jul

  • 24

    Jul

  • 25

    Jul

  • 06

    Aug

  • 05

    Sep

  • 27

    Oct

  • 30

    Oct

  • 13

    Nov

ACN Accenture
$177.96

2.79 (1.59%)

03/29/19
BMOC
03/29/19
NO CHANGE
Target $185
BMOC
Market Perform
Accenture price target raised to $185 from $160 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Accenture to $185 after its Q2 earnings beat and raised FY19 guidance, which he says helped to "dispel concerns about exposure to a macroeconomic slowdown." The analyst notes that the company also recovered from last quarter's "relatively weak signings", also anticipating an improvement in financial services along with better performance in Europe to help top-line growth in the second half of 2019. Despite his view that Accenture has a "best in class" execution among IT Service providers, Bachman is keeping his Market Perform rating on the shares citing "full valuation".
03/29/19
RHCO
03/29/19
NO CHANGE
Target $180
RHCO
Hold
Accenture price target raised to $180 from $157 at SunTrust
SunTrust analyst Frank Atkins raised his price target on Accenture to $180 after its Q2 results showed "strong bookings growth" and better than expected revenue, with earnings aided by the lower tax rate. The analyst is keeping his Hold rating on the shares however, noting that the current consensus for Accenture "leaves little room for upside" and its valuation "remains elevated relative to peers and historical averages."
05/03/19
BOFA
05/03/19
DOWNGRADE
BOFA
Neutral
Accenture downgraded to Neutral from Buy at BofA/Merrill
05/03/19
05/03/19
DOWNGRADE
Target $182

Neutral
Accenture downgraded to Neutral on valuation at BofA/Merrill
As previously reported, BofA/Merrill downgraded Accenture to Neutral from Buy with a $182 price target. Analyst Jason Kupferberg said shares have outperformed and sees limited upside to estimates and a lack of near-term catalysts to push shares higher.
AMZN Amazon.com
$1,730.35

38.02 (2.25%)

06/03/19
BOFA
06/03/19
NO CHANGE
Target $1350
BOFA
Buy
DOJ's Google probe could embolden critics of tech giants, says BofA/Merrill
After the Wall Street Journal reported late Friday that the U.S. Department of Justice is preparing to open an investigation into Google's (GOOG, GOOGL) compliance with antitrust laws, BofA/Merrill analyst Justin Post said that while FTC commissioners have voted in the past not to pursue a lawsuit and possible breakup of Google, the current climate "is somewhat different." In a research note to investors, Post says antitrust probes are "difficult to predict," and that if the DOJ moves ahead, an investigation would likely embolden critics of Facebook (FB), Amazon (AMZN) and other tech giants as well, causing rhetoric to heat up during the 2020 election year. Potential implications for Google could include new regulations on business practices or an antitrust investigation leading to a breakup, but to break up Google, the DOJ would likely have to file a lawsuit and convince judges that Google has undermined competition. Post has a Buy rating and $1,350 price target on shares of Google parent Alphabet.
06/03/19
LOOP
06/03/19
NO CHANGE
Target $2380
LOOP
Buy
Amazon.com price target raised to $2,380 from $2,200 at Loop Capital
Loop Capital analyst Anthony Chukumba raised his price target for Amazon.com to $2,380 from $2,200 and reiterates a Buy rating on the shares.
06/04/19
BARD
06/04/19
NO CHANGE
BARD
Risk of large-cap tech breakups 'fairly low,' says Baird
Following yesterday's multiple media reports that antitrust regulators were laying out their lines of responsibility if they choose to pursue investigations of Google (GOOGL), Amazon (AMZN), Facebook (FB) and Apple (AAPL), Baird analyst Colin Sebastian said he views the odds of "nuclear options," such as forced breakups of Google, Facebook or Amazon, as "fairly low." However, he sees the chances of anti-trust action short of breakups as "moderate" and thinks the odds of regulation around privacy and security are "relatively high." Sebastian thinks Amazon and Alibaba (BABA) could outperform other large-cap tech stocks amid the "specter of government intervention," though he also thinks positive revenue trends at Facebook could lead to a rebound after investors digest the current news.
06/04/19
RAJA
06/04/19
NO CHANGE
RAJA
Google has most antitrust risk, but still a buy on pullback, says Raymond James
Raymond James analyst Aaron Kessler noted that Alphabet (GOOG) shares fell 6%, Facebook (FB) declined over 7%, and Amazon (AMZN) dropped nearly 5% on Monday due to concerns around investigations from the Department of Justice and FTC and news after the close that House Antitrust Subcommittee Chairman David Cicilline announced a bipartisan investigation into competition in digital markets. While he believes Google has the most antitrust risk among the group given the history of fines by the European Commission, Kessler also noted that European fines have been relatively immaterial to Google's market cap and fundamentals. He views the pullback as a buying opportunity given that core fundamentals remain solid for Google, Facebook, and Amazon, calling the valuations of Alphabet and Facebook "particularly" attractive.
AXP American Express
$116.87

2.25 (1.96%)

04/29/19
04/29/19
DOWNGRADE
Target $118

Neutral
American Express downgraded to Neutral at UBS on limited earnings upside
As previously reported, UBS analyst Eric Wasserstrom downgraded American Express to Neutral but raised his price target to $118 from $113. The analyst notes that in spite of the company's "steady performance", he no longer sees "significant upside to consensus EPS forecasts". Wasserstrom adds that the current valuation on American Express of 14.7-times forward earnings is close to one standard deviation from its longer term average of 13.3-times and also warns about the company's "rising credit losses."
05/03/19
RBCM
05/03/19
INITIATION
Target $120
RBCM
Sector Perform
American Express assumed with a Sector Perform at RBC Capital
RBC Capital analyst Jon Arfstrom assumed coverage of American Express with a Sector Perform rating and a price target of $120, saying the stock is a "high quality core holding" give n the company's unique card network model and a history of industry leading returns. The analyst also points to the "strong premium" brand of American Express which should make the company's performance "relatively resilient" in the event of an economic slowdown.
05/15/19
RHCO
05/15/19
NO CHANGE
Target $14
RHCO
Buy
Green Sky's loss of Regions as funding partner 'not material,' says SunTrust
After Green Sky (GSKY) disclosed in a 10Q this morning that it has lost Regions Financial (RF) as a funding partner for its indirect lending product, SunTrust analyst Andrew Jeffrey said the news is "clearly a negative," as Regions is about 17% of the company's total max funding commitment, he does not believe this loss alone will constrain the calendar 2019 revenue growth outlook. Based on the 10Q, less than $150M of the funding commitment was unused, and therefore, Jeffrey contends that it is likely not material to the $4.5B in total funding the company highlighted on its recent conference call. Jeffrey, who has a Buy rating and $14 price target on Green Sky shares, says he "likes" the company's competitive position, value proposition, potential upside from new Healthcare offerings and the new American Express (AXP) relationship.
05/20/19
SPHN
05/20/19
NO CHANGE
Target $131
SPHN
Overweight
Stephens sees significant growth opportunity for AmEx in B2B payments
Stephens analyst Vincent Caintic, after hosting meetings with American Express management, said that he sees a significant opportunity for the company in the Business-To-Business, or B2B, space, particularly in payments to suppliers. The biggest challenge is signing suppliers to take American Express as a form of payment, but the company's current key value proposition is paying suppliers faster for accepting the card, Caintic explains. He keeps an Overweight rating and $131 price target on AmEx shares following the management meetings.
BAC Bank of America
$27.92

1.26 (4.73%)

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
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.
04/30/19
ATLE
04/30/19
DOWNGRADE
ATLE
Neutral
Bank of America downgraded to Neutral from Overweight at Atlantic Equities
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.
BCS Barclays
$7.82

0.285 (3.78%)

06/19/18
BOFA
06/19/18
DOWNGRADE
BOFA
Neutral
Barclays downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Andrew Stimpson downgraded Barclays to Neutral from Buy citing share outperformance and lack of significant revenue growth in 2018.
10/01/18
BREN
10/01/18
UPGRADE
BREN
Buy
Barclays upgraded to Buy from Hold at Berenberg
Berenberg analyst Peter Richardson upgraded Barclays to Buy and raised his price target for the shares to 220p from 200p. The analyst views expectations of a 5.5% return on tangible equity as too low and says Barclays has the strongest franchise of any non-U.S. bank. He believes the stock's 20% discount to European peers is unwarranted.
11/09/18
FBCO
11/09/18
DOWNGRADE
FBCO
Neutral
Barclays downgraded to Neutral from Outperform at Credit Suisse
BLK BlackRock
$434.70

14.85 (3.54%)

01/29/19
01/29/19
UPGRADE
Target $468

Buy
BlackRock upgraded to Buy on continued industry-leading growth at Jefferies
As previously reported, Jefferies analyst Daniel Fannon upgraded BlackRock to Buy from Hold, stating that it is benefiting from both structural shifts in investor behavior as well as secular trends and he believes the company can continue to deliver industry leading organic growth and capital return. Given the reset in earnings expectations, Fannon argues that the current risk/reward "is as attractive as it has been in 4 years." He raised his price target on BlackRock shares to $468 from $427.
01/29/19
01/29/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nvidia (NVDA) upgraded to Buy from Neutral at UBS with analyst Timothy Arcuri saying the 20% fiscal Q4 revenue miss preannounced and the stock drop "finally sets the stage for a new positive revision cycle starting this summer." 2. American Express (AXP) upgraded to Overweight from Neutral at Atlantic Equities. 3. BlackRock (BLK) upgraded to Buy from Hold at Jefferies with analyst Daniel Fannon saying it is benefiting from both structural shifts in investor behavior as well as secular trends and he believes the company can continue to deliver industry leading organic growth and capital return. 4. British American Tobacco (BTI) upgraded to Overweight from Neutral at Piper Jaffray with analyst Michael Lavery saying he views the stock's valuation as attractive at current levels and feels "modestly more comfortable" with Glo's patent litigation risk in Japan. 5. 3D Systems (DDD) and Stratasys (SSYS) were upgraded to Overweight from Neutral at Piper Jaffray. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/14/19
LEHM
03/14/19
NO CHANGE
Target $490
LEHM
Overweight
BlackRock price target raised to $490 from $472 at Barclays
Barclays analyst Jeremy Campbell raised his price target for BlackRock to $490 from $472 citing recent increases in assets under management. The analyst keeps an Overweight rating on the shares.
04/17/19
WELS
04/17/19
NO CHANGE
Target $480
WELS
Market Perform
BlackRock price target raised to $480 from $460 at Wells Fargo
Wells Fargo analyst Christopher Harris raised his price target for BlackRock to $480 from $460 as the shares outperformed on the day of the Q1 earnings report, seemingly because of solid organic growth, better-than-expected base fee revenue and average fee rate and no change in expense guidance despite year to date stock market strength. The analyst reiterates a Market Perform rating on the shares.
EPAY Bottomline Technologies
$43.89

1.85 (4.40%)

02/01/19
RAJA
02/01/19
NO CHANGE
Target $65
RAJA
Strong Buy
Bottomline Technologies price target lowered to $65 from $77 at Raymond James
Raymond James analyst John Davis lowered his estimates for Bottomline Technologies and cut his price target on the stock to $65 from $77 stating that the company's Q2 results were in-line to slightly better "pretty much across the board" outside of subs and transactions. However, he believes there is likely "some ASC 606 related noise" and said "there certainly wasn't anything thesis-changing in the quarter." Davis keeps a Strong Buy rating on Bottomline shares.
02/04/19
BRRR
02/04/19
NO CHANGE
BRRR
Outperform
Bottomline target range lowered to $55-$60 from $60-$65 at Barrington
Barrington analyst Gary Prestopino lowered his price target range for Bottomline Technologies to $55-$60 from $60-$65 after the company reduced its fiscal 2019 guidance to reflect currency moves. The analyst slightly lowered his adjusted EBITDA estimates for fiscal 2019 and 2020 but keeps an Outperform rating on Bottomline.
05/03/19
RAJA
05/03/19
DOWNGRADE
RAJA
Outperform
Bottomline Technologies downgraded to Outperform at Raymond James
Raymond James analyst John Davis downgraded Bottomline Technologies to Outperform from Strong Buy.
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.
C Citi
$65.87

3.26 (5.21%)

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.
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.
05/30/19
GSCO
05/30/19
UPGRADE
Target $77
GSCO
Buy
Citi upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Richard Ramsden upgraded Citi to Buy from Neutral and raised his price target for the shares to $77 from $71. The stock closed yesterday down 9c to $63.71. Ramsden sees a "realistic path" to a 13% return on tangible common equity in 2020 for Citi, or 100 basis points ahead of market expectations, which he notes is not contingent on either higher interest rates or strengthening global growth trends. While there is a risk that Citi may back away from its 13.5%-plus ROTCE target, neither consensus expectations for 2020 or the current valuation discount achieving the target, Ramsden tells investors in a research note. The analyst believes the market is "overly pessimistic" on Citi's revenue growth inflection, targeted expense savings, and outlook for credit costs. As a result, he sees 21% upside potential from current share levels.
05/30/19
05/30/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Citi (C) upgraded to Buy from Neutral at Goldman Sachs with analyst Richard Ramsden saying he sees a "realistic path" to a 13% return on tangible common equity in 2020 for Citi, or 100 basis points ahead of market expectations, which he notes is not contingent on either higher interest rates or strengthening global growth trends. 2. Comcast (CMCSA) upgraded to Buy from Neutral at Guggenheim with analyst Mike McCormack saying the company's successful pivot from primarily a video distributor to a connectivity company "has been fairly smooth." 3. Zynga (ZNGA) upgraded to Overweight from Equal Weight at Stephens with analyst Jeff Cohen saying the continued acceleration of recent acquisitions and the fact that Social Casino could be poised for a second half re-acceleration give him additional confidence in Zynga's live service portfolio. 4. Penumbra (PEN) upgraded to Overweight from Neutral at JPMorgan with analyst Robert Marcus saying the Street is overly focused on competitive entrants to the stroke aspiration market. 5. Cypress Semiconductor (CY) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Craig Hettenbach citing press reports indicating that the company is exploring strategic options. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
IT Gartner
$151.34

1.565 (1.04%)

02/06/19
BMOC
02/06/19
DOWNGRADE
BMOC
Market Perform
Gartner downgraded to Market Perform from Outperform at BMO Capital
02/06/19
02/06/19
DOWNGRADE
Target $142

Market Perform
Gartner downgraded to Market Perform at BMO Capital on disappointing guidance
As previously reported, BMO Capital analyst Jeffrey Silber downgraded Gartner to Market Perform from Outperform and lowered his price target to $142 from $151. The analyst notes that the company's Q4 earnings miss should also make it difficult to achieve the management's reiterated outlook for double-digit Global Business Sales contract value growth. Silber adds that Gartner stock continues to trade at a "sizable premium on virtually all metrics", while its near term upside looks limited.
02/06/19
CANT
02/06/19
DOWNGRADE
CANT
Neutral
Gartner downgraded to Neutral from Overweight at Cantor Fitzgerald
05/08/19
CANT
05/08/19
NO CHANGE
Target $152
CANT
Neutral
Gartner price target raised to $152 from $141 at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi raised his price target for Gartner to $152 from $141 following the company's Q1 results but keeps a Neutral rating on the shares.
FDC First Data
$25.59

0.99 (4.02%)

04/30/19
KEYB
04/30/19
NO CHANGE
Target $155
KEYB
Overweight
Global Payments price target raised to $155 from $135 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for Global Payments (GPN) to $155 from $135 ahead of quarterly results as he expects best-in-class organic growth in the HSD to LDD within the U.S. direct channel. An early strategic pivot toward software followed by recent M&A moves suggest the 2020 target of 60% tech-led distribution is likely to provide insulation against potential consolidation headwinds tied to Fiserv (FISV)-First Data (FDC) and FISWP mergers, he contends. Beck reiterates an Overweight rating on the shares.
04/30/19
BARD
04/30/19
NO CHANGE
BARD
FIS deal clearance positive for Fiserv-First Data, says Baird
Baird analyst says David Koning said he views the fact that the FTC granted early HSR termination to FIS (FIS) and Worldpay (WP) as good news since it means no second request is coming from the DOJ. He noted that Fiserv (FISV) has already announced that it got a second DOJ request, but he said the business unit concentrations for Fiserv and First Data (FDC) "aren't that dramatically different" and he views the clearing granted to FIS as good news for Fiserv-First Data as well.
05/06/19
BARD
05/06/19
NO CHANGE
Target $106
BARD
Outperform
Fiserv named a new 'Fresh Pick' at Baird
Baird analyst David Koning assigned a "Fresh Pick" designation to Fiserv (FISV) after First Data's (FDC) Global Business Solutions, or GBS, segment accelerated to +10% organic growth, which Koning noted was the best growth of the merchant acquirers in Q1. The analyst, who thinks results from both Fiserv and First Data "deserved a better reaction," also noted that Fiserv has underperformed the S&P since the end of January and thinks relief rallies may be coming. Koning has an Outperform rating and $106 price target on Fiserv shares.
FB Facebook
$167.53

3.57 (2.18%)

06/04/19
RSBL
06/04/19
NO CHANGE
Target $242
RSBL
Buy
Likelihood of Facebook breakup 'still looks nil,' says Rosenblatt
Rosenblatt analyst Mark Zgutowicz says that while headline risk is increased after the Wall Street Journal speculated on an upcoming Federal Trade Commission investigation into Facebook's competitive positioning, the likelihood of a company breakup "still looks nil." The analyst continues to believe Facebook will not be forced to breakup, saying the market will be no less competitive with still two dominant scale advertising platforms. A spin-off of Instagram would not deliver the sought after anti-competitive restitution, Zgutowicz tells investors in a research note. The analyst reiterates a Buy rating on Facebook shares with a $242 price target. The stock closed yesterday down 7.5% to $164.15.
FDX FedEx
$159.59

7.28 (4.78%)

04/26/19
UBSW
04/26/19
DOWNGRADE
UBSW
Sell
FedEx downgraded to Sell from Neutral at UBS
04/26/19
04/26/19
DOWNGRADE
Target $161

Sell
FedEx downgraded to Sell from Neutral at UBS
As previously reported, UBS analyst Thomas Wadewitz downgraded FedEx to Sell and lowered his price target to $161 from $171. The analyst says that the stock is still up 17% year-to-date after falling 4.5% yesterday and sees risk/reward on the shares as "negative", with risk to its earnings from Ground margin compression and Express Europe / TNT integration challenges that are "likely to persist."
05/13/19
COWN
05/13/19
NO CHANGE
Target $230
COWN
Outperform
Recent FedEx weakness creates buying opportunity, says Cowen
Cowen analyst Helane Becker says the recent weakness in FedEx shares creates a buying opportunity, telling investors in a research note that she believes FedEx will see improving margins over the next few years as it benefits from cost reductions in the business. Becker expects FedEx to offer a voluntary retirement program to international employees this year and adds that it is seeing strong retail and e-commerce business, but weaker trends in industrial production. She maintains an Outperform rating and $230 price target.
05/17/19
MSCO
05/17/19
NO CHANGE
Target $148
MSCO
Equal Weight
Morgan Stanley sees 80% odds of FedEx trading down after earnings, guidance
Morgan Stanley analyst Ravi Shanker is cautious on FedEx shares ahead of the company's Q4 report on June 25, along with which he believes the company is likely to issue FY20 guidance. Though the Q4 results "will be important," Shankar, who is expecting a miss, believes the stock will most likely react to guidance. He puts 50% odds that the company issues FY20 EPS guidance of about $16 ex-TNT costs, which compares to current consensus of $16.76. In this scenario, Shankar sees about 7% downside for the stock. He sees a 30% chance of FY20 EPS guidance of close to $15, in which case he sees about 13% downside for FedEx shares. Shanker attributes 20% odds that FedEx issues FY20 EPS guidance of close to $17, in which case he predicts about 4% upside to see the stock trade near $180 per share. Ahead of the report, Shanker keeps an Equal Weight rating and $148 price target on FedEx shares.
ETSY Etsy
$61.24

0.17 (0.28%)

04/04/19
04/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Etsy (ETSY) initiated with a Buy at Canaccord. 2. Renewable Energy (REGI) initiated with an Overweight at Piper Jaffray. 3. Smartsheet (SMAR) initiated with an Outperform at Oppenheimer. 4. Bank of America (BAC) initiated with a Hold at HSBC. 5. Synnex (SNX) initiated with an Outperform at Barrington. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/01/19
ROTH
05/01/19
NO CHANGE
Target $76
ROTH
Buy
Etsy price target raised to $76 from $72 at Roth Capital
Roth Capital analyst Darren Aftahi raised his price target for Etsy to $76 from $72 and maintained a Buy rating ahead of the company's Q1 results on May 8, saying topline expectations are in-line with the Street, while he assumes ~$2M lower marketing, which yields his higher than consensus adjusted EBITDA estimate of $43.3M. Following Etsy's investor day, Aftahi says he remains confident that ample runway still exists for product improvement, enabling gross merchandise sales, or GMS, growth, alongside international penetration. Comps get more difficult in the second half of the year as Etsy lapses its price increase, the analyst notes.
05/09/19
SBSH
05/09/19
NO CHANGE
Target $86
SBSH
Buy
Etsy post-earnings selloff 'overblown,' says Citi
Citi analyst Nicholas Jones views the post-earnings selloff in shares of Etsy as "overblown." The analyst attributes the 7% pullback to investors looking for a bigger increase in guidance. The results were "positive" and Etsy is launching an upper funnel media campaign in Q2, which is expected to drive frequency and increase reach, Jones tells investors in a research note. He raised his price target for the shares to $86 and keeps a Buy rating on the name.
05/09/19
ADAM
05/09/19
NO CHANGE
Target $85
ADAM
Buy
Etsy business model continuing to evolve in 'positive' direction, says Canaccord
Canaccord analyst Maria Ripps maintained a Buy rating and $85 price target on Etsy following the company's "strong" Q1 results, saying he sees increased marketing investment through the year along with continued testing of newer channels to optimize spend, both of which should support ongoing "robust growth. Ripps tells investors in a research note that while the stock's premium valuation could lead to short-term volatility in quarters like this with in-line revenue, she sees strong evidence of a business model continuing to evolve in a positive direction and expects continued robust growth and improving profitability going forward.
EFX Equifax
$124.23

3.72 (3.09%)

02/05/19
DBAB
02/05/19
DOWNGRADE
Target $110
DBAB
Hold
Deutsche downgrades Equifax to Hold, says shares ahead of fundamentals
Deutsche Bank analyst Ashish Sabadra downgraded Equifax to Hold from Buy and cut his price target for the shares to $110 from $128. The shares have rallied significantly off the bottom and outperformed the market year-to-date due to expectations for improving mortgage originations and overall consumer lending, Sabadra tells investors in a research note titled "Stock Getting Ahead of Fundamentals." However, headwinds from potential share losses as well as an economic slowdown in the U.S. and uncertainty in the U.K. from Brexit could weigh on the company's results, adds the analyst. He sees potential downside risk to 2019 and 2020 consensus estimates and views Equifax's current valuations as full.
02/05/19
02/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Rent-A-Center (RCII) downgraded to Neutral from Buy at Janney Montgomery Scott with analyst John Rowan citing the stock's 50% rise from its intra-day low of $11.98 on December 18, 2018. 2. Equifax (EFX) downgraded to Hold from Buy at Deutsche Bank with analyst Ashish Sabadra saying the shares have rallied significantly off the bottom and outperformed the market year-to-date due to expectations for improving mortgage originations and overall consumer lending. 3. Kraft Heinz (KHC) downgraded to Hold from Buy at Deutsche Bank with analyst Rob Dickerson saying his analysis shows store brands continue to increase distribution points and take share in the majority of Kraft Heinz's largest categories. 4. CenturyLink (CTL) downgraded to Sell from Neutral at Citi with analyst Michael Rollins saying he expects headwinds on revenue and cash flow, a possible dividend cut, and the likelihood for capex upgrades to lead to further multiple contraction. 5. Cronos Group (CRON) downgraded to Hold from Buy at GMP Securities with analyst Martin Landry citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/25/19
RHCO
02/25/19
NO CHANGE
Target $125
RHCO
Buy
Equifax price target raised to $125 from $110 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on Equifax to $125 and kept his Buy rating after its Q4 results and 2019 guidance, saying he expects the company to return to "at least low-single percent" organic revenue growth and normalized sales pipeline. The analyst maintains his confidence in the company's long-term model and contends that its valuation discount offers downside protection even if U.S. economy decelerate. Jeffrey further notes that 18 months after the data breach, Equifax is now "cleanly out of the penalty box" as seen in the management's "enthusiasm around the sales process and pipeline."
03/15/19
EXAN
03/15/19
INITIATION
Target $106
EXAN
Neutral
Equifax initiated with a Neutral at Exane BNP Paribas
Exane BNP Paribas initiated Equifax with a Neutral and $106 price target.
DAVA Endava
$36.51

-1.41 (-3.72%)

08/21/18
MSCO
08/21/18
INITIATION
Target $29
MSCO
Equal Weight
Endava initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Brian Essex initiated Endava with an Equal Weight rating and $29 price target, stating that while he views the company as a "high quality disruptor" with a "best of breed" platform for digital transformation, he also believes the stock's current valuation reflects its robust growth. He currently forecasts revenue growth at a 23% CAGR for the next two fiscal years, which Essex notes is a deceleration from recent organic growth of over 25%.
08/21/18
WBLR
08/21/18
INITIATION
WBLR
Outperform
Endava initiated with an Outperform at William Blair
William Blair analyst Maggie Nolan initiated Endava with an Outperform rating, telling investors in a research note that she expects the company will see margins expand, driven by leverage in the model as the company scales. Nolan also expects "strong" top-line growth, translating into strong earnings growth and returns for investors.
08/22/18
DBAB
08/22/18
INITIATION
Target $29
DBAB
Hold
Endava initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Bryan Keane started Endava with a Hold rating and $29 price target. The company has "significant" concentration among its top 10 clients, geographies, and industries, putting it at risk to a client loss or reduction in information technology spending, Keane tells investors in a research note.
08/22/18
08/22/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. BJ's Restaurants (BJRI) initiated with a Buy at Maxim. 2. Nightstar Therapeutics (NITE) initiated with a Buy at Janney Montgomery Scott. 3. Endava (DAVA) initiated with a Hold at Deutsche Bank. 4. Cardiovascular Systems (CSII) initiated with a Buy at Stifel. 5. Wright Medical (WMGI) initiated with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
DB Deutsche Bank
$7.07

0.335 (4.98%)

08/10/18
08/10/18
DOWNGRADE

Underweight
Morgan Stanley cuts Deutsche Bank to Underweight on limited top-line visibility
As previously reported, Morgan Stanley analyst Magdalena Stoklosa downgraded Deutsche Bank to Underweight from Equal Weight, stating that while she gives management "full credit" for its cost cutting efforts, it is hard to have any visibility on the top line. She assumes 2018-20 revenue CAGR of just 1.5%, which is below the average for Eurozone banks and below managements target of 4%. While recognizing the risk of downgrading Deutsche Bank "at the bottom," Stoklosa sees current conditions as unlikely to be conducive to a near-term re-rating, she tells investors. She has an EUR9 target on the bank's shares.
08/13/18
BOFA
08/13/18
DOWNGRADE
Target $9
BOFA
Underperform
Deutsche Bank downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Andrew Stimpson downgraded Deutsche Bank to Underperform from Neutral saying he expects the earnings downgrade cycle to continue given CIB revenue headwinds.
05/20/19
UBSW
05/20/19
DOWNGRADE
UBSW
Sell
Deutsche Bank downgraded to Sell from Neutral at UBS
UBS downgraded Deutsche Bank to Sell from Neutral and lowered its price target for the shares to EUR 5.70 from EUR 7.80. The bank is facing limited strategic options and its operating conditions are unlikely to improve in the near term amid intense competition, UBS tells investors in a research note.
05/20/19
05/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. American Airlines (AAL) downgraded to Underweight from Equal Weight at Morgan Stanley while Delta Air Lines (DAL) was downgraded to Equal Weight from Overweight. 2. Deutsche Bank (DB) downgraded to Sell from Neutral at UBS with the firm saying the bank is facing limited strategic options and its operating conditions are unlikely to improve in the near term amid intense competition. 3. Eaton Vance (EV) double downgraded to Underperform from Buy at BofA/Merrill with analyst Michael Carrier lowering estimates to reflect slower flow trends, a difficult product mix, and potential margin pressures ahead. 4. ProAssurance (PRA) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Christopher Campbell saying the stock has rallied 9% since the company's "disappointing" Q1 results. 5. Clorox (CLX) downgraded to Hold from Buy at Argus with analyst John Staszak citing the company's revenue deceleration reported in Q3 to "just 2%" as well as its near-term growth outlook cut to 2%-3% from 2%-4%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CS Credit Suisse
$11.74

0.43 (3.80%)

02/20/19
02/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Pfizer (PFE) resumed with a Neutral from Sell at Citi with analyst Andrew Baum saying the recent pullback in the stock, along with the 5%-8% 2019-2021 consensus estimate reductions, gives him the opportunity to close his Sell rating. 2. Transocean (RIG) and Diamond Offshore (DO) were upgraded to Overweight from Underweight at Barclays. 3. American Axle (AXL) upgraded to Buy from Neutral at BofA/Merrill with analyst John Murphy citing progress with restructuring, GM's (GM) truck cycle, and balance sheet deleveraging. 4. Credit Suisse (CS) upgraded to Hold from Sell at Berenberg. 5. Ipsen (IPSEY) upgraded to Neutral from Sell at Goldman Sachs with analyst Diana Na citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/12/19
KBWI
03/12/19
DOWNGRADE
KBWI
Underperform
Credit Suisse downgraded to Underperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Tom Hallett downgraded Credit Suisse to Underperform from Market Perform and lowered his price target for the shares to 11 francs from 13.50 francs.
03/13/19
JPMS
03/13/19
DOWNGRADE
JPMS
Neutral
Credit Suisse downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Kian Abouhossein downgraded Credit Suisse to Neutral from Overweight and lowered his price target for the shares to 14 francs from 16 francs. The company's investment banking strategy is "value destroying," Abouhossein tells investors in a research note. Further, he believes Credit Suisse's cost cuts are fully discounted in the current valuation.
03/13/19
03/13/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Roku (ROKU) downgraded to Sell from Hold at Loop Capital and to Neutral from Outperform at Macquarie. 2. Hercules Capital (HTGC) downgraded to Market Perform from Outperform at Keefe Bruyette and to Neutral from Buy at Compass Point as well as B. Riley FBR. 3. Credit Suisse (CS) downgraded to Neutral from Overweight at JPMorgan with analyst Kian Abouhossein saying the company's investment banking strategy is "value destroying." 4. Comerica (CMA) downgraded to Neutral from Outperform at Wedbush with analyst Peter Winter saying he believes earnings growth will be more challenging in 2020 given less earnings levers, the benefit from lower expenses is behind, and share buyback activity is set to slow in 2020. 5. NuStar Energy (NS) downgraded to Underweight from Neutral at JPMorgan analyst Jeremy Tonet saying he sees lower return potential following the stock's "significant outperformance" year-to-date. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
GS Goldman Sachs
$189.94

6.81 (3.72%)

03/25/19
JEFF
03/25/19
NO CHANGE
JEFF
Jefferies downgrades Financials to Underweight on 'shocking' Fed meeting
Jefferies analyst Steven DeSanctis is "very surprised" by last week's Federal Reserve's decision taking rate hikes completely off table in 2019. The "shocking" Fed meeting means lower rates for longer, which is not good for Financials, DeSanctis tells investors in a research note. A "lack of catalysts and weaker earnings growth" going forward for the entire sector, not just banks, means an Underweight rating on the space makes sense, says the analyst. As such, he downgraded his rating on the Financial sector to Underweight from Market Weight. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
03/26/19
WEDB
03/26/19
NO CHANGE
WEDB
Apple Card 'a slight negative' for Visa, says Wedbush
Wedbush analyst Moshe Katri believes Apple's announcement of a physical Apple card is a "slight negative" for Outperform rated Visa (V) and a "slight positive" for Outperform rated MasterCard (MA), assuming it gains traction. The physical Apple card is a partnership with Goldman Sachs (GS) and Mastercard.
04/16/19
BMOC
04/16/19
NO CHANGE
Target $260
BMOC
Market Perform
Goldman Sachs price target lowered to $260 from $262 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on Goldman Sachs (GS) to $260 and kept his Market Perform rating after its Q1 results. The analyst says that in spite of the company's "broad-based beat", he is lowering his FY20 EPS view to $27.06 from $27.66 due to lower expected Investing and Lending net revenues along with higher credit provisions. Fotheringham prefers Morgan Stanley (MS) to Goldman Sachs since the two trade at a similar two-year-forward rolling earnings multiple, but the wealth management-oriented earnings mix of the former implies a premium that he expects to materialize.
04/17/19
ODEN
04/17/19
UPGRADE
ODEN
Hold
Goldman Sachs upgraded to Hold from Sell at Odeon Capital
Odeon Capital analyst Dick Bove upgraded Goldman Sachs to Hold from Sell following details on the company's plan to "resurrect its fortunes." Bove said Goldman has the intellectual and financial capital to make it work, but it will take years to implement.
HSBC HSBC
$41.19

0.355 (0.87%)

02/19/19
JPMS
02/19/19
DOWNGRADE
JPMS
Underweight
HSBC downgraded to Underweight on ROTE pressures at JPMorgan
As previously reported, JPMorgan analyst Raul Sinha downgraded HSBC to Underweight from Neutral as he now believes following the bank's report of its FY18 results that revenue growth pressures and investment needs could weigh on the ROTE outlook for longer than he'd previously thought. After the bank's earnings report, Sinha cut his EPS forecasts by a further 3-5% and set a 620p price target on HSBC shares.
02/19/19
LYON
02/19/19
DOWNGRADE
LYON
Outperform
HSBC downgraded to Outperform from Buy at CLSA
02/25/19
MACQ
02/25/19
DOWNGRADE
MACQ
Underperform
HSBC downgraded to Underperform from Neutral at Macquarie
05/22/19
GSCO
05/22/19
UPGRADE
GSCO
Buy
HSBC upgraded to Buy from Neutral at Goldman Sachs
INTC Intel
$44.80

1.36 (3.13%)

05/17/19
CHLM
05/17/19
DOWNGRADE
CHLM
Hold
Craig-Hallum downgrades Cray to Hold, but says bidding war possible
Craig-Hallum analyst Chad Bennett downgrade Cray (CRAY) to Hold from Buy after the company announced a deal to be acquired by HP Enterprise (HPE) for $35 per share, but he added that he thinks a bidding war is possible since he doesn't believe the stock buyout price "has even begun to value" Cray's proprietary interconnect technology and its modular software stack for next generation AI/ML workloads. He believes there could be a number of interested parties in Cray including Microsoft (MSFT), Dell (DELL), Intel (INTC), Google (GOOG), Amazon (AMZN) and potentially IBM (IBM).
05/20/19
CHLM
05/20/19
DOWNGRADE
Target $35
CHLM
Hold
Cray downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum analyst Chad Bennett downgraded Cray (CRAY) to Hold from Buy and lowered his price target on the shares to $35 from $36 after HP Enterprise (HPE) announced that it has entered into an agreement to purchase the company for $35.00 per share in cash, totaling $1.3B net of cash. The analyst believes the possibility of another buyer coming in over the top is fairly low, but notes that the price is "too low" based on the opportunities Cray has in front of it over the next few years. Furthermore, Bennett believes there would be a number of interested parties in Cray including Microsoft (MSFT), Dell (DELL), Intel (INTC), Alphabet (GOOG), Amazon (AMZN), and potentially IBM (IBM).
05/28/19
STFL
05/28/19
NO CHANGE
Target $34
STFL
Buy
AMD taking desktop CPU lead from Intel for first time, says Stifel
Stifel analyst Kevin Cassidy issued his thoughts over the weekend on the Computex opening keynote that AMD (AMD) CEO Lisa Su delivered on Sunday night, stating that she focused on AMD's strength in high performance markets including the data center, gaming, and PCs. The CEO officially announced the company's third generation Ryzen PC CPUs and next generation GPU, which "represents the first time AMD has taken the desktop CPU lead process technology and performance lead from Intel in its 50 year history," according to Cassidy. While still awaiting third-party benchmark tests, the analyst said it "seems obvious" that AMD has the lead in price/performance/watt and he expects the company to accelerate its PC market share gains. Cassidy keeps a Buy rating and $34 price target on AMD shares, which are up $2.49, or 9.4%, to $28.91 near noon.
05/28/19
RSBL
05/28/19
NO CHANGE
Target $42
RSBL
Buy
AMD keynote highlights 'astonishing' CPU leadership, says Rosenblatt
AMD (AMD) CEO Lisa Su's keynote at Taiwan's Computex show highlighted the company's "astonishing CPU leadership for years to come and a resurgent graphics roadmap," Rosenblatt analyst Hans Mosesmann told investors earlier in a research note. AMD shares are up 10% to $28.97 in midday trading. AMD is launching a series of new 7nm-based Zen2 architecture Ryzen 3000 desktops, which are set to disrupt Intel 14nm desktop central processing unit market share through 2022, contends Mosesmann. Ryzen 3000 price points are 10% to over 50% below Intel counterparts, which will place pressure on Intel selling prices, says the analyst, who keeps a Buy rating on AMD shares with a $42 price target.
JPM JPMorgan
$109.76

3.36 (3.16%)

02/28/19
BMOC
02/28/19
NO CHANGE
Target $116
BMOC
Market Perform
JPMorgan price target lowered to $116 from $123 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on JPMorgan to $116 and kept his Market Perform rating, citing the company's Investor Day presentation that lowered expectations for net interest income as well as performance of its corporate & investment bank and wealth management segments. The analyst believes that other large-cap banks, fin-tech companies, and specialty lenders offer greater opportunity, even though his price target still implies a 13% return for JPMorgan stock.
03/06/19
03/06/19
NO CHANGE

JPMorgan files $130.14M mixed securities shelf
03/19/19
KEYB
03/19/19
DOWNGRADE
KEYB
Sector Weight
Worldpay downgraded to Sector Weight after Fiserv deal at KeyBanc
As previously reported, KeyBanc analyst Josh Beck downgraded Worldpay (WP) to Sector Weight from Overweight after the company and FIS (FIS) announced a deal, quickly adding another mega-deal in the wake of Fiserv (FISV)-First Data (FDC) and Global Payments (GPN)-Heartland Payment Systems. The analyst thinks this transaction is likely to expand the M&A discussion around Global Payments, TSYS (TSS), EVO Payments (EVOP), and i3 Verticals (IIIV) and sees paths to accretion should management teams further endorse a scale strategy. Future processing competition could increase among Global Payments, TSYS, First Data, and JPMorgan (JPM), but it remains too early to gauge, he contends.
KFY Korn/Ferry
$45.36

2.275 (5.28%)

06/14/18
SIDC
06/14/18
NO CHANGE
Target $80
SIDC
Buy
Korn/Ferry price target raised to $80 from $65 at Sidoti
06/14/18
RHCO
06/14/18
NO CHANGE
Target $72
RHCO
Buy
Korn/Ferry price target raised to $72 from $60 at SunTrust
SunTrust analyst Tobey Sommer raised his price target on Korn/Ferry to $72 and kept his Buy rating, citing a "strong global demand environment" for executive search and a "leading" consulting services position. The analyst is positive on the company's initiative to bring its segments within one "master brand", complementing its efforts to grow its business within the existing customer base. Sommer also raises his FY19 EPS view to $3.60 from $3.53.
08/10/18
FBCO
08/10/18
INITIATION
Target $55
FBCO
Underperform
Korn/Ferry initiated with an Underperform at Credit Suisse
Credit Suisse analyst Kevin McVeigh initiated the Business and Professional Services sector, starting Korn/Ferry with an Underperform rating and $55 price target, telling investors that while he is impressed with the recent accelerating constant currency revenue growth and better-than-expected Hay integration, his late-cycle framework is less bullish than the market is currently discounting. McVeigh sees a less balanced risk/reward profile at current levels.
12/07/18
RHCO
12/07/18
NO CHANGE
Target $63
RHCO
Buy
Korn/Ferry price target lowered to $63 from $76 at SunTrust
SunTrust analyst Tobey Sommer lowered his price target on Korn/Ferry to $63 to reflect the lower peer group multiples, even though its Q2 results "demonstrated firm market demand and solid new business". The analyst keeps his Buy rating on the shares and adds that October was the best month in the company's history. Longer term, Sommer also sees Korn/Ferry "making share gains relative to competitors in the current executive search environment."
LAZ Lazard
$33.79

1.46 (4.52%)

01/04/19
KBWI
01/04/19
INITIATION
Target $41
KBWI
Market Perform
Lazard assumed with a Market Perform at Keefe Bruyette
Keefe Bruyette analyst Michael Brown assumed coverage of Lazard with a Market Perform rating and $41 price target. Before suspending coverage KBW had an Outperform rating on the shares.
01/08/19
WOLF
01/08/19
DOWNGRADE
WOLF
Underperform
Lazard downgraded to Underperform from Peer Perform at Wolfe Research
04/11/19
BOFA
04/11/19
DOWNGRADE
BOFA
Neutral
Lazard downgraded to Neutral from Buy at BofA/Merrill
04/11/19
04/11/19
DOWNGRADE

Neutral
Lazard, Moelis downgraded at BofA/Merrill on slowing M&A activity
As previously reported, BofA/Merrill analyst Michael Needham downgraded Lazard (LAZ) to Neutral from Buy and also downgraded Moelis (MC) by two notches to Underperform from Buy to reflect the slowdown in M&A activity, saying he expects Q1 to be the "first quarter in quite some time" when M&A advisors report lower revenues. The analyst also lowers his price targets on Lazard to $41 from $47 and on Moelis to $37 from $50, noting that deal pipelines started the year down 18%. Needham believes that while the Q2 deal pipeline should be stronger, it will still be hard for M&A advisors to meet consensus expectations, which call for average revenue growth of 8% of the next two years.
MA MasterCard
$249.22

7.03 (2.90%)

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.
04/16/19
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.
04/23/19
MSCO
04/23/19
NO CHANGE
MSCO
Overweight
Visa, MasterCard price targets raised ahead of earnings at Morgan Stanley
Morgan Stanley analyst James Faucette said his data tracker suggests slightly weaker consumer spending this quarter, particularly in international markets, indicating some deceleration in payment trends in the March quarter for Visa (V) and MasterCard (MA). However, he believes this "noise" is already reflected in Street estimates and he believes the benefits the companies are seeing from improving computing power, greater scale, secular growth drivers and "relatively resilient" consumer spending trends should persist. Ahead of the card processors' earnings reports, Faucette raised his price target on Visa to $173 from $165 and on MasterCard to $259 from $250 and he keeps Overweight ratings on both stocks.
05/03/19
KEYB
05/03/19
NO CHANGE
Target $265
KEYB
Overweight
MasterCard price target raised to $265 from $230 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for MasterCard to $265 from $230 and maintained an Overweight rating, saying assessments and incentives drove the top line above the Street's Q1 print, whiletransaction processing fees and other revenue was lower as EPS beats. Vocalink initiatives in an expanding set of countries that now includes the Phillipines and Saudi Arabia is opening up opportunities beyond the core card market, Beck tells investors in a research note, which he thinks warrants a higher multiple.
MSFT Microsoft
$123.15

3.22 (2.68%)

05/22/19
OPCO
05/22/19
NO CHANGE
Target $145
OPCO
Outperform
Microsoft restructured itself around intelligent edge cloud, says Oppenheimer
After attending the Microsoft Build Developer Conference, Oppenheimer analyst Timothy Horan notes it became obvious that the company has totally restructured itself around the intelligent edge cloud. Microsoft sees Azure as a base layer that customers use to run their applications on top of but also as a building block for its services up the software "stack" through dozens of new PaaS and SaaS offerings, he contends. The analyst adds that by running on Azure, Microsoft applications become cheaper to operate, easier to innovate, and integrate the services. He reiterates an Outperform rating and $145 price target on the shares.
05/22/19
FANA
05/22/19
NO CHANGE
Target $47
FANA
Strong Buy
Meetings with Pluralsight highlight GitPrime opportunity, says First Analysis
First Analysis analyst Corey Greendale kept his Strong Buy rating and $47 price target on Pluralsight (PS) after meeting with its management, saying the discussion highlighted opportunities around the "market expansion potential" from its GitPrime acquisition. The analyst believes that the company can generate strong free cash flow and produce organic revenue growth of over 30% as it continues to improve its sales and marketing efficiency. Greendale adds that Pluralsight managment also highlighted the "efficiency potential" of its Microsoft (MSFT) partnership.
05/29/19
DADA
05/29/19
INITIATION
Target $27
DADA
Neutral
Slack Technologies initiated with a Neutral at DA Davidson
DA Davidson analyst Rishi Jaluria initiated Slack Technologies (WORK) with a Neutral rating and a price target of $27. The analyst says he is positive on the company's "near-ubiquitous nature", large market opportunity, rapid growth, and secular tailwinds of the industry, but believes that the stock is is "fully valued" at 15-times enterprise value to his expected FY20 revenue, which is above the 12-times multiple of Slack's peer group average. Jaluria adds that with no lock up period and competition from Microsoft (MSFT) Teams, trading in Slack shares can be volatile.
05/31/19
MSCO
05/31/19
NO CHANGE
Target $145
MSCO
Overweight
Microsoft unique as share gainer in old and new 'stacks,' says Morgan Stanley
Morgan Stanley analyst Keith Weiss said Microsoft is in the unique position of being the top share gainer in the "Old Stack" software technologies, such as relational databases, while also being well positioned for several rapidly growing "New Stack" software areas, such as NoSQL databases, PaaS and Developer Planning & Automation Tools. Weiss, who reiterates an Overweight rating and $145 price target on Microsoft shares, contends that the company might be "one of the few vendors with significant Old Stack share to effectively transition for the software development future."
MS Morgan Stanley
$42.49

1.76 (4.32%)

04/18/19
SBSH
04/18/19
DOWNGRADE
Target $48
SBSH
Neutral
Morgan Stanley downgraded to Neutral from Buy at Citi
Citi analyst Keith Horowitz downgraded Morgan Stanley to Neutral from Buy with an unchanged price target of $48. The analyst finds the stock fairly valued following the company's Q1 results.
04/18/19
SBSH
04/18/19
DOWNGRADE
Target $48
SBSH
Neutral
Citi downgrades Morgan Stanley to Neutral despite 'strong' Q1 results
Citi analyst Keith Horowitz downgraded Morgan Stanley to Neutral from Buy with an unchanged price target of $48. The stock in premarket trading is down 45c to $47.81. Morgan reported "strong" Q1 results but the shares are fairly valued, Horowitz tells investors in a research note. The analyst points out the stock has outperformed peers by rallying 22% year-to-date. Though Morgan Stanley has "very high quality" franchises and the potential to continue to gain market share, "we'd rather be on the sidelines in the near-term," says Horowitz.
04/18/19
BMOC
04/18/19
NO CHANGE
Target $68
BMOC
Outperform
Morgan Stanley price target raised to $68 from $65 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Morgan Stanley to $68 and kept his Outperform rating after its "broad based" Q1 earnings beat, also raising his FY19 and FY20 EPS view by 22c and $1.11 to $5.16 and $5.95 respectively. The analyst contends that at a 2-year-forward rolling earnings multiple of 7.9-times, the market "fails to appreciate" Morgan Stanley's wealth management-rich business mix, while also pointing to the "pent-up deal pipeline" for the rest of the 2019.
04/18/19
04/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying Morgan Stanley reported "strong" Q1 results but the shares are fairly valued. 2. Snap (SNAP) downgraded to Negative from Mixed at Vertical Group and to Neutral from Outperform at Wedbush. 3. Rite Aid (RAD) downgraded with a Sell from Neutral at Guggenheim while Walgreens Boots Alliance (WBA) was downgraded with a Neutral from Buy. 4. CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill with analyst Steve Byrne saying he has spoken with 10 key channel contacts in the Cornbelt and several commented that never in their 30-plus year careers have they seen fertilizer applications this far behind, mainly due to the weather. 5. FMC Corporation (FMC) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the "uncertainty of Rynaxypyr and Cyazypyr patent expiration" as well as the reduced multiple from the recent lithium separation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
NFLX Netflix
$353.40

16.54 (4.91%)

05/13/19
PIPR
05/13/19
NO CHANGE
Target $440
PIPR
Overweight
Piper survey shows limited risk to Netflix from Disney streaming service
Piper Jaffray asked 1,536 U.S. Netflix (NFLX) subscribers if they would subscribe to both Disney's (DIS) new streaming service and Netflix, only Netflix or only Disney+, analyst Michael Olson tells investors in a research note. Piper indicated that the Disney+ price point is $7 per month, which it believes will prove to be only an introductory price. The results show that 73% of U.S. Netflix subscribers do not expect to subscribe to Disney+, 20% expect to subscribe to both services, and only 7% indicated that they will cancel Netflix and subscribe to Disney+, Olson tells investors in a research note. The results suggest Netflix's risk of share loss is limited to a small percentage of its base, concludes the analyst. As such, he expects Netflix to continue to "capture a significant portion of the tidal wave of traditional content dollars that are migrating to streaming." Olson maintains an Overweight rating on Netflix shares with a $440 price target. The stock closed Friday down $1.71 to $361.04.
06/03/19
LOOP
06/03/19
UPGRADE
Target $425
LOOP
Buy
Netflix upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Alan Gould upgraded Netflix to Buy from Hold and raised his price target for the shares to $425 from $395.
06/04/19
LOOP
06/04/19
UPGRADE
Target $425
LOOP
Buy
Loop Capital upgrades Netflix to Buy, says streaming lead 'unstoppable'
Loop Capital analyst Alan Gould last night upgraded Netflix to Buy from Hold and raised his price target for the shares to $425 from $395. The streaming service closed yesterday down $6.65 to $336.63. Netflix has built an "unstoppable lead" in subscription video streaming while the company's margin opportunity is expanding as it increasingly becomes a content producer, distributor and retailer, Gould tells investors in a research note. The analyst increased his view of 2025 earnings per power from about $28 previously to $32 currently. He now sees Netflix's operating margins increasing 240 basis points per year to 2025. The stock should attract a 25 times price-to-earnings multiple, which implies potential to almost triple the market capitalization over a five- to six-year timeframe, Gould writes.
06/04/19
06/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Buy from Hold at Loop Capital with analyst Alan Gould saying Netflix has built an "unstoppable lead" in subscription video streaming while the company's margin opportunity is expanding as it increasingly becomes a content producer, distributor and retailer. 2. Wingstop (WING) upgraded to Buy from Hold at Stifel with analyst Chris O'Cull saying the company's system sales growth will remain in mid to high teens for the foreseeable future and generate higher cash flows from increased average unit volumes thanks to its national advertising and digital ordering initiatives. 3. National Beverage (FIZZ) upgraded to Neutral from Sell at UBS with analyst Sean King citing valuation. 4. Take-Two (TTWO) upgraded to Market Perform from Underperform at BMO Capital with analyst Gerrick Johnson with the threat of an economic downturn, video game stocks will be increasingly seen as "safe havens for investors." 5. Mirati Therapeutics (MRTX) upgraded to Buy from Neutral at Citi with analyst Yigal Nochomovitz saying he believes Mirati's KRAS G12Ci has potential to exceed AMG510's 50% overall response rate in non-small cell lung cancer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WU Western Union
$20.38

1 (5.16%)

12/07/18
12/07/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zendesk (ZEN) initiated with an Outperform at Wedbush. 2. Skyworks (SWKS) and Qorvo (QRVO) were initiated with a Neutral at Susquehanna. 3. Western Union (WU) initiated with a Market Perform at Keefe Bruyette. 4. Becton Dickinson (BDX) initiated with a Buy at Deutsche Bank. 5. Keurig Dr Pepper (KDP) initiated with a Buy at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/08/19
SPHN
03/08/19
UPGRADE
Target $38
SPHN
Overweight
ACI Worldwide upgraded to Overweight from Equal Weight at Stephens
Stephens analyst Brett Huff upgraded ACI Worldwide (ACIW) to Overweight and raised his price target for the shares to $38 from $30. The analyst views the company's acquisition of Western Union's (WU) Speedpay as a "great deal." Shares of ACI only moved 3% despite its guided double-digit accretion, Huff tells investors in a research note. He believes the deal should lead to higher estimates and sees a low likelihood of another offer coming in for Speedpay.
04/30/19
04/30/19
UPGRADE
Target $152

Buy
Dollar General upgraded to Buy at Loop Capital on growth drivers
As previously reported, Loop Capital analyst Anthony Chukumba upgraded Dollar General (DG) to Buy from Hold and raised his price target to $152 from $105. The analyst contends that the company offers "compelling" revenue growth and margin expansion drivers that include the addition of Western Union (WU) services, the fresh/frozen goods distribution initiative, and its Fast Track supply chain and self-checkout initiative. Chukumba also believes that Dollar General's operating margin can expand for the first in 5 years in 2020.
05/08/19
NRCS
05/08/19
DOWNGRADE
NRCS
Neutral
Western Union downgraded to Neutral from Buy at Northcoast
Northcoast analyst Kartik Mehta downgraded Western Union to Neutral from Buy citing the company's continued revenue challenges.
UBS UBS
$11.76

0.28 (2.44%)

01/09/19
SOCG
01/09/19
DOWNGRADE
SOCG
Hold
UBS downgraded to Hold from Buy at Societe Generale
03/26/19
KBWI
03/26/19
DOWNGRADE
KBWI
Market Perform
UBS downgraded to Market Perform from Outperform at Keefe Bruyette
03/26/19
KBWI
03/26/19
DOWNGRADE
Target $13.5
KBWI
Market Perform
KBW sees 'tapered' buybacks for UBS, downgrades shares to Market Perform
UBS analyst Thomas Hallett downgraded UBS to Market Perform from Outperform and lowered his price target for the shares to $13.50 from $15.00. The stock in midday trading is up 5c to $11.86. After analyzing the events between UBS and Swiss regulator FINMA, the analyst reduced his estimates to reflect additional provisions for litigation. Hallett believes FINMA will require a temporary operational risk weight add-on in relation to litigation matters through a "staged approach." This will keep UBS' buybacks operational, "but tapered in nature," the analyst tells investors in a research note.
04/26/19
DZBN
04/26/19
DOWNGRADE
DZBN
Hold
UBS downgraded to Hold from Buy at DZ Bank
STM STMicroelectronics
$15.99

0.84 (5.54%)

02/22/19
COWN
02/22/19
INITIATION
COWN
Outperform
STMicroelectronics initiated with an Outperform at Cowen
02/22/19
COWN
02/22/19
INITIATION
Target $21
COWN
Outperform
Cowen initiates STMicroelectonrics at Outperform, says turnaround complete
As reported previously, Cowen analyst Matthew Ramsay initiated STMicroelectronics with an Outperform rating as he believes the company has navigated a successful turnaround and positioned itself as a diversified analog and digital semiconductor supplier to the automotive and industrial markets. Ramsay, who believes the stock's current valuation does not reflect the company's opportunity, has a $21 price target on STMicroelectronics shares.
02/22/19
02/22/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Nvidia (NVDA) initiated with an Overweight at Atlantic Equities. 2. United Technologies (UTX) resumed with an Overweight at JPMorgan. 3. Wabtec (WAB) initiated with a Hold at Jefferies. 4. STMicroelectronics (STM) initiated with an Outperform at Cowen. 5. Biogen (BIIB) initiated with a Market Perform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/31/19
BOFA
05/31/19
UPGRADE
BOFA
Buy
STMicroelectronics upgraded to Buy from Neutral at BofA/Merrill
SHOP Shopify
$273.93

9.255 (3.50%)

05/14/19
BARD
05/14/19
NO CHANGE
Target $269
BARD
Outperform
Baird reiterates Outperform on Shopify following management meetings
After hosting "well-attended" investor meetings with Shopify management, Baird analyst Colin Sebastian reiterates an Outperform rating on the shares with a $269 price target. Shopify continues to benefit from positive network effects, driven by data aggregated on the platform that enables continuous improvement of services plus the addition of new services, Sebastian tells investors in a research note. He points out that management highlighted stable cohort revenue trends, a large and increasing total addressable market, and robust product development. Sebastian says the meetings helped reinforce his view that Shopify is building a "sustainable and differentiated high-value e-commerce platform."
05/14/19
MSCO
05/14/19
DOWNGRADE
MSCO
Underweight
Shopify downgraded to Underweight from Equal Weight at Morgan Stanley
05/14/19
MSCO
05/14/19
DOWNGRADE
Target $209
MSCO
Underweight
Morgan Stanley says Shopify model overvalued, downgrades to Underweight
Morgan Stanley analyst Brian Essex downgraded Shopify to Underweight from Equal Weight, citing his view that the stock is not deserving of the same multiple as high-growth U.S. Software-as-a-Service companies as less than half of Shopify's revenue comes from subscriptions. Most of Shopify's revenue is transaction-based and its mix is shifting increasingly toward transaction-based revenue, said Essex, who adds that he thinks investors are overpaying for Shopify's Merchant Solutions business at the stock's current valuation. Essex raised his price target on Shopify shares to $209 from $173, however, as he changed his valuation framework to sum-of-the-parts from discounted cash flow.
05/14/19
05/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Solid Biosciences (SLDB) downgraded to Underperform from Neutral at Credit Suisse, to Sell from Neutral at Goldman Sachs, and to Neutral from Buy at Chardan. 2. Shopify (SHOP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Essex citing his view that the stock is not deserving of the same multiple as high-growth U.S. 3. Deere (DE) downgraded to Underweight from Neutral at JPMorgan with analyst Ann Duignan saying she sees "rapidly deteriorating" fundamentals in U.S. agriculture. 4. G-III Apparel (GIII) and Steven Madden (SHOO) downgraded to Neutral from Overweight at Piper Jaffray. 5. Insys Therapeutics (INSY) downgraded to Neutral from Buy at Janney Montgomery Scott. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SC Santander Consumer
$23.18

0.625 (2.77%)

04/16/19
JPMS
04/16/19
UPGRADE
Target $23
JPMS
Neutral
Santander Consumer upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Richard Shane upgraded Santander Consumer (SC) to Neutral from Underweight and raised his price target for the shares to $23 from $20. The analyst remains constructive on the U.S. consumer into the second half of 2019 as he believes "strong" labor markets and wage growth "provide a stable foundation for credit." Santander Consumer is positioned to announce a "significant" return of capital heading into the Q1 reporting season, Shane tells investors in a research note. Discover Financial (DFS) is the analyst's best idea in the group over the next 12 to 18 months.
04/22/19
PIPR
04/22/19
DOWNGRADE
Target $24
PIPR
Neutral
Santander Consumer downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Kevin Barker downgraded Santander Consumer USA Holdings to Neutral from Overweight with an unchanged price target of $24. While a potential takeout "remains on the table," valuation and credit metrics "are no longer as compelling," Barker tells investors in a research note. As such, the analyst believes upside for the stock "is limited outside of a takeout scenario."
05/06/19
COMP
05/06/19
DOWNGRADE
Target $23
COMP
Neutral
Santander Consumer downgraded to Neutral from Buy at Compass Point
Compass Point analyst William Ryan downgraded Santander Consumer to Neutral from Buy, stating that management seemed to temper expectations for a much larger capital return along with the company's Q1 report. He has also slightly reduced his 2019 and 2020 estimates following the Q1 report, Ryan noted. Given the changes in capital return assumptions and estimates, Ryan lowered his price target on the stock to $23 from $24.
05/14/19
JEFF
05/14/19
NO CHANGE
Target $25
JEFF
Buy
Santander Consumer removed from Franchise Pick list at Jefferies
Jefferies analyst John Hecht removed Santander Consumer USA Holdings from his firm's Franchise Pick list saying many of the catalysts behind putting the company on the list have played out. He believes capital return expectations have caught up with what he expects the company to pay out through Q2 of 2020. The analyst, however, remains favorable on Santander Consumer with a Buy rating and $25 price target.
PYPL PayPal
$108.75

3.42 (3.25%)

05/06/19
BTIG
05/06/19
NO CHANGE
Target $130
BTIG
Buy
PayPal price target raised to $130 from $114 at BTIG
BTIG analyst Mark Palmer raised his price target on PayPal to $130 and kept his Buy rating, saying that while the stock has rallied over 45% since its December low, the company's "operational momentum", expanding margins, and robust total payment volume growth warrant a higher valuation. Among the drivers, the analyst cites the monetization progress at Venmo, significant optionality of PayPal's $9.5B cash balance and strong free cash flows, continued rapid growth of active accounts, and rising customer engagement. Palmer is also positive on the company's accelerating international expansion and the opportunity that comes with progress toward in-store payments following its acquisition of iZettle.
05/21/19
BOFA
05/21/19
NO CHANGE
BOFA
FIS, Diamondback Energy added to US 1 List, PayPal removed at BofA/Merrill
05/28/19
CHLM
05/28/19
NO CHANGE
Target $125
CHLM
Buy
Facebook crypto, Marketplace could drive growth for PayPal, says Craig-Hallum
Craig-Hallum analyst Brad Berning notes that investors have been worried about the impact of PayPal (PYPL) losing eBay (EBAY) and missing out on market share opportunities by not participating in Amazon's (AMZN) platform. However, the analyst points out that Facebook's (FB) crypto currency may be coming sooner than expected, which will have large implications for the payments industry as Facebook looks to co-op partners for loading payments, processing FX settlements, and providing exit points to spend the money in cash, crypto, digital wallets and cards networks. Additionally, Berning believes Facebook's Marketplace initiative could be a large positive for PayPal, with the potential to sustain its strong TPV growth rate in the 2021/2022 timeframe, despite eBay unwinding starting in the second half of 2020. The analyst reiterates a Buy rating and $125 price target on PayPal's shares.
05/30/19
BMOC
05/30/19
NO CHANGE
Target $121
BMOC
Market Perform
TSYS price target raised to $121 from $103 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on TSYS (TSS) to $121 after its merger-of-equals with Global Payments (GPN) announcement. The analyst is also keeping his Market Perform rating after the 20% deal-related run-up in TSYS shares which demonstrated the "attractiveness of merchant acquirers and the benefits of scale." Fotheringham notes that from current levels, there is greater potential in other financial technology names under his coverage like Visa (V) and Paypal (PYPL).

TODAY'S FREE FLY STORIES

SYF

Synchrony

$33.97

0.48 (1.43%)

, SLB

Schlumberger

$31.90

-0.06 (-0.19%)

20:25
10/17/19
10/17
20:25
10/17/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

SYF

Synchrony

$33.97

0.48 (1.43%)

SLB

Schlumberger

$31.90

-0.06 (-0.19%)

AXP

American Express

$119.17

1.76 (1.50%)

KO

Coca-Cola

$53.80

0.31 (0.58%)

STT

State Street

$59.71

0.57 (0.96%)

CFG

Citizens Financial

$35.01

-0.12 (-0.34%)

KSU

Kansas City Southern

$135.33

1.04 (0.77%)

GNTX

Gentex

$27.57

-0.01 (-0.04%)

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

  • 17

    Oct

  • 18

    Oct

  • 18

    Oct

  • 18

    Oct

  • 18

    Oct

  • 18

    Oct

  • 18

    Oct

  • 18

    Oct

  • 18

    Oct

  • 27

    Oct

  • 04

    Nov

  • 13

    Nov

  • 06

    Dec

PLSE

Pulse Biosciences

$14.52

0.525 (3.75%)

20:10
10/17/19
10/17
20:10
10/17/19
20:10
Hot Stocks
Pulse Biosciences to present data from studies of nano-pulse stimulation at ASDS »

Pulse Biosciences…

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

TW

Tradeweb Markets

$43.20

0.87 (2.06%)

19:50
10/17/19
10/17
19:50
10/17/19
19:50
Syndicate
Tradeweb Markets 17.29M share Secondary priced at $42.00 »

The deal size was…

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

  • 07

    Nov

  • 18

    Oct

SWDAF

Software AG

$0.00

(0.00%)

19:33
10/17/19
10/17
19:33
10/17/19
19:33
Upgrade
Software AG rating change at Goldman Sachs »

Software AG upgraded 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

PBR

Petrobras

$14.43

-0.22 (-1.50%)

18:57
10/17/19
10/17
18:57
10/17/19
18:57
Hot Stocks
Petrobras reports Q3 production 2.878M boepd, up 9.3% »

Petrobras said it posted…

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

  • 25

    Oct

MRTN

Marten Transport

$21.52

0.31 (1.46%)

, ISRG

Intuitive Surgical

$529.22

-1.25 (-0.24%)

18:49
10/17/19
10/17
18:49
10/17/19
18:49
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

MRTN

Marten Transport

$21.52

0.31 (1.46%)

ISRG

Intuitive Surgical

$529.22

-1.25 (-0.24%)

ETFC

E-Trade

$39.04

0.02 (0.05%)

WAL

Western Alliance

$46.24

0.53 (1.16%)

TEAM

Atlassian

$122.43

-1.91 (-1.54%)

PRTK

Paratek Pharmaceuticals

$3.46

0.05 (1.47%)

GIL

Gildan Activewear

$35.38

0.095 (0.27%)

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

EXPO

Exponent

$70.82

1.34 (1.93%)

WDFC

WD-40

$182.75

2.41 (1.34%)

VICR

Vicor Corporation

$32.78

1.16 (3.67%)

OZK

Bank OZK

$28.32

0.03 (0.11%)

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

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 17

    Oct

  • 18

    Oct

  • 18

    Oct

  • 18

    Oct

  • 19

    Oct

  • 27

    Oct

  • 29

    Oct

  • 30

    Oct

  • 31

    Oct

  • 31

    Oct

  • 06

    Nov

  • 13

    Nov

  • 13

    Nov

  • 19

    Nov

  • 19

    Nov

  • 22

    Nov

ARWR

Arrowhead

$36.61

2.11 (6.12%)

, AMGN

Amgen

$203.60

0.32 (0.16%)

18:43
10/17/19
10/17
18:43
10/17/19
18:43
Hot Stocks
Arrowhead CEO: We can silence a single gene »

In an interview on…

ARWR

Arrowhead

$36.61

2.11 (6.12%)

AMGN

Amgen

$203.60

0.32 (0.16%)

JNJ

Johnson & Johnson

$136.20

1 (0.74%)

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

  • 29

    Oct

  • 06

    Nov

  • 07

    Dec

SXT

Sensient

$66.57

0.4 (0.60%)

18:32
10/17/19
10/17
18:32
10/17/19
18:32
Hot Stocks
Sensient raises quarterly dividend 8.3% to 39c per share »

The board of directors of…

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

  • 18

    Oct

T

AT&T

$37.82

0.03 (0.08%)

18:31
10/17/19
10/17
18:31
10/17/19
18:31
Periodicals
HBO Max to stream Studio Ghibli films, Reuters says »

AT&T's upcoming…

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

  • 28

    Oct

  • 29

    Oct

  • 18

    Nov

  • 19

    Nov

OMAB

OMA

$52.10

0.47 (0.91%)

18:19
10/17/19
10/17
18:19
10/17/19
18:19
Earnings
OMA reports Q3 net income MXN858M vs. MXN725M last year »

Reports Q3 revenue…

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

  • 18

    Oct

MAR

Marriott

$120.57

-0.55 (-0.45%)

18:13
10/17/19
10/17
18:13
10/17/19
18:13
Periodicals
Marriott near deal for Elegant Hotels valued up to GBP1 / shr, Bloomberg says »

The report states that…

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

  • 05

    Nov

SPY

SPDR S&P 500 ETF Trust

$299.19

0.78 (0.26%)

, SPX

S&P 500

$0.00

(0.00%)

18:08
10/17/19
10/17
18:08
10/17/19
18:08
General news
NY Fed's Williams Condition in money markets highly volatile over past month »

Williams says:…

SPY

SPDR S&P 500 ETF Trust

$299.19

0.78 (0.26%)

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

GM

General Motors

$36.20

-0.45 (-1.23%)

17:47
10/17/19
10/17
17:47
10/17/19
17:47
Periodicals
GM strike to continue until deal with UAW is ratified, WSJ says »

United Auto Workers union…

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

  • 29

    Oct

T

AT&T

$37.82

0.03 (0.08%)

17:37
10/17/19
10/17
17:37
10/17/19
17:37
Periodicals
AT&T, Elliott Management in talks to resolve activist campaign, WSJ reports »

AT&T is in talks with…

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

  • 28

    Oct

  • 29

    Oct

  • 18

    Nov

  • 19

    Nov

WAL

Western Alliance

$46.24

0.53 (1.16%)

17:27
10/17/19
10/17
17:27
10/17/19
17:27
Earnings
Western Alliance reports Q3 EPS $1.24, consensus $1.19 »

Reports Q3 revenue…

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

  • 18

    Oct

  • 30

    Oct

  • 31

    Oct

  • 06

    Nov

RNLSY

Renault

$0.00

(0.00%)

17:25
10/17/19
10/17
17:25
10/17/19
17:25
Downgrade
Renault rating change at Deutsche Bank »

Renault 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

LOVE

Lovesac

$19.10

0.63 (3.41%)

17:24
10/17/19
10/17
17:24
10/17/19
17:24
Hot Stocks
Park West Management reports 5.1% passive stake in Lovesac »

Park West Management…

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

  • 17

    Dec

T

AT&T

$37.82

0.03 (0.08%)

17:24
10/17/19
10/17
17:24
10/17/19
17:24
Periodicals
Breaking Periodicals news story on AT&T »

AT&T in discussions…

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

  • 28

    Oct

  • 29

    Oct

  • 18

    Nov

  • 19

    Nov

ATVI

Activision Blizzard

$55.60

0.01 (0.02%)

17:16
10/17/19
10/17
17:16
10/17/19
17:16
Hot Stocks
Activision says Call of Duty to get 'battle pass' feature, 'not loot box system' »

Activision's Call of…

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

  • 18

    Oct

  • 07

    Nov

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:11
10/17/19
10/17
17:11
10/17/19
17:11
Hot Stocks
Brandywine Realty sees FY19 year-end core occupancy at 94%-95% »

Also sees FY20 year-end…

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

  • 18

    Oct

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:10
10/17/19
10/17
17:10
10/17/19
17:10
Hot Stocks
Brandywine Realty reports Q3 same-store net operating income up 0.6% »

Reports Q3 occupancy…

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

  • 18

    Oct

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:09
10/17/19
10/17
17:09
10/17/19
17:09
Earnings
Brandywine Realty sees FY20 initial FFO $1.41-$1.51, consensus $1.46 »

Sees FY20 same-store net…

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

  • 18

    Oct

GIL

Gildan Activewear

$35.38

0.095 (0.27%)

17:08
10/17/19
10/17
17:08
10/17/19
17:08
Earnings
Gildan Activewear cuts FY19 adj. EPS view to $1.65-$1.70 from $1.95-$2.00 »

Consensus $1.97. Cuts…

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

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
10/17
17:07
10/17/19
17:07
Earnings
Brandywine Realty narrows FY19 FFO guidance to $1.41-$1.43 from $1.40-$1.44 

Consensus $1.42.

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

  • 18

    Oct

BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
10/17
17:07
10/17/19
17:07
Earnings
Brandywine Realty reports Q3 FFO 36c, consensus 36c »

Reports Q3 revenue…

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

  • 18

    Oct

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.