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BK

BNY Mellon

$43.95

-0.54 (-1.21%)

06:36
06/18/19
06/18
06:36
06/18/19
06:36

BNY Mellon downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst Brian Bedell downgraded Charles Schwab to Hold from Buy and lowered his price target for the shares to $44 from $50. The analyst is downgrading some interest rate sensitive stocks in the Brokers and Asset Managers space ahead of the Q2 reporting season.

  • 17

    Jul

  • 06

    Aug

BK BNY Mellon
$43.95

-0.54 (-1.21%)

10/19/18
10/19/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Las Vegas Sands (LVS) downgraded to Buy from Conviction Buy at Goldman Sachs. 2. eBay (EBAY) downgraded to Hold from Buy at Stifel with analyst Scott Devitt saying PayPal's (PYPL) earnings release last night suggested weak eBay gross merchandise volume trends in Q3. 3. Ford (F) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Adam Jonas saying he now believes the market needs more evidence of success before embracing the Ford restructuring story. 4. BNY Mellon (BK) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Brian Kleinhanzl saying while the company beat estimates this quarter, several line items were weaker than expectations. 5. Harley-Davidson (HOG) downgraded to Market Perform from Outperform at BMO Capital with analyst Gerrick Johnson saying his previously expected catalysts for sales and earnings did not materialize. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/08/19
JEFF
01/08/19
DOWNGRADE
Target $91
JEFF
Hold
Jefferies cuts trust bank estimates, downgrades Northern Trust to Hold
Jefferies analyst Ken Usdin downgraded Northern Trust (NTRS) to Hold from Buy and lowered his price target for the shares to $91 from $121. The sharp Q4 decline in market levels weighs on trust banks' revenue estimates, Usdin tells investors in a research note. He downgraded Northern Trust with his 2020 earnings estimate now 7% below consensus. Trust bank valuations remain below historical averages, but slower organic growth and "less macro help" are challenges, says the analyst. He also lowered his price target for Hold-rated BNY Mellon (BK) to $50 and Hold-rated State Street (STT) to $70.
01/09/19
SBSH
01/09/19
DOWNGRADE
Target $52
SBSH
Neutral
BNY Mellon downgraded to Neutral from Buy at Citi
Citi analyst Keith Horowitz downgraded BNY Mellon to Neutral with a $52 price target. The analyst believes the company's valuation relative to peers has gotten full and says he cannot justify a strong case for 15% plus upside from current levels. He views BK as fairly valued at current prices.
04/18/19
RBCM
04/18/19
NO CHANGE
Target $52
RBCM
Sector Perform
BNY Mellon price target lowered to $52 from $58 at RBC Capital
RBC Capital analyst Gerard Cassidy lowered his price target on BNY Mellon to $52 and kept his Sector Perform rating, saying the company hit an "air pocket" in Q1 as revenues underperformed expectations due to pricing pressure and negative core business trends. The analyst notes that BNY Mellon is "focused on optimizing profitability through organic growth" but the stock may continued trading at the lower end of its historical multiple range until there is an improvement in pricing, a more benign outlook for interest rates, and more consistent positive operating leverage.

TODAY'S FREE FLY STORIES

13:25
07/19/19
07/19
13:25
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13:25
Conference/Events
JPMorgan auto/auto parts analyst to hold an analyst/industry conference call »

Autos & Auto Parts…

SPY

SPDR S&P 500 ETF Trust

$299.19

0.33 (0.11%)

, IVV

iShares Core S&P 500

$300.90

0.3 (0.10%)

13:18
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On The Fly: Weekly technical notes for S&P 500 »

For the past week ETF…

SPY

SPDR S&P 500 ETF Trust

$299.19

0.33 (0.11%)

IVV

iShares Core S&P 500

$300.90

0.3 (0.10%)

VOO

Vanguard S&P 500 ETF

$274.75

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XLP

Consumer Staples Sector SPDR

$60.37

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GLD

SPDR Gold Shares

$134.56

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iShares 7-10 Year Treasury Bond ETF

$109.67

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Vanguard Extended Market Index Fund

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$NSD

NASDAQ Market Internals

$0.00

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13:17
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$NYE

NYSE Market Internals

$0.00

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13:16
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EGO

Eldorado Gold

$7.80

-0.03 (-0.38%)

13:15
07/19/19
07/19
13:15
07/19/19
13:15
Options
Eldorado Gold put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 02

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SCBFF

Standard Chartered

$0.00

(0.00%)

13:07
07/19/19
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13:07
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13:07
Periodicals
Standard Chartered accused of handling $56.8B in illegal Iran deals, FT says »

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PSIX

Power Solutions

$0.00

(0.00%)

13:06
07/19/19
07/19
13:06
07/19/19
13:06
Hot Stocks
Former Power Solutions CEO charged with accounting fraud »

The Securities and…

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AMC

AMC Entertainment

$10.38

0.765 (7.96%)

13:05
07/19/19
07/19
13:05
07/19/19
13:05
Options
AMC Entertainment call volume above normal and directionally bullish »

Bullish option flow…

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  • 05

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13:04
07/19/19
07/19
13:04
07/19/19
13:04
General news
Baker-Hughes Rig Count N. Amer. data reported »

Week of 7/19 Baker-Hughes…

BHGE

Baker Hughes

$23.65

0.34 (1.46%)

13:01
07/19/19
07/19
13:01
07/19/19
13:01
Hot Stocks
Baker Hughes reports U.S. rig count down 4 to 954 rigs »

Baker Hughes reports that…

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  • 31

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12:45
07/19/19
07/19
12:45
07/19/19
12:45
General news
Breaking General news story  »

Week of 7/19 Baker-Hughes…

LYFT

Lyft

$67.78

1.74 (2.63%)

12:43
07/19/19
07/19
12:43
07/19/19
12:43
Hot Stocks
Lyft announces new airport pickup feature starting July 20 at LGA »

In a blog post, Lyft…

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  • 07

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    Aug

WMT

Walmart

$114.81

0.13 (0.11%)

12:41
07/19/19
07/19
12:41
07/19/19
12:41
Periodicals
Walmart to shuffle executives to further integrate stores and digital, CNBC says »

Walmart is shuffling its…

03/08/13
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  • 15

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    Nov

WMT

Walmart

$114.83

0.15 (0.13%)

12:36
07/19/19
07/19
12:36
07/19/19
12:36
Periodicals
Walmart to shuffle executives to further integrate stores and digital, CNBC says »

CNBC's Courtney…

03/08/13
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  • 15

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  • 13

    Nov

NFLX

Netflix

$321.59

-3.55 (-1.09%)

12:29
07/19/19
07/19
12:29
07/19/19
12:29
Periodicals
Eddie Murphy in talks with Netflix over comedy specials, TMZ reports »

Comedian and actor Eddie…

03/08/13
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03/08/13
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  • 03

    Aug

FL

Foot Locker

$42.72

0.35 (0.83%)

12:25
07/19/19
07/19
12:25
07/19/19
12:25
Options
Foot Locker call volume above normal and directionally bullish »

Bullish option flow…

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  • 23

    Aug

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    Sep

DIS

Disney

$141.00

-0.62 (-0.44%)

, SNE

Sony

$53.93

-0.02 (-0.04%)

12:21
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07/19
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On The Fly
Box Office Battle: 'Lion King' expected to claim this weekend's throne »

Welcome to "Box Office…

DIS

Disney

$141.00

-0.62 (-0.44%)

SNE

Sony

$53.93

-0.02 (-0.04%)

T

AT&T

$32.91

-0.185 (-0.56%)

CBS

CBS

$51.32

-0.02 (-0.04%)

CMCSA

Comcast

$44.14

-0.42 (-0.94%)

CMCSK

Comcast

$0.00

(0.00%)

LGF.A

Lionsgate

$11.72

0.14 (1.21%)

LGF.B

Lionsgate

$11.05

0.03 (0.27%)

VIA

Viacom

$35.39

0.39 (1.11%)

VIAB

Viacom

$30.79

0.2 (0.65%)

03/08/13
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  • 24

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    Aug

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    Aug

  • 08

    Aug

12:21
07/19/19
07/19
12:21
07/19/19
12:21
Conference/Events
Wolfe Research utilities/midstream analyst to hold a group luncheon »

Utilities & Midstream…

AMRX

Amneal Pharmaceuticals

$3.35

-0.04 (-1.18%)

, BMY

Bristol-Myers

$43.57

-0.47 (-1.07%)

12:18
07/19/19
07/19
12:18
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Hot Stocks
Amneal Pharmaceuticals granted tentative FDA approval of Apremilast »

Amneal Pharmaceuticals…

AMRX

Amneal Pharmaceuticals

$3.35

-0.04 (-1.18%)

BMY

Bristol-Myers

$43.57

-0.47 (-1.07%)

CELG

Celgene

$90.39

-0.51 (-0.56%)

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  • 19

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  • 04

    Apr

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
07/19/19
07/19
12:17
07/19/19
12:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
07/19/19
07/19
12:16
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NYSE market internals summary »

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YGTY

SSLJ.com

$1.18

-0.12 (-9.23%)

12:15
07/19/19
07/19
12:15
07/19/19
12:15
Hot Stocks
Breaking Hot Stocks news story on SSLJ.com »

SSLJ com Ltd (Class A…

03/08/13
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BA

Boeing

$374.39

13.22 (3.66%)

, MSFT

Microsoft

$138.27

1.98 (1.45%)

12:10
07/19/19
07/19
12:10
07/19/19
12:10
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks are modestly…

BA

Boeing

$374.39

13.22 (3.66%)

MSFT

Microsoft

$138.27

1.98 (1.45%)

AXP

American Express

$125.00

-3.4 (-2.65%)

GCI

Gannett

$9.62

1.72 (21.77%)

CRWD

Crowdstrike

$83.30

10.55 (14.50%)

SKX

Skechers

$39.35

4.6 (13.24%)

MIK

Michaels

$7.75

-0.62 (-7.41%)

PACB

Pacific Biosciences

$5.23

-0.64 (-10.90%)

ILMN

Illumina

$291.57

-6.97 (-2.33%)

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  • 19

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    Nov

CMI

Cummins

$170.04

2.08 (1.24%)

, VWAGY

Volkswagen

$0.00

(0.00%)

12:06
07/19/19
07/19
12:06
07/19/19
12:06
Periodicals
Cummins makes bid for VW's MAN Energy Solutions unit, Reuters says »

Cummins (CMI) has made an…

CMI

Cummins

$170.04

2.08 (1.24%)

VWAGY

Volkswagen

$0.00

(0.00%)

03/08/13
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  • 30

    Jul

  • 06

    Aug

SSRM

SSR Mining

$15.69

-0.04 (-0.25%)

12:05
07/19/19
07/19
12:05
07/19/19
12:05
Options
SSR Mining call volume above normal and directionally bullish »

Bullish option flow…

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  • 09

    Aug

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