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BHF

Brighthouse Financial

$38.10

-0.01 (-0.03%)

07:52
06/25/19
06/25
07:52
06/25/19
07:52

Brighthouse Financial downgraded to Underperform on risk at Credit Suisse

As previously reported, Credit Suisse analyst Andrew Kligerman downgraded Brighthouse Financial to Underperform from Neutral on risk, and lowered his price target on the shares to $22 from $35. The analyst believes the stock appears expensive given its volatile distributable earnings and new accounting pressure.

BHF Brighthouse Financial
$38.10

-0.01 (-0.03%)

06/25/19
GSCO
06/25/19
DOWNGRADE
Target $32
GSCO
Sell
Brighthouse Financial downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Alex Scott downgraded Brighthouse Financial to Sell from Neutral and lowered his price target on the shares to $32 from $39 as he believes the company's capital plans may come under pressure. Lower interest rates may result in little to no distributable earnings from the variable annuity business, he does not see a material redundancy in the universal life captive and there is still regulatory risk from the updated VA Capital Reform and deductible approach to hedging, all of which will make it harder for subsidiary Brighthouse Life Insurance to begin making ordinary cash remittances to the holding company, Scott tells investors.
06/25/19
FBCO
06/25/19
DOWNGRADE
Target $22
FBCO
Underperform
Brighthouse Financial downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Andrew Kligerman downgraded Brighthouse Financial to Underperform from Neutral and cut the price target to $22 from $35.
06/03/19
SBSH
06/03/19
NO CHANGE
SBSH
Citi recommends focusing on pair trades in Life Insurance
Citi analyst Suneet Kamath believes investors should consider pair trades within the U.S. Life & Health Insurance space. The analyst favors Voya Financial (VOYA) over Principal Financial Group (PFG), Lincoln National (LNC) over Brighthouse Financial (BHF), and Reinsurance Group (RGA) over Aflac (AFL).
04/04/19
04/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Micron (MU) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Joseph Moore saying the company's fundamentals have not changed but the stock has rallied amid recent optimism as cloud demand has started to come back and a competitor has experienced a "minor product qualification challenge." 2. Brighthouse Financial (BHF) downgraded to Sell from Neutral at Citi with analyst Suneet Kamat saying the recent decline in long-term interest rates and the forward curve could negatively impact Brighthouse's ability to generate free cash flow from its variable annuity business. 3. Altaba (AABA) downgraded to Neutral from Overweight at JPMorgan with analyst Douglas Anmuth saying Altaba yesterday announced its board approved plans for a voluntary liquidation and dissolution, with total distributions paid expected between $76.62 and $79.22 per share, which represents ~5-9% upside from current levels. 4. Comerica (CMA) downgraded to Neutral from Overweight at JPMorgan and to Neutral from Buy at Goldman Sachs. 5. Roku (ROKU) downgraded to Neutral from Buy at Guggenheim with analyst Michael Morris saying Apple's (AAPL) video product unveiled on March 25 represents an additional risk to Roku's active user base. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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12:16
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NYSE market internals summary »

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RRC

Range Resources

$5.69

-0.31 (-5.17%)

12:15
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12:15
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Options
Range Resources put volume heavy and directionally bearish »

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SPX

S&P 500

$0.00

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, SPY

SPDR S&P 500 ETF Trust

$300.28

-0.5 (-0.17%)

12:06
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12:06
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Trump says trade deal with China has long way to go, CNBC reports »

President Trump told…

SPX

S&P 500

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SPY

SPDR S&P 500 ETF Trust

$300.28

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LBTYA

Liberty Global

$26.47

-0.01 (-0.04%)

12:05
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07/16
12:05
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12:05
Options
Liberty Global call volume above normal and directionally bullish »

Bullish option flow…

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12:05
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General news
Breaking General news story  »

Dallas Federal Reserve…

GIGA

Giga-tronics

$0.00

(0.00%)

, LMT

Lockheed Martin

$366.99

-0.66 (-0.18%)

12:00
07/16/19
07/16
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Hot Stocks
Giga-tronics receives orders totaling $3.74M from Lockheed and Raytheon »

Giga-tronics (GIGA)…

GIGA

Giga-tronics

$0.00

(0.00%)

LMT

Lockheed Martin

$366.99

-0.66 (-0.18%)

RTN

Raytheon

$178.90

0.82 (0.46%)

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TV

Televisa

$9.02

-0.57 (-5.94%)

12:00
07/16/19
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Hot Stocks
Televisa falls -5.9% »

Televisa is down -5.9%,…

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DPZ

Domino's Pizza

$250.00

-19.97 (-7.40%)

12:00
07/16/19
07/16
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12:00
Hot Stocks
Domino's Pizza falls -7.4% »

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  • 16

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$16.06

-1.92 (-10.68%)

12:00
07/16/19
07/16
12:00
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12:00
Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -10.8% »

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FSM

Fortuna Silver Mines

$3.12

0.335 (12.03%)

12:00
07/16/19
07/16
12:00
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12:00
Hot Stocks
Fortuna Silver Mines rises 12.4% »

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GCAP

Gain Capital

$4.70

0.67 (16.63%)

12:00
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07/16
12:00
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12:00
Hot Stocks
Gain Capital rises 16.6% »

Gain Capital is up 16.6%,…

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  • 25

    Jul

APRN

Blue Apron

$11.04

3.39 (44.31%)

12:00
07/16/19
07/16
12:00
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12:00
Hot Stocks
Blue Apron rises 43.6% »

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  • 06

    Aug

11:55
07/16/19
07/16
11:55
07/16/19
11:55
Conference/Events
Stephens restaurants analyst to hold a luncheon meeting »

Restaurants Analyst…

PAAS

Pan American Silver

$13.84

0.66 (5.01%)

11:45
07/16/19
07/16
11:45
07/16/19
11:45
Options
Pan American Silver call volume above normal and directionally bullish »

Bullish option flow…

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  • 08

    Aug

11:45
07/16/19
07/16
11:45
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11:45
General news
Treasury's $26 B 52-week bill auction was ok »

Treasury's $26 B…

KMT

Kennametal

$35.00

0.205 (0.59%)

, CGNX

Cognex

$42.63

0.13 (0.31%)

11:36
07/16/19
07/16
11:36
07/16/19
11:36
On The Fly
Home Depot, FactSet downgrades among today's top analyst calls »

Check out today's top…

KMT

Kennametal

$35.00

0.205 (0.59%)

CGNX

Cognex

$42.63

0.13 (0.31%)

PH

Parker-Hannifin

$171.02

3.34 (1.99%)

TKR

Timken

$48.49

0.8 (1.68%)

HD

Home Depot

$218.00

-0.71 (-0.32%)

FDS

FactSet

$283.55

-10.69 (-3.63%)

LH

LabCorp

$174.89

0.345 (0.20%)

MU

Micron

$43.47

-0.94 (-2.12%)

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11:36
07/16/19
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General news
52-Week Bill Auction Bid/Cover data reported »

52-Week Bill Auction…

11:36
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General news
52-Week Bill Auction Total Amount data reported »

52-Week Bill Auction…

GCAP

Gain Capital

$4.82

0.79 (19.60%)

11:35
07/16/19
07/16
11:35
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11:35
Periodicals
Gain Capital declines comment to Bloomberg on speculation of talks with Plus500 »

Bloomberg cites an email…

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  • 25

    Jul

QEP

QEP Resources

$6.64

-0.12 (-1.78%)

11:35
07/16/19
07/16
11:35
07/16/19
11:35
Options
QEP Resources put volume heavy and directionally bearish »

Bearish flow noted in QEP…

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BZUN

Baozun

$55.60

2.08 (3.89%)

11:25
07/16/19
07/16
11:25
07/16/19
11:25
Options
Baozun call volume above normal and directionally bullish »

Bullish option flow…

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PANW

Palo Alto Networks

$220.95

1.53 (0.70%)

, FEYE

FireEye

$15.41

0.08 (0.52%)

11:25
07/16/19
07/16
11:25
07/16/19
11:25
Conference/Events
FBN Securities network security/IT security to hold a luncheon meeting »

Analysts hold a group…

PANW

Palo Alto Networks

$220.95

1.53 (0.70%)

FEYE

FireEye

$15.41

0.08 (0.52%)

FTNT

Fortinet

$84.85

-0.13 (-0.15%)

CHKP

Check Point

$115.99

-1.62 (-1.38%)

CSCO

Cisco

$58.11

0.07 (0.12%)

EMC

EMC

$0.00

(0.00%)

VMW

VMware

$174.38

2.16 (1.25%)

CTXS

Citrix

$101.03

-0.52 (-0.51%)

03/08/13
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  • 16

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    Aug

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    Aug

  • 09

    Sep

UNTY

Unity Bancorp

$21.10

(0.00%)

11:23
07/16/19
07/16
11:23
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11:23
Hot Stocks
Unity Bancorp approves share repurchase program up to 525,000 shares »

Unity Bancorp announced…

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GOOG

Alphabet

$1,157.00

6.61 (0.57%)

11:22
07/16/19
07/16
11:22
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11:22
Conference/Events
Senate Judiciary Committee to hold a hearing »

The Subcommittee on the…

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