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CMA

Comerica

$71.46

-1.18 (-1.62%)

06:19
07/11/19
07/11
06:19
07/11/19
06:19

Comerica downgraded to Underperform from Buy at BofA/Merrill

  • 17

    Jul

  • 26

    Aug

CMA Comerica
$71.46

-1.18 (-1.62%)

04/17/19
RAJA
04/17/19
DOWNGRADE
Target $87
RAJA
Outperform
Comerica downgraded to Outperform from Strong Buy at Raymond James
Raymond James analyst Michael Rose downgraded Comerica to Outperform from Strong Buy and trimmed its price target to $87 from $92 citing the revision in outlook/guidance resulting in a reduction in forward earnings estimates. Rose continues to view Comerica risk/reward as favorable given ongoing benefits from its "Gear Up" initiative, expense control, benign credit trends, and outsized capital return, but has less conviction on upside due to a more challenging interest rate backdrop and deposit growth/pricing environment.
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.
07/02/19
GSCO
07/02/19
DOWNGRADE
Target $70
GSCO
Sell
Comerica downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Ryan Nash downgraded Comerica to Sell from Neutral and lowered his price target for the shares to $70 from $86. While they "trade cheap" to the Regional Bank group on stated consensus earnings, Comerica's shares are more in-line on rate cut adjusted estimates, Nash tells investors in a research note. With the forward curve pricing in four rate cuts through the end of 2020, bank margins are likely to be under pressure in the coming quarters, adds the analyst. He believes downside risk from Fed cuts "will likely prove too challenging to fully offset" for Comerica.
07/08/19
RAJA
07/08/19
DOWNGRADE
RAJA
Market Perform
Comerica downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst William Wallace downgraded Comerica to Market Perform from Outperform to reflect a negative shift in the interest rate backdrop and expectations for two Fed interest rate cuts in 2019. Wallace said Comerica has a high level of asset sensitivity and, as a result, is projecting a cut in net interest income/net income, and negative operating leverage which will limit share upside.

TODAY'S FREE FLY STORIES

BHVN

Biohaven Pharmaceutical

$44.16

-0.61 (-1.36%)

18:12
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CE

Celanese

$107.01

0.9 (0.85%)

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Celanese announces acetyl intermediates price increases »

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  • 23

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F

Ford

$10.20

-0.06 (-0.58%)

17:48
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07/19
17:48
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17:48
Periodicals
Ford plans to lay off 185 employees at Ontario plant, Reuters reports »

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  • 24

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RTN

Raytheon

$178.55

2.45 (1.39%)

17:48
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  • 25

    Jul

UTX

United Technologies

$132.37

1.08 (0.82%)

17:44
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United Technologies awarded $253.71M Air Force contract »

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  • 23

    Jul

LMT

Lockheed Martin

$356.90

0.675 (0.19%)

17:40
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Lockheed Martin awarded $1.47B Missile Defense Agency contract modification »

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  • 23

    Jul

ARES

Ares Management

$28.13

-0.305 (-1.07%)

17:33
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17:33
Syndicate
Breaking Syndicate news story on Ares Management »

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  • 31

    Jul

  • 06

    Aug

HAFC

Hanmi Financial

$21.68

-0.105 (-0.48%)

17:33
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17:33
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Hanmi Financial to delay release of Q2 results »

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  • 23

    Jul

PAYS

Paysign

$17.49

-0.48 (-2.67%)

17:32
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Breaking Syndicate news story on Paysign »

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MEOH

Methanex

$43.19

0.83 (1.96%)

17:28
07/19/19
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Methanex reaches final investment decision on methanol plant in Geismar, LA »

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  • 01

    Aug

17:17
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07/19
17:17
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Conference/Events
Credit Suisse biotech analysts to hold an analyst/industry conference call »

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17:14
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Conference/Events
UBS retail/hardlines analyst to hold an analyst/industry conference call »

Retail/Hardlines Analyst…

SHIP

Seanergy Marine

$0.64

-0.0425 (-6.25%)

17:05
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07/19
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17:05
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Seanergy Maritime receives noncompliance notice from Nasdaq »

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SONM

Sonim

$13.42

0.24 (1.82%)

16:41
07/19/19
07/19
16:41
07/19/19
16:41
Conference/Events
Sonim management to meet with Oppenheimer »

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  • 24

    Jul

  • 25

    Jul

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    Jul

  • 12

    Sep

KINS

Kingstone Companies

$8.81

0.09 (1.03%)

16:30
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16:30
Hot Stocks
Kingstone names Barry Goldstein CEO »

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  • 07

    Aug

  • 09

    Aug

16:30
07/19/19
07/19
16:30
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16:30
Options
Preliminary option volume of 22.6M today »

Preliminary option volume…

BA

Boeing

$377.34

16.17 (4.48%)

, MSFT

Microsoft

$136.62

0.33 (0.24%)

16:24
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07/19
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16:24
On The Fly
Fly Intel: Wall Street's top stories for Friday »

Stocks were tentatively…

BA

Boeing

$377.34

16.17 (4.48%)

MSFT

Microsoft

$136.62

0.33 (0.24%)

AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

AAPL

Apple

$202.62

-3.02 (-1.47%)

WMT

Walmart

$113.91

-0.77 (-0.67%)

DIS

Disney

$139.86

-1.76 (-1.24%)

GCI

Gannett

$9.43

1.53 (19.37%)

CRWD

Crowdstrike

$83.50

10.75 (14.78%)

SKX

Skechers

$39.00

4.25 (12.23%)

PACB

Pacific Biosciences

$5.34

-0.53 (-9.03%)

ILMN

Illumina

$293.10

-5.44 (-1.82%)

CHWY

Chewy

$30.70

-2.09 (-6.37%)

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  • 24

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  • 03

    Aug

  • 06

    Aug

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    Aug

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    Aug

  • 15

    Aug

  • 03

    Sep

  • 25

    Sep

  • 13

    Nov

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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07/19
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16:20
Options
Closing CBOE SPX and VIX Index summary for July 19th »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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07/19
16:17
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16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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BCBP

BCB Bancorp

$12.71

-0.09 (-0.70%)

16:17
07/19/19
07/19
16:17
07/19/19
16:17
Earnings
BCB Bancorp reports Q2 EPS 30c, consensus 30c »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
07/19/19
07/19
16:16
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16:16
Technical Analysis
NYSE market internals summary »

Volume was below average…

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CNXM

CNX Midstream Partners

$14.30

-0.205 (-1.41%)

16:16
07/19/19
07/19
16:16
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16:16
Hot Stocks
CNX Midstream Partners raises quarterly distribution 3.6% to 38.65c per unit »

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  • 30

    Jul

TELL

Tellurian

$7.25

0.22 (3.13%)

16:16
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16:16
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Syndicate
Breaking Syndicate news story on Tellurian »

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16:15
07/19/19
07/19
16:15
07/19/19
16:15
General news
Breaking General news story  »

Boston Federal Reserve…

ROKU

Roku

$106.83

-2.18 (-2.00%)

16:13
07/19/19
07/19
16:13
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16:13
Conference/Events
Roku management to meet with Oppenheimer »

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  • 22

    Jul

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