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LAZ

Lazard

$35.22

-0.19 (-0.54%)

06:48
07/11/19
07/11
06:48
07/11/19
06:48

Lazard reports June AUM of $237.5B

Lazard reported preliminary assets under management or AUM as of June 30 of approximately $237.5B. The month's AUM included market appreciation of $9.0B, net outflows of $2.5B and foreign exchange appreciation of $2.3B.

  • 25

    Jul

LAZ Lazard
$35.22

-0.19 (-0.54%)

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.
06/10/19
UBSW
06/10/19
DOWNGRADE
UBSW
Neutral
Lazard downgraded to Neutral from Buy at UBS
06/10/19
UBSW
06/10/19
DOWNGRADE
Target $36
UBSW
Neutral
Lazard downgraded to Neutral from Buy at UBS
UBS analyst Brennan Hawken downgraded Lazard to Neutral from Buy and lowered his price target to $36 from $43, saying the company's pipeline of advisory revenue has been "weak." The analyst further states that a "sufficient upward inflection" in activity is unlikely, keeping Lazard's advisory revenue growth this year constrained. Given his expected decrease in the availability of levered loan market financing, Hawken adds that Lazard may lose market share to "IBs that offer financing", also assigning "minimal risk" to the company pursuing an efficiency program that would boost its margins.
06/10/19
06/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cheniere Energy Partners (CQP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Elvira Scotto saying while she views the company's positive FID on Train 6 and updated run-rate guidance positively, she believes these announcements were in line with expectations. 2. At Home Group (HOME) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Simeon Gutman saying after the company's recent earnings miss and guidance cut that its headwinds appear less transitory than he'd previously thought. 3. Lazard (LAZ) downgraded to Neutral from Buy at UBS with analyst Brennan Hawken saying the company's pipeline of advisory revenue has been "weak." 4. Insulet (PODD) downgraded to Market Perform from Outperform at Northland with analyst Suraj Kalia citing valuation. 5. Realogy (RLGY) downgraded to Equal Weight from Overweight at Stephens with analyst John Campbell saying he believes the company will sees a "depressed multiple" until it can prove the sustainability of its model, which he thinks will take at least a few quarters of consistent earnings growth. 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

GFED

Guaranty Federal Bancshares

$23.50

(0.00%)

09:16
07/18/19
07/18
09:16
07/18/19
09:16
Earnings
Guaranty Federal Bancshares announces preliminary Q2 EPS 54c, one est. 53c »

Reports Q2 book value per…

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AAPL

Apple

$203.32

-1.08 (-0.53%)

, QCOM

Qualcomm

$75.75

0.09 (0.12%)

09:15
07/18/19
07/18
09:15
07/18/19
09:15
Upgrade
Apple, Qualcomm, Skyworks rating change  »

Raymond James upgrades…

AAPL

Apple

$203.32

-1.08 (-0.53%)

QCOM

Qualcomm

$75.75

0.09 (0.12%)

SWKS

Skyworks

$80.15

-1.14 (-1.40%)

03/08/13
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AAPL

Apple

$203.32

-1.08 (-0.53%)

09:12
07/18/19
07/18
09:12
07/18/19
09:12
Recommendations
Apple analyst commentary at Deutsche Bank »

Data show App sales…

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  • 30

    Jul

ATEC

Alphatec

$4.68

0.395 (9.22%)

09:12
07/18/19
07/18
09:12
07/18/19
09:12
Hot Stocks
Alphatec announces commercial launch of ALIF IdentiTi system »

Alphatec Holdings…

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NMRD

Nemaura Medical

$0.86

-0.0209 (-2.37%)

09:09
07/18/19
07/18
09:09
07/18/19
09:09
Hot Stocks
Nemaura Medical appoints Chris Avery as VP, global business operations »

Nemaura Medical announced…

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WWE

WWE

$72.14

-0.185 (-0.26%)

09:09
07/18/19
07/18
09:09
07/18/19
09:09
Recommendations
WWE analyst commentary  »

WWE shares oversold, says…

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  • 25

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SNPS

Synopsys

$135.82

-0.11 (-0.08%)

, KEYS

Keysight Technologies

$88.22

-1.25 (-1.40%)

09:09
07/18/19
07/18
09:09
07/18/19
09:09
Hot Stocks
Synopsys and Keysight Technologies' Ixia partner for SoC validation solution »

Synopsys (SNPS) and Ixia,…

SNPS

Synopsys

$135.82

-0.11 (-0.08%)

KEYS

Keysight Technologies

$88.22

-1.25 (-1.40%)

03/08/13
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  • 26

    Sep

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    Sep

RUN

Sunrun

$20.38

0.16 (0.79%)

09:08
07/18/19
07/18
09:08
07/18/19
09:08
Hot Stocks
Sunrun awarded contract to help replace retiring Oakland power plant »

Sunrun was awarded a…

03/08/13
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  • 07

    Aug

UNH

UnitedHealth

$266.71

2.11 (0.80%)

09:08
07/18/19
07/18
09:08
07/18/19
09:08
Earnings
UnitedHealth CFO says FY19 revenue may miss guidance »

Sees FY19 revenue at or…

03/08/13
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03/08/13
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03/06/13
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  • 18

    Jul

HZNP

Horizon Pharma

$24.32

0.46 (1.93%)

09:06
07/18/19
07/18
09:06
07/18/19
09:06
Hot Stocks
Horizon Pharma announces FDA acceptance of Procysbi NDA »

Horizon Pharma announced…

03/08/13
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03/08/13
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03/06/13
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  • 07

    Aug

  • 09

    Sep

CRZO

Carrizo Oil & Gas

$10.39

-0.82 (-7.31%)

09:05
07/18/19
07/18
09:05
07/18/19
09:05
Downgrade
Carrizo Oil & Gas rating change  »

Carrizo Oil & Gas…

03/08/13
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03/08/13
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03/06/13
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BMTC

Bryn Mawr Bank

$36.78

-0.015 (-0.04%)

09:05
07/18/19
07/18
09:05
07/18/19
09:05
Hot Stocks
Bryn Mawr Bank increases quarterly dividend 4% to 26c per share »

The Board of Directors of…

03/08/13
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IVAC

Intevac

$4.54

-0.2 (-4.22%)

09:05
07/18/19
07/18
09:05
07/18/19
09:05
Hot Stocks
Intevac awarded $40M digital night vision contract award »

Intevac announced it has…

03/08/13
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03/08/13
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03/06/13
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  • 29

    Jul

BMTC

Bryn Mawr Bank

$36.78

-0.015 (-0.04%)

09:04
07/18/19
07/18
09:04
07/18/19
09:04
Earnings
Bryn Mawr Bank reports Q2 EPS 78c, consensus 79c »

Reports Q2 book value per…

03/08/13
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03/08/13
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03/06/13
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AJG

Arthur J. Gallagher

$91.97

-0.23 (-0.25%)

09:02
07/18/19
07/18
09:02
07/18/19
09:02
Hot Stocks
Arthur J. Gallagher acquires DPI Benefits »

Arthur J. Gallagher has…

03/08/13
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  • 25

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

, EBAY

eBay

$39.03

-0.87 (-2.18%)

09:01
07/18/19
07/18
09:01
07/18/19
09:01
Hot Stocks
Fly Intel: Pre-market Movers »

UP AFTER EARNINGS:…

NFLX

Netflix

$362.50

-3.22 (-0.88%)

EBAY

eBay

$39.03

-0.87 (-2.18%)

PM

Philip Morris

$81.06

-0.49 (-0.60%)

MS

Morgan Stanley

$43.78

-0.63 (-1.42%)

IBM

IBM

$143.07

-0.47 (-0.33%)

INSG

Inseego

$5.03

-0.13 (-2.52%)

VZ

Verizon

$57.22

-0.18 (-0.31%)

UNP

Union Pacific

$164.05

-11.05 (-6.31%)

BX

Blackstone

$45.27

-0.555 (-1.21%)

NVS

Novartis

$90.11

0.99 (1.11%)

BBT

BB&T

$49.68

0.04 (0.08%)

SAP

SAP

$134.22

-0.9 (-0.67%)

FTSV

Forty Seven

$8.77

-1.38 (-13.60%)

AMRN

Amarin

$21.06

-0.68 (-3.13%)

03/08/13
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  • 18

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  • 01

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  • 04

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  • 05

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  • 06

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  • 11

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  • 25

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  • 18

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  • 19

    Jul

BJ

BJ's Wholesale

$24.46

-0.29 (-1.17%)

09:00
07/18/19
07/18
09:00
07/18/19
09:00
Recommendations
BJ's Wholesale analyst commentary at Loop Capital »

BJ's Wholesale…

03/08/13
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  • 24

    Sep

09:00
07/18/19
07/18
09:00
07/18/19
09:00
General news
Treasury Action: yields have cheapened »

Treasury Action: yields…

09:00
07/18/19
07/18
09:00
07/18/19
09:00
General news
The 8k initial claims rise to 216k »

The 8k initial claims…

EGHT

8x8, Inc.

$24.60

-0.44 (-1.76%)

08:57
07/18/19
07/18
08:57
07/18/19
08:57
Recommendations
8x8, Inc. analyst commentary at Craig-Hallum »

8x8, Inc. price target…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 30

    Jul

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    Aug

  • 13

    Nov

UAL

United Continental

$94.83

0.83 (0.88%)

, LUV

Southwest

$52.31

-0.97 (-1.82%)

08:56
07/18/19
07/18
08:56
07/18/19
08:56
Recommendations
United Continental, Southwest, Delta Air Lines analyst commentary at Stephens »

Stephens surprised United…

UAL

United Continental

$94.83

0.83 (0.88%)

LUV

Southwest

$52.31

-0.97 (-1.82%)

DAL

Delta Air Lines

$62.24

-0.93 (-1.47%)

03/08/13
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03/08/13
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03/06/13
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  • 25

    Jul

  • 13

    Nov

  • 12

    Dec

HON

Honeywell

$168.81

-6 (-3.43%)

08:55
07/18/19
07/18
08:55
07/18/19
08:55
Hot Stocks
Honeywell says expects 'continued strong performance' in Aerospace in Q3 »

Says: Many macro…

03/08/13
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03/06/13
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03/06/13
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  • 18

    Jul

  • 06

    Aug

AMD

AMD

$33.59

-0.23 (-0.68%)

, NFLX

Netflix

$362.50

-3.22 (-0.88%)

08:55
07/18/19
07/18
08:55
07/18/19
08:55
Options
Notable open interest changes for July 18th »

Wednesday's total…

AMD

AMD

$33.59

-0.23 (-0.68%)

NFLX

Netflix

$362.50

-3.22 (-0.88%)

AMAT

Applied Materials

$46.21

0.21 (0.46%)

TSLA

Tesla

$254.85

2.47 (0.98%)

03/08/13
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03/06/13
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03/06/13
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  • 24

    Jul

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    Jul

  • 06

    Aug

ABT

Abbott

$85.78

2.67 (3.21%)

08:55
07/18/19
07/18
08:55
07/18/19
08:55
Recommendations
Abbott analyst commentary at Jefferies »

Abbott price target…

03/08/13
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08:55
07/18/19
07/18
08:55
07/18/19
08:55
General news
U.S. equities are mildly weaker »

U.S. equities are mildly…

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