Breaking News Instant updates and real-time market news.

CMA

Comerica

$71.46

-1.18 (-1.62%)

, RF

Regions Financial

$15.05

-0.26 (-1.70%)

06:49
07/11/19
07/11
06:49
07/11/19
06:49

BofA double downgrades Comerica to Underperform, cuts Regions to Neutral

BofA Merrill Lynch analyst Erika Najarian downgraded Comerica two notches, to Underperform from Buy, citing the cloudier visibility on forward EPS given the more challenging backdrop. However, she noted that this rating change was not a call on the quarter but more about the environment for banks moving forward. Najarian also downgraded Regions Financial (RF) to Neutral from Buy, citing similar concerns.

CMA

Comerica

$71.46

-1.18 (-1.62%)

RF

Regions Financial

$15.05

-0.26 (-1.70%)

  • 17

    Jul

  • 19

    Jul

  • 21

    Aug

  • 22

    Aug

  • 26

    Aug

CMA Comerica
$71.46

-1.18 (-1.62%)

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.
07/11/19
BOFA
07/11/19
DOWNGRADE
BOFA
Underperform
Comerica downgraded to Underperform from Buy at BofA/Merrill
RF Regions Financial
$15.05

-0.26 (-1.70%)

04/23/19
MACQ
04/23/19
DOWNGRADE
MACQ
Underperform
Regions Financial downgraded to Underperform from Neutral at Macquarie
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.
07/08/19
BMOC
07/08/19
DOWNGRADE
Target $14
BMOC
Underperform
Huntington Bancshares downgraded to Underperform at BMO Capital
BMO Capital analyst Lana Chan downgraded Huntington Bancshares (HBAN) to Underperform from Market Perform with an unchanged price target of $14. The analyst sees only 5% total return in shares compared to an average 14% total return potential for other regional banks. Chan lowered her estimates for Huntington to account for a lower rate environment and higher costs for hedging. Further, the company has less support than peers from stock buybacks, the analyst tells investors. She prefers shares of Outperform-rated Regions Financial (RF) over Huntington Bancshares.
07/11/19
BOFA
07/11/19
DOWNGRADE
BOFA
Neutral
Regions Financial downgraded to Neutral from Buy at BofA/Merrill

TODAY'S FREE FLY STORIES

PHR

Phreesia

$0.00

(0.00%)

10:04
07/18/19
07/18
10:04
07/18/19
10:04
Syndicate
Breaking Syndicate news story on Phreesia »

Phreesia indicated 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

  • 18

    Jul

GMAB

Genmab

$0.00

(0.00%)

10:03
07/18/19
07/18
10:03
07/18/19
10:03
Syndicate
Genmab indicated to open at $17.00, IPO priced at $17.75 per ADS »

Genmab (GMAB) priced…

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

    Jul

SF

Stifel Financial

$58.67

0.5 (0.86%)

10:03
07/18/19
07/18
10:03
07/18/19
10:03
Hot Stocks
Stifel Financial launches venture banking & lending group »

Stifel Financial Corp.…

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

  • 19

    Aug

  • 20

    Aug

10:03
07/18/19
07/18
10:03
07/18/19
10:03
General news
Leading Indicators data reported »

June Leading Indicators…

PPG

PPG

$118.40

1.795 (1.54%)

10:02
07/18/19
07/18
10:02
07/18/19
10:02
Hot Stocks
PPG approves 6% increase in dividend to 51c 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

    Jul

  • 05

    Aug

MDP

Meredith

$53.86

-0.08 (-0.15%)

, NYT

New York Times

$35.11

0.06 (0.17%)

10:01
07/18/19
07/18
10:01
07/18/19
10:01
Hot Stocks
Meredith, New York Times to introduce series of special edition maagazines »

Meredith…

MDP

Meredith

$53.86

-0.08 (-0.15%)

NYT

New York Times

$35.11

0.06 (0.17%)

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

    Sep

  • 13

    Nov

AMK

AssetMark Financial

$0.00

(0.00%)

10:01
07/18/19
07/18
10:01
07/18/19
10:01
Syndicate
Breaking Syndicate news story on AssetMark Financial »

AssetMark Financial…

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

    Jul

PHR

Phreesia

$0.00

(0.00%)

10:00
07/18/19
07/18
10:00
07/18/19
10:00
Syndicate
Breaking Syndicate news story on Phreesia »

Phreesia indicated 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

  • 18

    Jul

EBAY

eBay

$41.98

2.95 (7.56%)

, PM

Philip Morris

$85.42

4.36 (5.38%)

09:55
07/18/19
07/18
09:55
07/18/19
09:55
Options
Early notable gainers among liquid option names on July 18th »

Notable gainers among…

EBAY

eBay

$41.98

2.95 (7.56%)

PM

Philip Morris

$85.42

4.36 (5.38%)

UNP

Union Pacific

$172.12

8.07 (4.92%)

IBM

IBM

$145.79

2.72 (1.90%)

KLAC

KLA-Tencor

$129.13

3.55 (2.83%)

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

    Jul

  • 18

    Jul

  • 18

    Jul

  • 26

    Aug

09:55
07/18/19
07/18
09:55
07/18/19
09:55
General news
Fed's Bullard said an easing now would be insurance against a slowdown »

Fed's Bullard said…

ORCC

Owl Rock

$0.00

(0.00%)

09:52
07/18/19
07/18
09:52
07/18/19
09:52
Syndicate
Breaking Syndicate news story on Owl Rock »

Owl Rock opens at $15.50,…

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

    Jul

PHR

Phreesia

$0.00

(0.00%)

09:50
07/18/19
07/18
09:50
07/18/19
09:50
Syndicate
Phreesia indicated to open at $24-$26, IPO priced at $18 »

Phreesia (PHR) priced…

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

    Jul

CCI

Crown Castle

$123.87

-7.73 (-5.87%)

09:47
07/18/19
07/18
09:47
07/18/19
09:47
Hot Stocks
Crown Castle falls -5.9% »

Crown Castle is down…

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

    Jul

SAP

SAP

$126.38

-7.84 (-5.84%)

09:47
07/18/19
07/18
09:47
07/18/19
09:47
Hot Stocks
SAP falls -5.9% »

SAP is down -5.9%, or…

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

    Jul

  • 01

    Aug

URI

United Rentals

$123.61

-7.94 (-6.04%)

09:47
07/18/19
07/18
09:47
07/18/19
09:47
Hot Stocks
United Rentals falls -5.6% »

United Rentals is down…

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

    Jul

PM

Philip Morris

$84.80

3.74 (4.61%)

09:47
07/18/19
07/18
09:47
07/18/19
09:47
Hot Stocks
Philip Morris rises 4.8% »

Philip Morris is up 4.8%,…

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

    Jul

NVS

Novartis

$94.73

4.62 (5.13%)

09:47
07/18/19
07/18
09:47
07/18/19
09:47
Hot Stocks
Novartis rises 5.1% »

Novartis is up 5.1%, or…

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

    Jul

  • 22

    Jul

  • 23

    Jul

  • 25

    Sep

UNP

Union Pacific

$172.62

8.57 (5.22%)

09:47
07/18/19
07/18
09:47
07/18/19
09:47
Hot Stocks
Union Pacific rises 4.9% »

Union Pacific is up 4.9%,…

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

    Jul

  • 26

    Aug

TMUS

T-Mobile

$78.70

-0.23 (-0.29%)

, S

Sprint

$7.09

-0.01 (-0.14%)

09:46
07/18/19
07/18
09:46
07/18/19
09:46
Periodicals
Next week will bring decision on T-Mobile, Sprint deal, CNBC reports »

The parties involved in…

TMUS

T-Mobile

$78.70

-0.23 (-0.29%)

S

Sprint

$7.09

-0.01 (-0.14%)

DISH

Dish

$40.60

-0.26 (-0.64%)

DTEGY

Deutsche Telekom

$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

  • 08

    Aug

AEO

American Eagle

$18.10

(0.00%)

, ANF

Abercrombie & Fitch

$18.52

(0.00%)

09:45
07/18/19
07/18
09:45
07/18/19
09:45
Periodicals
American Eagle to offer buy-now, pay-later services, Business Insider reports »

Retailer American Eagle…

AEO

American Eagle

$18.10

(0.00%)

ANF

Abercrombie & Fitch

$18.52

(0.00%)

URBN

Urban Outfitters

$23.26

(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

  • 20

    Aug

  • 25

    Sep

09:45
07/18/19
07/18
09:45
07/18/19
09:45
General news
Leading Indicators to be reported at 10:00 »

June Leading Indicators…

ORCC

Owl Rock

$0.00

(0.00%)

09:44
07/18/19
07/18
09:44
07/18/19
09:44
Syndicate
Breaking Syndicate news story on Owl Rock »

Owl Rock indicated 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

  • 18

    Jul

AMK

AssetMark Financial

$0.00

(0.00%)

09:44
07/18/19
07/18
09:44
07/18/19
09:44
Syndicate
Breaking Syndicate news story on AssetMark Financial »

AssetMark Financial…

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

    Jul

DTEGY

Deutsche Telekom

$0.00

(0.00%)

, S

Sprint

$7.10

(0.00%)

09:42
07/18/19
07/18
09:42
07/18/19
09:42
Periodicals
Breaking Periodicals news story on Deutsche Telekom, Sprint, T-Mobile, Dish »

Deutsche Telekom needs to…

DTEGY

Deutsche Telekom

$0.00

(0.00%)

S

Sprint

$7.10

(0.00%)

TMUS

T-Mobile

$78.93

(0.00%)

DISH

Dish

$40.86

(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

  • 08

    Aug

TMUS

T-Mobile

$78.93

(0.00%)

, S

Sprint

$7.10

(0.00%)

09:41
07/18/19
07/18
09:41
07/18/19
09:41
Periodicals
Breaking Periodicals news story on T-Mobile, Sprint, Dish »

T-Mobile, Sprint, Dish…

TMUS

T-Mobile

$78.93

(0.00%)

S

Sprint

$7.10

(0.00%)

DISH

Dish

$40.86

(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

  • 08

    Aug

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.