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AMTD

TD Ameritrade

$50.01

-1.23 (-2.40%)

, SCHW

Charles Schwab

$39.64

-0.63 (-1.56%)

07:15
07/11/19
07/11
07:15
07/11/19
07:15

Morgan Stanley downgrades TD Ameritrade to Equal Weight, prefers Charles Schwab

As previously reported, Morgan Stanley analyst Michael Cyprys downgraded TD Ameritrade (AMTD) to Equal Weight from Overweight ahead of Q2 reports from the North American brokers, stating that he sees a more challenging path to revenue growth given the less favorable interest rate and client cash environment. He lowered his EPS estimates across the discount broker stocks he covers by 4% on average for 2019 and by an average of 6% for 2020, noting that he cut his estimates the most for TD Ameritrade in 2020, lowering them by 11% due to lower yields and client cash balances. While 2019 is "shaping up to be a tough year for eBrokers' stocks," Cyprys said he sees Charles Schwab (SCHW) as best positioned for an upside surprise given what he views as "overly bearish" investor sentiment. He cut his price target on TD Ameritrade shares to $53 from $61, lowered his target on Charles Schwab shares to $46 from $53, and dropped his target on E-Trade (ETFC) shares to $55 from $61.

AMTD

TD Ameritrade

$50.01

-1.23 (-2.40%)

SCHW

Charles Schwab

$39.64

-0.63 (-1.56%)

ETFC

E-Trade

$44.58

-0.72 (-1.59%)

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    Oct

AMTD TD Ameritrade
$50.01

-1.23 (-2.40%)

07/11/19
MSCO
07/11/19
DOWNGRADE
MSCO
Equal Weight
TD Ameritrade downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Michael Cyprys downgraded TD Ameritrade to Equal Weight from Overweight.
04/24/19
DBAB
04/24/19
NO CHANGE
DBAB
Buy
TD Ameritrade selloff a good buying opportunity, says Deutsche Bank
Deutsche Bank analyst Brian Bedell views today's post-earnings selloff in shares of TD Ameritrade as a good buying opportunity. The stock in afternoon trading is down 4% to $52.03.
03/27/19
WOLF
03/27/19
UPGRADE
WOLF
Peer Perform
TD Ameritrade upgraded to Peer Perform from Underperform at Wolfe Research
07/11/19
DBAB
07/11/19
NO CHANGE
DBAB
Deutsche starts 'Catalyst Call' pair trade of long Ameritrade, short Schwab
Deutsche Bank analyst Brian Bedell initiated a short-term "Catalyst Call" pair trade idea of long TD Ameritrade (AMTD) against Charles Schwab (SCHW). The analyst expects Ameritrade to outperform Schwab by at least ~5% through the Q2 earnings season.
SCHW Charles Schwab
$39.64

-0.63 (-1.56%)

02/20/19
02/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. CVS Health (CVS) downgraded to Market Perform from Outperform at Wells Fargo with analyst Peter Costa citing its "continued failure" to stabilize its existing businesses, particularly the long-term care business, after two years of pressure. 2. Southwest (LUV) downgraded to Sell from Neutral at Goldman Sachs with analyst Catherine O'Brien saying Southwest's fiscal 2019 pretax margin will decline 60 basis points due to the dilutive impact of its new Hawaii flying and unit cost ex-fuel pressures. 3. Charles Schwab (SCHW) downgraded to Sell from Neutral at UBS, while E-Trade (ETFC) was downgraded to Neutral from Buy. 4. Palo Alto Networks (PANW) downgraded to Hold from Buy at Gabelli with analyst Hendi Susanto citing valuation. 5. Teva (TEVA) downgraded to Neutral from Buy at Mizuho with analyst Irina Koffler saying her investment thesis is "broken" after Teva's "disappointing 2019 guidance and cautious longer-term outlook." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/18/19
DBAB
06/18/19
DOWNGRADE
Target $43
DBAB
Hold
Charles Schwab 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 $43 from $52. The analyst is downgrading some interest rate sensitive stocks in the Brokers and Asset Managers space ahead of the Q2 reporting season.
05/23/19
SBSH
05/23/19
NO CHANGE
Target $102
SBSH
Buy
LPL Financial price target raised to $102 from $95 at Citi
Citi analyst William Katz raised his price target for LPL Financial (LPLA) to $102 from $95 saying a "number of favorable takeaways" from yesterday's investor day should drive up the company's price-to-earnings multiple. The analyst initiates a pair trade of long Buy-rated LPL Financial and underweight Neutral-rated Charles Schwab (SCHW).
ETFC E-Trade
$44.58

-0.72 (-1.59%)

01/25/19
LEHM
01/25/19
NO CHANGE
Target $55
LEHM
Overweight
E-Trade price target raised to $55 from $52 at Barclays
Barclays analyst Jeremy Campbell raised his price target for E-Trade Financial to $55 following the company's Q4 results and keeps an Overweight rating on the shares.
01/29/19
MSCO
01/29/19
NO CHANGE
MSCO
Overweight
Morgan Stanley sees 'more to come' from discount brokers after strong Q4
Morgan Stanley analyst Michael Cyprys said the "strong" Q4 earnings reports from Charles Schwab (SCHW), E-Trade (ETFC) and TD Ameritrade (AMTD) showed that the discount brokers can grow revenues in a volatile, late-cycle backdrop. He increased his 2020 top-line estimates across the group, citing expectations for higher net interest margins and higher cash balances. Cyprys, who said the valuations in the group remain compelling on both an absolute and relative basis, keeps Overweight ratings on all three stocks mentioned. He raised his price target on Charles Schwab to $57 from $55, on E-Trade to $62 from $61 and on TD Ameritrade to $64 from $59.
02/20/19
UBSW
02/20/19
DOWNGRADE
Target $51
UBSW
Neutral
E-Trade downgraded to Neutral from Buy at UBS
UBS analyst Brennan Hawken downgraded E-Trade Financial to Neutral and lowered his price target for the shares to $51 from $58. The analyst wonders what catalysts could move the shares "materially higher" amid "mounting cyclical concerns." He cites the "extended time frame tied to current targets" and a low likelihood of a strategic transaction as the reasons for the downgrade. He sees "more compelling places to allocate capital."

TODAY'S FREE FLY STORIES

SWDBY

Swedbank

$0.00

(0.00%)

21:49
07/17/19
07/17
21:49
07/17/19
21:49
Downgrade
Swedbank rating change  »

Swedbank downgraded to…

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FULC

Fulcrum Therapeutics

$0.00

(0.00%)

20:53
07/17/19
07/17
20:53
07/17/19
20:53
Syndicate
Fulcrum Therapeutics 4.5M share IPO priced at $16.00 »

The deal priced at the…

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  • 18

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NFLX

Netflix

$362.50

-3.22 (-0.88%)

20:50
07/17/19
07/17
20:50
07/17/19
20:50
Recommendations
Netflix analyst commentary at Pivotal Research »

Netflix price target…

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  • 17

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PSMT

PriceSmart

$61.77

-0.43 (-0.69%)

20:43
07/17/19
07/17
20:43
07/17/19
20:43
Upgrade
PriceSmart rating change at Scotiabank »

PriceSmart upgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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GMAB

Genmab

$0.00

(0.00%)

20:32
07/17/19
07/17
20:32
07/17/19
20:32
Syndicate
Genmab 28.5M share IPO priced at $17.75 per ADS »

The deal size was…

03/08/13
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  • 18

    Jul

POWI

Power Integrations

$79.67

-0.22 (-0.28%)

20:29
07/17/19
07/17
20:29
07/17/19
20:29
Upgrade
Power Integrations rating change at Stifel »

Power Integrations…

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  • 25

    Jul

UNH

UnitedHealth

$266.71

2.11 (0.80%)

, HON

Honeywell

$168.81

-6 (-3.43%)

20:25
07/17/19
07/17
20:25
07/17/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

UNH

UnitedHealth

$266.71

2.11 (0.80%)

HON

Honeywell

$168.81

-6 (-3.43%)

PM

Philip Morris

$81.06

-0.49 (-0.60%)

UNP

Union Pacific

$164.05

-11.05 (-6.31%)

DHR

Danaher

$139.60

-0.22 (-0.16%)

MS

Morgan Stanley

$43.78

-0.63 (-1.42%)

BX

Blackstone

$45.27

-0.555 (-1.21%)

BBT

BB&T

$49.68

0.04 (0.08%)

STI

SunTrust

$63.99

0.08 (0.13%)

NUE

Nucor

$54.71

-0.87 (-1.57%)

GPC

Genuine Parts

$102.27

-3.07 (-2.91%)

ALLY

Ally Financial

$31.44

-0.26 (-0.82%)

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ADTN

Adtran

$15.84

0.09 (0.57%)

20:07
07/17/19
07/17
20:07
07/17/19
20:07
Earnings
Adtran reports Q2 adjusted EPS 14c, consensus 8c »

Reports Q2 revenue…

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03/06/13
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  • 18

    Jul

BHC

Bausch Health

$22.91

-0.26 (-1.12%)

, PGNX

Progenics

$5.38

0.055 (1.03%)

19:52
07/17/19
07/17
19:52
07/17/19
19:52
Hot Stocks
NJ District Court upholds validity of Relistor patent »

Bausch Health (BHC) and…

BHC

Bausch Health

$22.91

-0.26 (-1.12%)

PGNX

Progenics

$5.38

0.055 (1.03%)

TEVA

Teva

$8.11

-0.07 (-0.86%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 24

    Jul

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  • 09

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EFC

Ellington Financial

$18.30

0.045 (0.25%)

19:31
07/17/19
07/17
19:31
07/17/19
19:31
Syndicate
Ellington Financial 3.5M share Spot Secondary priced at $17.66 »

Credit Suisse Securities…

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  • 18

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EPRT

Essential Properties Realty Trust

$19.83

-0.27 (-1.34%)

19:26
07/17/19
07/17
19:26
07/17/19
19:26
Syndicate
Essential Properties Realty Trust 22.86M share Secondary priced at $19.75 »

The deal size was…

03/08/13
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03/06/13
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  • 18

    Jul

FTSV

Forty Seven

$8.77

-1.38 (-13.60%)

19:22
07/17/19
07/17
19:22
07/17/19
19:22
Syndicate
Forty Seven 9.38M share Secondary priced at $8.00 »

The deal priced below the…

03/08/13
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03/06/13
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03/06/13
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  • 09

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SNDE

Sundance Energy

$1.67

-0.17 (-9.24%)

19:20
07/17/19
07/17
19:20
07/17/19
19:20
Hot Stocks
Sundance Energy to sell Dimmit County assets for $29.5M »

Sundance Energy Australia…

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03/08/13
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03/06/13
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NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

19:18
07/17/19
07/17
19:18
07/17/19
19:18
Syndicate
New York Mortgage 20M share Spot Secondary priced at $6.11 »

The deal priced below the…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Jul

IBKC

Iberiabank

$74.44

-0.7 (-0.93%)

18:57
07/17/19
07/17
18:57
07/17/19
18:57
Hot Stocks
Iberiabank raises quarterly dividend by 5% to 45c per share »

The dividend is payable…

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  • 19

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IBKC

Iberiabank

$74.44

-0.7 (-0.93%)

18:56
07/17/19
07/17
18:56
07/17/19
18:56
Hot Stocks
Iberiabank authorizes 1.6M share repurchase program »

Iberiabank announced the…

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  • 19

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    Sep

EBAY

eBay

$39.03

-0.87 (-2.18%)

, LLNW

Limelight Networks

$2.77

0.18 (6.95%)

18:52
07/17/19
07/17
18:52
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18:52
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: eBay…

EBAY

eBay

$39.03

-0.87 (-2.18%)

LLNW

Limelight Networks

$2.77

0.18 (6.95%)

NFLX

Netflix

$362.50

-3.22 (-0.88%)

URI

United Rentals

$131.55

-6.05 (-4.40%)

CCK

Crown Holdings

$59.38

-0.88 (-1.46%)

AA

Alcoa

$23.15

-0.18 (-0.77%)

KMI

Kinder Morgan

$20.60

-0.3 (-1.44%)

TCBI

Texas Capital

$58.67

-0.76 (-1.28%)

IBM

IBM

$143.07

-0.47 (-0.33%)

AMRN

Amarin

$21.06

-0.68 (-3.13%)

ROKU

Roku

$109.33

-2.575 (-2.30%)

NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

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  • 17

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  • 17

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  • 07

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  • 18

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NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:42
07/17/19
07/17
18:42
07/17/19
18:42
Hot Stocks
Breaking Hot Stocks news story on Netflix »

Netflix says will add $5B…

03/08/13
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  • 17

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    Jul

MIRM

Mirum Pharmaceuticals

$0.00

(0.00%)

18:42
07/17/19
07/17
18:42
07/17/19
18:42
Syndicate
Mirum Pharmaceuticals 5M share IPO priced at $15.00 »

The deal priced at the…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Jul

GSBC

Great Southern Bancorp

$57.85

-0.78 (-1.33%)

18:31
07/17/19
07/17
18:31
07/17/19
18:31
Earnings
Great Southern Bancorp reports Q2 adjusted EPS $1.28, two estimates $1.15 »

Reports Q2 NII $44.9M,…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:28
07/17/19
07/17
18:28
07/17/19
18:28
Hot Stocks
Netflix makes 'large investment' in original animation »

Says "Stranger…

03/08/13
Wedge Partners
03/08/13
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Citigroup
03/06/13
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  • 17

    Jul

  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:17
07/17/19
07/17
18:17
07/17/19
18:17
Hot Stocks
Netflix says European shows reaching 12M-15M viewers »

Says European shows…

03/08/13
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03/08/13
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03/06/13
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  • 17

    Jul

  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:13
07/17/19
07/17
18:13
07/17/19
18:13
Hot Stocks
Netflix says rate of investment 'extremely high' »

Says has some discretion…

03/08/13
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03/08/13
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03/06/13
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  • 17

    Jul

  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:08
07/17/19
07/17
18:08
07/17/19
18:08
Hot Stocks
Netflix says overall additions have returned to normal in Q3 »

Says it's easy to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

    Jul

  • 17

    Jul

IBM

IBM

$143.07

-0.47 (-0.33%)

17:53
07/17/19
07/17
17:53
07/17/19
17:53
Hot Stocks
Breaking Hot Stocks news story on IBM »

IBM pares initial…

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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  • 17

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    Jul

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