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VIRT

Virtu Financial

$18.81

0.69 (3.81%)

06:39
09/03/19
09/03
06:39
09/03/19
06:39

Virtu Financial reinstated with an Overweight from Neutral at JPMorgan

Following a period of restriction, JPMorgan analyst Kenneth Worthington reinstated coverage of Virtu Financial and upgraded the shares to Overweight from Neutral with a $23 price target. Following the 25% decline this year, the shares offer a potentially good risk/reward, Worthington tells investors in a research note. The analyst believes Virtu is on track for the "solid integration" of recently acquired ITG.

VIRT Virtu Financial
$18.81

0.69 (3.81%)

01/04/19
MSCO
01/04/19
NO CHANGE
MSCO
Morgan Stanley says buy TD Ameritrade ahead of earnings, negative on Virtu
Morgan Stanley analyst Michael Cyprys lowered his Q4 EPS estimates by 11% for the Asset Manager and Broker group given that the S&P 500 fell nearly 14% in the quarter, upending what had been a positive year for equity markets up until that point. For 2019, he favors the discount brokers - TD Ameritrade (AMTD), E-Trade (ETFC) and Charles Schwab (SCHW) - given their more defensive earnings profiles. Ahead of the Q4 earnings season he sees TD Ameritrade as "compelling" given its greater skew to trading revenues among the eBrokers, greater derivative mix and rising client cash levels, Cyprys tells investors. He also views concerns around commission price cuts as overdone as doe not expect Charles Schwab to cut, the analyst added. Ahead of Q4 reporting, Cyprys is negative on Virtu Financial (VIRT), as he thinks expectations are too high and notes the stock has recently outperformed.
06/25/19
RSBL
06/25/19
INITIATION
Target $29
RSBL
Buy
Virtu Financial initiated with a Buy at Rosenblatt
Rosenblatt initiated Virtu Financial with a Buy rating and $29 price target.
06/26/19
06/26/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Slack Technologies (WORK) initiated with an Outperform at Baird. 2. Virtu Financial (VIRT) initiated with a Buy at Rosenblatt. 3. Kadmon (KDMN) initiated with an Outperform at Oppenheimer. 4. Baxter (BAX) initiated with a Sector Weight at KeyBanc. 5. LiveRamp (RAMP) initiated with a Positive at Susquehanna. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/09/19
MSCO
07/09/19
NO CHANGE
MSCO
Morgan Stanley sees C-corp conversion announcement coming from Carlyle
Morgan Stanley analyst Michael Cyprys said he recommends owning Carlyle Group (CG) shares into the quarter, as he believes the company will announce plans to convert to a C-corporation along with its upcoming report, "albeit with a delayed effective date" to allow time for the complex underlying tax impact analysis. He thinks a conversion could bring greater clarity and visibility into targets, which could increase long only interest in the stock, Cyprys tells investors. In his broader preview of the earnings season for the Asset Manager group, the analyst noted that he lowered his Q2 EPS estimates by about 4% on average, cutting his estimates for Traditionals by 0.5%, for Alts by 11.5% and for Market Structure companies by 1.6%.

TODAY'S FREE FLY STORIES

TBIO

Translate Bio

$11.01

0.405 (3.82%)

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Translate Bio 9M share Spot Secondary priced at $10.00 »

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SWK

Stanley Black & Decker

$144.45

0.73 (0.51%)

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LEN

Lennar

$53.10

-0.23 (-0.43%)

21:02
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WHR

Whirlpool

$152.15

3.4 (2.29%)

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TELL

Tellurian

$8.33

-0.1 (-1.19%)

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NEXT

NextDecade

$6.30

-0.1 (-1.56%)

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LINX

Linx S.A.

$7.74

0.22 (2.93%)

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20:25
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Conference/Events
Morgan Stanley steel analyst to hold an analyst/industry conference call »

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GIS

General Mills

$55.03

0.48 (0.88%)

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Notable companies reporting before tomorrow's open »

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ROAD

Construction Partners

$14.39

-0.42 (-2.84%)

20:10
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NVST

Envista

$0.00

(0.00%)

19:58
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Syndicate
Envista 26.77M share IPO priced at $22.00 »

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  • 17

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INVH

Invitation Homes

$28.49

0.31 (1.10%)

19:51
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Syndicate
Invitation Homes 44M share Spot Secondary priced at $28.25 »

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  • 18

    Sep

AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

, NCMI

National CineMedia

$8.35

0.25 (3.09%)

19:49
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AMC Entertainment corrects 'inaccurate' statement by National CineMedia »

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AMC

AMC Entertainment

$11.46

-0.46 (-3.86%)

NCMI

National CineMedia

$8.35

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  • 09

    Oct

BA

Boeing

$384.61

5.74 (1.52%)

19:01
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House panel invites Boeing CEO to testify on 737 MAX »

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  • 02

    Oct

O

Realty Income

$75.76

1.81 (2.45%)

18:56
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Realty Income raises monthly cash dividend to 22.7c per share from 22.65c »

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

, CDW

CDW

$113.91

0.94 (0.83%)

18:54
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Fly Intel: After Hours Movers »

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NLNK

NewLink Genetics

$1.90

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CDW

CDW

$113.91

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TELL

Tellurian

$8.33

-0.1 (-1.19%)

NEXT

NextDecade

$6.30

-0.1 (-1.56%)

FDX

FedEx

$173.53

-0.14 (-0.08%)

XPO

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CHWY

Chewy

$30.20

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ADBE

Adobe

$284.59

1.54 (0.54%)

IOTS

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$10.63

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PTCT

PTC Therapeutics

$43.26

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TBIO

Translate Bio

$11.01

0.405 (3.82%)

ACAD

Acadia

$42.60

-1.45 (-3.29%)

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YUMA

Yuma Energy

$5.08

-0.05 (-0.97%)

18:51
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Yuma Energy enters forbearance agreement with lender YE Investment »

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ADBE

Adobe

$284.59

1.54 (0.54%)

18:45
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Adobe CEO: We experienced growth across all of our segments »

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ARAY

Accuray

$3.09

-0.03 (-0.96%)

18:37
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Data in Lancet Oncology discloses lower toxicity for Accuray Cyberknife patients »

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FBK

FB Financial

$38.33

-0.36 (-0.93%)

18:29
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FB Financial acquires FNB Financial »

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  • 23

    Sep

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GM

General Motors

$38.28

1.07 (2.88%)

18:28
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Periodicals
GM stops paying health insurance costs for union workers on strike, Reuters says »

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TOT

Total

$52.85

0.08 (0.15%)

18:25
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Periodicals
Total CEO says Saudi oil facility strikes will have consequences, Reuters says »

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  • 24

    Sep

SMMF

Summit Financial Group

$25.96

-0.29 (-1.10%)

18:02
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Summit Financial and Cornerstone Financial sign merger agreement »

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STLD

Steel Dynamics

$30.93

-0.89 (-2.80%)

18:01
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Earnings
Steel Dynamics sees Q3 EPS 66c-70c, consensus 71c »

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FDX

FedEx

$173.53

-0.14 (-0.08%)

18:00
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Breaking Hot Stocks news story on FedEx »

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