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TW

Tradeweb Markets

$36.50

-0.9 (-2.41%)

, STT

State Street

$59.24

0.72 (1.23%)

06:50
09/30/19
09/30
06:50
09/30/19
06:50

Charles River, Tradeweb expand multi-asset trading collaboration

Charles River Development, a State Street (STT) company, and Tradeweb Markets (TW) announced an expansion of their collaboration to provide mutual clients with direct access to fixed income inventory and streamlined workflows from the Charles River Investment Management Solution. The collaboration enables institutional and retail investment firms to seamlessly source cross product liquidity available on Tradeweb from the Charles River Inventory Hub and Order and Execution Management System for global fixed income securities.

TW

Tradeweb Markets

$36.50

-0.9 (-2.41%)

STT

State Street

$59.24

0.72 (1.23%)

  • 18

    Oct

TW Tradeweb Markets
$36.50

-0.9 (-2.41%)

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%.
09/13/19
BOFA
09/13/19
UPGRADE
BOFA
Buy
Tradeweb Markets upgraded to Buy from Neutral at BofA/Merrill
09/13/19
BOFA
09/13/19
DOWNGRADE
BOFA
Underperform
Cboe Global Markets downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst Michael Carrier double downgraded Cboe Global Markets (CBOE) to Underperform from Buy saying trends have moderated some in September while its compares in Q4 are tough. Further, open interest and assets under management in volatility products have been moderating, Carrier tells investors in a research note. The analyst coupled the double downgrade with an upgrade of Tradeweb Markets (TW) to Buy.
09/13/19
BOFA
09/13/19
UPGRADE
BOFA
Buy
Tradeweb Markets upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Michael Carrier upgraded Tradeweb Markets to Buy from Neutral with the stock down 16% since the end of July. Meanwhile, the company's volumes continue to outperform expectations and management as shown the ability to drive revenues and margin gains relative to peers, Carrier tells investors in a research note.
STT State Street
$59.24

0.72 (1.23%)

06/26/19
06/26/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. State Street (STT) downgraded to Neutral from Buy at UBS with analyst Brennan Hawken saying he has "very little confidence" in when the company will be able to get past the headwinds it is facing. 2. Allergan (AGN) downgraded to Neutral from Buy at Mizuho with analyst Irina Koffler saying she views the AbbVie (ABBV) deal as "a hard-fought and timely exit" for shareholders, citing her concerns about the weakness in Allergan's aesthetics portfolio and the company's growth challenges. 3. Kinder Morgan (KMI) downgraded to Market Perform from Outperform at Raymond James with analyst Justin Jenkins saying shares are up approximately 35% year-to-date and trade at an above-peer multiple despite a mixed outlook for the asset portfolio. 4. Papa John's (PZZA) downgraded to Neutral from Buy at Kalinowski. 5. Illinois Tool Works (ITW) downgraded to Sell from Neutral at Northcoast with the firm's analyst citing concentrated Automotive exposure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/08/19
MSCO
07/08/19
DOWNGRADE
MSCO
Underweight
State Street downgraded to Underweight from Overweight at Morgan Stanley
Morgan Stanley analyst Betsy Graseck double downgraded State Street to Underweight from Overweight.
07/08/19
MSCO
07/08/19
DOWNGRADE
MSCO
Underweight
Morgan Stanley cuts large cap banks view, double downgrades State Street, BNY
As previously reported, Morgan Stanley analyst Betsy Graseck double downgraded State Street (STT) and BNY Mellon (BK), each to Underweight from Overweight, and downgraded her industry view for large cap banks to In-Line from Attractive. The group is up 23% year-to-date, but the next 6-18 months look tougher as global GDP is slowing, inflation expectations are dimming and the Fed is expected to cut rates in 2019 and 2020, which will make it "much harder for bank stocks to deliver positive surprises in operating leverage," Graseck tells investors. While she is not double downgrading the group to Cautious, because credit remains strong, Graseck sees trust banks as most exposed to the yield curve ahead of what she foresees as "18 months of rate cuts," the analyst added. She lowered her price targets on a number of large cap banks and cut her target on State Street to $55 from $69 while dropping her target for BNY to $41 from $50.
07/08/19
07/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell from Neutral at Rosenblatt with analyst Jun Zhang citing his view that its fundamental will deteriorate over the next 6-12 months. 2. Verizon (VZ) downgraded to Neutral from Buy at Citi with analyst Michael Rollins saying rising long-term industry risks and the stock's current valuation premium are likely to limit returns over the next 12-months. 3. F5 Networks (FFIV) downgraded to Sell from Neutral at Goldman Sachs with analyst Rod Hall saying the company's earnings risks are increasing due to the weaker short-term spending environment and increasing competitive threat. 4. BNY Mellon (BK) and State Street (STT) were double downgraded to Underweight from Overweight at Morgan Stanley. 5. American Airlines (AAL) downgraded to Underperform from Neutral at Credit Suisse with analyst Jose Caiado citing labor and Boeing (BA) 737 Max risk. 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

JACK

Jack in the Box

$80.75

-4.14 (-4.88%)

08:06
11/22/19
11/22
08:06
11/22/19
08:06
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Jack in the Box analyst commentary  »

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AN

AutoNation

$51.45

-0.45 (-0.87%)

, ODP

Office Depot

$2.38

0.075 (3.25%)

08:04
11/22/19
11/22
08:04
11/22/19
08:04
Hot Stocks
AutoNation appoints Joseph Lower CFO »

AutoNation (AN) announced…

AN

AutoNation

$51.45

-0.45 (-0.87%)

ODP

Office Depot

$2.38

0.075 (3.25%)

03/08/13
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FFRMF

Future Farm

$0.00

(0.00%)

08:04
11/22/19
11/22
08:04
11/22/19
08:04
Hot Stocks
Future Farm completes drying, curing of hemp, seeds in Maine »

Future Farm Technologies…

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LGF.A

Lionsgate

$9.22

-0.28 (-2.95%)

, CMCSA

Comcast

$44.37

0.15 (0.34%)

08:03
11/22/19
11/22
08:03
11/22/19
08:03
Recommendations
Lionsgate, Comcast analyst commentary  »

Lionsgate price target…

LGF.A

Lionsgate

$9.22

-0.28 (-2.95%)

CMCSA

Comcast

$44.37

0.15 (0.34%)

03/08/13
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03/06/13
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03/06/13
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  • 09

    Dec

HCI

HCI Group

$44.54

-0.86 (-1.89%)

08:03
11/22/19
11/22
08:03
11/22/19
08:03
Hot Stocks
HCI Group announces TypTap surpasses $50M in premiums »

HCI Group announced that…

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  • 02

    Dec

ZTS

Zoetis

$120.25

0.75 (0.63%)

08:01
11/22/19
11/22
08:01
11/22/19
08:01
Hot Stocks
Zoetis acquires ZNLabs, terms not disclosed »

Zoetis announced the…

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VG

Vonage

$7.46

0.25 (3.47%)

, SAP

SAP

$135.56

0.59 (0.44%)

08:00
11/22/19
11/22
08:00
11/22/19
08:00
Hot Stocks
Vonage names former SAP executive as President of Applications Group »

Vonage (VG) announced…

VG

Vonage

$7.46

0.25 (3.47%)

SAP

SAP

$135.56

0.59 (0.44%)

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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  • 02

    Dec

  • 09

    Dec

EPAM

Epam Systems

$205.39

-3.04 (-1.46%)

08:00
11/22/19
11/22
08:00
11/22/19
08:00
Recommendations
Epam Systems analyst commentary  »

Epam Systems price target…

03/08/13
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AAPL

Apple

$262.04

-1.15 (-0.44%)

08:00
11/22/19
11/22
08:00
11/22/19
08:00
Options
Apple put buyer realizes 25% same-day gains »

Notable profits for the…

03/08/13
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03/06/13
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07:58
11/22/19
11/22
07:58
11/22/19
07:58
Conference/Events
FDA Blood Products Advisory Committee to hold a meeting »

The Committee discusses…

ROST

Ross Stores

$111.81

1.39 (1.26%)

07:55
11/22/19
11/22
07:55
11/22/19
07:55
Recommendations
Ross Stores analyst commentary  »

Ross Stores…

03/08/13
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03/08/13
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  • 05

    Dec

ALNY

Alnylam

$111.26

3 (2.77%)

07:55
11/22/19
11/22
07:55
11/22/19
07:55
Conference/Events
Alnylam to host research and development day »

Research and Development…

03/08/13
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  • 22

    Nov

  • 07

    Dec

  • 04

    Feb

EPAM

Epam Systems

$205.39

-3.04 (-1.46%)

07:52
11/22/19
11/22
07:52
11/22/19
07:52
Recommendations
Epam Systems analyst commentary  »

Epam Systems price target…

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PLAN

Anaplan

$53.00

3.84 (7.81%)

07:51
11/22/19
11/22
07:51
11/22/19
07:51
Recommendations
Anaplan analyst commentary  »

Anaplan exemplary…

03/08/13
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STZ

Constellation Brands

$186.57

0.75 (0.40%)

, CGC

Canopy Growth

$20.28

2.65 (15.03%)

07:51
11/22/19
11/22
07:51
11/22/19
07:51
Hot Stocks
Constellation plans no contributions to Canopy beyond exercise of warrants »

Constellation Brands…

STZ

Constellation Brands

$186.57

0.75 (0.40%)

CGC

Canopy Growth

$20.28

2.65 (15.03%)

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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JNPR

Juniper

$25.32

-0.24 (-0.94%)

07:51
11/22/19
11/22
07:51
11/22/19
07:51
Hot Stocks
Juniper announces milestone for longest 400GbE deployment »

Juniper Networks…

03/08/13
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  • 09

    Dec

  • 09

    Dec

  • 12

    Dec

ADSK

Autodesk

$165.15

-0.19 (-0.11%)

07:47
11/22/19
11/22
07:47
11/22/19
07:47
Recommendations
Autodesk analyst commentary  »

Autodesk should meet or…

03/08/13
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  • 26

    Nov

  • 02

    Dec

LOW

Lowe's

$116.96

-0.88 (-0.75%)

, HD

Home Depot

$218.56

-2.28 (-1.03%)

07:43
11/22/19
11/22
07:43
11/22/19
07:43
Recommendations
Lowe's, Home Depot analyst commentary  »

Lowe's price target…

LOW

Lowe's

$116.96

-0.88 (-0.75%)

HD

Home Depot

$218.56

-2.28 (-1.03%)

03/08/13
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  • 03

    Dec

  • 11

    Dec

  • 25

    Feb

PZZA

Papa John's

$61.47

1.2 (1.99%)

07:42
11/22/19
11/22
07:42
11/22/19
07:42
Recommendations
Papa John's analyst commentary  »

Papa John's checks…

03/08/13
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03/08/13
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03/06/13
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  • 11

    Dec

TSLA

Tesla

$354.82

2.49 (0.71%)

07:41
11/22/19
11/22
07:41
11/22/19
07:41
Recommendations
Tesla analyst commentary  »

Tesla pickup unveiled…

03/08/13
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BRMK

Broadmark Realty Capital

$10.94

-0.02 (-0.18%)

07:40
11/22/19
11/22
07:40
11/22/19
07:40
Initiation
Broadmark Realty Capital initiated  »

Broadmark Realty Capital…

03/08/13
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03/06/13
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07:40
11/22/19
11/22
07:40
11/22/19
07:40
General news
Treasury Market Outlook: bond yields are modestly richer outside of Asia »

Treasury Market Outlook:…

NKSH

National Bankshares

$47.08

1.59 (3.50%)

07:39
11/22/19
11/22
07:39
11/22/19
07:39
Downgrade
National Bankshares rating change  »

National Bankshares…

03/08/13
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03/08/13
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03/06/13
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PRPO

Precipio

$2.03

0.01 (0.50%)

07:37
11/22/19
11/22
07:37
11/22/19
07:37
Initiation
Precipio initiated  »

Precipio initiated with a…

03/08/13
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03/06/13
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BIIB

Biogen

$288.66

3.68 (1.29%)

07:36
11/22/19
11/22
07:36
11/22/19
07:36
Hot Stocks
Biogen announces results from Phase 3 EVOLVE-MS-2 study »

Biogen announced detailed…

03/08/13
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03/06/13
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  • 04

    Dec

  • 05

    Dec

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