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C

Citi

$70.17

-0.11 (-0.16%)

10:18
10/15/19
10/15
10:18
10/15/19
10:18

Citi sees pre-tax loss of ($100M)-($150M) in corporate/other in Q4

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C Citi
$70.17

-0.11 (-0.16%)

07/26/19
07/26/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Goldman Sachs (GS) and Citi (C) upgraded to Outperform from Market Perform at Keefe Bruyette. 2. Ambev (ABEV) upgraded to Neutral from Underweight at JPMorgan with analyst Lucas Ferreira saying the post-earnings share rally shows that investors are chasing good growth stories to play Brazil's economic recovery. 3. West Pharmaceutical (WST) upgraded to Neutral from Underperform at BofA/Merrill with analyst Derik de Bruin saying that over the course of the first half, the company addressed his prior concerns around organic revenue growth and product mix trends while also boosting its operating margins and generating higher free cash flows. 4. Union Pacific (UNP) upgraded to Overweight from Neutral at Atlantic Equities, while CSX (CSX) was upgraded to Neutral from Underweight. 5. Hasbro (HAS) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's dominant position with a range of "strong" brands as well as in the big-screen business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/19
BOFA
09/06/19
NO CHANGE
BOFA
BofA/Merrill sees Citi, Citizens BB&T risk/reward as 'compelling'
BofA Merrill Lynch analyst Erika Najarian said she does not believe bank stocks are pricing in a recession, though they are "bearing the brunt of cycle concerns." Bank stocks could be at a near-term bottom, said Najarian, who sees compelling risk/rewards for shares of Citi (C), Citizens Financial (CFG) and BB&T (BBT) even when taking into account theoretical fair value in a recession. Even in the case of a recession, banks have materially improved underwriting since the financial crisis and she estimates an average 46% EPS hit in a downturn but only a 5% hit in tangible book value versus consensus 2020 forecasts, Najarian tells investors.
09/10/19
UBSW
09/10/19
DOWNGRADE
Target $49
UBSW
Neutral
Wells Fargo downgraded to Neutral from Buy at UBS
UBS analyst Saul Martinez downgraded Wells Fargo (WFC) to Neutral and lowered his price target on the stock to $49 from $51. The analyst attributes the rating change to his reduced estimates for earnings and lower net interest income along with the continued uncertainty and low visibility around the progress in the management's efficiency improvements. Martinez also cites Wells Fargo's relative valuation, with shares trading at 11.3-times expected FY20 earnings - a premium to JP Morgan's (JPM) 10.8-times, Bank of America's (BAC) 9.2-times, and Citigroup's (C) 7.9-times.
09/24/19
MSCO
09/24/19
NO CHANGE
MSCO
Large-cap banks aren't gaining deposit market share, says Morgan Stanley
Morgan Stanley analyst Ken Zerbe said he continues to hear the "false narrative" that large-cap banks must be gaining market share due to their superior technology, but he insists they are not and that small and mid-cap banks have consistently gained deposit market share over the last five years. Individual large-cap banks that have had the biggest deposit share gains include Goldman Sachs (GS), Ally Financial (ALLY) and Synchrony Financial (SYF), while mid-cap banks that have delivered the biggest gains in share of total deposits include First Republic (FRC), KeyCorp (KEY) and Huntington (HBAN), Zerbe tells investors. Large-cap banks that have seen the largest declines in their respective individual shares of total deposits include JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C), while deposit share losers among mid-cap banks include Comerica (CMA), Prosperity Bancshares (PB) and Zions (ZION), said Zerbe.

TODAY'S FREE FLY STORIES

AXAS

Abraxas Petroleum

$0.28

(0.00%)

10:11
11/19/19
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Abraxas Petroleum rating change  »

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10:10
11/19/19
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General news
Quarterly Services Report [Advance] Iformation Revenue data reported »

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10:10
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11/19/19
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General news
Quarterly Services Report [Advance] Iformation Revenue data reported »

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BRY

Berry Petroleum

$10.90

-0.405 (-3.58%)

10:10
11/19/19
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Berry Petroleum rating change  »

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General news
E-Commerce Retail Sales E- Q/Q Change SAAR data reported »

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CHK

Chesapeake

$0.59

-0.0496 (-7.70%)

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CPE

Callon Petroleum

$3.83

-0.115 (-2.92%)

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EOG

EOG Resources

$70.11

-1.15 (-1.61%)

10:10
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10:10
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EOG Resources rating change  »

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FXI

iShares China Large-Cap ETF

$41.74

0.455 (1.10%)

10:10
11/19/19
11/19
10:10
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10:10
Options
$1.5M Call buyer in China ETF »

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FANG

Diamondback Energy

$74.48

-1.24 (-1.64%)

10:09
11/19/19
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10:09
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Diamondback Energy rating change  »

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MGY

Magnolia Oil & Gas

$11.32

-0.15 (-1.31%)

10:09
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10:09
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Magnolia Oil & Gas rating change  »

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OAS

Oasis Petroleum

$2.49

-0.135 (-5.14%)

10:09
11/19/19
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10:09
Downgrade
Oasis Petroleum rating change  »

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SWN

Southwestern Energy

$1.96

-0.015 (-0.76%)

10:08
11/19/19
11/19
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10:08
Downgrade
Southwestern Energy rating change  »

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AVGO

Broadcom

$322.68

11.73 (3.77%)

, T

AT&T

$38.65

-0.96 (-2.42%)

10:08
11/19/19
11/19
10:08
11/19/19
10:08
On The Fly
AT&T, MSG Networks downgrades among today's top analyst calls »

Check out today's top…

AVGO

Broadcom

$322.68

11.73 (3.77%)

T

AT&T

$38.65

-0.96 (-2.42%)

I

Intelsat

$5.90

-2.08 (-26.07%)

MSGN

MSG Networks

$17.82

-0.675 (-3.65%)

IMAX

Imax

$21.28

0.4 (1.92%)

AMC

AMC Entertainment

$8.79

0.3 (3.53%)

CNK

Cinemark

$34.42

0.295 (0.86%)

03/08/13
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03/06/13
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03/06/13
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    Jan

WHLR

Wheeler REIT

$1.85

(0.00%)

10:08
11/19/19
11/19
10:08
11/19/19
10:08
Hot Stocks
Stilwell Group urges Wheeler REIT shareholders to vote for director nominees »

The Stilwell Group, the…

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  • 19

    Dec

CHWY

Chewy

$22.50

0.395 (1.79%)

10:05
11/19/19
11/19
10:05
11/19/19
10:05
Options
Chewy call volume above normal and directionally bullish »

Bullish option flow…

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  • 09

    Dec

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    Dec

TGT

Target

$110.21

-0.38 (-0.34%)

, AMZN

Amazon.com

$1,756.23

3.53 (0.20%)

10:04
11/19/19
11/19
10:04
11/19/19
10:04
Earnings
Fly Intel: What to watch in Target's earnings report »

Target (TGT) is scheduled…

TGT

Target

$110.21

-0.38 (-0.34%)

AMZN

Amazon.com

$1,756.23

3.53 (0.20%)

WMT

Walmart

$120.20

-0.01 (-0.01%)

03/08/13
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  • 19

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FBIO

Fortress Biotech

$1.85

-0.04 (-2.12%)

10:04
11/19/19
11/19
10:04
11/19/19
10:04
Conference/Events
Fortress Biotech management to meet with Philadelphia Securities Association »

Group Luncheon Meeting…

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  • 19

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MMS

Maximus

$75.60

-1.93 (-2.49%)

10:01
11/19/19
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10:01
11/19/19
10:01
Earnings
Maximus says fiscal 2020 revenue will be stronger in first half »

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  • 19

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PFG

Principal Financial

$54.77

0.5 (0.92%)

10:01
11/19/19
11/19
10:01
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10:01
Conference/Events
Principal Financial management to meet with Sandler ONeill »

Meetings to be held in…

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  • 20

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VAL

Valaris

$3.82

-0.38 (-9.05%)

10:00
11/19/19
11/19
10:00
11/19/19
10:00
Hot Stocks
Valaris falls -8.8% »

Valaris is down -8.8%, or…

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KSS

Kohl's

$49.52

-8.875 (-15.20%)

10:00
11/19/19
11/19
10:00
11/19/19
10:00
Hot Stocks
Kohl's falls -15.2% »

Kohl's is down…

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  • 19

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I

Intelsat

$6.14

-1.84 (-23.06%)

10:00
11/19/19
11/19
10:00
11/19/19
10:00
Hot Stocks
Intelsat falls -23.4% »

Intelsat is down -23.4%,…

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  • 10

    Dec

AMRX

Amneal Pharmaceuticals

$3.05

0.215 (7.58%)

10:00
11/19/19
11/19
10:00
11/19/19
10:00
Hot Stocks
Amneal Pharmaceuticals rises 8.8% »

Amneal Pharmaceuticals is…

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JKS

JinkoSolar

$16.95

2.07 (13.91%)

10:00
11/19/19
11/19
10:00
11/19/19
10:00
Hot Stocks
JinkoSolar rises 13.9% »

JinkoSolar is up 13.9%,…

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