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STT

State Street

$63.40

3.69 (6.18%)

20:09
10/18/19
10/18
20:09
10/18/19
20:09

State Street upgraded to Market Perform from Underperform at Keefe Bruyette

Keefe Bruyette analyst Brian Kleinhanzl upgraded State Street to Market Perform from Underperform with a price target of $64, up from $51. State Street beat on revenues and expenses this quarter and saw stability in asset servicing fee rates, which is positive, Kleinhanzl tells investors in a research note. The analyst says that with its core fundamentals stabilized, State Street's Underperform thesis have played out.

  • 18

    Oct

STT State Street
$63.40

3.69 (6.18%)

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

QCOM

Qualcomm

$90.79

-0.11 (-0.12%)

12:05
11/18/19
11/18
12:05
11/18/19
12:05
Options
Qualcomm call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
Citigroup
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  • 19

    Nov

CBS

CBS

$38.40

-0.16 (-0.41%)

, VIA

Viacom

$26.70

0.11 (0.41%)

12:04
11/18/19
11/18
12:04
11/18/19
12:04
Hot Stocks
Viacom and CBS announce ViacomCBS corporate leadership »

CBS (CBS) and Viacom…

CBS

CBS

$38.40

-0.16 (-0.41%)

VIA

Viacom

$26.70

0.11 (0.41%)

VIAB

Viacom

$22.98

-0.09 (-0.39%)

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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  • 09

    Dec

NTDOY

Nintendo

$0.00

(0.00%)

12:01
11/18/19
11/18
12:01
11/18/19
12:01
Periodicals
Nintendo to bring paid memberships to mobile 'Animal Crossing' game, Verge says »

Nintendo told players of…

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RRC

Range Resources

$3.81

-0.43 (-10.14%)

12:00
11/18/19
11/18
12:00
11/18/19
12:00
Hot Stocks
Range Resources falls -10.0% »

Range Resources is down…

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03/06/13
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CANG

Cango

$6.18

-0.61 (-8.98%)

12:00
11/18/19
11/18
12:00
11/18/19
12:00
Hot Stocks
Cango falls -10.6% »

Cango is down -10.6%, or…

03/08/13
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03/06/13
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03/06/13
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QD

Qudian

$6.22

-1.27 (-16.96%)

12:00
11/18/19
11/18
12:00
11/18/19
12:00
Hot Stocks
Qudian falls -17.1% »

Qudian is down -17.1%, or…

03/08/13
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03/06/13
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03/06/13
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  • 18

    Nov

MED

Medifast

$83.99

6.68 (8.64%)

12:00
11/18/19
11/18
12:00
11/18/19
12:00
Hot Stocks
Medifast rises 8.7% »

Medifast is up 8.7%, or…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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GSX

GSX Techedu

$16.34

1.43 (9.59%)

12:00
11/18/19
11/18
12:00
11/18/19
12:00
Hot Stocks
GSX Techedu rises 9.1% »

GSX Techedu is up 9.1%,…

03/08/13
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03/06/13
Citigroup
03/06/13
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CTK

CooTek

$6.23

0.37 (6.31%)

12:00
11/18/19
11/18
12:00
11/18/19
12:00
Hot Stocks
CooTek rises 10.1% »

CooTek is up 10.1%, or…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 18

    Nov

NEW

Puxin Limited

$10.14

-0.69 (-6.37%)

11:57
11/18/19
11/18
11:57
11/18/19
11:57
Upgrade
Puxin Limited rating change  »

Puxin Limited upgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 18

    Nov

PTON

Peloton

$28.33

1.05 (3.85%)

11:55
11/18/19
11/18
11:55
11/18/19
11:55
Hot Stocks
Peloton rises above $29 IPO price for first time »

Earlier, Peloton briefly…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 09

    Dec

I

Intelsat

$13.36

-0.04 (-0.30%)

11:55
11/18/19
11/18
11:55
11/18/19
11:55
Options
Intelsat put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 10

    Dec

11:55
11/18/19
11/18
11:55
11/18/19
11:55
Conference/Events
Wedbush tech strategist to hold an analyst/industry conference call »

Technology Strategist…

NURO

NeuroMetrix

$0.27

0.0063 (2.38%)

11:52
11/18/19
11/18
11:52
11/18/19
11:52
Hot Stocks
NeuroMetrix announces one-for-ten reverse split of common stock »

NeuroMetrix announced 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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I

Intelsat

$13.18

-0.22 (-1.64%)

11:50
11/18/19
11/18
11:50
11/18/19
11:50
Hot Stocks
Intelsat plunges after FCC's Pai calls for public auction of C-band spectrum »

Shares of Intelsat are…

03/08/13
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03/06/13
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  • 10

    Dec

I

Intelsat

$13.27

-0.13 (-0.97%)

11:48
11/18/19
11/18
11:48
11/18/19
11:48
Hot Stocks
FCC Chair calls for public auction of 280 megahertz of C-band »

FCC Chair Ajit Pai…

03/08/13
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03/06/13
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  • 10

    Dec

AUPH

Aurinia Pharmaceuticals

$5.70

0.48 (9.20%)

11:45
11/18/19
11/18
11:45
11/18/19
11:45
Options
Aurinia Pharmaceuticals call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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11:45
11/18/19
11/18
11:45
11/18/19
11:45
General news
Treasury's $87 B 3- and 6-month bill auctions saw solid sponsorship »

Treasury's $87 B 3-…

11:45
11/18/19
11/18
11:45
11/18/19
11:45
General news
Breaking General news story  »

Cleveland Federal Reserve…

WE

We Company

$0.00

(0.00%)

, TMUS

T-Mobile

$77.93

-0.12 (-0.15%)

11:39
11/18/19
11/18
11:39
11/18/19
11:39
On The Fly
T-Mobile's Legere stepping down as CEO, but won't join WeWork »

Shares of T-Mobile (TMUS)…

WE

We Company

$0.00

(0.00%)

TMUS

T-Mobile

$77.93

-0.12 (-0.15%)

S

Sprint

$5.85

0.02 (0.34%)

VZ

Verizon

$59.40

-0.11 (-0.18%)

T

AT&T

$39.32

-0.17 (-0.43%)

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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  • 18

    Nov

  • 18

    Nov

  • 18

    Nov

  • 19

    Nov

  • 09

    Dec

  • 09

    Dec

  • 09

    Dec

  • 10

    Dec

  • 29

    Jan

  • 30

    Jan

11:37
11/18/19
11/18
11:37
11/18/19
11:37
General news
3-Month Bill Auction Total Amount data reported »

3-Month Bill Auction…

11:37
11/18/19
11/18
11:37
11/18/19
11:37
General news
6-Month Bill Auction Total Amount data reported »

6-Month Bill Auction…

WMT

Walmart

$120.41

1.52 (1.28%)

11:36
11/18/19
11/18
11:36
11/18/19
11:36
Periodicals
Three dead following shooting at Walmart in Duncan, OK, Fox 25 reports »

Officials with 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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CLDR

Cloudera

$8.80

0.04 (0.46%)

11:35
11/18/19
11/18
11:35
11/18/19
11:35
Options
Cloudera put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 05

    Dec

  • 09

    Dec

WMT

Walmart

$120.42

1.53 (1.29%)

11:31
11/18/19
11/18
11:31
11/18/19
11:31
Periodicals
Breaking Periodicals news story on Walmart »

At least three people…

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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