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WBK

Westpac

$16.68

(0.00%)

06:59
11/26/19
11/26
06:59
11/26/19
06:59

Westpac CEO, chairman to step down after money-laundering scandal, FT says

Westpac's CEO Brian Hartzer and chairman Lindsay Maxsted will step down in the wake of a money-laundering scandal that alleges the bank may have facilitated child exploitation by paedophiles, Jamie Smyth of the Financial Times reported, citing a statement from the bank. Maxsted said Hartzer would step down and be replaced by CFO Peter King until a search for a replacement CEO is conducted. Maxsted also said he would retire as chairman during the first half of 2020. Reference Link

WBK Westpac
$16.68

(0.00%)

08/02/19
08/02/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. FMC Corporation (FMC) upgraded to Buy from Neutral at Goldman Sachs with analyst Adam Samuelson saying he views FMC as a as "unique crop protection pure-play" with favorable growth prospects related to its diamides business and a "healthy" pipeline of crop protection active ingredients. 2. Pinterest (PINS) upgraded to Buy from Hold at Deutsche Bank with analyst Lloyd Walmsley saying he raised his estimates meaningfully following last night's Q2 results on more confidence that the company can scale its ad business, in the U.S. and internationally, faster than expected. 3. Westpac Banking (WBK) upgraded to Equal Weight from Underweight at Morgan Stanley. 4. Kroger (KR) upgraded to Buy from Hold at Pivotal Research with analyst Ajay Jain saying despite a lack of near-term catalysts, Kroger shares are "simply mispriced at this time." 5. SurveyMonkey (SVMK) upgraded to Buy from Neutral at UBS with analyst Eric Sheridan saying the company's execution points towards "strong" compounding growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/02/19
FBCO
09/02/19
UPGRADE
FBCO
Outperform
Westpac Banking upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse analyst Jarrod Martin upgraded Westpac Banking to Outperform from Neutral and raised his price target for the shares to A$30.55 from A$28.60.
09/03/19
09/03/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Under Armour (UA, UAA) upgraded to Market Perform from Underperform at Bernstein. 2. Westpac Banking (WBK) upgraded to Outperform from Neutral at Credit Suisse. 3. Square (SQ) upgraded to Buy from Hold at SunTrust and to Buy from Neutral at MoffettNathanson. 4. Brinker (EAT) upgraded to Buy from Hold at Gordon Haskett with analyst Jeffrey Farmer saying he views the stock's risk/reward as "compelling" amid low expectations and a "building" catalyst in delivery. 5. Snap (SNAP) and Lam Research (LRCX) upgraded to Outperform from In Line at Evercore ISI while Western Digital (WDC) was upgraded to In Line from Underperform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/05/19
JEFF
11/05/19
INITIATION
JEFF
Underperform
Westpac Banking initiated with an Underperform at Jefferies
Jefferies analyst Brian Johnson initiated coverage of Westpac Banking with an Underperform rating and A$26.10 price target. A fiscal 2019 earnings miss, earnings headwinds in 2020 and a cut in the fiscal 2018 final dividend "all point to the continued derating" of the shares, says the analyst.

TODAY'S FREE FLY STORIES

GMED

Globus Medical

$56.88

0.03 (0.05%)

06:51
12/12/19
12/12
06:51
12/12/19
06:51
Upgrade
Globus Medical rating change  »

Globus Medical upgraded…

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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CGC

Canopy Growth

$20.30

0.21 (1.05%)

, STZ

Constellation Brands

$181.63

0.72 (0.40%)

06:51
12/12/19
12/12
06:51
12/12/19
06:51
Recommendations
Canopy Growth, Constellation Brands analyst commentary  »

Canopy Growth price…

CGC

Canopy Growth

$20.30

0.21 (1.05%)

STZ

Constellation Brands

$181.63

0.72 (0.40%)

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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  • 08

    Jan

ASML

ASML

$283.92

5.04 (1.81%)

06:50
12/12/19
12/12
06:50
12/12/19
06:50
Conference/Events
ASML management to meet with KeyBanc »

Meeting to be held in…

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

    Dec

ITT

ITT

$72.86

1.55 (2.17%)

06:50
12/12/19
12/12
06:50
12/12/19
06:50
Hot Stocks
ITT appoints Richard P. Lavin as non-executive Board Chairman effective May 2020 »

ITT has appointed Richard…

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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MMSI

Merit Medical

$29.99

0.69 (2.35%)

06:49
12/12/19
12/12
06:49
12/12/19
06:49
Downgrade
Merit Medical rating change  »

Merit Medical downgraded…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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ROK

Rockwell Automation

$203.41

3.63 (1.82%)

06:49
12/12/19
12/12
06:49
12/12/19
06:49
Initiation
Rockwell Automation initiated  »

Rockwell Automation…

03/08/13
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03/08/13
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03/06/13
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ASMI

ASM International

$0.00

(0.00%)

06:48
12/12/19
12/12
06:48
12/12/19
06:48
Conference/Events
ASM International management to meet with KeyBanc »

Meeting to be held in…

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

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MRK

Merck

$88.96

-0.12 (-0.13%)

06:47
12/12/19
12/12
06:47
12/12/19
06:47
Hot Stocks
Merck: KEYTRUDA showed improvements in OS in Phase 3 KEYNOTE-042 trial »

Merck announced that…

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

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  • 12

    Dec

  • 17

    Dec

  • 24

    Jan

  • 24

    Jan

  • 05

    Feb

  • 14

    Mar

CG

Carlyle Group

$30.19

0.69 (2.34%)

, APO

Apollo Global

$44.97

0.67 (1.51%)

06:47
12/12/19
12/12
06:47
12/12/19
06:47
Downgrade
Carlyle Group, Apollo Global, Ares Management rating change  »

Carlyle Group downgraded…

CG

Carlyle Group

$30.19

0.69 (2.34%)

APO

Apollo Global

$44.97

0.67 (1.51%)

ARES

Ares Management

$33.56

0.01 (0.03%)

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

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  • 26

    Feb

JCI

Johnson Controls

$42.71

0.62 (1.47%)

06:47
12/12/19
12/12
06:47
12/12/19
06:47
Initiation
Johnson Controls initiated  »

Johnson Controls…

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

Apollo Global

$44.97

0.67 (1.51%)

06:46
12/12/19
12/12
06:46
12/12/19
06:46
Downgrade
Apollo Global rating change  »

Apollo Global downgraded…

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

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  • 26

    Feb

FDX

FedEx

$159.05

2.07 (1.32%)

06:44
12/12/19
12/12
06:44
12/12/19
06:44
Upgrade
FedEx rating change  »

FedEx upgraded to Neutral…

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

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  • 17

    Dec

IR

Ingersoll-Rand

$132.95

1.77 (1.35%)

06:42
12/12/19
12/12
06:42
12/12/19
06:42
Initiation
Ingersoll-Rand initiated  »

Ingersoll-Rand initiated…

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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ASMB

Assembly Biosciences

$17.75

0.15 (0.85%)

06:42
12/12/19
12/12
06:42
12/12/19
06:42
Syndicate
Assembly Biosciences 5.152M share Spot Secondary priced at $16.50 »

Jefferies and SVB Leerink…

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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  • 12

    Dec

LL

Lumber Liquidators

$9.49

-0.04 (-0.42%)

06:41
12/12/19
12/12
06:41
12/12/19
06:41
Earnings
Lumber Liquidators backs FY19 revenue growth view of flat to slightly positive »

Consensus $1.09B. Sees…

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

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IIVI

II-VI

$30.41

1.05 (3.58%)

06:41
12/12/19
12/12
06:41
12/12/19
06:41
Initiation
II-VI initiated  »

II-VI initiated with a…

03/08/13
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03/08/13
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03/06/13
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LITE

Lumentum

$69.87

0.97 (1.41%)

06:40
12/12/19
12/12
06:40
12/12/19
06:40
Initiation
Lumentum initiated  »

Lumentum initiated with a…

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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HON

Honeywell

$176.09

2.1 (1.21%)

06:39
12/12/19
12/12
06:39
12/12/19
06:39
Initiation
Honeywell initiated  »

Honeywell initiated with…

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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HD

Home Depot

$211.96

-3.88 (-1.80%)

06:39
12/12/19
12/12
06:39
12/12/19
06:39
Downgrade
Home Depot rating change  »

With 'mixed…

03/08/13
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  • 25

    Feb

ETN

Eaton

$93.38

0.69 (0.74%)

06:35
12/12/19
12/12
06:35
12/12/19
06:35
Initiation
Eaton initiated  »

Eaton initiated with a…

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

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WAL

Western Alliance

$54.03

-0.15 (-0.28%)

06:35
12/12/19
12/12
06:35
12/12/19
06:35
Conference/Events
Western Alliance management to meet with UBS »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 12

    Dec

PLCE

Children's Place

$54.36

-16.31 (-23.08%)

06:35
12/12/19
12/12
06:35
12/12/19
06:35
Downgrade
Children's Place rating change  »

Children's Place…

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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NSC

Norfolk Southern

$191.07

2.43 (1.29%)

06:34
12/12/19
12/12
06:34
12/12/19
06:34
Conference/Events
Norfolk Southern management to meet with UBS »

Meeting to be held in…

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

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  • 12

    Dec

EMR

Emerson

$75.75

1.21 (1.62%)

06:33
12/12/19
12/12
06:33
12/12/19
06:33
Initiation
Emerson initiated  »

Emerson initiated with a…

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

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VERU

Veru

$2.47

0.17 (7.39%)

06:33
12/12/19
12/12
06:33
12/12/19
06:33
Earnings
Veru reports Q4 EPS (5c), consensus (5c) »

Reports Q4 revenue $8.7M,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 12

    Dec

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