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ODFL

Old Dominion

$184.55

0.75 (0.41%)

, STI

SunTrust

$70.09

0.83 (1.20%)

04:55
12/09/19
12/09
04:55
12/09/19
04:55

Old Dominion to replace SunTrust in S&P 500 at open on 12/9

BB&T (BBT) is acquiring SunTrust Banks (STI) in a deal expected to be completed soon pending final conditions. Post acquisition, BB&T will change its name to Truist Financial Corp. and will trade under the ticker "TFC."

ODFL

Old Dominion

$184.55

0.75 (0.41%)

STI

SunTrust

$70.09

0.83 (1.20%)

BBT

BB&T

$0.00

(0.00%)

  • 26

    Feb

ODFL Old Dominion
$184.55

0.75 (0.41%)

10/25/19
STFL
10/25/19
DOWNGRADE
Target $155
STFL
Sell
Old Dominion downgraded to Sell from Hold at Stifel
Stifel analyst David Ross downgraded Old Dominion Freight Line to Sell from Hold with a price target of $155, up from $148. The company reported another sub-80% operating ratio in an environment where freight was down year-over-year, which is good news, Ross tells investors in a research note. However, the bad news, says the analyst, is that its earnings per share of $2.05 fell short of the Street consensus estimate of $2.11. With the stock at an all-time high, the shares have more downside than upside over the next 12 months, contends Ross. He prefers to buy the shares of "this best-in-class company again lower at a more reasonable value."
10/25/19
KEYB
10/25/19
NO CHANGE
Target $215
KEYB
Overweight
Old Dominion price target raised to $215 from $175 at KeyBanc
KeyBanc analyst Todd Fowler raised his price target for Old Dominion to $215 from $175 and maintained an Overweight rating, saying he is "encouraged" with margin performance amidst lower tonnage, with stabilizing trends and resilient pricing incremental positives. Fowler tells investors in a research note that intermediately, share and margin opportunities are seemingly on track, with balance sheet support for network investment and capital deployment.
10/29/19
ARGS
10/29/19
NO CHANGE
Target $205
ARGS
Buy
Old Dominion price target raised to $205 from $180 at Argus
Argus analyst John Eade raised his price target on Old Dominion to $205 and kept his Buy rating after its Q3 results, saying that while earnings just missed consensus, he remains positive on the company's "solid pricing" and expense control trends. The analyst further cites the management commentary on Old Dominion earnings call, noting that the demand environment saw some softness, but business trends may be picking up.
12/05/19
GSCO
12/05/19
INITIATION
Target $173
GSCO
Sell
Old Dominion initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Jordan Alliger initiated coverage of Old Dominion with a Sell rating and $173 price target. The company generates around 60% of its revenues from the industrial end market, Alliger tells investors in a research note. Given the weakness seen in the industrial markets recently, the analyst favors truckers with a heavier consumer-focus. While Old Dominion improved its operating ratio to 79.8% in 2018 from 94.3% in 2009, the margin improvement is now stalling, adds the analyst.
STI SunTrust
$70.09

0.83 (1.20%)

10/08/19
JEFF
10/08/19
UPGRADE
Target $75
JEFF
Buy
SunTrust upgraded to Buy from Hold at Jefferies
Jefferies analyst Ken Usdin upgraded SunTrust Banks to Buy from Hold with a price target of $75, up from $67.
10/08/19
JEFF
10/08/19
NO CHANGE
JEFF
Jefferies changes five bank ratings after looking into 2020, 2021
Jefferies analyst Ken Usdin upgraded BB&T (BBT), SunTrust Banks (STI) and Regions Financial (RF) to Buy from Hold from Hold while downgrading M&T Bank (MTB) and Zions Bancorp (ZION) to Hold from Buy. Looking to 2020 and 2021, banks face slowing earnings growth and "ongoing sentiment hurdles," Usdin tells investors in a research note. The analyst's base case assumes a stable economy, but he notes that "trade talk could tip it either way." Further, the 2020 election could weigh not only on valuation multiples, but also on earnings estimates based on the regulatory outlook, adds the analyst. He believes attractive dividend yields and a shift toward value stocks could help, but admits that earnings revisions are biased down with more rate cuts likely. Regions "has led the pack" in protecting its net interest margin for a tougher rates environment, while BB&T has less downside to estimates relative to peers and a faster earnings growth rate given benefits from the pending merger-of-equals with SunTrust, contends Usdin.
11/11/19
JANY
11/11/19
DOWNGRADE
JANY
Neutral
Janney Montgomery Scott downgrades BB&T to Neutral, says premium may 'flatten'
As previously reported, Janney Montgomery Scott analyst Christopher Marinac downgraded BB&T (BBT) to Neutral from Buy. He believes Friday's announcement that First Horizon Bank (FHN) has entered into an agreement to acquire 30 branches from SunTrust Bank (STI) signals regulatory approval in Q4 and that the BB&T-SunTrust merger will close by year-end, which he calls "a positive development long that we think investors were beginning to question." However, with the merger soon closing he thinks the stock premium for BB&T "might flatten," Marinac tells investors in a research note. He raised his fair value estimate for BB&T shares to $58.00 from $57.50, but said the level of upside expectation is lower than what would warrant a Buy rating on the stock.
11/20/19
JANY
11/20/19
DOWNGRADE
JANY
Neutral
SunTrust downgraded to Neutral from Buy at Janney Montgomery Scott
Janney Montgomery Scott analyst Christopher Marinac downgraded SunTrust (STI) to Neutral from Buy to match his rating on BB&T (BBT) after the latter's acquisition of the former was approved by the Federal Reserve. The merger is set to close on December 6. On BB&T, Marinac said he expects share repurchases to resume post-merger, that he sees a slight net interest margin reduction on a pro-forma basis following the merger and that he sees his fair value estimate of $58.00 for BB&T shares as supportive of a Neutral rating.
BBT BB&T
$0.00

(0.00%)

11/11/19
JANY
11/11/19
DOWNGRADE
JANY
Neutral
BB&T downgraded to Neutral from Buy at Janney Montgomery Scott
Janney Montgomery Scott analyst Christopher Marinac downgraded BB&T to Neutral from Buy.

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CNC

Centene

$59.16

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08:06
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LIVX

LiveXLive Media

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IR

Ingersoll-Rand

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RKDA

Arcadia Biosciences

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WDAY

Workday

$163.69

-2.62 (-1.58%)

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IEA

Infrastructure and Energy Alternatives

$3.71

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AGE

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$1.56

0.295 (23.32%)

, LCTX

Lineage Cell Therapeutics

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  • 30

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AGCO

Agco

$75.99

-0.58 (-0.76%)

08:04
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  • 13

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BLDP

Ballard Power

$6.31

-0.24 (-3.66%)

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IPHI

Inphi

$69.15

-1.035 (-1.47%)

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CNSP

CNS Pharmaceuticals

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FOCS

Focus Financial Partners

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CLNY

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ENPH

Enphase Energy

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  • 12

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WDAY

Workday

$163.69

-2.62 (-1.58%)

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ARQL

ArQule

$19.71

10.035 (103.77%)

, MRK

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PENN

Penn National

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AAPL

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