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PNC

PNC Financial

$158.60

-0.3 (-0.19%)

, PYPL

PayPal

$107.68

2.01 (1.90%)

13:57
12/14/19
12/14
13:57
12/14/19
13:57

PNC clients having trouble connecting to PayPal's Venmo, WSJ reports

Many of PNC Financial's (PNC) clients are having trouble connecting their accounts to PayPal's (PYPL) Venmo app, highlighting the rivalry between the banking industry and financial technology companies, Yuka Hayashi of Wall Street Journal reports. When the customers have sought help, they have found the two companies blaming each other for the disruption, Hayashi says. Reference Link

PNC

PNC Financial

$158.60

-0.3 (-0.19%)

PYPL

PayPal

$107.68

2.01 (1.90%)

  • 18

    Dec

  • 15

    Jan

PNC PNC Financial
$158.60

-0.3 (-0.19%)

12/09/19
12/09/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. 3M (MMM) downgraded to Neutral from Buy at Citi with analyst Andrew Kaplowitz saying with industrial production having peaked in December 2018, the "industrial cycle" is in the midst of a mild downturn that could stabilize. 2. PNC Financial (PNC) downgraded to Outperform from Top Pick at RBC Capital with analyst Gerard Cassidy saying while the outlook for the stock remains "robust" and he still views the company as one of the top performing U.S. banks, he prefers Truist Financial Corporation as his new Top Pick rated bank stock given the opportunity offered by its recent merger combining BB&T (BBT) and SunTrust (STI). 3. Macy's (M) downgraded to Sell from Neutral at Goldman Sachs with analyst Alexandra Walvis saying while acknowledging the stock's year-to-date underperformance and "already weak sentiment" following the recent deterioration in fundamentals, she sees "significant additional downside" to Macy's retail operations. 4. Chevron (CVX) downgraded to Neutral from Buy at Citi with analyst Alastair Syme saying Chevron has emerged as a "relative safe haven" for energy investors given its balance sheet strength and clear capital allocation; however, the "safe-haven status might now be overplayed." 5. Harvard Bioscience (HBIO) downgraded to Speculative Buy from Buy at Benchmark with analyst Bruce Jackson citing the corporate restructuring that the company is undergoing as part of the new strategic plan introduced in September. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/09/19
RBCM
12/09/19
DOWNGRADE
Target $155
RBCM
Outperform
PNC Financial downgraded to Outperform from Top Pick at RBC Capital
RBC Capital analyst Gerard Cassidy downgraded PNC Financial (PNC) to Outperform from Top Pick with an unchanged $155 price target. The analyst notes that while the outlook for the stock remains "robust" and he still views the company as one of the top performing U.S. banks, he prefers Truist Financial Corporation as his new Top Pick rated bank stock given the opportunity offered by its recent merger combining BB&T (BBT) and SunTrust (STI).
11/25/19
ODEN
11/25/19
INITIATION
ODEN
Hold
PNC Financial initiated with a Hold at Odeon Capital
Odeon Capital analyst Dick Bove initiated coverage of PNC Financial with a Hold rating. While Bove notes PNC is building its non-interest income businesses and thinks it has a "solid" balance sheet, he also sees it being vulnerable to increased competition and views it as "heavily exposed" to commercial and industrial lending at a time when these markets are pressured.
10/17/19
WELS
10/17/19
NO CHANGE
Target $147
WELS
Market Perform
PNC Financial price target raised to $147 from $134 at Wells Fargo
Wells Fargo analyst Mike Mayo raised his price target for PNC Financial to $147 from $134 as its Q3 results reflected better than expected top line growth from both NII and fees. The analyst reiterates a Market Perform rating on the shares.
PYPL PayPal
$107.68

2.01 (1.90%)

12/05/19
12/05/19
INITIATION

Compass Point starts Visa, Mastercard, PayPal at Buy in initiation of payments
Compass Point analyst Michael Del Grosso initiated coverage of the payments space, telling investors that he believes the industry will see more disruption and more consolidation in 2020. He believes the industry continues to benefit from tailwinds that include a healthy U.S. consumer, continued integration of software and payments, the rise of mobile commerce, and growth in cross-border payments, Del Grosso added. He started Visa (V) with a Buy rating and $215 price target, citing its "unmatched" scale and market-leading position, stating that he expects continued volume growth from new payment streams. He started Mastercard (MA) with a Buy rating and $330 price target, calling it one of the best-positioned companies to benefit from the continued shift of new payment flows and increasing forms of electronic payments. He started PayPal (PYPL) with a Buy rating and $120 price target, as he believes risks are largely priced-in and the stock's valuation presents an attractive entry-point. Del Grosso started Square (SQ) with a Neutral rating and $70 price target, stating that he thinks "the poster child for the convergence of software and payments" has strong fundamentals and impressive growth, but those are currently reflected in its stock price. He started EVO Payments (EVOP) with a Neutral rating and $28 price target, stating that upcoming bank renewals, ongoing transition in Spain, and current valuation leave him on the sidelines. Del Grosso started Adyen (ADYYF) with a Neutral rating and EUR $650 price target, citing what he sees as a "lofty" valuation within the "highly competitive" e-commerce payments space.
12/05/19
COMP
12/05/19
INITIATION
Target $120
COMP
Buy
PayPal initiated with a Buy at Compass Point
Compass Point initiated coverage of PayPal with a Buy rating and $120 price target.
12/02/19
CHLM
12/02/19
NO CHANGE
Target $120
CHLM
Buy
PayPal poised to outperform in the near-term, says Craig-Hallum
Craig-Hallum analyst Bradley Berning expects PayPal's (PYPL) stock to outperform in the near-term as it is very well positioned with U.S. online holiday sales strength with the shortened sales season, non-Amazon (AMZN) stores such as Walmart (WMT) and Target (TGT) outperforming Amazon growth, and strong international sales in early indications of the holiday season. Berning tells investors in a research note that he views PayPal's relative valuation as attractive vs. Visa (V), Mastercard (MA) and Square (SQ). The analyst keeps a Buy rating and $120 price target on PayPal shares.
11/29/19
BARD
11/29/19
NO CHANGE
BARD
Outperform
Baird still sees 14%+ online spending growth over key holiday shopping season
Baird analyst Colin Sebastian said he remains comfortable with his holiday season e-commerce forecast, saying he still expects "solid" 14%+ online spending growth over the key holiday shopping season, with fewer days between Thanksgiving and Christmas likely benefiting Amazon (AMZN) and traditional retail. The analyst said that overall e-commerce volumes seem to be tracking in line through mid-day of Black Friday, while Thanksgiving Day sales, per Adobe data, were "slightly below" Amazon's forecast, with stronger 17% growth reported by Salesforce.com data. Global e-commerce volume growth is tracking at greater than or equal to 20%, Sebastian added. The analyst also noted that his proprietary tracking of Shopify (SHOP) volumes indicates holiday volumes are up roughly 60% year-over-year, above his total fourth quarter gross merchandise volume growth estimate of about 45%. Sebastian has an Outperform rating on Amazon, Shopify, Alibaba (BABA), eBay (EBAY), and PayPal (PYPL).

TODAY'S FREE FLY STORIES

BT

BT Group

$0.00

(0.00%)

, GOOG

Alphabet

$1,461.36

9.42 (0.65%)

11:42
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BT partners with Google to include Stadia in broadband bundles »

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GOOG

Alphabet

$1,461.36

9.42 (0.65%)

GOOGL

Alphabet Class A

$1,459.67

9.84 (0.68%)

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PLAY

Dave & Buster's

$46.14

4.085 (9.71%)

11:39
01/17/20
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01/17/20
11:39
Recommendations
Dave & Buster's analyst commentary  »

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FB

Facebook

$220.95

-0.83 (-0.37%)

11:37
01/17/20
01/17
11:37
01/17/20
11:37
Periodicals
Facebook cuts Oculus Go price to $149 from $199, UploadVR reports »

Facebook said that it has…

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WMT

Walmart

$115.15

-0.74 (-0.64%)

11:36
01/17/20
01/17
11:36
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11:36
Hot Stocks
Walmart U.S. names Dacona Smith as incoming COO »

Walmart U.S. says Dacona…

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  • 21

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GOOGL

Alphabet Class A

$1,461.15

11.32 (0.78%)

, GOOG

Alphabet

$1,462.70

10.76 (0.74%)

11:33
01/17/20
01/17
11:33
01/17/20
11:33
Periodicals
Google working to bring Steam support to Chromebooks, Android Police says »

Kan Liu, director of…

GOOGL

Alphabet Class A

$1,461.15

11.32 (0.78%)

GOOG

Alphabet

$1,462.70

10.76 (0.74%)

03/08/13
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03/06/13
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  • 22

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WMT

Walmart

$115.30

-0.59 (-0.51%)

11:28
01/17/20
01/17
11:28
01/17/20
11:28
Periodicals
Walmart chief merchant Steve Bratspies to depart, WSJ reports »

Walmart chief…

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  • 21

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NFLX

Netflix

$339.15

0.48 (0.14%)

11:25
01/17/20
01/17
11:25
01/17/20
11:25
Hot Stocks
Netflix opens new Paris office, boosts investment in France »

Netflix announced the…

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11:25
01/17/20
01/17
11:25
01/17/20
11:25
General news
Philly Fed's Harker said the economy is looking "pretty good," »

Philly Fed's Harker…

AMED

Amedisys

$180.60

-0.59 (-0.33%)

11:25
01/17/20
01/17
11:25
01/17/20
11:25
Conference/Events
Amedisys participates in a conference call with Benchmark »

Healthcare Analyst…

03/08/13
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03/06/13
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  • 17

    Jan

IBM

IBM

$137.15

-0.85 (-0.62%)

, PINS

Pinterest

$23.11

0.15 (0.65%)

11:24
01/17/20
01/17
11:24
01/17/20
11:24
On The Fly
IBM downgrade, Pinterest upgrade among today's top analyst calls »

Check out today's top…

IBM

IBM

$137.15

-0.85 (-0.62%)

PINS

Pinterest

$23.11

0.15 (0.65%)

EBAY

eBay

$35.69

-0.22 (-0.61%)

TWTR

Twitter

$34.11

-0.08 (-0.23%)

SNAP

Snap

$19.10

0.85 (4.66%)

QCOM

Qualcomm

$95.08

3.305 (3.60%)

WDC

Western Digital

$68.69

0.07 (0.10%)

LUV

Southwest

$55.31

0.01 (0.02%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
Barclays

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    Feb

NCLH

Norwegian Cruise Line

$59.43

0.84 (1.43%)

11:21
01/17/20
01/17
11:21
01/17/20
11:21
Periodicals
Breaking Periodicals news story on Norwegian Cruise Line »

Hedgeye names Norwegian…

03/08/13
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03/06/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
01/17/20
01/17
11:17
01/17/20
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
01/17/20
01/17
11:16
01/17/20
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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UNIT

Uniti Group

$7.45

-0.49 (-6.17%)

11:15
01/17/20
01/17
11:15
01/17/20
11:15
Options
Uniti Group put volume heavy and directionally bearish »

Bearish flow noted in…

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11:10
01/17/20
01/17
11:10
01/17/20
11:10
General news
Today's U.S. reports »

Today's U.S. reports…

STT

State Street

$84.45

3.445 (4.25%)

11:08
01/17/20
01/17
11:08
01/17/20
11:08
Periodicals
State Street held talks to find buyer for Currenex, FT reports »

State Street has held…

03/08/13
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  • 17

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10:55
01/17/20
01/17
10:55
01/17/20
10:55
General news
U.S. equities are modestly firmer at fresh record highs »

U.S. equities are…

ERIC

Ericsson

$9.01

-0.075 (-0.83%)

10:55
01/17/20
01/17
10:55
01/17/20
10:55
Options
Ericsson put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 24

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10:55
01/17/20
01/17
10:55
01/17/20
10:55
General news
FX Action: USD-JPY »

FX Action: USD-JPY…

JBLU

JetBlue

$19.30

0.28 (1.47%)

10:45
01/17/20
01/17
10:45
01/17/20
10:45
Options
JetBlue call volume above normal and directionally bullish »

Bullish option flow…

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  • 23

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10:40
01/17/20
01/17
10:40
01/17/20
10:40
General news
FX Action: USD-CAD »

FX Action: USD-CAD has…

ES

Eversource

$87.74

0.01 (0.01%)

, CMS

CMS Energy

$65.28

-0.1 (-0.15%)

10:32
01/17/20
01/17
10:32
01/17/20
10:32
Downgrade
Eversource, CMS Energy, NextEra Energy rating change  »

NextEra, CMS Energy,…

ES

Eversource

$87.74

0.01 (0.01%)

CMS

CMS Energy

$65.28

-0.1 (-0.15%)

NEE

NextEra Energy

$251.86

-0.41 (-0.16%)

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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  • 22

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TWTR

Twitter

$34.14

-0.05 (-0.15%)

, SNAP

Snap

$19.15

0.9 (4.93%)

10:31
01/17/20
01/17
10:31
01/17/20
10:31
On The Fly
Analysts bullish on Pinterest, Snap as Twitter gets downgraded to Neutral »

Shares of social media…

TWTR

Twitter

$34.14

-0.05 (-0.15%)

SNAP

Snap

$19.15

0.9 (4.93%)

PINS

Pinterest

$23.30

0.34 (1.48%)

FB

Facebook

$221.31

-0.47 (-0.21%)

03/08/13
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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

10:30
01/17/20
01/17
10:30
01/17/20
10:30
Options
Busy week for 50 Cent as another massive block of calls is bought »

Busy week for 50 Cent as…

03/08/13
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PLAY

Dave & Buster's

$47.28

5.23 (12.44%)

, KKR

KKR

$31.17

0.67 (2.20%)

10:30
01/17/20
01/17
10:30
01/17/20
10:30
Periodicals
KKR not discussing going hostile on Dave & Buster's, Axios reports »

KKR (KKR) has a…

PLAY

Dave & Buster's

$47.28

5.23 (12.44%)

KKR

KKR

$31.17

0.67 (2.20%)

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