|Over a month ago|
Fly Intel: Top five analyst upgrades » 10:0804/2404/24/20
EBAY, IMMU, EXPE, KB, FSV
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. eBay (EBAY) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying stay-at-home directives and retail store closures have shifted a substantial portion of consumer spending online, and third party data indicates e-commerce sales have accelerated dramatically beginning in March with strong momentum continuing through April. 2. Immunomedics (IMMU) upgraded to Neutral from Sell at Goldman Sachs with analyst Paul Choi calling the early FDA approval of Trodelvy a clear win for the company and "thesis changer," as he previously "incorrectly" assumed that the company would not be able to adequately address the manufacturing quality control issues. 3. Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities with analyst Andrew Boone citing the company having solidified its balance sheet with a $4B debt and preferred equity raise while also having established a "permanent leadership" in its industry thanks to its "consistent" strategy. 4. KB Financial Group (KB) upgraded to Buy from Neutral at Citi. 5. FirstService (FSV) upgraded to Outperform from Market Perform at William Blair with analyst Stephen Sheldon saying the company reported "fairly strong" Q1 results and is managing well through an evolving environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
KB Financial Group upgraded to Buy from Neutral at Citi » 09:3104/2404/24/20
Citi upgraded KB…
Citi upgraded KB Financial Group to Buy from Neutral.
Prudential sells Korea Life Insurance Company to KB for $1.9B » 08:3104/1004/10/20
Prudential Financial (PRU) announced that it has entered into a definitive agreement with KB Financial Group (KB) to sell The Prudential Life Insurance Company of Korea. Under the terms of the agreement, Prudential Financial will sell 100% of its life insurance business in Korea for cash consideration of $1.9B. "This transaction is consistent with Prudential Financial's strategic focus internationally on Japan and higher-growth emerging markets around the world," the company said in a statement. Completion of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to occur by the end of 2020. Proceeds of the transaction are expected to be used for general corporate purposes, Prudential added
|Over a quarter ago|
KB Financial Group upgraded to Buy from Neutral at BofA/Merrill » 06:0911/1811/18/19
BofA/Merrill upgraded KB…
BofA/Merrill upgraded KB Financial Group to Buy from Neutral.
KB Financial Group downgraded to Neutral from Buy at Citi 09:3710/2310/23/19
BofA/Merrill to hold a conference » 08:1908/3008/30/19
WF, KB, SSNLF
Korea Conference will be…
Korea Conference will be held in Seoul, Korea on August 29-30.