Breaking News

Thursday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Downgrade
Fly Intel: Top five analyst downgrades » 09:53
07/29/21
07/29
09:53
07/29/21
09:53
MCO

Moody's

$376.65 /

-1.945 (-0.51%)

, SC

Santander Consumer

$40.96 /

+0.015 (+0.04%)

, ATUS

Altice USA

$32.48 /

-1.57 (-4.61%)

, CONE

CyrusOne

$75.35 /

+0.745 (+1.00%)

, CRUS

Cirrus Logic

$79.52 /

-4.8 (-5.69%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Moody's (MCO) downgraded to Neutral from Buy at UBS with analyst Alex Kramm saying following two years of "outsized" debt issuance levels, the analyst is "increasingly concerned" that the medium-term outlook "can only soften from here." 2. Santander Consumer (SC) downgraded to Hold from Buy at Deutsche Bank with analyst Meng Jiao saying upside potential in the shares is "capped given the overhang" of the nonbinding proposal for SHUSA, Santander Consumer's majority shareholder, to acquire all outstanding common shares for $39 per share. 3. Altice USA (ATUS) downgraded to Outperform from Strong Buy at Raymond James with analyst Frank Louthan believing leverage will remain the biggest risk to Altice shares, along with lower top line growth, until advertising returns to full strength and fiber build penetration is further along. 4. CyrusOne (CONE) downgraded to Hold from Buy at Truist with analyst Greg Miller citing the surprise separation of Bruce Duncan only one year after he was appointed as CEO. 5. Cirrus Logic (CRUS) downgraded to Neutral from Buy at BofA with analyst Vivek Arya saying while he likes Cirrus' pipeline, plans for broadening into Android phones and laptops, and content gain opportunities from its Lion acquisition, the company's announcement of FY23 pricing and cost pressures suggests earnings growth is likely to remain muted and below semis industry 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.

ShowHide Related Items >><<
SC Santander Consumer
$40.96 /

+0.015 (+0.04%)

MCO Moody's
$376.65 /

-1.945 (-0.51%)

CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

CONE CyrusOne
$75.35 /

+0.745 (+1.00%)

ATUS Altice USA
$32.48 /

-1.57 (-4.61%)

MCO Moody's
$376.65 /

-1.945 (-0.51%)

07/29/21 BMO Capital
Moody's price target raised to $415 from $406 at BMO Capital
07/29/21 Oppenheimer
Moody's price target raised to $406 from $387 at Oppenheimer
07/29/21 Deutsche Bank
Moody's price target raised to $375 from $325 at Deutsche Bank
07/29/21 UBS
Moody's downgraded to Neutral from Buy at UBS
SC Santander Consumer
$40.96 /

+0.015 (+0.04%)

07/29/21 Deutsche Bank
Santander Consumer downgraded om proposal overhang at Deutsche Bank
07/28/21 Deutsche Bank
Santander Consumer downgraded to Hold from Buy at Deutsche Bank
07/09/21 Barclays
Santander Consumer price target raised to $39 from $32 at Barclays
07/07/21 Jefferies
Santander Consumer downgraded to Hold from Buy at Jefferies
ATUS Altice USA
$32.48 /

-1.57 (-4.61%)

07/29/21 Raymond James
Altice USA downgraded to Outperform from Strong Buy at Raymond James
07/29/21 Deutsche Bank
Altice USA price target lowered to $40 from $43 at Deutsche Bank
07/29/21 Raymond James
Altice USA downgraded to Outperform from Strong Buy at Raymond James
07/02/21 Benchmark
Benchmark sees buying opportunity in Altice USA amid 'excessive' angst
CONE CyrusOne
$75.35 /

+0.745 (+1.00%)

07/29/21
Fly Intel: Top five analyst upgrades
07/29/21 Raymond James
CyrusOne double upgraded to Outperform at Raymond James
07/29/21 Truist
CyrusOne downgraded to Hold at Truist on CEO separation
07/29/21 Truist
CyrusOne downgraded to Hold from Buy at Truist
CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

07/29/21 Craig-Hallum
Cirrus Logic upgraded to Buy at Craig-Hallum on results beat, Apple strength
07/29/21 KeyBanc
Cirrus Logic price target raised to $105 from $100 at KeyBanc
07/29/21 Needham
Cirrus Logic price target raised to $110 from $100 at Needham
SC Santander Consumer
$40.96 /

+0.015 (+0.04%)

MCO Moody's
$376.65 /

-1.945 (-0.51%)

CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

CONE CyrusOne
$75.35 /

+0.745 (+1.00%)

ATUS Altice USA
$32.48 /

-1.57 (-4.61%)

  • 13
    Aug
MCO Moody's
$376.65 /

-1.945 (-0.51%)

CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

CONE CyrusOne
$75.35 /

+0.745 (+1.00%)

SC Santander Consumer
$40.96 /

+0.015 (+0.04%)

CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

ATUS Altice USA
$32.48 /

-1.57 (-4.61%)

CRUS Cirrus Logic
$79.52 /

-4.8 (-5.69%)

Recommendations
Moody's price target raised to $415 from $406 at BMO Capital » 08:52
07/29/21
07/29
08:52
07/29/21
08:52
MCO

Moody's

/

+

BMO Capital analyst…

BMO Capital analyst Jeffrey Silber raised the firm's price target on Moody's to $415 from $406 and keeps an Outperform rating on the shares. Global debt issuance declined but the company's Q2 results were "less worse" than expected and the mix toward "more transactional issuance" was more favorable, the analyst tells investors in a research note. Moody's Analytics business also outperformed with strong recurring revenue, Silber adds.

ShowHide Related Items >><<
MCO Moody's
/

+

MCO Moody's
/

+

07/29/21 Oppenheimer
Moody's price target raised to $406 from $387 at Oppenheimer
07/29/21 Deutsche Bank
Moody's price target raised to $375 from $325 at Deutsche Bank
07/29/21 UBS
Moody's downgraded to Neutral from Buy at UBS
07/08/21 Morgan Stanley
Moody's price target raised to $344 from $322 at Morgan Stanley
MCO Moody's
/

+

MCO Moody's
/

+

Recommendations
Moody's price target raised to $406 from $387 at Oppenheimer » 07:37
07/29/21
07/29
07:37
07/29/21
07:37
MCO

Moody's

$378.60 /

-2.975 (-0.78%)

Oppenheimer analyst Owen…

Oppenheimer analyst Owen Lau raised the firm's price target on Moody's to $406 from $387 and keeps an Outperform rating on the shares. The analyst notes Moody's reported Q2 results, with EPS coming in at $3.22 versus his estimate of $2.82 and consensus' $2.78. Overall, the results were "excellent," with revenue of $1.55B meaningfully outpacing his estimate of $1.46B and up 8.2% year-over-year, Lau adds. That said, the stock is down, driven by profit taking in light of strong year-to-date performance of 30% versus 17% for S&P 500 and conservative guidance, the analyst argues.

ShowHide Related Items >><<
MCO Moody's
$378.60 /

-2.975 (-0.78%)

MCO Moody's
$378.60 /

-2.975 (-0.78%)

07/29/21 Deutsche Bank
Moody's price target raised to $375 from $325 at Deutsche Bank
07/29/21 UBS
Moody's downgraded to Neutral from Buy at UBS
07/08/21 Morgan Stanley
Moody's price target raised to $344 from $322 at Morgan Stanley
07/07/21 RBC Capital
Moody's initiated with an Outperform at RBC Capital
MCO Moody's
$378.60 /

-2.975 (-0.78%)

MCO Moody's
$378.60 /

-2.975 (-0.78%)

Recommendations
Moody's price target raised to $375 from $325 at Deutsche Bank » 07:07
07/29/21
07/29
07:07
07/29/21
07:07
MCO

Moody's

$378.60 /

-2.975 (-0.78%)

Deutsche Bank analyst…

Deutsche Bank analyst Sameer Kalucha raised the firm's price target on Moody's to $375 from $325 and keeps a Hold rating on the shares post the "solid" Q2 results.

ShowHide Related Items >><<
MCO Moody's
$378.60 /

-2.975 (-0.78%)

MCO Moody's
$378.60 /

-2.975 (-0.78%)

07/29/21 UBS
Moody's downgraded to Neutral from Buy at UBS
07/08/21 Morgan Stanley
Moody's price target raised to $344 from $322 at Morgan Stanley
07/07/21 RBC Capital
Moody's initiated with an Outperform at RBC Capital
07/07/21 Raymond James
Moody's price target raised to $394 from $341 at Raymond James
MCO Moody's
$378.60 /

-2.975 (-0.78%)

MCO Moody's
$378.60 /

-2.975 (-0.78%)

Downgrade
Moody's downgraded to Neutral from Buy at UBS » 05:21
07/29/21
07/29
05:21
07/29/21
05:21
MCO

Moody's

$378.60 /

-2.975 (-0.78%)

UBS analyst Alex Kramm…

UBS analyst Alex Kramm downgraded Moody's to Neutral from Buy with a price target of $392, up from $383. Following two years of "outsized" debt issuance levels, the analyst is "increasingly concerned" that the medium-term outlook "can only soften from here." Meanwhile, Moody's shares are pricing in a continuation of recent trends, Kramm tells investors in a research note. He thinks "ratings headwinds may be too large to overcome" and downgrades the shares following the 30% year-to-date rally.

ShowHide Related Items >><<
MCO Moody's
$378.60 /

-2.975 (-0.78%)

MCO Moody's
$378.60 /

-2.975 (-0.78%)

07/08/21 Morgan Stanley
Moody's price target raised to $344 from $322 at Morgan Stanley
07/07/21 RBC Capital
Moody's initiated with an Outperform at RBC Capital
07/07/21 Raymond James
Moody's price target raised to $394 from $341 at Raymond James
07/06/21 Stifel
Moody's price target raised to $376 from $322 at Stifel
MCO Moody's
$378.60 /

-2.975 (-0.78%)

MCO Moody's
$378.60 /

-2.975 (-0.78%)

Wednesday
Earnings
Moody's sees FY21 EPS $11.55-$11.85 , consensus $11.52 » 07:13
07/28/21
07/28
07:13
07/28/21
07:13
MCO

Moody's

$381.46 /

+1.81 (+0.48%)

Sees FY21 operating cash…

Sees FY21 operating cash flow $2.3B-$2.4B.

ShowHide Related Items >><<
MCO Moody's
$381.46 /

+1.81 (+0.48%)

MCO Moody's
$381.46 /

+1.81 (+0.48%)

07/08/21 Morgan Stanley
Moody's price target raised to $344 from $322 at Morgan Stanley
07/07/21 RBC Capital
Moody's initiated with an Outperform at RBC Capital
07/07/21 Raymond James
Moody's price target raised to $394 from $341 at Raymond James
07/06/21 Stifel
Moody's price target raised to $376 from $322 at Stifel
MCO Moody's
$381.46 /

+1.81 (+0.48%)

MCO Moody's
$381.46 /

+1.81 (+0.48%)

Earnings
Moody's reports Q2 EPS $3.22, consensus $2.74 » 07:10
07/28/21
07/28
07:10
07/28/21
07:10
MCO

Moody's

$381.46 /

+1.81 (+0.48%)

Reports Q2 revenue $1.6B,…

Reports Q2 revenue $1.6B, consensus $1.47B. "Moody's impressive second quarter 2021 results reflect the strong demand for our increasingly comprehensive suite of risk assessment offerings as we help our customers make better decisions about a wider range of risks," said Rob Fauber, President and Chief Executive Officer of Moody's. "This quarter, Moody's Investors Service revenue grew in the mid-single-digit percent range, benefitting from economic tailwinds that supported increased leveraged finance and CLO activity. In Moody's Analytics, continued demand for KYC and compliance solutions, as well as research and data feeds, drove mid-teens revenue growth. Due to our robust first half performance, we now forecast Moody's full year 2021 revenue to increase in the low-double-digit percent range and are raising our full year 2021 adjusted diluted EPS guidance range to $11.55 to $11.85."

ShowHide Related Items >><<
MCO Moody's
$381.46 /

+1.81 (+0.48%)

MCO Moody's
$381.46 /

+1.81 (+0.48%)

07/08/21 Morgan Stanley
Moody's price target raised to $344 from $322 at Morgan Stanley
07/07/21 RBC Capital
Moody's initiated with an Outperform at RBC Capital
07/07/21 Raymond James
Moody's price target raised to $394 from $341 at Raymond James
07/06/21 Stifel
Moody's price target raised to $376 from $322 at Stifel
MCO Moody's
$381.46 /

+1.81 (+0.48%)

MCO Moody's
$381.46 /

+1.81 (+0.48%)

Over a week ago
Recommendations
Moody's price target raised to $344 from $322 at Morgan Stanley » 06:46
07/08/21
07/08
06:46
07/08/21
06:46
MCO

Moody's

$376.92 /

+6.85 (+1.85%)

Morgan Stanley analyst…

Morgan Stanley analyst Toni Kaplan raised the firm's price target on Moody's to $344 from $322 and keeps an Equal Weight rating on the shares as debt issuance continues to outperform expectations. She forecasts Ratings revenue to be up 1% at each of the rating agencies despite a tough year-over-year comparison, Kaplan noted.

ShowHide Related Items >><<
MCO Moody's
$376.92 /

+6.85 (+1.85%)

MCO Moody's
$376.92 /

+6.85 (+1.85%)

07/07/21 RBC Capital
Moody's initiated with an Outperform at RBC Capital
07/07/21 Raymond James
Moody's price target raised to $394 from $341 at Raymond James
07/06/21 Stifel
Moody's price target raised to $376 from $322 at Stifel
05/05/21 Argus
Moody's price target raised to $375 from $325 at Argus
MCO Moody's
$376.92 /

+6.85 (+1.85%)

MCO Moody's
$376.92 /

+6.85 (+1.85%)

Initiation
Moody's initiated with an Outperform at RBC Capital » 16:20
07/07/21
07/07
16:20
07/07/21
16:20
MCO

Moody's

$376.92 /

+6.85 (+1.85%)

RBC Capital analyst…

RBC Capital analyst Ashish Sabadra initiated coverage of Moody's with an Outperform rating and $409 price target. The analyst sees "sustained margin expansion in the medium term despite the expense growth through the rest of the FY21 due to strategic investments and M&A." Sabadra also believes share repurchases should "help deliver upside to the long-term guidance of low-teens earnings growth."

ShowHide Related Items >><<
MCO Moody's
$376.92 /

+6.85 (+1.85%)

MCO Moody's
$376.92 /

+6.85 (+1.85%)

07/07/21 Raymond James
Moody's price target raised to $394 from $341 at Raymond James
07/06/21 Stifel
Moody's price target raised to $376 from $322 at Stifel
05/05/21 Argus
Moody's price target raised to $375 from $325 at Argus
04/29/21 Oppenheimer
Moody's price target raised to $357 from $337 at Oppenheimer
MCO Moody's
$376.92 /

+6.85 (+1.85%)

MCO Moody's
$376.92 /

+6.85 (+1.85%)

Recommendations
Moody's price target raised to $394 from $341 at Raymond James » 07:32
07/07/21
07/07
07:32
07/07/21
07:32
MCO

Moody's

$369.99 /

+1.92 (+0.52%)

Raymond James analyst…

Raymond James analyst Patrick O'Shaughnessy raised the firm's price target on Moody's to $394 from $341 and keeps an Outperform rating on the shares. High yield and leveraged loan issuance, as well as all three structured finance issuance categories, posted robust year-over-year growth during 2Q21, the analyst tells investors in a research note.

ShowHide Related Items >><<
MCO Moody's
$369.99 /

+1.92 (+0.52%)

MCO Moody's
$369.99 /

+1.92 (+0.52%)

07/06/21 Stifel
Moody's price target raised to $376 from $322 at Stifel
05/05/21 Argus
Moody's price target raised to $375 from $325 at Argus
04/29/21 Oppenheimer
Moody's price target raised to $357 from $337 at Oppenheimer
04/29/21 Deutsche Bank
Moody's price target raised to $325 from $315 at Deutsche Bank
MCO Moody's
$369.99 /

+1.92 (+0.52%)

MCO Moody's
$369.99 /

+1.92 (+0.52%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.