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Fly News Breaks for January 21, 2020
LL, SLB, MS, LBTYA, BAC
Jan 21, 2020 | 10:28 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bank of America (BAC) downgraded to Neutral from Overweight at Atlantic Equities with analyst John Heagerty saying the bank's share price had a "strong run" by rising 25% from early October through to the close on Friday. 2. Liberty Global (LBTYA) downgraded to Hold from Buy at Jefferies with analyst Ulrich Rathe saying operational headwinds have forced him to cut estimates "yet again." 3. Morgan Stanley (MS) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying while the company's return on tangible equity targets look achievable, the stock looks fairly valued. 4. Schlumberger (SLB) downgraded to Market Perform from Outperform at Cowen with analyst Marc Bianchi saying he sees risk to its estimates which may leave concerns about dividend coverage. 5. Lumber Liquidators (LL) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Simeon Gutman saying in retail more broadly, he thinks it will be hard to repeat the strong performance of 2019 given tough comparisons, slower growth and the consumer decelerating and for Lumber Liquidators in particular he has concerns about lower earnings power. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For BAC;LBTYA;MS;SLB;LL From the Last 2 Days
BAC
Feb 26, 2021 | 14:46 EST
Large U.S. banks JPMorgan Chase (JPM) and Bank of America (BAC) are providing their staff with paid time off for when they receive the COVID-19 vaccine, Reuters' Noor Zainab Hussain reports, citing a memo. Bank of America employees will have the option of two half days, for up to four hours each, to complete vaccinations in 2021, while JPMorgan is giving workers who are eligible to get vaccinated eight hours of paid time off, the author says. Reference Link