Merrill Lynch has issued a new sector report on U.S. mid-cap regional banks, and the firm is lowering earnings estimates and some key ratings, and it even noted that downside risks remain.
The top analyst upgrades, downgrades and initiations on Tuesday included Cars.com, Comerica, Cummins, Enbridge, Lyft, Micron Technology, Roku, Stryker, Uber Technologies, Visa and Western Digital.
The top analyst upgrades, downgrades and initiations seen on Wednesday included Bank of America, Danaher, Lyft, Netflix, Qualcomm, Tesla, Texas Instruments, Aurora Cannabis, Canopy Growth and Chipotle Mexican Grill.
The top analyst upgrades, downgrades and initiations seen on Thursday included Carbon Black, Etsy, Facebook, KeyCorp, Micron Technology, Nio, Roku, Smart Sheet, Vail Resorts and Waste Management.
The current interest rate scenario is awful for the future profitability of lenders. The carnage seen in the banks, particularly regional banks, was impossible to not notice in the past week.
The top analyst upgrades, downgrades and initiations seen on Wednesday included Carnival, Chipotle Mexican Grill, CVS Health, Fifth Third Bancorp, Ingersoll-Rand and Roku.
The top analyst upgrades, downgrades and initiations seen on Thursday included CenturyLink, Chimera Investment, Comerica, Dish Networks, Exxon Mobil, NetApp, Pulte, Petrobras, Teva Pharmaceutical and Yelp.
Since its creation in 2011, the Consumer Financial Protection Bureau (CFPB) has returned nearly $12.5 billion to more than 31 million U.S. consumers. When former South Carolina Congressman Mick Mulvaney became acting…
The included top analyst upgrades, downgrades and initiations seen on Tuesday Apptio, AT&T, Bain Capital, Comerica, First Solar, Palo Alto Networks, Pfizer, Travelers and Ulta Beauty.
The included top analyst upgrades, downgrades and initiations seen on Monday Albermarle, Capital One, Equinix, KeyCorp, Kratos Defense, Lowe's, Micron Technology, Skyworks Solutions and Yamana Gold.
The top analyst upgrades, downgrades and initiations seen on Tuesday included Best Buy, Chesapeake Energy, Comcast, Cree, EverQuote, KeyCorp, Lumentum, Nvidia, Vodafone and Xilinx.
The included Achaogen, Apple, Athenahealth, Crocs, Finisar, Jabil, Michael Kors, Occidental Petroleum, Starbucks and Walt Disney.
The top analyst upgrades, downgrades and initiations seen on Wednesday included Cree, Goldman Sachs, Home Depot, IBM, Lennar, Lowe's, NetApp, Netflix, Starbucks and United Continental.
Now may be a good time to shift from growth to value to anticipate a continued rise in rates. Jefferies continues to prefer value stocks over growth as the group is showing…
In a new Jefferies research report, the financial equity strategy team is very positive on four of the major banks that serve business and consumers in the United States.
