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Compass Point Lowers Price Target On Fifth Third Bancorp As Bumpy Ride Continues
Thursday, January 22, 2015 - 9:09am | 200In a report published Thursday, Compass Point analyst Kevin Barker reiterated a Neutral rating on Fifth Third Bancorp (NASDAQ: FITB), but lowered the price target from $20.00 to $17.00. In the report, Compass Point noted, “We maintain our Neutral rating and lower our price target to $17 from $20...
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Compass Point Sees Decent Quarter Earnings For U.S. Bancorp
Wednesday, January 21, 2015 - 11:04am | 98In a report published Wednesday, Compass Point analyst Kevin Barker reiterated a Neutral rating and $43.00 price target on U.S. Bancorp (NYSE: USB). In the report, Compass Point noted, “USB reported GAAP EPS of $0.79 in 4Q, which when adjusted for one-time items ($124mm Nuveen gain, $35mm...
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UPDATE: Compass Point Lowers Price Target On Regions Financial Following 4Q14 Earnings Release
Wednesday, January 21, 2015 - 10:58am | 274In a report published Wednesday, Compass Point analyst Kevin Barker reiterated a Neutral rating on Regions Financial Corp (NYSE: RF), but lowered the price target from $11.00 to $10.00. In the report, Compass Point noted, “Regions continued to see fee income pressure due to a re-organization of its...
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UPDATE: Compass Point Raises Price Target On Wells Fargo As Most-Favored Nation Status Indicates Stock Is Fairly Valued
Thursday, January 15, 2015 - 9:40am | 227In a report published Thursday, Compass Point analyst Kevin Barker reiterated a Neutral rating on Wells Fargo & Co (NYSE: WFC), and raised the price target from $47.00 to $48.00. In the report, Compass Point noted, “We maintain our Neutral rating and increase our target to $48 from $47...
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UPDATE: Compass Point Raises Price Target On PennyMac Financial Services As FHA Premium Is Cut To Drive Higher Volume
Thursday, January 8, 2015 - 8:16am | 241In a report published Thursday, Compass Point analyst Kevin Barker reiterated a Buy rating on PennyMac Financial Services Inc (NYSE: PFSI), and raised the price target from $18.00 to $21.00. In the report, Compass Point noted, “We reiterate our Buy rating and raise our price target to $21 from $18...
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UPDATE: Compass Point Lowers PT On Zions Bancorporation On Near-Term Headwind
Monday, December 29, 2014 - 8:13am | 290In a report published Monday, Compass Point analyst Kevin Barker reiterated a Buy rating on Zions Bancorporation (NASDAQ: ZION), but lowered the price target from $34.00 to $33.00. In the report, Compass Point noted, “We reiterate our Buy rating and adjust our price target to $33 from $34 due to...
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UPDATE: Compass Point Reiterates On Walter Investment Management As Margin Pressure Will Continue Into 2015
Monday, August 18, 2014 - 9:58am | 272In a report published Monday, Compass Point analyst Kevin Barker reiterated a Sell rating on Walter Investment Management (NYSE: WAC), but lowered the price target from $23.00 to $18.00. In the report, Compass Point noted, “We reiterate our Sell rating and lower our price target on WAC to $18 from...
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Compass Point: The Bull Case For Zion Bancorp
Tuesday, July 22, 2014 - 11:02am | 266Compass Point analyst Kevin Barker released a note upgrading Zion Bancorporation’s (NASDAQ: ZION) rating from Neutral to Buy and raised the price target from $32 to $33. Barker said that due to several factors, “the risk-reward of owning ZION prior to a potential equity raise is...
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UPDATE: Compass Point Reiterates On KeyCorp On Emerging Asset Sensitivity
Tuesday, July 22, 2014 - 8:20am | 259In a report published Tuesday, Compass Point analyst Kevin Barker reiterated a Buy rating on KeyCorp (NYSE: KEY), but lowered the price target from $16.50 to $16.00. In the report, Compass Point noted, “The company reported an operating earnings beat this quarter primarily due to higher principal...
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Compass Point Weighs In On Wells Fargo's Q2 Results
Monday, July 14, 2014 - 8:30am | 191Analyst Kevin Barker at Compass Point boosted his price target on Wells Fargo (NYSE: WFC) from $49 to $51 following the firm’s second quarter earnings report last week. Compass Point currently has a Neutral rating on the stock. Barker wrote, “Although the streak of quarterly...
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PHH Shares Fall Following News Of Sale Of North American Fleet To Element
Tuesday, June 3, 2014 - 1:31pm | 205Compass Point Tuesday downgraded PHH (NYSE: PHH) to from Buy to Neutral due to the company's announcement that it will be selling the Fleet business to Element Financial. Compass Point analyst Kevin Barker reported on the sale, stating, "(The) Fleet was sold for approximately $1.4 billion, but the...
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Compass Point: 'PNC is One of Our Favorite Large Cap Regional Banks to Own'
Thursday, April 17, 2014 - 12:57pm | 300Analyst Kevin Barker at Compass Point on Thursday, April 17, 2014, released a report on PNC Financial Services (NYSE: PNC). Shares of the company are down $0.97 or 1.15 percent to $83.41 per share. Kevin Barker reiterated the firm's rating on PNC at Buy. Additionally, the firm is raising its...
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UPDATE: Compass Point Reiterates on Wells Fargo & Co. Following 1Q14 Release
Monday, April 14, 2014 - 8:49am | 237In a report published Monday, Compass Point analyst Kevin Barker reiterated a Neutral rating on Wells Fargo & Co. (NYSE: WFC), and raised the price target from $47.00 to $49.00. In the report, Compass Point noted, “We maintain our Neutral rating and increase our price target on shares of WFC...
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UPDATE: Compass Point Upgrades Flagstar Bancorp Following Disclosure of Fannie Mae Settlement
Thursday, November 7, 2013 - 10:24am | 239In a report published Thursday, Compass Point analyst Kevin Barker upgraded the rating on Flagstar Bancorp (NYSE: FBC) from Neutral to Buy, and raised the price target from $15.50 to $20.00. In the report, Compass Point noted, “We are upgrading shares of Flagstar Bank to Buy from Neutral and...
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UPDATE: Compass Point Upgrades EverBank Financial Following 3Q13 Earnings Release
Monday, November 4, 2013 - 11:31am | 277In a report published Monday, Compass Point analyst Kevin Barker upgraded the rating on EverBank Financial (NYSE: EVER) from Sell to Neutral, and reiterated the $14.00 price target. In the report, Compass Point noted, “We are upgrading EVER to Neutral from Sell and maintaining our $14 price target...