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MoneyGram Downgraded By JPMorgan After Rising 15%; Brexit Issues Remain
Tuesday, July 12, 2016 - 9:11am | 252JPMorgan has downgraded Moneygram International Inc (NASDAQ: MGI) to Neutral from Overweight after the shares rose 15 percent since the last earnings report. "[S]hares have hovered at the $7 level over the last month, but up ~15 percent since last earnings print, despite mixed news flow that we...
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JPMorgan Concerned With VeriFone's Emerging Market Weakness, Delays In EMV Implementation
Wednesday, June 8, 2016 - 8:57am | 239VeriFone Systems Inc (NYSE: PAY) reported an EPS miss and reduced its FY16 EPS guidance. JPMorgan’s Tien-tsin Huang downgraded the rating for the company from Overweight to Neutral, while slashing the price target from $34 to $24. The analyst expressed concern regarding EMV implementation...
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Visa Vs. Mastercard
Monday, June 6, 2016 - 9:38am | 361Shares of Visa Inc (NYSE: V) are up 2 percent year-to-date, while Mastercard Inc (NYSE: MA) shares have lost 2 percent. This outperformance may be partly explained by Visa generating faster revenue and profit growth, along with announcing a number of notable contract wins last year, JPMorgan...
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Square Made A 'Brave' Move By Raising Its Guidance
Friday, May 6, 2016 - 8:06am | 368Square Inc (NYSE: SQ) reported strong 1Q results and raised its guidance. JPMorgan’s Tien-tsin Huang maintained an Overweight rating for the company, with a price target of $14. The analyst commented that Square was among the few companies in JPMorgan’s FinTech coverage to be “...
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JPMorgan Upgrades WEX Away From Underweight Following Q1 Results
Friday, April 29, 2016 - 4:18pm | 419JPMorgan has upgraded fleet card provider WEX Inc (NYSE: WEX) to Neutral from Underweight as the brokerage believes the fuel price earnings risk is well understood and embedded in the Street estimates. WEX reported first quarter non-GAAP EPS of $0.97 higher than JPM estimate of $0.88, Street...
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JPMorgan Sees Mastercard's Guidance As 'Conservative'
Friday, April 29, 2016 - 10:14am | 369JPMorgan reiterated its Overweight rating on Mastercard Inc (NYSE: MA), saying it sees guidance "conservative" and potential upside to EPS. Mastercard reported 3 percent fall in earnings per share to $0.86 from $0.89, but the number beat the expectations by a penny and was in line...
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Don't Worry About PayPal Just Yet: JPMorgan
Thursday, April 28, 2016 - 8:58am | 286JPMorgan’s Tien-tsin Huang mentioned that for 1Q, Paypal Holdings Inc (NASDAQ: PYPL) “reported its fastest constant currency volume and revenue growth in over a year, but profit flow through was limited by acquired Xoom dilution.” Huang reiterated an Overweight rating on the...
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Xerox Split A 'Positive Surprise' On Wall Street
Friday, January 29, 2016 - 12:49pm | 249Xerox Corp (NYSE: XRX) shares rose 4.6 percent Friday after the company announced it would be splitting into two publicly-traded companies. Xerox CEO Ursula Burns said the move to split the company into a business process outsourcing operation and a document technology company is the best path...
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Is Square Overvalued Despite Its Growth Potential? Pros Weigh In
Monday, December 14, 2015 - 9:53am | 1027Shares of Square Inc(NYSE: SQ) have lost nearly 9 percent since its IPO in late November. Analysts at several Wall Street firms initiated coverage of Square on Monday. The bearish-themed notes pointed out that Square's future growth is already priced into the stock while the bullish...
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Wall Street's New Data Pair Trade: Buy Alliance Data, Sell WEX
Friday, August 14, 2015 - 9:05am | 302In a new research note on the data processing sector, JP Morgan analyst Tien-tsin Huang said that the sector's outperformance should continue heading into 2016. The underlying macro trends that have helped these equities outperform during 21 of the past 25 years are still present, including...
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SunTrust Initiates PayPal At Buy; What Else Are Analysts Saying?
Monday, July 20, 2015 - 10:27am | 462In a report published Monday, SunTrust Robinson Humphrey analyst Bob Peck initiated coverage of Paypal Holdings Inc (NASDAQ: PYPL) with a Buy rating and $45 price target, noting that the "leading enabler" of online and in-app payments has "ample capacity" to fund its future...
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Automation To Reduce IT Labor? JP Morgan Weighs In
Monday, June 1, 2015 - 12:54pm | 458In a new report on the IT industry, JP Morgan analyst Tien-tsin Huang discussed the growing reliance on automation and its implications on the labor force. As many companies focus on trimming every last cent of costs, reducing labor expense is a key area of exploration. Automation Numbers...
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What Happened At The JPMorgan TMT Conference?
Monday, May 18, 2015 - 1:48pm | 320In a report published Monday, JPMorgan analyst Tien-tsin Huang discussed International Business Machines Corp. (NYSE: IBM)'s presentation at the JPMorgan Global Technology, Media, and Telecom conference. "Overall takeaways were positive but not much incremental to our thesis,"...
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'Rare Magnitude' For Accenture's Outlook Boost
Thursday, March 26, 2015 - 10:34am | 247Accenture Plc (NYSE: ACN) shares gained more than 7 percent Thursday morning in a move driven by its increased outlook for 2015 revenue growth, an analyst said. The Ireland-based consulting and outsourcing company expects revenue in the current year will increase between 8 percent and 10...
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JP Morgan Analyst Sees Sub-Par Growth For IBM
Tuesday, January 20, 2015 - 1:23pm | 199Big Blue's revenue gains relative to its peers are likely to remain subpar even as global spending on the IT sector trails global growth, an analyst said Tuesday. As total spending on the sector hits bottom, "we think that higher growth, riskier stocks could come into favor at the...