Financial shares mint fifth day of gains; indexes close flat

UBS Raises Price Target on BlackRock (BLK) Following Positive 1Q Report

UBS reiterated a Buy rating on BlackRock (NYSE: BLK), and raised the price target to $390.00 (from $350.00), following the company's 1Q earnings report. While the cost saves generated by this quarter's restructuring efforts are expected to be reinvested in higher growth opportunities, the outlook for expenses was generally positive. UBS raised 2016 EPS... More

UBS Reiterates Buy on Bank of America (BAC) Following 1Q Report

UBS maintained a Buy rating and $18.00 price target on Bank of America (NYSE: BAC) following the company's 1Q earnings report. Management's view that credit quality outside of energy remains strong should provide some relief to investors that had been worried about a broader... More

Nomura Securities Raises Price Target on JPMorgan (JPM) Following 1Q EPS Beat

Nomura Securities reiterates Neutral on JPMorgan (NYSE: JPM), and raised the price target to $66.00 (from $65.00), following the company's 1Q earnings report. JPM reported EPS of $1.35, handily beating the consensus estimate of $1.26. The beat was driven primarily by lower-than-expected expenses and trading results which were more... More

UBS Cuts Price Target on Seagate Technology (STX) Following Negative Preannouncement

UBS maintained a Sell rating on Seagate Technology (NASDAQ: STX), and cut the price target to $22.00 (from $24.00), following the company's negative preannouncement. STX expects to report 39mn units and revenue of $2.6bn. UBS' model shows $2.65bn in sales on 39.2mn units. ASP estimates of... More

UBS Reiterates Buy on JPMorgan (JPM) Following Solid 1Q Results

UBS maintained a Buy rating and $68.00 price target on JPMorgan (NYSE: JPM) following the company's better than expected 1Q earnings report.

Analyst Brennan Hawken commented, "JPM's better than expected 1Q results, solid expense control, outlook which was better than feared, and improving clarity... More

Jefferies Reiterates Buy on Seagate Technology (STX) Despite Negative 3Q Pre-Announcement

Jefferies maintained a Buy rating and $40.00 price target on Seagate Technology (NASDAQ: STX) following the company's negative 3Q pre-announcement. Seagate pre-announced revenue of $2.6B, below its prior guidance and the Street's estimate of $2.7B. The expected gross margin of 23% is also lower than guidance (25.6%,... More