KBW

KBW has an Outperform rating and a $14 price target on shares of Stag Industrial Inc (NASDAQ: STIR). In a note to clients, KBW writes, "We are initiating coverage of STAG Industrial, Inc. (STIR) with an Outperform rating and $14 12-month price target. STAG is a newly public industrial REIT that...

KBW has a Market Perform rating and a $20 price target on shares of Urstadt Biddle Properties Inc. (NYSE: UBA). In a note to clients, KBW writes, "Initiating coverage of small-cap niche strip shopping center REIT Urstadt Biddle Properties Inc. (UBA) with a Market Perform rating and a 12-month...

KBW reiterated its Market Perform rating on TCF Financial Corporation (NYSE: TCB). At the same time, KBW raised its price target on the company's stock to $15. In a research report published today, KBW stressed more difficult times ahead for TFC Financial, as regulatory changes take its toll on the...

KBW reiterated its Outperform rating on Argo Group International Holdings (NASDAQ: AGII). At the same time, KBW left its price target on the company's stock unchanged at $40, in spite of lowering its 2011 earnings per share estimate. In a research report published today, KBW states, "Based on...

KBW reiterated its Market Perform rating on Preferred Bank (NASDAQ: PFBC) after the company's annual meeting, where its shareholders approved a 1-for-5 reverse stock split. In a research report published today, KBW states, "At their annual meeting, Preferred Bank shareholders approved a 1-for-5...

KBW is out with its report today on Lazard (NYSE: LAZ), reiterating Outperform. In a note to clients, KBW writes, "LAZ shares are down 8.4% MTD and trade at just 15.6x our 2011E & less than 12x 2012E; we strongly reiterate our Outperform rating and $52 SOTP price target. There have been 14...

KBW is lowering its PT on shares of Aflac (NYSE: AFL) from $67 to $64. Aflac closed Wednesday at $50.45.

“We thought it was an in-line quarter as revenues and operating margins were in-line and organic growth remained solid,” KBW wrote in a report this morning, adding that it made no change to its PT or Market Perform rating. Eaton Vance Corp. (NYSE: EV) closed Wednesday at $32.15.

KBW is lowering its PT on Endurance Specialty Holdings Ltd. (NYSE: ENH) to $47. Endurance Specialty Holdings closed Wednesday at $41.55.

On the heels of its $400M share repurchase agreement, KBW reports that “Hyatt (NYSE: H) announced a $90M investment in 3 limited service assets, which will be converted to Summerfield.” “Example of H using the balance sheet to drive brand distribution,” KBW writes. “Raising 2012 estimates $0.06 to...

Wunderlich Securities provided color on Liberty Global (NASDAQ: LBTYA). In a research report, Wunderlich discussed German request that the EU should review Liberty's proposed acquisition of KBW (NYSE: KBW). In the report, Wunderlich states, "The German government indicated yesterday morning that...

KBW is maintaining its Market Perform rating and $30 PT on shares of BB&T Corp. (NYSE: BBT). “We recently traveled with BBT's CFO Daryl Bible and came away feeling better about BBT's management, business model and its fundamentals, but earned a greater respect for the challenging environment...

KBW is maintaining its OP rating on Lexington Realty Trust (NYSE: LXP). “LXP upsized its originally announced 8M share offering to 10M shares priced at $9.45 or just 2% below prior day's close (expected gross proceeds of $108.6M (assuming 1.5M shoe is exercised),” KBW writes. “Although LXP...

KBW is maintaining its OP rating and $12.50 PT on shares of F.N.B. Corporation (NYSE: FNB). “On Friday May 13th, F.N.B. completed a common equity raise whereby the bank sold 5.25mm shares of stock at $10.70, raising gross proceeds of $56.2mm,” KBW writes. “This offering was made in conjunction...

KBW is moving Arch Capital Group Ltd. (NASDAQ: ACGL) to a $39 PT. Arch Capital closed Thursday at $34.84.