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TWTR

Twitter

$24.00

0.95 (4.12%)

18:14
10/03/16
10/03
18:14
10/03/16
18:14

Twitter ex-CEO Dick Costolo: Takeover isn't only way forward

In a Bloomberg TV interview broadcast Monday, former Twitter CEO Dick Costolo was asked whether an acquisition of the microblog company is the only way to restore it to growth, to which he replied: "I've said for a while that I think Twitter can be a successful independent company. I've also said that I think the world of the team over there -- I think Jack [Dorsey] thinks beautifully and elegantly and clearly about product direction; and Anthony and Adam and Vijaya and the rest of the senior leadership team over there are tremendous. So I don't think that's the only possible outcome -- I think there are lots of different ways that Twitter can be successful." Reference Link

TWTR Twitter
$24.00

0.95 (4.12%)

09/28/16
LOOP
09/28/16
DOWNGRADE
Target $18
LOOP
Sell
Twitter downgraded to Sell from Hold at Loop Capital
Loop Capital analyst Blake Harper downgraded Twitter to Sell from Hold, as he believes that while the company may eventually get a takeover bid that any offer is unlikely to offer a meaningful premium from the stock's current price. The "swift manner" in which Twitter began shopping itself could be a warning sign that another disappointing earnings report is coming and there is more downside risk than upside potential if a deal falls through, said Harper, who keeps an $18 price target on Twitter shares.
09/28/16
MZHO
09/28/16
DOWNGRADE
Target $15
MZHO
Underperform
Mizuho cuts Twitter to Underperform with $15 price target
Mizuho analyst Neil Doshi downgraded Twitter to Underperform from Neutral based on valuation. The shares are up 45% since the company reported Q2 results, primarily driven by potential buyout comments in media reports, Doshi tells investors in a research note. The stock at current levels is overvalued as Twitter's business fundamentals "have deteriorated significantly" over the past 12 months, the analyst contends. Doshi believes many of the M&A scenarios are unlikely to play out. He puts potential acquirers Salesforce (CRM) and Alphabet (GOOG, GOOGL) in the "maybe" camp, but he still has some reservations about these deals happening. The analyst believes investors of both companies would view a buyout of Twitter as negative. Doshi keeps a $15 price target for Twitter shares. The stock closed yesterday up 35c to $23.72. Loop Capital this morning also downgraded Twitter to Sell.
09/28/16
SBSH
09/28/16
NO CHANGE
SBSH
Buy
Citi hopes Disney does not acquire Twitter
Citi analyst Jason Bazinet lays out four reasons for why he doesn't like Disney (DIS) pursuing an acquisition of Twitter (TWTR). Going back 15 years, the analyst can't think of a single web-based property that was successfully acquired by a traditional media firm. Two, he calls Twitter trends "troubling." Three, Bazinet estimates a cash offer would lower Disney's stock by $5 per share while an equity offer would drop its stock by $9. Four, the analyst feels it is unclear how Disney's content will help Twitter. Bazinet thinks both Yahoo (YHOO) and Twitter lost "significant money" when they streamed NFL content over the web. The analyst hopes Twitter is acquired by somebody other than Disney. He keeps a Buy rating on Disney shares. Both Loop Capital and Mizuho this morning downgraded Twitter to sell ratings.
09/28/16
09/28/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Underperform from Neutral at Wedbush with analyst James Dix citing concerns that the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive. 2. AT&T (T) downgraded to Neutral from Buy at UBS with analyst John Hodulik citing expectations for lower earnings growth. 3. Macy's (M) downgraded to Neutral from Outperform at Credit Suisse with analyst Michael Exstein saying the retailer, after outlining in August its operations and merchandising strategies, is now in an execution phase. 4. Twitter (TWTR) downgraded to Underperform from Neutral at Mizuho and to Sell from Hold at Loop Capital. 5. Galectin Therapeutics (GALT) downgraded to Sell from Buy at Roth Capital with analyst Sa'ar Yaniv citing the company's announcement that NASH-FX, GR-MD-02's Phase 2a study in NASH fibrosis, failed both primary and secondary endpoints. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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NADL

North Atlantic Drilling

$2.43

0.23 (10.45%)

11:34
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GWW

Grainger

$192.85

-0.51 (-0.26%)

11:31
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Grainger raises dividend 5% to $1.28 per share »

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FCAU

Fiat Chrysler

$11.48

0.94 (8.92%)

11:31
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Options
Fiat Chrysler option volume is 7X normal driven by a premium sale »

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VLKAY

Volkswagen

$32.33

0.47 (1.48%)

, EVR

Evercore Partners

$75.30

-3.5 (-4.44%)

11:25
04/26/17
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11:25
Periodicals
Volkswagen considering options for Ducati motorcycle brand, Reuters reports »

Volkswagen (VLKAY) has…

VLKAY

Volkswagen

$32.33

0.47 (1.48%)

EVR

Evercore Partners

$75.30

-3.5 (-4.44%)

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  • 26

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INFO

IHS Markit

$43.76

-0.05 (-0.11%)

11:25
04/26/17
04/26
11:25
04/26/17
11:25
Conference/Events
IHS Markit to hold an investor day »

Investor Day to be held…

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CGIX

Cancer Genetics

$4.15

-0.05 (-1.19%)

, TRPX

Therapix Biosciences

$7.30

-0.2 (-2.67%)

11:25
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04/26
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Conference/Events
RedChip to hold a virtual conference »

April Global Online…

CGIX

Cancer Genetics

$4.15

-0.05 (-1.19%)

TRPX

Therapix Biosciences

$7.30

-0.2 (-2.67%)

PBIO

Pressure BioSciences

$0.26

-0.03055 (-10.54%)

IDXG

Interpace Diagnostics

$2.43

0.09 (3.85%)

XRM

Xerium Technologies

$6.97

0.08 (1.16%)

ESES

Eco-Stim Energy

$1.09

-0.0001 (-0.01%)

AMMA

Alliance MMA

$1.40

-0.14 (-9.09%)

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TRN

Trinity Industries

$27.60

0.84 (3.14%)

11:22
04/26/17
04/26
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11:22
Hot Stocks
Trinity sees Q2 revenue for Inland Barge running at approx. 50% of Q1 levels »

Says "very little…

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LN

LINE Corp.

$34.72

-2.8654 (-7.62%)

11:22
04/26/17
04/26
11:22
04/26/17
11:22
Downgrade
LINE Corp. rating change  »

Update: LINE Corp.…

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EWZ

MSCI Brazil Index

$37.10

-0.115 (-0.31%)

11:21
04/26/17
04/26
11:21
04/26/17
11:21
Options
Defensive option play opened in the Brazil ETF »

Defensive option play…

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$NSD

NASDAQ Market Internals

11:17
04/26/17
04/26
11:17
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11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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GGP

GGP

$22.36

-0.25 (-1.11%)

11:16
04/26/17
04/26
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11:16
Options
General Growth put volume heavy and directionally bearish »

Bearish flow noted in…

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$NYE

NYSE Market Internals

11:16
04/26/17
04/26
11:16
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11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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LN

LINE Corp.

$34.75

-2.84 (-7.56%)

11:15
04/26/17
04/26
11:15
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11:15
Downgrade
LINE Corp. rating change  »

LINE Corp. downgraded to…

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CMG

Chipotle

$485.52

13.7602 (2.92%)

11:10
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Battleground: Piper says buy Chipotle after earnings while RBC steps aside »

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BA

Boeing

$180.73

-2.78 (-1.51%)

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Breaking Hot Stocks news story on Boeing »

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  • 26

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MDSO

Medidata

$63.34

-0.31 (-0.49%)

11:02
04/26/17
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Medidata analyst commentary  »

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  • 26

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NUS

Nu Skin

$56.59

-0.52 (-0.91%)

11:02
04/26/17
04/26
11:02
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11:02
Downgrade
Nu Skin rating change  »

Nu Skin downgraded to…

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  • 03

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AHL

Aspen Insurance

$51.83

0.325 (0.63%)

11:01
04/26/17
04/26
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Hot Stocks
Aspen Insurance raises quarterly dividend 9.1% to 24c per share »

The Board of Directors of…

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  • 26

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FSLR

First Solar

$27.54

0.46 (1.70%)

11:01
04/26/17
04/26
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Options
Size call buying spikes shares in First Solar »

Size call buying spikes…

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HSII

Heidrick & Struggles

$22.00

-4.75 (-17.76%)

11:01
04/26/17
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Recommendations
Heidrick & Struggles analyst commentary  »

Heidrick & Struggles…

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11:00
04/26/17
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General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

BA

Boeing

$180.93

-2.58 (-1.41%)

10:59
04/26/17
04/26
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Hot Stocks
Breaking Hot Stocks news story on Boeing »

Boeing sees Defense as…

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  • 26

    Apr

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EA

Electronic Arts

$92.99

0.18 (0.19%)

, ATVI

Activision Blizzard

$51.36

0.48 (0.94%)

10:57
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Hot Stocks
Analyst sees video game makers boosted by continued shift to digital »

Pacific Crest analyst…

EA

Electronic Arts

$92.99

0.18 (0.19%)

ATVI

Activision Blizzard

$51.36

0.48 (0.94%)

TTWO

Take-Two

$62.63

0.08 (0.13%)

GME

GameStop

$23.70

0.3 (1.28%)

NTDOY

Nintendo

$31.65

0.55 (1.77%)

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