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GOOG

Alphabet

$772.56

-4.73 (-0.61%)

, GOOGL

Alphabet Class A

$800.38

-3.68 (-0.46%)

07:36
10/04/16
10/04
07:36
10/04/16
07:36

Former Kindle hardware chief joins Google, The Information reports

David Foster, who helped develop the Amazon (AMZN) Kindle and Kindle Fire tablet, has joined Google (GOOG) as VP of product engineering in its hardware group, The Information reports. Foster will lead hardware development for Google's new branded line of smartphones, according to a person familiar with the matter. Reference Link

GOOG

Alphabet

$772.56

-4.73 (-0.61%)

GOOGL

Alphabet Class A

$800.38

-3.68 (-0.46%)

AMZN

Amazon.com

$836.74

-0.57 (-0.07%)

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    Oct

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    Oct

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    Jan

GOOG Alphabet
$772.56

-4.73 (-0.61%)

09/27/16
WEDB
09/27/16
DOWNGRADE
WEDB
Underperform
Alphabet downgraded to Underperform from Neutral at Wedbush
09/27/16
WEDB
09/27/16
DOWNGRADE
WEDB
Underperform
Alphabet downgraded to Underperform from Neutral at Wedbush
Wedbush analyst James Dix downgraded Alphabet to Underperform and lowered his price target on shares to $700 on concerns the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive.
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
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.
GOOGL Alphabet Class A
$800.38

-3.68 (-0.46%)

09/30/16
RBCM
09/30/16
NO CHANGE
RBCM
Street underestimating Google growth outlook, says RBC Capital
RBC Capital analyst Mark Mahaney expects Google to end 2016 with "up to 20% growth," versus the Street's outlook of mid teen percentage level growth. Mahaney says that Google's growth should be boosted by "ongoing Search innovations, rising Mobile CPCs, and the growing impact of YouTube, Play & Cloud." He thinks that YouTube's revenue is growing at a 30%-40% clip. Mahaney raised his price target on the stock to $1,025 from $1,000 and keeps an Outperform rating on the shares.
AMZN Amazon.com
$836.74

-0.57 (-0.07%)

09/30/16
GUGG
09/30/16
INITIATION
Target $950
GUGG
Buy
Amazon.com initiated with a Buy at Guggenheim
Guggenheim analyst Robert Drbul initiated Amazon.com with a Buy and a $950 price target as he expects the company to remain both a leader and beneficiary of the ongoing e-commerce consumer spending evolution. He expects Amazon to claim ~25% of the domestic e-commerce market by 2017, but just 3% of the total retail market. Further, Drbul expects AWS to remain a key profit and share driver and is encouraged by improved results in in International.
09/30/16
09/30/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN) initiated with a Buy at Guggenheim. 2. Wal-Mart (WMT) initiated with an Overweight at KeyBanc and a Buy at Guggenheim. 3. Harley-Davidson (HOG) initiated with a Hold at Jefferies. 4. Coach (COH) was initiated with a Buy at Guggenheim while the firm initiated Michael Kors (KORS) with a Neutral. 5. First Solar (FSLR) initiated with a Buy at Williams Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/16
BARD
10/03/16
NO CHANGE
BARD
Baird says impact on eBay from Facebook's Marketplace likely limited for now
Baird analyst Colin Sebastian said Facebook's (FB) launch of its long-anticipated peer-to-peer commerce platform, "Marketplace," came "much later" than he anticipated, but he still thinks Facebook is well positioned to compete in consumer shopping. Facebook's latest e-commerce effort will create headlines around competitive pressure, but Sebastian thinks Amazon (AMZN) and eBay (EBAY) will be "minimally impacted" in the near term given their scale, brand awareness, and much more advanced e-commerce capabilities. eBay may be most exposed, but the analyst also notes that 80% of its listings are new products, which may have limited overlap with Facebook listings.
10/04/16
PIPR
10/04/16
NO CHANGE
Target $900
PIPR
Overweight
Amazon.com unit growth tracking better than expectations, says Piper Jaffray
Piper Jaffray analyst Gene Munster says his firm's analysis of Google search trends indicates Amazon.com's unit growth is tracking up 25%-27% in the September quarter versus expectations of 23%-26%. Munster estimates that the overall global e-commerce market growth is approximately 15%, which he believes suggests that Amazon is gaining "material market share." The analyst continues to view Amazon as the best positioned stock in his coverage universe over the next five years. He maintains an Overweight rating on the shares with a $900 price target.

TODAY'S FREE FLY STORIES

DUK

Duke Energy

$85.96

-0.32 (-0.37%)

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PPL

PPL Corp.

$38.83

-0.19 (-0.49%)

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AEP

American Electric

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-0.24 (-0.33%)

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AEE

Ameren

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Ameren rating change at Goldman Sachs »

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WEC Energy

$63.46

-0.17 (-0.27%)

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NSRGY

Nestle

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0.4 (0.47%)

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L'Oreal

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0.01 (0.02%)

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TKTDY

Takata

$3.15

1.2199 (63.21%)

WFM

Whole Foods

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-0.255 (-0.59%)

WMT

Wal-Mart

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AMZN

Amazon.com

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2.44 (0.24%)

VIA

Viacom

$39.15

0.1 (0.26%)

VIAB

Viacom

$34.11

-0.01 (-0.03%)

TWX

Time Warner

$99.70

0.3 (0.30%)

NCR

NCR Corp.

$38.64

0.09 (0.23%)

AIZ

Assurant

$101.25

0.99 (0.99%)

ALXN

Alexion

$126.07

-0.16 (-0.13%)

UTHR

United Therapeutics

$131.59

-0.11 (-0.08%)

RHT

Red Hat

$99.42

0.54 (0.55%)

CI

Cigna

$169.61

-1.07 (-0.63%)

FL

Foot Locker

$48.03

0.53 (1.12%)

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TKTDY

Takata

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Takata says bankruptcy processes should not disrupt airbag recall »

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Takata

$3.15

1.2199 (63.21%)

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Takata says secures $227M debtor-in-possession financing »

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Takata

$3.15

1.2199 (63.21%)

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Takata confirms bankruptcy filings »

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Takata

$3.15

1.2199 (63.21%)

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Takata to sell assets, operations to Key Safety Systems »

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IRDM

Iridium

$10.75

0.1 (0.94%)

20:12
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Iridium confirms successful second launch of Iridium NEXT satellites »

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TKTDY

Takata

$3.15

1.2199 (63.21%)

20:08
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Takata files for bankruptcy in U.S., Bloomberg says »

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SEAS

SeaWorld

$15.65

-0.16 (-1.01%)

20:01
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SeaWorld receives subpoenas, forms special committee over 'Blackfish' statements »

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FB

Facebook

$155.07

1.67 (1.09%)

19:57
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19:57
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Facebook plans to offer TV-quality content by late summer, WSJ says »

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FRO

Frontline

$5.59

0.08 (1.45%)

, GNRT

Gener8 Maritime

$6.12

0.21 (3.55%)

19:50
06/25/17
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19:50
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19:50
Periodicals
Frontline abandons plans to buy Gener8, WSJ says »

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FRO

Frontline

$5.59

0.08 (1.45%)

GNRT

Gener8 Maritime

$6.12

0.21 (3.55%)

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NSRGY

Nestle

$84.83

0.4 (0.47%)

18:46
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Third Point confirms $3.5B stake in Nestle, urges change at company »

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WMT

Wal-Mart

$74.84

-0.68 (-0.90%)

18:23
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Wal-Mart initially clamped down on alcohol, swearing at Jet.com, WSJ says »

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GOOG

Alphabet

$965.59

8.5 (0.89%)

, GOOGL

Alphabet Class A

$986.09

9.47 (0.97%)

17:55
06/25/17
06/25
17:55
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17:55
Periodicals
EU plans EUR1B fine against Google this week, FT reports »

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GOOG

Alphabet

$965.59

8.5 (0.89%)

GOOGL

Alphabet Class A

$986.09

9.47 (0.97%)

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Nestle

$84.83

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Dan Loeb's Third Point targets Nestle, Bloomberg says »

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LNG

Cheniere Energy

$47.62

0.34 (0.72%)

17:27
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Cheniere Energy announces commencement of Korea Gas LNG contract »

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VIA

Viacom

$39.15

0.1 (0.26%)

, VIAB

Viacom

$34.11

-0.01 (-0.03%)

16:20
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Box Office Battle: Fifth 'Transformers' film ekes out $45M in franchise low »

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VIA

Viacom

$39.15

0.1 (0.26%)

VIAB

Viacom

$34.11

-0.01 (-0.03%)

TWX

Time Warner

$99.70

0.3 (0.30%)

DIS

Disney

$104.36

0.14 (0.13%)

LGF.A

Lionsgate

$27.07

0.31 (1.16%)

LGF.B

Lionsgate

$25.38

0.34 (1.36%)

FOX

21st Century Fox

$26.93

0.3 (1.13%)

FOXA

21st Century Fox

$27.19

0.22 (0.82%)

SNE

Sony

$38.52

0.11 (0.29%)

CMCSA

Comcast

$39.50

-0.44 (-1.10%)

CMCSK

Comcast

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GSK

GlaxoSmithKline

$44.29

0.13 (0.29%)

14:42
06/25/17
06/25
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GlaxoSmithKline granted Orphan designation for multiple myeloma treatment »

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BHVN

Biohaven Pharmaceutical

$25.33

-0.13 (-0.51%)

14:40
06/25/17
06/25
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Biohaven granted Orphan designation for Rett syndrome treatment »

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ESALY

Eisai

$56.42

-0.075 (-0.13%)

14:37
06/25/17
06/25
14:37
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14:37
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Eisai unit receives Orphan designation for myelomonocytic leukemia treatment »

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PTNR

Partner Communications

$5.25

0.1123 (2.19%)

14:23
06/25/17
06/25
14:23
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14:23
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Partner Communications executes early loan repayments, sees Q2 expense »

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