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DIS

Disney

$92.91

0.46 (0.50%)

13:49
10/06/16
10/06
13:49
10/06/16
13:49

Disney World closes parks in anticipation of Hurricane Matthew, CNBC reports

Walt Disney World in Florida will close its parks for only the fourth time since it opened as Hurricane Matthew threatens to hit the state late Thursday night, CNBC reports. The parks have closed just three other times since 1971, all for hurricanes, the report notes. "Based on the most recent forecasts for Hurricane Matthew, Walt Disney World theme parks, water parks, Disney Springs, miniature golf courses and ESPN Wide World of Sports Complex will all be closed today by 5 p.m., and will remain closed through Fri., Oct. 7," a Disney World spokeswoman said, according to CNBC. Reference Link

  • 10

    Nov

DIS Disney
$92.91

0.46 (0.50%)

09/26/16
09/26/16
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. Disney (DIS) downgraded to Hold from Buy at Drexel Hamilton with analyst Tony Wible saying he believes a large step up in NBA costs, incremental subscribers losses, difficult studio comps, a riskier studio slate, and Shanghai cost pressures will weigh on fiscal 2017. 2. Twitter (TWTR) downgraded to Underperform from Perform at Oppenheimer with analyst Jason Helfstein saying a media company is the most likely acquirer of Twitter and would not pay meaningfully more than the valuation implied by our price target. 3. RetailMeNot (SALE) downgraded to Sell from Hold at Stifel with analyst Scott Devitt saying third party data indicates that the company's traffic trends have deteriorated recently. 4. Finish Line (FINL) downgraded to Neutral from Buy at Buckingham with the firm's analyst believing shares will be range bound in medium term due to high comp expectations, cost savings will be offset by incentive compensation and other investments, and less compelling valuation. 5. NetApp (NTAP) downgraded to Sell from Hold at Deutsche Bank with analyst Sherri Scribner saying secular challenges in the storage market are not reflected in NetApp's current valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/27/16
SBSH
09/27/16
NO CHANGE
Target $16
SBSH
Neutral
Citi sees 40% downside in Twitter with no takeover bid
Citi analyst Mark May believes Twitter's (TWTR) risk/reward skews to the downside following the recent rally in the shares. A buyout of the company carries "strategic rationale for certain companies," but Twitter's "struggles and steep valuation" make a deal at a meaningful premium less likely, May tells investors in a research note. A takeover at $26 per share looks aggressive, May contends. He believes the stock could retest the lows of late May, representing 40% downside from current levels, should an acquisition offer not materialize. The analyst keeps a Neutral rating on Twitter with a $16 price target. The shares closed yesterday up 75c to $23.37 following reports that Disney (DIS) may be joining the list of potential acquires that already includes Alphabet (GOOG) and Salesforce (CRM).
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.
10/06/16
SBSH
10/06/16
NO CHANGE
Target $89
SBSH
Buy
Citi says Salesforce buying Twitter 'nearly impossible' above $28/share
Citi analyst Walter Pritchard believes a Salesforce (CRM) acquisition of Twitter (TWTR) is possible financially but that such a deal would put "significant constraints" on the company for the next three-plus years. The analyst sees "very little reason" for Salesforce to own Twitter and feels the acquisition "would pose a difficult decision" for CEO Marc Benioff and the board. Salesforce closed yesterday down 6%, or $4.21, to $68.42. Recode reported last night that the company is likely the only bidder left for Twitter after Disney (DIS) and Alphabet (GOOG) opted not to pursue a deal while Apple (AAPL) is unlikely. Twitter in pre-market trading is down 14% to $21.50. In order for Salesforce to avoid a shareholder vote, it would have to borrow $7.5B to fund the transaction if Twitter were valued at $20B, or $27.50-$28 per share, Pritchard tells investors in a research note. This is a level that likely constrains the company with little additional borrowing capacity for other deals, the analyst contends. He thinks the deal is "nearly impossible to do" for Salesforce should the bidding for Twitter go above $20B or $28 per share. Pritchard has a Buy rating on Salesforce with an $89 price target.

TODAY'S FREE FLY STORIES

GE

General Electric

$27.55

-0.23 (-0.83%)

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OKE

Oneok

$47.79

0.38 (0.80%)

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GE

General Electric

$27.55

-0.23 (-0.83%)

17:55
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    Jun

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    Oct

SGH

Smart Global

$16.20

0.45 (2.86%)

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0.9 (8.13%)

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Ocular Therapeutix

$11.54

0.5 (4.53%)

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0.08 (1.58%)

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Williams-Sonoma

$47.18

0.48 (1.03%)

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BBBY

Bed Bath & Beyond

$33.74

0.08 (0.24%)

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  • 22

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    Jun

SUN

Sunoco

$30.11

0.69 (2.35%)

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NVS

Novartis

$86.34

3.78 (4.58%)

, TMO

Thermo Fisher

$175.47

-0.13 (-0.07%)

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Novartis

$86.34

3.78 (4.58%)

TMO

Thermo Fisher

$175.47

-0.13 (-0.07%)

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  • 26

    Jun

  • 12

    Jul

TMO

Thermo Fisher

$175.47

-0.13 (-0.07%)

, LH

LabCorp

$150.34

4.13 (2.82%)

17:34
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Thermo Fisher says FDA grants premarket approval for Oncomine Dx Target Test »

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Thermo Fisher

$175.47

-0.13 (-0.07%)

LH

LabCorp

$150.34

4.13 (2.82%)

NEO

NeoGenomics

$8.70

0.21 (2.47%)

CGIX

Cancer Genetics

NVS

Novartis

$86.34

3.78 (4.58%)

PFE

Pfizer

$34.06

0.18 (0.53%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 22

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  • 02

    Aug

  • 27

    Aug

NGHC

National General

17:32
06/22/17
06/22
17:32
06/22/17
17:32
Syndicate
Breaking Syndicate news story on National General »

National General files to…

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  • 26

    Jun

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    Jun

NG

NovaGold

$4.42

0.13 (3.03%)

, ABX

Barrick Gold

$16.09

0.35 (2.22%)

17:29
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NovaGold and Barrick Gold to advance Donlin Gold project with $8M drill program »

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NG

NovaGold

$4.42

0.13 (3.03%)

ABX

Barrick Gold

$16.09

0.35 (2.22%)

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  • 27

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PRXL

Parexel

$87.11

-0.14 (-0.16%)

17:29
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  • 26

    Jun

BBBY

Bed Bath & Beyond

$33.74

0.08 (0.24%)

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  • 22

    Jun

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LMT

Lockheed Martin

$280.43

-2.56 (-0.90%)

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GD

General Dynamics

$201.26

-2.63 (-1.29%)

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AAL

American Airlines

$48.97

0.54 (1.12%)

17:23
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  • 22

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QSR

Restaurant Brands

$61.93

0.08 (0.13%)

17:21
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Periodicals
Restaurant Brands to cut use of antibiotics in chicken supply, Reuters reports »

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  • 27

    Jun

EMR

Emerson

$58.73

0.09 (0.15%)

17:17
06/22/17
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17:17
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17:17
Periodicals
Emerson in talks to buy software firm Paradigm, Bloomberg says »

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TEVA

Teva

$32.52

1.47 (4.73%)

17:15
06/22/17
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Conference/Events
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  • 22

    Jun

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    Aug

BBBY

Bed Bath & Beyond

$33.74

0.08 (0.24%)

17:10
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  • 22

    Jun

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LC

LendingClub

$5.70

0.17 (3.07%)

17:05
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TFX

Teleflex

$204.35

0.9 (0.44%)

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  • 22

    Jun

ALLY

Ally Financial

$20.39

0.34 (1.70%)

, AXP

American Express

$82.25

0.04 (0.05%)

17:01
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ALLY

Ally Financial

$20.39

0.34 (1.70%)

AXP

American Express

$82.25

0.04 (0.05%)

BNPQY

BNP Paribas

$34.42

-0.18 (-0.52%)

BAC

Bank of America

$22.93

-0.2 (-0.86%)

BNK

C1 Financial

BBT

BB&T

$43.34

-0.31 (-0.71%)

BBVA

Banco Bilbao

$8.13

-0.02 (-0.25%)

BMO

Bank of Montreal

$70.67

1.21 (1.74%)

COF

Capital One

$80.39

-0.49 (-0.61%)

CIT

CIT Group

$47.85

0.04 (0.08%)

C

Citi

$63.62

-0.21 (-0.33%)

CFG

Citizens Financial

$34.98

-0.22 (-0.63%)

CMA

Comerica

$71.42

-0.9 (-1.24%)

DB

Deutsche Bank

$16.74

-0.16 (-0.95%)

DFS

Discover

$60.24

-0.12 (-0.20%)

FITB

Fifth Third

$25.14

-0.25 (-0.98%)

GS

Goldman Sachs

$219.77

-2.72 (-1.22%)

HSBC

HSBC

$43.31

-0.16 (-0.37%)

HBAN

Huntington Bancshares

$12.94

-0.12 (-0.92%)

JPM

JPMorgan

$87.02

-0.1 (-0.11%)

KEY

KeyCorp

$18.20

-0.19 (-1.03%)

MTB

M&T Bank

$159.49

-1.54 (-0.96%)

MS

Morgan Stanley

$44.61

-0.3 (-0.67%)

MTU

Mitsubishi UFJ

$6.48

0.06 (0.93%)

NTRS

Northern Trust

$94.34

-0.05 (-0.05%)

PNC

PNC Financial

$120.76

-1.57 (-1.28%)

RF

Regions Financial

$13.84

-0.12 (-0.86%)

SAN

Banco Santander

$6.51

-0.03 (-0.46%)

STT

State Street

$88.68

-0.7 (-0.78%)

STI

SunTrust

$54.73

-0.56 (-1.01%)

TD

Toronto-Dominion

$49.32

0.51 (1.04%)

USB

U.S. Bancorp

$51.30

-0.7 (-1.35%)

WFC

Wells Fargo

$52.49

-0.49 (-0.92%)

ZION

Zions Bancorp

$42.30

-0.03 (-0.07%)

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HAE

Haemonetics

$39.18

-0.91 (-2.27%)

17:01
06/22/17
06/22
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17:01
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Haemonetics forms Scientific Advisory Council »

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  • 22

    Jun

ASCMA

Ascent Capital

$15.00

0.25 (1.69%)

16:55
06/22/17
06/22
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Breaking Hot Stocks news story on Ascent Capital »

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  • 27

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