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VIA

Viacom

$40.95

-0.04 (-0.10%)

, VIAB

Viacom

$36.26

-0.01 (-0.03%)

09:37
10/11/16
10/11
09:37
10/11/16
09:37

Viacom, CBS to engage in talks 'soon,' CNBC's Faber says

Viacom (VIA) and CBS (CBS), which have been urged by their shared parent, National Amusements, to explore a merger, have not yet engaged in talks, but they will do so "soon," sources tell CNBC's David Faber. Les Moonves, the CEO of CBS, is seeking governance rights in his own talks with National Amusements, according to Faber.

VIA

Viacom

$40.95

-0.04 (-0.10%)

VIAB

Viacom

$36.26

-0.01 (-0.03%)

CBS

CBS

  • 09

    Nov

VIA Viacom
$40.95

-0.04 (-0.10%)

09/20/16
BMUR
09/20/16
NO CHANGE
Target $65
BMUR
Buy
Brean Capital says merger between Viacom and CBS is quite possible
Brean Capital analyst Alan Gould believes a merger between Viacom (VIA) and CBS (CBS) is quite possible. In such a scenario, the analyst sees Viacom buying CBS, which would allow for a greater premium to CBS shareholders, but he added there is also the possibility of CBS doing the buying. Gould believes a merger would be the best way to maximize returns for both shareholders. He also believes such a merger could already be discounted in the shares. Gould rates CBS a Buy with a $65 price target.
09/20/16
WELS
09/20/16
NO CHANGE
WELS
Viacom dividend likely to be eliminated, says Wells Fargo
Wells Fargo says that the market is expecting Viacom (VIA,VIAB) to cut its dividend by 50%. However, Wells Fargo says that the company will eliminate its entire dividend within tow months from now. The firm says that a 50% cut would enable Viacom to barely make its debt payments for the next year but still leave it "with limited financial visibility running at break-even with no cushion." The firm thinks that the company needs at least some cash cushion. It does not expect the company to merge with CBS (CBS) and keeps an Underperform rating on Viacom.
09/22/16
TLSY
09/22/16
DOWNGRADE
TLSY
Market Perform
CBS downgraded on likely Viacom merger at Telsey Advisory
As noted earlier, Telsey downgraded CBS (CBS) to Market Perform from Outperform. Analyst Tom Eagan says that CBS will probably merge with Viacom (VIA, VIAB). The analyst believes that it will take "years" for Viacom to be turned around, and he says that Viacom's fiscal 2017 EBITDA will come in 18% below its fiscal 2015 level. The analyst expects the company's credit rating to be downgraded by S&P. CBS target to $57 from $67.
10/04/16
UBSW
10/04/16
UPGRADE
Target $66
UBSW
Buy
CBS upgraded to Buy at UBS
As reported previously, UBS analyst Doug Mitchelson upgraded CBS (CBS) to Buy from Sell. The analyst sees any deal with Viacom (VIA) as priced into CBS shares already. He also has increased confidence in consensus estimates for CBS and sees further upside if the national TV ad market and CBS' ratings remain strong. Mitchelson raised his price target to $66 from $52 on CBS shares.
VIAB Viacom
$36.26

-0.01 (-0.03%)

09/21/16
WDLK
09/21/16
NO CHANGE
Target $65
WDLK
Viacom price target lowered to $65 from $82 at Wunderlich
09/22/16
FBCO
09/22/16
NO CHANGE
Target $42
FBCO
Outperform
Viacom price target lowered to $42 from $53 at Credit Suisse
Credit Suisse analsyt Omar Sheikh lowered Viacom estimates driven by lower forecasts for Paramount and reduced its price target to $42 from $53. The analyst believes management changes make the long-term earnings recovery from a potential restructuring of Cable Networks and a return of Paramount profitability more likely and maintains his Outperform rating.
CBS CBS

09/22/16
09/22/16
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. CBS (CBS) downgraded to Market Perform from Outperform at Telsey Advisory with analyst Tom Eagan saying that CBS will probably merge with Viacom (VIA, VIAB). 2. Jabil Circuit (JBL) downgraded to Hold from Buy at Needham with analyst Sean Hannan saying that 2017 will unlikely be a "robust year." 3. Pearson (PSO) downgraded to Neutral from Outperform at Exane BNP Paribas. 4. Syntel (SYNT) downgraded to Market Perform from Outperform at Barrington with analyst Vincent Colicchio saying he's "increasingly concerned that the challenging environment will continue to negatively impact the company's business." 5. FMC Technologies (FTI) downgraded to Neutral from Accumulate at Seaport Global wit analyst Mark Brown saying upstream customers have "little appetite" for deepwater development spending. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/16
UBSW
10/04/16
UPGRADE
UBSW
Buy
CBS upgraded to Buy from Sell at UBS
10/04/16
10/04/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. CBS (CBS) upgraded to Buy from Sell at UBS with analyst Doug Mitchelson saying he sees any deal with Viacom (VIA) as priced into CBS shares already. He also has increased confidence in consensus estimates for CBS and sees further upside if the national TV ad market and CBS' ratings remain strong. 2. Pandora (P) upgraded to Conviction Buy from Buy at Goldman with analyst Heath Terry saying he sees significant upside to out-year estimates from premium radio and on-demand subscriptions. He expects competition to ease as new entrants slow and existing providers focus on profitability and limit "free" models. 3. Las Vegas Sands (LVS) upgraded to Buy from Neutral at BofA/Merrill with analyst Shaun Kelley saying shares remain fairly under-owned and thinks estimate revisions will move higher due to market momentum, better ROI for Parisian, Cotai infrastructure additions, and optionality from Japan and real estate. 4. KBR (KBR) upgraded to Buy from Hold at Deutsche Bank with analyst Chad Dillard saying yesterday's 10% post-guidance cut selloff is overdone and backward-looking. 5. West Marine (WMAR) upgraded to Buy from Neutral at B. Riley. 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

LOW

Lowe's

$81.29

6.92 (9.30%)

, BBY

Best Buy

$42.01

-2.12 (-4.80%)

13:05
03/01/17
03/01
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13:05
General news
On The Fly: Top stock stories at midday »

Stocks opened sharply…

LOW

Lowe's

$81.29

6.92 (9.30%)

BBY

Best Buy

$42.01

-2.12 (-4.80%)

KMX

CarMax

$65.22

0.68 (1.05%)

MCD

McDonald's

$129.21

1.5608 (1.22%)

GOOG

Alphabet

$823.21

-6.07 (-0.73%)

GOOGL

Alphabet Class A

$844.93

-4.74 (-0.56%)

CMCSA

Comcast

$37.42

-0.11 (-0.29%)

CMCSK

Comcast

FOX

21st Century Fox

$29.35

-0.66 (-2.20%)

CBS

CBS

$67.48

1.56 (2.37%)

DIS

Disney

$111.73

1.635 (1.49%)

LOGM

LogMeln

$91.75

-2 (-2.13%)

FOLD

Amicus

$6.49

0.06 (0.93%)

WTW

Weight Watchers

$18.74

4.35 (30.23%)

PANW

Palo Alto Networks

$118.06

-33.84 (-22.28%)

AMBA

Ambarella

$58.95

-0.83 (-1.39%)

ETSY

Etsy

$12.12

-0.67 (-5.24%)

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    Apr

TGT

Target

$57.94

-0.8346 (-1.42%)

, AAPL

Apple

$136.99

0.06 (0.04%)

13:02
03/01/17
03/01
13:02
03/01/17
13:02
Periodicals
Target returns some iPhone SE stock ahead of Apple press event, MacRumors says »

Target (TGT) told its…

TGT

Target

$57.94

-0.8346 (-1.42%)

AAPL

Apple

$136.99

0.06 (0.04%)

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  • 13

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CMTL

Comtech

$11.41

-0.37 (-3.14%)

13:02
03/01/17
03/01
13:02
03/01/17
13:02
Hot Stocks
Comtech in $4.5M pact for navigation, telematics services »

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VRA

Vera Bradley

$10.46

-0.36 (-3.33%)

13:01
03/01/17
03/01
13:01
03/01/17
13:01
Options
Earnings hedge in Vera Bradley »

Earnings hedge in Vera…

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  • 08

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SKLN

Skyline Medical

$1.92

0.07 (3.78%)

12:57
03/01/17
03/01
12:57
03/01/17
12:57
Technical Analysis
Skyline Medical spikes higher on extremely heavy volume, retraces some gains »

The stock was last at…

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SKLN

Skyline Medical

$1.92

0.07 (3.78%)

12:52
03/01/17
03/01
12:52
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12:52
Hot Stocks
Skyline Medical soars after receiving contract from Vizient »

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KRNT

Kornit Digital

$16.20

-0.55 (-3.28%)

12:50
03/01/17
03/01
12:50
03/01/17
12:50
Conference/Events
Kornit Digital management to meet with Canaccord »

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TWTR

Twitter

$15.69

-0.085 (-0.54%)

12:49
03/01/17
03/01
12:49
03/01/17
12:49
Hot Stocks
Twitter says launching algorithm-based safety tools »

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WLL

Whiting Petroleum

$11.32

0.47 (4.33%)

12:47
03/01/17
03/01
12:47
03/01/17
12:47
Conference/Events
Whiting Petroleum management to meet with Canaccord »

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  • 01

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12:45
03/01/17
03/01
12:45
03/01/17
12:45
General news
Atlanta Fed's Q1 GDPNow estimate was slashed to 1.8% »

Atlanta Fed's Q1…

PNW

Pinnacle West

$82.08

-0.11 (-0.13%)

12:44
03/01/17
03/01
12:44
03/01/17
12:44
Hot Stocks
APS, group reach consensus rate review agreement »

Arizona Public Service, a…

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ARCC

Ares Capital

$17.75

-0.04 (-0.22%)

12:41
03/01/17
03/01
12:41
03/01/17
12:41
Options
Ares Capital attracts a large spread trade »

Ares Capital attracts a…

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MMSI

Merit Medical

$30.80

-0.05 (-0.16%)

12:37
03/01/17
03/01
12:37
03/01/17
12:37
Conference/Events
Merit Medical management to meet with Canaccord »

Meeting to be held in…

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MSG

Madison Square Garden

$185.32

5.96 (3.32%)

12:36
03/01/17
03/01
12:36
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12:36
Hot Stocks
Madison Square Garden in 'active' talks to bring Grammys back to MSG »

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PANW

Palo Alto Networks

$118.56

-33.34 (-21.95%)

12:33
03/01/17
03/01
12:33
03/01/17
12:33
Downgrade
Palo Alto Networks rating change  »

Palo Alto Networks…

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IBKR

Interactive Brokers

$36.71

-0.98 (-2.60%)

12:32
03/01/17
03/01
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12:32
Hot Stocks
Interactive Brokers reports February DARTS down 12% y/y »

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SQ

Square

$17.38

0.06 (0.35%)

12:32
03/01/17
03/01
12:32
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Hot Stocks
Square acquires OrderAhead pickup business »

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SWFT

Swift Transportation

$22.13

0.41 (1.89%)

12:31
03/01/17
03/01
12:31
03/01/17
12:31
Options
Second day of bullish flow in Swift Transportation »

Second day of bullish…

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BLK

BlackRock

$398.84

11.38 (2.94%)

, WETF

WisdomTree

$9.11

-0.21 (-2.25%)

12:31
03/01/17
03/01
12:31
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12:31
Hot Stocks
Labor Department proposes extension of fiduciary rule applicability dates »

The U.S. Department of…

BLK

BlackRock

$398.84

11.38 (2.94%)

WETF

WisdomTree

$9.11

-0.21 (-2.25%)

LM

Legg Mason

$37.70

-0.02 (-0.05%)

IVZ

Invesco

$32.64

0.45 (1.40%)

WDR

Waddell & Reed

$19.66

0.415 (2.16%)

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MCD

McDonald's

$128.07

0.42 (0.33%)

12:26
03/01/17
03/01
12:26
03/01/17
12:26
Technical Analysis
McDonald's trades higher following lift of halt »

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MCD

McDonald's

$128.07

0.42 (0.33%)

12:25
03/01/17
03/01
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12:25
Hot Stocks
Breaking Hot Stocks news story on McDonald's »

McDonald's up 1.4%…

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MSFT

Microsoft

$63.98

-0.25 (-0.39%)

, FCN

FTI Consulting

$41.21

0.97 (2.41%)

12:25
03/01/17
03/01
12:25
03/01/17
12:25
Conference/Events
FTI Consulting co-hosts a webinar with Microsoft »

Webinar entitled,…

MSFT

Microsoft

$63.98

-0.25 (-0.39%)

FCN

FTI Consulting

$41.21

0.97 (2.41%)

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MYL

Mylan

$41.85

-0.59 (-1.39%)

12:25
03/01/17
03/01
12:25
03/01/17
12:25
Conference/Events
Mylan to host investor day with a conference call hook-up »

CEO Bresch holds an…

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MCD

McDonald's

$128.07

0.42 (0.33%)

12:23
03/01/17
03/01
12:23
03/01/17
12:23
Hot Stocks
Breaking Hot Stocks news story on McDonald's »

McDonald's trading…

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ANF

Abercrombie & Fitch

$11.20

-0.565 (-4.80%)

12:21
03/01/17
03/01
12:21
03/01/17
12:21
Options
Abercrombie puts outpace calls 3:1 as shares fall before earnings »

Abercrombie puts outpace…

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