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TTWO

Take-Two

$42.35

-0.15 (-0.35%)

, EA

Electronic Arts

$81.76

-0.77 (-0.93%)

05:45
10/14/16
10/14
05:45
10/14/16
05:45

Sept. NPD video game software sales fell 31%, says Piper Jaffray

Piper Jaffray analyst Michael Olson notes September NPD video game software sales fell 31% year-over-year amid a tough comparison with launches last year of Konami's Metal Gear Solid V and Nintendo's Super Mario Maker. Top sellers this year were Take-Two's (TTWO) NBA 2K17 and Electronic Arts' (EA) Madden NFL 17 and FIFA, Olson tells investors in a research note. He views Take-Two as the biggest winner for the full September quarter. The analyst keeps Overweight ratings on Take-Two, EA, Activision Blizzard (ATVI) and GameStop (GME).

TTWO

Take-Two

$42.35

-0.15 (-0.35%)

EA

Electronic Arts

$81.76

-0.77 (-0.93%)

ATVI

Activision Blizzard

$43.16

-0.17 (-0.39%)

GME

GameStop

$25.47

-0.65 (-2.49%)

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    Nov

TTWO Take-Two
$42.35

-0.15 (-0.35%)

08/12/16
PIPR
08/12/16
NO CHANGE
PIPR
July NPD video game software sales dropped 13%, says Piper Jaffray
Piper Jaffray analyst Michael Olson notes that July NPD video game software sales were down 13% year-over-year. The analyst attributes the decline to a difficult comparison with sell-through of Batman Arkham Knight the prior year and a bunch of new releases during July 20. Olson views the data as a "slight positive" for GameStop's (GME) July quarter and "irrelevant" for Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two (TTWO). The analyst keeps an Overweight rating on all four names.
10/06/16
PIPR
10/06/16
NO CHANGE
Target $51
PIPR
Overweight
Take-Two price target raised to $51 from $45 at Piper Jaffray
Piper Jaffray analyst Michael Olson raised his price target for Take-Two Interactive to $51 saying he believes the next iteration of Red Dead will hit in the second half of 2017. The analyst notes that 23% of the 450 console owners his firm surveyed expected that they would buy the game, which would translate into 17M units. Olson keeps an Overweight rating on Take-Two.
10/13/16
OPCO
10/13/16
INITIATION
Target $54
OPCO
Outperform
Take-Two initiated with an Outperform at Oppenheimer
Oppenheimer analyst Andrew Uerkwitz initiated Take-Two Interactive with an Outperform rating and $54 price target as he believes the smallest of the three video game publishers publicly listed in the U.S. is well positioned for revenue and earnings growth.
09/09/16
PIPR
09/09/16
NO CHANGE
PIPR
August NPD video game software sales rose 1%, says Piper Jaffray
Piper Jaffray analyst Michael Olson says August NPD video game software sales were up 1% year-over-year, driven by Sony (SNE) publishing No Man's Sky and Electronic Arts' (EA) Madden NFL 17. The data are most positive for Activision Blizzard (ATVI), which continued to benefit from sell-through of incremental title Overwatch, Olson tells investors in a research note. He believes the monthly numbers are largely irrelevant for Take-Two (TTWO), since NBA 2K17 is due out in September, and GameStop (GME), since the company announced October quarter guidance at the end of August.
EA Electronic Arts
$81.76

-0.77 (-0.93%)

08/23/16
PIPR
08/23/16
NO CHANGE
Target $88
PIPR
Overweight
Madden NFL 17 early reviews 'solid,' says Piper Jaffray
Piper Jaffray analyst Michael Olson noted that the current average "metacritic" rating for Electronic Arts' just-released Madden NFL 17 is a "solid" 83.5, which he points out is in-line with last year's game and ahead of the franchise's 10 year average. Given the larger next-gen console base and solid reviews, the firm's estimate for flat year-over-year Madden units of 5.5M may turn out to be conservative, said Olson, who keeps an Overweight rating and $88 price target on Electronic Arts shares.
09/23/16
09/23/16
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. Morgan Stanley analyst Brian Nowak initiated Activision Blizzard (ATVI) and Electronic Arts (EA), both with Overweight ratings. The analyst is bullish on the digital gaming shift away from "units sold" to a business model based on users, engagement, and digital monetization. He sees digital in-game offerings resulting in recurring and growth user bases, increased per-game engagement, and further monetization opportunities. 2. AstraZeneca (AZN) and GlaxoSmithKline (GSK) both initiated with Overweight ratings by Piper Jaffray analyst Richard Purkiss. 3. Achillion (ACHN) initiated with an Outperform by Wedbush analyst Heather Behanna, who set a $13 price target on the shares. 4. Sysco (SYY) initiated with an Underweight at Barclays and $48 price target by analyst Karen Short. 5. Five Below (FIVE), Dollar Tree (DLTR) and Dollar General (DG) all initiated with Equal Weight ratings by Barclays analyst Karen Short. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/23/16
MSCO
09/23/16
INITIATION
Target $101
MSCO
Overweight
Electronic Arts initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Brian Nowak initiated Electronic Arts with an Overweight and a $56 price target. The analyst is bullish on the digital gaming shift away from "units sold" to a business model based on users, engagement, and digital monetization. He sees digital in-gam offerings resulting in recurring and growth user bases, increased per-game engagement, and further monetization opportunities. Nowak is also bullish on EA's mobile advertising opportunity, which can $150M of revenue in FY18 and FIFA mobile opportunity.
ATVI Activision Blizzard
$43.16

-0.17 (-0.39%)

10/12/16
PIPR
10/12/16
NO CHANGE
Target $51
PIPR
Overweight
Activision Blizzard can add $1B of revenue by 2020, says Piper Jaffray
Piper Jaffray analyst Michael Olson sees a path to Activision Blizzard potentially generating greater than $1B of incremental revenue by 2020 through extensions of existing as well as new offerings. The analyst lists advertising in King games, eSports and consumer products/content as the primary categories of incremental growth. He raised his price target for Activision shares to $51 from $46 and keeps an Overweight rating on the shares.
10/13/16
OPCO
10/13/16
INITIATION
Target $53
OPCO
Outperform
Activision Blizzard initiated with an Outperform at Oppenheimer
Oppenheimer analyst Andrew Uerkwitz initiated Activision Blizzard with an Outperform rating and $53 price target, saying he believes the company can outperform video game industry peers amid the shift to digital distribution and new monetization models.
09/23/16
MSCO
09/23/16
INITIATION
Target $56
MSCO
Overweight
Activision Blizzard initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Brian Nowak initiated Activision Blizzard with an Overweight and a $56 price target. The analyst is bullish on the digital gaming shift away from "units sold" to a business model based on users, engagement, and digital monetization. He sees digital in-game offerings resulting in recurring and growth user bases, increased per-game engagement, and further monetization opportunities. Nowak is bullish on the King mobile ad opportunity and expects it to add approximately $500M and 34c to earnings by 2018.
GME GameStop
$25.47

-0.65 (-2.49%)

09/09/16
HDLY
09/09/16
UPGRADE
Target $33
HDLY
Buy
GameStop upgraded to Buy from Neutral at Hilliard Lyons
Hilliard Lyons analyst Jeffrey Thomison upgraded GameStop to Buy with an unchanged price target of $33.
09/09/16
09/09/16
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. Chesapeake (CHK) upgraded to Buy from Hold at Wunderlich with analyst Jason Wangler saying the company's assets are performing and its balance sheet is improving. 2. GameStop (GME) upgraded to Buy from Neutral at Hilliard Lyons. 3. Finisar (FNSR) upgraded to Buy from Neutral at MKM Partners with analyst Michael Genovese saying he is "extremely upbeat on the Optical components/module industry," and Chinese demand for 10G and 100G Optical modules appears it can stay strong for multiple years. 4. Randgold (GOLD) upgraded to Buy from Neutral at UBS with the firm citing the recent pullback in the shares and the potential for a dividend raise in 2017. 5. Teekay LNG (TGP) upgraded to Outperform from Market Perform at Wells Fargo analyst Michael Webber saying the discount to net asset value and the company's progress around financing its order book make the valuation "particularly compelling." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/16
RHCO
10/12/16
NO CHANGE
RHCO
Best Buy, GameStop should be able to sidestep Note 7 impact, says SunTrust
SunTrust analyst David Magee, in two separate notes to investors, said that he believes Samsung's (SSNLF) troubles with the Galaxy Note 7 should not translate to shortfalls for either GameStop's (GME) mobile stores or for Best Buy (BBY), as in both cases most of their customers will simply pick different models. Sony's VR headset and other upcoming products in the category are "ideal for customers to try out in stores," added Magee, who keeps a Buy rating on both GameStop and Best Buy.

TODAY'S FREE FLY STORIES

AVA

Avista

$51.40

0.1 (0.19%)

18:47
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  • 05

    Nov

BMWYY

BMW

$34.00

0.083 (0.24%)

18:40
09/22/17
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18:40
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Periodicals
BMW to build new 8 series in Dingolfing from 2018, Reuters reports »

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CSCO

Cisco

$33.37

0.67 (2.05%)

18:20
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BMY

Bristol-Myers

$63.36

0.03 (0.05%)

18:12
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18:12
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18:12
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Bristol-Myers announces FDA approval of Opdivo »

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  • 05

    Mar

INSE

Inspired Entertainment

$13.60

0.3 (2.26%)

17:38
09/22/17
09/22
17:38
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17:38
Hot Stocks
Inspired Entertainment COO Wilson leaving by reason of redundancy »

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  • 28

    Sep

MNOV

MediciNova

$6.18

0.3 (5.10%)

17:30
09/22/17
09/22
17:30
09/22/17
17:30
Syndicate
Breaking Syndicate news story on MediciNova »

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  • 26

    Sep

ISRG

Intuitive Surgical

$1,031.52

1.31 (0.13%)

17:25
09/22/17
09/22
17:25
09/22/17
17:25
Conference/Events
Intuitive Surgical to host special shareholder meeting »

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GD

General Dynamics

$205.41

-0.31 (-0.15%)

17:21
09/22/17
09/22
17:21
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17:21
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General Dynamics Electric Boat awarded $341.2M government contract modification »

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CHRS

Coherus Biosciences

$12.85

0.3 (2.39%)

17:19
09/22/17
09/22
17:19
09/22/17
17:19
Syndicate
Breaking Syndicate news story on Coherus Biosciences »

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  • 25

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FIBK

First Interstate

$36.90

0.3 (0.82%)

17:18
09/22/17
09/22
17:18
09/22/17
17:18
Syndicate
First Interstate files to sell $250M of Class A common stock »

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NRCIA

National Research, also tag NRCIB

$37.45

0.55 (1.49%)

, NRCIB

National Research, also tag NRCIA

$54.30

0.31 (0.57%)

17:08
09/22/17
09/22
17:08
09/22/17
17:08
Hot Stocks
National Research launches metric to measure healthcare consumer loyalty »

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NRCIA

National Research, also tag NRCIB

$37.45

0.55 (1.49%)

NRCIB

National Research, also tag NRCIA

$54.30

0.31 (0.57%)

03/08/13
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03/06/13
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03/06/13
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CC

Chemours

$51.79

-0.16 (-0.31%)

, HON

Honeywell

$141.75

0.89 (0.63%)

16:58
09/22/17
09/22
16:58
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16:58
Hot Stocks
Chemours files appeal concerning SNAP 20 rule to regulate HFCs »

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CC

Chemours

$51.79

-0.16 (-0.31%)

HON

Honeywell

$141.75

0.89 (0.63%)

03/08/13
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AGN

Allergan

$204.65

1.99 (0.98%)

16:57
09/22/17
09/22
16:57
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16:57
Hot Stocks
Allergan receives refusal to file letter from FDA for Vraylar »

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  • 25

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HON

Honeywell

$141.75

0.89 (0.63%)

, CC

Chemours

$51.79

-0.16 (-0.31%)

16:51
09/22/17
09/22
16:51
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16:51
Hot Stocks
Honeywell, Chemours seek rehearing of D.C Court decision regarding SNAP program »

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HON

Honeywell

$141.75

0.89 (0.63%)

CC

Chemours

$51.79

-0.16 (-0.31%)

03/08/13
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03/06/13
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JOE

Saint Joe Co.

$18.60

0.45 (2.48%)

16:46
09/22/17
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16:46
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Breaking Hot Stocks news story on Saint Joe Co. »

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16:40
09/22/17
09/22
16:40
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16:40
General news
Moody's downgrades UK's rating to Aa2, changes outlook to stable »

Moody's Investors…

A

Agilent

$65.78

-0.14 (-0.21%)

, MRK

Merck

$65.13

-0.47 (-0.72%)

16:36
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Agilent receives expanded FDA approval for the use of Dako PD-L1 IHC 22C3 »

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A

Agilent

$65.78

-0.14 (-0.21%)

MRK

Merck

$65.13

-0.47 (-0.72%)

03/08/13
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TYHT

Shineco

$3.23

-0.45 (-12.23%)

16:35
09/22/17
09/22
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16:35
Hot Stocks
Shineco enters into strategic cooperation to establish Apocynum Industrial Park »

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

16:34
09/22/17
09/22
16:34
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16:34
Hot Stocks
Appliance Recycling gets written notice of default »

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RNVA

Rennova Health

$0.22

0.0086 (4.07%)

16:31
09/22/17
09/22
16:31
09/22/17
16:31
Hot Stocks
Rennova Health announces 1 for 15 reverse stock split »

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

16:31
09/22/17
09/22
16:31
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16:31
Hot Stocks
Breaking Hot Stocks news story on Appliance Recycling »

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16:30
09/22/17
09/22
16:30
09/22/17
16:30
Options
Preliminary option volume of 13.9M today »

Preliminary option volume…

EKSO

Ekso Bionics

$1.28

0.14 (12.28%)

16:23
09/22/17
09/22
16:23
09/22/17
16:23
Hot Stocks
Ekso Bionics awarded government contract »

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UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

, AET

Aetna

$153.57

0.18 (0.12%)

16:22
09/22/17
09/22
16:22
09/22/17
16:22
General news
On The Fly: Top stock stories for Friday »

The major averages…

UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

AET

Aetna

$153.57

0.18 (0.12%)

ANTM

Anthem

$182.86

-0.64 (-0.35%)

CI

Cigna

$182.74

0.61 (0.33%)

AAPL

Apple

$151.89

-1.5 (-0.98%)

FSLR

First Solar

$51.41

2.65 (5.43%)

FINL

Finish Line

$9.73

0.51 (5.53%)

ASND

Ascendis Pharma

$34.24

6.5 (23.43%)

VSAR

Versartis

$2.68

-18.925 (-87.62%)

ICPT

Intercept

$61.59

-12.11 (-16.43%)

03/08/13
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  • 22

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  • 22

    Oct

DLR

Digital Realty

$114.51

-1.72 (-1.48%)

16:19
09/22/17
09/22
16:19
09/22/17
16:19
Syndicate
Breaking Syndicate news story on Digital Realty »

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