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VIA

Viacom

$40.44

0.89 (2.25%)

, VIAB

Viacom

$35.82

0.7 (1.99%)

09:01
10/14/16
10/14
09:01
10/14/16
09:01

Viacom special committee retains financial advisors

The Special Committee of the Board of Directors of Viacom (VIAB, VIA) announced that it has retained financial advisors in connection with the Special Committee's evaluation of the request by National Amusements that Viacom explore a potential combination with CBS (CBS). The financial advisors are Morgan Stanley (MS), Allen & Company and LionTree LLC. The Special Committee, which is comprised of six independent Viacom board members, previously engaged Debevoise & Plimpton LLP as its independent legal advisor. The Special Committee does not intend to comment further unless and until it determines that additional disclosure is appropriate.

VIA

Viacom

$40.44

0.89 (2.25%)

VIAB

Viacom

$35.82

0.7 (1.99%)

CBS

CBS

$55.24

0.09 (0.16%)

CBS.A

$55.94

0.09 (0.16%)

MS

Morgan Stanley

$31.73

-0.18 (-0.56%)

  • 19

    Oct

  • 23

    Oct

  • 09

    Nov

VIA Viacom
$40.44

0.89 (2.25%)

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.
10/13/16
10/13/16
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. Merck (MRK) upgraded to Buy from Neutral at BofA/Merrill with analyst Colin Bristow citing its opportunity in first line lung cancer. 2. Viacom (VIA, VIAB) upgraded to Market Perform from Underperform at Wells Fargo and to Buy from Underperform at BofA/Merrill. 3. TD Ameritrade (AMTD) and Charles Schwab (SCHW) were upgraded to Buy from Neutral at BofA/Merrill. 4. Talend (TLND) upgraded to Buy from Neutral at Goldman with analyst Jesse Hulsing saying the company will benefit from analytic workloads moving to the cloud. 5. CSC (CSC) upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/13/16
WELS
10/13/16
UPGRADE
WELS
Market Perform
Viacom upgraded to Market Perform from Underperform at Wells Fargo
Wells Fargo analyst Marci Ryvicker upgraded Viacom (VIAB) to Market Perform saying she believes shares are close to a floor. A merger with CBS (CBS) does not appear imminent, but if/when it does happen, CBS is unlikely to pay less than $32-$33 per Viacom share in a take-under, Ryvicker tells investors in a research note. The analyst has a $33-$35 price target range for Viacom shares. Ryvicker says that she still "REALLY" likes CBS and is cautious on CBS and Disney (DIS) into the Q3 earnings season.
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
$35.82

0.7 (1.99%)

10/14/16
RBCM
10/14/16
NO CHANGE
RBCM
CBS outlook positive says RBC Capital
RBC Capital analyst Steven Cahall expects CBS (CBS) to report "squeaky clean" Q3 results that includes a 1c EPS beat. The analyst is upbeat on a potential acquisition of Viacom (VIAB) by CBS, saying that the recent decline in Viacom's stock would improve accretion to CBS shareholders.
10/13/16
BOFA
10/13/16
UPGRADE
BOFA
Buy
Viacom upgraded to Buy from Underperform at BofA/Merrill
BofA/Merrill analyst Jessica Reif Cohen upgraded Viacom (VIAB) two notches to Buy from Underperform and raised its price target to $44 from $37. The analyst views risk/reward as favorable given a potential turnaround by a new management team, which is almost certain. Cohen said Viacom appears closer to a strategy shift that includes re-programming, re-branding, aggressively extending content into digital outlets, and restoring Paramount to growth and profitability. The analyst expects shares to start pricing in a more robust potential as a standalone entity, or a combination with CBS (CBS).
CBS CBS
$55.24

0.09 (0.16%)

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.
CBS.A
$55.94

0.09 (0.16%)

03/09/16
03/09/16
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. Casey's General Stores (CASY) upgraded to Outperform and Strong Buy at RBC Capital and Feltl, respectively, with analysts citing valuation and long-terms earnings growth. RBC Capital analyst Irene Nattel expects a re-acceleration of FY17 unit growth driven by new store construction and strategic initiatives to result in a recovery in the multiple, consistent with peers. 2. CBS (CBS) upgraded to Outperform at Wells Fargo by analyst Marci Ryvicker, who said there is a lot more clarity on the company's core business than when she originally downgraded the shares last August. The analyst also cites strong ad trends, Nielsen's more accurate measurement system, the company's NFL deal and better monetization of Showtime. 3. Bitauto (BITA) upgraded to Outperform at Credit Suisse with analyst Evan Zhou saying that the company is making progress in auto transaction services with an improving margin profile. 4. FireEye (FEYE) upgraded to Overweight at Piper Jaffray by analyst Andrew Nowinski, who said the company's transition to an as-a-service model will be successful. Nowinski adds that FireEye is expected to reach profitability in the second half of 2017. 5. CRH (CRH) upgraded to Buy at Jefferies citing an improving outlook for most of the company's key markets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MS Morgan Stanley
$31.73

-0.18 (-0.56%)

07/13/16
BREN
07/13/16
INITIATION
Target $29
BREN
Hold
Morgan Stanley initiated with a Hold at Berenberg
Target $29.
07/13/16
07/13/16
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. Citi (C) initiated with a Buy, JPMorgan (JPM) initiated with a Sell, Goldman Sachs (GS) and Morgan Stanley (MS) initiated with a Hold at Berenberg. 2. Ingersoll-Rand (IR) initiated with an Outperform at BMO Capital. 3. Incyte (INCY) initiated with an Outperform at RBC Capital. 4. Williams (WMB) reinstated with a Buy at Goldman. 5. E-Trade (ETFC) initiated with a Buy at Buckingham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/01/16
06/01/16
NO CHANGE

BMO Capital recommends pair trade ahead of CCAR
BMO Capital recommends that investors go long Discover (DFS) and Morgan Stanley (MS) and short Comerica (CMA) and Fifth Third (FITB) ahead of the release of the 2016 CCAR results. BMO says that, after analyzing the stress tests criteria, it prefers banks with less asset sensitivity, limited exposure to capital markets, limited exposure to business outside the U.S., low market expectations for pay-out ratio increases, and high starting capital ratios. For investors expecting an intreest rate hike in June, BMO recommends going long SunTrust (STI) and shorting Comerica and Fifth Third.
10/06/16
SDLR
10/06/16
DOWNGRADE
Target $33
SDLR
Hold
Morgan Stanley downgraded to Hold from Buy at Sandler O'Neill
Sandler O'Neill analyst Jeffery Harte downgraded Morgan Stanley to Hold citing relative share outperformance and maintained his $33 price target on shares.

TODAY'S FREE FLY STORIES

ANCUF

Alimentation Couche-Tard

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1.0803 (2.25%)

, CST

CST Brands

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MSLI

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EIGI

Endurance

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HII

Huntington Ingalls

$186.97

0.68 (0.37%)

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IP

International Paper

$56.18

-0.55 (-0.97%)

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HUSA

Houston American Energy

$0.67

0.0385 (6.10%)

17:33
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Syndicate
Houston American Energy requests withdrawal of registration statement »

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KBH

KB Home

$22.82

0.04 (0.18%)

, RYI

Ryerson

$9.00

-0.1 (-1.10%)

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UP AFTER EARNINGS: KB…

KBH

KB Home

$22.82

0.04 (0.18%)

RYI

Ryerson

$9.00

-0.1 (-1.10%)

AVAV

AeroVironment

$32.49

1.52 (4.91%)

CAMP

CalAmp

$19.25

-0.37 (-1.89%)

GMRE

Global Medical REIT

$9.83

0.07 (0.72%)

WLL

Whiting Petroleum

$5.48

0.04 (0.74%)

OAS

Oasis Petroleum

$7.93

0.21 (2.72%)

03/08/13
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CHKE

Cherokee

17:22
06/27/17
06/27
17:22
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17:22
Hot Stocks
Breaking Hot Stocks news story on Cherokee »

Cherokee says announcing…

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  • 17

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KBH

KB Home

$22.82

0.04 (0.18%)

17:16
06/27/17
06/27
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17:16
Hot Stocks
KB Home sees Q3 housing revenue $1.08B-$1.15B »

Sees Q3 average selling…

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  • 27

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KBH

KB Home

$22.82

0.04 (0.18%)

17:16
06/27/17
06/27
17:16
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17:16
Hot Stocks
KB Home raises FY17 housing revenue view to $4.2B-$4.4B from $4B-$4.3B »

Sees FY17 average selling…

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  • 27

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17:15
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General news
Breaking General news story  »

Minneapolis Federal…

CHKE

Cherokee

17:13
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Hot Stocks
Cherokee receives listing notice over late 10-Q »

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  • 17

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BEP

Brookfield Renewable

$33.03

0.1 (0.30%)

, BAM

Brookfield

$39.47

0.33 (0.84%)

17:13
06/27/17
06/27
17:13
06/27/17
17:13
Syndicate
Brookfield Renewable files to sell 8.3M L.P. units on bought deal basis »

Brookfield Renewable…

BEP

Brookfield Renewable

$33.03

0.1 (0.30%)

BAM

Brookfield

$39.47

0.33 (0.84%)

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UTX

United Technologies

$121.59

-0.28 (-0.23%)

17:11
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United Technologies responds to reports regarding Carrier manufacturing facility »

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SPTN

SpartanNash

$25.30

0.22 (0.88%)

17:07
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SpartanNash says CFO Meyers resigns »

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FARO

FARO Technologies

$36.10

-0.65 (-1.77%)

17:06
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Initiation
FARO Technologies initiated  »

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MNR

Monmouth Real Estate

$14.98

-0.03 (-0.20%)

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  • 10

    Aug

WDC

Western Digital

$91.85

-0.81 (-0.87%)

, TOSBF

Toshiba, also use TOSYY

$2.60

-0.09 (-3.35%)

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Western Digital announces new 3D NAND technology, touts strength in Japan JV »

Western Digital (WDC)…

WDC

Western Digital

$91.85

-0.81 (-0.87%)

TOSBF

Toshiba, also use TOSYY

$2.60

-0.09 (-3.35%)

TOSYY

Toshiba, also use TOSBF

$15.67

-0.24 (-1.51%)

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FDP

Fresh Del Monte

$49.98

-0.19 (-0.38%)

17:03
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Fresh Del Monte and Del Monte Pacific announce series of joint ventures »

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AAL

American Airlines

$48.50

-0.28 (-0.57%)

, ALOG

Analogic

$68.15

-0.85 (-1.23%)

17:03
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American Airlines, Analogic announce partnership to improve aviation security »

American Airlines (AAL)…

AAL

American Airlines

$48.50

-0.28 (-0.57%)

ALOG

Analogic

$68.15

-0.85 (-1.23%)

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  • 07

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DOW

Dow Chemical

$63.09

-0.48 (-0.76%)

, DD

DuPont

$80.69

-0.47 (-0.58%)

16:59
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Hot Stocks
Canada Competition Bureau reaches agreement with DuPont, Dow Chemical on merger »

Canada's Competition…

DOW

Dow Chemical

$63.09

-0.48 (-0.76%)

DD

DuPont

$80.69

-0.47 (-0.58%)

FMC

FMC Corporation

$74.01

-0.76 (-1.02%)

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  • 25

    Jul

GMRE

Global Medical REIT

$9.83

0.07 (0.72%)

16:47
06/27/17
06/27
16:47
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16:47
Hot Stocks
Global Medical REIT provides update on acquisition of cardiac clinic in Lubbok »

Global Medical REIT…

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RYI

Ryerson

$9.00

-0.1 (-1.10%)

16:46
06/27/17
06/27
16:46
06/27/17
16:46
Hot Stocks
Ryerson comments on Q2 market conditions, demand environment »

In a press release…

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RYI

Ryerson

$9.00

-0.1 (-1.10%)

16:43
06/27/17
06/27
16:43
06/27/17
16:43
Earnings
Ryerson sees Q2 net income $0M-$2M »

EPS consensus 35c. Says…

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16:38
06/27/17
06/27
16:38
06/27/17
16:38
General news
API crude inventories for week of June 23 »

API reports that crude…

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