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VZ

Verizon

$50.36

-0.07 (-0.14%)

, YHOO

Yahoo

$41.79

0.35 (0.84%)

14:52
10/18/16
10/18
14:52
10/18/16
14:52

Verizon interested in Yahoo deal, but 'losing patience' on probe, Bloomberg says

The lack of progress in Yahoo's (YHOO) probe into its hacking event is said to be causing "dismay" at Verizon (VZ) and a lack of disclosures are said to be potentially jeopardizing the deal, though Verizon is said to be still interested in a deal with Yahoo, according to Bloomberg.

VZ

Verizon

$50.36

-0.07 (-0.14%)

YHOO

Yahoo

$41.79

0.35 (0.84%)

  • 20

    Oct

  • 07

    Nov

  • 24

    Jan

VZ Verizon
$50.36

-0.07 (-0.14%)

09/06/16
RHCO
09/06/16
NO CHANGE
Target $18
RHCO
Neutral
SunTrust sees 'limited' list of Twitter suitors, says activist action unlikely
SunTrust analyst Robert Peck reiterated his belief that Twitter (TWTR) is unlikely to sell itself in 2016 in a new note to investors, but noted that investors have asked him who would be interested if Twitter were open to a sale. While giving his opinion on potential acquirers - which he sees possibly including Google (GOOG), Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), AT&T (T), Verizon (VZ), Disney (DIS), Fox (FOXA), and Alibaba (BABA) - Peck said the company's high price and "unique" asset limit the potential buyers and gave his view that a PE buyer is highly unlikely given the company's lack of free cash flow. Additionally, Peck thinks activist action at Twitter seems "extremely unlikely" despite "unsubstantiated investor conjecture" and media reports. The analyst keeps Neutral rating and $18 price target on Twitter shares.
09/19/16
WELS
09/19/16
NO CHANGE
WELS
Concerns about Frontier Communications leverage overdone, says Wells Fargo
Wells Fargo says that some investors have expressed concern about Frontier's leverage ratio. Specifically, the firm says there are some worries that if Frontier has difficulty integrating the Verizon (VZ) assets it purchased, it may trigger bank covenants. However, Wells says that Frontier's synergy realization and subscription outlook have improved since Q2. Wells adds that the company's dividend is "very secure neat-term," and it keeps an Outperform rating on the shares.
09/23/16
RHCO
09/23/16
NO CHANGE
RHCO
Yahoo hack is probably not a material adverse change, says SunTrust
After Yahoo (YHOO) reported that over 500M of its accounts had been hacked, SunTrust analyst Robert Peck thinks that the news is probably not a material adverse change, or MAC, that would jeopardize the company's acquisition by Verizon (VZ). He notes that the sales contract says that a MAC will not be triggered by "any failure by Yahoo to meet its internal or published projections, budgets, plans, or forecasts of its revenues, earnings, or other financial performance or results of operations." The analyst says that the hack "may be manageable," since a majority of the victims could be e-mail users who are sticky. He keeps a Neutral rating on Yahoo.
09/23/16
BOFA
09/23/16
NO CHANGE
Target $55
BOFA
Buy
BofA thinks Verizon deal stays on track despite Yahoo data breach
Bank of America Merrill Lynch analyst Justin Post said that Yahoo's (YHOO) disclosure of the massive data breach impacting over 500M of its users is clearly a negative for the company that could result in email account closures, but he does not anticipate a major impact on Yahoo's business related to this breach, citing as evidence the fact that he is not aware of any significant business impairment or financial liability related to security breaches at LinkedIn (LNKD) in 2012 and at eBay (EBAY) in 2014. Post adds that the Target (TGT) data breach, which did include credit card info, is not directly comparable to Yahoo's breach. For Verizon (VZ) to back out of its acquisition agreement, Post thinks the company would need to assume Yahoo acted in bad faith during negotiations and that the Yahoo asset is impaired or comes with significant liability, neither of which he sees as being the case. The analyst keeps a Buy rating on Yahoo and bumped his target on the shares to $55 from $53, citing an increased price target on Alibaba (BABA) that a peer at the firm recently set.
YHOO Yahoo
$41.79

0.35 (0.84%)

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.
10/18/16
NEED
10/18/16
DOWNGRADE
NEED
Hold
Yahoo downgraded to Hold from Buy at Needham
Needham analyst Laura Martin downgraded Yahoo to Hold saying shares now trade above her previous $40 price target, she worries Verizon (VZ) will walk away or renegotiate the acquisition price lower due to the 2014 hacking event, and lowered FY16 estimates to the low end of guidance.
10/18/16
10/18/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: Yahoo (YHOO) downgraded to Hold from Buy at Needham with analyst Laura Martin saying shares now trade above her previous $40 price target. 2. Chipotle (CMG) downgraded to Underperform from Market Perform at Raymond James with analyst Brian Vaccaro saying he believes the lost sales, still down 15-20% after the initial E.coli incident, could prove to be permanent and reflect the "new normal," increasing downside risk in the stock. 3. Prudential (PRU) downgraded to Market Perform from Outperform at FBR Capital with analyst Randy Binner saying he's taking some risk off the table ahead of the third quarter earnings reports. 4. DDR Corp. (DDR) downgraded to Neutral from Outperform at Boenning & Scattergood with analyst Floris van Dijkum saying DDR could suffer higher than expected dilution due to asset sales like the recently closed upstate New York portfolio and said there could be more downward pressure on NAV based on further disposals. 5. Carrizo Oil & Gas (CRZO) downgraded to Neutral from Buy at Goldman analyst John Nelson citing 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.

TODAY'S FREE FLY STORIES

SPB

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CAT

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BA

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$176.59

1.2274 (0.70%)

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FRTA

Forterra

$18.52

-0.14 (-0.75%)

11:04
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Conference/Events
Forterra management to meet with Oppenheimer »

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LMT

Lockheed Martin

$263.90

-2.025 (-0.76%)

11:03
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Trump says Lockheed Martin cut plane costs by $700M »

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LHCG

LHC Group

$49.26

0.36 (0.74%)

11:02
02/23/17
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Conference/Events
LHC Group management to meet with Oppenheimer »

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NTT

Nippon Telegraph

$42.17

0.22 (0.52%)

11:02
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NTT Communication to acquire 100% ownership of RagingWire Data Centers »

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PLSE

Pulse Biosciences

$14.49

0.66 (4.77%)

11:01
02/23/17
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Periodicals
Pulse Biosciences mentioned cautiously by TheStreetSweeper 

Reference Link

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11:01
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NLSN

Nielsen

$45.10

0.215 (0.48%)

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FEYE

FireEye

$11.23

-0.57 (-4.83%)

11:01
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Options
Call buyers jump as FireEye shares catch fire »

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11:00
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ORCL

Oracle

$42.84

0.33 (0.78%)

10:51
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Options
Large option block opened in Oracle as shares reach 52-week highs »

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NVDA

NVIDIA

$110.76

-0.31 (-0.28%)

, INTC

Intel

$36.07

-0.45 (-1.23%)

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NVDA

NVIDIA

$110.76

-0.31 (-0.28%)

INTC

Intel

$36.07

-0.45 (-1.23%)

AMD

AMD

$14.28

0.28 (2.00%)

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AMCX

AMC Networks

$57.50

-0.19 (-0.33%)

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  • 23

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FCX

Freeport McMoRan

$13.77

0.0354 (0.26%)

10:46
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