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T

AT&T

$37.70

0.14 (0.37%)

, DISH

Dish

$56.17

0.32 (0.57%)

16:06
11/21/16
11/21
16:06
11/21/16
16:06

AT&T, DISH, WPP to acquire INVIDI, terms not disclosed

AT&T (T), DISH Network (DISH), and WPP (WPPGY) have announced plans to acquire INVIDI Technologies. INVIDI will continue operating independently under the three companies' collective ownership, and each company will name representatives to INVIDI's board of directors. AT&T will hold a controlling interest in the venture. In addition to extensive distribution in U.S. households, including platforms operated by AT&T, DISH and others, INVIDI is actively deploying its technology and negotiating distribution agreements in Europe, South America and Asia. AT&T, DISH and WPP will work together, and with other existing INVIDI customers, to continue to expand INVIDI's addressable capabilities and product offerings to other video delivery platforms and providers to drive the increased deployment of addressable advertising industrywide. INVIDI will also receive a Technical Emmy Award for targeted advertising at the 68th Annual Technical Emmy Awards in January 2017. AT&T, DISH and WPP plan to maintain INVIDI's current operations, including maintaining its employees in their current locations. INVIDI has offices in Princeton, N.J., Newtown, Pa., New York, Denver, Colo. and Edmonton, Alberta, Canada. The transaction is subject to pre-merger review under the Hart-Scott-Rodino Act and other customary conditions. The companies expect to close the deal in the first quarter of 2017. The companies did not disclose financial terms.

T

AT&T

$37.70

0.14 (0.37%)

DISH

Dish

$56.17

0.32 (0.57%)

WPPGY

WPP

$105.97

1.28 (1.22%)

  • 05

    Dec

T AT&T
$37.70

0.14 (0.37%)

11/08/16
OPCO
11/08/16
DOWNGRADE
OPCO
Perform
AT&T downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Timothy Horan downgraded AT&T (T) to Perform saying CenturyLink's (CTL) dividend is "relatively more attractive." The analyst this morning upgraded CenturyLink to Outperform. Horan also believes AT&T's acquisition of Time Warner (TWX) will face higher regulatory hurtles than CenturyLink's deal for Level 3 (LVLT). He expects the Time Warner deal to take 15 months to complete versus nine months for the Level 3 acquisition.
11/04/16
DBAB
11/04/16
NO CHANGE
Target $108
DBAB
Buy
Time Warner risk/reward remains attractive, says Deutsche Bank
Deutsche Bank analyst Bryan Kraft believes Time Warner's (TWX) attractive risk/reward "remains in place." The analyst continue to see limited downside if the takeover by AT&T (T) is not approved by regulators. Time Warner trades at only 9% above its pre-deal speculation stock price, Kraft tells investors in a research note, while pointing out that he has a $95 standalone 12-month valuation for the shares. The analyst keeps a Buy rating on the shares with a $108 price target.
11/02/16
PIVT
11/02/16
UPGRADE
Target $106
PIVT
Buy
Time Warner upgraded to Buy from Hold at Pivotal Research
Pivotal Research analyst Brian Wieser upgraded Time Warner (TWX) to Buy with a $106 price target following the company's Q3 results. The analyst sees value in the stock due to the pending buyout by AT&T (T).
11/08/16
11/08/16
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. Hertz (HTZ) downgraded to Hold from Buy at Deutsche Bank and to Neutral from Buy at Northcoast. 2. AT&T (T) downgraded to Perform from Outperform at Oppenheimer with analyst Timothy Horan saying CenturyLink's (CTL) dividend is "relatively more attractive." 3. Bank of America (BAC) and Citizens Financial (CFG) downgraded to Hold from Buy at Deutsche Bank. 4. OneMain (OMF) downgraded to Market Perform from Outperform at Keefe Bruyette, to Neutral from Buy at Guggenheim, to Underperform from Buy at BofA/Merrill, to Neutral from Buy at Janney Capital, to Market Perform from Outperform at FBR Capital, and to Neutral from Outperform at Wedbush. 5. KeyCorp (KEY) and Goldman Sachs (GS) downgraded to Neutral from Buy 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.
DISH Dish
$56.17

0.32 (0.57%)

10/20/16
SBSH
10/20/16
NO CHANGE
Target $94
SBSH
Buy
Citi sees DISH as logical acquisition for Verizon
Citi analyst Jason Bazinet believes DISH Network (DISH) may be a logical acquisition target for Verizon (VZ) as the 600MHz auction concludes. DISH would help Verizon close its spectrum gap versus rivals, Bazinet tells investors in a research note. Further, Verizon will need a "nationwide team of techs and trucks for installs" should it deploy nationwide fixed wireless for in-home broadband, the analyst contends. He adds that DISH could also help Verizon bundle video/mobile nationally at scale. DISH bears believe Verizon cannot afford a deal, but an acquisition is feasible if Verizon pays with equity, Bazinet writes. He keeps a Buy rating on DISH with a $94 price target. The stock closed yesterday up 82c to $57.44.
10/13/16
MACQ
10/13/16
NO CHANGE
MACQ
DISH the 'big winner" in Sprint's spectrum value, says Macquarie
Macquarie analyst Amy Yong said Sprint's creation of of spectrum-leaseback transactions has boosted the company's liquidity position by up to $7B and finally placed an implied value to its spectrum portfolio of $117B. The analyst raised Sprint's price target to $8 from $7 but said the "big winner" is Dish (DISH) where Sprint's spectrum value at $1.85/MHz-PoP implies upside to her $66 price target and brings her valuation for DISH closer to $94 per share.
08/22/16
PIPR
08/22/16
NO CHANGE
Target $27
PIPR
Overweight
Piper Jaffray confident in Comcast signing with Rovi
Piper Jaffray analyst Michael Olson notes that Rovi (ROVI) announced a 10-year renewal with DISH (DISH) and while the terms were not disclosed, economics should be similar to recent deals, likely in the range of 21c-22c per subscriber per month. With DISH in the fold, nine of the ten major U.S. TV service providers now license Rovi guide patents, the analyst said, with Comcast (CMCSA; CMCSK) remaining the lone holdout. Olson believes discussions with Comcast are at the economic level, and is confident in Comcast signing, potentially in the first half of 2017. He reiterates an Overweight rating and $27 price target on Rovi's shares.
08/22/16
JPMS
08/22/16
NO CHANGE
JPMS
Overweight
DISH renewal a major positive for Rovi, says JPMorgan
JPMorgan analyst Sterling Auty said he views Rovi's (ROVI) newly-announced 10-year contract renewal with DISH Networks (DISH) as a "major positive" that should help Rovi's position to complete its renewal with Comcast (CMCSA), which is the only top 10 pay-TV provider not currently under contract with the company. The announcement language suggests pricing "somewhere just above" that given to AT&T (T) and the duration of the deal validates the longevity of the patent portfolio, said Auty, who keeps an Overweight rating on Rovi shares.
WPPGY WPP
$105.97

1.28 (1.22%)

10/31/16
PIVT
10/31/16
UPGRADE
PIVT
Buy
WPP PLC upgraded to Buy from Hold at Pivotal Research
09/26/16
JEFF
09/26/16
DOWNGRADE
JEFF
Hold
WPP PLC downgraded to Hold from Buy at Jefferies
Jefferies analyst David Reynolds downgraded WPP PLC to Hold citing the 32% year-to-date rise in the shares. The analyst lowered his price target for the stock to 1820p from 1850p.

TODAY'S FREE FLY STORIES

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General news
FX Update: USD-JPY tumbled to around 111.50 »

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GNCA

Genocea

$5.33

0.04 (0.76%)

20:43
09/25/17
09/25
20:43
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20:43
Downgrade
Genocea rating change at Stifel »

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CQH

Cheniere Energy Partners LP

$24.66

0.27 (1.11%)

20:27
09/25/17
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20:27
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20:27
Initiation
Cheniere Energy Partners LP initiated at BMO Capital »

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DAL

Delta Air Lines

$48.32

-0.15 (-0.31%)

20:25
09/25/17
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Initiation
Delta Air Lines initiated at Macquarie »

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HA

Hawaiian Holdings

$37.45

-0.25 (-0.66%)

20:25
09/25/17
09/25
20:25
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Initiation
Hawaiian Holdings initiated at Macquarie »

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  • 28

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ALK

Alaska Air

$74.79

0.04 (0.05%)

20:25
09/25/17
09/25
20:25
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20:25
Initiation
Alaska Air initiated at Macquarie »

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LUV

Southwest

$55.12

0.19 (0.35%)

20:25
09/25/17
09/25
20:25
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20:25
Initiation
Southwest initiated at Macquarie »

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DRI

Darden

$83.14

0.26 (0.31%)

, FDS

FactSet

$170.81

2.2 (1.30%)

20:25
09/25/17
09/25
20:25
09/25/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

DRI

Darden

$83.14

0.26 (0.31%)

FDS

FactSet

$170.81

2.2 (1.30%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 26

    Sep

  • 26

    Sep

SAVE

Spirit Airlines

$34.15

0.44 (1.31%)

20:22
09/25/17
09/25
20:22
09/25/17
20:22
Initiation
Spirit Airlines initiated at Macquarie »

Spirit Airlines initiated…

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  • 27

    Sep

JBLU

JetBlue

$18.87

0.25 (1.34%)

20:22
09/25/17
09/25
20:22
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20:22
Initiation
JetBlue initiated at Macquarie »

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ALGT

Allegiant Travel

$133.95

3.85 (2.96%)

20:22
09/25/17
09/25
20:22
09/25/17
20:22
Initiation
Allegiant Travel initiated at Macquarie »

Allegiant Travel…

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  • 26

    Sep

AAL

American Airlines

$47.70

0.64 (1.36%)

20:22
09/25/17
09/25
20:22
09/25/17
20:22
Initiation
American Airlines initiated at Macquarie »

American Airlines…

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  • 02

    Oct

UAL

United Continental

$59.44

0.64 (1.09%)

20:21
09/25/17
09/25
20:21
09/25/17
20:21
Initiation
United Continental initiated at Macquarie »

United Continental…

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  • 02

    Oct

LUV

Southwest

$55.12

0.19 (0.35%)

20:10
09/25/17
09/25
20:10
09/25/17
20:10
Initiation
Southwest initiated at Macquarie »

Southwest initiated with…

03/08/13
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AMPH

Amphastar

$16.27

0.17 (1.06%)

, AVDL

Avadel Pharmaceuticals

$9.45

-0.16 (-1.66%)

18:59
09/25/17
09/25
18:59
09/25/17
18:59
Hot Stocks
Amphastar announces FDA approval of Neostigmine Methylsulfate Injection, USP »

Amphastar (AMPH)…

AMPH

Amphastar

$16.27

0.17 (1.06%)

AVDL

Avadel Pharmaceuticals

$9.45

-0.16 (-1.66%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 25

    Sep

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    Sep

  • 04

    Oct

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    Oct

ACN

Accenture

$138.16

0.26 (0.19%)

18:58
09/25/17
09/25
18:58
09/25/17
18:58
Hot Stocks
Accenture chief marketing & communications officer Taylor to retire Aug 31, 2018 »

Accenture announced that…

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  • 28

    Sep

  • 02

    Oct

  • 22

    Oct

SPR

Spirit AeroSystems

$78.07

-0.38 (-0.48%)

, BA

Boeing

$254.32

-2.13 (-0.83%)

18:31
09/25/17
09/25
18:31
09/25/17
18:31
Hot Stocks
Spirit AeroSystems finalizes agreement with Boeing »

Spirit AeroSystems (SPR)…

SPR

Spirit AeroSystems

$78.07

-0.38 (-0.48%)

BA

Boeing

$254.32

-2.13 (-0.83%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 25

    Sep

  • 27

    Sep

MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

, UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

18:17
09/25/17
09/25
18:17
09/25/17
18:17
Hot Stocks
Senator Collins opposes Graham-Cassidy ACA repeal bill »

U.S. Senator Susan…

MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

CNC

Centene

$90.33

-1.89 (-2.05%)

WCG

WellCare

$164.15

-3.01 (-1.80%)

CI

Cigna

$181.44

-1.3 (-0.71%)

ANTM

Anthem

$181.50

-1.36 (-0.74%)

HNT

Health Net

HUM

Humana

$237.21

-1.88 (-0.79%)

AET

Aetna

$151.98

-1.59 (-1.04%)

03/08/13
Wedge Partners
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  • 26

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  • 24

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  • 08

    Nov

18:15
09/25/17
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18:15
09/25/17
18:15
General news
Breaking General news story  »

Minneapolis Federal…

CATM

Cardtronics

$26.10

-3.17 (-10.83%)

18:13
09/25/17
09/25
18:13
09/25/17
18:13
Downgrade
Cardtronics rating change at William Blair »

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IVTY

Invuity

$7.80

-0.5 (-6.02%)

18:10
09/25/17
09/25
18:10
09/25/17
18:10
Recommendations
Invuity analyst commentary at Piper Jaffray »

Invuity's…

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  • 25

    Sep

  • 16

    Nov

MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

, UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

18:05
09/25/17
09/25
18:05
09/25/17
18:05
Hot Stocks
CBO: Graham-Cassidy ACA repeal bill to reduce number of insured by 'millions' »

The Congressional Budget…

MOH

Molina Healthcare

$64.54

-0.78 (-1.19%)

UNH

UnitedHealth

$191.75

-1.28 (-0.66%)

CNC

Centene

$90.33

-1.89 (-2.05%)

WCG

WellCare

$164.15

-3.01 (-1.80%)

CI

Cigna

$181.44

-1.3 (-0.71%)

ANTM

Anthem

$181.50

-1.36 (-0.74%)

HNT

Health Net

HUM

Humana

$237.21

-1.88 (-0.79%)

AET

Aetna

$151.98

-1.59 (-1.04%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 26

    Sep

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    Sep

  • 27

    Sep

  • 24

    Oct

  • 08

    Nov

GPC

Genuine Parts

$93.22

5.24 (5.96%)

18:04
09/25/17
09/25
18:04
09/25/17
18:04
Recommendations
Genuine Parts analyst commentary at RBC Capital »

Genuine Parts acquisition…

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AA

Alcoa

$45.29

-0.09 (-0.20%)

, FCX

Freeport McMoRan

$13.89

-0.17 (-1.21%)

17:55
09/25/17
09/25
17:55
09/25/17
17:55
Recommendations
Alcoa, Freeport McMoRan, Teck Resources, Newmont Mining, Warrior Met Coal, Cleveland-Cliffs analyst commentary at Morgan Stanley »

Morgan Stanley raising…

AA

Alcoa

$45.29

-0.09 (-0.20%)

FCX

Freeport McMoRan

$13.89

-0.17 (-1.21%)

TECK

Teck Resources

$21.24

-0.72 (-3.28%)

NEM

Newmont Mining

$38.63

0.74 (1.95%)

HCC

Warrior Met Coal

$24.11

0.76 (3.25%)

CLF

Cleveland-Cliffs

03/08/13
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17:55
09/25/17
09/25
17:55
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17:55
Conference/Events
Federal Reserve Bank of Minneapolis President participates in a discussion »

Minneapolis Federal…

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