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TCEHY

Tencent

$25.11

-0.115 (-0.46%)

, AMZN

Amazon.com

$780.00

19.84 (2.61%)

12:25
11/22/16
11/22
12:25
11/22/16
12:25

Riot Games to sell live-stream rights to MLB Advanced Media, LA Times says

Tencent's (TCEHY) Riot Games is finalizing an agreement to sell rights to its e-sports matches to Major League Baseball Advanced Media for nearly $200M over two years, reports the LA Times, citing sources. The deal would see Riot Games' live streams shift from Amazon's (AMZN) Twitch and similar services to an app developed by MLB's BAMTech, the report says. Disney (DIS) purchased a stake in BAMTech in August. Reference Link

TCEHY

Tencent

$25.11

-0.115 (-0.46%)

AMZN

Amazon.com

$780.00

19.84 (2.61%)

DIS

Disney

$97.82

0.19 (0.19%)

  • 22

    Nov

  • 05

    Dec

TCEHY Tencent
$25.11

-0.115 (-0.46%)

02/23/16
JPMS
02/23/16
INITIATION
JPMS
Overweight
Tencent assumed with an Overweight at JPMorgan
JPMorgan analyst Vivian Hao assumed coverage of Tencent with an Overweight rating and HK$179 price target.
06/13/16
SBSH
06/13/16
DOWNGRADE
Target $180
SBSH
Neutral
Baidu downgraded to Neutral from Buy at Citi
Citi analyst Alicia Yap downgraded Baidu (BIDU) to Neutral citing concerns about near-term revenue. Baidu may not meet its Q2 revenue guidance and could guide Q3 below expectations, Yap tells investors in a research note. She lowered her price target for the shares to $180 from $238. The analyst's top pick in the China Internet space is Tencent (TCEHY), followed by JD.com (JD) and Alibaba (BABA). Yap raised her price target for the latter to $98 from $95.60.
08/31/16
JPMS
08/31/16
INITIATION
JPMS
Overweight
Tencent assumed with an Overweight at JPMorgan
JPMorgan analyst Alex Yao assumed coverage of Tencent with an Overweight rating and HK$260 price target.
10/25/16
GSCO
10/25/16
NO CHANGE
GSCO
Conviction Buy
Alibaba price target raised to $130 from $120 at Goldman
Goldman Sachs analyst Piyush Mubayi continues to think the outlook for organic growth rates in Alibaba's (BABA) China retail business remains robust and that the margin outlook for its core businesses is also intact. The analyst raised his price target on Alibaba shares to $130 from $120 and reiterates a Conviction List Buy rating on the stock, which remains his top pick in its sector. In the Chinese Internet space, the analyst also has Buy ratings on Tencent (TCEHY), Baidu (BIDU), JD.com (JD), Ctrip.com (CTRP), NetEase (NTES) and Vipshop (VIPS).
AMZN Amazon.com
$780.00

19.84 (2.61%)

11/17/16
PIPR
11/17/16
NO CHANGE
PIPR
Piper sees Trump-related Internet selloff as 'rare opportunity'
Piper Jaffray analyst Gene Munster says he would be "buying the fear" priced into Internet mega-caps. Concerns of President-Elect Trump's impact on tech companies are being largely extrapolated from sound bites that are unlikely to manifest during Trump's presidency, Munster tells investors in a research note. The selloff in "best-in-class" large cap internet stocks Apple (AAPL), Amazon.com (AMZN), Alphabet (GOOG), Facebook (FB) and Netflix (NFLX) presents a "rare opportunity," Munster writes. He believes Trump's threats towards Amazon are without merit and that net neutrality is unlikely to be reversed. He finds the valuations for each of the mega-caps "very attractive."
11/18/16
OPCO
11/18/16
NO CHANGE
OPCO
Public cloud infrastructure market will be $62B by 2020, says Oppenheimer
Oppenheimer analyst Timothy Horan says "the race is on" for public cloud providers to get as much of their customers' data on their respective cloud platforms as possible. The analyst believes Amazon (AMZN) Web Services, Microsoft (MSFT), and Alphabet's Google (GOOG; GOOGL) have ambitions to become the dominant OS of the cloud, and to do so these companies will aim to have integrated solutions from the infrastructure layer to services through first-party offerings and/or the development of a strong partner channel. He views AWS as the primary wholesale cloud platform and Microsoft as the enterprise platform. However, given the relative immaturity of the market and the massive $1T opportunity, all three have been successful focusing on multiple segments, Horan adds, noting that he expects the public cloud infrastructure market to be $62B by 2020.
11/21/16
SBSH
11/21/16
NO CHANGE
Target $16
SBSH
Buy
Citi fields Pandora questions after Amazon on-demand launch
Citi analyst Mark Kelley says he's received a lot of questions from investors over the last few days on the impact from potentially lower prices for Pandora's (P) on-demand offering after Amazon (AMZN) launched a competing service. Amazon's on-demand offering costs $7.99 per month for Prime users, or $3.99 if you only want to listen on your echo device. Non-Prime users must pay $9.99 per month. The launch by Amazon has caused some speculation in the press that Apple (AAPL) is going to lower its prices, Kelley tells investors in a research note. The analyst does not expect Pandora to lower the price of on-demand to $7.99 per month. Kelley still believes on-demand music is the way the industry moves forward and he remains bullish on Pandora's long-term opportunity. The analyst has a Buy rating on the shares with a $16 price target.
11/21/16
BARD
11/21/16
NO CHANGE
BARD
Outperform
Baird expects Amazon.com distribution announcement with Patterson
Following industry conversions, Baird analyst Jeff Johnson expects Patterson Companies (PDCO) to announce an Amazon.com (AMZN) distribution agreement tomorrow. What the analyst hadnt considered and is now hearing is that Amazon could fulfill orders placed through Patterson's order portal, lowering Patterson's fulfillment costs and given the company breathing room as it pursues DSO deals. Johnson rates Patterson a Neutral with a $48 price target.
DIS Disney
$97.82

0.19 (0.19%)

11/17/16
SBSH
11/17/16
NO CHANGE
Target $117
SBSH
Buy
Citi views Disney's moves as blunting the bear thesis
Citi analyst Jason Bazinet believes Disney in 2016 made three "bold' announcements that are yet to be fully developed by the Street. First, the company in Q2 acquired a 33% stake in BAMTech. Second, it suggested it would use Hulu to launch a sports-centric linear TV service in early 2017. And third, management suggested they would launch a niche sports service for out-of-market games. These strategic pivots blunt the bear case which is centered on cord cutters, Bazinet tells investors in a research note. Disney bears are focused on the 2% of U.S. households that terminate their pay TV subscription each year, the analyst writes. He estimates that absent steps by Disney, cord cutting creates a financial headwind of about $300M a year. With Disney's three announcements, however, the $300M headwind could shrink each year and actually turn into a $100M EBIT tailwind by 2020, the analyst contends. Bazinet keeps a Buy rating on Disney with a $117 price target.
11/16/16
11/16/16
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. Disney (DIS) upgraded to Buy from Hold at Deutsche Bank with analyst Bryan Kraft citing increased confidence in the company's outlook for 2017. 2. Fitbit upgraded to Sector Weight from Underweight at Pacific Crest with analyst Brad Erickson citing valuation. 3. Copa Holdings (CPA) upgraded to Buy from Neutral at Goldman with analyst Marcio Prado saying Copa is well positioned for an expected recovery cycle given more rationalized sector capacity and improved yields, and structural advantages. 4. Fossil upgraded to Overweight from Underweight at Pacific Crest with analyst Edward Yruma saying he expects the company to benefit from continuing "strong momentum in wearables." 5. Juniper (JNPR) upgraded to Conviction Buy from Buy at Goldman with analyst Simona Jankowski saying she expects new switching products to drive top and bottom-line growth in 2017 and views valuation as attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/16/16
DBAB
11/16/16
UPGRADE
Target $112
DBAB
Buy
Disney upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Bryan Kraft upgraded The Walt Disney Company to Buy citing increased confidence in the company's outlook for 2017. ESPN subscriber declines have improved and should improve further with the proliferation of streaming pay TV bundles in 2017, Kraft tells investors in a research note. He believes declines in the Consumer Products business will trough in the December quarter and feels the tough film comps for 2017 are well understood. Kraft has a $112 price target for Disney shares. The stock closed yesterday down 24c to $97.70.
11/15/16
ROTH
11/15/16
NO CHANGE
Target $38
ROTH
Buy
Roth Capital likes IMAX partnership with Disney-ABC, Marvel Television
Following IMAX's (IMAX) announcement of its partnership with Disney's (DIS) ABC and Marvel Television to have the new TV series "The InHumans" first two episodes debut exclusively on the company's network, Roth Capital analyst Darren Aftahi says he likes this transaction. The analyst believes it diversifies IMAX away from its reliance on tent pole content, raises brand awareness, and gives it a financial participation in the ongoing success of TV series. He reiterates a Buy rating and $38 price target on IMAX's shares.

TODAY'S FREE FLY STORIES

LEJU

Leju

$2.46

0.07 (2.93%)

20:05
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20:05
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GCP

GCP Applied Technologies

$30.40

0.3 (1.00%)

20:04
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PHM

PulteGroup

$24.04

-0.24 (-0.99%)

19:58
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DHI

D.R. Horton

$33.47

-0.5 (-1.47%)

19:58
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CAA

CalAtlantic

$34.80

-0.34 (-0.97%)

19:57
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BZH

Beazer Homes

$13.01

0.03 (0.23%)

19:57
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MTH

Meritage Homes

$40.40

-0.4 (-0.98%)

19:57
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TOL

Toll Brothers

19:57
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19:57
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LEN

Lennar

$52.41

-0.84 (-1.58%)

19:57
06/22/17
06/22
19:57
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KBH

KB Home

$22.23

-0.1 (-0.45%)

19:57
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19:57
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  • 27

    Jun

MHK

Mohawk

$242.70

-0.22 (-0.09%)

19:27
06/22/17
06/22
19:27
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19:27
Initiation
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FBHS

Fortune Brands

$65.09

0.06 (0.09%)

19:27
06/22/17
06/22
19:27
06/22/17
19:27
Initiation
Fortune Brands initiated  »

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JELD

JELD-WEN Holding

$34.60

-0.29 (-0.83%)

19:26
06/22/17
06/22
19:26
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19:26
Initiation
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IBP

Installed Building Products

$52.75

-1 (-1.86%)

19:26
06/22/17
06/22
19:26
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19:26
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Installed Building Products initiated  »

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OC

Owens Corning

$66.42

-0.85 (-1.26%)

19:26
06/22/17
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WHR

Whirlpool

$195.16

1.35 (0.70%)

19:26
06/22/17
06/22
19:26
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19:26
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MAS

Masco

$38.82

0.06 (0.15%)

19:26
06/22/17
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LEG

Leggett & Platt

$52.66

-0.16 (-0.30%)

19:26
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USG

USG

$29.29

0.35 (1.21%)

19:26
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CSTE

Caesarstone

$35.20

1.05 (3.07%)

19:26
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GOOG

Alphabet

$957.09

-2.36 (-0.25%)

, GOOGL

Alphabet Class A

$976.62

-1.97 (-0.20%)

19:18
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YouTube says reaches 1.5B monthly users »

In a blog post Thursday,…

GOOG

Alphabet

$957.09

-2.36 (-0.25%)

GOOGL

Alphabet Class A

$976.62

-1.97 (-0.20%)

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AHH

Armada Hoffler

$13.70

-0.07 (-0.51%)

19:08
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  • 01

    Aug

SBUX

Starbucks

$59.51

-0.45 (-0.75%)

18:59
06/22/17
06/22
18:59
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18:59
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  • 23

    Aug

GPMT

Granite Point Mortgage

18:16
06/22/17
06/22
18:16
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18:16
Syndicate
Granite Point Mortgage 10M share IPO priced at $19.50 »

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  • 23

    Jun

TWO

Two Harbors

$10.39

0.02 (0.19%)

, GPMT

Granite Point Mortgage

18:15
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06/22
18:15
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18:15
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Two Harbors to contribute commercial real estate assets to Granite Point »

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TWO

Two Harbors

$10.39

0.02 (0.19%)

GPMT

Granite Point Mortgage

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  • 23

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