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TIME

Time Inc.

$16.48

2.875 (21.14%)

14:09
11/28/16
11/28
14:09
11/28/16
14:09

Time Inc. board could be estimating value at $23 per share, says Wells Fargo

Wells Fargo analyst Eric Katz said that if Time Inc.'s board "truly believes" that $300M in free cash flow is achievable in the next 3-5 years, than he "can understand" why they rejected the reported offer of $18 per share from Edgar Bronfman Jr. and Leonard Blavatnik, as that FCF equates to $23 in equity value per share with an OIBDA multiple of 6x, which he said "doesn't sound like a particularly aggressive multiple for a publisher." Katz wouldn't rule out other PE bidders and "wouldn't be shocked" if other industry players got involved, though he keeps a Market Perform rating on Time Inc. shares, noting that finding buyers for brands, or being willing to shut down brands, "may be easier said than done" by any potential buyer.

  • 29

    Nov

  • 05

    Dec

TIME Time Inc.
$16.48

2.875 (21.14%)

05/17/16
05/17/16
INITIATION

Time Inc. to host investor open house
Investor open house to be held in New York on May 17 at 9 am. Webcast Link
05/19/16
MACQ
05/19/16
UPGRADE
MACQ
Outperform
Time Inc. upgraded to Outperform from Neutral at Macquarie
05/19/16
05/19/16
UPGRADE

Outperform
Time Inc. upgraded to Outperform at Macquarie
As previously reported, Macquarie upgraded Time Inc to Outperform from Neutral. The firm's analyst believes Time will see a dramatic turnaround in earnings and cash flow beginning in the second half of this year following heavy cost cutting and investments in content.
05/19/16
05/19/16
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. Wells Fargo analyst Craig Bijou upgraded Mazor Robotics (MZOR) to Outperform, saying the stock has more appreciation potential after yesterday's rally on its commercial agreement with Medtronic (MDT). The partnership "provides a strong endorsement" of Mazor's next-generation technology, Bijou told investors. 2. Macquarie upgraded Time Inc. (TIME) to Outperform from Neutral, as the firm's analyst believes Time will see a dramatic turnaround in earnings and cash flow beginning in the second half of this year following heavy cost cutting and investments in content. 3. RBC Capital analyst Robert Stallard upgraded L-3 Communications (LLL) to Outperform and increased his price target to $150 from $137. Following management meetings, the analyst has increased confidence L-3 is on track to achieve its long-term operating margin goals and improved execution. 4. Halliburton (HAL) upgraded to Buy from Neutral at Griffen Securities. 5. Credit Suisse (CS) upgraded to Buy from Neutral at UBS. 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

02:00
02/21/17
02/21
02:00
02/21/17
02:00
General news
Fed's Harker leaves March hike on the table. »

Fed's Harker leaves…

KHC

Kraft Heinz

$96.65

9.37 (10.74%)

, UN

Unilever; also tag UL

$48.79

6.47 (15.29%)

21:49
02/20/17
02/20
21:49
02/20/17
21:49
Hot Stocks
On The Fly: Top five weekend stock stories »

Catch up on the…

KHC

Kraft Heinz

$96.65

9.37 (10.74%)

UN

Unilever; also tag UL

$48.79

6.47 (15.29%)

UL

Unilever; also tag UN

$48.53

5.96 (14.00%)

BRK.A

Berkshire Hathaway

$252,838.00

1338 (0.53%)

BRK.B

Berkshire Hathaway

$168.57

0.83 (0.49%)

MDLZ

Mondelez

$42.50

-0.7 (-1.62%)

GIS

General Mills

$59.23

-2.31 (-3.75%)

QSR

Restaurant Brands

$53.90

0.05 (0.09%)

PLKI

Popeyes

$66.12

-0.26 (-0.39%)

LMOS

Lumos Networks

$15.23

0.09 (0.59%)

CYH

Community Health

$6.90

-0.22 (-3.09%)

NDSN

Nordson

$119.95

0.77 (0.65%)

TWX

Time Warner

$96.48

0.09 (0.09%)

CMCSA

Comcast

$75.32

-0.67 (-0.88%)

CMCSK

Comcast

GM

General Motors

$37.22

0.19 (0.51%)

ADNT

Adient

$64.01

-0.69 (-1.07%)

HD

Home Depot

$143.00

1.46 (1.03%)

TOSBF

Toshiba, also use TOSYY

$1.61

-0.182 (-10.17%)

TOSYY

Toshiba, also use TOSBF

$9.55

-1.085 (-10.21%)

ANTM

Anthem

$160.25

-3.52 (-2.15%)

SYF

Synchrony

$36.68

-0.17 (-0.46%)

HES

Hess Corp.

$51.75

0.45 (0.88%)

DIN

DineEquity

$60.14

-6.41 (-9.63%)

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    Feb

  • 01

    Mar

  • 06

    Mar

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    Mar

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    Mar

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    Mar

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    Mar

AAPL

Apple

$135.72

0.375 (0.28%)

, AMZN

Amazon.com

$845.07

0.93 (0.11%)

21:01
02/20/17
02/20
21:01
02/20/17
21:01
Periodicals
Apple 'has no apparent interest' in copying Amazon Echo, Time says »

Apple (AAPL) "has no…

AAPL

Apple

$135.72

0.375 (0.28%)

AMZN

Amazon.com

$845.07

0.93 (0.11%)

GOOG

Alphabet

$828.07

3.91 (0.47%)

GOOGL

Alphabet Class A

$846.55

4.38 (0.52%)

03/08/13
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03/06/13
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  • 21

    Feb

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    Feb

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  • 28

    Mar

SNAP

Snap Inc

20:58
02/20/17
02/20
20:58
02/20/17
20:58
Hot Stocks
Snap Inc launches online sales of 'Spectacles' »

Snap Inc has introduced…

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  • 02

    Mar

AMZN

Amazon.com

$845.07

0.93 (0.11%)

20:54
02/20/17
02/20
20:54
02/20/17
20:54
Hot Stocks
Amazon reduces free shipping threshold to $35 »

Amazon has lowered its…

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  • 28

    Feb

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    Mar

FB

Facebook

$133.53

-0.31 (-0.23%)

20:49
02/20/17
02/20
20:49
02/20/17
20:49
Hot Stocks
Facebook subsidiary WhatsApp launches 'Status' »

Facebook messaging…

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  • 28

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    Mar

MSFT

Microsoft

$64.62

0.1 (0.15%)

, AMZN

Amazon.com

$845.07

0.93 (0.11%)

20:46
02/20/17
02/20
20:46
02/20/17
20:46
Hot Stocks
Microsoft, Flipkart announce strategic partnership, cloud computing deal »

Microsoft (MSFT) and…

MSFT

Microsoft

$64.62

0.1 (0.15%)

AMZN

Amazon.com

$845.07

0.93 (0.11%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Feb

  • 01

    Mar

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    Mar

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    Mar

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    Mar

  • 09

    May

KHC

Kraft Heinz

$96.65

9.37 (10.74%)

, UN

Unilever; also tag UL

$48.79

6.47 (15.29%)

20:43
02/20/17
02/20
20:43
02/20/17
20:43
Periodicals
3G Capital hunting for 'major takeover,' has up to $15B to deploy, FT says »

3G Capital has as much as…

KHC

Kraft Heinz

$96.65

9.37 (10.74%)

UN

Unilever; also tag UL

$48.79

6.47 (15.29%)

UL

Unilever; also tag UN

$48.53

5.96 (14.00%)

MDLZ

Mondelez

$42.50

-0.7 (-1.62%)

K

Kellogg

$72.90

-1.81 (-2.42%)

GIS

General Mills

$59.23

-2.31 (-3.75%)

CPB

Campbell Soup

$58.48

-4.07 (-6.51%)

CL

Colgate-Palmolive

$71.98

2.98 (4.32%)

KMB

Kimberly-Clark

$131.93

5.31 (4.19%)

CLX

Clorox

$133.71

3.61 (2.77%)

03/08/13
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03/06/13
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  • 20

    Feb

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DEPO

Depomed

$16.47

-0.38 (-2.26%)

20:39
02/20/17
02/20
20:39
02/20/17
20:39
Downgrade
Depomed rating change  »

Depomed downgraded to…

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  • 21

    Feb

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PTEN

Patterson-UTI

$27.43

-0.33 (-1.19%)

20:39
02/20/17
02/20
20:39
02/20/17
20:39
Upgrade
Patterson-UTI rating change  »

Patterson-UTI upgraded to…

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03/08/13
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SABR

Sabre

20:39
02/20/17
02/20
20:39
02/20/17
20:39
Downgrade
Sabre rating change  »

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03/08/13
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03/06/13
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  • 27

    Feb

EQM

EQT Midstream Partners

$81.91

-0.28 (-0.34%)

20:39
02/20/17
02/20
20:39
02/20/17
20:39
Upgrade
EQT Midstream Partners rating change  »

EQT Midstream Partners…

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VZ

Verizon

$49.19

0.73 (1.51%)

20:34
02/20/17
02/20
20:34
02/20/17
20:34
Hot Stocks
Verizon introduces 2GB prepaid wireless plan »

Verizon announced it is…

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  • 06

    Mar

GOOG

Alphabet

$828.07

3.91 (0.47%)

, GOOGL

Alphabet Class A

$846.55

4.38 (0.52%)

20:32
02/20/17
02/20
20:32
02/20/17
20:32
Periodicals
YouTube to end unskippable 30-second ads in 2018, The Verge says »

Alphabet's YouTube…

GOOG

Alphabet

$828.07

3.91 (0.47%)

GOOGL

Alphabet Class A

$846.55

4.38 (0.52%)

03/08/13
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  • 21

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TOSBF

Toshiba, also use TOSYY

$1.61

-0.182 (-10.17%)

, TOSYY

Toshiba, also use TOSBF

$9.55

-1.085 (-10.21%)

20:29
02/20/17
02/20
20:29
02/20/17
20:29
Periodicals
Toshiba wants to raise at least $8.8B from chip unit stake, Reuters says »

Toshiba wants to raise…

TOSBF

Toshiba, also use TOSYY

$1.61

-0.182 (-10.17%)

TOSYY

Toshiba, also use TOSBF

$9.55

-1.085 (-10.21%)

03/08/13
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EFOI

Energy Focus

$4.50

-0.21 (-4.46%)

20:25
02/20/17
02/20
20:25
02/20/17
20:25
Hot Stocks
Energy Focus says CEO Tu steps down, Tewksbury appointed as chairman, CEO »

Energy Focus announced…

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  • 23

    Feb

WMT

Wal-Mart

$69.37

0.5 (0.73%)

, M

Macy's

$32.30

0.48 (1.51%)

20:25
02/20/17
02/20
20:25
02/20/17
20:25
Earnings
Notable companies reporting before Tuesday's open »

Notable companies…

WMT

Wal-Mart

$69.37

0.5 (0.73%)

M

Macy's

$32.30

0.48 (1.51%)

HD

Home Depot

$143.00

1.46 (1.03%)

SNI

Scripps Networks

$76.04

-1.06 (-1.37%)

MDT

Medtronic

$78.88

0.89 (1.14%)

LL

Lumber Liquidators

$15.36

-0.3 (-1.92%)

GPC

Genuine Parts

$100.67

1.44 (1.45%)

ECL

Ecolab

$123.95

0.67 (0.54%)

CBRL

Cracker Barrel

$168.69

1.14 (0.68%)

AAP

Advance Auto Parts

$161.58

0.59 (0.37%)

03/08/13
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03/06/13
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  • 21

    Feb

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    Feb

  • 21

    Feb

  • 21

    Feb

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IOC

InterOil

$48.39

0.07 (0.14%)

, XOM

Exxon Mobil

$81.76

-0.54 (-0.66%)

20:22
02/20/17
02/20
20:22
02/20/17
20:22
Hot Stocks
InterOil says Yukon approves Exxon Mobil transaction, sees completion this week »

InterOil (IOC) announced…

IOC

InterOil

$48.39

0.07 (0.14%)

XOM

Exxon Mobil

$81.76

-0.54 (-0.66%)

03/08/13
Wedge Partners
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03/06/13
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TWX

Time Warner

$96.48

0.09 (0.09%)

, CMCSA

Comcast

$75.32

-0.67 (-0.88%)

20:19
02/20/17
02/20
20:19
02/20/17
20:19
Hot Stocks
Box Office Battle: 'Lego Batman' fends off China co-production 'Great Wall' »

Against analyst estimates…

TWX

Time Warner

$96.48

0.09 (0.09%)

CMCSA

Comcast

$75.32

-0.67 (-0.88%)

CMCSK

Comcast

LGF.A

Lionsgate

$27.52

-0.18 (-0.65%)

LGF.B

Lionsgate

$25.81

-0.28 (-1.07%)

FOX

21st Century Fox

$29.92

-0.16 (-0.53%)

FOXA

21st Century Fox

$30.35

-0.16 (-0.52%)

DIS

Disney

$110.06

-0.65 (-0.59%)

SNE

Sony

$31.34

0.04 (0.13%)

VIA

Viacom

$47.00

-0.2 (-0.42%)

VIAB

Viacom

$43.99

-0.17 (-0.38%)

03/08/13
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  • 27

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HLX

Helix Energy

$7.41

-0.32 (-4.14%)

19:24
02/20/17
02/20
19:24
02/20/17
19:24
Earnings
Helix Energy reports Q4 EPS with items (46c), may not compare to consensus (6c) »

Reports Q4 revenue…

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  • 21

    Feb

CSII

Cardiovascular Systems

$29.19

0.76 (2.67%)

19:21
02/20/17
02/20
19:21
02/20/17
19:21
Hot Stocks
Cardiovascular Systems reports one-year data from COAST study »

Cardiovascular Systems…

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CRMT

America's Car-Mart

$38.85

-1.15 (-2.88%)

19:17
02/20/17
02/20
19:17
02/20/17
19:17
Earnings
America's Car-Mart reports Q3 EPS 35c, may not compare to consensus 64c »

Reports Q3 revenue $139M,…

03/08/13
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  • 21

    Feb

ROG

Rogers Corporation

$78.80

-1.34 (-1.67%)

19:12
02/20/17
02/20
19:12
02/20/17
19:12
Earnings
Rogers Corporation sees Q1 adjusted EPS $1.09-$1.19, consensus 99c »

Sees Q1 revenue…

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  • 21

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  • 01

    Mar

ROG

Rogers Corporation

$78.80

-1.34 (-1.67%)

19:11
02/20/17
02/20
19:11
02/20/17
19:11
Earnings
Rogers Corporation reports Q4 EPS 94c, consensus 82c »

Reports Q4 revenue $173M,…

03/08/13
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  • 21

    Feb

  • 01

    Mar

HBHC

Hancock Holding

$46.80

-0.2 (-0.43%)

, FNBC

First NBC Bank

$4.75

-0.25 (-5.00%)

19:04
02/20/17
02/20
19:04
02/20/17
19:04
Hot Stocks
Hancock Holding says gets approval to close First NBC Bank transaction »

Hancock Holding (HBHC)…

HBHC

Hancock Holding

$46.80

-0.2 (-0.43%)

FNBC

First NBC Bank

$4.75

-0.25 (-5.00%)

03/08/13
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