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SFTBF

SoftBank

$74.82

0.16 (0.21%)

, GOOG

Alphabet

$852.12

3.34 (0.39%)

11:42
03/20/17
03/20
11:42
03/20/17
11:42

SoftBank abandons planned $100M investment in smartphone startup, WSJ says

SoftBank (SFTBF) has dropped a planned $100M investment in a smartphone startup Essential Products, which was founded by Android (GOOG) creator Andy Rubin, partly due to the Japanese company's increasingly close relationship with Apple (AAPL), the Wall Street Journal reports, citing people familiar with the matter. The investment would have valued the startup at $1B, the report notes. The move reflects the unpredictable investing style of SoftBank CEO Masayoshi Son, who is set to enhance his position in the tech world with his $100B tech-focused Vision Fund, which is expected to close as soon as this month, the report says, citing a person familiar with the matter. Reference Link

SFTBF

SoftBank

$74.82

0.16 (0.21%)

GOOG

Alphabet

$852.12

3.34 (0.39%)

GOOGL

Alphabet Class A

$872.37

2.37 (0.27%)

AAPL

Apple

$139.99

-0.7 (-0.50%)

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    Mar

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    Mar

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    May

SFTBF SoftBank
$74.82

0.16 (0.21%)

08/23/16
JPMS
08/23/16
UPGRADE
JPMS
Overweight
SoftBank upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jun Tanabe upgraded SoftBank (SFTBF) to Overweight from Neutral and raised his price target on the stock to Y9,930 from Y6,500, citing improved earnings at Sprint (S), the growth in value of its stake in Alibaba (BABA), and the stability of cash flow in its domestic mobile business.
08/23/16
08/23/16
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. Square (SQ) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying he now feels more confident in the company's growth and profitability outlook and its competitive position following three quarters of consistent execution. 2. BHP Billiton (BHP) upgraded to Buy from Hold at Jefferies with analyst Christopher LaFemina saying he believes fundamentals have "clearly improved," citing supply that has declined in most cases and demand that has stabilized. 3. SoftBank (SFTBF) upgraded to Overweight from Neutral at JPMorgan with analyst Jun Tanabe citing improved earnings at Sprint (S), the growth in value of its stake in Alibaba (BABA), and the stability of cash flow in its domestic mobile business. 4. Allscripts (MDRX) upgraded to Outperform from Market Perform at Leerink with analyst David Larsen saying he believes that the company's core fundamentals are improving "significantly." 5. Westlake Chemical (WLK) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan saying that the company's merger with Axiall (AXLL) "creates a new way to play chlor-alkali," as well as synergies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/07/16
OPCO
12/07/16
NO CHANGE
Target $70
OPCO
Outperform
T-Mobile price target raised to $70 from $55 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for T-Mobile (TMUS) to $70 from $55 as he views it as the best way to play the deregulatory/technology driven consolidation. The analyst notes that President-Elect Trump met with Masayoshi Son of SoftBank (SFTBF), who agreed to invest $50B in the U.S. Horan believes the meeting will likely be a precursor to a Sprint (S)/T-Mobile/Dish (DISH) merger to create a discounted quad-play service company. The analyst reiterates an Outperform rating on T-Mobile' shares, and points out that the company has improved its network and taken share from AT&T (T)/Verizon (VZ).
GOOG Alphabet
$852.12

3.34 (0.39%)

03/20/17
PIVT
03/20/17
DOWNGRADE
Target $950
PIVT
Hold
Pivotal downgrades Alphabet to Neutral on brand safety concerns
Pivotal Research analyst Brian Wieser downgraded Alphabet (GOOGL) to Hold from Buy citing brand safety concerns and valuation following the recent rally in the shares. News last week that Havas, the sixth largest global media network, is pulling its spending from Google's YouTube and Google Display Network in the U.K. because Google was "unable to provide specific reassurances, policy and guarantees that their video or display content is classified either quickly enough or with the correct filters" is a big deal, Wieser tells investors in a research note. Many of the U.K.'s largest brands working with agencies are reportedly suspending their advertising on YouTube and/or other Google ad products due to similar concerns, Wieser points out. He sees the U.K. issues impacting Google's global growth and cut his price target for Alphabet shares to $950 from $970. The stock in premarket trading is down $2.58 to $869.79.
03/20/17
03/20/17
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. Pivotal Research analyst Brian Wieser downgraded Alphabet (GOOGL) to Hold from Buy citing brand safety concerns and valuation following the recent rally in the shares. News last week that Havas, the sixth largest global media network, is pulling its spending from Google's YouTube and Google Display Network in the U.K. because Google was "unable to provide specific reassurances, policy and guarantees that their video or display content is classified either quickly enough or with the correct filters" is a big deal, Wieser tells investors. 2. Canaccord analyst Lynne Collier downgraded Sonic (SONC) to Hold from Buy, citing challenging industry sales, the potential for Street estimates to be too high in the midst of soft sales, a lack of upcoming catalysts, and increasing competition from non-traditional venues such as convenience stores. 3. Piper Jaffray analyst Alexander Potter downgraded Mobileye (MBLY) to Neutral saying that while demanding a higher buyout price may be justified, he "begrudgingly" concluded that the price Intel (INTC) is paying for the company is fair. The analyst raised his price target for Mobileye shares to $63.54 from $60 to reflect Intel's offer. 4. Susquehanna analyst Sam Poser downgraded Caleres (CAL) citing the company's "disappointing" results and his belief that the company will not be able to overcome industry headwinds. 5. Goldman Sachs analyst Conor Fitzgerald downgraded Stifel Financial (SF) to Neutral from Buy while raising his price target for the shares to $59 from $58. The analyst believes LPL Financial (LPLA), a stock he upgraded this morning to Conviction Buy, offers more upside at current valuations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/17/17
PACS
03/17/17
NO CHANGE
PACS
Growth of Amazon.com cloud business could moderate, says Pacific Crest
Pacific Crest analyst Brent Bracelin says that heavy investments by Microsoft (MSFT) and Google (GOOG, GOOGL) could make their cloud businesses more competitive with Amazon's (AMZN) AWS. The analyst says that AWS' growth could decelerate this year and in 2018. He lowered his estimates for Amazon and cut his price target on the name to $895 from $905 but keeps an Overweight rating on the shares.
03/14/17
DADA
03/14/17
NO CHANGE
Target $51
DADA
Neutral
Tableau price target lowered to $51 from $55 at DA Davidson
DA Davidson analyst Jack Andrews said several data points in recent weeks lead him to believe that the total addressable market opportunity for Tableau (DATA) is being contested and/or eroded by more "heavyweight" enterprise software companies, including Google (GOOG), Microsoft (MSFT) and Workday (WDAY). Citing the continued rise of competition, Andrews reiterates a Neutral rating on Tableau and lowered his price target to $51 from $55.
GOOGL Alphabet Class A
$872.37

2.37 (0.27%)

03/20/17
PIVT
03/20/17
DOWNGRADE
PIVT
Hold
Alphabet downgraded to Hold from Buy at Pivotal Research
AAPL Apple
$139.99

-0.7 (-0.50%)

03/20/17
PIPR
03/20/17
NO CHANGE
Target $155
PIPR
Overweight
Piper analysis yields $163 current fair value for Apple shares
Piper Jaffray analyst Michael Olson expects Apple's services revenue to rise from an 11% contribution in FY16 to 17% in FY20. As services approaches 20% of revenue, with a larger contribution to profitability due to higher margin relative to the core business, many investors will shift to a sum-of-the-parts valuation on Apple, Olson tells investors in a research note. His sum-of-the-parts analysis looking out two years values Apple at $195 per share. Discounting that back two years, the analyst comes up with a current fair value of $163 per share. Apple closed Friday down 78c to $139.91. Olson remains a buyer of Apple citing the "growing anticipation" around the iPhone 8 and a "strong trajectory" for services revenue. He maintains an Overweight rating on the shares with a $155 price target.
03/20/17
COWN
03/20/17
NO CHANGE
Target $155
COWN
Outperform
Apple price target raised to $155 from $135 at Cowen
Cowen analyst Timothy Arcuri raised his price target on Apple to $155 from $135 as he believes Street estimates remain way too low. He sees an aging iPhone base, especially in China, that should lead to a powerful launch of the iPhone 8. In addition to Street estimates having to come up, Arcuri also sees the potential for additional multiple expansion. Arcuri reiterated his Outperform rating on Apple shares.
03/20/17
ARGS
03/20/17
NO CHANGE
ARGS
Apple has positive read through from Jabil results, says Argus
Argus analyst Jim Kelleher believes that Jabil (JBL) reported "solid" results which bode well for Apple (AAPL). However, the analyst says that Jabil has been disappointing after triggering elevated expectations in the past, and he keeps a Hold rating on that stock.
03/20/17
RBCM
03/20/17
NO CHANGE
RBCM
iPhone 8 could match or surpass iPhone 6, says RBC Capital
RBC Capital analyst Amit Daryanani believes that the unit sales and growth of iPhone 8, due out in September, "could match or even surpass" the performance of the iPhone 6. The analyst expects the iPhone 8 to feature wireless charging and an improved processor., as well as "a complete redesign." He believes that the redesign can cause Apple's share gains to accelerate, enabling the growth of its services business to increase. Daryanani keeps a $155 price target and an Outperform rating on the shares.

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CXP

Columbia Property

$21.68

-0.27 (-1.23%)

20:50
03/27/17
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20:50
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SPG

Simon Property

$166.15

-1.8 (-1.07%)

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Simon Property management to meet with Canaccord »

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HALO

Halozyme

$14.27

0.74 (5.47%)

20:41
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AYR

Aircastle

$23.44

0.03 (0.13%)

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NEE

NextEra Energy

$131.10

-1.7 (-1.28%)

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NextEra Energy management to meet with Guggenheim »

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M

Macy's

$27.93

-0.24 (-0.85%)

20:26
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Macy's management to meet with Guggenheim »

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PPBI

Pacific Premier

$36.35

-0.05 (-0.14%)

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Heritage Oaks

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0.02 (0.16%)

20:25
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Conference/Events
Heritage Oaks to host special shareholder meeting »

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PPBI

Pacific Premier

$36.35

-0.05 (-0.14%)

HEOP

Heritage Oaks

$12.62

0.02 (0.16%)

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CCL

Carnival

$58.87

0.27 (0.46%)

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McCormick

$101.36

0.35 (0.35%)

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

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Carnival

$58.87

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McCormick

$101.36

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DRI

Darden

$75.58

-1.13 (-1.47%)

FDS

FactSet

$174.55

-2.18 (-1.23%)

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SYY

Sysco

$52.04

-0.77 (-1.46%)

20:17
03/27/17
03/27
20:17
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Conference/Events
Sysco management to meet with Guggenheim »

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MNK

Mallinckrodt

$44.33

1.24 (2.88%)

20:13
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03/27
20:13
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20:13
Conference/Events
Mallinckrodt management to meet with Guggenheim »

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OGE

OGE Energy

$35.41

-0.28 (-0.78%)

20:10
03/27/17
03/27
20:10
03/27/17
20:10
Conference/Events
OGE Energy management to meet with Guggenheim »

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CMCSA

Comcast

$37.11

-0.27 (-0.72%)

, CMCSK

Comcast

20:03
03/27/17
03/27
20:03
03/27/17
20:03
Periodicals
Comcast to expand streaming video service, Reuters says »

Comcast plans to rebrand…

CMCSA

Comcast

$37.11

-0.27 (-0.72%)

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Comcast

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MAR

Marriott

$93.17

-0.33 (-0.35%)

20:02
03/27/17
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20:02
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Conference/Events
Marriott management to meet with JPMorgan »

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FBR

Fibria Celulose

$8.67

-0.22 (-2.47%)

19:58
03/27/17
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Conference/Events
Fibria Celulose management to meet with JPMorgan »

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DXC

DXC Technology

, HPE

HP Enterprise

$22.72

-0.05 (-0.22%)

19:51
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Initiation
DXC Technology, HP Enterprise, CSC initiated at Goldman »

DXC Technology initiated…

DXC

DXC Technology

HPE

HP Enterprise

$22.72

-0.05 (-0.22%)

CSC

CSC

$68.05

0.35 (0.52%)

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TRI

Thomson Reuters

$43.56

-0.19 (-0.43%)

19:51
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Conference/Events
Thomson Reuters management to meet with JPMorgan »

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FIS

FIS

$80.41

0.29 (0.36%)

19:48
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Downgrade
FIS rating change at Goldman »

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COUP

Coupa Software

$24.00

0.12 (0.50%)

19:48
03/27/17
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Conference/Events
Coupa Software management to meet with JPMorgan »

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ALK

Alaska Air

$95.00

0.3 (0.32%)

19:44
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Conference/Events
Alaska Air management to meet with JPMorgan »

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TIVO

TiVo

19:40
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Conference/Events
TiVo management to meet with JPMorgan »

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TSN

Tyson Foods

$61.84

-0.73 (-1.17%)

, SAFM

Sanderson Farms

$102.76

2.41 (2.40%)

19:40
03/27/17
03/27
19:40
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19:40
Hot Stocks
Georgia finds 'low pathogenic' bird flu in commercial flock »

The Georgia Department of…

TSN

Tyson Foods

$61.84

-0.73 (-1.17%)

SAFM

Sanderson Farms

$102.76

2.41 (2.40%)

PPC

Pilgrim's Pride

$22.31

0.05 (0.22%)

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KR

Kroger

$28.93

-0.17 (-0.58%)

19:37
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Kroger management to meet with JPMorgan »

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VALE

Vale

$9.34

0.04 (0.43%)

19:30
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Vale says Fabio Schvartsman appointed as CEO »

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NSM

Nationstar

$15.05

0.1 (0.67%)

19:21
03/27/17
03/27
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Initiation
Nationstar initiated at Wedbush »

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LNVGY

Lenovo

$12.57

-0.03 (-0.24%)

19:14
03/27/17
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Periodicals
Lenovo, Fujitsu postpone PC tie-up, Nikkei says »

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