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GOOG

Alphabet

$848.40

-3.72 (-0.44%)

, FB

Facebook

$139.94

0.1 (0.07%)

06:00
03/21/17
03/21
06:00
03/21/17
06:00

Google, Facebook paying more tax in Australia, AP reports

Google (GOOG), Facebook (FB) and others are paying tax in Australia based on their profits there, The Associated Press reports, citing comments from Treasurer Scott Morrison. Australia will take in an extra A$2B in tax from multinational companies in the current fiscal year due to the impact of the Multinational Anti-Avoidance Law, dubbed the "Google Tax, which targets global companies with annual incomes exceeding A$1B that use financial schemes for the purpose of obtaining an Australian tax benefit, the report notes. Reference Link

GOOG

Alphabet

$848.40

-3.72 (-0.44%)

FB

Facebook

$139.94

0.1 (0.07%)

  • 21

    Mar

  • 27

    Mar

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    Mar

  • 02

    May

  • 22

    May

GOOG Alphabet
$848.40

-3.72 (-0.44%)

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.
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.
03/20/17
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.
FB Facebook
$139.94

0.1 (0.07%)

03/08/17
WBLR
03/08/17
NO CHANGE
WBLR
Social advertising exec sees Facebook spending rising, says William Blair
After meeting with two separate executives who head social media spending and video at a "large, digital-only agency," William Blair analyst Ralph Schackart said he came away with the impression that social and Facebook (FB) will grow again in 2017, noting that the head of social expects her clients' Facebook spending to grow around 35% this year and for their Twitter (TWTR) budgets to decline 20%-30%, with some of that due to a spending shift to Facebook. The analyst, who thinks Facebook shares have near-term upside potential to $160-$165 and still believes it can be a "$200-plus stock," keeps an Outperform rating on the name.
03/09/17
FBNS
03/09/17
INITIATION
Target $23
FBNS
Sector Perform
Snap initiated with a Sector Perform at FBN Securities
FBN Securities analyst Shebly Seyrafi started Snap (SNAP) with a Sector Perform rating and $23 price target. The analyst cites the recent slowing of user growth and the company's weaker presence outside of the 12-24 age demographic as concerns. Seyrafi believes, however, that Facebook (FB) has interest in acquiring Snap at the right price, which effectively puts a floor in the shares.
03/09/17
JPMS
03/09/17
NO CHANGE
Target $170
JPMS
Overweight
Facebook remains top large-cap Internet idea at JPMorgan
JPMorgan analyst Doug Anmuth says he's increasingly confident in his above-consensus 2017/2018 revenue estimates for Facebook following an analysis of the company's product and advertising changes. Facebook monthly active users grew last year at the fastest rate since the company went public in 2012 while Instagram added its most recent 100M users at its fastest pace in history, Anmuth tells investors in a research note. Facebook's product changes are working to drive engagement at scale, the analyst argues. Facebook remains Anmuth's favorite large-cap Internet idea with an Overweight rating and $170 price target. The social media giant closed yesterday up 42c to $137.72.
03/17/17
UBSW
03/17/17
NO CHANGE
Target $165
UBSW
Buy
Facebook price target raised to $165 from $155 at UBS
UBS analyst Eric Sheridan raised his price target on Facebook to $165 from $155 citing his confidence the company can keep growing its core advertising business while shifting its emerging businesses - like Messenger, WhatsApp and Oculus - from user growth and ecosystem investments to monetization. The analyst sees better than expected growth and margins and forward multiples as attractive relative to its growth/return profile. Sheridan reiterated his Buy rating Facebook shares.

TODAY'S FREE FLY STORIES

TRMB

Trimble

$38.20

0.49 (1.30%)

06:34
07/25/17
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SVU

Supervalu

$3.25

-0.01 (-0.31%)

06:33
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Supervalu sees FY18 net earnings from continuing operations $51M-$70M »

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BIIB

Biogen

$284.70

1.78 (0.63%)

06:33
07/25/17
07/25
06:33
07/25/17
06:33
Earnings
Biogen raises FY17 adjusted EPS view to $20.80-$21.40 from $20.45-$21.25 »

FY17 consensus $20.38.…

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  • 25

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GPK

Graphic Packaging

$13.77

0.04 (0.29%)

06:33
07/25/17
07/25
06:33
07/25/17
06:33
Earnings
Graphic Packaging reports Q2 adj. EPS 15c, consensus 15c »

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  • 25

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PHM

PulteGroup

$24.42

0.11 (0.45%)

06:32
07/25/17
07/25
06:32
07/25/17
06:32
Hot Stocks
Breaking Hot Stocks news story on PulteGroup »

PulteGroup believes…

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  • 25

    Jul

SVU

Supervalu

$3.25

-0.01 (-0.31%)

06:32
07/25/17
07/25
06:32
07/25/17
06:32
Earnings
Supervalu reports Q1 adjusted EPS 9c, consensus 11c »

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  • 25

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MORE

Monogram Residential Trust

$11.95

0.01 (0.08%)

06:32
07/25/17
07/25
06:32
07/25/17
06:32
Downgrade
Monogram Residential Trust rating change  »

Monogram Residential…

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PHM

PulteGroup

$24.42

0.11 (0.45%)

06:32
07/25/17
07/25
06:32
07/25/17
06:32
Earnings
PulteGroup reports Q2 adjusted EPS 47c, consensus 41c »

Reports Q2 revenue…

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  • 25

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TEAM

Atlassian

$36.41

0.66 (1.85%)

06:31
07/25/17
07/25
06:31
07/25/17
06:31
Upgrade
Atlassian rating change  »

Atlassian upgraded to…

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  • 08

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BIIB

Biogen

$284.70

1.78 (0.63%)

06:31
07/25/17
07/25
06:31
07/25/17
06:31
Earnings
Biogen reports Q2 adjusted EPS $5.04, consensus $4.41 »

Reports Q2 revenue $3.1B,…

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  • 25

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  • 01

    Aug

GOOG

Alphabet

$980.34

7.42 (0.76%)

, GOOGL

Alphabet Class A

$998.31

4.47 (0.45%)

06:30
07/25/17
07/25
06:30
07/25/17
06:30
Recommendations
Alphabet, Alphabet Class A analyst commentary  »

Alphabet earnings…

GOOG

Alphabet

$980.34

7.42 (0.76%)

GOOGL

Alphabet Class A

$998.31

4.47 (0.45%)

03/08/13
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LLY

Eli Lilly

$84.74

0.08 (0.09%)

06:30
07/25/17
07/25
06:30
07/25/17
06:30
Hot Stocks
Eli Lilly will pursue new standard-of-care changing therapies in oncology »

Eli Lilly is providing an…

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LLY

Eli Lilly

$84.74

0.08 (0.09%)

06:29
07/25/17
07/25
06:29
07/25/17
06:29
Earnings
Eli Lilly raises FY17 EPS view to $4.10-$4.20 from $4.05-$4.15, consensus $4.12 »

Raises FY17 revenue…

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  • 25

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  • 11

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DDAIF

Daimler AG

$71.00

-1.9399 (-2.66%)

, BMWYY

BMW

$30.72

-0.8 (-2.54%)

06:28
07/25/17
07/25
06:28
07/25/17
06:28
Periodicals
Daimler directors to discuss alleged German auto cartel, Reuters says »

Daimler's (DDAIF)…

DDAIF

Daimler AG

$71.00

-1.9399 (-2.66%)

BMWYY

BMW

$30.72

-0.8 (-2.54%)

VLKAY

Volkswagen

$32.19

-0.79 (-2.40%)

POAHY

Porsche

$5.82

-0.03 (-0.51%)

AUDVF

Audi AG

$835.60

-4.8 (-0.57%)

03/08/13
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WERN

Werner

$29.20

-0.35 (-1.18%)

06:28
07/25/17
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06:28
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06:28
Upgrade
Werner rating change  »

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  • 21

    Aug

TNTR

Tintri

$6.95

0.16 (2.36%)

06:28
07/25/17
07/25
06:28
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06:28
Initiation
Tintri initiated  »

Tintri initiated with a…

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BY

Byline Bancorp

$20.85

0.13 (0.63%)

06:28
07/25/17
07/25
06:28
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06:28
Initiation
Byline Bancorp initiated  »

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  • 28

    Jul

LLY

Eli Lilly

$84.74

0.08 (0.09%)

06:26
07/25/17
07/25
06:26
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06:26
Earnings
Eli Lilly reports Q2 EPS $1.11, consensus $1.05 »

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  • 25

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NCMGY

Newcrest Mining

$15.72

0.12 (0.77%)

06:26
07/25/17
07/25
06:26
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06:26
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Newcrest Mining rating change  »

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SPNC

Spectranetics

$38.50

0.05 (0.13%)

06:21
07/25/17
07/25
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06:21
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Spectranetics rating change  »

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TMP

Tompkins Financial

$78.41

-0.14 (-0.18%)

06:21
07/25/17
07/25
06:21
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06:21
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Tompkins Financial rating change  »

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SNE

Sony

$40.61

-0.2 (-0.49%)

, AAPL

Apple

$152.09

1.82 (1.21%)

06:20
07/25/17
07/25
06:20
07/25/17
06:20
Periodicals
Sony restructures television production unit, WSJ reports »

Sony Pictures…

SNE

Sony

$40.61

-0.2 (-0.49%)

AAPL

Apple

$152.09

1.82 (1.21%)

03/08/13
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  • 01

    Aug

LLY

Eli Lilly

$84.74

0.08 (0.09%)

, INCY

Incyte

$138.27

4.05 (3.02%)

06:20
07/25/17
07/25
06:20
07/25/17
06:20
Hot Stocks
Eli Lilly, Incyte resubmit baricitinib NDA to FDA »

Eli Lilly (LLY) and…

LLY

Eli Lilly

$84.74

0.08 (0.09%)

INCY

Incyte

$138.27

4.05 (3.02%)

03/08/13
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    Sep

SSB

South State

$83.90

0.7 (0.84%)

06:19
07/25/17
07/25
06:19
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06:19
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South State rating change  »

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  • 16

    Aug

  • 18

    Sep

BSRR

Sierra Bancorp

$24.15

0.34 (1.43%)

06:19
07/25/17
07/25
06:19
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06:19
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Sierra Bancorp rating change  »

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