Information Provided By:
Fly News Breaks for March 26, 2015
USPH, TPLM, TXTR, SYKE, SUN, SCCO, RDHL, RDNT, PTX, NFLX, MCO, MOBL, MHFI, MTDR, MMI, AWAY, HF, EGN, FANG, ARGS, ALLY
Mar 26, 2015 | 10:04 EDT
Today's noteworthy initiations include: Ally Financial (ALLY) initiated with a Buy at Compass Point... Argos Therapeutics (ARGS) initiated with a Buy at Roth Capital... Diamondback Energy (FANG) initiated with an Overweight at Morgan Stanley... Energen (EGN) initiated with an Equal Weight at Morgan Stanley... HFF Inc. (HF) initiated with a Buy at Goldman... HomeAway (AWAY) initiated with an Outperform at Oppenheimer... Marcus & Millichap (MMI) initiated with a Neutral at Goldman... Matador (MTDR) initiated with an Accumulate at Global Hunter... McGraw Hill Financial (MHFI) initiated with an Equal Weight at Morgan Stanley... MobileIron (MOBL) initiated with an Outperform at RBC Capital... Moody's (MCO) initiated with an Overweight at Morgan Stanley... Netflix (NFLX) initiated with a Hold at Argus... Pernix Therapeutics (PTX) initiated with an Outperform at Oppenheimer... RadNet (RDNT) initiated with a Buy at B. Riley... RedHill Biopharma (RDHL) initiated with a Buy at H.C. Wainwright... Southern Copper (SCCO) initiated with a Hold at Brean Capital... Sunoco (SUN) initiated with a Buy at Goldman... Sykes Enterprises (SYKE) initiated with a Buy at SunTrust... Textura (TXTR) initiated with a Buy at Benchmark Co.... Triangle Petroleum (TPLM) initiated with a Neutral at Macquarie... U.S. Physical Therapy (USPH) initiated with a Market Perform at Barrington.
News For ALLY;ARGS;FANG;EGN;HF;AWAY;MMI;MTDR;MHFI;MOBL;MCO;NFLX;PTX;RDNT;RDHL;SCCO;SUN;SYKE;TXTR;TPLM;USPH From the Last 2 Days
ALLY
Mar 28, 2024 | 06:11 EDT
In a regulatory filing on Wednesday, Discover (DFS) announced that its board accepted the resignation of Michael G. Rhodes from his positions as CEO and President of the company, a member of the board and a director and officer of Discover Bank, each effective April 1. Rhodes, who was not expected to have a long-term role at the combined company after completion of the company's merger with Capital One (COF), informed the board that he has accepted a job offer at another financial institution. Also on Wednesday, Ally Financial (ALLY) announced that Rhodes will be its new CEO, starting at the company on April 29.
ALLY
Mar 27, 2024 | 16:14 EDT
Ally Financial (ALLY) announced that Michael Rhodes will be its new CEO, starting at the company on April 29. He will also be appointed as a member of Ally's board of directors at that time. Rhodes most recently served as CEO of Discover Financial Services (DFS) and was a member of the company's board of directors. He additionally held the role of President of Discover Bank and sat on the Bank's board of directors.
NFLX
Mar 27, 2024 | 08:06 EDT
Wedbush analyst Michael Pachter raised the firm's price target on Netflix to $725 from $615 and keeps an Outperform rating on the shares. The firm also removed Netflix from Wedbush's Best Ideas List after a year of significant growth. The firm's quarterly survey indicates a seasonal deceleration in subscribers and an expansion of subscribers on Netflix's ad tier. As long as global trends remain consistent and the ad market continues to improve this year, Wedbush expects Netflix to continue to report strong results. With that said, some of the major catalysts that drove its Best Ideas List placement have been priced in. The firm thinks the ad tier will continue to limit churn, and it has a significant opportunity to expand its advertising revenue in 2024 and beyond. Furthermore, Wedbush believes Netflix has reached the right formula with global content creation, balancing costs, and increasing profitability.
NFLX
Mar 26, 2024 | 05:40 EDT
BofA added Spotify (SPOT) to its US 1 List while removing Netflix (NFLX). The list is a collection of the firm's best ideas.