Piper Jaffray said its continues to think consensus doesn't fully reflect AMC Networks' (AMCX) content monetization efforts via deals like the one it just announced with Hulu Plus (DIS, CMCSA, FOXA). The firm keeps an Overweight rating and a $90 price target AMC Networks. Piper also said it has begun to see a trend of networks shifting their SVOD partnerships from to Hulu Plus from Netflix (NFLX), adding that its suspects Hulu deals are less cannibalistic to pay TV and more lucrative for the networks.
News For AMCX;DIS;FOXA;CMCSA;NFLX From the Last 2 Days
Welcome to the latest edition of "Bet On It," where The Fly looks at news and activity in the sports betting and iGaming space. SECTOR NEWS: Nevada... To see the rest of the story go to thefly.com. See Story Here
Scotiabank lowered the firm's price target on Comcast to $47.25 from $50 and keeps a Sector Perform rating on the shares. The company's broadband subscriber base continues to have elevated pressures, the analyst tells investors. In the upcoming quarters, broadband loading is expected to remain negative and potentially accelerate as fixed wireless access operators expand coverage in areas, the firm says. Scotiabank believes multiples will not expand until pressure on broadband subs diminish, the firm adds.
Pivotal Research analyst Jeffrey Wlodarczak lowered the firm's price target on Comcast (CMCSA) to $48 from $55 and keeps a Buy rating on the shares. Comcast reported an-line Q1 results but the competitive environment appears to be intensifying, the analyst tells investors in a research note. The firm believes there is an "outside shot" that Comcast could make a play for Warner Bros. Discovery (WBD) "given it can probably get the asset relatively inexpensively and it would clearly boost their scale in content," says Pivotal.
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here