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Fly News Breaks for January 13, 2017
NOK, PCAR, TIF, NFLX, CMCSA, FB
Jan 13, 2017 | 10:29 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Strong Buy from Outperform at Raymond James with analyst Aaron Kessler saying the risk/reward and valuation are attractive at current share levels. The analyst's channel checks with "leading social agencies" indicated overall same client spend remained "strong" in the 20%-30% year-over-year growth range in the fourth quarter. He believes Facebook can continue to report upside to consensus estimates in 2017 and keeps a $160 price target for the shares. 2. Comcast (CMCSA) was upgraded to Buy from Hold at Deutsche Bank while the firm upgraded Netflix (NFLX) to Hold from Sell. 3. Tiffany (TIF) upgraded to Market Perform from Underperform at Wells Fargo with analyst Ike Boruchow citing stabilizing demand trends in the luxury space. Several luxury/jewelry data points improved in the fourth quarter, Boruchow tells investors in a research note. He no longer expects Tiffany shares to underperform the broader retail group over the next 12 months. The analyst raised his price target range for the shares to $80-$82 from $70-$72. 4. PACCAR (PCAR) was upgraded to Outperform from Market Perform at BMO Capital and to Outperform from Sector Perform at RBC Capital. 5. Nokia (NOK) upgraded to Buy from Neutral at Natixis. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For FB;CMCSA;NFLX;TIF;PCAR;NOK From the Last 2 Days
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.