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Fly News Breaks for May 19, 2017
TMUS, ADSK, PANW, SNX, LL
May 19, 2017 | 10:23 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Goldman Sachs analyst Brett Feldman added T-Mobile (TMUS) to the firm's Conviction Buy List and increased its price target to $81 from $74 based on potential capital returns and upside to subscriber growth forecasts. 2. Jefferies analyst John DiFucci upgraded Palo Alto Networks (PANW) to Buy and raised his price target for the shares to $150 from $130. Palo's recent operational weakness has more to do with a major product cycle than sales execution or increased competition, DiFucci tells investors. 3. Oppenheimer analyst Brian Nagel upgraded Lumber Liquidators (LL) to Outperform saying a "potentially prolonged recovery" is starting to take shape under new management. 4. Raymond James analyst Adam Tindle upgraded SYNNEX (SNX) two notches to Strong Buy from Market Perform and established a $122 price target on shares saying key metrics are "poised to inflect." 5. RBC Capital upgraded Autodesk (ADSK) to Outperform from Sector Perform. Analyst Matthew Hedberg says he has increased confidence in the transition of the company's business model after it reported stronger than expected Q1 results. 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 TMUS;SNX;ADSK;LL;PANW From the Last 2 Days
TMUS
Sep 22, 2017 | 09:21 EDT
HIGHER: T-Mobile US (TMUS), up 1.3% after Reuters reported that the company and Sprint (S) are close to a merger agreement. Sprint is up 3.6%... Auris Medical (EARS), up 8.4% after announcing it completed patient recruitment for its Phase 3 TACTT3 clinical trial of Keyzilen in acute and post-acute inner ear tinnitus... Ascendis Pharma (ASND), up 47.4% after Versartis (VSAR) reported its Phase 3 of somavaratan did not meet its primary endpoint. LOWER: Versartis is down 85.2% after its Phase 3 of somavaratan did not meet its primary endpoint... Finish Line (FINL), down 8.8% after reporting quarterly results... Foot Locker (FL), down marginally after Finish Line reported its quarterly results.
TMUS
Sep 22, 2017 | 07:29 EDT
T-Mobile (TMUS) and Sprint (T) are close to agreeing to tentative terms of a merger agreement, Reuters reports, citing people familiar with the matter. According to two of the sources, SoftBank (SFTBF), which controls Sprint, would own 40%-50% of the combined company, while T-Mobile parent Deutsche Telekom (DTEGY) would hold a majority stake in the company. A deal is expected by the end of October, the sources say.Reference Link
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