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DIS

Disney

$92.86

1.06 (1.15%)

, TWTR

Twitter

$23.05

0.04 (0.17%)

07:09
10/03/16
10/03
07:09
10/03/16
07:09

Disney should not buy Twitter, Recode says

It does not appear likely that Disney (DIS) will buy Twitter (TWTR), and it does not seem like a good idea neither, Recode says. However, the fact that it was on the table may suggest that Disney CEO Bob Iger thinks his company needs a transformative jolt and that he may be worried about the future, which should "terrify" Big Media, the publication noted. Reference Link

DIS

Disney

$92.86

1.06 (1.15%)

TWTR

Twitter

$23.05

0.04 (0.17%)

  • 10

    Nov

DIS Disney
$92.86

1.06 (1.15%)

09/26/16
UBSW
09/26/16
NO CHANGE
Target $92
UBSW
Neutral
Consumer satisfaction with competitors has caught up to Netflix, says UBS
UBS analyst Doug Mitchelson said that the firm's Evidence Lab survey indicated that U.S. consumer satisfaction with Amazon Prime Video (AMZN) and Hulu - the joint venture owned by Time Warner (TWX), Comcast (CMCSA), 21st Century Fox (FOXA), and Disney (DIS) - has now caught up to Netflix (NFLX), advising that investors should "continue to monitor competitive threats closely" as Netflix leads the category but demand for consumer media time, attention and wallet has intensified. The analyst, who added that Netflix's "pricing power remains unclear" based on the firm's survey work, keeps a Neutral rating and $92 price target on Netflix shares.
09/26/16
09/26/16
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. Disney (DIS) downgraded to Hold from Buy at Drexel Hamilton with analyst Tony Wible saying he believes a large step up in NBA costs, incremental subscribers losses, difficult studio comps, a riskier studio slate, and Shanghai cost pressures will weigh on fiscal 2017. 2. Twitter (TWTR) downgraded to Underperform from Perform at Oppenheimer with analyst Jason Helfstein saying a media company is the most likely acquirer of Twitter and would not pay meaningfully more than the valuation implied by our price target. 3. RetailMeNot (SALE) downgraded to Sell from Hold at Stifel with analyst Scott Devitt saying third party data indicates that the company's traffic trends have deteriorated recently. 4. Finish Line (FINL) downgraded to Neutral from Buy at Buckingham with the firm's analyst believing shares will be range bound in medium term due to high comp expectations, cost savings will be offset by incentive compensation and other investments, and less compelling valuation. 5. NetApp (NTAP) downgraded to Sell from Hold at Deutsche Bank with analyst Sherri Scribner saying secular challenges in the storage market are not reflected in NetApp's current valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/27/16
SBSH
09/27/16
NO CHANGE
Target $16
SBSH
Neutral
Citi sees 40% downside in Twitter with no takeover bid
Citi analyst Mark May believes Twitter's (TWTR) risk/reward skews to the downside following the recent rally in the shares. A buyout of the company carries "strategic rationale for certain companies," but Twitter's "struggles and steep valuation" make a deal at a meaningful premium less likely, May tells investors in a research note. A takeover at $26 per share looks aggressive, May contends. He believes the stock could retest the lows of late May, representing 40% downside from current levels, should an acquisition offer not materialize. The analyst keeps a Neutral rating on Twitter with a $16 price target. The shares closed yesterday up 75c to $23.37 following reports that Disney (DIS) may be joining the list of potential acquires that already includes Alphabet (GOOG) and Salesforce (CRM).
09/28/16
SBSH
09/28/16
NO CHANGE
SBSH
Buy
Citi hopes Disney does not acquire Twitter
Citi analyst Jason Bazinet lays out four reasons for why he doesn't like Disney (DIS) pursuing an acquisition of Twitter (TWTR). Going back 15 years, the analyst can't think of a single web-based property that was successfully acquired by a traditional media firm. Two, he calls Twitter trends "troubling." Three, Bazinet estimates a cash offer would lower Disney's stock by $5 per share while an equity offer would drop its stock by $9. Four, the analyst feels it is unclear how Disney's content will help Twitter. Bazinet thinks both Yahoo (YHOO) and Twitter lost "significant money" when they streamed NFL content over the web. The analyst hopes Twitter is acquired by somebody other than Disney. He keeps a Buy rating on Disney shares. Both Loop Capital and Mizuho this morning downgraded Twitter to sell ratings.
TWTR Twitter
$23.05

0.04 (0.17%)

09/28/16
LOOP
09/28/16
DOWNGRADE
Target $18
LOOP
Sell
Twitter downgraded to Sell from Hold at Loop Capital
Loop Capital analyst Blake Harper downgraded Twitter to Sell from Hold, as he believes that while the company may eventually get a takeover bid that any offer is unlikely to offer a meaningful premium from the stock's current price. The "swift manner" in which Twitter began shopping itself could be a warning sign that another disappointing earnings report is coming and there is more downside risk than upside potential if a deal falls through, said Harper, who keeps an $18 price target on Twitter shares.
09/28/16
MZHO
09/28/16
DOWNGRADE
Target $15
MZHO
Underperform
Mizuho cuts Twitter to Underperform with $15 price target
Mizuho analyst Neil Doshi downgraded Twitter to Underperform from Neutral based on valuation. The shares are up 45% since the company reported Q2 results, primarily driven by potential buyout comments in media reports, Doshi tells investors in a research note. The stock at current levels is overvalued as Twitter's business fundamentals "have deteriorated significantly" over the past 12 months, the analyst contends. Doshi believes many of the M&A scenarios are unlikely to play out. He puts potential acquirers Salesforce (CRM) and Alphabet (GOOG, GOOGL) in the "maybe" camp, but he still has some reservations about these deals happening. The analyst believes investors of both companies would view a buyout of Twitter as negative. Doshi keeps a $15 price target for Twitter shares. The stock closed yesterday up 35c to $23.72. Loop Capital this morning also downgraded Twitter to Sell.
09/28/16
09/28/16
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. Alphabet (GOOG, GOOGL) downgraded to Underperform from Neutral at Wedbush with analyst James Dix citing concerns that the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive. 2. AT&T (T) downgraded to Neutral from Buy at UBS with analyst John Hodulik citing expectations for lower earnings growth. 3. Macy's (M) downgraded to Neutral from Outperform at Credit Suisse with analyst Michael Exstein saying the retailer, after outlining in August its operations and merchandising strategies, is now in an execution phase. 4. Twitter (TWTR) downgraded to Underperform from Neutral at Mizuho and to Sell from Hold at Loop Capital. 5. Galectin Therapeutics (GALT) downgraded to Sell from Buy at Roth Capital with analyst Sa'ar Yaniv citing the company's announcement that NASH-FX, GR-MD-02's Phase 2a study in NASH fibrosis, failed both primary and secondary endpoints. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

XON

Intrexon

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-0.935 (-6.36%)

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$NYE

NYSE Market Internals

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MET

MetLife

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OSTK

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EHTH

eHealth

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EHTH

eHealth

$17.52

-0.045 (-0.26%)

16:12
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Earnings
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EHTH

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NCBS

Nicolet Bankshares

$54.06

-1.82 (-3.26%)

16:11
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Nicolet Bankshares reports Q4 EPS 88c, consensus 81c »

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EHTH

eHealth

$17.52

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MPB

Mid Penn Bancorp

$37.00

-0.5 (-1.33%)

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MBVX

MabVax Therapeutics

$0.95

0.0512 (5.71%)

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TAHO

Tahoe Resources

$4.65

-0.285 (-5.78%)

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  • 23

    Feb

GCO

Genesco

$33.95

-1.35 (-3.82%)

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NRZ

New Residential

$17.65

-0.0938 (-0.53%)

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Syndicate
New Residential files to sell $25M shares of common stock »

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PATK

Patrick Industries

$66.70

-1.05 (-1.55%)

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Breaking Syndicate news story on Patrick Industries »

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PATK

Patrick Industries

$66.70

-1.05 (-1.55%)

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URGN

UroGen Pharma

$45.05

0.89 (2.02%)

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NEE

NextEra Energy

$150.64

0.315 (0.21%)

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  • 26

    Jan

VRS

Verso

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IBP

Installed Building Products

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COHU

Cohu

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  • 17

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SQNS

Sequans

$2.05

-0.005 (-0.24%)

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  • 13

    Feb

DLTR

Dollar Tree

$112.88

-1.96 (-1.71%)

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BGNE

BeiGene

$102.86

-0.42 (-0.41%)

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RDHL

RedHill Biopharma

$5.22

0.05 (0.97%)

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  • 14

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