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YHOO

Tag AABA

$43.18

0.05 (0.12%)

, TWTR

Twitter

$23.52

-0.48 (-2.00%)

18:51
10/04/16
10/04
18:51
10/04/16
18:51

Twitter, Microsoft, Google say did not scan emails, TechCrunch says

Twitter (TWTR), Microsoft (MSFT) and Google (GOOG) say they have not engaged in the government-directed "email scanning" practices which reportedly took place at Yahoo (YHOO), reports Recode. Asked to respond to a Reuters article earlier Tuesday saying Yahoo secretly scanned user emails at the behest of the U.S. government, Twitter told the publication that "we've never received a request like this, and were we to receive it we'd challenge it in a court," while Microsoft said, "We have never engaged in the secret scanning of email traffic like what has been reported today about Yahoo" and Google commented that "we've never received such a request, but if we did, our response would be simple: no way." Reference Link

YHOO

Tag AABA

$43.18

0.05 (0.12%)

TWTR

Twitter

$23.52

-0.48 (-2.00%)

MSFT

Microsoft

$57.24

-0.18 (-0.31%)

GOOG

Alphabet

$776.43

3.87 (0.50%)

GOOGL

Alphabet Class A

$802.79

2.41 (0.30%)

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YHOO Tag AABA
$43.18

0.05 (0.12%)

09/16/16
OPCO
09/16/16
NO CHANGE
Target $55
OPCO
Outperform
Yahoo price target raised to $55 from $48 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Yahoo (YHOO) to $55 from $48, citing the positive move in Alibaba's (BABA) share price and the $4.1B taxable basis of Yahoo's core, disclosed in a proxy statement. The analyst reiterates an Outperform rating on Yahoo's shares.
09/23/16
RHCO
09/23/16
NO CHANGE
RHCO
Yahoo hack is probably not a material adverse change, says SunTrust
After Yahoo (YHOO) reported that over 500M of its accounts had been hacked, SunTrust analyst Robert Peck thinks that the news is probably not a material adverse change, or MAC, that would jeopardize the company's acquisition by Verizon (VZ). He notes that the sales contract says that a MAC will not be triggered by "any failure by Yahoo to meet its internal or published projections, budgets, plans, or forecasts of its revenues, earnings, or other financial performance or results of operations." The analyst says that the hack "may be manageable," since a majority of the victims could be e-mail users who are sticky. He keeps a Neutral rating on Yahoo.
09/23/16
BOFA
09/23/16
NO CHANGE
Target $55
BOFA
Buy
BofA thinks Verizon deal stays on track despite Yahoo data breach
Bank of America Merrill Lynch analyst Justin Post said that Yahoo's (YHOO) disclosure of the massive data breach impacting over 500M of its users is clearly a negative for the company that could result in email account closures, but he does not anticipate a major impact on Yahoo's business related to this breach, citing as evidence the fact that he is not aware of any significant business impairment or financial liability related to security breaches at LinkedIn (LNKD) in 2012 and at eBay (EBAY) in 2014. Post adds that the Target (TGT) data breach, which did include credit card info, is not directly comparable to Yahoo's breach. For Verizon (VZ) to back out of its acquisition agreement, Post thinks the company would need to assume Yahoo acted in bad faith during negotiations and that the Yahoo asset is impaired or comes with significant liability, neither of which he sees as being the case. The analyst keeps a Buy rating on Yahoo and bumped his target on the shares to $55 from $53, citing an increased price target on Alibaba (BABA) that a peer at the firm recently set.
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
$23.52

-0.48 (-2.00%)

10/04/16
SUSQ
10/04/16
NO CHANGE
Target $15
SUSQ
Neutral
Upside potential for Twitter takeout already captured, says Susquehanna
Susquehanna analyst Shyam Patil analyzed the potential takeout range for a Twitter buyout and believes most of the potential upside has already been captured. He sees the takeout range in the $17-$24 range and with the stock trading at $24, sees little upside. Patil recommends selling Twitter before market share losses to Snap play out as its fundamentals have deteriorated significantly since going public. Patil reiterated his Neutral rating and $15 price target on Twitter shares.
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.
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.
MSFT Microsoft
$57.24

-0.18 (-0.31%)

09/06/16
RHCO
09/06/16
NO CHANGE
Target $18
RHCO
Neutral
SunTrust sees 'limited' list of Twitter suitors, says activist action unlikely
SunTrust analyst Robert Peck reiterated his belief that Twitter (TWTR) is unlikely to sell itself in 2016 in a new note to investors, but noted that investors have asked him who would be interested if Twitter were open to a sale. While giving his opinion on potential acquirers - which he sees possibly including Google (GOOG), Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), AT&T (T), Verizon (VZ), Disney (DIS), Fox (FOXA), and Alibaba (BABA) - Peck said the company's high price and "unique" asset limit the potential buyers and gave his view that a PE buyer is highly unlikely given the company's lack of free cash flow. Additionally, Peck thinks activist action at Twitter seems "extremely unlikely" despite "unsubstantiated investor conjecture" and media reports. The analyst keeps Neutral rating and $18 price target on Twitter shares.
09/26/16
CANT
09/26/16
NO CHANGE
Target $42
CANT
Buy
Yelp takeout chances increased with share conversion, says Cantor
Yelp's (YELP) conversion of Class B super-voting shares into regular Class A shares late last week increases the company's takeout potential, Cantor Fitzgerald analyst Youssef Squali tells investors in a research note. Yelp, especially following recent improvements in the underlying growth fundamentals of the business, has become "an easier, and more likely" acquisition target, the analyst contends. The analyst views Facebook (FB), Priceline (PCLN), TripAdvisor (TRIP) and Microsoft (MSFT) as potential acquirers of Yelp. Squali estimates Yelp could be worth $53 per share in a takeout. He keeps a Buy rating on the stock with a $42 price target. The stock is up 2% to $40.35 in early trading.
09/23/16
RHCO
09/23/16
NO CHANGE
RHCO
Buy
SunTrust says Twitter would help Salesforce deal with Microsoft
SunTrust analyst John Rizzuto believes a potential acquisition of Twitter (TWTR) could give Salesforce (CRM) a "strong external social platform" that can enhance its ecosystem while addressing the longer-term threat from Microsoft (MSFT). With less than $2B of cash on hand, Salesforce would need to raise much of the required capital as equity with a smaller debt component, Rizzuto tells investors in a research note. The analyst remains positive on Salesforce shares with a Buy rating. CNBC's David Faber reported earlier today that Twitter is getting closer to a sale and he named Salesforce as one of the potential suitors. Salesforce is down 5% to $70.69 while Twitter is up 19% to $22.12 in afternoon trading.
09/13/16
09/13/16
NO CHANGE

Microsoft cloud revenue could triple in four years, says Pacific Crest
Pacific Crest analyst Brent Bracelin says that Microsoft's cloud revenue "has the potential to triple in four years to $40B plus." The analyst thinks that the company could use artificial technology to create new "smart applications." He says the shares could exceed their all-time high of $58.72 and keeps a $65 price target and Overweight rating on the stock.
GOOG Alphabet
$776.43

3.87 (0.50%)

09/27/16
WEDB
09/27/16
DOWNGRADE
WEDB
Underperform
Alphabet downgraded to Underperform from Neutral at Wedbush
Wedbush analyst James Dix downgraded Alphabet to Underperform and lowered his price target on shares to $700 on concerns the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive.
09/27/16
WEDB
09/27/16
DOWNGRADE
WEDB
Underperform
Alphabet downgraded to Underperform from Neutral at Wedbush
GOOGL Alphabet Class A
$802.79

2.41 (0.30%)

09/30/16
RBCM
09/30/16
NO CHANGE
RBCM
Street underestimating Google growth outlook, says RBC Capital
RBC Capital analyst Mark Mahaney expects Google to end 2016 with "up to 20% growth," versus the Street's outlook of mid teen percentage level growth. Mahaney says that Google's growth should be boosted by "ongoing Search innovations, rising Mobile CPCs, and the growing impact of YouTube, Play & Cloud." He thinks that YouTube's revenue is growing at a 30%-40% clip. Mahaney raised his price target on the stock to $1,025 from $1,000 and keeps an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

OXY

Occidental Petroleum

$75.55

0.16 (0.21%)

, HES

Hess Corp.

$52.61

-1.23 (-2.28%)

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HES

Hess Corp.

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AIG

AIG

$61.55

0.02 (0.03%)

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VR

Validus

$46.72

0.81 (1.76%)

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REXR

Rexford Industrial

$28.79

0.47 (1.66%)

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ALK

Alaska Air

$68.88

-0.91 (-1.30%)

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Boeing

$337.73

-2.43 (-0.71%)

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Alaska Air

$68.88

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Boeing

$337.73

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PCG

PG&E

$44.39

-0.11 (-0.25%)

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ENB

Enbridge

$39.39

-0.33 (-0.83%)

, SEP

Spectra Energy Partners

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ENB

Enbridge

$39.39

-0.33 (-0.83%)

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Spectra Energy Partners

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OMER

Omeros

$16.70

-0.02 (-0.12%)

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Omeros receives positive opinion for OMS721 from EMA »

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EIX

Edison International

$62.12

0.2 (0.32%)

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TWOU

2U

$72.38

1.49 (2.10%)

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2U and WeWork partner in online graduate program expansion »

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NQ

NQ Mobile

$3.82

-0.07 (-1.80%)

07:07
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NQ Mobile proposes to rebrand, change name to "Link Motion Inc." »

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BLUE

bluebird bio

$175.95

-6.15 (-3.38%)

07:07
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Technical Analysis
Technical Take: bluebird bio moves higher »

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  • 26

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OPB

Opus Bank

$28.70

0.05 (0.17%)

07:07
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07:07
Earnings
Opus Bank reports Q4 EPS including items 3c, consensus 38c »

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  • 22

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CQH

Cheniere Energy Partners LP

$28.22

0.22 (0.79%)

, CQP

Cheniere Energy Partners

$30.48

0.2 (0.66%)

07:06
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Conference/Events
Morgan Stanley to hold a tour »

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CQH

Cheniere Energy Partners LP

$28.22

0.22 (0.79%)

CQP

Cheniere Energy Partners

$30.48

0.2 (0.66%)

ENLC

EnLink Midstream

$18.75

0.25 (1.35%)

ENLK

EnLink Midstream Partners

$17.45

0.37 (2.17%)

EPD

Enterprise Products

$28.66

0.36 (1.27%)

NBLX

Noble Midstream

$55.10

-0.48 (-0.86%)

PAA

Plains All American

$22.49

-0.09 (-0.40%)

SHLX

Shell Midstream

$30.13

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TRGP

Targa Resources

$50.73

0.04 (0.08%)

WES

Western Gas Partners

$52.31

0.34 (0.65%)

WGP

Western Gas Equity

$40.42

0.5 (1.25%)

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REGN

Regeneron

$371.53

0.25 (0.07%)

, SNY

Sanofi

$44.60

0.09 (0.20%)

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Regeneron reports approval of Dupixent in Japan for atopic dermatitis »

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REGN

Regeneron

$371.53

0.25 (0.07%)

SNY

Sanofi

$44.60

0.09 (0.20%)

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SLB

Schlumberger

$76.42

0.05 (0.07%)

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TTNP

Titan Pharmaceuticals

$1.28

0.025 (2.00%)

, BBRX

Braeburn Pharmaceuticals

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Titan Pharmaceuticals discussing U.S. Probuphine commercialization with Braeburn »

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TTNP

Titan Pharmaceuticals

$1.28

0.025 (2.00%)

BBRX

Braeburn Pharmaceuticals

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CC

Chemours

$54.02

2.42 (4.69%)

, MMM

3M

$248.18

2.27 (0.92%)

07:05
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07:05
Conference/Events
ASHRAE and AHRI to co-host an expo »

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CC

Chemours

$54.02

2.42 (4.69%)

MMM

3M

$248.18

2.27 (0.92%)

ABB

ABB

$28.01

0.03 (0.11%)

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General news
Oil Action: WTI benchmark futures are fractionally lower »

Oil Action: WTI benchmark…

ACBFF

Aurora Cannabis

$10.77

0.302 (2.89%)

07:05
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01/22
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CanniMed announces continuation of discussions with Aurora Cannabis »

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ATNX

Athenex

$17.33

0.12 (0.70%)

07:04
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Hot Stocks
Athenex announces results of first cohort of Phase 1b clinical trial of Oraxol »

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LEVB

Level Brands

$5.10

-0.0385 (-0.75%)

07:03
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Level Brands, Kathy Ireland announce extension of Isodiol license agreement »

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ABAX

Abaxis

$61.16

0.35 (0.58%)

07:03
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Hot Stocks
Abaxis granted USDA Approval for new VetScan FLEX4 Rapid Test »

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  • 25

    Jan

QURE

uniQure

$17.99

-0.01 (-0.06%)

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uniQure receives OMPD in EU for AMT-130 »

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