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ARRS

Arris

$28.71

-0.9 (-3.04%)

, CHTR

Charter

$257.86

-9.99 (-3.73%)

11:19
10/12/16
10/12
11:19
10/12/16
11:19

ARRIS, Charter announce WorldBox 2.0 development agreement

ARRIS International (ARRS) and Charter Communications (CHTR) announced plans for ARRIS to be a key participant in the development of WorldBox 2.0, Charter's next-generation video platform to be deployed on traditional television sets across Charter's footprint. ARRIS and Charter also recently entered into a warrant agreement, providing Charter with the opportunity to acquire ordinary shares of ARRIS based on specific sales targets of ARRIS equipment to Charter in 2016, 2017 and 2018. ARRIS and Charter's new warrant agreement builds on the two companies' long-standing relationship. The companies recently joined forces to acquire ActiveVideo, the cloud-based technology platform that enables Charter's cloud-based Spectrum Guide on prior generation set-top boxes to Charter subscribers, the companies noted.

ARRS

Arris

$28.71

-0.9 (-3.04%)

CHTR

Charter

$257.86

-9.99 (-3.73%)

  • 03

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    Nov

ARRS Arris
$28.71

-0.9 (-3.04%)

06/10/16
06/10/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on the today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN) initiated with an Outperform rating by William Blair analyst Ryan Domyancic, who said he expects Amazon Web Services to maintain its leading market share position in the infrastructure-as-a-service market, which he notes is forecast to grow to $62B in 2020. The analyst, who also believes Amazon's retail business will continue to take share, thinks Amazon shares could reach $820 in the next twelve months. 2. Harris (HRS) initiated with a Buy at Citi by analyst Jason Gursky, who put a $95 price target on the stock. Improving end-markets and margin expansion support a $900M free cash flow opportunity for the company over the next two years, the analyst said. 3. Core Laboratories (CLB) initiated with an Overweight at JPMorgan by analyst Sean Meakim. The analyst, who calls Core his top small cap pick and put a $120 price target on the stock, said that the company's "breadth of exposures across geography and the capex life cycle is unmatched." 4. ARRIS (ARRS) assumed with a Buy at Jefferies by analyst Geroge Notter, who lowered his price target for the shares to $31 from $40. The company should benefit from an escalating competitive environment around broadband services, the analyst said. 5. Anadarko (APC) assumed with an Overweight at Piper Jaffray by analyst Pearce Hammond, who set a $64 price target on the stock. The analyst believes the stock is an attractive opportunity for long-term, value oriented investors. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/16
NEED
07/06/16
NO CHANGE
Target $30
NEED
Buy
Needham bullish on ARRIS warrant agreement with Comcast
Needham analyst Richard Valera is "encouraged" by the deal announced by ARRIS (ARRS), in which Comcast (CMCSA; CMCSK) is incentivized to purchase increasing amounts of the company's product in 2016 and 2017 in exchange for receiving warrants to purchase ARRIS' shares. The analyst sees the agreement as supportive of ARRIS' business seeing continued growth in 2017. Valera reiterates a Buy rating and $30 price target on ARRIS' shares.
09/20/16
MSCO
09/20/16
INITIATION
Target $34
MSCO
Overweight
ARRIS initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Meta Marshall initiated ARRIS with an Outperform and a $34 price target saying it is well positioned near-term as customer cable spending resumes and cost synergies from the Pace acquisition are realized.
10/04/16
JEFF
10/04/16
NO CHANGE
Target $34
JEFF
Buy
Jefferies reiterates Buy on ARRIS after cable trade show
After attending the SCTE Cable-Tec trade show, Jefferies analyst George Notter says the multi-year investment cycle in network infrastructure is just beginning. ARRIS stands to benefit as cable companies upgrade to next-generation networks, Notter tells investors in a research note. He reiterates a Buy rating on ARRIS with a $34 price target.
CHTR Charter
$257.86

-9.99 (-3.73%)

10/10/16
EVER
10/10/16
NO CHANGE
Target $320
EVER
Buy
Charter price target raised to $320 from $260 at Evercore ISI
Evercore ISI analyst Vijay Jayant increased top pick Charter's price target to $320 from $260 and believes the company has substantial free cash flow generation potential from the Time Warner Cable acquisition and Bright House system. He sees significant transaction cost synergies and potential for significant capital returns and for subscriber growth to reacceleration in 2H 2017 once the transition period is complete. Jayant has a Buy rating on Charter shares.
10/11/16
MOFT
10/11/16
DOWNGRADE
MOFT
Neutral
Charter downgraded to Neutral from Buy at MoffettNathanson
10/11/16
10/11/16
DOWNGRADE
Target $305

Neutral
Charter downgraded to Neutral on valuation at MoffettNathanson
As previously reported, MoffettNathanson downgraded Charter to Neutral from Buy. Analyst Craig Moffett said share have risen sharply year-to-date, along with consensus estimates, and views shares as fairly valued. .
10/11/16
10/11/16
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. Comerica (CMA) downgraded to Market Perform from Outperform at FBR Capital with analyst Bob Ramsey citing valuation following the recent strength in the shares. 2. Charter downgraded to Neutral from Buy at MoffettNathanson with analyst Craig Moffett saying shares have risen sharply year-to-date, along with consensus estimates, and views shares as fairly valued. 3. BHP Billiton (BHP) downgraded to Neutral from Buy at UBS with the firm citing its expectations for lower iron ore and coal prices over the next six months. 4. Illumina (ILMN) downgraded to Sell from Neutral at Janney Capital and to Neutral from Buy at Citi. 5. KBR (KBR) downgraded to Sell from Neutral at Goldman with analyst Jerry Revich citing limited growth prospects due to outsized exposure to core LNG and greenfield ammonia capex cycles that are in the early stages of decline. 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

CREE

Cree

$36.69

0.4 (1.10%)

12:58
01/23/18
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12:58
Downgrade
Cree rating change  »

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  • 23

    Jan

CREE

Cree

$36.69

0.4 (1.10%)

12:54
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12:54
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Cree rating change  »

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PUBGY

Publicis

$17.85

0.03 (0.17%)

12:50
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MRK

Merck

$61.67

0.42 (0.69%)

12:50
01/23/18
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12:50
Options
Call buyers in Merck as shares move higher »

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    Oct

12:50
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General news
U.S. corporate bond update: the slate is thin with just a couple of issues »

U.S. corporate bond…

BCS

Barclays

$11.68

-0.06 (-0.51%)

12:46
01/23/18
01/23
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12:46
Periodicals
Ex-Barclays banker recorded saying he destroyed key report, Bloomberg says »

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VZ

Verizon

$53.29

-0.16 (-0.30%)

12:43
01/23/18
01/23
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12:43
Hot Stocks
Verizon giving 50 shares to employees following tax reform »

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CBOE

Cboe Global Markets

$134.56

0.68 (0.51%)

12:42
01/23/18
01/23
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12:42
Hot Stocks
Cboe Global Markets recognized in Hong Kong as approved stock exchange »

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  • 09

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RIG

Transocean

$11.68

-0.25 (-2.10%)

12:40
01/23/18
01/23
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12:40
Options
Rolling action in Transocean calls »

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GPRO

GoPro

$6.30

0.01 (0.16%)

, JPM

JPMorgan

$114.46

0.13 (0.11%)

12:35
01/23/18
01/23
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12:35
Hot Stocks
GoPro falls after Morgan Stanley downgrade cites limited strategic value »

Shares of GoPro (GPRO)…

GPRO

GoPro

$6.30

0.01 (0.16%)

JPM

JPMorgan

$114.46

0.13 (0.11%)

03/08/13
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MET

MetLife

$53.56

-0.29 (-0.54%)

12:31
01/23/18
01/23
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12:31
Hot Stocks
MetLife issues statement on court decision to dismiss appeal in SIFI litigation »

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CVE

Cenovus Energy

$10.43

0.04 (0.38%)

12:30
01/23/18
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12:30
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12:30
Options
Call buyers in Cenovus Energy as shares tick higher »

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UTX

United Technologies

$135.52

0.31 (0.23%)

12:28
01/23/18
01/23
12:28
01/23/18
12:28
Technical Analysis
Technical Earnings Preview: United Technologies in uptrend before news »

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  • 24

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AGN

Allergan

$187.32

-0.83 (-0.44%)

12:25
01/23/18
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12:25
Options
Allergan call volume above normal and directionally bullish »

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12:25
01/23/18
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Conference/Events
Leerink healthcare services analysts hold an analyst/industry conference call »

Healthcare Services…

VZ

Verizon

$53.23

-0.235 (-0.44%)

12:22
01/23/18
01/23
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12:22
Periodicals
Verizon giving employees 50 shares of restricted stock, CNBC reports »

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CHFN

Charter Financial

$18.13

-0.12 (-0.66%)

12:21
01/23/18
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Charter Financial raises quarterly dividend to 8c per share from 5c »

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FOX

21st Century Fox

$36.96

0.7 (1.93%)

, FOXA

21st Century Fox

$37.31

0.66 (1.80%)

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Hot Stocks
21st Century Fox 'welcomes' part of CMA finding, 'disappointed' about plurality »

21st Century Fox (FOXA)…

FOX

21st Century Fox

$36.96

0.7 (1.93%)

FOXA

21st Century Fox

$37.31

0.66 (1.80%)

SKYAY

Sky

$55.97

0.72 (1.30%)

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  • 07

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$NSD

NASDAQ Market Internals

12:17
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Technical Analysis
NASDAQ market internals summary »

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NFLX

Netflix

$227.58

7.12 (3.23%)

, AMZN

Amazon.com

$1,327.31

32.73 (2.53%)

12:16
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Hot Stocks
Netflix's 'Mudbound' gets four Oscar noms, Amazon's 'The Big Sick' gets nod »

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NFLX

Netflix

$227.58

7.12 (3.23%)

AMZN

Amazon.com

$1,327.31

32.73 (2.53%)

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$NYE

NYSE Market Internals

12:16
01/23/18
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Technical Analysis
NYSE market internals summary »

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HPE

HP Enterprise

$16.46

0.41 (2.55%)

12:15
01/23/18
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12:15
Options
Hewlett Packard Enterprise put volume heavy and directionally bearish »

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  • 01

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NFLX

Netflix

$227.58

7.12 (3.23%)

, TRV

Travelers

$145.27

5.92 (4.25%)

12:10
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General news
On The Fly: Top stock stories at midday »

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NFLX

Netflix

$227.58

7.12 (3.23%)

TRV

Travelers

$145.27

5.92 (4.25%)

VZ

Verizon

$53.31

-0.15 (-0.28%)

JNJ

Johnson & Johnson

$143.58

-4.565 (-3.08%)

PG

Procter & Gamble

$89.11

-2.78 (-3.03%)

TSLA

Tesla

$351.56

1.54 (0.44%)

RMD

ResMed

$103.82

16.306 (18.63%)

WHR

Whirlpool

$171.12

4.47 (2.68%)

TWTR

Twitter

$22.96

-0.36 (-1.54%)

INSM

Insmed

$30.86

1.58 (5.40%)

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UAL

United Continental

$76.96

0.09 (0.12%)

12:07
01/23/18
01/23
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12:07
Technical Analysis
Technical Earnings Preview: United Continental has a potential bullish pattern »

Heading into earnings…

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RHHBY

Roche

$30.79

0.1 (0.33%)

12:05
01/23/18
01/23
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Hot Stocks
Roche subsidiary treatment of gastric cancer granted FDA orphan status »

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