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AMD

AMD

$6.49

-0.13 (-1.96%)

, BABA

Alibaba

$102.15

-1.47 (-1.42%)

04:48
10/14/16
10/14
04:48
10/14/16
04:48

AMD collaborates with Alibaba on cloud computing technologies

At the Alibaba Computing Conference, AMD (AMD) President and CEO Dr. Lisa Su joined Simon Hu, president of Alibaba Cloud, the cloud computing arm of Alibaba Group (BABA), to announce a collaboration between the two companies to strengthen research and cooperation related to the use of AMD Radeon Pro GPU technology in Alibaba Cloud's global datacenters. Through the partnership, Alibaba Cloud plans to use AMD technology to help expand its cloud computing offerings and accelerate adoption of its cloud-based services.

AMD

AMD

$6.49

-0.13 (-1.96%)

BABA

Alibaba

$102.15

-1.47 (-1.42%)

  • 20

    Oct

  • 08

    Nov

  • 09

    Nov

  • 14

    Nov

AMD AMD
$6.49

-0.13 (-1.96%)

10/07/16
LEHM
10/07/16
INITIATION
Target $7
LEHM
Equal Weight
AMD initiated with an Equal Weight at Barclays
Barclays analyst Blayne Curtis started AMD with an Equal Weight rating and $7 price target. The company's transformation remains in the early stages and "still faces an uphill battle to recapture meaningful share and achieve sustained profitability," Curtis tells investors in a research note.
10/07/16
10/07/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zillow (ZG, Z) initiated with a Buy at Needham. 2. AMD (AMD) initiated with an Equal Weight at Barclays. 3. Aflac (AFL) was initiated with an Underperform at Credit Suisse while the firm also initiated Prudential (PRU) and Assurant (AIZ) with a Neutral. 4. Fifth Third (FITB) initiated with a Neutral at Wedbush. 5. GW Pharmaceuticals (GWPH) initiated with a Buy at Goldman. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/16
FBCO
10/12/16
UPGRADE
Target $7
FBCO
Neutral
AMD upgraded to Neutral from Underperform at Credit Suisse
Credit Suisse analyst John Pitzer upgraded AMD to Neutral and raised its price target to $7 from $5.50 saying near-term momentum will continue to offset longer-term concerns around lack of scale. The analyst sees catalysts from conservative Q3/Q4 guidance, recent funding that significantly improved the balance sheet and liquidity, flexibility from the renegotiation of WSA, the Zen product launch in 2017, and potential monetization of its valuable IP.
10/12/16
10/12/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) upgraded to Positive from Negative at OTR Global with the firm saying its checks indicate iPhone 7 launch orders are above last year's model launch, with fourth quarter order gains and stable inventories. 2. Procter & Gamble (PG) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's plans to accelerate Research & Development and advertising spending, as well as recent positive earnings surprises. 3. Barracuda (CUDA) upgraded to Overweight from Neutral at Piper Jaffray with analyst Andrew Nowinski saying the company reported "another strong quarter" and its transition to a subscription-based cloud portfolio is nearly complete. 4. AMD (AMD) upgraded to Neutral from Underperform at Credit Suisse with analyst John Pitzer saying near-term momentum will continue to offset longer-term concerns around lack of scale. 5. Motorola Solutions (MSI) upgraded to Outperform from Market Perform at BMO Capital with analyst Tim Long saying he expects organic revenue growth to return later this year and sees the company's investment in smart public safety software to help expansion beyond hardware. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BABA Alibaba
$102.15

-1.47 (-1.42%)

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.
09/29/16
DBAB
09/29/16
NO CHANGE
Target $138
DBAB
Buy
Alibaba price target raised to $138 from $109 at Deutsche Bank
Deutsche Bank analyst Alan Hellawell raised his price target for Alibaba to $138 saying his firm's recent payments survey in China reveals Alipay ranks as the "clear #1" online payment method. Alipay has an "unrivalled" 40.8% of all online transactions, and 37.4% of O2O consumption, Hellawell tells investors in a research note. The survey respondents also revealed greater intentions to expand use of Alipay over other alternatives, the analyst adds. He keeps a Buy rating on shares of Alibaba.
09/29/16
MKMP
09/29/16
NO CHANGE
Target $130
MKMP
Buy
Alibaba soft third party tracking data a buying opportunity, says MKM Partners
MKM Partners said the 2% pullback in Alibaba shares this morning is being attributed to soft third party tracking data. The firm's analyst notes tracking data would not would not capture monetization improvement which has been the upside driver for revenue growth acceleration. MKM Partners rates Alibaba a Buy with a $130 price target.
10/11/16
EVER
10/11/16
NO CHANGE
Target $125
EVER
Buy
Alibaba price target raised to $125 from $115 at Evercore ISI
Evercore ISI analyst Ken Sena raised Alibaba's price target to $125 due to favorable near-term macro data and steps the company has is taking into audience and logistics as fueling long-term continued growth. The analyst rates Alibaba a Buy.

TODAY'S FREE FLY STORIES

CSGP

CoStar Group

$319.06

-2.96 (-0.92%)

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  • 26

    Feb

SQM

SQM

$58.59

-4.14 (-6.60%)

08:12
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Upgrade
SQM rating change  »

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DB

Deutsche Bank

$18.51

-0.19 (-1.02%)

08:12
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Periodicals
Deutsche Bank to shift fewer London jobs than expected, Reuters reports »

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  • 24

    Jan

F

Ford

$13.10

-0.13 (-0.98%)

08:11
01/17/18
01/17
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08:11
Technical Analysis
Technical Take: Ford down following update, FY17 and FY18 EPS view »

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  • 24

    Jan

VBIV

VBI Vaccines

$4.36

-0.1 (-2.24%)

08:10
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Hot Stocks
VBI Vaccines doses first patient in Phase 1/2a clinical study of VBI-1901 »

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DERM

Dermira

$26.96

-0.48 (-1.75%)

08:09
01/17/18
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Recommendations
Dermira analyst commentary  »

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  • 30

    Jun

LFUS

Littelfuse

$205.55

-0.9 (-0.44%)

, IXYS

IXYS

$23.05

-1.55 (-6.30%)

08:09
01/17/18
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08:09
Hot Stocks
Littelfuse completes acquisition of IXYS »

Littelfuse (LFUS)…

LFUS

Littelfuse

$205.55

-0.9 (-0.44%)

IXYS

IXYS

$23.05

-1.55 (-6.30%)

03/08/13
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  • 31

    Jan

DKS

Dick's Sporting

$32.33

-1 (-3.00%)

08:08
01/17/18
01/17
08:08
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08:08
Technical Analysis
Technical Take: Dick's Sporting higher in pre-market, analyst action »

At time of writing, the…

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08:08
01/17/18
01/17
08:08
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08:08
Conference/Events
Board of Governors of the Federal Reserve System holds a closed meeting »

The Board of Governors of…

MGP

MGM Growth

$29.50

0.96 (3.36%)

08:08
01/17/18
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Hot Stocks
VICI Properties rejects unsolicited proposal from MGM Growth »

VICI Properties confirmed…

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TEUM

Pareteum

$2.31

-0.07 (-2.94%)

08:08
01/17/18
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Hot Stocks
Pareteum awarded $3M contract to add mobility to South American data provider »

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CSOD

Cornerstone OnDemand

$38.94

-0.23 (-0.59%)

08:07
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Hot Stocks
Cornerstone OnDemand to separate chairman and CEO roles »

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  • 13

    Feb

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    Mar

ATVI

Activision Blizzard

$68.71

-1.65 (-2.35%)

, AMZN

Amazon.com

$1,304.86

-0.34 (-0.03%)

08:07
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Hot Stocks
Overwatch League opening week draws more than 10M viewers »

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ATVI

Activision Blizzard

$68.71

-1.65 (-2.35%)

AMZN

Amazon.com

$1,304.86

-0.34 (-0.03%)

NTES

NetEase

$322.08

-6.75 (-2.05%)

03/08/13
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KNX

Knight-Swift

$44.63

-0.37 (-0.82%)

08:07
01/17/18
01/17
08:07
01/17/18
08:07
Conference/Events
Knight-Swift management to meet with Deutsche Bank »

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  • 17

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MPLX

MPLX

$38.28

-0.5 (-1.29%)

08:07
01/17/18
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Hot Stocks
MPLX announces joint open season for Cushing-to-Patoka pipeline expansion »

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UNH

UnitedHealth

$232.90

4.26 (1.86%)

08:06
01/17/18
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Recommendations
UnitedHealth analyst commentary  »

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DE

Deere

$167.54

-1.76 (-1.04%)

08:06
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Recommendations
Deere analyst commentary  »

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  • 16

    Feb

RIOT

Riot Blockchain

$18.28

-3.6 (-16.45%)

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Riot Blockchain's Tess Pay signs agreement for Cresval Capital transaction »

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  • 01

    Feb

WAFD

Washington Federal

$35.60

-0.05 (-0.14%)

08:05
01/17/18
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08:05
Earnings
Washington Federal reports Q4 EPS 59c, consensus 51c »

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ICHR

Ichor Holdings

$25.60

0.86 (3.48%)

08:05
01/17/18
01/17
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08:05
Earnings
Ichor Holdings sees Q1 revenue $240M-$250M, consensus $208.35M »

For 1Q18, Ichor expects…

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  • 17

    Jan

OBE

Obsidian Energy

08:04
01/17/18
01/17
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08:04
Hot Stocks
FrontFour Capital voices concerns regarding Obsidian Energy »

FrontFour Capital Group,…

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HSBC

HSBC

$54.90

0.07 (0.13%)

08:04
01/17/18
01/17
08:04
01/17/18
08:04
Downgrade
HSBC rating change  »

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ICHR

Ichor Holdings

$25.60

0.86 (3.48%)

08:04
01/17/18
01/17
08:04
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08:04
Earnings
Ichor Holdings sees Q4 revenue $183M, consensus $181.17M »

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  • 17

    Jan

RGC

Regal Entertainment

$22.90

-0.07 (-0.30%)

08:03
01/17/18
01/17
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08:03
Downgrade
Regal Entertainment rating change  »

Regal Entertainment…

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GE

General Electric

$18.21

-0.55 (-2.93%)

08:03
01/17/18
01/17
08:03
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08:03
Hot Stocks
GE Transportation signs locomotive, service agreements valued at over $900M »

GE Transportation signed…

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  • 24

    Jan

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