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P

Pandora

$12.83

-0.34 (-2.58%)

06:44
10/17/16
10/17
06:44
10/17/16
06:44

Pandora downgraded to Underperform from Neutral at BofA/Merrill

BofA/Merrill analyst Nat Schindler downgraded Pandora to Underperform and lowered its price target to $9 from $14. The analyst believes Pandora's $4B revenue 2020 revenue goal will be difficult to achieve as the on-demand subscription streaming market has become increasingly competitive and the user base is fully penetrated. Schindler believes acquisition speculation has supported Pandora's valuation rather than fundamentals and lowered estimates to reflect reduced On-Demand services value given lower gross margin assumptions.

  • 25

    Oct

  • 25

    Oct

P Pandora
$12.83

-0.34 (-2.58%)

09/14/16
09/14/16
NO CHANGE

Pandora deal negative, says Pacific Crest
Pacific Crest analyst Andy Hargreaves says that Pandora's deals with music labels create a business model that "is fraught with a lack of limited control of content costs and a lack of incremental leverage on operating expenses." The analyst says that the agreement "cedes control of (Pandora's) content costs to the major labels," significantly reducing his confidence in the company's profitability going forward. He keeps an Underweight rating on the stock.
10/04/16
GSCO
10/04/16
UPGRADE
Target $19
GSCO
Conviction Buy
Pandora upgraded to Conviction Buy from Buy at Goldman
Goldman analyst Heath Terry added Pandora to the Conviction Buy List and raised his price target to $19 from $17. Terry sees sees significant upside to out-year estimates from premium radio and on-demand subscriptions. He expects competition to ease as new entrants slow and existing providers focus on profitability and limit "free" models.
10/04/16
10/04/16
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. CBS (CBS) upgraded to Buy from Sell at UBS with analyst Doug Mitchelson saying he sees any deal with Viacom (VIA) as priced into CBS shares already. He also has increased confidence in consensus estimates for CBS and sees further upside if the national TV ad market and CBS' ratings remain strong. 2. Pandora (P) upgraded to Conviction Buy from Buy at Goldman with analyst Heath Terry saying he sees significant upside to out-year estimates from premium radio and on-demand subscriptions. He expects competition to ease as new entrants slow and existing providers focus on profitability and limit "free" models. 3. Las Vegas Sands (LVS) upgraded to Buy from Neutral at BofA/Merrill with analyst Shaun Kelley saying shares remain fairly under-owned and thinks estimate revisions will move higher due to market momentum, better ROI for Parisian, Cotai infrastructure additions, and optionality from Japan and real estate. 4. KBR (KBR) upgraded to Buy from Hold at Deutsche Bank with analyst Chad Dillard saying yesterday's 10% post-guidance cut selloff is overdone and backward-looking. 5. West Marine (WMAR) upgraded to Buy from Neutral at B. Riley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/14/16
JPMS
10/14/16
NO CHANGE
Target $134
JPMS
Overweight
JPMorgan tweaks Alibaba, Netflix targets lower ahead of Q3 results
JPMorgan analyst Doug Anmuth lowered his price target for Alibaba (BABA) to $134 from $135 and his target for Netflix (NFLX) to $122 from $125 ahead of the Q3 reporting season. Both stocks remain Overweight rated. The analyst slightly lowered his estimates for Alibaba to reflect tougher inventory comps and increased investment spending. He remains positive on the company's overall monetization trends. On Netflix, Anmuth tweaked his 2017 average selling price forecast lower while increasing his investment spend estimate modestly. Within the Internet space, the analyst's top large-cap picks into the quarter are Alphabet (GOOGL), Facebook (FB) and Amazon.com (AMZN). Among small-caps, his top picks into earnings are Yelp (YELP), Pandora (P) and Match Group (MTCH).

TODAY'S FREE FLY STORIES

ED

Consolidated Edison

$78.74

-0.535 (-0.67%)

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SFTBF

SoftBank

$84.00

-0.425 (-0.50%)

14:43
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14:43
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SoftBank closes $1.2B deal to invest in Uber, TechCrunch says »

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FE

FirstEnergy

$29.73

-0.195 (-0.65%)

14:31
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01/18
14:31
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14:31
Conference/Events
FirstEnergy participates in a webcast with Wolfe Research »

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  • 22

    Jan

COG

Cabot Oil & Gas

$27.76

-0.225 (-0.80%)

14:30
01/18/18
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Options
Notable call buying in Cabot Oil and Gas »

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14:30
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General news
Canada manufacturing preview »

Canada manufacturing…

14:28
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Conference/Events
Wolfe Research airlines/A&D analyst holds an analyst/industry conference call »

Airlines and Aerospace…

IIIN

Insteel

$29.83

0.57 (1.95%)

14:27
01/18/18
01/18
14:27
01/18/18
14:27
Downgrade
Insteel rating change  »

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  • 18

    Jan

URI

United Rentals

$181.44

1.27 (0.70%)

14:25
01/18/18
01/18
14:25
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14:25
Options
United Rentals call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

    Jan

XLK

Technology Select Sector SPDR

$67.80

0.25 (0.37%)

, XLF

Financial Select Sector

$29.41

0.04 (0.14%)

14:17
01/18/18
01/18
14:17
01/18/18
14:17
Technical Analysis
Technical Take: S&P 500 turns positive, bullish intraday pattern active »

The S&P 500 (SPX) has…

XLK

Technology Select Sector SPDR

$67.80

0.25 (0.37%)

XLF

Financial Select Sector

$29.41

0.04 (0.14%)

XLE

Energy Select Sector SPDR

$76.83

-0.28 (-0.36%)

XLV

Health Care Select Sector SPDR

$87.91

-0.18 (-0.20%)

SPY

SPDR S&P 500 ETF Trust

$279.59

-0.02 (-0.01%)

SPX

S&P 500

03/08/13
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$NSD

NASDAQ Market Internals

14:17
01/18/18
01/18
14:17
01/18/18
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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$NYE

NYSE Market Internals

14:16
01/18/18
01/18
14:16
01/18/18
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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ADT

ADT Inc.

, APO

Apollo Global

$35.12

-0.3 (-0.85%)

14:14
01/18/18
01/18
14:14
01/18/18
14:14
Syndicate
ADT Inc. IPO likely to price below $17-$19 range, WSJ reports »

ADT's (ADT) initial…

ADT

ADT Inc.

APO

Apollo Global

$35.12

-0.3 (-0.85%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 01

    Feb

  • 19

    Jan

FB

Facebook

$177.60

-0.79 (-0.44%)

, AXP

American Express

$100.17

-0.59 (-0.59%)

14:12
01/18/18
01/18
14:12
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14:12
Hot Stocks
Facebook appoints American Expres CEO Chenault to board »

Facebook (FB) announced…

FB

Facebook

$177.60

-0.79 (-0.44%)

AXP

American Express

$100.17

-0.59 (-0.59%)

IBM

IBM

$169.03

0.38 (0.23%)

PG

Procter & Gamble

$90.28

-0.2304 (-0.25%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 18

    Jan

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    Jan

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    Jan

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    Jan

  • 31

    Jan

  • 07

    Feb

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    Feb

  • 28

    Feb

TTWO

Take-Two

$116.09

2.13 (1.87%)

14:05
01/18/18
01/18
14:05
01/18/18
14:05
Options
TakeTwo Interactive Software call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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  • 07

    Dec

MGNX

MacroGenics

$19.85

0.07 (0.35%)

14:01
01/18/18
01/18
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14:01
Hot Stocks
MacroGenics 'encouraged' by sudy of margetuximab plus pembrolizumab »

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  • 18

    Jan

13:55
01/18/18
01/18
13:55
01/18/18
13:55
Conference/Events
House Homeland Security Committee to hold a hearing »

The Transportation and…

QEP

QEP Resources

$10.93

-0.04 (-0.36%)

13:55
01/18/18
01/18
13:55
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13:55
Conference/Events
House Committee on Natural Resources to hold an oversight hearing »

The Subcommittee on…

03/08/13
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  • 18

    Jan

JAGX

Jaguar Health

$0.14

0.002 (1.43%)

13:53
01/18/18
01/18
13:53
01/18/18
13:53
Conference/Events
Jaguar Health to hold a conference call »

Management provides an…

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PTCT

PTC Therapeutics

$21.95

0.46 (2.14%)

13:51
01/18/18
01/18
13:51
01/18/18
13:51
Periodicals
PTC raised price of muscular-dystrophy drug by 9%, WSJ reports »

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MNTX

Manitex

$9.63

0.11 (1.16%)

13:48
01/18/18
01/18
13:48
01/18/18
13:48
Hot Stocks
Manitex announces $6.3M order for cranes »

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HMNY

Helios and Matheson

$7.73

-0.43 (-5.27%)

13:45
01/18/18
01/18
13:45
01/18/18
13:45
Options
Helios and Matheson call volume above normal and directionally bullish »

Bullish option flow…

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AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

13:41
01/18/18
01/18
13:41
01/18/18
13:41
Periodicals
Amazon sends team to Israel to determine market conditions, Globes reports »

Amazon sent a team to…

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  • 18

    Jan

  • 18

    Jan

  • 19

    Jan

  • 18

    Mar

DB

Deutsche Bank

$18.57

0.05 (0.27%)

13:33
01/18/18
01/18
13:33
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13:33
Periodicals
Cryan says Deutsche Bank in 'third phase' of turnaround, Bloomberg reports »

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  • 24

    Jan

FMC

FMC Corporation

$89.31

-4.55 (-4.85%)

, ALB

Albemarle

$117.89

-9.065 (-7.14%)

13:32
01/18/18
01/18
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Hot Stocks
Lithium producers get crushed after Chile regulator rules on SQM »

Shares of lithium…

FMC

FMC Corporation

$89.31

-4.55 (-4.85%)

ALB

Albemarle

$117.89

-9.065 (-7.14%)

SQM

SQM

$58.29

-1.26 (-2.12%)

TSLA

Tesla

$347.16

7.1 (2.09%)

F

Ford

$12.09

-0.09 (-0.74%)

TM

Toyota

$138.70

-2.02 (-1.44%)

03/08/13
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  • 24

    Jan

  • 13

    Feb

  • 28

    Feb

  • 07

    Mar

SLB

Schlumberger

$77.02

-0.195 (-0.25%)

13:31
01/18/18
01/18
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13:31
Technical Analysis
Technical Earnings Preview: Schlumberger has a potential bullish pattern »

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  • 19

    Jan

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