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VIA

Viacom

$41.00

-0.9 (-2.15%)

, VIAB

Viacom

$36.79

-0.85 (-2.26%)

10:20
11/29/16
11/29
10:20
11/29/16
10:20

Viacom hoping for CBS to make bid, CNBC reports

Viacom (VIA, VIAB) is waiting for CBS (CBS, CBS.A) to make an acquisition bid following a presentation Viacom gave to CBS last Wednesday, CNBC reports, citing sources. Viacom went over its company strategy and shared performance details during the presentation, hoping to obtain a bid premium from CBS, the report noted. Reference Link

VIA

Viacom

$41.00

-0.9 (-2.15%)

VIAB

Viacom

$36.79

-0.85 (-2.26%)

CBS

CBS

$60.95

0.46 (0.76%)

CBS.A

  • 05

    Dec

VIA Viacom
$41.00

-0.9 (-2.15%)

10/20/16
BMUR
10/20/16
NO CHANGE
Target $65
BMUR
Buy
CBS extraordinarily well positioned, says Brean Capital
Brean Capital analyst Alan Gould said CBS (CBS) is extraordinarily well positioned with two core networks, predictable retrans/reverse comp driving growth and only modest programming expense increases as its key sports contracts are locked in. Gould believes CBS would only combine with Viacom (VIA) if it was financially favorable to CBS shareholders and management. Gould reiterated his Buy rating and $65 price target on CBS shares.
11/14/16
BMUR
11/14/16
DOWNGRADE
BMUR
Hold
Viacom downgraded to Hold from Buy at Brean Capital
Brean Capital analyst Alan Gould downgraded Viacom (VIAB) to Hold with a fair value estimate for shares of $40. The analyst questions the "true synergies" between Viacom and CBS (CBS) and believes combining the two companies does not maximize value. Viacom closed Friday up 41c to $38.42.
11/15/16
11/15/16
DOWNGRADE
Target $44

Market Perform
Viacom downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Barton Crockett downgraded Viacom (VIAB) to Market Perform saying he sees a better risk/reward in CBS (CBS) until the "merger noise is cleared." The analyst lowered his price target for Viacom shares to $44 from $56.
11/23/16
BMOC
11/23/16
DOWNGRADE
BMOC
Market Perform
CBS downgraded on valuation, deal outlook at BMO Capital
As noted earlier, BMO Capital downgraded CBS (CBS) to Market Perform from Outperform. Analyst Daniel Salmon downgraded the stock based on valuation and his belief that the shares will soon begin to trade based on a potential deal with Viacom (VIA, VIAB). Target $63.
VIAB Viacom
$36.79

-0.85 (-2.26%)

11/14/16
11/14/16
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. AB InBev (BUD) downgraded to Hold from Buy at HSBC with analyst Anthony Bucalo citing business pressures in the U.S. and Brazil as well as uncertainty post the U.S. election. 2. Abercrombie (ANF) and American Eagle (AEO) downgraded to Peer Perform from Outperform at Wolfe Research. 3. Capital One (COF) downgraded to Hold from Buy at Stifel with analyst Christopher Brendler saying he believes that the stock has become less attractive following its recent rally, and he thinks that changes made by the Trump Administration won't be felt by the company "for years." 4. SeaWorld (SEAS) downgraded to Neutral from Buy at Citi with analyst Jason Bazinet saying the risk/reward is no longer compelling following the recent bounce in the shares. 5. Viacom (VIAB) downgraded to Hold from Buy at Brean Capital with analyst Alan Gould questioning the "true synergies" between Viacom and CBS (CBS) and believes combining the two companies does not maximize value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CBS CBS
$60.95

0.46 (0.76%)

11/23/16
BMOC
11/23/16
DOWNGRADE
BMOC
Market Perform
CBS downgraded to Market Perform from Outperform at BMO Capital
11/23/16
11/23/16
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. CBS (CBS) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Salmon citing valuation and his belief that the shares will soon begin to trade based on a potential deal with Viacom (VIA, VIAB). 2. Abercrombie & Fitch (ANF) downgraded to Sell from Hold at Deutsche Bank with analyst Tiffany Kanaga saying the Abercrombie brand turnaround is yet to gain traction. 3. Twitter (TWTR) downgraded to Negative from Mixed at OTR Global. 4. HP Inc. (HPQ) downgraded to Hold from Buy at Jefferies with analyst James Kisner citing valuation and secular challenges for the downgrade. 5. First Solar (FSLR) downgraded to Neutral from Outperform at Macquarie with analyst Gurpreet Gujral citing a lack of catalysts after the company canceled the Series 5 product that was originally scheduled to launch in 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CBS.A

03/09/16
03/09/16
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. Casey's General Stores (CASY) upgraded to Outperform and Strong Buy at RBC Capital and Feltl, respectively, with analysts citing valuation and long-terms earnings growth. RBC Capital analyst Irene Nattel expects a re-acceleration of FY17 unit growth driven by new store construction and strategic initiatives to result in a recovery in the multiple, consistent with peers. 2. CBS (CBS) upgraded to Outperform at Wells Fargo by analyst Marci Ryvicker, who said there is a lot more clarity on the company's core business than when she originally downgraded the shares last August. The analyst also cites strong ad trends, Nielsen's more accurate measurement system, the company's NFL deal and better monetization of Showtime. 3. Bitauto (BITA) upgraded to Outperform at Credit Suisse with analyst Evan Zhou saying that the company is making progress in auto transaction services with an improving margin profile. 4. FireEye (FEYE) upgraded to Overweight at Piper Jaffray by analyst Andrew Nowinski, who said the company's transition to an as-a-service model will be successful. Nowinski adds that FireEye is expected to reach profitability in the second half of 2017. 5. CRH (CRH) upgraded to Buy at Jefferies citing an improving outlook for most of the company's key markets. 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

KBR

KBR

$18.85

0.23 (1.24%)

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CRM

Salesforce

$108.80

1.43 (1.33%)

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GG

Goldcorp

$13.23

-0.05 (-0.38%)

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TRNO

Terreno Realty

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0.74 (2.00%)

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PAAS

Pan American Silver

$15.20

0.22 (1.47%)

05:42
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    Dec

CBRL

Cracker Barrel

$150.79

-6.41 (-4.08%)

05:41
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VIPS

Vipshop

$8.22

-1.03 (-11.14%)

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NJR

New Jersey Resources

$43.80

-0.5 (-1.13%)

05:35
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11/22
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New Jersey Resources rating change  »

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PBPB

Potbelly

$12.15

-0.15 (-1.22%)

05:31
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CRM

Salesforce

$108.80

1.43 (1.33%)

05:29
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  • 27

    Nov

YNDX

Yandex

$34.28

0.57 (1.69%)

05:28
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MNK

Mallinckrodt

$21.39

-0.42 (-1.93%)

05:26
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  • 14

    Dec

05:25
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General news
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SIG

Signet Jewelers

$52.79

-23.05 (-30.39%)

05:22
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  • 07

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AXTA

Axalta Coating

$33.87

0.33 (0.98%)

05:19
11/22/17
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AXTA

Axalta Coating

$33.87

0.33 (0.98%)

, AKZOY

AkzoNobel

$30.57

0.085 (0.28%)

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AXTA

Axalta Coating

$33.87

0.33 (0.98%)

AKZOY

AkzoNobel

$30.57

0.085 (0.28%)

03/08/13
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RLOG

Rand Logistics

$0.59

0.016 (2.80%)

05:15
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SGMS

Scientific Games

$52.20

-0.3 (-0.57%)

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ADI

Analog Devices

$90.19

-2.88 (-3.09%)

05:12
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  • 09

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TEDU

Tarena

$13.36

-2.53 (-15.92%)

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HPQ

HP Inc.

$22.46

0.34 (1.54%)

05:07
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CRM

Salesforce

$108.80

1.43 (1.33%)

05:05
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  • 27

    Nov

AXTA

Axalta Coating

$33.87

0.33 (0.98%)

, AKZOY

AkzoNobel

$30.57

0.085 (0.28%)

05:03
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11/22
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05:03
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Axalta remains potential…

AXTA

Axalta Coating

$33.87

0.33 (0.98%)

AKZOY

AkzoNobel

$30.57

0.085 (0.28%)

BRK.A

Berkshire Hathaway

$275,000.00

2995 (1.10%)

BRK.B

Berkshire Hathaway

$183.18

1.55 (0.85%)

03/08/13
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CRM

Salesforce

$108.80

1.43 (1.33%)

04:57
11/22/17
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  • 27

    Nov

04:55
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Week of 11/17 MBA…

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