Breaking News Instant updates and real-time market news.

TIME

Time Inc.

$17.50

-0.05 (-0.28%)

, MDP

Meredith

$58.85

-0.05 (-0.08%)

06:32
12/22/16
12/22
06:32
12/22/16
06:32

Citi sees sale as most likely option for Time Inc.

Citi analyst Jason Bazinet believes a company sale is the most likely option for Time Inc. (TIME). He raised his price target for the shares to $20 from $17 and keeps a Buy rating on the name. Meredith (MDP) is the most likely bidder for Time, the analyst tells investors in a research note. He sees upside of $23 per share for Time, which assumes a sale following a turnaround, and potential downside of $14, which assumes no sale and no turnaround.

TIME

Time Inc.

$17.50

-0.05 (-0.28%)

MDP

Meredith

$58.85

-0.05 (-0.08%)

TIME Time Inc.
$17.50

-0.05 (-0.28%)

05/19/16
MACQ
05/19/16
UPGRADE
MACQ
Outperform
Time Inc. upgraded to Outperform from Neutral at Macquarie
05/19/16
05/19/16
UPGRADE

Outperform
Time Inc. upgraded to Outperform at Macquarie
As previously reported, Macquarie upgraded Time Inc to Outperform from Neutral. The firm's analyst believes Time will see a dramatic turnaround in earnings and cash flow beginning in the second half of this year following heavy cost cutting and investments in content.
05/19/16
05/19/16
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. Wells Fargo analyst Craig Bijou upgraded Mazor Robotics (MZOR) to Outperform, saying the stock has more appreciation potential after yesterday's rally on its commercial agreement with Medtronic (MDT). The partnership "provides a strong endorsement" of Mazor's next-generation technology, Bijou told investors. 2. Macquarie upgraded Time Inc. (TIME) to Outperform from Neutral, as the firm's analyst believes Time will see a dramatic turnaround in earnings and cash flow beginning in the second half of this year following heavy cost cutting and investments in content. 3. RBC Capital analyst Robert Stallard upgraded L-3 Communications (LLL) to Outperform and increased his price target to $150 from $137. Following management meetings, the analyst has increased confidence L-3 is on track to achieve its long-term operating margin goals and improved execution. 4. Halliburton (HAL) upgraded to Buy from Neutral at Griffen Securities. 5. Credit Suisse (CS) upgraded to Buy from Neutral at UBS. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/28/16
WELS
11/28/16
NO CHANGE
WELS
Market Perform
Time Inc. board could be estimating value at $23 per share, says Wells Fargo
Wells Fargo analyst Eric Katz said that if Time Inc.'s board "truly believes" that $300M in free cash flow is achievable in the next 3-5 years, than he "can understand" why they rejected the reported offer of $18 per share from Edgar Bronfman Jr. and Leonard Blavatnik, as that FCF equates to $23 in equity value per share with an OIBDA multiple of 6x, which he said "doesn't sound like a particularly aggressive multiple for a publisher." Katz wouldn't rule out other PE bidders and "wouldn't be shocked" if other industry players got involved, though he keeps a Market Perform rating on Time Inc. shares, noting that finding buyers for brands, or being willing to shut down brands, "may be easier said than done" by any potential buyer.
MDP Meredith
$58.85

-0.05 (-0.08%)

01/28/16
WELS
01/28/16
NO CHANGE
WELS
Meredith likely to be range bound for a few quarters, says Wells Fargo
After Meredith (MDP) and Media General (MEG) terminated their merger, Wells Fargo expects Meredith's stock to be range bound for a few quarters, since it believes that no M&A deals in the broadcast sector will take place until the spectrum auction is over 6-9 months from now. Wells says that Meredith's magazines business continues to weaken its results, and it keeps a Market Perform rating on the shares.
10/27/16
10/27/16
NO CHANGE

Meredith reports Q1 EPS 75c, consensus 72c
Reports Q1 revenue $400M, consensus $400.44M.

TODAY'S FREE FLY STORIES

ALGN

Align Technology

$178.46

0.49 (0.28%)

11:31
08/17/17
08/17
11:31
08/17/17
11:31
Recommendations
Align Technology analyst commentary  »

Straumann deals only…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Aug

TIME

Time Inc.

$13.00

0.05 (0.39%)

11:31
08/17/17
08/17
11:31
08/17/17
11:31
Hot Stocks
Time Inc. names Lori Leibovich editor-in-chief of Health, effective immediately »

Time Inc. appointed Lori…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Sep

11:28
08/17/17
08/17
11:28
08/17/17
11:28
General news
Van crashes into pedestrians in Barcelona's city center, CNBC reports »

According to the report,…

PRU

Prudential

$104.37

-0.84 (-0.80%)

11:27
08/17/17
08/17
11:27
08/17/17
11:27
Periodicals
Prudential looking to remove too big to fail label, Bloomberg reports »

Prudential is pushing the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Sep

DDAIF

Daimler AG

$71.07

0.08 (0.11%)

, BMWYY

BMW

$31.23

-0.146 (-0.47%)

11:25
08/17/17
08/17
11:25
08/17/17
11:25
Periodicals
Sixt CEO hints at car-sharing merger talks between BMW, Daimler, Reuters says »

Daimler (DDAIF) and BMW…

DDAIF

Daimler AG

$71.07

0.08 (0.11%)

BMWYY

BMW

$31.23

-0.146 (-0.47%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CRM

Salesforce

$91.84

-0.4 (-0.43%)

11:25
08/17/17
08/17
11:25
08/17/17
11:25
Options
Salesforce call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

  • 05

    Sep

11:20
08/17/17
08/17
11:20
08/17/17
11:20
General news
Treasury announced a $72 B 3- and 6-month bill sale for Monday »

Treasury announced a $72…

$NSD

NASDAQ Market Internals

11:17
08/17/17
08/17
11:17
08/17/17
11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ADP

ADP

$111.10

-0.48 (-0.43%)

11:16
08/17/17
08/17
11:16
08/17/17
11:16
Hot Stocks
Pershing calls ADP's corporate structure 'bloated and complex' »

The activist says that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Aug

  • 11

    Sep

$NYE

NYSE Market Internals

11:16
08/17/17
08/17
11:16
08/17/17
11:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GFI

Gold Fields

$4.15

0.145 (3.63%)

11:15
08/17/17
08/17
11:15
08/17/17
11:15
Hot Stocks
Gold Fields jumps after saying Q2 production at South Deep up 61% »

In an update on projects…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CTL

CenturyLink

$20.05

-0.85 (-4.07%)

11:15
08/17/17
08/17
11:15
08/17/17
11:15
Options
CenturyLink put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PPG

PPG

$103.80

0.06 (0.06%)

11:12
08/17/17
08/17
11:12
08/17/17
11:12
Periodicals
Crews called to fire at Pennsylvania PPG plant, The Sentinel says »

Emergency crews responded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DERM

Dermira

$23.34

-0.24 (-1.02%)

11:12
08/17/17
08/17
11:12
08/17/17
11:12
Conference/Events
Dermira management to meet with Evercore ISI »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

VIPS

Vipshop

$10.37

-0.73 (-6.58%)

11:10
08/17/17
08/17
11:10
08/17/17
11:10
Downgrade
Vipshop rating change  »

Vipshop downgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Aug

ADP

ADP

$111.10

-0.48 (-0.43%)

11:10
08/17/17
08/17
11:10
08/17/17
11:10
Hot Stocks
Breaking Hot Stocks news story on ADP »

ADP drops 2.9% as…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Aug

  • 11

    Sep

BA

Boeing

$237.03

-0.5604 (-0.24%)

11:10
08/17/17
08/17
11:10
08/17/17
11:10
Hot Stocks
Boeing reports 14 new orders in weekly update »

Boeing on its website…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPX

S&P 500

11:09
08/17/17
08/17
11:09
08/17/17
11:09
Periodicals
White House says Cohn intends to remain in position, CNBC reports »

Eamon Javers of CNBC just…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

11:08
08/17/17
08/17
11:08
08/17/17
11:08
Periodicals
Breaking Periodicals news story  »

Gary Cohn 'intends…

MTB

M&T Bank

$157.36

-1.24 (-0.78%)

11:07
08/17/17
08/17
11:07
08/17/17
11:07
Conference/Events
M&T Bank management to meet with Evercore ISI »

Field trip to company…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Aug

GMED

Globus Medical

$31.09

1.855 (6.35%)

11:07
08/17/17
08/17
11:07
08/17/17
11:07
Recommendations
Globus Medical analyst commentary  »

Globus Medical news today…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Sep

  • 18

    Sep

  • 19

    Sep

  • 20

    Sep

LLY

Eli Lilly

$79.13

-1.565 (-1.94%)

11:05
08/17/17
08/17
11:05
08/17/17
11:05
Options
Eli Lilly call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Sep

  • 08

    Sep

  • 11

    Sep

11:05
08/17/17
08/17
11:05
08/17/17
11:05
General news
FX Action: USD-JPY »

FX Action: USD-JPY slid…

UBCP

United Bancorp

$11.55

-0.15 (-1.28%)

11:03
08/17/17
08/17
11:03
08/17/17
11:03
Hot Stocks
United Bancorp raises quarterly dividend 9.1% to 12c per share »

On August 16, the board…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

URI

United Rentals

$113.71

1.74 (1.55%)

, NEFF

Neff

$24.80

0.25 (1.02%)

10:55
08/17/17
08/17
10:55
08/17/17
10:55
Hot Stocks
United Rentals climbs following acqusition agreement with Neff »

Shares of United Rentals…

URI

United Rentals

$113.71

1.74 (1.55%)

NEFF

Neff

$24.80

0.25 (1.02%)

HEES

H&E Equipment

$21.29

0.2 (0.95%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.