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DISCA

Discovery

$25.18

0.07 (0.28%)

, LGF.A

Lionsgate

$24.86

0.17 (0.69%)

07:15
05/19/17
05/19
07:15
05/19/17
07:15

Discovery likely to make deal, says RBC Capital

As the situation deteriorates for media companies due to accelerating cord cutting and weak ad trends, RBC Capital analyst Steven Cahall thinks that companies in the sector will look to consolidate. He thinks that Discovery (DISCA) will likely look to combine with either Lionsgate (LGF.A,LGF.B) or Charter (CHTR) and could look to combine with Scripps Networks (SNI).

DISCA

Discovery

$25.18

0.07 (0.28%)

LGF.A

Lionsgate

$24.86

0.17 (0.69%)

LGF.B

Lionsgate

$22.72

0.12 (0.53%)

SNI

Scripps Networks

$66.62

0.12 (0.18%)

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    May

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    Jun

DISCA Discovery
$25.18

0.07 (0.28%)

02/15/17
MKMP
02/15/17
NO CHANGE
Target $27
MKMP
Neutral
Discovery's 2017 outlook shows lingering issues, says MKM Partners
MKM Partners analyst Eric Handler maintains his cautious view on Discovery following lackluster Q4 results and underwhelming 2017 guidance. The analyst lowered his adjusted OIBDA projection to reflect ongoing issues, including sports programming and OTT investments as well as domestic ratings declines and maintains a Neutral rating on shares.
02/22/17
LOOP
02/22/17
DOWNGRADE
LOOP
Hold
Discovery downgraded to Hold from Buy at Loop Capital
Loop Capital analyst David Miller downgraded Discovery Communications to Hold citing valuation with the stock within 5% of his $31 price target. The prospect of a dividend is now built into the shares, Miller tells investors in a research note.
04/20/17
SBSH
04/20/17
UPGRADE
Target $30
SBSH
Neutral
Discovery upgraded to Neutral from Sell at Citi
Citi analyst Jason Bazinet upgraded Discovery Communications to Neutral saying he sees little chance of material downward revisions to consensus earnings estimates. The analyst views the risk/reward as more balanced at current levels and upped his price target for the shares to $30 from $27.
04/20/17
04/20/17
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. Starbucks (SBUX) upgraded to Buy from Hold at Stifel with analyst Mark Astrachan saying he views valuation as attractive and expects multiple expansion from accelerating U.S. comparable store sales growth to at least 5%-6% for the next four quarters starting in the June quarter. The analyst said shares have underperformed consumer and restaurant peers over the past 12 months and expects outperformance to be driven by meeting comp expectations. 2. Goldman Sachs (GS) upgraded to Overweight from Neutral at Atlantic Equities with analyst Christopher Wheeler telling investors investors shares are "oversold." The analyst expects the FICC business to bounce back and made just a small reduction in estimates to account for further cost measures. 3. Lear (LEA) upgraded to Outperform from Neutral at Baird with analyst David Leiker citing its recent underperformance despite improving fundamentals and a strong global auto backdrop. Leiker raised his price target to $161 from $160 on Lear shares. 4. Discovery (DISCA) upgraded to Neutral from Sell at Citi with analyst Jason Bazinet saying he sees little chance of material downward revisions to consensus earnings estimates. The analyst views the risk/reward as more balanced at current levels and upped his price target for the shares to $30 from $27. 5. Gap (GPS) upgraded to Neutral from Underweight at JPMorgan with analyst Matthew Boss citing the underperformance of the shares over the past 18 months and his fieldwork which suggests stability at Old Navy. The analyst raised his price target for the shares to $24 from $21. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LGF.A Lionsgate
$24.86

0.17 (0.69%)

03/30/17
RHCO
03/30/17
INITIATION
Target $28
RHCO
Hold
Lionsgate initiated with a Hold at SunTrust
SunTrust initiated Lionsgate with a Hold and a $28 price target.
04/04/17
ADAM
04/04/17
INITIATION
Target $30
ADAM
Buy
Lionsgate initiated with a Buy at Canaccord
Canaccord analyst Sharath Toopran initiated Lionsgate with a Buy rating citing its track record of delivering successful motion picture franchises and platform-defining television content. He believes the company is well positioned to leverage some of the primary industry trends, including a rising demand for video content, new digital platforms, and a robust premium television market. Toopran has a $30 price target on Lionsgate shares.
04/04/17
04/04/17
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. Snap (SNAP) initiated with a Neutral due to valuation at BTIG. 2. HP Enterprise (HPE) initiated with a Hold at Berenberg. 3. Hasbro (HAS) initiated with a Neutral at B. Riley. 4. Lionsgate (LGF.A, LGF.B) initiated with a Buy at Canaccord. 5. Vistra Energy (VSTE) initiated with a Peer Perform at Wolfe Research. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/04/17
RSBL
04/04/17
INITIATION
Target $32
RSBL
Buy
Lionsgate initiated with a Buy at Rosenblatt
Rosenblatt started Lionsgate with a Buy rating and $32 price target.
LGF.B Lionsgate
$22.72

0.12 (0.53%)

SNI Scripps Networks
$66.62

0.12 (0.18%)

02/22/17
STFL
02/22/17
NO CHANGE
STFL
Scripps Networks reported 'strong' Q4 results, says Stifel
Stifel analyst Benjamin Mogil says that Scripps reported "strong" Q4 results. He says that the company is benefiting from strong ratings and its limited number of channels which are easier to manage in the "skinny" bundle environment. Mogil raised his price target on the shares to $90 from $75 and keeps a Buy rating on the stock.
02/22/17
NEED
02/22/17
NO CHANGE
Target $90
NEED
Buy
Scripps Networks price target raised to $90 from $82 at Needham
Needham analyst Laura Martin raised her price target for Scripps Networks to $90 from $82 following quarterly results. She reiterates a Buy rating on the shares.
05/05/17
JPMS
05/05/17
UPGRADE
Target $83
JPMS
Overweight
Scripps Networks upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Alexia Quadrani upgraded Scripps Networks Interactive to Overweight citing the 10% pullback in the shares over the past month. The analyst notes Scripps offered "strong commentary" on ad revenue and is now included in Hulu Live. She keeps an $83 price target for the shares.
05/05/17
05/05/17
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. Zynga (ZNGA) upgraded to Neutral from Underperform at BofA/Merrill with analyst Justin Post citing stronger engagement that is driving bookings growth. 2. Hess Corp. (HES) upgraded to Outperform from Market Perform at Wells Fargo citing what it sees as Hess' "growth potential, strong operating cost performance, balance sheet strength, exploration upside and current discounted valuation." Wells expects the company to grow at a compound annual rate of 4.9% through 2019. 3. CF Industries (CF) upgraded to Buy from Neutral at UBS with analyst John Roberts saying the stock is a top pick on the eventual agricultural recovery. Limited nitrogen capacity coming post 2017 and the dividend yield position the stock for upside, Roberts tells investors in a research note. The analyst keeps a $33 price target for the shares. 4. TreeHouse (THS) upgraded to Overweight from Equal Weight at Stephens. 5. Scripps Networks (SNI) upgraded to Overweight from Neutral at JPMorgan with analyst Alexia Quadrani citing the 10% pullback in the shares over the past month. The analyst notes Scripps offered "strong commentary" on ad revenue and is now included in Hulu Live. She keeps an $83 price target for the shares. 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

MRK

Merck

$63.73

-0.02 (-0.03%)

12:07
10/20/17
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Merck to cut 1,800 jobs in sales reorganization, FiercePharma reports »

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AAPL

Apple

$155.98

-3.78 (-2.37%)

12:05
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10/20
12:05
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12:05
Periodicals
Apple's Ahrendts: Company will not upsell customers to iPhone X, CNBC says »

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HAL

Halliburton

$43.45

0.03 (0.07%)

, VFC

VF Corp.

$66.70

1.35 (2.07%)

12:02
10/20/17
10/20
12:02
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12:02
Earnings
Notable companies reporting before Monday's open »

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HAL

Halliburton

$43.45

0.03 (0.07%)

VFC

VF Corp.

$66.70

1.35 (2.07%)

STT

State Street

$98.81

1.33 (1.36%)

STX

Seagate

$34.34

0.08 (0.23%)

SALT

Scorpio Bulkers

$8.15

0.4 (5.16%)

LOGI

Logitech

$36.61

-0.19 (-0.52%)

ITW

Illinois Tool Works

$153.94

0.46 (0.30%)

KMB

Kimberly-Clark

$113.03

-2.52 (-2.18%)

HAS

Hasbro

$96.67

-0.05 (-0.05%)

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AVP

Avon Products

$2.28

0.015 (0.66%)

12:00
10/20/17
10/20
12:00
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12:00
Options
Avon attracts call buying as shares edge off 52-week lows »

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12:00
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12:00
General news
Treasury Option Action: heavy put volumes »

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RCII

Rent-A-Center

$10.64

0.11 (1.04%)

11:55
10/20/17
10/20
11:55
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11:55
Options
Rent A Center put volume heavy and directionally bearish »

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11:50
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11:50
General news
NY Fed GDP forecasts trimmed: »

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CTL

CenturyLink

$18.82

0.33 (1.78%)

11:40
10/20/17
10/20
11:40
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11:40
Options
Serious call buying in CenturyLink »

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FB

Facebook

$174.56

-1.47 (-0.84%)

11:39
10/20/17
10/20
11:39
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11:39
Periodicals
New Facebook feature Sets to rival Pinterest, TechCrunch reports »

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SHW

Sherwin-Williams

$388.13

0.5634 (0.15%)

11:33
10/20/17
10/20
11:33
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11:33
Periodicals
Clearfield's Hilal pitches Sherwin-Williams as long idea, Bloomberg says »

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THFF

First Financial

$48.00

-0.05 (-0.10%)

11:30
10/20/17
10/20
11:30
10/20/17
11:30
Hot Stocks
First Financial declares special dividend of $1.50 per share »

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TLT

iShares 20+ Year Treasury Bond Fund

$125.31

0.22 (0.18%)

11:30
10/20/17
10/20
11:30
10/20/17
11:30
Options
iShares Longer-term Bond ETF with notable put activity as shares fall »

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SNAP

Snap

$15.36

0.11 (0.72%)

11:21
10/20/17
10/20
11:21
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Periodicals
Snap makes more employee cuts, plans to slow hiring in 2018, BI reports »

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S

Sprint

$7.00

-0.075 (-1.06%)

11:20
10/20/17
10/20
11:20
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11:20
Options
Defensive option play opened in Sprint »

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11:20
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11:20
General news
Treasury Action: 3-year note is special in repo and fails rose to record highs »

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HNHPF

Hon Hai Precision

$7.28

-0.21 (-2.80%)

, AAPL

Apple

$155.98

-3.78 (-2.37%)

11:19
10/20/17
10/20
11:19
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11:19
Periodicals
Foxconn chairman, Apple CEO intend to meet in Taiwan this month, Nikkei says »

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HNHPF

Hon Hai Precision

$7.28

-0.21 (-2.80%)

AAPL

Apple

$155.98

-3.78 (-2.37%)

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FDC

First Data

$18.96

0.505 (2.74%)

11:18
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11:18
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11:18
Upgrade
First Data rating change  »

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$NSD

NASDAQ Market Internals

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

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$NYE

NYSE Market Internals

11:16
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10/20
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11:16
Technical Analysis
NYSE market internals summary »

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IBDRY

Iberdrola

$31.72

0.165 (0.52%)

, SIEGY

Siemens

$69.58

-0.295 (-0.42%)

11:11
10/20/17
10/20
11:11
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11:11
Periodicals
Iberdrola calls for change at Siemens Gamesa after profit warning, Reuters says »

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IBDRY

Iberdrola

$31.72

0.165 (0.52%)

SIEGY

Siemens

$69.58

-0.295 (-0.42%)

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SE

Sea Limited

11:11
10/20/17
10/20
11:11
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11:11
Syndicate
Breaking Syndicate news story on Sea Limited »

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  • 20

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SE

Sea Limited

11:10
10/20/17
10/20
11:10
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11:10
Syndicate
Breaking Syndicate news story on Sea Limited »

Sea Limited indicated to…

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  • 20

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XLF

Financial Select Sector

$26.55

0.22 (0.84%)

11:10
10/20/17
10/20
11:10
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11:10
Options
SPDR Financial calls outpace puts 13:1 as shares reach multi-year highs »

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REDU

RISE Education Cayman

11:03
10/20/17
10/20
11:03
10/20/17
11:03
Syndicate
Breaking Syndicate news story on RISE Education Cayman »

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AEG

AEGON

$5.84

-0.06 (-1.02%)

11:00
10/20/17
10/20
11:00
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11:00
Periodicals
ASR rebuffs Aegon takeover approach, Reuters says »

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