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FOX

21st Century Fox

$27.41

0.28 (1.03%)

, FOXA

21st Century Fox

$27.74

0.13 (0.47%)

09:24
06/16/17
06/16
09:24
06/16/17
09:24

Fox, Paramount form distribution partnership in Italy, Variety says

21st Century Fox's (FOX, FOXA) 21st Century Fox and Viacom's (VIA, VIAB) Paramount Pictures are partnering in Italy with Fox releasing Paramount titles beginning in September, Variety reports, citing a company statement. The deal will make Italy the only country where Fox releases Paramount. Reference Link

FOX

21st Century Fox

$27.41

0.28 (1.03%)

FOXA

21st Century Fox

$27.74

0.13 (0.47%)

VIA

Viacom

$38.80

0.05 (0.13%)

VIAB

Viacom

$34.96

0.06 (0.17%)

  • 03

    Aug

FOX 21st Century Fox
$27.41

0.28 (1.03%)

04/26/17
FBCO
04/26/17
NO CHANGE
Target $37
FBCO
Outperform
Hulu stake could be for sale this year, says Credit Suisse
Credit Suisse analyst Omar Sheikh notes that Comcast (CMCSA; CMCSK) will be free to sell its 30% stake in Hulu from the end of 2017. The analyst believes there is a $100B domestic revenue opportunity for targeted TV advertising long-term, which vertically integrated networks/distributors will be in a strong position to exploit. Therefore, Sheikh argues that it would make sense for 21st Century Fox (FOX; FOXA) to acquire Comcast's stake in Hulu, if it becomes available, subject to valuation and appropriate programming supply agreements. He reiterates an Outperform rating and $37 price target on 21st Century Fox's shares.
04/04/17
PIVT
04/04/17
NO CHANGE
Target $36
PIVT
Buy
Boycotts of O'Reilly Factor likely manageable for now, says Pivotal Research
Pivotal Research analyst Brian Wieser said advertiser boycotts of O'Reilly Factor are likely manageable and only slightly negative at this time, but added that a more significant concern is the potential for this to impact Ofcom's "fit and proper" test related to Fox's (FOXA) proposed takeover of Sky (SKYAY). Wieser, who views the Sky acquisition as a favorable strategic combination, would sees the U.K. regulator not allowing the transaction to proceed as a negative. However, he keeps a Buy rating and $36 price target on Fox shares.
04/04/17
RSBL
04/04/17
INITIATION
Target $33
RSBL
Neutral
21st Century Fox initiated with a Neutral at Rosenblatt
Rosenblatt started 21st Century Fox with a Neutral rating and $33 price target.
01/03/17
01/03/17
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. Evercore ISI analyst Vijay Jayant upgraded Disney (DIS) to Buy from Hold, named it Top Pick for 2017, and raised its price target to $120 from $103. Jayan believes Disney's valuation reflects well-understood short-term growth challenges at ESPN and tough Studio and Consumer Products growth comparisons. 2. Wells Fargo analyst Marci Ryvicker upgraded 21st Century Fox (FOXA) to Outperform saying the market could be surprised by the synergies from the Sky deal. The analyst also believes concerns over the Regional Sports Networks being excluded from the streaming bundles are overblown. She expects consensus estimates to go up not down and raised her price target range for the shares to $33-$35 from $28-$30. 3. Citi analyst Michael Rollins upgraded Verizon (VZ) Communications to Buy from Neutral and raised his price target for the shares to $60 from $55. 4. Evercore ISI upgraded PACCAR (PCAR) to Buy from Hold and raised its price target to $77 from $59, with analyst David Raso saying he is incrementally bullish on the Industrials and Machinery sector since his pre-US election sector upgrade. 5. Credit Suisse upgraded Xerox (XRX) to Outperform from Neutral. Analyst Kulbinder Garcha changed his rating following the Conduent (CNDT) spin-off citing a more focused printing business, potential upside to cost savings, and management's realistic vision and a well laid out long-term strategy to offset end market decline. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FOXA 21st Century Fox
$27.74

0.13 (0.47%)

05/12/17
FBCO
05/12/17
NO CHANGE
Target $37
FBCO
Outperform
21st Century Fox 'highly attractive' long-term growth stock, says Credit Suisse
Credit Suisse analyst Omar Sheikh reiterates his bullish view on 21st Century Fox following better than expected Q3 earnings. With some of the most attractive studio/network assets in the peer group, stakes in over-the-top distribution platforms globally, and an industry-leading position in the emerging targeted linear advertising market with Open AP, the analyst continues to believe 21st Century Fox is a "highly attractive" long-term growth stock trading at a compelling valuation. He reiterates an Outperform rating and $37 price target on the shares.
VIA Viacom
$38.80

0.05 (0.13%)

06/15/17
BERN
06/15/17
NO CHANGE
BERN
Viacom shares could tumble to $2.50, says Bernstein
Bernstein analyst Todd Juenger says that Viacom could drop to $2.50 per share if its current $3B EBITDA drops to $2B, and its EBITDA multiple drops to six times. The analyst says that this scenario is "not crazy," since the company's EBITDA fell 33% from fiscal 2014 to fiscal 2016 "during a rip-roaring advertising market and the early days of cord-cutting." He keeps a $29 price target and Underperform rating on the shares.
06/12/17
JPMS
06/12/17
NO CHANGE
Target $48
JPMS
Overweight
JPMorgan calls Paramount 'hidden jewel' of Viacom
JPMorgan analyst Alexia Quadrani believes investors have "largely overlooked" Viacom's Paramount asset following the unit's $445M loss last year. The analyst sees a "path toward profitability in the coming years" for Paramount following "wide-ranging management and strategy changes." She calls the studio Viacom's "hidden jewel" and keeps an Overweight rating on the shares with a $48 price target.
05/31/17
LOOP
05/31/17
NO CHANGE
Target $39
LOOP
Hold
Viacom price target lowered to $39 after Baywatch 'flop' at Loop Capital
Loop Capital analyst David Miller said its atypical for him to adjust estimates for a studio's parent company so quickly after an opening weekend, but in the case of Viacom's "Baywatch" his exhibitor contacts have stated that they are already allocating screens to other films after the movie opened with only $18.6M in grosses for the standard Friday-through-Sunday window. Miller, who anticipates a "measurable reduction" in Baywatch's screen count by this Friday, lowered his estimates for Viacom's Q3 and cut his price target on the stock to $39 from $42. He keeps a Hold rating on Viacom shares.
05/10/17
DBAB
05/10/17
DOWNGRADE
Target $32
DBAB
Sell
Viacom downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank analyst Bryan Kraft downgraded Viacom (VIAB) to Sell after learning Charter (CHTR) re-tiered the company's most popular networks to its TV Gold package, its most expensive video tier, and into its Digi Tier. The analyst expects this to dive more revenue pressure at Viacom and cut his price target for the shares to $32 from $35.
VIAB Viacom
$34.96

0.06 (0.17%)

05/19/17
RBCM
05/19/17
NO CHANGE
RBCM
CBS is predator and prey,' 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 believes that CBS (CBS) could buy Lionsgate (LGF.A,LGF.B) in a deal that would be 5% accretive and be viewed favorably by the market or the TV network could be acquired by Verizon (VZ). However, the analyst thinks the most likely scenario is an acquisition of Viacom (VIAB) by CBS.

TODAY'S FREE FLY STORIES

ADNT

Adient

$63.20

-1.63 (-2.51%)

20:25
06/27/17
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Conference/Events
Adient to hold a meeting »

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GIS

General Mills

$55.52

-0.65 (-1.16%)

, MON

Monsanto

$117.25

-0.55 (-0.47%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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GIS

General Mills

$55.52

-0.65 (-1.16%)

MON

Monsanto

$117.25

-0.55 (-0.47%)

PAYX

Paychex

$58.62

-0.62 (-1.05%)

03/08/13
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AAPL

Apple

$143.73

-2.09 (-1.43%)

19:32
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Periodicals
Apple looks to hire 'Siri Event Maven,' 9to5Mac reports »

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TOSBF

Toshiba, also use TOSYY

$2.60

-0.09 (-3.35%)

, TOSYY

Toshiba, also use TOSBF

$15.67

-0.24 (-1.51%)

19:22
06/27/17
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19:22
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19:22
Periodicals
Toshiba to face holder wrath after failing to sell chip unit, Reuters says »

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TOSBF

Toshiba, also use TOSYY

$2.60

-0.09 (-3.35%)

TOSYY

Toshiba, also use TOSBF

$15.67

-0.24 (-1.51%)

03/08/13
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FB

Facebook

$150.58

-3.01 (-1.96%)

19:21
06/27/17
06/27
19:21
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19:21
Periodicals
Facebook previously explored effort to promote flu shots, CNBC reports »

Facebook was working with…

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  • 19

    Jul

AAPL

Apple

$143.73

-2.09 (-1.43%)

19:15
06/27/17
06/27
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19:15
Hot Stocks
Munster lays out five-year Apple model, sees 'Apple Glasses' wearable in 2020 »

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GOOG

Alphabet

$927.33

-24.94 (-2.62%)

, GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

19:02
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Senator urges FTC oversight of Google in wake of Europe fine »

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GOOG

Alphabet

$927.33

-24.94 (-2.62%)

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

03/08/13
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APO

Apollo Global

$25.90

-0.33 (-1.26%)

18:58
06/27/17
06/27
18:58
06/27/17
18:58
Periodicals
Apollo Global hits record-breaking $23.5B target for buyout fund, WSJ says »

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QCOM

Qualcomm

$55.43

-1.13 (-2.00%)

18:54
06/27/17
06/27
18:54
06/27/17
18:54
Periodicals
Judge says FTC suit against Qualcomm can proceed, Reuters reports »

A federal judge ruled…

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LNEGY

Linde

$19.25

0.08 (0.42%)

18:53
06/27/17
06/27
18:53
06/27/17
18:53
Periodicals
Linde unit agrees to $20M settlement deal in whistleblower case, Reuters says »

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HCHC

HC2 Holdings

$5.82

0.03 (0.52%)

18:50
06/27/17
06/27
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Hot Stocks
HC2 Holdings subsidiary to acquire major interest in DTVA »

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MRK

Merck

$65.54

-0.38 (-0.58%)

18:38
06/27/17
06/27
18:38
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18:38
Periodicals
Merck's cholesterol drug anacetrapib could serve as catalyst, Barron's reports »

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  • 22

    Sep

TROX

Tronox

$13.52

-0.25 (-1.82%)

18:37
06/27/17
06/27
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18:37
Hot Stocks
Tronox elects Kaufthal as non-executive chairman »

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ANCUF

Alimentation Couche-Tard

$49.16

1.0803 (2.25%)

, CST

CST Brands

$48.53

-0.01 (-0.02%)

18:19
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Alimentation Couche-Tard cleared in Canada for acquisition of CST Brands »

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ANCUF

Alimentation Couche-Tard

$49.16

1.0803 (2.25%)

CST

CST Brands

$48.53

-0.01 (-0.02%)

03/08/13
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MSLI

Merus Labs

$1.23

-0.0015 (-0.12%)

18:01
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Merus Labs reminds shareholders to vote for arrangement with Norgine »

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EIGI

Endurance

$8.20

-0.15 (-1.80%)

18:01
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Endurance chief administration officer Andreasen to leave company »

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HII

Huntington Ingalls

$186.97

0.68 (0.37%)

17:41
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IP

International Paper

$56.18

-0.55 (-0.97%)

17:34
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HUSA

Houston American Energy

$0.67

0.0385 (6.10%)

17:33
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Syndicate
Houston American Energy requests withdrawal of registration statement »

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KBH

KB Home

$22.82

0.04 (0.18%)

, RYI

Ryerson

$9.00

-0.1 (-1.10%)

17:24
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On The Fly: After Hours Movers »

UP AFTER EARNINGS: KB…

KBH

KB Home

$22.82

0.04 (0.18%)

RYI

Ryerson

$9.00

-0.1 (-1.10%)

AVAV

AeroVironment

$32.49

1.52 (4.91%)

CAMP

CalAmp

$19.25

-0.37 (-1.89%)

GMRE

Global Medical REIT

$9.83

0.07 (0.72%)

WLL

Whiting Petroleum

$5.48

0.04 (0.74%)

OAS

Oasis Petroleum

$7.93

0.21 (2.72%)

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  • 27

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  • 28

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CHKE

Cherokee

17:22
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Hot Stocks
Breaking Hot Stocks news story on Cherokee »

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  • 17

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KBH

KB Home

$22.82

0.04 (0.18%)

17:16
06/27/17
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Hot Stocks
KB Home sees Q3 housing revenue $1.08B-$1.15B »

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  • 27

    Jun

KBH

KB Home

$22.82

0.04 (0.18%)

17:16
06/27/17
06/27
17:16
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17:16
Hot Stocks
KB Home raises FY17 housing revenue view to $4.2B-$4.4B from $4B-$4.3B »

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  • 27

    Jun

17:15
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General news
Breaking General news story  »

Minneapolis Federal…

CHKE

Cherokee

17:13
06/27/17
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Hot Stocks
Cherokee receives listing notice over late 10-Q »

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