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FOX

21st Century Fox

$27.40

-0.91 (-3.21%)

, FOXA

21st Century Fox

$27.57

-1.08 (-3.77%)

06:36
07/14/17
07/14
06:36
07/14/17
06:36

Fox-Sky takeover heads for full competition probe, FT reports

21st Century Fox's (FOX, FOXA) planned EUR11.7B takeover of Sky (SKYAY) is likely headed for a "phase 2 inquiry" by the British Competition and Markets Authority as the Rupert Murdoch company is expected to decline to offer a new deal to reassure the editorial independence of Sky News, the Financial Times reports, citing people with knowledge of the situation. Fox, which has until Friday at 5 p.m. to make an offer, now faces a potential delay of 24 weeks in regards to the bid, as the CMA investigates how the deal will affect media plurality. Reference Link

FOX

21st Century Fox

$27.40

-0.91 (-3.21%)

FOXA

21st Century Fox

$27.57

-1.08 (-3.77%)

SKYAY

Sky

$50.10

-1.215 (-2.37%)

FOX 21st Century Fox
$27.40

-0.91 (-3.21%)

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.
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.
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.
04/26/17
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.
FOXA 21st Century Fox
$27.57

-1.08 (-3.77%)

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.
06/26/17
SBSH
06/26/17
NO CHANGE
SBSH
Buy
21st Century Fox valuation discount to peers is 'odd,' says Citi
Citi analyst Jason Bazinet calls 21st Century Fox's (FOXA) valuation discount to peers like Scripps Networks (SNI) and Discovery (DISCA) "odd." Fox is both structurally better positioned than peers and has less advertising exposure, Bazinet tells investors in a research note. He believes 2018 consensus estimates for the company are "fairly achievable" and keeps a Buy rating on the shares.
SKYAY Sky
$50.10

-1.215 (-2.37%)

12/14/16
BMUR
12/14/16
UPGRADE
Target $33
BMUR
Buy
21st Century Fox upgraded to Buy from Hold at Brean Capital
Brean Capital analyst Alan Gould upgraded 21st Century Fox (FOX) to Buy saying the selloff since the Sky (SKYAY) announcement is overdone. Fox stock "has significantly" underperformed the market over the past six months as estimates have come down, Gould tells investors in a research note. The analyst likes the prospects of a potential Fox/Sky merger and finds Fox shares inexpensive. He has a $33 price target for the stock.
12/22/16
FBCO
12/22/16
DOWNGRADE
FBCO
Neutral
Sky downgraded to Neutral from Outperform at Credit Suisse
04/26/17
JEFF
04/26/17
UPGRADE
JEFF
Buy
Sky upgraded to Buy from Hold at Jefferies
Price target GBP 1,200p.

TODAY'S FREE FLY STORIES

MET

MetLife

$54.65

0.07 (0.13%)

18:20
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18:20
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U.S. regulators to go over MetLife suit at July 28 meeting, Reuters says »

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OTEX

OpenText

$33.06

-0.02 (-0.06%)

, COVS

Covisint

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OTEX

OpenText

$33.06

-0.02 (-0.06%)

COVS

Covisint

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  • 03

    Aug

TOSBF

Toshiba, also use TOSYY

$2.47

0.1002 (4.23%)

, TOSYY

Toshiba, also use TOSBF

$14.90

0.8 (5.67%)

17:39
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17:39
Periodicals
Toshiba sees bringing in about $360 in profit from Landis+Gyr IPO, Nikkei says »

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TOSBF

Toshiba, also use TOSYY

$2.47

0.1002 (4.23%)

TOSYY

Toshiba, also use TOSBF

$14.90

0.8 (5.67%)

03/08/13
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MON

Monsanto

$117.38

0.37 (0.32%)

17:38
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17:38
Periodicals
Breaking Periodicals news story on Monsanto »

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FSFG

First Savings Financial Group

$53.02

0.095 (0.18%)

17:34
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First Savings Financial Group , First National Bank of Odon to merge »

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NAUH

National American University

$2.36

-0.0236 (-0.99%)

17:26
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Hot Stocks
National American University to acquire H-PU, terms not disclosed »

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  • 03

    Aug

QEP

QEP Resources

$9.22

-0.27 (-2.85%)

17:25
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Hot Stocks
QEP Resources names Mary Shafer-Malicki to board of directors »

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  • 27

    Jul

CLSN

Celsion

$1.85

-0.07 (-3.65%)

17:18
07/21/17
07/21
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17:18
Syndicate
Celsion files to sell 4.87M shares of common stock for holders »

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REED

Reed's

16:54
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07/21
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Breaking Hot Stocks news story on Reed's »

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UBA

Urstadt Biddle

$20.86

0.28 (1.36%)

, UBP

Urstadt Biddle Properties Inc.

$18.50

0.721 (4.06%)

16:53
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16:53
Hot Stocks
Urstadt Biddle Properties acquires Waldwick Plaza in Waldwick, NJ »

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UBA

Urstadt Biddle

$20.86

0.28 (1.36%)

UBP

Urstadt Biddle Properties Inc.

$18.50

0.721 (4.06%)

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PRGO

Perrigo

$76.21

0.7 (0.93%)

16:51
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07/21
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Hot Stocks
Perrigo board suspends CFO search during CEO search »

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KKR

KKR

$19.38

0.07 (0.36%)

, ENTL

Entellus Medical

$17.03

-0.71 (-4.00%)

16:47
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Hot Stocks
Breaking Hot Stocks news story on KKR, Entellus Medical »

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KKR

KKR

$19.38

0.07 (0.36%)

ENTL

Entellus Medical

$17.03

-0.71 (-4.00%)

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  • 27

    Jul

CAG

Conagra Brands

$33.88

0.13 (0.39%)

16:43
07/21/17
07/21
16:43
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16:43
Syndicate
Breaking Syndicate news story on Conagra Brands »

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AKS

AK Steel

$6.20

-0.26 (-4.02%)

16:32
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16:32
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AK Steel to increase prices for carbon flat-rolled steel products »

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  • 25

    Jul

16:30
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07/21
16:30
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16:30
Options
Preliminary option volume of 19.1M today »

Preliminary option volume…

GE

General Electric

$25.91

-0.78 (-2.92%)

, MSFT

Microsoft

$73.79

-0.43 (-0.58%)

16:27
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General news
On The Fly: Top stock stories for Friday »

Stocks opened in negative…

GE

General Electric

$25.91

-0.78 (-2.92%)

MSFT

Microsoft

$73.79

-0.43 (-0.58%)

V

Visa

$99.60

1.49 (1.52%)

MNT

Mentor

AMPH

Amphastar

$18.45

0.53 (2.96%)

COF

Capital One

$87.94

6.93 (8.55%)

ATHN

athenahealth

$155.93

12.13 (8.44%)

SYF

Synchrony

$30.87

1.34 (4.54%)

PLUG

Plug Power

$2.44

0.32 (15.09%)

WMT

Wal-Mart

$76.15

0.13 (0.17%)

EBAY

eBay

$36.61

-0.57 (-1.53%)

NCR

NCR Corp.

$39.43

-3.55 (-8.26%)

MANH

Manhattan Associates

$43.15

-4.28 (-9.02%)

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  • 21

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  • 05

    Sep

  • 02

    Oct

  • 16

    Nov

  • 20

    Feb

TERP

TerraForm Power

16:26
07/21/17
07/21
16:26
07/21/17
16:26
Earnings
TerraForm Power reports Q4 net income loss $135M vs loss of $156M in Q415 »

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JPM

JPMorgan

$90.89

-0.31 (-0.34%)

16:22
07/21/17
07/21
16:22
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16:22
Periodicals
U.S. drops charges against ex-JPMorgan traders in 'London Whale' case, CNBC says »

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  • 26

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  • 12

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    Apr

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    Jul

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    Oct

CMG

Chipotle

$345.34

-10.71 (-3.01%)

16:20
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Chipotle holder sues company after latest food scare, Bloomberg says »

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  • 25

    Jul

RPRX

Repros Therapeutics

$0.37

-0.0249 (-6.30%)

16:18
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Syndicate
Breaking Syndicate news story on Repros Therapeutics »

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  • 26

    Sep

CARV

Carver Bancorp

$3.30

0.23 (7.49%)

16:17
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Carver Bancorp receives Nasdaq letter of noncompliance »

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$NSD

NASDAQ Market Internals

16:17
07/21/17
07/21
16:17
07/21/17
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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CYH

Community Health

$9.27

0.01 (0.11%)

, HCA

HCA Holdings

$85.72

-0.04 (-0.05%)

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CYH

Community Health

$9.27

0.01 (0.11%)

HCA

HCA Holdings

$85.72

-0.04 (-0.05%)

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  • 25

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  • 02

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  • 23

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$NYE

NYSE Market Internals

16:16
07/21/17
07/21
16:16
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16:16
Technical Analysis
NYSE market internals summary »

Volume was below average…

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MS

Morgan Stanley

$46.59

0.08 (0.17%)

16:14
07/21/17
07/21
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16:14
Hot Stocks
Morgan Stanley CFO Pruzan sells 25.8K shares »

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