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BRK.A

Berkshire Hathaway

$255,829.44

-170.565 (-0.07%)

, BRK.B

Berkshire Hathaway

$169.57

-0.12 (-0.07%)

15:18
07/14/17
07/14
15:18
07/14/17
15:18

Berkshire, Liberty Media exploring $10B joint investment in Sprint, Reuters says

Warren Buffet's Berkshire Hathaway (BRK.A) and John Malone's Liberty Media (LMCA) are looking into a joint investment of at least $10B in Sprint (S), Reuters reports, citing a source. Reference Link

BRK.A

Berkshire Hathaway

$255,829.44

-170.565 (-0.07%)

BRK.B

Berkshire Hathaway

$169.57

-0.12 (-0.07%)

LMCA

Liberty Media

S

Sprint

$8.64

0.435 (5.30%)

  • 03

    Aug

  • 08

    Aug

BRK.A Berkshire Hathaway
$255,829.44

-170.565 (-0.07%)

03/20/17
03/20/17
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. Monness Crespi analyst James Cakmak initiated Snap (SNAP) with a Buy and a $25 price target. 2. Workday (WDAY) initiated with a Buy at BofA/Merrill. 3. Berkshire Hathaway (BRK.A) initiated with an Equal Weight at Morgan Stanley. 4. MeetMe (MEET) initiated with a Buy at Canaccord. 5. ARC Document (ARC) resumed with a Buy at B. Riley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/16/17
MSCO
05/16/17
NO CHANGE
Target $212
MSCO
Overweight
IBM at attractive entry point ahead of mainframe cycle, says Morgan Stanley
Morgan Stanley analyst Katy Huberty attributes recent weakness in shares of IBM (IBM) to the combination of the news that Warren Buffett's Berkshire Hathaway (BRK.A) cut its stake by a third and the company's weak Q1 gross margin trends. However, growth accelerates and margins expand historically for IBM around a mainframe cycle, making the pullback an attractive entry point, according to Huberty. The analyst, who sees a number of the gross margin pressures that have recently plagued IBM abating in the second half of 2017, has a $212 price target on Big Blue's shares.
06/27/17
06/27/17
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. Impinj (PI) was downgraded to Sector Weight from Overweight by Pacific Crest analyst Brad Erickson based on valuation. 2. Mizuho analyst Haendel St. Juste downgraded Store Capital (STOR) to Neutral from Buy citing fair valuation following recent strength driven by Berkshire Hathaway's (BRK.A) investment. 3. Camtek (CAMT) was downgraded to Hold from Buy by Needham analyst Y. Edwin Mok, as he expects to see some deceleration as the PCB business normalizes and he believes large orders for back-end semi inspections are already reflected in the stock after its recent run-up. 4. Nomura Instinet analyst Dan Dolev downgraded Cintas (CTAS) to Neutral from Buy after lowering his FY18 uniform rental organic growth forecasts to 5% from 7%. 5. Atlantic Equities analyst Barry MacCarthy downgraded Hess Corp. (HES) and Schlumberger (SLB), both to Neutral from Overweight, given his view of the limited prospects for an oil price rebound. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/17
LOOP
07/12/17
NO CHANGE
Target $42
LOOP
Buy
Core-Mark unlikely to 'get Amazoned,' says Loop Capital
Loop Capital analyst Andrew Wolf said he sees Core-Mark (CORE) as the least likely company among those he covers to get "Amazoned," or put at risk by Amazon (AMZN) buying a competitor. Its closest competitor McLane, which is owned by Berkshire Hathaway (BRK.B), is highly unlikely to sell to Amazon given that its largest customer is Amazon's rival Wal-Mart (WMT), Wolf tells investors. He keeps a Buy rating on Core-Mark and raised his target on the shares to $42 from $40 citing his increased 2018 EPS forecast.
BRK.B Berkshire Hathaway
$169.57

-0.12 (-0.07%)

01/03/17
ARGS
01/03/17
INITIATION
ARGS
Hold
Berkshire Hathaway initiated with a Hold at Argus
Argus analysts Stephen Biggar and Mike Jaffe started coverage of Berkshire Hathaway with a Hold rating. The analysts expect the company's earnings growth to come in below that of the market in 2017, and they are concerned about the company's succession plan for Chairman and CEO Warren Buffet and Vice Chairman Charlie Munger. The analysts say that the men "will be difficult to replace." They believe that the stock appears to be fairly valued at current levels.
02/22/17
02/22/17
NO CHANGE

Morgan Stanley would not dismiss possibility of Berkshire buying an airline
With Warren Buffett's Berkshire Hathaway (BRK.A) recently disclosing an increase to its overall airline exposure, making the firm a number one or two holder for each of the "Big 4," Morgan Stanley polled investors and found that about 60% do not expect this to be a step towards a full-scale acquisition. However, analyst Rajeev Lalwani said the prospect of Berkshire buying an airline is a possibility that is "not worth dismissing," citing the historical precedent of Buffett's involvement in the rail industry and eventual deal to buy Burlington Northern SantaFe in 2009. The top four U.S. airlines include American Airlines (AAL), Delta Air Lines (DAL), Southwest (LUV) and United Continental (UAL).
LMCA Liberty Media

01/09/17
SBSH
01/09/17
DOWNGRADE
Target $32
SBSH
Neutral
Liberty Media downgraded to Neutral from Buy at Citi
Citi analyst Jason Bazinet downgraded Liberty Media Group to Neutral citing some near-term risks around the Formula One deal. The circuit could shrink in 2017 and again in 2019, while F1 owners' willingness to sell their Liberty Media equity privately at 20% below the prevailing public price is troubling, Bazinet tells investors in a research note. He keeps a $32 price target for the shares.
01/17/17
FBRC
01/17/17
DOWNGRADE
Target $29
FBRC
Market Perform
Liberty Media downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Barton Crockett downgraded Liberty Media to Market Perform and raised its price target to $29 from $25. The analyst raised estimates to account for the Formula One business that Liberty is poised to acquire this week but said shares are up 44% from the reference price at the time of the transaction on September 7, 2016.
03/22/17
PIPR
03/22/17
NO CHANGE
Target $18
PIPR
Overweight
Piper says survey supports positive view of Pandora shares
Piper Jaffray analyst Stan Meyers continues to believe that Liberty Media (LMCA) and SiriusXM (SIRI) remain a potential buyer of Pandora Media (P) with the price likely dependent on the success of Pandora's new Premium and Plus offerings. The analyst conducted a second survey of Pandora users and found that demand from current listeners for the Pandora Premium remained largely unchanged at 15% while interest in Pandora Plus declined from 28% to 14%. The survey shows "meaningful pent-up demand" for Pandora's new offerings, Meyers tells investors in a research note. He believes this supports his positive view on the shares. Meyers has an Overweight rating on Pandora with an $18 price target.
03/27/17
SBSH
03/27/17
INITIATION
Target $25
SBSH
Buy
WWE initiated with a Buy at Citi
Citi analyst Jason Bazinet started WWE (WWE) with a Buy rating and $25 price target. WWE's transition to a web-based subscription model should result in better growth through 2020 and increases the company's strategic value to likely suitors, such as 21st Century Fox (FOXA), Comcast (CMCSA) and Formula One (LMCA), the analyst contends.
S Sprint
$8.64

0.435 (5.30%)

05/15/17
COWN
05/15/17
NO CHANGE
Target $70
COWN
Outperform
Sprint, T-Mobile merger not a sure thing, says Cowen
Cowen analyst Colby Synesael tells investors the near-term risk in both Sprint (S) and T-Mobile (TMUS) has increased based on the possibility of a deal not happening, the unclear nature of what the deal structure would look like, and the fact that Sprint does not need a deal like it once did. The analyst does not feel a deal between the two is a sure thing. He believes T-Mobile's fundamentals should continue to create shareholder value, while the embedded M&A premium in Sprint shares has created meaningful risk. Synesael rates Sprint Market Perform with a $6.50 target. T-Mobile is rated Outperform with a $70 price target.
05/30/17
MOFT
05/30/17
NO CHANGE
MOFT
U.S. telecom sector upgraded to Neutral from Sell at MoffettNathanson
MoffettNathanson analyst Craig Moffett upgraded the U.S. telecom sector to Neutral from Sell. As reasons for the upgrade, the analyst cited valuation, lack of near-term negative catalysts, interest rate easing, and a potential merger between Sprint (S) and T-Mobile (TMUS). Other stocks in the sector include Verizon (VZ) and AT&T (T). The firm today upgraded AT&T to Neutral from Sell.
05/30/17
BTIG
05/30/17
NO CHANGE
BTIG
Verizon shares could rise to $51 but outlook still mixed, says BTIG
BTIg analyst Walter Piecyk believes that Verizon's (VZ) stock can rise to $51. He notes that the company's wireless "margins and churn are still near record levels," while Sprint's (S) CEO expects prices for unlimited data plans to rise. Additionally, the analyst believes that the chances of Verizon making "a large dilutive acquisition" have decreased, while Verizon would benefit from a merger of Sprint and T-Mobile (TMUS). However, the analyst lowered his estimates for Verizon ,and he thinks that the company's dividend could be at risk over the longer term. Moreover, he warns that the stock could come under pressure if the T-Mobile/Sprint merger falls through, while a new , "well-funded" competitor could enter the wireless space. He keeps a Neutral rating on Verizon.
06/27/17
JEFF
06/27/17
NO CHANGE
JEFF
Jefferies sees Sprint takeover by Comcast, Charter as less likely
Jefferies analyst Mike McCormack says this morning's Wall Street Journal report exclusive talks between Sprint (S) and Comcast (CMCSA)/Charter (CHTR) is not surprising. He believes the cable operators are looking for better MVNO terms and that an outright acquisition or equity stake is less likely. The report provides an indication of just how far apart Sprint and T-Mobile (TMUS) may be in any discussions, McCormack tells investors in a research note. The exclusive talks may also push T-Mobile closer to DISH (DISH), the analyst adds.

TODAY'S FREE FLY STORIES

IVPAF

Ivanhoe Mines

$3.89

0.1263 (3.36%)

12:33
07/26/17
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Conference/Events
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  • 27

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WYNN

Wynn Resorts

$138.98

0.45 (0.32%)

12:30
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Wynn Resorts calls active as shares fall on earnings »

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EGRX

Eagle Pharmaceuticals

$70.04

-2.76 (-3.79%)

12:29
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  • 30

    Oct

FLY

Fly Leasing

$13.94

-0.04 (-0.29%)

12:27
07/26/17
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Conference/Events
Fly Leasing management to meet with RBC Capital »

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SIRI

SiriusXM

$5.39

0.01 (0.19%)

12:25
07/26/17
07/26
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Options
Sirius XM call volume above normal and directionally bullish »

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  • 27

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AKAM

Akamai

$53.28

0.91 (1.74%)

12:24
07/26/17
07/26
12:24
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Conference/Events
Akamai management to meet with RBC Capital »

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  • 26

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MPC

Marathon Petroleum

$56.44

0.42 (0.75%)

12:20
07/26/17
07/26
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12:20
Hot Stocks
Marathon Petroleum raises quarterly dividend 11% to 40c per share »

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  • 26

    Jul

$NSD

NASDAQ Market Internals

12:17
07/26/17
07/26
12:17
07/26/17
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

12:16
07/26/17
07/26
12:16
07/26/17
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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TSCO

Tractor Supply

$53.53

2.01 (3.90%)

12:15
07/26/17
07/26
12:15
07/26/17
12:15
Options
Tractor Supply put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 26

    Jul

BA

Boeing

$230.75

18.29 (8.61%)

, KO

Coca-Cola

$45.36

0.1151 (0.25%)

12:03
07/26/17
07/26
12:03
07/26/17
12:03
General news
On The Fly: Top stock stories at midday »

Stocks opened in positive…

BA

Boeing

$230.75

18.29 (8.61%)

KO

Coca-Cola

$45.36

0.1151 (0.25%)

T

AT&T

$37.84

1.62 (4.47%)

AMD

AMD

$14.11

-0.05 (-0.35%)

TXN

Texas Instruments

$81.39

0.47 (0.58%)

GLW

Corning

$30.29

-1.84 (-5.73%)

GD

General Dynamics

$194.50

-9.06 (-4.45%)

AMGN

Amgen

$180.89

-0.17 (-0.09%)

IRBT

iRobot

$87.90

-2.48 (-2.74%)

AMED

Amedisys

$59.41

0.61 (1.04%)

AFAM

Almost Family

$56.70

-0.15 (-0.26%)

HLS

HealthSouth

$43.48

-2.24 (-4.90%)

KND

Kindred Healthcare

$9.70

-1.5 (-13.39%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 26

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  • 01

    Aug

  • 04

    Aug

  • 07

    Aug

  • 08

    Aug

  • 14

    Aug

  • 14

    Aug

  • 15

    Aug

  • 16

    Aug

  • 17

    Aug

  • 23

    Aug

  • 23

    Aug

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    Aug

  • 07

    Sep

  • 08

    Sep

  • 14

    Sep

  • 16

    Nov

  • 03

    Feb

  • 17

    May

GSM

Ferroglobe

$12.90

0.32 (2.54%)

12:02
07/26/17
07/26
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Hot Stocks
Ferroglobe has not received regulatory approvals from Spain's water authority »

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  • 07

    Aug

MNGA

Magnegas

$0.75

-0.1699 (-18.47%)

12:01
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USPTO issues MagneGas patent on MagneCule theory »

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JBLU

JetBlue

$22.77

0.01 (0.04%)

12:00
07/26/17
07/26
12:00
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12:00
Options
Post-earnings option play opened in JetBlue »

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  • 10

    Aug

BA

Boeing

$229.65

17.1924 (8.09%)

11:54
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Boeing seeing Pentagon demand above Trump's FY18 budget request »

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  • 26

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  • 07

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WY

Weyerhaeuser

$34.11

-0.014 (-0.04%)

11:50
07/26/17
07/26
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Options
Call buyer in Weyerhaeuser ahead of earnings »

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  • 28

    Jul

LVMUY

LVMH

$51.12

-0.02 (-0.04%)

11:49
07/26/17
07/26
11:49
07/26/17
11:49
Earnings
LVMH reports first half revenue up 15% to EUR 19.7B »

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BA

Boeing

$229.61

17.15 (8.07%)

11:47
07/26/17
07/26
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11:47
Hot Stocks
Boeing has over '700 firm orders in backlog' for 787 Dreamliner program »

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  • 26

    Jul

  • 07

    Aug

FB

Facebook

$165.28

-0.72 (-0.43%)

11:45
07/26/17
07/26
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11:45
Technical Analysis
Technical Earnings Preview: Facebook in strong uptrend before news »

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  • 26

    Jul

  • 13

    Sep

CF

CF Industries

$29.01

-1.16 (-3.84%)

11:45
07/26/17
07/26
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Options
CF Industries call volume above normal and directionally bullish »

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  • 03

    Aug

11:45
07/26/17
07/26
11:45
07/26/17
11:45
General news
Treasury's $15 B 2-year FRN garnered decent results »

Treasury's $15 B…

BA

Boeing

$229.09

16.63 (7.83%)

11:43
07/26/17
07/26
11:43
07/26/17
11:43
Hot Stocks
Boeing plans to ramp up production and delivery of new 777X »

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  • 26

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  • 07

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BA

Boeing

$229.30

16.8 (7.91%)

11:41
07/26/17
07/26
11:41
07/26/17
11:41
Hot Stocks
Boeing says has 111 orders in backlog for the current-generation 777 »

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  • 26

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  • 07

    Aug

GUID

Guidance Software

$6.90

0.04 (0.58%)

, OTEX

OpenText

$33.34

0.18 (0.54%)

11:40
07/26/17
07/26
11:40
07/26/17
11:40
Downgrade
Guidance Software, OpenText rating change  »

Guidance Software…

GUID

Guidance Software

$6.90

0.04 (0.58%)

OTEX

OpenText

$33.34

0.18 (0.54%)

03/08/13
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  • 03

    Aug

  • 08

    Aug

11:40
07/26/17
07/26
11:40
07/26/17
11:40
General news
FX Action: USD-JPY »

FX Action: USD-JPY found…

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