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SFTBF

SoftBank

$82.40

0.0101 (0.01%)

18:22
07/17/17
07/17
18:22
07/17/17
18:22

SoftBank, WeWork form joint venture under name WeWork Japan

SoftBank and WeWork announced a joint venture that will bring WeWork's platform of space, community, and services for companies of all sizes to Japan. The SoftBank Group and WeWork will each own 50% of the joint venture, which will operate under the name of WeWork Japan. By entering Japan, WeWork will expand its global community and connect its more than 130,000 members to the innovative and growing Japanese market. WeWork plans to launch its first location in Tokyo in early 2018. To oversee this launch and scale its Japanese operations, WeWork has appointed Chris Hill to serve as the Chief Executive Officer of WeWork Japan. Chris joined WeWork in 2010 shortly after its founding to serve as the company's first Chief Operating Officer. During his tenure at WeWork, Chris has held several key executive functions, which include serving as the Global Head of Community and Operations and, most recently, serving as the Global Chief Community Officer. In these roles, Chris has created, implemented, and scaled many of the processes, operational frameworks, and strategies that are used to run WeWork communities and create the highest level of member experience. Over the past two years, Chris has spent extensive time overseas successfully scaling the WeWork brand in foreign markets.

SFTBF SoftBank
$82.40

0.0101 (0.01%)

12/07/16
OPCO
12/07/16
NO CHANGE
Target $70
OPCO
Outperform
T-Mobile price target raised to $70 from $55 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for T-Mobile (TMUS) to $70 from $55 as he views it as the best way to play the deregulatory/technology driven consolidation. The analyst notes that President-Elect Trump met with Masayoshi Son of SoftBank (SFTBF), who agreed to invest $50B in the U.S. Horan believes the meeting will likely be a precursor to a Sprint (S)/T-Mobile/Dish (DISH) merger to create a discounted quad-play service company. The analyst reiterates an Outperform rating on T-Mobile' shares, and points out that the company has improved its network and taken share from AT&T (T)/Verizon (VZ).
08/23/16
08/23/16
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. Square (SQ) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying he now feels more confident in the company's growth and profitability outlook and its competitive position following three quarters of consistent execution. 2. BHP Billiton (BHP) upgraded to Buy from Hold at Jefferies with analyst Christopher LaFemina saying he believes fundamentals have "clearly improved," citing supply that has declined in most cases and demand that has stabilized. 3. SoftBank (SFTBF) upgraded to Overweight from Neutral at JPMorgan with analyst Jun Tanabe citing improved earnings at Sprint (S), the growth in value of its stake in Alibaba (BABA), and the stability of cash flow in its domestic mobile business. 4. Allscripts (MDRX) upgraded to Outperform from Market Perform at Leerink with analyst David Larsen saying he believes that the company's core fundamentals are improving "significantly." 5. Westlake Chemical (WLK) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan saying that the company's merger with Axiall (AXLL) "creates a new way to play chlor-alkali," as well as synergies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/23/16
JPMS
08/23/16
UPGRADE
JPMS
Overweight
SoftBank upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jun Tanabe upgraded SoftBank (SFTBF) to Overweight from Neutral and raised his price target on the stock to Y9,930 from Y6,500, citing improved earnings at Sprint (S), the growth in value of its stake in Alibaba (BABA), and the stability of cash flow in its domestic mobile business.

TODAY'S FREE FLY STORIES

MON

Monsanto

$121.99

-0.09 (-0.07%)

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Agco

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FCEL

FuelCell

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0.09 (4.41%)

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EIA natural gas storage change for week ending October 13 »

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MU

Micron

$41.65

1.26 (3.12%)

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Active trading in Micron calls as shares slump Thursday »

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NKE

Nike

$52.21

-0.0915 (-0.17%)

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adidas

$112.54

-0.08 (-0.07%)

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Goldman Sachs cuts Nike rating ahead of investor day on excess inventory »

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NKE

Nike

$52.21

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ADDYY

adidas

$112.54

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GRPN

Groupon

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ULTA

Ulta Beauty

$200.90

2.59 (1.31%)

10:29
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Rumors
Rumor moving shares of Ulta Beauty »

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10:25
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General news
Today's U.S. reports »

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UAL

United Continental

$64.26

-3.73 (-5.49%)

10:23
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Technical Analysis
Technical View: United Continental falls after results and outlook »

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MEIP

MEI Pharma

$2.48

0.15 (6.44%)

10:23
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MEI Pharma's pracinostat granted EU orphan designation »

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VZ

Verizon

$50.08

1.431 (2.94%)

10:20
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Options
Notable ratio spread in Verizon as shares rally on earnings »

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  • 19

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General news
Treasury Action: yields resumed their slide »

Treasury Action: yields…

$NSD

NASDAQ Market Internals

10:17
10/19/17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

10:16
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NYSE market internals summary »

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MRK

Merck

$63.76

0.25 (0.39%)

, TEVA

Teva

$14.61

-0.01 (-0.07%)

10:15
10/19/17
10/19
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Periodicals
Merck wins appeal to revive NuvaRing patent case against Teva, Bloomberg says »

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MRK

Merck

$63.76

0.25 (0.39%)

TEVA

Teva

$14.61

-0.01 (-0.07%)

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ADP

ADP

$113.93

0.21 (0.18%)

10:15
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Pershing Square releases additional questions for ADP »

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U.S. leading economic index fell 0.2% to 128.6 in September »

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Breaking General news story  »

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GS

Goldman Sachs

$240.07

-1.96 (-0.81%)

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EVHC

Envision Healthcare

$40.70

0.05 (0.12%)

10:11
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Starboard's Smith to pitch Envision Healthcare as long idea, Bloomberg says »

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NNI

Nelnet

$51.05

-0.27 (-0.53%)

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Nelnet rating change  »

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CZR

Caesars

$12.30

0.4 (3.36%)

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Short-term call buyer in Ceaser's opens a notable new position »

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MMP

Magellan Midstream

$67.56

-0.96 (-1.40%)

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Magellan Midstream raises quarterly distribution to 90.5c per unit »

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  • 02

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MDB

MongoDB

10:07
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Syndicate
MongoDB indicated to open at $33, IPO priced at $24 »

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  • 19

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HMNY

Helios and Matheson

$16.32

-1.91 (-10.48%)

10:05
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Rumors
Rumor moving shares of Helios and Matheson »

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NNI

Nelnet

$51.05

-0.27 (-0.53%)

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Nelnet rating change  »

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