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ATVI

Activision Blizzard

$60.50

-0.25 (-0.41%)

, EA

Electronic Arts

$109.44

0.45 (0.41%)

06:21
07/18/17
07/18
06:21
07/18/17
06:21

June NPD video game software sales dropped 5%, says Piper Jaffray

Piper Jaffray analyst Michael Olson says June NPD video game software sales were down 5% year-over-year due to a tough compare with Activision Blizzard's (ATVI) Overwatch the prior year. Top titles for June included Nintendo's (NTDOY) ARMS and Tekken 7 from Bandai Namco, Olson tells investors in a research note. He notes that for the June quarter, Activision results are down 42% and Take-Two (TTWO) NPD results are down 12% relative to his expectations for down 33% and down 3%, respectively. He remains comfortable with his estimates, however, and keeps Overweight ratings on Activision, Electronic Arts (EA) and Take-Two.

ATVI

Activision Blizzard

$60.50

-0.25 (-0.41%)

EA

Electronic Arts

$109.44

0.45 (0.41%)

TTWO

Take-Two

$76.10

-0.11 (-0.14%)

NTDOY

Nintendo

$39.42

-0.41 (-1.03%)

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ATVI Activision Blizzard
$60.50

-0.25 (-0.41%)

06/29/17
RHCO
06/29/17
INITIATION
Target $67
RHCO
Buy
Activision Blizzard initiated with a Buy at SunTrust
SunTrust Robinson Humphrey analyst Matthew Thornton started Activision Blizzard with a Buy rating and $67 price target.
07/12/17
BARD
07/12/17
NO CHANGE
Target $60
BARD
Outperform
Activision sale of first Overwatch League teams 'promising,' says Baird
Baird analyst Colin Sebastian noted that Activision Blizzard has attracted team owners from multiple disciplines, including traditional sports executives such as Robert Kraft and Jeff Wilpon, with the sale of its first seven Overwatch League teams, which he called a "promising sign." The company did not report on the size of the deals, though ESPN previously estimated an average $20M purchase price for a team, Sebastian added. He keeps an Outperform rating and $60 price target on Activision Blizzard.
07/13/17
JEFF
07/13/17
NO CHANGE
Target $68
JEFF
Buy
Activision team sales could become big business, says Jefferies
Jefferies analyst Timothy O'Shea says none of the seven city-based Overwatch team sales, with a reported value of $20M each, were included in his estimates for Activision Blizzard. With 21 more slots in the league, selling teams could become a big business for Activision over time, O'Shea tells investors in a research note. The analyst keeps a Buy rating on the shares with a $68 price target.
07/17/17
NEED
07/17/17
INITIATION
Target $75
NEED
Buy
Activision Blizzard initiated with a Buy at Needham
Needham initiated Activision Blizzard with a Buy and a $75 price target.
EA Electronic Arts
$109.44

0.45 (0.41%)

06/23/17
PIPR
06/23/17
NO CHANGE
Target $128
PIPR
Overweight
Electronic Arts price target raised to $128 from $119 at Piper Jaffray
Following investor meetings with Electronic Arts management, Piper Jaffray analyst Michael Olson said he sees improving revenue visibility and the potential for continued margin expansion. Olson, who still thinks that the company's FY18 guidance appears overly conservative, keeps an Overweight rating on EA and raised his price on the stock to $128 from $119.
06/15/17
UBSW
06/15/17
NO CHANGE
UBSW
Video games industry undergoing significant shift in model, says UBS
UBS analyst Eric Sheridan said the video games industry is undergoing a significant transition from a hit driven business to a media consumption model where monetization is layered on top of prolonged engagement with key franchises driven by increased digital full game downloads, increased digital content, and consumer intent. The analyst increased free cash flow multiples to reflect the industry shift from a licensing model to a subscription model. Sheridan raised his price target on Activision Blizzard (ATVI) to $67 from $60, on Electronic Arts (EA) to $132 from $112, and on Zynga (ZNGA) to $4.80 from $3.50.
06/09/17
PIPR
06/09/17
NO CHANGE
PIPR
May NPD video game software sales dropped 21%, says Piper Jaffray
Piper Jaffray analyst Michael Olson says May NPD video game software sales were down 21% year-over-year due to difficult compares to prior year launches. Top titles for the month included Nintendo's (NTDOY) Mario Kart 8 and Injustice 2 from Warner Bros. Interactive, Olson tells investor in a research note. He remains comfortable with his estimates and keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two (TTWO).
07/17/17
NEED
07/17/17
INITIATION
Target $130
NEED
Buy
Electronic Arts initiated with a Buy at Needham
Needham initiated Electronic Arts with a Buy and a $130 price target.
TTWO Take-Two
$76.10

-0.11 (-0.14%)

05/26/17
OPCO
05/26/17
NO CHANGE
Target $85
OPCO
Outperform
Take-Two price target raised to $85 from $75 at Oppenheimer
Oppenheimer analyst Andrew Uerkwitz raised his price target for Take-Two Interactive to $85 after meetings with management. The analyst left the meetings more confident in his long-term earnings per share potential estimate of $5.00. He keeps an Outperform rating on the shares.
06/02/17
HDLY
06/02/17
DOWNGRADE
HDLY
Underperform
Take-Two downgraded to Underperform from Neutral at Hilliard Lyons
Hilliard Lyons analyst Jeffrey Thomison downgraded Take-Two to Underperform citing valuation.
06/02/17
06/02/17
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. ADP (ADP) downgraded to Underperform from In Line at Evercore ISI with analyst David Togut saying the firm's Payroll Manager Survey indicates softer demand and rising client losses at ADP. 2. Workday (WDAY) downgraded to Neutral from Buy at BTIG with analyst Joel Fishbein saying the company reported a "good" quarter, but high expectations are reflected in valuation. 3. Analog Devices (ADI) downgraded to Reduce from Neutral at Nomura Instinet with analyst Romit Shah saying he believes shares are overvalued and the Street may be too optimistic about the quality of Analog's franchise saying third quarter guidance was "very mixed" and implies the company missed on margins, a key part of the bull case. 4. Take-Two (TTWO) downgraded to Underperform from Neutral at Hilliard Lyons with analyst Jeffrey Thomison citing valuation. 5. Range Resources (RRC) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Brian Singer saying shares have underperformed since being added to the list on October 31, 2016 on the back of poor gas sentiment and reduced confidence in Louisiana assets acquired in 2016 due to unfavorable well performance and a shift in how the company plans to flow future wells. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
NTDOY Nintendo
$39.42

-0.41 (-1.03%)

06/27/17
CHLM
06/27/17
NO CHANGE
Target $17
CHLM
Buy
Craig-Hallum predicts 'strong beat and raise' coming from Cypress Semi
Craig-Hallum analyst Anthony Stoss believes Cypress Semiconductor can hit the $545M midpoint of its Q2 guidance on $20M in incremental Nintendo (NTDOY) Switch revenues alone even if the rest of its business if sequentially flat and he predicts it will "handily beat" the consensus revenue estimate of $546M. He raised his estimates for the June and September end quarters for both revenue and EPS and reiterates a Buy rating and $17 price target on Cypress Semi shares.
06/14/17
GSCO
06/14/17
NO CHANGE
Target $171
GSCO
Conviction Buy
Goldman ups Nvidia price target to $171 on higher Nintendo Switch forecast
Goldman Sachs analyst Toshiya Hari raised his revenue and EPS estimates for Nvidia (NVDA) to account for higher forecasts for Nintendo's (NTDOY) new Switch gaming console and higher Automotive gross margin assumptions. Hari accordingly raised his price target on Nvidia to $171 from $165 and maintains a Buy rating on the stock, which remains on the firm's Conviction List.
06/14/17
LYON
06/14/17
UPGRADE
LYON
Underperform
Nintendo upgraded to Underperform from Sell at CLSA

TODAY'S FREE FLY STORIES

03:25
07/25/17
07/25
03:25
07/25/17
03:25
General news
FX Action: USD-JPY dipped back to around the 111.00 level »

FX Action: USD-JPY dipped…

02:40
07/25/17
07/25
02:40
07/25/17
02:40
General news
FX Update: Narrow ranges have been the order of the day »

FX Update: Narrow ranges…

MMM

3M

$210.00

-1.16 (-0.55%)

, MCD

McDonald's

$151.85

-2.07 (-1.34%)

20:25
07/24/17
07/24
20:25
07/24/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MMM

3M

$210.00

-1.16 (-0.55%)

MCD

McDonald's

$151.85

-2.07 (-1.34%)

UTX

United Technologies

$123.13

-0.36 (-0.29%)

LLY

Eli Lilly

$84.74

0.08 (0.09%)

DD

DuPont

$84.35

-0.19 (-0.22%)

CAT

Caterpillar

$108.18

1.59 (1.49%)

BIIB

Biogen

$284.70

1.78 (0.63%)

GM

General Motors

$35.82

-0.25 (-0.69%)

KMB

Kimberly-Clark

$123.81

-1.47 (-1.17%)

HCA

HCA Holdings

$86.09

0.36 (0.42%)

PCAR

Paccar

$69.14

0.27 (0.39%)

TROW

T. Rowe Price

$81.10

0.27 (0.33%)

FCX

Freeport McMoRan

$12.96

-0.05 (-0.38%)

NEM

Newmont Mining

$33.90

-0.49 (-1.42%)

DGX

Quest Diagnostics

$109.44

0.05 (0.05%)

WAT

Waters

$185.01

-0.23 (-0.12%)

CNC

Centene

$84.20

-0.53 (-0.63%)

STX

Seagate

$39.76

0.18 (0.45%)

DPZ

Domino's Pizza

$213.97

0.75 (0.35%)

IPG

Interpublic Group

$25.57

0.06 (0.24%)

JBLU

JetBlue

$22.76

-0.69 (-2.94%)

LW

Lamb Weston

$44.75

-0.25 (-0.56%)

GPK

Graphic Packaging

$13.77

0.04 (0.29%)

AKS

AK Steel

$6.03

-0.17 (-2.74%)

SVU

Supervalu

$3.25

-0.01 (-0.31%)

03/08/13
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    Sep

QCOM

Qualcomm

$53.22

-0.62 (-1.15%)

, AAPL

Apple

$152.09

1.82 (1.21%)

19:16
07/24/17
07/24
19:16
07/24/17
19:16
Periodicals
Qualcomm claims tech group misdirects trade regulators, Reuters says »

Qualcomm (QCOM) has…

QCOM

Qualcomm

$53.22

-0.62 (-1.15%)

AAPL

Apple

$152.09

1.82 (1.21%)

GOOG

Alphabet

$980.34

7.42 (0.76%)

GOOGL

Alphabet Class A

$998.31

4.47 (0.45%)

AMZN

Amazon.com

$1,038.95

13.28 (1.29%)

MSFT

Microsoft

$73.60

-0.19 (-0.26%)

FB

Facebook

$166.00

1.57 (0.95%)

INTC

Intel

$34.50

-0.23 (-0.66%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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    Sep

SMBC

Southern Missouri Bancorp

$31.32

-0.38 (-1.20%)

18:53
07/24/17
07/24
18:53
07/24/17
18:53
Hot Stocks
Southern Missouri Bancorp increases dividend 10% to 11c »

Missouri Bancorp …

03/08/13
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  • 01

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VLKAY

Volkswagen

$32.19

-0.79 (-2.40%)

18:47
07/24/17
07/24
18:47
07/24/17
18:47
Periodicals
VW diesel car owners declining refit to lose registration, Reuters says »

Owners of Volkswagen…

03/08/13
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03/06/13
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03/06/13
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SRCI

SRC Energy

$7.17

0.04 (0.56%)

18:43
07/24/17
07/24
18:43
07/24/17
18:43
Hot Stocks
SRC Energy says 36 gross wells seen adding to production in 2H »

SRC continues to execute…

03/08/13
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03/06/13
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  • 04

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BABA

Alibaba

$152.26

0.37 (0.24%)

18:42
07/24/17
07/24
18:42
07/24/17
18:42
Periodicals
Alibaba in talks to make major investment in Tokopedia, Bloomberg says »

Alibaba is in discussions…

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03/06/13
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TM

Toyota

$109.41

0.1 (0.09%)

18:39
07/24/17
07/24
18:39
07/24/17
18:39
Periodicals
Toyota could sell new generation of EVs in Japan in 2022, Bloomberg says »

Toyota may sell the next…

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CG

Carlyle Group

$20.25

-0.25 (-1.22%)

18:27
07/24/17
07/24
18:27
07/24/17
18:27
Periodicals
Carlyle seeks $15B for new U.S. buyout fund, Bloomberg reports »

Carlyle Group is seeking…

03/08/13
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DDAIF

Daimler AG

$71.00

-1.9399 (-2.66%)

, TCEHY

Tencent

$38.98

0.785 (2.06%)

18:24
07/24/17
07/24
18:24
07/24/17
18:24
Periodicals
Daimler invests in Chinese self-driving startup Momenta, WSJ reports »

Daimler (DDAIF) is…

DDAIF

Daimler AG

$71.00

-1.9399 (-2.66%)

TCEHY

Tencent

$38.98

0.785 (2.06%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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FRBA

First Bank

$12.30

0.05 (0.41%)

18:22
07/24/17
07/24
18:22
07/24/17
18:22
Earnings
First Bank reports Q2 EPS 15c, consensus 17c »

Reports Q2 revenue $9.1M,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 25

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PCH

Potlatch

$47.55

-0.55 (-1.14%)

18:22
07/24/17
07/24
18:22
07/24/17
18:22
Earnings
Potlatch reports Q2 EPS 59c, consensus 35c »

Reports Q2 revenue…

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  • 26

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CAT

Caterpillar

$108.18

1.59 (1.49%)

18:17
07/24/17
07/24
18:17
07/24/17
18:17
Periodicals
Caterpillar poised to move higher, Barron's reports »

At approximately 20 times…

03/08/13
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  • 25

    Jul

HA

Hawaiian Holdings

$44.80

-0.5 (-1.10%)

, EADSY

Airbus

$20.89

-0.005 (-0.02%)

18:16
07/24/17
07/24
18:16
07/24/17
18:16
Hot Stocks
Hawaiian unveils three new west coast routes, begins sales for A321neo flights »

Hawaiian Airlines (HA)…

HA

Hawaiian Holdings

$44.80

-0.5 (-1.10%)

EADSY

Airbus

$20.89

-0.005 (-0.02%)

03/08/13
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03/06/13
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03/06/13
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  • 25

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GS

Goldman Sachs

$218.18

-2 (-0.91%)

17:53
07/24/17
07/24
17:53
07/24/17
17:53
Periodicals
Goldman Sachs pulls back from ETF lead market making, Reuters reports »

Goldman Sachs is…

03/08/13
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IBM

IBM

$145.99

-1.09 (-0.74%)

17:48
07/24/17
07/24
17:48
07/24/17
17:48
Hot Stocks
IBM granted patent to protect cryptographic keys and codes »

IBM announced that its…

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GOOG

Alphabet

$980.34

7.42 (0.76%)

17:48
07/24/17
07/24
17:48
07/24/17
17:48
Hot Stocks
Breaking Hot Stocks news story on Alphabet »

Alphabet's Pichai…

03/08/13
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  • 24

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CWH

Camping World

$31.15

-0.7 (-2.20%)

17:46
07/24/17
07/24
17:46
07/24/17
17:46
Hot Stocks
Camping World acquires American RV in Gran Rapids, Michigan »

Camping World Holdings…

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GOOG

Alphabet

$980.34

7.42 (0.76%)

17:39
07/24/17
07/24
17:39
07/24/17
17:39
Hot Stocks
Breaking Hot Stocks news story on Alphabet »

Alphabet CEO says not…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 24

    Jul

GOOG

Alphabet

$980.34

7.42 (0.76%)

17:37
07/24/17
07/24
17:37
07/24/17
17:37
Hot Stocks
Breaking Hot Stocks news story on Alphabet »

Alphabet says seeing…

03/08/13
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  • 24

    Jul

DKL

Delek Logistics

$34.70

-0.3 (-0.86%)

17:33
07/24/17
07/24
17:33
07/24/17
17:33
Hot Stocks
Delek Logistics increases dividend 2.2c to 70.5c »

Delek Logistics Partners…

03/08/13
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  • 03

    Aug

AIRT

Air T

$16.00

0.05 (0.31%)

17:32
07/24/17
07/24
17:32
07/24/17
17:32
Hot Stocks
Air T receives Nasdaq notice letter »

Air T announced that it…

03/08/13
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03/06/13
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EFSC

Enterprise Financial

$40.70

0.45 (1.12%)

17:31
07/24/17
07/24
17:31
07/24/17
17:31
Earnings
Enterprise Financial reports Q2 core EPS 56c, consensus 62c »

Rreports Q2 return on…

03/08/13
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03/06/13
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  • 25

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  • 01

    Aug

CLB

Core Laboratories

$106.30

0.61 (0.58%)

17:30
07/24/17
07/24
17:30
07/24/17
17:30
Hot Stocks
Breaking Hot Stocks news story on Core Laboratories »

Core Laboratories reports…

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