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DISCA

Discovery

$26.80

0.41 (1.55%)

, SNI

Scripps Networks

$86.91

0.5 (0.58%)

08:53
07/31/17
07/31
08:53
07/31/17
08:53

Discovery 'has not baked in' topline benefit to announced synergy assumptions

Discovery CFO Gunnar Wiedenfels said the company's $350M synergy target put into its model is "purely cost synergies," and the company hasn't "baked in any upsides on the top line."

DISCA

Discovery

$26.80

0.41 (1.55%)

SNI

Scripps Networks

$86.91

0.5 (0.58%)

  • 31

    Jul

  • 31

    Jul

  • 09

    Aug

DISCA Discovery
$26.80

0.41 (1.55%)

07/26/17
WELS
07/26/17
NO CHANGE
WELS
Scripps Networks could be acquired for $91-$95 per share, says Wells Fargo
After the Wall Street Journal reported that Discovery (DISCA) and Viacom (VIAB) are interested in buying Scripps' (SNI) assets, Wells Fargo estimates that Scripps could be acquired for $91-$95 per share. The firm believes that the acquirer or acquirers could realize a total of about $175M of non-programming expense synergies. It keeps a Market Perform rating on Scripps.
07/25/17
NEED
07/25/17
NO CHANGE
NEED
Hold
Needham likes Scripps Networks best as Discovery merger partner
Needham analyst Laura Martin believes Discovery (DISCA) will decide to protect its U.S. asset value rather than exit, and likes Scripps Networks (SNI) best as a merger partner for the company. The analyst reiterates a Hold rating on Discovery's shares.
07/20/17
07/20/17
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. Tesla (TSLA) initiated with a Neutral at Citi. 2. Johnson & Johnson (JNJ) reinstated with an Outperform at Credit Suisse. 3. Tile Shop (TTS) initiated with a Hold at Loop Capital. 4. Spring Bank Pharmaceuticals (SBPH) initiated with an Overweight at Cantor. 5. Discovery (DISCA) and Scripps Networks (SNI) were initiated with a Market Perform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/20/17
WELS
07/20/17
INITIATION
WELS
Market Perform
Scripps Networks initiated with a Market Perform at Wells Fargo
Wells Fargo started coverage of Scripps with an $82 price target and a Market Perform rating. The firm says the company has a number of strengths, including "very low affiliate fees, extremely high engagement, an educated female audience," better ratings than peers and continued ad revenue growth of around 5%. However, the firm says it doesn't necessarily believe that Discovery (DISCA) is "the right partner" for Scripps, and "it's tough to get overly excited" about Scripps at the current stock price.
SNI Scripps Networks
$86.91

0.5 (0.58%)

TODAY'S FREE FLY STORIES

$NYE

NYSE Market Internals

10:16
08/18/17
08/18
10:16
08/18/17
10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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FOSL

Fossil

$7.77

-0.09 (-1.15%)

10:15
08/18/17
08/18
10:15
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10:15
Options
Fossil put volume heavy and directionally bearish »

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10:15
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10:15
General news
FX Action: The dollar »

FX Action: The dollar…

AMTD

TD Ameritrade

$42.44

-0.93 (-2.14%)

10:13
08/18/17
08/18
10:13
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10:13
Conference/Events
TD Ameritrade management to meet with Jefferies »

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DE

Deere

$113.40

-10.58 (-8.53%)

10:12
08/18/17
08/18
10:12
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10:12
Hot Stocks
Deere says long term global tail winds for agricultural economy in place »

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CTL

CenturyLink

$19.13

-0.25 (-1.29%)

, LVLT

Level 3

$52.64

-0.35 (-0.66%)

10:12
08/18/17
08/18
10:12
08/18/17
10:12
Recommendations
CenturyLink, Level 3 analyst commentary  »

CenturyLink and Level 3…

CTL

CenturyLink

$19.13

-0.25 (-1.29%)

LVLT

Level 3

$52.64

-0.35 (-0.66%)

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GD

General Dynamics

$197.16

-0.832 (-0.42%)

10:11
08/18/17
08/18
10:11
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10:11
Hot Stocks
General Dynamics awarded $115.3M contract modification by Navy »

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10:05
08/18/17
08/18
10:05
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10:05
General news
FX Action: USD-CAD »

FX Action: USD-CAD fell…

IWM

iShares Trust Russell 2000 Index Fund

$134.44

-0.49 (-0.36%)

, RUT

Russell 2000 Index

10:02
08/18/17
08/18
10:02
08/18/17
10:02
Technical Analysis
Technical View: Russell 2000 Index nears key technical levels »

The Russell 2000 (RUT) is…

IWM

iShares Trust Russell 2000 Index Fund

$134.44

-0.49 (-0.36%)

RUT

Russell 2000 Index

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10:01
08/18/17
08/18
10:01
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10:01
General news
Consumer Sentiment Index data reported »

Consumer Sentiment Index…

QQQ

PowerShares QQQ Trust

$141.33

-2.95 (-2.04%)

10:00
08/18/17
08/18
10:00
08/18/17
10:00
Options
Defensive spread in PowerShares QQQ »

Defensive spread in…

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10:00
08/18/17
08/18
10:00
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10:00
General news
Breaking General news story  »

Dallas Federal Reserve…

IMUC

ImmunoCellular

$0.32

-0.0191 (-5.65%)

09:56
08/18/17
08/18
09:56
08/18/17
09:56
Conference/Events
ImmunoCellular to host conference call »

Business News Update…

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  • 23

    Aug

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

, EL

Estee Lauder

$102.49

4.165 (4.24%)

09:55
08/18/17
08/18
09:55
08/18/17
09:55
Options
Early notable gainers among liquid option names on August 18th »

Notable gainers among…

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

EL

Estee Lauder

$102.49

4.165 (4.24%)

NEM

Newmont Mining

$37.16

1.11 (3.08%)

AMAT

Applied Materials

$43.12

-1.34 (-3.01%)

XEC

Cimarex Energy

$96.89

0.59 (0.61%)

03/08/13
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DAL

Delta Air Lines

$47.54

0.01 (0.02%)

09:54
08/18/17
08/18
09:54
08/18/17
09:54
Upgrade
Delta Air Lines rating change  »

Follow-up: Delta Air…

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LUV

Southwest

$53.41

0.26 (0.49%)

09:54
08/18/17
08/18
09:54
08/18/17
09:54
Upgrade
Southwest rating change  »

Follow-up: Southwest…

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SWN

Southwestern Energy

09:50
08/18/17
08/18
09:50
08/18/17
09:50
Options
Opening action in Southwest Energy expiring puts »

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HIBB

Hibbett Sports

$11.50

-0.3 (-2.54%)

09:47
08/18/17
08/18
09:47
08/18/17
09:47
Recommendations
Hibbett Sports analyst commentary  »

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  • 18

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MATX

Matson

$24.27

-5.08 (-17.31%)

09:46
08/18/17
08/18
09:46
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09:46
Downgrade
Matson rating change  »

Matson downgraded to…

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FL

Foot Locker

$36.37

-11.335 (-23.76%)

09:46
08/18/17
08/18
09:46
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09:46
Hot Stocks
Foot Locker says expects digital investments to accelerate into FY18 and beyond »

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  • 18

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GPS

Gap

$23.12

0.44 (1.94%)

, M

Macy's

$19.57

-0.05 (-0.25%)

09:45
08/18/17
08/18
09:45
08/18/17
09:45
Hot Stocks
Gap climbs as Old Navy performance, fewer promotions boost earnings »

Shares of Gap (GPS)…

GPS

Gap

$23.12

0.44 (1.94%)

M

Macy's

$19.57

-0.05 (-0.25%)

KSS

Kohl's

$37.06

-0.047 (-0.13%)

JCP

J.C. Penney

URBN

Urban Outfitters

$18.94

-0.82 (-4.15%)

AMZN

Amazon.com

$960.57

-17.61 (-1.80%)

JWN

Nordstrom

$44.26

-0.18 (-0.41%)

ANF

Abercrombie & Fitch

$9.42

-0.07 (-0.74%)

BKE

The Buckle

$14.05

-0.15 (-1.06%)

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  • 18

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09:45
08/18/17
08/18
09:45
08/18/17
09:45
General news
Consumer Sentiment Index to be reported at 10:00 »

Consumer Sentiment Index…

FL

Foot Locker

09:43
08/18/17
08/18
09:43
08/18/17
09:43
Technical Analysis
Technical View: Foot Locker breaks through multiple support levels »

Shares were last down…

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  • 18

    Aug

XLI

Industrial Select Sector SPDR

, ROST

Ross Stores

$53.33

-1.04 (-1.91%)

09:40
08/18/17
08/18
09:40
08/18/17
09:40
Options
Unusually active option classes on open August 18th »

Unusual total active…

XLI

Industrial Select Sector SPDR

ROST

Ross Stores

$53.33

-1.04 (-1.91%)

NKE

Nike

DE

Deere

SWN

Southwestern Energy

AMAT

Applied Materials

$43.12

-1.34 (-3.01%)

KORS

Michael Kors

GPS

Gap

QQQ

PowerShares QQQ Trust

$141.33

-2.95 (-2.04%)

URBN

Urban Outfitters

$18.94

-0.82 (-4.15%)

03/08/13
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  • 18

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  • 05

    Sep

  • 03

    Oct

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    Oct

  • 22

    Nov

T

AT&T

, TWX

Time Warner

09:40
08/18/17
08/18
09:40
08/18/17
09:40
Periodicals
AT&T exploring options for Digital Life home security unit, Reuters reports »

AT&T (T) is…

T

AT&T

TWX

Time Warner

03/08/13
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  • 06

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