Breaking News Instant updates and real-time market news.

CHTR

Charter

$370.26

3.36 (0.92%)

, SFTBF

SoftBank

$83.10

-0.3825 (-0.46%)

14:12
07/31/17
07/31
14:12
07/31/17
14:12

SoftBank still pursuing Charter, has lined up financing, CNBC reports

SoftBank (SFTBF) is still pursuing Charter (CHTR) and has lined up financing for a potential deal, though Softbank's Masayoshi Son would not be interested in pursuing a hostile deal, reported CNBC's David Faber, citing sources. Softbank would like to acquire Charter and combine it with Sprint (S), which the company controls, Faber added.

CHTR

Charter

$370.26

3.36 (0.92%)

SFTBF

SoftBank

$83.10

-0.3825 (-0.46%)

S

Sprint

$7.97

-0.25 (-3.04%)

  • 01

    Aug

  • 03

    Aug

  • 08

    Aug

  • 14

    Aug

CHTR Charter
$370.26

3.36 (0.92%)

07/31/17
JPMS
07/31/17
NO CHANGE
Target $450
JPMS
Overweight
Charter offer would likely have to be at least $500 per share, says JPMorgan
JPMorgan analyst Philip Cusick believes SoftBank (SFTBY) is one of the few companies that could offer a big enough price to take control of Charter Communications (CHTR). While a deal is not very likely, Softbank Chairman Masayoshi Son "is never to be counted out as a buyer," Cusick tells investors in a research note. He believes a Charter acquisition offer would likely have to be in the $500 per share or higher range. Charter shares in premarket trading are up $31.74 to $402 after the Wall Street Journal reported Friday night that SoftBank has interest in merging the company with Sprint. Cusick estimates annual synergies between Sprint (S) and Charter could be around $2B, with minimal cost to integrate versus a Sprint and T-Mobile (TMUS) merger "which would have more eventual cost savings but cost much more to integrate." A Sprint and Charter deal would not have a difficult regulatory review, the analyst believes. Cusick adds that if Charter looked like it was going to sell to Softbank, Comcast (CMCSA) would have to decide if it ever did want to buy Charter and "move more quickly with an even bigger premium."
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.
06/08/17
MOFT
06/08/17
NO CHANGE
MOFT
Charter spectrum values likely falling, says MoffettNathanson
MoffettNathanson said spectrum values are likely falling rather than rising, and investors are likely overestimating what buyers are willing to pay, a negative for current spectrum owners. The firm's analyst said Charter is likely a long-term acquirer, but near-term acquisitions are unlikely given the integrations of Time Warner Cable and Bright House.
06/01/17
OPCO
06/01/17
INITIATION
OPCO
Perform
Charter initiated with a Perform at Oppenheimer
Oppenheimer analyst Timothy Horan initiated Charter with a Perform rating saying free cash flow growth is reflected in valuation.
SFTBF SoftBank
$83.10

-0.3825 (-0.46%)

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.
S Sprint
$7.97

-0.25 (-3.04%)

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.
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.

TODAY'S FREE FLY STORIES

WMT

Wal-Mart

$97.47

-2.15 (-2.16%)

06:28
11/20/17
11/20
06:28
11/20/17
06:28
Downgrade
Wal-Mart rating change  »

Wal-Mart downgraded to…

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

See Street Research during your Free Trial

  • 21

    Nov

  • 20

    Feb

VZ

Verizon

$45.42

0.65 (1.45%)

06:27
11/20/17
11/20
06:27
11/20/17
06:27
Upgrade
Verizon rating change  »

Verizon upgraded to…

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

See Street Research during your Free Trial

MHK

Mohawk

$272.20

1.55 (0.57%)

06:24
11/20/17
11/20
06:24
11/20/17
06:24
Conference/Events
Mohawk management to meet with Evercore ISI »

Field trip to company…

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

See Street Research during your Free Trial

  • 20

    Nov

VZ

Verizon

$45.42

0.65 (1.45%)

06:23
11/20/17
11/20
06:23
11/20/17
06:23
Periodicals
Verizon, NFL near deal for digital streaming rights, Bloomberg reports »

Verizon is nearing a deal…

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

See Street Research during your Free Trial

BBY

Best Buy

$55.83

0.58 (1.05%)

06:22
11/20/17
11/20
06:22
11/20/17
06:22
Conference/Events
Best Buy management to meet with Piper Jaffray »

Meeting to be held in New…

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

See Street Research during your Free Trial

  • 20

    Nov

AMZN

Amazon.com

$1,129.88

-7.41 (-0.65%)

06:22
11/20/17
11/20
06:22
11/20/17
06:22
Periodicals
Jeffrey Tambor won't return to Amazon series 'Transparent,' Deadline reports »

Jeffrey Tambor has…

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

See Street Research during your Free Trial

  • 18

    Mar

EYE

National Vision

$29.98

-0.15 (-0.50%)

06:22
11/20/17
11/20
06:22
11/20/17
06:22
Initiation
National Vision initiated  »

National Vision initiated…

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

See Street Research during your Free Trial

  • 07

    Dec

AAAP

Advanced Accelerator

$81.20

-0.04 (-0.05%)

, NVS

Novartis

$83.98

0.96 (1.16%)

06:20
11/20/17
11/20
06:20
11/20/17
06:20
Downgrade
Advanced Accelerator, Novartis rating change  »

Advanced Accelerator…

AAAP

Advanced Accelerator

$81.20

-0.04 (-0.05%)

NVS

Novartis

$83.98

0.96 (1.16%)

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

See Street Research during your Free Trial

  • 30

    Nov

  • 04

    Dec

  • 06

    Dec

  • 09

    Dec

  • 26

    Jan

  • 17

    May

LYV

Live Nation

$45.34

-0.02 (-0.04%)

06:19
11/20/17
11/20
06:19
11/20/17
06:19
Downgrade
Live Nation rating change  »

Live Nation downgraded to…

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

See Street Research during your Free Trial

AAPL

Apple

$170.15

-0.95 (-0.56%)

, INTC

Intel

$44.63

-1.02 (-2.23%)

06:18
11/20/17
11/20
06:18
11/20/17
06:18
Periodicals
KGI says Apple 2018 iPhones will feature faster basedband chips, 9to5Mac reports »

Apple's (AAPL) 2018…

AAPL

Apple

$170.15

-0.95 (-0.56%)

INTC

Intel

$44.63

-1.02 (-2.23%)

QCOM

Qualcomm

$66.72

0.61 (0.92%)

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

See Street Research during your Free Trial

  • 27

    Nov

  • 27

    Nov

  • 28

    Nov

  • 06

    Mar

RHHBY

Roche

$29.10

0.205 (0.71%)

06:18
11/20/17
11/20
06:18
11/20/17
06:18
Hot Stocks
Breaking Hot Stocks news story on Roche »

Roche: Study showed…

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

See Street Research during your Free Trial

  • 30

    Nov

  • 23

    Dec

  • 23

    Feb

CATB

Catabasis Pharmaceuticals

$1.62

-0.03 (-1.82%)

06:17
11/20/17
11/20
06:17
11/20/17
06:17
Upgrade
Catabasis Pharmaceuticals rating change  »

Catabasis Pharmaceuticals…

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

See Street Research during your Free Trial

  • 28

    Nov

RHHBY

Roche

$29.10

0.205 (0.71%)

06:17
11/20/17
11/20
06:17
11/20/17
06:17
Hot Stocks
Roche: Phase III IMpower150 study met co-primary endpoint of PFS »

Roche announced that the…

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

See Street Research during your Free Trial

  • 30

    Nov

  • 23

    Dec

  • 23

    Feb

DLPH

Delphi

$98.70

-0.54 (-0.54%)

06:14
11/20/17
11/20
06:14
11/20/17
06:14
Upgrade
Delphi rating change  »

Delphi upgraded to Buy…

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

See Street Research during your Free Trial

  • 09

    Jan

  • 16

    Jan

TOSBF

Toshiba, also use TOSYY

$2.55

-0.014 (-0.55%)

, TOSYY

Toshiba, also use TOSBF

$15.20

-0.15 (-0.98%)

06:13
11/20/17
11/20
06:13
11/20/17
06:13
Hot Stocks
Toshiba to proceed with financing transaction to close on December 5 »

Toshiba Corporation, as…

TOSBF

Toshiba, also use TOSYY

$2.55

-0.014 (-0.55%)

TOSYY

Toshiba, also use TOSBF

$15.20

-0.15 (-0.98%)

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

See Street Research during your Free Trial

MRVL

Marvell

$20.29

0.03 (0.15%)

, CAVM

Cavium

$75.83

-0.47 (-0.62%)

06:12
11/20/17
11/20
06:12
11/20/17
06:12
Periodicals
Marvell to acquire Cavium for $6B, Reuters reports »

Marvell Technology Group…

MRVL

Marvell

$20.29

0.03 (0.15%)

CAVM

Cavium

$75.83

-0.47 (-0.62%)

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

See Street Research during your Free Trial

  • 27

    Nov

  • 28

    Nov

  • 28

    Nov

GRPN

Groupon

$5.47

0.03 (0.55%)

06:12
11/20/17
11/20
06:12
11/20/17
06:12
Recommendations
Groupon analyst commentary  »

Groupon remains an…

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

See Street Research during your Free Trial

CAH

Cardinal Health

$57.51

0.09 (0.16%)

06:11
11/20/17
11/20
06:11
11/20/17
06:11
Downgrade
Cardinal Health rating change  »

Cardinal Health…

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

See Street Research during your Free Trial

  • 20

    Nov

  • 29

    Nov

  • 30

    Nov

TOSBF

Toshiba, also use TOSYY

$2.55

-0.014 (-0.55%)

, TOSYY

Toshiba, also use TOSBF

$15.20

-0.15 (-0.98%)

06:11
11/20/17
11/20
06:11
11/20/17
06:11
Hot Stocks
Toshiba to explore alternatives to sell Westinghouse related assets »

Toshiba Corporation…

TOSBF

Toshiba, also use TOSYY

$2.55

-0.014 (-0.55%)

TOSYY

Toshiba, also use TOSBF

$15.20

-0.15 (-0.98%)

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

See Street Research during your Free Trial

VALE

Vale

$10.11

0.14 (1.40%)

06:10
11/20/17
11/20
06:10
11/20/17
06:10
Upgrade
Vale rating change  »

Vale upgraded to…

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

See Street Research during your Free Trial

FDC

First Data

$16.73

-0.04 (-0.24%)

06:10
11/20/17
11/20
06:10
11/20/17
06:10
Upgrade
First Data rating change  »

First Data upgraded to…

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

See Street Research during your Free Trial

BKU

BankUnited

$34.60

0.3 (0.87%)

06:10
11/20/17
11/20
06:10
11/20/17
06:10
Upgrade
BankUnited rating change  »

BankUnited upgraded to…

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

See Street Research during your Free Trial

BCS

Barclays

$9.76

0.05 (0.51%)

06:10
11/20/17
11/20
06:10
11/20/17
06:10
Upgrade
Barclays rating change  »

Barclays upgraded to Buy…

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

See Street Research during your Free Trial

EGLT

Egalet

$1.01

-0.145 (-12.61%)

06:09
11/20/17
11/20
06:09
11/20/17
06:09
Hot Stocks
Egalet receives grant to develop novel application of Guardian Technology »

Egalet announced the…

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

See Street Research during your Free Trial

  • 04

    Dec

GM

General Motors

$43.88

0.28 (0.64%)

06:08
11/20/17
11/20
06:08
11/20/17
06:08
Upgrade
General Motors rating change  »

General Motors upgraded…

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

See Street Research during your Free Trial

  • 30

    Nov

  • 09

    Jan

  • 16

    Jan

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.