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FB

Facebook

$171.23

-0.75 (-0.44%)

, SNAP

Snap

$13.02

-0.37 (-2.76%)

06:02
08/09/17
08/09
06:02
08/09/17
06:02

Facebook kills Lifestage app, Business Insider reports

Facebook (FB) has quietly killed Lifestage, the Snapchat (SNAP)-like app intended to help teens find and connect with other classmates who went to their school, a spokesperson confirms to Business Insider. The app had not been updated for months, the report notes. "Teens continue to make up an important part of the global community on Facebook, and we've learned a lot from Lifestage. We will continue to incorporate these learnings into features in the main Facebook app," the spokesperson says. Reference Link

FB

Facebook

$171.23

-0.75 (-0.44%)

SNAP

Snap

$13.02

-0.37 (-2.76%)

  • 10

    Aug

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    Aug

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    Aug

  • 21

    Aug

  • 13

    Sep

FB Facebook
$171.23

-0.75 (-0.44%)

08/08/17
08/08/17
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. Amazon.com (AMZN), Alphabet (GOOG, GOOGL), and Facebook (FB) were reinstated with a Buy at Mizuho, while eBay (EBAY) and Twitter (TWTR) were reinstated with an Underperform. 2. Broadridge (BR) initiated with a Neutral at DA Davidson. 3. Brighthouse Financial (BHF) initiated with an Overweight at Barclays. 4. Akcea Therapeutics (AKCA) WAS initiated with an Outperform at BMO Capital and Cowen, an Outperform at Wells Fargo, as well as a Buy at Stifel. 5. Lockheed Martin (LMT) and Raytheon (RTN) were initiated with an Overweight at Morgan Stanley, while Northrop Grumman (NOC) was initiated with an Equal Weight, and General Dynamics (GD) was initiated with an Underweight at the firm. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/17
08/08/17
INITIATION
Target $230

Buy
Facebook reinstated with a Buy at Mizuho
As previously reported, Mizuho analyst James Lee reinstated Facebook with a Buy and a $230 price target, arguing that the company has the "unique advantage" of both pricing leverage due to its highly engaging ad formats and best-in-class targeting paired with inventory leverage due to ad formats and data that span its core Facebook, Instagram and mobile messaging properties.
08/07/17
MZHO
08/07/17
INITIATION
Target $230
MZHO
Facebook reinstated with a Buy at Mizuho
Mizuho analyst James Lee reinstated Facebook with a Buy and a $230 price target.
08/07/17
MKMP
08/07/17
NO CHANGE
MKMP
Facebook price target rasied to $200 from $180 at MKM Partners
MKM Partners analyst Rob Sanderson raised his price target on Facebook as he thinks there is "an upward bias" to the stock's valuation. He keeps a Buy rating on the shares.
SNAP Snap
$13.02

-0.37 (-2.76%)

08/07/17
DBAB
08/07/17
NO CHANGE
Target $20
DBAB
Buy
Snap shares should rebound in second half of year, says Deutsche Bank
Snap shares offer a "compelling" risk/reward profile at current levels, Deutsche Bank analyst Lloyd Walmsley tells investors in a research note titled "Remember, It's a 2H Story." The analyst sees "innovation thriving" at Snap across the app, advertising product and ad technology. Intra quarter ad checks have started to pick up with industry contacts noting brand advertisers are increasingly of the view that Snap offers compelling view rates and view-to-completion rates, Walmsley writes. He expects continued product innovation to drive growth in daily active users and engagement over time. Snap shares should rebound in the second half of 2017 as it's "inflection comes into focus," Walmsley argues. He lowered his price target for the shares to $20 from $23 and keeps a Buy rating on the name. The analyst points out that his new lowered price target still reflects 51% upside from current share levels. Snap closed Friday up 60c to $13.52.
07/31/17
OTRG
07/31/17
DOWNGRADE
OTRG
Mixed
Snap downgraded to Mixed from Positive at OTR Global
07/27/17
NEED
07/27/17
NO CHANGE
Target $185
NEED
Buy
Facebook 'strong over-delivery' a negative for Snap, says Needham
Needham analyst Laura Martin believes Facebook's (FB) "strong over-delivery" of Q2 earnings is negative for Snap (SNAP) because Instagram Stories hit 250M DAU's in Q2, well above Snap's 166M DAU's in Q1. The analyst reiterates a Buy rating and $185 price target on Facebook's shares.
07/25/17
07/25/17
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. Under Armour (UA, UAA) downgraded to Sell from Hold at Deutsche Bank with analyst Paul Trussell saying a "difficult and promotional selling environment along with segmentation challenges" weaken his confidence in the company's near-term results. 2. Snap (SNAP) downgraded to Neutral from Buy with analyst Kevin Rottinghaus citing monetization concerns and increasing pressure from Facebook (FB) competition. 3. Cytori Therapeutics (CYTX) downgraded to Neutral from Buy at B. Riley with analyst Andrew D'Silva citing the STAR trial results, which missed both primary and secondary endpoints. The analyst cut his price target for the shares to 50c from $2.30. 4. lululemon (LULU) downgraded to Hold from Buy at Stifel with analyst Jim Duffy citing valuation. 5. Power Integrations (POWI) downgraded to Hold from Buy at Deutsche Bank with analyst Ross Seymore saying he has no incremental knowledge to support or refute market speculation regarding a potential design win in the upcoming Apple (AAPL) iPhone. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BXE

Bellatrix Exploration

$2.40

-0.03 (-1.23%)

17:49
08/16/17
08/16
17:49
08/16/17
17:49
Hot Stocks
Bellatrix Exploration regains NYSE minimum price compliance »

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NTAP

NetApp

$42.41

0.44 (1.05%)

17:48
08/16/17
08/16
17:48
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17:48
Hot Stocks
NetApp says headwind for services revenue to decrease in coming quarters »

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ACHN

Achillion

$4.88

-0.12 (-2.40%)

17:45
08/16/17
08/16
17:45
08/16/17
17:45
Conference/Events
Achillion management to meet with William Blair »

Group dinner to be held…

03/08/13
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  • 16

    Aug

BCOR

Blucora

$23.35

0.1 (0.43%)

, BBOX

Black Box

$3.75

-0.25 (-6.25%)

17:35
08/16/17
08/16
17:35
08/16/17
17:35
Hot Stocks
On The Fly: After Hours Movers »

HIGHER: Blucora (BCOR),…

BCOR

Blucora

$23.35

0.1 (0.43%)

BBOX

Black Box

$3.75

-0.25 (-6.25%)

BGG

Briggs & Stratton

$24.09

0.29 (1.22%)

LB

L Brands

$39.55

0.5 (1.28%)

VIPS

Vipshop

$11.10

-0.07 (-0.63%)

SPTN

SpartanNash

$25.96

0.07 (0.27%)

SNPS

Synopsys

$79.09

0.86 (1.10%)

CSCO

Cisco

$32.34

0.25 (0.78%)

NTAP

NetApp

$42.41

0.44 (1.05%)

LAKE

Lakeland Industries

$15.65

-0.25 (-1.57%)

GCP

GCP Applied Technologies

$28.75

0.1 (0.35%)

FNGN

Financial Engines

$34.35

-0.1 (-0.29%)

ACHC

Acadia

$51.68

-0.33 (-0.63%)

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

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  • 16

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    Aug

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    Aug

  • 06

    Sep

  • 06

    Sep

  • 06

    Sep

  • 14

    Sep

  • 30

    Nov

  • 17

    Aug

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    Aug

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    Aug

ANDX

Andeavor Logistics

$46.94

0.12 (0.26%)

, WNRL

Western Refining Logistics

$24.25

0.1 (0.41%)

17:26
08/16/17
08/16
17:26
08/16/17
17:26
Upgrade
Andeavor Logistics, Western Refining Logistics rating change  »

Andeavor Logistics…

ANDX

Andeavor Logistics

$46.94

0.12 (0.26%)

WNRL

Western Refining Logistics

$24.25

0.1 (0.41%)

03/08/13
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03/06/13
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GD

General Dynamics

$200.61

1.12 (0.56%)

17:22
08/16/17
08/16
17:22
08/16/17
17:22
Hot Stocks
General Dynamics awarded $115.3M government contract modification »

General Dynamics Electric…

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  • 23

    Aug

BLVD

Boulevard Acquisition

$10.04

-0.01 (-0.10%)

17:17
08/16/17
08/16
17:17
08/16/17
17:17
Hot Stocks
Breaking Hot Stocks news story on Boulevard Acquisition »

Glazer Capital reports…

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FMBH

First Mid-Illinois Bancshares

$34.85

-0.33 (-0.94%)

17:17
08/16/17
08/16
17:17
08/16/17
17:17
Syndicate
First Mid-Illinois Bancshares files to sell $20M of common stock 'at-the-market' »

First Mid-Illinois…

03/08/13
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03/06/13
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03/06/13
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  • 18

    Sep

NCOM

National Commerce

$39.55

0.1 (0.25%)

17:16
08/16/17
08/16
17:16
08/16/17
17:16
Hot Stocks
National Commerce, FirstAtlantic Financial sign definitive merger agreement »

National Commerce…

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  • 18

    Sep

AMGN

Amgen

$171.39

1.35 (0.79%)

17:13
08/16/17
08/16
17:13
08/16/17
17:13
Hot Stocks
Amgen: NEJM publishes results from Repatha cognitive function trial »

Amgen announced that the…

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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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  • 17

    Aug

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    Aug

  • 08

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  • 14

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  • 02

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    May

WLK

Westlake Chemical

$71.03

0.84 (1.20%)

17:13
08/16/17
08/16
17:13
08/16/17
17:13
Hot Stocks
Westlake Chemical CFO Mark Bender sells 13,794 shares of company stock »

Mark Bender, Westlake…

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BBOX

Black Box

$3.75

-0.25 (-6.25%)

17:10
08/16/17
08/16
17:10
08/16/17
17:10
Hot Stocks
Black Box director John Heller buys 10,000 shares of company stock »

Black Box director John…

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BCOR

Blucora

$23.35

0.1 (0.43%)

17:07
08/16/17
08/16
17:07
08/16/17
17:07
Hot Stocks
Blucora director retires from board effective August 10 »

Elizabeth J. Huebner, who…

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BGG

Briggs & Stratton

$24.09

0.29 (1.22%)

17:06
08/16/17
08/16
17:06
08/16/17
17:06
Earnings
Briggs & Stratton sees FY18 EPS $1.31-$1.48, consensus $1.38 »

Sees FY18 revenue…

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BGG

Briggs & Stratton

$24.09

0.29 (1.22%)

17:05
08/16/17
08/16
17:05
08/16/17
17:05
Earnings
Briggs & Stratton reports Q4 EPS 46c, consensus 53c »

Reports Q4 revenue…

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CSCO

Cisco

$32.34

0.25 (0.78%)

17:02
08/16/17
08/16
17:02
08/16/17
17:02
Hot Stocks
Breaking Hot Stocks news story on Cisco »

Cisco says order booking…

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  • 16

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  • 06

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MED

Medifast

$51.63

-0.4 (-0.77%)

16:58
08/16/17
08/16
16:58
08/16/17
16:58
Initiation
Medifast initiated  »

Medifast initiated with a…

03/08/13
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03/06/13
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DSKE

Daseke

$12.11

-0.1 (-0.82%)

16:57
08/16/17
08/16
16:57
08/16/17
16:57
Hot Stocks
Daseke completes term loan amendment to support growth strategy »

Daseke announced that it…

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  • 16

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  • 06

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QEP

QEP Resources

$7.09

-0.2 (-2.74%)

16:55
08/16/17
08/16
16:55
08/16/17
16:55
Hot Stocks
Breaking Hot Stocks news story on QEP Resources »

Integrated Core…

03/08/13
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CSCO

Cisco

$32.34

0.25 (0.78%)

16:50
08/16/17
08/16
16:50
08/16/17
16:50
Hot Stocks
Cisco to realign reporting into 5 distinct categories starting in 1Q18 »

Says innovation "as…

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  • 16

    Aug

  • 06

    Sep

LB

L Brands

$39.55

0.5 (1.28%)

16:48
08/16/17
08/16
16:48
08/16/17
16:48
Hot Stocks
L Brands sees FY17 SSS down low to mid-single digits »

Sees FY17 SSS excluding…

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  • 17

    Aug

LB

L Brands

$39.55

0.5 (1.28%)

16:46
08/16/17
08/16
16:46
08/16/17
16:46
Hot Stocks
L Brands sees Q3 SSS flat to down low-single digits »

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  • 17

    Aug

LGL

LGL Group

$4.31

0.0012 (0.03%)

16:40
08/16/17
08/16
16:40
08/16/17
16:40
Hot Stocks
LGL Group announces terms for rights offering »

The LGL Group announced…

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NLST

Netlist

$0.84

-0.06 (-6.67%)

16:37
08/16/17
08/16
16:37
08/16/17
16:37
Syndicate
Netlist files to sell common stock, no amount given »

Craig-Hallum Capital…

03/08/13
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PRAH

PRA Health

$75.16

-0.54 (-0.71%)

16:34
08/16/17
08/16
16:34
08/16/17
16:34
Initiation
PRA Health initiated  »

PRA Health initiated with…

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