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NFLX

Netflix

$178.36

-2.97 (-1.64%)

, DIS

Disney

$106.98

0.63 (0.59%)

07:12
08/09/17
08/09
07:12
08/09/17
07:12

Netflix Disney loss a 'modest/manageable' negative, says SunTrust

After Disney (DIS) said it would end its distribution agreement with Netflix (NFLX) and launch its own streaming services, SunTrust analyst Matthew Thornton says the news is "a modest/manageable incremental negative" for Netflix. He keeps a $175 price target and a Hold rating on Netflix.

NFLX

Netflix

$178.36

-2.97 (-1.64%)

DIS

Disney

$106.98

0.63 (0.59%)

NFLX Netflix
$178.36

-2.97 (-1.64%)

08/09/17
PIPR
08/09/17
NO CHANGE
Target $215
PIPR
Overweight
Piper says Netflix does not need Disney
Netflix's (NFLX) distribution agreement with Disney was a "nice to have" but not a "need to have," Piper Jaffray analyst Michael Olson tells investors in a research note after Disney said the agreement would end in 2019. While a negative headline for Netflix, the actual impact on the subscriber base will be minimal, Olson argues. The analyst points out that assuming Netflix will spend around $7B on content in 2017, the amount spent for Disney programming, rumored to be $200M annually, only accounts for 3% of overall content costs. This percentage is likely consistent with time spent viewing Disney content by Netflix subscribers, Olson contends. He believes Netflix can find ways to reallocate the $200M to create "similarly engaging (and more exclusive) content for its subscriber base." Olson maintains an Overweight rating on Netflix shares with a $215 price target. The streaming service is down 4%, or $6.83, to $171.53 in premarket trading.
08/08/17
PIPR
08/08/17
NO CHANGE
Target $215
PIPR
Overweight
Netflix price target raised to $215 from $198 at Piper Jaffray
Piper Jaffray analyst Michael Olson raised his price target for Netflix shares to $215 to reflect increased international subscriber estimates. The streaming service closed yesterday up $1.06 to $181.33. By 2020, the analyst expects Netflix will reach 64M domestic subscribers or 50% U.S. household penetration. His analysis suggests that Netflix can reach 100M international subscribers by 2020, with "zero or very minimal penetration in lower income international markets." Olson increased his international subscriber estimate for 2020 to 100M and believes "this could still be conservative." The analyst keeps an Overweight rating on Netflix.
07/27/17
MKMP
07/27/17
NO CHANGE
MKMP
Buy
Netflix earnings of $30 possible over time, price target to $230 at MKM Partners
MKM Partners analyst Rob Sanderson raised Netflix's price target to $230 from $195 and said he continues to believe the global opportunity is very large. The analyst is looking for $12 of earnings power in 2021 and thinks $30 of earnings power is possible over time when modeling 90M US and 300M international subscribers, modest ARPU increases and a $24B content budget. Sanderson rates Netflix a Buy.
07/26/17
BTIG
07/26/17
NO CHANGE
BTIG
Netflix price target raised to $225 from $170 at BTIG
BTIG analyst Richard Greenfield increased his price target on Netflix as he raised his 2017 subscriber estimate for the company by 2.4M and says that the company is threatening conventional TV broadcasters. The analyst says he is surprised by the acceleration of U.S. subscriber growth ,and he keeps a Buy rating on the shares.
DIS Disney
$106.98

0.63 (0.59%)

08/09/17
PIPR
08/09/17
NO CHANGE
Target $130
PIPR
Overweight
Disney streaming to bring high margin subscribers, says Piper Jaffray
Piper Jaffray analyst Stan Meyers believes Disney's two new streaming services, an ESPN over-the-top offering and a Disney-branded service, will bring upside from new high margin subscribers. He admits, however, that the services bring some risk of cannibalization. Meyers adds that while last night's quarter largely missed his expectations, he remains upbeat on shares. The analyst sees growth across Parks, Studio, Consumer Products and the launch of new streaming services more than offsetting ESPN's challenges. Meyers keeps an Overweight rating on Disney with a $130 price target.
08/04/17
JEFF
08/04/17
NO CHANGE
Target $78
JEFF
Buy
Activision Blizzard building Disney-type media business, says Jefferies
Jefferies analyst Timothy O'Shea raised his price target for Activision Blizzard (ATVI) to $78 from $68 while listing five reasons to buy the stock in a post-earnings research note. The company generated $1B of in-game spending in Q2, which is a "meaningful driver" of margin expansion, O'Shea writes. He expects Destiny 2 and Call of Duty WW2 to drive strong second half of 2017 results. Activision is building a Disney-type media business for the 21st Century, argues O'Shea. He keeps a Buy rating on the shares.
07/18/17
RBCM
07/18/17
NO CHANGE
RBCM
Disney should be owned into Q3 results, says RBC Capital
RBC Capital analyst Steven Cahall recommends owning Disney stock into the company's Q3 results. The analyst says that the company's Q3 results "may be coming down." However, he remains upbeat on its fiscal 2018 outlook, partly due to his belief that its Parks results will beat expectations.

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BABA

Alibaba

$166.59

7.19 (4.51%)

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BABA

Alibaba

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7.0201 (4.40%)

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RCII

Rent-A-Center

$13.05

0.05 (0.38%)

11:38
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11:36
08/17/17
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11:36
General news
The police force in Barcelona report a 'massive' crash on the Ramblas »

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GPS

Gap

$22.80

0.23 (1.02%)

11:35
08/17/17
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Gap put volume heavy and directionally bearish »

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UN

Unilever; also tag UL

$58.97

0.06 (0.10%)

, UL

Unilever; also tag UN

$57.58

0.04 (0.07%)

11:34
08/17/17
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11:34
Periodicals
KKR, GIC team up for Unilever's spreads operations, Sky News reports »

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UN

Unilever; also tag UL

$58.97

0.06 (0.10%)

UL

Unilever; also tag UN

$57.58

0.04 (0.07%)

KKR

KKR

$18.31

-0.075 (-0.41%)

BX

Blackstone

$32.10

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AAPL

Apple

$160.95

-0.65 (-0.40%)

11:31
08/17/17
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Periodicals
WeWork hires former Apple exec as chief product officer, The Information says »

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  • 23

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ALGN

Align Technology

$178.46

0.49 (0.28%)

11:31
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Align Technology analyst commentary  »

Straumann deals only…

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TIME

Time Inc.

$13.00

0.05 (0.39%)

11:31
08/17/17
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11:31
Hot Stocks
Time Inc. names Lori Leibovich editor-in-chief of Health, effective immediately »

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  • 18

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11:28
08/17/17
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11:28
General news
Van crashes into pedestrians in Barcelona's city center, CNBC reports »

According to the report,…

PRU

Prudential

$104.37

-0.84 (-0.80%)

11:27
08/17/17
08/17
11:27
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11:27
Periodicals
Prudential looking to remove too big to fail label, Bloomberg reports »

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  • 27

    Sep

DDAIF

Daimler AG

$71.07

0.08 (0.11%)

, BMWYY

BMW

$31.23

-0.146 (-0.47%)

11:25
08/17/17
08/17
11:25
08/17/17
11:25
Periodicals
Sixt CEO hints at car-sharing merger talks between BMW, Daimler, Reuters says »

Daimler (DDAIF) and BMW…

DDAIF

Daimler AG

$71.07

0.08 (0.11%)

BMWYY

BMW

$31.23

-0.146 (-0.47%)

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CRM

Salesforce

$91.84

-0.4 (-0.43%)

11:25
08/17/17
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11:25
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11:25
Options
Salesforce call volume above normal and directionally bullish »

Bullish option flow…

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  • 22

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  • 05

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11:20
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General news
Treasury announced a $72 B 3- and 6-month bill sale for Monday »

Treasury announced a $72…

$NSD

NASDAQ Market Internals

11:17
08/17/17
08/17
11:17
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Technical Analysis
NASDAQ market internals summary »

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ADP

ADP

$111.10

-0.48 (-0.43%)

11:16
08/17/17
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11:16
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Hot Stocks
Pershing calls ADP's corporate structure 'bloated and complex' »

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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GFI

Gold Fields

$4.15

0.145 (3.63%)

11:15
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Hot Stocks
Gold Fields jumps after saying Q2 production at South Deep up 61% »

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CTL

CenturyLink

$20.05

-0.85 (-4.07%)

11:15
08/17/17
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Options
CenturyLink put volume heavy and directionally bearish »

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PPG

PPG

$103.80

0.06 (0.06%)

11:12
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Crews called to fire at Pennsylvania PPG plant, The Sentinel says »

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DERM

Dermira

$23.34

-0.24 (-1.02%)

11:12
08/17/17
08/17
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Conference/Events
Dermira management to meet with Evercore ISI »

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  • 22

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VIPS

Vipshop

$10.37

-0.73 (-6.58%)

11:10
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Downgrade
Vipshop rating change  »

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ADP

ADP

$111.10

-0.48 (-0.43%)

11:10
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Breaking Hot Stocks news story on ADP »

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BA

Boeing

$237.03

-0.5604 (-0.24%)

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Boeing reports 14 new orders in weekly update »

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SPX

S&P 500

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White House says Cohn intends to remain in position, CNBC reports »

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