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CHTR

Charter

$389.75

8.73 (2.29%)

, ATCEY

Altice

09:56
08/09/17
08/09
09:56
08/09/17
09:56

Altice joins SoftBank in weighing bid to buy Charter, CNBC reports

French telecom giant Altice (ATCEY) and its U.S. cable subsidiary Altice USA (ATUS) are working on an offer to buy Charter, but have not yet presented a takeover offer to the company or its advisors, according to CNBC's David Faber, citing people close to the situation. As previously reported, SoftBank (SFTBF) has also been working on an offer for Charter, but both may have trouble presenting offers that meet the price and structure expectations of Charter's management or its largest shareholder, Liberty Media (LMCA), said Faber. In early trading after the report, Charter shares are off their highs but remain up nearly 2%. Reference Link

CHTR

Charter

$389.75

8.73 (2.29%)

ATCEY

Altice

ATUS

Altice USA

$30.95

-0.105 (-0.34%)

SFTBF

SoftBank

$80.70

-1.6 (-1.94%)

LMCA

Liberty Media

  • 10

    Aug

  • 14

    Aug

CHTR Charter
$389.75

8.73 (2.29%)

08/07/17
RBCM
08/07/17
NO CHANGE
RBCM
Charter price target raised to $420 from $356 at RBC Capital
RBC Capital analyst Jonathan Atkin raised his price target on Charter as he says the company reported "strong" Q2 results, driven by improving subscriber trends. He remains upbeat on the company's outlook due to its synergy and capital return opportunities. Atkin keeps an Outperform rating on the shares.
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."
08/03/17
GUGG
08/03/17
DOWNGRADE
GUGG
Neutral
Charter downgraded to Neutral from Buy at Guggenheim
Guggenheim analyst Michael Morris downgraded Charter to Neutral due to valuation and increased his price target to $400 from $370. The analyst expects incremental cost growth in 2018 and risk from higher financial leverage.
08/03/17
08/03/17
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. Teva (TEVA) downgraded to Perform from Outperform at Oppenheimer with analyst Derek Archila saying he no longer sees a "clear path" for Teva to return to growth in a "timely manner" amid continued pricing pressure in U.S. generics. 2. Charter (CHTR) downgraded to Neutral from Buy at Guggenheim with analyst Michael Morris citing valuation and increased his price target to $400 from $370. 3. Allstate (ALL) downgraded to Hold from Buy at Deutsche Bank with analyst Joshua Shanker citing valuation. 4. Mattel (MAT) downgraded to Underperform from Neutral at DA Davidson with analyst Linda Bolton Weiser saying she left a recent management meeting with a more cautious outlook for the company's performance in the second half of 2017. 5. Lam Research (LRCX) downgraded to Neutral from Buy at Citi with analyst Atif Malik saying he's becoming more selective in the Semiconductor Capital Equipment space. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ATCEY Altice

03/13/17
SBSH
03/13/17
DOWNGRADE
SBSH
Neutral
Altice downgraded to Neutral from Buy at Citi
07/17/17
GSCO
07/17/17
INITIATION
GSCO
Buy
Altice reinstated with a Buy at Goldman Sachs
Price target EUR 27.50.
ATUS Altice USA
$30.95

-0.105 (-0.34%)

07/26/17
WELS
07/26/17
INITIATION
Target $34
WELS
Market Perform
Altice USA initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Marci Ryvicker started Altice USA with a Market Perform rating and $34 price target.
07/17/17
07/17/17
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. General Electric (GE) resumed with an Equal Weight at Morgan Stanley. 2. Post Holdings (POST) initiated with a Buy at Goldman Sachs. 3. Devon Energy (DVN) assumed with a Neutral at Piper Jaffray. 4. Baker Hughes (BHGE) initiated with a Market Perform at FBR Capital. 5. Altice USA (ATUS) was initiated with an Outperform at RBC Capital, an Overweight at JPMorgan, a Buy at Citi, an Equal Weight at Morgan Stanley and Barclays, as well as a Neutral at BofA/Merrill and Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/26/17
07/26/17
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. AMD (AMD) initiated with an Outperform at Baird. 2. Altice USA (ATUS) initiated with a Market Perform at Wells Fargo. 3. Callidus Software (CALD) initiated with a Buy at Jefferies. 4. Jones Lang LaSalle (JLL) initiated with a Neutral at UBS. 5. Ocular Therapeutix (OCUL) initiated with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/17
EXAN
07/19/17
INITIATION
Target $36
EXAN
Outperform
Altice USA initiated with an Outperform at Exane BNP Paribas
Exane BNP Paribas analyst San Dhillon initiated Altice USA with an Outperform and a $36 price target.
SFTBF SoftBank
$80.70

-1.6 (-1.94%)

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.
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.
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).
LMCA Liberty Media

01/09/17
SBSH
01/09/17
DOWNGRADE
Target $32
SBSH
Neutral
Liberty Media downgraded to Neutral from Buy at Citi
Citi analyst Jason Bazinet downgraded Liberty Media Group to Neutral citing some near-term risks around the Formula One deal. The circuit could shrink in 2017 and again in 2019, while F1 owners' willingness to sell their Liberty Media equity privately at 20% below the prevailing public price is troubling, Bazinet tells investors in a research note. He keeps a $32 price target for the shares.
01/17/17
FBRC
01/17/17
DOWNGRADE
Target $29
FBRC
Market Perform
Liberty Media downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Barton Crockett downgraded Liberty Media to Market Perform and raised its price target to $29 from $25. The analyst raised estimates to account for the Formula One business that Liberty is poised to acquire this week but said shares are up 44% from the reference price at the time of the transaction on September 7, 2016.
03/22/17
PIPR
03/22/17
NO CHANGE
Target $18
PIPR
Overweight
Piper says survey supports positive view of Pandora shares
Piper Jaffray analyst Stan Meyers continues to believe that Liberty Media (LMCA) and SiriusXM (SIRI) remain a potential buyer of Pandora Media (P) with the price likely dependent on the success of Pandora's new Premium and Plus offerings. The analyst conducted a second survey of Pandora users and found that demand from current listeners for the Pandora Premium remained largely unchanged at 15% while interest in Pandora Plus declined from 28% to 14%. The survey shows "meaningful pent-up demand" for Pandora's new offerings, Meyers tells investors in a research note. He believes this supports his positive view on the shares. Meyers has an Overweight rating on Pandora with an $18 price target.
03/27/17
SBSH
03/27/17
INITIATION
Target $25
SBSH
Buy
WWE initiated with a Buy at Citi
Citi analyst Jason Bazinet started WWE (WWE) with a Buy rating and $25 price target. WWE's transition to a web-based subscription model should result in better growth through 2020 and increases the company's strategic value to likely suitors, such as 21st Century Fox (FOXA), Comcast (CMCSA) and Formula One (LMCA), the analyst contends.

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LOW

Lowe's

$75.82

1.97 (2.67%)

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Eaton Vance

$47.16

0.58 (1.25%)

20:25
08/22/17
08/22
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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1.97 (2.67%)

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Eaton Vance

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0.58 (1.25%)

AEO

American Eagle

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EXPR

Express

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T

AT&T

$37.98

0.4 (1.06%)

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Time Warner

$101.80

-0.31 (-0.30%)

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REGI

Renewable Energy

$11.20

0.1 (0.90%)

18:50
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Renewable Energy CEO: Commerce Dept. move 'victory' for job creation »

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INTC

Intel

$34.65

-0.27 (-0.77%)

18:37
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Hot Stocks
Former Intel CFO Stacy Smith to retire at the end of January, 2018 »

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COL

Rockwell Collins

$124.29

0.6 (0.49%)

18:36
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18:36
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18:36
Upgrade
Rockwell Collins rating change at Vertical Research »

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CRM

Salesforce

$92.95

1.19 (1.30%)

18:24
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Salesforce CEO says closed large deal with Veterans Administration »

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WWR

Westwater Resources

$1.32

-0.14 (-9.59%)

18:16
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18:16
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Westwater Resources acquires water rights for Columbus Basin Project in Nevada »

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ZTO

ZTO Express

$14.01

0.11 (0.79%)

18:03
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Earnings
Breaking Earnings news story on ZTO Express »

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  • 22

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ZTO

ZTO Express

$14.01

0.11 (0.79%)

18:02
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08/22
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18:02
Earnings
ZTO Express reports Q2 earnings per ADS 15c, consensus 14c »

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  • 22

    Aug

URI

United Rentals

$112.44

4.04 (3.73%)

, CMI

Cummins

$153.10

1.04 (0.68%)

17:48
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17:48
Hot Stocks
United Rentals acquires power equipment assets from Cummins »

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URI

United Rentals

$112.44

4.04 (3.73%)

CMI

Cummins

$153.10

1.04 (0.68%)

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  • 22

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MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

, LZB

La-Z-Boy

$31.25

0.1 (0.32%)

17:40
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Hot Stocks
On The Fly: After Hours Movers »

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MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

LZB

La-Z-Boy

$31.25

0.1 (0.32%)

CREE

Cree

$23.03

0.46 (2.04%)

VNET

21Vianet

$4.58

0.03 (0.66%)

CRM

Salesforce

$92.95

1.19 (1.30%)

RTNB

root9B Technologies

$2.98

1.72 (136.51%)

RARE

Ultragenyx

$58.85

1.94 (3.41%)

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CRM

Salesforce

$92.95

1.19 (1.30%)

17:40
08/22/17
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Salesforce says sees FY18 margin up 125-150 bps »

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  • 22

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MXIM

Maxim Integrated

$44.39

0.68 (1.56%)

17:34
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Maxim Integrated names Sumeet Gagneja principal accounting officer »

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  • 06

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CTIC

CTI BioPharma

$3.30

0.01 (0.30%)

17:33
08/22/17
08/22
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CTI BioPharma: Chief Business Officer Matthew Plunkett resigns »

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UNM

Unum Group

$47.84

0.51 (1.08%)

17:32
08/22/17
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17:32
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17:32
Syndicate
Breaking Syndicate news story on Unum Group »

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FTK

Flotek

$5.50

-0.1 (-1.79%)

17:29
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Flotek announces conclusion of SEC inquiry »

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CRM

Salesforce

$92.95

1.19 (1.30%)

17:24
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Salesforce says 'had best quarter ever' »

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THO

Thor Industries

$103.90

0.45 (0.43%)

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Jayco announces expansion of Middlebury campus, will add 300 jobs »

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GOOG

Alphabet

$924.69

18.03 (1.99%)

, GOOGL

Alphabet Class A

$940.40

19.53 (2.12%)

17:14
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Google introduces Chrome Enterprise »

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GOOG

Alphabet

$924.69

18.03 (1.99%)

GOOGL

Alphabet Class A

$940.40

19.53 (2.12%)

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  • 24

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VNET

21Vianet

$4.58

0.03 (0.66%)

17:11
08/22/17
08/22
17:11
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17:11
Earnings
21Vianet reports Q2 EPS (12c), one estimate (11c) »

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  • 22

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RTNB

root9B Technologies

$2.98

1.72 (136.51%)

17:05
08/22/17
08/22
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17:05
Hot Stocks
root9B Technologies announces incremental funding, status of foreclosure »

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GPT

Gramercy Property Trust

$29.13

-0.03 (-0.10%)

17:03
08/22/17
08/22
17:03
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17:03
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Gramercy Property Trust launches new JV over Class A distribution centers »

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GPT

Gramercy Property Trust

$29.13

-0.03 (-0.10%)

17:01
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17:01
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Gramercy Property Trust to acquire $479M core logistics portfolio »

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WIFI

Boingo Wireless

$19.57

0.32 (1.66%)

16:55
08/22/17
08/22
16:55
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16:55
Hot Stocks
Boingo Wireless director Michael Finley sells 7,500 shares »

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RTNB

root9B Technologies

$2.98

1.72 (136.51%)

16:55
08/22/17
08/22
16:55
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16:55
Hot Stocks
Breaking Hot Stocks news story on root9B Technologies »

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