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AMZN

Amazon.com

$982.01

-7.83 (-0.79%)

, LYV

Live Nation

$41.01

3.505 (9.35%)

15:46
08/10/17
08/10
15:46
08/10/17
15:46

Amazon may enter U.S. tickets market, held talks with Ticketmaster, Reuters says

Amazon (AMZN) is exploring partnering with U.S. venue owners to sell event tickets in the U.S., which "could loosen Ticketmaster's powerful grip" on the domestic ticketing business, according to Reuters, citing sources. Amazon has had partnership conversations with Live Nation's (LYV) Ticketmaster, but those talks have stalled over who would control customer data, the report added. Reference Link

AMZN

Amazon.com

$982.01

-7.83 (-0.79%)

LYV

Live Nation

$41.01

3.505 (9.35%)

  • 16

    Aug

  • 18

    Aug

AMZN Amazon.com
$982.01

-7.83 (-0.79%)

08/08/17
MKMP
08/08/17
NO CHANGE
Target $1275
MKMP
Buy
Amazon price target raised to $1,275 from $1,095 at MKM Partners
MKM Partners analyst Rob Sanderson raised his revenue outlook for Amazon.com, noting that units fulfilled are growing much faster than commerce revenue and subscription revenue growth, a proxy for Prime adoption, grew by over 50% again in Q2. While he does not expect Amazon will generate meaningful profits anytime soon, he also believes investors have become "very comfortable" with the company's continued investments. Until investors can see a limit on growth opportunities, revenue growth and share gain will matter more than profitability, said Sanderson, who raised his price target on Amazon shares to $1,275 from $1,095.
08/08/17
08/08/17
INITIATION
Target $1250

Buy
Amazon.com reinstated with a Buy at Mizuho
As previously reported, Mizuho analyst James Lee reinstated Amazon with a Buy rating, stating that he sees the next pillar of growth likely coming from advertising through voice search to allow brands to sell directly to consumers. The analyst, who sees Amazon having many levers to harness its monetization potential, set a $1,250 price target on the stock.
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.
08/10/17
OPCO
08/10/17
NO CHANGE
OPCO
Outperform
Market continues to underappreciate meaningfully Wayfair, says Oppenheimer
Following a meeting with management, Oppenheimer analyst Brian Nagel says the market continues to underappreciate "meaningfully" the underlying financial and operational prowess of Wayfair (W). Wedding registry represents a potentially substantial, so far untapped, opportunity for Wayfair, particularly given a current concentration of sales within legacy chains, largely lacking online prowess, he notes, adding that the company continues to differentiate from Amazon (AMZN) and other online operators with a strategy designed to allow customers to browse the home furnishings category on its website. Nagel reiterates an Outperform rating on the shares.
LYV Live Nation
$41.01

3.505 (9.35%)

06/19/17
06/19/17
DOWNGRADE

Neutral
Live Nation downgraded to Neutral on valuation at Northcoast
As previously reported, Northcoast downgraded Live Nation to Neutral from Buy. Analyst John Healy said fundamentals remain intact but changed his rating due to recent share outperformance.
06/27/17
JEFF
06/27/17
NO CHANGE
Target $40
JEFF
Buy
Live Nation price target raised to $40 from $36 at Jefferies
Jefferies analyst John Janedis raised his price target for Live Nation to $40 on expectations for a strong summer concert season. The stock should continue outperforming as the market gives the company more credit for "strong secular tailwinds" across the portfolio, the analyst tells investors in a research note. He keeps a Buy rating on Live Nation.
07/21/17
WBLR
07/21/17
INITIATION
WBLR
Outperform
Live Nation initiated with an Outperform at William Blair
William Blair analyst Ryan Sundby started Live Nation with an Outperform rating.
08/10/17
SPHN
08/10/17
NO CHANGE
Target $44
SPHN
Overweight
Live Nation price target raised to $44 from $36 at Stephens
Stephens analyst Kyle Evans raised his price target for Live Nation to $44 from $36 after the company posted "solid" Q2 results driven by "very impressive" growth in its Concerts business. The analyst reiterates an Overweight rating on the shares.

TODAY'S FREE FLY STORIES

USLV

VelocityShares 3x Long Silver ETN

$12.56

0.45 (3.72%)

06:34
11/20/17
11/20
06:34
11/20/17
06:34
Technical Analysis
VelocityShares 3x Long Silver ETN: Pivot points »

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03/08/13
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ATCEY

Altice

06:34
11/20/17
11/20
06:34
11/20/17
06:34
Hot Stocks
Breaking Hot Stocks news story on Altice »

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IYR

DJ US Real Estate Index Fund

$82.14

-0.38 (-0.46%)

06:33
11/20/17
11/20
06:33
11/20/17
06:33
Technical Analysis
DJ US Real Estate Index Fund: Pivot points »

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ATCEY

Altice

, ATUS

Altice USA

$19.86

-0.38 (-1.88%)

06:33
11/20/17
11/20
06:33
11/20/17
06:33
Periodicals
Altice says not in preparation of cash raising by means of equity issuance »

Altice N.V. (ATCEY)…

ATCEY

Altice

ATUS

Altice USA

$19.86

-0.38 (-1.88%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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ATCEY

Altice

06:33
11/20/17
11/20
06:33
11/20/17
06:33
Hot Stocks
Breaking Hot Stocks news story on Altice »

Altice: Management has…

03/08/13
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IBB

iShares Nasdaq Biotechnology Index

$311.21

0.4 (0.13%)

06:33
11/20/17
11/20
06:33
11/20/17
06:33
Technical Analysis
iShares Nasdaq Biotechnology Index: Pivot points »

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RYAAY

Ryanair

$118.88

1.45 (1.23%)

06:32
11/20/17
11/20
06:32
11/20/17
06:32
Initiation
Ryanair initiated  »

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03/08/13
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LABD

Daily S&P Biotech Bear 3x Shares

$5.40

0.01 (0.19%)

06:32
11/20/17
11/20
06:32
11/20/17
06:32
Technical Analysis
Daily S&P Biotech Bear 3x Shares: Pivot points »

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EWH

MSCI Hong Kong Index

$25.43

-0.17 (-0.66%)

06:32
11/20/17
11/20
06:32
11/20/17
06:32
Technical Analysis
MSCI Hong Kong Index: Pivot points »

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AVP

Avon Products

$1.94

0.04 (2.11%)

06:32
11/20/17
11/20
06:32
11/20/17
06:32
Recommendations
Avon Products analyst commentary  »

Coty may consider…

03/08/13
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03/08/13
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EWG

iShares MSCI Germany

$32.71

-0.16 (-0.49%)

06:32
11/20/17
11/20
06:32
11/20/17
06:32
Technical Analysis
iShares MSCI Germany: Pivot points »

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IJR

iShares Core S&P Small Cap ETF

$74.63

0.32 (0.43%)

06:31
11/20/17
11/20
06:31
11/20/17
06:31
Technical Analysis
iShares Core S&P Small Cap ETF: Pivot points »

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EEM

MSCI Emerging Markets Index

$46.82

0.23 (0.49%)

06:31
11/20/17
11/20
06:31
11/20/17
06:31
Technical Analysis
MSCI Emerging Markets Index: Pivot points »

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EWW

iShares MSCI Mexico

$50.26

0.48 (0.96%)

06:30
11/20/17
11/20
06:30
11/20/17
06:30
Technical Analysis
iShares MSCI Mexico: Pivot points »

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UUP

PowerShares DB US Dollar Index Up

$24.34

-0.07 (-0.29%)

06:30
11/20/17
11/20
06:30
11/20/17
06:30
Technical Analysis
PowerShares DB US Dollar Index Up: Pivot points »

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UDN

PowerShares DB US Dollar Index Down

$22.13

0.07 (0.32%)

06:29
11/20/17
11/20
06:29
11/20/17
06:29
Technical Analysis
PowerShares DB US Dollar Index Down: Pivot points »

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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  »

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03/08/13
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  • 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
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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 »

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03/08/13
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  • 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 »

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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
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  • 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
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  • 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
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  • 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
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03/06/13
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03/06/13
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  • 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…

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03/06/13
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