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CNK

Cinemark

$34.12

-0.4 (-1.16%)

, RGC

Regal Entertainment

$14.62

-0.5 (-3.31%)

08:42
08/22/17
08/22
08:42
08/22/17
08:42

Cinemark, Regal price targets lowered on Q3 box office estimate cut at JPMorgan

JPMorgan analyst Julia Yue said she believes the premium video on demand, or PVOD, threat to movie theater owners is greater following the recent Bloomberg article suggesting certain studios could move forward without exhibitor consent and thinks this issue will likely remain an overhang for the foreseeable future. The analyst, who lowered her Q3 domestic industry box office estimate to down 18% year-over-year from a prior forecast of down 10%, cut her price target on Cinemark (CNK) to $42 from $47 and lowered her target on Regal Entertainment (RGC) to $16 from $23.

CNK

Cinemark

$34.12

-0.4 (-1.16%)

RGC

Regal Entertainment

$14.62

-0.5 (-3.31%)

  • 27

    Sep

CNK Cinemark
$34.12

-0.4 (-1.16%)

06/22/17
FBCO
06/22/17
DOWNGRADE
Target $34
FBCO
Underperform
Cinemark downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse analyst Omar Shikh downgraded Cinemark to Underperform and cut its price target to $34 from $38 saying he sees multiple compression ahead. Sheikh said Q2 US box office has been weaker than expected and continues to forecast zero US box office growth in 2017, versus consensus of 2%-4% growth. Further, he believes exhibitors have less leverage over studios and expects studios to push hard for premium VOD rentals, which will reduce industry profitability.
07/26/17
WEDB
07/26/17
UPGRADE
WEDB
Outperform
Cinemark upgraded to Outperform from Neutral at Wedbush
07/26/17
WEDB
07/26/17
UPGRADE
WEDB
Outperform
Cinemark upgraded on growth outlook, valuation at Wedbush
As noted earlier, Wedbush upgraded Cinemark to Outperform from Neutral. The firm thinks that the company has several positive growth catalysts, including "an expanding domestic and international footprint,theater upgrades, positive currency trends," and better box office trends. It believes that the stock has reached "a compelling entry point" after a recent pullback. Target $44.
08/11/17
PIPR
08/11/17
INITIATION
Target $44
PIPR
Overweight
Cinemark initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Stan Meyers started Cinemark Holdings with an Overweight rating and $44 price target. The company is well positioned in the broader exhibition space domestically and should benefit from its exposure to Latin American exposure, the analyst contends.
RGC Regal Entertainment
$14.62

-0.5 (-3.31%)

05/16/17
LOOP
05/16/17
UPGRADE
Target $25
LOOP
Buy
Regal Entertainment upgraded to Buy from Hold at Loop Capital
Loop Capital analyst David Miller upgraded Regal Entertainment to Buy from Hold and increased its price target to $25 from $23. The analyst recommends taking advantage of recent weakness in shares and has confidence the company will pay a special dividend to shareholders around Q4 or in 1H 2018. The analyst said Regal pays a special dividend on average every two years and has not paid once since December 2014. Miller would not be surprised if the dividend is of the magnitude of a $1.00/share given current cash levels and free cash flow generation.
05/16/17
05/16/17
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. AIG (AIG) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Kai Pan citing the "strong" new Chief Executive Officer and attractive valuation. 2. Yum! Brands (YUM) upgraded to Buy from Hold at Argus with analyst John Staszak citing the company's decision to refranchise an additional 5% of its stores and institute additional cost cutting measures as reasons for the upgrade. 3. Dr Pepper Snapple (DPS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Dara Mohsenian saying the company's organic sales growth is accelerating driven by an improved competitive outlook as Coca Cola (KO) and Pepsi (PEP) focus on using cash flow from the U.S. carbonated soft drink segment in high growth areas. 4. Regal Entertainment (RGC) upgraded to Buy from Hold at Loop Capital with analyst David Millerciting recent weakness in shares and has confidence the company will pay a special dividend to shareholders around the fourth quarter or in the first half of 2018. 5. Vipshop (VIPS) upgraded to Overweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/18/17
HDLY
05/18/17
UPGRADE
HDLY
Long-Term Buy
Regal Entertainment upgraded to Long-Term Buy on valuation at Hilliard Lyons
Hilliard Lyons analyst Jeffrey Thomison upgraded Regal Entertainment to Long-Term Buy from Neutral with a $26 price target citing the recent pullback in shares and said fundamentals are strong.
06/12/17
MOFT
06/12/17
DOWNGRADE
MOFT
Sell
Regal Entertainment downgraded to Sell from Neutral at MoffettNathanson

TODAY'S FREE FLY STORIES

BASFY

BASF

$29.54

0.825 (2.87%)

, BAYRY

Bayer

$31.82

0.015 (0.05%)

13:57
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01/19
13:57
01/19/18
13:57
Periodicals
Breaking Periodicals news story on BASF, Bayer »

Capitol Forum says BASF,…

BASFY

BASF

$29.54

0.825 (2.87%)

BAYRY

Bayer

$31.82

0.015 (0.05%)

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  • 08

    Feb

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13:55
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13:55
General news
SF Fed moderate Williams said economic tailwinds »

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OCPNY

Olympus Corp

$38.27

-0.12 (-0.31%)

13:54
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C

Citi

$77.99

0.6 (0.78%)

13:52
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Periodicals
Citi plans to have post-Brexit trading hub running by year end, Bloomberg says »

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  • 19

    Jan

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    Jan

CANF

Can-Fite BioPharma

$1.76

0.01 (0.57%)

13:50
01/19/18
01/19
13:50
01/19/18
13:50
Conference/Events
Can-Fite BioPharma participates in lunch meeting with Philadelphia Securities »

Luncheon Meeting with…

03/08/13
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VIX

Volatility Index S&P 500 Options

13:50
01/19/18
01/19
13:50
01/19/18
13:50
Options
VIX slips on a relatively quiet monthly expiration »

VIX slips on a relatively…

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13:50
01/19/18
01/19
13:50
01/19/18
13:50
General news
Oil Action: Baker-Hughes »

Oil Action: Baker-Hughes…

KMI

Kinder Morgan

$18.97

-0.045 (-0.24%)

13:45
01/19/18
01/19
13:45
01/19/18
13:45
Options
Post earnings premium seller collects $13M in KinderMorgan »

Post earnings premium…

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INCY

Incyte

$91.92

1.61 (1.78%)

13:45
01/19/18
01/19
13:45
01/19/18
13:45
Options
Incyte call volume above normal and directionally bullish »

Bullish option flow…

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  • 19

    Jan

PRQR

ProQR Therapeutics

13:31
01/19/18
01/19
13:31
01/19/18
13:31
Conference/Events
ProQR Therapeutics to h old an investor event »

Investor Event will be…

03/08/13
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  • 19

    Feb

CMC

Commercial Metals

$24.83

-0.26 (-1.04%)

13:30
01/19/18
01/19
13:30
01/19/18
13:30
Options
Second day of call buying in Commercial Metals »

Second day of call buying…

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FLEX

Flex

$19.61

0.17 (0.87%)

13:25
01/19/18
01/19
13:25
01/19/18
13:25
Options
Flex call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

    Jan

CSCO

Cisco

$41.30

0.1 (0.24%)

13:22
01/19/18
01/19
13:22
01/19/18
13:22
Periodicals
Cisco expands Spectre, Meltdown investigation to nine more products, CRN reports »

Cisco added nine more…

03/08/13
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UHS

Universal Health

$119.50

2.18 (1.86%)

13:21
01/19/18
01/19
13:21
01/19/18
13:21
Periodicals
Chronicle review shows Universal Health hospital failed to watch patients »

Universal Health's…

03/08/13
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AAPL

Apple

$179.26

0.16 (0.09%)

, AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

13:20
01/19/18
01/19
13:20
01/19/18
13:20
Periodicals
Spotify to offer news, political coverage to lure listeners, Bloomberg says »

Spotify will begin…

AAPL

Apple

$179.26

0.16 (0.09%)

AMZN

Amazon.com

$1,293.32

-1.68 (-0.13%)

GOOG

Alphabet

$1,129.79

-2.19 (-0.19%)

GOOGL

Alphabet Class A

$1,135.97

-3.13 (-0.27%)

SIRI

SiriusXM

$5.47

0.03 (0.55%)

P

Pandora

$4.49

-0.005 (-0.11%)

03/08/13
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03/06/13
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  • 19

    Jan

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    Jan

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    Jan

  • 01

    Feb

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    Feb

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    Feb

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    Feb

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    Feb

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    Feb

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    Mar

$NSD

NASDAQ Market Internals

13:17
01/19/18
01/19
13:17
01/19/18
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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PETS

PetMed Express

$50.57

-0.31 (-0.61%)

13:16
01/19/18
01/19
13:16
01/19/18
13:16
Technical Analysis
Technical Earnings Preview: PetMed Express at life highs before news »

The stock is at life…

03/08/13
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  • 22

    Jan

$NYE

NYSE Market Internals

13:16
01/19/18
01/19
13:16
01/19/18
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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13:15
01/19/18
01/19
13:15
01/19/18
13:15
General news
Fed VC of supervision Quarles said "streamlining" the Volcker Rule »

Fed VC of supervision…

13:15
01/19/18
01/19
13:15
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13:15
General news
Breaking General news story  »

San Francisco Federal…

BHGE

Baker Hughes

$34.58

-0.165 (-0.47%)

13:13
01/19/18
01/19
13:13
01/19/18
13:13
Hot Stocks
Baker Hughes reports U.S. rig count down 3 to 936 rigs »

Baker Hughes reports that…

03/08/13
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TAHO

Tahoe Resources

$4.40

-0.24 (-5.17%)

13:12
01/19/18
01/19
13:12
01/19/18
13:12
Hot Stocks
Tahoe Resources corrects 'inaccurate' reports regarding Shahuindo mine »

Tahoe Resources would…

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  • 23

    Feb

GE

General Electric

$16.46

-0.325 (-1.94%)

13:10
01/19/18
01/19
13:10
01/19/18
13:10
Options
Options expiration and ongoing volatility drive high volume in GE »

Options expiration and…

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  • 24

    Jan

HAL

Halliburton

$52.75

0.39 (0.74%)

13:08
01/19/18
01/19
13:08
01/19/18
13:08
Technical Analysis
Technical Earnings Preview: Halliburton has a potential bullish pattern »

There is a potential…

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  • 22

    Jan

13:06
01/19/18
01/19
13:06
01/19/18
13:06
General news
Baker-Hughes Rig Count N. Amer. data reported »

Week of 1/19 Baker-Hughes…

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