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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

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CENT

Central Garden & Pet

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0.09 (0.24%)

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SSNLF

Samsung

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FTK

Flotek

$5.71

0.07 (1.24%)

19:23
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ACLS

Axcelis

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W

Wayfair

$90.64

2.8 (3.19%)

19:22
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EPE

EP Energy

$2.48

0.17 (7.36%)

19:00
01/22/18
01/22
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19:00
Conference/Events
EP Energy to hold a conference call »

Management discusses its…

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  • 23

    Jan

BRSS

Global Brass and Copper

$33.30

-0.55 (-1.62%)

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NFLX

Netflix

$227.58

7.12 (3.23%)

, DIS

Disney

$111.10

0.51 (0.46%)

18:38
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NFLX

Netflix

$227.58

7.12 (3.23%)

DIS

Disney

$111.10

0.51 (0.46%)

FOX

21st Century Fox

$36.96

0.7 (1.93%)

FOXA

21st Century Fox

$37.31

0.66 (1.80%)

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T

AT&T

$37.87

0.66 (1.77%)

, TWX

Time Warner

$94.00

0.64 (0.69%)

18:37
01/22/18
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18:37
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18:37
Periodicals
Judge orders DOJ to seek consent to give data to AT&T, Time Warner, Reuters says »

Judge Richard Leon, who…

T

AT&T

$37.87

0.66 (1.77%)

TWX

Time Warner

$94.00

0.64 (0.69%)

DIS

Disney

$111.10

0.51 (0.46%)

FOX

21st Century Fox

$36.96

0.7 (1.93%)

FOXA

21st Century Fox

$37.31

0.66 (1.80%)

VIA

Viacom

$39.30

0.1 (0.26%)

VIAB

Viacom

$33.94

0.58 (1.74%)

DISCA

Discovery

$26.33

0.62 (2.41%)

SNI

Scripps Networks

$88.77

0.27 (0.31%)

CMCSA

Comcast

$42.89

0.39 (0.92%)

CMCSK

Comcast

CHTR

Charter

$370.25

4.2 (1.15%)

ATUS

Altice USA

$21.90

0.6 (2.82%)

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NFLX

Netflix

$227.58

7.12 (3.23%)

18:25
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Netflix says it has a ways to go to hit 60M U.S. subscribers »

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BIVV

Bioverativ

$103.79

39.68 (61.89%)

, SNY

Sanofi

$43.20

-1.4 (-3.14%)

18:15
01/22/18
01/22
18:15
01/22/18
18:15
Downgrade
Bioverativ, Sanofi rating change at Jefferies »

Bioverativ downgraded to…

BIVV

Bioverativ

$103.79

39.68 (61.89%)

SNY

Sanofi

$43.20

-1.4 (-3.14%)

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ECR

Eclipse Resources

$2.33

0.05 (2.19%)

18:12
01/22/18
01/22
18:12
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18:12
Conference/Events
Eclipse Resources to host analyst day »

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NFLX

Netflix

$227.58

7.12 (3.23%)

18:10
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Hot Stocks
Netflix says Asia market projects 'well' »

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  • 22

    Jan

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STLD

Steel Dynamics

$46.57

0.15 (0.32%)

18:06
01/22/18
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  • 23

    Jan

STLD

Steel Dynamics

$46.57

0.15 (0.32%)

18:04
01/22/18
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Earnings
Steel Dynamics reports Q4 EPS 54c excluding items, consensus 52c »

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  • 23

    Jan

IMI

Intermolecular

$1.61

0.14 (9.52%)

18:02
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Hot Stocks
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  • 13

    Feb

EXFO

EXFO Inc.

$4.35

-0.05 (-1.14%)

, CHL

China Mobile

$51.97

0.45 (0.87%)

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EXFO partners with China Mobile to prepare network for IoT »

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EXFO

EXFO Inc.

$4.35

-0.05 (-1.14%)

CHL

China Mobile

$51.97

0.45 (0.87%)

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CE

Celanese

$111.12

-1.84 (-1.63%)

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  • 26

    Jan

SFNC

Simmons First National

$59.50

0.35 (0.59%)

18:00
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Earnings
Simmons First National reports Q4 core EPS 97c, consensus 88c »

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  • 23

    Jan

WHR

Whirlpool

$166.65

-0.88 (-0.53%)

, SSNLF

Samsung

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WHR

Whirlpool

$166.65

-0.88 (-0.53%)

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AMBC

Ambac Financial

$16.02

0.07 (0.44%)

17:48
01/22/18
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Hot Stocks
Ambac Financial announces approval of plan amendment »

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STML

Stemline

$14.25

0.7 (5.17%)

17:47
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Conference/Events
Stemline participates in a conference call with JPMorgan »

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  • 24

    Jan

EFSC

Enterprise Financial

$47.70

-0.025 (-0.05%)

17:42
01/22/18
01/22
17:42
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Earnings
Enterprise Financial reports Q4 EPS 77c, consensus 77c »

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  • 23

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