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TWTR

Twitter

$18.31

0.1449 (0.80%)

, WPPGY

Symbol now WPP

$91.83

-0.21 (-0.23%)

11:09
09/13/17
09/13
11:09
09/13/17
11:09

Twitter CEO hints at acquisition offer one year ago, BI reports

Twitter (TWTR) CEO Jack Dorsey has suggested the social media site considered an acquisition offer over a year ago but made the choice not to move forward, Business Insider reports, citing his fireside chat with WPP (WPPGY) CEO Martin Sorrell at Dmexco. At the time, rumors circulated that Disney (DIS) or Salesforce (CRM) was interested in purchasing Twitter but a deal never took place with reports suggesting the companies pulled out due to Twitter's harassment problem. Reference Link

TWTR

Twitter

$18.31

0.1449 (0.80%)

WPPGY

Symbol now WPP

$91.83

-0.21 (-0.23%)

DIS

Disney

$98.79

0.9 (0.92%)

CRM

Salesforce

$96.38

-0.47 (-0.49%)

  • 13

    Sep

  • 25

    Sep

TWTR Twitter
$18.31

0.1449 (0.80%)

08/31/17
WEDB
08/31/17
INITIATION
Target $12
WEDB
Neutral
Wedbush cites Snap's 'hugely unprofitable' history in Neutral initiation report
Wedbush analyst Michael Pachter initiated Snap (SNAP) last night with a Neutral rating and $12 price target. The shares closed yesterday down 3c to $14.96. Decelerating growth trends, "fierce" competition for user mindshare and advertiser dollars, and a history of being "hugely unprofitable" justify being on the sidelines with respect to the shares, Pachter tells investors in a research note. He notes his $12 price target reflects a slight premium to Twitter's (TWTR) multiple, since Snap "appears to have a longer runway for continued growth," and a discount to Facebook's (FB) multiple, a company with "superior monetization and growth trends."
08/30/17
AGIS
08/30/17
NO CHANGE
AGIS
Aegis sees signs of start of advertising recession
After speaking with Bryan Wiener, the Executive Chairman of online and traditional advertising agency 360i, Aegis analyst Victor Anthony said that his commentary, along with earnings results from ad agencies Interpublic Group (IPG) and WPP (WPPGY), leave him of the opinion that an ad recession is underway. Wiener believes Google (GOOG), Facebook (FB) and Amazon (AMZN) will be relatively insulated given they will continue to take share, and Anthony said he would continue to buy Alphabet and Facebook shares. The analyst keeps a Hold rating on Snap (SNAP) and a Sell rating on Twitter (TWTR).
08/25/17
08/25/17
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. Twitter (TWTR) downgraded to Hold from Buy at Jefferies by analyst Brent Hill, who prefers Google (GOOGL), Facebook (FB) and Snap (SNAP) as plays on the digital video transition occurring across the social media space. Thill, who thinks Twitter will underperform broader internet and social peers, acknowledged that investors might ask why he is not advising to sell the stock, but he thinks recent management changes could improve the company's declining ARPU in the near-term. 2. Ulta Beauty (ULTA) downgraded to Market Perform from Outperform at BMO Capital by analyst Shannon Coyne, who said that there are bright spots ahead for the company, but sees "clouds on the horizon" looking ahead, including a slowing beauty market and department stores that are "upping their collective game." 3. Hormel Foods (HRL) downgraded to Neutral from Outperform at Credit Suisse by analyst Robert Moskow, who said increased volatility in the protein markets has reduced earnings visibility and his confidence in FY2020 margin targets of 15-19%. Moskow sees further risk from the pork industry's 10% expansion in slaughter capacity. 4. TripAdvisor (TRIP) and Shutterstock (SSTK) downgraded to Underperform from Hold at Jefferies. 5. Domino's Pizza (DPZ) downgraded to Hold from Buy at Argus by analyst John Staszak due to concerns about slowing international revenue combined with a potential for a comparable slowdown in domestic sales. The analyst now expects Domino's to post mid-single-digit comp growth following years of double-digit growth and believes margin gains will be limited going forward as the company invests in the business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/25/17
JEFF
08/25/17
DOWNGRADE
Target $16
JEFF
Hold
Jefferies cuts Twitter with Google, Facebook and Snap preferred in social video
As previously reported, Jefferies analyst Brent Thill downgraded Twitter (TWTR) to Hold from Buy in a note to investors after the market close yesterday, stating that he prefers Google (GOOGL), Facebook (FB) and Snap (SNAP) as plays on the digital video transition occurring across the social media space. Thill, who thinks Twitter will underperform broader internet and social peers, acknowledged that investors might ask why he is not advising to sell the stock, but he thinks recent management changes could improve the company's declining ARPU in the near-term. Thill lowered his price target on Twitter shares to $16 from $20.
WPPGY Symbol now WPP
$91.83

-0.21 (-0.23%)

12/08/16
JEFF
12/08/16
UPGRADE
JEFF
Buy
WPP PLC upgraded to Buy from Hold at Jefferies
Jefferies analyst Tamsin Garrity upgraded WPP PLC to Buy saying the valuation is attractive following the recent pullback. The analyst has a 1,840p price target for the shares.
01/12/17
PIVT
01/12/17
DOWNGRADE
PIVT
Hold
WPP PLC downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded WPP PLC and other names in the Internet/Advertising space citing a riskier political environment post the U.S. election. Valuations do not appropriately reflect that the environment for stocks and companies is riskier now than was the case several months ago, Wieser tells investors in a research note. He believes "significant factions" within the government support "mercantilism and populism," creating uncertainty as to what policies will take effect.
07/17/17
DBAB
07/17/17
DOWNGRADE
DBAB
Hold
WPP downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Chris Collet downgraded WPP to Hold and lowered his price target for the shares to GBP 1,750 from GBP 1,890. The analyst expects the company's long-term model for delivering 10%-15% earnings growth will come under pressure due to its high exposure to staples companies.
DIS Disney
$98.79

0.9 (0.92%)

08/31/17
LOOP
08/31/17
NO CHANGE
Target $106
LOOP
Hold
Impact of 'Force Friday' already reflected in Disney shares, says Loop Capital
Loop Capital analyst David Miller noted that Disney's first "Force Friday" two years ago was a "fantastic success" that pushed the stock up to $119. While the second iteration tomorrow is sure to capture headlines and perhaps even give Disney shares a mild lift, Miller thinks Consumer Products/ Interactive revenue and EBIT growth is already reflected in the stock's price. The analyst, who trimmed his price target on Disney shares to $106 from $107, keeps a Hold rating on the stock.
09/05/17
WELS
09/05/17
UPGRADE
Target $116
WELS
Outperform
Disney upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Marci Ryvicker upgraded Disney (DIS) to Outperform and raised her price target for the shares to $116 from $109. The owner of ESPN and ABC closed Friday up 31c to $101.50. Concerns over potential dilution from the BAMTech stake and the streaming apps are "widely overdone," Ryvicker tells investors in a research note where she also downgraded Viacom (VIAB). She expects the TV ecosystem will soon undergo on an accelerated push into over-the-top. As such, investors may need to start increasing exposure to media companies with solid streaming strategies, such as CBS (CBS), 21st Century Fox (FOXA), and Disney, and lessen exposure to those that do not, such as Viacom and Scripps Networks (SNI)/Discovery Communications (DISCA), Ryvicker argues. The analyst likes the current entry point for Disney shares.
09/05/17
WELS
09/05/17
DOWNGRADE
Target $32
WELS
Market Perform
Viacom downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Marci Ryvicker downgraded Viacom (VIAB) to Market Perform and lowered her price target for the shares to $32 from $43. Investors may need to start increasing exposure to media companies with solid streaming strategies given the push into over-the-top, and Viacom does not have one, Ryvicker tells investors in a research note. The analyst does not see much visibility into a turnaround for Viacom's affiliate fee growth. Ryvicker this morning also upgraded Disney (DIS) to Outperform.
09/05/17
09/05/17
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. Disney (DIS) upgraded to Outperform from Market Perform at Wells Fargo with analyst Marci Ryvicker saying concerns over potential dilution from the BAMTech stake and the streaming apps are "widely overdone." 2. Patterson-UTI (PTEN) upgraded to Overweight from Neutral at JPMorgan with analyst Sean Meakim saying the 26% selloff since July 19 has created a buying opportunity. 3. lululemon (LULU) upgraded to Positive from Neutral at Susquehanna with analyst Sam Poser citing improved product mix, momentum carrying into the third quarter and inventory flow to stores that is finally supporting consumer engagement. 4. U.S. Steel (X) upgraded to Buy from Neutral at BofA/Merrill with analyst Timna Tanners saying the U.S. premium to Chinese prices has fallen to just about $75/ton, half the leves he considers "normal" and expects HRC can "surge toward $700/ton by year end. 5. Prologis (PLD) upgraded to Buy from Hold at SunTrust with analyst Ki Bin Kim citing valuation and several positive catalysts. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CRM Salesforce
$96.38

-0.47 (-0.49%)

08/23/17
ADAM
08/23/17
NO CHANGE
Target $110
ADAM
Buy
Buy Salesforce shares if post-earnings weakness persists, says Canaccord
Canaccord analyst Richard Davis called Salesforce's (CRM) Q2 results exceptional and its Q3 deferred guidance conservative. He noted the shares traded lower after the report and said if they stay down, investors should buy the dip. He called Salesforce one of his favorite three large cap growth stocks this year, along with Adobe (ADBE) and ServiceNow (NOW), citing their current valuation and outlook. Davis reiterated his Buy rating and raised his price target to $110 from $100 on Salesforce shares.
08/23/17
BARD
08/23/17
NO CHANGE
Target $110
BARD
Outperform
Salesforce price target raised to $110 from $100 at Baird
Baird analyst Rob Oliver raised his price target on Salesforce to $110 from $100 following strong Q2 results. The analyst cited its higher than consensus billings growth and another $100M raise to its full year revenue guidance. He notes the company is showing impressive traction within its vertical approach, which he believes is key to achieving its $20B revenue target. Oliver reiterated his Outperform rating on Salesforce shares.
08/23/17
FBCO
08/23/17
NO CHANGE
Target $115
FBCO
Outperform
Salesforce price target raised to $115 from $110 at Credit Suisse
Credit Suisse analyst Michael Nemeroff raised his price target for Salesforce to $115 from $110 after "strong" Q2 results across the board. The analyst reiterates an Outperform rating on the shares.
09/06/17
MOFT
09/06/17
INITIATION
Target $125
MOFT
Buy
Salesforce initiated with a Buy at MoffettNathanson
MoffettNathanson analyst Adam Holt initiated Salesforce with a Buy and a $125 price target saying he believes the company will growth both revenues and margins faster than the market expects, driving multiple expansion. Holt is forecasting above consensus organic revenue and billings growth of 20%+ year-over-year for the next 3-5 years. The analyst said his conviction in Salesforce is based on large deal momentum, traction in verticals, and strength in commerce, CPQ, and analysts.

TODAY'S FREE FLY STORIES

ECL

Ecolab

$137.42

-0.26 (-0.19%)

10:44
01/16/18
01/16
10:44
01/16/18
10:44
Conference/Events
Ecolab management to meet with Jefferies »

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CXP

Columbia Property

$21.93

0.08 (0.37%)

10:43
01/16/18
01/16
10:43
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10:43
Conference/Events
Columbia Property management to meet with JMP Securities »

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TWTR

Twitter

$24.96

-0.45 (-1.77%)

, FB

Facebook

$179.37

-8.4 (-4.47%)

10:43
01/16/18
01/16
10:43
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10:43
Hot Stocks
Former bear says buy Twitter as growth returns, takeover potential rises »

Aegis analyst Victor…

TWTR

Twitter

$24.96

-0.45 (-1.77%)

FB

Facebook

$179.37

-8.4 (-4.47%)

03/08/13
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FB

Facebook

$179.37

-8.4 (-4.47%)

, SNAP

Snap

$13.53

-0.585 (-4.15%)

10:41
01/16/18
01/16
10:41
01/16/18
10:41
Conference/Events
FBN Securities media analysts to hold a group luncheon »

Analysts host a Group…

FB

Facebook

$179.37

-8.4 (-4.47%)

SNAP

Snap

$13.53

-0.585 (-4.15%)

TWTR

Twitter

$24.96

-0.455 (-1.79%)

GOOG

Alphabet

$1,122.26

16.74 (1.51%)

GOOGL

Alphabet Class A

$1,130.65

18.6 (1.67%)

LNKD

Acquired by MSFT

03/08/13
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  • 17

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  • 01

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    Feb

  • 08

    Feb

  • 18

    Mar

GE

General Electric

$18.14

-0.625 (-3.33%)

10:40
01/16/18
01/16
10:40
01/16/18
10:40
Periodicals
GE seen as likely to embrace company breakup, CNBC reports »

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  • 16

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    Jan

HMNY

Helios and Matheson

$7.64

-0.42 (-5.21%)

10:40
01/16/18
01/16
10:40
01/16/18
10:40
Hot Stocks
MoviePass names Natasha Mulla CMO »

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EEM

MSCI Emerging Markets Index

$49.79

0.275 (0.56%)

10:40
01/16/18
01/16
10:40
01/16/18
10:40
Options
Notable interest in iShares Emerging Markets Fund options »

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C

Citi

$77.54

0.695 (0.90%)

10:38
01/16/18
01/16
10:38
01/16/18
10:38
Hot Stocks
Citi CFO says U.S. Retail Services growing slightly above outlook »

CFO John Gerspach said…

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  • 16

    Jan

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    Jan

VPG

Vishay Precision

$27.30

0.55 (2.06%)

10:38
01/16/18
01/16
10:38
01/16/18
10:38
Conference/Events
Vishay Precision management to meet with Sidoti »

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03/06/13
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  • 16

    Jan

  • 17

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  • 29

    Mar

SITE

SiteOne Landscape

$71.28

-0.2 (-0.28%)

10:37
01/16/18
01/16
10:37
01/16/18
10:37
Conference/Events
SiteOne Landscape management to meet with William Blair »

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  • 16

    Jan

  • 17

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    Jan

IWM

iShares Trust Russell 2000 Index Fund

$159.21

1.05 (0.66%)

, RUT

Russell 2000 Index

10:36
01/16/18
01/16
10:36
01/16/18
10:36
Technical Analysis
Technical View: Russell 2000 Index crosses above 1600, new life high »

The Russell 2000 (RUT)…

IWM

iShares Trust Russell 2000 Index Fund

$159.21

1.05 (0.66%)

RUT

Russell 2000 Index

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LPTH

LightPath

$2.42

0.09 (3.86%)

10:36
01/16/18
01/16
10:36
01/16/18
10:36
Conference/Events
LightPath management to meet with Roth Capital »

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  • 16

    Jan

LOW

Lowe's

$104.00

3.14 (3.11%)

10:35
01/16/18
01/16
10:35
01/16/18
10:35
Conference/Events
Lowe's management to meet with UBS »

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  • 18

    Feb

GE

General Electric

$18.17

-0.595 (-3.17%)

10:35
01/16/18
01/16
10:35
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10:35
Periodicals
GE breakup likely, announcement may come this Spring, CNBC reports »

CNBC's David Faber…

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  • 16

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C

Citi

$77.56

0.715 (0.93%)

10:33
01/16/18
01/16
10:33
01/16/18
10:33
Hot Stocks
Breaking Hot Stocks news story on Citi »

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  • 16

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10:33
01/16/18
01/16
10:33
01/16/18
10:33
Conference/Events
UBS leisure analyst holds an analyst/industry conference call »

Leisure Analyst Farley…

ITRN

Ituran

$35.30

1.25 (3.67%)

10:33
01/16/18
01/16
10:33
01/16/18
10:33
Conference/Events
Ituran management to meet with Jefferies »

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  • 16

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C

Citi

$77.50

0.66 (0.86%)

10:33
01/16/18
01/16
10:33
01/16/18
10:33
Hot Stocks
Breaking Hot Stocks news story on Citi »

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  • 16

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AXTA

Axalta Coating

$31.99

-0.45 (-1.39%)

, UBS

UBS

$19.62

0.03 (0.15%)

10:32
01/16/18
01/16
10:32
01/16/18
10:32
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

AXTA

Axalta Coating

$31.99

-0.45 (-1.39%)

UBS

UBS

$19.62

0.03 (0.15%)

CS

Credit Suisse

$19.04

0.08 (0.42%)

NTR

Nutrien

$53.31

-0.12 (-0.22%)

CBM

Cambrex

$52.80

1.15 (2.23%)

DRNA

Dicerna

$8.42

-0.01 (-0.12%)

03/08/13
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03/06/13
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03/06/13
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  • 24

    Jan

UA

Under Armour; also tag UAA

$13.13

-1.01 (-7.14%)

, UAA

Under Armour; also tag UA

$14.21

-0.91 (-6.02%)

10:32
01/16/18
01/16
10:32
01/16/18
10:32
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…click here.

UA

Under Armour; also tag UAA

$13.13

-1.01 (-7.14%)

UAA

Under Armour; also tag UA

$14.21

-0.91 (-6.02%)

VZ

Verizon

$51.84

-0.023 (-0.04%)

LMT

Lockheed Martin

$336.31

0.06 (0.02%)

COL

Rockwell Collins

$138.14

0.31 (0.22%)

SAVE

Spirit Airlines

$47.19

-1.07 (-2.22%)

FNSR

Finisar

$22.74

0.48 (2.16%)

03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

  • 01

    Feb

  • 21

    Feb

  • 07

    Mar

QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

, TWTR

Twitter

$24.88

-0.535 (-2.11%)

10:32
01/16/18
01/16
10:32
01/16/18
10:32
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…click here.

QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

TWTR

Twitter

$24.88

-0.535 (-2.11%)

PG

Procter & Gamble

$90.31

0.7 (0.78%)

NOC

Northrop Grumman

$317.94

2.79 (0.89%)

CW

Curtiss-Wright

$133.63

4.893 (3.80%)

ADTN

Adtran

CIEN

Ciena

$22.69

0.75 (3.42%)

03/08/13
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03/06/13
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03/06/13
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  • 17

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  • 17

    Jan

  • 17

    Jan

  • 23

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  • 23

    Jan

  • 25

    Jan

  • 07

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  • 08

    Feb

  • 16

    Feb

  • 21

    Feb

  • 22

    Feb

  • 06

    Mar

TWTR

Twitter

$24.85

-0.565 (-2.22%)

10:32
01/16/18
01/16
10:32
01/16/18
10:32
Periodicals
Greenlight took 'small' stake in Twitter in Q4, Bloomberg reports »

Bloomberg cites…

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  • 07

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  • 08

    Feb

XLF

Financial Select Sector

$29.38

0.15 (0.51%)

10:30
01/16/18
01/16
10:30
01/16/18
10:30
Options
Notable spread in SPDR Financials as the sector sees strength »

Notable spread in SPDR…

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10:29
01/16/18
01/16
10:29
01/16/18
10:29
Conference/Events
UBS automotive analyst holds an analyst/industry conference call »

Automotive Analyst Hummel…

10:28
01/16/18
01/16
10:28
01/16/18
10:28
General news
Tax reform optimism, Merck help push Dow up 1% to over 26,000 »

Stock futures were strong…

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