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S

Sprint

$7.91

0.06 (0.76%)

, VZ

Verizon

$47.31

0.0599 (0.13%)

10:57
09/14/17
09/14
10:57
09/14/17
10:57

Sprint CEO says plans to respond to rivals' iPhone promotions

S

Sprint

$7.91

0.06 (0.76%)

VZ

Verizon

$47.31

0.0599 (0.13%)

T

AT&T

$36.52

-0.03 (-0.08%)

TMUS

T-Mobile

$62.80

-0.18 (-0.29%)

  • 14

    Sep

  • 19

    Sep

  • 02

    Oct

  • 29

    Nov

S Sprint
$7.91

0.06 (0.76%)

08/16/17
SBSH
08/16/17
NO CHANGE
SBSH
Citi still views Sprint, T-Mobile merger as most likely
Citi analysts Michael Rollins and Jason Bazinet continue to expect 2017 to be the year of mergers and acquisitions in the Wireless space. Since attending SoftBank's (SFTBY) Q2 Investor event and meeting with T-Mobile US (TMUS) management, the analysts still view a merger scenario between Sprint (S) and T-Mobile as the most likely to emerge in the Wireless space. "We are getting the increasing sense from multiple companies in the category that the regulatory environment may be as good as it gets," Rollins and Bazinet write in a research note.
09/01/17
SBSH
09/01/17
NO CHANGE
Target $77
SBSH
Buy
T-Mobile has upside with or without Sprint merger, says Citi
Citi analyst Michael Rollins says investor feedback has been mixed on the idea of T-Mobile (TMUS) possibly buying Sprint (S) at its current price or a premium. Investors are concerned that stand-alone T-Mobile can repurchase shares and create more value over the next five years without Sprint, Rollins tells investors in a research note. The analyst sees upside potential for T-Mobile shares with or without a Sprint merger and remains a buyer of the stock. The company should build "meaningful" cash and balance sheet flexibility over the next two years, Rollins contends. The analyst, however, continues to prefer a Sprint merger, even if T-Mobile pays a premium. He raised his price target for the shares to $77 from $70, which reflects a 75% probability of T-Mobile remaining a standalone company at a $75 per share value, and a 25% probability of an $81 per share M&A value. Rollins keeps a Buy rating on T-Mobile.
08/02/17
UBSW
08/02/17
NO CHANGE
Target $9
UBSW
Neutral
Sprint progress already reflected in valuation, says UBS
UBS analyst John Hodulik noted Sprint's results showed continued subscriber growth, improving revenue trends, and margin expansion. He also said the company appears to have hit an inflection in top line trends, which is a precursor to profitability. While Hodulik said the results show the company is clearly making progress, he believes it is already reflected in the stock's valuation. Hodulik maintained his Neutral rating and $9 price target on Sprint shares.
08/14/17
UBSW
08/14/17
NO CHANGE
Target $450
UBSW
Buy
Charter price target raised to $450 from $380 at UBS
UBS analyst John Hodulik raised his price target on Charter to $450 from $380 following his review of potential strategic options for the company. The analyst looked at the increasing M&A speculation and said many of the options come with significantly higher leverage than its current ratio. He believes it can be increased and supported with free cash flow while maintaining its investment grade rating. Hodulik said applying a conservative multiple would suggest significant upside to the shares setting a possible floor for a suitor. Hodulik reiterated his Buy rating on Charter shares.
VZ Verizon
$47.31

0.0599 (0.13%)

07/26/17
SBSH
07/26/17
NO CHANGE
SBSH
Comcast should acquire Verizon for four reasons, says Citi
Citi analyst Jason Bazinet says Comcast (CMCSA) should acquire Verizon (VZ) for four reasons. Wireless would allow Comcast to extend Internet connectivity beyond the home, the deal would allow the company to push fiber deeper into neighborhoods, Verizon is apt to be the second biggest beneficiary of wireless consolidation, and Comcast could see upside if the tax code changes, Bazinet tells investors in a research note titled "Stars Are Aligning for Comcast + Verizon." The analyst sees the timing for a deal as right given Comcast's history of "trying to acquire assets that have fallen on difficult times" and the potential for a more amendable regulatory landscape under President Trump. Further, 2017 is the first year where Comcast's market capitalization exceeds Verizon's, the analyst adds. He estimates the pro forma combined company would generate $2.1B of annual synergies. Assuming a 20% premium for Verizon's equity, paid via 75% equity and 25% cash, Bazinet estimates Comcast shares would rise to $41. The stock closed yesterday up 28c to $39.75. Bazinet thinks Dish (DISH) could be the biggest loser should Comcast acquire Verizon, and he double downgraded the shares this morning to Sell from Buy.
08/02/17
DADA
08/02/17
NO CHANGE
DADA
RadiSys weakness overdone, says DA Davidson
DA Davidson analyst Thomas Diffely says that a change in strategy by Verizon (VZ) has "severely impacted" RadiSys' (RSYS) 2017 results. However, the analyst thinks that the decline in the stock was overdone, and he keeps a Buy rating on the shares.
09/05/17
MSCO
09/05/17
NO CHANGE
Target $53
MSCO
Overweight
Morgan Stanley predicts another 5c dividend hike coming for Verizon
Morgan Stanley analyst Simon Flannery said he sees a few arguments for Verizon continuing its recent dividend growth pattern, but he also sees some counter-arguments for a smaller increase or even a dividend freeze. In the end, he expects the company, which has raised its dividend annually since 2007, will hike its annual dividend by 5c this quarter, most likely with an announcement being made this Thursday, September 7. Flannery keeps an Overweight rating and $53 price target on Verizon shares.
T AT&T
$36.52

-0.03 (-0.08%)

07/13/17
BOFA
07/13/17
DOWNGRADE
Target $39
BOFA
Neutral
AT&T downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst David Barden downgraded AT&T (T) to Neutral from Buy and cut its price target to $39 from $46 on reduced visibility into catalysts such as corporate tax reform and potential headwinds from the Time Warner (TWX) merger. Barden expects the associated overhang of $40B in new equity issuance and the tightening of the deal spread will increasingly pressure AT&T's stock. Additionally, the analyst trimmed Q2 estimates due to a seasonally difficult quarter saying video, voice, and broadband metrics are expected to be challenging and AT&T is losing share in each category.
08/10/17
08/10/17
DOWNGRADE
Target $4

Hold
Synacor downgraded to Hold at Craig-Hallum
As previously reported, Craig-Hallum analyst Jason Kreyer downgraded Synacor (SYNC) to Hold from Buy saying he is "unequivocally" disappointed that the AT&T (T)portal launch has not yet monetized at a rate anticipated. The monetization engines will be cranked up slower than expected as the team is testing ads to determine how best to monetize the site, a process likely to result in a six month longer ramp than originally expected, he contends. The analyst also lowered his price target on the shares to $4 from $5.
08/03/17
JEFF
08/03/17
DOWNGRADE
Target $105
JEFF
Hold
Time Warner downgraded to Hold from Buy at Jefferies
Jefferies analyst John Janedis downgraded Time Warner (TWX) to Hold saying the AT&T (T) takeover appears on track to close in Q4. The analyst keeps a $105 price target for the shares.
07/13/17
07/13/17
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. Seagate (STX) downgraded to Underweight from Equal Weight at Barclays with analyst Mark Moskowitz saying he believes upside potential from current levels is limited. 2. AT&T (T) downgraded to Neutral from Buy at BofA/Merrill with analyst David Barden citing reduced visibility into catalysts such as corporate tax reform and potential headwinds from the Time Warner (TWX) merger. 3. Legg Mason (LM) downgraded to Neutral from Buy at Citi with analyst William Katz citing valuation with the shares up 31% year-to-date. 4. Dana Holding (DAN) downgraded to Negative from Neutral at Susquehanna. 5. Calgon Carbon (CCC) downgraded to Neutral from Buy at Janney Capital with the firm citing the amendment to the ballast water convention approved by the International Maritime Organization, that delays the implementation schedule by two years. Given the lowered estimates, the firm cut its fair value estimate on the stock to $16 from $18. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TMUS T-Mobile
$62.80

-0.18 (-0.29%)

09/14/17
KEYB
09/14/17
NO CHANGE
KEYB
Lack of Band 71 inclusion a near-term negative for T-Mobile, says KeyBanc
KeyBanc analyst Brandon Nispel says that the lack of inclusion of band 71, or 600 MHz spectrum, in iconic device launches from Samsung (SSNLF) and Apple (AAPL) is a clear negative for T-Mobile (TMUS). T-Mobile spent $8B to purchase this spectrum and will spend more capital going forward to build it out, without having the ability to put it to use for at least another year, he notes. Nispel believes investors are likely to view this as negative, and it could cause some weakness to shares.
09/07/17
KEYB
09/07/17
NO CHANGE
KEYB
T-Mobile free Netflix costs likely to only increase over time, says KeyBanc
KeyBanc analyst Brandon Nispel notes that T-Mobile (TMUS) announced a partnership with Netflix (NFLX), in which the former will provide customers who subscribe to T-Mobile One unlimited family plans with free Netflix service. The analyst estimates that the initial impact would be $72M in year one, assuming a 30% penetration rate of his estimated 2.5M eligible accounts, and seems immaterial initially. However, Nispel believes the cost of this program will only be inflationary as T-Mobile One penetration increases and T-Mobile attracts more subscribers..
09/07/17
RHCO
09/07/17
NO CHANGE
RHCO
Netflix could see boost from T-Mobile deal, says SunTrust
SunTrust analyst Matthew Thornton says that T-Mobile's (TMUS) decision to provide free subscriptions to Netflix (NFLX) with some of its wireless plans could increase Netflix's subscriber base by about 1M. The analyst thinks that the deal could raise Netflix's 2018 revenue and EBTIDA by about 1%-5%. However, the analyst keeps a $175 price target and a Hold rating on Netflix.
09/06/17
JEFF
09/06/17
NO CHANGE
Target $80
JEFF
Buy
T-Mobile's addition of Netflix should help drive customers, says Jefferies
Jefferies analyst Mike McCormack believes T-Mobile's (TMUS) inclusion of (NFLX) as part of its next Uncarrier move should help drive customer retention and acquisition at a "reasonably affordable subsidy" of $120 per year. Trends in the first half of 2017 provided T-Mobile, which is likely paying close to retail to Netflix, the flexibility to absorb such an expense within existing guidance, McCormack tells investors in an intraday research note. He finds it unlikely that another carrier will follow suite given T-Mobile's exclusive partnership with Netflix. McCormack has a Buy rating on T-Mobile with an $80 price target.

TODAY'S FREE FLY STORIES

UNH

UnitedHealth

$232.90

4.26 (1.86%)

20:31
01/16/18
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20:31
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UnitedHealth analyst commentary  »

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AVXS

AveXis

$105.01

-12.49 (-10.63%)

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AveXis 3.921M share Secondary priced at $102.00 »

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OZRK

Bank of the Ozarks

$52.23

-0.24 (-0.46%)

20:26
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Downgrade
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WP

Worldpay

$78.26

0.66 (0.85%)

, VNTV

Symbol changed to WP

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Initiation
Worldpay, Symbol changed to WP initiated  »

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BAC

Bank of America

$31.24

0.05 (0.16%)

, GS

Goldman Sachs

$258.46

1.43 (0.56%)

20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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BAC

Bank of America

$31.24

0.05 (0.16%)

GS

Goldman Sachs

$258.46

1.43 (0.56%)

USB

U.S. Bancorp

$57.17

0.19 (0.33%)

FAST

Fastenal

$55.44

-0.15 (-0.27%)

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C

Citi

$77.11

0.27 (0.35%)

20:20
01/16/18
01/16
20:20
01/16/18
20:20
Downgrade
Citi rating change  »

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O

Realty Income

$52.94

0.22 (0.42%)

19:12
01/16/18
01/16
19:12
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19:12
Hot Stocks
Realty Income raises monthly dividend to 21.9c per share from 21.25c »

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NGD

New Gold

$3.44

0.05 (1.47%)

19:05
01/16/18
01/16
19:05
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19:05
Hot Stocks
New Gold sees FY18 gold production 525,000-595,000 ounces »

Sees FY18 copper…

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NGD

New Gold

$3.44

0.05 (1.47%)

19:04
01/16/18
01/16
19:04
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19:04
Hot Stocks
New Gold reports Q4 gold production 154,446 ounces »

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NGD

New Gold

$3.44

0.05 (1.47%)

19:04
01/16/18
01/16
19:04
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19:04
Hot Stocks
New Gold reports FY17 gold production 430,864 ounces »

Reports FY17 copper…

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PYPL

PayPal

$80.42

-0.12 (-0.15%)

18:50
01/16/18
01/16
18:50
01/16/18
18:50
Earnings
PayPal sees FY18 revenue $15B-$15.25B, consensus $15.35B »

Backs FY18 TPV Growth…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 08

    Mar

CE

Celanese

$109.67

-1.67 (-1.50%)

18:32
01/16/18
01/16
18:32
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18:32
Hot Stocks
Celanese increases the price of low density polyethylene to 4c »

Celanese will increase…

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  • 26

    Jan

RIG

Transocean

$11.47

-0.73 (-5.98%)

18:27
01/16/18
01/16
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18:27
Hot Stocks
Transocean shareholders show 'overwhelming support' for Songa transaction »

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  • 16

    Jan

WMT

Walmart

$100.69

-0.18 (-0.18%)

18:13
01/16/18
01/16
18:13
01/16/18
18:13
Periodicals
Wal-Mart COO to be named international CEO, Reuters says »

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  • 20

    Feb

CME

CME Group

$152.20

-0.53 (-0.35%)

18:05
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Hot Stocks
CME reaches daily trading volume record for Henry Hub Nat Gas futures on Jan 12 »

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  • 18

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  • 01

    Feb

CE

Celanese

$109.67

-1.67 (-1.50%)

18:02
01/16/18
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18:02
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18:02
Hot Stocks
Celanese announces price increases for engineered materials polymer products »

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  • 26

    Jan

SRC

Spirit Realty

$8.07

-0.03 (-0.37%)

17:46
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17:46
Hot Stocks
Spirit Realty funds $35M into Shopko master lease »

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NTNX

Nutanix

$36.01

-1.83 (-4.84%)

17:45
01/16/18
01/16
17:45
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17:45
Conference/Events
Nutanix management to meet with Piper Jaffray »

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  • 16

    Jan

JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

, CELG

Celgene

$104.82

-1.18 (-1.11%)

17:41
01/16/18
01/16
17:41
01/16/18
17:41
Hot Stocks
On The Fly: After Hours Movers »

HIGHER: Juno Therapeutics…

JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

CELG

Celgene

$104.82

-1.18 (-1.11%)

NEWA

Newater Technology

$15.80

2.8 (21.54%)

VRS

Verso

$17.00

0.06 (0.35%)

EXEL

Exelixis

$29.65

-0.73 (-2.40%)

IPSEY

Ipsen

RNST

Renasant

$43.86

0.15 (0.34%)

IBKR

Interactive Brokers

$62.45

-0.65 (-1.03%)

CSX

CSX

$58.13

-1.12 (-1.89%)

ATEN

A10 Networks

$7.31

-0.27 (-3.56%)

HTGM

HTG Molecular

$3.50

-0.14 (-3.85%)

HIVE

Aerohive

$5.70

-0.19 (-3.23%)

OBLN

Obalon Therapeutics

$7.93

0.03 (0.38%)

XON

Intrexon

$13.77

-0.94 (-6.39%)

BOOT

Boot Barn

$19.10

-0.15 (-0.78%)

F

Ford

$13.10

-0.13 (-0.98%)

03/08/13
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03/06/13
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  • 16

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  • 08

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  • 08

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  • 15

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    Feb

  • 01

    Mar

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  • 17

    Jan

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    Jan

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    Jan

  • 19

    Jan

NRZ

New Residential

$17.63

-0.11 (-0.62%)

17:35
01/16/18
01/16
17:35
01/16/18
17:35
Earnings
Breaking Earnings news story on New Residential »

New Residential sees Q4…

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  • 17

    Jan

EXEL

Exelixis

$29.65

-0.73 (-2.40%)

17:30
01/16/18
01/16
17:30
01/16/18
17:30
Hot Stocks
Breaking Hot Stocks news story on Exelixis »

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  • 18

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    Feb

EXEL

Exelixis

$29.65

-0.73 (-2.40%)

17:30
01/16/18
01/16
17:30
01/16/18
17:30
Hot Stocks
Breaking Hot Stocks news story on Exelixis 

Exelixis trading resumes

03/08/13
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  • 18

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    Jan

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    Jan

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    Feb

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    Feb

CELG

Celgene

$104.82

-1.18 (-1.11%)

, JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

17:27
01/16/18
01/16
17:27
01/16/18
17:27
Periodicals
Celgene in discussions to acquire Juno Therapeutics, WSJ reports »

Celgene (CELG) is in…

CELG

Celgene

$104.82

-1.18 (-1.11%)

JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

03/08/13
Wedge Partners
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Citigroup
03/06/13
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  • 18

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  • 25

    Jan

  • 16

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  • 25

    Mar

17:25
01/16/18
01/16
17:25
01/16/18
17:25
Conference/Events
CFA Society of New York to hold a discussion »

The CFA Society of New…

YUMA

Yuma Energy

$1.49

-0.14 (-8.59%)

17:21
01/16/18
01/16
17:21
01/16/18
17:21
Syndicate
Breaking Syndicate news story on Yuma Energy »

Yuma Energy files $75M…

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