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ATVI

Activision Blizzard

$62.05

0.69 (1.12%)

, TTWO

Take-Two

$103.44

-0.16 (-0.15%)

05:36
10/13/17
10/13
05:36
10/13/17
05:36

September NPD video game software sales rose 31%, says Piper Jaffray

September NPD video game software sales were up 31% year-over-year due to the launch of Destiny 2 from Activision Blizzard (ATVI), the second biggest title of the month, Piper Jaffray analyst Michael Olson tells investors in a research note. He notes the top title for the month was NBA 2K18 from Take-Two Interactive (TTWO). The analyst says Activision is tracking well ahead of his estimates and consensus, while Electronic Arts (EA) and Take-Two are slightly lagging. Olson keeps an Overweight rating on all three names.

ATVI

Activision Blizzard

$62.05

0.69 (1.12%)

TTWO

Take-Two

$103.44

-0.16 (-0.15%)

EA

Electronic Arts

$117.14

1.09 (0.94%)

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    Oct

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    Nov

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    Nov

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    Nov

ATVI Activision Blizzard
$62.05

0.69 (1.12%)

09/20/17
BARD
09/20/17
NO CHANGE
Target $68
BARD
Outperform
Activision launch of Overwatch League largely on schedule, says Baird
Baird analyst Colin Sebastian noted that Activision Blizzard announced the addition of three new Overwatch League franchises and said its inaugural season will launch on January 10, 2018, saying the "soft launch" of preseason matches in December is in line with management's original target of the second half of this year. The analyst, who expects the league to generate a modest revenue boost in the first half of FY18 and notes the company's significant expansion plans for the future, keeps an Outperform rating on Activision shares.
10/04/17
LEHM
10/04/17
INITIATION
Target $65
LEHM
Equal Weight
Activision Blizzard initiated with an Equal Weight at Barclays
Barclays analyst Ryan Gee started Activision Blizzard with an Equal Weight rating and $65 price target. The analyst thinks catalysts are priced in at current share levels. He also doesn't believe Candy Crush can grow players or that eSports will be meaningful in the near term.
10/09/17
COWN
10/09/17
DOWNGRADE
COWN
Market Perform
Activision Blizzard downgraded to Market Perform from Outperform at Cowen
10/09/17
COWN
10/09/17
DOWNGRADE
Target $66
COWN
Market Perform
Activision Blizzard downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Doug Creutz downgraded Activision Blizzard based on a combination of worries about heavy industry competition in 2018, the potential for sentiment disappointments in some of its key growth initiatives, and valuation that fairly captures its growth opportunities. Creutz maintained his $66 price target on Activision Blizzard shares.
TTWO Take-Two
$103.44

-0.16 (-0.15%)

10/04/17
LEHM
10/04/17
INITIATION
Target $115
LEHM
Overweight
Take-Two initiated with an Overweight at Barclays
Barclays analyst Ryan Gee started Take-Two Interactive Software with an Overweight rating and $115 price target. The analyst views the company as the only video game stock with potential for meaningful earnings upside and material multiple expansion. He recommends being aggressive on the shares into the Spring 2018 launch of Red Dead Online 2.
10/09/17
COWN
10/09/17
DOWNGRADE
Target $83
COWN
Market Perform
Take-Two downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Doug Creutz downgraded Take-Two to Market Perform from Outperform based on worries about heavy industry competition in 2018, a belief that FY19 will represent a significant multi-year earnings peak, and a valuation that he thinks fully captures the growth opportunities in front of the company. Creutz maintained his $83 price target on Take-Two shares.
10/09/17
COWN
10/09/17
DOWNGRADE
COWN
Market Perform
Take-Two downgraded to Market Perform from Outperform at Cowen
10/03/17
PIPR
10/03/17
NO CHANGE
PIPR
Take-Two's RDR 2 trailer drawing strong interest, says Piper Jaffray
Piper Jaffray analyst Michael J. Olson noted that Take-Two developer Rockstar released a second trailer for Red Dead Redemption 2, or RDR 2, which has drawn strong interest with 35M views and a "like to dislike" ration of 52.9. Olson believes the title will have a "blockbuster launch," and sees solid lead-ins from GTA Online and the launch of NBA 2K18. Olson maintains an Overweight rating on Take Two shares.
EA Electronic Arts
$117.14

1.09 (0.94%)

10/04/17
LEHM
10/04/17
INITIATION
Target $129
LEHM
Overweight
Electronic Arts initiated with an Overweight at Barclays
Barclays analyst Ryan Gee started Electronic Arts with an Overweight rating and $129 price target. The analyst is bullish on the company's margin expansion opportunity and accelerating digital revenue growth.
10/10/17
RHCO
10/10/17
INITIATION
Target $133
RHCO
Buy
Electronic Arts initiated with a Buy at SunTrust
SunTrust analyst Matthew Thornton started Electronic Arts with a Buy rating and $133 price target. The company's sports games offer a "growing annuity-like revenue stream with limited competition," the analyst contends.
10/11/17
10/11/17
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. Electronic Arts (EA) initiated with a Buy at SunTrust. 2. FedEx (FDX) was initiated with an Overweight at KeyBanc, while Schneider National (SNDR) was initiated with a Sector Weight. 3. Hostess Brands (TWNK) initiated with a Neutral at JPMorgan. 4. INC Research (INCR) re-initiated with an Outperform at Credit Suisse. 5. First Bank (FRBA) resumed with a Hold at Sandler O'Neill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/17
BUCK
09/20/17
INITIATION
Target $143
BUCK
Buy
Electronic Arts initiated with a Buy at Buckingham
Buckingham analyst Scott Krasik initiated Electronic Arts with a Buy and $143 price target. The analyst sees the shift to digital distribution and in-game content delivery as game changers for the video game publishers, leading to better revenue predictability and higher margins. Kraisk expects further share upside from higher sales and earnings revisions by management, multiple expansion as the company builds its IP portfolio, increased attention by consumer investors on the category as traditional retail becomes less investable.

TODAY'S FREE FLY STORIES

JPM

JPMorgan

$97.99

0.37 (0.38%)

18:12
10/18/17
10/18
18:12
10/18/17
18:12
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SEC names JPMorgan exec Redfearn Director of Division of Trading and Markets »

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VZ

Verizon

$48.65

0.25 (0.52%)

18:10
10/18/17
10/18
18:10
10/18/17
18:10
Periodicals
Verizon targets spring start of delayed online TV service, Bloomberg says »

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  • 19

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:04
10/18/17
10/18
18:04
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18:04
Hot Stocks
Steel Dynamics CEO optimistic conditions in place to benefit FY18 consumption »

CEO Mark Millet said:…

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  • 19

    Oct

CE

Celanese

$104.03

-0.24 (-0.23%)

18:03
10/18/17
10/18
18:03
10/18/17
18:03
Earnings
Celanese increases price for acetyls and engineered materials products »

Celanese will increase…

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:01
10/18/17
10/18
18:01
10/18/17
18:01
Earnings
Steel Dynamics reports Q3 ex-items EPS 66c, consensus 66c »

Reports Q3 revenue $2.4B,…

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  • 19

    Oct

OPTT

Ocean Power

$2.00

0.56 (38.89%)

17:59
10/18/17
10/18
17:59
10/18/17
17:59
Syndicate
Ocean Power files to sell common stock in 'best efforts' offering »

No amount was provided.…

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  • 20

    Oct

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

, TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

17:58
10/18/17
10/18
17:58
10/18/17
17:58
Periodicals
Japan regulators probing Toshiba reporting practices for FY16/17, Nikkei says »

Japan's Securities…

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

03/08/13
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PNW

Pinnacle West

$87.34

-0.42 (-0.48%)

17:53
10/18/17
10/18
17:53
10/18/17
17:53
Hot Stocks
Pinnacle West raises quarterly divided 6.1% to 69.5c per share »

Pinnacle West…

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GILD

Gilead

$80.01

-0.23 (-0.29%)

17:46
10/18/17
10/18
17:46
10/18/17
17:46
Hot Stocks
FDA grants regulatory approval to Kite's Yescarta »

Kite, a Gilead company,…

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    Oct

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POT

Potash

$19.24

0.08 (0.42%)

, AGU

Agrium

$107.73

0.55 (0.51%)

17:37
10/18/17
10/18
17:37
10/18/17
17:37
Hot Stocks
Potash, Agrium: India approves proposed merger of equals transaction »

Potash Corporation of…

POT

Potash

$19.24

0.08 (0.42%)

AGU

Agrium

$107.73

0.55 (0.51%)

03/08/13
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03/06/13
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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
10/18/17
10/18
17:36
10/18/17
17:36
Earnings
Valmont lowers FY17 adjusted EPS view to $6.90-$7.04 from $7.06, consensus $7.09 »

Annual guidance was…

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  • 19

    Oct

NVO

Novo Nordisk

$50.13

0.82 (1.66%)

17:36
10/18/17
10/18
17:36
10/18/17
17:36
Hot Stocks
Novo Nordisk receives positive 16-0 vote from FDA Advisory Committe »

Novo Nordisk announced…

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  • 18

    Oct

CHFS

CHF Solutions

$8.30

-0.69 (-7.68%)

17:35
10/18/17
10/18
17:35
10/18/17
17:35
Syndicate
Breaking Syndicate news story on CHF Solutions »

CHF Solutions files to…

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  • 06

    Nov

VTGN

VistaGen Therapeutics

$1.31

0.04 (3.15%)

17:33
10/18/17
10/18
17:33
10/18/17
17:33
Syndicate
Breaking Syndicate news story on VistaGen Therapeutics »

VistaGen Therapeutics…

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LLNW

Limelight Networks

$4.48

0.12 (2.75%)

, URI

United Rentals

$144.32

0.98 (0.68%)

17:32
10/18/17
10/18
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17:32
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

LLNW

Limelight Networks

$4.48

0.12 (2.75%)

URI

United Rentals

$144.32

0.98 (0.68%)

KMI

Kinder Morgan

$18.58

-0.1 (-0.54%)

ADBE

Adobe

$153.00

2.62 (1.74%)

CNAT

Conatus

$5.15

0.05 (0.98%)

EBAY

eBay

$37.97

0.48 (1.28%)

HXL

Hexcel

$58.94

0.39 (0.67%)

CCI

Crown Castle

$100.96

-0.42 (-0.41%)

ESTE

Earthstone Energy

$10.54

-0.15 (-1.40%)

PEGI

Pattern Energy

RXDX

Ignyta

$16.25

1.9 (13.24%)

HCA

HCA Healthcare

$77.45

0.63 (0.82%)

KLAC

KLA-Tencor

$108.09

0.08 (0.07%)

03/08/13
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VMI

Valmont

$160.85

1.9 (1.20%)

17:31
10/18/17
10/18
17:31
10/18/17
17:31
Earnings
Valmont reports Q3 adjusted EPS $1.56, consensus $1.61 »

Reports Q3 revenue…

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  • 19

    Oct

AGEN

Agenus

$4.71

0.04 (0.86%)

17:31
10/18/17
10/18
17:31
10/18/17
17:31
Syndicate
Breaking Syndicate news story on Agenus »

Agenus files $250M mixed…

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  • 24

    Oct

PEGI

Pattern Energy

17:31
10/18/17
10/18
17:31
10/18/17
17:31
Hot Stocks
Pattern Energy sees Q3 operating loss greater than Q316 »

On October 18, Pattern…

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  • 19

    Oct

GE

General Electric

$23.12

-0.07 (-0.30%)

17:25
10/18/17
10/18
17:25
10/18/17
17:25
Periodicals
General Electric CEO cutting expenses, employees, WSJ reports »

General Electric's…

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  • 20

    Oct

UNB

Union Bankshares

$47.10

-0.8 (-1.67%)

17:20
10/18/17
10/18
17:20
10/18/17
17:20
Hot Stocks
Union Bankshares sees Q418 charge of $3.2M on plan termination »

On October 18, the board…

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OIS

Oil States

$23.75

-0.2 (-0.84%)

17:19
10/18/17
10/18
17:19
10/18/17
17:19
Earnings
Oil States lowers Q3 revenue view to $164M from $165M-$185M, consensus $177.77M »

Oil States anticipates…

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:18
10/18/17
10/18
17:18
10/18/17
17:18
Hot Stocks
American Express says on track to cut $1B in costs by end of the year »

Says on track to cut $1B…

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  • 18

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  • 08

    Nov

OIS

Oil States

$23.75

-0.2 (-0.84%)

17:16
10/18/17
10/18
17:16
10/18/17
17:16
Hot Stocks
Breaking Hot Stocks news story on Oil States »

Oil States lowers Q3…

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:08
10/18/17
10/18
17:08
10/18/17
17:08
Hot Stocks
American Express says 'right time' for leadership transition »

Comments taken from Q3…

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  • 18

    Oct

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  • 08

    Nov

APRN

Blue Apron

$5.30

-0.08 (-1.49%)

17:06
10/18/17
10/18
17:06
10/18/17
17:06
Hot Stocks
Blue Apron to cut roughly 6% of total workforce, inclur roughly $3.5M in expense »

Blue Apron said in a…

03/08/13
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  • 02

    Nov

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