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DAL

Delta Air Lines

$52.91

-0.71 (-1.32%)

, MSG

Madison Square Garden

$215.84

-1.91 (-0.88%)

14:27
10/17/17
10/17
14:27
10/17/17
14:27

Delta expands MSG, MSG Networks partnership

Delta (DAL) has renewed and expanded a 10-year marketing partnership with the Madison Square Garden Company (MSG) and MSG Networks (MSGN), solidifying New York's largest carrier as one of MSG's signature partners. Delta will remain the official airline and private jet carrier of Madison Square Garden, the Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre, the New York Knicks, the New York Rangers, the New York Liberty, the Concert Series at Madison Square Garden, Radio City Music Hall, the Christmas Spectacular Starring the Radio City Rockettes and the Boston Calling Music Festival. As part of the renewed partnership, MSG and Delta will work together on a digital content platform with pieces customized around the Knicks, Rangers, Christmas Spectacular and the Concert Series at Madison Square Garden to amplify key activations and extend the partnership's reach beyond events at MSG venues. This will include short-form video features and longer-form content series that will run across various MSG and Delta-owned marketing and media channels.

DAL

Delta Air Lines

$52.91

-0.71 (-1.32%)

MSG

Madison Square Garden

$215.84

-1.91 (-0.88%)

MSGN

MSG Networks

$21.03

0.275 (1.33%)

  • 01

    Nov

DAL Delta Air Lines
$52.91

-0.71 (-1.32%)

10/03/17
JPMS
10/03/17
NO CHANGE
JPMS
Delta Air Lines estimates lowered on Hurricane Irma impact, says JPMorgan
JPMorgan analyst Jamie Baker lowered his Q3 EPS estimate for Delta Air Lines (DAL) to $1.52 from $1.60 after the company lowered its Q3 operating margin guidance, given the impact of Hurricane Irma. Despite the downward revision, Baker maintained an Overweight rating and $63 price target on Delta shares. Baker also noted that American Airlines (AAL) was likely to guide down as well, as American has a higher percentage of capacity traveling through Florida than Delta, 15.7% to 12.7%, respectively.
10/06/17
DBAB
10/06/17
DOWNGRADE
Target $38
DBAB
Hold
Spirit Airlines downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Michael Linenberg downgraded Spirit Airlines (SAVE) to Hold and lowered his price target for the shares to $38 from $42. The company's revenue outlook "may face greater downside risk" than peers given the competitive intensity of its markets, Linenberg tells investors in a research note previewing September quarter earnings for Airlines. His favorite names in the sector are Delta Air Lines (DAL), American Airlines (AAL) and Southwest (LUV).
10/12/17
IMPC
10/12/17
UPGRADE
Target $63
IMPC
Outperform
Delta Air Lines upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst Michael Derchin upgraded Delta Air Lines to Outperform and raised his price target for the shares to $63 from $50. The company is likely to grow unit revenues in fiscal year 2018 due to pricing power in its key domestic hubs and improving international results, the analyst tells investors in a research note.
10/12/17
10/12/17
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. Delta Air Lines (DAL) upgraded to Outperform from In-Line at Imperial Capital with analyst Michael Derchin saying the company is likely to grow unit revenues in fiscal year 2018 due to pricing power in its key domestic hubs and improving international results. 2. Transocean (RIG) upgraded to Buy from Neutral at Citi with analyst Scott Gruber saying if an upturn is forthcoming, Transocean should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts. 3. Canadian Pacific (CP) upgraded to Overweight from Neutral at JPMorgan with analyst Brian Ossenbeck saying he sees a shift to stronger volume growth as the company laps contract losses and records some new contract wins. 4. Infinity upgraded to Outperform from Market Perform at Wells Fargo with analyst Jim Birchenough saying the IPI-549 monotherapy data have a "reasonable likelihood" of proof-of-concept response rate, and with likely validation of tumor macrophage targeting in immunooncology and a unique mechanism of action, upside potential is not reflected in the current stock price. 5. Kroger (KR) upgraded to Equal Weight from Underweight at Stephens with analyst Ben Bienvenu saying he believes the pursuit of strategic alternatives for the convenience store business has potential to unlock value and that the risk/reward is more balanced following the stock's recent pullback. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MSG Madison Square Garden
$215.84

-1.91 (-0.88%)

05/02/17
05/02/17
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. Adobe (ADBE) initiated with an Overweight at Barclays. 2. Okta (OKTA) initiated with a Hold at Canaccord, an Overweight at JPMorgan, and a Neutral at Goldman Sachs. 3. Enbridge (ENB) initiated with an Equal Weight at Morgan Stanley. 4. C&J Energy Services (CJ) reinitiated with an Outperform at Credit Suisse and initiated with an Equal Weight at Morgan Stanley. 5. Madison Square Garden (MSG) initiated with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/04/17
LOOP
05/04/17
NO CHANGE
Target $229
LOOP
Buy
Madison Square Garden price target raised to $229 from $222 at Loop Capital
Loop Capital analyst David Miller raised his price target for Madison Square Garden to $229 citing the "stellar" Q3 results. The headline earnings number "looked ugly on the surface, mostly due to a less robust tax shield" relative to last year, Miller tells investors in a post-earnings research note. He keeps a Buy rating on MSG.
08/18/17
LOOP
08/18/17
NO CHANGE
Target $266
LOOP
Buy
MSG's 'stellar' sales muted by charges, says Loop Capital
Loop Capital analyst David Miller says Madison Square Garden's "stellar" year-over-year revenue growth of 40% in Q4 was muted by a number of one-time charges. Investors should be comforted that MSG "is one of the very few equity plays focused completely on live entertainment," Miller tells investors in a post-earnings research note. He keeps a Buy rating on the shares with a $266 price target.
09/11/17
BTIG
09/11/17
NO CHANGE
Target $260
BTIG
Buy
Knicks sale would not be surprising after Rockets deal, says BTIG
BTIG analyst Brandon Ross noted that James Dolan and family have been actively unwinding their ties to the legacy TV bundle, both by splitting Madison Square Garden (MSG) from MSG Networks (MSGN) and via the sale of Cablevision to Altice (ATCEY). He also notes that Dolan is on record that he believes sports rights are in a bubble. Given all of this, and the recent big-ticket sale of the Houston Rockets, Ross would not be surprised to see Dolan consider a sale of the Knicks and/or Rangers, adding that selling one team or both could pave the way for an eventual "go-private" deal for the rest of MSG and its remaining live entertainment business. Ross keeps a Buy rating and $260 price target on Madison Square Garden shares.
MSGN MSG Networks
$21.03

0.275 (1.33%)

08/16/17
LOOP
08/16/17
NO CHANGE
Target $19
LOOP
Hold
MSG Networks valuation still stretched despite 'nice' Q4, says Loop Capital
Loop Capital analyst David Miller views MSG Networks' Q4 results positively saying advertising came in "less worse" than expected. The analyst, however, continues to believe the shares remain a "little stretched" at current levels. He keeps a Hold rating on MSG Networks with a $19 price target.
08/30/17
FBNS
08/30/17
UPGRADE
Target $26.92
FBNS
Outperform
MSG Networks upgraded to Outperform from Sector Perform at FBN Securities
FBN Securities analyst Robert Rougth upgraded MSG Networks to Outperform with a price target of $26.92 saying shares now trade at 7.4x 2018 estimated AOI compared with his last note when equity was at 8.5x the same metric.
10/11/17
LOOP
10/11/17
UPGRADE
Target $25
LOOP
Buy
MSG Networks upgraded to Buy from Hold at Loop Capital
Loop Capital analyst David Miller upgraded MSG Networks to Buy and raised his price target for the shares to $25 from $19. The company's free cash flow generation, both in the upcoming quarter and for all of fiscal year 2018, "will finally supercharge" its net debt/AOI ratio down to below 3.0 times by the end of the fiscal year, Miller tells investors in a research note. He believes the market is "underestimating the pace at which that will happen."

TODAY'S FREE FLY STORIES

TSLA

Tesla

$315.05

2.55 (0.82%)

10:21
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GT

Goodyear Tire

$29.94

0.63 (2.15%)

10:17
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HMC

Honda

$32.62

0.02 (0.06%)

10:05
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Honda recalls 900,000 minivans on tip forward seats, Reuters says »

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PG

Procter & Gamble

$88.43

-0.82 (-0.92%)

09:48
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11/18
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Periodicals
Activist investors Nelson Peltz still in P&G picture, Barron's says »

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

, GE

General Electric

$18.21

-0.04 (-0.22%)

09:39
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11/18
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09:39
Periodicals
Buy Baker Hughes, Barron's says »

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BHGE

Baker Hughes

$30.91

0.76 (2.52%)

GE

General Electric

$18.21

-0.04 (-0.22%)

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  • 14

    Dec

CSCO

Cisco

$35.90

0.02 (0.06%)

09:19
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11/18
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More needed for Cisco to have 'groove back,' Barron's says »

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    Jan

IBM

IBM

$148.97

-0.15 (-0.10%)

09:10
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11/18
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Periodicals
IBM could be next to fetch higher valuation, Barron's says »

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  • 27

    Nov

GE

General Electric

$18.21

-0.04 (-0.22%)

09:05
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11/18
09:05
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09:05
Periodicals
Option play offer some help given GE dividend, depressed stock, Barron's says »

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GE

General Electric

$18.21

-0.04 (-0.22%)

09:00
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11/18
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Periodicals
Risk remains after GE dividend cut, Barron's says »

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

-0.01 (-0.03%)

08:21
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11/18
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Hot Stocks
Week in review: How Trump's policies moved stocks »

Catch up on the top…

TWX

Time Warner

$88.72

0.71 (0.81%)

T

AT&T

$34.51

-0.01 (-0.03%)

NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

0.8 (1.82%)

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  • 28

    Nov

  • 29

    Nov

TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

07:25
11/18/17
11/18
07:25
11/18/17
07:25
Conference/Events
TPI Composites to host investor day »

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  • 05

    Dec

SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
11/18/17
11/18
04:55
11/18/17
04:55
Conference/Events
Synaptics management to meet with KeyBanc »

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  • 18

    Nov

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

18:01
11/17/17
11/17
18:01
11/17/17
18:01
Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

S&P Dow Jones Indices…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

    Nov

  • 06

    Dec

WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
11/17/17
11/17
18:01
11/17/17
18:01
Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
11/17/17
11/17
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17:58
Hot Stocks
Tactile Systems to replace Lumos Networks in S&P 600 at open on 11/22 »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

    Nov

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

17:56
11/17/17
11/17
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11/17/17
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Hot Stocks
Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
11/17/17
11/17
17:55
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17:55
Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

S&P 500 constituent…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

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  • 06

    Dec

UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
11/17/17
11/17
17:24
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17:24
Syndicate
Breaking Syndicate news story on UQM Technologies »

UQM Technologies files to…

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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
11/17/17
11/17
17:23
11/17/17
17:23
Periodicals
Goldman Sachs has $510M lawsuit dismissed, Reuters reports »

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VICL

Vical

$1.94

-0.02 (-1.02%)

17:18
11/17/17
11/17
17:18
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17:18
Hot Stocks
Breaking Hot Stocks news story on Vical »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
11/17/17
11/17
17:18
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17:18
Hot Stocks
Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
11/17/17
11/17
17:17
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17:17
Hot Stocks
Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
11/17/17
11/17
17:17
11/17/17
17:17
Hot Stocks
Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

17:15
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11/17
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17:15
Hot Stocks
Breaking Hot Stocks news story on MBIA »

Fine Capital Partners…

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

17:03
11/17/17
11/17
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17:03
Hot Stocks
Breaking Hot Stocks news story on Rubicon »

Bandera Partners reports…

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