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FB

Facebook

$178.77

0.31 (0.17%)

, SNAP

Snap

$12.64

0.2385 (1.92%)

11:25
11/14/17
11/14
11:25
11/14/17
11:25

FBN Securities Internet/tech analyst hosts a luncheon meeting

Technology & Internet Analyst Shebly Seyrafi hosts Loni Poon, Account Director at Nanigans, one of the largest Facebook marketing partners, at a Luncheon Meeting being held in New York on November 14 at 12 pm.

FB

Facebook

$178.77

0.31 (0.17%)

SNAP

Snap

$12.64

0.2385 (1.92%)

TWTR

Twitter

$20.16

-0.015 (-0.07%)

GOOG

Alphabet

$1,025.75

-2.32 (-0.23%)

GOOGL

Alphabet Class A

$1,041.20

-2.95 (-0.28%)

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FB Facebook
$178.77

0.31 (0.17%)

11/02/17
FBCO
11/02/17
NO CHANGE
Target $230
FBCO
Outperform
Facebook price target lowered to $230 from $235 at Credit Suisse
Credit Suisse analyst Stephen Ju lowered his price target for Facebook to $230 from $235 following quarterly results. The analyst reiterates an Outperform rating on the shares.
11/02/17
STFL
11/02/17
NO CHANGE
STFL
Facebook capex guidance positive for optical component suppliers, says Stifel
Stifel analyst Patrick Newton said Facebook's (FB) guidance for capital expenditures to double from a targeted $7B in 2017 to $14B in 2018 as a positive data point for Finisar (FNSR), Lumentum (LITE), Oclaro (OCLR), Fabrinet (FN), Infinera (INFN) and Ciena (CIEN). He believes Facebook's guidance reaffirms that cloud infrastructure spending is a multi-year trend and the weakness currently being experienced by optical component suppliers represents a near-term issue around timing of expenditures.
11/02/17
COWN
11/02/17
NO CHANGE
COWN
Cowen says Facebook capex step-up positive for Applied Optoelectronics, Arista
Cowen analyst Paul Silverstein said Facebook's (FB) plans to "double" its capital expenditures to $14B from $7B in 2018 represents a significant incremental revenue growth opportunity for optical component and system suppliers, particularly Applied Optoelectronics (AAOI) and Arista Networks (ANET). He thinks Applied is maintaining a strong position at Facebook and would take advantage of weakness in the shares.
11/08/17
UBSW
11/08/17
DOWNGRADE
Target $7
UBSW
Sell
Snap downgraded to Sell from Neutral at UBS
UBS analyst Eric Sheridan downgraded Snap (SNAP) to Sell and cut his price target for the shares to $7 from $12 following last night's Q3 results. The camera company is down 19%, or $2.88, to $12.24 in premarket trading. In a post-earnings research note titled "SNAP Crackle Flop," Sheridan says he finds it very likely that Snap will continue to struggle on "multiple fronts" in the coming 12 months. A redesigned app could bring opportunity but also platform disruption, Sheridan writes. He believes trying to scale its ad business amid "tepid" user growth while competing against Alphabet (GOOG), Facebook (FB) and Amazon.com (AMZN) is likely going to prove difficult for Snap.
SNAP Snap
$12.64

0.2385 (1.92%)

11/09/17
11/09/17
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. Snap (SNAP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak noting that Instagram (FB) competition is only increasing while the company's pending app redesign creates further engagement and execution risks. 2. Square (SQ) downgraded to Neutral from Buy at Citi with analyst Peter Christiansen citing expectations the shares will take a pause following the "strong" third quarter results. 3. Sunoco (SUN) downgraded to Underweight from Neutral at MUFG with analyst Barrett Blaschke citing valuation following the company's third quarter results. 4. Meet Group (MEET) was downgraded to Market Perform from Outperform at JMP Securities and to Hold from Buy at Canaccord. 5. PFSweb (PFSW) was downgraded to Hold from Buy at Craig-Hallum and Canaccord. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/09/17
11/09/17
DOWNGRADE
Target $11

Underweight
Morgan Stanley cuts Snap to Underweight with competition and risks increasing
As previously reported, Morgan Stanley analyst Brian Nowak downgraded Snap (SNAP) to Underweight from Equal Weight, noting that Instagram (FB) competition is only increasing while the company's pending app redesign creates further engagement and execution risks. The company's weaker than expected Q3 revenue and DAU growth show how its monetization and engagement challenges have been underappreciated and the chances of a turnaround have been overestimated, Nowak tells investors. He cut his price target on Snap to $11 from $14, noting that its addition of only 4M new users last quarter was the fewest in a three-month period in the company's history to the best of his knowledge.
11/09/17
MSCO
11/09/17
DOWNGRADE
MSCO
Underweight
Snap downgraded to Underweight from Equal Weight at Morgan Stanley
11/08/17
PIVT
11/08/17
NO CHANGE
Target $8
PIVT
Sell
Tencent 'highly unlikely' to ever acquire Snap, says Pivotal Research
After it was disclosed that Tencent (TCEHY) added to its pre-IPO stake in Snap (SNAP) by buying another 10% of shares outstanding, Pivotal Research analyst Brian Wieser said he believes the investment "should not make any difference to valuation" as it seems to him to be "highly unlikely that Tencent would ever be in a position to buy the whole company." To support that view, Wieser pointed to U.S. sensitivities around foreign influence in social media and China's restrictions on outbound foreign investment. He maintains a Sell rating and $8 price target on Snap shares.
TWTR Twitter
$20.16

-0.015 (-0.07%)

11/06/17
11/06/17
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. Twitter (TWTR) upgraded to Neutral from Sell at Citi with analyst Mark May saying he views the current valuation as fair, noting the shares have underperformed peers year-to-date despite rallying 41% from the post-second quarter earnings report lows. 2. Cree (CREE) upgraded to Buy from Hold at Deutsche Bank with analyst Vishal Shah saying the company's Wolfspeed business opportunity remains underappreciated even after the rally attributed to the CEO transition announcement. 3. Hyatt (H) upgraded to Outperform from Market Perform at Wells Fargo with analyst Jeffrey Donnelly saying the company's shift to a fee-driven model should lead to a higher multiple. 4. Kroger (KR) upgraded to Buy from Neutral at Northcoast. 5. Dentsply Sirona (XRAY) upgraded to Outperform from Market Perform at Barrington. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/03/17
ARGS
11/03/17
UPGRADE
Target $25
ARGS
Buy
Twitter upgraded to Buy at Argus on increasing user engagement
As previously noted, Argus analyst Jim Kelleher upgraded Twitter to Buy from Hold with a $25 price target, citing an increase in user engagement, strong growth in adjusted EBITDA, and anticipated return to annual revenue growth next year. Kelleher says that while Q3 revenue fell 4% on the year and ad revenue declined 8%, data & enterprise solutions sales were up over 20%. Usage also trended higher, with a 4% rise in monthly active users and a 14% increase in daily active users, says the analyst, adding that consensus estimates will move higher in Q4 and into FY18 based on the company's outlook for EBITDA margins.
11/03/17
11/03/17
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. Twitter (TWTR) upgraded to Buy from Hold at Argus with analyst Jim Kelleher citing an increase in user engagement, strong growth in adjusted EBITDA, and anticipated return to annual revenue growth next year. 2. Mattel (MAT) upgraded to Neutral from Underperform at DA Davidson with analyst Linda Bolton Weiser saying while the company suspended its dividend and saw a 51% decline in operating profit, she is positive on the company's 2-year $650M cost reduction program and plans to reduce its product range. 3. Wingstop (WING) upgraded to Buy from Hold at Stifel with analyst Chris O'Cull saying he thinks the consensus 2018 same-restaurant sales projection of 3% growth will prove conservative. 4. CACI (CACI) upgraded to Buy from Hold at Noble Financial with the firm's analyst saying the market overreacted to bookings and pipeline news, and views the pullback as a buying opportunity. 5. Regeneron (REGN) upgraded to Neutral from Underperform at Baird with analyst Brian Skorney citing better than expected Dupixent sales. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/06/17
SBSH
11/06/17
UPGRADE
Target $20
SBSH
Neutral
Twitter upgraded to Neutral from Sell at Citi
Citi analyst Mark May upgraded Twitter to Neutral and raised his price target for the shares to $20 from $15. The stock closed Friday up 19c to $19.90. The analyst highlights Twitter's recent stability in user metrics, advertising product improvements and recent success in signing video partner deals. He views the current valuation as fair, noting the shares have underperformed peers year-to-date despite rallying 41% from the post-Q2 earnings report lows.
GOOG Alphabet
$1,025.75

-2.32 (-0.23%)

10/31/17
ROTH
10/31/17
NO CHANGE
Target $41
ROTH
Neutral
Yelp price target raised to $41 from $35 at Roth Capital
Roth Capital analyst Darren Aftahi raised his price target for Yelp (YELP) to $41 from $35 ahead of quarterly results. Nonethless, the analyst says that while Yelp has divested of Eat24, he sees its go-forward business as remaining challenged by the likes of Facebook (FB), Google (GOOG; GOOGL), and now to a lesser extent, Snap (SNAP). He reiterates a Neutral rating on Yelp's shares.
10/27/17
BARD
10/27/17
NO CHANGE
Target $1150
BARD
Outperform
Alphabet results show ability to adapt to changing trends, says Baird
Baird analyst Colin Sebastian said Alphabet reported impressive Q3 results which showed the company's ability to adapt quickly to changing internet, advertising, and commerce trends while leveraging its advanced AI/machine learning. Sebastian reiterated his Outperform rating and raised his price target to $1,150 from $1,100 on Alphabet shares.
10/27/17
UBSW
10/27/17
NO CHANGE
Target $1165
UBSW
Buy
Alphabet report shows strong advertising momentum, says UBS
UBS analyst Eric Sheridan said Alphabet's Q3 results presented a story of stable and strong ad revenue momentum, an upside surprise on margins, and raised forward earnings estimates. The analyst said the company is deploying free cash flow into a series of long-term opportunities, which are admittedly in the early days of P&L contribution. Sheridan reiterated his Buy rating and raised his price target to $1,165 from $1,080 on Alphabet shares.
GOOGL Alphabet Class A
$1,041.20

-2.95 (-0.28%)

10/27/17
RBCM
10/27/17
NO CHANGE
RBCM
Alphabet Class A price target raised to $1,125 from $1,050 at RBC Capital
RBC Capital analyst Mark Mahaney raised his price target on Alphabet Class A to $1,125 from $1,050 and maintained an Outperform rating, citing an impressive Q3 where all fundamental trends were positive, including year-over-year revenue growth and operating margin expansion.
10/27/17
GSCO
10/27/17
NO CHANGE
Target $1175
GSCO
Conviction Buy
Alphabet price target raised to $1,175 from $1,125 at Goldman Sachs

TODAY'S FREE FLY STORIES

MDR

McDermott

$8.25

0.36 (4.56%)

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LXFT

Luxoft

$35.44

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TDY

Teledyne

$221.27

1.165 (0.53%)

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Teledyne awarded $7.51M Navy contract »

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Leerink healthcare analysts to hold an analyst/industry conference call »

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MDU

MDU Resources

$25.86

-0.265 (-1.01%)

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MDU Resources increases quarterly dividend »

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GS

Goldman Sachs

$199.90

-2.53 (-1.25%)

11:29
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Periodicals
Goldman Sachs CEO 'outraged' by 1MDB scandal, Bloomberg reports »

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XPO

XPO Logistics

$78.25

-0.65 (-0.82%)

11:25
11/15/18
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Options
XPO Logistics call volume above normal and directionally bullish »

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BHVN

Biohaven Pharmaceutical

$32.50

-1.2 (-3.56%)

11:25
11/15/18
11/15
11:25
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11:25
Conference/Events
Biohaven Pharmaceutical management to meet with Morgan Stanley »

Group Luncheon Meeting…

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EVFM

Evofem

$3.44

(0.00%)

11:25
11/15/18
11/15
11:25
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11:25
Conference/Events
Evofem to hold a key opinion leader event »

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Conference/Events
Morgan Stanley healthcare analysts to hold a luncheon »

Healthcare Analysts host…

SPLK

Splunk

$99.00

1.15 (1.18%)

, SAP

SAP

$104.09

0.23 (0.22%)

11:25
11/15/18
11/15
11:25
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11:25
Conference/Events
Wedbush enterprise software analyst to hold a luncheon »

Enterprise Software…

SPLK

Splunk

$99.00

1.15 (1.18%)

SAP

SAP

$104.09

0.23 (0.22%)

ORCL

Oracle

$49.62

0.78 (1.60%)

PANW

Palo Alto Networks

$171.57

-5.26 (-2.97%)

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LOXO

Loxo Oncology

$147.40

3.71 (2.58%)

11:25
11/15/18
11/15
11:25
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11:25
Conference/Events
Loxo Oncology management to meet with Morgan Stanley »

Group Luncheon Meeting…

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Conference/Events
RBC Capital software analysts to hold a group luncheon »

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MO

Altria Group

$58.61

-0.48 (-0.81%)

, BTI

British American Tobacco

$35.55

-0.96 (-2.63%)

11:22
11/15/18
11/15
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Hot Stocks
CVS 'applauds' FDA announcement to restrict flavored tobacco products »

CVS Health (CVS)…

MO

Altria Group

$58.61

-0.48 (-0.81%)

BTI

British American Tobacco

$35.55

-0.96 (-2.63%)

PM

Philip Morris

$85.26

-0.25 (-0.29%)

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11:20
11/15/18
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General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
11/15/18
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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Technical Analysis
NYSE market internals summary »

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MYL

Mylan

$34.69

0.46 (1.34%)

, QRVO

Qorvo

$63.65

0.77 (1.22%)

11:15
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OnTheFly
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's top…

MYL

Mylan

$34.69

0.46 (1.34%)

QRVO

Qorvo

$63.65

0.77 (1.22%)

LITE

Lumentum

$39.14

0.29 (0.75%)

AAPL

Apple

$188.37

1.56 (0.84%)

ATNX

Athenex

$10.80

0.52 (5.06%)

PCG

PG&E

$19.54

-6.12 (-23.85%)

HZNP

Horizon Pharma

$20.53

-0.7 (-3.30%)

PYPL

PayPal

$84.29

0.24 (0.29%)

WP

Worldpay

$82.00

-0.71 (-0.86%)

FDC

First Data

$18.00

0.17 (0.95%)

SQ

Square

$70.75

0.9 (1.29%)

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MTOR

Meritor

$15.36

-1.95 (-11.27%)

11:12
11/15/18
11/15
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11:12
Recommendations
Meritor analyst commentary  »

Meritor earnings report…

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AAPL

Apple

$188.71

1.9 (1.02%)

, LITE

Lumentum

$39.27

0.42 (1.08%)

11:12
11/15/18
11/15
11:12
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11:12
OnTheFly
Morgan Stanley says buy Apple on any weakness amid supply chain ‘noise’ »

Calling the recent…

AAPL

Apple

$188.71

1.9 (1.02%)

LITE

Lumentum

$39.27

0.42 (1.08%)

QRVO

Qorvo

$63.84

0.96 (1.53%)

GLW

Corning

$31.59

0.18 (0.57%)

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  • 26

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KBH

KB Home

$17.07

-3.73 (-17.93%)

11:10
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11:10
Options
KB Home puts lead calls 4:1 and implied volatility spikes to 52-week highs »

KB Home puts lead calls…

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11:01
11/15/18
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11:01
General news
Crude inventories for week of November 9 »

Crude oil inventories…

AUY

Yamana Gold

$2.14

0.015 (0.71%)

11:00
11/15/18
11/15
11:00
11/15/18
11:00
Options
Volatility play in Yamana Gold »

Volatility play in Yamana…

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AWI

Armstrong World

$64.99

-1.01 (-1.53%)

10:55
11/15/18
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Conference/Events
Armstrong World to hold a conference call »

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CLSN

Celsion

$1.99

-0.08 (-3.86%)

10:55
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10:55
Conference/Events
Celsion to hold a conference call »

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