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MAT

Mattel

$17.64

3.02 (20.66%)

, HAS

Hasbro

$96.83

5.38 (5.88%)

09:41
11/14/17
11/14
09:41
11/14/17
09:41

Hasbro move for Mattel 'likely to alarm' Disney, NY Post reports

The prospect of Hasbro (HAS) making a move to buy Mattel (MAT) is "likely to alarm" Disney (DIS) and other licensors, The New York Post reports. According to toy consultant Richard Gottlieb, "If there is no Mattel to bid against the dollars go down," adding "It wouldn't surprise me to see Disney make a run at Mattel. If Disney were to own Mattel it could keep the licensing in-house." Reference Link

MAT

Mattel

$17.64

3.02 (20.66%)

HAS

Hasbro

$96.83

5.38 (5.88%)

DIS

Disney

$104.74

(0.00%)

MAT Mattel
$17.64

3.02 (20.66%)

11/14/17
DADA
11/14/17
NO CHANGE
Target $124
DADA
Buy
Hasbro benefits from Mattel acquisition would be immense, says DA Davidson
DA Davidson analyst Linda Bolton Weiser says that if The Wall Street Journal speculation of a Mattel (MAT) takeover by Hasbro (HAS) comes to fruition, at $18 per share price point the Hasbro EPS accretion potential could be at $7.50-$8.50. Weiser adds the benefits of the combination would be immense, noting that her analysis does not even include the revenue synergies potential, as Hasbro may apply its content development capabilities to Mattel's brands. The analyst keeps her Buy rating and $124 price target on Hasbro.
11/13/17
JEFF
11/13/17
NO CHANGE
JEFF
Jefferies views potential Hasbro, Mattel merger as possible
With highly different cultures and strategies, the possible merger between Hasbro (HAS) and Mattel (MAT) is less about financial accretion and more about risk/disruption, comparative uses of capital, and related returns, Jefferies analyst Stephanie Wissink tells investors in a research note. "Possible - yes; productive - less so," is how the analyst describes the possible tie-up. She believes the level of profit augmentation from a deal is heavily dependent on what kind of cost duplication actually exists and what levels of investment would be required to rebuild Mattel's sales model.
11/03/17
DADA
11/03/17
UPGRADE
Target $12
DADA
Neutral
Mattel upgraded to Neutral from Underperform at DA Davidson
DA Davidson analyst Linda Bolton Weiser upgraded Mattel to Neutral from Underperform and kept her $12 price target following Q3 results. While the company suspended its dividend and saw a 51% decline in operating profit, the analyst is positive on the company's 2-year $650M cost reduction program and plans to reduce its product range. Weiser also notes the company is not facing any imminent liquidity issues given its credit ratings.
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.
HAS Hasbro
$96.83

5.38 (5.88%)

10/24/17
BMOC
10/24/17
NO CHANGE
Target $83
BMOC
Market Perform
Hasbro price target lowered to $83 from $90 at BMO Capital
BMO Capital analyst Gerrick Johnson lowered his price target on Hasbro to $83 following Q3 results and lower Q4 guidance. While the Toys R Us bankruptcy was an issue, Johnson writes in his research note, the company is also constrained by the overall underperformance of movie-related toys as suggested by other retailers. Johnson keeps his Market Perform rating on Hasbro, lowering his FY18 EPS forecast to $5.00 from $5.09.
10/24/17
10/24/17
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. Hasbro (HAS) upgraded to Overweight from Equal Weight at Barclays with analyst Felicia Hendrix saying she believes the 8.6% selloff in shares yesterday on news of the Toys R Us bankruptcy is overdone. 2. Party City (PRTY) upgraded to Outperform from Market Perform at BMO Capital with analyst Wayne Hood saying the 34% pullback in shares over the past 12 months creates a favorable risk/reward entry point. 3. Alon USA Partners (ALDW) upgraded to Outperform from Neutral at Macquarie. 4. EnLink Midstream (ENLC) upgraded to Buy from Neutral at UBS with analyst Shneur Gershuni saying the company's 16% interest in Oklahoma Tall Oak is underappreciated following the recent selloff in the shares. 5. Delek US (DK) upgraded to Outperform from Neutral at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DIS Disney
$104.74

(0.00%)

11/10/17
PIPR
11/10/17
NO CHANGE
Target $120
PIPR
Overweight
Disney price target lowered to $120 from $130 at Piper Jaffray
Piper Jaffray analyst Stan Meyers lowered his price target for Disney shares to $120 saying investments into BamTech, Hulu, lower ratings at ABC/ESPN and Hurricane Irma drove the miss in Q4. The analyst, however, remains "upbeat" on the shares citing a "strong" film slate, growth from recent and upcoming carriage renewals, and continued momentum at the Parks. Meyers keeps an Overweight rating on Disney.
11/10/17
BERN
11/10/17
NO CHANGE
Target $101
BERN
Market Perform
Disney deal for Fox wouldn't solve underlying problems, says Bernstein
Bernstein analyst Todd Juenger noted that Disney (DIS) has gone from a situation where reported EPS was going up but its stock price was going down to one where EPS is going down but the stock has been going up a bit driven by M&A speculation. However, he contends that the current round of renewed M&A speculation is happening because underlying fundamentals are "so bad" and even if a deal for Disney to buy Fox (FOXA) assets happens it wouldn't solve the underlying problems. He also thinks the chances of a Disney-Fox deal as currently described are "very low." Juenger maintains a Market Perform rating and $101 price target on Disney shares.
11/10/17
EVER
11/10/17
NO CHANGE
Target $120
EVER
Outperform
Evercore ISI incrementally optimistic on Disney's FY18 outlook
Evercore ISI analyst Vijay Jayant came away from Disney's lackluster Q4 report incrementally optimistic on the company's FY18 outlook. He said the massive film slate for the coming year should translate into double-digit full year revenue and OIBDA gains, while underlying trends at the media networks division are improving. Jayant believes management is making the right strategic decisions and the fresh guidance could be a modest postive for sentiment. Jayant rares Disney and Outperform with a $120 price target.
11/10/17
LOOP
11/10/17
NO CHANGE
Target $104
LOOP
Hold
Disney revenue miss due to shortfall at Media Networks, says Loop Capital
Loop Capital analyst David Miller says Disney's revenue miss was largely the result of a notable shortfall at Media Networks, where sales of $5.46B were down 3.4% on the year largely because of lower advertising sales at ABC. Media's EBIT result was constrained by higher NBA rights costs, says the analyst, adding that Disney CFO has also warned that ESPN ad sales are pacing down in Q1. Miller notes that Disney's Theme Parks division is performing well, with Q4 revenues rising 6.4% thanks to higher occupancy levels at both Orlando and Anaheim along with the effects of surge pricing. The analyst keeps his Hold rating and nudges the price target to $104 from $103 following Q4 results.

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$284.47

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$141.08

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ANET

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$269.22

1.35 (0.50%)

, AAPL

Apple

$216.51

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$269.22

1.35 (0.50%)

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$NYE

NYSE Market Internals

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CMG

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