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SNAP

Snap

$13.61

0.55 (4.21%)

06:34
11/29/17
11/29
06:34
11/29/17
06:34

Snap CEO, in Axios op-ed, says to separate 'social from the media'

Evan Spiegel, co-founder and CEO of Snap, says in an op-ed for Axios, while the personalized newsfeed "revolutionized" the way people share and consume content, it came at "huge costs" to the entire media industry. Spiegel says social media fueled "fake news," because content designed to be shared by friends "is not necessarily content designed to deliver accurate information." Rather than using friends to curate a content feed, Spiegel says Snapchat "empowered" people to visually communicate with their friends. Spiegel says that with the upcoming redesign of Snapchat, "we are separating the social from the media, and taking an important step forward towards strengthening our relationships with our friends and our relationships with the media." Reference Link

SNAP Snap
$13.61

0.55 (4.21%)

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.
11/15/17
JMPS
11/15/17
DOWNGRADE
JMPS
Market Perform
Snap downgraded to Market Perform from Outperform at JMP Securities
11/15/17
11/15/17
DOWNGRADE

Market Perform
JMP cuts Snap to Market Perform on slower growth, redesign risk
As previously reported, JMP Securities analyst Ronald Josey downgraded Snap to Market Perform from Outperform citing its slowing daily active user growth and the risk that its pending app redesign could further impact DAUs. Slower user growth is likely to impact advertiser demand and further push out ad pricing growth, added Josey.
11/15/17
11/15/17
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 Market Perform from Outperform at JMP Securities with analyst Ronald Josey citing its slowing daily active user growth and the risk that its pending app redesign could further impact DAUs. 2. Johnson Controls (JCI) downgraded to Neutral from Positive at Susquehanna with analyst Robert Barry citing rising margin pressures, a weaker earnings growth outlook and less apparent upside to multiples. 3. Cardinal Health (CAH) downgraded to Hold from Buy at Argus with analyst David Toung saying price deflation in generic drugs may continue to pressure pharma distribution margins which already fell for eight consecutive quarters. 4. Cenovus Energy (CVE) downgraded to Sector Perform from Outperform at Scotiabank. 5. TechnipFMC (FTI) downgraded to Reduce from Hold at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LPSN

LivePerson

$11.05

-0.05 (-0.45%)

20:28
12/13/17
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Initiation
LivePerson initiated  »

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  • 13

    Dec

HUSKF

Husky Energy

$12.42

-0.1177 (-0.94%)

20:26
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Husky Energy rating change  »

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COP

ConocoPhillips

$51.68

-0.28 (-0.54%)

20:25
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ConocoPhillips rating change  »

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  • 13

    Dec

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SAFM

Sanderson Farms

$167.64

0.64 (0.38%)

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

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  • 14

    Dec

DB

Deutsche Bank

$19.33

-0.05 (-0.26%)

19:17
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Hot Stocks
DBNY, DBTCA raise prime lending rate to 4.5% from 4.25% »

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T

AT&T

$38.04

-0.06 (-0.16%)

18:47
12/13/17
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Hot Stocks
AT&T and Communications Workers of America reach tentative agreement »

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BMY

Bristol-Myers

$63.47

0.19 (0.30%)

18:33
12/13/17
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Hot Stocks
Bristol-Myers granted exclusive license by Ono Pharma to develop ONO-4578 »

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  • 18

    Jan

  • 05

    Mar

WFC

Wells Fargo

$59.40

-0.93 (-1.54%)

18:15
12/13/17
12/13
18:15
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18:15
Hot Stocks
Breaking Hot Stocks news story on Wells Fargo »

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  • 15

    Jan

HBAN

Huntington Bancshares

$14.58

-0.23 (-1.55%)

18:10
12/13/17
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Hot Stocks
Huntington Bancshares raises prime rate to 4.5% from 4.25% »

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ASB

Associated Banc-Corp

$25.10

-0.2 (-0.79%)

18:06
12/13/17
12/13
18:06
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18:06
Hot Stocks
Breaking Hot Stocks news story on Associated Banc-Corp »

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UBS

UBS

$17.90

0.035 (0.20%)

18:05
12/13/17
12/13
18:05
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18:05
Periodicals
UBS Wealth Management president Zeltner close to stepping down, Bloomberg says »

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PFE

Pfizer

$36.64

0.06 (0.16%)

18:03
12/13/17
12/13
18:03
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18:03
Hot Stocks
Pfizer announces FDA approves IXIFI, a biosimilar to Remicade »

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  • 04

    Jan

CNP

CenterPoint Energy

$28.40

0.02 (0.07%)

18:03
12/13/17
12/13
18:03
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18:03
Hot Stocks
CenterPoint Energy raises quarterly dividend 4% to 27.75c per share »

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MDXG

MiMedx

$11.99

-0.26 (-2.12%)

18:03
12/13/17
12/13
18:03
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Recommendations
MiMedx analyst commentary at Piper Jaffray »

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  • 13

    Dec

CE

Celanese

$108.31

1.34 (1.25%)

18:01
12/13/17
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18:01
Hot Stocks
Celanese raises acetyl intermediates products prices »

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WAL

Western Alliance

$57.30

-1.25 (-2.13%)

18:01
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Hot Stocks
Western Alliance: Sarver to transition from chairman, CEO to exec chairman in Q1 »

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USB

U.S. Bancorp

$54.60

-0.9 (-1.62%)

18:01
12/13/17
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Hot Stocks
U.S. Bancorp raises prime lending rate to 4.50% from 4.25%, effective Dec 14 »

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  • 17

    Jan

WBS

Webster Financial

$56.16

-0.73 (-1.28%)

18:00
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Hot Stocks
Webster raises prime lending rate to 4.5% from 4.25% »

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  • 14

    Dec

HSBC

HSBC

$51.44

0.89 (1.76%)

17:56
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Hot Stocks
Breaking Hot Stocks news story on HSBC »

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WTR

Aqua America

$37.59

0.32 (0.86%)

17:47
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Hot Stocks
Aqua America names CEO Christopher Franklin as board chairman »

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  • 17

    Jan

MSFT

Microsoft

$85.35

-0.23 (-0.27%)

17:38
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17:38
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17:38
Hot Stocks
Microsoft launches new AI-powered search features for Bing »

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  • 18

    Jan

TCF

TCF Financial

$20.24

-0.16 (-0.78%)

17:36
12/13/17
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17:36
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Breaking Hot Stocks news story on TCF Financial »

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CMA

Comerica

$84.81

-1.06 (-1.23%)

17:34
12/13/17
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Comerica Bank raises prime rate to 4.5% from 4.25% »

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  • 16

    Jan

CMCM

Cheetah Mobile

$11.18

-0.02 (-0.18%)

17:33
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12/13
17:33
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Hot Stocks
Breaking Hot Stocks news story on Cheetah Mobile »

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UBS

UBS

$17.89

0.03 (0.17%)

17:33
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17:33
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Periodicals
Breaking Periodicals news story on UBS »

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