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NOK

Nokia

$5.05

0.04 (0.80%)

, AUDVF

Audi AG

06:35
11/29/17
11/29
06:35
11/29/17
06:35

Mapping company Here to acquire ATS for OTA tech, TechCrunch reports

Mapping company Here, which was once part of Nokia (NOK) but spun out in a EUR2.5 billion deal, is acquiring over-the-air technology developer Advanced Telematic Systems in an effort to improve how it distributes and updates its data, TechCrunch reports, citing Here. The company, which is now owned by a consortium that includes Audi (AUDVF), BMW (BMWYY), Daimler (DDAIF) and Intel (INTC), did not disclose financial terms of the deal, which is expected to close in 1Q18. Reference Link

NOK

Nokia

$5.05

0.04 (0.80%)

AUDVF

Audi AG

BMWYY

BMW

$33.67

-0.365 (-1.07%)

DDAIF

Daimler AG

$83.14

-0.1 (-0.12%)

INTC

Intel

$44.73

0.24 (0.54%)

NOK Nokia
$5.05

0.04 (0.80%)

10/30/17
ARGS
10/30/17
DOWNGRADE
ARGS
Hold
Nokia downgraded to Hold from Buy at Argus
11/07/17
EXAN
11/07/17
UPGRADE
EXAN
Neutral
Nokia upgraded to Neutral from Underperform at Exane BNP Paribas
10/27/17
JPMS
10/27/17
NO CHANGE
JPMS
Overweight
Nokia selloff yesterday overdone, says JPMorgan
JPMorgan analyst Sandeep Deshpande views yesterday's post-earnings pullback in shares of Nokia (NOK) as overdone. The analyst does not believe the company will engage in a price war unless Ericsson (ERIC) expands price cuts to other markets. Nokia should improve working capital and balance sheet relatively quickly, Deshpande tells investors in a post-earnings research note. The analyst keeps an Overweight rating on the shares.
10/30/17
ARGS
10/30/17
DOWNGRADE
Target $9
ARGS
Hold
Nokia downgraded to Hold at Argus amid worsening carrier network conditions
As noted earlier, Argus analyst Jim Kelleher downgraded Nokia to a Hold from Buy with a $9 per ADR price target. Kelleher says the wireless infrastructure market is in decline, given that 4G is largely built out in mature economies, 3G is built out in growth/frontier markets, and the timeline for launching 5G is several years out. The analyst says the company will focus on cost management until the 5G market begins to rev up, though in the absence of clear standards, the timeline for launching that technology is uncertain.
AUDVF Audi AG

BMWYY BMW
$33.67

-0.365 (-1.07%)

03/13/17
BERN
03/13/17
INITIATION
BERN
Market Perform
BMW initiated with a Market Perform at Bernstein
Price target EUR 85.
DDAIF Daimler AG
$83.14

-0.1 (-0.12%)

09/08/17
EVER
09/08/17
UPGRADE
EVER
Outperform
Daimler AG upgraded to Outperform from In Line at Evercore ISI
09/06/17
GSCO
09/06/17
UPGRADE
GSCO
Buy
Daimler AG upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Stefan Burgstaller upgraded Daimler AG to Buy and raised his price target for the shares to EUR 81 from EUR 80. The analyst believes a "roadmap for structural value creation" is emerging.
05/24/17
05/24/17
NO CHANGE

Perform
Opco sees limited number of competitors for Tesla's Model 3
Oppenheimer analyst Colin Rusch believes Tesla's (TSLA) Model 3 rollout is critical to its position in Advanced Driver Assist Systems. Tesla's ability to "accelerate learning cycles related to characterizing driving behavior" is facilitated by the high volume rollout of Model 3," Rusch tells investors in a research note. His channel checks indicate just fifteen models with semi-autonomous driving technology are currently available for model years 2016/2017. These cars are offered by BMW, Mercedes-Benz, Volvo, and Tesla. The analyst notes that a RAND Corporation study estimates over 11B test miles would be necessary in order to show statistically significant evidence of the autonomous vehicle's superiority over human drivers. With Model 3 enabling high mileage data collection, Tesla can accumulate the necessary mileage within just 27 months, or by mid-2021, Rusch writes. The analyst sees the potential for Tesla's ADAS value to be "significantly higher" than Mobileye's (MBLY) acquisition price if it can control the machine learning aspect of the product development. Rusch has a Perform rating on Tesla shares. The stock closed yesterday down $6.49 to $303.86.
04/21/17
BERN
04/21/17
NO CHANGE
BERN
Daimler AG named top pick among European auto makers at Bernstein
After Daimler preannounced higher than expected profit, Bernstein analyst Max Warburton says that most of the end markets of European auto makers look set to grow going forward. The analyst thinks that the heavy truck market could resume growing, and he believes that Daimler could benefit from this trend. The analyst raised his estimates on Daimler and identifies it as his top pick among European auto makers. He keeps an Outperform rating on the shares.
INTC Intel
$44.73

0.24 (0.54%)

11/17/17
DAIW
11/17/17
UPGRADE
DAIW
Buy
Intel upgraded to Buy from Outperform at Daiwa
11/13/17
LEHM
11/13/17
NO CHANGE
Target $55
LEHM
Overweight
Intel price target raised to $55 from $45 at Barclays
Barclays analyst Blayne Curtis raised his price target for Intel shares to $55 and keeps an Overweight rating on the name. Positive drivers are still ahead, including free cash flow improvement from cost controls, improving personal computer trends and the ramping of 10nm, Curtis tells investors in a research note titled "Don't Call It a Comeback; Path to $55."
11/08/17
STFL
11/08/17
NO CHANGE
STFL
Stifel says Intel purported hiring of AMD exec furthers competition with Nvidia
Commenting on reports that Raja Koduri, the head of AMD's (AMD) Radeon Technologies Group, is leaving the company and speculation that he would join Intel (INTC), Stifel analyst Kevin Cassidy said that, if true, this news points toward Intel working to build a stronger GPU and general purpose parallel processor to compete with Nvidia (NVDA). The analyst, who said "Intel is clearly not going to let Nvidia run away with the AI market," views Intel's developing strategy as positive for AMD too.
11/17/17
11/17/17
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. L Brands (LB) upgraded to Outperform from Sector Perform at RBC Capital with analyst Brian Tunick saying fundamental improvements are helping Victoria's Secret comps and margins are bouncing off their lows. 2. Nielsen (NLSN) upgraded to Buy from Neutral at Citi with analyst Jason Bazinet saying cost cuts and better sales results will help Nielsen generate better results in 2019 and 2020. 3. Anadarko (APC) upgraded to Outperform from Market Perform at BMO Capital with analyst Phillip Jungwirth saying the company's outlook suggests competitive growth, free cash flow, and shareholder returns over a multi-year span, adding that a WTI crude oil price of $55-$60/barrel can help the company generate a 3.5%-6.5% free cash flow yield by 2020. 4. Intel (INTC) upgraded to Buy from Outperform at Daiwa. 5. Square (SQ) upgraded to Outperform from In Line at Evercore ISI with analyst Stephen Richardson saying he believes Square's new products, with omnichannel capabilities, should help its upmarket progression. 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

02:35
12/14/17
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02:35
General news
FX Update: The dollar turned to consolidation »

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01:55
12/14/17
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FX Action: The USD index (DXY) fell 0.8% »

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23:00
12/13/17
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PBoC nudged rates higher »

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LPSN

LivePerson

$11.05

-0.05 (-0.45%)

20:28
12/13/17
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20:28
Initiation
LivePerson initiated at B. Riley FBR »

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  • 13

    Dec

HUSKF

Husky Energy

$12.42

-0.1177 (-0.94%)

20:26
12/13/17
12/13
20:26
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20:26
Upgrade
Husky Energy rating change at Goldman Sachs »

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COP

ConocoPhillips

$51.68

-0.28 (-0.54%)

20:25
12/13/17
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20:25
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20:25
Upgrade
ConocoPhillips rating change at Goldman Sachs »

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  • 13

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SAFM

Sanderson Farms

$167.64

0.64 (0.38%)

20:25
12/13/17
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20:25
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20:25
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
12/13/17
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19:17
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19:17
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
12/13
18:47
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18:47
Hot Stocks
AT&T and Communications Workers of America reach tentative agreement »

AT&T Mobility has…

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BMY

Bristol-Myers

$63.47

0.19 (0.30%)

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

Bristol-Myers and Ono…

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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
12/13
18:10
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18:10
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
12/13/17
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
12/13/17
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
12/13/17
18:03
Hot Stocks
Pfizer announces FDA approves IXIFI, a biosimilar to Remicade »

Pfizer announced that the…

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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
12/13/17
18:03
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
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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
12/13
18:01
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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
12/13/17
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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
12/13/17
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17:47
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
12/13/17
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17:38
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17:38
Hot Stocks
Microsoft launches new AI-powered search features for Bing »

Microsoft announced in a…

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  • 18

    Jan

TCF

TCF Financial

$20.24

-0.16 (-0.78%)

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

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