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CMCSA

Comcast

$38.58

-0.93 (-2.35%)

, CMCSK

Comcast

$58.00

(0.00%)

13:49
12/14/17
12/14
13:49
12/14/17
13:49

New York AG to lead multistate lawsuit to stop rollback of net neutrality

New York Attorney General Eric T. Schneiderman released the following statement upon the Federal Communications Commission's vote, announcing that he will lead a multistate lawsuit to stop the rollback of net neutrality: "The FCC's vote to rip apart net neutrality is a blow to New York consumers, and to everyone who cares about a free and open internet. The FCC just gave Big Telecom an early Christmas present, by giving internet service providers yet another way to put corporate profits over consumers. Today's rollback will give ISPs new ways to control what we see, what we do, and what we say online. That's a threat to the free exchange of ideas that's made the Internet a valuable asset in our democratic process. Today's new rule would enable ISPs to charge consumers more to access sites like Facebook and Twitter and give them the leverage to degrade high quality of video streaming until and unless somebody pays them more money. Even worse, today's vote would enable ISPs to favor certain viewpoints over others. New Yorkers deserve the right to a free and open Internet. That's why we will sue to stop the FCC's illegal rollback of net neutrality. Today's vote also follows a public comment process that was deeply corrupted, including two million comments that stole the identities of real people. This is a crime under New York law - and the FCC's decision to go ahead with the vote makes a mockery of government integrity and rewards the very perpetrators who scammed the system to advance their own agenda. This is not just an attack on the future of our internet. It's an attack on all New Yorkers, and on the integrity of every American's voice in government - and we will fight back." Publicly traded Internet Service Providers include Comcast (CMCSA), Verizon (VZ), AT&T (T) and Charter (CHTR). Reference Link

CMCSA

Comcast

$38.58

-0.93 (-2.35%)

CMCSK

Comcast

$58.00

(0.00%)

VZ

Verizon

$52.47

-0.42 (-0.79%)

T

AT&T

$37.89

-0.155 (-0.41%)

CHTR

Charter

$329.00

-0.99 (-0.30%)

CMCSA Comcast
$38.58

-0.93 (-2.35%)

12/11/17
BTIG
12/11/17
NO CHANGE
BTIG
BTIG says Comcast could pay 'significantly' more for Fox assets than Disney
BTIG analyst Richard Greenfield said earlier in a note to investors that he believes Comcast (CMCSA) could pay "significantly more" for the assets that Fox (FOXA) is reportedly looking to sell than could Disney (DIS). He also believes Comcast could have a better chance of securing regulatory approval for a deal if they are willing to spin off all of the regional sports networks that a combined entity would own.
11/22/17
PIPR
11/22/17
NO CHANGE
Target $25
PIPR
Overweight
TiVo ITC win raises odds of Comcast renewal, says Piper Jaffray
Piper Jaffray analyst Michael Olson said the International Trade Commission ruling in favor of TiVo (TIVO) increases the likelihood that a renewal deal with Comcast (CMCSA) will be reached, but he does not have it built into his estimates until early 2018. He maintains an Overweight rating and $25 price target on TiVo shares, which are up nearly 13% to $19.90 in pre-market trading.
12/13/17
RILY
12/13/17
DOWNGRADE
Target $18
RILY
Neutral
TiVo downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Eric Wold downgraded TiVo (TIVO) to Neutral and lowered his price target for the shares to $18 from $24. The analyst has heightened concerns around the company's dispute with Comcast (CMCSA). The cable giant has worked around the ITC ruling, which opens the door to potentially working to avoid an ongoing license, Wold tells investors in a research note.
12/07/17
JEFF
12/07/17
NO CHANGE
JEFF
Jefferies sees Disney, not Comcast, as more likely Fox suitor
Amid press reports that suggest Comcast (CMCSA) continues to pursue 21st Century Fox (FOXA) along with Disney (DIS), Jefferies analyst John Janedis says he sees Disney as the more likely suitor given the regulatory concerns with a Comcast deal. The analyst believes Comcast would need to offer a premium to Disney for Fox to compensate for more regulatory risk. However, assuming Comcast has interest in the same assets as Disney, and using the same $66B value for Fox's assets, the analyst estimates the deal would be high-single-digit dilutive to Comcast earnings, versus neutral to Disney due to relative tax rates.
CMCSK Comcast
$58.00

(0.00%)

11/10/17
COWN
11/10/17
NO CHANGE
Target $30
COWN
Outperform
Court win versus Comcast could lift TiVo shares $6, says Cowen
Cowen analyst Robert Stone noted the FTC has extended its target date for completion of the TiVo (TIVO) and Comcast (CMCSA) investigation to November 16. The analyst believes TiVo will prevail and he believes a win could add $6 to its current valuation. Stone also believes Tivo remains significantly undervalued and he reiterated his Outperform rating and $30 price target on TiVo shares.
11/13/17
PIPR
11/13/17
NO CHANGE
PIPR
Overweight
TiVo CEO selection removes one uncertainty, says Piper Jaffray
Piper Jaffray analyst Michael Olson noted that TiVo's (TIVO) newly-named CEO Enrique Rodriguez has a "strong industry background" including experience launching and improving various entertainment platforms. Olson added that the CEO selection removes one uncertainty, but the status of a renewal at Comcast (CMCSA) remains investors' primary focus. He keeps an Overweight rating on TiVo shares.
VZ Verizon
$52.47

-0.42 (-0.79%)

12/14/17
12/14/17
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. Verizon (VZ) downgraded to Hold on valuation at HSBC with analyst Sunil Rajgopal saying the recent rally limits upside. 2. Blue Buffalo Pet Products (BUFF) downgraded to Hold from Buy at Deutsche Bank with analyst Faiza Alwy citing valuation concerns as the stock is up 35% over the last six months. 3. Nielsen (NLSN) downgraded to Underweight from Equal Weight at Barclays with analyst Manav Patnaik saying he sees challenging end markets for the company as well as credibility concerns following a year of "poor" execution. 4. Valeant (VRX) downgraded to Underweight from Neutral at JPMorgan with analyst Chris Schott saying he sees better opportunities in the sector following the recent rally in the shares. 5. Pier 1 Imports (PIR) downgraded to Sell from Hold at Gordon Haskett with analyst Chuck Grom citing the third quarter miss and lowered guidance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/14/17
HSBC
12/14/17
DOWNGRADE
Target $52
HSBC
Hold
Verizon downgraded to Hold on valuation at HSBC
HSBC analyst Sunil Rajgopal downgraded Verizon to Hold from Buy saying the recent rally limits upside and maintained a $52 price target.
12/12/17
12/12/17
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. Verizon (VZ) upgraded to Buy from Neutral at Nomura Instinet by analyst Jeffrey Kvaal, who said that better visibility into subscriber growth, rising average revenue per user and cost control will drive earnings growth in 2018. Further, he believes tax reform should also boost the company's earnings. The analyst thinks signs of easing competition may also spur multiple expansion. 2. Northrop Grumman (NOC) upgraded to Overweight from Neutral at JPMorgan by analyst Seth Seifman, who said that more profitable F-35 growth will accelerate in 2018 while management's initial take on the Orbital ATK (OA) deal, including synergies, will prove conservative. He called Northrop his top defense prime pick. 3. Activision Blizzard (ATVI) upgraded to Buy from Neutral at Goldman Sachs by analyst Christopher Merwin, who recommends owning this discounted "high-quality" asset ahead of accelerating earnings growth over the next 2-3 years. Merwin raised Activision's 2019 and 2020 estimates to reflect a robust pipeline of games including Diablo, Overwatch 2, and a Blizzard mobile title, which he does not believe Street estimates fully reflect. 4. Abbott (ABT) upgraded to Outperform from Market Perform at BMO Capital by analyst Joanne Wuensch, who said she is placing the stock on her "Top Picks" list, noting that 2018 will be the "year of execution" with several product launches ahead and acquisitions of Alere and St. June in the past. 5. HCA Healthcare (HCA), Tenet (THC) and Universal Health (UHS) upgraded to Buy from Neutral at Citi by analyst Ralph Giacobbe, who cited a more constructive view on the hospital space. The analyst sees a better volume backdrop in 2018 and low expectations for the sector. He believes hospital stocks offer an attractive upside scenario. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/12/17
NOMU
12/12/17
UPGRADE
Target $61
NOMU
Buy
Verizon upgraded to Buy from Neutral at Nomura Instinet
Nomura Instinet analyst Jeffrey Kvaal upgraded Verizon Communications to Buy and raised his price target for the shares to $61 from $47. The stock closed yesterday up 75c to $51.84. Better visibility into subscriber growth, rising average revenue per user and cost control will drive earnings growth in 2018, Kvaal tells investors in a research note. Further, he believes tax reform should also boost the company's earnings. The analyst thinks signs of easing competition may also spur multiple expansion.
T AT&T
$37.89

-0.155 (-0.41%)

12/14/17
HDLY
12/14/17
NO CHANGE
HDLY
Hilliard Lyons Top Ideas for Year-End 2017
Hilliard Lyons Research named its Top Ideas for Year-End 2017. They are: Pinnacle Financial (PNFP), Disney (DIS), J.M. Smucker (SJM), NextEra Energy (NEE), Zoetis (ZTS), Leggett & Platt (LEG), South Jersey Industries (SJI), Tanger Factory (SKT), Physicians Realty Trust (DOC), VMware (VMW), AT&T (T), and American Water (AWK).
11/29/17
KEYB
11/29/17
NO CHANGE
KEYB
Q3 results, analysis of Q4 viewership trends show some bright spots, says KeyBanc
KeyBanc analyst Andy Hargreaves notes that the Department of Justice's decision to sue to block AT&T (T)/Time Warner (TWX) seems likely to halt additional M&A until a resolution is reached. Additionally, the analyst points out that Q4 viewership trends appear most positive for Discovery (DISCA), Viacom (VIAB) so far, and 21st Century Fox (FOXA) remains his favorite long among TV network stocks.
12/04/17
JEFF
12/04/17
NO CHANGE
Target $194
JEFF
Hold
Jefferies sees Aetna trading at 10% discount to deal price
Jefferies analyst David Windley sees Aetna (AET) trading at a 10% spread to the $207 per share price paid by CVS Health (CVS) given the deal's "regulatory hurdles." The analyst sees Aetna trading today to $186 per share. Aetna in premarket trading is up 3%, or $5.99, to $187.30. Windley raised his price target for the stock to $194 from $185 and keeps a Hold rating on the name. The Department of Justice's stance on another major vertical integration, AT&T's (T) acquisition of Time Warner (TWX), suggests the CVS, Aetna transaction could face "significant scrutiny," Windley tells investors in a research note. He believes the regulatory cycle will likely take 9-12 months and may require some Part D divestitures.
12/05/17
COWN
12/05/17
NO CHANGE
Target $170
COWN
Outperform
SBA Communications price target raised to $170 from $155 at Cowen
Cowen analyst Colby Synesael raised his price target on SBA Communications (SBAC) to $170 from $155 following meetings with management. The analyst noted its opportunities with Sprint (S) and AT&T (T) along with the small likelihood of M&A. Synesael reiterated his Outperform rating on SBA Communications shares.
CHTR Charter
$329.00

-0.99 (-0.30%)

12/04/17
12/04/17
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. Old Dominion (ODFL) downgraded to Sell from Hold at Deutsche Bank with analyst Amit Mehrotra saying the shares screen as the most expensive within Transports on a relative value basis. 2. Charter (CHTR) downgraded to Underweight from Equal Weight at Barclays with analyst Kannan Venkateshwar saying he sees cable companies facing "increasing headwinds" in 2018 due to growing competitive pressure in video, slowdown in broadband growth and levered balance sheets. 3. Nokia (NOK) downgraded to Underperform from Neutral at Exane BNP Paribas. 4. Public Storage (PSA) was downgraded to Underperform from Neutral and Corporate Office Properties (OFC) was downgraded to Neutral from Buy at BofA/Merrill. 5. Warrior Met Coal (HCC) downgraded to Sector Perform from Outperform at RBC Capital with analyst Sam Crittenden saying the stock price has run up 76% since the April IPO and now encounters potential near term headwinds of possible lower fourth quarter production based on the execution risk of three long wall moves in the quarter. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/04/17
LEHM
12/04/17
DOWNGRADE
LEHM
Underweight
Charter downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Kannan Venkateshwar downgraded Charter Communications to Underweight as part of his downgrade of the U.S. Cable & Satellite Communications sector to Neutral. The analyst sees cable companies facing "increasing headwinds" in 2018 due to growing competitive pressure in video, slowdown in broadband growth and levered balance sheets. He views estimates and valuations in the space as optimistic and has a $283 price target for Charter shares.
12/13/17
BUCK
12/13/17
INITIATION
Target $415
BUCK
Buy
Charter initiated with a Buy at Buckingham
Buckingham analyst Matthew Harrigan Charter with a Buy and $415 price target saying management is focused on Time Warner Cable and Bright House operations and believes buyback activity can create superior long-term financial engineering upside relative to immediate M&A.
11/14/17
RHCO
11/14/17
NO CHANGE
Target $18
RHCO
Buy
WideOpenWest price target lowered to $18 from $24 at SunTrust
SunTrust analyst Greg Miller lowered his price target on WideOpenWest to $18 following Q3 earnings miss, saying tighter competition and the impact from Hurricane Irma drove the shortfall. The analyst says that while the company's pending fiber network sale improves liquidity and supports Edge-Out penetration growth, competition from Charter's (CHTR) Spectrum and AT&T's (T) DirecTV offers exacerbate the decline. Miller maintains a Buy rating on the stock.

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Technical Take: Energy Select Sector SPDR hits new 52-week high »

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BMRN

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-3.64 (-4.07%)

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Diamond Offshore

$20.60

0.71 (3.57%)

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Diamond Offshore call volume above normal and directionally bullish »

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ALB

Albemarle

$104.25

0.17 (0.16%)

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Conference/Events
Albemarle management to meet with UBS »

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GIS

General Mills

$42.00

0.23 (0.55%)

11:40
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Conference/Events
General Mills management to meet with UBS »

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11:38
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4-Week Bill Auction Total Amount data reported »

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MYND

MYnd Analytics

$2.66

-0.5 (-15.82%)

11:33
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11:33
Syndicate
Breaking Syndicate news story on MYnd Analytics »

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AZO

AutoZone

$620.18

-45.5 (-6.84%)

11:32
05/22/18
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Technical Analysis
Technical Take: AutoZone back near lows of the day »

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TJX

TJX

$87.50

2.84 (3.35%)

11:30
05/22/18
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Earnings
TJX sees Q2 revenue approx. $9B, consensus $8.47B »

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RCII

Rent-A-Center

$10.07

-0.14 (-1.37%)

11:30
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Notable ratio spread in Rent A Center »

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TJX

TJX

$86.77

2.11 (2.49%)

11:28
05/22/18
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Earnings
TJX sees FY19 revenue $37.7B-$37.9B, consensus $37.87B »

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TGT

Target

$76.39

-0.47 (-0.61%)

, AMZN

Amazon.com

$1,580.04

-5.51 (-0.35%)

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On The Fly: What to watch in Target's earnings report »

Target (TGT) is scheduled…

TGT

Target

$76.39

-0.47 (-0.61%)

AMZN

Amazon.com

$1,580.04

-5.51 (-0.35%)

WMT

Walmart

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ONCE

Spark Therapeutics

$74.00

0.97 (1.33%)

, BMRN

BioMarin

$85.77

-3.58 (-4.01%)

11:21
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BMRN

BioMarin

$85.77

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ADSK

Autodesk

$138.56

1.05 (0.76%)

11:20
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Options
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TJX

TJX

$86.18

1.52 (1.80%)

11:17
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TJX 'disproportionally' attracting millennial customers »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
05/22/18
05/22
11:17
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11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
05/22/18
05/22
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11:16
Technical Analysis
NYSE market internals summary »

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11:15
05/22/18
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General news
Breaking General news story  »

4-Week Bill Auction to be…

TJX

TJX

$86.14

1.48 (1.75%)

11:13
05/22/18
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11:13
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TJX analyst commentary  »

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