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FB

Facebook

$187.77

-0.07 (-0.04%)

12:39
01/12/18
01/12
12:39
01/12/18
12:39

Morgan Stanley says Facebook still has multiple revenue levers amid uncertainty

Morgan Stanley analyst Brian Nowak noted that Facebook has announced plans to change its News Feed algorithm, which will essentially result in lower time spent on the platform. However, it is difficult to gauge the net impact of these changes and it is also unknown when these changes started, as prior commentary suggests they may have already been impacting results, Nowak tells investors. While the incremental near-term uncertainty will make Facebook "a show-me story" over the next few quarters, Nowak sees the company having multiple levers of ad revenue growth and he keeps an Overweight rating and $215 price target on the shares.

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    Feb

FB Facebook
$187.77

-0.07 (-0.04%)

01/12/18
RBCM
01/12/18
NO CHANGE
RBCM
Facebook newsfeed change to have limited impact on ad revenues, says RBC Capital
01/12/18
01/12/18
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. Facebook (FB) downgraded to Hold from Buy at Stifel with analyst Scott Devitt arguing there is currently "too much uncertainty" relating to the economic impact of the company's pending News Feed changes communicated in a post last night by CEO Mark Zuckerberg. 2. Snap (SNAP) downgraded to Underperform from Market Perform at Raymond James with analyst Aaron Kessler saying Snap is largely a Chat/Message app and not a camera company as it refers to itself. 3. Etsy (ETSY) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak citing valuation as being too expensive compared to its peers and the stock's historical average. 4. Comcast (CMCSA) downgraded to Buy from Action List Buy at TD Securities with analyst Vince Valentin citing recent shares strength and to make room of new Action List addition Shaw Communications (SJR), where he now sees better upside potential. 5. Electronic Arts (EA) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Brian Nowak citing disappointing "Star Wars: Battlefront 2" third party data. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/12/18
OPCO
01/12/18
NO CHANGE
OPCO
Facebook weakness a buying opportunity, says Oppenheimer
Oppenheimer analyst Jason Helfstein believes the recent weakness in Facebook, caused by Facebook CEO Mark Zuckerberg saying it would change the newsfeed algorithm to prioritize Social content above Publisher content, is a buying opportunity, as it shows how important the Facebook platform has become for users. Helfstein also noted that this change would also give Facebook a way to remove some of the "fake news" content that has become problematic. The analyst maintained an Outperform rating on Facebook shares. In late morning trading, Facebook shares are down 4.14% to $179.97.
01/12/18
KEYB
01/12/18
NO CHANGE
KEYB
Facebook selloff a buying opportunity, says KeyBanc
KeyBanc analyst Andy Hargreaves recommended buying Facebook on the selloff, saying the company remains inexpensive relative to its strong growth prospects. Hargreaves maintained an Overweight rating and $220 price target on Facebook shares.

TODAY'S FREE FLY STORIES

SNE

Sony

$48.38

-0.22 (-0.45%)

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BOFI

BofI Holding

$41.97

0.29 (0.70%)

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SNE

Sony

$48.38

-0.22 (-0.45%)

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SNE

Sony

$48.38

-0.22 (-0.45%)

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TJX

TJX

$84.66

-0.15 (-0.18%)

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AutoZone

$665.68

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AAP

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$119.18

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EV

Eaton Vance

$58.05

0.52 (0.90%)

TOL

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IGT

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ADBE

Adobe

$238.00

-0.04 (-0.02%)

19:54
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Recommendations
Adobe analyst commentary at JPMorgan »

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SNE

Sony

$48.38

-0.22 (-0.45%)

19:36
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  • 21

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K

Kellogg

$60.77

0.58 (0.96%)

19:28
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Kellogg management to meet with JPMorgan »

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ST

Sensata

$52.58

(0.00%)

19:24
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Earnings
Sensata backs FY18 EPS view $3.57-$3.73 following valves business sale »

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  • 21

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ST

Sensata

$52.58

(0.00%)

19:22
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Sensata enters $173M deal to sell its valves business to Pacific Industrial Co »

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  • 21

    May

ELLI

Ellie Mae

$104.16

0.35 (0.34%)

19:20
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Conference/Events
Ellie Mae management to meet with JPMorgan »

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    Jun

FB

Facebook

$184.48

1.79 (0.98%)

19:19
05/21/18
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Periodicals
U.K. lawmakers seek answers from Facebook CEO on data misuse, Reuters says »

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  • 03

    Jun

BA

Boeing

$363.95

12.71 (3.62%)

19:18
05/21/18
05/21
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Periodicals
Boeing Charleston workers to vote on union representation on May 31, WSJ says »

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  • 30

    May

ESLOY

Essilor

$0.00

(0.00%)

19:17
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Conference/Events
Essilor management to meet with JPMorgan »

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  • 23

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WIX

Wix.com

$85.45

-3.25 (-3.66%)

, SHOP

Shopify

$144.58

-2.45 (-1.67%)

19:06
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Wix.com, Shopify, Adobe analyst commentary at JPMorgan »

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Wix.com

$85.45

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SHOP

Shopify

$144.58

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ADBE

Adobe

$238.00

-0.04 (-0.02%)

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  • 21

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MU

Micron

$55.48

2.11 (3.95%)

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GSM

Ferroglobe

$11.35

0.36 (3.28%)

, CRMT

America's Car-Mart

$54.60

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GSM

Ferroglobe

$11.35

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CRMT

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MU

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$55.48

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MUFG

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AKAM

Akamai

$76.46

1.13 (1.50%)

ADBE

Adobe

$238.00

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PSTG

Pure Storage

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NDSN

Nordson

$139.50

4.45 (3.30%)

IGT

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$29.75

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LBY

Libbey

$6.84

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ARDX

Ardelyx

$5.65

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SAIL

SailPoint

$22.43

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CADE

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$29.07

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TWOU

2U

$95.50

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MYOK

MyoKardia

$48.30

-3.45 (-6.67%)

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$144.58

-2.45 (-1.67%)

AIR

AAR Corp.

$47.70

0.74 (1.58%)

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AVA

Avista

$52.62

0.07 (0.13%)

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DEST

Destination Maternity

$2.68

-0.03 (-1.11%)

18:40
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Investors say Destination Maternity needs 'fresh perspectives' »

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  • 23

    May

ARWR

Arrowhead

$9.78

-0.21 (-2.10%)

18:35
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Conference/Events
Arrowhead management to meet with Jefferies »

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  • 24

    May

JHX

James Hardie

$17.32

(0.00%)

18:31
05/21/18
05/21
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Earnings
James Hardie reports FY18 net profit $146.1M vs. $276.5M last year »

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WST

West Pharmaceutical

$90.13

0.88 (0.99%)

18:27
05/21/18
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Conference/Events
West Pharmaceutical management to meet with Jefferies »

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  • 21

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SSRM

SSR Mining

$10.30

0.02 (0.19%)

18:20
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Conference/Events
SSR Mining management to meet with Jefferies »

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  • 23

    May

PDCE

PDC Energy

$65.33

1.57 (2.46%)

18:18
05/21/18
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Hot Stocks
PDC Energy Amidon sells 8,045 common shares »

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  • 19

    Aug

GSM

Ferroglobe

$11.35

0.36 (3.28%)

18:15
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Conference/Events
Ferroglobe management to meet with Jefferies »

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