Breaking News Instant updates and real-time market news.

TYPE

Monotype Imaging

$23.35

0.25 (1.08%)

08:31
02/13/18
02/13
08:31
02/13/18
08:31

Starboard and BLR say Monotype Imaging 'misguided strategy' destroying value

Starboard Value and BLR Partners, collectively one of the largest shareholders of Monotype Imaging Holdings with ownership of approximately 8.2% of the company's outstanding shares, announced that they have delivered a letter to Scott Landers, Monotype's President and CEO, and the Monotype board. In the letter, the investors "highlight the destruction of significant shareholder value under Monotype's misguided strategy of acquiring non-core, money-losing businesses." Starboard and BLR also state that they are "appreciative of constructive dialogue" with Montotype's CEO to date, but are "disappointed" that the board appears unwilling to "seriously and urgently embrace the change required at Monotype." As previously reported, Starboard Value has nominated individuals to stand for election to the Monotype board. Reference Link

  • 16

    Feb

TYPE Monotype Imaging
$23.35

0.25 (1.08%)

05/01/17
RILY
05/01/17
DOWNGRADE
Target $21
RILY
Neutral
Monotype Imaging downgraded to Neutral from Buy at B. Riley
B. Riley analyst Kevin Liu downgraded Monotype Imaging to Neutral and lowered his price target for the shares to $21 from $22.50 following the company's weaker than expected Q1 results.
12/12/17
JPMS
12/12/17
DOWNGRADE
Target $24
JPMS
Underweight
Monotype Imaging downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Sterling Auty downgraded Monotype Imaging to Underweight with an unchanged price target of $24 in conjunction with his 2018 annual outlook for Software Technology. The analyst does not expect the "exceptional performance" in Software during 2017 to repeat in 2018. As such, he's moderating his bullish outlook into next year.
12/12/17
12/12/17
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. Juno Therapeutics (JUNO) downgraded to Market Perform from Outperform at Wells Fargo, with analyst Jim Birchenough saying that while data for JCAR017 continue to support a potential best-in-class profile in aggressive lymphoma, the current valuation already reflects dominant market positioning over Gilead's (GILD) Yescarta. 2. General Dynamics (GD) downgraded to Underweight from Neutral at JPMorgan, with analyst Seth Seifman saying Gulfstream questions are unlikely to be resolved in the near term. Demand for G500/600 is ok for now, but uncertainty about ultimate production levels and the pace of the learning curve mean the transition will remain a near term overhang, the analyst said. Seifman also downgraded Raytheon (RTN) to Neutral from Underweight. 3. Adobe (ADBE), Barracuda (CUDA), GoDaddy (GDDY), Fortinet (FTNT) and Check Point (CHKP) downgraded to Neutral from Overweight and CoStar Group (CSGP), Imperva (IMPV) and Monotype Imaging (TYPE) downgraded to Underweight from Overweight at JPMorgan by analyst Sterling Auty in conjunction with his 2018 annual outlook for Software Technology. The analyst does not expect the "exceptional performance" in Software during 2017 to repeat in 2018. 4. Spark Therapeutics (ONCE) downgraded to Neutral from Buy at UBS, with analyst Carter Gould seeing a "challenging setup" for the shares after the Phase 1/2 SPK-8011 data in hemophilia A fell short of expectations. The analyst removed SPK-8011, or $29 per share, and early-stage pipeline value, or $12 per share, from his model. He finds it difficult to be more constructive on Spark shares in the near-term. 5. Electronic Arts (EA) downgraded to Buy from Conviction Buy at Goldman Sachs by analyst Christopher Merwin to reflect fewer near-term catalysts around in-game monetization of non-sports titles. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NOV

National Oilwell

$42.23

0.74 (1.78%)

21:02
06/18/18
06/18
21:02
06/18/18
21:02
Hot Stocks
National Oilwell launches GoConnect for monitoring equipment services »

National Oilwell Varco…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Jul

ROKU

Roku

$44.92

1.62 (3.74%)

, AMZN

Amazon.com

$1,724.06

7.81 (0.46%)

20:16
06/18/18
06/18
20:16
06/18/18
20:16
Periodicals
Roku may launch store for streaming subscriptions, Variety says »

Roku (ROKU) is looking to…

ROKU

Roku

$44.92

1.62 (3.74%)

AMZN

Amazon.com

$1,724.06

7.81 (0.46%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BHVN

Biohaven Pharmaceutical

$41.61

0.82 (2.01%)

20:10
06/18/18
06/18
20:10
06/18/18
20:10
Hot Stocks
Biohaven and Royalty Pharma enter funding and stock purchase agreement »

Biohaven Pharmaceutical…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jun

SPY

SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

, SPX

S&P 500

$0.00

(0.00%)

19:54
06/18/18
06/18
19:54
06/18/18
19:54
Periodicals
U.S. Trade Rep asked to identify $200B in China goods for 10% tariff, CNBC says »

In a separate report,…

SPY

SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

SPX

S&P 500

$0.00

(0.00%)

FXI

iShares China Large-Cap ETF

$46.25

-0.565 (-1.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

19:39
06/18/18
06/18
19:39
06/18/18
19:39
General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

S&P 500 e-mini…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

19:35
06/18/18
06/18
19:35
06/18/18
19:35
General news
Trump directs USTR to identify $200B in China goods for tariffs, Bloomberg says »

Trump says he intends to…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$276.58

-0.42 (-0.15%)

FXI

iShares China Large-Cap ETF

$46.25

-0.565 (-1.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

INTU

Intuit

$209.07

0.14 (0.07%)

19:30
06/18/18
06/18
19:30
06/18/18
19:30
Upgrade
Intuit rating change at Stifel »

Intuit upgraded to Buy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Jul

DPS

Dr Pepper Snapple

$121.77

0.32 (0.26%)

19:26
06/18/18
06/18
19:26
06/18/18
19:26
Downgrade
Dr Pepper Snapple rating change at Stifel »

Dr Pepper Snapple…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

T

AT&T

$32.20

-0.97 (-2.92%)

, NFLX

Netflix

$390.27

-1.56 (-0.40%)

19:24
06/18/18
06/18
19:24
06/18/18
19:24
Periodicals
AT&T plans to reduce commercials and offer smaller cable bundles, Reuters says »

The CEO of…

T

AT&T

$32.20

-0.97 (-2.92%)

NFLX

Netflix

$390.27

-1.56 (-0.40%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jun

  • 16

    Jul

TSLA

Tesla

$370.78

12.76 (3.56%)

19:14
06/18/18
06/18
19:14
06/18/18
19:14
Periodicals
Tesla to cut hundreds of jobs at Fremont plant, SVBJ reports »

Tesla has informed state…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Jul

  • 10

    Jul

  • 12

    Jul

ZTCOY

ZTE Corp.

$0.00

(0.00%)

19:03
06/18/18
06/18
19:03
06/18/18
19:03
Periodicals
Senate passes military funding bill that reimposes sanctions on ZTE, CNBC says 

Reference Link

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Sep

PLM

PolyMet Mining

$1.02

0.005 (0.50%)

19:01
06/18/18
06/18
19:01
06/18/18
19:01
Hot Stocks
Senate passes land exchange between PolyMet, U.S. Forest Service »

The U.S. Senate passed…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VIVE

Viveve

$3.82

0.09 (2.41%)

, ACAD

Acadia

$15.82

0.05 (0.32%)

18:50
06/18/18
06/18
18:50
06/18/18
18:50
Hot Stocks
On The Fly: After Hours Movers »

HIGHER: Viveve Medical…

VIVE

Viveve

$3.82

0.09 (2.41%)

ACAD

Acadia

$15.82

0.05 (0.32%)

FLNT

Fluent

$2.90

(0.00%)

CL

Colgate-Palmolive

$63.30

-1.43 (-2.21%)

PAGS

PagSeguro Digital

$32.16

-1.24 (-3.71%)

TELL

Tellurian

$10.87

-0.19 (-1.72%)

DEA

Easterly Government Properties

$20.17

0.14 (0.70%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

  • 25

    Jun

  • 19

    Jun

  • 19

    Jun

  • 22

    Jun

DENN

Denny's

$15.82

0.085 (0.54%)

18:43
06/18/18
06/18
18:43
06/18/18
18:43
Hot Stocks
Denny's CEO sells 48,767 common shares »

In a regulatory filing,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jun

PI

Impinj

$22.25

-0.13 (-0.58%)

18:38
06/18/18
06/18
18:38
06/18/18
18:38
Recommendations
Impinj analyst commentary at Piper Jaffray »

Impinj price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AAL

American Airlines

$42.44

-0.32 (-0.75%)

18:27
06/18/18
06/18
18:27
06/18/18
18:27
Periodicals
American Airlines affiliate PSA sees more flight cancellations, Bloomberg says »

American Airlines…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jun

FLNT

Fluent

$2.90

(0.00%)

18:16
06/18/18
06/18
18:16
06/18/18
18:16
Hot Stocks
Fluent CEO discloses purchase of $250K in common stock »

Fluent CEO Ryan Schulke…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VSAR

Versartis

$2.40

-0.1 (-4.00%)

17:34
06/18/18
06/18
17:34
06/18/18
17:34
Hot Stocks
Breaking Hot Stocks news story on Versartis »

Srinivas Akkaraju reports…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

QRVO

Qorvo

$85.79

0.65 (0.76%)

17:31
06/18/18
06/18
17:31
06/18/18
17:31
Hot Stocks
Qorvo names Paul Fego as corporate VP of global operations »

Qorvo announced the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jun

  • 19

    Jun

GWB

Great Western

$44.43

0.235 (0.53%)

17:31
06/18/18
06/18
17:31
06/18/18
17:31
Hot Stocks
Great Western names Karlyn Knieriem chief risk officer »

Great Western Bancorp…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WFC

Wells Fargo

$55.08

0.09 (0.16%)

17:29
06/18/18
06/18
17:29
06/18/18
17:29
Periodicals
Wells Fargo to overhaul Wealth Management business, WSJ reports »

Wells Fargo is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jun

  • 13

    Jul

  • 12

    Apr

  • 16

    Jul

  • 15

    Oct

RYTM

Rhythm Pharmaceuticals

$28.81

-3.8 (-11.65%)

17:27
06/18/18
06/18
17:27
06/18/18
17:27
Syndicate
Rhythm Pharmaceuticals files $150M common stock offering »

Morgan Stanley, BofA…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jun

  • 21

    Jun

JWN

Nordstrom

$51.60

1.11 (2.20%)

17:21
06/18/18
06/18
17:21
06/18/18
17:21
Recommendations
Nordstrom analyst commentary at Tigress Financial »

Nordstrom to expand its…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GD

General Dynamics

$195.97

0.17 (0.09%)

17:09
06/18/18
06/18
17:09
06/18/18
17:09
Hot Stocks
General Dynamics awarded $225M U.S. Navy contract modification »

General Dynamics is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ARQL

ArQule

$5.00

(0.00%)

17:09
06/18/18
06/18
17:09
06/18/18
17:09
Hot Stocks
Breaking Hot Stocks news story on ArQule »

Integrated Core…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.