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LMCA

Liberty Media

$0.00

(0.00%)

, FWONA

Formula One Group

$33.17

0.23 (0.70%)

06:10
02/27/18
02/27
06:10
02/27/18
06:10

Liberty Media offers $1.16B for 40% stake in restructured iHeart

Lenders and noteholders of iHeartMediaInc (IHRT) yesterday said Liberty Media (LMCA) offered to buy a 40% stake in a restructured version of iHeart for $1.16B. Under the terms of the agreement, iHeart's board will consist of nine members, and Liberty will have the right to appoint four directors.

LMCA

Liberty Media

$0.00

(0.00%)

FWONA

Formula One Group

$33.17

0.23 (0.70%)

LBTYA

Liberty Global

$32.28

0.01 (0.03%)

IHRT

iHeartMedia

$0.50

-0.022 (-4.23%)

  • 27

    Feb

  • 05

    Mar

LMCA Liberty Media
$0.00

(0.00%)

03/22/17
PIPR
03/22/17
NO CHANGE
Target $18
PIPR
Overweight
Piper says survey supports positive view of Pandora shares
Piper Jaffray analyst Stan Meyers continues to believe that Liberty Media (LMCA) and SiriusXM (SIRI) remain a potential buyer of Pandora Media (P) with the price likely dependent on the success of Pandora's new Premium and Plus offerings. The analyst conducted a second survey of Pandora users and found that demand from current listeners for the Pandora Premium remained largely unchanged at 15% while interest in Pandora Plus declined from 28% to 14%. The survey shows "meaningful pent-up demand" for Pandora's new offerings, Meyers tells investors in a research note. He believes this supports his positive view on the shares. Meyers has an Overweight rating on Pandora with an $18 price target.
03/27/17
SBSH
03/27/17
INITIATION
Target $25
SBSH
Buy
WWE initiated with a Buy at Citi
Citi analyst Jason Bazinet started WWE (WWE) with a Buy rating and $25 price target. WWE's transition to a web-based subscription model should result in better growth through 2020 and increases the company's strategic value to likely suitors, such as 21st Century Fox (FOXA), Comcast (CMCSA) and Formula One (LMCA), the analyst contends.
10/19/17
FBNS
10/19/17
NO CHANGE
FBNS
FBN wonders if Liberty Media should buy rest of Live Nation
Liberty Media (LMCA) currently owns 69.6M shares of Live Nation Entertainment (LYV), or 34.4% of the outstanding shares, FBN Securities analyst Robert Routh tells investors in a research note. The stake cannot go above 35% without approval from the Live Nation board or if Liberty tenders for all the equity it does already own, the analyst points out. Liberty Media tracks its stake via Liberty Formula One Group (FWONA). Routh notes. Liberty Media's restriction on Live Nation is the same one that was in place with HSN, Inc. (HSNI), which QVC Group (QVCA) recently agreed to purchase in its entirety. The analyst wonders if it makes sense for Liberty, given where Formula One is trading, to attempt to tender for the rest of Live Nation now, using equity as the deal currency. Such a move would not only put 100% of Live Nation under the Liberty Media umbrella, it would also make it easy for Liberty to highlight the value of Formula 1, Live Nation or both without any "onerous" tax consequences, Routh contends. Shares of Live Nation are up 17c to $42.76 in midday trading.
FWONA Formula One Group
$33.17

0.23 (0.70%)

12/11/17
FBNS
12/11/17
UPGRADE
FBNS
Outperform
Formula One Group upgraded to Outperform from Sector Perform at FBN Securities
12/11/17
FBNS
12/11/17
UPGRADE
FBNS
Update: Formula One Group upgraded to Outperform at FBN Securities
As previously reported, FBN Securities analyst Robert Routh upgraded Formula One Group (FWONA) to Outperform from Sector Perform citing valuation.
12/22/17
SBSH
12/22/17
DOWNGRADE
Target $33
SBSH
Neutral
WWE downgraded to Neutral from Buy at Citi
Citi analyst Jason Bazinet downgraded WWE (WWE) to Neutral while raising his price target for the shares to $33 from $29. The benefit from tax reform is insufficient to justify the outperformance of the stock in 2017, Bazinet tells investors in a research note. He cites valuation for the downgrade. The analyst this morning also downgraded Live Nation (LYV) to Neutral for a similar rationale. Bazinet keeps a Buy rating on Formula One Group (FWONA) with a $44 price target.
LBTYA Liberty Global
$32.28

0.01 (0.03%)

01/17/18
MSCO
01/17/18
UPGRADE
MSCO
Overweight
Liberty Global upgraded to Overweight from Equal Weight at Morgan Stanley
11/24/17
SBSH
11/24/17
NO CHANGE
Target $37
SBSH
Buy
Liberty Global price target lowered to $37 from $40 at Citi
Citi analyst Simon Weeden lowered his price target for Liberty Global to $37 citing slowing cable revenue growth at the German business. The analyst, however, keeps a Buy rating on the shares. He points to potential for free cash flow recovery following the new build investment phase as well as Liberty's ability to create value as both an acquirer and target "given the strategic value of its fixed assets in a converging industry."
10/26/17
JPMS
10/26/17
NO CHANGE
JPMS
Overweight
TiVo announced another positive contract win, says JPMorgan
JPMorgan analyst Sterling Auty says TiVo's (TIVO) multi-year renewal of its licensing agreements with Liberty Global (LBTYA) is another positive contract win. The news shows the company can grow both its license and product businesses, Auty tells investors in a research note. He keeps an Overweight rating on TiVo.
01/17/18
01/17/18
UPGRADE
Target $42

Overweight
Liberty Global upgraded on U.K. new build benefits at Morgan Stanley
As previously reported, Morgan Stanley analyst Benjamin Swinburne upgraded Liberty Global to Overweight from Equal Weight, as he believes the benefit of adding over 1M new cable households through 2017 in the U.K. should help its rebased revenue growth accelerate from about 2% in 2017 to about 3.5% and 4.2%, respectively, in 2018 and 2019. Such revenue growth acceleration should support, and perhaps expand, Liberty's multiple, said Swinburne. He raised his price target on Liberty Global shares to $42 from $38.
IHRT iHeartMedia
$0.50

-0.022 (-4.23%)

03/30/17
LOOP
03/30/17
NO CHANGE
Target $6
LOOP
Hold
Loop Capital says JC Decaux expressing interest in Clear Channel nothing new
After Reuters reported earlier this month on comments from JC Decaux CEO Jean-Francois Decaux expressing interest in acquiring Clear Channel Outdoor's (CCO) U.S. business, analyst David Miller said it sounded to him "like a broken record," noting that the executive has made similar comments on many occasions before. Noting that Clear Channel shares have moved up nearly 10% over the last two weeks, Miller said he is skeptical that iHeart Media (IHRT) would sell Clear Channel Holdings unless all the assets, not just the U.S. ones, were involved and he doesn't see them disposing of it at a discount to its market multiple. He raised his price target on Clear Channel to $6 from $5.50 but keeps a Hold rating on the stock.

TODAY'S FREE FLY STORIES

13:55
07/18/18
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13:55
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13:55
Conference/Events
House Financial Services Committee to hold a hearing »

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GLW

Corning

$29.31

0.12 (0.41%)

13:54
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TSLA

Tesla

$321.21

-1.58 (-0.49%)

13:50
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Periodicals
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  • 07

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13:45
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General news
Fed Chairman Powell's 2-day semi-annual testimony has concluded »

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Breaking General news story  »

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GM

General Motors

$39.90

-0.15 (-0.37%)

, FCAU

Fiat Chrysler

$19.37

-0.295 (-1.50%)

13:42
07/18/18
07/18
13:42
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13:42
Periodicals
The U.S. auto industry aligned in push back on tariffs, WSJ says »

The U.S. auto complex,…

GM

General Motors

$39.90

-0.15 (-0.37%)

FCAU

Fiat Chrysler

$19.37

-0.295 (-1.50%)

DLPH

Delphi Technologies

$45.78

0.87 (1.94%)

BWA

BorgWarner

$46.47

0.8 (1.75%)

MGA

Magna

$61.62

1.03 (1.70%)

03/08/13
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  • 26

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HPQ

HP Inc.

$23.38

-0.22 (-0.93%)

13:40
07/18/18
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13:40
Options
Short-term put buying in H-P »

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13:30
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FX Action: USD-CAD »

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13:25
07/18/18
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General news
Treasury Action: yields rebounded from lows »

Treasury Action: yields…

AMGN

Amgen

$193.08

-0.85 (-0.44%)

13:25
07/18/18
07/18
13:25
07/18/18
13:25
Conference/Events
Brookings hosts a conversation with FDA Commisioner Gottlieb »

The USC-Brookings…

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  • 18

    Jul

  • 08

    Aug

GSK

GlaxoSmithKline

$41.00

-0.145 (-0.35%)

, PFE

Pfizer

$37.63

-0.04 (-0.11%)

13:23
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07/18
13:23
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13:23
Hot Stocks
GSK's ViiV to share data from landmark 2-drug regimen trials at AIDS 2018 »

ViiV Healthcare, the…

GSK

GlaxoSmithKline

$41.00

-0.145 (-0.35%)

PFE

Pfizer

$37.63

-0.04 (-0.11%)

03/08/13
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  • 25

    Jul

  • 22

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  • 10

    Sep

RHT

Red Hat

$147.95

0.43 (0.29%)

13:20
07/18/18
07/18
13:20
07/18/18
13:20
Options
Notable position opened in RedHat »

Notable position opened…

03/08/13
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  • 08

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
07/18/18
07/18
13:17
07/18/18
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
07/18/18
07/18
13:16
07/18/18
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
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GGP

GGP

$20.45

-0.25 (-1.21%)

13:15
07/18/18
07/18
13:15
07/18/18
13:15
Options
General Growth put volume heavy and directionally bearish »

Bearish flow noted in…

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NVS

Novartis

$80.55

1.83 (2.32%)

13:12
07/18/18
07/18
13:12
07/18/18
13:12
Periodicals
Novartis considering range of options for Sandoz generics unit, Bloomberg says »

Novartis is evaluating a…

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NVS

Novartis

$80.56

1.84 (2.34%)

, TEVA

Teva

$23.46

0.32 (1.38%)

13:11
07/18/18
07/18
13:11
07/18/18
13:11
Recommendations
Novartis, Teva, Mylan, Pfizer, Amgen, Eli Lilly analyst commentary  »

Novartis report has…

NVS

Novartis

$80.56

1.84 (2.34%)

TEVA

Teva

$23.46

0.32 (1.38%)

MYL

Mylan

$36.02

-0.35 (-0.96%)

PFE

Pfizer

$37.61

-0.06 (-0.16%)

AMGN

Amgen

$193.01

-0.92 (-0.47%)

LLY

Eli Lilly

$90.07

0.5 (0.56%)

03/08/13
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  • 18

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    Sep

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    Sep

  • 13

    Nov

NSANY

Nissan

$0.00

(0.00%)

, TM

Toyota

$132.32

0.82 (0.62%)

13:10
07/18/18
07/18
13:10
07/18/18
13:10
Periodicals
Trump threatens 'retribution' if EU auto-trade deal isn't fair, WSJ says »

U.S. President Donald…

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$132.32

0.82 (0.62%)

GM

General Motors

$40.06

0.01 (0.02%)

DDAIF

Daimler AG

$0.00

(0.00%)

HMC

Honda

$29.56

-0.07 (-0.24%)

F

Ford

$10.86

-0.005 (-0.05%)

VLKAY

Volkswagen

$0.00

(0.00%)

FCAU

Fiat Chrysler

$19.37

-0.295 (-1.50%)

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  • 25

    Jul

  • 15

    Aug

  • 10

    Sep

SIRI

Sirius XM

$7.16

0.08 (1.13%)

13:05
07/18/18
07/18
13:05
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13:05
Options
Sirius XM call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

    Jul

  • 09

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  • 13

    Aug

  • 14

    Aug

SVU

Supervalu

$21.70

-0.635 (-2.84%)

13:01
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13:01
Hot Stocks
Blackwells urges Supervalu holders to vote for its six board nominees »

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13:00
07/18/18
07/18
13:00
07/18/18
13:00
General news
Powell acknowledged tariffs could be challenging for monetary policy »

Powell acknowledged…

DNKN

Dunkin' Brands

$72.56

0.38 (0.53%)

12:52
07/18/18
07/18
12:52
07/18/18
12:52
Hot Stocks
Chanos says Dunkin' franchisees not in northeast doing poorly »

Kynikos Associates…

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  • 26

    Jul

DNKN

Dunkin' Brands

$72.56

0.38 (0.53%)

12:51
07/18/18
07/18
12:51
07/18/18
12:51
Hot Stocks
Chanos says Dunkin' franchisees not doing as well as parent company »

Kynikos Associates…

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  • 26

    Jul

BA

Boeing

$361.30

4.35 (1.22%)

, EADSY

Airbus

$0.00

(0.00%)

12:50
07/18/18
07/18
12:50
07/18/18
12:50
Periodicals
Boeing in talks with Airbus to join bid for German helicopter deal, Reuters says »

Boeing (BA) is in…

BA

Boeing

$361.30

4.35 (1.22%)

EADSY

Airbus

$0.00

(0.00%)

03/08/13
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  • 25

    Jul

BYD

Boyd Gaming

$37.78

-0.55 (-1.43%)

12:50
07/18/18
07/18
12:50
07/18/18
12:50
Options
Bullish option play opened in Boyd Gaming »

Bullish option play…

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  • 26

    Jul

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