2018-02-27 13:39:08FOX   - $38.40
0.78 (2.07%) , FOXA - $38.81
0.8 (2.10%) … 13:3902/27/18 02/2713:39 02/27/1813:39 | Fox still committed to recommended cash offer for Sky, Reuters reports21st Century Fox (FOX) remains committed to its recommended cash offer for Sky (SKYAY), even after Comcast (CMCSA) submitted a $31B acquisition proposal for Sky, Reuters reports. Reference Link FOX - $38.40
0.78 (2.07%) FOXA - $38.81
0.8 (2.10%) SKYAY - $61.60
-0.18 (-0.29%) CMCSA - $39.58
0.08 (0.20%) CMCSK - $58.00
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- $38.40
0.78 (2.07%) - 02/27/18
- RBCM
RBC says 21st Century Fox may let Comcast go ahead without counter-bid for Sky After Comcast (CMCSA) proposed a cash offer for Sky (SKYAY) at a 16% premium to 21st Century Fox's (FOX) existing takeover bid, RBC Capital analyst Steven Cahall said that while he does not "profess to know the minds of the Murdochs" on the matter, he is inclined to think that Fox may let Comcast go ahead with its bid as the deal will no longer be "financially opportunistic" as it would have been. Adding that he was surprised Disney's (DIS) original deal for Fox included the Sky stake, Cahall said he's also "inclined to say" that Disney management "can live without Sky" and that the story is "unchanged, and arguably cleaner," without Sky. The analyst, who contends that Disney and Fox are best off letting Comcast "swoop in on Sky," has a Top Pick rating on Disney and an Outperform rating on 21st Century Fox. - 12/13/17
- BTIG
Disney, Fox deal may be a near-term positive for Netflix, BTIG says Commenting on Disney's (DIS) deal with Fox (FOX; FOXA) and its potential implications, BTIG's Richard Greenfield notes that the knee jerk reaction he hears across the investment world is the former is buying the later to build their "Netflix killer." Greenfield "strongly disagrees" with this viewpoint, saying that if Disney wanted to build a Netflix competitor it should be eliminating its stock buyback and aggressively investing in content that has no legacy media strings attached. Further, the Disney/Fox transaction is likely a near-to-intermediate term positive for Netflix, he argues, adding that both companies will be tied up in a 12 month or more regulatory review process with thousands of executives in limbo pending the closing of the transaction. - 12/18/17
- UBSW
12/18/17
NO CHANGETarget $122
UBSW
Buy Disney deal for Fox fits both strategically and financially, says UBS UBS analyst John Hodulik said Disney's (DIS) deal for Fox (FOXA) strengthens its asset base amid the evolving media landscape and fits well both strategically and financially. He believes the deal enhances Disney's growth trajectory and will be accretive to 2020 free cash flow while helping it widen its appeal and target audience. Hodulik reiterated his Buy rating and $122 price target on Disney shares. - 01/28/18
- PIPR
Growth of sports rights may be coming down, says Piper Jaffray Piper Jaffray analyst Stan Meyers says he is starting to see some evidence that the growth of sports rights may be coming down toward a more reasonable rate. The analyst notes that only CBS (CBS), Fox (FOXA) and NBC (CMCSK; CMCSA) submitted bids for Thursday Night Football rights, with CBS and NBC submitting bids below their current rate of $450M per year, and Fox making a higher bid for the rights, in a likely effort to establish itself as a "live sports and news" network in the wake of selling a majority of assets to Disney (DIS). On the digital side, Facebook (FB) declined to make an offer for digital streaming rights to TNF, while Amazon (AMZN), which paid $50M this year, and Twitter (TWTR), which paid $10M last year did submit bids. - $38.81
0.8 (2.10%) - 02/27/18
- CHLM
02/27/18
NO CHANGETarget $50
CHLM
Buy Nutrisystem price target lowered to $50 from $80 at Craig-Hallum Craig-Hallum analyst Alex Fuhrman lowered his price target for Nutrisystem to $50 from $80, citing guidance below estimates as the company "uncharacteristically" overpaid for pre-bought ads on Fox News (FOXA) & CNN (TWX). The analyst reiterates a Buy rating on Nutrisystem's shares. - 01/22/18
- ATLE
01/22/18
UPGRADEATLE
Overweight 21st Century Fox upgraded to Overweight from Neutral at Atlantic Equities - $61.60
-0.18 (-0.29%) - 10/12/17
- FBCO
10/12/17
NO CHANGETarget $35
FBCO
Outperform 21st Century Fox price target lowered to $35 from $37 at Credit Suisse Credit Suisse analyst Omar Sheikh lowered his price target for 21st Century Fox (FOXA) to $35 from $37 ahead of Q1 earnings. The analyst notes that the key near-term headwinds are soft NFL ratings and the risk that the Sky (SKYAY) transaction is blocked by U.K. regulators. The analyst reiterates an Outperform rating on 21st Century Fox shares. - 04/26/17
- JEFF
Sky upgraded to Buy from Hold at Jefferies Price target GBP 1,200p. - 08/01/17
- FBCO
08/01/17
NO CHANGETarget $37
FBCO
Outperform 21st Century Fox, Sky deal to take longer to clear, says Credit Suisse Credit Suisse analyst Omar Sheikh continues to believe the Sky (SKYAY) transaction will eventually receive full regulatory approval, but highlights there is an elevated risk to the deal if it is referred to the CMA, and at best an extended period before it gets cleared. Meanwhile, he believes the 2018 21st Century Fox (FOXA) organic equity story looks compelling, and reiterates an Outperform rating and $37 price target on the shares. - $39.58
0.08 (0.20%) - 01/25/18
- RHCO
01/25/18
NO CHANGETarget $50
RHCO
Buy Comcast price target raised to $50 from $45 at SunTrust SunTrust analyst Greg Miller raised his price target on Comcast to $50 and kept his Buy rating after "solid" Q4 earnings, citing a more aggressive cash repatriation and encouraging guidance. Miller notes that while cable results were slightly below estimates, NBCU saw more "top-line momentum" and Xfinity wireless continued to gain subscribers. The analyst says he is bullish on the company's ability to grow and "generate significant free cash". - 01/18/18
On The Fly: Top five analyst downgrades Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Symantec (SYMC) downgraded to Underperform from Hold at Jefferies with analyst John DiFucci saying the company's current guidance is not achievable and the stock will rerate lower upon investor realization. 2. Juno Therapeutics (JUNO) downgraded to Neutral from Buy at Citi with analyst Robyn Karnauskas saying Juno could be worth $110 per share in a takeover. 3. Comcast (CMCSA) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying the company faces "heightened challenges" with over-the-top services driving declines in linear video and broadband growth likely to slow. 4. First Solar (FSLR) downgraded to Neutral from Buy at Guggenheim with analyst Sophie Karp citing valuation and limited near-term catalysts. 5. Chevron (CVX) downgraded to Hold from Buy at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - $58.00
(0.00%) - 01/11/18
- PIPR
01/11/18
NO CHANGETarget $25
PIPR
Overweight Piper confident TiVo can renew with Comcast as legal fight continues After TiVo (TIVO) reported that it has filed new lawsuits against Comcast (CMCSA) and said it plans to further a prior ITC court win, Piper Jaffray analyst Michael Olson said he believes these additional suits are intended to show that TiVo is not backing down in its legal battle. The analyst, who said he has a high degree of confidence in the company successfully renewing with Comcast, keeps his Overweight rating and $25 price target on TiVo shares. - 01/09/18
- MSCO
01/09/18
NO CHANGETarget $50
MSCO
Overweight Comcast price target raised to $50 on tax reform benefits at Morgan Stanley Morgan Stanley analyst Benjamin Swinburne raised his FY18 and FY19 EPS estimates for Comcast, each by 20%, calling it the "big tax winner" as he views the company specifically, and cable in general, as among the largest tax reform beneficiaries in the market. The analyst, who also cites expectations for strong organic growth in its Cable segment and the benefits of this being both an Olympics and Super Bowl year at NBC in supporting his view that Comcast can outperform in 2018, raised his price target on the stock to $50 from $44 and keeps an Overweight rating on the name. |