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VZ

Verizon

$48.80

-0.21 (-0.43%)

, T

AT&T

$37.36

0.31 (0.84%)

08:28
03/13/18
03/13
08:28
03/13/18
08:28

Verizon initiated with a Buy at Guggenheim

Guggenheim analyst Mike McCormack initiated coverage of the Telecom Services space, naming T-Mobile (TMUS) as his Best Idea in the group, but stating that scale remains an advantage in wireless and he is also bullish on AT&T (T) and Verizon (VZ). He started Verizon with a Buy rating and $58 price target.

VZ

Verizon

$48.80

-0.21 (-0.43%)

T

AT&T

$37.36

0.31 (0.84%)

TMUS

T-Mobile

$64.55

-0.7 (-1.07%)

  • 14

    Mar

VZ Verizon
$48.80

-0.21 (-0.43%)

02/28/18
02/28/18
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. Viacom (VIA, VIAB) upgraded to Neutral from Underperform at Macquarie by analyst Tim Nollen, who told investors that the company has taken a decisive turn in strategy to re-set its distribution relationships and is in the early stages of a turnaround. Nollen believes Viacom can return to growth despite any merger outcome with CBS (CBS) and raised estimates on increased U.S. ad and affiliate revenue growth. 2. Tenet (THC) upgraded to Outperform from Market Perform at Raymond James by analyst John Ransom to reflect management's efforts to reduce costs and sell assets. Ransom said the company is reducing debt and could generate $400M in annual free cash flow until its NOL runs out. 3. AB InBev (BUD) upgraded to Positive from Neutral at Susquehanna by analyst Pablo Zuanic, who said the recent weakness provided an attractive entry point as the company had a great January to September period of organic growth, he sees deal synergies with SAB, and he believes Q4 was just as good if not better than the same period a year ago. 4. Etsy (ETSY) upgraded to Buy at Roth Capital by analyst Darren Aftahi after a "strong" Q4 and citing growth reacceleration and margin expansion. 5. Verizon (VZ) upgraded to Buy from Neutral at MoffettNathanson. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/14/18
02/14/18
UPGRADE
Target $9

Outperform
Calix upgraded to Outperform with $9 price target at Northland
As previously reported, Northland analyst Tim Savageaux upgraded Calix (CALX) to Outperform from Market Perform, stating that while its Q4 results missed expectations the company looks to have meaningfully addressed its operating expense and gross margin issues. While he expects slower growth as a ramp at Verizon (VZ) offsets weakness at CenturyLink (CTL), he estimates the company will turn from a loss to "solid profits" in FY18, Savageaux tells investors. He set a $9 price target on Calix shares.
02/28/18
MOFT
02/28/18
UPGRADE
MOFT
Buy
Verizon upgraded to Buy from Neutral at MoffettNathanson
03/07/18
NEED
03/07/18
NO CHANGE
Target $29
NEED
Buy
Ciena price target raised to $29 from $24 at Needham
Needham analyst Alex Henderson raised his price target on Ciena (CIEN) to $29 after the company's Q1 earnings beat, helped in part by its effective rate coming down to 26% from about 36%. The analyst expects about 22c of tax-related benefits for FY18 while also pointing to the company's stable Verizon (VZ) and AT&T (T) business, along with brighter opportunities in the cable and international segments. Henderson keeps his Buy rating on Ciena, also pointing to its discussion of two new sub-sea deals signed in January with trans-Pacific and trans-Atlantic cable systems.
T AT&T
$37.36

0.31 (0.84%)

02/26/18
COWN
02/26/18
NO CHANGE
COWN
NII Holdings rally warranted, says Cowen
Cowen analysts noted shares of NII Holdings (NIHD) spiked on Friday following headlines Brazil's Anatel has now formally proposed to increase spectrum caps. Cowen believes the rally in the shares was warranted as the proposal would allow any incumbent to acquire Nextel and would also allow AT&T (T) to acquire both Oi (OIBRQ) and Nextel. The firm said although risks remain, they believe a NII takeout in the $5-$10 range could come this year.
03/12/18
UBSW
03/12/18
UPGRADE
UBSW
Buy
Time Warner upgraded to Buy from Neutral at UBS
UBS analyst John Hodulik upgraded Time Warner (TWX) to Buy with an unchanged price target of $108. While the analyst expects the takeover by AT&T (T) to receive regulatory approval, he believes the current environment would make Time Warner's assets "highly attractive" to other media companies and Internet-based competitors were the deal to be blocked. He sees an "attractive 4-1 risk reward" for Time Warner shares. Hodulik notes the spread to the AT&T offer is 12%, or 35% annualized.
03/13/18
GUGG
03/13/18
INITIATION
Target $42
GUGG
Buy
AT&T initiated with a Buy at Guggenheim
Guggenheim analyst Mike McCormack initiated coverage of the Telecom Services space, naming T-Mobile (TMUS) as his Best Idea in the group, but stating that scale remains an advantage in wireless and he is also bullish on AT&T (T) and Verizon (VZ). He started AT&T with a Buy rating and $42 price target.
TMUS T-Mobile
$64.55

-0.7 (-1.07%)

03/13/18
GUGG
03/13/18
INITIATION
Target $80
GUGG
Buy
T-Mobile initiated with a Buy at Guggenheim
Guggenheim analyst Mike McCormack initiated coverage of the Telecom Services space, naming T-Mobile as his Best Idea in the group, noting that it has added about 12.2M subscribers in the last 3 years by taking share, which he sees as "the only driver of meaningful growth for the industry." He started T-Mobile with a Buy rating and $80 price target.
03/08/18
MSCO
03/08/18
NO CHANGE
Target $74
MSCO
Overweight
T-Mobile likely to announce 'major' increase to buyback, says Morgan Stanley
Following T-Mobile CFO Braxton Carter's presentation at the firm's conference yesterday, Morgan Stanley analyst Simon Flannery said he expects T-Mobile will announce a "major" increase in its stock repurchase program with its Q1 earnings report in early May. He thinks the company could announce a total three year buyback of $7.5B-$12B, including $1.5B already underway, which he notes would be equivalent to 14%-22% of the current market cap. The market was "underwhelmed" by the original $1.5B repurchase program and absent an update he thinks the stock could trade below $60. However, he thinks the stock could trade closer to $70 if the buyback is near $12B, or significant enough to reduce the float by more than 50%. Flannery maintains an Overweight rating and $74 price target on T-Mobile shares.
02/09/18
RAJA
02/09/18
UPGRADE
RAJA
Strong Buy
T-Mobile upgraded to Strong Buy from Outperform at Raymond James
02/13/18
02/13/18
NO CHANGE

AT&T the first carrier to offer BOGO deal for iPhone X, says Wells Fargo
Wells Fargo analyst Jennifer Fritzsche noted that AT&T (T) is the first cell phone carrier to offer a Buy One Get One Free, or BOGO, promotion on the Apple (AAPL) iPhone X, and highlighted that the deal has no requirement regarding new customers or trading in old devices. She said it is unclear if any other carrier will match the deal, although she noted that Verizon (VZ) and T-Mobile (TMUS) had attractive deals, although no true BOGO deal. Fritzsche also mentioned that AT&T has the "largest embedded base of iPhone users to protect," as it had iPhone exclusivity until 2011. Fritzsche has an Outperform rating and $48 price target on AT&T shares.

TODAY'S FREE FLY STORIES

IIPR

Innovative Industrial Properties

$90.00

-0.175 (-0.19%)

13:09
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Innovative Industrial Properties flying high, Barron's says »

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CAT

Caterpillar

$129.80

-4.1 (-3.06%)

13:05
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  • 12

    Jun

MO

Altria Group

$55.90

-0.23 (-0.41%)

12:59
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E-cigarettes not helping people quit smoking, Barron's says »

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  • 16

    May

MAN

Manpower

$80.83

-5.02 (-5.85%)

, SABR

Sabre

$21.02

-0.62 (-2.87%)

12:51
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03/23
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12:51
Periodicals
Sabre, j2 Global among mid-cap stocks with sustainable dividends, Barron's says »

When it comes to…

MAN

Manpower

$80.83

-5.02 (-5.85%)

SABR

Sabre

$21.02

-0.62 (-2.87%)

WBS

Webster Financial

$48.90

-3.03 (-5.83%)

NATI

National Instruments

$44.16

-1.28 (-2.82%)

JCOM

j2 Global

$84.63

-1.95 (-2.25%)

03/08/13
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  • 25

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    Apr

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    May

MSFT

Microsoft

$117.05

-3.6 (-2.98%)

, GME

GameStop

$10.57

0.03 (0.28%)

12:47
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03/23
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03/23/19
12:47
Periodicals
Gaming meets the cloud as investors scramble to catch up, Barron's says »

The cloud will eventually…

MSFT

Microsoft

$117.05

-3.6 (-2.98%)

GME

GameStop

$10.57

0.03 (0.28%)

AMD

AMD

$26.43

-1.47 (-5.27%)

SNE

Sony

$42.09

-1.915 (-4.35%)

GOOGL

Alphabet Class A

$1,206.00

-30.38 (-2.46%)

GOOG

Alphabet

$1,204.85

-26.86 (-2.18%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 27

    Mar

  • 29

    Mar

  • 02

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  • 04

    Apr

  • 16

    Apr

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    Apr

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    Apr

  • 27

    Oct

LYFT

Lyft

$0.00

(0.00%)

12:42
03/23/19
03/23
12:42
03/23/19
12:42
Periodicals
Investors should avoid booking ride when Lyft goes public, Barron's says »

Lyft will soon be going…

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  • 25

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    Mar

  • 27

    Mar

  • 28

    Mar

  • 29

    Mar

DIS

Disney

$108.30

-0.36 (-0.33%)

, AAPL

Apple

$191.11

-3.96 (-2.03%)

12:38
03/23/19
03/23
12:38
03/23/19
12:38
Periodicals
Streaming revolution too complicated, Barron's says »

The streaming revolution…

DIS

Disney

$108.30

-0.36 (-0.33%)

AAPL

Apple

$191.11

-3.96 (-2.03%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$39.56

-0.49 (-1.22%)

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

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  • 25

    Mar

  • 11

    Apr

  • 25

    Apr

  • 08

    May

FB

Facebook

$164.25

-1.83 (-1.10%)

, GOOG

Alphabet

$1,204.85

-26.86 (-2.18%)

08:18
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03/23
08:18
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08:18
On The Fly
Week in review: How Trump's policies moved stocks »

Catch up on the top…

FB

Facebook

$164.25

-1.83 (-1.10%)

GOOG

Alphabet

$1,204.85

-26.86 (-2.18%)

GOOGL

Alphabet Class A

$1,206.00

-30.38 (-2.46%)

TWTR

Twitter

$32.98

0.37 (1.13%)

GM

General Motors

$36.51

-0.84 (-2.25%)

AMD

AMD

$26.43

-1.47 (-5.27%)

INTC

Intel

$53.20

-1.41 (-2.58%)

MRVL

Marvell

$19.69

-1.11 (-5.34%)

MCHP

Microchip

$85.50

-1.83 (-2.10%)

MU

Micron

$41.68

-2.32 (-5.27%)

NVDA

Nvidia

$177.40

-6.52 (-3.55%)

QCOM

Qualcomm

$56.71

-1.05 (-1.82%)

TXN

Texas Instruments

$109.51

-2.68 (-2.39%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 25

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  • 27

    Mar

  • 27

    Mar

  • 03

    Apr

  • 04

    Apr

  • 23

    Apr

  • 25

    Apr

  • 25

    Apr

  • 29

    Apr

  • 29

    Apr

  • 30

    Apr

  • 01

    May

  • 28

    May

  • 04

    Jun

  • 05

    Jun

  • 27

    Oct

21:30
03/22/19
03/22
21:30
03/22/19
21:30
General news
Breaking General news story  »

Chicago Federal Reserve…

21:15
03/22/19
03/22
21:15
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21:15
General news
Breaking General news story  »

Atlanta Federal Reserve…

PLNT

Planet Fitness

$66.76

-0.825 (-1.22%)

18:44
03/22/19
03/22
18:44
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18:44
Hot Stocks
Planet Fitness CEO: We have a streamlined business model »

In an interview on…

03/08/13
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IRDM

Iridium

$26.40

-0.38 (-1.42%)

18:22
03/22/19
03/22
18:22
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18:22
Hot Stocks
Iridium CEO: We've doubled our bottom line over the past eight years »

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03/08/13
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  • 28

    Mar

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

18:05
03/22/19
03/22
18:05
03/22/19
18:05
General news
Sen. Sanders calls on White House to make Mueller report public »

U.S. Senator and…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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IDTI

Integrated Device

$47.80

-0.04 (-0.08%)

, RNECY

Renesas

$0.00

(0.00%)

18:02
03/22/19
03/22
18:02
03/22/19
18:02
Hot Stocks
Integrated Device, Renesas receive final approval for merger »

Renesas Electronics…

IDTI

Integrated Device

$47.80

-0.04 (-0.08%)

RNECY

Renesas

$0.00

(0.00%)

03/08/13
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  • 25

    Mar

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

17:48
03/22/19
03/22
17:48
03/22/19
17:48
General news
Senator Warren urges AG Barr to release Mueller report to the public »

U.S. Senator and…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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BA

Boeing

$362.49

-10.2 (-2.74%)

17:44
03/22/19
03/22
17:44
03/22/19
17:44
Hot Stocks
Lawmaker urges FAA, Boeing workers to utilize whistleblower page »

Chair of the House…

03/08/13
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03/06/13
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  • 28

    May

GLD

SPDR Gold Shares

$123.97

0.29 (0.23%)

17:44
03/22/19
03/22
17:44
03/22/19
17:44
Hot Stocks
SPDR Gold Shares holdings rise to 781.03MT from 778.09MT »

This is the highest level…

03/08/13
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17:40
03/22/19
03/22
17:40
03/22/19
17:40
General news
Weekly CFTC Commitment of Traders highlights »

10-YEAR U.S. TREASURY net…

ONEXF

Onex

$0.00

(0.00%)

17:35
03/22/19
03/22
17:35
03/22/19
17:35
Hot Stocks
Onex to acquire Gluskin Sheff »

Onex Corporation and…

03/08/13
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DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

17:35
03/22/19
03/22
17:35
03/22/19
17:35
Syndicate
Breaking Syndicate news story on DASAN Zhone »

DASAN Zhone files to sell…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 28

    May

REPH

Recro Pharma

$9.73

0.1 (1.04%)

17:35
03/22/19
03/22
17:35
03/22/19
17:35
Hot Stocks
Breaking Hot Stocks news story on Recro Pharma »

Recro Pharma trading…

03/08/13
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  • 24

    Mar

DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

17:35
03/22/19
03/22
17:35
03/22/19
17:35
Syndicate
Breaking Syndicate news story on DASAN Zhone »

DASAN Zhone files to sell…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

    May

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

17:34
03/22/19
03/22
17:34
03/22/19
17:34
General news
White House says hasn't received, been briefed on Mueller report, WSJ says »

Following confirmation…

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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CATS

Catasys

$13.19

-0.39 (-2.87%)

17:26
03/22/19
03/22
17:26
03/22/19
17:26
Syndicate
Breaking Syndicate news story on Catasys »

Catasys files $50M mixed…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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USWS

U.S. Well Services

$7.74

-0.54 (-6.52%)

17:20
03/22/19
03/22
17:20
03/22/19
17:20
Syndicate
Breaking Syndicate news story on U.S. Well Services »

U.S. Well Services files…

03/08/13
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