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T

AT&T

$37.39

0.03 (0.08%)

, TWX

Acquired by T

$96.16

-0.59 (-0.61%)

18:34
03/13/18
03/13
18:34
03/13/18
18:34

Judge to let AT&T-Time Warner use arbitration evidence, Variety says

A federal judge has blocked a Justice Department motion that aimed to prohibit AT&T (T) and Time Warner (TWX) from presenting a key piece of evidence in defense of their proposed tie-up in an antitrust trial set to begin Monday, Variety reports. That evidence is an offer that the two companies made to agree to go into "baseball-style" arbitration in any Turner Networks carriage conflicts with distributors, the report says. The DOJ sought to prevent the offer from being presented in court, the report notes. Reference Link

T

AT&T

$37.39

0.03 (0.08%)

TWX

Acquired by T

$96.16

-0.59 (-0.61%)

  • 24

    Apr

T AT&T
$37.39

0.03 (0.08%)

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.
03/13/18
GUGG
03/13/18
INITIATION
Target $58
GUGG
Buy
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.
03/13/18
03/13/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Verizon (VZ), AT&T (T), and T-Mobile (TMUS) were initiated with a Buy at Guggenheim while Sprint (S) was initiated with a Sell. 2. CNO Financial (CNO) initiated with an Outperform at William Blair. 3. GMS Inc. (GMS) initiated with a Buy at Nomura Instinet. 4. Core Laboratories (CLB) assumed with a Neutral at Piper Jaffray. 5. Cutera (CUTR) initiated with an Overweight at Stephens. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
TWX Acquired by T
$96.16

-0.59 (-0.61%)

02/27/18
CHLM
02/27/18
NO CHANGE
Target $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.
03/12/18
RBCM
03/12/18
NO CHANGE
RBCM
Netflix growth and pricing power persist, says RBC Capital
RBC Capital analyst Steven Cahall writes that Netflix is a "gold standard" in content value for consumer, resolving its subscriber issues that alarmed investors just over a year ago. Cahall contends that the company still has growth potential, with estimated 99M Pay TV U.S. household market vs. the company's current 55M U.S. subscriber count. The analyst also points to the "pricing power" of Netflix relative to the competition, stating that the U.S. user engagement of about 124 minutes per day is greater than any other standalone platform and amounts to about $0.003 per watched minute compared to Premium Networks like HBO, Showtime, and Starz are "500%-800% more expensive to watch on a per-minute basis". Moreover, Cahall believes the company is proving itself in the international markets category, where it generated its first positive annual contribution margin in 2017. The analyst estimates that Netflix could have up to $20 in EPS power in the next 5 years, with its stock price rising to as high as $600 per share under a 20-30-times PE valuation.
03/12/18
03/12/18
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. Time Warner (TWX) upgraded to Buy from Neutral at UBS with analyst John Hodulik saying while he 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. 2. Carlyle Group (CG) and Apollo Global (APO) were upgraded to Buy from Neutral at Citi. 3. Merck (MRK) upgraded to Outperform from Market Perform at Leerink with analyst Seamus Fernandez saying Keytruda will continue to dominate the first-line non-small cell lung cancer market. 4. SAP (SAP) upgraded to Outperform from In Line at Evercore ISI with analyst Stewart Materne III saying that he believes the risk/reward is more attractive at current levels following the stock's 6% pullback. 5. Aratana Therapeutics (PETX) upgraded to Buy on valuation at CL King with the firm citing favorable risk/reward. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TSLA

Tesla

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LITE

Lumentum

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2.395 (4.82%)

, AAPL

Apple

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6.93 (3.68%)

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AAPL

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SHLD

Sears

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ORCL

Oracle

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1.41 (2.68%)

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ENR

Energizer

$46.15

0.915 (2.02%)

06:14
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NKE

Nike

$88.05

1.3597 (1.57%)

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BRN

Barnwell Industries

$1.30

(0.00%)

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STX

Seagate

$48.95

2.73 (5.91%)

, HPE

HP Enterprise

$16.03

0.15 (0.94%)

06:09
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06:09
Periodicals
Seagate teams up with HPE, Nvidia for Project Athena, DigiTimes reports »

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STX

Seagate

$48.95

2.73 (5.91%)

HPE

HP Enterprise

$16.03

0.15 (0.94%)

NVDA

Nvidia

$183.92

9.54 (5.47%)

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ESALY

Eisai

$0.00

(0.00%)

06:06
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06:06
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06:06
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CVA

Covanta

$17.04

0.27 (1.61%)

06:05
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  • 26

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GBX

Greenbrier

$37.33

0.45 (1.22%)

06:05
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Earnings
Greenbrier reports preliminary Q2 EPS 7c-9c, consensus 42c »

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FB

Facebook

$166.08

0.61 (0.37%)

06:05
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Facebook knew about data misuse earlier than reported, Guardian says »

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NKE

Nike

$88.05

1.3597 (1.57%)

06:04
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03/22
06:04
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06:04
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  • 04

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GTLS

Chart Industries

$94.49

2.06 (2.23%)

, BHGE

Baker Hughes

$28.50

0.24 (0.85%)

06:03
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Chart Industries books $135M order »

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GTLS

Chart Industries

$94.49

2.06 (2.23%)

BHGE

Baker Hughes

$28.50

0.24 (0.85%)

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AAPL

Apple

$195.07

6.93 (3.68%)

06:01
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Apple signs Vox to be part of news subscription service, Bloomberg reports »

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LIND

Lindblad Expeditions

$15.18

-0.12 (-0.78%)

05:55
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Conference/Events
Lindblad Expeditions management to meet with Sidoti »

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DRI

Darden

$116.11

7.485 (6.89%)

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CMC

Commercial Metals

$17.35

1.29 (8.03%)

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SWK

Stanley Black & Decker

$134.59

2.69 (2.04%)

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BIIB

Biogen

$226.71

-93.76 (-29.26%)

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BBY

Best Buy

$70.56

1.44 (2.08%)

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VAR

Varian Medical

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1.97 (1.45%)

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BIIB

Biogen

$226.71

-93.76 (-29.26%)

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FTI

TechnipFMC

$23.83

0.09 (0.38%)

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RYB

RYB Education

$8.01

0.09 (1.14%)

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