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SPOT

Spotify

$147.92

3.93 (2.73%)

, AMZN

Amazon.com

$1,405.23

-46.52 (-3.20%)

06:17
04/09/18
04/09
06:17
04/09/18
06:17

Spotify could announce Alexa-powered gadget for cars at April 24 event, BI says

Spotify (SPOT) may announce an in-car player powered by Amazon's (AMZN) Alexa at an April 24th event, Business Insider reports, citing Reddit users, who have flagged ads for what looks like an in-car speaker, which appeared inside Spotify's app. Reference Link

SPOT

Spotify

$147.92

3.93 (2.73%)

AMZN

Amazon.com

$1,405.23

-46.52 (-3.20%)

  • 10

    Apr

  • 16

    Apr

SPOT Spotify
$147.92

3.93 (2.73%)

04/04/18
04/04/18
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. AT&T (T) initiated with a Buy at Spin-Off Research. 2. Spotify (SPOT) initiated with a Hold at Gabelli. 3. Wix.com (WIX) initiated with an Outperform at William Blair. 4. SodaStream (SODA) initiated with a Buy at B. Riley FBR. 5. Booking Holdings (BKNG) initiated with an Outperform at Wedbush while Expedia (EXPE), TripAdvisor (TRIP), and Trivago (TRVG) were initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/05/18
STFL
04/05/18
INITIATION
Target $180
STFL
Buy
Spotify initiated with a Buy at Stifel
Stifel analyst John Egbert started coverage of Spotify (SPOT) with a Buy rating and $180 price target, stating that he believes the company's $9.99 a month music streaming service is right behind Amazon's (AMZN) Prime membership and Netflix's (NFLX) $10.99 a month streaming subscription on the list of Internet services on a value per dollar basis. He forecasts Spotify will reach approximately 300 million monthly active users, including 159 million paying subscribers, by 2021. Egbert also thinks Spotify can deliver meaningful operating profits and cash flow within its current licensing structure, with additional upside if the company succeeds in demand creation and / or non-music content.
04/05/18
ADAM
04/05/18
INITIATION
Target $200
ADAM
Buy
Spotify initiated with a Buy at Canaccord
Canaccord analyst Maria Ripps initiated Spotify (SPOT) with a Buy rating and $200 price target. The analyst believes the global music market has finally found a growth engine in streaming music. She believes both Spotify and Pandora (P) are well positioned to grow with the shift in consumption. Ripps said Spotify is the leader in streaming and warrants a premium valuation.
04/05/18
04/05/18
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. Spotify (SPOT) initiated with a Buy at Canaccord and Stifel. 2. Trade Desk (TTD) initiated with an Overweight at Piper Jaffray. 3. Saul Centers (BFS) initiated with a Neutral at B. Riley FBR. 4. Capital One (COF) and American Express (AXP) were initiated with a Buy at Citi while Discover (DFS) and Synchrony (SYF) were initiated with a Neutral. 5. Intel (INTC) initiated with a Buy at UBS while Qualcomm (QCOM) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
AMZN Amazon.com
$1,405.23

-46.52 (-3.20%)

04/05/18
KEYB
04/05/18
NO CHANGE
KEYB
Sector Weight
Automation the next 'cloud wars' battle, says KeyBanc
KeyBanc analyst Brent Bracelin says the AWS Summit SF exposed an even greater focus by Amazon (AMZN) Web Services on cloud automation. The analyst believes the "cloud wars" in 2018 appear to be moving from a battle of "features" seen in the last two years toward a new battle of "automation." Bracelin sees Automation as having three major benefits for AWS: it can drive material cost savings, it saves developers time, and it serves as a competitive differentiator versus Microsoft Azure (MSFT) and Google Cloud (GOOG; GOOGL). Bracelin reiterates a Sector Weight rating on Amazon's shares.
04/05/18
MSCO
04/05/18
NO CHANGE
Target $1500
MSCO
Overweight
Morgan Stanley says online tax legislation probable, but manageable for Amazon
Morgan Stanley analyst Brian Nowak weighed in on the tax and USPS debates facing Amazon (AMZN) following the President's recent tweets, saying that he sees online sales tax legislation as probable, but also believe it is manageable for the company. On the issue, he thinks this isn't new for Amazon and if anything sees it as a bigger risk to eBay (EBAY) and third party sellers. On the company's relationship with the USPS, Nowak said he views it as mutually beneficial and while he see the USPS asking for higher rates he also expect negotiations to be "rational." If the USPS asks for material increases, Amazon may be forced to increase its 2018/2019 last mile build, which is likely to weigh on near-term profitability, added Nowak, who keeps an Overweight rating and $1,500 price target on the stock.
04/05/18
UBSW
04/05/18
NO CHANGE
UBSW
Amazon contract profitable for USPS, former Postmaster General tells UBS
UBS hosted an expert call with Patrick Donahoe, former Postmaster General at the USPS, given confusion around rhetoric coming out of Washington D.C. regarding Amazon's relationship with the USPS, and press reports indicating this contract expires in October 2018. On the call, Donahoe unequivocally stated that the Amazon contract is profitable for the USPS, UBS said. The firm pointed out that USPS business is primarily split into two areas, namely market-dominant products/"monopoly mail," and competitive products where Amazon would fall. By law, competitive products must cover their costs, including both operating costs associated with the service provided and an allocation of 5.5% of the USPS's institutional/fixed costs, the firm added in a research note this morning.
04/06/18
MKMP
04/06/18
NO CHANGE
Target $96
MKMP
Neutral
Hasbro price target lowered to $96 from $110 at MKM Partners
MKM Partners analyst Eric Handler lowered his price target on Hasbro (HAS) to $96, saying the company's earnings will see a bigger impact from the liquidation of Toys R Us than the previous forecast. The analyst also notes headwinds for the company coming from tight inventory management at mass retailers Wal-Mart (WMT) and Amazon (AMZN). Handler adds that he has broader industry concerns, but sees some mitigating product launches for Hasbro, including a new Nerf brand launch, expanded Baby Alive product lines, continued strength from Marvel, and the possible digital launch of Magic: The Gathering Arena. The analyst keeps his Neutral rating on Hasbro.

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EADSY

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BX

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PEGA

Pegasystems

$60.00

(0.00%)

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GOOG

Alphabet

$1,213.65

-28.3 (-2.28%)

, GOOGL

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$1,232.30

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Alphabet

$1,213.65

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NAVB

Navidea

$0.14

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17:49
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PNC

PNC Financial

$142.03

-0.7 (-0.49%)

17:48
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RCI

Rogers Communications

$52.16

0.13 (0.25%)

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IEX

IDEX Corp.

$151.57

-0.375 (-0.25%)

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ALGN

Align Technology

$350.54

-18.07 (-4.90%)

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Align Technology VP Stuart Hockridge sells over $1M in company stock »

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SYMC

Symantec

$18.56

-0.1 (-0.54%)

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  • 12

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CAAP

Corporacion America Airport

$9.15

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ALGN

Align Technology

$350.54

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ACXM

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MDXG

MiMedx

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DL

China Distance Education

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  • 15

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BPY

Brookfield Property

$19.71

0.06 (0.31%)

, GGP

GGP

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GGP

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SGMS

Scientific Games

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CACI

CACI

$180.30

-1.2 (-0.66%)

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  • 16

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CACI

CACI

$180.30

-1.2 (-0.66%)

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  • 16

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BGG

Briggs & Stratton

$18.41

-0.13 (-0.70%)

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NSP

Insperity

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BGG

Briggs & Stratton

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-0.13 (-0.70%)

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