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SFTBF

SoftBank

$75.60

0.1 (0.13%)

, S

Sprint

$6.00

-0.02 (-0.33%)

06:43
04/12/18
04/12
06:43
04/12/18
06:43

SoftBank CEO faces closing window for Sprint-T-Mobile merger, Reuters reports

Time is running out for SoftBank (SFTBF) CEO Masayoshi Son to merge the company's debt-laden U.S. wireless subsidiary Sprint (S) with Deutsche Telekom's (DTEGY) U.S. wireless unit T-Mobile U.S. (TMUS), Reuters reports, citing sources close to the negotiations and industry analysts. Sprint's latest round of merger talks with T-Mobile, the third attempt to make a deal in the last four years, came just five months after previous deal negotiations ended and while the time window for a transaction is not clearly defined, the two parties need to act before a U.S. wireless spectrum auction in November. Reference Link

SFTBF

SoftBank

$75.60

0.1 (0.13%)

S

Sprint

$6.00

-0.02 (-0.33%)

DTEGY

Deutsche Telekom

$17.08

-0.155 (-0.90%)

TMUS

T-Mobile

$62.92

-0.21 (-0.33%)

SFTBF SoftBank
$75.60

0.1 (0.13%)

10/19/17
BERN
10/19/17
INITIATION
BERN
Outperform
SoftBank initiated with an Outperform at Bernstein
Bernstein analyst Chris Lane started SoftBank with an Outperform rating as he believes the company has a "bright future."
10/18/17
KEYB
10/18/17
NO CHANGE
KEYB
KeyBanc says Softbank JV won't compete with primary business of tower operators
KeyBanc said it does not view Softbank's (SFTBF) joint venture with Australia's Lendlease as competitive to the tower operators' primary business, noting that the venture is likely to focus on rooftop sites in urban markets, but tower businesses generate the vast majority of their revenue on sites located outside urban areas. Publicly traded tower companies include American Tower (AMT), Crown Castle (CCI) and SBA (SBAC).
10/18/17
WELS
10/18/17
NO CHANGE
WELS
Wells Fargo 'surprised' tower stocks didn't react to SoftBank news
After it was reported that SoftBank (SFTBF) and Australian real estate company Lendlease formed a joint venture to purchase 8,000 cell tower sites in the U.S., Wells Fargo analyst Jennifer Fritzsche said she was "surprised" that tower company stocks did not react to this news. She had already thought if a T-Mobile (TMUS) and Sprint (S) merger deal was followed by T-Mobile CTO Neville Ray talking about network savings that the tower stocks "could take a hit," and this news may have given him "a much bigger arrow" in that quiver, she tells investors. Publicly traded tower companies include American Tower (AMT), Crown Castle (CCI) and SBA (SBAC).
09/29/17
09/29/17
NO CHANGE

SoftBank eyes acquisitions to create $300B asset-management arm, Bloomberg says
SoftBank Group (SFTBF) is looking at further acquisitions in the financial sector in an effort to establish a $300B asset management arm that would include its $93B Vision Fund over the next four to five years, Bloomberg reports, citing people familiar with the matter. SoftBank, which agreed to acquire Fortress Investment Group (FIG) for $3.3B in February, is mulling investments in the space such as acquiring traditional investment firms or taking stakes in major private equity shops like KKR (KKR). Reference Link
S Sprint
$6.00

-0.02 (-0.33%)

04/11/18
KEYB
04/11/18
NO CHANGE
KEYB
Key issue in potential Sprint, T-Mobile deal still control, says KeyBanc
KeyBanc analyst Brandon Nispel notes that The Wall Street Journal reported that Sprint (S) and T-Mobile (TMUS) have restarted merger talks that only officially ended in November. The analyst believes the key issue, control of the combined entity, likely remains the same, and if a deal is back on the table he expects Sprint to give up control to T-Mobile in order to get a deal done.
04/11/18
JEFF
04/11/18
NO CHANGE
JEFF
T-Mobile, Sprint deal has more hurdles than AT&T, Time Warner, says Jefferies
A horizontal merger between T-Mobile (TMUS) and Sprint (S) poses more significant regulatory hurdles than the contested AT&T (T), Time Warner (TWX) deal does, Jefferies analyst Scott Goldman tells investors in a research note after the Wall Street Journal reported the two companies are again in merger talks. The analyst believes potential regulatory remedies could include meaningful spectrum divestitures. With that said, he thinks the combined company would create "meaningful accretion," with free cash flow per share nearly 30% higher in year three. Using multiple analysis, Goldman thinks T-Mobile shares could be worth more than $88 in a deal scenario. The stock closed yesterday up 3.4% to $63.13. Further, the analyst recommends buying the tower stocks on yesterday's selloff given his view of significant regulatory hurdles for a Sprint, T-Mobile deal. He has Buy ratings on American Tower (AMT), Crown Castle (CCI) and SBA Communications (SBAC).
04/11/18
MSCO
04/11/18
NO CHANGE
MSCO
Morgan Stanley says watch Sprint capex as T-Mobile talks said to restart
After The Wall Street Journal reported that T-Mobile (TMUS) and Sprint (S) have resumed merger talks, Morgan Stanley analyst Simon Flannery noted that Sprint announced plans to accelerate network capex after the merger plans fell apart last time. If Sprint's capex comes in light this quarter and/or next quarter, it may be seen as potentially related to renewed conversations with T-Mobile as it could suggest Sprint has pushed off its investment plans, Flannery tells investors. Noting that Tower stocks sold off following the Journal's report, Flannery pointed out that the companies each disclosed direct overlaps in late 2016 of about 5% on average. Total consolidated combined T-Mobile/Sprint exposure for American Tower (AMT) was about 16%, was about 35% for Crown Castle (CCI) and was about 33% for SBA Communications (SBAC), all as of Q4 of 2017, the analyst stated.
04/11/18
BWSF
04/11/18
NO CHANGE
BWSF
Buy
Shenandoah could benefit from Sprint, T-Mobile deal talk, says BWS Financial
BWS Financial analyst Hamed Khorsand noted that shares of Shenandoah (SHEN), a Sprint (S) affiliate for certain markets in the Mid-Atlantic region, began to price in the potential of being a winner the last time media reports indicated there were merger talks between Sprint and T-Mobile (TMUS). With the talks said to be rekindled, he would expect Shenandoah's stock to see some increase in value in the near-term and he also believes the terms of an agreement with Sprint could unlock value for Shenandoah. Khorsand maintains a Buy rating on the stock.
DTEGY Deutsche Telekom
$17.08

-0.155 (-0.90%)

03/06/18
MSCO
03/06/18
UPGRADE
MSCO
Overweight
Deutsche Telekom upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Emmet Kelly upgraded Deutsche Telekom to Overweight with a price target of EUR 16.50. The analyst is positive on the company's earnings growth prospects in Germany.
03/05/18
LEHM
03/05/18
DOWNGRADE
LEHM
Equal Weight
Deutsche Telekom downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Mathieu Robilliard downgraded Deutsche Telekom (DTEGY) to Equal Weight and lowered his price target for the shares to EUR 16 from EUR 18.50. Guidance suggests a lower than expected pace of cost cutting together with higher capex in Germany, Robilliard tells investors in a research note. The analyst sees better value in Vodafone (VOD).
11/06/17
SBSH
11/06/17
NO CHANGE
Target $75
SBSH
Buy
Citi trims T-Mobile, Sprint targets after merger talks cease
Citi analyst Michael Rollins lowered his price target for Buy-rated T-Mobile (TMUS) to $75 from $77 and for Neutral-rated Sprint (S) to $7.50 from $9.00 after the companies ceased talks to merge. He sees T-Mobile as "very comfortable" with its operating momentum and improving financial position and SoftBank (SFTBY) and Sprint (S) taking a more aggressive posture to pursue strategic partners. The analyst would not be surprised if SoftBank and Deutsche Telekom (DTEGY) revisit the merger talks in 6-12 months should Sprint and T-Mobile not find compelling strategic partners. Further, Rollins expects tower stocks like American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI) to trade higher on expectations for greater capital expenditures now that the merger talks are over.
09/26/17
JEFF
09/26/17
NO CHANGE
JEFF
Buy
T-Mobile shares could be worth over $90 with Sprint deal, says Jefferies
A merger between T-Mobile (TMUS) and Sprint (S) would make for a much stronger number three player in wireless and bring "massive" synergies, but regulatory approval, while not out of the question, remains uncertain, Jefferies analyst Mike McCormack tells investors in a research note. The analyst's initial pro forma analysis, which assumes an all-stock transaction at current market prices and synergies ramping to a $4.5B run rate in year three, suggests T-Mobile could be worth more than $90 per share in a deal scenario, or 43% above the current price. The stock closed yesterday down $1.17 to $62.89. McCormack also continues to see "significant value" in T-Mobile on a standalone basis. He has a Buy rating on the shares with an $80 price target.
TMUS T-Mobile
$62.92

-0.21 (-0.33%)

TODAY'S FREE FLY STORIES

$NYE

NYSE Market Internals

$0.00

(0.00%)

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13:16
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NYSE market internals summary »

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DHI

D.R. Horton

$44.28

0.77 (1.77%)

13:10
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Options
Size block of calls sold in D R Horton looks closing »

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M

Macy's

$41.80

1.72 (4.29%)

, PFGC

Performance Food Group

$38.05

1.15 (3.12%)

13:07
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Earnings
Notable companies reporting before tomorrow's open »

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M

Macy's

$41.80

1.72 (4.29%)

PFGC

Performance Food Group

$38.05

1.15 (3.12%)

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AIV

Aimco

$43.25

0.5 (1.17%)

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Conference/Events
Aimco management to meet with Jefferies »

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A

Agilent

$67.14

1.19 (1.80%)

, CREE

Cree

$49.96

-0.32 (-0.64%)

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Agilent

$67.14

1.19 (1.80%)

CREE

Cree

$49.96

-0.32 (-0.64%)

VIAV

Viavi

$11.09

0.13 (1.19%)

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KO

Coca-Cola

$45.93

0.11 (0.24%)

, PEP

PepsiCo

$112.80

-0.22 (-0.19%)

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Hot Stocks
Coca-Cola's BodyArmor deal seen as negative for Pepsi, Keurig Dr Pepper »

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KO

Coca-Cola

$45.93

0.11 (0.24%)

PEP

PepsiCo

$112.80

-0.22 (-0.19%)

KDP

Keurig Dr Pepper

$23.61

-0.14 (-0.59%)

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X

U.S. Steel

$30.23

0.025 (0.08%)

, AKS

AK Steel

$4.20

-0.06 (-1.41%)

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13:05
Periodicals
Canada near to imposing broad steel tariffs, Dow Jones says »

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X

U.S. Steel

$30.23

0.025 (0.08%)

AKS

AK Steel

$4.20

-0.06 (-1.41%)

NUE

Nucor

$63.53

0.4 (0.63%)

STLD

Steel Dynamics

$43.57

-0.1 (-0.23%)

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  • 11

    Sep

IGT

International Game

$20.44

-0.12 (-0.58%)

13:05
08/14/18
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13:05
Options
International Game call volume above normal and directionally bullish »

Bullish option flow…

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CLI

Mack-Cali Realty

$19.99

0.92 (4.82%)

13:03
08/14/18
08/14
13:03
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13:03
Periodicals
Land & Buildings likely to push for Mack-Cali sale, Bloomberg reports »

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TSLA

Tesla

$356.33

0.29 (0.08%)

, GS

Goldman Sachs

$229.95

3.12 (1.38%)

12:56
08/14/18
08/14
12:56
08/14/18
12:56
Periodicals
Goldman not hired officially by Tesla at time of tweet, Bloomberg reports »

Goldman Sachs had not…

TSLA

Tesla

$356.33

0.29 (0.08%)

GS

Goldman Sachs

$229.95

3.12 (1.38%)

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  • 29

    Oct

DOMO

Domo

$18.38

-0.1 (-0.54%)

12:53
08/14/18
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12:53
Hot Stocks
Breaking Hot Stocks news story on Domo »

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WMT

Walmart

$90.91

1.25 (1.39%)

12:50
08/14/18
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12:50
Options
8.8K Walmart Sep 92.5 - Oct 95 call spreads bought for 29c »

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  • 16

    Aug

AMZN

Amazon.com

$1,916.80

21.29 (1.12%)

12:49
08/14/18
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Periodicals
U.K's ASA says Amazon Prime's one-day claim misled customers, CNBC reports »

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CCXI

ChemoCentryx

$11.12

-1.54 (-12.16%)

12:47
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ChemoCentryx analyst commentary  »

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AEO

American Eagle

$28.00

0.66 (2.41%)

12:45
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Options
American Eagle call volume above normal and directionally bullish »

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  • 29

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GOOG

Alphabet

$1,240.12

5.02 (0.41%)

, GOOGL

Alphabet Class A

$1,255.80

7.04 (0.56%)

12:38
08/14/18
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Periodicals
Alphabet invests $375M in Obamacare startup Oscar, Bloomberg reports »

Alphabet is investing…

GOOG

Alphabet

$1,240.12

5.02 (0.41%)

GOOGL

Alphabet Class A

$1,255.80

7.04 (0.56%)

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STXB

Spirit of Texas Bancshares

$21.48

(0.00%)

12:37
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Breaking Hot Stocks news story on Spirit of Texas Bancshares »

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EKSO

Ekso Bionics

$2.84

0.16 (5.97%)

12:35
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12:35
Hot Stocks
Ekso Bionics awarded $5M Department of Veterans Affairs contract 

Reference Link

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General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

ATVI

Activision Blizzard

$71.54

1.02 (1.45%)

, EA

Electronic Arts

$131.76

0.47 (0.36%)

12:32
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Game On: 'Fortnite' reportedly poses malware risk on Android »

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ATVI

Activision Blizzard

$71.54

1.02 (1.45%)

EA

Electronic Arts

$131.76

0.47 (0.36%)

GOOG

Alphabet

$1,239.50

4.4 (0.36%)

GOOGL

Alphabet Class A

$1,255.19

6.43 (0.51%)

SSNLF

Samsung

$0.00

(0.00%)

TCEHY

Tencent

$0.00

(0.00%)

DIS

Disney

$112.93

0.82 (0.73%)

CCOEY

Capcom

$0.00

(0.00%)

NTDOY

Nintendo

$0.00

(0.00%)

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URBN

Urban Outfitters

$47.93

0.51 (1.08%)

12:30
08/14/18
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12:30
Options
Put spreads in Urban Outfitters ahead of earnings next week »

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  • 21

    Aug

YUMC

Yum China

$35.81

1.59 (4.65%)

12:25
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12:25
Options
Yum China call volume above normal and directionally bullish »

Bullish option flow…

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  • 10

    Sep

ACRS

Aclaris Therapeutics

$16.86

-0.27 (-1.58%)

12:25
08/14/18
08/14
12:25
08/14/18
12:25
Conference/Events
Cantor consumer products analysts to hold analyst/industry conference call »

Analysts, along with Dr.…

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  • 14

    Aug

CLI

Mack-Cali Realty

$19.42

0.35 (1.84%)

12:22
08/14/18
08/14
12:22
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12:22
Periodicals
Breaking Periodicals news story on Mack-Cali Realty »

Activist investor Litt…

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