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GPRO

GoPro

$4.87

0.11 (2.31%)

13:27
04/12/18
04/12
13:27
04/12/18
13:27

GoPro jumps on report of possible takeover bid from Xiaomi

Shares of GoPro jumped after The Information's Alfred Lee reported that Chinese electronics maker Xiaomi has weighed whether to make a takeover offer to the action camera maker. Xiaomi doesn't want to overpay, however, Lee reported, citing a person familiar with the matter. Chinese drone maker DJI was pitched by bankers on GoPro several months ago, but saw no value in the company and didn't pursue a deal, Lee added. GoPro CEO Nick Woodman said earlier this year that he would consider an acquisition proposal from a larger company. The stock in afternoon trading is up 6.3%, or 31c, to $5.18.

GPRO GoPro
$4.87

0.11 (2.31%)

01/23/18
01/23/18
DOWNGRADE
Target $5

Underweight
GoPro downgraded to Underweight on limited strategic value at Morgan Stanley
As previously reported, Morgan Stanley Yuuji Anderson downgraded GoPro to Underweight from Equal Weight, arguing that the market is giving too much credit to the company for its strategic value. Improving action camera demand hinges on meaningful improvements in usability, and without acceleration in that area Yuuji thinks negative trends are more likely to continue into 2019, weighing on earnings and GoPro's potential strategic value, he tells investors in a note partially titled "A Long Year Ahead." The analyst cut his price target on GoPro to $5 from $9.50.
01/23/18
01/23/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Neutral from Buy at Buckingham with analyst Matthew Harrigan citing valuation. 2. GoPro (GPRO) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Yuuji Anderson arguing that the market is giving too much credit to the company for its strategic value. 3. Wayfair (W) downgraded to Hold from Buy at Stifel with analyst Scott Devitt citing his view that the risk/reward is balanced at the stock's current levels. 4. Fortinet (FTNT) downgraded to Hold from Buy at Deutsche Bank with analyst Gray Powell saying his field discussions indicate the company's growth in the fourth quarter was weaker than expected. 5. Sprint (S) downgraded to Underperform from Neutral at Macquarie with analyst Amy Young saying she believes Sprint is stuck between a slowdown in the multi-year turnaround and a lack of near-term strategic options as circumstances have deteriorated with rising competition, executive turnover, and increasing capital expenditures. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/02/18
JPMS
02/02/18
DOWNGRADE
Target $8
JPMS
Neutral
GoPro downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Paul Coster downgraded GoPro to Neutral and lowered his price target for the shares to $8 from $9. The analyst sees a tough first half of 2018 for the company after its Q4 results missed expectations. GoPro has not made the ease-of-use breakthrough that will drive growth, and the product cycle in the second half of 2018 will likely only deliver incremental improvement in the experience, Coster tells investors in a research note. He lowered his estimates and moves to an enterprise value-to-sales valuation approach given the absence of profitability.
02/02/18
SBSH
02/02/18
NO CHANGE
Target $5.5
SBSH
Neutral
GoPro price target lowered to $5.50 from $7 at Citi
Citi analyst Stanley Kovler lowered his price target for GoPro to $5.50 following the company's weaker than expected Q4 results. The analyst expects GoPro's 2018 to be second-half weighted for the third consecutive year as it once again burns off excess inventory in the first half. Kovler keeps a Neutral rating on the shares.

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AA

Alcoa

$59.78

-0.47 (-0.78%)

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American Airlines

$46.58

-0.3 (-0.64%)

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Alcoa

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American Airlines

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ALK

Alaska Air

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BA

Boeing

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Delta Air Lines

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GE

General Electric

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LUV

Southwest

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UAL

United Continental

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1.485 (2.11%)

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JetBlue

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PSX

Phillips 66

$110.85

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Ultimate Software

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Ultimate Software announces SMS Equipment to use its reporting product »

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C

Citi

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Big U.S. banks race to launch mortgage apps as home lending slows, Reuters says »

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U.S. Bancorp

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JPMorgan

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Bank of America

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GS

Goldman Sachs

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Wells Fargo

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MS

Morgan Stanley

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T

AT&T

$34.67

-0.15 (-0.43%)

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Verizon

$48.01

-0.43 (-0.89%)

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U.S. investigating wireless collusion claim against AT&T, Verizon, NY Times says »

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AT&T

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Verizon

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S

Sprint

$6.00

0.045 (0.76%)

TMUS

T-Mobile

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0.02 (0.03%)

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HPE

HP Enterprise

$17.23

-0.19 (-1.09%)

15:45
04/20/18
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Options
Hewlett Packard Enterprise call volume above normal and directionally bullish »

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T

AT&T

$34.64

-0.18 (-0.52%)

, VZ

Verizon

$47.99

-0.45 (-0.93%)

15:42
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Periodicals
Breaking Periodicals news story on AT&T, Verizon, Sprint, T-Mobile »

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T

AT&T

$34.64

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VZ

Verizon

$47.99

-0.45 (-0.93%)

S

Sprint

$6.00

0.045 (0.76%)

TMUS

T-Mobile

$63.27

0.01 (0.02%)

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ALXN

Alexion

$106.59

-5.15 (-4.61%)

15:36
04/20/18
04/20
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15:36
Hot Stocks
Alexion says no licence of Soliris was requested or granted in Brazil »

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SYNT

Syntel

$28.04

0.19 (0.68%)

15:35
04/20/18
04/20
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15:35
Recommendations
Syntel analyst commentary  »

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TRUP

Trupanion

$27.51

-1.42 (-4.91%)

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Trupanion cost saving sharing may violate state laws, Capitol Forum says »

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BURL

Burlington Stores

$132.82

-3.36 (-2.47%)

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Bullish option play in Burlington Stores as shares slump »

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VIA

Viacom

$35.35

-0.25 (-0.70%)

, FOXA

21st Century Fox

$36.69

-0.51 (-1.37%)

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Viacom

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FOXA

21st Century Fox

$36.69

-0.51 (-1.37%)

LGF.B

Lionsgate

$23.89

-0.55 (-2.25%)

VIAB

Viacom

$30.77

0.02 (0.07%)

CMCSA

Comcast

$33.14

-0.35 (-1.05%)

CMCSK

Comcast

LGF.A

Lionsgate

$25.72

-0.48 (-1.83%)

TWX

Time Warner

$95.98

-0.59 (-0.61%)

DIS

Disney

$100.01

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SNE

Sony

$49.70

-0.03 (-0.06%)

FOX

21st Century Fox

$36.12

-0.55 (-1.50%)

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ALXN

Alexion

$106.37

-5.37 (-4.81%)

15:28
04/20/18
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Alexion analyst commentary  »

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ANF

Abercrombie & Fitch

$26.36

-1.08 (-3.94%)

15:25
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Abercrombie & Fitch call volume above normal and directionally bullish »

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MEOH

Methanex

$66.80

-0.65 (-0.96%)

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Breaking Hot Stocks news story on Methanex »

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XLK

Technology Select Sector SPDR

$66.01

-1.14 (-1.70%)

, XLP

Consumer Staples Sector SPDR

$50.43

-0.91 (-1.77%)

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Technical Analysis
Technical Take: SPDR S&P 500 ETF falls to session lows heading to the close »

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XLK

Technology Select Sector SPDR

$66.01

-1.14 (-1.70%)

XLP

Consumer Staples Sector SPDR

$50.43

-0.91 (-1.77%)

SPX

S&P 500

SPY

SPDR S&P 500 ETF Trust

$265.88

-2.96 (-1.10%)

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$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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OPBK

OP Bancorp

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Breaking Hot Stocks news story on OP Bancorp  »

SCW Capital reports 5.5%…

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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ERIC

Ericsson

$7.80

1.16 (17.47%)

15:10
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Bullish option play in Ericsson as shares surge to 52-week highs »

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VALU

Value Line

$21.99

0.46 (2.14%)

15:08
04/20/18
04/20
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Hot Stocks
Value Line raises quarterly dividend 5.56% to 19c per common share »

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LAWS

Lawson Products

$24.60

-0.75 (-2.96%)

15:03
04/20/18
04/20
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15:03
Recommendations
Lawson Products analyst commentary  »

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SMH

Market Vectors Semiconductor

$98.95

-1.21 (-1.21%)

15:00
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15:00
Options
VanEck Vectors Semi options volume is 3X daily average as shares extend losses »

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15:00
04/20/18
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15:00
General news
Fed's Kashkari is surprised the 10-year rate hasn't risen more »

Fed's Kashkari is…

LLY

Eli Lilly

$79.11

-0.62 (-0.78%)

14:53
04/20/18
04/20
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14:53
Hot Stocks
Eli Lilly says Phase 3 RANGE study didn't reach statistical significance for OS »

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