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DLB

Dolby

$69.01

1.01 (1.49%)

, DIS

Disney

$101.21

-1 (-0.98%)

08:41
04/19/18
04/19
08:41
04/19/18
08:41

Dolby, Disney announce extended theatrical collaboration

Dolby Laboratories (DLB) announced 20 Dolby Vision and Dolby Atmos titles from The Walt Disney Studios (DIS), adding to the growing slate of movies to be shown at Dolby Cinema locations around the globe. Titles include live-action and animated releases from Disney, Lucasfilm, Marvel Studios, Pixar, and Walt Disney Animation Studios. "Dolby and Disney share a rich history and mutual desire to bring the most spectacular cinematic experiences to audiences across the globe," said Doug Darrow, Senior Vice President, Cinema Business Group, Dolby Laboratories. "With the expanded partnership, fans will experience many anticipated movies, including two upcoming Star Wars titles and two titles in the Avengers franchise, in both cutting-edge imaging and state-of-the-art sound."

DLB

Dolby

$69.01

1.01 (1.49%)

DIS

Disney

$101.21

-1 (-0.98%)

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    Jun

DLB Dolby
$69.01

1.01 (1.49%)

09/13/17
PIPR
09/13/17
NO CHANGE
Target $52
PIPR
Neutral
Dolby's annual Apple revenue could be up to $35M, says Piper Jaffray
Apple's (AAPL) iPhone X, iPhone 8, iPhone 8 Plus and Apple TV 4K will incorporate Dolby Vision (DLB), Piper Jaffray analyst Michael Olson tells investors in a research note. While the economics are unclear, assuming a royalty of 10c-15c per iPhone, revenue would fall between $20M-$30M annually for Dolby, Olson tells investors in a research note. Apple TV sales are likely 5M-8M units per year, potentially adding another $5M to revenue, the analyst estimates. He believes the longer term impact could be more material, however, depending on adoption of Vision on other devices. Olson upped his price target on Dolby shares to $52 from $49 and keeps a Neutral rating on the name.
01/16/18
RILY
01/16/18
DOWNGRADE
Target $63
RILY
Neutral
Dolby downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Eric Wood downgraded Dolby Laboratories to Neutral saying the risk/reward is more balanced following the recent share rally.
04/03/18
DOTC
04/03/18
NO CHANGE
Target $75
DOTC
Buy
Dolby investments have reached payoff stage, says Dougherty
Dougherty analyst Steven Frankel said Dolby is battling a perception that it is tied to legacy technologies, but he believes investors have missed a resurging growth story as the company's multi-year investments in new technologies have reached the payoff stage. The idea of Dolby being a double-digit revenue grower "has gone from aspirational when first trotted out by management a couple of years ago to something that looks achievable," contends Frankel, who reiterated a Buy rating and $75 price target on Dolby shares.
04/06/18
WBLR
04/06/18
NO CHANGE
WBLR
Outperform
Dolby relationship with Samsung may be strengthening, says William Blair
William Blair analyst Ralph Schackart points out that on February 25, the Samsung Galaxy S9/S9+ product line added Dolby Atmos to its smartphones. Dolby Atmos was launched in 2012 with a focus on the movie theater end-market, Schackart tells investors in a research note. The analyst views the development as potentially early evidence that the "historically rocky Samsung/Dolby relationship may be strengthening." He estimates the Atmos opportunity for Dolby in 2018 at roughly $8M in sales and about 6c in earnings per share. Schackart keeps an Outperform rating on Dolby.
DIS Disney
$101.21

-1 (-0.98%)

03/15/18
LOOP
03/15/18
INITIATION
Target $130
LOOP
Buy
Disney initiated with a Buy at Loop Capital
Loop Capital analyst Alan Gould started Disney (DIS) with a Buy rating and $130 price target. The analyst views the Disney/21st Century Fox (FOXA) deal as a "win/win," positioning Disney to be a more competitive player in the global streaming business.
04/11/18
JPMS
04/11/18
NO CHANGE
JPMS
JPMorgan boosts Disney estimates on 'Black Panther' strength
To reflect the strength of "Blank Panther," JPMorgan analyst Alexia Quadrani raised her Q2 earnings per share estimate for Disney to $1.68 from $1.57. The move has grossed $1.3B in global box office to date, far above the analyst's previous $775M estimate. The "significant outperformance" of "Black Panther" more than offsets softer results for "A Wrinkle in Time," Quadrani tells investors in a research note. The analyst is currently Not Rated on shares of Disney.
04/17/18
PIVT
04/17/18
UPGRADE
Target $93
PIVT
Hold
Disney upgraded to Hold from Sell at Pivotal Research
Pivotal Research analyst Brian Wieser upgraded Disney to Hold while trimming his price target for the shares to $93 from $94. The company "has a lot of positive elements" heading into the back half of the year, including a strong film slate, the launch of new direct to consumer over-the-top services and efforts in support of the close of the Fox (FOXA) transaction, Wieser tells investors in a research note. The analyst believes all the stocks he covers in the video-centric media space look fairly valued.
04/17/18
04/17/18
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. Disney (DIS) upgraded to Hold from Sell at Pivotal Research with analyst Brian Wieser saying the company "has a lot of positive elements" heading into the back half of the year, including a strong film slate, the launch of new direct to consumer over-the-top services, and efforts in support of the close of the Fox (FOXA) transaction. 2. Coca-Cola (KO) upgraded to Neutral from Sell at Goldman Sachs with analyst Judy Hong saying she sees an improving organic sales growth outlook, "cleaner base" post-refranchising, and better visibility on its margin and earnings targets. 3. Merck (MRK) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger saying the Keytruda+chemo combination showed better than expected results in lung cancer, boosting the company's immuno-oncology lead against Bristol-Myers (BMY). 4. Newell Brands (NWL) upgraded to Outperform from Market Perform at Wells Fargo with analyst Bonnie Herzog saying the stock's setup is good looking forward, with greater potential upside than downside risk over the next 12 months. 5. Twitter (TWTR) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Brian Nowak citing recent advertiser conversations that have continued to be incrementally positive about Twitter's ad business. 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

MLHR

Herman Miller

$37.30

0.2 (0.54%)

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MANT

ManTech

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CPRT

Copart

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PFE

Pfizer

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HCA

HCA Healthcare

$131.92

-1.86 (-1.39%)

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OMED

OncoMed

$2.82

-0.07 (-2.42%)

, CELG

Celgene

$87.39

-0.22 (-0.25%)

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CELG

Celgene

$87.39

-0.22 (-0.25%)

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MO

Altria Group

$61.83

-0.31 (-0.50%)

, BTI

British American Tobacco

$46.87

-0.475 (-1.00%)

08:05
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09/20
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08:05
Recommendations
Altria Group, British American Tobacco, Philip Morris analyst commentary  »

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MO

Altria Group

$61.83

-0.31 (-0.50%)

BTI

British American Tobacco

$46.87

-0.475 (-1.00%)

PM

Philip Morris

$80.92

0.59 (0.73%)

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SNHY

Helios Technologies

$55.00

0.49 (0.90%)

08:05
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ZG

Zillow

$43.78

-0.37 (-0.84%)

, Z

Zillow

$44.12

-0.49 (-1.10%)

08:04
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Zillow signs listings agreement with Right at Home Realty »

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ZG

Zillow

$43.78

-0.37 (-0.84%)

Z

Zillow

$44.12

-0.49 (-1.10%)

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GIB

CGI Group

$66.11

(0.00%)

08:04
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08:04
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CGI Group acquires ckc AG in Germany »

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MTW

Manitowoc

$24.50

0.8 (3.38%)

08:04
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Manitowoc rating change  »

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BRKR

Bruker

$34.89

0.01 (0.03%)

08:03
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PSMT

PriceSmart

$83.60

-0.9 (-1.07%)

08:03
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PriceSmart acquires land in Guatemala »

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WFC

Wells Fargo

$55.23

0.73 (1.34%)

08:01
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Periodicals
Wells Fargo denies New York Post report on Cohn approach, CNBC says »

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RHT

Red Hat

$143.38

0.59 (0.41%)

08:00
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BAC

Bank of America

$31.01

0.79 (2.61%)

08:00
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Options
Bank of America call buyer realizes 319% same-day gains »

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DRI

Darden

$117.90

-1.03 (-0.87%)

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FBP

First BanCorp

$8.61

0.12 (1.41%)

07:59
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XOMA

Xoma

$16.05

-0.15 (-0.93%)

07:58
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  • 24

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SQ

Square

$84.81

-3.16 (-3.59%)

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NWL

Newell Brands

$21.64

0.125 (0.58%)

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WLH

William Lyon Homes

$18.64

-0.68 (-3.52%)

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CPA

Copa Holdings

$80.01

0.595 (0.75%)

07:55
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Conference/Events
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  • 20

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WHLR

Wheeler REIT

$4.18

0.03 (0.72%)

07:54
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CAT

Caterpillar

$152.78

3.63 (2.43%)

07:54
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