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DISCA

Discovery

$22.93

-0.76 (-3.21%)

12:55
05/17/18
05/17
12:55
05/17/18
12:55

Discovery put volume heavy and directionally bearish

Bearish flow noted in Discovery with 2,439 puts trading, or 5x expected. Most active are Oct-18 20 puts and Jul-18 22.5 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 2.27, while ATM IV is up over 2 points on the day. Earnings are expected on July 30th.

DISCA Discovery
$22.93

-0.76 (-3.21%)

04/24/18
DBAB
04/24/18
UPGRADE
Target $34
DBAB
Buy
Discovery upgraded to Buy with $34 price target at Deutsche Bank
Deutsche Bank analyst Bryan Kraft upgraded Discovery Communications to Buy from Hold and raised his price target for the shares to $34 from $27. The analyst views the shares as undervalued and sees unlevered free cash flow growth through 2021.
04/24/18
04/24/18
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. Hasbro (HAS) upgraded to Buy from Neutral at Monness Crespi with analyst Jim Chartier saying The Toys "R" Us liquidation has created a buying opportunity for Hasbro shares which are down 10% since the end of February. 2. BP (BP) upgraded to Buy from Neutral at Goldman Sachs with analyst Michele Della Vigna saying free cash flow growth and improving returns make BP an attractive turnaround story. 3. Volaris (VLRS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Josh Milberg saying he sees an attractive 12-18 month valuation case for the shares given their 35% selloff to an all-time low. 4. Discovery (DISCA) upgraded to Buy from Hold at Deutsche Bank with analyst Bryan Kraft saying he views the shares as undervalued and sees unlevered free cash flow growth through 2021. 5. KeyCorp (KEY) upgraded to Positive from Neutral at Susquehanna citing a better NIM and loan growth outlook. He also cites the recent pullback in the shares for the rating change. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/01/18
GSCO
05/01/18
INITIATION
Target $29
GSCO
Buy
Discovery reinstated with a Buy at Goldman Sachs
Goldman Sachs analyst Drew Borst reinstated coverage of Discovery Inc. with a Buy rating and $29 price target. Before going to Not Rated on the shares in 2017, Goldman had a Sell rating on Discovery Communications. The combination of Discovery and Scripps Networks Interactive creates a market-leading portfolio of unscripted programming with opportunities to distribute Scripps' content in international markets, Borst tells investors in a research note. Further, the combined company has 19% share of U.S. viewers, the largest in the peer group, which should result in increased bargaining power with ad buyers and video distributors, the analyst contends. He sees "ample" synergy opportunity for Discovery and views the current valuation as attractive.
05/03/18
JPMS
05/03/18
UPGRADE
Target $29
JPMS
Overweight
Discovery assumed with an Overweight from Neutral at JPMorgan
JPMorgan analyst Alexia Quadrani upgraded Discovery to Overweight with a $29 price target after assuming coverage of the name. Prior to being restricted, the analyst had a Neutral rating on Discovery with a $31 price target. The company continues to face secular headwinds following the Scripps acquisition, but with "greater scale and a notably cheaper valuation," Quadrani tells investors in a research note. She views the near-term risk/reward on the shares as attractive, but admits to having long-term concerns on Discovery as a cable network group exposed to declining linear subscriptions and flattish TV advertising.

TODAY'S FREE FLY STORIES

IGT

International Game

$29.75

-0.655 (-2.15%)

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IGT

International Game

$29.75

-0.655 (-2.15%)

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SQ

Square

$56.37

1.33 (2.42%)

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SAIL

SailPoint

$22.43

-0.16 (-0.71%)

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  • 24

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RP

RealPage

$59.45

-0.1 (-0.17%)

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  • 12

    Jun

STKS

One Group Hospitality

$2.49

(0.00%)

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TWNK

Hostess Brands

$12.85

0.15 (1.18%)

16:20
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OXFD

Oxford Immunotec

$13.74

0.18 (1.33%)

16:20
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  • 21

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Closing CBOE SPX and VIX Index summary for May 21st »

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FPAY

FlexShopper

$2.90

-0.11 (-3.65%)

16:19
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CADE

Cadence Bancorp

$29.07

0.01 (0.03%)

16:19
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05/21
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  • 22

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CHRS

Coherus Biosciences

$15.25

-0.2 (-1.29%)

16:19
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Syndicate
Coherus Biosciences files to sell $75M in common stock »

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LW

Lamb Weston

$66.72

-0.08 (-0.12%)

16:18
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16:18
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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NASDAQ market internals summary »

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CW

Curtiss-Wright

$134.02

1.97 (1.49%)

16:16
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Curtiss-Wright board authorizes additional $50M for share repurchases »

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  • 13

    Jun

VNCE

Vince Holding

$8.89

0.09 (1.02%)

16:16
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$NYE

NYSE Market Internals

$0.00

(0.00%)

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OLED

Universal Display

$96.50

2.4 (2.55%)

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  • 30

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WEB

Web.com

$18.90

-0.15 (-0.79%)

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MU

Micron

$55.46

2.085 (3.91%)

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  • 21

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KMB

Kimberly-Clark

$104.72

1.1 (1.06%)

, JNJ

Johnson & Johnson

$123.68

-0.59 (-0.47%)

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$104.72

1.1 (1.06%)

JNJ

Johnson & Johnson

$123.68

-0.59 (-0.47%)

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  • 21

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MLNT

Melinta Therapeutics

$7.30

-0.2 (-2.67%)

16:12
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Syndicate
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GE

General Electric

$15.26

0.275 (1.84%)

, WAB

Wabtec

$98.50

3.27 (3.43%)

16:11
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On The Fly: Top stock stories for Monday »

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GE

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TSLA

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PLAY

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ENR

Energizer

$59.90

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BIDU

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$240.55

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QD

Qudian

$9.58

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SGMS

Scientific Games

$62.20

1.9 (3.15%)

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  • 29

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YELP

Yelp

$46.54

0.1 (0.22%)

16:10
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Breaking Hot Stocks news story on Yelp »

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