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ATVI

Activision Blizzard

$70.82

0.48 (0.68%)

, TCEHY

Tencent

$0.00

(0.00%)

13:48
05/17/18
05/17
13:48
05/17/18
13:48

Activision confirms 'Call of Duty: Black ops 4' to include battle royale mode

At its Community Reveal Event for the next "Call of Duty" game, Activision's (ATVI) Treyarch confirmed that "Call of Duty: Black Ops 4" will come with a battle royale mode, similar to what is found in Epic Games' "Fortnite" and "PlayerUnknown's Battlegrounds." The game maker said it will put all characters, features, and parts of places from previous "Black Ops" games into its battle royale mode. The game's battle royale mode will be called "Blackout." In addition, Treyarch confirmed that "Black Ops 4" will not include a traditional single-player campaign. Epic Games is 40% owned by Tencent (TCEHY) and is part of Disney's (DIS) Accelerator Program. The mobile version of "PUBG" is published by Tencent while the Xbox One version if published by Microsoft Studios (MSFT).

ATVI

Activision Blizzard

$70.82

0.48 (0.68%)

TCEHY

Tencent

$0.00

(0.00%)

DIS

Disney

$104.75

-0.25 (-0.24%)

MSFT

Microsoft

$96.48

-0.66 (-0.68%)

  • 03

    Jun

ATVI Activision Blizzard
$70.82

0.48 (0.68%)

05/03/18
BARD
05/03/18
NO CHANGE
Target $80
BARD
Outperform
Activision Blizzard reported 'decent' Q1 results, says Baird
Baird analyst Colin Sebastian said that Activision Blizzard reported "decent" Q1 results, especially relative to the "amount of intra-quarter angst" over Fortnite competition. The company's Q2 revenue and EPS guidance of $1.35B and 31c, respectively, were below consensus, which he attributes to "typical management conservatism" along with a shift to catalog sales in a quarter with no significant new title launches. Sebastian has an Outperform rating and $80 price target on Activision Blizzard shares, which have reopened for trading following the company's official release of its earnings report.
05/04/18
MSCO
05/04/18
NO CHANGE
Target $75
MSCO
Overweight
Activision Q1 report bullish for Take-Two, Electronic Arts, says Morgan Stanley
Morgan Stanley analyst Brian Nowak believes there was some impact on Activision Blizzard (ATVI), notably on Call of Duty, in Q1 from Fortnite, though that impact was less than feared, which he sees as a bullish sign for Take-Two (TTWO) and Electronic Arts (EA). In a note entitled "Could Fortnite End Up Being a Good Thing?," Nowak adds that Fortnite's success speaks to how a first person shooter can be monetized on a mobile screen, which he calls "a meaningful opportunity" for the Call of Duty franchise. Nowak keeps an Overweight rating and $75 price target on Activision Blizzard shares.
05/04/18
JEFF
05/04/18
NO CHANGE
Target $86
JEFF
Buy
Activision Blizzard worst case did not materialize, says Jefferies
With the shares down 15% since March 9 on Fortnite fears, Activision Blizzard's beat and raise quarter shows the "worst-case scenario simply did not materialize," Jefferies analyst Timothy O'Shea tells investors in a research note. He sees a buying opportunity at current levels and "absolutely" wants to own the stock heading into the second half of 2018 and 2019. O'Shea expects "nice leverage" as new mobile game and advertising businesses scale. He keeps a Buy rating on Activision Blizzard with an $86 price target.
05/16/18
MSCO
05/16/18
NO CHANGE
Target $75
MSCO
Overweight
Morgan Stanley says eSports now a $13B 'call option' for Activision investors
Morgan Stanley analyst Brian Nowak raised his "bull case" valuation for Activision Blizzard's eSports franchise to $12.9B from $8.6B, noting that Overwatch League audiences are twice as big as he'd forecast, he expects the company to begin selling Call of Duty eSports franchises in early 2019 and new potential sports gambling laws may open another door to monetization. Calling eSports a "$13B call option" for Activision investors, Nowak maintains an Overweight rating and $75 price target on the stock while raising his bull case valuation to $100 per share.
TCEHY Tencent
$0.00

(0.00%)

05/16/18
05/16/18
DOWNGRADE

Sector Weight
Vipshop downgraded to Sector Weight at KeyBanc
As previously reported, KeyBanc analyst Hans Chung downgraded Vipshop (VIPS) to Sector Weight from Overweight as he sees uncertainties around Tencent (TCEHY) and JD.com (JD) contributions ahead, which drove high expectations for the top-line growth and multiple expansion, and sees margin pressure likely to continue driven by sector competition and the company's hike in marketing expenses to grow new customer organically.
02/13/18
02/13/18
UPGRADE
Target $20

Outperform
Vipshop upgraded to Outperform on improved growth prospects at Macquarie
As previously reported, Macquarie analyst Wendy Huang upgraded Vipshop (VIPS) to Outperform from Neutral following the company's revenue and earnings beat in Q4. Huang believes the company's recently announced tie-up with Tencent (TCEHY) and JD.com (JD) has strengthened its growth prospects, as it can accelerate user acquisitions and help the company attract more brands and better products to sell. Huang, who also reiterated JD.com as her top pick among e-commerce names, has a $20 price target on Vipshop shares.
04/05/18
KEYB
04/05/18
INITIATION
KEYB
Overweight
Tencent initiated with an Overweight at KeyBanc
KeyBanc analyst Hans Chung started Tencent with an Overweight rating and HK$556 price target as he believes its valuation underestimates the potential growth in WeChat ad monetization, its new opportunities in mini-programs, and its leadership in gaming and digital media. The analyst views Tencent as in the early stage of monetizing its media properties and sees substantial growth potential through ad load increase and platform economy of mini-programs, and CRM, payment, and cloud solutions for smart retail.
05/16/18
BNCH
05/16/18
NO CHANGE
Target $19
BNCH
Buy
Vipshop price target lowered to $19 from $24 at Benchmark
Benchmark analyst Fawne Jiang lowered her price target on Vipshop shares to $19 from $24 to reflect a more gradual revenue contribution from the company's partnership with Tencent (TCEHY)and JD.com (JD). Along with the company's Q1 report, Vipshop noted the trial-and-error process and natural learning curve of working with new platforms, leading to its soft Q2 guidance and reservations regarding an accelerated partnership ramp-up, noted Jiang, who keeps a Buy rating on Vipshop shares.
DIS Disney
$104.75

-0.25 (-0.24%)

04/30/18
BARD
04/30/18
NO CHANGE
Target $33
BARD
Neutral
Twitter's new partnerships highlight 'growing relevance,' says Baird
Disney's (DIS) and Viacom's (VIAB) announced live content/streaming partnerships with Twitter (TWTR) highlight Twitter's "growing relevance as a distribution platform," Baird analyst Colin Sebastian tells investors in a research note. He believes the partnerships should provide tailwinds for Twitter's video advertising business. Video accounts for greater than 50% of Twitter ad revenue and is its fastest growing ad format, Sebastian points out. The analyst says Disney and Viacom represent two of the company's biggest partnership wins to-date. He keeps a Neutral rating on Twitter with a $30 price target. The stock closed the trading day up 4.5% to $30.31.
05/01/18
MSCO
05/01/18
NO CHANGE
Target $130
MSCO
Overweight
Disney trades at 'historic discount' while building out OTT, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne believes Disney's (DIS) new segment presentation could benefit shares by highlighting Disney's Over-the-top, or OTT, opportunity and providing visibility into the earnings power of its core businesses. If Fox (FOXA) is included and Hulu is consolidated, Swinburne estimates Disney's OTT and Direct-to-consumer businesses grow to roughly $6.5B in gross annual revenues by FY20, while noting that the stock is currently trading at a historical discount to the S&P 500. He maintains an Overweight rating and $130 price target on Disney shares.
05/09/18
MSCO
05/09/18
NO CHANGE
Target $130
MSCO
Overweight
Morgan Stanley says Disney's Q2 showcases strong profit potential of 'IP' units
Morgan Stanley analyst Benjamin Swinburne said Disney's Q2 results showcase the strong profit growth potential of the company's intellectual property, or "IP," driven segments, namely the Film and Parks units. The better than expected results also highlight improvement at core Media Networks despite some modest dilution from OTT investments, added Swinburne, who keeps an Overweight rating and $130 price target on Disney shares.
05/10/18
OPCO
05/10/18
NO CHANGE
Target $42
OPCO
Outperform
Comcast acquisition of Fox would make strategic, financial sense, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that press reports stated Comcast (CMCSA) has lined up $60B in financing to make an all-cash offer for Fox's (FOXA) entertainment assets, representing a 15% premium to Disney's (DIS) offer. While he thinks this has caused half the 30% decline in Comcast's stock year to date, the analyst believes it does make strategic and financial sense, and Comcast has a great track record on acquisitions. Horan thinks a joint NBC/Fox is a content powerhouse while expanding the company's presence in Europe through Sky (SKYAY), and slashing OTT video risk. The analyst reiterates an Outperform rating and $42 price target on Comcast's shares.
MSFT Microsoft
$96.48

-0.66 (-0.68%)

04/27/18
JPMS
04/27/18
UPGRADE
Target $110
JPMS
Overweight
JPMorgan upgrades Microsoft to Overweight with $110 price target
JPMorgan analyst Mark Murphy upgraded Microsoft to Overweight from Neutral and raised his price target for the shares to $110 from $94 following last night's Q3 results. The stock in premarket trading us up 4%, or $3.68, to $97.94. The global movement toward multi-cloud architectures will benefit Microsoft's Azure, Murphy tells investors in a research note. Further, he believes the company's "linkage to large digital transformation initiatives" and favorable positioning for hybrid cloud architectures create potential for additional upside.
05/15/18
NEED
05/15/18
NO CHANGE
Target $49
NEED
Buy
Mimecast price target raised to $49 from $46 at Needham
Needham analyst Alex Henderson raised his price target on Mimecast (MIME) to $49 and kept his Buy rating after its "strong" Q4 results and initial FY19 guidance. The analyst notes that the wider than expected loss was in part due to the costs around the company's move to Lexington headquarters. Henderson adds that the upcoming quarter will be the first under the ASC 606 model, which should weigh on revenues but also add "solidly" to operating margins. The analyst is also positive on Mimecast's expansion in Europe following a "smooth" build-out in Germany, while its partnership with Microsoft (MSFT) is not changing despite the comments made regarding security around Office 365.
05/10/18
FBCO
05/10/18
NO CHANGE
Target $115
FBCO
Outperform
Microsoft continues to leverage penetration in enterprise, says Credit Suisse
Credit Suisse analyst Michael Nemeroff says that Microsoft continues to leverage its existing and deep penetration in the enterprise to further distance itself among its technology peers by incorporating AI and ML into its dominant suite of productivity applications. The analyst reiterates an Outperform rating and $115 price target on the shares.
04/27/18
04/27/18
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. Facebook (FB) upgraded to Buy from Hold at Stifel with analyst Scott Devitt acknowledging that he was wrong to have stuck with his recent view on Facebook following its first earnings report. 2. Microsoft (MSFT) upgraded to Overweight from Neutral at JPMorgan with analyst Mark Murphy saying the global movement toward multi-cloud architectures will benefit Microsoft's Azure. 3. Bristol-Myers (BMY) upgraded to Market Perform from Underperform at BMO Capital with analyst Alex Arfaei saying his concerns around the uncertainty of Opdivo sales erosion are mostly priced in, anticipating a 7% sales growth for the drug in 2019 and hoping for "more competitive" 1L-NSCLC readout that the recently disappointing IO data. 4. Nike (NKE) upgraded to Buy from Hold at HSBC. 5. Intel (INTC) upgraded to Market Perform from Underperform at Bernstein with analyst Stacy Rasgon citing the company's "very strong" Q1 report. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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INGIY

Ingenico

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MSFT

Microsoft

$113.24

1.05 (0.94%)

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BWA

BorgWarner

$42.99

-1.17 (-2.65%)

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JLL

Jones Lang LaSalle

$144.15

0.795 (0.55%)

19:31
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  • 25

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RACE

Ferrari

$138.31

5.465 (4.11%)

19:24
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Ferrari sees FY18 revenue over EUR3.4B »

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  • 18

    Sep

SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

, INAP

Internap

$12.39

-0.33 (-2.59%)

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Hot Stocks
Fly Intel: After Hours Movers »

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SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

INAP

Internap

$12.39

-0.33 (-2.59%)

TRVG

Trivago

$5.13

0.26 (5.34%)

PRQR

ProQR Therapeutics

$20.25

-1.4 (-6.47%)

MSFT

Microsoft

$113.24

1.05 (0.94%)

EVOP

EVO Payments

$26.27

-0.42 (-1.57%)

TSM

TSMC

$43.57

-0.2 (-0.46%)

03/08/13
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    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

18:58
09/18/18
09/18
18:58
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18:58
Periodicals
China to place new tariffs on $60B in U.S. exports, WSJ says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

03/08/13
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SQ

Square

$87.97

1.1 (1.27%)

18:55
09/18/18
09/18
18:55
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18:55
Periodicals
Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

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  • 18

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MSFT

Microsoft

$113.24

1.05 (0.94%)

18:48
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18:48
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Hot Stocks
Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

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  • 21

    Oct

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  • 03

    Mar

KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

18:39
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09/18
18:39
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Hot Stocks
Kirkland Lake Gold acquires shares of Osisko Mining »

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  • 23

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
09/18/18
09/18
18:39
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18:39
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

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  • 21

    Oct

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    Mar

OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
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09/18
18:23
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18:23
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OMA Airports rating change at Santander »

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CE

Celanese

$113.41

-0.03 (-0.03%)

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

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RIG

Transocean

$11.93

0.335 (2.89%)

17:29
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Transocean initiated at Morgan Stanley »

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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
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Noble Corp. initiated at Morgan Stanley »

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  • 24

    Sep

CCOEY

Capcom

17:24
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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
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Breaking Syndicate news story on Best Buy »

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
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09/18
17:22
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17:22
Initiation
Diamond Offshore initiated at Morgan Stanley »

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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
09/18/18
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TSMC rating change at Morgan Stanley »

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