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NFLX

Netflix

$367.50

1.53 (0.42%)

, MON

Bought by BAYRY

$127.96

0.03 (0.02%)

04:55
06/07/18
06/07
04:55
06/07/18
04:55

Netflix to replace Monsanto in S&P 100 at open on June 7

NFLX

Netflix

$367.50

1.53 (0.42%)

MON

Bought by BAYRY

$127.96

0.03 (0.02%)

NFLX Netflix
$367.50

1.53 (0.42%)

05/15/18
PIPR
05/15/18
NO CHANGE
Target $367
PIPR
Overweight
Piper survey shows most Netflix subscribers willing to pay more
Piper Jaffray analyst Michael Olson says his firm's survey of 1,100 domestic Netflix subscribers shows that most would be willing to pay more to remain subscribers of the service, with some willing to pay significantly more. Specifically, 64% of subscribers surveyed indicated that they would not cancel Netflix until it reaches a price of greater than $15 per month. Among those, 23% said they wouldn't cancel until pricing reached greater than $20 per month, and 5% would only cancel if pricing was well above $20 per month. The conclusion is that Netflix could raise monthly prices to $15 or more today and approximately two-thirds of subs would absorb the increase and remain on the service, Olson tells investors in a research note. Compared to a similar survey taken in mid-2016, a higher percentage of subscribers are willing to pay a higher monthly fee, suggesting Netflix content has improved, the analyst adds. Olson reiterates an Overweight rating on Netflix with a $367 price target. The streaming service closed yesterday up $2.07 to $328.53.
05/29/18
PIVT
05/29/18
INITIATION
Target $200
PIVT
Buy
Spotify initiated with a Buy at Pivotal Research
Pivotal Research analyst Jeffrey Wlodarczak started Spotify with a Buy rating and $200 price target. Premium music streaming is only in the third inning of a "very healthy growth trajectory," and Spotify is the clear global leader, Wlodarczak tells investors in a research note. He forecasts a significant percentage of consumers will move to a "subscription streaming all you can eat model for music consumption." As such, the analyst believes Spotify's value will rise "materially" from current levels. Wlodarczak thinks the company has "some important similarities" with Netflix (NFLX).
05/29/18
MKMP
05/29/18
NO CHANGE
Target $390
MKMP
Buy
Netflix price target raised to $390 from $320 at MKM Partners
MKM Partners analyst Rob Sanderson raised his price target on Netflix to $390, saying the stock remains his "top pick" despite its outsized price appreciation based on his expectations of subscriber growth. The analyst further notes that Netflix "has among the very best fundamentals" among the internet megacaps, adding that if its subscriber momentum growth persists at a similar trajectory, its annual return power could top the current 15% assumption with a rate of as high as 24% per year. Sanderson also notes that more earnings gains could come from the moderating content budget spending, keeping his Buy rating on the stock.
06/01/18
RBCM
06/01/18
NO CHANGE
Target $360
RBCM
Outperform
RBC Capital backs Outperform rating on Netflix post U.S., international surveys
RBC Capital analyst Mark Mahaney reiterated an Outperform rating and $360 price target on Netflix (NFLX) shares following "positive" results from surveys in the U.S., France and German that found higher satisfaction trends, a rising willingness to pay for streaming content and high penetration levels. In the U.S., Mahaney noted that the survey found 55% of respondents watch Netflix, a significant lead over YouTube (GOOGL), Amazon (AMZN) and Hulu (DIS, CMCSA, TWX), adding that while Amazon is showing the fastest penetration growth among Streaming services, three years of data show that Prime customers are "more likely to also subscribe to Netflix." He views Netflix as one of the best derivatives off the strong growth in online video viewing and in Internet connect devices.
MON Bought by BAYRY
$127.96

0.03 (0.02%)

04/10/18
BMOC
04/10/18
DOWNGRADE
BMOC
Market Perform
Monsanto downgraded to Market Perform from Outperform at BMO Capital
04/10/18
BMOC
04/10/18
DOWNGRADE
Target $128
BMOC
Market Perform
Monsanto downgraded to Market Perform at BMO Capital on Bayer deal prospects
As reported earlier, BMO Capital analyst Joel Jackson downgraded Monsanto (MON) to Market Perform from Outperform while keeping his $128 price target. Jackson cites the rising likelihood of the acquisition by Bayer (BAYRY) after yesterday's reports of approval of the merger by the U.S. Department of Justice. The analyst notes that since the stock price is now so close to Bayer's takeout price, the isn't "sufficient spread" to support a more bullish rating. In the event of a breakdown of the deal, Jackson sees downside support for the stock around $110 per share.
04/10/18
04/10/18
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. Monsanto (MON) downgraded to Market Perform from Outperform at BMO Capital with analyst Joel Jackson citing the rising likelihood of the acquisition by Bayer (BAYRY) after yesterday's reports of approval of the merger by the U.S. Department of Justice. 2. Hershey (HSY) downgraded to Sell from Neutral at UBS with analyst Steven Strycula saying Hershey's portfolio is over-exposed to slowing category consumption, intensifying competition, and rising cocoa prices. 3. Cullen/Frost (CFR) downgraded to Underperform from Market Perform at Raymond James. 4. vTv Therapeutics (VTVT) downgraded to Hold from Buy at Stifel, to Neutral from Buy at Seaport Global, Piper Jaffray, and Roth Capital, as well as to Market Perform from Outperform at Northland. 5. Radian Group (RDN) downgraded to Sector Perform from Outperform at RBC Capital with analyst Mark Dwelle citing the latest reduction in borrower-paid premium rates at MGIC Investment (MTG) and saying he believes sentiment in the space will be negatively impacted. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/16/18
ARGS
04/16/18
DOWNGRADE
ARGS
Sell
Monsanto downgraded to Sell from Buy at Argus
Argus analyst Bill Selesky issued a double-notch downgrade on Monsanto (MON) to Sell from Buy after the U.S. Justice Department approved its acquisition by Bayer (BAYRY) last week. The analyst says the deal is expected to be further approved by Canadian and Mexican regulators and completed by the end of Q2. As part of the approval, the analyst points to the companies' pledge to sell additional assets even as Monsanto stock trades just below Bayer's acquisition price of $128 per share.

TODAY'S FREE FLY STORIES

NTGN

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LPTX

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INCY

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LOXO

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LOXO

Loxo Oncology

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MRTX

Mirati Therapeutics

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RHHBY

Roche

$0.00

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GILD

Gilead

$73.27

-0.9 (-1.21%)

, GLPG

Galapagos NV

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GLPG

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$107.66

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BLRX

BioLineRx

$0.98

-0.22 (-18.33%)

, MRK

Merck

$72.34

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BioLineRx discloses additional data from Phase 2a COMBAT/KEYNOTE-202 study »

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ADAP

Adaptimmune

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RHHBY

Roche

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PFE

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MRK

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DVAX

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EXEL

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AGEN

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OMED

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IMGN

ImmunoGen

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BMY

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MRK

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TSRO

Tesaro

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UDR

UDR, Inc.

09:37
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09:37
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UDR, Inc. rating change at Evercore ISI »

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AVB

AvalonBay

$178.01

1.725 (0.98%)

09:37
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09:37
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09:37
Downgrade
AvalonBay rating change  »

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