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VZ

Verizon

$47.40

-1.4 (-2.87%)

, GS

Goldman Sachs

$233.92

1.3 (0.56%)

09:12
06/14/18
06/14
09:12
06/14/18
09:12

Bloomberg to hold a forum

Women in Smart Cities Forum will be held in Washington, D.C. on June 14.

VZ

Verizon

$47.40

-1.4 (-2.87%)

GS

Goldman Sachs

$233.92

1.3 (0.56%)

MSFT

Microsoft

$100.90

-0.41 (-0.40%)

  • 14

    Jun

  • 14

    Jun

  • 19

    Jun

  • 20

    Jun

VZ Verizon
$47.40

-1.4 (-2.87%)

06/13/18
KEYB
06/13/18
NO CHANGE
KEYB
Comcast might make competitive offer for Fox soon, says KeyBanc
KeyBanc analyst Brandon Nispel notes that Judge Richard Leon ruled in favor of AT&T (T), without condition, in a suit brought against it by the Department of Justice over its acquisition of Time Warner (TWX). The analyst believes this decision could drive additional media M&A expectations and thinks a formal offer by Comcast (CMCSA; CMCSK) for 21st Century Fox (FOXA) can come as soon as today. Nispel believes 21st Century Fox is the last of the scaled media companies, which makes it appropriate for Comcast to aggressively pursue the company. Additionally, the analyst does not see Verizon (VZ) as a likely buyer of traditional media assets
05/11/18
JPMS
05/11/18
UPGRADE
Target $58
JPMS
Overweight
After meeting with CEO, JPMorgan upgrades Verizon to Overweight
JPMorgan analyst Philip Cusick upgraded Verizon Communications to Overweight from Neutral with an unchanged price target of $58. The shares closed yesterday up 81c to $47.20. After meeting with CEO Lowell McAdam, Cusick says he has a better understanding that Verizon's "organic approach to wireless has the company on an increasingly stable footing." Further, the analyst believes Verizon's 5G opportunity "will start to crystallize in the next few months." Cusick expects the company's revenue to stabilize and notes the stock is down 11% this year. The analyst is positive on the 5% dividend yield and "free 5G optionality."
05/11/18
05/11/18
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. Verizon (VZ) upgraded to Overweight from Neutral at JPMorgan with analyst Philip Cusick saying after a meeting with CEO Lowell McAdam, he has a better understanding that Verizon's "organic approach to wireless has the company on an increasingly stable footing." 2. Mosaic (MOS) upgraded to Outperform from Sector Perform at RBC Capital with analyst Andrew Wong saying that it is "hard to ignore the improving undercurrents in both phosphate and potash markets." 3. Ultragenyx (RARE) upgraded to Overweight from Equal Weight at Barclays with analyst Gena Wang saying she thinks a higher price target for Crysvita could drive upside to revenue growth expectations. 4. U.S. Bancorp (USB) upgraded to Buy from Neutral at Citi with analyst Keith Horowitz saying now is an opportune time to build positions in the stock after three years of significant underperformance. 5. AMC Networks (AMCX) upgraded to Buy from Hold at Gabelli with the firm saying it remains an excelling company with opportunities to leverage its recent programming momentum into increased advertising and affiliate fees. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/18
JEFF
06/07/18
INITIATION
JEFF
Hold
Verizon assumed with a Hold at Jefferies
Jefferies analyst John Janedis assumed coverage of Verizon Communications with a Hold rating and lowered his firm's price target to $52 from $57. The analyst thinks the stock would be more attractive at "modestly lower levels."
GS Goldman Sachs
$233.92

1.3 (0.56%)

04/18/18
BMOC
04/18/18
NO CHANGE
Target $245
BMOC
Market Perform
Goldman Sachs price target raised to $245 from $221 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Goldman Sachs (GS) to $245 after the company's Q1 revenue beat, saying it is "back to stealing market share in its core business" as its FICC - fixed income, currencies, and commodities - trading rose 23% vs. a 4% decline for peers. The analyst adds that while Goldman Sachs will continue to experience positive operating leverage, its valuation relative to Morgan Stanley (MS) cannot be justified, favoring the latter based on its greater exposure to higher-multiple asset management businesses. Fotheringham keeps his Market Perform rating on Goldman Sachs.
04/18/18
ARGS
04/18/18
NO CHANGE
ARGS
Hold
Goldman Sachs earnings inherently 'volatile', says Argus
Argus analyst Stephen Biggar keeps his Hold rating on Goldman Sachs after its Q1 earnings beat, saying the company's as "strength in underwriting, equities trading and securities lending offset weaker financial advisory revenue". Biggar further notes that as a "capital markets pure play", Goldman Sachs has move volatile earnings than other large global banks and is more dependent on client activity. The analyst further cites Q1 outperformance as a result of a "ripe environment" for Goldman's business mix, but does not expect market volatility to continue.
04/18/18
FBCO
04/18/18
NO CHANGE
Target $280
FBCO
Neutral
Goldman Sachs price target raised to $280 from $274 at Credit Suisse
Credit Suisse analyst Susan Roth Katzke raised her price target for Goldman Sachs to $280 from $274 following quarterly results. The analyst reiterates a Neutral rating on the shares.
04/18/18
OPCO
04/18/18
NO CHANGE
Target $308
OPCO
Outperform
Goldman Sachs price target raised to $308 from $280 at Oppenheimer
Oppenheimer analyst Chris Kotowski raised his price target for Goldman Sachs to $308 from $280 after the company posted a "strong" rebound from last year's dismal quarter and posted a significant upside surprise. The analyst reiterates an Outperform rating on the shares.
MSFT Microsoft
$100.90

-0.41 (-0.40%)

06/13/18
UBSW
06/13/18
NO CHANGE
Target $114
UBSW
Buy
Microsoft trading at discount to peers, says UBS
UBS analyst Jennifer Swanson Lowe believes Microsoft's current price undervalues both the emerging Cloud story and the durable on-premise legacy businesses. The analyst said Microsoft content is taking center stage as it acquired four game studios and formed a fifth. She also believes the strength of the Azure platform can be a differentiator for the company. Lowe reiterated her Buy rating and $114 price target on Microsoft shares.
06/12/18
MSCO
06/12/18
NO CHANGE
Target $130
MSCO
Overweight
Microsoft gaming model moving 'from Gillette to Netflix,' says Morgan Stanley
Morgan Stanley analyst Keith Weiss said announcements from E3 and his meeting with Executive VP of Gaming at Microsoft (MSFT), Phil Spencer, supported his view that the company's gaming division is "moving from Gillette to Netflix," meaning that its model is being transformed from a "razor/razor blade model" built on the Xbox console base towards a subscription gaming service streaming from Azure to all types of devices. Adding five new development studios to buttress Microsoft's first-party content particularly supported this view, said Weiss, who keeps an Overweight rating and $130 price target on Microsoft shares.
06/11/18
BERN
06/11/18
NO CHANGE
Target $123
BERN
Outperform
Microsoft kicks game up a notch, says Bernstein
Bernstein analyst Mark Moerdler notes that Microsoft is, "not surprisingly," increasing its investments in gaming by adding 5 new creative teams to Microsoft Studios, launching a brand-new gaming Studio - The Initiative, acquiring Playground Games, and announcing letters of intent to acquire Ninja Theory, Undead Labs and Compulsion Games. Microsoft is making numerous small acquisitions and launching significant new game development capability, he points out, adding that it is unlikely that Microsoft will make any large content creation acquisition after these announcements. The analyst reiterates an Outperform rating and $123 price target on the shares.
06/06/18
ARGS
06/06/18
NO CHANGE
Target $116
ARGS
Buy
Microsoft price target raised to $116 from $107 at Argus
Argus analyst Joseph Bonner maintained a Buy rating on Focus List choice Microsoft and raised his price target by $9 to $116 following the company's plans to acquire GitHub for $7.5B in stock, the second-largest acquisition in Microsoft's history. In a research note to investors, Bonner says the purchase is the biggest sign yet of the monumental shift in Microsoft's strategy and orientation under Satya Nadella, its CEO, and that Nadella has sought to shift the company to an open-source ethos that dovetails with its Azure cloud services business rather than seeking to protect Windows software at any cost. Bonner maintained his FY18 EPS forecast of $3.84 and FY19 forecast of $3.92.

TODAY'S FREE FLY STORIES

CAKE

Cheesecake Factory

$59.87

2.13 (3.69%)

07:28
06/22/18
06/22
07:28
06/22/18
07:28
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Cheesecake Factory rating change  »

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WSC

Williams Scotsman

$12.10

-0.3 (-2.42%)

07:26
06/22/18
06/22
07:26
06/22/18
07:26
Conference/Events
Williams Scotsman to host conference call »

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  • 22

    Jun

SLNO

Soleno Therapeutics

$2.34

-0.02 (-0.85%)

07:26
06/22/18
06/22
07:26
06/22/18
07:26
Initiation
Soleno Therapeutics initiated  »

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TTD

Trade Desk

$91.53

-1.84 (-1.97%)

07:26
06/22/18
06/22
07:26
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07:26
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Trade Desk analyst commentary  »

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HRTX

Heron Therapeutics

$40.00

9.3 (30.29%)

07:25
06/22/18
06/22
07:25
06/22/18
07:25
Recommendations
Heron Therapeutics analyst commentary  »

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  • 26

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KLAC

KLA-Tencor

$110.31

0.54 (0.49%)

07:24
06/22/18
06/22
07:24
06/22/18
07:24
Downgrade
KLA-Tencor rating change  »

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03/06/13
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03/06/13
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RHT

Red Hat

$165.62

-3.64 (-2.15%)

07:24
06/22/18
06/22
07:24
06/22/18
07:24
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Red Hat analyst commentary  »

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  • 25

    Jun

CSCO

Cisco

$43.17

-0.58 (-1.33%)

07:24
06/22/18
06/22
07:24
06/22/18
07:24
Recommendations
Cisco analyst commentary  »

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  • 10

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TNDM

TNDM

, DXCM

DexCom

$99.72

-0.88 (-0.87%)

07:23
06/22/18
06/22
07:23
06/22/18
07:23
Recommendations
TNDM, DexCom analyst commentary  »

Tandem Diabetes'…

TNDM

TNDM

DXCM

DexCom

$99.72

-0.88 (-0.87%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 22

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DRI

Darden

$107.07

13.8 (14.80%)

07:22
06/22/18
06/22
07:22
06/22/18
07:22
Recommendations
Darden analyst commentary  »

Darden price target…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 10

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    Jul

VSLR

Vivint Solar

$5.00

-0.05 (-0.99%)

07:20
06/22/18
06/22
07:20
06/22/18
07:20
Upgrade
Vivint Solar rating change  »

Vivint Solar upgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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ES

Eversource

$55.70

-0.1 (-0.18%)

, CTWS

Connecticut Water

$66.53

0.28 (0.42%)

07:20
06/22/18
06/22
07:20
06/22/18
07:20
Upgrade
Eversource, Connecticut Water rating change  »

Eversource upgraded to…

ES

Eversource

$55.70

-0.1 (-0.18%)

CTWS

Connecticut Water

$66.53

0.28 (0.42%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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AVAV

AeroVironment

$59.24

-0.55 (-0.92%)

07:20
06/22/18
06/22
07:20
06/22/18
07:20
Conference/Events
AeroVironment to host analyst and investor meeting »

Analyst and Investor…

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  • 26

    Jun

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CIT

CIT Group

$50.87

-0.42 (-0.82%)

, GS

Goldman Sachs

$227.03

-0.77 (-0.34%)

07:18
06/22/18
06/22
07:18
06/22/18
07:18
Recommendations
CIT Group, Goldman Sachs analyst commentary  »

CIT a 'clear…

CIT

CIT Group

$50.87

-0.42 (-0.82%)

GS

Goldman Sachs

$227.03

-0.77 (-0.34%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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GM

General Motors

$41.13

-0.85 (-2.03%)

07:17
06/22/18
06/22
07:17
06/22/18
07:17
Periodicals
GM to build Chevrolet Blazer in Mexico, Reuters reports »

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DPLO

Diplomat Pharmacy

$27.64

0.035 (0.13%)

07:16
06/22/18
06/22
07:16
06/22/18
07:16
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Diplomat Pharmacy analyst commentary  »

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07:15
06/22/18
06/22
07:15
06/22/18
07:15
General news
Treasury Market Outlook: Treasury yields have edged up »

Treasury Market Outlook:…

AAP

Advance Auto Parts

$139.50

0.43 (0.31%)

07:14
06/22/18
06/22
07:14
06/22/18
07:14
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Advance Auto Parts analyst commentary  »

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CMG

Chipotle

$462.87

-2.66 (-0.57%)

07:13
06/22/18
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07:13
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Chipotle analyst commentary  »

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  • 10

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ENLAY

Enel

$0.00

(0.00%)

07:13
06/22/18
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07:13
Upgrade
Enel rating change  »

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EDRVF

EDP Renovaveis

$0.00

(0.00%)

07:11
06/22/18
06/22
07:11
06/22/18
07:11
Downgrade
EDP Renovaveis rating change  »

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BB

BlackBerry

$11.69

-0.215 (-1.81%)

07:11
06/22/18
06/22
07:11
06/22/18
07:11
Hot Stocks
BlackBerry enters partnership, license agreement with Bullitt Group »

BlackBerry (BB) announced…

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  • 22

    Jun

VG

Vonage

$12.12

-0.325 (-2.61%)

07:11
06/22/18
06/22
07:11
06/22/18
07:11
Conference/Events
Vonage management to meet with William Blair »

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  • 26

    Jun

INTC

Intel

$52.19

-1.27 (-2.38%)

07:10
06/22/18
06/22
07:10
06/22/18
07:10
Recommendations
Intel analyst commentary  »

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GDS

GDS Holdings

$42.96

-0.41 (-0.95%)

, CONE

CyrusOne

$58.07

0.48 (0.83%)

07:10
06/22/18
06/22
07:10
06/22/18
07:10
Hot Stocks
GDS Holdings appointed CyrusOne CEO Gary Wojtaszek to board of directors »

GDS Holdings (GDS)…

GDS

GDS Holdings

$42.96

-0.41 (-0.95%)

CONE

CyrusOne

$58.07

0.48 (0.83%)

03/08/13
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