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IQ

iQIYI

$39.62

4.89 (14.08%)

, CTRP

Ctrip

$51.24

0.96 (1.91%)

15:53
06/14/18
06/14
15:53
06/14/18
15:53

iQIYI jumps 15% after announcing board changes and AI programming competition

Shares of iQIYI (IQ), an online entertainment service in China are up 14% in afternoon trading after announcing earlier that Jane Jie Sun, the CEO of Ctrip (CTRP), has been appointed as an independent director and a member of the audit committee of the board of directors of the company. Dr. Haifeng Wang, senior vice president of Baidu (BIDU) and general manager of Baidu's AI Group, has been appointed as a director of the Board. Dr. Qi Lu has resigned from the Board and its compensation committee, and Mr. Herman Yu has been appointed as the chairman of the compensation committee. These changes will be effective on June 14. Separately, iQIYI announced the official opening of applications for "Celebrity Video Identification Challenge", an AI programming competition focused on video-based multimodal biometric recognition. The competition is being held in partnership with the Chinese Conference on Pattern Recognition and Computer Vision. Between 200 and 1,000 teams drawn from China's leading institutions in the field of scientific research and some of the world's top universities will vie to make major breakthroughs in the field. Shares of iQIYI are up over 15% in late-day trading.

IQ

iQIYI

$39.62

4.89 (14.08%)

CTRP

Ctrip

$51.24

0.96 (1.91%)

BIDU

Baidu

$270.77

0.74 (0.27%)

  • 10

    Sep

IQ iQIYI
$39.62

4.89 (14.08%)

04/24/18
SBSH
04/24/18
INITIATION
Target $22
SBSH
Buy
iQIYI initiated with a Buy at Citi
Citi started iQIYI with a Buy rating and $22 price target.
04/25/18
BOFA
04/25/18
INITIATION
Target $21
BOFA
Neutral
iQIYI initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Eddie Leung initiated iQIYI with a Neutral and $21 price target due to valuation.
05/08/18
GSCO
05/08/18
INITIATION
Target $23
GSCO
Buy
iQIYI initiated with a Buy at Goldman Sachs
Goldman analyst Piyush Mubayi initiated iQIYI with a Buy and $23 price target.
05/08/18
05/08/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Juniper (JNPR) initiated with a Neutral at Rosenblatt. 2. Nice Systems (NICE) initiated with an Equal Weight at Morgan Stanley. 3. Mersana Therapeutics (MRSN) initiated with an Outperform at Baird. 4. iQIYI (IQ) initiated with a Buy at Goldman Sachs. 5. Cubic (CUB) initiated with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
CTRP Ctrip
$51.24

0.96 (1.91%)

03/15/18
DBAB
03/15/18
NO CHANGE
Target $48
DBAB
Buy
Ctrip guidance outweighs small margin beat, says Deutsche Bank
Deutsche Bank analyst Eileen Deng believes Ctrip's weaker than expected Q1 revenue guidance outweighs the small margin beat in Q4. In a post-earnings research note titled "Dark cloud on unbundling still overhangs," the analyst lowered her price target fro the shares to $48 from $50 and keeps a Hold rating on Ctrip. Deng is "positive on the enhancing one-stop shop solution, yet cautious on short-term headwinds."
05/21/18
05/21/18
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. Snap (SNAP) upgraded to Neutral from Sell at MoffettNathanson. 2. ProsHoldings (PROS) upgraded to Outperform from Market Perform at Northland with analyst Tim Klasell citing last week's annual user conference and analyst meetings. 3. Ctrip (CTRP) upgraded to Buy from Hold at TH Data Capital with analyst Tian Hou saying the company's business has "already stabilized and is on its way to recovery." 4. Sempra Energy (SRE) upgraded to Buy from Hold at Argus with analyst Jacob Kilstein citing anticipated earnings accretion from the recent purchase of a majority stake in Oncor, favorable regulations, and the growing base rate at its California utilities. 5. Dillard's (DDS) upgraded to Buy from Underperform at BofA/Merrill with analyst Heather Balsky saying she expects improved consumer sentiment, especially in the energy market, to support positive comps and drive multiple expansion. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/21/18
THCP
05/21/18
UPGRADE
Target $50
THCP
Buy
Ctrip upgraded to Buy from Hold at TH Data Capital
TH Data Capital analyst Tian Hou upgraded Ctrip to Buy with a $50 price target. The analyst expects a traffic recovery to drive better Q1 results when Ctrip reports tomorrow. The company's business has "already stabilized and is on its way to recovery," Hou tells investors in a pre-earnings research note. He sees Q1 as the likely the bottom for Ctrip, and expects its results to recover in the rest of 2018.
05/18/18
OPCO
05/18/18
NO CHANGE
Target $51
OPCO
Outperform
Oppenheimer says would be long-term buyer of Ctrip.com on weakness
Oppenheimer analyst Jed Kelly maintained an Outperform rating and $51 price target on Ctrip.com ahead of the company's Q1 results, which he expects to be in-line with the Street and provide better visibility into valued-added services cross-selling regulation headwinds. In a research note to investors, Kelly said he believes VAS regulation impacts all travel suppliers, but contends that Ctrip.com is best positioned to eventually emerge with greater market share. Kelly said he would be a long-term buyer on weakness.
BIDU Baidu
$270.77

0.74 (0.27%)

05/18/18
FBCO
05/18/18
DOWNGRADE
FBCO
Neutral
Baidu downgraded to Neutral from Outperform at Credit Suisse
05/11/18
05/11/18
UPGRADE

Market Perform
Baidu upgraded to Market Perform from Underperform at Bernstein
As previously reported, Bernstein analyst Bhavtosh Vajpayee upgraded Baidu to Market Perform from Underperform and raised his price target on shares to $305 from $240, saying "a 20% growth prognosis with an equivalent earnings expansion CAGR deserves more credit than our earlier Underperform rating."
05/11/18
BERN
05/11/18
UPGRADE
BERN
Market Perform
Baidu upgraded to Market Perform from Underperform at Bernstein
06/14/18
BNPP
06/14/18
INITIATION
Target $300
BNPP
Buy
Baidu initiated with a Buy at BNP Paribas
BNP Paribas initiated Baidu with a Buy and $300 price target.

TODAY'S FREE FLY STORIES

RYTM

Rhythm Pharmaceuticals

$26.45

0.21 (0.80%)

22:08
06/20/18
06/20
22:08
06/20/18
22:08
Syndicate
Rhythm Pharmaceuticals 5.732M share Secondary priced at $26.42 »

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  • 25

    Jun

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AMCX

AMC Networks

$67.45

1.28 (1.93%)

22:06
06/20/18
06/20
22:06
06/20/18
22:06
Downgrade
AMC Networks rating change at Bernstein »

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  • 26

    Jun

APTX

Aptinyx

$0.00

(0.00%)

20:45
06/20/18
06/20
20:45
06/20/18
20:45
Syndicate
Aptinyx 6.4M share IPO priced at $16.00 »

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  • 21

    Jun

AVRO

AvroBio

$0.00

(0.00%)

20:44
06/20/18
06/20
20:44
06/20/18
20:44
Syndicate
AvroBio 5.25M share IPO priced at $19.00 »

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  • 21

    Jun

TV

Televisa

$18.25

0.51 (2.87%)

20:43
06/20/18
06/20
20:43
06/20/18
20:43
Downgrade
Televisa rating change at Scotiabank »

Televisa downgraded 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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CX

Cemex

$6.33

0.115 (1.85%)

20:42
06/20/18
06/20
20:42
06/20/18
20:42
Upgrade
Cemex rating change at Santander »

Cemex upgraded to Buy…

03/08/13
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03/08/13
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03/06/13
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PH

Parker-Hannifin

$164.49

0.74 (0.45%)

20:41
06/20/18
06/20
20:41
06/20/18
20:41
Downgrade
Parker-Hannifin rating change at Wells Fargo »

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03/08/13
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KMT

Kennametal

$37.44

1.11 (3.06%)

20:41
06/20/18
06/20
20:41
06/20/18
20:41
Downgrade
Kennametal rating change at Wells Fargo »

Kennametal downgraded to…

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

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SYNT

Syntel

$34.07

0.65 (1.94%)

20:40
06/20/18
06/20
20:40
06/20/18
20:40
Downgrade
Syntel rating change at Wells Fargo »

Syntel downgraded to…

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

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  • 28

    Jun

MGTA

Magenta Therapeutics

$0.00

(0.00%)

20:28
06/20/18
06/20
20:28
06/20/18
20:28
Syndicate
Magenta Therapeutics 6.667M share IPO priced at $15.00 »

The deal priced in the…

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Citigroup
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  • 21

    Jun

XERS

Xeris Pharmaceuticals

$0.00

(0.00%)

20:26
06/20/18
06/20
20:26
06/20/18
20:26
Syndicate
Xeris Pharmaceuticals 5.7M share IPO priced at $15.00 »

The deal size was…

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

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  • 21

    Jun

KR

Kroger

$26.21

0.21 (0.81%)

, DRI

Darden

$93.27

-1.34 (-1.42%)

20:25
06/20/18
06/20
20:25
06/20/18
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

KR

Kroger

$26.21

0.21 (0.81%)

DRI

Darden

$93.27

-1.34 (-1.42%)

CMC

Commercial Metals

$23.67

0.44 (1.89%)

PDCO

Patterson Companies

$22.54

0.07 (0.31%)

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

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  • 21

    Jun

  • 21

    Jun

  • 21

    Jun

  • 28

    Jun

  • 10

    Jul

IIIV

i3 Verticals

$0.00

(0.00%)

20:24
06/20/18
06/20
20:24
06/20/18
20:24
Syndicate
i3 Verticals 6.65M share IPO priced at $13.00 »

The deal priced at the…

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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  • 21

    Jun

KZR

Kezar Life Sciences

$0.00

(0.00%)

20:23
06/20/18
06/20
20:23
06/20/18
20:23
Syndicate
Kezar Life Sciences 5M share IPO priced at $15.00 »

The deal size was…

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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  • 21

    Jun

LPL

LG Display

$8.91

-0.015 (-0.17%)

20:08
06/20/18
06/20
20:08
06/20/18
20:08
Periodicals
LG Display discussing early retirement options for workers, Bloomberg reports »

LG Display is considering…

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EGO

Eldorado Gold

$1.13

-0.02 (-1.75%)

20:05
06/20/18
06/20
20:05
06/20/18
20:05
Hot Stocks
Eldorado Gold provides update on Lamaque exploration and development »

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SPX

S&P 500

$0.00

(0.00%)

, RSX

Market Vectors Russia ETF

$20.52

0.22 (1.08%)

19:43
06/20/18
06/20
19:43
06/20/18
19:43
Periodicals
Trump planning to meet with Russia's Putin in Europe next month, Bloomberg says »

Donald Trump and…

SPX

S&P 500

$0.00

(0.00%)

RSX

Market Vectors Russia ETF

$20.52

0.22 (1.08%)

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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CEO

CNOOC

$163.48

2.345 (1.46%)

19:29
06/20/18
06/20
19:29
06/20/18
19:29
Periodicals
CNOOC to proceed with expansion in Canada's oil sands, Reuters reports »

CNOOC's Nexen Energy…

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TM

Toyota

$134.34

-1.815 (-1.33%)

19:14
06/20/18
06/20
19:14
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19:14
Periodicals
Toyota to reduce marketing costs to fund new research, Reuters reports »

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FB

Facebook

$202.08

4.62 (2.34%)

, GOOG

Alphabet

$1,169.38

1.52 (0.13%)

19:06
06/20/18
06/20
19:06
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19:06
Periodicals
FTC chair wants to explore market power of big internet firms, Reuters says »

New U.S. Federal Trade…

FB

Facebook

$202.08

4.62 (2.34%)

GOOG

Alphabet

$1,169.38

1.52 (0.13%)

GOOGL

Alphabet Class A

$1,183.83

5.54 (0.47%)

03/08/13
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03/08/13
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03/06/13
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  • 28

    Oct

RYAAY

Ryanair

$117.11

3.54 (3.12%)

19:01
06/20/18
06/20
19:01
06/20/18
19:01
Periodicals
IAG, Ryanair preparing EU legal challenge over air traffic strikes, FT reports »

IAG and Ryanair are…

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BNED

Barnes & Noble Education

$6.78

0.3 (4.63%)

, MU

Micron

$58.97

-0.26 (-0.44%)

19:00
06/20/18
06/20
19:00
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Hot Stocks
On The Fly: After Hours Movers »

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BNED

Barnes & Noble Education

$6.78

0.3 (4.63%)

MU

Micron

$58.97

-0.26 (-0.44%)

SCS

Steelcase

$15.55

0.2 (1.30%)

LITE

Lumentum

$56.45

0.8 (1.44%)

HPQ

HP Inc.

$23.31

-0.215 (-0.91%)

THO

Thor Industries

$104.81

6.5 (6.61%)

GLW

Corning

$28.40

0.015 (0.05%)

AOBC

American Outdoor Brands

$13.22

0.13 (0.99%)

LMNR

Limoneira

$26.65

0.63 (2.42%)

VERI

Veritone

$21.52

-0.64 (-2.89%)

TRUP

Trupanion

$41.07

0.8 (1.99%)

ARRS

Arris

$25.51

0.015 (0.06%)

WIX

Wix.com

$107.70

1.15 (1.08%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 20

    Jun

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    Jun

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  • 09

    Jul

  • 10

    Jul

  • 11

    Jul

  • 12

    Jul

  • 21

    Jun

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    Jun

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    Jun

DIS

Disney

$107.28

1.08 (1.02%)

18:55
06/20/18
06/20
18:55
06/20/18
18:55
Periodicals
Disney puts future 'Star Wars' spinoffs on hold, Collider reports »

Disney's Lucasfilm…

03/08/13
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  • 20

    Jun

SPY

SPDR S&P 500 ETF Trust

$276.00

0.52 (0.19%)

, SPX

S&P 500

$0.00

(0.00%)

18:54
06/20/18
06/20
18:54
06/20/18
18:54
Periodicals
Trump sees U.S. quarterly GDP going much higher, Bloomberg reports »

Says the head of U.S.…

SPY

SPDR S&P 500 ETF Trust

$276.00

0.52 (0.19%)

SPX

S&P 500

$0.00

(0.00%)

X

U.S. Steel

$35.72

0.56 (1.59%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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GOOG

Alphabet

$1,169.38

1.52 (0.13%)

, GOOGL

Alphabet Class A

$1,183.83

5.54 (0.47%)

18:51
06/20/18
06/20
18:51
06/20/18
18:51
Hot Stocks
Senators Cotton, Rubio urge Google to reconsider work with Huawei »

Senator Tom Cotton along…

GOOG

Alphabet

$1,169.38

1.52 (0.13%)

GOOGL

Alphabet Class A

$1,183.83

5.54 (0.47%)

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

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  • 28

    Oct

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