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T

AT&T

$32.53

0.31 (0.96%)

, TWX

Acquired by T

$98.91

1.06 (1.08%)

17:07
06/14/18
06/14
17:07
06/14/18
17:07

U.S. won't seek stay delaying AT&T from closing Time Warner deal, Reuters says

AT&T (T) says it could close the merger with Time Warner (TWX) as early as this week, Reuters reports. Reference Link

T

AT&T

$32.53

0.31 (0.96%)

TWX

Acquired by T

$98.91

1.06 (1.08%)

T AT&T
$32.53

0.31 (0.96%)

06/13/18
06/13/18
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. Square (SQ) downgraded to Neutral from Buy at Buckingham with analyst Chris Brendler saying he is taking a "breather" following the year-to-date share outperformance but raised his price target to $65 from $55. 2. Yelp (YELP) downgraded to Sell from Hold at Aegis. 3. AT&T (T) was downgraded to Sell from Neutral at MoffettNathanson while Time Warner (TWX) was downgraded to Neutral from Buy at the firm. Time Warner was also downgraded to Market Perform from Outperform at Barrington. 4. Comcast (CMCSA) downgraded to Market Perform from Outperform at Raymond James. 5. Advaxis (ADXS) downgraded to Hold from Buy at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/13/18
OPCO
06/13/18
UPGRADE
OPCO
Outperform
AT&T upgraded to Outperform from Perform at Oppenheimer
06/13/18
06/13/18
UPGRADE
Target $41

Outperform
AT&T upgraded to Outperform on 'game changing' Time Warner deal at Oppenheimer
As previously reported, Oppenheimer analyst Timothy Horan upgraded AT&T (T) to Outperform from Perform, contending that the company's deal to buy Time Warner (TWX) is a "game-changer" that positions it as a "content powerhouse." The merger should be 15% accretive to free cash flow per share in FY21 based on his "conservative" estimates, Horan added. Horan also noted that historically, after underperforming through the regulatory process, AT&T shares trades up about 25% in the year following a merger. The analyst set a $41 price target on AT&T shares.
06/13/18
LOOP
06/13/18
DOWNGRADE
Target $100
LOOP
Hold
Time Warner downgraded to Hold from Buy at Loop Capital
Loop Capital analyst Alan Gould downgraded Time Warner (TWX) to Hold from Buy and lowered his price target to $100 from $107.50 after the affirmative federal judge ruling on AT&T (T) bid. Gould says he expects the merger to close by June 20th, and also recommends that investors shift their holdings to CBS (CBS), which may be the next attractive acquisition target in the industry.
TWX Acquired by T
$98.91

1.06 (1.08%)

06/13/18
MSCO
06/13/18
NO CHANGE
MSCO
Morgan Stanley says AT&T ruling may help narrow public/private media value gap
Morgan Stanley analyst Benjamin Swinburne said the court approval of AT&T's (T) acquisition of Time Warner (TWX) without conditions recognized the reality of new competition in the form of content investments from players such as Netflix (NFLX), Google's (GOOGL) YouTube, Amazon (AMZN), Apple (AAPL) and Facebook (FB). This ruling sends a "clear message to other industry players" and market uncertainty on deal prospects could fall, which could mean that equity values will likely rise accordingly, Swinburne tells investors. He notes there remains a large gap, which may now narrow, between private market valuations and public multiples in many parts of media and cable, pointing to Discovery Inc. (DISCK) as an example illustrating that point.

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MYE

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TSE

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EFX

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SFIX

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FTSI

FTS International

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-0.41 (-5.28%)

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URBN

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LC

LendingClub

$2.94

-0.04 (-1.34%)

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HP

Helmerich & Payne

$59.22

-1.54 (-2.53%)

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SFIX

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TVTY

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Nutrisystem

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RHHBY

Roche

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General news
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AJG

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BLRX

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THS

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NVO

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NVS

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JNJ

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WFT

Weatherford

$0.46

-0.0579 (-11.21%)

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KNSA

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