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AMT

American Tower

$142.19

-3.58 (-2.46%)

, SBAC

SBA Communications

$163.07

-2.32 (-1.40%)

06:47
07/10/18
07/10
06:47
07/10/18
06:47

JPMorgan downgrades American Tower to Neutral following share rebound

JPMorgan analyst Philip Cusick downgraded American Tower (AMT) to Neutral from Overweight and lowered his price target for the shares to $160 from $170. The analyst cites the recent rebound in the shares and a "somewhat slower ramp" to domestic carrier spending this year than he had expected for the downgrade. Another guidance increase unlikely, Cusick tells investors in a research note. He finds the stock "fully valued in the medium term" when factoring in domestic and India wireless mergers as well as currency weakness. Cusick continues to recommend SBA Communications (SBAC) as his favorite tower name.

AMT

American Tower

$142.19

-3.58 (-2.46%)

SBAC

SBA Communications

$163.07

-2.32 (-1.40%)

  • 30

    Jul

  • 31

    Jul

AMT American Tower
$142.19

-3.58 (-2.46%)

04/30/18
MSCO
04/30/18
NO CHANGE
MSCO
Morgan Stanley discusses T-Mobile deal implications for competitors, towers
After T-Mobile (TMUS) and Sprint (S) announced a merger agreement, Morgan Stanley analyst Simon Flannery said that while the $43B in estimated synergies is "impressive," the key question is how likely is it that the companies can gain regulatory approval. On competition, he thinks the deal may contribute to a more benign competitive environment in the near-term and that AT&T (T) and Verizon (VZ) could benefit from market consolidation, though he adds that the new T-Mobile would be a formidable competitor in new areas such as 5G and fixed broadband. Flannery added that the deal will be an overhang on tower and fiber providers, noting that part of their $4B in annual network synergies involves a reduction in tower counts from 110,000 to 85,000 over time. However, the analyst said he would expect much more gear to be deployed on each tower and small cells will still expand to 50,000 from 10,000. Tower operators include American Tower (AMT), Crown Castle (CCI) and SBA Communications (SBAC), which are all lower in pre-market trading.
07/03/18
WELS
07/03/18
NO CHANGE
Target $158
WELS
Outperform
American Tower price target raised to $158 from $150 at Wells Fargo
Wells Fargo analyst Jennifer Fritzsche raised her price target for American Tower to $158 from $150 given robust U.S. spending outlook. The analyst reiterates an Outperform rating on the shares.
07/09/18
RAJA
07/09/18
DOWNGRADE
RAJA
Market Perform
American Tower downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Richard Prentiss downgraded American Tower to Market Perform citing valuation.
07/10/18
JPMS
07/10/18
DOWNGRADE
Target $160
JPMS
Neutral
American Tower downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Philip Cusick downgraded American Tower to Neutral and lowered his price target for the shares to $160 from $170.
SBAC SBA Communications
$163.07

-2.32 (-1.40%)

12/05/17
COWN
12/05/17
NO CHANGE
Target $170
COWN
Outperform
SBA Communications price target raised to $170 from $155 at Cowen
Cowen analyst Colby Synesael raised his price target on SBA Communications (SBAC) to $170 from $155 following meetings with management. The analyst noted its opportunities with Sprint (S) and AT&T (T) along with the small likelihood of M&A. Synesael reiterated his Outperform rating on SBA Communications shares.
04/11/18
JEFF
04/11/18
NO CHANGE
JEFF
T-Mobile, Sprint deal has more hurdles than AT&T, Time Warner, says Jefferies
A horizontal merger between T-Mobile (TMUS) and Sprint (S) poses more significant regulatory hurdles than the contested AT&T (T), Time Warner (TWX) deal does, Jefferies analyst Scott Goldman tells investors in a research note after the Wall Street Journal reported the two companies are again in merger talks. The analyst believes potential regulatory remedies could include meaningful spectrum divestitures. With that said, he thinks the combined company would create "meaningful accretion," with free cash flow per share nearly 30% higher in year three. Using multiple analysis, Goldman thinks T-Mobile shares could be worth more than $88 in a deal scenario. The stock closed yesterday up 3.4% to $63.13. Further, the analyst recommends buying the tower stocks on yesterday's selloff given his view of significant regulatory hurdles for a Sprint, T-Mobile deal. He has Buy ratings on American Tower (AMT), Crown Castle (CCI) and SBA Communications (SBAC).
04/11/18
MSCO
04/11/18
NO CHANGE
MSCO
Morgan Stanley says watch Sprint capex as T-Mobile talks said to restart
After The Wall Street Journal reported that T-Mobile (TMUS) and Sprint (S) have resumed merger talks, Morgan Stanley analyst Simon Flannery noted that Sprint announced plans to accelerate network capex after the merger plans fell apart last time. If Sprint's capex comes in light this quarter and/or next quarter, it may be seen as potentially related to renewed conversations with T-Mobile as it could suggest Sprint has pushed off its investment plans, Flannery tells investors. Noting that Tower stocks sold off following the Journal's report, Flannery pointed out that the companies each disclosed direct overlaps in late 2016 of about 5% on average. Total consolidated combined T-Mobile/Sprint exposure for American Tower (AMT) was about 16%, was about 35% for Crown Castle (CCI) and was about 33% for SBA Communications (SBAC), all as of Q4 of 2017, the analyst stated.

TODAY'S FREE FLY STORIES

GSBC

Great Southern Bancorp

$52.51

0.26 (0.50%)

19:04
10/17/18
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19:04
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19:04
Earnings
Great Southern Bancorp reports preliminary Q3 EPS $1.18, consensus $1.06 »

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HMNY

Helios and Matheson

$0.02

0.001 (5.18%)

18:59
10/17/18
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Periodicals
Breaking Periodicals news story on Helios and Matheson »

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BY

Byline Bancorp

$21.33

0.02 (0.09%)

18:51
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Hot Stocks
Byline Bancorp to acquire Oak Park River Forest Bankshares for $42M »

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  • 26

    Oct

ABB

ABB

$21.37

-0.115 (-0.54%)

18:48
10/17/18
10/17
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18:48
Periodicals
ABB weighs divesting $10B power grid business, Bloomberg reports »

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VEC

Vectrus

$28.98

-0.74 (-2.49%)

18:22
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18:22
Hot Stocks
Vectrus names Kevin Boyle chief legal officer »

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S

Sprint

$6.41

-0.005 (-0.08%)

18:21
10/17/18
10/17
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18:21
Hot Stocks
Sprint extends credits to Florida customers impacted by Hurricane Michael »

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  • 12

    Nov

TALO

Talos Energy

$29.85

-1.49 (-4.75%)

18:05
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18:05
Hot Stocks
Talos Energy reaches pact with Hokchi to cross-assign interests »

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  • 06

    Nov

STLD

Steel Dynamics

$40.55

0.29 (0.72%)

18:05
10/17/18
10/17
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18:05
Hot Stocks
Steel Dynamics CEO says 'delivered a tremendous third quarter performance' »

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  • 18

    Oct

STLD

Steel Dynamics

$40.55

0.29 (0.72%)

18:02
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18:02
Hot Stocks
Steel Dynamics CEO: We believe steel consumption will continue to be strong »

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  • 18

    Oct

STLD

Steel Dynamics

$40.55

0.29 (0.72%)

18:01
10/17/18
10/17
18:01
10/17/18
18:01
Earnings
Steel Dynamics reports Q3 adjusted EPS $1.69, consensus $1.64 »

Reports Q3 revenue $3.2B,…

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  • 18

    Oct

CRTO

Criteo

$23.00

-0.29 (-1.25%)

, RUBI

Rubicon Project

$3.77

-0.06 (-1.57%)

17:44
10/17/18
10/17
17:44
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17:44
Periodicals
Advertising technology firm DataXu exploring sale, WSJ says »

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CRTO

Criteo

$23.00

-0.29 (-1.25%)

RUBI

Rubicon Project

$3.77

-0.06 (-1.57%)

FUEL

Rocket Fuel

$0.00

(0.00%)

GOOG

Alphabet

$1,115.99

-4.12 (-0.37%)

FB

Facebook

$159.46

0.65 (0.41%)

03/08/13
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  • 21

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  • 28

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    Oct

  • 07

    Nov

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    Nov

  • 15

    Nov

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    Nov

  • 03

    Mar

BTU

Peabody Energy

$36.09

-0.31 (-0.85%)

17:37
10/17/18
10/17
17:37
10/17/18
17:37
Hot Stocks
Peabody Energy increases quarterly dividend nearly 4% to 13c per share »

Peabody Energy announced…

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BDN

Brandywine Realty

$14.56

-0.11 (-0.75%)

17:34
10/17/18
10/17
17:34
10/17/18
17:34
Earnings
Brandywine Realty sees FY19 FFO $1.37-$1.47, consensus $1.44 »

Sees FY17 EPS 36c-46c,…

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  • 18

    Oct

BDN

Brandywine Realty

$14.56

-0.11 (-0.75%)

17:33
10/17/18
10/17
17:33
10/17/18
17:33
Earnings
Brandywine Realty narrows FY18 FFO view to $1.36-$1.40 from $1.35-$1.41 »

Consensus for FY18 FFO is…

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  • 18

    Oct

BDN

Brandywine Realty

$14.56

-0.11 (-0.75%)

17:32
10/17/18
10/17
17:32
10/17/18
17:32
Earnings
Brandywine Realty reports Q3 FFO 35c, consensus 35c »

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  • 18

    Oct

BPRN

Bank of Princeton

$30.75

-0.16 (-0.52%)

17:32
10/17/18
10/17
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10/17/18
17:32
Hot Stocks
Bank of Princeton declares initial cash dividend of 3c per share »

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EBAY

eBay

$32.01

-0.25 (-0.77%)

, AMZN

Amazon.com

$1,832.81

14.81 (0.81%)

17:26
10/17/18
10/17
17:26
10/17/18
17:26
Periodicals
eBay sues Amazon, claims sellers were illegally poached, WSJ says »

eBay (EBAY) has filed a…

EBAY

eBay

$32.01

-0.25 (-0.77%)

AMZN

Amazon.com

$1,832.81

14.81 (0.81%)

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  • 17

    Oct

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  • 03

    Mar

OIS

Oil States

$29.77

-0.13 (-0.43%)

17:18
10/17/18
10/17
17:18
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17:18
Earnings
Oil States sees Q3 revenue at low end of $273M-$298M, consensus $288.81M »

Oil States announced…

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INTC

Intel

$45.90

-0.03 (-0.07%)

17:15
10/17/18
10/17
17:15
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17:15
Periodicals
Intel 'shakes up' manufacturing unit amid production missteps, Oregonian says »

Sohail Ahmed, who has…

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  • 22

    Oct

NOC

Northrop Grumman

$309.25

-2.87 (-0.92%)

17:15
10/17/18
10/17
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17:15
Hot Stocks
Northrop Grumman awarded $697.03M Navy contract »

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  • 24

    Oct

  • 30

    Oct

CCK

Crown Holdings

$47.64

-0.25 (-0.52%)

17:14
10/17/18
10/17
17:14
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17:14
Hot Stocks
Crown Holdings CEO says Q3 performance 'solid' »

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  • 18

    Oct

PETQ

PetIQ

$34.46

-1.17 (-3.28%)

17:13
10/17/18
10/17
17:13
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17:13
Hot Stocks
PetIQ announces strategic acquisition of HBH Enterprises »

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CCK

Crown Holdings

$47.64

-0.25 (-0.52%)

17:10
10/17/18
10/17
17:10
10/17/18
17:10
Hot Stocks
Crown Holdings sees FY18 adjusted free cash flow approximately $625M »

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  • 18

    Oct

ZS

Zscaler

$37.95

-1.11 (-2.84%)

17:09
10/17/18
10/17
17:09
10/17/18
17:09
Initiation
Zscaler initiated  »

Zscaler assumed with an…

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  • 17

    Oct

  • 10

    Dec

CCK

Crown Holdings

$47.64

-0.25 (-0.52%)

17:08
10/17/18
10/17
17:08
10/17/18
17:08
Hot Stocks
Breaking Hot Stocks news story on Crown Holdings »

Crown Holdings sees FY18…

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  • 18

    Oct

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