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T

AT&T

$32.46

0.295 (0.92%)

16:06
07/10/18
07/10
16:06
07/10/18
16:06

AT&T initiated with an Underperform at Credit Suisse

Credit Suisse initiated AT&T an Underperform and $29 price target.

  • 24

    Jul

T AT&T
$32.46

0.295 (0.92%)

06/19/18
06/19/18
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. Mattel (MAT) downgraded to Neutral from Buy at UBS with analyst Arpine Kocharyan citing the stock's recent 35% appreciation with little change in fundamentals. 2. F5 Networks (FFIV) downgraded to Neutral from Buy at Citi with analyst Jim Suva saying with the stock up 38% year-to-date, the company's price-to-earnings valuation multiple has increased from 14.8 times at the start of the year to 17.8 times. 3. Dr Pepper Snapple (DPS) downgraded to Hold from Buy at Stifel with analyst Mark Swartzberg saying the more he learns about Keurig Green Mountain, the more he is convinced it has "limited capacity for operating income growth." 4. Red Hat (RHT) downgraded to Market Perform from Outperform at Raymond James with analyst Michael Turits saying shares are at peak valuation and the company is facing a difficult NTM growth outlook. 5. AT&T (T) downgraded to a Neutral after resuming coverage from Overweight at JPMorgan with analyst Philip Cusick saying he believes reversal of the Time Warner acquisition by the Department of Justice is "very unlikely" and would not be surprised to see AT&T shares "rebound fairly quickly after a period of deal-related flowback." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/21/18
PIVT
06/21/18
NO CHANGE
Target $500
PIVT
Netflix price target raised to $500 from $420 at Pivotal Research
Pivotal Research analyst Jeffrey Wlodarczak raised his price target for Netflix to $500 from $420 and keeps a Buy rating on the shares. The streaming service closed yesterday up 3%, or $11.78, to $416.76. The analyst's new price target reflects a move to fiscal 2019 estimates from fiscal 2018 as well as modestly higher long-term international average revenue per user expectations. He expects Netflix to post "yet another solid result" in the seasonally weaker Q2 driven by content launches, "aggressive" increases in marketing spend and the "natural momentum of the business." Further, Wlodarczak views the close of AT&T's (T) Time Warner acquisition as a potential "nice positive" for Netflix. The streaming service should be able to pick up Time Warner talent and is likely to benefit from "global competitor" HBO weakening as AT&T is likely to find it "very difficult to mash together two extremely disparate operating cultures," Wlodarczak tells investors in a research note titled "The Albanian Army Continues to Take Over the World; Raising Target to $500." He believes Netflix continues to offer a "compelling" long-term investment thesis.
06/26/18
CHLM
06/26/18
NO CHANGE
Target $4
CHLM
Buy
Rubicon Project to benefit from AT&T acquisition of AppNexus, says Craig-Hallum
Craig-Hallum analyst Jason Kreyer notes that AT&T (T) announced the acquisition of AppNexus, a deal rumored to be valued at $1.6B. The analyst sees this deal having a ripple effect through the ad tech landscape, particularly as it relates to the publisher's end of the spectrum. In his view, Rubicon Project (RUBI) stands to benefit substantially by the removal of an aggressive competitor, with thousands of publishers and hundreds of millions of advertising spend likely searching for a new home. Further, Kreyer now sees the integration of AppNexus under the AT&T umbrella as the number one growth catalyst for Rubicon over the next 12-18 months as a substantial volume of ad impressions likely search for a new home. He reiterates a Buy rating and $4 price target on Rubicon's shares.
06/27/18
MSCO
06/27/18
UPGRADE
Target $37
MSCO
Overweight
AT&T resumed at Overweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Simon Flannery resumed coverage of AT&T with an Overweight rating and $37 price target. The firm had previously had an Equal Weight rating on the stock prior to moving to restricted in its coverage. He also upgraded his view of the Telecom Services industry to In-Line from Cautious, stating that while he maintains some of his longer term concerns around the sector and the stock, he believes that over the next 12 months, the path of least resistance for AT&T's stock is to trade higher given that it is currently trading "well below" historical valuation levels.

TODAY'S FREE FLY STORIES

TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$38.00

-0.85 (-2.19%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:54
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  • 16

    Jul

SVXY

ProShares Short VIX Short-Term Futures

$13.79

0.08 (0.58%)

06:54
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TROX

Tronox

$19.31

-0.28 (-1.43%)

, VNTR

Venator Materials

$16.76

0.07 (0.42%)

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Tronox, Venator Materials agree to divest 8120 paper-laminate product grade »

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Tronox

$19.31

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VNTR

Venator Materials

$16.76

0.07 (0.42%)

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  • 31

    Jul

  • 08

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XERS

Xeris Pharmaceuticals

$18.26

-0.18 (-0.98%)

06:53
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07/16
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06:53
Initiation
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INST

Instructure

$44.93

-0.225 (-0.50%)

06:53
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07/16
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06:53
Initiation
Instructure initiated  »

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  • 18

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  • 30

    Jul

BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:53
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Bank of America CEO says solid operating leverage drove earnings in Q2 »

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  • 16

    Jul

USO

United States Oil Fund

$14.47

0.085 (0.59%)

06:53
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06:53
Technical Analysis
United States Oil Fund: Pivot points, pivot low broken »

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IIIV

i3 Verticals

$16.73

-0.025 (-0.15%)

06:52
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07/16
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Initiation
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KRYS

Krystal Biotech

$17.14

0.08 (0.47%)

06:52
07/16/18
07/16
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06:52
Conference/Events
Krystal Biotech management to meet with Oppenheimer »

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  • 18

    Jul

  • 25

    Jul

XOP

SPDR Oil Exploration and Production Fund

$43.19

0.06 (0.14%)

06:52
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SPDR Oil Exploration and Production Fund: Pivot points »

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:51
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07/16
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Bank of America reports Q2 average loan balances in business segments up 5% »

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  • 16

    Jul

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$26.43

0.89 (3.48%)

06:51
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NBIX

Neurocrine

$102.95

0.17 (0.17%)

, TEVA

Teva

$23.29

-0.45 (-1.90%)

06:51
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07/16
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06:51
Recommendations
Neurocrine, Teva analyst commentary  »

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Neurocrine

$102.95

0.17 (0.17%)

TEVA

Teva

$23.29

-0.45 (-1.90%)

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  • 31

    Jul

  • 10

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  • 16

    Sep

UGAZ

VelocityShares 3x Long Natural Gas ETN

$54.61

-2.06 (-3.64%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:50
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Bank of America reports Q2 NII up 6% to $11.7B »

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  • 16

    Jul

ERJ

Embraer

$21.50

-0.78 (-3.50%)

06:49
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07/16
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06:49
Periodicals
Embraer sees demand for 10,550 smaller jets in next 20 years, Reuters reports »

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  • 16

    Jul

EPRT

Essential Properties Realty Trust

$14.00

(0.00%)

06:49
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07/16
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06:49
Initiation
Essential Properties Realty Trust initiated  »

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EWZ

MSCI Brazil Index

$34.05

0.67 (2.01%)

06:49
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VNTR

Venator Materials

$16.76

0.07 (0.42%)

, TROX

Tronox

$19.31

-0.28 (-1.43%)

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Venator Materials to acquire European paper laminates business from Tronox »

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VNTR

Venator Materials

$16.76

0.07 (0.42%)

TROX

Tronox

$19.31

-0.28 (-1.43%)

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  • 31

    Jul

  • 08

    Aug

PSA

Public Storage

$228.07

-1.43 (-0.62%)

06:48
07/16/18
07/16
06:48
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06:48
Downgrade
Public Storage rating change  »

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  • 02

    Aug

EFA

iShares MSCI EAFE Index Fund

$67.80

0.21 (0.31%)

06:48
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BAC

Bank of America

$28.54

-0.24 (-0.83%)

06:48
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Bank of America reports Q2 return on average assets 1.17% »

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  • 16

    Jul

BRO

Brown & Brown

$28.76

0.025 (0.09%)

06:48
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Brown & Brown subsidiary acquires Professional Disability Associates »

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  • 24

    Jul

JNK

SPDR Barclays High Yield Bond

$35.69

(0.00%)

06:48
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Technical Analysis
SPDR Barclays High Yield Bond: Pivot points »

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