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VZ

Verizon

$51.34

0.59 (1.16%)

17:02
07/10/18
07/10
17:02
07/10/18
17:02

Verizon initiated with an Outperform at Credit Suisse

As reported earlier, Credit Suisse analyst Douglas Mitchelson initiated Verizon with an Outperform rating and a price target of $58. The analyst notes that wireless competition has likely stabilized and revenue is returning to sustainable near-term growth. Mitchelson also sees Verizon having invested sufficiently for the development of 5G technology, which "at a minimum" will not be a share loss event over the next few years. The analyst further states that Verizon should also benefit from its "major $10B cost savings plan, stable capex spending, record low churn, and the benefit of tax reform".

  • 10

    Jul

VZ Verizon
$51.34

0.59 (1.16%)

06/21/18
GSCO
06/21/18
UPGRADE
GSCO
Buy
Goldman upgrades both Charter and Verizon to Buy from Neutral
Goldman Sachs analyst Brett Feldman upgraded both Charter Communications (CHTR) and Verizon Communications (VZ) to Buy from Neutral. The analyst raised his price target for Charter to $361 from $315 and for Verizon to $56 from $51. The year-to-date underperformance of the shares reflect concerns about fundamental headwinds, merger uncertainty and rising interest rates, Feldman tells investors in a research note partially titled "The pipes are not broken." The analyst, however, continues to believe both Charter and Verizon are positioned as long-term leaders in broadband and 5G. Both operators can drive attractive long-term shareholder returns by sustaining their core focus on connectivity, Feldman contends. He views the valuation of both companies as attractive at current share levels.
06/21/18
RHCO
06/21/18
NO CHANGE
Target $58
RHCO
Buy
Verizon fundamentals have stabilized, says SunTrust
SunTrust analyst Greg Miller kept his Buy rating and $58 price target on Verizon after his meetings with its management, saying he is increasingly confident that there won't be another large-scale M&A event as has been the case with its many peers and that its fundamentals have also stabilized. Miller also maintains his view that the stock valuation offers downside protection while the benefits of U.S. tax reform remain "largely underappreciated".
06/21/18
06/21/18
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. PayPal (PYPL) upgraded to Overweight from Neutral at Atlantic Equities with analyst Kunaal Malde saying he believes the company's differentiated checkout experience should enable the company to continue taking share. 2. Verizon (VZ) and Charter (CHTR) were upgraded to Buy from Neutral at Goldman Sachs. 3. Terex (TEX) upgraded to Buy from Hold at Jefferies with analyst Stephen Volkmann saying Terex has underperformed both the S&P 500 Index and machinery peers year-to-date despite improving backlog and visibility into 2019. 4. AMC Entertainment (AMC) upgraded to Buy from Hold at Benchmark with analyst Mike Hickey saying he believes the company's new movie subscription service will succeed in driving incremental attendance and EBITDA. 5. Becton Dickinson (BDX) upgraded to Overweight from Neutral at JPMorgan with analyst Robbie Marcus saying he sees a "clear path" for Becton to exceed expectations for the second half of 2018 and fiscal 2019 now that the Bard acquisition is two quarters in. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/18
FBCO
07/10/18
INITIATION
Target $58
FBCO
Outperform
Verizon initiated with an Outperform at Credit Suisse
Credit Suisse analyst Doug Mitchelson initiated Verizon with an Outperform and $58 price target.

TODAY'S FREE FLY STORIES

IBB

iShares Nasdaq Biotechnology Index

$118.23

-0.14 (-0.12%)

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iShares Nasdaq Biotechnology Index: Pivot points »

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LABD

Daily S&P Biotech Bear 3x Shares

$22.08

0.1 (0.45%)

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Daily S&P Biotech Bear 3x Shares: Pivot points »

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NTGN

Neon Therapeutics

$11.11

0.11 (1.00%)

07:46
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Initiation
Neon Therapeutics initiated  »

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NUVA

NuVasive

$53.64

-0.35 (-0.65%)

07:46
07/23/18
07/23
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07:46
Conference/Events
NuVasive management to meet with BTIG »

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CPTA

Capitala Finance

$8.65

0.0183 (0.21%)

07:46
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07:46
Hot Stocks
Capitala Group leads $27.3M investment in Optio RX »

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  • 03

    Aug

NTGN

Neon Therapeutics

07:46
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07/23
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Initiation
Neon Therapeutics initiated  »

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EWH

MSCI Hong Kong Index

$24.40

0.245 (1.01%)

07:46
07/23/18
07/23
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07/23/18
07:46
Recommendations
MSCI Hong Kong Index analyst commentary  »

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EWG

iShares MSCI Germany

$30.77

-0.075 (-0.24%)

07:46
07/23/18
07/23
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07/23/18
07:46
Technical Analysis
iShares MSCI Germany: Pivot points »

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FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

07:45
07/23/18
07/23
07:45
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07:45
Periodicals
Fiat Chrysler's Europe chief Alfredo Altavilla resigns, Bloomberg reports »

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IJR

iShares Core S&P Small Cap ETF

$86.72

-0.31 (-0.36%)

07:44
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07/23
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07:44
Technical Analysis
iShares Core S&P Small Cap ETF: Pivot points »

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EEM

MSCI Emerging Markets Index

$43.97

0.64 (1.48%)

07:44
07/23/18
07/23
07:44
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07:44
Technical Analysis
MSCI Emerging Markets Index: Pivot points »

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BWA

BorgWarner

$44.37

-0.66 (-1.47%)

07:44
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07/23
07:44
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07:44
Recommendations
BorgWarner analyst commentary  »

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  • 26

    Jul

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    Sep

MPWR

Monolithic Power

$140.71

-1.05 (-0.74%)

07:44
07/23/18
07/23
07:44
07/23/18
07:44
Conference/Events
Monolithic Power management to meet with Oppenheimer »

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LITE

Lumentum

$54.35

-5.05 (-8.50%)

, AAPL

Apple

$191.29

-0.66 (-0.34%)

07:43
07/23/18
07/23
07:43
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07:43
Recommendations
Lumentum, Apple analyst commentary  »

Lumentum price target…

LITE

Lumentum

$54.35

-5.05 (-8.50%)

AAPL

Apple

$191.29

-0.66 (-0.34%)

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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  • 31

    Jul

EWW

iShares MSCI Mexico

$50.47

0.37 (0.74%)

07:43
07/23/18
07/23
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Technical Analysis
iShares MSCI Mexico: Pivot points »

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AMRX

Amneal Pharmaceuticals

$18.52

0.03 (0.16%)

07:43
07/23/18
07/23
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07:43
Initiation
Amneal Pharmaceuticals initiated  »

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  • 09

    Aug

LAZ

Lazard

$50.83

-0.09 (-0.18%)

07:43
07/23/18
07/23
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07:43
Conference/Events
Lazard management to meet with Sandler O'Neill »

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  • 26

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UUP

PowerShares DB US Dollar Index Up

$24.95

-0.21 (-0.83%)

07:43
07/23/18
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Technical Analysis
PowerShares DB US Dollar Index Up: Pivot points »

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CMI

Cummins

$135.81

-1.93 (-1.40%)

07:42
07/23/18
07/23
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07:42
Recommendations
Cummins analyst commentary  »

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UDN

PowerShares DB US Dollar Index Down

$21.49

(0.00%)

07:42
07/23/18
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07:42
Technical Analysis
PowerShares DB US Dollar Index Down: Pivot points »

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BIIB

Biogen

$358.72

0.55 (0.15%)

07:42
07/23/18
07/23
07:42
07/23/18
07:42
Conference/Events
Biogen management to meet with Piper Jaffray »

Meetings to be held in…

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07:41
07/23/18
07/23
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07:41
General news
Futures weak amid Iran tension »

Stock futures are…

IMAX

Imax

$22.70

-0.15 (-0.66%)

07:41
07/23/18
07/23
07:41
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07:41
Conference/Events
Imax management to meet with B. Riley FBR »

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03/08/13
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  • 25

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    Sep

FB

Facebook

$209.95

1.87 (0.90%)

07:39
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Facebook analyst commentary  »

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  • 25

    Jul

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    Sep

SALT

Scorpio Bulkers

$7.20

0.05 (0.70%)

07:39
07/23/18
07/23
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07:39
Earnings
Scorpio Bulkers reports Q2 EPS 1c, consensus 3c »

Reports Q revenue $60.6M,…

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  • 23

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