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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

ALTR

Altair

$35.24

1.14 (3.34%)

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ARWR

Arrowhead

$13.86

0.71 (5.40%)

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  • 09

    Nov

UTX

United Technologies

$132.50

2.18 (1.67%)

05:27
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United Technologies analyst commentary  »

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  • 23

    Oct

UTX

United Technologies

$132.50

2.18 (1.67%)

05:25
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  • 23

    Oct

BIIB

Biogen

$338.26

9.52 (2.90%)

05:24
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  • 22

    Oct

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NFLX

Netflix

$346.40

13.29 (3.99%)

05:23
10/17/18
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05:23
Recommendations
Piper says Netflix is back on track, boosts price target to $430 »

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  • 13

    Nov

IQ

iQIYI

$25.91

-0.19 (-0.73%)

, VIA

Viacom

$36.07

1.11 (3.18%)

05:22
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10/17
05:22
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05:22
Hot Stocks
iQIYI signs international distribution agreement with Viacom »

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IQ

iQIYI

$25.91

-0.19 (-0.73%)

VIA

Viacom

$36.07

1.11 (3.18%)

VIAB

Viacom

$32.83

1.05 (3.30%)

03/08/13
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CTRP

Ctrip

$34.48

-1.69 (-4.67%)

, AFLYY

Air France-KLM

$0.00

(0.00%)

05:21
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10/17
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Hot Stocks
Ctrip, KLM sign strategic partnership agreement »

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CTRP

Ctrip

$34.48

-1.69 (-4.67%)

AFLYY

Air France-KLM

$0.00

(0.00%)

03/08/13
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INFY

Infosys

$10.22

0.32 (3.23%)

05:17
10/17/18
10/17
05:17
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05:17
Recommendations
Infosys analyst commentary  »

Berenberg sees 30%…

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  • 21

    Oct

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    Oct

TECH

Bio-Techne

$185.40

2.84 (1.56%)

05:13
10/17/18
10/17
05:13
10/17/18
05:13
Initiation
Bio-Techne initiated  »

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  • 06

    Nov

BIO

Bio-Rad

$289.60

11.73 (4.22%)

05:12
10/17/18
10/17
05:12
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05:12
Initiation
Bio-Rad initiated  »

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  • 19

    Oct

  • 01

    Nov

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    Nov

PSTG

Pure Storage

$23.40

1.1 (4.93%)

, NTAP

NetApp

$77.98

2.63 (3.49%)

05:10
10/17/18
10/17
05:10
10/17/18
05:10
Upgrade
Pure Storage, NetApp rating change  »

Pure Storage upgraded to…

PSTG

Pure Storage

$23.40

1.1 (4.93%)

NTAP

NetApp

$77.98

2.63 (3.49%)

03/08/13
Wedge Partners
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03/06/13
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  • 22

    Oct

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    Oct

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    Oct

NTAP

NetApp

$77.98

2.63 (3.49%)

05:08
10/17/18
10/17
05:08
10/17/18
05:08
Upgrade
NetApp rating change  »

NetApp upgraded to…

03/08/13
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  • 24

    Oct

  • 25

    Oct

UAL

United Continental

$83.51

2.17 (2.67%)

05:04
10/17/18
10/17
05:04
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05:04
Upgrade
United Continental rating change  »

United Continental…

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  • 17

    Oct

ANZFF

Air New Zealand

$0.00

(0.00%)

05:01
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10/17
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05:01
Upgrade
Air New Zealand rating change  »

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DAL

Delta Air Lines

$53.11

1.27 (2.45%)

04:59
10/17/18
10/17
04:59
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04:59
Upgrade
Delta Air Lines rating change  »

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  • 09

    Nov

AAL

American Airlines

$33.30

1.52 (4.78%)

04:58
10/17/18
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04:58
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04:58
Upgrade
American Airlines rating change  »

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  • 25

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INFY

Infosys

$10.22

0.32 (3.23%)

04:55
10/17/18
10/17
04:55
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04:55
Downgrade
Infosys rating change  »

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  • 21

    Oct

  • 22

    Oct

04:55
10/17/18
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Conference/Events
Cowen healthcare analysts to hold an analyst/industry conference call »

Healthcare Analysts,…

SPLP

Steel Partners

$16.74

(0.00%)

04:55
10/17/18
10/17
04:55
10/17/18
04:55
Conference/Events
Steel Partners management to meet with Roth Capital »

Meeting to be held in the…

03/08/13
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  • 17

    Oct

CYTK

Cytokinetics

$8.68

1.06 (13.91%)

04:55
10/17/18
10/17
04:55
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04:55
Conference/Events
Cytokinetics management to meet with JMP Securities »

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  • 17

    Oct

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    Nov

SAIC

SAIC

$74.26

2.09 (2.90%)

04:55
10/17/18
10/17
04:55
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04:55
Conference/Events
SAIC management to meet with SunTrust »

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  • 17

    Oct

LTS

Ladenburg Thalmann

$2.89

0.24 (9.06%)

04:55
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10/17
04:55
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Conference/Events
Ladenburg Thalmann management to meet with Barrington »

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  • 17

    Oct

LGND

Ligand

$210.86

10.8 (5.40%)

04:55
10/17/18
10/17
04:55
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04:55
Conference/Events
Ligand management to meet with Craig Hallum »

Meeting to be held in…

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  • 17

    Oct

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    Oct

  • 06

    Nov

04:55
10/17/18
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04:55
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04:55
General news
Breaking General news story  »

Week of 10/12 MBA…

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