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T

AT&T

$32.22

0.34 (1.07%)

06:01
07/13/18
07/13
06:01
07/13/18
06:01

AT&T downgraded to Market Perform from Outperform at Raymond James

  • 24

    Jul

T AT&T
$32.22

0.34 (1.07%)

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.
07/10/18
FBCO
07/10/18
INITIATION
Target $29
FBCO
Underperform
AT&T initiated with an Underperform at Credit Suisse
Credit Suisse initiated AT&T an Underperform and $29 price target.
07/10/18
FBCO
07/10/18
INITIATION
Target $29
FBCO
Underperform
AT&T initiated with an Underperform at Credit Suisse
As reported earlier, Credit Suisse analyst Douglas Mitchelson initiated AT&T with an Underperform rating and a price target of $29. The analyst notes that the company has become the first large communications entity to bring leading businesses in connectivity, pay TV and media together, but the outlook for wireline and pay video looks "very challenged". Mitchelson adds that AT&T will require greater scale and a shift to global direct-to-consumer distribution, stating that the elevated execution risk under its ownership structure and its wireless business look mature with little chance for stabilization in spite of the coming 5G technology.
07/11/18
07/11/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. MCDONALD'S CUT TO NEUTRAL: Cleveland Research analyst Steven Gojak downgraded McDonald's (MCD) to Neutral from Buy after his industry checks led him to believe that its comparable sale results in the second half will trend more in-line with consensus expectations. Gojak, who is still modeling Q2 U.S. comp sales growth of 3.7% for McDonald's, which is above the 3.1% consensus growth view, lowered his 2018 U.S. comp estimate to 3.2% from 3.4%, compared to the consensus of 3.1% growth. McDonald's is down 1% in midday trading. NOMURA INITIATES INTERNET SECTOR: Nomura Instinet initiated coverage on the Americas Internet sector. Nomura Instinet initiated Alphabet Class A (GOOGL), Facebook (FB), and Spotify (SPOT) with Buy ratings, and added that Alphabet and Facebook were the best positioned in this newly regulated industry. It initiated Twitter (TWTR) with a Reduce rating, saying that while it is a "stable long-term asset that has something for everyone," the firm believes the market is pricing in "a significant advertising reacceleration that implies a shift in ad spend," while the firm expects "stability instead of a reacceleration of growth." CREDIT SUISSE POSITIVE ON VERIZON, NEGATIVE ON AT&T: Credit Suisse analyst Douglas Mitchelson initiated Verizon (VZ) with an Outperform rating and a price target of $58. The analyst believes Verizon should benefit from its "major $10B cost savings plan, stable capex spending, record low churn, and the benefit of tax reform." Mitchelson also initiated AT&T (T) with an Underperform rating and a price target of $29. Mitchelson said that AT&T will require greater scale and a shift to global direct-to-consumer distribution, stating that the elevated execution risk under its ownership structure and its wireless business look mature with little chance for stabilization in spite of the coming 5G technology. DISNEY VALUATION NOT COMPELLING: Credit Suisse analyst Douglas Mitchelson initiated Disney (DIS) with a Neutral rating and a price target of $114. The analyst noted that the company is "the best positioned traditional media company", but believes the Street has not sufficiently discounted the costs associated with Disney's push into direct-to-consumer streaming services, adding that FY19 will be extra challenging because of high film comps and major theme park project launches.

TODAY'S FREE FLY STORIES

FNWB

First Northwest Bancorp

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FCX

Freeport McMoRan

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-0.05 (-0.32%)

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XLE

Energy Select Sector SPDR

$74.87

-0.24 (-0.32%)

, XLU

Utilities SPDR

$52.28

-0.39 (-0.74%)

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Technology Select Sector SPDR

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Industrial Select Sector SPDR

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GLD

SPDR Gold Trust

$116.56

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SLV

iShares Silver Trust

$14.59

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USO

United States Oil Fund

$14.15

0.025 (0.18%)

UNG

United States Natural Gas Fund

$22.38

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HYG

iShares iBoxx $ High Yield Corporate Bond

$85.62

0.03 (0.04%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.27

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TLT

iShares 20+ Year Treasury Bond Fund

$120.78

-1.46 (-1.19%)

IEF

iShares 7-10 Year Treasury Bond ETF

$102.21

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SHY

iShares 1-3 Year Treasury Bond

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iShares Russell 1000 Value

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IWF

iShares Russell 1000 Growth

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XRX

Xerox

$25.10

-0.095 (-0.38%)

, FUJIY

Fujifilm

$0.00

(0.00%)

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Xerox

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FUJIY

Fujifilm

$0.00

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  • 26

    Jul

STON

StoneMor Partners

$3.61

-0.015 (-0.41%)

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Hot Stocks
Breaking Hot Stocks news story on StoneMor Partners »

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TEF

Telefonica

$8.70

0.07 (0.81%)

17:11
07/20/18
07/20
17:11
07/20/18
17:11
Downgrade
Telefonica rating change at Goldman Sachs »

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

, USO

United States Oil Fund

$14.15

0.025 (0.18%)

17:04
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General news
Weekly CFTC Commitment of Traders highlights »

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SPY

SPDR S&P 500 ETF Trust

$279.71

-0.24 (-0.09%)

USO

United States Oil Fund

$14.15

0.025 (0.18%)

GLD

SPDR Gold Trust

$116.56

0.74 (0.64%)

FXE

Euro Currency Trust

$112.46

0.83 (0.74%)

FXC

CurrencyShares Canadian Dollar Trust

$75.17

0.81 (1.09%)

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CZWI

Citizens Community Bancorp

$14.15

(0.00%)

17:02
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17:02
Syndicate
Breaking Syndicate news story on Citizens Community Bancorp »

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PKD

Parker Drilling

$0.30

-0.0044 (-1.46%)

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Hot Stocks
Breaking Hot Stocks news story on Parker Drilling »

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  • 02

    Aug

RSLS

ReShape Lifesciences

$1.47

-0.02 (-1.34%)

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Breaking Hot Stocks news story on ReShape Lifesciences  »

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BOX

Box

$26.13

-0.26 (-0.99%)

16:57
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Initiation
Box initiated at First Analysis »

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ALDX

Aldeyra

$7.95

-0.15 (-1.85%)

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Breaking Syndicate news story on Aldeyra »

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GLRE

Greenlight Capital Re

$14.00

-0.15 (-1.06%)

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Greenlight Capital Re announces departure of COO »

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RVI

Retail Value

$34.56

0.2 (0.58%)

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Breaking Hot Stocks news story on Retail Value »

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

, ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

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Lincoln Electric expands board to 11 directors, appoints Patrick Goris to board »

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LECO

Lincoln Electric

$92.26

0.64 (0.70%)

ROK

Rockwell Automation

$171.32

-0.71 (-0.41%)

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  • 23

    Jul

  • 25

    Jul

KMX

CarMax

$77.15

-0.57 (-0.73%)

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Hot Stocks
CarMax chairman sells 37,500 common shares »

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LOW

Lowe's

$100.65

-0.74 (-0.73%)

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Lowe's names Joseph McFarland as EVP of stores »

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16:30
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Options
Preliminary option volume of 20.2M today »

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PFE

Pfizer

$37.33

-0.03 (-0.08%)

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  • 22

    Aug

  • 10

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JCP

J.C. Penney

$2.50

-0.065 (-2.53%)

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J.C. Penney chief customer officer McFarland to leave company »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
Closing CBOE SPX and VIX Index summary for July 20th »

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ASFI

Asta Funding

$3.15

-0.1 (-3.08%)

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Asta Funding receives Nasdaq non-compliance letter »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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NYSE market internals summary »

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DIS

Disney

16:15
07/20/18
07/20
16:15
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16:15
Periodicals
Disney fires 'Guardians' director after controversial tweets, THR says »

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  • 07

    Aug

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