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GOOG

Alphabet

$1,183.87

29.48 (2.55%)

, GOOGL

Alphabet Class A

$1,201.91

31.16 (2.66%)

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

Alphabet price target raised to $1,350 from $1,250 at Barclays

Barclays analyst Ross Sandler reiterated an Overweight rating and raised his price target to $1,350, telling investors in a research note that he would add to positions into Q2, "full stop." Sandler says the recipe for upside is simple, "beat consensus for sites revenue, TAC and operating margin," and he believes this trifecta may happen in Q2 against a muted sentiment backdrop, causing shares to respond positively. He continues to view the risk/reward as attractive.

GOOG

Alphabet

$1,183.87

29.48 (2.55%)

GOOGL

Alphabet Class A

$1,201.91

31.16 (2.66%)

  • 17

    Jul

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    Jul

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    Jul

  • 28

    Oct

GOOG Alphabet
$1,183.87

29.48 (2.55%)

07/02/18
JEFF
07/02/18
NO CHANGE
JEFF
Jefferies sees rotation coming to Technology, downgrades sector rating
Jefferies equity strategist Steven DeSanctis downgraded his rating on the Technology sector to a Market Weight from Overweight. "Sentiment is too strong and we sense a rotation coming," DeSanctis tells investors in a research note. On Biotech, the analyst recommends staying selective as the sector "is nearing an all-time high weight in small growth benchmarks." On Financials, DeSanctis says that while the sector has not worked for 18 months, rising interest rates, more deal activity and cheaper valuations could get the group moving higher.
07/10/18
BARD
07/10/18
NO CHANGE
Target $1300
BARD
Outperform
Alphabet ad platform enhancement offers more automation, says Baird
Baird analyst Colin Sebastian kept his Outperform rating and $1,300 price target on Alphabet, saying the company's sixth annual Marketing Live conference demonstrated its recently announced core ad platform changes and its ability to "leverage machine learning capabilities". Sebastian notes that the enhancements provide a higher level of automation in ad creation and measurement, making it easier for advertisers to develop campaigns across the company's suite of consumer apps. The analyst adds that moderating growth in traffic acquisition costs as well as its increasing revenue diversification offer further upside potential for Alphabet.
07/11/18
07/11/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alphabet (GOOGL, GOOG), Facebook (FB), and Spotify (SPOT) were initiated with a Buy at Nomura Instinet while Twitter (TWTR) was initiated with a Reduce. 2. AMC Entertainment (AMC) and Cinemark (CNK) were initiated with an Outperform at Imperial Capital. 3. Keurig Dr Pepper (KDP) initiated with a Hold at Stifel. 4. Myers Industries (MYE) initiated with a Neutral at Baird and JPMorgan. 5. TPG Pace Energy (TPGE) initiated with an Outperform at Northland. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/18
ADAM
07/12/18
NO CHANGE
Target $1050
ADAM
Hold
Alphabet 'fairly valued' ahead of Q2 earnings, says Canaccord
Canaccord analyst Michael Graham said Alphabet is fairly valued ahead of its Q2 earnings report, telling investors in a research note that he believes the company will report "solid" top line performance and is comfortable with his estimate for 26% core Properties revenue growth. He sees core revenue growth staying "comfortable" above 20%, but thinks Alphabet will continue to underperform the FANG complex as gross margin contraction leads to slower EPS growth. With the multiple at a historically "full" level, Graham thinks stock appreciation may be limited. Graham has a Hold rating and $1,050 price target on Alphabet shares.
GOOGL Alphabet Class A
$1,201.91

31.16 (2.66%)

07/10/18
NOMU
07/10/18
INITIATION
NOMU
Nomura Instinet initiates coverage on Americas Internet
Nomura Instinet initiated coverage on nine names within the Americas Internet sector. The firm believes, overall, that there is "still some room for growth in digital advertising for the foreseeable future" and believes it will be led primarily by digital video and social, and primarily on mobile devices. The firm added that, as a result of slowing user growth and already high internet penetration, the growth will likely be led by pricing, rather than volume, and the consistent shift away from offline to online media. Nomura Instinet forecast the global digital advertising market "will grow at a 15% five-year CAGR through 2020 as digital ads work toward constituting half of total advertising spend," which the firm expects to occur in 2020. 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 Netflix (NFLX), Snap (SNAP), Trade Desk (TTD), Criteo (CRTO), and Pandora (P) with Neutral ratings. 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."
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

MINI

Mobile Mini

$42.16

-1.21 (-2.79%)

07:46
10/22/18
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07:46
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SVMK

SurveyMonkey

$12.97

-0.78 (-5.67%)

, CRM

Salesforce

$140.45

-2.44 (-1.71%)

07:45
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07:45
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07:45
Initiation
SurveyMonkey, Salesforce initiated  »

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SVMK

SurveyMonkey

$12.97

-0.78 (-5.67%)

CRM

Salesforce

$140.45

-2.44 (-1.71%)

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SVMK

SurveyMonkey

$12.97

-0.78 (-5.67%)

07:45
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07:45
Initiation
SurveyMonkey initiated  »

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EBAY

eBay

$28.73

-2.83 (-8.97%)

, PYPL

PayPal

$84.75

7.25 (9.35%)

07:44
10/22/18
10/22
07:44
10/22/18
07:44
Recommendations
eBay, PayPal analyst commentary  »

eBay could attract…

EBAY

eBay

$28.73

-2.83 (-8.97%)

PYPL

PayPal

$84.75

7.25 (9.35%)

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FLXN

Flexion

$18.96

0.33 (1.77%)

07:43
10/22/18
10/22
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07:43
Hot Stocks
Flexion to present data from Phase 2 Zilretta study at ACR »

Flexion will present the…

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CRI

Carter's

$94.38

-1.68 (-1.75%)

07:43
10/22/18
10/22
07:43
10/22/18
07:43
Recommendations
Carter's analyst commentary  »

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  • 25

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STRO

Sutro Biopharma

$14.55

0.03 (0.21%)

07:43
10/22/18
10/22
07:43
10/22/18
07:43
Initiation
Sutro Biopharma initiated  »

Sutro Biopharma initiated…

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EBAY

eBay

$28.73

-2.83 (-8.97%)

07:42
10/22/18
10/22
07:42
10/22/18
07:42
Downgrade
eBay rating change  »

eBay downgraded to…

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  • 30

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HD

Home Depot

$179.87

-0.56 (-0.31%)

07:40
10/22/18
10/22
07:40
10/22/18
07:40
Recommendations
Home Depot analyst commentary  »

Home Depot price target…

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BMY

Bristol-Myers

$54.31

-1.7 (-3.04%)

, MRK

Merck

$72.34

0.12 (0.17%)

07:39
10/22/18
10/22
07:39
10/22/18
07:39
Downgrade
Bristol-Myers, Merck rating change  »

Citi sees Merck showing…

BMY

Bristol-Myers

$54.31

-1.7 (-3.04%)

MRK

Merck

$72.34

0.12 (0.17%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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XYL

Xylem

$69.26

-0.63 (-0.90%)

07:39
10/22/18
10/22
07:39
10/22/18
07:39
Recommendations
Xylem analyst commentary  »

Need better risk/reward…

03/08/13
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  • 30

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KMB

Kimberly-Clark

$110.30

0.79 (0.72%)

07:38
10/22/18
10/22
07:38
10/22/18
07:38
Hot Stocks
Kimberly-Clark sees FY18 share repurchases $800M »

Third quarter 2018 share…

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  • 22

    Oct

HOG

Harley-Davidson

$39.56

-0.81 (-2.01%)

07:38
10/22/18
10/22
07:38
10/22/18
07:38
Recommendations
Harley-Davidson analyst commentary  »

Harley-Davidson…

03/08/13
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  • 23

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EWBC

East West Bancorp

$53.86

0.1 (0.19%)

07:37
10/22/18
10/22
07:37
10/22/18
07:37
Upgrade
East West Bancorp rating change  »

East West Bancorp…

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STBZ

State Bank Financial

$25.44

-1.02 (-3.85%)

07:37
10/22/18
10/22
07:37
10/22/18
07:37
Earnings
State Bank Financial reports Q3 EPS 46c, consensus 57c »

Reports Q3 Tier 1 capital…

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VFC

VF Corp.

$77.74

-9.33 (-10.72%)

07:37
10/22/18
10/22
07:37
10/22/18
07:37
Recommendations
VF Corp. analyst commentary  »

VF Corp. weakness a…

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KMB

Kimberly-Clark

$110.30

0.79 (0.72%)

07:37
10/22/18
10/22
07:37
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07:37
Hot Stocks
Kimberly-Clark provides update to 2018 guidance »

The company updated the…

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  • 22

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TM

Toyota

$116.34

-0.34 (-0.29%)

07:36
10/22/18
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07:36
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07:36
Upgrade
Toyota rating change  »

Toyota upgraded to Buy…

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  • 24

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CMG

Chipotle

$429.09

-2.63 (-0.61%)

07:35
10/22/18
10/22
07:35
10/22/18
07:35
Recommendations
Chipotle analyst commentary  »

Chipotle customer trends…

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  • 25

    Oct

KMB

Kimberly-Clark

$110.30

0.79 (0.72%)

07:35
10/22/18
10/22
07:35
10/22/18
07:35
Hot Stocks
Kimberly-Clark CEO says profitability impacted by commodity, currency headwinds »

Chairman and CEO Thomas…

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  • 22

    Oct

BAC

Bank of America

$28.31

0.05 (0.18%)

, AAL

American Airlines

$32.05

(0.00%)

07:35
10/22/18
10/22
07:35
10/22/18
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

BAC

Bank of America

$28.31

0.05 (0.18%)

AAL

American Airlines

$32.05

(0.00%)

CTL

CenturyLink

$22.00

0.96 (4.56%)

HLT

Hilton

$70.66

-1.42 (-1.97%)

GRPN

Groupon

$3.22

-0.29 (-8.26%)

TER

Teradyne

$32.76

-0.02 (-0.06%)

FOSL

Fossil

$18.67

-0.46 (-2.40%)

ECHO

Echo Global

$25.91

0.665 (2.63%)

03/08/13
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XELA

Exela Technologies

$6.33

-0.07 (-1.09%)

07:34
10/22/18
10/22
07:34
10/22/18
07:34
Initiation
Exela Technologies initiated  »

Exela Technologies…

03/08/13
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ZLAB

Zai Lab

$16.33

-0.05 (-0.31%)

07:34
10/22/18
10/22
07:34
10/22/18
07:34
Hot Stocks
Zai Lab announces approval of Zejula for patients with relapsed ovarian cancer »

Zai Lab Limited announced…

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BGNE

BeiGene

$124.96

0.81 (0.65%)

07:34
10/22/18
10/22
07:34
10/22/18
07:34
Hot Stocks
BeiGene announces preliminary data from pamiparib study at ESMO »

BeiGene announced that…

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  • 27

    Nov

INTC

Intel

$43.98

-1 (-2.22%)

07:34
10/22/18
10/22
07:34
10/22/18
07:34
Upgrade
Tactical call or not, Nomura upgrades Intel to Buy with $50 target »

Nomura Instinet analyst…

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