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FB

Facebook

$206.90

4.42 (2.18%)

07:11
07/13/18
07/13
07:11
07/13/18
07:11

Facebook price target raised to $226 from $190 at Barclays

Barclays analyst Ross Sandler maintained an Overweight rating on Facebook and raised his price target to $226 from $190, telling investors that he sees an in-line Q2 with high expectations into the print, which he believes is largely priced in. Looking ahead, Sandler says the narrative around Stories ads could be a catalyst this year and beyond, and that Q2 should see MAU and DAU "leakage" in Europe from GDPR, which he views as a non-event, but could weigh on shares in the short-term.

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FB Facebook
$206.90

4.42 (2.18%)

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.
07/11/18
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.
07/12/18
ADAM
07/12/18
NO CHANGE
Target $2000
ADAM
Buy
Amazon.com price target raised to $2,000 from $1,800 at Canaccord
Canaccord analyst Michael Graham raised its price target on Amazon to $2,000 from $1,800 and maintained a Buy rating, noting strong growth prospects. In a research note to investors, Graham says he is the most constructive among the "FANG" stocks on Amazon and Facebook (FB), although he adds that the FANG stocks are trading at a multiple that's low by historical standards but high compared to the past eight years. Graham thinks his revenue estimate of 38% for Q2 could prove to be conservative, and continues to see Amazon having the most robust and durable growth outlook in the group.
07/12/18
ADAM
07/12/18
NO CHANGE
Target $240
ADAM
Buy
Privacy concerns at Facebook linger, but Canaccord says 'constructive' on shares
Canaccord analyst Michael Graham maintained a Buy rating on Facebook (FB) shares ahead of the company's quarterly earnings, telling investors in a research note that he is the most constructive among the "FANG" stocks on Facebook and Amazon (AMZN), although he adds that the FANG stocks are trading at a multiple that's low by historical standards but high compared to the past eight years. Looking ahead, Graham says slowing ad load growth places greater burden for revenue growth on ad pricing, and data and privacy concerns will linger and may intensify, but he still sees a very constructive case for fundamentals and estimates for the rest of the year and find the valuation reasonable relative to growth. The analyst says he is "comfortable" with his $240 price target, which is based on 26x 2019 EPS.

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CUBI

Customers Bancorp

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ALBO

Albireo Pharma

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LLL

L3 Technologies

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0.74 (0.38%)

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Harris

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CPST

Capstone Turbine

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AVDL

Avadel Pharmaceuticals

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Avadel data shows increase in duration of FUSP with Noctiva »

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08:35
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General news
Oil Action: NYMEX crude rallied to $72.69 highs »

Oil Action: NYMEX crude…

ENPH

Enphase Energy

$4.60

0.1 (2.22%)

08:35
10/15/18
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DIS

Disney

$112.61

1.44 (1.30%)

, FOXA

21st Century Fox

$45.36

0.23 (0.51%)

08:34
10/15/18
10/15
08:34
10/15/18
08:34
Recommendations
Disney, 21st Century Fox, 21st Century Fox analyst commentary  »

Disney shares appear…

DIS

Disney

$112.61

1.44 (1.30%)

FOXA

21st Century Fox

$45.36

0.23 (0.51%)

FOX

21st Century Fox

$44.94

0.15 (0.33%)

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HRS

Harris

$154.88

0.61 (0.40%)

, LLL

L3 Technologies

$195.99

0.74 (0.38%)

08:34
10/15/18
10/15
08:34
10/15/18
08:34
Recommendations
Harris, L3 Technologies analyst commentary  »

Harris price target…

HRS

Harris

$154.88

0.61 (0.40%)

LLL

L3 Technologies

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AMTD

TD Ameritrade

$50.52

0.72 (1.45%)

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Facebook

$153.76

0.4 (0.26%)

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TD Ameritrade launches virtual reality experience on Oculus Go »

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AMTD

TD Ameritrade

$50.52

0.72 (1.45%)

FB

Facebook

$153.76

0.4 (0.26%)

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Conference/Events
Morgan Stanley strategists/economists to hold analyst/industry conference call »

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MTN

Vail Resorts

$245.99

6.29 (2.62%)

08:32
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OSIS

OSI Systems

$69.60

0.31 (0.45%)

08:32
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OSI Systems awarded U.S. CBP IDIQ contract valued up to $67M »

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08:32
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General news
Empire State Mfg Survey General Business Conditions Index data reported »

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DLTH

Duluth Holdings

$28.95

0.82 (2.92%)

08:31
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Duluth Holdings announces Allen Dittrich as COO »

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ABT

Abbott

$69.34

1.23 (1.81%)

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Abbott names Robert Ford as President, COO »

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HRS

Harris

$154.88

0.61 (0.40%)

, LLL

L3 Technologies

$195.99

0.74 (0.38%)

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Harris, L3 Technologies: won't be many acquisitions in first 2 years »

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Harris

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ELAN

Elanco

$32.66

0.31 (0.96%)

, LLY

Eli Lilly

$110.49

2.54 (2.35%)

08:30
10/15/18
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08:30
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08:30
Initiation
Elanco, Eli Lilly initiated  »

Elanco initiated with a…

ELAN

Elanco

$32.66

0.31 (0.96%)

LLY

Eli Lilly

$110.49

2.54 (2.35%)

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LRCX

Lam Research

$143.65

6.03 (4.38%)

, INTC

Intel

$44.86

0.63 (1.42%)

08:30
10/15/18
10/15
08:30
10/15/18
08:30
Recommendations
Lam Research, Intel, TSMC analyst commentary  »

Lam Research price target…

LRCX

Lam Research

$143.65

6.03 (4.38%)

INTC

Intel

$44.86

0.63 (1.42%)

TSM

TSMC

$39.69

0.75 (1.93%)

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CGC

Canopy Growth

$49.79

2.64 (5.60%)

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HRS

Harris

$154.88

0.61 (0.40%)

, LLL

L3 Technologies

$195.99

0.74 (0.38%)

08:29
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08:29
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08:29
Recommendations
Harris, L3 Technologies analyst commentary  »

L3 Technologies, Harris…

HRS

Harris

$154.88

0.61 (0.40%)

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L3 Technologies

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Z

Zillow

$38.53

0.33 (0.86%)

, ZG

Zillow

$38.50

0.41 (1.08%)

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Zillow partners with Realty Executives to receive Canadian listings »

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Zillow

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Zillow

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MBIO

Mustang Bio

$4.58

-0.02 (-0.43%)

, AMGN

Amgen

$197.35

3.51 (1.81%)

08:28
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10/15
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Hot Stocks
Mustang Bio appoints Martina Sersch CMO »

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MBIO

Mustang Bio

$4.58

-0.02 (-0.43%)

AMGN

Amgen

$197.35

3.51 (1.81%)

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CVU

CPI Aerostructures

$8.56

-0.14 (-1.61%)

08:27
10/15/18
10/15
08:27
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08:27
Syndicate
CPI Aerostructures to offer $12M of common shares »

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