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T

AT&T

$32.22

0.34 (1.07%)

08:25
07/13/18
07/13
08:25
07/13/18
08:25

AT&T CEO says DOJ appeal 'changes nothing'

AT&T CEO Randall Stephenson said the DOJ appeal "changes nothing" about how the company will be executing on its plan, adding "the merger is closed, we own Time Warner." In terms of any overhang, there is "not much we can do about that," Stephenson added.

  • 24

    Jul

T AT&T
$32.22

0.34 (1.07%)

07/13/18
JEFF
07/13/18
NO CHANGE
Target $35
JEFF
Hold
DOJ faces 'uphill battle' in AT&T appeal, says Jefferies
While the Department of Justice's appeal of the AT&T-Time Warner case creates some uncertainty, the agency "faces an uphill battle," Jefferies analyst John Janedis tells investors in a research note. The analyst notes that Judge Leon was very clear in his ruling that he believed the government did not meet its burden of proof in the case, and discouraged the DOJ from asking for a stay. Janedis believes it could take a year or more before a final decision is made. He keeps a Hold rating on AT&T with a $35 price target.
07/13/18
07/13/18
DOWNGRADE

Market Perform
AT&T downgraded to Market Perform following DOJ suit at Raymond James
As previously reported, Raymond James downgraded AT&T (T) to Market Perform from Outperform. Analyst Frank Louthan views the Department of Justice appeal of the Time Warner (TWX) case as a negative and said it is a "frustrating delay." Louthan expects the suit to be a "significant overhang" for an extended period of time, which will limit share appreciation, but remains confident AT&T will prevail.
07/13/18
RAJA
07/13/18
DOWNGRADE
RAJA
Market Perform
AT&T downgraded to Market Perform from Outperform at Raymond James
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

UTX

United Technologies

$132.50

2.18 (1.67%)

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  • 23

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BIIB

Biogen

$338.26

9.52 (2.90%)

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  • 22

    Oct

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NFLX

Netflix

$346.40

13.29 (3.99%)

05:23
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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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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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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  »

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  • 21

    Oct

  • 22

    Oct

TECH

Bio-Techne

$185.40

2.84 (1.56%)

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

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  • 06

    Nov

BIO

Bio-Rad

$289.60

11.73 (4.22%)

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

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  • 19

    Oct

  • 01

    Nov

  • 07

    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
03/08/13
Credit Suisse
03/06/13
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  • 22

    Oct

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    Oct

  • 25

    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  »

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  • 24

    Oct

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    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  »

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  • 17

    Oct

ANZFF

Air New Zealand

$0.00

(0.00%)

05:01
10/17/18
10/17
05:01
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05:01
Upgrade
Air New Zealand rating change  »

Air New Zealand upgraded…

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DAL

Delta Air Lines

$53.11

1.27 (2.45%)

04:59
10/17/18
10/17
04:59
10/17/18
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
10/17
04:58
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04:58
Upgrade
American Airlines rating change  »

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  • 25

    Oct

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
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Conference/Events
Cowen healthcare analysts to hold an analyst/industry conference call »

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SPLP

Steel Partners

$16.74

(0.00%)

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

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  • 17

    Oct

CYTK

Cytokinetics

$8.68

1.06 (13.91%)

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

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  • 17

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SAIC

SAIC

$74.26

2.09 (2.90%)

04:55
10/17/18
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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
10/17/18
10/17
04:55
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04:55
Conference/Events
Ladenburg Thalmann management to meet with Barrington »

Meeting to be held in…

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  • 17

    Oct

LGND

Ligand

$210.86

10.8 (5.40%)

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

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  • 17

    Oct

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    Nov

04:55
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General news
Breaking General news story  »

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NSSC

NAPCO Security

$14.13

0.51 (3.74%)

04:55
10/17/18
10/17
04:55
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04:55
Conference/Events
NAPCO Security management to meet with Benchmark »

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  • 17

    Oct

  • 29

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AGLE

Aeglea BioTherapeutics

$10.04

0.6 (6.36%)

04:55
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04:55
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04:55
Conference/Events
Aeglea BioTherapeutics to hold a conference call »

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  • 17

    Oct

AGTC

Applied Genetic

$6.78

0.04 (0.59%)

04:55
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10/17
04:55
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Conference/Events
Applied Genetic management to meet with Wedbush »

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  • 17

    Oct

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