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T

AT&T

$32.22

0.34 (1.07%)

08:33
07/13/18
07/13
08:33
07/13/18
08:33

AT&T CEO says 'conscious of,' but not 'concerned' about meshing cultures

AT&T CEO Randall Stephenson said he is "conscious of,"' but not "concerned about" the different cultures at AT&T and Time Warner and he is taking steps to address culture issues during the integration.

  • 24

    Jul

T AT&T
$32.22

0.34 (1.07%)

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.
07/13/18
RAJA
07/13/18
DOWNGRADE
RAJA
Market Perform
AT&T downgraded to Market Perform from Outperform at Raymond James
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
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.

TODAY'S FREE FLY STORIES

FITB

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VRS

Verso

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D

Dominion

$69.96

-0.42 (-0.60%)

, DM

Dominion Midstream

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D

Dominion

$69.96

-0.42 (-0.60%)

DM

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AMID

American Midstream Partners

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1.025 (9.74%)

ANDX

Andeavor Logistics

$43.20

0.99 (2.35%)

AMGP

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0.03 (0.16%)

AM

Antero Midstream Partners

$30.84

0.9 (3.01%)

APLP

Archrock Partners LP

$0.00

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BKEP

Blueknight Energy Partners

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CEQP

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CCLP

CSI Compressco

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DCP Midstream

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Enable Midstream

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EEP

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Energy Transfer Partners

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ETE

Energy Transfer Equity

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EnLink Midstream

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EnLink Midstream Partners

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0.52 (3.49%)

EPD

Enterprise Products

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0.43 (1.52%)

EQM

EQT Midstream Partners

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MMLP

Martin Midstream Partners

$13.50

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MMP

Magellan Midstream

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MPLX

MPLX

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NGL

NGL Energy Partners

$12.60

0.4 (3.28%)

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Noble Midstream

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NS

NuStar Energy

$24.84

0.4 (1.64%)

SHLX

Shell Midstream

$22.93

0.61 (2.73%)

TEGP

Tallgrass Energy GP

$0.00

(0.00%)

TEP

Tallgrass Energy Partners

$0.00

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TLP

TransMontaigne

$39.66

0.77 (1.98%)

VLP

Valero Energy Partners

$38.91

0.17 (0.44%)

WES

Western Gas Partners

$49.45

0.835 (1.72%)

WPZ

Williams Partners

$41.92

1.35 (3.33%)

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General news
U.S. equities were dented with global stocks »

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GWW

Grainger

$338.99

33.78 (11.07%)

09:14
07/19/18
07/19
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07/19/18
09:14
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BMTC

Bryn Mawr Bank

$47.20

0.35 (0.75%)

09:13
07/19/18
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Bryn Mawr Bank raises quarterly dividend 13.6% to 25c per share »

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TMUS

T-Mobile

$60.51

-0.66 (-1.08%)

09:13
07/19/18
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T-Mobile launches NB-IoT nationwide »

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  • 09

    Aug

BMTC

Bryn Mawr Bank

$47.20

0.35 (0.75%)

09:12
07/19/18
07/19
09:12
07/19/18
09:12
Earnings
Bryn Mawr Bank reports Q2 EPS ex-items 83c, consensus 76c »

Reports Q2 EPS 72c.…

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09:10
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General news
The Philly Fed bounce to 25.7 »

The Philly Fed bounce to…

WWE

WWE

$80.49

-0.02 (-0.02%)

09:09
07/19/18
07/19
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09:09
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QTS

QTS Realty Trust

$40.88

-0.27 (-0.66%)

09:09
07/19/18
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QTS Realty Trust solution selected by Metropolitan Washington Airports Authority »

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  • 26

    Jul

FITB

Fifth Third

$30.26

0.75 (2.54%)

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  • 19

    Jul

UBSH

Union Bankshares

$41.58

2.01 (5.08%)

09:07
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Union Bankshares raises quarterly dividend to 23c per share »

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AMRB

American River

$15.66

0.06 (0.38%)

09:07
07/19/18
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Earnings
American River reports Q2 EPS 22c, consensus 22c »

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  • 20

    Jul

NXTM

NxStage Medical

$27.92

-0.13 (-0.46%)

, FMS

Fresenius Medical

$49.68

-0.33 (-0.66%)

09:06
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Hot Stocks
NxStage sells bloodlines business, sees Fresenius buyout closing in 2018 »

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NXTM

NxStage Medical

$27.92

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FMS

Fresenius Medical

$49.68

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PHX

Panhandle Oil & Gas

$20.05

-0.4 (-1.96%)

09:05
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FITB

Fifth Third

$30.26

0.75 (2.54%)

09:05
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Earnings
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  • 19

    Jul

NUE

Nucor

$65.65

1.045 (1.62%)

09:04
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  • 19

    Jul

CAR

Avis Budget

$32.32

0.34 (1.06%)

, AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

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CAR

Avis Budget

$32.32

0.34 (1.06%)

AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

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  • 26

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UAL

United Continental

$79.02

6.355 (8.75%)

09:03
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Upgrade
United Continental rating change  »

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ETM

Entercom

$8.03

-0.05 (-0.62%)

, BBGI

Beasley Broadcast

$10.50

0.1 (0.96%)

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Entercom to acquire WBEB-FM 101.1 MORE FM, divest WXTU-FM 92.5 FM »

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ETM

Entercom

$8.03

-0.05 (-0.62%)

BBGI

Beasley Broadcast

$10.50

0.1 (0.96%)

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AJG

Arthur J. Gallagher

$70.48

0.79 (1.13%)

09:02
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Arthur J. Gallagher acquires Winnipeg-based Belton Boisselle »

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  • 26

    Jul

SBUX

Starbucks

$51.15

-0.12 (-0.23%)

09:02
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07/19
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Hot Stocks
Starbucks to open first U.S. Signing Store in Washington, D.C. »

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  • 26

    Jul

NUE

Nucor

$65.65

1.045 (1.62%)

09:01
07/19/18
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Earnings
Nucor says Q3 earnings expected 'to further improve' vs. Q2, consensus $2.15 »

"Earnings in the…

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  • 19

    Jul

09:01
07/19/18
07/19
09:01
07/19/18
09:01
Conference/Events
The Federal Energy Regulatory Commission to hold a meeting »

The Federal Energy…

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