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NFLX

Netflix

$400.24

4.32 (1.09%)

18:41
07/16/18
07/16
18:41
07/16/18
18:41

Netflix CEO: Still not planning to move into other content types like sports

  • 16

    Jul

NFLX Netflix
$400.24

4.32 (1.09%)

07/16/18
07/16/18
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. NETFLIX CUT TO UNDERPERFORM AT BUCKINGHAM: Buckingham analyst Matthew Harrigan downgraded Netflix (NFLX) to Underperform from Neutral ahead of the company's earnings report, as he estimates that the stock's current price implies "optimistic" views of the company reaching 360M global members in 2025 and 505M by 2033 along with a long-term operating profit margin near 35%. UBS NOW FAVORS UPS OVER FEDEX: UBS analyst Thomas Wadewitz upgraded UPS (UPS) to Buy from Neutral and raised his price target for the shares to $125 from $121. The combination of cost and productivity improvements, coupled with a "constructive" revenue backdrop, provide potential for improved Domestic Package margin performance and stronger operating income growth in 2019 for UPS, Wadewitz told investors. The analyst believes the company has "multiple cost side drivers" and that the new Teamsters agreement may also facilitate growth. Wadewitz this morning also downgraded FedEx (FDX) to Neutral from Buy and lowered his price target for the shares to $256 from $283. With a large global Express business representing 55% of revenue and about 13% of revenue linked to Asia, FedEx is exposed to risk from tariffs and potentially slower trade activity, Wadewitz told investors. The analyst sees limited visibility to near term margin expansion as the company is still ramping up integration with TNT in Europe. In midday trading, UPS is up just over 1%, while FedEx is down 1.5%. BMO CUTS HASBRO TO UNDERPERFORM: BMO Capital analyst Gerrick Johnson downgraded Hasbro to Underperform from Market Perform and lowered his price target to $75 from $80. The analyst noted that the liquidation of Toys R US may be "more impactful than investors realize" after the initial 9% rally in the stock price on "relief that things were not worse", even as retailers are becoming more selective in the "pantry loading" inventory restocking process. JPMORGAN SEES LOW THREAT FROM AMAZON TO NETWORK EQUIPMENT STOCKS: JPMorgan analyst Samik Chatterjee told investors in a research note that he believes the threat of Amazon (AMZN) entering into the networking equipment market is "relatively low" for networking equipment stocks including Arista Networks (ANET), Cisco Systems (CSCO), and Juniper Networks (JNPR), contending that AWS' switching product will target data center capital spending from large enterprise customers, which is only a $2.5B opportunity relative to the $12B data center switching and $16B campus switching market.
07/16/18
07/16/18
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. Aptinyx (APTX) initiated with an Overweight at JPMorgan and an Outperform at BMO Capital as well as Aptinyx (APTX). 2. Magenta Therapeutics (MGTA) initiated with an Outperform at Wedbush, an Outperform at Cowen and JPMorgan, as well as a Buy at Goldman Sachs. 3. Wyndham Destinations (WYND) and Marriott Vacations (VAC) were initiated with a Buy at Jefferies while Hilton Grand Vacations (HGV) was initiated with a Hold. 4. AvroBio (AVRO) initiated with an Outperform at Wedbush, Cowen, and Wells Fargo, and an Overweight at Morgan Stanley. 5. Keurig Dr Pepper (KDP) resumed with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/18
07/16/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Underperform from Neutral at Buckingham with analyst Matthew Harrigan saying he estimates that the stock's current price implies "optimistic" views of the company reaching 360M global members in 2025 and 505M by 2033 along with a long-term operating profit margin near 35%. 2. Rockwell Automation (ROK) downgraded to Sell from Neutral at Goldman Sachs while Parker-Hannifin (PH) was downgraded to Neutral from Buy. 3. FedEx (FDX) downgraded to Neutral from Buy at UBS with analyst Thomas Wadewitz saying with a large global Express business representing 55% of revenue and about 13% of revenue linked to Asia, FedEx is exposed to risk from tariffs and potentially slower trade activity. 4. Hasbro (HAS) downgraded to Underperform from Market Perform at BMO Capital with analyst Gerrick Johnson saying the liquidation of Toys R US may be "more impactful than investors realize" after the initial 9% rally in the stock price on "relief that things were not worse," even as retailers are becoming more selective in the "pantry loading" inventory restocking process. 5. Intrexon (XON) downgraded to Underperform from Neutral at BofA/Merrill with analyst Derik de Bruin citing lack of near-term catalysts and lack of contribution from "advanced" programs until 2020s. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/18
RBCM
07/16/18
NO CHANGE
Target $360
RBCM
Outperform
Netflix consensus 'reasonable' ahead of today's Q2, says RBC Capital
RBC Capital analyst Mark Mahaney says the Street consensus for Netflix earnings, revenue, and subscriber additions is "reasonable" ahead of today's Q2 earnings based on his "intra-quarter data points, proprietary quarterly survey work, and model sensitivity" analysis. The analyst keeps his Outperform rating and $360 price target, stating that Netflix "achieved a level of sustainable scale, growth, and profitability that isn't currently reflected in its stock price". Mahaney also cautions however than the downside risk on Netflix may be greater than usual this time because of adverse FX fluctuations in Q2.

TODAY'S FREE FLY STORIES

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AMZN

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NBIX

Neurocrine

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-12.25 (-12.29%)

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FBP

First BanCorp

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PAGS

PagSeguro Digital

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, EDU

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EDU

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RDFN

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FOXA

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AMZN

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MDLZ

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BABA

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CSCO

Cisco

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MSFT

Microsoft

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NXP Semiconductors

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BX

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BOOT

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JPM

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SPOT

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1.21 (0.92%)

RCL

Royal Caribbean

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0.06 (0.06%)

DAL

Delta Air Lines

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ADBE

Adobe

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GOOG

Alphabet

$1,044.10

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FBP

First BanCorp

$9.01

-0.32 (-3.43%)

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AG

First Majestic

$5.20

0.325 (6.67%)

14:25
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First Majestic call volume above normal and directionally bullish »

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SPY

SPDR S&P 500 ETF Trust

$268.71

-3.29 (-1.21%)

, SPX

S&P 500

$0.00

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May says Brexit decision 'in best interest of entire United Kingdom' »

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SPDR S&P 500 ETF Trust

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FBP

First BanCorp

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$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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Bernstein transportation analysts to hold an analyst/industry conference call »

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$NYE

NYSE Market Internals

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FITB

Fifth Third

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BUD

AB InBev

$76.46

3.23 (4.41%)

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AQMS

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$2.47

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JCI

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INFN

Infinera

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GME

GameStop

$13.21

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13:55
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GameStop put volume heavy and directionally bearish »

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LBRDA

Liberty Broadband

$82.54

0.02 (0.02%)

13:55
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APRN

Blue Apron

$1.15

-0.07 (-5.74%)

13:52
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13:52
Downgrade
Blue Apron rating change  »

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GOOS

Canada Goose

$63.55

4.95 (8.45%)

13:46
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13:46
Recommendations
Canada Goose analyst commentary  »

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COG

Cabot Oil & Gas

$25.96

-0.54 (-2.04%)

13:40
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Aggressive call buying in Cabot Oil and Gas »

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ACU

Acme United

$16.35

-1.03 (-5.93%)

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Acme United raises quarterly dividend 9% to 12c per share »

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FB

Facebook

$143.10

0.91 (0.64%)

13:34
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ERIC

Ericsson

$8.55

-0.37 (-4.15%)

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Ericsson CEO not seeing sales boost as security worries hit rivals, Reuters says »

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