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TRCO

Use TRNC

$33.30

1.25 (3.90%)

, SBGI

Sinclair Broadcast

$28.00

-1.1 (-3.78%)

08:03
07/18/18
07/18
08:03
07/18/18
08:03

Tribune Media price target lowered to $36 from $42 at Wells Fargo

Wells Fargo analyst Marci Ryvicker lowered her price target for Tribune Media (TRCO) to $36 from $42 as the company's deal with Sinclair Broadcast (SBGI) appears "highly unlikely." The analyst reiterates a Market Perform rating on Tribune's shares.

TRCO

Use TRNC

$33.30

1.25 (3.90%)

SBGI

Sinclair Broadcast

$28.00

-1.1 (-3.78%)

  • 08

    Aug

  • 06

    Sep

TRCO Use TRNC
$33.30

1.25 (3.90%)

07/17/18
BNCH
07/17/18
NO CHANGE
BNCH
Buy
Odds of positive outcome for Tribune-Sinclair 'probably closer to coin flip,' says Benchmark
Benchmark analyst Daniel Kurnos called FCC Chairman Ajit Pai preparing a draft order to send the Sinclair (SBGI) and Tribune (TRCO) transaction to a hearing before an administrative judge a "shocking turn of events," but thinks it is important to note that the draft order has not been executed yet, which gives Sinclair time to negotiate. He still feels there is too much at stake for the companies to allow the deal to die, but acknowledges that the chances of a positive outcome are "probably closer to a coin flip." Kurnos has a Buy rating on Sinclair.
07/17/18
RILY
07/17/18
NO CHANGE
Target $36
RILY
Buy
Sinclair Broadcast removed from Alpha Generator List at B. Riley FBR
B. Riley FBR analyst Barton Crockett lowered his price target for Sinclair Broadcast Group (SBGI) to $36 from $49 and removed the stock from his firm's Alpha Generator List. The analyst is surprised by yesterday's letter from Federal Communications Chairman Pai and now assumes Sinclair's acquisition of Tribune Media (TRCO) does not go through. Despite the lowered price target Crockett keeps a Buy rating on Sinclair. He likes the company's "ample" free cash flow and potential for stepped up share buybacks using funds from the failed merger bid.
07/17/18
07/17/18
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. ANALYSTS SPLIT ON NETFLIX AFTER EARNINGS: Despite continuing to like Netflix's story, Deutsche Bank analyst Bryan Kraft downgraded Netflix (NFLX) to Hold from Buy as he believes that the "slowdown in growth" requires a "reevaluation of value." Meanwhile, both BMO Capital and Stifel upgraded the stock to Buy-equivalent ratings as they see the post-earnings weakness in the shares as a buying opportunity. BMO analyst Daniel Salmon raised Netflix to Outperform, with a $400 price target, saying the decline in the stock price following quarterly results offers investors an attractive level to build positions. Stifel also upgraded Netflix to Buy from Hold, with a $406 price target. Analyst Scott Devitt cited the potential for near-term subscription add expectations to reset, a strong second half of the year content slate, and a domestic and international runway, which supports a doubling of the company's subscriber base in the next five to ten years. STEPHENS SEES OPPORTUNITY IN TRIBUNE SELLOFF: Stephens analyst Kyle Evans upgraded Tribune Media (TRCO) to Overweight from Equal Weight while lowering his price target for the shares to $41 from $45. Statements from the FCC and reports by Reuters on Monday created investor concern around whether Sinclair Broadcast (SBGI) will be able to close its proposed acquisition of Tribune, Evans told investors. The analyst said he believes the FCC will allow Sinclair to remedy its concerns about proposed divestiture buyers and that Sinclair will comply with all requirements in an effort to close the deal. He believes a combination of the two companies "remains the best possible outcome for both parties." GOLDMAN SACHS DOWNGRADES MACHINERY MAKERS: Goldman Sachs analyst Jerry Revich downgraded Manitowoc (MTW) to Sell from Neutral and lowered his price target to $22 from $30 as part of his broader note on the machinery cycle. The analyst also downgraded Generac (GNRC) to Sell from Neutral with an unchanged price target of $45 and removed Caterpillar (CAT) and Deere (DE) from the firm's Conviction Buy lists. GOLDMAN ALSO DOWNGRADES GOODYEAR: Goldman Sachs analyst David Tamberrino downgraded Goodyear Tire & Rubber (GT) to Sell from Neutral and lowered his price target for the shares to $18 from $25. The analyst said he sees the "tough backdrop" for the company continuing amid raw material price increases. Further, Goodyear's pricing power "remains elusive," Tamberrino told investors in a research note.
07/18/18
WELS
07/18/18
NO CHANGE
Target $40
WELS
Outperform
Sinclair Broadcast price target lowered to $40 from $50 at Wells Fargo
Wells Fargo analyst Marci Ryvicker lowered her price target for Sinclair Broadcast (SBGI) to $40 from $50 as the company's deal with Tribune Media (TRCO) appears "highly unlikely." The analyst reiterates an Outperform rating on Sinclair's shares.
SBGI Sinclair Broadcast
$28.00

-1.1 (-3.78%)

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SPY

SPDR S&P 500 ETF Trust

$268.67

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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FITB

Fifth Third

$26.79

-0.91 (-3.29%)

14:15
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Options
Fifth Third put volume heavy and directionally bearish »

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BUD

AB InBev

$76.46

3.23 (4.41%)

14:05
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Anheuser Busch call volume above normal and directionally bullish »

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AQMS

Aqua Metals

$2.47

-0.02 (-0.80%)

, JCI

Johnson Controls

$33.25

-1.54 (-4.43%)

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Hot Stocks
Aqua Metals announces official vendor certification from Johnson Controls »

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$2.47

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JCI

Johnson Controls

$33.25

-1.54 (-4.43%)

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INFN

Infinera

$4.42

0.02 (0.45%)

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Hot Stocks
Infinera CFO Brad Feller buys 40K shares of company stock »

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GME

GameStop

$13.21

-0.68 (-4.90%)

13:55
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Options
GameStop put volume heavy and directionally bearish »

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  • 15

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LBRDA

Liberty Broadband

$82.54

0.02 (0.02%)

13:55
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13:55
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Conference/Events
Liberty Broadband to host investor meeting »

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  • 14

    Nov

APRN

Blue Apron

$1.15

-0.07 (-5.74%)

13:52
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Downgrade
Blue Apron rating change  »

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GOOS

Canada Goose

$63.55

4.95 (8.45%)

13:46
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  • 14

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COG

Cabot Oil & Gas

$25.96

-0.54 (-2.04%)

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

Aggressive call buying in…

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  • 26

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ACU

Acme United

$16.35

-1.03 (-5.93%)

13:38
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Hot Stocks
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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Periodicals
Facebook morale takes hit amid challenging year, WSJ reports »

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  • 28

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ERIC

Ericsson

$8.55

-0.37 (-4.15%)

13:33
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Periodicals
Ericsson CEO not seeing sales boost as security worries hit rivals, Reuters says »

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BMWYY

BMW

$0.00

(0.00%)

, VOD

Vodafone

$20.26

0.17 (0.85%)

13:30
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Periodicals
BMW, Vodafone, Ericsson urge EU to weigh 5G car technology, Reuters says »

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BMWYY

BMW

$0.00

(0.00%)

VOD

Vodafone

$20.26

0.17 (0.85%)

ERIC

Ericsson

$8.55

-0.37 (-4.15%)

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  • 14

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BIG

Big Lots

$43.00

-1.02 (-2.32%)

13:30
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Options
Bearish option flow in Big Lots »

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GLIBA

GCI Liberty

$47.08

0.59 (1.27%)

13:25
11/14/18
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Conference/Events
GCI Liberty to host investor meeting »

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  • 14

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LBRDK

Liberty Broadband

$82.44

-0.1 (-0.12%)

13:25
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Conference/Events
Liberty Broadband to host investor meeting »

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  • 14

    Nov

GS

Goldman Sachs

$200.31

-4.61 (-2.25%)

, JPM

JPMorgan

$107.15

-2.44 (-2.23%)

13:24
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Periodicals
Levi Strauss looking to raise $600M-$800M in IPO, CNBC reports »

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GS

Goldman Sachs

$200.31

-4.61 (-2.25%)

JPM

JPMorgan

$107.15

-2.44 (-2.23%)

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  • 26

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PCG

PG&E

$25.40

-7.3 (-22.32%)

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PG&E says 23,000 electric, 12,000 gas customers without service in Butte County »

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SGH

Smart Global

$28.92

0.57 (2.01%)

13:21
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Recommendations
Smart Global analyst commentary  »

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PCG

PG&E

$25.60

-7.1 (-21.71%)

13:20
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Options
PG&E implied volatility spikes to new highs as shares drop 22.6% »

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