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SBGI

Sinclair Broadcast

$27.35

-0.65 (-2.32%)

, TRCO

Tribune Media

$34.09

0.79 (2.37%)

18:26
07/18/18
07/18
18:26
07/18/18
18:26

FCC votes unanimously to adopt hearing order on Sinclair-Tribune deal

This evening, the Federal Communications Commission unanimously voted to adopt a Hearing Designation Order regarding the Sinclair (SBGI)/Tribune (TRCO) transaction. The Commission expects the Order will be released publicly tomorrow. Reference Link

SBGI

Sinclair Broadcast

$27.35

-0.65 (-2.32%)

TRCO

Tribune Media

$34.09

0.79 (2.37%)

  • 08

    Aug

  • 06

    Sep

SBGI Sinclair Broadcast
$27.35

-0.65 (-2.32%)

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.
07/18/18
WELS
07/18/18
NO CHANGE
Target $36
WELS
Market Perform
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.
07/18/18
BNCH
07/18/18
NO CHANGE
Target $52
BNCH
Buy
Benchmark says Sinclair chose 'most efficient option' to try to close deal
After Sinclair Broadcast (SBGI) announced it was amending its previously announced divestiture process to put what appear to be two of the three stations in question into a divestiture trust in an attempt to satisfy concerns voiced by FCC Chairman Ajit Pai, Benchmark analyst Daniel Kurnos said he thinks Sinclair has chosen "the best and most efficient option" to get the deal with Tribune Media (TRCO) closed. The real question now is whether or not this satisfies the character issues raised by Chairman Pai and the "ball is now firmly in the FCC's court," said Kurnos, who reiterates his Buy rating and $52 price target on Sinclair shares.
TRCO Tribune Media
$34.09

0.79 (2.37%)

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EWZ

MSCI Brazil Index

$34.73

0.74 (2.18%)

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EFA

iShares MSCI EAFE Index Fund

$66.50

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EEFT

Euronet

$94.54

0.66 (0.70%)

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Conference/Events
Euronet management to meet with Needham »

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JNK

SPDR Barclays High Yield Bond

$35.86

0.065 (0.18%)

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SJB

ProShares Short High Yield

$22.78

0.025 (0.11%)

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DIOD

Diodes

$37.81

0.07 (0.19%)

06:52
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06:52
Conference/Events
Diodes management to meet with Benchmark »

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HYG

iShares iBoxx $ High Yield Corporate Bond

$85.97

0.16 (0.19%)

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LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.50

0.155 (0.13%)

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TLT

iShares 20+ Year Treasury Bond Fund

$120.14

-0.32 (-0.27%)

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SLV

iShares Silver Trust

$14.17

0.075 (0.53%)

06:50
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CSOD

Cornerstone OnDemand

$52.59

0.48 (0.92%)

06:50
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06:50
Conference/Events
Cornerstone OnDemand management to meet with JMP Securities »

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USLV

VelocityShares 3x Long Silver ETN

$7.31

0.12 (1.67%)

06:49
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CCMP

Cabot Microelectronics

$121.32

0.1 (0.08%)

06:49
08/15/18
08/15
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Conference/Events
Cabot Microelectronics management to meet with Needham »

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  • 21

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IYR

DJ US Real Estate Index Fund

$81.16

0.44 (0.55%)

06:48
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BLDR

Builders FirstSource

$16.86

0.85 (5.31%)

06:48
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06:48
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Conference/Events
Builders FirstSource management to meet with Stephens »

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  • 21

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BMS

Bemis

$49.51

0.12 (0.24%)

, BERY

Berry Global

$45.77

-0.07 (-0.15%)

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Upgrade
Bemis, Berry Global, Graphic Packaging rating change  »

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BMS

Bemis

$49.51

0.12 (0.24%)

BERY

Berry Global

$45.77

-0.07 (-0.15%)

GPK

Graphic Packaging

$14.30

0.19 (1.35%)

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IBB

iShares Nasdaq Biotechnology Index

$117.24

0.7 (0.60%)

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UPS

UPS

$118.97

0.8 (0.68%)

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Periodicals
UPS reaches labor deal with aircraft mechanics, WSJ reports »

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LABD

Daily S&P Biotech Bear 3x Shares

$25.69

-0.41 (-1.57%)

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EWH

MSCI Hong Kong Index

$24.20

0.07 (0.29%)

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EWG

iShares MSCI Germany

$29.59

(0.00%)

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IJR

iShares Core S&P Small Cap ETF

$87.94

1.12 (1.29%)

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EEM

MSCI Emerging Markets Index

$42.76

0.265 (0.62%)

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General news
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EWW

iShares MSCI Mexico

$50.67

1.11 (2.24%)

06:44
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