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CMCSA

Comcast

$34.03

-0.23 (-0.67%)

, CMCSK

Comcast

$0.00

(0.00%)

08:36
07/19/18
07/19
08:36
07/19/18
08:36

Comcast says does not intend to further pursue 21st Century Fox acquisition

Comcast Corporation (CMCSA) issued the following statement regarding its pursuit of the assets Twenty-First Century Fox (FOXA) has agreed to sell to The Walt Disney Company (DIS): "Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky (SKYAY)." Brian L. Roberts, Chairman and CEO, Comcast Corporation, said, "I'd like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company."

CMCSA

Comcast

$34.03

-0.23 (-0.67%)

CMCSK

Comcast

$0.00

(0.00%)

FOX

Fox Corp.

$46.34

0.15 (0.32%)

FOXA

Fox Corp.

$46.69

0.22 (0.47%)

DIS

Disney

$110.71

0.41 (0.37%)

SKYAY

Use CMCSA, CMCSK

$0.00

(0.00%)

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    Aug

CMCSA Comcast
$34.03

-0.23 (-0.67%)

07/13/18
LOOP
07/13/18
NO CHANGE
Target $125
LOOP
Buy
Disney price target lowered to $125 from $130 at Loop Capital
Loop Capital analyst Alan Gould lowered his price target on Disney (DIS) to $125, saying the bidding process for 21st Century Fox (FOXA) and Sky (SKYAY) could see another increase by the company to low $40s per share and up to GBP 15 per share respectively. Gould believes that Disney will end up acquiring both assets, with associated costs lowering its EPS by 18c per share. Longer term, the analyst keeps his Buy rating on Disney, noting that despite its premium valuation, it has "carried an even higher multiple on a similar mid-teens EPS growth rate".
07/13/18
BERN
07/13/18
NO CHANGE
BERN
Bernstein 'not so sure' Comcast will give up on Fox assets
Bernstein analyst Todd Juenger said that it appears that the market is starting to believe Comcast (CMCSA) will give up on its bid to buy assets from 21st Century Fox (FOXA) and focus on Sky (SKYAY), but he said he is "not so sure" that is the case after only one counter from Disney (DIS). He does not believe Comcast would put forth a $35 bid unless it was prepared to bid up to near $45 per share, Juenger tells investors. If Comcast ups its bid, it either wins Fox at a high price or Disney is forced to pay more, which both seem better than giving up to him, Juenger stated. In any case, the "winner" will be left with increased leverage on a cyclical business late in the cycle at a time when it needs to invest significantly to build its direct-to-consumer business, added Juenger.
07/13/18
07/13/18
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. VF CORP DOUBLE UPGRADE: BofA Merrill Lynch analyst Robert Ohmes upgraded VF Corp (VFC) to Buy from Underperform and raised his price objective to $96 from $65 ahead of the company's earnings report on July 20, telling investors in a research note that he believes Vans will be a "go-to-brand" for the back-to-school selling season. He said his channel checks indicate accelerating momentum in Vans, especially classic styles, and that the $50-$60 price point is attractive given consumers' shift to value. RAYMOND JAMES DOWNGRADES AT&T: Raymond James downgraded AT&T (T) to Market Perform from Outperform. Analyst Frank Louthan said he views the Department of Justice appeal of the Time Warner 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. AT&T is lower by 2% in late morning trading. STIFEL STARTS GALMED WITH A BUY: Stifel analyst Adam Walsh initiated Galmed (GLMD) with a Buy rating and $35 price target, calling it a "legitimate late-stage NASH play" after Aramchol recently proved itself in a Phase 2 trial as a clearly active and "very safe" compound for treating NASH. Galmed is trading higher by over 17% in late morning trading. MORGAN STANLEY HIKES WWE TARGET TO $100: Morgan Stanley analyst Benjamin Swinburne said that WWE (WWE), by securing rights fees in its new five-year agreements with NBC (CMCSA, CMCSK) and Fox (FOX, FOXA) that are 3.6 times higher than its prior five-year broadcast agreement with NBC, has gained a "massive increase" in earnings power and "extremely high" visibility into the associated revenue. Given the recently announced deals, he raised his price target on WWE shares to $100 from $58 and kept an Overweight rating on the stock. WILLIAM BLAIR CALLS KEMPER PULLBACK 'BUYING OPPORTUNITY': William Blair analyst Adam Klauber said he views shares of Kemper (KMPR) as "even more attractive" after the recent pullback, which he attributes to selling pressures from Infinity Property shareholders receiving Kemper stock. Klauber said Kemper "continues to be our top conviction idea," and kept an Outpeform rating on the name. Kemper is higher by 4.8% in late morning trading.
07/10/18
FBCO
07/10/18
INITIATION
Target $36
FBCO
Neutral
Comcast initiated with a Neutral at Credit Suisse
Credit Suisse analyst Douglas Mitchelson initiated Comcast with a Neutral rating and a price target of $36. The analyst says the company has "terrific management and assets generating returns, but broadband is maturing and video & voice are in decline. Mitchelson adds that while the Street is still forecasting 5-6% EBITDA growth for years, investors are beginning to discount Comcast going "ex-growth" soon.
CMCSK Comcast
$0.00

(0.00%)

06/26/18
BUCK
06/26/18
INITIATION
BUCK
Neutral
Sky initiated with a Neutral at Buckingham
Earlier today, Buckingham analyst Michael Harrigan initiated Sky (SKYAY) with a Neutral rating and GBP14.50 price target with 3% upside, above Comcast's (CMCSA) GBP12.50 cash bid and a premium to 21st Century Fox's (FOXA) GBP10.75 bid to buy the 61% of Sky it does not already own. The analyst tells investors in a research note that a higher bid assessment could be triggered by the U.K. Takeover Panel exercising its authority to mandate a higher takeout bid if the price paid by Comcast or Disney (DIS) to buy the 21st Century Fox assets that are in play implies a higher bid.
06/25/18
JEFF
06/25/18
NO CHANGE
Target $41
JEFF
Buy
Potential Fox deal 'largely priced' into Comcast shares, says Jefferies
Jefferies analyst John Janedis told investors in a research note that he has noted healthy ad demand this quarter, and combined with "decent" ratings at key cable networks like Bravo, USA and Oxygen, Comcast's (CMCSA) NBCUniversal appears to be performing well. Janedis, who has a Buy rating and $41 price target on Comcast shares, believes a potential Fox (FOXA) deal is "largely priced" into shares and that the stock will trade higher when the dust settles -- either way. Following Disney's (DIS) $38 per share offer for Fox assets, he thinks a competing offer from Comcast would need to be at least $42.50 per share to be viewed as superior, adding that Comcast likely has options for Fox that include more than a straight cash offer.
FOX Fox Corp.
$46.34

0.15 (0.32%)

06/27/18
GUGG
06/27/18
NO CHANGE
Target $82
GUGG
Buy
WWE price target raised to $82 from $68 at Guggenheim
After WWE announced new five year deals for RAW and SmackDown yesterday evening, Guggenheim analyst Curry Baker raised his price target on the stock to $82 from $68, noting that the combined average annual value of the deals with Comcast's (CMCSA) USA Network and Fox Sports (FOXA) of $524M was ahead of his $500M a year forecast. Beyond the renewals, Baker sees a number of opportunities remaining for WWE, including renewals in the UK and India, incremental content deals, and WWE Network tiering. He keeps a Buy rating on WWE shares.
FOXA Fox Corp.
$46.69

0.22 (0.47%)

07/10/18
FBCO
07/10/18
INITIATION
Target $57
FBCO
Outperform
21st Century Fox initiated with an Outperform at Credit Suisse
Credit Suisse analyst Doug Mitchelson initiated 21st Century Fox with an Overweight and $57 price target saying bidding cold go higher for Fox, and the New Fox is currently undervalued given its free cash flow and attractive assets.
DIS Disney
$110.71

0.41 (0.37%)

07/12/18
MSCO
07/12/18
NO CHANGE
Target $80
MSCO
Overweight
Morgan Stanley calls Overwatch deal with Disney an 'important step' for esports
Morgan Stanley analyst Brian Nowak said Activision Blizzard's (ATVI) exclusive live television coverage deal with Disney (DIS) for the Overwatch League not only has the potential to drive higher licensing revenue for the company but its also an "important step" in continuing to establish esports as more of a mainstream event and towards his $100 per share "bull case" for Activision shares. Nowak maintains an Overweight rating and $80 price target on Activision Blizzard shares.
07/17/18
RHCO
07/17/18
NO CHANGE
Target $415
RHCO
Hold
Netflix facing risks of increasing competition, says SunTrust
SunTrust analyst Matthew Thornton keeps his Hold rating and $415 price target on Netflix (NFLX) after its Q2 subscriber growth miss while discussing some of the key risks faced by the company. The analyst notes that Netflix could struggle with raising its monthly rates in the environment increasing competition, as Disney (DIS) prepares to launch its own subscription video on demand, SVOD, service in 2019 amid the proliferation of bundles that also include high-demand live sports. Thornton further notes that given a bigger HBO budget under AT&T (T) and the launch/bundling of more video content at Apple (AAPL), the ability of Netflix to raise rates may be more challenging than in recent years.
SKYAY Use CMCSA, CMCSK
$0.00

(0.00%)

06/14/18
OPCO
06/14/18
NO CHANGE
Target $42
OPCO
Outperform
Disney likely to top bid for Fox entertainment assets, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that Comcast (CMCSA) has bid $65B for a cash offer for Fox's (FOXA) entertainment assets, a 19% premium to Disney's offer (DIS). The analyst believes it does make strategic/financial sense, and Comcast has a great track record on acquisitions. Further, Horan thinks a joint NBC/Fox would be a content powerhouse while expanding the company's presence in Europe with Sky (SKYAY), and slashing OTT video risk. Nonetheless, the analyst believes Disney is likely to top the bid. He reiterates an Outperform rating and $42 price target on Comcast's shares.

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MYL

Mylan

$19.67

0.225 (1.16%)

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Preliminary option volume of 15.0M today »

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CDAY

Ceridian

$51.19

1.04 (2.07%)

16:29
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Ceridian files to sell 8M shares of common stock for holders »

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IT

Gartner

$154.12

1.62 (1.06%)

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PSTG

Pure Storage

$20.60

0.6 (3.00%)

16:22
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Hot Stocks
Pure Storage down 17% to $17.10 after Q1 results miss estimates »

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EXPR

Express

$3.45

0.08 (2.37%)

16:21
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Express appoints Timothy Baxter CEO »

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OOMA

Ooma

$14.49

-0.45 (-3.01%)

16:20
05/21/19
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Earnings
Ooma narrows FY20 EPS view to (24c)-(19c) from (24c)-(14c), consensus (19c) »

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AVP

Avon Products

$3.20

0.06 (1.91%)

16:20
05/21/19
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Options
Avon Products put buyer closes out long term trade »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
05/21/19
05/21
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16:20
Options
Closing CBOE SPX and VIX Index summary for May 21st »

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RRBI

Red River Bancshares

$49.95

(0.00%)

16:19
05/21/19
05/21
16:19
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16:19
Initiation
Red River Bancshares initiated  »

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TRNS

Transcat

$24.25

0.13 (0.54%)

16:17
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Transcat sees FY20 CapEx $7.8M-$9.2M »

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AYR

Aircastle

$20.03

0.275 (1.39%)

16:17
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Aircastle raises repurchase program up to $100M from $76M »

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OOMA

Ooma

$14.49

-0.45 (-3.01%)

16:17
05/21/19
05/21
16:17
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16:17
Earnings
Ooma sees Q2 EPS (7c) to (5c), consensus (4c) »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
05/21/19
05/21
16:17
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16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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TRNS

Transcat

$24.25

0.13 (0.54%)

16:16
05/21/19
05/21
16:16
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16:16
Earnings
Transcat reports Q4 EPS 35c, consensus 29c »

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RDNT

RadNet

$13.62

0.37 (2.79%)

16:16
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RadNet officer John Crues sells 20K shares of company stock »

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PRSP

Perspecta

$22.33

0.36 (1.64%)

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Perspecta increases quarterly dividend 20% »

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LIQT

LiqTech

$9.29

-0.21 (-2.21%)

16:16
05/21/19
05/21
16:16
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16:16
Syndicate
LiqTech files to sell common stock, no amount given »

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LIQT

LiqTech

$9.29

-0.21 (-2.21%)

16:16
05/21/19
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16:16
Syndicate
LiqTech files to sell common stock, no amount given »

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OOMA

Ooma

$14.49

-0.45 (-3.01%)

16:16
05/21/19
05/21
16:16
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16:16
Earnings
Ooma reports Q EPS (4c), consensus (5c) »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
05/21/19
05/21
16:16
05/21/19
16:16
Technical Analysis
NYSE market internals summary »

Volume was below average…

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LFUS

Littelfuse

$170.78

1.7 (1.01%)

16:15
05/21/19
05/21
16:15
05/21/19
16:15
Initiation
Littelfuse initiated  »

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  • 23

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LUV

Southwest

$53.37

1.37 (2.63%)

16:15
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16:15
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Southwest says new AMFA contract 'benefits all parties' »

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URBN

Urban Outfitters

$27.01

0.05 (0.19%)

16:13
05/21/19
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Earnings
Urban Outfitters reports Q1 EPS 31c, consensus 25c »

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SMTC

Semtech

$44.66

0.28 (0.63%)

16:12
05/21/19
05/21
16:12
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16:12
Initiation
Semtech initiated  »

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