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CAR

Avis Budget

$32.32

0.34 (1.06%)

, AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

09:04
07/19/18
07/19
09:04
07/19/18
09:04

Avis Budget Group introduces benefits for Amazon customers

Avis Budget Group (CAR) introduced plans to reward Amazon (AMZN) customers with special perks when they rent a car through Avis. Beginning today, Amazon customers who book an Avis vehicle can save money on their rental and receive an Amazon.com Gift Card valued at 10% of their rental price. Later this month, those who book an Avis vehicle using the Avis skill for Amazon Alexa will receive an Amazon.com Gift Card valued at 20%. Gift card value is based on a rental's time and mileage. Applicable to Avis rentals in the United States, with the expectation to launch in other key markets.

CAR

Avis Budget

$32.32

0.34 (1.06%)

AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

  • 26

    Jul

  • 08

    Aug

  • 16

    Aug

CAR Avis Budget
$32.32

0.34 (1.06%)

06/26/18
MSCO
06/26/18
INITIATION
Target $30
MSCO
Underweight
Avis Budget resumed with an Underweight at Morgan Stanley
Morgan Stanley analyst Adam Jonas resumed coverage of Avis Budget (CAR) with an Underweight rating and $30 price target, as he believes the company, and the U.S. car rental industry, may have a hard time raising prices sufficiently to offset rising vehicle depreciation costs. Both Avis and Hertz (HTZ) are "heavily dependent" on the used car market and credit environment, said Jonas, who also reiterated an Underweight rating on Hertz, though he increased his price target on its shares to $15 from $13.
04/11/18
04/11/18
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. Avis Budget (CAR) downgraded to Neutral from Buy at Northcoast with analyst John Healy citing valuation. 2. Affiliated Managers (AMG) downgraded to Market Perform at Keefe Bruyette. 3. Valero (VLO) and PBF Energy (PBF) were downgraded to Sector Perform from Outperform at Scotia Howard Weil. 4. Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Melissa Franchi saying she favors security vendors who are exposed to markets where the cloud drives higher security spending and have optimal business models for the cloud. 5. Mitel (MITL) downgraded to Sector Perform from Outperform at National Bank with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/18
04/11/18
DOWNGRADE
Target $49

Neutral
Avis Budget downgraded to Neutral on valuation at Northcoast
As previously reported, Northcoast downgraded Avid Budget Group to Neutral from Buy. Analyst John Healy cites valuation for the change and maintained a $49 price target on Avis shares.
04/11/18
NRCS
04/11/18
DOWNGRADE
NRCS
Neutral
Avis Budget downgraded to Neutral from Buy at Northcoast
AMZN Amazon.com
$1,842.36

-1.64 (-0.09%)

07/19/18
PIPR
07/19/18
NO CHANGE
PIPR
Amazon switching fears 'overblown as suspected,' says Piper Jaffray
After yesterday's market close, it was reported and confirmed by Amazon (AMZN) and Cisco Systems (CSCO) that Amazon is not entering the network switching market as speculated on July 13, Piper Jaffray analyst James Fish tells investors in a research note titled "Fake News! Amazon Switching Fears Were Overblown As Suspected." The confirmation by Amazon removes the potential shadow of Amazon on the space, making Q3 earnings more about the fundamentals than "competitive hype," Fish writes. He notes that shares of Cisco, Arista Networks (ANET) and Juniper Networks (JNPR) are higher following the news. The analyst continues to recommend Cisco and Arista as his top networking picks.
07/19/18
JPMS
07/19/18
NO CHANGE
Target $1900
JPMS
Overweight
JPMorgan continues to like Amazon shares into Q2 results
JPMorgan analyst Doug Anmuth continues to like shares of Amazon.com (AMZN) into the company's Q2 results on July 26. Amazon remains one of the analyst's top picks, along with Facebook (FB) and Twitter (TWTR), and is on his firm's Analyst Focus List. Anmuth says that even with Amazon shares at all-time highs, he likes the stock into earnings as company fundamentals and industry trends "remain strong." He believes there is upside potential to consensus Q2 and Q3 revenue estimates, while profit expectations "remain in check" with less downside risk to numbers than in prior quarters. Anmuth has an Overweight rating on Amazon with a $1,900 price target.
07/19/18
RHCO
07/19/18
UPGRADE
Target $27
RHCO
Buy
Lionsgate upgraded to Buy at SunTrust on stronger Starz slate
As reported earlier, SunTrust analyst Matthew Thornton upgraded Lionsgate (LGF.B) to Buy from Hold, citing expectations of a stronger content slate at Starz driving the higher subscriber count while also increasing its distribution, with the addition of Amazon (AMZN) UK/Germany, YouTube (GOOGL) TV USA, Hulu TV USA, and Bell Canada. The analyst also anticipates higher subs count amid abating Starz MVPD headwinds from international expansion and secular growth in OTT. Thornton lowers his price target to $27 from $31, but notes that his target multiple assumption and OIBDA forecast for FY19 and FY20 are largely unchanged.
07/18/18
JPMS
07/18/18
NO CHANGE
Target $185
JPMS
Neutral
Intuit transition to AWS accelerating, says JPMorgan
JPMorgan analyst Sterling Auty says that with this morning's sale of its largest data center, Intuit is signaling a faster transition to the public cloud than previously discussed. TurboTax online users were entirely on Amazon Web Services (AMZN) by the end of the tax season, and now this transition "opens the door" to move all Quickbooks Online customers to the public cloud as well, Auty tells investors in a research note. He keeps a Neutral rating on Intuit shares with a $185 price target.

TODAY'S FREE FLY STORIES

SAIL

SailPoint

$24.30

-1.24 (-4.86%)

20:39
11/12/18
11/12
20:39
11/12/18
20:39
Upgrade
SailPoint rating change  »

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ALB

Albemarle

$98.05

-4.35 (-4.25%)

20:32
11/12/18
11/12
20:32
11/12/18
20:32
Periodicals
Breaking Periodicals news story on Albemarle »

Albemarle request for…

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  • 15

    Nov

KORS

Michael Kors

$47.75

-0.04 (-0.08%)

20:30
11/12/18
11/12
20:30
11/12/18
20:30
Initiation
Michael Kors initiated  »

Michael Kors initiated…

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  • 13

    Nov

TPR

Tapestry

$41.28

-0.71 (-1.69%)

20:29
11/12/18
11/12
20:29
11/12/18
20:29
Initiation
Tapestry initiated  »

Tapestry initiated with a…

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  • 19

    Nov

AMZN

Amazon.com

$1,636.70

-75.73 (-4.42%)

20:26
11/12/18
11/12
20:26
11/12/18
20:26
Hot Stocks
Amazon.com launches 2nd GovCloud region in the U.S. »

Amazon Web Services…

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  • 14

    Nov

  • 28

    Nov

  • 04

    Dec

FHN

First Horizon

$16.09

-0.22 (-1.35%)

20:08
11/12/18
11/12
20:08
11/12/18
20:08
Upgrade
First Horizon rating change  »

First Horizon upgraded to…

03/08/13
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03/06/13
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TI

Telecom Italia

$6.01

0.09 (1.52%)

20:04
11/12/18
11/12
20:04
11/12/18
20:04
Periodicals
Telecom Italia board to meet on Tuesday to consider CEO ouster, Bloomberg says »

The board of Telecom…

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CVX

Chevron

$117.47

-2.065 (-1.73%)

, COP

ConocoPhillips

$65.20

-1.54 (-2.31%)

19:58
11/12/18
11/12
19:58
11/12/18
19:58
Periodicals
Exxon Mobil, Chevron, Conoco considering bid for Endeavor Energy, Bloomberg says »

Chevron (CVX_, Exxon…

CVX

Chevron

$117.47

-2.065 (-1.73%)

COP

ConocoPhillips

$65.20

-1.54 (-2.31%)

XOM

Exxon Mobil

$79.87

-1.01 (-1.25%)

RDS.A

Royal Dutch Shell

$62.16

-0.84 (-1.33%)

03/08/13
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  • 12

    Nov

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    Nov

ATTO

Atento

$5.96

0.075 (1.28%)

19:00
11/12/18
11/12
19:00
11/12/18
19:00
Earnings
Atento reports Q3 recurring EPS 25c, consensus 20c »

Reports Q3 revenue…

03/08/13
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  • 13

    Nov

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    Nov

VKTX

Viking Therapeutics

$11.73

-0.605 (-4.91%)

18:57
11/12/18
11/12
18:57
11/12/18
18:57
Hot Stocks
Viking Therapeutics says VK2809 study achieves primary, secondary endpoints »

Viking Therapeutics…

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  • 13

    Nov

KEX

Kirby

$74.20

-1.83 (-2.41%)

18:31
11/12/18
11/12
18:31
11/12/18
18:31
Hot Stocks
Kirby to acquire CGBM's inland tank barge fleet, terms not disclosed »

Kirby announced the…

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  • 20

    Nov

HUYA

Huya

$18.50

-0.5 (-2.63%)

, MFIN

Medallion Financial

$6.80

-0.23 (-3.27%)

18:31
11/12/18
11/12
18:31
11/12/18
18:31
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Huya…

HUYA

Huya

$18.50

-0.5 (-2.63%)

MFIN

Medallion Financial

$6.80

-0.23 (-3.27%)

EB

Eventbrite

$30.90

-1.6 (-4.92%)

YRD

Yirendai

$15.47

-1.75 (-10.16%)

KRNT

Kornit Digital

$19.15

-0.88 (-4.39%)

MHLD

Maiden Holdings

$2.40

-1.12 (-31.82%)

SAGE

Sage Therapeutics

$121.50

-9.46 (-7.22%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 12

    Nov

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  • 12

    Nov

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    Nov

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    Nov

  • 14

    Nov

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    Nov

  • 19

    Dec

OMAB

OMA Airports

$40.18

0.41 (1.03%)

18:18
11/12/18
11/12
18:18
11/12/18
18:18
Hot Stocks
OMA Airports names Ricardo Duenas as new CEO »

The board of OMA approved…

03/08/13
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TEUM

Pareteum

$2.13

-0.09 (-4.05%)

, IPAS

iPass

$1.14

(0.00%)

18:03
11/12/18
11/12
18:03
11/12/18
18:03
Hot Stocks
Pareteum to acquire iPass in all-stock transaction »

Pareteum (TEUM) and iPass…

TEUM

Pareteum

$2.13

-0.09 (-4.05%)

IPAS

iPass

$1.14

(0.00%)

03/08/13
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03/06/13
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  • 14

    Nov

  • 15

    Nov

NINE

Nine Energy Services

$33.58

-1.6 (-4.55%)

18:01
11/12/18
11/12
18:01
11/12/18
18:01
Earnings
Nine Energy Service reports Q3 EPS 56c, consensus 56c »

Reports Q3 revenue…

03/08/13
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  • 13

    Nov

TEUM

Pareteum

$2.13

-0.09 (-4.05%)

, IPAS

iPass

$1.14

(0.00%)

18:00
11/12/18
11/12
18:00
11/12/18
18:00
Hot Stocks
Breaking Hot Stocks news story on Pareteum, iPass »

Pareteum to acquire iPass…

TEUM

Pareteum

$2.13

-0.09 (-4.05%)

IPAS

iPass

$1.14

(0.00%)

03/08/13
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03/06/13
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03/06/13
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  • 14

    Nov

  • 15

    Nov

BMWYY

BMW

$0.00

(0.00%)

17:57
11/12/18
11/12
17:57
11/12/18
17:57
Periodicals
BMW in talks to sell branded credit-card unit, Bloomberg says »

BMW is held talks with…

03/08/13
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NVDA

Nvidia

$189.37

-16.25 (-7.90%)

17:54
11/12/18
11/12
17:54
11/12/18
17:54
Hot Stocks
Nvidia reports record adoption of new Turing T4 GPU »

Nvidia announced that the…

03/08/13
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  • 15

    Nov

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    Nov

  • 10

    Dec

GLD

SPDR Gold Trust

$113.66

-0.82 (-0.72%)

17:51
11/12/18
11/12
17:51
11/12/18
17:51
Hot Stocks
SPDR Gold Trust holdings rise to 762.00MT from 755.23MT »

This is the highest level…

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TSLA

Tesla

$331.15

-19.54 (-5.57%)

17:45
11/12/18
11/12
17:45
11/12/18
17:45
Periodicals
Tesla legal executive with regulatory experience leaving, Bloomberg says »

Amid a recent fraud…

03/08/13
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  • 14

    Nov

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  • 13

    Dec

HUYA

Huya

$18.50

-0.5 (-2.63%)

17:34
11/12/18
11/12
17:34
11/12/18
17:34
Hot Stocks
Huya reports Q3 average mobile MAUs 49.4M, up 28.2% from last year »

Q3 Average MAUs reached…

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  • 12

    Nov

VLKAY

Volkswagen

$0.00

(0.00%)

, DDAIF

Daimler AG

$0.00

(0.00%)

17:34
11/12/18
11/12
17:34
11/12/18
17:34
Periodicals
Trump close to auto tariffs in a move that may have 'massive' fallout, BI says »

According to Business…

VLKAY

Volkswagen

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$115.48

-1.83 (-1.56%)

F

Ford

$9.49

0.11 (1.17%)

HMC

Honda

$28.16

-0.34 (-1.19%)

GM

General Motors

$35.71

0.01 (0.03%)

FCAU

Fiat Chrysler

$15.78

-0.48 (-2.95%)

03/08/13
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  • 12

    Nov

  • 14

    Nov

  • 13

    Dec

MPVD

Mountain Province Diamonds

$1.42

-0.03 (-2.07%)

17:32
11/12/18
11/12
17:32
11/12/18
17:32
Earnings
Mountain Province Diamonds reports Q3 EPS 8c, one estimate 6c »

Reports Q3 revenue…

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  • 13

    Nov

HUYA

Huya

$18.50

-0.5 (-2.63%)

17:32
11/12/18
11/12
17:32
11/12/18
17:32
Earnings
Breaking Earnings news story on Huya »

Huya sees Q4 revenue up…

03/08/13
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  • 12

    Nov

YY

YY

$61.39

-3.34 (-5.16%)

17:32
11/12/18
11/12
17:32
11/12/18
17:32
Earnings
Breaking Earnings news story on YY »

YY sees Q4 revenue growtn…

03/08/13
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03/06/13
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03/06/13
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