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VZ

Verizon

$50.72

-0.42 (-0.82%)

13:02
07/19/18
07/19
13:02
07/19/18
13:02

Verizon, unions agree to extend 2016 contract, Fortune reports

Verizon and its biggest unions agreed to extend its 2016 contract covering roughly 34,000 employees for another four years, Fortune reports. The move could prevent potentially contentious negotiations next year, the report says. The Communications Workers of America and the International Brotherhood of Electrical Workers agreed to additional wage boosts totaling 11% over the extra four years, while keeping job protection provisions included in the previous contract, the report says. "This is a home run for our workers," Dennis Trainor, vice president of CWA's District One, told Fortune. "We felt we had a very successful 2016 contract after the strike." Reference Link

  • 09

    Aug

VZ Verizon
$50.72

-0.42 (-0.82%)

06/21/18
06/21/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. PayPal (PYPL) upgraded to Overweight from Neutral at Atlantic Equities with analyst Kunaal Malde saying he believes the company's differentiated checkout experience should enable the company to continue taking share. 2. Verizon (VZ) and Charter (CHTR) were upgraded to Buy from Neutral at Goldman Sachs. 3. Terex (TEX) upgraded to Buy from Hold at Jefferies with analyst Stephen Volkmann saying Terex has underperformed both the S&P 500 Index and machinery peers year-to-date despite improving backlog and visibility into 2019. 4. AMC Entertainment (AMC) upgraded to Buy from Hold at Benchmark with analyst Mike Hickey saying he believes the company's new movie subscription service will succeed in driving incremental attendance and EBITDA. 5. Becton Dickinson (BDX) upgraded to Overweight from Neutral at JPMorgan with analyst Robbie Marcus saying he sees a "clear path" for Becton to exceed expectations for the second half of 2018 and fiscal 2019 now that the Bard acquisition is two quarters in. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/18
FBCO
07/10/18
INITIATION
Target $58
FBCO
Outperform
Verizon initiated with an Outperform at Credit Suisse
Credit Suisse analyst Doug Mitchelson initiated Verizon with an Outperform and $58 price target.
07/10/18
FBCO
07/10/18
INITIATION
Target $58
FBCO
Outperform
Verizon initiated with an Outperform at Credit Suisse
As reported earlier, Credit Suisse analyst Douglas Mitchelson initiated Verizon with an Outperform rating and a price target of $58. The analyst notes that wireless competition has likely stabilized and revenue is returning to sustainable near-term growth. Mitchelson also sees Verizon having invested sufficiently for the development of 5G technology, which "at a minimum" will not be a share loss event over the next few years. The analyst further states that Verizon should also benefit from its "major $10B cost savings plan, stable capex spending, record low churn, and the benefit of tax reform".
07/11/18
07/11/18
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. MCDONALD'S CUT TO NEUTRAL: Cleveland Research analyst Steven Gojak downgraded McDonald's (MCD) to Neutral from Buy after his industry checks led him to believe that its comparable sale results in the second half will trend more in-line with consensus expectations. Gojak, who is still modeling Q2 U.S. comp sales growth of 3.7% for McDonald's, which is above the 3.1% consensus growth view, lowered his 2018 U.S. comp estimate to 3.2% from 3.4%, compared to the consensus of 3.1% growth. McDonald's is down 1% in midday trading. NOMURA INITIATES INTERNET SECTOR: Nomura Instinet initiated coverage on the Americas Internet sector. Nomura Instinet initiated Alphabet Class A (GOOGL), Facebook (FB), and Spotify (SPOT) with Buy ratings, and added that Alphabet and Facebook were the best positioned in this newly regulated industry. It initiated Twitter (TWTR) with a Reduce rating, saying that while it is a "stable long-term asset that has something for everyone," the firm believes the market is pricing in "a significant advertising reacceleration that implies a shift in ad spend," while the firm expects "stability instead of a reacceleration of growth." CREDIT SUISSE POSITIVE ON VERIZON, NEGATIVE ON AT&T: Credit Suisse analyst Douglas Mitchelson initiated Verizon (VZ) with an Outperform rating and a price target of $58. The analyst believes Verizon should benefit from its "major $10B cost savings plan, stable capex spending, record low churn, and the benefit of tax reform." Mitchelson also initiated AT&T (T) with an Underperform rating and a price target of $29. Mitchelson said that AT&T will require greater scale and a shift to global direct-to-consumer distribution, stating that the elevated execution risk under its ownership structure and its wireless business look mature with little chance for stabilization in spite of the coming 5G technology. DISNEY VALUATION NOT COMPELLING: Credit Suisse analyst Douglas Mitchelson initiated Disney (DIS) with a Neutral rating and a price target of $114. The analyst noted that the company is "the best positioned traditional media company", but believes the Street has not sufficiently discounted the costs associated with Disney's push into direct-to-consumer streaming services, adding that FY19 will be extra challenging because of high film comps and major theme park project launches.

TODAY'S FREE FLY STORIES

EPE

EP Energy

$0.16

(0.00%)

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TMUS

T-Mobile

$76.07

-0.28 (-0.37%)

, NFLX

Netflix

$352.23

-7.47 (-2.08%)

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TMUS

T-Mobile

$76.07

-0.28 (-0.37%)

NFLX

Netflix

$352.23

-7.47 (-2.08%)

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HOPE

Hope Bancorp

$13.23

-0.5 (-3.64%)

18:06
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Hope Bancorp names Kevin S. Kim chairman of the board »

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CTL

CenturyLink

$9.66

-0.29 (-2.91%)

18:06
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Hot Stocks
CenturyLink CEO buys 50K shares of common stock »

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EXR

Extra Space Storage

$106.85

0.59 (0.56%)

18:00
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Extra Space Storage raises quarterly dividend by 4.7% to 90c per share »

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HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

17:58
05/23/19
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17:58
Hot Stocks
HP Inc. says continue to expect FY19 free cash flow of at least $3.7B »

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HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

17:57
05/23/19
05/23
17:57
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17:57
Hot Stocks
HP Inc CFO sees FY19 tax rate of about 19% »

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BA

Boeing

$350.57

-1.93 (-0.55%)

17:56
05/23/19
05/23
17:56
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17:56
Periodicals
FAA tells U.N. it sees 737 MAX approval as soon as late June, Reuters says »

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BA

Boeing

$350.57

-1.93 (-0.55%)

, UAL

United Continental

$80.91

-0.94 (-1.15%)

17:52
05/23/19
05/23
17:52
05/23/19
17:52
Periodicals
Airlines see 737 MAX needing 100-150 hours of preparation, Reuters says »

Officials from three U.S.…

BA

Boeing

$350.57

-1.93 (-0.55%)

UAL

United Continental

$80.91

-0.94 (-1.15%)

AAL

American Airlines

$29.49

-0.43 (-1.44%)

LUV

Southwest

$50.97

-1.6 (-3.04%)

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HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

17:50
05/23/19
05/23
17:50
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17:50
Hot Stocks
HP Inc CFO says continued to 'outperform PC market and gain profitable share' »

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  • 23

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TCCO

Technical Comm Corp

$3.48

(0.00%)

17:48
05/23/19
05/23
17:48
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17:48
Hot Stocks
Technical Comm Corp receives compliance and plan acceptance notices from Nasdaq »

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HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

17:42
05/23/19
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17:42
Hot Stocks
HP Inc. says PC growth across industry was subdued this quarter »

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RST

Rosetta Stone

$24.93

1.135 (4.77%)

17:38
05/23/19
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17:38
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17:38
Hot Stocks
Rosetta Stone officer Sonia Galindo sells over $107K in company shares »

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CCF

Chase Corporation

$100.72

0.32 (0.32%)

17:32
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Hot Stocks
Chase Corporation chairman sells 2K shares of common stock »

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RNR

RenaissanceRe

$170.85

-0.34 (-0.20%)

17:24
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Syndicate
Breaking Syndicate news story on RenaissanceRe »

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RTIX

RTI Surgical

$4.40

-0.08 (-1.79%)

17:21
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17:21
Syndicate
Breaking Syndicate news story on RTI Surgical »

RTI Surgical files to…

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  • 28

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DXC

DXC Technology

$52.00

-2.5 (-4.59%)

17:21
05/23/19
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17:21
Earnings
DXC Technology sees FY20 adjusted EPS $7.75-$8.50, consensus $9.21 »

Sees FY20 revenue…

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  • 23

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RTIX

RTI Surgical

$4.40

-0.08 (-1.79%)

17:19
05/23/19
05/23
17:19
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17:19
Syndicate
Breaking Syndicate news story on RTI Surgical »

RTI Surgical files $100M…

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  • 28

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RTN

Raytheon

$179.79

-1.01 (-0.56%)

17:15
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Hot Stocks
Raytheon awarded $355.49M Navy contract for AGM-88B missiles »

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  • 30

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DVAX

Dynavax

$6.36

(0.00%)

17:15
05/23/19
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17:15
Hot Stocks
Breaking Hot Stocks news story on Dynavax 

Dynavax trading resumes

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COST

Costco

$248.62

-0.93 (-0.37%)

17:11
05/23/19
05/23
17:11
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17:11
Recommendations
Costco analyst commentary  »

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  • 30

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MYND

MYnd Analytics

$1.16

0.14 (13.73%)

17:06
05/23/19
05/23
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17:06
Hot Stocks
MYnd Analytics director John Pappajohn purchases 200K shares of company stock »

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CBOE

Cboe Global Markets

$106.40

-1.45 (-1.34%)

17:05
05/23/19
05/23
17:05
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17:05
Hot Stocks
Cboe Global Markets EVP Harkins sells 4.3K shares of common stock »

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MGNX

MacroGenics

$18.64

0.18 (0.98%)

16:56
05/23/19
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Hot Stocks
Integrated Core Strategies reports 5.7% passive stake in MacroGenics »

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  • 31

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IMRN

Immuron

$4.90

(0.00%)

16:49
05/23/19
05/23
16:49
05/23/19
16:49
Syndicate
Immuron announces offering to sell ADSs »

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