Breaking News Instant updates and real-time market news.

BABA

Alibaba

$187.21

-0.14 (-0.07%)

, TCEHY

Tencent

$0.00

(0.00%)

12:40
07/21/18
07/21
12:40
07/21/18
12:40

Alibaba, Tencent in talks to buy stake in WPP's Chinese unit, Reuters says

Alibaba (BABA) and Tencent (TCEHY) are involved in talks to buy a minority stake in WPP's (WPP) Chinese unit, according to Reuters, citing Sky News. Companies are said to be in early stage discussions about buying about 20% of WPP China in a deal that would value the business between $2B-$2.5B, the report adds.Reference Link

BABA

Alibaba

$187.21

-0.14 (-0.07%)

TCEHY

Tencent

$0.00

(0.00%)

WPP

WPP

$76.08

1.52 (2.04%)

  • 10

    Sep

BABA Alibaba
$187.21

-0.14 (-0.07%)

07/06/18
SUSQ
07/06/18
NO CHANGE
Target $305
SUSQ
Positive
Alibaba's secular momentum remains strong, says Susquehanna
Susquehanna analyst Shyam Patil said secular momentum remains strong for Alibaba and he sees several years of strong growth ahead. The analyst continues to view the company as a China e-commerce category killer and sees limited downside as multiples are toward the lower end of the historical range. Patil reiterated his Positive rating and $305 price target on Alibaba shares.
07/06/18
BARD
07/06/18
NO CHANGE
Target $220
BARD
Outperform
Alibaba weakness a buying opportunity, says Baird
Baird analyst Colin Sebastian said the recent weakness in Alibaba is a buying opportunity despite mixed near-term trends. He noted recent data suggests a slight moderation in growth, but he believes several tailwinds, such as the World Cup, will provide a tailwind. He also sees catalysts from further "new retail" and "new logistics" expansion as well as a spotlight on the cloud opportunity. Sebastian reiterated his Outperform rating and $220 price target on Alibaba shares.
07/06/18
RHCO
07/06/18
NO CHANGE
Target $215
RHCO
Buy
Alibaba price target lowered to $215 from $235 at SunTrust
SunTrust analyst Youssel Squali lowered his price target on Alibaba to $215, citing the impact of later than expected closing for Ele.me, whose $9.5B acquisition was announced in early April. The analyst is also tempering his expectations for growth in the Cloud segment while noting the adverse impact of the recent USD strength relative to the Renminbi. Longer term, Squali keeps his Buy rating on Alibaba, pointing to "exciting initiatives" around Ant Financial's new funding at $150B, exclusive online broadcasting rights of the World Cup, and promising initiatives around enterprise and voice.
07/09/18
DADA
07/09/18
NO CHANGE
Target $8
DADA
Buy
Groupon offers 'tremendous value' in potential sale, says DA Davidson
DA Davidson analyst Tom Forte kept his Buy rating and $8 price target on Groupon following speculation by Recode over the weekend that the company is looking to sell itself. Forte recommends that investors purchase shares, stating that the market is underpricing Groupon as its "North American business has never been in better shape and its international operations are well positioned". In a bull case, the analyst contends that Groupon could be worth $12 per share if it can improve its growth rate or find a strategic buyer where a deal would value the two companies higher than the sum of their parts. Forte speculates about Priceline (PCLN), Alibaba (BABA), Google (GOOGL), and Facebook (FB) as potential acquirers for Groupon.
TCEHY Tencent
$0.00

(0.00%)

05/16/18
BNCH
05/16/18
NO CHANGE
Target $19
BNCH
Buy
Vipshop price target lowered to $19 from $24 at Benchmark
Benchmark analyst Fawne Jiang lowered her price target on Vipshop shares to $19 from $24 to reflect a more gradual revenue contribution from the company's partnership with Tencent (TCEHY)and JD.com (JD). Along with the company's Q1 report, Vipshop noted the trial-and-error process and natural learning curve of working with new platforms, leading to its soft Q2 guidance and reservations regarding an accelerated partnership ramp-up, noted Jiang, who keeps a Buy rating on Vipshop shares.
06/13/18
NEED
06/13/18
INITIATION
Target $41
NEED
Buy
HUYA initiated with a Buy at Needham
Needham analyst Jinjin Qian initiated HUYA (HUYA) with a Buy rating and a price target of $41, citing the company's platform as a leader in live game streaming in China with 92.9M monthly active users. The analyst also points to "strong secular trends" in e-sports and live streaming, along with its close ties with YY (YY) and Tencent (TCEHY), supporting the company's position. Jinjin Qian calls HUYA a "solid" investment based on its "strong user metrics and scalable business model".
05/16/18
05/16/18
DOWNGRADE

Sector Weight
Vipshop downgraded to Sector Weight at KeyBanc
As previously reported, KeyBanc analyst Hans Chung downgraded Vipshop (VIPS) to Sector Weight from Overweight as he sees uncertainties around Tencent (TCEHY) and JD.com (JD) contributions ahead, which drove high expectations for the top-line growth and multiple expansion, and sees margin pressure likely to continue driven by sector competition and the company's hike in marketing expenses to grow new customer organically.
06/19/18
WELS
06/19/18
NO CHANGE
Target $53
WELS
Outperform
JD.com price target raised to $53 from $47 at Wells Fargo
Wells Fargo analyst Ken Sena raised his price target for JD.com (JD) to $53 from $47 after the company and Google (GOOG; GOOGL) announced that the latter will invest $550M in cash in JD.com as part of a strategic partnership. The analyst believes this partnership adds to JD's strong list of existing data and strategic partnerships with Tencent (TCEHY), Walmart (WMT), Baidu (BIDU), Qihoo 360 and Vipshop (VIPS). Sena reiterates an Outperform rating on JD.com shares.
WPP WPP
$76.08

1.52 (2.04%)

04/03/18
PIVT
04/03/18
NO CHANGE
PIVT
Pivotal Research adjusts targets on ad agencies ahead of earnings
Pivotal Research analyst Brian Wieser adjusted his price targets on ad agency holding companies ahead of earnings, maintaining Hold ratings on Interpublic Group (IPG), Omnicom (OMC), Publicis (PUBGY) and a Buy rating on WPP (WPP). He trimmed his target on Interpublic to $25 from $26, lowered his target on Omnicom to $72 from $75, cut Publicis' target to EUR60 from EUR64 and lowered his target on WPP to 1330p from 1420p.
06/19/18
MOFT
06/19/18
INITIATION
MOFT
Neutral
WPP initiated with a Neutral at MoffettNathanson
06/05/18
BREN
06/05/18
DOWNGRADE
BREN
Sell
WPP downgraded to Sell from Hold at Berenberg
Berenberg analyst Alastair Reid downgraded WPP to Sell and lowered his price target for the shares to 1,075p from 1,275p. The company's operational performance in Q1 is below peers, especially in North America, Reid tells investors in a research note. The analyst expects WPP's situation to get worse before improving amidst the management change.
06/04/18
PIVT
06/04/18
DOWNGRADE
PIVT
Hold
WPP downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded WPP to Hold from Buy following the stock's recent move above his prior price target of 1330p. He maintains a positive long-term view on WPP, but thinks downside risks will remain top-of-mind for investors in the near-term. Wieser lowered his price target on WPP shares to 1230p from 1330p.

TODAY'S FREE FLY STORIES

11:12
03/20/19
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Conference/Events
JPMorgan healthcare tech analyst to hold an analyst/industry conference call »

Healthcare Technology…

CGC

Canopy Growth

$47.83

1.75 (3.80%)

11:05
03/20/19
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11:05
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11:05
Options
Canopy Growth call volume above normal and directionally bullish »

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F

Ford

$8.51

-0.195 (-2.24%)

11:03
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Hot Stocks
Ford to invest over $850M to expand EV production capacity at Michigan plant »

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CMTL

Comtech

$21.65

-0.33 (-1.50%)

11:01
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11:01
Hot Stocks
Comtech receives $2.2M contract for Midia gas development project in Romania »

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F

Ford

$8.50

-0.205 (-2.36%)

11:01
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Hot Stocks
Breaking Hot Stocks news story on Ford »

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T

AT&T

$30.47

-0.23 (-0.75%)

10:55
03/20/19
03/20
10:55
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10:55
Conference/Events
Economic Club of Washington, D.C. to hold luncheon meeting »

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GOOG

Alphabet

$1,206.02

6.31 (0.53%)

, GOOGL

Alphabet Class A

$1,209.61

6.48 (0.54%)

10:53
03/20/19
03/20
10:53
03/20/19
10:53
Periodicals
Supreme Court orders new look at $8.5M Google settlement, Bloomberg says »

The U.S. Supreme Court…

GOOG

Alphabet

$1,206.02

6.31 (0.53%)

GOOGL

Alphabet Class A

$1,209.61

6.48 (0.54%)

03/08/13
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    Oct

BFRA

Biofrontera

$11.88

(0.00%)

10:52
03/20/19
03/20
10:52
03/20/19
10:52
Hot Stocks
Biofrontera says Ameluz Phase 3 study met primary regulatory endpoint »

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QCOM

Qualcomm

$56.86

-0.1 (-0.18%)

10:50
03/20/19
03/20
10:50
03/20/19
10:50
Options
Aggressive call buyers in Qualcomm »

Aggressive call buyers in…

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  • 01

    May

CYTK

Cytokinetics

$9.80

1.24 (14.49%)

10:47
03/20/19
03/20
10:47
03/20/19
10:47
Recommendations
Cytokinetics analyst commentary  »

Cytokinetics price target…

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TIGR

UP Fintech

$0.00

(0.00%)

10:43
03/20/19
03/20
10:43
03/20/19
10:43
Syndicate
Breaking Syndicate news story on UP Fintech »

UP Fintech opens at…

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  • 20

    Mar

MNST

Monster Beverage

$56.91

-0.96 (-1.66%)

, FDX

FedEx

$171.66

-9.84 (-5.42%)

10:42
03/20/19
03/20
10:42
03/20/19
10:42
On The Fly
Monster, FedEx, Teradata downgrades among today's top analyst calls »

Check out today's top…

MNST

Monster Beverage

$56.91

-0.96 (-1.66%)

FDX

FedEx

$171.66

-9.84 (-5.42%)

NVRO

Nevro

$60.20

15.44 (34.50%)

TDC

Teradata

$45.50

-2.83 (-5.86%)

LYFT

Lyft

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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NVRO

Nevro

$60.27

15.51 (34.65%)

10:40
03/20/19
03/20
10:40
03/20/19
10:40
On The Fly
Nevro jumps over 30% after appointing new 'turnaround CEO' »

Shares of Nevro (NVRO)…

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  • 20

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VNQ

Vanguard REIT Index Fund

$84.62

-0.46 (-0.54%)

10:40
03/20/19
03/20
10:40
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10:40
Options
Size put spread in Vanguard Real Estate ETF rolls a defensive position »

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10:40
03/20/19
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10:40
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10:40
General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

UBER

Uber

$0.00

(0.00%)

10:39
03/20/19
03/20
10:39
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10:39
Hot Stocks
Uber Freight launching in Europe »

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TIGR

UP Fintech

$0.00

(0.00%)

10:33
03/20/19
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10:33
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10:33
Syndicate
Breaking Syndicate news story on UP Fintech »

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  • 20

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10:32
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10:32
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General news
Crude inventories for week of March 15 »

Crude oil inventories…

CAG

Conagra Brands

$22.68

-0.13 (-0.57%)

10:30
03/20/19
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10:30
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10:30
Options
Impressive call buy in Conagra longer-term contracts ahead of earnings »

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  • 21

    Mar

TIGR

UP Fintech

$0.00

(0.00%)

10:28
03/20/19
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10:28
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10:28
Syndicate
Breaking Syndicate news story on UP Fintech »

UP Fintech indicated to…

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  • 20

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F

Ford

$8.52

-0.19 (-2.18%)

10:25
03/20/19
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Options
Ford call volume above normal and directionally bullish »

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10:25
03/20/19
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General news
U.S. equities rolled over into the red »

U.S. equities rolled over…

10:25
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10:25
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Conference/Events
UBS alternative energy analyst to hold an analyst/industry conference call »

Alternative Energy…

AIG

AIG

$43.84

-0.04 (-0.09%)

10:22
03/20/19
03/20
10:22
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Hot Stocks
VALIC rebrands to AIG Retirement Services »

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  • 27

    Mar

TIGR

UP Fintech

$0.00

(0.00%)

10:20
03/20/19
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10:20
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Syndicate
UP Fintech indicated to open at $8.60, IPO priced at $8.00 »

UP Fintech (TIGR) priced…

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  • 20

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