Breaking News Instant updates and real-time market news.

FOX

Fox Corp.

$44.53

-0.38 (-0.85%)

, FOXA

Fox Corp.

$44.80

-0.44 (-0.97%)

12:49
07/25/18
07/25
12:49
07/25/18
12:49

Fox's Murdoch, Disney's Iger to not attend shareholder votes, NY Times reports

21st Century Fox (FOXA) executive co-chairman Rupert Murdoch and Disney (DIS) CEO Robert Iger will not be in attendance at shareholder meetings that will hold a vote on whether the two media giants should merge, the New York Times reports. Murdoch and Iger have each opted to have lawyers run the separate meetings, the report says, citing three people briefed on the matter. Disney CFO Christine McCarthy and Fox CFO John P. Nallen are anticipated to participate in the meetings, the report says. Reference Link

FOX

Fox Corp.

$44.53

-0.38 (-0.85%)

FOXA

Fox Corp.

$44.80

-0.44 (-0.97%)

DIS

Disney

$109.92

-0.79 (-0.71%)

  • 27

    Jul

  • 27

    Jul

  • 07

    Aug

FOX Fox Corp.
$44.53

-0.38 (-0.85%)

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.
07/13/18
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.
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.
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.
FOXA Fox Corp.
$44.80

-0.44 (-0.97%)

07/20/18
JEFF
07/20/18
NO CHANGE
Target $41
JEFF
Buy
Comcast added to Franchise Pick List with $41 target at Jefferies
Jefferies analyst John Janedis added Comcast (CMCSA) to his firm's Franchise Pick List while keeping a Buy rating on the shares with a $41 price target. The analyst expects the "M&A driven volatility" to subside following Comcast's announcement to walk away from 21st Century Fox (FOXA). The stock remains attractively valued with the company's fundamentals "stable to improving," Janedis tells investors in a research note. He believes the outcome of Sky (SKYAY) "will not be a thesis changer" and that Comcast should see multiple expansion.
07/20/18
UBSW
07/20/18
DOWNGRADE
Target $50
UBSW
Neutral
21st Century Fox downgraded to Neutral from Buy at UBS
UBS analyst John Hodulik downgraded 21st Century Fox (FOXA) after Comcast (CMCSA) conceded to Disney (DIS) regarding an acquisition. Hodulik raised his price target to $50 from $48 on 21st Century Fox shares.
DIS Disney
$109.92

-0.79 (-0.71%)

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.
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".

TODAY'S FREE FLY STORIES

USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

06:55
07/17/19
07/17
06:55
07/17/19
06:55
Hot Stocks
U.S. Bancorp reports Q2 book value per common share $29.63 »

Compared to $27.02 a year…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

HTHT

Huazhu Group

$34.88

0.23 (0.66%)

06:54
07/17/19
07/17
06:54
07/17/19
06:54
Downgrade
Huazhu Group rating change  »

Huazhu Group downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BAC

Bank of America

$28.99

-0.23 (-0.79%)

06:54
07/17/19
07/17
06:54
07/17/19
06:54
Hot Stocks
Bank of America reports Q2 Investment Banking revenue $1.4B »

Reports Q1 Consumer…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

  • 06

    Aug

  • 06

    Sep

ARD

Ardagh Group

$18.37

0.32 (1.77%)

06:54
07/17/19
07/17
06:54
07/17/19
06:54
Downgrade
Ardagh Group rating change  »

Ardagh Group downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jul

USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

06:54
07/17/19
07/17
06:54
07/17/19
06:54
Hot Stocks
U.S. Bancorp CEO says '"We delivered strong results this quarter' »

Andy Cecere, Chairman,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

BAC

Bank of America

$28.99

-0.23 (-0.79%)

06:53
07/17/19
07/17
06:53
07/17/19
06:53
Hot Stocks
Breaking Hot Stocks news story on Bank of America »

Bank of America reports…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

  • 06

    Aug

  • 06

    Sep

USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

06:53
07/17/19
07/17
06:53
07/17/19
06:53
Hot Stocks
U.S. Bancorp reports Q2 return on average assets of 1.55% »

Reports Q2: Return on…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

BAC

Bank of America

$28.99

-0.23 (-0.79%)

06:52
07/17/19
07/17
06:52
07/17/19
06:52
Hot Stocks
Bank of America reports Q2 sales and trading revenue of $3.3B ex-DVA »

Reports sales and trading…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

  • 06

    Aug

  • 06

    Sep

USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

06:51
07/17/19
07/17
06:51
07/17/19
06:51
Hot Stocks
Breaking Hot Stocks news story on U.S. Bancorp »

U.S. Bancorp reports Q2…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

BAC

Bank of America

$28.99

-0.23 (-0.79%)

06:51
07/17/19
07/17
06:51
07/17/19
06:51
Hot Stocks
Breaking Hot Stocks news story on Bank of America »

BofA CEO sees steadily…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

  • 06

    Aug

  • 06

    Sep

USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

06:51
07/17/19
07/17
06:51
07/17/19
06:51
Earnings
U.S. Bancorp reports Q2 EPS $1.09, consensus $1.07 »

Reports Q2 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

BAC

Bank of America

$28.99

-0.23 (-0.79%)

06:51
07/17/19
07/17
06:51
07/17/19
06:51
Hot Stocks
Bank of America CEO says had best quarter, 1H of earnings in company's history »

Chairman and CEO Brian…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

  • 06

    Aug

  • 06

    Sep

BAC

Bank of America

$28.99

-0.23 (-0.79%)

06:50
07/17/19
07/17
06:50
07/17/19
06:50
Hot Stocks
Bank of America reports Q2 provision for credit losses $857M »

Reports Q2 net charge-off…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

  • 06

    Aug

  • 06

    Sep

MSI

Motorola Solutions

$171.51

-1.28 (-0.74%)

06:49
07/17/19
07/17
06:49
07/17/19
06:49
Downgrade
Motorola Solutions rating change  »

Motorola Solutions…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Dec

  • 19

    Dec

CVRS

Corindus

$2.65

-0.165 (-5.86%)

06:49
07/17/19
07/17
06:49
07/17/19
06:49
Hot Stocks
Corindus announces regulatory approval of CorPath GRX System »

Corindus announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ACRGF

Acreage Holdings

$0.00

(0.00%)

, CGC

Canopy Growth

$35.56

0.405 (1.15%)

06:48
07/17/19
07/17
06:48
07/17/19
06:48
Initiation
Acreage Holdings, Canopy Growth initiated  »

Acreage Holdings…

ACRGF

Acreage Holdings

$0.00

(0.00%)

CGC

Canopy Growth

$35.56

0.405 (1.15%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

MRK

Merck

$81.57

0.62 (0.77%)

06:48
07/17/19
07/17
06:48
07/17/19
06:48
Hot Stocks
Merck's Recabrio approved by FDA for urinary and abdominal infections »

Merck's Recabrio has…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 30

    Jul

  • 06

    Aug

  • 08

    Aug

  • 09

    Sep

  • 16

    Sep

  • 20

    Sep

  • 02

    Oct

BAC

Bank of America

$28.99

-0.23 (-0.79%)

06:48
07/17/19
07/17
06:48
07/17/19
06:48
Earnings
Bank of America reports Q2 EPS 74c, consensus 71c »

Reports Q2 revenue $23.1B…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

  • 06

    Aug

  • 06

    Sep

INO

Inovio

$3.00

0.05 (1.69%)

06:47
07/17/19
07/17
06:47
07/17/19
06:47
Conference/Events
Inovio to host corporate strategy update conference call »

Conference call will be…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

06:47
07/17/19
07/17
06:47
07/17/19
06:47
Earnings
Breaking Earnings news story on U.S. Bancorp »

U.S. Bancorp reports Q2…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

DGX

Quest Diagnostics

$101.46

0.32 (0.32%)

06:46
07/17/19
07/17
06:46
07/17/19
06:46
Hot Stocks
Quest Diagnostics enters partnership with Catholic Health Services »

Catholic Health Services,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

  • 09

    Sep

TLRY

Tilray

$44.35

0.15 (0.34%)

06:45
07/17/19
07/17
06:45
07/17/19
06:45
Initiation
Tilray initiated  »

Tilray initiated with a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

06:45
07/17/19
07/17
06:45
07/17/19
06:45
General news
Breaking General news story  »

Week of 7/12 MBA Mortgage…

ACB

Aurora Cannabis

$7.16

0.16 (2.29%)

06:44
07/17/19
07/17
06:44
07/17/19
06:44
Initiation
Aurora Cannabis initiated  »

Aurora Cannabis initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

PNC

PNC Financial

$138.66

-1.52 (-1.08%)

06:43
07/17/19
07/17
06:43
07/17/19
06:43
Earnings
PNC Financial reports Q2 EPS $2.88, consensus $2.82 »

Reports Q2 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jul

  • 17

    Jul

  • 16

    Oct

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.