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TMUS

T-Mobile

$66.32

4.77 (7.75%)

, S

Sprint

$6.18

0.56 (9.96%)

07:08
08/07/18
08/07
07:08
08/07/18
07:08

Citi credit sees 80% chance of T-Mobile, Sprint merger approval

Citi credit analyst David Phipps believes T-Mobile (TMUS) and Sprint (S) have an 80% chance of winning approval for their proposed merger. The market regularly puts merger approval odds at 50/50, Phipps tells investors in a fixed income research note. The analyst remains bullish on Sprint credit.

TMUS

T-Mobile

$66.32

4.77 (7.75%)

S

Sprint

$6.18

0.56 (9.96%)

  • 07

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    Aug

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    Aug

TMUS T-Mobile
$66.32

4.77 (7.75%)

06/27/18
WELS
06/27/18
UPGRADE
WELS
Outperform
T-Mobile upgraded to Outperform from Market Perform at Wells Fargo
06/28/18
06/28/18
UPGRADE
Target $77

Outperform
T-Mobile upgraded to Outperform at Wells Fargo
As previously reported, Wells Fargo analyst Jennifer Fritzsche upgraded T-Mobile (TMUS) to Outperform from Market Perform and raised her price target on the shares to $77 from $65. Recent conversations with some of his DC contacts have made him more optimistic that a deal to merge with Sprint (S) could be approved. In either scenario, however, the analyst believes T-Mobile's valuation is "quite compelling" at current levels and sees 30% upside with or without Sprint.
06/28/18
06/28/18
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. Air Transport Services (ATSG) upgraded to Buy from Hold at Stifel with analyst David Ross saying shares are attractive at current levels given long-term growth prospects. 2. T-Mobile (TMUS) upgraded to Outperform from Market Perform at Wells Fargo with analyst Jennifer Fritzsche stating that recent conversations with some of his DC contacts have made him more optimistic that a deal to merge with Sprint (S) could be approved. 3. Talend (TLND) upgraded to Buy from Neutral at with analyst Tyler Radke saying a survey of Chief Data Officers shows "strong spending signals" while the company's competitive backdrop is favorable amid "increasing cloud tailwinds". 4. Regions Financial (RF) upgraded to Neutral from Underperform at Baird with analyst David George citing the recent pullback, which he thinks has made the valuation more reasonable. 5. Twilio (TWLO) upgraded to Buy from Hold at Argus with analyst Jim Kelleher saying the pullback in the stock price has created a more favorable entry point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
S Sprint
$6.18

0.56 (9.96%)

06/19/18
DBAB
06/19/18
UPGRADE
Target $56
DBAB
Buy
Deutsche sees 23% total return potential in Verizon, upgrades shares to Buy
Deutsche Bank analyst Matthew Niknam upgraded Verizon Communications (VZ) to Buy from Hold with an unchanged price target of $56. The stock closed yesterday down 59c to $47.46. Following a heightened wave of aggressive competitive activity in recent years, wireless fundamentals are "meaningfully improving," Niknam tells investors in a research note. Industry pricing has stabilized, competitive intensity has moderated, and the industry's two biggest disruptors, T-Mobile (TMUS) and Sprint (S), have announced plans to merge, the analyst contends. He expects Verizon's Q2 results to reflect a return to normalized service revenue growth year-over-year for the first time since late 2014. The analyst also sees "upside optionality" for Verizon shares from 5G and Oath. Despite inflecting fundamentals and this optionality, Verizon continues to trade at a discounted valuation, Niknam says. He sees 18% upside from current share levels along with a 5% dividend yield, representing total return potential of 23%.
06/27/18
LEHM
06/27/18
INITIATION
Target $74
LEHM
Overweight
T-Mobile initiated with an Overweight at Barclays
Barclays analyst Amir Rozwadowski reinstated coverage of T-Mobile (TMUS) with an Overweight rating and $74 price target, telling investors in a research note that while it is difficult to gauge the outcome of the regulatory approval process for the deal between the company and Sprint (S), he thinks T-Mobile's improving cash generation capabilities provide a number of options for investor value creation with or without a deal. The analyst considers T-Mobile the better risk/reward opportunity at current levels.
06/27/18
LEHM
06/27/18
INITIATION
Target $6
LEHM
Equal Weight
Sprint initiated with an Equal Weight at Barclays
Barclays analyst Amir Rozwadowski reinstated coverage of Sprint (S) with an Equal Weight rating and $6 price target, telling investors that while shares should benefit if the proposed deal with T-Mobile (TMUS) is approved, the company's balance sheet and acknowledged need to ramp network investments could strain its financial and competitive flexibility should a deal not come to fruition. Ultimately, Sprint's valuation could see additional pressure if compelled to remain a standalone company, the analyst contends.

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General news
Kudlow says Navarro 'very badly misspoke' on Wall St., China comments »

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10:48
11/13/18
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Periodicals
Kudlow says Navarro not speaking for administration on Wall St. comments »

Director of the National…

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$272.01

-0.58 (-0.21%)

10:47
11/13/18
11/13
10:47
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10:47
General news
Kudlow says Navarro comments on Wall Street 'way off base' »

Director of the National…

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S&P 500

$0.00

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$272.01

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S&P 500

$0.00

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, SPY

SPDR S&P 500 ETF Trust

$272.04

-0.55 (-0.20%)

10:45
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General news
Kudlow says talks with China will be part of G-20 meeting »

Director of the National…

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S&P 500

$0.00

(0.00%)

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$272.04

-0.55 (-0.20%)

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10:45
11/13/18
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General news
Oil Action: WTI crude »

Oil Action: WTI crude has…

FPRX

Five Prime

$11.46

0.25 (2.23%)

10:45
11/13/18
11/13
10:45
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10:45
Conference/Events
Five Prime has a conference call hosted by JPMoegan »

JPMorgan Analyst Joseph…

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M

Macy's

$36.80

-0.24 (-0.65%)

, TGT

Target

$85.22

-0.22 (-0.26%)

10:44
11/13/18
11/13
10:44
11/13/18
10:44
Earnings
Fly Intel: What to watch in Macy's earnings report »

Macy's (M) is…

M

Macy's

$36.80

-0.24 (-0.65%)

TGT

Target

$85.22

-0.22 (-0.26%)

WMT

Walmart

$102.90

-0.98 (-0.94%)

AMZN

Amazon.com

$1,627.98

-8.72 (-0.53%)

FB

Facebook

$142.10

0.58 (0.41%)

03/08/13
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SPX

S&P 500

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SPDR S&P 500 ETF Trust

$272.04

-0.55 (-0.20%)

10:44
11/13/18
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10:44
11/13/18
10:44
General news
Kudlow says 'all levels' of government in talks with China on trade »

Director of the National…

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10:43
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General news
Kudlow says talking with China again on trade a plus »

Director of the National…

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$272.22

-0.37 (-0.14%)

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General news
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Director of the National…

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TRIP

TripAdvisor

$62.53

-0.12 (-0.19%)

10:41
11/13/18
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Technical Analysis
Technical Take: TripAdvisor spikes to highs of the day »

Price was last at $63.45,…

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GE

General Electric

$8.20

0.22 (2.76%)

, BHGE

Baker Hughes

$23.92

0.29 (1.23%)

10:40
11/13/18
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10:40
Hot Stocks
Breaking Hot Stocks news story on General Electric, Baker Hughes »

General Electric shares…

GE

General Electric

$8.20

0.22 (2.76%)

BHGE

Baker Hughes

$23.92

0.29 (1.23%)

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BK

BNY Mellon

$48.39

0.41 (0.85%)

10:40
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SPY

SPDR S&P 500 ETF Trust

$272.86

0.27 (0.10%)

, SPX

S&P 500

$0.00

(0.00%)

10:36
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Trump considering replacements for chief of staff, DHS secretary, ABC News says »

President Donald Trump is…

SPY

SPDR S&P 500 ETF Trust

$272.86

0.27 (0.10%)

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AERI

Aerie Pharmaceuticals

$43.97

-0.66 (-1.48%)

, SWI

SolarWinds

$14.94

0.19 (1.29%)

10:35
11/13/18
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10:35
11/13/18
10:35
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…

AERI

Aerie Pharmaceuticals

$43.97

-0.66 (-1.48%)

SWI

SolarWinds

$14.94

0.19 (1.29%)

PHAS

PhaseBio

$5.03

(0.00%)

LOGC

LogicBio Therapeutics

$13.87

(0.00%)

CREE

Cree

$42.80

1.27 (3.06%)

03/08/13
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LITE

Lumentum

$40.92

3.415 (9.11%)

, BBY

Best Buy

$67.28

0.14 (0.21%)

10:35
11/13/18
11/13
10:35
11/13/18
10:35
Downgrade
On The Fly: Top five analyst downgrades »

Catch up on today's…

LITE

Lumentum

$40.92

3.415 (9.11%)

BBY

Best Buy

$67.28

0.14 (0.21%)

PRGO

Perrigo

$65.43

-0.11 (-0.17%)

SBRA

Sabra Health Care

$20.84

-0.28 (-1.33%)

INFN

Infinera

$4.40

-0.15 (-3.30%)

03/08/13
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VERI

Veritone

$6.78

-0.11 (-1.60%)

, NVDA

Nvidia

$196.71

7.34 (3.88%)

10:35
11/13/18
11/13
10:35
11/13/18
10:35
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…

VERI

Veritone

$6.78

-0.11 (-1.60%)

NVDA

Nvidia

$196.71

7.34 (3.88%)

XLNX

Xilinx

$84.02

1.69 (2.05%)

KOP

Koppers Holdings

$21.08

0.88 (4.36%)

SWN

Southwestern Energy

$6.08

0.28 (4.83%)

SAIL

SailPoint

$25.16

0.86 (3.54%)

03/08/13
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  • 13

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10:35
11/13/18
11/13
10:35
11/13/18
10:35
General news
Treasury Action: yields remained pinned lower »

Treasury Action: yields…

10:35
11/13/18
11/13
10:35
11/13/18
10:35
General news
U.S. Retail Sales Face Upside Risks in October: »

U.S. Retail Sales Face…

CBTX

CBTX

$33.14

(0.00%)

10:33
11/13/18
11/13
10:33
11/13/18
10:33
Conference/Events
CBTX management to meet with Stephens »

Group Luncheon Meeting to…

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