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DISCA

Discovery

$26.92

-0.14 (-0.52%)

09:04
08/07/18
08/07
09:04
08/07/18
09:04

Discovery says sees FY18 free cash flow approximately $2.3B

Sees FY18 OEBITDA growth in mid single-digits.

  • 07

    Aug

  • 09

    Aug

DISCA Discovery
$26.92

-0.14 (-0.52%)

07/03/18
IMPC
07/03/18
NO CHANGE
Target $32
IMPC
Outperform
Discovery will not bid for Fox regional sports networks, says Imperial Capital
Imperial Capital analyst David Miller says Discovery (DISCA) is seeing "unnecessary selling pressure" on media reports that the company is a potential bidder for the Fox regional sports networks, which Disney (DIS), through its pending acquisition of the entertainment assets of 21st Century Fox (FOXA), will have to divest, as per the Department of Justice decree. The analyst believes potential bidders for these assets will include Charter (CHTR), Liberty Media (LMCA), Altice (ATUS), and various private equity entities, but not Discovery. Discovery is fully occupied with the integration of Scripps Networks, the sale of its headquarters building in Bethesda, Maryland, as well as ratings issues at its core Discovery Channel, Miller tells investors in a research note. Further, he notes that Discovery already pledged $2B in additional sports rights to broadcast various PGA Tour events via its networks outside of the U.S. through 2030. As such, the analyst thinks the recent pullback has created an "attractive opportunity to either establish new positions, or for existing holders to lower their bases." Miller keeps an Outperform rating on Discovery with a $32 price target.
07/10/18
FBCO
07/10/18
INITIATION
Target $30
FBCO
Neutral
Discovery initiated with a Neutral at Credit Suisse
Credit Suisse analyst Douglas Mitchelson initiated Discovery with a Neutral rating and a price target of $30. The analyst notes that while the company has "excellent brands and management", its scale is lacking to compete against against large distributors as its pay TV profits pale compared to streaming. The analyst adds that it is unlikely for potential acquirers to appear and pursue Discovery's non-fiction programming assets.
07/19/18
GSCO
07/19/18
UPGRADE
Target $33
GSCO
Conviction Buy
Discovery upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman Sachs analyst Drew Borst added Discovery to his firm's Americas Conviction List, while maintaining a Buy rating on the shares, with 24% upside to his $33 12-month price target. Discovery's acquisition of Scripps creates "meaningful" cost and revenue synergy opportunities, Borst tells investors in a research note. The analyst views Discovery's carriage on Sling TV, a successful advertising upfront, and positive earnings revisions as near-term catalysts for the shares.
07/19/18
07/19/18
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. Square (SQ) upgraded to Outperform from Neutral at Credit Suisse WITH analyst Paul Condra saying he believes its growing product eco-system is increasing its ability to penetrate larger merchants, positive data points on Cash-App adoption validate Square's two-sided platform strategy to grow both merchant and consumer use-cases, and growth investing should support strong revenue trends driving upside to revenue forecasts in the out-years. 2. Discovery (DISCA) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Drew Borst saying Discovery's acquisition of Scripps creates "meaningful" cost and revenue synergy opportunities. 3. Grainger (GWW) upgraded to Neutral from Sell at UBS with analyst Steven Winoker saying the company's strategic initiatives, including its pricing reset and e-commerce platform development, reposition it to gain market share through 2019. 4. Hilton (HLT) upgraded to Buy from Hold at Berenberg. 5. United Continental (UAL) upgraded to Outperform from Neutral at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ASIX

AdvanSix

$25.55

-0.8 (-3.04%)

06:48
06/24/19
06/24
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AdvanSix sees $7M-$12M unfavorable impact in Q3 due to PA refinery fire »

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KGC

Kinross Gold

$3.80

-0.02 (-0.52%)

06:43
06/24/19
06/24
06:43
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06:43
Conference/Events
Kinross Gold management to meet with TD Securities »

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ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

, CZR

Caesars

$9.99

-0.05 (-0.50%)

06:42
06/24/19
06/24
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06:42
Hot Stocks
Eldorado Resorts sees $500M of synergies following Caesars acquisition »

Eldorado (ERI) management…

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

CZR

Caesars

$9.99

-0.05 (-0.50%)

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  • 24

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KEM

Kemet

$18.07

-0.06 (-0.33%)

06:39
06/24/19
06/24
06:39
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06:39
Conference/Events
Kemet management to meet with SunTrust »

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IIPR

Innovative Industrial Properties

$117.57

-17.13 (-12.72%)

06:37
06/24/19
06/24
06:37
06/24/19
06:37
Conference/Events
Innovative Industrial Properties management to meet with BTIG »

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  • 26

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CZR

Caesars

$9.99

-0.05 (-0.50%)

, ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

06:35
06/24/19
06/24
06:35
06/24/19
06:35
Hot Stocks
Breaking Hot Stocks news story on Caesars, Eldorado Resorts »

Caesars up 16% to $11.60…

CZR

Caesars

$9.99

-0.05 (-0.50%)

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

03/08/13
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  • 24

    Jun

DNKN

Dunkin' Brands

$79.54

-0.4 (-0.50%)

06:33
06/24/19
06/24
06:33
06/24/19
06:33
Upgrade
Dunkin' Brands rating change  »

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  • 09

    Jul

VICI

VICI Properties

$22.80

-0.24 (-1.04%)

06:32
06/24/19
06/24
06:32
06/24/19
06:32
Syndicate
VICI Properties files to sell 90M shares of common stock »

BofA Merrill Lynch,…

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SOL

ReneSola

$1.28

(0.00%)

06:31
06/24/19
06/24
06:31
06/24/19
06:31
Hot Stocks
ReneSola, X-Elio North America to develop solar projects in North America »

ReneSola announced that…

03/08/13
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  • 27

    Jun

HLT

Hilton

$96.12

-0.75 (-0.77%)

06:29
06/24/19
06/24
06:29
06/24/19
06:29
Conference/Events
Hilton management to meet with UBS »

Meeting to be held in…

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  • 26

    Jun

CNCE

Concert Pharmaceuticals

$10.90

-0.165 (-1.49%)

06:27
06/24/19
06/24
06:27
06/24/19
06:27
Initiation
Concert Pharmaceuticals initiated  »

Concert Pharmaceuticals…

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  • 24

    Jun

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    Jun

HIW

Highwoods Properties

$43.46

-0.71 (-1.61%)

06:26
06/24/19
06/24
06:26
06/24/19
06:26
Conference/Events
Highwoods Properties management to meet with Morgan Stanley »

Meeting to be held in New…

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  • 26

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  • 23

    Oct

EA

Electronic Arts

$95.32

2.15 (2.31%)

, TTWO

Take-Two

$112.63

1.08 (0.97%)

06:26
06/24/19
06/24
06:26
06/24/19
06:26
Recommendations
Electronic Arts, Take-Two analyst commentary  »

Stephens switches best…

EA

Electronic Arts

$95.32

2.15 (2.31%)

TTWO

Take-Two

$112.63

1.08 (0.97%)

03/08/13
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  • 13

    Nov

WTRH

Waitr Holdings

$5.49

-0.49 (-8.19%)

06:23
06/24/19
06/24
06:23
06/24/19
06:23
Initiation
Waitr Holdings initiated  »

Waitr Holdings initiated…

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  • 13

    Nov

TPC

Tutor Perini

$13.25

0.06 (0.45%)

06:22
06/24/19
06/24
06:22
06/24/19
06:22
Hot Stocks
Tutor Perini unit awarded $122M contract by Guam Waterworks Authority »

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SFM

Sprouts Farmers Market

$18.87

-0.65 (-3.33%)

06:21
06/24/19
06/24
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06:21
Upgrade
Sprouts Farmers Market rating change  »

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  • 13

    Nov

MESO

Mesoblast

$4.67

-0.02 (-0.43%)

06:20
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Hot Stocks
Mesoblast: FDA grants rexlemestrocel-L Orphan Drug Designation »

Mesoblast announced that…

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RCII

Rent-A-Center

$24.18

-0.95 (-3.78%)

, AAN

Aaron's

$61.29

-0.09 (-0.15%)

06:19
06/24/19
06/24
06:19
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06:19
Upgrade
Rent-A-Center, Aaron's, Curo Group, FlexShopper rating change  »

Rent-A-Center upgraded to…

RCII

Rent-A-Center

$24.18

-0.95 (-3.78%)

AAN

Aaron's

$61.29

-0.09 (-0.15%)

CURO

Curo Group

$10.10

0.015 (0.15%)

FPAY

FlexShopper

$1.11

(0.00%)

03/08/13
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03/06/13
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  • 13

    Nov

TPC

Tutor Perini

$13.25

0.06 (0.45%)

06:19
06/24/19
06/24
06:19
06/24/19
06:19
Hot Stocks
Tutor Perini unit awarded $200M contract in the Bay Area »

Tutor Perini announced…

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EBF

Ennis

$19.16

-0.13 (-0.67%)

06:18
06/24/19
06/24
06:18
06/24/19
06:18
Earnings
Ennis reports Q1 EPS 37c, consensus 33c »

Reports Q1 revenue $108M,…

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  • 18

    Jul

FTNT

Fortinet

$76.12

-0.82 (-1.07%)

06:17
06/24/19
06/24
06:17
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06:17
Upgrade
Fortinet rating change  »

Fortinet upgraded to…

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  • 16

    Jul

  • 17

    Jul

MSFT

Microsoft

$136.94

0.09 (0.07%)

, WORK

Slack Technologies

$36.80

-1.89 (-4.89%)

06:16
06/24/19
06/24
06:16
06/24/19
06:16
Periodicals
Microsoft bans employees from using Slack, GeekWire reports »

Microsoft (MSFT) does not…

MSFT

Microsoft

$136.94

0.09 (0.07%)

WORK

Slack Technologies

$36.80

-1.89 (-4.89%)

03/08/13
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03/06/13
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  • 09

    Jul

  • 10

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  • 06

    Aug

VICI

VICI Properties

$22.80

-0.24 (-1.04%)

, ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

06:15
06/24/19
06/24
06:15
06/24/19
06:15
Hot Stocks
VICI Properties enters partnership with Eldorado Resorts »

VICI Properties (VICI)…

VICI

VICI Properties

$22.80

-0.24 (-1.04%)

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

CZR

Caesars

$9.99

-0.05 (-0.50%)

03/08/13
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03/06/13
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03/06/13
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  • 24

    Jun

AGCO

Agco

$74.71

-0.53 (-0.70%)

06:15
06/24/19
06/24
06:15
06/24/19
06:15
Upgrade
Agco rating change  »

Agco upgraded to Buy from…

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03/08/13
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  • 24

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  • 26

    Jun

DE

Deere

$164.29

1.49 (0.92%)

06:15
06/24/19
06/24
06:15
06/24/19
06:15
Upgrade
Deere rating change  »

Deere upgraded to Buy…

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03/08/13
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  • 10

    Jul

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    Jul

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