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GCI

Gannett

$10.11

-0.16 (-1.56%)

06:57
08/09/18
08/09
06:57
08/09/18
06:57

Gannett reports Q2 adjusted EPS 31c, consensus 21c

Reports Q2 operating revenue $730.8M, consensus $740.1M.

  • 09

    Aug

GCI Gannett
$10.11

-0.16 (-1.56%)

07/06/18
JPMS
07/06/18
DOWNGRADE
Target $10
JPMS
Underweight
Gannett downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Alexia Quadrani downgraded Gannett to Underweight with a $10 price target. The analyst expects ongoing secular concerns in the print marketplace to bring further volatility.
07/06/18
JPMS
07/06/18
DOWNGRADE
Target $10
JPMS
Underweight
JPMorgan downgrades Gannett to Underweight on secular print concerns
JPMorgan analyst Alexia Quadrani downgraded Gannett to Underweight from Neutral with an unchanged price target of $10, implying 8% downside from current share levels. Shares have been relatively stable despite ongoing concerns regarding print circulation and advertising trends, Quadrani tells investors in a research note. The analyst, however, remains concerned about the outlook for both print circulation and advertising in an environment with rising newsprint costs. She thinks Gannett's print business will continue to weigh on growth, leading to declines in both revenue and EBITDA in fiscal 2018. As such, Quadrani believes the stock will remain an underperformer.
07/06/18
07/06/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Arbutus Biopharma (ABUS) downgraded to Neutral from Buy at B. Riley FBR with analyst Madhu Kumar citing valuation following the stock's recent rally. 2. Gannett (GCI) downgraded to Underweight from Neutral at JPMorgan with analyst Alexia Quadrani saying she expects ongoing secular concerns in the print marketplace to bring further volatility. 3. L'Oreal (LRLCY) downgraded to Hold from Buy at Deutsche Bank with analyst Eva Quiroga stating that following the stock's outperformance, she sees "limited incremental upside at best" from current share levels. 4. Carnival (CCL) downgraded to Hold from Buy at Argus with analyst John Staszak saying the company is faced with near-term challenges such as more difficult prior-year comparisons, soft advance bookings, higher fuel costs, and adverse FX rates. 5. Preferred Bank (PFBC) downgraded to Equal Weight from Overweight at Stephens with analyst Tyler Stafford citing valuation, noting that the stock now trades in-line with its peer group. 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

DE

Deere

$150.80

-2.02 (-1.32%)

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BSX

Boston Scientific

$38.14

0.38 (1.01%)

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SNE

Sony

$57.01

-0.025 (-0.04%)

, NTDOY

Nintendo

$0.00

(0.00%)

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SNE

Sony

$57.01

-0.025 (-0.04%)

NTDOY

Nintendo

$0.00

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AMRN

Amarin

$9.95

6.95 (231.67%)

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RAD

Rite Aid

$1.24

-0.025 (-1.98%)

11:40
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Options
10K Rite Aid Jan 1 puts trade for 9c on ISE »

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  • 27

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JPM

JPMorgan

$117.18

-0.66 (-0.56%)

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MDT

Medtronic

$98.36

0.51 (0.52%)

11:36
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  • 24

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Oil Action: NYMEX crude »

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3-Month Bill Auction Total Amount data reported »

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ERIC

Ericsson

$8.91

0.12 (1.37%)

11:32
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AZN

AstraZeneca

$37.76

0.075 (0.20%)

11:30
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GE

General Electric

$11.67

-0.505 (-4.15%)

11:30
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Flurry of activity in GE calls as shares fall to multi-year lows »

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  • 25

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NWL

Newell Brands

$20.22

-1.61 (-7.38%)

, SHLD

Sears

$1.17

-0.115 (-8.95%)

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NWL

Newell Brands

$20.22

-1.61 (-7.38%)

SHLD

Sears

$1.17

-0.115 (-8.95%)

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FIT

Fitbit

$5.68

-0.265 (-4.46%)

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Fitbit call volume above normal and directionally bullish »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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AAPL

Apple

$218.75

1.1 (0.51%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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BBY

Best Buy

$80.08

-0.56 (-0.69%)

11:15
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09/24
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11:15
Options
Best Buy put volume heavy and directionally bearish »

Bearish flow noted in…

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