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ZNGA

Zynga

$3.75

0.01 (0.27%)

, DIS

Disney

$112.38

0.39 (0.35%)

17:30
08/21/18
08/21
17:30
08/21/18
17:30

Zynga reaches multi-year pact with Disney to developy mobile 'Star Wars' game

Zynga (ZNGA) announced a multi-year licensing agreement with Disney (DIS) to develop and publish a new mobile game, with the option for a second game, that "brings to life the universe of 'Star Wars' for players around the world." As a part of the agreement, Zynga will also assume operation of the live service of "Star Wars : Commander," a free-to-play real-time strategy game developed by Disney that was launched in 2014.

ZNGA

Zynga

$3.75

0.01 (0.27%)

DIS

Disney

$112.38

0.39 (0.35%)

  • 06

    Sep

ZNGA Zynga
$3.75

0.01 (0.27%)

05/31/18
BNCH
05/31/18
NO CHANGE
Target $5
BNCH
Buy
Zynga price target raised to $5 after Gram Games deal at Benchmark
Benchmark analyst Mike Hickey raised his price target on Zynga to $5 from $4.36 and reiterated his Buy rating after the company announced the acquisition of mobile game developer Gram Games. He contends the "swimmingly boring" deal should drive considerable EBITDA growth while leveraging Zynga's strength in established genres. Hickey also believes this and other potential M&A along with new game launches should help drive bookings growth and continued EBITDA acceleration.
08/01/18
BARD
08/01/18
NO CHANGE
Target $4
BARD
Neutral
Zynga Q2 results roughly in line, says Baird
Baird analyst Colin Sebastian kept his Neutral rating and $4 price target on Zynga after its Q2 results. The analyst notes that the 12% rise in bookings to $233.9M was above consensus of $230.4M thanks to continued growth in Mobile, while adjusted EBITDA of $43.6M was above consensus of about $40M. Sebastian adds that Zynga's "mobile momentum of forever franchises continues to increase, while cost efficiencies drive significant margin improvements" for the company.
08/09/18
LEHM
08/09/18
INITIATION
Target $3.7
LEHM
Underweight
Barclays starts Zynga with Underweight rating, $3.70 price target
Barclays analyst Ryan Gee initiated coverage of Zynga with an Underweight rating and $3.70 price target. At 13 times 2019 EBITDA expectations, the stock already reflects solid future execution, Gee tells investors in a research note. He believes that for Zynga to sustain its "premium" multiple, the company must further close the "wide margin gap" relative to peers by accelerating bookings or greatly rationalizing operating expenditures. Much of the "easy" work to grow margins has already happened, Gee contends. He sees more upside elsewhere in the Internet/Gaming group.
08/09/18
08/09/18
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Pacific Biosciences (PACB) initiated with an Overweight at Cantor Fitzgerald by analyst Jordan Abrams, who thinks Pacific's long-read next generation sequencing platform is the industry standard for deep genomic analysis in human, plant, and animal genomes, as well as RNA. 2. Heico (HEI) initiated with a Neutral at Baird. 3. Zynga (ZNGA) initiated with an Underweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
DIS Disney
$112.38

0.39 (0.35%)

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.
07/20/18
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.
08/08/18
JEFF
08/08/18
NO CHANGE
Target $112
JEFF
Hold
Disney quarter better than headlines suggest, says Jefferies
Jefferies analyst John Janedis says that while not as good as hoped, Disney's Q3 results are better than the headlines suggest. The he narrative around direct-to-consumer remains positive even with the launch still over 12 months away, Janedis tells investors in a research note. He believes there was probably enough in the quarter to keep Disney shares from moving meaningfully lower. However, the analyst does not expect upwards earnings revisions in the near-term. Janedis keeps a Hold rating on Disney with a $112 price target.
08/08/18
BMOC
08/08/18
NO CHANGE
Target $110
BMOC
Market Perform
Disney price target raised to $110 from $100 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Disney (DIS) to $110 after its Q3 results, saying the company offered some positive updates on its direct-to-consumer products which "could be bundled together eventually". The analyst adds that the stock could continue to drift higher if its 21st Century Fox (FOXA) deal remains on track, but prefers a neutral stance, citing the halted buyback program and potential volatility in the TV/film licensing revenue. Salmon also believes that Disney's Consumer Licensing and Retail segments face headwinds.

TODAY'S FREE FLY STORIES

FCX

Freeport McMoRan

$14.38

-0.22 (-1.51%)

11:05
09/24/18
09/24
11:05
09/24/18
11:05
Options
Freeport McMoRan call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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11:05
09/24/18
09/24
11:05
09/24/18
11:05
General news
4-Week Bill Announcement Offering Amount data reported »

4-Week Bill Announcement…

MCD

McDonald's

$163.93

-0.23 (-0.14%)

11:02
09/24/18
09/24
11:02
09/24/18
11:02
Hot Stocks
McDonald's International Lead Markets & Chief Restaurant Officer Goare to retire »

McDonald's announced…

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  • 24

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.57

-1.46 (-0.50%)

11:01
09/24/18
09/24
11:01
09/24/18
11:01
Periodicals
White House accepts Rod Rosenstein's resignation, Bloomberg reports »

Following an Axios report…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.57

-1.46 (-0.50%)

03/08/13
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11:00
09/24/18
09/24
11:00
09/24/18
11:00
General news
FX Action: USD-JPY »

FX Action: USD-JPY…

NTR

Nutrien

$57.09

-0.15 (-0.26%)

10:58
09/24/18
09/24
10:58
09/24/18
10:58
Hot Stocks
Nutrien announces Jochen Tilk will step down as Executive Chair »

Nutrien announced that…

03/08/13
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  • 13

    Nov

NTNX

Nutanix

$43.00

-3.55 (-7.63%)

, MSFT

Microsoft

$113.86

-0.84 (-0.73%)

10:56
09/24/18
09/24
10:56
09/24/18
10:56
Downgrade
Nutanix, Microsoft, VMware rating change  »

Nutanix downgraded to…

NTNX

Nutanix

$43.00

-3.55 (-7.63%)

MSFT

Microsoft

$113.86

-0.84 (-0.73%)

VMW

VMware

$153.86

1.86 (1.22%)

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

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  • 24

    Sep

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  • 10

    Oct

  • 11

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  • 16

    Oct

  • 21

    Oct

  • 22

    Oct

  • 24

    Oct

  • 25

    Oct

  • 28

    Oct

  • 29

    Oct

  • 28

    Nov

  • 06

    Dec

  • 10

    Dec

  • 03

    Mar

IONS

Ionis Pharmaceuticals

$50.45

1.34 (2.73%)

, ALNY

Alnylam

$92.42

-2.17 (-2.29%)

10:56
09/24/18
09/24
10:56
09/24/18
10:56
Recommendations
Ionis Pharmaceuticals, Alnylam analyst commentary  »

Ionis platelet issue now…

IONS

Ionis Pharmaceuticals

$50.45

1.34 (2.73%)

ALNY

Alnylam

$92.42

-2.17 (-2.29%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 01

    Oct

  • 06

    Oct

  • 27

    Nov

10:55
09/24/18
09/24
10:55
09/24/18
10:55
General news
Treasury Action: yields reverted lower »

Treasury Action: yields…

TRU

TransUnion

$74.19

-0.11 (-0.15%)

10:50
09/24/18
09/24
10:50
09/24/18
10:50
Options
Notable call write in TransUnion »

Notable call write in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Sep

  • 26

    Sep

  • 21

    Oct

  • 23

    Oct

10:50
09/24/18
09/24
10:50
09/24/18
10:50
General news
U.S. Dallas Fed manufacturing index dropped 2.8 points to 28.1 in September »

U.S. Dallas Fed…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.74

-1.29 (-0.44%)

10:46
09/24/18
09/24
10:46
09/24/18
10:46
Technical Analysis
Technical Take: SPDR S&P 500 ETF nears session lows »

The SPDR S&P 500 ETF…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.74

-1.29 (-0.44%)

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

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P

Pandora

$9.43

0.35 (3.85%)

, SIRI

Sirius XM

$6.55

-0.425 (-6.10%)

10:45
09/24/18
09/24
10:45
09/24/18
10:45
Downgrade
Pandora, Sirius XM rating change  »

Pandora downgraded to…

P

Pandora

$9.43

0.35 (3.85%)

SIRI

Sirius XM

$6.55

-0.425 (-6.10%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 24

    Sep

  • 27

    Sep

10:45
09/24/18
09/24
10:45
09/24/18
10:45
General news
Breaking General news story  »

4-Week Bill Announcement…

NBIX

Neurocrine

$121.55

1.7 (1.42%)

10:45
09/24/18
09/24
10:45
09/24/18
10:45
Conference/Events
Neurocrine has a conference call hosted by JPMorgan »

JPMorgan Analyst Rama…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 24

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$291.02

-1.01 (-0.35%)

10:40
09/24/18
09/24
10:40
09/24/18
10:40
Periodicals
Deputy AG Rod Rosenstein verbally resigns to John Kelly, Axios reports »

Deputy Attorney General…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$291.02

-1.01 (-0.35%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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CLF

Cleveland-Cliffs

$12.47

0.31 (2.55%)

10:40
09/24/18
09/24
10:40
09/24/18
10:40
Options
Cleveland Cliffs calls active as shares move to 52-week highs »

Cleveland Cliffs calls…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Oct

AMEH

Apollo Medical

$17.73

1.11 (6.68%)

10:39
09/24/18
09/24
10:39
09/24/18
10:39
Hot Stocks
Breaking Hot Stocks news story on Apollo Medical »

Apollo Medical Holdings…

03/08/13
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03/06/13
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03/06/13
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10:37
09/24/18
09/24
10:37
09/24/18
10:37
General news
Dallas Fed Mfg Survey General Activity Index data reported »

September Dallas Fed Mfg…

AMEH

Apollo Medical

$17.73

1.11 (6.68%)

10:34
09/24/18
09/24
10:34
09/24/18
10:34
Hot Stocks
Breaking Hot Stocks news story on Apollo Medical »

Apollo Medical Holdings…

03/08/13
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03/06/13
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CZR

Caesars

$10.53

-0.25 (-2.32%)

10:30
09/24/18
09/24
10:30
09/24/18
10:30
Recommendations
Caesars analyst commentary  »

Caesars defended at…

03/08/13
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03/06/13
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03/06/13
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USO

United States Oil Fund

$15.20

0.25 (1.67%)

10:30
09/24/18
09/24
10:30
09/24/18
10:30
Options
30K US Oil Fund Oct 14 - 15 call spreads trade at 74c »

30K US Oil Fund Oct 14 -…

03/08/13
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03/06/13
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03/06/13
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JD

JD.com

$25.38

-1.1 (-4.15%)

10:25
09/24/18
09/24
10:25
09/24/18
10:25
Hot Stocks
JD.com drops as new WeChat messages emerge following CEO's rape accusations »

Shares of JD.com (JD)…

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ALXN

Alexion

$126.66

4.69 (3.85%)

10:24
09/24/18
09/24
10:24
09/24/18
10:24
Recommendations
Alexion analyst commentary  »

Piper 'incrementally…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

    Sep

  • 18

    Feb

CMCSA

Comcast

$34.93

-2.98 (-7.86%)

, DIS

Disney

$112.80

2.08 (1.88%)

10:22
09/24/18
09/24
10:22
09/24/18
10:22
Hot Stocks
Comcast slides after topping Disney in bid to buy Sky »

Shares of Comcast (CMCSA)…

CMCSA

Comcast

$34.93

-2.98 (-7.86%)

DIS

Disney

$112.80

2.08 (1.88%)

CMCSK

Comcast

$0.00

(0.00%)

FOXA

21st Century Fox

$44.63

0.3 (0.68%)

SKYAY

Sky

$0.00

(0.00%)

FOX

21st Century Fox

$44.24

0.27 (0.61%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 24

    Sep

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