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TCEHY

Tencent

$0.00

(0.00%)

, TSLA

Tesla

$311.85

-7.74 (-2.42%)

06:21
08/29/18
08/29
06:21
08/29/18
06:21

Tencent-backed EV maker seeks valuation over $8B in IPO, Bloomberg reports

NIO, the Chinese electric vehicle maker backed by Tencent Holdings (TCEHY), is planning a U.S. initial public offering that would give it a valuation topping $8B as it prepares to compete with companies like Tesla (TSLA), Bloomberg reports, citing a regulatory filing. The company is seeking to raise as much as $1.3B, offering 160M American depositary shares at $6.25 to $8.25 each, which would give the company a market capitalization of roughly $6.4B to $8.5B. Reference Link

TCEHY

Tencent

$0.00

(0.00%)

TSLA

Tesla

$311.85

-7.74 (-2.42%)

  • 29

    Oct

TCEHY Tencent
$0.00

(0.00%)

08/15/18
BNCH
08/15/18
NO CHANGE
Target $12
BNCH
Buy
Vipshop price target lowered to $12 from $19 at Benchmark
Benchmark analyst Fawne Jiang lowered her price target on Vipshop (VIPS) to $12 after the company reported soft Q2 results and gave Q3 guidance that indicated an organic revenue deceleration on top of a limited contribution from the Tencent (TCEHY) and JD.com (JD) channels. She believes Vipshop continues to face growth challenges due to increasing competition and changing industry dynamics in China, but keeps a Buy rating on the shares as she expects significant synergies to be unlocked from the Tencent and JD partnerships over the longer-term.
08/16/18
JEFF
08/16/18
NO CHANGE
Target $90
JEFF
Buy
China approval freeze creates buying opportunity in Activision, says Jefferies
Jefferies analyst Timothy O'Shea said he views China having frozen mobile game approvals as a temporary problem and "mostly a non-issue" as only the monetization approval process has been frozen, not the content approval process, and he note administrators are already implementing a fast-track approval process to alleviate the problem. Activision Blizzard's (ATVI) upcoming Call of Duty mobile game was expected to launch in China this year, but O'Shea said this is a smaller game that is not in his estimates, adding that Tencent (TCEHY) gets 70% of the revenue under its deal for the game. Activision has a pipeline of new mobile games coming that he would still expect to launch in China over time and O'Shea sees the 15% pullback in the game maker's shares in the last month as a buying opportunity, he tells investors. He maintains a Buy rating and $90 price target on Activision Blizzard shares.
08/20/18
NOMU
08/20/18
NO CHANGE
NOMU
Buy
China watchdogs said to likely restart game reviews soon, says Nomura Instinet
Nomura Instinet analyst Jialong Shi noted that over the weekend posts on Weibo said China's online game watchdogs will likely restart game reviews as early as September, adding that a few of his online gaming contacts have also heard lately from relevant watchdogs that the review of new games should restart soon. If game reviews do resume in September, Tencent's (TCEHY) PUBG Mobile and Fortnite are likely to receive licenses for monetization in Q4 at the earliest, said Shi, who believes Tencent and NetEase (NTES) would benefit from improved sentiment and outlooks if Chinese regulators restart reviews.
08/22/18
LEHM
08/22/18
NO CHANGE
Target $55
LEHM
Overweight
Tencent price target lowered to $55 from $59 at Barclays
Barclays analyst Gregory Zhao lowered his price target for Tencent Holdings to $55 following the company's Q2 results to reflect the impact from monetization approval delay to mobile gaming revenue as well as the negative efforts to interest revenue due to the deposit rate increase. The analyst keeps an Overweight rating on the shares.
TSLA Tesla
$311.85

-7.74 (-2.42%)

08/27/18
JEFF
08/27/18
NO CHANGE
Target $360
JEFF
Hold
Jefferies wonders if Tesla 'in play' despite ending going private review
Jefferies analyst Philippe Houchois says that while Tesla shares may be lower today "as a result of more erratic corporate behavior" with the going private consideration being called off, he wonders if Musk's initial tweet has effectively put Tesla "in play." The focus on going private may lead to additional discussions with other investors, mainly corporates, that value Tesla's vision and can help bridge gaps in growth and execution skills, Houchois tells investors in a research note. In any scenario, the analyst thinks Tesla needs new capital to fund its mid-term growth or "risk a de-rating of its valuation multiples." Houchois keeps a Hold rating on Tesla with a $360 price target. "With its long term mission intact but short term growth shaky, serious gaps in execution skills and a board under pressure for not assuming its duties, now may be the time for third parties to get involved," the analyst contends. Houchois sees a lower probability of interest from established carmakers, however, saying Tesla joining an electric vehicle "zero-sum-game" would probably deflate its multiple.
08/27/18
COWN
08/27/18
NO CHANGE
Target $200
COWN
Underperform
Tesla obstacles continue to mount, says Cowen
Cowen analyst Jeffrey Osborne noted CEO Elon Musk released a blog in which he stated that he plans to keep Tesla public in a complete reversal from three weeks ago. The analyst now sees mounting obstacles for the company including shareholder lawsuits, SEC investigations, cash burn, competitive environment, and spotty profits. Osborne reiterated his Underperform rating and $200 price target on Tesla shares.
08/27/18
BARD
08/27/18
NO CHANGE
Target $411
BARD
Outperform
Tesla decision to stay public a positive, says Baird
Baird analyst Ben Kallo said he believes the decision for Tesla to stay public is positive for all stakeholders as it will allow investor attention to shift back to fundamentals at an opportune time as the company has appeared to make significant progress on the Model 3 ramp. He said if the company hits its production targets, EBITDA generation may be underestimated. While he sees a potential SEC fine as an overhang, Kallo reiterated his Outperform rating and $411 price target on Tesla shares.
08/28/18
ADAM
08/28/18
NO CHANGE
Target $316
ADAM
Hold
Tesla problems could open door for competition, says Canaccord
Canaccord analyst Jed Dorsheimer noted the self-generated problems of Tesla and said this is an example of why a company may need different leaders during its life cycle. The analyst said he is concerned the self-inflicted problems could open the door for new entrants with greater financial backing, such as the Toyota (TM)/Uber partnership. He also sees the recent distractions as increasing the risk profile for Model 3 production. Dorsheimer maintained his Hold rating and lowered his price target to $316 from $336 on Tesla shares.

TODAY'S FREE FLY STORIES

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Comfort Systems USA

$57.58

0.06 (0.10%)

20:08
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Comfort Systems USA discloses ransomware attack virus »

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    Jun

NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

19:29
04/18/19
04/18
19:29
04/18/19
19:29
Periodicals
Nissan to cut global output by 15% in FY19/20, Nikkei reports »

Nissan Motor (NSANY) will…

NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

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FE

FirstEnergy

$40.51

0.28 (0.70%)

19:13
04/18/19
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Hot Stocks
FirstEnergy CEO 'pleased' FES submitted revised disclosure statement »

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  • 24

    Apr

TSLA

Tesla

$273.25

2.13 (0.79%)

19:03
04/18/19
04/18
19:03
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19:03
Periodicals
Tesla CEO, SEC granted one more week to resolve tweet dispute, WSJ says »

Tesla CEO Elon Musk and…

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  • 22

    Apr

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EXPO

Exponent

$56.39

0.23 (0.41%)

, AKRX

Akorn

$2.77

-0.16 (-5.46%)

18:57
04/18/19
04/18
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Hot Stocks
Fly Intel: After Hours Movers »

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EXPO

Exponent

$56.39

0.23 (0.41%)

AKRX

Akorn

$2.77

-0.16 (-5.46%)

ZSAN

Zosano Pharma

$3.41

-0.11 (-3.13%)

FAST

Fastenal

$71.08

0.95 (1.35%)

APHA

Aphria

$7.65

-0.165 (-2.11%)

ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

PBCT

People's United

$17.12

-0.21 (-1.21%)

I

Intelsat

$19.48

0.235 (1.22%)

LLY

Eli Lilly

$115.20

-1.23 (-1.06%)

PFE

Pfizer

$39.37

-0.5 (-1.25%)

03/08/13
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  • 05

    Jun

FIVE

Five Below

$141.65

1.82 (1.30%)

18:44
04/18/19
04/18
18:44
04/18/19
18:44
Hot Stocks
Five Below CEO: There is potential for 2,500+ stores in the U.S »

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03/08/13
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LBRT

Liberty Oilfield Services

$16.60

-0.59 (-3.43%)

18:39
04/18/19
04/18
18:39
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18:39
Hot Stocks
Liberty Oilfield Services CFO sells 90,000 Class A common shares »

In a regulatory filing,…

03/08/13
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  • 23

    Apr

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    May

VNO

Vornado

$67.02

0.77 (1.16%)

18:37
04/18/19
04/18
18:37
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18:37
Hot Stocks
Vornado sells 45% equity in flagship NYC assets to institutional investors »

Vornado announced that…

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  • 30

    Apr

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    May

CHKP

Check Point

$120.01

-9.56 (-7.38%)

18:26
04/18/19
04/18
18:26
04/18/19
18:26
Recommendations
Check Point analyst commentary at Jefferies »

Check Point billings,…

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  • 18

    Apr

CAG

Conagra Brands

$30.53

0.405 (1.34%)

18:11
04/18/19
04/18
18:11
04/18/19
18:11
Hot Stocks
Conagra Brands director Gregor buys 10K shares of common stock »

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  • 18

    May

UNP

Union Pacific

$176.70

7.5 (4.43%)

17:52
04/18/19
04/18
17:52
04/18/19
17:52
Periodicals
Union Pacific halts construction of $550M facility in Texas, WSJ reports »

Union Pacific has stopped…

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  • 18

    Apr

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    May

SO

Southern Company

$51.95

-0.22 (-0.42%)

17:47
04/18/19
04/18
17:47
04/18/19
17:47
Hot Stocks
Southern Company to sell Nacogdoches Generating Facility for $460M »

Southern Power announced…

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  • 01

    May

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TSLA

Tesla

$273.25

2.13 (0.79%)

17:46
04/18/19
04/18
17:46
04/18/19
17:46
Periodicals
Tesla CEO Musk, SEC ask for extension to settle tweet dispute, Reuters says »

Tesla CEO Elon Musk and…

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  • 22

    Apr

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    Apr

GLD

SPDR Gold Shares

$120.40

0.09 (0.07%)

17:44
04/18/19
04/18
17:44
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17:44
Hot Stocks
SPDR Gold Shares holdings fall to 751.68MT from 752.86MT »

This is the lowest level…

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OSW

OneSpaWorld

$13.77

(0.00%)

17:37
04/18/19
04/18
17:37
04/18/19
17:37
Syndicate
Breaking Syndicate news story on OneSpaWorld »

OneSpaWorld files to sell…

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

17:36
04/18/19
04/18
17:36
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17:36
Hot Stocks
Charles Schwab EVP Murtagh sells 23.2K shares of common stock »

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  • 26

    Apr

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    May

OSW

OneSpaWorld

$13.77

(0.00%)

17:36
04/18/19
04/18
17:36
04/18/19
17:36
Syndicate
Breaking Syndicate news story on OneSpaWorld »

OneSpaWorld files to sell…

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SHLD

Sears

$0.00

(0.00%)

17:32
04/18/19
04/18
17:32
04/18/19
17:32
Hot Stocks
Sears delays filing 10-K form »

As previously reported on…

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LB

L Brands

$25.68

0.02 (0.08%)

17:25
04/18/19
04/18
17:25
04/18/19
17:25
Hot Stocks
L Brands board supports declassification, enters into pact with Barington »

The L Brands board has…

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  • 16

    May

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    May

TSLA

Tesla

$273.25

2.13 (0.79%)

17:17
04/18/19
04/18
17:17
04/18/19
17:17
Periodicals
Breaking Periodicals news story on Tesla »

Tesla CEO Musk, SEC…

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  • 22

    Apr

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    Apr

AMBR

Amber Road

$8.55

-0.31 (-3.50%)

17:17
04/18/19
04/18
17:17
04/18/19
17:17
Hot Stocks
Altai Capital says Amber Road meeting delay attempt to 'avoid accountability' »

Altai Capital Management,…

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  • 07

    May

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    May

CYCN

Cyclerion Therapeutics

$15.57

-0.68 (-4.18%)

17:15
04/18/19
04/18
17:15
04/18/19
17:15
Syndicate
Breaking Syndicate news story on Cyclerion Therapeutics »

Cyclerion Therapeutics…

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ACDVF

Air Canada

$0.00

(0.00%)

, BA

Boeing

$380.02

2.48 (0.66%)

17:10
04/18/19
04/18
17:10
04/18/19
17:10
Periodicals
Air Canada says will review plane systems on Boeing's MAX, Reuters says »

Air Canada (ACDVF) said…

ACDVF

Air Canada

$0.00

(0.00%)

BA

Boeing

$380.02

2.48 (0.66%)

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  • 24

    Apr

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    Jun

PFE

Pfizer

$39.37

-0.5 (-1.25%)

, LLY

Eli Lilly

$115.20

-1.23 (-1.06%)

17:07
04/18/19
04/18
17:07
04/18/19
17:07
Hot Stocks
Pfizer, Lilly say tanezumab met 2/3 co-primary endpoints in Phase 3 study »

Pfizer Inc. (PFE) and Eli…

PFE

Pfizer

$39.37

-0.5 (-1.25%)

LLY

Eli Lilly

$115.20

-1.23 (-1.06%)

03/08/13
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  • 24

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    May

  • 18

    May

FAST

Fastenal

$71.08

0.95 (1.35%)

17:06
04/18/19
04/18
17:06
04/18/19
17:06
Hot Stocks
Fastenal approves two-for-one stock split »

Fastenal Company…

03/08/13
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  • 23

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