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GOOGL

Alphabet Class A

$1,245.94

-10.37 (-0.83%)

, GOOG

Alphabet

$1,231.48

-10.82 (-0.87%)

07:10
08/29/18
08/29
07:10
08/29/18
07:10

Alphabet price target raised to $1,515 from $1,325 at Morgan Stanley

Morgan Stanley analyst Brian Nowak raised his price target on shares of Alphabet to $1,515 from $1,325 citing the continued strong fundamentals in its core Google business as well as the growing visibility into its Waymo business. Nowak believes the current valuation of Alphabet ascribes little value for Waymo, but he also thinks the launch of Waymo's ride-hailing service by year-end can be a catalyst to realize that value. He currently values Waymo at $45B, or about $60 per Alphabet share, but notes this is only 25% of the $175B potential value he ascribes to the business. Nowak, who raised his 2018 and 2019 adjusted EBITDA estimates by 2%, keeps an Overweight rating on Alphabet shares.

GOOGL

Alphabet Class A

$1,245.94

-10.37 (-0.83%)

GOOG

Alphabet

$1,231.48

-10.82 (-0.87%)

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GOOGL Alphabet Class A
$1,245.94

-10.37 (-0.83%)

08/07/18
MSCO
08/07/18
NO CHANGE
Target $1325
MSCO
Overweight
Enterprise value of Alphabet's Waymo raised to $175B at Morgan Stanley
Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, namely logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Partnerships with Walmart (WMT), DDR (DDR) and Peterbilt speak to Waymo's logistics focus, said Nowak, who sees the company potentially having a $90B logistics business. Additionally, he sees a roughly $7B licensing opportunity, pointing to the company's FCA (FCAU) relationship as a model of how companies could pay a license fee to Waymo for its autonomous technology. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares.
08/07/18
08/07/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BOFA CUTS ZILLOW TO NEUTRAL: BofA Merrill Lynch analyst Nat Schindler downgraded Zillow (Z, ZG) to Neutral from Buy and cut its price target to $60 from $70 following the Q2 report and reduction in guidance. Schindler said the quarter indicated Zillow is taking longer than expected to ramp up the Homes business, Rentals revenue missed and the outlook was cut, and other revenue also missed, indicating the new construction opportunity is also taking longer to materialize. Zillow Class A shares are down about 17% in late morning trading. MORGAN STANLEY SAYS WAYMO COULD BE WORTH $175B: Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's (GOOG, GOOGL) Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares. GOLDMAN RAISES NVIDIA TARGET AHEAD OF EARNINGS: Goldman Sachs analyst Toshiya Hari raised his price target for Nvidia (NVDA) to $324 from $310 ahead of quarterly results. Unlike the past 10 quarters where the company handily beat Street estimates and raised guidance, the analyst expects a "noisy" quarter with the focal points being the upcoming product transition in Gaming, the current product transition in Datacenter, weakness in cryptocurrency mining, and potential disruption from the virus attack at TSMC (TSM). That said, Hari noted that his long-term bull thesis on Nvidia remains intact and reiterated a Buy rating on the shares. ARGUS CUTS CBS TO HOLD: Argus analyst Joseph Bonner downgraded CBS (CBS) to Hold from Buy, noting significant downside risks for the company from both the sexual harassment allegations against CEO Moonves and the board's attempts to prevent the Viacom (VIA, VIAB) merger. Bonner noted that if the Moonves allegations are proven true, he would be immediately dismissed, which could end the board's bid to remain independent and thereby inflict damage on the shareholders.
08/09/18
STFL
08/09/18
DOWNGRADE
Target $2150
STFL
Hold
Booking Holdings downgraded to Hold on slowing growth at Stifel
As previously reported, Stifel analyst Scott Devitt downgraded Booking Holdings (BKNG) to Hold from Buy, citing the slowing growth at the company-formerly-known-as Priceline. Devitt lowered his core bookings growth expectations in 2018 and beyond following the company's Q2 earnings report and cut his price target on Booking shares to $2,150 from $2,332. He sees better large cap opportunities at company's with similar earnings multiples and better growth, such as Alibaba (BABA), Alphabet (GOOGL) and Facebook (FB), Devitt added.
08/22/18
MKMP
08/22/18
NO CHANGE
Target $1465
MKMP
Buy
Alphabet price target raised to $1,465 from $1,355 at MKM Partners
MKM Partners analyst Rob Sanderson raised his price target on Alphabet to $1,465 from $1,355 and kept his Buy rating, saying his revision removes the $5.1B E.U. fine while rolling out the valuation to 2021 in his model. Sanderson states that he remains impressed with Alphabet's "consistent growth at increasingly large revenue levels" and believes that the company's traffic acquisition costs could slow after a drag on earnings over a period of about 3 years, boosting its margins. The analyst adds that while Waymo has "negligible" near-term implications, its long-term potential is "tremendous".
GOOG Alphabet
$1,231.48

-10.82 (-0.87%)

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).

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FII

Federated Investors

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G-III Apparel

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Calyxt

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0.4 (4.22%)

21:34
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Calyxt

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CEQP

Crestwood Equity

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0.47 (1.48%)

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EQT Midstream Partners

$46.86

-0.1 (-0.21%)

20:08
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Recommendations
Crestwood Equity, EQT Midstream Partners analyst commentary at Goldman Sachs »

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Crestwood Equity

$32.29

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EQM

EQT Midstream Partners

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ITW

Illinois Tool Works

$131.02

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19:57
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Illinois Tool Works rating change at Deutsche Bank »

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SWK

Stanley Black & Decker

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INCY

Incyte

$66.24

-1.04 (-1.55%)

, AET

Aetna

$0.00

(0.00%)

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Fly Intel: Top five weekend stock stories »

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Incyte

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AET

Aetna

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ANTM

Anthem

$275.59

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CNC

Centene

$127.55

-5.3 (-3.99%)

CI

Cigna

$205.34

-6.63 (-3.13%)

HNT

Health Net

$0.00

(0.00%)

HUM

Humana

$300.41

-12.09 (-3.87%)

MOH

Molina Healthcare

$131.72

-11.19 (-7.83%)

UNH

UnitedHealth

$265.06

-7.2 (-2.64%)

WCG

WellCare

$236.90

-7.44 (-3.04%)

SNE

Sony

$51.32

-0.88 (-1.69%)

GOOG

Alphabet

$1,041.68

-21.44 (-2.02%)

GOOGL

Alphabet Class A

$1,050.62

-23.36 (-2.18%)

AAPL

Apple

$165.48

-5.45 (-3.19%)

BAC

Bank of America

$24.49

0.1 (0.41%)

BLK

BlackRock

$382.25

-5.29 (-1.37%)

CAT

Caterpillar

$126.78

0.79 (0.63%)

CVX

Chevron

$113.84

-2.15 (-1.85%)

DDAIF

Daimler AG

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(0.00%)

DAL

Delta Air Lines

$53.50

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ET

Energy Transfer LP

$14.08

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TOL

Toll Brothers

$32.23

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EQT

EQT Corporation

$19.40

-0.78 (-3.87%)

18:54
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Periodicals
EQT's board to seek meeting with Rice brothers, Reuters reports »

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EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

, EQGP

EQGP Holdings

$19.94

0.02 (0.10%)

18:31
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18:31
Downgrade
EQT Midstream Partners, EQGP Holdings rating change at Goldman Sachs »

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EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

EQGP

EQGP Holdings

$19.94

0.02 (0.10%)

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CEQP

Crestwood Equity

$32.29

0.47 (1.48%)

18:28
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INCY

Incyte

$66.24

-1.04 (-1.55%)

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Innovent, Incyte announce agreement for three clinical-stage candidates in China »

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NSANY

Nissan

$0.00

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, RNLSY

Renault

$0.00

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Periodicals
Renault seeking Nissan shareholder meeting amid Ghosn crisis, Reuters says »

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Nissan

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Renault

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T

AT&T

$30.24

0.33 (1.10%)

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Comcast

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Box Office Battle: 'Spider-Verse' wins weekend with $35M »

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T

AT&T

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CMCSA

Comcast

$36.32

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CMCSK

Comcast

$0.00

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SNE

Sony

$51.32

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FOX

21st Century Fox

$48.79

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FOXA

21st Century Fox

$49.06

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LGF.A

Lionsgate

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DIS

Disney

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VIAB

Viacom

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VIA

Viacom

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ELGX

Endologix

$0.71

0.0232 (3.39%)

16:17
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Endologix to host special shareholder meeting »

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PRPO

Precipio

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MSB

Mesabi Trust

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MLNT

Melinta Therapeutics

$1.19

-0.1 (-7.75%)

16:02
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Melinta Therapeutics to host special shareholder meeting »

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XOM

Exxon Mobil

$75.63

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15:55
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Exxon Mobil shareholders call for greenhouse gas reduction targets, Reuters says »

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ANTM

Anthem

$275.59

-4.93 (-1.76%)

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Centene

$127.55

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Health stocks preparing for market jolt after Obamacare ruling, Bloomberg says »

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Anthem

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Centene

$127.55

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CI

Cigna

$205.34

-6.63 (-3.13%)

UNH

UnitedHealth

$265.06

-7.2 (-2.64%)

HUM

Humana

$300.41

-12.09 (-3.87%)

WCG

WellCare

$236.90

-7.44 (-3.04%)

MOH

Molina Healthcare

$131.72

-11.19 (-7.83%)

HNT

Health Net

$0.00

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AET

Aetna

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JELD

Jeld-Wen

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-0.46 (-3.12%)

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Jeld-Wen announces final ruling in Steves & Sons litigation, to appeal decision »

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ATRA

Atara Biotherapeutics

$41.78

-0.74 (-1.74%)

12:55
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Atara Biotherapeutics presents positive efficacy, safety results for EBV + LMS »

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BGNE

BeiGene

$133.95

2.595 (1.98%)

12:41
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BeiGene announces updated Phase 1A/1B data on tislelizumab »

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JELD

Jeld-Wen

$14.27

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Jeld-Wen ordered to divest Pennsylvania plant to restore competition »

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BMY

Bristol-Myers

$52.11

-1.54 (-2.87%)

, RHHBY

Roche

$0.00

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European Society for Medical Oncology (ESMO) to hold a conference »

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Bristol-Myers

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Roche

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CELG

Celgene

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MRK

Merck

$76.50

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PFE

Pfizer

$43.84

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FLDM

Fluidigm

$7.79

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NEO

NeoGenomics

$13.25

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SGEN

Seattle Genetics

$60.46

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TKPYY

Takeda Pharmaceutical

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IMV

IMV Inc

$5.65

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