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MAT

Mattel

$15.55

(0.00%)

, HAS

Hasbro

$101.84

(0.00%)

09:41
08/29/18
08/29
09:41
08/29/18
09:41

Dealreporter questions if Mattel bylaw updates result of a new activist

After Mattel (MAT) disclosed bylaw amendments after the close yesterday related to stockholder proposals, Dealreporter said it wonders "if these latest bylaw updates are the result of a new activist, or current passive shareholder deciding to get more aggressive," according to contacts. The toymaker "has long been speculated" as a target for rival Hasbro (HAS) and occupied "a spot on our activist watch list," Dealreporter added, according to Fly contacts.

MAT

Mattel

$15.55

(0.00%)

HAS

Hasbro

$101.84

(0.00%)

MAT Mattel
$15.55

(0.00%)

07/27/18
07/27/18
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. Chesapeake (CHK) upgraded to Neutral from Underperform at BofA/Merrill with analyst Doug Leggate saying the $2B Utica asset sale and positive Powder River update closes out his negative view. 2. Mattel (MAT) upgraded to Neutral from Underperform at DA Davidson with analyst Linda Bolton Weiser saying while the company underperformed in Q2 as she expected due to the hard 2017 comparisons driven by last year's Cars 3 release and the impact from Toys R Us liquidation, investor belief that the company could be sold is supporting the stock. 3. Patterson-UTI (PTEN) upgraded to Outperform from Neutral at Credit Suisse and to Buy from Neutral at Seaport Global. 4. NXP Semiconductors (NXPI) upgraded to Buy from Hold at SunTrust, Deutsche Bank, and Jefferies, to Buy from Neutral at Mizuho, and to Outperform from Market Perform at Bernstein. 5. Mondelez (MDLZ) upgraded to Buy from Hold at DZ Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
07/27/18
07/27/18
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. MATTEL UPGRADED ON TAKEOVER POSSIBILITY: DA Davidson analyst Linda Bolton Weiser upgraded Mattel (MAT) to Neutral from Underperform and raised her price target to $14 from $12. The analyst noted that while the company underperformed in Q2 as she expected, due to the hard 2017 comparisons driven by last year's Cars 3 release and the impact from the Toys R Us liquidation, investor belief that the company could be sold is supporting the stock. Weiser adds that as long as Ynon Kreiz is at the helm, Mattel's elevated valuation could persist. INTEL GETS MULTIPLE DOWNGRADES AFTER EARNINGS: Citi analyst Christopher Danely downgraded Intel (INTC) to Neutral from Buy and lowered his price target for the shares to $50 from $64. The analyst said he sees a "host of margin headwinds coming" and calls the company's rollout of 10 nanometer a "debacle." He believes Intel's valuation multiple will remain under pressure. BofA Merrill Lynch downgraded Intel to Neutral from Buy and lowered its price target to $56 from $62 following the Q2 report. Analyst Vivek Arya said shares will remain range bound given a deceleration in FY19 earnings growth, a competitive position that is becoming tougher with next-gen 10mn product delays, higher capex from insourcing memory, and potential gross margin declines. Intel is down 8.4% in late morning trading. JPMORGAN DEFENDS SYNCHRONY: JPMorgan analyst Richard Shane believes Synchrony Financial (SYF) shares have been "substantially oversold" relative to the fundamental impact to the business from Walmart's (WMT) decision to go with Capital One (COF). The analyst reiterated an Overweight rating on Synchrony and recommended buying the stock at current levels. He estimated a $625M reduction of 2020 net income to common shareholders, or 17c per share in earnings. Shane lowered his price target for Synchrony to $39 from $41 as a result. He believes, however, that the stock will continue to trade at a discount to these levels until there is more clarity about a strategic outcome. AMAZON PRICE TARGET RAISED AT MULTIPLE FIRMS: After reporting its Q2 results, Amazon (AMZN) saw its price target raised by multiple analysts, including by Deutsche Bank analyst Lloyd Walmsley, who raised his price target for Amazon.com to $2,300. He said last night's Q2 results beat his expectations "almost across the board," and added that Amazon remains his top pick among the large cap Internet names. The analyst kept a Buy rating on the shares. Amazon shares are 1.4% higher to about $1,834 in late morning trading.
08/13/18
CEDG
08/13/18
INITIATION
CEDG
Equal Weight
Mattel initiated with an Equal Weight at Consumer Edge
08/13/18
08/13/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Crinetics (CRNX) was initiated with an Outperform at Leerink, an Overweight at Piper Jaffray, and a Neutral at JPMorgan. 2. Hasbro (HAS) was initiated with an Overweight at Consumer Edge while Mattel (MAT) initiated with an Equal Weight. 3. Allakos (ALLK) initiated with an Outperform at William Blair, a Buy at Jefferies, and a Neutral at Goldman Sachs. 4. Constellation Pharmaceuticals (CNST) was initiated with an Overweight at JPMorgan as well as an Outperform at BMO Capital and Oppenheimer. 5. Rubius Therapeutics (RUBY) initiated with an Outperform at Leerink, an Overweight at JPMorgan and Morgan Stanley, as well as a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
HAS Hasbro
$101.84

(0.00%)

08/15/18
MKMP
08/15/18
UPGRADE
MKMP
Buy
Hasbro upgraded to Buy from Neutral at MKM Partners
08/15/18
MKMP
08/15/18
UPGRADE
Target $115
MKMP
Buy
Hasbro upgraded to Buy at MKM Partners on expected 'material recovery'
As reported earlier, MKM Partners analyst Eric Handler upgraded Hasbro (HAS) to Buy from Neutral and raised his price target to $115 from $92. The analyst says investors should look beyond the 2018 industry issues and anticipate a "material fundamental recovery" in the next two years thanks to the company's large toy line additions and expected margin expansion. Handler models a double-digit earnings growth to reach $6 EPS by 2020, which he says still does not include the anticipated PLAYSCHOOL partnership with Netflix (NFLX) or feature film investment benefits.
08/15/18
08/15/18
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. Nvidia (NVDA) double-upgraded two notches to Outperform from Underperform at Wells Fargo with analyst Aaron Rakers citing the company's long-term prospects given its competitive position in gaming as well as its AI / deep learning data center growth opportunities. 2. Hasbro (HAS) upgraded to Buy from Neutral at MKM Partners with analyst Eric Handler saying investors should look beyond the 2018 industry issues and anticipate a "material fundamental recovery" in the next two years thanks to the company's large toy line additions and expected margin expansion. 3. Incyte (INCY) upgraded to Outperform from Sector Perform at RBC Capital with analyst Brian Abrahams citing the company's "unique situation" position as a "revenue-generating, high-opex, broad-pipeline mid-cap, which should enable it to pull multiple levers" to unlock value and produce shareholder interest. 4. Norfolk Southern (NSC) upgraded to Buy from Hold at Deutsche Bank reflecting increased conviction that out-year earnings power is underappreciated. 5. Papa John's (PZZA) upgraded to Hold from Sell at Stifel with analyst Chris O'Cull saying he believes near-term expectations have been reset to a reasonable level following the company's disappointing Q2 results and report of "lackluster" same-store sales in Q3 to-date. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/15/18
08/15/18
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. NVIDIA DOUBLE UPGRADE AHEAD OF EARNINGS: Wells Fargo analyst Aaron Rakers upgraded Nvidia (NVDA) two notches to Outperform from Underperform and raised his price target to $315 from $140, citing the company's competitive position in gaming as well as its AI / deep learning data center growth opportunities. Rakers also points to the company's new Turing GPU architecture as well as the "well-understood" investor perception of weakening in cryptocurrency-related demand. MKM SAYS LOOK BEYOND NEAR-TERM, BUY HASBRO: MKM Partners analyst Eric Handler upgraded Hasbro (HAS) to Buy from Neutral and raised his price target to $115 from $92 as he contends investors should look beyond the 2018 industry issues and anticipate a "material fundamental recovery" in the next two years thanks to the company's large toy line additions and expected margin expansion. WESTERN DIGITAL CUT TO PERFORM: Cowen analyst Karl Ackerman downgraded Western Digital (WDC) to Market Perform from Outperform as his recent supply chain field work pointed to "substantial, unabated competitive pricing tactics" by the company and Toshiba (TOSBF) to gain share of enterprise and client solid state drives. He also worries that Western Digital's efforts to scale back incremental NAND wafer adds to support pricing is not without significant risk. STIFEL SAYS BUY GW PHARMA AHEAD OF EPIDIOLEX LAUNCH: Stifel analyst Paul Matteis started GW Pharmaceuticals with a Buy rating and $181 price target, as he expects a "strong" Epidiolex launch in Dravet/Lennox Gastaut and put an 80% odds-of-success for Epidiolex in Tuberous Sclerosis complex. The analyst's epilepsy physician survey suggests broad physician and patient awareness of Epidiolex ahead of the launch, believes the 2019 consensus sales estimate of $115M "seems doable" and forecasts Epidiolex will hit $1.5B in U.S. sales in 2023.

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YELP

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GILD

Gilead

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Roche

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UN

Unilever; also tag UL

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20:29
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Downgrade
Unilever; also tag UL, Unilever; also tag UN rating change at JPMorgan »

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FBHS

Fortune Brands

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ANPDY

Anta Sports Products

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19:46
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Downgrade
Anta Sports Products rating change at Deutsche Bank »

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KREF

KKR Real Estate Finance

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KKR Real Estate Finance rating change at Keefe Bruyette »

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KTOS

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19:34
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AAPL

Apple

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, MSFT

Microsoft

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19:30
12/09/18
12/09
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19:30
Hot Stocks
Fly Intel: Top five weekend stock stories »

Catch up on the…

AAPL

Apple

$168.37

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MSFT

Microsoft

$104.90

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DIS

Disney

$112.00

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PYPL

PayPal

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AMAT

Applied Materials

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CAT

Caterpillar

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-4.69 (-3.66%)

LEN

Lennar

$42.00

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NFLX

Netflix

$265.14

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PANW

Palo Alto Networks

$175.11

-6.73 (-3.70%)

DB

Deutsche Bank

$8.74

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LITE

Lumentum

$41.92

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OCLR

Oclaro

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Finisar

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ZTE Corp.

$0.00

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CIEN

Ciena

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LITE

Lumentum

$41.92

-2.81 (-6.28%)

, OCLR

Oclaro

$8.27

-0.165 (-1.96%)

18:16
12/09/18
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18:16
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18:16
Periodicals
Huawei CFO seeking bail, Reuters reports »

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Lumentum

$41.92

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OCLR

Oclaro

$8.27

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FNSR

Finisar

$22.49

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

INFN

Infinera

$4.38

-0.21 (-4.58%)

CIEN

Ciena

$31.30

-0.95 (-2.95%)

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KERX

Keryx

$3.14

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Akebia

$8.52

-0.02 (-0.23%)

16:51
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12/09
16:51
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16:51
Conference/Events
Akebia to host special shareholder meeting »

Special Shareholder…

KERX

Keryx

$3.14

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AKBA

Akebia

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AKBA

Akebia

$8.52

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Keryx

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16:49
12/09/18
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16:49
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Conference/Events
Keryx to host special shareholder meeting »

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AKBA

Akebia

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DVMT

Dell Technologies

$104.01

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16:35
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Dell Technologies to host special shareholder meeting »

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T

AT&T

$30.14

-0.38 (-1.25%)

, CMCSA

Comcast

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16:34
Hot Stocks
Box Office Battle: 'Ralph Breaks the Internet' leads top office with $16.1M »

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Comcast

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CMCSK

Comcast

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SNE

Sony

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FOX

21st Century Fox

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FOXA

21st Century Fox

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LGF.A

Lionsgate

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DIS

Disney

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VIAB

Viacom

$29.91

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VIA

Viacom

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CNC

Centene

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Centene to hold a meeting »

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FTI

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$21.00

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16:00
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TechnipFMC to hold a conference call »

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CPRX

Catalyst Pharmaceuticals

$2.39

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15:56
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Catalyst Pharmaceuticals to hold a conference call »

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WPP

$52.11

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WPP to host investor day »

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Volt Information Sciences to hold a conference call »

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Arcturus Therapeutics

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0.45 (8.26%)

13:52
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Arcturus Therapeutics to hold a conference call »

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Starwood Property

$22.34

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Starwood Property to host investor day »

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Ezcorp to host investor day »

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NFLX

Netflix

$265.14

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Palo Alto Networks

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13:20
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13:20
Periodicals
Netflix, Palo Alto offer growth at a discount, Barron's says »

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NFLX

Netflix

$265.14

-17.66 (-6.24%)

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Palo Alto Networks

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DHR

Danaher

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-2.88 (-2.75%)

13:18
12/09/18
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13:18
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13:18
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Danaher to host analyst and investor meeting »

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