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DISCA

Discovery

$32.86

-0.45 (-1.35%)

14:25
10/04/18
10/04
14:25
10/04/18
14:25

Discovery call volume above normal and directionally bullish

Bullish option flow detected in Discovery with 3,602 calls trading, 3x expected, and implied vol increasing almost 3 points to 34.18%. Oct-18 35 calls and Jan-19 37.5 calls are the most active options, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 0.52. Earnings are expected on November 8th.

  • 08

    Nov

DISCA Discovery
$32.86

-0.45 (-1.35%)

09/24/18
IMPC
09/24/18
NO CHANGE
Target $37
IMPC
Outperform
Discovery price target raised to $37 from $32 at Imperial Capital
Imperial Capital analyst David Miller raised his price target for Discovery to $37 and maintains an Outperform rating on the shares. The analyst believes Discovery in fiscal 2019, because of the lower interest expense profile as a result of debt pare-downs in fiscal 2019, could generate $2.63B of free cash flow. If management "merely took" 10% of that free cash flow and carved it out for the payment of a common dividend, that would equate to a 37c per share dividend, or a 1.2% dividend yield, Miller tells investors in a research note.
09/19/18
RBCM
09/19/18
NO CHANGE
Target $38
RBCM
Outperform
Discovery price target raised to $38 from $30 at RBC Capital
RBC Capital analyst Steven Cahall raised his price target on Discovery to $38 and kept his Outperform rating, saying that its recently announced additions to Sling and Hulu undercuts its perception as a "have not" company. Despite the rally in the stock price, the analyst believes that Discovery's free cash flow story remains "undervalued", adding that the opportunities with virtual multichannel video programming distributors, or vMVPDs, should help with the company's advertising revenue growth.
09/18/18
09/18/18
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. JPMORGAN CUTS ESTIMATES, PRICE TARGET ON FACEBOOK: JPMorgan analyst Doug Anmuth lowered his 2019 and 2020 earnings estimates for Facebook (FB) by 5%-6% on the company's bigger investment increases over the next couple years, which he does not believe are fully captured in consensus estimates. Even with Facebook suggesting it could reach mid-30% operating margins in a few or several years, investments in 2019 could be larger than anticipated in consensus estimates, Anmuth said. The analyst also cut his price target for the shares to $195 from $205. However, he kept an Overweight rating on Facebook. PIVOTAL CUTS DISCOVERY TO SELL: Pivotal Research analyst Brian Wieser downgraded Discovery (DISCA) to Sell with an unchanged price target of $26. Despite "tepid" earnings and "underwhelming" longer-term trends, the stock is up 20% over the past month, Wieser noted. While Discovery's agreements with Hulu and Sling are positive, they do not meaningfully alter the company's fundamentals, the analyst added. His price target implies 19% downside from current share levels. MIZUHO BOOSTS AMD PRICE TARGET: Mizuho analyst Vijay Rakesh raised his price target for AMD (AMD) to $36 from $20 after meeting PC supply chain companies in Asia. AMD's expected server EPYC shipment spike in Q4 will be key, as Intel (INTC) continues to lack a CEO and a competitive technology response to AMD's 12nm Ryzen and 7nm Vega launch, Rakesh said. The analyst, who admits there could be "near-term bumps," kept a Buy rating on shares of AMD. CANACCORD SAYS KAPERNICK AD HAS 'OVERWHELMING' SUPPORT: Canaccord analyst Camilo Lyon conducted a proprietary survey to assess the impact of Nike's (NKE) "Just Do It" ad featuring former NFL quarterback Colin Kapernick. The findings suggest the impact was overall positive and he expects the company to confirm that when it reports Q1 results next week. He believes the ad has had the intended effect of positively skewing the company's brand perception and likely provided a bump in sales. Lyon reiterated his Buy rating and $95 price target on Nike shares. PIPER, WILLIAM BLAIR DEFEND NUTANIX: Nutanix (NTNX) shares dropped 11.5% Monday due to an article from The Information citing a potential competitive hyperconverged infrastructure offering from Google (GOOG, GOOGL), but Piper Jaffray analyst Andrew Nowinski views the selling pressure as "excessive" and reiterates an Overweight rating on Nutanix with a $66 price target. William Blair analyst Jason Ader called the fear of competition from Google "overblown" and reiterated an Outperform rating on Nutanix.
09/18/18
09/18/18
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. Fortinet (FTNT) downgraded to Neutral from Buy at UBS with analyst Fatima Boolani saying the company's momentum appears priced into the shares at current levels. 2. United Continental (UAL) downgraded to Neutral from Outperform at Macquarie with analyst Susan Donofrio citing valuation. 3. Workiva (WK) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Stan Zlotsky saying the stock is the best performer of all stocks covered by the firm's Software team given its 50% move up over the last three months, which he attributes to heightened investor expectations, the near-term benefits from an extremely strong period within capital markets, and enthusiasm about the new CEO. 4. Discovery (DISCA) downgraded to Sell from Hold at Pivotal Research with analyst Brian Wieser saying despite "tepid" earnings and "underwhelming" longer-term trends, the stock is up 20% over the past month. 5. Apache (APA) downgraded to Hold from Buy at Edward Jones. 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

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TLND

Talend

$39.24

0.12 (0.31%)

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BA

Boeing

$354.47

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DB

Deutsche Bank

$7.17

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SPX

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$0.00

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, SPY

SPDR S&P 500 ETF Trust

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GOOG

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NUAN

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RVLT

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IBKC

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RMNI

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CRM

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HPQ

HP Inc.

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TRPX

Therapix Biosciences

$2.35

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GLD

SPDR Gold Shares

$141.38

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VMW

VMware

$148.15

0.11 (0.07%)

17:19
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CRWD

Crowdstrike

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-3.5 (-3.63%)

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Carbon Black

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  • 05

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