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SNE

Sony

$55.81

0.3 (0.54%)

, VIAB

Viacom

$31.77

0.58 (1.86%)

11:29
10/12/18
10/12
11:29
10/12/18
11:29

Box Office Battle: 'Venom,' 'A Star is Born' look to remain on top

Last week's two new releases -- Sony's (SNE) "Venom," and AT&T (T) subsidiary Warner Bros' "A Star is Born" -- are looking to battle for the top spot again this weekend. Comic book adaptation "Venom," starring Tom Hardy as the titular character, is expected to earn around $30.5M at 4,250 theaters, while musical drama "A Star is Born," starring Lady Gaga and Bradley Cooper, is expected to earn about $30M at 3,708 theaters. Three new releases for this weekend are expected to round out the top five -- Comcast (CMCSA, CMCSK) subsidiary Universal's "First Man," Sony's "Goosebumps 2: Haunted Halloween," and 21st Century Fox's (FOX, FOXA) "Bad Times At The El Royale." Awards hopeful drama "First Man," starring Ryan Gosling as astronaut Neil Armstrong, is expected to open at $21M, family comedy horror sequel "Goosebumps 2" is expected to open at $16M, and Drew Goddard thriller "Bad Times At The El Royale" is expected to open at $9M. Other publicly traded companies in filmmaking include Disney (DIS), Lionsgate (LGF.A, LGF.B), and Viacom (VIA, VIAB).

SNE

Sony

$55.81

0.3 (0.54%)

VIAB

Viacom

$31.77

0.58 (1.86%)

DIS

Disney

$113.10

1.93 (1.74%)

FOX

21st Century Fox

$44.80

0.01 (0.02%)

FOXA

21st Century Fox

$45.15

0.02 (0.04%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$34.50

0.82 (2.43%)

LGF.B

Lionsgate

$21.46

0.96 (4.68%)

LGF.A

Lionsgate

$22.72

1 (4.60%)

T

AT&T

$32.23

0.48 (1.51%)

VIA

Viacom

$34.95

0.24 (0.69%)

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SNE Sony
$55.81

0.3 (0.54%)

09/10/18
FBCO
09/10/18
UPGRADE
FBCO
Outperform
Sony upgraded to Outperform from Neutral at Credit Suisse
05/07/18
UBSW
05/07/18
DOWNGRADE
UBSW
Neutral
Sony downgraded to Neutral from Buy at UBS
04/20/18
PIPR
04/20/18
NO CHANGE
PIPR
March NPD video game software sales fell 25%, says Piper Jaffray
March NPD video game software sales declined 25% year-over-year due to a tough compare with the launch of Nintendo's (NTDOY) Switch console a year ago and its highly successful launch title, The Legend of Zelda, Piper Jaffray analyst Michael Olson tells investors in a research note. The top two titles in the month were Ubisoft's Far Cry 5 and Sony's (SNE) MLB: The Show, but combined, the two generated less revenue than last year's Zelda, Olson adds. He views this month's data as less relevant given the absence of a major launch from Activision Blizzard (ATVI), Electronic Arts (EA) or Take-Two (TTWO). However, Olson thinks the March NPD data is most positive for Activision and least favorable for EA, which he says faced difficult compares to the launch of Mass Affect: Andromeda the prior year. The analyst keeps Overweight ratings on Activision, EA and Take-Two.
06/20/18
PIPR
06/20/18
NO CHANGE
PIPR
May NPD video game software sales rose 15%, says Piper Jaffray
May NPD video game software sales were up 15% year-over-year, driven by Sony (SNE) and Nintendo (NTDOY) launches of first-party titles, Piper Jaffray analyst Michael Olson tells investors in a research note. The analyst views May NPD data as less relevant for publishers since there were no major launches from Activision Blizzard (ATVI), Electronic Arts (EA) or Take-Two (TTWO). He maintains Overweight ratings on all three names.
VIAB Viacom
$31.77

0.58 (1.86%)

09/20/18
09/20/18
UPGRADE

Outperform
Viacom upgraded to Outperform on growth, sub stabilization at Macquarie
As previously reported, Macquarie upgraded Viacom to Outperform from Neutral and a $37 price target. Analyst Tim Nollen thinks Viacom has made some impressive investments in data and technology that it can deploy to drive meaningful growth in targeted TV advertising, which can offset ad declines over the past few years. Viacom's OpenAP has created new ways to target audiences in the upfront market and its technology is producing gains on ads sold through programmatic means in the scatter market, Nollen wrote in a note to investors. Also, the analyst believes Viacom is making the right moves to establish better carriage terms with affiliates, which should stabilize subs, combined with a rebound at Paramount, should lead to revenue and EBITDA growth next year.
09/20/18
MACQ
09/20/18
UPGRADE
MACQ
Outperform
Viacom upgraded to Outperform from Neutral at Macquarie
09/26/18
RILY
09/26/18
UPGRADE
Target $39
RILY
Buy
Viacom upgraded to Buy from Neutral at B. Riley FBR
B.Riley/FBR analyst Barton Crockett upgraded Viacom (VIAB) to Buy with a $39 price target. The analyst also keeps a Buy rating on CBS (CBS) and raised his price target for the shares to $63 from $61.
09/26/18
09/26/18
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. Viacom (VIAB) upgraded to Buy from Neutral at B. Riley FBR. 2. GoPro (GPRO) upgraded to Outperform from Perform at Oppenheimer with analyst Andrew Uerkwitz saying he believes the company has done everything it can to position itself for success. 3. STMicroelectronics (STM) upgraded to Buy from Hold at Deutsche Bank with analyst Johannes Schaller saying the stock has "suffered too much," setting up for an attractive risk/reward profile at current levels. 4. IBM (IBM) upgraded to Buy from Neutral at UBS with analyst John Roy saying the market is pricing in a 2% revenue decline, which IBM can beat. 5. Cheniere Energy (LNG) upgraded to Overweight from Equal Weight at Morgan Stanley and to Outperform from Market Perform at Cowen. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DIS Disney
$113.10

1.93 (1.74%)

09/24/18
LOOP
09/24/18
NO CHANGE
Target $51
LOOP
Buy
21st Century Fox favored over Disney on on Comcast-Sky deal, says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $51 price target on 21st Century Fox (FOXA), saying that while Disney (DIS) should also rise on the latest news of Comcast (CMCSA) buy Sky (SKYAY), "asymmetrical returns" favor Fox as Disney stock price "approaches the high end of the collared range for the Fox transaction". The analyst notes that he is positive on Fox "as an attractive way to buy Disney and create shares in the spinoff New Fox". Gould adds that while missing on Sky "complicates Disney's direct-to-consumer" Europe strategy, he believes investors will reward its stronger balance sheet and its independent efforts of launching a global streaming business.
09/24/18
BERN
09/24/18
NO CHANGE
BERN
Sky's bidding war outcome 'best possible result' for Disney, says Bernstein
Bernstein analyst Todd Juenger says this weekend's outcome of the bidding war for Sky (SKYAY) was "the best possible result" for Disney (DIS). The analyst argues that he never understood why Disney would want to operate a European DBS business, and never understood how Sky would contribute to Disney's DTC strategy. Rather than pay such a premium like Comcast (CMCSA), Disney can now get "paid" that premium, assuming Fox (FOXA) agrees to sell and deliver the proceeds to Disney in lieu of the shares they had promised, the analyst contends.
10/10/18
RBCM
10/10/18
NO CHANGE
Target $140
RBCM
Top Pick
RBC Capital nudges down its EPS view on Disney on higher park expense
RBC Capital analyst Steven Cahall lowered his Q4 EPS view on Disney (DIS) by 4% to $1.35 and FY19 EPS view by 2% to $7.04 to reflect the company's recent pay raises in its Parks segment as well as the losses at Hulu from its recent announcement of tendering Sky (SKYAY) shares and investing more heavily in content. The analyst also keeps his Top Pick rating and $140 price target, noting that his investment thesis remains intact as the stock generally trades on the sentiment around "direct to consumer", or DTC, success.
10/02/18
LOOP
10/02/18
NO CHANGE
Target $365
LOOP
Hold
Netflix to beat its subscriber forecasts in Q3, says Loop Capital
Loop Capital analyst Alan Gould kept his Hold rating and $365 price target on Netflix (NFLX) ahead of its Q3 results. The analyst expects the company to beat on subscriber adds domestically and internationally while also offering a "conservative" outlook for Q4 along with another debt offering likely to be offset by another $1 per month increase in rates. Gould adds that while the Street has consistently underestimated international subscriber additions at Netflix, he also warns that further detail from Disney (DIS) about its upcoming streaming services could weigh on Netflix shares.
FOX 21st Century Fox
$44.80

0.01 (0.02%)

08/09/18
08/09/18
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. GOLDMAN CUTS SEAGATE TO SELL: Goldman Sachs analyst Mark Delaney downgraded Seagate Technology (STX) to Sell from Neutral and lowered his price target for the shares to $44 from $50, representing 20% downside from current levels. While Seagate has improved its product offerings in the last few years, hard disk drives remain a cyclical industry, and one "facing secular challenges in many parts of the market," Delaney said. He believes Seagate's fundamentals will peak in the second half of 2018 and decline in 2019. RBC CUTS FOX TO SECTOR PERFORM ON VALUATION: RBC Capital analyst Steven Cahall downgraded 21st Century Fox (FOXA) to Sector Perform from Outperform, but raised his price target to $49 from $45. The analyst noted that the stock is now trading near its M&A price and that he does not see any competitive bids emerging. Cahall adds that while the company is "undervalued", he awaits the separation to re-evaluate his stance. MORGAN STANLEY DOWNGRADES SEMI INDUSTRY: Morgan Stanley analyst Joseph Moore said he has become less constructive on semiconductor stocks through the year and he now believes elevated inventory levels and stretched lead times leave "no margin for error." Given his view that any lead time adjustment or demand slowdown could drive a "meaningful correction," Moore has downgraded his semiconductor industry view to Cautious from In-Line. He favors connector companies, like Amphenol (APH) and TE Connectivity (TEL) over analog/MCU at this point in the cycle, due to lower risk around lead time issues, Moore said. He also has a "strong preference" for high margin and more defensive models, such as Analog Devices (ADI) over lower margin and commodity exposed ones, like Cypress Semiconductor (CY) and ON Semiconductor (ON), he said. Despite his more cautious view on the space, Moore kept Overweight ratings on Nvidia (NVDA), Xilinx (XLNX) and Ambarella (AMBA), citing his view that they should benefit from secular growth in the area of AI, data center, and autonomous. SOUTHERN COMPANY GETS MULTIPLE DOWNGRADES AFTER Q2 REPORT: Barclays analyst Eric Beaumont downgraded Southern Company (SO) to Equal Weight and lowered his price target for the shares to $48 from $51. Credit Suisse analyst Michael Weinstein downgraded Southern Company to Underperform from Neutral and lowered his price target on the shares to $43 from $46. Guggenheim analyst Shahriar Pourreza downgraded Southern Company to Neutral from Buy and lowered his price target on the stock to $47 from $50. Evercore ISI analyst Greg Gordon downgraded Southern Company to Underperform from In Line and lowered his price target on Southern shares to $46 from $46.75.
08/09/18
08/09/18
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. Seagate (STX) downgraded to Sell from Neutral at Goldman Sachs by analyst Mark Delaney, who said that while Seagate has improved its product offerings in the last few years, hard disk drives remain a cyclical industry, and one "facing secular challenges in many parts of the market." 2. 21st Century Fox (FOXA) downgraded to Sector Perform from Outperform at RBC Capital by analyst Steven Cahall who noted that the stock is now trading near its M&A price and that he does not see any competitive bids emerging. 3. e.l.f. Beauty (ELF) downgraded to Hold from Buy at Jefferies by analyst Stephanie Wissink, who said she is disappointed with the company's "sales fall off," which she says "seems more systemic than previously assumed." e.l.f.'s profit advancement will reverse in the second half of the year amid stepped up brand investment. Shares were also downgraded to Underweight from Neutral at Piper Jaffray, who said she sees a "growing risk of shelf-space cuts into 2019" if underlying sales trends do not improve, at Citi to Neutral from Buy and at DA Davidson to Neutral from Buy. 4. Southern Company (SO) downgraded to Underperform from In Line at Evercore ISI by analyst Greg Gordon, who said he believes the shares are still not discounting enough risk after the company announced a $790M after-tax charge related to an increase in the cost estimate for constructing Vogtle Nuclear Plants 3 and 4. Shares were also downgraded to Underperform from Neutral at Credit Suisse, to Equal Weight from Overweight at Barclays and to Neutral from Buy at Guggenheim. 5. Schneider National (SNDR) downgraded to Underperform from Buy at BofA/Merrill by analyst Ken Hoexter, who cited "stretched" relative valuation. The analyst also downgraded Genesee & Wyoming (GWR) to Neutral from Buy, saying recent strength in shares has led to a premium multiple and sees minimal upside. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/13/18
07/13/18
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. VF CORP DOUBLE UPGRADE: BofA Merrill Lynch analyst Robert Ohmes upgraded VF Corp (VFC) to Buy from Underperform and raised his price objective to $96 from $65 ahead of the company's earnings report on July 20, telling investors in a research note that he believes Vans will be a "go-to-brand" for the back-to-school selling season. He said his channel checks indicate accelerating momentum in Vans, especially classic styles, and that the $50-$60 price point is attractive given consumers' shift to value. RAYMOND JAMES DOWNGRADES AT&T: Raymond James downgraded AT&T (T) to Market Perform from Outperform. Analyst Frank Louthan said he views the Department of Justice appeal of the Time Warner case as a negative and said it is a "frustrating delay." Louthan expects the suit to be a "significant overhang" for an extended period of time, which will limit share appreciation, but remains confident AT&T will prevail. AT&T is lower by 2% in late morning trading. STIFEL STARTS GALMED WITH A BUY: Stifel analyst Adam Walsh initiated Galmed (GLMD) with a Buy rating and $35 price target, calling it a "legitimate late-stage NASH play" after Aramchol recently proved itself in a Phase 2 trial as a clearly active and "very safe" compound for treating NASH. Galmed is trading higher by over 17% in late morning trading. MORGAN STANLEY HIKES WWE TARGET TO $100: Morgan Stanley analyst Benjamin Swinburne said that WWE (WWE), by securing rights fees in its new five-year agreements with NBC (CMCSA, CMCSK) and Fox (FOX, FOXA) that are 3.6 times higher than its prior five-year broadcast agreement with NBC, has gained a "massive increase" in earnings power and "extremely high" visibility into the associated revenue. Given the recently announced deals, he raised his price target on WWE shares to $100 from $58 and kept an Overweight rating on the stock. WILLIAM BLAIR CALLS KEMPER PULLBACK 'BUYING OPPORTUNITY': William Blair analyst Adam Klauber said he views shares of Kemper (KMPR) as "even more attractive" after the recent pullback, which he attributes to selling pressures from Infinity Property shareholders receiving Kemper stock. Klauber said Kemper "continues to be our top conviction idea," and kept an Outpeform rating on the name. Kemper is higher by 4.8% in late morning trading.
FOXA 21st Century Fox
$45.15

0.02 (0.04%)

09/19/18
UBSW
09/19/18
DOWNGRADE
UBSW
Neutral
Sky downgraded to Neutral from Buy at UBS
UBS downgraded Sky (SKYAY) to Neutral while raising its price target for the shares to 1,600p from 1,500p. The firm cites valuation for the downgrade with the stock up over 70% in the last 12 months. Sky shares are pricing in high probability that Disney (DIS)/Fox (FOXA) will return with a higher offer, UBS says. It continues to believe the company is "strategically valuable" to both Disney/Fox and Comcast (CMCSA).
09/18/18
LOOP
09/18/18
NO CHANGE
Target $125
LOOP
Buy
Disney expected to acquire Sky through Fox, says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $125 price target on Disney (DIS), saying he continues to expect the company to acquire Sky (SKYAY) through Fox (FOXA) ahead of the 5-day auction process that may begin next week. The analyst believes that Disney "can afford to overpay" for the assets that he deems to be "strategically important" to its global DTC business and expects Fox to raise its Sky bid to "at least" match the GBP14.75 per share offer from Comcast (CMCSA). Gould also raises his expected Disney FY18 EPS view by 2c to $6.95 to account for strong film results in the current quarter.
CMCSK Comcast
$0.00

(0.00%)

10/03/18
STFL
10/03/18
NO CHANGE
Target $155
STFL
Buy
Trade Desk pullback due to misplaced concerns about Amazon, says Stifel
Stifel analyst John Egbert raised his mid- and long-term estimates for Trade Desk (TTD) citing momentum from new advertiser wins and the fact that platform spend and attach rates are benefiting from the recent New Wave product launch. He believes recent weakness in Trade Desk shares may be related to worries over online reports suggesting Amazon (AMZN) has discussed building a proprietary video ad serving product for its own streaming business, but sees these concerns as misplaced, Egbert added. Based on the available information, it seems like Amazon is focusing on video ad server technology, not a connected TV ad buying software tool, which would pit it against Trade Desk partners Comcast's (CMCSA) Freewheel and Google (GOOGL) Ad Manager, not Trade Desk itself, Egbert explains. He maintains a Buy rating on Trade Desk and raised his price target on the stock to $155 from $130.
07/25/18
JPMS
07/25/18
NO CHANGE
JPMS
Overweight
Invalidated patent 'not material' to TiVo court fight, says JPMorgan
JPMorgan analyst Sterling Auty noted that the USPTO's Patent Trial and Appeal Board has declared patent 8,433,696 held by TiVo (TIVO) to be invalid as it believes that the technology involves a variation of earlier know-how. While a "scary headline," the reality is this does not matter in terms of TiVo's court case with Comcast (CMCSA), since this patent was dropped from the case, said Auty, who keeps an Overweight rating on TiVo shares.
CMCSA Comcast
$34.50

0.82 (2.43%)

09/26/18
KEYB
09/26/18
NO CHANGE
Target $43
KEYB
Overweight
Comcast price target raised to $43 from $38 at KeyBanc
KeyBanc analyst Brandon Nispel raised his price target for Comcast ((CMCSA) to $43 from $38 as he sees a positive risk/reward. The analyst expects Comcast's cable business to outperform expectations, which should drive improved sentiment and profitability over the next one to two years. Nispel also believes there is an overhang lifted on the stock following its Sky (SKYAY) auction win. Comcast's management acumen to integrate Sky and the strategic value of the assets are underappreciated by Comcast investors, he contends, reiterating an Overweight rating on the shares.
10/12/18
JPMS
10/12/18
INITIATION
Target $42
JPMS
Overweight
Comcast reinstated with an Overweight at JPMorgan
JPMorgan analyst Philip Cusick reinstated coverage of Comcast with an Overweight rating and $42 price target following a period of restriction. The analyst says that while the Sky deal may position the company well long term, he doesn't "love it" due to the increased leverage and added complexity versus "what was previously a fairly simple story." However, Sky will account for just 9% of total company EBITDA and it may be too early to tell whether Comcast's foray into Europe will pan out at this point, Cusick tells investors in a research note. The analyst believes Comcast's current valuation is "compelling" given its top-line and EBITDA growth profile relative to mega cap peers.
10/12/18
10/12/18
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. Comcast (CMCSA) reinstated with an Overweight at JPMorgan. 2. Abeona Therapeutics (ABEO) initiated with a Buy at Mizuho. 3. Foamix (FOMX) initiated with an Overweight at Cantor Fitzgerald. 4. Match Group (MTCH) and IAC (IAC) were initiated with a Buy at Nomura Instinet while Angi Homeservices (ANGI) was initiated with a Neutral at Nomura Instinet. 5. Terex (TEX) initiated with a Neutral at Longbow. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
LGF.B Lionsgate
$21.46

0.96 (4.68%)

08/24/18
08/24/18
NO CHANGE

Barrington says litigation settlement removes Starz overhang for Lionsgate
Barrington analyst James Goss noted that a 25M share consortium of Starz investors contested the valuation Lionsgate paid in its December 2016 acquisition of Starz via seven class action complaints. Lionsgate has settled the litigation for $92.5M, a significant portion of which is expected to be covered by insurance. Goss reaffirmed an Outperform rating and $34 price target on Lionsgate, saying the settlement removes a significant uncertainty overhang on Lionsgate equity. The removal of this distraction will be a long-term positive, despite the incremental settlement value, Goss said.
09/11/18
RBCM
09/11/18
NO CHANGE
Target $32
RBCM
Outperform
Lionsgate subscription growth offers positive setup, says RBC Capital
RBC Capital analyst Steven Cahall kept his Outperform rating and $32 price target on Lionsgate, saying he is positive on the setup for "opportunistic buyers" given his view of expected subscription growth leading to increased investor confidence. The analyst says that investors are particularly interested in the trajectory of Starz subscriber growth and believes that FY19 is off to a "more encouraging start" than FY18, with Q2 benefits coming from the latest Power season start and incremental "over-the-top" segment contributions of about 3M subscriptions driving higher average revenue per user.
08/10/18
LOOP
08/10/18
NO CHANGE
Target $36
LOOP
Buy
Lionsgate well positioned as a 'leading content creator', says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $36 price target on Lionsgate after its Q1 earnings beat despite the delayed airing of Power TV show. The analyst also cites the company maintaining its 3-year guidance of mid-high single-digit compounded OIBDA growth and contends that Lionsgate is "well positioned as the leading independent content creator in a consolidating media industry." After a 30% decline in the stock price year-to-date, Gould believes that Lionsgate could react positively to the reported Starz subscriber gains of 300K.
08/24/18
BRRR
08/24/18
NO CHANGE
Target $34
BRRR
Outperform
Lionsgate litigation risks remain, says Barrington in a correction
Barrington analyst James Goss issued a correction, stating that today's Lionsgate settlement only addresses one of the two outstanding lawsuits related to the Starz transaction and that a larger class action matter will still go to court this fall. Goss adds that while today's settlement removes some of the litigation uncertainty, a larger legal issue remains outstanding. The analyst still keeps his Outperform rating and $34 price target on Lionsgate.
LGF.A Lionsgate
$22.72

1 (4.60%)

07/18/18
RHCO
07/18/18
UPGRADE
RHCO
Buy
Lionsgate upgraded to Buy from Hold at SunTrust
06/13/18
ARGS
06/13/18
NO CHANGE
Target $31
ARGS
Buy
Lionsgate price target lowered to $31 from $38 at Argus
Argus analyst Joseph Bonner lowered his price target on Lionsgate to $31, reflecting the management's flat earnings growth expectations in FY19 due to increased programming investments. The analyst is also lowering his FY19 EPS view to $1.30 from $1.42, while initiating FY20 EPS outlook of $1.40. Longer term, Bonner keeps his Buy rating on Lionsgate as the company ramps up its production in both the Motion Picture and Television segments and also points to its valuation of 1.9-times enterprise value to sales being 24% below peer average.
08/17/18
BRRR
08/17/18
NO CHANGE
Target $27
BRRR
Outperform
Lionsgate price target lowered to $27 from $34 at Barrington
Barrington analyst James Goss lowered his price target on Lionsgate to $27, updating his model to blend the more volatile growth-oriented traditional operations with its more steady Starz business. The analyst also keeps his Outperform rating, stating that the company relies less on the big-budget films like Hunger Games for sales growth but rather takes less risk with its current production decisions.
T AT&T
$32.23

0.48 (1.51%)

10/05/18
NOMU
10/05/18
DOWNGRADE
Target $31
NOMU
Neutral
Nomura Instinet downgrades CommScope to Neutral with $31 price target
Nomura Instinet analyst Jeffrey Kvaal downgraded CommScope (COMM) to Neutral from Buy and lowered his price target for the shares to $31 from $35. The analyst continues to view CommScope as a long-term beneficiary of both mobile and fiber spending growth. However, he believes that current tailwinds "appear less muscular than hoped." While CommScope and AT&T (T) initially planned to reach 15,000 towers with its FirstNet build by September 2018, that plan has softened to 15,000 by March 2019, Kvaal tells investors in a research note. He expects Q2 to prove the peak of FirstNet spending until mid-2019.
09/24/18
DBAB
09/24/18
NO CHANGE
DBAB
Buy
Deutsche Bank adds AT&T to Catalyst Call Buy list
Deutsche Bank analyst Matthew Niknam added AT&T to his firm's Catalyst Call Buy list saying he sees an "attractive setup" for the stock ahead of the company's Q3 results. The analyst sees "improving second derivative trends" in AT&T's two biggest segments this quarter, or Wireless and Entertainment Group. He believes the company can post upside to consensus earnings and free cash flow expectations for both Q3 and future periods and keeps a Buy rating on the shares.
09/21/18
09/21/18
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. Under Armour (UA, UAA) upgraded to Neutral from Underweight at JPMorgan with analyst Matthew Boss saying he views the stock's risk/reward as more balanced following the recent underperformance. 2. Acadia (ACAD) upgraded to Overweight from Neutral at Piper Jaffray with analyst Danielle Brill citing the FDA announcement of maintained support for Nuplazid after its review. 3. AT&T (T) upgraded to Buy from Neutral at UBS with analyst John Hodulik saying the stock is trading near all-time low valuations, and at its widest valuation gap to Verizon (VZ), given a mix of EBITDA declines, concerns over the debt load and secular issues impacting the space. 4. Diamond Offshore (DO) upgraded to Buy from Hold at HSBC. 5. Ingersoll-Rand (IR) upgraded to Overweight from Neutral at JPMorgan with analyst Stephen Tusa saying he views the stock's discounted valuation relative to peers as unwarranted following the company's transformation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/25/18
MKMP
09/25/18
NO CHANGE
Target $7.5
MKMP
Buy
Nokia gaining 5G market share with AT&T, says MKM Partners
MKM Partners analyst Michael Genovese kept his Buy rating and $7.50 price target on Nokia (NOK), saying his checks indicate that the company has "gained significant 5G base station market share at AT&T (T) at Ericsson's (ERIC) expense". The analyst notes that while 4G/LTE market share at AT&T was 65% Ericsson and 35% Nokia, the 5G Wireless Access infrastructure market share is likely at 65% Nokia and 35% Samsung (SSNLF). Genovese sees Nokia becoming the "prime infrastructure vendor" heading into 2019 - the year of "major positive global inflection for 5G".
VIA Viacom
$34.95

0.24 (0.69%)

09/10/18
BRRR
09/10/18
NO CHANGE
BRRR
CBS could be more attractive to technology company, says Barrington
Barrington analyst James Goss notes that the settlement between CBS (CBS) and National Amusements puts off the potential for a forced combination with Viacom (VIAB), which he feels has been an overhang on the stock for much of the past few years. Further, the departure of CEO Leslie Moonves ends an "extended period of turmoil that seemed headed toward this inevitable conclusion," Goss tells investors in a research note. The analyst reiterates an Outperform rating on CBS with a $73 price target. Goss finds it "quite possible" that CBS would be a more attractive takeover target for technology companies "that might like the business, but do not possess relevant management skills given the presence of a solid operating and financial executive like Joe Ianniello but the absence of an iconic presence like Les Moonves." He notes, however, that the terms requiring National Amusements having 30% voting power in the surviving entity "would need to be revised."
09/06/18
KEYB
09/06/18
NO CHANGE
KEYB
CBS/NAI settlement would likely be slight negative for Viacom, says KeyBanc
KeyBanc analyst Andy Hargreaves notes that several news outlets are reporting that CBS (CBS) and National Amusements are in settlement discussions that would, if completed, end the current litigation and end National Amusements' push to re-merge CBS with Viacom (VIAB) for a period of time. Although details are likely to be critical, the analyst would view this basic outline as a slight positive for CBS and a slight negative for Viacom. Absent a re-merger with CBS, Hargreaves believes a breakup and asset disposal would be the best path to maximize value at Viacom, which National Amusements has shown no interest in to date.

TODAY'S FREE FLY STORIES

BAC

Bank of America

$26.40

-0.96 (-3.51%)

10:40
10/23/18
10/23
10:40
10/23/18
10:40
Options
BofA calls outpace puts 13:1 »

BofA calls outpace puts…

03/08/13
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  • 24

    Oct

  • 25

    Oct

GLT

Glatfelter

$18.20

-0.295 (-1.60%)

10:40
10/23/18
10/23
10:40
10/23/18
10:40
Hot Stocks
Glatfelter's Composite Fibers unit announces 7% price increase »

Glatfelter announced its…

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  • 06

    Nov

10:40
10/23/18
10/23
10:40
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10:40
General news
Fed Policy Outlook: the markets will look for any sign the FOMC is reacting »

Fed Policy Outlook: the…

RH

RH

$110.05

0.95 (0.87%)

, MO

Altria Group

$60.96

-0.35 (-0.57%)

10:35
10/23/18
10/23
10:35
10/23/18
10:35
Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…

RH

RH

$110.05

0.95 (0.87%)

MO

Altria Group

$60.96

-0.35 (-0.57%)

GRTS

Gritstone Oncology

$16.10

0.93 (6.13%)

CZR

Caesars

$8.98

-0.51 (-5.37%)

TEAM

Atlassian

$70.16

-2.46 (-3.39%)

03/08/13
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  • 25

    Oct

EBAY

eBay

$27.72

-0.76 (-2.67%)

, DISH

Dish

$31.99

-2.67 (-7.70%)

10:35
10/23/18
10/23
10:35
10/23/18
10:35
Downgrade
On The Fly: Top five analyst downgrades »

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EBAY

eBay

$27.72

-0.76 (-2.67%)

DISH

Dish

$31.99

-2.67 (-7.70%)

INN

Summit Hotel Properties

$11.12

-0.74 (-6.24%)

STAY

Extended Stay America

$16.28

-1.2 (-6.87%)

LBRT

Liberty Oilfield Services

$16.14

-2.18 (-11.90%)

MLCO

Melco Resorts & Entertainment

$16.91

-0.83 (-4.68%)

03/08/13
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  • 30

    Oct

  • 31

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  • 31

    Oct

  • 01

    Nov

  • 03

    Mar

VIA

Viacom

$36.01

-0.6 (-1.64%)

, VIAB

Viacom

$32.66

-0.34 (-1.03%)

10:35
10/23/18
10/23
10:35
10/23/18
10:35
Upgrade
On The Fly: Top five analyst upgrades »

Catch up on today's…

VIA

Viacom

$36.01

-0.6 (-1.64%)

VIAB

Viacom

$32.66

-0.34 (-1.03%)

SNPS

Synopsys

$88.80

-0.07 (-0.08%)

CDNS

Cadence Design

$44.34

3.72 (9.16%)

PII

Polaris Industries

$86.99

-5.63 (-6.08%)

AMD

AMD

$24.35

-0.69 (-2.76%)

NXPI

NXP Semiconductors

$74.97

-1.5 (-1.96%)

CMG

Chipotle

$429.89

-1.36 (-0.32%)

03/08/13
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  • 24

    Oct

  • 25

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  • 01

    Nov

  • 06

    Dec

  • 13

    Dec

  • 12

    Mar

MGM

MGM Resorts

$24.84

-1.27 (-4.86%)

10:30
10/23/18
10/23
10:30
10/23/18
10:30
Options
Call spread in MGM as shares fall to 52-week lows »

Call spread in MGM as…

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  • 30

    Oct

10:30
10/23/18
10/23
10:30
10/23/18
10:30
General news
U.S. equities rotated sharply lower »

U.S. equities rotated…

TSLA

Tesla

$275.35

14.32 (5.49%)

10:29
10/23/18
10/23
10:29
10/23/18
10:29
Hot Stocks
Tesla races as short-seller Citron reverses course, goes long »

Citron Research, best…

03/08/13
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03/06/13
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03/06/13
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  • 24

    Oct

  • 29

    Oct

  • 13

    Dec

TOT

Total

$58.38

-1.47 (-2.46%)

10:28
10/23/18
10/23
10:28
10/23/18
10:28
Hot Stocks
Total CEO justifies appearance at Saudi investment conference »

Total CEO Patrick…

03/08/13
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03/06/13
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10:25
10/23/18
10/23
10:25
10/23/18
10:25
General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

10:25
10/23/18
10/23
10:25
10/23/18
10:25
Conference/Events
The FCC to hold a meeting »

Open Commission Meeting…

JBLU

JetBlue

$16.59

0.02 (0.12%)

10:20
10/23/18
10/23
10:20
10/23/18
10:20
Hot Stocks
Breaking Hot Stocks news story on JetBlue »

JetBlue says expects to…

03/08/13
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  • 23

    Oct

ARNC

Arconic

$20.73

-0.72 (-3.36%)

10:20
10/23/18
10/23
10:20
10/23/18
10:20
Options
Active trading in Arconic call options including a notable three-way spread »

Active trading in Arconic…

03/08/13
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03/06/13
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  • 30

    Oct

JBLU

JetBlue

$16.56

-0.01 (-0.06%)

10:18
10/23/18
10/23
10:18
10/23/18
10:18
Hot Stocks
JetBlue says Q4 booking trends 'encouraging' »

Says executing plan to…

03/08/13
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  • 23

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
10/23/18
10/23
10:17
10/23/18
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
10/23/18
10/23
10:16
10/23/18
10:16
Technical Analysis
NYSE market internals summary »

Volume is above average…

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CSCO

Cisco

$44.84

-0.91 (-1.99%)

10:15
10/23/18
10/23
10:15
10/23/18
10:15
Options
Cisco put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 24

    Oct

  • 25

    Oct

10:15
10/23/18
10/23
10:15
10/23/18
10:15
General news
U.S. Richmond Fed's manufacturing index dove 14 points to 15 in October »

U.S. Richmond Fed's…

10:15
10/23/18
10/23
10:15
10/23/18
10:15
General news
Treasury Action: yields extended their retreat »

Treasury Action: yields…

CLF

Cleveland-Cliffs

$10.96

-0.37 (-3.27%)

10:08
10/23/18
10/23
10:08
10/23/18
10:08
Recommendations
Cleveland-Cliffs analyst commentary  »

Vertical sees…

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WMT

Walmart

$96.98

-0.16 (-0.16%)

, SPWR

SunPower

$6.64

-0.1 (-1.48%)

10:08
10/23/18
10/23
10:08
10/23/18
10:08
Hot Stocks
Walmart, SunPower announce 23-megawatt solar agreement »

Walmart (WMT) announced…

WMT

Walmart

$96.98

-0.16 (-0.16%)

SPWR

SunPower

$6.64

-0.1 (-1.48%)

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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  • 28

    Oct

  • 30

    Oct

  • 15

    Nov

REV

Revlon

$24.60

-0.09 (-0.36%)

10:06
10/23/18
10/23
10:06
10/23/18
10:06
Periodicals
Mox Reports repeats long call on Revlon »

MoxReports tweeted:…

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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FTNT

Fortinet

$81.75

-1.22 (-1.47%)

10:05
10/23/18
10/23
10:05
10/23/18
10:05
Hot Stocks
Fortinet paid $18M in initial consideration for ZoneFox »

As previously reported,…

03/08/13
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03/06/13
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  • 01

    Nov

  • 10

    Dec

SIEGY

Siemens

$0.00

(0.00%)

10:05
10/23/18
10/23
10:05
10/23/18
10:05
Periodicals
Siemens delays signing $20B Saudi power deal, Bloomberg reports »

The decision by Siemens…

03/08/13
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03/06/13
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