Breaking News Instant updates and real-time market news.

CMCSA

Comcast

$36.25

0.3 (0.83%)

, CMCSK

Comcast

$0.00

(0.00%)

11:51
10/19/18
10/19
11:51
10/19/18
11:51

Box Office Battle: 'Halloween' opening to add to massive October

Comcast (CMCSA, CMCSK) subsidiary Universal and Blumhouse's "Halloween," which is opening this weekend and has already made $7.7M in Thursday night previews, is expected to be the second largest October opening ever, after Sony's (SNE) "Venom," which broke the record only two weeks ago. "Halloween," starring Jamie Lee Curtis, Judy Greer, and Will Patton, is expected to earn around $70M at 3,928 theaters in its first weekend, while "Venom," starring Tom Hardy as the titular anti-hero, is expected to earn $16M in its third weekend at theaters. Meanwhile, AT&T (T) subsidiary Warner Bros' musical drama "A Star is Born," starring Lady Gaga and Bradley Cooper, is expected to earn about $19M in its second weekend at theaters. Universal's "First Man," starring Ryan Gosling as astronaut Neil Armstrong, is expected to earn an additional $9M-$10M in its second weekend at theaters. Other publicly traded companies in filmmaking include 21st Century Fox (FOX, FOXA), Disney (DIS), Lionsgate (LGF.A, LGF.B), and Viacom (VIA, VIAB).

CMCSA

Comcast

$36.25

0.3 (0.83%)

CMCSK

Comcast

$0.00

(0.00%)

VIAB

Viacom

$33.63

-0.1 (-0.30%)

FOX

21st Century Fox

$45.48

0.02 (0.04%)

DIS

Disney

$118.20

1.94 (1.67%)

FOXA

21st Century Fox

$45.78

-0.03 (-0.07%)

SNE

Sony

$56.23

0.19 (0.34%)

T

AT&T

$32.77

0.27 (0.83%)

LGF.A

Lionsgate

$22.25

0.05 (0.23%)

VIA

Viacom

$37.17

-0.06 (-0.16%)

LGF.B

Lionsgate

$20.84

0.06 (0.29%)

  • 21

    Oct

  • 24

    Oct

  • 25

    Oct

  • 25

    Oct

  • 06

    Nov

  • 08

    Nov

  • 12

    Nov

  • 14

    Nov

  • 14

    Nov

CMCSA Comcast
$36.25

0.3 (0.83%)

10/18/18
10/18/18
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. Alphabet (GOOG, GOOGL) initiated with an Outperform at Wedbush. 2. BJ's Wholesale (BJ) initiated with a Perform at Oppenheimer. 3. Comcast (CMCSA) initiated with an Outperform at Evercore ISI. 4. Thomson Reuters (TRI) reinstated with a Neutral at Goldman Sachs. 5. Atomera (ATOM) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
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.
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.
10/18/18
EVER
10/18/18
INITIATION
Target $44
EVER
Outperform
Comcast initiated with an Outperform at Evercore ISI
Evercore ISI analyst Vijay Jayant resumed coverage on Comcast with an Outperform and $44 saying the Sky transaction diversifies the company's business internationally, with free cash flow share accretion in 2019E.
CMCSK Comcast
$0.00

(0.00%)

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.
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.
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.
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.
VIAB Viacom
$33.63

-0.1 (-0.30%)

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.
10/15/18
MSCO
10/15/18
INITIATION
Target $34
MSCO
Equal Weight
Viacom resumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne resumed coverage of Viacom (VIAB) with an Equal Weight rating and $34 price target, stating that while he is encouraged by new management's revamped strategy and recent personnel decisions, the dual overhangs of upcoming distributor renewals and CBS (CBS) merger speculation may keep the stock range-bound. Swinburne added that he does not expect Viacom to look to sell Paramount, and to his knowledge the company has not indicated it would do so, but he believes the film studio is a "true hidden asset."
10/15/18
MSCO
10/15/18
INITIATION
Target $65
MSCO
Equal Weight
CBS resumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne resumed coverage of CBS (CBS) with an Equal Weight rating and $65 price target, stating that he believes continued speculation around a Viacom (VIAB) transaction will prevent shares from reflecting the company's potential strategic value. However, he continues to believe that its assets, strategy and execution have "differentiated it from the pack," Swinburne tells investors. He also resumed coverage of Viacom with an Equal Weight rating.
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.
FOX 21st Century Fox
$45.48

0.02 (0.04%)

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.
10/15/18
MSCO
10/15/18
INITIATION
Target $53
MSCO
Overweight
21st Century Fox resumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne resumed coverage of 21st Century Fox (FOXA) with an Overweight rating and $53 price target, based on his valuation of $12 per share for "New Fox" and roughly $41 per share for "RemainCo." Swinburne said he expects New Fox's cable networks to deliver 7-8% annualized distribution fee growth through FY22, which he notes is higher growth than he projects for the U.S. TV assets it is selling to Disney (DIS). He projects roughly $2.1B of annual free cash flow generated on average for FY20-FY22, ramping up to nearly $2.5B in FY23, which he sees being used for dividends, buybacks and likely more M&A.
10/15/18
MSCO
10/15/18
NO CHANGE
Target $135
MSCO
Overweight
Disney shares appear 'compelling' at current levels, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne believes Disney (DIS) shares appear "compelling" at a current valuation of under 13x "core" FY20 pro forma EPS given the company's opportunity to maximize the potential of the acquired Fox (FOXA) assets and scale a direct-to-consumer business. He attributes investor reluctance to own Disney shares to uncertainty about its ability to simultaneously execute on a large acquisition, launch a global direct-to-consumer business and grow, but Swinburne sees this "complexity discount" as an opportunity, he tells investors. He maintains an Overweight rating on Disney shares with a $135 price target.
DIS Disney
$118.20

1.94 (1.67%)

10/19/18
LEHM
10/19/18
UPGRADE
Target $130
LEHM
Overweight
Barclays sees Disney becoming 'core holding' again, upgrades to Overweight
Barclays analyst Kannan Venkateshwar upgraded Disney to Overweight from Equal Weight and raised his price target for the shares to $130 from $105. The shares closed yesterday down 91c to $116.18. The stock is likely to become a "core holding" again, Venkateshwar tells investors in a research note partially titled "The Force Awakens." While almost everything about Disney's over-the-top story is conjecture and success is not a given, the company has the "key mix of assets to be successful and the opportunity from this pivot could be substantial," contends the analyst. He believes Disney's investor day could prove to be a catalyst to frame the scale of the OTT opportunity and help the company build a credible terminal value "story"' around the stock. And the analyst thinks current media multiples are more about terminal value optionality than near-term core trends. "In this respect, there are a few other names with a credible terminal value story other than Disney," writes Venkateshwar.
10/19/18
LEHM
10/19/18
UPGRADE
Target $130
LEHM
Overweight
Disney upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Kannan Venkateshwar upgraded Disney to Overweight from Equal Weight and raised his price target for the shares to $130 from $105.
10/19/18
10/19/18
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. Disney (DIS) upgraded to Overweight from Equal Weight at Barclays with analyst Kannan Venkateshwar saying the stock is likely to become a "core holding" again. 2. Dentsply Sirona (XRAY) double upgraded to Buy from Sell at Goldman Sachs with analyst Nathan Rich saying he now believes consensus estimates are achievable and that Dentsply's valuation is attractive relative to Medtech peers. 3. PayPal (PYPL) upgraded to Buy from Neutral at BTIG with analyst Mark Palmer saying the company's Venmo monetization progress was the deciding factor in his rating change. 4. Roku (ROKU) upgraded to Outperform from Sector Perform at RBC Capital with analyst Mark Mahaney saying the company's valuation has become more attractive following a 25% pullback in its stock price but believes Roku offers the "best opportunity for upwards estimates revisions." 5. O'Reilly Automotive (ORLY) upgraded to Overweight from Neutral at JPMorgan with analyst Christopher Horvers saying he sees "strong" fundamentals with "structurally positive industry factors." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FOXA 21st Century Fox
$45.78

-0.03 (-0.07%)

10/19/18
LEHM
10/19/18
INITIATION
Target $50
LEHM
Overweight
21st Century Fox reinstated with an Overweight at Barclays
Barclays analyst Kannan Venkateshwar reinstates coverage of 21st Century Fox with an Overweight rating and $50 price target. After shedding assets, the new Fox in some ways will re-emerge stronger and more focused, Venkateshwar tells investors in a research note. The analyst values New Fox at $12 per share.
10/19/18
IMPC
10/19/18
NO CHANGE
Target $32
IMPC
Outperform
MSG Networks price target raised to $32 from $29 at Imperial Capital
Imperial Capital analyst David Miller raised his price target for MSG Networks (MSGN) to $32 saying the market is "finally paying attention" to the company's de-leveraging campaign. The shares "could breakout even further" due to the potential of a new "valuation mark" set by the sale of the 21st Century Fox (FOXA) Regional Sports Networks, and specifically a sale of the YES Network to Yankee Global Enterprises, Miller tells investors in a research note. The analyst keeps an Outperform rating on MSG Networks.
SNE Sony
$56.23

0.19 (0.34%)

05/07/18
UBSW
05/07/18
DOWNGRADE
UBSW
Neutral
Sony downgraded to Neutral from Buy at UBS
10/19/18
PIPR
10/19/18
NO CHANGE
PIPR
September NPD video game software sales dropped 8%, says Piper Jaffray
Overall September NPD video game software sales were down 8% year-over-year despite launches of strong franchises, Piper Jaffray analyst Michael Olson tells investors in a research note. The top title for Sept. was Sony's (SNE) Spiderman followed by Take-Two's (TTWO) NBA 2K19, Ubisoft's Assassin's Creed and Electronic Arts' (EA) FIFA 19, the analyst points out. Olson views the Sept. NPD data as less relevant for Activision Blizzard (ATVI) given his expectation for greater than 75% of its revenue coming from digital sources. He maintains Overweight ratings on Activision, Electronic Arts and Take-Two.
09/10/18
FBCO
09/10/18
UPGRADE
FBCO
Outperform
Sony upgraded to Outperform from Neutral at Credit Suisse
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.
T AT&T
$32.77

0.27 (0.83%)

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.
09/25/18
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".
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.
10/18/18
NEED
10/18/18
NO CHANGE
Target $17
NEED
Buy
Adtran price target lowered to $17 at Needham on Q3 revenue slip
Needham analyst Richard Valera nudged his price target on Adtran (ADTN) lower to $17 from $18 and also lowered his FY19 EPS view to 15c from 42c after its Q3 revenues came in "light due to an explainable slip out of shipments to NBN". The analyst also notes the management's more downbeat view of its G.Fast program with AT&T (T), along with a generally more muted outlook for next year. Valera keeps a Buy on Adtran however, stating that although the stock is setting new 52-week lows on a series of disappointments, its valuation multiple of 1.1-times enterprise value to expected 2018 sales is supportive of the rating.
LGF.A Lionsgate
$22.25

0.05 (0.23%)

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.
07/18/18
RHCO
07/18/18
UPGRADE
RHCO
Buy
Lionsgate upgraded to Buy from Hold at SunTrust
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.
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.
VIA Viacom
$37.17

-0.06 (-0.16%)

LGF.B Lionsgate
$20.84

0.06 (0.29%)

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.
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.

TODAY'S FREE FLY STORIES

FTK

Flotek

$3.28

-0.07 (-2.09%)

07:17
03/20/19
03/20
07:17
03/20/19
07:17
Hot Stocks
Flotek to separate role of Chairman, CEO »

Flotek announced that as…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FDX

FedEx

$181.50

-0.92 (-0.50%)

07:16
03/20/19
03/20
07:16
03/20/19
07:16
Recommendations
FedEx analyst commentary  »

Deutsche defends FedEx…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Apr

  • 02

    Apr

  • 25

    Jun

WP

Worldpay

$107.39

-1.13 (-1.04%)

, FIS

FIS

$106.60

-1.54 (-1.42%)

07:16
03/20/19
03/20
07:16
03/20/19
07:16
Downgrade
Worldpay, FIS, Fiserv, First Data, Global Payments rating change  »

Worldpay downgraded to…

WP

Worldpay

$107.39

-1.13 (-1.04%)

FIS

FIS

$106.60

-1.54 (-1.42%)

FISV

Fiserv

$84.50

-0.59 (-0.69%)

FDC

First Data

$25.10

-0.26 (-1.03%)

GPN

Global Payments

$134.33

0.33 (0.25%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Mar

  • 27

    Mar

  • 28

    Mar

  • 04

    Apr

  • 25

    Apr

CAL

Caleres

$25.84

-1.3 (-4.79%)

, EMR

Emerson

$68.45

-0.32 (-0.47%)

07:13
03/20/19
03/20
07:13
03/20/19
07:13
Hot Stocks
Caleres elects Emerson CCO Lisa Flavin to board of directors »

Caleres (CAL) announced…

CAL

Caleres

$25.84

-1.3 (-4.79%)

EMR

Emerson

$68.45

-0.32 (-0.47%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Mar

  • 07

    May

SMAR

Smartsheet

$43.51

-0.16 (-0.37%)

07:12
03/20/19
03/20
07:12
03/20/19
07:12
Recommendations
Smartsheet analyst commentary  »

Smartsheet price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Apr

SSP

E.W. Scripps

$22.47

0.05 (0.22%)

, NXST

Nexstar

$105.71

-0.85 (-0.80%)

07:12
03/20/19
03/20
07:12
03/20/19
07:12
Hot Stocks
E.W. Scripps acquiring eight TV stations from Nexstar-Tribune merger divestiture »

E.W. Scripps (SSP) is…

SSP

E.W. Scripps

$22.47

0.05 (0.22%)

NXST

Nexstar

$105.71

-0.85 (-0.80%)

TRCO

Tribune Media

$46.08

0.02 (0.04%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GIS

General Mills

$47.24

-0.365 (-0.77%)

07:11
03/20/19
03/20
07:11
03/20/19
07:11
Hot Stocks
Breaking Hot Stocks news story on General Mills »

General Mills up 6.4% to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

LULU

Lululemon

$144.95

0.61 (0.42%)

07:11
03/20/19
03/20
07:11
03/20/19
07:11
Recommendations
Lululemon analyst commentary  »

Barclays remains…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Mar

ALXN

Alexion

$132.94

-0.53 (-0.40%)

, ZEAL

Zealand Pharma

$15.60

(0.00%)

07:11
03/20/19
03/20
07:11
03/20/19
07:11
Hot Stocks
Alexion, Zealand Pharma announce collaboration for peptide therapies »

Alexion Pharmaceuticals…

ALXN

Alexion

$132.94

-0.53 (-0.40%)

ZEAL

Zealand Pharma

$15.60

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

  • 28

    Jun

GIS

General Mills

$47.24

-0.365 (-0.77%)

07:10
03/20/19
03/20
07:10
03/20/19
07:10
Hot Stocks
General Mills sees FY19 adjusted operating profit at high end of 6%-9% growth »

Constant-currency…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

07:10
03/20/19
03/20
07:10
03/20/19
07:10
General news
FX Update: The dollar has traded steady-to-firmer »

FX Update: The dollar has…

NTNX

Nutanix

$38.78

0.425 (1.11%)

07:09
03/20/19
03/20
07:09
03/20/19
07:09
Conference/Events
Nutanix to host investor day »

Investor Day to be held…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

  • 21

    Mar

  • 04

    Apr

  • 09

    Jul

TGNA

Tegna

$14.42

-0.2 (-1.37%)

, NXST

Nexstar

$105.71

-0.85 (-0.80%)

07:09
03/20/19
03/20
07:09
03/20/19
07:09
Hot Stocks
TEGNA to acquire 11 local television stations from Nexstar for $740M »

TEGNA (TGNA) announced…

TGNA

Tegna

$14.42

-0.2 (-1.37%)

NXST

Nexstar

$105.71

-0.85 (-0.80%)

TRCO

Tribune Media

$46.08

0.02 (0.04%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

  • 25

    Apr

GOOG

Alphabet

$1,199.71

16.05 (1.36%)

, GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

07:08
03/20/19
03/20
07:08
03/20/19
07:08
Recommendations
Alphabet, Alphabet Class A, Sony, Microsoft, Amazon.com analyst commentary  »

Google's Stadia…

GOOG

Alphabet

$1,199.71

16.05 (1.36%)

GOOGL

Alphabet Class A

$1,203.13

15.04 (1.27%)

SNE

Sony

$45.50

-0.595 (-1.29%)

MSFT

Microsoft

$117.72

0.12 (0.10%)

AMZN

Amazon.com

$1,762.45

20.45 (1.17%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

  • 26

    Mar

  • 27

    Mar

  • 04

    Apr

  • 29

    Apr

  • 29

    Apr

  • 27

    Oct

AIR

AAR Corp.

$35.10

(0.00%)

07:08
03/20/19
03/20
07:08
03/20/19
07:08
Recommendations
AAR Corp. analyst commentary  »

AAR Corp. price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TEUM

Pareteum

$5.04

-0.67 (-11.73%)

, CTXS

Citrix

$101.31

-0.24 (-0.24%)

07:08
03/20/19
03/20
07:08
03/20/19
07:08
Hot Stocks
Pareteum's iPass SmartConnect solution selected for Citrix »

Pareteum (TEUM) announced…

TEUM

Pareteum

$5.04

-0.67 (-11.73%)

CTXS

Citrix

$101.31

-0.24 (-0.24%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

  • 17

    Apr

  • 28

    May

RTIX

RTI Surgical

$5.88

-0.08 (-1.34%)

07:08
03/20/19
03/20
07:08
03/20/19
07:08
Hot Stocks
RTI Surgical enrolls first patient in FORTE study »

RTI Surgical announced it…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 04

    Apr

  • 28

    May

GIS

General Mills

$47.24

-0.365 (-0.77%)

07:08
03/20/19
03/20
07:08
03/20/19
07:08
Hot Stocks
General Mills CEO confident in meeting, exceeding all FY19 targets »

"We had a strong…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

CREE

Cree

$57.27

0.36 (0.63%)

07:07
03/20/19
03/20
07:07
03/20/19
07:07
Upgrade
Cree rating change  »

Cree upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    May

BHC

Bausch Health

$26.29

1.745 (7.11%)

07:07
03/20/19
03/20
07:07
03/20/19
07:07
Initiation
Bausch Health initiated  »

Bausch Health initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VERI

Veritone

$6.34

-0.155 (-2.39%)

07:07
03/20/19
03/20
07:07
03/20/19
07:07
Conference/Events
Veritone to host investor day »

Investor Day to be held…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

GIS

General Mills

$47.24

-0.365 (-0.77%)

07:06
03/20/19
03/20
07:06
03/20/19
07:06
Hot Stocks
General Mills expects Q4 Blue Buffalo's net sales to 'accelerate meaningfully' »

For the fourth quarter of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Mar

NXST

Nexstar

$105.71

-0.85 (-0.80%)

, TRCO

Tribune Media

$46.08

0.02 (0.04%)

07:06
03/20/19
03/20
07:06
03/20/19
07:06
Hot Stocks
Nexstar expects Tribune deal to result in 46% growth to average annual FCF »

Nexstar (NXST) CEO Perry…

NXST

Nexstar

$105.71

-0.85 (-0.80%)

TRCO

Tribune Media

$46.08

0.02 (0.04%)

TGNA

Tegna

$14.42

-0.2 (-1.37%)

SSP

E.W. Scripps

$22.47

0.05 (0.22%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

  • 25

    Apr

MDR

McDermott

$7.62

-0.285 (-3.61%)

07:06
03/20/19
03/20
07:06
03/20/19
07:06
Hot Stocks
McDermott awarded ethylene contract in Russia »

McDermott has been…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

FDX

FedEx

$181.50

-0.92 (-0.50%)

07:06
03/20/19
03/20
07:06
03/20/19
07:06
Recommendations
FedEx analyst commentary  »

FedEx price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Apr

  • 02

    Apr

  • 25

    Jun

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.