Breaking News Instant updates and real-time market news.

EA

Electronic Arts

$94.54

3.36 (3.69%)

, TTWO

Take-Two

$124.06

12.53 (11.23%)

17:26
10/30/18
10/30
17:26
10/30/18
17:26

EA 'confident' that 'FIFA 19' players will get into 'Ultimate Team'

EA (EA) says it's "confident" that "FIFA 19" players will gradually get into "FIFA Ultimate Team." Says had one of the strongest "Ultimate Team" weekends recently despite attention given to Take-Two's (TTWO) "Red Dead Redemption 2." Says "very excited" about subsidiary BioWare's upcoming game "Anthem."

EA

Electronic Arts

$94.54

3.36 (3.69%)

TTWO

Take-Two

$124.06

12.53 (11.23%)

  • 30

    Oct

  • 07

    Nov

  • 15

    Nov

  • 26

    Nov

EA Electronic Arts
$94.54

3.36 (3.69%)

10/29/18
10/29/18
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. Electronic Arts (EA) downgraded to Sector Weight from Overweight at KeyBanc with analyst Evan Wingren saying he expects negative estimate revisions, and has diminished confidence in the pipeline, which is likely to continue to limit valuation expansion in the near-term. 2. Colgate-Palmolive (CL) downgraded to Underweight from Neutral at JPMorgan with analyst Andrea Teixeira saying she sees the company's "weak growth" continuing amid intense competition and cost challenges. 3. Palo Alto Networks (PANW) downgraded to Hold from Buy at Summit Insights. 4. Western Digital (WDC) downgraded to Hold from Buy at Loop Capital with analyst Ananda Baruah saying his work on the company's Q3 results has led to a conclusion that NAND memory average selling price declines could "exacerbate entering January" and believes that consensus view on the company's FY19 EPS remains too high. 5. Avangrid (AGR) downgraded to Neutral from Buy at Goldman Sachs with analyst Michael Lapides saying his revised earnings estimates now imply "significant downside risk" to company guidance and consensus numbers, especially for 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/29/18
10/29/18
DOWNGRADE

Sector Weight
Electronic Arts downgraded to Sector Weight on lack of catalysts at KeyBanc
As previously reported, KeyBanc analyst Evan Wingren downgraded Electronic Arts to Sector Weight from Overweight as visibility remains low. The analyst expects negative estimate revisions, and has diminished confidence in the pipeline, which is likely to continue to limit valuation expansion in the near-term. Wingren sees long-term value, but the lack of positive catalysts and execution concerns ultimately outweigh it and positive long-term thematic drivers of the industry, over the next 12 months.
10/29/18
KEYB
10/29/18
DOWNGRADE
KEYB
Sector Weight
Electronic Arts downgraded to Sector Weight from Overweight at KeyBanc
10/25/18
RHCO
10/25/18
NO CHANGE
Target $116
RHCO
Buy
Electronic Arts price target lowered to $116 from $140 at SunTrust
SunTrust analyst Matthew Thornton lowered his price target on Electronic Arts to $116 ahead of its Q2 earnings next week, also lowering his FY19 EPS view to $4.69 from $4.75 and FY20 to $5.23 from $5.31. The analyst cites FX headwinds and more conservative outlook for the company's FIFA and Battlefield videogame sales, adding that the buy-side sentiment on the stock is also more negative than the sell-side amid execution concerns for the company. Longer term, Thornton keeps his Buy rating on Electronic Arts to reflect its attractive 16.9-times forward free cash flow multiple.
TTWO Take-Two
$124.06

12.53 (11.23%)

10/30/18
PIPR
10/30/18
NO CHANGE
Target $145
PIPR
Overweight
Piper says 'Red Dead 2' unit estimates look conservative after record launch
After Take-Two (TTWO) announced $725M of first weekend sell-through for "Red Dead Redemption 2," Piper Jaffray analyst Michael Olson noted this was about 40% above the sales Activision (ATVI) announced "Call of Duty: Black Ops 4" sold during its first weekend. He believes buy-side expectations for Black Ops 4 are 23-24M units by the end of December, while expectations for Red Dead were previously about 19M by the end of March, which now appear overly conservative. While he is not raising his own estimate for 15.5M units for FY19 yet, Olson said it also "appears conservative." He reiterates an Overweight rating and $145 price target on Take-Two shares.
10/30/18
BARD
10/30/18
NO CHANGE
Target $140
BARD
Outperform
Take-Two record launch raises odds of 'Red Dead' upside, says Baird
After Take-Two Interactive announced global sell-through of over $725M for "Red Dead Redemption 2" over the game's launch weekend, giving it the largest opening weekend in entertainment industry history, Baird analyst Colin Sebastian said the record launch increases the odds of upside potential for his Q3 target of about 18M units sold and FY19 estimate of roughly 22M units. The installed base also creates greater opportunity for the game's upcoming online launch, added Sebastian, who keeps an Outperform rating and $140 price target on Take-Two shares.
10/25/18
PIPR
10/25/18
NO CHANGE
Target $145
PIPR
Overweight
'Red Dead Redemption 2' among best reviewed games ever, says Piper Jaffray
Piper Jaffray analyst Michael Olson noted "Red Dead Redemption 2" has a current average "metacritic" score of 97.5 on 94 reviews, which he said ranks it "among the top reviewed titles of a all time." He is still modeling sales of 15.5M units for FY19, but given the strong reviews believes his estimate could prove conservative. Olson keeps an Overweight rating and $145 price target on "Red Dead" maker Take-Two.
10/25/18
BARD
10/25/18
NO CHANGE
Target $140
BARD
Outperform
Reviews for Take-Two's new 'Red Dead' very positive, says Baird
Initial metacritic scores for Take-Two Interactive's "Red Dead Redemption 2" are very positive, Baird analyst Colin Sebastian tells investors in a research note. The game currently has a 97 rating on metacritic.com for the PS4, on par with the last major release for the studio's blockbuster "Grand Theft Auto" franchise and slightly higher than the prior "Red Dead" title, the analyst points out. Sebastian says the early reviews provide him with additional confidence in his unit forecasts. The analyst currently anticipates 22M units for fiscal 2019, with upside potential to the 25M unit level. He maintains an Outperform rating on Take-Two shares with a $140 price target.

TODAY'S FREE FLY STORIES

PVTL

Pivotal Software

$13.69

0.01 (0.07%)

, VMW

VMware

$148.15

0.11 (0.07%)

06:06
08/23/19
08/23
06:06
08/23/19
06:06
Downgrade
Pivotal Software, VMware rating change  »

Pivotal Software…

PVTL

Pivotal Software

$13.69

0.01 (0.07%)

VMW

VMware

$148.15

0.11 (0.07%)

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

    Sep

  • 10

    Sep

  • 10

    Oct

PACW

PacWest Bancorp

$33.83

0.56 (1.68%)

06:05
08/23/19
08/23
06:05
08/23/19
06:05
Initiation
PacWest Bancorp initiated  »

PacWest Bancorp 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

  • 23

    Sep

CAAP

Corporacion America Airport

$5.81

0.295 (5.35%)

06:04
08/23/19
08/23
06:04
08/23/19
06:04
Hot Stocks
Corporacion America Airport reports Q2 passenger traffic up 3.8% y/y »

Cargo volume increased…

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

  • 23

    Aug

NVS

Novartis

$88.97

-1.23 (-1.36%)

06:04
08/23/19
08/23
06:04
08/23/19
06:04
Periodicals
FDA zeroes in on Novartis delay in reporting data manipulation, WSJ reports »

Regulators examining test…

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

  • 03

    Sep

  • 09

    Sep

  • 19

    Sep

  • 25

    Sep

CAAP

Corporacion America Airport

$5.81

0.295 (5.35%)

06:03
08/23/19
08/23
06:03
08/23/19
06:03
Earnings
Corporacion America Airport reports Q2 EPS 31c, may not compare consensus (10c) »

Reports Q2 revenue…

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

  • 23

    Aug

QFIN

360 Finance

$10.65

0.05 (0.47%)

06:03
08/23/19
08/23
06:03
08/23/19
06:03
Hot Stocks
360 Finance CEO Jun Xu resigns, Haisheng Wu named successor »

360 Finance announced…

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

  • 23

    Aug

TGI

Triumph Group

$22.70

0.19 (0.84%)

06:00
08/23/19
08/23
06:00
08/23/19
06:00
Downgrade
Triumph Group rating change  »

Triumph Group downgraded…

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

DB

Deutsche Bank

$7.17

0.155 (2.21%)

, BNPQY

BNP Paribas

$0.00

(0.00%)

06:00
08/23/19
08/23
06:00
08/23/19
06:00
Periodicals
Deutsche Bank to move up to 800 staff members to BNP Paribas, FT reports »

Deutsche Bank (DB) plans…

DB

Deutsche Bank

$7.17

0.155 (2.21%)

BNPQY

BNP Paribas

$0.00

(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

MO

Altria Group

$46.57

0.32 (0.69%)

05:57
08/23/19
08/23
05:57
08/23/19
05:57
Upgrade
Altria Group rating change  »

Altria Group 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

AMZN

Amazon.com

$1,804.00

-19.19 (-1.05%)

05:52
08/23/19
08/23
05:52
08/23/19
05:52
Periodicals
Amazon to stop using tips to cover wages for Flex drivers, LA Times reports »

Amazon says it will no…

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

    Oct

OXY

Occidental Petroleum

$44.69

-0.35 (-0.78%)

05:49
08/23/19
08/23
05:49
08/23/19
05:49
Initiation
Occidental Petroleum initiated  »

Occidental Petroleum…

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

    Aug

LZB

La-Z-Boy

$31.52

1.48 (4.93%)

05:45
08/23/19
08/23
05:45
08/23/19
05:45
Upgrade
La-Z-Boy rating change  »

La-Z-Boy 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

  • 27

    Aug

HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

05:45
08/23/19
08/23
05:45
08/23/19
05:45
Downgrade
HP Inc. rating change  »

HP Inc. downgraded In…

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

  • 10

    Sep

HCM

Hutchison China MediTech

$20.53

0.13 (0.64%)

05:34
08/23/19
08/23
05:34
08/23/19
05:34
Hot Stocks
Chi-Med initiates Phase I study of HMPL-523 »

Hutchison China MediTech…

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

  • 09

    Sep

SMSEY

Samsonite International

$0.00

(0.00%)

04:55
08/23/19
08/23
04:55
08/23/19
04:55
Conference/Events
Samsonite International management to meet with JPMorgan »

Meetings to be held in…

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

  • 23

    Aug

SERV

ServiceMaster

$58.21

0.37 (0.64%)

04:55
08/23/19
08/23
04:55
08/23/19
04:55
Conference/Events
ServiceMaster management to meet with Buckingham »

Meeting to be held in New…

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

  • 23

    Aug

  • 28

    Aug

  • 12

    Nov

  • 13

    Nov

  • 14

    Nov

  • 15

    Nov

04:55
08/23/19
08/23
04:55
08/23/19
04:55
General news
Breaking General news story  »

Federal Reserve Chairman…

URBN

Urban Outfitters

$23.91

1.53 (6.84%)

04:55
08/23/19
08/23
04:55
08/23/19
04:55
Conference/Events
Urban Outfitters management to meet with MKM Partners »

Meetings to be held in…

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

    Sep

  • 19

    Nov

GLOB

Globant

$96.92

3.21 (3.43%)

04:55
08/23/19
08/23
04:55
08/23/19
04:55
Conference/Events
Globant management to meet with William Blair »

Meetings to be held in…

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

  • 23

    Aug

04:55
08/23/19
08/23
04:55
08/23/19
04:55
General news
New Home Sales to be reported at 10:00 »

July New Home Sales will…

GKOS

Glaukos

$61.31

-1.71 (-2.71%)

04:55
08/23/19
08/23
04:55
08/23/19
04:55
Conference/Events
Glaukos management to meet with JPMorgan »

Meeting to be held in…

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

  • 23

    Aug

  • 26

    Aug

  • 04

    Sep

  • 13

    Nov

AMAT

Applied Materials

$47.04

0.21 (0.45%)

, AMD

AMD

$31.90

0.2 (0.63%)

04:55
08/23/19
08/23
04:55
08/23/19
04:55
Conference/Events
MUFG Securities to hold a tour »

MUFG Securities Tech Tour…

AMAT

Applied Materials

$47.04

0.21 (0.45%)

AMD

AMD

$31.90

0.2 (0.63%)

ANET

Arista Networks

$227.19

0.48 (0.21%)

CHKP

Check Point

$109.20

-0.01 (-0.01%)

CSCO

Cisco

$48.20

-0.59 (-1.21%)

EQIX

Equinix

$554.08

2.15 (0.39%)

FLEX

Flex

$10.26

0.26 (2.60%)

INTC

Intel

$46.76

-0.39 (-0.83%)

NVDA

Nvidia

$171.44

0.21 (0.12%)

OTEX

OpenText

$39.11

0.18 (0.46%)

PYPL

PayPal

$108.74

-1.09 (-0.99%)

RNG

RingCentral

$142.36

2.33 (1.66%)

SQ

Square

$64.65

-0.78 (-1.19%)

STX

Seagate

$47.58

0.36 (0.76%)

TWLO

Twilio

$130.48

-0.57 (-0.43%)

V

Visa

$180.15

-0.8 (-0.44%)

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

    Aug

  • 28

    Aug

  • 28

    Aug

  • 29

    Aug

  • 05

    Sep

  • 06

    Sep

  • 09

    Sep

  • 10

    Sep

  • 16

    Sep

  • 17

    Sep

  • 18

    Sep

  • 19

    Sep

  • 10

    Oct

  • 15

    Oct

  • 24

    Oct

  • 27

    Oct

  • 06

    Nov

  • 13

    Nov

  • 13

    Nov

  • 12

    Dec

  • 16

    Dec

04:55
08/23/19
08/23
04:55
08/23/19
04:55
Conference/Events
Wolfe Research healthcare analysts to hold an analyst/industry webcast »

Global Pharma Analyst…

04:55
08/23/19
08/23
04:55
08/23/19
04:55
General news
Breaking General news story  »

Week of 8/23 Baker-Hughes…

CMS

CMS Energy

$62.13

0.04 (0.06%)

04:55
08/23/19
08/23
04:55
08/23/19
04:55
Conference/Events
CMS Energy management to meet with RBC Capital »

Meetings to be held in…

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

  • 23

    Aug

  • 29

    Aug

  • 10

    Nov

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.