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FB

Facebook

$148.68

-1.56 (-1.04%)

, FOX

21st Century Fox

$46.42

0.32 (0.69%)

06:15
11/06/18
11/06
06:15
11/06/18
06:15

Facebook pulls Trump's controversial immigrant ad, Bloomberg reports

Facebook (FB) pulled Donald Trump's controversial immigrant ad from paid distribution for violating its advertising policy on "sensational content" after Fox News (FOXA) and NBC (CMCSA) pulled the ad, Bloomberg reports. The ad, which claims the migrant caravan headed toward the U.S. consists of "dangerous illegal criminals," can still be posted on Facebook, but not through the social network's paid advertisement distribution system, according to the report. Reference Link

FB

Facebook

$148.68

-1.56 (-1.04%)

FOX

21st Century Fox

$46.42

0.32 (0.69%)

FOXA

21st Century Fox

$46.83

0.31 (0.67%)

CMCSA

Comcast

$38.03

0.4 (1.06%)

CMCSK

Comcast

$0.00

(0.00%)

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    Nov

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    Dec

FB Facebook
$148.68

-1.56 (-1.04%)

10/31/18
BMOC
10/31/18
NO CHANGE
Target $175
BMOC
Market Perform
Facebook price target lowered to $175 from $190 at BMO Capital
BMO Capital analyst Daniel Salmon lowered his price target on Facebook to $175 and kept his Market Perform rating after its Q3 results and outlook, saying the company's 2019 expense growth guidance also lowers his FY19 EPS view to $7.53 from $8.25. The analyst notes however that the acceleration of Facebook's Stories feature could support a "more positive view" as he awaits more data points and channel check findings.
10/31/18
RSBL
10/31/18
NO CHANGE
Target $206
RSBL
Buy
Facebook has 'found the bottom,' says Rosenblatt
Rosenblatt analyst Mark Zgutowicz, in a note to investors partially titled "Found the Bottom, Let the New Facebook Begin," said Facebook's guidance for essentially a second expense reset in calendar 2019 "substantially lowers the wall of worry" and puts the stock "on firmer ground." Investors will gain more clarity on the return profile of a newly engaged Facebook in the near-term, said the analyst, who sees operating margin bottoming in 3Q19 and then steadily rebuilding through calendar 2020. He lowered his price target on Facebook shares to $206 from $213 and reiterates a Buy rating.
10/31/18
STFL
10/31/18
NO CHANGE
Target $186
STFL
Buy
Facebook price target lowered to $186, removed from Select List at Stifel
Stifel analyst Scott Devitt lowered his price target on Facebook shares to $186 from $202 and removed the stock from the Stifel Select List, stating that while he still has confidence following the company's Q3 report, investments in the health of the platform and upside opportunities will take time. User growth came in ahead of consensus expectations, excluding a methodology change, which he views as suggesting users are "as attached as ever" to the service, Devitt added. He keeps a Buy rating on Facebook shares.
10/31/18
JEFF
10/31/18
NO CHANGE
Target $200
JEFF
Buy
Patient Facebook investors will be rewarded, says Jefferies
Jefferies analyst Brent Thill says that while Facebook's growth is decelerating, 2019 "seems to be a pivot point with investment stabilizing." He sees the company's earnings growth accelerating into the high teens and models $10-plus earnings per share in 2021. It will probably take a few quarters for sentiment to reverse, but with Facebook trading 20 times projected 2019 estimates, the shares have more upside than downside, Thill tells investors in a post-earnings research note. He believes patient investors will be rewarded at these levels as Facebook "turns the corner on investment in '19." Thill keeps a Buy rating on the shares with a $200 price target.
FOX 21st Century Fox
$46.42

0.32 (0.69%)

10/30/18
MSCO
10/30/18
NO CHANGE
Target $95
MSCO
Overweight
WWE shares 'on sale' after pullback, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne noted that WWE (WWE) shares are down by over 30% this month, which he sees as a "rare opportunity" to buy shares of a company that he sees having both highly visible earnings growth and growing intellectual property value. He attributes the rapid selloff primarily to a broader market rotation out of risk assets due to rising interest rates and concerns over achieving long-term growth, but he thinks this "does not make sense" given that WWE's EBITDA opportunity "is not a decade away, but rather a year away," Swinburne tells investors. Two contracts underwritten by Comcast (CMCSA) and Fox (FOXA) drive the bulk of its earnings growth and its financial outlook has no immediate exposure to ratings or cord-cutting, Swinburne added. While he trimmed his price target on WWE shares to $95 from $105 after bumping up his investment expectations for 2019, the analyst maintains an Overweight rating on the stock.
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.
10/15/18
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.
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.
FOXA 21st Century Fox
$46.83

0.31 (0.67%)

11/05/18
EVER
11/05/18
INITIATION
Target $52
EVER
Outperform
21st Century Fox resumed with an Outperform at Evercore ISI
Evercore ISI analyst Vijay Jayant resumed coverage on 21st Century Fox with an Outperform and $52 price target.
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.
CMCSA Comcast
$38.03

0.4 (1.06%)

10/26/18
10/26/18
UPGRADE
Target $44

Outperform
Credit Suisse upgrades Comcast to Outperform on increased confidence in growth
As previously reported, Credit Suisse analyst Douglas Mitchelson upgraded Comcast to Outperform from Neutral, stating that he has increased confidence in its growth outlook given renewed momentum in broadband net adds, pricing upside, the deteriorating competitive positioning of satellite, wireless investment likely having peaked, and NBCU being well positioned. Additionally, he sees the potential for capital intensity to moderate meaningfully over time. Mitchelson increased his estimates above consensus and raised his price target on Comcast shares to $44 from $36.
10/24/18
10/24/18
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. Tesla (TSLA) initiated with an Outperform at JMP Securities. 2. Comcast (CMCSA) resumed with a Buy at Deutsche Bank, reinstated with a Buy at Citi, and assumed with a Neutral at Guggenheim. 3. 2U (TWOU) initiated with a Buy at Needham. 4. Corbus Pharmaceuticals (CRBP) initiated with a Buy at B. Riley FBR. 5. Entasis Therapeutics (ETTX) initiated with a Buy at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/26/18
FBCO
10/26/18
UPGRADE
FBCO
Outperform
Comcast upgraded to Outperform from Neutral at Credit Suisse
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.

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NVDA

Nvidia

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AXP

American Express

$109.52

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$89.21

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BCRX

BioCryst

$7.31

0.31 (4.43%)

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UBSH

Union Bankshares

$34.26

0.455 (1.35%)

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JCP

J.C. Penney

$1.37

0.14 (11.38%)

07:24
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NVDA

Nvidia

07:23
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TPR

Tapestry

$40.99

-0.11 (-0.27%)

07:23
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11/16
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  • 19

    Nov

IFF

International Flavors

$142.28

1.01 (0.71%)

07:23
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GLOG

GasLog

$20.02

0.17 (0.86%)

, GLOP

GasLog Partners

$24.01

0.16 (0.67%)

07:22
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GasLog, GasLog Partners to modify IDR »

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GLOG

GasLog

$20.02

0.17 (0.86%)

GLOP

GasLog Partners

$24.01

0.16 (0.67%)

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KORS

Michael Kors

$47.22

-0.77 (-1.60%)

07:21
11/16/18
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07:21
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Michael Kors rating change  »

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NVDA

Nvidia

$202.65

5.43 (2.75%)

07:21
11/16/18
11/16
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GAB

Gabelli Eqty Trust

$6.03

0.02 (0.33%)

07:20
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JCP

J.C. Penney

$1.37

0.14 (11.38%)

07:20
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07:20
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FX Update: The dollar has traded mixed »

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AMAT

Applied Materials

$35.03

1.44 (4.29%)

07:19
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BPMC

Blueprint Medicines

$52.33

-4.05 (-7.18%)

07:18
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  • 01

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CUB

Cubic

$65.71

1.78 (2.78%)

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C

Citi

$64.59

1.09 (1.72%)

07:17
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SIGI

Selective Insurance

$64.11

1.81 (2.91%)

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AGIO

Agios Pharmaceuticals

$67.26

3.54 (5.56%)

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  • 01

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JCP

J.C. Penney

$1.37

0.14 (11.38%)

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PRU

Prudential

$92.49

-0.27 (-0.29%)

07:15
11/16/18
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  • 06

    Dec

WSM

Williams-Sonoma

$60.60

-1.16 (-1.88%)

07:14
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NVDA

Nvidia

$202.65

5.43 (2.75%)

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