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AMZN

Amazon.com

$1,649.84

22.14 (1.36%)

, ROKU

Roku

$55.94

-0.94 (-1.65%)

10:25
11/06/18
11/06
10:25
11/06/18
10:25

Morgan Stanley analysts to hold an analyst/industry conference call

Analysts discuss the streaming market on an Analyst/Industry conference call to be held on November 6 at 11 am.

AMZN

Amazon.com

$1,649.84

22.14 (1.36%)

ROKU

Roku

$55.94

-0.94 (-1.65%)

  • 06

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    Nov

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    Dec

AMZN Amazon.com
$1,649.84

22.14 (1.36%)

11/06/18
LEHM
11/06/18
DOWNGRADE
Target $18
LEHM
Underweight
Barclays downgrades New York Times to Underweight on valuation
Barclays analyst Kannan Venkateshwar downgraded New York Times (NYT) to Underweight from Equal Weight and lowered his price target for the shares to $18 from $20. The stock is up 50% this year, right between Amazon's (AMZN) 40% rally and Netflix's (NFLX) 64%, Venkateshwar tells investors in a research note. New York Times investors appear to have transitioned to a valuation framework based on digital net adds rather than earnings, says the analyst. However, he believes this valuation transition "is too premature and could force suboptimal choices on management." Venkateshwar says the valuation is "ahead of the story."
11/05/18
BARD
11/05/18
NO CHANGE
Target $2100
BARD
Outperform
Amazon Q4 profit likely to be minimally impacted by free shipping, says Baird
Baird analyst Colin Sebastian assumes Amazon's newly-announced free shipping promotions will drive somewhat higher order volume with a slight increase in average order value, estimating that Amazon will generate roughly $500M in incremental revenues and an equivalent amount of incremental shipping costs due to the deals. However, he also assume that the free shipping promotion is worth roughly $100M in holiday ads or other promotional spending. In total, he sees the net impact of this free shipping promotion to be a $300M drag on operating income, or a 5-6% impact overall to Amazon's Q4 operating profit. The analyst, who also thinks the free shipping is presumably already reflected in the company's Q4 guidance, keeps an Outperform rating and $2,100 price target on Amazon shares.
11/02/18
SPHN
11/02/18
DOWNGRADE
Target $26
SPHN
Underweight
Synchrony downgraded to Underweight from Equal Weight at Stephens
Stephens analyst Vincent Caintic downgraded Synchrony (SYF) to Underweight from Equal Weight, citing the negative implications he sees from the lawsuit against the company from Walmart (WMT). Beyond the potential for over $800M in damages, the suit implies the Sam's Club account is lost, the Amazon (AMZN) account is "in jeopardy," and other retailers can be expected to "take a hard look" at their own relationships with Synchrony, Caintic believes. He lowered his price target on Synchrony shares to $26 from $32.
11/01/18
DAIW
11/01/18
UPGRADE
Target $2000
DAIW
Buy
Daiwa upgrades Amazon to Buy from Outperform after selloff
Daiwa analyst Satoshi Tanaka upgraded Amazon.com to Buy from Outperform with an unchanged price target of $2,000. The stock in midday trading is up 2%, or $35.06, to $1,633.07. Despite "short-term uncertainties" following last week's Q3 sales miss, Amazon's long-term outlook is intact, Tanaka tells investors in a research note. The analyst now sees 30% upside potential following the recent selloff in the shares. He forecasts 31% sales growth year-over-year and 205% operating income growth for Amazon in fiscal 2018.
ROKU Roku
$55.94

-0.94 (-1.65%)

11/01/18
WEDB
11/01/18
UPGRADE
Target $65
WEDB
Outperform
Wedbush sees 'compelling entry point' for Roku, upgrades to Outperform
Wedbush analyst Michael Pachter upgraded Roku to Outperform from Neutral while lowering his price target for the shares to $65 from $73. The stock closed yesterday up 6%, or $3.34, to $55.60. The recent pullback in the shares is overdone, Pachter tells investors in a research note titled "A Powerful Growth Story and a Compelling Entry Point." Roku has built an "exceptional platform" and is expanding in the "rapidly growing" Smart TV category, says the analyst. He believes the company is positioning itself as the "best in class option" for over-the-top advertising. In addition, Roku has "significant opportunities" ahead with international expansion, particularly as it makes The Roku Channel available on third-party Smart TVs and the web, Pachter contends.
11/01/18
WEDB
11/01/18
UPGRADE
WEDB
Outperform
Roku upgraded to Outperform from Neutral at Wedbush
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.
10/19/18
RBCM
10/19/18
UPGRADE
Target $70
RBCM
Outperform
Roku upgraded to Outperform at RBC Capital after stock price correction
As reported earlier, RBC Captial analyst Mark Mahaney upgraded Roku to Outperform from Sector Perform and also raised his price target to $70 from $48. The analyst notes that 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". Mahaney cites the company's 22M active members with consistent 46% growth in its accounts and 58% growth in streaming hours, which he calls "some of the strongest" in internet / over-the-top streaming land. The analyst further notes that one in four smart TVs now comes with Roku app pre-installed and one in ten of Millenials can only be reached on TV via their Roku platform.

TODAY'S FREE FLY STORIES

WES

Western Gas Partners

$49.52

0.38 (0.77%)

, WGP

Western Gas Equity

$32.38

0.2 (0.62%)

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Recommendations
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WES

Western Gas Partners

$49.52

0.38 (0.77%)

WGP

Western Gas Equity

$32.38

0.2 (0.62%)

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PXD

Pioneer Natural

$145.33

2.27 (1.59%)

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ZTS

Zoetis

$95.38

2.16 (2.32%)

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JNJ

Johnson & Johnson

$136.40

2.13 (1.59%)

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Johnson & Johnson CEO: 'We ended 2018 with great results' »

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WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

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Windstream

$3.37

0.2 (6.31%)

UNIT

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BHVN

Biohaven Pharmaceutical

$45.32

1.36 (3.09%)

18:14
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Hot Stocks
Biohaven treatment of multiple system atrophy granted FDA orphan designation »

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AMGN

Amgen

$188.31

1.6 (0.86%)

18:11
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Hot Stocks
Amgen treatment of Acute Myeloid Leukemia granted FDA orphan designation »

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CE

Celanese

$100.19

1.19 (1.20%)

18:02
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Celanese announces Acetyl Intermediates price increases in China »

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WIN

Windstream

$3.37

0.2 (6.31%)

, UNIT

Uniti Group

$20.00

0.53 (2.72%)

17:58
02/15/19
02/15
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17:58
Periodicals
Court says Windstream defaulted on bonds in 2015, Bloomberg says »

A court has ruled that…

WIN

Windstream

$3.37

0.2 (6.31%)

UNIT

Uniti Group

$20.00

0.53 (2.72%)

03/08/13
Wedge Partners
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Credit Suisse
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  • 25

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GLD

SPDR Gold Shares

$124.81

0.77 (0.62%)

17:41
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Hot Stocks
SPDR Gold Shares holdings fall to 793.03MT from 796.85MT »

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MDLZ

Mondelez

$48.17

0.84 (1.77%)

17:26
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Mondelez to transfer listing of debt securities to Nasdaq »

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FN

Fabrinet

$55.23

0.67 (1.23%)

17:25
02/15/19
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Hot Stocks
Fabrinet CFO sells 20K shares of common stock »

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UBER

Uber

$0.00

(0.00%)

17:24
02/15/19
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17:24
Periodicals
Uber sues NYC over move to cap number of ride-hailing drivers, Bloomberg says »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$277.40

2.93 (1.07%)

17:19
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House Democrats to probe POTUS emergency declaration, Bloomberg says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$277.40

2.93 (1.07%)

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ORCL

Oracle

$51.71

0.25 (0.49%)

17:11
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Oracle authorizes additional $12B stock buyback under existing program »

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SBLK

Star Bulk Carriers

$8.21

0.13 (1.61%)

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HOLI

Hollysys

$20.56

0.26 (1.28%)

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  • 17

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AKS

AK Steel

$2.98

-0.015 (-0.50%)

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Breaking Syndicate news story on AK Steel »

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General news
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LPTX

Leap Therapeutics

$1.65

(0.00%)

16:53
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MPB

Mid Penn Bancorp

$23.25

-0.24 (-1.02%)

16:52
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Hot Stocks
Mid Penn Bancorp seeks approval to relocate Allentown Boulevard branch »

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REGN

Regeneron

$423.79

8.54 (2.06%)

, AMGN

Amgen

$188.31

1.6 (0.86%)

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REGN

Regeneron

$423.79

8.54 (2.06%)

AMGN

Amgen

$188.31

1.6 (0.86%)

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UPS

UPS

$110.89

-0.91 (-0.81%)

16:44
02/15/19
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Hot Stocks
UPS CFO sells 9.1K shares of common stock »

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  • 03

    Mar

DAL

Delta Air Lines

$51.09

0.58 (1.15%)

16:43
02/15/19
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Syndicate
Breaking Syndicate news story on Delta Air Lines »

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UPS

UPS

$110.89

-0.91 (-0.81%)

16:42
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Hot Stocks
UPS raises quarterly dividend to 96c per share from 91c »

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