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TRCO

Tribune Media

$38.78

-0.575 (-1.46%)

, APO

Apollo Global

$29.00

-0.4 (-1.36%)

06:23
11/14/18
11/14
06:23
11/14/18
06:23

ION Media teams with Cerberus, Hicks in bid for Tribune, NY Post reports

ION Media has joined buyout firm Cerberus Capital and Hicks Equity Partners in a bid to purchase Tribune (TRCO), the New York Post reports, citing a source close to the situation. Tribune is also being pursued by buyout firm Apollo Global Management (APO) and NexStar Media (NXST), which comes after its proposed $3.9B sale to peer Sinclair Broadcast (SBGI) failed to receive regulatory approval from the Federal Communications Commission. Reference Link

TRCO

Tribune Media

$38.78

-0.575 (-1.46%)

APO

Apollo Global

$29.00

-0.4 (-1.36%)

NXST

Nexstar

$80.53

0.26 (0.32%)

SBGI

Sinclair Broadcast

$31.37

0.09 (0.29%)

  • 14

    Nov

  • 15

    Nov

TRCO Tribune Media
$38.78

-0.575 (-1.46%)

09/06/18
RILY
09/06/18
DOWNGRADE
Target $33
RILY
Neutral
B. Riley FBR sees Sinclair in 'penalty box with sellers,' downgrades to Neutral
B. Riley FBR analyst Barton Crockett downgraded Sinclair Broadcast (SBGI) to Neutral from Buy and lowered his price target for the shares to $33 from $36. The $1B share buyback following the collapse of the Tribune Media (TRCO) deal is offset by Sinclair "being in a penalty box with sellers," Crockett tells investors in a research note. He believes the company is unlikely to participate in an "attractive wave of mergers sweeping the TV station group." Further, the analyst also sees some risk that Tribune prevails in its $1B lawsuit against Sinclair over the failed merger.
07/31/18
EVER
07/31/18
INITIATION
Target $40
EVER
Outperform
Tribune Media initiated with an Outperform at Evercore ISI
Evercore ISI analyst David Joyce initiated Tribune Media with an Outperform and $40 price target.
07/27/18
SPHN
07/27/18
NO CHANGE
SPHN
Reported DOJ investigation likely to pressure broadcaster stocks, says Stephens
After The Wall Street Journal reported yesterday that the Department of Justice is investigating whether TV station owners violated antitrust law in ways that inflated local ad prices, Stephens analyst Kyle Evans said that the negative news is likely to further pressure a group that he sees being "hard to own in any quarter." Evans added that, in his view, any miss within the group seems to drag them all down. Publicly traded broadcasters include Sinclair (SBGI), Tribune Media (TRCO), Gray Television (GTN), Nexstar (NXST) and Tegna (TGNA).
07/27/18
WELS
07/27/18
NO CHANGE
WELS
DOJ broadcast investigation unlikely to be material, says Wells Fargo
Wells Fargo analyst Marci Ryvicker says her conversions with industry contacts indicate the Department of Justice investigation into various television groups for alleged ad-rate collusion is unlikely to be material. The investigation likely stemmed from the DOJ's review of the Sinclair Broadcast (SBGI), Tribune Media merger, Ryvicker tells investors in a research note. She believes high levels of conversations about business likely drove the investigation and that it will be tough to prove that this lead to price fixing.
APO Apollo Global
$29.00

-0.4 (-1.36%)

10/01/18
GSCO
10/01/18
UPGRADE
Target $45
GSCO
Conviction Buy
Apollo Global upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman Sachs analyst Alexander Blostein added Apollo Global Management to his firm's Conviction List while keeping a Buy rating on the shares. Apollo at current valuation levels is now the only Alternative Manager to which the market still ascribes a negative value to future incentive earnings, Blostein tells investors in a research note. The analyst believes Apollo's investment performance is strengthening and its realization outlook is improving into 2019 and 2020. He has a $45 price target for the shares.
08/14/18
MSCO
08/14/18
NO CHANGE
Target $42
MSCO
Overweight
Apollo Global's Q3 'setting up well,' says Morgan Stanley
Morgan Stanley analyst Michael Cyprys maintained an Overweight rating and $42 price target on Apollo Global, telling investors in a research note that Q3 is "setting up well" with key fund and balance sheet investments appreciating following a softer Q2 print. He sees Apollo's credit business scaling and new initiatives taking hold that could drive significant upside to fee-related earnings.
11/14/18
MSCO
11/14/18
DOWNGRADE
MSCO
Equal Weight
Apollo Global downgraded to Equal Weight from Overweight at Morgan Stanley
08/28/18
BUCK
08/28/18
NO CHANGE
BUCK
Buckingham sees RenaissanceRe, Axis Capital trading up on Aspen deal news
Buckingham analyst Amit Kumar called the multiple Apollo Global (APO) agreed to pay to acquire Aspen Insurance (AHL) "a tad underwhelming compared to other recent deals," which he attributes to Aspen's hand being forced by the fast approaching peak hurricane season and investor skepticism on its standalone future. Given the drawn out process, he sees a lower likelihood of a competing bidder emerging, Kumar tells investors, adding that he expects both RenaissanceRe (RNR) and Axis Capital (AXS) to trade up on the deal news.
NXST Nexstar
$80.53

0.26 (0.32%)

09/06/18
RILY
09/06/18
DOWNGRADE
Target $33
RILY
Neutral
Sinclair Broadcast downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Barton Crockett downgraded Sinclair Broadcast (SBGI) to Neutral and lowered his price target for the shares to $33 from $36. The analyst also raised his price target for Buy-rated Nexstar Media Group (NXST) to $92 from $87.
08/20/18
NBLE
08/20/18
DOWNGRADE
NBLE
Hold
Nexstar downgraded to Hold from Buy at Noble Financial
07/31/18
EVER
07/31/18
INITIATION
Target $87
EVER
In Line
Nexstar initiated with an In Line at Evercore ISI
Evercore ISI analyst David Joyce initiated Nexstar with an In Line and $87 price target.
SBGI Sinclair Broadcast
$31.37

0.09 (0.29%)

10/16/18
GUGG
10/16/18
INITIATION
Target $40
GUGG
Buy
Sinclair Broadcast initiated with a Buy at Guggenheim
Guggenheim initiated Sinclair Broadcast with a Buy and $40 price target.
09/26/18
JPMS
09/26/18
INITIATION
Target $32
JPMS
Neutral
Sinclair Broadcast reinstated with a Neutral at JPMorgan
JPMorgan analyst Alexia Quadrani reinstated coverage of Sinclair Broadcast with a Neutral rating and $32 price target following a period of restriction. The analyst, who views the current valuation as "cheap," believes other broadcast groups offer better investment opportunities.

TODAY'S FREE FLY STORIES

03:25
08/21/19
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General news
FX Action: USD-CAD yesterday matched the two-month high »

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HA

Hawaiian Holdings

$25.44

0.31 (1.23%)

21:12
08/20/19
08/20
21:12
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21:12
Downgrade
Hawaiian Holdings rating change at Stifel »

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MHK

Mohawk

$112.98

-1.05 (-0.92%)

21:06
08/20/19
08/20
21:06
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21:06
Upgrade
Mohawk rating change at Wells Fargo »

Mohawk upgraded to Market…

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SNV

Synovus

$35.18

-0.78 (-2.17%)

21:01
08/20/19
08/20
21:01
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21:01
Initiation
Synovus initiated at DA Davidson »

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BXS

BancorpSouth

$27.49

-0.415 (-1.49%)

20:59
08/20/19
08/20
20:59
08/20/19
20:59
Initiation
BancorpSouth initiated at DA Davidson »

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  • 26

    Aug

UCBI

United Community Banks

$26.63

-0.36 (-1.33%)

20:57
08/20/19
08/20
20:57
08/20/19
20:57
Initiation
United Community Banks initiated at DA Davidson »

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  • 16

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  • 17

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RNST

Renasant

$33.20

-0.375 (-1.12%)

20:57
08/20/19
08/20
20:57
08/20/19
20:57
Initiation
Renasant initiated at DA Davidson »

Renasant initiated with a…

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  • 23

    Sep

FCCO

First Community

$18.31

(0.00%)

20:57
08/20/19
08/20
20:57
08/20/19
20:57
Initiation
First Community initiated at DA Davidson »

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20:25
08/20/19
08/20
20:25
08/20/19
20:25
Conference/Events
Cantor Fitzgerald tech analyst to hold an analyst/industry conference call »

Technology & Business…

LOW

Lowe's

$98.04

3.07 (3.23%)

, TGT

Target

$85.57

-0.34 (-0.40%)

20:25
08/20/19
08/20
20:25
08/20/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

LOW

Lowe's

$98.04

3.07 (3.23%)

TGT

Target

$85.57

-0.34 (-0.40%)

ADI

Analog Devices

$110.35

-0.8 (-0.72%)

PLCE

Children's Place

$78.06

-2.6 (-3.22%)

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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  • 21

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  • 21

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  • 21

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  • 21

    Aug

  • 15

    Sep

  • 19

    Sep

  • 25

    Sep

GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

, GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

19:02
08/20/19
08/20
19:02
08/20/19
19:02
Periodicals
YouTube intends to end targeted ads on videos aimed at children, Bloomberg says »

In an effort to satisfy…

GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

    Sep

  • 27

    Oct

HMNY

Helios and Matheson

$0.00

(0.00%)

18:59
08/20/19
08/20
18:59
08/20/19
18:59
Periodicals
MoviePass exposed card data of thousands of customers, TechCrunch says »

MoviePass, which is…

03/08/13
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PLM

PolyMet Mining

$0.34

-0.0125 (-3.60%)

18:49
08/20/19
08/20
18:49
08/20/19
18:49
Hot Stocks
PolyMet Mining reports court declined to hear petition for environmental review »

Poly Met Mining inc., a…

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AAL

American Airlines

$25.83

-0.27 (-1.03%)

18:24
08/20/19
08/20
18:24
08/20/19
18:24
Hot Stocks
American Airlines to pay $22.1M to settle DOJ false claims act allegations »

The U.S. Justice…

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  • 04

    Sep

  • 05

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  • 23

    Sep

  • 14

    Nov

LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

, URBN

Urban Outfitters

$20.93

0.07 (0.34%)

18:17
08/20/19
08/20
18:17
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18:17
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS:…

LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

URBN

Urban Outfitters

$20.93

0.07 (0.34%)

LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

NRZ

New Residential

$14.14

-0.115 (-0.81%)

NDSN

Nordson

$135.43

-1.79 (-1.30%)

CREE

Cree

$58.19

-0.09 (-0.15%)

SCSC

Scansource

$31.23

-0.56 (-1.76%)

JKHY

Jack Henry

$140.79

-0.72 (-0.51%)

TSLA

Tesla

$225.70

-1.05 (-0.46%)

WMT

Walmart

$112.12

-1.64 (-1.44%)

03/08/13
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  • 20

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  • 21

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  • 21

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  • 21

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  • 22

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  • 27

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  • 09

    Sep

  • 11

    Sep

  • 12

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  • 15

    Sep

  • 19

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  • 23

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  • 25

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  • 13

    Nov

  • 14

    Nov

LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

18:06
08/20/19
08/20
18:06
08/20/19
18:06
Hot Stocks
SemiLEDs receives offer from Chinese investor to acquire 680K shares »

On August 17, 2019,…

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CE

Celanese

$111.76

-0.72 (-0.64%)

18:01
08/20/19
08/20
18:01
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18:01
Hot Stocks
Celanese announces ethyl acetate price increase in Europe »

Celanese Corporation…

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WMT

Walmart

$112.12

-1.64 (-1.44%)

17:50
08/20/19
08/20
17:50
08/20/19
17:50
Hot Stocks
Walmart's Furner sells nearly 8,000 common shares »

In a regulatory filing,…

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  • 15

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  • 13

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SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

, SPX

S&P 500

$0.00

(0.00%)

17:49
08/20/19
08/20
17:49
08/20/19
17:49
Periodicals
Bond manager Gundlach says Fed 'has lost control,' Reuters reports »

According to often quoted…

SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

SPX

S&P 500

$0.00

(0.00%)

QQQ

Invesco QQQ Trust

$186.99

-1.3 (-0.69%)

DIA

Diamonds Fund ETF

$259.61

-1.71 (-0.65%)

SMH

Market Vectors Semiconductor

$113.43

-0.64 (-0.56%)

03/08/13
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URBN

Urban Outfitters

$20.93

0.07 (0.34%)

17:45
08/20/19
08/20
17:45
08/20/19
17:45
Earnings
Urban Outfitters CEO says Q2 was 'difficult quarter' for the company »

Urban Outfitter CEO…

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  • 20

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17:45
08/20/19
08/20
17:45
08/20/19
17:45
General news
Breaking General news story  »

Federal Reserve Board of…

BA

Boeing

$331.94

-1.82 (-0.55%)

17:41
08/20/19
08/20
17:41
08/20/19
17:41
Hot Stocks
Boeing awarded $154.89M Army contract modification to procure Apache helicopters »

Boeing was awarded a…

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  • 03

    Sep

CGC

Canopy Growth

$27.21

0.48 (1.80%)

17:35
08/20/19
08/20
17:35
08/20/19
17:35
Hot Stocks
GTEC provides update on acquisition of Canopy Growth cultivation facility »

GTEC Holdings provided an…

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