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TCEHY

Tencent

$0.00

(0.00%)

, SPOT

Spotify

$129.73

2.99 (2.36%)

06:37
11/21/18
11/21
06:37
11/21/18
06:37

Tencent Music Entertainment could push IPO until 2019, Reuters reports

Tencent Music Entertainment, or TME, is facing crunch time on its $2B IPO scheduled for November and has discussed pushing the IPO date back until early 2019, according to Reuters, citing sources involved. TME is seen as China and Tencent's (TCEHY) answer to Spotify (SPOT). While no decision has been made by the company yet, it reportedly is emphasizing valuation and market conditions. The IPO was initially scheduled for October before being pushed back the first time to November. Reference Link

TCEHY

Tencent

$0.00

(0.00%)

SPOT

Spotify

$129.73

2.99 (2.36%)

TCEHY Tencent
$0.00

(0.00%)

08/20/18
NOMU
08/20/18
NO CHANGE
NOMU
Buy
China watchdogs said to likely restart game reviews soon, says Nomura Instinet
Nomura Instinet analyst Jialong Shi noted that over the weekend posts on Weibo said China's online game watchdogs will likely restart game reviews as early as September, adding that a few of his online gaming contacts have also heard lately from relevant watchdogs that the review of new games should restart soon. If game reviews do resume in September, Tencent's (TCEHY) PUBG Mobile and Fortnite are likely to receive licenses for monetization in Q4 at the earliest, said Shi, who believes Tencent and NetEase (NTES) would benefit from improved sentiment and outlooks if Chinese regulators restart reviews.
08/22/18
LEHM
08/22/18
NO CHANGE
Target $55
LEHM
Overweight
Tencent price target lowered to $55 from $59 at Barclays
Barclays analyst Gregory Zhao lowered his price target for Tencent Holdings to $55 following the company's Q2 results to reflect the impact from monetization approval delay to mobile gaming revenue as well as the negative efforts to interest revenue due to the deposit rate increase. The analyst keeps an Overweight rating on the shares.
09/13/18
GSCO
09/13/18
INITIATION
Target $31.9
GSCO
Buy
Pinduoduo initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Piyush Mubayi started Pinduoduo (PDD) with a Buy rating and $31.90 price target, identifying it as the "fastest-growing internet company in the world" in terms of revenue growth. He sees Pinduoduo being well positioned to benefit from continuous growth of China e-commerce based on its popular app and Tencent's (TCEHY) social networks.
11/08/18
OTRG
11/08/18
DOWNGRADE
OTRG
Mixed
Tencent downgraded to Mixed from Positive at OTR Global
SPOT Spotify
$129.73

2.99 (2.36%)

11/01/18
LOOP
11/01/18
NO CHANGE
Target $135
LOOP
Sell
Spotify price target lowred to $135 from $150 at Loop Capital
Loop Capital analyst Alan Gould lowered his price target on Spotify to $135 and kept his Sell rating after its in-line Q3 results and a reduction in the high-end of Q4 guidance. The analyst adds that while the stock has retreated in line with other igher multiple internet and streaming companies, he sees more downside pressure on belief that "library product is more critical in music than video and in a competitive music streaming market the music oligopoly will capture most of the incremental profits".
11/02/18
NOMU
11/02/18
NO CHANGE
Target $190
NOMU
Buy
Spotify price target lowered to $190 from $210 at Nomura Instinet
Nomura Instinet analyst Mark Kelley lowered his price target for Spotify to $190 saying the company's results yesterday were ahead of the Street for both the advertising and subscription businesses. If the analyst had to point to one thing that is weighing on shares, it's the margin commentary for next year. However, he believes management is properly keeping expectations in check given the second half of 2018 margin benefit from lighter hiring. He keeps a Buy rating on the shares.
11/02/18
ADAM
11/02/18
NO CHANGE
Target $200
ADAM
Buy
Spotify price target lowered to $200 from $220 at Canaccord
Canaccord analyst Maria Ripps lowered her price target on Spotify to $200 from $220 following Q3 results. The analyst noted Q4 subscriber guidance was lowered slightly, but it is now in line with her expectations. She said subscriber growth continues on a strong path and believes that self-serve advertising growth should create margin upside over time. Ripps maintained her Buy rating on Spotify shares.
11/16/18
MKMP
11/16/18
NO CHANGE
Target $415
MKMP
Buy
Netflix, Amazon price targets raised at MKM Partners
MKM Partners analyst Rob Sanderson raised his price targets on Buy rated Netflix (NFLX) and Amazon (AMZN) to $415 from $395 and $2,240 from $2,215 respectively as part of his broader research note titled "Victims of Risk-off Environment; Recommend Buying Weakness". The analyst states that these stocks have been among the weaker performers in the underperforming Internet sector, but should become "excellent performers" over the next 12 months if his view attributing the recent correction in the broader market to a late-cycle pause amidst geo-political uncertainty and Fed concerns proves to be correct. As part of this research note, Sanderson also keeps his Buy rating on Spotify (SPOT) but lowers its price target to $200 from $245, applying a 25-times forward earnings multiple in rolling out his valuation to 2022, with added currency related pressure against the "much less contentious" expected renewal rates in 2019.

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IFF

International Flavors

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ATI

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Darden

$108.62

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Conagra Brands

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0.095 (0.42%)

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G-III Apparel

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HYMTF

Hyundai Motor

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Hyundai shareholders to vote on Elliott Management dividend demand, Reuters says »

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CVBF

CVB Financial

$21.12

-0.53 (-2.45%)

19:45
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CVB Financial raises quarterly dividend to 18c from 14c per share »

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KAMN

Kaman

$57.84

0.345 (0.60%)

19:24
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Periodicals
Kaman exploring sale of distribution segment, Bloomberg says »

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VALE

Vale

$13.49

-0.21 (-1.53%)

19:19
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Vale suspends operations at Alegria mine in Mariana complex on preventive basis »

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EQH

AXA Equitable

$20.84

-0.565 (-2.64%)

19:12
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Syndicate
AXA Equitable 40M share Secondary priced at $20.50 »

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OTTW

Ottawa Bancorp

$13.56

-0.14 (-1.02%)

19:02
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Hot Stocks
Ottawa Bancorp declares special dividend of 35c per share »

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JAZZ

Jazz Pharmaceuticals

$133.73

-1.74 (-1.28%)

18:57
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Hot Stocks
Jazz Pharmaceuticals' Sunosi for excessive daytime sleepiness approved by FDA »

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  • 20

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AYI

Acuity Brands

$123.00

-5.53 (-4.30%)

18:52
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  • 03

    Apr

HYAC

Haymaker Acquisition

$11.79

(0.00%)

, OSW

OneSpaWorld

$0.00

(0.00%)

18:47
03/20/19
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Hot Stocks
OneSpaWorld says will start trading on Nasdaq March 21 »

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HYAC

Haymaker Acquisition

$11.79

(0.00%)

OSW

OneSpaWorld

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(0.00%)

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MLHR

Herman Miller

$35.07

-0.85 (-2.37%)

, MU

Micron

$40.08

-0.3 (-0.74%)

18:46
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Hot Stocks
Fly Intel: After Hours Movers »

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MLHR

Herman Miller

$35.07

-0.85 (-2.37%)

MU

Micron

$40.08

-0.3 (-0.74%)

WSM

Williams-Sonoma

$56.88

0.09 (0.16%)

SIEN

Sientra

$9.76

0.945 (10.73%)

EB

Eventbrite

$20.09

-0.72 (-3.46%)

GES

Guess

$22.10

-0.41 (-1.82%)

UNIT

Uniti Group

$10.01

0.15 (1.52%)

WEX

Wex

$184.85

-1.465 (-0.79%)

CBMG

Cellular Biomedicine

$18.26

0.38 (2.13%)

FTDR

Frontdoor

$32.10

-2.29 (-6.66%)

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SAGE

Sage Therapeutics

$152.62

-3.46 (-2.22%)

18:39
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Sage Therapeutics CEO: Postpartum depression is a medical issue »

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NVDA

Nvidia

$174.38

-1.39 (-0.79%)

18:27
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Recommendations
Nvidia analyst commentary at Tigress Financial »

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CURLF

Curaleaf Holdings

$0.00

(0.00%)

, CVS

CVS Health

$56.17

-0.93 (-1.63%)

18:24
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18:24
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18:24
Periodicals
CVS to start selling CBD products in partnership with Curaleaf, Bloomberg says »

Curaleaf (CURLF) said…

CURLF

Curaleaf Holdings

$0.00

(0.00%)

CVS

CVS Health

$56.17

-0.93 (-1.63%)

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  • 25

    Mar

PETQ

PetIQ

$29.87

0.91 (3.14%)

18:23
03/20/19
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PetIQ CEO: We are totally transparent about our price model »

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  • 20

    Mar

T

AT&T

$30.51

-0.19 (-0.62%)

18:21
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Periodicals
AT&T CEO: Huawei makes it hard for carriers to shift suppliers, Reuters says »

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SGSOY

SGS SA

$0.00

(0.00%)

18:19
03/20/19
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18:19
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18:19
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SGS SA rating change at Goldman Sachs »

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CLX

Clorox

$155.94

-0.93 (-0.59%)

, RBGLY

Reckitt Benckiser

$0.00

(0.00%)

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Clorox files false advertising lawsuit against Reckitt Benckiser »

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CLX

Clorox

$155.94

-0.93 (-0.59%)

RBGLY

Reckitt Benckiser

$0.00

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  • 28

    May

BA

Boeing

$376.41

2.54 (0.68%)

18:09
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Boeing pushes flight test to International Space Station to August, Reuters says »

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CE

Celanese

$101.04

0.08 (0.08%)

18:02
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Celanese increases acetyl intermeditates prices »

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  • 18

    Apr

FTDR

Frontdoor

$32.10

-2.29 (-6.66%)

17:58
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Frontdoor 16.73M share Secondary priced at $30.00 »

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