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T

AT&T

$30.56

-0.18 (-0.59%)

, NFLX

Netflix

$288.60

5.89 (2.08%)

06:11
11/30/18
11/30
06:11
11/30/18
06:11

AT&T plans to offer three versions of new streaming video service, WSJ reports

AT&T (T) plans to offer three versions of a new streaming video service next year that will feature original movies and television series from Warner Bros., Turner and HBO, The Wall Street Journal reports, citing the company's strategy update. The service will compete with rivals including Netflix (NFLX) and a similar online system planned by Disney (DIS). AT&T previously said it planned to launch the streaming service in 4Q19. WarnerMedia is planning an entry-level streaming service focused on movies, a second tier with original programming and more films and a bundle tier with content from the first two plus classic films, comedy and children's programming. Reference Link

T

AT&T

$30.56

-0.18 (-0.59%)

NFLX

Netflix

$288.60

5.89 (2.08%)

DIS

Disney

$116.57

0.38 (0.33%)

  • 03

    Dec

  • 04

    Dec

T AT&T
$30.56

-0.18 (-0.59%)

11/27/18
NOMU
11/27/18
NO CHANGE
Target $43
NOMU
Buy
AT&T valuation 'out of sync' with fundamentals, says Nomura Instinet
In a research note ahead of the company's analyst day on November 29, Nomura Instinet analyst Jeffrey Kvaal says AT&T's valuation is "out of sync with wireless fundamentals." The levers are in place for "significant" free cash flow growth at AT&T, Kvaal writes. However, he believes the company "must perform against a skeptical Street to drive shares higher." The analyst thinks Wireless is on track for sustained service revenue growth in 2019 and keeps a Buy rating on AT&T with a $43 price target.
11/26/18
11/26/18
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. AT&T (T) upgraded to Neutral from Sell at MoffettNathanson analyst Craig Moffett citing valuation. 2. Cognizant (CTSH) upgraded to Buy from Neutral at Goldman Sachs with analyst James Schneider saying Improving revenue growth brings prospects for a stock "re-rating." 3. Regions Financial (RF) upgraded to Overweight from Neutral at JPMorgan with analyst Vivek Juneja saying he expects the company to benefit from commercial and industrial loan growth, low deposit beta and improved efficiency. 4. Intuit (INTU) upgraded to Outperform from Sector Perform at RBC Capital with analyst Ross MacMillan citing the findings from his most recent survey of tax filers which suggests that "do-it-yourself" tax preparation should gain share from assisted filings as a result of the latest tax code changes. 5. Novartis (NVS) upgraded to Outperform from Market Perform at Cowen with analyst Steven Scala saying he called it his Best Idea for 2019 as the company has transformed its business to deliver big potential new drugs with upside potential. He also cites aggressive management and the recent underperformance of the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/26/18
MOFT
11/26/18
UPGRADE
Target $28
MOFT
Neutral
AT&T upgraded to Neutral from Sell at MoffettNathanson
MoffettNathanson analyst Craig Moffett upgraded AT&T to Neutral from Sell with an unchanged price target of $28, citing valuation.
11/26/18
UBSW
11/26/18
NO CHANGE
Target $38
UBSW
Buy
AT&T analyst meeting could be catalyst for shares, says UBS
UBS analyst John Hodulik noted AT&T is hosting an analyst meeting later this week and he believes it could be a catalyst for the shares, especially given its currents valuation, which is near all-time lows. He expects the meeting to provide clarity around growth expectations and maintains his Buy rating and $38 price target in AT&T shares ahead of the event.
NFLX Netflix
$288.60

5.89 (2.08%)

11/14/18
PIPR
11/14/18
NO CHANGE
PIPR
Piper lays out favorite Consumer stocks to own into holiday season
Piper Jaffray analysts led by Erinn Murphy believe the "solid" consumer spending in the first half of the year can continue into the second half with "favorable weather, clean inventories and an extra day between Thanksgiving & Christmas this year serving as catalysts." Ahead of Black Friday, the firm is laying out its favorite Consumer stocks to own into the Holiday. They include G-III Apparel (GIII), Under Armour (UAA), Estee Lauder (EL), PVH Corp. (PVH), Take-Two Interactive (TTWO), Netflix (NFLX), GoDaddy (GDDY) and Ruth's Hospitality (RUTH). Piper analysts are cautious on shares of Stitch Fix (SFIX) and Michaels (MIK).
11/16/18
IMPC
11/16/18
NO CHANGE
Target $459
IMPC
Outperform
Imperial parts with consensus, raises Netflix estimates for Q4
Imperial Capital analyst David Miller says he is "parting with consensus and guidance" and raising his Q4 domestic subscriber net additions estimate for Netflix from 1.50M to 1.55M and international subscriber net additions estimate from 6.10M to 6.25M. The reason is due not only to returning episodic installments of "House of Cards" and "Narcos," but also series originally intended for international audiences that are "quickly finding viewers" in the U.S., Miller tells investors in a research note. Examples are "Elite," filmed in Spain with an all-Spanish cast, "3%," a sci-fi drama filmed and set in Brazil, The Rain, another drama filmed and set in Denmark, and Dark, a crime drama filmed and set in German, says the analyst. Miller also increased his Q4 estimate for revenue to $4.22B and for net income to 28c per share from 26c. Consensus estimates currently sit at $4.20B and 24c per share, he points out. Miller keeps an Outperform rating on Netflix with a $459 price target, which represents 58% upside from current share levels.
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.
11/29/18
NEED
11/29/18
INITIATION
Target $20
NEED
Buy
comScore resumed with a Buy at Needham
Needham analyst Laura Martin resumed coverage of comScore (SCOR) with a Buy rating and $20 price target. The analyst recommends purchase of the stock at current price levels saying comScore is a pure-play way to invest in the shift toward streaming and over-the-top viewing. The company offers monetization at a "much lower valuation" than other over-the-top alternatives such as Netflix (NFLX), Roku (ROKU) and Trade Desk (TTD), Martin tells investors in a research note.
DIS Disney
$116.57

0.38 (0.33%)

11/29/18
IMPC
11/29/18
NO CHANGE
Target $32
IMPC
Outperform
Disney sale of sports networks should revalue MSG Networks, says Imperial
MSG Networks (MSGN), as the only pure-play regional sports networks security publicly traded, is "vastly under-covered and under-appreciated," Imperial Capital analyst David Miller tells investors in a research note. Disney (DIS) is selling off the Fox Regional Sports Networks, which the company must do per Department of Justice decree issued on June 27, adds the analyst. He believes that as the closest pure-play comparable to these networks, the terminal value of the transaction should lead to a revaluation of MSG Networks in the public markets. Miller keeps an Outperform rating on MSG Networks with a $32 price target.
11/28/18
GSCO
11/28/18
DOWNGRADE
GSCO
Neutral
Genting Malaysia downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Simon Cheung downgraded Genting Malaysia Bhd. (GMALF) to Neutral after the company sued Disney (DIS) and 21st Century Fox (FOXA) for pulling out of an agreement to sponsor a Fox World theme park outside Kuala Lumpur. Genting is seeking more than $1B in damages and claims Disney doesn't want to be associated with its gambling business. Goldman now sees uncertainty with the outdoor theme park and steps to the sidelines with respect to Genting Malaysia shares.
11/27/18
11/27/18
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 Outperform from In-Line at Imperial Capital with analyst David Miller saying while fiscal 2019 should be a "transitional year," fiscal 2020 brings an "abundance of catalysts." 2. Citizens Financial (CFG) upgraded to Outperform from Neutral at Macquarie. 3. Parsley Energy (PE) upgraded to Buy from Neutral at Goldman Sachs with analyst John Nelson saying greater appreciation of the the company's free cash flow inflection in the second half of 2019 should drive improved investor sentiment. 4. Taubman Centers (TCO) was upgraded to Sector Perform from Underperform at Scotiabank and to Equal Weight from Underweight at Morgan Stanley. 5. Marriott (MAR) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Stephen Grambling saying the stock has been penalized recently amid Starwood integration issues, but these will prove temporary and position Marriott better in the future. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/27/18
IMPC
11/27/18
UPGRADE
Target $129
IMPC
Outperform
Disney upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst David Miller upgraded Disney (DIS) to Outperform from In-Line and raised his price target for the shares to $129 from $113. The stock closed yesterday up 47c to $112.55. While fiscal 2019 should be a "transitional year," fiscal 2020 brings an "abundance of catalysts," Miller tells investors in a research note. The analyst sees Disney in fiscal 2019 continuing its campaign with the various regulatory agencies abroad in seeking approval for the 21st Century Fox (FOXA) merger and continuing its investment spending in the BAMTech platform. However, in fiscal 2020, Miller sees shareholders benefiting from "four distinct catalysts," and he thinks the market may price these in "fairly quickly." The catalysts are a strong film slate, the opening of the two Star Wars lands, "substantial pricing power" around its three over-the-top services, and the resumption of share buybacks.

TODAY'S FREE FLY STORIES

MCK

McKesson

$144.02

0.62 (0.43%)

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CAT

Caterpillar

$146.49

2.42 (1.68%)

10:58
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BILL

Bill.com

$0.00

(0.00%)

10:58
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EH

Ehang

$0.00

(0.00%)

10:58
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  • 12

    Dec

BBU

Brookfield Business Partners

$40.99

(0.00%)

, GNW

Genworth

$4.60

0.135 (3.03%)

10:55
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Genworth completes Genworth MI Canada stake sale to Brookfield Business Partners »

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BBU

Brookfield Business Partners

$40.99

(0.00%)

GNW

Genworth

$4.60

0.135 (3.03%)

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  • 12

    Dec

10:55
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General news
Treasury 30-year auction outlook: the $16 B reopening rounds out this week's auctions »

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TSLA

Tesla

$359.21

6.81 (1.93%)

10:51
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10:51
Periodicals
Tesla loses third general counsel this year, Bloomberg Law says »

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  • 07

    Jan

GE

General Electric

$11.42

0.44 (4.01%)

10:46
12/12/19
12/12
10:46
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10:46
On The Fly
GE jumps as UBS predicts positive inflection point in 2020 »

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  • 29

    Jan

BILL

Bill.com

$0.00

(0.00%)

10:45
12/12/19
12/12
10:45
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10:45
Syndicate
Breaking Syndicate news story on Bill.com »

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  • 12

    Dec

ABBV

AbbVie

$88.15

1.46 (1.68%)

10:45
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12/12
10:45
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Options
AbbVie call volume above normal and directionally bullish »

Bullish option flow…

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10:45
12/12/19
12/12
10:45
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10:45
General news
Breaking General news story  »

6-Month Bill Announcement…

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Breaking General news story  »

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10:45
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Breaking General news story  »

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SBUX

Starbucks

$88.83

2.24 (2.59%)

, BHC

Bausch Health

$31.07

1.745 (5.95%)

10:44
12/12/19
12/12
10:44
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On The Fly
GE, Starbucks, Bausch upgrades among today's top analyst calls »

Check out today's top…

SBUX

Starbucks

$88.83

2.24 (2.59%)

BHC

Bausch Health

$31.07

1.745 (5.95%)

AAPL

Apple

$271.38

0.67 (0.25%)

HD

Home Depot

$213.65

1.69 (0.80%)

MMM

3M

$170.04

1.31 (0.78%)

GE

General Electric

$11.42

0.44 (4.01%)

03/08/13
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03/06/13
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03/06/13
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  • 22

    Dec

  • 29

    Jan

  • 29

    Jan

  • 25

    Feb

EH

Ehang

$0.00

(0.00%)

10:39
12/12/19
12/12
10:39
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10:39
Syndicate
Ehang indicated to open at $12.25, IPO priced at $12.50 »

Ehang (EH) 3.2M share IPO…

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  • 12

    Dec

WDDMF

WeedMD

$0.00

(0.00%)

, ACB

Aurora Cannabis

$2.46

(0.00%)

10:37
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Rising High: An exclusive talk with medical-grade cannabis producer WeedMD »

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WDDMF

WeedMD

$0.00

(0.00%)

ACB

Aurora Cannabis

$2.46

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TLRY

Tilray

$18.68

0.49 (2.69%)

ZYNE

Zynerba

$5.68

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CGC

Canopy Growth

$20.35

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CTST

CannTrust

$0.81

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CRON

Cronos Group

$6.89

0.07 (1.03%)

IGC

India Globalization Capital

$0.67

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CVSI

CV Sciences

$0.00

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CANN

General Cannabis

$0.00

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TCNNF

Trulieve Cannabis

$0.00

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  • 16

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PTVCA

Protective Insurance

$15.36

(0.00%)

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ADSK

Autodesk

$178.55

-1.315 (-0.73%)

10:35
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Autodesk put volume heavy and directionally bearish »

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BILL

Bill.com

$0.00

(0.00%)

10:35
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Breaking Syndicate news story on Bill.com »

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  • 12

    Dec

USO

United States Oil Fund

$12.45

0.16 (1.30%)

10:34
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General news
EIA natural gas storage change for week ending December 6 »

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PTVCA

Protective Insurance

$15.36

(0.00%)

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KRUS

Kura Sushi

$25.45

0.32 (1.27%)

10:31
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Downgrade
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10:30
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BILL

Bill.com

$0.00

(0.00%)

10:27
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Breaking Syndicate news story on Bill.com »

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