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NXST

Nexstar

$81.33

0.39 (0.48%)

, TRCO

Tribune Media

$40.14

0.285 (0.72%)

12:45
11/30/18
11/30
12:45
11/30/18
12:45

Nexstar emerges as leading contender for Tribune Media, NY Post reports

Nexstar (NXST) has materialized as the leading bidder for Tribune Media (TRCO), The New York Post reports. According to sources, Nexstar is poised to beat out Apollo (APO) in the Tribune race. Tribune could fetch more than $43 per share, the price Sinclair (SBGI) previously offered, one person close to the talks says. Reference Link

NXST

Nexstar

$81.33

0.39 (0.48%)

TRCO

Tribune Media

$40.14

0.285 (0.72%)

APO

Apollo Global

$28.05

-0.56 (-1.96%)

SBGI

Sinclair Broadcast

$31.17

-0.06 (-0.19%)

NXST Nexstar
$81.33

0.39 (0.48%)

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.
08/20/18
NBLE
08/20/18
DOWNGRADE
NBLE
Hold
Nexstar downgraded to Hold from Buy at Noble Financial
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.
11/27/18
GABE
11/27/18
INITIATION
GABE
Buy
Nexstar initiated with a Buy at Gabelli
TRCO Tribune Media
$40.14

0.285 (0.72%)

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).
07/31/18
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.
11/27/18
GABE
11/27/18
INITIATION
GABE
Buy
Tribune Media initiated with a Buy at Gabelli
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.
APO Apollo Global
$28.05

-0.56 (-1.96%)

11/14/18
11/14/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Neutral from Buy at Guggenheim with analyst Robert Cihra saying the average selling price of the iPhone has increased a "dramatic" $220, or 40%, over the past 10 years, reflecting its "growing value to both consumer and business markets." 2. Kellogg (K) downgraded to Neutral from Overweight at JPMorgan with analyst Ken Goldman saying that while nothing at the company's investor day "necessarily disappointed" him, he also did not gain "much comfort that the bottom-line turnaround would be swift." 3. Apollo Global (APO) and Carlyle Group (CG) were downgraded to Equal Weight from Overweight at Morgan Stanley. 4. Conagra Brands (CAG) downgraded to Underperform from Market Perform at Bernstein with analyst Alexia Howard saying the frozen category has experienced positive growth over the past year, largely led by new product innovation from Conagra and Pinnacle Foods, but this now seems to be running out of steam. 5. Tenneco (TEN) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Armintas Sinkevicius citing its elevated leverage and limited free cash flow conversion in what he views as an increasingly uncertain environment for auto suppliers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/18
MSCO
11/14/18
DOWNGRADE
MSCO
Equal Weight
Morgan Stanley downgrades Apollo Global and Carlyle, favors brokers late cycle
As previously reported, Morgan Stanley analyst Michael Cyprys downgraded Apollo Global (APO) and Carlyle Group (CG), each to Equal Weight from Overweight, stating that he sees growing risk to portfolio harvesting and dividends and favors discount brokers in a more volatile, late cycle environment. On Apollo, he said he now has less conviction that cash performance fees can accelerate over the next 12 months given the more volatile market backdrop. On Carlyle, he sees risk to growing cash performance fees with increased market volatility. Cyprys lowered his price target on Apollo shares to $34 from $42 and cut his price target on Carlyle shares to $23 from $31.
11/14/18
MSCO
11/14/18
UPGRADE
MSCO
Overweight
Morgan Stanley upgrades TD Ameritrade, favors brokers late cycle
As previously reported, Morgan Stanley analyst Michael Cyprys upgraded TD Ameritrade (AMTD) to Overweight from Equal Weight, stating that he favors discount brokers in a more volatile, late cycle environment. Among the group, TD Ameritrade has the most countercyclical revenue streams, with 27% of revenue tied to trading commissions that tend to spike in volatile environments, Cyprys tells investors. He raised his price target on TD Ameritrade shares to $65 from $61. Cyprys, who also sees growing risk to portfolio harvesting and dividends, lowered his ratings on alternative asset managers Apollo Global (APO) and Carlyle Group (CG), each to Equal Weight.
11/14/18
MSCO
11/14/18
DOWNGRADE
MSCO
Equal Weight
Apollo Global downgraded to Equal Weight from Overweight at Morgan Stanley
SBGI Sinclair Broadcast
$31.17

-0.06 (-0.19%)

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

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
12/12/19
10:44
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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    Dec

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EH

Ehang

$0.00

(0.00%)

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

Ehang (EH) 3.2M share IPO…

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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  • 12

    Dec

WDDMF

WeedMD

$0.00

(0.00%)

, ACB

Aurora Cannabis

$2.46

(0.00%)

10:37
12/12/19
12/12
10:37
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10:37
On The Fly
Rising High: An exclusive talk with medical-grade cannabis producer WeedMD »

In this edition of…

WDDMF

WeedMD

$0.00

(0.00%)

ACB

Aurora Cannabis

$2.46

(0.00%)

TLRY

Tilray

$18.68

0.49 (2.69%)

ZYNE

Zynerba

$5.68

0.06 (1.07%)

CGC

Canopy Growth

$20.35

0.05 (0.25%)

CTST

CannTrust

$0.81

-0.0102 (-1.24%)

CRON

Cronos Group

$6.89

0.07 (1.03%)

IGC

India Globalization Capital

$0.67

0.0047 (0.71%)

CVSI

CV Sciences

$0.00

(0.00%)

CANN

General Cannabis

$0.00

(0.00%)

TCNNF

Trulieve Cannabis

$0.00

(0.00%)

03/08/13
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03/06/13
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03/06/13
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  • 16

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    Dec

PTVCA

Protective Insurance

$15.36

(0.00%)

10:36
12/12/19
12/12
10:36
12/12/19
10:36
Hot Stocks
Breaking Hot Stocks news story on Protective Insurance »

Protective Insurance…

03/08/13
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ADSK

Autodesk

$178.55

-1.315 (-0.73%)

10:35
12/12/19
12/12
10:35
12/12/19
10:35
Options
Autodesk put volume heavy and directionally bearish »

Bearish flow noted in…

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BILL

Bill.com

$0.00

(0.00%)

10:35
12/12/19
12/12
10:35
12/12/19
10:35
Syndicate
Breaking Syndicate news story on Bill.com »

Bill.com indicated to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 12

    Dec

USO

United States Oil Fund

$12.45

0.16 (1.30%)

10:34
12/12/19
12/12
10:34
12/12/19
10:34
General news
EIA natural gas storage change for week ending December 6 »

Gas inventories 73 Bcf…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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PTVCA

Protective Insurance

$15.36

(0.00%)

10:31
12/12/19
12/12
10:31
12/12/19
10:31
Hot Stocks
Breaking Hot Stocks news story on Protective Insurance »

Protective Insurance…

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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KRUS

Kura Sushi

$25.45

0.32 (1.27%)

10:31
12/12/19
12/12
10:31
12/12/19
10:31
Downgrade
Kura Sushi rating change  »

Kura Sushi downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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10:30
12/12/19
12/12
10:30
12/12/19
10:30
General news
Fed funds futures have slipped as risk appetite climbs »

Fed funds futures have…

BILL

Bill.com

$0.00

(0.00%)

10:27
12/12/19
12/12
10:27
12/12/19
10:27
Syndicate
Breaking Syndicate news story on Bill.com »

Bill.com indicated to…

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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  • 12

    Dec

ZYME

Zymeworks

$42.45

0.3 (0.71%)

, AZN

AstraZeneca

$48.38

0.19 (0.39%)

10:26
12/12/19
12/12
10:26
12/12/19
10:26
Recommendations
Zymeworks, AstraZeneca analyst commentary  »

Zymeworks may have…

ZYME

Zymeworks

$42.45

0.3 (0.71%)

AZN

AstraZeneca

$48.38

0.19 (0.39%)

03/08/13
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03/06/13
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03/06/13
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  • 17

    Dec

WCN

Waste Connections

$90.12

-0.03 (-0.03%)

10:25
12/12/19
12/12
10:25
12/12/19
10:25
Conference/Events
Waste Connections participates in a conference call with UBS »

Environmental Services…

03/08/13
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  • 12

    Dec

10:25
12/12/19
12/12
10:25
12/12/19
10:25
Conference/Events
JPMorgan telecom services analyst to hold an analyst/industry conference call »

Telecom Services/Cable…

SGH

Smart Global

$31.00

0.53 (1.74%)

10:21
12/12/19
12/12
10:21
12/12/19
10:21
Options
Smart Global option volume jumps as rescheduled earnings date spikes December »

Smart Global option…

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  • 19

    Dec

ALG

Alamo Group

$116.31

-0.1 (-0.09%)

10:19
12/12/19
12/12
10:19
12/12/19
10:19
Conference/Events
Alamo Group management to meet with Sidoti »

Meeting to be held in…

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03/06/13
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  • 17

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
12/12/19
12/12
10:17
12/12/19
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
12/12/19
12/12
10:16
12/12/19
10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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MG

Mistras

$13.96

0.12 (0.87%)

10:15
12/12/19
12/12
10:15
12/12/19
10:15
Conference/Events
Mistras management to meet with Sidoti »

Meeting to be held in the…

03/08/13
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  • 17

    Dec

PPL

PPL Corp.

$33.93

0.17 (0.50%)

10:15
12/12/19
12/12
10:15
12/12/19
10:15
Options
PPL Corp. put volume heavy and directionally bearish »

Bearish flow noted in PPL…

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03/06/13
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10:15
12/12/19
12/12
10:15
12/12/19
10:15
General news
FX Action: USD-JPY »

FX Action: USD-JPY…

10:15
12/12/19
12/12
10:15
12/12/19
10:15
General news
Breaking General news story  »

Week of 12/6 EIA Natural…

10:15
12/12/19
12/12
10:15
12/12/19
10:15
General news
Breaking General news story  »

Week of 12/6 EIA Natural…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$316.72

2.305 (0.73%)

10:14
12/12/19
12/12
10:14
12/12/19
10:14
Periodicals
U.S. offers to cancel upcoming round of China tariffs, WSJ reports »

U.S. trade negotiators…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$316.72

2.305 (0.73%)

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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DL

China Distance Education

$8.05

(0.00%)

10:10
12/12/19
12/12
10:10
12/12/19
10:10
Conference/Events
China Distance Education management to meet with Sidoti »

Meetings to be held in…

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  • 16

    Dec

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