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SONO

Sonos

$12.47

-0.13 (-1.03%)

, TRCO

Tribune Media

$44.99

0.04 (0.09%)

09:04
12/10/18
12/10
09:04
12/10/18
09:04

Sonos appoints Eddie Lazarus as Chief Legal Officer

Sonos (SONO) announced that Eddie Lazarus will join the Sonos team as its new Chief Legal Officer, effective Jan. 2, 2019. Lazarus joins Sonos after a distinguished career as an attorney, including most recently as General Counsel and Chief Strategy Officer for Tribune Media Company (TRCO) from 2013 to 2018. At Sonos, Lazarus will report directly to CEO Patrick Spence and will be based at the company's headquarters in Santa Barbara.

SONO

Sonos

$12.47

-0.13 (-1.03%)

TRCO

Tribune Media

$44.99

0.04 (0.09%)

SONO Sonos
$12.47

-0.13 (-1.03%)

09/11/18
JEFF
09/11/18
NO CHANGE
Target $23
JEFF
Hold
Sonos investors were expecting guidance raise, says Jefferies
Jefferies analyst Brent Thill says investors last night were looking for a raise on the fiscal year guidance, but the outlook fell in line with Street expectations. While remaining "fundamental fans of the story," the analyst believes the stock will be range-bound pending more clarity around fiscal 2019 and new products. Thill keeps a Hold rating on Sonos with a $23 price target following last night's Q3 report.
09/11/18
MSCO
09/11/18
NO CHANGE
Target $20
MSCO
Equal Weight
Sonos trading down on in-line Q4 outlook, says Morgan Stanley
Morgan Stanley analyst Katy Huberty noted that Sonos reported Q3 results at the high-end of preliminary ranges provided in July, but she said the stock is trading down due to an in-line Q4 outlook. The performance in the December quarter of new products, such as its Beam home theater product, will be a key indicator of Sonos' success in diversifying revenues and Huberty recommends remaining on the sidelines and monitoring Beam's performance heading into the holidays. She maintains an Equal Weight rating and $20 price target on Sonos shares, which are down $3.58, or 17%, to $17.66 in pre-market trading.
08/27/18
08/27/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Rigel Pharmaceuticals (RIGL) initiated with a Buy at Citi. 2. Sonos (SONO) initiated with a Buy at Goldman Sachs, an Outperform at RBC Capital, an Equal Weight at Morgan Stanley, as well as a Hold at Stifel and Jefferies. 3. Cushman & Wakefield (CWK) initiated with an Overweight at Barclays, JPMorgan, and Morgan Stanley, an Outperform at William Blair, JMP Securities, and Credit Suisse, a Buy at Goldman Sachs and BofA/Merrill, as well as a Neutral at Citi. 4. Talos Energy (TALO) initiated with an Overweight at Capital One. 5. VirTra (VTSI) initiated with a Buy at Lake Street. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/27/18
JEFF
08/27/18
INITIATION
Target $23
JEFF
Hold
Sonos initiated with a Hold at Jefferies
Jefferies analyst Brent Thill started Sonos (SONO) with a Hold rating and $23 price target. The company's products offer a "phenomenal" experience and its penetration of 7M homes is very low, Thill tells investors in a research note. However, the analyst finds it difficult to see "breakout growth" given Sonos' premium priced hardware with low recurring revenue. He adds that bears on the stock will offer GoPro (GPRO) and Fitbit (FIT) as comparisons to Sonos.
TRCO Tribune Media
$44.99

0.04 (0.09%)

12/07/18
WOLF
12/07/18
INITIATION
Target $44
WOLF
Underperform
Tribune Media initiated with an Underperform at Wolfe Research
Wolfe Research initiated Tribune Media with an Underperform and $44 price target.
12/04/18
BNCH
12/04/18
NO CHANGE
Target $115
BNCH
Buy
Nexstar price target raised to $115 from $96 at Benchmark
Benchmark analyst Daniel Kurnos raised his price target on Nexstar (NXST) to $115 from $96, stating that he believes the company's deal to buy Tribune Media (TRCO) puts Nexstar on track to become the "dominant player in the broadcast space." He sees Nexstar doing all that it takes to consummate the transaction, which in his view will increase the likelihood of a longer-term buyout from private equity, Kurnos tells investors. He maintains a Buy rating on Nexstar shares.
12/04/18
SPHN
12/04/18
NO CHANGE
Target $105
SPHN
Overweight
Nexstar price target raised to $105 after Tribune Media deal at Stephens
Stephens analyst Kyle Evans raised his price target on Nexstar Media (NXST) shares to $105 from $94 after the company announced a "highly accretive" deal to acquired Tribune Media (TRCO). While he acknowledges the transaction carries some regulatory and execution risk, Evans believes Nexstar has already proven to be a solid closer, integrator and operator of large deals, he tells investors. While raising his target to $105, Evans added that he thinks the stock could support a higher target when the deal looks more likely to close. He keeps an Overweight rating on Nexstar shares.
11/27/18
GABE
11/27/18
INITIATION
GABE
Buy
Tribune Media initiated with a Buy at Gabelli

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$NYE

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EH

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SHAK

Shake Shack

$59.20

0.29 (0.49%)

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MCK

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