  - $30.23
-0.53 (-1.72%) - 01/02/19
- BOFA
Top 10 US Ideas for Q1 2019 at BofA/Merrill BofA/Merrill's Alpha Generation Research team introduced its latest Top 10 US Ideas for Q1 2019. The list consists of 9 Buys that are Cigna (CI), Disney (DIS), Equinix (EQIX), Honeywell (HON), Lockheed Martin (LMT), Marvell (MRVL), Procter & Gamble (PG), AT&T (T), and Tapestry (TPR) and 1 Underperform rating which is Campbell Soup (CPB). - 12/11/18
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 Buy from Neutral at Citi with analyst Michael Rollins saying he expects AT&T to further benefit from the "measured" promotional environment in wireless, while improving its competitive position from FirstNet and the marketing of its network enhancements, branded 5G Evolution. 2. Sanofi (SNY) upgraded to Buy from Hold at Jefferies with analyst Peter Welford saying he believes European large-cap pharmaceuticals are entering a period of sustained earnings momentum which should justify valuations above the historic average for the sector. 3. Total (TOT) upgraded to Buy from Neutral at BofA/Merrill. 4. Zynga (ZNGA) upgraded to Outperform from Neutral at Macquarie. 5. Allstate (ALL) upgraded to Hold from Sell at Edward Jones. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. - 12/11/18
- MSCO
12/11/18
NO CHANGETarget $37
MSCO
Overweight AT&T likely to raise dividend despite deleveraging goals, says Morgan Stanley Morgan Stanley analyst Simon Flannery said he expects AT&T to raise its quarterly dividend by 1c to 51c from 50c per share as early as this Friday, which would be in-line with its timing last year. He would view such an increase, which would not be that notable normally but takes on added significance due to the company's high leverage and desire to delever, as a signal of confidence in the recent 2019 business and financial outlook, Flannery tells investors. He maintains an Overweight rating and $37 price target on AT&T shares. - 12/11/18
- SBSH
12/11/18
UPGRADETarget $34
SBSH
Buy Citi upgrades AT&T to Buy with shares down 23% year-to-date Citi analyst Michael Rollins upgraded AT&T to Buy from Neutral with an unchanged price target of $34. The stock closed yesterday down 24c to $29.91. The analyst expects AT&T to further benefit from the "measured" promotional environment in wireless, while improving its competitive position from FirstNet and the marketing of its network enhancements, branded 5G Evolution. Further, the company has "several levers" to manage free cash flow and support its net debt deleveraging goals for 2019, Rollins tells investors in a research note. In addition, the analyst believes the stock's 23% decline year-to-date provides a better risk/reward scenario. AT&T trades at a price-to-earnings ratio of about eight times the analyst's revised 2019 outlook and at a dividend yield of about 6.7%. He sees a buying opportunity at current share levels. |