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DIS

Disney

$112.65

-0.06 (-0.05%)

, KKR

KKR

$21.38

-0.09 (-0.42%)

14:58
01/10/19
01/10
14:58
01/10/19
14:58

Better Business Bureau gives 'Fortnite' maker 'F' rating

The gaming company behind such popular titles as "Fortnite" and "Infinity Blade" has an "F" rating with Better Business Bureau due to unanswered customer complaints. BBB serving Eastern North Carolina is warning consumers about Epic Games of Cary, NC, which has 279 BBB complaints on file in the past three years with 271 of those complaints filed in the last year alone. Of the 279 total complaints, 247 of those have gone unanswered. A majority of complaints submitted to BBB against Epic Games deal with customer service and refund or exchange issues. One complainant wrote, "Epic Games failed to protect customer security, resulting in several unsanctioned charges over mine and my partner's account." Another complainant added that, "There is no phone number or proper email response time to return my unauthorized charge of $160. Nobody will answer, and I feel cheated." Epic's investors include Tencent (TCEHY), KKR (KKR), and Disney (DIS).

DIS

Disney

$112.65

-0.06 (-0.05%)

KKR

KKR

$21.38

-0.09 (-0.42%)

TCEHY

Tencent

$0.00

(0.00%)

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    Feb

  • 03

    Mar

DIS Disney
$112.65

-0.06 (-0.05%)

12/07/18
NEED
12/07/18
NO CHANGE
NEED
Hold
Disney may need to lower FY19 estimates, says Needham
Needham analyst Laura Martin kept her Hold rating on Disney, warning that the company may need to lower its FY19 earnings guidance at its April investor meeting. The analyst cites the company's growing costs around "technology, content and marketing investments" in OTT services such as ESPN+ and Disney+, along with earnings dilution from the acquisition of 21st Century Fox. Martin also lowers her FY19 EPS view to $7.13 from $7.35 based on higher ESPN+ investments, rising programming costs related to college playoff games, and lower Studio segment revenue from tough comps related to last year's Thor, Coco, and Star Wars films.
12/14/18
NEED
12/14/18
NO CHANGE
Target $100
NEED
Buy
Electronic Arts price target lowered to $100 from $150 at Needham
Needham analyst Laura Martin lowered her price target on Electronic Arts (EA) to $100 given the company's less inspiring game release slate in FY20 relative to FY19, noting that the margins on the Star Wars title expected next year are lower than this year's Battlefield because of Disney (DIS) royalties. The analyst also attributes the lower target to the market repricing of stocks "valued at over 4-times enterprise value to sales". Martin is keeping her Buy rating on Electronic Arts given the ownership of its own IP assets, loyalty of "super-fans", lower risk based on its dependence on title "sequels", and the under-40 age demographic of its target market. The analyst adds that while the company does not have a "Sports game creation problem", the same may not be said about action/adventure game creation.
01/02/19
BOFA
01/02/19
NO CHANGE
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).
01/08/19
LOOP
01/08/19
NO CHANGE
Target $51
LOOP
Buy
21st Century Fox is 'attractive' way to participate in Disney, says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $51 price target on 21st Century Fox (FOXA), saying the stock represents "an attractive way to buy Disney (DIS) and create "New Fox" shares in the spinoff. The analyst also expects the New Fox to have less debt than previously anticipated while benefiting from continued strong growth of the Fox News Channel.
KKR KKR
$21.38

-0.09 (-0.42%)

10/26/18
ARGS
10/26/18
UPGRADE
Target $28
ARGS
Buy
KKR upgraded to Buy at Argus on valuation
As reported earlier, Argus analyst Stephen Biggar upgraded KKR to Buy from Hold with a price target of $28. The analyst says the pullback in the company's stock price is unwarranted, with its latest Q3 earnings beating expectations amid "continued healthy growth in fees and performance-related income". Biggar adds that the recent "market turbulence" will offer the company opportunities to deploy its "substantial cash holdings" in assets with future monetizations. The analyst further stated that its valuation premium to other alternative asset managers is "warranted by KKR's greater liquidity following its conversion to corporate status".
11/19/18
LEER
11/19/18
NO CHANGE
Target $42
LEER
Market Perform
Acadia selloff appears 'overdone,' says Leerink
Leerink analyst Ana Gupte views Acadia (ACHC) as being oversold after the CNBC newsflow on Friday around the issues ongoing with the sale process to KKR (KKR). The analyst notes that it is unclear to her if the strategic leak to CNBC is coming from the company itself to signal the end of the current sale process, or is a move from the current potential buyers in pursuit of a lower price. Gupte reiterates a Market Perform rating and $42 price target on Acadia shares.
01/04/19
GSCO
01/04/19
DOWNGRADE
Target $93
GSCO
Neutral
T. Rowe Price downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Alexander Blostein downgraded T. Rowe Price (TROW) to Neutral with a $93 price target. The analyst also removed the shares of KKR (KKR) and IntercontinentalExchange (ICE) from his firm's Americas Conviction List, but keeps Buy ratings on both. Blostein continues to view T. Rowe as "one of the strongest active management franchises" in a challenging environment for traditional asset managers, but he believes "risks to the stock are building." Flows are likely to decelerate "meaningfully" as T. Rowe's three-year excess returns in parts on equities and particularly in fixed income are declining and broader retail rotation out of equities remains a risk, the analyst tells investors in a research note.
01/04/19
GSCO
01/04/19
DOWNGRADE
Target $27
GSCO
Buy
KKR downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Alexander Blostein removed KKR from his firm's Americas Conviction List but keeps a Buy rating on the name. The analyst thinks the more challenging macro backdrop will likely be a headwind for the company's near-term cash earnings growth and book value growth. He still sees "significant upside" to his $27 12-month price target, but cautions that the "near-term path is less certain."
TCEHY Tencent
$0.00

(0.00%)

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.
12/12/18
MZHO
12/12/18
DOWNGRADE
MZHO
Neutral
Tencent assumed with a Neutral at Mizuho
Mizuho analyst James Lee assumed coverage on Tencent with a Neutral rating and a price target of HK$345, down from the firm's prior rating of Buy. He sees the company being well positioned in gaming, advertising, payments and commerce, but believes the near-term regulatory and macro environment creates uncertainty for the gaming and ad businesses.
11/08/18
OTRG
11/08/18
DOWNGRADE
OTRG
Mixed
Tencent downgraded to Mixed from Positive at OTR Global
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.

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RVNC

Revance

$18.11

-2.11 (-10.44%)

21:05
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MRTX

Mirati Therapeutics

$62.51

-2.33 (-3.59%)

20:49
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Syndicate
Mirati Therapeutics 1.6M share Spot Secondary priced at $62.00 »

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BREW

Craft Brew

$15.50

0.19 (1.24%)

20:45
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Craft Brew initiated at Maxim »

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ROX

Castle Brands

$0.91

0.0122 (1.36%)

20:41
01/16/19
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Initiation
Castle Brands initiated at Maxim »

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PRT

PermRock Royalty Trust

$9.61

-0.39 (-3.90%)

20:39
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Downgrade
PermRock Royalty Trust rating change at Stifel »

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GBCI

Glacier Bancorp

$42.87

1.36 (3.28%)

20:38
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ERJ

Embraer

$22.81

-0.59 (-2.52%)

20:34
01/16/19
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20:34
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20:34
Downgrade
Embraer rating change at Morgan Stanley »

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AICAF

Air China

$0.00

(0.00%)

20:32
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Air China rating change at HSBC »

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CEA

China Eastern Airlines

$28.64

-0.09 (-0.31%)

20:26
01/16/19
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China Eastern Airlines rating change at HSBC »

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MS

Morgan Stanley

$44.48

1.59 (3.71%)

, BBT

BB&T

$47.55

1.2 (2.59%)

20:25
01/16/19
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Earnings
Notable companies reporting before tomorrow's open »

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MS

Morgan Stanley

$44.48

1.59 (3.71%)

BBT

BB&T

$47.55

1.2 (2.59%)

PPG

PPG

$102.58

1.58 (1.56%)

MTB

M&T Bank

$154.45

3.04 (2.01%)

KEY

KeyCorp

$16.75

0.44 (2.70%)

FAST

Fastenal

$54.11

-0.47 (-0.86%)

03/08/13
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    Oct

FDC

First Data

$21.27

3.72 (21.20%)

20:07
01/16/19
01/16
20:07
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20:07
Downgrade
First Data rating change at Goldman Sachs »

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  • 03

    Mar

VEON

Veon

$2.56

-0.03 (-1.16%)

19:44
01/16/19
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Downgrade
Veon rating change at VTB Capital »

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AMZN

Amazon.com

$1,682.84

7.84 (0.47%)

19:22
01/16/19
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Hot Stocks
Amazon announces AWS Backup service »

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GS

Goldman Sachs

$197.03

17.12 (9.52%)

19:09
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Periodicals
WSJ's "Heard on the Street" column says to look past Goldman Sachs Q4 glitter »

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TSLA

Tesla

$346.03

1.78 (0.52%)

18:57
01/16/19
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Periodicals
CA makes up large portion of Tesla Model 3 registrations in 2018, Bloomberg says »

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  • 16

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CARS

Cars.com

$23.14

-0.26 (-1.11%)

, MNKD

MannKind

$1.32

-0.06 (-4.35%)

18:46
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Fly Intel: After Hours Movers »

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CARS

Cars.com

$23.14

-0.26 (-1.11%)

MNKD

MannKind

$1.32

-0.06 (-4.35%)

FOLD

Amicus

$12.18

0.19 (1.58%)

FUL

H.B. Fuller

$43.35

0.09 (0.21%)

PLXS

Plexus

$54.88

1.195 (2.23%)

CSX

CSX

$65.36

0.27 (0.41%)

KMI

Kinder Morgan

$17.46

0.15 (0.87%)

AA

Alcoa

$29.02

0.13 (0.45%)

ACB

Aurora Cannabis

$7.33

0.35 (5.01%)

MRTX

Mirati Therapeutics

$62.51

-2.33 (-3.59%)

AAPL

Apple

$154.88

1.84 (1.20%)

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BAC

Bank of America

$28.44

1.89 (7.12%)

18:46
01/16/19
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BofA's global investment banking head to leave bank, FT reports »

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NEWR

New Relic

$90.47

1.38 (1.55%)

18:44
01/16/19
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New Relic CEO: 'We are an app-centric company' »

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TME

Tencent Music

$12.99

0.57 (4.59%)

18:33
01/16/19
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18:33
Initiation
Tencent Music initiated at JPMorgan »

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ASCMA

Ascent Capital

$0.40

-0.0499 (-11.09%)

18:27
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Ascent Capital announces strategic review »

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CMS

CMS Energy

$50.56

0.34 (0.68%)

18:19
01/16/19
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18:19
Initiation
CMS Energy initiated at Goldman Sachs »

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  • 10

    Feb

DTE

DTE Energy

$111.73

0.48 (0.43%)

18:15
01/16/19
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18:15
Initiation
DTE Energy initiated at Goldman Sachs »

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