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VIA

Viacom

$32.44

0.28 (0.87%)

, VIAB

Viacom

$29.42

0.09 (0.31%)

06:21
01/14/19
01/14
06:21
01/14/19
06:21

Viacom mulls majority stake sale of China operations, WSJ reports

Viacom (VIA, VIAB) is in discussions to sell a majority stake in some of its China operations after facing challenges in trying to scale its business in the region, the Wall Street Journal reports, citing people familiar with the matter. The company has had talkes about a stake sale with at least one Chinese entity in the last few months, but a deal may or may not materialize and the move follows similar divestments by big U.S. corporations, like McDonald's (MCD) and Hewlett-Packard (HPE) in recent years. Reference Link

VIA

Viacom

$32.44

0.28 (0.87%)

VIAB

Viacom

$29.42

0.09 (0.31%)

MCD

McDonald's

$182.34

0.78 (0.43%)

HPE

HP Enterprise

$14.24

0.11 (0.78%)

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    Jan

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    Feb

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    May

VIA Viacom
$32.44

0.28 (0.87%)

01/11/19
IMPC
01/11/19
UPGRADE
Target $37
IMPC
Outperform
Viacom upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital analyst David Miller upgraded Viacom (VIAB) to Outperform and raised his price target for the shares to $37 from $30. Now is the time to get constructive given the stock's 13.5% correction over the past 12 weeks, Miller tells investors in a research note. The analyst adds that while Viacom's fiscal 2019 film slate does not impress him, its slate for fiscal 2020 looks more promising, highlighted by Gemini Man, G.I. Joe, another Spongebob film, Top Gun, with Tom Cruise reprising his role from the 1986 classic. He believes the stock's risk/reward now favors long positions.
01/11/19
01/11/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Buy from Neutral at UBS, with analyst Eric Sheridan saying that after six months of stock underperformance as key debates emerged about competition, margins and free cash flow, the debates are better understood by investors and reflected in the current stock price. The analyst sees share upside over the near-to-medium term to subscriber growth. Current subscriber metrics such as growth, churn, spend and consumption are tracking inline to better than management's Q4 guidance and commentary. Shares were also upgraded to Strong Buy from Outperform at Raymond James. 2. Legg Mason (LM) upgraded to Neutral from Underperform at BofA/Merrill, with analyst Michael Carrier saying flows are holding up better than peers, management is de-leveraging the balance sheet, and expects potential efficiency measures and product approvals to be announced. 3. Viacom (VIAB) upgraded to Outperform from In-Line at Imperial Capital by analyst David Miller, who said now is the time to get constructive given the stock's 13.5% correction over the past 12 weeks. The analyst added that while Viacom's fiscal 2019 film slate does not impress him, its slate for fiscal 2020 looks more promising, highlighted by Gemini Man, G.I. Joe, another Spongebob film, Top Gun, with Tom Cruise reprising his role from the 1986 classic. 4. Colgate-Palmolive (CL) upgraded to Buy from Neutral at Goldman Sachs, with analyst Jason English saying he expects a combination of accelerating organic sales and easing input cost pressures to drive higher profitability. Colgate-Palmolive's valuation will return to the historical premium "that it has enjoyed relative to the HPC sector once its organic sales re-accelerate," he said. 5. Tapestry (TPR) upgraded to Overweight from Equal Weight and Ralph Lauren (RL) upgraded to Equal Weight from Underweight at Barclays by analyst Chethan Mallela. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/02/19
SPHN
01/02/19
UPGRADE
Target $58
SPHN
Overweight
CBS upgraded to Overweight from Equal Weight at Stephens
Stephens analyst Kyle Evans upgraded CBS to Overweight from Equal Weight as he believes investor sentiment is poised to improve on the name in 2019 and that the company can continue to post solid results driven by underlying unit growth and stronger pricing. While the threat of a potential Viacom (VIAB) transaction remains, Evans also sees "a decent chance" CBS will become an acquisition target itself as the OTT and streaming video markets become increasingly competitive, he tells investors. Evans keeps a $58 price target on CBS shares.
12/28/18
RILY
12/28/18
NO CHANGE
Target $30
RILY
Buy
Viacom price target lowered to $30 from $39 at B. Riley FBR
B. Riley FBR analyst Barton Crockett lowered his price target for Viacom (VIAB) to $30 from $39 after adjusting his estimates. The analyst keeps a Buy rating on the shares.
VIAB Viacom
$29.42

0.09 (0.31%)

01/02/19
BRRR
01/02/19
UPGRADE
Target $35
BRRR
Outperform
Viacom upgraded to Outperform from Market Perform at Barrington
Barrington analyst James Goss upgraded Viacom (VIAB) to Outperform with a price target of $35. The analyst believes the fundamental progress for Viacom in its own turnaround efforts is not at all reflected in the stock's current trading levels. His upgrade reflects the company's efforts at improving the operational performance of its two main business segments.
MCD McDonald's
$182.34

0.78 (0.43%)

01/10/19
ARGS
01/10/19
NO CHANGE
Target $210
ARGS
Buy
McDonald's to benefit from new promotional offers, says Argus
Argus analyst John Staszak kept his Buy rating and $210 price target on McDonald's, saying the company is expected to "benefit from the launch of new promotional offers, store renovations, and the increased use of its mobile order-and-pay system." The analyst also cites the appeal of the 2.6% dividend yield on the stock along with the company's history of annual dividend increases. Staszak contends that a valuation multiple higher than the current 21.1-times forward earnings is warranted by McDonald's menu and store renovation initiatives.
01/11/19
GSCO
01/11/19
DOWNGRADE
Target $68
GSCO
Neutral
Starbucks downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Karen Holthouse downgraded Starbucks to Neutral and lowered her price target for the shares to $68 from $75. The coffee giant closed yesterday up 31c to $64.19. The analyst remains "reasonably confident" that Starbucks' initiatives to drive digital engagement can lead to a "more stable" 3%-4% comp trajectory in the U.S. over the next few years. However, its valuation has "rapidly re-rated" to reflect this, and gift cards and digital trends could be points of caution in fiscal Q1, Holthouse tells investors in a research note. Further, she has "incremental concerns" regarding the China macro environment and the company's comp trajectory in that region. Other consumer companies, like Apple (AAPL) and McDonald's (MCD), have noted weakness in China, the analyst points out. Holthouse this morning also upgraded Texas Roadhouse (TXRH) to Buy from Neutral and downgraded Yum! Brands (YUM) to Sell from Neutral.
01/11/19
PIPR
01/11/19
NO CHANGE
PIPR
Piper lays out top restaurant stock recommendations for 2019
Restaurant stocks are back in favor, Piper Jaffray analyst Nicole Miller Regan tells investors in a research note. She believes "we are at the mid-point of the current contraction phase." Fewer stocks, a fundamentally improved supply/demand balance resulting in improved sales performance, and ongoing consolidation lend valuation support, says the analyst. She views restaurant sector as being favorably positioned "as investors shift their perspective to the eventual expansion cycle." Miller Regan's top stock recommendations for 2019 include companies with "operational momentum and strong culture as drivers," namely Darden (DRI), McDonald's (MCD) and Shake Shack (SHAK), as well as companies she has a high level of conviction on recovery situations, like Chipotle Mexican Grill (CMG). Those four are her top picks for 2019.
01/11/19
LBOW
01/11/19
NO CHANGE
LBOW
Neutral
McDonald's likely gained share over Burger King in Q4, says Longbow
Longbow analyst Alton Stump said his checks with U.S. Burger King franchisees lead him to estimate North American same-store sales were down 0.5%-1% in Q4, which he notes is better than his prior estimate for a 1.5% decline but below the consensus call for a 0.2% drop. The introduction of the 10 chicken nuggets for $1 deal in mid-October provided a sales lift but irritated franchisees who were not pleased with the margin pressure, added Stump. Based on his franchisee checks for Burger King and McDonald's (MCD), he thinks the latter gained share over the former, and possibly over Wendy's (WEN), in Q4. Stump keeps a Neutral rating on Burger King parent Restaurant Brands (QSR).
HPE HP Enterprise
$14.24

0.11 (0.78%)

12/12/18
LOOP
12/12/18
NO CHANGE
Target $23
LOOP
Buy
HP Enterprise 'very confident about current demand trends', says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $23 price target on HP Enterprise after meeting with its Investor Relations director yesterday, saying the discussions suggested that the company is "very confident regarding current demand trends". The analyst also notes that HP Enterprise believes it is well positioned to absorb the current China tariffs and possibly offset the 25% rate of tariff if that comes to pass. Baruah adds that his bullish thesis on the stock may prove "conservative" if the "next-generation applications and Edge computing manifest".
12/11/18
WOLF
12/11/18
INITIATION
Target $14
WOLF
Underperform
HP Enterprise initiated with an Underperform at Wolfe Research
Wolfe Research analyst Steven Milunovich started HP Enterprise (HPE) with an Underperform rating and $14 price target, stating that in enterprise computing he prefers HP Inc (HPQ) and NetApp (NTAP). HP Enterprise's outlook is more dependent on execution than strategy at this point, Milunovich added.
10/25/18
LOOP
10/25/18
NO CHANGE
Target $23
LOOP
Buy
HP Enterprise sees continued 'robust demand', says Loop Capital
Loop Capital analyst Ananda Baruah kept his Buy rating and $23 price target on HP Enterprise after its Analyst Day presentation. The analyst believes that the management's guidance for 2019 was "conservative" and also points to its expectations of "robust demand with no impact from macro concerns". Baruah further cites the company's view that tariff concerns are immaterial for its business, calling the stock an "enterprise beacon in a sea of concern".
10/23/18
SUSQ
10/23/18
NO CHANGE
SUSQ
Susquehanna downgrades Enterprise Hardware sector on cloud downturn
Susquehanna analyst Mehdi Hosseini downgraded his sector view for Enterprise Hardware, stating that top executives at Cloud service providers and Enterprise customers appear to have become more cautious about 2019 spending plans and the "digestion period" he has been anticipating by YE18 and into 1H19 appears to have evolved into a more worrisome "downturn." In the sector, as previously reported, Hosseini downgraded NetApp (NTAP) to Neutral from Positive, stating that it is unclear how sizable HCI and Cloud will be to NetApp in the near-term, while the core business enters a period of tough comparisons. He is also maintaining his Negative rating on Nutanix (NTNX) and Neutral ratings on HP Enterprise (HPE) and Pure Storage (PSTG).

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EFSC

Enterprise Financial

$41.41

0.99 (2.45%)

17:56
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FB

Facebook

$150.01

1.77 (1.19%)

16:36
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Facebook planning to add 1,000 jobs in Ireland by year-end, Reuters says »

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FB

Facebook

$150.01

1.77 (1.19%)

16:33
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Periodicals
Facebook's WhatsApp limits users to five text forwards, Reuters reports »

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ENB

Enbridge

$36.10

0.425 (1.19%)

16:28
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LIN

Linde plc

$160.76

3.48 (2.21%)

16:25
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Periodicals
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  • 28

    May

HENKY

Henkel

$0.00

(0.00%)

16:01
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16:01
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CAG

Conagra Brands

$21.58

0.34 (1.60%)

14:06
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13:15
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General news
IMF trimmed global growth amid "no-deal" Brexit and trade war concerns »

IMF trimmed global growth…

UQM

UQM Technologies

$1.10

0.05 (4.76%)

13:05
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SNY

Sanofi

$41.50

-0.54 (-1.28%)

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RTN

Raytheon

$165.11

2.285 (1.40%)

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IBCP

Independent Bank

$22.80

-0.11 (-0.48%)

11:26
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EDIT

Editas Medicine

$26.16

-0.01 (-0.04%)

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

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Alphabet Class A

$1,106.92

7.52 (0.68%)

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$1,098.25

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$1,106.92

7.52 (0.68%)

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LAD

Lithia Motors

$87.13

1.57 (1.84%)

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CYDY

CytoDyn

$0.00

(0.00%)

10:25
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  • 21

    Jan

ABT

Abbott

$71.43

0.9 (1.28%)

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SFUN

Fang Holdings

$1.88

-0.01 (-0.53%)

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TS

Tenaris

$24.32

0.64 (2.70%)

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PAAS

Pan American Silver

$14.17

-0.31 (-2.14%)

09:42
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CRWS

Crown Crafts

$5.68

(0.00%)

09:38
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