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SNAP

Snap

$6.28

0.06 (0.96%)

, TWTR

Twitter

$32.84

-0.25 (-0.76%)

07:23
01/14/19
01/14
07:23
01/14/19
07:23

Citi upgrades Snap to Neutral ahead of Android app rollout

Citi analyst Mark May upgraded Snap (SNAP) to Neutral from Sell and raised his price target for the shares to $7 from $6. The camera company closed Monday up 6c to $6.28. Snap is down 70% since February 2018 and its current valuation is below Twitter (TWTR) and Facebook's (FB) current and four-year average multiple, May tells investors in a research note. Further, the analyst expects Snap will soon fully rollout a new version of its app for Android, which could improve user and engagement growth. In addition, Snap's advertising average revenue per user accelerated in Q3, which bodes well, especially if user growth likewise improves later in 2019, May contends.

SNAP

Snap

$6.28

0.06 (0.96%)

TWTR

Twitter

$32.84

-0.25 (-0.76%)

FB

Facebook

$143.75

-0.47 (-0.33%)

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    Mar

SNAP Snap
$6.28

0.06 (0.96%)

01/10/19
COWN
01/10/19
UPGRADE
COWN
Market Perform
Snap upgraded to Market Perform from Underperform at Cowen
01/10/19
01/10/19
UPGRADE
Target $39

Buy
BofA/Merrill upgrades Twitter two notches to Buy following social user survey
As previously reported, BofA Merrill Lynch analyst Justin Post upgraded Twitter (TWTR) two notches, to Buy from Underperform, after conducting a survey in early December of more than 1,000 U.S. consumers ages 18-65. The survey showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. Improving metrics in the 18-29 demographic suggest more younger users are turning to Twitter, noted Post. The analyst, who sees Twitter as a strong play on video ad dollars shifting online and advertisers potentially diversifying their ad spending, raised his price target on Twitter shares to $39. Post added in the note to investors that the survey suggested Google (GOOGL) and Facebook's (FB) Instagram have the most positive usage trends, while the negative effects from Snap's (SNAP) redesign appear to have continued.
01/10/19
COWN
01/10/19
UPGRADE
Target $6
COWN
Market Perform
Snap upgraded to Market Perform at Cowen
As reported previously, Cowen analyst John Blackledge upgraded Snap to Market Perform from Underperform. The analyst believes its valuation is reasonable and with ad spending expected to increase this year, the company could benefit. Blackledge maintains his $6 price target on Snap shares.
01/14/19
SBSH
01/14/19
UPGRADE
SBSH
Neutral
Snap upgraded to Neutral from Sell at Citi
Citi analyst Mark May upgraded Snap to Neutral.
TWTR Twitter
$32.84

-0.25 (-0.76%)

01/10/19
BOFA
01/10/19
UPGRADE
BOFA
Buy
Twitter upgraded to Buy from Underperform at BofA/Merrill
01/10/19
JPMS
01/10/19
NO CHANGE
Target $44
JPMS
Overweight
Twitter named a 2019 best Internet idea at JPMorgan
JPMorgan analyst Doug Anmuth names Twitter (TWTR) a best Internet idea for 2019 along with Facebook (FB) and Amazon.com (AMZN). Twitter shares increased 20% in 2018 on "continued solid" daily active user growth, "significant" revenue re-acceleration following 2017 declines, and the company's first full year of GAAP profitability, Anmuth tells investors in a research note. Going into 2019, he believes Twitter is making "meaningful progress on its health work identifying malicious and spammy content." Quality improvements should drive benefits to usage and advertising revenue long-term, adds the analyst. Further, Anmuth's channel checks suggest Twitter's advertising products and improving return on investment "are increasingly resonating with marketers." The analyst lowered his price target for the shares to $44 from $45 and keeps an Overweight rating on Twitter. The stock closed yesterday up 44c to $32.25 and is up 3% in premarket trading to $33.26 after BofA/Merrill analyst Justin Post double upgraded his rating on Twitter to Buy from Underperform.
01/10/19
01/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Constellation Brands (STZ) upgraded to Buy from Neutral at Goldman Sachs and to Neutral from Sell at Guggenheim. 2. Boeing (BA) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. Lockheed Martin (LMT) upgraded to Buy from Hold at Vertical Group. 4. United Continental (UAL) upgraded to Overweight from Neutral at JPMorgan while Alaska Air (ALK) was upgraded to Neutral from Underweight. 5. Twitter (TWTR) double upgraded to Buy from Underperform at BofA/Merrill with analyst Justin Post citing a survey he conducted which showed Twitter penetration increased to 48% of respondents and the percentage of users reporting deceased usage fell slightly. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
FB Facebook
$143.75

-0.47 (-0.33%)

01/09/19
ARGS
01/09/19
NO CHANGE
Target $206
ARGS
Buy
Argus remains positive on Facebook as a 'dominant social media site'
Argus analyst Joseph Bonner kept his Buy rating and $206 price target on Facebook, saying that in spite of the "challenging near term outlook" of slowing revenue and rising costs in 2019, the company justifies a bullish stance based on its position as the "dominant social media site". The analyst contends that Facebook's Messenger and WhatsApp have all reached a critical mass of users and continue to be monetized, while the 26% decline in its stock price last year has been a "positive for valuation".
01/10/19
MSCO
01/10/19
DOWNGRADE
Target $29
MSCO
Underweight
Morgan Stanley sees revenue headwinds for Yelp, downgrades to Underweight
As previously reported, Morgan Stanley analyst Brian Nowak downgraded Yelp (YELP) to Underweight from Equal Weight as he identified three building revenue headwinds that he believes will lead to negative revisions and underperformance of the stock. First, Nowak sees the increased flexibility of Yelp's new non-term agreements leading to lower spend per customer. Second, he sees pricing compression risk given that his ad pricing analysis shows Yelp's average cost per click is still over four times higher than Google (GOOGL) and Facebook (FB). Third, he expects Yelp's declining user base to further hold back spend per customer. Nowak cut his price target on Yelp shares to $29 from $31, noting that his revised FY19 and FY20 EBITDA estimates are now 2% and 6%, respectively, below consensus.

TODAY'S FREE FLY STORIES

COP

ConocoPhillips

$65.69

-2.21 (-3.25%)

, SNP

Sinopec

$77.78

-1.96 (-2.46%)

21:01
01/22/19
01/22
21:01
01/22/19
21:01
Periodicals
Breaking Periodicals news story on ConocoPhillips, Sinopec »

Sinopec and…

COP

ConocoPhillips

$65.69

-2.21 (-3.25%)

SNP

Sinopec

$77.78

-1.96 (-2.46%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 31

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    May

ALPN

Alpine Immune Sciences

$5.79

(0.00%)

20:50
01/22/19
01/22
20:50
01/22/19
20:50
Hot Stocks
Alpine Immune Sciences CEO buys 191K shares of common stock »

In a regulatory filing,…

03/08/13
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03/06/13
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LW

Lamb Weston

$70.75

-0.145 (-0.20%)

20:36
01/22/19
01/22
20:36
01/22/19
20:36
Upgrade
Lamb Weston rating change  »

Lamb Weston upgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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KMB

Kimberly-Clark

$115.15

-1.675 (-1.43%)

, UTX

United Technologies

$111.23

-2.7 (-2.37%)

20:25
01/22/19
01/22
20:25
01/22/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

KMB

Kimberly-Clark

$115.15

-1.675 (-1.43%)

UTX

United Technologies

$111.23

-2.7 (-2.37%)

ABT

Abbott

$71.56

0.13 (0.18%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$35.16

-1.05 (-2.90%)

PG

Procter & Gamble

$90.50

-0.89 (-0.97%)

PGR

Progressive

$63.18

-1.24 (-1.92%)

APH

Amphenol

$81.06

-1.41 (-1.71%)

SYF

Synchrony

$26.55

0.27 (1.03%)

WAT

Waters

$203.52

-3.315 (-1.60%)

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

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  • 23

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    Jan

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    Jan

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    Feb

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    Feb

  • 03

    Mar

  • 28

    May

TXRH

Texas Roadhouse

$66.00

-1 (-1.49%)

20:23
01/22/19
01/22
20:23
01/22/19
20:23
Downgrade
Texas Roadhouse rating change at Stifel »

Texas Roadhouse…

03/08/13
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03/08/13
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03/06/13
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UAL

United Continental

$83.34

-2.27 (-2.65%)

, JBLU

JetBlue

$17.36

-0.24 (-1.36%)

19:49
01/22/19
01/22
19:49
01/22/19
19:49
Hot Stocks
Normal operations at Newark Airport have resumed after reported drone activity »

Newark International…

UAL

United Continental

$83.34

-2.27 (-2.65%)

JBLU

JetBlue

$17.36

-0.24 (-1.36%)

AAL

American Airlines

$32.75

-1.21 (-3.56%)

LUV

Southwest

$50.54

-1.04 (-2.02%)

DAL

Delta Air Lines

$47.10

-1 (-2.08%)

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

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  • 24

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    Jan

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    Jan

  • 04

    Mar

PLL

Piedmont Lithium

$7.60

(0.00%)

19:35
01/22/19
01/22
19:35
01/22/19
19:35
Hot Stocks
Piedmont Lithium initiates 25K meter drill program »

Piedmont Lithium Limited…

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

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GSBC

Great Southern Bancorp

$49.85

-0.7 (-1.38%)

19:34
01/22/19
01/22
19:34
01/22/19
19:34
Earnings
Great Southern Bancorp reports preliminary Q4 EPS $1.21, consensus $1.12 »

Reports Q4 NII $44.6M,…

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

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  • 23

    Jan

  • 13

    Feb

  • 14

    Feb

BAYRY

Bayer

$0.00

(0.00%)

19:08
01/22/19
01/22
19:08
01/22/19
19:08
Periodicals
Bayer requests that CA judge limit evidence in Roundup trial, Reuters says »

Bayer's Monsanto has…

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

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BLK

BlackRock

$413.28

-6.01 (-1.43%)

19:07
01/22/19
01/22
19:07
01/22/19
19:07
Hot Stocks
BlackRock CEO sells 30.8K shares of common stock »

In a regulatory filing,…

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

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  • 23

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    Jan

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    Feb

EHTH

eHealth

$45.38

-0.85 (-1.84%)

, ARAY

Accuray

$3.97

0.09 (2.32%)

19:01
01/22/19
01/22
19:01
01/22/19
19:01
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS:…

EHTH

eHealth

$45.38

-0.85 (-1.84%)

ARAY

Accuray

$3.97

0.09 (2.32%)

NAVI

Navient

$10.87

-0.05 (-0.46%)

IBM

IBM

$122.34

-1.49 (-1.20%)

CNMD

Conmed

$66.62

-0.03 (-0.05%)

PUMP

ProPetro Holding

$14.96

-0.49 (-3.17%)

AMTD

TD Ameritrade

$54.96

-0.38 (-0.69%)

TBNK

Territorial Bancorp

$26.90

-0.26 (-0.96%)

APHA

Aphria

$7.07

0.41 (6.16%)

TSE

Trinseo

$48.54

-2.78 (-5.42%)

COF

Capital One

$83.38

-1.62 (-1.91%)

QUOT

Quotient Technology

$10.99

-0.55 (-4.77%)

IBKR

Interactive Brokers

$51.92

-2.82 (-5.15%)

PTCT

PTC Therapeutics

$33.08

-1.245 (-3.63%)

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

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  • 22

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  • 10

    Feb

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    Feb

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    Feb

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    Mar

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  • 23

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  • 25

    Jan

APHA

Aphria

$7.07

0.41 (6.16%)

18:55
01/22/19
01/22
18:55
01/22/19
18:55
Hot Stocks
Green Growth files offer to acquire Aphria »

Green Growth Brands Inc.…

03/08/13
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LOGI

Logitech

$33.69

0.24 (0.72%)

18:42
01/22/19
01/22
18:42
01/22/19
18:42
Hot Stocks
Logitech CEO says 'we had a very strong quarter' »

In an interview on…

03/08/13
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  • 22

    Jan

WBA

Walgreens Boots Alliance

$71.59

-0.81 (-1.12%)

18:39
01/22/19
01/22
18:39
01/22/19
18:39
Periodicals
Walgreens to pay $269.2M to resolve U.S. fraud suits, Reuters reports »

The U.S. Department of…

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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  • 25

    Jan

SMBC

Southern Missouri Bancorp

$32.22

-0.29 (-0.89%)

18:35
01/22/19
01/22
18:35
01/22/19
18:35
Earnings
Southern Missouri Bancorp sees Q2 adjusted EPS 81c, consensus 72c »

Southern Missouri…

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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Z

Zillow

$31.41

-2.52 (-7.43%)

18:32
01/22/19
01/22
18:32
01/22/19
18:32
Hot Stocks
Zillow's StreetEasy unveils new Listing Tools platform »

StreetEasyunveiled…

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

Viacom

$32.44

-0.71 (-2.14%)

, VIAB

Viacom

$29.22

-0.87 (-2.89%)

18:25
01/22/19
01/22
18:25
01/22/19
18:25
Hot Stocks
Viacom to acquire Pluto TV for $340M in cash »

Viacom Inc. announced…

VIA

Viacom

$32.44

-0.71 (-2.14%)

VIAB

Viacom

$29.22

-0.87 (-2.89%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 05

    Feb

  • 05

    Feb

GOOG

Alphabet

$1,070.72

-27.53 (-2.51%)

, GOOGL

Alphabet Class A

$1,078.68

-28.24 (-2.55%)

18:23
01/22/19
01/22
18:23
01/22/19
18:23
Periodicals
Google spent company-record $21.2M on U.S. lobbying in 2018, Reuters says »

Alphabet's Google…

GOOG

Alphabet

$1,070.72

-27.53 (-2.51%)

GOOGL

Alphabet Class A

$1,078.68

-28.24 (-2.55%)

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

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  • 24

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    Jan

  • 04

    Feb

  • 04

    Feb

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    Feb

  • 03

    Mar

VIA

Viacom

$32.44

-0.71 (-2.14%)

, VIAB

Viacom

$29.22

-0.87 (-2.89%)

18:16
01/22/19
01/22
18:16
01/22/19
18:16
Periodicals
Viacom to buy Pluto TV for $340M in cash, THR reports »

Viacom will pay $340M in…

VIA

Viacom

$32.44

-0.71 (-2.14%)

VIAB

Viacom

$29.22

-0.87 (-2.89%)

03/08/13
Wedge Partners
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  • 05

    Feb

  • 05

    Feb

AZZ

AZZ Inc.

$45.09

-0.67 (-1.46%)

18:13
01/22/19
01/22
18:13
01/22/19
18:13
Earnings
AZZ Inc. sees FY20 EPS $2.25-$2.75, consensus $2.54 »

Sees FY20 revenue…

03/08/13
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TSLA

Tesla

$298.80

-3.46 (-1.14%)

18:13
01/22/19
01/22
18:13
01/22/19
18:13
Hot Stocks
Elon Musk says Tesla Sentry Mode 'coming soon' for cars with Enhanced Autopilot »

Tesla CEO Elon Musk said…

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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  • 30

    Jan

NCOM

National Commerce

$39.07

-0.03 (-0.08%)

18:01
01/22/19
01/22
18:01
01/22/19
18:01
Earnings
National Commerce reports Q4 EPS 51c, consensus 68c »

Reports Q4 NII $43.9M,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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IBM

IBM

$122.34

-1.49 (-1.20%)

18:01
01/22/19
01/22
18:01
01/22/19
18:01
Hot Stocks
IBM says Red Hat acquisition will help accelerate leadership in hybrid cloud »

Says tax was a headwind…

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

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  • 22

    Jan

  • 25

    Feb

  • 03

    Mar

  • 04

    Mar

UAL

United Continental

$83.34

-2.27 (-2.65%)

17:57
01/22/19
01/22
17:57
01/22/19
17:57
Periodicals
United Continental says FAA initiated ground stop for all Newark traffic 

Reported by Bloomberg.

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

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  • 04

    Mar

AQMS

Aqua Metals

$2.16

0.07 (3.35%)

17:55
01/22/19
01/22
17:55
01/22/19
17:55
Hot Stocks
Aqua Metals director Shariq Yosufzai buys 10,000 shares of company stock »

Aqua Metals director…

03/08/13
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03/06/13
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03/06/13
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