Breaking News Instant updates and real-time market news.

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

Viacom to buy Pluto TV for $340M in cash, THR reports

Viacom will pay $340M in cash to acquire free streaming service Pluto TV, which it intends to use as a distribution outlet for digital programming from brands such as Awesomeness and as a marketing tool for its portfolio of media brands, the Hollywood Reporter reports. The transaction is expected to close during the first quarter, the report notes. "As the video marketplace continues to segment, we see an opportunity to support the ecosystem in creating products at a broad range of price points, including free," CEO Bob Bakish said. "To that end, we see significant white space in the ad-supported streaming market and are excited to work with the talented Pluto TV team, and a broad range of Viacom partners, to accelerate its growth in the U.S. and all over the world." Reference Link

VIA

Viacom

$32.44

-0.71 (-2.14%)

VIAB

Viacom

$29.22

-0.87 (-2.89%)

  • 05

    Feb

  • 05

    Feb

VIA Viacom
$32.44

-0.71 (-2.14%)

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.
01/14/19
WEDB
01/14/19
NO CHANGE
Target $200
WEDB
Outperform
China price cuts, content M&A to lay groundwork for Apple's future, says Wedbush
Wedbush analyst Daniel Ives believes Apple (AAPL) needs to aggressively cut prices in China on XR and pull forward what he estimates is roughly 15M-20M iPhones that would otherwise sit idle waiting for the next release, or worst case, move to lower priced competition. Additionally, with services the linchpin of the Apple story moving forward, there needs to be serious contemplation within Cupertino around significant content acquisitions to drive services over the coming years, he contends. Ives sees A24, Lionsgate (LGF.A; LGF.B), and Sony Pictures (SNE) among the highest probability M&A targets, Viacom (VIA;VIAB)/CBS(CBS), and MGM Studios among the medium probability M&A targets, and Netflix (NFLX), Disney (DIS), and Gaming platform/video game publishers among the low probability M&A targets. The analyst reiterates an Outperform rating and $200 price target on Apple shares.
01/15/19
PIVT
01/15/19
UPGRADE
Target $36
PIVT
Buy
Viacom upgraded to Buy from Hold at Pivotal Research
Pivotal Research analyst Brian Wieser upgraded Viacom (VIAB) to Buy and raised his price target for the shares to $36 from $33. The analyst cites valuation for the upgrade with greater than 15% upside to his new price target. Ahead of the Q4 earnings season, Wieser also maintains a Sell rating on Disney (DIS) and Hold ratings on CBS (CBS) and Discovery (DISCA).
01/15/19
01/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Viacom (VIA, VIAB) upgraded to Buy from Hold at Pivotal Research with analyst Brian Wieser citing valuation. 2. Citi (C) upgraded to Outperform from Market Perform at BMO Capital with analyst James Fotheringham saying the bank's Q4 earnings and outlook were "just fine," but the stock trades "as if tragedy were nigh" at a 2-year forward multiple of 6.3-times earnings relative to the average historical valuation of 9.5-times. 3. Grainger (GWW) upgraded to Outperform from Neutral at Macquarie. 4. Helmerich & Payne (HP) upgraded to Overweight from Neutral at JPMorgan with analyst Sean Meakim saying while Helmerich is not immune from lower exploration and production spending, there is too much pessimism on the company's ability to sustain EBITDA in such an environment. 5. Akamai (AKAM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Keith Weiss citing his increased confidence in durable high single digit revenue growth and margins improving. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
VIAB Viacom
$29.22

-0.87 (-2.89%)

TODAY'S FREE FLY STORIES

IDTI

Integrated Device

$48.21

-0.05 (-0.10%)

, SSNLF

Samsung

$0.00

(0.00%)

06:37
03/19/19
03/19
06:37
03/19/19
06:37
Hot Stocks
Integrated Device wireless charging solutions selected by Samsung »

Integrated Device…

IDTI

Integrated Device

$48.21

-0.05 (-0.10%)

SSNLF

Samsung

$0.00

(0.00%)

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

See Street Research during your Free Trial

  • 20

    Mar

  • 25

    Mar

NKE

Nike

$87.80

0.99 (1.14%)

06:36
03/19/19
03/19
06:36
03/19/19
06:36
Recommendations
Nike analyst commentary  »

Nike price target raised…

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

See Street Research during your Free Trial

  • 21

    Mar

  • 04

    Apr

  • 04

    Apr

HNHPF

Hon Hai Precision

$0.00

(0.00%)

06:36
03/19/19
03/19
06:36
03/19/19
06:36
Periodicals
Foxconn to establish global data center in Taiwan, DigiTimes reports »

Foxconn Electronics…

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

See Street Research during your Free Trial

AQB

AquaBounty

$2.79

-0.06 (-2.11%)

06:35
03/19/19
03/19
06:35
03/19/19
06:35
Syndicate
AquaBounty 3.345M share Secondary priced at $2.25 »

H.C. Wainwright acted as…

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

See Street Research during your Free Trial

DNR

Denbury Resources

$1.85

0.15 (8.82%)

, PVAC

Penn Virginia

$53.97

1.13 (2.14%)

06:34
03/19/19
03/19
06:34
03/19/19
06:34
Hot Stocks
Denbury Resources and Penn Virginia announce deadline for merger election »

Denbury Resources (DNR)…

DNR

Denbury Resources

$1.85

0.15 (8.82%)

PVAC

Penn Virginia

$53.97

1.13 (2.14%)

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

See Street Research during your Free Trial

  • 17

    Apr

  • 17

    Apr

  • 07

    May

FLWS

1-800-Flowers.com

$17.95

-0.09 (-0.50%)

06:34
03/19/19
03/19
06:34
03/19/19
06:34
Upgrade
1-800-Flowers.com rating change  »

1-800-Flowers.com…

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

See Street Research during your Free Trial

  • 22

    Mar

  • 28

    Mar

TRPX

Therapix Biosciences

$4.55

0.02 (0.44%)

06:34
03/19/19
03/19
06:34
03/19/19
06:34
Hot Stocks
Therapix Biosciences appoints Ambassador Ron Prosor as advisor »

Therapix Biosciences…

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

See Street Research during your Free Trial

BVN

Buenaventura

$16.76

-0.38 (-2.22%)

06:33
03/19/19
03/19
06:33
03/19/19
06:33
Recommendations
Buenaventura analyst commentary  »

Buenaventura price target…

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

See Street Research during your Free Trial

  • 01

    May

EBS

Emergent BioSolutions

$49.51

-0.43 (-0.86%)

06:31
03/19/19
03/19
06:31
03/19/19
06:31
Hot Stocks
Emergent BioSolutions begins Phase 3 trial to evaluate AV7909 »

Emergent BioSolutions…

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

See Street Research during your Free Trial

CTRE

CareTrust REIT

$23.38

-0.49 (-2.05%)

06:31
03/19/19
03/19
06:31
03/19/19
06:31
Hot Stocks
CareTrust REIT increases quarterly dividend 9.8% to 22.5c per share »

CareTrust REIT announced…

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

See Street Research during your Free Trial

HNHPF

Hon Hai Precision

$0.00

(0.00%)

, AAPL

Apple

$188.03

1.83 (0.98%)

06:31
03/19/19
03/19
06:31
03/19/19
06:31
Periodicals
Foxconn aims to finish Wisconsin LCD plant by end of 2020, Reuters says »

Foxconn (HNHPF) has…

HNHPF

Hon Hai Precision

$0.00

(0.00%)

AAPL

Apple

$188.03

1.83 (0.98%)

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

See Street Research during your Free Trial

GM

General Motors

$37.99

-0.095 (-0.25%)

, LYFT

Lyft

$0.00

(0.00%)

06:31
03/19/19
03/19
06:31
03/19/19
06:31
Periodicals
General Motors mulls options for Lyft stake after IPO, Reuters reports »

General Motors' (GM)…

GM

General Motors

$37.99

-0.095 (-0.25%)

LYFT

Lyft

$0.00

(0.00%)

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

See Street Research during your Free Trial

  • 27

    Mar

  • 30

    Apr

  • 29

    Mar

IMGN

ImmunoGen

$2.59

-0.07 (-2.63%)

, JAZZ

Jazz Pharmaceuticals

$134.45

-2.29 (-1.67%)

06:30
03/19/19
03/19
06:30
03/19/19
06:30
Downgrade
ImmunoGen, Jazz Pharmaceuticals rating change  »

JPMorgan downgrades…

IMGN

ImmunoGen

$2.59

-0.07 (-2.63%)

JAZZ

Jazz Pharmaceuticals

$134.45

-2.29 (-1.67%)

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

See Street Research during your Free Trial

  • 20

    Mar

SBUX

Starbucks

$70.84

0.17 (0.24%)

06:27
03/19/19
03/19
06:27
03/19/19
06:27
Hot Stocks
Starbucks announces enhancements to Starbucks Rewards loyalty program »

Starbucks announced a…

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

See Street Research during your Free Trial

  • 20

    Mar

DPZ

Domino's Pizza

$243.35

-0.895 (-0.37%)

, YUM

Yum! Brands

$100.25

-0.62 (-0.61%)

06:25
03/19/19
03/19
06:25
03/19/19
06:25
Recommendations
Domino's Pizza, Yum! Brands analyst commentary  »

JPMorgan upgrades…

DPZ

Domino's Pizza

$243.35

-0.895 (-0.37%)

YUM

Yum! Brands

$100.25

-0.62 (-0.61%)

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

See Street Research during your Free Trial

  • 24

    Apr

  • 01

    May

BCOR

Blucora

$28.33

-0.02 (-0.07%)

06:24
03/19/19
03/19
06:24
03/19/19
06:24
Earnings
Blucora raises Q1 EPS view to $1.41-$1.49 from $1.19-$1.26, consensus $1.25 »

Raises Q1 revenue view to…

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

See Street Research during your Free Trial

CAR

Avis Budget

$35.15

0.32 (0.92%)

06:22
03/19/19
03/19
06:22
03/19/19
06:22
Conference/Events
Avis Budget management to meet with Northcoast »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 20

    Mar

  • 21

    Mar

FIS

FIS

$108.14

-0.73 (-0.67%)

06:22
03/19/19
03/19
06:22
03/19/19
06:22
Downgrade
FIS rating change  »

FIS downgraded to Hold…

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

See Street Research during your Free Trial

  • 19

    Mar

  • 26

    Mar

  • 27

    Mar

  • 28

    Mar

BLD

TopBuild

$63.98

0.17 (0.27%)

06:22
03/19/19
03/19
06:22
03/19/19
06:22
Downgrade
TopBuild rating change  »

TopBuild downgraded to…

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

See Street Research during your Free Trial

  • 29

    Apr

F

Ford

$8.57

0.14 (1.66%)

06:21
03/19/19
03/19
06:21
03/19/19
06:21
Periodicals
Ford to increase production rate for U.S. large SUVs, Reuters reports »

Ford's Kentucky…

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

See Street Research during your Free Trial

  • 25

    Apr

  • 24

    Jul

  • 23

    Oct

ARQL

ArQule

$4.79

0.095 (2.03%)

06:20
03/19/19
03/19
06:20
03/19/19
06:20
Conference/Events
ArQule management to meet with SVB Leerink »

Meeting to be held in Los…

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

See Street Research during your Free Trial

  • 19

    Mar

  • 20

    Mar

DB

Deutsche Bank

$9.26

0.375 (4.22%)

06:19
03/19/19
03/19
06:19
03/19/19
06:19
Periodicals
Deutsche Bank loaned over $2B to Trump over two decades, NYT reports »

Before becoming U.S.…

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

See Street Research during your Free Trial

AFMD

Affimed N.V.

$3.92

-0.08 (-2.00%)

, RHHBY

Roche

$0.00

(0.00%)

06:18
03/19/19
03/19
06:18
03/19/19
06:18
Hot Stocks
Affimed to receive milestone payment under collaboration with Genentech »

Affimed (AFMD) announced…

AFMD

Affimed N.V.

$3.92

-0.08 (-2.00%)

RHHBY

Roche

$0.00

(0.00%)

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

See Street Research during your Free Trial

  • 04

    Apr

  • 17

    Apr

  • 19

    Aug

  • 04

    Nov

WTR

Aqua America

$35.97

0.02 (0.06%)

06:18
03/19/19
03/19
06:18
03/19/19
06:18
Upgrade
Aqua America rating change  »

Aqua America upgraded to…

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

See Street Research during your Free Trial

AMZN

Amazon.com

$1,742.00

29.29 (1.71%)

06:18
03/19/19
03/19
06:18
03/19/19
06:18
Conference/Events
Amazon.com management to meet with Wolfe Research »

Wolfe Research Senior…

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

See Street Research during your Free Trial

  • 20

    Mar

  • 26

    Mar

  • 04

    Apr

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.