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VZ

Verizon

$53.56

-0.22 (-0.41%)

, DRI

Darden

$109.56

0.37 (0.34%)

07:07
02/08/19
02/08
07:07
02/08/19
07:07

Verizon chairman Lowell McAdam to retire, CEO Hans Vestberg to succeed

The board of Verizon has elected CEO Hans Vestberg as chairman, effective March 8. Lowell McAdam is retiring as Verizon's chairman on that date and will remain on the board until the company's annual meeting of shareholders on May 2. In addition, the board elected Clarence Otis as lead director, effective March 8. Otis will succeed Frances Keeth, who is retiring from the board in May in accordance with the board's mandatory retirement policy. Otis has served on Verizon's board since 2006. He is the former chairman and CEO of Darden (DRI). Vestberg has been CEO since August 1, 2018, with responsibility for all business operations at Verizon, including the strategic direction of the company. He has served on Verizon's board since June 2018. Another Verizon board member, Richard Carrion, has informed the company that he will not stand for re-election when his term expires at the company's annual meeting. He has served on the board since Verizon's founding in 2000 and before that was on the board of predecessor companies. Verizon currently has 12 Board members.

VZ

Verizon

$53.56

-0.22 (-0.41%)

DRI

Darden

$109.56

0.37 (0.34%)

  • 25

    Feb

  • 03

    Mar

  • 03

    Mar

VZ Verizon
$53.56

-0.22 (-0.41%)

01/14/19
GSCO
01/14/19
DOWNGRADE
Target $110
GSCO
Neutral
Crown Castle downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Brett Feldman downgraded Crown Castle (CCI) to Neutral and lowered his price target for the shares to $110 from $116. The analyst believes tower stocks are appropriately priced given his expectations for growth in 2019. "Near-peak growth expectations" are priced in at current share levels, Feldman tells investors in a research note. The analyst also laid his top picks in Americas Telecom Services. His favorite defensive stock is Verizon (VZ), his favorite value stock is Altice USA (ATUS), his most catalyst driven idea is Zayo Group (ZAYO) and his top data center operator is Equinix (EQIX).
01/23/19
MKMP
01/23/19
NO CHANGE
Target $7.5
MKMP
Buy
Nokia Q4 earnings should be solid, says MKM Partners
MKM Partners analyst Michael Genovese kept his Buy rating and $7.50 price target on Nokia (NOK) ahead of its Q4 results, saying that earnings should be solid with evidence of 5G contribution, even though the outlook on its potential "won't settle the debate". The analyst notes that T-Mobile's (TMUS) 5G network build demand should also yield a good Q1 outlook with added contribution coming from the accelerated 5G plans from KT (KT) and SK Telecom in South Korea. Genovese adds that the 5G debate centers around investment plans by AT&T (T) and Verizon (VZ), but his checks indicate that the former has not made any final decisions on the timing.
01/25/19
HSBC
01/25/19
DOWNGRADE
Target $24
HSBC
Reduce
Dish downgraded to Reduce from Hold at HSBC
HSBC analyst Sunil Rajgopal downgraded Dish (DISH) to Reduce from Hold and cut his price target on the shares to $24 from $38, advocating that investors choose "sturdy carriers" such as Verizon (VZ), T-Mobile (TMUS), AT&T (T) and Comcast (CMCSA). For 2019, Rajgopal expects more fragmentation in the content/pay-TV business as more players enter the OTT content market and he expects the pay TV base to shrink further.
01/29/19
01/29/19
DOWNGRADE

Hold
Adtran downgraded to Hold at Needham on margin pressure
As previously reported, Needham analyst Richard Valera downgraded Adtran to Hold from Buy, saying that while the company posted solid Q4 results, the quarter was aided "by the re- emergence of Telmex" and warns that its shift toward international business will results in "structurally lower margins" and limited earnings power. The analyst further notes that he had previously anticipated AT&T (T) and Verizon (VZ) deals as "potentially significant" North America revenue opportunities, but now sees "little confidence either of these programs will ramp substantially over the near to medium term." Valera adds that the recent bounce in Adtran stock has taken its price to within 10% of his prior target, justifying a neutral stance.
DRI Darden
$109.56

0.37 (0.34%)

01/11/19
BOFA
01/11/19
UPGRADE
Target $120
BOFA
Buy
Darden upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Gregory Francfort upgraded Daren to Buy and raised its price target to $120 from $113 saying the company is well positioned to continue to leverage its size and brand strength. Francfort believes Darden's data analytics and customer insights positions the company for an industry shift towards scale going forward. Darden has fared better with margin pressure than peers due to G&A leverage, operating efficiencies at the store level, and by avoiding incremental order delivery cost pressures, the analyst wrote in a note to investors.
01/17/19
LOOP
01/17/19
NO CHANGE
Target $130
LOOP
Buy
Darden can gain market share from superior operations, says Loop Capital
Loop Capital analyst Lynne Collier kept her Buy rating and $130 price target on Darden, saying she remains "constructive" on the stock after the company's presentation at ICR conference. The analyst notes that CEO Gene Lee "expressed an upbeat tone around the consumer given favorable economic trends such as strong employment and wage growth". Collier is also positive on Darden's best-in-class position among the casual diners to "continue to gain market share given the company's superior operations, economies of scale and attractive price/value across all brands."
01/31/19
WEDB
01/31/19
INITIATION
Target $110
WEDB
Neutral
Darden initiated with a Neutral at Wedbush
Wedbush started Darden Restaurants with a Neutral rating and $110 price target. The firm cites valuation for its Neutral rating.
02/01/19
WEDB
02/01/19
INITIATION
Target $110
WEDB
Neutral
Darden initiated with a Neutral at Wedbush
As previously reported, Wedbush analyst Nick Setyan initiated Darden Restaurants with a Neutral rating and $110 price target, telling investors in a research note that he believes Darden's current premium to peers appropriately reflects healthy near-term comp trends and a relatively high degree of visibility into management's ability to achieve long-term targets.

TODAY'S FREE FLY STORIES

BAC

Bank of America

$28.99

-0.23 (-0.79%)

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USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

06:51
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BAC

Bank of America

$28.99

-0.23 (-0.79%)

06:51
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Hot Stocks
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BAC

Bank of America

$28.99

-0.23 (-0.79%)

06:50
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MSI

Motorola Solutions

$171.51

-1.28 (-0.74%)

06:49
07/17/19
07/17
06:49
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06:49
Downgrade
Motorola Solutions rating change  »

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CVRS

Corindus

$2.65

-0.165 (-5.86%)

06:49
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ACRGF

Acreage Holdings

$0.00

(0.00%)

, CGC

Canopy Growth

$35.56

0.405 (1.15%)

06:48
07/17/19
07/17
06:48
07/17/19
06:48
Initiation
Acreage Holdings, Canopy Growth initiated  »

Acreage Holdings…

ACRGF

Acreage Holdings

$0.00

(0.00%)

CGC

Canopy Growth

$35.56

0.405 (1.15%)

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  • 18

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MRK

Merck

$81.57

0.62 (0.77%)

06:48
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06:48
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Merck's Recabrio approved by FDA for urinary and abdominal infections »

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BAC

Bank of America

$28.99

-0.23 (-0.79%)

06:48
07/17/19
07/17
06:48
07/17/19
06:48
Earnings
Bank of America reports Q2 EPS 74c, consensus 71c »

Reports Q2 revenue $23.1B…

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INO

Inovio

$3.00

0.05 (1.69%)

06:47
07/17/19
07/17
06:47
07/17/19
06:47
Conference/Events
Inovio to host corporate strategy update conference call »

Conference call will be…

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  • 17

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USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

06:47
07/17/19
07/17
06:47
07/17/19
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Earnings
Breaking Earnings news story on U.S. Bancorp »

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  • 17

    Jul

DGX

Quest Diagnostics

$101.46

0.32 (0.32%)

06:46
07/17/19
07/17
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06:46
Hot Stocks
Quest Diagnostics enters partnership with Catholic Health Services »

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  • 23

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TLRY

Tilray

$44.35

0.15 (0.34%)

06:45
07/17/19
07/17
06:45
07/17/19
06:45
Initiation
Tilray initiated  »

Tilray initiated with a…

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06:45
07/17/19
07/17
06:45
07/17/19
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General news
Breaking General news story  »

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ACB

Aurora Cannabis

$7.16

0.16 (2.29%)

06:44
07/17/19
07/17
06:44
07/17/19
06:44
Initiation
Aurora Cannabis initiated  »

Aurora Cannabis initiated…

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  • 19

    Sep

PNC

PNC Financial

$138.66

-1.52 (-1.08%)

06:43
07/17/19
07/17
06:43
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06:43
Earnings
PNC Financial reports Q2 EPS $2.88, consensus $2.82 »

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OMC

Omnicom

$84.08

0.065 (0.08%)

06:43
07/17/19
07/17
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Earnings
Omnicom reports Q2 EPS $1.68, consensus $1.61 »

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  • 17

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CGC

Canopy Growth

$35.56

0.405 (1.15%)

06:42
07/17/19
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06:42
Initiation
Canopy Growth initiated  »

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  • 18

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FULT

Fulton Financial

$16.31

0.11 (0.68%)

06:37
07/17/19
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06:37
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Fulton Financial sees NIM up 2-5bps per quarter in 2019 »

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TXT

Textron

$54.02

0.59 (1.10%)

06:36
07/17/19
07/17
06:36
07/17/19
06:36
Hot Stocks
Breaking Hot Stocks news story on Textron »

Textron reports Q2…

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  • 17

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AL

Air Lease

$42.15

0.77 (1.86%)

06:35
07/17/19
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06:35
Hot Stocks
Air Lease announces long-term lease placement of two Airbus aircraft in VIetnam »

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BK

BNY Mellon

$43.13

-0.02 (-0.05%)

06:35
07/17/19
07/17
06:35
07/17/19
06:35
Earnings
BNY Mellon reports Q2 EPS $1.01, consensus 95c »

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  • 17

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TXT

Textron

$54.02

0.59 (1.10%)

06:34
07/17/19
07/17
06:34
07/17/19
06:34
Hot Stocks
Textron CEO says 'we continued to have solid margin performance' »

"Operationally, we…

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TXT

Textron

$54.02

0.59 (1.10%)

06:32
07/17/19
07/17
06:32
07/17/19
06:32
Earnings
Textron raises FY19 EPS view to $3.65-$3.85 from $3.55-$3.75, consensus $3.70 »

Textron reiterated its…

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MRVL

Marvell

$25.73

-0.26 (-1.00%)

06:32
07/17/19
07/17
06:32
07/17/19
06:32
Recommendations
Marvell analyst commentary  »

Marvell price target…

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