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MDP

Meredith

$53.38

0.92 (1.75%)

07:51
02/12/19
02/12
07:51
02/12/19
07:51

Meredith ad trends improving despite 'extremely messy numbers,' says Benchmark

Benchmark analyst Daniel Kurnos said Meredith reported "extremely messy numbers" and mixed Q2 results, but the two most important takeaways for him from the company's report were that National Media Group advertising improved to a down mid-single digit pace and the FY20 EBITDA goal of $1B could take up to an additional 12 months to achieve, "to no one's surprise." While he believes the "numerical messiness could continue to keep shares from breaking out," expectations remain very muted for Meredith, said Kurnos, who keeps a Buy rating on the stock.

MDP Meredith
$53.38

0.92 (1.75%)

09/11/18
SBSH
09/11/18
NO CHANGE
Target $61
SBSH
Buy
Meredith shares could reach $99 if EBITDA target is hit, says Citi
Citi analyst Jason Bazinet raised his price target for Meredith shares to $61 from $56 and keeps a Buy rating on the name. Management continues to expect $1B in EBITDA in fiscal 2020, but most investors do not believe this can be achieved, Bazinet tells investors in a research note titled "You Don't Need to Believe in $1B of FY20 EBITDA to be Bullish." Short interest in the name is near record levels and sell-side consensus expectations call for just $746M of fiscal 2020 EBITDA, the analyst points out. Bazinet "only" expects $777M in in 2020 EBITDA. However, the analyst believes that even with his "more muted" EBITDA estimates, Meredith's equity could reach $61 per share. And, if Meredith achieves its $1B target, the equity could reach $99 per share, Bazinet writes. The stock closed yesterday up 50c to $51.40.
12/07/18
WOLF
12/07/18
INITIATION
Target $67
WOLF
Peer Perform
Meredith initiated with a Peer Perform at Wolfe Research
Wolfe Research initiated Meredith with a Peer Perform and $67 price target.
12/17/18
BNCH
12/17/18
NO CHANGE
Target $70
BNCH
Buy
Meredith on track to meet 2019 and 2020 goals, says Benchmark
Benchmark analyst Daniel Kurnos said Meredith's 2019 and 2020 financial goals continue to be met with significant investor skepticism, but he believes the company is on track to meet both. The balance sheet continues to improve and synergies are likely ahead of schedule and expectations, added Kurnos, who reiterates a Buy rating and $70 price target on Meredith shares.
01/03/19
BNCH
01/03/19
NO CHANGE
BNCH
Activision, Canopy Growth among Best Ideas for first half of 2019 at Benchmark
Benchmark analysts selected their Best Ideas for the first half of 2019, naming 16 stocks, including: Activision Blizzard (ATVI), BioTelemetry (BEAT), Biofrontera (BFRA), Ctrip (CTRP), Huazhu Group (HTHT), II-VI (IIVI), Intevac (IVAC), LHC Group (LHCG), Meredith (MDP), Marvell (MRVL), NeoGenomics (NEO), Pegasystems (PEGA), Silicon Labs (SLAB), Varonis (VRNS), Canopy Growth (CGC) and Waitr Holdings (WTRH).

TODAY'S FREE FLY STORIES

ALXN

Alexion

$127.56

-2.17 (-1.67%)

07:12
02/22/19
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07:12
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Alexion initiated  »

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MCRB

Seres Therapeutics

$5.83

-0.07 (-1.19%)

07:11
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Initiation
Seres Therapeutics initiated  »

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TREE

LendingTree

$310.22

-4.78 (-1.52%)

07:11
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LendingTree analyst commentary  »

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ANAB

AnaptysBio

$64.87

-0.12 (-0.18%)

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UAL

United Continental

$88.80

0.35 (0.40%)

07:10
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07:10
Hot Stocks
United Airlines names Robert Rivkin as SVP and General Counsel »

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RUTH

Ruth's Hospitality

$25.01

0.35 (1.42%)

07:09
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Hot Stocks
Ruth's Hospitality raises quarterly dividend to 13c per share »

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  • 22

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MYGN

Myriad Genetics

$31.73

-0.19 (-0.60%)

07:09
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Myriad Genetics announces Vectra study data published »

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INTU

Intuit

$234.85

-1.06 (-0.45%)

07:09
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02/22
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07:09
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Intuit analyst commentary  »

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  • 25

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FAMI

Farmmi

$3.07

-0.04 (-1.29%)

07:09
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Farmmi, Fenghengda Food enter cooperation agreement »

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TYL

Tyler Technologies

$208.83

-4.36 (-2.05%)

07:09
02/22/19
02/22
07:09
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07:09
Downgrade
Tyler Technologies rating change  »

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TROX

Tronox

$11.35

(0.00%)

07:08
02/22/19
02/22
07:08
02/22/19
07:08
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Tronox analyst commentary  »

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  • 28

    Feb

LX

LexinFintech

$10.32

0.03 (0.29%)

07:08
02/22/19
02/22
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07:08
Hot Stocks
LexinFintech names Shirley Yang as Chief Human Resources Officer »

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W

Wayfair

$117.14

-0.87 (-0.74%)

07:08
02/22/19
02/22
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07:08
Hot Stocks
Wayfair reports 15.2M active customers, up 37.9% year-over-year »

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CRM

Salesforce

$159.66

1.12 (0.71%)

07:08
02/22/19
02/22
07:08
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07:08
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Salesforce analyst commentary  »

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RUTH

Ruth's Hospitality

$25.01

0.35 (1.42%)

07:07
02/22/19
02/22
07:07
02/22/19
07:07
Earnings
Ruth's Hospitality reports Q4 EPS ex-items 50c, consensus 49c »

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  • 22

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SRE

Sempra Energy

$117.67

0.5 (0.43%)

07:06
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Hot Stocks
Sempra Energy raises annual dividend 8.1% to $3.87 per share »

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W

Wayfair

$117.14

-0.87 (-0.74%)

07:05
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Earnings
Wayfair reports Q4 adjusted EPS ($1.12), consensus (1.28) »

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FIVE

Five Below

$129.64

-1.05 (-0.80%)

07:05
02/22/19
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07:05
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Five Below rating change  »

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AN

AutoNation

$38.37

-0.76 (-1.94%)

07:04
02/22/19
02/22
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07:04
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AutoNation reports Q4 same-store revenue $5.3B vs. $5.5B a year ago »

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SPY

SPDR S&P 500 ETF Trust

$277.43

-0.99 (-0.36%)

, SPX

S&P 500

$0.00

(0.00%)

07:04
02/22/19
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07:04
Periodicals
U.S pinning trade hopes on China's special envoy Liu He, WSJ says »

As the March 1 trade…

SPY

SPDR S&P 500 ETF Trust

$277.43

-0.99 (-0.36%)

SPX

S&P 500

$0.00

(0.00%)

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AN

AutoNation

$38.37

-0.76 (-1.94%)

07:03
02/22/19
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07:03
Hot Stocks
AutoNation announces regional restructuring and cost savings plan »

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SBAC

SBA Communications

$182.45

-0.57 (-0.31%)

07:03
02/22/19
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07:03
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07:03
Downgrade
SBA Communications rating change  »

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AN

AutoNation

$38.37

-0.76 (-1.94%)

07:02
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07:02
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07:02
Hot Stocks
AutoNation names Carl Liebert as new CEO and President »

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  • 22

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EADSY

Airbus

$0.00

(0.00%)

, BA

Boeing

$417.48

-4.13 (-0.98%)

07:02
02/22/19
02/22
07:02
02/22/19
07:02
Periodicals
Airbus pushes Indian budget carriers towards widebody operations, Reuters says »

Airbus (EADSY) has been…

EADSY

Airbus

$0.00

(0.00%)

BA

Boeing

$417.48

-4.13 (-0.98%)

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AN

AutoNation

$38.37

-0.76 (-1.94%)

07:01
02/22/19
02/22
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07:01
Hot Stocks
Breaking Hot Stocks news story on AutoNation »

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  • 22

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