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CBS

CBS

$48.09

-0.14 (-0.29%)

, VIA

Viacom

$34.74

0.595 (1.74%)

14:53
03/15/19
03/15
14:53
03/15/19
14:53

CBS board agrees to pay $1.25M to resolve Redstone suit, Bloomberg reports

CBS (CBS) directors have agreed to pay $1.25M to resolve claims that they improperly awarded Sumner Redstone millions in compensation after he became incapacitated five years ago, Bloomberg's Jef Feeley reports. Board directors of the company agreed to settle the investors' lawsuit, Feeley says, citing a March 14 filing in a Delaware state court. The Fly notes that Sumner Redstone is chairman emeritus of CBS and Viacom (VIAB). Reference Link

CBS

CBS

$48.09

-0.14 (-0.29%)

VIA

Viacom

$34.74

0.595 (1.74%)

VIAB

Viacom

$28.30

-0.22 (-0.77%)

  • 18

    Mar

  • 02

    May

  • 06

    Jun

CBS CBS
$48.09

-0.14 (-0.29%)

02/15/19
BNCH
02/15/19
NO CHANGE
Target $71
BNCH
Buy
Benchmark says CBS investments paying off, though in 'non-traditional ways'
Benchmark analyst Daniel Kurnos said CBS reported "soft" Q4 results, as expected, noting that a lack of licensing deals overshadowed a relatively healthy underlying advertising market. CBS made a "bold call" for 25M All Access and Showtime subs by 2022, versus consensus at 13M, noted Kurnos, who thinks the company's content investments are paying off in "non-traditional ways." Kurnos keeps a Buy rating and $71 price target on CBS shares, adding that he continues to view the stock as one of his best value media ideas.
02/13/19
BNCH
02/13/19
NO CHANGE
Target $71
BNCH
Buy
CBS price target lowered to $71 ahead of earnings at Benchmark
Benchmark analyst Daniel Kurnos lowered his price target on CBS shares to $71 from $90 ahead of the company's Q4 report, due tomorrow, stating that a "soft quarter...seems largely expected at this point" given a lack of apparent progress in monetizing its content library. Despite further signs of domestic syndication market maturation, he believes CBS will be able to strike several deals this year, Kurnos tells investors, adding that he thinks other drivers have the company well positioned over the medium term even assuming just a modest level of licensing success. Kurnos keeps a Buy rating on CBS shares.
02/11/19
ATLE
02/11/19
DOWNGRADE
ATLE
Neutral
CBS downgraded to Neutral from Overweight at Atlantic Equities
01/23/19
NEED
01/23/19
NO CHANGE
Target $60
NEED
Buy
CBS price target lowered to $60 from $70 at Needham
Needham analyst Laura Martin lowered her price target on CBS to $60 and also lowered her FY19 EPS outlook by 2% to $5.72 based on her reduced expectations for local TV ad growth and higher investment estimates for streaming services. Longer term, the analyst keeps her Buy rating on CBS, noting that its "strong ROIC focus, best-in-class programming track record, spin-off of CBS Radio, operating leverage, OTT upside, and shrinking share count offer shareholders multiple potential paths to share price appreciation".
VIA Viacom
$34.74

0.595 (1.74%)

03/13/19
03/13/19
DOWNGRADE
Target $66

Neutral
Roku downgraded to Neutral after 160% rally off lows at Macquarie
As previously reported, Macquarie analyst Tim Nollen downgraded Roku to Neutral from Outperform following a 162% rise in the stock from its lows since Christmas. He sees the stock's current valuation as full given the rising competition in the ad-supported video on-demand, or AVOD, area from services such as Viacom's (VIAB) Pluto TV, Amazon's (AMZN) ad-supported channels and a potential service expected to be announced by Apple (AAPL) on March 25. Nollen raised his price target on Roku shares to $66 from $57.
02/05/19
IMPC
02/05/19
NO CHANGE
IMPC
Imperial Capital raises FY19 estimates on Viacom after Q1 beat
Imperial Capital analyst Megan Barnett maintained an Outperform rating and $37 price target on Viacom shares, after Viacom beat the firm's and consensus estimates when it reported Q1 results. Barnett raised her FY19 EPS estimate for Viacom to $1.12 from $1.02 due to the company's Q1results.
01/24/19
SOCG
01/24/19
DOWNGRADE
SOCG
Hold
Viacom downgraded to Hold from Buy at Societe Generale
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
$28.30

-0.22 (-0.77%)

02/06/19
BRRR
02/06/19
NO CHANGE
Target $35
BRRR
Outperform
Barrington expects Pluto TV to accelerate momentum in key Viacom demographics
Barrington analyst James Goss kept his Outperform rating and $35 price target on Viacom with a positive view of its Pluto TV platform as a component of its direct-to-consumer strategy. The analyst sees the services as an "important link for Viacom in accessing its young target demo" in a form factor "attractive to the user base". While not expected to make a meaningful impact on Q2, Goss adds that Pluto TV offers the "ability to distribute and monetize the cable network group's significant IP portfolio".

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$16.06

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FSM

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$3.12

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GCAP

Gain Capital

$4.70

0.67 (16.63%)

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  • 25

    Jul

APRN

Blue Apron

$11.04

3.39 (44.31%)

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  • 06

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PAAS

Pan American Silver

$13.84

0.66 (5.01%)

11:45
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  • 08

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KMT

Kennametal

$35.00

0.205 (0.59%)

, CGNX

Cognex

$42.63

0.13 (0.31%)

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On The Fly
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$35.00

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PH

Parker-Hannifin

$171.02

3.34 (1.99%)

TKR

Timken

$48.49

0.8 (1.68%)

HD

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$218.00

-0.71 (-0.32%)

FDS

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$283.55

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LH

LabCorp

$174.89

0.345 (0.20%)

MU

Micron

$43.47

-0.94 (-2.12%)

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GCAP

Gain Capital

$4.82

0.79 (19.60%)

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  • 25

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QEP

QEP Resources

$6.64

-0.12 (-1.78%)

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BZUN

Baozun

$55.60

2.08 (3.89%)

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PANW

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$220.95

1.53 (0.70%)

, FEYE

FireEye

$15.41

0.08 (0.52%)

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$15.41

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$58.11

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$0.00

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$174.38

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$101.03

-0.52 (-0.51%)

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UNTY

Unity Bancorp

$21.10

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GOOG

Alphabet

$1,157.00

6.61 (0.57%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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NASDAQ market internals summary »

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$NYE

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$0.00

(0.00%)

11:16
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11:14
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