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FB

Facebook

$163.72

3.26 (2.03%)

11:37
03/19/19
03/19
11:37
03/19/19
11:37

Trump tweets he will be 'looking into' claims of Facebook bias

President Donald Trump tweeted "I will be looking into this! #StopTheBias" in response to a tweet from Paul Bedard that said in part "Facebook blocks @realDonaldTrump 's social media chief" Reference Link

  • 27

    Mar

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    Apr

FB Facebook
$163.72

3.26 (2.03%)

03/18/19
03/18/19
DOWNGRADE

Hold
Needham downgrades Facebook to Hold on strategy pivot, regulatory risks
As previously reported, Needham analyst Laura Martin downgraded Facebook to Hold from Buy citing three factors that she sees creating a "negative network effect," namely its strategic pivot toward privacy and encrypted messages, the growing risks of regulation and "horrific" events like those recently in New Zealand that hurt Facebook's brand and are difficult to block from the service at a 100% level. She is concerned that strategic pivot, regulatory and headline risks will negatively impact Facebook's valuation more than investors currently believe due to the negative flywheel effect of these factors influencing the exit of more executives, Martin tells investors. Since she believes people are a key competitive advantage of "FAANG" companies, Martin is concerned about accelerating value destruction until senior executive turnover ends, she noted in her downgrade.
03/18/19
BOFA
03/18/19
NO CHANGE
Target $187
BOFA
Buy
Facebook price target lowered to $187 from $205 at BofA/Merrill
BofA/Merrill analyst Justin Post lowered his price target on Facebook to $187, saying the company is faced with more "uncertainty" after its CEO Mark Zuckerberg disclosed a vision that is more sensitive to investors' privacy concerns. The analyst questions whether the subsequent departures of Facebook's Chief Product Officer Chris Cox and the head of WhatsApp development Chris Daniels were related to the management's evolving vision, adding that the company's 3-year growth trajectory may be altered by its "more privacy centric platform". Post also keeps his Buy rating on Facebook.
03/18/19
03/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Hold from Buy at Needham with analyst Laura Martin citing three factors that she sees creating a "negative network effect," namely its strategic pivot toward privacy and encrypted messages, the growing risks of regulation and "horrific" events like those recently in New Zealand that hurt Facebook's brand and are difficult to block from the service at a 100% level. 2. Quest Diagnostics (DGX) downgraded to Neutral from Outperform at Credit Suisse. 3. Aramark (ARMK) downgraded to Neutral from Buy at Nomura Instinet with analyst Dan Dolev saying while the company's "significant scale" in North America should drive consistent 5%-plus organic growth, "execution mishaps and inability to win sufficient new business" resulted in just 2%-3% organic growth versus 7%-8% for main competitor Compass. 4. BioScrip (BIOS) downgraded to Equal Weight from Overweight at Stephens with analyst Dana Hambly saying the company "surprised the market" by announcing a merger with Option Care. 5. PVH Corp. (PVH) assumed with a Neutral from Buy at Citi with analyst Paul Lejuez saying while PVH has two brands with good global growth potential in Tommy Hilfiger and Calvin Klein, the company overall is still heavily dependent on the North America wholesale and outlet channels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/19/19
RBCM
03/19/19
NO CHANGE
RBCM
Outperform
Shopify could lose some future payments volume to Instagram, says RBC Capital
After Facebook's (FB) Instagram announced in a blog post that it is adding in-app checkout, RBC Capital analyst Ross MacMillan explained that he views the risk to Shopify (SHOP) being that native Instagram Checkout could take some gross payments volume share in the future, some of which would have been Shopify's. As it stands today, merchants can link Instagram as a channel to their Shopify platform and transactions occur through the Shopify checkout, which would generate payments volume and revenue, assuming that merchant uses Shopify Payments, said MacMillan. However, he added that he thinks volumes from Instagram purchases are "very small" today. MacMillan has an Outperform rating on Shopify shares.

TODAY'S FREE FLY STORIES

PTON

Peloton

$23.44

-0.41 (-1.72%)

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OPRT

Oportun Financial

$15.89

-0.22 (-1.37%)

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UTI

Universal Technical

$5.35

0.12 (2.29%)

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Universal Technical CEO Kimberly McWaters to retire, Jerome Grant to succeed »

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CPE

Callon Petroleum

$3.83

-0.25 (-6.13%)

06:05
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Callon Petroleum sees Q3 production 37.5-37.9 Mboed »

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HPE

HP Enterprise

$15.36

0.16 (1.05%)

06:04
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HP Enterprise rating change  »

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AXNX

Axonics

$20.43

0.01 (0.05%)

06:04
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10/21
06:04
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06:04
Initiation
Axonics initiated  »

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  • 21

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RUHN

Ruhnn

$4.90

0.4 (8.89%)

, RDVT

Red Violet

$14.38

-0.09 (-0.62%)

06:03
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06:03
Hot Stocks
Ruhnn appoints Jacky Jinbo Wang as new CFO »

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RUHN

Ruhnn

$4.90

0.4 (8.89%)

RDVT

Red Violet

$14.38

-0.09 (-0.62%)

03/08/13
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UTHR

United Therapeutics

$82.12

0.51 (0.62%)

06:03
10/21/19
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06:03
Hot Stocks
United Therapeutics announces FDA approval of sNDA for Orenitram E-R Tablets »

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ADDYY

Adidas

$0.00

(0.00%)

06:02
10/21/19
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06:02
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06:02
Downgrade
Adidas rating change  »

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  • 29

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MTB

M&T Bank

$152.09

-0.01 (-0.01%)

06:01
10/21/19
10/21
06:01
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06:01
Downgrade
M&T Bank rating change  »

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WMT

Walmart

$119.15

-0.71 (-0.59%)

05:59
10/21/19
10/21
05:59
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05:59
Periodicals
Walmart's Flipkart to enter food retail business in India, TechCrunch reports »

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  • 13

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SPR

Spirit AeroSystems

$79.40

-3.49 (-4.21%)

, BA

Boeing

$344.09

-25.04 (-6.78%)

05:59
10/21/19
10/21
05:59
10/21/19
05:59
Downgrade
Spirit AeroSystems, Boeing rating change  »

Spirit AeroSystems…

SPR

Spirit AeroSystems

$79.40

-3.49 (-4.21%)

BA

Boeing

$344.09

-25.04 (-6.78%)

03/08/13
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  • 23

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REDU

Rise Education

$7.25

-0.09 (-1.23%)

05:58
10/21/19
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05:58
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05:58
Downgrade
Rise Education rating change  »

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BA

Boeing

$344.09

-25.04 (-6.78%)

05:55
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05:55
Downgrade
Boeing rating change  »

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  • 23

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TC

TuanChe

$2.58

(0.00%)

, BABA

Alibaba

$169.18

-7.665 (-4.33%)

05:54
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10/21
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05:54
Hot Stocks
TuanChe announces strategic partnership with Tmall Auto »

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TC

TuanChe

$2.58

(0.00%)

BABA

Alibaba

$169.18

-7.665 (-4.33%)

03/08/13
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  • 01

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ARPO

Aerpio Pharmaceuticals

$0.47

-0.0352 (-6.97%)

05:52
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Hot Stocks
Aerpio announces review of strategic alternatives, CEO, CFO step down »

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IBM

IBM

$134.10

-0.12 (-0.09%)

05:52
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05:52
Downgrade
IBM rating change  »

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  • 27

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TW

Tradeweb Markets

$41.50

-1.7 (-3.94%)

05:49
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  • 07

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SAP

SAP

$129.13

0.55 (0.43%)

05:49
10/21/19
10/21
05:49
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05:49
Earnings
SAP still expects to grow non-IFRS total revenue to over EUR 35B.6B by FY23 »

Over the period from FY18…

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  • 21

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PTON

Peloton

$23.44

-0.41 (-1.72%)

05:47
10/21/19
10/21
05:47
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05:47
Initiation
Peloton initiated  »

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BA

Boeing

$344.09

-25.04 (-6.78%)

05:46
10/21/19
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05:46
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05:46
Periodicals
Boeing survey showed workers felt pressure to approve systems, WSJ reports »

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  • 23

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SAP

SAP

$129.13

0.55 (0.43%)

05:45
10/21/19
10/21
05:45
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05:45
Earnings
SAP continues to expect FY20 non-IFRS total revenue EUR 28.6B-EUR 29.2B »

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  • 21

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  • 19

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SAP

SAP

$129.13

0.55 (0.43%)

05:41
10/21/19
10/21
05:41
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05:41
Earnings
SAP continues to expect FY19 revenue to 'increase strongly' »

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  • 21

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  • 19

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PBF

PBF Energy

$29.29

0.64 (2.23%)

05:39
10/21/19
10/21
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Upgrade
PBF Energy rating change  »

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  • 31

    Oct

SAP

SAP

$129.13

0.55 (0.43%)

05:38
10/21/19
10/21
05:38
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05:38
Earnings
SAP reports Q3 non-IFRS EPS EUR 1.30 vs. EUR 1.14 last year »

Reports Q3 revenue EUR…

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