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AAPL

Apple

$188.14

1.57 (0.84%)

, NWS

News Corp

$12.64

0.02 (0.16%)

17:50
03/20/19
03/20
17:50
03/20/19
17:50

Apple reaches deal with WSJ over Apple News service, 9to5Mac says

Apple (AAPL) has made a notable deal with The Wall Street Journal (NWSA) to join its Apple News subscription service, 9to5Mac reports, citing the New York Times. The tech giant is pitching its news subscription service as having the benefit of scale, as Apple News comes pre-installed on every iPhone and iPad, the report says. The Journal and Apple are expected to announced their pact during the iPhone maker's event on March 25th, the report notes. Other publishers, including the New York Times (NYT) and Washington Post, have opted out of joining Apple's service, the report notes. Reference Link

AAPL

Apple

$188.14

1.57 (0.84%)

NWS

News Corp

$12.64

0.02 (0.16%)

NWSA

News Corp.

$12.61

0.07 (0.56%)

NYT

New York Times

$33.36

-0.62 (-1.82%)

  • 25

    Mar

AAPL Apple
$188.14

1.57 (0.84%)

03/14/19
MSCO
03/14/19
NO CHANGE
Target $197
MSCO
Overweight
Morgan Stanley 'positively biased' on Apple's March quarter based on China signs
Morgan Stanley analyst Katy Huberty shared four reasons that she is "positively biased" on Apple's March quarter with two weeks to go: data showing that Apple gained share of the Chinese smartphone installed base year-over-year in January and February; the fact that February was the first month in half a year that her firm's Asia team didn't cut their iPhone builds forecast; the fact that this is the first time that her March and June quarter iPhone forecasts are actually below her Asia Hardware team's build forecast; and the fact that replacement cycles have converged with PCs. Huberty, who added that the XS Max is the most popular new iPhone model with users in China "contrary to expectations," keeps an Overweight rating and $197 price target on Apple shares.
03/14/19
03/14/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with an Outperform at Cowen. 2. Fluidigm (FLDM) initiated with a Buy at BTIG. 3. Kala Pharmaceuticals (KALA) initiated with a Buy at Jefferies. 4. PLx Pharma (PLXP) initiated with an Outperform at JMP Securities. 5. Walker & Dunlop (WD) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/15/19
CHLM
03/15/19
NO CHANGE
CHLM
Broadcom price target raised to $325 from $305 at Craig-Hallum
Craig-Hallum analyst Anthony Stoss reiterated a Buy rating on Broadcom and raised his price target on shares to $325 from $305, after the company reported Q1 earnings. The analyst believes Broadcom's reaffirmed FY19 guidance in conservative, and sees the free cash flow expansion "likely driving another dividend raise in December." Stoss did note, however, that Broadcom reported Q1 revenue results below Street estimates due to weakness at Apple (AAPL) and a slowdown in data center spending, although he believes the Apple weakness was "largely expected."
03/18/19
ADAM
03/18/19
NO CHANGE
Target $104
ADAM
Buy
Apple Heart Study 'portends positively' for iRhythm, says Canaccord
Data from the Apple (AAPL) Heart Study presented this weekend at the American College of Cardiology conference highlighted the growing overlap of consumer-tech and healthcare, Canaccord Genuity analyst Jason Mills tells investors in a research note. He thinks the study "portends positively" for Irhythm Technologies (IRTC), initially from the standpoint that consumer wearable-generated awareness around atrial fibrillation should fuel interest in continuous monitoring devices like the company's Zio. Theh analyst points out that the patch used in the Apple Study, ePatch, detected atrial fibrillation in only 34% of patients who received and returned a monitoring patch after the Apple Watch detected an irregular rhythm. This contrasts to a positive predictive value of 84% in patients wearing the patch and watch simultaneously, suggesting ePatch missed a diagnosis in ~50% of patients, says Mills. The analyst believes these results underscore the value of Zio's continuous extended wear period versus competitive platforms in detecting arrhythmias. Mills views the growing consumer wearable market as a potential market expander for Zio and keeps a Buy rating on iRhythm with a $104 price target. The stock in late morning trading is up 2%, or $1.85, to $92.29.
NWS News Corp
$12.64

0.02 (0.16%)

08/20/18
08/20/18
DOWNGRADE
Target $12.5

Underweight
News Corp. downgraded to Underweight on Foxtel OTT risks at Morgan Stanley
As previously reported, Morgan Stanley analyst Andrew McLeod downgraded News Corp. to Underweight from Equal Weight, noting that its Australian payTV unit, Foxtel, will launch a new OTT sports service by the end of 2018, which presents the "obvious risk" that its existing subscriber base and high ARPU will come under pressure. While McLeod believes it's a risk that should be taken because "history says that if Foxtel doesn't disrupt itself, someone else will," he also cut his estimates and value for the unit. McLeod lowered his price target on News Corp. shares to $12.50 from $17.00.
09/04/18
LOOP
09/04/18
UPGRADE
LOOP
Buy
News Corp. upgraded to Buy from Hold at Loop Capital
10/09/18
GSCO
10/09/18
UPGRADE
GSCO
Buy
News Corp. upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Kane Hannan upgraded News Corp. to Buy and raised his price target for the shares to A$24.40 from A$22.40. Two thirds of the analyst's News Corp. valuation now resides in Digital Real Estate, a sector that he is "extremely positive on given the large addressable markets and significant scope for digital disruption." Hannan believes the market is not adequately reflecting the full value of REA and Move in News Corp.'s shares.
NWSA News Corp.
$12.61

0.07 (0.56%)

10/08/18
LOOP
10/08/18
NO CHANGE
Target $17
LOOP
Buy
News Corp valuation is attractive, says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $17 price target on News Corp, saying his latest discussions with the management suggest the company intends to continue allocating resources to its "high-growth digital real estate business". The analyst also expects News Corp to reorganize or sell Foxtel for more than it is being valued and also look at ongoing consolidation opportunities in book publishing. With the stock tracing at 7-times his expected FY18 EBITDA implied by 20-times multiple of the digital real-estate business, Gould sees the rest of the company valued at just 2.0- to 2.5-times EBITDA and recommends that investors take advantage of the opportunity.
01/14/19
SBSH
01/14/19
UPGRADE
SBSH
Buy
News Corp. upgraded to Buy from Neutral at Citi
Citi analyst David Kaynes upgraded News Corp. to Buy while lowering his price target for the shares to A$20 from A$21.45. The recent share price declines in the traditional Australian media stocks have been excessive, Kaynes tells investors in a research note. The analyst now sees value in the sector and upgraded a handful of names.
01/17/19
UBSW
01/17/19
UPGRADE
UBSW
Buy
News Corp. upgraded to Buy from Neutral at UBS
NYT New York Times
$33.36

-0.62 (-1.82%)

11/06/18
LEHM
11/06/18
DOWNGRADE
Target $18
LEHM
Underweight
Barclays downgrades New York Times to Underweight on valuation
Barclays analyst Kannan Venkateshwar downgraded New York Times (NYT) to Underweight from Equal Weight and lowered his price target for the shares to $18 from $20. The stock is up 50% this year, right between Amazon's (AMZN) 40% rally and Netflix's (NFLX) 64%, Venkateshwar tells investors in a research note. New York Times investors appear to have transitioned to a valuation framework based on digital net adds rather than earnings, says the analyst. However, he believes this valuation transition "is too premature and could force suboptimal choices on management." Venkateshwar says the valuation is "ahead of the story."
11/06/18
11/06/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hormel Foods (HRL) downgraded to Sell on valuation, cautious outlook at Vertical Group with analyst Heather Jones citing valuation. 2. Valvoline (VVV) downgraded to Underperform from Buy at BofA/Merrill with analyst Olivia Tong citing the Q4 miss and guidance. 3. Gladstone Capital (GLAD) downgraded to Sell from Neutral at National Securities with the firm citing the $50M Notes offering and portfolio company bankruptcy. 4. Western Union (WU) downgraded to Market Perform from Outperform at Wells Fargo with analyst Timothy Willi saying he views the company's Q3 results as "mixed" and says he struggles to see the catalyst for acceleration in the fundamentals that will move the shares higher. 5. New York Times (NYT) downgraded to Underweight from Equal Weight at Barclays with analyst Kannan Venkateshwar citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/13/18
EVER
12/13/18
INITIATION
EVER
Outperform
New York Times initiated with an Outperform at Evercore ISI
12/14/18
12/14/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with an Outperform at Wedbush and a Hold at Deutsche Bank. 2. New York Times (NYT) initiated with an Outperform at Evercore ISI. 3. Ford (F) and General Motors (GM) were initiated with a Buy at Deutsche Bank, while Autoliv (ALV) was initiated with a Sell. 4. AstraZeneca (AZN) initiated with a Buy at SunTrust while GlaxoSmithKline (GSK) was initiated with a Hold. 5. DaVita (DVA) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

12:45
04/19/19
04/19
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12:45
General news
Breaking General news story  »

Week of 4/19 Baker-Hughes…

MMNFF

MedMen

$0.00

(0.00%)

11:13
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04/19
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11:13
Hot Stocks
MedMen announces resignations of COO and General Counsel »

MedMen Enterprises…

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TKC

Turkcell

$5.49

-0.175 (-3.09%)

11:08
04/19/19
04/19
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Hot Stocks
Turkcell sees conclusion of $4.2B lawsuit against MTN this year »

The following statement…

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FCCY

1st Constitution Bancorp

$18.07

-0.14 (-0.77%)

11:05
04/19/19
04/19
11:05
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11:05
Earnings
1st Constitution Bancorp reports Q1 EPS 39c, two estimates 36c »

Robert Mangano, President…

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QUMU

Qumu

$2.83

-0.035 (-1.22%)

11:03
04/19/19
04/19
11:03
04/19/19
11:03
Hot Stocks
Qumu announces death of director Thomas Madison »

Qumu Corporation…

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  • 01

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    May

FAT

Fat Brands

$5.15

0.065 (1.28%)

10:54
04/19/19
04/19
10:54
04/19/19
10:54
Hot Stocks
Fat Brands announces development of Fatburger concept in Albuquerque »

FAT Brands announced the…

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HRTG

Heritage Insurance

$14.32

0.25 (1.78%)

10:52
04/19/19
04/19
10:52
04/19/19
10:52
Hot Stocks
Heritage Insurance announces preliminary Q1 catastrophe losses of $15.4M »

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  • 01

    May

COTY

Coty

$11.27

0.02 (0.18%)

10:48
04/19/19
04/19
10:48
04/19/19
10:48
Hot Stocks
Coty notes extension of tender offer by affiliate of JAB Holding Company »

Coty notes the extension…

03/08/13
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03/06/13
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NTES

NetEase

$265.88

-2.34 (-0.87%)

10:45
04/19/19
04/19
10:45
04/19/19
10:45
Hot Stocks
NetEase announces music license agreement with Nippon Columbia »

NetEase Cloud Music…

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09:10
04/19/19
04/19
09:10
04/19/19
09:10
General news
Today's U.S. housing report revealed March declines »

Today's U.S. housing…

08:45
04/19/19
04/19
08:45
04/19/19
08:45
General news
U.S. housing starts fell 0.3% to 1.139 M in March »

U.S. housing starts fell…

08:15
04/19/19
04/19
08:15
04/19/19
08:15
General news
Housing Starts to be reported at 08:30 »

March Housing Starts will…

08:15
04/19/19
04/19
08:15
04/19/19
08:15
General news
Housing Starts Permits to be reported at 08:30 »

March Housing Starts…

08:05
04/19/19
04/19
08:05
04/19/19
08:05
General news
U.S. housing starts preview: »

U.S. housing starts…

NDEKY

Nitto Denko

$0.00

(0.00%)

06:53
04/19/19
04/19
06:53
04/19/19
06:53
Downgrade
Nitto Denko rating change at Goldman Sachs »

Nitto Denko downgraded to…

03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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CURO

Curo Group

$10.96

0.16 (1.48%)

04:55
04/19/19
04/19
04:55
04/19/19
04:55
Conference/Events
Curo Group management to meet with Jefferies »

Meeting to be held in…

03/08/13
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03/08/13
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  • 19

    Apr

  • 16

    May

  • 05

    Jun

  • 13

    Nov

04:55
04/19/19
04/19
04:55
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04:55
General news
Breaking General news story  »

Week of 4/19 Baker-Hughes…

04:55
04/19/19
04/19
04:55
04/19/19
04:55
General news
Housing Starts Permits to be reported at 08:30 »

March Housing Starts…

AON

Aon plc

$175.38

-0.14 (-0.08%)

, MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

04:55
04/19/19
04/19
04:55
04/19/19
04:55
Conference/Events
Willis Towers Watson »

Analyst Klauber holds a…

AON

Aon plc

$175.38

-0.14 (-0.08%)

MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

WLTW

Willis Towers Watson

$177.37

0.45 (0.25%)

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

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  • 19

    Apr

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    Apr

  • 01

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    May

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    May

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    May

  • 11

    Jun

04:55
04/19/19
04/19
04:55
04/19/19
04:55
General news
Housing Starts to be reported at 08:30 »

March Housing Starts will…

ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

21:07
04/18/19
04/18
21:07
04/18/19
21:07
Recommendations
Intuitive Surgical analyst commentary at Piper Jaffray »

Intuitive Surgical price…

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  • 18

    Apr

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    Apr

  • 03

    May

UBER

Uber

$0.00

(0.00%)

, TM

Toyota

$125.10

0.93 (0.75%)

20:35
04/18/19
04/18
20:35
04/18/19
20:35
Hot Stocks
Uber confirms investment from Toyota, DENSO and SoftBank Vision Fund »

Toyota Motor (TM), Denso…

UBER

Uber

$0.00

(0.00%)

TM

Toyota

$125.10

0.93 (0.75%)

DNZOY

Denso

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

03/08/13
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03/06/13
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  • 05

    Jun

FIX

Comfort Systems USA

$57.58

0.06 (0.10%)

20:08
04/18/19
04/18
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20:08
Hot Stocks
Comfort Systems USA discloses ransomware attack virus »

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  • 05

    Jun

  • 12

    Jun

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    Jun

NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

19:29
04/18/19
04/18
19:29
04/18/19
19:29
Periodicals
Nissan to cut global output by 15% in FY19/20, Nikkei reports »

Nissan Motor (NSANY) will…

NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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FE

FirstEnergy

$40.51

0.28 (0.70%)

19:13
04/18/19
04/18
19:13
04/18/19
19:13
Hot Stocks
FirstEnergy CEO 'pleased' FES submitted revised disclosure statement »

FirstEnergy Corp.…

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  • 24

    Apr

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