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FOX

Fox Corp.

$38.88

1.2 (3.18%)

, FOXA

Fox Corp.

$40.03

1.45 (3.76%)

07:34
03/22/19
03/22
07:34
03/22/19
07:34

The reality of Fox layoffs saddened staffers when 'ax fell,' Variety says

According to Variety's Brent Lang and Matt Donnelly, despite Fox (FOX, FOXA) employees' year-long anticipation of layoffs from the Disney (DIS) acquisition of of much of 21st Century Fox's film and television assets, when the ax finally fell, "staffers, who had been engaging in gallows humor for weeks, burst into tears when they received the word in one-on-one meetings with human resources reps that their positions were being terminated." Reference Link

FOX

Fox Corp.

$38.88

1.2 (3.18%)

FOXA

Fox Corp.

$40.03

1.45 (3.76%)

DIS

Disney

$108.66

-1.32 (-1.20%)

  • 11

    Apr

FOX Fox Corp.
$38.88

1.2 (3.18%)

11/08/18
MSCO
11/08/18
NO CHANGE
Target $54
MSCO
Overweight
Morgan Stanley raises 'New Fox' estimates after 21st Century Fox report
Morgan Stanley analyst Benjamin Swinburne said 21st Century Fox's Q1 results reinforced his conviction in his Overweight view, as he believes its strong distribution and ad sales results in the U.S. underscore Fox's pricing power. Following the quarterly report, Swinburne raised his estimates for "New Fox" and increased his price target on 21st Century Fox shares to $54 from $53 based on his value of $13 per share for "New Fox" and $41 per share for "RemainCo." The analyst also noted that Fox's international cable networks came in below his expectations, adding that he believes Disney's (DIS) acquisition of Fox's content production assets and Star India, along with gaining a majority stake in Hulu, are the primary growth drivers.
02/06/19
MSCO
02/06/19
NO CHANGE
Target $135
MSCO
Overweight
Disney's ESPN+ has surprised with early sub growth, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne said in a note before the open that Disney's (DIS) Q1 results were broadly ahead of expectations. He said that ESPN+ has surprised him with its early sub growth ahead of "all eyes" being on the launch of Disney+ this fall and the consolidation of Hulu after the Fox (FOXA) deal closes. Additionally, the $150M drag on operating income for FY19 was lower than expected given fears over lost licensing revenues as Disney opts to keep much of its film and TV content in house, said Swinburne. He continues to see Disney shares offering compelling value and keeps an Overweight rating on the stock with a $135 price target.
01/24/19
SOCG
01/24/19
DOWNGRADE
SOCG
Sell
21st Century Fox downgraded to Sell from Hold at Societe Generale
12/06/18
CHLM
12/06/18
INITIATION
Target $5
CHLM
Buy
Telaria initiated with a Buy at Craig-Hallum
Craig-Hallum analyst Jason Kreyer started coverage of Telaria (TLRA) with a Buy rating and $5 price target. The analyst notes that the company's partnerships with over-the-top streaming providers such as Hulu, Sling (DISH), Sony's (SNE) VUE, Fox (FOXA), A&E, and FuboTV generated about 20% of total revenue last year and he projects it will grow to nearly 60% by 2020. As consumers continue to pivot toward over-the-top subscriptions, Telaria benefits from its agnostic platform that partners with a variety of publishers to monetize video ad content, Kreyer contends.
FOXA Fox Corp.
$40.03

1.45 (3.76%)

03/22/19
LEHM
03/22/19
INITIATION
Target $40
LEHM
Equal Weight
Fox Corp. initiated with an Equal Weight at Barclays
Barclays analyst Kannan Venkateshwar started Fox Corp. with an Equal Weight rating and $40 price target. The key to multiple expansion is likely to be execution on a broadcast turnaround, Venkateshwar tells investors in a research note. The analyst views the stock as fairly priced relative to peers.
03/21/19
03/21/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Fox Corp. (FOXA) initiated with an Outperform at Credit Suisse. 2. Eagle Materials (EXP) initiated with a Neutral at JPMorgan. 3. The Medicines Co. (MDCO) initiated with a Buy at Roth Capital. 4. PolarityTE (PTE) initiated with an Outperform at Evercore ISI. 5. W.R. Grace (GRA) initiated with a Buy at Berenberg. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/21/19
BUCK
03/21/19
INITIATION
Target $48
BUCK
Buy
Fox Corp. initiated with a Buy at Buckingham
Buckingham analyst Matthew Harrigan initiated Fox Corp. with a Buy and $48 price target.
03/21/19
03/21/19
INITIATION
Target $46

Outperform
Credit Suisse bullish on Fox Corp., initiates with Outperform
As previously reported, Credit Suisse analyst Douglas Mitchelson started coverage of Fox Corp. with an Outperform rating and a $46 price target. The analyst expects accretive deployment of Fox's "prodigious" free cash flow, primarily via share repurchases and TV station M&A. Despite a slow 2019 for Cable Network affiliate revenue growth, Mitchelson expects Fox will post the "fastest" revenue and EBITDA growth in Media the next few years, due to having pricing power over distributors and about 50% of its renewals the next two years, pus continued rapid Broadcast retransmission growth, the 2020 election cycle and potential cost efficiencies.
DIS Disney
$108.66

-1.32 (-1.20%)

03/08/19
BUCK
03/08/19
DOWNGRADE
Target $382
BUCK
Neutral
Buckingham downgrades Netflix to Neutral amid 'investor angst' over Disney+
As previously reported, Buckingham analyst Matthew Harrigan downgraded Netflix (NFLX) to Neutral from Buy, citing the stock's sensitivity to any market pullback, "investor angst" regarding what he calls "increasingly credible" competition from the Disney+ (DIS) streaming service and his concerns that his model for Netflix's long-term global membership growth may be optimistic given the rising competition. He also cites "further management flux" following the departure of the company's Chief Marketing Officer. Harrigan keeps a $382 price target on Netflix shares.
03/06/19
JPMS
03/06/19
NO CHANGE
JPMS
Disney streaming service can reach 160M worldwide subscribers, says JPMorgan
Disney om April 11 is expected to provide more detail on its direct-to-consumer initiatives, including the anticipated Disney-branded streaming service expected to launch late 2019, officially named Disney+, as well as ESPN+, which launched last year, JPMorgan analyst Alexia Quadrani tells investors in a research note. The analyst maintains a favorable view on the potential success of Disney+. She believes the streaming service can ultimately reach ~45M domestic and ~115M international subscribers for a total of 160M worldwide. Further, she points out that ESPN+ results have surpassed expectations. Quadrani believes Disney's multiplatform approach "is the only choice" and is confident the company "has the arsenal to succeed in this strategy." The analyst continues to have a suspended rating and price target on the shares.
03/21/19
WEDB
03/21/19
NO CHANGE
Target $215
WEDB
Outperform
Apple price target raised to $215 from $200 at Wedbush
Wedbush analyst Daniel Ives raised his price target for Apple (AAPL) to $215 from $200 ahead of the expected announcement of its "long awaited" streaming video service that will compete with the likes of Netflix (NFLX), Disney (DIS), Hulu, among others. The analyst views this as a pivotal step in further driving Apple's services flywheel, and believes it will only be the drumroll to a more transformative content acquisition during the course of 2019 for Apple. The services business remains the "wild card" in driving the valuation higher for Apple as he estimates the valuation of the services franchise for the company is worth roughly $400B on a standalone basis with this highly profitable segment poised to exceed $50B in revenues by 2020. Ives reiterates an Outperform rating on Apple's shares.
03/14/19
NEED
03/14/19
NO CHANGE
Target $85
NEED
Buy
Roku price target raised to $85 from $65 at Needham
Needham analyst Laura Martin raised her price target on Roku (ROKU) to $85 and kept her Buy rating, saying its 14% stock price decline yesterday was "overdone" while maintaining her view of the company as the "top pick for 2019". The analyst cites the company's position of an "arms dealer", aggregating 5K 3rd party streaming video apps into one platform. She also believes that "every new streaming service", including the upcoming offerings from Disney (DIS), AT&T (T) and Apple (AAPL) will sign contracts allowing for viewing on Roku device, adding that "TV advertisers" will have to follow the viewers since some 10M Roku users have no linear TV access. Moreover, Martin contends that Roku is in position to expand internationally or possibly be acquired.

TODAY'S FREE FLY STORIES

AKAM

Akamai

$90.95

-0.13 (-0.14%)

21:13
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DB

Deutsche Bank

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PRVB

Provention Bio

$9.70

0.33 (3.52%)

20:31
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DRI

Darden

$127.40

1.31 (1.04%)

20:25
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XGN

Exagen

$0.00

(0.00%)

19:48
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  • 19

    Sep

PING

Ping Identity

$0.00

(0.00%)

19:35
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CBS

CBS

$43.38

0.08 (0.18%)

, T

AT&T

$36.77

-0.39 (-1.05%)

19:04
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Periodicals
Viacom, CBS, WarnerMedia pull e-cigarette ads from networks, CNBC says »

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CBS

$43.38

0.08 (0.18%)

T

AT&T

$36.77

-0.39 (-1.05%)

VIA

Viacom

$27.94

-0.06 (-0.21%)

VIAB

Viacom

$25.77

0.02 (0.08%)

BTI

British American Tobacco

$36.90

0.06 (0.16%)

MO

Altria Group

$40.84

-0.47 (-1.14%)

PM

Philip Morris

$71.58

-0.4 (-0.56%)

IMBBY

Imperial Brands

$0.00

(0.00%)

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  • 23

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    Nov

CRON

Cronos Group

$10.96

-0.205 (-1.84%)

18:57
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MLHR

Herman Miller

$44.48

-0.02 (-0.04%)

, SVRA

Savara

$2.49

-0.14 (-5.32%)

18:46
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UP AFTER EARNINGS: …

MLHR

Herman Miller

$44.48

-0.02 (-0.04%)

SVRA

Savara

$2.49

-0.14 (-5.32%)

CBPO

China Biologic

$103.19

0.37 (0.36%)

NCR

NCR Corp.

$33.62

0.77 (2.34%)

MSFT

Microsoft

$138.53

1.13 (0.82%)

TNDM

TNDM

X

U.S. Steel

$12.45

-0.51 (-3.94%)

PRVB

Provention Bio

$9.70

0.33 (3.52%)

PAA

Plains All American

$21.87

-0.315 (-1.42%)

COST

Costco

$292.47

0.96 (0.33%)

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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  • 19

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    Sep

TECD

Tech Data

$103.32

-0.59 (-0.57%)

18:41
09/18/19
09/18
18:41
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Tech Data CEO: We are confident in our company and where we are going »

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T

AT&T

$36.77

-0.39 (-1.05%)

, DISH

Dish

$35.58

0.3 (0.85%)

18:34
09/18/19
09/18
18:34
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18:34
Periodicals
AT&T, Dish not in discussions over DirecTV deal, Reuters reports »

AT&T (T) and Dish…

T

AT&T

$36.77

-0.39 (-1.05%)

DISH

Dish

$35.58

0.3 (0.85%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 23

    Sep

  • 23

    Oct

AGCO

Agco

$76.04

-0.16 (-0.21%)

18:30
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Agco CEO: We are on schedule in the U.S. »

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PBR

Petrobras

$14.63

-0.31 (-2.08%)

18:22
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Petrobras raises gasoline, diesel prices in wake of Saudi attacks, Reuters says »

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CE

Celanese

$123.69

-0.28 (-0.23%)

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STI

SunTrust

$68.57

0.48 (0.70%)

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WBS

Webster Financial

$48.84

0.43 (0.89%)

17:53
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  • 18

    Sep

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HSBC

HSBC

$38.19

-0.1 (-0.26%)

17:52
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  • 27

    Oct

HES

Hess Corp.

$66.91

-0.92 (-1.36%)

17:50
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  • 01

    Oct

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    Oct

CSCO

Cisco

$49.32

-0.1 (-0.20%)

, DDOG

Datadog

$0.00

(0.00%)

17:46
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CSCO

Cisco

$49.32

-0.1 (-0.20%)

DDOG

Datadog

$0.00

(0.00%)

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  • 10

    Oct

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    Nov

  • 19

    Sep

ASB

Associated Banc-Corp

$20.23

0.075 (0.37%)

17:46
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Effective September 19.

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GLD

SPDR Gold Shares

$140.69

-0.93 (-0.66%)

17:45
09/18/19
09/18
17:45
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Hot Stocks
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T

AT&T

$36.77

-0.39 (-1.05%)

, DISH

Dish

$35.58

0.3 (0.85%)

17:44
09/18/19
09/18
17:44
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Periodicals
AT&T exploring options to part with DirecTV unit, WSJ says »

AT&T (T) is looking…

T

AT&T

$36.77

-0.39 (-1.05%)

DISH

Dish

$35.58

0.3 (0.85%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Sep

  • 23

    Oct

CBPO

China Biologic

$103.19

0.37 (0.36%)

17:43
09/18/19
09/18
17:43
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17:43
Hot Stocks
China Biologic up 7% after receiving 'going private' proposal for $120 per share »

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T

AT&T

$36.77

-0.39 (-1.05%)

, DISH

Dish

$35.58

0.3 (0.85%)

17:42
09/18/19
09/18
17:42
09/18/19
17:42
Hot Stocks
AT&T, Dish move higher after WSJ report that AT&T has explored DirecTV options »

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T

AT&T

$36.77

-0.39 (-1.05%)

DISH

Dish

$35.58

0.3 (0.85%)

03/08/13
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03/06/13
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03/06/13
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  • 23

    Sep

  • 23

    Oct

GSK

GlaxoSmithKline

$41.06

-0.04 (-0.10%)

17:41
09/18/19
09/18
17:41
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17:41
Periodicals
FDA panel recommends approval of GSK's nicotine oral spray, Reuters says »

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