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DIS

Disney

$108.30

-0.36 (-0.33%)

, AAPL

Apple

$191.11

-3.96 (-2.03%)

12:38
03/23/19
03/23
12:38
03/23/19
12:38

Streaming revolution too complicated, Barron's says

The streaming revolution has gotten so complicated, Jack Hough writes in this week's edition of Barron's, adding that he is "sticking for now with TV tyranny." Comcast (CMCSA) just announced a cheap service for internet-only customers that resembles an Apple TV, only rented and worse and on Monday, Apple (AAPL), will unveil its service at an event teasingly titled "Show Time," he notes. There are more than 300 services for streaming video, not counting offerings coming from Disney (DIS) later this year and NBC next year, Hough adds, arguing that the market can't stay this fragmented. Reference Link

DIS

Disney

$108.30

-0.36 (-0.33%)

AAPL

Apple

$191.11

-3.96 (-2.03%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$39.56

-0.49 (-1.22%)

  • 25

    Mar

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    Apr

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    Apr

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    May

DIS Disney
$108.30

-0.36 (-0.33%)

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.
03/21/19
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.
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.
AAPL Apple
$191.11

-3.96 (-2.03%)

03/21/19
03/21/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) upgraded to Strong Buy from Buy at Needham with analyst Laura Martin stating that Apple has five types of "network effects," including the strongest type, namely hardware-based direct network effects. 2. Qorvo (QRVO) upgraded to Buy from Neutral at Goldman Sachs with analyst Toshiya Hari saying he's beginning to see early signs of smartphone unit stabilization with channel checks indicating near-term upside in China will offset "marginal weakness" at Apple. 3. Arista Networks (ANET) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Rod Hall seeing "significant upside potential" to consensus expectations driven by Arista's expansion into campus switching. 4. ConocoPhillips (COP) upgraded to Overweight from Neutral at Piper Jaffray with analyst Blake Fernandez attributing the stock's year-to-date underperformance to concern over major project spending risk, which he believes is embedded in current valuation levels. 5. Diplomat Pharmacy (DPLO) upgraded to Outperform from Market Perform at Raymond James with analyst John Ransom saying the 56% decline in shares since the February earnings delay provides a valuation that could be attractive to a strategic buyer. 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
RHCO
03/21/19
NO CHANGE
RHCO
Apple event may be negative for Netflix, positive for Lions Gate, says SunTrust
SunTrust analyst Matthew Thornton previews Apple's (AAPL) media event scheduled for March 25th, saying the company is likely to unveil a Video Service. The analyst believes that an Apple OTT service could be a positive for Lions Gate (LGF.B) given the participation of the Starz networks but negative for Netflix (NFLX) "if Apple can offer compelling content bundles at compelling prices with a compelling UI and ubiquitous access". Thornton adds that Apple's bundling of its Music with video subscriptions and news subscriptions may be a negative for Spotify (SPOT) and a "modest incremental negative" for Roku (ROKU) if Apple's service app is not on its service.
03/22/19
JPMS
03/22/19
UPGRADE
Target $65
JPMS
Overweight
JPMorgan upgrades Lumentum to Overweight on iPhone volume stabilization
JPMorgan analyst Samik Chatterjee upgraded Lumentum Holdings (LITE) to Overweight from Neutral and raised his price target for the shares to $65 from $50. The stock closed yesterday up $2.44, of 5%, to $52.10. The analyst sees a "solid" outlook for the company's telecom business amid "strong" growth led by 5G investments and upside to synergy targets relative to recent acquisition of Oclaro. Further, he sees limited downside risk relative to volume expectations for Apple's (AAPL) iPhone, which he notes has been a "key driver of sentiment on the shares." Stabilization of its iPhone volume outlook should drive focus back to the "strong" fundamentals in Lumentum's primary telecom business, Chatterjee tells investors in a research note.
03/22/19
MSCO
03/22/19
NO CHANGE
MSCO
Overweight
Apple streaming service timing, robustness key details, says Morgan Stanley
Morgan Stanley analyst Katy Huberty said she expects next Monday's special event from Apple to be focused on new Services launches, specifically a streaming video on demand service and likely a paid subscription news and magazine service. Huberty believes that besides the launch of an Apple Media bundle, which she would view as the most bullish potential announcement, the inclusion of video content from other programmers would be a positive and the launch timing and robustness of the offerings are the most important details to watch. A meaningful delay in the launch of original video content could hamper customer adoption and pricing at or above market for a stand-alone streaming video service could also slow adoption, said Huberty, who has an Overweight rating on Apple shares.
CMCSK Comcast
$0.00

(0.00%)

10/30/18
MSCO
10/30/18
NO CHANGE
Target $95
MSCO
Overweight
WWE shares 'on sale' after pullback, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne noted that WWE (WWE) shares are down by over 30% this month, which he sees as a "rare opportunity" to buy shares of a company that he sees having both highly visible earnings growth and growing intellectual property value. He attributes the rapid selloff primarily to a broader market rotation out of risk assets due to rising interest rates and concerns over achieving long-term growth, but he thinks this "does not make sense" given that WWE's EBITDA opportunity "is not a decade away, but rather a year away," Swinburne tells investors. Two contracts underwritten by Comcast (CMCSA) and Fox (FOXA) drive the bulk of its earnings growth and its financial outlook has no immediate exposure to ratings or cord-cutting, Swinburne added. While he trimmed his price target on WWE shares to $95 from $105 after bumping up his investment expectations for 2019, the analyst maintains an Overweight rating on the stock.
02/11/19
KEYB
02/11/19
NO CHANGE
Target $216
KEYB
Overweight
Workday price target raised to $216 from $179 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for Workday (WDAY) to $216 from $179 on improving cloud growth prospects. The analyst notes that analysis of Key First Look Data: Jobs has exposed an unannounced F50 HCM win at UPS (UPS) that began hiring for the global HR transformation team in January. The data also exposed unannounced F100 HCM wins at Comcast (CMCSA; CMCSK), CapitalOne (COF), and Centene (CNC), although job dates suggest these deals may have closed in the October quarter. The January data also exposed a new cloud financials win at Adecco (AHEXY), Bracelin adds. The analyst reiterates an Overweight rating on Workday's shares.
12/07/18
WOLF
12/07/18
INITIATION
Target $48
WOLF
Outperform
Comcast Comcast initiated with an Outperform at Wolfe Research
Wolfe Research initiated Comcast with an Outperform rating and $48 price target.
11/08/18
MSCO
11/08/18
INITIATION
Target $46
MSCO
Overweight
Comcast resumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne resumed coverage of Comcast (CMCSA) with an Overweight rating and $46 price target, stating that while the burden of proof is on the company to successfully execute its Sky (SKYAY) acquisition, the stock's multiple has compressed even though his expectation for Comcast's consolidated growth outlook has not materially changed. In the near-term, Sky will be accretive to that growth rate, Swinburne added. He also said that Comcast "remains first and foremost a US cable business," and he sees broadband as a secular growth driver with a long-term runway.
CMCSA Comcast
$39.56

-0.49 (-1.22%)

01/25/19
HSBC
01/25/19
DOWNGRADE
Target $24
HSBC
Reduce
Dish downgraded to Reduce from Hold at HSBC
HSBC analyst Sunil Rajgopal downgraded Dish (DISH) to Reduce from Hold and cut his price target on the shares to $24 from $38, advocating that investors choose "sturdy carriers" such as Verizon (VZ), T-Mobile (TMUS), AT&T (T) and Comcast (CMCSA). For 2019, Rajgopal expects more fragmentation in the content/pay-TV business as more players enter the OTT content market and he expects the pay TV base to shrink further.
01/24/19
JPMS
01/24/19
NO CHANGE
Target $44
JPMS
Overweight
Comcast target raised to $44 on 'strong' Q4 at JPMorgan
JPMorgan analyst Philip Cusick raised his price target for Comcast to $44 from $42 saying the company reported "strong" Q4 results, including better cable revenue generating units and margins. Further, the analyst says video competition has eased in the last six months and that he's confident it will continue to do so for the next year. Cusick reiterates an Overweight rating on Comcast while highlighting the company's 8.1% free cash flow yield.

TODAY'S FREE FLY STORIES

AAPL

Apple

$205.28

-1.82 (-0.88%)

09:39
04/26/19
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HIBB

Hibbett Sports

$20.53

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Tractor Supply

$105.09

1 (0.96%)

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Hibbett Sports names Christine Skold as Interim CFO, effective April 26 »

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Hibbett Sports

$20.53

0.13 (0.64%)

TSCO

Tractor Supply

$105.09

1 (0.96%)

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SBUX

Starbucks

$77.07

0.65 (0.85%)

09:37
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09:37
Hot Stocks
Starbucks CEO says competitor discounts in China not sustainable »

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V

Visa

$161.03

-0.47 (-0.29%)

09:36
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Visa analyst commentary at BMO Capital »

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WNS

WNS Holdings

$56.71

0.26 (0.46%)

09:36
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09:36
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ANTM

Anthem

$256.01

5 (1.99%)

, CVS

CVS Health

$53.24

0.31 (0.59%)

09:34
04/26/19
04/26
09:34
04/26/19
09:34
Recommendations
Anthem, CVS Health analyst commentary at Cleveland Research »

Anthem won Blue Cross of…

ANTM

Anthem

$256.01

5 (1.99%)

CVS

CVS Health

$53.24

0.31 (0.59%)

03/08/13
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RL

Ralph Lauren

$129.74

-2.31 (-1.75%)

09:34
04/26/19
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09:34
Upgrade
Ralph Lauren rating change  »

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SFLY

Shutterfly

$42.30

-0.65 (-1.51%)

09:32
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09:32
Upgrade
Shutterfly rating change  »

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HTBK

Heritage Commerce

09:32
04/26/19
04/26
09:32
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09:32
Downgrade
Heritage Commerce rating change  »

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SIVB

SVB Financial

$247.10

-1.84 (-0.74%)

09:32
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09:32
Downgrade
SVB Financial rating change  »

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MAS

Masco

$37.50

-2.48 (-6.20%)

09:32
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04/26
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09:32
Upgrade
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  • 10

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FLGT

Fulgent Genetics

$7.23

-0.02 (-0.28%)

09:31
04/26/19
04/26
09:31
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09:31
Downgrade
Fulgent Genetics rating change at Credit Suisse »

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  • 07

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PRO

Pros Holdings

$45.06

-0.25 (-0.55%)

09:30
04/26/19
04/26
09:30
04/26/19
09:30
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Pros Holdings analyst commentary  »

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CLS

Celestica

$7.29

-1.315 (-15.28%)

09:28
04/26/19
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09:28
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09:28
Downgrade
Celestica rating change at Canaccord »

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SHW

Sherwin-Williams

$451.24

-6.61 (-1.44%)

09:27
04/26/19
04/26
09:27
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09:27
Conference/Events
Sherwin-Williams management to meet with UBS »

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CARO

Carolina Financial

$36.08

-0.83 (-2.25%)

09:26
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ARGO

Argo Group

$74.21

-0.245 (-0.33%)

09:26
04/26/19
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Argo Group rating change at William Blair »

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POWI

Power Integrations

$78.11

-1.93 (-2.41%)

09:25
04/26/19
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09:25
Recommendations
Power Integrations analyst commentary at Loop Capital »

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HPE

HP Enterprise

$16.00

-0.27 (-1.66%)

09:25
04/26/19
04/26
09:25
04/26/19
09:25
Conference/Events
HP Enterprise management to meet with UBS »

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09:25
04/26/19
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General news
Today's U.S. GDP report »

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HFWA

Heritage Financial

$30.77

-0.6 (-1.91%)

09:23
04/26/19
04/26
09:23
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09:23
Downgrade
Heritage Financial rating change at Sandler ONeill »

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TAL

TAL Education

$36.22

1.81 (5.26%)

09:22
04/26/19
04/26
09:22
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09:22
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09:20
04/26/19
04/26
09:20
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General news
Fed funds futures are in rally mode »

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INTC

Intel

$57.59

-1.13 (-1.92%)

, AMD

AMD

$27.66

-0.8 (-2.81%)

09:19
04/26/19
04/26
09:19
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09:19
Recommendations
Intel, AMD, Nvidia, Seagate, Western Digital, Micron analyst commentary  »

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INTC

Intel

$57.59

-1.13 (-1.92%)

AMD

AMD

$27.66

-0.8 (-2.81%)

NVDA

Nvidia

$186.84

-4.35 (-2.28%)

STX

Seagate

$46.09

-0.9 (-1.92%)

WDC

Western Digital

$52.95

-1.03 (-1.91%)

MU

Micron

$42.76

-0.27 (-0.63%)

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SK

Slack Technologies

$0.00

(0.00%)

09:19
04/26/19
04/26
09:19
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09:19
Syndicate
Slack Technologies files direct listing on NYSE under symbol 'SK' »

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