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CBS

CBS

$45.53

0.43 (0.95%)

, VIA

Viacom

$32.68

2.04 (6.66%)

08:27
03/26/19
03/26
08:27
03/26/19
08:27

CBS, Viacom to restart merger talks with a focus on CEO role, NY Post reports

CBS (CBS) and Viacom (VIA, VIAB) are preparing to restart merger discussions and decide who will become CEO of the combined company after Viacom settled a contract dispute with AT&T (T), the New York Post's Josh Kosman and Alexandra Steigrad reports, citing sources. CBS' independent directors are expected to approach the board in the next few weeks and in addition to agreeing on a price, the companies will have to decide on a new leadership plan. Viacom CEO Robert Bakish and CBS interim CEO Joe Ianniello are being considered for the top role, although Bakish is the current front-runner. Reference Link

CBS

CBS

$45.53

0.43 (0.95%)

VIA

Viacom

$32.68

2.04 (6.66%)

VIAB

Viacom

$26.33

1.06 (4.19%)

T

AT&T

$30.78

-0.25 (-0.81%)

  • 24

    Apr

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    Apr

  • 02

    May

  • 07

    May

  • 20

    May

  • 06

    Jun

CBS CBS
$45.53

0.43 (0.95%)

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
03/21/19
WELS
03/21/19
NO CHANGE
Target $82
WELS
Market Perform
Hasbro price target lowered to $82 from $90 at Wells Fargo
Wells Fargo analyst Timothy Conder lowered his price target for Hasbro (HAS) to $82 from $90 as he expects shares to remain range-bound $80-$90 near-term as the company transitions through difficult Q1 comps, ongoing first half of 2019 European retail correction, and increased investment to support Magic Arena launch and product innovation. The analyst does not see many other near-term catalysts ahead of Q1 earnings mid-April, though there is some concern that Chairman/CEO Brian Goldner may leave for CBS (CBS). Conder reiterates a Market Perform rating on Hasbro's shares.
VIA Viacom
$32.68

2.04 (6.66%)

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.
01/24/19
SOCG
01/24/19
DOWNGRADE
SOCG
Hold
Viacom downgraded to Hold from Buy at Societe Generale
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.
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.
VIAB Viacom
$26.33

1.06 (4.19%)

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".
T AT&T
$30.78

-0.25 (-0.81%)

03/15/19
03/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Amazon.com (AMZN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying Amazon is taking a number of operational moves to improve profitability in core retail, which could drive mid-term earnings above current consensus estimates. 2. AT&T (T) upgraded to Outperform from Market Perform at Raymond James with analyst Frank Louthan saying AT&T shares trade at a relative discount and expects shares to be driven by positive earnings growth combined with a strong de-levering story. 3. Colfax (CFX) upgraded to Equal Weight from Underweight at Barclays with analyst Julian Mitchell saying he views the company's turnaround story as underappreciated. 4. Rent-A-Center (RCII) upgraded to Outperform from Market Perform at Raymond James with analyst Budd Bugatch citing the trial win regarding the terminated buyout with Vintage Capital and a strong fundamental outlook for the upgrade. 5. Global Net Lease (GNL) upgraded to Buy from Neutral at B. Riley FBR with analyst Bryan Maher citing the stock's attractive relative valuation as well as management's acquisition "acumen" for the upgrade to Buy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/15/19
03/15/19
UPGRADE

Outperform
AT&T upgraded to Outperform on valuation at Raymond James
As previously reported, Raymond James upgraded AT&T to Outperform from Market Perform and established a $34 price target. Analyst Frank Louthan said AT&T shares trade at a relative discount and expects shares to be driven by positive earnings growth combined with a strong de-levering story.
03/15/19
RAJA
03/15/19
UPGRADE
RAJA
Outperform
AT&T upgraded to Outperform from Market Perform at Raymond James
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

AAPL

Apple

$179.03

-0.64 (-0.36%)

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SharpSpring

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CREG

China Recycling Energy

$0.48

0.005 (1.05%)

16:41
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FENC

Fennec

$3.88

(0.00%)

16:36
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Conference/Events
Fennec management to meet with Wedbush »

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

16:35
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Syndicate
Breaking Syndicate news story on Toronto-Dominion »

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16:30
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Options
Preliminary option volume of 15.7M today »

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CBUS

Cibus

$0.00

(0.00%)

16:25
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16:25
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Cibus requests withdrawal of registration statement »

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BA

Boeing

$355.14

4.57 (1.30%)

16:23
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05/24
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16:23
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Boeing 737 MAX return delayed by FAA expanding review, WSJ reports »

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  • 29

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FB

Facebook

$181.03

0.14 (0.08%)

, BA

Boeing

$355.14

4.57 (1.30%)

16:20
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On The Fly
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FB

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$181.03

0.14 (0.08%)

BA

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$355.14

4.57 (1.30%)

UAL

United Continental

$80.77

-0.14 (-0.17%)

SMI

SMIC

$5.23

-0.26 (-4.74%)

HPQ

HP Inc.

$20.03

0.835 (4.35%)

HPE

HP Enterprise

$14.36

0.03 (0.21%)

NVS

Novartis

$87.49

3.03 (3.59%)

CNC

Centene

$56.84

1.39 (2.51%)

WCG

WellCare

$275.45

0.99 (0.36%)

TSS

TSYS

$113.42

13.81 (13.86%)

GPN

Global Payments

$153.42

5.45 (3.68%)

HIBB

Hibbett Sports

$23.91

4.07 (20.51%)

DVAX

Dynavax

$5.77

-0.59 (-9.28%)

FL

Foot Locker

$44.39

-8.455 (-16.00%)

SPLK

Splunk

$119.13

-9.55 (-7.42%)

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

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  • 13

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  • 24

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  • 09

    Jul

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    Jul

  • 23

    Jul

  • 13

    Nov

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
05/24/19
05/24
16:20
05/24/19
16:20
Options
Closing CBOE SPX and VIX Index summary for May 24th »

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03/08/13
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03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
05/24/19
05/24
16:17
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Technical Analysis
NASDAQ market internals summary »

Volume was average for…

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
05/24/19
05/24
16:16
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Technical Analysis
NYSE market internals summary »

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RHE

Regional Health Properties

$2.06

0.09 (4.57%)

16:15
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16:15
Hot Stocks
Regional Health Properties receives NYSE notice over late Form 10-Q filing »

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TBIO

Translate Bio

$9.12

-0.09 (-0.98%)

16:14
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Syndicate
Breaking Syndicate news story on Translate Bio »

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  • 18

    Jun

TEAM

Atlassian

$129.57

2.33 (1.83%)

16:11
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  • 05

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HIBB

Hibbett Sports

$23.90

4.06 (20.46%)

16:10
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  • 24

    May

MYOV

Myovant Sciences

$12.44

-0.415 (-3.23%)

16:09
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Earnings
Myovant Sciences reports Q4 EPS ($1.07), consensus ($1.02) »

Cash and cash equivalents…

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

16:06
05/24/19
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16:06
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Periodicals
TD Bank's Masrani says trade tensions put confidence at risk, Bloomberg says »

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CPRT

Copart

$71.06

1.07 (1.53%)

16:02
05/24/19
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16:02
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Recommendations
Copart analyst commentary  »

Outlook for Copart…

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  • 03

    Jun

PFE

Pfizer

$41.96

0.04 (0.10%)

16:01
05/24/19
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Hot Stocks
Pfizer says Phase 3 study of LYRICA did not meet primary endpoint »

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  • 31

    May

IMMR

Immersion

$7.69

-0.03 (-0.39%)

15:55
05/24/19
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Options
Immersion put volume heavy and directionally bearish »

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  • 14

    Jun

S

Sprint

$6.98

0.03 (0.43%)

, TMUS

T-Mobile

$76.09

0.02 (0.03%)

15:30
05/24/19
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Periodicals
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S

Sprint

$6.98

0.03 (0.43%)

TMUS

T-Mobile

$76.09

0.02 (0.03%)

03/08/13
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  • 13

    Jun

BPMC

Blueprint Medicines

$84.69

1.65 (1.99%)

15:30
05/24/19
05/24
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Options
Volatility play opened in Blueprint Medicines as shares add 2% to $84.60 »

Volatility play opened in…

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  • 18

    Jun

FB

Facebook

$181.48

0.59 (0.33%)

15:20
05/24/19
05/24
15:20
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15:20
Periodicals
Facebook settlement delayed by FTC split, WSJ says »

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  • 30

    May

  • 30

    May

  • 03

    Jun

AZZ

AZZ Inc.

$42.81

-0.47 (-1.09%)

15:19
05/24/19
05/24
15:19
05/24/19
15:19
Conference/Events
AZZ Inc. management to meet with Sidoti »

Meetings to be held in…

03/08/13
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