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ROKU

Roku

$68.65

-1.85 (-2.62%)

, FB

Facebook

$173.90

-0.12 (-0.07%)

06:41
04/04/19
04/04
06:41
04/04/19
06:41

Guggenheim downgrades Roku on increasing competition from Apple, Amazon

Guggenheim analyst Michael Morris downgraded Roku (ROKU) to Neutral from Buy and lowered his price target for the shares to $72 from $77. The stock closed yesterday down 3%, or $2.04, to $68.60. Morris this morning also upgraded Facebook (FB) to Buy from Neutral with a $200 price target. Apple's (AAPL) video product unveiled on March 25 represents an additional risk to Roku's active user base, the analyst tells investors in a research note. Further, Amazon's (AMZN) and Viacom's (VIAB) greater pushes into advertising video on demand are also increasing competition on Roku, Morris contends. He adds that Roku CFO Steve Louden's sale of 100,000 shares has also "shaken" his confidence in the stock. Nonetheless, the analyst's view of the "strong" secular streaming and targeted video advertising tailwinds that the company is positioned to benefit from is unchanged.

ROKU

Roku

$68.65

-1.85 (-2.62%)

FB

Facebook

$173.90

-0.12 (-0.07%)

AAPL

Apple

$195.39

1.69 (0.87%)

AMZN

Amazon.com

$1,821.00

8.27 (0.46%)

VIAB

Viacom

$29.36

0.54 (1.87%)

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    Jun

ROKU Roku
$68.65

-1.85 (-2.62%)

04/04/19
GUGG
04/04/19
DOWNGRADE
GUGG
Neutral
Roku downgraded to Neutral from Buy at Guggenheim
04/02/19
RSBL
04/02/19
INITIATION
RSBL
Neutral
Roku initiated with a Neutral at Rosenblatt
Rosenblatt analyst Mark Zgutowicz initiated Roku with a Neutral and $63 price target citing compressing advertising margins as it competes for high-priced premium inventory, required to package non-premium Roku Channel inventory, that it then must resell at a bigger premium.
04/01/19
KEYB
04/01/19
NO CHANGE
Target $76
KEYB
Overweight
Roku price target raised to $76 from $63 at KeyBanc
KeyBanc analyst Evan Wingren raised his price target for Roku to $76 from $63 given momentum of the platform business and potential for upside revisions to estimates, recent partnerships signaling strategic value of Roku's ad platform, and intra-quarter data checks suggesting strong engagement/monetization. The analyst reiterates an Overweight rating on the shares.
03/27/19
DADA
03/27/19
NO CHANGE
Target $245
DADA
Buy
Apple event clarifies progress in reduced iPhone dependency, says DA Davidson
DA Davidson analyst Tom Forte keeps his Buy rating and $245 price target on Apple (AAPL) after its unveiled Services offerings, saying the company is clarifying its strategy to reduce its dependence on smartphone sales with "progress on many fronts, including advertising, content, payments, and esports". The analyst also urges investors to buy shares of Roku (ROKU) and keeps its Buy rating and $80 price target on the stock after the Apple event, saying it is leveraging Apple's streaming-video efforts.
FB Facebook
$173.90

-0.12 (-0.07%)

04/04/19
GUGG
04/04/19
UPGRADE
GUGG
Buy
Facebook upgraded to Buy from Neutral at Guggenheim
04/02/19
DBAB
04/02/19
NO CHANGE
DBAB
Buy
Instagram e-commerce could add $10B to Facebook sales in 2021, says Deutsche
A more streamlined e-commerce experience on Instagram could add an incremental $10B of revenue in 2021 for Facebook, Deutsche Bank analyst Lloyd Walmsley tells investors in a research note. He sees "Checkout with Instagram" as a key step towards unlocking this opportunity. After speaking with a large brand trying it out and a Facebook marketing partner, the analyst is "excited" on Facebook's e-commerce opportunity for Instagram. Walmsley thinks Checkout with Instagram can drive monetization and he keeps a Buy rating on Facebook.
04/02/19
JPMS
04/02/19
NO CHANGE
Target $435
JPMS
Overweight
Netflix recent underperformance brings good buying opportunity, says JPMorgan
Netflix (NFLX) shares are up 4% since its Q4 earnings report but are still underperforming the S&P 500 Index's 9% rally and average Internet peer gain of 8% despite the "strong" results, JPMorgan analyst Doug Anmuth tells investors in a research note. The analyst believes Netflix shares have been weighed down by uncertainty around the U.S./Latin America price increase impact on churn net additions in the first half of 2019, as well as the overhang from competitor launches out of Disney (DIS) and Apple (AAPL). However, the recent Netflix share price underperformance represents a good buying opportunity, Anmuth contends. He notes that he recently added the stock as one of his top picks along with Facebook (FB), Amazon.com (AMZN) and Twitter (TWTR). Anmuth believes the underlying secular shift toward on-demand entertainment "remains strong" and that competitive fears around Netflix are overdone. The company is on track to have 200M-plus global paid subscribers in 2021 and its U.S. revenue growth should accelerate from Q1 levels through 2019, contends the analyst. He reiterates an overweight rating on Netflix with a $435 price target, which represents 19% upside from current levels. The streaming service closed yesterday up $10.40, or 3%, to $366.96.
04/04/19
GUGG
04/04/19
UPGRADE
Target $200
GUGG
Buy
Guggenheim upgrades Facebook to Buy with $200 price target
Guggenheim analyst Michael Morris upgraded Facebook to Buy from Neutral and raised his price target for the shares to $200 from $175. The social media giant closed yesterday down 66c to $173.54. Investors will continue to gain comfort with the incremental financial risk created by Facebook's content and privacy concerns, Morris tells investors in a research note. Further, the analyst believes the company's usage trends have remained "solid" and sees the potential for commerce and messaging monetization opportunities "as attractively priced within shares." Morris expects Facebook shares to outperform his broader Media & Entertainment coverage given its "above-average growth rate at a modest premium to overall market valuation."
AAPL Apple
$195.39

1.69 (0.87%)

04/02/19
04/02/19
UPGRADE
Target $85

Overweight
Qorvo upgraded to Overweight on increased confidence after Asia trip at KeyBanc
As previously reported, KeyBanc analyst Weston Twigg upgraded Qorvo (QRVO) to Overweight from Sector Weight, with an with an $85 price target given increasing confidence from his Asia trip indicating market share gains in the next-generation Apple (AAPL) iPhone in the mid-high band PAD. Further, the analyst believes the company is significantly better positioned to benefit from the 5G upgrade cycle given the architectural shift to massive MIMO and its ascending position with its GaN IP and assets, and sees stabilizing iPhone demand and improving China smartphone demand related to Huawei pull-ins. Additionally, Twigg sees favorable risk/reward from a stock perspective, as there is a significant amount of skepticism in Qorvo's ability to regain share.
04/03/19
UBSW
04/03/19
NO CHANGE
Target $215
UBSW
Buy
Apple's iPhone may be 'already at replacement', says UBS
UBS analyst Timothy Arcuri kept his Buy rating and $215 price target on Apple (AAPL), saying that while his "field work" suggests that the company may not be able to ship a 5G iPhone in 2020 because Intel (INTC) may not be "ready with a single chip backward compatible 5G modem", he sees iPhones as being "already at replacement". The analyst adds that Intel should or will discontinue or sell its modem operations, and that the buyer could be Apple.
04/02/19
KEYB
04/02/19
NO CHANGE
Target $335
KEYB
Overweight
Broadcom price target raised to $335 from $310 at KeyBanc
KeyBanc analyst Weston Twigg raised his price target for Broadcom (AVGO) to $335 from $310 given stabilizing Apple (AAPL) iPhone demand. While losing share to Qorvo (QRVO) in the next-generation iPhone represents a slight negative for Broadcom, the analyst sees minimal risk to forward estimates, as he believes this will be more than offset by content gains associated with the iPhone adoption of 802.11ax, easy year over year unit iPhone compares, and RF FE TAM expansion. Twigg reiterates an Overweight rating on the shares.
AMZN Amazon.com
$1,821.00

8.27 (0.46%)

04/01/19
COWN
04/01/19
NO CHANGE
COWN
FTC officials seem to spotlight Facebook, Amazon for scrutiny, says Cowen
After FTC Chairman Joe Simons and Competition Bureau Director Bruce Hoffman spoke at the American Bar Association's annual antitrust conference on Friday, Cowen analyst Paul Gallant said his read of some of Simons' comments on "consummated mergers" is that they seem directed toward Facebook (FB) deals like Instagram and Whatsapp and/or Google's (GOOGL) past ad tech acquisitions. Hoffman "also seemed to lean forward on tech," said Gallant, who sees some of Hoffman's comments on a prior ruling about American Express (AXP) as making Amazon (AMZN) more of an antitrust target than he expected. The analyst also noted that Sarah Oxenham-Allen, Chair of the State Attorney Generals Task Force on Antitrust, spoke at the event and he sees her comments as underscoring that state AGs are a "legitimate threat" on antitrust and privacy for Facebook and Google.
04/02/19
IMPC
04/02/19
NO CHANGE
Target $79
IMPC
Outperform
Atlas Air shares attractive after new Amazon agreement, says Imperial Capital
Atlas Air Worldwide (AAWW) shares are attractive considering the company's new agreement with Amazon.com (AMZN), "healthy" underlying revenue and earnings growth, and low valuations, Imperial Capital analyst Michael Derchin tells investors in a research note. He sees an attractive risk/reward opportunity and keeps an Outperform rating on Atlas Air with a $79 price target.
04/03/19
JEFF
04/03/19
NO CHANGE
Target $2300
JEFF
Buy
Jefferies analysis suggests Amazon shares can hit $3,000 in two years
Jefferies analyst Brent Thill continues to see 27% near-term upside from current levels for shares of Amazon.com but longer-term, he sees a roadmap to a $3,000-plus stock price. The analyst keeps a Buy rating on Amazon with a $2,300 price target. The stock closed yesterday at $1,813.98. Despite rallying 21% year-to-date, the shares remain "deeply undervalued," Thill tells investors in a research note. The analyst believes many any of Amazon's embedded growth opportunities are underappreciated "and the optionality from new initiatives is not reflected in the stock." His updated sum-of-the-parts analysis, based on estimate 2022 revenue, suggests ~65% upside to potential value of $3,000 in two years. The analysis is based on "relatively conservative" assumptions, particularly about growth in Amazon's most profitable segments - Web Services, advertising, and third party seller services. Thill believes Amazon has "just scratched the surface" in many of its existing markets.
VIAB Viacom
$29.36

0.54 (1.87%)

03/29/19
LOOP
03/29/19
UPGRADE
Target $35
LOOP
Buy
Viacom upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Alan Gould upgraded Viacom to Buy from Hold and raised his price target for the shares to $35 from $33.
03/29/19
03/29/19
UPGRADE
Target $35

Buy
Viacom upgraded to Buy at Loop Capital on de-risked AT&T loss
As previously reported, Loop Capital analyst Alan Gould upgraded Viacom (VIAB) to Buy from Hold with a price target of $35. The analyst cites the company's loss of its biggest distributor AT&T (T) having been de-risked which, he believes, raises the likelihood of a Viacom merger with CBS (CBS). Gould adds that despite the renewed distribution deal with AT&T, investors can accumulate shares at a lower price than a few weeks ago, resulting in a "positive risk-reward" for Viacom.
03/29/19
03/29/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) upgraded to Market Perform from Underperform at Raymond James with analyst David Long saying the retirement of CEO Tim Sloan removes a "headwind." 2. Viacom (VIA, VIAB) upgraded to Buy from Hold at Loop Capital with analyst Alan Gould citing the company's loss of its biggest distributor AT&T (T) having been de-risked which, he believes, raises the likelihood of a Viacom merger with CBS (CBS). 3. F5 Networks (FFIV) upgraded to Neutral from Underweight at Piper Jaffray with analyst James Fish saying after underperforming the tech sector and the market over the last six months by ~20%, some of the main downside share catalysts have played out. 4. Mosaic (MOS) upgraded to Neutral from Underperform at Credit Suisse with analyst Chris Parkinson citing modest downside to Chinese cash operating costs, lower immediate-term ammonia and sulfur costs, evidence of near-term volume discipline, the emphasis on long-term cost reduction programs and balance sheet stability. 5. KeyCorp (KEY) upgraded to Neutral from Reduce at Nomura Instinet with analyst Bill Carcache saying he believes the shares are near a fair 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.
04/01/19
BNCH
04/01/19
NO CHANGE
Target $18
BNCH
Buy
Chicken Soup may now be one of hottest small properties in media, says Benchmark
Benchmark analyst Daniel Kurnos said Chicken Soup for the Soul (CSSE) "shocked" by announcing a joint venture with Sony (SNE) and "may have just become one of the hottest small properties in the media landscape" in the process. Kurnos believes that the new Crackle Plus will top Pluto TV from a content, monthly average user and total registered user standpoint, noting that Pluto was just sold to Viacom (VIAB) for $340M. Following the JV announcement, the analyst raised his price target on Chicken Soup shares to $18 from $16 and keeps a Buy rating on the stock.

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AAPL

Apple

$207.10

-0.4 (-0.19%)

08:34
04/25/19
04/25
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08:34
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Apple announces recall of AC wall plug adapters designed for travel »

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LULU

Lululemon

$178.33

1.5 (0.85%)

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FRBK

Republic First Bancorp

$5.38

-0.03 (-0.55%)

08:34
04/25/19
04/25
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08:34
Earnings
Republic First Bancorp reports Q1 EPS 1c, two estimates 4c »

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FBHS

Fortune Brands

$49.89

0.53 (1.07%)

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General news
Jobless Claims data reported »

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TV

Televisa

$10.29

-0.25 (-2.37%)

08:33
04/25/19
04/25
08:33
04/25/19
08:33
Conference/Events
Televisa management to meet with Evercore ISI »

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LUV

Southwest

$52.92

0.11 (0.21%)

08:33
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04/25
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08:33
Hot Stocks
Southwest expects Q2 ASMs to decrease 2%-3% »

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PYPL

PayPal

$107.18

0.27 (0.25%)

08:30
04/25/19
04/25
08:30
04/25/19
08:30
Recommendations
PayPal analyst commentary at RBC Capital »

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LUV

Southwest

$52.92

0.11 (0.21%)

08:30
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08:30
Hot Stocks
Southwest sees FY19 CapEx $1.9B-$2B »

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JMIA

Jumia Technologies

$37.15

1.18 (3.28%)

, PINS

Pinterest

$26.80

0.99 (3.84%)

08:30
04/25/19
04/25
08:30
04/25/19
08:30
Options
Three new option listings and one option delisting on April 25th »

New option listings for…

JMIA

Jumia Technologies

$37.15

1.18 (3.28%)

PINS

Pinterest

$26.80

0.99 (3.84%)

ZM

Zoom Video

$63.32

-5.735 (-8.31%)

USG

USG

$43.49

(0.00%)

03/08/13
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03/06/13
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03/06/13
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SLAB

Silicon Labs

$110.04

16.41 (17.53%)

08:29
04/25/19
04/25
08:29
04/25/19
08:29
Recommendations
Silicon Labs analyst commentary at Roth Capital »

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PFE

Pfizer

$39.39

-0.02 (-0.05%)

08:29
04/25/19
04/25
08:29
04/25/19
08:29
Conference/Events
Pfizer management to meet with Evercore ISI »

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LUV

Southwest

$52.92

0.11 (0.21%)

08:29
04/25/19
04/25
08:29
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08:29
Hot Stocks
Southwest sees FY19 CASM ex-fuel up 5.5%-6.5% »

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LUV

Southwest

$52.92

0.11 (0.21%)

08:28
04/25/19
04/25
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08:28
Hot Stocks
Southwest sees Q2 CASM ex-fuel up 10.5%-12.5% »

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APD

Air Products

$199.50

2.83 (1.44%)

08:27
04/25/19
04/25
08:27
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08:27
Downgrade
Air Products rating change  »

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MKTX

MarketAxess

$264.37

1.77 (0.67%)

08:27
04/25/19
04/25
08:27
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08:27
Conference/Events
MarketAxess management to meet with William Blair »

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LTXB

LegacyTexas Financial

$38.05

-3.13 (-7.60%)

08:26
04/25/19
04/25
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08:26
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LegacyTexas Financial rating change  »

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LUV

Southwest

$52.92

0.11 (0.21%)

08:26
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08:26
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Southwest sees Q2 fuel efficiency flat to down 1% »

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LUV

Southwest

$52.92

0.11 (0.21%)

08:25
04/25/19
04/25
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Hot Stocks
Southwest expects Q2 RASM to increase 5.5%-7.5% »

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YNDX

Yandex

$37.61

-0.17 (-0.45%)

08:24
04/25/19
04/25
08:24
04/25/19
08:24
Earnings
Yandex sees FY19 ruble-based revenues excluding Yandex Market up 30%-34% »

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  • 25

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YNDX

Yandex

$37.61

-0.17 (-0.45%)

08:23
04/25/19
04/25
08:23
04/25/19
08:23
Earnings
Yandex reports Q1 EPS 16c, consensus 26c »

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  • 25

    Apr

LEN

Lennar

$52.63

0.17 (0.32%)

08:23
04/25/19
04/25
08:23
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08:23
Conference/Events
Lennar management to meet with KeyBanc »

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  • 02

    May

ASPS

Altisource

$23.68

-0.08 (-0.34%)

08:22
04/25/19
04/25
08:22
04/25/19
08:22
Earnings
Altisource reports Q1 adjusted EPS 48c vs. 48c a year ago »

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  • 25

    Apr

FB

Facebook

$182.64

-1.13 (-0.61%)

08:21
04/25/19
04/25
08:21
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08:21
Recommendations
Facebook analyst commentary at Wedbush »

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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
04/25/19
04/25
08:21
04/25/19
08:21
Technical Analysis
DJ Transportation Average: Pivot points »

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