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NFLX

Netflix

$351.14

-16.64 (-4.52%)

, DIS

Disney

$130.03

13.4 (11.49%)

08:17
04/15/19
04/15
08:17
04/15/19
08:17

Netflix reaction to Disney+ unveiling overdone, says Stifel

Noting that Disney (DIS) shares rose by 11% and Netflix (NFLX) shares declined by 4% on Friday following the former's unveiling of details for its Disney+ streaming service, Stifel analyst Scott Devitt said he thinks the reaction in Netflix shares was overdone. Netflix will be outspending Disney by six times on content in 2020 and still be outspending Disney by four times on content by 2024, Devitt tells investors. The analyst, who thinks investors have spent too much time "debating who will win/lose among the winners instead of focusing more time on separating winners from losers in the category," keeps a Buy rating and $400 price target on Netflix shares.

NFLX

Netflix

$351.14

-16.64 (-4.52%)

DIS

Disney

$130.03

13.4 (11.49%)

  • 16

    Apr

  • 08

    May

NFLX Netflix
$351.14

-16.64 (-4.52%)

04/11/19
KEYB
04/11/19
NO CHANGE
KEYB
Sector Weight
Netflix Q1 earnings, Q2 outlook should remain 'solid,' says KeyBanc
KeyBanc analyst Andy Hargreaves expects Netflix's Q1 results to be at least in line with consensus, and guidance for Q2 global paid net adds ahead of the sell-side consensus of 5.7M. The analyst reiterates a Sector Weight rating on the shares.
04/12/19
RHCO
04/12/19
NO CHANGE
RHCO
Disney+ not a 'strong alternative' to Netflix, says SunTrust
SunTrust analyst Matthew Thornton keeps his Buy rating on Netflix (NFLX) after Disney's (DIS) Disney+ investor day presentation, saying that while he continues to view the platform posing incremental competition for new subscriber adds, he expects it to be "manageable". The analyst notes that the Disney+ event contained "no big surprises in terms of pricing, timing, availability, and content", adding that the accelerated cord-cutting from the launch should also be positive for Netflix, which offers a "much broader range of content". Thornton further states that Disney+ should be a "modest incremental positive" for his Buy-rated Roku (ROKU) as it will be available for sale on its platform given its "potential for direct monetization."
04/12/19
MSCO
04/12/19
NO CHANGE
Target $135
MSCO
Overweight
Morgan Stanley says Disney+ sub outlook, profitability path better than expected
Morgan Stanley analyst Benjamin Swinburne said Disney's (DIS) target for 60M-90M Disney+ subscribers by year-end 2024 was well above his prior 30M subscriber expectation and that the company's guidance for roughly 110M-160M subscriptions for its three major OTT subscription services by 2024 was also well ahead of his forecast for just over 90M. Profitability by FY24 is also earlier than his expectations, noted Swinburne, who believes Disney's expected timeline for DTC profitability has positive implications for long-term EPS. While there may be short-term pressure on Netflix (NFLX) following the Disney investor day, Swinburne advises investors use any selloff as a buying opportunity, citing his view that Netflix will still be offering greater breadth and volume of content. The analyst keeps Overweight ratings on Disney and Netflix shares.
04/15/19
RHCO
04/15/19
NO CHANGE
Target $402
RHCO
Buy
Netflix monthly tracker points to modest Q1 upside, says SunTrust
SunTrust analyst Matthew Thornton kept his Buy rating and $402 price target on Netflix ahead of its earnings tomorrow, saying his proprietary tracker for subscriber adds indicates Q1 coming in-line domestically with a modest upside internationally. For Q2, the analyst sees consensus domestically being a "high hurdle" for his tracker and a low hurdle internationally. Thornton adds that his Content Tracker for Netflix "was up nicely" in Q1 while valuation shows the stock trading well off the highs based on sales and EBITDA multiples relative to the S&P500.
DIS Disney
$130.03

13.4 (11.49%)

04/12/19
RBCM
04/12/19
NO CHANGE
Target $140
RBCM
Top Pick
Disney+ content, ARPU 'compelling', says RBC Capital
RBC Capital analyst Steven Cahall kept his Top Pick rating and $140 price target on Disney after its Investor Day, saying the presentation "exceeded expectations and should turn sentiment bullish." The analyst sees Disney+ content and expectations of average revenue per user as "compelling" while noting that the guidance for subscribers was "significantly higher" than expected. Cahall believes that Disney stock can rise above $130 "in short order" and extend gains to $140 within the next 12 months.
04/12/19
04/12/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Redfin (RDFN) initiated with an Outperform at Wedbush. 2. Autodesk (ADSK) initiated with a Buy at Mizuho. 3. Upwork (UPWK) initiated with a Buy at BTIG. 4. Otter Tail (OTTR) initiated with a Buy at Maxim. 5. Disney (DIS) reinstated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/15/19
IMPC
04/15/19
NO CHANGE
Target $139
IMPC
Outperform
Disney price target raised to $139 from $129 at Imperial Capital
Imperial Capital analyst David Miller raised his price target for Walt Disney to $139 from $129 and maintains an Outperform rating on the shares. The stock closed Friday up 11.5%, or $13.46, to $130.06. Once the Street becomes more aware of the Disney's fiscal 2020 film slate, all three over-the-top streaming services being rolled out, both Star Wars lands being up and running, and its share buybacks resume, there's no reason why the stock cannot re-establish a trading multiple in the high-teens, Miller tells investors in a research note. Specifically, he sees the stock reaching 18 times his fiscal 2021 pro forma earnings per share estimate of $7.70.

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XOM

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TSN

Tyson Foods

$82.50

-0.48 (-0.58%)

, MCD

McDonald's

$199.20

-0.71 (-0.36%)

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Meat prices set to climb amid swine fever, WSJ reports »

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Tyson Foods

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MCD

McDonald's

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SPX

S&P 500

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, SPY

SPDR S&P 500 ETF Trust

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SPDR S&P 500 ETF Trust

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DB

Deutsche Bank

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MDCO

The Medicines Co.

$33.01

-0.19 (-0.57%)

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ACAD

Acadia

$24.97

-0.69 (-2.69%)

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PINS

Pinterest

$26.69

0.68 (2.61%)

08:37
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Pinterest committed 'cardinal sin' for newly public company, Barron's says »

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KSHB

KushCo Holdings

$0.00

(0.00%)

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Pot paraphernalia companies taking hit from tariffs, Barron's says »

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JWN

Nordstrom

$37.09

0.16 (0.43%)

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NTDOY

Nintendo

$0.00

(0.00%)

, TTWO

Take-Two

$106.76

-0.81 (-0.75%)

08:10
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Take-Two 'winning the game,' Barron's says »

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NTDOY

Nintendo

$0.00

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TTWO

Take-Two

$106.76

-0.81 (-0.75%)

DIS

Disney

$135.04

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TPR

Tapestry

$30.78

-0.56 (-1.79%)

, REGN

Regeneron

$304.81

-4.69 (-1.52%)

08:01
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TPR

Tapestry

$30.78

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REGN

Regeneron

$304.81

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SCHW

Charles Schwab

$43.21

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BWA

BorgWarner

$36.27

-0.375 (-1.02%)

AMAT

Applied Materials

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MT

ArcelorMittal

$16.37

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, CLF

Cleveland-Cliffs

$10.02

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ArcelorMittal

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Cleveland-Cliffs

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SCHN

Schnitzer Steel

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BRSS

Global Brass and Copper

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LXFR

Luxfer

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Materion

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Daimler AG

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Ford

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General Motors

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HMC

Honda

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Nissan

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TM

Toyota

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Volkswagen

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G-III Apparel

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MU

Micron

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Western Digital

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Coherent

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Veeco

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Apple

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WMT

Walmart

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Walmart EVP Furner sells 10K shares of common stock »

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XOM

Exxon Mobil

$75.91

-0.44 (-0.58%)

, REPYY

Repsol

$0.00

(0.00%)

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IEF

iShares 7-10 Year Treasury Bond ETF

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0.04 (0.04%)

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iShares 1-3 Year Treasury Bond

$84.15

0.02 (0.02%)

17:43
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General news
Weekly CFTC Commitment of Traders highlights »

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iShares 1-3 Year Treasury Bond

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SPY

SPDR S&P 500 ETF Trust

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iShares Silver Trust

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SPDR Gold Shares

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Euro Currency Trust

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$285.98

-1.87 (-0.65%)

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IMF's Lagarde: U.S.-China trade spat may be risk to global economy, Reuters says »

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HIG

Hartford Financial

$53.58

-0.02 (-0.04%)

17:34
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  • 11

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AFH

Atlas Financial

$0.91

0.0225 (2.53%)

17:33
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Atlas Financial receives filing delinquency notice from Nasdaq »

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WES

Western Gas Partners

$30.60

-0.155 (-0.50%)

17:29
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17:29
Syndicate
Breaking Syndicate news story on Western Gas Partners »

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BA

Boeing

$354.99

0.5 (0.14%)

17:24
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Hot Stocks
Boeing awarded $163.91M Navy contract modification »

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LMT

Lockheed Martin

$338.10

-2.39 (-0.70%)

17:18
05/17/19
05/17
17:18
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17:18
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Lockheed Martin subsidiary awarded $1.13B Navy contract modification »

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COTY

Coty

$13.50

0.25 (1.89%)

17:14
05/17/19
05/17
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17:14
Hot Stocks
Coty exec Pieraccioni acquires 93,100 common shares »

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