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ATVI

Activision Blizzard

$45.16

-0.59 (-1.29%)

, EA

Electronic Arts

$93.72

-4.13 (-4.22%)

12:52
04/16/19
04/16
12:52
04/16/19
12:52

Sony 'PS5' details largely in line with expectations, says Baird

After Sony (SNE) shared details around its upcoming next-generation game console, widely referred to as the "PlayStation 5," Baird analyst Colin Sebastian said the details - including plans for significant GPU and CPU upgrades and the inclusion of a solid state hard drive - are largely in line with his expectations and support his view that the next generation of consoles should be "a major catalyst" for software sales in 2020-2021 and beyond. Sony's announcement that the next-gen console will include a physical disc drive is a potential positive for GameStop's (GME) used and pre-owned console software segments, added Sebastian. Video game software makers include Electronic Arts (EA), Take-Two (TTWO) and Activision Blizzard (ATVI).

ATVI

Activision Blizzard

$45.16

-0.59 (-1.29%)

EA

Electronic Arts

$93.72

-4.13 (-4.22%)

TTWO

Take-Two

$90.36

-2.29 (-2.47%)

SNE

Sony

$47.95

0.64 (1.35%)

GME

GameStop

$9.07

0.13 (1.45%)

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    Nov

ATVI Activision Blizzard
$45.16

-0.59 (-1.29%)

04/12/19
BUCK
04/12/19
INITIATION
BUCK
Neutral
Activision Blizzard initiated with a Neutral at Buckingham
04/01/19
WEDB
04/01/19
NO CHANGE
Target $56
WEDB
Outperform
Activision Blizzard added to Best Ideas List at Wedbush
Wedbush added Activision Blizzard to its Best Ideas List, saying it is well positioned to deliver significant outperformance in 2019 and outsized growth in 2020. A flattish performance for Call of Duty units, King outperformance, and mobile strength could drive FY19 EPS closer to $2.40, well above guidance of $2.10, before taking into account Call of Duty on mobile in China and a new Call of Duty esports league, the firm contends, adding that a $3 EPS figure in 2020 is possible from multiple call options, with the shares worth $60 on that potential scenario. Wedbush analyst Michael Pachter has an Outperform rating and $56 price target on the stock.
EA Electronic Arts
$93.72

-4.13 (-4.22%)

04/16/19
JEFF
04/16/19
NO CHANGE
Target $90
JEFF
Hold
EA's Jedi looks like smaller, less profitable title, says Jefferies
Jefferies analyst Timothy O'Shea believes Electronic Arts' holiday title Star Wars Jedi: Fallen Order "looks like a smaller, less profitable title." While the game has a positive online sentiment score of 66, Jedi was developed using Unreal Engine, meaning Electronic Arts has to pay a 5% revenue share to Fortnite's developer Epic, O'Shea tells investors in a research note. This is the second straight EA game not built using the company's Frostbite engine, the analyst points out. If more EA studios eschew Frostbite going forward, it could pressure the company's profitability, he says. O'Shea keeps a Hold rating on Electronic Arts with a $95 price target.
04/11/19
SPHN
04/11/19
NO CHANGE
Target $120
SPHN
Overweight
EA's latest Star Wars game has upside potential, says Stephens
Stephens analyst Jeff Cohen noted that Electronic Arts plans to reveal its latest Star Wars game, "Star Wars Jedi: Fallen Order," on April 13. He believes Respawn is "finally" making the type of single-player, story-driven Star Wars game that fans have been waiting for and thinks the game has the potential to sell double-digit million units if the studio "can execute on its vision, without falling victim to some of EA's prior missteps." Cohen, who sees the game having room for upside to consensus expectations, keeps an Overweight rating and $120 price target on EA shares.
04/08/19
RHCO
04/08/19
NO CHANGE
Target $107
RHCO
Buy
Apex Legends survey positive for Electronic Arts, says SunTrust
SunTrust analyst Matthew Thornton kept his Buy rating and $107 price target on Electronic Arts, saying his latest survey data contained positive findings for Apex Legends in relation to user spending intentions and spending per player. The analyst also maintains that the company's initial FY20 guidance will be "more conservative", even though his price target is "very comfortable" as it implies a forward earnings multiple of 21.5-times - in-line with the 5-year average for the stock. Thornton further points to Electronic Arts' next release of Star Wars Jedi Fallen Order on April 13th and the next SuperData Apex estimate on April 20th as potential catalysts.
TTWO Take-Two
$90.36

-2.29 (-2.47%)

04/15/19
PIPR
04/15/19
NO CHANGE
PIPR
Piper's 'TwitchAdviser' Q1 analysis most positive for Electronic Arts
Piper Jaffray analyst Michael Olson says his firm's Q1 "TwitchAdviser," an analysis of video game viewing data, is most favorable for Electronic Arts (EA), with additional positive takeaways for Take-Two (TTWO) and Activision Blizzard (ATVI). Electronic Arts' Apex Legends "made the biggest splash," debuting in February at the top of the chart, and driving the company's Twitch viewership up 281% quarter-over-quarter, Olson tells investors in a research note. Take-Two viewing increased 38% quarter-over-quarter while Activision viewership fell 22%, adds the analyst. Further, while Fortnite remains at the top of the chart for the March quarter, the game's "stranglehold on the top spot may be loosening," he claims. Olson keeps Overweight ratings on all three stocks.
03/26/19
MSCO
03/26/19
NO CHANGE
MSCO
Apple Arcade doesn't pose major threat to game makers, says Morgan Stanley
After Apple (AAPL) announced Arcade, a subscription service for mobile games, Morgan Stanley Brian Nowak said the service does not currently pose a major competitive threat to large game publishers Activision Blizzard (ATVI), Electronic Arts (EA) or Take-Two (TTWO). Apple's service doesn't include AAA quality content substitutable for their key franchises and didn't disclose plans to create its own first-party content, noted Nowak, who said that Apple could potentially be a direct competitor to mobile-focused Zynga (ZNGA). However, the overlap is limited by the fact that Zynga focuses exclusively on free-to-play, Nowak added.
03/26/19
SPHN
03/26/19
NO CHANGE
Target $110
SPHN
Overweight
Take-Two potential with Borderlands 3 may be overlooked, says Stephens
Stephens analyst Jeff Cohen said it is widely expected that Gearbox Software will reveal Borderlands 3 when the company present at PAX East in Boston on Thursday. While he believes Red Dead Online will likely drive Take-Two's near-term stock performance, Cohen also thinks the potential of Borderlands 3 may be overlooked by some investors. While there has been some fan backlash to the exclusive strategy for the Epic Games Store, Cohen also said there is a strong monetary incentive to launch Borderlands 3 exclusively on Epic. He maintains an Overweight rating and $110 price target on Take-Two shares.
04/04/19
STFL
04/04/19
NO CHANGE
STFL
Stifel slightly more negative after tracking consumer interest for video games
Citing his monthly analysis tracking consumer interest for video games on various web sites and services, Stifel analyst Drew Crum says he slightly more negative. Regarding Activision Blizzard (ATVI), the analyst notes that lower results for Call of Duty more than offset healthy sales of Sekiro, while for Electronic Arts (EA) Apex Legends engagement metrics were mixed, though overall momentum appeared to slow month over month. Regarding Take-Two (TTWO), Red Dead Redemption 2 drove year over year increases for the company, but experienced sequential declines following a price cut in February, he contended.
SNE Sony
$47.95

0.64 (1.35%)

04/15/19
04/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Neutral from Sell at BTIG with analyst Richard Greenfield saying the rating change was prompted more by the commentary from CEO Bob Iger on CNBC than by the company's investor day presentation unveiling Disney+. 2. Western Digital (WDC) upgraded to Buy from Neutral at Longbow with analyst Nikolay Todorov saying NAND fundamentals are bottoming and "there is a line of sight to cyclical recovery." 3. Dow Inc. (DOW), Huntsman (HUN), LyondellBasell (LYB), and Eastman Chemical (EMN) upgraded to Buy from Neutral at Nomura Instinet, while Olin (OLN) and Westlake Chemical (WLK) were upgraded to Neutral from Reduce. 4. Waste Management (WM) upgraded to Buy from Hold at Stifel with analyst Michael Hoffman saying even with potential divestitures to get the deal approved, adding Advanced Disposal "dramatically lowers" Waste Management's cost of capital, reduces capital spending, converts more of the fleet to CNG, and stimulates tuck-in activity that should all drive sustainable free cash flow growth. 5. Sony (SNE) upgraded to Buy from Hold at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/15/19
JEFF
04/15/19
UPGRADE
Target $58
JEFF
Buy
Jefferies takes Sony back to Buy with $58 target amid activist pressure
Jefferies analyst Atul Goyal upgraded Sony to Buy from Hold and raised his price target for the shares to $58 from $50.70. The analyst just a few weeks ago on March 20 downgraded the shares to Hold from Buy. Pressure is mounting on Sony to exit its loss-making Smartphone business, Goyal tells investors in a research note. After removing the business from his sum-of-the-parts analysis, the analyst sees 20% upside in the stock. Further, Goyal thinks downside in Sony shares is limited with the presence of activists. The stock in early trading is up 18c to $47.17.
04/15/19
JEFF
04/15/19
UPGRADE
JEFF
Buy
Sony upgraded to Buy from Hold at Jefferies
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.
GME GameStop
$9.07

0.13 (1.45%)

04/03/19
BARD
04/03/19
NO CHANGE
Target $11
BARD
Neutral
GameStop outlooks 'warrant ongoing caution,' says Baird
GameStop reported Q4 results below expectations, driven by weakness in pre-owned revenue and margins consistent with the holiday sales report, Baird analyst Colin Sebastian tells investors in a research note titled "Turnaround Plan Still Under Wraps; Lowering Estimates." Despite a "deep value opportunity" in the shares, GameStop's "cloudy" near-term and longer-term outlooks "warrant ongoing caution," adds the analyst. He lowered his price target for the shares to $11 from $12 and keeps a Neutral rating on the name. Sebastian, however, is encouraged by GameStop's "more flexible" capital allocation strategy and expected focus of the new CEO on operational efficiency.
03/05/19
LOOP
03/05/19
NO CHANGE
Target $12
LOOP
Hold
GameStop capital allocation encouraging, does not change view, say Loop Capital
Loop Capital analyst Anthony Chukumba kept his Hold rating and $12 price target on GameStop, saying that while its new $300M stock buyback program and maintained dividend of 38c per share are "encouraging" in demonstrating the management's guidance in future prospects, they do not change his outlook materially. The analyst maintains that the company's "core video game business in continued secular decline" and that he continues to await "concrete signs of stabilization" in its financials.
03/08/19
BOFA
03/08/19
DOWNGRADE
Target $9
BOFA
Underperform
GameStop downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Curtis Nagle downgraded GameStop to Underperform from Neutral and lowered its price target to $9 from $12 based on expectations for a deterioration in fundamentals. Nagle said structural headwinds appear to be worsening, the turnaround opportunity is diminishing without permanent leadership and declining earnings, and valuation is being pressured after the company terminated efforts to sell the company in January.
03/08/19
03/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Neutral from Buy at Buckingham with analyst Matthew Harrigan 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. 2. GameStop (GME) downgraded to Underperform from Neutral at BofA/Merrill with analyst Curtis Nagle citing expectations for a deterioration in fundamentals. 3. Exxon Mobil (XOM) downgraded to Market Perform from Outperform at Cowen with analyst Jason Gabelman saying the company is shifting to a counter-cyclical investment stage, which may pay dividends long-term but he does not believe investors are willing to wait for results. 4. Etsy (ETSY) downgraded to Neutral from Buy at BTIG with analyst Marvin Fong saying the current stock price embeds a "fair amount of future improvement," which yields a risk/reward that is balanced. 5. National Beverage (FIZZ) downgraded to Sell from Neutral at Guggenheim with analyst Laurent Grandet saying he "drastically reduced" his LaCroix sales growth expectations and cut his gross margin and EPS estimates accordingly following the company's quarterly report. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

17:04
04/19/19
04/19
17:04
04/19/19
17:04
Conference/Events
Charles Schwab to hold a webcast »

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12:45
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General news
Breaking General news story  »

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MMNFF

MedMen

$0.00

(0.00%)

11:13
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Hot Stocks
MedMen announces resignations of COO and General Counsel »

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TKC

Turkcell

$5.49

-0.175 (-3.09%)

11:08
04/19/19
04/19
11:08
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Hot Stocks
Turkcell sees conclusion of $4.2B lawsuit against MTN this year »

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FCCY

1st Constitution Bancorp

$18.07

-0.14 (-0.77%)

11:05
04/19/19
04/19
11:05
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11:05
Earnings
1st Constitution Bancorp reports Q1 EPS 39c, two estimates 36c »

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QUMU

Qumu

$2.83

-0.035 (-1.22%)

11:03
04/19/19
04/19
11:03
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11:03
Hot Stocks
Qumu announces death of director Thomas Madison »

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  • 01

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  • 09

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FAT

Fat Brands

$5.15

0.065 (1.28%)

10:54
04/19/19
04/19
10:54
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10:54
Hot Stocks
Fat Brands announces development of Fatburger concept in Albuquerque »

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HRTG

Heritage Insurance

$14.32

0.25 (1.78%)

10:52
04/19/19
04/19
10:52
04/19/19
10:52
Hot Stocks
Heritage Insurance announces preliminary Q1 catastrophe losses of $15.4M »

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  • 01

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COTY

Coty

$11.27

0.02 (0.18%)

10:48
04/19/19
04/19
10:48
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10:48
Hot Stocks
Coty notes extension of tender offer by affiliate of JAB Holding Company »

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NTES

NetEase

$265.88

-2.34 (-0.87%)

10:45
04/19/19
04/19
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NetEase announces music license agreement with Nippon Columbia »

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09:10
04/19/19
04/19
09:10
04/19/19
09:10
General news
Today's U.S. housing report revealed March declines »

Today's U.S. housing…

08:45
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General news
U.S. housing starts fell 0.3% to 1.139 M in March »

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08:15
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General news
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NDEKY

Nitto Denko

$0.00

(0.00%)

06:53
04/19/19
04/19
06:53
04/19/19
06:53
Downgrade
Nitto Denko rating change at Goldman Sachs »

Nitto Denko downgraded to…

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CURO

Curo Group

$10.96

0.16 (1.48%)

04:55
04/19/19
04/19
04:55
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04:55
Conference/Events
Curo Group management to meet with Jefferies »

Meeting to be held in…

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04:55
04/19/19
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04:55
General news
Breaking General news story  »

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04:55
General news
Housing Starts Permits to be reported at 08:30 »

March Housing Starts…

AON

Aon plc

$175.38

-0.14 (-0.08%)

, MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

04:55
04/19/19
04/19
04:55
04/19/19
04:55
Conference/Events
Willis Towers Watson »

Analyst Klauber holds a…

AON

Aon plc

$175.38

-0.14 (-0.08%)

MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

WLTW

Willis Towers Watson

$177.37

0.45 (0.25%)

03/08/13
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03/06/13
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04:55
04/19/19
04/19
04:55
04/19/19
04:55
General news
Housing Starts to be reported at 08:30 »

March Housing Starts will…

ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

21:07
04/18/19
04/18
21:07
04/18/19
21:07
Recommendations
Intuitive Surgical analyst commentary at Piper Jaffray »

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UBER

Uber

$0.00

(0.00%)

, TM

Toyota

$125.10

0.93 (0.75%)

20:35
04/18/19
04/18
20:35
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20:35
Hot Stocks
Uber confirms investment from Toyota, DENSO and SoftBank Vision Fund »

Toyota Motor (TM), Denso…

UBER

Uber

$0.00

(0.00%)

TM

Toyota

$125.10

0.93 (0.75%)

DNZOY

Denso

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

03/08/13
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  • 05

    Jun

FIX

Comfort Systems USA

$57.58

0.06 (0.10%)

20:08
04/18/19
04/18
20:08
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20:08
Hot Stocks
Comfort Systems USA discloses ransomware attack virus »

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  • 05

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  • 13

    Jun

NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

19:29
04/18/19
04/18
19:29
04/18/19
19:29
Periodicals
Nissan to cut global output by 15% in FY19/20, Nikkei reports »

Nissan Motor (NSANY) will…

NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

(0.00%)

03/08/13
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