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FOX

Fox Corp.

$37.24

0.27 (0.73%)

, FOXA

Fox Corp.

$37.75

0.22 (0.59%)

19:09
04/16/19
04/16
19:09
04/16/19
19:09

James Murdoch in place to invest $1B in media entities, FT reports

James Murdoch is slated to invest roughly $1B from the proceeds of the sale of his interest in 21st Century Fox to put together a new portfolio of media entities that may include a liberal-leaning news outlet, the Financial Times reports, citing people close to the billionaire investor. People with direct knowledge of his plans said that Murdoch sought to distance himself from the conservative media outlets controlled by his father, Rupert Murdoch, but had yet to decide how exactly he would invest in the news media, the report says. Reference Link

FOX

Fox Corp.

$37.24

0.27 (0.73%)

FOXA

Fox Corp.

$37.75

0.22 (0.59%)

DIS

Disney

$130.15

-1.87 (-1.42%)

  • 08

    May

  • 09

    May

  • 09

    May

FOX Fox Corp.
$37.24

0.27 (0.73%)

03/25/19
RBCM
03/25/19
NO CHANGE
Target $41
RBCM
Sector Perform
Fox Corp price target raised to $41 after 21CF sale at RBC Capital
RBC Captial analyst Steven Cahall raised his price target on Fox Corp (FOX) to $41 to reflect the impact of its sale of 21st Century Fox to Disney (DIS) on its share count and per-share items. The analyst is keeping his Sector Perform rating however and maintains that his thesis on Fox Corp remains "somewhat cautious" because of its valuation relative to peers and some uncertainty about the company's capital allocation plans. Cahall says that unlike other more bullish sell-side analysts, he does not see the company's free cash flow per share tracking ahead of adjusted earnings, adding that its programming cost growth may also "remain elevated".
12/06/18
CHLM
12/06/18
INITIATION
Target $5
CHLM
Buy
Telaria initiated with a Buy at Craig-Hallum
Craig-Hallum analyst Jason Kreyer started coverage of Telaria (TLRA) with a Buy rating and $5 price target. The analyst notes that the company's partnerships with over-the-top streaming providers such as Hulu, Sling (DISH), Sony's (SNE) VUE, Fox (FOXA), A&E, and FuboTV generated about 20% of total revenue last year and he projects it will grow to nearly 60% by 2020. As consumers continue to pivot toward over-the-top subscriptions, Telaria benefits from its agnostic platform that partners with a variety of publishers to monetize video ad content, Kreyer contends.
01/24/19
SOCG
01/24/19
DOWNGRADE
SOCG
Sell
21st Century Fox downgraded to Sell from Hold at Societe Generale
02/06/19
MSCO
02/06/19
NO CHANGE
Target $135
MSCO
Overweight
Disney's ESPN+ has surprised with early sub growth, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne said in a note before the open that Disney's (DIS) Q1 results were broadly ahead of expectations. He said that ESPN+ has surprised him with its early sub growth ahead of "all eyes" being on the launch of Disney+ this fall and the consolidation of Hulu after the Fox (FOXA) deal closes. Additionally, the $150M drag on operating income for FY19 was lower than expected given fears over lost licensing revenues as Disney opts to keep much of its film and TV content in house, said Swinburne. He continues to see Disney shares offering compelling value and keeps an Overweight rating on the stock with a $135 price target.
FOXA Fox Corp.
$37.75

0.22 (0.59%)

04/09/19
04/09/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. First Merchants (FRME) initiated with an Outperform at Raymond James. 2. Focus Financial Partners (FOCS) initiated with an Outperform at Oppenheimer. 3.FIS (FIS) initiated with an Outperform at Keefe Bruyette while Fiserv (FISV) was initiated with a Market Perform. 4. Fox Corp. (FOXA) initiated with a Neutral at Citi. 5. KLA-Tencor (KLAC) reinstated with a Sell at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/09/19
SBSH
04/09/19
INITIATION
Target $40
SBSH
Neutral
Fox Corp. initiated with a Neutral at Citi
Citi analyst Jason Bazinet started Fox Corp. with a Neutral rating and $40 price target. The analyst thinks the company "did the right thing" by splitting into two but he prefers to wait for a better entry point. Consensus estimates for the new Fox may not fully reflect the new costs associated with its WWE rights while the NFL renewal in 2022 "could emerge as an overhang," Bazinet tells investors in a research note. Further, he believes Fox's advertising exposure is high "given the duration of the economic expansion."
04/10/19
BMOC
04/10/19
INITIATION
Target $37
BMOC
Market Perform
Fox Corp re-initiated with a Market Perform at BMO Capital
BMO Capital analyst Daniel Salmon re-initiated Fox Corp with a Market Perform rating and lowered his price target to $37 from $49 after the 21st Century Fox spin off, saying he likes the company's focus on sports and news with a revenue model "driven more by broadcast retransmission and affiliate fees." The analyst is also positive on the company's ramp up of direct-to-consumer programming with the launch of Fox Nation, but believes that valuation on the stock is full. Salmon adds that he is awaiting greater visibility into mid-term affiliate fee growth.
04/10/19
04/10/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with a Neutral at Nomura Instinet. 2. Community Healthcare (CHCT) initiated with an Outperform at Baird. 3. Community Bank System (CBU) initiated with an Equal Weight at Stephens. 4. Fox Corp re-initiated with a Market Perform at BMO Capital. 5. Wendy's (WEN) initiated with an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
DIS Disney
$130.15

-1.87 (-1.42%)

04/16/19
BMOC
04/16/19
NO CHANGE
Target $470
BMOC
Outperform
Netflix price target raised to $470 from $440 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Netflix (NFLX) to $470 and kept his Outperform rating ahead of its Q1 earnings today, saying he expects "strong results" from the company. The analyst bases his price target change on his rolled out estimates for 2021-2028 and believes that Netflix still has "room to grow" internationally - particularly in India and Japan - while improving its per subscriber leverage on content spend and generating "steady growth of its consumer product licensing revenues." Salmon also believes that while Netflix remains the clear leader in global streaming, Amazon (AMZN) and Disney (DIS) can also be "long-term winners" in the sector.
04/16/19
JPMS
04/16/19
NO CHANGE
JPMS
Overweight
Netflix Q1 earnings bar likely lowered amid Disney fears, says JPMorgan
Netflix (NFLX) shares are down 5% since the Disney (DIS) streaming service reveal last week, JPMorgan analyst Doug Anmuth tells investors in a research note. This likely reflects a potential overhang from not being able to disprove the Disney risk until late 2019/early 2020, Disney's initial $6.99 per month price point and "strong enthusiasm" on Disney's content and management's tone around being "all in" on streaming, says Anmuth. The analyst expects Disney+ will likely be the most competitive streaming offering to Netflix, but he does not view it as a major threat to Netflix subscriber numbers given the company's "quality and quantity" of content. Further, given the "strong global secular shift" toward streaming, there is room for multiple companies to succeed, he contends. Anmuth continues to like Netflix shares into tonight's results as he believes the competitive fears will prove overdone. Netflix's first half of 2019 content slate is strong and performing well, and the Q1 earnings bar has likely come down over the past few days, says Anmuth. He keeps an Overweight rating on Netflix shares.
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
04/15/19
UPGRADE

Neutral
Disney upgraded to Neutral at BTIG on strategy shift
As previously reported, BTIG analyst Richard Greenfield upgraded Disney to Neutral from Sell, 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+. The analyst says he was initially inclined to keep his Sell rating given the overly "ambitious" 60M-90M 5-year subscriber target for the product, adding that while it is "nearly impossible to disprove a five-year projection for a service that has not even launched", he saw the $2.5B original content investment by 2024 as too small. Greenfield turned less negative on stock however after the company's CEO Iger signaled that the company is more aware of the need to "realize an even more dramatic shift in strategy" to a more consumer-driven model that will be required as its legacy businesses erode.

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NDEKY

Nitto Denko

$0.00

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06:53
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06:53
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CURO

Curo Group

$10.96

0.16 (1.48%)

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

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AON

Aon plc

$175.38

-0.14 (-0.08%)

, MMC

Marsh & McLennan

$93.76

-0.62 (-0.66%)

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WLTW

Willis Towers Watson

$177.37

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ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

21:07
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UBER

Uber

$0.00

(0.00%)

, TM

Toyota

$125.10

0.93 (0.75%)

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Uber

$0.00

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TM

Toyota

$125.10

0.93 (0.75%)

DNZOY

Denso

$0.00

(0.00%)

SFTBF

SoftBank

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FIX

Comfort Systems USA

$57.58

0.06 (0.10%)

20:08
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NSANY

Nissan

$0.00

(0.00%)

, RNSDF

Renault

$0.00

(0.00%)

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

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NSANY

Nissan

$0.00

(0.00%)

RNSDF

Renault

$0.00

(0.00%)

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FE

FirstEnergy

$40.51

0.28 (0.70%)

19:13
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04/18
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FirstEnergy CEO 'pleased' FES submitted revised disclosure statement »

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  • 24

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TSLA

Tesla

$273.25

2.13 (0.79%)

19:03
04/18/19
04/18
19:03
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19:03
Periodicals
Tesla CEO, SEC granted one more week to resolve tweet dispute, WSJ says »

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EXPO

Exponent

$56.39

0.23 (0.41%)

, AKRX

Akorn

$2.77

-0.16 (-5.46%)

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EXPO

Exponent

$56.39

0.23 (0.41%)

AKRX

Akorn

$2.77

-0.16 (-5.46%)

ZSAN

Zosano Pharma

$3.41

-0.11 (-3.13%)

FAST

Fastenal

$71.08

0.95 (1.35%)

APHA

Aphria

$7.65

-0.165 (-2.11%)

ISRG

Intuitive Surgical

$528.04

3.29 (0.63%)

PBCT

People's United

$17.12

-0.21 (-1.21%)

I

Intelsat

$19.48

0.235 (1.22%)

LLY

Eli Lilly

$115.20

-1.23 (-1.06%)

PFE

Pfizer

$39.37

-0.5 (-1.25%)

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FIVE

Five Below

$141.65

1.82 (1.30%)

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LBRT

Liberty Oilfield Services

$16.60

-0.59 (-3.43%)

18:39
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  • 23

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VNO

Vornado

$67.02

0.77 (1.16%)

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  • 30

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CHKP

Check Point

$120.01

-9.56 (-7.38%)

18:26
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  • 18

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CAG

Conagra Brands

$30.53

0.405 (1.34%)

18:11
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  • 18

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UNP

Union Pacific

$176.70

7.5 (4.43%)

17:52
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Periodicals
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SO

Southern Company

$51.95

-0.22 (-0.42%)

17:47
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TSLA

Tesla

$273.25

2.13 (0.79%)

17:46
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04/18
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17:46
Periodicals
Tesla CEO Musk, SEC ask for extension to settle tweet dispute, Reuters says »

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GLD

SPDR Gold Shares

$120.40

0.09 (0.07%)

17:44
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04/18
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Hot Stocks
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OSW

OneSpaWorld

$13.77

(0.00%)

17:37
04/18/19
04/18
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Breaking Syndicate news story on OneSpaWorld »

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

17:36
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Charles Schwab EVP Murtagh sells 23.2K shares of common stock »

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OSW

OneSpaWorld

$13.77

(0.00%)

17:36
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17:36
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17:36
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Breaking Syndicate news story on OneSpaWorld »

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