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SBGI

Sinclair Broadcast

$60.55

15.59 (34.68%)

08:40
05/07/19
05/07
08:40
05/07/19
08:40

Sinclair Broadcast price target doubled to $90 at Benchmark after RSN 'homerun'

Benchmark analyst Daniel Kurnos doubled his price target on Sinclair Broadcast (SBGI) shares to $90 from $45 after the company's "massively accretive, transformative acquisition" of 21 Fox regional sports networks from Disney (DIS). While some questions are still unanswered, Kurnos sees several reasons that Sinclair can keep moving significantly higher, including significant cash flow optionality through the RSNs, the fact that he thinks consensus for legacy Sinclair looks conservative through 2020 and his view that shares remain inexpensive. He keeps a Buy rating on Sinclair shares, which closed yesterday with an advance of 35% to $60.48.

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SBGI Sinclair Broadcast
$60.55

15.59 (34.68%)

05/06/19
RILY
05/06/19
UPGRADE
Target $57
RILY
Buy
Sinclair Broadcast upgraded to Buy from Neutral at B. Riley FBR
B. Riley FBR analyst Barton Crockett upgraded Sinclair Broadcast Group (SBGI) to Buy from Neutral and raised his price target for the shares to $57 from $46. The company's deal to acquire 21 regional sports networks from Disney (DIS) at valuation of $10.6B "looks like a home-run," Crockett tells investors in a research note.
05/06/19
05/06/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Sinclair Broadcast (SBGI) upgraded to Buy from Neutral at B. Riley FBR with analyst Barton Crockett saying yhe company's deal to acquire 21 regional sports networks from Disney (DIS) at valuation of $10.6B "looks like a home-run". 2. ImmunoGen (IMGN) upgraded to Buy from Neutral at H.C. Wainwright with analyst Debjit Chattopadhyay seeing 40% downside risk to the stock if the FDA does not consider mirvetuximab to be a clinically meaningful addition to the armametum against ovarian cancer versus a 145% upside potential. 3. Dish (DISH) upgraded to Neutral from Underperform at Credit Suisse with analyst Douglas Mitchelson saying he finds that risk/reward and potential catalysts across wireless and Pay TV are now in balance. 4. Post Holdings (POST) upgraded to Buy from Neutral at Goldman Sachs with analyst Jason English stating he views the recent pullback as a buying opportunity as he thinks transient headwinds were the reason results missed investor expectations in Q2. 5. Dentsply Sirona (XRAY) upgraded to Outperform from Market Perform at Barrington with analyst Michael Petusky saying the company's turnaround is "now on a firm, provable footing". This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/06/19
RILY
05/06/19
NO CHANGE
Target $70
RILY
Buy
Sinclair target raised for second time today at B. Riley, this time to $70
B. Riley FBR analyst Barton Crockett raised his price target for Sinclair Broadcast Group (SBGI) shares to $70 from $57 saying the company's acquisition of Disney's (DIS) regional sports networks is "much more" accretive than he first thought. The analyst this morning upgraded Sinclair to Buy from Neutral and raised his price target for the shares to $57 from $46. The stock in afternoon trading is up 32%, or $14.33, to $59.28.
05/07/19
EVER
05/07/19
UPGRADE
EVER
Outperform
Sinclair Broadcast upgraded to Outperform from In Line at Evercore ISI

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NEO

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GOLD

Barrick Gold

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SE

Sea Limited

$25.38

-0.42 (-1.63%)

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SE

Sea Limited

$25.38

-0.42 (-1.63%)

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SNE

Sony

$51.01

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OOMA

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$14.49

-0.45 (-3.01%)

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TREX

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CRMT

America's Car-Mart

$101.76

1.74 (1.74%)

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JCOM

j2 Global

$87.23

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18:25
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NVS

Novartis

$82.38

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EADSY

Airbus

$0.00

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AGRO

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GOOG

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HAIN

Hain Celestial

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NTDOY

Nintendo

$0.00

(0.00%)

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URBN

Urban Outfitters

$27.01

0.05 (0.19%)

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GLD

SPDR Gold Shares

$120.34

-0.31 (-0.26%)

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ASCMA

Ascent Capital

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TRS

TriMas

$30.33

0.39 (1.30%)

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TriMas VP Joshua Sherbin sells over $646K in company shares »

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