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EA

Electronic Arts

$92.23

-0.71 (-0.76%)

, SNE

Sony

$48.84

-0.16 (-0.33%)

11:02
05/07/19
05/07
11:02
05/07/19
11:02

Electronic Arts expands subscription service to Sony PlayStation 4

Electronic Arts (EA) announced that it is bringing EA Access to the Sony (SNE) PlayStation 4 system. Starting in July, players can sign-up for a monthly subscription, with an MSRP of $4.99, or an annual subscription, with an MSRP $29.99, through PlayStation Store. With the addition of the PlayStation 4 console to the already existing membership services on the Microsoft (MSFT) Xbox One and PC via Origin, EA said it "now offers its subscription services on more platforms than any other publisher."

EA

Electronic Arts

$92.23

-0.71 (-0.76%)

SNE

Sony

$48.84

-0.16 (-0.33%)

MSFT

Microsoft

$125.68

-0.84 (-0.66%)

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EA Electronic Arts
$92.23

-0.71 (-0.76%)

05/03/19
MKMP
05/03/19
DOWNGRADE
MKMP
Neutral
Electronic Arts downgraded to Neutral from Buy at MKM Partners
05/03/19
05/03/19
DOWNGRADE
Target $100

Neutral
Electronic Arts downgraded to Neutral at MKM Partners on valuation
As previously reported, MKM Partners analyst Eric Handler downgraded Electronic Arts to Neutral, saying the risk-reward on the stock appears to be "less compelling." The analyst is raising his price target to $100 from $92 and his FY20 EPS target to $4.36 from $4.02, but sees diminished potential from incremental drivers for FY20 given the "head fake" of early success for Apex Legends and indications of no recurrent revenue potential for Star Wars Jedi title. Handler also warns that Electronic Arts' mobile revenue could "decline double digits."
05/03/19
05/03/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Yeti (YETI) downgraded to Neutral from Buy at Goldman Sachs with analyst Alexandra Walvis saying the company's "strong" sales and brand momentum are now better understood by investors. 2. Electronic Arts (EA) downgraded to Neutral at MKM Partners on valuation with analyst Eric Handler saying the risk-reward on the stock appears to be "less compelling." 3. Cognizant (CTSH) downgraded to Market Perform from Outperform at William Blair, to Underweight from Neutral at JPMorgan, to Neutral from Buy at Goldman Sachs, to Perform from Outperform at Oppenheimer, to Sector Weight from Overweight at KeyBanc, to Neutral from Outperform at Wedbush and to Hold from Strong Buy at Needham after the company's earnings and guidance missed consensus estimates. 4. Target (TGT) downgraded to Market Perform from Outperform at Bernstein with analyst Brandon Fletcher saying he thinks Target's continued emphasis on growth over cost containment is a "less wise" stance at this point. 5. Achillion (ACHN) downgraded to Underweight from Equal Weight at Barclays with analyst Geoffrey Meacham seeing a lack of near- to mid-term catalysts that are capable of changing the story on the stock. 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
BUCK
05/06/19
NO CHANGE
Target $103
BUCK
Neutral
Electronic Arts selloff on Apex, China concerns 'unwarranted,' says Buckingham
Buckingham analyst Matthew Harrigan reiterates a Neutral rating and $103 price target on Electronic Arts. Nonetheless, the analyst would be opportunistic this week off what he feels was "unwarranted" negative price action on Friday from "very late" Apex Legends concerns and a likely reflexive China selloff on Monday, as well as uncertainty around earnings.
SNE Sony
$48.84

-0.16 (-0.33%)

04/23/19
MACQ
04/23/19
UPGRADE
MACQ
Outperform
Sony upgraded to Outperform from Neutral at Macquarie
04/24/19
04/24/19
INITIATION
Target $18

Buy
Chicken Soup for the Soul initiated with a Buy at Maxim
As previously reported, Maxim analyst Allen Klee initiated Chicken Soup for the Soul (CSSE) with a Buy rating and a price target of $18. The analyst expects the company's Crackle Plus online streaming joint venture with Sony (SNE) to double the company's revenues in 2019, making it "one of the largest players in the attractive advertising video-on-demand market." Klee also cites Chicken Soup for the Soul's "strong brands, accretive acquisitions, low risk TV production, and revenue streams from production/distribution/advertising", positioning the company for longer term growth. The analyst further cites the attractive valuation for the shares at 12-times his expected 2019 adjusted EBITDA.
04/23/19
04/23/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst James Faucette citing his view that the market has "not yet fully appreciated" the impact of the company's settlement with Apple (AAPL), which he thinks not only increases earnings substantially while also expanding the freedom with which Qualcomm can pursue new opportunities. 2. Kimberly-Clark (KMB) upgraded to Buy from Hold at Argus and to Outperform from Neutral at Macquarie. 3. Sanderson Farms (SAFM) upgraded to Neutral from Sell at Goldman Sachs with analyst Adam Samuelson saying African swine fever is upending the protein markets, Samuelson tells investors in a research note. 4. Visteon (VC) upgraded to Outperform from Neutral at Baird while Veoneer (VNE) was upgraded to Neutral from Underperform. 5. Sony (SNE) upgraded to Outperform from Neutral at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/16/19
BARD
04/16/19
NO CHANGE
BARD
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).
MSFT Microsoft
$125.68

-0.84 (-0.66%)

04/29/19
ARGS
04/29/19
NO CHANGE
Target $145
ARGS
Buy
Microsoft price target raised to $145 from $128 at Argus
Argus analyst Joseph Bonner raised his price target on Microsoft to $145 and kept his Buy rating, saying the company has "continued to show momentum with double-digit revenue and earnings growth" in Q3. The analyst is positive on the strategy by Microsoft CEO Nadella to pivot the company "toward high-value commercial and cloud application businesses" and away from its "missteps" in the handset market. Bonner also believes that Microsoft is "well positioned" for commercial revenue growth amid the accelerating enterprise digital transformation in the U.S. and overseas, raising his FY19 EPS outlook by 19c to $4.58 and FY20 by 31c to $5.01.
05/02/19
OPCO
05/02/19
NO CHANGE
Target $145
OPCO
Outperform
Conference to highlight Microsoft hybrid cloud position, says Oppenheimer
Oppenheimer analyst Tim Horan expects the Microsoft Build Developer Conference next week will highlight the company's "dominant" hybrid cloud position as improved Azure compute functionality and AI dominate the published agenda. The analyst notes that Microsoft is investing heavily in AI/IoT, which he views as important drivers of cloud demand over the next decade. He reiterates an Outperform rating and a $145 price target on the shares.
05/03/19
WBLR
05/03/19
NO CHANGE
WBLR
Outperform
Arista Networks earnings selloff a buying opportunity, says William Blair
William Blair analyst Jason Ader views the sharp pullback today in shares of Arista Networks (ANET) post the company's Q1 results as a buying opportunity. The delivered "solid" Q1 results, which were overshadowed by lighter revenue guidance for Q2 compared with consensus, Ader tells investors in a research note. Management specifically called out one major cloud titan, which the analyst speculates to be Microsoft (MSFT), unexpectedly putting most orders on hold in the second quarter. However, end-demand and Arista's competitive position remain strong in the cloud vertical, which bodes well for a snap-back in the second half of 2019, says Ader. He keeps an Outperform rating on Arista Networks shares.
04/25/19
FBCO
04/25/19
NO CHANGE
Target $145
FBCO
Outperform
Microsoft price target raised to $145 from $125 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Microsoft to $145 from $125, noting that overachievement in high-margin businesses and strong commercial bookings growth along with solid 2020 commentary were the highlights of the quarter. The analyst reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

OBLN

Obalon Therapeutics

$1.24

0.842 (211.56%)

17:41
05/22/19
05/22
17:41
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17:41
Hot Stocks
Obalon Therapeutics discloses resignation of CEO »

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GVA

Granite Construction

$41.37

-0.09 (-0.22%)

17:39
05/22/19
05/22
17:39
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17:39
Hot Stocks
Granite Construction acquires additional trenchless rehabilitation assets »

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  • 06

    Jun

NVCN

Neovasc

$0.48

-0.0023 (-0.48%)

17:36
05/22/19
05/22
17:36
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17:36
Hot Stocks
Neovasc discloses International Journal of Cardiology review of Neovasc Reducer »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$285.61

-0.89 (-0.31%)

17:36
05/22/19
05/22
17:36
05/22/19
17:36
Periodicals
Pentagon mulls request to send 5,000 U.S. troops to Middle East, Reuters says »

The U.S. Department of…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$285.61

-0.89 (-0.31%)

03/08/13
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POOL

Pool Corp.

$183.36

-0.52 (-0.28%)

17:35
05/22/19
05/22
17:35
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17:35
Hot Stocks
Pool Corp. Chairman John Stokely sells almost $2M in company shares »

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RTN

Raytheon

$180.57

-2.05 (-1.12%)

17:35
05/22/19
05/22
17:35
05/22/19
17:35
Hot Stocks
Raytheon awarded $151.47M Navy contract for AIM-9X missile sustainment »

Raytheon has been awarded…

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ESV

Ensco Rowan

$10.01

-0.365 (-3.52%)

17:31
05/22/19
05/22
17:31
05/22/19
17:31
Hot Stocks
Ensco Rowan says will not pay a regular quarterly cash dividend »

Ensco Rowan announced…

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AMGN

Amgen

$171.29

1.67 (0.98%)

, GILD

Gilead

$66.51

-0.01 (-0.02%)

17:30
05/22/19
05/22
17:30
05/22/19
17:30
Upgrade
Amgen, Gilead, Alexion, Vertex, BioMarin, Biogen, Regeneron rating change  »

Citi assumes coverage of…

AMGN

Amgen

$171.29

1.67 (0.98%)

GILD

Gilead

$66.51

-0.01 (-0.02%)

ALXN

Alexion

$127.47

-1.33 (-1.03%)

VRTX

Vertex

$172.37

3.22 (1.90%)

BMRN

BioMarin

$87.80

0.33 (0.38%)

BIIB

Biogen

$234.98

2.04 (0.88%)

REGN

Regeneron

$320.00

10.19 (3.29%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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    Jun

BBX

BBX Capital

$4.95

-0.06 (-1.20%)

, BXG

Bluegreen Vacations

$14.91

-0.2 (-1.32%)

17:24
05/22/19
05/22
17:24
05/22/19
17:24
Hot Stocks
BBX Capital says will not proceed with merger with Bluegreen Vacations »

BBX Capital (BBX)…

BBX

BBX Capital

$4.95

-0.06 (-1.20%)

BXG

Bluegreen Vacations

$14.91

-0.2 (-1.32%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 18

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    Jun

RTN

Raytheon

$180.57

-2.05 (-1.12%)

17:21
05/22/19
05/22
17:21
05/22/19
17:21
Hot Stocks
Raytheon awarded $234.64M Navy contract »

Raytheon has been awarded…

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  • 30

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WEX

Wex

$203.30

-1.56 (-0.76%)

17:20
05/22/19
05/22
17:20
05/22/19
17:20
Hot Stocks
Wex CEO sells 5K shares of common stock »

In a regulatory filing,…

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  • 28

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RTLR

Rattler Midstream

$0.00

(0.00%)

17:19
05/22/19
05/22
17:19
05/22/19
17:19
Syndicate
Rattler Midstream 38M share IPO priced at $17.50 »

The IPO was upsized to…

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  • 23

    May

GILD

Gilead

$66.51

-0.01 (-0.02%)

17:19
05/22/19
05/22
17:19
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17:19
Upgrade
Gilead rating change  »

Gilead upgraded to Buy…

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03/08/13
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  • 31

    May

SERV

ServiceMaster

$54.18

-0.1 (-0.18%)

17:18
05/22/19
05/22
17:18
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17:18
Hot Stocks
ServiceMaster director sells 8.5K shares of common stock »

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  • 05

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AMGN

Amgen

$171.29

1.67 (0.98%)

17:18
05/22/19
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17:18
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17:18
Upgrade
Amgen rating change  »

Amgen upgraded to Buy…

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  • 31

    May

SBLK

Star Bulk Carriers

$8.13

-0.13 (-1.57%)

17:17
05/22/19
05/22
17:17
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17:17
Earnings
Star Bulk Carriers reports Q1 EPS (9c), consensus (4c) »

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  • 23

    May

IBM

IBM

$136.34

-0.12 (-0.09%)

17:14
05/22/19
05/22
17:14
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17:14
Hot Stocks
IBM awarded $275M DMEA contract »

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  • 22

    May

AVP

Avon Products

$3.49

0.295 (9.23%)

17:09
05/22/19
05/22
17:09
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17:09
Hot Stocks
Avon Products jumps another 16% after Natura confirms deal »

Shares of Avon are up 56c…

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HSBC

HSBC

$41.72

0.02 (0.05%)

17:05
05/22/19
05/22
17:05
05/22/19
17:05
Upgrade
HSBC rating change  »

HSBC upgraded to Buy from…

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  • 03

    Jun

AVP

Avon Products

$3.49

0.295 (9.23%)

17:04
05/22/19
05/22
17:04
05/22/19
17:04
Hot Stocks
Natura confirms Avon Products deal with combined group's enterprise value $11B »

Natura &Co announces…

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SITE

SiteOne Landscape

$64.36

-2.095 (-3.15%)

17:02
05/22/19
05/22
17:02
05/22/19
17:02
Hot Stocks
SiteOne Landscape acquires Stone and Soil Depot in San Antonio »

SiteOne Landscape…

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  • 05

    Jun

  • 05

    Jun

RJF

Raymond James

$85.16

-0.64 (-0.75%)

16:53
05/22/19
05/22
16:53
05/22/19
16:53
Hot Stocks
Breaking Hot Stocks news story on Raymond James »

Raymond James reports…

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NTAP

NetApp

$67.08

-2.93 (-4.19%)

16:45
05/22/19
05/22
16:45
05/22/19
16:45
Hot Stocks
Breaking Hot Stocks news story on NetApp »

NetApp down 6% after Q4…

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  • 22

    May

  • 06

    Jun

  • 09

    Jul

YNDX

Yandex

$37.67

0.255 (0.68%)

16:43
05/22/19
05/22
16:43
05/22/19
16:43
Hot Stocks
Yandex appoints Tigran Khudaverdyan Deputy CEO »

Yandex announced the…

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PRTA

Prothena

$9.21

-0.31 (-3.26%)

16:39
05/22/19
05/22
16:39
05/22/19
16:39
Syndicate
Breaking Syndicate news story on Prothena »

Prothena files to sell…

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