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AAPL

Apple

$186.75

-10.47 (-5.31%)

, T

AT&T

$30.47

-0.16 (-0.52%)

13:04
05/13/19
05/13
13:04
05/13/19
13:04

Apple launches update that includes TV app with Apple Channels, CNBC reports

Apple (AAPL) has launched an update to iPhones, iPads and Apple TV that includes its new TV app with Apple Channels, CNBC's Toss Haselton reports. Apple TV Channels includes HBO (T), Showtime (CBS), Epix and Tastemade, while CBS All-Access and MTV Hits (VIAB) are expected to join the service later this year, according to the report. Channels is Apple's first big push, ahead of Apple TV+ which launches later this fall, into TV and creating new revenue streams from people who subscribe to premium networks inside its app. Reference Link

AAPL

Apple

$186.75

-10.47 (-5.31%)

T

AT&T

$30.47

-0.16 (-0.52%)

CBS.A

$48.50

(0.00%)

CBS

CBS

$47.39

-1.89 (-3.84%)

VIAB

Viacom

$28.14

-1.12 (-3.83%)

VIA

Viacom

$33.70

-0.97 (-2.80%)

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AAPL Apple
$186.75

-10.47 (-5.31%)

05/01/19
FBCO
05/01/19
NO CHANGE
Target $209
FBCO
Neutral
Apple iPhone likely bottomed, recovery will take time, says Credit Suisse
Credit Suisse analyst Matthew Cabral says that while "less bad" is a significant improvement from the rough start to the year, he reiterates a Neutral rating and a $209 price target on Apple shares as he sees a long road to recovery for iPhone with a 1 year jump in the net replacement cycle in 2019 and further extension ahead of 5G in the second half of 2020. Further, while the analyst recognizes the potential in the shift to Services, he does not think it is enough to move estimates meaningfully higher over the near- to medium-term, leaving upside for the stock more dependent on the multiple re-rating higher.
05/02/19
ADAM
05/02/19
NO CHANGE
Target $105
ADAM
Buy
Qualcomm price target raised to $105 from $89 at Canaccord
Canaccord analyst T. Michael Walkley reiterated a Buy rating on Qualcomm (QCOM) and raised his price target to $105 from $89 following the company's Q2 results, saying the Apple (AAPL) licensing agreement is stronger than expected and estimates Qualcomm will receive royalties of roughly $7.50 per iPhone or better than his previous $5 estimate. Walkley tells investors in a research note that he believes Huawei could settle soon now that Apple has settled and pay Qualcomm closer to its original agreement from 2014, and says a settlement and licensing deal with Huawei could serve as an additional catalyst for upside to estimates.
05/02/19
COWN
05/02/19
NO CHANGE
Target $100
COWN
Outperform
Qualcomm price target raised to $100 from $91 at Cowen
Cowen analyst Matthew Ramsay said Qualcomm's (QCOM) quarterly report had "lots of moving parts, as per usual," and that his initial reaction was negative. However, he said he came to feel "very good" about the Apple (AAPL) settlement and 5G average selling prices as he "dug into the details" of the report. He sees a meaningful earnings inflection in 2020 as he expects a Huawei settlement and 5G taking a material portion of what he expects to be a stabilized smartphone market. Ramsay raised his price target on Qualcomm shares to $100 from $91 and keeps an Outperform rating on the stock.
05/02/19
ARGS
05/02/19
NO CHANGE
Target $250
ARGS
Buy
Apple price target raised to $250 from $225 at Argus
Argus analyst Jim Kelleher raised his price target on Apple to $250 and kept his Buy rating after its Q2 earnings beat and higher than expected outlook for Q3. The analyst cites Apple's high Services revenue in the quarter and the surge in its contribution from Wearables & Home segment, which was the only unit to grow sequentially from peak Q1. Kelleher is also positive on the management's capital return program after Apple's expanded buyback and increased dividend announcements.
T AT&T
$30.47

-0.16 (-0.52%)

05/03/19
NRCS
05/03/19
UPGRADE
Target $70
NRCS
Buy
Northcoast upgrades Generac to Buy as emerging play on 5G growth
As previously reported, Northcoast analyst Tom Hayes upgraded Generac to Buy from Neutral as he sees significant benefits from its increased closing rates for home standby units and the backup power needs associated with 5G growth. Spending for the infrastructure for 5G is expected to ramp to $26B in 2022 and Generac has established relationships with Verizon (VZ), AT&T (T) and T-Mobile (TMUS), noted Hayes, who believes the company is likely used by the major carriers in a significant percentage of all their back-up power needs. He set a $70 price target on Generac shares.
05/09/19
SBSH
05/09/19
UPGRADE
SBSH
Neutral
CenturyLink upgraded to Neutral on cash flow, cost cutting at Citi
As previously reported, Citi analyst Michael Rollins upgraded CenturyLink (CTL) to Neutral from Sell. While he said the company reported "another mixed quarter" and he thinks the pace of revenue decline should continue to depress the multiple, the company's "aggressive" cost cutting, cash flow and dividend yield should provide downside support, Rollins tells investors. He remains cautious on whether CenturyLink can create value by separating its consumer business, he added. Rollins recommends that investors seeking dividends in Telco buy AT&T (T) and Verizon (VZ) instead.
04/17/19
GSCO
04/17/19
NO CHANGE
GSCO
Sprint, T-Mobile headlines positive for Dish, Intelsat, says Goldman Sachs
Goldman Sachs analyst Brett Feldman, while taking no view on the outcome of the proposed merger between Sprint (S) and T-Mobile (TMUS), laid out his thoughts for other industry participants following the Wall Street Journal's report that the Department of Justice is unlikely to approve the deal as currently structured. The analyst believes investors will initially see the headlines as negative for the other major wireless carriers, namely AT&T (T) and Verizon (VZ), since they "create uncertainty over long-term industry structure." Further, investors will initially see these headlines as a slight positive for tower operators American Tower (AMT), Crown Castle (CCI) and SBA Communications (SBAC) as they "imply less risk of material cell site decommissioning," Feldman told investors earlier in a research note. The analyst also thinks investors will view the Journal's report as positive for owners of excess spectrum such as Dish (DISH) and Intelsat (I) and a slight positive for cable operators like Altice USA (ATUS), Charter (CHTR) and Comcast (CMCSA).
04/05/19
04/05/19
UPGRADE
Target $36

Outperform
Viacom upgraded to Outperform from Sector Perform at RBC Capital
As previously reported, RBC Capital analyst Steven Cahall upgraded Viacom (VIAB) to Outperform from Sector Perform and raised his price target to $36 from $31, saying the company's "less contentious" than feared DirecTV (T) deal improves its standing and "paves the way toward merger talks" with CBS (CBS). The analyst sees an implied upside for Viacom stock at over 30% on the CBS deal prospects and believes that investors should own both to hedge the exchange ratio risk of the potential transaction.
CBS.A
$48.50

(0.00%)

CBS CBS
$47.39

-1.89 (-3.84%)

04/08/19
LOOP
04/08/19
NO CHANGE
Target $59
LOOP
Buy
CBS Q1 to be impacted by higher content costs, says Loop Capital
Loop Capital analyst Alan Gould kept his Buy rating and $59 price target on CBS (CBS), saying that while he is lowering his Q1 earnings outlook by 3c to $1.37 due to higher programming costs at Showtime, he is keeping a positive view on the stock given its valuation of just 9-times forward earnings. The analyst adds that CBS and Viacom (VIAB) may reopen merger talks with the AT&T renewal having been completed.
05/06/19
BRRR
05/06/19
NO CHANGE
Target $60
BRRR
Outperform
CBS price target lowered to $60 from $72 at Barrington
Barrington analyst James Goss lowered his price target on CBS shares to $60 from $72, stating that following the company's Q1 report he believes CBS "remains steadily on a path it charted out several years ago" but he thinks a more conservative multiple is appropriate given the industry "turmoil and transformation" as well as management uncertainty. He keeps an Outperform rating on CBS shares, citing the company's high-margin retransmission revenue and success in the creation of new OTT ventures.
04/22/19
LOOP
04/22/19
NO CHANGE
Target $65
LOOP
Buy
CBS price target raised to $65 from $59 at Loop Capital
Loop Capital analyst Alan Gould raised his price target on CBS (CBS) to $65 and kept his Buy rating, saying the stock represents the "most attractive opportunity in large-cap media." The analyst expects the resolution around the appointment of a permanent CEO by the company to lead to CBS entering merger talks with Viacom (VIAB) within 60 days, even though the board appears to be having a "difficult time attracting outside candidates due to the uncertainty of a potential merger," with its initial March 31st target date to conclude its CEO search now having passed.
VIAB Viacom
$28.14

-1.12 (-3.83%)

04/05/19
04/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Simeon Gutman saying he believes activist intervention presents the potential for upside for the stock in the near-term. 2. Snap (SNAP) upgraded to Hold from Sell at Summit Insights. 3. Northrop Grumman (NOC) upgraded to Positive from Neutral at Susquehanna. 4. Weyerhaeuser (WY) upgraded to Overweight from Equal Weight at Stephens with analyst Mark Connelly saying the stock, which is generally viewed as an income play, has sold off on rate concerns and slower starts. 5. Viacom (VIA, VIAB) upgraded to Outperform from Sector Perform at RBC Capital with analyst Steven Cahall saying the company's "less contentious" than feared DirecTV (T) deal improves its standing and "paves the way toward merger talks" with CBS (CBS). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
VIA Viacom
$33.70

-0.97 (-2.80%)

03/29/19
03/29/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) upgraded to Market Perform from Underperform at Raymond James with analyst David Long saying the retirement of CEO Tim Sloan removes a "headwind." 2. Viacom (VIA, VIAB) upgraded to Buy from Hold at Loop Capital with analyst Alan Gould citing the company's loss of its biggest distributor AT&T (T) having been de-risked which, he believes, raises the likelihood of a Viacom merger with CBS (CBS). 3. F5 Networks (FFIV) upgraded to Neutral from Underweight at Piper Jaffray with analyst James Fish saying after underperforming the tech sector and the market over the last six months by ~20%, some of the main downside share catalysts have played out. 4. Mosaic (MOS) upgraded to Neutral from Underperform at Credit Suisse with analyst Chris Parkinson citing modest downside to Chinese cash operating costs, lower immediate-term ammonia and sulfur costs, evidence of near-term volume discipline, the emphasis on long-term cost reduction programs and balance sheet stability. 5. KeyCorp (KEY) upgraded to Neutral from Reduce at Nomura Instinet with analyst Bill Carcache saying he believes the shares are near a fair valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/01/19
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.
04/04/19
RBCM
04/04/19
UPGRADE
RBCM
Outperform
Viacom upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Steven Cahall upgraded Viacom to Outperform from Sector Perform.

TODAY'S FREE FLY STORIES

TLND

Talend

$39.24

0.12 (0.31%)

18:45
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Talend CEO: We solve the first mile in the data journey »

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BA

Boeing

$354.47

14.44 (4.25%)

18:40
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Periodicals
FAA intends to test Boeing MAX software on newer pilots, Reuters says »

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DB

Deutsche Bank

$7.17

0.155 (2.21%)

18:32
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Periodicals
Deutsche Bank to pay $16M to settle corruption charges with SEC, Reuters says »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$292.36

-0.04 (-0.01%)

18:28
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Periodicals
Kudlow says U.S., Chinese negotiators held productive trade talks, Reuters says »

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S&P 500

$0.00

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SPY

SPDR S&P 500 ETF Trust

$292.36

-0.04 (-0.01%)

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GOOG

Alphabet

$1,188.53

-2.26 (-0.19%)

, GOOGL

Alphabet Class A

$1,190.41

0.15 (0.01%)

18:25
08/22/19
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18:25
Hot Stocks
Google disabled 210 YouTube channels related to ongoing Hong Kong protests »

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GOOG

Alphabet

$1,188.53

-2.26 (-0.19%)

GOOGL

Alphabet Class A

$1,190.41

0.15 (0.01%)

FB

Facebook

$182.08

-1.48 (-0.81%)

TWTR

Twitter

$42.17

-0.63 (-1.47%)

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NUAN

Nuance

$17.31

-0.14 (-0.80%)

18:24
08/22/19
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18:24
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18:24
Syndicate
Nuance files Form 10 registration statement for planned spin-off of Cerence »

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CRM

Salesforce

$148.26

0.86 (0.58%)

18:23
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Hot Stocks
Salesforce co-CEO: We had a very strong second quarter »

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RVLT

Revolution Lighting

$0.34

-0.0124 (-3.57%)

18:10
08/22/19
08/22
18:10
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18:10
Hot Stocks
Revolution Lighting discloses additional delisting determination from Nasdaq »

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IBKC

Iberiabank

$70.16

-0.38 (-0.54%)

18:05
08/22/19
08/22
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18:05
Hot Stocks
Iberiabank CEO Daryl Byrd sells over $840K in company shares »

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RMNI

Rimini Street

$4.77

-0.11 (-2.25%)

, ORCL

Oracle

$53.18

-0.08 (-0.15%)

18:02
08/22/19
08/22
18:02
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18:02
Hot Stocks
San Fang Chemical switches to Rimini Street support for Oracle EBS »

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RMNI

Rimini Street

$4.77

-0.11 (-2.25%)

ORCL

Oracle

$53.18

-0.08 (-0.15%)

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CRM

Salesforce

$148.26

0.86 (0.58%)

18:01
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Salesforce says Customer 360 will be huge growth driver over next decade »

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AAC

AAC Holdings

$0.60

-0.0327 (-5.17%)

17:57
08/22/19
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Hot Stocks
AAC Holdings discloses NYSE listing notice »

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17:32
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General news
Fed Balance Sheet Level data reported »

Week of 8/21 Fed Balance…

HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

17:30
08/22/19
08/22
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17:30
Hot Stocks
HP Inc. says notebooks accounted for 39% of revenue in Q3 »

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General news
Money Supply M2 Weekly Change data reported »

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TRPX

Therapix Biosciences

$2.35

(0.00%)

17:27
08/22/19
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17:27
Syndicate
Breaking Syndicate news story on Therapix Biosciences »

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GLD

SPDR Gold Shares

$141.38

-0.36 (-0.25%)

17:26
08/22/19
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Hot Stocks
SPDR Gold Shares holdings rise to 854.84MT to 851.91MT »

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VMW

VMware

$148.15

0.11 (0.07%)

17:19
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Earnings
VMware sees Q3 adjusted EPS $1.42, consensus $1.57 »

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CRWD

Crowdstrike

$93.04

-3.5 (-3.63%)

, CBLK

Carbon Black

$24.52

1.77 (7.78%)

17:14
08/22/19
08/22
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17:14
Hot Stocks
Crowdstrike lower after Carbon Black acquisition »

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CRWD

Crowdstrike

$93.04

-3.5 (-3.63%)

CBLK

Carbon Black

$24.52

1.77 (7.78%)

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  • 05

    Sep

HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

17:07
08/22/19
08/22
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17:07
Hot Stocks
HP Inc. says CEO Dion Weisler will step down to deal with family health matter »

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  • 22

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NP

Neenah Paper

$66.14

-0.455 (-0.68%)

17:05
08/22/19
08/22
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17:05
Hot Stocks
Neenah Paper CFO sells 7.8K shares of common stock »

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

17:04
08/22/19
08/22
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17:04
Hot Stocks
HP Inc. falls over 5% amid slowdown in printer sales »

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  • 22

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  • 10

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NKE

Nike

$83.27

0.46 (0.56%)

17:03
08/22/19
08/22
17:03
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17:03
Periodicals
Michael Avenatti plans subpoenas to prove Nike claims, Bloomberg says »

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  • 19

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

17:00
08/22/19
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17:00
Hot Stocks
HP Inc. printing net revenue was down 5% year over year »

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  • 22

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SYY

Sysco

$73.32

1.06 (1.47%)

16:56
08/22/19
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16:56
Hot Stocks
Sysco director Koerber sells 10K shares of common stock »

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