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VZ

Verizon

$54.39

-2.44 (-4.29%)

, T

AT&T

$30.51

-1.365 (-4.28%)

15:50
05/31/19
05/31
15:50
05/31/19
15:50

Verizon, AT&T selloffs present buying opportunities, says JPMorgan

JPMorgan analyst Philip Cusick believes Amazon.com (AMZN) is unlikely to enter the wireless market via an acquisition of Boost Mobile, as reported last night by Reuters. As a result, he believes the selloffs today in shares of Verizon Communications (VZ) and AT&T (T) present buying opportunities.

VZ

Verizon

$54.39

-2.44 (-4.29%)

T

AT&T

$30.51

-1.365 (-4.28%)

AMZN

Amazon.com

$1,777.63

-38.99 (-2.15%)

S

Sprint

$6.86

-0.3 (-4.19%)

TMUS

T-Mobile

$73.33

-2.7 (-3.55%)

  • 03

    Jun

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    Jun

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    Jun

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    Jun

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    Jun

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    Jul

  • 01

    Aug

VZ Verizon
$54.39

-2.44 (-4.29%)

05/31/19
OPCO
05/31/19
NO CHANGE
OPCO
Outperform
AT&T, Verizon may trade down on Amazon/Boost Mobile news, says Oppenheimer
Following reports that Amazon (AMZN) is interested in buying Boost Mobile from T-Mobile (TMUS) and Sprint (S), Oppenheimer analyst Timothy Horan tells investors in a research note that he believes a deal would be "highly disruptive" to the industry, but would enable the merger approval for the Sprint-T-Mobile deal. The analyst sees Outperform-rated AT&T (T) and Perform-rated Verizon (VZ) trading down on the news, and Sprint trading higher.
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.
05/30/19
05/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Verizon (VZ) downgraded to Neutral from Buy at UBS with analyst John Hodulik saying with the valuation back in-line with historical levels and more difficult comps ahead, Verizon's risk/reward is more balanced at current share levels. 2. Canada Goose (GOOS) downgraded to Neutral from Buy at BofA/Merrill with analyst Robert Ohmes saying the Direct-to-Consumer, or DTC, slowdown indicates saturation risk and warrants a lower multiple. 3. ViaSat (VSAT) downgraded to Market Perform from Outperform at Raymond James with analyst Rick Prentiss saying shares are up 55% year-to-date, reflecting good news, and expects an increase in R&D and capex from VS-3 satellite builds and deployments, expanding LatAm operations, and acquiring STCs. 4. Teva (TEVA) double downgraded to Underperform from Buy at BofA/Merrill with analyst Jason Gerberry saying Teva's financial downside to ongoing opioid litigation is difficult to gauge and the highly fragmented nature of the lawsuits makes a global settlement unlikely. 5. Toll Brothers (TOL) downgraded to Market Perform from Outperform at Raymond James with analyst Buck Horne saying he is "concerned" that shares will be range-bound near-term due to reduced estimates, a lack of upcoming catalysts, and lingering West Coast issues. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/30/19
UBSW
05/30/19
DOWNGRADE
Target $59
UBSW
Neutral
Verizon downgraded to Neutral from Buy at UBS
UBS analyst John Hodulik downgraded Verizon Communications to Neutral from Buy with an unchanged price target of $59. The stock closed yesterday down 55c to $58.18. With the valuation back in-line with historical levels and more difficult comps ahead, Verizon's risk/reward is more balanced at current share levels, Hodulik tells investors in a research note. The analyst, however, continues to believe the company is well positioned as a defensive investment with low-single-digit core growth and a sustainable yield. He also expects wireless fundamentals to remain "healthy."
T AT&T
$30.51

-1.365 (-4.28%)

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.
05/15/19
JPMS
05/15/19
NO CHANGE
Target $67
JPMS
Neutral
Amdocs price target lowered to $67 from $70 at JPMorgan
JPMorgan analyst Jackson Ader lowered his price target for Amdocs (DOX) to $67 from $70 saying that while the company's fiscal Q2 results were better than expected, the commentary on AT&T (T) is the main takeaway. AT&T revenue is off to a worse start for the first half than the company had expected as the focus on cost cutting and debt reduction within AT&T continues, Ader tells investors in a research note. The analyst does not see "this AT&T headwind going anywhere" and he keeps a Neutral rating on Amdocs.
AMZN Amazon.com
$1,777.63

-38.99 (-2.15%)

05/28/19
CHLM
05/28/19
NO CHANGE
Target $125
CHLM
Buy
Facebook crypto, Marketplace could drive growth for PayPal, says Craig-Hallum
Craig-Hallum analyst Brad Berning notes that investors have been worried about the impact of PayPal (PYPL) losing eBay (EBAY) and missing out on market share opportunities by not participating in Amazon's (AMZN) platform. However, the analyst points out that Facebook's (FB) crypto currency may be coming sooner than expected, which will have large implications for the payments industry as Facebook looks to co-op partners for loading payments, processing FX settlements, and providing exit points to spend the money in cash, crypto, digital wallets and cards networks. Additionally, Berning believes Facebook's Marketplace initiative could be a large positive for PayPal, with the potential to sustain its strong TPV growth rate in the 2021/2022 timeframe, despite eBay unwinding starting in the second half of 2020. The analyst reiterates a Buy rating and $125 price target on PayPal's shares.
05/29/19
PIVT
05/29/19
INITIATION
Target $2750
PIVT
Buy
Amazon.com initiated with a Buy at Pivotal Research
Pivotal Research analyst Michael Levine started Amazon.com with a Buy rating and $2,750 price target. With the "highest quality" management and franchise within global internet, Amazon is a "must own name with huge upside even from here," Levine tells investors in a research note.
05/29/19
05/29/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN), Facebook (FB), and Twitter (TWTR) were initiated with a Buy at Pivotal Research, while Alphabet (GOOG, GOOGL), Pinterest (PINS), and Snap (SNAP) were initiated with a Hold. 2. Anchiano Therapeutics (ANCN) initiated with an Outperform at Baird. 3. Slack Technologies (WORK) initiated with a Neutral at DA Davidson. 4. National Vision (EYE) initiated with a Buy at Berenberg. 5. IMV Inc. (IMV) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
S Sprint
$6.86

-0.3 (-4.19%)

05/22/19
BOFA
05/22/19
UPGRADE
Target $11.4
BOFA
Buy
Ericsson upgraded to Buy on 5G leadership, Huawei pressures at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Tal Liani upgraded Ericsson to Buy from Neutral, citing its 5G leadership and potential for longer-term share gains as well as the U.S. pressures on Huawei, which he thinks may add to Ericsson share gains. Additionally, the T-Mobile (TMUS) and Sprint (S) merger, if approved, may help accelerate the 5G timeline, Liani tells investors. The analyst, who added that he had a bullish visit to Ericsson's headquarters last Friday, raised his price target on the ADRs to $11.40 from $10.40.
05/21/19
COWN
05/21/19
NO CHANGE
COWN
State AGs may challenge Sprint, T-Mobile deal even if DOJ approves, says Cowen
Cowen analyst Paul Gallant said he believes that the Department of Justice is likely to approve T-Mobile's (TMUS) deal to buy Sprint (S) despite the Bloomberg report claiming that the DOJ is leaning against signing off on the agreement, with the main reason for his view being the belief that the White House really cares about beating China in 5G. However, he still sees significant risk at the state AG level, noting that Maryland AG Brian Frosch was quoted by Bloomberg as saying that "consumers are going to suffer in terms of price, in terms of quality, in terms of opportunities." Even if the DOJ approves the deal, state AGs have the authority to challenge and they might, Gallant tells investors.
05/22/19
NWST
05/22/19
DOWNGRADE
NWST
Neutral
Sprint downgraded to Neutral from Buy at New Street
TMUS T-Mobile
$73.33

-2.7 (-3.55%)

05/20/19
05/20/19
DOWNGRADE

Hold
Dish downgraded to Hold at Pivotal Research
As previously reported, Pivotal Research analyst Jeffrey Wlodarczak downgraded Dish (DISH) to Hold from Buy as it appears that the Sprint (S)/T-Mobile (TMUS) deal will clear regulatory hurdles and given the 22.9M share equity deal with sister company EchoStar (SATS). The likely ultimate approval of the Sprint/T-Mobile deal likely "significantly pushes back the timing" for a potential Dish spectrum deal materially, he contends.

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FSUGY

Fortescue Metals

$0.00

(0.00%)

22:07
06/26/19
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Downgrade
Fortescue Metals rating change at Vertical Group »

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TCDA

Tricida

$35.08

-0.07 (-0.20%)

22:01
06/26/19
06/26
22:01
06/26/19
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Initiation
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  • 11

    Jul

CTL

CenturyLink

$10.91

0.16 (1.49%)

20:54
06/26/19
06/26
20:54
06/26/19
20:54
Upgrade
CenturyLink rating change at Wells Fargo »

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MORF

Morphic Holdings

$0.00

(0.00%)

20:54
06/26/19
06/26
20:54
06/26/19
20:54
Syndicate
Morphic Holdings 6M share IPO priced at $15.00 »

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  • 26

    Jun

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    Jun

WBA

Walgreens Boots Alliance

$52.40

-0.59 (-1.11%)

, MKC

McCormick

$150.58

-2.545 (-1.66%)

20:25
06/26/19
06/26
20:25
06/26/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

WBA

Walgreens Boots Alliance

$52.40

-0.59 (-1.11%)

MKC

McCormick

$150.58

-2.545 (-1.66%)

CAG

Conagra Brands

$28.94

0.035 (0.12%)

PDCO

Patterson Companies

$24.90

0.7 (2.89%)

03/08/13
Wedge Partners
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  • 27

    Jun

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ADPT

Adaptive Biotechnologies

$0.00

(0.00%)

20:17
06/26/19
06/26
20:17
06/26/19
20:17
Syndicate
Adaptive Biotechnologies 15M share IPO priced at $20.00 »

The deal priced above the…

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Citigroup
03/06/13
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  • 26

    Jun

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    Jun

BBIO

BridgeBio

$0.00

(0.00%)

20:15
06/26/19
06/26
20:15
06/26/19
20:15
Syndicate
BridgeBio 20.5M share IPO priced at $17.00 »

The deal priced above the…

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Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

    Jun

  • 27

    Jun

CHNG

Change Healthcare

$0.00

(0.00%)

20:14
06/26/19
06/26
20:14
06/26/19
20:14
Syndicate
Change Healthcare 42.9M share IPO priced at $13.00 »

The deal priced below the…

03/08/13
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03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 26

    Jun

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INXN

Interxion

$73.09

-1.97 (-2.62%)

20:11
06/26/19
06/26
20:11
06/26/19
20:11
Syndicate
Interxion 4M share Secondary priced at $72.75 »

Citi acted as lead book…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 27

    Jun

LECO

Lincoln Electric

$80.24

0.1 (0.12%)

20:09
06/26/19
06/26
20:09
06/26/19
20:09
Downgrade
Lincoln Electric rating change at KeyBanc »

Lincoln Electric…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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CMCSA

Comcast

$42.11

-0.64 (-1.50%)

, CMCSK

Comcast

$0.00

(0.00%)

18:55
06/26/19
06/26
18:55
06/26/19
18:55
Periodicals
MSNBC charging markup for ads in first two Dem debates, WSJ says »

Advertisers were asked to…

CMCSA

Comcast

$42.11

-0.64 (-1.50%)

CMCSK

Comcast

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 25

    Jul

MLHR

Herman Miller

$37.86

0.75 (2.02%)

, KBH

KB Home

$23.58

-0.24 (-1.01%)

18:51
06/26/19
06/26
18:51
06/26/19
18:51
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Herman…

MLHR

Herman Miller

$37.86

0.75 (2.02%)

KBH

KB Home

$23.58

-0.24 (-1.01%)

PECK

Peck

$6.50

0.18 (2.85%)

VRCA

Verrica Pharmaceuticals

$9.44

-0.1 (-1.05%)

PIR

Pier 1 Imports

$8.80

0.14 (1.62%)

RAD

Rite Aid

$7.11

0.26 (3.80%)

ACRS

Aclaris Therapeutics

$4.45

0.06 (1.37%)

BA

Boeing

$375.05

5.68 (1.54%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

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    Jul

  • 01

    Oct

  • 02

    Oct

OXY

Occidental Petroleum

$50.42

1.05 (2.13%)

, APC

Anadarko

$70.50

0.41 (0.58%)

18:16
06/26/19
06/26
18:16
06/26/19
18:16
Hot Stocks
Icahn says it is 'important' to add new directors to Occidental's board »

Activist investor Carl…

OXY

Occidental Petroleum

$50.42

1.05 (2.13%)

APC

Anadarko

$70.50

0.41 (0.58%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 27

    Aug

PIR

Pier 1 Imports

$8.80

0.14 (1.62%)

18:15
06/26/19
06/26
18:15
06/26/19
18:15
Hot Stocks
Breaking Hot Stocks news story on Pier 1 Imports »

Pier 1 Imports down 18%…

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03/06/13
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03/06/13
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  • 26

    Jun

FB

Facebook

$187.60

-1.27 (-0.67%)

, AMZN

Amazon.com

$1,897.51

18.25 (0.97%)

18:08
06/26/19
06/26
18:08
06/26/19
18:08
Periodicals
Facebook in talks to lease office space in Hudson Yards, WSJ reports »

Facebook (FB) is in…

FB

Facebook

$187.60

-1.27 (-0.67%)

AMZN

Amazon.com

$1,897.51

18.25 (0.97%)

03/08/13
Wedge Partners
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03/06/13
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  • 26

    Jun

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    Jul

NOMD

Nomad Foods

$20.34

-0.24 (-1.17%)

18:05
06/26/19
06/26
18:05
06/26/19
18:05
Initiation
Nomad Foods initiated at Goldman Sachs »

Nomad Foods initiated…

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ISTR

Investar Holding

$23.35

0.23 (0.99%)

18:04
06/26/19
06/26
18:04
06/26/19
18:04
Hot Stocks
Investar Holding increases quarterly dividend 5% to 5.5c per share »

Investar Holding declared…

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ISTR

Investar Holding

$23.35

0.23 (0.99%)

18:02
06/26/19
06/26
18:02
06/26/19
18:02
Hot Stocks
Investar Holding authorizes additional 300,000 share repurchase »

Investar Holding has…

03/08/13
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03/06/13
Citigroup
03/06/13
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GD

General Dynamics

$178.77

1.12 (0.63%)

18:00
06/26/19
06/26
18:00
06/26/19
18:00
Hot Stocks
General Dynamics awarded $217M Air Force Intelligence System Support contract »

General Dynamics…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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TM

Toyota

$123.23

-0.68 (-0.55%)

, SFTBF

SoftBank

$0.00

(0.00%)

17:50
06/26/19
06/26
17:50
06/26/19
17:50
Periodicals
5 Japanese car makers to invest in Toyota-SoftBank self-driving JV, NAR says »

Five more Japanese car…

TM

Toyota

$123.23

-0.68 (-0.55%)

SFTBF

SoftBank

$0.00

(0.00%)

MZDAF

Mazda

$0.00

(0.00%)

SZKMF

Suzuki

$0.00

(0.00%)

FUJHY

Subaru

$0.00

(0.00%)

ISUZY

Isuzu Motors

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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UAL

United Continental

$85.32

0.27 (0.32%)

, BA

Boeing

$375.05

5.68 (1.54%)

17:47
06/26/19
06/26
17:47
06/26/19
17:47
Periodicals
United takes 737 MAX off flying schedule until September 3, Reuters says »

United Airlines (UAL) has…

UAL

United Continental

$85.32

0.27 (0.32%)

BA

Boeing

$375.05

5.68 (1.54%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 09

    Jul

  • 24

    Jul

NOMD

Nomad Foods

$20.34

-0.24 (-1.17%)

17:43
06/26/19
06/26
17:43
06/26/19
17:43
Initiation
Nomad Foods initiated at Goldman Sachs »

Nomad Foods initiated…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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AMC

AMC Entertainment

$9.45

-0.03 (-0.32%)

, HMNY

Helios and Matheson

$0.00

(0.00%)

17:43
06/26/19
06/26
17:43
06/26/19
17:43
Hot Stocks
AMC Entertainment subscription program A-List surpasses 860K members »

AMC Theatres (AMC) said…

AMC

AMC Entertainment

$9.45

-0.03 (-0.32%)

HMNY

Helios and Matheson

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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SECCF

Serco Group

$0.00

(0.00%)

, BAESY

BAE Systems

$0.00

(0.00%)

17:41
06/26/19
06/26
17:41
06/26/19
17:41
Hot Stocks
Serco Group, BAE Systems awarded not exceed $747.1M combined Navy contracts »

BAE Systems (BAESY) and…

SECCF

Serco Group

$0.00

(0.00%)

BAESY

BAE Systems

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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