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ATVI

Activision Blizzard

$45.08

-1.62 (-3.47%)

, EA

Electronic Arts

$92.66

-1.86 (-1.97%)

04:55
06/13/19
06/13
04:55
06/13/19
04:55

SunTrust to host company meetings at conference

SunTrust Hosted Company Meetings at E3 2019 will be held in Los Angeles on June 11-13.

ATVI

Activision Blizzard

$45.08

-1.62 (-3.47%)

EA

Electronic Arts

$92.66

-1.86 (-1.97%)

GLUU

Glu Mobile

$7.30

0.045 (0.62%)

TTWO

Take-Two

$108.61

-1.68 (-1.52%)

NFLX

Netflix

$345.46

-5.79 (-1.65%)

  • 13

    Jun

  • 13

    Jun

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    Jun

  • 25

    Jun

  • 13

    Nov

ATVI Activision Blizzard
$45.08

-1.62 (-3.47%)

06/06/19
06/06/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with an Outperform at Evercore ISI. 2. Chegg (CHGG) initiated with a Buy at Needham. 3. Cidara Therapeutics (CDTX) initiated with an Outperform at Oppenheimer. 4. Corteva (CTVA) initiated with a Market Perform at Bernstein. 5. Electronic Arts (EA) initiated with a Buy at Nomura Instinet while Activision Blizzard (ATVI) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/06/19
NOMU
06/06/19
INITIATION
Target $120
NOMU
Buy
Electronic Arts initiated with a Buy at Nomura Instinet
Nomura Instinet analyst Andrew Marok last night initiated coverage of Electronic Arts (EA) with a Buy rating and $120 price target. The analyst also started Activision Blizzard (ATVI) with a Neutral rating. Electronic Arts is well positioned to capitalize on trends in the broader gaming industry, Marok tells investors in a research note. The company's subscription service is scaling well and is expanding to new platforms, adds the analyst. Further, he views Apex Legends as a new growth driver for EA.
06/07/19
SBSH
06/07/19
INITIATION
Target $47
SBSH
Neutral
Activision Blizzard initiated with a Neutral at Citi
Citi analyst Jason Bazinet started Activision Blizzard with a Neutral rating and $47 price target. The analyst believes consensus estimates are at the right level and that the valuation looks fair at current share levels.
06/06/19
NOMU
06/06/19
INITIATION
Target $49
NOMU
Neutral
Activision Blizzard initiated with a Neutral at Nomura Instinet
Nomura Instinet analyst Andrew Marok last night initiated coverage of Activision Blizzard with a Neutral rating and $49 price target. The company's near-term release roadmap does not appear to provide many opportunities for "notable upside," especially at Blizzard, Marok tells investors in a research note. Outside of "dependable releases" such as the yearly Call of Duty title and semi-annual World of Warcraft expansion, Activision's frontline product pipeline is at a "low point," says the analyst. As such, he sees limited near-term catalysts for the shares.
EA Electronic Arts
$92.66

-1.86 (-1.97%)

06/07/19
SBSH
06/07/19
INITIATION
Target $102
SBSH
Neutral
Electronic Arts initiated with a Neutral at Citi
Citi analyst Jason Bazinet started Electronic Arts with a Neutral rating and $102 price target. The analyst believes the company is positioned to meet expectations for total bookings in fiscal 2020 but he finds the stock fairly valued at current levels.
06/12/19
RHCO
06/12/19
NO CHANGE
Target $107
RHCO
Buy
SunTrust 'comfortable' with Electronic Arts' FY20 model after E3 presentation
SunTrust analyst Matthew Thornton kept his Buy rating and $107 price target on Electronic Arts after its E3 presentation yesterday, saying that "net-net", he remains "very comfortable" with his FY20 assumptions even though the out-year slate visibility around Battlefield, Titanfall, UFC, Motive, and other titles remains "low". The analyst cites the company's continued forecast of $300M-$400M in revenue from Apex Legends and 6M-8M units sales for its upcoming Jedi Fallen Order game, but sees a slight decline in Electronic Arts' sports title sales due to comping Fifa World Cup.
GLUU Glu Mobile
$7.30

0.045 (0.62%)

06/07/19
WEDB
06/07/19
UPGRADE
Target $9
WEDB
Outperform
Glu Mobile has 'multiple' possible catalysts in 2019, 2020, says Wedbush
Wedbush analyst Michael Pachter upgraded Glu Mobile to Outperform from Neutral with a $9 price target, saying he sees "multiple" potential positive catalysts this year and next. In a research note to investors, Pachter cites the company's domestic AppAnnie rankings, which he says have been "generally favorable" in the quarter to-date, as well as the launch of Disney Sorcerer's Arena and the expected improved performance of WWE: Universe. Pachter says he expects solid execution to continue into 2020.
05/17/19
PIPR
05/17/19
NO CHANGE
Target $12
PIPR
Overweight
Glu Mobile 18% selloff may provide good entry point, says Piper Jaffray
Piper Jaffray analyst Michael Olson attributes the 18% selloff since Glu Mobile reported Q1 earnings on May 6 to a combination of concern around competitive user acquisition and profit taking ahead of new game launches. The analyst, however, believes the company has incorporated conservative assumptions into fiscal 2019 guidance related to both the impact of competitive user acquisition on Design Home, as well as contribution from new titles coming out over the coming months. If there is one risk, it would be a "low percentage chance" that Disney Sorcerer's Arena could be delayed beyond the August launch timing as the company continues its work on balancing the in-game economy, Olson tells investors in a research note. He believes the Glu Mobile selloff may provide a good entry point ahead of new game launches and keeps an Overweight rating on the shares with a $12 price target.
06/03/19
COWN
06/03/19
NO CHANGE
Target $11
COWN
Outperform
Glu Mobile weakness a buying opportunity, says Cowen
Cowen analyst Doug Creutz said the recent pullback in Glu Mobile shares has created an attractive entry point citing its valuation and respectable start to its WWE Universe mobile phone game. He expects the game will likely continue to rise in the top grossing rankings as the installed base grows. Creutz reiterated his Outperform rating and $11 price target on Glu Mobile shares.
06/07/19
WEDB
06/07/19
UPGRADE
Target $9
WEDB
Outperform
Glu Mobile upgraded to Outperform from Neutral at Wedbush
Wedbush analyst Michael Pachter upgraded Glu Mobile to Outperform from Neutral.
TTWO Take-Two
$108.61

-1.68 (-1.52%)

05/17/19
BMOC
05/17/19
NO CHANGE
Target $95
BMOC
Underperform
Take-Two price target raised to $95 from $80 at BMO Capital
BMO Capital analyst Gerrick Johnson raised his price target on Take-Two to $95 after its above-consensus Q4 earnings, saying that while net bookings missed expectations, lower-than-expected internal royalties drove the bottom-line beat. The analyst notes that the company's core titles like NBA 2K and GTA Online have shown continued strength, but also views the performance of Red Dead Redemption 2 as disappointing. Johnson also keeps his Underperform rating on the stock, warning that monetization of Red Dead Redemption could fall below current expectations with added concern about the potential changes in the video game industry driving lower valuation multiples.
05/17/19
BARD
05/17/19
NO CHANGE
BARD
Sony, Microsoft JV a 'surprsing turn' in 'battle for living room,' says Baird
Baird analyst Colin Sebastian said he views the joint venture pact between competitors Microsoft (MSFT) and Sony (SNE) on cloud-based gaming services as both "surprising" and a validation of the emerging market for streaming. The two companies clearly view video games as strategically important enough to put aside their intense competition and see Google (GOOGL) as a legitimate competitor and the Stadia streaming platform as a credible threat, said Sebastian, who added that he does not believe this means Sony and Microsoft will forego their separate console hardware platforms. He also believes that video game developers and publishers should benefit from the intensifying battle among platform companies for share of the game market and the "living room audience." Publicly traded game makers include Activision Blizzard (ATVI), Electronic Arts (EA) and Take-Two (TTWO).
06/04/19
BMOC
06/04/19
UPGRADE
Target $110
BMOC
Market Perform
Take-Two upgraded to Market Perform from Underperform at BMO Capital
BMO Capital analyst Gerrick Johnson upgraded Take-Two Interactive to Market Perform from Underperform and raised his price target for the shares to $110 from $95. With the threat of an economic downturn, video game stocks will be increasingly seen as "safe havens for investors," Johnson tells investors in a research note. As a result, he expects the sector to receive an elevation of valuation multiples. Further, Take-Two has a "robust pipeline and remains a perceived target for acquisition," adds the analyst.
06/04/19
06/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Buy from Hold at Loop Capital with analyst Alan Gould saying Netflix has built an "unstoppable lead" in subscription video streaming while the company's margin opportunity is expanding as it increasingly becomes a content producer, distributor and retailer. 2. Wingstop (WING) upgraded to Buy from Hold at Stifel with analyst Chris O'Cull saying the company's system sales growth will remain in mid to high teens for the foreseeable future and generate higher cash flows from increased average unit volumes thanks to its national advertising and digital ordering initiatives. 3. National Beverage (FIZZ) upgraded to Neutral from Sell at UBS with analyst Sean King citing valuation. 4. Take-Two (TTWO) upgraded to Market Perform from Underperform at BMO Capital with analyst Gerrick Johnson with the threat of an economic downturn, video game stocks will be increasingly seen as "safe havens for investors." 5. Mirati Therapeutics (MRTX) upgraded to Buy from Neutral at Citi with analyst Yigal Nochomovitz saying he believes Mirati's KRAS G12Ci has potential to exceed AMG510's 50% overall response rate in non-small cell lung cancer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
NFLX Netflix
$345.46

-5.79 (-1.65%)

06/04/19
LOOP
06/04/19
UPGRADE
Target $425
LOOP
Buy
Loop Capital upgrades Netflix to Buy, says streaming lead 'unstoppable'
Loop Capital analyst Alan Gould last night upgraded Netflix to Buy from Hold and raised his price target for the shares to $425 from $395. The streaming service closed yesterday down $6.65 to $336.63. Netflix has built an "unstoppable lead" in subscription video streaming while the company's margin opportunity is expanding as it increasingly becomes a content producer, distributor and retailer, Gould tells investors in a research note. The analyst increased his view of 2025 earnings per power from about $28 previously to $32 currently. He now sees Netflix's operating margins increasing 240 basis points per year to 2025. The stock should attract a 25 times price-to-earnings multiple, which implies potential to almost triple the market capitalization over a five- to six-year timeframe, Gould writes.
06/03/19
LOOP
06/03/19
UPGRADE
Target $425
LOOP
Buy
Netflix upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Alan Gould upgraded Netflix to Buy from Hold and raised his price target for the shares to $425 from $395.
06/11/19
EVER
06/11/19
NO CHANGE
Target $205
EVER
Outperform
Antitrust litigation presents risk to Apple App Store model, says Evercore ISI
Evercore ISI analyst Amit Daryanani noted that services will be the primary driver of future growth for Apple (AAPL), but said the shift towards services is not without risk. Pending antitrust litigation from suits brought by Pepper and Spotify could challenge Apple's App Store model while other large publishers could follow the lead of Netflix (NFLX) and circumvent subscription purchasing through an iOS device, said Daryanani . However, he thinks the financial impact, if any, from the Pepper case could take several years to materialize. While he expects litigation to remain a key debate topic on Apple, Daryanani keeps an Outperform rating on the shares with a price target of $205.

TODAY'S FREE FLY STORIES

ATU

Actuant

$24.15

0.48 (2.03%)

08:40
06/26/19
06/26
08:40
06/26/19
08:40
Earnings
Actuant sees FY19 adj. EPS $1.15-$1.21, consensus $1.17 »

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  • 26

    Jun

08:40
06/26/19
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General news
U.S. durable orders declined another 1.3% in May »

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FX Action: The dollar »

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PAYX

Paychex

$84.76

-1.41 (-1.64%)

08:39
06/26/19
06/26
08:39
06/26/19
08:39
Earnings
Paychex sees FY20 adj. EPS up 8%-9%, consensus $3.10 »

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  • 26

    Jun

ATU

Actuant

$24.15

0.48 (2.03%)

08:39
06/26/19
06/26
08:39
06/26/19
08:39
Earnings
Actuant sees Q4 adj. EPS 25c-31c, consensus 30c »

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  • 26

    Jun

BYND

Beyond Meat

$150.58

9.76 (6.93%)

08:39
06/26/19
06/26
08:39
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08:39
Hot Stocks
Beyond Meat announces nationwide retail launch of Beyond Beef »

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ATU

Actuant

$24.15

0.48 (2.03%)

08:38
06/26/19
06/26
08:38
06/26/19
08:38
Earnings
Actuant reports Q3 adj. EPS 45c, consensus 40c »

Reports Q3 revenue $295M,…

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  • 26

    Jun

PAYX

Paychex

$84.76

-1.41 (-1.64%)

08:38
06/26/19
06/26
08:38
06/26/19
08:38
Earnings
Paychex reports Q4 adj. EPS 63c, consensus 64c »

Reports Q4 revenue…

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03/08/13
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  • 26

    Jun

FPAY

FlexShopper

$1.02

0.025 (2.51%)

08:37
06/26/19
06/26
08:37
06/26/19
08:37
Hot Stocks
FlexShopper reports year-to-date total originations up 47% »

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CTVA

Corteva

$27.68

-0.31 (-1.11%)

08:37
06/26/19
06/26
08:37
06/26/19
08:37
Hot Stocks
Corteva names Marcos Lutz to Board of Directors »

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NUE

Nucor

$54.30

0.57 (1.06%)

, AKS

AK Steel

$2.17

0.03 (1.40%)

08:37
06/26/19
06/26
08:37
06/26/19
08:37
Recommendations
Nucor, AK Steel, Steel Dynamics, TimkenSteel, U.S. Steel, ArcelorMittal, Cleveland-Cliffs, Commercial Metals analyst commentary  »

Nucor flat rolled price…

NUE

Nucor

$54.30

0.57 (1.06%)

AKS

AK Steel

$2.17

0.03 (1.40%)

STLD

Steel Dynamics

$29.87

0.71 (2.43%)

TMST

TimkenSteel

$7.45

0.17 (2.34%)

X

U.S. Steel

$14.93

0.48 (3.32%)

MT

ArcelorMittal

$17.20

0.34 (2.02%)

CLF

Cleveland-Cliffs

$9.82

(0.00%)

CMC

Commercial Metals

$16.75

-0.16 (-0.95%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 19

    Jul

  • 30

    Jul

XFOR

X4 Pharmaceuticals

$14.49

-0.7 (-4.61%)

08:37
06/26/19
06/26
08:37
06/26/19
08:37
Hot Stocks
X4 Pharmaceuticals initiates Phase 3 clinical trial of mavorixafor »

X4 Pharmaceuticals…

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ZIOP

Ziopharm

$5.61

0.19 (3.51%)

08:36
06/26/19
06/26
08:36
06/26/19
08:36
Hot Stocks
Ziopharm completes enrollment of controlled IL-12 plus Opdivo Phase 1 trial »

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  • 12

    Sep

KOOL

Cesca Therapeutics

$2.65

-0.115 (-4.16%)

08:36
06/26/19
06/26
08:36
06/26/19
08:36
Hot Stocks
Cesca Therapeutics regains Nasdaq listing compliance »

Cesca Therapeutics…

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ASNA

Ascena Retail

$0.65

-0.0373 (-5.39%)

08:36
06/26/19
06/26
08:36
06/26/19
08:36
Hot Stocks
Ascena Retail reduces size of board to 10 members from 12 members »

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CTVA

Corteva

$27.68

-0.31 (-1.11%)

08:35
06/26/19
06/26
08:35
06/26/19
08:35
Hot Stocks
Corteva says targeting dividend policy of 25%-35% of annual net income »

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VERU

Veru

$2.10

-0.03 (-1.41%)

08:34
06/26/19
06/26
08:34
06/26/19
08:34
Hot Stocks
Veru announces completion of pre-NDA meeting with FDA for TADFIN »

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AA

Alcoa

$22.54

0.33 (1.49%)

08:34
06/26/19
06/26
08:34
06/26/19
08:34
Hot Stocks
Alcoa amends joint venture with Ma'aden »

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  • 17

    Jul

CTVA

Corteva

$27.68

-0.31 (-1.11%)

, DWDP

DowDuPont

$0.00

(0.00%)

08:33
06/26/19
06/26
08:33
06/26/19
08:33
Hot Stocks
Corteva announces common stock dividend of 13c per share »

The company's Board…

CTVA

Corteva

$27.68

-0.31 (-1.11%)

DWDP

DowDuPont

$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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08:33
06/26/19
06/26
08:33
06/26/19
08:33
General news
International Trade in Goods Balance data reported »

May International Trade…

08:33
06/26/19
06/26
08:33
06/26/19
08:33
General news
Wholesale Inventories [Advance] M/M % hange data reported »

May Wholesale Inventories…

08:33
06/26/19
06/26
08:33
06/26/19
08:33
General news
Retail Inventories [Advance] M/M % hange data reported »

May Retail Inventories…

KTOS

Kratos Defense

$21.85

-0.52 (-2.32%)

08:32
06/26/19
06/26
08:32
06/26/19
08:32
Hot Stocks
Kratos Defense receives $5.9M missile defense system contract award »

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BKNG

Booking Holdings

$1,847.18

-23.84 (-1.27%)

08:32
06/26/19
06/26
08:32
06/26/19
08:32
Hot Stocks
Booking Holdings announces leadership changes at Booking.com »

Booking Holdings…

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CTVA

Corteva

$27.68

-0.31 (-1.11%)

, DWDP

DowDuPont

$0.00

(0.00%)

08:32
06/26/19
06/26
08:32
06/26/19
08:32
Hot Stocks
Corteva announces $1B share repurchase program »

Corteva (CTVA) announced…

CTVA

Corteva

$27.68

-0.31 (-1.11%)

DWDP

DowDuPont

$0.00

(0.00%)

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