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VZ

Verizon

$57.43

0.61 (1.07%)

12:01
06/12/19
06/12
12:01
06/12/19
12:01

Huawei claims Verizon should pay fees for patents used in Its network, WSJ says

China's Huawei has told Verizon that the carrier should pay licensing fees for over 200 of its patents, further escalating tensions between Huawei and the U.S., the Wall Street Journal's Sarah Krouse reports, citing people familiar with the matter. A Huawei intellectual property licensing executive wrote to Verizon in February, telling the company it should pay to "solve the patent licensing issue," Krouse says, citing the people. "We trust that you will see the benefit of taking a license to our patent portfolio," the letter said. Krouse noted that Verizon is not a Huawei customer. Reference Link

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VZ Verizon
$57.43

0.61 (1.07%)

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."
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.
05/31/19
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.
05/31/19
JPMS
05/31/19
NO CHANGE
JPMS
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.

TODAY'S FREE FLY STORIES

IP

International Paper

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0.055 (0.13%)

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$36.72

0.21 (0.58%)

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ASIX

AdvanSix

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KGC

Kinross Gold

$3.80

-0.02 (-0.52%)

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ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

, CZR

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$9.99

-0.05 (-0.50%)

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CZR

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KEM

Kemet

$18.07

-0.06 (-0.33%)

06:39
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Kemet management to meet with SunTrust »

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IIPR

Innovative Industrial Properties

$117.57

-17.13 (-12.72%)

06:37
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06/24
06:37
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06:37
Conference/Events
Innovative Industrial Properties management to meet with BTIG »

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CZR

Caesars

$9.99

-0.05 (-0.50%)

, ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

06:35
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06:35
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Breaking Hot Stocks news story on Caesars, Eldorado Resorts »

Caesars up 16% to $11.60…

CZR

Caesars

$9.99

-0.05 (-0.50%)

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

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DNKN

Dunkin' Brands

$79.54

-0.4 (-0.50%)

06:33
06/24/19
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06:33
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06:33
Upgrade
Dunkin' Brands rating change  »

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VICI

VICI Properties

$22.80

-0.24 (-1.04%)

06:32
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06/24
06:32
06/24/19
06:32
Syndicate
VICI Properties files to sell 90M shares of common stock »

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SOL

ReneSola

$1.28

(0.00%)

06:31
06/24/19
06/24
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06:31
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ReneSola, X-Elio North America to develop solar projects in North America »

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  • 27

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HLT

Hilton

$96.12

-0.75 (-0.77%)

06:29
06/24/19
06/24
06:29
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06:29
Conference/Events
Hilton management to meet with UBS »

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  • 26

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CNCE

Concert Pharmaceuticals

$10.90

-0.165 (-1.49%)

06:27
06/24/19
06/24
06:27
06/24/19
06:27
Initiation
Concert Pharmaceuticals initiated  »

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HIW

Highwoods Properties

$43.46

-0.71 (-1.61%)

06:26
06/24/19
06/24
06:26
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06:26
Conference/Events
Highwoods Properties management to meet with Morgan Stanley »

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EA

Electronic Arts

$95.32

2.15 (2.31%)

, TTWO

Take-Two

$112.63

1.08 (0.97%)

06:26
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Recommendations
Electronic Arts, Take-Two analyst commentary  »

Stephens switches best…

EA

Electronic Arts

$95.32

2.15 (2.31%)

TTWO

Take-Two

$112.63

1.08 (0.97%)

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  • 13

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WTRH

Waitr Holdings

$5.49

-0.49 (-8.19%)

06:23
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Initiation
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  • 13

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TPC

Tutor Perini

$13.25

0.06 (0.45%)

06:22
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Tutor Perini unit awarded $122M contract by Guam Waterworks Authority »

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SFM

Sprouts Farmers Market

$18.87

-0.65 (-3.33%)

06:21
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MESO

Mesoblast

$4.67

-0.02 (-0.43%)

06:20
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RCII

Rent-A-Center

$24.18

-0.95 (-3.78%)

, AAN

Aaron's

$61.29

-0.09 (-0.15%)

06:19
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Upgrade
Rent-A-Center, Aaron's, Curo Group, FlexShopper rating change  »

Rent-A-Center upgraded to…

RCII

Rent-A-Center

$24.18

-0.95 (-3.78%)

AAN

Aaron's

$61.29

-0.09 (-0.15%)

CURO

Curo Group

$10.10

0.015 (0.15%)

FPAY

FlexShopper

$1.11

(0.00%)

03/08/13
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  • 13

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TPC

Tutor Perini

$13.25

0.06 (0.45%)

06:19
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Tutor Perini unit awarded $200M contract in the Bay Area »

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EBF

Ennis

$19.16

-0.13 (-0.67%)

06:18
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Earnings
Ennis reports Q1 EPS 37c, consensus 33c »

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  • 18

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FTNT

Fortinet

$76.12

-0.82 (-1.07%)

06:17
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MSFT

Microsoft

$136.94

0.09 (0.07%)

, WORK

Slack Technologies

$36.80

-1.89 (-4.89%)

06:16
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Periodicals
Microsoft bans employees from using Slack, GeekWire reports »

Microsoft (MSFT) does not…

MSFT

Microsoft

$136.94

0.09 (0.07%)

WORK

Slack Technologies

$36.80

-1.89 (-4.89%)

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VICI

VICI Properties

$22.80

-0.24 (-1.04%)

, ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

06:15
06/24/19
06/24
06:15
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Hot Stocks
VICI Properties enters partnership with Eldorado Resorts »

VICI Properties (VICI)…

VICI

VICI Properties

$22.80

-0.24 (-1.04%)

ERI

Eldorado Resorts

$51.22

-1.48 (-2.81%)

CZR

Caesars

$9.99

-0.05 (-0.50%)

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  • 24

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AGCO

Agco

$74.71

-0.53 (-0.70%)

06:15
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Agco rating change  »

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