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S

Sprint

$6.79

-0.02 (-0.29%)

, DISH

Dish

$38.02

0.13 (0.34%)

11:57
06/14/19
06/14
11:57
06/14/19
11:57

Dish met with FCC, DOJ to oppose proposed Sprint, T-Mobile merger

Dish (DISH) submitted a letter to the Federal Communications Commission summarizing a meeting it attended on June 11 with FCC Chairman Ajit Pai and his Chief of Staff Matthew Berry. Makan Delrahim, Assistant Attorney General for the Antitrust Division, and Andrew Finch, Principal Deputy Assistant Attorney General for the Antitrust Division also attended the meeting on behalf of the Department of Justice. Present on behalf of Dish were Charlie Ergen, Chairman, and Tom Cullen, Executive Vice President, Corporate Development. During the meeting, Dish said it discussed its opposition to the proposed merger of Sprint (S) and T-Mobile (TMUS) "as currently constructed." DISH explained the need for a minimum of four nationwide mobile network operators and also discussed the impact of the proposed merger on its market entry and its wireless buildout plans, according to the letter.

S

Sprint

$6.79

-0.02 (-0.29%)

DISH

Dish

$38.02

0.13 (0.34%)

TMUS

T-Mobile

$74.62

0.16 (0.21%)

S Sprint
$6.79

-0.02 (-0.29%)

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.
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.
05/22/19
NWST
05/22/19
DOWNGRADE
NWST
Neutral
Sprint downgraded to Neutral from Buy at New Street
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.
DISH Dish
$38.02

0.13 (0.34%)

06/10/19
JPMS
06/10/19
NO CHANGE
Target $38
JPMS
Overweight
AT&T, Dish satellite video combination would make sense, says JPMorgan
It would make sense for AT&T (T) and Dish (DISH) to combine video operations, nearly two decades after an attempt failed in 2002, JPMorgan analyst Philip Cusick tells investors in a research note after press reports discussed a combination of Dish and DirecTV. The analyst believes the dis-synergies of pulling DirecTV away from AT&T's U-verse "in buying power would be value destructive." The analyst, however, does not think the companies are in discussions today, and he sees both "regulatory and personality issues that would have to be overcome to get to a deal." He reiterates Overweight ratings on AT&T and Dish and notes his price targets of $38 from $40, respectively, reflect no potential deal.
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.
05/20/19
PIVT
05/20/19
DOWNGRADE
PIVT
Hold
Dish downgraded to Hold from Buy at Pivotal Research
05/06/19
05/06/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Sinclair Broadcast (SBGI) upgraded to Buy from Neutral at B. Riley FBR with analyst Barton Crockett saying yhe company's deal to acquire 21 regional sports networks from Disney (DIS) at valuation of $10.6B "looks like a home-run". 2. ImmunoGen (IMGN) upgraded to Buy from Neutral at H.C. Wainwright with analyst Debjit Chattopadhyay seeing 40% downside risk to the stock if the FDA does not consider mirvetuximab to be a clinically meaningful addition to the armametum against ovarian cancer versus a 145% upside potential. 3. Dish (DISH) upgraded to Neutral from Underperform at Credit Suisse with analyst Douglas Mitchelson saying he finds that risk/reward and potential catalysts across wireless and Pay TV are now in balance. 4. Post Holdings (POST) upgraded to Buy from Neutral at Goldman Sachs with analyst Jason English stating he views the recent pullback as a buying opportunity as he thinks transient headwinds were the reason results missed investor expectations in Q2. 5. Dentsply Sirona (XRAY) upgraded to Outperform from Market Perform at Barrington with analyst Michael Petusky saying the company's turnaround is "now on a firm, provable footing". This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
TMUS T-Mobile
$74.62

0.16 (0.21%)

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.

TODAY'S FREE FLY STORIES

CMCSA

Comcast

$43.61

0.47 (1.09%)

, AMZN

Amazon.com

$1,917.14

7.41 (0.39%)

12:04
06/20/19
06/20
12:04
06/20/19
12:04
Hot Stocks
Comcast to launch Amazon Music on Xfinity services »

Comcast (CMCSA) announced…

CMCSA

Comcast

$43.61

0.47 (1.09%)

AMZN

Amazon.com

$1,917.14

7.41 (0.39%)

CMCSK

Comcast

$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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  • 25

    Jun

  • 10

    Jul

  • 25

    Jul

WORK

Slack Technologies

$0.00

(0.00%)

12:00
06/20/19
06/20
12:00
06/20/19
12:00
Syndicate
Breaking Syndicate news story on Slack Technologies »

Slack Technologies…

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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DWT

Britannia Bulk

$7.07

-1.04 (-12.82%)

12:00
06/20/19
06/20
12:00
06/20/19
12:00
Hot Stocks
Britannia Bulk falls -13.3% »

Britannia Bulk is down…

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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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$29.48

-4.73 (-13.83%)

12:00
06/20/19
06/20
12:00
06/20/19
12:00
Hot Stocks
Direxion Daily Junior Gold Miners Index Bear 3x Shares falls -13.9% »

Direxion Daily Junior…

03/08/13
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03/06/13
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03/06/13
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PIR

Pier 1 Imports

$10.11

9.4359 (1,399.78%)

12:00
06/20/19
06/20
12:00
06/20/19
12:00
Hot Stocks
Pier 1 Imports falls -24.6% »

Pier 1 Imports is down…

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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  • 26

    Jun

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$198.00

23.43 (13.42%)

12:00
06/20/19
06/20
12:00
06/20/19
12:00
Hot Stocks
VelocityShares 3x Inv Natural Gas ETN rises 13.7% »

VelocityShares 3x Inv…

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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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$11.06

1.36 (14.02%)

12:00
06/20/19
06/20
12:00
06/20/19
12:00
Hot Stocks
Direxion Daily Jr Gld Mnrs Bull 3X Shrs rises 13.9% »

Direxion Daily Jr Gld…

03/08/13
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03/06/13
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03/06/13
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TUFN

Tufin

$25.38

3.32 (15.05%)

12:00
06/20/19
06/20
12:00
06/20/19
12:00
Hot Stocks
Tufin rises 14.1% »

Tufin is up 14.1%, or…

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

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WU

Western Union

$19.80

0.09 (0.46%)

11:55
06/20/19
06/20
11:55
06/20/19
11:55
Options
Western Union put volume heavy and directionally bearish »

Bearish flow noted in…

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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BJRI

BJ's Restaurants

$43.84

2.53 (6.12%)

11:55
06/20/19
06/20
11:55
06/20/19
11:55
Conference/Events
BJ's Restaurants management to meet with Stephens »

Group Luncheon Meeting to…

03/08/13
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03/08/13
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  • 20

    Jun

  • 25

    Jun

  • 27

    Jun

11:50
06/20/19
06/20
11:50
06/20/19
11:50
General news
Treasury's $75 B in 4- and 8-week bill auctions were well received »

Treasury's $75 B in…

BRKR

Bruker

$48.19

0.45 (0.94%)

11:49
06/20/19
06/20
11:49
06/20/19
11:49
Earnings
Bruker sees medium-term EPS growth of 11%-15%, organic revenue growth of 5%-7% »

Sees FY22 EPS of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 20

    Jun

  • 06

    Sep

GO

Grocery Outlet

$0.00

(0.00%)

11:46
06/20/19
06/20
11:46
06/20/19
11:46
Syndicate
Breaking Syndicate news story on Grocery Outlet »

Grocery Outlet opens at…

03/08/13
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03/06/13
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03/06/13
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  • 20

    Jun

BRKR

Bruker

$48.08

0.34 (0.71%)

11:45
06/20/19
06/20
11:45
06/20/19
11:45
Earnings
Bruker sees FY19 EPS $1.57-$1.61, consensus $1.61 »

Sees FY19 revenue…

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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  • 20

    Jun

  • 06

    Sep

ZUO

Zuora

$15.64

-0.27 (-1.70%)

11:45
06/20/19
06/20
11:45
06/20/19
11:45
Options
Zuora call volume above normal and directionally bullish »

Bullish option flow…

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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WORK

Slack Technologies

$0.00

(0.00%)

11:44
06/20/19
06/20
11:44
06/20/19
11:44
Syndicate
Breaking Syndicate news story on Slack Technologies »

Slack Technologies…

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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PSNL

Personalis

$0.00

(0.00%)

11:42
06/20/19
06/20
11:42
06/20/19
11:42
Syndicate
Breaking Syndicate news story on Personalis »

Personalis opens at…

03/08/13
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03/08/13
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03/06/13
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  • 20

    Jun

UAA

Under Armour

$26.88

-0.08 (-0.30%)

11:40
06/20/19
06/20
11:40
06/20/19
11:40
Conference/Events
Under Armour management to meet with Piper Jaffray »

Meeting to be held in…

03/08/13
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  • 20

    Jun

SHOP

Shopify

$330.32

2.92 (0.89%)

11:39
06/20/19
06/20
11:39
06/20/19
11:39
Recommendations
Shopify analyst commentary  »

Shopify price target…

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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  • 05

    Sep

HSY

Hershey

$137.38

-0.56 (-0.41%)

, SHOP

Shopify

$328.25

0.85 (0.26%)

11:37
06/20/19
06/20
11:37
06/20/19
11:37
On The Fly
Apple initiation, Shopify downgrade among today's top analyst calls »

Check out today's top…

HSY

Hershey

$137.38

-0.56 (-0.41%)

SHOP

Shopify

$328.25

0.85 (0.26%)

TSLA

Tesla

$220.25

-6.11 (-2.70%)

AMRN

Amarin

$19.69

0.27 (1.39%)

AAPL

Apple

$198.73

0.86 (0.43%)

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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  • 05

    Sep

  • 28

    Sep

11:36
06/20/19
06/20
11:36
06/20/19
11:36
General news
8-Week Bill Auction Total Amount data reported »

8-Week Bill Auction Total…

11:36
06/20/19
06/20
11:36
06/20/19
11:36
General news
4-Week Bill Auction Total Amount data reported »

4-Week Bill Auction Total…

AKRO

Akero Therapeutics

$0.00

(0.00%)

11:34
06/20/19
06/20
11:34
06/20/19
11:34
Syndicate
Breaking Syndicate news story on Akero Therapeutics »

Akero Therapeutics opens…

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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  • 20

    Jun

AKRO

Akero Therapeutics

$0.00

(0.00%)

11:32
06/20/19
06/20
11:32
06/20/19
11:32
Syndicate
Breaking Syndicate news story on Akero Therapeutics »

Akero Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 20

    Jun

TYPE

Monotype Imaging

$17.90

1.41 (8.55%)

11:30
06/20/19
06/20
11:30
06/20/19
11:30
Recommendations
Monotype Imaging analyst commentary  »

Private equity buyer…

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