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UBSFY

Ubisoft

$0.00

(0.00%)

, TTWO

Take-Two

$117.64

0.15 (0.13%)

04:55
07/18/19
07/18
04:55
07/18/19
04:55

Wedbush digital media analyst to hold an analyst/industry conference call

Digital Media Analyst Pachter recaps video game sales on an Analyst/Industry conference call to be held on July 19 at 10:30 am.

UBSFY

Ubisoft

$0.00

(0.00%)

TTWO

Take-Two

$117.64

0.15 (0.13%)

NTDOY

Nintendo

$0.00

(0.00%)

GME

GameStop

$4.39

-0.245 (-5.29%)

EA

Electronic Arts

$89.72

0.15 (0.17%)

ATVI

Activision Blizzard

$46.69

-0.29 (-0.62%)

  • 19

    Jul

  • 30

    Jul

  • 05

    Aug

  • 08

    Aug

  • 08

    Aug

  • 05

    Sep

  • 13

    Nov

UBSFY Ubisoft
$0.00

(0.00%)

07/15/19
JEFF
07/15/19
UPGRADE
JEFF
Buy
Ubisoft upgraded to Buy from Hold at Jefferies
Jefferies upgraded Ubisoft to Buy from Hold and raised its price target for the shares to 85 euros from 75 euros.
01/30/19
GSCO
01/30/19
INITIATION
GSCO
Neutral
Ubisoft initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Michael Ng started Ubisoft with a Neutral rating and EUR 81 price target. Ubisoft, among its video game peers, generates a smaller share of bookings from digital, in-game spending, and mobile, resulting in lower EBIT margins, Ng tells investors in a research note. Further, he believes the company's valuation is high relative to peers and that its near-term growth opportunities are well understood.
05/15/19
GSCO
05/15/19
NO CHANGE
GSCO
Goldman says report of Epic store unlock in China positive for Take-Two, Ubisoft
After a report citing Chinese news site Techweb claimed that the Epic games store has been unlocked in China, Goldman Sachs analyst Michael Ng said he views the news as positive for video game publishers, notably Take-Two (TTWO) and Ubisoft (UBSFY) given the launches of Borderlands 3 and The Outer Worlds by the former and The Division 2 and Ghost Recon Breakpoint for the latter. Ng has a Buy rating on Take-Two and a Neutral rating on Ubisoft.
06/10/19
SBSH
06/10/19
INITIATION
SBSH
Buy
Ubisoft initiated with a Buy at Citi
Citi analyst Thomas Singlehurst started Ubisoft with a Buy rating and EUR 85 price target. The analyst sees the move to cloud-based gaming services extending the addressable market for the company.
TTWO Take-Two
$117.64

0.15 (0.13%)

07/11/19
JEFF
07/11/19
DOWNGRADE
Target $115
JEFF
Hold
Take-Two assumed with a Hold from Buy at Jefferies
Jefferies analyst Alex Giaimo downgraded Take-Two Interactive Software to Hold from Buy after assuming of the name. The analyst lowered his price target for the shares to $115 from $135. The company is now in a "soft spot" when considering the timing of its next major release, Giaimo tells investors in a research note. Further, the company faces tough comps in fiscal 2020, adds the analyst.
07/09/19
BNCH
07/09/19
NO CHANGE
BNCH
Alibaba, Take-Two among Benchmark's Best Ideas for second half
Benchmark's analyst team laid out their Best Ideas for the second half of 2019, naming Alibaba (BABA), Take-Two (TTWO), BioTelemetry (BEAT), Biofrontera (BFRA), Chembio Diagnostics (CEMI), Ctrip (CTRP), Green Thumb Industries (GTBIF), II-VI (IIVI), LivePerson (LPSN), Nanometrics (NANO), Nexstar (NXST), Pegasystems (PEGA), Tabula Rasa HealthCare (TRHC) and Waitr Holdings (WTRH) to their list.
07/16/19
PIPR
07/16/19
NO CHANGE
PIPR
Overweight
Piper video game viewing data most favorable for Activision Blizzard
Piper Jaffray analyst Michael Olson says his firm's Q2 "TwitchAdviser," an analysis of video game viewing data, is most favorable for Activision Blizzard (ATVI), with additional positive takeaways for Take-Two Interactive (TTWO). Activision viewership is up 15% quarter-over-quarter, versus the analyst's estimate for a 3% digital revenue decline, excluding King, Olson tells investors in a research note. Take-Two viewing increased 149% quarter-over-quarter versus Olson's estimate for a 26% decline in recurrent revenue. That much of an uptick in viewership is unlikely to result in a recurrent revenue increase of similar magnitude, given much of the viewing for Grand Theft Auto s driven by un-monetized modding, the analyst tells investors in a research note. Further, for the second consecutive quarter, Electronic Arts' (EA) Apex Legends was among the top movers, but this time on a downward trajectory, adds Olson. He maintains Overweight ratings on all three names.
07/17/19
COWN
07/17/19
NO CHANGE
Target $126
COWN
Outperform
Take-Two price target raised to $126 from $113 at Cowen
Cowen analyst Doug Creutz raised his price target on Take-Two to $126 from $123 ahead of Q1 results. The analyst expects a relatively quiet quarter with very low risk of an earning miss given the quarter will be largely driven by fairly predictable recurring digital revenue. Creutz reiterated his Outperform rating on Take-Two shares.
NTDOY Nintendo
$0.00

(0.00%)

07/11/19
07/11/19
UPGRADE

Outperform
Nintendo upgraded to Outperform on Switch Lite launch at Wedbush
As previously reported, Wedbush analyst Michael Pachter upgraded Nintendo to Outperform from Neutral as he expects the introduction of the Nintendo Switch Lite to drive hardware and software sales well above 2020 guidance and maintain the company's positive momentum into 2021. The analyst also cited increased optimism about Switch's future success, and the release of the mobile game Mario Kart Tour this summer, which could also act as a positive catalyst for shares.
07/10/19
WEDB
07/10/19
UPGRADE
WEDB
Outperform
Nintendo upgraded to Outperform from Neutral at Wedbush
11/26/18
WEDB
11/26/18
NO CHANGE
WEDB
Sony appeared to be video game hardware winner on Black Friday, says Wedbush
Wedbush analyst Michael Pachter notes that each of the four game retailers he tracked, namely Best Buy (BBY), GameStop (GME), Target (TGT) and Walmart (WMT) offered the Marvel's Spider-Man PlayStation 4 Bundle that included a slim PS4 with a 1TB hard drive and Sony's (SNE) Marvel's Spider-Man for $199.99, as well as the Microsoft's (MSFT) Xbox One S Minecraft Creators Bundle that included an Xbox One S with a 1TB hard drive, a Minecraft full game download, the Starter Pack, the Creators Pack, and 1,000 Minecoins for $199.99. Nintendo's (NTDOY) primary hardware offering was less compelling given that it was priced at the console's standard MSRP, he adds. The only sell-out that the analyst saw over Black Friday was the primary PS4 deal. Pachter expects the Black Friday deals to eventually translate into permanent price cuts for the base PS4 and Xbox One, possibly by this Christmas.
06/11/19
MACQ
06/11/19
INITIATION
MACQ
Outperform
Nintendo initiated with an Outperform at Macquarie
Macquarie analyst Damian Thong initiated Nintendo with an Outperform rating earlier.
GME GameStop
$4.39

-0.245 (-5.29%)

06/05/19
LOOP
06/05/19
NO CHANGE
Target $7
LOOP
Hold
GameStop price target lowered to $7 from $8 at Loop Capital
Loop Capital analyst Anthony Chukumba lowered his price target on GameStop to $7 and kept his Hold rating after its "weak" Q1 results that showed sales declines in the company's "crucial" new video game hardware, software, and pre-owned game product categories. The analyst adds that GameStop's deteriorating profitability and eliminated dividend payout signal the management's lost confidence in the company's ability to generate cash flows.
06/05/19
BNCH
06/05/19
NO CHANGE
Target $5
BNCH
Sell
Benchmark cuts GameStop price target to $5 as business 'burns to the ground'
Benchmark analyst Mike Hickey reiterated his Sell rating on GameStop shares following the company's "disappointing" Q1 sales performance, reiteration of its "dismal" FY19 forecast and elimination of its quarterly cash dividend. He also reduced his price target on the stock from $9 to $5 "as business burns to the ground," telling investors that he sees the company having "little value" amid the industry's on-going transition to the digital economy.
07/15/19
LOOP
07/15/19
NO CHANGE
Target $7
LOOP
Hold
GameStop Dutch tender auction a 'sensible' capital allocation, says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Hold rating and $7 price target on GameStop, saying the company's plans to repurchase 12M shares of its common stock under a modified Dutch tender auction is a "sensible capital allocation" but does not change his view of it as a "show-me story". The analyst raises his FY19 EPS view on GameStop to $1.27 from $1.19 to reflect the impact, but maintains that the valuation on the stock is appropriate given the continued secular decline in its core video game business.
06/05/19
ASCN
06/05/19
DOWNGRADE
ASCN
Hold
GameStop downgraded to Hold from Buy at Ascendiant
Ascendiant analyst Edward Woo downgraded GameStop to Hold from Buy following the company's weak Q1 revenue and FY19 guidance, citing increased concerns about the "digital threat."
EA Electronic Arts
$89.72

0.15 (0.17%)

07/12/19
PIPR
07/12/19
NO CHANGE
Target $115
PIPR
Overweight
Apex Legends engagement brings confidence in EA's outlook, says Piper Jaffray
Shares of Electronic Arts have fallen ~10% since the new content for Apex Legends was made available on July 2, Piper Jaffray analyst Michael Olson tells investors in a research note. However, player engagement, as measured by Twitch viewing, has been largely in-line with expectations and increases confidence in EA's ability to hit the guidance range of $300M-$400M for Apex Legends in fiscal 2020, Olson says. He believes management's overall fiscal 2020 outlook appears "somewhat conservative, with limited downside risk to any major components." The analyst maintains an Overweight rating on Electronic Arts with a $115 price target.
07/16/19
SPHN
07/16/19
NO CHANGE
Target $120
SPHN
Overweight
Electronic Arts weakness on Juventus news a buying opportunity, says Stephens
Stephens analyst Jeff Cohen noted that Konami announced a deal with Italian soccer club Juventus to appear exclusively in the Japanese developer's "Pro Evolution Soccer," which means Electronic Arts' FIFA 20 will not feature Juventus or the team's stadium. While he recognizes that Cristiano Ronaldo, the game's most recognizable player, plays for Juventus, Cohen also noted that EA stated in a blog post that the company will still have the name and likeness of all of Juventus' players and will simply rename the team in its game. Cohen said he sees this as a one-off agreement, rather than a sign of increasing competition for EA, and he would be a buyer of the shares amid today's weakness. He keeps an Overweight rating and $120 price target on the stock.
07/17/19
JEFF
07/17/19
NO CHANGE
Target $100
JEFF
Hold
Electronic Arts loss of Juventus deal a 'non-issue,' says Jefferies
Shares of Electronic Arts traded down 3% yesterday as main competitor Pro Evolution Soccer announced an exclusive licensing deal with popular Italian football club Juventus, Jefferies analyst Alex Giaimo tells investors in a research note. Importantly, the does not include exclusive rights to the players themselves, meaning all Juventus players and attributes will still be featured in FIFA 20, adds the analyst. Electronic Arts released a statement confirming the news, and announced a new club named "Piemonte Calcio", which will essentially be the fill-in team name for Juventus, notes Giaimo. The analyst views yesterday's news as a "non-issue." The company's FIFA franchise has built up enough goodwill over the past 26 years, making it hard to believe loss of rights to one club would be enough to turn off potential player, says Giaimo. The analyst, despite believing the Juventus concerns are overblown, keeps a Hold rating on Electronic Arts due to "mixed Apex sentiment."
ATVI Activision Blizzard
$46.69

-0.29 (-0.62%)

07/11/19
JEFF
07/11/19
INITIATION
Target $56
JEFF
Buy
Activision Blizzard assumed with a Buy at Jefferies
Jefferies analyst Alex Giaimo assumed coverage of Activision Blizzard with a Buy rating and lowered his price target for the shares to $56 from $60. The analyst calls Activision his top pick in Interactive Entertainment. He believe 2020 will be the "payoff year." Late 2019 catalysts will lead to modest multiple expansion, Giaimo tells investors in a research note.
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.
06/07/19
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.

TODAY'S FREE FLY STORIES

HON

Honeywell

$168.81

-6 (-3.43%)

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AMD

AMD

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, NFLX

Netflix

$362.50

-3.22 (-0.88%)

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$33.59

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NFLX

Netflix

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AMAT

Applied Materials

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0.21 (0.46%)

TSLA

Tesla

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2.47 (0.98%)

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ABT

Abbott

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2.67 (3.21%)

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MNKD

MannKind

$1.04

-0.055 (-5.05%)

08:54
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AMZN

Amazon.com

$1,992.41

-17.59 (-0.88%)

08:54
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Periodicals
Amazon's Go outlets in Chicago falling short of expectations, Bloomberg reports »

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WP

Worldpay

$132.28

1.07 (0.82%)

08:52
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08:52
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Initiation
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ONEXF

Onex

$0.00

(0.00%)

08:52
07/18/19
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EBAY

eBay

$39.03

-0.87 (-2.18%)

, FB

Facebook

$201.97

-1.9 (-0.93%)

08:51
07/18/19
07/18
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08:51
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eBay, Facebook analyst commentary  »

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EBAY

eBay

$39.03

-0.87 (-2.18%)

FB

Facebook

$201.97

-1.9 (-0.93%)

03/08/13
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  • 24

    Jul

WEX

Wex

$218.50

0.11 (0.05%)

08:51
07/18/19
07/18
08:51
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08:51
Initiation
Wex initiated  »

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MYOK

MyoKardia

$49.90

-0.21 (-0.42%)

08:50
07/18/19
07/18
08:50
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MyoKardia expects cash, cash equivalents to fund operations into 2H21 »

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  • 09

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V

Visa

$179.16

-0.14 (-0.08%)

08:50
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07/18
08:50
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08:50
Initiation
Visa initiated  »

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  • 23

    Jul

TSS

TSYS

$133.04

0.06 (0.05%)

08:50
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07/18
08:50
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08:50
Initiation
TSYS initiated  »

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CIR

Circor

$37.12

-1.22 (-3.18%)

08:50
07/18/19
07/18
08:50
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08:50
Upgrade
Circor rating change  »

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  • 01

    Aug

MYOK

MyoKardia

$49.90

-0.21 (-0.42%)

, SNY

Sanofi

$41.57

-0.25 (-0.60%)

08:49
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Hot Stocks
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MyoKardia (MYOK)…

MYOK

MyoKardia

$49.90

-0.21 (-0.42%)

SNY

Sanofi

$41.57

-0.25 (-0.60%)

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SQ

Square

$80.81

0.23 (0.29%)

08:49
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Initiation
Square initiated  »

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  • 01

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TMDI

Titan Medical

$2.19

-0.025 (-1.13%)

08:49
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PYPL

PayPal

$118.80

-0.88 (-0.74%)

08:49
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  • 24

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MYOK

MyoKardia

$49.90

-0.21 (-0.42%)

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  • 09

    Sep

MA

MasterCard

$275.34

-1.1 (-0.40%)

08:48
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08:48
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08:48
Initiation
MasterCard initiated  »

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  • 30

    Jul

GDOT

Green Dot

$47.85

-0.525 (-1.09%)

08:47
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07/18
08:47
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08:47
Initiation
Green Dot initiated  »

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GPN

Global Payments

$165.06

0.215 (0.13%)

08:47
07/18/19
07/18
08:47
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Initiation
Global Payments initiated  »

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  • 30

    Jul

  • 13

    Nov

FLT

FleetCor

$289.72

-1.21 (-0.42%)

08:46
07/18/19
07/18
08:46
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08:46
Initiation
FleetCor initiated  »

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GPC

Genuine Parts

$102.27

-3.07 (-2.91%)

08:46
07/18/19
07/18
08:46
07/18/19
08:46
Earnings
Genuine Parts updates FY19 revenue growth view to 4.5%-5.5%, consensus $19.55B »

The company said,…

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  • 18

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