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TTWO

Take-Two

$115.83

-1.32 (-1.13%)

, ZNGA

Zynga

$6.27

-0.03 (-0.48%)

12:25
07/11/19
07/11
12:25
07/11/19
12:25

Jefferies Internet analysts to hold analyst/industry conference call

Internet & Interactive Entertainment Analyst Giaimo and U.S. Technology Specialist Weisfeld discuss Jefferies video game industry initiation on an Analyst/Industry conference call to be held on July 11 at 1 pm.

TTWO

Take-Two

$115.83

-1.32 (-1.13%)

ZNGA

Zynga

$6.27

-0.03 (-0.48%)

EA

Electronic Arts

$93.91

-0.06 (-0.06%)

ATVI

Activision Blizzard

$47.17

0.33 (0.70%)

  • 11

    Jul

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    Jul

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    Jul

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    Aug

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    Aug

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    Sep

  • 13

    Nov

TTWO Take-Two
$115.83

-1.32 (-1.13%)

06/27/19
06/27/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tesla (TSLA) initiated with an Underperform at Credit Suisse while Ford (F) and General Motors (GM) initiated with an Outperform. 2. Take-Two (TTWO) initiated with a Buy at SunTrust. 3. Infinity Pharmaceuticals (INFI) initiated with an Outperform at Oppenheimer. 4. Nomad Foods (NOMD) initiated with a Buy at Goldman Sachs. 5. Schlumberger (SLB) initiated with a Buy at Gabelli. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
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.
06/26/19
RHCO
06/26/19
INITIATION
RHCO
Buy
Take-Two initiated with a Buy at SunTrust
SunTrust analyst Matthew Thornton initiated Take-Two with a Buy rating and $125 price target. Thornton said he likes Take-Two as it is a long-term outperformer under its current leadership, and sees the next GTA game, which should land in FY22/CY21, as a "North Star" for the stock that can drive $6-$7 in EPS. He added that this year he sees potential upside driven by games sales such as Borderlands 3, and recurrent revenue.
ZNGA Zynga
$6.27

-0.03 (-0.48%)

05/30/19
SPHN
05/30/19
UPGRADE
SPHN
Overweight
Zynga upgraded to Overweight from Equal Weight at Stephens
07/11/19
JEFF
07/11/19
INITIATION
Target $7.5
JEFF
Buy
Zynga assumed with a Buy at Jefferies
Jefferies analyst Alex Giaimo assumed coverage of Zynga with a Buy rating and raised his price target for the shares to $7.50 from $7. As a mobile-first operator, Zynga is uniquely positioned to succeed within one of the fastest growing segments of gaming, Giaimo tells investors in a research note. Further, the company is less exposed to the "hits-driven" nature that's faced by the larger U.S. publishers, adds the analyst.
05/30/19
05/30/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Citi (C) upgraded to Buy from Neutral at Goldman Sachs with analyst Richard Ramsden saying he sees a "realistic path" to a 13% return on tangible common equity in 2020 for Citi, or 100 basis points ahead of market expectations, which he notes is not contingent on either higher interest rates or strengthening global growth trends. 2. Comcast (CMCSA) upgraded to Buy from Neutral at Guggenheim with analyst Mike McCormack saying the company's successful pivot from primarily a video distributor to a connectivity company "has been fairly smooth." 3. Zynga (ZNGA) upgraded to Overweight from Equal Weight at Stephens with analyst Jeff Cohen saying the continued acceleration of recent acquisitions and the fact that Social Casino could be poised for a second half re-acceleration give him additional confidence in Zynga's live service portfolio. 4. Penumbra (PEN) upgraded to Overweight from Neutral at JPMorgan with analyst Robert Marcus saying the Street is overly focused on competitive entrants to the stroke aspiration market. 5. Cypress Semiconductor (CY) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Craig Hettenbach citing press reports indicating that the company is exploring strategic options. 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
SPHN
05/30/19
UPGRADE
Target $8.25
SPHN
Overweight
Stephens upgrades Zynga to Overweight on live services confidence, M&A potential
As previously reported, Stephens analyst Jeff Cohen upgraded Zynga to Overweight from Equal Weight, stating that the continued acceleration of recent acquisitions and the fact that Social Casino could be poised for a second half re-acceleration give him additional confidence in Zynga's live service portfolio. His sum-of-the-parts analysis indicates that at current prices investors are "getting a nearly free call option on the company's robust new game slate and likely accretive M&A," said Cohen, who raised his price target on Zynga shares to $8.25 from $6.50. His industry contacts indicate that Zynga's reputation as a place where game creators want to go work has "vastly improved," Cohen added.
EA Electronic Arts
$93.91

-0.06 (-0.06%)

07/11/19
JEFF
07/11/19
INITIATION
Target $100
JEFF
Hold
Electronic Arts assumed with a Hold at Jefferies
Jefferies analyst Alex Giaimo assumed coverage of Electronic Arts with a Hold rating and unchanged $100 price target. The company has struggled in developing consistent non-sports breakout content, says the analyst. Absent any Apex upside, the analyst does not see a catalyst to move the stock.
07/02/19
BMOC
07/02/19
NO CHANGE
Target $130
BMOC
Outperform
Electronic Arts price target raused to $130 from $116 at BMO Capital
BMO Capital analyst Gerrick Johnson raised his price target for Electronic Arts to $130 from $116 and maintained an Outperform rating, citing increased confidence the company will be able to exceed both Street EPS estimates and company guidance for fiscal 2020 due to the positive reaction to Apex Legends season 2 previews, post-E3 buzz around Respawn's Jedi: FallenOrder, and new Volta Street mode in FIFA20.
06/28/19
SPHN
06/28/19
NO CHANGE
Target $120
SPHN
Overweight
Stephens 'very encouraged' by reaction to EA's Apex Season 2 trailer
Stephens analyst Jeff Cohen said in a note to investors before the open that he was "very encouraged by the overwhelmingly positive reaction" to the Apex Legends Season 2 trailer that was released by Electronic Arts yesterday. He believes the engagement, which is tracking significantly above Season 1, bodes well for the game's success ahead of it going live on July 2. He continues to think Season 2 could generate over $150M in revenue, which could lead to upside to EA's full year guidance for the game of $300M-$400M. The analyst, who noted that he believes buyside expectations for Apex are closer to the low-end to middle of that range, keeps an Overweight rating and $120 price target on EA shares.
06/24/19
SPHN
06/24/19
NO CHANGE
Target $120
SPHN
Overweight
Stephens switches best idea in video games to Electronic Arts
Stephens analyst Jeff Cohen said he is switching his best idea in video games to Electronic Arts (EA) from Take-Two (TTWO) as he sees more near-term catalysts for the former, noting that Apex Legends Season 2 begins on July 2. While not predicting that Apex is going to eclipse Fortnite again as it did in February, Cohen thinks Fortnite's popularity has "hit a lull" with Season 2 launching at the right time to capture momentum for Apex. The analyst, who sees a bull case scenario where Season 2 generates $150M in revenue for EA, also expects the company to announce a deal to bring Apex to China and mobile, he said. Cohen keeps an Overweight rating on EA shares with a $120 price target.
ATVI Activision Blizzard
$47.17

0.33 (0.70%)

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.
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.
06/06/19
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.

TODAY'S FREE FLY STORIES

SPY

SPDR S&P 500 ETF Trust

$297.82

0.65 (0.22%)

08:17
07/23/19
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08:17
Technical Analysis
SPDR S&P 500 ETF Trust: Pivot points »

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CHMA

Chiasma

$6.19

-0.11 (-1.75%)

08:17
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Conference/Events
Chiasma to hold a conference call »

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XLF

Financial Select Sector

$27.99

0.065 (0.23%)

08:17
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Technical Analysis
Financial Select Sector: Pivot points »

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SMH

Market Vectors Semiconductor

$118.79

2.36 (2.03%)

08:16
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Technical Analysis
Market Vectors Semiconductor: Pivot points »

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QQQ

Invesco QQQ Trust

$192.55

1.59 (0.83%)

08:16
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Technical Analysis
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OPNT

Opiant Pharmaceuticals

$12.94

-0.06 (-0.46%)

, SNY

Sanofi

$42.19

0.25 (0.60%)

08:16
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Hot Stocks
Opiant Pharmaceuticals, Sanofi sign agreement for manufacturing OPNT004 »

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OPNT

Opiant Pharmaceuticals

$12.94

-0.06 (-0.46%)

SNY

Sanofi

$42.19

0.25 (0.60%)

03/08/13
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  • 29

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$COMP

Nasdaq Composite

$0.00

(0.00%)

08:16
07/23/19
07/23
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Technical Analysis
Nasdaq Composite: Pivot points »

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NDX

Nasdaq 100 Index

$0.00

(0.00%)

08:16
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Technical Analysis
Nasdaq 100 Index: Pivot points »

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IFNNY

Infineon

$0.00

(0.00%)

08:14
07/23/19
07/23
08:14
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08:14
Initiation
Infineon initiated  »

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  • 01

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MJARF

MJardin Group

$0.00

(0.00%)

08:14
07/23/19
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08:14
Hot Stocks
MJardin Group receives transfer of license agreement for Nevada facility »

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  • 29

    Aug

HK

Halcon Resources

$0.16

-0.0109 (-6.41%)

08:12
07/23/19
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08:12
Hot Stocks
Halcon Resources announces suspension of trading, commencement of NYSE delisting »

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BLMN

Bloomin' Brands

$17.48

-0.37 (-2.07%)

08:11
07/23/19
07/23
08:11
07/23/19
08:11
Initiation
Bloomin' Brands initiated  »

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  • 31

    Jul

DOOO

BRP Inc.

$33.47

-0.85 (-2.48%)

08:11
07/23/19
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08:11
Hot Stocks
BRP Inc. announces completion of substantial issuer bid »

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MYOV

Myovant Sciences

$8.15

-0.25 (-2.98%)

08:11
07/23/19
07/23
08:11
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08:11
Conference/Events
Myovant Sciences to host conference call »

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  • 23

    Jul

ACAD

Acadia

$25.97

0.28 (1.09%)

08:09
07/23/19
07/23
08:09
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08:09
Recommendations
Acadia analyst commentary  »

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  • 31

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CACI

CACI

$210.64

(0.00%)

08:09
07/23/19
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08:09
Hot Stocks
CACI awarded $232M contract by Intelligence Community customer »

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  • 15

    Aug

AAPL

Apple

$207.21

4.59 (2.27%)

, INTC

Intel

$51.36

1.1 (2.19%)

08:09
07/23/19
07/23
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08:09
Recommendations
Apple, Intel, Qualcomm analyst commentary  »

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AAPL

Apple

$207.21

4.59 (2.27%)

INTC

Intel

$51.36

1.1 (2.19%)

QCOM

Qualcomm

$75.93

0.9 (1.20%)

03/08/13
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ORIT

Oritani Financial

$17.41

0.02 (0.12%)

, VLY

Valley National

$10.67

-0.02 (-0.19%)

08:08
07/23/19
07/23
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08:08
Earnings
Oritani Financial reports Q4 EPS 30c, consensus 27c »

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ORIT

Oritani Financial

$17.41

0.02 (0.12%)

VLY

Valley National

$10.67

-0.02 (-0.19%)

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  • 25

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    Aug

LMT

Lockheed Martin

$357.57

0.675 (0.19%)

08:08
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Hot Stocks
Lockheed Martin boosts FY19 segment operating profit view to $6.325B-$6.475B »

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  • 23

    Jul

ATNM

Actinium Pharmaceuticals

$0.23

-0.0051 (-2.13%)

08:06
07/23/19
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08:06
Hot Stocks
Actinium Pharma achieves 50% patient enrollment for Phase 3 Sierra trial »

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MTD

Mettler-Toledo

$818.56

3.57 (0.44%)

08:06
07/23/19
07/23
08:06
07/23/19
08:06
Downgrade
Mettler-Toledo rating change  »

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  • 01

    Aug

ANFI

Amira Nature Foods

$0.70

(0.00%)

08:06
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08:06
Hot Stocks
Amira Nature Foods expects to sell over $12M of edible oils in FY20 »

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SOLY

Soliton

$14.75

2.62 (21.60%)

08:05
07/23/19
07/23
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08:05
Hot Stocks
Soliton granted key patent by European Patent Office »

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FELE

Franklin Electric

$45.70

0.11 (0.24%)

08:05
07/23/19
07/23
08:05
07/23/19
08:05
Earnings
Franklin Electric lowers FY19 EPS ex-restructuring charges view $2.15-$2.25 »

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  • 23

    Jul

VIVE

Viveve

$0.41

-0.0155 (-3.68%)

08:04
07/23/19
07/23
08:04
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08:04
Downgrade
Viveve rating change  »

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