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SPOT

Spotify

$151.43

-2.85 (-1.85%)

, DIS

Disney

$144.33

-0.72 (-0.50%)

09:27
07/17/19
07/17
09:27
07/17/19
09:27

Disney Music Group announces launch of new Spotify music hub

Disney Music Group (DIS) announced that it has partnered with Spotify (SPOT) on a "first of its kind" dedicated music hub. "Beginning today, Spotify users in the United States, Canada, South Africa, The United Kingdom, Ireland, Australia and New Zealand can search 'Disney' and find a designated hub for all the music behind some of their all-time favorite Disney movies, television shows, and more," the company announced.

SPOT

Spotify

$151.43

-2.85 (-1.85%)

DIS

Disney

$144.33

-0.72 (-0.50%)

  • 31

    Jul

  • 06

    Aug

SPOT Spotify
$151.43

-2.85 (-1.85%)

04/26/19
MSCO
04/26/19
NO CHANGE
MSCO
Overweight
Spotify should be long-term winner as streaming music grows, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne said that competition concerns and perceived label tensions have recently weighed on Spotify (SPOT) shares, but he reiterates his Overweight rating and $170 price target on the stock ahead of the company's upcoming Q1 report on Monday. He continues to see a significant runway for growth at Spotify given its leadership position in Android, the largest mobile ecosystem globally, as well as its higher engagement level relative to competitors such as Amazon Music (AMZN), the analyst tells investors. Streaming now accounts for 47% of global music industry revenue, per IFPI, and should surpass 50% of music industry revenues in 2019, noted Swinburne.
06/24/19
EVER
06/24/19
DOWNGRADE
EVER
Underperform
Spotify downgraded to Underperform from In Line at Evercore ISI
06/24/19
EVER
06/24/19
DOWNGRADE
Target $110
EVER
Underperform
Spotify downgraded to Underperform at Evercore ISI
As previously reported, Evercore ISI analyst Kevin Rippey downgraded Spotify to Underperform from In Line and lowered his price target on the shares to $110 from $125, stating that the recent rally in the stock "reflects an overly optimistic view" on the company's gross margin path and potential label negotiation outcomes. He does not see a way for Spotify to generate the gross profits "demanded by Street estimates" in the medium-term, Rippey tells investors. The risk "is real" that publisher rates go higher per the existing Copyright Royalty Board ruling and SensorTower data shows that competition at the country level is far more intense than suggested by global aggregates, the analyst said.
06/24/19
06/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Sonoco (SON) downgraded to Sell from Neutral at Goldman Sachs with analyst Brian Maguire citing valuation. 2. Occidental Petroleum (OXY) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Devin McDermott saying he believes covering the 2020 dividend at current oil prices will require meaningful capital expenditure cuts, even though the Anadarko (APC) deal looks accretive to cash flow. 3. International Paper (IP) downgraded to Equal Weight from Overweight at Stephens with analyst Mark Connelly saying RISI decided to cut the price of containerboard $10 "just three days after investors breathed a sigh of relief on encouraging supply-demand fundamentals." 4. Shopify (SHOP) downgraded to Neutral from Buy at Roth Capital with analyst Darren Aftahi saying he remains positive on its underlying business prospects following the company's Unite conference and investor day but not on the stock's valuation, which has increased in the wake of the event. 5. Spotify (SPOT) downgraded to Underperform from In Line at Evercore ISI with analyst Kevin Rippey saying the recent rally in the stock "reflects an overly optimistic view" on the company's gross margin path and potential label negotiation outcomes. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DIS Disney
$144.33

-0.72 (-0.50%)

06/24/19
BOFA
06/24/19
NO CHANGE
BOFA
Disney's 'Toy Story 4' could generate $1B-$1.15B, says BofA/Merrill
BofA/Merrill analyst Jessica Reif Ehrlich maintained a Buy rating and $168 price target on Disney shares following the a "healthy" opening weekend at the box office for "Toy Story 4," which earned $118M domestically, an almost 7% increase on the opening weekend results for "Toy Story 3." The analyst believes "Toy Story 4" could generate between $1-$1.15bn in ultimate global box office for Disney, which could produce 23c in EPS for Disney over the life of the film. She added that the film could have favorable implications as a driver for the new Disney+ service.
07/03/19
LOOP
07/03/19
NO CHANGE
Target $11
LOOP
Hold
AMC Entertainment price target lowered to $11 from $15 at Loop Capital
Loop Capital analyst Alan Gould lowered his price target on AMC Entertainment (AMC) to $11 and kept his Hold rating to reflect the lower box office numbers in Q2. The analyst states that the stock was particularly hard hit by the company's higher leverage, with the adoption of new lease accounting rules suggesting that its debt levels doubled to $10B in the latest quarter. Gould also contends that the selloff may be overdone with much easier comparisons expected in Q3, though Q4 will bring added pressure from Disney's (DIS) launch of its OTT service and 2020 will be challenged by Disney's push out of Avatar sequel release.
07/09/19
NEED
07/09/19
NO CHANGE
NEED
Hold
Disney battle with Netflix in OTT to be 'expensive', says Needham
Needham analyst Laura Martin keeps her Hold rating on Disney (DIS), saying that while the valuation on the stock has gapped up based on investor expectations of it "winning" the OTT battle, she believes that it will take longer for the company to "displace" Netflix (NFLX) and beat the other competitors in the space. The analyst raises her FY20 revenue estimates to $83.4B from $76.6B to account for the contribution of the new Fox assets, but also lowers her EPS view by 15c to $6.39 to reflect the higher investments tied to Disney's OTT service, as the management will have to incur higher TV production costs due to digital platform competition coming from "Netflix, Hulu, Amazon (AMZN) Video, etc."
07/11/19
UBSW
07/11/19
NO CHANGE
Target $420
UBSW
Buy
Netflix is widening its 'competitive moat', says UBS
UBS analyst Eric Sheridan kept his Buy rating and $420 price target on Netflix (NFLX), saying he sees the company's competitive moat growing in strength. The analyst notes that while the launch of Disney+ (DIS) at the end of this year remains an unknown, the pricing power and content success of Netflix have resulted in "only modest" churn dynamics and "broad-based" add trends.

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Royal Gold

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Abbott

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1.59 (1.99%)

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On The Fly
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RETA

Reata Pharmaceuticals

$155.99

55.62 (55.42%)

10:43
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EMR

Emerson

$67.29

0.08 (0.12%)

10:42
10/15/19
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Emerson says will 'carefully evaluate' D.E. Shaw's proposals »

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  • 05

    Nov

BAC

Bank of America

$29.43

0.28 (0.96%)

10:38
10/15/19
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10:38
Hot Stocks
Bank of America reports September charge-off rate 2.62% vs. 2.67% last month »

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  • 16

    Oct

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GM

General Motors

$35.89

0.38 (1.07%)

10:36
10/15/19
10/15
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10:36
Periodicals
General Motors, UAW closer to reaching agreement, says Phil LeBeau »

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  • 29

    Oct

SPY

SPDR S&P 500 ETF Trust

$298.16

2.15 (0.73%)

, SPX

S&P 500

$0.00

(0.00%)

10:35
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10:35
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10:35
General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

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SPY

SPDR S&P 500 ETF Trust

$298.16

2.15 (0.73%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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VRAY

ViewRay

$2.69

0.115 (4.47%)

10:35
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  • 12

    Nov

INSW

International Seaways

$25.60

-0.28 (-1.08%)

10:29
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10/15
10:29
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10:29
Conference/Events
International Seaways management to meet with B. Riley FBR »

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  • 15

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AXL

American Axle

$8.03

0.165 (2.10%)

10:25
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10:25
Options
American Axle call volume above normal and directionally bullish »

Bullish option flow…

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WNS

WNS Holdings

$59.25

-0.77 (-1.28%)

10:25
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10:25
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Conference/Events
WNS Holdings management to meet with Barrington »

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  • 17

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C

Citi

$70.26

-0.02 (-0.03%)

10:23
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Breaking Hot Stocks news story on Citi »

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  • 15

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C

Citi

$70.29

0.01 (0.01%)

10:22
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Breaking Hot Stocks news story on Citi »

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  • 15

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C

Citi

$70.29

0.01 (0.01%)

10:22
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Hot Stocks
Citi sees expenses down sequentially in Q4, 'solid' pre-tax earnings growth »

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  • 15

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C

Citi

$70.27

-0.01 (-0.01%)

10:20
10/15/19
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Hot Stocks
Breaking Hot Stocks news story on Citi »

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  • 15

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    Nov

IHRT

iHeartMedia

$14.51

-0.49 (-3.27%)

, SFIX

Stitch Fix

$21.01

-0.2 (-0.94%)

10:19
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Initiation
Fly Intel: Top five analyst initiations »

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IHRT

iHeartMedia

$14.51

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SFIX

Stitch Fix

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EHTH

eHealth

$55.75

2.63 (4.95%)

DS

Drive Shack

$4.01

0.28 (7.51%)

AMRN

Amarin

$15.56

0.12 (0.78%)

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  • 22

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    Nov

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    Dec

BLMN

Bloomin' Brands

$17.27

-0.88 (-4.85%)

, ENB

Enbridge

$35.53

-0.08 (-0.22%)

10:19
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Downgrade
Fly Intel: Top five analyst downgrades »

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BLMN

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ENB

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TGE

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TEX

Terex

$24.98

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ATI

Allegheny Technologies

$20.15

-0.55 (-2.66%)

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  • 30

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BBBY

Bed Bath & Beyond

$12.26

-0.03 (-0.24%)

, LOW

Lowe's

$111.39

0.725 (0.66%)

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$12.26

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LOW

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0.725 (0.66%)

PINC

Premier

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0.78 (2.56%)

ZEAL

Zealand Pharma

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IMO

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  • 05

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C

Citi

$70.17

-0.11 (-0.16%)

10:18
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Hot Stocks
Breaking Hot Stocks news story on Citi »

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  • 15

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
10/15/19
10/15
10:17
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10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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