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AKAM

Akamai

$89.28

-0.6 (-0.67%)

, AMT

American Tower

$222.30

-0.07 (-0.03%)

04:55
08/13/19
08/13
04:55
08/13/19
04:55

Cowen to hold a summit

Communications Infrastructure Summit will be held in Boulder, Colorado on August 12-13.

AKAM

Akamai

$89.28

-0.6 (-0.67%)

AMT

American Tower

$222.30

-0.07 (-0.03%)

CCOI

Cogent

$56.72

0.31 (0.55%)

CBRE

CBRE Group

$52.52

-0.7 (-1.32%)

CTL

CenturyLink

$11.21

0.43 (3.99%)

COR

CoreSite Realty

$110.33

-1.05 (-0.94%)

CCI

Crown Castle

$141.52

0.27 (0.19%)

CONE

CyrusOne

$65.46

0.02 (0.03%)

EQIX

Equinix

$553.00

0.28 (0.05%)

INXN

Interxion

$77.67

-0.75 (-0.96%)

LMRK

Landmark Infrastructure

$16.50

0.25 (1.54%)

QTS

QTS Realty Trust

$47.75

-0.55 (-1.14%)

SBAC

SBA Communications

$254.74

0.42 (0.17%)

VZ

Verizon

$55.67

-0.11 (-0.20%)

ZAYO

Zayo Group

$33.70

-0.02 (-0.06%)

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AKAM Akamai
$89.28

-0.6 (-0.67%)

07/31/19
CHLM
07/31/19
NO CHANGE
Target $97
CHLM
Buy
Akamai price target raised to $97 from $92 at Craig-Hallum
Craig-Hallum analyst Jeff Van Rhee raised his price target for Akamai to $97 from $92 after the company posted a "strong" top and bottom line for the quarter and posted a full year guide above the street. The analyst reiterates a Buy rating on the shares.
07/31/19
FBCO
07/31/19
NO CHANGE
Target $81
FBCO
Neutral
Akamai price target raised to $81 from $75 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Akamai to $81 from $75 after the company reported better-than-expected Q2 results driven by an acceleration in Cloud Security, led by accelerating sell through/upside in the Web division. The analyst reiterates a Neutral rating on the shares.
07/31/19
OPCO
07/31/19
NO CHANGE
Target $100
OPCO
Outperform
Akamai price target raised to $100 from $90 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for Akamai to $100 from $90 following a "strong" quarter driven by Security/Bundling. The analyst reiterates an Outperform rating on the shares.
08/12/19
PIPR
08/12/19
NO CHANGE
Target $97
PIPR
Overweight
Akamai named top Networking 'recession' pick at Piper Jaffray
Piper Jaffray analyst James Fish says that with rising macro environment and recessionary concerns caused by global trade tensions, he wanted to highlight Akamai Technologies as his top Networking "recession" pick. The company's secular drivers can override a weakening macro and provide indirect consumer exposure, Fish tells investors in a research note. Further, Akamai has a lack of China exposure, adds the analyst. He keeps an Overweight rating on the shares with a $97 price target. Akamai's underlying market dynamics, especially due to over-the-top streaming, online gaming, and cloud security, will help its business hold up better than most in a downturn, says Fish.
AMT American Tower
$222.30

-0.07 (-0.03%)

07/15/19
KEYB
07/15/19
NO CHANGE
Target $225
KEYB
Overweight
American Tower price target raised to $225 from $207 at KeyBanc
KeyBanc analyst Brandon Nispel raised his price target for American Tower to $225 from $207 saying he has not seen peak tower valuations. As the wireless industry's structure becomes more clear, the analyst believes ample growth opportunities exist and he does not see risk to Q2 or 2019 estimates. Nispel reiterates an Overweight rating on the shares.
08/01/19
RHCO
08/01/19
NO CHANGE
Target $230
RHCO
Buy
American Tower price target raised to $230 from $210 at SunTrust
SunTrust analyst Greg Miller raised his price target on American Tower to $230 and kept his Buy rating after its Q2 earnings beat and raised guidance. The analyst also points to the quarter's strong organic billings growth, cash flow generation, and expanding margins, stating that the runway for cash flow and dividend growth at American Tower will be long.
08/01/19
JPMS
08/01/19
NO CHANGE
JPMS
JPMorgan upgrades Crown Castle to Overweight, downgrades SBA to Neutral
JPMorgan analyst Philip Cusick upgraded Crown Castle International (CCI) to Overweight from Neutral and raised his price target for the shares to $150 from $125. The analyst also downgraded SBA Communications (SBAC) to Neutral from Overweight while raising his price target for the shares to $270 from $220. He keeps a Neutral rating on American Tower (AMT) with an increased price target of $220. Despite's Crown's "massive" investment in fiber and small cells, the company's underlying domestic macro business is underappreciated relative to peers, Cusick tells investors in a research note. Crown Castle is trading at nearly a five-turn discount to SBA Communications, the widest spread in over a decade, says the analyst. He recommends investors maintain some exposure to towers, but believes that "valuations have become stretched."
07/08/19
MOFT
07/08/19
DOWNGRADE
Target $246
MOFT
Neutral
MoffettNathanson downgrades SBA to Neutral despite boosting Tower targets
MoffettNathanson analyst Nick Del Deo downgraded SBA Communications (SBAC) to Neutral from Buy despite raising his price targets across the U.S. Towers space. He boosted his target for SBA to $246 from $205, for Neutral-rated American Tower (AMT) to $189 from $164 and for Neutral-rated Crown Castle (CCI) to $134 from $118. The valuations of Tower stocks do no offer much upside, Del Deo tells investors in a research note. SBA remains the most attractive of the three, but is no longer undervalued enough to justify a Buy rating, adds the analyst.
CCOI Cogent
$56.72

0.31 (0.55%)

05/02/19
DBAB
05/02/19
DOWNGRADE
DBAB
Hold
Cogent downgraded to Hold from Buy at Deutsche Bank
07/11/19
WELS
07/11/19
NO CHANGE
Target $63
WELS
Market Perform
Cogent price target raised to $63 from $50 at Wells Fargo
Wells Fargo analyst Jennifer Fritzsche raised her price target for Cogent to $63 from $50 given the lift in group multiples and long-term free cash flow projection. The analyst reiterates a Market Perform rating on the shares.
05/31/19
FBCO
05/31/19
INITIATION
Target $68
FBCO
Outperform
Cogent initiated with an Outperform at Credit Suisse
Credit Suisse analyst Sami Badri initiated Cogent with an Outperform rating and $68 price target. In a research note to investors, Badri says that despite expectations of revenue growth deceleration in fiscal 2019 versus prior years, Cogent continues to grow faster than the highly competitive and challenged Internet Service Provider industry. Looking ahead, Badri expects revenue growth to re-accelerate in fiscal 2020, largely driven by continued strong business execution, lowest service pricing strategy, and potentially a NetCentric business segment ramp after a 7.6% year over year decline in the first quarter of 2019.
05/10/19
OPCO
05/10/19
DOWNGRADE
OPCO
Perform
Cogent downgraded to Perform from Outperform at Oppenheimer
Oppenheimer analyst Tim Horan downgraded Cogent Communications to Perform from Outperform, citing valuation. Cogent shares are up almost 30% year-to-date and are trading at ~15.5x his 2019 EBITDA estimate, roughly 25% higher than its seven year historical average of 12.5x EBITDA, Horan tells investors in a research note.
CBRE CBRE Group
$52.52

-0.7 (-1.32%)

01/03/19
BOFA
01/03/19
DOWNGRADE
BOFA
Neutral
CBRE Group downgraded to Neutral from Buy at BofA/Merrill
01/03/19
01/03/19
DOWNGRADE
Target $43

Neutral
CBRE Group downgraded to Neutral at BofA/Merrill
As previously reported, BofA/Merrill downgraded CBRE Group to Neutral from Buy and lowered its price target to $43 from $47. Analyst David Ridley-Lane said CBRE has difficult comparisons in 2019 and believes initial 2019 adjusted earnings guidance could fall short of current consensus expectations.
11/14/18
LEHM
11/14/18
NO CHANGE
Target $56
LEHM
Overweight
CBRE fundamentals intact, valuation remains attractive, says Barclays
Barclays analyst Ross Smotrich says CBRE Group's fundamentals remain intact and the stock's valuation remains attractive. The analyst keeps an Overweight rating on the shares with a $56 price target. Real estate services names traded off in September and October due to "widely-held" late-cycle concerns and the perception that rising interest rates are a negative for commercial real estate values and, by extension, the capital markets business at CBRE, Smotrich tells investors in a research note. The analyst, however, believes these concerns are misplaced. They have not materialized in actual results and are unlikely to in the foreseeable future, says Smotrich.
07/10/19
COMP
07/10/19
INITIATION
Target $54
COMP
Neutral
CBRE Group initiated with a Neutral at Compass Point
Compass Point initiated CBRE Group with a Neutral rating and $54 price target.
CTL CenturyLink
$11.21

0.43 (3.99%)

08/08/19
JPMS
08/08/19
DOWNGRADE
Target $10
JPMS
Underweight
CenturyLink downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Phil Cusick downgraded CenturyLink to Underweight from Neutral and lowered his price target for the shares to $10 from $14.
08/08/19
RAJA
08/08/19
UPGRADE
RAJA
Market Perform
CenturyLink no longer deserves Underperform rating, says Raymond James
Raymond James analyst Frank Louthan upgraded CenturyLink to Market Perform from Underperform following roughly in-line results for the second quarter and "steady" guidance. In a research note to investors, Louthan says integration issues at CenturyLink "appear to be behind them," and that while he still sees the top line declines as a continuing issue that restricts value, he feels that with a situation that could see more go right than can go wrong, he believes CenturyLink no longer deserves an Underperform rating.
08/08/19
JPMS
08/08/19
DOWNGRADE
Target $10
JPMS
Underweight
JPMorgan downgrades CenturyLink to Underweight, calls dividend inappropriate
JPMorgan analyst Phil Cusick downgraded CenturyLink to Underweight from Neutral and lowered his price target for the shares to $10 from $14. The company reported Q2 results with better adjusted EBITDA on improved cost of service despite weaker revenue in both Consumer and Business segments, Cusick tells investors in a research note. The analyst, however, believes CenturyLink's business will remain challenged. He views the continued payment of a dividend as inappropriate given the company's "elevated" leverage profile and "persistently weak" revenue trends. Without massive capital investment, CenturyLink's consumer business can't inflect toward growth or be sold at an accretive multiple, says Cusick.
08/08/19
RAJA
08/08/19
UPGRADE
RAJA
Market Perform
CenturyLink upgraded to Market Perform from Underperform at Raymond James
Raymond James analyst Frank Louthan upgraded CenturyLink to Market Perform from Underperform.
COR CoreSite Realty
$110.33

-1.05 (-0.94%)

12/10/18
JEFF
12/10/18
DOWNGRADE
Target $102
JEFF
Hold
CoreSite Realty downgraded to Hold from Buy at Jefferies
Jefferies analyst Jonathan Petersen downgraded CoreSite Realty (COR) to Hold and lowered his price target for the shares to $102 from $107. A lack of sellable capacity reduces the company's growth outlook for 2019 and 2020, Petersen tells investors in a research note. The analyst sees better near-term growth in Digital Realty (DLR) and Equinix (EQIX), two stocks he upgraded this morning to Buy.
07/10/19
07/10/19
DOWNGRADE

Sector Weight
CoreSite Realty downgraded to Sector Weight on valuation at KeyBanc
As previously reported, KeyBanc analyst Jordan Sadler downgraded CoreSite Realty to Sector Weight from Overweight, citing valuation. The analyst notes that CoreSite has delivered a 40% total return year to date versus a 26% average total return for its data center REIT peers. While he expects CoreSite to announce record leasing volume in Q2 following a 12MW pre-lease to a hyperscaler in Santa Clara on April 15, he suspects that this acceleration in leasing volume has now been priced into the stock.
07/09/19
KEYB
07/09/19
DOWNGRADE
KEYB
Sector Weight
CoreSite Realty downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Jordan Sadler downgraded CoreSite Realty to Sector Weight from Overweight citing valuation.
02/11/19
JPMS
02/11/19
DOWNGRADE
Target $95
JPMS
Underweight
CoreSite Realty downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Richard Choe downgraded CoreSite Realty to Underweight and lowered his price target for the shares to $95 from $100. The analyst sees growth headwinds for the company and highlights its increased leverage levels.
CCI Crown Castle
$141.52

0.27 (0.19%)

08/01/19
JPMS
08/01/19
UPGRADE
Target $150
JPMS
Overweight
Crown Castle upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Philip Cusick upgraded Crown Castle International to Overweight from Neutral and raised his price target for the shares to $150 from $125.
08/01/19
08/01/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Spotify (SPOT) upgraded to Hold from Sell at Loop Capital with analyst Alan Gould saying the company's Q2 marked "another good quarter" as it reached renewal deals with 2 of 4 major labels for global recording. 2. Crown Castle (CCI) upgraded to Overweight from Neutral at JPMorgan. 3. Vanda Pharmaceuticals (VNDA) upgraded to Buy from Neutral at Citi with analyst Joel Beatty saying the current stock price is undervaluing Vanda's "profitable" base business due to "very poor" investor sentiment related to pipeline agent tradipitant. 4. United Therapeutics (UTHR) upgraded to Hold from Underperform at Jefferies with analyst Eun Yang citing valuation. 5. Five9 (FIVN) upgraded to Overweight from Neutral at JPMorgan and to Buy from Neutral at Dougherty. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CONE CyrusOne
$65.46

0.02 (0.03%)

05/17/19
DBAB
05/17/19
UPGRADE
Target $70
DBAB
Buy
Deutsche Bank upgrades CyrusOne to Buy from Hold with $70 target
Deutsche Bank analyst Matthew Niknam upgraded CyrusOne to Buy from Hold and raised his price target for the shares to $70 from $66. CyrusOne offers the best combination of forward growth at a discounted valuation among communication infrastructure real estate investment trusts, Niknam tells investors in a research note. The analysts says his estimates imply a sustainable path towards low double- digit growth in 2020 and beyond alongside "meaningful dividend growth."
06/13/19
06/13/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cooper-Standard (CPS) downgraded to Sell from Neutral at Goldman Sachs with analyst David Tamberrino saying the company's production-levered content is "not differentiated enough to fight the cycle" and its exposure to manufacturers, particularly to Ford (F), is unfavorable. 2. Marathon Oil (MRO) downgraded to Neutral from Overweight at Atlantic Equities with analyst Barry Maccarthy citing crude oil price concerns for the downgrade. 3. CyrusOne (CONE) downgraded to Neutral from Buy at UBS with analyst John Hodulik saying he expects the company to benefit from long-term secular trends in the data center industry but has growing concerns that near-term hyperscale demand will remain "subdued" longer than expected. 4. Union Pacific (UNP) downgraded to Equal Weight from Overweight at Barclays with analyst Brandon Oglenski saying he sees "real fundamental challenges set against high market expectations." 5. Welltower (WELL) downgraded to Market Perform from Outperform at Raymond James with analyst Jonathan Hughes citing relative valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/02/19
DBAB
07/02/19
NO CHANGE
DBAB
Buy
Deutsche Bank places 'Catalyst Call Buy' on CyrusOne
Deutsche Bank analyst Matthew Niknam placed a "Catalyst Call Buy" on CyrusOne as a short-term investment idea. The analyst sees a disconnect between CyrusOne's "peer-low valuation" and "industry leading growth."
06/13/19
UBSW
06/13/19
DOWNGRADE
Target $62
UBSW
Neutral
CyrusOne downgraded to Neutral from Buy at UBS
UBS analyst John Hodulik downgraded CyrusOne to Neutral from Buy and lowered his price target for the shares to $62 from $64. The analyst expects the company to benefit from long-term secular trends in the data center industry but has growing concerns that near-term hyperscale demand will remain "subdued" longer than expected. With lower visibility on a hyperscale leasing rebound in the second half of 2019, CyrusOne multiple expansion is less likely, Hodulik tells investors in a research note. As such, he sees a balanced risk/reward at current share levels.
EQIX Equinix
$553.00

0.28 (0.05%)

08/01/19
OPCO
08/01/19
NO CHANGE
Target $550
OPCO
Outperform
Equinix price target raised to $550 from $500 at Oppenheimer
Oppenheimer analyst Timothy Horan raised his price target for Equinix to $550 from $500 following another "beat and raise," driven by international demand. The analyst reiterates an Outperform rating on the shares.
07/02/19
GUGG
07/02/19
NO CHANGE
Target $540
GUGG
Buy
Equinix price target raised to $540 from $505 at Guggenheim
Guggenheim analyst Robert Gutman raised his price target on Equinix shares to $540 from $505 after the company launched its xScale joint venture, which will sell to hyperscale customers in Europe, and received an investment grade rating from Fitch that elevates it to full investment grade status. Though he sees limited near-term earnings contribution from both developments, Gutman called both significant steps forward in the company's longer-term strategic plan, stating that the first opens up a large, underserved addressable market in the Europe and the second ensures available liquidity at a better cost. He keeps a Buy rating on Equinix shares.
08/01/19
JPMS
08/01/19
NO CHANGE
Target $580
JPMS
Overweight
Equinix price target raised to $580 from $524 at JPMorgan
JPMorgan analyst Philip Cusick raised his price target for Equinix to $580 from $524 saying the company reported "strong" Q2 results with "robust" signings. Equinix remains the analyst's top real estate investment trust pick with an Overweight rating. Equinix's retail-dominated business has largely avoided issues within the wholesale datacenter space, Cusick tells investors in a research note.
07/11/19
FBCO
07/11/19
NO CHANGE
Target $556
FBCO
Outperform
Equinix price target raised to $556 from $506 at Credit Suisse
Credit Suisse analyst Sami Bad raised his price target for Equinix (EQIX) to $556 from $506, citing his firm's CIO July 2019 Survey indicating further strength for colocation vendors, a 5G interconnection inflection projected as early as Q4, leading to an acceleration of interconnectivity growth, and organic growth continuing to accelerate as the company laps its recent acquisitions including Verizon (VZ) data centers, Itconic, Zenium-Istanbul, Metronode Australia, and Infomart Dallas. The analyst reiterates an Outperform rating on Equinix's shares.
INXN Interxion
$77.67

-0.75 (-0.96%)

05/13/19
WELS
05/13/19
NO CHANGE
Target $80
WELS
Outperform
Interxion price target raised to $80 from $72 at Wells Fargo
Wells Fargo analyst Jennifer Fritzsche raised her price target for Interxion to $80 from $72 after the company reported a "solid" Q1 2019, with recurring revenue growth accelerating to about 14% and margins expanding year over year, despite the "significant" amount of development underway. The analyst reiterates an Outperform rating on the shares.
05/10/19
OPCO
05/10/19
DOWNGRADE
OPCO
Perform
Interxion downgraded to Perform on valuation at Oppenheimer
Oppenheimer analyst Tim Horan downgraded Interxion to Perform from Outperform, citing valuation. In a research note to inventors, Horan says that while fundamental demand remains strong, Interxion shares are up nearly 40% from December's low and within 3% of the previous price target. Other risks include high leverage, negative free cash flow and euro/Brexit exposure, Horan says.
07/11/19
FBCO
07/11/19
NO CHANGE
Target $82
FBCO
Outperform
Interxion price target raised to $82 from $77 at Credit Suisse
Credit Suisse analyst Sami Badri raised his price target for Interxion to $82 from $77, citing his firm's CIO July 2019 Survey indicating further strength for colocation vendors, a 5G interconnection inflection projected as early as Q4, leading to an acceleration of interconnectivity growth, and revenue growth acceleration is projected from Q2 through Q1 of 2020, in-line with company guidance and further supported by recent equity raise to fund more data center development throughout Europe. The analyst reiterates an Outperform rating on the shares.
05/10/19
05/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hudbay Minerals (HBM) downgraded to Market Perform from Outperform at BMO Capital wwith analyst Jackie Przybylowski saying the company is entering a "naturally relatively slow period" in its news flow. 2. Nevro (NVRO) downgraded to Hold from Buy at Canaccord with analyst Jason Mills stating that while he expected Q1 would be "ugly," results were "a little worse" than he expected. 3. Interxion (INXN) downgraded to Perform from Outperform at Oppenheimer with analyst Tim Horan citing valuation. 4. Entegris (ENTG) downgraded to Neutral from Buy at Citi with analyst Atif Malik saying he expects consumable stocks tied to overall wafer or display starts to "slow down" in the second half of 2019. 5. SharpSpring (SHSP) downgraded to Hold from Buy at Craig-Hallum with analyst Mike Malouf stating the company is effectively competing against market leaders and gaining share, but that its increasing marketing and R&D spending will push out profitability. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LMRK Landmark Infrastructure
$16.50

0.25 (1.54%)

QTS QTS Realty Trust
$47.75

-0.55 (-1.14%)

10/31/18
GUGG
10/31/18
UPGRADE
GUGG
Buy
QTS Realty Trust upgraded to Buy from Neutral at Guggenheim
10/31/18
10/31/18
UPGRADE

Buy
QTS Realty Trust upgraded to Buy, 'firing on all cylinders,' says Guggenheim
As previously reported, Guggenheim upgraded QTS Realty Trust to Buy from Neutral and raised its price target to $46 from $45. Analyst Robert Gutman said QTS reported a Q3 ahead of his estimates and believes the business is "firing on all cylinders" as net leasing of $18.1M was comprised of both hybrid colocation and hyperscale, and year-to-date leasing of $52.2M compares to $41.7M in all of 2017.
07/31/19
RAJA
07/31/19
UPGRADE
Target $50
RAJA
Outperform
QTS Realty Trust upgraded to Outperform from Market Perform at Raymond James
Raymond James analyst Frank Louthan upgraded QTS Realty Trust to Outperform from Market Perform with a $50 price target. The analyst says the company's Q2 earnings showed "continued strength."
10/23/18
BREN
10/23/18
UPGRADE
BREN
Buy
QTS Realty Trust upgraded to Buy from Hold at Berenberg
SBAC SBA Communications
$254.74

0.42 (0.17%)

08/01/19
JPMS
08/01/19
DOWNGRADE
Target $270
JPMS
Neutral
SBA Communications downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Philip Cusick downgraded SBA Communications to Neutral from Overweight while raising his price target for the shares to $270 from $220.
07/30/19
KEYB
07/30/19
NO CHANGE
Target $259
KEYB
Overweight
SBA Communications price target raised to $259 from $252 at KeyBanc
KeyBanc analyst Brandon Nispel raised his price target for SBA Communications (SBAC) to $259 from $252 as Q2 results beat expectations and 2019 U.S. organic growth was raised. The analyst continues to expect accelerating rates of organic growth throughout 2019 and into 2020 with a "very bullish scenario" looming from T-Mobile (TMUS)/Sprint (S) and Dish (DISH). The dividend announcement came earlier than expected and he expects the company to continue to allocate capital toward accretive M&A, which he finds attractive. Nispel reiterates an Overweight rating on SBA Communications' shares.
08/01/19
08/01/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Prudential (PRU) downgraded to Neutral from Buy at B. Riley FBR with analyst Randy Binner citing the company's Q2 results. 2. SBA Communications (SBAC) downgraded to Neutral from Overweight at JPMorgan. 3. Air Products (APD) downgraded to Hold from Buy at HSBC with analyst Sriharsha Pappu citing valuation for the downgrade. 4. T2 Biosystems (TTOO) downgraded to Neutral from Buy at Alliance Global Partners. 5. Corning (GLW) downgraded to Neutral from Positive at Susquehanna with analyst Mehdi Hosseini downgraded Corning (GLW) to Neutral from Positive with analyst Mehdi Hosseini saying he moved to the sidelines until he is convinced earnings and CAGR can exceed the earnings from the S&P500. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
VZ Verizon
$55.67

-0.11 (-0.20%)

07/29/19
FBCO
07/29/19
NO CHANGE
FBCO
Credit Suisse sees virtually no impact for AT&T, Verizon from Dish near-term
Following the Justice Department's settlement with T-Mobile (TMUS) and Sprint (S), Credit Suisse analyst Douglas Mitchelson notes that for Altice USA (ATUS), the settlement requires mobile virtual network operator contracts to be extended through at least 7 years post closing, which he views as a "significant positive" for Altice. For cable broadly, Dish (DISH) would represent an "intriguing option" for entry into the wireless business longer-term if CEO decided to sell the company, he contends. The analyst would expect that Comcast (CMCSA) and Charter (CHTR) would wait until the point where wireless pricing and valuations are thought to have bottomed. For AT&T (T) and Verizon (VZ), Mitchelson sees virtually no impact from Dish the next few years as the company will be just focused on scaling marketing of its T-Mobile MVNO while building its wireless network. Longer-term, while Dish might be in a position to deflate wireless pricing, AT&T and Verizon should still have superior coverage, network density, backhaul, scale, and quality of service, he adds.
07/29/19
WELS
07/29/19
NO CHANGE
WELS
Sprint, T-Mobile merger mixed for towers, says Wells Fargo
Wells Fargo analyst Jennifer Fritzsche sees the Sprint (S)/T-Mobile (TMUS) deal as mixed for towers. One "major positive" is that Dish (DISH) will have the option to assume leases on certain cell sites that are decommissioned by New T-Mobile for 5 years, which lessens the looming churn risk the towers faced as Sprint sites would be decommissioned, but it also lessens the "manna from heaven" impact of bringing in a new carrier that would have a Greenfield tower build, she contends. Additionally, the analyst notes that those towers which were now benefiting from some Dish work could see some near-term pause given the removal of its March 2020 build deadline. Fritzsche also argues that longer term, a new competitor is an incremental negative for AT&T (T) and Verizon (VZ) given Dish's disruptive nature.
07/29/19
KEYB
07/29/19
NO CHANGE
KEYB
T-Mobile, Sprint deal negative for AT&T/Verizon, says KeyBanc
Commenting on T-Mobile (TMUS)/Sprint (S) deal approval and Dish (DISH) acquisition of Sprint's Prepaid business and Sprint's 800MHz Spectrum for a total of $5.0B, KeyBanc analyst Brandon Nispel says he continues to believe the wireless industry is getting more competitive with the entrance of cable providers and that this merger is a driving force to take competition to another level as it enables T-Mobile to be more aggressive, while also enabling Dish to advance its wireless ambitions. Given the increasing competitive nature of the wireless market, Nispel thinks the implications are negative for AT&T (T) and Verizon (VZ) given their already low gross add share and potential for churn to rise through a more active promotional environment.
07/25/19
OPCO
07/25/19
NO CHANGE
Target $90
OPCO
Outperform
T-Mobile/Sprint merger negative for tower, cable stocks, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that recent reports suggest that the DOJ is set to approve the T-Mobile (TMUS)/Sprint (S) merger, which will "dramatically alter" the wireless landscape. The combined entity has double the spectrum of Verizon (VZ), more cell sites and spends as much on CAPX, but it trades at almost one-half the value per subscriber, he contends. The analyst expects churn to pick through the process, which he sees as positive for AT&T (T)/Verizon. Additionally, Horan sees this merger as negative for the tower and cable stocks, all of which are fully valued. He has an Outperform rating and a $90 price target on T-Mobile's shares.
ZAYO Zayo Group
$33.70

-0.02 (-0.06%)

05/20/19
RHCO
05/20/19
DOWNGRADE
Target $35
RHCO
Hold
Zayo Group downgraded to Hold from Buy at SunTrust
SunTrust analyst Greg Miller downgraded Zayo Group to Hold and lowered his price target to $35 from $38 after last week's announcement of its acquisition by Digital Colony and EQT at that price. The analyst notes that while a competing bid cannot be ruled out, its been nearly 6 months since speculation first emerged about private equity interest in Zayo Group. Miller adds that the valuation on the transaction is an "agreeable one" and expects the deal to close at the agreed-upon price in the next 12 months.
05/22/19
05/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Activision Blizzard (ATVI) downgraded to Equal Weight from Overweight at Stephens with analyst Jeff Cohen saying recent reporting from Kotaku about issues in the Call of Duty pipeline have begun to make bull case for Activision shares "look like less of a certainty." 2. Mallinckrodt (MNK) downgraded to Hold from Buy at Jefferies with analyst Anthony Petrone saying the company's risk profile "continues to heighten" given Medicare's reduced funding for Acthar, unknowns around opioid litigation, and its balance sheet health. 3. Anadarko (APC) downgraded to Market Perform from Outperform at Cowen with analyst David Deckelbaum citing the increased takeout bid that was accepted from Occidental Petroleum (OXY). 4. Expedia (EXPE) downgraded to Hold from Buy at Argus with analyst John Staszak citing its "mixed" Q1 results that showed bookings growth at the company's Vrbo unit slowing to "just 5%" from 46% in Q1 of last year. 5. Zayo Group (ZAYO) downgraded to Market Perform from Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/22/19
RAJA
05/22/19
DOWNGRADE
RAJA
Market Perform
Zayo Group downgraded to Market Perform from Outperform at Raymond James
05/20/19
RHCO
05/20/19
DOWNGRADE
RHCO
Hold
Zayo Group downgraded to Hold from Buy at SunTrust

TODAY'S FREE FLY STORIES

AAC

AAC Holdings

$0.60

-0.0327 (-5.17%)

17:57
08/22/19
08/22
17:57
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17:57
Hot Stocks
AAC Holdings discloses NYSE listing notice »

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17:32
08/22/19
08/22
17:32
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17:32
General news
Fed Balance Sheet Level data reported »

Week of 8/21 Fed Balance…

HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

17:30
08/22/19
08/22
17:30
08/22/19
17:30
Hot Stocks
HP Inc. says notebooks accounted for 39% of revenue in Q3 »

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  • 22

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17:28
08/22/19
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17:28
08/22/19
17:28
General news
Money Supply M2 Weekly Change data reported »

Week of 8/12 Money Supply…

TRPX

Therapix Biosciences

$2.35

(0.00%)

17:27
08/22/19
08/22
17:27
08/22/19
17:27
Syndicate
Breaking Syndicate news story on Therapix Biosciences »

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GLD

SPDR Gold Shares

$141.38

-0.36 (-0.25%)

17:26
08/22/19
08/22
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Hot Stocks
SPDR Gold Shares holdings rise to 854.84MT to 851.91MT »

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VMW

VMware

$148.15

0.11 (0.07%)

17:19
08/22/19
08/22
17:19
08/22/19
17:19
Earnings
VMware sees Q3 adjusted EPS $1.42, consensus $1.57 »

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  • 22

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CRWD

Crowdstrike

$93.04

-3.5 (-3.63%)

, CBLK

Carbon Black

$24.52

1.77 (7.78%)

17:14
08/22/19
08/22
17:14
08/22/19
17:14
Hot Stocks
Crowdstrike lower after Carbon Black acquisition »

Shares of cybersecurity…

CRWD

Crowdstrike

$93.04

-3.5 (-3.63%)

CBLK

Carbon Black

$24.52

1.77 (7.78%)

03/08/13
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  • 05

    Sep

HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

17:07
08/22/19
08/22
17:07
08/22/19
17:07
Hot Stocks
HP Inc. says CEO Dion Weisler will step down to deal with family health matter »

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  • 22

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NP

Neenah Paper

$66.14

-0.455 (-0.68%)

17:05
08/22/19
08/22
17:05
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17:05
Hot Stocks
Neenah Paper CFO sells 7.8K shares of common stock »

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HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

17:04
08/22/19
08/22
17:04
08/22/19
17:04
Hot Stocks
HP Inc. falls over 5% amid slowdown in printer sales »

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  • 22

    Aug

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NKE

Nike

$83.27

0.46 (0.56%)

17:03
08/22/19
08/22
17:03
08/22/19
17:03
Periodicals
Michael Avenatti plans subpoenas to prove Nike claims, Bloomberg says »

Attorney Michael Avenatti…

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  • 19

    Sep

HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

17:00
08/22/19
08/22
17:00
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17:00
Hot Stocks
HP Inc. printing net revenue was down 5% year over year »

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  • 22

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    Sep

SYY

Sysco

$73.32

1.06 (1.47%)

16:56
08/22/19
08/22
16:56
08/22/19
16:56
Hot Stocks
Sysco director Koerber sells 10K shares of common stock »

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  • 26

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  • 01

    Oct

PVTL

Pivotal Software

$13.69

0.01 (0.07%)

, CBLK

Carbon Black

$24.52

1.77 (7.78%)

16:54
08/22/19
08/22
16:54
08/22/19
16:54
Earnings
VMware raises FY20 EPS view to $6.54 from $6.49, consensus $6.52 »

Sees Carbon Black (CBLK)…

PVTL

Pivotal Software

$13.69

0.01 (0.07%)

CBLK

Carbon Black

$24.52

1.77 (7.78%)

VMW

VMware

$148.15

0.11 (0.07%)

03/08/13
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  • 22

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AFH

Atlas Financial

$0.41

-0.0323 (-7.29%)

16:53
08/22/19
08/22
16:53
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16:53
Hot Stocks
Atlas Financial gives update on ongoing strategic review »

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ZEN

Zendesk

$80.87

0.57 (0.71%)

16:51
08/22/19
08/22
16:51
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Hot Stocks
Zendesk CEO sells 100K shares of common stock »

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  • 28

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  • 09

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    Nov

CBLK

Carbon Black

$24.52

1.77 (7.78%)

16:50
08/22/19
08/22
16:50
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16:50
Hot Stocks
Breaking Hot Stocks news story on Carbon Black »

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AMRS

Amyris

$4.07

-0.25 (-5.79%)

16:45
08/22/19
08/22
16:45
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16:45
Hot Stocks
Amyris receives deficiency notification from Nasdaq »

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  • 27

    Aug

DDS

Dillard's

$56.36

-0.21 (-0.37%)

16:43
08/22/19
08/22
16:43
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16:43
Hot Stocks
Dillard's increases quarterly dividend 50% »

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HAS

Hasbro

$114.35

-1.06 (-0.92%)

16:43
08/22/19
08/22
16:43
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16:43
Hot Stocks
Hasbro to acquire Entertainment One in all-cash deal valued at about $4B »

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JWN

Nordstrom

$30.74

4.23 (15.96%)

, LB

L Brands

$19.33

-0.72 (-3.59%)

16:41
08/22/19
08/22
16:41
08/22/19
16:41
On The Fly
Fly Intel: Wall Street's top stories for Thursday »

Stocks had a mixed…

JWN

Nordstrom

$30.74

4.23 (15.96%)

LB

L Brands

$19.33

-0.72 (-3.59%)

SPLK

Splunk

$118.43

-10.08 (-7.84%)

NWS

News Corp

$14.47

0.01 (0.07%)

NWSA

News Corp.

$14.14

0.04 (0.28%)

GOOG

Alphabet

$1,188.53

-2.26 (-0.19%)

GOOGL

Alphabet Class A

$1,190.41

0.15 (0.01%)

FB

Facebook

$182.08

-1.48 (-0.81%)

OSTK

Overstock.com

$21.13

1.63 (8.36%)

GME

GameStop

$3.88

0.33 (9.30%)

BJ

BJ's Wholesale

$26.42

3.88 (17.21%)

PSTG

Pure Storage

$16.03

2.16 (15.57%)

RTRX

Retrophin

$13.55

-3.84 (-22.08%)

FLWS

1-800-Flowers.com

$17.10

-2.26 (-11.67%)

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  • 22

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    Dec

VMW

VMware

$148.15

0.11 (0.07%)

, CBLK

Carbon Black

$24.52

1.77 (7.78%)

16:41
08/22/19
08/22
16:41
08/22/19
16:41
Hot Stocks
VMware 'thrilled' with Carbon Black, Pivotal deals »

VMware (VMW) says…

VMW

VMware

$148.15

0.11 (0.07%)

CBLK

Carbon Black

$24.52

1.77 (7.78%)

PVTL

Pivotal Software

$13.69

0.01 (0.07%)

03/08/13
Wedge Partners
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03/06/13
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  • 22

    Aug

  • 04

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  • 10

    Oct

BRKS

Brooks Automation

$32.19

0.15 (0.47%)

16:34
08/22/19
08/22
16:34
08/22/19
16:34
Initiation
Brooks Automation initiated  »

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HAS

Hasbro

$114.35

-1.06 (-0.92%)

16:32
08/22/19
08/22
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16:32
Hot Stocks
Hasbro sees eOne deal accretive to adjusted EPS in first year »

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