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VIA

Viacom

$30.75

-1.84 (-5.65%)

, VIA.B

Symbol now VIAB

$0.00

(0.00%)

16:15
08/13/19
08/13
16:15
08/13/19
16:15

CBS and Viacom to hold a joint conference call

CBS and Viacom will host a joint investor conference call to discuss the definitive agreement to combine the two companies in an all-stock merger on August 13 at 4:30 pm. Webcast Link

VIA

Viacom

$30.75

-1.84 (-5.65%)

VIA.B

Symbol now VIAB

$0.00

(0.00%)

CBS.A

$50.58

1.08 (2.18%)

CBS

CBS

$48.69

0.64 (1.33%)

  • 13

    Aug

  • 13

    Aug

  • 05

    Sep

VIA Viacom
$30.75

-1.84 (-5.65%)

04/01/19
BNCH
04/01/19
NO CHANGE
Target $18
BNCH
Buy
Chicken Soup may now be one of hottest small properties in media, says Benchmark
Benchmark analyst Daniel Kurnos said Chicken Soup for the Soul (CSSE) "shocked" by announcing a joint venture with Sony (SNE) and "may have just become one of the hottest small properties in the media landscape" in the process. Kurnos believes that the new Crackle Plus will top Pluto TV from a content, monthly average user and total registered user standpoint, noting that Pluto was just sold to Viacom (VIAB) for $340M. Following the JV announcement, the analyst raised his price target on Chicken Soup shares to $18 from $16 and keeps a Buy rating on the stock.
04/04/19
RBCM
04/04/19
UPGRADE
RBCM
Outperform
Viacom upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Steven Cahall upgraded Viacom to Outperform from Sector Perform.
04/05/19
04/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Simeon Gutman saying he believes activist intervention presents the potential for upside for the stock in the near-term. 2. Snap (SNAP) upgraded to Hold from Sell at Summit Insights. 3. Northrop Grumman (NOC) upgraded to Positive from Neutral at Susquehanna. 4. Weyerhaeuser (WY) upgraded to Overweight from Equal Weight at Stephens with analyst Mark Connelly saying the stock, which is generally viewed as an income play, has sold off on rate concerns and slower starts. 5. Viacom (VIA, VIAB) upgraded to Outperform from Sector Perform at RBC Capital with analyst Steven Cahall saying the company's "less contentious" than feared DirecTV (T) deal improves its standing and "paves the way toward merger talks" with CBS (CBS). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/01/19
OTRG
08/01/19
NO CHANGE
OTRG
Broadcast and cable upfront pricing higher than expected, says OTR Global
OTR Global said its checks with U.S. media buyers and ad executives indicated that broadcast and cable networks increased upfront ad unit pricing higher than buyers expected. 2019 upfront prices were up 7%-10% year-over-year for broadcast and up 6%-9% year-over year for cable, exceeding sources' expectations of flat or slightly higher pricing, the firm noted, citing its checks.
VIA.B Symbol now VIAB
$0.00

(0.00%)

CBS.A
$50.58

1.08 (2.18%)

CBS CBS
$48.69

0.64 (1.33%)

08/09/19
08/09/19
NO CHANGE

CBS, Viacom closer to merger after agreeing to board, Bloomberg reports
CBS (CBS) and Viacom (VIAB) are near a merger deal after agreeing on the structure of the combined company's board, Nabila Ahmed and Gerry Smith of Bloomberg report, citing people familiar with the matter. The companies are still negotiating the exchange ratio of the potential all-stock merger, which could delay an announcement, sources told Bloomberg. Shari Redstone could become chairman of the combined entity, they added.
08/13/19
IMPC
08/13/19
NO CHANGE
Target $62
IMPC
Outperform
CBS price target lowered to $62 from $72 at Imperial Capital
Imperial Capital analyst David Miller lowered his price target for CBS (CBS) to $62 from $72 following press reports that the company and Viacom (VIAB) have agreed in principal to an all-stock merger ratio of 0.596 CBS shares for every Viacom share. The analyst says that while this is generally consistent with where both names had been trading for the last 90 days, the ratio is below what he had been hoping for from the Viacom side, which was a ratio of 0.7. Nonetheless, Miller keeps an Outperform rating on shares of CBS.
08/13/19
SPHN
08/13/19
NO CHANGE
Target $150
SPHN
Overweight
Nexstar named a Best Idea at Stephens
Stephens analyst Kyle Evans named Nexstar (NXST) as his "Best Idea," replacing CBS (CBS). He believes recent weakness in the broadcast affiliate group and an imminent close on the proposed acquisition of Tribune Media (TRCO) presents an attractive entry point, said Evans, who has an Overweight rating and $150 price target on Nexstar shares.

TODAY'S FREE FLY STORIES

BAH

Booz Allen

$72.55

0.62 (0.86%)

06:00
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  • 27

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  • 01

    Nov

GIB

CGI Group

$78.68

0.83 (1.07%)

05:58
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ACN

Accenture

$194.77

0.66 (0.34%)

05:57
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Initiation
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  • 26

    Sep

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    Oct

COST

Costco

$287.80

-4.67 (-1.60%)

05:55
09/20/19
09/20
05:55
09/20/19
05:55
Upgrade
Costco rating change  »

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  • 03

    Oct

NXST

Nexstar

$102.01

-1.18 (-1.14%)

, TRCO

Tribune Media

$46.66

(0.00%)

05:43
09/20/19
09/20
05:43
09/20/19
05:43
Conference/Events
Nexstar to host conference call »

Conference call to…

NXST

Nexstar

$102.01

-1.18 (-1.14%)

TRCO

Tribune Media

$46.66

(0.00%)

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

    Sep

  • 23

    Sep

  • 13

    Nov

SMTX

SMTC Corp.

$2.96

0.16 (5.71%)

05:35
09/20/19
09/20
05:35
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05:35
Conference/Events
SMTC Corp. to host conference call »

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  • 20

    Sep

  • 12

    Nov

ENLAY

Enel

$0.00

(0.00%)

05:32
09/20/19
09/20
05:32
09/20/19
05:32
Upgrade
Enel rating change  »

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03/08/13
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03/08/13
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SNV

Synovus

$36.17

-1.075 (-2.89%)

05:31
09/20/19
09/20
05:31
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05:31
Downgrade
Synovus rating change  »

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  • 23

    Sep

  • 13

    Nov

W

Wayfair

$128.67

-3.065 (-2.33%)

05:29
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09/20
05:29
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05:29
Initiation
Wayfair initiated  »

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XYL

Xylem

$77.99

-0.41 (-0.52%)

05:29
09/20/19
09/20
05:29
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05:29
Initiation
Xylem initiated  »

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  • 23

    Sep

  • 23

    Sep

  • 31

    Oct

PRDSY

Prada

$0.00

(0.00%)

05:28
09/20/19
09/20
05:28
09/20/19
05:28
Downgrade
Prada rating change  »

Prada downgraded to…

03/08/13
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03/08/13
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BURBY

Burberry

$0.00

(0.00%)

05:27
09/20/19
09/20
05:27
09/20/19
05:27
Upgrade
Burberry rating change  »

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JSAIY

J Sainsbury

$0.00

(0.00%)

05:26
09/20/19
09/20
05:26
09/20/19
05:26
Upgrade
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FCX

Freeport McMoRan

$10.45

0.095 (0.92%)

05:25
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09/20
05:25
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05:25
Initiation
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  • 23

    Sep

  • 25

    Sep

ANFGY

Antofagasta

$0.00

(0.00%)

05:23
09/20/19
09/20
05:23
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05:23
Downgrade
Antofagasta rating change  »

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ATRC

AtriCure

$26.02

0.22 (0.85%)

05:21
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05:21
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05:21
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STIM

Neuronetics

$10.50

-0.54 (-4.89%)

05:19
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FGEN

FibroGen

$39.69

-1.3 (-3.17%)

, ALPMY

Astellas Pharma

$0.00

(0.00%)

05:16
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Hot Stocks
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FGEN

FibroGen

$39.69

-1.3 (-3.17%)

ALPMY

Astellas Pharma

$0.00

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  • 27

    Sep

VOPKY

Koninklijke Vopak

$0.00

(0.00%)

05:16
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05:16
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05:16
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LBTYA

Liberty Global

$27.09

-0.25 (-0.91%)

05:12
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05:12
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  • 23

    Sep

  • 07

    Nov

HRI

Herc Holdings

$45.32

-1.615 (-3.44%)

, URI

United Rentals

$125.06

0.415 (0.33%)

05:06
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09/20
05:06
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05:06
Upgrade
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HRI

Herc Holdings

$45.32

-1.615 (-3.44%)

URI

United Rentals

$125.06

0.415 (0.33%)

03/08/13
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  • 01

    Oct

URI

United Rentals

$125.06

0.415 (0.33%)

05:03
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05:03
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05:03
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United Rentals rating change  »

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  • 01

    Oct

SUZ

Suzano

$15.97

-0.43 (-2.62%)

04:59
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ROKU

Roku

$133.76

3.97 (3.06%)

, CMCSA

Comcast

$46.68

-0.25 (-0.53%)

04:56
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04:56
Initiation
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ROKU

Roku

$133.76

3.97 (3.06%)

CMCSA

Comcast

$46.68

-0.25 (-0.53%)

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  • 24

    Oct

  • 27

    Oct

FTCH

Farfetch

$8.91

-0.42 (-4.50%)

04:55
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09/20
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04:55
Conference/Events
Cowen retail/luxury analyst to hold an analyst/industry conference call »

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  • 20

    Sep

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