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NWS

News Corp

$14.48

0.02 (0.14%)

, NWSA

News Corp.

$14.17

0.07 (0.50%)

14:12
08/22/19
08/22
14:12
08/22/19
14:12

News Corp prepares news app to address concerns with Google, Facebook, WSJ says

News Corp (NWSA) is working on a news-aggregation service designed to address concerns that Alphabet's (GOOG) Google News, Facebook (FB), and other digital platforms don't reward publishers' work adequately and play down articles from certain kinds of sites, Jeffrey A. Trachtenberg and Lillian Rizzo of the Wall Street Journal report, citing people familiar with the plans. The service, currently known as Knewz.com, is expected to be a website and a mobile app, the authors say. An early edition of the service is being shown to a small group of News Corp executives and an official rollout could happen later this year, the authors note. Knewz will draw from hundreds of sources, including the Wall Street Journal, the New York Times, the Washington Post, and NBC News, as well as digital-native players, magazine publishers, and local newspapers, the authors say. Reference Link

NWS

News Corp

$14.48

0.02 (0.14%)

NWSA

News Corp.

$14.17

0.07 (0.50%)

GOOG

Alphabet

$1,191.47

0.68 (0.06%)

GOOGL

Alphabet Class A

$1,192.10

1.84 (0.15%)

FB

Facebook

$181.72

-1.84 (-1.00%)

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    Oct

NWS News Corp
$14.48

0.02 (0.14%)

09/04/18
LOOP
09/04/18
UPGRADE
LOOP
Buy
News Corp. upgraded to Buy from Hold at Loop Capital
10/09/18
GSCO
10/09/18
UPGRADE
GSCO
Buy
News Corp. upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Kane Hannan upgraded News Corp. to Buy and raised his price target for the shares to A$24.40 from A$22.40. Two thirds of the analyst's News Corp. valuation now resides in Digital Real Estate, a sector that he is "extremely positive on given the large addressable markets and significant scope for digital disruption." Hannan believes the market is not adequately reflecting the full value of REA and Move in News Corp.'s shares.
NWSA News Corp.
$14.17

0.07 (0.50%)

07/18/19
JPMS
07/18/19
DOWNGRADE
Target $12
JPMS
Underweight
News Corp. downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Alexia Quadrani downgraded News Corp. to Underweight from Neutral and lowered her price target for the shares to $12 from $13.
07/19/19
JPMS
07/19/19
DOWNGRADE
Target $12
JPMS
Underweight
JPMorgan downgrades News Corp. to Underweight, cuts price target to $12
JPMorgan analyst Alexia Quadrani last night downgraded News Corp. to Underweight from Neutral and lowered her price target for the shares to $12 from $13. The analyst says that while the stock may appear attractively valued, she has little conviction in forward estimates. Quadrani, who points out she's reduced News Corp.'s estimates 12 times over the last three years, believes challenges will persist in the company's News and Information Services and Subscription Video Services divisions. Further, she sees weakness in new listings at REA and "further headwinds to growth continuing." The analyst looks for stabilization in her estimates or signs of strategic change as catalysts to reevaluate her rating.
07/19/19
07/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. SAP (SAP) downgraded to Hold from Buy at Deutsche Bank with analyst Alex Tout saying he believes the company's momentum in Q2 fell short of what was needed for the shares to re-rate higher. 2. Alcoa (AA) downgraded to Hold from Buy at Argus and Jefferies. 3. Paycom (PAYC) downgraded to Hold from Buy at Jefferies with analyst Samad Samana citing valuation. 4. Michaels (MIK) downgraded to Underperform from Neutral at BofA/Merrill with analyst Elizabeth Suzuki citing a U.S. arts and crafts consumer survey that she said gave some color on why the company's same-store sales growth has been "lackluster. 5. News Corp. (NWSA) downgraded to Underweight from Neutral at JPMorgan with analyst Alexia Quadrani saying while the stock may appear attractively valued, she has little conviction in forward estimates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/11/19
FBCO
08/11/19
UPGRADE
FBCO
Outperform
News Corp. upgraded to Outperform from Neutral at Credit Suisse
GOOG Alphabet
$1,191.47

0.68 (0.06%)

08/15/19
DBAB
08/15/19
NO CHANGE
Target $1475
DBAB
Buy
Alphabet price target raised to $1,475 from $1,400 at Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley raised his price target for Alphabet (GOOG) to $1,475 from $1,400 and keeps a Buy rating on the shares. The analyst increased his revenue estimates post the company's Q2 results to reflect "slightly" faster Google Sites revenue growth, easing comps, a "compelling" ad product pipeline, and higher Google Cloud estimates.
08/09/19
RBCM
08/09/19
NO CHANGE
Target $44
RBCM
Outperform
AMD announcement with Cray didn't get attention it deserved, says RBC Capital
RBC Capital analyst Mitch Steves said the focus during AMD's (AMD) launch event was clearly on Google Cloud (GOOGL) and enterprise wins with HPE (HPE) and Dell (DELL), but he contends that the company's announcement with Cray (CRAY) "did not get the attention it deserved." Looking at the build of materials for the Cray products, the combined content for AMD is likely around 25% and he "wouldn't be surprised to see 15-20%" of the $1B in bookings go to AMD, said Steves, who raised his "Street high" price target on AMD shares to $44 from $43 and keeps an Outperform rating on the stock.
08/09/19
DADA
08/09/19
NO CHANGE
Target $48
DADA
Buy
Yelp CFO departure another indication of possible sale, says DA Davidson
DA Davidson analyst Tom Forte views the upcoming departure of CFO Lanny Baker as "another indication that Yelp (YELP) may be sold." Forte believes the company could be worth as much as $60 per share in a buyout. Yelp in afternoon trading is up 8%, or $2.93, to $37.76. Of the companies he covers, Forte says Yelp is the most likely to be sold given the low price of its shares, the involvement of an activist, and its strategic value to potential acquirers like Amazon.com (AMZN), Apple (AAPL), Facebook (FB) or Alphabet (GOOG, GOOGL). The analyst has a Buy rating on Yelp with a $48 price target.
08/21/19
KEYB
08/21/19
NO CHANGE
Target $8
KEYB
Overweight
CooTek price target lowered to $8 from $13 at KeyBanc
KeyBanc analyst Hans Chung lowered his price target for CooTek (CTK) to $8 from $13 saying that the Google (GOOG) incident has led to lower revenue and margin than original guidance, as well as sequential decline in Q3. That said, after material reset on the model, the analyst sees limited downside risk to the company's business fundamentals. Chung reiterates an Overweight rating on the shares.
GOOGL Alphabet Class A
$1,192.10

1.84 (0.15%)

FB Facebook
$181.72

-1.84 (-1.00%)

08/14/19
BERN
08/14/19
NO CHANGE
BERN
Tesla executive turnover notably high, 'not outlandish,' says Bernstein
Bernstein analyst A.M. Sacconaghi, Jr. performed a detailed benchmarking analysis of executive turnover at Tesla (TSLA) and at comparable companies that are young, fast growing, and largely Silicon Valley based, including Snap (SNAP), Uber (UBER), Lyft (LYFT), Airbnb, Netflix (NFLX), Facebook (FB) and Amazon (AMZN). His analysis indicates that Tesla's annualized executive turnover level has been 27%, "notably higher" than the cohort average of 15%. With that said, the analyst notes that it is "not outlandish," with Snap at 24% and Lyft at 23%, which is nearly as high.
08/02/19
MKMP
08/02/19
INITIATION
Target $245
MKMP
Buy
Facebook assumed with a Buy at MKM Partners
MKM Partners analyst Rohit Kulkani assumed coverage of Facebook with a Buy rating and a price target of $245, saying the stock offers a "rare combination" of scale, growth, and profitability. The analyst contends that the company still has "significant growth runway ahead" toward improving ad targeting, user experience, and monetization across its platforms.
08/02/19
08/02/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL), Facebook (FB), and Amazon.com (AMZN) initiated with a Buy at MKM Partners. 2. iHeartMedia (IHRT) initiated with an Overweight at JPMorgan. 3. NuStar Energy (NS) initiated with a Neutral at Mizuho. 4. Ultragenyx (RARE) assumed with an Outperform at Wedbush. 5. Avantor (AVTR) initiated with a Neutral at Cleveland Research. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

STBA

S&T Bancorp

$37.22

-0.17 (-0.45%)

17:16
09/17/19
09/17
17:16
09/17/19
17:16
Hot Stocks
S&T Bancorp board authorizes new $50M stock buyback »

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FDX

FedEx

$173.53

-0.14 (-0.08%)

17:12
09/17/19
09/17
17:12
09/17/19
17:12
Downgrade
FedEx rating change  »

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NEXT

NextDecade

$6.30

-0.1 (-1.56%)

17:10
09/17/19
09/17
17:10
09/17/19
17:10
Initiation
NextDecade initiated  »

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TELL

Tellurian

$8.33

-0.1 (-1.19%)

17:10
09/17/19
09/17
17:10
09/17/19
17:10
Initiation
Tellurian initiated  »

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NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

, MRK

Merck

$82.53

0.52 (0.63%)

17:06
09/17/19
09/17
17:06
09/17/19
17:06
Hot Stocks
NewLink Genetics says FDA accepts partnered BLA for ebola vaccine »

NewLink Genetics…

NLNK

NewLink Genetics

$1.90

-0.03 (-1.55%)

MRK

Merck

$82.53

0.52 (0.63%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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ESTC

Elastic

$93.80

2.15 (2.35%)

17:03
09/17/19
09/17
17:03
09/17/19
17:03
Hot Stocks
Elastic selected by New Zealands'The Warehouse for its customer service program »

Elastic N.V. announced…

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  • 16

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TOL

Toll Brothers

$40.68

-0.11 (-0.27%)

17:00
09/17/19
09/17
17:00
09/17/19
17:00
Hot Stocks
Toll Brothers CEO sells 25,000 common shares »

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WTR

Aqua America

$43.88

0.51 (1.18%)

16:56
09/17/19
09/17
16:56
09/17/19
16:56
Hot Stocks
Aqua America subsidiary to buy municipal wastewater system for $276.5M »

Aqua America announced…

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INVH

Invitation Homes

$28.49

0.31 (1.10%)

16:54
09/17/19
09/17
16:54
09/17/19
16:54
Syndicate
Invitation Homes files to sell 44M shares of common stock for holders »

Morgan Stanley, Citigroup…

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MODN

Model N

$28.43

0.275 (0.98%)

, IQV

Iqvia

$152.93

2.14 (1.42%)

16:49
09/17/19
09/17
16:49
09/17/19
16:49
Hot Stocks
Model N names Suresh Kannan as Chief Product Officer »

Model N (MODN) announced…

MODN

Model N

$28.43

0.275 (0.98%)

IQV

Iqvia

$152.93

2.14 (1.42%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 27

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GWW

Grainger

$291.76

-4.29 (-1.45%)

16:49
09/17/19
09/17
16:49
09/17/19
16:49
Conference/Events
Grainger management to meet with Buckingham »

Meeting to be held in…

03/08/13
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03/06/13
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  • 24

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ACGL

Arch Capital

$40.89

0.33 (0.81%)

16:48
09/17/19
09/17
16:48
09/17/19
16:48
Conference/Events
Arch Capital management to meet with Buckingham »

Meeting to be held in…

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  • 19

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TOL

Toll Brothers

$40.68

-0.11 (-0.27%)

16:47
09/17/19
09/17
16:47
09/17/19
16:47
Hot Stocks
Toll Brothers president Hartman sells over 40,000 common shares »

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KKR

KKR

$28.56

0.31 (1.10%)

16:45
09/17/19
09/17
16:45
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16:45
Hot Stocks
VA Partners reports 8.8% stake in KKR »

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  • 20

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ADBE

Adobe

$284.59

1.54 (0.54%)

16:44
09/17/19
09/17
16:44
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16:44
Hot Stocks
Adobe down 3.5% at $274.65/share after reducing Digital Experience bookings view »

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16:41
09/17/19
09/17
16:41
09/17/19
16:41
General News
API crude inventories for week of September 13 »

API reports that crude…

CAL

Caleres

$22.08

-0.71 (-3.12%)

16:35
09/17/19
09/17
16:35
09/17/19
16:35
Hot Stocks
Caleres appoints Angela Bass as Chief Human Resources Officer »

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CHSP

Chesapeake Lodging

$27.20

-0.2 (-0.73%)

, PK

Park Hotels & Resorts

$25.80

-0.32 (-1.23%)

16:34
09/17/19
09/17
16:34
09/17/19
16:34
Hot Stocks
Chesapeake Lodging completes sale of two new York hotels for $138M »

Chesapeake Lodging Trust…

CHSP

Chesapeake Lodging

$27.20

-0.2 (-0.73%)

PK

Park Hotels & Resorts

$25.80

-0.32 (-1.23%)

03/08/13
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CAE

CAE

$25.54

0.4 (1.59%)

16:34
09/17/19
09/17
16:34
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16:34
Conference/Events
CAE management to meet with CIBC »

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  • 20

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UNVR

Univar

$22.68

0.29 (1.30%)

16:34
09/17/19
09/17
16:34
09/17/19
16:34
Hot Stocks
Univar selected as distributor for Unovyn's chlorinated paraffins in U.S. »

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  • 23

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SGMS

Scientific Games

$23.62

-0.3 (-1.25%)

16:33
09/17/19
09/17
16:33
09/17/19
16:33
Hot Stocks
Scientific Games' Haddrill sells 45,681 common shares »

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  • 23

    Sep

CLPHY

CLP Holdings

$0.00

(0.00%)

16:32
09/17/19
09/17
16:32
09/17/19
16:32
Conference/Events
CLP Holdings management to meet with CIBC »

Meeting to be held in…

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  • 19

    Sep

CBAY

CymaBay

$5.86

-0.02 (-0.34%)

16:31
09/17/19
09/17
16:31
09/17/19
16:31
Hot Stocks
CymaBay announces departure of Chief Medical Officer Pol Boudes »

CymaBay Therapeutics…

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  • 23

    Sep

AMR

Alta Mesa Resources

$0.12

0.0062 (5.64%)

16:31
09/17/19
09/17
16:31
09/17/19
16:31
Hot Stocks
Alta Mesa Resources receives Nasdaq notice of delisting »

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MGA

Magna

$53.89

0.05 (0.09%)

16:30
09/17/19
09/17
16:30
09/17/19
16:30
Conference/Events
Magna management to meet with CIBC »

Meeting to be held in…

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