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AAPL

Apple

$217.57

3.81 (1.78%)

, NFLX

Netflix

$287.00

-3.89 (-1.34%)

08:57
09/11/19
09/11
08:57
09/11/19
08:57

Netflix head start unlikely dented by Apple TV+, says Credit Suisse

Credit Suisse analyst Douglas Mitchelson notes that his Netflix (NFLX) thesis already presumes increased competition in the future and Apple (AAPL) is noteworthy as it certainly has a "terrific brand and global distribution platform." However, the analyst believes Netflix's 10-year head start, scale, breath of content and customer engagement is unlikely to be dented by an Apple TV+ subscription service with a relatively light content slate and no library content. In fact, Apple TV+ looks more like an HBO (T) or Showtime than a Netflix, Hulu or Amazon Prime (AMZN), he contends, adding that he continues to believe SVOD will not be a zero sum game. Lastly, Mitchelson would expect Apple TV+ would more likely displace a runner-up than the leader.

AAPL

Apple

$217.57

3.81 (1.78%)

NFLX

Netflix

$287.00

-3.89 (-1.34%)

T

AT&T

$37.98

1.01 (2.73%)

AMZN

Amazon.com

$1,811.50

-16.48 (-0.90%)

  • 11

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    Oct

  • 27

    Oct

AAPL Apple
$217.57

3.81 (1.78%)

09/11/19
BOFA
09/11/19
NO CHANGE
Target $250
BOFA
Buy
Apple price target raised to $250 from $240 at BofA/Merrill
BofA/Merrill analyst Wamsi Mohan raised his price target for Apple to $250 from $240 and reiterated a Buy rating after attending the company's 2019 iPhone launch event on Tuesday. In a research note to investors, Mohan says he views the lower price and extended range of pricing with a "very compelling" iPhone 8 starting price of $449 as means to drive higher unit share but also maintaining its lead at the very high end with attractive Pro models, and says pricing for services was "even more compelling" for Arcade. Mohan expects the near-term headwind to services margin to abate.
09/11/19
WEDB
09/11/19
NO CHANGE
Target $245
WEDB
Outperform
Special event 'a positive growth catalyst' for Apple going forward, says Wedbush
Following the highly anticipated Apple (AAPL) Special Event, Wedbush analyst Daniel Ives notes that the company unveiled its trifecta of new iPhones, next generation iPad and Apple Watch coupled with the pricing for Apple TV+ of $4.99 per month and the launch date of November 1. The pricing of Apple's streaming TV service at $4.99 per month is a "show stopper" and a "major shot across the bow" at the likes of Netflix (NFLX) and Disney (DIS), among others, he contends. The analyst also notes with Apple caught in the crossfire on the U.S./China trade battle over the last six months, the company is highly anticipating this iPhone 11 slate of smartphones to stimulate demand especially in the key China region. Ives reiterates an Outperform rating and $245 price target on the shares as he views the event as a "positive growth catalyst for Cupertino going forward."
09/11/19
FBCO
09/11/19
NO CHANGE
Target $209
FBCO
Neutral
Apple iPhone replacement cycle continues to extend, says Credit Suisse
After Apple's September Special Event, Credit Suisse analyst Matthew Cabral says the event featured only incremental iPhone enhancements, with triple camera the biggest addition year over year. As a result, the analyst thinks the replacement cycle continues to extend ahead of 5G coming in the second half of 2020. The two biggest surprises for him were the $699 price point for iPhone 11, as Apple reverses the steady upward march of ASPs over the past few years, and very attractive pricing for TV+, a move that suggests Apple may be more focused on seeding the subscriber base for the long-term rather than maximizing near-term profitability on the offering, particularly when factoring in the free year for device purchasers. Cabral expects the stock to remain range-bound near-term as another lackluster iPhone cycle and the ongoing overhang from the U.S./China trade dispute remain on the front burner. He reiterates a Neutral rating and $209 price target on the shares.
09/11/19
DADA
09/11/19
NO CHANGE
Target $270
DADA
Buy
Apple TV+ announcement 'most significant' at Special Event, says DA Davidson
DA Davidson analyst Tom Forte keeps his Buy rating and $270 price target on Apple (AAPL) after its Special Event presentation yesterday. The analyst notes that the company's Apple TV+ pricing at $4.99 was the "most significant" of the announcements, even though he expects the competitive pressure on Roku (ROKU) from Apple's free 1-year SVOD service to be small, recommending that investors buy Roku on weakness. Forte also believes that Apple has a high chance of exceeding its "very low expectations" for new iPhone sales because of the possibility of tariffs possibly raising prices on next year's devices.
NFLX Netflix
$287.00

-3.89 (-1.34%)

09/11/19
NEED
09/11/19
NO CHANGE
Target $250
NEED
Strong Buy
Apple price target raised to $250 from $225 at Needham
Needham analyst Laura Martin raised her price target on Apple (AAPL) to $250 and kept her Strong Buy rating after its Special Event announcement, saying the company is continuing its transition to becoming an "integrated content owner" with "captive hardware" by driving more revenue per member and extending the life-span in its iOS ecosystem. The analyst notes that yesterday's event also helped underscore Apple's efforts in creating an "on-ramp" into that ecosystem. Martin cites Apple's broader range of iPhone prices, monthly payment plans, value in bundling Arcade and Apple TV offerings, as well as creating a content "price war" by pricing AppleTV+ at just $5 per month, which could pressure the likes of Netflix (NFLX).
09/11/19
WELS
09/11/19
NO CHANGE
Target $215
WELS
Market Perform
Apple focusing on presenting iPhone Pro as premium product, says Wells Fargo
Commenting on Apple's (AAPL) Tuesday event, Wells Fargo analyst Aaron Rakers notes that the company is focusing on presenting the iPhone Pro as a premium product. One of the biggest surprises was Apple's announced pricing for its Apple TV+ streaming service at $4.99/month versus Netflix (NFLX) $12.99 standard, Disney+ (DIS) $7.99, and HBO GO (T) $14.99, the analyst contends, adding that with a free 1-year Apple TV+ and Arcade subscription included with any new hardware purchase or upgrade, Apple is clearly focused on leveraging a subsidized pricing strategy to drive a user base as content expands. As Rakers thinks about the derivative read-though to his coverage of the NAND industry, the analyst believes that investors could be disappointed in Apple leaving its base NAND capacity point unchanged at 64GB. He reiterates a Market Perform rating and a $215 price target on Apple's shares.
09/10/19
FBCO
09/10/19
NO CHANGE
Target $440
FBCO
Outperform
Netflix Q3 app downloads rebounding, says Credit Suisse
Credit Suisse analyst Douglas Mitchelson says that his tracking of app downloads data through the first 7 weeks of Q3 suggests a broad-based rebound in global Netflix (NFLX) trends, reversing its mysteriously poor Q2 performance. A more marketable content slate appears to be contributing, based on the timing of downloads improvements in certain countries, including Saudi Arabia cracking the top-10, he adds. Of note, the analyst points out that Google (GOOGL) search data correlated with his app download analysis. While original slate continues to ramp, Mitchelson argues that for Netflix shares to rebound, Q3 results would have to come in well ahead of expectations. He reiterates an Outperform rating and $440 price target on Netflix's shares.
T AT&T
$37.98

1.01 (2.73%)

09/10/19
JPMS
09/10/19
NO CHANGE
Target $39
JPMS
Overweight
AT&T will likely engage with activist Elliott Management, says JPMorgan
While many of the potential changes brought up yesterdays by activist Elliott Management are already being addressed by AT&T, the company will likely engage with Elliott and some early announcements could result, JPMorgan analyst Philip Cusick tells investors in a research note. In particular, AT&T could be driven to better outline its plans for leverage and capital return, disavow any plans for further acquisitions from here, and more aggressively outline plans for the next round of cost cutting, according to Cusick. The analyst also believes the increased level of scrutiny could pressure AT&T management to broaden its efforts and push harder on exploring sales of non-strategic assets. Additionally, AT&T's succession planning could also get more attention, says Cusick. He keeps an Overweight rating on AT&T shares with a $39 price target.
09/10/19
LEHM
09/10/19
NO CHANGE
Target $35
LEHM
Equal Weight
AT&T price target raised to $35 from $31 at Barclays
Barclays analyst Kannan Venkateshwar raised his price target for AT&T (T) to $35 from $31 while keeping an Equal Weight rating on the shares. Activist Elliott Management is likely to have some impact on AT&T's strategic choices, with buybacks potentially being the most proximate, which should help close some of the company's valuation discount relative to Verizon Communications (VZ), Venkateshwar tells investors in a research note. However, while the analyst does not disagree with Elliott's take on the state of AT&T's business and some of its strategic choices, he believes that Elliott's "implicit assumptions driving some of its suggested solutions may be a bit too optimistic." Elliott suggests that AT&T should be more aggressive in monetizing larger assets such as DirecTV, but it is unclear who would buy this asset, adds the analyst.
09/10/19
OPCO
09/10/19
NO CHANGE
Target $41
OPCO
Outperform
Elliot's plan to accelerate AT&T shareowner value, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that Elliott Management sent a letter to AT&T's board of directors that it has taken a $3.2B effective ownership stake in the company and has a share price target of $60-plus by the end of 2021. Elliott's four-part plan recommends increased strategic focus, improving operational efficiencies, a formal capital allocation framework, and improved leadership, he adds. The analyst believes AT&T has the ability to increase shareholder value by continuing to focus more on higher growth segments that are in line with our shared infrastructure thesis. Horan notes the company is already implementing many of Elliott's recommendations, but believes it can be more aggressive with cost reductions and asset sales. He reiterates an Outperform rating and $41 price target on the shares.
AMZN Amazon.com
$1,811.50

-16.48 (-0.90%)

08/29/19
RBCM
08/29/19
NO CHANGE
Target $117
RBCM
Outperform
Elastic price target raised to $117 from $112 at RBC Capital
RBC Capital analyst Matthew Hedberg raised his price target on Elastic (ESTC) to $117 and kept his Outperform rating after its "strong" set of results in Q1, with upside in billings and revenue as well as little concern about competitive pressure from Amazon's (AMZN) AWS. The analyst further notes that while the guidance for Q2 was also ahead of consensus, it still "feels conservative" given the company's recent execution and opportunity for expansion.
09/10/19
GSCO
09/10/19
NO CHANGE
Target $713
GSCO
Buy
MercadoLibre likely to slip on Amazon prime launch in Brazil, says Goldman Sachs
Goldman Sachs analyst Irma Sgarz said she expects the shares of MercadoLibre (MELI) to react negatively to the announcement from Amazon (AMZN) that it is launching its Amazon Prime membership program in Brazil. The analyst said it is too early to estimate the potential impact on competitive dynamics and noted that MercadoLibre offers broad free shipping coverage for items above BRL 120, which she said covers 63% of items sold in Q2. Sgarz has a Buy rating and $713 price target on MercadoLibre shares.
09/09/19
LOOP
09/09/19
NO CHANGE
Target $90
LOOP
Buy
Best Buy prices remain 'very competitive' relative to Amazon, says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Buy rating and $90 price target on Best Buy (BBY), saying his pricing study relative to Amazon.com (AMZN) suggests that its prices remain "very competitive" with an average premium across 50 items at 3.2%. The analyst adds that Best Buy's upcoming Investor Update Meeting could be a potential positive catalyst for the stock as the management's revised FY19 comp sales guidance could prove to be conservative.
09/03/19
RBCM
09/03/19
NO CHANGE
Target $2600
RBCM
Outperform
Amazon.com price target raised to $2,600 from $2,250 at RBC Capital
RBC Capital analyst Mark Mahaney raised his price target on Amazon.com to $2,600 after his deep-dive analysis into the company's Prime one-day shipping initiative, saying its Q2 revenue and unit growth should accelerate as the offering is rolled out nationwide and worldwide. The analyst believes that Amazon is tapping into "real demand", with survey findings suggesting that 64% of U.S. internet users are "extremely" or "very" interested in next-day shipping. Based on his expectations of sustained revenue acceleration, Mahaney raises his FY20 and FY21 top-line forecasts to $337.2B and $410.9B from $334.6B and $405.9B respectively.

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AKAM

Akamai

$90.95

-0.13 (-0.14%)

21:13
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  • 18

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DB

Deutsche Bank

$8.06

-0.125 (-1.53%)

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PRVB

Provention Bio

$9.70

0.33 (3.52%)

20:31
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Syndicate
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  • 02

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  • 19

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DRI

Darden

$127.40

1.31 (1.04%)

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  • 18

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XGN

Exagen

$0.00

(0.00%)

19:48
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Syndicate
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  • 19

    Sep

PING

Ping Identity

$0.00

(0.00%)

19:35
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  • 19

    Sep

CBS

CBS

$43.38

0.08 (0.18%)

, T

AT&T

$36.77

-0.39 (-1.05%)

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CBS

CBS

$43.38

0.08 (0.18%)

T

AT&T

$36.77

-0.39 (-1.05%)

VIA

Viacom

$27.94

-0.06 (-0.21%)

VIAB

Viacom

$25.77

0.02 (0.08%)

BTI

British American Tobacco

$36.90

0.06 (0.16%)

MO

Altria Group

$40.84

-0.47 (-1.14%)

PM

Philip Morris

$71.58

-0.4 (-0.56%)

IMBBY

Imperial Brands

$0.00

(0.00%)

03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Oct

  • 12

    Nov

CRON

Cronos Group

$10.96

-0.205 (-1.84%)

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MLHR

Herman Miller

$44.48

-0.02 (-0.04%)

, SVRA

Savara

$2.49

-0.14 (-5.32%)

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Herman Miller

$44.48

-0.02 (-0.04%)

SVRA

Savara

$2.49

-0.14 (-5.32%)

CBPO

China Biologic

$103.19

0.37 (0.36%)

NCR

NCR Corp.

$33.62

0.77 (2.34%)

MSFT

Microsoft

$138.53

1.13 (0.82%)

TNDM

TNDM

X

U.S. Steel

$12.45

-0.51 (-3.94%)

PRVB

Provention Bio

$9.70

0.33 (3.52%)

PAA

Plains All American

$21.87

-0.315 (-1.42%)

COST

Costco

$292.47

0.96 (0.33%)

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

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  • 19

    Sep

  • 19

    Sep

  • 23

    Sep

  • 01

    Oct

  • 02

    Oct

  • 03

    Oct

  • 21

    Oct

  • 22

    Oct

  • 27

    Oct

  • 05

    Nov

  • 19

    Sep

  • 19

    Sep

  • 19

    Sep

TECD

Tech Data

$103.32

-0.59 (-0.57%)

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T

AT&T

$36.77

-0.39 (-1.05%)

, DISH

Dish

$35.58

0.3 (0.85%)

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T

AT&T

$36.77

-0.39 (-1.05%)

DISH

Dish

$35.58

0.3 (0.85%)

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  • 23

    Sep

  • 23

    Oct

AGCO

Agco

$76.04

-0.16 (-0.21%)

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PBR

Petrobras

$14.63

-0.31 (-2.08%)

18:22
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CE

Celanese

$123.69

-0.28 (-0.23%)

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STI

SunTrust

$68.57

0.48 (0.70%)

18:00
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WBS

Webster Financial

$48.84

0.43 (0.89%)

17:53
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  • 18

    Sep

  • 13

    Nov

HSBC

HSBC

$38.19

-0.1 (-0.26%)

17:52
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  • 27

    Oct

HES

Hess Corp.

$66.91

-0.92 (-1.36%)

17:50
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09/18
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  • 01

    Oct

  • 02

    Oct

CSCO

Cisco

$49.32

-0.1 (-0.20%)

, DDOG

Datadog

$0.00

(0.00%)

17:46
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09/18
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17:46
Periodicals
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Cisco (CSCO) approached…

CSCO

Cisco

$49.32

-0.1 (-0.20%)

DDOG

Datadog

$0.00

(0.00%)

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

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  • 10

    Oct

  • 13

    Nov

  • 19

    Sep

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