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DISCA

Discovery

$26.86

0.06 (0.22%)

, CMCSA

Comcast

$45.02

0.21 (0.47%)

13:03
09/30/19
09/30
13:03
09/30/19
13:03

Discovery, Comcast's FreeWheel announce multiyear partnership agreement

Discovery (DISCA) and FreeWheel, a Comcast company (CMCSA), announced a multiyear agreement under which FreeWheel will provide their unified decisioning platform to enable holistic advertising management for Discovery's full roster of cable networks. "As we are building the advertising solutions of the future, the industry needs to accelerate the innovation around technology, measurement and targeting. There is too much value being left on the table and Discovery is committed to supporting the next generation of innovators across the industry. FreeWheel has been a strong partner over the years, and their work to integrate the tech stacks of our expanded portfolio, while complicated, has been seamless," said Keith Kazerman, EVP Digital Sales, Advanced Advertising and Research, Discovery, Inc. "The resulting, combined Discovery platform offers advertisers the necessary scale and intelligence to reach their customers across the array of data-enabled delivery channels that are redefining the way television is bought and sold."

DISCA

Discovery

$26.86

0.06 (0.22%)

CMCSA

Comcast

$45.02

0.21 (0.47%)

CMCSK

Comcast

$0.00

(0.00%)

  • 24

    Oct

  • 27

    Oct

DISCA Discovery
$26.86

0.06 (0.22%)

05/30/19
WOLF
05/30/19
DOWNGRADE
WOLF
Peer Perform
Discovery downgraded to Peer Perform from Outperform at Wolfe Research
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.
08/14/19
NEED
08/14/19
NO CHANGE
Target $60
NEED
Buy
Needham positive on valuation and strategic position of ViacomCBS
Needham analyst Laura Martin is keeping her Buy rating and $60 price target on CBS (CBS) after its announced merger with Viacom (VIA), saying the company is retaining about 60% control along with many senior management positions in the deal. The analyst notes that the investment decision on CBS can now focus on its fundamentals, and she sees the combined entity as an "OTT superpower" with expected acceleration in its Subscription Video On Demand platform. Martin further contends that the merged ViacomCBS business is too cheap at a forward earnings estimate of 6.7-times relative to the multiples of her Hold-rated Discovery (DISCA) and Disney (DIS)
09/23/19
WELS
09/23/19
INITIATION
Target $35
WELS
Outperform
Discovery initiated with an Outperform at Wells Fargo
Wells Fargo analyst Steven Cahall started Discovery with an Outperform rating and $35 price target. The current media ecosystem favors companies that fully own their content, aren't in a contentious place with the distribution community, and have "ample" free cash flow, Cahall tells investors in a research note. He believes Discovery is "proving more resilient" on linear and well positioned for digital.
CMCSA Comcast
$45.02

0.21 (0.47%)

09/25/19
BNCH
09/25/19
INITIATION
Target $64
BNCH
Buy
Comcast initiated with a Buy at Benchmark
Benchmark analyst Matthew Harrigan initiated Comcast with a Buy rating and $64 price target, citing his view that the company is uniquely positioned to benefit from fixed and wireless/mobile broadband growth, direct-to-consumer alternatives to traditional TV bundles and advanced advertising. He sees the potential at Comcast for low teens annual adjusted EPS growth, assuming resumed buyback activity in 2020, Harrigan said.
09/20/19
PIVT
09/20/19
INITIATION
Target $60
PIVT
Sell
Pivotal starts 'dramatically overvalued' Roku with Sell rating, $60 target
Pivotal Research analyst Jeffrey Wlodarczak initiated coverage of Roku (ROKU) with a Sell rating and $60 price target. The streaming service closed yesterday up 3% to $133.76. The emergence of "dramatically" more competition will likely drive the cost of over-the-top devices to zero and put "material" pressure on advertising revenue splits, Wlodarczak tells investors in a research note partially titled "Is ROKU BROKU?" Comcast's (CMCSA) recent moves with its free Xfinity Flex product will likely be copied by other distributors, adds the analyst. He believes Comcast's move to free will materially reduce Roku's potential outsized subscriber growth and average revenue per user opportunities, or the reasons for the stock's "premium" valuation. Roku management deserves credit for the asset they have created, but "everyone has realized the living room is too important and the big boys with massive leverage" are likely to make the company's growth much more difficult, argues Wlodarczak. The analyst believes that despite the recent selloff, shares of Roku are still "dramatically overvalued."
09/19/19
RSBL
09/19/19
NO CHANGE
Target $134
RSBL
Buy
Roku pullback an 'overreaction' to Comcast's free streaming box, says Rosenblatt
Rosenblatt analyst Mark Zgutowicz said yesterday's weakness in Roku (ROKU) shares was related to news that Comcast (CMSCA) will give its Xfinity Flex streaming box to its broadband only customers for free. However, he thinks the potential impact to Roku looks modest. He thinks Roku has a significant customer acquisition advantage via smart TV sell through, noting that Roku TV sales have represented an estimated 1 of 3 smart TVs sold this year. Zgutowicz maintains a Buy rating and $134 price target on Roku shares, which are down another 1% to $128.26 in pre-market trading.
09/25/19
09/25/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Wayfair (W) initiated with a Neutral at UBS. 2. Comcast (CMCSA) initiated with a Buy at Benchmark. 3. FirstService (FSV) initiated with a Hold at TD Securities. 4. Momenta (MNTA) initiated with a Buy at H.C. Wainwright. 5. uniQure (QURE) initiated with an Outperform at Bernstein. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
CMCSK Comcast
$0.00

(0.00%)

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.
08/14/19
MACQ
08/14/19
DOWNGRADE
Target $31
MACQ
Neutral
Viacom downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Tim Nollen downgraded Viacom (VIAB) to Neutral from Outperform and keeps a Neutral rating on CBS (CBS) shares after the two companies announced a merger deal with no premium for Viacom following "3 years of on again/off again merger discussions amidst wrenching change in the industry." While he believes the deal's strategic positives outweigh the risks, Nollen said integration might not be easy and that ViacomCBS will still be "small-ish" compared with competitors Comcast (CMCSA) and Disney (DIS). He lowered his price target on Viacom shares to $31 from $37 and cut his price target on CBS shares to $53 from $55.

TODAY'S FREE FLY STORIES

DXC

DXC Technology

$29.63

-0.45 (-1.50%)

15:04
11/11/19
11/11
15:04
11/11/19
15:04
Options
DXC Technology options imply 23.0% move in share price post-earnings »

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  • 11

    Nov

MRK

Merck

$83.09

-0.5 (-0.60%)

15:01
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Merck reports ERVEBO vaccine granted conditional approval in EU »

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BTI

British American Tobacco

$37.41

0.38 (1.03%)

, MO

Altria Group

$46.49

0.08 (0.17%)

14:51
11/11/19
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Trump says will meet with representatives of the vaping industry »

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BTI

British American Tobacco

$37.41

0.38 (1.03%)

MO

Altria Group

$46.49

0.08 (0.17%)

IMBBY

Imperial Brands

$0.00

(0.00%)

PM

Philip Morris

$83.70

0.11 (0.13%)

03/08/13
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WMGI

Wright Medical

$29.39

-0.01 (-0.03%)

14:49
11/11/19
11/11
14:49
11/11/19
14:49
Options
Wright Medical options imply 3.5% move in share price post-earnings »

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COG

Cabot Oil & Gas

$17.86

-0.515 (-2.80%)

14:45
11/11/19
11/11
14:45
11/11/19
14:45
Options
Cabot Oil & Gas call volume above normal and directionally bullish »

Bullish option flow…

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TOT

Total

$54.72

-0.08 (-0.15%)

, USO

United States Oil Fund

$11.94

-0.055 (-0.46%)

14:27
11/11/19
11/11
14:27
11/11/19
14:27
Periodicals
Total CEO sees weak oil demand growth next year, Bloomberg says »

Total CEO Patrick…

TOT

Total

$54.72

-0.08 (-0.15%)

USO

United States Oil Fund

$11.94

-0.055 (-0.46%)

03/08/13
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03/06/13
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KMB

Kimberly-Clark

$131.12

-0.37 (-0.28%)

, ACN

Accenture

$189.95

0.34 (0.18%)

14:25
11/11/19
11/11
14:25
11/11/19
14:25
Periodicals
Kimberly-Clark moving some ad duties to Accenture from WPP, WSJ says »

Kimberly-Clark (KMB) has…

KMB

Kimberly-Clark

$131.12

-0.37 (-0.28%)

ACN

Accenture

$189.95

0.34 (0.18%)

WPP

WPP

$64.60

-0.01 (-0.02%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 11

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    Jan

WPP

WPP

$64.60

-0.01 (-0.02%)

, ACN

Accenture

$190.05

0.44 (0.23%)

14:21
11/11/19
11/11
14:21
11/11/19
14:21
Periodicals
Kimberly-Clark moving some ad duties to Accenture from WPP, WSJ says »

Kimberly-Clark (KMB) has…

WPP

WPP

$64.60

-0.01 (-0.02%)

ACN

Accenture

$190.05

0.44 (0.23%)

KMB

Kimberly-Clark

$131.12

-0.37 (-0.28%)

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

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  • 11

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  • 23

    Jan

MS

Morgan Stanley

$49.30

0.15 (0.31%)

14:20
11/11/19
11/11
14:20
11/11/19
14:20
Options
Heavy bullish option flow in Morgan Stanley January term »

Heavy bullish option flow…

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03/06/13
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  • 11

    Nov

  • 12

    Nov

BABA

Alibaba

$186.42

-0.69 (-0.37%)

, AAPL

Apple

$261.99

1.79 (0.69%)

14:17
11/11/19
11/11
14:17
11/11/19
14:17
Hot Stocks
Alibaba reports 11.11 gross merchandise volume grew 26% year-over-year to $38.4B »

Alibaba Group (BABA)…

BABA

Alibaba

$186.42

-0.69 (-0.37%)

AAPL

Apple

$261.99

1.79 (0.69%)

EL

Estee Lauder

$186.46

-0.81 (-0.43%)

GPS

Gap

$17.01

0.32 (1.92%)

LRLCY

L'Oreal

$0.00

(0.00%)

LEVI

Levi Strauss

$17.07

-0.06 (-0.35%)

NSRGY

Nestle

$0.00

(0.00%)

NKE

Nike

$89.89

0.09 (0.10%)

VFC

VF Corp.

$86.52

-0.56 (-0.64%)

UA

Under Armour

$15.81

-0.07 (-0.44%)

UAA

Under Armour

$17.53

-0.02 (-0.11%)

03/08/13
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03/08/13
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03/06/13
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  • 15

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
11/11/19
11/11
14:17
11/11/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
11/11/19
11/11
14:16
11/11/19
14:16
Technical Analysis
NYSE market internals summary »

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PCG

PG&E

$6.05

-0.42 (-6.49%)

14:13
11/11/19
11/11
14:13
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14:13
Periodicals
CA governor raises objections to $11B PG&E insurance deal, WSJ reports »

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  • 12

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AUPH

Aurinia Pharmaceuticals

$5.05

-0.085 (-1.66%)

14:05
11/11/19
11/11
14:05
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14:05
Options
Aurinia Pharmaceuticals call volume above normal and directionally bullish »

Bullish option flow…

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  • 14

    Nov

LPCN

Lipocine

$0.78

-1.945 (-71.38%)

14:04
11/11/19
11/11
14:04
11/11/19
14:04
Recommendations
Lipocine analyst commentary  »

Lipocine price target…

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FIT

Fitbit

$6.93

-0.13 (-1.84%)

13:55
11/11/19
11/11
13:55
11/11/19
13:55
Options
Fitbit put volume heavy and directionally bearish »

Bearish flow noted in…

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DB

Deutsche Bank

$7.61

-0.02 (-0.26%)

13:45
11/11/19
11/11
13:45
11/11/19
13:45
Options
Deutsche Bank call volume above normal and directionally bullish »

Bullish option flow…

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LPCN

Lipocine

$0.82

-1.9039 (-69.87%)

13:37
11/11/19
11/11
13:37
11/11/19
13:37
Downgrade
Lipocine rating change  »

Lipocine downgraded to…

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BABA

Alibaba

$185.80

-1.31 (-0.70%)

13:35
11/11/19
11/11
13:35
11/11/19
13:35
Recommendations
Alibaba analyst commentary  »

Alibaba Singles Day…

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  • 19

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S

Sprint

$5.89

-0.22 (-3.60%)

13:35
11/11/19
11/11
13:35
11/11/19
13:35
Options
Sprint put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 09

    Dec

GOOG

Alphabet

$1,299.39

-9.97 (-0.76%)

, GOOGL

Alphabet Class A

$1,298.40

-9.58 (-0.73%)

13:34
11/11/19
11/11
13:34
11/11/19
13:34
Periodicals
Google gathering health data on millions of Americans, WSJ reports »

Alphabet's (GOOG,…

GOOG

Alphabet

$1,299.39

-9.97 (-0.76%)

GOOGL

Alphabet Class A

$1,298.40

-9.58 (-0.73%)

03/08/13
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WMK

Weis Markets

$39.40

-0.06 (-0.15%)

, VLGEA

Village Super Market

$26.80

-0.38 (-1.40%)

13:31
11/11/19
11/11
13:31
11/11/19
13:31
Periodicals
Amazon to open grocery store alternative to Whole Foods, CNET says »

CNET's Ben Fox Rubin…

WMK

Weis Markets

$39.40

-0.06 (-0.15%)

VLGEA

Village Super Market

$26.80

-0.38 (-1.40%)

WMT

Walmart

$118.86

-0.55 (-0.46%)

SVU

Supervalu

$0.00

(0.00%)

KR

Kroger

$26.51

-0.5 (-1.85%)

CASY

Casey's General Stores

$166.95

0.07 (0.04%)

AMZN

Amazon.com

$1,770.99

-14.36 (-0.80%)

03/08/13
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CDE

Coeur Mining

$6.25

0.305 (5.13%)

13:25
11/11/19
11/11
13:25
11/11/19
13:25
Options
Coeur Mining call volume above normal and directionally bullish »

Bullish option flow…

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WE

We Company

$0.00

(0.00%)

, JLL

Jones Lang LaSalle

$161.83

0.23 (0.14%)

13:21
11/11/19
11/11
13:21
11/11/19
13:21
Periodicals
We Company outsourcing cleaning staff to JLL, Business Insider reports »

We Company (WE) is…

WE

We Company

$0.00

(0.00%)

JLL

Jones Lang LaSalle

$161.83

0.23 (0.14%)

03/08/13
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MGM

MGM Resorts

$31.41

0.01 (0.03%)

, DSS

Document Security

$0.34

0.0059 (1.76%)

13:18
11/11/19
11/11
13:18
11/11/19
13:18
On The Fly
Fly Insider: MGM, IDEXX Laboratories among week's notable insider trades »

Welcome to "Fly Insider,"…

MGM

MGM Resorts

$31.41

0.01 (0.03%)

DSS

Document Security

$0.34

0.0059 (1.76%)

CNFR

Conifer Holdings

$4.32

0.42 (10.77%)

OFIX

Orthofix

$44.42

-0.46 (-1.03%)

LMNX

Luminex

$19.33

0.96 (5.23%)

UBER

Uber

$26.93

-0.08 (-0.30%)

REPL

Replimune Group

$16.69

-0.11 (-0.65%)

TPX

Tempur Sealy

$86.40

0.82 (0.96%)

IDXX

Idexx Laboratories

$253.71

-0.8 (-0.31%)

BX

Blackstone

$51.89

0.475 (0.92%)

03/08/13
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