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T

AT&T

$37.80

-0.38 (-1.00%)

, NWS

News Corp

$14.23

0.03 (0.21%)

12:50
10/23/19
10/23
12:50
10/23/19
12:50

CNN working on digital news service, Information says

WarnerMedia's (T) CNN is entering the digital news fray with an offering of its own in an effort to take on News Corp.'s (NWSA) Knewz.com, Facebook (FB), and Apple (AAPL), the Information's Jessica Toonkel reports. Though CNN's service does not yet have an official name, it is referred to internally as "NewsCo," Toonkel notes. The cable news network is discussing paying news organizations to feature their content on the platform, which will likely be a mix of subscription-based and advertising-based content, Toonkel says, citing CNN digital chief Andrew Morse. Reference Link

T

AT&T

$37.80

-0.38 (-1.00%)

NWS

News Corp

$14.23

0.03 (0.21%)

NWSA

News Corp.

$13.86

0.01 (0.07%)

FB

Facebook

$184.53

2.26 (1.24%)

AAPL

Apple

$242.41

2.44 (1.02%)

  • 23

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    Oct

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    Nov

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    Nov

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    Nov

T AT&T
$37.80

-0.38 (-1.00%)

10/16/19
BERN
10/16/19
INITIATION
Target $63
BERN
Market Perform
Verizon initiated with a Market Perform on competition at Bernstein
As previously reported, Bernstein analyst Peter Supino initiated coverage of Verizon (VZ) with a Market Perform rating and $63 price target. The analyst notes that Verizon is the mobile industry leader with an "exciting" network vision and upside to its dividend payout ratio. However, he believes the networks of AT&T (T) and T-Mobile (TMUS) are increasingly competitive and he has longer-term concerns about an intensification of MVNO-competition. With strong near-term mix tends, long-term potential for new revenues from 5GHome and Enterprise, the risk-reward seems balanced, he contends.
10/16/19
10/16/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Verizon (VZ), Comcast (CMCSA), and AT&T (T) initiated with Market Perform ratings at Bernstein. 2. Inovalon (INOV) initiated with a Buy at Citi. 3. Assembly Biosciences (ASMB) initiated with a Buy at Mizuho. 4. ChromaDex (CDXC) initiated with an Outperform at Oppenheimer. 5. Axsome Therapeutics (AXSM) initiated with a Buy at Guggenheim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/15/19
BERN
10/15/19
INITIATION
Target $36
BERN
Market Perform
AT&T initiated with a Market Perform at Bernstein
Bernstein initiated AT&T with a Market Perform rating and $36 price target.
10/07/19
RAJA
10/07/19
NO CHANGE
Target $40
RAJA
Outperform
AT&T price target raised to $40 from $35 at Raymond James
Raymond James analyst Frank Louthan reiterated an Outperform rating on AT&T and raised his price target to $40 from $35. Louthan, who adjusted his Q3 revenue and EBITDA estimates to $44.7B and $15.057B, respectively, from $45.6B and $15.125B as well as his Q3 wireless equipment and WarnerMedia revenue estimates to $4B and $8.2B, respectively, from $4.3B and $8.4B, tells investors in a research note that he expects lower upgrade rates to persist into the back half along with a more competitive film slate relative to what the 2018 box office presented. Additionally, the analyst says he thinks that AT&T can find "several billion" of cash cost to take out, if not more, by improving operational efficiencies. He expects a cost cutting plan to be in place when AT&T issues guidance after reporting Q4 results.
NWS News Corp
$14.23

0.03 (0.21%)

NWSA News Corp.
$13.86

0.01 (0.07%)

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.
08/11/19
FBCO
08/11/19
UPGRADE
FBCO
Outperform
News Corp. upgraded to Outperform from Neutral at Credit Suisse
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.
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.
FB Facebook
$184.53

2.26 (1.24%)

10/15/19
JEFF
10/15/19
NO CHANGE
JEFF
Jefferies selective on Internet into Q3, most positive on Alphabet and Facebook
Jefferies analyst Brent Thill, who is "generally positive" on Internet sector fundamentals, tells investors to remain selective ahead of Q3 earnings. The analyst is most bullish on Alphabet (GOOGL), Facebook (FB), Expedia (EXPE), and Wix.com (WIX). He remains underweight TripAdvisor (TRIP), Shutterstock (SSTK), and Endurance (EIGI). Thill is most positive on Alphabet and Facebook. Alphabet's setup is better in the second half of the year relative to the first half due to easier comps, healthy core advertising, momentum in Google Cloud, and expanded hardware line-up ahead of the holidays, the analyst tells investors in a research note. He also likes Facebook's setup due to easier second half comps, recent product innovation on Instagram Commerce, and improvements to the core Facebook app. In e-commerce, Thill is a buyer of Amazon.com (AMZN) on any pullback. In travel, he like Expedia (EXPE) over Booking Holdings (BKNG). The analyst also views the recent selloff in Match Group (MTCH) shares as a buying opportunity.
10/23/19
MZHO
10/23/19
NO CHANGE
Target $247
MZHO
Buy
Facebook expense guidance will likely top consensus, says Mizuho
After hosting an investor call with a leading ad agency on Facebook's Q3 spending trends, Mizuho analyst James Lee says the company's expense guidance will likely be above consensus due to its data security initiatives. The analyst would be a buyer of Facebook shares on any weakness post guidance. He keeps a Buy rating on the name with a $247 price target.
10/22/19
KEYB
10/22/19
NO CHANGE
KEYB
Ad spending across major internet platforms remained healthy in Q3, says KeyBanc
KeyBanc analyst Andy Hargreaves says that despite signs of softness from large ad agencies, he believes ad spending across the major internet platforms remained healthy in Q3. The analyst expects positive results out of Facebook (FB) and results from Alphabet (GOOGL) that are largely in line with expectations. Feedback was more mixed around Twitter (TWTR), but not consistent enough to prompt a change to his estimates. Hargreaves continues to recommend owning Alphabet and Facebook.
10/16/19
BARD
10/16/19
NO CHANGE
Target $230
BARD
Outperform
Facebook checks generally positive but guidance could be overhang, says Baird
Baird analyst Colin Sebastian said Facebook will likely see upside to his and the Street's Q3 estimates as agency and advertiser checks suggest relatively steady growth rates versus the slowdown implied by guidance. The analyst believes the company's focus on privacy, data security, messaging , and other product improvements will continue to weigh on margins but he thinks it is likely embedded in investor expectations and consensus estimates. Sebastian reiterated his Outperform rating and $230 price target on Facebook shares.
AAPL Apple
$242.41

2.44 (1.02%)

10/22/19
KEYB
10/22/19
NO CHANGE
KEYB
KeyBanc views near-term risk/reward on Apple as 'slightly negative'
KeyBanc analyst Andy Hargreaves views the near-term risk/reward on Apple as "slightly negative." The analyst notes that there is "a perception of safety" in Apple and expects near-term results to match expectations. However, the valuation appears to require a re-acceleration in top-line growth that he does not anticipate, while leaving little room for error, he contends. Hargreaves believes this limits the potential for further multiple expansion, while exposing investors to risks associated with iPhone ASP declines, stagnating user growth, brand risk in China, regulatory risk around App Store, and the financial risk from potential tariffs.
10/22/19
DBAB
10/22/19
NO CHANGE
Target $230
DBAB
Hold
Apple price target raised to $230 from $210 at Deutsche Bank
Deutsche Bank analyst Jeriel Ong raised his price target for Apple to $230 from $210 while keeping a Hold rating on the shares. The analyst sees iPhone unit demand better than present Street expectations. However, with the stock rising 13% intra-quarter, earnings upside driven by iPhones is largely priced in, Ong tells investors in a research note. When the analyst considers Apple's valuation with the company's fundamental levers for further earnings upside, he sees a "balanced reward profile relative to the risks." Ong says that while non-iPhone hardware revenues have exhibited mid-to-high teens year-over-year growth for three straight quarters, he remains "dubious that such growth can sustain over a multi-year time frame," especially when Wearables and Services revenues remain tied to iPhone growth.
10/23/19
MSCO
10/23/19
NO CHANGE
Target $289
MSCO
Overweight
Apple price target raised to $289 from $247 at Morgan Stanley
Morgan Stanley analyst Katy Huberty disagrees with the prevailing view that Apple is entering a new, more capital intensive market with a low probability of generating a positive return via its launch of TV+. On the contrary, she sees Apple TV+ boosting Services revenue growth by 2 points in FY20 and contributing an incremental $3 per share to Apple's sum-of-the-parts valuation, Huberty tells investors. Her bear case for Apple TV+ assumes 68M paid subscriber by FY25, though her base case if for 136M subscribers by that time and in her bull case she sees Apple TV+ growing to 175M paid subscribers by FY25. Huberty, who sees accelerating Services growth and multiple expansion ahead of the 5G iPhone launch among Apple's "growing list of catalysts," keeps Apple as her top pick into 2020 and raised her price target on the stock to $289 from $247.
10/23/19
OTRG
10/23/19
NO CHANGE
OTRG
Mixed
Apple's iPhone improves to Mixed from Negative at OTR Global
OTR Global's checks indicates demand for Apple's new iPhone 11 series is stronger than for the 2018 iPhones in the first week after launch. As a result, the firm raised its view on the Apple iPhone to Mixed from Negative.

TODAY'S FREE FLY STORIES

CVET

Covetrus

$14.93

1.44 (10.67%)

18:41
11/15/19
11/15
18:41
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18:41
Hot Stocks
Covetrus CEO: We're a leader in the humanization of pets »

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CMCSK

Comcast

$0.00

(0.00%)

, CMCSA

Comcast

$44.54

-0.93 (-2.05%)

18:02
11/15/19
11/15
18:02
11/15/19
18:02
Hot Stocks
Viacom extends cable deal for 'The Office' through 2025 »

Viacom (VIA) announced…

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$44.54

-0.93 (-2.05%)

VIAB

Viacom

$23.07

0.59 (2.62%)

VIA

Viacom

$26.59

1.28 (5.06%)

03/08/13
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  • 09

    Dec

CWK

Cushman & Wakefield

$19.10

0.1 (0.53%)

17:48
11/15/19
11/15
17:48
11/15/19
17:48
Hot Stocks
Cushman & Wakefield CEO sells 84.6K share of common stock »

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  • 12

    Nov

LMT

Lockheed Martin

$393.52

3.305 (0.85%)

17:39
11/15/19
11/15
17:39
11/15/19
17:39
Hot Stocks
Lockheed Martin awarded maximum $3.33B Air Force contract »

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ESCA

Escalade

$10.90

-0.09 (-0.82%)

17:38
11/15/19
11/15
17:38
11/15/19
17:38
Hot Stocks
Escalade CEO Fetherman to retire »

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CZR

Caesars

$12.96

0.1 (0.78%)

, ERI

Eldorado Resorts

$52.10

0.93 (1.82%)

17:38
11/15/19
11/15
17:38
11/15/19
17:38
Hot Stocks
Eldorado, Caesars stockholders approve Eldorado acquisition of Caesars »

Eldorado Resorts (ERI)…

CZR

Caesars

$12.96

0.1 (0.78%)

ERI

Eldorado Resorts

$52.10

0.93 (1.82%)

03/08/13
Wedge Partners
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  • 15

    Nov

EGRX

Eagle Pharmaceuticals

$57.24

0.55 (0.97%)

17:15
11/15/19
11/15
17:15
11/15/19
17:15
Syndicate
Breaking Syndicate news story on Eagle Pharmaceuticals »

Eagle Pharmaceuticals…

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FN

Fabrinet

$60.82

0.84 (1.40%)

17:11
11/15/19
11/15
17:11
11/15/19
17:11
Hot Stocks
Fabrinet President Gill sells 12.9K shares of common stock »

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  • 12

    Dec

TEUM

Pareteum

$0.38

-0.0209 (-5.21%)

17:05
11/15/19
11/15
17:05
11/15/19
17:05
Hot Stocks
Pareteum receives noncompliance notice from Nasdaq »

Pareteum announced that…

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HEXO

Hexo

$1.78

-0.1 (-5.32%)

17:00
11/15/19
11/15
17:00
11/15/19
17:00
Hot Stocks
Hexo was cannabis was being grown in unlicensed space at Niagara site »

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AMGN

Amgen

$220.84

2.29 (1.05%)

, CELG

Celgene

$110.02

-0.01 (-0.01%)

16:57
11/15/19
11/15
16:57
11/15/19
16:57
Hot Stocks
Bristol-Myers gets FTC clearance for Celgene acquisition »

Bristol-Myers Squibb…

AMGN

Amgen

$220.84

2.29 (1.05%)

CELG

Celgene

$110.02

-0.01 (-0.01%)

BMY

Bristol-Myers

$58.61

0.11 (0.19%)

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

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  • 18

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  • 07

    Dec

  • 25

    Mar

  • 04

    Apr

RAVE

Rave Restaurant

$1.44

-0.79 (-35.43%)

16:47
11/15/19
11/15
16:47
11/15/19
16:47
Hot Stocks
BBRC Asset Management reports 6.6% passive stake in Rave Restaurant »

BBRC Asset Management …

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CHAP

Chaparral Energy

$0.89

-0.0521 (-5.52%)

16:46
11/15/19
11/15
16:46
11/15/19
16:46
Hot Stocks
Chaparral Energy receives continued listing standard notice from NYSE »

Chaparral Energy…

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16:45
11/15/19
11/15
16:45
11/15/19
16:45
General news
Breaking General news story  »

San Francisco Federal…

16:45
11/15/19
11/15
16:45
11/15/19
16:45
General news
Breaking General news story  »

San Francisco Federal…

CI

Cigna

$196.08

6.41 (3.38%)

, CNC

Centene

$57.57

2.91 (5.32%)

16:41
11/15/19
11/15
16:41
11/15/19
16:41
On The Fly
Fly Intel: Wall Street's top stories for Friday »

Stocks closed out the…

CI

Cigna

$196.08

6.41 (3.38%)

CNC

Centene

$57.57

2.91 (5.32%)

CVS

CVS Health

$74.27

1.34 (1.84%)

HUM

Humana

$335.43

17.48 (5.50%)

UNH

UnitedHealth

$269.44

13.68 (5.35%)

WCG

WellCare

$312.01

10.155 (3.36%)

HNT

Health Net

$0.00

(0.00%)

MOH

Molina Healthcare

$129.60

7.3 (5.97%)

ANTM

Anthem

$298.18

16.14 (5.72%)

HCA

HCA Healthcare

$137.98

3.51 (2.61%)

CYH

Community Health

$3.12

0.25 (8.71%)

LPNT

LifePoint

$0.00

(0.00%)

UHS

Universal Health

$144.30

3.13 (2.22%)

NVDA

Nvidia

$204.12

-5.76 (-2.74%)

AMZN

Amazon.com

$1,739.33

-15.38 (-0.88%)

MSFT

Microsoft

$149.95

1.89 (1.28%)

UAA

Under Armour

$17.78

0.65 (3.79%)

UA

Under Armour

$15.97

0.41 (2.64%)

AMRN

Amarin

$23.99

2.5 (11.63%)

JNJ

Johnson & Johnson

$134.97

3.99 (3.05%)

GOOG

Alphabet

$1,334.01

21.82 (1.66%)

GOOGL

Alphabet Class A

$1,333.33

23.54 (1.80%)

ORCL

Oracle

$56.43

0.33 (0.59%)

RH

RH

$188.73

13.535 (7.73%)

QGEN

Qiagen

$40.56

3.255 (8.73%)

FTCH

Farfetch

$9.66

2.17 (28.97%)

THC

Tenet

$30.55

1.08 (3.66%)

TORC

resTORbio

$1.10

-6.83 (-86.13%)

ACB

Aurora Cannabis

$2.72

-0.57 (-17.33%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 15

    Nov

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    Nov

  • 19

    Nov

  • 20

    Nov

  • 20

    Nov

  • 20

    Nov

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    Nov

  • 04

    Dec

  • 07

    Dec

  • 09

    Dec

  • 09

    Dec

  • 13

    Dec

  • 28

    Dec

  • 06

    Jan

  • 21

    Jan

  • 06

    Feb

NYT

New York Times

$31.60

0.44 (1.41%)

16:41
11/15/19
11/15
16:41
11/15/19
16:41
Hot Stocks
New York Times CEO sells 66,000 class A common shares »

In a regulatory filing,…

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  • 09

    Dec

WEX

Wex

$200.52

4.61 (2.35%)

16:41
11/15/19
11/15
16:41
11/15/19
16:41
Hot Stocks
Wex director Morris sells 3K shares of common stock »

In a regulatory filing,…

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CBLI

Cleveland BioLabs

$0.59

-0.0444 (-6.97%)

16:39
11/15/19
11/15
16:39
11/15/19
16:39
Hot Stocks
Cleveland BioLabs CEO resigns effective December 13th »

In a regulatory 8-K…

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LOGC

LogicBio Therapeutics

$9.29

-0.04 (-0.43%)

16:38
11/15/19
11/15
16:38
11/15/19
16:38
Syndicate
Breaking Syndicate news story on LogicBio Therapeutics »

LogicBio Therapeutics…

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HTBI

HomeTrust

$25.99

-0.31 (-1.18%)

16:38
11/15/19
11/15
16:38
11/15/19
16:38
Hot Stocks
HomeTrust raises quarterly dividend 17% to 7c per share »

HomeTrust Bancshares…

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  • 18

    Nov

FR

First Industrial Realty

$42.05

-0.03 (-0.07%)

16:36
11/15/19
11/15
16:36
11/15/19
16:36
Hot Stocks
First Industrial Realty director sells 12K shares of common stock »

In a regulatory filing,…

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UBSI

United Bankshares

$39.51

-0.19 (-0.48%)

16:31
11/15/19
11/15
16:31
11/15/19
16:31
Hot Stocks
United Bankshares declares Q4 dividend of 35c per share »

United Bankshares…

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16:30
11/15/19
11/15
16:30
11/15/19
16:30
Options
Preliminary option volume of 24.0M today »

Preliminary option volume…

16:25
11/15/19
11/15
16:25
11/15/19
16:25
Conference/Events
Federal Reserve Bank of San Francisco participates in a discussion »

San Francisco Federal…

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