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T

AT&T

$37.59

0.415 (1.12%)

07:15
11/22/19
11/22
07:15
11/22/19
07:15

AT&T near-term short case 'makes little sense,' says JPMorgan

JPMorgan analyst Philip Cusick, after meeting with AT&T CFO John Stephens and going through an extensive review of the factors underlying its guidance in 2020 and beyond, says the stock's near-term short case "makes little sense." To investors who worry about AT&T hitting its guidance, the analyst emphasizes that he doesn't model anything like the revenue, EBITDA, or earnings guidance either. However, he highlights AT&T's 5.5% dividend and $7B-$9B buyback in refuting the short case. Cusick keeps an Overweight rating on AT&T with a $42 price target.

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T AT&T
$37.59

0.415 (1.12%)

11/14/19
11/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Sell from Hold at Maxim with analyst Nehal Chokshi saying his survey data lead him to project iPhone revenue in fiscal Q2 that is 14% below consensus iPhone revenue that is 6% below consensus for fiscal year 2020. He also expects operating profit to decline year-over-year due to his below consensus iPhone view. 2. Kraft Heinz (KHC) downgraded to Sell from Neutral at Goldman Sachs with analyst Jason English saying shares are up 15% since the company reported Q3 results on October 31. 3. Verizon (VZ), AT&T (T), and T-Mobile (TMUS) downgraded to Hold from Buy at HSBC. 4. Myomo (MYO) downgraded to Neutral from Buy at Roth Capital with analyst Scott Henry saying he sees lowered future expectations for the company after its Q3 results missed expectations. 5. Albemarle (ALB) downgraded to Neutral from Buy at Seaport Global with analyst Michael Harrison saying "challenging" lithium market dynamics are now anticipated to continue though 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/19/19
MOFT
11/19/19
DOWNGRADE
Target $30
MOFT
Sell
AT&T downgraded to Sell from Neutral at MoffettNathanson
MoffettNathanson analyst Craig Moffett downgraded AT&T to Sell from Neutral with an unchanged $30 price target, stating that he finds it hard to imagine the company's recently issued three-year guidance can be achieved. The Entertainment Group, "in short, is a cancer," contends Moffett, who also notes that Business Wireline is shrinking around 4%. Given those units' issues, Wireless, which represents just 40% of revenues, would need to grow roughly ten times faster in 2020 than it has in 2019 to hit the goals, says Moffett.
11/19/19
11/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AT&T (T) downgraded to Sell from Neutral at MoffettNathanson with analyst Craig Moffett saying he finds it hard to imagine the company's recently issued three-year guidance can be achieved. 2. Helmerich & Payne (HP) downgraded to Hold from Buy at Argus with analyst Bill Selesky saying the stock has been hurt by the persistent oil price volatility and reduced capital spending among its E&P customers, which has also lowered demand for its oil rigs and led to declines in utilization rates and declining margins. 3. Public Storage (PSA) downgraded to Neutral from Buy at BofA/Merrill with analyst Jeffrey Spector citing the company's low earnings visibility along with its marketing pressures and "elevated" industry supply. 4. Leggett & Platt (LEG) downgraded to Hold from Buy at Stifel with analyst John Baugh saying after attending the company's investor conference, the he sees less upside to shares, which he notes have now risen nearly 50% year-to-date. 5. Itau Unibanco (ITUB) downgraded to Neutral from Overweight at JPMorgan with analyst Domingos Falavina saying the company's provisions may surprise to the upside. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/20/19
KEYB
11/20/19
NO CHANGE
KEYB
Sector Weight
KeyBanc data shows deterioration in AT&T TV NOW subscribers
KeyBanc analyst Brandon Nispel says his firm's Key First Look Data from credit cards shows further deterioration in subscribers for AT&T TV NOW and DIRECTV, and declining subscribers for HBO in October. In a research note to investors, Nispel says that while video monetization remains healthy, subscriber metrics are not. With AT&T having broad exposure to secularly challenged businesses, he retains a Sector Weight rating on the shares.

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SPT

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SCHW

Charles Schwab

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AQST

Aquestive Therapeutics

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BY

Byline Bancorp

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0.54 (2.93%)

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NXGN

NextGen Healthcare

$16.83

-1.28 (-7.07%)

19:08
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AMOT

Allied Motion

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0.81 (1.76%)

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Allied Motion CEO sells 10K shares of common stock »

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LILA

Liberty Latin America

$17.56

0.32 (1.86%)

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HOCPY

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$0.00

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, TOSBF

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Hoya to offer JPY12,900 per share in tender offer for Toshiba unit NuFlare »

Hoya Corporation (HOCPY)…

HOCPY

Hoya Corp.

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TOSBF

Toshiba, also use TOSYY

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ADBE

Adobe

$305.76

2.01 (0.66%)

, SRPT

Sarepta

$100.39

-1.15 (-1.13%)

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SRPT

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$100.39

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DDOG

Datadog

$35.75

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RIG

Transocean

$5.94

0.28 (4.95%)

TPR

Tapestry

$26.35

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GTIM

Good Times Restaurants

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ORCL

Oracle

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AVGO

Broadcom

$327.39

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COST

Costco

$297.50

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CNC

Centene

$58.52

-0.13 (-0.22%)

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SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:40
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Breaking Hot Stocks news story on Sarepta »

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PHR

Phreesia

$28.67

0.1 (0.35%)

18:38
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Syndicate
Phreesia 6.75M share Secondary priced at $26.00 »

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SRPT

Sarepta

$100.39

-1.15 (-1.13%)

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ADBE

Adobe

$305.76

2.01 (0.66%)

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Adobe CEO: We are not overly concerned with the trade war with China »

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SRPT

Sarepta

$100.39

-1.15 (-1.13%)

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Sarepta announces FDA approval of VYONDYS 53 injection to treat DMD »

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AMZN

Amazon.com

$1,760.44

11.33 (0.65%)

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OHAI

OHA Investment

$1.28

(0.00%)

, PTMN

Portman Ridge Finance

$2.04

(0.00%)

18:10
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OHA Investment obtains stockholder approval of Portman Ridge deal »

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OHAI

OHA Investment

$1.28

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Portman Ridge Finance

$2.04

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ONCT

Oncternal Therapeutics

$4.62

0.05 (1.09%)

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HZN

Horizon Global

$3.49

0.14 (4.18%)

18:03
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Horizon Global CFO Jamie Pierson steps down »

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ORCL

Oracle

$56.47

0.16 (0.28%)

18:03
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SRPT

Sarepta

$100.39

-1.15 (-1.13%)

18:00
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ORCL

Oracle

$56.47

0.16 (0.28%)

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NLNK

NewLink Genetics

$1.61

-0.015 (-0.93%)

, EVRC

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$0.00

(0.00%)

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NLNK

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-0.015 (-0.93%)

EVRC

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Evercel, Inc

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