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Initiation
Fly Intel: Top five analyst initiations » 10:03
06/30/20
06/30
10:03
06/30/20
10:03
PYPL

PayPal

$171.37 /

+3.06 (+1.82%)

, WMG

Warner Music

$31.34 /

-0.125 (-0.40%)

, SONA

Southern National Bancorp

$9.44 /

+ (+0.00%)

, SITM

SiTime

$45.50 /

+0.5 (+1.11%)

, SQ

Square

$103.89 /

+0.18 (+0.17%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. PayPal (PYPL) initiated with an Outperform at JMP Securities. 2. Warner Music (WMG) was initiated with a Hold at Loop Capital and a Neutral at Citi. 3. Southern National Bancorp (SONA) initiated with an Equal Weight at Stephens. 4. SiTime (SITM) initiated with an Outperform at William Blair. 5. Square (SQ) initiated with a Market Perform at JMP Securities. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
WMG Warner Music
$31.34 /

-0.125 (-0.40%)

SQ Square
$103.89 /

+0.18 (+0.17%)

SONA Southern National Bancorp
$9.44 /

+ (+0.00%)

SITM SiTime
$45.50 /

+0.5 (+1.11%)

PYPL PayPal
$171.37 /

+3.06 (+1.82%)

PYPL PayPal
$171.37 /

+3.06 (+1.82%)

06/30/20 Canaccord
PayPal price target raised to $190 from $160 at Canaccord
06/30/20 Citi
PayPal remains a top idea at Citi
06/30/20 JMP Securities
PayPal initiated with an Outperform at JMP Securities
06/24/20
Fly Intel: Top five analyst downgrades
WMG Warner Music
$31.34 /

-0.125 (-0.40%)

06/30/20 Loop Capital
Warner Music initiated with a Hold at Loop Capital
06/30/20 Citi
Warner Music initiated with a Neutral, $33 target at Citi
06/30/20 Citi
Warner Music initiated with a Neutral at Citi
06/29/20 Loop Capital
Warner Music initiated with a Hold at Loop Capital
SONA Southern National Bancorp
$9.44 /

+ (+0.00%)

06/30/20 Stephens
Stephens starts Southern National Bancorp at Equal Weight with $11.50 target
06/29/20 Stephens
Southern National Bancorp initiated with an Equal Weight at Stephens
SITM SiTime
$45.50 /

+0.5 (+1.11%)

06/30/20 William Blair
SiTime initiated with an Outperform at William Blair
06/17/20 Barclays
SiTime price target raised to $50 from $24 at Barclays
06/16/20 Roth Capital
SiTime price target raised to $50 from $40 at Roth Capital
06/16/20 Raymond James
SiTime price target raised to $42 from $25 at Raymond James
SQ Square
$103.89 /

+0.18 (+0.17%)

06/30/20 JMP Securities
Square initiated with a Market Perform at JMP Securities
06/29/20 KeyBanc
Square price target raised to $125 from $70 at KeyBanc
06/23/20 Rosenblatt
Rosenblatt sees crypto offering fitting well with PayPal user base
06/22/20 Barclays
Square price target raised to $115 from $90 at Barclays
SQ Square
$103.89 /

+0.18 (+0.17%)

SITM SiTime
$45.50 /

+0.5 (+1.11%)

PYPL PayPal
$171.37 /

+3.06 (+1.82%)

  • 12
    Jun
  • 03
    Jun
  • 21
    Nov
WMG Warner Music
$31.34 /

-0.125 (-0.40%)

SQ Square
$103.89 /

+0.18 (+0.17%)

PYPL PayPal
$171.37 /

+3.06 (+1.82%)

WMG Warner Music
$31.34 /

-0.125 (-0.40%)

SQ Square
$103.89 /

+0.18 (+0.17%)

PYPL PayPal
$171.37 /

+3.06 (+1.82%)

WMG Warner Music
$31.34 /

-0.125 (-0.40%)

SQ Square
$103.89 /

+0.18 (+0.17%)

PYPL PayPal
$171.37 /

+3.06 (+1.82%)

On The Fly
Moderna, PayPal coverage initiations among today's top calls on Wall Street » 09:55
06/30/20
06/30
09:55
06/30/20
09:55
MRNA

Moderna

$63.09 /

+0.99 (+1.59%)

, PYPL

PayPal

$170.20 /

+1.89 (+1.12%)

, SQ

Square

$104.05 /

+0.34 (+0.33%)

, SPOT

Spotify

$263.74 /

-1.59 (-0.60%)

, WMG

Warner Music

$31.50 /

+0.035 (+0.11%)

, TME

Tencent Music

$13.83 /

+0.575 (+4.34%)

, ICPT

Intercept

$45.67 /

-0.97 (-2.08%)

, CLX

Clorox

$220.49 /

+3.01 (+1.38%)

Check out today's top…

Open Full Text

ShowHide Related Items >><<
WMG Warner Music
$31.50 /

+0.035 (+0.11%)

TME Tencent Music
$13.83 /

+0.575 (+4.34%)

SQ Square
$104.05 /

+0.34 (+0.33%)

SPOT Spotify
$263.74 /

-1.59 (-0.60%)

PYPL PayPal
$170.20 /

+1.89 (+1.12%)

MRNA Moderna
$63.09 /

+0.99 (+1.59%)

ICPT Intercept
$45.67 /

-0.97 (-2.08%)

CLX Clorox
$220.49 /

+3.01 (+1.38%)

MRNA Moderna
$63.09 /

+0.99 (+1.59%)

06/30/20 Argus
Moderna initiated with a Buy at Argus
06/30/20 Argus
Moderna initiated with a Buy at Argus
06/26/20 Morgan Stanley
Morgan Stanley says Axios overstates contention on Moderna-NIH vaccine ownership
06/23/20 Maxim
Inovio price target raised to $24 from $18 at Maxim
PYPL PayPal
$170.20 /

+1.89 (+1.12%)

06/30/20 Canaccord
PayPal price target raised to $190 from $160 at Canaccord
06/30/20 Citi
PayPal remains a top idea at Citi
06/30/20 JMP Securities
PayPal initiated with an Outperform at JMP Securities
06/24/20
Fly Intel: Top five analyst downgrades
SQ Square
$104.05 /

+0.34 (+0.33%)

06/30/20 JMP Securities
Square initiated with a Market Perform at JMP Securities
06/29/20 KeyBanc
Square price target raised to $125 from $70 at KeyBanc
06/23/20 Rosenblatt
Rosenblatt sees crypto offering fitting well with PayPal user base
06/22/20 Barclays
Square price target raised to $115 from $90 at Barclays
SPOT Spotify
$263.74 /

-1.59 (-0.60%)

06/30/20 Citi
Spotify initiated with a Neutral at Citi
06/29/20
Fly Intel: Top five analyst downgrades
06/29/20 Guggenheim
Guggenheim cuts Spotify to Sell with potential podcast dominance priced in
06/29/20 Morgan Stanley
Spotify price target raised to $275 from $190 at Morgan Stanley
WMG Warner Music
$31.50 /

+0.035 (+0.11%)

06/30/20 Loop Capital
Warner Music initiated with a Hold at Loop Capital
06/30/20 Citi
Warner Music initiated with a Neutral, $33 target at Citi
06/30/20 Citi
Warner Music initiated with a Neutral at Citi
06/29/20 Loop Capital
Warner Music initiated with a Hold at Loop Capital
TME Tencent Music
$13.83 /

+0.575 (+4.34%)

06/30/20 UBS
Tencent Music upgraded to Buy from Neutral at UBS
06/30/20 Citi
Tencent Music initiated with a Buy at Citi
03/18/20 BOCOM
Tencent Music upgraded to Neutral from Sell at BOCOM
03/12/20 Morgan Stanley
Tencent Music upgraded to Overweight from Equal Weight at Morgan Stanley
ICPT Intercept
$45.67 /

-0.97 (-2.08%)

06/30/20 Citi
Intercept upgraded to Buy from Neutral at Citi
06/30/20 SVB Leerink
Intercept price target lowered to $50 from $89 at SVB Leerink
06/30/20 B. Riley FBR
Intercept selloff yesterday overdone, says B. Riley FBR
06/30/20 Baird
Intercept downgraded to Neutral following "surprise" FDA decision at Baird
CLX Clorox
$220.49 /

+3.01 (+1.38%)

06/30/20 DA Davidson
Clorox initiated with a Buy at DA Davidson
06/29/20 DA Davidson
Clorox initiated with a Buy at DA Davidson
06/03/20 Credit Suisse
Clorox price target raised to $185 from $180 at Credit Suisse
05/04/20 Credit Suisse
Clorox price target raised to $180 from $172 at Credit Suisse
TME Tencent Music
$13.83 /

+0.575 (+4.34%)

SQ Square
$104.05 /

+0.34 (+0.33%)

SPOT Spotify
$263.74 /

-1.59 (-0.60%)

PYPL PayPal
$170.20 /

+1.89 (+1.12%)

MRNA Moderna
$63.09 /

+0.99 (+1.59%)

ICPT Intercept
$45.67 /

-0.97 (-2.08%)

CLX Clorox
$220.49 /

+3.01 (+1.38%)

  • 03
    Jun
  • 19
    May
  • 12
    Feb
WMG Warner Music
$31.50 /

+0.035 (+0.11%)

TME Tencent Music
$13.83 /

+0.575 (+4.34%)

SQ Square
$104.05 /

+0.34 (+0.33%)

SPOT Spotify
$263.74 /

-1.59 (-0.60%)

PYPL PayPal
$170.20 /

+1.89 (+1.12%)

MRNA Moderna
$63.09 /

+0.99 (+1.59%)

CLX Clorox
$220.49 /

+3.01 (+1.38%)

WMG Warner Music
$31.50 /

+0.035 (+0.11%)

TME Tencent Music
$13.83 /

+0.575 (+4.34%)

SQ Square
$104.05 /

+0.34 (+0.33%)

SPOT Spotify
$263.74 /

-1.59 (-0.60%)

PYPL PayPal
$170.20 /

+1.89 (+1.12%)

MRNA Moderna
$63.09 /

+0.99 (+1.59%)

ICPT Intercept
$45.67 /

-0.97 (-2.08%)

CLX Clorox
$220.49 /

+3.01 (+1.38%)

WMG Warner Music
$31.50 /

+0.035 (+0.11%)

TME Tencent Music
$13.83 /

+0.575 (+4.34%)

SQ Square
$104.05 /

+0.34 (+0.33%)

SPOT Spotify
$263.74 /

-1.59 (-0.60%)

PYPL PayPal
$170.20 /

+1.89 (+1.12%)

MRNA Moderna
$63.09 /

+0.99 (+1.59%)

CLX Clorox
$220.49 /

+3.01 (+1.38%)

Initiation
Warner Music initiated with a Hold at Loop Capital » 07:34
06/30/20
06/30
07:34
06/30/20
07:34
WMG

Warner Music

$31.47 /

+0.985 (+3.23%)

Loop Capital analyst Alan…

Loop Capital analyst Alan Gould initiated coverage of Warner Music with a Hold rating and $33 price target, though the analyst is positive on the company's position as the "only pure-play on the growth in digital streaming" from the content side, and he sees the stock as one of the best growth plays in traditional media. Streaming is set to grow at about 16% per year over the next 5 years, Gould estimates, modeling Warner Music's OIBDA margins increasing to nearly 23% by 2024 from 14% in 2019 amid a mix shift to digital from physical and due to economies of scale.

ShowHide Related Items >><<
WMG Warner Music
$31.47 /

+0.985 (+3.23%)

WMG Warner Music
$31.47 /

+0.985 (+3.23%)

06/30/20 Citi
Warner Music initiated with a Neutral, $33 target at Citi
06/30/20 Citi
Warner Music initiated with a Neutral at Citi
06/29/20 Loop Capital
Warner Music initiated with a Hold at Loop Capital
06/29/20 JPMorgan
Warner Music initiated with an Overweight at JPMorgan
  • 03
    Jun
WMG Warner Music
$31.47 /

+0.985 (+3.23%)

WMG Warner Music
$31.47 /

+0.985 (+3.23%)

WMG Warner Music
$31.47 /

+0.985 (+3.23%)

Initiation
Warner Music initiated with a Neutral, $33 target at Citi » 06:50
06/30/20
06/30
06:50
06/30/20
06:50
WMG

Warner Music

$31.47 /

+0.985 (+3.23%)

Citi analyst Jason…

Citi analyst Jason Bazinet initiated coverage of Warner Music Group with a Neutral rating and $33 price target. All metrics suggest streaming music growth will continue, but at a more modest pace, Bazinet tells investors in a research note. If streaming subscription growth slows, labels will likely extract more from distributors, adds the analyst. Bazinet believes shares of Warner do not offer a compelling risk/reward profile at current levels.

ShowHide Related Items >><<
WMG Warner Music
$31.47 /

+0.985 (+3.23%)

WMG Warner Music
$31.47 /

+0.985 (+3.23%)

06/30/20 Citi
Warner Music initiated with a Neutral at Citi
06/29/20 Loop Capital
Warner Music initiated with a Hold at Loop Capital
06/29/20 JPMorgan
Warner Music initiated with an Overweight at JPMorgan
06/29/20 Macquarie
Warner Music initiated with a Neutral at Macquarie
  • 03
    Jun
WMG Warner Music
$31.47 /

+0.985 (+3.23%)

WMG Warner Music
$31.47 /

+0.985 (+3.23%)

WMG Warner Music
$31.47 /

+0.985 (+3.23%)

Initiation
Warner Music initiated with a Neutral at Citi » 06:23
06/30/20
06/30
06:23
06/30/20
06:23
WMG

Warner Music

$31.47 /

+0.985 (+3.23%)

Citi initiated coverage…

Citi initiated coverage of Warner Music Group with a Neutral rating and $33 price target.

ShowHide Related Items >><<
WMG Warner Music
$31.47 /

+0.985 (+3.23%)

WMG Warner Music
$31.47 /

+0.985 (+3.23%)

06/29/20 Loop Capital
Warner Music initiated with a Hold at Loop Capital
06/29/20 JPMorgan
Warner Music initiated with an Overweight at JPMorgan
06/29/20 Macquarie
Warner Music initiated with a Neutral at Macquarie
06/29/20 Guggenheim
Guggenheim starts Warner Music at Buy with $36 price target
  • 03
    Jun
WMG Warner Music
$31.47 /

+0.985 (+3.23%)

WMG Warner Music
$31.47 /

+0.985 (+3.23%)

WMG Warner Music
$31.47 /

+0.985 (+3.23%)

Monday
Initiation
Warner Music initiated with a Hold at Loop Capital » 16:05
06/29/20
06/29
16:05
06/29/20
16:05
WMG

Warner Music

$31.60 /

+1.12 (+3.67%)

Loop Capital initiated…

Loop Capital initiated coverage of Warner Music Group with a Hold rating and $33 price target.

ShowHide Related Items >><<
WMG Warner Music
$31.60 /

+1.12 (+3.67%)

WMG Warner Music
$31.60 /

+1.12 (+3.67%)

06/29/20 JPMorgan
Warner Music initiated with an Overweight at JPMorgan
06/29/20 Macquarie
Warner Music initiated with a Neutral at Macquarie
06/29/20 Guggenheim
Guggenheim starts Warner Music at Buy with $36 price target
06/29/20 Morgan Stanley
Warner Music initiated with an Equal Weight at Morgan Stanley
  • 03
    Jun
WMG Warner Music
$31.60 /

+1.12 (+3.67%)

WMG Warner Music
$31.60 /

+1.12 (+3.67%)

WMG Warner Music
$31.60 /

+1.12 (+3.67%)

Initiation
Warner Music initiated with an Overweight at JPMorgan » 08:43
06/29/20
06/29
08:43
06/29/20
08:43
WMG

Warner Music

$30.48 /

-0.25 (-0.81%)

JPMorgan analyst Alexia…

JPMorgan analyst Alexia Quadrani initiated coverage of Warner Music Group with an Overweight rating and $40 price target. As the only pure play music content company, Warner is well positioned to benefit from the ongoing growth in paid music streaming globally, Quadrani tells investors in a research note. The analyst believes the shares will maintain a premium valuation.

ShowHide Related Items >><<
WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

06/29/20 Macquarie
Warner Music initiated with a Neutral at Macquarie
06/29/20 Guggenheim
Guggenheim starts Warner Music at Buy with $36 price target
06/29/20 Morgan Stanley
Warner Music initiated with an Equal Weight at Morgan Stanley
06/29/20 Barclays
Warner Music initiated with an Equal Weight at Barclays
  • 03
    Jun
WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

Initiation
Warner Music initiated with a Neutral at Macquarie » 08:41
06/29/20
06/29
08:41
06/29/20
08:41
WMG

Warner Music

$30.48 /

-0.25 (-0.81%)

Macquarie analyst Timothy…

Macquarie analyst Timothy Nollen initiated coverage of Warner Music with a Neutral rating and $32 price target.

ShowHide Related Items >><<
WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

06/29/20 Guggenheim
Guggenheim starts Warner Music at Buy with $36 price target
06/29/20 Morgan Stanley
Warner Music initiated with an Equal Weight at Morgan Stanley
06/29/20 Barclays
Warner Music initiated with an Equal Weight at Barclays
06/29/20 SunTrust
Warner Music initiated with a Buy at SunTrust
  • 03
    Jun
WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

Initiation
Guggenheim starts Warner Music at Buy with $36 price target » 08:27
06/29/20
06/29
08:27
06/29/20
08:27
WMG

Warner Music

$30.48 /

-0.25 (-0.81%)

As previously reported,…

As previously reported, Guggenheim analyst Michael Morris initiated coverage of Warner Music Group with a Buy rating and $36 price target. Digital has supported a return to growth for the global music industry after nearly a decade of economic contraction and Warner Music is uniquely positioned to potentially benefit given it role as a key intellectual property owner and a facilitator of content creation, Morris tells investors. He expects financial results to come in above implied consensus expectations, driven by digital market and product expansion, while also believing the scarcity value of the company's assets can support multiple expansion, the analyst noted.

ShowHide Related Items >><<
WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

06/29/20 Morgan Stanley
Warner Music initiated with an Equal Weight at Morgan Stanley
06/29/20 Barclays
Warner Music initiated with an Equal Weight at Barclays
06/29/20 SunTrust
Warner Music initiated with a Buy at SunTrust
06/29/20 SunTrust
Warner Music initiated with a Buy at SunTrust
  • 03
    Jun
WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

Initiation
Warner Music initiated with an Equal Weight at Morgan Stanley » 08:11
06/29/20
06/29
08:11
06/29/20
08:11
WMG

Warner Music

$30.48 /

-0.25 (-0.81%)

Morgan Stanley analyst…

Morgan Stanley analyst Benjamin Swinburne initiated coverage of Warner Music Group with an Equal Weight rating and $32 price target. While he believes Warner Music should benefit from streaming music's attractive secular growth trends over time, Swinburne sees a balanced risk-reward at current levels given the lingering COVID risks, he tells investors.

ShowHide Related Items >><<
WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

06/29/20 Barclays
Warner Music initiated with an Equal Weight at Barclays
06/29/20 SunTrust
Warner Music initiated with a Buy at SunTrust
06/29/20 SunTrust
Warner Music initiated with a Buy at SunTrust
06/29/20 RBC Capital
Warner Music initiated with an Outperform at RBC Capital
  • 03
    Jun
WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

WMG Warner Music
$30.48 /

-0.25 (-0.81%)

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