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PSTH

Pershing Square Tontine Holdings

$22.71 /

-0.02 (-0.09%)

, VIVHY

Vivendi

$34.39 /

-0.32 (-0.92%)

20:09
06/20/21
06/20
20:09
06/20/21
20:09

Fly Intel: Top five weekend stock stories

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Pershing Square Tontine Holdings (PSTH), a special purpose acquisition company, announced that it had entered into a definitive agreement with Vivendi (VIVHY) to acquire 10% of the outstanding Ordinary Shares of Universal Music Group for approximately $4 billion. Later this year, after Vivendi completes the previously announced separation from and listing of UMG on Euronext Amsterdam, the acquired UMG shares will be distributed to PSTH shareholders. PSTH will continue to exist following these transactions and expects to have approximately $1.5 billion in cash and access to an additional $1.4 billion in cash through forward purchase agreements. PSTH intends to pursue a business combination with an operating business promptly. 2. American Airlines (AAL), which rapidly increased flying to meet a surge in travel demand, is trimming some flights to alleviate potential strains on its operations, The Wall Street Journal's Alison Sider reported. The number of flights being culled is relatively small, amounting to about 1% of planned flying in the first half of July, the company said. 3. FedEx (FDX) can charge higher fees when demand strengthens, thanks to the duopoly it shares with UPS (UPS), and that should add up to a strong earnings report this coming week, Al Root and Jacob Sonenshine wrote in this week's edition of Barron's. A big beat and strong guidance will probably be needed to move the stock higher, but if FedEx tops estimates, stock should deliver too, the authors added. 4. Lionsgate's (LGF.A) action-comedy sequel "The Hitman's Wife's Bodyguard" won Father's Day weekend box office with $11.7M from 3,331 locations for a five-day start of $17M. Audiences gave the Ryan Reynolds, Samuel L. Jackson and Salma Hayek's film a B CinemaScore. 5. Lennar (LEN) and Six Flags (SIX) saw positive mentions in this week's edition of Barron's.

PSTH

Pershing Square Tontine Holdings

$22.71 /

-0.02 (-0.09%)

VIVHY

Vivendi

$34.39 /

-0.32 (-0.92%)

AAL

American Airlines

$22.29 /

+0.06 (+0.27%)

FDX

FedEx

$285.44 /

-2.3 (-0.80%)

LGF.A

Lionsgate

$19.59 /

+0.39 (+2.03%)

LGF.B

Lionsgate

$17.30 /

+0.16 (+0.93%)

LEN

Lennar

$98.17 /

+3.6 (+3.81%)

SIX

Six Flags

$42.58 /

+0.345 (+0.82%)

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PSTH Pershing Square Tontine Holdings
$22.71 /

-0.02 (-0.09%)

VIVHY Vivendi
$34.39 /

-0.32 (-0.92%)

06/01/21
Fly Intel: Top five analyst downgrades
06/01/21 Bernstein
Vivendi downgraded to Market Perform from Outperform at Bernstein
05/14/21 Credit Suisse
Vivendi price target lowered to EUR 32.20 from EUR 32.40 at Credit Suisse
04/23/21 Barclays
Vivendi price target raised to EUR 32 from EUR 31 at Barclays
AAL American Airlines
$22.29 /

+0.06 (+0.27%)

06/09/21 MKM Partners
American Airlines initiated with a Buy at MKM Partners
06/09/21 MKM Partners
American Airlines initiated with a Buy at MKM Partners
04/23/21 Raymond James
American Airlines upgraded to Market Perform from Underperform at Raymond James
04/23/21 Raymond James
American Airlines upgraded to Market Perform from Underperform at Raymond James
FDX FedEx
$285.44 /

-2.3 (-0.80%)

06/18/21 Credit Suisse
FedEx price target raised to $364 from $351 at Credit Suisse
06/16/21 Stephens
FedEx price target raised to $360 from $350 at Stephens
06/03/21 Morgan Stanley
FedEx price target raised to $265 from $250 at Morgan Stanley
05/26/21 KeyBanc
FedEx price target raised to $370 from $350 at KeyBanc
LGF.A Lionsgate
$19.59 /

+0.39 (+2.03%)

06/04/21 Barrington
Lionsgate price target raised to $27 from $16 at Barrington
06/01/21 Cowen
Lionsgate price target raised to $23 from $20 at Cowen
05/28/21 RBC Capital
Lionsgate price target raised to $17 from $13 at RBC Capital
05/26/21 Truist
Amazon's MGM deal 'a very modest negative' for Netflix/Disney, says Truist
LGF.B Lionsgate
$17.30 /

+0.16 (+0.93%)

05/26/21 Loop Capital
Lionsgate price target raised to $21 from $16 at Loop Capital
LEN Lennar
$98.17 /

+3.6 (+3.81%)

06/18/21
Fly Intel: Top five analyst upgrades
06/18/21 Evercore ISI
Lennar price target raised to $160 from $121 at Evercore ISI
06/18/21 JPMorgan
JPMorgan upgrades Lennar with transformation not reflected in shares
06/18/21 JMP Securities
Lennar price target raised to $130 from $120 at JMP Securities
SIX Six Flags
$42.58 /

+0.345 (+0.82%)

05/21/21 Stifel
Stifel ups price target for 'most compelling' theme park Six Flags to $59
04/29/21 KeyBanc
Six Flags price target raised to $55 from $50 at KeyBanc
04/29/21 B. Riley
Six Flags price target raised to $66 from $60 at B. Riley
04/29/21 Truist
Six Flags price target raised to $46 from $42 at Truist

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