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Fly News Breaks for March 2, 2020
Mar 2, 2020 | 10:20 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Electric (GE) upgraded to Neutral from Underweight at JPMorgan with analyst Stephen Tusa saying the spread between his free cash flow estimate and consensus is narrower after the company's better than expected 2019. 2. Twitter (TWTR) upgraded to In Line from Underperform at Evercore ISI with analyst Kevin Rippey citing reports that Paul Singer's Elliott Management is seeking to force the departure of Jack Dorsey. 3. Take-Two (TTWO) upgraded to Neutral from Underperform at Exane BNP Paribas with analyst Nicolas Langlet stating the consensus adjusted EPS estimate for FY21 has fallen about 12% while the company's "supportive" announcements in the past 3 months suggest a stronger pipeline beyond. 4. Cheesecake Factory (CAKE) upgraded to Buy from Neutral at Guggenheim with analyst Matthew DelFrisco saying while his top concern remains persistent negative traffic at the Cheesecake brand, he thinks recent acquisitions provide greater growth opportunities at what appear to be equivalent margins and returns. 5. Leidos (LDOS) upgraded to Buy from Hold at Stifel with analyst Joseph DeNardi noting shares of Leidos are down about 20% from their high, with a significant portion of that related to the coronavirus sell-off and he sees the stock having reached an attractive entry point given that the company has little near-term and no medium/long-term revenue risk from COVID-19. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For CAKE;TTWO;TWTR;GE;LDOS From the Last 2 Days
Oct 27, 2020 | 15:38 EDT
General Electric (GE) is scheduled to report results of its third fiscal quarter before the market opens on Wednesday, October 28, with a webcast scheduled for 8:00 am ET. What to watch... To see the rest of the story go to See Story Here
Oct 27, 2020 | 13:34 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Mastercard (MA), consensus $1.66... UPS (UPS), consensus $1.86... Boeing (BA), consensus ($2.32)... Anthem (ANTM), consensus $4.15... General Electric (GE), consensus (4c)... ADP (ADP), consensus 98c... Norfolk Southern (NSC), consensus $2.38... Boston Scientific (BSX), consensus 25c... General Dynamics (GD), consensus $2.86... Masco (MAS), consensus 77c... Hess Corp. (HES), consensus (56c)... Dynatrace (DT), consensus 10c... Sealed Air (SEE), consensus 66c... Brinker (EAT), consensus (19c)... Six Flags (SIX), consensus ($1).
Oct 27, 2020 | 12:31 EDT
For this week's edition of "Game On," The Fly spoke with Jefferies analyst Alex Giaimo in an exclusive interview on a variety of gaming subjects, including the upcoming earnings season for big publishers, cloud gaming, and more. NEW CONSOLES: Ahead... To see the rest of the story go to See Story Here
Oct 27, 2020 | 07:23 EDT
BofA analyst Justin Post raised the firm's price target on Twitter to $58 from $52 and keeps a Buy rating on the shares. Easier compares should aid the company's Q3 results on October 29, Post tells investors in a pre-earnings research note. Further, SensorTower download data suggest Twitter downloads in Q3 were up a "solid" 45% year-over-year, adds the analyst.
Oct 26, 2020 | 14:11 EDT
Twitter intends to add an app banner offering information about election results and voting by mail, with such banners appearing on the home timelines of all U.S.-based users, The Verge's Adi Robertson reports. The banners will appear when users search for election-related phrases or hashtags, Robertson says, noting that the company said the new pop-ups "preemptively address topics that are likely to be the subject of election misinformation." Reference Link
Oct 26, 2020 | 06:53 EDT
Mizuho analyst James Lee raised the firm's price target on Twitter to $45 from $40 and keeps a Neutral rating on the shares. The analyst believes the positive trends on Facebook spending checks bode well for Twitter. He expects a strong rebound in brand advertising due to the re-start of professional sports. In addition, the continued politically divided environment will be driving engagement and advertising supply, Lee tells investors in a research note.