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Fly News Breaks for May 10, 2018
FOXA, CMCSA, SKYAY, FOX, DIS, CMCSK
May 10, 2018 | 07:31 EDT
Oppenheimer analyst Timothy Horan notes that press reports stated Comcast (CMCSA) has lined up $60B in financing to make an all-cash offer for Fox's (FOXA) entertainment assets, representing a 15% premium to Disney's (DIS) offer. While he thinks this has caused half the 30% decline in Comcast's stock year to date, the analyst believes it does make strategic and financial sense, and Comcast has a great track record on acquisitions. Horan thinks a joint NBC/Fox is a content powerhouse while expanding the company's presence in Europe through Sky (SKYAY), and slashing OTT video risk. The analyst reiterates an Outperform rating and $42 price target on Comcast's shares.
News For CMCSA;CMCSK;FOX;FOXA;DIS;SKYAY From the Last 2 Days
DIS
Jun 17, 2019 | 15:13 EDT
While Netflix (NFLX), Disney (DIS) and Apple (AAPL) continue investing in original animated content for kids, Amazon Studios (AMZN) is telling producers that it is no longer interested in developing new original animated shows for children but is shifting its focus to programming for young adults and that families can view together, according to The Los Angeles Times' Wendy Lee, citing four people familiar with the matter. Reference Link
DIS
Jun 17, 2019 | 11:24 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. SYMANTEC BOOSTED TO... To see the rest of the story go to thefly.com. See Story Here
DIS
Jun 17, 2019 | 10:12 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Disney (DIS) downgraded to In-Line from Outperform at Imperial Capital wite analyst David Miller citing valuation. 2. Dow Inc. (DOW) downgraded to Market Perform from Outperform at BMO Capital with analyst John McNulty saying that while the company remains among the "diversified pure-play-commodity companies in the space" with focus on shareholder value and led by "solid" management, its 2019 is looking increasingly challenging due to persisting global trade issues and faltering macro growth. 3. Endo (ENDP) downgraded to Neutral from Buy at Citi with analyst Liav Abraham stating she "cannot ignore the headwinds" associated with the company's opioid-related litigation. 4. LyondellBasell (LYB) downgraded to Hold from Buy at Deutsche Bank with analyst David Begleiter expecting shares to be range-bound through the end of 2019 amid questions into the "depth and duration" of the U.S. ethylene cycle downturn. 5. Ashford Hospitality (AHT) downgraded to Neutral from Buy at DA Davidson with analyst James Lykins noting the company's decision to halve its dividend raises a near-term uncertainty which, along with industry headwinds, warrants a move to the sidelines. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CMCSA, CMCSK
Jun 17, 2019 | 09:08 EDT
Comcast launched a feature that gives people with physical disabilities like spinal cord injuries or amyotrophic lateral sclerosis, or ALS, the ability to navigate their television using only their eyes. Xfinity X1 eye control is a web-based remote for tablets and computers that pairs with an existing eye gaze system and allows viewers to change the channel, set a recording, search for a show and more, all with a glance. In the U.S., more than 48M people live with physical or mobility disabilities and every day about 15 people are newly diagnosed with ALS, or Lou Gehrig's disease, a disease that attacks nerve cells in the brain and spinal cord. X1 eye control is free and uses a web page remote control that works with existing eye gaze hardware and software, Sip-and-Puff switches and other assistive technologies.
DIS
Jun 17, 2019 | 04:52 EDT
Imperial Capital analyst David Miller downgraded Walt Disney to In-Line from Outperform with an unchanged price target of $147. The shares closed Friday down 9c to $141.65. The analyst cites valuation for the downgrade with Disney shares up 25.7% since his upgrade to Outperform on November 21, 2018. Most of the catalysts, including the release of Avenger's Endgame, the opening of the two Star Wars lands, the disposal of the regional sports networks, and the Disney streaming service analyst day, have either happened, or are set to happen, Miller tells investors in a research note. And at a "record multiple" on 2021 earnings, the catalysts "are pretty much built in to the stock," adds the analyst.
DIS, CMCSK, CMCSA
Jun 16, 2019 | 17:58 EDT
Sony’s (SNE) "Men in Black: International" debuted to a sluggish $28. 5M from 4,200... To see the rest of the story go to thefly.com. See Story Here