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Fly News Breaks for February 11, 2020
Feb 11, 2020 | 06:42 EDT
Pivotal Research analyst Michael Levine downgraded Facebook (FB) to Sell from Hold with a price target of $180, down from $215. The shares closed Monday up 73c to $213.06. As much as investors have usually downplayed Facebook's financial guidance as "perennial sandbagging," it certainly was not in the U.S. in Q4, Levine tells investors in a research note. The analyst says he would be surprised if the company's U.S. business does not continue to decelerate as he believes management is doing a good job explaining what they think is happening as it pertains to their outlook. Levine sees three risks that could cause Facebook shares to fall below his price target: regulatory, a revenues miss/guide lower, and a native direct-to-consumer advertising "implosion." Additionally, he notes that when Facebook missed expectations in early 2018, the stock troughed at 15 times 2019 estimated earnings. Investors will be much better served buying Alphabet (GOOG) and (AMZN), as overhangs are likely to persist with Facebook, contends Levine.
News For FB;GOOG;GOOGL;AMZN From the Last 2 Days
Oct 26, 2020 | 08:37 EDT
JPMorgan analyst Doug Anmuth continues to like into its Q3 earnings report on October 29 and keeps an Overweight rating on the shares with a $4,050 price target. Even with the stock up 73% year-to-date, Amazon remains the analyst's top idea. E-commerce growth continued at a near-record pace in Q3, and Amazon is well positioned into what is likely to be a record online holiday season, Anmuth tells investors in a research note. The analyst believes there is upside potential to consensus Q3 and Q4 estimates.
Oct 25, 2020 | 17:43 EDT
Facebook teams have planned for the possibility of trying to calm election-related conflict in the U.S. by deploying internal tools designed for what it calls "at-risk" countries, The Wall Street Journal's Jeff Horwitz and Deepa Seetharaman report, citing people familiar with the matter. The emergency measures include slowing the spread of viral content and lowering the bar for suppressing potentially inflammatory posts, the people said. Previously used in countries including Sri Lanka and Myanmar, they are part of a larger tool kit developed by Facebook to prepare for the U.S. election. Reference Link
Oct 25, 2020 | 17:12 EDT secured relief in its dispute with Future Group after a court put a temporary hold on Future's $3.4B sale deal with Reliance Industries, Bloomberg's Upmanyu Trivedi and P R Sanjai report. An arbitration court in Singapore restrained Future Retail and its founders from going ahead with the sale of assets, according to people with knowledge of the matter. The ruling was on Amazon's request for an interim order before main tribunal hearings start, the authors note. Reference Link