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Fly News Breaks for January 15, 2020
RADA, VIAC, HUN, COP, PTON
Jan 15, 2020 | 10:20 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Peloton (PTON) initiated with an Outperform at Wedbush. 2. ConocoPhillips (COP) initiated with an Outperform at Baird. 3. Huntsman (HUN) initiated with a Buy at BofA. 4. ViacomCBS (VIAC) initiated with a Neutral at MoffettNathanson. 5. RADA Electronic (RADA) initiated with a Buy at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
News For PTON;COP;HUN;VIAC;RADA From the Last 2 Days
VIAC
Oct 29, 2020 | 09:29 EDT
Veritone (VERI) announced earlier that CBS News has renewed its "longstanding" content licensing agreement with Veritone. Jay Bailey, Vice President of Entertainment Licensing at Veritone, said, "Through our extended partnership, we will continue to grow the amount of CBS News footage that is available to content creators and with our proprietary AI technology make it easier and faster for creatives to pinpoint the perfect moment for their next project." CBS News is a unit of ViacomCBS (VIAC).
COP
Oct 29, 2020 | 09:25 EDT
Scotiabank analyst Paul Cheng last night downgraded Concho Resources (CXO) to Sector Perform from Outperform with a price target of $43, down from $70, to reflect the pending merger agreement with ConocoPhillips (COP). The probability of a third-party higher bidder has been "significantly reduced" following the merger announcement between Pioneer Natural Resources (PXD) and Parsley Energy (PE).
HUN
Oct 29, 2020 | 09:12 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Inphi... To see the rest of the story go to thefly.com. See Story Here
HUN
Oct 29, 2020 | 06:04 EDT
Reports Q3 revenue $1.51B, consensus $1.48B. Peter Huntsman, chairman, president and CEO, commented: "The third quarter proved to be better than we had anticipated with improving conditions in almost all of our businesses except for commercial aircraft. Although the global community continues to face significant challenges around COVID-19, we see positive momentum entering the fourth quarter. We remain fully on track in integrating our two downstream acquisitions completed earlier this year and in delivering in excess of $100 million of annualized synergies and savings from our previously announced cost optimization initiative by the end of 2021. We are also on track to close on the sale of our Venator shares near the end of 2020 further bolstering our liquidity and balance sheet with approximately $250 million of total related cash. During 2020, a year that history will remember for unprecedented challenges, more than ever before Huntsman has become significantly stronger, further focused on strategically growing its differentiated businesses and enhancing shareholder value."
HUN
Oct 28, 2020 | 13:06 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Comcast (CMCSA), consensus 50c... Shopify (SHOP), consensus 51c... FIS (FIS), consensus $1.41... Southern Company (SO), consensus $1.23... Intercontinental Exchange (ICE), consensus 99c... Spotify Technology (SPOT), consensus (61c)... Global Payments (GPN), consensus $1.65... DuPont de Nemours (DD), consensus 74c... Baxter International (BAX), consensus 73c... Keurig Dr Pepper (KDP), consensus 37c... Kraft Heinz (KHC), consensus 62c... Yum! Brands (YUM), consensus 80c... Moderna (MRNA), consensus (43c)... Alexion Pharmaceuticals (ALXN), consensus $2.58... Church & Dwight (CHD), consensus 67c... Kellogg (K), consensus 86c... Apollo Global Management (APO), consensus 48c... International Paper (IP), consensus 48c... Royal Caribbean (RCL), consensus ($5.20)... Wabtec (WAB), consensus 91c... LKQ Corp. (LKQ), consensus 51c... Penn National (PENN), consensus 49c... Dunkin' Brands (DNKN), consensus 80c... BorgWarner (BWA), consensus 73c... Textron (TXT), consensus 36c... Molson Coors (TAP), consensus $1.01... Tapestry (TPR), consensus 19c... Ralph Lauren (RL), consensus 83c... Huntsman (HUN), consensus 26c... Alliance Data Systems (ADS), consensus $2.20.