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Fly News Breaks for February 13, 2020
BABA, TMUS, S, SFTBY
Feb 13, 2020 | 08:21 EDT
HSBC analyst Neale Anderson raised his price target on SoftBank shares to 7,000 yen, up from 6,150 yen, following the "clear positive" news of Sprint's (S) merger with T-Mobile US (TMUS) winning approval, which he said "provided welcome cover for a precipitous (although expected) profit decline" at the Japanese parent, which has not deconsolidated Sprint yet. While he cut his March 2020/21 operating profit estimates by 75% and 14%, respectively, due to Vision Fund losses and trimmed his revenue estimates, Anderson said a higher value for Sprint and Alibaba (BABA) are the main drivers of his price target increase. He keeps a Buy rating on SoftBank shares.
News For SFTBY;S;TMUS;BABA From the Last 2 Days
BABA
Oct 23, 2021 | 09:10 EDT
Hot dog restaurant chain Portillo's jumped as much as 50% on its first trading day on Thursday. Meanwhile, coconut beverage... To see the rest of the story go to thefly.com. See Story Here