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Fly News Breaks for March 5, 2020
SPLK, ZM, CHKP, MRNA, STT
Mar 5, 2020 | 10:08 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. State Street (STT) downgraded to Hold from Buy at Deutsche Bank with analyst Brian Bedell saying the new macro backdrop is unfavorable for trust banks given exposure to lower long-term bond yields and lower short-term rates. 2. Moderna (MRNA) downgraded to Neutral from Buy at BofA with analyst Geoff Meacham stating the company's year-to-date stock price run-up of 40.5% is driven by its mRNA-1273 efforts on coronavirus, which he does not expect to be de-risked for some time. 3. Check Point (CHKP) downgraded to Sell from Neutral at Goldman Sachs with analyst Brian Essex saying Channel surveys have consistently reflected share loss for Check Point and recent checks at the RSA Conference implied a lack of improvement. 4. Zoom Video (ZM) downgraded to Equal Weight from Overweight at Stephens with analyst Ryan MacWilliams stating he thinks the company's current valuation prices in his bullish outlook. 5. Splunk (SPLK) downgraded to Neutral from Buy at Monness Crespi with analyst Brian White stating that he prefers a more cautious stance as Splunk undergoes a more aggressive cloud transition and "the macroeconomic backdrop grows more ominous by the day." 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 STT;MRNA;CHKP;ZM;SPLK From the Last 2 Days
MRNA
Nov 23, 2020 | 09:54 EST
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Moderna (MRNA) initiated with an Equal Weight at Wells Fargo. 2. Biodesix (BDSX) initiated with a Buy at Canaccord. 3. MediaAlpha (MAX) initiated with an Outperform at William Blair. 4. G-III Apparel (GIII) initiated with a Neutral at UBS. 5. Leslie's (LESL) initiated with a Neutral at Goldman Sachs, Guggenheim and BofA and initiated with an Equal Weight at Morgan Stanley. The company was initiated with an Outperform at Telsey Advisory, Baird and William Blair as well. Additionally, Leslie's initiated with an Overweight at Piper Sandler. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
ZM
Nov 23, 2020 | 08:31 EST
At a time when the world needs to be closer while being apart, Lumen Technologies (LUMN) and Zoom (ZM) have been bringing together their technology capabilities and communications expertise to help businesses keep their vital conversations going. Now, they are expanding that partnership and offering customers Zoom delivered by Lumen. This solution provides an enhanced collaboration experience for businesses around the world, combining the speed and reliability of the Lumen platform with Zoom's world-class collaboration solutions. The partnership was first announced in September, with the goal to provide unparalleled managed services and experiences to today's businesses. Zoom delivered by Lumen will rollout new service features and enhancements over the coming months, including Zoom Phone and Lumen Cloud Connect for Zoom.