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Fly News Breaks for January 2, 2020
Jan 2, 2020 | 08:42 EDT
Cowen's Washington Research Group analyst Paul Gallant said he sees the Court siding with the State Attorney Generals and will block the T-Mobile/Sprint merger (TMUS/S). He puts the odds of the block at 60% as he believes the States have probably met their initial burden of proof and they have likely raised enough questions about Dish (DISH) wireless fix and merger synergies to prevent the judge from accepting them.
News For TMUS;S;DISH From the Last 2 Days
Feb 19, 2020 | 08:59 EST
HIGHER: Tesla (TSLA), up 7% after Piper Sandler analyst Alexander Potter raised the firm's price target on the stock to $928 from $729 and keeps an Overweight rating on the shares. The analyst says that in order to gauge Tesla's chances of success at storing one's own solar power, he recently installed a solar system to use for charging a Model X... Bed Bath and Beyond (BBBY), up 6% after announcing its FY20 capital allocation strategy, which will include an estimated $1B of spend balanced across capital return to shareholders, debt reduction and reinvestment in the company's core business operations to drive growth. UP AFTER EARNINGS: Dish (DISH), up 2%... Garmin (GRMN), up 9%... Enphase Energy (ENPH), up 14%. DOWN AFTER EARNINGS: NOW inc. (DNOW), down 8%... Scientific Games (SGMS), down 12%... Groupon (GRPN), down 29%. ALSO LOWER: Ally Financial (ALLY), down 10% after announcing that an agreement to acquire CardWorks in a transaction valued at approximately $2.65B... Blue Apron (APRN), down 10% after reporting Q4 earnings and announcing it will evaluate its strategic alternatives.
Feb 18, 2020 | 14:52 EST
Notable companies reporting before tomorrow's open, with earnings consensus, include Analog Devices (ADI), consensus $1... Dish (DISH), consensus 59c... Genuine Parts (GPC), consensus $1.30... Elanco Animal Health (ELAN), consensus 23c... Owens Corning (OC), consensus $1.13.