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Fly News Breaks for December 5, 2019
GOOG, GOOGL, FB, NKE, BRO, YETI
Dec 5, 2019 | 10:03 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) upgraded to Buy at Stifel on forecast for durable growth with analyst Scott Devitt saying earlier this year he had concerns around topline deceleration, when revenue growth fell below 20% in Q1, but trends subsequently re-accelerated. 2. Facebook (FB) upgraded to Buy from Hold at Stifel with analyst John Egbert saying he is incrementally positive on the company's ability to sustain above-market ad revenue growth and maintain healthy levels of user growth and engagement following Facebook's Q3 earnings report. 3. Nike (NKE) upgraded to Conviction Buy from Neutral at Goldman Sachs with analyst Alexandra Walvis saying Nike is on the cusp of a "sharp acceleration" in earnings growth. 4. Brown & Brown (BRO) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Michael Phillips saying the benefits of a better property and casualty, or P&C, pricing environment accrue directly to brokers, who collect commission on higher prices but don't pay claims. 5. Yeti (YETI) upgraded to Buy from Neutral at Goldman Sachs with analyst Alexandra Walvis saying she increased her estimates to embed upside from the company's new distribution relationship with Lowe's (LOW). 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 YETI;BRO;NKE;FB;GOOGL;GOOG From the Last 2 Days
GOOG, GOOGL
Apr 22, 2021 | 16:42 EDT
Stocks were in a narrow range in morning trading and searching for direction. That direction was... To see the rest of the story go to thefly.com. See Story Here
GOOG, GOOGL, FB
Apr 22, 2021 | 15:49 EDT
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. HOUSE PAVES WAY... To see the rest of the story go to thefly.com. See Story Here
GOOG, GOOGL
Apr 22, 2021 | 07:57 EDT
Jefferies analyst Brent Thill raised the firm's price target on Alphabet Class A shares to $2,700 from $2,400 and keeps a Buy rating ahead of the company's upcoming earnings report. His checks have been "broadly positive," pointing to accelerating momentum in the ad business and sustained strength in Cloud, leading him to raise his estimates, Thill tells investors in an earnings preview note.
FB
Apr 22, 2021 | 07:55 EDT
Jefferies analyst Brent Thill raised the firm's price target on Facebook (FB) to $360 from $350 and keeps a Buy rating on the shares. He believes consensus forecasts for 34% year-over-year revenue growth are "too conservative" given his checks pointing to social ad spend ahead of original plans in Q1, direct response ad spending that "has remained robust," and the fact that Apple's (AAPL) iOS 14 privacy change has not yet been implemented, Thill tells investors in an earnings preview note.
NKE
Apr 22, 2021 | 06:45 EDT
UBS analyst Jay Sole lowered the firm's price target on Nike to $175 from $183 but keeps a Buy rating on the shares. Nike sales look to have "declined significantly" in China over the last few weeks amid the cotton-sourcing controversy, but this should be a "short-term issue", the analyst tells investors in a research note.
GOOGL, GOOG
Apr 22, 2021 | 06:21 EDT
Apple (AAPL) and Google (GOOG;GOOGL) faced scrutiny from lawmakers and mobile app companies during a hearing focused on competition concerns about the companies' power over their users' smartphone ecosystems, John McKinnon of The Wall Street Journal reports. The hearing pitted the executives from the two companies with vocal critics, such as Spotify (SPOT) and Match Group (MTCH), and represents an increase of lawmakers' scrutiny on smartphone makers, specifically Apple. Reference Link