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Zayo Group Is Macquarie's Top Growth Pick For 2016
Monday, November 30, 2015 - 2:29pm | 408Read More...In a report issued Monday, Macquarie analysts Kevin Smithen and Will Clayton singled out Zayo Group Holdings Inc (NYSE: ZAYO) as their Top Growth Pick for 2016. They upgraded the stock to Outperform and raised the price target from $28 to $30. For analysts at Macquarie, it’s always...
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America Movil Downgraded At Macquarie, Brazil Upside Not Here For A While
Tuesday, November 17, 2015 - 11:08am | 336Read More...Shares of America Movil SAB de CV (ADR) (NYSE: AMX) have declined 28.58 percent year-to-date, reaching a low of $16.01 on November 16. Kevin Smithen of Macquarie Research has downgraded the rating on the company from Outperform to Neutral, while lowering the price target from $20.00 to $18....
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Is Good Technology Acquisition Good For BlackBerry?
Tuesday, October 20, 2015 - 6:35am | 369Read More...BlackBerry Ltd (NASDAQ: BBRY) shares have plunged 35 percent year-to-date, slipping below the $8 mark and remaining there since July. Macquarie’s Kevin Smithen maintained an Underperform rating on the company, while reducing the price target from $8 to $7. The Good Technology...
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Macquarie Analysts Visited American Tower HQ, Come Away Excited
Friday, September 25, 2015 - 8:52am | 305Read More...Shares of American Tower Corp (NYSE: AMT) shares have underperformed the tower peers year-to-date and are trading close to their historical trough valuation levels. Macquarie’s Kevin Smithen maintained an Outperform rating on the company, with a price target of $114. A superior...
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Macquarie's New Telecom Top Pick? Frontier Communications
Thursday, September 3, 2015 - 10:13am | 264Read More...In a report published Thursday, Macquarie Capital analyst Kevin Smithen named Frontier Communications Corp (NASDAQ: FTR) his new top idea through year-end following the company's 8k release on Wednesday. Smithen noted that Frontier Communications' 8k release with its second-quarter...
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Can AT&T Pull Off Its Strategy To Gain Significant Upside?
Tuesday, September 1, 2015 - 9:27am | 407Read More...AT&T Inc. (NYSE: T) shares have lost 3 percent year-to-date, while the trading has been range-bound, with a 52-week range of $30.97 - $36.45. Macquarie’s Kevin Smithen maintained an Outperform rating for the company, with a price target of $39. While expressing optimism...
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Why You Should Dump Verizon If Dish, T-Mobile Merger Goes Through
Thursday, June 4, 2015 - 3:02pm | 400Read More...The Wall Street Journal recently reported that DISH Network Corp (NASDAQ: DISH) is in talks with T-Mobile US Inc (NYSE: TMUS) for a possible merger, following which shares of both the companies opened strong on Thursday and were trading higher. Kevin Smithen, Macquarie Capital analyst, was on...
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Macquarie Adjusting 2015 Forecasts After Sprint Opens 1,400+ Former RadioShack Stores
Monday, April 13, 2015 - 8:30am | 254Read More...Macquarie on Monday issued a company update on Sprint Corp (NYSE: S) following Sprint’s opening of 1,435 (formerly RadioShack) stores on Friday. Macquarie rates Sprint as Outperform with a one-year price target of $7.25. Analysts Kevin Smithen and Will Clayton wrote, “We are...
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UPDATE: Macquarie Upgrades Level 3 Communications
Wednesday, August 27, 2014 - 10:14am | 312Read More...Kevin Smithen of Macquarie Research upgraded shares of Level 3 Communications (NYSE: LVLT) to Outperform with a $51 price target which was raised from a previous $49. The analyst believes that Level 3 is the best pure-play on thematic and cyclical growth trends within the broadband...
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Macquarie Expresses Concerns Over BlackBerry's Software Negotiations
Wednesday, June 25, 2014 - 11:17am | 169Read More...On Tuesday, Macquarie analyst Kevin Smithen raised the price target on BlackBerry (NASDAQ: BBRY) despite concerns on the company's lack of emphasis on software. The analyst commented, "BBRY still must, in our view, demonstrate the value proposition of BES 12 to enterprise customers. All of the...
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Akamai Sale Rumor Cuts No Ice With Macquarie Analyst
Thursday, June 19, 2014 - 1:51pm | 189Read More...Rumors that Akamai Technologies (NASDAQ: AKAM) might become a takeover target drove the shares up two percent earlier this week, but the idea cuts no ice with Macquarie analyst Kevin Smithen. "We don't believe the M&A talk," Smithen said in a note Thursday, maintaining a...
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UPDATE: Macquarie Sees 70% Probability Sprint And T-Mobile Deal Will Go Through
Tuesday, June 10, 2014 - 9:07am | 261Read More...Shares of Sprint (NYSE: S) were up almost two percent in Tuesday’s pre-market after Macquarie upgraded the stock to Outperform from Neutral and put a $10.18 price target on the stock. A key point for analyt Kevin Smithen’s upgrade is the likelihood that the Department of Justice and...
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Macquarie Loses Connection, Downgrades Sprint
Monday, December 2, 2013 - 3:56pm | 102Read More...Macquarie Equities Research analyst Kevin Smithen downgraded Sprint (NYSE: S) from Outperform to Neutral. Smithen commented, "We are downgrading shares of Sprint to Neutral as the stock has climbed over 8% above our $7.75 TP. Given the limited float and high short interest, we would caution...
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Macquarie Downgraded BlackBerry, Lowering Estimates
Friday, November 15, 2013 - 11:45am | 297Read More...Macquarie Equities Research analyst Kevin Smithen downgraded BlackBerry Limited (NASDAQ: BBRY) from Neutral to Underperform, reduced subscriber forecast for end-F15, and lowered the price target from $7.00 to $5.50. Smithen noted that although John Chen is regarded highly, Macquarie does not see...
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UPDATE: Macquarie Capital Reiterates on T-Mobile US Following Strong Q3 Report, Investor Meetings
Tuesday, November 12, 2013 - 10:51am | 127Read More...In a report published Tuesday, Macquarie Capital analyst Kevin Smithen reiterated an Outperform rating on T-Mobile US (NYSE: TMUS), and raised the price target from $29.00 to $30.00. In the report, Macquarie Capital noted, “Following a strong Q3 report and investor meetings we held for T-Mo late...
