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Ad Trends Are Shifting In Roku's Favor, Says Bullish Wells Fargo
Tuesday, September 8, 2020 - 11:39am | 362The bullish case for Roku Inc (NASDAQ: ROKU) is based on scale and advertising technology that should result in better-than-expected average revenue per user growth, according to Wells Fargo. The Roku Analyst: Steven Cahall initiated coverage of Roku with an Overweight rating and $215...
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Disney Analyst Says The Mouse Faces Park, Production Problems: 'A Ferrari Without Gas'
Friday, June 19, 2020 - 10:09am | 412The unknown length and impact of the COVID-19 pandemic pose two problems for Walt Disney Co (NYSE: DIS), according to Wells Fargo. The Disney Analyst: Steven Cahall maintains an Equal Weight rating on Disney's stock with a price target lifted from $107 to $118. The Disney Thesis: Disney's...
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Analysts React To Joe Rogan's Spotify Deal: 'This Is Undoubtedly A Coup'
Wednesday, May 20, 2020 - 11:23am | 599Spotify Technology SA (NYSE: SPOT) shares are up 15.8% this week after Joe Rogan announced he will be taking his popular "Joe Rogan Experience" podcast exclusively to Spotify. On Tuesday afternoon, Rogan announced that his podcast will be available on Spotify starting Sept....
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Disney's Business Hit Hard By The Coronavirus: Is Now A Buying Opportunity For The Stock?
Wednesday, May 6, 2020 - 10:14am | 720Walt Disney Co (NYSE: DIS) shares bounced on Wednesday after the company reported mixed fiscal second-quarter earnings on Tuesday afternoon. Disney said parks and cruise operating income plummeted 58% in the quarter, but coronavirus (COVID-19) shelter-in-place measures also significantly boosted...
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Wells Fargo Downgrades Disney, Says Company 'Will Evaluate The Dividend'
Wednesday, April 8, 2020 - 12:30pm | 452Walt Disney Co (NYSE: DIS) shares were flat on Wednesday after one analyst downgraded the stock and said Disney+ growth won’t be enough to offset the next two years of subpar theme park attendance. The Disney Analyst Wells Fargo analyst Steven Cahall downgraded Disney from...
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Analyst Says WWE Is Making Too Many Missteps, Issues Double Downgrade On The Stock
Monday, February 10, 2020 - 10:41am | 493It’s been a brutal start to 2020 for World Wrestling Entertainment, Inc. (NYSE: WWE) investors. But even after the huge recent sell-off, yet another analyst threw in the towel on WWE on Monday. The Analyst Wells Fargo analyst Steven Cahall downgraded WWE from Overweight to Underweight and...
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Why This Analyst Is Unmoved By Fox's Strong Quarter
Thursday, February 6, 2020 - 2:42pm | 546Fox Corp Class A (NASDAQ: FOXA) reported a strong fiscal year 2020 second quarter, and investors have cheered the results by sending its shares higher. However, one analyst reacted to the results in a guarded manner. The FOXA Analyst Wells Fargo's Steven Cahall maintained an Underperform...
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Analysts Not Worried About Spotify, Say 2020 Will Be An Investment Year
Thursday, February 6, 2020 - 12:11pm | 568Spotify Technology SA (NYSE: SPOT) shares began climbing back Thursday after falling a day earlier following earnings disappointment, and sell-side analysts remained mostly positive on the company's overall outlook and pushed price targets higher. Spotify was off about 6% on Wednesday after the...
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Political Ad Spending To Boost Broadcast Companies In 2020 Race
Thursday, January 30, 2020 - 10:10am | 666It's a political year, which is good news for the ad sellers at the broadcasting companies. With a highly partisan environment, the return of Super PACS, a couple of billionaires in the mix and a lot on the line for both parties, it's likely to be a record political cycle in terms of ad...
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For Netflix, Getting (And Keeping) Subscribers In The Face Of Competition Is Expensive
Wednesday, January 22, 2020 - 11:05am | 1026Netflix, Inc. (NASDAQ: NFLX) beat expectations on total subscriber adds, EPS and revenue but the sell-side reaction was mixed with bears worried about lackluster growth in U.S. subscribers and heavy spending on content as competition ramps up. The mixed results on subscriber adds, strong...
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Wells Fargo Downgrades Netflix On Spending Concerns
Monday, November 25, 2019 - 8:39am | 309Netflix Inc. (NASDAQ: NFLX) received a notable downgrade on Monday on expectations for lower cash returns. The Analyst Wells Fargo's Steven Cahall downgraded Netflix from Market Perform to Underperform, lowering the target price from $308 to $265. The Thesis Netflix had a good piece of the...
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Analyst Calls WWE A 'Precious Stone In Media'
Tuesday, September 24, 2019 - 12:30pm | 434World Wrestling Entertainment, Inc. (NYSE: WWE) shares traded lower on Tuesday despite a bullish initiation by a major Wall Street firm. The Analyst Wells Fargo analyst Steven Cahall initiated coverage of WWE with an Outperform rating and $94 price target. The Thesis Cahall said WWE represents a...
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Wells Fargo Initiates On Media Stocks, Disney Among Top Picks
Tuesday, September 24, 2019 - 10:27am | 766Media stocks were on the move on Tuesday after Wells Fargo initiated coverage on the space. CBS Corporation (NYSE: CBS), Walt Disney Co (NYSE: DIS) and Fox Corp (NASDAQ: FOX)(NASDAQ: FOXA) were among the most noteworthy initiations among the traditional TV group. CBS Analyst Steven Cahall initiated...
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Wells Fargo Says Netflix Is At A Turning Point
Tuesday, September 24, 2019 - 9:14am | 341Netflix Inc (NASDAQ: NFLX) is at a "turning point" with investors as management faces a few difficult decisions ahead that can impact the stock, according to Wells Fargo. The Analyst Wells Fargo analyst Steven Cahall initiated coverage of Netflix with a Market Perform rating and $288...
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RBC: Renewed CBS Merger Possibility Brings Viacom Upgrade
Friday, April 5, 2019 - 12:05pm | 375The chances for a Viacom Inc. (NASDAQ: VIAB) merger with CBS Corporation (NYSE: CBS) now look pretty good, accorindg to RBC Capital Markets . The Analyst RBC’s Steven Cahall upgraded Viacom from Sector Perform to Outperform and raised the price target from $31 to $36. The Thesis Viacom’...