Disney Counters Apple And Amazon In Sports Rights With NFL’s ESPN Stake Deal, Analyst Predicts

/ / Consumer Discretionary /

Walt Disney Co (NYSE:DIS) is reportedly working with the NFL on a deal that would give the NFL a minority position in ESPN. Needham analyst Laura Martin noted that this deal structure can add enormous value to both enterprises. However, only the final deal terms determine the distribution of value creation. The analyst has a Hold rating on Disney. Martin noted that DIS could no longer compete with Amazon.com Inc (NASDAQ:AMZN) or Apple Inc (NASDAQ:AAPL) for NFL or other sports rights based on cash alone because these are much larger companies than DIS that do not need to make money near-term from their streaming businesses. Giving the NFL (and other leagues) a minority equity position in ESPN allows the leagues to share in equity upside, in addition to cash payments, which saves cash for DIS in the near term and assures ESPN access to the best games the leagues have to offer. Aligned interests benefit DIS shareholders. […]

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Texas Instruments (NASDAQ:TXN) stock Analyst Ratings

/ / Technology /

Texas Instruments (NASDAQ:TXN) stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -2.36% Barclays $165 → $160 Maintains Equal-Weight 12/14/2023 -6.02% Truist Securities $150 → $154 Maintains Hold 11/15/2023 28.15% Benchmark → $210 Reiterates Buy → Buy 10/25/2023 -2.36% B of A Securities → $160 Maintains Neutral 10/25/2023 -2.36% Stifel $180 → $160 Maintains Hold 10/25/2023 19% BMO Capital → $195 Maintains Outperform 10/25/2023 -20.67% Baird $180 → $130 Maintains Neutral 10/25/2023 -13.35% Citigroup $182 → $142 Maintains Neutral 10/25/2023 3.74% JP Morgan $200 → $170 Maintains Overweight 10/25/2023 -8.46% Truist Securities $165 → $150 Maintains Hold 10/25/2023 -2.36% Mizuho $181 → $160 Maintains Neutral 10/25/2023 9.84% Susquehanna $185 → $180 Maintains Positive 10/25/2023 0.69% Barclays $175 → $165 Maintains Equal-Weight 10/25/2023 28.15% Benchmark → $210 Reiterates Buy → Buy 10/25/2023 -16.4% Goldman Sachs $157 → $137 Maintains Sell 10/25/2023 -15.79% Morgan

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CFRA Cuts View On Shares Of Schlumberger Limited To Buy From Strong Buy

/ / Energy /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target of $55, down $15, reflects a 9.6x multiple of EV to projected ’24 EBITDA, below SLB’s historical average. We think a discount is merited based on concerns regarding oil demand for ’24. As a result, we downgrade our rating based on fundamentals for ’24, as we believe that int’l activity will exceed North American activity throughout ’24, but not at the levels seen in ’23. We lift our ’23 EPS view by $0.01 to $2.96 and cut ’24’s by $0.13 to $3.59. We expect Q4 23 EPS of $0.83 vs. Q4 22 EPS of $0.71, with earnings to be reported on January 19. SLB’s fortunes are heavily tied to its int’l exposure, which accounts for around 80% of its total revenues. For ’24, we

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Morgan Stanley (MS) Q4 2023 Earnings Call Transcript Summary

/ / Financials /

The following is a summary of the Morgan Stanley (MS) Q4 2023 Earnings Call Transcript: Financial Performance: Morgan Stanley reported firm revenues of $54 billion with $12B of profit before tax, doubled the averages compared to ’09-’14. The client assets in their durable businesses have tripled, indicating great growth potential. A strong return on tangible common equity was recorded at 13%, even after accounting for notable items that reduced returns by over 100 points. They reported a CET1 ratio above 15%, showcasing strong capital preservation. Business Progress: Over the past 15 years, Morgan Stanley has successfully integrated with Smith Barney, acquired Solium and recent acquisitions being E*TRADE and Eaton Vance, transforming its business. Morgan Stanley is aiming for a $10 trillion asset target, indicating growth in overall wealth. The key targets include a 30% margin in wealth management and a 70% overall firm efficiency ratio, indicating focus on capital efficiency

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CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings

/ / Technology /

CrowdStrike (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 1.44% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -16.05% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/10/2024 11.94% Citigroup $275 → $320 Maintains Buy 01/09/2024 6.34% Morgan Stanley $203 → $304 Upgrades Equal-Weight → Overweight 01/05/2024 4.94% Oppenheimer $240 → $300 Maintains Outperform 12/21/2023 10.19% Rosenblatt $245 → $315 Maintains Buy 12/21/2023 13.68% Needham $250 → $325 Maintains Buy 12/15/2023 -5.55% BMO Capital $238 → $270 Maintains Outperform 12/15/2023 -3.81% Mizuho $225 → $275 Maintains Buy 12/11/2023 -5.9% JP Morgan $230 → $269 Maintains Overweight 11/30/2023 -22.35% Goldman Sachs $195 → $222 Maintains Buy 11/29/2023 -19.55% Truist Securities → $230 Reiterates Buy → Buy 11/29/2023 -21.3% Mizuho $205 → $225 Maintains Buy 11/29/2023 -16.05% Stifel $225 → $240 Maintains Buy 11/29/2023 -17.8% JMP Securities → $235 Reiterates Market Outperform

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Exxon Mobil Finalizes Two LNG Sale, Purchase Deals With Mexico Pacific

/ / Energy /

Exxon Mobil’s (XOM) ExxonMobil LNG Asia Pacific unit has signed two long-term sale and purchase agreements with Mexico Pacific to buy 2 million tons per year of liquified natural gas, Mexico Pacific said Tuesday. Exxon’s unit will buy LNG on a free-on-board basis from the first two trains of Mexico Pacific’s anchor LNG export facility for 20 years, Mexico Pacific said. Exxon has the option to buy 1 million tons per year from the third train, the company added.

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BlackRock’s Next M&A Target Could Be in Private Credit — WSJ

/ / Financials /

By Jack Pitcher BlackRock announced its largest acquisition in 15 years Friday ( and analysts say the world’s largest asset manager may not be done shopping. BlackRock’s $12.5 billion deal to buy Global Infrastructure Partners will give it a significantly larger footprint in private markets, a business that has been in high demand with institutional and high-net worth clients. Wells Fargo analyst Finian O’Shea sees potential for BlackRock to target another private markets acquisition, this time in credit. “Successful integration of GIP likely will be the priority, but another private markets M&A move (perhaps in credit) seems reasonably likely,” O’Shea wrote in an analyst note Friday. Private credit–or debt financing for corporations that’s provided directly from private investors, instead of through the publicly syndicated bond market–has experienced explosive growth in recent years ( NOTE: In-line links reference additional content of interest chosen by the WSJ news team. This item is

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ServiceNow (NYSE:NOW) Stock Analyst Ratings

/ / Technology /

ServiceNow (NYSE:NOW) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/16/2024 -3.57% Truist Securities $575 → $700 Maintains Hold 01/11/2024 1.94% Stifel $650 → $740 Maintains Buy 12/06/2023 6.08% Argus Research $675 → $770 Maintains Buy 11/30/2023 -0.12% Wells Fargo $675 → $725 Maintains Overweight 11/09/2023 -6.32% RBC Capital $665 → $680 Maintains Outperform 10/26/2023 -10.46% Stifel $640 → $650 Maintains Buy 10/26/2023 -14.59% Piper Sandler $600 → $620 Maintains Overweight 10/26/2023 -13.21% BMO Capital $615 → $630 Maintains Outperform 10/26/2023 -7.01% Wells Fargo $650 → $675 Maintains Overweight 10/26/2023 -10.73% Morgan Stanley $630 → $648 Maintains Overweight 10/26/2023 -9.08% Needham → $660 Reiterates Buy → Buy 10/24/2023 -20.79% Truist Securities → $575 Reiterates Hold → Hold 10/24/2023 -15.28% BMO Capital $630 → $615 Maintains Outperform 10/19/2023 -9.49% Guggenheim → $657 Reiterates Buy → Buy 10/19/2023 -3.57% Citigroup $734 → $700 Maintains

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