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Madison Square Garden Wins New Fans With Proposed Entertainment, Sports Split
Monday, July 2, 2018 - 3:44pm | 416Madison Square Garden Co (NYSE: MSG) announced June 27 it was exploring a spinoff of its sports business from its live entertainment segment to create two publicly traded companies. The consideration bolstered the bullishness of Jefferies and Macquarie. The Rating Macquarie analyst Amy Yong on...
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For Sprint, M&A Talks With T-Mobile Outweigh 'Rocky Fundamentals,' Macquarie Says In Upgrade
Thursday, April 19, 2018 - 9:38am | 434The on-again, off-again merger talks between Sprint Corp (NYSE: S) and T-Mobile Us Inc (NASDAQ: TMUS) are back on again, according to The Wall Street Journal — which prompted Macquarie Capital to drop its bearish stance on the stock. The Analyst Macquarie's Amy Yong upgraded Sprint...
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Does Tidal's Deal With Sprint Leave Apple Eyeing Pandora?
Monday, January 23, 2017 - 3:02pm | 614Sprint Corp (NYSE: S) may have edged out Apple Inc. (NASDAQ: AAPL) in forging a partnership with Tidal, a subscription-based music streaming service owned by Jay Z. With Tidal beyond its reach, Apple may now be forced to settle for Pandora Media Inc (NYSE: P) for beefing up its Apple Music service...
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Sprint's 5-Year Plan; 2 Years Down, 3 To Go
Thursday, September 22, 2016 - 3:25pm | 387Macquarie noted signs of operational momentum in Sprint Corp (NYSE: S) just two years into its five-year plan. The firm is of the view that the first two years were largely successful, as liquidity improved, a new regional sales structure was put in place and customer base stabilized. However, the...
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Sirius XM Counting Down To Competition From Apple CarPlay And The Android Auto System
Thursday, September 22, 2016 - 1:09pm | 308Sirius XM Holdings Inc. (NASDAQ: SIRI)'s satellite radio is found in 75 percent of all new cars sold today. According to Amy Yong of Macquarie Capital, Sirius' dominance in the car will continue until at least 2020, given its "unique commercial free bundle" that's hard to...
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Mobile Carriers Making The Most Of iPhone 7 Mania
Thursday, September 15, 2016 - 4:33pm | 563Mobile carriers, especially T-Mobile US Inc (NASDAQ: TMUS) and Sprint Corp (NYSE: S), are set to rake in big moolah from the launch of Apple Inc. (NASDAQ: AAPL) iPhone 7 amid aggressive promotions and unlimited plans that were rolled almost a month leading into the 7 launch. Pre-orders for iPhone 7...
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Apple's Interest In Tidal Could Spark Added M&A Interest For Pandora
Thursday, July 7, 2016 - 11:14am | 325Macquarie’s Amy Yong believes Apple Inc. (NASDAQ: AAPL)'s interest in Tidal Music could motivate a strategic buyer to look at Pandora Media Inc (NYSE: P) as a potential target. Yong maintained an Outperform rating on Apple, with a price target of $112. The analyst also maintained an...
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Analyst Note Offers Explanation For Sprint's Recent Price Action
Thursday, June 23, 2016 - 11:34am | 307Sprint Corp (NYSE: S)'s stock is in a roll after hitting a seven-month high on Wednesday. Shares are now higher by more than 36 percent over the past three months, yet are still lower by 6 percent over the past year. The Wall Street Journal reported that Macquarie Group's Amy Yong offered an...
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Dish Network's Bull Case Is Still Too Tough To Call, Says Macquarie
Tuesday, May 31, 2016 - 4:19pm | 310Macquarie Research's Amy Yong reiterated Dish Network Corp (NASDAQ: DISH)'s Neutral rating with a price target of $62.00 coming just before Dish's second quasi-Analyst Day. The Broadcast Incentive Auction beginning Tuesday could provide growth for Dish, according to the analyst. Since Liberty...
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Lions Gate's Expected Summer Success Should Encourage A Strong 2017, Says Macquarie Capital
Tuesday, May 31, 2016 - 4:11pm | 247Macquarie Capital's Amy Yong raised her price target to $27.00 from $25.00 for Lions Gate Entertainment Corp. (USA) (NYSE: LGF). "Lions Gate is now one of few remaining independent studios and its strategic value will likely continue to rise," Yong said. In lieu of the 10k review, Yong sees a "...
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Pandora Just Launched Its Ticketfly App, And It's Exciting Investors
Friday, March 18, 2016 - 11:11am | 381Pandora Media Inc (NYSE: P) has seen some recent volatility, down roughly 38 percent over the past one year and roughly 24 percent since January. However, the tides may be turning for the music media giant. Due in large part to its newly launched Ticketfly app, Macquarie Research analyst Amy Yong...
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Macquarie: The Global Connected Car Market Could Be $150 Billion By 2020
Tuesday, December 22, 2015 - 2:01pm | 275Macquarie issued a report highlighting the potential of the connected car market amid predictions that over 75 percent of vehicles manufactured will be LTE-enable by 2020. Analyst Amy Yong wrote that the growth potential of many companies will be highly influenced by this trend and that the...
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Wall Street Thinks DreamWorks Can Crack China
Wednesday, December 9, 2015 - 11:01am | 350Dreamworks Animation Skg Inc (NASDAQ: DWA) shares have appreciated 16.51 percent over the past three months to $24.70 on December 8. Macquarie’s Amy Yong has maintained an Outperform rating on the company, with a price target of $30. Yong believes that the company has the ability to...
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Macquarie Downgrades Discovery Communications; Sees Domestic Footprint 'Softening'
Wednesday, October 14, 2015 - 10:28am | 307Discovery Communications Inc. (NASDAQ: DISCA) shares are down 16 percent after hitting a high of $34.80 on July 16. Macquarie’s Amy Yong downgraded the rating on the company to Neutral, while reducing the price target from $35 to $29. The impact of a softening domestic franchise may...
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Macquarie Hikes Comcast Estimates, But Can Company Reclaim Pay TV Throne?
Tuesday, September 29, 2015 - 11:35am | 332Shares of Comcast Corporation (NASDAQ: CMCSA) have declined 7.14 percent in the past three months, after having reached a high of $64.50 on July 22. Macquarie’s Amy Yong maintained a Neutral rating on the company, while raising the price target from $62 to $65. Yong expects Comcast...