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Tullo: Pandora Has 70% Upside
Friday, February 12, 2016 - 10:06am | 342Albert Fried’s Rich Tullo maintained an Overweight rating for Pandora Media Inc (NYSE: P), with a price target of $16. Tullo believes that Pandora offers revenue growth potential. According to the NY Times, Pandora has hired Morgan Stanley to pursue a company sale. Tullo said that the...
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Expert: Pandora Suitors Could Include Netflix, Facebook, Google, Amazon And Others
Thursday, February 11, 2016 - 4:32pm | 346Pandora Media Inc (NYSE: P) shares spiked with an hour before Thursday's close, as the New York Times reported the company was exploring a sale. Though the report didn't mention a specific buyer, one analyst has shared his list of potential suitors with clients. Facebook Inc (NASDAQ: FB...
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Why Is Time Warner 'On Fire'?
Wednesday, February 10, 2016 - 2:59pm | 392Time Warner Inc (NYSE: TWX) posted fourth-quarter results Wednesday, beating earnings expectations and increasing its guidance for 2016. However, the entertainment giant fell nearly $500 million short of its revenue target. Fourth-quarter EPS came in at $1.06, ahead of Street expectations of $1....
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Albert Fried's Tullo Starts 'Content Kingdom' Time Warner At Outperform; Analyst Likes Value Vs. FANG
Tuesday, February 9, 2016 - 10:46am | 297Time Warner Inc (NYSE: TWX) shares have declined 16.21 percent over the past one year, to a low of $63.41 on December 21. Rich Tullo of Albert Fried & Company has initiated coverage of the company with an Overweight rating and price target of $90. Tullo believes that the stock is...
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Knicks Firing Derek Fisher Is Good For Madison Square Garden Stock
Tuesday, February 9, 2016 - 8:53am | 188Having headed south for three months, Madison Square Garden Co (NYSE: MSG) shares have lost 17 percent since November 9. Albert Fried’s Rich Tullo maintained a Market Perform rating for the company, with a price target of $200. Fisher’s departure is a long-term positive for...
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Netflix's 'House Of Cards' Could Be Coming To An End; Kevin Spacey 'Upset' With Company?
Monday, February 8, 2016 - 9:47am | 236Shares of Netflix, Inc. (NASDAQ: NFLX) were trading lower by more than 4 percent early Monday morning as part of a general market selloff among technology stocks and a concerning report that the widely popular "House of Cards" series could be coming to an end. Kevin Spacey recently...
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Amazon Tops Netflix's Streaming Subscriber Numbers: An Expert's View
Tuesday, January 26, 2016 - 3:46pm | 537It seems like Netflix, Inc. (NASDAQ: NFLX) might have been displaced from its throne in the U.S. video streaming arena. According to Investor’s Business Daily, Amazon.com, Inc. (NASDAQ: AMZN) now has more subscribers for its video streaming service in the United States than Netflix does. On...
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Time Warner Shares Inexpensive, According To This Media Analyst
Thursday, January 21, 2016 - 4:02pm | 242Shares of Time Warner Inc (NYSE: TWX) are inexpensive on a relative and absolute basis, according to Rich Tullo, Director of Research at Albert Fried & Company. In a note released on Thursday, the firm believes Time Warner's two units are poised to "execute better" than Wall...
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The Fundamental Forces Changing TV
Wednesday, January 6, 2016 - 2:08pm | 244In a new report, Albert Fried & Company analyst Rich Tullo discusses his take on the cord-cutting phenomenon in TV and the economic factors that are actually at play for leading disruptors Netflix, Inc. (NASDAQ: NFLX), Amazon.com, Inc. (NASDAQ: AMZN) and Time Warner Inc (NYSE: TWX)....
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Wall Street's Take On The Pandora Copyright Ruling
Thursday, December 17, 2015 - 1:44pm | 441Wednesday’s CRB ruling has sent Pandora Media Inc (NYSE: P) shares surging. The market and Wall Street seem to universally view the decision as favorable for Pandora. However, Wall Street remains mixed on the outlook for Pandora’s stock. The long-awaited Copyright Royalty...
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Shocker? 'Star Wars: The Force Awakens' Advance Ticket Sales On Pace For Biggest Release Of All Time
Friday, November 20, 2015 - 12:58pm | 588The 2009 sci-fi 3D film "Avatar" grossed $2.788 billion worldwide ticket sales, making it the highest grossing film ever. Walt Disney Co (NYSE: DIS)'s upcoming release of "Star Wars: The Force Awakens" could overtake it. Wall Street analysts and industry insiders...
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YouTube Introduces New Music App; Prominent Media Analyst Responds
Friday, November 13, 2015 - 2:49pm | 474According to Re/code, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s YouTube is set to launch a fully dedicated music app. The music app, called YouTube Music, will feature an optional paid subscription model. Rich Tullo of Albert Fried cautioned that the streaming service does have its flaws. By...
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'Serial' Podcast And Ticketfly News Gives Pandora Stock A Lift, But Is The Move Justified?
Monday, November 2, 2015 - 12:37pm | 576Shares of Pandora Media Inc (NYSE: P) were higher by more than 4 percent Monday morning. Pandora said on Monday it will be the exclusive streaming partner for "Serial," the quickest podcast to reach five million downloads and streams in Apple Inc. (NASDAQ: AAPL) iTunes'...
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Albert Fried & Co Upgrades Live Nation
Friday, October 30, 2015 - 1:18pm | 408Albert Fried & Co has upgraded Live Nation Entertainment, Inc. (NYSE: LYV) to Overweight and raised its price target to $34. The firm believes the music industry will continue to turn to concert revenue to make up for revenue lost to piracy. Recent strength in European auto sales could be an...
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Wall Street, Bob Peck At Odds Over Pandora
Friday, October 23, 2015 - 11:21am | 735Shares of Pandora Media Inc (NYSE: P) plunged to a new 52-week low on Friday of $11.50 and is now lower by nearly 45 percent from a year ago. Pandora reported an in-line third quarter, but lowered its full year revenue and EBITDA guidance and also announced a $90 million settlement....