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RAD

Rite Aid

$7.51

-0.14 (-1.83%)

, KR

Kroger

$33.00

0.745 (2.31%)

13:05
08/24/16
08/24
13:05
08/24/16
13:05

Capitol Forum: Kroger could buy some Walgreens-Rite Aid stores, Bloomberg says

Capitol Forum says Kroger (KR) has emerged as a potential buyer for stores to be divested by Walgreens (WBA) and Rite Aid (RAD) due to their proposed merger, according to Bloomberg.

RAD

Rite Aid

$7.51

-0.14 (-1.83%)

KR

Kroger

$33.00

0.745 (2.31%)

WBA

Walgreens Boots Alliance

$82.38

-0.36 (-0.44%)

RAD Rite Aid
$7.51

-0.14 (-1.83%)

06/03/16
FBRC
06/03/16
NO CHANGE
FBRC
Outperform
McKesson IT unit sale could challenge earnings, says FBR Capital
FBR Capital analyst Steven Halper estimates McKesson's information technology unit produces about $1.20 per share in annual earnings. After the Wall Street Journal reported last night that the company is weighing the sale of the unit, Halper tells investors that the challenge for McKesson would be how it would replace the earnings. The company could redeploy capital through acquisitions, share repurchases and increasing its cash dividend, the analyst writes. He reminds investors that McKesson still faces a potential new headwind in FY18 if Walgreens (WBA) closes its proposed merger with Rite Aid (RAD). Halper keeps an Outperform rating on McKesson.
07/19/16
LEER
07/19/16
NO CHANGE
Target $95
LEER
Outperform
Leerink remains positive on Walgreens Boots Alliance long-term
Leerink analyst David Larsen remains positive on Walgreens Boots Alliance (WBA) in the long-term, despite reducing his forward revenue and earnings estimates due mainly to trends in FX. Larsen still believes that the Rite Aid (RAD) deal will close in the second half of 2016, and expects shares of Walgreens Boots Alliance to rally once that happens. The analyst reiterates an Outperform rating and $95 price target on Walgreens Boots Alliance's shares.
07/07/16
BARD
07/07/16
NO CHANGE
Target $95
BARD
Outperform
Walgreens Boots Alliance estimates, price target lowered at Baird
Baird analyst Eric Coldwell lowered his price target for Walgreens Boots Alliance (WBA) to $95 from $98 and cut his fiscal year 2017 outlook modestly following the company's mixed earnings report and due to incremental currency headwind. Nonetheless, he believes the damage is "largely done" and reiterates an Outperform rating on the shares, while waiting for the Rite Aid (RAD) deal and further efficiency improvements.
06/16/16
BOFA
06/16/16
NO CHANGE
BOFA
McKesson weakness related to Rite Aid unwarranted, says BofA/Merrill
KR Kroger
$33.00

0.745 (2.31%)

08/23/16
CLVD
08/23/16
DOWNGRADE
CLVD
Neutral
Kroger downgraded to Neutral from Buy at Cleveland Research
08/23/16
08/23/16
DOWNGRADE

Neutral
Kroger downgraded to Neutral, estimates at risk, say Cleveland Research
As previously reported, Cleveland Research downgraded Kroger to Neutral from Buy. Analyst Scott Bender believes there is more potential risk than upside to consensus earnings estimates over the next 6-12 months given persistent retail deflation and an intensifying competitive environment. The analyst believes sales slowed sequentially for Kroger in July and said it appears the company ramped up price and promotional aggressiveness during the second half of the quarter in response to softer sales and competition.
08/23/16
08/23/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Kroger (KR) downgraded to Neutral from Buy at Cleveland Research with analyst Scott Bender saying he believes there is more potential risk than upside to consensus earnings estimates over the next 6-12 months given persistent retail deflation and an intensifying competitive environment. 2. Medivation (MDVN) downgraded to Hold from Buy at Stifel, to Neutral from Outperform at Credit Suisse, to Neutral from Buy at SunTrust, and to Hold from Buy at Brean Capital. 3. Logitech (LOGI) downgraded to Neutral from Buy at UBS. 4. Oasis Petroleum (OAS) downgraded to Market Perform from Outperform at BMO Capital with analyst Dan McSpirit citing valuation. 5. ResMed (RMD) downgraded to Underperform from Hold at Jefferies with analyst Anthony Petrone noting that the firm's survey and expert calls indicate that those in the field see the company's AirSense10 as still "best-in-class," but Philips' (PHG) Dream has closed the gap while being priced at a discount. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/24/16
OPCO
08/24/16
NO CHANGE
Target $40
OPCO
Outperform
Kroger should be bought on any weakness, says Oppenheimer
Oppenheimer analyst Rupesh Parikh believes Kroger's underlying cash generation remains "very strong," which suggests that its shares could be approaching a near-term bottom, and recommends buying the stock of any weakness. Nonetheless, the analyst acknowledges that the top line likely remains "very challenging," and expects another comp shortfall amid a difficult deflationary and an increasingly promotional environment. Parikh reiterates an Outperform rating and $40 price target on the shares.
WBA Walgreens Boots Alliance
$82.38

-0.36 (-0.44%)

07/01/16
CLVD
07/01/16
NO CHANGE
CLVD
Walgreens Boots Alliance Q3 trends at lower end, says Cleveland Research
Cleveland Research analysts led by Eric Bosshard said Walgreens Boots Alliance's US sales trends in Q3 look to be at the lower end of expectations, pressured by a weak allergy season and incremental market share loss to the mass/discount channel.
07/18/16
MZHO
07/18/16
NO CHANGE
MZHO
Valeant likely to lower 2016 guidance again, says Mizuho
Mizuho expects Valeant to report slightly lower than expected Q2 EPS. The firm says that the company's guidance implies that its operating spending will drop in 2H16. Mizuho thinks that this outlook is unrealistic. The firm adds that the company's belief that its revenue will be boosted by seasonality and improved economics from the Walgreens (WBA) deal could also be unrealistic. The firm reiterates an $11 price target and Unerperform ratingon Valeant.

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TWOU

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AZO

AutoZone

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SHAK

Shake Shack

$37.03

-0.87 (-2.30%)

05:48
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Initiation
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CIEN

Ciena

$24.35

-0.07 (-0.29%)

05:44
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  • 01

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SPX

S&P 500

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BF.B

Brown Forman, also tag with BFA, BFB

$53.38

-3.54 (-6.22%)

, BFA

Brown-Forman, also tag with BF.A, BF.B

05:41
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05:41
Downgrade
Brown Forman, also tag with BFA, BFB, Brown-Forman, also tag with BF.A, BF.B, Brown-Forman, also tag with BF.A, BF.B, Constellation Brands, Diageo rating change  »

Brown Forman downgraded…

BF.B

Brown Forman, also tag with BFA, BFB

$53.38

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BFA

Brown-Forman, also tag with BF.A, BF.B

BFB

Brown-Forman, also tag with BF.A, BF.B

STZ

Constellation Brands

$180.86

-3.28 (-1.78%)

DEO

Diageo

$121.74

0.52 (0.43%)

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GDX

Market Vector Gold Miners

$22.64

-0.52 (-2.25%)

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GLD

SPDR Gold Trust

$119.14

-0.76 (-0.63%)

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NUGT

Direxion Gold Miners Bull

$33.71

-2.6 (-7.16%)

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$17.24

-1.94 (-10.11%)

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DUST

Direxion Daily Gold Miners Bear 3X ETF

$29.88

1.92 (6.87%)

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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$77.70

7.41 (10.54%)

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VXX

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XIV

VelocityShares Daily Inverse VIX Short-Term ETN

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0.1 (0.13%)

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VelocityShares Daily 2x VIX Short-Term ETN

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SVXY

ProShares Short VIX Short-Term Futures

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0.12 (0.08%)

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FX Action: USD-JPY has been on the ebb »

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TROW

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ESLT

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GOGL

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