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KR

Kroger

$29.37

0.53 (1.84%)

, WFM

Whole Foods

$29.33

1.37 (4.90%)

05:54
10/07/16
10/07
05:54
10/07/16
05:54

Citi says Whole Foods buyout would be uncharacteristic for Kroger

Citi analyst Alvin Concepcion weighs in on the speculation yesterday that Kroger (KR) could be interested in acquiring Whole Foods (WFM) for $40 per share. There are challenges that reduce the likelihood of a deal, and such a transaction could be uncharacteristic for Kroger, Concepcion tells investors in a research note. For one, the acquisition would be expensive, the analyst contends. And two, Kroger would have to lever up to 3.5 times net debt/EBITDA, he adds. The analyst keeps a Buy rating on Kroger with a $39 price target. Whole Foods yesterday closed up 5% to $29.33 amid the takeout rumor.

KR

Kroger

$29.37

0.53 (1.84%)

WFM

Whole Foods

$29.33

1.37 (4.90%)

KR Kroger
$29.37

0.53 (1.84%)

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.
08/29/16
SBSH
08/29/16
NO CHANGE
Target $43
SBSH
Buy
Kroger Q2 sales could miss expectations, says Citi
Citi analyst Alvin Concepcion believes Kroger is likely to meet Q2 earnings expectations but that its sales could fall short of estimates. Kroger is likely to post Q2 ID ex-fuel sales of 1.6%, below the consensus of 2.5%, due to worsening deflation, Concepcion tells investors in a pre-earnings research note. Volume was healthy, but likely not enough to offset the deflationary pressure, the analyst argues. The Q2 earnings release could drive further share weakness, which would present a buying opportunity, Concepcion writes. He lowered his price target for Kroger shares to $43 from $44 and keeps a Buy rating on the name.
09/12/16
WELS
09/12/16
NO CHANGE
WELS
Kroger long-term risk/reward positive, says Wells Fargo
Wells Fargo says that Kroger's revised EPS guidance should ease investors' concerns and limit the decline of the stock. Wells trimmed its valuation range on the stock to $37-$38 from $40-$41 based on the company's comp deceleration and its belief that Kroger may have difficulty generating EBIT growth in 2017. Nonetheless, the firm thinks that the stock's current valuation makes its long-term risk/reward ratio positive. It keeps an Outperform rating on the shares.
09/23/16
LEHM
09/23/16
INITIATION
Target $33
LEHM
Equal Weight
Kroger initiated with an Equal Weight at Barclays
Barclays analyst Karen Short started Kroger with an Equal Weight rating and $33 price target.
WFM Whole Foods
$29.33

1.37 (4.90%)

07/26/16
GSCO
07/26/16
DOWNGRADE
GSCO
Sell
Whole Foods downgraded to Sell from Neutral at Goldman
Goldman analyst Stephen Tanal assumed coverage Whole Foods with Sell rating from a Neutral rating with a $31 price target. Tanal said Whole Foods is losing share in its core natural and organic business to a variety of competitors that have raised the bar and driven a consistent deceleration in Whole Foods' same-store-sales and its first negative comps in Q4 2016 since 2009.
07/26/16
07/26/16
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. Disney (DIS) and Time Warner (TWX) downgraded to Market Perform from Outperform at FBR Capital with analyst Barton Crocket saying Disney's stock "will struggle to deliver much upside" from current levels. The analyst lowered his price target for the shares to $108 from $111. The analyst downgraded Time Warner citing valuation. 2. Chipotle (CMG) downgraded to Sell from Hold at Stifel with analyst Paul Westra citing the firm's belief that the U.S. economy will probably enter a recession within nine months. 3. Whole Foods (WFM) downgraded to Sell from Neutral at Goldman with analyst Stephen Tanal saying Whole Foods is losing share in its core natural and organic business to a variety of competitors that have raised the bar and driven a consistent deceleration in Whole Foods' same-store-sales and its first negative comps in the fourth quarter of 2016 since 2009. 4. BJ's Restaurants (BJRI) downgraded to Sell from Buy at Stifel with analyst Paul Westra citing the firm's belief that the U.S. economy will probably enter a recession within nine months. 5. Yahoo (YHOO) downgraded to Equal Weight from Overweight at Morgan Stanley with analysts led by Brian Nowak saying shares going forward will solely be viewed as a trading vehicle for its 15% Alibaba (BABA) stake with the investment thesis related to shares closing the estimated 39% liquidity discount to fair market value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/04/16
FBCO
08/04/16
NO CHANGE
Target $40
FBCO
Outperform
Whole Foods added to US Focus List at Credit Suisse
09/23/16
LEHM
09/23/16
INITIATION
Target $30
LEHM
Equal Weight
Whole Foods initiated with an Equal Weight at Barclays
Barclays analyst Karen Short started Whole Foods Market with an Equal Weight rating and $30 price target.

TODAY'S FREE FLY STORIES

BGSF

BG Staffing

$15.15

-0.27 (-1.75%)

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TMO

Thermo Fisher

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SNBC

Sun Bancorp

$25.70

-0.05 (-0.19%)

08:57
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UPS

UPS

$107.62

0.26 (0.24%)

08:57
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RTN

Raytheon

$155.27

-0.74 (-0.47%)

08:56
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Hot Stocks
Raytheon raises FY17 EPS view to $7.25-$7.40 from $7.20-$7.35, consensus $7.40 »

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  • 27

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BA

Boeing

$181.71

-1.8 (-0.98%)

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EXAS

Exact Sciences

$23.80

-1.09 (-4.38%)

08:56
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04/27
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AA

Alcoa

$36.45

-0.04 (-0.11%)

08:56
04/27/17
04/27
08:56
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Syndicate
Alcoa 12.959M share Spot Secondary priced at $36.15 »

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X

U.S. Steel

$22.78

-8.33 (-26.78%)

, NSC

Norfolk Southern

$117.82

1.04 (0.89%)

08:56
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04/27
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08:56
Options
Notable open interest changes for April 27th »

Wednesday's total…

X

U.S. Steel

$22.78

-8.33 (-26.78%)

NSC

Norfolk Southern

$117.82

1.04 (0.89%)

BAC

Bank of America

$23.89

-0.09 (-0.38%)

TWTR

Twitter

$15.82

1.16 (7.91%)

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CTB

Cooper Tire

$43.40

0.05 (0.12%)

08:55
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Technical Analysis
Cooper Tire drops sharply after earnings miss »

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AAL

American Airlines

$46.40

-0.21 (-0.45%)

08:55
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  • 27

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UTHR

United Therapeutics

$119.99

-1.75 (-1.44%)

08:55
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04/27
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  • 06

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08:55
04/27/17
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General news
The 14k initial claims pop to 257k »

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Conference/Events
FDIC to hold a committee meeting »

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DXCM

Dexcom

$75.68

0.74 (0.99%)

08:54
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Dexcom initiated  »

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  • 02

    May

BRKL

Brookline Bancorp

$15.95

0.35 (2.24%)

08:54
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Syndicate
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BRKL

Brookline Bancorp

$15.95

0.35 (2.24%)

08:54
04/27/17
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Syndicate
Brookline Bancorp 4.8M share Spot Secondary priced at $14.50 »

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08:53
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General news
Futures slightly higher as investors digest torrent of earnings »

Stock futures are…

MGP

MGM Growth

$28.20

0.22 (0.79%)

08:53
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Earnings
MGM Growth reports Q1 EPS 20c, consensus 22c »

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  • 27

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MEP

Midcoast Energy

$7.95

-0.05 (-0.63%)

08:52
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UA

Under Armour

$18.14

0.17 (0.95%)

, UAA

Under Armour

$19.71

0.18 (0.92%)

08:52
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Under Armour CEO says 'working through' Curry shoe inventory imbalance »

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UA

Under Armour

$18.14

0.17 (0.95%)

UAA

Under Armour

$19.71

0.18 (0.92%)

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  • 27

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WCN

Waste Connections

$89.51

-0.74 (-0.82%)

08:52
04/27/17
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Earnings
Waste Connections sees Q2 revenue $1.145B-$1.15B, consensus $1.13B »

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SMI

SMIC

$5.93

0.03 (0.51%)

, TSM

TSMC

$33.00

-0.07 (-0.21%)

08:52
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Periodicals
SMIC reportedly hires former TSMC R&D executive Liang, DigiTimes says »

Semiconductor…

SMI

SMIC

$5.93

0.03 (0.51%)

TSM

TSMC

$33.00

-0.07 (-0.21%)

SSNLF

Samsung

03/08/13
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F

Ford

$11.60

0.12 (1.05%)

08:51
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Ford sees total company adjusted PBT to improve for 2018 »

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  • 27

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    May

ACHC

Acadia

$42.19

-1.39 (-3.19%)

08:50
04/27/17
04/27
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08:50
Recommendations
Acadia analyst commentary  »

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