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M

Macy's

$35.57

-1.23 (-3.34%)

, CBL

CBL & Associates

$11.69

-0.11 (-0.93%)

07:39
10/17/16
10/17
07:39
10/17/16
07:39

Macy's sticks with decision to open stores on Thanksgiving, CNBC reports

Macy's (M) is sticking with its decision to open on Thanksgiving Day, CNBC reports. Even as many malls and retailers won't open, the retail giant is expected to open its doors at 5 p.m. that day, an hour earlier than last year, the report says. This year, many retailers, including TJ Maxx (TJX) and Nordstrom (JWN), and mall operators, including the Mall of America and CBL & Associates (CBL), are closing their properties on Thanksgiving. Reference Link

M

Macy's

$35.57

-1.23 (-3.34%)

CBL

CBL & Associates

$11.69

-0.11 (-0.93%)

TJX

TJX

$74.23

-0.24 (-0.32%)

JWN

Nordstrom

$53.63

-0.05 (-0.09%)

  • 20

    Oct

  • 23

    Oct

  • 28

    Oct

M Macy's
$35.57

-1.23 (-3.34%)

09/14/16
09/14/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Macy's (M) upgraded to Buy from Neutral at Citi with analyst Paul Lejuez saying an attractive free cash flow and dividend yield makes the risk/reward attractive at current levels. 2. Fifth Third (FITB) upgraded to Buy from Neutral at Compass Point. 3. F5 Networks (FFIV) upgraded to Outperform from Perform at Oppenheimer with analyst Ittai Kidron saying the company has several potential drivers that could drive year-over-year product revenue growth back into positive territory in fiscal 2017. 4. Las Vegas Sands (LVS) upgraded to Buy from Hold at Argus with analyst John Staszak saying that Macau gambling is shifting towards the non-VIP market, where he believes that Las Vegas Sands is well-positioned. 5. DeVry (DV) upgraded to Outperform from Market Perform at Barrington with analyst Alexander Paris saying management's near-term goal is stabilizing revenue at DeVry University growing enrollment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/28/16
09/28/16
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. Alphabet (GOOG, GOOGL) downgraded to Underperform from Neutral at Wedbush with analyst James Dix citing concerns that the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive. 2. AT&T (T) downgraded to Neutral from Buy at UBS with analyst John Hodulik citing expectations for lower earnings growth. 3. Macy's (M) downgraded to Neutral from Outperform at Credit Suisse with analyst Michael Exstein saying the retailer, after outlining in August its operations and merchandising strategies, is now in an execution phase. 4. Twitter (TWTR) downgraded to Underperform from Neutral at Mizuho and to Sell from Hold at Loop Capital. 5. Galectin Therapeutics (GALT) downgraded to Sell from Buy at Roth Capital with analyst Sa'ar Yaniv citing the company's announcement that NASH-FX, GR-MD-02's Phase 2a study in NASH fibrosis, failed both primary and secondary endpoints. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/30/16
GUGG
09/30/16
INITIATION
Target $45
GUGG
Buy
Macy's initiated with a Buy at Guggenheim
Guggenheim analyst Robert Drbul initiated Macy's with a Buy and a $45 price target saying shares offer a compelling risk reward ratio due to the company's healthy balance sheet, 4.2% dividend yield, and strong free cash flow.
09/28/16
FBCO
09/28/16
DOWNGRADE
Target $40
FBCO
Neutral
Macy's downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Michael Exstein downgraded Macy's (M) to Neutral saying the retailer, after outlining in August its operations and merchandising strategies, is now in an execution phase. The analyst recommends swapping into Dillard's (DDS), which he upgraded this morning to Outperform. Exstein remains Underweight the Department Store space and keeps a $40 price target for shares of Macy's.
CBL CBL & Associates
$11.69

-0.11 (-0.93%)

08/29/16
08/29/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. T-Mobile (TMUS) upgraded to Outperform from Market Perform at Wells Fargo, with analyst Jennifer Fritzsche saying the company's free cash flow should ramp significantly in 2017. T-Mobile should also see continued positive momentum in subscriber growth and be helped by M&A speculation post the Presidential election, said Fritzsche, who raised her price target range for the shares to $52-$54 from $48-$50. 2. KLA-Tencor (KLAC) upgraded to Outperform from Market Perform at Cowen by analyst Timothy Arcuri, who views the shares as "too interesting to ignore" regardless of the Lam Research (LRCX) deal outcome. KLA's risk/reward, even if the deal breaks, is now 3:1 to the upside, which is hard to find in semis, Arcuri tells investors in a research note. 3. Allegheny Technologies (ATI) upgraded to Buy from Hold at Deutsche Bank, with Deutsche Bank analyst Jorge Beristain saying leverage concerns have eased following the closure of the company's Rowley facility. Management is acting to exit low-margin stainless products, said Beristain. 4. CBL & Associates (CBL) upgraded to Buy from Hold at Jefferies, as analyst Omotayo Okusanya thinks "several issues" that have been an overhang on the shares are now resolved or are in the process of resolution. The company's portfolio quality is rising while its balance sheet is in better shape, Okusanya tells investors. 5. AstraZeneca upgraded to Buy from Hold at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/29/16
JEFF
08/29/16
UPGRADE
Target $16
JEFF
Buy
CBL & Associates upgraded to Buy from Hold at Jefferies
Jefferies analyst Omotayo Okusanya upgraded CBL & Associates to Buy saying "several issues" at have been an overhang on the shares are now resolved or are in the process of resolution. The company's portfolio quality is rising while its balance sheet is in better shape, Okusanya tells investors in a research note. The analyst raised his price target for the shares to $16 from $10.50.
07/15/16
KEYB
07/15/16
UPGRADE
Target $15
KEYB
Overweight
CBL & Associates upgraded to Overweight from Sector Weight at KeyBanc
KeyBanc analyst Jordan Sadler upgraded CBL & Associates to Overweight with a $15 price target saying the company has "significant valuation support" and its dividend is well-covered.
07/14/16
KEYB
07/14/16
UPGRADE
KEYB
Overweight
CBL & Associates upgraded to Overweight from Sector Weight at KeyBanc
TJX TJX
$74.23

-0.24 (-0.32%)

08/17/16
WELS
08/17/16
NO CHANGE
WELS
TJX 'bull thesis still in play,' says Wells Fargo
After TJX yesterday reported stronger than expected Q2 results but provided lower than expected Q3 guidance and the stock fell nearly 6%, Wells Fargo says that the wage pressures cited by the company are not worrisome. The firm thinks that the company's "top line fundamentals remains some of the strongest" in its sector Wells expects analysts to reduce their estimates for the company due to the wage pressures, but it recommends buying the shares "on any prolonged pullback" and keeps an Outperform rating.
09/30/16
GUGG
09/30/16
INITIATION
GUGG
Buy
TJX coverage assumed with a Buy at Guggenheim
Guggenheim analyst Robert Drbul assumed coverage on TJX with a Buy and an $85 price target. He believes the off-price sector should continue to gain market share due to shifts in both vendor and consumer preferences and expects TJX to be one of the main beneficiaries.
08/17/16
RHCO
08/17/16
NO CHANGE
RHCO
TJX should be bought on weakness, says SunTrust
After TJX yesterday reported stronger than expected Q2 results but provided lower than expected Q3 guidance and the stock fell nearly 6%, SunTrust analyst Pamela Quintiliano says that the company's guidance is conservative. She noted that the company's results so far this quarter have been "solid," and says that it is well-positioned for continued market share gains. The analyst recommends buying the stock on weakness.
08/17/16
WEDB
08/17/16
NO CHANGE
WEDB
TJX fundamentals still strong, says Wedbush
After TJX yesterday reported stronger than expected Q2 results but provided lower than expected Q3 guidance and the stock fell nearly 6%, Wedbush analyst Morry Brown remains upbeat on the company's fundamentals which he says have not changed. The analyst says that the wage pressures and adverse foreign exchange fluctuations reported by the company aren't new. Brown expects the company's SSS to continue to outperform that of its peers. He raised his price target on the shares to $84 from $82 and keeps an Outperform rating.
JWN Nordstrom
$53.63

-0.05 (-0.09%)

08/15/16
RBCM
08/15/16
NO CHANGE
RBCM
Nordstrom results 'encouraging,' says RBC Capital
RBC Capital analyst Brian Tunick says he was "encouraged" by Nordstrom's better than expected Q2 results, and he is upbeat on the company's sales initiatives. However, he keeps a Sector Perform rating on the stock, citing valuation.
08/12/16
UBSW
08/12/16
NO CHANGE
Target $58
UBSW
Buy
Nordstrom price target raised to $58 from $44 at UBS
UBS raised its price target on Nordstrom to $58 from $44 following Q2 results. The firm cited improved Rack trends, raised guidance, and improved visibility. UBS reiterated its Buy rating on Nordstrom shares.
08/12/16
KEYB
08/12/16
NO CHANGE
KEYB
Nordstrom price target raised to $65 from $52 at KeyBanc
KeyBanc says that Nordstrom reported "strong" Q2 results, while the company's set up is "increasingly favorable." The firm thinks that the stock offers one of the best risk/reward ratios in its softlines/apparel coverage. It reiterates an Overweight rating on the shares.
09/30/16
GUGG
09/30/16
INITIATION
Target $60
GUGG
Buy
Nordstrom coverage assumed with a Buy at Guggenheim
Guggenheim analyst Robert Drbul coverage assumed Nordstrom with a Buy and a $60 price target.

TODAY'S FREE FLY STORIES

TIF

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1.98 (2.23%)

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Fiat Chrysler

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MSFT

Microsoft

$75.16

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AA

Alcoa

$45.77

0.86 (1.91%)

12:45
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Alcoa call volume above normal and directionally bullish »

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NDLS

Noodles & Company

$4.15

-0.25 (-5.68%)

12:37
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ENDP

Endo

$8.34

-0.26 (-3.02%)

, JNJ

Johnson & Johnson

$135.14

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$8.34

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$135.14

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TEVA

Teva

$17.14

0.15 (0.88%)

AGN

Allergan

$218.48

-3.06 (-1.38%)

ABC

AmerisourceBergen

$80.24

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CAH

Cardinal Health

$66.37

-0.7 (-1.04%)

MCK

McKesson

$150.02

1.6 (1.08%)

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  • 21

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LXRX

Lexicon

$12.81

0.44 (3.56%)

, IPSEY

Ipsen

$33.04

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Lexicon

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  • 25

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LEG

Leggett & Platt

$45.25

-0.635 (-1.38%)

12:34
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Conference/Events
Leggett & Platt management to meet with SunTrust »

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  • 19

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AMZN

Amazon.com

$974.19

-12.6 (-1.28%)

, VIA

Viacom

$37.45

-0.4 (-1.06%)

12:32
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Periodicals
Viacom leak may have compromised digital properties, Gizmodo reports »

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AMZN

Amazon.com

$974.19

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VIA

Viacom

$37.45

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VIAB

Viacom

$27.32

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  • 22

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ACTG

Acacia Research

12:32
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Acacia Research shares trade higher amid insider buying »

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GDOT

Green Dot

$48.82

0.79 (1.64%)

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  • 19

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ADBE

Adobe

$155.77

1.28 (0.83%)

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Endo

$8.34

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Johnson & Johnson

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MCK

McKesson

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EFX

Equifax

$94.55

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  • 22

    Oct

ADK

AdCare

$0.98

-0.01 (-1.01%)

12:26
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EDIT

Editas Medicine

$21.37

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12:26
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  • 19

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BBRY

BlackBerry

$9.26

-0.01 (-0.11%)

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  • 28

    Sep

CARB

Carbonite

$21.70

1.2 (5.85%)

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  • 19

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DWDP

DowDuPont

$69.92

0.15 (0.21%)

12:22
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12:22
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DowDuPont management to meet with SunTrust »

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  • 19

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