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KR

Kroger

$30.64

-0.19 (-0.62%)

, WBA

Walgreens Boots Alliance

$78.08

0.07 (0.09%)

06:17
10/19/16
10/19
06:17
10/19/16
06:17

Kroger backs off from Walgreens Boots Alliance-Rite Aid merger, NY Post says

Kroger (KR) is set to pass on buying the 650 stores that Walgreens (WBA) and Rite Aid (RAD) would have to sell to gain regulatory approval of their $17B merger, the NY Post reports, citing sources. Reference Link

KR

Kroger

$30.64

-0.19 (-0.62%)

WBA

Walgreens Boots Alliance

$78.08

0.07 (0.09%)

RAD

Rite Aid

$7.02

-0.02 (-0.28%)

  • 20

    Oct

  • 06

    Nov

KR Kroger
$30.64

-0.19 (-0.62%)

10/07/16
SBSH
10/07/16
NO CHANGE
Target $39
SBSH
Buy
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.
10/10/16
OPCO
10/10/16
NO CHANGE
OPCO
Wal-Mart 'starting to get its act together' in grocery, says Oppenheimer
After attending Wal-Mart's (WMT) analyst day meeting, Oppenheimer analyst Rupesh Parikh admitted he did not previously look favorably upon the company's strategy to expand into Neighborhood Market and smaller format stores, but he now sees signs that the company is "starting to get its act together in grocery." If Wal-Mart follows through with grocery price investments, it could hurt Kroger (KR), Smart & Final Stores (SFS) and Supervalu (SVU) and be an "indirect negative" for Sprouts Farmers Markets (SFM), Parikh tells investors. However, he also added that he remains confident in the ability of Kroger's management team to at least hold share.
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.
10/07/16
PIVT
10/07/16
NO CHANGE
PIVT
Whole Foods FY17 earnings risk not fully appreciated, says Pivotal Research
Pivotal Research said recent chatter involving Kroger (KR) and Whole Foods (WFM) follows a steady stream of bogus takeover rumors that seem to surface with little or no reasonable basis. The firm's analyst said this appears to be another head fake that distracts from core challenges facing Whole Foods ahead of 4Q16 results in early November and potential disappointing FY17 guidance. Pivotal said although Whole Foods multiple is not demanding, the extent of a FY17 earnings risk is not fully appreciated by the Street.
WBA Walgreens Boots Alliance
$78.08

0.07 (0.09%)

10/17/16
COWN
10/17/16
NO CHANGE
Target $95
COWN
Outperform
Walgreens Boots Alliance guidance may be softer than expected, says Cowen
Cowen analyst Charles Ryhee still likes the long-term story for Walgreens Boots Alliance (WBA) but said, given the pressures due to currency and brand inflation, its 2017 guidance may be softer than expected. Ryhee likes the long-term outlook based on the company's recent deals, its Rite-Aid (RAD) acquisition, and cost reductions. Ryhee maintained his Outperform rating and lowered his price target to $95 from $102 on Walgreen's shares.
10/17/16
JEFF
10/17/16
UPGRADE
Target $95
JEFF
Buy
Walgreens Boots Alliance upgraded to Buy from Hold at Jefferies
Jefferies analyst Brian Tanquilut upgraded Walgreens Boots Alliance to Buy after assuming coverage of the name. The analyst believes the risk/reward for the Rite Aid (RAD) acquisition is skewed positively at current valuation levels. He also thinks Walgreens' fundamental positives are being underappreciated by investors. Tanquilut upped his price target for the shares to $95 from $87.
10/13/16
LEER
10/13/16
NO CHANGE
Target $105
LEER
Outperform
Tricare announcement not material to CVS Health, says Leerink
Leerink analyst David Larsen notes that Tricare recently announced that CVS Health (CVS) will be excluded from its network effective December 1 and Walgreens Boots Alliance (WBA) will be in-network. While there are over 127M scripts associated with Tricare each year, the analyst estimates that just about 30.6M of these prescriptions are "retail" and as a result Larsen does not believe that CVS' exclusion from the Tricare network will be material. He remains positive on CVS, and reiterates an Outperform rating and $105 price target on the company's shares.
10/05/16
UBSW
10/05/16
INITIATION
Target $94
UBSW
Buy
Walgreens Boots Alliance initiated with a Buy at UBS
Target $94.
RAD Rite Aid
$7.02

-0.02 (-0.28%)

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.
09/01/16
FBCO
09/01/16
NO CHANGE
FBCO
Walgreens Boots Alliance added to Focus List at Credit Suisse
Credit Suisse analyst Robert Willoughby said Walgreens Boots Alliance (WBA) closing of the Rite Aid (RAD) acquisition in 2H 2016 will bring meaningful revenue growth, cash flow, and cost cutting opportunities to drive Walgreens shares higher. The analyst sees limited downside given new and potentially more preferred pharmacy network agreements with leading PBMs, capital deployment, and the early AmerisourceBergan warrant exercise. Willoughby reiterates his Outperform rating and $95 price target on Walgreens shares and the investment policy committee added it to the Credit Suisse Focus List.

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Zoetis

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PRTY

Party City

$16.25

1.5 (10.17%)

14:34
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Periodicals
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MU

Micron

$26.79

-0.2 (-0.74%)

14:33
04/27/17
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14:33
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Micron analyst commentary  »

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BIIB

Biogen

$279.98

-6.91 (-2.41%)

, AMGN

Amgen

$164.61

-0.09 (-0.05%)

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$279.98

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AMGN

Amgen

$164.61

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CELG

Celgene

$125.20

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GILD

Gilead

$68.22

1.1 (1.64%)

IONS

Ionis Pharmaceuticals

$46.96

-0.92 (-1.92%)

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WFT

Weatherford

$5.49

-0.25 (-4.36%)

14:31
04/27/17
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Options
Weatherford with hefty option blocks ahead of earnings »

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$NSD

NASDAQ Market Internals

14:17
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NASDAQ market internals summary »

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JPM

JPMorgan

$87.54

-0.895 (-1.01%)

14:17
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$NYE

NYSE Market Internals

14:16
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WEX

WEX

$102.16

-4.69 (-4.39%)

14:14
04/27/17
04/27
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NBLX

Noble Midstream

$48.99

-0.715 (-1.44%)

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SBUX

Starbucks

$61.56

0.6 (0.98%)

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JCP

J.C. Penney

$5.45

-0.07 (-1.27%)

14:11
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GRUB

GrubHub

$41.43

6.41 (18.30%)

, YELP

Yelp

$35.79

1.21 (3.50%)

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GRUB

GrubHub

$41.43

6.41 (18.30%)

YELP

Yelp

$35.79

1.21 (3.50%)

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DISH

Dish

$63.30

0.76 (1.22%)

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ALKS

Alkermes

$57.13

0.13 (0.23%)

13:46
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INTC

Intel

$36.93

0.06 (0.16%)

, MBLY

Mobileye

$61.94

0.115 (0.19%)

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MBLY

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ALKS

Alkermes

$57.13

0.13 (0.23%)

13:42
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BIDU

Baidu

$186.67

-0.32 (-0.17%)

13:40
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Baidu technical commentary ahead of earnings news, technical pattern »

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SNCR

Synchronoss

$24.62

-0.02 (-0.08%)

13:36
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