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TGT

Target

$78.45

0.58 (0.74%)

11:10
11/23/16
11/23
11:10
11/23/16
11:10

Calls lead puts 7:1 in Target ahead of heavy shopping weekend

Calls lead puts 7:1 in Target ahead of heavy shopping weekend. Shares little changed at $78.15 with 14K calls trading in the first hour, vs 2K puts, and Dec 80 calls seeing most of the flow, including a buyer of 6700 for 65c on the Amex after earlier nibbles at lower prices. 10K on the tape now, opening a new position with a breakeven near the level shares saw in March.

TGT Target
$78.45

0.58 (0.74%)

09/16/16
FBCO
09/16/16
INITIATION
Target $65
FBCO
Neutral
Target coverage assumed with a Neutral at Credit Suisse
Credit Suisse analyst Edward Kelly assumed coverage on Target with a $65 price target, down from $72, citing an uncertain outlook, structural headwinds, and under investment.
09/16/16
09/16/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. GoPro (GPRO) initiated with a Buy at BofA/Merrill. 2. JetBlue (JBLU) initiated with an Outperform at Imperial Capital. 3. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Monster Beverage (MNST) were initiated with an Outperform at Credit Suisse, while the firm initiated Boston Beer (SAM) with an Underperform. Credit Suisse also initiated Coca-Cola (KO) and Constellation Brands (STZ) with a Neutral. 4. lululemon (LULU) initiated with a Positive at Susquehanna. 5. Target (TGT) coverage assumed with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/23/16
BOFA
09/23/16
NO CHANGE
Target $55
BOFA
Buy
BofA thinks Verizon deal stays on track despite Yahoo data breach
Bank of America Merrill Lynch analyst Justin Post said that Yahoo's (YHOO) disclosure of the massive data breach impacting over 500M of its users is clearly a negative for the company that could result in email account closures, but he does not anticipate a major impact on Yahoo's business related to this breach, citing as evidence the fact that he is not aware of any significant business impairment or financial liability related to security breaches at LinkedIn (LNKD) in 2012 and at eBay (EBAY) in 2014. Post adds that the Target (TGT) data breach, which did include credit card info, is not directly comparable to Yahoo's breach. For Verizon (VZ) to back out of its acquisition agreement, Post thinks the company would need to assume Yahoo acted in bad faith during negotiations and that the Yahoo asset is impaired or comes with significant liability, neither of which he sees as being the case. The analyst keeps a Buy rating on Yahoo and bumped his target on the shares to $55 from $53, citing an increased price target on Alibaba (BABA) that a peer at the firm recently set.
09/30/16
GUGG
09/30/16
INITIATION
GUGG
Neutral
Target initiated with a Neutral at Guggenheim

TODAY'S FREE FLY STORIES

FEYE

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OSUR

OraSure

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0.17 (1.09%)

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XLF

Financial Select Sector

$24.19

0.17 (0.71%)

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KITE

Kite Pharma

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-0.23 (-0.23%)

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  • 29

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ANY

Sphere 3D

$0.20

0.0275 (16.08%)

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  • 27

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MRK

Merck

$66.14

0.215 (0.33%)

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Merck confirms computer network 'compromised' by global hack »

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  • 22

    Sep

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BLK

BlackRock

$425.20

0.51 (0.12%)

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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11:15
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PSX

Phillips 66

$80.96

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, CVX

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CVX

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  • 01

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ALDR

Alder Biopharmaceuticals

$18.70

-1 (-5.08%)

11:03
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  • 27

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AA

Alcoa

$32.33

1.15 (3.69%)

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HCC

Warrior Met Coal

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BV

Bazaarvoice

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CBI

CB&I

$16.50

2.1 (14.58%)

, TOSBF

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LTRX

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