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Fly News Breaks for October 8, 2015
WING, WSM, WEN, USG, UTX, STKL, LEAF, PSTG, PLKI, PIR, PTC, NVDQ, NDLS, MCD, MSG, MSGN, LYV, KLXI, IMNP, GRPN, GCI, ENT, LOCO, FL, DRI, DISH, CBRL, CMG, BBBY, BKS, BNED
Oct 8, 2015 | 10:00 EDT
Today's noteworthy initiations include: Barnes & Noble Education (BNED) initiated with a Hold at Cantor... Barnes & Noble (BKS) initiated with a Buy at Cantor... Bed Bath & Beyond (BBBY) initiated with a Hold at Jefferies... Chipotle (CMG) initiated with a Buy at SunTrust... Cracker Barrel (CBRL) initiated with a Neutral at SunTrust... DISH (DISH) initiated with a Buy at Deutsche Bank... Darden (DRI) initiated with a Neutral at SunTrust... El Pollo Loco (LOCO) initiated with a Buy at SunTrust... Foot Locker (FL) initiated with a Buy at Argus... Gannett (GCI) initiated with a Buy at Cantor... Global Eagle (ENT) initiated with a Buy at Evercore ISI... Groupon (GRPN) initiated with an Underperform at Cowen... Immune Pharmaceuticals (IMNP) initiated with a Buy at Roth Capital... KLX Inc. (KLXI) initiated with a Buy at Cantor... Live Nation (LYV) initiated with a Buy at Citi... MSG Networks (MSGN) initiated with a Hold at Cantor... Madison Square Garden (MSG) initiated with a Buy at Cantor... McDonald's (MCD) initiated with a Buy at SunTrust... Noodles & Company (NDLS) initiated with a Neutral at SunTrust... Novadaq (NVDQ) initiated with an Outperform at Wedbush... PTC (PTC) initiated with an Overweight at Pacific Crest... Pier 1 Imports (PIR) initiated with a Hold at Jefferies... Popeyes (PLKI) initiated with a Neutral at SunTrust... Pure Storage (PSTG) initiated with an Outperform at FBN Securities... Springleaf (LEAF) initiated with a Buy at Janney Capital... SunOpta (STKL) initiated with an Outperform at BMO Capital... USG (USG) initiated with a Neutral at Goldman... United Technologies (UTX) initiated with a Neutral at JPMorgan... Wendy's (WEN) initiated with a Buy at SunTrust... Williams-Sonoma (WSM) initiated with a Hold at Jefferies... Wingstop (WING) initiated with a Buy at SunTrust.
News For BNED;BKS;BBBY;CMG;CBRL;DISH;DRI;FL;LOCO;ENT;GCI;GRPN;IMNP;KLXI;LYV;MSGN;MSG;MCD;NDLS;NVDQ;PTC;PIR;PLKI;PSTG;LEAF;STKL;UTX;USG;WEN;WSM;WING From the Last 2 Days
MCD
Mar 27, 2024 | 06:19 EDT
Citi analyst Jon Tower raised the firm's price target on Krispy Kreme (DNUT) to $19 from $14 and keeps a Neutral rating on the shares. The company's "long-awaited" McDonald's (MCD) partnership came in better than expected, with Krispy Kreme set to see its products sold at most U.S. locations by 2027 versus earlier discussions of a couple thousand stores, the analyst tells investors in a research note. The firm estimates this partnership alone could add $400M in revenue and $85M in EBITDA after full rollout. While execution risk remains, the news is "clearly a positive" for Krispy Kreme and investors, providing greater sales visibility for a brand that's been struggling with GLP-1 headlines and softer spend from lower-income consumers, says Citi.
MCD
Mar 26, 2024 | 16:25 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
MCD
Mar 26, 2024 | 12:08 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
MCD
Mar 26, 2024 | 08:57 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Krispy... To see the rest of the story go to thefly.com. See Story Here
CMG
Mar 26, 2024 | 07:58 EDT
Bernstein raised the firm's price target on Chipotle to $3,200 from $2,800 and keeps an Outperform rating on the shares. Citing the recent launch of Chicken Al Pastor and momentum in in-store execution, the firm believes that the fundamental setup for 2024 is stronger and updated its same-store sales growth estimate to about 7% for 2024. The firm expects that Chipotle will reach $4M in average unit volume, or AUV, in five to six years, which it notes is ahead of consensus.