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Fly News Breaks for January 8, 2020
WMT, TGT, DG, JWN, TSCO, BJ, FIVE, DLTR
Jan 8, 2020 | 17:32 EDT
Gordon Haskett analysts Chuck Grom, John Parke, and Garrett Greenblatt have updated the firm's 'Shades of Grey' portfolio by downgrading four stocks -- Dollar Tree (DLTR) to Reduce from Accumulate, Five Below (FIVE) to Accumulate from Buy, BJ's (BJ) to Hold from Buy, and Tractor Supply (TSCO) to Accumulate from Buy -- and upgrading one stock -- Nordstrom (JWN) to Accumulate from Hold. They also called Dollar General (DG), Target (TGT), and Walmart (WMT) their top ideas. The analysts said the recalibrations were made "very cautiously" and receommended leaning into the new year slowly until more data is released and we have a better grasp on the Q4 and holiday results, 2020 guidance, and overall positioning. The analysts added that they are "sticking to [their] playbook, which is rooted in identifying companies in good retail verticals with strong company-specific comp/GPM drivers to support profitable market share gains."
News For DLTR;FIVE;BJ;TSCO;JWN;DG;TGT;WMT From the Last 2 Days
WMT
Mar 28, 2024 | 16:23 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
WMT
Mar 28, 2024 | 12:00 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
WMT
Mar 28, 2024 | 09:50 EDT
After Walmart (WMT) and Vizio (VZIO) pulled and refiled their notification under the Hart-Scott-Rodino Act Wednesday, Dealreporter told its readers that the move "may have investors wondering if this could become another Amazon (AMZN) and iRobot (IRBT) situation," contacts tell The Fly. While the M&A-focused publication said "there are traces of that same dynamic here," it added that "this pull-and-refile suggests this deal is on stronger footing than AMZN-IRBT," according to contacts. The news service sees "a genuine chance that this deal could get a prolonged look from regulators due to some of the similar dynamics at play compared to IRBT and AMZN," it reportedly said.
DG
Mar 28, 2024 | 09:25 EDT
Argus raised the firm's price target on Dollar General to $175 from $160 and keeps a Buy rating on the shares. The firm cites the company's Q4 earnings beat earlier this month, along with its strong record of growing comparable sales. Dollar Genera is currently facing a more difficult operating environment than anticipated, but Argus is optimistic about the company's prospects with returning CEO Todd Vasos, the analyst tells investors in a research note.