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Fly News Breaks for December 12, 2019
FDX, KR, SBUX, GE, HD
Dec 12, 2019 | 10:08 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Home Depot (HD) upgraded to Outperform from Neutral at Credit Suisse with analyst Seth Sigman saying he believes Home Depot offers an attractive risk/reward after its recent pullback and Wednesday's guidance reset, with optionality on improving external and internal drivers in FY20. 2. General Electric (GE) upgraded to Buy from Neutral at UBS with analyst Markus Mittermaier saying the shares are at a "positive inflection point" into 2020 given GE's successful de-levering, "strong" estimated earnings growth in 2020 and 2021, and a tripling of free cash flow to $2.3B next year led by Aviation and Healthcare. 3. Starbucks (SBUX) upgraded to Overweight from Neutral at JPMorgan with analyst John Ivankoe saying he sensed a high degree of confidence that Starbucks' "growth at scale" agenda is working in the near and medium term, meeting if not exceeding set sales and margin objectives. 4. Kroger (KR) upgraded to Outperform from In Line at Evercore ISI. 5. EST FedEx (FDX) upgraded to Neutral from Sell at UBS with analyst Thomas Wadewitz saying his Sell thesis has essentially played out as fiscal 2020 earnings expectations have fallen sharply and the stock has also moved down. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For HD;GE;SBUX;KR;FDX From the Last 2 Days
SBUX
Apr 26, 2024 | 13:49 EDT
Starbucks held deal talks with the Workers United union over a two-day session in Atlanta, with plans to meet once more late next month, Reuters' Savyata Mishra reports. The two parties started negotiations this week on what they called a "foundational framework" to guide union organizing and collective bargaining across the U.S., the author notes. Reference Link
GE
Apr 25, 2024 | 06:36 EDT
Citi raised the firm's price target on GE Aerospace to $186 from $120.43 and keeps a Buy rating on the shares. The company's' Q1 was better than expected and it modestly increased its full-year EBIT outlook, the analyst tells investors in a research note. The firm says commercial aftermarket demand remains robust.
KR
Apr 24, 2024 | 15:11 EDT
VP of Kroger, Mary Ellen Adcock, disclosed the sale of 82,806 shares of company stock at $55.61 per share on April 23, for a total transaction amount of $4,605,189.
GE
Apr 24, 2024 | 06:58 EDT
BofA analyst Ronald Epstein raised the firm's price target on GE Aerospace to $180 from $165 and keeps a Buy rating on the shares. GE boasts a unique portfolio with exposure across aircraft manufacturers, aircraft classes, legacy/new/nextgen platforms, and aftermarket/OE customers, says the firm, which believes GE is "strongly positioned to benefit from secular commercial aero growth."