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Fly News Breaks for July 26, 2016
TXN, LUV, SFM, KR, SBUX
Jul 26, 2016 | 10:25 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Starbucks (SBUX) upgraded to Conviction Buy from Buy at Goldman with analyst Karen Holthouse saying she views the stock's current valuation as favorable relative to the S&P 500. 2. Kroger (KR) upgraded to Conviction Buy from Neutral at Goldman with analyst Stephen Tanal saying he is constructive on Kroger's long-term prospects given its entrenched, multi-local dominant position, and defensiveness and said Kroger leverages data and technology that is years ahead of the competition to drive sales effective promotions, investments in price, on-trend merchandising, and a strong in-store experience. 3. Sprouts Farmers Markets (SFM) upgraded to Buy from Sell at Goldman with analyst Stephen Tanal saying it is a disruptive player in grocery, making healthy living available to the masses. 4. Southwest (LUV) upgraded to Buy from Hold at Evercore ISI with analyst Duane Pfennigwerth citing significant recent underperformance, attractive valuation, balance sheet strength, and long-term revenue enhancement potential. 5. Texas Instruments (TXN) upgraded to Buy from Neutral at BofA/Merrill with analyst Vivek Arya saying the company's strong second quarter report and outlook addressed near-term concerns regarding the impact from Brexit on autos/industrial. 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 SBUX;KR;SFM;LUV;TXN From the Last 2 Days
KR
Mar 28, 2024 | 09:53 EDT
Telsey Advisory analyst Joseph Feldman raised the firm's price target on Kroger to $62 from $60 and keeps an Outperform rating on the shares. The firm's meetings with Kroger and investors have increased the firm's visibility and confidence in Kroger's sustainable long-term growth opportunity, the analyst tells investors. Further, Kroger is transitioning to a food-first model from traditional food retail. This transition should create new growth areas that are significantly more profitable than food retail and should boost the profit profile over time, the firm adds.