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AMZN

Amazon.com

$902.06

2.86 (0.32%)

07:19
04/21/17
04/21
07:19
04/21/17
07:19

Amazon.com opening three additional New Jersey fulfillment centers

Amazon.com announced plans to open three additional fulfillment centers in New Jersey. The new sites in Cranbury Township, Edison and Logan Township will create more than 2,500 new, full-time jobs.

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    Apr

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    Apr

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    May

AMZN Amazon.com
$902.06

2.86 (0.32%)

04/20/17
WOLF
04/20/17
DOWNGRADE
WOLF
Peer Perform
Amazon downgraded by Wolfe Research with 'retail bloodbath' seen ahead
As previously reported, Wolfe Research downgraded Amazon.com to Peer Perform from Outperform. Analyst Scott Mushkin said shares are approaching his price target and he expects increasing competition through year-end. He expects next year to be a "bloodbath" in retail due to increased competition from Wal-Mart (WMT), traditional consumable operators, and other broadlines/specialty retailers, leading to a deceleration in Amazon sales, he tells investors. Mushkin reduced his FY17 earnings estimate to $6.52 from $6.63 and FY18 to $9.92 from $10.09 due mostly to lowered expectations in North America.
04/20/17
04/20/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Amazon.com (AMZN) downgraded to Peer Perform from Outperform at Wolfe Research with analyst Scott Mushkin saying shares are approaching his price target and he expects increasing competition through year-end. 2. Time Warner (TWX) downgraded to Hold from Buy at Pivotal Research with analyst Brian Wieser saying shares are trading near the value of AT&T's (T) offering price. 3. Molson Coors (TAP) downgraded to Market Perform from Outperform at Cowen with analyst Vivien Azer citing expectations for persistent beer volume headwinds. The analyst believes alcohol consumption could be pressured for at least the next decade, partly due to increased cannabis use, and a contraction in the alcohol cycle. Azer said Molson is uniquely exposed to the increasingly vibrant and growing cannabis markets and notes there is an inverse relationship between cannabis use and alcohol consumption over time. 4. eBay (EBAY) downgraded to Neutral from Buy at Monness Crespi with analyst James Cakmak saying he sees insufficient upside to estimates to justify the lofty valuation. The analyst said the path to double-digit growth may be pushed out 2019 and limited potential to outperform topline expectations in 2017. Further, the analyst sees margin pressures from product mix towards StubHub and rising development spend for the backend, and limited opportunities for multiple expansion. 5. Ruth's Hospitality (RUTH) downgraded to Market Perform from Outperform at Raymond James with analyst Brian Vaccaro citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/21/17
LEHM
04/21/17
UPGRADE
Target $185
LEHM
Overweight
Costco upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Karen Short upgraded Costco Wholesale (COST) to Overweight after her survey of 800 customers indicated more than 80% of them go to Costco stores specifically for food. This suggests the company is "very protected" from Amazon (AMZN), Short tells investors in a research note. The analyst expects Costco's traffic to accelerate amid easing comparisons into the second half of the year. Short also sees the potential for a special dividend from a tax break on foreign cash repatriation. She raised her price target for the shares to $185 from $170.
04/21/17
PIPR
04/21/17
NO CHANGE
Target $1000
PIPR
Overweight
Amazon.com Q2 margin guidance may miss consensus, says Piper Jaffray
Piper Jaffray analyst Michael Olson expects Amazon.com on April 27 to report Q1 results in-line with expectations. He believes, however, that its Q2 margin guidance may be slightly below consensus. This is consistent with most investor expectations, Olson tells investors in a pre-earnings research note. The analyst believes long-term investors should own Amazon through the Q1 earnings report. He reiterates an Overweight rating on the shares with a $1,000 price target.

TODAY'S FREE FLY STORIES

SND

Smart Sand

$6.42

0.04 (0.63%)

10:54
09/20/17
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Conference/Events
Smart Sand participates in a conference call with Johnson Rice »

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

10:53
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Recommendations
Bed Bath & Beyond analyst commentary  »

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NOV

National Oilwell

$35.37

0.19 (0.54%)

10:52
09/20/17
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10:52
Options
National Oilwell calls outpace puts 18:1 as shares jump »

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ZLAB

Zai Lab

10:51
09/20/17
09/20
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10:51
Syndicate
Breaking Syndicate news story on Zai Lab »

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STX

Seagate

$32.18

-1.34 (-4.00%)

10:50
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09/20
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10:50
Options
Short-term calls on Seagate see interest for a second time this week »

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TFX

Teleflex

$237.42

-2.3252 (-0.97%)

10:47
09/20/17
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10:47
Conference/Events
Teleflex management to meet with JMP Securities »

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OFIX

Orthofix

$48.51

-0.49 (-1.00%)

10:45
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09/20
10:45
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10:45
Conference/Events
Orthofix management to meet with JMP Securities »

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PFE

Pfizer

$35.93

0.475 (1.34%)

10:45
09/20/17
09/20
10:45
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10:45
Options
Pfizer call volume above normal and directionally bullish »

Bullish option flow…

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10:45
09/20/17
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General news
Euro$ interest rate futures are relatively buoyant »

Euro$ interest rate…

ZLAB

Zai Lab

10:44
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10:44
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10:44
Syndicate
Breaking Syndicate news story on Zai Lab »

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NKTR

Nektar

$21.75

-0.85 (-3.76%)

10:44
09/20/17
09/20
10:44
09/20/17
10:44
Conference/Events
Nektar management to meet with Jefferies »

Meeting to be held in San…

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MAT

Mattel

$15.05

0.18 (1.21%)

, HAS

Hasbro

$94.99

1.75 (1.88%)

10:44
09/20/17
09/20
10:44
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10:44
Hot Stocks
Toymakers in focus after Toys"R"Us files for bankruptcy, Amazon could benefit »

Shares of toymakers,…

MAT

Mattel

$15.05

0.18 (1.21%)

HAS

Hasbro

$94.99

1.75 (1.88%)

JAKK

JAKKS Pacific

$2.83

-0.025 (-0.88%)

KKR

KKR

$19.24

0.15 (0.79%)

VNO

Vornado

$73.34

-0.03 (-0.04%)

AMZN

Amazon.com

$969.86

-4.33 (-0.44%)

WMT

Wal-Mart

$80.29

0.24 (0.30%)

JPM

JPMorgan

$94.12

0.18 (0.19%)

03/08/13
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MODN

Model N

$13.35

-0.15 (-1.11%)

10:43
09/20/17
09/20
10:43
09/20/17
10:43
Conference/Events
Model N management to meet with Craig Hallum »

Meeting to be held in…

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MMM

3M

$210.50

-3.06 (-1.43%)

10:43
09/20/17
09/20
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Hot Stocks
Analyst says sell 3M amid slowdown in autos, electronics »

JPMorgan downgraded 3M…

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  • 24

    Oct

ODP

Office Depot

$4.35

-0.07 (-1.58%)

, ADP

ADP

$107.48

0.93 (0.87%)

10:42
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Hot Stocks
Office Depot says David Bleisch joins as Chief Legal Officer »

Office Depot (ODP)…

ODP

Office Depot

$4.35

-0.07 (-1.58%)

ADP

ADP

$107.48

0.93 (0.87%)

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ZLAB

Zai Lab

10:40
09/20/17
09/20
10:40
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10:40
Syndicate
Zai Lab indicated to open at $23, IPO priced at $18 »

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10:40
09/20/17
09/20
10:40
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General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

APC

Anadarko

$44.64

0.88 (2.01%)

10:35
09/20/17
09/20
10:35
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10:35
Options
Anadarko put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 27

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JCOM

j2 Global

$73.37

-1.52 (-2.03%)

10:35
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10:35
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10:35
Conference/Events
j2 Global management to meet with JMP Securities »

Meeting to be held in San…

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  • 22

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PFE

Pfizer

$35.85

0.4 (1.13%)

, JNJ

Johnson & Johnson

$133.60

-1.62 (-1.20%)

10:34
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10:34
Hot Stocks
Pfizer takes J&J to court as analysts shake up pharma ratings »

Morgan Stanley analyst…

PFE

Pfizer

$35.85

0.4 (1.13%)

JNJ

Johnson & Johnson

$133.60

-1.62 (-1.20%)

LLY

Eli Lilly

$82.24

0.505 (0.62%)

NVS

Novartis

$86.11

0.26 (0.30%)

ABBV

AbbVie

$86.90

0.53 (0.61%)

BMY

Bristol-Myers

$63.08

0.1532 (0.24%)

AGN

Allergan

$211.28

-3.725 (-1.73%)

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10:31
09/20/17
09/20
10:31
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10:31
General news
Crude inventories for week of September 15 »

Crude oil inventories…

PYPL

PayPal

$63.83

0.91 (1.45%)

10:30
09/20/17
09/20
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10:30
Recommendations
PayPal analyst commentary  »

PayPal price target…

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10:30
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09/20
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General news
The 1.7% U.S. August existing home sales drop »

The 1.7% U.S. August…

AAXN

Axon

$22.07

-0.33 (-1.47%)

10:29
09/20/17
09/20
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10:29
Periodicals
Studies about Taser's safety were overstated, Reuters reports »

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BIIB

Biogen

$317.93

-0.25 (-0.08%)

, CBAY

CymaBay

10:29
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09/20
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Initiation
On The Fly: Top five analyst initiations »

Catch up on today's…click here.

BIIB

Biogen

$317.93

-0.25 (-0.08%)

CBAY

CymaBay

EVH

Evolent Health

$16.18

0.5299 (3.39%)

EPZM

Epizyme

$19.25

1.4 (7.84%)

INTU

Intuit

$145.34

1.54 (1.07%)

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