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MIK

Michaels

$18.79

0.07 (0.37%)

08:42
06/16/17
06/16
08:42
06/16/17
08:42

Michaels risk/reward positive, says Morgan Stanley

Morgan Stanley analyst Simeon Gutman was positively surprised by the yesterday's investor meeting saying he did not fully appreciate the amount of innovation across the enterprise, merchandising, shopping experience, omni channel, and business opportunities. The analyst expects Q3 comps of +2%, which will enhance management credibility, demonstrate the stability of the business, and boost confidence. Gutman views Michaels' risk/reward as positive and reiterates his Overweight rating and $29 price target ahead of a same-store-sales rebound in the second half.

MIK Michaels
$18.79

0.07 (0.37%)

03/27/17
03/27/17
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. Michaels (MIK) downgraded to Neutral from Overweight at Piper Jaffray with analyst Peter Keith citing his firm's Spring women's survey which showed 30%-40% of arts and crafts purchases are completed online. Further, the analyst's pricing analysis versus Amazon (AMZN) suggests Michaels is at a "notable premium" on 50 like-for-like items. Keith sees potential for price investment by Michaels over the coming years to make itself more competitive with Amazon. 2. Intuit (INTU) downgraded to Buy from Conviction Buy at Goldman with analyst Jesse Hulsing citing the more challenging Consumer Tax environment. Software/do-it-yourself share gains versus assisted are down versus prior years, including Intuit's, the analyst wrote. As a result, Hulsing lowered Inuit estimates and trimmed its price target to $134 from $135. 3. GameStop (GME) downgraded to Neutral from Buy at Hilliard Lyons with analyst Jeffrey Thomison saying 2017 guidance was "underwhelming" and he has increased concerns regarding the core video game retailing business. 4. Morgan Stanley (MS) downgraded to Sell from Neutral at Compass Point with analyst Charles Peabody saying he views shares as overvalued based on the elongated trajectory towards earning a competitive ROE and most of the benefits of Project Streamline have been priced in or realized. 5. KB Home (KBH) downgraded on valuation at JMP Securities with analyst Peter Martin downgraded the stock based on 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.
03/27/17
PIPR
03/27/17
DOWNGRADE
Target $20
PIPR
Neutral
Michaels downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Peter Keith downgraded The Michaels Companies (MIK) to Neutral after his firm's Spring women's survey showed 30%-40% of arts and crafts purchases are completed online. Further, the analyst's pricing analysis versus Amazon (AMZN) suggests Michaels is at a "notable premium" on 50 like-for-like items. Keith sees potential for price investment by Michaels over the coming years to make itself more competitive with Amazon.
03/08/17
03/08/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Michaels (MIK) upgraded to Buy from Neutral at BofA/Merrill with analyst Denise Chai saying fundamentals have hit an inflection point. The analyst expects comps to improve in the second half as it is up against easy compares due to the disruption from adding flexible merchandise space to stores and the election. 2. AvalonBay (AVB) upgraded to Buy from Neutral at BofA/Merrill with analyst Juan Sanabria saying its diversified portfolio is well positioned relative to peers with its concentrated Class A, and urban core supply. 3. Weatherford (WFT) upgraded to Neutral from Sell at Clarksons Platou. 4. Bellatrix Exploration (BXE) upgraded to Speculative Buy from Hold at Canaccord with analyst Anthony Petrucci citing improved risk/reward profile. The analyst cited improved overall reserve levels and better than expected reserve value. Petrucci lowered his price target to C$1.50 from C$1.60 on Bellatrix Exploration shares. 5. ManTech (MANT) upgraded to Buy from Hold at Maxim with analyst Brian Kinstlinger saying he views the company's contract awards over the last two years as a sign that demand is strengthening and believes ManTech will gain market share. Trump administration policies will likely lead to strong market growth in 2018 and 2019, added Kinstlinger, who keeps a $44 price target on ManTech shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/08/17
BOFA
03/08/17
UPGRADE
Target $28
BOFA
Buy
Michaels upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Denise Chai upgraded Michaels to Buy and raised its price target to $28 from $23 following the better than expected Q4 report saying fundamentals have hit an inflection point. The analyst expects comps to improve in 2H as it is up against easy compares due to the disruption from adding flexible merchandise space to stores and the election. Chai expects business momentum to improve throughout the year due to new exclusives, increased in-store classes, and loyalty program growth.

TODAY'S FREE FLY STORIES

SLM

Sallie Mae

$11.49

0.02 (0.17%)

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SLM

Sallie Mae

$11.49

0.02 (0.17%)

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VZ

Verizon

$51.72

0.06 (0.12%)

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  • 23

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VZ

Verizon

$51.72

0.06 (0.12%)

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  • 23

    Jan

BELFA

Bel Fuse

, BELFB

Bel Fuse

$24.70

0.25 (1.02%)

16:39
01/17/18
01/17
16:39
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16:39
Earnings
Bel Fuse anticipates Q4 revenue $120M, 1 estimate $124M »

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BELFA

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BELFB

Bel Fuse

$24.70

0.25 (1.02%)

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API crude inventories for week of January 12 »

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SLM

Sallie Mae

$11.49

0.02 (0.17%)

16:36
01/17/18
01/17
16:36
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16:36
Earnings
Sallie Mae sees initial FY18 EPS 97c-$1.01, consensus $1.04 »

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  • 18

    Jan

AMGP

Antero Midstream GP

$20.89

-0.11 (-0.52%)

16:36
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Antero Midstream GP provides distribution guidance for 2018 through 2022 »

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  • 18

    Jan

AR

Antero Resources

16:36
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Hot Stocks
Antero Resources sees FY18 CapEx $1.45B »

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  • 18

    Jan

AR

Antero Resources

16:35
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01/17
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Hot Stocks
Antero Resources sees Q4 net daily gas equivalent production 2,347 MMcfe/d »

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  • 18

    Jan

HBHC

Hancock Holding

$54.45

0.9 (1.68%)

16:35
01/17/18
01/17
16:35
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16:35
Earnings
Hancock Holding reports Q4 EPS with items 64c, consensus 83c »

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  • 18

    Jan

SLM

Sallie Mae

$11.49

0.02 (0.17%)

16:34
01/17/18
01/17
16:34
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16:34
Earnings
Sallie Mae reports Q4 core EPS 10c, consensus 19c »

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  • 18

    Jan

AR

Antero Resources

16:34
01/17/18
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Hot Stocks
Antero Resources sees net daily production approximately 2.7 Bcfe/d in 2018 »

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  • 18

    Jan

AM

Antero Midstream Partners

$30.95

-0.8 (-2.52%)

16:33
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16:33
Hot Stocks
Antero Midstream Partners provides 2018 and long-term target guidance »

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  • 18

    Jan

SBOW

SilverBow Resources

$31.48

0.52 (1.68%)

16:32
01/17/18
01/17
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16:32
Hot Stocks
SilverBow Resources sees 2018 capital program of $245M-$265M »

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  • 23

    Jan

  • 24

    Jan

RDN

Radian Group

$22.26

0.13 (0.59%)

16:31
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16:31
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Radian Group updates on capital actions »

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HES

Hess Corp.

$54.02

0.48 (0.90%)

16:30
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Initiation
Hess Corp. initiated  »

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  • 05

    Feb

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Options
Preliminary option volume of 23.6M today »

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AAPL

Apple

$179.10

2.91 (1.65%)

, JUNO

Juno Therapeutics

$69.25

23.65 (51.86%)

16:25
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AAPL

Apple

$179.10

2.91 (1.65%)

JUNO

Juno Therapeutics

$69.25

23.65 (51.86%)

CELG

Celgene

$102.02

-2.8 (-2.67%)

BLUE

bluebird bio

$175.25

11.9 (7.29%)

BLCM

Bellicum Pharmaceuticals

$8.45

-0.01 (-0.12%)

CLLS

Cellectis

$30.19

2.41 (8.68%)

BAC

Bank of America

$31.18

-0.06 (-0.19%)

GS

Goldman Sachs

$253.65

-4.81 (-1.86%)

BA

Boeing

$351.01

15.85 (4.73%)

ERJ

Embraer

$24.69

-0.09 (-0.36%)

GT

Goodyear Tire

$34.37

0.87 (2.60%)

PSTG

Pure Storage

$17.89

1.73 (10.71%)

F

Ford

$12.18

-0.92 (-7.02%)

FAST

Fastenal

$52.20

-3.24 (-5.84%)

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  • 17

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    Jan

  • 17

    Jan

  • 18

    Jan

  • 18

    Jan

  • 24

    Jan

  • 25

    Jan

  • 25

    Jan

  • 31

    Jan

  • 31

    Jan

  • 01

    Feb

  • 15

    Feb

  • 16

    Feb

  • 21

    Feb

  • 26

    Feb

  • 14

    Mar

  • 25

    Mar

PTC

PTC

$66.77

1.5 (2.30%)

16:23
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16:23
Hot Stocks
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  • 17

    Jan

MRC

MRC Global

, DCP

DCP Midstream

$41.61

0.05 (0.12%)

16:23
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01/17
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16:23
Hot Stocks
MRC Global renews PVF distribution framework agreement with DCP Midstream »

MRC Global (MRC)…

MRC

MRC Global

DCP

DCP Midstream

$41.61

0.05 (0.12%)

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  • 16

    Feb

PLXS

Plexus

$64.36

0.59 (0.93%)

16:22
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01/17
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Earnings
Plexus sees Q2 GAAP diluted EPS 68c-78c, consensus 82c »

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  • 18

    Jan

  • 07

    Feb

NMRK

Newmark

$16.06

0.07 (0.44%)

16:22
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Hot Stocks
Newmark Knight Frank announces new venture with E Smith Legacy Holdings »

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  • 09

    Feb

NEOT

Neothetics

$1.92

0.0793 (4.31%)

16:21
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Hot Stocks
Neothetics closes merger with Evofem »

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