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AMZN

Amazon.com

$964.17

-12.3 (-1.26%)

, WFM

Whole Foods

$33.06

-2.39 (-6.74%)

09:03
06/16/17
06/16
09:03
06/16/17
09:03

Amazon to buy Whole Foods for $13.7B, or $42 per share, in cash

"Millions of people love Whole Foods Market (WFM) because they offer the best natural and organic foods, and they make it fun to eat healthy," said Jeff Bezos, Amazon (AMZN) founder and CEO. "Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades - they're doing an amazing job and we want that to continue." "This partnership presents an opportunity to maximize value for Whole Foods Market's shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers," said John Mackey, Whole Foods Market co-founder and CEO.

AMZN

Amazon.com

$964.17

-12.3 (-1.26%)

WFM

Whole Foods

$33.06

-2.39 (-6.74%)

AMZN Amazon.com
$964.17

-12.3 (-1.26%)

06/16/17
FBRC
06/16/17
NO CHANGE
Target $111
FBRC
Outperform
Carter's positioned for multiple expansion, says FBR Capital
FBR Capital analyst Susan Anderson says shares of Carter's (CRI) have been pressured by concerns over exposure to department stores. The analyst, however, believes the department store weakness is more than offset with Amazon/Skip Hop growth. Further, the analyst thinks the company's Q2 is "trending significantly better" than Q1 based on "solid spendtrend data" for children's. She expects Carter's to see multiple expansion and keeps an Outperform rating on the shares with a $111 price target.
06/15/17
NOMU
06/15/17
NO CHANGE
NOMU
Amazon.com price target raised to $1,100 from $975 at Nomura Instinet
Nomura Instinet analyst Anthony DiClemente says that Amazon's (AMZN) current valuation is "reasonable." The analyst says that, assuming the cloud business is worth $220B, based on a 2020 multiple similar to that given Microsoft (MSFT), while its Prime video business is worth $8B, or 12% of Netflix's (NFLX) current valuation, and its advertising business is worth $27B, or double his estimate of Snap's (SNAP) total valuation, the company's e-commerce business is only being valued at about $210B at current levels. Noting that Wal-Mart (WMT) is currently valued at $280B, the analyst says that Amazon's valuation "is not excessively strencthed." DiClemente raised his 2020 EV/EBITDA multiple for the cloud business to 14x from 13.5x, noting that SAP (SAP), Oracle (ORCL) and Microsoft (MSFT) all had higher multiples at similar points in their histories. The analyst raised his target multiple for Amazon's North America e-commerce business to 13x from 12x, which he says is in-line with Wal-Mart's mean multiple from 1992-2001. He raised his price target on Amazon to $1,100 from $975 and keeps a Buy rating on the stock.
06/15/17
06/15/17
NO CHANGE

FANG fundamentals still strong but stocks may moderate, says Canaccord
Canaccord analyst Michael Graham noted the FANG stocks - Facebook (FB),Amazon (AMZN), Netflix (NFLX), and Google parent Alphabet (GOOG) - outpaced the S&P by a great deal and he feels even though fundamentals remain strong, the shares' momentum may begin to moderate. Graham believes most of the growth opportunities in tech remain with the FANG group but he believes valuations are quite reasonable. He downgraded Alphabet to Hold from Buy and believes that Amazon is the one to own long-term.
06/15/17
NOMU
06/15/17
NO CHANGE
Target $1100
NOMU
Buy
Amazon price target raised to $1,100 from $975 at Nomura Instinet
Nomura Instinet analyst Anthony DiClemente raised his price target on Amazon.com to $1,100 from $975, citing a change in valuation to account for the company's expanding addressable markets as it continues to dominate its core e-commerce business while investing in new areas. Despite EPS and EBITDA forecasts recently moving higher, the stock continues to rise, which DiClemente attributes to optimism for Alexa/AI, the company's large advertising opportunity, and video growth initiatives. He keeps a Buy rating on Amazon shares.
WFM Whole Foods
$33.06

-2.39 (-6.74%)

05/15/17
LOOP
05/15/17
INITIATION
Target $35
LOOP
Hold
Whole Foods initiated with a Hold at Loop Capital
Loop Capital analyst Andrew Wolf started Whole Foods Market (WFM) with a Hold rating and $35 price target. Chains like Kroger (KR) and Costco (COST) are taking most of the growth in natural foods, which leaves few opportunities for natural foods retailers such as Whole Foods, Wolf tells investors in a research note. A takeout of the company in its current fundamental condition would like fetch $40 per share, the analyst adds.
05/12/17
BMOC
05/12/17
NO CHANGE
BMOC
Whole Foods comp sales goals at risk, says BMO Capital
BMO Capital analyst Kelly Bania says that there is risk to Whole Foods' comp sales goals. The goals are partly based on data from affinity programs that were only tested in Philadelphia, Dallas, and four 365 stores, the analyst stated. Additionally, Bania views the company's EBITDA margin target goal as "aggressive." Bania keeps an Underperform rating on the stock.
05/11/17
WELS
05/11/17
UPGRADE
Target $42
WELS
Outperform
Whole Foods upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Zachary Fadem upgraded Whole Foods Market to Outperform saying he now sees "multiple ways to win with limited share downside risk." The analyst sees promise in Whole Foods' new strategic plan and a "greater path to value creation" amid activist pressure. The company seems serious about improving results and shareholder value, Fadem tells investors in a research note. He raised his price target for Whole Foods shares to $42.
05/09/17
RBCM
05/09/17
NO CHANGE
RBCM
Whole Foods Q2 comps, EPS likely to beat expectations, says RBC Capital
After conducting checks, RBC Capital analyst William Kirk says that Whole Foods' comp sales growth accelerated in Q2, while it has also benefited from easing produce deflation. The analyst expects the company's Q2 comp sales growth and EPS to beat expectations. Kirk thinks that any weakness following the results "will be bought" due to "activist pressure" on the company. He reiterates a $42 price target and an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

OTIC

Otonomy

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SCS

Steelcase

$16.30

-0.2 (-1.21%)

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TRGP

Targa Resources

$40.68

-0.73 (-1.76%)

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07:47
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General news
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DHI

D.R. Horton

$33.97

-0.2 (-0.59%)

, FOR

Forestar Group

$16.30

-0.1 (-0.61%)

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FOR

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EPC

Edgewell Personal Care

$75.05

-0.67 (-0.88%)

07:45
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LITE

Lumentum

$62.50

0.05 (0.08%)

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PRIM

Primoris

$23.84

-0.77 (-3.13%)

07:42
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07:42
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Primoris announces new pipeline construction awards valued at about $53M »

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SRSC

Sears Canada

$0.47

-0.115 (-19.69%)

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ORCL

Oracle

$46.33

0.48 (1.05%)

07:41
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Technical Analysis
Technical View: Oracle sharply higher after earnings, analyst actions »

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  • 28

    Jun

FCX

Freeport McMoRan

$11.21

-0.03 (-0.27%)

07:40
06/22/17
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07:40
Periodicals
Freeport Indonesia says Grasberg operations normal despite strike, Reuters says »

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CLVS

Clovis

$94.29

5.61 (6.33%)

07:38
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  • 21

    Jun

FL

Foot Locker

$47.82

-2.51 (-4.99%)

, NKE

Nike

$52.59

1.03 (2.00%)

07:38
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FL

Foot Locker

$47.82

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NKE

Nike

$52.59

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AMZN

Amazon.com

$1,002.23

9.64 (0.97%)

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  • 28

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BA

Boeing

$199.17

0.84 (0.42%)

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AQMS

Aqua Metals

$11.95

-0.36 (-2.92%)

07:36
06/22/17
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Initiation
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VLO

Valero

07:36
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06/22
07:36
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07:36
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  • 26

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TWTR

Twitter

$17.78

0.87 (5.14%)

, CHK

Chesapeake

$4.52

-0.39 (-7.94%)

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TWTR

Twitter

$17.78

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CHK

Chesapeake

$4.52

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NKE

Nike

$52.59

1.03 (2.00%)

ORCL

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PFE

Pfizer

$33.88

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HAL

Halliburton

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MAT

Mattel

$19.99

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WPX

WPX Energy

$8.71

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FMSA

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OTIC

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ADS

Alliance Data

$258.94

0.84 (0.33%)

, VOLVY

Volvo

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$258.94

0.84 (0.33%)

VOLVY

Volvo

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  • 20

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DERM

Dermira

$30.41

0.77 (2.60%)

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WAT

Waters

$185.43

1.15 (0.62%)

, SHPG

Shire

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  • 26

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AUY

Yamana Gold

$2.43

0.07 (2.97%)

, BBY

Best Buy

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HPQ

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SEAS

SeaWorld

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  • 29

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KMDA

Kamada

$7.50

-0.05 (-0.66%)

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  • 29

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ORCL

Oracle

$46.33

0.49 (1.07%)

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  • 28

    Jun

CATM

Cardtronics

$32.24

-0.72 (-2.18%)

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ORCL

Oracle

$46.33

0.49 (1.07%)

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  • 28

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