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COST

Costco

$180.06

-1.61 (-0.89%)

, AMZN

Amazon.com

$964.17

-12.3 (-1.26%)

09:19
06/16/17
06/16
09:19
06/16/17
09:19

Costco drops 4% to $173.33 after Amazon acquires Whole Foods

COST

Costco

$180.06

-1.61 (-0.89%)

AMZN

Amazon.com

$964.17

-12.3 (-1.26%)

WFM

Bought by AMZN

$33.06

-2.39 (-6.74%)

COST Costco
$180.06

-1.61 (-0.89%)

05/26/17
FBCO
05/26/17
NO CHANGE
Target $195
FBCO
Outperform
Costco price target raised to $195 after 'bounce-back quarter' at Credit Suisse
Credit Suisse analyst Edward Kelly noted that Costco followed up a "disappointing" Q2 performance with a "much better" Q3, noting that its new card continued to contribute while core merchandise margin also improved and fuel turned into a tailwind. The quarterly report was "clearly positive," comparisons remain fairly easy in the near-term and Costco's performance is notable given the landscape of other "structurally challenged retail names," which suggests the stock could still have legs, Kelly tells investors. He raised his price target to $195 from $187 and keeps an Outperform rating on Costco shares.
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.
05/01/17
CLVD
05/01/17
NO CHANGE
CLVD
Costco April sales slightly softer versus March, says Cleveland Research
Cleveland Research said Costco's April sales are slightly softer versus March ex-Easter shift, but still in line with channel expectations. The firm said Costco has been focused on price/value recently, which could incrementally pressure gross margins.
04/21/17
04/21/17
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. Costco (COST) upgraded to Overweight from Equal Weight at Barclays with analyst Karen Short citing a survey by the firm where results showed analytically that Costco (COST) is "very protected" from Amazon (AMZN). 2. CSX (CSX) was upgraded to Buy from Hold at Aegis and to Outperform from Market Perform at Raymond James. 3. Gigamon (GIMO) upgraded to Buy from Hold at Stifel with analyst Patrick Newton citing valuation and his belief that the company has a number of potential positive catalysts, including the 100G upgrade cycle at T-Mobile (TMUS), in-line SSL decryption, and the potential for reduced competition from Ixia (XXIA). 4. Skechers (SKX) upgraded to Buy from Neutral at B. Riley with analyst Jeff Van Sinderen citing "strong" international growth and worldwide comps following the company's better than expected first quarter results. The analyst raised his price target for the shares to $32 from $28. 5. Quest Diagnostics (DGX) upgraded to Outperform from Market Perform at Raymond James with analyst Nicholas Jansen saying Quest has delivered two strait quarters of high single digit adjustment EBIT growth and sees room for sustained mid-to-high single digit growth driven by improved commercial execution, strengthening health system relationships and outreach deals, and invigorate programs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AMZN Amazon.com
$964.17

-12.3 (-1.26%)

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
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.
06/16/17
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.
06/16/17
KEYB
06/16/17
NO CHANGE
KEYB
Microsoft to benefit from cloud expansion, says KeyBanc
KeyBanc says that spending on the cloud could triple to $239B within five years, and the firm says that Microsoft (MSFT) "has the most to gain," as it thinks that the company is poised to surpass Amazon (AMZN) to become the sector leader. KeyBanc keeps a $78 price target and an Overweight rating on Microsoft.
WFM Bought by AMZN
$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.
05/09/17
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.
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.
05/12/17
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.

TODAY'S FREE FLY STORIES

AVA

Avista

$51.40

0.1 (0.19%)

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BMWYY

BMW

$34.00

0.083 (0.24%)

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CSCO

Cisco

$33.37

0.67 (2.05%)

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BMY

Bristol-Myers

$63.36

0.03 (0.05%)

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INSE

Inspired Entertainment

$13.60

0.3 (2.26%)

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MNOV

MediciNova

$6.18

0.3 (5.10%)

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Breaking Syndicate news story on MediciNova »

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ISRG

Intuitive Surgical

$1,031.52

1.31 (0.13%)

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Conference/Events
Intuitive Surgical to host special shareholder meeting »

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GD

General Dynamics

$205.41

-0.31 (-0.15%)

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CHRS

Coherus Biosciences

$12.85

0.3 (2.39%)

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Breaking Syndicate news story on Coherus Biosciences »

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FIBK

First Interstate

$36.90

0.3 (0.82%)

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Syndicate
First Interstate files to sell $250M of Class A common stock »

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NRCIA

National Research, also tag NRCIB

$37.45

0.55 (1.49%)

, NRCIB

National Research, also tag NRCIA

$54.30

0.31 (0.57%)

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$37.45

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National Research, also tag NRCIA

$54.30

0.31 (0.57%)

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CC

Chemours

$51.79

-0.16 (-0.31%)

, HON

Honeywell

$141.75

0.89 (0.63%)

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HON

Honeywell

$141.75

0.89 (0.63%)

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AGN

Allergan

$204.65

1.99 (0.98%)

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HON

Honeywell

$141.75

0.89 (0.63%)

, CC

Chemours

$51.79

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JOE

Saint Joe Co.

$18.60

0.45 (2.48%)

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A

Agilent

$65.78

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MRK

Merck

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TYHT

Shineco

$3.23

-0.45 (-12.23%)

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

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RNVA

Rennova Health

$0.22

0.0086 (4.07%)

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

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16:30
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Options
Preliminary option volume of 13.9M today »

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EKSO

Ekso Bionics

$1.28

0.14 (12.28%)

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UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

, AET

Aetna

$153.57

0.18 (0.12%)

16:22
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On The Fly: Top stock stories for Friday »

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UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

AET

Aetna

$153.57

0.18 (0.12%)

ANTM

Anthem

$182.86

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CI

Cigna

$182.74

0.61 (0.33%)

AAPL

Apple

$151.89

-1.5 (-0.98%)

FSLR

First Solar

$51.41

2.65 (5.43%)

FINL

Finish Line

$9.73

0.51 (5.53%)

ASND

Ascendis Pharma

$34.24

6.5 (23.43%)

VSAR

Versartis

$2.68

-18.925 (-87.62%)

ICPT

Intercept

$61.59

-12.11 (-16.43%)

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DLR

Digital Realty

$114.51

-1.72 (-1.48%)

16:19
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Breaking Syndicate news story on Digital Realty »

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