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COST

Costco

$167.11

-12.95 (-7.19%)

, AMZN

Amazon.com

$987.71

23.54 (2.44%)

05:36
06/19/17
06/19
05:36
06/19/17
05:36

Costco downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst Paul Trussell downgraded Costco (COST) to Hold and lowered his price target for the shares to $172 from $187. Positive pipeline catalysts have played out while competition is intensifying with Amazon.com (AMZN) and Wal-Mart (WMT) accelerating in-store and online efforts, Trussell tells investors in a research note titled "Past Its Prime? Downgrade to Hold." He believes Amazon's acquisition of Whole Foods (WFM) is a "game changer" for Costco's "competitive moat in grocery."

COST

Costco

$167.11

-12.95 (-7.19%)

AMZN

Amazon.com

$987.71

23.54 (2.44%)

WMT

Wal-Mart

$75.24

-3.67 (-4.65%)

WFM

Bought by AMZN

$42.68

9.62 (29.10%)

  • 20

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  • 23

    Aug

COST Costco
$167.11

-12.95 (-7.19%)

06/16/17
06/16/17
DOWNGRADE

Neutral
Costco downgraded to Neutral from Conviction Buy at Goldman Sachs
As previously reported, Goldman downgraded Costco (COST) to Neutral from Conviction Buy and lowered its price target to $176 from $197. Analyst Matthew Fassler believes Costco's valuation will be capped due to Amazon's (AMZN) ongoing moves into consumables, online investments by Wal-Mart (WMT) and fading fundamental catalysts. He believes Amazon will offer superior pricing and delivery competency versus incumbents but does not anticipate meaningful erosion in warehouse business trends any time soon.
06/16/17
GSCO
06/16/17
DOWNGRADE
GSCO
Neutral
Costco downgraded to Neutral from Conviction Buy at Goldman Sachs
06/16/17
BARD
06/16/17
NO CHANGE
BARD
Wal-Mart, Costco weakness on Amazon news a buying opportunity, says Baird
Baird analyst Peter Benedict said he we views Amazon's (AMZN) deal to buy Whole Foods (WFM) as reinforcing the value of local distribution and he believes Wal-Mart (WMT) and Costco (COST) are particularly well positioned to compete in the omni-channel grocery market. The analyst, who recommends using today's weakness in those two stocks as a buying opportunity, keeps an Outperform rating on both, while maintaining a Neutral rating on Target (TGT), noting that he thinks today's news "raises the bar" on its need to find an effective strategy to turn its grocery business.
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.
AMZN Amazon.com
$987.71

23.54 (2.44%)

06/16/17
JEFF
06/16/17
NO CHANGE
Target $88
JEFF
Buy
Wal-Mart should be rallying on Whole Foods takeover, says Jefferies
Jefferies analyst Daniel Binder views the "knee-jerk" selloff in Wal-Mart (WMT) shares following Amazon's (AMZN) acquisition of Whole Foods (WFM) as overdone. The deal suggests having a store base in food "is important after all," Binder tells investors in a research note. Investors should be buying Wal-Mart today, not "taking it to the woodshed," the analyst argues. The company has roughly 4,500 points of distribution in food while Amazon just bought 461, Binder writes in a research note titled "Stores Are Important After All!." He recommends buying Wal-Mart on the weakness today and keeps a Buy rating on the name with an $88 price target. The retailing giant is down 5%, or $3.67, to $75.24 in afternoon trading.
06/16/17
PIPR
06/16/17
NO CHANGE
Target $1200
PIPR
Overweight
Piper reiterates $1,200 target on Amazon following Whole Foods deal
Piper Jaffray analyst Michael Olson believes the importance of Amazon's (AMZN) acquisition of Whole Foods (WFM) centers on the accelerations in its grocery strategy. Amazon's proximity to the U.S. consumer with grocery delivery range locations will increase from 20%-30% to near ubiquity, which "significantly" accelerates its grocery go-to-market, Olson tells investors in a research note titled "The Future of Grocery is Bright, Disruptive and Amazon's." Further, he believes Whole Foods' localized sourcing can "significantly improve" Amazon's grocery SKU quality. He reiterates an Overweight rating on Amazon with a $1,200 price target.
WMT Wal-Mart
$75.24

-3.67 (-4.65%)

06/16/17
LEHM
06/16/17
UPGRADE
Target $48
LEHM
Overweight
Barclays upgrades Whole Foods on potential for bidding war
As previously reported, Barclays analyst Karen Short upgraded Whole Foods (WFM) to Overweight from Equal Weight and raised her price target on the stock to $48 from $38, telling investors that she would not be surprised to see a bidding war break out following Amazon's (AMZN) announcement of a takeover agreement. Short, who thinks a strategic retail buyer would generate up to $600M in synergies from a deal to buy Whole Foods, said bidders could include Kroger (KR), Target (TGT), and Wal-Mart (WMT), all of which may "have too much to lose not to bid."
06/16/17
PACS
06/16/17
NO CHANGE
PACS
Pacific Crest calls Amazon deal a 'turning point' in fight with Wal-Mart
Amazon's (AMZN) agreement to acquire Whole Foods (WFM) marks a "significant step" in its push into physical retail and a "turning point" in the company's battle against Wal-Mart (WMT), Pacific Crest analyst Edward Yruma tells investors in an intraday research note. The deal gives Amazon attractively located stores, a very strong brand, and "credibility" within food retail, added Yruma.
WFM Bought by AMZN
$42.68

9.62 (29.10%)

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IVTY

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CI

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HNT

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$237.21

-1.88 (-0.79%)

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GPC

Genuine Parts

$93.22

5.24 (5.96%)

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AA

Alcoa

$45.29

-0.09 (-0.20%)

, FCX

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$13.89

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AA

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FCX

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TECK

Teck Resources

$21.24

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NEM

Newmont Mining

$38.63

0.74 (1.95%)

HCC

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$24.11

0.76 (3.25%)

CLF

Cleveland-Cliffs

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FTK

Flotek

$5.40

0.04 (0.75%)

17:49
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NBLX

Noble Midstream

$54.11

3.75 (7.45%)

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FB

Facebook

$162.87

-7.67 (-4.50%)

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Periodicals
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ASNA

Ascena Retail

$2.17

0.07 (3.33%)

, SNX

Synnex

$116.50

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SNX

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GKOS

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Bioptix

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BA

Boeing

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CLXT

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MNK

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FTI

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GNCA

Genocea

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TXMD

TherapeuticsMD

$6.06

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LLL

L3 Technologies

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APRI

Apricus Biosciences

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CDXS

Codexis

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AGRO

Adecogro

$10.05

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RIBT

RiceBran

$1.21

-0.03 (-2.42%)

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