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KR

Kroger

$22.29

-2.27 (-9.24%)

, WFM

Bought by AMZN

$42.68

9.62 (29.10%)

06:23
06/19/17
06/19
06:23
06/19/17
06:23

Kroger risk/reward looks favorable, says Citi

Citi analyst Alvin Concepcion believes Kroger's (KR) risk/reward remains favorable following last week's selloff. The analyst lowered his price target for the shares to $26 from $36 and keeps a Buy rating on the name. Kroger shares now trade at a 50% discount to their peer group, despite peers like Sprouts Farmers Market (SFM) and Natural Grocers (NGVC) facing greater exposure to threats from a stronger Whole Foods (WFM) in the natural/organic category, Concepcion tells investors in a research note. Amazon (AMZN) Friday announced a takeover of Whole Foods.

KR

Kroger

$22.29

-2.27 (-9.24%)

WFM

Bought by AMZN

$42.68

9.62 (29.10%)

SFM

Sprouts Farmers Market

$21.01

-1.41 (-6.29%)

NGVC

Natural Grocers

$8.73

-0.24 (-2.68%)

  • 20

    Jun

  • 20

    Jun

  • 22

    Jun

KR Kroger
$22.29

-2.27 (-9.24%)

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
06/16/17
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. Nike (NKE) downgraded to Neutral from Overweight at JPMorgan with analyst Matthew Boss saying his work suggests Nike's sales in North America are likely to get worse before getting better. 2. Kroger (KR) downgraded to Neutral from Buy at Goldman Sachs, to Neutral from Overweight at JPMorgan, and to Market Perform from Outperform at Telsey Advisory. 3. Booz Allen (BAH) was downgraded to Neutral from Buy at BofA/Merrill, to Hold from Buy at Vertical Research, and to Market Perform from Outperform at Raymond James. 4. Square (SQ) downgraded to Neutral from Outperform at Credit Suisse with analyst Paul Condra saying the shares at current levels are fully valued. 5. Noble Corp. (NE) downgraded to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/16/17
BARD
06/16/17
NO CHANGE
Target $72
BARD
Outperform
Amazon deal for Whole Foods a 'mild negative' for Vantiv, says Baird
Baird analyst David Koning believes Whole Foods (WFM) could be about 0.15-0.2% of Vantiv's (VNTV) revenue, making the deal for the grocer to be acquired by Amazon (AMZN) a "mild negative" for Vantiv. Vantiv may trade down today following that news and the guidance cut from Kroger (KR), which Koning estimates accounts for about 1% of Vantiv's revenue. However, he likes Vantiv shares given its valuation and potential for rising estimates and keeps an Outperform rating and $72 price target on the stock.
06/19/17
DBAB
06/19/17
NO CHANGE
Target $26
DBAB
Buy
Kroger selloff last week a buying opportunity, says Deutsche Bank
Deutsche Bank analyst Shane Higgins views last week's 27.6% selloff in shares of Kroger (KR) following the weaker than expected Q1 results and Amazon.com's (AMZN) acquisition of Whole Foods (WFM) as a buying opportunity. Kroger can still compete and is well positioned to capitalize on market disruption, Higgins tells investors in a research note. He lowered his price target for the shares to $26 from $35 and keeps a Buy rating on the name.
WFM Bought by AMZN
$42.68

9.62 (29.10%)

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
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.
06/19/17
DBAB
06/19/17
DOWNGRADE
Target $172
DBAB
Hold
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."
SFM Sprouts Farmers Market
$21.01

-1.41 (-6.29%)

06/15/17
06/15/17
DOWNGRADE
Target $23

Equal Weight
Sprouts Farmers Market downgraded on valuation at Morgan Stanley
As previously reported, Morgan Stanley downgraded Sprouts Farmers Market to Equal Weight from Overweight with a $23 price target. Analyst Vincent Sinisi now believes shares are fairly valued for future growth potential and would look for signs of a margin rebound before becoming more constructive again.
06/16/17
RHCO
06/16/17
NO CHANGE
RHCO
Sprouts Farmers could be a target of industry consolidation, says SunTrust
SunTrust analyst David Magee said Sprouts Farmers Market (SAFM) could be an acquisition target due to increasing industry consolidation.
06/16/17
OPCO
06/16/17
UPGRADE
OPCO
Outperform
Sprouts Farmers Market upgraded to Outperform from Perform at Oppenheimer
06/16/17
OPCO
06/16/17
UPGRADE
Target $24
OPCO
Outperform
Opco sees Sprouts as possible next target, upgrades shares
Oppenheimer analyst Rupesh Parikh upgraded Sprouts Farmers Market (SFM) to Outperform from Perform with a $24 price target. The food retailer is down 8%, or $1.75, to $20.67 in morning trading. The selloff after Amazon's (AMZN) acquisition of Whole Foods (WFM) has created an attractive entry point, Parikh tells investors in a research note. Sprout's remains well positioned fundamentally on its own and there is "also takeout potential down the road," the analyst writes. He believes Sprouts "could be the next target out there" with Whole Foods getting bought.
NGVC Natural Grocers
$8.73

-0.24 (-2.68%)

02/03/17
RHCO
02/03/17
DOWNGRADE
RHCO
Hold
Natural Grocers downgraded on Q1 miss at SunTrust
As noted earlier, SunTrust downgraded Natural Grocers to Hold from Buy. Analyst David Magee says that the company's Q1 sales were "weak" and predicts that the shares will be "at best" range bound until traffic rebounds. Target to $13 from $17.
02/03/17
RHCO
02/03/17
DOWNGRADE
RHCO
Hold
Natural Grocers downgraded to Hold from Buy at SunTrust
01/31/17
JEFF
01/31/17
DOWNGRADE
Target $14
JEFF
Hold
Natural Grocers downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Mandeville downgraded Natural Grocers to Hold citing valuation with the stock up 25% over the past two months. The analyst also sees a lack of visibility into meaningful comp improvement in the near-term. He keeps a $14 price target for the shares.
10/11/16
SBSH
10/11/16
INITIATION
Target $14
SBSH
Buy
Natural Grocers initiated with a Buy at Citi
Citi analyst Alvin Concepcion started Natural Grocers by Vitamin Cottage with a Buy rating and $14 price target. The analyst expects the company to generate earnings growth of 13% over the next three years and believes expectations for Natural Grocers are low.

TODAY'S FREE FLY STORIES

SPX

S&P 500

, SPY

SPDR S&P 500 ETF Trust

$279.60

0.46 (0.16%)

12:36
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12:36
Periodicals
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S&P 500

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$279.60

0.46 (0.16%)

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NCNA

NuCana

$14.49

1.28 (9.69%)

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SPY

SPDR S&P 500 ETF Trust

$279.49

0.35 (0.13%)

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iShares Core MSCI Emerging Markets

$60.61

0.305 (0.51%)

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$69.52

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iShares MSCI Japan Index Fund

$63.74

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MSCI Emerging Markets Index

$50.31

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iShares Trust Russell 2000 Index Fund

$157.91

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SPDR Gold Trust

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SVXY

ProShares Short VIX Short-Term Futures

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SPDR Barclays High Yield Bond

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NCNA

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$14.49

1.28 (9.69%)

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IBM

IBM

$162.44

-6.68 (-3.95%)

, AXP

American Express

$97.11

-2.75 (-2.75%)

12:29
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General news
On The Fly: Top stock stories at midday »

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IBM

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$162.44

-6.68 (-3.95%)

AXP

American Express

$97.11

-2.75 (-2.75%)

GE

General Electric

$16.35

-0.425 (-2.53%)

ACOR

Acorda Therapeutics

$25.00

0.25 (1.01%)

BIIB

Biogen

$344.44

-0.43 (-0.12%)

NKE

Nike

$66.64

2.525 (3.94%)

IPHI

Inphi

$33.39

-2.01 (-5.68%)

MKC

McCormick

$98.72

-4.19 (-4.07%)

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EA

Electronic Arts

$115.28

2.14 (1.89%)

, ATVI

Activision Blizzard

$69.80

-0.56 (-0.80%)

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EA

Electronic Arts

$115.28

2.14 (1.89%)

ATVI

Activision Blizzard

$69.80

-0.56 (-0.80%)

TTWO

Take-Two

$117.27

1.18 (1.02%)

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12:25
01/19/18
01/19
12:25
01/19/18
12:25
General news
Treasury's $25 M 6-day CMB stopped at 1.210% »

Treasury's $25 M…

BHGE

Baker Hughes

$34.63

-0.11 (-0.32%)

12:20
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01/19
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12:20
Options
Put buying in Baker Hughes ahead of earnings »

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MNTA

Momenta

$15.70

0.55 (3.63%)

12:19
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Breaking Hot Stocks news story on Momenta 

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$NSD

NASDAQ Market Internals

12:17
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NASDAQ market internals summary »

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ASFI

Asta Funding

$7.35

0.05 (0.68%)

12:16
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Asta Funding receives Nasdaq non-compliance letter »

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NCNA

NuCana

$14.49

1.28 (9.69%)

12:16
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NuCana to resume trading at 12:30 pm ET »

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$NYE

NYSE Market Internals

12:16
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MNTA

Momenta

$15.15

-0.35 (-2.26%)

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MDXG

MiMedx

$14.27

0.18 (1.28%)

12:15
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MiMedx put volume heavy and directionally bearish »

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MNTA

Momenta

$15.15

-0.35 (-2.26%)

12:14
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MNTA

Momenta

$15.15

-0.35 (-2.26%)

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NRG

NRG Energy

$26.50

-0.31 (-1.16%)

12:05
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12:05
Options
NRG Energy call volume above normal and directionally bullish »

Bullish option flow…

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AMNB

American National Bankshares

$39.10

-0.8 (-2.01%)

12:03
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American National Bankshares announces 300,000 share repurchase program »

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PBIB

Porter Bancorp

$13.76

0.06 (0.44%)

12:02
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PBI Bank changes name to Limestone Bank »

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NCNA

NuCana

$14.49

1.28 (9.69%)

12:01
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01/19
12:01
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12:01
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NuCana reports 'promising' clinical data on Acelarin »

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NCNA

NuCana

$14.49

1.28 (9.69%)

11:55
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MYL

Mylan

$46.51

-0.27 (-0.58%)

11:55
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01/19
11:55
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11:55
Options
Mylan put volume heavy and directionally bearish »

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BTC

Bitcoin

, BAC

Bank of America

$31.55

0.07 (0.22%)

11:52
01/19/18
01/19
11:52
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11:52
Hot Stocks
The Intersection: Crypto and Wall Street This Week »

As bitcoin, ethereum and…

BTC

Bitcoin

BAC

Bank of America

$31.55

0.07 (0.22%)

MS

Morgan Stanley

$56.67

0.83 (1.49%)

GS

Goldman Sachs

$252.15

1.18 (0.47%)

V

Visa

$122.10

-1.015 (-0.82%)

AMD

AMD

$12.47

0.29 (2.38%)

NVDA

Nvidia

$224.44

-0.28 (-0.12%)

OSTK

Overstock.com

$71.25

-4.4 (-5.82%)

DPW

DPW Holdings

$2.30

-0.05 (-2.13%)

LBCC

Long Blockchain Corp.

$4.51

0.3 (7.13%)

KODK

Kodak

$10.05

-0.1 (-0.99%)

SSC

Seven Stars Cloud Group

$4.53

-0.1 (-2.16%)

RIOT

Riot Blockchain

$19.80

2.04 (11.49%)

LFIN

Longfin

$44.69

6.09 (15.78%)

TEUM

Pareteum

$2.37

0.01 (0.42%)

SRAX

Social Reality

$4.96

0.17 (3.55%)

GBTC

Bitcoin Investment Trust

$1,857.00

221 (13.51%)

BITCOIN

Bitcoin

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AOS

A.O. Smith

$66.32

0.41 (0.62%)

11:51
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11:51
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A.O. Smith announces 29% boost in dividend »

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