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HAWK

Blackhawk

$41.20

-1.35 (-3.17%)

, WFM

Whole Foods

$42.68

9.62 (29.10%)

07:15
06/19/17
06/19
07:15
06/19/17
07:15

Blackhawk should be bought on weakness after Whole Foods deal, says SunTrust

SunTrust analyst Oscar Turner notes that Blackhawk's (HAWK) stock fell 3% after Amazon (AMZN) announced that it's acquiring Whole Foods (WFM). The analyst notes that both Amazon and Whole Foods partner with Blackhawk, and he expects Blackhawk's deal with Whole Foods to continue in the wake of the deal. The analyst adds that the deal proves that the physical supermarket distribution model remains relevant. He says that Blackhawk's "commanding share will mitigate" any decrease in supermarket foot traffic, and he recommends buying the stock on weakness. Turner keeps a $50 price target and a Buy rating on the stock.

HAWK

Blackhawk

$41.20

-1.35 (-3.17%)

WFM

Whole Foods

$42.68

9.62 (29.10%)

AMZN

Amazon.com

$987.71

23.54 (2.44%)

HAWK Blackhawk
$41.20

-1.35 (-3.17%)

03/30/17
CHLM
03/30/17
NO CHANGE
Target $50
CHLM
Buy
Blackhawk largest competitor potentially up for sale, says Craig-Hallum
Craig-Hallum analyst Brad Berning says InComm, Blackhawk's largest competitor, is considering selling itself, possibly to the latter, according to Bloomberg. The analyst believes if such a scenario were to come to fruition that it would be "highly accretive" to Blackhawk as it would likely be able to cut significant operational expenses by simply onboarding customers and leveraging its existing platform. Such a deal could value Blackhawk at $60-$90 per share, he notes. Berning reiterates a Buy rating and $50 price target on the shares.
04/21/17
FBCO
04/21/17
NO CHANGE
Target $41
FBCO
Neutral
Blackhawk price target raised to $41 from $36 at Credit Suisse
Credit Suisse analyst Paul Condra raised his price target for Blackhawk to $41 from $36 saying the company has recovered "strongly" since trading off following Q4 results, aided by a solid analyst day, activist involvement and news that its largest rival could be considering a merger. The analyst reiterates a Neutral rating on the shares.
05/19/17
SBSH
05/19/17
UPGRADE
Target $47
SBSH
Buy
Blackhawk upgraded to Buy from Neutral at Citi
Citi analyst Ashwin Shirvaikar upgraded Blackhawk Network to Buy and raised his price target for the shares to $47 from $39. The shares have limited downside given high investor interest and the presence of an activist invest, Shirvaikar tells investors in a research note. He also sees "reasonably good visibility" with easier comparisons in 2016 and the contract wins with Target and Chase.
06/16/17
CHLM
06/16/17
NO CHANGE
CHLM
Blackhawk, Verifone weakness on Amazon news an overreaction, says Craig-Hallum
Craig-Hallum analyst Brad Berning thinks the market has been overreacting to news of Amazon's (AMZN) deal to buy Whole Foods (WFM), which he sees as creating buying opportunities in shares of Blackhawk (HAWK), VeriFone (PAY) and First Data (FDC). On Blackhawk, he notes that the company sells gift cards for both and they are well positioned for the digital channel shift. On First Data, Berning notes that it co-processes Amazon's payments with Chase and he sees potential for Whole Foods to become a market share gainer. For Verifone, the analyst points out that Whole Foods uses its terminals and if Amazon plans to grow store count this could be a positive.
WFM Whole Foods
$42.68

9.62 (29.10%)

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."
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.
06/19/17
SBSH
06/19/17
NO CHANGE
Target $26
SBSH
Buy
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.
06/19/17
UBSW
06/19/17
NO CHANGE
Target $1100
UBSW
Buy
Amazon operational assumptions key to Whole Foods deal success, says UBS
UBS analyst Eric Sheridan took a look at Amazon's (AMZN) acquisition of Whole Foods (WFM), which he expects to be 2%-12% accretive to 2018 earnings. The analyst believes operational assumptions post close will be the key to success. He also believes regulatory issues remain an overhang for the sector and he sees the purchase as the first step into a broader physical retail presence. Sheridan maintained his Buy rating and $1,100 price target on Amazon.com shares.
AMZN Amazon.com
$987.71

23.54 (2.44%)

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.

TODAY'S FREE FLY STORIES

RGA

Reinsurance Group

$126.86

-0.36 (-0.28%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Reinsurance Group management to meet with JPMorgan »

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03/08/13
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03/08/13
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03/06/13
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03/06/13
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    Jun

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    Jun

SRCL

Stericycle

$77.24

-1.01 (-1.29%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Stericycle management to meet with Barrington »

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THO

Thor Industries

$107.33

-1.47 (-1.35%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Thor Industries management to meet with Cancaccord »

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03/08/13
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03/06/13
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03/06/13
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  • 28

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    Jul

IDCC

InterDigital

$79.80

-0.65 (-0.81%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
InterDigital management to meet with Sidoti »

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03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

NP

Neenah Paper

$77.80

-1.6 (-2.02%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Neenah Paper management to meet with Sidoti »

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03/06/13
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  • 28

    Jun

AGCO

AGCO

$66.47

-0.67 (-1.00%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
AGCO management to meet with William Blair »

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03/06/13
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03/06/13
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  • 28

    Jun

  • 10

    Aug

04:55
06/28/17
06/28
04:55
06/28/17
04:55
General news
Pending Home Sales Index to be reported at 10:00 »

May Pending Home Sales…

PRTS

U.S. Auto Parts

$3.23

-0.02 (-0.62%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
U.S. Auto Parts management to meet with Roth Capital »

Meetings to be held in…

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03/06/13
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03/06/13
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  • 28

    Jun

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

Life Science Tools &…

STE

STERIS

$81.47

-1.64 (-1.97%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
STERIS management to meet with Sidoti »

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03/06/13
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03/06/13
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  • 28

    Jun

VTR

Ventas

$71.17

-0.76 (-1.06%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Ventas management to meet with Raymond James »

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03/06/13
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  • 28

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    Jun

SMTC

Semtech

$34.85

-0.6 (-1.69%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Semtech management to meet with Oppenheimer »

Meetings to be held in…

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03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

  • 29

    Jun

IVZ

Invesco

$34.77

-0.24 (-0.69%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Invesco management to meet with Jefferies »

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03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

  • 29

    Jun

DHXM

DHX Media

$4.30

0.15 (3.61%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
DHX Media management to meet with Jefferies »

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03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

04:55
06/28/17
06/28
04:55
06/28/17
04:55
General news
International Trade in Goods Balance to be reported at 08:30 »

May International Trade…

PODD

Insulet

$49.00

-1.22 (-2.43%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Insulet participates in a conference call with Leerink »

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03/08/13
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03/08/13
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03/06/13
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  • 28

    Jun

NFG

National Fuel

$55.85

-0.45 (-0.80%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
National Fuel management to meet with Jefferies »

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03/06/13
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03/06/13
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  • 28

    Jun

OXY

Occidental Petroleum

$59.63

-0.38 (-0.63%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Occidental Petroleum management to meet with Evercore ISI »

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03/06/13
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  • 28

    Jun

04:55
06/28/17
06/28
04:55
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General news
Breaking General news story  »

Week of 6/23 EIA…

NBIX

Neurocrine

$45.56

-1.75 (-3.70%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Neurocrine management to meet with Oppenheimer »

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  • 28

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LPI

Laredo Petroleum

$10.03

0.24 (2.45%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Laredo Petroleum management to meet with Piper Jaffray »

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  • 28

    Jun

MPWR

Monolithic Power

$96.84

-2.67 (-2.68%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Monolithic Power management to meet with Oppeneimer »

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  • 28

    Jun

TRS

TriMas

$20.60

-0.1 (-0.48%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
TriMas management to meet with Barrington »

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03/06/13
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03/06/13
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  • 28

    Jun

ORCL

Oracle

$50.75

-0.11 (-0.22%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
Oracle management to meet with Evercore ISI »

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03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

UNFI

United Natural Foods

$34.95

-0.08 (-0.23%)

04:55
06/28/17
06/28
04:55
06/28/17
04:55
Conference/Events
United Natural Foods management to meet with Oppenheimer »

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  • 28

    Jun

  • 13

    Jul

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