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WMT

Wal-Mart

$75.24

-3.67 (-4.65%)

, COST

Costco

$167.11

-12.95 (-7.19%)

08:10
06/19/17
06/19
08:10
06/19/17
08:10

Wal-Mart, Costco could be hurt by Whole Foods deal, says RBC Capital

RBC Capital analyst Scot Ciccarelli warns that Wal-Mart (WMT) and Costco (COST) could be hurt by the Whole Foods deal. The analyst says that "combining Whole Foods' high-end reputation with a logistics juggernaut like Amazon is clearly a danger" to Costco and Walmart. He thinks that Whole Foods could extend the hours in which it allows customers to buy products online and pick them up in stores, and he thinks that food delivery could become much more popular in the wake of the deal. He notes that Wal-Mart has spent a great deal of time and money on "improving its fresh and omni-channel offerings." The analyst says that Costco will be more protected due to what he sees as its "differentiated retail experience."

WMT

Wal-Mart

$75.24

-3.67 (-4.65%)

COST

Costco

$167.11

-12.95 (-7.19%)

WFM

Whole Foods

$42.68

9.62 (29.10%)

  • 20

    Jun

  • 23

    Aug

WMT Wal-Mart
$75.24

-3.67 (-4.65%)

06/19/17
COWN
06/19/17
NO CHANGE
Target $1125
COWN
Outperform
Amazon Prime the long-term driver of retail business, says Cowen
Cowen analyst John Blackledge said Amazon's (AMZN) Prime service is the long-term driver of its retail business and as they continuously improve their value proposition, it will drive higher Prime subscriptions and further market share gains. Those gains may have a negative impact on Costco (COST) and Sam's Club (WMT) as the warehouse clubs have seen opposite trends as Prime has increased subscriptions, added Blackledge, who reiterated his Outperform rating and $1,125 price target on Amazon.com shares.
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."
06/16/17
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.
06/16/17
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.
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
WFM Whole Foods
$42.68

9.62 (29.10%)

06/19/17
RHCO
06/19/17
NO CHANGE
RHCO
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.
06/19/17
RBCM
06/19/17
NO CHANGE
RBCM
Food retailers, distributors weakness overdone, says RBC Capital
RBC Capital analyst Bill Kirk says that the weakness in food retailers and distributors in reaction to Amazon's (AMZN) acquisition of Whole Foods (WFM) was overdone. The analyst says he doesn't expect Amazon to "drastically change" the prices in Whole Foods' physical stores. Instead, he expects it to exploit the company's brand through Prime and its "high-population density real estate." Other food retailers include Sprouts Farmers Market (SFM) and Kroger (KR), while Smart & Final Stores (SFS) and Supervalu (SVU) are food distributors.
06/19/17
RBCM
06/19/17
NO CHANGE
RBCM
Concerns over dollar stores 'way overdone,' says RBC Capital
RBC Capital analyst Scot Ciccarelli says that concerns about the dollar stores in the wake of the Whole Foods deal were "way overdone,." The analyst thinks that they compete in "a very different segment and customer base" than Whole Foods. Publicly traded dollar stores include Family Dollar (FDO) and Dollar General (DG).
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.

TODAY'S FREE FLY STORIES

NLSN

Nielsen

$37.23

-0.92 (-2.41%)

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06/22/17
06/22
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08:11
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SUNW

Sunworks

$1.56

0.0315 (2.06%)

08:11
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08:11
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Sunworks announces new project for 760 KW solar system in Nevada »

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NVEE

NV5 Global

$41.45

-0.5 (-1.19%)

08:10
06/22/17
06/22
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08:10
Hot Stocks
NV5 Global awarded $7M contract for Bridge Replacement »

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VOD

Vodafone

$28.55

0.03 (0.11%)

08:09
06/22/17
06/22
08:09
06/22/17
08:09
Periodicals
Vodafone incorrectly charged 'Red Roaming' customers, Independent says »

Vodafone may face action…

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TACO

Del Taco

$13.87

0.14 (1.02%)

08:09
06/22/17
06/22
08:09
06/22/17
08:09
Initiation
Del Taco initiated  »

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AAL

American Airlines

$48.43

0.4 (0.83%)

08:08
06/22/17
06/22
08:08
06/22/17
08:08
Technical Analysis
Technical View: American Airlines trades higher in pre-market »

The stock was last up…

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  • 26

    Jun

  • 07

    Jul

QGEN

QIAGEN

$34.83

0.08 (0.23%)

08:08
06/22/17
06/22
08:08
06/22/17
08:08
Hot Stocks
QIAGEN's QuantiFERON TB test reimbursement approved by French health system »

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  • 22

    Jun

AAL

American Airlines

$48.43

0.4 (0.83%)

08:08
06/22/17
06/22
08:08
06/22/17
08:08
Hot Stocks
Breaking Hot Stocks news story on American Airlines »

American Airlines:…

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  • 26

    Jun

  • 07

    Jul

SNE

Sony

$38.14

-0.02 (-0.05%)

, WWE

WWE

$20.38

0.23 (1.14%)

08:07
06/22/17
06/22
08:07
06/22/17
08:07
Hot Stocks
Sony Pictures Networks India, WWE announce WWE Sunday Dhamaal »

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SNE

Sony

$38.14

-0.02 (-0.05%)

WWE

WWE

$20.38

0.23 (1.14%)

03/08/13
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  • 22

    Jun

AAL

American Airlines

$48.43

0.4 (0.83%)

08:07
06/22/17
06/22
08:07
06/22/17
08:07
Hot Stocks
Breaking Hot Stocks news story on American Airlines »

American Airlines:…

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  • 26

    Jun

  • 07

    Jul

GTIM

Good Times Restaurants

08:07
06/22/17
06/22
08:07
06/22/17
08:07
Initiation
Good Times Restaurants initiated  »

Good Times Restaurants…

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AAL

American Airlines

$48.43

0.4 (0.83%)

08:07
06/22/17
06/22
08:07
06/22/17
08:07
Hot Stocks
Breaking Hot Stocks news story on American Airlines »

American Airlines: Qatar…

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  • 26

    Jun

  • 07

    Jul

KMX

CarMax

$59.74

0.48 (0.81%)

08:06
06/22/17
06/22
08:06
06/22/17
08:06
Downgrade
CarMax rating change  »

CarMax downgraded on…

03/08/13
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  • 26

    Jun

  • 29

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  • 30

    Jun

AAL

American Airlines

$48.43

0.4 (0.83%)

08:06
06/22/17
06/22
08:06
06/22/17
08:06
Hot Stocks
American Airlines: Qatar Airways intends to make 'significant' investment »

In a regulatory filing,…

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  • 26

    Jun

  • 07

    Jul

ANF

Abercrombie & Fitch

$12.05

-0.16 (-1.31%)

08:06
06/22/17
06/22
08:06
06/22/17
08:06
Upgrade
Abercrombie & Fitch rating change  »

Correction: Abercrombie…

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08:05
06/22/17
06/22
08:05
06/22/17
08:05
General news
Treasury Market Outlook: bonds are little changed »

Treasury Market Outlook:…

WFM

Whole Foods

$43.26

0.48 (1.12%)

, KR

Kroger

$22.37

-0.01 (-0.04%)

08:04
06/22/17
06/22
08:04
06/22/17
08:04
Recommendations
Whole Foods, Kroger, Costco, Target, Wal-Mart, Amazon.com analyst commentary  »

JPMorgan has 'hard…

WFM

Whole Foods

$43.26

0.48 (1.12%)

KR

Kroger

$22.37

-0.01 (-0.04%)

COST

Costco

$163.15

0.25 (0.15%)

TGT

Target

$50.52

-0.39 (-0.77%)

WMT

Wal-Mart

$76.24

0.7 (0.93%)

AMZN

Amazon.com

$1,002.23

9.64 (0.97%)

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  • 22

    Jun

  • 28

    Jun

  • 23

    Aug

ISBC

Investors Bancorp

$13.08

-0.18 (-1.36%)

08:04
06/22/17
06/22
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08:04
Hot Stocks
Investors Bancorp appoints Michael Fegan Chief Information and Operations Office »

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JW.A

John Wiley

$51.75

0.4 (0.78%)

, JW.B

08:04
06/22/17
06/22
08:04
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08:04
Hot Stocks
John Wiley & Sons raises quarterly dividend 3% to 32c per share »

John Wiley & Sons…

JW.A

John Wiley

$51.75

0.4 (0.78%)

JW.B

JWB

John Wiley & Sons; also tag JWA

JWA

John Wiley & Sons; also tag JWB

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AME

Ametek

$60.51

-1.36 (-2.20%)

, MOCO

Mocon

08:04
06/22/17
06/22
08:04
06/22/17
08:04
Hot Stocks
Ametek completes acquisition of Mocon »

Ametek (AME) announced…

AME

Ametek

$60.51

-1.36 (-2.20%)

MOCO

Mocon

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TSE

Trinseo

$65.05

-0.5 (-0.76%)

08:03
06/22/17
06/22
08:03
06/22/17
08:03
Hot Stocks
Trinseo increases quarterly dividend, announces new share repurchase program »

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TROV

Trovagene

$0.95

0.0471 (5.24%)

08:02
06/22/17
06/22
08:02
06/22/17
08:02
Hot Stocks
Trovagene to provide Trovera tests and services for global pharma company »

Trovagene has entered…

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HAIN

Hain Celestial

$33.16

0.13 (0.39%)

08:02
06/22/17
06/22
08:02
06/22/17
08:02
Technical Analysis
Technical View: Hain Celestial up after earnings, buybacks, new CFO »

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  • 22

    Jun

  • 27

    Jun

TSLA

Tesla

$376.40

4.16 (1.12%)

08:01
06/22/17
06/22
08:01
06/22/17
08:01
Periodicals
Tianjin not participating in Tesla's China project at this time, Reuters says »

Tianjin Motors says it…

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  • 02

    Oct

MNK

Mallinckrodt

$45.37

2.06 (4.76%)

08:00
06/22/17
06/22
08:00
06/22/17
08:00
Options
Mallinckrodt call buyer realizes 74% same-day gains »

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