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AMZN

Amazon.com

$987.71

23.54 (2.44%)

, FCAU

Fiat Chrysler

$10.63

0.015 (0.14%)

13:48
06/19/17
06/19
13:48
06/19/17
13:48

Amazon weighs expanded push in European autos, FT reports

Amazon (AMZN) is considering options for an "expanded push" into the automotive sector in Europe, reports the Financial Times. In November, Amazon started acting as a portal for Fiat (FCAU) in Italy, and the company has a similar arrangement with Seat in France, the report explains. The company plans to expand the program into another key European market, potentially the U.K., beginning next year, sources told the publication. Amazon has been "quietly" building a team in Luxembourg to lead its efforts, the report says. "We all believe it will only be a matter of time until they do something serious," one unnamed, senior executive at a European carmaker told the publication. Reference Link

AMZN

Amazon.com

$987.71

23.54 (2.44%)

FCAU

Fiat Chrysler

$10.63

0.015 (0.14%)

AMZN Amazon.com
$987.71

23.54 (2.44%)

06/19/17
RBCM
06/19/17
NO CHANGE
RBCM
Amazon.com logistics to get boost from Whole Foods deal, says RBC Capital
RBC Capital analyst Mark Mahaney says that the acquisition of Whole Foods (WFM) will provide Amazon (AMZN) with "shipping-to-home logistics" opportunities and " a way to increase the utilization of its delivery capacity."
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
KEYB
06/19/17
NO CHANGE
KEYB
Wal-Mart outlook still positive after Whole Foods deal, says KeyBanc
KeyBanc says that Wal-Mart (WMT) stock should be bought in the wake of the Whole Foods (WFM) deal, as the firm remains confident in Wal-Mart's ability to achieve 5%-9% earnings growth in fiscal 2018. The analyst says that the market shares of both Amazon and Wal-Mart have room to grow, and it believes that Amazon will continue to skew towards upper class Americans in the wake of the Whole Foods deal. The firm keeps a $90 price target and an Outperform rating on Wal-Mart.
06/19/17
PIVT
06/19/17
NO CHANGE
Target $32
PIVT
Sell
Amazon could renegotiate or terminate United Natural contract, says Pivotal
Pivotal Research analyst Ajay Jain said regardless of the change of control provisions under United Natural Foods' (UNFI) contract with Whole Foods (WFM), there is no way to characterize the acquisition by Amazon (AMZN) as a non-event. Based on Albertson's United Foods contract cancellation in 2015, the analyst believes it will not be difficult for Amazon to renegotiate or terminate the United Natural Foods contract, if it so pleases. Jain said Whole Foods has more leverage over United Natural and the ability to demand further pricing concessions and will have more control over the supply chain through Amazon, making it unlikely the current agreement is truly binding. Jain rates United Natural Foods a Sell with a $32 price target.
FCAU Fiat Chrysler
$10.63

0.015 (0.14%)

02/03/17
LEHM
02/03/17
UPGRADE
Target $15
LEHM
Overweight
Ford upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Brian Johnson upgraded Ford Motor (F) to Overweight from Equal Weight and raised his price target for the shares to $15 from $13. The automaker closed yesterday down 3c to $12.28. Johnson this morning also upgraded Fiat Chrysler (FCAU) to Equal Weight and kept an Equal Weight rating on General Motors (GM). Any way you look at it, Ford looks better positioned than both GM and Fiat in a border adjustment scenario, Johnson tells investors in a research note. The analyst points out that Ford has a higher mix of its North American unit production in the U.S. relative to the other two carmakers. Should a boarder adjustment tax be levied by President Trump, the analyst estimates only $3.6B for Ford versus $10.4B for GM and $18B for Fiat. Even in a "chicken tax" scenario, or a 25% duty on cargo-carrying light trucks, Ford would be better positioned, Johnson contends.
02/03/17
02/03/17
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. Ford (F) was upgraded to Overweight from Equal Weight at Barclays, while Fiat Chrysler (FCAU) was upgraded to Equal Weight from Underweight. 2. Alcoa (AA) upgraded to Buy from Underperform at BofA/Merrill with analyst Timna Tanners upgrading Alcoa two notches to Buy from Underperform and saying she is more positive on structural demand for the global aluminum market as China seems more inclined to contain capacity and the WTO complaint filed by the US has helped send the Midwest premium up in recent weeks. The analyst raised its price target to $45 from $35. 3. Chipotle (CMG) upgraded to Hold from Sell at Maxim with analyst Stephen Anderson saying that even though its fourth quarter results were only in-line with downward revised expectations its two-year comps "improved considerably" in January, leading him to believe that the "worst may be over" for the troubled restaurant operator. The analyst, who believes "Chipotle 2.0" represents an opportunity for sales upside, raised his price target on the stock to $390 from $280. 4. Ball Corp (BLL) upgraded to Buy from Hold at Vertical Research with analyst Chip Dillon citing valuation. 5. Deckers Brands (DECK) upgraded to Neutral from Negative at Susquehanna with analyst Sam Poser saying the negative thesis is "played out" following last night's big miss. Poser is encouraged by Deckers' cost savings initiatives but said the real question is whether the company will take control of UGG distribution, inventory levels, and overall UGG brand. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/06/17
NTXS
02/06/17
UPGRADE
NTXS
Neutral
Fiat Chrysler upgraded to Neutral from Reduce at Natixis
06/08/17
MSCO
06/08/17
NO CHANGE
MSCO
Morgan Stanley makes "big" cuts to US Auto Sales forecasts
Morgan Stanley analyst Adam Jonas made "big" cuts to his US auto industry sales forecast, reducing his 2017 US SAAR forecast to 17.3M units from 18.3M units, 2018 to 16.4M units from 18.9M units, 2019 to 15M units from 19.2M units, and 2020 to 15M units from 18.7M units. Jonas believes the auto cycle may be hitting a point of diminishing returns following 8 years into the biggest cycle on record as used car values erode, pressuring conditions for selling new vehicles, and said new vehicle inventory levels continue to rise. Additionally, the analyst expects electrical margins to face increasing competition from new entrants and higher development costs. As a result, Jonas cut estimates across the board and downgraded Lear (LEA) to Underweight from Equal Weight.

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FB

Facebook

$197.46

-0.84 (-0.42%)

07:16
06/20/18
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FDX

FedEx

$258.35

-5.295 (-2.01%)

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AAL

American Airlines

$41.51

-0.93 (-2.19%)

07:15
06/20/18
06/20
07:15
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07:15
Periodicals
American Airlines prepares for management-level layoffs, buyouts, CNBC reports »

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  • 26

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MERC

Mercer

$16.15

-0.25 (-1.52%)

07:15
06/20/18
06/20
07:15
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07:15
Upgrade
Mercer rating change  »

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NGD

New Gold

$2.09

(0.00%)

07:15
06/20/18
06/20
07:15
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07:15
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SBUX

Starbucks

$57.43

0.22 (0.38%)

07:14
06/20/18
06/20
07:14
06/20/18
07:14
Recommendations
Starbucks analyst commentary  »

UBS keeps Buy rating, $66…

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  • 22

    Jun

NKE

Nike

$74.27

-1.33 (-1.76%)

07:11
06/20/18
06/20
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07:11
Recommendations
Nike analyst commentary  »

Nike price target raised…

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  • 26

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  • 28

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MTN

Vail Resorts

$280.81

-4.21 (-1.48%)

07:11
06/20/18
06/20
07:11
06/20/18
07:11
Initiation
Vail Resorts initiated  »

Vail Resorts initiated…

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POOL

Pool Corp.

$154.54

0.52 (0.34%)

07:10
06/20/18
06/20
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07:10
Initiation
Pool Corp. initiated  »

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PLNT

Planet Fitness

$45.11

-0.5 (-1.10%)

07:09
06/20/18
06/20
07:09
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07:09
Initiation
Planet Fitness initiated  »

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NLS

Nautilus

$16.40

-0.1 (-0.61%)

07:09
06/20/18
06/20
07:09
06/20/18
07:09
Initiation
Nautilus initiated  »

Nautilus initiated with a…

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SRPT

Sarepta

$143.92

38.44 (36.44%)

07:09
06/20/18
06/20
07:09
06/20/18
07:09
Recommendations
Sarepta analyst commentary  »

Sarepta price target…

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  • 20

    Jun

GLOB

Globant

$56.99

-0.01 (-0.02%)

07:09
06/20/18
06/20
07:09
06/20/18
07:09
Syndicate
Globant announces commencement of 5.8M share secondary offering »

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  • 20

    Jun

FOXF

Fox Factory

$44.10

0.2 (0.46%)

07:09
06/20/18
06/20
07:09
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07:09
Initiation
Fox Factory initiated  »

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HSGX

Histogenics

$2.74

-0.13 (-4.53%)

07:06
06/20/18
06/20
07:06
06/20/18
07:06
Recommendations
Histogenics analyst commentary  »

Histogenics Phase 3 study…

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BDRBF

Bombardier

$0.00

(0.00%)

, DAL

Delta Air Lines

$53.78

-1.025 (-1.87%)

07:06
06/20/18
06/20
07:06
06/20/18
07:06
Hot Stocks
Delta Air Lines orders 20 Bombardier CRJ900 valued at approx. $961M »

Bombardier Commercial…

BDRBF

Bombardier

$0.00

(0.00%)

DAL

Delta Air Lines

$53.78

-1.025 (-1.87%)

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  • 26

    Jun

  • 29

    Jun

APEN

Apollo Endosurgery

$5.60

-0.3 (-5.08%)

07:06
06/20/18
06/20
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07:06
Syndicate
Apollo Endosurgery 3.747M share Spot Secondary priced at $5.50 »

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AIG

AIG

$55.50

-0.065 (-0.12%)

07:05
06/20/18
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Hot Stocks
AIG acquires Ellipse from Munich Re »

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DUK

Duke Energy

$75.67

1.28 (1.72%)

07:05
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06/20
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Upgrade
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WGO

Winnebago

$40.40

-0.35 (-0.86%)

07:04
06/20/18
06/20
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07:04
Earnings
Winnebago reports Q3 EPS $1.02, consensus 91c »

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  • 20

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07:04
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General news
MBA Mortgage Applications Composite Index data reported »

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SPX

S&P 500

$0.00

(0.00%)

07:04
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Technical Analysis
S&P 500: Pivot points »

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AMRX

Amneal Pharmaceuticals

$18.83

-0.69 (-3.53%)

07:03
06/20/18
06/20
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07:03
Hot Stocks
Amneal announces patent litigation settlement agreement with Actavis »

Amneal Pharmaceuticals…

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PGLC

Pershing Gold

$1.86

-0.04 (-2.11%)

07:03
06/20/18
06/20
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07:03
Hot Stocks
Pershing Gold files Plan of Operations for Relief Canyon Mine expansion »

Pershing Gold submitted…

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GDX

Market Vector Gold Miners

$22.05

-0.24 (-1.08%)

07:02
06/20/18
06/20
07:02
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07:02
Technical Analysis
Market Vector Gold Miners: Pivot points »

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