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JWN

Nordstrom

$47.33

0.72 (1.54%)

, AMZN

Amazon.com

$1,000.63

-5.88 (-0.58%)

08:27
07/14/17
07/14
08:27
07/14/17
08:27

JPMorgan keeps Underweight on Nordstrom after management meetings

JPMorgan analyst Matthew Boss keeps an Underweight rating on Nordstrom (JWN) after meeting management at the company's headquarters. Management would not comment on their evaluation of strategic alternatives and the meeting was reshuffled to exclude members of the Nordstrom family while incoming CFO Anne Bramman attended but did not actively participate, Boss tells investors in a research note. The analyst views the company's EBITDA roadmap as "increasingly uncertain" with a greater emphasis on fashion to differentiate mix versus Amazon.com (AMZN) and rising costs of customer acquisition. He believes the retailer's fundamental multi-year risk profile is elevated.

JWN

Nordstrom

$47.33

0.72 (1.54%)

AMZN

Amazon.com

$1,000.63

-5.88 (-0.58%)

  • 27

    Jul

  • 23

    Aug

JWN Nordstrom
$47.33

0.72 (1.54%)

06/21/17
GDHS
06/21/17
NO CHANGE
GDHS
Nike-Amazon pact yet another department store headwind, says Gordon Haskett
Gordon Haskett analyst noted the reports of Nike (NKE) nearing a deal to sell directly on Amazon (AMZN), which he said wouldn't impact trends overnight but would represent another headwind for department stores, particularly J.C. Penney (JCP) and Kohl's (KSS), where the brand has a larger penetration than at Macy's (M) and Nordstrom (JWN). He keeps an Accumulate rating on Nordstrom, a Hold rating on Macy's and Reduce rating on both J.C. Penney and Kohl's.
06/14/17
CLVD
06/14/17
NO CHANGE
CLVD
Nordstrom Q2 comps likely trending below consensus at Cleveland Research
06/09/17
06/09/17
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. Snap (SNAP) downgraded to Neutral from Buy at Citi with analyst Mark May saying a slower than expected roll-out of new platforms and channels like self-serve is slowing down the pace of monetization growth. 2. Domino's Pizza (DPZ) downgraded to Neutral from Buy at Longbow with analyst Alton Stump saying his checks indicate second quarter domestic franchised comparables are up 6.25%-6.75%, versus consensus of 7.4%, and recommends investors take a pause on putting new money to work given recent share strength. 3. Nordstrom (JWN) downgraded to Neutral from Buy at Guggenheim with analyst Michael Binetti saying he does not see much further upside potential, even in a leveraged buyout scenario. The analyst believes a going private buyer could only pay $46 per share to generate a 10% internal rate of return. 4. Cantel Medical (CMD) downgraded to Hold from Buy at Benchmark with analyst Raymond Myers saying that he is increasingly concerned that its comparisons become tougher in the next two quarters. 5. Endo (ENDP) downgraded to Hold following Opana ER removal from market at Stifel with analyst Annabel Samimy saying Endo's recovery "just got harder" following the FDA's request for the company to voluntarily remove Opana ER from the market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/09/17
UBSW
06/09/17
DOWNGRADE
Target $46
UBSW
Neutral
Nordstrom downgraded to Neutral from Buy at UBS
UBS analyst Michael Binetti downgraded Nordstrom to Neutral and lowered his price target for the shares to $46 from $51. After yesterday's rally on news of the Nordstrom family exploring privatization, the analyst does not see much further upside potential, even in a leveraged buyout scenario. The analyst believes a going private buyer could only pay $46 per share to generate a 10% internal rate of return.
AMZN Amazon.com
$1,000.63

-5.88 (-0.58%)

07/14/17
LEHM
07/14/17
NO CHANGE
Target $40
LEHM
Underweight
Amazon can be big threat to Williams-Sonoma, says Barclays
Following an analysis that compares product overlap, Barclays analyst Matthew McClintock believes Amazon.com (AMZN) can be a "considerable threat" to Williams-Sonoma (WSM). The analyst estimates that 50% of the first 10 "Top Rated" items by category listed on Williams-Sonoma's website have exact overlap with Amazon. Further, McClintock found that Amazon beat on price on 50 of the 69 items, or 73%. The analyst says he's bearish on Williams-Sonoma following his analysis. In a research note titled "The Next AMZN Shoe to Drop?", he keeps an Underweight rating on the shares with a $40 price target.
07/14/17
GSCO
07/14/17
UPGRADE
Target $84
GSCO
Conviction Buy
Wal-Mart upgraded to Conviction Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Fassler upgraded Wal-Mart Stores (WMT) to Conviction Buy from Neutral and raised his price target for the shares to $84 from $78. The retailing giant closed yesterday up $1.11 to $75.05. Wal-Mart is as well positioned as any mass market retailer to handle Amazon.com's (AMZN) increased focus on consumables as well as the "uncertain" retail environment, Fassler tells investors in a research note. The analyst Wal-Mart's small-market focus and current inventory discipline. He notes that his earnings forecasts are above consensus for the next two fiscal years. Fassler this morning also upgraded Ulta Beauty (ULTA) to Conviction Buy from Neutral.
07/12/17
BARD
07/12/17
UPGRADE
Target $53
BARD
Outperform
Baird sees Fastenal as potential Amazon target, upgrades to Outperform
Baird analyst David Manthey upgraded Fastenal (FAST) to Outperform from Neutral with a $53 price target following this morning's Q2 results. The analyst attributes the intraday selloff to peer MSC Industrial's (MSM) comments on gross margin and believes the "upside case is too compelling to ignore." Fastenal, because it owns the last mile, is the most likely acquisition candidate by Amazon.com (AMZN), Manthey tells investors in a research note. The analyst likes the company's "seasonal setup" and improving fundamentals despite the later-cycle environment. The distributor of industrial and construction supplies is off its lows but remains down 3% to $42.09 in midday trading.
07/12/17
PIPR
07/12/17
NO CHANGE
Target $1200
PIPR
Overweight
Amazon maintaining 60% Prime Day growth 'impressive,' says Piper Jaffray
Piper Jaffray analyst Michael Olson said Amazon's ability to maintain the same 60% units sold growth rate it saw last year on Prime Day again this year was "an impressive feat." He estimates Amazon sold 88M total units during yesterday's Prime Day versus 55M last year. Olson reiterates his $1,200 price target and Overweight rating on Amazon shares.

TODAY'S FREE FLY STORIES

UAL

United Continental

$67.99

0.48 (0.71%)

16:32
10/18/17
10/18
16:32
10/18/17
16:32
Hot Stocks
Breaking Hot Stocks news story on United Continental »

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  • 19

    Oct

UAL

United Continental

$67.99

0.48 (0.71%)

16:31
10/18/17
10/18
16:31
10/18/17
16:31
Hot Stocks
Breaking Hot Stocks news story on United Continental »

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  • 19

    Oct

CCI

Crown Castle

$100.96

-0.42 (-0.41%)

16:30
10/18/17
10/18
16:30
10/18/17
16:30
Earnings
Crown Castle sees FY18 AFFO $2.22B-$2.26B »

Sees FY18 site rental…

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16:30
10/18/17
10/18
16:30
10/18/17
16:30
Options
Preliminary option volume of 16.8M today »

Preliminary option volume…

RXDX

Ignyta

$16.25

1.9 (13.24%)

16:29
10/18/17
10/18
16:29
10/18/17
16:29
Syndicate
Ignyta announces $125M common stock offering »

Ignyta anticipates using…

03/08/13
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  • 18

    Oct

  • 18

    Oct

  • 06

    Nov

CCI

Crown Castle

$100.96

-0.42 (-0.41%)

16:28
10/18/17
10/18
16:28
10/18/17
16:28
Earnings
Crown Castle sees Q4 AFFO $430M-$435M »

Sees Q4 site rental…

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PEGI

Pattern Energy

16:28
10/18/17
10/18
16:28
10/18/17
16:28
Syndicate
Pattern Energy files to sell 8M shares of Class A common stock »

The offering is being…

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USAP

Universal Stainless & Alloy

$21.12

-0.33 (-1.54%)

16:27
10/18/17
10/18
16:27
10/18/17
16:27
Hot Stocks
Breaking Hot Stocks news story on Universal Stainless & Alloy »

Universal Stainless &…

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BDN

Brandywine Realty

$17.93

-0.02 (-0.11%)

16:26
10/18/17
10/18
16:26
10/18/17
16:26
Hot Stocks
Brandywine Realty announces joint venture disposition »

"In addition to the…

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  • 19

    Oct

  • 14

    Dec

RXDX

Ignyta

$16.25

1.9 (13.24%)

16:25
10/18/17
10/18
16:25
10/18/17
16:25
Syndicate
Breaking Syndicate news story on Ignyta »

Ignyta files automatic…

03/08/13
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  • 18

    Oct

  • 18

    Oct

  • 06

    Nov

NTB

Butterfield

$35.81

0.29 (0.82%)

16:25
10/18/17
10/18
16:25
10/18/17
16:25
Hot Stocks
Butterfield chief risk officer Frumkin named COO »

The Bank of N.T.…

03/08/13
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  • 25

    Oct

  • 15

    Nov

VSEC

VSE Corp.

$58.21

0.01 (0.02%)

16:25
10/18/17
10/18
16:25
10/18/17
16:25
Hot Stocks
VSE Corp. awarded $35.6M in new delivery order awards »

VSE Corporation was…

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ADBE

Adobe

$153.00

2.62 (1.74%)

16:25
10/18/17
10/18
16:25
10/18/17
16:25
Conference/Events
Adobe to hold a briefing »

Financial Analyst and…

03/08/13
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  • 18

    Oct

  • 22

    Oct

  • 06

    Nov

HXL

Hexcel

$58.94

0.39 (0.67%)

16:24
10/18/17
10/18
16:24
10/18/17
16:24
Earnings
Hexcel narrows FY17 EPS guidance to $2.64-$2.72 from $2.64-$2.76 »

Consensus $2.68. Sees…

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UAL

United Continental

$67.99

0.48 (0.71%)

16:24
10/18/17
10/18
16:24
10/18/17
16:24
Hot Stocks
United Continental says Q3 pre-tax income reduced by about $185M due to storms »

During the quarter, the…

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  • 19

    Oct

BDN

Brandywine Realty

$17.93

-0.02 (-0.11%)

16:24
10/18/17
10/18
16:24
10/18/17
16:24
Earnings
Brandywine Realty sees FY18 EPS of 34c-44c, consensus 25c »

Announces 2018 FFO…

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  • 19

    Oct

  • 14

    Dec

CCI

Crown Castle

$101.03

-0.315 (-0.31%)

16:23
10/18/17
10/18
16:23
10/18/17
16:23
Earnings
Crown Castle reports Q3 adjusted EPS 21c, consensus 24c »

Reports Q3 revenue…

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TSC

TriState Capital

$22.75

-0.2 (-0.87%)

16:23
10/18/17
10/18
16:23
10/18/17
16:23
Earnings
TriState Capital reports Q3 EPS 35c, consensus 30c »

Reprots Q3 revenue…

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  • 19

    Oct

  • 06

    Nov

TBK

Triumph Bancorp

$31.80

0.25 (0.79%)

16:23
10/18/17
10/18
16:23
10/18/17
16:23
Earnings
Triumph Bancorp reports Q3 EPS 47C, consensus 44C »

Reports Q3 revenue…

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  • 19

    Oct

  • 15

    Nov

BDN

Brandywine Realty

$17.93

-0.02 (-0.11%)

16:23
10/18/17
10/18
16:23
10/18/17
16:23
Earnings
Brandywine Realty raises FY17 EPS view to 72c-74c from 17c-21c »

Consensus 24c. Adjusting…

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  • 19

    Oct

  • 14

    Dec

HXL

Hexcel

$58.94

0.39 (0.67%)

16:22
10/18/17
10/18
16:22
10/18/17
16:22
Earnings
Hexcel reports Q3 EPS 71c, consensus 68c »

Reports Q3 revenue…

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EBAY

eBay

$37.97

0.48 (1.28%)

16:22
10/18/17
10/18
16:22
10/18/17
16:22
Hot Stocks
eBay added 2M active buyers in Q3 »

In the third quarter,…

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BPFH

Boston Private Financial

$16.50

0.2 (1.23%)

16:22
10/18/17
10/18
16:22
10/18/17
16:22
Earnings
Boston Private Financial reports Q3 EPS 22c, consensus 23c »

Average total deposits…

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  • 19

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

, BRK.A

Berkshire Hathaway

$281,290.00

240 (0.09%)

16:22
10/18/17
10/18
16:22
10/18/17
16:22
Hot Stocks
American Express says Squeri to succeed retiring Chenault as CEO »

American Express (AXP)…

AXP

American Express

$92.08

0.39 (0.43%)

BRK.A

Berkshire Hathaway

$281,290.00

240 (0.09%)

BRK.B

Berkshire Hathaway

$187.85

0.46 (0.25%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 18

    Oct

  • 22

    Oct

  • 08

    Nov

EBAY

eBay

$37.97

0.48 (1.28%)

16:22
10/18/17
10/18
16:22
10/18/17
16:22
Hot Stocks
Breaking Hot Stocks news story on eBay »

eBay reports Q3 Gross…

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