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W

Wayfair

$72.82

-2.7 (-3.58%)

, AMZN

Amazon.com

$982.01

-7.83 (-0.79%)

08:15
08/10/17
08/10
08:15
08/10/17
08:15

Market continues to underappreciate meaningfully Wayfair, says Oppenheimer

Following a meeting with management, Oppenheimer analyst Brian Nagel says the market continues to underappreciate "meaningfully" the underlying financial and operational prowess of Wayfair (W). Wedding registry represents a potentially substantial, so far untapped, opportunity for Wayfair, particularly given a current concentration of sales within legacy chains, largely lacking online prowess, he notes, adding that the company continues to differentiate from Amazon (AMZN) and other online operators with a strategy designed to allow customers to browse the home furnishings category on its website. Nagel reiterates an Outperform rating on the shares.

W

Wayfair

$72.82

-2.7 (-3.58%)

AMZN

Amazon.com

$982.01

-7.83 (-0.79%)

  • 16

    Aug

  • 18

    Aug

W Wayfair
$72.82

-2.7 (-3.58%)

08/04/17
OPCO
08/04/17
NO CHANGE
Target $88
OPCO
Outperform
Wayfair price target raised to $88 from $80 at Oppenheimer
Oppenheimer analyst Brian Nagel raised his price target for Wayfair to $88 ahead of the company's Q2 results on August 8. Industry data has remained solid while key internal initiatives at Wayfair continue to take hold, Nagel tells investors in a pre-earnings research note. He's "optimistic" that further indications of elevated sales growth should prove another positive, near-term catalyst for shares. Nagel stays Outperform-rated on Wayfair. The online retailer closed yesterday up $3.50 to $77.33.
08/08/17
BARD
08/08/17
NO CHANGE
Target $73
BARD
Outperform
Wayfair price target raised to $73 from $65 at Baird
Baird analyst Colin Sebastian raised his price target for Wayfair to $73 while maintaining a Neutral rating on the shares. The online retailer's Q2 results were above expectations due to "healthy" market share gains and expense timing, Sebastian tells investors in a post-earnings research note. The analyst increased his 2017 and 2018 revenue estimates for Wayfair.
08/08/17
BOFA
08/08/17
NO CHANGE
Target $90
BOFA
Buy
Wayfair has potential for a large Q3 beat, says BofA/Merrill
BofA/Merrill said Wayfair beat Q2 revenue and EBITDA estimates bur reported disappointing Q3 guidance, implying a revenue deceleration. The firm's analyst notes Wayfair guided Q2 Direct Revenue growth of 37%-40% and reported 46%, and thinks there is still potential for a large Q3 bet and accelerating revenue growth. BofA/Merrill expects continue solid top-line growth and improving US EBITDA profitability to offset investor sentiment towards ongoing investment. Shares are rated Buy with a $90 price target.
08/09/17
WEDB
08/09/17
NO CHANGE
WEDB
Wayfair reported 'very strong' Q2 results, says Wedbush
Wedbush analyst Seth Basham says that Wayfair reported "very strong" Q2 results. Noting that the company provided weaker than expected guidance, he says that it tends to provide conservative guidance. Basham says that the company's comparisons are set to ease, while its near-term outlook is positive. He keeps a Buy rating.
AMZN Amazon.com
$982.01

-7.83 (-0.79%)

08/08/17
WELS
08/08/17
NO CHANGE
WELS
Food distributors outlook positive into June quarter results, says Wells Fargo
Wells Fargo says that sentiment on the food distributors has deteriorated due to worries about inflation and Amazon's (AMZN)possible entry into the space. However, the firm thinks that inflation is "a net positive" for the sector, while the three largest companies in the sector look set to benefit from share gains and M&A accretion. Wells is most upbeat on US Foods (USFD)and Sysco (SYY), citing reductions in their valuation and their efforts to increase volume and margins. Wells thinks the stocks have reached attractive entry points as it believes that investors are exaggerating the Amazon threat. It keeps Outperform ratings on US Foods and Sysco.
08/08/17
MKMP
08/08/17
NO CHANGE
Target $1275
MKMP
Buy
Amazon price target raised to $1,275 from $1,095 at MKM Partners
MKM Partners analyst Rob Sanderson raised his revenue outlook for Amazon.com, noting that units fulfilled are growing much faster than commerce revenue and subscription revenue growth, a proxy for Prime adoption, grew by over 50% again in Q2. While he does not expect Amazon will generate meaningful profits anytime soon, he also believes investors have become "very comfortable" with the company's continued investments. Until investors can see a limit on growth opportunities, revenue growth and share gain will matter more than profitability, said Sanderson, who raised his price target on Amazon shares to $1,275 from $1,095.
08/08/17
08/08/17
INITIATION
Target $1250

Buy
Amazon.com reinstated with a Buy at Mizuho
As previously reported, Mizuho analyst James Lee reinstated Amazon with a Buy rating, stating that he sees the next pillar of growth likely coming from advertising through voice search to allow brands to sell directly to consumers. The analyst, who sees Amazon having many levers to harness its monetization potential, set a $1,250 price target on the stock.
08/08/17
08/08/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN), Alphabet (GOOG, GOOGL), and Facebook (FB) were reinstated with a Buy at Mizuho, while eBay (EBAY) and Twitter (TWTR) were reinstated with an Underperform. 2. Broadridge (BR) initiated with a Neutral at DA Davidson. 3. Brighthouse Financial (BHF) initiated with an Overweight at Barclays. 4. Akcea Therapeutics (AKCA) WAS initiated with an Outperform at BMO Capital and Cowen, an Outperform at Wells Fargo, as well as a Buy at Stifel. 5. Lockheed Martin (LMT) and Raytheon (RTN) were initiated with an Overweight at Morgan Stanley, while Northrop Grumman (NOC) was initiated with an Equal Weight, and General Dynamics (GD) was initiated with an Underweight at the firm. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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RIC

Richmont Mines

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MGLN

Magellan Health

$83.65

0.35 (0.42%)

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SGMS

Scientific Games

$52.00

-0.2 (-0.38%)

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Conference/Events
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$NSD

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$NYE

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$NSD

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M

Macy's

$21.07

0.44 (2.13%)

, WMT

Wal-Mart

$96.62

0.21 (0.22%)

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M

Macy's

$21.07

0.44 (2.13%)

WMT

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$96.62

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TGT

Target

$55.88

-1.61 (-2.80%)

BASFY

BASF

$27.39

-0.13 (-0.47%)

TEVA

Teva

$13.70

0.22 (1.63%)

CBS

CBS

$56.54

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DISH

Dish

$50.43

0.39 (0.78%)

ASX

Advanced Semiconductor

$7.07

0.76 (12.04%)

SPIL

Siliconware Precision

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QD

Qudian

$12.22

-3.93 (-24.33%)

BABA

Alibaba

$191.19

1.35 (0.71%)

VIPS

Vipshop

$8.14

-0.3 (-3.55%)

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  • 24

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AFL

Aflac

$85.00

-0.05 (-0.06%)

13:26
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  • 01

    Dec

GBL

GAMCO Investors

, WTS

Watts Water

$72.65

0.15 (0.21%)

13:26
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GBL

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WTS

Watts Water

$72.65

0.15 (0.21%)

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  • 04

    Dec

CC

Chemours

$53.31

0.45 (0.85%)

13:23
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Conference/Events
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  • 01

    Dec

$NSD

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$NYE

NYSE Market Internals

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AIMT

Aimmune

$35.74

0.16 (0.45%)

13:09
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Conference/Events
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  • 28

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PN

Patriot National

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CMCM

Cheetah Mobile

$12.02

-0.4 (-3.22%)

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GM

General Motors

$44.47

0.1828 (0.41%)

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EBAY

eBay

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-0.02 (-0.06%)

, OSTK

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Amazon.com

$1,156.16

16.67 (1.46%)

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