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APRN

Blue Apron

$5.14

-1.1 (-17.63%)

, AMZN

Amazon.com

$956.92

-25.09 (-2.56%)

05:29
08/11/17
08/11
05:29
08/11/17
05:29

Blue Apron downgraded to Neutral from Buy at Citi

Citi analyst Mark May downgraded Blue Apron (APRN) to Neutral and cut his price target for the shares to $5.50 from $10 saying the first quarter as a public company was "disappointing." Execution issues not only introduce new risks to the outlook, but also potentially create an opening for the competition, May tells investors in a post-earnings research note. He sees the biggest risk to his downgrade as being an acquisition of Blue Apron by a "large retailer looking to compete with Amazon" (AMZN). Blue Apron closed yesterday down 18% to $5.14.

APRN

Blue Apron

$5.14

-1.1 (-17.63%)

AMZN

Amazon.com

$956.92

-25.09 (-2.56%)

  • 16

    Aug

  • 18

    Aug

APRN Blue Apron
$5.14

-1.1 (-17.63%)

08/04/17
STFL
08/04/17
NO CHANGE
STFL
Buy
Blue Apron not cutting staff levels, says Stifel
Stifel said Blue Apron is not cutting staff levels, but shifting its operations to the new Linden, NJ site later this year as part of a planned fulfillment-center migration process.
08/10/17
GSCO
08/10/17
DOWNGRADE
GSCO
Neutral
Blue Apron downgraded to Neutral from Buy at Goldman Sachs
08/10/17
GSCO
08/10/17
DOWNGRADE
Target $6
GSCO
Neutral
Goldman 'clearly wrong,' downgrades Blue Apron to Neutral
Goldman Sachs analyst Heath Terry downgraded Blue Apron to Neutral from Buy and cut his price target for the shares to $6 from $11 following the company's Q2 results. The shares in afternoon trading are down 19% to $5.05. Blue Apron management disclosed "significant operational issues" relating to its fulfillment center transition that will drive revenue dropping 20% in the second half of the year relative to the first half, Terry tells investors in a post-earnings research note. The company is also seeing higher churn and lower order rates due to higher error rates, the analyst adds. Terry admits to being "clearly wrong" on Blue Apron's logistical challenges and its ability to reaccelerate customer growth.
08/10/17
RHCO
08/10/17
DOWNGRADE
RHCO
Hold
Blue Apron downgraded to Hold from Buy at SunTrust
AMZN Amazon.com
$956.92

-25.09 (-2.56%)

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.
08/10/17
OPCO
08/10/17
NO CHANGE
OPCO
Outperform
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.

TODAY'S FREE FLY STORIES

CRVS

Corvus Pharmaceuticals

$13.00

1.13 (9.52%)

20:37
08/23/17
08/23
20:37
08/23/17
20:37
Upgrade
Corvus Pharmaceuticals rating change at Credit Suisse »

Corvus Pharmaceuticals…

03/08/13
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PTLA

Portola Pharmaceuticals

$56.28

0.33 (0.59%)

20:35
08/23/17
08/23
20:35
08/23/17
20:35
Upgrade
Portola Pharmaceuticals rating change at Credit Suisse »

Portola Pharmaceuticals…

03/08/13
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  • 11

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    Feb

TEVA

Teva

$16.49

-0.52 (-3.06%)

20:35
08/23/17
08/23
20:35
08/23/17
20:35
Downgrade
Teva rating change at Credit Suisse »

Teva downgraded to…

03/08/13
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03/06/13
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03/06/13
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  • 30

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LOW

Lowe's

$73.01

-2.81 (-3.71%)

20:33
08/23/17
08/23
20:33
08/23/17
20:33
Downgrade
Lowe's rating change at BMO Capital »

Lowe's downgraded to…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

    Aug

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    Nov

HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

, DLTR

Dollar Tree

$74.32

-0.63 (-0.84%)

20:25
08/23/17
08/23
20:25
08/23/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

DLTR

Dollar Tree

$74.32

-0.63 (-0.84%)

SJM

J.M. Smucker

$118.85

-1.01 (-0.84%)

TIF

Tiffany

$88.72

0.22 (0.25%)

TTC

Toro Company

$69.02

-1.76 (-2.49%)

SPLS

Staples

$10.18

-0.02 (-0.20%)

BURL

Burlington Stores

$84.95

-1.43 (-1.66%)

MIK

Michaels

$19.61

0.02 (0.10%)

SIG

Signet Jewelers

$51.89

-0.26 (-0.50%)

ANF

Abercrombie & Fitch

$9.61

0.46 (5.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 04

    Oct

HSY

Hershey

$107.44

0.34 (0.32%)

19:16
08/23/17
08/23
19:16
08/23/17
19:16
Hot Stocks
Hershey Company to acquire 1.5M common shares from Hershey Trust »

The Hershey Company…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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MSADY

MS&AD Insurance

$17.08

-0.085 (-0.50%)

19:07
08/23/17
08/23
19:07
08/23/17
19:07
Hot Stocks
MS&AD Insurance to acquire First Capital Insurance in $1.6B deal »

Fairfax Financial…

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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AMGN

Amgen

$169.00

-1.07 (-0.63%)

18:46
08/23/17
08/23
18:46
08/23/17
18:46
Hot Stocks
Amgen: Lancet Oncology publishes survival analysis from KYPROLIS Phase 3 trial »

Amgen announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 08

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    Feb

  • 17

    May

GE

General Electric

$24.39

-0.21 (-0.85%)

, ABB

ABB

$23.13

-0.01 (-0.04%)

18:39
08/23/17
08/23
18:39
08/23/17
18:39
Periodicals
GE resumes talks with ABB over industrial solutions deal, Reuters reports »

General Electric (GE) has…

GE

General Electric

$24.39

-0.21 (-0.85%)

ABB

ABB

$23.13

-0.01 (-0.04%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 05

    Sep

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  • 02

    Oct

LZB

La-Z-Boy

$24.95

-6.3 (-20.16%)

, AMZN

Amazon.com

$958.00

-8.9 (-0.92%)

18:17
08/23/17
08/23
18:17
08/23/17
18:17
Periodicals
La-Z-Boy in talks with Amazon over youth shopper outreach, MarketWatch reports »

La-Z-Boy (LZB) is in…

LZB

La-Z-Boy

$24.95

-6.3 (-20.16%)

AMZN

Amazon.com

$958.00

-8.9 (-0.92%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 23

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    Aug

VLKAY

Volkswagen

$30.67

0.19 (0.62%)

18:14
08/23/17
08/23
18:14
08/23/17
18:14
Periodicals
VW to launch two-tone compact SUV, Bloomberg says »

Volkswagen plans to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
Barclays

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F

Ford

$10.71

0.06 (0.56%)

18:01
08/23/17
08/23
18:01
08/23/17
18:01
Hot Stocks
Ford names Jason Luo as chairman, CEO of Ford China »

Ford announced a new…

03/08/13
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03/08/13
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03/06/13
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03/06/13
Barclays

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BA

Boeing

$238.09

-1.66 (-0.69%)

, LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

17:47
08/23/17
08/23
17:47
08/23/17
17:47
Periodicals
Boeing 'disappointed' company not chosen for cruise missile deal, Bloomberg says »

Lockheed (LMT), Raytheon…

BA

Boeing

$238.09

-1.66 (-0.69%)

LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

RTN

Raytheon

$178.19

-1.03 (-0.57%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
Barclays

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  • 23

    Aug

HBM

Hudbay Minerals

$8.50

0.2 (2.41%)

17:44
08/23/17
08/23
17:44
08/23/17
17:44
Hot Stocks
Hudbay Minerals acquires 10.76M common shares of Mason Resources »

Hudbay Minerals announced…

03/08/13
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03/06/13
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03/06/13
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HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

17:32
08/23/17
08/23
17:32
08/23/17
17:32
Hot Stocks
Breaking Hot Stocks news story on HP Inc. »

HP Inc. sees Q4 PC…

03/08/13
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03/06/13
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03/06/13
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  • 23

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GES

Guess

$12.48

0.11 (0.89%)

, TLYS

Tilly's

$9.60

0.88 (10.09%)

17:29
08/23/17
08/23
17:29
08/23/17
17:29
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: Guess…

GES

Guess

$12.48

0.11 (0.89%)

TLYS

Tilly's

$9.60

0.88 (10.09%)

WSM

Williams-Sonoma

$43.40

0.55 (1.28%)

PVH

PVH Corp.

$120.04

-0.28 (-0.23%)

YUME

YuMe

$5.15

0.09 (1.78%)

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

HEI

Heico

$81.11

-0.95 (-1.16%)

GBT

Global Blood Therapeutics

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

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  • 01

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  • 06

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MATX

Matson

$24.02

0.24 (1.01%)

17:28
08/23/17
08/23
17:28
08/23/17
17:28
Hot Stocks
Matson upgrading its Honolulu terminal »

Matson announced that a…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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TCMD

Tactile Systems

$33.90

0.78 (2.36%)

17:24
08/23/17
08/23
17:24
08/23/17
17:24
Syndicate
Breaking Syndicate news story on Tactile Systems »

Tactile Systems files to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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TCMD

Tactile Systems

$33.90

0.78 (2.36%)

17:23
08/23/17
08/23
17:23
08/23/17
17:23
Syndicate
Breaking Syndicate news story on Tactile Systems »

Tactile Systems files…

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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CIVI

Civitas Solutions

$18.30

-0.1 (-0.54%)

17:21
08/23/17
08/23
17:21
08/23/17
17:21
Recommendations
Civitas Solutions analyst commentary  »

Civitas announces…

03/08/13
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03/06/13
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03/06/13
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LLL

L3 Technologies

$179.28

-1.39 (-0.77%)

17:20
08/23/17
08/23
17:20
08/23/17
17:20
Hot Stocks
L3 Technologies awarded $172.9M government contract modification »

L-3 Communications Vertex…

03/08/13
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03/06/13
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03/06/13
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BA

Boeing

$238.08

-1.67 (-0.70%)

17:19
08/23/17
08/23
17:19
08/23/17
17:19
Hot Stocks
Boeing awarded $222.5M government contract modification »

The Boeing…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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RTN

Raytheon

$178.19

-1.03 (-0.57%)

17:18
08/23/17
08/23
17:18
08/23/17
17:18
Hot Stocks
Raytheon awarded approximately $900M government contract »

Raytheon Co., Tucson,…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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LMT

Lockheed Martin

$302.84

-1.96 (-0.64%)

17:17
08/23/17
08/23
17:17
08/23/17
17:17
Hot Stocks
Lockheed Martin awarded approximately $900M government contract »

Lockheed Martin Corp.,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 23

    Aug

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

, SSNLF

Samsung

$2,020.00

-10 (-0.49%)

17:11
08/23/17
08/23
17:11
08/23/17
17:11
Hot Stocks
HP Inc. sees Samsung deal closing in Q4 »

HP Inc. (HPQ) said it saw…

HPQ

HP Inc.

$18.86

-0.16 (-0.84%)

SSNLF

Samsung

$2,020.00

-10 (-0.49%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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