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COST

Costco

$156.64

-0.22 (-0.14%)

, TGT

Target

09:41
08/11/17
08/11
09:41
08/11/17
09:41

Target, Kroger speculated as possible targets for Costco by Dealreporter

Costco (COST), if it looks for a transformative M&A deal, could sees Target (TGT) or Kroger (KR) as "interesting targets," speculated Dealreporter, according to contacts.

COST

Costco

$156.64

-0.22 (-0.14%)

TGT

Target

KR

Kroger

  • 16

    Aug

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    Aug

  • 05

    Oct

COST Costco
$156.64

-0.22 (-0.14%)

07/10/17
BMOC
07/10/17
DOWNGRADE
BMOC
Market Perform
Costco downgraded to Market Perform from Outperform at BMO Capital
07/10/17
07/10/17
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. Intel (INTC) downgraded to Underperform from Hold at Jefferies with analyst Mark Lipacis saying the chipmaker's Xeon/Xeon PHI platform is disadvantaged versus Nvidia (NVDA) in emerging parallel workloads like deep neural networking. 2. Five Below (FIVE) downgraded to Neutral from Buy at UBS with analyst Michael Lasser saying he expects the shares to be range-bound in the near-term as the company manages through the "fading of the fidget spinner trend." 3. Waters (WAT) downgraded to Hold from Buy at Deutsche Bank with analyst Dan Leonard citing valuation with the shares up 37% year-to-date. 4. Costco (COST) downgraded to Market Perform from Outperform at BMO Capital. 5. Dick's Sporting (DKS) downgraded to Neutral from Buy at Cleveland Research with analyst Daryl Boehringer citing industry headwinds, particularly in apparel, which leaves him more cautious on second quarter comparables and margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/06/17
BERN
07/06/17
NO CHANGE
BERN
Costco remains retail 'safe haven,' says Bernstein
Bernstein analyst Brandon Fletcher believes that Costco (COST) will remain a "safe haven" in the retail sector, despite Amazon's (AMZN) acquisition of Whole Foods (WFM). The analyst says that Costco "has meaningful advantages from its cost structure and assortment" that Whole Foods probably won;t be able to replicate. Moreover, he thinks that Costco's customers will continue to retain their memberships, preventing its earnings from being jeopardized. Finally, the analyst says that Costco's Club model will enable it to stay differentiated versus Amazon. However, he keeps a Market Perform rating on Costco.
07/27/17
BARD
07/27/17
NO CHANGE
Target $200
BARD
Outperform
Costco recent pullback represents a buying opportunity, says Baird
Baird analyst Peter Benedict said he expects Costco sales for July to remain solid, although he did model some slight deceleration relative to June's robust performance. He believes prospects for continued momentum remain good and believes the recent pullback represents a buying opportunity given its ongoing strength and increasingly attractive valuation. Benedict reiterated his Outperform rating and $200 price target on Costco shares.
TGT Target

06/22/17
JPMS
06/22/17
NO CHANGE
JPMS
JPMorgan has 'hard time' seeing bidder topping Amazon deal for Whole Foods
Noting that Whole Foods (WFM) shares continue to trade above Amazon's (AMZN) agreed upon buying price of $42 per share, and that at least two other firm's raised their price targets above the deal price, JPMorgan's analyst team of Ken Goldman, Chris Horvers, and Doug Anmuth discussed their views on whether another strategic bidder is likely to top Amazon's takeover price with a rival bid. They have a "hard time seeing" Kroger (KR), Costco (COST), or Target (TGT) doing so, and while acknowledging that Wal-Mart (WMT) could make a bid, they think that its chance to beat out Amazon appears low and that Wal-Mart's primary opportunity is online, not grocery. The team concludes that they "don't believe a serious bid comes out of Bentonville that wouldn't be countered."
08/07/17
COWN
08/07/17
NO CHANGE
Target $86
COWN
Outperform
Cowen continues to favor Wal-Mart over Target despite turnaround progress
Cowen analyst Oliver Chen said Target's (TGT) positive pre-announcement and Wal-Mart's (WMT) momentum give him confidence about Q2, but his firm's proprietary survey indicates cautious trends in the quarter, including declines in visitor rates, declines in satisfaction, and growth in visitor overlap with Amazon (AMZN). While acknowledging that Target's turnaround remains on track, he said he still prefers Wal-Mart shares. Chen maintains his Outperform rating and $86 price target on Wal-Mart shares and his Market Perform rating on Target shares.
07/14/17
MKMP
07/14/17
NO CHANGE
MKMP
MKM Partners still has concerns about Target
After Target said that its Q2 EPS was tracking above its previous guidance, MKM analyst Patrick McKeever says he is more upbeat about the company's outlook. However, he added that he "still has some concerns," including continued loss of share to online retailers and "continued challenges in the traffic-driving food business." The analyst keeps a $58 price target and a Neutral rating on the stock.
07/14/17
UBSW
07/14/17
NO CHANGE
Target $56
UBSW
Neutral
Target investors likely take wait and see approach following guidance, says UBS
UBS analyst Michael Lasser noted Target pre-announced better than expected Q2 results and the shares reacted positively. The analyst questioned whether the shares can hold onto their gains and he believes investors will take a wait and see approach to see if the company can generate an upward trend in its sales and traffic while maintaining its profitability. Lasser maintained his Neutral rating and $56 price target on Target shares.
KR Kroger

06/26/17
PIVT
06/26/17
DOWNGRADE
Target $20
PIVT
Sell
SpartanNash downgraded to Sell from Hold at Pivotal Research
Pivotal Research analyst Ajay Jain downgraded SpartanNash (SPTN) to Sell and cut his price target for the shares to $20 from $35. Setbacks at the company's Military Distribution Segment suggest revenue trends for the military commissary business are unlikely to stabilize soon, Jain tells investors in a research note. He believes the stock's valuation premium to Kroger (KR) and Supervalu (SVU) is not warranted.
07/26/17
CLVD
07/26/17
NO CHANGE
CLVD
Kroger sales likely above Q2 consensus expectatoins, says Cleveland Research
Cleveland Research analyst Scott Bender said checks indicate Kroger's sales trends improved Q2-to-date versus Q1 driven by reduced fresh food deflation and aggressive promotions increasing tonnage performance. The analyst is forecasting Q2 earnings of 40c, versus consensus of 39c, and maintains a Neutral rating.
06/23/17
LEHM
06/23/17
NO CHANGE
Target $48
LEHM
Overweight
Competing Whole Foods bid of $50 or higher 'not unrealistic,' says Barclays
Barclays analyst Karen Short said a potential strategic bidders for Whole Foods (WFM) can "rationally outbid" Amazon (AMZN) based on the roughly $750M in synergies she estimates for a buyer such as Kroger (KR) or Wal-Mart (WMT). For Kroger, she estimates that a 100% debt-financed bid at $50 could be about 6% accretive, and a Whole Foods bid up to $60 would still be accretive. For Wal-Mart, a 100% debt-financed bid at $50 could be about 2% accretive, though a could still be accretive bid up to $70 per share, she tells investors. Whole Foods was not "shopped," based on public documents, and the math indicates a superior, competing bid is "feasible," said Short, who also notes that Amazon could then outbid any other offer. Short has an Overweight rating and $48 price target on Whole Foods shares.
08/11/17
SPHN
08/11/17
INITIATION
SPHN
Underweight
Kroger initiated with an Underweight at Stephens

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MHK

Mohawk

$272.20

1.55 (0.57%)

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$55.83

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EYE

National Vision

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-0.15 (-0.50%)

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AAAP

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, NVS

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0.96 (1.16%)

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Novartis

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LYV

Live Nation

$45.34

-0.02 (-0.04%)

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AAPL

Apple

$170.15

-0.95 (-0.56%)

, INTC

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$44.63

-1.02 (-2.23%)

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INTC

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QCOM

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RHHBY

Roche

$29.10

0.205 (0.71%)

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CATB

Catabasis Pharmaceuticals

$1.62

-0.03 (-1.82%)

06:17
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RHHBY

Roche

$29.10

0.205 (0.71%)

06:17
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DLPH

Delphi

$98.70

-0.54 (-0.54%)

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TOSBF

Toshiba, also use TOSYY

$2.55

-0.014 (-0.55%)

, TOSYY

Toshiba, also use TOSBF

$15.20

-0.15 (-0.98%)

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Hot Stocks
Toshiba to proceed with financing transaction to close on December 5 »

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Toshiba, also use TOSYY

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MRVL

Marvell

$20.29

0.03 (0.15%)

, CAVM

Cavium

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MRVL

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$20.29

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CAVM

Cavium

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GRPN

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CAH

Cardinal Health

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VALE

Vale

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FDC

First Data

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BKU

BankUnited

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BCS

Barclays

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0.05 (0.51%)

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EGLT

Egalet

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GM

General Motors

$43.88

0.28 (0.64%)

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DY

Dycom

$90.04

2.14 (2.43%)

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QCOM

Qualcomm

$66.72

0.61 (0.92%)

, NXPI

NXP Semiconductors

$115.50

0.31 (0.27%)

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QCOM

Qualcomm

$66.72

0.61 (0.92%)

NXPI

NXP Semiconductors

$115.50

0.31 (0.27%)

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