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M

Macy's

$22.17

1.16 (5.52%)

, PVH

PVH Corp.

$129.11

0.61 (0.47%)

04:55
09/07/17
09/07
04:55
09/07/17
04:55

Goldman Sachs to hold a conference

24th Annual Global Retailing Conference is being held in New York on September 6-7.

M

Macy's

$22.17

1.16 (5.52%)

PVH

PVH Corp.

$129.11

0.61 (0.47%)

MIK

Michaels

$22.81

0.24 (1.06%)

DKS

Dick's Sporting

$27.13

0.7 (2.65%)

UA

Under Armour

$15.80

0.18 (1.15%)

DG

Dollar General

$75.29

0.93 (1.25%)

GPS

Gap

$25.82

1.79 (7.45%)

LOW

Lowe's

$77.47

1.79 (2.37%)

W

Wayfair

$73.06

-0.57 (-0.77%)

FND

Floor & Decor

$37.95

1.25 (3.41%)

SVU

Supervalu

$19.98

0.47 (2.41%)

VVV

Valvoline

$21.24

0.07 (0.33%)

ROST

Ross Stores

$59.15

0.16 (0.27%)

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M Macy's
$22.17

1.16 (5.52%)

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.
08/11/17
UBSW
08/11/17
NO CHANGE
Target $21
UBSW
Neutral
Macy's Q2 better than feared, guidance hurts confidence, says UBS
UBS analyst Michael Binetti said Macy's reported Q2 results that were better than feared, but its second half guidance has damaged the confidence that its positive trends are sustainable. The analyst lowered his estimates and his price target to $21 from $23. Binetti maintained his Neutral rating on Macy's shares.
09/06/17
COWN
09/06/17
NO CHANGE
Target $23
COWN
Market Perform
Macy's in early innings of leadership transformation, says Cowen
Cowen analyst Oliver Chen believes Macy's is in the early innings of a leadership transformation which he believes should drive increased speed, digital innovation/integration, and accelerated product differentiation. He also sees less negative comps in the second half of 2017 on a continuation of product initiatives and new marketing initiatives. Chen maintained his Market Perform rating and $23 price target on Macy''s shares.
06/07/17
GSCO
06/07/17
NO CHANGE
Target $25
GSCO
Neutral
Macy's price target lowered to $25 from $28 at Goldman Sachs
Goldman analyst Lindsay Drucker Mann lowerd Macy's price target to $25 from $28 to reflect weaker margin trends and operating earnings following the company's Investor Day. The analyst is encouraged by the detail around strategic initiatives and has confidence in -3-4% FY17 comp guidance range. Shares are Neutral rated.
PVH PVH Corp.
$129.11

0.61 (0.47%)

08/24/17
UBSW
08/24/17
NO CHANGE
Target $140
UBSW
Buy
PVH Corp. price target raised to $140 from $128 at UBS
UBS analyst Michael Binetti raised his price target on PVH Corp. to $140 from $128 following Q2 results. The analyst cited accelerating underlying trends and said his long-term targets are getting easier to hit. He noted the growing international mix pushing up its revenue growth rate as well as its margin profile. Binetti reiterated his Buy rating on PVH Corp. shares.
08/24/17
PIPR
08/24/17
NO CHANGE
Target $148
PIPR
Overweight
PVH Corp. price target raised to $148 after 'beat and raise' Q2 at Piper Jaffray
Piper Jaffray analyst Erinn Murphy raised her price target on PVH Corp. to $148 from $143 after the company's "strong" Q2 report and guidance raise, stating she was impressed by the strength of the Spring 2018 orderbooks, which give her confidence on good near-term visibility. Murphy keeps an Overweight rating on PVH shares.
08/11/17
COWN
08/11/17
NO CHANGE
Target $140
COWN
Outperform
PVH Corp. price target raised to $140 from $120 at Cowen
Cowen analyst John Kernan raised his price target on PVH to $140 from $120 following positive Q2 results. The analyst sees the potential for the company to raise guidance given a positive order book, while consensus assumes a slowdown in 2018 sales. Kernan reiterated his Outperform rating on PVH Corp. shares.
08/24/17
WELS
08/24/17
NO CHANGE
WELS
PVH Corp. reported 'solid' Q2 results, says Wells Fargo
Wells Fargo says that PVH reported "solid," beat and raise Q2 results. The firm says that the company's international comparative sales growth "remains very strong," while its domestic business appears to be performing well so far this quarter. Wells raised its price target on the stock to $138 from $126 and keeps an Outperform rating on the shares.
MIK Michaels
$22.81

0.24 (1.06%)

09/05/17
BOFA
09/05/17
INITIATION
Target $29
BOFA
Buy
Michaels reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Elizabeth Suzuki reinstated Michaels with a Buy and a $29 price target saying she expects growth to be driven by store optimization and transformation, improved leverage of lower-cost product sourcing and exclusive brands. The analyst only expects "modest" online disruptions for the arts and crafts industry due to the "important" in-store experience.
07/24/17
07/24/17
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. Huntsman (HUN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Michael Sison saying he believes HuntsmanClariant will generate "attractive earnings growth" through the end of the decade. He also sees the IPO of Venator (VNTR) as a potential catalyst. 2. Caterpillar (CAT) upgraded to Outperform from Market Perform at BMO Capital with analyst Joel Tiss saying he expects the company to provide five year Earnings Per Share guidance at its September investor event "that could approach" his $16 outlook. 3. Michaels (MIK) upgraded to Overweight from Neutral at JPMorgan with analyst Christopher Horvers saying the risk/reward at current share levels is attractive. 4. Xerox (XRX) upgraded to Equal Weight from Underweight at Barclays with analyst Mark Moskowitz saying better market conditions and cost take-outs could help the company improve revenue and margins. 5. Leggett & Platt (LEG) upgraded to Long-Term Buy from Neutral at Hilliard Lyons with analyst Spencer Joyce saying the upgrade is not a call on Q2 results, but does expect positive commentary toward second half 2017 and believes valuation provides a compelling long-term entry point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/16/17
MSCO
06/16/17
NO CHANGE
Target $25
MSCO
Overweight
Michaels risk/reward positive, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman was positively surprised by the yesterday's investor meeting saying he did not fully appreciate the amount of innovation across the enterprise, merchandising, shopping experience, omni channel, and business opportunities. The analyst expects Q3 comps of +2%, which will enhance management credibility, demonstrate the stability of the business, and boost confidence. Gutman views Michaels' risk/reward as positive and reiterates his Overweight rating and $29 price target ahead of a same-store-sales rebound in the second half.
07/24/17
JPMS
07/24/17
UPGRADE
Target $23
JPMS
Overweight
Michaels upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Christopher Horvers upgraded Michaels to Overweight saying the risk/reward at current share levels is attractive. The analyst expects comps to turn positive in the second half of 2017 and keeps a $23 price target for the shares.
DKS Dick's Sporting
$27.13

0.7 (2.65%)

08/24/17
COWN
08/24/17
DOWNGRADE
COWN
Market Perform
Dick's Sporting downgraded to Market Perform from Outperform at Cowen
08/24/17
COWN
08/24/17
DOWNGRADE
Target $28
COWN
Market Perform
Dick's Sporting downgraded to Market Perform at Cowen
As previously reported, Cowen analyst John Kernan downgraded Dick's Sporting to Market Perform from Outperform citing his overestimation for the company to achieve guidance and maintain profitability in the face of structural and cyclical headwinds. He also noted the competition from other apparel companies, merchandising margin pressure, and shipping cost pressure. Kernan lowered his price target to $28 from $31 on Dick's Sporting shares.
08/24/17
08/24/17
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. Teva (TEVA) downgraded to Underperform from Neutral at Credit Suisse by analyst Vamil Divan, saying that while Teva has dramatically reduced 2017 guidance, the core challenges they are facing should not fade anytime soon. The analyst pointed out that pricing pressure and increased competition in the U.S. generics business will remain, the appointment of a full-time CEO is still pending and the threat of generic competition to Copaxone 40mg still looms. 2. Lowe's (LOW) downgraded to Market Perform from Outperform at BMO Capital by analyst Wayne Hood based on the company's results and guidance which he said were "disappointing." The analyst expects the company's profitability to remain "challenged" going forward. 3. Dick's Sporting (DKS) downgraded to Market Perform from Outperform at Cowen, saying it had overestimated the company's ability to achieve its prior guidance and maintain its profitability. Cowen pointed to a number of headwinds for Dick's, including increasing digital competition and the negative side of industry cyclical trends. 4. J.M. Smucker (SJM) downgraded to Neutral from Overweight at JPMorgan. 5. LaSalle Hotel (LHO) downgraded to Neutral from Outperform at Boenning & Scattergood by analyst Floris van Dijkum citing recent share outperformance and potential declining comparable EBITDA that could pressure future NAV. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/29/17
SBSH
08/29/17
DOWNGRADE
Target $5
SBSH
Sell
Finish Line downgraded to Sell from Neutral at Citi
Citi analyst Kate McShane downgraded Finish Line (FINL) to Sell and cut her price target for the shares to $5 from $14 after the company preannounced a Q2 miss and cut its outlook for the year. The shares in premarket trading are down 26%, or $2.71, to $7.71. The marketplace for athletic footwear became more promotional as Q2 progressed but Finish Line's earnings reduction appears worse than the market expected, McShane tells investors in a research note. She believes the competitive environment among athletic retailers "has only become more difficult" and that Finish Line suffers from being a smaller mall- based chain relative to Dick's Sporting Goods (DKS) and Foot Locker (FL). FBR Capital this morning also downgraded Finish Line.
UA Under Armour
$15.80

0.18 (1.15%)

08/02/17
SBSH
08/02/17
DOWNGRADE
Target $21
SBSH
Neutral
Under Armour downgraded to Neutral from Buy at Citi
Citi analyst Kate McShane downgraded Under Armour (UAA) and lowered her price target for the shares to $21 from $25. Following yesterday's guide-down, the shares look "too expensive for investors to jump into the name nearer-term," McShane tells investors. She expects the stock will continue trading in a tight range until the end of the year. Under Armour closed yesterday down 9%, or $1.72, to $18.30.
08/02/17
08/02/17
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. Under Armour (UA, UAA) downgraded to Neutral from Buy at Citi with analyst Kate McShane citing yesterday's guide-down, the shares look "too expensive for investors to jump into the name nearer-term." 2. Burlington Stores (BURL) downgraded to Neutral from Outperform at Credit Suisse with analyst Christian Buss saying that although the fundamentals of the company remain healthy, he sees limited upside to valuation as the multiples stay elevated despite more moderate industry growth prospects. 3. Big 5 Sporting (BGFV) downgraded to Hold from Buy at Deutsche Bank with analyst Mike Baker saying he expected Big Five's sales gains following The Sports Authority liquidation would decelerate at some point, but he notes that "trends fell off faster and to a greater extent than we suspected." 4. Ultimate Software (ULTI) downgraded to Hold from Buy at Deutsche Bank with analyst Nandan Amladi calling the second quarter results "mixed" and prefers to move to the sidelines until growth returns to the mid-20s target and leverage returns to the model. 5. ResMed (RMD) was downgraded to Neutral from Buy at BofA/Merrill and to Neutral from Outperform at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/18/17
SBSH
08/18/17
NO CHANGE
Target $81
SBSH
Buy
Foot Locker results and guidance 'greatly disappoints,' says Citi
Citi analyst Kate McShane says Foot Locker's (FL) Q2 results and outlook "greatly disappoints." The company posted its first negative comp since Q4 of 2009, McShane tells investors in a post-earnings research note. Along with Foot Locker, the analyst expects weakness in shares of Nike (NKE) and Finish Line (FINL) as well as Under Armour (UAA, UA) and Dick's Sporting Goods (DKS). McShane currently has a Buy rating on Foot Locker.
08/02/17
JEFF
08/02/17
INITIATION
Target $48
JEFF
Buy
Kohl's assumed with a Buy at Jefferies
Jefferies analyst Randal Konik assumed coverage of Kohl's (KSS) with a Buy rating and $48 price target. The analyst views the valuation as attractive amid negative sentiment and left recent store visits encouraged with trends in Active and the "positive reception" for Under Armour (UA, UAA) product.
DG Dollar General
$75.29

0.93 (1.25%)

06/19/17
RBCM
06/19/17
NO CHANGE
RBCM
Concerns over dollar stores 'way overdone,' says RBC Capital
RBC Capital analyst Scot Ciccarelli says that concerns about the dollar stores in the wake of the Whole Foods deal were "way overdone,." The analyst thinks that they compete in "a very different segment and customer base" than Whole Foods. Publicly traded dollar stores include Family Dollar (FDO) and Dollar General (DG).
08/14/17
UBSW
08/14/17
NO CHANGE
Target $85
UBSW
Buy
Execution the key for dollar store channel, says UBS
UBS analyst Michael Lasser noted the dollar store channel has faced stiff headwinds recently but think sound execution will allow Dollar Tree (DLTR) and Dollar General (DG) to stand out. The analyst audited several stores of both companies and came away confident Dollar General continues to execute at a higher level but Dollar Tree is committed to realizing its potential thereby unlocking serious value. Lasser has a Buy rating on both Dollar General with an $85 price target and a Buy rating and $100 price target on Dollar Tree shares.
08/25/17
BOFA
08/25/17
INITIATION
Target $90
BOFA
Buy
Dollar General reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Robert Ohmes reinstated Dollar General with a Buy and a $90 price target citing improving comps, margin initiatives that could drive upside, and strong cash generation.
08/25/17
08/25/17
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. Walgreens Boots Alliance (WBA) initiated with a Buy and CVS Health (CVS) and Fred's (FRED) initiated with a Hold at Loop Capital. 2. Adobe (ADBE), Intuit (INTU), GoDaddy (GDDY) initiated with a Buy at Jefferies, while Mindbody (MB) was initiated with a Hold. 3. New Oriental Education (EDU), Bright Scholar (BEDU) and TAL Education (TAL) initiated with Overweight ratings at Morgan Stanley. 4. WellCare (WCG) coverage assumed with an Overweight at Cantor. 5. Dollar Tree (DLTR) and Dollar General (DG) reinstated with Buy ratings at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
GPS Gap
$25.82

1.79 (7.45%)

09/01/17
09/01/17
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. Palo Alto Networks (PANW) was upgraded to Overweight from Neutral at JPMorgan and to Overweight from Equal-Weight at First Analysis. 2. Gap (GPS) upgraded to Neutral from Sell at Citi, with analyst Paul Lejuez saying concerns of a slowdown at Old Navy appear more priced in at current valuation levels. He raised his price target for the shares to $24 from $22. 3. Gerdau (GGB) upgraded to Overweight from Neutral at JPMorgan with analyst Rodolfo Angele saying the company's business environment has improved. 4. Owens & Minor (OMI) upgraded to Neutral from Underperform at Baird with analyst Eric Coldwell citing its relative underperformance. 5. Toronto-Dominion (TD) upgraded to Outperform from Sector Perform at National Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/17
JEFF
09/06/17
NO CHANGE
Target $35
JEFF
Buy
Gap taking right steps for the long-term, says Jefferies
Jefferies analyst Randal Konik says Gap's investor presentation today shows the retailer is taking the right steps to position its business for the long-term. In an intraday research note titled "A Presentation for the Ages...How You Get It Done Right!," Konik writes that he believes the $10B revenue target laid out for Old Navy underscores the ongoing momentum at the brand. He reiterates a Buy rating on Gap shares with a $35 price target.
08/18/17
UBSW
08/18/17
NO CHANGE
Target $23
UBSW
Sell
Gap beat expectations but downside risk remains, says UBS
UBS analyst Michael Binetti said Gap had solid Q2 results but he does not see signs of a sustainable earnings acceleration. The analyst sees downside risk from gross margins and SG&A pressure in the second half of the year but raised his estimates slightly due to the Q2 beat. Binetti reiterated his Sell rating and $23 price target on Gap shares.
09/01/17
SBSH
09/01/17
UPGRADE
Target $24
SBSH
Neutral
Gap upgraded to Neutral from Sell at Citi
Citi analyst Paul Lejuez upgraded Gap to Neutral citing low expectations and support from the 4% dividend yield. Concerns of a slowdown at Old Navy appear more priced in at current valuation levels, Lejuez tells investors in a research note. He raised his price target for the shares to $24 from $22. Gap closed yesterday up 14c to $23.62.
LOW Lowe's
$77.47

1.79 (2.37%)

08/24/17
BMOC
08/24/17
DOWNGRADE
BMOC
Market Perform
Lowe's downgraded on 'disappointing' results, guidance at BMO Capital
As noted earlier, BMO Capital downgraded Lowe's to Market Perform from Outperform. Analyst Wayne Hood downgraded the stock based on the company's results and guidance which he said were "disappointing." The analyst expects the company's profitability to remain "challenged" going forward. Target to $82 from $89.
09/05/17
BOFA
09/05/17
INITIATION
Target $95
BOFA
Lowe's reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Elizabeth Suzuki reinstated Lowe's (LOW) with a Buy and a $95 price target saying it may be entering a period of "catch-up" versus Home Depot (HD) through share growth of pro customers, while benefiting from a favorable housing cycle.
08/25/17
BARD
08/25/17
NO CHANGE
BARD
Outperform
Home Depot, Lowe's comps historically boosted by hurricanes, says Baird
Baird analyst Peter Benedict said that homecenters such as Home Depot (HD), Lowe's (LOW) and Tractor Supply (TSCO) historically see a positive impact on their comp sales, often of 50bps-plus, during quarters when hurricanes hit. In terms of potential exposure to Hurricane Harvey, Tractor Supply has the largest mix of Texas stores, followed by Home Depot and Lowe's, according to Benedict, who added that Harvey's potential impact seems likely to be less material than Hurricane Matthew or Hurricane Sandy, but should still "net out to some modest positive impact" to Q3 comps.
W Wayfair
$73.06

-0.57 (-0.77%)

09/06/17
09/06/17
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. Exxon Mobil (XOM) upgraded to Neutral from Sell at UBS with analyst Jon Rigby saying the shares have underperformed both the company's domestic and international peers in 2017. 2. Interpublic Group (IPG) was upgraded to Buy from Neutral at Citi, while Omnicom (OMC) was upgraded to Neutral from Sell. 3. Wayfair (W) upgraded to Buy from Accumulate at Gordon Haskett with analyst Chuck Grom saying data indicates Wayfair's direct revenue in the third quarter is tracking significantly ahead of plan. 4. AstraZeneca (AZN) upgraded to Buy from Neutral at Natixis. 5. IAMGold (IAG) upgraded to Outperformer from Neutral at CIBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/05/17
GDHS
09/05/17
UPGRADE
Target $89
GDHS
Buy
Wayfair upgraded to Buy from with $89 target at Gordon Haskett
Gordon Haskett analyst Chuck Grom upgraded Wayfair to Buy from Accumulate after today's close with an $89 price target. The online retailer closed the trading day up $1.17 to $73.63. Data indicates Wayfair's direct revenue in Q3 is tracking significantly ahead of plan, Grom tells investors in a research note.
09/01/17
IFSG
09/01/17
INITIATION
Target $85
IFSG
Outperform
Wayfair initiated with an Outperform at IFS Securities
IFS Securities analyst Ronald Bookbinder started Wayfair with an Outperform rating and $85 price target. The analyst thinks the online retailer's EBITDA could turn positive in Q4 and be a catalyst to drive shareholder value higher.
09/05/17
GDHS
09/05/17
UPGRADE
GDHS
Buy
Wayfair upgraded to Buy from Accumulate at Gordon Haskett
FND Floor & Decor
$37.95

1.25 (3.41%)

09/05/17
BOFA
09/05/17
INITIATION
Target $42
BOFA
Buy
Floor & Decor reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Elizabeth Suzuki reinstated Floor & Decor with a Buy and a $42 price target saying its is the low-price leader in an attractive niche market with double digit comps and double-digit new store openings.
08/18/17
08/18/17
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. Pointer Telocation (PNTR) initiated with a Buy at B. Riley. 2. Heron Therapeutics (HRTX) assumed with an Overweight at Cantor. 3. OPKO Health (OPK) initiated with an Overweight at Cantor. 4. Floor & Decor (FND) initiated with a Hold at Loop Capital. 5 TPG RE Finance (TRTX) initiated with an Outperform at JMP Securities and a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/24/17
WEDB
07/24/17
UPGRADE
WEDB
Outperform
Floor & Decor upgraded on valuation at Wedbush
As noted earlier, Wedbush upgraded Floor & Decor to Outperform from Neutral. Analyst Seth Basham upgraded the stock based on valuation. Target $45.
08/18/17
LOOP
08/18/17
INITIATION
Target $35
LOOP
Hold
Floor & Decor initiated with a Hold at Loop Capital
Loop Capital analyst Anthony Chukumba started Floor & Decor Holdings with a Hold rating and $35 price target. The analyst prefers to wait for a more attractive entry point.
SVU Supervalu
$19.98

0.47 (2.41%)

08/25/17
08/25/17
NO CHANGE

Price cuts not a 'silver bullet' for Amazon to disrupt grocery, says Citi
Citi analyst Alvin Concepcion noted that a number of food retail stocks sold off yesterday after Amazon (AMZN) announced price reductions on certain top selling items at Whole Foods (WFM) stores beginning on Monday when their deal closes, but he contends "price cuts alone are not a silver bullet to becoming a disruptive threat" in an industry that already has many discount operators. He adds that he would be wary of a more significant negative overreaction to news around Amazon's price plans at Whole Foods at this time. Some of the food retailing stocks that declined yesterday included Wal-Mart (WMT), Target (TGT), Kroger (KR), Sprouts Farmers Market (SFM), Costco (COST) and Supervalu (SVU).
06/28/17
RBCM
06/28/17
NO CHANGE
RBCM
Supervalu shares 'very attractive' after retreat, says RBC Capital
RBC Capital analyst William Kirk says that the synergies from Supervalu's acquisition of Unified Grocers can exceed its guidance, while Supervalu's wholesale revenue looks set to meaningfully exceed expectations in fiscal 2018. The analyst says that the decline in the stock following the Whole Foods deal is overdone, as Supervalu obtains the lion's share of its revenue from its wholesale business and has a much less urban customer base than Whole Foods Kirk says that Supervalu's stock is "Very attractive" at current levels and keeps a $6 price target and an Outperform rating on the shares.
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.
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.
VVV Valvoline
$21.24

0.07 (0.33%)

01/31/17
GHSC
01/31/17
DOWNGRADE
GHSC
Neutral
Valvoline downgraded to Neutral from Buy at Seaport Global
Seaport Global analyst Michael Harris downgraded Valvoline to Neutral and a $25 price target saying valuation reflects opportunities.
06/07/17
GHSC
06/07/17
UPGRADE
Target $26
GHSC
Buy
Valvoline upgraded to Buy from Neutral at Seaport Global
Seaport Global analyst Michael Harrison upgraded Valvoline to Buy from Neutral and maintained a $26 price target. The analyst expects the oil market to return to looser supply/demand and pricing to decline in the summer once Motiva completes its Port Arthur, TX turnaround in June, which would be a positive for Valvoline margins. Further, the analyst believes Valvoline can leverage its best-in-class operations and advertising spend to capture growing share of the shift from DIY to do-it-for-me and also expects International growth to remain strong.
06/07/17
06/07/17
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. Ormat Technologies (ORA) upgraded to Overweight from Neutral at JPMorgan with analyst Paul Coster saying he believes the company is well positioned to continue posting revenue growth and margin expansion over the next few years. 2. Tenet (THC) upgraded to Outperform from Market Perform at Leerink. 3. Cott Corp. (COT) and Dr Pepper Snapple (DPS) were upgraded to Outperform from Market Perform at BMO Capital. 4. Sun Life Financial (SLF) upgraded to Outperform from Sector Perform at RBC Capital with analyst Darko Mihelic saying net flows and Assets Under Management at the company's MFS unit have improved over the last two months. He also notes that the stock has fallen about 12% since February. 5. Valvoline (VVV) upgraded to Buy from Neutral at Seaport Global with analyst Michael Harrison saying he expects the oil market to return to looser supply/demand and pricing to decline in the summer once Motiva completes its Port Arthur, TX turnaround in June, which would be a positive for Valvoline 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.
08/22/17
JEFF
08/22/17
NO CHANGE
JEFF
Weak spending from Hispanic consumers likely temporary, says Jefferies
A team of Jefferies analysts note that several consumer companies have flagged weakness from Hispanic consumers during this earnings season, which they attribute to likely being linked to uncertainty around immigration policy more than a result of a deteriorating economic backdrop. Companies that have been hurt may be due for a rebound as this is assumed to be a short term phenomenon and some have already noted improvement, the team tells investors. Some of the companies that recently have specifically flagged weakness in Hispanic spending include Foot Locker (FL), Murphy USA (MUSA), O'Reilly Automotive (ORLY), Target (TGT), Valvoline (VVV) and Wingstop (WING), the firm noted.
ROST Ross Stores
$59.15

0.16 (0.27%)

08/18/17
RHCO
08/18/17
NO CHANGE
RHCO
Ross Stores should be bought into strength, says SunTrust
SunTrust analyst Pamela Quintiliano says that Ross Stores reported "very strong" Q2 results and continues to execute well. She thinks the company is well-positioned to continue to outperform and recommends buying the shares on strength.
08/02/17
FBCO
08/02/17
NO CHANGE
Target $64
FBCO
Neutral
Ross Stores price target lowered to $64 from $70 at Credit Suisse
Credit Suisse analyst Christian Buss lowered his price target for Ross Stores to $64 from $70 given the recent deceleration of returns and widened gap between the off-price group's share price versus the rest of the retail group. The analyst also notes that the company also continues to expand square footage. He reiterates a Neutral rating on the shares.
08/18/17
WELS
08/18/17
NO CHANGE
WELS
Ross Stores reported 'very solid' Q2 results, says Wells Fargo
Wells Fargo says that Ross Stores reported "very solid" Q2 results "with no holes to poke at." " Wells thinks that the company dispelled investors' concerns, partly because its comp sales came in above expectations and it increased its merchant margins,. Wells keeps an Outperform rating on the shares.
08/15/17
WELS
08/15/17
NO CHANGE
WELS
TJX results bode well for off-price sector, says Wells Fargo
Wells Fargo analyst Ike Boruchow says that TJX's (TJX) better than expected Q2 results bode well for the off-price retail sector. The analyst notes that the company's merchandise margins rebounded in Q2, even though its overall gross margins came in below expectations due to "losses on inventory hedges," Other companies in the sector include Ross Stores, (ROST) and Burlington Stores (BURL). The analyst keeps Outperform ratings on all three stocks.

TODAY'S FREE FLY STORIES

JOE

Saint Joe Co.

$18.60

0.45 (2.48%)

16:46
09/22/17
09/22
16:46
09/22/17
16:46
Hot Stocks
Breaking Hot Stocks news story on Saint Joe Co. »

Fairholme raises stake in…

03/08/13
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16:40
09/22/17
09/22
16:40
09/22/17
16:40
General news
Moody's downgrades UK's rating to Aa2, changes outlook to stable »

Moody's Investors…

A

Agilent

$65.78

-0.14 (-0.21%)

, MRK

Merck

$65.13

-0.47 (-0.72%)

16:36
09/22/17
09/22
16:36
09/22/17
16:36
Hot Stocks
Agilent receives expanded FDA approval for the use of Dako PD-L1 IHC 22C3 »

Agilent Technologies…

A

Agilent

$65.78

-0.14 (-0.21%)

MRK

Merck

$65.13

-0.47 (-0.72%)

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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    Nov

TYHT

Shineco

$3.23

-0.45 (-12.23%)

16:35
09/22/17
09/22
16:35
09/22/17
16:35
Hot Stocks
Shineco enters into strategic cooperation to establish Apocynum Industrial Park »

Shineco announced that…

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

16:34
09/22/17
09/22
16:34
09/22/17
16:34
Hot Stocks
Appliance Recycling gets written notice of default »

On September 20,…

03/08/13
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RNVA

Rennova Health

$0.22

0.0086 (4.07%)

16:31
09/22/17
09/22
16:31
09/22/17
16:31
Hot Stocks
Rennova Health announces 1 for 15 reverse stock split »

Rennova Health announced…

03/08/13
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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

16:31
09/22/17
09/22
16:31
09/22/17
16:31
Hot Stocks
Breaking Hot Stocks news story on Appliance Recycling »

Appliance Recycling gets…

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16:30
09/22/17
09/22
16:30
09/22/17
16:30
Options
Preliminary option volume of 13.9M today »

Preliminary option volume…

EKSO

Ekso Bionics

$1.28

0.14 (12.28%)

16:23
09/22/17
09/22
16:23
09/22/17
16:23
Hot Stocks
Ekso Bionics awarded government contract »

The Department of…

03/08/13
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UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

, AET

Aetna

$153.57

0.18 (0.12%)

16:22
09/22/17
09/22
16:22
09/22/17
16:22
General news
On The Fly: Top stock stories for Friday »

The major averages…

UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

AET

Aetna

$153.57

0.18 (0.12%)

ANTM

Anthem

$182.86

-0.64 (-0.35%)

CI

Cigna

$182.74

0.61 (0.33%)

AAPL

Apple

$151.89

-1.5 (-0.98%)

FSLR

First Solar

$51.41

2.65 (5.43%)

FINL

Finish Line

$9.73

0.51 (5.53%)

ASND

Ascendis Pharma

$34.24

6.5 (23.43%)

VSAR

Versartis

$2.68

-18.925 (-87.62%)

ICPT

Intercept

$61.59

-12.11 (-16.43%)

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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  • 22

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DLR

Digital Realty

$114.51

-1.72 (-1.48%)

16:19
09/22/17
09/22
16:19
09/22/17
16:19
Syndicate
Breaking Syndicate news story on Digital Realty »

Digital Realty files…

03/08/13
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$NSD

NASDAQ Market Internals

16:17
09/22/17
09/22
16:17
09/22/17
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

03/08/13
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03/06/13
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TSS

TSYS

$69.09

0.28 (0.41%)

16:16
09/22/17
09/22
16:16
09/22/17
16:16
Hot Stocks
TSYS announces resignation of COO Pamela Joseph »

TSYS announced that…

03/08/13
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$NYE

NYSE Market Internals

16:16
09/22/17
09/22
16:16
09/22/17
16:16
Technical Analysis
NYSE market internals summary »

Volume was below average…

03/08/13
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FB

Facebook

$170.54

-0.57 (-0.33%)

16:15
09/22/17
09/22
16:15
09/22/17
16:15
Hot Stocks
Facebook's Zuckerberg plans to sell up to 75M shares to fund charity initiatives »

On September 22 Mr.…

03/08/13
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  • 03

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  • 22

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IDA

IDACORP

$87.79

-0.73 (-0.82%)

16:13
09/22/17
09/22
16:13
09/22/17
16:13
Hot Stocks
IDACORP raises quarterly dividend 7.3% to 59c per share »

The dividend declaration,…

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03/06/13
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VLRX

Valeritas

$3.06

-0.23 (-6.99%)

16:13
09/22/17
09/22
16:13
09/22/17
16:13
Syndicate
Valeritas announces common stock purchase agreement by Aspire Capital »

Valeritas Holdings…

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FB

Facebook

$170.54

-0.57 (-0.33%)

16:12
09/22/17
09/22
16:12
09/22/17
16:12
Hot Stocks
Facebook dumps plan for new class of shares »

On September 21 the board…

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  • 03

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  • 22

    Oct

DCIX

Diana Containerships

$0.42

-0.0373 (-8.16%)

16:11
09/22/17
09/22
16:11
09/22/17
16:11
Hot Stocks
Diana Containerships announces one-for-three reverse stock split »

Diana Containerships…

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SEP

Spectra Energy Partners

$43.89

0.34 (0.78%)

16:10
09/22/17
09/22
16:10
09/22/17
16:10
Syndicate
Breaking Syndicate news story on Spectra Energy Partners »

Spectra Energy Partners…

03/08/13
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SEV

Sevcon

$22.04

0.04 (0.18%)

, BWA

BorgWarner

$50.00

0.41 (0.83%)

16:10
09/22/17
09/22
16:10
09/22/17
16:10
Hot Stocks
Sevcon stockholders approve acquisition by BorgWarner »

Sevcon (SEV) announced…

SEV

Sevcon

$22.04

0.04 (0.18%)

BWA

BorgWarner

$50.00

0.41 (0.83%)

03/08/13
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03/06/13
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  • 22

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ATOS

Atossa Genetics

$0.49

-0.0296 (-5.71%)

16:07
09/22/17
09/22
16:07
09/22/17
16:07
Syndicate
Breaking Syndicate news story on Atossa Genetics  »

Atossa Genetics files…

03/08/13
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CB

Chubb

$142.68

-0.27 (-0.19%)

16:06
09/22/17
09/22
16:06
09/22/17
16:06
Hot Stocks
Chubb CEO issues statement on EU-U.S. covered agreement »

Evan Greenberg, Chairman…

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 27

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  • 31

    Jan

AAPL

Apple

$153.39

-2.68 (-1.72%)

15:40
09/22/17
09/22
15:40
09/22/17
15:40
Options
Active trading in Apple as iPhone 8 makes a debut »

Active trading in Apple…

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03/06/13
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  • 22

    Oct

MRK

Merck

15:39
09/22/17
09/22
15:39
09/22/17
15:39
Hot Stocks
Merck gets FDA approval for Keytruda »

Merck announced that the…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 22

    Sep

  • 26

    Sep

  • 08

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    Nov

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