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APRN

Blue Apron

$5.34

-0.03 (-0.56%)

, AMZN

Amazon.com

$982.58

4.62 (0.47%)

13:47
09/13/17
09/13
13:47
09/13/17
13:47

Blue Apron CEO: Amazon-Whole Foods deal doesn't change strategy, Recode says

Blue Apron (APRN) CEO Matt Salzberg said that Amazon's (AMZN) acquisition of Whole Foods did not have any impact on the meal delivery service's strategy, Recode reports, citing Salzberg's comments at Code Commerce. The CEO said that the competition from Amazon is "applicable" to Blue Apron's space, but that what the tech giant is doing is "much different" from what Blue Apron is aiming for, the report says. "So you know it was interesting timing, as it related to our IPO for sure, but it didn't change, obviously, our business strategy," Salzberg said, "and in terms of what we focus on as a company." Reference Link

APRN

Blue Apron

$5.34

-0.03 (-0.56%)

AMZN

Amazon.com

$982.58

4.62 (0.47%)

APRN Blue Apron
$5.34

-0.03 (-0.56%)

08/18/17
08/18/17
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. Blue Apron (APRN) downgraded to Hold from Buy at Stifel WITH analyst Scott Devitt saying Blue Apron is facing challenges with the transition to its new fulfillment center in Linden, NJ while at the same time dealing with lower fulfillment efficiency/accuracy stemming from its recent broader product expansion. 2. PNM Resources (PNM) was downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Buy at Ladenburg. 3. Deere (DE) downgraded to Neutral from Outperform at Baird with analyst Mig Dobre citing third quarter results which were below his expectations as the pace of margin improvement lagged his forecast. 4. Foot Locker (FL) downgraded to Market Perform from Outperform at Telsey Advisory. 5. Brunswick (BC) downgraded to Neutral from Outperform at Wedbush with analyst James Hardiman citing July SSI data that was significantly worse than expected, which showed just 2% growth for the industry and a 3% decline for the company. 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
STFL
08/18/17
DOWNGRADE
Target $6
STFL
Hold
Blue Apron downgraded to Hold from Buy at Stifel
Stifle analyst Scott Devitt downgraded Blue Apron to Hold and cut its price target to $6 from $8 following a further review of last weeks Q2 report. The analyst said Blue Apron is facing challenges with the transition to its new fulfillment center in Linden, NJ while at the same time dealing with lower fulfillment efficiency/accuracy stemming from its recent broader product expansion. Devitt views current visibility as low into the timing and path to a correction and believes improvement on both initiatives could take several quarters.
08/11/17
08/11/17
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. Blue Apron (APRN) was downgraded to Hold from Buy at SunTrust, to Neutral from Buy at Citi, and to Perform from Outperform at Oppenheimer. 2. Snap (SNAP) downgraded to Neutral from Buy at Monness Crespi. 3. Navios Acquisition (NNA) downgraded to Neutral from Buy at Citi with analyst Christian Wetherbee saying he is becoming more concerned about the sustainability of the company's dividend with existing charters rolling off in the coming four quarters, following the company's quarterly results. 4. Masonite (DOOR) downgraded to Hold from Buy at Stifel with analyst John Baugh saying Wednesday night's results marked the second consecutive quarter of disappointment on the top and bottom lines. 5. Hudson Technologies (HDSN) downgraded to Neutral from Buy at B. Riley with analyst Sarkis Sherbetchyan saying the shares are fairly priced following the company's second quarter report. The analyst raised his price target for the stock to $10 from $8.50. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/11/17
NEED
08/11/17
NO CHANGE
Target $6.5
NEED
Buy
Blue Apron target cut to $6.50, Buy rating maintained at Needham
Needham analyst Kerry Rice lowered his price target on Blue Apron to $6.50 from $10 after the company gave disappointing second half guidance along with its Q2 report. While disappointed, he believes the negative news is reflected in the share price and once the company's Linden facility is fully ramped he expects revenue to reaccelerate and margins to improve. Rice keeps a Buy rating on Blue Apron shares.
AMZN Amazon.com
$982.58

4.62 (0.47%)

09/13/17
09/13/17
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) initiated with a Buy at Loop Capital. 2. Square (SQ) initiated with an Overweight at Cantor. 3. Molson Coors (TAP) initiated with a Sell at Berenberg. 4. Build-A-Bear (BBW) initiated with a Buy at Jefferies. 5. Regis (RGS) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/13/17
STFL
09/13/17
NO CHANGE
STFL
Online trend continues as risk in dental consumables, says Stifel
Stifel analyst Jonathan Block said his survey of 106 dental practices showed that online vendors are gaining traction, and this trend is expected to continue. 39% of respondents currently use an online vendor such as Amazon (AMZN) for 21% of their dental consumables and traction among current users is expected to climb higher while additional practices plan to start using an online vendor, noted Block, who views this trend as a long-term headwind for Patterson Companies (PDCO) and Henry Schein (HSIC). In the Dental space, he keeps a Buy rating on Dentsply Sirona (XRAY), a Hold on Henry Schein, and a Sell on Patterson.
09/12/17
LOOP
09/12/17
INITIATION
Target $1200
LOOP
Buy
Amazon.com initiated with a Buy at Loop Capital
Loop Capital analyst Anthony Chukumba started Amazon.com with a Buy rating and $1,200 price target, saying he sees the company's e-commerce and cloud computing platforms yielding "many years" of robust growth.
09/12/17
MSCO
09/12/17
NO CHANGE
MSCO
Augmented Reality the next 'killer app' to power Apple, says Morgan Stanley
A team of Morgan Stanley analysts including Katy Huberty, Brian Nowak and Grace Chen, among others, state in a new note to investors that they view Augmented Reality, or AR, as a revolutionary trend that can be "the next killer app" to extend the life of the smartphone market and accelerate device upgrades, led by Apple's (AAPL) iPhone. The analysts, who compare the impact of AR to the launch of Apple's App Store nearly a decade ago, add that they "don't expect the Android ecosystem to stand still in response." Huberty and the team raised the firm's "bull case" valuation of Apple, which they see taking the lead in AR, to $253 from $203. While they see Apple as "the clear leader" in AR, Google (GOOG) and Tencent (TCEHY) are also well-positioned and "interesting use cases" in e-commerce could benefit Alibaba (BABA) and Amazon (AMZN), they add.

TODAY'S FREE FLY STORIES

JOE

Saint Joe Co.

$18.60

0.45 (2.48%)

16:46
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16:46
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16:40
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General news
Moody's downgrades UK's rating to Aa2, changes outlook to stable »

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A

Agilent

$65.78

-0.14 (-0.21%)

, MRK

Merck

$65.13

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Agilent

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MRK

Merck

$65.13

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TYHT

Shineco

$3.23

-0.45 (-12.23%)

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

16:34
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Appliance Recycling gets written notice of default »

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RNVA

Rennova Health

$0.22

0.0086 (4.07%)

16:31
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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

16:31
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Hot Stocks
Breaking Hot Stocks news story on Appliance Recycling »

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16:30
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Options
Preliminary option volume of 13.9M today »

Preliminary option volume…

EKSO

Ekso Bionics

$1.28

0.14 (12.28%)

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

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UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

, AET

Aetna

$153.57

0.18 (0.12%)

16:22
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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
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DLR

Digital Realty

$114.51

-1.72 (-1.48%)

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

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$NSD

NASDAQ Market Internals

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

Volume was average for…

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TSS

TSYS

$69.09

0.28 (0.41%)

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

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$NYE

NYSE Market Internals

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

Volume was below average…

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FB

Facebook

$170.54

-0.57 (-0.33%)

16:15
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Facebook's Zuckerberg plans to sell up to 75M shares to fund charity initiatives »

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IDA

IDACORP

$87.79

-0.73 (-0.82%)

16:13
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IDACORP raises quarterly dividend 7.3% to 59c per share »

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VLRX

Valeritas

$3.06

-0.23 (-6.99%)

16:13
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Syndicate
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FB

Facebook

$170.54

-0.57 (-0.33%)

16:12
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Facebook dumps plan for new class of shares »

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DCIX

Diana Containerships

$0.42

-0.0373 (-8.16%)

16:11
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SEP

Spectra Energy Partners

$43.89

0.34 (0.78%)

16:10
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Breaking Syndicate news story on Spectra Energy Partners »

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SEV

Sevcon

$22.04

0.04 (0.18%)

, BWA

BorgWarner

$50.00

0.41 (0.83%)

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SEV

Sevcon

$22.04

0.04 (0.18%)

BWA

BorgWarner

$50.00

0.41 (0.83%)

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ATOS

Atossa Genetics

$0.49

-0.0296 (-5.71%)

16:07
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Breaking Syndicate news story on Atossa Genetics  »

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CB

Chubb

$142.68

-0.27 (-0.19%)

16:06
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AAPL

Apple

$153.39

-2.68 (-1.72%)

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

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  • 22

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MRK

Merck

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

Merck announced that the…

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