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AZO

AutoZone

$587.13

3.65 (0.63%)

, BGFV

Big 5 Sporting

$7.45

-0.1 (-1.32%)

08:29
09/27/17
09/27
08:29
09/27/17
08:29

Deutsche Bank to hold a tour

Retail Store Tour and 1:1 Day consists of a store tour and dinner on September 27 followed by a Conference on September 28 consisting of 1:1s being held in Chicago.

AZO

AutoZone

$587.13

3.65 (0.63%)

BGFV

Big 5 Sporting

$7.45

-0.1 (-1.32%)

BIG

Big Lots

$51.18

-0.05 (-0.10%)

BKE

The Buckle

$16.85

0.35 (2.12%)

CASY

Casey's General Stores

$110.88

0.7 (0.64%)

DLTR

Dollar Tree

$84.89

-0.1 (-0.12%)

FRED

Fred's

$6.35

-0.39 (-5.79%)

HD

Home Depot

$161.26

0.16 (0.10%)

JCP

J.C. Penney

$3.98

0.05 (1.27%)

JILL

J.Jill

$10.68

-0.01 (-0.09%)

SPTN

SpartanNash

$26.14

0.22 (0.85%)

SYY

Sysco

$54.11

0.02 (0.04%)

ULTA

Ulta Beauty

$218.99

0.1 (0.05%)

  • 27

    Sep

  • 27

    Sep

  • 30

    Oct

AZO AutoZone
$587.13

3.65 (0.63%)

09/20/17
SBSH
09/20/17
NO CHANGE
Target $700
SBSH
Buy
AutoZone results encouraging despite stock selloff, says Citi
Citi analyst Kate McShane views AutoZone's Q4 results as encouraging despite the corresponding selloff in the shares. The main takeaway from the report was the positive momentum in comps following last quarter's decline, McShane tells investors in a post-earnings research note. The stabilization and improvement from last quarter support the belief that industry fundamentals remain solid, the analyst adds. She lowered her price target for AutoZone shares to $700 from $750 and keeps a Buy rating on the name.
09/20/17
WEDB
09/20/17
NO CHANGE
Target $580
WEDB
Neutral
AutoZone price target lowered to $580 from $590 at Wedbush
Wedbush analyst Seth Basham lowered his price target for AutoZone to $580 from $590 following quarterly results as he believes sales and expense pressures are likely to persist. The analyst reiterates a Neutral rating on the shares.
09/20/17
FBCO
09/20/17
NO CHANGE
Target $583
FBCO
Outperform
AutoZone pullback seems overdone, says Credit Suisse
Credit Suisse analyst Seth Sigman notes that AutoZone's stock traded off largely on concerns over higher expenses and limited visibility towards getting back to double digit growth in the near-term. While valid, the analyst believes that is more than reflected in the stock, and some of the more recent debates seem to be addressed. Sigman continues to see value, and reiterates an Outperform rating and $583 price target on the shares.
09/21/17
SPHN
09/21/17
NO CHANGE
Target $550
SPHN
Equal Weight
AutoZone price target lowered to $550 from $620 at Stephens
Stephens analyst Ben Bienvenu said AutoZone management's commentary around its strategic initiatives leads him to believe the timeline for material improvement is likely extended and he fears earnings growth may remain suppressed in the near-term as industry demand is hampered by another mild winter, slowing miles driven growth and a slower increase in the average ages of cars on the road. Given these headwinds, he lowered his price target on AutoZone to $550 from $620 and keeps an Equal Weight rating on the shares.
BGFV Big 5 Sporting
$7.45

-0.1 (-1.32%)

10/06/16
DBAB
10/06/16
UPGRADE
Target $16.5
DBAB
Buy
Big 5 Sporting upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Mike Baker upgraded Big 5 Sporting Goods to Buy citing accelerating sales trends and higher earnings power from profitability improvements. The analyst believes the shares are not fully reflecting these positives and he upped his price target for the name to $16.50 from $10.
08/02/17
DBAB
08/02/17
DOWNGRADE
Target $10
DBAB
Hold
Big 5 Sporting downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Mike Baker downgraded Big 5 Sporting Goods to Hold and halved his price target for the shares to $10 from $20. The analyst had 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." This is indicative of not only weaker industry trends but also increased competition from online channels, the analyst tells investors in a research note following Big 5's Q2 results.
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.
10/06/16
10/06/16
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. AutoNation (AN) upgraded to Neutral from Sell at Goldman with analyst David Tamberrino saying valuation has bottomed and could be flat to slightly up in the near-term as SAAR bounces around the low-to-mid 17M range. 2. Trina Solar (TSL), Yingli Green Energy (YGE), and JA Solar (JASO) were upgraded to Buy from Sell at Axiom while the firm upgraded SolarCity (SCTY) to Hold from Sell. 3. PNC Financial (PNC) upgraded to Market Perform from Underperform at Raymond James with analyst David Long saying negative earnings revisions over the past two years have likely hit an inflection point. 4. Big 5 Sporting (BGFV) upgraded to Buy from Hold at Deutsche Bank with analyst Mike Baker citing accelerating sales trends and higher earnings power from profitability improvements. 5. Booz Allen (BAH) upgraded to Outperform from Market Perform at Raymond James with analyst Brian Gesuale saying the recent selloff creates an attractive 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.
BIG Big Lots
$51.18

-0.05 (-0.10%)

09/25/17
MSCO
09/25/17
INITIATION
Target $58
MSCO
Overweight
Big Lots initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Vincent Sinisi initiated Big Lots with an Overweight rating and $58 price target, saying that while the market doubts the company's transformation, he is more bullish on its shift to a more targeted merchandising model and sees a path to steady performance.
08/30/17
LOOP
08/30/17
NO CHANGE
Target $64
LOOP
Buy
Big Lots should consider going private, says Loop Capital
Loop Capital analyst Anthony Chukumba said he believes Big Lots would be attractive to private equity sponsors, that current leveraged finance market conditions would support such a transaction, and that the company should consider going private given the "lack of respect" that its sizeable discount to its peers indicates. A leveraged buyout at $60 per share could be financed and would generate returns "comfortably above" those that private equity firms typically target, he tells investors, adding that he has "no reason to believe a deal is imminent." Chukumba keeps a Buy rating and $64 price target on Big Lots shares.
09/25/17
09/25/17
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. Johnson & Johnson (JNJ) initiated with a Neutral at Citi. 2. CoreSite Realty (COR) initiated with a Neutral at JPMorgan. 3. Hi-Crush Partners (HCLP) initiated with an Overweight at Piper Jaffray. 4. Zillow (Z, ZG) initiated with a Neutral at Macquarie. 5. Big Lots (BIG) initiated with an Overweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/25/17
07/25/17
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. Mondelez (MDLZ) upgraded to Overweight from Neutral at Piper Jaffray with analyst Michael Lavery saying favorable sugar and cocoa costs provide a boost to margins. 2. Big Lots (BIG) upgraded to Buy from Hold at Deutsche Bank analyst Paul Trussell saying the current valuation is "compelling" given the disconnect between the company's "impressive" operating profit growth and multiple. 3. Werner (WERN) upgraded to Neutral from Underperform at BofA/Merrill with analyst Ken Hoexter saying truckload utilization and rates are turning positive. 4. Atlassian (TEAM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Sanjit Singh saying has increased confidence in expansion trends of the user base and said there are clear signs of pricing power, supporting 30% topline growth and 40% free cash flow CAGR over the next 3 years. 5. DSW (DSW) upgraded to Buy from Hold at Deutsche Bank with analyst Paul Trussell saying the shares offer an "intriguing non-apparel value play." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BKE The Buckle
$16.85

0.35 (2.12%)

05/19/17
05/19/17
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. Macquarie analyst Amy Yong downgraded Pandora (P) to Neutral from Outperform and trimmed her price target to $11 saying potential M&A is to "tough to call" and fundamentals are "choppy." The analyst believes Pandora could sell Ticketfly which would free up financial capacity and help management focus on the core business, but said if neither a sale or M&A materializes, its standalone strategy will be the focus. 2. Wells Fargo analyst Jeff Farmer downgraded Bloomin' Brands (BLMN) to Market Perform saying Street estimates could prove aggressive due to labor costs while share repurchases are decelerating. 3. Deutsche Bank analyst Tiffany Kanaga downgraded The Buckle (BKE) to Sell, citing a lack of near-term support post the Q1 report and continued long-term concerns. 4. HSBC analyst Steve McGarry downgraded Shire (SHPG) to Reduce, saying that while the hereditary angioedema data are positive, investors should avoid the "hemophilia risk." 5. RBC Capital analyst Matthew Hedberg downgraded Symantec (SYMC) to Sector Perform from Outperform, citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/07/17
DBAB
04/07/17
UPGRADE
Target $16
DBAB
Hold
The Buckle upgraded to Hold from Sell at Deutsche Bank
Deutsche Bank analyst Tiffany Kanaga upgraded The Buckle to Hold saying she sees near-term valuation support with the stock down 52% in the past year. The analyst believes the retailer's good momentum can extend at least into April. She upped her price target for the shares to $16 from $15.
05/19/17
DBAB
05/19/17
DOWNGRADE
Target $16
DBAB
Sell
The Buckle downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank analyst Tiffany Kanaga downgraded The Buckle to Sell citing a lack of near-term support post the Q1 report and continued long-term concerns. The analyst expects negative same-store-sales to drive a 20% decline in earnings in each of the next three years. She keeps a $16 price target for the shares.
CASY Casey's General Stores
$110.88

0.7 (0.64%)

07/19/17
JEFF
07/19/17
NO CHANGE
JEFF
Jefferies lays out stocks 'overly discounting' Amazon risk
Amazon.com's (AMZN) planned purchase of Whole Foods Market (WFM) has further widened the valuation spread between consumer stocks the market views as resistant to the Aamzon threat and those viewed as vulnerable, Jefferies analysts including Andy Barish and Daniel Binder tells investors in a research note. They believe this dynamic has created opportunities. Specifically, the analysts feel shares of Wal-Mart (WMT), Hain Celestial (HAIN), Foot Locker (FL) and Advance Auto Parts (AAP) are "overly discounting" potential risk from Amazon. Jefferies also believes Casey's General Stores (CASY), Lamb Weston (LW), Murphy USA (MUSA), Monster Beverage (MNST), Starbucks (SBUX) and Ulta Beauty (ULTA) are "well insulated" from Amazon disruption.
06/06/17
SIDC
06/06/17
DOWNGRADE
SIDC
Neutral
Casey's General Stores downgraded to Neutral from Buy at Sidoti
Sidoti analyst Anthony Lebiedzinski downgraded Casey's General Store to Neutral and cut its price target to $118 from $130 citing disappointing Q4 results and guidance.
04/27/17
04/27/17
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. Microsoft (MSFT) initiated with an Outperform at Credit Suisse. 2. Casey's General Stores (CASY) initiated with a Neutral at Goldman Sachs. 3. Sunoco Logistics (SXL) resumed with a Buy at Citi. 4. Peabody Energy (BTU) initiated with a Buy at MKM Partners. 5. Dexcom (DXCM) assumed with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/06/17
06/06/17
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. Casey's General Stores (CASY) downgraded to Neutral from Buy at Sidoti with analyst Anthony Lebiedzinski citing disappointing fourth quarter results and guidance. 2. ArcelorMittal (MT) downgraded to Underperform from Buy at BofA/Merrill with analyst Cedar Ekblom citing lack of stock-specifc catalysts and steel price headwinds. 3. ITT (ITT) downgraded to Neutral from Buy at Goldman Sachs with analyst Joe Ritchie saying he sees limited room for upward revisions to earnings estimates and believes negative sentiment around auto will remain an overhang on the valuation multiple. 4. Omnicom (OMC) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen citing likely cyclical moderation ahead that will pressure agency growth rates.5. Interpublic Group (IPG) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen citing cyclical moderation ahead that will pressure agency growth rates. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DLTR Dollar Tree
$84.89

-0.1 (-0.12%)

08/29/17
BERN
08/29/17
UPGRADE
BERN
Market Perform
Dollar Tree upgraded on valuation, Family Dollar performance at Bernstein
As noted earlier, Bernstein upgraded Dollar Tree to Market Perform from Underperform. As reasons for the upgrade, analyst Brandon Fletcher cited valuation, what he sees as the "good" results of Family Dollar, and his belief that Family Dollar's outlook will improve "within a year or two." Target to $78 from $65.
08/28/17
BERN
08/28/17
UPGRADE
BERN
Market Perform
Dollar Tree upgraded to Market Perform from Underperform at Bernstein
08/29/17
08/29/17
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. Apple (AAPL) upgraded to Buy from Neutral at Cleveland Research, which said the firm's work pointed to encouraging pent-up iPhone demand in China and Europe and raised its iPhone unit assumptions for FY18. 2. Juno Therapeutics (JUNO) was upgraded to Outperform from Market Perform at Raymond James and to Outperform from Neutral at Wedbush, with both firms citing Gilead's (GILD) proposed acquisition of Juno peer Kite Pharma (KITE). 3. Dollar Tree (DLTR) upgraded on valuation, Family Dollar performance at Bernstein with analyst Brandon Fletcher citing valuation, what he sees as the "good" results of Family Dollar, and his belief that Family Dollar's outlook will improve "within a year or two." 4. Heico (HEI) upgraded to Buy from Neutral at BofA/Merrill with analyst Ronald Epstein saying it is a direct beneficiary of emerging aftermarket demand due to strong air traffic growth and lower rates of aircraft retirement. 5. Sinopec (SNP) upgraded to Buy from Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/18/17
LOOP
09/18/17
NO CHANGE
LOOP
Dollar Tree CEO change could be positive sign, says Loop Capital
Loop Capital analyst Anthony Chukumba says the CEO change at Dollar Tree could indicate that its Family Dollar business "has turned the corner." The analyst does not expect any changes in strategy at the company, since its new CEO has been there for 16 years, according to the analyst. He reiterates an $88 price target and Buy rating.
FRED Fred's
$6.35

-0.39 (-5.79%)

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.
08/24/17
LOOP
08/24/17
INITIATION
Target $6
LOOP
Hold
Fred's initiated with a Hold at Loop Capital
Loop Capital analyst Andrew Wolf started Fred's with a Hold rating and $6 price target, as he believes the company lacks earnings visibility and sees the stock staying "about flat" over the next 6-12 months.
06/29/17
DBAB
06/29/17
NO CHANGE
Target $8
DBAB
Hold
Fred's price target lowered to $8 from $16 at Deutsche Bank
Deutsche Bank analyst Paul Trussell halved his price target for Fred's (FRED) to $8 after the company's asset purchase in connection with the failed Walgreens Boots Alliance (WBA), Rite Aid (RAD) merger was terminated. Fred's is now left to execute its pharmacy transformation organically, Trussell tells investors in a research note. He believes the company faces increasing competition in the dollar store space and keeps a Hold rating on the name.
06/06/17
WELS
06/06/17
NO CHANGE
WELS
Amazon may be the next threat to drug pricing, says Wells Fargo
After CNBC recently reported that Amazon (AMZN) is considering going into the prescription pharmacy business in the U.S., Wells Fargo surveyed nearly 2,900 U.S. adults and found that 54% of those polled said they would use or would probably use "Amazon Pharmacy." While the e-commerce giant has not confirmed its U.S. pharmacy interest, if it did enter the market analyst David Maris believes it could see fast adoption and "usher in a new age of price transparency." Maris also wonders if pharmacy "may be just the beginning" and if Amazon eyes the "even larger prize" of fully integrated digital healthcare. Publicly traded large-cap pharmaceuticals companies include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY). Publicly traded retail pharmacy operators include CVS Health (CVS), Walgreens (WBA), Fred's (FRED) and Rite Aid (RAD).
HD Home Depot
$161.26

0.16 (0.10%)

08/16/17
08/16/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: Home Depot (HD) upgraded to Outperform from Market Perform at Raymond James with analyst Budd Bugatch saying the company continues to execute at a "world-class level." 2. Mylan (MYL) upgraded to Buy from Neutral at Citi with analyst Liav Abraham saying the company is best positioned to execute in a challenging operating environment for generics. 3. Biogen (BIIB) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Terence Flynn saying he continues to see optionality Aducanumab, its lead pipeline Alzheimer's drug. 4. Zions Bancorp (ZION) upgraded to Buy from Neutral at BofA/Merrill with analyst Erika Najarian saying she believes investors are discounting two catalysts for earnings upside including benefits from regulatory reform for regionals and continued improvement in expense management. 5. Paychex (PAYX) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Danyal Hussain saying expectations adequately capture downside risks and the valuation premium is the lowest since 2008. 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
BOFA
09/05/17
INITIATION
Target $170
BOFA
Buy
Home Depot reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Elizabeth Suzuki reinstated Home Depot with a Buy and a $170 price target telling investors the macro backdrop for home improvement spending is favorable and the company is well positioned to continue share gains.
09/12/17
OPCO
09/12/17
NO CHANGE
OPCO
Hardlines to benefit as hurricane cleanup efforts take hold, says Oppenheimer
Oppenheimer analyst Brian Nagel notes that the final tally of damages left behind by recent hurricanes is unlikely to be known for some time, and envisions a long and arduous period of cleanup and rebuilding across impacted regions. Nagel believes a collection of Hardlines names are particularly well positioned to capitalize upon a potential strengthening in underlying demand trends, including the leading home centers Home Depot (HD) and Lowe's (LOW), Lumber Liquidators (LL), Tractor Supply (TSCO), CarMax (KMX), and the auto parts chains AutoZone (AZO), O'Reilly Automotive (ORLY), Advance Auto Parts (AAP). Costco (COST) likely benefited as households stocked up on products ahead of storms, he adds.
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.
JCP J.C. Penney
$3.98

0.05 (1.27%)

08/14/17
NRCS
08/14/17
NO CHANGE
Target $9
NRCS
Buy
J.C. Penney gross margin pressures abate in second half, says Northcoast
Northcoast analyst Kara Szafraniec said J.C. Penney shares reacted severely to the Q2 gross margin disappointment, driven largely by the closing of 127 stores. The analyst believes the liquidation of the stores was the right move and management's commentary on the go-forward business was largely encouraging. J.C. Penny's growth categories continue to outpace the chain average and the company remains positioned to defend itself in the current weak apparel environment, Szafraniec wrote. He believes the gross margin pressures will abate in the second half and reiterates his Buy rating and $9 price target.
08/11/17
EVER
08/11/17
NO CHANGE
EVER
J.C. Penney turnaround efforts 'just not working,' says Evercore ISI
Evercore ISI analyst Omar Saad said he is liquidating the 1.3% J.C. Penney Long Position initiated in the firm's Model Portfolio in April with the stock down 30% during that time. While acknowledging he "may be pulling the plug at the bottom," he said the company is doing everything in its power to keep its turnaround on track but efforts just are not working. Asset sales are not a sustainable long-term solution and cost-cutting initiatives are beginning to take a toll on operations, as evidenced by the jump in shrinkage that may be linked to understaffing, said Saad.
08/11/17
TLSY
08/11/17
DOWNGRADE
TLSY
Market Perform
J.C. Penney downgraded to Market Perform from Outperform at Telsey Advisory
08/11/17
FBCO
08/11/17
NO CHANGE
FBCO
Underperform
J.C. Penney core operating profitability declining, says Credit Suisse
Credit Suisse analyst Christian Buss, in a research bulletin issued on the heels of J.C. Penney's Q2 report, said "continued caution is in order" as he sees it core operating profitability declining and underlying demand still being "tepid." He has an Underperform rating on J.C. Penney shares, which are down 23% in pre-market trading.
JILL J.Jill
$10.68

-0.01 (-0.09%)

08/30/17
RHCO
08/30/17
NO CHANGE
RHCO
Concerns about J.Jill gross margin overdone, says SunTrust
After J. Jill disclosed that its gross margins fell last quarter, SunTrust analyst Pamela Quintiliano blames the decline on a tough comp and "a soft response" to the company's online offerings. However, the analyst says that demand for the company's full priced products improved in July, while its overall fundamentals remain intact. The analyst thinks that concerns about the gross margins were overdone and that the weakness in the stock has created a buying opportunity.
08/29/17
BOFA
08/29/17
NO CHANGE
BOFA
J.Jill shares defended at BofA/Merrill
08/30/17
MSCO
08/30/17
NO CHANGE
Target $15
MSCO
Overweight
J.Jill post-earnings pullback overdone, says Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger said J.Jill's high-single-digit comp growth and over 20% earnings growth are "best in class" and she believes the stock's pullback after the company's earnings report was overdone. The company's clean inventory exiting the quarter should bode well for Q3 gross margins, added Greenberger, who keeps an Overweight rating and $15 price target on J.Jill shares.
04/03/17
04/03/17
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. J.Jill (JILL) was initiated with a Buy at UBS, BofA/Merrill, SunTrust, Jefferies, and Deutsche Bank, J.Jill was initiated with an Overweight at Morgan Stanley, with a Market Perform at Wells Fargo, an Outperform at Cowen, and a Neutral at Macquarie. 2. Snap (SNAP) initiated with a Hold at Argus. 3. Ctrip.com (CTRP) initiated with an Outperform at Cowen. 4. MasTec (MTZ) initiated with a Neutral at Credit Suisse. 5. Physicians Realty Trust (DOC) initiated with an Outperform at FBR Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
SPTN SpartanNash
$26.14

0.22 (0.85%)

09/12/17
BMOC
09/12/17
INITIATION
BMOC
Market Perform
SpartanNash initiated with a Market Perform at BMO Capital
BMO Capital analyst Kelly Bania started coverage of SpartanNash with a $25 price target and a Market Perform rating. The analyst says that the company "has positive momentum in both of its distribution segments," but she adds that its acquisition of distributor Caito is "disappointing," while the outlook for its retail business is "challenging." Target $25.
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.
SYY Sysco
$54.11

0.02 (0.04%)

06/26/17
BOFA
06/26/17
NO CHANGE
BOFA
Sysco pullback on Amazon concerns overdone, says BofA/Merrill
BofA/Merrill analyst Marisa Sullivan said the pullback in Sysco (SYY) shares following the Amazon.com (AMZN) merger announcement with Whole Foods (WFM) is overdone and provides an attractive buying opportunity. The analyst said B2B food service distribution is more complex than retail and requires a differentiated network and notes many independent customers use Sysco and other large distributors for the value-added products and services offered. Further, Sysco has scale advantages that would be costly and difficult to replicate such as high operational efficiencies and customer density, Sullivan wrote.
06/23/17
JPMS
06/23/17
NO CHANGE
Target $57
JPMS
Overweight
Sysco removed from Analyst Focus List at JPMorgan
JPMorgan analyst John Ivankoe removed Sysco (SYY) from the firm's Analyst Focus List, citing increased risk that Amazon (AMZN) becomes a disruptor to the foodservice distribution industry following its deal to buy Whole Foods. However, Ivankoe keeps an Overweight rating and $57 price target on Sysco shares.
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.
08/15/17
WELS
08/15/17
NO CHANGE
WELS
Sysco has reached attractive entry point, says Wells Fargo
Wells Fargo says that Sysco reported "solid" results. although investors focused on a few negative aspects, including "the looming threat of Amazon (AMZN)," according to the firm. However, the firm believes that the company is executing well and says that the decline in the stock has created an attractive entry point. Wells expects the company's sales to rise 3.7% in fiscal 2018, and it keeps an Outperform rating on the shares.
ULTA Ulta Beauty
$218.99

0.1 (0.05%)

08/25/17
08/25/17
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. Twitter (TWTR) downgraded to Hold from Buy at Jefferies by analyst Brent Hill, who prefers Google (GOOGL), Facebook (FB) and Snap (SNAP) as plays on the digital video transition occurring across the social media space. Thill, who thinks Twitter will underperform broader internet and social peers, acknowledged that investors might ask why he is not advising to sell the stock, but he thinks recent management changes could improve the company's declining ARPU in the near-term. 2. Ulta Beauty (ULTA) downgraded to Market Perform from Outperform at BMO Capital by analyst Shannon Coyne, who said that there are bright spots ahead for the company, but sees "clouds on the horizon" looking ahead, including a slowing beauty market and department stores that are "upping their collective game." 3. Hormel Foods (HRL) downgraded to Neutral from Outperform at Credit Suisse by analyst Robert Moskow, who said increased volatility in the protein markets has reduced earnings visibility and his confidence in FY2020 margin targets of 15-19%. Moskow sees further risk from the pork industry's 10% expansion in slaughter capacity. 4. TripAdvisor (TRIP) and Shutterstock (SSTK) downgraded to Underperform from Hold at Jefferies. 5. Domino's Pizza (DPZ) downgraded to Hold from Buy at Argus by analyst John Staszak due to concerns about slowing international revenue combined with a potential for a comparable slowdown in domestic sales. The analyst now expects Domino's to post mid-single-digit comp growth following years of double-digit growth and believes margin gains will be limited going forward as the company invests in the business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/25/17
EVER
08/25/17
NO CHANGE
EVER
Outperform
Ulta Beauty continues to be a favorite Long Position, says Evercore ISI
Evercore ISI analyst Omar Saad said Ulta Beauty continues to be a favorite Long Position in the firm's Model Portfolio despite share price underperformance and increased controversy surrounding it. The analyst said double-digit sales and earnings continue, which means the share price contraction is due to multiple compression, but these "superb" Q2 results should go a long way in alleviating concerns. Saad reiterates his Buy rating on Ulta and raised his estimates.
08/25/17
COWN
08/25/17
NO CHANGE
Target $336
COWN
Outperform
Ulta Beauty weakness a buying opportunity, says Cowen
Cowen analyst Oliver Chen said Ulta Beauty reported industry leading comps, gross margins, and earnings growth. He said shares could be weak following guidance, which he views as conservative, but he would use the weakness as a buying opportunity. Chen reiterated his Outperform rating and $336 price target on Ulta Beauty shares.
08/30/17
BARD
08/30/17
NO CHANGE
Target $295
BARD
Outperform
Now is time to build positions in Ulta Beauty, says Baird
Baird analyst Mark Altschwager believes Ulta Beauty shares will be range-bound near-term as investors digest choppier category trends and deliberate its valuation. Altschwager met with management and came away confident the company has the team and tools in place to capture further market share and fend off competitive threats. Altschwager, who believes now is the time for investors to build positions, reiterated his Outperform rating and $295 price target on Ulta shares.

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PRGX Global signs multi-year technology services contract with Kroger »

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IBM

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IBM sees increase in gross margin of 2.5 points from Q3 to Q4 »

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