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WMT

Wal-Mart

05:32
11/29/17
11/29
05:32
11/29/17
05:32

Wal-Mart upgraded to Sector Perform from Underperform at RBC Capital

  • 20

    Feb

WMT Wal-Mart

11/20/17
11/20/17
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. Wal-Mart (WMT) downgraded to Neutral from Buy at Goldman Sachs with analyst Matthew Fassler sayign valuation following "powerful" share appreciation now reflects the company's progress in growing earnings. 2. Five Below (FIVE) downgraded to Hold from Buy at Loop Capital with analyst Anthony Chukumba citing valuation. 3. Live Nation (LYV) downgraded to In Line from Outperform at Evercore ISI with analyst David Joyce citing valuation. 4. Monster Beverage (MNST) downgraded to Negative from Neutral at Susquehanna with analyst Pablo Zuanic citing its high valuation, which he believes is misplaced due to assumptions about an offer from Coca-Cola (KO). 5. Deutsche Bank (DB) downgraded to Underperform from Market Perform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/24/17
RHCO
11/24/17
NO CHANGE
RHCO
American Eagle, Old Navy look like holiday 'winners' based on SunTrust checks
SunTrust analyst Pamela Quintiliano said the mall she visited during her Thanksgiving checks was the most crowded she has seen on the holiday in years and that American Eagle (AEO) and Gap's (GPS) Old Navy appeared to be "winners" as they consistently had the longest register lines. Among big box retailers visited, Wal-Mart (WMT) and Kohl's (KSS) had more activity than others, added Quintiliano.
11/27/17
KEYB
11/27/17
NO CHANGE
KEYB
Rapid erosion in physical stores may be abating, says KeyBanc
KeyBanc's research consumer team says that while online remains the key avenue for growth, the rapid erosion in physical store sales may be abating. The analyst noted that strong store checks reinforce their thesis that apparel is back, with the strongest traffic at Urban Outfitters (URBN) and lululemon (LULU). Meanwhile, Wal-Mart (WMT) was able to eschew wrist bands and had solid inventory of doorbusters, while Gap (GPS) saw strong traffic at Old Navy, they contend. Additionally, KeyBanc's team says its channel checks suggest Best Buy (BBY) continues to gain share and drove healthy traffic, while Bed Bath & Beyond (BBBY) offered slightly more aggressive, but still uninspiring, undifferentiated promotions. Moreover, they believe Conn's (CONN) maintains momentum with its credit offering, credit improvement story, and the recovery in the Hurricane Harvey impacted markets. Checks also revealed solid Beauty positioning, with Ulta Beauty (ULTA) as a winner with strong holiday positioning and good traffic on Thursday/Friday, the analysts added.
11/27/17
LEER
11/27/17
NO CHANGE
Target $280
LEER
Outperform
Cigna most likely acquirer of Humana in any potential transaction, says Leerink
Leerink analyst Ana Gupte notes that a Change of Control 8-K filed by Humana (HUM) suggests that the company is a possible take-out target after the Medicare Advantage Annual Enrollment Season, though the company maintains that this is a needed refresh with broader policy guidelines, rather than individually driven. The analyst sees Cigna (CI) as the most likely acquirer in any potential transaction and able to offer as much as 6% accretion in year 2 and 12% in year 3 post close. However, Anthem (ANTM) and even Wal-Mart (WMT) or Walgreens Boots Alliance (WBA) could be other dark horse acquirers, she contends. Gupte expects that Cigna would need to divest its legacy Health Spring MA assets to satisfy anti-trust regulators, with multiple possible buyers for the assets including WellCare (WCG), Aetna (AET) and Anthem. The analyst reiterates an Outperform rating and $280 price target on Humana shares.

TODAY'S FREE FLY STORIES

CLNS

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INFY

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DRI

Darden

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0.14 (0.16%)

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MAT

Mattel

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0.33 (2.19%)

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MCHX

Marchex

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UTX

United Technologies

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INVH

Invitation Homes

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0.02 (0.08%)

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KR

Kroger

$26.58

-0.1 (-0.37%)

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P

Pandora

$5.03

0.13 (2.65%)

, GPS

Gap

$33.60

0.11 (0.33%)

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Pandora names Aimee Lapic as Chief Marketing Officer, effective December 13 »

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P

Pandora

$5.03

0.13 (2.65%)

GPS

Gap

$33.60

0.11 (0.33%)

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  • 18

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ALLY

Ally Financial

$28.77

0.12 (0.42%)

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  • 08

    May

ACER

Acer Therapeutics

$14.15

-0.42 (-2.88%)

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  • 12

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ACM

Aecom

$38.51

-0.06 (-0.16%)

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  • 12

    Dec

OAS

Oasis Petroleum

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Oasis Petroleum 32M share Spot Secondary priced at $9.55 »

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  • 12

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PRSC

Providence Service

$58.26

0.08 (0.14%)

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  • 12

    Dec

DXTR

Dextera Surgical

$0.14

-0.003 (-2.14%)

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GKOS

Glaukos

$24.85

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GLYC

GlycoMimetics

$14.32

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BAC

Bank of America

$28.94

-0.11 (-0.38%)

, T

AT&T

$36.90

0.17 (0.46%)

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T

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0.17 (0.46%)

AAPL

Apple

$172.67

3.3 (1.95%)

MU

Micron

$43.01

-0.2 (-0.46%)

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  • 19

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  • 09

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HI

Hillenbrand

$45.10

-0.45 (-0.99%)

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  • 12

    Dec

ARGX

Argenx

$54.47

24.02 (78.88%)

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URBN

Urban Outfitters

$32.27

-0.82 (-2.48%)

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