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AMZN

Amazon.com

$1,193.60

-2.23 (-0.19%)

, LULU

lululemon

$67.37

1.24 (1.88%)

09:59
11/29/17
11/29
09:59
11/29/17
09:59

Amazon.com price target raised to $1,500 from $1,300 at DA Davidson

DA Davidson analyst Tom Forte raised his price target on Amazon (AMZN) shares to $1,500 from $1,300 after increasing his long-term sales forecast to a 9.8% CAGR from 8.6% based on his rising confidence in the company's ability to leverage physical stores to maximize its long-term revenue growth. Amazon's increased physical footprint, including its Whole Foods buy, book stores, and Kohl's (KSS) partnership, is "THE story of its 2017 holiday sales and an indication of things to come," Forte tells investors. The analyst, who thinks Amazon could another 1,000 plus physical locations and acquire an apparel retailer, such as lululemon (LULU), keeps a Buy rating on the e-commerce giant's shares.

AMZN

Amazon.com

$1,193.60

-2.23 (-0.19%)

LULU

lululemon

$67.37

1.24 (1.88%)

KSS

Kohl's

$48.04

2.03 (4.41%)

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    Dec

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    Mar

AMZN Amazon.com
$1,193.60

-2.23 (-0.19%)

11/29/17
KEYB
11/29/17
NO CHANGE
KEYB
Strong attendance at Amazon conference reinforces AWS leading position, says KeyBanc
KeyBanc analyst Brent Bracelin notes that Amazon (AMZN) kicked off its flagship cloud user conference with a Partner Summit highlighted by further enterprise integration with VMware (VMW). The analyst expects news flow to pick up materially into the keynotes on Wednesday and Thursday mornings, and says that the strong attendance reinforces AWS market leading position as the largest cloud platform in IaaS/PaaS.
11/29/17
WEDB
11/29/17
NO CHANGE
Target $32
WEDB
Underperform
Amazon allows deeper TV discounting at Best Buy, says Wedbush
Wedbush analyst Michael Pachter notes that online checks suggest that Best Buy (BBY) undercut Amazon (AMZN) on TV pricing throughout the Thanksgiving Holiday period, with deals continuing at Best Buy after Cyber Monday, while Amazon surprised him by raising prices. Additionally, the analyst believes Best Buy's Q4 comps guidance is more realistic, due to "Amazon's mercy." He reiterates an Underperform rating and $32 price target on Best Buy's shares.
11/29/17
RBCM
11/29/17
UPGRADE
Target $96
RBCM
Sector Perform
Wal-Mart upgraded to Sector Perform at RBC Capital on investment prospects
As reported earlier, RBC Capital analyst Scot Ciccarelli upgraded Wal-Mart (WMT) to Sector Perform from Underperform and raised his price target to $96 from $92. Ciccarelli says the company's earnings growth will remain suppressed by a multi-year investment cycle, but it will ultimately come out as a "true competitor" to Amazon (AMZN). The analyst says the rating change is specifically driven by recognition of Wal-Mart's progress in upgrading its store environment and labor model as well as the vast improvements made in its e-commerce capabilities which helped generate 13 consecutive quarters of positive comps and 12 quarters of positive traffic.
11/29/17
CLVD
11/29/17
NO CHANGE
CLVD
Henry Schein, Patterson mentioned cautiously at Cleveland Research
Cleveland Research made cautious comments regarding Amazon's (AMZN) headway into the dental industry, saying that its checks indicate that manufacturers are being more open to offer their full product lines to the e-commerce giant, which could pressure industry incumbents Henry Schein (HSIC) and Patterson (PDCO).
LULU lululemon
$67.37

1.24 (1.88%)

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.
11/29/17
STFL
11/29/17
NO CHANGE
Target $66
STFL
Hold
Investors anticipating solid report, guidance raise from lululemon, says Stifel
Stifel analyst Jim Duffy said he views lululemon CEO Laurent Potdevin's prior comments about being "energized" by the company's momentum entering the holiday season as a "de facto affirmation" of Q3 guidance and believes a solid report and modest fiscal year guidance increase is already being anticipated by the market. The analyst, who notes the company's easy comparisons in the first half but also the structural traffic headwinds across retail, keeps a Hold rating and $66 price target on lululemon shares.
11/27/17
BOFA
11/27/17
NO CHANGE
Target $75
BOFA
Buy
lululemon price target raised to $75 from $70 at BofA/Merrill
BofA/Merrill analyst Rafe Jadrosich raised lululemon's price target to $75 from $70 saying Black Friday weekend store checks indicate "healthy" traffic with similar markdowns as prior years. The analyst said new fabric innovation is driving strong sell-through, which bodes well for 2018. Jadrosich rates lululemon a Buy.
10/20/17
10/20/17
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. lululemon (LULU) upgraded to Buy from Neutral at Citi with analyst Paul Lejuez saying recent market concerns around Amazon.com (AMZN) competition, denim trends and weather are overblown, Lejuez tells investors in a research note. 2. TechnipFMC (FTI) upgraded to Buy from Hold at Gabelli with analyst Simon Wong saying its well positioned to gain market share in subsea production systems, maintains a strong balance sheet, and believes concerns over its EPC business are overblown. 3. Harley-Davidson (HOG) upgraded to Buy from Hold at Argus with analyst David Coleman citing market share gains and a strengthening of its product mix, despite industry-wide pricing pressure. 4. Philip Morris (PM) upgraded to Buy from Hold at Societe Generale. 5. Owens Corning (OC) upgraded to Neutral from Sell 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.
KSS Kohl's
$48.04

2.03 (4.41%)

11/10/17
BARD
11/10/17
UPGRADE
Target $47
BARD
Outperform
Kohl's upgraded to Outperform at Baird
As reported ealrier, Baird upgraded Kohl's (KSS) to Outperform from Neutral and increased its price target to $47 from $46. Analyst Mark Altschwager said Kohl's improving product portfolio and strong loyalty position the company for the holiday season, while cost savings and inventory reductions provide free-cash-flow visibility near-term. The analyst notes most of Kohl's stores are in strip/freestanding locations that provide close and convenient physcial locations enabling omni-channel experiences that ecommerce models and mall based retailers can't offer, illustrated by Amazon's (AMZN) partnership with Kohl's. Additionally, Altschwager expects Q3 comp pressures to abate Q4 and for traffic/comps to stabilize.
11/10/17
11/10/17
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. CVS Health (CVS) upgraded to Buy from Hold at Needham with analyst Kevin Caliendo saying the stock's risk/reward is favorable, especially if CVS is able to consummate the reported merger with Aetna (AET). 2. Kohl's (KSS) upgraded to Outperform from Neutral at Baird with analyst Mark Altschwager saying Kohl's improving product portfolio and strong loyalty position the company for the holiday season, while cost savings and inventory reductions provide free-cash-flow visibility near-term. 3. Fiat Chrysler (FCAU) upgraded to Neutral from Sell at Citi. 4. Comcast (CMCSA) upgraded to Action List Buy from Buy at TD Securities. 5. Hyatt (H) upgraded to Buy from Hold at Berenberg with analyst Stuart Gordon saying the potential returns from the company's real estate disposals are being underappreciated. 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.
11/10/17
BARD
11/10/17
UPGRADE
BARD
Outperform
Kohl's upgraded to Outperform from Neutral at Baird

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FCX

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$16.64

0.45 (2.78%)

10:45
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TEVA

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$18.42

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10:44
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ACHN

Achillion

10:40
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TEVA

Teva

$18.39

1.08 (6.24%)

10:37
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CXRX

Concordia

$0.86

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AU

AngloGold

$9.21

0.045 (0.49%)

10:35
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Options
AngloGold put volume heavy and directionally bearish »

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AKS

AK Steel

$5.26

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10:35
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Newmark

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BGC Partners

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NDSN

Nordson

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16.95 (13.36%)

10:27
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Newmark

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BGC Partners

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Breaking Syndicate news story on Newmark, BGC Partners »

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General news
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FOX

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ORCL

Oracle

$47.42

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ORCL

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FL

Foot Locker

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, UA

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DDR

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$8.67

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10:22
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ABT

Abbott

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AAL

American Airlines

$50.21

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10:20
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