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KR

Kroger

$24.38

0.82 (3.48%)

, MIK

Michaels

$19.35

0.01 (0.05%)

20:25
11/29/17
11/29
20:25
11/29/17
20:25

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include Kroger (KR), consensus 40c... Michaels (MIK), consensus 43c... Express (EXPR), consensus 8c... Barnes & Noble (BKS), consensus (26c).

KR

Kroger

$24.38

0.82 (3.48%)

MIK

Michaels

$19.35

0.01 (0.05%)

EXPR

Express

$9.22

0.44 (5.01%)

BKS

Barnes & Noble

$7.80

0.25 (3.31%)

  • 30

    Nov

  • 30

    Nov

  • 30

    Nov

  • 30

    Nov

  • 08

    Jan

KR Kroger
$24.38

0.82 (3.48%)

11/17/17
WELS
11/17/17
NO CHANGE
Target $26
WELS
Outperform
Kroger could buy back up to 14% of shares in 2018, says Wells Fargo
Wells Fargo analyst Edward Kelly believes Kroger's improving free cash flow profile offers a catalyst for the shares. The exploration of strategic alternatives for its convenient store business, coupled with spending reductions, could allow Kroger to repurchase 12%-14% of its shares outstanding in 2018, Kelly tells investors in a research note arguing the company's cash flow is underappreciated. The analyst feels the market remains negative on Kroger with the stock at "depressed levels." He believes the company is a better asset than the current valuation reflects and keeps an Outperform rating on the shares with a $26 price target.
11/14/17
11/14/17
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. Kroger (KR) assumed with a Neutral at Goldman Sachs. 2. Dollar General (DG) assumed with a Neutral at Goldman Sachs. 3. Sea Limited (SE) was initiated with an Outperform at Cowen, an Overweight at Piper Jaffray, a Buy at Goldman Sachs and Stifel, and an Equal Weight at Morgan Stanley. 4. Supervalu (SVU) assumed with a Sell at Goldman Sachs. 5. Celanese (CE) initiated with a Buy at Tudor Pickering. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/15/17
KEYB
11/15/17
NO CHANGE
KEYB
KeyBanc not surprised by more price cuts at Whole Foods
This morning's announcement marked the third significant wave of price reductions at Amazon's (AMZN) Whole Foods, and importantly, items now incorporate select packaged goods, KeyBanc analyst Edward Yruma tells investors in a research note. The analyst is not surprised at the reduced prices for turkey items heading into the holidays. Following Amazon's announcement, shares of Kroger (KR) are down 20c to $21.82 while Sprouts Farmers Market (SFM) is down 24c to $20.35.
11/16/17
OPCO
11/16/17
NO CHANGE
OPCO
Whole Foods price cuts with no meaningful impact on grocers, says Oppenheimer
Commenting on Amazon's (AMZN) latest round of price cuts at Whole Foods, Oppenheimer analyst Rupesh Parikh says he does not believe the reductions to date have had any meaningful impact on publicly traded grocers such as Kroger (KR), Sprouts Farmers Market (SFM), and Wal-Mart (WMT), but continues to watch developments closely. Negative headlines and uncertainty related to the price cuts likely continue to weigh on the multiples of pure-play grocery players for now, he adds. Wal-Mart and Sprouts Farmers Market remain his top grocery picks.
MIK Michaels
$19.35

0.01 (0.05%)

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.
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.
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.
10/27/17
PIPR
10/27/17
DOWNGRADE
Target $16
PIPR
Underweight
Michaels downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Peter Keith downgraded Michaels to Underweight and cut his price target for the shares to $16 from $18. The analyst is concerned that ongoing competitive threats will pressure sales and EBITDA in the years to come. Survey work continues to show that arts and crafts purchases are moving online, Keith tells investors in a research note.
EXPR Express
$9.22

0.44 (5.01%)

06/14/17
MSCO
06/14/17
NO CHANGE
Target $7.5
MSCO
Equal Weight
Express price target cut to $7.50 from $10.50 at Morgan Stanley
Morgan Stanley analyst Jay Sole said Express' shift to online is proving "hugely disruptive" as comps have declined at least 8% in each of the past four quarters. The analyst sees risk that mall traffic declines faster than Express can optimize stores and now valuations the stock primarily on the online business. Sole lowered his FY17 earnings estimate to 40c from 65c and cut Express' price target to $7.50 and maintained an Equal Weight rating.
06/02/17
MKMP
06/02/17
NO CHANGE
Target $7
MKMP
Neutral
Express price target lowered to $7 from $10 at MKM Partners
MKM Partners analyst Roxanne Meyers lowered Express' price target to $7 from $10 following the "disappointing" Q1 report. The analyst said visibility remains low and maintains a Neutral rating.
04/18/17
UBSW
04/18/17
NO CHANGE
Target $8
UBSW
Sell
UBS has little confidence Express trends will improve in 2017
UBS analyst Michael Binetti said he remains cautious on Express shares and believes the company is at a crossroads of structural industry challenges. Binetti noted the company guidance implies cautious trends for Q1, giving him little confidence trends will improve in 2017. Binetti reiterated his Sell rating and lowered his price target to $8 from $10 on Express shares.
03/09/17
MZHO
03/09/17
DOWNGRADE
Target $10
MZHO
Neutral
Express downgraded to Neutral from Buy at Mizuho
Mizuho analyst Betty Chen downgraded Express to Neutral and lowered its price target to $10 from $13. The analyst questions the pace of turn in 2H given increased competition and traffic woes and expects share to remain range bound until there is increased visibility or a positive catalyst.
BKS Barnes & Noble
$7.80

0.25 (3.31%)

TODAY'S FREE FLY STORIES

CME

CME Group

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BHP Billiton

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Bombardier

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TWX

Time Warner

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0.6 (0.67%)

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$34.99

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$32.99

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Disney

$111.27

0.7 (0.63%)

VIAB

Viacom

$30.24

0.53 (1.78%)

VIA

Viacom

$34.40

0.25 (0.73%)

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  • 08

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EQIX

Equinix

$457.85

-2.5 (-0.54%)

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MET

MetLife

$51.41

-1.08 (-2.06%)

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  • 12

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GM

General Motors

$40.95

0.14 (0.34%)

17:06
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TCEHY

Tencent

$50.31

-0.231 (-0.46%)

, BABA

Alibaba

$173.55

1.8 (1.05%)

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Tencent

$50.31

-0.231 (-0.46%)

BABA

Alibaba

$173.55

1.8 (1.05%)

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AMZN

Amazon.com

$1,179.14

4.88 (0.42%)

16:50
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  • 18

    Mar

HUM

Humana

$253.64

3.03 (1.21%)

, KND

Kindred Healthcare

$8.60

0.45 (5.52%)

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Periodicals
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HUM

Humana

$253.64

3.03 (1.21%)

KND

Kindred Healthcare

$8.60

0.45 (5.52%)

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ORCL

Oracle

$48.30

-1.89 (-3.77%)

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CSX

CSX

$52.93

-4.38 (-7.64%)

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VRX

Valeant

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  • 27

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KMF

Kayne Anderson Midstream/Energy Fund

$13.78

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KYN

Kayne Anderson MLP

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KED

Kayne Anderson Energy

$16.68

-0.01 (-0.06%)

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KYE

Kayne Anderson Energy

$10.19

-0.01 (-0.10%)

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CSX

CSX

$52.93

-4.38 (-7.64%)

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CBOE

CBOE Holdings

$126.37

0.31 (0.25%)

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DIS

Disney

$111.27

0.7 (0.63%)

, FOXA

21st Century Fox

$34.99

0.11 (0.32%)

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DIS

Disney

$111.27

0.7 (0.63%)

FOXA

21st Century Fox

$34.99

0.11 (0.32%)

FOX

21st Century Fox

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ALK

Alaska Air

$70.83

1.44 (2.08%)

10:53
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ONCE

Spark Therapeutics

$46.37

1.16 (2.57%)

10:42
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  • 12

    Jan

AAPL

Apple

$173.97

1.75 (1.02%)

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