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COST

Costco

$187.75

-1.35 (-0.71%)

07:06
01/08/18
01/08
07:06
01/08/18
07:06

Costco price target raised to $210 from $180 at Oppenheimer

Oppenheimer analyst Brian Nagel raised his price target for Costco to $210 from $180 as he continues to view it as particularly well-positioned among larger-cap retailers. The analyst believes new tax legislation will afford Costco more opportunity to invest strategically to further solidify its competitive standing in a shifting retail landscape. Further, Nagel expects continued solidifying fundamentals to further ease market concerns and support the premium Costco valuation. He reiterates an Outperform rating on the shares.

COST Costco
$187.75

-1.35 (-0.71%)

12/18/17
BMOC
12/18/17
UPGRADE
Target $215
BMOC
Outperform
Costco upgraded to Outperform at BMO Capital on accelerating online business
As noted earlier, BMO Capital analyst Kelly Bania upgraded Costco to Outperform from Market Perform and raised her price target to $215 from $160. Bania says the acceleration in the company's online business is at an early stage, which should support its outlook for strong comps and higher valuation. The analyst also expects the company to deepen its digital relationship with its "loyal" customer base, widening its "competitive moat".
12/18/17
12/18/17
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. Twitter (TWTR) upgraded to Overweight from Neutral at JPMorgan with analyst Doug Anmuth saying both the company's investment story and financial results will strengthen in 2018 as Twitter builds on its "differentiated value proposition" for users and returns to revenue growth. 2. Akamai (AKAM) upgraded to Outperform from Neutral at Credit Suisse with analyst Brad Zelnick citing the 13D filing by activist investor Elliott Management. 3. Costco (COST) upgraded to Outperform from Market Perform at BMO Capital with analyst Kelly Bania saying the acceleration in the company's online business is at an early stage, which should support its outlook for strong comps and higher valuation. 4. General Mills (GIS) upgraded to Outperform from Market Perform at Wells Fargo with analyst John Baumgartner saying U.S. retail takeaway is improving faster than he expected, which suggests potential upside to the company's guidance during fiscal 2018. 5. Discover (DFS) and Synchrony (SYF) were upgraded to Buy from Neutral at BofA Merrill Lynch. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/02/18
BARD
01/02/18
NO CHANGE
Target $215
BARD
Outperform
Costco traffic tends should remain best-in-class, says Baird
Baird analyst Peter Benedict said Costco's traffic trends should remain the best-in-class while its core comps should continue to stand out. Also, a favorable calendar shift is an added boost and gas and foreign exchange remain tailwinds. Benedict said Costco remains a compelling staple idea and reiterated his Outperform rating and $215 price target on the shares.
01/04/18
MONN
01/04/18
NO CHANGE
MONN
Ulta rises after Monness Crespi calls company a better Amazon 'target'
Pre-market strength in shares of Ulta Beauty (ULTA) is being attributed to a suggestion made by an analyst at Monness Crespi that the company could be a better M&A fit for Amazon (AMZN) than Target (TGT). AMAZON ALTERNATIVES: In a note to investors this morning, Monness, Crespi, Hardt analyst James Cakmak noted the speculation that has swirled since Amazon's deal to buy Whole Foods about what categories and kinds of companies the e-commerce giant might acquire. He also noted that Target (TGT) most recently "has been floated as a prospect," but he doesn't see how such a deal would "change the game" in terms of pricing and selection for Amazon. Beauty is a category important for Amazon, and Ulta Beauty could be an M&A fit, Cakmak said. Lyft would also makes sense, as would a purchase of Costco (COST), even though that hypothetical deal "is highly unlikely," Cakmak also told investors. WHAT'S NOTABLE: Cakmak's note appears to be in response to Loup Venture's Gene Munster having said yesterday that Amazon may be eyeing Target as its next major retail acquisition. PRICE ACTION: In pre-market trading, Ulta is up $4.78, or 2%, to $249.90 per share.

TODAY'S FREE FLY STORIES

SNPS

Synopsys

$90.29

1.05 (1.18%)

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AMZN

Amazon.com

$1,601.77

19.67 (1.24%)

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SRRK

Scholar Rock

$0.00

(0.00%)

21:01
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Scholar Rock 5.36M share IPO priced at $14.00 »

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KNSA

Kiniksa

$0.00

(0.00%)

21:00
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GSKY

GreenSky

$0.00

(0.00%)

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GreenSky 38M share IPO priced at $23.00 »

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SAIL

SailPoint

$23.30

1.29 (5.86%)

20:56
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SailPoint 17.808M share Secondary priced at $22.50 »

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CLPS

CLPS

$0.00

(0.00%)

20:55
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CLPS 2M share IPO priced at $5.25 »

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  • 24

    May

MDT

Medtronic

$85.29

0.305 (0.36%)

, MCK

McKesson

$146.84

0.39 (0.27%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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MDT

Medtronic

$85.29

0.305 (0.36%)

MCK

McKesson

$146.84

0.39 (0.27%)

BBY

Best Buy

$75.73

0.255 (0.34%)

HRL

Hormel Foods

$35.82

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TTC

Toro Company

$60.32

-0.08 (-0.13%)

SAFM

Sanderson Farms

$107.13

1.19 (1.12%)

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BPOP

Popular

$46.94

-0.31 (-0.66%)

20:07
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Popular announces early termination of FDIC shared-loss agreements »

Popular, Inc announced…

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WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

20:04
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Recommendations
Williams-Sonoma analyst commentary  »

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  • 23

    May

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

, SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

19:59
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05/23
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Periodicals
Breaking Periodicals news story on iShares MSCI South Korea Index Fund, SPDR S&P 500 ETF Trust, S&P 500 »

N Korea foreign ministry…

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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CVX

Chevron

$128.70

0.465 (0.36%)

19:39
05/23/18
05/23
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Hot Stocks
Canadian court affirms dismissal of suit against Chevron subsidiary »

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EA

Electronic Arts

$133.49

1.31 (0.99%)

19:19
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Hot Stocks
Electronic Arts CTO sells 10,000 common shares »

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CCL

Carnival

$64.67

-0.39 (-0.60%)

19:14
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Carnival CEO expects China to become the largest cruise market, CNBC says »

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

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SRPT

Sarepta

$88.94

-0.24 (-0.27%)

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  • 20

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BZLFF

Bunzl

$0.00

(0.00%)

19:03
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Downgrade
Bunzl rating change at Goldman Sachs »

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WUBA

58.com

$84.56

1.39 (1.67%)

19:02
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Breaking Earnings news story on 58.com »

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  • 24

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WUBA

58.com

$84.56

1.39 (1.67%)

19:01
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Earnings
58.com reports Q1 adjusted earnings per ADS 33c, consensus 21c »

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  • 24

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    Sep

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

, LASR

nLight

$30.00

-1.79 (-5.63%)

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On The Fly: After Hours Movers »

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WSM

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LASR

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SNPS

Synopsys

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LB

L Brands

$34.05

0.06 (0.18%)

NTAP

NetApp

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DGLY

Digital Ally

$2.55

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FCAU

Fiat Chrysler

$22.47

-0.155 (-0.69%)

TM

Toyota

$134.85

-0.89 (-0.66%)

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CPRT

Copart

$52.93

-0.06 (-0.11%)

18:54
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Earnings
Copart reports Q3 adjusted EPS 52c, consensus 50c »

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  • 24

    May

AAPL

Apple

$188.36

1.08 (0.58%)

, VLKAY

Volkswagen

$0.00

(0.00%)

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Apple signs pact with VW over self-driving cars, NY Times says »

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AAPL

Apple

$188.36

1.08 (0.58%)

VLKAY

Volkswagen

$0.00

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BMWYY

BMW

$0.00

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DDAIF

Daimler AG

$0.00

(0.00%)

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

18:24
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NFLX

Netflix

$344.70

13.08 (3.94%)

, CMCSA

Comcast

$31.87

-0.64 (-1.97%)

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Netflix market value now higher than Comcast, Recode says »

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NFLX

Netflix

$344.70

13.08 (3.94%)

CMCSA

Comcast

$31.87

-0.64 (-1.97%)

CMCSK

Comcast

$0.00

(0.00%)

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CE

Celanese

$113.87

-0.05 (-0.04%)

18:01
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Hot Stocks
Celanese to increase selling prices on acetyl intermediate products »

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