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W

Wayfair

$80.75

1.45 (1.83%)

, TJX

TJX

$77.15

1.72 (2.28%)

07:33
01/08/18
01/08
07:33
01/08/18
07:33

Wayfair appoints former TJX CFO Jeffrey Naylor to board of directors

Wayfair (W) announced the appointment of former TJX (TJX) Jeffrey Naylor to its board of directors. Naylor will fill the board seat formerly held by Neeraj Agrawal, general partner of Battery Ventures, who is stepping down from the nine-person board after seven years of service.

W

Wayfair

$80.75

1.45 (1.83%)

TJX

TJX

$77.15

1.72 (2.28%)

  • 08

    Jan

  • 08

    Jan

  • 08

    Jan

W Wayfair
$80.75

1.45 (1.83%)

01/03/18
BOFA
01/03/18
DOWNGRADE
BOFA
Neutral
Wayfair downgraded to Neutral from Buy at BofA/Merrill
01/03/18
01/03/18
DOWNGRADE
Target $88

Neutral
Wayfair downgraded to Neutral on tougher comps at BofA/Merrill
As previously reported, BofA/Merrill downgraded Wayfair to Neutral from Buy, but increased its price target to $88 from $72 to reflect a roll forward to a 2019 valuation basis. Analyst Akshay Bhatia did not make a change to estimates but believes the Street is too aggressive on 2018 margins given ramping investments and sees tougher comps starting in March and potential for a growth deceleration.
01/05/18
SBSH
01/05/18
NO CHANGE
Target $80
SBSH
Neutral
Citi ups Wayfair target to $80 after adding in takeover premium
Citi analyst Mark May raised his price target for Wayfair (W) to $80 to reflect the benefits from tax reform as well as the addition of an M&A premium. Recent conversations with investors indicate that more of them believe Wayfair could be an acquisition target, either by Amazon (AMZN) or by a company looking to better compete with Amazon, May tells investors in a research note. His new price target assumes a 50% probability of an acquisition at a 35% premium. The analyst keeps a Neutral rating on the shares.
01/05/18
SBSH
01/05/18
NO CHANGE
Target $1400
SBSH
Buy
Citi names Amazon top Internet pick for 2018, ups target to $1,400
Citi analyst Mark May remains bullish on the consumer Internet sector, especially over the near term. The analyst believes a "positive, tax reform fueled, business climate" should benefit the end-markets of the companies in the space. After outperformance in 2017, however, he recommends being more selective in 2018. Amazon.com (AMZN) moves up a spot to become his top-ranked pick for 2018. May sees the combination of greater than 30% sales growth, margin expansion and the current valuation as a "compelling mix." He raised his price target for Amazon shares to $1,400 from $1,250. May's most- to least-favored stocks under coverage, in order, are: Amazon, Expedia (EXPE), Facebook (FB), Priceline (PCLN), Alphabet (GOOGL), eBay (EBAY), Yelp (YELP), Twitter (TWTR), TripAdvisor (TRIP), Netflix (NFLX), GrubHub (GRUB), GoDaddy (GDDY), Despegar.com (DESP), trivago (TRVG), LendingClub (LC), Wayfair (W), Snap (SNAP), Zillow (ZG), Blue Apron (APRN) and Roku (ROKU), which he downgraded this morning to Sell.
TJX TJX
$77.15

1.72 (2.28%)

12/13/17
COWN
12/13/17
NO CHANGE
Target $88
COWN
Outperform
Cowen calls TJX a best idea for 2018, ups target to $88
Cowen analyst Oliver Chen called TJX his best idea for 2018, citing its supply chain, buying speed, flexibility and "Un-Amazon-Able" treasure hunt shopping experience. Chen, who contends that off-price retail will continue to take retail market share, raised his price target on TJX shares to $88 from $80 and keeps an Outperform rating on the name.
12/22/17
MSCO
12/22/17
NO CHANGE
MSCO
TJX stands to benefit from Bon-Ton closures, says Morgan Stanley
After analyzing which department stores and off-price retailers have the greatest overlap with troubled retailer Bon-Ton Stores (BONT), Morgan Stanley analyst Kimberly Greenberger found that over 40% of Bon-Ton's have a TJX (TJX) concept within a one mile radius and she sees it as the retailer that could benefit the most from a Bon-Ton liquidity event. Though Sears (SHLD) has the greatest overlap overall, there is no evidence to suggest it, nor Kohl's (KSS) and J.C. Penney (JCP), have been able to capitalize on Bon-Ton's struggles so far, added Greenberger.
01/03/18
WELS
01/03/18
DOWNGRADE
Target $72
WELS
Market Perform
TJX downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Ike Boruchow downgraded TJX to Market Perform and lowered his price target for the shares to $72 from $76. Marmaxx has simply become too big to generate share gains similar to years past, Boruchow tells investors in a research note. The analyst believes Ross Stores (ROST) and Burlington Stores (BURL) offer more compelling stories for 2018.
01/03/18
01/03/18
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. Harley-Davidson (HOG) downgraded to Underperform from Neutral at Longbow with analyst David MacGregor saying channel checks in the fourth quarter revealed that Harley's U.S. retail sales are trending down 5%-7% with U.S. shipments expected to be down at least 20%. 2. TJX (TJX) downgraded to Market Perform from Outperform at Wells Fargo with analyst Ike Boruchow saying Marmaxx has simply become too big to generate share gains similar to years past. 3. Honeywell (HON) downgraded to Sector Perform from Outperform at RBC Capital with analyst Deane Dray saying the stock is likely to "take a breather" this year after a solid run in 2017, adding that despite the potential margin upside, the positive catalysts of "Turbo/Homes spin announcements and CEO transition" have played out. 4. Pinnacle West (PNW) downgraded to Underperform from Neutral at BofA/Merrill with analyst Julien Dumoulin-Smith saying valuation is priced at the "pinnacle" and sees risks that a -$1.3B CapEx budget still results in earnings closer to -5% on a net basis, and potential downside to Street estimates of between 5c-10c. 5. Charles Schwab (SCHW) downgraded to Market Perform from Outperform at JMP Securities with analyst Devin Ryan saying he now views its valuation as more adequately reflecting the current risk and reward following the stock's recent outperformance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TEVA

Teva

$20.90

-0.12 (-0.57%)

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XXII

22nd Century

$4.37

0.21 (5.05%)

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22nd Century mentioned cautiously by TheStreetSweeper 

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MSG

Madison Square Garden

$211.04

-0.265 (-0.13%)

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OBLN

Obalon Therapeutics

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Obalon Therapeutics down over 9% after reporting whistleblower allegations »

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OBLN

Obalon Therapeutics

$5.19

-0.05 (-0.95%)

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  • 26

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AKS

AK Steel

$6.15

-0.07 (-1.13%)

11:00
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Options
AK Steel calls outpace puts 30:1 »

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  • 30

    Jan

NFLX

Netflix

$227.58

7.12 (3.23%)

, DIS

Disney

$110.40

-0.7 (-0.63%)

11:00
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Hot Stocks
Buckingham breaks from analyst crowd with post-earnings downgrade of Netflix »

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NFLX

Netflix

$227.58

7.12 (3.23%)

DIS

Disney

$110.40

-0.7 (-0.63%)

03/08/13
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  • 30

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ZSAN

Zosano Pharma

$0.47

0.0164 (3.64%)

10:55
01/23/18
01/23
10:55
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10:55
Conference/Events
Zosano Pharma to host special shareholder meeting »

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  • 23

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OSTK

Overstock.com

$77.40

-0.25 (-0.32%)

10:50
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01/23
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Periodicals
Overstock ICO promotion 'false and misleading,' Medium contributor says »

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CTRP

Ctrip.com

$46.14

-0.71 (-1.52%)

10:50
01/23/18
01/23
10:50
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10:50
Options
Short-term put buyers in Ctrip as shares stumble »

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OBLN

Obalon Therapeutics

$5.19

-0.05 (-0.95%)

10:46
01/23/18
01/23
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10:46
Hot Stocks
Obalon Therapeutics terminates stock offering after whistleblower allegations »

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  • 26

    Feb

TFX

Teleflex

$274.20

-0.55 (-0.20%)

10:44
01/23/18
01/23
10:44
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10:44
Conference/Events
Leerink medical devices analysts hold an analyst/industry conference call »

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  • 26

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  • 01

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TWTR

Twitter

$22.73

-0.5928 (-2.54%)

10:42
01/23/18
01/23
10:42
01/23/18
10:42
Recommendations
Twitter analyst commentary  »

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  • 23

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ILG

ILG

$29.45

-0.03 (-0.10%)

10:40
01/23/18
01/23
10:40
01/23/18
10:40
Options
Repeat interest in ILG Mar 30 calls »

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10:35
01/23/18
01/23
10:35
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10:35
Conference/Events
Morgan Stanley technology analyst holds an analyst/industry conference call »

Technology/Hardware…

ABEO

Abeona Therapeutics

$14.85

0.25 (1.71%)

, JKHY

Jack Henry

$125.32

0.17 (0.14%)

10:31
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Initiation
On The Fly: Top five analyst initiations »

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ABEO

Abeona Therapeutics

$14.85

0.25 (1.71%)

JKHY

Jack Henry

$125.32

0.17 (0.14%)

WWD

Woodward

$81.02

0.52 (0.65%)

NAV

Navistar

$44.96

0.21 (0.47%)

GBT

Global Blood Therapeutics

$56.35

2.4 (4.45%)

03/08/13
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  • 23

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    Jan

NFLX

Netflix

$227.58

7.12 (3.23%)

, GPRO

GoPro

$6.30

0.01 (0.16%)

10:31
01/23/18
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Downgrade
On The Fly: Top five analyst downgrades »

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NFLX

Netflix

$227.58

7.12 (3.23%)

GPRO

GoPro

$6.30

0.01 (0.16%)

W

Wayfair

$88.60

-2.04 (-2.25%)

FTNT

Fortinet

$45.85

-0.16 (-0.35%)

S

Sprint

$5.23

-0.091 (-1.71%)

03/08/13
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  • 30

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DG

Dollar General

$103.69

1.424 (1.39%)

, DKS

Dick's Sporting

$34.91

0.29 (0.84%)

10:31
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On The Fly: Top five analyst upgrades »

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DG

Dollar General

$103.69

1.424 (1.39%)

DKS

Dick's Sporting

$34.91

0.29 (0.84%)

CAT

Caterpillar

$170.43

-0.46 (-0.27%)

RMD

ResMed

$101.77

14.26 (16.30%)

HPE

HP Enterprise

$16.37

0.315 (1.96%)

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  • 25

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  • 01

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SBUX

Starbucks

$61.41

0.15 (0.24%)

10:30
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Starbucks calls drawing interest ahead of earnings »

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  • 25

    Jan

KMB

Kimberly-Clark

$117.35

0.4358 (0.37%)

10:29
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Breaking Hot Stocks news story on Kimberly-Clark »

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  • 23

    Jan

KMI

Kinder Morgan

$19.45

-0.18 (-0.92%)

10:28
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Kinder Morgan begins operations of Utopia Pipeline system »

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KMB

Kimberly-Clark

$117.26

0.35 (0.30%)

10:27
01/23/18
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Hot Stocks
Breaking Hot Stocks news story on Kimberly-Clark »

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  • 23

    Jan

PFIE

Profire Energy

$2.01

0.03 (1.52%)

10:26
01/23/18
01/23
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Conference/Events
Profire Energy management to meet with Lake Street »

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  • 30

    Jan

NFLX

Netflix

$227.58

7.12 (3.23%)

10:25
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Netflix management to meet with MKM Partners »

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  • 30

    Jan

MLHR

Herman Miller

$40.95

0.4 (0.99%)

10:25
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Herman Miller management to meet with Seaport Global »

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