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COST

Costco

$189.38

3.96 (2.14%)

, WMT

Walmart

$100.02

0.35 (0.35%)

07:14
01/12/18
01/12
07:14
01/12/18
07:14

Costco well positioned to benefit from Sam's closures, says Oppenheimer

After examining Walmart's (WMT) plans to shutter more than 60 of its Sam's Club units, Oppenheimer analyst Brian Nagel believes Costco (COST) is well situated to potentially capitalize upon both "freed up" sales and "dislocated" Sam's members. He views the Sam's closings as an "incremental positive" to his investment thesis and keeps an Outperform rating on Costco with a $210 price target.

COST

Costco

$189.38

3.96 (2.14%)

WMT

Walmart

$100.02

0.35 (0.35%)

  • 20

    Feb

COST Costco
$189.38

3.96 (2.14%)

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.
01/08/18
OPCO
01/08/18
NO CHANGE
Target $210
OPCO
Outperform
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.
WMT Walmart
$100.02

0.35 (0.35%)

01/02/18
BOFA
01/02/18
NO CHANGE
BOFA
BofA/Merrill's Top 10 US Ideas for Q1 2018
BofA/Merrill named its Top 10 Ideas for Q1 2018. They are Buy rated AMD (AMD), Disney (DIS), Exact Sciences (EXAS), Exelon (EXC), lululemon (LULU), PayPal (PYPL), United Rentals (URI), and Walmart (WMT), and Underperform rated L Brands (LB) and TripAdvisor (TRIP).
01/04/18
DBAB
01/04/18
NO CHANGE
Target $97
DBAB
Buy
Amazon now selling products sourced by Perrigo, says Deutsche Bank
Deutsche Bank analyst Gregg Gilbert says that in recent months, Amazon (AMZN) has begun to sell a number of over-the-counter healthcare products, sourced by Perrigo (PRGO), under a brand called "Basic Care." The price per unit to the consumer tends to be similar to Walmart's (WMT) pricing and generally below that of some other retailers, Gilbert tells investors in a research note, citing his own analysis. He believes Amazon, at least for now, is not going out of its way to position the Basic Care brand on the site in a preferential way. Further, the analyst does not expect Perrigo to "play up" this development as Amazon is, for now, just a small customer and the company likely won't want to "rock the boat unnecessarily with its larger customers." Gilbert also assumes that Perrigo is not offering better prices to Amazon than it would to other customers. The analyst does not see much potential for near and medium term upside for Perrigo tied to its arrangement with Amazon. Gilbert keeps a Buy rating on the shares with a $97 price target. The stock in premarket trading is down 50c to $88.94.
01/10/18
01/10/18
DOWNGRADE

Perform
Big Lots downgraded to Perform at Oppenheimer
As previously reported, Oppenheimer analyst Brian Nagel downgraded Big Lots (BIG) to Perform from Outperform, citing indications of potentially moderating sales growth in furniture, a now higher, albeit still discounted valuation, and the threat of stepped-up price actions within the broader mass channel, and particularly Wal-Mart (WMT).
01/11/18
BARD
01/11/18
NO CHANGE
Target $110
BARD
Outperform
Walmart smart to keep investing in associates, says Baird
Baird analyst Peter Benedict views Walmart's decision to share a portion of its expected tax reform benefits with associates as a smart one and the right strategic move, stating that he attributes much of the company's recent success to its heavy investments in people and technology in the past few years. The incremental spending in 2018 is below the aggregate "reinvestment" he'd already assumed in his model, so Walmart has room for additional actions too, said Benedict, who keeps an Outperform rating and $110 price target on the stock.

TODAY'S FREE FLY STORIES

SNPS

Synopsys

$90.29

1.05 (1.18%)

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  • 23

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AMZN

Amazon.com

$1,601.77

19.67 (1.24%)

21:04
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  • 04

    Jun

SRRK

Scholar Rock

$0.00

(0.00%)

21:01
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05/23
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Syndicate
Scholar Rock 5.36M share IPO priced at $14.00 »

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  • 24

    May

KNSA

Kiniksa

$0.00

(0.00%)

21:00
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Kiniksa 8.5M share IPO priced at $18.00 »

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  • 24

    May

GSKY

GreenSky

$0.00

(0.00%)

20:58
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Syndicate
GreenSky 38M share IPO priced at $23.00 »

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  • 24

    May

SAIL

SailPoint

$23.30

1.29 (5.86%)

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

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  • 24

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CLPS

CLPS

$0.00

(0.00%)

20:55
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Syndicate
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
05/23/18
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

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

-0.01 (-0.03%)

TTC

Toro Company

$60.32

-0.08 (-0.13%)

SAFM

Sanderson Farms

$107.13

1.19 (1.12%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
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  • 24

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    Jun

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BPOP

Popular

$46.94

-0.31 (-0.66%)

20:07
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05/23
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20:07
Hot Stocks
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
05/23/18
05/23
20:04
05/23/18
20:04
Recommendations
Williams-Sonoma analyst commentary at Loop Capital »

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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
05/23/18
05/23
19:59
05/23/18
19:59
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
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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CVX

Chevron

$128.70

0.465 (0.36%)

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

The Ontario Court of…

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EA

Electronic Arts

$133.49

1.31 (0.99%)

19:19
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19:19
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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05/23
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Periodicals
Carnival CEO expects China to become the largest cruise market, CNBC says »

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  • 30

    May

PBR

Petrobras

$15.10

-0.6 (-3.82%)

19:11
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Periodicals
Petrobras slashes diesel price 10% to resolve trucker protest, Reuters says »

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SRPT

Sarepta

$88.94

-0.24 (-0.27%)

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Sarepta granted orphan status for DMD treatment golodirsen »

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  • 20

    Jun

BZLFF

Bunzl

$0.00

(0.00%)

19:03
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19:03
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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Earnings
Breaking Earnings news story on 58.com »

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  • 24

    May

  • 10

    Sep

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

    May

  • 10

    Sep

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

, LASR

nLight

$30.00

-1.79 (-5.63%)

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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

LASR

nLight

$30.00

-1.79 (-5.63%)

SNPS

Synopsys

$90.29

1.05 (1.18%)

LB

L Brands

$34.05

0.06 (0.18%)

NTAP

NetApp

$66.61

-0.41 (-0.61%)

DGLY

Digital Ally

$2.55

-0.075 (-2.86%)

FCAU

Fiat Chrysler

$22.47

-0.155 (-0.69%)

TM

Toyota

$134.85

-0.89 (-0.66%)

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  • 23

    May

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    Jul

CPRT

Copart

$52.93

-0.06 (-0.11%)

18:54
05/23/18
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18:54
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%)

18:45
05/23/18
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18:45
Periodicals
Apple signs pact with VW over self-driving cars, NY Times says »

Apple (AAPL) has signed…

AAPL

Apple

$188.36

1.08 (0.58%)

VLKAY

Volkswagen

$0.00

(0.00%)

BMWYY

BMW

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

03/08/13
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PBR

Petrobras

$15.10

-0.6 (-3.82%)

18:24
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Periodicals
Breaking Periodicals news story on Petrobras »

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NFLX

Netflix

$344.70

13.08 (3.94%)

, CMCSA

Comcast

$31.87

-0.64 (-1.97%)

18:03
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Periodicals
Netflix market value now higher than Comcast, Recode says »

Netflix's (NFLX)…

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
05/23/18
05/23
18:01
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18:01
Hot Stocks
Celanese to increase selling prices on acetyl intermediate products »

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