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SVU

Supervalu

$15.36

0.76 (5.21%)

, CBG

CBRE Group

$42.91

0.3775 (0.89%)

10:40
02/07/18
02/07
10:40
02/07/18
10:40

Supervalu exploring sale-leaseback for over 18M square feet of real estate

Supervalu (SVU) says "The Board and management team continuously and carefully evaluate the company's capital allocation and assets. The company owns over 18 million square feet of real estate that currently provides operational and financial flexibility. The company has publicly stated it is exploring a sale-leaseback for a portion of this real estate with an emphasis on its distribution center properties. Any such transaction must allow for the continued operational and financial flexibility of the company's logistics network. CBRE, Inc. (CBG) has been retained to assist with the evaluation and marketing process, and any proceeds would be used to reduce outstanding debt."

SVU

Supervalu

$15.36

0.76 (5.21%)

CBG

CBRE Group

$42.91

0.3775 (0.89%)

  • 08

    Feb

SVU Supervalu
$15.36

0.76 (5.21%)

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.
11/14/17
GSCO
11/14/17
INITIATION
Target $14
GSCO
Sell
Supervalu assumed with a Sell at Goldman Sachs
Goldman analyst Christopher Prykull assumed coverage on Supervalu with a Sell and $14 price target. Prykull expects retail to underperform given increasing competition, pricing gaps, and under-investment in stores and said Wholesale faces a challenged end market. The analyst also sees EBITDA headwinds from waning transition service agreement revenue and limited cost offsets.
11/03/17
WELS
11/03/17
INITIATION
Target $16
WELS
Market Perform
Supervalu initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Edward Kelly started Supervalu with a Market Perform rating and $16 price target.
10/19/17
RBCM
10/19/17
NO CHANGE
Target $35
RBCM
Outperform
Supervalu price target lowered to $35 from $42 at RBC Capital
RBC Capital analyst William Kirk lowered his price target on Supervalu to $35 after Q2 results that offered more modeling visibility to the wind-down timing of trasition service agreements and the related P&L impact. Kirk says this was resolved less favorable than anticipated, but remains positive on the company in the long-run as deflation trends ease. The analyst also notes the company's strong wholesale win pipeline, under-appreciated real estate, and overreaction to the Whole Foods acquisition, maintaining an Outperform rating.
CBG CBRE Group
$42.91

0.3775 (0.89%)

02/06/18
02/06/18
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. Redfin (RDFN) initiated with a Buy at Jefferies. The firm also initiated Zillow (Z, ZG) with a Hold. 2. Liberty Oilfield Services (LBRT) initiated with an Overweight at Piper Jaffray, an Overweight at Morgan Stanley, a Buy at Citi and Goldman Sachs, an Overweight at JPMorgan, an Outperform at Wells Fargo and an Outperform at Evercore ISI. 3. Industrial Logistics Property Trust (ILPT) initiated with a Buy at BofA/Merrill, an Outperform at RBC Capital and JMP Securities and a Neutral at UBS. 4. Angi Homeservices (ANGI) initiated with an Outperform at BMO Capital. 5. Jones Lang LaSalle (JLL), Newmark (NMRK) and CBRE Group (CBG) initiated with an Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/06/18
RAJA
02/06/18
INITIATION
Target $55
RAJA
Outperform
CBRE Group initiated with an Outperform at Raymond James
Raymond James analyst Patrick O'Shaughnessy initiated CBRE Group with an Outperform and $55 price target.
02/02/18
WBLR
02/02/18
INITIATION
WBLR
Outperform
CBRE Group assumed with an Outperform at William Blair
William Blair analyst Stephen Sheldon assumed coverage of CBRE Group with an Outperform rating saying the stock is his preferred investment idea in the commercial real estate sector. He thinks the company's earnings growth is likely to remain solid over the next few years due to market share gains and continued success in the outsourcing business.
01/24/18
JMPS
01/24/18
UPGRADE
JMPS
Outperform
JMP Securities upgrades Marcus & Millichap, calls top pick in Property Services
As previously reported, JMP Securities analyst Mitch Germain lowered his Property Service sector view to Market Perform, as he believes growth prospects are dimming and he doesn't think that the currently elevated multiples are sustainable as the cycle gets into its late stages. However, against that backdrop, he upgraded Marcus & Millichap (MMI) to Outperform from Market Perform and called it his top pick in the sector, citing his view that the operating environment has become more stable and the company is the greatest beneficiary of tax reform among those in the space he covers. Also this morning, Germain downgraded Jones Lang LaSalle (JLL), HFF Inc. (HF) and CBRE Group (CBG), all to Market Perform from Outperform.

TODAY'S FREE FLY STORIES

NCLH

Norwegian Cruise Line

09:27
02/23/18
02/23
09:27
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09:27
Recommendations
Norwegian Cruise Line analyst commentary  »

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  • 27

    Feb

WIRE

Encore Wire

$52.45

-0.2 (-0.38%)

09:23
02/23/18
02/23
09:23
02/23/18
09:23
Recommendations
Encore Wire analyst commentary  »

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  • 29

    Mar

APPN

Appian

$30.62

-0.02 (-0.07%)

09:23
02/23/18
02/23
09:23
02/23/18
09:23
Earnings
Appian corrects previously issued EPS guidance to (65c)-(62c) from (54c)-(53c) »

Consensus (46c). Appian…

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  • 26

    Feb

COTV

Cotiviti Holdings

09:22
02/23/18
02/23
09:22
02/23/18
09:22
Recommendations
Cotiviti Holdings analyst commentary  »

Cotiviti Holdings…

03/08/13
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REI

Ring Energy

09:22
02/23/18
02/23
09:22
02/23/18
09:22
Syndicate
Ring Energy 5.36M share Spot Secondary priced at $14.00 »

The deal range was…

03/08/13
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  • 23

    Feb

CHK

Chesapeake

09:21
02/23/18
02/23
09:21
02/23/18
09:21
Recommendations
Chesapeake analyst commentary  »

Little in…

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LKQ

LKQ Corp.

$40.05

-1.53 (-3.68%)

09:21
02/23/18
02/23
09:21
02/23/18
09:21
Recommendations
LKQ Corp. analyst commentary  »

LKQ shares have 32%…

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03/06/13
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SPY

SPDR S&P 500 ETF Trust

, SPX

S&P 500

09:20
02/23/18
02/23
09:20
02/23/18
09:20
Technical Analysis
Technical Take: S&P 500 potential bullish pattern update »

In a note yesterday we…

SPY

SPDR S&P 500 ETF Trust

SPX

S&P 500

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CLF

Cleveland-Cliffs

09:19
02/23/18
02/23
09:19
02/23/18
09:19
Upgrade
Cleveland-Cliffs rating change  »

Cleveland-Cliffs upgraded…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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NRIM

Northrim BanCorp

$33.50

-0.05 (-0.15%)

09:19
02/23/18
02/23
09:19
02/23/18
09:19
Hot Stocks
Northrim BanCorp raises quarterly dividend by 9% to 24c per share »

Northrim BanCorp…

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SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

09:18
02/23/18
02/23
09:18
02/23/18
09:18
Options
Overnight activity included 97 trades in SPX and 14 trades in VIX »

97 trades were executed…

SPX

S&P 500

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Volatility Index S&P 500 Options

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HUN

Huntsman

, KBR

KBR

09:17
02/23/18
02/23
09:17
02/23/18
09:17
Hot Stocks
On The Fly: Pre-market Movers »

UP AFTER EARNINGS:…

HUN

Huntsman

KBR

KBR

CNK

Cinemark

ASIX

AdvanSix

ETR

Entergy

ABR

Arbor Realty

RHP

Ryman Hospitality

BUFF

Blue Buffalo Pet Products

$34.12

-0.68 (-1.95%)

GIS

General Mills

OLED

Universal Display

$154.90

-0.7 (-0.45%)

ACIA

Acacia Communications

$41.84

-1.6 (-3.68%)

WING

Wingstop

$46.78

1.05 (2.30%)

ZOES

Zoe's Kitchen

RDFN

Redfin

$21.57

0.27 (1.27%)

INTU

Intuit

$172.10

-1.22 (-0.70%)

FSLR

First Solar

$66.28

-0.42 (-0.63%)

03/08/13
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03/06/13
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    Jun

AROC

Archrock

09:16
02/23/18
02/23
09:16
02/23/18
09:16
Upgrade
Archrock rating change  »

Archrock upgraded to…

03/08/13
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03/06/13
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03/06/13
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UGI

UGI Corporation

09:16
02/23/18
02/23
09:16
02/23/18
09:16
Hot Stocks
UGI Corporation names Ted Jastrzebski CEO »

UGI Corporation has named…

03/08/13
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LLESY

Lendlease Group

$13.60

0.15 (1.12%)

09:16
02/23/18
02/23
09:16
02/23/18
09:16
Conference/Events
Lendlease Group management to meet with JPMorgan »

Meetings to be held in…

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  • 26

    Feb

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    Mar

CVX

Chevron

09:15
02/23/18
02/23
09:15
02/23/18
09:15
Upgrade
Chevron rating change  »

Chevron upgraded to…

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  • 26

    Mar

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    Mar

TTD

Trade Desk

$48.40

-1.41 (-2.83%)

09:15
02/23/18
02/23
09:15
02/23/18
09:15
Recommendations
Trade Desk analyst commentary  »

Trade Desk strong Q4 and…

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FNGN

Financial Engines

$29.95

-0.45 (-1.48%)

09:13
02/23/18
02/23
09:13
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09:13
Upgrade
Financial Engines rating change  »

William Blair upgrades…

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ZBRA

Zebra Technologies

$135.24

14.89 (12.37%)

09:13
02/23/18
02/23
09:13
02/23/18
09:13
Recommendations
Zebra Technologies analyst commentary  »

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WING

Wingstop

$46.78

1.05 (2.30%)

09:11
02/23/18
02/23
09:11
02/23/18
09:11
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Wingstop analyst commentary  »

Wingstop model intact…

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CSGP

CoStar Group

$351.58

-0.53 (-0.15%)

09:09
02/23/18
02/23
09:09
02/23/18
09:09
Recommendations
CoStar Group analyst commentary  »

CoStar Group price target…

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  • 26

    Feb

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TSS

TSYS

$86.80

0.24 (0.28%)

, MA

MasterCard

$172.95

0.63 (0.37%)

09:08
02/23/18
02/23
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09:08
Hot Stocks
Netspend, MLB partner for team-branded GPR prepaid cards »

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TSS

TSYS

$86.80

0.24 (0.28%)

MA

MasterCard

$172.95

0.63 (0.37%)

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  • 01

    Mar

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HMSY

HMS Holdings

$15.32

-0.06 (-0.39%)

09:06
02/23/18
02/23
09:06
02/23/18
09:06
Earnings
Breaking Earnings news story on HMS Holdings »

HMS Holdings reports Q4…

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  • 28

    Feb

AABA

Altaba

$75.52

0.41 (0.55%)

09:06
02/23/18
02/23
09:06
02/23/18
09:06
Recommendations
Altaba analyst commentary  »

Altaba price target…

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  • 27

    Feb

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    Feb

AMZN

Amazon.com

$1,485.34

2.42 (0.16%)

09:05
02/23/18
02/23
09:05
02/23/18
09:05
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Amazon.com rating change  »

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  • 26

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