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TJX

TJX

$76.57

1.3325 (1.77%)

, ROST

Ross Stores

$78.93

1.11 (1.43%)

07:28
02/15/18
02/15
07:28
02/15/18
07:28

TJX concerns brings buying opportunity, says Citi

Citi analyst Paul Lejuez says sentiment has turned cautious on TJX (TJX) following the company's weak Q3 comp. The stock has underperformed most Specialty Softlines peers over the past three months and the multiple gap with Ross Stores (ROST) is now the widest it has been in 10 years, Lejuez tells investors in a research note. He believes the concerns weighing on TJX shares presents a buying opportunity. The analyst feels the company can quickly fix the fashion miss that dragged Marmaxx's comp down in Q3. He points out that the company has been winning market share along with Amazon.com (AMZN). It's the weaker players, like mall-based department stores, that are losing to Amazon, Lejuez argues. He keeps a Buy rating on TJX with a $96 price target.

TJX

TJX

$76.57

1.3325 (1.77%)

ROST

Ross Stores

$78.93

1.11 (1.43%)

AMZN

Amazon.com

$1,451.05

36.54 (2.58%)

  • 26

    Feb

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    Feb

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    Mar

TJX TJX
$76.57

1.3325 (1.77%)

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.
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.
ROST Ross Stores
$78.93

1.11 (1.43%)

01/11/18
WELS
01/11/18
NO CHANGE
Target $91
WELS
Outperform
Ross Stores price target raised to $91 from $75 at Wells Fargo
Wells Fargo analyst Ike Boruchow raised his price target for Ross Stores to $91 from $75 to reflect tax reform. The analyst reiterates an Outperform rating on the shares.
10/19/17
BUCK
10/19/17
INITIATION
Target $71
BUCK
Neutral
Ross Stores assumed with a Neutral at Buckingham
Buckingham analyst Eric Tracy assumed coverage on Ross Stores with a Neutral and $71 price target.
11/17/17
RHCO
11/17/17
NO CHANGE
Target $80
RHCO
Buy
Ross Stores price target raised to $80 from $75 at SunTrust
SunTrust analyst Pamela Quintiliano raised her price target on Ross Stores to $80 and kept her Buy rating after the company beat on Q3 earnings and raised its FY17 guidance. Quintiliano says the outlook will prove to be conservative as the company outperforms during the holiday period. The analyst is especially positive on this year's performance in Childrens segment as well as recovery of inventories following some disruptions earlier. Quintiliano says that in spite of muted mall traffic activity, the traffic at Ross Stores rose for the 6th consecutive quarter.
AMZN Amazon.com
$1,451.05

36.54 (2.58%)

02/13/18
MACQ
02/13/18
NO CHANGE
Target $1750
MACQ
Outperform
Amazon's Twitch aggregate viewership continues to rise, says Macquarie
Macquarie analyst Benjamin Schachter says Amazon's (AMZN) Twitch aggregate viewership continues to rise, and Twitch is now bigger than CNN (TWX). While eSports as a whole is becoming a more concrete opportunity, the analyst notes that which games and genres will be the most popular/viewed eSports over time is unclear. Schachter also highlights that the Overwatch League launched to peak views of over 408K and over 10M unique viewers across the opening week, and that display ads on Amazon properties like Twitch are meaningful contributors to Other revenue, which grew 58% to $4.65B in 2017. He reiterates an Outperform rating and $1,750 price target on Amazon's shares.
02/13/18
NEED
02/13/18
NO CHANGE
NEED
Needham a buyer of Medical Technologies product makers on Amazon headlines
After The Wall Street Journal report claiming that Amazon (AMZN) is attempting to become a major hospital supplier, Needham analyst Mike Matson said that he believes the e-commerce giant has typically disrupted middlemen much more than manufacturers. The analyst, who thinks Amazon's model may work for "lower tech" products but is unlikely to work with "higher tech" products, would be a buyer of Medical Technologies product maker stocks if they are down on weakness related to the headline risk represented by Amazon. However, Matson notes that he believe that Cantel Medical (CMD), CONMED (CNMD), Medtronic (MDT), Stryker (SYK) and Teleflex (TFX) generate a portion of their sales from "lower tech" products. Other stocks in MedTech manufacturing include AtriCure (ATRI), Cardiovascular Systems (CSII), Hill-Rom (HRC), K2M Group (KTWO), Mazor Robotics (MZOR), Zimmer Biomet (ZBH), Boston Scientific (BSX), Globus Medical (GMED), NuVasive (NUVA) and Wright Medical (WMGI).
02/14/18
JEFF
02/14/18
NO CHANGE
JEFF
Amazon focusing on bolstering medical device distribution, says Jefferies
Yesterday's Wall Street Journal report and a recent scan of job postings still point to Amazon.com's (AMZN) focus on bolstering its medical device/supplies distribution capabilities, specifically targeting hospitals, Jefferies analyst Brian Tanquilut. These postings support a negative thesis for Cardinal Health (CAH), Owens & Minor (OMI) and Premier's (PINC) medical supplies businesses, the analyst adds. Further, he sees the news as an incremental positive for AmerisourceBergen (ABC), McKesson (MCK), CVS Health (CVS) and Walgreens Boots Alliance (WBA) since it further supports the view that Amazon isn't looking to enter the prescription business near-term.
02/14/18
BARD
02/14/18
NO CHANGE
Target $9
BARD
Neutral
ChannelAdvisor outlook likely to weigh on sentiment, says Baird
Baird analyst Colin Sebastian noted ChannelAdvisor (ECOM) missed Q4 estimates and cited non-core marketplace struggles as the cause. The analyst was positive on the company's improved performance across both the eBay (EBAY) and Amazon (AMZN) channels and is a positive for growth. Sebastian considers ChannelAdvisor a "show-me" story and maintained his Neutral rating while lowering his price target to $9 from $10 on the shares.

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Lvmh ADR

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Belmond

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JPMorgan

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Goldman Sachs

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JPMorgan

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Credit Suisse

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TIK

Tel-Instrument

$3.05

(0.00%)

, SGMS

Scientific Games

$15.77

-1.31 (-7.67%)

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Scientific Games

$15.77

-1.31 (-7.67%)

XPO

XPO Logistics

$44.33

-15.92 (-26.42%)

COST

Costco

$226.41

-1.41 (-0.62%)

ADBE

Adobe

$247.71

2.27 (0.92%)

YECO

Yulong Eco-Materials

$5.00

0.42 (9.17%)

SBUX

Starbucks

$66.90

0.8 (1.21%)

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NXST

Nexstar

$85.78

-1.98 (-2.26%)

, SBGI

Sinclair Broadcast

$28.74

-1.2 (-4.01%)

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Nexstar

$85.78

-1.98 (-2.26%)

SBGI

Sinclair Broadcast

$28.74

-1.2 (-4.01%)

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HBM

Hudbay Minerals

$4.79

-0.11 (-2.24%)

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FB

Facebook

$145.07

0.81 (0.56%)

, T

AT&T

$29.91

-0.26 (-0.86%)

18:17
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Periodicals
Facebook seeks to sell cable TV subscriptions, Recode says »

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FB

Facebook

$145.07

0.81 (0.56%)

T

AT&T

$29.91

-0.26 (-0.86%)

CBS

CBS

$47.90

-0.76 (-1.56%)

LGF.A

Lionsgate

$15.75

-0.87 (-5.23%)

LGF.B

Lionsgate

$14.60

-0.635 (-4.17%)

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QCOM

Qualcomm

$58.09

0.36 (0.62%)

, AAPL

Apple

$170.93

1.84 (1.09%)

18:12
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18:12
Periodicals
Judge says evidence of Apple switch can't be used in Qualcomm case, Reuters says »

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QCOM

Qualcomm

$58.09

0.36 (0.62%)

AAPL

Apple

$170.93

1.84 (1.09%)

INTC

Intel

$48.29

0.46 (0.96%)

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  • 08

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XPO

XPO Logistics

$44.33

-15.92 (-26.42%)

18:10
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EQNR

Equinor

$22.97

0.08 (0.35%)

18:08
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18:08
Downgrade
Equinor rating change at Goldman Sachs »

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EQNR

Equinor

$22.97

0.08 (0.35%)

18:03
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AAPL

Apple

$170.93

1.84 (1.09%)

18:01
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Apple Connect to shut down in 2019, Apple Insider says »

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LOB

Live Oak Bancshares

$15.19

0.09 (0.60%)

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Live Oak Bancshares President Neil Lawrence Underwood buys 15,546 shares »

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SBUX

Starbucks

$66.90

0.8 (1.21%)

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AAPL

Apple

$170.93

1.84 (1.09%)

17:53
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Periodicals
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HESM

Hess Midstream Partners

$19.93

0.5 (2.57%)

17:53
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ADBE

Adobe

$247.71

2.27 (0.92%)

17:46
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AES

AES Corp.

$15.78

-0.11 (-0.69%)

17:45
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Conference/Events
AES Corp. management to meet with SunTrust »

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MTN

Vail Resorts

$221.16

-3.77 (-1.68%)

17:42
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Vail Resorts director John Sorte sells over $500,000 in company shares »

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YECO

Yulong Eco-Materials

$5.00

0.42 (9.17%)

17:42
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OLP

One Liberty Properties

$26.17

-0.09 (-0.34%)

17:42
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UNFI

United Natural Foods

$11.58

-1.18 (-9.25%)

17:38
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United Natural Foods Chairman Steven Spinner buys 18,000 shares »

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EME

Emcor

$64.78

-1.07 (-1.62%)

17:37
12/13/18
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17:37
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17:37
Initiation
Emcor initiated at Maxim »

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CECE

CECO Environmental

$7.54

-0.14 (-1.82%)

17:36
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17:36
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Initiation
CECO Environmental initiated at Maxim »

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CPA

Copa Holdings

$77.37

-2.55 (-3.19%)

17:34
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17:34
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Copa Holdings reports November traffic up 6.7% »

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