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LZB

La-Z-Boy

$28.75

-0.75 (-2.54%)

, AMZN

Amazon.com

$1,495.56

-49.36 (-3.20%)

09:28
03/24/18
03/24
09:28
03/24/18
09:28

La-Z-Boy shares could rally 20% within a year or two, Barron's says

La-Z-Boy (LZB) shares currently trade at 13.8 times forecast earnings for the next 12 months, which is well below the small-cap Russell 2000 index's price/earnings ratio of 25, the Standard & Poor's 500 index's 17, and its own five-year average of 16.3 times forward earnings, writes Barron's Brett Arend. He believes the stock, which closed Friday at $28.75, could merit a valuation of $36 per share, or roughly 20% higher, within a year or two "by simply getting back to its average five-year multiple." Higher consumer spending, a new relationship to sell on Amazon.com (AMZN), and successful efforts to reach millennials could propel the shares even higher, Arend contends. Reference Link

LZB

La-Z-Boy

$28.75

-0.75 (-2.54%)

AMZN

Amazon.com

$1,495.56

-49.36 (-3.20%)

LZB La-Z-Boy
$28.75

-0.75 (-2.54%)

08/01/17
SIDC
08/01/17
DOWNGRADE
SIDC
Neutral
La-Z-Boy downgraded to Neutral from Buy at Sidoti
Sidoti analyst Anthony Lebiedzinski downgraded La-Z-Boy to Neutral due to shares approaching his $36 price target.
08/01/17
08/01/17
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. MGM Resorts (MGM) downgraded to Neutral from Buy at UBS with analyst Robin Farley saying the current valuation, with the shares up 37% over the past 12 months, now captures much of the value of the REIT transaction and improving Las Vegas outlook. 2. Boardwalk Pipeline (BWP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Elvira Scotto saying she expects the stock to be "range bound" until its 2019-2020 outlook become clearer. 3. La-Z-Boy (LZB) downgraded to Neutral from Buy at Sidoti with analyst Anthony Lebiedzinski saying shares are approaching his $36 price target. 4. Regeneron (REGN) downgraded to Underperform from Neutral at Baird with analyst Brian Skorney saying Dupixent expectations have gotten ahead of themselves and consensus numbers currently reflect an overlap with Cosentyx sales which looks like an overestimate. 5. Corporate Office Properties (OFC) downgraded to Sell from Hold at Stifel with analyst John Guinee saying he believes that the Real Estate Investment Trust will be hurt by "persistently weak leasing economics," the expirations of a large number of its leases with high rents, and efforts by defense and IT organization to keep rent costs low. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AMZN Amazon.com
$1,495.56

-49.36 (-3.20%)

03/20/18
OPCO
03/20/18
NO CHANGE
OPCO
Whole Foods/Amazon Prime Now difficult for grocers to match, says Oppenheimer
Oppenheimer analyst Rupesh Parikh spent time reviewing Amazon's physical grocery efforts including visiting three store types, namely Whole Foods location with Amazon Prime Now, Amazon Fresh grocery pickup, and Amazon Go. The analyst believes the Whole Foods/Amazon Prime Now offering with "free" delivery for Prime members represents potentially the most concerning development as its will be difficult for grocers to match.
03/20/18
CLVD
03/20/18
NO CHANGE
CLVD
Facebook pricing/ROI continuing higher, Twitter feedback constructive, says Cleveland Research
Citing a recent research into the digital advertising channel, Cleveland Research analyst Kevin Rottinghaus says that Facebook (FB) pricing continues to increase, justified by a continued improvement in ROI, and the social media platform appears to be opening more inventory on Instagram and Messenger. Meanwhile, the analyst says Twitter (TWTR) continues to improve in ad technology, advertiser/partner engagement, traffic and users, and the company is seeing some signs that ad dollars are coming back into the platform. Snap, on the other hand, is still seeing limited ad dollars to the platform as ROI and ad tech lag, with app redesign receiving cautious feedback, he contends. The analyst also pointed out that Amazon (AMZN) is viewed as taking incremental dollars otherwise likely to paid search and Google (GOOG; GOOGL), while remaining aggressive in expanding ad tech and sales channels.
03/21/18
ARGS
03/21/18
NO CHANGE
Target $61
ARGS
Buy
Oracle's soft Q4 cloud revenue view spooked the market, says Argus
Argus analyst Joseph Bonner writes that while Oracle (ORCL) posted a beat on Q3 earnings and revenue, along with a "remarkable" margin expansion, investors were spooked by lower than expected outlook for cloud revenue growth in Q4. The analyst contends that the company's key task is conversion of its blue-chip customer base to the cloud, as cloud computing becomes a standard in the next 3-5 years. Bonner adds that Oracle is also competing with "deep-pocketed" technology giants - Amazon (AMZN) Web Services, Microsoft's (MSFT) Azure, and Google (GOOG). The analyst remains positive on Oracle's prospects with a Buy rating and a $61 price target, pointing to the company's strong dividend growth, share buyback program, and below-peer valuation metrics.
03/23/18
JPMS
03/23/18
NO CHANGE
Target $1650
JPMS
Overweight
Smart home a 'significant' growth opportunity for Amazon, says JPMorgan
JPMorgan analyst Doug Anmuth believes the smart home category represents a "significant" growth opportunity for Amazon.com, with 29M connected homes in the U.S. The analyst estimates Amazon's smart home total addressable market is $50B-plus in the U.S. Beyond its size, the smart home is a strategically important category as it provides Amazon with an "in-home presence, greater access to data, and the potential to drive more shopping in other categories through Echo devices/Alexa," Anmuth tells investors in his weekly research note looking into the company's "innovative and disruptive investment areas." The analyst keeps an Overweight rating on Amazon with a $1,650 price target.

TODAY'S FREE FLY STORIES

$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
08/16/18
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16:16
Technical Analysis
NYSE market internals summary »

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ATGE

Adtalem Global Education

$55.70

-0.3 (-0.54%)

16:15
08/16/18
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16:15
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16:15
Earnings
Adtalem Global Education sees FY19 revenue growth 3%-4% »

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AQMS

Aqua Metals

$2.42

0.04 (1.68%)

16:15
08/16/18
08/16
16:15
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16:15
Hot Stocks
Aqua Metals CFO Francis Knuettel resigns »

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16:15
08/16/18
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General news
Breaking General news story  »

Week of 8/15 Fed Balance…

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16:15
General news
Breaking General news story  »

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TSLA

Tesla

$335.46

-3.2 (-0.94%)

16:14
08/16/18
08/16
16:14
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16:14
Periodicals
SEC presses Tesla directors for info on communications with Musk, WSJ says »

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  • 29

    Oct

MRK

Merck

$68.85

1.49 (2.21%)

, ESALY

Eisai

$0.00

(0.00%)

16:14
08/16/18
08/16
16:14
08/16/18
16:14
Hot Stocks
Merck, Eisai announce FDA approval of LENVIMA capsules »

Eisai Inc. (ESALY) and…

MRK

Merck

$68.85

1.49 (2.21%)

ESALY

Eisai

$0.00

(0.00%)

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ATGE

Adtalem Global Education

$55.60

-0.4 (-0.71%)

16:13
08/16/18
08/16
16:13
08/16/18
16:13
Earnings
Breaking Earnings news story on Adtalem Global Education »

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  • 27

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ARAY

Accuray

$3.50

0.05 (1.45%)

16:12
08/16/18
08/16
16:12
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16:12
Hot Stocks
Accuray CFO Kevin Waters departing October 1, interim CFO appointed »

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  • 16

    Aug

HDSN

Hudson Technologies

$1.76

-0.07 (-3.83%)

16:12
08/16/18
08/16
16:12
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16:12
Hot Stocks
Hudson Technologies receives deficiency letter from Nasdaq »

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ATGE

Adtalem Global Education

$55.65

-0.35 (-0.63%)

16:11
08/16/18
08/16
16:11
08/16/18
16:11
Earnings
Adtalem Global Education reports Q4 continuing operations EPS 86c, consensus 91c »

Reports Q4 revenue…

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  • 27

    Sep

ARAY

Accuray

$3.50

0.05 (1.45%)

16:11
08/16/18
08/16
16:11
08/16/18
16:11
Earnings
Accuray sees FY19 revenue $415M-$425M, consensus $398.38M »

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  • 16

    Aug

AMAT

Applied Materials

$47.19

-0.3 (-0.63%)

16:11
08/16/18
08/16
16:11
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16:11
Hot Stocks
Breaking Hot Stocks news story on Applied Materials »

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  • 16

    Aug

ATAI

ATA Inc.

$6.80

0.06 (0.89%)

16:09
08/16/18
08/16
16:09
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16:09
Hot Stocks
ATA Inc. to acquire Beijing Biztour »

ATA Inc announced that…

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MAT

Mattel

$15.17

-0.11 (-0.72%)

16:08
08/16/18
08/16
16:08
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16:08
Hot Stocks
Mattel names Steve Totzke as Chief Commercial Officer »

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AMAT

Applied Materials

$47.25

-0.24 (-0.51%)

16:08
08/16/18
08/16
16:08
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16:08
Hot Stocks
Breaking Hot Stocks news story on Applied Materials »

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  • 16

    Aug

JWN

Nordstrom

$52.11

0.25 (0.48%)

16:08
08/16/18
08/16
16:08
08/16/18
16:08
Earnings
Nordstrom raises FY18 EPS view to $3.50-$3.65 from $3.35-$3.55 »

Consensus $3.46. Raises…

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  • 16

    Aug

PFNX

Pfenex

$4.77

0.07 (1.49%)

16:08
08/16/18
08/16
16:08
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16:08
Hot Stocks
Pfenex CMO Dr. Hubert Chen resigns »

Pfenex announced that Dr.…

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ARAY

Accuray

$3.50

0.05 (1.45%)

16:07
08/16/18
08/16
16:07
08/16/18
16:07
Earnings
Accuray reports Q4 EPS (1c), consensus (2c) »

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  • 16

    Aug

ICFI

ICF International

$80.65

1.15 (1.45%)

16:07
08/16/18
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16:07
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16:07
Hot Stocks
ICF International awarded $20M task order from DHIS »

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ZOES

Zoe's Kitchen

$9.48

(0.00%)

16:07
08/16/18
08/16
16:07
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16:07
Hot Stocks
Zoe's Kitchen postpones earnings release, conference call until August 17 »

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  • 16

    Aug

JWN

Nordstrom

$52.13

0.27 (0.52%)

16:06
08/16/18
08/16
16:06
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16:06
Earnings
Nordstrom reports Q2 EPS 95c, consensus 84c »

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  • 16

    Aug

AMAT

Applied Materials

$47.26

-0.23 (-0.48%)

16:06
08/16/18
08/16
16:06
08/16/18
16:06
Earnings
Applied Materials sees FY18 EPS $4.41-$4.49, consensus $4.59 »

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  • 16

    Aug

EDIT

Editas Medicine

$29.80

0.7 (2.41%)

16:05
08/16/18
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16:05
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16:05
Hot Stocks
Editas Medicine announces completion of recombinant DNA committee registration »

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  • 12

    Sep

ESRX

Express Scripts

$87.21

0.52 (0.60%)

, CI

Cigna

$187.93

2.48 (1.34%)

16:05
08/16/18
08/16
16:05
08/16/18
16:05
Hot Stocks
Express Scripts urges stockholders to vote in favor of merger with Cigna »

Express Scripts (ESRX)…

ESRX

Express Scripts

$87.21

0.52 (0.60%)

CI

Cigna

$187.93

2.48 (1.34%)

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  • 24

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