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GRUB

GrubHub

$97.09

-3.09 (-3.08%)

, AMZN

Amazon.com

$1,405.23

-46.52 (-3.20%)

05:58
04/09/18
04/09
05:58
04/09/18
05:58

Postmates, DoorDash have talked merger to fend of GrubHub, Amazon, Recode says

The CEOs of Postmates and DoorDash, Bastian Lehmann and Tony Xu, respectively, have discussed a potential merger at least once in person in the last year in a move to better compete with GrubHub (GRUB), Amazon (AMZN) and Uber, Recode reports, citing multiple sources. According to a source, the talks have been "on-again off-again" since then, and there is currently no concrete deal on the table. Reference Link

GRUB

GrubHub

$97.09

-3.09 (-3.08%)

AMZN

Amazon.com

$1,405.23

-46.52 (-3.20%)

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    Jun

GRUB GrubHub
$97.09

-3.09 (-3.08%)

03/19/18
03/19/18
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. Arista Networks (ANET) downgraded to Sell from Hold at Deutsche Bank with analyst Vijay Bhagavath saying he is more cautious on the company's beat and raise story after his primary research indicated volatility in product orders. 2. GrubHub (GRUB) downgraded to Hold from Buy at Stifel with analyst John Egbert citing valuation as near-term risk/reward appears balanced at current levels. 3. Akcea Therapeutics (AKCA) downgraded to Market Perform from Outperform at Wells Fargo with analyst Jim Birchenough saying he sees the shares as fairly valued ahead of the expected volanesorsen approval and launch by July 6. 4. Zoetis (ZTS) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger saying shares are approaching his $87 price and now sees more balanced risk/reward. 5. Suburban Propane (SPH) and AmeriGas (APU) were downgraded to Underweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/19/18
STFL
03/19/18
DOWNGRADE
Target $100
STFL
Hold
GrubHub downgraded to Hold from Buy at Stifel on valuation
Stifel analyst John Egbert downgraded GrubHub (GRUB) to Hold from Buy and lowered his price target on shares to $100 from $110 based on valuation as near-term risk/reward appears balanced at current levels. In a research note to investors, Egbert noted that GrubHub shares have performed "exceptionally" well in 2018, up 54% year-to-date, and has executed well over the last few quarters, particularly in its 1P delivery business, which he expects will meaningfully benefit from the partnership with Yum! Brands (YUM) later this year.
03/19/18
STFL
03/19/18
DOWNGRADE
Target $110
STFL
Hold
GrubHub downgraded to Hold from Buy at Stifel
Stifel analyst John Egbert downgraded GrubHub to Hold while raising his price target for the shares to $110 from $100. The stock closed Friday down 36c to $110.53. The analyst cites valuation for the downgrade following the stock's recent rally.
03/13/18
GUGG
03/13/18
NO CHANGE
Target $140
GUGG
Buy
GrubHub price target raised to $140 from $94 at Guggenheim
Guggenheim analyst Matthew DiFrisco raised his price target for GrubHub (GRUB) to $140 after conducting a survey of 1,000 domestic consumers that used food delivery in the last month to better assess the current delivery consumer. The stock closed yesterday up $1.03 to $109.59. The survey findings "heavily supported" Grubhub's model, which offers the consumer a wide choice of restaurants at a moderate premium for the incremental delivery service but with a consistent experience, DiFrisco tells investors in a research note. He believes Grubhub's restaurant network has a lot of headroom to grow as it currently has 80,000 restaurants across its platforms, and with the Yum! Brands (YUM) partnership, he sees that approaching 100,000 restaurants during 2019. DiFrisco says his new price target reflects an upwardly revised outlook for GrubHub's total addressable market in light of its strategic shift to partner with national chains. The analyst keeps a Buy rating on the shares.
AMZN Amazon.com
$1,405.23

-46.52 (-3.20%)

04/06/18
MKMP
04/06/18
NO CHANGE
Target $96
MKMP
Neutral
Hasbro price target lowered to $96 from $110 at MKM Partners
MKM Partners analyst Eric Handler lowered his price target on Hasbro (HAS) to $96, saying the company's earnings will see a bigger impact from the liquidation of Toys R Us than the previous forecast. The analyst also notes headwinds for the company coming from tight inventory management at mass retailers Wal-Mart (WMT) and Amazon (AMZN). Handler adds that he has broader industry concerns, but sees some mitigating product launches for Hasbro, including a new Nerf brand launch, expanded Baby Alive product lines, continued strength from Marvel, and the possible digital launch of Magic: The Gathering Arena. The analyst keeps his Neutral rating on Hasbro.
04/05/18
UBSW
04/05/18
NO CHANGE
UBSW
Amazon contract profitable for USPS, former Postmaster General tells UBS
UBS hosted an expert call with Patrick Donahoe, former Postmaster General at the USPS, given confusion around rhetoric coming out of Washington D.C. regarding Amazon's relationship with the USPS, and press reports indicating this contract expires in October 2018. On the call, Donahoe unequivocally stated that the Amazon contract is profitable for the USPS, UBS said. The firm pointed out that USPS business is primarily split into two areas, namely market-dominant products/"monopoly mail," and competitive products where Amazon would fall. By law, competitive products must cover their costs, including both operating costs associated with the service provided and an allocation of 5.5% of the USPS's institutional/fixed costs, the firm added in a research note this morning.
04/05/18
MSCO
04/05/18
NO CHANGE
Target $1500
MSCO
Overweight
Morgan Stanley says online tax legislation probable, but manageable for Amazon
Morgan Stanley analyst Brian Nowak weighed in on the tax and USPS debates facing Amazon (AMZN) following the President's recent tweets, saying that he sees online sales tax legislation as probable, but also believe it is manageable for the company. On the issue, he thinks this isn't new for Amazon and if anything sees it as a bigger risk to eBay (EBAY) and third party sellers. On the company's relationship with the USPS, Nowak said he views it as mutually beneficial and while he see the USPS asking for higher rates he also expect negotiations to be "rational." If the USPS asks for material increases, Amazon may be forced to increase its 2018/2019 last mile build, which is likely to weigh on near-term profitability, added Nowak, who keeps an Overweight rating and $1,500 price target on the stock.
04/05/18
KEYB
04/05/18
NO CHANGE
KEYB
Sector Weight
Automation the next 'cloud wars' battle, says KeyBanc
KeyBanc analyst Brent Bracelin says the AWS Summit SF exposed an even greater focus by Amazon (AMZN) Web Services on cloud automation. The analyst believes the "cloud wars" in 2018 appear to be moving from a battle of "features" seen in the last two years toward a new battle of "automation." Bracelin sees Automation as having three major benefits for AWS: it can drive material cost savings, it saves developers time, and it serves as a competitive differentiator versus Microsoft Azure (MSFT) and Google Cloud (GOOG; GOOGL). Bracelin reiterates a Sector Weight rating on Amazon's shares.

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KLIC

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NVDA

Nvidia

$144.66

-19.72 (-12.00%)

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TLSA

Tiziana Therapeutics

$0.00

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AAPL

Apple

$185.80

-7.62 (-3.94%)

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  • 04

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SPX

S&P 500

$0.00

(0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

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Options
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TESS

Tessco

$11.11

-0.12 (-1.07%)

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TC

Thompson Creek

$0.00

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BSX

Boston Scientific

$35.29

-1.93 (-5.19%)

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ORIT

Oritani Financial

$15.35

0.065 (0.43%)

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VST

Vistra Energy

$23.55

-0.12 (-0.51%)

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Vistra Energy 12M share Block Trade priced at $23.20 »

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  • 20

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BLDR

Builders FirstSource

$12.55

0.11 (0.88%)

09:15
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MMAC

MMA Capital

$26.70

-0.3 (-1.11%)

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WIFI

Boingo Wireless

$23.75

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BCOR

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EB

Eventbrite

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AMRC

Ameresco

$14.39

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AMBO

Ambow Education

$5.04

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TPNL

3PEA International

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UNH

UnitedHealth

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GE

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