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WMT

Walmart

$86.98

-0.9 (-1.02%)

, MCD

McDonald's

$158.77

-0.76 (-0.48%)

17:03
04/20/18
04/20
17:03
04/20/18
17:03

Walmart announces McDonald's Steve Easterbrook as independent nominee to board

"This year's Proxy materials seek shareholders' votes on 11 director nominees, two company proposals and two shareholder proposals. Dr. James Cash is retiring from the Board, and Kevin Systrom will not stand for re-election. As Walmart maintains its commitment to an independent Board, it announced Steve Easterbrook, CEO of McDonald's, as a new independent nominee."

WMT

Walmart

$86.98

-0.9 (-1.02%)

MCD

McDonald's

$158.77

-0.76 (-0.48%)

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WMT Walmart
$86.98

-0.9 (-1.02%)

04/19/18
04/19/18
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. Walmart (WMT) upgraded to Buy from Hold at Argus with analyst Christopher Graja saying he believes an improving job market should help low-and-middle-income shoppers spend more. 2. Sprint (S) upgraded to Neutral from Underperform at Macquarie. 3. iRobot (IRBT) upgraded to Overweight from Neutral at Piper Jaffray with analyst Troy Jensen saying tracking data shows iRobot is experiencing "exceptionally strong demand in North America." 4. Diodes (DIOD) upgraded to Buy from Neutral at Longbow with analyst Shawn Harrison saying he expects rising demand, pricing, and Pericom growth to drive sales, gross margins, and earnings higher. 5. Texas Capital (TCBI) upgraded to Overweight from Neutral at Piper Jaffray with analyst Brett Rabatin saying he sees Texas Capital outperforming peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/19/18
MSCO
04/19/18
NO CHANGE
Target $1550
MSCO
Overweight
Amazon gaining apparel market share in U.S., says Morgan Stanley
Morgan Stanley analyst Brian Nowak said his analysis shows that Amazon (AMZN) gained 1.5% of U.S. apparel market share in 2017, largely at the expense of department stores. He estimates Amazon is the second largest U.S. apparel retailer, trailing only Walmart (WMT), and expects the e-commerce giant to take the number one spot in terms of U.S. apparel market share in 2018. Cumulatively, Nowak estimates Sears (SHLD), Macy's (M) and J.C. Penney (JCP) lost 0.8% share in 2017, with shareholdings remaining roughly flat for Target (TGT) and Kohl's (KSS). He maintains an Overweight rating and $1,550 price target on Amazon shares.
04/19/18
04/19/18
UPGRADE
Target $100

Buy
Walmart upgraded at Argus on low-income shoppers, high-quality stock seeekers
As previously reported, Argus analyst Christopher Graja upgraded Walmart to Buy from Hold, as he believes an improving job market should help low-and-middle-income shoppers spend more. He also sees the recent flattening of the Treasury yield curve leading some investors to boost their allocation to high-quality stocks like Walmart, Graja tells investors. He set a $100 price target on Walmart shares.
04/19/18
ARGS
04/19/18
UPGRADE
ARGS
Buy
Walmart upgraded to Buy from Hold at Argus
MCD McDonald's
$158.77

-0.76 (-0.48%)

04/16/18
04/16/18
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. McDonald's (MCD) downgraded to Equal Weight from Overweight at Stephens with analyst Will Slabaugh saying he believes the mid-single-digit comp growth of recent quarters should not be considered the norm. 2. J.M. Smucker (SJM) downgraded to Underperform from Neutral at Credit Suisse with analyst Robert Moskow saying he believes that while the company has leading brands in two big, growing categories, the dynamic changes in consumer preferences have significantly devalued or commoditized its legacy brands and impaired its competitiveness. 3. Dean Foods (DF) downgraded to Sell from Neutral at Goldman Sachs. 4. Dollar General (DG), Dollar Tree (DLTR), and Big Lots (BIG) were downgraded to Outperform from Strong Buy at Raymond James. 5. Crocs (CROX) downgraded to Negative from Neutral at Susquehanna with analyst Sam Poser saying he believes its wholesale mid-single digit growth may not be sustainable for the next few years despite an expected acceleration of the sandal business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/16/18
SPHN
04/16/18
DOWNGRADE
Target $170
SPHN
Equal Weight
McDonald's downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Will Slabaugh downgraded McDonald's to Equal Weight from Overweight, as he believes the mid-single-digit comp growth of recent quarters should not be considered the norm. He thinks sell-side estimates and investor expectations for U.S. comparable sales growth during the rest of the year appear optimistic. Slabaugh lowered his price target on McDonald's shares to $170 from $185.
03/16/18
JEFF
03/16/18
NO CHANGE
Target $200
JEFF
Buy
Jefferies a buyer of McDonald's on recent share weakness
Jefferies analyst Andy Barish says he's a buyer of McDonald's on the recent share weakness, which he attributes to general market weakness and high expectations. The analyst remains comfortable with his up 3% U.S. same-store-sales estimate for Q1 and early receptivity of the $1/2/3 value menu. He reiterates a Buy rating on McDonald's with a $200 price target.
03/07/18
SPHN
03/07/18
NO CHANGE
SPHN
Overweight
Stephens lowers estimates for McDonald's, Sonic
Stephens analyst Will Slabaugh believes early signs continue to support his thesis that low-to-middle income consumers are in an improving position, putting large-scale quick service in position to outperform. However, he lowered his quarterly estimates for McDonald's (MCD), as he thinks recent value messaging changes have shifted share to Burger King (QSR), especially at breakfast. He also lowered his quarterly estimates for Sonic (SONC), citing weather in the Southern and Central U.S. He maintains Overweight ratings on both McDonald's and Sonic and continues to view Burger King parent Restaurant Brands as his Best Idea in restaurants.

TODAY'S FREE FLY STORIES

VKTX

Viking Therapeutics

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ACHV

Achieve Life Sciences

$2.55

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NFLX

Netflix

$362.55

12.31 (3.51%)

, VIA

Viacom

$33.80

0.05 (0.15%)

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VIA

Viacom

$33.80

0.05 (0.15%)

VIAB

Viacom

$30.26

0.2 (0.67%)

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BX

Blackstone

$37.63

0.53 (1.43%)

14:47
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14:47
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Conference/Events
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ING

ING Group

$13.00

0.05 (0.39%)

14:46
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Syndicate
Breaking Syndicate news story on ING Group »

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CNST

Constellation Pharmaceuticals

$7.01

-0.64 (-8.37%)

14:44
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14:44
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Conference/Events
Constellation Pharmaceuticals management to meet with Jefferies »

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NTDOY

Nintendo

$0.00

(0.00%)

14:41
09/18/18
09/18
14:41
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14:41
Hot Stocks
Nintendo offering Fortnite bundle for Switch »

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KO

Coca-Cola

$46.06

-0.26 (-0.56%)

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Coca-Cola acquires Australian maker of MOJO Kombucha, terms undisclosed »

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SPWR

SunPower

$7.43

0.85 (12.92%)

14:35
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SunPower spikes higher after receiving solar tariff exclusion »

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ABBV

AbbVie

$93.60

-1.77 (-1.86%)

14:35
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14:35
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Options
AbbVie put volume heavy and directionally bearish »

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SAIC

SAIC

$77.37

-0.58 (-0.74%)

14:30
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Conference/Events
SAIC management to meet with Jefferies »

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CPA

Copa Holdings

$79.77

-0.23 (-0.29%)

14:29
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14:29
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Conference/Events
Copa Holdings to host investor day »

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ABBV

AbbVie

$94.29

-1.08 (-1.13%)

14:29
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Periodicals
Citron reiterates $60 AbbVie target, says lawsuit 'least of the problems' »

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VIPS

Vipshop

$6.06

0.07 (1.17%)

14:25
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Options
Vipshop call volume above normal and directionally bullish »

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GDEN

Golden Entertainment

$26.96

0.51 (1.93%)

14:21
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14:21
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Conference/Events
Golden Entertainment management to meet with Jefferies »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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ABBV

AbbVie

$96.00

0.63 (0.66%)

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PH

Parker-Hannifin

$189.44

1.99 (1.06%)

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VSM

Versum Materials

$35.69

-0.265 (-0.74%)

14:09
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Conference/Events
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  • 19

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VSM

Versum Materials

$35.69

-0.265 (-0.74%)

14:08
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Conference/Events
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  • 19

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SQ

Square

$87.41

0.54 (0.62%)

14:07
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Periodicals
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General news
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VUZI

Vuzix

$5.95

0.1 (1.71%)

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ABBV

AbbVie

$95.89

0.52 (0.55%)

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CA regulator intervening in whistleblower suit against AbbVie, Bloomberg says »

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