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M

Macy's

$33.16

3.22 (10.75%)

, AMZN

Amazon.com

$1,587.75

11.04 (0.70%)

07:31
05/17/18
05/17
07:31
05/17/18
07:31

Macy's price target raised to $35 from $31 at RBC Capital

RBC Capital analyst Brian Tunick raised his price target on Macy's (M) to $35 after its Q1 results, saying the company's business improvements that stabilized low-single-digit comps were encouraging while margins also appear to be bottoming. Tunick also cites "favorable consumer spending" and progress on strategic initiatives driving sequential improvement in comps. The analyst keeps his Sector Perform rating however, saying the stock price will likely remain range-bound without a "meaningful" comp acceleration amid the persistent investor concerns with the impact of Amazon (AMZN) on retail and the slowing mall traffic.

M

Macy's

$33.16

3.22 (10.75%)

AMZN

Amazon.com

$1,587.75

11.04 (0.70%)

  • 18

    May

  • 04

    Jun

M Macy's
$33.16

3.22 (10.75%)

05/10/18
05/10/18
DOWNGRADE
Target $25

Underweight
Morgan Stanley sees 'uphill battle' for Macy's, downgrades to Underweight
As previously reported, Morgan Stanley analyst Kimberly Greenberger downgraded Macy's to Underweight from Equal Weight citing its ongoing negative store-only comparable sales and continued decline in return on invested capital, or ROIC. Macy's is closing stores, but it is not doing so quickly enough, contends Greenberger. While those metrics leave her cautious, she also noted the retailer's shares have advanced over 60% since October, which she sees leaving the risk for investors skewed to the downside. Greenberger lowered her price target on Macy's shares to $25 from $27.
05/10/18
05/10/18
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. Macy's (M) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Kimberly Greenberger citing its ongoing negative store-only comparable sales and continued decline in return on invested capital, or ROIC. 2. L Brands (LB) downgraded to Sell from Hold at Loop Capital with analyst Laura Champine saying the April same-store-sales result of 0% was driven by promotions, and merchandise margin was once again "down significantly." The analyst also cut her price target for the shares to $28 from $40. 3. Tableau (DATA) downgraded to Sell from Neutral at MoffettNathanson. 4. Roche (RHHBY) downgraded to Market Perform from Outperform at Bernstein with analyst Tim Anderson saying its model shows the slowest 5Y EPS growth among his 10 covered names. 5. Baker Hughes (BHGE) downgraded to Neutral from Buy at BofA/Merrill with analyst Timna Tanners citing the strong run in Baker Hughes shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/16/18
JEFF
05/16/18
NO CHANGE
Target $30
JEFF
Hold
Jefferies ups Macy's target to $30, says read-through positive for retail peers
Jefferies analyst Randal Konik said he liked Macy's (M) "robust" revenue growth, clean inventories and controlled markdowns in the first quarter, though he also noted that Q2 comparable sales are expected to be down given the Friends and Family shift that aided Q1. Following the earnings report, Konik raised his price target on Macy's shares to $30 from $27, but he keeps a Hold rating on the stock, citing secular pressures impacting the company and the industry. The analyst, who thinks Macy's report has a positive read-through for retail more broadly, continues to prefer Kohl's (KSS), citing its off-mall positioning, differentiated assortment, and "omni-channel leadership."
05/17/18
SBSH
05/17/18
NO CHANGE
Target $25
SBSH
Sell
Macy's Q1 results 'as good as it gets,' says Citi
Citi analyst Paul Lejuez says Macy's Q1 results yesterday is "as good as it gets." Comparisons get tougher as the year progresses, Lejuez tells investors in a post-earnings research note. He notes that when stripping away the benefit from the shift in the Friends & Family promotion, the underlying comp trend in Q1 was very similar to Q4 on an absolute basis and worse than Q4 on a stacked basis. The analyst raised his price target for Macy's shares to $25 from $21 and keeps a Sell rating on the name.
AMZN Amazon.com
$1,587.75

11.04 (0.70%)

05/09/18
JEFF
05/09/18
NO CHANGE
Target $60
JEFF
Hold
Sears-Amazon tire partnership not a negative for Monro, says Jefferies
Jefferies analyst Bret Jordan kept his Hold rating and $60 price target on Monro (MNRO) after its stock price fell over 7.5% today to $52.70, saying Sears (SHLD) partnership with Amazon (AMZN) on tire installation and services is a not "transformational negative". Jordan notes that the greater transparency and price matching is not new, while Monro is "already an installer for other online sellers such as Tirerack and ATD's tirebuyer.com". The analyst adds that the agreement is not exclusive, leaving the "door open" for Monro to enter into a similar deal.
05/10/18
ROTH
05/10/18
DOWNGRADE
Target $1.8
ROTH
Neutral
U.S. Auto Parts downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst Darren Aftahi downgraded U.S. Auto Parts (PRTS) to Neutral from Buy on decelerating PL and marketplace growth. Nonetheless, the analyst notes that its Amazon (AMZN) partnership is "encouraging." Aftahi also lowered his price target on U.S. Auto Parts' shares to $1.80 from $3.
05/10/18
MSCO
05/10/18
NO CHANGE
Target $93
MSCO
Equal Weight
Walmart deal for Flipkart more dilutive than anticipated, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman noted that news reports heading up to Walmart's (WMT) deal for a majority stake in Flipkart had predicted a $12B transaction for about 60% of a business generating operating losses in the $1B range. However, the higher than expected magnitude of losses Walmart would absorb in India significantly raises the stakes on the trajectory of its U.S. business and clouds the near-term path, he said. He also questions why the company is investing outside the U.S. market, stating that it could have instead accelerated its third-party marketplace infrastructure, stepped up its partnership with Google Home (GOOG) to better compete with Amazon's (AMZN) Alexa, or intensified domestic investments in price and fulfillment. However, he does add that the deal prevents Amazon, for now, from building an "insurmountable" advantage in the important Indian market. Gutman lowered his price target on Walmart to $93 from $99 after the deal was more dilutive than anticipated and keeps an Equal Weight rating on the shares.
05/15/18
MKMP
05/15/18
NO CHANGE
Target $67
MKMP
Neutral
Kohl's Q1 may see 'significant slowdown' from Q4 on weather, says MKM Partners
MKM Partners analyst Patrick McKeever keeps his Neutral rating and $67 price target on Kohl's ahead of its Q1 earnings next week, saying the quarter is facing a risk of a slowdown from Q4 activity because of the wintery weather in the East. The analyst adds that he sees SSS rising 3% in Q1, but also expects them to decelerate in the coming quarters as comparisons become "progressively more difficult", while the partnership between Kohl's and Amazon (AMZN) remains limited.

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Ingenico

$0.00

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JLL

Jones Lang LaSalle

$144.15

0.795 (0.55%)

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RACE

Ferrari

$138.31

5.465 (4.11%)

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Stein Mart

$1.97

-0.09 (-4.37%)

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$1.97

-0.09 (-4.37%)

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Internap

$12.39

-0.33 (-2.59%)

TRVG

Trivago

$5.13

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PRQR

ProQR Therapeutics

$20.25

-1.4 (-6.47%)

MSFT

Microsoft

$113.24

1.05 (0.94%)

EVOP

EVO Payments

$26.27

-0.42 (-1.57%)

TSM

TSMC

$43.57

-0.2 (-0.46%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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SQ

Square

$87.97

1.1 (1.27%)

18:55
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MSFT

Microsoft

$113.24

1.05 (0.94%)

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  • 21

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KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

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  • 23

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MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
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Breaking Hot Stocks news story on Microsoft »

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  • 21

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OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
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Downgrade
OMA Airports rating change at Santander »

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CE

Celanese

$113.41

-0.03 (-0.03%)

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

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RIG

Transocean

$11.93

0.335 (2.89%)

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NE

Noble Corp.

$6.15

0.19 (3.19%)

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CCOEY

Capcom

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BBY

Best Buy

$77.70

0.67 (0.87%)

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
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WHD

Cactus

$35.93

1.24 (3.57%)

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

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