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KR

Kroger

$26.21

0.21 (0.81%)

, DRI

Darden

$93.27

-1.34 (-1.42%)

20:25
06/20/18
06/20
20:25
06/20/18
20:25

Notable companies reporting before tomorrow's open

Notable companies reporting before tomorrow's open, with earnings consensus, include Kroger (KR), consensus 63c... Darden Restaurants (DRI), consensus $1.35... Commercial Metals (CMC), consensus 41c... Patterson Companies (PDCO), consensus 31c.

KR

Kroger

$26.21

0.21 (0.81%)

DRI

Darden

$93.27

-1.34 (-1.42%)

CMC

Commercial Metals

$23.67

0.44 (1.89%)

PDCO

Patterson Companies

$22.54

0.07 (0.31%)

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    Jun

  • 10

    Jul

KR Kroger
$26.21

0.21 (0.81%)

06/19/18
LOOP
06/19/18
NO CHANGE
Target $27
LOOP
Hold
Kroger price target raised to $27 at Loop Capital on stronger comps view
Loop Capital analyst Andrew Wolf raised his price target on Kroger to $27 from $25 and kept his Hold rating ahead of this week's earnings report. The analyst expects comps to beat expectations given the accelerating year-to-date grocery sector sales, but also sees gross margins remaining under pressure to reflect the subsiding retail food price inflation.
05/24/18
SPHN
05/24/18
NO CHANGE
Target $110
SPHN
Overweight
Kroger purchase of Home Chef a long-term negative for Calavo, says Stephens
Stephens analyst Farha Aslam said Kroger's (KR) purchase of meal-kit company Home Chef is a long-term negative for Calavo Growers, as the deal likely limits the scale of Prep+Pared, which FreshRealm partnered with Kroger to support. Calavo owns a 40% stake in FreshRealm, Aslam noted. The analyst, who thinks recent customer wins can likely offset less robust growth from Prep+Pared for FreshRealm, keeps her Overweight rating and $110 price target on Calavo shares.
05/17/18
05/17/18
UPGRADE
Target $33

Buy
Kroger upgraded to Buy after Ocado partnership at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Robert Ohmes upgraded Kroger to Buy from Neutral following the company's announcement of an exclusive U.S. partnership agreement with Ocado, stating that the opening of up to 20 automated warehouses could expand Kroger's trade areas significantly and help solve the issue of its "click-and-collect" having been more cannibalistic than at other grocers. The analyst, who also views Kroger's valuation as "compelling," raised his price target on the stock to $33 from $28.
05/17/18
BOFA
05/17/18
UPGRADE
BOFA
Buy
Kroger upgraded to Buy from Neutral at BofA/Merrill
DRI Darden
$93.27

-1.34 (-1.42%)

06/07/18
06/07/18
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. Darden (DRI) upgraded to Buy from Hold at SunTrust with Jake Bartlett citing his view that its multiple will expand with modest comp sales outperformance beyond fiscal 2018, accelerating unit growth, resumed acquisitions and a higher dividend. 2. Wingstop (WING) upgraded to Outperform from Neutral at Wedbush with analyst Nick Setyan saying he believes drivers of same store sales growth and margin upside relative to current consensus 2018 and 2019 estimates exist. 3. LabCorp (LH) upgraded to Overweight from Sector Weight at KeyBanc with analyst Donald Hooker saying he sees LabCorp and Quest Diagnostics (DGX) benefiting over time from their recent contracts with United Healthcare (UNH) and Aetna (AET). 4. Carrizo Oil & Gas (CRZO) upgraded to Buy from Hold at Tudor Pickering. 5. Canadian Solar (CSIQ) upgraded to Neutral from Underweight at JPMorgan with analyst Paul Coster saying risks from China's new solar policy appear priced in the shares at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/18
RHCO
06/07/18
UPGRADE
Target $110
RHCO
Buy
Darden upgraded to Buy from Hold at SunTrust
SunTrust analyst Jake Bartlett upgraded Darden Restaurants to Buy from Hold and raised his price target for shares to $110 from $104, citing his view that its multiple will expand with modest comp sales outperformance beyond fiscal 2018, accelerating unit growth, resumed acquisitions and a higher dividend. In a research note to investors, Bartlett said the issues pressuring Q4 results are "largely transitory," creating a buying opportunity following share price underperformance year-to-date. While he does see risk to Q4 SSS estimates, he believes this is priced in, but the improving long-term story is not.
06/06/18
RHCO
06/06/18
UPGRADE
RHCO
Buy
Darden upgraded to Buy from Hold at SunTrust
06/11/18
MAXM
06/11/18
NO CHANGE
Target $112
MAXM
Buy
Darden Cheddar's concept to serve as FY19 catalyst, says Maxim
Maxim analyst Stephen Anderson kept his Buy rating and $112 price target on Darden ahead of its June 21st earnings, saying the quarter stands to benefit from the add-on promotion at Olive Garden boosting its average ticket sales. The analyst also notes that the shift to positive comps at Darden's newest concept - Cheddar's - will serve as a catalyst in FY19, while the cost pressures remain contained from more benign food prices following a jump in the second half of FY18. Anderson keeps his FY19 EPS view of $5.63 and FY19 blended comps estimate of 2.4%.
CMC Commercial Metals
$23.67

0.44 (1.89%)

04/06/18
LBOW
04/06/18
INITIATION
Target $27
LBOW
Buy
Commercial Metals initiated with a Buy at Longbow
Longbow initiated Commercial Metals with a Buy and $27 price target.
04/06/18
04/06/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Walmart (WMT) initiated with a Hold at Loop Capital. 2. Hanesbrands (HBI) initiated with a Neutral at BofA/Merrill. 3. Commercial Metals (CMC) initiated with a Buy at Longbow. 4. WageWorks (WAGE) resumed with a Hold at Needham. 5. Werner (WERN) resumed with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/17/18
MACQ
05/17/18
UPGRADE
MACQ
Neutral
Commercial Metals upgraded to Neutral from Underperform at Macquarie
Macquarie analyst David Lipschitz upgraded Commercial Metals to Neutral from Underperform with a $24 price target. The analyst expects rebar prices to stay strong given improving construction activities, supporting earnings for the next few years.
06/19/18
BOFA
06/19/18
DOWNGRADE
Target $23
BOFA
Underperform
Commercial Metals downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Timna Tanners downgraded Commercial Metals to Underperform from Neutral and cut its price target to $23 from $24. The analyst said shares are pricing in better-than-normal earnings power, but he expects rebar imports and domestic to rise into Q4. Tanners believes the rebar markets remain oversupplied and expects new domestic capacity to pressure margins.
PDCO Patterson Companies
$22.54

0.07 (0.31%)

03/08/18
LEHM
03/08/18
INITIATION
Target $23
LEHM
Underweight
Patterson Companies initiated with an Underweight at Barclays
Barclays analyst Steve Valiquette started Patterson Companies with an Underweight rating and $23 price target. The analyst initiated 14 companies in Health Care Services with a Neutral industry view.
04/04/18
04/04/18
UPGRADE
Target $80

Outperform
Henry Schein upgraded to Outperform at Leerink
As previously reported, Leerink analyst David Larsen upgraded Henry Schein (HSIC) to Outperform from Market Perform as he believes investor concerns around Amazon (AMZN), the FTC complaint, and Patterson Companies' (PDCO) recent Q3 results are overdone. Based on a recent MEDACorp survey, the analyst believes that Henry Schein ranks #1 in overall quality of service as considered by dental practices, vet offices, and physician groups. Larsen also raised his price target on Henry Schein shares to $80 from $75.
04/06/18
CHLM
04/06/18
UPGRADE
Target $28
CHLM
Buy
Patterson Companies upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum analyst Kevin Ellich upgraded Patterson Companies to Buy from Hold and raised his price target on the stock to $28 from $23, stating that his sum-of-parts analysis suggests the company could unlock value by splitting its dental and animal health businesses. He also sees limited downside from the current valuation and finds the 4.7% dividend yield attractive.
04/06/18
04/06/18
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. Valeant (VRX) upgraded to Neutral from Underperform at Mizuho with analyst Irina Koffler saying while she remains concerned about Valeant's return to revenue growth, sees no near-term "sell catalysts." 2. Patterson Companies (PDCO) upgraded to Buy from Hold at Craig-Hallum with analyst Kevin Ellich saying that his sum-of-parts analysis suggests the company could unlock value by splitting its dental and animal health businesses. 3. Prologis (PLD) and AvalonBay (AVB) were upgraded to Buy from Neutral at Citi. 4. Universal Display (OLED) upgraded to Outperform from Perform at Oppenheimer with analyst Andrew Uerkwitz saying with the shares down 41% year-to-date, the stock is oversold and the risks are fully priced in. 5. Halyard Health (HYH) upgraded to Overweight from Sector Weight at KeyBanc with analyst Matthew Mishan saying he sees the company's earnings growth accelerating and valuation re-rating following the sale of its Surgical & Infection Prevention unit. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

OSTK

Overstock.com

$26.96

0.18 (0.67%)

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CSX

CSX

$72.25

1.39 (1.96%)

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FCB

FCB Financial

$43.96

-0.69 (-1.55%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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General news
Treasury Closing Summary: »

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MAXR

Maxar Technologies

$30.30

0.89 (3.03%)

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IBM

IBM

$144.76

3.64 (2.58%)

15:04
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Options
IBM options imply 7.1% move in share price post-earnings, above median historical move »

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BA

Boeing

$367.17

8.36 (2.33%)

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CLDR

Cloudera

$15.68

0.44 (2.89%)

15:01
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  • 29

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MNKD

MannKind

$1.90

0.24 (14.46%)

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CCK

Crown Holdings

$47.93

1.44 (3.10%)

15:00
10/16/18
10/16
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15:00
Options
Call spread in Crown Holdings in front of earnings »

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  • 18

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ONDK

On Deck Capital

$7.28

0.51 (7.53%)

, JPM

JPMorgan

$108.59

2.25 (2.12%)

14:55
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10/16
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14:55
Recommendations
On Deck Capital, JPMorgan analyst commentary  »

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ONDK

On Deck Capital

$7.28

0.51 (7.53%)

JPM

JPMorgan

$108.59

2.25 (2.12%)

03/08/13
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OSTK

Overstock.com

$27.11

0.33 (1.23%)

14:50
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DWDP

DowDuPont

$60.29

1.36 (2.31%)

14:50
10/16/18
10/16
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Options
DowDuPont draws call buyers »

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NFLX

Netflix

$341.60

8.49 (2.55%)

14:49
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Options
Netflix options imply 14.9% move in share price post-earnings, above median historical move »

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General news
Canada Manufacturing Preview »

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H

Hyatt

$72.79

1.08 (1.51%)

14:42
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Hyatt analyst commentary  »

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  • 31

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ALLY

Ally Financial

$25.87

-0.22 (-0.84%)

14:40
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Options
Ally Financial attracts put buying as shares see relative weakness »

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CDNS

Cadence Design

$40.13

0.74 (1.88%)

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  • 16

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EEM

iShares MSCI Emerging Markets ETF

$40.79

0.95 (2.38%)

14:30
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Options
Aggressive call spread opened in iShares Emerging Markets Fund »

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I

Intelsat

$36.25

3.81 (11.74%)

14:25
10/16/18
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Options
Intelsat call volume above normal and directionally bullish »

Bullish option flow…

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14:25
10/16/18
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Conference/Events
Financial Stability Oversight Council to hold a meeting »

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WBA

Walgreens Boots Alliance

$75.55

0.83 (1.11%)

, AMZN

Amazon.com

$1,811.22

50.23 (2.85%)

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Periodicals
Walgreens CEO says buyout of AmerisourceBergen possible, Bloomberg reports »

Walgreens Boots Alliance…

WBA

Walgreens Boots Alliance

$75.55

0.83 (1.11%)

AMZN

Amazon.com

$1,811.22

50.23 (2.85%)

CVS

CVS Health

$73.05

0.01 (0.01%)

AET

Aetna

$199.90

0.88 (0.44%)

ABC

AmerisourceBergen

$92.51

2.93 (3.27%)

RAD

Rite Aid

$1.05

-0.005 (-0.48%)

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  • 16

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RP

RealPage

$58.71

2.33 (4.13%)

14:22
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Hot Stocks
RealPage pays $3M to settle FTC charges over tenant screening »

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  • 13

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