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MNRO

Monro

$61.35

0.55 (0.90%)

06:54
07/13/18
07/13
06:54
07/13/18
06:54

Monro upgraded to Buy from Neutral at Goldman Sachs

Goldman analyst Matthew Fassler upgraded Monro to Buy and raised his price target to $71 from $58 citing promising unit growth. Fassler said Monro continues to accumulate assets through M&A, recapturing same-store sales momentum, driven by improved execution under new senior management, and favorable automotive demographics. The analyst said the growth store opportunity remains substantial, and given its visibility and access to capital, remains a "roll-up" story, combined with a substantially improving existing base.

  • 26

    Jul

MNRO Monro
$61.35

0.55 (0.90%)

03/23/18
03/23/18
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. American Eagle (AEO) initiated with a Buy at Loop Capital. 2. GoDaddy (GDDY) initiated with a Buy at Goldman Sachs while Wix.com (WIX) was initiated with a Neutral. 3. KAR Auction (KAR) and Copart (CPRT) were initiated with a Buy at SunTrust while Monro (MNRO) was initiated with a Hold. 4. Talend (TLND) initiated with a Buy at Needham. 5. Sun Hydraulics (SNHY) initiated 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.
04/17/18
GUGG
04/17/18
INITIATION
Target $67
GUGG
Buy
Monro initiated with a Buy at Guggenheim
Guggenheim analyst Ali Faghri initiated Monro with a Buy and $67 price target telling investors it is an attractive acquisition candidate in a rapidly consolidating repair shop sector. At a minimum, the analyst thinks a potential acquisition puts a floor on valuation and notes historical transactions in the sector point to 20% upside. Further, Faghri new management's focus on improving operations provides an opportunity for more sustainable same-store sales growth.
04/17/18
SPHN
04/17/18
NO CHANGE
Target $59
SPHN
Equal Weight
Monro said to be near acquisition announcement, says Stephens
Stephens analyst Rick Nelson noted that Monro will unveil a 3 year financial plan at its analyst day in May and he expects the company to target modest same-store sales growth in FY19 followed by accelerating same-store sale growth surpassing industry growth of 3% in FY20-21. Industry sources indicate that an acquisition announcement from Monro is "pending," added Nelson, who would like to see the company do more M&A. He raised his price target on Monro shares to $59 from $48 and maintains an Equal Weight rating on the stock.
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.

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VXX

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TVIX

VelocityShares Daily 2x VIX Short-Term ETN

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BAC

Bank of America

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SVXY

ProShares Short VIX Short-Term Futures

$13.79

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XERS

Xeris Pharmaceuticals

$18.26

-0.18 (-0.98%)

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INST

Instructure

$44.93

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BAC

Bank of America

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-0.24 (-0.83%)

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  • 16

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USO

United States Oil Fund

$14.47

0.085 (0.59%)

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IIIV

i3 Verticals

$16.73

-0.025 (-0.15%)

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KRYS

Krystal Biotech

$17.14

0.08 (0.47%)

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XOP

SPDR Oil Exploration and Production Fund

$43.19

0.06 (0.14%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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  • 16

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$26.43

0.89 (3.48%)

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NBIX

Neurocrine

$102.95

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, TEVA

Teva

$23.29

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$54.61

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BAC

Bank of America

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  • 16

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ERJ

Embraer

$21.50

-0.78 (-3.50%)

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  • 16

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EPRT

Essential Properties Realty Trust

$14.00

(0.00%)

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EWZ

MSCI Brazil Index

$34.05

0.67 (2.01%)

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VNTR

Venator Materials

$16.76

0.07 (0.42%)

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Tronox

$19.31

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  • 31

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PSA

Public Storage

$228.07

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  • 02

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EFA

iShares MSCI EAFE Index Fund

$67.80

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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