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FL

Foot Locker

$52.90

0.98 (1.89%)

, VFC

VF Corp.

$85.30

1.61 (1.92%)

09:55
07/13/18
07/13
09:55
07/13/18
09:55

Early notable gainers among liquid option names on July 13th

Notable gainers among liquid option names this morning include Foot Locker (FL) $53.20 +1.28, V F Corp (VFC) $85.69 +1.98, Bed Bath & Beyond (BBBY) $20.30 +0.45, CVS Health (CVS) $69.46 +1.47, and United Rentals (URI) $155.53 +3.27.

FL

Foot Locker

$52.90

0.98 (1.89%)

VFC

VF Corp.

$85.30

1.61 (1.92%)

BBBY

Bed Bath & Beyond

$20.17

0.32 (1.61%)

CVS

CVS Health

$68.62

0.63 (0.93%)

URI

United Rentals

$154.74

2.47 (1.62%)

  • 19

    Jul

  • 20

    Jul

FL Foot Locker
$52.90

0.98 (1.89%)

06/29/18
JEFF
06/29/18
NO CHANGE
Target $75
JEFF
Buy
Nike shares remain expensive despite strong Q4, says Jefferies
Jefferies analyst Randal Konik says that while Nike last night reported strong Q4 results, the shares remain expensive. The analyst raised his price target for the stock to $75 from $68 and reiterates a Hold rating on the name. Konik continues to like Foot Locker (FL) as a less expensive way to play Nike, and Under Armour (UAA) as a better way to play a strengthening athletic space.
05/29/18
ADAM
05/29/18
NO CHANGE
Target $66
ADAM
Buy
Foot Locker on path to improved profitability, says Canaccord
Canaccord analyst Camilo Lyon noted Foot Locker reported solid Q1 results and said the beat was driven by less comp decline, less margin degradation, and less expense leverage. He was encouraged by the company's progress toward an improved product assortment and the way it is working through its inventory mix. Lyon reiterated his Buy rating and $66 target on Foot Locker shares.
06/11/18
WELS
06/11/18
NO CHANGE
Target $74
WELS
Market Perform
Nike price target raised to $74 from $62 at Wells Fargo
Wells Fargo analyst Tom Nikic raised his price target for Nike (NKE) to $74 from $62 following meetings with management of Foot Locker (FL), Nike's largest wholesale partner, where the tone was very positive around the latter's product flows, boding well for Nike into FY19. The analyst reiterates a Market Perform rating on Nike's shares.
06/21/18
UBSW
06/21/18
INITIATION
Target $59
UBSW
Neutral
Foot Locker initiated with a Neutral at UBS
UBS analyst Jay Sole started Foot Locker with a Neutral rating and $59 price target.
VFC VF Corp.
$85.30

1.61 (1.92%)

07/13/18
BOFA
07/13/18
UPGRADE
BOFA
Buy
VF Corp. upgraded two notches to Buy at BofA/Merrill
BofA/Merrill analyst Robert Ohmes upgraded VF Corp (VFC) to Buy from Underperform and raised his price objective to $96 from $65 ahead of the company's earnings report on July 20, telling investors in a research note that he believes Vans momentum is sustainable and will be a "go-to-brand" for the back-to-school selling season. He said his channel checks indicate accelerating momentum in Vans, especially classic styles, and that the $50-$60 price point is attractive given consumers' shift to value. Looking ahead, Ohmes believes Q3 growth assumptions are conservative, as the Vans momentum is broad-based, extending across both wholesale and direct-to-consumer, as retailers, including Foot Locker (FL), have called out "Vans heat" and web traffic data from Vans.com as strong.
07/12/18
07/12/18
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. Galmed (GLMD) initiated with an Overweight at Cantor Fitzgerald. 2. VF Corp. (VFC) initiated with a Buy at Deutsche Bank. 3. NetApp (NTAP) initiated with a Buy at Guggenheim. 4. Rayonier Advanced Materials (RYAM) initiated with a Buy at Berenberg. 5. Ebix (EBIX) initiated with a Buy at Maxim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/18
DBAB
07/12/18
INITIATION
Target $93
DBAB
Buy
VF Corp. initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Paul Trussell started VF Corp. with a Buy rating and $93 price target.
06/25/18
GSCO
06/25/18
INITIATION
GSCO
Sell
PVH Corp. initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis initiated PVH Corp (PVH) with a Sell, telling investors in a research note that while the company has benefited from a strong acceleration in growth in Tommy Hilfiger and Calvin Klein, she believes momentum is peaking as a number of tailwinds fade. This morning, Walvis also initiated shares of Tapestry (TPR) with a Conviction Buy and Tiffany (TIF) and VFC (VFC) with a Buy.
BBBY Bed Bath & Beyond
$20.17

0.32 (1.61%)

06/27/18
LOOP
06/27/18
NO CHANGE
Target $18
LOOP
Hold
Bed Bath & Beyond results 'noting to write home about', says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Hold rating and $18 price target on Bed Bath & Beyond after its Q1 earnings, saying that while sales increased 0.4%, operating margins declined by 200bps. The analyst also notes the decline in comps driven by weak brick-and-mortar results even though the customer-facing digital channel comparable sales growth was "strong." Chukumba states that the blend of comps decline and margin deterioration is a "worrisome combination".
07/02/18
LOOP
07/02/18
NO CHANGE
Target $18
LOOP
Hold
Bed Bath & Beyond gap with Amazon pricing still 'significant', says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Hold rating and $18 price target on Bed Bath & Beyond (BBBY), saying his periodic study of price discrepancy with Amazon.com (AMZN) suggests that while the range narrowed, it remains "fairly significant". Chukumba adds that the company's streak of weak fundamentals will continue "for the foreseeable future", with no reason to have a more constructive view of the stock.
04/23/18
WELS
04/23/18
INITIATION
Target $16
WELS
Underperform
Bed Bath & Beyond initiated with an Underperform at Wells Fargo
Wells Fargo analyst Zachary Fadem initiated Bed Bath & Beyond with an Underperform and $16 price target.
04/12/18
04/12/18
DOWNGRADE

Underperform
Bed Bath & Beyond downgraded to Underperform at Raymond James
As previously reported, Raymond James analyst Beryl Bugatch downgraded Bed Bath & Beyond to Underperform from Market Perform following quarterly results. Despite the array of initiatives announced by management, a key issue for the analyst is that the fleet of over 1,000 legacy Bed Bath & Beyond stores continue to deliver in-store mid-single-digit comp sales declines. Without some underlying growth in management generated earnings over the next two years, shareholder value is likely to erode further, he adds. Nonetheless, Bugatch points out that at its current valuation, Bed Bath may attract "activist" interest.
CVS CVS Health
$68.62

0.63 (0.93%)

06/29/18
MZHO
06/29/18
NO CHANGE
MZHO
CVS, Express Scripts should be bought on recent selloff, says Mizuho
Mizuho analyst Ann Hynes recommends buying shares of CVS Health (CVS) and Express Scripts (ESRX) on weakness related to the announcement Amazon (AMZN) is entering the pharmacy space with its acquisition of PillPack. PillPack is a small mail order pharmacy, similar to the mail order pharmacies embedded in CVS Caremark, Express Scripts and OptumRx, Hynes tells investors in a research note.
07/09/18
SBSH
07/09/18
UPGRADE
Target $81
SBSH
Buy
CVS Health assumed to Buy from Neutral at Citi
Citi analyst Ralph Giacobbe upgraded CVS Health (CVS) to Buy after assuming coverage of the name. The analyst raised his price target for the shares to $81 from $68. While the execution of an integrated healthcare superstore post the pending Aetna (AET) acquisition may be a long way off, the concept will resonate with employers and individuals, Giacobbe tells investors in a research note. He believes deal integration and competitive Amazon (AMZN) risk are "somewhat overstated particularly in the context of heavily discounted valuation."
06/29/18
RBCM
06/29/18
NO CHANGE
Target $84
RBCM
Outperform
CVS Health price target lowered to $84 from $91 at RBC Capital
RBC Capital analyst George Hill lowered his price target on CVS Health Corp (CVS) to $84 after Amazon (AMZN) announced its entry into the pharmacy space with the acquisition of PillPack, even though he believes that the "stickiness of payer/pharmacy relationships, decreasing share of mail order, and PillPack's market share" will not cut margins in near to medium term. Hill keeps his Outperform rating on CVS, noting that it is better positioned to continue to grow its EBIT than Walgreens (WBA). The analyst also sees Amazon's entry into drug distribution raising the possibility of DOJ approval of CVS's Aetna (AET) acquisition.
06/29/18
JEFF
06/29/18
DOWNGRADE
Target $65
JEFF
Hold
Walgreens Boots Alliance downgraded to Hold from Buy at Jefferies
Jefferies analyst Brian Tanquilut downgraded Walgreens Boots Alliance (WBA) to Hold and lowered his price target for the shares to $65 from $85. The stock closed yesterday down 10%, or $6.56, to $59.70. Amazon's (AMZN) acquisition of mail order pharmacy PillPack has "enlarged the overhang" on the retail pharmacy space, Tanquilut tells investors in a research note. The analyst believes the deal could prevent both Walgreens and CVS Health (CVS) from seeing meaningful stock upside near-term. Further, Walgreens' Q3 results, which saw "weak" same-store-sales trends, do not help diffuse the perceived risk that Amazon brings to the company, Tanquilut argues.
URI United Rentals
$154.74

2.47 (1.62%)

07/13/18
UBSW
07/13/18
NO CHANGE
Target $196
UBSW
Buy
United Rentals looks attractive after selloff, says UBS
UBS analyst Steven Fisher believes the selloff in United Rentals shares following the company's Q1 earnings report has been overdone and he sees the shares as attractive ahead of its Q2 report given his expectations for continued end market strength and improved margins. He also expects the company to make additional deals over the next 18 months. Fisher reiterates a Buy rating and $196 price target on United Rentals shares.
07/13/18
BUCK
07/13/18
UPGRADE
BUCK
Buy
United Rentals upgraded to Buy from Neutral at Buckingham
06/25/18
BOFA
06/25/18
NO CHANGE
BOFA
United Rentals, Equinix removed from US 1 List at BofA/Merrill
07/03/18
STFL
07/03/18
NO CHANGE
STFL
Buy
United Rentals deal for BakerCorp presents attractive opportunity, says Stifel
Stifel analyst Stanley Elliott said he views United Rentals' deal to buy BakerCorp for $715M as an attractive transaction as it scales the company's Fluid Solutions business and was acquired at an attractive multiple. The analyst, who has been impressed by United Rentals has used its balance sheet to create scale and build a more defensible business, views the stock's valuation as compelling and maintains his Buy rating on the shares.

TODAY'S FREE FLY STORIES

SPX

S&P 500

$0.00

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, SPY

SPDR S&P 500 ETF Trust

$275.70

-4.71 (-1.68%)

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Goldman Sachs

$225.18

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TTWO

Take-Two

$125.92

-6.08 (-4.61%)

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TakeTwo Interactive Software put volume heavy and directionally bearish »

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PPG

$98.22

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URI

United Rentals

$123.97

-15.07 (-10.84%)

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Recommendations
United Rentals analyst commentary  »

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  • 18

    Oct

13:25
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Treasury Option Update: put spread positioning »

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ETE

Energy Transfer Equity

$17.05

(0.00%)

, ETP

Energy Transfer Partners

$21.83

0.03 (0.14%)

13:23
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10/18
13:23
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Hot Stocks
Energy Transfer Equity investors approve merger with Energy Transfer Partners »

Energy Transfer Equity,…

ETE

Energy Transfer Equity

$17.05

(0.00%)

ETP

Energy Transfer Partners

$21.83

0.03 (0.14%)

ET

Energy Transfer LP

$0.00

(0.00%)

03/08/13
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Bio Rad Laboratories…

NVS

Novartis

$85.96

0.62 (0.73%)

13:22
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10/18
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13:22
Periodicals
FDA rejects Novartis's effort to repurpose inflammation drug, Reuters reports »

The FDA has snubbed…

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  • 18

    Oct

  • 19

    Oct

  • 19

    Oct

  • 07

    Nov

KEY

KeyCorp

$18.31

-0.44 (-2.35%)

13:20
10/18/18
10/18
13:20
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13:20
Options
Heavy call activity in KeyCorp as shares fall on earnings »

Heavy call activity in…

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  • 18

    Oct

  • 30

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  • 16

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
10/18/18
10/18
13:17
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
10/18/18
10/18
13:16
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NYSE market internals summary »

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ATVI

Activision Blizzard

$73.15

-5.1 (-6.52%)

13:15
10/18/18
10/18
13:15
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13:15
Hot Stocks
Blizzard says 'multiple teams' working on different 'Diablo' projects »

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13:15
10/18/18
10/18
13:15
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13:15
General news
Treasury's $5 B 30-year TIPS sale was soft »

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ARRY

Array BioPharma

$15.68

0.62 (4.12%)

13:10
10/18/18
10/18
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Options
Array Biopharma attracts call buyers as shares see relative strength »

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TOWR

Tower International

$25.87

-0.1 (-0.39%)

13:09
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Tower International raised quarterly dividend to 13c from 12c per share »

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  • 29

    Oct

KO

Coca-Cola

$45.77

-0.09 (-0.20%)

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Coca-Cola names group presidents for Asia Pacific and Europe »

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  • 28

    Oct

  • 30

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  • 03

    Mar

DIS

Disney

$116.37

-0.72 (-0.61%)

, FOX

21st Century Fox

$45.47

0.03 (0.07%)

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DIS

Disney

$116.37

-0.72 (-0.61%)

FOX

21st Century Fox

$45.47

0.03 (0.07%)

FOXA

21st Century Fox

$45.84

0.02 (0.04%)

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  • 08

    Nov

  • 14

    Nov

  • 14

    Nov

13:05
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General news
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30-Yr TIPS Auction Total Amount data reported »

30-Yr TIPS Auction Total…

TWLO

Twilio

$71.40

-2.68 (-3.62%)

, TMUS

T-Mobile

$69.18

0.05 (0.07%)

13:04
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Hot Stocks
Twilio, T-Mobile partner to create new developer platform Twilio Narrowband »

Building on their…

TWLO

Twilio

$71.40

-2.68 (-3.62%)

TMUS

T-Mobile

$69.18

0.05 (0.07%)

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  • 02

    Nov

  • 06

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  • 12

    Nov

LION

Fidelity Southern

$22.96

-0.35 (-1.50%)

13:03
10/18/18
10/18
13:03
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13:03
Earnings
Fidelity Southern reports Q3 EPS 47c, consensus 37c »

Total assets decreased by…

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  • 06

    Dec

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