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MIK

Michaels

$20.44

0.21 (1.04%)

, AMZN

Amazon.com

$1,898.50

11.88 (0.63%)

11:32
08/09/18
08/09
11:32
08/09/18
11:32

Michaels selling on Amazon via wholesale brand, says Credit Suisse

MIK

Michaels

$20.44

0.21 (1.04%)

AMZN

Amazon.com

$1,898.50

11.88 (0.63%)

PRTY

Party City

$16.25

0.45 (2.85%)

  • 09

    Aug

  • 16

    Aug

  • 13

    Sep

MIK Michaels
$20.44

0.21 (1.04%)

06/20/18
JPMS
06/20/18
NO CHANGE
Target $25
JPMS
Overweight
Michaels added to Analyst Focus List at JPMorgan
JPMorgan analyst Christopher Horvers added Michaels to his firm's Analyst Focus List as a value idea. The stock's selloff since the Q1 report creates a "highly attractive entry point considering the historic low valuation," Horvers tells investors in a research note. The analyst views a "substantial buyback" as the most likely outcome for the company's cash position post two quarters of inactivity. After hosting meetings with management Horvers keeps an Overweight rating on Michaels with a $25 price target.
06/14/18
LOOP
06/14/18
NO CHANGE
Target $19
LOOP
Hold
Michaels 'deserves to be cheap,' says Loop Capital
Following this morning's Q1 results, Loop Capital analyst Laura Champine believes Michaels "deserves to be cheap." The analyst lowered her price target for the shares to $19 from $20 and keeps a Hold rating on the name. Champine says that though Michaels expects e-commerce to remain at a single-digit percentage of its revenues, she's beginning to believe the industry's penetration online is higher and growing more rapidly, pressuring the company's comp. She views the outlook for Q2 as disappointing.
04/23/18
WELS
04/23/18
INITIATION
Target $20
WELS
Market Perform
Michaels initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Zachary Fadem started Michaels with a Market Perform rating and $20 price target.
03/23/18
SPHN
03/23/18
NO CHANGE
Target $26
SPHN
Overweight
Michaels price target cut to $26 following Q4 results at Stephens
Stephens analyst Rick Nelson lowered his price target on The Michaels Companies to $26 from $30 following the company's in-line Q4 results. In a research note to investors, Nelson noted that the company's guidance fell well below the consensus, adding that the company is planning to utilize one third of its tax reform benefits to invest in strategic initiatives, like re-formatting 235 stores, and is planning to close 94 Aaron Brothers locations. Nelson continues to like Michaels' high operating margins, strong free cash flow and stock buybacks. Nelson backed his Overweight rating.
AMZN Amazon.com
$1,898.50

11.88 (0.63%)

08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
08/06/18
STFL
08/06/18
NO CHANGE
Target $202
STFL
Buy
Facebook added to Stifel Select List, Amazon removed
Stifel analyst Scott Devitt replaced Amazon (AMZN) with Facebook (FB) on the Stifel Select List, citing the strong year-to-date performance of Amazon shares, which he still likes and keeps a Buy rating upon. He believes Facebook expectations, and the shares, are appropriately set to allow for longer-term outperformance given the material reset that followed the company's "painful" Q2 update, Devitt tells investors. He maintains a Buy rating and $202 price target on Facebook.
08/06/18
LOOP
08/06/18
NO CHANGE
Target $55
LOOP
Buy
Etsy price target raised to $55 from $50 at Loop Capital
Loop Capital analyst Laura Champine raised her price target on Etsy (ETSY) to $55 and kept her Buy rating after its Q2 earnings beat and raised guidance. The analyst notes that while the stock price has already doubled year-to-date, its positive momentum is likely to continue after another update forecasting continued revenue growth. Champine also believes that her revenue growth forecasts may prove to be conservative, as Etsy's holiday promotional activity later this year is likely to increase seller count. The analyst contends that Etsy's seller fees at 5% are also an "excellent value" relative to eBay's (EBAY) 10% and Amazon's (AMZN) 15%.
08/08/18
RHCO
08/08/18
NO CHANGE
Target $50
RHCO
Hold
Edgewell Personal Care price target raised to $50 from $45 at SunTrust
SunTrust analyst William Chappell raised his price target on Edgewell Personal Care (EPC) to $50 after its Q3 earnings beat, also raising his FY18 EPS view to $3.48 from $3.43 and FY19 to $3.82 from $3.76. The analyst cites lower than expected decline in the Wet Shave segment organic sales along with its private label growth and a contract win from Amazon (AMZN), even though the company's Skin/Sun Care trends worsened slightly. Chappell keeps his Hold rating on Edgewell, acknowledging its efforts to improve trends with new product launches but also noting that it may take some time to "get things back on track."
PRTY Party City
$16.25

0.45 (2.85%)

11/13/17
JPMS
11/13/17
INITIATION
Target $14
JPMS
Overweight
Party City assumed with an Overweight at JPMorgan
JPMorgan analyst Tami Zakaria assumed coverage of Party City with an Overweight rating and $14 price target. The rating is unchanged and the price target is lowered from $18.
11/13/17
11/13/17
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. Party City (PRTY) assumed with an Overweight at JPMorgan. 2. MongoDB (MDB) was initiated with a Buy at Stifel and Canaccord, an Overweight at Barclays, an Equal Weight at Morgan Stanley, a Market Perform at JMP Securities, and a Neutral at Goldman Sachs. 3. Arista Networks (ANET) initiated with a Neutral at Piper Jaffray. 4. NetScout (NTCT) initiated with an Overweight at Piper Jaffray. 5. Aveo Oncology (AVEO) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
12/27/17
BOFA
12/27/17
NO CHANGE
BOFA
Neutral
Party City accelerated buybacks increase leverage and risk, says BofA/Merrill
BofA/Merrill analyst Curtis Nagle said Party City's $242M repurchase announcement last week from Advent will provide an immediate lift to earnings, but also increases leverage and risk to the business. Nagle raised estimates but reiterated his Neutral rating on Party City shares.
04/19/18
BOFA
04/19/18
UPGRADE
Target $20
BOFA
Buy
Party City upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Curtis Nagle upgraded Party City to Buy from Neutral and raised its price target to $20 from $17 citing expectations for better same-store sales growth in 2019, combined with consistent operating margin expansion. Nagle said a more favorable Halloween calendar, which falls on a Thursday, a strong lineup of franchise firms that will drive increased licensed product sales, and the ongoing acquisition of franchise locations will drive accelerated revenue growth.

TODAY'S FREE FLY STORIES

IMAX

Imax

$19.35

-0.2 (-1.02%)

17:07
12/13/18
12/13
17:07
12/13/18
17:07
Hot Stocks
Imax to close remaining VR locations, sees one-time charges of $6.9M in Q4 »

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TIK

Tel-Instrument

$3.05

(0.00%)

17:06
12/13/18
12/13
17:06
12/13/18
17:06
Hot Stocks
Tel-Instrument receives $615K test set order »

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CTMX

CytomX Therapeutics

$14.87

-0.13 (-0.87%)

17:04
12/13/18
12/13
17:04
12/13/18
17:04
Upgrade
CytomX Therapeutics rating change  »

CytomX Therapeutics…

03/08/13
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QDEL

Quidel

$50.74

-0.67 (-1.30%)

17:03
12/13/18
12/13
17:03
12/13/18
17:03
Hot Stocks
Quidel announces availability of Triage PLGF assay »

Quidel announced that the…

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JBHT

J.B. Hunt

$95.89

-2.36 (-2.40%)

17:02
12/13/18
12/13
17:02
12/13/18
17:02
Hot Stocks
J.B. Hunt announces arbitration update with BNSF Railway Company »

J.B. Hunt Transport…

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CWT

California Water Service

$48.57

0.77 (1.61%)

17:02
12/13/18
12/13
17:02
12/13/18
17:02
Hot Stocks
CPUC approves Cal Water provision of water service to Travis Air Force Base »

The California Public…

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NEU

NewMarket

$393.05

-6.78 (-1.70%)

17:02
12/13/18
12/13
17:02
12/13/18
17:02
Hot Stocks
NewMarket approves new $500M stock repurchase program »

NewMarket approved a new…

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CMT

Core Molding

$7.90

-0.4 (-4.82%)

17:01
12/13/18
12/13
17:01
12/13/18
17:01
Hot Stocks
Core Molding names Tom Cellitti vice chairman »

Core Molding Technologies…

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ADXS

Advaxis

$0.36

-0.0071 (-1.93%)

, AMGN

Amgen

$197.47

1.06 (0.54%)

17:00
12/13/18
12/13
17:00
12/13/18
17:00
Hot Stocks
Advaxis receives notice of termination from Amgen relating to ADXS-NEO program »

On December 10, Advaxis…

ADXS

Advaxis

$0.36

-0.0071 (-1.93%)

AMGN

Amgen

$197.47

1.06 (0.54%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 16

    Jan

GLNCY

Glencore

$0.00

(0.00%)

16:58
12/13/18
12/13
16:58
12/13/18
16:58
Periodicals
China's GEM halts buying cobalt from Glencore, Reuters reports »

Chinese battery firm GEM…

03/08/13
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RH

RH

$130.06

-6.15 (-4.52%)

16:58
12/13/18
12/13
16:58
12/13/18
16:58
Syndicate
RH says no longer exploring $300M convertible notes offering »

RH announced that it has…

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03/06/13
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AXON

Axovant Sciences

$1.13

-0.07 (-5.83%)

16:57
12/13/18
12/13
16:57
12/13/18
16:57
Syndicate
Axovant Sciences files to sell common stock, no amount given »

Jefferies and Guggenheim…

03/08/13
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03/06/13
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PG

Procter & Gamble

$96.50

2.47 (2.63%)

16:56
12/13/18
12/13
16:56
12/13/18
16:56
Upgrade
Procter & Gamble rating change  »

Procter & Gamble…

03/08/13
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03/08/13
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03/06/13
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  • 03

    Mar

JBHT

J.B. Hunt

$95.89

-2.36 (-2.40%)

16:55
12/13/18
12/13
16:55
12/13/18
16:55
Hot Stocks
Breaking Hot Stocks news story on J.B. Hunt »

J B Hunt Transport…

03/08/13
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GSK

GlaxoSmithKline

$37.94

0.26 (0.69%)

16:53
12/13/18
12/13
16:53
12/13/18
16:53
Initiation
GlaxoSmithKline initiated  »

GlaxoSmithKline initiated…

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03/06/13
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03/06/13
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  • 13

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$265.41

-0.12 (-0.05%)

16:53
12/13/18
12/13
16:53
12/13/18
16:53
Periodicals
Federal prosecutors investigating Trump inauguration spending, WSJ reports »

Federal prosecutors in…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$265.41

-0.12 (-0.05%)

03/08/13
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03/06/13
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03/06/13
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MG

Mistras

$14.94

-0.79 (-5.02%)

16:52
12/13/18
12/13
16:52
12/13/18
16:52
Conference/Events
Mistras to hold a conference call »

Conference call to…

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AGRX

Agile Therapeutics

$0.83

-0.0037 (-0.45%)

16:51
12/13/18
12/13
16:51
12/13/18
16:51
Hot Stocks
Agile Therapeutics to resubmit the Twirla NDA in 1H19 »

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AMZN

Amazon.com

$1,660.00

-3.4 (-0.20%)

16:49
12/13/18
12/13
16:49
12/13/18
16:49
Periodicals
Amazon ran sting to identify counterfeit textbooks, CNBC says »

Amazon conducted a sting…

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  • 19

    Dec

  • 20

    Dec

AZN

AstraZeneca

$39.23

0.32 (0.82%)

16:49
12/13/18
12/13
16:49
12/13/18
16:49
Initiation
AstraZeneca initiated  »

SunTrust sees oncology…

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  • 13

    Dec

SBUX

Starbucks

$66.90

0.8 (1.21%)

16:46
12/13/18
12/13
16:46
12/13/18
16:46
Hot Stocks
Breaking Hot Stocks news story on Starbucks »

Starbucks says aims to…

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  • 13

    Dec

  • 14

    Dec

BK

BNY Mellon

$48.10

0.03 (0.06%)

16:45
12/13/18
12/13
16:45
12/13/18
16:45
Syndicate
Breaking Syndicate news story on BNY Mellon »

BNY Mellon files…

03/08/13
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03/08/13
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03/06/13
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F

Ford

$8.50

-0.135 (-1.56%)

, GM

General Motors

$35.11

-0.58 (-1.63%)

16:41
12/13/18
12/13
16:41
12/13/18
16:41
Initiation
Ford, General Motors, Aptiv, BorgWarner, Dana, Lear initiated  »

Deutsche Bank initiates…

F

Ford

$8.50

-0.135 (-1.56%)

GM

General Motors

$35.11

-0.58 (-1.63%)

APTV

Aptiv

$66.69

-0.65 (-0.97%)

BWA

BorgWarner

$34.46

-0.68 (-1.94%)

DAN

Dana

$13.66

-0.01 (-0.07%)

LEA

Lear

$123.96

-1.23 (-0.98%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 13

    Dec

  • 23

    Jan

  • 25

    Apr

  • 24

    Jul

  • 23

    Oct

SEE

Sealed Air

$32.41

-1.05 (-3.14%)

16:38
12/13/18
12/13
16:38
12/13/18
16:38
Hot Stocks
Sealed Air board approves a new three-year restructuring program »

The Board of Directors of…

03/08/13
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03/06/13
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CDE

Coeur Mining

$4.06

-0.075 (-1.82%)

16:37
12/13/18
12/13
16:37
12/13/18
16:37
Hot Stocks
Coeur Mining CFO Peter Mitchell to retire, Thomas Whelan to succeed »

Coeur Mining announced…

03/08/13
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03/06/13
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