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AMZN

Amazon.com

$1,885.99

-12.1 (-0.64%)

, ANF

Abercrombie & Fitch

$27.15

1.07 (4.10%)

12:49
08/11/18
08/11
12:49
08/11/18
12:49

Retail stocks remain cheap, Barron's says

After getting hit hard by the Amazon (AMZN) effect, retailers such as Abercrombie & Fitch (ANF), Urban Outfitters (URBN), and American Eagle Outfitters (AEO) have rallied, Ben Levisohn writes in this week's edition of Barron's. But valuations are still reasonable, the report adds. Reference Link

AMZN

Amazon.com

$1,885.99

-12.1 (-0.64%)

ANF

Abercrombie & Fitch

$27.15

1.07 (4.10%)

URBN

Urban Outfitters

$48.29

0.725 (1.52%)

AEO

American Eagle

$27.43

0.78 (2.93%)

  • 16

    Aug

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    Aug

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    Aug

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    Aug

  • 13

    Sep

AMZN Amazon.com
$1,885.99

-12.1 (-0.64%)

08/09/18
FBCO
08/09/18
NO CHANGE
FBCO
Outperform
After Party City deal, Credit Suisse finds Michaels selling on Amazon too
As previously reported, Credit Suisse analyst Seth Sigman reported that he has found Michael's (MIK) selling products on Amazon's (AMZN) marketplace via the company's "Darice" wholesale brand. This finding came after Party City (PRTY) disclosed earlier this morning that it would starting selling on the Amazon marketplace. Sigman thinks an Amazon partnership can help drive incremental growth for Michael's in the near-term and thinks the mix may skew to higher price points than the company's typical mix. He keeps an Outperform rating on Michael's share, which are up 4% to $21.02 in late morning trading.
08/09/18
FBCO
08/09/18
NO CHANGE
FBCO
Michaels selling on Amazon via wholesale brand, says Credit Suisse
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."
08/10/18
WEDB
08/10/18
INITIATION
Target $75
WEDB
Neutral
Kohl's initiated with a Neutral at Wedbush
Wedbush analyst Jen Redding initiated Kohl's (KSS) with a Neutral rating and $75 price target, telling investors that she views Kohl's as a compelling story and sees opportunities for improvement in categories like private label, active and women's, and says Kohl's Rewards and Amazon (AMZN) pilots as potential catalysts. Longer term, Redding favors the name and sees shares of U.S.-focused retailers like Kohl's, Dillard's (DDS), Burlington Stores (BURL) and American Eagle (AEO) as good options in a year of a strong dollar.
ANF Abercrombie & Fitch
$27.15

1.07 (4.10%)

03/08/18
BARD
03/08/18
NO CHANGE
Target $27
BARD
Neutral
Abercrombie & Fitch results suggest 'turning a corner,' says Baird
Baird analyst Mark Altschwager noted Abercrombie & Fitch reported better than expected Q4 results, suggesting the company has turned a corner. The analyst also noted its raised guidance, its expense control, and continued investments. Altschwager maintained his Neutral rating and raised his price target to $27 from $21 on Abercrombie & Fitch shares.
05/11/18
05/11/18
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. Tyson Foods (TSN) initiated with an Outperform at Bernstein. 2. Dexcom (DXCM) initiated with a Buy at BofA/Merrill. 3. Riot Blockchain (RIOT) initiated with a Buy at H.C. Wainwright. 4. American Eagle (AEO) initiated with an Outperform at Wedbush, while Abercrombie & Fitch (ANF) , Express (EXPR) initiated with a Neutral at Wedbush, and Lululemon (lulu) were initiated with a Neutral. 5. Lincoln National (LNC) reinstated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/11/18
05/11/18
INITIATION
Target $25

Neutral
Abercrombie & Fitch initiated with a Neutral rating, $25 target at Wedbush
As previously reported, Wedbush analyst Jennifer Redding started Abercrombie & Fitch with a Neutral rating and $25 price target, stating that her tracking of key e-commerce, social media, and search index metrics points to mixed results for the Abercrombie & Fitch brand and a strong showing at the Hollister brand. She thinks an inflection for the namesake brand is needed to take shares "to the next level."
05/10/18
WEDB
05/10/18
INITIATION
WEDB
Neutral
Abercrombie & Fitch initiated with a Neutral at Wedbush
URBN Urban Outfitters
$48.29

0.725 (1.52%)

07/13/18
07/13/18
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 a Buy at Stifel. 2. Oshkosh (OSK) initiated with a Buy at Longbow. 3. Domo (DOMO) was initiated with a Positive at Susquehanna and an Outperform at Oppenheimer. 4. ADMA Biologics (ADMA) initiated with an Outperform at Oppenheimer. 5. Urban Outfitters (URBN) initiated with a Neutral at Wedbush and an Outperform at Wedbush. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/13/18
WEDB
07/13/18
INITIATION
Target $50
WEDB
Neutral
Urban Outfitters a 'compelling' turnaround story, says Wedbush
Wedbush analyst Jen Redding initiated shares of Urban Outfitters with a Neutral rating and $50 price target, telling investors in a research note that she views Urban as a "compelling" turnaround story with meaningful multi-year runway ahead driven by gross margin expansion and revenue growth. Still, Redding says she is on the sidelines with a Neutral, as shares trade a distance of about 9% from the 52-week high which sits at $48.24, and holds concerns over if short-term expectations into print have run up too much at this point in the quarter.
07/13/18
WEDB
07/13/18
INITIATION
Target $50
WEDB
Neutral
Urban Outfitters initiated with a Neutral at Wedbush
07/10/18
07/10/18
DOWNGRADE

Sector Weight
Urban Outfitters downgraded to Sector Weight on risk/reward prospects at KeyBanc
As previously reported, KeyBanc analyst Edward Yruma downgraded Urban Outfitters to Sector Weight from Overweight to reflect more balanced near-term risk reward prospects. The analyst believes comp comparisons will get increasingly difficult in the 2H and earnings growth will need to be driven by gross margin expansion.
AEO American Eagle
$27.43

0.78 (2.93%)

07/25/18
JEFF
07/25/18
NO CHANGE
Target $33
JEFF
Buy
Jefferies sees Aerie hitting $2B-$3B in sales, ups American Eagle target
American Eagle's (AEO) Aerie has the potential to be a greater than $1.5B brand over the next few years and research $2B-$3B in revenue over the long term, Jefferies analyst Janine Stichter tells investors in a research note. The analyst sees Aerie reaching 30% of American Eagle revenue in the next few years and 40% longer term. This will help drive American Eagle shares higher while adding pressure to L Brands (LB), Stichter contends. She believes recent American Eagle management commentary suggests increasing confidence in the Aerie concept. The analyst raised her price target for the shares to $33 from $30 and reiterates a Buy rating on the name.
07/24/18
LOOP
07/24/18
NO CHANGE
Target $27
LOOP
Buy
American Eagle shares inexpensive at current levels, says Loop Capital
After touring the new format of the Aerie store, Loop Capital analyst Laura Champine reiterates a Buy rating on American Eagle Outfitters (AEO) with a $27 price target. The Aerie brand, which has now comped positive 20% or better for three consecutive years, seems to be continuing its momentum as it takes share from L Brands' (LB) Victoria Secret's and Pink brand, Champine tells investors in a research note. The analyst feels owning American Eagle shares this year makes sense as the company is likely to be one of the few retailers to show margin expansion and high-single digit same-store-sales growth. She believes the stock is inexpensive at current levels.
07/25/18
JEFF
07/25/18
NO CHANGE
Target $23
JEFF
Underperform
L Brands bondholders 'slowly waking up to the reality,' says Jefferies
The credit default swaps of L Brands (LB) are rising since late May as new data points "have confirmed" the company's "monopoly is under assault," Jefferies analyst Randal Konik tells investors in a research note. Bondholders are "slowly waking up to the reality" that Victoria's Secret is "broken," PINK is "breaking," and Bed Bath & Beyond is "peaking," Konik adds. He believes rising CDS and falling bond prices indicate L Brands' debt "may lose its reputation as a complacent long." The analyst continues to believe American Eagle's (AEO) Aerie's market share gains have been a key driver of PINK's deterioration. He reiterates an Underperform rating on L Brands with a $23 price target.

TODAY'S FREE FLY STORIES

BOLD

Audentes Therapeutics

$33.74

0.7 (2.12%)

20:43
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  • 12

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VNOM

Viper Energy

$38.06

-0.29 (-0.76%)

20:42
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SCPH

scPharmaceuticals

$4.94

-0.43 (-8.01%)

20:25
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  • 24

    Sep

MDT

Medtronic

$90.06

-0.54 (-0.60%)

, TJX

TJX

$101.68

1.33 (1.33%)

20:25
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Earnings
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TJX

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$101.68

1.33 (1.33%)

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$115.92

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$78.86

2.43 (3.18%)

COTY

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$12.41

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Toll Brothers

$34.72

0.33 (0.96%)

PINC

Premier

$38.35

-0.03 (-0.08%)

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  • 21

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BHP

BHP Billiton

$48.30

0.38 (0.79%)

19:33
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Breaking Hot Stocks news story on BHP Billiton »

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TGE

Tallgrass Energy

$26.23

0.63 (2.46%)

19:23
08/20/18
08/20
19:23
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19:23
Recommendations
Tallgrass Energy analyst commentary at MUFG »

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TLRY

Tilray

$35.91

5.2 (16.93%)

19:18
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Tilray Canada reaches pact with OCRC to supply cannabis brands, products »

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  • 28

    Aug

LFL

LATAM Airlines

$0.00

(0.00%)

19:10
08/20/18
08/20
19:10
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19:10
Earnings
LATAM Airlines reports Q2 operating income $6.5M vs. $48.2M last year »

Reports Q2 revenue $2.36B…

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MNOV

MediciNova

$8.99

-0.11 (-1.21%)

19:08
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MediciNova says NIH awards research griant to UCLA for MN-166 trial »

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HTZ

Hertz

$21.05

0.155 (0.74%)

, FN

Fabrinet

$44.00

0.365 (0.84%)

18:45
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$21.05

0.155 (0.74%)

FN

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$44.00

0.365 (0.84%)

WDAY

Workday

$143.17

0.52 (0.36%)

SITO

Sito Mobile

$1.99

0.05 (2.58%)

NDSN

Nordson

$134.67

-0.12 (-0.09%)

APPN

Appian

$36.23

(0.00%)

CREE

Cree

$46.42

0.99 (2.18%)

MELI

MercadoLibre

$319.70

-4.3 (-1.33%)

03/08/13
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  • 04

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IBKR

Interactive Brokers

$61.99

0.76 (1.24%)

18:43
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08/20
18:43
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18:43
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FINRA fines Interactive Brokers $5.5M for regulation SHO violations »

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MSFT

Microsoft

$106.87

-0.71 (-0.66%)

18:29
08/20/18
08/20
18:29
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LinkedIn to let economics researchers mine its data »

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  • 04

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GSB

GlobalSCAPE

$3.46

(0.00%)

18:27
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GlobalSCAPE to launch $15M modified Dutch auction tender offer »

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  • 10

    Oct

BHP

BHP Billiton

$48.30

0.38 (0.79%)

18:24
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Earnings
BHP reports FY18 underlying profit $9.6B, consensus $9.2B according to Bloomberg »

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LII

Lennox

$225.37

2.76 (1.24%)

18:19
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18:19
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Earnings
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GDI

Gardner Denver

$28.29

0.36 (1.29%)

18:10
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18:10
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Initiation
Gardner Denver initiated at Morgan Stanley »

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MMM

3M

$204.57

-0.24 (-0.12%)

18:09
08/20/18
08/20
18:09
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Initiation
3M initiated at Morgan Stanley »

3M initiated with an…

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ETN

Eaton

$81.33

0.35 (0.43%)

18:05
08/20/18
08/20
18:05
08/20/18
18:05
Initiation
Eaton initiated at Morgan Stanley »

Eaton initiated with an…

03/08/13
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03/06/13
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FLS

Flowserve

$51.51

0.16 (0.31%)

18:01
08/20/18
08/20
18:01
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18:01
Initiation
Flowserve initiated at Morgan Stanley »

Flowserve initiated with…

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ITW

Illinois Tool Works

$138.37

-1.05 (-0.75%)

17:59
08/20/18
08/20
17:59
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17:59
Initiation
Illinois Tool Works initiated at Morgan Stanley »

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CFX

Colfax

$33.28

0.62 (1.90%)

17:56
08/20/18
08/20
17:56
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17:56
Initiation
Colfax initiated at Morgan Stanley »

Colfax initiated with an…

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ALLE

Allegion

$86.97

0.26 (0.30%)

17:54
08/20/18
08/20
17:54
08/20/18
17:54
Initiation
Allegion initiated at Morgan Stanley »

Allegion initiated with…

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CGNX

Cognex

$52.42

0.02 (0.04%)

17:53
08/20/18
08/20
17:53
08/20/18
17:53
Initiation
Cognex initiated at Morgan Stanley »

Cognex initiated with an…

03/08/13
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UTX

United Technologies

$135.14

0.73 (0.54%)

17:47
08/20/18
08/20
17:47
08/20/18
17:47
Periodicals
United Technologies buys analytics firm Predikto, Dow Jones says »

United Technologies has…

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JCI

Johnson Controls

$38.73

0.48 (1.25%)

17:47
08/20/18
08/20
17:47
08/20/18
17:47
Initiation
Johnson Controls initiated at Morgan Stanley »

Johnson Controls…

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