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TGT

Target

$81.43

-0.64 (-0.78%)

07:17
08/14/18
08/14
07:17
08/14/18
07:17

Target, Shipt announce same-day delivery from Target to Portland

Shipt and Target announced they will begin same-day delivery of more than 55,000 groceries, essentials, home, electronics, toys and other products from Target to Portland, Maine residents beginning August 21. This launch marks the first time Shipt will be available to Maine residents, giving more than 130,000 households across the state access to products delivered by Shipt in as little as one hour. New Portland-area Shipt members who sign up before Aug. 21 will receive an annual membership for $49. Through this partnership, Target plans to offer same-day delivery of the in-store assortment of groceries, essentials, home, electronics, toys and other products from the majority of its stores by the holiday season. By the end of the year, the service will be available to 65 % of U.S. households across 180 markets, reaching a total of 80M households, and in 2019, same-day delivery will expand to include all major product categories at Target.

TGT Target
$81.43

-0.64 (-0.78%)

07/25/18
GDHS
07/25/18
UPGRADE
Target $86
GDHS
Accumulate
Target upgraded to Accumulate from Hold at Gordon Haskett
Gordon Haskett analyst Chuck Grom upgraded Target to Accumulate from Hold and raised its price target to $86 from 74 to reflect the recent acceleration in traffic. Grom said geolocation data and proprietary card data support his Q2 4.5% comp.
07/25/18
07/25/18
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. Snap (SNAP) upgraded to Mixed from Negative at Vertical Group with analyst Phil Leggiere citing expectations for strong 2H 2018 spending. 2. Keurig Dr Pepper (KDP) upgraded to Positive from Neutral at Susquehanna. 3. Lockheed Martin (LMT) upgraded to Outperform from Market Perform at Cowen with analyst Cai von Rumohr citing its enhanced visibility to roughly 10% growth through 2021, above average cash flow, dividend yield, and attractive risk/reward. 4. Hawaiian Holdings (HA) upgraded to Buy from Hold at Deutsche Bank with analyst Michael Linenberg saying he views last night's quarter as strong and sees an improving CASM trend. 5. Target (TGT) upgraded to Accumulate from Hold at Gordon Haskett with analyst Chuck Grom saying geolocation data and proprietary card data support his Q2 4.5% comp. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/25/18
07/25/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. VERTICAL GROUP RAISES SNAP RATING: Vertical Group analyst Phil Leggiere upgraded Snap (SNAP) to Mixed from Negative citing expectations for strong second half 2018 spending. Snap is higher by over 1% in late morning trading. PIVOTAL CUTS SPOTIFY TO HOLD: Pivotal Research analyst Jeffrey Wlodarczak downgraded Spotify (SPOT) to Hold from Buy with an unchanged price target of $200. The analyst cited valuation for the downgrade, given the "material rise" in the shares since his initiation report on May 29. Further, he increasingly views consensus 2018 premium monthly active user growth expectations as too aggressive. He lowered his Q2 premium subscriber MAU estimate from 6M to 5.5M, versus the consensus at 7M. Spotify's current valuation is fair and does not leave a lot of room for "operational/market hiccups," Wlodarczak told investors. DEUTSCHE SEES AMERITRADE/E-TRADE MERGER MAKING SENSE: Deutsche Bank analyst Brian Bedell continues to see a merger between TD Ameritrade (AMTD) and E-Trade (ETFC) as making strategic and financial sense. With TD Ameritrade's integration of recently acquired Scottrade progressing better than expectations, a merger scenario with E-Trade is "becoming more compelling," Bedell told investors. He updated his merger scenario model, raising his hypothetical merger scenario value of E-Trade from TD Ameritrade's perspective to $77 from $72, nearly a 30% premium to the current share price. Bedell raised his price target for TD Ameritrade to $77 from $72 and for E-Trade to $72 from $70. He kept Buy ratings on both stocks. GORDON HASKETT UPGRADES TARGET, DOWNGRADES WALMART: Gordon Haskett analyst Chuck Grom upgraded Target (TGT) to Accumulate from Hold and raised his price target on shares to $86 from 74 to reflect the recent acceleration in traffic. Grom said geolocation data and proprietary card data support his Q2 4.5% comp growth estimate. Grom also downgraded Walmart (WMT) to Hold from Accumulate and lowered its price target to $92 from $98. Grom thinks there are few near-term catalysts on the horizon and said the margin outlook is not as transparent following a period of improvement and stabilization. He expects Walmart shares to be range bound for the balance of the year.
08/08/18
BARD
08/08/18
NO CHANGE
Target $90
BARD
Outperform
Target can sustain sales growth momentum, says Baird
Baird analyst Peter Benedict kept his Outperform rating and $90 price target on Target ahead of its earnings on August 22nd, saying he expects continued traction from its initiatives, "onset of seasonal sales", and a favorable calendar shift. The analyst also expects margin pressure to moderate, adding that the company can "bend" consensus expectations of needing margin investment to sustain comps with some potential catalysts. Specifically, Benedict expects some benefits coming from the demise of Toys R Us as well as the benefits of remodel activity and upgrades of its fulfillment options.

TODAY'S FREE FLY STORIES

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General news
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SKY

Skyline

$28.20

-2.405 (-7.86%)

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SSW

Seaspan

$8.05

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THO

Thor Industries

$92.17

-13.55 (-12.82%)

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MTL

Mechel

$3.29

0.335 (11.34%)

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NEW

Puxin Limited

$8.51

0.94 (12.42%)

12:00
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Hot Stocks
Puxin Limited rises 13.2% »

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MNST

Monster Beverage

$60.26

0.95 (1.60%)

12:00
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Options
Monster Beverage option volume is 3X daily average and calls lead puts 10:1 »

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COE

China Online Education

$7.00

(0.00%)

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China Online Education rises 15.9% »

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IPOA

Social Capital

$9.88

-0.05 (-0.50%)

11:55
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Social Capital's Palihapitiya says no longer accepting new outside capital »

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11:55
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Conference/Events
William Blair business services analyst holds group luncheon »

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Stephens specialty finance analyst to hold a group luncheon »

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MGTI

MGT Capital Investments

$0.00

(0.00%)

11:52
09/20/18
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11:52
Hot Stocks
MGT Capital Investments announces partnership with MMH Blockchain »

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AXTA

Axalta Coating

$30.16

0.23 (0.77%)

11:50
09/20/18
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11:50
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11:50
Options
Axalta Coating Systems attracts bullish option spreads »

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EAF

GrafTech

$20.10

1.015 (5.32%)

11:49
09/20/18
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11:49
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Recommendations
GrafTech analyst commentary  »

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TNDM

TNDM

11:45
09/20/18
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Options
Tandem Diabetes call volume above normal and directionally bullish »

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BYSI

BeyondSpring

$25.55

(0.00%)

11:44
09/20/18
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Conference/Events
BeyondSpring management to meet with RBC Capital »

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  • 20

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Conference/Events
RBC Capital healthcare tech analyst to hold analyst/industry conference call »

Healthcare Technology…

EB

Eventbrite

$0.00

(0.00%)

11:36
09/20/18
09/20
11:36
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11:36
Syndicate
Breaking Syndicate news story on Eventbrite »

Eventbrite opens at…

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  • 20

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DNR

Denbury Resources

$5.49

-0.095 (-1.70%)

11:35
09/20/18
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Options
Denbury Resources put volume heavy and directionally bearish »

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  • 24

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ELAN

Elanco

$0.00

(0.00%)

, LLY

Eli Lilly

$105.79

0.03 (0.03%)

11:28
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Syndicate
Elanco opens at $32.25, IPO priced at $24.00 per share »

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ELAN

Elanco

$0.00

(0.00%)

LLY

Eli Lilly

$105.79

0.03 (0.03%)

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ELAN

Elanco

$0.00

(0.00%)

, LLY

Eli Lilly

$105.64

-0.12 (-0.11%)

11:25
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Syndicate
Breaking Syndicate news story on Elanco, Eli Lilly »

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ELAN

Elanco

$0.00

(0.00%)

LLY

Eli Lilly

$105.64

-0.12 (-0.11%)

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RF

Regions Financial

$19.41

0.25 (1.30%)

11:25
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Options
Regions Financial call volume above normal and directionally bullish »

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CHTR

Charter

$331.64

1.88 (0.57%)

11:25
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Conference/Events
FBN Securities media analyst to hold a group luncheon »

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ACHV

Achieve Life Sciences

$2.53

0.05 (2.02%)

11:25
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Conference/Events
Achieve Life Sciences to host special shareholder meeting »

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Conference/Events
William Blair insurance analyst to hold a luncheon meeting »

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