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WMT

Walmart

$98.63

8.39 (9.30%)

, COST

Costco

$223.20

1.55 (0.70%)

06:20
08/17/18
08/17
06:20
08/17/18
06:20

Walmart price target raised to $102 from $87 at Loop Capital

Loop Capital analyst Andrew Wolf raised his price target on Walmart (WMT) to $102 after its Q2 earnings beat that was driven by its best comps in 10 years, citing strong economy, improved merchandising, and growth in e-commerce. The analyst also notes that internationally, Walmart's low-return performance in Brazil was balanced by better markets in Mexico and Canada, while the company still has to demonstrate the merits of the Flipkart acquisition in India. Wolf keeps his Hold rating on Walmart, which is trading at a "slight discount" to valuations at Costco (COST) and Target (TGT).

WMT

Walmart

$98.63

8.39 (9.30%)

COST

Costco

$223.20

1.55 (0.70%)

TGT

Target

$82.07

1.38 (1.71%)

  • 22

    Aug

  • 04

    Oct

WMT Walmart
$98.63

8.39 (9.30%)

08/16/18
BARD
08/16/18
NO CHANGE
Target $110
BARD
Outperform
Walmart price target raised to $110 from $95 at Baird
Baird analyst Peter Benedict raised his price target on Walmart to $110 and kept his Outperform rating after its Q2 earnings beat driven by stronger sales and improved expense leverage. The analyst adds that the company delivered its best comp in over a decade at 4.5%, with "broad based strength" across all segments and channels. Benedict further cites momentum from ongoing in-store and online initiatives, on top of favorable weather and positive consumer backdrop, in helping Walmart become a "rare growth staple".
08/08/18
RHCO
08/08/18
DOWNGRADE
Target $12
RHCO
Hold
Hostess Brands downgraded to Hold at SunTrust on promotion headwinds
As reported earlier, SunTrust analyst William Chappell downgraded Hostess Brands to Hold from Buy and lowered his price target to $12 from $20 after a "weak" Q2 and lowered FY18 guidance. The analyst adds that the majority of the companies in his space have lowered 2018 guidance due to rising costs, but Hostess Brands' report also reduces his confidence in the company's forecasting ability and his expectations that growth can recover quickly. Chappell further cites the loss of promotional space and reduced inventory at Walmart (WMT) as a key headwind in the quarter.
08/08/18
RBCM
08/08/18
DOWNGRADE
Target $14
RBCM
Sector Perform
Hostess Brands cut to Sector Perform at RBC Capital on lower sales visibility
As reported earlier, RBC Capital analyst David Palmer downgraded Hostess Brands (TWNK) to Sector Perform from Outperform and lowered his price target to $14 from $18 after its Q2 earnings miss and reduced FY18 guidance. The analyst points to the company's lower visibility around the second-half of 2018 and 2019 organic sales and profit growth because of reduced promotional activity at Walmart (WMT), rising costs, slower category growth, and delayed Cloverhill acquisition synergies.
08/07/18
MSCO
08/07/18
NO CHANGE
Target $1325
MSCO
Overweight
Enterprise value of Alphabet's Waymo raised to $175B at Morgan Stanley
Morgan Stanley analyst Brian Nowak increased his enterprise value estimate for Alphabet's Waymo unit from $75B for ride sharing only to $175B given his analyses for two other emerging business models, namely logistics and licensing. He believes Waymo remains on track to launch an autonomous ride hailing service in Phoenix this year and believes this business could be worth about $80B over the long-term. Partnerships with Walmart (WMT), DDR (DDR) and Peterbilt speak to Waymo's logistics focus, said Nowak, who sees the company potentially having a $90B logistics business. Additionally, he sees a roughly $7B licensing opportunity, pointing to the company's FCA (FCAU) relationship as a model of how companies could pay a license fee to Waymo for its autonomous technology. Given his view of Waymo being a key part of Alphabet's long-term value, Nowak raised his sum of the parts valuation to $1,550 from $1,400. He has an Overweight rating and $1,325 price target on Alphabet shares.
COST Costco
$223.20

1.55 (0.70%)

07/25/18
GDHS
07/25/18
DOWNGRADE
Target $235
GDHS
Accumulate
Costco downgraded to Accumulate from Buy at Gordon Haskett
Gordon Haskett analyst Chuck Grom downgraded Costco to Accumulate from Buy and raised its price target to $235 from $222 citing year-to-date share strength and lack of near-term catalysts.
08/08/18
BARD
08/08/18
NO CHANGE
Target $230
BARD
Outperform
Costco fundamentals remain 'best in class', says Baird
Baird analyst Peter Benedict kept his Outperform rating and $230 price target on Costco after its July comps growth of 8.3% exceeded consensus of 7.4%. The analyst notes that while the two-year trends have shown some slight deceleration, underlying traffic trends remain solid. Benedict further states that Costco is a "durable growth staple", even though its valuation of 29-times next-twelve-month earnings is slightly above its historical 3-year average of 26.5-times.
08/09/18
LOOP
08/09/18
NO CHANGE
Target $250
LOOP
Buy
Costco price target raised to $250 from $235 at Loop Capital
Loop Capital analyst Laura Champine raised her price target on Costco to $250 and kept her Buy rating after its July comps growth of 8.3% thanks to better than expected Appliance sales. The analyst is also modeling slightly lower Selling, General, & Administrative expense rate over the longer term while raising her FY18 EPS view by 3c to $2.47. Champine further notes that the cost increase will be passed on through pricing later which could pressure margins by about 27bps in Q4, but states that Costco's history of stability is "enviable".
07/23/18
SBSH
07/23/18
NO CHANGE
Target $250
SBSH
Buy
Costco price target raised to $250 from $220 at Citi
Citi analyst Kate McShane raised her price target for Costco to $250 after rolling forward her discounted cash flow analysis on the stock. The analyst believes the company "remains a best-in-class operator with a wide competitive moat." She views the July sales report on August 8 as the next catalyst and keeps a Buy rating on Costco shares.
TGT Target
$82.07

1.38 (1.71%)

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.
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
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.
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.

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FB

Facebook

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ENB

Enbridge

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0.425 (1.19%)

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3.48 (2.21%)

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HENKY

Henkel

$0.00

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CAG

Conagra Brands

$21.58

0.34 (1.60%)

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General news
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UQM

UQM Technologies

$1.10

0.05 (4.76%)

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SNY

Sanofi

$41.50

-0.54 (-1.28%)

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RTN

Raytheon

$165.11

2.285 (1.40%)

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IBCP

Independent Bank

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-0.11 (-0.48%)

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  • 29

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EDIT

Editas Medicine

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GOOG

Alphabet

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Alphabet Class A

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CytoDyn

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ABT

Abbott

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