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WMT

Walmart

$95.99

-1.9 (-1.94%)

09:17
08/21/18
08/21
09:17
08/21/18
09:17

MKM Partners lowers Walmart EPS target on confirmed majority Flipkart stake

MKM Partners analyst Patrick McKeever kept his $107 price target and Neutral rating on Walmart but lowered his FY18 EPS view by 25c and FY19 EPS view by 60c to $4.75 for both years after the company announced its closed agreement to become the largest shareholder in India's Flipkart. The analyst adds that the dilution-related losses from the Flipkart deal should decline in the medium to long term while returns improve. McKeever further states that his model update reflects some adjustments made following the sale of an 80% stake in Walmart Brazil to Advent.

WMT Walmart
$95.99

-1.9 (-1.94%)

08/17/18
JPMS
08/17/18
NO CHANGE
Target $103
JPMS
Neutral
Walmart price target raised to $103 from $87 at JPMorgan
JPMorgan analyst Christopher Horves maintained a Neutral rating on Walmart but raised his price target to $103 after the company "shattered" expectations with its strong U.S. comp in over 10 years. In a research note to investors, Horvers says that several years of e-commerce initiatives are paying off, but likely at the expense of medium-term profits and that Walmart's large market share and mix in the lower-growth grocery category make the transition more difficult from a financial perspective.
08/17/18
RBCM
08/17/18
NO CHANGE
Target $102
RBCM
Sector Perform
Walmart price target raised to $102 from $90 at RBC Capital
RBC Capital analyst Scot Ciccarelli raised his price target on Walmart to $102 after its reported comps of 4.5% marked the biggest increase in 10 years. The analyst notes that while margins are declining from investments in pricing, labor, and technology - costs that will not go away soon - the spending can produce higher leverage. Ciccarelli keeps his Sector Perform rating on Walmart, saying the valuation multiple of 20-times expected EBIT seems expensive, but would look for an opportunity to become more constructive based on the company's improvements.
08/17/18
ARGS
08/17/18
NO CHANGE
Target $112
ARGS
Buy
Walmart price target raised to $112 from $100 at Argus
Argus analyst Chris Graja raised his price target on Walmart (WMT) to $112, citing the company's decade-best Q2 comps growth and a positive update on its e-commerce business, which grew by 40% in Q1. Graja also notes that online grocery sales were strong, as the department delivered its best comps growth in 9 years to retain its competitive position against Amazon's (AMZN) Whole Foods unit. The analyst keeps his Buy rating on Walmart and contends that the company is immune to the primary risk of "irrelevance" for retailers, stating that it plays an "important" role in the economy with its buying power and "logistical prowess".
08/20/18
BERN
08/20/18
NO CHANGE
BERN
Bernstein concerned about Walmart's online growth
Bernstein analyst Brandon Fletcher says that while Walmart had a great sales performance and raised guidance, he is concerned about the economics of the online growth as he believes pick from store is the least efficient method. The analyst thinks Walmart's engineering teams have come to the same conclusion, but the behavior of rolling pickup to1800 stores and 40% of U.S. geography getting grocery delivery without new supply chain assets is incongruent. Furthermore, Fletcher is "bewildered" by the curious incident of the 4.5% comp in the Walmart nighttime. While Walmart's price leadership stance is clear with softer margins, the analyst is not sensing the deep price cuts of the past.

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WOLWF

Woolworths Group

$0.00

(0.00%)

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LLESY

Lendlease Group

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EFSC

Enterprise Financial

$41.41

0.99 (2.45%)

17:56
01/21/19
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17:56
Earnings
Enterprise Financial reports Q4 EPS $1.02, consensus 95c »

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FB

Facebook

$150.01

1.77 (1.19%)

16:36
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Periodicals
Facebook planning to add 1,000 jobs in Ireland by year-end, Reuters says »

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FB

Facebook

$150.01

1.77 (1.19%)

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Facebook's WhatsApp limits users to five text forwards, Reuters reports »

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ENB

Enbridge

$36.10

0.425 (1.19%)

16:28
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Enbridge gas pipeline explosion creates fireball in Ohio, Reuters says »

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LIN

Linde plc

$160.76

3.48 (2.21%)

16:25
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16:25
Periodicals
Linde Plc to launch $6B share buyback scheme, Reuters says »

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HENKY

Henkel

$0.00

(0.00%)

16:01
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16:01
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Henkel rating change at Goldman Sachs »

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CAG

Conagra Brands

$21.58

0.34 (1.60%)

14:06
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Conagra exploring alternatives for Italian-based frozen pasta business »

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  • 22

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13:15
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General news
IMF trimmed global growth amid "no-deal" Brexit and trade war concerns »

IMF trimmed global growth…

UQM

UQM Technologies

$1.10

0.05 (4.76%)

13:05
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13:05
Hot Stocks
UQM Technologies acquired by Danfoss Power Solutions for $1.71 per share »

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SNY

Sanofi

$41.50

-0.54 (-1.28%)

12:37
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Sanofi granted U.K. marketing authorization for TIV High Dose »

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RTN

Raytheon

$165.11

2.285 (1.40%)

12:33
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Raytheon awarded $24.36M order for F/A-18 aircraft system repair »

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IBCP

Independent Bank

$22.80

-0.11 (-0.48%)

11:26
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Independent Bank boosts quarterly dividend by 20% to 18c »

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  • 29

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11:25
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General news
FX Update: The dollar majors have been directionally challenged »

FX Update: The dollar…

EDIT

Editas Medicine

$26.16

-0.01 (-0.04%)

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Editas Medicine announces publication of EDIT-101 data in Nature Medicine »

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

, GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

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France's National Data Protection Commission fines Google 50M euros »

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GOOG

Alphabet

$1,098.25

6.96 (0.64%)

GOOGL

Alphabet Class A

$1,106.92

7.52 (0.68%)

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LAD

Lithia Motors

$87.13

1.57 (1.84%)

10:25
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10:25
Conference/Events
Lithia Motors to host special shareholder meeting »

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CYDY

CytoDyn

$0.00

(0.00%)

10:25
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Conference/Events
CytoDyn participates in lunch meeting with Philadelphia Securities »

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ABT

Abbott

$71.43

0.9 (1.28%)

09:50
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Abbott announces FDA approval of TactiCath Contact Force Ablation Catheter »

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SFUN

Fang Holdings

$1.88

-0.01 (-0.53%)

09:48
01/21/19
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09:48
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Fang announces management changes, proposed China Index spin-off »

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TS

Tenaris

$24.32

0.64 (2.70%)

09:45
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Tenaris closes acquisition of 47.79% of Saudi Steel Pipe shares »

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PAAS

Pan American Silver

$14.17

-0.31 (-2.14%)

09:42
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Pan American reports 2018 silver production 24.8M ounces »

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CRWS

Crown Crafts

$5.68

(0.00%)

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Crown Crafts announces retirement of NoJo Baby & Kids CEO »

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AL

Air Lease

$37.50

0.6 (1.63%)

, BA

Boeing

$364.79

5.52 (1.54%)

09:36
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Air Lease announces lease placement of Boeing 737 MAX 9 »

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AL

Air Lease

$37.50

0.6 (1.63%)

BA

Boeing

$364.79

5.52 (1.54%)

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