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DG

Dollar General

$106.84

-0.32 (-0.30%)

, WMT

Walmart

$96.10

1.58 (1.67%)

07:49
08/29/18
08/29
07:49
08/29/18
07:49

Dollar General price target raised to $118 from $113 at Wells Fargo

Wells Fargo analyst Edward Kelly raised his price target for Dollar General (DG) to $118 from $113 ahead of quarterly results. The analyst notes that expectations seem high given the 23% increase in the stock since last quarter's weather-related disappointment. While Kelly expects solid results and raised his estimates accordingly, he cautions investors not get carried away as retailers with high consumable exposure like Dollar General may not see the acceleration produced by Walmart (WMT) and Target (TGT). The analyst reiterates an Outperform rating on Dollar General's shares as the demand backdrop looks supportive of strong results through a massive low-income refund cycle in early 2019.

DG

Dollar General

$106.84

-0.32 (-0.30%)

WMT

Walmart

$96.10

1.58 (1.67%)

TGT

Target

$86.68

0.08 (0.09%)

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DG Dollar General
$106.84

-0.32 (-0.30%)

07/06/18
SBSH
07/06/18
INITIATION
SBSH
Buy
Dollar General assumed with a Buy at Citi
Citi analyst Gregory Badishkanian assumed coverage of Dollar General with a Buy rating. The company has had solid execution and should continue to improve on its leading market share, Badishkanian tells investors in a research note. He believes Dollar General is best positioned within the discount/dollar store space.
08/10/18
LOOP
08/10/18
NO CHANGE
Target $120
LOOP
Buy
Dollar Tree store turnaround execution 'inconsistent', says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Buy rating and $120 price target on Dollar Tree (DLTR), saying he expects the management to create shareholder value by "fixing" the Family Dollar stores or selling the franchise. The analyst notes that his recent visits to several stores indicate an "uneven" progress in execution - most were in good condition, but some had "rampant out-of-stocks, clogged aisles, dirty floors and merchandise displays, and generally apathetic staffers". Chukumba further states that Dollar Tree's current valuation discount relative to Dollar General (DG) is unwarranted because of its "rosier long-term earnings growth prospects".
07/06/18
07/06/18
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. Tetra Technologies (TTI) initiated with a Buy at B. Riley FBR. 2. Sensus Healthcare (SRTS) initiated with a Buy at Euro Pacific. 3. Sprouts Farmers Market (SFM) assumed with a Buy at Citi. 4. Dollar General (DG) assumed with a Buy at Citi. 5. ConnectOne Bancorp (CNOB) initiated with an Equal Weight at Stephens. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/28/18
MKMP
08/28/18
NO CHANGE
Target $117
MKMP
Buy
Dollar General price target raised to $117 from $107 at MKM Partners
MKM Partners analyst Patrick McKeever raised his price target on Dollar General (DG) to $117 and kept his Buy rating as part of his broader research note on the discount retail sector. The analyst notes that he is watching the Farm Bill and its impact on food stamp assistance as it relates to the lower-income consumers, but still believes that the macro backdrop for that sector is good as evidenced by Walmart's (WMT) 4.5% Q1 comp growth. McKeever prefers Dollar General to Neutral-rated Dollar Tree (DLTR) given its "ongoing execution issues and lagging productivity". The analyst adds that he is positive on Dollar General's store economics after the company opened a record number of stores last year and grew its square footage by 9%, which is "one of the highest rates in retail".
WMT Walmart
$96.10

1.58 (1.67%)

08/27/18
MSCO
08/27/18
NO CHANGE
MSCO
Equal Weight
Walmart battle with Amazon set to escalate, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman believes Walmart's (WMT) battle with Amazon (AMZN) is about to intensify and he views its ability to counter Amazon's challenges as the key long-term debate on the stock. He believes Walmart shares are pricing in a continuation of 2-3% comps over the next few years with 40% e-commerce growth and improving e-commerce profitability, but he fears this may not be sustainable. He keeps an Equal Weight rating on Walmart shares, stating that to make him more bullish Walmart needs to show sustained top-line strength in both channels and to become more bearish he'd have to see U.S. EBIT margins contract more than he expects.
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.
08/21/18
MKMP
08/21/18
NO CHANGE
Target $107
MKMP
Neutral
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.
TGT Target
$86.68

0.08 (0.09%)

08/23/18
LEHM
08/23/18
NO CHANGE
Target $90
LEHM
Equal Weight
Target price target raised to $90 from $70 at Barclays
Barclays analyst Matthew McClintock raised his price target for Target to $90 saying that while he's not yet ready to become bullish on the story, he finds it "very difficult to ignore the exceptionally strong traffic results over the past several quarters." This may signal a "structural inflection point in the story," McClintock tells investors in a research note following Target's Q2 results. The analyst keeps an Equal Weight rating on the name.
08/23/18
08/23/18
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. ROSENBLATT BOOSTS AMD PRICE TARGET TO STREET HIGH: Rosenblatt analyst Hans Mosesmann raised his price target for AMD (AMD) shares to $30 from $27. Mosesmann's new price target represents the high among Wall Street sell-side analysts. Following the meetings, Mosesmann has renewed conviction in AMD's multi-year double digit growth profile. Further, he's impressed by the analysis investors are doing in the name after years of disregard. AMD is up 4.1% in late morning trading. CANTOR CUTS AETNA TO NEUTRAL: Cantor Fitzgerald analyst Steven Halper downgraded Aetna (AET) to Neutral from Overweight with a price target of $202. The stock now trades at just a 4.6% discount to the implied CVS Health (CVS) acquisition value of about $207 per share, Halper said. He believes the narrowed deal spread reflects an increased likelihood of regulatory approval. Halper cites limited potential upside for his downgrade of Aetna to Neutral. NIELSEN UPGRADED TO NEUTRAL AT GOLDMAN: Goldman Sachs analyst George Tong upgraded Nielsen Holdings (NLSN) to Neutral and raised his price target for the shares to $25 from $20. With activist Elliott Management pushing for a sale and increased deal activity in the Information Services sector, Tong sees increased likelihood of Nielsen being involved in a transaction. His upgrade to Neutral and price target increase come after the analyst incorporated a potential takeover into his model. Nielsen is up 3.3% in late morning trading. IMPERIAL SEES SUBSCRIBER UPSIDE FOR NETFLIX: Imperial Capital analyst David Miller believes Netflix's (NFLX) experiment with ending billing through Apple's (AAPL) app store in 33 countries outside the U.S. likely implies upside to its Q3 international subscriber guidance. The analyst said he has a tough time believing that Netflix would "experiment" with billing infrastructure mid-quarter if it did not believe that its international subscriber levels were trending ahead of guidance. As such, Miller raised his Q3 international subscriber estimate to 4.46M from 4.35M. He kept an Outperform rating on Netflix with a $494 price target. TARGET GETS UPGRADE AND DOWNGRADE: Target (TGT) was upgraded to Outperform from Market Perform at Telsey Advisory, and downgraded to Peer Perform from Outperform at Wolfe Research.
08/23/18
08/23/18
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. Target (TGT) upgraded to Outperform from Market Perform at Telsey Advisory. 2. Deckers Brands (DECK) upgraded to Neutral from Negative at Susquehanna with analyst Sam Poser saying wholesale accounts are more positive than just a few months ago following checks with both large and small retailers. 3. Nielsen (NLSN) upgraded to Neutral from Sell at Goldman Sachs with analyst George Tong saying with activist Elliott Management pushing for a sale and increased deal activity in the Information Services sector, he sees increased likelihood of Nielsen being involved in a transaction. 4. Finisar (FNSR) upgraded to Overweight from Neutral at Piper Jaffray with analyst Troy Jensen saying China demand is returning via Huawei and ZTE (ZTCOY), Finisar is facing easy comps following five quarters of depressed demand and the upcoming 400G cycle should provide a tailwind in 2019. 5. Coca-Cola Amatil (CCLAY) upgraded to Equal Weight from Underweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/23/18
WOLF
08/23/18
DOWNGRADE
WOLF
Peer Perform
Target downgraded to Peer Perform from Outperform at Wolfe Research

TODAY'S FREE FLY STORIES

MB

Mindbody

$43.85

1.4 (3.30%)

04:52
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SSTI

ShotSpotter

$62.02

-0.44 (-0.70%)

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WHITF

Whitehaven Coal

$0.00

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04:50
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WLWHY

Woolworths

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03:45
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General news
FX Action: The dollar could be in for a fall »

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KKR

KKR

$28.12

-0.13 (-0.46%)

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KKR forms management company to provide health care services in China »

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A

Agilent

$70.38

0.43 (0.61%)

21:11
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Agilent acquires ACEA Bioscience for $250M in cash »

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EQM

EQT Midstream Partners

$52.64

-2.16 (-3.94%)

20:58
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Recommendations
EQT Midstream Partners analyst commentary at MUFG »

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FPAY

FlexShopper

$1.16

-0.69 (-37.30%)

20:42
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Syndicate
FlexShopper 10M unit Secondary priced at $1.00 »

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IGC

IGC, Inc

$2.32

-0.22 (-8.66%)

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DAL

Delta Air Lines

$57.10

-0.33 (-0.57%)

20:32
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Periodicals
Breaking Periodicals news story on Delta Air Lines »

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SPY

SPDR S&P 500 ETF Trust

$290.73

-0.36 (-0.12%)

, SPX

S&P 500

$0.00

(0.00%)

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Periodicals
Trump considering keeping Deputy AG Rosenstein, WSJ says »

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SPDR S&P 500 ETF Trust

$290.73

-0.36 (-0.12%)

SPX

S&P 500

$0.00

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ARCE

Arco Platform

$0.00

(0.00%)

20:31
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Syndicate
Arco Platform 11.111M share IPO priced at $17.50 »

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KMX

CarMax

$75.87

-0.01 (-0.01%)

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AINC

Ashford

$75.95

-11.75 (-13.40%)

20:23
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Ashford 270K share Secondary priced at $74.50 »

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ANAB

AnaptysBio

$94.68

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20:21
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SF

Stifel Financial

$53.96

-0.08 (-0.15%)

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I

Intelsat

$27.08

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SKY

Skyline

$30.88

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KBH

KB Home

$25.29

-0.24 (-0.94%)

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AAR Corp.

$46.03

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Hot Stocks
Fly Intel: After Hours Movers »

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KBH

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AIR

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CGIX

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VNDA

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NLSN

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CYH

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AUPH

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GOOS

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NKE

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