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BIG

Big Lots

$41.19

0.02 (0.05%)

, CHS

Chico's

$8.33

-0.015 (-0.18%)

09:33
09/25/18
09/25
09:33
09/25/18
09:33

Deutsche Bank to hold a conference

Retail 1:1 Day will be held in Boston on September 25.

BIG

Big Lots

$41.19

0.02 (0.05%)

CHS

Chico's

$8.33

-0.015 (-0.18%)

DLTR

Dollar Tree

$85.63

0.55 (0.65%)

DSW

DSW

$32.67

0.67 (2.09%)

EXPR

Express

$10.91

(0.00%)

JCP

J.C. Penney

$1.96

-0.05 (-2.49%)

JLL

Jones Lang LaSalle

$146.77

1.4 (0.96%)

ODP

Office Depot

$3.28

-0.025 (-0.76%)

ROST

Ross Stores

$97.28

-0.21 (-0.22%)

SYY

Sysco

$72.96

(0.00%)

TGT

Target

$87.24

-0.05 (-0.06%)

TLYS

Tilly's

$18.73

-0.16 (-0.85%)

ULTA

Ulta Beauty

$281.01

0.19 (0.07%)

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BIG Big Lots
$41.19

0.02 (0.05%)

07/19/18
GSCO
07/19/18
INITIATION
Target $47
GSCO
Buy
Big Lots initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Christopher Prykull initiated Big Lots with a Buy and $47 price target citing depressed valuation and improving fundamentals. Prykull comments management's brick and mortar strategy will drive accelerating same-store-sales, eCommerce efforts are beginning to show robust growth, and FY18 should be considered as an investment year.
07/19/18
GSCO
07/19/18
INITIATION
Target $47
GSCO
Buy
Big Lots initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Chris Prykull started Big Lots with a Buy rating and $47 price target. The analyst believes improving fundamentals and a favorable retail backdrop will revert the stock's valuation towards the mean.
08/27/18
LOOP
08/27/18
NO CHANGE
Target $48
LOOP
Hold
Big Lots price target raised to $48 from $40 at Loop Capital
Loop Capital analyst Anthony Chukumba raised his price target on Big Lots to $48 ahead of its Q2 earnings, citing "improved investor sentiment across the entire U.S. retailing industry". The analyst expects investor focus on fall on the company's same-store sales growth, furniture sales trends, the update on its CEO search, and discussions of its "Store of the Future" concept. Chukumba also keeps his Hold rating on Big Lots in spite of its "substantial discount" relative to its closest peers.
08/31/18
LOOP
08/31/18
NO CHANGE
Target $43
LOOP
Hold
Big Lots price target lowered to $43 from $48 at Loop Capital
Loop Capital analyst Anthony Chukumba noted that Big Lots reported its second consecutive quarter of missing its own earnings forecast and lowering its FY18 earnings guidance, by which he was disappointed, especially in light of the robust results recently reported by a number of other retailers. He lowered his price target to $43 from $48 and keeps a Hold rating on Big Lots shares.
CHS Chico's
$8.33

-0.015 (-0.18%)

10/11/17
10/11/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Schlumberger (SLB) downgraded to Market Perform from Outperform at BMO Capital with analyst Daniel Boyd saying he sees risk to 2018 estimates and limited room for multiple expansion. 2. Sony (SNE) downgraded to Equal Weight from Overweight at Morgan Stanley 3. Chico's (CHS) downgraded to Underperform from Neutral at BofA/Merrill with analyst Lorraine Hutchinson saying the premium multiple is unwarranted. 4. Robert Half (RHI) downgraded to Hold from Buy at SunTrust with analyst Tobey Sommer citing the recent underperformance relative to the U.S. staffing market and moderating growth of accounting jobs. 5. Coach (COH) downgraded to Neutral from Outperform at Consumer Edge. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/16/17
SBSH
10/16/17
DOWNGRADE
Target $8
SBSH
Neutral
Chico's downgraded to Neutral from Buy at Citi
Citi analyst Paul Lejuez downgraded Chico's FAS (CHS) to Neutral and cut his price target for the shares to $8 from $10. The first half of 2017 has been a "big disappointment" with "no turnaround in sight," Lejuez tells investors in a research note. He believes the "sudden sales slowdown" at competitor J.Jill (JILL) "casts a darker cloud on the women's segment as a whole."
05/31/18
RHCO
05/31/18
NO CHANGE
Target $10
RHCO
Buy
Chico's price target lowered to $10 from $14 at SunTrust
SunTrust analyst Pamela Quintiliano lowered her price target on Chico's FAS shares to $10 from $14 following the company's Q1 report, which she said "took a few steps back" from the better-than-expected Q4. In a research note to investors, the analyst, who has a Buy rating on shares, said traffic was the primary negative factor in Q1, adding that delayed shipments and lack of newness "were also issues."
05/21/18
RHCO
05/21/18
NO CHANGE
Target $114
RHCO
Buy
Lululemon price target raised to $114 from $95 at SunTrust
SunTrust analyst Pamela Quintilliano raised her price target on Lululemon (LULU) to $114 and kept her Buy rating as part of her broader research note on Specialty Retail sector. The analyst notes that the adverse weather factors are being overlooked by investors in this market-outperforming space as macro trends appear to be benefiting the consumer. For Lululemon, Quintilliano notes that its inventory to sales ratio at the end of Q4 was among the lowest in the peer group, and that despite the stock's valuation premium of 31.7-times forward PE vs. 25-times historic average, she expects the momentum in the sales of the company's products to benefit its shares. The analyst also favors Buy-rated Chico's FAS (CHS) on its cost-cutting initiatives and operating efficiencies, as well as Urban Outfitters (URBN) based on its "impressive intra-quarter trends" and well controlled promotions. Quintilliano raises her price target on the latter to $47 from $42.
DLTR Dollar Tree
$85.63

0.55 (0.65%)

09/25/18
BUCK
09/25/18
DOWNGRADE
BUCK
Neutral
Dollar Tree downgraded to Neutral from Buy at Buckingham
09/04/18
09/04/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Neutral from Buy at MoffettNathanson with analyst Michael Nathanson saying he believes the shift in engagement and monetization from News Feed to Stories will be a headwind to revenue growth. 2. Verizon (VZ) downgraded to Equal Weight from Overweight at Barclays and to Neutral from Buy at MoffettNathanson. 3. Dollar Tree (DLTR) downgraded to Outperform from Top Pick at RBC Capital with analyst Scot Ciccarelli citing continued struggles at its Family Dollar business of 3 consecutive quarters of disappointing results, weighing on the company's profitability. 4. Seagate (STX) downgraded to Underperform from In Line at Evercore ISI with analyst C.J. Muse citing peaking margins and HDD secular headwinds. 5. Signet Jewelers (SIG) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez saying while the company's Q2 sales were better than expected with overall comps of up 1.7%, the underlying fundamentals do not suggest that business is healthy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/04/18
RBCM
09/04/18
DOWNGRADE
Target $96
RBCM
Outperform
Dollar Tree downgraded to Outperform at RBC Capital on Family Dollar 'struggles'
As reported earlier, RBC Capital analyst Scot Ciccarelli downgraded Dollar Tree to Outperform from Top Pick with a price target of $96. The analyst is citing continued struggles at its Family Dollar business of 3 consecutive quarters of disappointing results, weighing on the company's profitability. Ciccarelli adds however that the unit's issues are "execution-related" and not a structural impairment or a "flawed concept", adding that the market is also assigning zero value to the business. With the stock trading "near realistic downside levels", the analyst believes that Dollar Tree's upside potential is "highly compelling".
09/25/18
09/25/18
DOWNGRADE
Target $112

Neutral
Dollar Tree assumed with Neutral from Buy at Buckingham
As previously reported, Buckingham analyst Bob Summers assumed coverage of Dollar Tree with a Neutral rating and $92 price target, down from the firm's prior Buy rating and $112 price target. He cites recent operating underperformance and the prospect that near-term challenges in the Family Dollar business will negate the strength of the Dollar Tree brand.
DSW DSW
$32.67

0.67 (2.09%)

08/29/18
MKMP
08/29/18
NO CHANGE
Target $33
MKMP
Neutral
DSW price target raised to $33 from $26 at MKM Partners
MKM Partners analyst Patrick McKeever raised his price target on DSW to $33 after its "robust" Q2 results that showed 9.7% comp growth, "a sharp acceleration from 2.2% in Q1", and an EPS beat driven by "strong merchandise margins" in spite of the company's loyalty program launch that includes a free shipping incentive. The analyst adds that he is also now less worries about DSW's Canada business. McKeever keeps his Neutral rating on DSW however, pointing to expectations of a "significant moderation" in comps for the second half of 2018.
08/29/18
NEED
08/29/18
NO CHANGE
Target $35
NEED
Buy
DSW price target raised to $35 from $29 at Needham
Needham analyst Rick Patel raised his price target on DSW to $35 and kept his Buy rating after its Q2 earnings beat, saying he expects the positive momentum to continue in the second half of the year. The analyst cites the expected benefits from the company's "investments in the right products", marketing efforts such as its new Rewards VIP program and a 52% increase in its digital demand. Patel also notes the accretion of DSW's acquisition in Canada and the rollout of kids' product to all of its stores, adding that the company's guidance for decelerating comps is "conservative".
08/29/18
WEDB
08/29/18
NO CHANGE
Target $29
WEDB
Neutral
DSW price target raised to $29 from $24 at Wedbush
Wedbush analyst Christopher Svezia raised his price target for DSW to $29 from $24 after the company posted a "stellar" Q2. Yet after raising the FY18 outlook, it remains uncertain what degree of business outperformance will be required to drive the stock higher, he adds. The analyst reiterates a Neutral rating on the shares.
08/29/18
WELS
08/29/18
NO CHANGE
Target $31
WELS
Market Perform
DSW price target raised to $31 from $22 at Wells Fargo
Wells Fargo analyst Tom Nikic raised his price target for DSW to $31 from $22 as the company hurdles the high bar and posts "impressive" beat and raise, and given accretive Canada Deal. The analyst reiterates a Market Perform rating on the shares.
EXPR Express
$10.91

(0.00%)

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
WEDB
05/11/18
INITIATION
Target $9
WEDB
Neutral
Express initiated with a Neutral on Q1 data at Wedbush
Wedbush analyst Jennifer Redding initiated Express with a Neutral and $9 price target. Redding said the promotional environment picked up in Q1 with increases in markdowns, indicating potential pressure to merchandise margins. The analyst said total company Average Price declined by 34% year-over-year, suggesting further AUR weakness.
05/10/18
WEDB
05/10/18
INITIATION
WEDB
Neutral
Express initiated with a Neutral at Wedbush
Wedbush analyst Jennifer Redding initiated Express with a Neutral and $9 price target.
05/31/18
05/31/18
NO CHANGE

Express sees Q2 EPS (2c)-2c, consensus 0c
Sees Q2 comparable revenue (-1%)-1%, consensus $477.29M, compared to a 10% decrease in 1Q17. .
JCP J.C. Penney
$1.96

-0.05 (-2.49%)

08/16/18
BOFA
08/16/18
DOWNGRADE
BOFA
Underperform
J.C. Penney downgraded to Underperform from Neutral at BofA/Merrill
08/17/18
SBSH
08/17/18
NO CHANGE
Target $0.5
SBSH
Sell
J.C. Penney price target lowered to 50c from $2 at Citi
Citi analyst Paul Lejuez said that J.C. Penney " finds itself in a very difficult position" following its Q2 report given that they lack a CEO and head merchant and are struggling at a time when peers are seeing improvement in their business. While he does not see near-term liquidity issues, Lejuez said there is not that much equity value given the company's high debt load. He lowered his price target on J.C. Penney shares to 50c from $2 and keeps a Sell rating on the stock.
08/16/18
FBCO
08/16/18
NO CHANGE
Target $1
FBCO
J.C. Penney price target cut to $1 from $2 at Credit Suisse
08/16/18
JPMS
08/16/18
DOWNGRADE
JPMS
Underweight
J.C. Penney downgraded to Underweight from Neutral at JPMorgan
JLL Jones Lang LaSalle
$146.77

1.4 (0.96%)

05/16/18
LEHM
05/16/18
NO CHANGE
Target $184
LEHM
Overweight
Jones Lang LaSalle target raised to $184 after management meetings at Barclays
After hosting management for investor meetings, Barclays analyst Ross Smotrich raised his price target for Jones Lang LaSalle to $184 from $179 and reiterates an Overweight rating on the shares. The analyst believes that the company should continue to benefit from its global scale, an "ever-expanding" suite of services and a growing proportion of recurring/non-transactional revenue. He sees "ample revenue opportunity" for Jones Lang LaSalle with existing clients.
08/27/18
MSCO
08/27/18
INITIATION
Target $21
MSCO
Overweight
Cushman & Wakefield initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Vikram Malhotra started Cushman & Wakefield (CWK) with an Overweight rating and $21 price target, stating that he believes the company's size and global scale positions it well to compete with peers Jones Lang LaSalle (JLL) and CBRE Group (CBRE). Cushman is well positioned to gain share and has several levers to drive margin growth, Malhotra tells investors in his initiation note.
08/27/18
LEHM
08/27/18
INITIATION
Target $21
LEHM
Overweight
Barclays starts Cushman & Wakefield with Overweight, $21 target
Barclays analyst Ross Smotrich initiated coverage of Cushman & Wakefield (CWK) with an Overweight rating and $21 price target. The analyst believes the company will be able to pivot from platform integration to competing effectively with CBRE Group (CBRE) and Jones Lang LaSalle (JLL). The analyst views Cushman's valuation as compelling but points out that execution is key to the stock re-rating higher.
08/08/18
KBWI
08/08/18
NO CHANGE
KBWI
Market Perform
Jones Lang LaSalle selloff today likely overdone, says Keefe Bruyette
Keefe Bruyette analyst Jade Rahmani is surprised by today's post-earnings selloff in shares of Jones Lang LaSalle. The company's Q2 results outperformed expectations across businesses, with the exception of capital markets, Rahmani tells investors in a post-earnings research note. She believes the pullback today is likely overdone but keeps a Market Perform rating on Jones Lang LaSalle with a $165 price target.
ODP Office Depot
$3.28

-0.025 (-0.76%)

10/30/17
JPMS
10/30/17
DOWNGRADE
JPMS
Underweight
Office Depot downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Christopher Horvers downgraded Office Depot (ODP) to Underweight saying the company's sales remain under pressure despite low unemployment and a "solid" economy. Share loss and structural headwinds will only accelerate in the next downturn, Horvers tells investors in a research note. The analyst sees Office Depot as "fighting from behind" against Amazon.com (AMZN) and views the CompuCom acquisition as a "marriage of needs." Horvers does not have a price target for Office Depot shares.
ROST Ross Stores
$97.28

-0.21 (-0.22%)

09/03/18
GSCO
09/03/18
INITIATION
Target $104
GSCO
Neutral
Ross Stores initiated with a Neutral at Goldman Sachs
Goldman Sachs started Ross Stores with a Neutral rating and $104 price target. The firm initiated the Apparel & Accessories space with an Attractive view on department stores and off-price retailers.
09/04/18
GSCO
09/04/18
INITIATION
Target $73
GSCO
Conviction Buy
Goldman starts Nordstrom with Conviction Buy, Macy's with Sell
Goldman Sachs analyst Alexandra Walvis initiated coverage of the Apparel & Accessories Retail sector with an Attractive coverage view. The analyst sees an "ongoing role for select best-in-class brick and mortar retailers" and feels "underappreciated business models" offer upside in select stocks. Walvis initiated coverage of Nordstrom (JWN) with a Buy rating and $73 price target and added the shares to her firm's Conviction List. The company offers a "full price business with a strong omnichannel offer and premium curated product," the analyst tells investors in a research note. On the other side, Walvis started Macy's (M) with a Sell rating and $33 price target. The company's strategic initiatives are insufficient to offset traffic headwinds for its portfolio of large, mall-based stores, Walvis contends. The analyst also put Buy ratings on Kohl's (KSS) and TJX (TJX), and Neutral ratings on Burlington Stores (BURL) and Ross Stores (ROST).
09/11/18
LEHM
09/11/18
INITIATION
Target $194
LEHM
Overweight
Barclays views Burlington Stores as differentiated, starts with Overweight
Barclays analyst Chethan Mallela initiated coverage of Burlington Stores (BURL) with an Overweight rating and $194 price target. He also started both Ross Stores (ROST) and TJX (TJX) with Equal Weight ratings. Burlington is differentiated in the off-price subsector given its "less productive and established" store footprint, and significantly lower operating margins versus the peer group, Mallela tells investors in a research note. As Burlington "continues to address these disparities," the analyst expects faster and more visible top- and bottom-line growth.
09/11/18
LEHM
09/11/18
INITIATION
Target $106
LEHM
Equal Weight
Ross Stores initiated with an Equal Weight at Barclays
Barclays analyst Chethan Mallela started Ross Stores with an Equal Weight rating and $106 price target. The company has a "solid revenue growth runway," but the magnitude of earnings flow-through is less clear, Mallela tells investors in a research note. The analyst needs better visibility to margin stabilization and expansion before getting more constructive on the shares.
SYY Sysco
$72.96

(0.00%)

08/14/18
BMOC
08/14/18
NO CHANGE
Target $81
BMOC
Outperform
Sysco price target raised to $81 from $74 at BMO Capital
BMO Capital analyst Kelly Bania raised her price target on Sysco to $81 and kept her Outperform rating after its better than expected Q4 earnings. The analyst says the results suggest that the "independent restaurant segment remain healthy" and the company's execution remains strong relative to peers, with rising freight and fuel costs being managed successfully. Bania adds that Sysco's international expansion remains in its "investment phase", anticipating the company to achieve its 3-year operating income growth target.
08/10/18
PIVT
08/10/18
DOWNGRADE
Target $58
PIVT
Sell
Sysco downgraded to Sell from Hold at Pivotal Research
Pivotal Research analyst Ajay Jain downgraded Sysco to Sell from Hold ahead of the company's Q4 earnings report scheduled for Monday, as he believes the move up in the stock over the past three months is inconsistent with growing industry headwinds as well as Sysco's company-specific issues. Jain maintains a $58 price target on Sysco shares.
08/10/18
08/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Sell from Neutral at Goldman Sachs with analyst Toshiya Hari saying Intel's struggles with 10nm process technology makes the analyst incrementally more negative on the company's competitive positioning and margin outlook. 2. Booking Holdings (BKNG) downgraded to Neutral from Buy at Citi and UBS as well as Neutral from Overweight at JPMorgan. 3. Sysco (SYY) downgraded to Sell from Hold at Pivotal Research with analyst Ajay Jain saying he believes the move up in the stock over the past three months is inconsistent with growing industry headwinds as well as Sysco's company-specific issues. 4. Campbell Soup (CPB) downgraded to Underweight from Neutral at JPMorgan with analyst Ken Goldman saying he agrees with activist Third Point that Campbell's best option is to sell the company; however, he sees a sale as an unlikely outcome. 5. Redfin (RDFN) downgraded to Neutral from Buy at DA Davidson with analyst Tom White citing its Q2 results and below-consensus Q3 guidance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/14/18
LOOP
08/14/18
NO CHANGE
Target $80
LOOP
Buy
Sysco price target raised to $80 from $70 at Loop Capital
Loop Capital analyst Andrew Wolf raised his price target on Systo $80 and kept his Buy rating after its Q4 results showed "solid momentum", adding that its growth target look "very achievable". The analyst cites a U.S. total case growth of 5.3% and also estimates the "real internal sales growth" at 3.9% - the best rate of growth in "nearly 8 years". Wolf believes that Sysco's momentum is sustainable in the intermediate term as the company offers "reliable defensive growth and increasing returns on capital", which is "rare" in the large-cap staples group.
TGT Target
$87.24

-0.05 (-0.06%)

09/18/18
09/18/18
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. Walmart (WMT) initiated with an Outperform at BMO Capital while Target (TGT) was initiated with a Market Perform. 2. Apache (APA) initiated with an Overweight at Stephens. 3. Supernus (SUPN) initiated with a Buy at Mizuho. 4. Transocean (RIG) initiated with a Buy at BTIG. 5. Noble initiated with a Neutral at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/17/18
BMOC
09/17/18
INITIATION
BMOC
Market Perform
Target initiated with a Market Perform at BMO Capital
08/29/18
WELS
08/29/18
NO CHANGE
Target $118
WELS
Outperform
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.
09/18/18
BMOC
09/18/18
INITIATION
Target $88
BMOC
Market Perform
Target initiated with a Market Perform at BMO Capital
As reported earlier, BMO Capital analyst Kelly Bania initiated Target with a Market Perform rating and a price target of $88. The analyst cites her expectations of a flat EBIT margin pressured by the "digital fulfillment cost headwinds and wage costs" that may outweigh the company's improvements in its supply chain. Bania adds that Target valuation of 15-16-times forward earnings - slightly above historical average of 14-times - may be pressured as a result relative to its discrount store peers.
TLYS Tilly's
$18.73

-0.16 (-0.85%)

09/04/18
PIVT
09/04/18
DOWNGRADE
Target $22
PIVT
Hold
Tilly's downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Mitch Kummetz downgraded Tilly's to Hold while raising his price target for the shares to $22 from $21. The analyst cites valuation for the downgrade, saying the risk/reward no longer looks favorable at current levels. Shares of Tilly's appear fully valued on current estimates, Kummetz tells investors in a research note.
08/30/18
08/30/18
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. Tilly's (TLYS) upgraded to Outperform from Market Perform at William Blair with analyst Sharon Zackfia citing improved comp momentum, easing upcoming comparisons against e-commerce issues in the fourth and first quarters, and increased conviction in the company's potential to grow the unit base from 226 sites today. 2. Arlo Technologies (ARLO) upgraded to Buy from Neutral at Guggenheim with analyst Robert Cihra saying the recent pullback in shares offers a compelling buying opportunity and has a meaningful runway to keep growing. 3. Altra Industrial Motion (AIMC) upgraded to Buy from Neutral at Sidoti and to Overweight from Sector Weight at KeyBanc. 4. Genesco (GCO) upgraded to Buy from Hold at Pivotal Research with analyst Mitch Kummetz saying the stock's risk/reward looks more favorable following the company's "strong" Q2 results and the continuation of favorable back-to-school trends into Q3. 5. HD Supply (HDS) upgraded to Buy from Neutral at Northcoast. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage,
08/30/18
WBLR
08/30/18
UPGRADE
WBLR
Outperform
William Blair upgrades Tilly's to Outperform on improved comp momentum
William Blair analyst Sharon Zackfia upgraded Tilly's to Outperform from Market Perform citing improved comp momentum, easing upcoming comparisons against e-commerce issues in the fourth and first quarters, and increased conviction in the company's potential to grow the unit base from 226 sites today. Following the company's Q2 results, the analyst raised her 2019 earnings estimate by 27% to a Street-high $1.14. The stock offers an attractive valuation, "particularly given the scarcity of relatively open-ended growth ideas in retail," Zackfia tells investors in a research note. Tilly's in premarket trading is up over 15%, or $2.80, to $20.80.
08/30/18
ROTH
08/30/18
NO CHANGE
Target $22
ROTH
Buy
Tilly's price target raised to $22 from $17 at Roth Capital
Roth Capital analyst Dave King raised his price target for Tilly's to $22 from $17 after Q2 results beat estimates on strong comps and lower than expected expenses, while guidance exceeded expectations on strong Back to School performance. The analyst reiterates a Buy rating on the shares, which reflects Tilly's attractive relative valuation, high concentration of proprietary private label products, limited fashion risk, small relative store footprint, continued tailwinds from recent merchandising improvement initiatives, and the potential for rent relief and further capital return.
ULTA Ulta Beauty
$281.01

0.19 (0.07%)

09/07/18
UBSW
09/07/18
NO CHANGE
Target $315
UBSW
Buy
Ulta Beauty price target raised to $315 from $285 at UBS
UBS analyst Michael Goldsmith raised his price target on Ulta Beauty to $315 from $285 as he believes the company will benefit in a number of ways by carrying Kylie Cosmetics and Kiehl's. The analyst said despite the new top-line drivers, consensus estimates for same-store sales have not moved up. As a result, he sees more upside as the contributions from these new products are realized. Goldsmith reiterated his Buy rating on Ulta Beauty shares.
08/31/18
OPCO
08/31/18
NO CHANGE
Target $280
OPCO
Outperform
Ulta Beauty earnings selloff a buying opportunity, says Oppenheimer
Oppenheimer analyst Rupesh Parikh says that while Ulta Beauty's Q2 results were mixed, management's conference call commentary on beauty innovation was "very bullish." On the positive side, Ulta delivered upside to earnings targets against a more difficult color cosmetic backdrop and gained significant share across categories, Parikh tells investors in a post-earnings research note. On the negative side, its comps fell short of Street expectations, the analyst adds. He believes, however that outlook for Ulta Beauty shares "could brighten from here as innovation accelerates in the back half of the year." Parikh recommends using today's pullback as a buying opportunity. He sees a "very attractive" second half of the year setup and keeps an Outperform rating on the name with a $280 price target.
09/13/18
LOOP
09/13/18
NO CHANGE
Target $280
LOOP
Hold
Ulta Beauty price target raised to $280 from $250 at Loop Capital
Loop Capital analyst Anthony Chukumba raised his price target on Ulta Beauty to $280 after his study findings revealed that the company's pricing gap relative to other retailers has narrowed while its discounting has remained "non-existent". Given Ulta Beauty's "wider assortment" than the competition and a "robust" customer loyalty program, he sees these trends as positive for the stock. The analyst keeps his Hold rating on Ulta Beauty however, saying that its discount valuation is still appropriate given the "slowing comparable sales and square footage growth".
09/10/18
OPCO
09/10/18
NO CHANGE
Target $340
OPCO
Outperform
Ulta Beauty price target raised to $340 from $280 at Oppenheimer
Oppenheimer analyst Rupesh Parikh raised his price target for Ulta Beauty to $340 from $280 as he now believes phase one of the rally is complete with shares reflecting the bottoming out of comp trends and baking in earnings accretion related to tax reform. The analyst sees an attractive phase two driven by the potential for comps to reaccelerate to 7%-8% and prospects for a beat-and-raise story from here. Parikh reiterates an Outperform rating on the stock, and says it remains his top beauty pick and one of his favorite names into year-end.

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American Airlines

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360 Finance

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