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WMT

Walmart

$97.10

2.4 (2.53%)

18:14
10/09/18
10/09
18:14
10/09/18
18:14

Walmart rearranges U.S. executives in e-commerce, grocery, Bloomberg says

Walmart was rearranged the positions of certain senior managers in its U.S. business, Bloomberg reports. Kieran Shanahan was promoted to senior VP of e-commerce retail for everyday living, while Tom Ward was appointed senior VP of digital operations, according to memos obtained by Bloomberg. The company also named Andrea Albright senior VP of snacks, beverage, and impulse, the report notes. Reference Link

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WMT Walmart
$97.10

2.4 (2.53%)

10/09/18
DBAB
10/09/18
UPGRADE
Target $113
DBAB
Buy
Deutsche upgrades Walmart to Buy with investments now 'reaping returns'
Deutsche Bank analyst Paul Trussell upgraded Walmart to Buy from Hold and raised his price target for the shares to $113 from $89. The stock closed yesterday up $1.38 to $94.69. The the retailer is reaping returns on the many years of investment in e-commerce and customer service, Trussell tells investors in a research note titled "Flexing Its Muscles." The analyst believes Walmart is now in position to accelerate market share gains in grocery while also growing EBIT dollars and expanding return on investment. He believes Walmart's portfolio of assets is differentiated in the "rapidly changing" retail landscape.
10/09/18
SBSH
10/09/18
NO CHANGE
SBSH
Buy
Walmart fiscal 2020 sales guidance could top expectations, says Citi
Citi analyst Kate McShane sees more upside than downside in shares of Walmart into the company's investment community meeting. Given the earnings headwind from Flipkart, the Street is already modeling fiscal 2020 earnings dropping 1%, McShane tells investors in a research note. Given the strength of Walmart's U.S. business, its sales guidance for fiscal 2020 could be higher than the Street, the analyst adds. She thinks investors will also be looking for signs that margins could stabilize beyond fiscal 2020. McShane keeps a Buy rating on Walmart shares.
10/09/18
10/09/18
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. Walmart (WMT) upgraded to Buy from Hold at Deutsche Bank with analyst Paul Trussell saying the retailer is reaping returns on the many years of investment in e-commerce and customer service. 2. Cree (CREE) upgraded to Neutral from Underweight at JPMorgan with analyst Paul Coster saying he sees a more balanced risk/reward following the recent underperformance of the shares. 3. Amphenol (APH) upgraded to Buy from Neutral at Goldman Sachs with analyst Mark Delaney saying the company's "best in class" execution and "diverse" end markets position it well in a tougher cyclical environment. 4. Dominion (D) upgraded to Overweight from Neutral at JPMorgan with analyst Christopher Turnure saying the company is entering a period of balance sheet improvement, de-risked business mix and overall simplification, with or without the Scana (SCG) assets. 5. Baker Hughes (BHGE) upgraded to Buy from Hold at Jefferies with analyst Brad Handler saying earnings power of $4 per share next decade "seems tangible," as is free cash flow conversion of greater than 90% of estimated earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/18
10/09/18
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. WALMART UPPED TO BUY AT DEUTSCHE: Deutsche Bank analyst Paul Trussell upgraded Walmart (WMT) to Buy from Hold and raised his price target for the shares to $113 from $89. The retailer is reaping returns on the many years of investment in e-commerce and customer service, Trussell said. The analyst believes Walmart is now in position to accelerate market share gains in grocery while also growing EBIT dollars and expanding return on investment. He believes Walmart's portfolio of assets is differentiated in the "rapidly changing" retail landscape. In late morning trading, Walmart is up just over 2%. KROGER CUT TO SELL AT DEUTSCHE: Deutsche Bank analyst Paul Trussell downgraded Kroger (KR) to Sell from Hold and lowered his price target for the shares to $24 from $30. Kroger's strategy to aggressively expand e-commerce capabilities, optimize space within current footprint, and compete on price "will likely be significantly more costly than the company and consensus are currently forecasting," Trussell said. The analyst, while believing Kroger may be one of the winners in food retail over the long term, thinks the "period of rapid change" in the grocery sector will likely make it challenging for the company to grow profits "while playing from a position of weakness." JEFFERIES UPGRADES BAKER HUGHES TO BUY: Jefferies analyst Brad Handler upgraded Baker Hughes (BHGE) to Buy from Hold and raised his price target for the shares to $38 from $34. Earnings power of $4 per share next decade "seems tangible," as is free cash flow conversion of greater than 90% of estimated earnings, Handler said. Further, he thinks General Electric (GE) "fire-sale" risk is small. MACQUARIE STARTS TESLA WITH AN OUTPERFORM: Macquarie analyst Maynard Um initiated Tesla (TSLA) with an Outperform rating and $430 price target, stating that he sees the company having unique potential among carmakers to be a leader in in-vehicle ecosystem platforms. In the near-term, Um also thinks Tesla has enough levers to get over its "debt maturity hump," including cash flow from ZEV credits and Model 3 sales, access to $1.2B unused debt commitment, and the potential for credit amendments. MOFFETTNATHANSON SAYS SNAP WILL NEED TO RAISE CAPITAL: MoffettNathanson analyst Michael Nathanson said he is skeptical, despite Snap (SNAP) CEO Evan Spiegel's internal memo, that the company can hit his stated 2019 goal of achieving full year positive free cash flow and profitability. Snap "is quickly running out of money," contends Nathanson, who thinks the company will need to raise capital by the middle to end of 2019. The analyst lowered his revenue estimates for 2019 and 2020 as he anticipates slower DAU and ARPU growth ahead and maintained his Neutral rating on Snap shares, though he cut his price target to $6.50 from $8.

TODAY'S FREE FLY STORIES

RUTH

Ruth's Hospitality

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MYGN

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INTU

Intuit

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-1.06 (-0.45%)

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FAMI

Farmmi

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-0.04 (-1.29%)

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TYL

Tyler Technologies

$208.83

-4.36 (-2.05%)

07:09
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07:09
Downgrade
Tyler Technologies rating change  »

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TROX

Tronox

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(0.00%)

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LX

LexinFintech

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0.03 (0.29%)

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W

Wayfair

$117.14

-0.87 (-0.74%)

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CRM

Salesforce

$159.66

1.12 (0.71%)

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RUTH

Ruth's Hospitality

$25.01

0.35 (1.42%)

07:07
02/22/19
02/22
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07:07
Earnings
Ruth's Hospitality reports Q4 EPS ex-items 50c, consensus 49c »

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  • 22

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SRE

Sempra Energy

$117.67

0.5 (0.43%)

07:06
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Sempra Energy raises annual dividend 8.1% to $3.87 per share »

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W

Wayfair

$117.14

-0.87 (-0.74%)

07:05
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Earnings
Wayfair reports Q4 adjusted EPS ($1.12), consensus (1.28) »

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FIVE

Five Below

$129.64

-1.05 (-0.80%)

07:05
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07:05
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07:05
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Five Below rating change  »

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AN

AutoNation

$38.37

-0.76 (-1.94%)

07:04
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AutoNation reports Q4 same-store revenue $5.3B vs. $5.5B a year ago »

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SPY

SPDR S&P 500 ETF Trust

$277.43

-0.99 (-0.36%)

, SPX

S&P 500

$0.00

(0.00%)

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SPY

SPDR S&P 500 ETF Trust

$277.43

-0.99 (-0.36%)

SPX

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AN

AutoNation

$38.37

-0.76 (-1.94%)

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SBAC

SBA Communications

$182.45

-0.57 (-0.31%)

07:03
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AN

AutoNation

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EADSY

Airbus

$0.00

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Boeing

$417.48

-4.13 (-0.98%)

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BA

Boeing

$417.48

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AN

AutoNation

$38.37

-0.76 (-1.94%)

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AN

AutoNation

$38.37

-0.76 (-1.94%)

07:00
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GSK

GlaxoSmithKline

$40.57

-0.193 (-0.47%)

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  • 18

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COT

Cott Corp.

$15.58

0.02 (0.13%)

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TAHO

Tahoe Resources

$3.67

-0.12 (-3.17%)

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TSLA

Tesla

$291.18

-11.33 (-3.75%)

06:57
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