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WMT

Walmart

$95.10

1.18 (1.26%)

16:06
10/12/18
10/12
16:06
10/12/18
16:06

Walmart acquires Bare Necessities, terms not disclosed

Walmart announced the acquisition of Bare Necessities, an intimates online retailer, who will join the Walmart U.S. eCommerce portfolio. Bare Necessities was founded in 1998 and offers more than 100,000 SKUs from more than 160 brands, including an extensive assortment of bras, swimwear, shapewear and sleepwear. Intimates, a category that has been aggressively growing online, has complex sizing and highly specialized products. Bare Necessities will bring deep category expertise, a content offering designed to educate intimates shoppers, as well as strong brand relationships and operational capabilities. Bare Necessities will continue to operate its site as it has and will run as a standalone and complementary brand to our other eCommerce sites. Over time, for those brands that would like to serve additional customers, we will work to integrate the Bare Necessities' assortment onto Walmart.com and Jet.com. As part of the acquisition, Noah Wrubel, CEO and co-founder of Bare Necessities, will lead the intimates category for both Walmart.com and Jet.com, while also continuing to run Bare Necessities.

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WMT Walmart
$95.10

1.18 (1.26%)

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.
10/11/18
BARD
10/11/18
NO CHANGE
Target $110
BARD
Outperform
Baird sees good prospects for sustained comp momentum for Walmart
Baird analyst Peter Benedict kept his Outperform rating and $110 price target on Walmart ahead of its annual investor meeting next week. The analyst sees "good" prospects for sustained momentum in the company's U.S. comps thanks to its in-store and online initiatives. Benedict adds that he remains positive on the fundamental setup for Walmart shares with added benefits of controlled costs and productivity improvements.

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Fiat Chrysler

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KKR

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FB

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AAPL

Apple

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AMZN

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CFG

Citizens Financial

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Under Armour

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Under Armour

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ARCE

Arco Platform

$22.91

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CBS

CBS

$57.20

1.03 (1.83%)

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Richard Parsons steps down from CBS Board of Directors »

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Morgan Stanley China hardware analyst to hold analyst/industry conference call »

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CZR

Caesars

$10.19

-0.07 (-0.68%)

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Apollo Global

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Periodicals
Caesars to reject Golden Nugget's merger offer, NY Post says »

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Caesars

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Apollo Global

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LLY

Eli Lilly

$111.91

-1.4 (-1.24%)

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Incyte

$66.09

1.66 (2.58%)

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Eli Lilly, Incyte shares updated safety analysis of Olumiant in active RA »

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Eli Lilly

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INCY

Incyte

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1.66 (2.58%)

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WAL

Western Alliance

$49.42

-4.11 (-7.68%)

18:36
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FFBC

First Financial Bancorp

$24.91

-2.51 (-9.15%)

18:32
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Upgrade
First Financial Bancorp rating change  »

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HRZN

Horizon Technology

$11.45

0.06 (0.53%)

18:29
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Horizon Technology rating change  »

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NCNA

NuCana

$18.90

1.9 (11.18%)

18:25
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CBNK

Capital Bancorp

$12.75

(0.00%)

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ABX

Barrick Gold

$13.19

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Randgold

$81.91

0.23 (0.28%)

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Randgold

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V

Visa

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0.74 (0.53%)

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IBM

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T

AT&T

$32.86

0.36 (1.11%)

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Comcast

$35.97

0.02 (0.06%)

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CMCSK

Comcast

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SNE

Sony

$55.66

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FOX

21st Century Fox

$45.51

0.05 (0.11%)

FOXA

21st Century Fox

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LGF.A

Lionsgate

$22.20

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DIS

Disney

$118.81

2.55 (2.19%)

VIAB

Viacom

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VIA

Viacom

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FOX

21st Century Fox

$45.51

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21st Century Fox

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AMC's Collier named next leader of Fox Network, NY Times reports »

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FOX

21st Century Fox

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AMC

AMC Entertainment

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VLKAY

Volkswagen

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Audi electric SUV facing delay due to software bug, Reuters reports »

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BX

Blackstone

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Blackstone to acquire Ulterra for $700M, Reuters reports »

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FCAU

Fiat Chrysler

$15.52

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KKR

$24.22

-0.45 (-1.82%)

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Fiat agrees to sell Magneti Marelli to KKR's Calsonic, Bloomberg says »

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Fiat Chrysler

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KKR

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MRK

Merck

$72.34

0.12 (0.17%)

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AstraZeneca

$39.21

0.25 (0.64%)

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Merck, AstraZeneca announce detailed results from Phase 3 SOLO-1 trial »

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Merck

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AstraZeneca

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VAR

Varian Medical

$104.25

-1.575 (-1.49%)

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NTGN

Neon Therapeutics

$8.88

0.56 (6.73%)

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Neon Therapeutics management to meet with Morgan Stanley »

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GTHX

G1 Therapeutics

$46.88

-0.07 (-0.15%)

14:13
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G1 presents additional data from randomized Phase 2 trial in first-line SCLC »

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NCNA

NuCana

$18.90

1.9 (11.18%)

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LPTX

Leap Therapeutics

$6.44

-0.17 (-2.57%)

, MRK

Merck

$72.34

0.12 (0.17%)

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Leap Therapeutics presents esophagogastric cancer data »

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Leap Therapeutics

$6.44

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Merck

$72.34

0.12 (0.17%)

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