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SHLD

Sears

$0.40

0.05 (14.28%)

05:20
10/15/18
10/15
05:20
10/15/18
05:20

Sears CEO Edward Lampert steps down as CEO, board creates 'Office of the CEO'

Edward Lampert has stepped down from his role as CEO of the company, effective immediately. He will remain Chairman of the board. The company's board has created an Office of the CEO, which will be responsible for managing the company's day-to-day operations during this process. The Office of the CEO will be composed of Robert Riecker, CFO; Leena Munjal, Chief Digital Officer, Customer Experience and Integrated Retail; and Gregory Ladley, President of Apparel and Footwear.

SHLD Sears
$0.40

0.05 (14.28%)

05/09/18
JEFF
05/09/18
NO CHANGE
Target $60
JEFF
Hold
Sears-Amazon tire partnership not a negative for Monro, says Jefferies
Jefferies analyst Bret Jordan kept his Hold rating and $60 price target on Monro (MNRO) after its stock price fell over 7.5% today to $52.70, saying Sears (SHLD) partnership with Amazon (AMZN) on tire installation and services is a not "transformational negative". Jordan notes that the greater transparency and price matching is not new, while Monro is "already an installer for other online sellers such as Tirerack and ATD's tirebuyer.com". The analyst adds that the agreement is not exclusive, leaving the "door open" for Monro to enter into a similar deal.
09/24/18
WELS
09/24/18
NO CHANGE
WELS
Outperform
Newell weakness on potential Sears bankruptcy fears overdone, says Wells Fargo
Wells Fargo analyst Bonnie Herzog believes today's weakness in shares of Newell Brands (NWL) is likely due to concerns about a potential bankruptcy of Sears (SHLD) as well as ongoing China tariff negotiations. However, she views the move as a "complete overreaction," arguing that Newell's exposure to Sears is fairly limited. Herzog, who sees today's weakness as overblown and would be a buyer amid the weakness, reiterates her Outperform rating on Newell shares, which are down 7% to $20.28 in late morning trading.
10/12/18
MSCO
10/12/18
NO CHANGE
Target $1.5
MSCO
Equal Weight
Morgan Stanley sees near-term pressure, long-term gain for Penney if Sears folds
Amid recent headlines regarding Sears (SHLD) adding a restructuring expert and reportedly pursuing a bankruptcy filing, Morgan Stanley analyst Kimberly Greenberger noted that she believes J.C. Penney (JCP) had the highest store overlap with Sears, K-Mart, and Sears Specialty Stores within both a quarter mile and half mile radius. If Sears closes additional stores or engages in liquidation sales, retailers in the close trade areas could experience some short-term pressure, said Greenberger, who added that Sears has already been closing stores for years. In the medium to long-term, she expects J.C. Penney and other retailers in the respective trade areas to potentially benefit from these closures. Greenberger, who views Penney's near-term debt maturities as "manageable," keeps an Equal Weight rating and $1.50 price target on the shares.
10/12/18
MKMP
10/12/18
NO CHANGE
Target $31
MKMP
Neutral
L Brands visibility remains low despite better Sept comps, says MKM Partners
MKM Partners analyst Roxanne Meyer kept her Neutral rating and $31 price target on L Brands (LB), saying that while the company reported better than expected same store sales in September and its Victoria's Secret brand comps turned positive, its visibility remains low. The analyst lists potential catalysts for L Brands being a "strong performance of pajamas in Q4 and the reintroduction of swimwear" at VS, but also points to her "newest concern" being the likelihood of a Sears (SHLD) liquidation, which would then reduce traffic at malls where the company also has retail presence.

TODAY'S FREE FLY STORIES

CAH

Cardinal Health

$53.04

-0.87 (-1.61%)

06:47
12/11/18
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06:47
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06:47
Conference/Events
Cardinal Health management to meet with RBC Capital »

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IIIV

i3 Verticals

$21.48

0.54 (2.58%)

06:46
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06:46
Initiation
i3 Verticals initiated  »

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BKU

BankUnited

$31.45

-0.955 (-2.95%)

06:45
12/11/18
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06:45
Conference/Events
BankUnited management to meet with Morgan Stanley »

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DRE

Duke Realty

$28.42

-0.08 (-0.28%)

06:43
12/11/18
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06:43
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06:43
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Duke Realty rating change  »

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DRH

DiamondRock

$9.88

-0.165 (-1.64%)

06:41
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06:41
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DiamondRock rating change  »

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ASR

Asur

$142.35

2.27 (1.62%)

06:40
12/11/18
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06:40
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Asur rating change  »

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WEX

Wex

$152.58

-0.875 (-0.57%)

, FLT

FleetCor

$186.15

-0.78 (-0.42%)

06:39
12/11/18
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06:39
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06:39
Downgrade
Wex, FleetCor rating change  »

Wex, FleetCor downgraded…

WEX

Wex

$152.58

-0.875 (-0.57%)

FLT

FleetCor

$186.15

-0.78 (-0.42%)

03/08/13
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  • 11

    Dec

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MKTAY

Makita

$0.00

(0.00%)

06:38
12/11/18
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06:38
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06:38
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Makita rating change  »

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BHGE

Baker Hughes

$21.27

-0.38 (-1.76%)

06:36
12/11/18
12/11
06:36
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06:36
Conference/Events
Baker Hughes management to meet with Evercore ISI »

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    Dec

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  • 18

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RHHBY

Roche

$0.00

(0.00%)

06:36
12/11/18
12/11
06:36
12/11/18
06:36
Recommendations
Roche analyst commentary  »

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  • 11

    Dec

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    Dec

  • 24

    Dec

  • 18

    Mar

BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

06:36
12/11/18
12/11
06:36
12/11/18
06:36
Periodicals
Samsung may be working on a blockchain phone, TNW reports »

Samsung has filed three…

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

SSNLF

Samsung

$0.00

(0.00%)

03/08/13
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NOK

Nokia

$5.68

0.14 (2.53%)

06:35
12/11/18
12/11
06:35
12/11/18
06:35
Recommendations
Nokia analyst commentary  »

Nokia added to US 1 List…

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BGNE

BeiGene

$136.19

-1.41 (-1.02%)

06:35
12/11/18
12/11
06:35
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06:35
Conference/Events
BeiGene management to meet with Leerink »

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  • 11

    Dec

  • 12

    Dec

ESS

Essex Property Trust

$262.73

-1.04 (-0.39%)

, AIV

Aimco

$47.03

-0.04 (-0.08%)

06:34
12/11/18
12/11
06:34
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06:34
Upgrade
Essex Property Trust, Aimco, AvalonBay, Invitation Homes rating change  »

Essex Property Trust…

ESS

Essex Property Trust

$262.73

-1.04 (-0.39%)

AIV

Aimco

$47.03

-0.04 (-0.08%)

AVB

AvalonBay

$187.46

-1.21 (-0.64%)

INVH

Invitation Homes

$21.71

-0.07 (-0.32%)

03/08/13
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QTRH

Quarterhill

$0.95

-0.06 (-5.94%)

, CSCO

Cisco

$46.86

0.44 (0.95%)

06:33
12/11/18
12/11
06:33
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06:33
Hot Stocks
Quarterhill subsidiary Wi-LAN grants patent license to Cisco »

Wi-LAN, a Quarterhill…

QTRH

Quarterhill

$0.95

-0.06 (-5.94%)

CSCO

Cisco

$46.86

0.44 (0.95%)

03/08/13
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  • 11

    Dec

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  • 10

    Jan

ARNA

Arena Pharmaceuticals

$41.02

0.47 (1.16%)

06:33
12/11/18
12/11
06:33
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06:33
Conference/Events
Arena Pharmaceuticals management to meet with Leerink »

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  • 12

    Dec

EQT

EQT Corporation

$19.61

1.19 (6.46%)

06:32
12/11/18
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06:32
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06:32
Hot Stocks
EQT postpones 2019 capital program and updated analyst presentation »

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  • 13

    Dec

VIVHY

Vivendi

$0.00

(0.00%)

, TI

Telecom Italia

$6.24

-0.04 (-0.64%)

06:31
12/11/18
12/11
06:31
12/11/18
06:31
Hot Stocks
Vivendi calls for shareholders meeting to change Telecom Italia board »

The company said,…

VIVHY

Vivendi

$0.00

(0.00%)

TI

Telecom Italia

$6.24

-0.04 (-0.64%)

03/08/13
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VSM

Versum Materials

$31.22

-0.34 (-1.08%)

06:30
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06:30
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Versum Materials rating change  »

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FIS

FIS

$105.72

1.07 (1.02%)

06:30
12/11/18
12/11
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06:30
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FIS rating change  »

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  • 13

    Dec

  • 13

    Dec

NSANY

Nissan

$0.00

(0.00%)

06:27
12/11/18
12/11
06:27
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06:27
Periodicals
Court rejects former Nissan chairman's appeal to end detention, Reuters reports »

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  • 07

    Jan

VNDA

Vanda Pharmaceuticals

$28.66

1.1 (3.99%)

06:27
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12/11
06:27
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06:27
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Vanda Pharmaceuticals rating change  »

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APEI

American Public Education

$28.97

-0.06 (-0.21%)

06:26
12/11/18
12/11
06:26
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06:26
Conference/Events
American Public Education management to meet with Barrington »

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  • 12

    Dec

ACOR

Acorda Therapeutics

$19.08

0.48 (2.58%)

06:25
12/11/18
12/11
06:25
12/11/18
06:25
Downgrade
Goldman downgrades Acorda Therapeutics to Sell with $10 price target »

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  • 05

    Jan

ANGO

AngioDynamics

$20.90

0.11 (0.53%)

06:25
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06:25
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06:25
Conference/Events
AngioDynamics management to meet with KeyBanc »

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  • 12

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