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UNFI

United Natural Foods

$26.66

-0.48 (-1.77%)

, SVU

Supervalu

$32.47

-0.005 (-0.02%)

10:54
10/15/18
10/15
10:54
10/15/18
10:54

RBC says United Natural holders would likely prefer walking away from Supervalu

RBC Capital analyst William Kirk said Supervalu's (SVU) 10-Q showed that its Q2 top line and margin performance were significantly worse than anticipated and he believes at this point that United Natural Foods (UNFI) shareholders would prefer walking away from the takeover deal, but he notes that most termination rights sit with Supervalu. The analyst, who also thinks the weaker than expected earnings should "give lenders pause" with financing commitments due today, keeps Sector Perform ratings on both United Natural and Supervalu.

UNFI

United Natural Foods

$26.66

-0.48 (-1.77%)

SVU

Supervalu

$32.47

-0.005 (-0.02%)

  • 28

    Oct

UNFI United Natural Foods
$26.66

-0.48 (-1.77%)

09/24/18
09/24/18
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. Plains All American (PAA) and Plains GP Holdings (PAGP) were upgraded to Buy from Hold at Stifel. 2. Avon Products (AVP) upgraded to Buy from Neutral at DA Davidson with analyst Linda Bolton Weiser citing the increased "sense of urgency" under the new CEO Jan Zijderveld displayed in his first analyst meeting, demonstrating his greater engagement in the company's operations, hiring of executives with sales experience, and "establishing a culture of accountability." 3. United Natural Foods (UNFI) upgraded to Sector Perform at RBC Capital with analyst William Kirk saying while core business challenges for the company remain and the risk of the Supervalu acquisition integration continues, its 6.4-times earnings valuation likely accounts for these issues. 4. KVH Industries (KVHI) upgraded to Buy from Neutral at Chardan with analyst James McIlree saying he expects "continued strong growth" from its Agile Plans that should result in improved margins and increased financial predictability. 5. RELX (RELX) upgraded to Overweight from Equal Weight at Barclays with analyst Nick Dempsey saying he views the current valuation as attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/24/18
BMOC
09/24/18
NO CHANGE
Target $28
BMOC
Market Perform
United Natural Foods price target lowered to $28 from $41 at BMO Capital
BMO Capital analyst Kelly Bania lowered her price target on United Natural Foods to $28 and kept her Market Perform rating, saying the company's "weak" Q4 performance was driven by "ongoing margin mix-shift pressure and lack of pass through of freight costs". The analyst also cites the lack of visibility into the company's margins and worse than expected EBITDA contribution from the first year of its Supervalu integration efforts. Bania believes that United Natural Foods' core growth could stabilize as its "initiatives to grow sales in perimeter categories gain traction", but expects margin pressure to continue.
09/24/18
SPHN
09/24/18
NO CHANGE
Target $33
SPHN
Equal Weight
United Natural Foods price target lowered to $33 from $43 at Stephens
Stephens analyst Ben Bienvenu lowered his price target on United Natural Foods (UNFI) to $33 from $43, stating that its FY19 guidance suggests that some of the margin pressures evident in its Q4 report will persist. Additionally, the company's increased leverage from its Supervalu (SVU) deal paired with moderating topline growth give Bienvenu pause, he tells investors. The analyst keeps an Equal Weight rating on United Natural shares.
09/24/18
RBCM
09/24/18
UPGRADE
Target $32
RBCM
Sector Perform
United Natural Foods upgraded to Sector Perform from at RBC Capital on valuation
As reported earlier, RBC Capital analyst William Kirk upgraded United Natural Foods to Sector Perform from Underperform but lowered his price target to $32 from $36. The analyst says that while core business challenges for the company remain and the risk of the Supervalu acquisition integration continues, its 6.4-times earnings valuation likely accounts for these issues. Kirk also points to United Natural Foods' "good SG&A control and less margin mix headwinds going forward".
SVU Supervalu
$32.47

-0.005 (-0.02%)

08/06/18
WELS
08/06/18
NO CHANGE
Target $33
WELS
Market Perform
Supervalu price target raised to $33 from $21 at Wells Fargo
Wells Fargo analyst Edward Kelly raised his price target for Supervalu (SVU) to $33 from $21 after the company announced last week that it has agreed to be acquired by United Natural Foods (UNFI) for $32.50/share in cash, or $2.9B. The analyst says the deal makes sense to him from Supervalu's perspective given the company's strategic repositioning in recent years toward pure-play wholesale. He reiterates a Market Perform rating on Supervalu shares.
07/27/18
PIVT
07/27/18
DOWNGRADE
PIVT
Hold
Supervalu downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Ajay Jain downgraded Supervalu (SVU) following the acquisition by United Natural Foods (UNFI) for $32.50 per share in cash.
07/27/18
RBCM
07/27/18
DOWNGRADE
Target $33
RBCM
Sector Perform
Supervalu downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst Bill Kirk downgraded Supervalu (SVU) to Sector Perform from Outperform and lowered his price target to $33 from $39 after its announced acquisition by United Natural Foods (UNFI) at $32.50 per share.

TODAY'S FREE FLY STORIES

BA

Boeing

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COP

ConocoPhillips

$53.99

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AMZN

Amazon.com

$1,757.77

-30.07 (-1.68%)

, NFLX

Netflix

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-17.88 (-6.10%)

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CMCSA

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DIS

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AKS

AK Steel

$2.45

0.055 (2.30%)

, MT

ArcelorMittal

$14.58

0.03 (0.21%)

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AKS

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MT

ArcelorMittal

$14.58

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NUE

Nucor

$51.69

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STLD

Steel Dynamics

$28.71

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TMST

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$5.42

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AAVMY

ABN Amro

$0.00

(0.00%)

, BBVA

Banco Bilbao

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BNPQY

BNP Paribas

$0.00

(0.00%)

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$69.76

0.16 (0.23%)

CAIXY

CaixaBank

$0.00

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EV

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HSBC

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RY

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0.09 (0.80%)

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$175.83

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ZURVY

Zurich Insurance

$0.00

(0.00%)

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    Jan

STT

State Street

$63.40

3.69 (6.18%)

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SUN

Sunoco

$32.43

0.32 (1.00%)

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TLF

Tandy Leather

$4.61

(0.00%)

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TLF

Tandy Leather

$4.61

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AAPL

Apple

$236.29

0.99 (0.42%)

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JPM

JPMorgan

$120.60

0.21 (0.17%)

, FB

Facebook

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FB

Facebook

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PYPL

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MA

MasterCard

$270.90

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V

Visa

$175.83

-2.11 (-1.19%)

EBAY

eBay

$38.82

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BKNG

Booking Holdings

$2,012.20

-16.43 (-0.81%)

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GLD

SPDR Gold Shares

$140.47

-0.13 (-0.09%)

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TECK

Teck Resources

$16.48

0.11 (0.67%)

17:43
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  • 24

    Oct

OSK

Oshkosh

$77.22

0.46 (0.60%)

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OVLY

Oak Valley Bancorp

$16.40

-0.16 (-0.97%)

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FTNW

FTE Networks

$0.79

-0.0185 (-2.29%)

17:21
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TNXP

Tonix Pharmaceuticals

$0.45

0.0048 (1.07%)

17:12
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RLMD

Relmada Therapeutics

$20.18

1.07 (5.60%)

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16:55
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General news
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NWSA

News Corp.

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-0.19 (-1.39%)

, NWS

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News Corp

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FB

Facebook

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NYT

New York Times

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WAIR

Wesco Aircraft

$11.01

0.01 (0.09%)

16:46
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10/18
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16:46
Conference/Events
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  • 24

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FOMX

Foamix

$3.15

-0.09 (-2.78%)

16:41
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Hot Stocks
Breaking Hot Stocks news story on Foamix »

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