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WMT

Walmart

$96.98

-0.16 (-0.16%)

, SPWR

SunPower

$6.64

-0.1 (-1.48%)

10:08
10/23/18
10/23
10:08
10/23/18
10:08

Walmart, SunPower announce 23-megawatt solar agreement

Walmart (WMT) announced that it has reached an agreement with SunPower (SPWR) to have the commercial energy provider install solar systems at 19 stores and two distribution centers in Illinois. As part of the project, a mix of rooftop and ground-mount solar systems are expected to account for 23 megawatts, with start of construction targeted for the first half of 2019. This commitment moves Walmart closer to its 2025 goal of supplying its global operations with 50% renewable energy. Walmart is financing the solar projects through a power purchase agreement arranged by SunPower, allowing Walmart to buy power at competitive prices and hedge against future utility rate increases with no upfront capital costs. Walmart will own the renewable energy credits associated with the system.

WMT

Walmart

$96.98

-0.16 (-0.16%)

SPWR

SunPower

$6.64

-0.1 (-1.48%)

  • 28

    Oct

  • 30

    Oct

  • 15

    Nov

WMT Walmart
$96.98

-0.16 (-0.16%)

10/17/18
LOOP
10/17/18
NO CHANGE
Target $102
LOOP
Hold
Walmart analyst day confirms core momentum, Flipkart dilution, says Loop Capital
Loop Capital analyst Andrew Wolf says Walmart's investor day "impressed with a real sense of robust organizational momentum and solid fundamental trends," but Flipkart dilution materially lowers his EPS estimates. Nonetheless, Wolf expects 2018 to continue to be a banner year for Walmart's core operations and he would not be surprised to see upside to guidance on sales productivity. Overall, and while the analyst views the U.S. Omnichannel strategic direction and execution "very favorably," he argues that the strategic rationale for Flipkart stands in contrast to the transformation being achieved at core Walmart. He reiterates a Hold rating and $102 price target on the shares.
10/19/18
OPCO
10/19/18
NO CHANGE
Target $100
OPCO
Perform
Oppenheimer more confident in Walmart's ability to sustain top-line momentum
Oppenheimer analyst Rupesh Parikh maintained a Perform rating and $100 price target on Walmart after attending the company's analyst day earlier this week. Overall, Parikh tells investors in a research note that he walked away "much" more confident in Walmart's ability to sustain top-line momentum and drive improved operating leverage going forward, but says that valuation combined with a more muted near-term earnings delivery represents the primary sticking point for him in not recommending shares.
10/22/18
PIPR
10/22/18
NO CHANGE
Target $2100
PIPR
Overweight
Teen survey shoes Prime adoption 'increased materially,' says Piper Jaffray
Piper Jaffray analyst Michael Olson says his firm's 36th semi-annual survey of 8,600 teens shows improved Amazon.com (AMZN) mindshare and that Prime adoption "once again increased materially." 74% of respondents indicated their family had a Prime membership versus 70% in the spring 2018 survey and 66% in fall 2017, Olson tells investors in a research note. He believes Amazon's "massive scale is crucial, as it makes it very difficult for competitors, such as Walmart (WMT), to change consumer habits." Olson reiterates an Overweight rating on Amazon with a $2,100 price target.
10/22/18
MKMP
10/22/18
NO CHANGE
Target $105
MKMP
Neutral
Walmart price target lowered to $105 at MKM Partners after analyst meeting
MKM Partners analyst Patrick McKeever nudged his price target on Walmart lower to $105 from $107 and also kept his Neutral rating after its annual meeting with the investment community, saying he has turned "more positive" on the outlook for the company's top line. The analyst cites Walmart's continued benefits coming from a "very favorable consumer backdrop, better store execution driven by wage/training investments, aggressive adaption of new technology, an improved fresh assortment, and strong momentum in e-commerce." McKeever anticipates more challenges for Walmart's profitability however because of wider e-commerce losses than anticipated in addition to incremental pressures coming from the fuel/transport costs and retail price investment.
SPWR SunPower
$6.64

-0.1 (-1.48%)

09/19/18
ROTH
09/19/18
NO CHANGE
ROTH
Buy
Tariff exemption a 'meaningful positive' for SunPower, Enphase, says Roth
Roth Capital analyst Philip Shen tells investors in a research note that SunPower's (SPWR) exclusion from the 30% Section 201 import tariffs for its IBC cells and modules is a "meaningful positive" for the company, as with the exclusion, SunPower appears to be the only company to serve the U.S. resi market with tariff-free modules imported from outside the U.S., except for First Solar (FSLR), which does not serve the resi market. In addition, Shen views the news as a meaningful positive for Enphase (ENPH) given its exclusive relationship with SunPower, and says Enphase could benefit from increased volumes ahead.
09/19/18
09/19/18
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. WELLS FARGO UPGRADES TRANSOCEAN TO OUTPERFORM: Wells Fargo analyst Judson Bailey upgraded Transocean (RIG) to Outperform and raised his price target for the shares to $16 from $13. The analyst "significantly" increased his EBITDA and net asset value estimates across the offshore drilling space to reflect increasing demand combined with tightening availability for high spec ultra-deepwater rigs. This is quickly pushing dayrate expectations higher as well as the market value for ultra-deepwater assets, Bailey tells investors. The analyst cites Transocean's deepwater leverage for his upgrade to Outperform. In late morning trading, Transocean was higher by 3.6%. JEFFERIES UPGRADES E-TRADE TO BUY: Jefferies analyst Daniel Fannon upgraded E-Trade (ETFC) to Buy from Hold with an unchanged price target of $65. The stock's current valuation is attractive for the core business while the financial and strategic benefits as a takeout candidate remain intact, Fannon said. His favorite ideas in the group are E-Trade and Charles Schwab (SCHW). In late morning trading, E-Trade was higher by 3.5%. CREDIT SUISSE UPGRADES SUNPOWER: Credit Suisse analyst Michael Weinstein upgraded SunPower (SPWR) to Outperform from Neutral and raised his target price for shares to $10 from $8. Weinstein said the news that its interdigitated back contact solar modules manufactured in Malaysia will be exempted from U.S. import tariffs won't impact 2018 earnings, as the decision doesn't explicitly call out retroactiveness, but sees a benefit to 2019 and 2020 gross profit of $35M-$40M per year vs. prior estimates. In late morning trading, SunPower was higher by 4.7%. MORGAN STANLEY SAYS OIL SERVICES INDUSTRY ATTRACTIVE: Morgan Stanley analyst Connor Lynagh upgraded the oil services, drilling and equipment industry view to attractive, and initiated 14 stocks in the sector, including top Overweight picks Baker Hughes (BHGE), Halliburton (HAL), and Transocean. GUGGENHEIM RAISES NETFLIX PRICE TARGET: Guggenheim analyst Michael Morris raised his price target for Netflix (NFLX) to $420 from $360 and kept a Buy rating on the shares. The analyst believes that Netflix "subscriber penetration will significantly exceed what is implied in the company's current valuation." He thinks the company's Q3 launch of original local-market content in India and upgrades to its user experience will support further upside in the shares.
10/03/18
BOFA
10/03/18
UPGRADE
BOFA
Neutral
SunPower upgraded to Neutral from Underperform at BofA/Merrill
10/04/18
10/04/18
UPGRADE
Target $7.5

Neutral
SunPower upgraded to Neutral on upward revisions at BofA/Merrill
As previously reported, BofA/Merrill upgraded SunPower to Neutral from Underperform and raised its price target to $7.50 from $7. Analyst Julien Dumoulin-Smith expects SunPower to capitalize on near-term opportunities following the Section 201 tariff exemption and for management to provide further details about improvements and volumes with upward revisions to guidance on the Q4 call.

TODAY'S FREE FLY STORIES

UAA

Under Armour

$22.39

-1.06 (-4.52%)

06:22
12/11/18
12/11
06:22
12/11/18
06:22
Conference/Events
Under Armour to host investor day »

Investor Day to be held…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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FDX

FedEx

$192.94

-8.31 (-4.13%)

, UPS

UPS

$104.42

-0.9 (-0.85%)

06:22
12/11/18
12/11
06:22
12/11/18
06:22
Periodicals
Trump admin proposal would let Postal Service sell mailbox access, WSJ reports »

The Trump administration…

FDX

FedEx

$192.94

-8.31 (-4.13%)

UPS

UPS

$104.42

-0.9 (-0.85%)

AMZN

Amazon.com

$1,640.37

11.18 (0.69%)

03/08/13
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03/06/13
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03/06/13
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  • 13

    Dec

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    Dec

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    Dec

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    Dec

CVON

ConvergeOne

$12.50

0.04 (0.32%)

06:19
12/11/18
12/11
06:19
12/11/18
06:19
Hot Stocks
ConvergeOne to acquire solutions integrator VT Consolidated »

ConvergeOne announced…

03/08/13
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  • 13

    Dec

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YRCW

YRC Worldwide

$4.96

-0.16 (-3.13%)

06:18
12/11/18
12/11
06:18
12/11/18
06:18
Recommendations
YRC Worldwide analyst commentary  »

YRC Worldwide price…

03/08/13
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03/08/13
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03/06/13
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STKL

SunOpta

$4.49

-0.09 (-1.97%)

06:17
12/11/18
12/11
06:17
12/11/18
06:17
Conference/Events
SunOpta management to meet with William Blair »

Meeting to be held in New…

03/08/13
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03/08/13
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03/06/13
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  • 11

    Dec

ASR

Asur

$142.35

2.27 (1.62%)

06:16
12/11/18
12/11
06:16
12/11/18
06:16
Upgrade
Asur rating change  »

Asur upgraded to Neutral…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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VSLR

Vivint Solar

$5.28

0.05 (0.96%)

06:16
12/11/18
12/11
06:16
12/11/18
06:16
Conference/Events
Vivint Solar management to meet with JMP Securities »

Meeting to be held in New…

03/08/13
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03/06/13
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03/06/13
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  • 11

    Dec

DBX

Dropbox

06:15
12/11/18
12/11
06:15
12/11/18
06:15
Initiation
Dropbox initiated  »

Dropbox initiated with an…

03/08/13
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ZNGA

Zynga

$3.68

0.07 (1.94%)

06:15
12/11/18
12/11
06:15
12/11/18
06:15
Upgrade
Zynga rating change  »

Zynga upgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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VPG

Vishay Precision

$30.59

0.74 (2.48%)

06:14
12/11/18
12/11
06:14
12/11/18
06:14
Conference/Events
Vishay Precision management to meet with Sidoti »

Meeting to be held in the…

03/08/13
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03/08/13
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03/06/13
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  • 11

    Dec

BOX

Box

$18.60

0.42 (2.31%)

06:14
12/11/18
12/11
06:14
12/11/18
06:14
Initiation
Box initiated  »

Box initiated with an…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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SFIX

Stitch Fix

$25.92

-0.42 (-1.59%)

06:14
12/11/18
12/11
06:14
12/11/18
06:14
Recommendations
Stitch Fix analyst commentary  »

Stitch Fix price target…

03/08/13
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AVVIY

Aviva

$0.00

(0.00%)

06:13
12/11/18
12/11
06:13
12/11/18
06:13
Upgrade
Aviva rating change  »

Aviva upgraded to Top…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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VALE

Vale

$12.86

-0.275 (-2.09%)

06:12
12/11/18
12/11
06:12
12/11/18
06:12
Upgrade
Vale rating change  »

Vale upgraded to…

03/08/13
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03/06/13
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HYMTF

Hyundai Motor

$0.00

(0.00%)

06:11
12/11/18
12/11
06:11
12/11/18
06:11
Periodicals
Hyundai Motor's two R&D vice chairmen offer to step down, Reuters reports »

Hyundai Motor's two…

03/08/13
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03/06/13
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MO

Altria Group

$53.35

-0.83 (-1.53%)

, CRON

Cronos Group

$12.88

0.16 (1.26%)

06:11
12/11/18
12/11
06:11
12/11/18
06:11
Recommendations
Altria Group, Cronos Group, Philip Morris analyst commentary  »

Altria could partner with…

MO

Altria Group

$53.35

-0.83 (-1.53%)

CRON

Cronos Group

$12.88

0.16 (1.26%)

PM

Philip Morris

$84.20

-0.36 (-0.43%)

03/08/13
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03/06/13
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03/06/13
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EQNR

Equinor

$22.94

-0.24 (-1.04%)

06:09
12/11/18
12/11
06:09
12/11/18
06:09
Downgrade
Equinor rating change  »

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03/08/13
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DIS

Disney

$111.84

-0.16 (-0.14%)

, FOX

21st Century Fox

$49.03

0.04 (0.08%)

06:08
12/11/18
12/11
06:08
12/11/18
06:08
Periodicals
Disney to split up Fox's regional sports networks to sell, NY Post reports »

Disney (DIS) is planning…

DIS

Disney

$111.84

-0.16 (-0.14%)

FOX

21st Century Fox

$49.03

0.04 (0.08%)

FOXA

21st Century Fox

$49.35

0.09 (0.18%)

03/08/13
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CTSH

Cognizant

$67.07

-0.94 (-1.38%)

06:08
12/11/18
12/11
06:08
12/11/18
06:08
Hot Stocks
Cognizant to acquire Mustache creative content agency »

Cognizant announced it is…

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UIS

Unisys

$13.04

0.29 (2.27%)

06:08
12/11/18
12/11
06:08
12/11/18
06:08
Conference/Events
Unisys management to meet with Loop Capital »

Meeting to be held in New…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 11

    Dec

RGA

Reinsurance Group

$137.72

-1.84 (-1.32%)

06:08
12/11/18
12/11
06:08
12/11/18
06:08
Upgrade
Reinsurance Group rating change  »

Reinsurance Group…

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PFG

Principal Financial

$42.93

-1.52 (-3.42%)

06:08
12/11/18
12/11
06:08
12/11/18
06:08
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Principal Financial rating change  »

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TRV

Travelers

$123.04

-0.52 (-0.42%)

06:08
12/11/18
12/11
06:08
12/11/18
06:08
Downgrade
Travelers rating change  »

Travelers downgraded to…

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  • 13

    Dec

CRM

Salesforce

$137.29

1.31 (0.96%)

06:07
12/11/18
12/11
06:07
12/11/18
06:07
Hot Stocks
Salesforce names Paula Goldman as first Chief Ethical and Humane Use Officer »

Salesforce announced on…

03/08/13
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    Mar

CRS

Carpenter Technology

$39.05

-0.86 (-2.15%)

06:07
12/11/18
12/11
06:07
12/11/18
06:07
Upgrade
Carpenter Technology rating change  »

Carpenter Technology…

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