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SPTN

SpartanNash

$19.33

-0.01 (-0.05%)

, UNFI

United Natural Foods

$12.04

0.11 (0.92%)

07:05
01/10/19
01/10
07:05
01/10/19
07:05

SpartanNash initiated with an Outperform at RBC Capital

RBC Capital analyst Bill Kirk initiated SpartanNash (SPTN) with an Outperform rating and a price target of $25, citing the "volume opportunity" from the integration of United Natural Foods (UNFI) with Supervalu (SVU). The analyst says that the deal should allow SpartanNash market share performance in Food Distribution to improve. Kirk further contends that improvement in food PPI data, which turned positive for the first time in 7 months, is not reflected in the current consensus for SpartanNash, while the headwinds related to freight costs are expected to ease.

SPTN

SpartanNash

$19.33

-0.01 (-0.05%)

UNFI

United Natural Foods

$12.04

0.11 (0.92%)

SVU

Supervalu

$0.00

(0.00%)

  • 14

    Jan

  • 16

    Jan

SPTN SpartanNash
$19.33

-0.01 (-0.05%)

11/09/18
BMOC
11/09/18
DOWNGRADE
Target $23
BMOC
Market Perform
SpartanNash cut to Market Perform at BMO Capital on declining profitability
As reported earlier, BMO Capital analyst Kelly Bania downgraded SpartanNash to Market Perform from Outperform and kept her price target at $23. The analyst notes that its progress and profitability continue to deteriorate in spite of its efforts to invest about 50% of its tax reform savings in wages and other areas. Bania further states that the risk-reward on the shares has turned more balanced, adding that it is now more "difficult to argue that valuation should go higher now that expectations are higher than several months ago."
11/09/18
BMOC
11/09/18
DOWNGRADE
BMOC
Market Perform
SpartanNash downgraded to Market Perform from Outperform at BMO Capital
11/08/18
BMOC
11/08/18
DOWNGRADE
Target $23
BMOC
Market Perform
SpartanNash downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Kelly Bania downgraded SpartanNash to Market Perform with a price target of $23.
11/15/18
NRCS
11/15/18
UPGRADE
NRCS
Buy
SpartanNash upgraded to Buy from Neutral at Northcoast
UNFI United Natural Foods
$12.04

0.11 (0.92%)

12/11/18
PIVT
12/11/18
UPGRADE
Target $14
PIVT
Hold
United Natural Foods upgraded to Hold from Sell at Pivotal Research
Pivotal Research analyst Ajay Jain upgraded United Natural Foods to Hold from Sell, stating that he sees near-term risks as better reflected in the stock's valuation with the shares down about 66% since late July when the Supervalu deal was announced. He reduced his price target on United Natural Foods shares to $14 from $18, adding that he remains "extremely cautious overall" about on United Natural's increased risk profile.
12/11/18
ARGS
12/11/18
DOWNGRADE
ARGS
Hold
United Natural Foods downgraded to Hold at Argus on slowing sales, higher costs
As reported earlier, Argus analyst Deborah Ciervo downgraded United Natural Foods to Hold based on her weaker outlook for the stock. The analyst says the company is "posting slower sales amid increased competition" and has also faced more pressure from "higher labor and freight costs, supply-chain issues, and a weaker product mix." Ciervo also slashes her FY19 EPS view on United Natural Foods to $1.76 from $3.45 based on the management's latest outlook along with her expectations of lower margins and higher interest / SG&A expenses next year. She adds that she would consider returning the stock's rating to Buy if the company's costs moderate and margins improve.
12/11/18
ARGS
12/11/18
DOWNGRADE
ARGS
Hold
United Natural Foods downgraded to Hold from Buy at Argus
12/10/18
BMOC
12/10/18
NO CHANGE
Target $14
BMOC
Market Perform
United Natural Foods price target lowered to $14 from $28 at BMO Capital
BMO Capital analyst Kelly Bania lowered her price target on United Natural Foods to $14 and kept her Market Perform rating after its Q1 results and 2019 outlook, saying the visibility into where EBITDA could stabilize after the company's Supervalu acquisition remains more challenging than she expected. The analyst contends that while the management has maintained an optimistic view about its target of $185M in synergies by the 4th year of the deal, the financial model of the combined companies remains "highly complicated", adding that the stock's valuation is faced with risks "even at current levels".
SVU Supervalu
$0.00

(0.00%)

12/04/18
RBCM
12/04/18
NO CHANGE
Target $28
RBCM
Sector Perform
United Natural Foods guidance likely down on Supervalu deal, says RBC Capital
RBC Capital analyst William Kirk kept his Sector Perform rating and $28 price target on United Natural Foods (UNFI) ahead of its Q1 earnings, saying the comparability for the period should be "tricky" given the closing of the Supervalu (SVU) deal and reporting changes of both entities. The analyst warns however that United Natural Foods' guidance may be down based on the latter's operational miss along with the unforeseen related financing costs, estimating its EBITDA outlook at $600M - down from its prior forecast of $655M-$675M. Kirk further believes that the company is " transitioning from a business that can command premium margins to a more conventional margin model," also warning about the "unrelenting risk" coming from Amazon's (AMZN) Whole Foods business.
10/22/18
WELS
10/22/18
NO CHANGE
Target $25
WELS
Market Perform
United Natural Foods price target lowered to $25 from $31 at Wells Fargo
Wells Fargo analyst Edward Kelly lowered his price target for United Natural Foods (UNFI) to $25 from $31 given the weaker than expected financial contribution from Supervalu (SVU). The analyst notes that United Natural Foods' controversial acquisition of Supervalu looks to be getting off to a tough start, as unanticipated challenges have put first year accretion guidance at risk and raised further questions about the long-term outlook for the combined company. Kelly reiterates a Market Perform rating on United Natural Foods' shares.
11/12/18
LOOP
11/12/18
NO CHANGE
Target $40
LOOP
Buy
United Natural Foods price target lowered to $40 from $45 at Loop Capital
Loop Capital analyst Andrew Wolf lowered his price target on United Natural Foods (UNFI) to $40 after his discussions with its CEO Steve Spinner suggested that the integration of the Supervalu (SVU) acquisition could be "more complex" than anticipated. The analyst still believes in the "strategic rational" for the merger, as the combined entity becomes the "second largest grocery wholesaler in the nation" and the only one that can provide a "full suite of conventional, specialty and natural products". Wolf is keeping his Buy rating on United Natural Foods longer term.
10/30/18
GSCO
10/30/18
DOWNGRADE
Target $19
GSCO
Sell
United Natural Foods reinstated with a Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Christopher Prykull reinstated coverage of United Natural Foods with a Sell rating and $19 price target. The analyst sees 14% downside and downgraded the shares from his prior rating of Neutral. United Natural is "caught in the middle" of both sector and cyclical headwinds as its financial leverage has increased due to the acquisition of Supervalu, a deal the analyst believes has "substantial integration risk." While the natural and organic industry is still outpacing overall food retail sales, it is showing signs of maturation, says Prykull.

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VEON

Veon

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AMZN

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