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SHLD

Sears

$0.00

(0.00%)

, AMZN

Amazon.com

$1,637.85

46.01 (2.89%)

06:13
02/13/19
02/13
06:13
02/13/19
06:13

Sears may face difficulties finding CEO under Eddie Lampert, NY Post reports

Sears (SHLD) is looking for a new CEO less than a week after evading liquidation but experts say the position could be difficult to fill given the issues still facing the retailer, which is owned by Eddie Lampert's ESL Investments, the New York Post's Lisa Fickenscher reports, citing industry source. One of the challenges may be concerns over whether Lampert will give the CEO autonomy and even ESL said it has been difficult to attract executives to Sears following years of customers shifting to rivals like Amazon (AMZN) and Walmart (WMT). Reference Link

SHLD

Sears

$0.00

(0.00%)

AMZN

Amazon.com

$1,637.85

46.01 (2.89%)

WMT

Walmart

$96.96

0.76 (0.79%)

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    Mar

SHLD Sears
$0.00

(0.00%)

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.
01/09/19
FBCO
01/09/19
NO CHANGE
FBCO
J.C. Penney looks best positioned to gain share from Sears, says Credit Suisse
Looking at potential near-term same-store sales lift Softlines Retail peers could see from share gains based on proximity to Sears (SHLD) stores amid a possible liquidation, Credit Suisse analyst Michael Binetti says J.C. Penney (JCP) and Burlington Stores (BURL) seem best positioned to gain share in 2019 due to close proximity. And while J.C. Penney looks best positioned to gain share from Sears, the analyst thinks the recent stock run-up is "a short-term bounce." Binetti does not see this as sustainable customer acquisition for J.C. Penney given the increased risk of closing destabilized malls, limited visibility to an improved merchandise strategy, and leverage constraints to growth investing. Overall, the analyst believes that while there may be some near-term share benefit, a Sears liquidation could be a bigger tipping point that will accelerate closures of already weakening U.S. C&D malls.
10/17/18
FBCO
10/17/18
NO CHANGE
Target $125
FBCO
Outperform
Whirlpool price target lowered to $125 from $175 at Credit Suisse
Credit Suisse analyst Susan Maklari lowered her price target for Whirlpool (WHR) to $125 from $175 to reflect continued pressures from inflation and reduced overhead leverage. While international challenges continue to drag on results, pricing in North America could help provide a necessary offset, she contends. The analyst notes that Sears' (SHLD) Chapter 11 filing should result in few changes in long-term appliance trends, though there could be some near-term choppiness as 142 additional stores are closed and liquidated. Maklari reiterates an Outperform rating on Whirlpool shares.
10/16/18
LOOP
10/16/18
NO CHANGE
Target $88
LOOP
Buy
Best Buy to be major beneficiary of likely Sears liquidation, says Loop Capital
Loop Capital analyst Anthony Chukumba kept his Buy rating and $88 price target on Best Buy (BBY) after Sears Holdings (SHLD) declared bankruptcy over the weekend, saying it should be a "major beneficiary" from the latter's eventual "likely" liquidation. The analyst estimates the liquidation could add as much as 47c or 8.5% accretion to Best Buy FY19 EPS, with the company picking up a "fair share" on the consumer electronics side of the business as the "last man standing" in terms of dedicated national brick-and-mortar retailers.
AMZN Amazon.com
$1,637.85

46.01 (2.89%)

02/07/19
MSCO
02/07/19
NO CHANGE
Target $99
MSCO
Overweight
PayPal acceptance growth still best of any digital wallet, says Morgan Stanley
Morgan Stanley analyst James Faucette said the most common question he has gotten for the past several weeks on PayPal (PYPL) has been, "Why is the stock underperforming so much since the beginning of 2019?" He believes PayPal's recent plateauing probably has more to do with other stocks than anything stock-specific, stating that Visa (V) and MasterCard (MA) "really have arguably had their best buying opportunities in years" and he would not be surprised to see PayPal "tread water" until those two stocks retake their respective highs. Another common thread in talks has been increasing concern that other digital wallets from Amazon (AMZN), Apple (AAPL) and others may be closing the acceptance gap, though he thinks that "speculation is flatly wrong." Dating back to March 2016, PayPal has had the fastest acceptance growth among all digital wallets, outpacing all the other wallets that he can reliably track, Faucette tells investors. He maintains an Overweight rating and $99 price target on PayPal shares.
02/08/19
SUSQ
02/08/19
UPGRADE
Target $30
SUSQ
Positive
Air Transport Services upgraded to Positive, target raised to $31 at Susquehanna
As reported previously, Susquehanna analyst Christopher Stathoulopoulos upgraded Air Transport Services (ATSG) to Positive from Neutral. The analyst cited its extended agreement with Amazon (AZMN), which puts its growth still in the early-innings as he sees low double-digit block hour growth in 2019 as achievable. Stathoulopoulos raised his price target to $30 from $21 on Air Transport Services shares.
02/12/19
DADA
02/12/19
NO CHANGE
Target $60
DADA
Underperform
DA Davidson reiterates $60 target on Wayfair citing Amazon 'encroachment'
In a research earlier today titled "Encroachment Is a 5-Yard Penalty," DA Davidson analyst Tom Forte reiterated an Underperform rating on Wayfair with a $60 12-18 month price target. The stock in morning trading is up 1% to $120.89. Amazon.com (AMZN) announced yesterday that it was launching two private-label furniture brands in the U.K., Forte wrote to investors. The analyst sees the news as "yet another indication" of Amazon's intent to expand its efforts in the home category, including furniture. Yesterday's announcement follows Amazon's decision last December to lower third-party selling fees for the furniture category, the analyst points out. Forte views Amazon's efforts to ramp its sales in the home category as an increasing threat for Wayfair. Further, the analyst is monitoring the potential sale of Overstock's (OSTK) legacy home e-commerce business, as he thinks a sale to a large bricks and mortar retailer could also result in additional competition for Wayfair.
02/12/19
LOOP
02/12/19
NO CHANGE
LOOP
Buy
NEMF liquidation could be boost for LTL companies, says Loop Capital
After New England Motor Freight, or NEMF, announced that it was liquidating, Loop Capital analyst Jeffrey Kauffman noted that the company was the 19th largest LTL carrier by revenues in 2018 and had a reputation as more of a discounter. He believes NEMF's customers, which reportedly includes Amazon (AMZN), will be challenged to find capacity easily with other LTL carriers given the current tightness in the market. The analyst, who said the liquidation should buoy LTL companies, has a Buy rating on YRC Worldwide (YRCW).
WMT Walmart
$96.96

0.76 (0.79%)

02/07/19
BUCK
02/07/19
INITIATION
BUCK
Neutral
Walmart reinstated with a Neutral at Buckingham
02/08/19
02/08/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Airlines (AAL) initiated with a Hold at Argus. 2. Walmart (WMT) and Sprouts Farmers Market (SFM) were initiated with a Neutral at Buckingham, while Kroger (KR) was initiated with an Underperform. 3. Wrap Technologies (WRTC) initiated with a Buy at Chardan. 4. nLight (LASR) initiated with a Hold at Craig-Hallum. 5. RA Pharmaceuticals (RARX) initiated with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/07/19
BUCK
02/07/19
INITIATION
Target $109
BUCK
Neutral
Walmart initiated with a Neutral at Buckingham
Buckingham analyst Bob Summers started Walmart with a Neutral rating and $109 price target. The analyst views Walmart as one of the best positioned companies in all of retail but believes "current and future successes" are well reflected in current valuation levels. He "would be compelled" to revisit his rating on a significant share pullback.
02/07/19
CLVD
02/07/19
NO CHANGE
CLVD
Walmart has further upside to Q4, says Cleveland Research
Cleveland Research's said WalMart US comps versus consensus are supported by an improvement in January and the 2019 outlook is positive.

TODAY'S FREE FLY STORIES

ZG

Zillow

$40.94

5.87 (16.74%)

, Z

Zillow

$41.12

6.09 (17.39%)

11:03
02/22/19
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11:03
02/22/19
11:03
Hot Stocks
Zillow adds to gain as Citron sets $70 target, turns positive after CEO change »

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ZG

Zillow

$40.94

5.87 (16.74%)

Z

Zillow

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6.09 (17.39%)

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BECN

Beacon Roofing

$37.50

0.13 (0.35%)

11:02
02/22/19
02/22
11:02
02/22/19
11:02
Hot Stocks
Beacon Roofing announces departure of CEO Paul Isabella later this year »

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C

Citi

$64.03

-0.28 (-0.44%)

11:00
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Options
Active trading in Citigroup short-term puts »

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ZG

Zillow

$40.54

5.47 (15.60%)

, Z

Zillow

$40.94

5.91 (16.87%)

10:57
02/22/19
02/22
10:57
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10:57
Periodicals
Citron says now positive on Zillow, calls returning CEO a 'stud' »

Citron Research tweeted:…

ZG

Zillow

$40.54

5.47 (15.60%)

Z

Zillow

$40.94

5.91 (16.87%)

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ZG

Zillow

$40.54

5.47 (15.60%)

, Z

Zillow

$40.94

5.91 (16.87%)

10:57
02/22/19
02/22
10:57
02/22/19
10:57
Periodicals
Breaking Periodicals news story on Zillow, Zillow »

Citron Research turns…

ZG

Zillow

$40.54

5.47 (15.60%)

Z

Zillow

$40.94

5.91 (16.87%)

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Wedge Partners
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Credit Suisse
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PFE

Pfizer

$43.02

0.88 (2.09%)

10:55
02/22/19
02/22
10:55
02/22/19
10:55
Periodicals
Pfizer exec to host presidential fundraiser for Gillibrand campaign, CNBC says »

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PLNT

Planet Fitness

$59.40

1.14 (1.96%)

10:50
02/22/19
02/22
10:50
02/22/19
10:50
Options
Earnings hedge opened in Planet Fitness »

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FDX

FedEx

$178.46

-3.82 (-2.10%)

, AMZN

Amazon.com

$1,625.63

5.79 (0.36%)

10:44
02/22/19
02/22
10:44
02/22/19
10:44
On The Fly
Stamps.com plummets after announcing discontinuation of USPS partnership »

Shares of Stamps.com…

FDX

FedEx

$178.46

-3.82 (-2.10%)

AMZN

Amazon.com

$1,625.63

5.79 (0.36%)

STMP

Stamps.com

$84.82

-113.26 (-57.18%)

UPS

UPS

$109.32

-2.44 (-2.18%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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TROX

Tronox

$11.80

0.45 (3.96%)

10:40
02/22/19
02/22
10:40
02/22/19
10:40
Options
Bullish call flow in Tronox ahead of earnings next week »

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10:40
02/22/19
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10:40
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10:40
General news
Fed's Williams: the Phillips Curve is "alive and well" »

Fed's Williams: the…

C

Citi

$64.24

-0.07 (-0.11%)

, INTC

Intel

$52.73

1.33 (2.59%)

10:39
02/22/19
02/22
10:39
02/22/19
10:39
On The Fly
Citi, Intel upgrades, Roku, Nordstrom downgrades among today's top analyst calls »

Check out today's top…

C

Citi

$64.24

-0.07 (-0.11%)

INTC

Intel

$52.73

1.33 (2.59%)

ROKU

Roku

$59.51

8.04 (15.62%)

JWN

Nordstrom

$43.50

-0.97 (-2.18%)

KHC

Kraft Heinz

$34.95

-13.24 (-27.47%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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EA

Electronic Arts

$93.86

-2.97 (-3.07%)

10:37
02/22/19
02/22
10:37
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10:37
Periodicals
EA starts massive round of layoffs at Australian studio, Kotaku reports »

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PYX

Pyxus

$24.70

-1.46 (-5.58%)

10:36
02/22/19
02/22
10:36
02/22/19
10:36
Initiation
Pyxus initiated  »

Pyxus initiated with a…

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XRX

Xerox

$31.60

0.26 (0.83%)

10:30
02/22/19
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10:30
Options
Downside hedge opened in Xerox April options »

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W

Wayfair

$149.39

32.25 (27.53%)

10:29
02/22/19
02/22
10:29
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10:29
Recommendations
Wayfair analyst commentary  »

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10:26
02/22/19
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10:26
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General news
Stocks higher as trade talks continue »

Stock futures were higher…

ACER

Acer Therapeutics

$24.25

0.38 (1.59%)

10:25
02/22/19
02/22
10:25
02/22/19
10:25
Conference/Events
William Blair biotech analysts to hold an analyst/industry conference call »

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AVEO

Aveo Pharmaceuticals

$0.62

0.0006 (0.10%)

, BMY

Bristol-Myers

$50.47

0.32 (0.64%)

10:25
02/22/19
02/22
10:25
02/22/19
10:25
Conference/Events
Piper Jaffray biotech analysts to hold an analyst/industry conference call »

Biotech Analysts, along…

AVEO

Aveo Pharmaceuticals

$0.62

0.0006 (0.10%)

BMY

Bristol-Myers

$50.47

0.32 (0.64%)

EXEL

Exelixis

$21.28

0.06 (0.28%)

IMMU

Immunomedics

$14.34

0.01 (0.07%)

JNJ

Johnson & Johnson

$135.83

0.43 (0.32%)

MRK

Merck

$80.55

0.73 (0.91%)

NKTR

Nektar

$40.10

-0.16 (-0.40%)

PFE

Pfizer

$42.89

0.75 (1.78%)

SGEN

Seattle Genetics

$69.99

0.74 (1.07%)

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10:25
02/22/19
02/22
10:25
02/22/19
10:25
Conference/Events
Cowen consumer analysts to hold an analyst/industry conference call »

Consumer Analysts Kernan…

XEC

Cimarex Energy

$73.78

0.45 (0.61%)

, REN

Resolute Energy

$31.93

0.41 (1.30%)

10:25
02/22/19
02/22
10:25
02/22/19
10:25
Conference/Events
Resolute Energy to host special shareholder meeting »

Special Shareholder…

XEC

Cimarex Energy

$73.78

0.45 (0.61%)

REN

Resolute Energy

$31.93

0.41 (1.30%)

03/08/13
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LKSD

LSC Communications

$9.20

-0.21 (-2.23%)

, QUAD

Quad/Graphics

$15.63

-0.165 (-1.04%)

10:25
02/22/19
02/22
10:25
02/22/19
10:25
Conference/Events
Quad/Graphics to host special shareholder meeting »

Special Shareholder…

LKSD

LSC Communications

$9.20

-0.21 (-2.23%)

QUAD

Quad/Graphics

$15.63

-0.165 (-1.04%)

03/08/13
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QUAD

Quad/Graphics

$15.63

-0.165 (-1.04%)

, LKSD

LSC Communications

$9.20

-0.21 (-2.23%)

10:25
02/22/19
02/22
10:25
02/22/19
10:25
Conference/Events
LSC Communications to host special shareholder meeting »

Special Shareholder…

QUAD

Quad/Graphics

$15.63

-0.165 (-1.04%)

LKSD

LSC Communications

$9.20

-0.21 (-2.23%)

03/08/13
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03/06/13
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ELGX

Endologix

$0.54

0.0223 (4.27%)

10:25
02/22/19
02/22
10:25
02/22/19
10:25
Conference/Events
Endologix to host special shareholder meeting »

Special Shareholder…

03/08/13
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ACAM

Acamar Partners

$0.00

(0.00%)

10:23
02/22/19
02/22
10:23
02/22/19
10:23
Syndicate
Acamar Partners opens at $10.01, IPO priced at $10.00 per share »

Acamar Partners (ACAM)…

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  • 22

    Feb

DPLO

Diplomat Pharmacy

$8.56

-4.905 (-36.44%)

10:23
02/22/19
02/22
10:23
02/22/19
10:23
Downgrade
Diplomat Pharmacy rating change  »

William Blair downgrades…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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