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JSAIY

J Sainsbury

$0.00

(0.00%)

, WMT

Walmart

$102.23

2.23 (2.23%)

06:30
02/20/19
02/20
06:30
02/20/19
06:30

U.K. regulator raises concerns over J Sainsbury, Asda merger

The U.K.'s Competition and Markets Authority said it has found that the proposed deal between J Sainsbury (JSAIY) and Walmart's (WMT) Asda "could lead to a worse experience for in-store and online shoppers across the UK through higher prices, a poorer shopping experience, and reductions in the range and quality of products offered." The agency also has concerns that prices could rise at a large number of Sainsbury's and Asda petrol stations. It said, "The CMA has provisional concerns that the merger could lead to a substantial lessening of competition at both a national and local level. The combined impact means that people could lose out right across the UK and that the deal could also cost shoppers through reduced competition in particular areas where Sainsbury's and Asda stores overlap." The CMA has set out potential options for addressing its provisional concerns. These include blocking the deal or requiring the merging companies to sell off a significant number of stores and other assets - potentially including one of the Sainsbury's or Asda brands - "to recreate the competitive rivalry lost through the merger." The CMA's current view is that it is "likely to be difficult for the companies to address the concerns it has identified." Reference Link

JSAIY

J Sainsbury

$0.00

(0.00%)

WMT

Walmart

$102.23

2.23 (2.23%)

  • 03

    Mar

  • 06

    Mar

JSAIY J Sainsbury
$0.00

(0.00%)

04/30/18
BARD
04/30/18
NO CHANGE
Target $105
BARD
Outperform
Walmart continues transformation with Asda deal, says Baird
Walmart's (WMT) plans to merge Asda with U.K. rival J Sainsbury (JSAIY) represents the latest move in CEO Doug McMillon's effort to transform/optimize the company's asset portfolio, Baird analyst Peter Benedict tells investors in a research note. He believes the deal signifies Walmart's continued focus on positioning itself for growth in "tomorrow's retail world." Benedict reiterates an Outperform rating on the shares with a $105 price target.
WMT Walmart
$102.23

2.23 (2.23%)

02/14/19
FBCO
02/14/19
NO CHANGE
FBCO
Rising prices in HPC/grocery an incremental benefit for Walmart comps, says Credit Suisse
Following recent comments about price increases from a number of suppliers, Credit Suisse analyst Seth Sigman analyzed pricing trends in the Mass retail channel, confirming that prices are indeed on the rise in HPC and grocery categories. For Walmart, this could be an incremental benefit for comps, even with a modest volume loss, he contends. The analyst also notes that prices in the Mass Channel, while now increasing year over year, are still growing at a lower rate versus other channels, and Mass still seems to be gaining "unit" share.
02/19/19
DBAB
02/19/19
NO CHANGE
DBAB
Buy
Deutsche Bank says Walmart investors relieved after company backs guidance
Deutsche Bank analyst Paul Trussell reiterated his Buy rating on Walmart following the company's Q4 earnings report, stating that its "high-quality beat" was driven by Walmart U.S. comps, 43% growth in e-commerce and improving leverage at Walmart U.S. "Perhaps more importantly," fears around greater Flipkart dilution were refuted as the company reiterated 2019 guidance, said Trussell, who believes rearmed expectations for continued EBIT and EPS growth excluding Flipkart "should provide a green light to accumulate shares."
02/19/19
RBCM
02/19/19
NO CHANGE
RBCM
Sector Perform
Walmart re-rating unlikely without earnings acceleration, says RBC Capital
RBC Capital analyst R. Scot Ciccarelli said Walmart's improvements and investments continue to deliver impressive sales growth and market share gains, though earnings flow-through "remains subdued." The analyst, who thinks that a sustained acceleration in profit growth is needed for Walmart shares to re-rate meaningfully higher, remains on the sidelines with a Sector Perform rating on the stock.
02/20/19
LOOP
02/20/19
NO CHANGE
Target $102
LOOP
Hold
Walmart Q4 benefited from strong U.S. sales and low tax rate, says Loop Capital
Loop Capital analyst Andrew Wolf kept his Hold rating and $102 price target on Walmart following its Q4 results, saying the earnings beat was "driven by a lower-than-guided tax rate and better-than-forecasted U.S. Segment same-store sales growth of 4.2%". The analyst also notes that while the company's e-commerce sales growth of 43% was "strong", its variable cost structure will remain a headwind on profitability this year. Wolf adds that Walmart shares are valued "in line with the mean of its closest peers" but also trade at about a 27% premium to their historical averages on expected forward earnings basis.

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Provention Bio

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Darden

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CBS

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Viacom

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Viacom

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British American Tobacco

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0.06 (0.16%)

MO

Altria Group

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Philip Morris

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Imperial Brands

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CRON

Cronos Group

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MLHR

Herman Miller

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$103.19

0.37 (0.36%)

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NCR Corp.

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Plains All American

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COST

Costco

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TECD

Tech Data

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AT&T

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Dish

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Agco

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Petrobras

$14.63

-0.31 (-2.08%)

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Celanese

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STI

SunTrust

$68.57

0.48 (0.70%)

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Webster Financial

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CSCO

Cisco

$49.32

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$0.00

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