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COST

Costco

$246.22

4.38 (1.81%)

, KR

Kroger

$25.48

-0.2 (-0.78%)

07:37
04/16/19
04/16
07:37
04/16/19
07:37

Oppenheimer to hold a bus tour

Consumer Bus Tour travels throughout Seattle, Washington visiting with various consumer companies on April 16.

COST

Costco

$246.22

4.38 (1.81%)

KR

Kroger

$25.48

-0.2 (-0.78%)

JWN

Nordstrom

$43.25

-0.58 (-1.32%)

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COST Costco
$246.22

4.38 (1.81%)

04/04/19
BARD
04/04/19
NO CHANGE
Target $250
BARD
Outperform
Costco March comps to rebound, says Baird
Baird analyst Peter Benedict kept his Outperform rating and $250 price target on Costco ahead of its March comps results next week, saying he expects the month to rebound from a softer figure of 4.6% in February as the headwinds of weather and Easter calendar shift fade. The analyst estimates March comps to rise 7%-8% and believes that the company's "entrenched value position, loyal membership base, and emerging omni-channel sophistication" should sustain its standout position in retail.
04/01/19
SBSH
04/01/19
UPGRADE
Target $18
SBSH
Neutral
Bed Bath & Beyond upgraded to Neutral from Sell at Citi
Citi analyst Geoff Small upgraded Bed Bath & Beyond (BBBY) to Neutral from Sell and raised his price target for the shares to $18 from $10 after taking over coverage of the name. Citi transferred coverage of Broadlines & Hardlines Retail names to Small. The analyst assumed coverage with Buy ratings on AutoZone (AZO), BJ's Wholesale (BJ), Home Depot (HD), Lowe's (LOW), O'Reilly Automotive (ORLY) and Walmart (WMT). The U.S. consumer remains on "solid footing" amid low unemployment, rising wages, declining gas prices, manageable levels of debt, and elevated consumer confidence, Small tells investors in a research note. However, he points out that we are in the ninth year of the current economic expansion and "the possibility of a macroeconomic slowdown cannot be ignored." The analyst prefers retailers operating in "defensive sectors that are less susceptible to disruption by online competitors," namely auto parts, broadlines and home improvement retail. Small also assumed Advance Auto Parts (AAP), Best Buy (BBY), Costco (COST) and Office Depot (ODP) with Neutral ratings.
04/01/19
LOOP
04/01/19
NO CHANGE
Target $265
LOOP
Buy
Costco price target raised to $265 from $260 at Loop Capital
Loop Capital analyst Laura Champine raised her price target on Costco to $265 from $260 and reiterated a Buy rating following mid-quarter estimate adjustments. In a research note to investors, Champine says the most meaningful change made to her model is a slight increase to gross margin in fiscal 2020 and beyond as she expects increased penetration of private label product to continue to boost product margin. She also expects an acceleration from 5% same-store sales growth in the February quarter to 7% in the May quarter as weather improves.
04/11/19
STFL
04/11/19
NO CHANGE
Target $261
STFL
Buy
Costco price target raised to $261 from $247 at Stifel
Stifel analyst Mark Astrachan said Costco's total and U.S. core comparable sales growth weakness in March "is a watchpoint," but he is more inclined to buy on weakness given that its comp growth still remains "distantly best-in-class." The analyst, who sees the consensus Q3 comp growth forecast of 4.6% for Costco as achievable, keeps a Buy rating on shares and raised his price target to $261 from $247.
KR Kroger
$25.48

-0.2 (-0.78%)

02/07/19
BUCK
02/07/19
INITIATION
Target $24
BUCK
Underperform
Kroger initiated with an Underperform at Buckingham
Buckingham analyst Bob Summers started Kroger with an Underperform rating and $24 price target. The company has established an "overly ambitious" goal for fiscal 2020 that entails significant investment, Summers tells investors in a research note. The analyst believes deflation, competitive activity, fuel profitability, and the economic cycle pose risk to the company's EBIT growth.
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.
03/20/19
EVER
03/20/19
INITIATION
Target $27
EVER
In Line
Kroger initiated with an In Line at Evercore ISI
Evercore ISI analyst Michael Montani started Kroger with an In Line rating and $27 base case price target, citing his view that Kroger's efforts to build out its ecosystem are admirable, but it's too soon to expect an "Amazon-esque" flywheel to drive sustainable EBIT growth.
03/21/19
LOOP
03/21/19
NO CHANGE
Target $102
LOOP
Hold
Walmart grocery sales productivity outperforming supermarkets, says Loop Capital
Loop Capital analyst Andrew Wolf kept his Hold rating and $102 price target on Walmart (WMT), saying the company's U.S. grocery comps outperformed the supermarket chains in 2018 as it has since 2016, even though the gap has narrowed. The analyst notes that Kroger (KR) made the biggest strides last year, and that the company was also the best performer in the 2013-2015 period supermarkets last made strong market share gains. Looking ahead, Wolf says the accelerating food-price inflation anticipated by the USDA could also "bode well for continued further same-store sales acceleration for both Walmart and the grocers in 2019."
JWN Nordstrom
$43.25

-0.58 (-1.32%)

03/21/19
GDHS
03/21/19
NO CHANGE
GDHS
Gordon Haskett shakes up retailer rankings with six upgrades, three downgrades
Gordon Haskett analysts Chuck Grom, John Park and Andrew Minora have recalibrated their ratings in broadline and hardline retail with the Q4 earnings season nearly complete, stating that holiday results were mixed with clear winners and losers and that year-to-date sales have been "extremely choppy." The firm's latest macro/consumer survey results suggest that some optimism has resurfaced and they see a scenario where there is a release of significant pent-up demand for the retail group. Within the context of a portfolio approach to the space, the analysts upgraded Target (TGT), Tractor Supply (TSCO), Dollar Tree (DLTR), BJ's Wholesale (BJ) to Buy from Accumulate, upgraded Wayfair (W) and Floor & Decor (FND) to Accumulate from Hold, and downgrade Nordstrom (JWN) and Sprouts Farmers Market (SFM) to Reduce from Hold. The analysts also downgraded Pier 1 Imports (PIR) to Underperform from Hold.
04/10/19
04/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. First Solar (FSLR) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Brian Lee citing his view on two potential company-specific catalysts. 2. Disney (DIS) upgraded to Outperform from Market Perform at BMO Capital with analyst Daniel Salmon saying with tomorrow's investor day, two Star Wars-themed lands opening in the domestic parks this summer, the launch of streaming service Disney+ before year-end, and a potential re-start of the buyback program within 12 months, Disney shares now have catalysts to go along with downside protection. 3. Under Armour (UA, UAA) assumed with a Buy from Neutral at Citi with analyst Paul Lejuez saying Under Armour is "growing up" with a renewed focus on driving profitability and return on invested capital. 4. KB Home (KBH) upgraded to Neutral from Underweight at JPMorgan with analyst Michael Rehaut saying the ongoing shift towards smaller-sized first-time product and double-digit community count growth should drive "above average fundamentals" in fiscal 2019 for KB Home. 5. Nordstrom (JWN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying recent meetings with co-CEO Erik Nordstrom and CFO Anne Bramman affirm that the company is prepared to transition its asset base as e-commerce continues to grow. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/10/19
KEYB
04/10/19
UPGRADE
KEYB
Overweight
KeyBanc upgrades Nordstrom to Overweight with $55 price target
KeyBanc analyst Edward Yruma upgraded Nordstrom to Overweight from Sector Weight with a price target of $55. Recent meetings with co-CEO Erik Nordstrom and CFO Anne Bramman affirm that the company is prepared to transition its asset base as e-commerce continues to grow, Yruma tells investors in a research note. The analyst believes Nordstrom is in "two fundamentally attractive sectors of softlines retail: premium and off-price." He believes the current valuation does not reflect the valuation of Nordstrom's e-commerce and Rack assets. Demand weakness as transient and the shares are attractively valued, says Yruma.
04/10/19
KEYB
04/10/19
UPGRADE
KEYB
Overweight
Nordstrom upgraded to Overweight from Sector Weight at KeyBanc

TODAY'S FREE FLY STORIES

MTSI

Macom

$15.86

-0.33 (-2.04%)

07:51
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ABBV

AbbVie

$78.71

0.06 (0.08%)

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APC

Anadarko

$71.41

7.29 (11.37%)

, OXY

Occidental Petroleum

$62.00

-0.35 (-0.56%)

07:48
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Recommendations
Anadarko, Occidental Petroleum, Chevron analyst commentary at Morgan Stanley »

Strategic value of…

APC

Anadarko

$71.41

7.29 (11.37%)

OXY

Occidental Petroleum

$62.00

-0.35 (-0.56%)

CVX

Chevron

$118.31

-3.69 (-3.02%)

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PTC

PTC

$101.94

1.12 (1.11%)

07:48
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NXGN

NextGen Healthcare

$17.65

0.38 (2.20%)

07:47
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NextGen Healthcare rating change  »

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ABBV

AbbVie

$78.71

0.06 (0.08%)

07:47
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ABBV

AbbVie

$78.71

0.06 (0.08%)

07:46
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AZPN

Aspen Technology

$114.55

2.435 (2.17%)

07:45
04/25/19
04/25
07:45
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07:45
Upgrade
Aspen Technology rating change  »

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07:45
04/25/19
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General news
Treasury Market Outlook: bond markets are mixed »

Treasury Market Outlook:…

XLNX

Xilinx

$139.79

2.66 (1.94%)

07:44
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04/25
07:44
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07:44
Downgrade
Xilinx rating change at Needham »

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CIGI

Colliers International

$69.14

-0.39 (-0.56%)

07:44
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04/25
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07:44
Hot Stocks
Colliers International acquires affiliate in Sweden »

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ABBV

AbbVie

$78.71

0.06 (0.08%)

07:43
04/25/19
04/25
07:43
04/25/19
07:43
Earnings
AbbVie raises FY19 adj. EPS view to $8.73-$8.83 from $8.65-$8.75 »

FY19 consensus $8.69. The…

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HAS

Hasbro

$103.18

2.84 (2.83%)

07:42
04/25/19
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07:42
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07:42
Downgrade
Hasbro rating change at Argus »

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WAB

Wabtec

$76.57

-0.19 (-0.25%)

, GE

General Electric

$9.32

-0.025 (-0.27%)

07:42
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Hot Stocks
Wabtec CEO Ray Betler to retire, Rafael Santana to succeed »

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Wabtec

$76.57

-0.19 (-0.25%)

GE

General Electric

$9.32

-0.025 (-0.27%)

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ABBV

AbbVie

$78.71

0.06 (0.08%)

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ABBV

AbbVie

$78.71

0.06 (0.08%)

07:42
04/25/19
04/25
07:42
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07:42
Earnings
AbbVie reports Q1 adjusted EPS $2.14, consensus $2.06 »

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HBAN

Huntington Bancshares

$13.75

-0.04 (-0.29%)

07:40
04/25/19
04/25
07:40
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07:40
Earnings
Huntington Bancshares sees FY19 revenue up 4%-7%, consensus $4.76B »

The company said,…

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REPL

Replimune Group

$15.32

1 (6.98%)

07:40
04/25/19
04/25
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07:40
Initiation
Replimune Group initiated  »

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ALKS

Alkermes

$34.80

0.6 (1.75%)

07:40
04/25/19
04/25
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Hot Stocks
Alkermes reports Q1 Vivitrol revenue $69.2M vs. $62.7M last year »

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FCN

FTI Consulting

$78.95

-0.04 (-0.05%)

07:40
04/25/19
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07:40
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07:40
Earnings
FTI Consulting backs FY19 adj. EPS view $3.50-$4.00, consensus $3.71 »

Backs FY19 revenue view…

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RRC

Range Resources

$9.76

0.08 (0.83%)

07:39
04/25/19
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07:39
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07:39
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Range Resources rating change  »

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SWK

Stanley Black & Decker

$145.79

-1.58 (-1.07%)

07:38
04/25/19
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07:38
Recommendations
Stanley Black & Decker analyst commentary at JPMorgan »

Stanley Black &…

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FCN

FTI Consulting

$78.95

-0.04 (-0.05%)

07:37
04/25/19
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04/25/19
07:37
Earnings
FTI Consulting reports Q1 adj. EPS $1.63, consensus 99c »

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NCI

Navigant Consulting

$21.00

0.38 (1.84%)

07:37
04/25/19
04/25
07:37
04/25/19
07:37
Earnings
Navigant Consulting backs FY19 adjusted EPS view 85c-$1.00, consensus 89c »

Backs FY19 revenue view…

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SAH

Sonic Automotive

$15.84

0.45 (2.92%)

07:36
04/25/19
04/25
07:36
04/25/19
07:36
Earnings
Sonic Automotive reports Q1 adjusted EPS 39c, consensus 23c »

Reports Q1 revenue…

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