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WMT

Walmart

$102.50

0.43 (0.42%)

, PETS

PetMed Express

$19.70

-1.995 (-9.20%)

07:49
05/07/19
05/07
07:49
05/07/19
07:49

Walmart opening more veterinary clinics in stores, launching online pet pharmacy

Walmart (WMT) is opening up dozens more veterinary clinics in its stores and launching its first online pet pharmacy, the company said in a blog post. Additionally, the company said: "Customers can now purchase prescription pet medications at WalmartPetRx.com and have them delivered right to their doors. Walmart Pet Rx offers low cost pet prescriptions for dogs, cats, horses and livestock from over 300 trusted brands to treat conditions like flea and tick, heartworm, allergy, arthritis and more." WalmartPetRX.com will rival PetSmart's Chewy.com and PetMed Express (PETS). "More and more, customers are caring for their furry friends the same way they care for themselves, opting for more organic and grain-free food options and giving their pet vitamins and supplements. In response, we've expanded our pet assortment online with more than 100 new pet brands over the last year, including more premium and health-conscious brands like Blue Buffalo, Greenies, and Hill's Science Diet." Further, Walmart said: "With 68% of US households owning a pet and 90% of Americans living within 10 miles of a Walmart store, we're expanding in-store retail veterinary clinics, starting with nine new clinics in the Dallas-Fort Worth area in late May and June. With plans to reach 100 veterinary clinics over the next 12 months, these clinics offer affordable, high quality and convenient services to save customers as much as 40 to 60 percent on vaccines and minor illness packages and exams." Reference Link

WMT

Walmart

$102.50

0.43 (0.42%)

PETS

PetMed Express

$19.70

-1.995 (-9.20%)

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    Nov

WMT Walmart
$102.50

0.43 (0.42%)

05/02/19
BERN
05/02/19
UPGRADE
BERN
Outperform
Walmart upgraded to Outperform from Market Perform at Bernstein
05/03/19
BERN
05/03/19
UPGRADE
BERN
Outperform
Walmart upgraded to Outperform from Market Perform at Bernstein
Bernstein analyst Brandon Fletcher upgraded Walmart (WMT) to Outperform from Market Perform, saying that while he thinks Walmart has not been able to return to its full potential for decades, but that the fully realized vision of what Walmart could be is "so fantastic that, if it even accidentally leans in the right direction," he thinks it could create an outsized investment return over several years. Fletcher tells investors in a research note that he thinks Walmart is the only full-scale challenger to Amazon (AMZN), with sizable investments on Price & Convenience and Price & Assortment.
05/03/19
RBCM
05/03/19
INITIATION
Target $39
RBCM
Outperform
Synchrony assumed with an Outperform at RBC Capital
RBC Capital analyst Jon Arfstrom assumed coverage of Synchrony (SYF) with an Outperform rating and a price target of $39, saying the company matches his criteria of "leverage to consumer strength." The analyst also believes that Synchrony's outlook remains "favorable" after its "solid" Q1 trends and expects the company to get past the "noise" around its PayPal (PYPL) partnership and Walmart (WMT) exit.
05/03/19
05/03/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Domtar (UFS) upgraded to Buy from Neutral at Goldman Sachs with analyst Brian Maguire saying the current valuation on the stock marks an attractive entry point. 2. Kirby (KEX) upgraded to Buy from Underperform at BofA/Merrill with analyst Ken Hoexter stating shares have been under pressure due to overcapacity in the barging market. 3. Walmart (WMT) upgraded to Outperform from Market Perform at Bernstein with analyst Brandon Fletcher saying that while he thinks Walmart has not been able to return to its full potential for decades, the fully realized vision of what Walmart could be is "so fantastic that, if it even accidentally leans in the right direction," it could create an outsized investment return over several years. 4. Seagate (STX) upgraded to Buy from Hold at Argus with analyst Jim Kelleher stating the company looks to be "closer" to the end of the downturn in its end markets and he expects its "revitalized portfolio" to be well positioned once demand recovers. 5. Tilray (TLRY) upgraded to Hold from Underperform at Jefferies with analyst Owen Bennett saying that while he remains cautious on Tilray's outlook, "this now appears to be much better appreciated by the market" at current valuation levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PETS PetMed Express
$19.70

-1.995 (-9.20%)

07/09/18
CHLM
07/09/18
DOWNGRADE
Target $32
CHLM
Sell
PetMed Express downgraded to Sell from Hold at Craig-Hallum
Craig-Hallum analyst Kevin Ellich downgraded PetMed Express to Sell from Hold following the launch of Chewy Pharmacy by Chewy.com, which he thinks will result in potential market share loss, margin pressure and multiple contraction for PetMed. Noting that his price comparison shows Chewy Pharmacy is already competitive with PetMed Express, he lowered his estimates for FY19 and FY20 and cut his price target for PetMed shares to $32 from $38.
07/23/18
CHLM
07/23/18
NO CHANGE
CHLM
PetMed Express price target lowered to $29 from $32 at Craig-Hallum
Craig-Hallum analyst Kevin Ellich kept a Sell rating on PetMed Express and lowered his price target on shares to $29 from $32. Ellich said gross margin was "adversely impacted" by greater pricing discounts due to competition from smaller online retailers. The analyst also noted that Q1 results were mixed, with an EPS miss and "new customer additions were somewhat underwhelming."
10/22/18
CHLM
10/22/18
NO CHANGE
CHLM
Sell
PetMed Express new competition negatively impacts, says Craig-Hallum
Craig-Hallum analyst Kevin Ellich reiterated his Sell rating on PetMed Express and lowered his price target to $25 from $29 following the Q2 report. Ellich said PetMed beat, but increased competition negatively impact new customer sales and increased customer acquisition costs.
01/23/19
CHLM
01/23/19
NO CHANGE
Target $18
CHLM
Sell
PetMed Express price target lowered to $18 from $25 at Craig-Hallum
Craig-Hallum analyst Kevin Ellich lowered his price target for PetMed Express to $18 from $25 after Q3 results missed estimates across the board due to increased competition that continues to affect the company as new customer acquisition costs were higher than expected while new customers added were the lowest since the analyst began tracking the metric in FY10. Ellich reiterates a Sell rating on the stock.

TODAY'S FREE FLY STORIES

UBER

Uber

$41.40

0.94 (2.32%)

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APTO

Aptose Biosciences

$2.01

0.03 (1.52%)

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TRNX

Taronis Technologies

$0.48

0.004 (0.84%)

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

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AAPL

Apple

$179.03

-0.64 (-0.36%)

17:22
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Apple sued over allegedly selling users' iTunes data, Bloomberg says »

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  • 03

    Jun

SPCB

SuperCom

$1.17

-0.005 (-0.43%)

17:21
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SuperCom discloses Nasdaq notice regarding delayed 20-F filing »

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USEG

U.S. Energy

$0.45

0.0373 (9.10%)

17:20
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U.S. Energy receives noncompliance notice from Nasdaq »

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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MYOV

Myovant Sciences

$12.39

-0.465 (-3.62%)

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NVS

Novartis

$87.49

3.03 (3.59%)

, QGEN

Qiagen

$38.22

-0.255 (-0.66%)

16:57
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NVS

Novartis

$87.49

3.03 (3.59%)

QGEN

Qiagen

$38.22

-0.255 (-0.66%)

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AVH

Avianca

$3.96

0.91 (29.84%)

16:56
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ANAC suspends flights, operations of Avianca Brasil, Reuters reports »

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AAPL

Apple

$179.03

-0.64 (-0.36%)

16:53
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Periodicals
Apple acquires startup Tueo Health, CNBC reports »

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  • 03

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SHSP

SharpSpring

$16.37

-0.24 (-1.44%)

16:52
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Syndicate
Breaking Syndicate news story on SharpSpring »

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  • 13

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CREG

China Recycling Energy

$0.48

0.005 (1.05%)

16:41
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Breaking Syndicate news story on China Recycling Energy »

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FENC

Fennec

$3.88

(0.00%)

16:36
05/24/19
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16:36
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16:36
Conference/Events
Fennec management to meet with Wedbush »

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TD

Toronto-Dominion

$56.66

0.65 (1.16%)

16:35
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Options
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CBUS

Cibus

$0.00

(0.00%)

16:25
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BA

Boeing

$355.14

4.57 (1.30%)

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FB

Facebook

$181.03

0.14 (0.08%)

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$355.14

4.57 (1.30%)

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FB

Facebook

$181.03

0.14 (0.08%)

BA

Boeing

$355.14

4.57 (1.30%)

UAL

United Continental

$80.77

-0.14 (-0.17%)

SMI

SMIC

$5.23

-0.26 (-4.74%)

HPQ

HP Inc.

$20.03

0.835 (4.35%)

HPE

HP Enterprise

$14.36

0.03 (0.21%)

NVS

Novartis

$87.49

3.03 (3.59%)

CNC

Centene

$56.84

1.39 (2.51%)

WCG

WellCare

$275.45

0.99 (0.36%)

TSS

TSYS

$113.42

13.81 (13.86%)

GPN

Global Payments

$153.42

5.45 (3.68%)

HIBB

Hibbett Sports

$23.91

4.07 (20.51%)

DVAX

Dynavax

$5.77

-0.59 (-9.28%)

FL

Foot Locker

$44.39

-8.455 (-16.00%)

SPLK

Splunk

$119.13

-9.55 (-7.42%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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Technical Analysis
NYSE market internals summary »

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RHE

Regional Health Properties

$2.06

0.09 (4.57%)

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TBIO

Translate Bio

$9.12

-0.09 (-0.98%)

16:14
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Breaking Syndicate news story on Translate Bio »

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