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BBBY

Bed Bath & Beyond

$12.69

-0.08 (-0.63%)

, AMZN

Amazon.com

$1,774.92

-41.7 (-2.30%)

06:44
06/03/19
06/03
06:44
06/03/19
06:44

Bed Bath & Beyond leaders failed to modernize leading to board refresh, WSJ says

Leaders at Bed Bath & Beyond were ill-equipped to shift to an environment where consumers can access thousands of products on their smartphones enabling activist investors to unseat top officials, the Wall Street Journal's Suzanne Kapner reports, citing former employees and people close to the company. The updated board will now face the challenge of rapidly overhauling the company, including streamlining inventory, cutting costs, updating marketing, investing in technology and reviewing potential asset sales, after it failed to modernize and blamed Amazon (AMZN) for its struggles. Reference Link

BBBY

Bed Bath & Beyond

$12.69

-0.08 (-0.63%)

AMZN

Amazon.com

$1,774.92

-41.7 (-2.30%)

  • 03

    Jun

  • 25

    Jun

  • 10

    Jul

BBBY Bed Bath & Beyond
$12.69

-0.08 (-0.63%)

04/05/19
04/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Simeon Gutman saying he believes activist intervention presents the potential for upside for the stock in the near-term. 2. Snap (SNAP) upgraded to Hold from Sell at Summit Insights. 3. Northrop Grumman (NOC) upgraded to Positive from Neutral at Susquehanna. 4. Weyerhaeuser (WY) upgraded to Overweight from Equal Weight at Stephens with analyst Mark Connelly saying the stock, which is generally viewed as an income play, has sold off on rate concerns and slower starts. 5. Viacom (VIA, VIAB) upgraded to Outperform from Sector Perform at RBC Capital with analyst Steven Cahall saying the company's "less contentious" than feared DirecTV (T) deal improves its standing and "paves the way toward merger talks" with CBS (CBS). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/11/19
DBAB
04/11/19
NO CHANGE
Target $19
DBAB
Hold
Bed Bath & Beyond price target raised to $19 from $15 at Deutsche Bank
Deutsche Bank analyst Mike Baker raised his price target for Bed Bath & Beyond to $19 from $15 following the company's "relatively in-line" quarter and guidance increase. The analyst keeps a Hold rating on the shares. The guidance is back-end weighted with the Q1 outlook weaker than expected, Baker tells investors in a research note. While bulls will focus on the presence of an activist investor and the long term transformational plan as two ways to win, bears will focus in on the fact that the shares have already had a significant move higher and that the initiatives put forth in the guidance are still largely unproven, contends the analyst. Baker sees "somewhat limited" share downside in the near term with activists likely to unveil their detailed operational plan in the next two weeks.
04/11/19
UBSW
04/11/19
NO CHANGE
Target $18
UBSW
Neutral
Bed Bath & Beyond price target raised to $18 from $13 at UBS
UBS analyst Michael Lasser raised his price target on Bed Bath & Beyond to $18 after its Q4 earnings beat but also kept his Neutral rating, questioning the management's announced strategy update. The analyst cites the company's plans to "cut back on couponing, lower marketing spend, reduce store labor, and make returns more stringent" as running "counter to what most retailers are doing currently" as they aim to capture more customers. Lasser adds that prioritizing profitability over sales has a "limited shelf life", and its current planned actions will make its low-single-digit long term sales growth objective "hard to achieve".
04/11/19
MSCO
04/11/19
NO CHANGE
Target $20
MSCO
Equal Weight
Bed Bath's weak Q1 view calls FY19 guidance into question, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman said he is skeptical Bed Bath & Beyond will be able to deliver results in line with its "overly optimistic" 2019 guidance given the company's weak Q1 outlook. He also questions the achievability of the company's "bullish" long-term guidance as he expects macroeconomic pressure and competitive headwinds to intensify. Gutman added that he believes Bed Bath's intention to accelerate its board refreshment process may not suffice and that the company could be headed towards a proxy fight with the activists that are involved in the stock. He keeps an Equal Weight rating and $20 price target on Bed Bath & Beyond shares.
AMZN Amazon.com
$1,774.92

-41.7 (-2.30%)

05/29/19
PIVT
05/29/19
INITIATION
Target $2750
PIVT
Buy
Amazon.com initiated with a Buy at Pivotal Research
Pivotal Research analyst Michael Levine started Amazon.com with a Buy rating and $2,750 price target. With the "highest quality" management and franchise within global internet, Amazon is a "must own name with huge upside even from here," Levine tells investors in a research note.
05/29/19
05/29/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN), Facebook (FB), and Twitter (TWTR) were initiated with a Buy at Pivotal Research, while Alphabet (GOOG, GOOGL), Pinterest (PINS), and Snap (SNAP) were initiated with a Hold. 2. Anchiano Therapeutics (ANCN) initiated with an Outperform at Baird. 3. Slack Technologies (WORK) initiated with a Neutral at DA Davidson. 4. National Vision (EYE) initiated with a Buy at Berenberg. 5. IMV Inc. (IMV) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/31/19
OPCO
05/31/19
NO CHANGE
OPCO
Outperform
AT&T, Verizon may trade down on Amazon/Boost Mobile news, says Oppenheimer
Following reports that Amazon (AMZN) is interested in buying Boost Mobile from T-Mobile (TMUS) and Sprint (S), Oppenheimer analyst Timothy Horan tells investors in a research note that he believes a deal would be "highly disruptive" to the industry, but would enable the merger approval for the Sprint-T-Mobile deal. The analyst sees Outperform-rated AT&T (T) and Perform-rated Verizon (VZ) trading down on the news, and Sprint trading higher.
05/31/19
JPMS
05/31/19
NO CHANGE
JPMS
Verizon, AT&T selloffs present buying opportunities, says JPMorgan
JPMorgan analyst Philip Cusick believes Amazon.com (AMZN) is unlikely to enter the wireless market via an acquisition of Boost Mobile, as reported last night by Reuters. As a result, he believes the selloffs today in shares of Verizon Communications (VZ) and AT&T (T) present buying opportunities.

TODAY'S FREE FLY STORIES

PINS

Pinterest

$25.69

0.09 (0.35%)

13:21
10/16/19
10/16
13:21
10/16/19
13:21
Upgrade
Pinterest rating change  »

Pinterest upgraded to Buy…

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  • 16

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PM

Philip Morris

$79.09

0.77 (0.98%)

, HON

Honeywell

$163.93

0.27 (0.16%)

13:19
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13:19
Earnings
Notable companies reporting before tomorrow's open »

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PM

Philip Morris

$79.09

0.77 (0.98%)

HON

Honeywell

$163.93

0.27 (0.16%)

UNP

Union Pacific

$163.27

0.07 (0.04%)

MS

Morgan Stanley

$42.80

0.26 (0.61%)

BBT

BB&T

$52.81

0.06 (0.11%)

STI

SunTrust

$68.01

-0.04 (-0.06%)

PPG

PPG

$119.43

1.21 (1.02%)

MTB

M&T Bank

$158.77

-0.1 (-0.06%)

KEY

KeyCorp

$17.63

-0.15 (-0.84%)

GPC

Genuine Parts

$97.95

0.01 (0.01%)

DOV

Dover

$95.93

-0.02 (-0.02%)

TXT

Textron

$50.56

-0.11 (-0.22%)

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IBM

IBM

$141.62

-1.36 (-0.95%)

, NFLX

Netflix

$282.05

-2.19 (-0.77%)

13:19
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10/16
13:19
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Earnings
Notable companies reporting after market close »

Notable companies…

IBM

IBM

$141.62

-1.36 (-0.95%)

NFLX

Netflix

$282.05

-2.19 (-0.77%)

CCI

Crown Castle

$133.80

-0.85 (-0.63%)

CSX

CSX

$68.89

-0.28 (-0.40%)

KMI

Kinder Morgan

$20.09

-0.09 (-0.45%)

CCK

Crown Holdings

$63.23

0.44 (0.70%)

URI

United Rentals

$122.16

1.45 (1.20%)

STLD

Steel Dynamics

$28.59

-1.53 (-5.08%)

AA

Alcoa

$19.44

-0.01 (-0.05%)

03/08/13
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FB

Facebook

$188.88

0.07 (0.04%)

, AVGO

Broadcom

$288.01

-2.45 (-0.84%)

13:17
10/16/19
10/16
13:17
10/16/19
13:17
Periodicals
European Commission exploring investigation of Facebook, NY Times reports »

The European Commission…

FB

Facebook

$188.88

0.07 (0.04%)

AVGO

Broadcom

$288.01

-2.45 (-0.84%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
10/16/19
10/16
13:17
10/16/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
10/16/19
10/16
13:16
10/16/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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W

Wayfair

$110.58

1.63 (1.50%)

13:15
10/16/19
10/16
13:15
10/16/19
13:15
Options
Wayfair put volume heavy and directionally bearish »

Bearish flow noted in…

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03/06/13
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03/06/13
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  • 31

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13:15
10/16/19
10/16
13:15
10/16/19
13:15
Conference/Events
FBN Securities media analyst to hold an analyst/industry conference call »

Media & Entertainment…

FB

Facebook

$188.81

(0.00%)

, V

Visa

$177.55

-1.25 (-0.70%)

13:13
10/16/19
10/16
13:13
10/16/19
13:13
Periodicals
Facebook exec still expects Libra to win enough financial backers, Reuters says »

Facebook's (FB)…

FB

Facebook

$188.81

(0.00%)

V

Visa

$177.55

-1.25 (-0.70%)

MA

MasterCard

$277.35

-1.29 (-0.46%)

PYPL

PayPal

$102.55

-0.99 (-0.96%)

BKNG

Booking Holdings

$2,026.75

9.12 (0.45%)

EBAY

eBay

$38.95

0.07 (0.18%)

03/08/13
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AKBA

Akebia

$4.46

0.125 (2.89%)

13:10
10/16/19
10/16
13:10
10/16/19
13:10
Recommendations
Akebia analyst commentary  »

Akebia lawsuit against…

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LEVI

Levi Strauss

$17.50

0.14 (0.81%)

, WWW

Wolverine World Wide

$28.71

0.115 (0.40%)

13:08
10/16/19
10/16
13:08
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13:08
Hot Stocks
Wolverine World Wide appoints Angelo Ng as chief merchant officer »

Wolverine World Wide…

LEVI

Levi Strauss

$17.50

0.14 (0.81%)

WWW

Wolverine World Wide

$28.71

0.115 (0.40%)

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  • 22

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PDCO

Patterson Companies

$17.44

0.11 (0.63%)

13:06
10/16/19
10/16
13:06
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Hot Stocks
Patterson does not believe FTC recommendation will impact financials »

Patterson Companies…

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HUN

Huntsman

$23.10

0.1 (0.43%)

13:05
10/16/19
10/16
13:05
10/16/19
13:05
Downgrade
Huntsman rating change  »

Huntsman downgraded to…

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  • 25

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LSCC

Lattice Semiconductor

$19.52

-0.24 (-1.21%)

13:02
10/16/19
10/16
13:02
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13:02
Hot Stocks
Lattice MachXO3D secure control FPGA receives security certification from NIST »

Lattice Semiconductor …

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  • 29

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NFLX

Netflix

$281.31

-2.93 (-1.03%)

, AAPL

Apple

$233.91

-1.35 (-0.57%)

13:00
10/16/19
10/16
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On The Fly
Fly Intel: What to watch in Netflix earnings report »

Netflix (NFLX) is…

NFLX

Netflix

$281.31

-2.93 (-1.03%)

AAPL

Apple

$233.91

-1.35 (-0.57%)

DIS

Disney

$131.38

1.61 (1.24%)

AMC

AMC Entertainment

$9.28

0.12 (1.31%)

SNE

Sony

$58.66

0.15 (0.26%)

03/08/13
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TSN

Tyson Foods

$82.13

-1.59 (-1.90%)

12:55
10/16/19
10/16
12:55
10/16/19
12:55
Options
Tyson Foods put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 12

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12:55
10/16/19
10/16
12:55
10/16/19
12:55
Conference/Events
Wedbush technology analyst to hold an analyst/industry webcast »

Technology Analyst…

12:55
10/16/19
10/16
12:55
10/16/19
12:55
Conference/Events
Wedbush technology analyst to hold an analyst/industry webcast »

Technology Analyst…

NIO

NIO Inc.

$1.48

-0.085 (-5.45%)

12:53
10/16/19
10/16
12:53
10/16/19
12:53
Periodicals
Wuxing government ends investment talks with NIO with no deal, NBD says »

The information office of…

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12:50
10/16/19
10/16
12:50
10/16/19
12:50
General news
NY Fed bought $7.5 B in T-bills in today's purchase »

NY Fed bought $7.5 B in…

JWN

Nordstrom

$34.95

-0.58 (-1.63%)

12:45
10/16/19
10/16
12:45
10/16/19
12:45
Options
Nordstrom call volume above normal and directionally bullish »

Bullish option flow…

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  • 22

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12:45
10/16/19
10/16
12:45
10/16/19
12:45
General news
Breaking General news story  »

Dallas Federal Reserve…

HSIC

Henry Schein

$62.66

0.81 (1.31%)

12:43
10/16/19
10/16
12:43
10/16/19
12:43
Hot Stocks
Henry Schein CEO says 'committed to doing business in an ethical manner' »

Henry Schein issued the…

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  • 08

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FB

Facebook

$189.02

0.21 (0.11%)

, TWTR

Twitter

$39.97

-0.29 (-0.72%)

12:37
10/16/19
10/16
12:37
10/16/19
12:37
On The Fly
#SocialStocks: Facebook still advancing Libra, Twitter clarifies rules »

Welcome to…

FB

Facebook

$189.02

0.21 (0.11%)

TWTR

Twitter

$39.97

-0.29 (-0.72%)

SNAP

Snap

$13.68

-0.41 (-2.91%)

03/08/13
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  • 22

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IRM

Iron Mountain

$32.64

-0.135 (-0.41%)

12:35
10/16/19
10/16
12:35
10/16/19
12:35
Options
Iron Mountain put volume heavy and directionally bearish »

Bearish flow noted in…

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03/08/13
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