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DIS

Disney

$131.70

-4.37 (-3.21%)

, TGT

Target

$103.64

-2.62 (-2.47%)

16:16
08/25/19
08/25
16:16
08/25/19
16:16

Disney, Target team up to bring Disney store to retailer shoppers

Disney (DIS) and Target (TGT) announced a creative retail collaboration. The collaboration encompasses experiential retail and merchandising - including the launch of 25 Disney stores within select Target stores nationwide on October 4, with 40 additional locations opening by October 2020. Guests will find an all-new, Disney focused digital experience on Target.com. Additionally, a new Target store will open at Flamingo Crossings Town Center at the western entrance of the Walt Disney World Resort in 2021 to bring the convenience of Target shopping to Disney park guests. Disney store at Target will launch just when the new assortment of merchandise from Disney's Frozen 2 and Star Wars:The Rise of Skywalker hits shelves. Additional locations will be added to more Target stores over the next year to expand the Disney store retail footprint and meet Disney fans when and where they want to shop. Disney store at Target locations will be a Target-operated, branded "shop-in-shop" layout with an average of 750 square feet, strategically located inside Target stores adjacent to kids clothing and toys, replicated online at Target.com/Disneystore and in the Target app, available for download on iOS and Android. The "shop-in-shop" will feature an enhanced Disney assortment of more than 450 items, including more than 100 products that were previously only available at Disney retail locations.

DIS

Disney

$131.70

-4.37 (-3.21%)

TGT

Target

$103.64

-2.62 (-2.47%)

  • 15

    Sep

  • 19

    Sep

  • 25

    Sep

DIS Disney
$131.70

-4.37 (-3.21%)

08/08/19
08/08/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Outperform from Neutral at Credit Suisse with analyst Douglas Mitchelson saying he sees less risk to estimates now that the fiscal 2020 consensus earnings per share estimate dropped from over $8 per share a year ago to ~$6 per share today. 2. Lyft (LYFT) upgraded to Outperform from Neutral at Wedbush and to Neutral from Underweight at Atlantic Equities. 3. Roku (ROKU) was upgraded to Overweight from Equal Weight at Stephens and to Buy from Neutral at Rosenblatt. 4. Hertz (HTZ) upgraded to Overweight from Equal Weight at Barclays with analyst Brian Johnson saying the company's "impressive" Q2 plus favorable industry dynamics offers a "better runway for transformation." 5. Dollar General (DG) upgraded to Buy from Neutral at Goldman Sachs with analyst Christopher Prykull saying the broader market volatility that has brought shares of Dollar General down has created an opportunity for investors to step into a "favorably positioned" retailer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/14/19
NEED
08/14/19
NO CHANGE
Target $60
NEED
Buy
Needham positive on valuation and strategic position of ViacomCBS
Needham analyst Laura Martin is keeping her Buy rating and $60 price target on CBS (CBS) after its announced merger with Viacom (VIA), saying the company is retaining about 60% control along with many senior management positions in the deal. The analyst notes that the investment decision on CBS can now focus on its fundamentals, and she sees the combined entity as an "OTT superpower" with expected acceleration in its Subscription Video On Demand platform. Martin further contends that the merged ViacomCBS business is too cheap at a forward earnings estimate of 6.7-times relative to the multiples of her Hold-rated Discovery (DISCA) and Disney (DIS)
08/14/19
MACQ
08/14/19
DOWNGRADE
Target $31
MACQ
Neutral
Viacom downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Tim Nollen downgraded Viacom (VIAB) to Neutral from Outperform and keeps a Neutral rating on CBS (CBS) shares after the two companies announced a merger deal with no premium for Viacom following "3 years of on again/off again merger discussions amidst wrenching change in the industry." While he believes the deal's strategic positives outweigh the risks, Nollen said integration might not be easy and that ViacomCBS will still be "small-ish" compared with competitors Comcast (CMCSA) and Disney (DIS). He lowered his price target on Viacom shares to $31 from $37 and cut his price target on CBS shares to $53 from $55.
08/20/19
IMPC
08/20/19
NO CHANGE
Target $140
IMPC
In-Line
Disney price target lowered to $140 from $147 at Imperial Capital
Imperial Capital analyst David Miller lowered his price target for Disney to $140 from $147 and maintained an In-Line rating. Miller says he is materially lowering his FY19 estimates by 17c per share due to lower CPMs for the upcoming college football slate in September, and is also cutting his FY20 and FY21 EPS due to continued expected losses at the DTC unit as well as lower film ultimates. The analyst says the Q4 EPS decline accounts for a negative advertising pacing environment at ESPN due to the college football schedule, and says ESPN faces a difficult comp in terms of gross ratings points and advertising CPMs. Miller lowered his Q4 cumulative revenue estimate to $19.35B from $19.53B and his adjusted EPS estimate to 96c from $1.13.
TGT Target
$103.64

-2.62 (-2.47%)

08/22/19
BUCK
08/22/19
NO CHANGE
Target $61
BUCK
Buy
Target price target raised to $117 from $102 at Buckingham
Buckingham analyst Bob Summers raised his price target for Target to $117 from $102 and reiterated a Buy rating following the company's quarterly results. In a research note to investors, Summers says he believes Target continues to distance itself from most of its competitors, as evidenced by its third consecutive quarter of driving EPS upside and margin expansion with comparable store sales and e-commerce delivering strong results over at least the last six quarters, and feels this puts Target in a more elite group of retailers. He believes the stock's valuation will continue to re-rate, and says the ability to "comp the comp" and no apparent intermediate-term threat of a major earnings reset will also improve valuation.
08/22/19
FBCO
08/22/19
NO CHANGE
Target $112
FBCO
Outperform
Target price target raised to $112 from $90 at Credit Suisse
Credit Suisse analyst Seth Sigman raised his price target for Target to $112 from $90 as its "stronger" Q2 results continue to support his positive view, centered on its improving competitive position and ability to take share across a number of core categories through an improving omni-channel offering, compelling value proposition and differentiated assortment. The analyst reiterates an Outperform rating on the shares.
08/22/19
BMOC
08/22/19
NO CHANGE
Target $105
BMOC
Market Perform
Target price target raised to $105 from $78 at BMO Capital
BMO Capital analyst Kelly Bania raised her price target on Target to $105 after its "strong" top-line momentum in Q2, saying the company is benefiting from its internal drivers of "private label merchandising, designer partnerships, and growing convenience" as well as the external drivers such as weaker mall traffic. The analyst also notes that the company's margin performance was stronger than expected despite the rise in tariff costs, but she still sees valuation expansion potential as limited by the "lack of leverage point on digital fulfillment costs". Bania keeps her Market Perform rating on Target.
08/22/19
08/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Buy from Neutral at Citi with analyst Paul Lejuez saying he wants to catch the next 20% move up, which he believes will occur as the company continues to prove it is a "winner" in the current retail landscape. 2. Wayfair (W) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying the 12% decline in the stock price since the company's posted its Q2 results has created a compelling entry point. 3. Energizer (ENR) upgraded to Buy from Neutral at UBS with analyst Steven Strycula saying the stock has lost 45% of its market cap as a result of the initial integration challenges and higher leverage, but contends that at 9.5-times expected forward EBITDA, he sees the "bear case" being priced in. 4. Etsy (ETSY) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying the 20% decline in the stock price since the company's last earnings report has made its valuation more compelling. 5. Cerner (CERN) upgraded to Buy from Hold at Argus with analyst Jasper Hellweg saying the company is well positioned for growth having just completed its "self-described 'investment year'." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

UPS

UPS

$120.71

1.61 (1.35%)

21:22
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UPS management to meet with UBS »

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  • 23

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DIS

Disney

$132.18

-1.14 (-0.86%)

, T

AT&T

$37.92

0.78 (2.10%)

18:17
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Periodicals
Disney reaches TV carriage agreement with AT&T, Bloomberg says »

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-1.14 (-0.86%)

T

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  • 23

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BA

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$379.33

-5.28 (-1.37%)

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  • 02

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MCF

Contango Oil & Gas

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-0.07 (-3.93%)

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GLD

SPDR Gold Shares

$142.97

1.68 (1.19%)

17:41
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SPDR Gold Shares holdings rise to 894.15MT from 883.60MT »

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VXRT

Vaxart

$0.58

-0.0307 (-5.03%)

17:37
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AAPL

Apple

$217.69

-3.22 (-1.46%)

17:34
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Apple given tariff exclusion on certain Mac Pro parts, Bloomberg says »

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

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II-VI to enter S&P 400; Callon Petroleum, PriceSmart to enter S&P SmallCap600 »

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IIVI

II-VI

$39.05

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CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

03/08/13
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  • 23

    Sep

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  • 02

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  • 30

    Oct

NVR

NVR

$3,632.55

-30.45 (-0.83%)

, JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

17:26
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NVR to replace Jefferies Financial Group in the S&P 500 at open on September 26 »

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

JEF

Jefferies Financial Group

$19.47

-0.19 (-0.97%)

SPB

Spectrum Brands

$49.66

-1.395 (-2.73%)

03/08/13
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  • 16

    Oct

NOC

Northrop Grumman

$368.25

-7.45 (-1.98%)

17:24
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Northrop Grumman subsidiary awarded $1.12B Missile Defense Agency contract »

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

, FNSR

Finisar

$24.31

1.25 (5.42%)

17:23
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09/20
17:23
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17:23
Hot Stocks
Breaking Hot Stocks news story on PriceSmart, Finisar »

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

FNSR

Finisar

$24.31

1.25 (5.42%)

03/08/13
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03/06/13
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  • 30

    Oct

IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

17:22
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Breaking Hot Stocks news story on II-VI, Callon Petroleum »

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

CPE

Callon Petroleum

$4.53

-0.015 (-0.33%)

03/08/13
Wedge Partners
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Credit Suisse
03/06/13
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03/06/13
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  • 23

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  • 02

    Oct

NVR

NVR

$3,632.55

-30.45 (-0.83%)

17:20
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09/20
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Hot Stocks
Breaking Hot Stocks news story on NVR »

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NHYDY

Norsk Hydro

$0.00

(0.00%)

17:12
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Norsk Hydro discloses federal court in Brazil lifts embargo on Alunortes »

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RESN

Resonant

$3.05

0.02 (0.66%)

17:03
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Conference/Events
Resonant participates in a conference call with Loop Capital »

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  • 01

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    Nov

NINE

Nine Energy Services

$6.73

-0.33 (-4.67%)

17:02
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ATOM

Atomera

$3.70

0.17 (4.82%)

17:00
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Conference/Events
Atomera participates in a conference call with Loop Capital »

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MPWR

Monolithic Power

$154.21

-2 (-1.28%)

16:50
09/20/19
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Conference/Events
Monolithic Power participates in a conference call with Loop Capital »

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  • 02

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AAPL

Apple

$217.69

-3.22 (-1.46%)

16:45
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Breaking Periodicals news story on Apple »

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IDA

IDACORP

$111.26

0.93 (0.84%)

16:36
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IDACORP raises quarterly dividend to 67c from 63c per share »

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  • 10

    Nov

MO

Altria Group

$40.80

0.69 (1.72%)

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EADSY

Airbus

$0.00

(0.00%)

, AL

Air Lease

$42.68

-0.615 (-1.42%)

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Air Lease

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  • 13

    Nov

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Options
Preliminary option volume of 23.5M today »

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PSX

Phillips 66

$103.26

0.14 (0.14%)

16:28
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Phillips 66 says Beaumont oil terminal ops still shut down, Reuters says »

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  • 25

    Oct

POST

Post Holdings

$105.73

0.335 (0.32%)

16:24
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Post files IPO for active nutrition unit BellRing Brands »

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