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BBBY

Bed Bath & Beyond

$12.98

0.89 (7.36%)

, AMZN

Amazon.com

$1,730.79

11.115 (0.65%)

08:48
10/12/19
10/12
08:48
10/12/19
08:48

Bed Bath & Beyond not a bargain, Barron's says

While Bed Bath & Beyond (BBBY) might offer some good bargains, its stock doesn't look like a bargain after soaring following the appointment of a new CEO, Ben Levisohn writes in this week's edition of Barron's. Same-stores sales have dropped by more than 6% in the past two quarters, while revenue is expected to decline by 5.7% in fiscal 2020, the author notes, adding that for Bed Bath & Beyond to compete online with the likes of Amazon (AMZN), it also needs to lower its prices. But perhaps the biggest reason for caution is that Bed Bath & Beyond is not Target (TGT), Levisohn contends, pointed out that the stock may have gotten ahead of itself. Reference Link

BBBY

Bed Bath & Beyond

$12.98

0.89 (7.36%)

AMZN

Amazon.com

$1,730.79

11.115 (0.65%)

TGT

Target

$111.86

1.29 (1.17%)

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BBBY Bed Bath & Beyond
$12.98

0.89 (7.36%)

10/08/19
MSCO
10/08/19
NO CHANGE
Target $12
MSCO
Equal Weight
Bed Bath margins to be 'artificially inflated' for a while, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman noted that Bed Bath & Beyond took a $194M charge related to an inventory write-down in its Q2 GAAP results, which means future markdowns will be netted against this inventory reserve and will not show up as headwinds until the reserve has been exhausted. "In other words...gross margin should be artificially inflated - and not representative of the true level of markdowns in the business - over the next few quarters," said the analyst, who thinks the potential for better than expected headline gross margin performance could serve as a key catalyst for a stock that has greater than 50% short interest. However, he thinks investors should differentiate between Bed Bath's "core gross margin trajectory and artificial, inventory write-down related benefits," Gutman stated. He keeps an Equal Weight rating on Bed Bath shares with a $12 price target.
10/10/19
TLSY
10/10/19
UPGRADE
Target $16
TLSY
Outperform
Bed Bath & Beyond upgraded to Outperform from Market Perform at Telsey Advisory
Telsey Advisory analyst Cristina Fernandez upgraded Bed Bath & Beyond to Outperform from Market Perform with a price target of $16, up from $14.
10/10/19
MSCO
10/10/19
NO CHANGE
Target $12
MSCO
Equal Weight
Bed Bath CEO hiring could prompt short squeeze, says Morgan Stanley
Morgan Stanley analyst Simeon Gutman said selecting Mark Tritton, formerly of Target (TGT), was "a high quality hire" for Bed Bath & Beyond (BBBY) and "a clear win" that could prompt the stock to squeeze above his unchanged $12 price target in the near-term. However, he thinks concerns will linger and while the bull case may come back into focus over the longer-term, the execution risk remains high. Gutman keeps an Equal Weight rating on Bed Bath & Beyond shares.
10/10/19
10/10/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Apple (AAPL) upgraded to Buy from Neutral at Longbow with analyst Shawn Harrison saying his contacts, who previously gave him initial conservative forecasts for up to a 10% year-over-year decline in iPhone production in the calendar third quarter, now see flat production in the period of Apple's fiscal fourth quarter. 2. Qorvo (QRVO) and Skyworks (SWKS) upgraded to Outperform from Market Perform at Cowen. 3. Allegheny Technologies (ATI) upgraded to Buy from Neutral at Goldman Sachs with analyst Matthew Korn saying Allegheny is one of few stocks in the sector with sales growth that does not depend on a commodity price recovery. 4. Bed Bath & Beyond (BBBY) upgraded to Outperform from Market Perform at Telsey Advisory. 5. Morgan Stanley (MS) upgraded to Buy from Hold at Sandler O'Neill with analyst Jeffery Harte citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage click here.
AMZN Amazon.com
$1,730.79

11.115 (0.65%)

10/08/19
PIPR
10/08/19
NO CHANGE
Target $2225
PIPR
Overweight
Piper teen survey shows increase in Amazon mindshare
Piper Jaffray's Fall survey of 9,500 teens showed an increase in Amazon mindshare, 52% from 50% in the Spring, and that Prime adoption, once again, increased, analyst Michael Olson tells investors in a research note. 78% of respondents indicated their family had a Prime membership versus 76% in the Spring of 2019 and 74% in Fall of 2018, says the analyst. Olson believes the survey indicates that the number of U.S. Prime households would be in the 88M range. This "massive scale is an ongoing competitive differentiator and will continue to make it difficult for competitors to gain significant traction," contends Olson. He reiterates an Overweight rating on Amazon shares with a $2,225 price target.
10/08/19
WOLF
10/08/19
INITIATION
Target $2234
WOLF
Outperform
Amazon.com assumed with an Outperform rating at Wolfe Research
Wolfe Research analyst Chris Bottiglieri assumed coverage of Amazon.com with an Outperform rating and $2,234 price target.
10/09/19
MSCO
10/09/19
NO CHANGE
MSCO
CIOs see continued pressure on IT budgets in 2020, says Morgan Stanley
Morgan Stanley analysts Katy Huberty, James Faucette and Keith Weiss noted that rising economic uncertainty has been reflected in the firm's past several CIO surveys, with 2019 overall IT budget growth expectations falling for 4 straight quarters. In keeping with that trend, 53% of the CIOs surveyed by the firm expect lower IT budget growth in 2020 and their composite initial read on 2020 IT spending calls for a 100 basis points growth deceleration, the firm's U.S. tech team stated in a note to investors. Among those surveyed, Amazon (AMZN) and Microsoft (MSFT) are seen as having taken over the lead in Artificial Intelligence and Machine Learning while IBM (IBM) "maintains strong mind share," the analysts said. The team continues to favor companies they see as well positioned for key secular trends with good valuation, such as Microsoft, Adobe (ADBE) and Salesforce (CRM), while they are more cautious on legacy players at risk of losing share as organizations move to the cloud, like Symantec (SYMC) and VMware (VMW).
10/09/19
WELS
10/09/19
NO CHANGE
Target $80
WELS
Outperform
Cerner sees AWS deal as 'transformative' for company, clients, says Wells Fargo
After attending Cerner (CERN) user conference where a big theme was the AWS (AMZN) partnership announced back in July, Wells Fargo analyst Jamie Stockton notes that the company positioned this deal as transformative for Cerner and its clients. In one session, management mentioned in would take about three years to fully port Millennium over, but in another the company said the VA and DoD would not transition to AWS for a long time, he adds. The analyst has an Outperform rating and a $80 price target on Cerner's shares.
TGT Target
$111.86

1.29 (1.17%)

10/01/19
BOFA
10/01/19
NO CHANGE
BOFA
Top 10 US Ideas for Q4 at BofA/Merrill
BofA/Merrill introduced the Top 10 US Ideas for Q4 2019. The list's seven Buys are Aramark (ARMK), Salesforce (CRM), Disney (DIS), Dover (DOV), New York Community Bancorp (NYCB), Raytheon (RTN), and Target (TGT). Underperform's are Floor & Decor (FND), Gap (GPS), and Terex (TEX).
10/08/19
10/08/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Target (TGT) initiated with a Strong Buy at Raymond James . 2. Tyler Technologies (TYL) initiated with an Outperform rating at Oppenheimer. 3. Kirkland Lake Gold (KL) initiated with a Neutral rating at Credit Suisse. 4. Blackstone (BX) and BlackRock (BLK) initiated with a Market Perform at BMO Capital. 5. Floor & Decor (FND) initiated with a Strong Buy at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/07/19
RAJA
10/07/19
INITIATION
RAJA
Strong Buy
Target initiated with a Strong Buy at Raymond James
Raymond James analyst Matthew McClintock initiated Target (TGT) with a Strong Buy rating and $130 price target. In a research note titled 'Targeting the Retail Apocalypse Bears and Winning,' McClintock said that Target is "well positioned to take market share" from weaker retailers, and sees annual EPS growth of high-single-digit to 10% for the retailer going forward. The analyst also noted that Target, through its Shipt acquisition, has same day delivery, beating Amazon's (AMZN) next-day delivery.
10/07/19
RAJA
10/07/19
INITIATION
RAJA
Strong Buy
Target initiated with a Strong Buy at Raymond James

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AT&T

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OMAB

OMA

$52.10

0.47 (0.91%)

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OMA reports Q3 net income MXN858M vs. MXN725M last year »

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MAR

Marriott

$120.57

-0.55 (-0.45%)

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Marriott near deal for Elegant Hotels valued up to GBP1 / shr, Bloomberg says »

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SPY

SPDR S&P 500 ETF Trust

$299.19

0.78 (0.26%)

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18:08
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NY Fed's Williams Condition in money markets highly volatile over past month »

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General Motors

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17:47
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GM strike to continue until deal with UAW is ratified, WSJ says »

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T

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$37.82

0.03 (0.08%)

17:37
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AT&T, Elliott Management in talks to resolve activist campaign, WSJ reports »

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WAL

Western Alliance

$46.24

0.53 (1.16%)

17:27
10/17/19
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17:27
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17:27
Earnings
Western Alliance reports Q3 EPS $1.24, consensus $1.19 »

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RNLSY

Renault

$0.00

(0.00%)

17:25
10/17/19
10/17
17:25
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17:25
Downgrade
Renault rating change  »

Renault downgraded to…

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LOVE

Lovesac

$19.10

0.63 (3.41%)

17:24
10/17/19
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17:24
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17:24
Hot Stocks
Park West Management reports 5.1% passive stake in Lovesac »

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T

AT&T

$37.82

0.03 (0.08%)

17:24
10/17/19
10/17
17:24
10/17/19
17:24
Periodicals
Breaking Periodicals news story on AT&T »

AT&T in discussions…

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ATVI

Activision Blizzard

$55.60

0.01 (0.02%)

17:16
10/17/19
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17:16
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17:16
Hot Stocks
Activision says Call of Duty to get 'battle pass' feature, 'not loot box system' »

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:11
10/17/19
10/17
17:11
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17:11
Hot Stocks
Brandywine Realty sees FY19 year-end core occupancy at 94%-95% »

Also sees FY20 year-end…

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:10
10/17/19
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Hot Stocks
Brandywine Realty reports Q3 same-store net operating income up 0.6% »

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:09
10/17/19
10/17
17:09
10/17/19
17:09
Earnings
Brandywine Realty sees FY20 initial FFO $1.41-$1.51, consensus $1.46 »

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  • 18

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GIL

Gildan Activewear

$35.38

0.095 (0.27%)

17:08
10/17/19
10/17
17:08
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17:08
Earnings
Gildan Activewear cuts FY19 adj. EPS view to $1.65-$1.70 from $1.95-$2.00 »

Consensus $1.97. Cuts…

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
10/17
17:07
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17:07
Earnings
Brandywine Realty narrows FY19 FFO guidance to $1.41-$1.43 from $1.40-$1.44 

Consensus $1.42.

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BDN

Brandywine Realty

$14.68

0.13 (0.89%)

17:07
10/17/19
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17:07
Earnings
Brandywine Realty reports Q3 FFO 36c, consensus 36c »

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GIL

Gildan Activewear

$35.38

0.095 (0.27%)

17:06
10/17/19
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17:06
Earnings
Gildan Activewear sees Q3 adjusted EPS roughly 53c, consensus 57c »

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ISRG

Intuitive Surgical

$529.22

-1.25 (-0.24%)

17:04
10/17/19
10/17
17:04
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17:04
Hot Stocks
Intuitive Surgical increases FY19 procedure growth view to 17%-18% from 16%-17% »

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SAVE

Spirit Airlines

$36.70

0.645 (1.79%)

17:01
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17:01
Hot Stocks
Spirit Airlines announces $250M global HQ investment »

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ICBK

County Bancorp

$19.38

0.065 (0.34%)

17:01
10/17/19
10/17
17:01
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17:01
Earnings
County Bancorp reports Q3 EPS 82c, consensus 49c »

"We are very pleased…

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QTNT

Quotient

$7.87

0.08 (1.03%)

16:59
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Quotient sees Q2 revenue higher than guided on positive IH microarray data »

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BA

Boeing

$369.13

-3.19 (-0.86%)

16:59
10/17/19
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16:59
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16:59
Periodicals
Emirates exec says Boeing 777X delays may affect fleet plans, Reuters says »

Emirates president Tim…

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ARMK

Aramark

$44.22

0.41 (0.94%)

, GM

General Motors

$36.20

-0.45 (-1.23%)

16:55
10/17/19
10/17
16:55
10/17/19
16:55
Periodicals
UAW reaches tentative pact with Aramark workers at GM plants, Reuters says »

The United Auto Workers…

ARMK

Aramark

$44.22

0.41 (0.94%)

GM

General Motors

$36.20

-0.45 (-1.23%)

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  • 29

    Oct

ISRG

Intuitive Surgical

$529.22

-1.25 (-0.24%)

16:54
10/17/19
10/17
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16:54
Hot Stocks
Intuitive Surgical says 79% of systems placed in Q3 were da Vinci XIs »

Says surgical simulation…

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