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CVET

Covetrus

$14.93

1.44 (10.67%)

18:41
11/15/19
11/15
18:41
11/15/19
18:41

Covetrus CEO: We're a leader in the humanization of pets

In an interview on CNBC's Mad Money, Covetrus CEO Ben Wolin said: We have over 100,000 customers in a massive, growing market... We are uniquely positioned... We are making progress in fixing our mistakes... We had far too many initiatives... We need to slow down to speed up... Recent quarterly charges have nothing to do with the potential for this company.

CVET Covetrus
$14.93

1.44 (10.67%)

05/23/19
GUGG
05/23/19
INITIATION
GUGG
Neutral
Covetrus initiated with a Neutral at Guggenheim
Guggenheim analyst David Westenberg initiated coverage on 10 companies in animal health, starting Covetrus with a Neutral rating. While an industry leader in Practice Management, the stock's current valuation is "tough" and its "has to earn a non-distributor multiple," said Westenberg, who notes that 93% of the company's 2019 revenue is estimated to come from distribution.
08/14/19
WBLR
08/14/19
NO CHANGE
WBLR
Outperform
Covetrus risk/reward 'intriguing' after selloff, says William Blair
The risk/reward profile on Covetrus shares over the next 12 months is "intriguing" at these levels despite the disappointing execution relative to guidance this year, William Blair analyst John Kreger tells investors in a research note. Covetrus yesterday reported a "mediocre" Q2 second and significantly lowered its earnings outlook for the full year, adds the analyst. While admitting there are now "serious questions" around the merger and management's credibility, placing the stock in a "show-me mode" for at least the next three months, Kreger reiterates an Outperform rating on Covetrus shares.
08/14/19
STFL
08/14/19
NO CHANGE
Target $18
STFL
Hold
Covetrus price target lowered to $18 from $30 at Stifel
Stifel analyst Jonathan Block said the magnitude of Covetrus guidance revision "was clearly surprising," noting that headwinds cited by the company include more modest North American market growth expectations and international events like Brexit. The analyst, whose 2022 adjusted EBITDA estimate is now $297M, down from $404M previously, lowered his price target on Covetrus shares to $18 from $30 and keeps a Hold rating on the stock.
09/09/19
GSCO
09/09/19
INITIATION
Target $11
GSCO
Sell
Covetrus initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Nathan Rich started Covetrus with a Sell rating and $11 price target. The analyst is concerned that "mounting" competitive pressure for pet pharmacy could cause the company's profitability ramp and synergies expected from the Vets First Choice platform to be pushed out. Further, more investment may be needed for its international expansion than currently contemplated, he says. Rich initiated coverage of the Animal Health industry and recommends a selective approach. The positive long-term fundamental drivers of the industry, particularly in the companion animal space, appear increasingly reflected in valuations, the analyst tells investors in a research note.

TODAY'S FREE FLY STORIES

TFX

Teleflex

$353.75

-3.65 (-1.02%)

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Teleflex management to meet with William Blair »

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ACM

Aecom

$42.69

0.32 (0.76%)

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STX

Seagate

$57.61

0.49 (0.86%)

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Seagate management to meet with Loop Capital »

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  • 11

    Dec

  • 07

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ACM

Aecom

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SONO

Sonos

$13.50

-0.12 (-0.88%)

06:32
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Sonos management to meet with DA Davidson »

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  • 11

    Dec

AIT

Applied Industrial Technologies

$63.84

-0.35 (-0.55%)

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CI

Cigna

$191.74

-4.15 (-2.12%)

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  • 06

    Feb

URI

United Rentals

$153.77

-2.2 (-1.41%)

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06:27
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LRCX

Lam Research

$269.10

2.19 (0.82%)

, MKSI

MKS Instruments

$106.68

1.45 (1.38%)

06:26
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LRCX

Lam Research

$269.10

2.19 (0.82%)

MKSI

MKS Instruments

$106.68

1.45 (1.38%)

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  • 12

    Dec

AEE

Ameren

$74.58

0.6 (0.81%)

06:22
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AMZN

Amazon.com

$1,739.15

-10.46 (-0.60%)

06:21
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U.K. CMA says Amazon's Deliveroo investment raises competition concerns »

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TSLA

Tesla

$348.82

9.35 (2.75%)

06:19
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  • 07

    Jan

PCG

PG&E

$12.33

1.28 (11.58%)

06:19
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06:19
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06:19
Recommendations
Citi boosts PG&E target to $10.50, says no chance of zero stock price now »

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  • 07

    Jan

TSLA

Tesla

$348.82

9.35 (2.75%)

06:16
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Periodicals
Tesla to raise prices of imported Model 3s in China, Reuters reports »

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  • 07

    Jan

OLLI

Ollie's Bargain Outlet

$60.28

(0.00%)

06:14
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TSLA

Tesla

$348.82

9.35 (2.75%)

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Periodicals
Tesla plans to build 500,000 vehicles per year at German factory, Reuters says »

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  • 07

    Jan

PBPB

Potbelly

$4.50

0.08 (1.81%)

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BA

Boeing

$347.86

-3.39 (-0.97%)

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FAA chief Dickson to testify before Congress on Boeing 737 MAX, Reuters reports »

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CNST

Constellation Pharmaceuticals

$35.58

-0.57 (-1.58%)

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  • 11

    Dec

RCKT

Rocket Pharmaceuticals

$24.22

1.22 (5.30%)

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CI

Cigna

$191.74

-4.15 (-2.12%)

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  • 06

    Feb

SYBX

Synlogic

$2.75

0.28 (11.34%)

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Synlogic obtains maximum dosage for phenylketonuria candidate »

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DIN

Dine Brands

$82.00

1.2 (1.49%)

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  • 11

    Dec

EHC

Encompass Health

$71.78

0.17 (0.24%)

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GEL

Genesis Energy

$20.15

1.13 (5.94%)

, MUR

Murphy Oil

$24.92

-0.06 (-0.24%)

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GEL

Genesis Energy

$20.15

1.13 (5.94%)

MUR

Murphy Oil

$24.92

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  • 11

    Dec

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