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TGT

Target

$125.29

-0.61 (-0.48%)

, WMT

Walmart

$119.23

0.46 (0.39%)

06:23
12/02/19
12/02
06:23
12/02/19
06:23

Retailers look to adapt as fewer shoppers visit stores, WSJ reports

Target (TGT), Walmart (WMT), Best Buy (BBY) and others are trying to adapt to a world where shopper behavior is changing and competition for online spending is intense, The Wall Street Journal's Sarah Nassauer reports. According to ShopperTrak, which uses cameras to count traffic in a range of U.S. stores, foot traffic to U.S. stores fell about 6.2% on Black Friday, as more people ordered online or went to stores on Thanksgiving Day, when visits increased 2.3%, while Adobe Analytics, which tracks hundreds of retail websites, said online sales reached $7.4B on Black Friday. Reference Link

TGT

Target

$125.29

-0.61 (-0.48%)

WMT

Walmart

$119.23

0.46 (0.39%)

BBY

Best Buy

$80.65

-0.08 (-0.10%)

TGT Target
$125.29

-0.61 (-0.48%)

11/21/19
BUCK
11/21/19
NO CHANGE
Target $145
BUCK
Buy
Target price target raised to $145 from $131 at Buckingham
Buckingham analyst Bob Summers raised his price target for Target to $145 from $131 and reiterated a Buy rating following the company's Q3 results, saying he remains constructive on the shares and expects the stock to further re-rate higher. In a research note to investors, Summers says the company is poised to continue to gain market share and sustain current operating momentum with respect to both sales and margins and should be viewed as a winner in the shifting retail landscape, and feels ongoing initiatives like branded partnerships will drive growth and improvement over the foreseeable future and create the prospect of further valuation expansion augmented by an upward bias to earnings estimates.
11/21/19
RAJA
11/21/19
NO CHANGE
Target $150
RAJA
Strong Buy
Target price target raised to $150 from $130 at Raymond James
Raymond James analyst Matthew McClintock raised his price target for Target (TGT) to $150 from $130 and maintained a Strong Buy rating following the company's Q3 results, saying this quarter will likely force many investors to re-evaluate their longer-term view of the Target story. He also expects investors to increasingly use the current valuation of Walmart (WMT) as a potential upside case for Target, particularly given Target's "superior" underlying metrics.
11/21/19
KEYB
11/21/19
NO CHANGE
Target $140
KEYB
Overweight
Target price target raised to $140 from $130 at KeyBanc
KeyBanc analyst Edward Yruma raised his price target for Target to $140 from $130, saying Target's Q3 results affirm his thesis that it can take market share and grow margin due to favorable mix. Yruma tells investors in a research note that he thinks Target is uniquely positioned to take share and says Target is one of the best-positioned in his coverage. He keeps an Overweight rating on the shares.
11/29/19
RAJA
11/29/19
NO CHANGE
RAJA
Holiday shopping season appears to have started out strong, says Raymond James
Raymond James analyst Matthew McClintock said his checks on Thursday evening indicate that physical store traffic was strong at both Best Buy (BBY) and Target (TGT), which he thinks "should be viewed as even more impressive than initial indications that e-commerce sales have been stronger than expected." He also noted that some retailers had such strong e-commerce traffic that website performance suffered, listing Facebook (FB), Nordstrom (JWN) and Costco (COST) as some examples. The Fly notes that the S&P Retail Index SPDR (XRT) may react today to headlines regarding checks on retail spending on Thanksgiving and Black Friday.
WMT Walmart
$119.23

0.46 (0.39%)

11/15/19
RAJA
11/15/19
NO CHANGE
Target $130
RAJA
Outperform
Walmart price target raised to $130 from $120 at Raymond James
Raymond James analyst Bobby Griffin raised his price target for Walmart to $130 from $120 and reiterated an Outperform rating, saying the company's Q3 earnings reinforces his view that the topline momentum across its U.S. business can be sustained, even versus challenging comparisons and with recent progress in eCommerce margins, the cost curve is starting to bend in the right direction heading into FY21. Griffin tells investors in a research note that he believes that the consistency of management's execution over the last year plus, improving eCommerce performance and the strength of the company's financial position justifies a higher valuation.
11/15/19
BOFA
11/15/19
NO CHANGE
Target $160
BOFA
Buy
Roku price target raised to $160 from $150 at BofA/Merrill
BofA/Merrill analyst Ziv Israel noted that Roku (ROKU) announced a variety of Black Friday offers and discounts on Roku streaming devices, content promotions, and the temporary availability of the Roku SE streaming player exclusively at Walmart (WMT). The company also announced three new smart TV models sold under the Walmart house brand that he estimates are currently priced at about half of TVs with similar attributes. The lower device average selling prices and new smart TV offerings provide a "solid setup for outsized Q4 account growth," contends Israel, who reiterates a Buy rating and raised his price target to $160 on Roku shares.
11/15/19
GUGG
11/15/19
NO CHANGE
Target $135
GUGG
Buy
Walmart price target raised to $135 from $125 at Guggenheim
Guggenheim analyst Robert Drbul noted that both Walmart's EPS and U.S. e-commerce growth topped his estimates in Q3, although U.S. comp growth was about 30 basis points below his estimate. In total, he continues to be impressed by the company's "astute navigation" of the current economic environment, leading position in grocery, and focus on expenses and he raised his price target on the stock to $135 from $125 as he believes it warrants a more premium multiple. Drbul keeps a Buy rating on Walmart.
11/15/19
JEFF
11/15/19
NO CHANGE
Target $137
JEFF
Buy
Walmart price target raised to $137 from $127 at Jefferies
Jefferies analyst Christopher Mandeville raised his price target for Walmart to $137 from $127 and keeps a Buy rating on the shares following the company's Q3 results. The analyst believes Walmart remains well positioned for continued market share gains. Further, its 15-year high valuation is justified given its momentum and core EBIT expansion visibility, contends Mandeville.
BBY Best Buy
$80.65

-0.08 (-0.10%)

11/27/19
FBCO
11/27/19
NO CHANGE
Target $78
FBCO
Neutral
Credit Suisse surprised by post-earnings rally in Best Buy shares
Credit Suisse analyst Seth Sigman finds the 10% post-earnings rally yesterday in shares of Best Buy surprising. While there seemed to be some comp concerns into the print, the composition of results "should not have been a thesis changing quarter," Sigman tells investors in a research note. He keeps a Neutral rating on Best Buy with a $78 price target.
11/27/19
GUGG
11/27/19
NO CHANGE
Target $90
GUGG
Buy
Best Buy price target raised to $90 from $80 at Guggenheim
Guggenheim analyst Steven Forbes sees Best Buy's third quarter, with results that broadly topped his expectations, as "validating" and believes the potential acceleration in consumer electronics industry growth as well as the company's ongoing cost saving initiatives give "substantial cover" against any sustained, tariff-related margin headwind. Even following the stock's year-to-date outperformance, Best Buy still has one of the lowest Buy recommendation ratios and valuations among its large-cap retail peers, according to Forbes, who would expect its multiple to rise from here. He raised his price target on Best Buy shares to $90 from $80 and keeps a Buy rating on the stock.
11/27/19
RBCM
11/27/19
NO CHANGE
Target $86
RBCM
Sector Perform
Best Buy price target raised to $86 from $74 at RBC Capital
RBC Capital analyst Scot Ciccarelli raised his price target on Best Buy to $86 after its "solid" Q3 domestic comp of up 2% and an earnings beat featuring "strong" operating leverage. The analyst still keeps his Sector Perform rating on the stock however, noting that while the management's guidance "attempts to assume" the worst case scenario for tariffs, he believes that deteriorating Consumer Electronics category trends and a volatile holiday spending environment warrants a "more cautious stance".

TODAY'S FREE FLY STORIES

ALGT

Allegiant Travel

$172.80

0.57 (0.33%)

11:06
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Allegiant Travel reports November scheduled service RPMs up 1.6% »

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HII

Huntington Ingalls

$251.05

-0.74 (-0.29%)

11:05
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Huntington Ingalls appoints Bharat Amin as EVP, CIO »

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CIEN

Ciena

$35.35

0.65 (1.87%)

11:05
12/11/19
12/11
11:05
12/11/19
11:05
Options
Ciena call volume above normal and directionally bullish »

Bullish option flow…

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  • 12

    Dec

AMZN

Amazon.com

$1,738.75

-0.4 (-0.02%)

11:01
12/11/19
12/11
11:01
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11:01
Periodicals
Alexa devices sell out in parts of Europe before Christmas, Bloomberg reports »

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EVER

EverQuote

$34.09

-1.95 (-5.41%)

11:01
12/11/19
12/11
11:01
12/11/19
11:01
On The Fly
EverQuote down after Bonitas says it expects stock to drop to about $5 »

Shares of EverQuote…

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11:01
12/11/19
12/11
11:01
12/11/19
11:01
Conference/Events
JPMorgan banking analyst to hold an analyst/industry conference call »

U.S. Mid & Small Cap…

LOGM

LogMeln

$74.20

0.24 (0.32%)

10:59
12/11/19
12/11
10:59
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10:59
Hot Stocks
Breaking Hot Stocks news story on LogMeln 

LogMein trading resumes

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LOGM

LogMeln

$74.20

0.24 (0.32%)

10:58
12/11/19
12/11
10:58
12/11/19
10:58
Hot Stocks
LogMeln up 6% after report of private equity takeover talks »

Shares of LogMeIn are up…

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LOGM

LogMeln

$74.20

0.24 (0.32%)

10:55
12/11/19
12/11
10:55
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10:55
Periodicals
PE firms in talks to buy LogMeln, Bloomberg says »

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SDC

SmileDirectClub

$7.89

-0.06 (-0.75%)

10:55
12/11/19
12/11
10:55
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10:55
Options
SmileDirectClub put volume heavy and directionally bearish »

Bearish flow noted in…

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SWI

SolarWinds

$18.07

-0.11 (-0.61%)

10:55
12/11/19
12/11
10:55
12/11/19
10:55
Conference/Events
SolarWinds to host analyst & investor day »

Analyst & Investor…

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  • 11

    Dec

LOGM

LogMeln

$74.20

0.24 (0.32%)

10:54
12/11/19
12/11
10:54
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10:54
Hot Stocks
Breaking Hot Stocks news story on LogMeln »

LogMein trading halted,…

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XP

XP

$0.00

(0.00%)

10:53
12/11/19
12/11
10:53
12/11/19
10:53
Syndicate
Breaking Syndicate news story on XP »

XP indicated to open at…

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  • 11

    Dec

MNST

Monster Beverage

$62.03

0.51 (0.83%)

10:45
12/11/19
12/11
10:45
12/11/19
10:45
Options
Monster Beverage call volume above normal and directionally bullish »

Bullish option flow…

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10:45
12/11/19
12/11
10:45
12/11/19
10:45
General news
Energy Action: WTI crude »

Energy Action: WTI crude…

CI

Cigna

$190.86

-0.88 (-0.46%)

, CVS

CVS Health

$73.06

-0.11 (-0.15%)

10:42
12/11/19
12/11
10:42
12/11/19
10:42
On The Fly
Cigna downgrade, Apple, PC&G target raises among today's top calls »

Check out today's top…

CI

Cigna

$190.86

-0.88 (-0.46%)

CVS

CVS Health

$73.06

-0.11 (-0.15%)

AMZN

Amazon.com

$1,740.89

1.74 (0.10%)

NFLX

Netflix

$298.30

5.09 (1.74%)

UPS

UPS

$117.55

-0.94 (-0.79%)

PCG

PG&E

$12.94

0.61 (4.95%)

AAPL

Apple

$270.44

1.82 (0.68%)

03/08/13
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03/08/13
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03/06/13
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  • 07

    Jan

  • 06

    Feb

ALKS

Alkermes

$21.49

-0.08 (-0.37%)

10:40
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Hot Stocks
FDA issues warning letter to Alkermes over print ad for Vivitrol »

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NLOK

NortonLifeLock

$26.39

0.1 (0.38%)

10:35
12/11/19
12/11
10:35
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10:35
Options
NortonLifeLock put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 19

    Dec

EVER

EverQuote

$35.00

-1.04 (-2.89%)

10:33
12/11/19
12/11
10:33
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10:33
Periodicals
EverQuote named as short idea by Bonitas Research 

Reference Link

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XP

XP

$0.00

(0.00%)

10:30
12/11/19
12/11
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Syndicate
Breaking Syndicate news story on XP »

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  • 11

    Dec

USO

United States Oil Fund

$12.35

-0.04 (-0.32%)

10:30
12/11/19
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General news
Crude inventories for week of December 6 »

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CI

Cigna

$191.14

-0.6 (-0.31%)

, MET

MetLife

$49.25

-0.04 (-0.08%)

10:28
12/11/19
12/11
10:28
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10:28
On The Fly
Street Fight: Cigna sparks analyst debate over PillPack news, possible unit sale »

Shares of Cigna (CI) are…

CI

Cigna

$191.14

-0.6 (-0.31%)

MET

MetLife

$49.25

-0.04 (-0.08%)

SLF

Sun Life Financial

$44.82

0.04 (0.09%)

WBA

Walgreens Boots Alliance

$57.92

-0.48 (-0.82%)

WCG

WellCare

$317.16

-2.3 (-0.72%)

ACHC

Acadia

$31.73

-0.37 (-1.15%)

EHC

Encompass Health

$70.90

-0.88 (-1.23%)

ANTM

Anthem

$281.14

-2.45 (-0.86%)

03/08/13
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  • 12

    Dec

  • 08

    Jan

  • 06

    Feb

  • 13

    Feb

XP

XP

$0.00

(0.00%)

10:24
12/11/19
12/11
10:24
12/11/19
10:24
Syndicate
XP indicated to open at $34.00, IPO priced at $27.00 »

XP (XP) priced 72.5M…

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  • 11

    Dec

10:22
12/11/19
12/11
10:22
12/11/19
10:22
Conference/Events
JPMorgan healthcare tech analyst to hold an analyst/industry conference call »

Healthcare Technology…

F

Ford

$9.12

0.045 (0.50%)

10:20
12/11/19
12/11
10:20
12/11/19
10:20
Options
Long-dated put sale in Ford sold tied to hedge possibly closes »

Long-dated put sale in…

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  • 07

    Jan

  • 04

    Feb

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