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KR

Kroger

$28.46

0.1 (0.35%)

, AMZN

Amazon.com

$1,895.65

12.95 (0.69%)

14:03
01/13/20
01/13
14:03
01/13/20
14:03

Albertsons preparing again for an IPO, WSJ says

Albertsons is preparing to go public again, The Wall Street Journal's Jaewon Kang and Sharon Terlep write, citing people familiar with the matter. The company expects to decide in coming weeks whether to proceed with an initial public offering that could value it around $19B, one of the people said. The grocery chain has been remodeling its locations, investing in technology and selling real estate, outpacing its bigger rival Kroger (KR), the authors note, while pointing out that multiples in the sector have fallen amid competition from Amazon (AMZN) and Walmart's (WMT) push into grocery delivery. Reference Link

KR

Kroger

$28.46

0.1 (0.35%)

AMZN

Amazon.com

$1,895.65

12.95 (0.69%)

WMT

Walmart

$115.52

-0.85 (-0.73%)

  • 10

    Feb

KR Kroger
$28.46

0.1 (0.35%)

11/08/19
UBSW
11/08/19
INITIATION
Target $85
UBSW
Neutral
Beyond Meat initiated with a Neutral at UBS
UBS analyst Steven Strycula initiated coverage of Beyond Meat (BYND) with a Neutral rating and $85 price target. The analyst is positive on the company's first-mover advantage in "plant-based meat" industry that offers "favorable" growth trends of low penetration and high total addressable market. Strycula notes however that the valuation on the stock looks full and new competitive threats may emerge from "Impossible, Kroger (KR), etc."
12/12/19
12/12/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Home Depot (HD) upgraded to Outperform from Neutral at Credit Suisse with analyst Seth Sigman saying he believes Home Depot offers an attractive risk/reward after its recent pullback and Wednesday's guidance reset, with optionality on improving external and internal drivers in FY20. 2. General Electric (GE) upgraded to Buy from Neutral at UBS with analyst Markus Mittermaier saying the shares are at a "positive inflection point" into 2020 given GE's successful de-levering, "strong" estimated earnings growth in 2020 and 2021, and a tripling of free cash flow to $2.3B next year led by Aviation and Healthcare. 3. Starbucks (SBUX) upgraded to Overweight from Neutral at JPMorgan with analyst John Ivankoe saying he sensed a high degree of confidence that Starbucks' "growth at scale" agenda is working in the near and medium term, meeting if not exceeding set sales and margin objectives. 4. Kroger (KR) upgraded to Outperform from In Line at Evercore ISI. 5. EST FedEx (FDX) upgraded to Neutral from Sell at UBS with analyst Thomas Wadewitz saying his Sell thesis has essentially played out as fiscal 2020 earnings expectations have fallen sharply and the stock has also moved down. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/12/19
EVER
12/12/19
UPGRADE
EVER
Outperform
Kroger upgraded to Outperform from In Line at Evercore ISI
Evercore ISI analyst Michael Montani upgraded Kroger to Outperform from In Line.
11/13/19
DBAB
11/13/19
UPGRADE
Target $27
DBAB
Hold
Kroger upgraded to Hold from Sell at Deutsche Bank (yesterday)
Deutsche Bank analyst Paul Trussell yesterday morning upgraded Kroger to Hold from Sell with a price target of $27, up from $22. The analyst believes the company's digital offerings are gaining traction and he's also incrementally more positive on the food retail sector.
AMZN Amazon.com
$1,895.65

12.95 (0.69%)

01/09/20
JMPS
01/09/20
NO CHANGE
JMPS
Market Perform
Uber the most likely buyer if GrubHub gets sold, says JMP Securities
After The Wall Street Journal reported yesterday that Grubhub (GRUB) has hired advisors to consider potential strategic options, JMP Securities analyst Ronald Josey said he is "not surprised" given his view that Grubhub has meaningful strategic value. Should Grubhub be acquired, he views Uber (UBER) as the most likely acquirer, but he also believes other bidders could include DoorDash, Amazon (AMZN), Booking (BKNG) and possibly some European food delivery companies. Using Takeaway.com's announced acquisition of Just Eat as a proxy would imply Grubhub could be acquired for about $70 per share, but Josey believes Grubhub could be acquired at a higher multiple given its position in the U.S. market and strategic value. He maintains a Market Perform rating on Grubhub shares.
01/09/20
BERN
01/09/20
INITIATION
Target $2050
BERN
Market Perform
Amazon.com initiated with a Market Perform at Bernstein
Bernstein initiated coverage of Amazon.com with a Market Perform rating and $2,050 price target.
01/10/20
BERN
01/10/20
INITIATION
Target $2050
BERN
Market Perform
Amazon.com initiated with a Market Perform at Bernstein
Bernstein analyst Mark Shmulik initiated coverage of Amazon.com with a Market Perform rating and $2,050 price target as part of a broader initiation of the U.S. Internet sector with a generally positive outlook. Shmulik tells investors that Cloud market growth of 20%+ y/y is healthy, though AWS is partially challenged by intensifying competition and potential pricing and margin compression. He likes the ad business, which is likely to be accretive to overall growth. At the same time, Shmulik says he expects investments and regulatory overhang to weigh on the bottom-line, with our EBIT dollar forecast -9% below consensus in 2022. The analyst says that "there is a lot of good here" and he likes the company and management team, but remains on the sidelines with respect to the stock until he sees more ROIC from retail investments and/or Cloud share hold with current economics.
01/10/20
01/10/20
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Facebook (FB), Snap (SNAP), and Alphabet (GOOG, GOOGL) initiated with an Outperform at Bernstein, Amazon.com (AMZN) and Pinterest (PINS) initiated with a Market Perform at Bernstein, while Twitter (TWTR) was initiated with an Underperform at Bernstein. 2. iRhythm (IRTC) initiated with an Outperform at William Blair. 3. ResMed (RMD) initiated with a Perform at Oppenheimer. 4. AGNC Investment (AGNC) initiated with a Neutral at Wedbush. 5. McCormick (MKC) reinstated with a Neutral at BofA. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
WMT Walmart
$115.52

-0.85 (-0.73%)

01/08/20
GDHS
01/08/20
NO CHANGE
GDHS
Gordon Haskett shakes up 'Shades of Grey' portfolio with downgrades, upgrade
Gordon Haskett analysts Chuck Grom, John Parke, and Garrett Greenblatt have updated the firm's 'Shades of Grey' portfolio by downgrading four stocks -- Dollar Tree (DLTR) to Reduce from Accumulate, Five Below (FIVE) to Accumulate from Buy, BJ's (BJ) to Hold from Buy, and Tractor Supply (TSCO) to Accumulate from Buy -- and upgrading one stock -- Nordstrom (JWN) to Accumulate from Hold. They also called Dollar General (DG), Target (TGT), and Walmart (WMT) their top ideas. The analysts said the recalibrations were made "very cautiously" and receommended leaning into the new year slowly until more data is released and we have a better grasp on the Q4 and holiday results, 2020 guidance, and overall positioning. The analysts added that they are "sticking to [their] playbook, which is rooted in identifying companies in good retail verticals with strong company-specific comp/GPM drivers to support profitable market share gains."
01/10/20
CLVD
01/10/20
NO CHANGE
CLVD
Neutral
Cleveland Research lowers Walmart Q4 U.S. comp estimate
Cleveland Research analyst Scott Bender lowered his Q4 U.S. comp growth estimate for Walmart to 2.7% from 2.9%, which he notes is closer to the consensus call for 2.6% growth. His checks suggests overall holiday sales came in a bit softer than he previously expected, noted Bender, who has a Neutral rating on Walmart shares.
12/12/19
EVER
12/12/19
NO CHANGE
EVER
Outperform
Home Depot looks like its 'next' to break out to upside, says Evercore
Evercore ISI analyst Greg Melich noted that Home Depot (HD) reset both sales and margin expectations for 2020 at its analyst day and he believes consensus estimates are likely to come down 3%-5% for 2020 following the event. However, the strength seen in the firm's Home Improvement Lead Indicator leads him to believe Home Depot's sales are likely to accelerate next year and its 3.5%-4% comp sales growth guidance could prove conservative. Walmart (WMT) and Costco (COST) shares have "broken out on upside valuation" based on their high returns, traffic growth, and share gains and "Home Depot looks like the next one to us," concluded Melich, who keeps an Outperform rating on Home Depot shares.
12/31/19
MSCO
12/31/19
NO CHANGE
Target $130
MSCO
Overweight
Walmart price target raised to $130 from $125 at Morgan Stanley
Morgan Stanley analyst Simeon Gutman raised his price target on Walmart shares to $130 from $125, explaining that $3 of the increase is related to higher U.S. brick & mortar EBITDA estimates, $1 is related to lower corporate expenses, $2 is due to other items like net debt and share count and $1 was deducted to account for lower Sam's Club EBITDA. He maintains an Overweight rating on Walmart shares.

TODAY'S FREE FLY STORIES

VRCA

Verrica Pharmaceuticals

$15.94

0.21 (1.34%)

16:12
01/19/20
01/19
16:12
01/19/20
16:12
Hot Stocks
Verrica announces presentation of data from Phase 3 CAMP trials of VP-102 »

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  • 13

    Jul

SO

Southern Company

$67.25

1.08 (1.63%)

, XEL

Xcel Energy

$65.38

0.34 (0.52%)

16:08
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01/19
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Hot Stocks
Southern Power closes sale of Mankato Energy Center to Xcel Energy »

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SO

Southern Company

$67.25

1.08 (1.63%)

XEL

Xcel Energy

$65.38

0.34 (0.52%)

03/08/13
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  • 30

    Jan

LIZI

Lizhi

$11.72

(0.00%)

, DNK

Phoenix Tree

$13.50

(0.00%)

09:10
01/19/20
01/19
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09:10
On The Fly
Opening Day: China's Lizhi, Phoenix Tree flat in trading debut »

Lizhi (LIZI), one of…

LIZI

Lizhi

$11.72

(0.00%)

DNK

Phoenix Tree

$13.50

(0.00%)

VEL

Velocity Financial

$13.58

(0.00%)

IMAB

I-MAB

$12.90

(0.00%)

BSBK

Bogota Financial

$11.70

0.195 (1.70%)

CSPR

Casper Sleep

$0.00

(0.00%)

03/08/13
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03/06/13
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TLGT

Teligent

$0.40

-0.0025 (-0.62%)

15:53
01/18/20
01/18
15:53
01/18/20
15:53
Conference/Events
Teligent to hold a special shareholder meeting »

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03/08/13
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  • 24

    Jan

AYTU

Aytu BioScience

$0.80

0.0014 (0.18%)

15:48
01/18/20
01/18
15:48
01/18/20
15:48
Conference/Events
Aytu BioScience to hold a special shareholder meeting »

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  • 24

    Jan

DVA

DaVita

$79.45

0.43 (0.54%)

15:32
01/18/20
01/18
15:32
01/18/20
15:32
Conference/Events
DaVita to host special shareholder meeting »

Special Shareholder…

03/08/13
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  • 23

    Jan

TSM

TSMC

$58.58

-0.18 (-0.31%)

09:16
01/18/20
01/18
09:16
01/18/20
09:16
Periodicals
Taiwan tech stocks can ignore China's bluster for now, Barron's says »

China's government…

03/08/13
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03/06/13
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03/06/13
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KKR

KKR

$31.20

0.7 (2.30%)

, APO

Apollo Global

$50.35

1.26 (2.57%)

09:03
01/18/20
01/18
09:03
01/18/20
09:03
Periodicals
KKR undervalued compared with peers, Barron's says »

KKR (KKR) gained 50% last…

KKR

KKR

$31.20

0.7 (2.30%)

APO

Apollo Global

$50.35

1.26 (2.57%)

ARES

Ares Management

$37.29

0.47 (1.28%)

BX

Blackstone

$60.79

0.62 (1.03%)

CG

Carlyle Group

$33.30

0.36 (1.09%)

HLNE

Hamilton Lane

$67.25

-0.02 (-0.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 30

    Jan

  • 30

    Jan

  • 31

    Jan

  • 31

    Jan

  • 04

    Feb

  • 04

    Feb

  • 05

    Feb

  • 13

    Feb

  • 17

    Feb

  • 26

    Feb

SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

, TWNK

Hostess Brands

$14.03

0.02 (0.14%)

08:56
01/18/20
01/18
08:56
01/18/20
08:56
Periodicals
'Blank-check' companies hot on Wall Street, Barron's says »

More than a quarter of…

SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

TWNK

Hostess Brands

$14.03

0.02 (0.14%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 25

    Feb

  • 04

    Mar

GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, NFLX

Netflix

$339.56

0.89 (0.26%)

08:47
01/18/20
01/18
08:47
01/18/20
08:47
Periodicals
Peacock's pricing might be 'killer feature,' Barron's says »

This week, Peacock…

GOOG

Alphabet

$1,480.28

28.34 (1.95%)

NFLX

Netflix

$339.56

0.89 (0.26%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 21

    Jan

  • 22

    Jan

  • 23

    Jan

  • 03

    Feb

  • 03

    Feb

  • 10

    Feb

JWN

Nordstrom

$40.34

-0.15 (-0.37%)

, WMT

Walmart

$114.93

-0.96 (-0.83%)

08:36
01/18/20
01/18
08:36
01/18/20
08:36
Periodicals
Casper IPO highlights tech's promise, troubles, Barron' says »

Mattresses have been…

JWN

Nordstrom

$40.34

-0.15 (-0.37%)

WMT

Walmart

$114.93

-0.96 (-0.83%)

CSPR

Casper Sleep

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 21

    Jan

  • 18

    Feb

BA

Boeing

$324.11

-7.89 (-2.38%)

, DDAIF

Daimler AG

$0.00

(0.00%)

08:12
01/18/20
01/18
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08:12
On The Fly
Week in Review: How Trump's policies moved stocks »

Catch up on the top…

BA

Boeing

$324.11

-7.89 (-2.38%)

DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$13.76

-0.14 (-1.01%)

VWAGY

Volkswagen

$0.00

(0.00%)

FSLR

First Solar

$53.51

-0.42 (-0.78%)

AAPL

Apple

$318.66

3.33 (1.06%)

DQ

Daqo New Energy

$53.61

-0.025 (-0.05%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 28

    Jan

  • 29

    Jan

SPOT

Spotify

$148.20

-3.59 (-2.37%)

18:15
01/17/20
01/17
18:15
01/17/20
18:15
Periodicals
Spotify in talks to acquire The Ringer, WSJ reports »

Spotify is in discussions…

03/08/13
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  • 05

    Feb

CE

Celanese

$117.54

-0.53 (-0.45%)

18:00
01/17/20
01/17
18:00
01/17/20
18:00
Hot Stocks
Celanese announces acetyl intermediates price increases »

Celanese Corporation will…

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  • 31

    Jan

BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

17:58
01/17/20
01/17
17:58
01/17/20
17:58
Periodicals
Beyond Meat rival gets green light in Canada, The Star says »

Impossible Foods, a maker…

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DBD

Diebold

$11.09

-0.49 (-4.23%)

17:42
01/17/20
01/17
17:42
01/17/20
17:42
Periodicals
Breaking Periodicals news story on Diebold »

Diebold Nixdorf divests…

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

17:32
01/17/20
01/17
17:32
01/17/20
17:32
General news
Weekly CFTC Commitment of Traders highlights »

2-YEAR U.S. TREASURY net…

IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

0.04 (0.24%)

GLD

SPDR Gold Shares

$146.59

0.29 (0.20%)

FXE

Euro Currency Trust

$105.10

-0.43 (-0.41%)

03/08/13
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UBSFY

Ubisoft

$0.00

(0.00%)

17:32
01/17/20
01/17
17:32
01/17/20
17:32
Periodicals
Ubisoft to restructure editorial team after difficult 2019, VGC reports »

Ubisoft intends to…

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  • 17

    Jan

  • 18

    Feb

IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
01/17/20
01/17
17:27
01/17/20
17:27
Syndicate
Breaking Syndicate news story on Immunovant »

Immunovant files to sell…

03/08/13
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03/06/13
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03/06/13
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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
01/17/20
01/17
17:20
01/17/20
17:20
Syndicate
ToughBuilt files to sell common stock, no amount given »

Maxim acted as sole book…

03/08/13
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03/06/13
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03/06/13
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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
01/17/20
01/17
17:18
01/17/20
17:18
Conference/Events
Myomo to host special shareholder meeting »

Special Shareholder…

03/08/13
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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
01/17/20
01/17
17:14
01/17/20
17:14
Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

Virtual Special…

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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
01/17/20
01/17
17:10
01/17/20
17:10
Syndicate
Breaking Syndicate news story on Sorrento Therapeutics »

Sorrento Therapeutics…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
01/17/20
01/17
17:01
01/17/20
17:01
Hot Stocks
Akers Biosciences reaches settlement agreements on two derivative actions »

Akers Biosciences…

03/08/13
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ECA

Encana

$4.09

-0.18 (-4.22%)

16:40
01/17/20
01/17
16:40
01/17/20
16:40
Hot Stocks
Encana receives court approval for reorganization »

Encana Corporation…

03/08/13
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03/08/13
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  • 29

    Jan

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