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TGT

Target

$117.04

-8.19 (-6.54%)

, WMT

Walmart

$115.29

-0.88 (-0.76%)

06:47
01/16/20
01/16
06:47
01/16/20
06:47

Target's holiday report may have implications for Walmart, says Morgan Stanley

Morgan Stanley analyst Simeon Gutman commented on Target's (TGT) weaker than expected holiday sales, saying Q4 holiday sales were not "terrible," adding that he thinks the shorter holiday calendar could have been a culprit and noting that Target was facing a tough compare. Gutman tells investors in a research note that the EPS implications are not drastic, as Target reaffirmed its Q4 EPS guidance, that the holiday sales miss was confined to a few key categories and that he believes January sales likely bounced back, and says the business is being managed well. The analyst lowered his Q4 comp estimate for Walmart (WMT) to up 2% from up 2.5%, saying he doesn't think Walmart was immune to the headwinds Target faced and may also have been affected by the shorter holiday period. Gutman made no change to his Equal Weight rating and $130 price target for Target shares.

TGT

Target

$117.04

-8.19 (-6.54%)

WMT

Walmart

$115.29

-0.88 (-0.76%)

TGT Target
$117.04

-8.19 (-6.54%)

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
Target Q4 'appeared to finish strong,' says Cleveland Research
Cleveland Research analyst Scott Bender said he continues to see upside to consensus comp expectations for Target as his checks indicate that the company seemed to outperform channel expectations and gain share in key holiday categories. The analyst, whose unchanged comp growth and EPS estimates for Target are both above consensus, has a Neutral rating on the shares.
01/15/20
BARD
01/15/20
NO CHANGE
Target $140
BARD
Outperform
Baird inclined to buy Target weakness as earnings view remains intact
Baird analyst Peter Benedict noted Target said holiday comps were below expectations, but the Q4 earnings outlook remains intact. He said the holiday softness was due to softer sales in key seasonal categories and believes the compressed holiday season likely played a role. He is maintaining his estimates and views the weakness as an attractive entry point. Benedict maintained his Outperform rating and $140 price target on Target shares.
01/15/20
STFL
01/15/20
NO CHANGE
STFL
Target holiday miss has limited read-through to Walmart and Costco, says Stifel
After Target (TGT) reported November/December comparable store sales growth of 1.4% and lowered its Q4 sales guidance, Stifel analyst Mark Astrachan said he views the result as disappointing, especially given that Target has beaten comp expectations in recent quarters. The analyst, who noted that the company blamed the comp miss on softer than expected sales in holiday categories such as electronics, toys, and parts of its home assortment, believes there is limited read-through for broadline retailers Walmart (WMT) and Costco (COST), which get insulation from their grocery sales. He also noted that Costco has already reported a strong November/December comp increase of 6.6%, which he reads as a sign of strong share gains in light of Target's report. Astrachan, who expects Target shares to underperform following the report, has a Hold rating and $130 price target on the stock.
WMT Walmart
$115.29

-0.88 (-0.76%)

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.
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.

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HEXO

Hexo

$1.61

-0.17 (-9.55%)

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QGEN

Qiagen

$34.34

0.165 (0.48%)

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Qiagen shares up 3% to $35.15 in afternoon trading »

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SWK

Stanley Black & Decker

$171.74

1.29 (0.76%)

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Stanley Black & Decker in talks to buy Consolidated Aerospace, Reuters says »

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AAPL

Apple

$316.97

1.64 (0.52%)

14:49
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Apple may have to abandon lightning connector cable in Europe, BBC News says »

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SWK

Stanley Black & Decker

$171.72

1.27 (0.75%)

14:45
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Periodicals
Stanley Black & Decker in talks to buy Consolidated Aerospace, Reuters says »

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LSCC

Lattice Semiconductor

$23.15

1.87 (8.79%)

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Apple

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1.24 (0.39%)

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LSCC

Lattice Semiconductor

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1.24 (0.39%)

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DB

Deutsche Bank

$8.43

-0.115 (-1.35%)

14:32
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Periodicals
Deutsche Bank slashes investment bank bonuses by roughly 30%, Bloomberg says »

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  • 30

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MIAX SPIKES options volume over 100K contracts is new record »

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INSG

Inseego

$9.23

0.76 (8.97%)

14:25
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Options
Inseego call volume above normal and directionally bullish »

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NSTG

NanoString

$30.44

-0.41 (-1.33%)

14:23
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  • 06

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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ENV

Envestnet

$70.39

-4.05 (-5.44%)

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  • 24

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SNCA

Seneca Biopharma

$3.80

2.55 (204.00%)

14:06
01/17/20
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Syndicate
Seneca Biopharma announces exercise of warrants for $7.55M gross proceeds »

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DHT

DHT Holdings

$7.41

0.19 (2.63%)

14:05
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Options
DHT Holdings call volume above normal and directionally bullish »

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14:05
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General news
Action Economics Survey results: »

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BGNE

BeiGene

$169.60

1.72 (1.02%)

14:03
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Upgrade
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  • 27

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SNE

Sony

$72.46

-0.09 (-0.12%)

, CMCSA

Comcast

$47.43

0.57 (1.22%)

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SNE

Sony

$72.46

-0.09 (-0.12%)

CMCSA

Comcast

$47.43

0.57 (1.22%)

CMCSK

Comcast

$0.00

(0.00%)

T

AT&T

$38.33

0.3 (0.79%)

DIS

Disney

$144.67

-0.43 (-0.30%)

LGF.A

Lionsgate

$10.94

-0.34 (-3.01%)

LGF.B

Lionsgate

$10.30

-0.325 (-3.06%)

VIAC

ViacomCBS

$39.64

-0.41 (-1.02%)

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    Feb

BA

Boeing

$325.18

-6.82 (-2.05%)

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Boeing tells CNBC 'making necessary updates' to MAX after report of new issue »

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  • 29

    Jan

BA

Boeing

$326.24

-5.76 (-1.73%)

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Breaking Hot Stocks news story on Boeing »

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  • 29

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VB

Vanguard Small-Cap Index Fund

$169.72

-0.13 (-0.08%)

, IVV

iShares Core S&P 500

$333.10

0.72 (0.22%)

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VB

Vanguard Small-Cap Index Fund

$169.72

-0.13 (-0.08%)

IVV

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$333.10

0.72 (0.22%)

TLT

iShares 20+ Year Treasury Bond Fund

$138.05

-1.15 (-0.83%)

ESGU

iShares ESG MSCI U.S.A. ETF

$73.74

0.27 (0.37%)

VCSH

Vanguard Short-Term Corporate Bond Index Fund

$81.21

0.025 (0.03%)

SPY

SPDR S&P 500 ETF Trust

$331.63

0.73 (0.22%)

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BA

Boeing

$326.27

-5.73 (-1.73%)

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  • 29

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JNJ

Johnson & Johnson

$148.97

0.72 (0.49%)

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Judge slashes J&J verdict down to $6.8M from $8B in Risperdal suit, Law.com says »

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JNJ

Johnson & Johnson

$149.03

0.78 (0.53%)

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Judge cuts J&J punishment in Risperdal case to $6.8M from $8B, Bloomberg reports »

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