Sprouts Farmers ready for rebound, Barron's says » 10:1610/2410/24/20
SFM, TGT, WMT
Sprouts Farmers Market…
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Xbox boss hints at TV streaming sticks for xCloud gaming service, Verge says » 10:4010/2310/23/20
Phil Spencer, Microsoft's head of gaming and Xbox, has suggested that the company is looking at TV streaming sticks for its xCloud game streaming service, The Verge's Tom Warren reports. Spencer discussed in an interview with Stratechery the potential for additional tiers of Xbox Game Pass, the company's game subscription service, which may include a free bundled TV stick to play games via the cloud, Warren says. "I think you're going to see lower priced hardware as part of our ecosystem when you think about streaming sticks and other things that somebody might want to just go plug into their TV and go play via xCloud," Spencer said. "You could imagine us even having something that we just included in the Game Pass subscription that gave you an ability to stream xCloud games to your television and buying the controller." The Xbox chief also hinted at the potential for an "Xbox Game Pass Platinum," which would include guaranteed access to new Xbox hardware, the author notes. Reference Link
Kroger downgraded to In Line from Outperform at Evercore ISI » 08:2510/2310/23/20
KR, ACI, WMT, TGT
Evercore ISI analyst…
Evercore ISI analyst Michael Montani downgraded Kroger (KR) to In Line from Outperform with a price target of $36, down from $40, noting that his "turnaround traction" thesis has played out and that the stock has generated a 20% total return since he upgraded it in December of 2019. The firm's latest consumer shopping intention survey findings were more favorable for Walmart (WMT), Albertsons (ACI), and Target (TGT), noted Montani, who recommends value investors who want to play grocery move Kroger profits into Albertsons, on which he has an Outperform rating.
Citrix downgraded to Equal Weight on slower cloud progress at Morgan Stanley » 07:2610/2310/23/20
CTXS, VMW, ZS, MSFT
As previously reported,…
As previously reported, Morgan Stanley analyst Sanjit Singh downgraded Citrix Systems (CTXS) to Equal Weight from Overweight with a price target of $140, down from $165. Citrix delivered "solid" results in Q3, as it has throughout 2020, but Citrix's SaaS business has now decelerated for four quarters in a row, Singh tells investors. Migrating existing maintenance customers to cloud has progressed more slowly than expected, which creates "two key concerns," according to Singh. The expected ARR uplift when customers move to cloud may be a smaller contributor than anticipated and result in less potential upside to management's 2022 free cash flow per share target, while also leaving open a window for rival solutions from VMware (VMW), Zscaler (ZS) and Microsoft (MSFT), who are are emphasizing their own cloud capabilities, Singh said.
Oracle price target raised to $62 from $59 at Barclays » 06:1710/2310/23/20
Barclays analyst Raimo…
Barclays analyst Raimo Lenschow raised the firm's price target on Oracle to $62 from $59 and keeps an Equal Weight rating on the shares after moving software valuations to 2022 as the new base year.
Microsoft price target raised to $249 from $234 at Barclays » 06:1610/2310/23/20
Barclays analyst Raimo…
Barclays analyst Raimo Lenschow raised the firm's price target on Microsoft to $249 from $234 and keeps an Overweight rating on the shares after moving software valuations to 2022 as the new base year.
Walmart sues DOJ, DEA for clarity on prescription opioid dispensing » 17:2810/2210/22/20
Walmart has sued the U.S.…
Walmart has sued the U.S. Department of Justice and the Drug Enforcement Administration, asking a federal court to clarify the roles and responsibilities of pharmacists and pharmacies under the Controlled Substances Act. Walmart Inc. v. DOJ, et al. is pending before the U.S. District Court for the Eastern District of Texas. In a statement, the company said: "Walmart and our pharmacists are committed to helping address the opioid crisis that has affected so many. We are proud of our pharmacists, who help patients understand the risks about opioid prescriptions, and who have refused to fill hundreds of thousands of opioid prescriptions they thought could be problematic. With the help of a team of investigators and experts, Walmart has also blocked thousands of questionable doctors from having their opioid prescriptions filled by any of our pharmacists, and we frequently assist law enforcement in bringing bad doctors to justice. Unfortunately, certain DOJ officials have long seemed more focused on chasing headlines than fixing the crisis. They are now threatening a completely unjustified lawsuit against Walmart, claiming in hindsight pharmacists should have refused to fill otherwise valid opioid prescriptions that were written by the very doctors that the federal government still approves to write prescriptions. We are bringing this lawsuit because there is no federal law requiring pharmacists to interfere in the doctor-patient relationship to the degree DOJ is demanding, and in fact expert federal and state health agencies routinely say it is not allowed and potentially harmful to patients with legitimate medical needs. DOJ is forcing Walmart and our pharmacists between a rock and a hard place. At the same time that DOJ is threatening to sue Walmart for not going even further in second-guessing doctors, state health regulators are threatening Walmart and our pharmacists for going too far and interfering in the doctor-patient relationship. Doctors and patients also bring lawsuits when their opioid prescriptions are not filled. Walmart and our pharmacists are torn between demands from DEA on one side and health agencies and regulators on the other, and patients are caught in the middle. We need a court to clarify the roles and legal responsibilities of pharmacists and pharmacies in filling opioid prescriptions."
'Minecraft' will require Microsoft account to play moving forward » 17:0510/2210/22/20
According to the official…
According to the official website of popular video game "Minecraft," all editions of "Minecraft" moving forward will require a Microsoft account to play. "Now just to be clear, migrating from Mojang to Microsoft accounts is mandatory," said a blog post from "Minecraft," whose developer Mojang is owned by Microsoft. "If you don't make the move, in several months you won't be able to log in anymore - which means you won't be able to play either. But no need to worry, because we'll give you detailed and clear instructions on how to do so. Reference Link
Honeywell announces partnership with Microsoft for buildings industry » 11:0510/2210/22/20
Honeywell (HON) and…
Honeywell (HON) and Microsoft (MSFT) announced a partnership via which Honeywell will bring to market its domain-specific applications built on the Microsoft cloud platform "to drive new levels of productivity for industrial clients." Que Dallara, president and CEO, Honeywell Connected Enterprise, said: "Honeywell's partnership with Microsoft will deliver new value to our customers as we help them solve business challenges by digitizing their operations. Working with Microsoft, Honeywell will bring solutions at scale - powered by AI-driven insights and immediate access to data - that will help our customers work more efficiently than ever before." The first area of focus will be in automating maintenance for building owners and operators, the company noted.
Microsoft, Alaska Air sign partnership to reduce carbon emissions with flights » 06:3010/2210/22/20
Microsoft (MSFT) employees who fly between their global headquarters in Redmond, Washington, and California on Alaska Airlines (ALK) will fly more sustainably due to the use of sustainable aviation fuel, or SAF, to cover their business travel. The SAF, supplied by SkyNRG, is an option for the aviation industry to reduce CO2 emissions on a life-cycle basis. This first U.S. partnership of its kind is a model for other companies and organizations committed to reducing the environmental impact of business air travel. The agreement applies to CO2 emissions from Microsoft employee travel between Seattle-Tacoma International Airport to San Francisco International Airport, San Jose International Airport, and Los Angeles International Airport. Under a separate partnership agreement, Microsoft will purchase SAF credits from SkyNRG, and the SAF will be delivered to the airport fueling system used by Alaska Airlines. The companies will explore expanding the program in the future.