Fly News Breaks for January 7, 2020
WSM, RH, BBY, SNBR, MIK, GME, FND, TPX, AAN, AAP, BBBY, LOW
Jan 7, 2020 | 10:28 EDT
In a research note on retailers, BofA analyst Elizabeth Suzuki said she thinks the stocks that are best positioned for outperformance in 2020 are Aaron's (AAN), Advance Auto Parts (AAP), Bed Bath & Beyond (BBBY), Lowe's (LOW) and Tempur Sealy (TPX). Conversely, the analyst thinks several hardline retail stocks are poised to underperform in 2020, including Floor & Decor (FND), GameStop (GME), Michael's (MIK) and Sleep Number (SNBR). The firm's proprietary RENO barometer suggests that renovation spending may sequentially improve through 1H before tapering off in 2H. While she nots that essentially every company in her coverage universe stands to gain from a trade war resolution, the biggest beneficiaries would likely be Michael's, Floor & Decor, Best Buy (BBY), RH (RH) and Williams-Sonoma (WSM). Suzuki raised her price target for Aaron's to $85 from $80.
News For LOW;BBBY;AAP;AAN;TPX;FND;GME;MIK;SNBR;BBY;RH;WSM From the Last 2 Days
Mar 2, 2021 | 09:00 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Kaixin... To see the rest of the story go to thefly.com. See Story Here