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Fly News Breaks for May 23, 2019
AMZN, TGT, WMT
May 23, 2019 | 06:51 EDT
JPMorgan analyst Christopher Horvers upgraded Target (TGT) to Overweight from Neutral and raised his price target for the shares to $100 from $81. The analyst believes the shares are undervalued and he sees potential upside to consensus estimates. Target should get re-valued "towards the best-in-class, Amazon (AMZN) -safe bucket" of retail, given its strong comps, expanding operating income after three years of declines, and its high-single-digit earnings growth algorithm, Horvers tells investors in a research note. The analyst believes Target shares in 2019 will experience move to Walmart's (WMT) shares in 2017.
News For TGT;AMZN;WMT From the Last 2 Days
AMZN
Jun 25, 2019 | 09:00 EDT
William Blair analyst Daniel Hofkin said he would recommend buying Ulta Beauty (ULTA) shares on any pullback related to yesterday's announcement from Amazon (AMZN) of the launch of the "Amazon Professional Beauty Store." Amazon's new online store specifically targets professional stylists, while Ulta targets the end-user beauty enthusiast and does not offer any specific incentives for professional stylists, Hofkin tells investors. Additionally, one of the largest categories of products that professionals buy is color, which Ulta does not sell for professionals, noted the analyst, who keeps an Outperform rating on Ulta shares.
AMZN
Jun 25, 2019 | 07:35 EDT
DA Davidson analyst Linda Bolton Weiser lowered her price target for Sally Beauty (SBH) to $14 from $16.50 following the launch of Amazon's (AMZN) professional beauty store. In a research note to investors, the analyst says she estimates 19% of Sally Beauty's operating profit is directly threatened, with an additional 33% potentially at risk for increased competition.
AMZN
Jun 25, 2019 | 05:30 EDT
Jefferies analyst John DiFucci said he continues to believes Microsoft (MSFT) shares are "materially overvalued," contending that evidence suggests that the widely-held assumption that Azure profit will come with scale, similar to how it did for Amazon Web Services (AMZN), is incorrect. Azure will likely never see margins similar to AWS at scale, argues DiFucci, who also thinks AWS long-term margins may be lower than most expect. The analyst, who admits that Microsoft "is one of the greatest software success stories in the short history of the sector," keeps an Underperform rating on the stock and raised his price target on the shares to $90 from $80. Microsoft shares closed Monday trading up 81c, or 0.6%, to $137.78.
AMZN
Jun 25, 2019 | 05:13 EDT
Amazon said, "This July, Amazon will provide Prime members worldwide the chance to get epic deals during its longest Prime Day ever. Prime Day starts at midnight PT on Monday, July 15 and - for the first time ever - runs for 48 hours, offering members two full days with more than one million deals around the world. Prime Day will be the biggest celebration of deals with limited-time offers, never-before-seen entertainment and exclusive launches online and in-store. Also, members will find the biggest Prime Day deals ever on Alexa-enabled devices. And one of the best Prime Day deals starts today - save $120 on Toshiba HD 43-inch Fire TV Edition Smart TV, only $179.99, through June 30 or while supplies last. Prime members in the U.S., U.K., Spain, Singapore, Netherlands, Mexico, Luxembourg, Japan, Italy, India, Germany, France, China, Canada, Belgium, Austria, Australia and - new this year - United Arab Emirates, can shop our best day(s) of deals. Not a Prime member yet? Anyone can join Prime or start a 30-day free trial at amazon.com/primeday to participate in Prime Day."
AMZN
Jun 24, 2019 | 16:24 EDT
The S&P 500 spent the day searching for direction near 2,950, just below last week’s record level as several sectors saw gains. Sitting out, however,... To see the rest of the story go to thefly.com. See Story Here
AMZN
Jun 24, 2019 | 13:02 EDT
Shares of Ulta Beauty (ULTA) and Sally Beauty (SBH) are under pressure on Monday after Amazon (AMZN) announced that professional beauty products were now available on Amazon Business. The e-commerce's Amazon... To see the rest of the story go to thefly.com. See Story Here
AMZN
Jun 24, 2019 | 12:15 EDT
Stocks are mildly higher in trading so far, holding near all-time highs. Amid the broad... To see the rest of the story go to thefly.com. See Story Here
AMZN
Jun 23, 2019 | 17:42 EDT
Amazon is exploring using drones not just to deliver packages but also to provide surveillance as a service to its customers, according to a patent granted by the United States Patent and Trademark Office, Reuters says. The delivery drones can be used to record video of consented user's property to gather data that can be analyzed to look out, say for example, a broken window, or a fire or if a garage door was left open during the day, the patent described. Reference Link