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Fly News Breaks for December 4, 2018
Dec 4, 2018 | 08:38 EDT
RBC Capital analyst William Kirk kept his Sector Perform rating and $28 price target on United Natural Foods (UNFI) ahead of its Q1 earnings, saying the comparability for the period should be "tricky" given the closing of the Supervalu (SVU) deal and reporting changes of both entities. The analyst warns however that United Natural Foods' guidance may be down based on the latter's operational miss along with the unforeseen related financing costs, estimating its EBITDA outlook at $600M - down from its prior forecast of $655M-$675M. Kirk further believes that the company is " transitioning from a business that can command premium margins to a more conventional margin model," also warning about the "unrelenting risk" coming from Amazon's (AMZN) Whole Foods business.
News For UNFI;SVU;AMZN From the Last 2 Days
Jul 20, 2019 | 07:34 EDT
As retailers have announced plans to shut over 7,000 stores in the U.S. this year, Target (TGT) has emerged as one of the winners, Avi Salzman writes in this week's edition of Barron's. Its 1,851 stores have withstood the pressures from Amazon (AMZN) and the ascendancy of online shopping and have benefited from a shakeout in its rivals' stores, he adds. In recent years, Target has spent heavily to bolster its web operations and keep prices low, and now, its operating earnings are swinging higher again, the author contends. Reference Link
Jul 20, 2019 | 07:27 EDT
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly: 1. PENTAGON'S CLOUD-COMPUTING CONTRACT:... To see the rest of the story go to See Story Here
Jul 19, 2019 | 16:24 EDT
Stocks were tentatively higher in early trading as investors reacted to earnings reports from big names that included Microsoft (MSFT) and American Express (AXP). However, the major... To see the rest of the story go to See Story Here