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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 07:53 EDT
Cowen analyst Oliver Chen recommended three retail stocks to buy amidst the market pullback. The analyst recommended Walmart (WMT) for its leading grocery share and digital innovation, Costco (COST) due to its global traffic driving low-cost and high value warehouse assortment, and Planet Fitness (PLNT) based on its valuation pullback yet superior affordability and global unit growth potential. Chen has an Outperform rating and $140 price target on Walmart, he rates Costco Outperform with a $350 price target, and Planet Fitness an Outperform with a $95 price target .
News For WMT;COST;PLNT From the Last 2 Days
Jun 4, 2020 | 10:06 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Planet Fitness (PLNT) downgraded to Market Perform from Outperform at Raymond James with analyst Joseph Altobello saying with the shares now approaching $80, which he attributes mainly to optimism regarding a broad based economic recovery as areas of the U.S. reopen, he believes the stock's valuation has become "stretched." 2. United Rentals (URI) downgraded to Buy from Conviction Buy at Goldman Sachs. 3. Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank with analyst Matthew O'Connor saying the good news for Goldman Sachs seems to be baked in with the stock outperforming, and the potential sell-off in equities could weigh on several of Goldman's businesses like trading, investment banking and asset management. 4. Qudian (QD) downgraded to Sell from Neutral at Citi. 5. Inter Parfums (IPAR) downgraded to Neutral from Outperform at Credit Suisse with analyst Alan Erskine saying the population lockdowns are having a server impact on Inter Parfums' business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Jun 4, 2020 | 10:05 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly.  'COMPELLING' RISK/REWARD: Citi... To see the rest of the story go to See Story Here