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April 23, 2014
08:24 EDTLOW, HGG, HD, BBYAppliances may shift from tailwind to headwind this year, says Janney Capital
Janney Capital believes appliances, which were a strong category in 2013 for key sellers including Home Depot (HD), Lowe's (LOW), Best Buy (BBY) and h.h. gregg (HGG), could become a headwind later this year due to weak housing trends and tough comps. The firm thinks a housing slowdown would take a bigger toll on h.h. gregg and Lowe's due to their higher appliance exposure and believes Best Buy could take share in appliances as vendors try to balance sales across channels.
News For HD;LOW;BBY;HGG From The Last 14 Days
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June 24, 2015
15:53 EDTBBYSunTrust identifies the most likely M&A activity in specialty retail
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11:11 EDTBBYAnalyst says Best Buy shares poised to rise
Best Buy's (BBY) stock is poised to advance after the company reports its second quarter results, research firm B. Riley predicted. WHAT'S NEW: Best Buy's forecast for increased margins in the second half of the year, along with easing comparisons, should cause the stock to rise, predicted B. Riley in a note to investors earlier today. The shares will be particularly well-positioned to climb after the company updates its guidance following its Q2 results, the firm believes. Best Buy's initiatives should help increase its revenue and profits heading into fiscal 2017 and the retailer can continues to increase its market share at the expense of Sears (SHLD), RadioShack and others. Additionally, macro economic trends remain favorable for Best Buy and its key product categories continue to perform well, according to B. Riley. The firm, which is particularly confident about the company's ability to beat Q4 consensus estimates, keeps a $47 price target on the name and reiterates a Buy rating on the shares. WHAT'S NOTABLE: In their own note to investors this morning, SunTrust analysts David Magee and D. Mitch Van Zelfden speculated on potential M&A activity in the specialty retail space, noting that "Wall Streetís appetite for acquisitions has strengthened recently." In their opinion, Best Buy acquiring GameStop (GME) is among the "most compelling relationships" in the sector, the note explained. PRICE ACTION: In mid-morning trading, Best Buy slid 0.4% to $34.72, while GameStop rose 1.3% to $44.92.
10:21 EDTLOWLowe's says more focused on asset productivity rather than square footage
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07:27 EDTBBYBest Buy recommended ahead of 2H margin gains at B. Riley
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June 23, 2015
07:15 EDTLOWOppenheimer to hold a conference
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June 16, 2015
19:47 EDTBBYXbox chief says digital game sales 'really strong,' WSJ reports
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June 15, 2015
13:17 EDTHGGDennis May reports 5.5% stake in hhgregg
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10:00 EDTLOWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alleghany (Y) upgraded to Buy from Neutral at Janney Capital... BHP Billiton (BHP) upgraded to Hold from Reduce at HSBC... CNOOC (CEO) upgraded to Hold from Underperform at Jefferies... Diageo (DEO) upgraded to Outperform from Underperform at RBC Capital... Jabil Circuit (JBL) upgraded to Buy from Hold at Needham... LRR Energy (LRE) upgraded to Buy from Hold at Wunderlich... Lowe's (LOW) upgraded on positive catalysts at Wedbush... ORBCOMM (ORBC) upgraded to Outperform from Market Perform at Northland... Petrobras (PBR) upgraded to Overweight from Neutral at JPMorgan... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Williams-Sonoma (WSM) upgraded on more positive leverage outlook at Wedbush.
08:29 EDTLOWLowe's upgraded on positive catalysts at Wedbush
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07:22 EDTLOWLowe's upgraded to Outperform from Neutral at Wedbush

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