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Stock Market & Financial Investment News

News Breaks
June 5, 2014
11:39 EDTSFM, WFM, UNFIWhole Foods advances after analyst initiates with $48 target
Shares of Whole Foods (WFM) are climbing after research firm Imperial Capital initiated coverage of the shares with an Outperform rating, saying that the recent decline in the stock has created an attractive entry point. WHAT'S NEW: Whole Foods is continuing to gain market share, and its profits can grow at a compound annual growth rate of 12% over the next three years, Imperial analyst Mitchell Pinheiro wrote in a note to investors last night. Following the stock's decline, the shares overestimate the risk facing the company, leaving it with "a reasonable chance" to beat expectations, the analyst contended. He set a $48 price target on the shares. WHAT'S NOTABLE: Citigroup yesterday took a different view on Whole Foods' outlook, cutting its price target on the name to $41 from $55. The firm cited Whole Foods' weaker than expected same-store sales and the reduction in its earnings guidance as reasons for the change. It kept a Neutral rating on the stock. OTHERS TO WATCH: Other grocery store chains that feature organic food include Sprouts Farmers (SFM) and United Natural Foods (UNFI). PRICE ACTION: In late morning trading, Whole Foods climbed 3% t $39.50.
News For WFM;SFM;UNFI From The Last 14 Days
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May 21, 2015
09:50 EDTSFMSprouts Farmers Markets management to meet with Piper Jaffray
Meeting to be held in Chicago on May 22 hosted by Piper Jaffray.
07:14 EDTSFMBMO Capital to hold a conference
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May 20, 2015
10:42 EDTWFMKroger CEO says consumer spending still 'fragile'
Kroger (KR) CEO W. Rodney McMullen says the company will continue to spend on stores. McMullen said it will be "fascinating" to see how Whole Foods (WFM) customers react to its plans for a smaller, lower-cost format. Kroger's CEO says food inflation has been tracking a 1%-2% and the company expects it to continue at that level. McMullen says Kroger looks at "just about anything that is available" in terms of M&A, but doesn't bid on many things. McMullen is speaking on CNBC.
May 19, 2015
06:02 EDTWFMWhole Foods implied volatility of 18 at lower end of index mean range
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May 18, 2015
07:46 EDTWFMAmerican Express has $850M revenue opportunity with Plenti, says Deutsche Bank
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
06:05 EDTWFMWhole Foods implied volatility of 19 at lower end of index mean range
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May 15, 2015
10:13 EDTSFMHigh option volume stocks
High option volume stocks: POST SFM GSVC HGG HUN PH JWN CAR ONTY LBTYA
06:05 EDTWFMWhole Foods implied volatility of 20 at lower end of index mean range
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May 14, 2015
06:22 EDTWFMWhole Foods implied volatility of 20 at lower end of index mean range
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May 13, 2015
09:12 EDTSFMSprouts Farmers Markets valuation attractive, says Morgan Stanley
Morgan Stanley said recent meetings with Sprouts Farmers Markets management reaffirmed its view of a solid fundamental outlook and increased its conviction that produce issues are transitory. The firm has increased conviction in Sprouts' ability to enter new markets, in-store initiatives, and competition that remains rational. Morgan Stanley reiterates its Overweight rating for this "Best Idea" stock and views current valuation as an attractive entry point.
May 12, 2015
08:10 EDTSFMSprouts Farmers Markets has reached attractive entry point, says RBC Capital
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May 11, 2015
09:59 EDTUNFI, SFMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded to Outperform from Neutral at Exane BNP Paribas... Caterpillar (CAT) upgraded to Outperform at Baird... Cisco (CSCO) upgraded to Outperform with $36 target at Pacific Crest... Evolution Petroleum (EPM) upgraded to Outperform from Market Perform at Northland... Hecla Mining (HL) upgraded on hedging discipline at Roth Capital... Joy Global (JOY) upgraded to Outperform from Neutral at Baird... Monster Beverage (MNST) upgraded to Buy from Neutral at Citigroup... Nokia (NOK) upgraded to Outperform from Neutral at Exane BNP Paribas... On Deck Capital (ONDK) upgraded to Neutral from Sell at Sterne Agee CRT... Royal Caribbean (RCL) upgraded to Outperform from Neutral at Wedbush... SMC (SMECF) upgraded to Buy from Neutral at Goldman... Sally Beauty (SBH) upgraded to Outperform from Market Perform at Raymond James... Southwestern Energy (SWN) upgraded to Overweight from Equal Weight at Barclays... Sprouts Farmers Markets (SFM) upgraded to Outperform at BMO Capital... Suburban Propane (SPH) upgraded on positive outlook at Stifel... Suffolk Bancorp (SUBK) upgraded to Outperform from Market Perform at Keefe Bruyette... Syngenta (SYT) upgraded to Buy from Neutral at UBS... Triumph Group (TGI) upgraded to Outperform from Sector Perform at RBC Capital... United Natural Foods (UNFI) upgraded to Overweight from Equal Weight at Stephens... Web.com (WWWW) upgraded to Buy from Hold at Deutsche Bank... Zillow Group (Z) upgraded to Buy from Neutral at SunTrust.
09:41 EDTSFMSprouts Farmers Markets upgraded to Overweight from Equal Weight at Stephens
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08:50 EDTUNFIUnited Natural Foods upgraded to Overweight from Equal Weight at Stephens
06:22 EDTSFMSprouts Farmers Markets upgraded to Outperform at BMO Capital
BMO Capital upgraded Sprouts Farmers Market to Outperform from Market Perform with a $34 price target. The firm upgraded shares citing valuation, reduced expectations, long-term earnings growth, differentiated strategy, and high barriers to entry.
May 10, 2015
14:12 EDTWFM, SFMWhole Foods stock unlikely to outperform in near-term, Barron's says
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