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Speculating Grocer Consolidation Amid Amazon–Whole Foods Deal
Friday, June 16, 2017 - 12:01pm | 548Read More...Amazon.com, Inc. (NASDAQ: AMZN)'s $13.7 billion acquisition of organic grocer chain Whole Foods Market, Inc. (NASDAQ: WFM), if approved, has the potential to drastically change the dynamics of not only Amazon's business but the entire grocery sector. Within a few hours of the deal announcement,...
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Impact From Samsung Issues Should Be Muted For Best Buy, GameStop
Wednesday, October 12, 2016 - 9:17am | 328Read More...Issues with Samsung Electronic’s (OTCMKTS: SSNLF) Note 7 are unlikely to have a significant impact on either Best Buy Co Inc (NYSE: BBY) or GameStop Corp. (NYSE: GME), SunTrust’s David Magee commented. Best Buy Analyst Magee mentioned that Best Buy should be able to “shrug...
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Buy Sprouts Farmers Market Shares On Weakness, SunTrust Says
Thursday, September 8, 2016 - 10:26am | 203Read More...Sprouts Farmers Market Inc (NASDAQ: SFM) lowered its H2 guidance, driven by persisting, and potentially worsening, deflationary pressures in Q3. David Magee of SunTrust Robinson Humphrey maintained a Buy rating on the company. Deflationary Pressures Magee mentioned that management had...
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Best Buy's Major Investments Over Last Few Years 'Paying Off'
Wednesday, August 24, 2016 - 11:06am | 185Read More...David Magee of SunTrust Robinson Humphrey believes the Q2 results reported by Best Buy Co Inc (NYSE: BBY) demonstrate once again that the major investments made by the company over the past several years are now paying off. Magee reiterated a Buy rating on the company, while raising the price...
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Whole Foods Facing Foot-Traffic Headwinds; SunTrust Maintains Buy Rating
Thursday, July 28, 2016 - 4:11pm | 404Read More...SunTrust maintains its Buy rating on Whole Foods Market, Inc. (NASDAQ: WFM), despite saying traffic is still a "bigger challenge" for the organic foods retailer. Whole Foods reported $0.37 per share in its third-quarter earnings, in line with the consensus/Street estimates. Same-store sales in the...
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SunTrust Sets Neutral Rating, $39 Target On Kroger
Tuesday, May 3, 2016 - 4:47pm | 416Read More...SunTrust Robinson Humphrey has started coverage of The Kroger Co (NYSE: KR) with a Neutral rating and $39 price target, which implies an upside of 10.9 percent. Though the nation's largest conventional supermarket chain has managed to beat Street EPS estimates in six out of the past eight...
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The Fresh Market Isn't Very Popular On Wall Street Right Now
Friday, August 21, 2015 - 4:05pm | 970Read More...Shares of The Fresh Market Inc (NASDAQ: TFM) plunged nearly 20 percent early Friday afternoon, establishing a new 52-week low of $21.05 after investors and traders were not impressed with the company's second-quarter results and outlook. The Fresh Market reported it earned $0.36 per share in the...
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SunTrust's David Magee Still 'Comfortable' With Whole Foods Investment
Thursday, July 9, 2015 - 12:31pm | 312Read More...In a report published Thursday, SunTrust Robinson Humphrey analyst David Magee noted that recent checks in Boise, Idaho showed that organic grocer Whole Foods Market, Inc. (NASDAQ: WFM)'s pricing is for the most part on par with competitors, but its organic produce pricing is "curiously high." "In...
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SunTrust Comments On GameStop's Geeknet Acquisition, Notes Positive Takeaways Despite Small Nature Of Deal
Wednesday, June 3, 2015 - 1:49pm | 268Read More...In a report published Tuesday, SunTrust Robinson Humphrey analyst David Magee commented on GameStop Corp. (NYSE: GME)'s $20 per share acquisition offer for Geeknet Inc (NASDAQ: GKNT). Geeknet is an online retailer of apparel, home/office décor, electronics/gadgets and other forms of collectibles...
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SunTrust Says 'Out With The Old At GameStop'
Thursday, April 16, 2015 - 2:45pm | 381Read More...In a report published Thursday, SunTrust Robinson Humphrey analyst David Magee commented that after several years of declining video-game software sales, the tide has finally turned. "While current-gen software sales did rally last year, the decline in old-gen was greater than expected,...
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SunTrust Answers What's Coming For GameStop In Its Q4 Report
Thursday, March 26, 2015 - 12:02pm | 232Read More...In a report published Tuesday, SunTrust Robinson Humphrey analyst David Magee previewed GameStop Corp.'s (NYSE: GME) fourth quarter results, which are scheduled to be released Thursday after market close. Magee estimated GameStop will earn $2.16 per share in the quarter, representing a 13 percent...
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Williams-Sonoma No Longer Immune To Promotional Pressures
Friday, August 29, 2014 - 7:01am | 310Read More...Williams-Sonoma (NYSE: WSM) closed down nearly 12 percent Thursday on a weaker than expected outlook suggesting the hardlines retailer is no longer immune to mounting competitive pressures in the sector. Street estimates and management guidance "could prove optimistic in an aggressively...
