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Kroger's Guidance Cut Looks Modest Relative To Peers' Outlooks
Monday, September 12, 2016 - 2:11pm | 379Read More...Shareholders never want to get news that their company is lowering its forward guidance, but Kroger Co (NYSE: KR) shareholders can at least tell themselves “it could have been worse.” Kroger has officially lowered its fiscal 2016 EPS guidance from $2.19–$2.28 to $2.10–2.20....
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Casey's General Stores Not Immune To Grocery Headwinds
Friday, September 9, 2016 - 12:55pm | 219Read More...Kelly Bania of BMO Capital cut the estimates and price target of Casey's General Stores Inc (NASDAQ: CASY) saying the company's "unexpected merchandise comp slowdown was disappointing" as the brokerage expected Casey's to be more immune to broader grocery deflationary...
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BMO Bullish On Costco Wholesale Corp, Says Co. Less Exposed To Food Deflation
Friday, September 2, 2016 - 11:39am | 459Read More...Costco Wholesale Corporation (NASDAQ: COST) is less exposed to food deflation, which, according to BMO, is likely to remain a headwind for the sector in the second half of 2016 and possibly into the first half of 2017. "Despite food deflation pressure, we believe Costco is less exposed compared...
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BMO Suggests Opportunistic Investors Look For An Entry Point In Sprouts Farmers Market
Friday, August 5, 2016 - 11:22am | 275Read More...BMO said the ongoing volatility in the food retail space offers an opportunistic entry point in Sprouts Farmers Market Inc (NASDAQ: SFM), which the brokerage described as "one of the most unique and differentiated concepts in U.S. food retail." Shares remained volatile after the...
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Tea-Tastic News For David's Tea: Stock Steaming, Receives Upgrade
Thursday, July 7, 2016 - 2:37pm | 223Read More...BMO Capital Markets has upgraded ,strong>DavidsTea Inc (NASDAQ: DTEA) to Outperform, as it believes the company is well positioned to achieve its long-term earnings goals. "We believe DTEA's modern in-store experience, innovative culture, attractive market positioning, and track record of strong...
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BMO Responds To Sysco's Q3 Results, Says 'Plan Is Working'
Wednesday, May 4, 2016 - 12:51pm | 339Read More...BMO raised the EPS estimates and price target on the shares of SYSCO Corporation (NYSE: SYY) after the food distributor reported better-than-expected third-quarter earnings on favorable weather and the Easter holiday. Sysco reported adjusted EPS of $0.46, versus BMO's forecast of $0.41 and...
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BMO Downgrades Whole Foods And Bristol-Myers Squibb To Start Week: Why?
Monday, January 25, 2016 - 10:17am | 484Read More...Whole Foods Market, Inc. (NASDAQ: WFM) shares have lost 12 percent since December 28, while shares of Bristol-Myers Squibb Co (NYSE: BMY) are down 7 percent. BMO Capital Markets analysts downgraded the ratings and reduced the price targets of both companies. While Whole Foods’...
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Digging Into The Fresh Market's Take-Out Math
Tuesday, October 20, 2015 - 1:04pm | 605Read More...Shares of The Fresh Market Inc (NASDAQ: TFM) spiked higher last Friday after media reports suggested the company’s management is exploring a sale of itself to Apollo Global Management. Kelly Bania of BMO Capital Markets noted the company’s CEO Rick Anicetti’s resume “...
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BMO's Kelly Bania Explains Why She Downgraded United Natural Foods
Tuesday, July 28, 2015 - 1:47pm | 375Read More...In a report issued Monday, BMO analysts Kelly Bania and Lucy Hong downgraded shares of United Natural Foods, Inc. (NASDAQ: UNFI) to Market Perform and trimmed their price target to $52.00. However, the stock remains among the firm’s Top 15 U.S. Small Cap Stock Selections. United Natural...
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Analysts Remain Optimistic On Safeway Amidst Mixed 4Q Results And Possible Sale Discussion
Thursday, February 20, 2014 - 4:52pm | 506Read More...Analysts respond following Safeway's (NYSE: SWY) fourth quarter 2013 results on Wednesday. Fourth Quarter Results and Announcements Safeway reported fourth quarter EPS of $0.35 versus the estimated $0.48, missing by $0.13. EPS were down 34% from the same quarter last year. Revenue came in at $...
