Rupesh Parikh

Oppenheimer's prior case against being aggressive on Ulta Beauty Inc (NASDAQ: ULTA) stock was based on concerns of a slowdown in the beauty segment -- an assumption that no longer holds true. The Analyst Oppenheimer's Rupesh Parikh upgraded Ulta Beauty from Perform to Outperform with a...

Walmart Inc (NYSE: WMT)'s stock suffered its worst trading day since the late 1980s Feb. 20 in reaction to its fourth-quarter results, prompting Oppenheimer to drop its bullish stance.  The Analyst Oppenheimer's Rupesh Parikh downgraded Walmart's stock rating from Outperform to...

Consumer staples name Church & Dwight Co., Inc. (NYSE: CHD) is a retail winner, with category-leading brands and rising online penetration, an Oppenheimer analyst said in a Wednesday upgrade. The Analyst Oppenheimer analyst Rupesh Parikh upgraded shares of Church & Dwight from Perform to...

Wal-Mart Stores Inc (NYSE: WMT) reported top- and bottom-line beats in its earnings report Thursday morning while U.S. comps grew for the twelfth consecutive quarter. Yet the stock lost around 2 percent — a move many investors don't fully understand. Oppenheimer's Rupesh Parikh explained why...

Wal-Mart Stores Inc (NYSE: WMT) isn't going to fall victim to Amazon.com, Inc. (NASDAQ: AMZN)'s growing dominance, at least according to analysts at Oppenheimer who initiate coverage of Wal-Mart's stock with an Outperform rating and $90 price target. In fact, according to the firm's Rupesh Parikh,...

Ulta Beauty Inc (NASDAQ: ULTA)'s nearly 15 percent sell-off over the past month could be the beginning of the stock's longer-term trend, analysts at Oppenheimer said. The firm's Rupesh Parikh downgrades the stock's rating from Outperform to Perform with a price target lowered from $330 to $270....

Oppenheimer analyst Rupesh Parikh sees additional upside for Whole Foods Market, Inc. (NASDAQ: WFM) after news broke Friday morning of its acquisition by Amazon.com, Inc. (NASDAQ: AMZN). Parikh maintains his Outperform rating and lifted his price target to $45. “Last month, we highlighted a...

After Sprouts Farmers Market Inc (NASDAQ: SFM) shares dipped following the news of Amazon.com, Inc. (NASDAQ: AMZN)'s acquisition of Whole Foods Market, Inc. (NASDAQ: WFM), Oppenheimer analyst Rupesh Parikh believes the news has created a huge buying opportunity for the supermarket chain. “We...

Whole Foods Market, Inc. (NASDAQ: WFM) shares surged Monday, rising by roughly 10 percent, after Jana Partners picked up a 8.3 percent stake in the company. Following the development, sell-side analysts sounded cautious about the move. Jana's Ownership Stake Doesn't Alter Fundamental Picture...

On March 19, “Bloomberg reported that Albertsons Companies Inc (NYSE: ABS) and Sprouts Farmers Market Inc (NASDAQ: SFM) held preliminary merger talks with proposed plans to take SFM private. The article noted the talks are at an early stage and may not lead to a deal,” Oppenheimer...

Ulta Beauty Inc (NASDAQ: ULTA) reported its fourth-quarter results ahead of expectations. While new investments impact the earnings outlook for FY 2017, these would likely boost “the longer term market share opportunity,” Oppenheimer’s Rupesh Parikh said in a report. Parikh...

In a note released on Friday, Oppenheimer delved on whether the Amazon.com, Inc. (NASDAQ: AMZN) versus Wal-Mart Stores Inc (NYSE: WMT) e-commerce battle will bring Kroger Co (NYSE: KR) into the fray. E-Commerce Battle Lines Drawn Analysts Rupesh Parikh and Erica Eiler said they have been...

Oppenheimer on Thursday upgraded shares of Estee Lauder Companies Inc (NYSE: EL), citing several reasons, including more aggressive partnerships and the potential for an inflecting EPS trajectory. Recently, Barclays maintained its Overweight rating on the shares of Estee Lauder, reasoning it was...

Oppenheimer said Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) remains its top pick following its “gravity-defying” quarterly results. Ulta reported a blow-out quarterly result across all metrics and upbeat guidance. In particular, comps were 16.7 percent, suggesting no...