We're increasing our fair value estimate for the wide-moat firm.
We think investors should wait on this no-moat firm.
Online sales are boosting growth but hurting profitability for now.
The narrow-moat firm is the best-positioned department store in our coverage, as it capitalizes on its full- and off-price models.
We don't intend to alter our long-term outlook and think the stock is overvalued.
Flipkart will provide many benefits to the retail giant.
The wide-moat giant will combine Asda Group and Sainsbury, creating the largest grocer in the U.K.
We see a few values for long-term investors amid intense competition.
We plan to raise our fair value estimate by a mid-single-digit percentage, but investors should wait for a better margin of safety before diving in.
The retailer's execution and investment spending is properly directed as it faces continued headwinds.
Even amid the intensely competitive landscape, we think the narrow-moat grocer's focus on driving efficiencies is prudent and should ensure that its competitive edge is unwavering.
We plan to increase our fair value estimates for no-moat Target and for wide-moat Costco.
Persistent cost inflation from wages and freight costs will limit profit growth in 2018.
Investors should wait for a higher margin of safety as shares are trading above our fair value estimate.
The wide-moat retailer continues to see traction with consumers despite increased pressure from Amazon and other mass merchants, but increasing costs and lower prices are pinching margins.
It’s building its brand equity globally and across segments.
The narrow-moat firm is transforming into a larger sporting goods company.
We anticipate the narrow-moat grocer will use the proceeds to pay down debt and repurchase shares.
Despite improved earnings estimates, we still believe that the company lacks an economic moat and is overindexed to higher-margin items that may come under pressure.
Pressure in North America was offset by growth internationally and in the wide-moat company's direct-to-consumer channel.
The wide-moat retailer is delivering, but the market is pricing in too much optimism.
The move enhances Target's digital fulfillment capabilities but won't allow it to match the likes of competitors such as Wal-Mart and Amazon.
Despite strong results at the narrow-moat retailer, a continued increase in fresh food and frozen coolers will constrain profitability.
The combination of gross margin expansion and preliminary 2018 guidance helped calm investors.
We're raising our fair value estimate after a better than expected quarter, but underlying profitability and valuation leave us more tempered versus the market's reaction.
We're raising our fair value estimate after better than expected results, but we think investors should wait for a better margin of safety.
We continue to think Target is stuck between larger wide-moat rivals Wal-Mart and Amazon, which will constrain profitability.
As challenges in North America linger, we're lowering our fair value estimate on the narrow-moat firm.
We think the wide-moat retailer's advantaged position is priced into the stock.
The wide-moat retailer's value proposition remains strong to its customers, despite the competitive environment.
We think the undervalued wide-moat company can boost operating margins by almost 200 basis points.
The elevation of company veteran Gary Philbin to the top job, doesn't impact our fair value estimate of the narrow-moat retailer.
Innovation and key sponsorships should bolster its leading standing.
But industry pressures continue to dog the firm.
Even with a strong sales performance, continued investments will drag the retailer's profitability below historical levels.
We plan to raise our $82 fair value estimate by $1 to incorporate faster-than-anticipated digital growth.
We're leaving our fair value estimate unchanged, but full-year results will provide a better picture of how the company is faring.
Although the retailer's pre-announced second-quarter results were above expectations, management didn't raise full-year guidance.
The grocer has been able to gain share for more than a decade.
We marginally lowered our fair value estimate for the retailer following news that Amazon intends to purchase Whole Foods, but we still think Dollar Tree has a narrow moat.
Competition in the grocery space will intensify with Amazon entering the field, but wide-moat Wal-Mart is best positioned to withstand the pressure.
The wide-moat company is maintaining its physical format strategy as results seem stable relative to other retailers that are ceding share to online competitors.
We question whether recent performance will prove sustainable over several quarters.
In line with its mass market peers, the narrow-moat company continues to test smaller box formatted stores branded "DGX," which are one-half the size, and meant for urban locations.
Pressures from a seismic shift in consumer spending habits take a toll on the retailer, leading us to review our long-term estimates.
As the wide-moat retailer’s digital Initiatives continue, we see value in the shares.