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Top related persons:
Michael Montani - 3 Russell - 1 LSEG - 1 BTIG - 1 Benjamin Budish - 1 Robinhood - 1 ” Michael Montani - 1 Goldman Sachs - 1
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Barclays - 2 ISI - 2 Stock - 1 Federal - 1 UBS - 1 FactSet - 1 Financial - 1 LSEG - 1

Search resuls for: "Michael Montani"


7 mentions found


☆ These stocks have momentum on their side even if market stumbles
  + stars: | 2024-09-19 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +3 min
With that seasonal volatility in mind, Evercore ISI screened for stocks that may continue to outperform in the current climate. The investment bank combed through the Russell 3000 for stocks that are in the top quintiles for momentum, sentiment and buybacks. One company that made the Evercore ISI screen was mobile tech company AppLovin . Evercore ISI also highlighted Sprouts Farmers Market as a potential outperformer. Evercore ISI upgraded Sprouts to outperform from in line this week.
Persons: Russell, LSEG, BTIG, Benjamin Budish, Robinhood, Michael Montani Organizations: Stock, Federal, UBS, FactSet, Financial, LSEG, Barclays, ISI
☆ Dollar Tree is moving into 99 Cents Only stores
  + stars: | 2024-05-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +1 min
Dollar Tree announced Wednesday it acquired leases for 170 of 99 Cents Only’s stores out of bankruptcy in Arizona, California, Nevada and Texas. Dollar Tree was the last dollar store chain to sell everything for $1 before raising prices in 2021 to $1.25 and above. Family Dollar has underperformed Dollar Tree and other discount chains in recent years, and it’s closing 975 stores. One challenge for Dollar Tree could be the size of 99 Cents Only stores. 99 Cents Only stores are on average approximately 20,000 square feet, more than double the size of a typical dollar store chain.
Persons: ” Michael Montani Organizations: New, New York CNN, “ Management, IRI Locations: New York, Arizona , California , Nevada, Texas, Virginia, West Coast
☆ Thursday’s analyst calls: One bank says sell Tesla, Goldman sees big Disney upside
  + stars: | 2023-11-09 | by ( Brian Evans Fred Imbert | Brian Evans | Fred Imbert | ) www.cnbc.com   time to read: +9 min
The firm upgraded shares to neutral from sell in a Wednesday note, and slightly increased its target price to $5.50 from $5. The firm upgraded the offshore drilling company to overweight from equal weight in a Thursday note and raised its price target to $106 from $84. The bank reiterated a buy rating on Disney with a $120 per share price target, or about 42% upside from Wednesday's $84.50 close. Bank of America's Jessica Reif Ehrlich also reiterated a buy rating on Disney, albeit with a $110 per share price target, which implies more than 30% upside. The bank initiated coverage of the electric vehicle giant with a reduce rating accompanied by a $146 per share price target.
Persons: Goldman Sachs, Ygal Arounian, — Brian Evans, Bud Light, Carlos Laboy, BUD, Brian Evans, EBITDA, Stephanie Yee, Parker, Banks, Parker Hannifin, Nicole DeBlase, Eddie Kim, Brett Feldman, Bank of America's Jessica Reif Ehrlich, Bob Iger's, Michael Montani, Greg Melich, — Fred Imbert, Tesla, Michael Tyndall Organizations: CNBC, Tesla, HSBC, ISI, Analysts, Citi, Anheuser, Busch InBev HSBC, Busch InBev, Middle America, InBev, BUD, JPMorgan, Montrose Environmental, Deutsche Bank, Barclays, Disney, Bank of America's Locations: China, U.S, North America, Montrose, 3Q23, EBITDA, Valaris
☆ Dollar General prunes annual outlook as shoppers curb spending; shares slide
  + stars: | 2023-06-01 | by ( Savyata Mishra | ) www.reuters.com   time to read: +2 min
Low-cost retailers like Dollar General face stiff competition from bigger retailers like Walmart in the grocery and food business, which has lifted its annual outlook as it offers lower prices on groceries compared to rivals Target Corp (TGT.N). Shares of Dollar General were set for their worst day on record, if losses hold, as it also said an earnings decline would be "most significant" in the second quarter. The Tennessee-based company's gloomy outlook echoes disappointing results at its biggest rival Dollar Tree (DLTR.O) last week, which took a hit from slowing demand for non-essentials and elevated cost pressures. The company's first-quarter same-store sales and profit were also below analysts' average estimate as customers appeared to have reduced their spending budgets. Reporting by Savyata Mishra in Bengaluru; Editing by Pooja Desai and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.
Persons: Jeffery Owen, Michael Montani, Kelly Dilts, Savyata Mishra, Pooja Desai, Dhanya Ann Thoppil Organizations: General Corp, Walmart, Target Corp, Evercore ISI, Thomson Locations: The Tennessee, Bengaluru
☆ Family Dollar is a mess. It hopes lowering prices will help
  + stars: | 2022-12-01 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +3 min
New York CNN Business —Family Dollar has lost ground in the dollar store race for years. “Family Dollar, from a pricing perspective, is in the best position in more than a decade.”The strategy appears to be working so far: Last quarter, foot traffic to Family Dollar stores increased for the first time in three years. Dollar Tree bought Family Dollar in 2014 for almost $9 billion, but these problems started before the acquisition, according to analysts. Some Wall Street investors have pressed Dollar Tree to sell Family Dollar. And new “H2” Family Dollar stores showcasing special Dollar Tree $1.25 merchandise sections and more freezers and refrigerators than traditional Family Dollar stores.
☆ Dollar Tree cuts 2022 profit view again as inflation threatens margins
  + stars: | 2022-11-22 | by ( Deborah Mary Sophia | ) www.reuters.com   time to read: +2 min
The increased footfall from discount-hunting shoppers helped the company lift its annual sales outlook and post a strong third quarter. An increase in prices at Dollar Tree banner stores to $1.25 from the traditional $1 supported margins during the period, but company executives said the lack of flexibility to adjust prices could lead to margin pressures in the short term. The price cuts, however, helped Family Dollar post its strongest quarterly same-store sales jump since 2020 and grow quarterly traffic for the first time in three years. Dollar Tree now expects annual per-share profit at the lower half of its previously estimated range of $7.10 to $7.40. The company raised its forecast for full-year net sales to between $28.14 billion and $28.28 billion, from $27.85 billion to $28.10 billion earlier.
☆ Evercore ISI upgrades Kroger, sees shares jumping 18% as inflation boosts grocery shopping
  + stars: | 2022-11-09 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +2 min
Now is the time to buy into shares of Kroger, according to Evercore ISI. The firm on Wednesday upgraded the grocery chain to outperform from in-line and raised its price target to $56 from $49. He also sees further potential for upside when the merger between Kroger and Albertsons is completed, adding fuel to his bull case for the stock. Albertsons merger boost The planned merger with Albertsons could add a nice kicker to Kroger shares at the end of the year. If the merger doesn't go as smoothly as hoped or price cuts hurt Kroger's sales, the upside that Evercore sees could fizzle.
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