Wall Street retreats after surge; Caterpillar, financials fall

Kroger (KR) PT Lowered to $32 at Pivotal Research Following Mixed 4Q

Pivotal Research lowered its price target on Kroger (NYSE: KR) to $32.00 (from $35.00) while maintaining a Hold rating. Reported 4Q EPS was $0.53, $0.01 better than consensus. However, the top-line performance took a step backward with -0.7% IDs ex. fuel.

Analyst Ajay Jain commented, "The latest results at Kroger and Albertsons point to a rapidly... More

Jefferies Remains Sidelined on Kroger (KR) Following 4Q

Jefferies reiterated a Hold rating and $30.00 price target on Kroger (NYSE: KR) following the company's 4Q earnings report. Adjusted EPS of $0.53 fell short of the $0.52 consensus. KR provided 2017 EPS guidance of $2.21-2.25 vs.$2.23 consensus.

Analyst Christopher Mandeville commented, "As expected, 4Q16 comps/EPS (ex $0.02... More

Aegis Capital Formally Starts Snap (SNAP) at Hold

Aegis Capital formally initiates coverage on Snap Inc. (NYSE: SNAP) with a Hold rating and a price target of $22.00 (orig from 02/28).

Victor Anthony commented, "Our concerns about Snaps business and stock are eight-fold: 1) slow user growth and no growth in some regions same issue with Sell-rated Twitter; 2) the ease by which... More

Instinet Starts Snap Inc (SNAP) at Reduce

Instinet initiates coverage on Snap Inc (NYSE: SNAP) with a Reduce rating and a price target of $16.00.

Analyst Anthony DiClemente commented, "Snap Inc. is becoming a public company just as its user growth and monetization growth rates are beginning to meaningfully... More

Feds seeking tax docs in search at Caterpillar (CAT) facilities; tax employees asked to leave building - CNBC

Feds seeking tax docs in search at Caterpillar (NYSE: CAT) facilities; tax employees asked to leave building - CNBC