BTIG On Hardline/Broadline: Seven Buy Ratings, Four Neutrals, Two Sells

BTIG Research analysts Alan Rifkin and Marvin Fong initiated coverage on 13 stocks in the Hardline/Broadline Retail sector Wednesday afternoon. The analysts initiated coverage on seven stocks with a Buy rating, four with a Neutral rating and two with Sell ratings.

"E-Commerce Remains the Irresistible Force in retail. While no one is immune, autoparts, home improvement, & dollar stores are insulated – we like this. Only three BTIG Hardlines companies have e-comm revenues over 10% of sales -- this needs to rise in the future," according to the BTIG analysts.

Home Improvement

• Home Depot Inc HD - Buy rating, $155 price target
• Lowe's Companies, Inc. LOW - Buy, $93 target

Dollar Stores

• Dollar General Corp. DG - Buy, $105
• Dollar Tree, Inc. DLTR - Buy, $104

Auto Parts

• AutoZone, Inc. AZO - Buy, $900
• O'Reilly Automotive Inc ORLY - Buy, $310
• Advance Auto Parts, Inc. AAP - Sell, $120

Home Furnishing

• Bed Bath & Beyond Inc. BBBY - Neutral
• Pier 1 Imports Inc PIR - Neutral
• Williams-Sonoma, Inc. WSM - Sell, $45

Miscellaneous

• Tractor Supply Company TSCO - Buy, $115
• Michaels Companies Inc MIK - Neutral
• Best Buy Co Inc BBY - Neutral