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DPS

Dr Pepper Snapple

$87.62

-3.14 (-3.46%)

09:48
10/04/16
10/04
09:48
10/04/16
09:48

Dr Pepper Snapple breaks down, topping process underway

The stock has broken not only the support band at $90, but the lows at the $86 area which have held as support since late 2015. On a 5-year chart, the topping process is clear and this is bearish for future price. Next support based on the current price of $85.78 is at $84.13. Resistance is at $86.86.

DPS Dr Pepper Snapple
$87.62

-3.14 (-3.46%)

09/16/16
09/16/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. GoPro (GPRO) initiated with a Buy at BofA/Merrill. 2. JetBlue (JBLU) initiated with an Outperform at Imperial Capital. 3. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Monster Beverage (MNST) were initiated with an Outperform at Credit Suisse, while the firm initiated Boston Beer (SAM) with an Underperform. Credit Suisse also initiated Coca-Cola (KO) and Constellation Brands (STZ) with a Neutral. 4. lululemon (LULU) initiated with a Positive at Susquehanna. 5. Target (TGT) coverage assumed with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/04/16
BERN
10/04/16
NO CHANGE
Target $92
BERN
Market Perform
Dr Pepper Snapple top line at risk if Bai business lost, says Bernstein
After Reuters reported that Bai, the seller of antioxidant infusion drinks that is allied with Dr Pepper Snapple and in which the beverage company has a minority equity investment, is exploring a potential sale, Bernstein analyst Ali Dibadj said the firm's analysis suggests that the loss of Bai from Dr Pepper's system could result in a meaningful 100 basis point drag on the company's top line. Allied brands distributed by Dr. Pepper, like Bai, have been driving at least half of its topline growth recently, added Dibadj, who keeps a Market Perform rating on the stock.
10/04/16
EVER
10/04/16
DOWNGRADE
EVER
Hold
Dr Pepper Snapple downgraded to Hold from Buy at Evercore ISI
10/04/16
10/04/16
DOWNGRADE

Hold
Dr Pepper Snapple downgraded on Bai Brands potential sale at Evercore ISI
As previously reported, Evercore ISI downgraded Dr Pepper Snapple to Hold form Buy. Analyst Robert Ottenstein said reports that Bai Brands is looking for a new owner are credible and could change investor's psychology on the stock and its Allied Brands business. The analyst believes Bai Brands will get sold and result in loss of distribution, negatively impacting earnings by 20c-25c. Further, Ottenstein said consumers are increasingly concerned about sugar and it is on the radar screen of local governments as a revenue source.

TODAY'S FREE FLY STORIES

JUNO

Juno Therapeutics

$20.42

-0.01 (-0.05%)

23:25
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Conference/Events
Juno Therapeutics to host analyst and investor meeting »

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  • 05

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SGEN

Seattle Genetics

$66.26

-0.44 (-0.66%)

22:55
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Seattle Genetics to hold an investor reception »

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  • 05

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GNMSF

Genmab

$171.98

3.9767 (2.37%)

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Genmab to hold data review meeting »

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  • 05

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TGTX

TG Therapeutics

$5.70

0.2 (3.64%)

22:25
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Conference/Events
TG Therapeutics to hold an investor and analyst reception »

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  • 05

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RHHBY

Roche

$27.67

0.47 (1.73%)

20:25
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Conference/Events
Roche to hold an analyst meeting »

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  • 05

    Dec

AZO

AutoZone

$776.42

-7.32 (-0.93%)

, HDS

HD Supply

$39.75

0.67 (1.71%)

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Earnings
Notable companies reporting before tomorrow's open »

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AZO

AutoZone

$776.42

-7.32 (-0.93%)

HDS

HD Supply

$39.75

0.67 (1.71%)

MIK

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0.34 (1.42%)

TOL

Toll Brothers

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1.15 (3.92%)

BOBE

Bob Evans

$46.77

1.05 (2.30%)

CONN

Conn's

$11.20

0.4 (3.70%)

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  • 05

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GDDY

GoDaddy

$34.74

1.45 (4.36%)

20:14
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GoDaddy acquires WP Curve »

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BDC

Belden

$74.99

0.9 (1.21%)

20:10
12/05/16
12/05
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20:10
Earnings
Belden sees FY17 adjusted EPS $5.00-$5.25, consensus $5.23 »

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  • 05

    Dec

SGMO

Sangamo

19:39
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Sangamo reports preclinical, manufacturing data on SB-525, says IND on track »

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  • 05

    Dec

SGEN

Seattle Genetics

$66.26

-0.44 (-0.66%)

, BMY

Bristol-Myers

$55.55

-0.41 (-0.73%)

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Seattle Genetics, Bristol-Myers: Data supports ADCETRIS, Opdivo combo »

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SGEN

Seattle Genetics

$66.26

-0.44 (-0.66%)

BMY

Bristol-Myers

$55.55

-0.41 (-0.73%)

03/08/13
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  • 05

    Dec

  • 07

    Dec

LGIH

LGI Homes

$32.34

0.45 (1.41%)

19:36
12/05/16
12/05
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19:36
Hot Stocks
LGI Homes reports November home closings up 28.9% y/y »

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CELG

Celgene

$116.56

-1.07 (-0.91%)

19:36
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Hot Stocks
Celgene reports analysis of three CC-486 studies »

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  • 06

    Dec

BLUE

bluebird bio

$72.15

2.4 (3.44%)

19:35
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Hot Stocks
bluebird bio provides updates on HSC gene therapy programs »

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AGIO

Agios Pharmaceuticals

$49.88

-7.09 (-12.45%)

19:33
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Agios 'encouraged' by durable clinical activity of AG-120 »

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MRK

Merck

$60.25

-0.88 (-1.44%)

19:31
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Merck: KEYNOTE-087 trial data shows oORR of 69%, CRR of 22.4% »

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  • 06

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  • 08

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TWX

Time Warner

$93.34

-0.46 (-0.49%)

, T

AT&T

$38.63

0.02 (0.05%)

19:29
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Periodicals
Time Warner 'struggling to expand' HBO Now, NY Post says »

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TWX

Time Warner

$93.34

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T

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  • 05

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BP

BP

, REPYY

Repsol

$13.88

0.25 (1.83%)

19:18
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BP acquires Repsol stake in Indonesia LNG plant, Reuters says »

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Repsol

$13.88

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FOSUF

Fosun

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Liberty Mutual to acquire Fosun subsidiary Ironshore for roughly $3B »

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VZ

Verizon

$49.75

-0.06 (-0.12%)

, YHOO

Yahoo

$40.20

0.13 (0.32%)

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Periodicals
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VZ

Verizon

$49.75

-0.06 (-0.12%)

YHOO

Yahoo

$40.20

0.13 (0.32%)

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  • 05

    Dec

  • 24

    Jan

TUWOY

Tullow Oil

$2.06

0.109 (5.58%)

18:46
12/05/16
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18:46
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18:46
Downgrade
Tullow Oil rating change  »

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GBNK

Guaranty Bancorp

$22.15

0.75 (3.50%)

18:43
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ATKR

Atkore

$20.48

-0.18 (-0.87%)

18:41
12/05/16
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Syndicate
Atkore files to sell 8M shares of common stock for holders »

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UTX

United Technologies

$107.42

-0.8 (-0.74%)

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United Technologies CEO: No quid pro quo on taxes in Carrier deal with Trump »

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IPDN

Professional Diversity Network

$9.75

-0.01 (-0.10%)

18:37
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Breaking Hot Stocks news story on Professional Diversity Network »

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DHXM

DHX Media

$5.05

-0.36 (-6.65%)

18:33
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Breaking Hot Stocks news story on DHX Media »

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