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SBMRY

SABMiller

$57.53

-0.56 (-0.96%)

, BUD

AB InBev

$129.32

0.41 (0.32%)

13:10
10/04/16
10/04
13:10
10/04/16
13:10

Asahi to offer over $4.87B for SABMiller's Eastern Europe business, Nikkei says

Asahi intends to offer over $4.87B for SABMiller's (SBMRY) beer operations in five Eastern European countries, Nikkei Asian Review reports. Anheuser-Busch InBev (BUD) will take over SABMiller next week, the report notes. AB InBev will entertain bids soon for SABMiller's beer operations in the Czech Republic, Poland, Hungary, Slovakia, and Romania, the report says. Other suitors may be Asian brewers and European investment funds, the report says. Reference Link

SBMRY

SABMiller

$57.53

-0.56 (-0.96%)

BUD

AB InBev

$129.32

0.41 (0.32%)

SBMRY SABMiller
$57.53

-0.56 (-0.96%)

03/22/16
03/22/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. EP Energy (EPE) downgraded to Underperform and Underweight at BofA/Merrill and Capital One, respectively, with analysts saying EP Energy's planned sale of Haynesville for $420mm is not a surprise and balance sheet headwinds remain. BofA/Merrill continues to see leverage as a headwind and does not see how the company can live within its cash flow while production declines in 2016. 2. Amazon.com (AMZN) downgraded to Outperform at Raymond James by analyst Aaron Kessler, who expects Amazon's pace of margin expansion to slow and he sees increased competition to its Web Services unit from Google's (GOOG, GOOGL) Cloud Platform. 3. Copa Holdings (CPA) downgraded to Sell at Evercore ISI by analyst Duane Pfennigwerth, who cited recent shares strength. 4. Infinity Pharmaceuticals (INFI) downgraded to Underperform from Neutral at Wedbush. 5. SABMiller (SBMRY) downgraded to Underperform at CLSA. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/16
STFL
07/19/16
NO CHANGE
STFL
SABMiller deal could be blocked, terms may be sweetened says Stifel
Stifel believes that a minority SABMiller (SBMRY) shareholders could "effectively block" the company's proposed acquisition by AB InBev (BUD). The firm thinks that the deal's small premium and "the illiquidity" of AB's stock that would be transferred in the alternative, partial stock offering could motivate SABMiller's shareholders to block the deal. The firm thinks that AB InBev could sweeten the terms of the deal.
07/29/16
SBSH
07/29/16
UPGRADE
Target $115
SBSH
Buy
Molson Coors upgraded to Buy from Neutral at Citi
Citi analyst Wendy Nicholson upgraded Molson Coors (TAP) to Buy citing the recent pullback in the shares. The analyst is optimistic that both the AB InBev (BUD)/SABMiller (SBMRY) and Molson Coors/MillerCoors transactions will close in early Fall 2016. Nicholson raised her price target for the shares to $115 from $101.
09/29/16
HSBC
09/29/16
NO CHANGE
HSBC
Buy
AB InBev's goal may be to acquire Coca-Cola, says HSBC
HSBC analyst Anthony Bucalo says SABMiller's (SBMRY) merger with AB InBev (BUD), which its shareholders just approved, will impact "nearly every major company across global beverages," especially Heinenken (HINKY). The combined company "represents a strong vehicle for another transaction" if InBev management chooses to do so, Bucalo tells investors in a research note dated yesterday. The analyst believes AB InBev's ultimate goal is the possible acquisition of The Coca-Cola Company (KO). The entire Coca-Cola bottling system, especially for Mexican giant FEMSA (FMX), is impacted by SABMiller joining with AB InBev, Bucalo contends.
BUD AB InBev
$129.32

0.41 (0.32%)

09/06/16
ROTH
09/06/16
NO CHANGE
Target $25
ROTH
Buy
Craft Brew price target raised to $25 from $20 at Roth Capital
Roth Capital analyst Anton Brenner raised his price target for Craft Brew (BREW) to $25 from $20 saying its new distribution agreement with AB InBev (BUD) should provide "significant benefits" to the company. Craft Brew will benefit from the elimination of a scheduled step-up in the per-case distribution fee, a contract brewing arrangement and a new international distribution agreement, the analyst tells investors in a research note. Further, Brenner believes the deal also establishes a three-year floor price for an acquisition of Craft Brew of $22.00-$24.50. He reiterates a Buy rating on Craft Brew's shares.
09/13/16
JEFF
09/13/16
INITIATION
Target $146
JEFF
Buy
AB InBev initiated with a Buy at Jefferies
Jefferies analyst Edward Mundy started AB InBev with a Buy rating and $146 price target. Mundy views the company as a long-term winner in beer and a "must-own large-cap staples stock."
09/13/16
09/13/16
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. Chevron (CVX) initiated with an Outperform at BMO Capital. 2. AB InBev (BUD) initiated with a Buy at Jefferies. 3. Altria Group (MO) and Reynolds American (RAI) were initiated with a Buy at Citi while the firm initiated Philip Morris (PM) with a Neutral. 4. Under Armour (UA) initiated with a Neutral at Nomura. 5. Xerox (XRX) initiated with a Buy at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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BCRX

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MU

Micron

$35.97

0.02 (0.06%)

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$DJT

DJ Transportation Average

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ETR

Entergy

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$DJU

DJ Utility Average

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DJX

Dow Jones Industrial Average

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UFI

Unifi

$32.91

0.09 (0.27%)

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Conference/Events
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IYT

iShares Transportation Average

$174.15

2.54 (1.48%)

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XLK

Technology Select Sector SPDR

$58.81

-0.24 (-0.41%)

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LPCN

Lipocine

$4.00

0.07 (1.78%)

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XLE

Energy Select Sector SPDR

$66.84

0.45 (0.68%)

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XLY

Consumer Discretionary Sector SPDR

$89.54

0.3 (0.34%)

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XLB

S&P Select Materials SPDR

$56.87

0.2 (0.35%)

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XLU

Utilities SPDR

$53.68

-0.4 (-0.74%)

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XLP

Consumer Staples Sector SPDR

$54.60

-0.53 (-0.96%)

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HKMPY

Hikma

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XLV

Health Care Select Sector SPDR

$82.00

0.08 (0.10%)

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SUP

Superior Industries

$16.00

0.45 (2.89%)

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Conference/Events
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IWM

iShares Trust Russell 2000 Index Fund

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DIA

Diamonds Fund ETF

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