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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

ARCW

ARC Group

$3.85

0.05 (1.32%)

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CHSP

Chesapeake Lodging

$24.70

0.29 (1.19%)

16:27
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Chesapeake Lodging reports Q1 adjusted FFO 41c »

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BXMT

Blackstone Mortgage

$30.91

0.28 (0.91%)

16:26
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Blackstone Mortgage reports Q1 core EPS 61c, consensus 63c »

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CCUR

Concurrent

$4.94

0.0626 (1.28%)

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Concurrent announces availability of Origin Release 3 »

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UHS

Universal Health

$121.42

0.52 (0.43%)

16:25
04/25/17
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Earnings
Universal Health reports Q1 adjusted EPS $2.10, consensus $2.07 »

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PCG

PG&E

$67.66

-0.13 (-0.19%)

, EIX

Edison International

$80.82

-0.12 (-0.15%)

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PG&E, CA energy companies propose reforms to CPUC »

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PG&E

$67.66

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EIX

Edison International

$80.82

-0.12 (-0.15%)

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DECK

Deckers Brands

$58.74

0.4 (0.69%)

16:25
04/25/17
04/25
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16:25
Technical Analysis
Deckers Brands spikes after saying it will review strategic alternatives »

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AVXS

AveXis

$78.74

-0.44 (-0.56%)

16:25
04/25/17
04/25
16:25
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16:25
Conference/Events
AveXis to hold a conference call »

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TRN

Trinity Industries

16:24
04/25/17
04/25
16:24
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16:24
Earnings
Trinity Industries sees 2017 EPS $1.00-$1.25 vs. prior outlook $1.00-$1.35 

Consensus $1.23.

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  • 26

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CHFC

Chemical Financial

$50.36

-0.35 (-0.69%)

16:24
04/25/17
04/25
16:24
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16:24
Earnings
Chemical Financial reports Q1 EPS 71c, consensus 70c »

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WK

Workiva

$16.80

-0.05 (-0.30%)

16:24
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04/25
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Hot Stocks
Workiva partners with Fastpath »

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  • 04

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UVE

Universal Insurance

$23.35

0.45 (1.97%)

16:24
04/25/17
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Earnings
Universal Insurance reports Q1 EPS 86c, consensus 80c »

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  • 26

    Apr

CCI

Crown Castle

$94.27

-0.44 (-0.46%)

16:23
04/25/17
04/25
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Syndicate
Crown Castle 4.75M share Spot Secondary; price range $93.57-$94.27 »

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TRN

Trinity Industries

16:23
04/25/17
04/25
16:23
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Earnings
Trinity Industries reports Q1 EPS 30c, consensus 30c »

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SPN

Superior Energy

$13.47

0.47 (3.62%)

16:23
04/25/17
04/25
16:23
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Earnings
Superior Energy reports Q1 EPS (59c), consensus (61c) »

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ZIXI

ZixCorp

$5.21

-0.14 (-2.62%)

16:23
04/25/17
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Earnings
ZixCorp backs FY17 adjusted EPS view of 28c, consensus 27c »

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  • 25

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EW

Edwards Lifesciences

$98.92

0.96 (0.98%)

16:23
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Technical Analysis
Edwards Lifesciences spikes higher after results »

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CVA

Covanta

$15.10

0.2 (1.34%)

16:23
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Hot Stocks
Covanta sees FY17 adjusted EBITDA $400M-$440M »

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  • 26

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DECK

Deckers Brands

$58.74

0.4 (0.69%)

16:22
04/25/17
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Hot Stocks
Deckers Brands to review strategic alternatives »

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JBT

John Bean Technologies

$92.35

1.3 (1.43%)

16:22
04/25/17
04/25
16:22
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16:22
Earnings
John Bean Technologies sees Q2 cont ops EPS 50c, consensus 77c »

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  • 26

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CVA

Covanta

$15.10

0.2 (1.34%)

16:22
04/25/17
04/25
16:22
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16:22
Earnings
Covanta reports Q1 adjusted EPS (37c), consensus (20c) »

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  • 26

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ZIXI

ZixCorp

$5.21

-0.14 (-2.62%)

16:22
04/25/17
04/25
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Earnings
ZixCorp sees Q2 EPS 6c, consensus 7c »

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  • 25

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DZSI

DASAN Zhone

$5.97

-0.01 (-0.17%)

16:22
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Hot Stocks
DASAN Zhone announces continued stay of suspension of listing »

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MC

Moelis

$38.75

-0.15 (-0.39%)

16:21
04/25/17
04/25
16:21
04/25/17
16:21
Earnings
Moelis reports Q1 adjusted EPS 54c, consensus 41c »

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  • 25

    Apr

TSS

TSYS

$54.31

0.5 (0.93%)

16:21
04/25/17
04/25
16:21
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16:21
Earnings
TSYS raises 2017 adjusted EPS outlook to $3.16-$3.26, consensus $3.13 »

Raises 2017 revenue…

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