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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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06/28/17
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General news
FX Update: The euro's ascent has continued »

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MRSN

Mersana Therapeutics

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Syndicate
Mersana Therapeutics 5M share IPO priced at $15.00 »

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BLUE

bluebird bio

$106.90

-4.2 (-3.78%)

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bluebird bio 3.81M share Secondary priced at $105.00 »

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ADNT

Adient

$63.20

-1.63 (-2.51%)

20:25
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Adient to hold a meeting »

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GIS

General Mills

$55.52

-0.65 (-1.16%)

, MON

Monsanto

$117.25

-0.55 (-0.47%)

20:25
06/27/17
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Notable companies reporting before tomorrow's open »

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GIS

General Mills

$55.52

-0.65 (-1.16%)

MON

Monsanto

$117.25

-0.55 (-0.47%)

PAYX

Paychex

$58.62

-0.62 (-1.05%)

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AAPL

Apple

$143.73

-2.09 (-1.43%)

19:32
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Periodicals
Apple looks to hire 'Siri Event Maven,' 9to5Mac reports »

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TOSBF

Toshiba, also use TOSYY

$2.60

-0.09 (-3.35%)

, TOSYY

Toshiba, also use TOSBF

$15.67

-0.24 (-1.51%)

19:22
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19:22
Periodicals
Toshiba to face holder wrath after failing to sell chip unit, Reuters says »

Toshiba is anticipated to…

TOSBF

Toshiba, also use TOSYY

$2.60

-0.09 (-3.35%)

TOSYY

Toshiba, also use TOSBF

$15.67

-0.24 (-1.51%)

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FB

Facebook

$150.58

-3.01 (-1.96%)

19:21
06/27/17
06/27
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19:21
Periodicals
Facebook previously explored effort to promote flu shots, CNBC reports »

Facebook was working with…

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AAPL

Apple

$143.73

-2.09 (-1.43%)

19:15
06/27/17
06/27
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19:15
Hot Stocks
Munster lays out five-year Apple model, sees 'Apple Glasses' wearable in 2020 »

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GOOG

Alphabet

$927.33

-24.94 (-2.62%)

, GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

19:02
06/27/17
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Hot Stocks
Senator urges FTC oversight of Google in wake of Europe fine »

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GOOG

Alphabet

$927.33

-24.94 (-2.62%)

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

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    Jul

APO

Apollo Global

$25.90

-0.33 (-1.26%)

18:58
06/27/17
06/27
18:58
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18:58
Periodicals
Apollo Global hits record-breaking $23.5B target for buyout fund, WSJ says »

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QCOM

Qualcomm

$55.43

-1.13 (-2.00%)

18:54
06/27/17
06/27
18:54
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18:54
Periodicals
Judge says FTC suit against Qualcomm can proceed, Reuters reports »

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LNEGY

Linde

$19.25

0.08 (0.42%)

18:53
06/27/17
06/27
18:53
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18:53
Periodicals
Linde unit agrees to $20M settlement deal in whistleblower case, Reuters says »

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HCHC

HC2 Holdings

$5.82

0.03 (0.52%)

18:50
06/27/17
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Hot Stocks
HC2 Holdings subsidiary to acquire major interest in DTVA »

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MRK

Merck

$65.54

-0.38 (-0.58%)

18:38
06/27/17
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Periodicals
Merck's cholesterol drug anacetrapib could serve as catalyst, Barron's reports »

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  • 22

    Sep

TROX

Tronox

$13.52

-0.25 (-1.82%)

18:37
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Hot Stocks
Tronox elects Kaufthal as non-executive chairman »

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ANCUF

Alimentation Couche-Tard

$49.16

1.0803 (2.25%)

, CST

CST Brands

$48.53

-0.01 (-0.02%)

18:19
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Hot Stocks
Alimentation Couche-Tard cleared in Canada for acquisition of CST Brands »

Alimentation Couche-Tard…

ANCUF

Alimentation Couche-Tard

$49.16

1.0803 (2.25%)

CST

CST Brands

$48.53

-0.01 (-0.02%)

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MSLI

Merus Labs

$1.23

-0.0015 (-0.12%)

18:01
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Hot Stocks
Merus Labs reminds shareholders to vote for arrangement with Norgine »

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EIGI

Endurance

$8.20

-0.15 (-1.80%)

18:01
06/27/17
06/27
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Hot Stocks
Endurance chief administration officer Andreasen to leave company »

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HII

Huntington Ingalls

$186.97

0.68 (0.37%)

17:41
06/27/17
06/27
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17:41
Hot Stocks
Huntington Ingalls receives contract modifications to incorporate upgrades »

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IP

International Paper

$56.18

-0.55 (-0.97%)

17:34
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Hot Stocks
International Paper agrees to settle Kleen Products class action litigation »

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HUSA

Houston American Energy

$0.67

0.0385 (6.10%)

17:33
06/27/17
06/27
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17:33
Syndicate
Houston American Energy requests withdrawal of registration statement »

The company determined…

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KBH

KB Home

$22.82

0.04 (0.18%)

, RYI

Ryerson

$9.00

-0.1 (-1.10%)

17:24
06/27/17
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: KB…

KBH

KB Home

$22.82

0.04 (0.18%)

RYI

Ryerson

$9.00

-0.1 (-1.10%)

AVAV

AeroVironment

$32.49

1.52 (4.91%)

CAMP

CalAmp

$19.25

-0.37 (-1.89%)

GMRE

Global Medical REIT

$9.83

0.07 (0.72%)

WLL

Whiting Petroleum

$5.48

0.04 (0.74%)

OAS

Oasis Petroleum

$7.93

0.21 (2.72%)

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  • 27

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  • 03

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  • 28

    Jun

CHKE

Cherokee

17:22
06/27/17
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17:22
Hot Stocks
Breaking Hot Stocks news story on Cherokee »

Cherokee says announcing…

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  • 17

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  • 18

    Jul

KBH

KB Home

$22.82

0.04 (0.18%)

17:16
06/27/17
06/27
17:16
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17:16
Hot Stocks
KB Home sees Q3 housing revenue $1.08B-$1.15B »

Sees Q3 average selling…

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