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STZ

Constellation Brands

$165.85

0.34 (0.21%)

, PDRDY

Pernod Ricard

$23.84

0.1 (0.42%)

20:03
10/04/16
10/04
20:03
10/04/16
20:03

Constellation wins fight for craft whiskey company High West, WSJ says

Constellation Brands (STZ) has purchase craft whiskey company High West Distillery for roughly $160M, reports the Wall Street Journal. Constellation's wine and spirits VP Bill Newlands said the company plans to make additional acquisitions and investments in liquor, according to the report. Sources told the Journal that Constellation beat out several competing bidders, including Pernod (PDRDY) and LVMH (LVMUY). Reference Link

STZ

Constellation Brands

$165.85

0.34 (0.21%)

PDRDY

Pernod Ricard

$23.84

0.1 (0.42%)

LVMUY

LVMH

$34.73

0.69 (2.03%)

  • 05

    Oct

  • 09

    Nov

STZ Constellation Brands
$165.85

0.34 (0.21%)

09/28/16
RBCM
09/28/16
NO CHANGE
RBCM
Constellation Brands removed from Focus List at RBC Capital
RBC Capital analyst Nik Modi, noting that Constellation Brands' stock is up 16% this year, thinks that the stock could pause in the near-term "around the company's results." He notes that analysts are already expecting the company to report beat and raise results. Modi keeps a $181 price target and Outperform rating on the shares, but he removed the stock from the firm's Focus List.
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.
09/15/16
FBCO
09/15/16
INITIATION
Target $178
FBCO
Neutral
Constellation Brands initiated with a Neutral at Credit Suisse
Credit Suisse analyst Laurent Grandet initiated coverage on Constellation Brands with a Neutral and a $178 price target saying high expectations are built into shares.
09/15/16
FBCO
09/15/16
INITIATION
FBCO
Neutral
Constellation Brands initiated with a Neutral at Credit Suisse
PDRDY Pernod Ricard
$23.84

0.1 (0.42%)

09/13/16
JEFF
09/13/16
UPGRADE
JEFF
Buy
Pernod Ricard upgraded to Buy from Hold at Jefferies
08/24/16
JPMS
08/24/16
DOWNGRADE
JPMS
Underweight
Pernod Ricard downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Komal Dhillon downgraded Pernod Ricard to Underweight from Neutral, as he believes market expectations remain too high and don't reflect the gradual pace of recovery for its cognac business in China, the investment needed to drive U.S. growth or the impact on margins in India.
LVMUY LVMH
$34.73

0.69 (2.03%)

04/06/16
RAJA
04/06/16
UPGRADE
RAJA
Strong Buy
LVMH upgraded to Strong Buy from Outperform at Raymond James
01/13/16
01/13/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Neutral from Buy at Goldman... Ameriprise (AMP) downgraded to Market Perform from Outperform at Wells Fargo... Anchor BanCorp Wisconsin (ABCW) downgraded to Hold from Buy at Sandler O'Neill... ArcelorMittal (MT) downgraded to Underperform from Hold at Jefferies... Aspen Technology (AZPN) downgraded to Hold from Buy at Benchmark... BOK Financial (BOKF) downgraded to Underperform from Neutral at Macquarie... Bunzl (BZLFY) downgraded to Sell from Neutral at Goldman... CST Brands (CST) downgraded to Equal Weight from Overweight at Stephens... Charles Schwab (SCHW) downgraded to Neutral from Buy at BofA/Merrill... Church & Dwight (CHD) downgraded to Sell from Neutral at Goldman... Cimpress (CMPR) downgraded to Underweight from Equal Weight at Barclays... Conn's (CONN) downgraded on multiple headwinds at Stifel... Cullen/Frost (CFR) downgraded to Underweight from Equal Weight at Barclays... Dialog Semiconductor (DLGNF) downgraded to Underweight from Neutral at JPMorgan... Dover (DOV) downgraded to Sell from Neutral at UBS... Dr Pepper Snapple (DPS) downgraded to Sell from Neutral at Goldman... First American (FAF) downgraded to Sell from Neutral at Goldman... Goldcorp (GG) downgraded to Neutral from Outperform at Credit Suisse... Intelsat (I) downgraded to Sell from Neutral at Goldman... Janus Capital (JNS) downgraded to Neutral from Overweight at JPMorgan... LVMH (LVMUY) downgraded to Equal Weight from Overweight at Barclays... Landstar System (LSTR) downgraded to Market Perform from Outperform at William Blair... Lincoln National (LNC) downgraded to Market Perform from Outperform at Wells Fargo... Lloyds Banking (LYG) downgraded to Underperform from Neutral at Exane BNP Paribas... National Grid (NGG) downgraded to Sell from Neutral at UBS... PennyMac Financial (PFSI) downgraded to Neutral from Buy at Goldman... Plains All American (PAA) downgraded to Equalweight from Overweight at Capital One... Plains GP Holdings (PAGP) downgraded to Hold from Buy at Stifel... Roadrunner (RRTS) downgraded to Market Perform from Outperform at William Blair... Starwood Property (STWD) downgraded to Neutral from Buy at Goldman... TimkenSteel (TMST) downgraded to Hold from Buy at Jefferies... Ultra Petroleum (UPL) downgraded to Sell from Neutral at UBS... Under Armour (UA) downgraded to Mixed from Positive at OTR Global... Whiting Petroleum (WLL) downgraded to Neutral from Buy at UBS.
01/13/16
LEHM
01/13/16
DOWNGRADE
LEHM
Equal Weight
LVMH downgraded to Equal Weight from Overweight at Barclays
01/11/16
01/11/16
UPGRADE

On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AU Optronics (AUO) upgraded to Neutral from Underweight at JPMorgan... Air Products (APD) upgraded to Overweight from Sector Weight at KeyBanc... Amedisys (AMED) upgraded to Market Perform from Underperform at Raymond James... Ameriprise (AMP) upgraded to Outperform from Neutral at Credit Suisse... Analog Devices (ADI) upgraded to Outperform from Market Perform at Wells Fargo... Apple (AAPL) upgraded to Buy from Neutral at Mizuho... BAE Systems (BAESY) upgraded to Overweight from Neutral at JPMorgan... BNP Paribas (BNPQY) upgraded to Buy from Hold at Deutsche Bank... BNY Mellon (BK) upgraded to Conviction Buy from Neutral at Goldman... Banco Santander (SAN) upgraded to Outperform from Underperform at Exane BNP Paribas... Beiersdorf (BDRFF) upgraded to Neutral from Sell at Goldman... CEVA (CEVA) upgraded to Buy from Neutral at Ladenburg... Celanese (CE) upgraded to Buy from Neutral at SunTrust... Children's Place (PLCE) upgraded to Overweight at Morgan Stanley... Citizens Financial (CFG) upgraded to Buy from Neutral at Goldman... Clayton Williams (CWEI) upgraded to Market Perform from Underperform at Cowen... Concho Resources (CXO) upgraded to Outperform from Market Perform at Cowen... Crane (CR) upgraded to Buy from Hold at Vertical Research... Credit Agricole (CRARY) upgraded to Buy from Hold at Deutsche Bank... Denbury Resources (DNR) upgraded to Market Perform from Underperform at Cowen... Devon Energy (DVN) upgraded to Overweight from Equal Weight at Barclays... Discover (DFS) upgraded to Buy from Hold at Evercore ISI... Energen (EGN) upgraded to Outperform from Market Perform at Cowen... FS Investment (FSIC) upgraded to Buy from Hold at Cantor... First Horizon (FHN) upgraded to Buy from Hold at Evercore ISI... General Dynamics (GD) upgraded to Outperform from Market Perform at Cowen... General Motors (GM) upgraded to Outperform from Neutral at Credit Suisse... Genesco (GCO) upgraded to Overweight at Morgan Stanley... Hanesbrands (HBI) upgraded to Buy from Neutral at Nomura... Imperva (IMPV) upgraded to Buy from Neutral at Guggenheim... International Paper (IP) upgraded to Outperform from Sector Perform at RBC Capital... KeyCorp (KEY) upgraded to Buy from Neutral at Goldman... LVMH (LVMUY) upgraded to Neutral from Underperform at Credit Suisse... Laredo Petroleum (LPI) upgraded to Outperform from Market Perform at Cowen... Marathon Oil (MRO) upgraded to Overweight from Equal Weight at Barclays... Medifast (MED) upgraded to Buy from Neutral at Sidoti... Melco Crown (MPEL) upgraded to Overweight from Equal Weight at Morgan Stanley... Mellanox (MLNX) upgraded to Outperform on leverage to data growth at Credit Suisse... NASDAQ (NDAQ) upgraded to Neutral from Sell at Goldman... Newfield Exploration (NFX) upgraded to Outperform from Market Perform at Wells Fargo... OMA Airports (OMAB) upgraded to Neutral from Sell at Goldman... ONEOK (OKE) upgraded to Buy from Hold at Argus... Owens Corning (OC) upgraded on favorable risk/reward at RBC Capital... Patterson-UTI (PTEN) upgraded to Outperform from Market Perform at Wells Fargo... Pinnacle Foods (PF) upgraded to Outperform from Market Perform at BMO Capital... Pioneer Natural (PXD) upgraded to Equal Weight from Underweight at Barclays... RPC, Inc. (RES) upgraded to Outperform from Market Perform at Wells Fargo... RSP Permian (RSPP) upgraded to Outperform from Market Perform at Cowen... Rayonier Advanced Materials (RYAM) upgraded to Sector Perform from Underperform at RBC Capital... Regal-Beloit (RBC) upgraded to Overweight from Equal Weight at Morgan Stanley... Sanderson Farms (SAFM) upgraded to Overweight from Neutral at JPMorgan... Santander Mexico (BSMX) upgraded to Neutral from Underperform at BofA/Merrill... Southwest (LUV) upgraded to Equal Weight from Underweight at Morgan Stanley... Spectra Energy Partners (SEP) upgraded to Overweight from Equal Weight at Barclays... Superior Energy (SPN) upgraded to Outperform from Market Perform at Wells Fargo... Syntel (SYNT) upgraded to Neutral from Underweight at JPMorgan... U.S. Silica (SLCA) upgraded to Outperform from Market Perform at Wells Fargo... United Bankshares (UBSI) upgraded to Neutral at Boenning & Scattergood... Virtu Financial (VIRT) upgraded to Buy from Neutral at Goldman... Weatherford (WFT) upgraded to Outperform from Market Perform at Wells Fargo... Wells Fargo (WFC) upgraded to Buy from Neutral at Goldman... Whiting Petroleum (WLL) upgraded to Outperform from Market Perform at Wells Fargo... Wyndham (WYN) upgraded to Hold from Sell at Deutsche Bank.

TODAY'S FREE FLY STORIES

PH

Parker-Hannifin

$161.98

-2.56 (-1.56%)

08:15
04/28/17
04/28
08:15
04/28/17
08:15
Recommendations
Parker-Hannifin analyst commentary  »

Parker-Hannifin price…

03/08/13
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03/06/13
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08:15
04/28/17
04/28
08:15
04/28/17
08:15
General news
U.S. Q1 GDP preview: »

U.S. Q1 GDP preview:…

08:15
04/28/17
04/28
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04/28/17
08:15
General news
Real GDP to be reported at 08:30 »

Real GDP will be reported…

08:15
04/28/17
04/28
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04/28/17
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General news
Employment Cost Index ECI to be reported at 08:30 »

Employment Cost Index ECI…

08:15
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04/28
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04/28/17
08:15
General news
GDP price index to be reported at 08:30 »

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DB

Deutsche Bank

$18.15

-0.69 (-3.66%)

, C

Citi

$59.39

-0.55 (-0.92%)

08:14
04/28/17
04/28
08:14
04/28/17
08:14
Hot Stocks
Deutsche Bank confirms James von Moltke to succeed Marcus Schenck as CFO »

Deutsche Bank's (DB)…

DB

Deutsche Bank

$18.15

-0.69 (-3.66%)

C

Citi

$59.39

-0.55 (-0.92%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 31

    May

  • 25

    Jul

WDC

Western Digital

$85.71

1.1 (1.30%)

08:14
04/28/17
04/28
08:14
04/28/17
08:14
Downgrade
Western Digital rating change  »

Western Digital…

03/08/13
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AMZN

Amazon.com

$918.38

9.09 (1.00%)

08:13
04/28/17
04/28
08:13
04/28/17
08:13
Recommendations
Amazon.com analyst commentary  »

Amazon.com price target…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 16

    May

  • 16

    May

  • 23

    May

LH

LabCorp

$139.68

0.99 (0.71%)

08:13
04/28/17
04/28
08:13
04/28/17
08:13
Hot Stocks
LabCorp to exclusively offer M3 Checklist for mental illness »

LabCorp and M-3…

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03/06/13
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03/06/13
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  • 11

    May

ATTO

Atento

$8.85

-0.1 (-1.12%)

08:13
04/28/17
04/28
08:13
04/28/17
08:13
Earnings
Atento announces prepayment of $27M Brazilian debentures »

Atento made a $26.7M…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 09

    May

  • 11

    May

08:12
04/28/17
04/28
08:12
04/28/17
08:12
Conference/Events
Cowen analysts hold an analyst/industry conference call »

Analysts provide an…

TER

Teradyne

$36.35

2.58 (7.64%)

08:12
04/28/17
04/28
08:12
04/28/17
08:12
Recommendations
Teradyne analyst commentary  »

Teradyne price target…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 02

    May

  • 03

    May

  • 04

    May

  • 21

    Jun

EXPE

Expedia

$136.20

0.45 (0.33%)

08:12
04/28/17
04/28
08:12
04/28/17
08:12
Recommendations
Expedia analyst commentary  »

Expedia price target…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 08

    May

  • 16

    May

LLL

L3 Technologies

$173.94

2.18 (1.27%)

08:12
04/28/17
04/28
08:12
04/28/17
08:12
Recommendations
L3 Technologies analyst commentary  »

L3 Technologies price…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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ZBH

Zimmer Biomet

$118.10

-7.22 (-5.76%)

, SYK

Stryker

$135.37

-0.82 (-0.60%)

08:11
04/28/17
04/28
08:11
04/28/17
08:11
Downgrade
Zimmer Biomet, Stryker rating change  »

Zimmer Biomet downgraded…

ZBH

Zimmer Biomet

$118.10

-7.22 (-5.76%)

SYK

Stryker

$135.37

-0.82 (-0.60%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 03

    May

  • 03

    May

  • 04

    May

PTEN

Patterson-UTI

$21.93

-1.07 (-4.65%)

08:11
04/28/17
04/28
08:11
04/28/17
08:11
Recommendations
Patterson-UTI analyst commentary  »

Patterson-UTI weakness a…

03/08/13
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  • 01

    May

MGA

Magna

$41.40

0.56 (1.37%)

08:11
04/28/17
04/28
08:11
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08:11
Hot Stocks
Magna enters joint venture with Chinese seating supplier »

Magna has entered into a…

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  • 11

    May

  • 11

    May

XOM

Exxon Mobil

$81.26

-0.14 (-0.17%)

08:11
04/28/17
04/28
08:11
04/28/17
08:11
Hot Stocks
Exxon Mobil says Q1 Chemical earnings impacted primarily by lower margins »

Exxon Mobil reports Q1…

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03/06/13
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  • 28

    Apr

RWLK

ReWalk Robotics

$1.45

-0.2 (-12.12%)

08:10
04/28/17
04/28
08:10
04/28/17
08:10
Hot Stocks
ReWalk Robotics names Jodi Gricci as Chief Commercial Officer »

ReWalk Robotics announced…

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  • 04

    May

HON

Honeywell

$129.88

-0.22 (-0.17%)

08:10
04/28/17
04/28
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08:10
Periodicals
Honeywell talks with Third Point still friendly, CNBC's Faber says »

Talks between Honeywell…

03/08/13
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  • 31

    May

FSS

Federal Signal

$15.38

0.98 (6.81%)

08:10
04/28/17
04/28
08:10
04/28/17
08:10
Hot Stocks
Federal Signal awarded $128K of legal costs in hearing loss litigation »

Federal Signal announced…

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CVM

CEL-SCI

$0.10

-0.0099 (-9.00%)

08:09
04/28/17
04/28
08:09
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08:09
Hot Stocks
CEL-SCI says European Patent office to grant new Multikine patent »

CEL-SCI Corporation…

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SYF

Synchrony

$33.05

-0.18 (-0.54%)

08:09
04/28/17
04/28
08:09
04/28/17
08:09
Technical Analysis
Synchrony drops sharply after earnings miss consensus »

The stock was last down…

03/08/13
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03/06/13
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  • 28

    Apr

  • 18

    May

  • 31

    May

MSFT

Microsoft

$68.27

0.44 (0.65%)

08:09
04/28/17
04/28
08:09
04/28/17
08:09
Recommendations
Microsoft analyst commentary  »

Microsoft commercial…

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  • 02

    May

  • 09

    May

RCL

Royal Caribbean

$100.50

0.03 (0.03%)

08:08
04/28/17
04/28
08:08
04/28/17
08:08
Hot Stocks
Royal Caribbean sees FY17 CapEx $0.6B »

Based upon current ship…

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  • 28

    Apr

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