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Fly News Breaks for March 8, 2016
MFS, PCLN, SAM, FAST, EXPE
Mar 8, 2016 | 09:53 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Expedia (EXPE) initiated with a Buy at MoffetNathanson citing the company's technology platform improvement and share consolidation through M&A. The firm said Expedia may be the safer name in 2016 due to its U.S. exposure. 2. Fastenal (FAST) initiated with a Buy at Argus as the company is expected to post improved 2016 results, based on expectations for a gradual recovery in oil and mining end markets. 3. Boston Beer (SAM) initiated with a Sell at Citi by analyst Wendy Nicholson, who cited increasing fragmentation of the U.S. beer category driving slower growth. 4. Priceline (PCLN) initiated with a Buy at MoffettNathanson due to the company's organic growth focus, and its leverage towards hotels and international, which may possess the best growth and margin profiles in travel. 5. Manitowoc Foodservice (MFS) initiated with an Equal Weight at Barclays. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For EXPE;FAST;SAM;PCLN;MFS From the Last 2 Days
SAM
Apr 16, 2024 | 05:38 EDT
Citi lowered the firm's price target on Boston Beer to $315 from $350 and keeps a Neutral rating on the shares as part of a Q1 earnings preview for the beverages and household and personal care group. The firm sees another quarter of gross margin upside but believes the market will not reward earnings beats on margins without solid sales and volume trends.