Morgan Stanley analysts Dara Mohsenian and Pamela Kaufman said that while they keep Equal Weight ratings on Coca-Cola (KO) and Church & Dwight (CHD) post the companies' Q4 reports and CAGNY presentations, the analysts view the recent underperformance of both stocks as overdone. In the case of Coke, they said that underlying forex-neutral results remain "solid" and the stock's multiple has lost much of its prior premium versus peers. In the case of C&D, they said the company's CAGNY presentation highlighted "solid" 2019 visibility and gross margin upside potential. While they also understand disappointment with the CAGNY presentation of Constellation Brands (STZ), they now view new guidance as conservative and keep an Overweight rating on Constellation shares. Church & Dwight's price target was raised to $65 from $60 based on improved gross margin visibility with management's comments at CAGNY and separately the analysts lowered their price target on Kraft Heinz (KHC) shares to $35 from $37 given its greater risk profile. While they are still Underweight on Kraft Heinz, the analyst said many of their prior concerns have now played out.

Latest data shows the largest indicative borrow rate increases among liquid option names include: Luminar Technologies (LAZR) 21.68% +6.44, Mesoblast (MESO) 145.03% +2.00, iShares S&P National AMT Free Municipal Bond Fund (MUB) 19.65% +1.21, Stellantis NV (STLA) 1.41% +0.98, Veritone (VERI) 40.08% +0.46, ALTC Acquistion Corp (ALCC) 6.05% +0.44, US Global Jets ETF (JETS) 7.23% +0.36, Nokia (NOK) 3.33% +0.27, Annovis Bio Inc (ANVS) 91.57% +0.16, and Coca Cola (KO) 0.41% +0.16.