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Fly News Breaks for May 9, 2018
STZ, EL, MNST
May 9, 2018 | 05:08 EDT
JPMorgan analyst Andrea Teixeira downgraded Monster Beverage (MNST) to Neutral and lowered her price target for the shares to $52 from $67. The analyst sees a "difficult road ahead" for the company following its Q1 results. She believes the shares will "remain challenged" until margins improve. Teixeira prefers top picks Estee Lauder (EL) and Constellation Brands (STZ) for Home and Personal Care exposure.
News For MNST;EL;STZ From the Last 2 Days
EL
Apr 18, 2024 | 12:06 EDT
EL
Apr 18, 2024 | 04:46 EDT
Deutsche Bank placed a "Catalyst Call: Buy" on Estee Lauder as a short-term investment idea. The analyst views the setup into Estee's fiscal Q3 results on May 1 "skewing positively." The firm sees the company as likely to report "in-line-to-better" results versus Street estimates, including confirmation that long-standing China travel retail inventory backlogs have been cleared, while reiterating fiscal 2024 guidance.
