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Fly News Breaks for June 1, 2017
NWL, MNST
Jun 1, 2017 | 07:40 EDT
Jefferies analyst Kevin Grundy reiterates Monster Beverage (MNST) and Newell Brands (NWL) as top picks while addressing "common investor pushbacks." For Monster, the analyst believes improving U.S. results, continued strong international growth and M&A optionality should lead to continued outperformance. For Newell, the analyst sees an attractive valuation and improving organic sales growth. He reiterates Buy ratings on both names.
News For MNST;NWL From the Last 2 Days
NWL
Apr 30, 2024 | 05:12 EDT
MNST
Apr 29, 2024 | 08:21 EDT
Stifel lowered the firm's price target on Monster Beverage to $63 from $65 and keeps a Buy rating on the shares. The firm reduced its 2024-2025 sales and EPS estimates "slightly," mainly reflecting weakening U.S. sales growth, but said it remains comfortable with its above-consensus Q1 sales expectations and thinks "a less-bad-than-feared result," including a solid month of April sales, could potentially be a positive catalyst for shares given weak investor sentiment.
NWL
Apr 29, 2024 | 06:54 EDT
NWL
Apr 29, 2024 | 06:21 EDT
Wells Fargo raised the firm's price target on Newell Brands to $8 from $7 and keeps an Equal Weight rating on the shares. It's been a tough two years for Newell, and though Q1 stayed challenged, with strong margin expansion and core sales declines the lowest since Q2 2022, the stock saw a bit of life, the firm says.
NWL
Apr 29, 2024 | 05:44 EDT
Citi raised the firm's price target on Newell Brands to $8 from $7.50 and keeps a Neutral rating on the shares. The company's Q1 results were better than expected and it is making progress on the initiatives underlined in its new corporate strategy, which potentially indicates improvement in business trends, the analyst tells investors in a research note. However, the firm awaits further validation Newell's turnaround remains on-track.
