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KO

Coca-Cola

$42.03

-0.29 (-0.69%)

, PEP

PepsiCo

$108.25

-0.52 (-0.48%)

17:59
10/03/16
10/03
17:59
10/03/16
17:59

Beverage maker Bai Brands explores sale, Reuters says

Health beverage maker Bai Brands is exploring a sale that it hopes could value it at more than $2B, Reuters reported, citing sources. The sale will "test the possible interest" of beverage giants such as Coca-Cola (KO) and Pepsi (PEP) in buying beverage startups, Reuters argues. Dr Pepper Snapple (DPS) bought a minority stake in Bai last year, the report notes. Reference Link

KO

Coca-Cola

$42.03

-0.29 (-0.69%)

PEP

PepsiCo

$108.25

-0.52 (-0.48%)

DPS

Dr Pepper Snapple

$90.76

-0.55 (-0.60%)

  • 06

    Oct

  • 23

    Oct

  • 26

    Oct

KO Coca-Cola
$42.03

-0.29 (-0.69%)

09/29/16
STFL
09/29/16
DOWNGRADE
STFL
Hold
Coca-Cola downgraded following Pepsi results at Stifel
As noted earlier, Stifel analyst Mark Swartzberg downgraded Coca-Cola (KO) to Hold from Buy. The analyst downgraded the stock after Pepsi (PEP) reported better than expected Q3 results. The analyst says that Coca-Cola's and Pepsi's organic EPS growth appears to be similar, but he believes that Pepsi is less vulnerable to foreign exchange fluctuations. Additionally, he believes that Coca Cola European Bottlers (CCE) is a better investment than Coca-Cola because of the large amount of revenue synergies which that Coca Cola European Bottlers has identified.
09/29/16
STFL
09/29/16
DOWNGRADE
STFL
Hold
Coca-Cola downgraded to Hold from Buy at Stifel
09/29/16
HSBC
09/29/16
NO CHANGE
HSBC
Buy
AB InBev's goal may be to acquire Coca-Cola, says HSBC
HSBC analyst Anthony Bucalo says SABMiller's (SBMRY) merger with AB InBev (BUD), which its shareholders just approved, will impact "nearly every major company across global beverages," especially Heinenken (HINKY). The combined company "represents a strong vehicle for another transaction" if InBev management chooses to do so, Bucalo tells investors in a research note dated yesterday. The analyst believes AB InBev's ultimate goal is the possible acquisition of The Coca-Cola Company (KO). The entire Coca-Cola bottling system, especially for Mexican giant FEMSA (FMX), is impacted by SABMiller joining with AB InBev, Bucalo contends.
09/29/16
09/29/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Coca-Cola (KO) downgraded to Hold from Buy at Stifel with analyst Mark Swartzberg saying that Coca-Cola's and Pepsi's organic EPS growth appears to be similar, but he believes that Pepsi is less vulnerable to foreign exchange fluctuations. 2. Fitbit (FIT) downgraded to Underweight from Sector Weight at Pacific Crest analyst Brad Erickson citing his channel checks which indicated that Charge 2, the company's flagship holiday product, is off to a slow start. 3. Discovery (DISCA) downgraded to Market Perform from Outperform at Barrington with analyst James Goss saying that Brexit and sports costs are dragging on its international results and foreign exchange tailwinds are moderating in many geographies. 4. Sonus (SONS) downgraded to Underperform from Market Perform at Cowen with analyst Paul Silverstein saying the firm's industry checks uncovered operational challenges and ongoing employee and executive churn. 5. Alcobra (ADHD) downgraded to Hold from Buy at Cantor and to Perform from Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PEP PepsiCo
$108.25

-0.52 (-0.48%)

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
FBCO
Outperform
PepsiCo initiated with an Outperform at Credit Suisse
09/15/16
FBCO
09/15/16
INITIATION
Target $121
FBCO
Outperform
PepsiCo initiated with an Outperform at Credit Suisse
Credit Suisse analyst Laurent Grandet initiated coverage on PepsiCo with an Outperform and a $121 price target. Grandet does not believe the market is giving PepsiCo enough credit for Frito-Lay's marketing and financial strength and the rebalancing of the US beverages portfolio towards faster growing noncarbonated beverages.
DPS Dr Pepper Snapple
$90.76

-0.55 (-0.60%)

09/15/16
FBCO
09/15/16
INITIATION
Target $108
FBCO
Outperform
Dr Pepper Snapple initiated with an Outperform at Credit Suisse
Credit Suisse analyst Laurent Grandet initiated coverage on Dr Pepper Snapple with an Outperform and a $108 price target. Grandet beleives the market is undervaluing the Allied Brands portfolio as a major incremental driver of growth and margins combined with the strong and consistent cash flow of Dr Pepper.
09/15/16
FBCO
09/15/16
INITIATION
FBCO
Outperform
Dr Pepper Snapple initiated with an Outperform at Credit Suisse
02/18/16
02/18/16
NO CHANGE

Dr Pepper Snapple should be bought on weakness, says Sterne Agee CRT
Sterne Agee CRT believes that Dr Pepper Snapple reported strong results, and the firm thinks that the company's weaker than expected Q1 guidance will prove to be conservative. Sterne Agee keeps a $98 price target and Buy rating on the shares.

TODAY'S FREE FLY STORIES

RIG

Transocean

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-0.73 (-5.98%)

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WMT

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CME

CME Group

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CE

Celanese

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-1.67 (-1.50%)

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SRC

Spirit Realty

$8.07

-0.03 (-0.37%)

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NTNX

Nutanix

$36.01

-1.83 (-4.84%)

17:45
01/16/18
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Conference/Events
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JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

, CELG

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-1.18 (-1.11%)

17:41
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01/16
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17:41
Hot Stocks
On The Fly: After Hours Movers »

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JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

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Celgene

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-1.18 (-1.11%)

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Newater Technology

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$17.00

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IPSEY

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RNST

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0.15 (0.34%)

IBKR

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CSX

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$5.70

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OBLN

Obalon Therapeutics

$7.93

0.03 (0.38%)

XON

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$13.77

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BOOT

Boot Barn

$19.10

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F

Ford

$13.10

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  • 01

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    Jan

NRZ

New Residential

$17.63

-0.11 (-0.62%)

17:35
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17:35
Earnings
Breaking Earnings news story on New Residential »

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  • 17

    Jan

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    Jan

EXEL

Exelixis

$29.65

-0.73 (-2.40%)

17:30
01/16/18
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Hot Stocks
Breaking Hot Stocks news story on Exelixis »

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  • 18

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    Feb

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    Feb

EXEL

Exelixis

$29.65

-0.73 (-2.40%)

17:30
01/16/18
01/16
17:30
01/16/18
17:30
Hot Stocks
Breaking Hot Stocks news story on Exelixis 

Exelixis trading resumes

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  • 18

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    Jan

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    Feb

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    Feb

CELG

Celgene

$104.82

-1.18 (-1.11%)

, JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

17:27
01/16/18
01/16
17:27
01/16/18
17:27
Periodicals
Celgene in discussions to acquire Juno Therapeutics, WSJ reports »

Celgene (CELG) is in…

CELG

Celgene

$104.82

-1.18 (-1.11%)

JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

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  • 16

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17:25
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Conference/Events
CFA Society of New York to hold a discussion »

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YUMA

Yuma Energy

$1.49

-0.14 (-8.59%)

17:21
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Syndicate
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PNFP

Pinnacle Financial

$67.85

-0.7 (-1.02%)

17:18
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Earnings
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CRZO

Carrizo Oil & Gas

$23.26

-1.07 (-4.40%)

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  • 15

    May

IAG

IAMGold

$6.11

0.03 (0.49%)

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IAMGold sees 2018 gold production between 850K and 900K ozs »

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  • 22

    Feb

BAESY

BAE Systems

$33.20

0.285 (0.87%)

, GD

General Dynamics

$206.33

-4.26 (-2.02%)

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BAE Systems and General Dynamics awarded $158M U.S. Navy contract option »

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BAESY

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$33.20

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GD

General Dynamics

$206.33

-4.26 (-2.02%)

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  • 24

    Jan

URG

UR-Energy

$0.71

-0.032 (-4.30%)

, UUUU

Energy Fuels

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UR-Energy and Energy Fuels submit petition to DOC »

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UUUU

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  • 19

    Jan

UUUU

Energy Fuels

$1.66

-0.15 (-8.29%)

, URG

UR-Energy

$0.71

-0.032 (-4.30%)

17:09
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Energy Fuels, Ur-Energy file petition with DOC over effects of uranium imports »

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UUUU

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URG

UR-Energy

$0.71

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  • 19

    Jan

FAST

Fastenal

$55.44

-0.15 (-0.27%)

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Fastenal raises quarterly dividend to 37c from 32c »

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  • 17

    Jan

EGO

Eldorado Gold

$1.35

0.06 (4.65%)

17:07
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Hot Stocks
Eldorado Gold sees FY18 gold production 160,000-190,000 ounces »

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EGO

Eldorado Gold

$1.35

0.06 (4.65%)

17:06
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Hot Stocks
Eldorado Gold reports FY17 gold production 285,919 ounces »

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EXEL

Exelixis

$29.65

-0.73 (-2.40%)

, IPSEY

Ipsen

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Hot Stocks
Exelixis and Ipsen disclose Phase 3 results of Cabozantinib »

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EXEL

Exelixis

$29.65

-0.73 (-2.40%)

IPSEY

Ipsen

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    Feb

ABX

Barrick Gold

$15.20

0.08 (0.53%)

17:05
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Hot Stocks
Barrick Gold reports preliminary FY17 gold production of 5.32M ounces »

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  • 15

    Feb

  • 22

    Feb

GRA

W.R. Grace

$72.93

-0.63 (-0.86%)

17:05
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W.R. Grace signs $200M agreement with two Kazakhstan operators »

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  • 02

    Mar

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