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BF.B

Brown-Forman, also tag with BFA, BFB

$53.38

-3.54 (-6.22%)

, BFA

Brown-Forman, also tag with BF.A, BF.B

05:41
05/24/17
05/24
05:41
05/24/17
05:41

Brown Forman downgraded to Neutral from Buy at Citi

Citi analyst Wendy Nicholson downgraded Brown Forman (BF.B) to Neutral saying "very big" cultural differences make a sale to Constellation Brands (STZ) "very unlikely, regardless of the price." Another bidder could emerge, but a near-term deal with either of Pernod, Diageo (DEO) or Moutai is low, Nicholson tells investors in a research note. The analyst keeps a $54 price target for Brown Forman shares.

BF.B

Brown-Forman, also tag with BFA, BFB

$53.38

-3.54 (-6.22%)

BFA

Brown-Forman, also tag with BF.A, BF.B

BFB

Brown-Forman, also tag with BF.A, BF.B

STZ

Constellation Brands, also tag STZ.B

$180.86

-3.28 (-1.78%)

DEO

Diageo

$121.74

0.52 (0.43%)

BF.B Brown-Forman, also tag with BFA, BFB
$53.38

-3.54 (-6.22%)

12/22/16
RHCO
12/22/16
DOWNGRADE
RHCO
Hold
Brown Forman downgraded on negative catalysts at SunTrust
As noted earlier, SunTrust downgraded Brown Forman to Hold from Buy. Analyst William Chappell, Jr. predicts that, "foreign exchange headwinds and waning investor appetites for higher yields" will cause the stock "to stay in a trading range in coming quarters." Target to $45 from $55.
09/15/16
FBCO
09/15/16
INITIATION
Target $52
FBCO
Outperform
Brown Forman initiated with an Outperform at Credit Suisse
Credit Suisse analyst Laurent Grandet initiated coverage on Brown Forman with an Outperform and a $52 price target. The analyst believes the divestiture of Southern Comfort and the investments in Scotch and Irish whisky will lead to higher returns and sustainable long-term growth and the pullback following the Q1 report has proved a buying opportunity.
09/15/16
FBCO
09/15/16
INITIATION
FBCO
Neutral
Brown Forman initiated with a Neutral at Credit Suisse
12/22/16
RHCO
12/22/16
DOWNGRADE
RHCO
Hold
Brown Forman downgraded to Hold from Buy at SunTrust
BFA Brown-Forman, also tag with BF.A, BF.B

BFB Brown-Forman, also tag with BF.A, BF.B

07/13/16
BOFA
07/13/16
DOWNGRADE
BOFA
Underperform
Brown-Forman downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Brown-Forman to Underperform citing macro uncertainty in Europe and developing markets.
STZ Constellation Brands, also tag STZ.B
$180.86

-3.28 (-1.78%)

04/17/17
04/17/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. McDonald's (MCD) upgraded to Outperform from Market Perform at Wells Fargo analyst Jeff Farmer saying margin and return on invested capital improvement with refranchising activity should drive accelerating multiple expansion into 2018. Further, McDonald's first mover advantage across digital, specifically mobile order and pay, should bring the return of market share gains, the analyst contends. Farmer believes restaurant consumers are "aggressively gravitating toward concepts that offer the greatest level of convenience and control across ordering, payment and distribution." He expects McDonald's to establish a first-mover advantage among the hamburger players in digital. 2. Cummins upgraded to Outperform from Market Perform at Wells Fargo with the firm saying the company's first quarter results could beat expectations and that it could raise its guidance slightly above consensus levels. The firm says that the company's cost reductions and improvements in its end markets should enable its profit to beat expectations. Wells expects the company's 2017 revenue and EBIT margin to exceed the top ends of its current guidance ranges. 3. PNC Financial (PNC) upgraded to Neutral from Underperform at Hilliard Lyons with analyst Andrew Stapp citing valuation. 4. Constellation Brands (STZ) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Judy Hong citing valuation and best-in-class growth. The analyst believes concerns about the recent slowdown in beer sales is overdone and said the company's lower production costs, favorable below-the-line items and share buybacks point to earnings upside potential. 5. Quotient Technology (QUOT) upgraded to Buy from Neutral at BofA/Merrill with the firm noting that no retailer has left the company's Retailer IQ platform after three years and new partners increase the firm's confidence that the platform can keep growing. The firm also sees the company's mobile first approach allowing Quotient to build on its position as the digital coupon distribution leader. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/17
GSCO
04/17/17
UPGRADE
Target $200
GSCO
Conviction Buy
Constellation Brands upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman analyst Judy Hong added Constellation Brands to the Conviction Buy List with a $200 price target citing valuation and best-in-class growth. The analyst believes concerns about the recent slowdown in beer sales is overdone and said the company's lower production costs, favorable below-the-line items and share buybacks point to earnings upside potential.
04/07/17
COWN
04/07/17
NO CHANGE
Target $205
COWN
Outperform
Constellation Brands price target raised to $205 from $195 at Cowen
Cowen analyst Vivien Azer raised her price target on Constellation Brands to $205 from $195 following Q4 results. The analyst said the strong quarter reinforced her conviction on the opportunity for the company to be a consistent share gainer in the beer category. Azer reiterated her Outperform rating on Constellation Brands shares.
04/07/17
FBCO
04/07/17
NO CHANGE
Target $182
FBCO
Neutral
Constellation Brands price target raised to $182 from $165 at Credit Suisse
Credit Suisse analyst Laurent Grandet raised his price target for Constellation Brands to $182 from $165 after the company reported a "strong Q4 beat." The analyst reiterates a Neutral rating on the shares.
DEO Diageo
$121.74

0.52 (0.43%)

10/06/16
LYON
10/06/16
INITIATION
Target $130
LYON
Outperform
Diageo initiated with an Outperform at CLSA
CLSA analyst Caroline Levy initiated Diageo with an Outperform and a $130 price target.
10/26/16
HSBC
10/26/16
UPGRADE
HSBC
Buy
Diageo upgraded to Buy from Hold at HSBC
HSBC analyst Anthony Bucalo upgraded Diageo to Buy with a price target of GBP 26 citing the company's cultural change.
12/13/16
JPMS
12/13/16
NO CHANGE
JPMS
Overweight
Diageo added to European Analyst Focus List at JPMorgan
JPMorgan analyst Komal Dhillon overnight added Diageo to his firm's European Analyst Focus List. The analyst expects the shares to outperform the European Beverages sector given the company's high exposure to the U.S. and potential for material improvement in Scotch. He kept an Overweight rating on Diageo with a 2,500p price target.
03/30/17
GSCO
03/30/17
DOWNGRADE
GSCO
Sell
Diageo downgraded to Sell from Neutral at Goldman
Goldman downgraded Diageo to Sell saying it faces headwinds from slowing market growth in the US driven by deteriorating market pricing that began in late 2015.

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CME Group

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Goldman Sachs

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Citi

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Bank of America

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Credit Suisse

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Charles River

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MS

Morgan Stanley

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AMGN

Amgen

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1.69 (0.90%)

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Bayer

$32.05

0.235 (0.74%)

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BAYRY

Bayer

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BLRX

BioLineRx

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BMY

Bristol-Myers

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Eisai

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EXEL

Exelixis

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HALO

Halozyme

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INCY

Incyte

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Ipsen

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Lexicon

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MGNX

MacroGenics

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MRK

Merck

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NVS

Novartis

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SNY

Sanofi

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WLFC

Willis Lease

$26.66

0.05 (0.19%)

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DPS

Dr Pepper Snapple

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1.03 (1.08%)

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RCII

Rent-A-Center

$11.70

0.09 (0.78%)

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Vintage Capital in standstill pact with Rent-A-Center »

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AR

Antero Resources

$18.74

-0.59 (-3.05%)

17:44
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Antero Resources analyst commentary at MUFG »

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T

AT&T

$37.21

0.06 (0.16%)

, TWX

Time Warner

$93.36

0.39 (0.42%)

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AT&T requesting docs from companies in Time Warner deal hearing, Reuters says »

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T

AT&T

$37.21

0.06 (0.16%)

TWX

Time Warner

$93.36

0.39 (0.42%)

VZ

Verizon

$51.91

0.36 (0.70%)

CMCSA

Comcast

$42.50

0.65 (1.55%)

CMCSK

Comcast

DISH

Dish

$45.26

0.1 (0.22%)

CHTR

Charter

$366.05

0.8 (0.22%)

DIS

Disney

$110.59

0.17 (0.15%)

VIA

Viacom

$39.20

-0.5 (-1.26%)

VIAB

Viacom

$33.36

-0.59 (-1.74%)

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GRPN

Groupon

$5.57

0.46 (9.00%)

17:44
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Groupon announces Chief Product Officer Jay Sullivan resigns »

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CELG

Celgene

$102.65

0.93 (0.91%)

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VALU

Value Line

$19.60

0.3 (1.55%)

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VALU

Value Line

$19.60

0.3 (1.55%)

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Value Line declares special dividend of 20c per share »

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ZEAL

Zealand Pharma

$15.05

-0.78 (-4.93%)

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GNMSF

Genmab

$190.75

2.75 (1.46%)

, JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

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Genmab says FDA grants priority review for daratumumab »

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Genmab

$190.75

2.75 (1.46%)

JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

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HII

Huntington Ingalls

$242.12

5.24 (2.21%)

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Huntington Ingalls awarded $125.2M government contract modification »

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BAESY

BAE Systems

$33.30

0.18 (0.54%)

, GD

General Dynamics

$209.10

1.3 (0.63%)

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BAE Systems, General Dynamics awarded $237.6M government contract modification »

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BAE Systems

$33.30

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GD

General Dynamics

$209.10

1.3 (0.63%)

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SYRS

Syros Pharmaceuticals

$10.80

0.27 (2.56%)

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Breaking Syndicate news story on Syros Pharmaceuticals »

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WTFC

Wintrust Financial

$87.81

0.96 (1.11%)

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Wintrust Financial raises its minimum wage to $15 per hour »

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TWTR

Twitter

$23.66

-0.38 (-1.58%)

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Twitter says has identified more IRA and automated Russia-based accounts »

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ITEK

Inotek Pharmaceuticals

17:04
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Boxer Capital reports 5.3% passive stake in Rocket Pharmaceuticals »

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OIS

Oil States

$32.80

0.35 (1.08%)

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Breaking Syndicate news story on Oil States »

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AVGO

Broadcom

$266.39

-3.41 (-1.26%)

, QCOM

Qualcomm

$68.04

-0.01 (-0.01%)

16:43
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16:43
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Broadcom receives second request from FTC for proposed Qualcomm deal »

Broadcom (AVGO) announced…

AVGO

Broadcom

$266.39

-3.41 (-1.26%)

QCOM

Qualcomm

$68.04

-0.01 (-0.01%)

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TRNC

tronc

$19.53

0.3 (1.56%)

16:37
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LA Times' CEO Ross Levinsohn to take leave of absence amid probe, WSJ says »

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AP

Ampco-Pittsburgh

$14.20

0.15 (1.07%)

16:35
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Breaking Syndicate news story on Ampco-Pittsburgh »

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CG

Carlyle Group

$24.35

-0.05 (-0.20%)

, UBSH

Union Bankshares

$38.79

0.54 (1.41%)

16:33
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Carlyle Group reports 6% passive stake in Union Bankshares »

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CG

Carlyle Group

$24.35

-0.05 (-0.20%)

UBSH

Union Bankshares

$38.79

0.54 (1.41%)

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ANDX

Andeavor Logistics

$52.52

0.12 (0.23%)

16:31
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Andeavor Logistics raises quarterly cash distribution to $1.00 per unit »

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