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WMT

Wal-Mart

$76.37

0.03 (0.04%)

, AMZN

Amazon.com

$1,010.04

8.23 (0.82%)

07:53
07/18/17
07/18
07:53
07/18/17
07:53

Big food brands to face competition from supermarket labels, WSJ reports

American foods brands are facing challenges as consumers increasingly seek healthy and authentic products and competition ramps up from supermarket "private label" brands including that of Wal-Mart (WMT), Aldi and Amazon (AMZN), the Wall Street Journal reports in its "Heard on the Street" column. Companies with overseas operations, such as Nestle (NSRGY), Unilever (UL, UN) or Mondelez (MDLZ), or must-have brands, like Kraft Heinz (KHC) are expected to be less exposed to the competition while Campbell's (CPB), Conagra (CAG), General Mills (GIS), Kellogg (K) and Smucker's (SJM) are expected to be at risk. Reference Link

WMT

Wal-Mart

$76.37

0.03 (0.04%)

AMZN

Amazon.com

$1,010.04

8.23 (0.82%)

NSRGY

Nestle

$86.83

-0.305 (-0.35%)

UL

Unilever; also tag UN

$55.84

-0.08 (-0.14%)

UN

Unilever; also tag UL

$56.87

-0.01 (-0.02%)

MDLZ

Mondelez

$43.69

0.07 (0.16%)

KHC

Kraft Heinz

$85.60

-0.05 (-0.06%)

CPB

Campbell Soup

$51.79

0.06 (0.12%)

CAG

Conagra Brands

$33.48

-0.1 (-0.30%)

GIS

General Mills

$54.15

0.41 (0.76%)

K

Kellogg

$66.75

0.37 (0.56%)

SJM

J.M. Smucker

$118.57

1.82 (1.56%)

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WMT Wal-Mart
$76.37

0.03 (0.04%)

07/14/17
07/14/17
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. Boeing (BA) upgraded to Overweight from Neutral at JPMorgan with analyst Seth Seifman saying Boeing is among the stocks best positioned to benefit from positive aerospace fundamentals. 2. Wal-Mart (WMT) and Ulta Beauty (ULTA) were upgraded to Conviction Buy from Neutral at Goldman Sachs. 3. Nutanix (NTNX) upgraded to Conviction Buy, viewed as M&A target at Goldman Sachs with analyst Simona Jankowski saying the company is a "once-in-decade tech infrastructure" that will benefit from double digit growth, high gross margins and significant operating leverage. 4. Ross Stores (ROST) upgraded to Outperform from Market Perform at Telsey Advisory with analyst Dana Telsey saying the company's valuation is attractive and expects focused execution of its off-price model to deliver best everyday value to customers, which should allow it to be a relative share winner. 5. FirstEnergy (FE) upgraded to Hold from Trim at Tudor Pickering. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/14/17
GSCO
07/14/17
UPGRADE
Target $84
GSCO
Conviction Buy
Wal-Mart upgraded to Conviction Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Matthew Fassler upgraded Wal-Mart Stores (WMT) to Conviction Buy from Neutral and raised his price target for the shares to $84 from $78. The retailing giant closed yesterday up $1.11 to $75.05. Wal-Mart is as well positioned as any mass market retailer to handle Amazon.com's (AMZN) increased focus on consumables as well as the "uncertain" retail environment, Fassler tells investors in a research note. The analyst Wal-Mart's small-market focus and current inventory discipline. He notes that his earnings forecasts are above consensus for the next two fiscal years. Fassler this morning also upgraded Ulta Beauty (ULTA) to Conviction Buy from Neutral.
07/12/17
LOOP
07/12/17
NO CHANGE
Target $42
LOOP
Buy
Core-Mark unlikely to 'get Amazoned,' says Loop Capital
Loop Capital analyst Andrew Wolf said he sees Core-Mark (CORE) as the least likely company among those he covers to get "Amazoned," or put at risk by Amazon (AMZN) buying a competitor. Its closest competitor McLane, which is owned by Berkshire Hathaway (BRK.B), is highly unlikely to sell to Amazon given that its largest customer is Amazon's rival Wal-Mart (WMT), Wolf tells investors. He keeps a Buy rating on Core-Mark and raised his target on the shares to $42 from $40 citing his increased 2018 EPS forecast.
06/26/17
RAJA
06/26/17
NO CHANGE
RAJA
Outperform
Raymond James positive on Quest Diagnostics, Wal-Mart partnership
Raymond James analyst Nicholas Jansen reiterated an Outperform rating on Quest Diagnostics (DGX) following news Monday of a partnership with Wal-Mart (WMT). The lack of financial details in the announcement was "expected," Jansen said, adding that he finds the news an "incremental positive" given Quest's focus on expanding its patient access efforts. The analyst also noted that Quest's similar model with Safeway "has been identified as highly successful."
AMZN Amazon.com
$1,010.04

8.23 (0.82%)

07/14/17
JPMS
07/14/17
NO CHANGE
JPMS
Underweight
JPMorgan keeps Underweight on Nordstrom after management meetings
JPMorgan analyst Matthew Boss keeps an Underweight rating on Nordstrom (JWN) after meeting management at the company's headquarters. Management would not comment on their evaluation of strategic alternatives and the meeting was reshuffled to exclude members of the Nordstrom family while incoming CFO Anne Bramman attended but did not actively participate, Boss tells investors in a research note. The analyst views the company's EBITDA roadmap as "increasingly uncertain" with a greater emphasis on fashion to differentiate mix versus Amazon.com (AMZN) and rising costs of customer acquisition. He believes the retailer's fundamental multi-year risk profile is elevated.
07/17/17
UBSW
07/17/17
NO CHANGE
Target $1200
UBSW
Buy
Amazon.com price target raised to $1,200 from $1,100 at UBS
UBS analyst Eric Sheridan raised his price target on Amazon.com to $1,200 from $1,100 to reflect its long-tailed opportunities, including Prime membership, which has increased shopping velocity among members. Sheridan, who reiterated his Buy rating on Amazon shares, also cites its advertising opportunity, cloud computing penetration, and third-party mix in its core retail operations.
07/17/17
ROTH
07/17/17
NO CHANGE
Target $55
ROTH
Buy
GrubHub price target raised to $55 from $47 at Roth Capital
Roth Capital analyst Darren Aftahi raised his price target for GrubHub (GRUB) to $55 from $47 saying that despite Amazon's (AMZN) expansion into restaurant delivery, near-term risk may be overstated as only about 3.8% of his survey respondents use it in comparison to the former's 20.3% response rate. The analyst reiterates a Buy rating on the shares.
07/18/17
DBAB
07/18/17
NO CHANGE
Target $1135
DBAB
Buy
Deutsche trims Amazon target, sees near-term sentiment risk
Deutsche Bank analyst Lloyd Walmsley trimmed his price target for Amazon.com to $1,135 from $1,150 following "slightly more cautious" channel checks around Web Services. The shares closed yesterday up $8.23 to $1,010.04. The analyst lowered his AWS growth estimate for Q2 to 39% from 40% to reflect a "slightly less bullish tone" from recent conferences and industry checks. As a result, Walmsley sees near-term risk to investor sentiment around Amazon. Nonetheless, the analyst remains "steadfastly upbeat" on the company's long term retail opportunity. He recommends using any weakness around AWS growth rate shortfalls to add to long-term positions. Walmsley keeps a Buy rating on Amazon.
NSRGY Nestle
$86.83

-0.305 (-0.35%)

06/26/17
JEFF
06/26/17
NO CHANGE
JEFF
Hold
Jefferies advises caution on Nestle amid Third Point rally
Jefferies analyst Martin Deboo recommends caution on Nestle with the shares up 4% on news of Third Point's activist stake. Third Point's targets will be "non-trivial to achieve" and its influence over the company is "relatively dilute," Deboo tells investors in a research note. He believes the valuation is "already anticipating a healthy degree of change." The analyst keeps a Hold rating on Nestle.
06/16/17
BERN
06/16/17
NO CHANGE
BERN
Nestle sale of U.S. confectionery business would be short-sighted,says Bernstein
After Nestle (NSRGY) said it would evaluate strategic options for its confectionery business, including a possible sale of the unit, Bernstein analyst Andrew Wood says he thinks that the review was undertaken with a view to boosting the company's shorter term financial results,. He says that a sale of the business would be "short-sighted," as it would undermine the company's status as a global confectionery leader, could hinder its ability to manage confectionery assets and will eliminate its ability to benefit from "premiumisation" in the U.s. confectionery market. The analyst keeps a Market Perform rating on Nestle.
06/26/17
JPMS
06/26/17
NO CHANGE
JPMS
JPMorgan sees Kraft, Conagra, Dean rallying on Nestle speculation
JPMorgan analyst Ken Goldman expects Third Point's desire for Nestle (NSRGY) to divest assets to have an impact on shares of U.S. food producers. The analyst expects shares of Kraft Heinz (KHC), Conagra Brands (CAG) and Dean Foods (DF) to rally today on hopes of a potential accretive deal for some of Nestle's assets. The analyst thinks General Mills (GIS) shares may drop slightly on speculation that Nestle sells Cereal Partners Worldwide, which he believes would hinder the company's ability to grow cereal internationally. General Mills has a global partnership with Nestle via Cereal Partners Worldwide. Goldman also thinks Pinnacle Foods (PF) could trade down slightly with Conagra having "another potential dance partner" to do a deal.
06/19/17
FBCO
06/19/17
NO CHANGE
FBCO
Hershey buy of Nestle assets could be type of 'poison pill,' says Credit Suisse
Credit Suisse analyst Robert Moskow analyzed several scenarios after Nestle's (NSRGY) recent announcement of a strategic review of its U.S. confectionery business. Buying Nestle candy would double Mondelez's (MDLZ) U.S. market share to 10%, but Moskow wonders if such a deal could compromise Mondelez' ability to eventually buy Hershey (HSY) at a later date. As for the latter, Hershey would generate "massive" synergies of 9% of sales and the deal could work as a type of "poison pill" to deter a bid from Mondelez or Kraft Heinz (KHC), said Moskow. However, he doesn't think Hershey would want to buy an asset that would dilute its topline growth rate at this point. He added that he sees "little to no chance" of Lindt, the number three in U.S. candy, being interested in Nestle's assets.
UL Unilever; also tag UN
$55.84

-0.08 (-0.14%)

05/17/17
JEFF
05/17/17
NO CHANGE
JEFF
Jefferies sees Unilever as interested if Colgate is for sale
After the New York Post reported that Colgate (CL) may be willing to sell for $100 per share, Jefferies analyst Martin Deboo says he'd expect Unilever (UN, UL) to be an interested party. The analyst notes he's argued for some time that Unilever should create a "New World Order" in Household & Personal Care by acquiring Colgate. Such a deal would support his bullish thesis on Unilever shares.
04/12/17
SUSQ
04/12/17
UPGRADE
Target $132
SUSQ
Positive
PepsiCo upgraded to Positive on M&A potential at Susquehanna
As previously reported, Susquehanna analyst Pablo Zuanic upgraded PepsiCo to Positive from Neutral. He believes Kraft Heinz (KHC) needs to a do another deal following its failed acquisition of Unilever (UL) and feels Pepsi and Mondelez (MDLZ) are the two most likely candidates. Zuanic raised his price target to $132 form $118 on PepsiCo shares.
03/31/17
ABNA
03/31/17
DOWNGRADE
ABNA
Sell
Unilever downgraded to Sell from Hold at ABN Amro
07/10/17
SUSQ
07/10/17
NO CHANGE
Target $91
SUSQ
Kraft Heinz likely to go hostile in pursuit of Unilever, says Susquehanna
Susquehanna analyst Pablo Zuanic noted that a six-month hiatus required by British takeover law will have passed in the middle of August and he sees the possibility of Kraft Heinz (KHC) coming back with a hostile bid for Unilever (UN) as "more than 75% likely" to happen. A $200B deal could be accretive in the mid-20% range for Kraft shareholders, estimates Zuanic, who cut his price target on Kraft Heinz shares to $91 from $99 to reflect a smaller premium to its peers. He keeps a Neutral rating on the Kraft shares.
UN Unilever; also tag UL
$56.87

-0.01 (-0.02%)

MDLZ Mondelez
$43.69

0.07 (0.16%)

05/24/17
PIPR
05/24/17
INITIATION
PIPR
Neutral
Mondelez initiated with a Neutral at Piper Jaffray
Piper Jaffray analyst Michael Lavery initiated Mondelez with a Neutral rating and $48 price target, saying he sees a potential 5% upside for Mondelez shares.
05/03/17
DBAB
05/03/17
UPGRADE
Target $51
DBAB
Buy
Mondelez upgraded to Buy on less 2017 risk at Deutsche Bank
Deutsche Bank analyst Rob Dickerson upgraded Mondelez to Buy from Hold and raised his price target for the shares to $51 from $49 following the company's Q1 earnings report. The stock should not be trading in-line with the U.S.-based food group average, Dickerson tells investors in a research note. After organic sales accelerated in the quarter, the risk to 2017 has been decreased, the analyst argues. He now believes 10% base business earnings growth in 2018 and 2019 is highly likely.
05/03/17
05/03/17
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 Buy from Neutral at Goldman Sachs with analyst Karen Holthouse citing positive consumer reviews of the "Experience of the Future" roll-out, and believes digital/delivery could be incremental sales drivers for a multi-year comp cycle. 2. FireEye (FEYE) upgraded to Outperform from Market Perform at William Blair with analyst Jonathan Ho citing new product launches and refresh opportunities post the company's first quarter results. 3. Mondelez (MDLZ) upgraded to Buy from Hold at Deutsche Bank with analyst Rob Dickerson citing the company's first quarter earnings report and saying the stock should not be trading in-line with the U.S.-based food group average, Dickerson tells investors in a research note. 4. First Solar (FSLR) upgraded to Hold from Sell at Axiom. 5. Oasis Petroleum (OAS) upgraded to Buy from Hold at SunTrust with analyst Neal Dingamann saying rig activity could double to four rigs by mid-year, well results are hitting record levels, differentials/marketing results could soon be the best in company history, and the balance sheet is solid, among other reasons. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
KHC Kraft Heinz
$85.60

-0.05 (-0.06%)

06/13/17
MAXM
06/13/17
NO CHANGE
Target $80
MAXM
Buy
Bob Evans price target raised to $80 from $74 at Maxim
Maxim analyst Stephen Anderson raised his EPS estimates for Bob Evans (BOBE) to reflect easier commodity costs and contends that rising multiples among the company's direct peers - including Conagra (CAG), Hormel (HRL), Kraft Heinz (KHC), Pinnacle (PF), and Post (POST) - hints at the potential for accelerated industry consolidation. As previously reported, Anderson views Bob Evans as a target for a possible takeover and he keeps a Buy rating on the shares.
CPB Campbell Soup
$51.79

0.06 (0.12%)

03/21/17
03/21/17
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. Sprouts Farmers Market (SFM) downgraded to Market Perform at BMO Capital. 2. HubSpot (HUBS) downgraded to Outperform from Strong Buy at Raymond James analyst Terry Tilman saying shares have significantly outperformed year-to-date and recommends taking some profits. 3. MEDNAX (MD) downgraded to Neutral from Outperform at Baird analyst Whit Mayo citing a balanced risk/reward, weak organic growth, its sector high historical and relative EBITDA valuation, and a current setup that appears to be reliant on M&A. 4. Cracker Barrel (CBRL) downgraded to Hold from Buy at Argus with analyst John Staszak saying he expects customer traffic to remain weak and same-store sales growth to decelerate over the next several quarters. 5. Conagra Brands (CAG), Kellogg (K), J.M. Smucker (SJM), General Mills (GIS), and Campbell Soup (CPB) were downgraded to Underperform from Market Perform at Bernstein. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/21/17
BERN
03/21/17
NO CHANGE
BERN
U.S. food companies downgraded to Underperform at Bernstein
Bernstein analyst Alexia Howard downgraded General Mills (GIS), Kellogg (K), J.M. Smucker (SJM), Conagra Brands (CAG), and Campbell Soup (CPB) to Underperform from Market Perform. As reasons for the downgrades, Howard cited the companies' deteriorating revenue trends and her belief that any takeover premiums for the companies " are unlikely to be particularly high." She adds that activist investors probably won't get involved in the stocks while they are trading at such high valuations. Finally, the analyst believes that the companies are being hurt by consumers' desire for fresher foods and unfavorable shelf space trends at retailers. General Mills target to $52 from $61, Campbell target to $54 from $61, J.M. Smucker target to $130 from $147, Kellogg target to $69 from $83, Conagra target remains $36.
03/21/17
BERN
03/21/17
DOWNGRADE
BERN
Underperform
Campbell Soup downgraded to Underperform from Market Perform at Bernstein
05/24/17
PIPR
05/24/17
INITIATION
PIPR
Neutral
Campbell Soup initiated with a Neutral at Piper Jaffray
Piper Jaffray analyst Michael Lavery initiated Campbell Soup with a Neutral rating and $59 price target, saying he sees flat 3-year average revenue growth and 4%-5% 3-year average EPS growth, driven mostly by margin expansion.
CAG Conagra Brands
$33.48

-0.1 (-0.30%)

07/06/17
JEFF
07/06/17
NO CHANGE
Target $46
JEFF
Buy
Conagra Brands weakness a buying opportunity, says Jefferies
Jefferies analyst Akshay Jagdale views the recent weakness in shares of Conagra Brands as a buying opportunity. The company's guidance is likely conservative and its portfolio reshaping, which the market is missing, has the potential to unlock "significant" value, Jagdale tells investors in a research note. He reiterates a Buy rating on Conagra with a $46 price target.
06/23/17
MSCO
06/23/17
NO CHANGE
Target $42
MSCO
Overweight
Morgan Stanley positive on Conagra Brands ahead of Q4 report
Morgan Stanley analyst Matthew Grainger reiterated his Overweight rating for Conagra ahead of the Q4 report given a conservative near-term margin outlook and an expected sequential improvement in the topline. Grainger expects ongoing margin expansion in FY18 and said the balance sheet provides compelling optionality for value creation. The analyst trimmed his price target to $42 from $43.
06/30/17
UBSW
06/30/17
NO CHANGE
Target $33
UBSW
Sell
Conagra Brands valuation remains elevated given fundamentals, says UBS
UBS analyst Steven Strycula believes the valuation for Conagra Brands remains elevated given its current fundamentals. The analyst cut his estimates to reflect lower sales and more muted upside for margins. Strycula said the breadth of the company's portfolio makes it challenging to move the needle, but he expects its robust innovation pipeline to boost sales beginning next year. Strycula reiterated his Sell rating and lowered his price target to $33 from $35 on Conagra Brands shares.
GIS General Mills
$54.15

0.41 (0.76%)

05/24/17
PIPR
05/24/17
INITIATION
Target $57
PIPR
Underweight
General Mills initiated with an Underweight at Piper Jaffray
Piper Jaffray analyst Michael Lavery initiated General Mills with an Underweight and a $57 price target saying international sales highlights potential risks to estimates. The analyst sees international sales below consensus by $70M-$75M, comparable to the Q4 2016 one-time gain from an accounting change and an extra month of European yogurt sales. Lavery also said said scanner data for 6 of its 7 largest categories are down by more than 3% and shifts in the retail environment present risks for center-store processed food manufacturers.
03/22/17
03/22/17
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. Morgan Stanley analyst Rajeev Lalwani downgraded American Airlines (AAL) to Equal Weight from Overweight, calling it one of the most leveraged cyclical names in the airlines group, with weak margins, a high debt profile, and facing pricing pressures from rising capacity in key markets. 2. Cowen analyst Gautam Khanna downgraded TransDigm (TDG) to Market Perform from Outperform. The analyst cited the outside prospect of a Department of Defense inquiry, the potential elimination of the interest deductibility for tax purposes, high financial leverage, and headline risks. 3. KeyBanc analyst Todd Thomas downgraded L Brands (LB) to Underweight from Sector Weight with a $40 price target to reflect both high C-mall exposure and emerging headwinds in its Victoria Secret and Bath and Body Works brands. 4. Citi analyst Kate McShane downgraded Kate Spade (KATE) to Neutral, saying the potential takeout premium priced into the shares has created a more balanced risk/return setup. The analyst raised her price target for the shares to $24 from $18. 5. Stifel downgraded General Mills (GIS) to Hold from Buy and lowered its price target to $60 from $67, as analyst Christopher Growe voiced increased concerns regarding sales improvement at the company and the related margin improvement outlook. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/04/17
WELS
05/04/17
NO CHANGE
WELS
Market Perform
General Mills incoming CEO a 'logical' candidate, says Wells Fargo
Wells Fargo analyst John Baumgartner views incoming General Mills CEO Jeff Harmening as a "natural course of progression" and "logical internal candidate" to succeed Ken Powell. While some investors may have preferred an external candidate, Harmening's successes in cereal and experience in natural and organics should not be overlooked, Baumgartner tells investors in a research note. Shares of General Mills are up 1%, or 63c, to $56.68 in early trading.
K Kellogg
$66.75

0.37 (0.56%)

05/24/17
PIPR
05/24/17
INITIATION
PIPR
Neutral
Kraft Heinz initiated with a Neutral at Piper Jaffray
Piper Jaffray analyst Michael Lavery initiated Kraft Heinz with a Neutral rating and $94 price target, expecting Kraft Heinz will pursue further consolidation, with Kellogg (K) and PepsiCo (PEP) looking like the best fit of the company's stated M&A criteria.
05/24/17
PIPR
05/24/17
INITIATION
PIPR
Overweight
Kellogg initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Michael Lavery initiated Kellogg with an Overweight rating and $78 price target, saying he sees accelerating EPS growth into 2018 driven by average margin expansion.
SJM J.M. Smucker
$118.57

1.82 (1.56%)

07/11/17
07/11/17
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. KeyCorp (KEY) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Brian Klock saying he sees valuation expansion as the market further appreciates the company's leading return on assets and stable earnings. 2. Exxon Mobil (XOM) and Imperial Oil (IMO) were upgraded to Overweight from Equal Weight at Barclays. 3. Westar Energy (WR) was upgraded to Outperform from In Line at Evercore ISI and to Overweight from Neutral at JPMorgan. 4. STMicroelectronics (STM) upgraded to Overweight from Neutral at JPMorgan with analyst Sandeep Deshpande citing the stock's underperformance over the past three months. 5. J.M. Smucker (SJM) upgraded to Long-Term Buy on valuation at Hilliard Lyons with analyst Jeffrey Thomison citing the recent decline in shares and maintained a $140 price target. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/03/17
FBCO
07/03/17
NO CHANGE
Target $120
FBCO
Neutral
J.M. Smucker price target lowered to $120 from $126 at Credit Suisse
Credit Suisse analyst Robert Moskow lowered his price target for J.M. Smucker to $120 from $126 on valuation. The analyst thinks a bigger discount is justified given the company's persistent sales declines, its high exposure to private label expansion, and its struggle to keep pace with the rapidly changing consumer and channel dynamics in its categories. He reiterates a Neutral rating on the shares.
07/11/17
HDLY
07/11/17
UPGRADE
HDLY
Long-Term Buy
J.M. Smucker upgraded to Long-Term Buy on valuation at Hilliard Lyons
Hilliard Lyons analyst Jeffrey Thomison upgraded J.M. Smucker to Long-Term Buy from Neutral due to the recent decline in shares and maintained a $140 price target.
06/07/17
MSCO
06/07/17
NO CHANGE
Target $126
MSCO
Underweight
J.M. Smucker has downside risk to Street expectations, says Morgan Stanley
Morgan Stanley analyst Matthew Grainger sees downside risk to J.M. Smucker's Q4 and FY18 Street expectations and is forecasting Q4 earnings at $1.70, versus consensus of $1.72. The analyst believes organic sales have decelerated due to difficult comps, coffee volume elasticity, and deteriorating Q4 scanner data. Grainger said the Pet Food segment remains challenged and likely limits the scope of margin expansion and said believes earnings growth is constrained by reinvestment needs, Wal-Mart exposure, and increasing private label growth in key categories. The analyst rates J.M. Smucker an Underweight with a $126 price target.

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6.01 (4.03%)

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iShares Transportation Average

$177.87

-0.23 (-0.13%)

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$60.69

-0.18 (-0.30%)

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10/20/17
08:20
Technical Analysis
Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$67.64

-0.21 (-0.31%)

08:20
10/20/17
10/20
08:20
10/20/17
08:20
Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

08:20
10/20/17
10/20
08:20
10/20/17
08:20
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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08:20
10/20/17
10/20
08:20
10/20/17
08:20
General news
Canada CPI preview »

Canada CPI preview:…

XLB

S&P Select Materials SPDR

$58.24

0.22 (0.38%)

08:19
10/20/17
10/20
08:19
10/20/17
08:19
Technical Analysis
S&P Select Materials SPDR: Pivot points »

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XLU

Utilities SPDR

$54.82

0.57 (1.05%)

08:19
10/20/17
10/20
08:19
10/20/17
08:19
Technical Analysis
Utilities SPDR: Pivot points »

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XLP

Consumer Staples Sector SPDR

$54.03

-0.29 (-0.53%)

08:19
10/20/17
10/20
08:19
10/20/17
08:19
Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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SKX

Skechers

$24.03

-1.06 (-4.22%)

08:18
10/20/17
10/20
08:18
10/20/17
08:18
Recommendations
Skechers analyst commentary  »

Evercore ISI initiates a…

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XLV

Health Care Select Sector SPDR

$83.79

0.51 (0.61%)

08:18
10/20/17
10/20
08:18
10/20/17
08:18
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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IWM

iShares Trust Russell 2000 Index Fund

$149.29

-0.23 (-0.15%)

08:18
10/20/17
10/20
08:18
10/20/17
08:18
Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

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QURE

uniQure

$15.16

5.69 (60.08%)

08:18
10/20/17
10/20
08:18
10/20/17
08:18
Technical Analysis
Technical View: uniQure hits fresh 52-week highs, levels to watch »

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DIA

Diamonds Fund ETF

$231.47

0.19 (0.08%)

08:18
10/20/17
10/20
08:18
10/20/17
08:18
Technical Analysis
Diamonds Fund ETF: Pivot points »

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SPY

SPDR S&P 500 ETF Trust

$255.79

0.07 (0.03%)

08:17
10/20/17
10/20
08:17
10/20/17
08:17
Technical Analysis
SPDR S&P 500 ETF Trust: Pivot points »

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XLF

Financial Select Sector

$26.33

0.02 (0.08%)

08:17
10/20/17
10/20
08:17
10/20/17
08:17
Technical Analysis
Financial Select Sector: Pivot points »

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SMH

Market Vectors Semiconductor

$97.85

-0.2 (-0.20%)

08:17
10/20/17
10/20
08:17
10/20/17
08:17
Technical Analysis
Market Vectors Semiconductor: Pivot points »

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QQQ

PowerShares QQQ Trust

$148.31

-0.55 (-0.37%)

08:16
10/20/17
10/20
08:16
10/20/17
08:16
Technical Analysis
PowerShares QQQ Trust: Pivot points »

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$COMP

Nasdaq Composite

08:16
10/20/17
10/20
08:16
10/20/17
08:16
Technical Analysis
Nasdaq Composite: Pivot points »

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NDX

Nasdaq 100 Index

$6,092.62

-21.73589 (-0.36%)

08:16
10/20/17
10/20
08:16
10/20/17
08:16
Technical Analysis
Nasdaq 100 Index: Pivot points »

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