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MO

Altria Group

$66.94

-7.02 (-9.49%)

, BTI

British American Tobacco

$64.93

-4.92 (-7.04%)

08:45
07/31/17
07/31
08:45
07/31/17
08:45

Altria Group still likely to be acquired after FDA news,says Wells Fargo

After the FDA announced a new approach towards nicotine Friday, Wells Fargo expects Altria (MO) to be "a big beneficiary" of the approach, since it will spur much higher purchases of reduced-risk products and smokeless cigarettes, leading to share gains for Altria, according to the firm. Wells believes that the FDA's announcement may increase the value of Altria to "close to $90 per share" from $80 per share previously, and it continues to expect the company to be acquired by Philip Morris (PM). Wells thinks that tobacco stocks could experience an "overhang in the near-term," but it says the news "could be positive" for the sector over the longer term, as it thinks the large tobacco companies will ultimately benefit from the change in consumption trends. British American Tobacco (BTI) is another publicly traded company in the sector.

MO

Altria Group

$66.94

-7.02 (-9.49%)

BTI

British American Tobacco

$64.93

-4.92 (-7.04%)

PM

Philip Morris

$118.51

0.32 (0.27%)

MO Altria Group
$66.94

-7.02 (-9.49%)

05/24/17
PIPR
05/24/17
INITIATION
Target $76
PIPR
Overweight
Altria Group initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Michael Lavery started Altria Group with an Overweight rating and $76 price target, calling its achievement of its 7-9% EPS growth target "nearly a given." U.S. tax reform could also give a "significant lift" to earnings, Lavery adds.
07/31/17
RBCM
07/31/17
UPGRADE
RBCM
Sector Perform
Altria Group upgraded to Sector Perform from Underperform at RBC Capital
07/17/17
WELS
07/17/17
NO CHANGE
WELS
Altria Group should be bought on any weakness after results, says Wells Fargo
Wells Fargo believes that Altria Group's Q2 results were hurt by the California excise tax and the performance of its cheaper brands. It believes that the stock's risk/reward is negative heading into the results. However, the firm recommends that longer term investors buy the stock on any weakness following the results. It keeps an Outperform rating on the shares.
07/28/17
JEFF
07/28/17
NO CHANGE
JEFF
FDA plan could be positive for tobacco industry profit growth, says Jefferies
Jefferies analyst Owen Bennett said the FDA plan to pursue cutting nicotine in cigarettes is a positive for future profit growth, arguing it could lead to more favorable tax treatment and volume growth in vapor. However the key question will now be who is positioned to take advantage, he tells investors. Shares of tobacco product companies are sharply lower after the FDA announced its new proposal.
BTI British American Tobacco
$64.93

-4.92 (-7.04%)

04/06/17
EXAN
04/06/17
UPGRADE
EXAN
Outperform
British American Tobacco upgraded to Outperform at Exane BNP Paribas
05/25/17
PIPR
05/25/17
INITIATION
PIPR
Overweight
British American Tobacco initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Michael Lavery started British American Tobacco with an Overweight rating and GBP 59 price target.
07/31/17
PIPR
07/31/17
NO CHANGE
PIPR
Overweight
British American Tobacco recent selloff overdone, says Piper Jaffray
Piper Jaffray analyst Michael Lavery views the recent pullback in shares of British American Tobacco as overdone. Regulatory risks in the U.S. seem to be manageable while glo provides potential longer-term incremental upside to earnings, Lavery tells investors in a research note. The FDA has begun to emphasize moving current smokers toward non-combustible forms of nicotine delivery, such as glo, the analyst points out. Further, he does not expect the FDA's change in tone to impact U.S. cigarette earnings. The analyst keeps an Overweight rating on British American Tobacco.
PM Philip Morris
$118.51

0.32 (0.27%)

07/28/17
COWN
07/28/17
NO CHANGE
COWN
Philip Morris least exposed to FDA loweirng nicotine levels, says Cowen
06/26/17
COWN
06/26/17
NO CHANGE
Target $130
COWN
Outperform
Philip Morris Q1 double digit cigarette volume declines a surprise, says Cowen
Cowen analyst Vivien Azer said investors were surprised by the double digit cigarette volume declines reported by Philip Morris in Q1, but she expects the trends to improve sequentially in Q2. Coupled with the continued ramp up of iQos, she remains constructive on the company's ability to deliver strong local currency profits as the volume declines stem from low profit markets. Azer reiterated her Outperform rating and $130 price target on Phillip Morris shares.
07/28/17
PIPR
07/28/17
NO CHANGE
Target $134
PIPR
Overweight
Philip Morris selloff a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Michael Lavery views the selloff in shares of Philip Morris on the FDA's comments as a buying opportunity. Philip Morris, with no cigarette sales "whatsoever" in the U.S., is trading off in sympathy with the group, though today's news is likely net positive for the company, Lavery tells investors in a research note after the FDA announced intentions to reduce nicotine levels in cigarettes. He reiterates an Overweight rating on Philip Morris with a $134 price target

TODAY'S FREE FLY STORIES

CAFD

8point3 Energy

$14.94

0.04 (0.27%)

, PEGI

Pattern Energy

$22.13

0.14 (0.64%)

15:46
11/20/17
11/20
15:46
11/20/17
15:46
Periodicals
8point3 draws interest from Capital Dynamics, Pattern Energy, Bloomberg says »

Capital Dynamics and…

CAFD

8point3 Energy

$14.94

0.04 (0.27%)

PEGI

Pattern Energy

$22.13

0.14 (0.64%)

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  • 05

    Dec

VRX

Valeant

$15.64

0.95 (6.47%)

15:40
11/20/17
11/20
15:40
11/20/17
15:40
Options
Valeant calls active as shares see relative strength »

Valeant calls active as…

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  • 14

    Dec

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    Jun

HAIN

Hain Celestial

$39.84

1.35 (3.51%)

, GIS

General Mills

$54.23

0.51 (0.95%)

15:34
11/20/17
11/20
15:34
11/20/17
15:34
Periodicals
General Mills, not Nestle, should buy Hain Celestial, Cramer says »

Following a Bloomberg…

HAIN

Hain Celestial

$39.84

1.35 (3.51%)

GIS

General Mills

$54.23

0.51 (0.95%)

NSRGY

Nestle

$85.11

0.7 (0.83%)

03/08/13
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03/06/13
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03/06/13
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INTU

Intuit

$156.55

0.9 (0.58%)

15:34
11/20/17
11/20
15:34
11/20/17
15:34
Options
Intuit options imply 5.7% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 20

    Nov

SHPG

Shire

$147.37

2.74 (1.89%)

, RHHBY

Roche

$29.10

0.205 (0.71%)

15:32
11/20/17
11/20
15:32
11/20/17
15:32
Recommendations
Shire, Roche analyst commentary  »

Shire selloff on Roche…

SHPG

Shire

$147.37

2.74 (1.89%)

RHHBY

Roche

$29.10

0.205 (0.71%)

03/08/13
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03/06/13
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03/06/13
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  • 30

    Nov

  • 23

    Dec

  • 23

    Feb

15:30
11/20/17
11/20
15:30
11/20/17
15:30
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

TWX

Time Warner

$87.93

-0.79 (-0.89%)

15:28
11/20/17
11/20
15:28
11/20/17
15:28
Technical Analysis
Technical View: Time Warner drops on pending antitrust briefing »

The stock was last down…

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T

AT&T

$34.74

0.23 (0.67%)

, TWX

Time Warner

$87.93

-0.79 (-0.89%)

15:28
11/20/17
11/20
15:28
11/20/17
15:28
Periodicals
DOJ antitrust announcement concerns AT&T, Time Warner, NBC reports »

Bloomberg also reported…

T

AT&T

$34.74

0.23 (0.67%)

TWX

Time Warner

$87.93

-0.79 (-0.89%)

03/08/13
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03/06/13
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  • 29

    Nov

MRVL

Marvell

$20.29

0.03 (0.15%)

, CAVM

Cavium

$75.83

-0.47 (-0.62%)

15:27
11/20/17
11/20
15:27
11/20/17
15:27
Recommendations
Marvell, Cavium, Broadcom analyst commentary  »

Marvell price target…

MRVL

Marvell

$20.29

0.03 (0.15%)

CAVM

Cavium

$75.83

-0.47 (-0.62%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

03/08/13
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03/06/13
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03/06/13
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  • 27

    Nov

  • 28

    Nov

  • 28

    Nov

  • 06

    Dec

HAIN

Hain Celestial

$39.84

1.35 (3.51%)

15:24
11/20/17
11/20
15:24
11/20/17
15:24
Technical Analysis
Technical View: Hain Celestial spikes higher, retraces some gains »

The shares have come off…

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HAIN

Hain Celestial

$39.84

1.35 (3.51%)

, NSRGY

Nestle

$85.11

0.7 (0.83%)

15:22
11/20/17
11/20
15:22
11/20/17
15:22
Hot Stocks
Hain Celestial surges after report of Nestle weighing potential bid »

Shares of Hain Celestial…

HAIN

Hain Celestial

$39.84

1.35 (3.51%)

NSRGY

Nestle

$85.11

0.7 (0.83%)

03/08/13
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03/06/13
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03/06/13
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SRPT

Sarepta

$56.11

1.07 (1.94%)

15:20
11/20/17
11/20
15:20
11/20/17
15:20
Options
Sarepta Therapeutics sees a bullish option play »

Sarepta Therapeutics sees…

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  • 27

    Nov

HAIN

Hain Celestial

$40.06

0.21 (0.53%)

15:19
11/20/17
11/20
15:19
11/20/17
15:19
Hot Stocks
Breaking Hot Stocks news story on Hain Celestial »

Hain Celestial trading…

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HRG

HRG Group

$16.06

-0.025 (-0.16%)

15:19
11/20/17
11/20
15:19
11/20/17
15:19
Options
Harbinger options imply 8.5% move in share price post-earnings, above median historical move »

Pre-earnings options…

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HAIN

Hain Celestial

$39.84

1.35 (3.51%)

, NSRGY

Nestle

$85.11

0.7 (0.83%)

15:17
11/20/17
11/20
15:17
11/20/17
15:17
Hot Stocks
Breaking Hot Stocks news story on Hain Celestial, Nestle »

Hain Celestial jumps 7%,…

HAIN

Hain Celestial

$39.84

1.35 (3.51%)

NSRGY

Nestle

$85.11

0.7 (0.83%)

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$NSD

NASDAQ Market Internals

15:17
11/20/17
11/20
15:17
11/20/17
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

15:16
11/20/17
11/20
15:16
11/20/17
15:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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NSRGY

Nestle

$85.11

0.7 (0.83%)

, HAIN

Hain Celestial

$39.84

1.35 (3.51%)

15:16
11/20/17
11/20
15:16
11/20/17
15:16
Periodicals
Breaking Periodicals news story on Nestle, Hain Celestial »

Nestle looking into bid…

NSRGY

Nestle

$85.11

0.7 (0.83%)

HAIN

Hain Celestial

$39.84

1.35 (3.51%)

03/08/13
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CRNCY

Cairn Energy

$5.63

0.3383 (6.39%)

, BP

BP

$39.10

0.01 (0.03%)

15:14
11/20/17
11/20
15:14
11/20/17
15:14
Periodicals
BP in talks to buy 30% SNE field stake from Cairn Energy, Reuters reports »

Cairn Energy (CRNCY) is…

CRNCY

Cairn Energy

$5.63

0.3383 (6.39%)

BP

BP

$39.10

0.01 (0.03%)

03/08/13
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HAIN

Hain Celestial

$39.98

0.13 (0.33%)

15:14
11/20/17
11/20
15:14
11/20/17
15:14
Hot Stocks
Breaking Hot Stocks news story on Hain Celestial »

Hain Celestial trading…

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T

AT&T

$34.76

0.25 (0.72%)

, TWX

Time Warner

$88.62

-0.1 (-0.11%)

15:12
11/20/17
11/20
15:12
11/20/17
15:12
Periodicals
U.S. to hold briefing today on 'significant antitrust matter,' Bloomberg says »

Shares of AT&T (T)…

T

AT&T

$34.76

0.25 (0.72%)

TWX

Time Warner

$88.62

-0.1 (-0.11%)

03/08/13
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03/06/13
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03/06/13
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  • 29

    Nov

NBRV

Nabriva Therapeutics

$5.80

0.05 (0.87%)

15:10
11/20/17
11/20
15:10
11/20/17
15:10
Options
Notable call buying in Nabriva Therapeutics »

Notable call buying in…

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BLMN

Bloomin' Brands

$18.27

0.49 (2.76%)

15:07
11/20/17
11/20
15:07
11/20/17
15:07
Hot Stocks
Bloomin' Brands jumps after Jana reports stake, says may push for sale »

Shares of Bloomin'…

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AAME

Atlantic American Corp

$3.60

-0.05 (-1.37%)

15:06
11/20/17
11/20
15:06
11/20/17
15:06
Hot Stocks
Atlantic American Corp names Ross Franklin as CFO »

Atlantic American…

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VIPS

Vipshop

$9.24

-0.545 (-5.57%)

15:04
11/20/17
11/20
15:04
11/20/17
15:04
Options
Vipshop options imply 13.3% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 21

    Nov

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