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FIZZ

National Beverage

$107.41

1.98 (1.88%)

, PEP

PepsiCo

$120.17

1.12 (0.94%)

10:00
01/22/18
01/22
10:00
01/22/18
10:00

National Beverage weakness attributed to PepsiCo 'Bubly' launch

Weakness in shares of National Beverage (FIZZ), the parent of the La Croix brand of sparkling water, is being attributed to cautious comments from Credit Suisse regarding the increased competition in the category coming in the form of the upcoming launch by PepsiCo (PEP) of the "Bubly" brand of beverages, according to contacts. Shares of National Beverage are down about 1.4% in early trading.

FIZZ

National Beverage

$107.41

1.98 (1.88%)

PEP

PepsiCo

$120.17

1.12 (0.94%)

FIZZ National Beverage
$107.41

1.98 (1.88%)

11/20/17
11/20/17
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. Verizon (VZ) upgraded to Outperform from Market Perform at Wells Fargo with analyst Jennifer Fritzsche saying after dropping 16% since mid-January, "much of the bad news is behind the stock" in terms of wireless service revenue declines. 2. 3D Systems (DDD) upgraded to Neutral from Underweight at Piper Jaffray with analyst Troy Jensen saying he sees limited downside from current share levels. 3. Viacom (VIAB, VIA) upgraded to Hold from Sell at Deutsche Bank with analyst Bryan Kraft saying he sees limited room for further multiple compression. 4. Maxwell (MXWL) upgraded to Buy from Neutral at Roth Capital with analyst Craig Irwin saying he sees consensus estimates as achievable for 2018, and merger synergies with NessCap should start making a more material contribution over the next few quarters. 5. National Beverage (FIZZ) upgraded to Positive from Neutral at Susquehanna with analyst Pablo Zuanic citing his increased conviction on the sales and bottom-line upside of the company. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/05/17
FBCO
12/05/17
NO CHANGE
FBCO
Boston Beer, others among biggest tax reform beneficiaries, says Credit Suisse
Taking a look at his U.S. Beverage coverage, Credit Suisse analyst Laurent Grandet thinks the biggest beneficiaries of the marginal corporate tax rate moving to 20% could be Boston Beer (SAM), Dr Pepper Snapple (DPS), National Beverage (FIZZ), and Monster Beverage (MNST). The analyst's analysis suggests the company that could benefit the least is Constellation Brands (STZ, STZ.B), despite having more than 90% of sales in the U.S.
12/08/17
MAXM
12/08/17
NO CHANGE
Target $40
MAXM
Sell
National Beverage sale 'highly unlikely' due to weak brands, says Maxim
Maxim analyst Anthony Vendetti continues to recommend a Sell on National Beverage stock with a price target of $40 despite the better than expected Q2 results. Vendetti says the case volume in Power+ Brands segment, which accounts for 52% of total sales and includes LaCroix, grew 41%. However, the carbonated soft drinks segment volume has likely declined again and has been flat-to-down over the last four years, writes the analyst in his research note. Vendetti says the company's "numerous weak brands and opaque financial reporting" make its sale "highly unlikely".
12/08/17
FBCO
12/08/17
NO CHANGE
Target $89
FBCO
Underperform
National Beverage's LaCroix growth slowing, says Credit Suisse
Credit Suisse analyst Laurent Grandet noted National Beverage reported Q2 results that beat headline consensus, but he said the consensus, which includes only three estimates, is "skewed artificially low." Its solid fundamentals are driven "almost entirely" by the success of LaCroix, whose growth trajectory is slowing, said Grandet, who keeps an Underperform rating on National Beverage shares.
PEP PepsiCo
$120.17

1.12 (0.94%)

10/02/17
SUSQ
10/02/17
NO CHANGE
Target $135
SUSQ
Positive
PepsiCo could be next takeout for AB In Bev, says Susquehanna
Susquehanna analyst Pablo Zuanic noted Pepsico (PEP) reports Q3 on October 3rd and he projects year-to-date metrics and earnings are below consensus. He trimmed his North American sales growth on weaker trends than expected, but he believes the potential miss could already be reflected in the shares. The analyst said based on valuation and fundamentals the stock deserves a Neutral rating but he continues to see it as the next logical target for AB InBev (BUD) in a joint bid with Kraft Heinz (KHC). Zuanic keeps a $135 price target on PepsiCo shares.
10/02/17
10/02/17
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. PepsiCo (PEP) downgraded to Hold from Buy at Jefferies with analyst Kevin Grundy saying North American beverage trends continue to deteriorate and Pepsi's likely need for reinvestment should "cap the stock" over the next 12 months. 2. Western Digital (WDC) downgraded to Neutral from Outperform at Baird with analyst Tristan Gerra saying he believes the potential outcomes from the company's ongoing litigation with Toshiba (TOSYY) "range from neutral to significantly negative" and the ongoing fight will cap the stock's valuation in the near-term. 3. Uniti Group (UNIT) downgraded to Neutral from Overweight at JPMorgan with analyst Philip Cusick saying the "theme of Windstream's (WIN) distress continues to increase in volume." 4. Parker-Hannifin (PH) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Nigel Coe saying he sees a more balanced risk-reward following the stock's strong outperformance since the election. 5. bluebird bio (BLUE) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Matthew Harrison saying he believes the risks ahead of the company's presentation of LentiGlobin sickle cell data at December's American Society of Hematology meeting remains underappreciated. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/13/17
DBAB
12/13/17
INITIATION
Target $132
DBAB
Buy
PepsiCo initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Steve Powers started PepsiCo with a Buy rating and $132 price target. The analyst sees the company's increased investments as ultimately paying off.
01/04/18
WELS
01/04/18
NO CHANGE
Target $115
WELS
Market Perform
PepsiCo price target raised to $115 from $110 at Wells Fargo
Wells Fargo analyst Bonnie Herzog raised her price target for PepsiCo to $115 from $110, citing tax reform and stronger macros. The analyst reiterates a Market Perform rating on the shares.

TODAY'S FREE FLY STORIES

ATTO

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VKTX

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KEX

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TEUM

Pareteum

$2.13

-0.09 (-4.05%)

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NINE

Nine Energy Services

$33.58

-1.6 (-4.55%)

18:01
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TEUM

Pareteum

$2.13

-0.09 (-4.05%)

, IPAS

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$1.14

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BMWYY

BMW

$0.00

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BMW in talks to sell branded credit-card unit, Bloomberg says »

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NVDA

Nvidia

$189.37

-16.25 (-7.90%)

17:54
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GLD

SPDR Gold Trust

$113.66

-0.82 (-0.72%)

17:51
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SPDR Gold Trust holdings rise to 762.00MT from 755.23MT »

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TSLA

Tesla

$331.15

-19.54 (-5.57%)

17:45
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Periodicals
Tesla legal executive with regulatory experience leaving, Bloomberg says »

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HUYA

Huya

$18.50

-0.5 (-2.63%)

17:34
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Huya reports Q3 average mobile MAUs 49.4M, up 28.2% from last year »

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VLKAY

Volkswagen

$0.00

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Trump close to auto tariffs in a move that may have 'massive' fallout, BI says »

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GM

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FCAU

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MPVD

Mountain Province Diamonds

$1.42

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17:32
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HUYA

Huya

$18.50

-0.5 (-2.63%)

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YY

YY

$61.39

-3.34 (-5.16%)

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HUYA

Huya

$18.50

-0.5 (-2.63%)

17:31
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YY

YY

$61.39

-3.34 (-5.16%)

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CVX

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, XOM

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ESS

Essex Property Trust

$254.54

0.59 (0.23%)

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ROAN

Roan Resources

$15.90

(0.00%)

17:25
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Roan Resources sees Q4 production 52-56 MBoe/d »

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ROAN

Roan Resources

$15.90

(0.00%)

17:24
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Roan Resources reports Q3 total production up 30% to 46.5 MBoe/d »

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ROAN

Roan Resources

$15.90

(0.00%)

17:23
11/12/18
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Earnings
Roan Resources reports Q3 adjusted EPS 21c, consensus 24c »

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INTC

Intel

$46.66

-1.44 (-2.99%)

17:19
11/12/18
11/12
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17:19
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Intel accelerates launch of multimode modem to support 5G rollouts »

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