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PM

Philip Morris

$79.83

-1.04 (-1.29%)

15:54
05/15/18
05/15
15:54
05/15/18
15:54

Philip Morris director acquires 48,750 common shares

In a regulatory filing, Philip Morris director Werner Geissler disclosed the purchase of 48,750 common shares of the company at a price of $81.4436 per share.

  • 28

    May

PM Philip Morris
$79.83

-1.04 (-1.29%)

04/20/18
STFL
04/20/18
NO CHANGE
Target $100
STFL
Buy
Philip Morris price target lowered to $100 from $125 at Stifel
Stifel analyst Christopher Growe said he still believes in iQOS and its "power to reshape" Philip Morris. However, given that the more bullish case for iQOS is now likely delayed following the company's Q1 report and FY18 guidance, Growe lowered his price target on Philip Morris to $100 from $125. He maintains a Buy rating on the shares, which he notes are now trading at a "deep discount" to global consumer staples peers and should see support from the 5% dividend yield.
04/20/18
GSCO
04/20/18
DOWNGRADE
Target $102
GSCO
Buy
Philip Morris downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Judy Hong removed Philip Morris from the Conviction Buy List and lowered its price target to $102 from $126 following the IQOS Q1 volume miss and more cautious tone on IQOS trajectory in Japan. Hong continues to believe the company will deliver organic growth at the high-end of the peer group and that the IQOS opportunity is attractive over time.
04/20/18
MSCO
04/20/18
NO CHANGE
MSCO
Morgan Stanley says $25B loss in Philip Morris market cap hard to comprehend
Morgan Stanley analyst Matthew Grainger called Philip Morris' largest-ever single day decline yesterday, which knocked $25B off its market cap, "difficult to comprehend" and reflective of "a complete crisis of faith in iQOS' potential value creation." However, he notes that a reduction in iQOS share to 16% in 2025 versus his prior 26% expectation would have only a $3 per share impact on his valuation of Philip Morris shares. Grainger, who sees "exceptional value" in Philip Morris shares at current levels, has an Overweight rating and $123 price target on the stock and added that he also views the sympathy weakness elsewhere in the sector as unjustified.
04/20/18
04/20/18
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. Procter & Gamble (PG) downgraded to Neutral from Buy at BofA/Merrill and to Hold from Buy at Deutsche Bank aw well as Argus. 2. Philip Morris (PM) downgraded to Buy from Conviction Buy at Goldman Sachs and to Underperform from Neutral at BofA/Merrill. 3. DHT Holdings (DHT) downgraded to Neutral from Overweight at JPMorgan with analyst Noah Parquette saying he has become more constructive on a crude tanker recovery in 2019 but cites relative valuation for the downgrade on DHT. 4. Skechers (SKX) downgraded to Neutral from Outperform at Wedbush with analyst Christopher Svezia citing the company's first quarter results. 5. Tyson Foods (TSN) downgraded to Hold from Buy at Vertical Group. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

COST

Costco

$227.35

1.68 (0.74%)

07:26
08/21/18
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07:26
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  • 04

    Oct

LB

L Brands

$33.07

0.53 (1.63%)

07:26
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  • 23

    Aug

MGM

MGM Resorts

$28.59

0.035 (0.12%)

, CZR

Caesars

$10.05

0.05 (0.50%)

07:25
08/21/18
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Recommendations
MGM Resorts, Caesars analyst commentary  »

Room survey suggests…

MGM

MGM Resorts

$28.59

0.035 (0.12%)

CZR

Caesars

$10.05

0.05 (0.50%)

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LII

Lennox

$225.37

2.76 (1.24%)

07:24
08/21/18
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07:24
Initiation
Lennox initiated  »

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  • 21

    Aug

HCSG

Healthcare Services

$41.33

0.11 (0.27%)

07:23
08/21/18
08/21
07:23
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07:23
Conference/Events
Healthcare Services management to meet with Benchmark »

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  • 28

    Aug

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    Aug

GTT

GTT Communications

$38.30

-0.7 (-1.79%)

07:23
08/21/18
08/21
07:23
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07:23
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FOE

Ferro

$21.23

-0.06 (-0.28%)

07:22
08/21/18
08/21
07:22
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07:22
Conference/Events
Ferro management to meet with KeyBanc »

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  • 28

    Aug

  • 11

    Sep

TSS

TSYS

$94.88

-0.01 (-0.01%)

07:21
08/21/18
08/21
07:21
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07:21
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TSYS analyst commentary  »

TSYS price target raised…

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  • 12

    Sep

  • 17

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  • 06

    Nov

FITB

Fifth Third

$29.83

0.145 (0.49%)

07:21
08/21/18
08/21
07:21
08/21/18
07:21
Conference/Events
Fifth Third management to meet with Wedbush »

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03/08/13
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  • 28

    Aug

  • 23

    Oct

YRCW

YRC Worldwide

$9.11

0.11 (1.22%)

07:21
08/21/18
08/21
07:21
08/21/18
07:21
Conference/Events
YRC Worldwide management to meet with Deutsche Bank »

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  • 21

    Aug

  • 06

    Nov

MDT

Medtronic

$90.06

-0.54 (-0.60%)

07:20
08/21/18
08/21
07:20
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07:20
Hot Stocks
Breaking Hot Stocks news story on Medtronic »

Medtronic up 4.4% to…

03/08/13
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03/08/13
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03/06/13
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  • 21

    Aug

  • 23

    Aug

  • 05

    Sep

  • 12

    Sep

ECOM

ChannelAdvisor

$12.95

-0.15 (-1.15%)

07:20
08/21/18
08/21
07:20
08/21/18
07:20
Conference/Events
ChannelAdvisor management to meet with KeyBanc »

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03/08/13
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  • 21

    Aug

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    Aug

  • 28

    Aug

  • 06

    Sep

  • 07

    Sep

JCI

Johnson Controls

$38.73

0.48 (1.25%)

07:20
08/21/18
08/21
07:20
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07:20
Upgrade
Johnson Controls rating change  »

Johnson Controls upgraded…

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JPM

JPMorgan

$114.62

-0.13 (-0.11%)

07:19
08/21/18
08/21
07:19
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07:19
Periodicals
JPMorgan to launch new investing app for free, CNBC reports »

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  • 12

    Oct

  • 26

    Feb

DLB

Dolby

$68.32

-0.75 (-1.09%)

07:19
08/21/18
08/21
07:19
08/21/18
07:19
Conference/Events
Dolby management to meet with William Blair »

Meeting to be held in San…

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  • 21

    Aug

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  • 06

    Sep

EPAM

Epam Systems

$136.36

1.355 (1.00%)

07:18
08/21/18
08/21
07:18
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07:18
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CRZO

Carrizo Oil & Gas

$22.79

0.05 (0.22%)

07:17
08/21/18
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07:17
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Conference/Events
Carrizo Oil & Gas management to meet with Stephens »

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  • 28

    Aug

BBY

Best Buy

$79.39

0.91 (1.16%)

, AMZN

Amazon.com

$1,875.45

-6.49 (-0.34%)

07:17
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Recommendations
Best Buy, Amazon.com analyst commentary  »

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BBY

Best Buy

$79.39

0.91 (1.16%)

AMZN

Amazon.com

$1,875.45

-6.49 (-0.34%)

03/08/13
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  • 28

    Aug

  • 13

    Sep

ACRS

Aclaris Therapeutics

$16.01

0.34 (2.17%)

07:17
08/21/18
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Hot Stocks
Aclaris Therapeutics announces ATI-450 findings in publication »

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USB

U.S. Bancorp

$53.81

0.51 (0.96%)

07:17
08/21/18
08/21
07:17
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07:17
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U.S. Bancorp analyst commentary  »

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CRON

Cronos Group

$7.33

0.78 (11.91%)

07:16
08/21/18
08/21
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07:16
Hot Stocks
Cronos Group announces initial supply agreement for retail distribution »

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HOME

At Home Group

$34.01

0.06 (0.18%)

07:15
08/21/18
08/21
07:15
08/21/18
07:15
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At Home Group analyst commentary  »

At Home Group's…

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  • 29

    Aug

AZPN

Aspen Technology

$107.56

-0.21 (-0.19%)

07:15
08/21/18
08/21
07:15
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07:15
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Aspen Technology analyst commentary  »

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07:15
08/21/18
08/21
07:15
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07:15
General news
Treasury Market Outlook: Treasury yields are higher »

Treasury Market Outlook:…

NEO

NeoGenomics

$12.85

0.165 (1.30%)

07:15
08/21/18
08/21
07:15
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07:15
Initiation
NeoGenomics initiated  »

NeoGenomics initiated…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 24

    Sep

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  • 06

    Nov

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