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MO

Altria Group

$55.34

0.49 (0.89%)

, BUD

AB InBev

$94.30

0.37 (0.39%)

13:50
05/17/18
05/17
13:50
05/17/18
13:50

Altria Group backs FY18 adjusted EPS growth view of $3.90-$4.03, consensus $4.00

Altria (MO) reaffirmed its guidance for 2018 full-year adjusted diluted EPS to be in a range of $3.90 to $4.03, representing a growth rate of 15% to 19% from an adjusted diluted EPS base of $3.39 in 2017. This guidance range excludes special items for the first quarter of 2018 and an additional $0.07 of tax expense resulting from the Tax Cuts and Jobs Act. This tax expense is related to a tax basis adjustment to Altria's AB InBev (BUD) investment.

MO

Altria Group

$55.34

0.49 (0.89%)

BUD

AB InBev

$94.30

0.37 (0.39%)

  • 17

    May

MO Altria Group
$55.34

0.49 (0.89%)

04/30/18
04/30/18
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. Altria Group (MO) upgraded to Outperform from Sector Perform at RBC Capital with analyst Nik Modi saying while his concerns around the macro backdrop and fundamentals persist, the current valuation of 13-times forward PE is attractive relative to the broader Consumer Packaged Goods category given the company's potential catalysts of more dividend increases tracking higher interest rates and the FDA approval process for IQOS electronic cigarettes. 2. Aaron's (AAN) upgraded to Buy from Hold at Loop Capital with analyst Anthony Chukumba saying he remains "impressed" by Progressive's revenue growth and thinks the unit will benefit from Rent-A-Center's (RCII) "ongoing struggles." 3. Cirrus Logic (CRUS) upgraded to Buy from Hold at Craig-Hallum with analyst Anthony Stoss saying he believes Apple (AAPL) headwinds are already priced into the stock and a relief rally is likely following the company's upcoming earnings this Wednesday. 4. Ventas (VTR) upgraded to Market Perform from Underperform at BMO Capital with John Kim citing a more attractive valuation after the stock price came down another 19% in 2018. 5. New York Times (NYT) upgraded to Overweight from Neutral at JPMorgan with analyst Alexia Quadrani saying she believes digital demand will likely drive further "outsized growth" for New York Times. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/30/18
RBCM
04/30/18
UPGRADE
Target $65
RBCM
Outperform
Altria Group upgraded to Outperform at RBC Capital on valuation
As reported earlier, RBC Capital analyst Nik Modi upgraded Altria Group to Outperform from Sector Perform with a price target of $65. Modi notes that while his concerns around the macro backdrop and fundamentals persist, the current valuation of 13-times forward PE is attractive relative to the broader Consumer Packaged Goods category given the company's potential catalysts of more dividend increases tracking higher interest rates and the FDA approval process for IQOS electronic cigarettes.
04/30/18
RBCM
04/30/18
UPGRADE
RBCM
Outperform
Altria Group upgraded to Outperform from Sector Perform at RBC Capital
04/24/18
PIPR
04/24/18
NO CHANGE
Target $75
PIPR
Overweight
Piper Jaffray still sees 'significant upside' in shares of Altria Group
In a research note titled "The Sky Is Not Falling," Piper Jaffray analyst Michael Lavery says he believes Altria Group can deliver double-digit earnings growth over the next three years, above its long-term 7%-9% growth target, driven by pricing, tax savings, share buybacks and falling interest expense. Lavery adds that while JUUL is enjoying rapid sales growth and is a noteworthy competitor, his analysis suggests it skews to lighter users and has less converted heavy smokers. The analyst lowered his price target for Altria to $75 from $81 and maintains an Overweight rating on the shares. Lavery trimmed his multiple but still sees "significant upside" in the shares.
BUD AB InBev
$94.30

0.37 (0.39%)

05/10/18
BERN
05/10/18
NO CHANGE
Target $122.12
BERN
Outperform
AB InBev price target lowered to $122.12 from $128.75 at Bernstein
Bernstein analyst Trevor Stirling lowered his price target for AB InBev to $122.12 from $128.75 following quarterly results. The analyst reiterates an Outperform rating on the shares.
04/26/18
04/26/18
DOWNGRADE

Underperform
Follow-up: AB InBev downgraded to Underperform at BofA/Merrill
As previously reported, BofA/Merrill downgraded AB inBev to Underperform from Neutral. Analyst Fernando Ferreira expects further share price weakness due to a "materially" slow down in 2019 growth and beyond, increased risks from a "stretched" balance sheet, and further sentiment pressure on Consumer Staples if bond yields continue there climb.
04/26/18
BOFA
04/26/18
DOWNGRADE
BOFA
Underperform
AB InBev downgraded to Underperform from Neutral at BofA/Merrill
03/12/18
BERN
03/12/18
UPGRADE
Target $132.08
BERN
Outperform
AB InBev upgraded to Outperform from Market Perform at Bernstein
Bernstein analyst Trevor Stirling upgraded AB InBev to Outperform from Market Perform as he believes the company is through the worst of its operational challenges and is set-up to deliver top-of-class EPS growth at a "sensible" valuation. He raised his price target on U.S. traded shares of AB InBev to $132.08 from $120.60.

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ATTO

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$5.96

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TEUM

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