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MO

Altria Group

$55.34

0.49 (0.89%)

13:52
05/17/18
05/17
13:52
05/17/18
13:52

Altria says Howard Williard succeeds Marty Barrington as Chairman and CEO

Following today's Annual Meeting, Howard Willard succeeded Mary Barrington as Altria's Chairman and CEO. Earlier this year, Barrington announced his decision to retire after 25 years of distinguished service.

  • 17

    May

MO Altria Group
$55.34

0.49 (0.89%)

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.
04/30/18
RBCM
04/30/18
UPGRADE
RBCM
Outperform
Altria Group upgraded to Outperform from Sector Perform at RBC Capital
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
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.

TODAY'S FREE FLY STORIES

HLF

Herbalife Nutrition

$53.85

-0.14 (-0.26%)

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FCAU

Fiat Chrysler

$22.26

-0.205 (-0.91%)

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Fiat Chrysler recalls estimated 4.8M U.S.-market vehicles for software upgrade »

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08:45
05/25/18
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Conference/Events
Federal Reserve Chairman Powell participates in a panel discussion »

Federal Reserve Chairman…

NOK

Nokia

$6.09

-0.01 (-0.16%)

, AAOI

Applied Optoelectronics

$33.91

0.24 (0.71%)

08:45
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Options
Largest borrow rate increases among liquid names »

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NOK

Nokia

$6.09

-0.01 (-0.16%)

AAOI

Applied Optoelectronics

$33.91

0.24 (0.71%)

MDXG

MiMedx

$8.86

-0.12 (-1.34%)

GERN

Geron

$4.81

0.14 (3.00%)

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08:45
05/25/18
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General news
Treasury Action: yields remained at low ebb »

Treasury Action: yields…

08:35
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General news
U.S. durable goods orders fell 1.7% in April »

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TIF

Tiffany

$126.44

0.3 (0.24%)

08:34
05/25/18
05/25
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08:34
Recommendations
Tiffany analyst commentary  »

Tiffany price target…

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  • 26

    Jun

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    Jun

DECK

Deckers Brands

$103.63

0.8 (0.78%)

08:34
05/25/18
05/25
08:34
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08:34
Technical Analysis
Technical Take: Deckers at new 52-week high after earnings, analyst action »

The company reported…

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USNA

USANA

$116.75

-2.85 (-2.38%)

08:34
05/25/18
05/25
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08:34
Hot Stocks
USANA clinical sciences team to be led by Rolando Maddela, Jessie Johnson »

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WB

Weibo

$102.36

-1.08 (-1.04%)

08:33
05/25/18
05/25
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08:33
Recommendations
Weibo analyst commentary  »

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  • 10

    Sep

HWC

Hancock Whitney Corporation

$51.60

-0.2 (-0.39%)

, BBRG

Bravo Brio Restaurant

$4.05

(0.00%)

08:30
05/25/18
05/25
08:30
05/25/18
08:30
Options
One new option listing and two option delistings on May 25th »

New option listings for…

HWC

Hancock Whitney Corporation

$51.60

-0.2 (-0.39%)

BBRG

Bravo Brio Restaurant

$4.05

(0.00%)

HBHC

Symbol changed to HWC

$51.60

-0.2 (-0.39%)

03/08/13
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08:30
05/25/18
05/25
08:30
05/25/18
08:30
General news
Fed Chairman Powell will make an appearance »

Fed Chairman Powell will…

SPLK

Splunk

$116.35

-0.2 (-0.17%)

08:28
05/25/18
05/25
08:28
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08:28
Recommendations
Splunk analyst commentary  »

Splunk price target…

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  • 10

    Jul

FL

Foot Locker

$46.38

1.35 (3.00%)

08:27
05/25/18
05/25
08:27
05/25/18
08:27
Technical Analysis
Technical Take: Foot Locker sharply higher after earning beat, outlook »

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  • 25

    May

WAL

Western Alliance

$61.53

-0.305 (-0.49%)

, FCB

FCB Financial

$61.60

0.2 (0.33%)

08:26
05/25/18
05/25
08:26
05/25/18
08:26
Recommendations
Western Alliance, FCB Financial analyst commentary  »

Western Alliance unlikely…

WAL

Western Alliance

$61.53

-0.305 (-0.49%)

FCB

FCB Financial

$61.60

0.2 (0.33%)

03/08/13
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LH

LabCorp

$175.31

-0.27 (-0.15%)

, DGX

Quest Diagnostics

$100.89

-0.34 (-0.34%)

08:25
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05/25
08:25
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08:25
Recommendations
LabCorp, Quest Diagnostics, UnitedHealth, Aetna analyst commentary  »

UnitedHealth news…

LH

LabCorp

$175.31

-0.27 (-0.15%)

DGX

Quest Diagnostics

$100.89

-0.34 (-0.34%)

UNH

UnitedHealth

$242.73

-1.48 (-0.61%)

AET

Aetna

$177.05

-0.31 (-0.17%)

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  • 30

    May

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ZOES

Zoe's Kitchen

$14.48

-0.41 (-2.75%)

08:21
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Downgrade
Zoe's Kitchen rating change  »

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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
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DJ Transportation Average: Pivot points »

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$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
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Technical Analysis
DJ Utility Average: Pivot points »

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GPS

Gap

$32.97

1 (3.13%)

, LULU

Lululemon

$106.37

1.13 (1.07%)

08:20
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05/25
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08:20
Recommendations
Gap, Lululemon analyst commentary  »

Gap pullback a buying…

GPS

Gap

$32.97

1 (3.13%)

LULU

Lululemon

$106.37

1.13 (1.07%)

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  • 31

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
05/25/18
05/25
08:20
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08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$195.76

2.25 (1.16%)

08:20
05/25/18
05/25
08:20
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08:20
Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$69.82

-0.04 (-0.06%)

08:20
05/25/18
05/25
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Technical Analysis
Technology Select Sector SPDR: Pivot points »

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XLE

Energy Select Sector SPDR

$76.54

-1.29 (-1.66%)

08:19
05/25/18
05/25
08:19
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Technical Analysis
Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

$105.98

0.25 (0.24%)

08:19
05/25/18
05/25
08:19
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08:19
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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