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PG

Procter & Gamble

$73.45

-0.51 (-0.69%)

, PEP

PepsiCo

$97.51

-0.45 (-0.46%)

13:10
05/19/18
05/19
13:10
05/19/18
13:10

Coca-Cola, PepsiCo look like bargains, Barron's says

Investors have punished many consumer-staples stocks this year, Lawrence Strauss writes in this week's edition of Barron's. But there are some household names at knockdown prices, namely Procter & Gamble (PG), PepsiCo (PEP) and Coca-Cola (KO), he notes. Reference Link

PG

Procter & Gamble

$73.45

-0.51 (-0.69%)

PEP

PepsiCo

$97.51

-0.45 (-0.46%)

KO

Coca-Cola

$42.18

-0.13 (-0.31%)

PG Procter & Gamble
$73.45

-0.51 (-0.69%)

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.
04/20/18
ARGS
04/20/18
DOWNGRADE
ARGS
Hold
Procter & Gamble downgraded to Hold at Argus on limited organic growth recovery
As reported earlier, Argus analyst John Staszak downgraded Procter & Gamble to Hold from Buy, saying organic growth has not improved to the expected extent even after the company spun off its Beauty and other businesses in recent years. Staszak adds P&G continues to lose market share to "fierce" competition, while its margin expansion has also slowed. The analyst sees the current valuation multiple of 17.7-times his FY18 EPS view as fair, but adds he would consider a more constructive stance if organic growth accelerated.
04/20/18
RHCO
04/20/18
NO CHANGE
Target $75
RHCO
Hold
Procter & Gamble price target lowered to $75 from $90 at SunTrust
SunTrust analyst William Chappell lowered his price target on Procter & Gamble to $75 after the company's in-line Q3 earnings and updated guidance. Chappell says the continued success of Laundry, Beauty, and Health Care segments are encouraging, but also sees "little visibility" on when he can expect Baby and Grooming segments' pricing environment to improve. The analyst keeps his Hold rating on Procter & Gamble amid ongoing issues in the Baby, Feminine & Family Care segment, with Q1 growth down 3% driven by 2% decline in volume and 1% decline in price.
04/20/18
ARGS
04/20/18
DOWNGRADE
ARGS
Hold
Procter & Gamble downgraded to Hold from Buy at Argus
PEP PepsiCo
$97.51

-0.45 (-0.46%)

04/17/18
GSCO
04/17/18
UPGRADE
Target $46
GSCO
Neutral
Coca-Cola upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Judy Hong upgraded Coca-Cola (KO) to Neutral while reducing her price target for the shares to $46 from $47. The analyst coupled the upgrade with a downgrade of PepsiCo (PEP) to Sell. For Coca-Cola, the analyst sees an improving organic sales growth outlook, "cleaner base" post-refranchising, and better visibility on its margin and earnings targets. She calls the company "one of the rare" over 4% organic growth mega-cap stories in Americas Beverages.
04/17/18
04/17/18
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. PepsiCo (PEP) downgraded to Sell from Neutral at Goldman Sachs with analyst Judy Hong saying the potential for continued softer North American Beverage volumes could weigh on the company's organic sales growth. 2. Bristol-Myers (BMY) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger saying the Opdivo + Yervoy combination showed worse efficacy cross-trial compared to Merck's (MRK) Keytruda+chemo combo. 3. Acacia (ACIA) downgraded to Neutral from Buy at BofA/Merrill and to Neutral from Overweight at Piper Jaffray. 4. International Paper (IP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Paul Quinn saying the company has "considerable tailwinds" in its core North America containerboard business, as well as strong conditions in the pulp and paper business, but sees the potential acquisition of Smurfit Kappa (SMFTF) clouding the picture while producing a "considerable valuation overhang." 5. WWE (WWE) downgraded to Neutral from Overweight at JPMorgan with analyst David Karnovsky saying he views the stock's current risk/reward as more balanced ahead of the company's media rights cycle. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/27/18
RHCO
04/27/18
NO CHANGE
Target $105
RHCO
Hold
PepsiCo price target lowered to $105 from $115 at SunTrust
SunTrust analyst William Chappell lowered his price target on PepsiCo to $105 after its in-line Q1 earnings and maintained FY18 and FY19 guidance, citing the company's acknowledgement of "challenged" North America Beverage business. Chappell also keeps his Hold rating on PepsiCo, adding that while the company does have plans to "fix the issues", the full impact of its initiatives may not be seen until Q3.
05/16/18
JEFF
05/16/18
NO CHANGE
Target $96
JEFF
Hold
Jefferies cuts PepsiCo target to $96 on 'troubling trends' in sports drinks
Jefferies analyst Kevin Grundy lowered his fiscal 2018 through fiscal 2020 estimates for PepsiCo by 2% after his firm's U.S. beverages survey reflected "troubling trends" in U.S. sports drinks. The survey showed declining penetration/frequency of sports drinks consumption as well as a "long runway" for Body Armor to gain share in the category, Grundy tells investors in a research note. The analyst does not see the recent pullback in PepsiCo shares as a buying opportunity and cut his target for the stock to $96 from $105. Grundy sees risk to the multiple despite recent pullback.
KO Coca-Cola
$42.18

-0.13 (-0.31%)

05/17/18
05/17/18
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. Coca-Cola (KO) upgraded to Overweight from Equal Weight at Barclays with analyst Lauren Lieberman saying the company's transformation should drive "sustainably better growth," which should yield a higher valuation premium. 2. Valero (VLO) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Benny Wong saying recent underinvestment in refining, slippages in capacity additions and overdone concerns on long-term demand have set the stage for refining to enter a "golden age" through 2020. 3. ManTech (MANT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Edward Caso citing valuation. 4. Celanese (CE) upgraded to Buy from Neutral at UBS with analyst John Roberts saying he believes the shares are undervalued and investors do not appreciate the stability and growth in the acetyls chain and the long-term potential in Engineered Materials. 5. Canadian National (CNI) upgraded to Buy from Underperform at BofA/Merrill with analyst Ken Hoexter saying service and volume growth rebounded faster than expected and will only be aided by an improving economy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/17/18
SBSH
05/17/18
NO CHANGE
SBSH
Buy
Coca-Cola pullback brings 'compelling' valuation, says Citi
The 9% year-to-date decline in shares of Coca-Cola creates a "compelling" valuation, Citi analyst Wendy Nicholson tells investors in a research note after traveling with the company's investor relations team. The analyst attributes the weakness partly to the overall selloff of consumer staples stocks, but also partly to investor concerns about a handful of factor, including Coca-Cola's ability to achieve its financial targets both in 2018 and over the longer-term. Nicholson says her confidence in the company is up and that the share slump is not justified. She reiterates a Buy rating on Coca-Cola.
05/17/18
LEHM
05/17/18
UPGRADE
Target $48
LEHM
Overweight
Coca-Cola upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Lauren Lieberman upgraded Coca-Cola to Overweight and raised her price target for the shares to $48 from $45. The company's transformation should drive "sustainably better growth," which should yield a higher valuation premium, Lieberman tells investors in a research note. The analyst believes Coca-Cola's "wide-ranging changes" will bring benefits to fundamentals.
04/17/18
04/17/18
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. Disney (DIS) upgraded to Hold from Sell at Pivotal Research with analyst Brian Wieser saying the company "has a lot of positive elements" heading into the back half of the year, including a strong film slate, the launch of new direct to consumer over-the-top services, and efforts in support of the close of the Fox (FOXA) transaction. 2. Coca-Cola (KO) upgraded to Neutral from Sell at Goldman Sachs with analyst Judy Hong saying she sees an improving organic sales growth outlook, "cleaner base" post-refranchising, and better visibility on its margin and earnings targets. 3. Merck (MRK) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger saying the Keytruda+chemo combination showed better than expected results in lung cancer, boosting the company's immuno-oncology lead against Bristol-Myers (BMY). 4. Newell Brands (NWL) upgraded to Outperform from Market Perform at Wells Fargo with analyst Bonnie Herzog saying the stock's setup is good looking forward, with greater potential upside than downside risk over the next 12 months. 5. Twitter (TWTR) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Brian Nowak citing recent advertiser conversations that have continued to be incrementally positive about Twitter's ad business. 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

NKE

Nike

$73.94

-0.785 (-1.05%)

07:37
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AYX

Alteryx

$38.63

-1.21 (-3.04%)

07:36
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ALBO

Albireo Pharma

$36.05

1.05 (3.00%)

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PG

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SRPT

Sarepta

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-4.12 (-2.68%)

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IBIO

iBio

$0.95

-0.12 (-11.22%)

07:33
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Syndicate
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CMG

Chipotle

$462.87

-2.66 (-0.57%)

07:33
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Chipotle will test new menu items, strategy, NY Times reports »

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ABBV

AbbVie

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LEA

Lear

$198.83

-2.565 (-1.27%)

07:32
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QCOM

Qualcomm

$58.76

-0.03 (-0.05%)

, NXPI

NXP Semiconductors

$112.55

-0.42 (-0.37%)

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NXP Semiconductors

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FOXA

21st Century Fox

$48.34

0.24 (0.50%)

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Transocean

$11.94

-0.575 (-4.60%)

07:30
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21st Century Fox

$48.34

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Transocean

$11.94

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CSX

CSX

$64.06

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Z

Zillow

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KMB

Kimberly-Clark

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WSC

Williams Scotsman

$12.10

-0.3 (-2.42%)

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Breaking Hot Stocks news story on Williams Scotsman »

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SENS

Senseonics

$4.96

0.1 (2.06%)

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CAKE

Cheesecake Factory

$59.87

2.13 (3.69%)

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Williams Scotsman

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SLNO

Soleno Therapeutics

$2.34

-0.02 (-0.85%)

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TTD

Trade Desk

$91.53

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HRTX

Heron Therapeutics

$40.00

9.3 (30.29%)

07:25
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KLAC

KLA-Tencor

$110.31

0.54 (0.49%)

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RHT

Red Hat

$165.62

-3.64 (-2.15%)

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CSCO

Cisco

$43.17

-0.58 (-1.33%)

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TNDM

TNDM

, DXCM

DexCom

$99.72

-0.88 (-0.87%)

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DXCM

DexCom

$99.72

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DRI

Darden

$107.07

13.8 (14.80%)

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VSLR

Vivint Solar

$5.00

-0.05 (-0.99%)

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ES

Eversource

$55.70

-0.1 (-0.18%)

, CTWS

Connecticut Water

$66.53

0.28 (0.42%)

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Eversource

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CTWS

Connecticut Water

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