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ABEV

Ambev

$4.20

-0.26 (-5.83%)

07:33
10/25/18
10/25
07:33
10/25/18
07:33

Ambev downgraded to Underperform from Neutral at BofA/Merrill

BofA/Merrill analyst Isabella Simonato downgraded AmBev to Underperform and cut tis price target to $4.30 from $5.40 citing "very weak" Q3 beer volumes in Brazil, mid-teens cost inflation in Brazil, and decelerating earnings growth.

ABEV Ambev
$4.20

-0.26 (-5.83%)

10/25/18
JPMS
10/25/18
DOWNGRADE
JPMS
Underweight
Ambev downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Lucas Ferreira downgraded Ambev to Underweight. The analyst sees a "challenging" growth outlook for the company following its "weaker" Q3 report.
10/02/18
10/02/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. GE UPGRADED AT RBC, WOLFE: RBC Capital analyst Deane Dray upgraded General Electric (GE) to Outperform from Sector Perform and raised his price target for the shares to $15 from $13. The analyst believes a floor has been put in the shares following news of Larry Culp being named Chairman and CEO. Additionally, GE was upgraded to Outperform from Peer Perform at Wolfe Research. DEUTSCHE SEES HEIGHTENED RISKS TO FACEBOOK ESTIMATES: After attending the first day of AdWeek, Deutsche Bank analyst Lloyd Walmsley sees heightened risk to the Q3, Q4 and 2019 consensus estimates for Facebook (FB). The analyst said he's starting to hear more cautious feedback and that Facebook seems on the defensive, particularly following last week's data breach disclosure. Walmsley, however, continues to view Facebook as attractively valued and kept a Buy rating on the shares with a $205 price target. JPMORGAN ADDS WEIGHT WATCHERS TO FOCUS LIST: JPMorgan analyst Christina Brathwaite added Weight Watchers (WTW) to her firm's America's Analyst Focus while keeping an Overweight rating on the shares with a $120 price target. The stock's 30% pullback from its peak on June 20 presents a "compelling entry point for investors who missed the stock's appreciation the first time around," Brathwaite said. Despite the post-earnings selloff, the analyst believes the Q2 print was actually indicative that Weight Watchers' growth story remains on track. Further, she believes the changes announced last week, including its new rewards program, as well as the company's Invite a Friend program, will help drive member recruitment and retention going forward. AMBEV DOUBLE DOWNGRADED BY UBS: UBS analyst Alan Alanis double downgraded Ambev (ABEV) to Sell from Buy and lowered his price target for the shares to R$17 from R$23. AmBev trades at a 25% higher valuation than parent company AB InBev (BUD), which is unwarranted, Alanis believes. He believes Ambev shares at current levels are more than pricing in the company's favorable outlook. Further, he expects consensus estimates to come down due to a tougher competitive environment, a "tepid" Brazilian economic recovery and currency headwinds. DEUTSCHE DOWNGRADES METAL STOCKS: Deutsche Bank analyst Jeremy Kliewer downgraded Century Aluminum to Hold from Buy and lowered his price target for the shares to $15 from $20, stating that Century's margins could remain pressured for longer due to alumina supply disruptions. Meanwhile, Deutsche's Chris Terry downgraded Reliance Steel (RS) to Hold from Buy and lowered his price target for the shares to $90 from $100, and downgraded U.S. Steel (X) to Hold from Buy and lowered his price target for the shares to $35 from $47. The analyst said his view on the steel sector is "moderating post peak pricing." Most positive data points and catalysts have now largely played out, Terry believes.
10/02/18
10/02/18
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. Goldman downgraded ConocoPhillips (COP) to Neutral following share outperformance with analyst Neil Mehta citing valuation. 2. U.S. Steel (X) and Reliance Steel (RS) were downgraded to Hold from Buy at Deutsche Bank. 3. Unilever (UN, UL) downgraded to Hold from Buy at Jefferies with analyst Martin Deboo saying the company is facing "choppier waters" and "higher expectations." 4. Ambev (ABEV) double downgraded to Sell from Buy at UBS with analyst Alan Alanis saying AmBev trades at a 25% higher valuation than parent company AB InBev (BUD), which is unwarranted. 5. Schlumberger (SLB) downgraded to Hold from Buy at Tudor Pickering. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/02/18
UBSW
10/02/18
DOWNGRADE
UBSW
Sell
Ambev downgraded to Sell from Buy at UBS
UBS analyst Alan Alanis double downgraded Ambev (ABEV) to Sell from Buy and lowered his price target for the shares to R$17 from R$23. AmBev trades at a 25% higher valuation than parent company AB InBev (BUD), which is unwarranted, Alanis tells investors in a research note. He believes Ambev shares at current levels are more than pricing in the company's favorable outlook. Further, he expects consensus estimates to come down due to a tougher competitive environment, a "tepid" Brazilian economic recovery and currency headwinds.

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FLWS

1-800-Flowers.com

$17.82

-0.18 (-1.00%)

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DVAX

Dynavax

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DFRG

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NPTN

NeoPhotonics

$3.88

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ZYME

Zymeworks

$17.65

0.02 (0.11%)

08:42
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Zymeworks to hold a conference call »

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SPLK

Splunk

$128.68

-7.12 (-5.24%)

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PDVW

pdvWireless

$44.25

1.25 (2.91%)

08:40
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08:40
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General news
FX Action: The dollar »

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U.S. durable goods orders fell 2.1% in April »

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U.S. equities are modestly firmer »

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BCRX

BioCryst

$3.54

0.09 (2.61%)

08:37
05/24/19
05/24
08:37
05/24/19
08:37
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BioCryst rating change  »

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PLUS

ePlus

$72.62

-13.88 (-16.05%)

08:36
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ePlus announces 500,000 share stock repurchase program »

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ASH

Ashland

$72.19

-0.435 (-0.60%)

08:35
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Ashland analyst commentary  »

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BLMN

Bloomin' Brands

$18.22

-1.98 (-9.80%)

08:33
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Bloomin' Brands rating change  »

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CETX

Cemtrex

$0.25

0.0158 (6.89%)

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Cemtrex announces six-for-one reverse stock split to regain NASDAQ compliance »

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:31
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Hibbett Sports appoints Anthony Crudele as independent chairman »

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BTU

Peabody Energy

$24.45

-0.855 (-3.38%)

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CNR

China Metro-Rural

$5.70

-0.2 (-3.39%)

, LK

Luckin Coffee

$15.88

0.88 (5.87%)

08:30
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Options
Five new option listings and four option delistings on May 24th »

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CNR

China Metro-Rural

$5.70

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LK

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ROAN

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$2.53

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EPE

EP Energy

$0.16

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FRSH

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NAVG

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$69.97

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NCS

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MMM

3M

$165.84

-2.46 (-1.46%)

08:28
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  • 29

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

08:27
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08:27
Hot Stocks
Hibbett Sports up 14.5% after Q1 results beat estimates, FY20 guidance raised »

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VALE

Vale

$11.78

0.03 (0.26%)

08:27
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Vale rating change  »

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INTU

Intuit

$241.30

-6.22 (-2.51%)

08:24
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Intuit analyst commentary  »

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GPN

Global Payments

$147.97

-2.64 (-1.75%)

, TSS

TSYS

$99.61

-1.62 (-1.60%)

08:22
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Recommendations
Global Payments, TSYS, ACI Worldwide, Bottomline Technologies, Jack Henry, USA Technologies, Q2 Holdings, Fiserv, First Data, FIS, Worldpay analyst commentary at Stephens »

Global Payments, TSYS…

GPN

Global Payments

$147.97

-2.64 (-1.75%)

TSS

TSYS

$99.61

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ACIW

ACI Worldwide

$31.61

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EPAY

Bottomline Technologies

$44.53

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JKHY

Jack Henry

$132.23

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USAT

USA Technologies

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QTWO

Q2 Holdings

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FISV

Fiserv

$87.23

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FDC

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FIS

FIS

$120.45

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WP

Worldpay

$121.97

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