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BTI

British American Tobacco

$43.61

-1.555 (-3.44%)

, PM

Philip Morris

$89.48

0.45 (0.51%)

06:15
11/09/18
11/09
06:15
11/09/18
06:15

FDA plans to sharply restrict sales of flavored e-cigarettes, WSJ reports

The Food and Drug Administration plans to sharply restrict the sale of most flavored pod-style e-cigarettes, effectively pulling them from most retail outlets as well as requiring strict age verification controls for online sales, the Wall Street Journal reports, citing senior FDA officials. The move, expected to be announced as early as next week, is in an effort to limit access to e-cigarettes most popular among children, whose use is rising, as many companies including market leader Juul Labs sell nicotine liquids with flavors like mango and cucumber. Publicly-traded companies in the space include British American Tobacco (BTI), Philip Morris (PM) and Altria Group (MO). Reference Link

BTI

British American Tobacco

$43.61

-1.555 (-3.44%)

PM

Philip Morris

$89.48

0.45 (0.51%)

MO

Altria Group

$65.37

0.01 (0.02%)

BTI British American Tobacco
$43.61

-1.555 (-3.44%)

10/18/18
DZBN
10/18/18
DOWNGRADE
DZBN
Sell
British American Tobacco downgraded to Sell from Hold at DZ Bank
10/16/18
BERN
10/16/18
INITIATION
BERN
Market Perform
British American Tobacco initiated with a Market Perform at Bernstein
10/12/18
GSCO
10/12/18
NO CHANGE
GSCO
Goldman says tobacco stock reactions to latest FDA news seems overdone
Goldman Sachs analyst Judy Hong noted that European and U.S. tobacco stocks are underperforming, which she attributes to an FDA educational presentation on the topic of a potential tobacco standard for the level of nicotine in combusted cigarettes as well the FDA sending letters to 21 e-vapor makers to assess whether their products are being marketed illegally. Given that the FDA has already announced a comprehensive tobacco regulatory plan and has solicited comments on the costs/benefits of lowering nicotine, she views the presentation as more of an informational review of existing research rather than anything incremental. The letters she views as consistent with recent direction that the FDA is taking on cracking down on the e-vapor category given the apparent increase in youth consumption, Hong added. In total, she sees today's stock reactions as broadly overdone and keeps Buy ratings on Philip Morris (PM) and British American Tobacco (BTI) and Neutral ratings on Altria (MO) and Imperial Brands (IMBBY).
09/20/18
WELS
09/20/18
NO CHANGE
WELS
Outperform
Tobacco stocks to rally on PM USA price increase, says Wells Fargo
Wells Fargo analyst Bonnie Herzog says Altria Group (MO) and Philip Morris (PM) just announced a "healthy and slightly higher than expected" wholesale list price increase on all of its cigarette brands, including Marlboro The analyst learned from industry contacts that PM USA took a cigarette list price increase of 10c per pack or $1.00 per carton on Marlboro, L&M, and B&H Menthol, 15c per pack on Parliament and Virginia Slims, and 50c per pack on everything else. The 10c per pack increase on Marlboro is slightly higher than the 9c per pack increase Altria took on Marlboro in March 2018, reflecting the company's "significant pricing power," Herzog tells investors in a research note. The analyst expects British American Tobacco (BTI), Reynolds and ITG Brands will follow Altria's lead and increase prices in the next few days, but possibly not as robust of an increase. She expects Tobacco stocks will react favorably to this list price increase and reiterates an Overweight rating on the sector and Outperform rating on Altria Group.Fargo
PM Philip Morris
$89.48

0.45 (0.51%)

09/27/18
PIPR
09/27/18
NO CHANGE
Target $99
PIPR
Overweight
Philip Morris medium-term targets likely beatable, says Piper Jaffray
Piper Jaffray analyst Michael Lavery says Philip Morris updated its 2018 guidance for currency and gave medium-term guidance, with a medium-term objective of 5% or better organic sales growth and 8% or better earnings growth. The analyst considers these targets "to be realistic and achievable, and likely even beatable." The company also announced implementation of zero-based budgeting, which is expected to drive $1B of annualized cost savings by 2021, Lavery tells investors in a research note. Further, Philip Morris revised guidance for currency to reflect a 12c hit and now expects earnings per share in a range of $4.97-$5.02, down from $5.02-$5.12, the analyst points out. Lavery keeps an Overweight rating on the shares with a $99 price target.
10/16/18
BERN
10/16/18
INITIATION
BERN
Outperform
Philip Morris initiated with an Outperform at Bernstein
Bernstein analyst Callum Elliott started Philip Morris with an Outperform rating, noting that tobacco stocks have been "fantastic" performers over the long-term, despite significant recent underperformance.
MO Altria Group
$65.37

0.01 (0.02%)

10/23/18
10/23/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. RH (RH) initiated with an Outperform at Wedbush. 2. Altria Group (MO) initiated with a Market Perform at Bernstein. 3. Gritstone Oncology (GRTS) initiated with an Outperform at Cowen, an Overweight at Barclays, and a Neutral at Goldman Sachs. 4. Caesars (CZR) initiated with an Overweight at Morgan Stanley. 5. Atlassian (TEAM) initiated with a Hold on valuation at Needham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/23/18
PIPR
10/23/18
NO CHANGE
Target $75
PIPR
Overweight
Altria can post attractive double-digit earnings growth, says Piper Jaffray
Piper Jaffray analyst Michael Lavery believes pricing, tax savings and the management of spending can drive Altria Group's earnings growth to double-digits over the next three years, above the company's long-term 7%-9% growth target. The analyst considers this growth attractive, "especially with its 5.5% dividend yield." Lavery trimmed his Q3 cigarette volume decline estimate to down 5.5% and 2018 earnings per estimate to $3.95 from $3.97 to align with retail trends. He keeps an Overweight rating on Altria Group with a $75 price target.
10/23/18
BERN
10/23/18
INITIATION
BERN
Market Perform
Altria Group initiated with a Market Perform at Bernstein
10/16/18
MSCO
10/16/18
NO CHANGE
Target $63
MSCO
Equal Weight
Morgan Stanley sees potential for 5%-8% move in Altria on FDA E-cig PMTA call
Morgan Stanley analyst Pamela Kaufman keeps her Equal Weight rating and $63 price target on Altria Group but assigns a base case 70% chance to the possibility of the FDA moving up its E-cig PMTA deadline from 2022 to 2019 and starts a process to ban online sales. In this event, the analyst sees potential for the stock price to rise 5%-8%. The analyst also assigns a 25% chance than the FDA will maintain the deadline, in which case she sees shares moving down by 5%-8%.

TODAY'S FREE FLY STORIES

ELGX

Endologix

$0.52

-0.0223 (-4.09%)

21:09
02/21/19
02/21
21:09
02/21/19
21:09
Conference/Events
Endologix to host special shareholder meeting »

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XEC

Cimarex Energy

$73.33

-3.05 (-3.99%)

, REN

Resolute Energy

$31.52

-0.98 (-3.02%)

21:05
02/21/19
02/21
21:05
02/21/19
21:05
Conference/Events
Resolute Energy to host special shareholder meeting »

Special Shareholder…

XEC

Cimarex Energy

$73.33

-3.05 (-3.99%)

REN

Resolute Energy

$31.52

-0.98 (-3.02%)

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HRNNF

Hydro One

$0.00

(0.00%)

20:34
02/21/19
02/21
20:34
02/21/19
20:34
Downgrade
Hydro One rating change at National Bank »

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ES

Eversource

$70.50

0.23 (0.33%)

20:26
02/21/19
02/21
20:26
02/21/19
20:26
Downgrade
Eversource rating change at Guggenheim »

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    Mar

RUTH

Ruth's Hospitality

$25.01

0.35 (1.42%)

, W

Wayfair

$117.14

-0.87 (-0.74%)

20:25
02/21/19
02/21
20:25
02/21/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

RUTH

Ruth's Hospitality

$25.01

0.35 (1.42%)

W

Wayfair

$117.14

-0.87 (-0.74%)

AN

AutoNation

$38.37

-0.76 (-1.94%)

B

Barnes Group

$61.27

-0.01 (-0.02%)

COG

Cabot Oil & Gas

$24.54

-0.41 (-1.64%)

03/08/13
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    Mar

DLR

Digital Realty

$116.42

-2.07 (-1.75%)

20:10
02/21/19
02/21
20:10
02/21/19
20:10
Hot Stocks
Digital Realty raises quarterly dividend to $1.08 per share from $1.01 »

The dividend will be paid…

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ARDM

Aradigm

$0.00

(0.00%)

20:08
02/21/19
02/21
20:08
02/21/19
20:08
Hot Stocks
Aradigm receives FDA minutes for Type B meeting »

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SUN

Sunoco

$29.49

-0.37 (-1.24%)

20:03
02/21/19
02/21
20:03
02/21/19
20:03
Recommendations
Sunoco analyst commentary at MUFG »

Sunoco price target…

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  • 21

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IMDZ

Immune Design

$5.83

4.405 (309.12%)

19:41
02/21/19
02/21
19:41
02/21/19
19:41
Downgrade
Immune Design rating change at RBC Capital »

Immune Design downgraded…

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VIPS

Vipshop

$6.30

-1 (-13.70%)

19:40
02/21/19
02/21
19:40
02/21/19
19:40
Downgrade
Vipshop rating change at Macquarie »

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  • 21

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ADBE

Adobe

$257.67

-0.46 (-0.18%)

19:39
02/21/19
02/21
19:39
02/21/19
19:39
Downgrade
Adobe rating change at DZ Bank »

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  • 14

    Mar

KL

Kirkland Lake Gold

$36.03

2.6 (7.78%)

19:37
02/21/19
02/21
19:37
02/21/19
19:37
Earnings
Kirkland Lake Gold reports Q4 EPS 52c vs. 31c last year »

Reports Q4 revenue…

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MTN

Vail Resorts

$207.48

-3.69 (-1.75%)

19:34
02/21/19
02/21
19:34
02/21/19
19:34
Hot Stocks
Vail Resorts to buy Falls Creek and Hotham ski resorts in Australia for AUD174M »

Vail Resorts announced…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$277.43

-0.99 (-0.36%)

19:23
02/21/19
02/21
19:23
02/21/19
19:23
Periodicals
U.S, China resume trade negotiations to hash out structural issues, Reuters says »

Top U.S. and Chinese…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$277.43

-0.99 (-0.36%)

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GLD

SPDR Gold Shares

$125.06

-1.41 (-1.11%)

19:10
02/21/19
02/21
19:10
02/21/19
19:10
Hot Stocks
SPDR Gold Shares holdings fall to 789.51MT from 794.50MT »

This is the lowest level…

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XOG

Extraction Oil & Gas

$3.81

-0.1 (-2.56%)

, BOOM

DMC Global

$35.37

0.04 (0.11%)

19:05
02/21/19
02/21
19:05
02/21/19
19:05
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: …

XOG

Extraction Oil & Gas

$3.81

-0.1 (-2.56%)

BOOM

DMC Global

$35.37

0.04 (0.11%)

TTD

Trade Desk

$150.18

0.07 (0.05%)

CATM

Cardtronics

$26.06

-0.98 (-3.62%)

Z

Zillow

$35.03

0.22 (0.63%)

OLED

Universal Display

$118.31

-0.57 (-0.48%)

BYD

Boyd Gaming

$28.28

-0.11 (-0.39%)

FIX

Comfort Systems USA

$51.96

0.32 (0.62%)

CYTK

Cytokinetics

$7.20

-0.14 (-1.91%)

ROKU

Roku

$51.47

-2.16 (-4.03%)

TXMD

TherapeuticsMD

$5.10

-0.36 (-6.59%)

BIDU

Baidu

$171.72

0.64 (0.37%)

CWST

Casella Waste

$33.55

-1.47 (-4.20%)

KEYS

Keysight Technologies

$81.74

0.67 (0.83%)

DAIO

Data I/O

$5.94

-0.04 (-0.67%)

HPE

HP Enterprise

$16.22

0.16 (1.00%)

STMP

Stamps.com

$198.08

-4.03 (-1.99%)

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

ASPN

Aspen Aerogels

$3.60

0.03 (0.84%)

DBX

Dropbox

$25.58

0.1 (0.39%)

MDRX

Allscripts

$11.93

-0.21 (-1.73%)

AAOI

Applied Optoelectronics

$14.62

(0.00%)

CASA

Casa Systems

$11.96

-0.02 (-0.17%)

UCTT

Ultra Clean

$12.59

-0.26 (-2.02%)

BJRI

BJ's Restaurants

$51.97

0.75 (1.46%)

BMRN

BioMarin

$88.80

-1.82 (-2.01%)

TGH

Textainer

$13.05

-0.06 (-0.46%)

APPN

Appian

$38.73

0.41 (1.07%)

INFN

Infinera

$4.87

-0.02 (-0.41%)

NVRO

Nevro

$47.27

-1.12 (-2.31%)

FSLR

First Solar

$51.91

0.23 (0.45%)

CENX

Century Aluminum

$9.30

0.12 (1.31%)

UEIC

Universal Electronics

$29.34

0.36 (1.24%)

RMAX

RE/MAX Holdings

$40.34

-0.2 (-0.49%)

STAA

STAAR Surgical

$36.86

0.17 (0.46%)

SLRC

Solar Capital

$21.27

0.34 (1.62%)

IQ

iQIYI

$22.76

0.17 (0.75%)

EHTH

eHealth

$65.58

-0.28 (-0.43%)

PE

Parsley Energy

$17.93

-0.595 (-3.21%)

EXAS

Exact Sciences

$83.30

-0.3 (-0.36%)

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    May

GM

General Motors

$39.63

-0.33 (-0.83%)

18:54
02/21/19
02/21
18:54
02/21/19
18:54
Periodicals
GM CEO will not appear in front of Canada lawmakers over closure, Reuters says »

General Motors CEO Mary…

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  • 27

    Mar

CXO

Concho Resources

$103.69

-8.68 (-7.72%)

18:37
02/21/19
02/21
18:37
02/21/19
18:37
Recommendations
Concho Resources analyst commentary at MUFG »

Concho Resources price…

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  • 22

    May

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KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

18:37
02/21/19
02/21
18:37
02/21/19
18:37
Hot Stocks
Kraft Heinz confirms quarterly dividend cut to 40c from 62.5c per share »

The Board of Directors of…

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  • 21

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KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

18:32
02/21/19
02/21
18:32
02/21/19
18:32
Hot Stocks
Kraft Heinz says has taken 'remedial measures' on procurement issues »

Says write down reflected…

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  • 21

    Feb

CZR

Caesars

$9.42

-0.21 (-2.18%)

18:25
02/21/19
02/21
18:25
02/21/19
18:25
Hot Stocks
Breaking Hot Stocks news story on Caesars »

Caesars: Las Vegas FY19…

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  • 21

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RARE

Ultragenyx

$58.16

-2.33 (-3.85%)

18:20
02/21/19
02/21
18:20
02/21/19
18:20
Initiation
Ultragenyx initiated at Raymond James »

Ultragenyx resumed with…

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NSRGY

Nestle

$0.00

(0.00%)

, CPB

Campbell Soup

$35.44

0.26 (0.74%)

18:13
02/21/19
02/21
18:13
02/21/19
18:13
Periodicals
Third Point says confident in Nestle CEO's leadership, Reuters reports »

Third Point told…

NSRGY

Nestle

$0.00

(0.00%)

CPB

Campbell Soup

$35.44

0.26 (0.74%)

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STMP

Stamps.com

$198.08

-4.03 (-1.99%)

18:11
02/21/19
02/21
18:11
02/21/19
18:11
Hot Stocks
Breaking Hot Stocks news story on Stamps.com »

Stamps.com drops 50%…

03/08/13
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STMP

Stamps.com

$198.08

-4.03 (-1.99%)

18:09
02/21/19
02/21
18:09
02/21/19
18:09
Hot Stocks
Stamps.com to discontinue partnership with USPS »

On its Q4 earnings…

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