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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%.

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THS

TreeHouse

$51.92

0.72 (1.41%)

, CAG

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AMGN

Amgen

$194.23

1.83 (0.95%)

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AAPL

Apple

$193.42

2 (1.04%)

, LITE

Lumentum

$41.50

0.46 (1.12%)

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AAPL

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$66.32

1.18 (1.81%)

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APC

Anadarko

$56.39

0.9 (1.62%)

, RDS.B

Royal Dutch Shell

$63.97

0.19 (0.30%)

12:41
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APC

Anadarko

$56.39

0.9 (1.62%)

RDS.B

Royal Dutch Shell

$63.97

0.19 (0.30%)

RDS.A

Royal Dutch Shell

$62.02

0.34 (0.55%)

XOM

Exxon Mobil

$78.99

0.81 (1.04%)

CVX

Chevron

$119.14

2.18 (1.86%)

BP

BP

$40.85

-0.3 (-0.73%)

EOG

EOG Resources

$105.21

3.57 (3.51%)

OXY

Occidental Petroleum

$73.32

0.71 (0.98%)

COG

Cabot Oil & Gas

$25.73

0.09 (0.35%)

EQT

EQT Corporation

$16.62

-0.55 (-3.20%)

HAL

Halliburton

$32.46

0.02 (0.06%)

SLB

Schlumberger

$48.24

0.17 (0.35%)

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LB

L Brands

$35.28

-0.41 (-1.15%)

, JCP

J.C. Penney

$1.29

-0.08 (-5.84%)

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Kohl's, Target set to thrive this holiday season, Barron's says »

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LB

L Brands

$35.28

-0.41 (-1.15%)

JCP

J.C. Penney

$1.29

-0.08 (-5.84%)

TJX

TJX

$51.47

-0.98 (-1.87%)

BBY

Best Buy

$66.41

-1.34 (-1.98%)

TIF

Tiffany

$106.48

0.52 (0.49%)

HD

Home Depot

$177.11

-0.25 (-0.14%)

TGT

Target

$79.67

-1.09 (-1.35%)

KSS

Kohl's

$72.48

-0.7 (-0.96%)

AMZN

Amazon.com

$1,593.59

-26.41 (-1.63%)

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T

AT&T

$30.30

0.18 (0.60%)

, FOX

21st Century Fox

$47.73

-0.1 (-0.21%)

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T

AT&T

$30.30

0.18 (0.60%)

FOX

21st Century Fox

$47.73

-0.1 (-0.21%)

FOXA

21st Century Fox

$48.18

-0.11 (-0.23%)

AMZN

Amazon.com

$1,593.59

-26.41 (-1.63%)

CMCSA

Comcast

$38.60

0.11 (0.29%)

CMCSK

Comcast

$0.00

(0.00%)

DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$16.46

-0.12 (-0.72%)

F

Ford

$9.05

-0.26 (-2.79%)

GM

General Motors

$35.76

0.21 (0.59%)

HMC

Honda

$28.21

0.01 (0.04%)

NSANY

Nissan

$0.00

(0.00%)

TM

Toyota

$116.87

-0.02 (-0.02%)

VLKAY

Volkswagen

$0.00

(0.00%)

NYT

New York Times

$26.30

-0.2 (-0.75%)

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    Oct

NVS

Novartis

$87.74

0.52 (0.60%)

, DBVT

DBV Technologies

$16.70

0.31 (1.89%)

04:55
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04:55
Conference/Events
American College of Allergy, Asthma & Immunology to hold a meeting »

2018 ACAAI Meeting will…

NVS

Novartis

$87.74

0.52 (0.60%)

DBVT

DBV Technologies

$16.70

0.31 (1.89%)

REGN

Regeneron

$345.10

3.56 (1.04%)

SHPG

Shire

$175.59

-3.39 (-1.89%)

TEVA

Teva

$22.25

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SNY

Sanofi

$45.11

0.56 (1.26%)

GSK

GlaxoSmithKline

$40.35

-0.06 (-0.15%)

AZN

AstraZeneca

$40.67

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CHD

Church & Dwight

$65.42

-0.39 (-0.59%)

BSX

Boston Scientific

$37.22

0.75 (2.06%)

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MSI

Motorola Solutions

$129.97

0.72 (0.56%)

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PCG

PG&E

$24.39

6.62 (37.25%)

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ABX

Barrick Gold

$13.04

0.05 (0.38%)

18:00
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Barrick Gold looking to add more copper, bullion assets, Reuters reports »

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WTR

Aqua America

$33.05

0.165 (0.50%)

17:57
11/16/18
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Hot Stocks
Aqua America CEO acquires over 25,000 common shares »

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XLRE

Real Estate SPDR

$33.45

0.445 (1.35%)

, XLB

S&P Select Materials SPDR

$55.23

0.53 (0.97%)

17:39
11/16/18
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General news
Week ending ETF scorecard: Real Estate leads, Consumer Discretionary slumps »

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XLRE

Real Estate SPDR

$33.45

0.445 (1.35%)

XLB

S&P Select Materials SPDR

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XLU

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0.77 (1.42%)

XLI

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$72.00

(0.00%)

XLV

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$92.05

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XLF

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$26.78

0.03 (0.11%)

XLP

Consumer Staples Sector SPDR

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XLE

Energy Select Sector SPDR

$67.23

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XLC

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$44.88

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XLK

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$68.22

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XLY

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$106.37

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GLD

SPDR Gold Shares

$115.56

0.82 (0.71%)

SLV

iShares Silver Trust

$13.55

0.115 (0.86%)

USO

United States Oil Fund

$12.07

0.08 (0.67%)

UNG

United States Natural Gas Fund

$35.43

3.63 (11.42%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$83.24

-0.27 (-0.32%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$111.73

0.23 (0.21%)

TLT

iShares 20+ Year Treasury Bond Fund

$114.65

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IEF

iShares 7-10 Year Treasury Bond ETF

$101.13

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SHY

iShares 1-3 Year Treasury Bond

$83.13

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AQST

Aquestive Therapeutics

$17.02

0.23 (1.37%)

17:36
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Aquestive receives CRL from FDA for tadalafil oral film »

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    Jan

DAKT

Daktronics

$7.67

0.07 (0.92%)

17:35
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Daktronics adopts new shareholder rights agreement »

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TI

Telecom Italia

$6.02

0.12 (2.03%)

17:33
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MAXR

Maxar Technologies

$18.77

-0.59 (-3.05%)

17:30
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Maxar Technologies shareholders approve U.S. domestication »

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PLUG

Plug Power

$1.83

(0.00%)

17:28
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17:28
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Breaking Syndicate news story on Plug Power »

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GSB

GlobalSCAPE

$4.55

-0.02 (-0.44%)

17:22
11/16/18
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17:22
Syndicate
Breaking Syndicate news story on GlobalSCAPE »

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EQIX

Equinix

$388.18

2.67 (0.69%)

17:19
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11/16
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17:19
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Equinix's Lee sells 2,792 common shares »

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LMT

Lockheed Martin

$301.06

-4.42 (-1.45%)

17:17
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17:17
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Lockheed Martin awarded $282.09M Naval Sea Systems Command contract »

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TLGT

Teligent

$2.56

0.045 (1.79%)

17:16
11/16/18
11/16
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17:16
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Teligent receives notification of deficiency from Nasdaq »

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STAF

Staffing 360 Solutions

$1.82

0.07 (4.00%)

17:16
11/16/18
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17:16
Syndicate
Breaking Syndicate news story on Staffing 360 Solutions »

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    Nov

IMMR

Immersion

$9.56

-0.14 (-1.44%)

17:12
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11/16
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17:12
Hot Stocks
Breaking Hot Stocks news story on Immersion »

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ATNX

Athenex

$11.95

0.74 (6.60%)

17:10
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11/16
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Hot Stocks
Breaking Hot Stocks news story on Athenex »

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    Dec

TSRO

Tesaro

$34.96

8.39 (31.58%)

17:08
11/16/18
11/16
17:08
11/16/18
17:08
Recommendations
Tesaro analyst commentary at Piper Jaffray »

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  • 03

    Dec

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