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CAG

Conagra Brands

$35.19

-0.06 (-0.17%)

06:28
11/14/18
11/14
06:28
11/14/18
06:28

Conagra Brands downgraded to Underperform from Market Perform at Bernstein

CAG Conagra Brands
$35.19

-0.06 (-0.17%)

10/31/18
FBCO
10/31/18
INITIATION
Target $40
FBCO
Neutral
Conagra Brands reinstated with a Neutral at Credit Suisse
Credit Suisse analyst Robert Moskow reinstated coverage of Conagra Brands (CAG) with a Neutral rating and $40 target price. The Conagra-Pinnacle (PF) merger makes sense, but Pinnacle's declining sales trends raise concern, he contends. While he believes both companies have executed well on this approach over the years, his concern is that Pinnacle's recent sales declines will force Conagra management to lower expectations as it integrates the business.
10/23/18
GSCO
10/23/18
INITIATION
Target $42
GSCO
Buy
Conagra Brands resumed with a Buy at Goldman Sachs
Goldman Sachs resumed Conagra Brands with a Buy rating and a price target of $42.
10/16/18
10/16/18
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. NEEDHAM SAYS BUY TAPESTRY: Needham analyst Rick Patel upgraded Tapestry to Buy from Hold and kept his $50 price target. The analyst notes that after a 14% selloff in the stock price driven by tariff-related concerns and the slowdown of Asia sales at LVMH, the risk-reward is favorable. Patel estimates that the hit to EPS from the impact of the handbag tariff should be "relatively modest" at about 1%. The analyst further notes that Tapestry has "ample white space" for long term growth in China through new distribution, while its North America sales indicate "well-controlled promotions" for Coach and Kate Spade. ANALYSTS SAY BUY FACEBOOK IN NEW INITIATIONS: Loop Capital analyst Alan Gould initiated Facebook with a Buy rating and a price target of $210, saying the stock is valued "quite attractively" after a "strong year financially and a challenging year operationally". The analyst also notes that the company's guidance is likely "conservative" given the company's propensity to beat consensus estimates. Meanwhile, Rosenblatt analyst Mark Zgutowicz started Facebook with a Buy rating in a note partially entitled "Facebook: Value, Not Trap." Given the stock's current valuation, there appears to be little confidence consensus expectations will be met and he is "in that camp," forecasting calendar 2019 EPS that is about 8% below consensus, Zgutowicz tells investors. However, with that said, he sees the anticipated EPS shortfall as priced in the shares and would be a buyer of the stock in front of the Q3 report, stating that he sees a bottoming for News Feed fatigue and enough light ahead with new product innovation and Instagram and Watch optionality. Zgutowicz set a $213 price target on Facebook shares. TILRAY TARGET SET AT $200 AS CANADA GETS READY TO LEGALIZE: Benchmark analyst Mike Hickey initiated coverage of Tilray with a Buy rating and $200 price target, citing its early leadership in the medical cannabis market in Canada and the upcoming legalization of recreational cannabis, which begins in the North American nation tomorrow. He believes the company's strategic alliance with Novartis (NVS) and supply agreements with Canadian pharmacies that give Tilray a competitive edge in the Canadian medical cannabis market, Hickey tells investors. He also believes the potential international opportunity is "enormous," estimating that the global cannabis market opportunity could exceed $200B over the long-term. JEFFERIES SEES NO COMPETING BIDS FOR PINNACLE: Jefferies analyst Akshay Jagdale downgraded Pinnacle Foods (PF) to Hold from Buy and lowered his price target for the shares to $68 from $72. The analyst assumes Conagra Brands' (CAG) bid to buy the company for $68 will go through without any competing bids. The stock should trade in line with its $68 transaction price until completion of the deal, Jagdale tells investors. GOLDMAN PREDICTS AVIS, HERTZ OUTLOOKS WILL DISAPPOINT: Goldman Sachs analyst David Tamberrino nudged the price target on Avis Budget (CAR) lower to $30 from $31 while keeping the price target on Hertz at $13 as part of his broader research note previewing Q3 results for the two Sell-rated U.S. car rental names. The analyst notes that Hertz (HTZ) may top Q3 consensus earnings and Avis Budget could miss based on his analysis of their respective pricing trends and residual values, but both have an added risk from reduced airport volume growth amid tightening competition among the ride hailing operators like Uber and Lyft. Tamberrino expects the car rental industry to remain challenged overall, noting that positive pricing will not be sustained, residual values will be pressured as more cars come off lease, and rising interest rates exert pressure on their balance sheets' high debt levels.
10/16/18
JEFF
10/16/18
DOWNGRADE
Target $68
JEFF
Hold
Jefferies sees no competing bids for Pinnacle Foods, downgrades to Hold
Jefferies analyst Akshay Jagdale downgraded Pinnacle Foods (PF) to Hold from Buy and lowered his price target for the shares to $68 from $72. The analyst assumes Conagra Brands' (CAG) bid to buy the company for $68 will go through without any competing bids. The stock should trade in line with its $68 transaction price until completion of the deal, Jagdale tells investors in a research note.

TODAY'S FREE FLY STORIES

JMIA

Jumia Technologies

$12.43

-2.26 (-15.38%)

13:47
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Aflac

$49.66

-2.2 (-4.24%)

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AMZN

Amazon.com

$1,823.96

21.88 (1.21%)

, WMT

Walmart

$112.15

0.03 (0.03%)

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Walmart

$112.15

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CBL

CBL & Associates

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0.022 (2.62%)

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13:25
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NASDAQ Market Internals

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GOOG

Alphabet

$1,195.07

11.64 (0.98%)

, GOOGL

Alphabet Class A

$1,196.08

11.82 (1.00%)

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$NYE

NYSE Market Internals

$0.00

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BHC

Bausch Health

$22.31

1.05 (4.94%)

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Bausch Health trades up after VP Humphries buys over $650K in shares »

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FB

Facebook

$185.03

1.27 (0.69%)

, TWTR

Twitter

$42.65

0.355 (0.84%)

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1.27 (0.69%)

TWTR

Twitter

$42.65

0.355 (0.84%)

PINS

Pinterest

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2.05 (5.97%)

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ALXN

Alexion

$113.91

2.49 (2.23%)

13:05
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VIOT

Viomi Technology

$9.00

-0.27 (-2.91%)

12:57
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  • 21

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MAS

Masco

$40.58

0.95 (2.40%)

, GWW

Grainger

$276.25

4.29 (1.58%)

12:57
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Periodicals
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MAS

Masco

$40.58

0.95 (2.40%)

GWW

Grainger

$276.25

4.29 (1.58%)

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PFPT

Proofpoint

$117.13

5.14 (4.59%)

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BLK

BlackRock

$420.88

2.92 (0.70%)

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GS

Goldman Sachs

$200.90

0.98 (0.49%)

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Periodicals
Goldman Sachs studying sale of Safe-Guard Products unit, Reuters reports »

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  • 15

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JNJ

Johnson & Johnson

$131.60

1.03 (0.79%)

, LLY

Eli Lilly

$111.90

0.94 (0.85%)

12:26
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Periodicals
HHS appeals ruling over pharma prices in TV ads, STAT News reports »

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JNJ

Johnson & Johnson

$131.60

1.03 (0.79%)

LLY

Eli Lilly

$111.90

0.94 (0.85%)

MRK

Merck

$87.16

1.5 (1.75%)

PFE

Pfizer

$35.04

0.42 (1.21%)

SNY

Sanofi

$43.35

0.76 (1.78%)

AZN

AstraZeneca

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GSK

GlaxoSmithKline

$40.85

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NVS

Novartis

$90.50

1.43 (1.61%)

RHHBY

Roche

$0.00

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BMY

Bristol-Myers

$47.65

0.02 (0.04%)

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NVRO

Nevro

$84.55

1.57 (1.89%)

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VG

Vonage

$13.53

0.185 (1.39%)

, FIVN

Five9

$64.11

1.63 (2.61%)

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Conference/Events
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VG

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FIVN

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TWLO

Twilio

$132.21

5.32 (4.19%)

WORK

Slack Technologies

$31.07

0.575 (1.89%)

AMZN

Amazon.com

$1,824.00

21.92 (1.22%)

MSFT

Microsoft

$138.82

1.57 (1.14%)

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AAPL

Apple

$213.25

2.9 (1.38%)

, FB

Facebook

$185.05

1.29 (0.70%)

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AAPL

Apple

$213.25

2.9 (1.38%)

FB

Facebook

$185.05

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AMZN

Amazon.com

$1,824.53

22.45 (1.25%)

GOOGL

Alphabet Class A

$1,195.80

11.54 (0.97%)

GOOG

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$1,195.03

11.6 (0.98%)

TWTR

Twitter

$42.78

0.485 (1.15%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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08/21
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12:17
Technical Analysis
NASDAQ market internals summary »

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03/08/13
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IGLD

Internet Gold

$24.80

-0.75 (-2.94%)

12:16
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Internet Gold announces receipt of Nasdaq non-compliance notice »

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GE

General Electric

$8.32

-0.07 (-0.83%)

12:16
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