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MO

Altria Group

$49.04

0.26 (0.53%)

07:45
01/09/19
01/09
07:45
01/09/19
07:45

Juul targeting adult smokers in first TV ad campaign, CNBC reports

Juul, the e-cigarette company that has drawn criticism over its products' popularity with teens, is launching its first television ad campaign targeting adult smokers, CNBC reports. Juul will initially spend almost $10M for TV slots airing on national cable channels after 10 p.m. local time, according to the report. The ads, a series of three different commercials, are aimed at adults 35 years and older, executives said. On December 20, Altria announced a $12.8B investment in Juul. Reference Link

  • 07

    Feb

  • 18

    Feb

MO Altria Group
$49.04

0.26 (0.53%)

12/21/18
12/21/18
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Sell from Hold at DZ Bank. 2. TrueCar (TRUE) downgraded to Neutral from Buy at BTIG with analyst Marvin Fong saying factors outside of the company's control have "increased the degree of difficulty" for 2019. 3. Altria Group (MO) downgraded to Sell from Neutral at Citi with analyst Adam Spielman saying Altria's $12.8B investment for a 35% stake in Juul "is destroying value" but admits it is impossible to be sure because Altria has not revealed any financial details, "despite the scale of the investment." 4. Greif (GEF) downgraded to Market Perform from Outperform at Wells Fargo and to Underperform from Market Perform at BMO Capital. 5. Teradyne (TER) downgraded to Neutral from Outperform at Baird with analyst Richard Eastman saying he sees a moderating sales/profit growth environment through calendar year 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/07/19
COWN
01/07/19
DOWNGRADE
COWN
Market Perform
Altria Group downgraded to Market Perform from Outperform at Cowen
01/07/19
COWN
01/07/19
DOWNGRADE
Target $53
COWN
Market Perform
Altria Group downgraded to Market Perform after Juul deal at Cowen
As reported previously, Cowen analyst Vivien Azer downgraded the Altria Group to Market Perform from Outperform. The analyst said the JUUL investment was probably the right move but said they are now incentivized to accelerate declines in the already deteriorating U.S. cigarette market. Azer lowered her price target to $53 from $74 on Altria Group shares.
01/08/19
PIPR
01/08/19
NO CHANGE
Target $64
PIPR
Overweight
Altria Group price target lowered to $64 from $75 at Piper Jaffray
Piper Jaffray analyst Michael Lavery lowered his price target for Altria Group to $64 but keeps an Overweight rating on the name. The analyst reduced his 2019 earnings per share estimate to $4.20 from $4.36 and 2020 estimate to $4.53 from $4.80 after modeling for Juul economics. He believes, however, that Altria can deliver 7% average earnings growth in 2019-2020, driven by pricing, cost savings, buybacks and equity income. Juul's better economics mitigate Altria's cannibalization impact and its incremental sales add new sources of profit, Lavery tells investors in a research note.

TODAY'S FREE FLY STORIES

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

17:58
02/21/19
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  • 21

    Feb

GABC

German American Bancorp

$31.59

(0.00%)

, CZFC

Citizens First

$23.30

1.87 (8.73%)

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German American, Citizens First announce merger pact »

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GABC

German American Bancorp

$31.59

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CZFC

Citizens First

$23.30

1.87 (8.73%)

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TSLA

Tesla

$291.18

-11.33 (-3.75%)

17:56
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Periodicals
Lucid Motors is 'working' on an all electric SUV, Verge says »

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CZR

Caesars

$9.42

-0.21 (-2.18%)

17:54
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Caesars sees FY19 same-store capex $375M-$450M »

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  • 21

    Feb

PBA

Pembina Pipeline

$36.44

-0.235 (-0.64%)

17:54
02/21/19
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17:54
Earnings
Pembina Pipeline reports Q4 EPS C$0.66 vs C$0.83 last year »

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  • 22

    Feb

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

17:53
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17:53
Hot Stocks
Kraft Heinz continues to fall, now down 16.5% to $40.25 »

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  • 21

    Feb

CZR

Caesars

$9.42

-0.21 (-2.18%)

17:52
02/21/19
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17:52
Hot Stocks
Caesars says in discussions with Carl Icahn after his disclosed stake »

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  • 21

    Feb

HRS

Harris

$164.55

-0.62 (-0.38%)

17:48
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Harris awarded $168.8M Navy contract modification »

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KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

17:45
02/21/19
02/21
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17:45
Hot Stocks
Kraft Heinz to cut quarterly dividend to 40c from 62.5c per share »

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  • 21

    Feb

HON

Honeywell

$152.60

-1.2 (-0.78%)

17:43
02/21/19
02/21
17:43
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17:43
Hot Stocks
Honeywell awarded not-to-exceed $150M Air Force contract for ATTAM Phase 1 »

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  • 29

    Apr

BA

Boeing

$417.48

-4.13 (-0.98%)

17:40
02/21/19
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Tapestry awarded not-to-exceed $259M Air Force contract for WPS »

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  • 11

    Mar

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    May

INFN

Infinera

$4.87

-0.02 (-0.41%)

17:39
02/21/19
02/21
17:39
02/21/19
17:39
Earnings
Infinera sees Q1 EPS (27c) plus/minus 2c, consensus (19c) »

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  • 21

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    Feb

CRON

Cronos Group

$22.45

0.22 (0.99%)

, MO

Altria Group

$50.38

-0.14 (-0.28%)

17:37
02/21/19
02/21
17:37
02/21/19
17:37
Hot Stocks
Cronos Group shareholders approve C$2.4B investment from Altria Group »

Cronos Group (CRON)…

CRON

Cronos Group

$22.45

0.22 (0.99%)

MO

Altria Group

$50.38

-0.14 (-0.28%)

03/08/13
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03/08/13
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03/06/13
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  • 21

    Feb

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    Feb

BAH

Booz Allen

$53.64

-0.105 (-0.20%)

, GD

General Dynamics

$171.66

-2.78 (-1.59%)

17:36
02/21/19
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Hot Stocks
Booz Allen, General Dynamics, Leidos and SAIC awarded DTRA contracts »

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BAH

Booz Allen

$53.64

-0.105 (-0.20%)

GD

General Dynamics

$171.66

-2.78 (-1.59%)

LDOS

Leidos

$62.87

1.175 (1.90%)

SAIC

SAIC

$75.73

-0.75 (-0.98%)

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  • 28

    May

INFN

Infinera

$4.87

-0.02 (-0.41%)

17:35
02/21/19
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Earnings
Infinera reports Q4 EPS (25c), consensus (27c) »

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  • 21

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    Feb

ECIFF

EDF

$0.00

(0.00%)

17:33
02/21/19
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17:33
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17:33
Downgrade
EDF rating change  »

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LEE

Lee Enterprises

$2.69

0.075 (2.87%)

17:32
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17:32
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Lee Enterprises' TownNews acquires CMS business from GTxcel »

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CENX

Century Aluminum

$9.30

0.12 (1.31%)

17:31
02/21/19
02/21
17:31
02/21/19
17:31
Earnings
Century Aluminum reports Q4 EPS (43c), consensus (53c) »

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  • 21

    Feb

EXEL

Exelixis

$21.22

(0.00%)

17:30
02/21/19
02/21
17:30
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17:30
Initiation
Exelixis initiated  »

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EPSN

Epsilon Energy

$0.00

(0.00%)

17:30
02/21/19
02/21
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17:30
Hot Stocks
Epsilon Energy sees 2019 production growth of 27%-33% y/y »

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SSRM

SSR Mining

$14.13

0.245 (1.76%)

17:29
02/21/19
02/21
17:29
02/21/19
17:29
Earnings
SSR Mining sees FY19 gold production 395,000 equivalent ounces »

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  • 22

    Feb

ENPH

Enphase Energy

$7.37

0.13 (1.80%)

17:29
02/21/19
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17:29
Hot Stocks
Park West Asset Management reports 5.4% passive stake in Enphase Energy »

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  • 26

    Feb

EPSN

Epsilon Energy

$0.00

(0.00%)

17:29
02/21/19
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17:29
Hot Stocks
Epsilon Energy board approves $20M-$25M capital budget for 2019 »

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SSRM

SSR Mining

$14.13

0.245 (1.76%)

17:28
02/21/19
02/21
17:28
02/21/19
17:28
Earnings
SSR Mining reports Q4 adjusted EPS 4c, two estimates 0c »

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  • 22

    Feb

BIIB

Biogen

$320.99

-14.02 (-4.18%)

17:28
02/21/19
02/21
17:28
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17:28
Initiation
Biogen initiated  »

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    Feb

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