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CGC

Canopy Growth

$39.47

1.95 (5.20%)

11:10
01/11/19
01/11
11:10
01/11/19
11:10

Canopy Growth calls lead puts 2:1 as shares gain another 5%

Canopy Growth calls lead puts 2:1 as shares gain another 5%. The stock up $1.90 to $39.45 on surging volume of 8.5M shares amid broader strength in cannabis names and 40-strike calls are most active in the name: 2.2K Jan 40 and 1.6K Feb 40 calls changed hands. Jan 11th 39 calls, Feb 35 puts, and Jan 45 calls are next most active. A total of 26K calls and 13K puts trade so far. 30-day implied volatility up 12.5% to 84.5, with earnings expected around 2/13. Bullish flow comes after notable gains in shares this week - the stock up nearly 40% since last Friday.

  • 18

    Feb

CGC Canopy Growth
$39.47

1.95 (5.20%)

01/10/19
GSCO
01/10/19
UPGRADE
Target $211
GSCO
Buy
Constellation Brands upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Judy Hong upgraded Constellation Brands (STZ) to Buy while lowering her price target for the shares to $211 from $243. The stock closed yesterday down 12.5%, or $21.57, to $150.94 post the company's Q3 earnings report. Constellation is down over 30% in the past 12 months, mostly driven by multiple contraction, Hong tells investors in a research note. The analyst reduced her estimates to reflect a "softer outlook" but sees a "compelling" risk/reward at current share levels. Her model yields a $195 per share value for the core business excluding Canopy Growth (CGC) and a consolidated price target of $211, pointing to 40% upside. Beer sales growth should remain healthy and beer margins should improve in fiscal 2020 as cost headwinds are lapped, Hong contends. Further, she believes Constellation shares could outperform even if investors assign zero value to its investment in Canopy.
01/10/19
RHCO
01/10/19
NO CHANGE
Target $165
RHCO
Hold
Constellation Brands price target lowered to $165 from $180 at SunTrust
SunTrust analyst William Chappell lowered his price target on Constellation Brands (STZ) to $165 and kept his Hold rating on the stock. The analyst cites the company's reported expectations of declining wine and spirits sales, adding that the latest $4B investment in Canopy Growth (CGC) will be the "cloud" hanging over the stock for the next few quarters because of the uncertainty related to its potential growth.
01/10/19
WELS
01/10/19
NO CHANGE
Target $235
WELS
Market Perform
Constellation Brands price target lowered to $235 from $260 at Wells Fargo
Wells Fargo analyst Bonnie Herzog lowered her price target for Constellation Brands (STZ) to $235 from $260 following "disappointing' Q3 results and FY19 guide down. The continues to view the stock as best-in-class with huge potential upside from its cannabis investment and therefore believes the sharp selloff in the shares is "way overdone!" However, Constellation Brands' miss on beer depletions, guide down on FY19 beer OI margin, pressure on its wine biz and lack of visibility on the impact of its Canopy Growth (CGC) investment on earnings will likely "keep the bears growling near-term." Herzog reiterates an Outperform rating on Constellation Brands' shares.
01/10/19
JEFF
01/10/19
NO CHANGE
Target $258
JEFF
Buy
Constellation risk/reward remains favorable after selloff, says Jefferies
Jefferies analyst Kevin Grundy lowered his estimates for Constellation Brands following yesterday's fiscal 2019 guidance reduction but he believes the stock's risk/reward remains favorable. The analyst lowered his price target for the shares to $258 from $269 and keeps a Buy rating on Constellation. The company's beer business remains healthy and its investment in Canopy Growth (CGC) is now a free call option, Grundy tells investors in a research note.

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RVNC

Revance

$18.11

-2.11 (-10.44%)

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MRTX

Mirati Therapeutics

$62.51

-2.33 (-3.59%)

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  • 17

    Jan

BREW

Craft Brew

$15.50

0.19 (1.24%)

20:45
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ROX

Castle Brands

$0.91

0.0122 (1.36%)

20:41
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PRT

PermRock Royalty Trust

$9.61

-0.39 (-3.90%)

20:39
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GBCI

Glacier Bancorp

$42.87

1.36 (3.28%)

20:38
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    Feb

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ERJ

Embraer

$22.81

-0.59 (-2.52%)

20:34
01/16/19
01/16
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20:34
Downgrade
Embraer rating change at Morgan Stanley »

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AICAF

Air China

$0.00

(0.00%)

20:32
01/16/19
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Air China rating change at HSBC »

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CEA

China Eastern Airlines

$28.64

-0.09 (-0.31%)

20:26
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China Eastern Airlines rating change at HSBC »

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MS

Morgan Stanley

$44.48

1.59 (3.71%)

, BBT

BB&T

$47.55

1.2 (2.59%)

20:25
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MS

Morgan Stanley

$44.48

1.59 (3.71%)

BBT

BB&T

$47.55

1.2 (2.59%)

PPG

PPG

$102.58

1.58 (1.56%)

MTB

M&T Bank

$154.45

3.04 (2.01%)

KEY

KeyCorp

$16.75

0.44 (2.70%)

FAST

Fastenal

$54.11

-0.47 (-0.86%)

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  • 17

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    May

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    Oct

FDC

First Data

$21.27

3.72 (21.20%)

20:07
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First Data rating change at Goldman Sachs »

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  • 03

    Mar

VEON

Veon

$2.56

-0.03 (-1.16%)

19:44
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Veon rating change at VTB Capital »

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AMZN

Amazon.com

$1,682.84

7.84 (0.47%)

19:22
01/16/19
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  • 16

    Jan

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    Mar

GS

Goldman Sachs

$197.03

17.12 (9.52%)

19:09
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  • 03

    Mar

TSLA

Tesla

$346.03

1.78 (0.52%)

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CA makes up large portion of Tesla Model 3 registrations in 2018, Bloomberg says »

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  • 16

    Jan

CARS

Cars.com

$23.14

-0.26 (-1.11%)

, MNKD

MannKind

$1.32

-0.06 (-4.35%)

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Cars.com

$23.14

-0.26 (-1.11%)

MNKD

MannKind

$1.32

-0.06 (-4.35%)

FOLD

Amicus

$12.18

0.19 (1.58%)

FUL

H.B. Fuller

$43.35

0.09 (0.21%)

PLXS

Plexus

$54.88

1.195 (2.23%)

CSX

CSX

$65.36

0.27 (0.41%)

KMI

Kinder Morgan

$17.46

0.15 (0.87%)

AA

Alcoa

$29.02

0.13 (0.45%)

ACB

Aurora Cannabis

$7.33

0.35 (5.01%)

MRTX

Mirati Therapeutics

$62.51

-2.33 (-3.59%)

AAPL

Apple

$154.88

1.84 (1.20%)

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  • 16

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  • 17

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BAC

Bank of America

$28.44

1.89 (7.12%)

18:46
01/16/19
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BofA's global investment banking head to leave bank, FT reports »

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  • 16

    Jan

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    Mar

NEWR

New Relic

$90.47

1.38 (1.55%)

18:44
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TME

Tencent Music

$12.99

0.57 (4.59%)

18:33
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ASCMA

Ascent Capital

$0.40

-0.0499 (-11.09%)

18:27
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CMS

CMS Energy

$50.56

0.34 (0.68%)

18:19
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CMS Energy initiated at Goldman Sachs »

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  • 10

    Feb

DTE

DTE Energy

$111.73

0.48 (0.43%)

18:15
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