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BG

Bunge

$52.95

0.745 (1.43%)

, CAG

Conagra Brands

$21.58

0.34 (1.60%)

07:02
01/22/19
01/22
07:02
01/22/19
07:02

Bunge names Gregory Heckman as acting CEO

Bunge (BG) announced that Board member Gregory Heckman, a seasoned agribusiness executive, has been appointed acting CEO, effective immediately. He replaces Soren Schroder, who previously announced his intention to step down. . Heckman joined the Bunge Board in 2018. He has over 30 years of experience in the agriculture, energy and food processing industries, having served as CEO of The Gavilon Group and in senior executive roles at ConAgra Foods (CAG).

BG

Bunge

$52.95

0.745 (1.43%)

CAG

Conagra Brands

$21.58

0.34 (1.60%)

  • 22

    Jan

BG Bunge
$52.95

0.745 (1.43%)

11/01/18
SBSH
11/01/18
NO CHANGE
Target $82
SBSH
Buy
Citi says Bunge is for sale, sees takeout value at $90 per share
Citi analyst David Driscoll says that with Bunge adding three "new, high quality" members to its board and initiating a strategic review, he believes the company is for sale in whole, or parts. The analyst thinks Bunge possesses medium term earnings power of $7.00 per share, and sees a takeout value of $90 per share. Driscoll lowered his price target for the stock to $82 from $92 and keeps a Buy rating on Bunge.
09/25/18
SBSH
09/25/18
NO CHANGE
SBSH
Buy
Citi sees 'significant turnaround' for Bunge, adds to Catalyst Watch list
Citi analyst David Driscoll added Bunge to its Catalyst Watch list ahead of the company's Q3 results. After meeting with CEO Soren Schroder, the analyst believes Bunge is set up for an inflection in Q3. He thinks the company can see "record" earnings in the second half of the year and a "significant turnaround" relative to its poor first half results. Driscoll keeps a Buy rating on the shares.
08/02/18
JPMS
08/02/18
DOWNGRADE
Target $75
JPMS
Neutral
JPMorgan downgrades Bunge on 'high bar' second half guidance
JPMorgan analyst Ann Duignan downgraded Bunge to Neutral from Overweight and lowered her price target for the shares to $75 from $82. Share upside is limited by the "high bar" set for the second half of 2018 and "still elevated execution risks" from uncertain trade policy and unresolved freight challenges in Brazil, Duignan tells investors in a research note after Bunge reiterated its 2018 EBIT guidance. She believes the aforementioned may drive further earnings volatility in 2018 and sees fewer near-term catalysts.
08/02/18
JPMS
08/02/18
DOWNGRADE
Target $75
JPMS
Neutral
Bunge downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Ann Duignan downgraded Bunge to Neutral and lowered her price target for the shares to $75 from $82.
CAG Conagra Brands
$21.58

0.34 (1.60%)

01/07/19
UBSW
01/07/19
NO CHANGE
Target $33
UBSW
Buy
Conagra Brands weakness a buying opportunity, says UBS
UBS analyst Steven Strycula said the December selloff in Conagra Brands has created a compelling entry point and offers the best setup in U.S. Food with a greater than 50% upside potential. The analyst believes the Pinnacle Foods merchandising missteps are fixable and attributes underperformance of supply chain cost overruns and an over-commitment to its 2019 margin goal. Strycula reiterated his Buy rating and $33 price target on Conagra shares.
01/02/19
01/02/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Henry Schein (HSIC) downgraded to Neutral from Outperform at Baird with analyst Jeff Johnson saying he is more cautious on the combination of the dental sector's secular overhangs, softer Q4 patient volume checks, and accelerating equipment pricing pressures. 2. Conagra Brands (CAG) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Jason English saying while the stock's 41% decline since October 23 is overdone, the "path of recovery is likely to be protracted." 3. BioMarin (BMRN) downgraded to Market Perform from Outperform at Raymond James with analyst Laura Chico saying BioMarin lacks near-term catalysts which makes it more vulnerable in a "risk off" environment. 4. Hologic (HOLX) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst David Lewis saying his checks with about 40 medspas highlighted market saturation of body sculpting devices. 5. Louisiana-Pacific (LPX) downgraded to Neutral from Buy at BofA/Merrill with analyst George Staphos citing the steep drop-off in 2H 2018 panel pricing and challenging 1H 2019 comparisons versus 1H 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/02/19
GSCO
01/02/19
DOWNGRADE
Target $31
GSCO
Buy
Conagra Brands downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Jason English removed Conagra Brands from his firm's Americas Conviction List but keeps a Buy rating on the name. He also lowered his price target for the shares to $31 from $42. While the stock's 41% decline since October 23 is overdone, the "path of recovery is likely to be protracted," English tells investors in a research note. The analyst views Conagra as oversold but sees a lack of catalysts for the stock until the spring.
12/21/18
FBCO
12/21/18
NO CHANGE
Target $26.5
FBCO
Neutral
Conagra Brands price target cut to $26.50 from $35 at Credit Suisse
Credit Suisse analyst Robert Moskow maintained a Neutral rating on ConAgra Brands but lowered his price target to $26.50 from $35 following the company's quarterly report. In a research note to investors, Moskow lowered his FY19 and FY20 EPS estimates to $2.07 and $2.16, respectively, from $2.11 and $2.37. He noted that the stock fell 17% on Thursday after management slashed expectations for the $10.9B Pinnacle acquisition for the next 12 months due to a litany of product innovation missteps and unprofitable trade promotions by the prior management team.

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MO

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EYEG

EyeGate

$0.35

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ORCL

Oracle

$53.32

0.6 (1.14%)

10:40
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3.1K Oracle Jun 50 - Sep 52.5 call spreads bought for 80c »

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ALDX

Aldeyra

$10.89

3.75 (52.52%)

10:36
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  • 26

    Mar

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TPX

Tempur Sealy

$57.11

0.9 (1.60%)

10:31
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ENDP

Endo

$8.90

0.635 (7.68%)

10:30
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Bullish flow in Endo International as shares gain 9.3% »

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10:30
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LUV

Southwest

$49.19

0.5 (1.03%)

10:29
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CRTO

Criteo

$19.24

-2.75 (-12.51%)

, GOOG

Alphabet

$1,195.53

2.81 (0.24%)

10:25
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Criteo

$19.24

-2.75 (-12.51%)

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Alphabet

$1,195.53

2.81 (0.24%)

GOOGL

Alphabet Class A

$1,200.55

3.42 (0.29%)

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  • 27

    Mar

  • 04

    Apr

  • 29

    Apr

  • 29

    Apr

  • 27

    Oct

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Conference/Events
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SYNA

Synaptics

$34.01

1.3 (3.97%)

10:20
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Synaptics calls active as shares rally »

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  • 28

    May

10:20
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U.S. Richmond Fed manufacturing index fell 6 points to 10 in March »

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Treasury Action: yields…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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GLPG

Galapagos NV

$96.48

1.25 (1.31%)

10:15
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Conference/Events
Galapagos NV management to meet with JPMorgan »

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  • 01

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