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PEP

PepsiCo

$122.50

-1.14 (-0.92%)

08:00
04/17/19
04/17
08:00
04/17/19
08:00

PepsiCo says 'feels good' about progress in NAB

  • 17

    Apr

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  • 18

    May

PEP PepsiCo
$122.50

-1.14 (-0.92%)

04/11/19
MSCO
04/11/19
DOWNGRADE
Target $24
MSCO
Underweight
Morgan Stanley downgrades Keurig Dr Pepper to Underweight on coffee risk
As previously reported, Morgan Stanley analyst Dara Mohsenian downgraded Keurig Dr Pepper to Underweight from Equal Weight as he sees a negative risk-reward despite a "well telegraphed" Q1 earnings beat on strong pricing at heritage Dr. Pepper Snapple. Based on the firm's recent AlphaWise survey, the analyst sees risk to coffee growth, noting that his forecast of around 1.5% is below the market-implied 4% long-term coffee topline growth, which is a key driver of his EPS forecast by 2021 being 5% below consensus. Additionally, Keurig Dr Pepper shares trade at a premium to the average of beverage peers Coca-Cola (KO) and PepsiCo (PEP) despite lower expected long-term topline growth, Mohsenian noted. He cut his price target on Keurig Dr Pepper shares to $24 from $27.
03/11/19
STFL
03/11/19
NO CHANGE
Target $67
STFL
Buy
Hypothetical Bang sale more negative than positive for Monster, says Stifel
Stifel analyst Mark Astrachan examined the hypothetical impact on Monster Beverage (MNST) should a larger beverages competitor acquire Bang, though he noted he has no knowledge of M&A negotiations or discussions with the energy drink competitor. He ultimately concluded a potential acquisition of Bang would be more negative than positive for Monster, though he also noted that risks of an acquisition include potential disruption of Bang's recent momentum, especially if it were to be acquired by PepsiCo (PEP) and transition distribution most likely in-house from the AB InBev (BUD) system. Additionally, a theoretical Bang deal could accelerate a decision by Coca-Cola (KO) regarding acquiring, or not, the remaining shares in Monster it does not currently own, said Astrachan, who keeps a Buy rating and $67 price target on Monster Beverage shares.
03/07/19
03/07/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Five Below (FIVE) initiated with an Outperform at Oppenheimer. 2. Teva (TEVA) reinstated with a Buy at UBS. 3. Chiasma (CHMA) initiated with an Overweight at Cantor Fitzgerald. 4. Monster Beverage (MNST) and Constellation Brands (STZ) were initiated with an Outperform at Credit Suisse, while Procter & Gamble (PG), Coca-Cola (KO), and Church & Dwight (CHD) were initiated with a Neutral, and PepsiCo (PEP), Colgate-Palmolive (CL), and Clorox (CLX) initiated with an Underperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/07/19
FBCO
03/07/19
INITIATION
FBCO
Credit Suisse starts Household Products & Beverages with Constellation top pick
Credit Suisse analyst Kaumil Gajrawala rolled out coverage last night on eight names in the Household Products & Beverages space. The analyst's ratings consist of three Outperforms, two Underperforms, and three Neutrals. His top pick is Constellation Brands (STZ), which he started with an Outperform rating and $230 price target. The company offers "predictable" high-single digit revenue growth with a valuation that is "well below slower growth peers," Gajrawala tells investors in a research note. His other Outperform ratings are on Monster Beverage (MNST) and Clorox (CLX). The analyst has a $78 price target on Monster, noting it is the fastest growing company in his coverage "with runway for continued growth." He has a $172 price target on Clorox saying the company's "unique" portfolio position justifies a premium valuation. Gajrawala's Neutral rated names are Church & Dwight (CHD), Procter & Gamble (PG) and Coca-Cola (KO). His two Underperforms are PepsiCo (PEP) and Colgate-Palmolive (CL). PepsiCo has a $100 price target as the analyst sees limited upside amid the company's "stepped-up" investment years. Colgate-Palmolive, Gajrawala's less favorite name, has a $55 price target. The company's out-year margins are at risk as it reinvests to address several years of slowing growth and sales declines, Gajrawala contends.

TODAY'S FREE FLY STORIES

GT

Goodyear Tire

$19.68

-0.42 (-2.09%)

12:50
04/25/19
04/25
12:50
04/25/19
12:50
Options
One-day call buyer in Goodyear Tire ahead of earnings »

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03/08/13
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    Apr

LUV

Southwest

$54.15

1.23 (2.32%)

12:49
04/25/19
04/25
12:49
04/25/19
12:49
Hot Stocks
Southwest says seeing 'very strong' demand in booking »

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    Nov

SGMS

Scientific Games

$21.32

-1.4 (-6.16%)

12:45
04/25/19
04/25
12:45
04/25/19
12:45
Options
Scientific Games call volume above normal and directionally bullish »

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TWTR

Twitter

$38.43

-0.85 (-2.16%)

12:44
04/25/19
04/25
12:44
04/25/19
12:44
Periodicals
Twitter banning Nazis would mean banning some GOP politicians, Motherboard says »

A Twitter employee who…

03/08/13
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  • 20

    May

BRKR

Bruker

$37.49

0.02 (0.05%)

12:43
04/25/19
04/25
12:43
04/25/19
12:43
Periodicals
Bruker facing China antitrust inquiry, Capitol Forum reports »

China's antitrust…

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03/06/13
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LUV

Southwest

$54.27

1.35 (2.55%)

12:41
04/25/19
04/25
12:41
04/25/19
12:41
Hot Stocks
Southwest says has 34 MAX aircraft grounded »

Says Hawaii expansion is…

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APD

Air Products

$198.00

-1.5 (-0.75%)

12:36
04/25/19
04/25
12:36
04/25/19
12:36
Upgrade
Air Products rating change  »

Air Products upgraded to…

03/08/13
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03/08/13
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NBLX

Noble Midstream

$36.53

-0.9 (-2.40%)

12:36
04/25/19
04/25
12:36
04/25/19
12:36
Hot Stocks
Noble Midstream increases cash distribution to 61.32c per unit »

Noble Midstream Partners…

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03/06/13
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  • 03

    May

BABA

Alibaba

$187.20

1.53 (0.82%)

, PDD

Pinduoduo

$23.38

-0.56 (-2.34%)

12:36
04/25/19
04/25
12:36
04/25/19
12:36
Periodicals
USTR adds Pinduoduo to 'notorious markets' list for IP protection, Reuters says »

The U.S. Trade…

BABA

Alibaba

$187.20

1.53 (0.82%)

PDD

Pinduoduo

$23.38

-0.56 (-2.34%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 15

    May

LUV

Southwest

$54.46

1.54 (2.91%)

12:33
04/25/19
04/25
12:33
04/25/19
12:33
Hot Stocks
Southwest says Q2 'will be better' »

Says more equipped to…

03/08/13
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  • 25

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    Nov

CMG

Chipotle

$674.52

-35.48 (-5.00%)

12:25
04/25/19
04/25
12:25
04/25/19
12:25
Recommendations
Chipotle analyst commentary at Oppenheimer »

Chipotle price target…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 21

    May

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    May

MSFT

Microsoft

$129.78

4.78 (3.82%)

, FB

Facebook

$195.10

12.46 (6.82%)

12:23
04/25/19
04/25
12:23
04/25/19
12:23
On The Fly
Fly Intel: Wall Street's top stories at midday »

The major averages have…

MSFT

Microsoft

$129.78

4.78 (3.82%)

FB

Facebook

$195.10

12.46 (6.82%)

MMM

3M

$195.58

-23.66 (-10.79%)

UPS

UPS

$106.70

-7.69 (-6.72%)

DB

Deutsche Bank

$8.41

-0.09 (-1.06%)

CRZBY

Commerzbank

$0.00

(0.00%)

WMT

Walmart

$103.64

0.13 (0.13%)

FBHS

Fortune Brands

$52.61

2.72 (5.45%)

NOW

ServiceNow

$261.35

18.94 (7.81%)

PYPL

PayPal

$109.86

2.68 (2.50%)

MMLP

Martin Midstream Partners

$7.43

-2.41 (-24.50%)

CNSL

Consolidated Communications

$5.99

-2.9 (-32.62%)

FCX

Freeport McMoRan

$12.68

-0.89 (-6.56%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 13

    Nov

XLF

Financial Select Sector

$27.49

0.1 (0.37%)

12:20
04/25/19
04/25
12:20
04/25/19
12:20
Options
50K SPDR Financials Jun 28 calls trade 30c »

50K SPDR Financials Jun…

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MMM

3M

$195.01

-24.23 (-11.05%)

12:18
04/25/19
04/25
12:18
04/25/19
12:18
Hot Stocks
JPMorgan's Tusa says 'no way' 3M can be broken up »

JPMorgan analyst Stephen…

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
04/25/19
04/25
12:17
04/25/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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MMM

3M

$195.20

-24.04 (-10.97%)

12:16
04/25/19
04/25
12:16
04/25/19
12:16
Hot Stocks
JPMorgan's Tusa stands by $154 price target on 3M »

JPMorgan analyst Stephen…

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
04/25/19
04/25
12:16
04/25/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/06/13
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MMM

3M

$195.55

-23.69 (-10.81%)

, HON

Honeywell

$170.63

-0.63 (-0.37%)

12:15
04/25/19
04/25
12:15
04/25/19
12:15
Hot Stocks
JPMorgan's Tusa says 3M should trade at discount to Honeywell »

JPMorgan analyst Stephen…

MMM

3M

$195.55

-23.69 (-10.81%)

HON

Honeywell

$170.63

-0.63 (-0.37%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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MMM

3M

$195.61

-23.63 (-10.78%)

12:14
04/25/19
04/25
12:14
04/25/19
12:14
Hot Stocks
JPMorgan's Tusa says 3M neither 'growthy' nor 'defensive' »

JPMorgan analyst Stephen…

03/08/13
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  • 25

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MAS

Masco

$38.51

-1.47 (-3.68%)

12:10
04/25/19
04/25
12:10
04/25/19
12:10
Options
3K Masco May 37 - 39 put spreads sold at 83c »

3K Masco May 37 - 39 put…

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  • 25

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NITE

Nightstar Therapeutics

$25.54

0.01 (0.04%)

, BIIB

Biogen

$230.56

6.24 (2.78%)

12:07
04/25/19
04/25
12:07
04/25/19
12:07
Hot Stocks
Polygon discloses 7.97% stake in Nightstar, sends letters to board »

Polygon Global Partners…

NITE

Nightstar Therapeutics

$25.54

0.01 (0.04%)

BIIB

Biogen

$230.56

6.24 (2.78%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 30

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FNB

F.N.B.

$11.99

0.01 (0.08%)

12:04
04/25/19
04/25
12:04
04/25/19
12:04
Hot Stocks
First National Bank appoints Samuel Kirsch as chief digitial officer »

First National Bank…

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  • 15

    May

CRC

California Resources

$22.75

-3.55 (-13.50%)

12:00
04/25/19
04/25
12:00
04/25/19
12:00
Hot Stocks
California Resources falls -13.4% »

California Resources is…

03/08/13
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  • 02

    May

  • 08

    May

HZO

MarineMax

$16.59

-3.255 (-16.41%)

12:00
04/25/19
04/25
12:00
04/25/19
12:00
Hot Stocks
MarineMax falls -16.3% »

MarineMax is down -16.3%,…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Apr

CLS

Celestica

$7.19

-1.42 (-16.50%)

12:00
04/25/19
04/25
12:00
04/25/19
12:00
Hot Stocks
Celestica falls -16.7% »

Celestica is down -16.7%,…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 25

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