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PEP

PepsiCo

$127.23

0.18 (0.14%)

, SJM

J.M. Smucker

$120.26

0.955 (0.80%)

10:13
04/18/19
04/18
10:13
04/18/19
10:13

Fly Intel: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. PepsiCo (PEP) upgraded to Neutral from Sell at Goldman Sachs with analyst Judy Hong citing its "strong" Q1 results that saw organic revenue accelerate to 5% and gross margins top expectations. 2. J.M. Smucker (SJM) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Pamela Kaufman saying she believes the company's reinvestment strategy will drive improved topline momentum across its key segments and should allow the company to return to positive organic growth in FY20. 3. Venator Materials (VNTR) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan saying he believes that the titanium dioxide "cycle is turning", with destocking activity nearing completion amid improving global demand and pricing. 4. Ecolab (ECL) upgraded to Buy from Neutral at Nomura Instinet with analyst Dan Dolev saying with the problematic energy business soon to be spun-off, Ecolab's "recession resistant qualities should stand out, warranting a significant premium to peers." 5. Qualcomm (QCOM) upgraded to Buy from Hold at DZ Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

PEP

PepsiCo

$127.23

0.18 (0.14%)

SJM

J.M. Smucker

$120.26

0.955 (0.80%)

VNTR

Venator Materials

$7.12

0.295 (4.32%)

ECL

Ecolab

$183.27

0.32 (0.17%)

QCOM

Qualcomm

$78.77

-0.32 (-0.40%)

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PEP PepsiCo
$127.23

0.18 (0.14%)

04/18/19
ARGS
04/18/19
NO CHANGE
Target $146
ARGS
Buy
PepsiCo price target raised to $146 from $128 at Argus
Argus analyst John Staszak raised his price target on PepsiCo to $146 and kept his Buy rating after its "strong Q1 results" in spite of the marketing costs and FX headwinds, saying the company continues to generate solid growth amid a weak consumer spending backdrop. The analyst also maintains his long-term earnings growth rate forecast of 8% for PepsiCo and believes that the company can attain its goal of $1B in annual cost savings and productivity gains.
04/18/19
DBAB
04/18/19
NO CHANGE
Target $131
DBAB
Hold
PepsiCo price target raised to $131 from $120 at Deutsche Bank
Deutsche Bank analyst Steve Powers raised his price target for PepsiCo to $131 from $120 saying the company's Q1 results "checked all the important boxes." The company did caution that comps get tougher over the next three quarters and also that cost inflation and spending levels will accelerate sequentially, Powers tells investors in a post-earnings research note titled "Some Pep in Their Step." He keeps a Hold rating on PepsiCo.
04/18/19
RHCO
04/18/19
NO CHANGE
Target $120
RHCO
Hold
PepsiCo price target raised to $120 from $110 at SunTrust
SunTrust analyst William Chappell raised his price target on PepsiCo to $120 after its Q1 earnings beat with better than expected organic revenue growth of 5.2%. The analyst is keeping his Hold rating on the shares while lowering his Q2 EBITDA forecast to $3.44B from $3.61B to reflect the management's plans to "spend back the upside" of Q1 in the current quarter through higher marketing and advertising. Chappell also reiterates his concerns with PepsiCo's "ability to grow profits high-single-digits" in the coming years when it slows its advertising and marketing expenditure.
04/18/19
04/18/19
UPGRADE
Target $132

Neutral
PepsiCo upgraded to Neutral at Goldman Sachs after 'strong Q1'
As previously reported, Goldman Sachs analyst Judy Hong upgraded PepsiCo to Neutral and raised her price target to $132 from $111 after its "strong" Q1 results that saw organic revenue accelerate to 5% and gross margins top expectations. The analyst also notes that her visit to the company's headquarters and meetings with its CEO Laguarta and CFO Johnson added to her confidence about the continued momentum of PepsiCo's snack business. Hong believes that the company should have an "ample cushion" toward its FY19 EPS outlook.
SJM J.M. Smucker
$120.26

0.955 (0.80%)

04/18/19
MSCO
04/18/19
UPGRADE
Target $117
MSCO
Equal Weight
J.M. Smucker upgraded to Equal Weight on improved topline at Morgan Stanley
As previously reported, Morgan Stanley analyst Pamela Kaufman upgraded J.M. Smucker to Equal Weight from Underweight as she believes the company's reinvestment strategy will drive improved topline momentum across its key segments and should allow the company to return to positive organic growth in FY20. Kaufman, who believes that the company's preliminary FY20 outlook for 3-4% EPS growth is "reasonable," raised her price target on J.M. Smucker shares to $117 from $104.
04/08/19
FBCO
04/08/19
UPGRADE
Target $120
FBCO
Neutral
J.M. Smucker upgraded to Neutral from Underperform at Credit Suisse
Credit Suisse analyst Robert Moskow upgraded J.M. Smucker to Neutral from Underperform and raised his price target on the shares to $120 from $96. The analyst continues to harbor long-term concerns about the company's competitive positioning in the pet and coffee categories, but recent improvement in retail sales trends and the margin expansion in its Coffee division have exceeded his expectations. These trends increase Moskow's confidence that the company will achieve its 3%-4% EPS growth guide for FY20.
04/01/19
ARGS
04/01/19
INITIATION
ARGS
Hold
J.M. Smucker initiated with a Hold at Argus
Argus analyst Stephen Biggar initiated J.M. Smucker with a Hold rating. In a research note to investors, Biggar says that while Smucker has many well-known food and beverage brands, he expects it to face continued earnings and margin pressure in the near-term as an established pet food provider enters the premium pet food space where Smucker currently performs well. The analyst sees 2019 EPS of $8.00, at the low end of management's guidance range, and sees 2020 EPS of $8.24.
04/18/19
MSCO
04/18/19
UPGRADE
MSCO
Equal Weight
J.M. Smucker upgraded to Equal Weight from Underweight at Morgan Stanley
VNTR Venator Materials
$7.12

0.295 (4.32%)

02/06/19
UBSW
02/06/19
UPGRADE
UBSW
Buy
Venator Materials upgraded to Buy from Neutral at UBS
02/06/19
UBSW
02/06/19
UPGRADE
Target $7
UBSW
Buy
UBS upgrades Venator to Buy ahead of mid-year earnings 'inflection'
UBS analyst John Roberts upgraded Venator Materials to Buy from Neutral with an unchanged price target of $7. The analyst sees a three-to-one upside/downside ratio for the stock following the 50% drop in the past quarter and 80% decline in the past year. He expects pigment volume declines into the channel to abate before mid-2019, followed by a recovery. He also Venator's thinks margin pressure from lower TiO2 prices and higher ore costs will stabilize in mid-2019, "leading to a mid-year inflection in earnings."
04/18/19
RBCM
04/18/19
UPGRADE
RBCM
Outperform
Venator Materials upgraded to Outperform from Sector Perform at RBC Capital
04/18/19
04/18/19
UPGRADE
Target $9

Outperform
Venator Materials upgraded to Outperform at RBC Capital on improving TiO2 cycle
As previously reported, RBC Capital analyst Arun Viswanathan upgraded Venator Materials to Outperform from Sector Perform and raised his price target to $9 from $7. The analyst believes that the titanium dioxide "cycle is turning", with destocking activity nearing completion amid improving global demand and pricing. Viswanathan maintains his FY19 and FY20 EPS estimates, but lifts his target multiple to 6.5-times from 5.5-times earnings to reflect the sentiment, even though he cautions investors about Venator Materials being a "high risk/high reward stock."
ECL Ecolab
$183.27

0.32 (0.17%)

04/18/19
NOMU
04/18/19
UPGRADE
Target $210
NOMU
Buy
Nomura Instinet upgrades 'recession resistant' Ecolab to Buy from Neutral
Nomura Instinet analyst Dan Dolev upgraded Ecolab to Buy from Neutral and raised his price target for the shares to $210 from $170. With the problematic energy business soon to be spun-off, Ecolab's "recession resistant qualities should stand out, warranting a significant premium to peers," Dolev tells investors in a research note. Following "years of lackluster organic growth, the analyst now expects improved organic revenue growth, better pricing power, a more attractive geographic mix, and enhanced efficiency metrics. UBS this morning downgraded Ecolab to Neutral from Buy.
04/18/19
UBSW
04/18/19
DOWNGRADE
Target $186
UBSW
Neutral
Ecolab downgraded to Neutral from Buy at UBS
UBS analyst John Roberts downgraded Ecolab to Neutral from Buy while raising his price target for the shares to $186 from $180. The analyst cites valuation for the downgrade. Nomura Instinet this morning upgraded Ecolab to Buy.
04/05/19
EDJN
04/05/19
DOWNGRADE
EDJN
Hold
Ecolab downgraded to Hold from Buy at Edward Jones
04/18/19
NOMU
04/18/19
UPGRADE
Target $210
NOMU
Buy
Ecolab upgraded to Buy from Neutral at Nomura Instinet
Nomura Instinet analyst Dan Dolev upgraded Ecolab to Buy from Neutral and raised his price target for the shares to $210 from $170.
QCOM Qualcomm
$78.77

-0.32 (-0.40%)

04/18/19
ARGS
04/18/19
NO CHANGE
Target $225
ARGS
Buy
Apple to benefit from Qualcomm litigation settlement, says Argus
Argus analyst Jim Kelleher kept his Buy rating and $225 price target on Apple (AAPL), saying the company's "comprehensive legal settlement and new supply agreement with Qualcomm (QCOM)" should benefit the shares. The analyst notes that the decision to settle was driven by the realization that Apple may miss out on the 5G phone cycle upgrade, and the announcement by Intel (INTC) within hours of the settlement highlighted that the Street was more optimistic about its development of a viable 5G chip. Kelleher adds that the cost burden for Qualcomm chip and licensing is not "too severe", which he estimates to be below $25 on devices that may retail for over $1.1K. The analyst also notes that Apple stock remains "attractive compared to its historical valuations and to peer average multiples."
04/18/19
DZBN
04/18/19
UPGRADE
DZBN
Buy
Qualcomm upgraded to Buy from Hold at DZ Bank
04/17/19
WELS
04/17/19
NO CHANGE
WELS
Market Perform
Intel exiting 5G smartphone modem business 'a positive,' says Wells Fargo
Wells Fargo analyst Aaron Rakers says that following the Apple (AAPL)-Qualcomm (QCOM) settlement announcement, Intel (INTC) announced its intention to exit the 5G smartphone modem business. The analyst views this as a positive for Intel. Rakers reiterates a Market Perform rating on Intel's shares.
04/17/19
04/17/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Overweight from Neutral at JPMorgan and to Outperform from In Line at Evercore ISI. 2. Domino's Pizza (DPZ) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst John Glass saying he thinks the stock's current price reflects 2-3% blended global same store sales growth over the next two years, which he views as too bearish based on its track record as a "best in class operator." 3. TSYS (TSS) upgraded to Buy from Neutral at Goldman Sachs with analyst James Schneider saying the company's new portfolios are driving revenue growth while improving margin expansion is driving earnings acceleration. 4. Omnicom (OMC) upgraded to Equal Weight from Underweight at Barclays. 5. Jones Lang LaSalle (JLL) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Jade Rahmani saying she sees an attractive entry point following the recent underperformance of the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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$35.48

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$317.04

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10:02
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General news
Business Inventories data reported »

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RCL

Royal Caribbean

$125.06

0.04 (0.03%)

10:01
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THC

Tenet

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Citi

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Johnson & Johnson

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