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RAD

Rite Aid

$9.90

-0.86 (-7.99%)

, MO

Altria Group

$54.84

0.23 (0.42%)

16:18
04/23/19
04/23
16:18
04/23/19
16:18

Rite Aid to increase minimum tobacco purchase age to 21 years old

Rite Aid will increase the age to purchase tobacco products to 21 "consistent with the company's commitment to promoting responsible access to tobacco products. Rite Aid previously announced that it will remove e-cigarettes and vaping products chain-wide." These actions will go into effect across all Rite Aid stores within 90 days.

RAD

Rite Aid

$9.90

-0.86 (-7.99%)

MO

Altria Group

$54.84

0.23 (0.42%)

  • 25

    Apr

  • 16

    May

RAD Rite Aid
$9.90

-0.86 (-7.99%)

12/20/18
LOOP
12/20/18
NO CHANGE
Target $1
LOOP
Hold
Rite Aid price target lowered to $1.00 at Loop Capital
Loop Capital analyst Andrew Wolf lowered his price target on Rite Aid to $1.00 from $1.35 and kept his Hold rating after its Q3 results. The analyst notes that while the company beat on earnings, it brought down the midpoint of its FY19 guidance, which suggests that the company is not yet an an operational inflection point. Wolf adds that while the stock trades at a discount to the drugstore group, he sees it as appropriate given the "higher debt leverage and subscale operations."
04/17/19
GUGG
04/17/19
DOWNGRADE
GUGG
Sell
Rite Aid assumed with a Sell from Neutral at Guggenheim
04/17/19
GUGG
04/17/19
DOWNGRADE
GUGG
Sell
Rite Aid assumed with a Sell from Neutral at Guggenheim
Guggenheim analyst Glen Santangelo assumed coverage of Rite Aid and downgraded the shares to Sell from the firm's Neutral rating under analyst John Heinbockel. Santangelo also lowered the price target fro Rite Aid to 35c per share, down from 45c per share. The analyst believes Rite Aid's "significant debt burden" and "high leverage will continue to limit Rite Aid's ability to work through its structural and competitive issues."
04/18/19
04/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying Morgan Stanley reported "strong" Q1 results but the shares are fairly valued. 2. Snap (SNAP) downgraded to Negative from Mixed at Vertical Group and to Neutral from Outperform at Wedbush. 3. Rite Aid (RAD) downgraded with a Sell from Neutral at Guggenheim while Walgreens Boots Alliance (WBA) was downgraded with a Neutral from Buy. 4. CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill with analyst Steve Byrne saying he has spoken with 10 key channel contacts in the Cornbelt and several commented that never in their 30-plus year careers have they seen fertilizer applications this far behind, mainly due to the weather. 5. FMC Corporation (FMC) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the "uncertainty of Rynaxypyr and Cyazypyr patent expiration" as well as the reduced multiple from the recent lithium separation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MO Altria Group
$54.84

0.23 (0.42%)

02/25/19
JEFF
02/25/19
INITIATION
JEFF
Underperform
Cronos Group initiated with an Underperform at Jefferies
Jefferies analyst Owen Bennett initiated coverage of nine cannabis stocks, stating that his base-case "conservative" assumption is that the cannabis industry can grow in size to over $50B by 2029 from $17B in 2019. He started Cronos Group (CRON) with an Underperform rating and C$17 price target, stating that "at present we feel there is little to get really excited about other than the investment and large sum of money" from Altria (MO). He thinks "the market has gotten ahead of itself" on Cronos as he questions when Altria value creation will begin to materialize, Bennett tells investors.
03/05/19
COWN
03/05/19
INITIATION
COWN
Market Perform
Cronos Group initiated with a Market Perform at Cowen
Cowen analyst Vivien Azer started Cronos Group (CRON) with a Market Perform rating and C$29 price target. The analyst likes the company's story as an asset-light, global low-cost producer with operational support and invested capital from Altria Group (MO). However, Azer says the stock's current valuation prevents her from taking a more constructive position at this time.
03/06/19
JEFF
03/06/19
NO CHANGE
JEFF
Gottlieb resignation positive for tobacco sentiment, says Jefferies
The resignation of FDA commissioner Scott Gottlieb is a net positive for tobacco sentiment, particularly for British American Tobacco (BTI) as it should lessen concerns related to any possible action around a menthol ban near term, Jefferies analyst Owen Bennett tells investors in a research note. A potential delay to guidelines around e-vapour restrictions could also support both British American and Imperial Brands (IMBBY), adds the analyst.
03/06/19
MSCO
03/06/19
NO CHANGE
MSCO
Resignation of Gottlieb lowers near-term overhang on Altria, says Morgan Stanley
Morgan Stanley analyst Pamela Kaufman said she expects a positive reaction in tobacco stocks to the news that FDA Commissioner Scott Gottlieb will resign in April as it likely delays the agency's near-term tobacco control objectives. Gottlieb has been very vocal on tobacco regulation and his resignation creates a vacuum in leadership and uncertainty about the agency's strategy for tobacco control until a new head is appointed, though leadership at the Center of Tobacco Products remains intact under Mitch Zeller, Kaufman tells investors. While his resignation reduces the near-term regulatory overhang on Altria (MO), it could be a "mixed bag for e-cigs," as Gottlieb changed his tone last year due to the youth e-cig epidemic but he had previously increased leniency towards the category when he pushed out the PMTA deadline to 2022 from 2018, added Kaufman.

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HA

Hawaiian Holdings

$25.44

0.31 (1.23%)

21:12
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MHK

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SNV

Synovus

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BXS

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UCBI

United Community Banks

$26.63

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RNST

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20:57
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FCCO

First Community

$18.31

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Conference/Events
Cantor Fitzgerald tech analyst to hold an analyst/industry conference call »

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LOW

Lowe's

$98.04

3.07 (3.23%)

, TGT

Target

$85.57

-0.34 (-0.40%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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$98.04

3.07 (3.23%)

TGT

Target

$85.57

-0.34 (-0.40%)

ADI

Analog Devices

$110.35

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PLCE

Children's Place

$78.06

-2.6 (-3.22%)

03/08/13
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GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

, GOOGL

Alphabet Class A

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$1,183.43

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$1,184.26

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HMNY

Helios and Matheson

$0.00

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PLM

PolyMet Mining

$0.34

-0.0125 (-3.60%)

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AAL

American Airlines

$25.83

-0.27 (-1.03%)

18:24
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LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

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$20.93

0.07 (0.34%)

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$30.55

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Nordson

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CE

Celanese

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Walmart

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URBN

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$20.93

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17:45
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BA

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