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KHC

Kraft Heinz

$33.09

0.2 (0.61%)

06:18
04/24/19
04/24
06:18
04/24/19
06:18

Kraft Heinz downgraded to Underweight from Neutral at Piper Jaffray

Piper Jaffray analyst Michael Lavery downgraded Kraft Heinz to Underweight from Neutral and lowered his price target for the shares to $31 from $35. Expectations for the company's 2020 earnings are likely too high as it plans divestitures of underperforming businesses, which could be 20c-30c dilutive on a per share basis, Lavery tells investors in a research note. He believes a new CEO is the right move, but also that incremental brand spending is needed to rejuvenate Kraft Heinz's "dusty brands," which he thinks could weigh on earnings by another 15c-20c per share.

KHC Kraft Heinz
$33.09

0.2 (0.61%)

03/04/19
WOLF
03/04/19
DOWNGRADE
WOLF
Peer Perform
Kraft Heinz downgraded to Peer Perform from Outperform at Wolfe Research
03/04/19
03/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Foot Locker (FL) upgraded to Buy from Hold at Pivotal Research with analyst Mitch Kummetz saying the company on Friday reported much better than expected Q4 results, and its fiscal 2019 same-store-sales and earnings growth outlook was also well above consensus. 2. Hasbro (HAS) upgraded to Market Perform from Underperform at BMO Capital with analyst Gerrick Johnson saying the stock's multiple will expand as "major theatrical events" approach later in the year. 3. Hertz (HTZ) upgraded to Buy from Neutral at Northcoast. 4. Extended Stay America (STAY) upgraded to Buy from Neutral at Goldman Sachs with analyst Stephen Grambling citing the company's Q4 earnings report. 5. Kraft Heinz (KHC) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Dara Mohsenian saying he believes FY19 estimates now look achievable following their recent correction. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/18/19
STFL
03/18/19
NO CHANGE
Target $35
STFL
Hold
Kraft Heinz delay a setback, but shouldn't impact debt covenants, says Stifel
After Kraft Heinz reported late on Friday that it could not meet the deadline to file its 10-K with the SEC, Stifel analyst Christopher Growe called the news "another setback to the company in a string of disappointments of late," but added that he does not believe this means the SEC investigation has widened or that the filing impacts any of the company's debt covenants. He does not, however, think the company can pursue an asset sale now until the 10-K is filed. Growe, who expects the shares to trade down on this news given that investors currently have "a very skeptical tone" in relation to Kraft Heinz, keeps a Hold rating and $35 price target on the stock.
03/29/19
WOLF
03/29/19
DOWNGRADE
WOLF
Underperform
Kraft Heinz downgraded to Underperform from Peer Perform at Wolfe Research

TODAY'S FREE FLY STORIES

T

AT&T

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0.06 (0.19%)

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CMCSA

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GS

Goldman Sachs

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DB

Deutsche Bank

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UAL

United Continental

$87.10

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TGT

Target

$87.83

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Target registers back online after outage blamed on tech issue, Reuters says »

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INTC

Intel

$46.18

-0.54 (-1.16%)

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BA

Boeing

$347.19

-1.54 (-0.44%)

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GS

Goldman Sachs

$191.71

0.24 (0.13%)

16:19
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Goldman Sachs skeptical of 'insurance' rate cuts from Fed, Reuters says »

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BA

Boeing

$347.19

-1.54 (-0.44%)

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Trials nearing for Boeing 737 Max fix, WSJ reports »

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ESLT

Elbit Systems

$154.55

0.55 (0.36%)

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Elbit Systems awarded $50M contract »

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AMGN

Amgen

$176.09

-0.74 (-0.42%)

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SILK

Silk Road Medical

$44.80

-0.95 (-2.08%)

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EDIT

Editas Medicine

$21.72

-0.78 (-3.47%)

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SNSS

Sunesis

$0.90

-0.055 (-5.79%)

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APLS

Apellis

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FTSV

Forty Seven

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AZN

AstraZeneca

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STRO

Sutro Biopharma

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BPMC

Blueprint Medicines

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INCY

Incyte

$77.76

1.385 (1.81%)

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ABBV

AbbVie

$78.69

-0.27 (-0.34%)

, INCY

Incyte

$77.76

1.385 (1.81%)

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Conference/Events
European Hematology Association to hold a conference »

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ABBV

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INCY

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1.385 (1.81%)

ARQL

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AMGN

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ALXN

Alexion

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AGIO

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AZN

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BLUE

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BMY

Bristol-Myers

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CELG

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NVS

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NSTG

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KPTI

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JAZZ

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GSK

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GILD

Gilead

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DSNKY

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$0.00

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PFE

Pfizer

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PTLA

Portola Pharmaceuticals

$25.78

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QGEN

Qiagen

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RHHBY

Roche

$0.00

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RIGL

Rigel Pharmaceuticals

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SNY

Sanofi

$42.46

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SGEN

Seattle Genetics

$68.67

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STML

Stemline

$14.20

0.12 (0.85%)

VSTM

Verastem

$1.39

0.125 (9.88%)

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AMZN

Amazon.com

$1,870.07

-0.23 (-0.01%)

, GRUB

GrubHub

$70.15

-2.76 (-3.79%)

13:28
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Periodicals
Amazon exit gives GrubHub stock boost, Barron's says »

Amazon (AMZN) is…

AMZN

Amazon.com

$1,870.07

-0.23 (-0.01%)

GRUB

GrubHub

$70.15

-2.76 (-3.79%)

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ABC

AmerisourceBergen

$85.01

-1.46 (-1.69%)

, CAH

Cardinal Health

$44.16

-1.13 (-2.50%)

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McKesson, Cardinal Health looking like bargains, Barron's says »

Investors have halved the…

ABC

AmerisourceBergen

$85.01

-1.46 (-1.69%)

CAH

Cardinal Health

$44.16

-1.13 (-2.50%)

MCK

McKesson

$133.19

-1.7 (-1.26%)

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RTN

Raytheon

$177.38

0.195 (0.11%)

, UTX

United Technologies

$125.30

0.45 (0.36%)

13:09
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United Technologies, Raytheon stocks looking cheap, Barron's says »

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RTN

Raytheon

$177.38

0.195 (0.11%)

UTX

United Technologies

$125.30

0.45 (0.36%)

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GRUB

GrubHub

$70.15

-2.76 (-3.79%)

, AMZN

Amazon.com

$1,870.07

-0.23 (-0.01%)

13:04
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13:04
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Food fight extending well beyond restaurant delivery, Barron's says »

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GRUB

GrubHub

$70.15

-2.76 (-3.79%)

AMZN

Amazon.com

$1,870.07

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