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TSN

Tyson Foods

$82.50

-0.48 (-0.58%)

, MCD

McDonald's

$199.20

-0.71 (-0.36%)

13:06
05/19/19
05/19
13:06
05/19/19
13:06

Meat prices set to climb amid swine fever, WSJ reports

African swine fever, harmless to humans but deadly to pigs, has decimated Chinese hog counts, constraining supplies in the world's top market for pork, and McDonald's (MCD) and Tyson (TSN) are among companies that expect tighter supplies of pork and bacon to result in more-expensive meat globally, The Wall Street Journal's Heather Haddon and Jacob Bunge report. Reference Link

TSN

Tyson Foods

$82.50

-0.48 (-0.58%)

MCD

McDonald's

$199.20

-0.71 (-0.36%)

  • 23

    May

  • 29

    May

TSN Tyson Foods
$82.50

-0.48 (-0.58%)

05/14/19
ARGS
05/14/19
UPGRADE
ARGS
Buy
Tyson Foods upgraded to Buy from Hold at Argus
05/14/19
ARGS
05/14/19
UPGRADE
ARGS
Buy
Tyson Foods upgraded to Buy from Hold at Argus
Argus analyst John Staszak upgraded Tyson Foods to Buy with a price target of $92, also raising his FY19 EPS view by 10c to $6.20 and his FY20 target by 25c to $6.75. The analyst contends that the "growing demand for proteins" is positive for the company and other meat processors, with Tyson's beef division seeing an "especially strong demand". Staszak further cites the company's efforts to increase sales of prepared foods to meet the "steady demand and strong margins" while noting the 12.8-times forward earnings multiple on Tyson Foods stock, which is below the average large-cap food processor multiple of 18.4-times and in the lower half of its historical 9- to 19-times range.
05/14/19
05/14/19
UPGRADE
Target $96

Outperform
Tyson Foods upgraded to Outperform at Credit Suisse
As previously reported, Credit Suisse analyst Robert Moskow upgraded Tyson Foods to Outperform from Neutral and raised his price target on the shares to $96 from $74. The analyst notes that consensus estimates already factor in stronger Chicken margins based on a rebound in the U.S. supply-demand cycle domestically. However, he does not think they fully account for the upside to chicken, beef, and pork prices from the outbreak of African Swine Fever.
05/14/19
05/14/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tyson Foods (TSN) upgraded to Outperform from Neutral at Credit Suisse and to Buy from Hold at Argus. 2. Coca-Cola (KO) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Dara Mohsenian saying the company's growth outlook is "clearly superior" relative to the packaged goods space, but this is not reflected in the current share price. 3. Capital One (COF) upgraded to Buy from Hold at Jefferies with analyst John Hecht saying he expects the stock to benefit from "bigger payouts and improving efficiencies." 4. Deckers Brands (DECK) upgraded to Positive from Neutral at Susquehanna. 5. Agco (AGCO) upgraded to Overweight from Neutral at JPMorgan with analyst Ann Duignan saying given Agco's limited exposure to the U.S. row crop sector, the recent sell-off in the shares is overdone. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MCD McDonald's
$199.20

-0.71 (-0.36%)

05/01/19
LBOW
05/01/19
DOWNGRADE
LBOW
Neutral
McDonald's downgraded to Neutral on valuation at Longbow
As previously reported, Longbow analyst Alton Stump downgraded McDonald's (MCD) to Neutral from Buy. While the company's "impressive" U.S. comp growth in Q1 increases his confidence in comps over the last three quarters of the year, he also believes the stock reflects his favorable view with shares trading near his prior price target of $200. Stump added that he believes the strong U.S. comparable sales growth likely means the company gained share from the likes of Dunkin' Brands (DNKN), Burger King (QSR) and Wendy's (WEN) in Q1.
05/01/19
RHCO
05/01/19
NO CHANGE
Target $230
RHCO
Buy
McDonald's price target raised to $230 from $200 at SunTrust
SunTrust analyst Jake Bartlett raised his price target on McDonald's to $230 and kept his Buy rating after its Q1 results, saying the stock should see continued upside given its "broad-based SSS strength." The analyst also raises his FY19 U.S. comps forecast to 4.5% from 3.5% - the strongest since 2011 - with a positive view on the company's delivery and menu innovation initiatives.
05/01/19
BTIG
05/01/19
NO CHANGE
Target $220
BTIG
Buy
McDonald's price target raised to $220 from $200 at BTIG
BTIG analyst Peter Saleh raised his price target on McDonald's to $220 and kept his Buy rating after its Q1 results, saying the company's menu strategy shift has boosted comps. The analyst expects the increased menu focus on "bundles and full price items" - away from deep discounts - to drive higher U.S. average check for the next couple of quarters. Saleh adds that he is "encouraged by the direction of franchisee cash flow" in spite of his disappointment over negative traffic trends.
05/01/19
05/01/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. McDonald's (MCD) downgraded to Neutral from Buy at Longbow with analyst Alton Stump saying while the company's "impressive" U.S. comp growth in Q1 increases his confidence in comps over the last three quarters of the year, he also believes the stock reflects his favorable view with shares trading near his prior price target of $200. 2. Sabre (SABR) downgraded to Market Perform from Outperform at William Blair with analyst Matthew Pfau saying that while the company outperformed in Q1, it lowered guidance across all headline metrics. 3. Alkermes (ALKS) downgraded to Neutral from Buy at Citi with analyst Liav Abraham saying while the positive Phase 3 data for ALKS 3831 in Q4 support a constructive view on the compound, there are not "sufficient meaningful catalysts to drive material upside" in the stock for the remainder of 2019. 4. Tile Shop (TTS) downgraded to Neutral from Buy at Citi with analyst Geoffrey Small saying the company's turnaround "showed encouraging progress" in the second half of 2018, but the Q1 results "represented a sizeable step back." 5. Cummins (CMI) downgraded to Hold from Buy at Loop Capital with analyst Jeffrey Kauffman saying he believes good news is mostly priced into the shares at current valuation levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

JEC

Jacobs Engineering

$78.18

-0.14 (-0.18%)

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LTXB

LegacyTexas Financial

$38.91

0.69 (1.81%)

, PB

Prosperity Bancshares

$62.55

-4.68 (-6.96%)

07:46
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Downgrade
LegacyTexas Financial, Prosperity Bancshares, Veritex rating change  »

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LTXB

LegacyTexas Financial

$38.91

0.69 (1.81%)

PB

Prosperity Bancshares

$62.55

-4.68 (-6.96%)

VBTX

Veritex

$26.00

-0.19 (-0.73%)

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  • 26

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ERJ

Embraer

$19.15

-0.06 (-0.31%)

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LTXB

LegacyTexas Financial

$38.91

0.69 (1.81%)

07:46
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Downgrade
LegacyTexas Financial rating change  »

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  • 26

    Aug

TSLA

Tesla

$225.00

10.19 (4.74%)

, NIO

NIO Inc.

$2.47

0.05 (2.07%)

07:44
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Periodicals
China orders EV safety checkups after Tesla, NIO fires, Bloomberg reports »

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TSLA

Tesla

$225.00

10.19 (4.74%)

NIO

NIO Inc.

$2.47

0.05 (2.07%)

03/08/13
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BLUE

Bluebird Bio

$122.74

5.17 (4.40%)

07:44
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06/18
07:44
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07:44
Upgrade
Bluebird Bio rating change  »

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ON

ON Semiconductor

$18.80

-0.26 (-1.36%)

07:42
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06/18
07:42
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07:42
Initiation
ON Semiconductor initiated  »

ON Semiconductor…

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  • 09

    Jul

BA

Boeing

$354.90

7.71 (2.22%)

07:41
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06/18
07:41
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07:41
Recommendations
Boeing analyst commentary  »

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  • 09

    Jul

MPWR

Monolithic Power

$126.07

-0.22 (-0.17%)

07:39
06/18/19
06/18
07:39
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07:39
Initiation
Monolithic Power initiated  »

Monolithic Power…

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ARRY

Array BioPharma

$46.42

16.83 (56.88%)

, PFE

Pfizer

$42.87

0.12 (0.28%)

07:37
06/18/19
06/18
07:37
06/18/19
07:37
Downgrade
Array BioPharma, Pfizer, Mirati Therapeutics, Agios Pharmaceuticals, Incyte, Exelixis rating change  »

Array BioPharma…

ARRY

Array BioPharma

$46.42

16.83 (56.88%)

PFE

Pfizer

$42.87

0.12 (0.28%)

MRTX

Mirati Therapeutics

$100.40

6.19 (6.57%)

AGIO

Agios Pharmaceuticals

$50.67

2.7 (5.63%)

INCY

Incyte

$81.84

4.085 (5.25%)

EXEL

Exelixis

$20.65

0.96 (4.88%)

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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  • 20

    Jun

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    Jun

  • 28

    Aug

  • 16

    Sep

AOSL

Alpha & Omega

$8.48

-0.12 (-1.40%)

07:36
06/18/19
06/18
07:36
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07:36
Initiation
Alpha & Omega initiated  »

Alpha & Omega…

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ENLV

Enlivex Therapeutics

$17.50

1.61 (10.13%)

07:35
06/18/19
06/18
07:35
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07:35
Hot Stocks
Enlivex Therapeutics granted patent in Australia for ALLOCETRA treatment »

Enlivex Therapeutics…

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URBN

Urban Outfitters

$24.07

0.22 (0.92%)

, ALLY

Ally Financial

$29.38

0.16 (0.55%)

07:35
06/18/19
06/18
07:35
06/18/19
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

URBN

Urban Outfitters

$24.07

0.22 (0.92%)

ALLY

Ally Financial

$29.38

0.16 (0.55%)

CNQ

Canadian Natural

$26.92

0.4 (1.51%)

03/08/13
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  • 18

    Jul

  • 01

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  • 06

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  • 20

    Aug

07:35
06/18/19
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07:35
General news
Treasury Market Outlook: bond yields are sharply lower and equities are firmer »

Treasury Market Outlook:…

DGLY

Digital Ally

$2.89

0.195 (7.25%)

, AAXN

Axon

$68.15

-2.54 (-3.59%)

07:33
06/18/19
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Hot Stocks
Digital Ally plans to appeal Court of Kansas ruling in litigation with Axon »

Digital Ally (DGLY)…

DGLY

Digital Ally

$2.89

0.195 (7.25%)

AAXN

Axon

$68.15

-2.54 (-3.59%)

03/08/13
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  • 20

    Jun

AAXN

Axon

$68.15

-2.54 (-3.59%)

07:32
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Hot Stocks
Court dismissed infringement case against Axon »

Axon announced that the…

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  • 20

    Jun

ERJ

Embraer

$19.15

-0.06 (-0.31%)

07:31
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Embraer sees world demand for 10,550 new aircraft over next 20 years »

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FRPT

Freshpet

$48.30

0.65 (1.36%)

07:30
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07:30
Downgrade
Freshpet rating change  »

Freshpet downgraded to…

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  • 18

    Jun

ATVI

Activision Blizzard

$45.06

-0.55 (-1.21%)

, CNX

CNX Resources

$7.26

0.15 (2.11%)

07:30
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Options
Unusual put flow in option market yesterday »

Notable put activity was…

ATVI

Activision Blizzard

$45.06

-0.55 (-1.21%)

CNX

CNX Resources

$7.26

0.15 (2.11%)

STNG

Scorpio Tankers

$25.35

-0.075 (-0.30%)

ERF

Enerplus

$7.00

0.44 (6.71%)

03/08/13
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03/06/13
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  • 19

    Jun

  • 20

    Jun

TAST

Carrols Restaurant

$8.44

-0.07 (-0.82%)

07:28
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07:28
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Conference/Events
Carrols Restaurant management to meet with Stephens »

Two Days of Meetings to…

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  • 19

    Jun

  • 20

    Jun

  • 13

    Nov

TBIO

Translate Bio

$10.08

0.06 (0.60%)

, SNY

Sanofi

$42.65

0.19 (0.45%)

07:28
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Initiation
Translate Bio, Sanofi initiated  »

Translate Bio initiated…

TBIO

Translate Bio

$10.08

0.06 (0.60%)

SNY

Sanofi

$42.65

0.19 (0.45%)

03/08/13
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03/06/13
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  • 18

    Jun

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    Jun

  • 16

    Sep

DCPH

Deciphera

$23.07

1.56 (7.25%)

07:25
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06/18
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Conference/Events
Deciphera to host conference call »

Conference call to…

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  • 18

    Jun

VTR

Ventas

$68.61

1.83 (2.74%)

07:25
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06/18
07:25
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07:25
Conference/Events
Ventas to host investor day »

Investor day to be held…

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  • 18

    Jun

MIXT

MiX Telematics

$15.56

0.11 (0.71%)

07:24
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06/18
07:24
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07:24
Conference/Events
MiX Telematics management to meet with William Blair »

Group Luncheon Meeting…

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  • 19

    Jun

BA

Boeing

$354.90

7.71 (2.22%)

, AL

Air Lease

$38.66

-0.185 (-0.48%)

07:23
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06/18
07:23
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07:23
Hot Stocks
Boeing, Air Lease announce commitment for five 787-9 Dreamliners »

Boeing (BA) and Air Lease…

BA

Boeing

$354.90

7.71 (2.22%)

AL

Air Lease

$38.66

-0.185 (-0.48%)

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  • 09

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