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HEXO

HEXO Corp

$5.50

-0.095 (-1.70%)

, TAP

Molson Coors

$53.66

-0.34 (-0.63%)

16:51
06/17/19
06/17
16:51
06/17/19
16:51

HEXO and Molson plan cannabis-infused drinks by December, Bloomberg says

HEXO (HEXO) is partnering with Molson Coors (TAP) to start selling multiple types of pot beverages on Canadian shelves the first day they can be legally sold, though they won't contain alchohol, Bloomberg's Kristine Owram reports. The joint venture, known as Truss, will have "lots of different beverages" for sale on December 16, when the beverages will become legal in Canada, Owram reports, citing Jay McMillan, HEXO's VP of strategic development. Reference Link

HEXO

HEXO Corp

$5.50

-0.095 (-1.70%)

TAP

Molson Coors

$53.66

-0.34 (-0.63%)

  • 18

    Jun

  • 31

    Jul

HEXO HEXO Corp
$5.50

-0.095 (-1.70%)

04/17/19
04/17/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Organogenesis (ORGO) initiated with an Outperform at Oppenheimer. 2. Teladoc (TDOC) initiated with an Overweight at Stephens. 3. Solar Capital (SLRC) initiated with an Outperform at Raymond James. 4. Principia Biopharma (PRNB) initiated with a Buy at Stifel. 5. Aurora Cannabis (ACB), HEXO Corp (HEXO), Canopy Growth (CGC), and Performance Food Group (PFGC) initiated with a Buy at BofA/Merrill while Cronos Group (CRON) was initiated with an Underperform at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/25/19
DESJ
04/25/19
INITIATION
DESJ
Buy
HEXO Corp initiated with a Buy at Desjardins
04/25/19
DESJ
04/25/19
INITIATION
DESJ
Buy
Desjardins initiates HEXO Corp, Canopy Growth, Aurora Cannabis with a Buy
Desjardins analyst John Chu initiated HEXO Corp (HEXO), Canopy Growth (CGC), and Aurora Cannabis (ACB) with a Buy rating and respective price targets of C$14, C$74, and C$16.50 as part of a broad research note, saying the "hype" around legalization of adult-use cannabis in Canada remains strong in spite of "underwhelming" early months of sales. The analyst attributes the challenges to ramp-up, logistical and distribution issues, but expects investors to consider the opportunity as a "global" one. Chu believes that "major" consumer packaged goods companies like Constellation (STZ), InBev (BUD), and Altria (MO), as well as retailers like Walgreens (WBA), CVS (CVS), and Rite Aid (RAD) should "help push cannabis and hemp into the mainstream."
06/14/19
CIBC
06/14/19
DOWNGRADE
CIBC
Neutral
HEXO Corp downgraded to Neutral from Outperformer at CIBC
CIBC analyst John Zamparo downgraded HEXO Corp to Neutral from Outperformer, stating that the company's FY20 revenue guidance of $400M depends on a smooth industry launch of derivative products, which he thinks is in doubt. He lowered his price target on HEXO shares to C$8.50 from C$9.50.
TAP Molson Coors
$53.66

-0.34 (-0.63%)

02/13/19
BMOC
02/13/19
NO CHANGE
Target $80
BMOC
Outperform
Molson Coors price target lowered to $80 from $85 at BMO Capital
BMO Capital analyst Amit Sharma lowered his price target on Molson Coors to $80 after its "mixed" Q4 performance with lower than expected volumes and free cash cash flows. The analyst also keeps his Outperform rating and believes that investors who punished the stock by nearly 10% yesterday may be "missing an opportunity". Sharma cites Molson Coors benefiting from the potential encouraging improvement in US beer trends, return to market share gains, solid performance in Europe, and demonstrated ability to produce at least flat free cash flows even with depressed volumes.
02/25/19
JEFF
02/25/19
INITIATION
JEFF
Underperform
HEXO Corp 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 HEXO Corp. with an Underperform rating and C$5.60 price target, stating that he thinks the market "has taken the Molson deal as something more indicative of a stronger business than it is." Hexo "has a robust medical base but seems ill prepared for solo success beyond that," Bennett tells investors.
04/09/19
OTRG
04/09/19
NO CHANGE
OTRG
Molson Coors supply issues continue, says OTR Global
OTR Global's checks indicate Molson Coors continue to experience regional supply issues resulting from the conversion of its Milwaukee brewery to the DRIVE supply chain system, and a delay in the conversion of its Albany, GA brewery.
06/10/19
FBCO
06/10/19
INITIATION
Target $50
FBCO
Underperform
Molson Coors initiated with an Underperform at Credit Suisse
Credit Suisse analyst Kaumil Gajrawala started coverage of Molson Coors with an Underperform rating and $50 price target. Due to the $12B consolidation of the U.S. business in 2016, short, medium and long-term shareholder value creation will be determined by the success or failure of the U.S. operation, he contends. This business comprises 75% of EBIT and the analyst is skeptical it will improve.

TODAY'S FREE FLY STORIES

EBAY

eBay

$39.03

-0.87 (-2.18%)

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  • 17

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EBAY

eBay

$39.03

-0.87 (-2.18%)

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eBay grew active buyers by 4% across its platforms in Q2 »

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  • 17

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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SYY

Sysco

$71.75

-0.865 (-1.19%)

16:19
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  • 12

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CCI

Crown Castle

$131.60

-1.08 (-0.81%)

16:19
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Earnings
Crown Castle reports Q2 EPS 52c, consensus 41c »

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  • 18

    Jul

TSC

TriState Capital

$19.71

-0.31 (-1.55%)

16:19
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Earnings
TriState Capital reports Q2 EPS 47c, consensus 45c »

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  • 18

    Jul

  • 23

    Sep

PLXS

Plexus

$59.86

-1.6 (-2.60%)

16:19
07/17/19
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16:19
07/17/19
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Earnings
Plexus sees Q4 EPS 81c-91c, consensus 96c »

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  • 18

    Jul

EBAY

eBay

$39.03

-0.87 (-2.18%)

16:19
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07/17
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07/17/19
16:19
Earnings
eBay raises FY19 adjusted EPS view to $2.70-$2.75 from $2.64-$2.70 »

Consensus $2.69. Lowers…

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  • 17

    Jul

UMPQ

Umpqua Holdings

$16.48

-0.24 (-1.44%)

16:18
07/17/19
07/17
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07/17/19
16:18
Earnings
Umpqua Holdings reports Q2 EPS 51c, consensus 38c »

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  • 18

    Jul

PLXS

Plexus

$59.86

-1.6 (-2.60%)

16:17
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16:17
Earnings
Plexus reports Q3 EPS 81c, consensus 81c »

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  • 18

    Jul

URI

United Rentals

$131.55

-6.05 (-4.40%)

16:17
07/17/19
07/17
16:17
07/17/19
16:17
Earnings
United Rentals narrows FY19 revenue view to $9.15B-$9.45B from $9.15B-$9.55B »

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  • 18

    Jul

EBAY

eBay

$39.03

-0.87 (-2.18%)

16:17
07/17/19
07/17
16:17
07/17/19
16:17
Earnings
eBay raises FY19 adjusted EPS view to $2.70-$2.75 from $2.64-$2.70 

FY19 consensus $2.69.

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  • 17

    Jul

FNLC

The First Bancorp

$25.51

-0.43 (-1.66%)

16:17
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Earnings
The First Bancorp reports Q2 EPS 59c vs. 53c last year »

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FFG

FBL Financial

$63.86

-0.08 (-0.13%)

, VOYA

Voya Financial

$56.09

-0.785 (-1.38%)

16:17
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FBL Financial names Kelli Eddy COO »

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FFG

FBL Financial

$63.86

-0.08 (-0.13%)

VOYA

Voya Financial

$56.09

-0.785 (-1.38%)

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  • 02

    Aug

  • 07

    Aug

EGBN

Eagle Bancorp

$53.43

-1.07 (-1.96%)

16:17
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Earnings
Eagle Bancorp reports Q2 EPS $1.08, consensus $1.12 »

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  • 18

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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NASDAQ market internals summary »

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IBM

IBM

$143.07

-0.47 (-0.33%)

16:16
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Earnings
IBM reports Q2 gross margin up 100 basis points »

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  • 17

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URI

United Rentals

$131.55

-6.05 (-4.40%)

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Earnings
United Rentals reports Q2 EPS $4.74, consensus $4.46 »

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  • 18

    Jul

EBAY

eBay

$39.03

-0.87 (-2.18%)

16:16
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Earnings
eBay sees Q3 adjusted EPS 62c-65c, consensus 63c »

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  • 17

    Jul

$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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Technical Analysis
NYSE market internals summary »

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EBAY

eBay

$39.03

-0.87 (-2.18%)

16:15
07/17/19
07/17
16:15
07/17/19
16:15
Earnings
eBay reports Q2 adjusted EPS 68c, consensus 62c »

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  • 17

    Jul

SLG

SL Green Realty

$81.26

-0.62 (-0.76%)

16:14
07/17/19
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Earnings
SL Green Realty reports Q2 FFO $1.82, consensus $1.73 »

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  • 18

    Jul

IBM

IBM

$142.98

-0.56 (-0.39%)

16:14
07/17/19
07/17
16:14
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Earnings
IBM backs FY19 adjusted EPS view of at least $13.90, consensus $13.90 »

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  • 17

    Jul

  • 18

    Jul

NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

16:14
07/17/19
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Earnings
New York Mortgage sees Q2 EPS 17c-19c, consensus 18c »

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NFLX

Netflix

$363.01

-2.71 (-0.74%)

16:13
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Hot Stocks
Netflix down 11% in afterhours after Q2 net subscriber adds miss forecast »

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  • 17

    Jul

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    Jul

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