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MO

Altria Group

$48.80

0.31 (0.64%)

, BTI

British American Tobacco

$35.76

0.56 (1.59%)

17:25
06/25/19
06/25
17:25
06/25/19
17:25

San Francisco votes to ban sale of e-cigarettes, AP reports

San Francisco, California has become the first major city in the U.S. to ban the sale of e-cigarettes after supervisors gave the bill its second and final vote, the Associated Press reports. Supporters of the measure say they hope the legislation will curb underage use of e-cigarettes, though critics claim the ban will make it harder for adults to purchase an alternative to regular cigarettes, the report says. Publicly traded companies in the space include Altria Group (MO), British American Tobacco (BTI) and Philip Morris (PM). Reference Link

MO

Altria Group

$48.80

0.31 (0.64%)

BTI

British American Tobacco

$35.76

0.56 (1.59%)

PM

Philip Morris

$78.85

1.02 (1.31%)

MO Altria Group
$48.80

0.31 (0.64%)

05/28/19
SBSH
05/28/19
NO CHANGE
SBSH
Cigarette data from Nielsen 'dire,' industry data also 'very bad,' says Citi
Citi analyst Adam Spielman noted that Nielsen reported earlier today that cigarette industry volumes fell 11.2% in the four weeks ended May 18, noting that shares of Altria (MO), British American Tobacco (BTI) and Imperial (IMBBY) all fell following the "dire" data. Volumes in MSAi, the industry database that he regards as much more reliable than Nielsen, were down 6.4% in the same period, which Spielman said "is still a very bad figure, but it is a lot, lot better than the Nielsen one." Looking ahead, the analyst said he expects "gradually less bad" volumes in Nielsen in the rest of the year, though he noted that Altria has said it expects industry volumes to fall about 4%-5% this year and he forecasts a decline of about 6%. In late afternoon trading, Altria shares are down 4.5%, British American has declined over 4% and Philip Morris (PM) is down 5%.
06/05/19
STFL
06/05/19
INITIATION
STFL
Hold
Cronos Group initiated with a Hold at Stifel
Stifel analyst W. Andrew Carter started Cronos Group with a Hold rating and C$18 price target. While the analyst sees Cronos as well positioned to compete in the Canadian adult-use market, he sees some potential downside given the "unbridled enthusiasm that has taken hold" following the investment by Altria (MO).
06/13/19
WELS
06/13/19
NO CHANGE
WELS
Outperform
Tobacco stocks to react favorably to Altria cigarette price increase, says Wells Fargo
Wells Fargo analyst Bonnie Lee Herzog says she just learned from her industry contacts that Altria Group/Philip Morris USA took a "surprise" cigarette list price increase that will be effective with shipments on or after June 16, several months earlier than Altria's typical practice of raising cigarette list prices every six months. Further, the analyst also learned from her retailer contacts that Altria has reduced certain promo allowances on some of its brands starting in July. Given the continued pressure on cigarette volumes, Herzog thinks this is a key reason Altria is being more aggressive with pricing in effort to offset volume declines/protect margins, and wouldn't be surprised if it took another increase in the fall or later this year. Overall, the analyst expects tobacco stocks will react favorably to this list price increase. She reiterates an Overweight rating on the tobacco sector and on Altria's stock.
06/21/19
06/21/19
NO CHANGE

Former FDA head sees difficulty in JUUL getting PMTA approval, says Cowen
Cowen analyst Vivien Azer wrote in a note titled "Gottlieb: Out of FDA, Not Out of Opinions" that former FDA Commissioner Scott Gottlieb commented that he believes it will be difficult for JUUL to get PMTA approval, which has put vapor exposed stocks under pressure. Azer said that Altria (MO) has direct exposure as it has a 35% stake in JUUL, and Greenlane Holdings (GNLN) also has exposure as JUUL accounted for 36% of its sales in 2018. However, the analyst noted that JUUL is "already grand-fathered into the market today, given it was marketed prior to August 2016." Also, JUUL has been "among the most proactive participants in the market, having gone further than the FDA has contemplated in terms of addressing youth access." Azer has a Market Perform rating on Altria, and an Outperform rating on Greenlane.
BTI British American Tobacco
$35.76

0.56 (1.59%)

03/28/19
SBSH
03/28/19
UPGRADE
SBSH
Buy
British American Tobacco upgraded to Buy from Neutral at Citi
Citi analyst Adam Spielman upgraded British American Tobacco (BTI) to Buy from Neutral and raised his price target for the shares to GBP 36 from GBP 30. The analyst believes organic revenue growth for tobacco companies will pick up this year as sales of next generation products accelerate. Further, the regulatory threat will probably move away from cigarettes, Spielman tells investors in a research note. He thinks an even greater focus on e-vapor cigarettes could be positive for both British American Tobacco and Imperial Brands (IMBYY).
05/23/19
LEHM
05/23/19
UPGRADE
Target $82
LEHM
Equal Weight
Barclays upgrades Philip Morris to Equal Weight, boosts target to $82
Barclays analyst Gaurav Jain upgraded Philip Morris to Equal Weight from Underweight and raised his price target for the shares to $82 from $67. Unlike British American Tobacco (BTI), Philip Morris' Canadian subsidiary value is more than the value of the liability, Jain tells investors in a research note. The analyst expects Philip Morris will continue to trade at a premium valuation to peers given its higher exposure to reduced risk products, higher return on invested capital, better management and stronger brands.
06/17/19
MSCO
06/17/19
DOWNGRADE
MSCO
Underweight
British American Tobacco downgraded to Underweight at Morgan Stanley
PM Philip Morris
$78.85

1.02 (1.31%)

05/23/19
05/23/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Overweight from Neutral at JPMorgan with analyst Christopher Horvers saying he believes the shares are undervalued and he sees potential upside to consensus estimates. 2. Philip Morris (PM) upgraded to Equal Weight from Underweight at Barclays with analyst Gaurav Jain saying unlike British American Tobacco (BTI), Philip Morris' Canadian subsidiary value is more than the value of the liability. 3. Booking Holdings (BKNG) upgraded to Buy from Neutral at Citi saying Booking's valuation, following the stock's underperformance this year, now better reflects the business slowdown it faces and is attractive on a cash flow basis. 4. Vertex (VRTX) assumed with a Buy from Neutral at Goldman Sachs with analyst Salveen Richter saying he believes the likely approval of the triple combination regimen in 2020 will extend Vertex's cystic fibrosis opportunity to ~90% of the market. 5. Ferrari (RACE) upgraded to Outperform from In Line at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/19/19
WELS
06/19/19
NO CHANGE
Target $100
WELS
Outperform
Philip Morris recent selloff 'unjustified,' says Wells Fargo
Wells Fargo analyst Bonnie Herzog reiterates her bullish call on Philip Morris and believes the recent selloff in the stock is "unjustified." The analyst sees this as an opportunity for long-term investors to enter or build positions in what she believes is one of the "most attractive CPG stocks" in terms of growth prospects and yield characteristics. Herzog reiterates an Outperform rating and $100 price target on the shares.

TODAY'S FREE FLY STORIES

PFBC

Preferred Bank

$50.71

1.27 (2.57%)

09:13
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BOCH

Bank of Commerce Holdings

$10.52

0.05 (0.48%)

09:13
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Earnings
Bank of Commerce Holdings reports Q2 EPS 22c, two est. 23c »

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UIHC

United Insurance

$13.60

-0.26 (-1.88%)

09:12
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United Insurance expects approximately $16M in catastrophe losses in Q2 »

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BA

Boeing

$361.17

-8.28 (-2.24%)

, MSFT

Microsoft

$136.29

0.06 (0.04%)

09:09
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Fly Intel: Pre-market Movers »

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BA

Boeing

$361.17

-8.28 (-2.24%)

MSFT

Microsoft

$136.29

0.06 (0.04%)

BUD

AB InBev

$89.38

0.96 (1.09%)

AXP

American Express

$128.40

1.355 (1.07%)

ALV

Autoliv

$69.88

0.04 (0.06%)

KSU

Kansas City Southern

$118.03

1.22 (1.04%)

MIK

Michaels

$8.37

-0.53 (-5.96%)

MAN

ManpowerGroup

$90.30

0.82 (0.92%)

IFRX

InflaRx

$3.12

0.05 (1.63%)

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FNV

Franco-Nevada

$89.61

2.02 (2.31%)

09:08
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07/19
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Franco-Nevada initiates ATM equity program fo up to $200M »

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FLWPF

Flowr

$0.00

(0.00%)

09:08
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07/19
09:08
07/19/19
09:08
Syndicate
Flowr withdraws equity offering due to market conditions »

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  • 19

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RRC

Range Resources

$5.14

-0.09 (-1.72%)

09:07
07/19/19
07/19
09:07
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Hot Stocks
Range Resources announces assets sales to total $634M »

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FNV

Franco-Nevada

$89.61

2.02 (2.31%)

, RRC

Range Resources

$5.14

-0.09 (-1.72%)

09:07
07/19/19
07/19
09:07
07/19/19
09:07
Hot Stocks
Franco-Nevada acquires Marcellus Shale interest from Range Resources for $300M »

Franco-Nevada (FNV) has…

FNV

Franco-Nevada

$89.61

2.02 (2.31%)

RRC

Range Resources

$5.14

-0.09 (-1.72%)

03/08/13
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  • 26

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DISH

Dish

$40.82

-0.04 (-0.10%)

09:06
07/19/19
07/19
09:06
07/19/19
09:06
Hot Stocks
Dish names Kannan Alagappan as Chief Technology Officer »

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ACU

Acme United

$19.95

0.45 (2.31%)

09:05
07/19/19
07/19
09:05
07/19/19
09:05
Earnings
Acme United backs FY19 EPS guidance $1.41-$1.50, two est. $1.46 »

CEO Walter Johnsen said,…

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  • 19

    Jul

ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

09:04
07/19/19
07/19
09:04
07/19/19
09:04
Recommendations
Intuitive Surgical analyst commentary  »

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  • 26

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WNS

WNS Holdings

$62.34

3.8 (6.49%)

09:03
07/19/19
07/19
09:03
07/19/19
09:03
Recommendations
WNS Holdings analyst commentary  »

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  • 12

    Aug

ACU

Acme United

$19.95

0.45 (2.31%)

09:03
07/19/19
07/19
09:03
07/19/19
09:03
Earnings
Acme United reports Q2 EPS 77c, two est. 75c »

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  • 19

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NVR

NVR

$3,486.00

-20.17 (-0.58%)

09:01
07/19/19
07/19
09:01
07/19/19
09:01
Earnings
NVR reports Q2 EPS $53.09, consensus $44.82 »

Reports Q2 revenue $1.8B,…

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  • 20

    Aug

UBER

Uber

$43.70

0.08 (0.18%)

09:00
07/19/19
07/19
09:00
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09:00
Periodicals
Uber raising prices on Jump dockless electric bikes, Business Insider reports »

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  • 08

    Aug

SKX

Skechers

$34.75

0.35 (1.02%)

08:59
07/19/19
07/19
08:59
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08:59
Upgrade
Skechers rating change  »

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SLB

Schlumberger

$38.78

0.15 (0.39%)

08:58
07/19/19
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08:58
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08:58
Hot Stocks
Breaking Hot Stocks news story on Schlumberger »

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SLB

Schlumberger

$38.78

0.15 (0.39%)

08:56
07/19/19
07/19
08:56
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08:56
Hot Stocks
Schlumberger says North America land 'remains a challenging environment' »

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  • 19

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UNP

Union Pacific

$174.15

10.1 (6.16%)

08:56
07/19/19
07/19
08:56
07/19/19
08:56
Recommendations
Union Pacific analyst commentary at Morgan Stanley »

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  • 26

    Aug

MSFT

Microsoft

$136.29

0.06 (0.04%)

, NFLX

Netflix

$325.14

-37.36 (-10.31%)

08:55
07/19/19
07/19
08:55
07/19/19
08:55
Options
Notable open interest changes for July 19th »

Thursday's total…

MSFT

Microsoft

$136.29

0.06 (0.04%)

NFLX

Netflix

$325.14

-37.36 (-10.31%)

CMCSA

Comcast

$44.56

0.13 (0.29%)

MNST

Monster Beverage

$64.96

-0.77 (-1.17%)

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NFLX

Netflix

$325.14

-37.36 (-10.31%)

, DIS

Disney

$141.62

-0.97 (-0.68%)

08:54
07/19/19
07/19
08:54
07/19/19
08:54
Recommendations
Netflix, Disney analyst commentary  »

Netflix sub losses are…

NFLX

Netflix

$325.14

-37.36 (-10.31%)

DIS

Disney

$141.62

-0.97 (-0.68%)

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DB

Deutsche Bank

$7.93

0.05 (0.63%)

08:47
07/19/19
07/19
08:47
07/19/19
08:47
Conference/Events
Deutsche Bank to hold a conference call »

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SPY

SPDR S&P 500 ETF Trust

$298.86

1.07 (0.36%)

, SPX

S&P 500

$0.00

(0.00%)

08:46
07/19/19
07/19
08:46
07/19/19
08:46
General news
Trump says Federal Reserve thought process 'faulty' »

President Donald Trump…

SPY

SPDR S&P 500 ETF Trust

$298.86

1.07 (0.36%)

SPX

S&P 500

$0.00

(0.00%)

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APHA

Aphria

$6.44

-0.12 (-1.83%)

, BZUN

Baozun

$50.05

0.05 (0.10%)

08:45
07/19/19
07/19
08:45
07/19/19
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

APHA

Aphria

$6.44

-0.12 (-1.83%)

BZUN

Baozun

$50.05

0.05 (0.10%)

CGC

Canopy Growth

$35.79

-0.78 (-2.13%)

UBER

Uber

$43.70

0.08 (0.18%)

PETS

PetMed Express

$16.27

-0.68 (-4.01%)

LK

Luckin Coffee

$19.96

0.46 (2.36%)

ESTC

Elastic

$97.78

1.82 (1.90%)

TECK

Teck Resources

$22.01

-0.21 (-0.95%)

DUST

Direxion Daily Gold Miners Bear 3X ETF

$8.06

-1.2 (-12.96%)

DDS

Dillard's

$64.05

-0.3 (-0.47%)

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YGYI

Youngevity

$4.97

-0.22 (-4.24%)

08:40
07/19/19
07/19
08:40
07/19/19
08:40
Hot Stocks
Youngevity's Khrysos Industries closes $19M supply agreement »

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