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CRON

Cronos Group

$15.08

-0.19 (-1.24%)

, MDLZ

Mondelez

$55.43

-0.08 (-0.14%)

07:33
07/09/19
07/09
07:33
07/09/19
07:33

Cronos Group appoints Todd Abraham as chief innovation officer

Cronos Group (CRON) announced that Dr. Todd Abraham has been appointed as the company's chief innovation officer. In this role, Abraham will be responsible for advancing Cronos Group's research and development initiatives in cannabinoids with a focus on identifying new disruptive technologies and adopting best practices and innovations from adjacent consumer goods industries. Abraham will report to Cronos Group CEO Mike Gorenstein. He joins the Company after 17 years with Mondelez International (MDLZ), where he most recently served as SVP, Research and Nutrition and VP, Global Research and Technology Strategy.

CRON

Cronos Group

$15.08

-0.19 (-1.24%)

MDLZ

Mondelez

$55.43

-0.08 (-0.14%)

  • 08

    Aug

CRON Cronos Group
$15.08

-0.19 (-1.24%)

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).
06/05/19
STFL
06/05/19
INITIATION
STFL
Stifel initiates coverage of Canadian cannabis companies
Stifel analyst W. Andrew Carter initiated coverage of Canopy Growth (CGC) with a Buy rating and C$55 price target, Aurora Cannabis (ACB) with a Hold rating and C$10 price target, Cronos Group (CRON) with a Hold rating and C$18 price target, and Tilray (TLRY) with a Hold rating and $37 price target. The analyst is bullish on the growth prospects for the cannabis industry, especially through the Canadian Licensed Producers, or LPs. Carter sees these four companies as holding a lead in the legal Canadian market, and believes they represent the "best investable opportunities in a global cannabis industry" that the firm sees reaching $200B in value. The analyst calls Canopy Growth the best opportunity, citing "definitive category leadership, C$4B cash on hand offering significant optionality, and the best position to attack the $100B U.S. opportunity."
06/10/19
PIPR
06/10/19
NO CHANGE
PIPR
Cannabis regulation could become top 2020 election issue, says Piper Jaffray
After Washington D.C. lobbyist Michael Esposito, who also works closely with President Trump's administration, spoke at his firm's conference, Piper Jaffray analyst Michael Lavery believes cannabis regulation could become a top 2020 election issue. By supporting cannabis, Trump may be able to incrementally broaden his appeal with swing voters without alienating his base, Esposito tells investors in a research note. Though Trump has indicated his willingness to support the STATES Act, his enthusiasm could depend on whether or not Elizabeth Warren, author of the bill, is his opponent, adds the analyst in a note titled "Handicapping US Legalization Outlook: Politics Are Complicated." And while Senate Majority Leader Mitch McConnell is a roadblock for legislation in the Senate, Trump could use executive orders between now and the election to show support for the industry, potentially relating to cannabis banking or medical research, says Lavery. The analyst has Overweight ratings on both Canopy Growth (CGC) and Tilray (TLRY). Other names in the space include Aphria (APHA), Aurora Cannabis (ACB), CV Sciences (CVSI), CannTrust Holdings (CNTTF), Cronos Group (CRON), General Cannabis (CANN), India Globalization Capital (IGC), MediPharm Labs (MLCPF) and Zynerba (ZYNE).
06/28/19
CEDG
06/28/19
INITIATION
Target $21
CEDG
Equal Weight
Cronos Group initiated with an Equal Weight at Consumer Edge
Consumer Edge initiated Cronos Group with an Equal Weight and $21 price target.
MDLZ Mondelez
$55.43

-0.08 (-0.14%)

01/24/19
01/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mondelez (MDLZ) downgraded to Hold from Buy at Berenberg. 2. Aratana (PETX) downgraded to Market Perform from Outperform at William Blair with analyst John Kreger saying in the last month the company disclosed two senior leadership departures while its activist investor disclosed a significant reduction in ownership. 3. Weibo (WB) downgraded to Hold from Buy at Jefferies with analyst Karen Chan saying Weibo remains an "irreplaceable" social media platform in China and mobile game approval resumption could be a catalyst, but the macro impact on handset, auto and entertainment could weigh on the company's overall advertising growth. 4. Mindbody (MB) downgraded to Market Perform from Outperform at JMP Securities with analyst Patrick Walravens citing the expiration of the 30-day go-shop period contained in the merger agreement with Vista Equity Partners. At this point, he thinks it seems unlikely that Mindbody will receive a superior proposal. 5. Canada Goose (GOOS) downgraded to Market Perform from Outperform at Wells Fargo with analyst Ike Boruchow saying while he remains confident on the trajectory of the Canada Goose brand and the fundamental story that has developed since their IPO in 2017, he feels the risk/reward is not as compelling as it once was. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/15/19
UBSW
04/15/19
NO CHANGE
Target $56
UBSW
Buy
Mondelez price target raised to $56 from $51 at UBS
UBS analyst Steven Strycula raised his price target on Mondelez (MDLZ) to $56 and kept his Buy rating, saying that while the stock has already outperformed the broader Consumer Staples ETF (XLP) by 14pts year-to-date, it can "rerate" further "if global organic sales trends grow over 2.5% and FY19 operating margin targets prove conservative." The analyst notes that while growth in U.S. food is scarce, he believes that Mondelez's relative price-to-earnings valuation can expand thanks to "relative sales outperformance and a pullback in rates."
05/01/19
FBCO
05/01/19
NO CHANGE
Target $59
FBCO
Outperform
Mondelez price target raised to $59 from $50 at Credit Suisse
Credit Suisse analyst Robert Moskow raised his price target for Mondelez to $59 from $50 after the company reported a high-quality Q1 EPS beat. The analyst reiterates an Outperform rating on the shares.
06/11/19
EVER
06/11/19
INITIATION
Target $62
EVER
Outperform
Mondelez initiated with an Outperform at Evercore ISI
Evercore ISI analyst David Palmer started Mondelez with an Outperform rating and $62 price target.

TODAY'S FREE FLY STORIES

BHVN

Biohaven Pharmaceutical

$44.16

-0.61 (-1.36%)

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  • 09

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CE

Celanese

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  • 23

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F

Ford

$10.20

-0.06 (-0.58%)

17:48
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Periodicals
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RTN

Raytheon

$178.55

2.45 (1.39%)

17:48
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  • 25

    Jul

UTX

United Technologies

$132.37

1.08 (0.82%)

17:44
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Hot Stocks
United Technologies awarded $253.71M Air Force contract »

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  • 23

    Jul

LMT

Lockheed Martin

$356.90

0.675 (0.19%)

17:40
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  • 23

    Jul

ARES

Ares Management

$28.13

-0.305 (-1.07%)

17:33
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17:33
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17:33
Syndicate
Breaking Syndicate news story on Ares Management »

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  • 31

    Jul

  • 06

    Aug

HAFC

Hanmi Financial

$21.68

-0.105 (-0.48%)

17:33
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Hanmi Financial to delay release of Q2 results »

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  • 23

    Jul

PAYS

Paysign

$17.49

-0.48 (-2.67%)

17:32
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Breaking Syndicate news story on Paysign »

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MEOH

Methanex

$43.19

0.83 (1.96%)

17:28
07/19/19
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Hot Stocks
Methanex reaches final investment decision on methanol plant in Geismar, LA »

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  • 01

    Aug

17:17
07/19/19
07/19
17:17
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17:17
Conference/Events
Credit Suisse biotech analysts to hold an analyst/industry conference call »

Biotech Analysts provide…

17:14
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Conference/Events
UBS retail/hardlines analyst to hold an analyst/industry conference call »

Retail/Hardlines Analyst…

SHIP

Seanergy Marine

$0.64

-0.0425 (-6.25%)

17:05
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Seanergy Maritime receives noncompliance notice from Nasdaq »

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SONM

Sonim

$13.42

0.24 (1.82%)

16:41
07/19/19
07/19
16:41
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16:41
Conference/Events
Sonim management to meet with Oppenheimer »

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  • 24

    Jul

  • 25

    Jul

  • 26

    Jul

  • 12

    Sep

KINS

Kingstone Companies

$8.81

0.09 (1.03%)

16:30
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Hot Stocks
Kingstone names Barry Goldstein CEO »

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  • 07

    Aug

  • 09

    Aug

16:30
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Options
Preliminary option volume of 22.6M today »

Preliminary option volume…

BA

Boeing

$377.34

16.17 (4.48%)

, MSFT

Microsoft

$136.62

0.33 (0.24%)

16:24
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07/19
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16:24
On The Fly
Fly Intel: Wall Street's top stories for Friday »

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BA

Boeing

$377.34

16.17 (4.48%)

MSFT

Microsoft

$136.62

0.33 (0.24%)

AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

AAPL

Apple

$202.62

-3.02 (-1.47%)

WMT

Walmart

$113.91

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DIS

Disney

$139.86

-1.76 (-1.24%)

GCI

Gannett

$9.43

1.53 (19.37%)

CRWD

Crowdstrike

$83.50

10.75 (14.78%)

SKX

Skechers

$39.00

4.25 (12.23%)

PACB

Pacific Biosciences

$5.34

-0.53 (-9.03%)

ILMN

Illumina

$293.10

-5.44 (-1.82%)

CHWY

Chewy

$30.70

-2.09 (-6.37%)

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  • 24

    Jul

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    Jul

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    Aug

  • 06

    Aug

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    Aug

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    Aug

  • 15

    Aug

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    Sep

  • 25

    Sep

  • 13

    Nov

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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Technical Analysis
NASDAQ market internals summary »

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BCBP

BCB Bancorp

$12.71

-0.09 (-0.70%)

16:17
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Earnings
BCB Bancorp reports Q2 EPS 30c, consensus 30c »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
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Technical Analysis
NYSE market internals summary »

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CNXM

CNX Midstream Partners

$14.30

-0.205 (-1.41%)

16:16
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Hot Stocks
CNX Midstream Partners raises quarterly distribution 3.6% to 38.65c per unit »

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  • 30

    Jul

TELL

Tellurian

$7.25

0.22 (3.13%)

16:16
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16:15
07/19/19
07/19
16:15
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General news
Breaking General news story  »

Boston Federal Reserve…

ROKU

Roku

$106.83

-2.18 (-2.00%)

16:13
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Conference/Events
Roku management to meet with Oppenheimer »

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  • 22

    Jul

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    Aug

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