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SON

Sonoco

$64.83

-0.58 (-0.89%)

07:13
07/12/19
07/12
07:13
07/12/19
07:13

Sonoco downgraded to Underperform at BofA/Merrill

As previously reported, BofA Merrill Lynch analyst George Staphos downgraded Sonoco to Underperform from Neutral, stating that he expects sluggish Q2 revenue trends in the packaging and paper space and he favors a strategy of being overweight the combination of rigid packaging and some "lower quality stocks" that could benefit from an uptick in emerging markets and trade deal sentiment. Sonoco has outperformed year-to-date, noted Staphos, who fears a reversal of the downtrend in old corrugated container prices that had boosted earnings in Paper & Industrial Converted Products.

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SON Sonoco
$64.83

-0.58 (-0.89%)

04/24/19
04/24/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Eli Lilly (LLY) upgraded to Buy from Hold at Edward Jones. 2. Snap (SNAP) upgraded to In Line from Underperform at Evercore ISI and to Neutral from Underweight at JPMorgan. 3. Best Buy (BBY) upgraded to Buy from Hold at Jefferies with analyst Jonathan Matuszewski saying survey and data work suggest Best Buy's greater push toward services will drive long-term value and customer wallet share. 4. Procter & Gamble (PG) upgraded to Overweight from Equal Weight at Barclays with analyst Lauren Lieberman saying the market is shrugging off Procter & Gamble's 5% organic sales growth in its fiscal Q3, with many investors thinking this is the best it can get. 5. Sonoco (SON) upgraded to Buy from Hold at Argus with analyst David Coleman saying the stock has outperformed over the past 3 months, benefiting from its "accretive acquisitions, favorable pricing, improvements in productivity, and a lower effective tax rate." This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/24/19
GSCO
06/24/19
DOWNGRADE
Target $59
GSCO
Sell
Sonoco downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Brian Maguire downgraded Sonoco to Sell from Neutral following the stock's 23% year-to-date advance, citing valuation given the downside he sees to his unchanged price target of $59. While he acknowledges Sonoco's positive defensive attributes, Maguire thinks the premium currently ascribed is likely unsustainable, he tells investors.
06/24/19
06/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Sonoco (SON) downgraded to Sell from Neutral at Goldman Sachs with analyst Brian Maguire citing valuation. 2. Occidental Petroleum (OXY) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Devin McDermott saying he believes covering the 2020 dividend at current oil prices will require meaningful capital expenditure cuts, even though the Anadarko (APC) deal looks accretive to cash flow. 3. International Paper (IP) downgraded to Equal Weight from Overweight at Stephens with analyst Mark Connelly saying RISI decided to cut the price of containerboard $10 "just three days after investors breathed a sigh of relief on encouraging supply-demand fundamentals." 4. Shopify (SHOP) downgraded to Neutral from Buy at Roth Capital with analyst Darren Aftahi saying he remains positive on its underlying business prospects following the company's Unite conference and investor day but not on the stock's valuation, which has increased in the wake of the event. 5. Spotify (SPOT) downgraded to Underperform from In Line at Evercore ISI with analyst Kevin Rippey saying the recent rally in the stock "reflects an overly optimistic view" on the company's gross margin path and potential label negotiation outcomes. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/12/19
BOFA
07/12/19
DOWNGRADE
BOFA
Underperform
Sonoco downgraded to Underperform from Neutral at BofA/Merrill

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CMG

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BYND

Beyond Meat

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NFLX

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AMZN

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AMZN

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AMZN

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-13.57 (-0.69%)

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0.33 (0.24%)

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MSFT

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ORCL

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AZN

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BMY

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LLY

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GSK

GlaxoSmithKline

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JNJ

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MRK

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PFE

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RHHBY

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SNY

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BHVN

Biohaven Pharmaceutical

$44.16

-0.61 (-1.36%)

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  • 09

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CE

Celanese

$107.01

0.9 (0.85%)

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  • 23

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F

Ford

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RTN

Raytheon

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UTX

United Technologies

$132.37

1.08 (0.82%)

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  • 23

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LMT

Lockheed Martin

$356.90

0.675 (0.19%)

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  • 23

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ARES

Ares Management

$28.13

-0.305 (-1.07%)

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HAFC

Hanmi Financial

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  • 23

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PAYS

Paysign

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-0.48 (-2.67%)

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MEOH

Methanex

$43.19

0.83 (1.96%)

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Conference/Events
Credit Suisse biotech analysts to hold an analyst/industry conference call »

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SHIP

Seanergy Marine

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SONM

Sonim

$13.42

0.24 (1.82%)

16:41
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Sonim management to meet with Oppenheimer »

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KINS

Kingstone Companies

$8.81

0.09 (1.03%)

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Options
Preliminary option volume of 22.6M today »

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BA

Boeing

$377.34

16.17 (4.48%)

, MSFT

Microsoft

$136.62

0.33 (0.24%)

16:24
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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

-0.77 (-0.67%)

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

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CHWY

Chewy

$30.70

-2.09 (-6.37%)

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