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BTI

British American Tobacco

$36.57

0.07 (0.19%)

, MO

Altria Group

$41.24

1.13 (2.82%)

13:19
09/20/19
09/20
13:19
09/20/19
13:19

BTI says product, to its knowledge, not involved in vaping deaths

British American Tobacco issued a statement "highlighting the need for robust and effective regulation of vapour products, following the recent tragic consumer cases reported in the media." Dr David O'Reilly, Director of Scientific Research at British American Tobacco, said: "As the world's second largest vapour company, providing high quality products to more than 9 million consumers worldwide, we take consumer safety very seriously. Quality and safety testing are a crucial part of the way we develop and manufacture our products and we scrutinise the ingredients we use in them. We are fully supportive of the efforts of the various government agencies in the US, Canada and around the world who are working to understand the exact cause of the recent tragic consumer cases. To the best of our knowledge, no product developed or manufactured by BAT has been involved in these cases. However, these cases clearly demonstrate the need for robust and effective regulation which ensures high product standards, particularly with regard to the testing and reporting of the ingredients used in vaping liquids. Governments also need to ensure relevant authorities enforce manufacturer compliance with these regulations." Other names in the tobacco space include Altria Group (MO), Imperial Brands (IMBBY) and Philip Morris (PM). Reference Link

BTI

British American Tobacco

$36.57

0.07 (0.19%)

MO

Altria Group

$41.24

1.13 (2.82%)

PM

Philip Morris

$72.78

1.08 (1.51%)

IMBBY

Imperial Brands

$0.00

(0.00%)

  • 12

    Nov

BTI British American Tobacco
$36.57

0.07 (0.19%)

07/16/19
WELS
07/16/19
NO CHANGE
WELS
Wells says Nielsen restatement could be positive for Monster, tobacco stocks
Wells Fargo analyst Bonnie Herzog noted that Nielsen (NLSN) just announced that it will restate data to address serious issues with its calculation methodology in the convenience store channel related to projections it applied to independent c-stores. The restated data, to be released on August 20, is expected to improve cigarette and energy drink trends and she views this as a positive for tobacco stocks and Monster Beverage (MNST). Publicly traded companies in the tobacco space include Altria Group (MO), British American Tobacco (BTI) and Philip Morris (PM).
08/27/19
SBSH
08/27/19
NO CHANGE
SBSH
Citi sees no antitrust reason to stop Philip Morris, Altria deal
Citi analyst Adam Spielman is surprised by the merger talks between Philip Morris (MO) and Altria Group (MO) but feels the deal is likely to go ahead as he sees no antitrust reason to stop it. With the combined company likely a stronger competitor, the potential deal is not a positive for both British American Tobacco (BTI) and Imperial Brands (IMBBY), Spielman tells investors in a research note.
08/28/19
JPMS
08/28/19
NO CHANGE
JPMS
Neutral
Philip Morris selloff on Altria merger talks overdone, says JPMorgan
JPMorgan analyst Celine Pannuti views the selloff in shares of Philip Morris (PM) following confirmation of the company's merger talks with Altria Group (MO) as overdone. The deal leads to value accretion at no premium and U.S. regulatory risks are already embedded in the sector de-rating, Pannuti tells investors in a research note. The analyst also sees the weakness in British American Tobacco (BTI) shares as a buying opportunity. The consideration of a merger between Philip Morris and Altria is a vote of confidence in the U.S. combustibles profit pool, contrary to current market sentiment, says Pannuti. The analyst keeps a Neutral rating on Philip Morris with an $86 price target.
09/12/19
SBSH
09/12/19
NO CHANGE
SBSH
E-vapor regulation to hit Juul hard, 'odd time' for merger talks, says Citi
The Trump Administration said yesterday that it will "clear" the market of all non-tobacco flavored e-vapor products, including mint and menthol, Citi analyst Adam Spielman tells investors in a research note. The analyst had hoped the rules would have little impact on Juul as it has stopped supplying fruit flavors to physical stores. However, Trump's proposal is likely to hit Juul hard, as about three-quarter of its volume is in mint, says Spielman. Further, he believes at least half of British American Tobacco's (BTI) and IImperial Brands' (IMBBY) e-vapor volumes in the U.S. will be banned under the new definition. This all reinforces that this is an "odd time" for Philip Morris (PM) and Altria Group (MO) to be in merger talks, contends Spielman. The analyst, who doubts Trump's announcement will affect the talks between the companies, says the future of tobacco regulation in the U.S. is unclear currently. "We can only assume the companies have chosen to talk now because they are very confident about the outcomes. We, by contrast, see plenty of risk," writes Spielman.
MO Altria Group
$41.24

1.13 (2.82%)

09/12/19
JEFF
09/12/19
NO CHANGE
Target $71
JEFF
Hold
Jefferies lowers Philip Morris and Altria targets, sees little value in merger
Jefferies analyst Owen Bennett updated his estimates on Philip Morris (PM) and Altria Group (MO) post their results and his look at the possible merger in more detail. With a deal creating "little value in a best case scenario," the analyst thinks the merger "could also be a move driven to limit downside," with Juul possibly to be targeted by the FDA and/or the IQOS outlook globally not as strong as perceived. To reflect these risks, Bennett lowered his price target for Philip Morris to $71 from $82 and for Altria Group to $46 from $57. The analyst keeps Hold rating on both stocks.
09/18/19
SBSH
09/18/19
NO CHANGE
SBSH
Philip Morris, Altria Group merger getting more probable, says Citi
Citi analyst Adam Spielman believes a merger between Philip Morris (PM) and Altria Group (MO) is getting more probable. If shareholder pressure was going to cause the managements to cancel the deal talks, we probably would have heard by now, Spielman tells investors in a research note. Juul is unlikely to be a big part of the merger, so the crackdown on e-vapor flavors will not make much of a difference to the merger, adds the analyst. He believes that if there's a "plain vanilla merger," the emphasis will be on the potential profit from new products in the U.S. However, there are "significant weaknesses to this argument," says Spielman.
09/20/19
BOFA
09/20/19
NO CHANGE
Target $54
BOFA
Buy
BofA/Merrill reiterates Buy rating on Altria amid 'storm system of concerns'
Altria Group (MO) has lost $11.8B in market value, or nearly all of the $12.8B it invested in Juul in December, since August 23, noted BofA Merrill Lynch analyst Lisa Lewandowski. She acknowledges that there may be additional downside for the stock given negative news regarding youth incidence, vaping illnesses, and bills in the Senate, though Lewandowski reiterates a Buy rating on Altria, which she still sees as best positioned to adapt to U.S. industry challenges. The analyst, who awaits further comments from the management of Altria and Philip Morris (PM) about a possible merger, has a $54 price target on Altria shares.
PM Philip Morris
$72.78

1.08 (1.51%)

IMBBY Imperial Brands
$0.00

(0.00%)

03/28/19
SBSH
03/28/19
UPGRADE
SBSH
Buy
Imperial Brands upgraded to Buy from Neutral at Citi
Citi analyst Adam Spielman upgraded Imperial Brands to Buy from Neutral and raised his price target for the shares to GBP 30 from GBP 27. 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.
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%.

TODAY'S FREE FLY STORIES

FSLR

First Solar

$55.52

0.3 (0.54%)

12:25
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Options
First Solar call volume above normal and directionally bullish »

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    Oct

RARE

Ultragenyx

$42.78

-1.06 (-2.42%)

12:25
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10/18
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Conference/Events
Ultragenyx participates in a conference call with JPMorgan »

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UBER

Uber

$31.59

-1 (-3.07%)

, LYFT

Lyft

$40.79

-0.91 (-2.18%)

12:25
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10/18
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UBS services analyst to hold an analyst/industry conference call »

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UBER

Uber

$31.59

-1 (-3.07%)

LYFT

Lyft

$40.79

-0.91 (-2.18%)

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BA

Boeing

$361.23

-7.9 (-2.14%)

12:24
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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10/18
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NASDAQ market internals summary »

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BA

Boeing

$364.04

-5.09 (-1.38%)

12:16
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Breaking Periodicals news story on Boeing »

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  • 23

    Oct

$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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10/18
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NYSE market internals summary »

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BA

Boeing

$363.73

-5.4 (-1.46%)

12:15
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10/18
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Periodicals
Breaking Periodicals news story on Boeing »

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  • 23

    Oct

NTAP

NetApp

$53.27

-0.76 (-1.41%)

12:15
10/18/19
10/18
12:15
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12:15
Options
NetApp put volume heavy and directionally bearish »

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  • 12

    Dec

PGR

Progressive

$70.81

-0.64 (-0.90%)

12:05
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10/18
12:05
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12:05
Options
Progressive call volume above normal and directionally bullish »

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WORK

Slack Technologies

$21.53

-2.47 (-10.29%)

12:00
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10/18
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Slack Technologies falls -10.3% »

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NNA

Navios Acquisition

$8.20

-2.16 (-20.85%)

12:00
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10/18
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Navios Acquisition falls -21.5% »

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GIL

Gildan Activewear

$27.00

-8.375 (-23.67%)

12:00
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10/18
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Gildan Activewear falls -23.7% »

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  • 31

    Oct

KSU

Kansas City Southern

$143.98

8.65 (6.39%)

12:00
10/18/19
10/18
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Hot Stocks
Kansas City Southern rises 6.3% »

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  • 18

    Oct

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BORR

Borr Drilling

$6.57

0.53 (8.77%)

12:00
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10/18
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Borr Drilling rises 7.5% »

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HEP

Holly Energy Partners

$22.99

1.72 (8.09%)

12:00
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Holly Energy Partners rises 8.1% »

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  • 30

    Oct

ORCL

Oracle

$54.72

-0.35 (-0.64%)

11:55
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Oracle co-CEO Mark Hurd has died, Reuters reports »

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DHT

DHT Holdings

$7.19

-0.215 (-2.90%)

11:55
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DHT Holdings put volume heavy and directionally bearish »

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  • 24

    Oct

CRM

Salesforce

$143.99

-2.18 (-1.49%)

11:55
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Conference/Events
Economic Club of Washington, D.C. to hold luncheon meeting »

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  • 18

    Oct

  • 16

    Dec

KO

Coca-Cola

$55.27

1.47 (2.73%)

, AXP

American Express

$118.49

-0.68 (-0.57%)

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Fly Intel: Wall Street's top stories at midday »

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KO

Coca-Cola

$55.27

1.47 (2.73%)

AXP

American Express

$118.49

-0.68 (-0.57%)

JNJ

Johnson & Johnson

$130.24

-5.96 (-4.38%)

M

Macy's

$15.04

-0.73 (-4.63%)

LB

L Brands

$16.71

-1.39 (-7.68%)

GPS

Gap

$16.65

-0.93 (-5.29%)

DERM

Dermira

$7.41

1.73 (30.46%)

ETFC

E-Trade

$41.22

2.18 (5.58%)

GIL

Gildan Activewear

$27.05

-8.325 (-23.53%)

TEAM

Atlassian

$111.50

-10.93 (-8.93%)

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    Dec

  • 07

    Dec

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General news
Fed VC Clarida reiterated the economy is in a "good place »

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SKX

Skechers

$37.12

-0.02 (-0.05%)

11:45
10/18/19
10/18
11:45
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Options
Skechers call volume above normal and directionally bullish »

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  • 22

    Oct

ATVI

Activision Blizzard

$53.92

-1.68 (-3.02%)

, NTDOY

Nintendo

$0.00

(0.00%)

11:41
10/18/19
10/18
11:41
10/18/19
11:41
Periodicals
Blizzard delays 'WoW' event in Taiwan amid Hong Kong protests, Polygon says »

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ATVI

Activision Blizzard

$53.92

-1.68 (-3.02%)

NTDOY

Nintendo

$0.00

(0.00%)

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  • 18

    Oct

  • 07

    Nov

KALV

KalVista

$12.16

0.08 (0.66%)

11:36
10/18/19
10/18
11:36
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11:36
Conference/Events
KalVista management to meet with Needham »

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  • 24

    Oct

W

Wayfair

$110.22

-4.41 (-3.85%)

11:35
10/18/19
10/18
11:35
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11:35
Options
Wayfair put volume heavy and directionally bearish »

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  • 31

    Oct

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