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CALM

Cal-Maine Foods

$43.36

-0.13 (-0.30%)

, HRL

Hormel Foods

$45.44

1.27 (2.88%)

04:55
12/03/19
12/03
04:55
12/03/19
04:55

Stephens to hold a plane trip

Protein Investor Plane Trip will begin in Austin, MN and end in New York on December 2-3.

CALM

Cal-Maine Foods

$43.36

-0.13 (-0.30%)

HRL

Hormel Foods

$45.44

1.27 (2.88%)

PPC

Pilgrim's Pride

$31.50

0.04 (0.13%)

SAFM

Sanderson Farms

$164.64

-1.24 (-0.75%)

  • 04

    Dec

CALM Cal-Maine Foods
$43.36

-0.13 (-0.30%)

03/04/19
SPHN
03/04/19
INITIATION
SPHN
Equal Weight
Cal-Maine Foods initiated with an Equal Weight at Stephens
Stephens analyst Ben Bienvenu started Cal-Maine Foods with an Equal Weight rating and $42 price target, stating he believes "valuation is full at this time as industry supply indicators are pointing to large increases in production," making him cautious about the future egg pricing backdrop.
12/06/18
VERF
12/06/18
DOWNGRADE
VERF
Sell
Cal-Maine Foods downgraded to Sell from Hold at Vertical Group
HRL Hormel Foods
$45.44

1.27 (2.88%)

08/12/19
SPHN
08/12/19
NO CHANGE
Target $37
SPHN
Equal Weight
Hormel may underperform while navigating ASF overhang, says Stephens
Stephens analyst Ben Bienvenu said Hormel Foods is currently contending with volume erosion as price increases were taken to offset protein inflation that hasn't happened yet. Hormel risks losing more volume share if it doesn't walk back price increases, but if it does cut prices it may have a harder time raising them when inflation requires, said the analyst, who is interested to hear management's approach to navigating African Swine Flu on the company's earnings call. Bienvenu, who thinks the current operating environment will continue to lead to relative underperformance in Hormel shares, reiterated an Equal Weight rating and $37 price target on the stock ahead of the company's Q3 earnings report.
06/26/19
MZHO
06/26/19
NO CHANGE
MZHO
DOJ intervening in poultry case not entirely surprising, says Mizuho
Mizuho analyst Jeremy Scott said it isn't entirely surprising to see the DOJ intervene in the Maplevale civil case against chicken producers given the DOJ's interest in the case previously became apparent in Tyson's (TSN) 10-Q filling in May. Scott said the investigation launch does not necessarily suggest that there is new corroborating evidence, though it does raise the stakes for company legal teams and builds on an already distracting and costly process in the courts that will likely take two years or more to reach a conclusion. Other protein stocks include Hormel (HRL), Pilgrim's Pride (PPC) and Sanderson Farms (SAFM).
10/25/19
BOFA
10/25/19
INITIATION
Target $40
BOFA
Underperform
Hormel Foods initiated with an Underperform at BofA/Merrill
BofA/Merrill analyst Peter Galbo initiated coverage of Hormel Foods with an Underperform rating and $40 price target.
06/13/19
FBCO
06/13/19
NO CHANGE
FBCO
Tyson plant-based launch not big threat to Beyond Meat, says Credit Suisse
Credit Suisse analyst Robert Moskow says this morning's launch of plant-based chicken nuggets and patties and hybrid beef-plant burgers and sausages supports his positive view on Tyson Foods (TSN). Perdue and Hormel Foods (HRL) have also signaled similar intentions to pursue hybrid meats, Moskow tells investors in a research note. The analyst, however, does not view Tyson's hybrid burgers as a major threat to Beyond Meat (BYND). Beyond's burger products are "more revolutionary and broader" in terms of potential consumer appeal, contends Moskow. Although competing hybrid burgers offer less saturated fat than the 100% plant-based products from Beyond and Impossible, "they simply don't taste as good in our experience," writes the analyst. Shares of Beyond Meat are down $1.04 to $140.93 in early trading while Tyson Foods is up $1.92 to $83.82.
PPC Pilgrim's Pride
$31.50

0.04 (0.13%)

11/14/19
BOFA
11/14/19
UPGRADE
Target $180
BOFA
Buy
Sanderson Farms upgraded to Buy from Underperform at BofA/Merrill
BofA Merrill Lynch analyst Peter Galbo upgraded Sanderson Farms (SAFM) to Buy from Underperform with a price target of $180, up from $133. Multiple press reports are indicating that China's customs agency has lifted restrictions on the import of U.S. poultry, effective immediately, which is a result of protein shortage in the country due to African Swine Fever and outside of the Phase 1 trade deal, Galbo noted. While he expects all U.S. chicken processors - including Tyson Foods (TSN) and Pilgrim's Pride (PPC) - to benefit, he sees the most incremental benefit to Sanderson as the company now will be able to ship chicken feet/paws and wing tips to China, where it has not shipped since 2015.
10/25/19
BOFA
10/25/19
INITIATION
Target $32
BOFA
Neutral
Pilgrim's Pride initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Peter Galbo initiated coverage of Pilgrim's Pride with a Neutral rating and $32 price target.
09/19/19
SPHN
09/19/19
NO CHANGE
Target $35
SPHN
Overweight
Pilgrim's Pride price target raised to $35 after analyst day at Stephens
Stephens analyst Ben Bienvenu said he thinks Pilgrim Pride management's well articulated key customer strategy and operational excellence, which were on display at the company's investor day, should continue to drive value over commodity cycles. Bienvenu adds that he sees the benefit from ASF-driven protein inflation "becoming a when, not if situation for the U.S. market." The analyst, who sees Pilgrim's as best positioned in the near-term among protein companies with Mexico and Europe performing well and the U.S. bar "set appropriately," raised his price target on the stock to $35 from $33 and keeps an Overweight rating on shares.
08/20/19
08/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Pilgrim's Pride (PPC) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow citing the management's implementation of a "successful execution" of its chicken strategy. 2. Beyond Meat (BYND) upgraded to Overweight from Neutral at JPMorgan while Campbell Soup (CPB) was upgraded to Neutral from Underweight. 3. Chemours (CC) upgraded to Positive from Neutral at Susquehanna with analyst Don Carson saying he thinks end-user destocking of TiO2 appears to have run its course and he views the company as the prime beneficiary of an upturn in industry volumes in 2020. 4. AbbVie (ABBV) upgraded to Overweight from Neutral at Piper Jaffray with analyst Christopher Raymond saying while he remains negative on the company's decision to acquire Allergan (AGN), he believes that a bottom on the stock has been found around $66. 5. CACI (CACI) upgraded to Outperform from Neutral at Credit Suisse with analyst Robert Spingarn saying in an uncertain macro environment, he likes a defensive name that can support a multi-year story of organic growth, margin expansion, and M&A optionality, all while offering an attractive valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SAFM Sanderson Farms
$164.64

-1.24 (-0.75%)

10/25/19
10/25/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Essa Pharma (EPIX) initiated with an Outperform at Oppenheimer. 2. Uber (UBER) initiated with a Buy at Guggenheim. 3. LogMeln (LOGM) assumed with a Sector Perform at RBC Capital. 4. MannKind (MNKD) initiated with an Overweight at Cantor Fitzgerald. 5. Sanderson Farms (SAFM) 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.
10/25/19
BOFA
10/25/19
INITIATION
Target $133
BOFA
Underperform
Sanderson Farms initiated with an Underperform at BofA/Merrill
BofA/Merrill analyst Peter Galbo initiated coverage of Sanderson Farms with an Underperform rating and $133 price target. The analyst notes that the company's near-term profitability challenges and high valuation may "outweigh" the benefits related to African Swine Fever.
10/25/19
BOFA
10/25/19
INITIATION
Target $133
BOFA
Underperform
Sanderson Farms initiated with an Underperform at BofA/Merrill
BofA/Merrill initiated coverage of Sanderson Farms with an Underperform rating and $133 price target.

TODAY'S FREE FLY STORIES

01:55
12/12/19
12/12
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01:55
General news
Asian Market Update: »

Asian Market Update:…

BILL

Bill.com

$0.00

(0.00%)

23:41
12/11/19
12/11
23:41
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23:41
Syndicate
Bill.com 9.824M share IPO priced at $22.00 »

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  • 12

    Dec

FTSV

Forty Seven

$36.00

1.4 (4.05%)

23:39
12/11/19
12/11
23:39
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23:39
Syndicate
Forty Seven 4.86M share Spot Secondary priced at $35.00 »

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  • 12

    Dec

NCR

NCR Corp.

$32.60

0.16 (0.49%)

20:34
12/11/19
12/11
20:34
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20:34
Hot Stocks
NCR enters consent decree to resolve claims related to Kalamazoo River matter »

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  • 11

    Dec

CIEN

Ciena

$35.45

0.75 (2.16%)

, LOVE

Lovesac

$14.49

0.05 (0.35%)

20:25
12/11/19
12/11
20:25
12/11/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

CIEN

Ciena

$35.45

0.75 (2.16%)

LOVE

Lovesac

$14.49

0.05 (0.35%)

VERU

Veru

$2.47

0.17 (7.39%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 11

    Dec

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    Dec

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    Dec

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    Dec

CHEF

Chefs' Warehouse

$35.51

-0.06 (-0.17%)

20:24
12/11/19
12/11
20:24
12/11/19
20:24
Initiation
Chefs' Warehouse initiated at Piper Jaffray »

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  • 12

    Dec

HSBC

HSBC

$37.15

0.44 (1.20%)

20:13
12/11/19
12/11
20:13
12/11/19
20:13
Upgrade
HSBC rating change at BofA/Merrill »

HSBC upgraded to Buy from…

03/08/13
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03/08/13
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PLCE

Children's Place

$54.36

-16.31 (-23.08%)

19:54
12/11/19
12/11
19:54
12/11/19
19:54
Downgrade
Children's Place rating change at Wedbush »

Children's Place…

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03/06/13
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  • 11

    Dec

LVGO

Livongo Health

$27.55

1.48 (5.68%)

19:43
12/11/19
12/11
19:43
12/11/19
19:43
Syndicate
Livongo Health 2.78M share Secondary priced at $27.00 »

The deal priced below the…

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  • 12

    Dec

CVX

Chevron

$116.22

-1.68 (-1.42%)

19:42
12/11/19
12/11
19:42
12/11/19
19:42
Periodicals
Chevron said to be close to approving Gulf of Mexico project, Bloomberg says »

Bloomberg's Kevin…

03/08/13
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03/06/13
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03/06/13
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RH

RH

$233.00

0.03 (0.01%)

19:27
12/11/19
12/11
19:27
12/11/19
19:27
Hot Stocks
RH CEO sold 500,000 common shares of company from Dec 9 through Dec 11 »

RH announced that…

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CRWD

Crowdstrike

$47.74

0.18 (0.38%)

19:17
12/11/19
12/11
19:17
12/11/19
19:17
Hot Stocks
Crowdstrike CFO sells 215K shares of common stock »

In a regulatory filing,…

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  • 12

    Dec

  • 09

    Dec

GLD

SPDR Gold Shares

$138.94

0.98 (0.71%)

19:00
12/11/19
12/11
19:00
12/11/19
19:00
Hot Stocks
SPDR Gold Shares holdings rise to 886.22MT from 885.93MT »

This is the first…

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DIS

Disney

$147.70

1.58 (1.08%)

, GOOG

Alphabet

$1,345.14

0.64 (0.05%)

18:59
12/11/19
12/11
18:59
12/11/19
18:59
Periodicals
Disney Plus was Google's most searched term in U.S. this year, TechCrunch says »

In the United States in…

DIS

Disney

$147.70

1.58 (1.08%)

GOOG

Alphabet

$1,345.14

0.64 (0.05%)

GOOGL

Alphabet Class A

$1,344.65

1.61 (0.12%)

AAPL

Apple

$270.71

2.09 (0.78%)

T

AT&T

$38.17

0.1 (0.26%)

NFLX

Netflix

$299.25

6.04 (2.06%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 11

    Dec

  • 29

    Jan

DLHC

DLH Holdings

$4.58

0.525 (12.96%)

, FORM

FormFactor

$23.77

0.57 (2.46%)

18:57
12/11/19
12/11
18:57
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18:57
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: DLH…

DLHC

DLH Holdings

$4.58

0.525 (12.96%)

FORM

FormFactor

$23.77

0.57 (2.46%)

LULU

Lululemon

$233.31

3.75 (1.63%)

NX

Quanex

$19.72

0.68 (3.57%)

TLRD

Tailored Brands

$4.85

-0.42 (-7.97%)

NDSN

Nordson

$167.44

1.69 (1.02%)

MESA

Mesa Air

$9.25

0.17 (1.87%)

OXM

Oxford Industries

$74.07

-1.89 (-2.49%)

AKTS

Akoustis

$7.60

0.11 (1.47%)

03/08/13
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  • 11

    Dec

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  • 18

    Dec

TTD

Trade Desk

$250.44

0.13 (0.05%)

18:57
12/11/19
12/11
18:57
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18:57
Hot Stocks
Trade Desk CEO: We don't own any media »

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RACE

Ferrari

$165.20

0.37 (0.22%)

18:45
12/11/19
12/11
18:45
12/11/19
18:45
Hot Stocks
Ferrari enters into new EUR 350M credit facility »

Ferrari announces that it…

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RIBT

RiceBran

$2.09

-0.105 (-4.79%)

18:43
12/11/19
12/11
18:43
12/11/19
18:43
Syndicate
RiceBran offers to sell common stock, no amount given »

Lake Street Capital…

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VMW

VMware

$151.00

2.27 (1.53%)

, TSLA

Tesla

$352.40

3.58 (1.03%)

18:42
12/11/19
12/11
18:42
12/11/19
18:42
Hot Stocks
VMware's Poonen: Our networking business is on fire »

In an interview on…

VMW

VMware

$151.00

2.27 (1.53%)

TSLA

Tesla

$352.40

3.58 (1.03%)

DELL

Dell Technologies

$47.73

0.37 (0.78%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 11

    Dec

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    Dec

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    Dec

  • 07

    Jan

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    Jan

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    Jan

  • 27

    Feb

SMTC

Semtech

$47.36

0.48 (1.02%)

18:38
12/11/19
12/11
18:38
12/11/19
18:38
Hot Stocks
Semtech director sells 19.3K shares of common stock »

In a regulatory filing,…

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  • 07

    Jan

CS

Credit Suisse

$12.95

-0.115 (-0.88%)

18:29
12/11/19
12/11
18:29
12/11/19
18:29
Periodicals
Former Credit Suisse JV exec claims she was put under surveillance, WSJ says »

Colleen Graham, a former…

03/08/13
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  • 11

    Dec

PANW

Palo Alto Networks

$226.76

1.71 (0.76%)

18:22
12/11/19
12/11
18:22
12/11/19
18:22
Hot Stocks
Palo Alto Networks CEO: No systematic problem with our sales »

In an interview on…

03/08/13
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  • 08

    Jan

PBYI

Puma Biotechnology

$8.71

0.24 (2.83%)

18:08
12/11/19
12/11
18:08
12/11/19
18:08
Hot Stocks
Puma Biotechnology presents Phase II results of neratinib in breast cancer »

Puma Biotechnology…

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GTHX

G1 Therapeutics

$23.06

-0.18 (-0.77%)

18:05
12/11/19
12/11
18:05
12/11/19
18:05
Hot Stocks
G1 Therapeutics presents data from Phase 1b/2a trial of lerociclib at SABCS »

G1 Therapeutics reported…

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NH

NantHealth

$0.86

-0.0225 (-2.54%)

18:01
12/11/19
12/11
18:01
12/11/19
18:01
Hot Stocks
NantHealth presents new breast cancer research findings at SABCS »

NantHealth announced new…

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