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THS

TreeHouse

$47.11

1.09 (2.37%)

, POST

Post Holdings

$108.85

1.635 (1.53%)

16:18
01/13/20
01/13
16:18
01/13/20
16:18

TreeHouse terminates agreement to sell RTE cereal business to Post Holdings

TreeHouse Foods (THS) announced that effective January 13, the company mutually agreed with Post Holdings (POST) to terminate the previously-announced agreement to sell its ready-to-eat cereal business to Post. TreeHouse also noted that it will begin the process of re-marketing the business for sale. These decisions follow the December 19, 2019 complaint filed by the Federal Trade Commission opposing the sale of TreeHouse's RTE cereal business to Post Holdings. "After thoroughly evaluating our options and the potential outcomes, our Board has determined that terminating the agreement with Post and immediately seeking another buyer for the business is the proper course forward," said Steve Oakland, CEO and President of TreeHouse Foods. "Unfortunately the business risk, necessary resources and extent of time required to challenge the FTC's position was not in the best interest of our constituencies." TreeHouse acquired the RTE cereal business from ConAgra Brands (CAG) as part of the Private Brands transaction in 2016. The business operates two manufacturing plants in Lancaster, Ohio and Sparks, Nev.

THS

TreeHouse

$47.11

1.09 (2.37%)

POST

Post Holdings

$108.85

1.635 (1.53%)

CAG

Conagra Brands

$32.04

0.21 (0.66%)

  • 30

    Jan

  • 13

    Feb

  • 17

    Feb

THS TreeHouse
$47.11

1.09 (2.37%)

12/02/19
WBLR
12/02/19
UPGRADE
WBLR
Outperform
TreeHouse upgraded to Outperform from Market Perform at William Blair
William Blair analyst Jon Andersen upgraded TreeHouse Foods to Outperform from Market Perform.
08/01/19
STFL
08/01/19
UPGRADE
Target $64
STFL
Buy
TreeHouse upgraded to Buy from Hold at Stifel
Stifel analyst Christopher Growe upgraded TreeHouse to Buy and raised his price target to $64 from $62. The analyst cites the progress made in the company's "transformation program" going back two years which included cost reductions, new CEO appointment, and a sale of its cereal/nut business. Growe contends that TreeHouse has become a company with stronger growth, which should become more evident with its Q4 results.
12/02/19
12/02/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Splunk (SPLK) upgraded to Buy from Neutral at Goldman Sachs with analyst Christopher Merwin saying after a "strong" fiscal Q3 report, the he "several catalysts" for Splunk (SPLK) shares to positively re-rate over the next 12 months. 2. Altria Group (MO) upgraded to Buy from Neutral at Citi with analyst Adam Spielman saying it is becoming hard to argue that "tobacco is being disrupted." 3. Plains All American (PAA) upgraded to Outperform from Neutral at Baird. 4. TreeHouse (THS) upgraded to Outperform from Market Perform at William Blair with analyst Jon Andersen saying private brands puts TreeHouse into a "large industry with ample runway for growth." 5. Spirit Airlines (SAVE) upgraded to Buy from Neutral at Buckingham with analyst Daniel McKenzie saying he downgraded the stock in September, arguing that Spirit's revenue outlook was set to worsen on the return of the 737 MAX (BA), the rollout of JetBlue's (JBLU) Fare Families 2.0 and competitive capacity that doubled, but says revenue worries are dissipating on reduced competitive capacity and revenue initiatives are set to finally gain traction in 2020. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/02/19
WBLR
12/02/19
UPGRADE
WBLR
Outperform
William Blair upgrades TreeHouse to Outperform on private brands potential
William Blair analyst Jon Andersen upgraded TreeHouse Foods to Outperform from Market Perform without a price target. Private brands puts TreeHouse into a "large industry with ample runway for growth," Andersen tells investors in a research note. Further, the company has "focused and simplified" its portfolio while making "good strides" with its enterprise strategy, which should bring more consistent financial results in 2020, adds the analyst. As such, he believes the stock's risk/reward looks attractive at current levels.
POST Post Holdings
$108.85

1.635 (1.53%)

07/19/19
07/19/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Post Holdings (POST) upgraded to Overweight from Neutral at Piper Jaffray with analyst Michael Lavery saying he expects "good" organic sales growth of 2%-3%) and still consider Post's portfolio attractive for cash generation. 2. Philip Morris (PM) upgraded to Overweight from Equal Weight at Barclays with analyst Gaurav Jain saying the company's new fiscal 2019 revenue growth guidance ex-currency of 6% is towards the higher end in staples. 3. KBR (KBR) upgraded to Outperform from Market Perform at Cowen with analyst Gautam Khanna citing abating overhangs, strong sales, an extreme sum-of-the-parts discount, and improving balance sheet flexibility. Khanna raised his price target to $31 from $23 on KBR shares. 4. WW (WW) upgraded to Buy from Neutral at DA Davidson with analyst Linda Bolton Weiser citing the improving sentiment toward the company's brands, taglines, and programs garnered from the Davidson Brand Sentiment Analysis as the company has already posted improved recruitment trends. 5. Skechers (SKX) upgraded to Outperform from Neutral at Wedbush. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/11/19
BMOC
11/11/19
DOWNGRADE
Target $115
BMOC
Market Perform
Post Holdings resumed at BMO Capital with a Market Perform
BMO Capital analyst Kenneth Zaslow resumed coverage of Post Holdings with a lowered rating to Market Perform from Outperform and a price target of $115. The analyst likes the company's "strategic vision, high growth portfolio, and strategic capital investments", calling it "one of the more innovative strategies across the food industry". However, Zaslow also sees these positives offset by Post Holdings lacking any near term catalysts while pointing to its "operational miscues" in justifying a neutral rating.
11/11/19
STFL
11/11/19
NO CHANGE
Target $120
STFL
Buy
Post Holdings price target raised to $120 after BellRing IPO at Stifel
Stifel analyst Christopher Growe raised his price target on Post Holdings (POST) shares to $120 from $115 to reflect the incremental value he sees being created by BellRing Brands (BRBR), which was spun off to Post shareholders via an IPO in mid-October, as well as his optimism around Post's outlook for FY20. As previously reported, Growe initiated coverage of BellRing Brands separately with a Buy rating and $21 target price. Post has now successfully completed the IPO of BellRing Brands and retains 71% of the company, Growe noted.
11/11/19
GSCO
11/11/19
INITIATION
Target $116
GSCO
Neutral
Post Holdings reinstated with a Neutral at Goldman Sachs
Goldman Sachs analyst Jason English reinstated coverage of Post Holdings with a Neutral rating and $116 price target. The analyst says fundamental concerns related to the company's retail cereal business temper his enthusiasm for the shares.
CAG Conagra Brands
$32.04

0.21 (0.66%)

11/14/19
BREN
11/14/19
INITIATION
Target $100
BREN
Buy
Berenberg bullish on plant-based meats, starts Beyond Meat at Buy
Berenberg analyst Donald McLee initiated coverage of three companies involved in the plant-based meat category, which he sees being in the early stages of "its second evolution" as modern plant-protein have progressed significantly toward replicating the experience of animal meat. He started Beyond Meat (BYND) with a Buy rating and $100 price target, identifying it as "the only public, pure-play plant-based meat company." He sees its advantages in innovation, brand awareness, distribution and portfolio making Beyond well-positioned to capture share, McLee tells investors. While he expects strong plant-based trend tailwinds to create a tide that lifts all boats, not all of the competitors in the space are created equal and McLee identifies Conagra's (CAG) Gardein Beyond Meat and Impossible Foods as the three best-positioned plant-based brands.
12/11/19
DBAB
12/11/19
INITIATION
Target $29
DBAB
Hold
Conagra Brands resumed with a Hold at Deutsche Bank
Deutsche Bank analyst Steve Powers resumed coverage of Conagra Brands with a Hold rating and $29 price target. The analyst notes that over a year ago, the stock was considered as an "interesting turnaround story" due to its portfolio pivot to frozen foods and snacking, but since that time, concerns over its revenue growth and views that the management's guidance is "overly ambitious" have tempered investor enthusiasm. Powers adds that Conagra is capable of growing revenues by 0%-2%, but the sustained investment required for that growth would pressure its margins.
12/20/19
UBSW
12/20/19
NO CHANGE
Target $38
UBSW
Buy
Conagra Brands price target raised to $38 from $32 at UBS
UBS analyst Steven Strycula raised his price target on Conagra Brands to $38 and kept his Buy rating after its Q2 earnings beat and a higher than expected organic sales growth of 1.6%, tracking "above retail scanner data" of 0.5%. The analyst believes that organic sales growth will accelerate further in Q3 and Q4, with an added positive view of the company's portfolio complexity reduction given its sale of Lender's Bagels and peanut butter plant assets.
12/20/19
EVER
12/20/19
NO CHANGE
Target $39
EVER
Outperform
Conagra Brands price target raised to $39 from $35 at Evercore ISI
Evercore ISI analyst David Palmer raised his price target for Conagra Brands to $39 from $35 and reiterates an Outperform rating on the shares following the company's fiscal Q2 results. The company's organic growth was broadly ahead of estimates, especially so in legacy Pinnacle brands, Palmer tells investors in a research note. The analyst's "bull case scenario" of $47 per share assumes Conagra exits fiscal 2020 with 2%-3% organic sales growth.

TODAY'S FREE FLY STORIES

TLGT

Teligent

$0.40

-0.0025 (-0.62%)

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AYTU

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$0.80

0.0014 (0.18%)

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DVA

DaVita

$79.45

0.43 (0.54%)

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  • 23

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TSM

TSMC

$58.58

-0.18 (-0.31%)

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KKR

KKR

$31.20

0.7 (2.30%)

, APO

Apollo Global

$50.35

1.26 (2.57%)

09:03
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KKR

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$31.20

0.7 (2.30%)

APO

Apollo Global

$50.35

1.26 (2.57%)

ARES

Ares Management

$37.29

0.47 (1.28%)

BX

Blackstone

$60.79

0.62 (1.03%)

CG

Carlyle Group

$33.30

0.36 (1.09%)

HLNE

Hamilton Lane

$67.25

-0.02 (-0.03%)

03/08/13
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    Feb

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SPCE

Virgin Galactic

$15.65

0.685 (4.58%)

, TWNK

Hostess Brands

$14.03

0.02 (0.14%)

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SPCE

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$15.65

0.685 (4.58%)

TWNK

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$14.03

0.02 (0.14%)

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  • 25

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, NFLX

Netflix

$339.56

0.89 (0.26%)

08:47
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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

NFLX

Netflix

$339.56

0.89 (0.26%)

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$47.48

0.62 (1.32%)

GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

03/08/13
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03/06/13
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  • 21

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  • 03

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  • 10

    Feb

JWN

Nordstrom

$40.34

-0.15 (-0.37%)

, WMT

Walmart

$114.93

-0.96 (-0.83%)

08:36
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Casper IPO highlights tech's promise, troubles, Barron' says »

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JWN

Nordstrom

$40.34

-0.15 (-0.37%)

WMT

Walmart

$114.93

-0.96 (-0.83%)

CSPR

Casper Sleep

$0.00

(0.00%)

03/08/13
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03/06/13
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  • 21

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  • 18

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BA

Boeing

$324.11

-7.89 (-2.38%)

, DDAIF

Daimler AG

$0.00

(0.00%)

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BA

Boeing

$324.11

-7.89 (-2.38%)

DDAIF

Daimler AG

$0.00

(0.00%)

FCAU

Fiat Chrysler

$13.76

-0.14 (-1.01%)

VWAGY

Volkswagen

$0.00

(0.00%)

FSLR

First Solar

$53.51

-0.42 (-0.78%)

AAPL

Apple

$318.66

3.33 (1.06%)

DQ

Daqo New Energy

$53.61

-0.025 (-0.05%)

03/08/13
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03/06/13
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  • 28

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SPOT

Spotify

$148.20

-3.59 (-2.37%)

18:15
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  • 05

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CE

Celanese

$117.54

-0.53 (-0.45%)

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  • 31

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BYND

Beyond Meat

$109.20

-1.16 (-1.05%)

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DBD

Diebold

$11.09

-0.49 (-4.23%)

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

$84.73

-0.005 (-0.01%)

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IEF

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SHY

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$84.73

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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

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GLD

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$146.59

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FXE

Euro Currency Trust

$105.10

-0.43 (-0.41%)

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UBSFY

Ubisoft

$0.00

(0.00%)

17:32
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  • 17

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IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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Syndicate
Breaking Syndicate news story on Immunovant »

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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
01/17/20
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17:18
Conference/Events
Myomo to host special shareholder meeting »

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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
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Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
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Breaking Syndicate news story on Sorrento Therapeutics »

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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
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17:01
Hot Stocks
Akers Biosciences reaches settlement agreements on two derivative actions »

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ECA

Encana

$4.09

-0.18 (-4.22%)

16:40
01/17/20
01/17
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16:40
Hot Stocks
Encana receives court approval for reorganization »

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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

16:38
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16:38
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Breaking Syndicate news story on Moleculin Biotech »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

16:37
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01/17
16:37
01/17/20
16:37
Periodicals
BT, Vodafone consider urging PM Johnson not to ban Huawei in U.K., Reuters says »

BT Group (BT) and…

VOD

Vodafone

$20.07

-0.225 (-1.11%)

BT

BT Group

$0.00

(0.00%)

03/08/13
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16:30
01/17/20
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16:30
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16:30
Options
Preliminary option volume of 28.7M today »

Preliminary option volume…

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