Fly Intel: Papa John's upgrade, AT&T downgrade among top calls on Wall Street » 09:5604/0104/01/20
PZZA, DPZ, DLTR, DG, T, PEP, STZ, TAP, SAM, MNST, KDP, CCEP, KO, JPM, BNY, C, STT
Check out today's top…
Boston Beer resumed with a Buy at Goldman Sachs » 05:4704/0104/01/20
Goldman Sachs analyst…
Goldman Sachs analyst Bonnie Herzog resumed coverage of Boston Beer with a Buy rating and $415 price target. The analyst believes Boston Beer is "advantageously levered" to one of the few "big" growth opportunities in alcoholic beverages, hard seltzers.
|Over a week ago|
Boston Beer upgraded to Outperform from Sector Perform at RBC Capital » 06:4403/2303/23/20
RBC Capital analyst Nik…
RBC Capital analyst Nik Modi upgraded Boston Beer to Outperform from Sector Perform with a price target of $424, up from $346. The analyst believes that the stock is "truly dislocated", with its multiple having contracted by 25% since February 19th, which suggests that the market is pricing in a nearly 30% earnings risk. Modi adds that his view of EPS risk is closer to 3%-5% as the company should be "relatively insulated" from currently market dynamics given that only 15% of its sales are on-premise.
Boston Beer upgraded to Outperform from Sector Perform at RBC Capital » 06:2303/2303/23/20
RBC Capital analyst Nik…
RBC Capital analyst Nik Modi upgraded Boston Beer to Outperform from Sector Perform with a price target of $424, up from $346.
Molson Coors upgraded to Hold from Underperform at Jefferies » 08:1303/2003/20/20
TAP, STZ, STZ.B, SAM
Jefferies analyst Kevin…
Jefferies analyst Kevin Grundy upgraded Molson Coors (TAP) to Hold from Underperform with a price target of $40, down from $45, citing his view that contraction in on-premise sales has been reasonably discounted while interest in its new seltzers is high and productivity will provide some offset to demand weakness. In the same note on the hard seltzer category, Grundy said he is still bullish on the category outlook, but he noted that his survey findings pointed to low brand loyalty and a high willingness to try new seltzer brands. He has also lowered his price target on Boston Beer (SAM) shares to $280 from $325 and cut his price target for Constellation Brands (STZ) to $225 from $265.
Boston Beer upgraded to Buy from Neutral at MKM Partners » 07:3103/1703/17/20
MKM Partners analyst Bill…
MKM Partners analyst Bill Kirk upgraded Boston Beer to Buy from Neutral with an unchanged $351 price target. The analyst notes that the company is not expected to experience much "operational volatility" from the current fundamental uncertainty as the beer industry typically holds up well during weak economic periods. Kirk adds that Boston Beer grew every quarter during the recession, and consumers' off-premise consumption offers a neutralizing substitute to on-premise sales losses. The analyst warns that the biggest risk to his upgrade would be a disruption at company-owned or 3rd party production facilities.
Boston Beer upgraded to Buy from Neutral at MKM Partners » 05:4803/1703/17/20
MKM Partners analyst Bill…
MKM Partners analyst Bill Kirk upgraded Boston Beer to Buy from Neutral with an unchanged price target of $351.
|Over a month ago|
Boston Beer price target riased to $495 from $450 at Cowen » 07:5502/2002/20/20
Cowen analyst Vivien Azer…
Cowen analyst Vivien Azer raised her price target on Boston Beer to $495 from $450 following Q4 results. The analyst noted its big beat but said spending is clearly going up as management looks for opportunities, such that consensus is at the high-end of guidance. Azer reiterated her Outperform rating on Boston Beer shares.
Fly Intel: After Hours Movers » 19:1002/1902/19/20
STMP, SREV, Z, CAR, CYH, NE, MANT, XEC, CYBE, UCTT, TRN, MX, IMAX, SM, GDOT, SNBR, PXD, SPN, LASR, AJRD, SUN, MASI, ALB, TVTY, OSUR, NVTA, SAM, BCOV, LOPE, SPTN, UAN, CRMT, QTWO, INOV, SNPS, RETA, CAKE, CONE, VMI, JACK, H, TS, AXGT, BTAI, HRTX, IRT, TEVA
UP AFTER EARNINGS:…
UP AFTER EARNINGS: Stamps.com (STMP) up 31.4%... ServiceSource (SREV) up 16.1%... Zillow Group (Z) up 15.1%... Avis Budget (CAR) up 12.3%... Community Health (CYH) up 11.0%... Noble Corp (NE) up 11.0%... ManTech (MANT) up 9.4%... Cimarex Energy (XEC) up 8.2%... CyberOptics (CYBE) up 7.8%... Ultra Clan (UCTT) up 7.3%... Trinity Industries (TRN) up 6.3%... MagnaChip Semi (MX) up 4.8%... Imax Corp (IMAX) up 3.8%... SM Energy (SM) up 3.6%... Green Dot (GDOT) up 3.2%... Sleep Number (SNBR) up 3.0%... Pioneer Natural (PXD) up 2.7%... Superior Energy (SPN) up 2.7%... nLight (LASR) up 2.6%... Aerojet Rocketdyne (AJRD) up 2.6%... Sunoco (SUN) up 2.4%... Masimo Corp (MASI) up 1.5%... Albemarle (ALB) up 1.3%. DOWN AFTER EARNINGS: Tivity Health (TVTY) down 33.7%... OraSure Technologies (OSUR) down 15.7%... Invitae (NVTA) down 10.9%... Boston Beer Co (SAM) down 9.1%... Brightcove (BCOV) down 8.7%... Grand Canyon Education (LOPE) down 7.2%... Grand Canyon Education (LOPE) down 7.2%... SpartanNash (SPTN) down 6.2%... CVR Partners (UAN) down 5.5%... America's Carmart (CRMT) down 3.5%... Q2 Holdings (QTWO) down 3.2%... Inovalon (INOV) down 3.2%... Synopsys (SNPS) down 3.0%... Reata Pharma (RETA) down 2.3%... Cheesecake Factory (CAKE) down 2.2%... CyrusOne (CONE) down 2.1%... Valmont Industries (VMI) down 2.0%... Jack in the Box (JACK) down 1.8%... Hyatt (H) down 1.3%... Tenaris (TS) down 1.3%. ALSO LOWER: Axovant Gene Therapies (AXGT) down 11.6% after equity offering... BioXcel Therapeutics (BTAI) down 10.1% after equity offering... Heron Therapeutics (HRTX) down 8.6% after FDA extended review period for HTX-011 NDA... Independence Realty Trust (IRT) down 4.6% after equity offering... Teva Pharma (TEVA) down 4.1% after Phase 2/3 trials in deutetrabenazine failed to meet the primary endpoints. Movers as of 18:30ET.
Boston Beer sees 2020 non-GAAP EPS $10.70-$11.70, consensus $11.71 » 16:3302/1902/19/20
Sees 2020 CapEx…
Sees 2020 CapEx $135M-$155M.