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Fly Intel: Top five analyst downgrades » 09:5304/2604/26/21
ETSY, HCA, BBY, SAM, PII
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Etsy (ETSY) downgraded to Sector Weight from Overweight at KeyBanc with analyst Edward Yruma saying Etsy remains one of the best long-term growth stories in internet retail, but the near-term likelihood of positive earnings revisions is low. 2. HCA Healthcare (HCA) downgraded to Neutral from Buy at Citi with analyst Ralph Giacobbe saying he views HCA's risk/reward are more balanced at current share levels. 3. Best Buy (BBY) downgraded to Neutral from Outperform at Wedbush with analyst Seth Basham saying he believes that the category will continue to trail home improvement and home furnishings category growth in 2021. 4. Boston Beer (SAM) downgraded to Neutral from Buy at Citi with analyst Wendy Nicholson saying at this point, it feels as if the stock is priced "for perfection." 5. Polaris (PII) downgraded to Neutral from Buy at Citi with analyst Shawn Collins saying the fundamentals of Polaris' business "have never been stronger" but in only 7 months, the stock is up 58%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Boston Beer downgraded to Neutral from Buy at Citi » 08:4204/2604/26/21
Citi analyst Wendy…
Citi analyst Wendy Nicholson downgraded Boston Beer to Neutral from Buy with a $1,395 price target. The shares are up 29% year-to-date and 240% since the beginning of 2020, Nicholson tells investors in a research note. "At this point, it feels to us as if the stock is priced for perfection," writes the analyst.
Boston Beer price target raised to $1,204 from $780 at MKM Partners » 08:5004/2304/23/21
MKM Partners analyst Bill…
MKM Partners analyst Bill Kirk raised the firm's price target on Boston Beer to $1,204 from $780 but keeps a Neutral rating on the shares. The performance of the company's hard Seltzer category in Q1 "truly packs a punch" as its overall shipments grew 60% and depletions were at 48% of net sales, the analyst tells investors in a research note. " Boston Beer has shown an amazing acceleration from the end of2020. Boston Beer has shown an amazing acceleration from the end of 2020 in an "incredible" start to its year, Kirk adds, though he continues to have "some category concern".
Boston Beer price target raised to $1,600 from $1,500 at Evercore ISI » 08:4104/2304/23/21
Evercore ISI analyst Eric…
Evercore ISI analyst Eric Serotta raised the firm's price target on Boston Beer to $1,600 from $1,500 and keeps an Outperform rating on the shares following the company's "beat and raise" Q1 report, after which the analyst raised his own 2021-2023 estimates. He believes seltzers could reach 20%+ share of off-premise beer sales dollars by 2025 and he has increased confidence in Truly sustaining "mid-20s" share over the medium term, Serotta tells investors.
Boston Beer price target raised to $1,530 from $1,400 at Morgan Stanley » 07:2804/2304/23/21
Morgan Stanley analyst…
Morgan Stanley analyst Filippo Falorni raised the firm's price target on Boston Beer to $1,530 from $1,400 and keeps an Overweight rating on the shares after the company's "large" beat in Q1 compared to consensus for both sales and earnings. The company's raised FY21 guidance highlights strong momentum for its Truly Hard Seltzer and Twisted Tea brands, said Falorni, who sees more innovation upcoming.
Boston Beer price target raised to $1,280 from $1,150 at Deutsche Bank » 06:5604/2304/23/21
Deutsche Bank analyst…
Deutsche Bank analyst Steve Powers raised the firm's price target on Boston Beer to $1,280 from $1,150 and keeps a Hold rating on the shares. The company reported a "knockout" first quarter to start the year, providing support for the shares, Powers tells investors in a research note.
Boston Beer price target raised to $1,538 from $1,378 at RBC Capital » 06:0904/2304/23/21
RBC Capital analyst Nik…
RBC Capital analyst Nik Modi raised the firm's price target on Boston Beer to $1,538 from $1,378 and keeps an Outperform rating on the shares after its Q1 earnings beat. The quarter was again "exceptional" as the company's Truly brand continues to exceed expectations, the analyst tells investors in a research note, adding that he expects Bost Beer to continue to outperform the hard seltzer category.
Fly Intel: After-Hours Movers » 19:0404/2204/22/21
HOG, STX, INTC, QDEL, SLAB, SWKS, KN, CE, WWE, VICR, BJRI, SNAP, SAM, SKX, MAT
Check out this evening's…
Boston Beer jumps 8% to $1,341.53 after Q1 results beat estimates 17:0404/2204/22/21
Boston Beer sees FY21 non-GAAP EPS $22.00-$26.00, consensus $23.26 » 16:2104/2204/22/21
Sees FY21 estimated…
Sees FY21 estimated capital spending of $250M-$350M, down from estimate of $300M-$400M.