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Fly News Breaks for February 27, 2019
Feb 27, 2019 | 10:24 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Home Depot (HD) downgraded to Hold from Buy at DZ Bank and to Market Perform from Outperform at Telsey Advisory. 2. Chubb (CB) downgraded to Underperform from Neutral at Credit Suisse with analyst Michael Zaremski saying he thinks the assumed catastrophe load embedded within consensus EPS forecasts is materially too low/optimistic, and as he has less confidence that the company will be able to organically grow policy counts in its peer-leading US high-net-worth personal home/auto businesses due to heightened competition from new entrants, one of whom is led by a spate of former Chubb executives. The analyst also lowered his price target on the shares to $131 from $141. 3. Heska (HSKA) downgraded to Hold from Buy at Benchmark wth analyst Bruce Jackson saying he reduced his estimates following the company's Q4 miss and "disappointing" 2019 guidance. 4. WW (WTW) downgraded to Neutral from Buy at DA Davidson, to Hold from Buy at SunTrust and Craig-Hallum, to Sector Weight from Overweight at KeyBanc, and to Perform from Outperform at Oppenheimer. 5. Unilever (UN, UL) downgraded to Neutral from Outperform at Exane BNP Paribas. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For HD;CB;HSKA;WTW;UN;UL From the Last 2 Days
Apr 18, 2019 | 13:02 EDT
Unilever announced that it has signed an agreement to acquire OLLY Nutrition, a U.S.-based wellbeing business in the vitamins, minerals, and supplements category. Based in San Francisco, California, OLLY Nutrition was co-founded in 2014 by Eric Ryan, who also previously co-founded home and personal care products company method. OLLY is known for its gummy vitamins and supplements, and also sells protein powders and snack bars. Terms of the deal were not disclosed. The acquisition is subject to regulatory approvals and customary closing conditions.