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Fly News Breaks for July 17, 2019
HSY, COP, CTRP, KBH, SLGN
Jul 17, 2019 | 10:16 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Hershey (HSY) upgraded to Neutral from Sell at Goldman Sachs with analyst Jason English saying he confirmed with industry sources and Hershey management that Mars has announced a 9.0%-9.5% price increase on single-serve chocolate while also announcing that it is following Hershey's previously announced lead to raise seasonal chocolate prices for this upcoming Halloween selling season. 2. ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill with analyst Doug Leggate saying the company's portfolio is "exposed to all the good bits" with 75% exposure to Brent while avoiding the "worst of onshore price dislocations." 3. Ctrip (CTRP) upgraded to Outperform from Neutral at Credit Suisse. 4. KB Home (KBH) upgraded to Outperform from In Line at Evercore ISI. 5. Silgan Holdings (SLGN) upgraded to Neutral from Underweight at JPMorgan with analyst Tyler Langton saying he thinks improving volume trends in the company's food can and closures businesses, along with its flexibility to look at deals and buybacks given its de-levered balance sheet, should support the stock. 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 HSY;COP;CTRP;KBH;SLGN From the Last 2 Days
COP
Aug 19, 2019 | 08:09 EDT
Barclays analyst Jeanine Wai initiated ConocoPhillips with an Overweight rating and $79 price target, citing her favoring of E&P companies that have a visible path for return of capital even in an extended period of modest oil prices.