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Hyatt Could Return $1.9 Billion To Shareholders, Analyst Says
Friday, November 10, 2017 - 12:54pm | 399Hyatt Hotels Corporation (NYSE: H) has always pursued the policy of asset recycling: selling properties in order to buy hotels in high-value areas. In its third-quarter earnings report released Nov. 2, the company said it made a minority investment in Oasis Luxury Rentals and bought the...
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A Nation Of Shrinking Drinkers: Who Wins And Who Loses As Booze Sectors Contract
Saturday, September 16, 2017 - 10:35am | 1001Generation Z is growing up with an aversion to alcohol, in part because its members don’t want to look wasted when they take selfies with their fancy smartphones. Millennials? They’re starting families, furthering careers and acting more responsibly, which makes their trademark binge...
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Diageo Downgraded, Upside Outlook Dims
Wednesday, September 13, 2017 - 3:06pm | 375The American alcohol market has shown impressive growth rates, especially over other countries where drinking beer and spirits is engraved in its culture, Berenberg's Javier Gonzalez Lastra and Matt Reid commented in a research report. For example, alcoholic consumption in the U.S. rose by 15...
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Anheuser Busch Now An Emerging Markets Brewer
Wednesday, September 13, 2017 - 3:00pm | 336Given the way U.S. beer sales are heading toward macro-breweries, Anheuser Busch InBev NV (ADR) (NYSE: BUD) is becoming an emerging markets brewer. Sixty-five percent of estimated fiscal 2017 sales for the world’s largest brewer are coming from potentially high-growth emerging beer markets....
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The Trend Isn't Your Friend; Sell Molson Coors
Wednesday, September 13, 2017 - 2:54pm | 346The Canadian beer market, much like the American beer market, is seeing a growth in craft products at the expense of established players. And one of the biggest established beer makers in Canada is Molson Coors Brewing Co (NYSE: TAP), Bereneberg's Javier Gonzalez Lastra and Matt Reid commented in...
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Wells Fargo: Too Big To Succeed?
Friday, July 21, 2017 - 11:14am | 412Nearly a decade after big U.S. banks were deemed “too big to fail” during the financial crisis, banks like Wells Fargo & Co (NYSE: WFC) are now bigger than ever. In fact, Berenberg analyst James Chappell now believes Wells Fargo has grown too big to succeed and has downgraded the...
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A Peek Into The Markets: U.S. Stock Futures Edge Lower; General Electric Profit Tops Views
Friday, July 21, 2017 - 7:44am | 350Pre-open movers U.S. stock futures traded slightly lower in early pre-market trade. Futures for the Dow Jones Industrial Average dropped 20 points to 21,561.00, while the Standard & Poor’s 500 index futures fell 0.25 points to 2,471.00. Futures for the Nasdaq 100 index declined 7.75...
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Tesla Reigns Supreme In Electric Vehicle Space, But Ford And General Motors Still In The Race
Tuesday, June 13, 2017 - 11:08am | 539Tesla Inc (NASDAQ: TSLA) is being handed a near monopolistic opportunity to gain market share in the automotive industry, according to a Berenberg research report. “Despite more talk of developing electric vehicles (EVs) for mass-market adoption, a lack of real action and strategic...
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Improving Prospects For Thomson Reuters May Prove Elusive
Saturday, April 22, 2017 - 11:45am | 410Alastair Reid of Bereneberg earlier this week initiated coverage of Thomson Reuters Corp (NYSE: TRI) with a Sell rating and $37 price target under the belief it's hard for the company to "live up to high expectations." Reid acknowledged Thomson Reuters is very much a "high-...
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Analyst: Buy AstraZeneca On The Turnaround Story
Wednesday, February 22, 2017 - 8:29am | 425Following AstraZeneca plc (ADR) (NYSE: AZN)’s strong start to 2017, including a positive data report for breast cancer treatment Lynparza, investors await a barrage of news highlighting significant findings and potential approvals for various portfolio components. Updates on immuno-oncology...
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Why This Analyst Thinks There's Only One Auto Stock Worth Buying
Tuesday, November 22, 2016 - 3:48pm | 865With the race for the pole position among the automakers heating up, Berenberg identified Ferrari NV (BIT: RACE) as its only Buy recommendation, as it believes the market fails to discount margin upside from better pricing as well as strong cash-flow generation. Sector Initiated With Negative...
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Berenberg Downgrades Bristol-Myers Squibb, Says Competitors Better Exposed For Near-Term Upside
Thursday, August 11, 2016 - 8:16am | 315Bristol-Myers Squibb Co’s (NYSE: BMY) CheckMate 026 trial to evaluate IO drug Opdivo for monotherapy in first-line NSCLC in PD-Li positive patients has ended in failure. Berenberg’s Laura Sutcliffe downgraded the rating on the company from Buy to Hold, while lowering the price...
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A Peek Into The Markets: U.S. Stock Futures Rise Ahead Of Jobless Claims Report
Thursday, August 11, 2016 - 7:37am | 617Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on initial jobless claims for the latest week, and import and export prices for July will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average climbed 48 points to 18,500.00, while...
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Berenberg On Banks: Initiating Coverage On Citigroup, Bank Of America And Others
Wednesday, July 13, 2016 - 2:08pm | 345It’s a big week for big banks as they continue striving to deliver earnings in what is likely the harshest banking environment in history. Yet, Berenberg sees the potential for significant upside for selective bank investors ahead of Q2 earnings. U.S. banks face unprecedented regulation and...
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What Analysts Think Central Banks Will Do Following Brexit
Friday, June 24, 2016 - 11:35am | 398Now that Britain has officially voted to leave the eurozone, central banks are left to decide what (if anything) they will need to do to stabilize global markets. Several Wall Street analysts have already given their takes on the issue. Capital Economics believes the rhetoric about the dangers of a...