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How Much Of Big Tobacco's Sales Come From Vape Products?
Tuesday, January 17, 2017 - 3:10pm | 425Read More...The $49 billion purchase by British American Tobacco PLC (ADR) (NYSE: BTI) of the remaining stake available in Reynolds American, Inc. (NYSE: RAI) comes in a tobacco market that’s a lot less hazy than before, with leading manufacturers investing in alternatives to the traditional cigarette....
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Wells Fargo: We Share Retailer's Concerns On Monster Beverage
Thursday, January 12, 2017 - 3:35pm | 307Read More...Wells Fargo says its near-term outlook of Monster Beverage Corporation (NASDAQ: MNST) continues to deteriorate amid weak fourth quarter scanner data, Java production issues, poor rollout of Mutant and retailers' modest 5.3 percent growth outlook for the company in 2017. “[W]ith growth...
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Wells Fargo: Chance Of A Philip Morris-Altria Merger Now 70%
Monday, December 19, 2016 - 4:23pm | 489Read More...Wells Fargo said the probability of Philip Morris International Inc. (NYSE: PM) acquiring Altria Group Inc (NYSE: MO) in the next several months is now at 70 percent, according to a Barron's report. History Of Altria And Philip Morris Altria spun off Philip Morris’ overseas operations in...
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The Sell-Side Reviews Out Of Starbucks' Investor Day
Thursday, December 8, 2016 - 4:30pm | 618Read More...Starbucks Corporation (NASDAQ: SBUX) held its biennial Analyst Day on Wednesday, where it outlined its financial goals and focus areas, among other updates. The company reiterated its annualized targets of 10 percent revenue growth, mid-single-digit same-store sales expansion and 15–20...
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At Least One Analyst Was Impressed Following Starbucks' Investor Day
Thursday, December 8, 2016 - 12:17pm | 377Read More...Wells Fargo’s Bonnie Herzog believes Starbucks Corporation (NASDAQ: SBUX)'s Investor Day highlights there is still meaningful opportunity for the company to continue its recent strategic focus. Herzog reiterated an Outperform rating on the company, with a valuation range of $64–$66. '...
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Colonial Pipeline Shutdown A Near-Term Headwind For Murphy USA
Tuesday, September 20, 2016 - 1:40pm | 219Read More...Wells Fargo says Murphy USA Inc (NYSE: MUSA) could face near-term headwind from the shutdown of Colonial Pipeline, which led to a short-term disruption in gas supply to several states in the Southeast U.S. The brokerage expects the event to hurt MUSA's FY16 EPS by $0.05-$0.15 given the...
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Wells Fargo Thinks The Street May Have Already Priced In Dr Pepper's Q2 Results
Thursday, July 28, 2016 - 3:18pm | 531Read More...Following its analysis of Dr Pepper Snapple Group Inc. (NYSE: DPS)'s second-quarter results, Wells Fargo said it continues to think the company is managing its business well to drive top-line growth and margin expansion. Stating that the performance and multiple expansion over the past few years is...
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Goldman Defends Monster Beverage, Bullish On Future Of Sequential Gross Margins
Monday, July 18, 2016 - 4:28pm | 282Read More...Shares of Monster Beverage Corporation (NASDAQ: MNST) fell as low as $152.75 Monday, closing the day down 3.76 percent at $155.54. Wells Fargo's Bonnie Herzog downgraded its rating on the stock, citing concerns around softer sales and the potential for an EPS miss in the second quarter....
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Wells Fargo Upgrades Monster Beverage: Yes It's Expensive, But Premium Worth It
Monday, February 1, 2016 - 10:11am | 290Read More...The share price of Monster Beverage Corporation (NASDAQ: MNST) declined 12.06 percent over the past six months although it has appreciated 6.4 percent over the past one year. Bonnie Herzog of Wells Fargo has upgraded the rating on the company from Market Perform to Outperform, while raising...
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Coca-Cola Has 'Accelerated Growth Potential,' Wells Fargo Says
Thursday, March 12, 2015 - 11:02am | 181Read More...In a report published Thursday, Wells Fargo analyst Bonnie Herzog commented on a recent investor meeting with The Coca-Cola Co's (NYSE: KO) management team and came away "incrementally more positive" in its ability to drive accelerated top-line growth. The analyst detailed four key takeaways from...
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Shares of Starbucks and Keurig Green Mountain Dip After Wells Fargo Note
Thursday, July 17, 2014 - 1:16pm | 143Read More...Earlier on Thursday, Wells Fargo analyst Bonnie Herzog issued a note in which she maintained an Outperform rating on Starbucks (NASDAQ: SBUX) citing Nielsen data. Wells Fargo does not currently cover Keurig Green Mountain (NASDAQ: GMCR). Shares of Starbucks and Keurig are down ~0.8 and ~0.5...
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Reynolds American In Talks To Acquire Lorillard
Friday, July 11, 2014 - 10:43am | 321Read More...Reynolds American (NYSE: RAI) confirmed Friday it is in talks to acquire Lorillard (NYSE: LO). Imperial Tobacco Group PLC (OTC: ITYBY) is also negotiating with both Reynolds and Lorillard to acquire certain brands, Reynolds said. The brand acquisitions may address certain anti-trust concerns...
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Wells Fargo: BAT Acquisition Of Reynolds American Won't Fly
Wednesday, July 9, 2014 - 2:31pm | 182Read More...An analyst threw cold water on the London tabloid rumor Wednesday that Reynolds American (NYSE: RAI) will be fully acquired by British American Tobacco plc. Wells Fargo's Bonnie Herzog noted that Susan Cameron, who returned as Reynold's chief executive in May, is unlikely to facilitate...
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Wells Fargo Sees 90% Probability Of Merger Between Reynolds, Lorillard
Wednesday, June 18, 2014 - 9:50am | 185Read More...Shares of Lorillard (NYSE: LO) gained 2.33 percent in Wednesday's pre-market trading following Wells Fargo analyst comments on CNBC's Fast Money. On Tuesday, Wells Fargo Managing Director Bonnie Herzog told Fast Money that a merger between Reynolds American (NYSE: RAI) and Lorillard...
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Wall Street Remains Bullish on Starbucks Following Q2 Earnings
Friday, April 25, 2014 - 3:30pm | 251Read More...Wall Street analysts are sharing their views on Starbuck's (NYSE: SBUX) second quarter results. Deutsche Bank analyst Jason West believes the stock is “likely to respond favorably to these results,” given the “broader backdrop of weather-driven misses and SBUX's share price underperformance YTD...
