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BofA Breaks Down Coca-Cola's Q3
Thursday, October 22, 2020 - 12:08pm | 470Beverage giant Coca-Cola Co (NYSE: KO) reported Thursday morning with third-quarter results that came in better than expected, sending the stock higher. Coca-Cola Q3 Earnings Recap: Coca-Cola said it earned 55 cents per share in the third quarter on revenue of $8.7 billion. This...
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BofA Analyst: Canopy Poised For Growth As Democrats Hope For Marijuana Legalization
Monday, October 12, 2020 - 2:52pm | 632As the 2020 election heats up, Smith Falls, Ontario-based Canopy Growth Corp. (TSX: WEED)(NYSE: CGC) is hustling to gai additional U.S. market access, according to a Bank of America Global Research analysis. The year-long process to acquire New York-based Acreage...
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PepsiCo Beats Q3 Estimates: What Investors Need To Know
Thursday, October 1, 2020 - 11:53am | 500Beverage and snack giant PepsiCo, Inc. (NASDAQ: PEP) reported third-quarter results that came in better than expected. Pepsi Earnings Recap: PepsiCo said it earned $1.66 per share in the third quarter on revenue of $18.09 billion against Street expectations of $1.49 per share and revenue of $...
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Should Investors Buy The Dip In Beyond Meat? 3 Analysts Weigh In
Wednesday, August 5, 2020 - 11:06am | 566Plant-based food maker Beyond Meat Inc (NASDAQ: BYND) reported second-quarter results as sales came in better than expected but showed a sequential slowdown in growth. Bernstein analyst Alexia Howard maintains a Market Perform rating on Beyond Meat's stock with a price target lifted from $...
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The Early Reaction To Coca-Cola's Q2
Tuesday, July 21, 2020 - 11:15am | 450Beverage giant Coca-Cola Co (NYSE: KO) reported Tuesday morning with second quarter results that were notable for a 16% decrease in global unit case volume and a 33% decline in earnings. Earnings came in better than expected, at 42 cents per share versus a Street estimate of 40 cents...
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9 'Summer BBQ' Stocks With A Lot Riding On July 4 Weekend
Friday, July 3, 2020 - 10:18am | 682There’s no question 2020 has been a stressful year for Americans, which is why many people are hoping to forget about business and money this weekend and enjoy the July 4 holiday. For a handful of U.S. companies, the Independence Day weekend will be far from relaxing. Summer BBQ Tracker On...
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BofA Raises Constellation Brands Target, Says It's Positioned To Exit COVID-19 Stronger
Thursday, July 2, 2020 - 11:15am | 314Constellation Brands, Inc. (NYSE: STZ) seems poised to come out of the pandemic in a stronger position, as depletions in beer remain robust and the company moves past overhangs like the Gallo transaction, according to BofA Securities. The Constellation Brands Analyst Bryan Spillane maintained a Buy...
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This Analyst Likes Kraft Heinz Stock And Its 40% Discount To Peers
Monday, May 18, 2020 - 1:30pm | 348Kraft Heinz Co (NASDAQ: KHC) is trading at a 40% valuation discount versus its peers and represents a good buying opportunity for investors, according to BofA Securities. The Kraft Heinz Analyst Bryan Spillane upgraded Kraft Heinz's stock from Neutral to Buy with a price target lifted from $32...
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These Analysts Aren't Supporting Beyond Meat's Stock Surge
Wednesday, May 6, 2020 - 2:15pm | 653Plant-based food maker Beyond Meat Inc (NASDAQ: BYND) reported first-quarter results, highlighted by an earnings beat and a swing to profit. While investors appear to be impressed with the print, multiple Street analysts remain bearish. The Beyond Meat Analysts Wells Fargo analyst John Baumgartner...
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Morgan Stanley, BofA Remain PepsiCo Bulls After Q1 Report
Wednesday, April 29, 2020 - 4:10pm | 552Global beverage and snacking giant PepsiCo, Inc. (NASDAQ: PEP) reported first-quarter results Tuesday that were highlighted by strong organic sales growth, but the company cautioned there's a "great deal of uncertainty" ahead. Here's how two bull analysts reacted to the print....
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Beyond Meat Analyst Sees Uncertainty Ahead, Downgrades Stock
Thursday, March 19, 2020 - 12:39pm | 295Plant-based food maker Beyond Meat Inc (NASDAQ: BYND) is overexposed to the food service sector and current coronavirus-related headwinds warrant a shift to a bearish stance, according to BofA Securities. The Beyond Meat Analyst Bryan Spillane downgraded Beyond Meat's stock from Neutral to...
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BofA Double Upgrades Kellogg, Downgrades Hershey's
Friday, December 20, 2019 - 12:05pm | 514Bank of America's bearish thesis on Kellogg Company (NYSE: K) dates back to late 2016. The firm said Friday that it can no longer be justified ahead of a year of expected growth in 2020. At the same time, BofA dropped its bullish case for Hershey Co (NYSE: HSY) on valuation concerns....
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Analysts Slice Beyond Meat Price Targets Ahead Of Share Lockup Expiration
Tuesday, October 29, 2019 - 12:28pm | 716Investors are losing their appetite for Beyond Meat Inc (NASDAQ: BYND) even after the company posted a profitable first quarter. Shares plunged more than 23% Monday and were falling nearly 20% as of midday Tuesday. The company's lockup period expired Tuesday, allowing early investors to...
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Hershey's Earnings: Sweet Treat Or Sour Candy?
Friday, October 25, 2019 - 12:26pm | 603Hershey Co (NYSE: HSY) reported mixed third-quarter results and lifted part of its full-year outlook. The Analysts BMO Capital Markets analyst Kenneth Zaslow maintained a Market Perform rating on Hershey stock with a price target lifted from $133 to $138. Bank of America Merrill...
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Big Growth Comes In Small Package For Coca-Cola
Monday, October 21, 2019 - 1:30pm | 549Coca Cola Co's (NYSE: KO) mini cans are delivering maxi results. Sell-side analysts praised the American soft drink icon for yet another strong quarter of organic growth — the eighth straight with growth of 5% or more — with smaller packaged items such as the mini cans showing...