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Peltz's Pepsi Exit Wasn't Surprising; Jefferies Reiterates Buy
Monday, May 16, 2016 - 10:27am | 294Read More...PepsiCo, Inc. (NYSE: PEP) revealed on Friday that activist investor Nelson Peltz's Trian Funds had exited the stock. Jefferies’ Kevin Grundy reiterated a Buy rating for the company, with a price target of $119. The analyst commented that the recent development was “unsurprising...
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New Beer Distributor Survey Shows Trouble For Boston Beer Co.
Wednesday, March 30, 2016 - 11:31am | 323Read More...Jefferies’ survey of U.S. beer distributors, who represent less than 5 percent of beer volumes, indicated flattish industry volumes, rational pricing in total beer, signs of slowing in crafts and continuing declines in cider. Jefferies’ Kevin Grundy maintained a Hold rating on...
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Jefferies Highlights 5 Best Investment Ideas For 2016
Tuesday, January 26, 2016 - 2:28pm | 423Read More...On Monday, Jefferies issued an industry note highlighting their top stock picks for 2016. Here's the names Jefferies' analyst Kevin Grundy placed in the spotlight. Top GARP Idea: Newell Rubbermaid Inc. (NYSE: NWL) Jefferies rates Newell as a Buy with a $51 price target. Analysts believe the company...
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Jefferies Downgrades Boston Beer On Guidance Risk, Likes Spectrum Brands And Newell Rubbermaid More
Friday, January 8, 2016 - 2:45pm | 433Read More...On Thursday, Jefferies issued an industry note regarding consumer products highlighting Boston Beer Co Inc (NYSE: SAM), Spectrum Brands Holdings, Inc. (NYSE: SPB) and Newell Rubbermaid Inc. (NYSE: NWL). In their report, Jefferies analyst Kevin Grundy and associates Peter Schanzer and Herb Eppich...
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Jefferies Hits Newell Rubbermaid With A Buy, Adds To Franchise Pick List
Monday, September 28, 2015 - 9:49am | 346Read More...Newell Rubbermaid Inc. (NYSE: NWL) has seen an almost 6 percent increase in its share price year-to-date. Jefferies’ Kevin Grundy has initiated coverage of the company with a Buy rating and price target of $50, while adding the stock to Jefferies’ Franchise Pick list. Grundy...
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Jefferies Excited About Jarden After Reported Waddington Acquisition
Monday, July 13, 2015 - 9:39am | 213Read More...In a report published Sunday, Jefferies analyst Kevin Grundy said that Jarden Corp (NYSE: JAH) would acquire Waddington, a producer of high-end plastic cups, plates and cutlery. He gave the stock a Buy rating and $63 price target. Jarden, a consumer products company, will likely pay $1.35 billion...
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Beer Distributors Were Just Surveyed, And It's Good News For Boston Beer Co
Friday, March 20, 2015 - 12:00pm | 303Read More...In a report published Friday, Jefferies analyst Kevin Grundy conducted a survey of U.S. beer distributors that supports a positive industry outlook. According to Grundy's survey, craft beer volume growth in the double-digit percentage points is expected in 2015 (19 percent in 2014), while...
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Monster Beverage's Valuation 'Looks Full,' Jefferies Notes
Friday, February 27, 2015 - 11:02am | 247Read More...In a report published Thursday evening, Jefferies analyst Kevin Grundy commented that Monster Beverage Corp's (NASDAQ: MNST) valuation "looks full" following its fourth quarter "high quality" beat. Grundy noted that Monster Beverage is off to a "strong start"...
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Jefferies Initiates Coverage On Boston Beer, The 'Industry Leader In The Fast-Growing Craft Beer' Space
Friday, January 16, 2015 - 11:27am | 308Read More...In a report published Friday morning, Jefferies initiated coverage on Boston Beer Co Inc (NYSE: SAM) with a Buy rating and $362 price target, which implies a 24 percent upside potential. Analysts Kevin Grundy and Peter Schanzer believe that, despite the risks posed by new entrants and the...
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Jefferies Upgrades Energizer, Sees 'Limited Downside'
Friday, January 9, 2015 - 2:13pm | 239Read More...Jefferies upgraded Energizer Holdings, Inc. (NYSE: ENR) from Hold to Buy and raised its price target from $123 to $155. Analyst Kevin Grundy made the upgrade "ahead of the company’s spin-off of its battery business (expected 7/1). While group valuations look rich, there is clear...
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Jefferies Lowers Coca-Cola Price Target
Tuesday, December 16, 2014 - 4:33pm | 265Read More...Jefferies lowered its price target on The Coca-Cola Co (NYSE: KO) from $42 to $40 and maintained a Hold rating. Analyst Kevin Grundy noted that “while fundamentals remain pressured and with FX now more onerous, KO still expects c. 4-5 percent FX neutral EPS growth in FY15. “Though...
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UPDATE: Jefferies Reiterates On Jarden On More Viable Bull Case
Monday, December 1, 2014 - 10:44am | 118Read More...In a report published Monday, Jefferies analyst Kevin Grundy reiterated a Buy rating on Jarden Corp (NYSE: JAH), and raised the price target from $49.00 to $55.00. In the report, Jefferies noted, “We raise our PT to $55 (25% potential upside) and add JAH to Jefferies Franchise Picks as our analysis...
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Mixed Reviews For Monster's Q2 Beat Amid Industry Slow Down
Friday, August 8, 2014 - 4:50pm | 249Read More...Monster Beverage's (NASDAQ: MNST) second-quarter earnings beat got mixed reviews from analysts who noted a broad slowdown in the industry that hurt sales. The non-carbonated soft-drink maker posted earnings of $0.81 per share, $0.06 ahead of expectations. Revenue grew 8.9 percent, including...
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Jefferies Initiates Coverage Across The Beverage Sector
Tuesday, June 10, 2014 - 2:18pm | 562Read More...Jefferies analyst Kevin Grundy on Monday initiated coverage on the beverage sector. Companies To Buy Jefferies initiated coverage on PepsiCo (NYSE: PEP) with a Buy rating and $102.00 price target. The analyst is optimistic on the company's brand, margins, favorable tailwinds and market...
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UPDATE: Jefferies Initiates Coverage On Monster, Optimistic On Sales Growth And Expansion
Tuesday, June 10, 2014 - 12:39pm | 189Read More...In a report published Monday, Jefferies analyst Kevin Grundy initiated coverage on Monster Beverage (NASDAQ: MNST) with a Buy rating and $82.00 price target. Grundy noted that Monster is the “best secular growth story in the LRB space,” with high expectations for U.S. sales growth and international...
