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Constellation Brands Has 'Very Real' Beverage Production Risks, MKM Says In Downgrade
Friday, May 8, 2020 - 12:25pm | 373Certain beverage brands and pack sizes from Constellation Brands, Inc. (NYSE: STZ) are already facing availability issues, and the company's number of products out of stock could increase through June, regardless of Mexico’s decision to permit production, according to MKM...
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Wall Street Reacts To Twitter's Mixed Quarter: Positioning For 2021?
Friday, May 1, 2020 - 1:10pm | 681Twitter Inc (NYSE: TWTR) shares were down 5% on Friday after the company reported an earning beat in the first quarter but failed to reassure investors that its advertising business has stabilized in the current quarter. Twitter reported first-quarter earnings per share of 11 cents on $808 million...
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Amazon Analysts React To Q1 Earnings: Stock Sell-Off Is Short-Sighted
Friday, May 1, 2020 - 11:55am | 1036Amazon.com, Inc. (NASDAQ: AMZN) shares traded lower by more than 7% on Friday after the company missed first-quarter earnings estimates and said it plans to spend $4 billion in the second quarter combatting the coronavirus (COVID-19). Amazon reported first-quarter EPS of $5.01, short of consensus...
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Wall Street Weighs In On Facebook's Big Quarter: Innovation Accelerates Amid Pandemic
Thursday, April 30, 2020 - 11:33am | 837Facebook, Inc. (NASDAQ: FB) shares jumped 5.9% on Thursday after the company reported that ad revenue has stabilized following a steep drop in March. On Wednesday afternoon, Facebook reported first-quarter revenue of $17.74 billion, up 18% from a year ago. The social media giant also reported 2.99...
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7 Starbucks Analysts On How The Coffee Giant Is Weathering A Pandemic
Wednesday, April 29, 2020 - 3:29pm | 1160Global coffee chain Starbucks Corporation (NASDAQ: SBUX) reported second-quarter results Tuesday that were notable for the disruption to its business from the coronavirus pandemic. Here's how the Street reacted. The Starbucks Analysts Oppenheimer analyst Brian Bittner maintained...
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WWE Could Still Have A Record Year In 2020
Friday, April 10, 2020 - 12:00pm | 491World Wrestling Entertainment, Inc. (NYSE: WWE) has had a brutal 2020 up to this point, but at least one analyst said Thursday the company could still have a record year. The WWE Analyst MKM Partners analyst Eric Handler reiterated his Buy rating for WWE, but cut his price target from $58 to $48....
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Wendy's Charts Could Hint At McDonald's Future, Technician Says
Thursday, April 9, 2020 - 2:51pm | 429Investors who want to own a fast food stock need to have "the stomach" to continue tolerating major volatility going forward, MKM Partners chief market technician JC O'Hara said on CNBC's "Trading Nation." 'Positive Read-Through' From Wendy's One...
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MKM Says Bankruptcy Possible For AMC Entertainment As Movie Theaters Sit Empty
Thursday, April 9, 2020 - 12:48pm | 426With theaters likely to remain closed until August as a result of the coronavirus pandemic, the fate of National CineMedia, Inc. (NASDAQ: NCMI) and AMC Entertainment Holdings Inc (NYSE: AMC) will depend on their liquidity profile, according to MKM Partners. National CineMedia: Shaken But Still...
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MKM Has 'More Comfort' In Pizza Chains, Upgrades Papa John's
Wednesday, April 1, 2020 - 12:55pm | 405Pizza delivery chains are "better positioned" compared to other restaurant chains to navigate through the coronavirus pandemic, including Papa John's Int'l, Inc./ (NASDAQ: PZZA), according to MKM Partners. The Papa John's Analyst Brett Levy upgraded Papa John's from...
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Wall Street Weighs Starbucks Coronavirus Guidance Update: 'A Little Good, A Little Bad'
Friday, March 6, 2020 - 3:54pm | 867Starbucks Corporation (NASDAQ: SBUX) provided its investors with an update on its business Thursday in the wake of the global coronavirus outbreak, and the picture wasn’t pretty. Starbucks said it is expecting a 50% drop in China revenue in the first quarter due to the outbreak. Temporary...
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Canopy Growth Analysts Back Closures, Layoffs: 'A Bold Move'
Thursday, March 5, 2020 - 12:33pm | 538Cannabis company Canopy Growth Corp (NYSE: CGC) announced a "production optimization plan" Wednesday that involves closing two facilities and slashing 500 jobs. The Canopy Growth Analysts MKM Partners’ Bill Kirk reiterated a Neutral rating on Canopy. BofA’s...
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5 Reasons To Buy Snapchat's Stock After 30% Decline
Thursday, March 5, 2020 - 10:46am | 372Shares of Snap Inc (NYSE: SNAP) have fallen 30% since the end of January and investors should be buyers of the dip, according to MKM Partners. The Snap Analyst Rohit Kulkarni upgraded Snapchat's stock from Neutral to Buy with an unchanged $19 price target. The Snap Thesis Snap's stock...
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Cronos Analyst Sees 'Compelling Value,' Upgrades Pot Stock Amid Delay In Financials
Wednesday, March 4, 2020 - 12:35pm | 424Cronos Group Inc. (NASDAQ: CRON) shares have fallen 74.84% in the last 12 months. On Monday, the company announced it is postponing the release of its financial results again. On Tuesday, Stifel downgraded the stock from Buy to Hold with a price target lowered from CA$12 ($8.95) to...
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Tilray Shares Fall After Q4 Print, Analyst Questions Positive EBITDA Projection
Tuesday, March 3, 2020 - 3:49pm | 490Tilray Inc (NASDAQ: TLRY) reported a fourth-quarter adjusted EBITDA loss of $35 million, highter than the $20.4-million loss the Street was expecting and Tilray's $13.3-million loss in the same period last year. The company posted a net loss of $219.1 million, or $2.14 per share,...
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Why This Chesapeake Energy Analyst Has A Zero Price Target
Friday, February 28, 2020 - 1:01pm | 371Chesapeake Energy Corporation (NYSE: CHK) stock peaked in the middle of the Great Recession, with shares pressing $67. In the last decade, the Street has pulled back on the stock and let its value dwindle to nickels and dimes. One analyst said Friday that even that valuation is too generous. The...