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April 15, 2014
05:25 EDTKMB, PG, ENR, CHD, CLX, CL, ELHPC sector upgraded to Neutral from Cautious at Goldman
Goldman upgraded its rating on the Home and Personal Care sector to Neutral from Cautious citing the recent pullback in shares. Goldman upgraded Estee Lauder (EL) to Conviction Buy from Buy. It has a Buy rating on Church & Dwight (CHD), Neutral ratings on Procter & Gamble (PG), Colgate-Palmolive (CL) and Energizer (ENR), an Sell ratings on Kimberly Clark (KMB) and Clorox (CLX).
News For EL;CHD;PG;CL;ENR;KMB;CLX From The Last 14 Days
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October 8, 2015
12:11 EDTENRThe London Company reports 6.38% passive stake in Energizer
October 7, 2015
12:36 EDTELYum! results may be 'bad harbinger' for Estee Lauder, says Jefferies
Jefferies analyst Kevin Grundy says his analysis suggests a 60% correlation between Estee Lauder's (EL) sales in China and Yum! Brands' (YUM) same-store-sales. Yum!'s weak China results last night "should not be easily dismissed" and may be a "bard harbinger" for Estee Lauder's quarter, Grundy tells investors in a research note. He keeps a Hold rating on Estee Lauder with Yum! shares down 18% after its weaker than expected Q3 results.
12:31 EDTELNu Skin plummets after cutting Q3 revenue outlook
Shares of Nu Skin (NUS), a global direct selling company, are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: Tuesday after the bell, Nu Skin lowered its Q3 revenue view to $570M-$573M from $600M-$620M, well below analysts' consensus estimates of $621.55M. Foreign currency headwinds associated with the strengthening of the U.S. dollar negatively impacted revenue by more than $60M compared to the prior-year period. The revised revenue range is expected to represent continued improvement on a sequential basis, and the company continues to forecast constant-currency revenue growth in the fourth quarter of 2015 versus the prior year. WHAT'S NOTABLE: Truman Hunt, Nu Skin's Chief Executive Officer, noted, "Third quarter results were impacted by lower-than-expected sales of our new cosmetic oils in China during August and September, which may be a reflection of economic conditions in China." Hunt continued, "Our third quarter results will be in-line with expectations, with the exception of the Greater China region. Revenue growth in the third quarter was particularly strong in South Asia/Pacific, where our first introduction of ageLOC Youth drove more than 20% growth in that region, or more than 40% on a constant-currency basis. Given the successful launch of ageLOC Youth in South Asia/Pacific, we look forward to the introduction of ageLOC Youth as well as ageLOC Me in most of our regions during the fourth quarter. We forecast year-over-year constant-currency revenue growth of between 7%-10% in the fourth quarter." ANALYST REACTION: Sentiment on the Street was cautious at midday. Research firm Stifel downgraded Nu Skin to Sell from Hold, citing the company's negative pre-announcement and its deteriorating trends in Greater China. Its price target for shares is $35. Another firm, Canaccord, noted that NuSkin pre-announced revenue numbers that were below guidance, which suggests softer trends in China and the long awaited sustainable turn in momentum has failed to materialize. The firm expects a new product cycle to help support the return to growth. Canaccord maintained its Hold rating and lowered its price target to $45 from $48 on NuSkin shares. PRICE ACTION: In midday trading, Nu Skin fell $12.13, or about 26%, to $34.45 on about six times its average daily trading volume. OTHERS TO WATCH: Other companies in the direct selling business include Herbalife (HLF), down 9.2%, Estee Lauder (EL), down fractionally, USANA Health Sciences (USNA) down 8.4%, Avon Products (AVP) up almost 8%, and Tupperware Brands (TUP), up 2.5%.
October 2, 2015
09:18 EDTPGFutureFuel upgraded to Buy on raised 2016 visibility at Roth Capital
Roth Capital analyst Craig Irwin upgraded FutureFuel (FF) to Buy saying the renewal of a bleach activator supply agreement with Procter & Gamble (PG) raises visibility for 2016. He raised his price target for shares to $13 from $12.
October 1, 2015
16:05 EDTPGFutureFuel extends supply agreement with Procter & Gamble
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12:56 EDTCLXClorox sees growing net sales 3%-5% annually through 2020
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September 30, 2015
13:11 EDTCLXClorox volatility flat into investor meeting
Clorox October call option implied volatility is at 23, November is at 20; compared to its 52-week range of 12 to 25, suggesting non-directional price movement into a company hosted an investor day on October 1.
September 29, 2015
12:35 EDTPG, CLPerrigo shareholders pressure company to explore sale, Reuters says
Certain Perrigo (PRGO) shareholders have requested that company explore a sale, hoping for an alternative to Mylan's (MYL) approximately $25B hostile bid, Reuters reports, citing people familiar with the matter. The pressure represents a challenge to Perrigo's defense strategy, the report says. Some of the company's shareholders view Novartis (NVS), Sanofi (SNY), Procter & Gamble (PG), and Colgate-Palmolive (CL) as potential suitors, the report says. Reference Link
11:10 EDTCLXClorox to host analyst meeting
Analyst meeting to be held in New York on October 1 at 9 am. Webcast Link
06:30 EDTCLColgate-Palmolive management to meet with RBC Capital
Meeting to be held in New York on September 29 hosted by RBC Capital.
September 28, 2015
10:00 EDTELOn The Fly: Analyst Initiation Summary
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06:42 EDTPGPerfume makers look to Wal-Mart, Target, WSJ reports
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05:58 EDTELEstee Lauder initiated with a Hold at Jefferies
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September 27, 2015
13:07 EDTENREdgewell Personal Care looks attractive, Barron's says
Shares of Edgewell Personal Care (EPC) look cheap and could "jump sharply" over the following year after seeing continuous declines since the company's split from Energizer Holdings (ENR) in early July, Barron's contends in its 'Sizing Up Small Caps' column. Aside from owning several "well-known" and high margin products in the personal care space, the relatively small company makes an "attractive and very digestible" acquisition target in an industry with traditionally high takeout multiples, Barron's argues. Reference Link

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