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Stock Market & Financial Investment News

News Breaks
January 11, 2013
08:22 EDTCPB, HSY, GIS, SJM, MDLZ, POST, HNZFood sector downgraded to Neutral from Attractive at Goldman
Goldman reduced its view on the Food sector due to valuation and challenging fundamentals. The firm downgraded General Mills (GIS) to Sell from Neutral, J.M. Smucker (SJM) to Neutral from Buy, and removed Campbell Soup (CPB) from its Conviction Buy List.
News For GIS;HNZ;MDLZ;HSY;POST;SJM;CPB From The Last 14 Days
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January 23, 2015
07:09 EDTHSYDeutsche Bank cuts Hershey on valuation, fundamental concerns
Deutsche Bank downgraded Hershey to Hold from Buy citing valuation, saying the stock is trading at a 25% premium to peers. Deutsche also has some fundamental concerns, as it believes the U.S. category could get more promotional with privately-held Mars trying to regain market share. It also thinks high end chocolate is increasing share in the U.S., and notes Hershey continues to be underrepresented in that segment. Deutsche raised its price target for Hershey shares to $111 from $109 to go along with the downgrade.
06:49 EDTHSYHershey downgraded to Hold from Buy at Deutsche Bank
January 22, 2015
10:03 EDTHSYOn the Fly: Analyst Initiation Summary
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08:49 EDTHSYHershey initiated with a Mixed view at OTR Global
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January 21, 2015
10:01 EDTHSYOn The Fly: Analyst Downgrade Summary
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10:01 EDTSJMOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ashford Hospitality (AHT) upgraded to Outperform from Neutral at Credit Suisse... BAE Systems (BAESY) upgraded to Buy from Neutral at Goldman... Bazaarvoice (BV) upgraded to Outperform from Market Perform at Cowen... Becton Dickinson (BDX) upgraded to Outperform at Cowen... CVS Health (CVS) upgraded to Buy from Neutral at Goldman... Camden Property (CPT) upgraded to Outperform from Neutral at Credit Suisse... ConocoPhillips (COP) upgraded to Buy from Neutral at BofA/Merrill... Cornerstone OnDemand (CSOD) upgraded to Buy from Neutral at DA Davidson... Cree (CREE) upgraded to Overweight at Stephens... DDR Corp. (DDR) upgraded to Outperform from Neutral at Credit Suisse... EastGroup Properties (EGP) upgraded to Outperform from Neutral at Credit Suisse... Energy Transfer Partners (ETP) upgraded to Outperform from Neutral at Credit Suisse... Esperion (ESPR) upgraded at BofA/Merrill... Exxon Mobil (XOM) upgraded to Outperform from Market Perform at Wells Fargo... FXCM (FXCM) upgraded to Market Perform from Underperform at Keefe Bruyette... Fair Isaac (FICO) upgraded to Overweight from Equal Weight at Barclays... Golar LNG (GLNG) upgraded to Buy from Hold at Nordea... Gran Tierra (GTE) upgraded to Buy at Canaccord... Host Hotels (HST) upgraded to Outperform from Neutral at Credit Suisse... J.M. Smucker (SJM) upgraded to Overweight from Neutral at JPMorgan... Kilroy Realty (KRC) upgraded to Neutral from Underperform at Credit Suisse... Level 3 (LVLT) upgraded to Outperform from Market Perform at Wells Fargo... Lowe's (LOW) upgraded to Overweight from Equal Weight at Morgan Stanley... Michael Kors (KORS) upgraded to Outperform at Cowen... Netflix (NFLX) upgraded at Nomura... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ruckus Wireless (RKUS) upgraded to Outperform from Market Perform at Northland... Santander Mexico (BSMX) upgraded to Neutral from Underperform at Credit Suisse... Scorpio Tankers (STNG) upgraded to Buy at Canaccord... Sprouts Farmers Markets (SFM) upgraded to Buy from Neutral at BofA/Merrill... Strategic Hotels (BEE) upgraded to Outperform from Neutral at Credit Suisse... The Medicines Co. (MDCO) upgraded to Outperform from Market Perform at Leerink... Whole Foods (WFM) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Neutral from Underperform at Exane BNP Paribas.
06:04 EDTSJMJ.M. Smucker upgraded to Overweight from Neutral at JPMorgan
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06:02 EDTSJM, HSYHershey downgraded to Neutral from Overweight at JPMorgan
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January 16, 2015
10:01 EDTHSYOn The Fly: Analyst Upgrade Summary
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07:23 EDTHSYHershey upgraded on input cost declines at Wells Fargo
Wells Fargo upgraded Hershey to Outperform from Market Perform saying "sudden and steep" input cost declines, coupled with a U.S. price increase, will drive better than expected gross margins. Wells points out that since Hershey's U.S. price increase of 8% in July, milk powder prices have declined by 40%, international sugar prices are down 13%, and cocoa inflation has flattened. It raised its price target range for Hershey shares to $122-$124 from $93-$95. The chocolate maker closed yesterday up $1.44 to $108.46.
05:46 EDTHSYHershey upgraded to Outperform from Market Perform at Wells Fargo
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January 15, 2015
10:37 EDTHSYKraft rises after Goldman gets less cautious on food space, ups stock to buy
Shares of Kraft Foods (KRFT) are climbing after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. WHAT'S NEW: Costs for food makers are declining as commodity prices drop, Goldman Sachs analyst Judy Hong wrote in a note to investors today. Kraft is among the U.S. food companies that benefits the most from lower costs, the analyst stated. Additionally, Kraft's pricing power is one of the strongest in the group and it is heavily exposed to the U.S. economy, the analyst stated. WHAT'S NOTABLE: Hong's upgrade of Kraft was part of a note in which she took a more balanced view of the U.S. consumer staples sector. The analyst upgraded the Food sector to Neutral from Cautious, noting that consumer staples stocks with outsized exposure to the U.S. market should be boosted by strong U.S. growth and more favorable foreign exchange dynamics than their peers. In addition to Kraft, the analyst identified the following stocks as her top picks within the consumer staples sector: Monster Beverage (MNST), Constellation Brands (STZ), Coca-Cola Enterprises (CCE), Keurig Green Mountain (GMCR), Freshpet (FRPT), Mead Johnson (MJN), and Estee Lauder (EL). Goldman also upgraded Hershey (HSY), Dr. Pepper Snapple (DPS), and Clorox (CLX), all to Neutral from Sell, downgraded cigarette maker Philip Morris (PM) to Sell from Neutral and downgraded brewer Molson Coors (TAP) to Neutral from Buy. PRICE ACTION: In early trading, Kraft climbed 3.7% to $65 per share.
10:00 EDTHSYOn The Fly: Analyst Upgrade Summary
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09:46 EDTCPBCampbell Soup management to meet with Deutsche Bank
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06:30 EDTHSYHershey upgraded to Neutral from Sell at Goldman
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January 14, 2015
09:54 EDTCPBMcDonald's slips after Ackman says rumored investment 'unlikely'
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January 12, 2015
10:34 EDTGIS, CPB, SJM, POST, MDLZ, HSYFood makers slip as Citi highlights headwinds with downgrades in space
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10:00 EDTMDLZ, CPBOn The Fly: Analyst Downgrade Summary
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06:16 EDTMDLZMondelez downgraded to Neutral from Buy at Citigroup
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06:15 EDTCPBCampbell Soup downgraded to Sell from Neutral at Citigroup
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