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Stock Market & Financial Investment News

News Breaks
January 11, 2013
08:22 EDTGIS, HNZ, MDLZ, HSY, POST, SJM, CPBFood 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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April 16, 2014
12:16 EDTPOSTPost likely to beat out Tyson for Michael Foods, WSJ says
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April 11, 2014
15:44 EDTPOSTTyson, Post final contenders to buy Michael Foods, Reuters says
Michael Foods, the egg and dairy products maker that has been put up for sale by Goldman Sachs' (GS) private equity arm, is evaluating binding bids from Tyson (TSN) and Post (POST) and is near a deal to be sold to one of the two for close to $2.5B, according to Reuters, citing people familiar with the matter. Reference Link
April 10, 2014
07:31 EDTMDLZMondelez spends $110M on new Russia factory, Bloomberg says
Mondelez is planning to spend $110M on a new plant in Russia, which will add enough capacity to make 50K tons of snacks annually, according to Bloomberg, citing comments from company spokesman Michael Mitchell. The new factory is projected to create 180 jobs. Reference Link
April 9, 2014
13:35 EDTHSY, MDLZHershey melts after Goldman downgrade
Shares of chocolate maker Hershey (HSY) are falling after Goldman Sachs lowered its rating on the stock to a Sell. WHAT'S NEW: After the market closed last night, Goldman Sachs downgraded Hershey to Sell from Neutral, saying the stock is "priced for perfection" and that the company's cycle of strong earnings growth will end. Goldman lowered its price target for the stock to $90 from $105. Goldman Sachs analysts Jason English, Sean King and Manpreet Sethl were cautious on Hershey, saying that they expect the company's domestic momentum to fade. Goldman lowered its earnings per share estimates for Hershey's fiscal years 2014 through 2016 by 3%-6% to reflect lower sales and margin projections. While they said that they still perceive Hershey as a "best-in-breed company" whose international momentum will continue, the analysts believe expectations for the company are on the verge of turning more negative. OTHERS TO WATCH: Other companies in the chocolate industry include Nestle (NSRGY) and Mondelez (MDLZ), which owns Cadbury. PRICE ACTION: During afternoon trading, shares of Hershey fell $2.57 or $2.53%, to $99.15.
10:06 EDTMDLZOn The Fly: Analyst Initiation Summary
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10:06 EDTHSYOn The Fly: Analyst Downgrade Summary
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05:42 EDTHSYHershey downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded its rating on Hershey (HSY) shares to Sell from Neutral saying the stock is priced for perfection and the company's cycle of strong earnings growth is ending. Goldman lowered its price target for the stock to $90 from $105. Shares of Hershey closed yesterday down $1.28 to $101.72.
April 8, 2014
16:07 EDTMDLZMondelez initiated with a Reduce at Nomura
Target $31.
April 4, 2014
10:02 EDTGISOn The Fly: Analyst Downgrade Summary
Antero Resources (AR) downgraded to Buy from Strong Buy at ISI Group... Cobalt (CIE) downgraded to Buy from Strong Buy at ISI Group... Franklin Resources (BEN) downgraded to Market Perform at Keefe Bruyette... Hasbro (HAS) downgraded to Hold from Buy at Needham... PPL Corp. (PPL) downgraded to Neutral from Outperform at Macquarie... Sonic (SONC) downgraded to Neutral from Buy at Buckingham... Vodafone (VOD) downgraded to Neutral from Buy at Nomura... AutoZone (AZO) downgraded to Neutral from Outperform at RW Baird... Advance Auto Parts (AAP) downgraded to Neutral from Outperform at RW Baird... LinnCo (LNCO) downgraded to Neutral from Buy at Citigroup... LINN Energy (LINE) downgraded to Neutral from Buy at Citigroup... General Mills (GIS) downgraded to Hold from Buy at Argus.
07:33 EDTGISGeneral Mills downgraded to Hold from Buy at Argus
Argus downgraded General Mills due to a weaker outlook for yogurt sales and the cereal business.
April 3, 2014
10:00 EDTSJMOn The Fly: Analyst Initiation Summary
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09:37 EDTMDLZActive equity options trading on open
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06:42 EDTSJMJ.M. Smucker initiated with an Equal Weight at Morgan Stanley
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