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News Breaks
June 26, 2014
07:35 EDTTAP, BUDMolson Coors price target raised to $87 from $76 at Stifel
Stifel increased its price target on Molson Coors (TAP) for several reasons, including the firm's belief that there is now a 50% chance that AB InBev (BUD) will try to buy SABMiller (SBMRY) over the next year, up from 30% previously. Additionally, Stifel reports that Molson Coors plans to cut costs in Canada more than previously expected, and the firm still expects the company to increase its dividend about 10% and resume share repurchases next year. The firm keeps a Buy rating on Molson Coors.
News For TAP;BUD From The Last 14 Days
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May 6, 2015
10:59 EDTTAPMolson Coors to hold a conference call
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05:59 EDTBUDAB InBev sees FY15 revenue per hl to grow organically in line with inflation
AB InBev provided the following FY15 guidance, "In the U.S.: We expect industry volumes to improve in FY15 compared to FY14. We expect STWs and STRs to converge on a full year basis. In Mexico: We expect beer industry volumes to continue to grow in FY15, driven by the economy and our own commercial initiatives. In Brazil: We expect our net revenues to grow by mid to high single digits, helped by continuing growth in premium. In China: We expect beer industry volumes to return to growth in FY15. We expect our revenue per hl to continue to be driven by favorable brand mix. Total AB InBev: We expect revenue per hl to grow organically in line with inflation, on a constant geographic basis, as a result of our revenue management initiatives and continued improvements in mix."
05:56 EDTBUDAB InBev reports Q1 normalized EPS $1.40, consensus $1.01
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May 5, 2015
15:02 EDTBUDNotable companies reporting before tomorrow's open
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14:42 EDTBUDAB InBev technical comments ahead of earnings
The primary feature of note on the chart is an active double top pattern which has minimum downside potential to the $112 area. That level is close to the bullish gap up in price back in January. If the news is bearish, the pattern may complete. Additional downside levels to watch below $112 on a negative surprise would be at $109.71 and $107.18. If the news is more bullish than traders appear to expect, the first significant resistance level would be at $123.48. Thereafter additional resistance levels would be at $125.57 and $128.35, which is the 52-week high. The average one year analyst price target according to data from Thomson/First Call is at $130.77.
May 4, 2015
10:00 EDTBUDOn The Fly: Analyst Downgrade Summary
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07:42 EDTBUD, BUDAB InBev downgraded to Underperform from Outperform at CLSA
April 30, 2015
09:03 EDTBUDAB InBev reports Goudet to replace Storm as chairman
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