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Stock Market & Financial Investment News

News Breaks
August 21, 2014
11:54 EDTWWAV, HAINWhiteWave Foods retreats after analyst cuts rating
Shares of WhiteWave Foods (WWAV) are falling after research firm Longbow downgraded the stock to Neutral from Buy, citing concerns about competition and valuation. WhiteWave Foods markets organic foods, including substitutes for traditional milk products. It also sells traditional dairy products. WHAT'S NEW: Wal-Mart (WMT) appears to have introduced private label almond milk products at nearly all the locations checked by Longbow over the last two months, the firmís analyst Philip Terpolilli wrote in a note to investors today. The giant retailer has devoted more space to these private label brands, which cost about 25% less than the almond milk marketed by WhiteWave, the analyst stated. Although the private label almond milk mainly replaced other private label dairy items on shelves, WhiteWave products did lose some shelf space, the analyst stated. However, the company's almond milk did not lose any shelf space, he noted. Meanwhile, demand for WahiteWave's Horizon brand of conventional dairy products at Whole Foods (WFM) was mixed, Terpolilli reported. On a positive note, overall demand for WhiteWave's products remains solid, said Terpolilli, with demand for specialty milk rising by low single digit percentage levels at Wal-Mart this month versus the same period in 2013 and organic milk demand rising by mid single digit levels. But the analyst noted that WhiteWave's stock had surpassed his previous $35 price target and, in the wake of the survey results, he is not convinced that the stock can rise significantly this year. However, Terpolilli continues to be upbeat on the stock's long-term outlook .WHAT'S NOTABLE: WhiteWave competitor Hain Celestial (HAIN) yesterday reported slightly better than expected Q4 results. PRICE ACTION: In late morning trading, WhiteWave fell 73c, or 2%, to $34.50.
News For WWAV;HAIN From The Last 14 Days
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April 21, 2015
10:01 EDTWWAVOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Agios Pharmaceuticals (AGIO) initiated with a Perform at Oppenheimer... Bed Bath & Beyond (BBBY) initiated with a Buy at Cantor... BioCryst (BCRX) initiated with an Outperform at FBR... Bovie Medical (BVX) initiated with an Outperform at JMP Securities... Calavo Growers (CVGW) initiated with a Buy at Janney Capital... Clorox (CLX) initiated with a Sector Weight at KeyBanc... Coach (COH) initiated with a Sell, $32 target at Cantor... Compugen (CGEN) initiated with an Outperform at Oppenheimer... Corcept Therapeutics (CORT) initiated with an Outperform at FBR Capital... Criteo (CRTO) initiated with an Outperform at Raymond James... CytRx (CYTR) initiated with an Outperform at FBR Capital... Dollar Tree (DLTR) initiated with a Buy at Cantor... Facebook (FB) initiated with a Buy at Cleveland Research... Gap (GPS) initiated with a Hold at Cantor... Genocea (GNCA) initiated with an Outperform at FBR Capital... Geron (GERN) initiated with an Outperform at Oppenheimer... Home Depot (HD) initiated with a Hold at Cantor... HubSpot (HUBS) initiated with a Buy at Needham... Jernigan Capital (JCAP) initiated with a Buy at Wunderlich... La Jolla (LJPC) initiated with an Outperform, $43 target at Oppenheimer... Lowe's (LOW) initiated with a Hold at Cantor... Lumber Liquidators (LL) initiated with a Buy, $45 target at Cantor... New Residential (NRZ) reinstated with an Outperform at Credit Suisse... Rent-A-Center (RCII) initiated with a Buy at Cantor... Ross Stores (ROST) initiated with a Hold at Cantor... Rubicon Project (RUBI) initiated with an Outperform at Raymond James... SolarCity (SCTY) initiated with an Outperform at Northland... SolarEdge (SEDG) initiated with a Buy at Canaccord... Spectrum Brands (SPB) initiated with an Overweight at KeyBanc... Summit Materials (SUM) initiated with a Buy at BB&T... Synergy Resources (SYRG) initiated with a Buy at KLR Group... Synta Pharmaceuticals (SNTA) initiated with an Outperform at FBR Capital... TJX (TJX) initiated with a Hold at Cantor... Tiffany (TIF) initiated with a Hold at Cantor... TubeMogul (TUBE) initiated with a Market Perform at Raymond James... Urban Outfitters (URBN) initiated with a Buy at Cantor... WhiteWave Foods (WWAV) initiated with a Neutral at Janney Capital... Williams-Sonoma (WSM) initiated with a Hold at Cantor... Zafgen (ZFGN) initiated with an Outperform at FBR Capital.
April 20, 2015
18:29 EDTWWAVWhiteWave Foods initiated with a Neutral at Janney Capital
Target $46.
April 17, 2015
10:00 EDTHAINOn The Fly: Analyst Downgrade Summary
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06:52 EDTHAINHain Celestial downgraded to Neutral from Buy at Longbow
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