news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Consumer Sector Update for 01/19/2018: BERY,ADT,LVS,WYNN,MGM,PENN


Shutterstock photo

Top Consumer Stocks

WMT -0.07%

MCD +0.59%

DIS -0.03%

CVS +0.79%

KO +0.44%

Consumer stocks were mostly higher Friday afternoon, with shares of consumer staples companies in the S&P 500 adding almost 0.9% while shares of consumer discretionary firms in the S&P 500 were climbing almost 0.7% in recent trade.

In industry news,

Jefferies began coverage of several casino and gaming stocks, starting Las Vegas Sands ( LVS ) and Wynn Resorts ( WYNN ) with Buy ratings and price targets of $30 and $94 a share, respectively. The ratings shop also assigned Hold recommendations to MGM Resorts ( MGM ) and Penn National Gaming ( PENN ) in addition to respective price targets of $10, and $26 a share.

Other Analyst Actions:

Abercrombie & Fitch ( ANF ), upgrade to Buy from Hold with a $25 price target at Argus.

Altria (MO), upgrade to Buy from Hold at Jefferies.

Bloomin’ Brands (BLMN), downgrade to Sell from Neutral at Goldman Sachs.

Chipotle Mexican Grill (CMG), upgrade to Market Perform from Underperform at Raymond James

Dolphin Entertainment (DLPN), Maxim Group begins coverage with a Buy rating and a $6 price target.

Fiat Chrysler (FCAU), upgrade to Neutral from Underperform at Exane BNP Paribas.

Foot Locker (FL), upgrade to Outperform from Market Perform at Telsey Advisory Group, which increased its price target by $12 to $56.

Jack In The Box (JACK), upgrade to Buy from Neutral at Goldman Sachs.

Kraft Heinz (KHC), Jefferies begins analyst coverage with a Buy rating and a $95 price target

La Quinta Holdings (LQ), upgrade to Neutral from Sell at Goldman Sachs.

NIKE (NKE), upgrade to Outperform and a $74 price target from Neutral at Wedbush.

Netshoes (NETS), downgrade to Neutral from Buy at Goldman Sachs.

Philip Morris International (PM), upgrade to Buy to Hold at Jefferies.

SiriusXM (SIRI), upgrade to Buy from Hold at Deutsche Bank.

Wyndham Worldwide (WYN), upgrade to Buy from Neutral at Goldman Sachs.

Among consumer stocks moving on news:

+ Berry Global Group (BERY) was narrowly higher today after the consumer packaging company today disclosed plans for a $400 mln offering of second-priority senior secured notes due 2026 to fund the cash portion of its acquisition of Clopay Plastic Products. If the deal is not completed, Berry will use the proceeds to pay down senior secured debt and for general corporate purposes

In other sector news:

+ Shares of home security company ADT Inc (ADT) were higher this afternoon despite today pricing its $1.43 bln initial public offering of stock at $14 per share, below its expected $17 to $19 range.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


No Comments

Post A Comment