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Cereal Brand Gets Soggy After Kellanova Spin-Off, Analyst Blames Headwinds On Debt
Tuesday, October 3, 2023 - 11:43am | 297Shares of WK Kellogg Co (NYSE: KLG) declined in early trading on Tuesday, after its launch as a publicly-traded company following a separation from Kellanova (NYSE: K). A long productivity ramp and front-loaded debt build are likely to weigh on the stock, according to Goldman Sachs. The WK Kellogg...
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Kellogg Is A Growth Stock On Sale, Goldman Sachs Says In Bullish Turn
Tuesday, June 27, 2023 - 11:27am | 312Shares of Kellogg Company (NYSE: K) continued to rise on Tuesday, after receiving an upgrade from Bernstein analyst Alexia Howard. Even as other food companies may struggle to grow, Kellogg should be able to sustain growth "given its favorable end-market exposure and strong business...
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Goldman Sachs Thesis On Weight Watchers Is 'Absurd,' Fund Manager Says Why He'd Short The Stock
Wednesday, April 12, 2023 - 12:56pm | 385Shares of WW International Inc (NASDAQ:WW), the parent company of diet and fitness platform Weight Watchers, jumped almost 60% on Tuesday after a Goldman Sachs (NYSE:GS) analyst upgraded the stock and substantially raised its price target from $3.80 to $13. The upgrade came after WW confirmed the...
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Kraft Heinz Analyst Projects Gross Margin Inflection Ahead, Says Company Now Structurally Better Positioned
Monday, October 10, 2022 - 10:41am | 375While Kraft Heinz Co (NASDAQ: KHC) is well positioned to benefit from improving market dynamics and is among the few Consumer Staples stocks that do not already reflect the potential upside, according to Goldman Sachs. The Kraft Heinz Analyst: Jason English upgraded the rating on Kraft Heinz from...
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Why Is Goldman Sachs Sweet On Hershey Stock?
Thursday, April 15, 2021 - 11:54am | 242Marking the strongest growth since 2014, Hershey Co (NYSE: HSY) generated robust EBIT growth in 2020 driven by gross margin expansion “that was amplified by expense controls,” according to Goldman Sachs. The Hershey Analyst: Jason English upgraded the rating for Hershey from...
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Goldman Sachs Drops Bearish Estee Lauder Stance On Strength In China
Tuesday, September 29, 2020 - 12:28pm | 228Estee Lauder Companies Inc (NYSE: EL) is likely to witness sustained growth in Chinese consumption, according to Goldman Sachs. The Estee Lauder Analyst: Jason English upgraded Estee Lauder from Sell to Neutral and raised the price target from $147 to $231. The Estee Lauder Takeaways: Although...
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Goldman Sachs Projects Subscriber Growth For WW International
Tuesday, February 4, 2020 - 12:15pm | 327WW International Inc (NASDAQ: WW) fell hard from a $102 all-time high struck in 2018. Its one-time 206% price-to-earnings premium contracted to a present-day 7% discount. At this point, one analyst considers WW ripe for the picking. The WW Rating Goldman Sachs analyst Jason English upgraded WW...
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Goldman Sachs Upgrades Church & Dwight, Says Recent Sell-Off Presents Opportunity
Wednesday, February 6, 2019 - 1:28pm | 366Shares of Church & Dwight Co., Inc. (NYSE: CHD) fell by around 7.5 percent after the consumer goods company's fourth-quarter print. This compares with a 0.5-percent rise in the S&P 500 over the same period. There is not enough downside to the company’s shares to...
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Weight Watchers Is Unlikely To Hit Its Revenue Goal, Goldman Sachs Says In Neutral Initiation
Tuesday, September 4, 2018 - 11:04am | 366Weight Watchers International, Inc. (NYSE: WTW) deserves credit for turning around its core business, but the stock shouldn't be bought by investors at this time, according to Goldman Sachs. The Analyst Analyst Jason English initiated coverage of Weight Watchers with a Neutral rating...
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Once More Unto The Bleach: Goldman Sachs Downgrades Clorox
Wednesday, July 18, 2018 - 3:17pm | 385Decreased volume and competitive headwinds are likely to interfere with growth for The Clorox Co. (NYSE: CLX), according to Goldman Sachs. The Analyst Analyst Jason English downgraded Clorox from Neutral to Sell and lowered the price target from $127 to $112. The Thesis Goldman'...
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After A Few Tumultuous Years, Procter & Gamble's Efforts Begin To Bear Fruit
Wednesday, October 26, 2016 - 1:03pm | 201Following Procter & Gamble Co's (NYSE: PG) quarterly results, Goldman Sachs said the management's efforts are beginning to bear fruit. Improved business efforts include streamlining the company's cost structure, material pruning of portfolio, a new CEO, modest organizational...
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Amplify Snack Brands Downgraded, Removed From Goldman's Americas Buy List
Friday, October 14, 2016 - 11:25am | 200Goldman Sachs downgraded shares of Amplify Snack Brands Inc (NYSE: BETR) to Neutral and removed it from its Americas Buy List. The firm attributed the downgrade to its view that upside to its price target has shrunk. Analyst Jason English said his fundamental view of the company is unchanged...
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Path To Near-Term Outperformance Less Clear For Kimberly-Clark, Says Goldman
Monday, September 12, 2016 - 10:54am | 362Goldman Sachs’ Jason English mentioned that the expected catalyst for pulp cost relief for Kimberly Clark Corp (NYSE: KMB) has failed to emerge, while increased competition has led to a downward revision in estimates. English maintains a Buy rating on the company with a price target of $154,...
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Kraft Heinz: The Only Large-Cap Food Company Where Goldman Sees Revenue Upside
Thursday, August 11, 2016 - 10:39am | 287Goldman Sachs reiterated its Buy rating on Kraft Heinz Co (NASDAQ: KHC) saying it's the only large-cap food company where it sees revenue upside. "All in, we see a path to 3%-plus organic sales growth, though only 2% would beat the Street. We reiterate our Buy (on CL) on more than just...
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Goldman Sachs Initiates AdvancePierre Foods Holdings At Neutral, Says M&A Most Likely Only Upside Catalyst
Tuesday, August 9, 2016 - 8:47am | 205Goldman Sachs started coverage of AdvancePierre Foods Holdings Inc (NYSE: APFH) with a Neutral rating and $27 price target, saying it fails to see a compelling investment thesis from these levels absent acquisitions. The brokerage believes APFH can drive 2-3 percent annual volume growth going...