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Where's The Beef? Street Weighs In On Wendy's Stock
Friday, May 10, 2019 - 8:10am | 691Wendys Co (NYSE: WEN) reported first-quarter results, which one analyst says shows "uninspiring" metrics while another says the performance was " comprehensively solid." The Analysts Mizuho Securities' Jeremy Scott maintains a Neutral rating on Wendys' stock with a price...
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The Street Remains Bullish On McDonald's
Wednesday, May 1, 2019 - 1:02pm | 684McDonald's Corp (NYSE: MCD) reported first-quarter results, which came in better than expected but management's commentary of higher expenses has the Street debating the company's upside potential. The Analysts Stephens' Will Slabaugh maintains an Overweight rating on McDonald's...
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Bon Appétit: The Street Has Mostly Bullish Reaction To Darden's Q3
Friday, March 22, 2019 - 4:28pm | 800Olive Garden's parent company Darden Restaurants, Inc. (NYSE: DRI) reported Thursday with a top-and-bottom line beat in its fiscal third quarter results and lifted its full-year 2019 outlook. The following is a roundup of the Street's reaction. The Analysts Morgan Stanley's...
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Mizuho Loses Taste For Chipotle, Downgrades To Underperform
Tuesday, July 10, 2018 - 3:09pm | 338Chipotle Mexican Grill, Inc. (NYSE: CMG) is up nearly 85 percent since the firm poached CEO Brian Niccol from Taco Bell. But for some former buyers, the flavor is fading. The Rating Mizuho Securities analyst Jeremy Scott downgraded Chipotle to Underperform, but raised his price target from $300 to...
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The 'Time Has Expired' For A Chipotle Turnaround, Mizuho Says In Downgrade
Wednesday, February 7, 2018 - 12:15pm | 740Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) lost more than 10 percent after the company's fourth-quarter earnings report Tuesday failed to impress Wall Street analysts who lowered their ratings on the fast casual restaurant chain. The Analysts Mizuho Securities' Jeremy Scott...
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Sanderson Farms Downgraded After Stock Adds 40% In 3 Months
Monday, October 2, 2017 - 1:52pm | 363After a 40-percent gain in three months, analysts at Mizuho Securities feel it is prudent to no longer hold a bullish stance on Sanderson Farms, Inc. (NASDAQ: SAFM). The firm's Jeremy Scott downgraded Sanderson Farm's stock rating from Buy to Neutral but with a price target boosted from $151 to $...
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Got Beef? Tyson Food's Show-Me Story Boosted By Cattle Margins
Friday, September 29, 2017 - 1:23pm | 326Shares of Tyson Foods, Inc. (NYSE: TSN) gained more than 7 percent on Friday after the company revised its earnings outlook higher. Tyson revised its full year earnings per share guidance from a prior range of $4.95 to $5.05 to a new range of $5.20 to $5.30 per share. Looking forward to the next...
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'Grainy' Or Not, Queso Might Be The Distraction Chipotle Needs
Friday, September 22, 2017 - 2:14pm | 468Chipotle Mexican Grill, Inc. (NYSE: CMG) dipped below the $300 mark Tuesday but has since climbed back to the $315 range after the launch of queso that’s getting burned on social media. The dip’s “taste/texture is quite different from competitor products,” Mizuho analyst...
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Firmer Chicken Pricing Encourages CLSA To Upgrade Sanderson Farms To Buy
Thursday, August 18, 2016 - 2:19pm | 318CLSA has upgraded Sanderson Farms, Inc. (NASDAQ: SAFM) to Buy from Outperform, as it gains confidence that the company can sustain its margins in FY17. "The outlook for chicken margins has improved and the trough in 2017, if we can still call it that, now has a strong safety net," analyst Jeremy...
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Yum Brands And The China Chicken Contraction
Wednesday, August 10, 2016 - 1:28pm | 250A shortage of chicken supplies in China posses a risk for Yum! Brands, Inc. (NYSE: YUM) given its high level of exposure to the country. In a research report published Wednesday, Jeremy Scott of CLSA pointed out that the USDA Beijing Bureau is expecting a "more significant"...
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Seeing Limited Catalysts, CLSA Downgrades Dunkin' Brands To UnderPerform
Thursday, July 28, 2016 - 3:30pm | 282Although Dunkin' Brands Group, Inc. (NASDAQ: DNKN) has seen a robust outperformance year-to-date, CLSA analyst Jeremy Scott believes that prospects are limited to revive traffic and a slowdown in unit growth is likely. Scott downgraded the company from Outperform to Underperform, while...
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Yum Reports Big Same-Store Sales Misses, But Chinese Sales Anticipated To Rise
Thursday, July 14, 2016 - 11:14am | 349Despite Yum! Brands, Inc. (NYSE: YUM) reporting weaker-than-expected results, the stock traded up in the after-market session Wednesday. CLSA’s Jeremy Scott maintains an Underperform rating on the company, with a price target of $82. Disappointing Results “The appetite to own Yum ahead...
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CLSA On McDonald's: Expect Limited Growth In China Over Next 3 Years
Tuesday, June 7, 2016 - 5:38pm | 217CLSA's Jeremy Scott reiterated McDonald's Corporation (NYSE: MCD)'s Underperform rating and $128 price target. Scott was highly concerned with growth in China as the nation's economy deaccelerated. "The recent comp in McDonald's is likely to be muted going forward,...
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Yum Brands Up Nearly 15% In 2016; CLSA Remains Cautious On Outlook
Tuesday, June 7, 2016 - 3:49pm | 270Shares of Yum! Brands, Inc. (NYSE: YUM) had a strong start this year but since April shares have struggled to breakout. CLSA's Jeremy Scott feels the lack of upside conviction in Q2 is primarily due to brand fatigue and category exhaustion as the Chinese fast food market remains over-extended...
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CLSA's Jeremy Scott: I'm Upgrading Dunkin' On Valuation
Friday, October 2, 2015 - 10:45am | 348Dunkin Brands Group Inc (NASDAQ: DNKN) shares are down 9 percent in the last three months, trading below the $50 mark through September. CLSA's Jeremy Scott upgraded the rating on the company from Underperform to Outperform, while reducing the price target from $56 to $50. Following...