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Estee Lauder Wins Over Another Analyst: Why RBC Is Turning Bullish
Monday, August 24, 2020 - 10:39am | 447Read More...Estee Lauder Companies Inc (NYSE: EL) won over another Street analyst Monday, as RBC Capital Markets sees the beauty company as being run by one of the best management teams. The Estee Lauder Analyst: Nik Modi upgraded Estee Lauder from Sector Perform to Outperform with a price target lifted from $...
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Boston Beer Analyst Says It's Truly Well-Positioned In Hard Seltzer Category, Raises Price Target
Monday, June 8, 2020 - 12:48pm | 451Read More...The hard seltzer category will continue to grow, but one of the winners in the space today, Boston Beer Company Inc (NYSE: SAM), will remain a leader, according to RBC Capital Markets. The Boston Beer Analyst: Nik Modi maintained an Outperform rating on Boston Beer Company's stock with a...
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Altria, Philip Morris Discuss Reunion Merger: Analyst Says Deal Makes 'Strategic Sense'
Tuesday, August 27, 2019 - 12:49pm | 357Read More...Cigarette maker Philip Morris International Inc. (NYSE: PM) said Tuesday it's in discussions about the possibility of reuniting with industry leader Altria Group, Inc. (NYSE: MO) in a possible blocbuster all-stock merger that would create a massive $200-billion-plus company...
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The Street Debates PepsiCo's Q2 Earnings, Outlook
Wednesday, July 10, 2019 - 1:11pm | 566Read More...PepsiCo, Inc. (NASDAQ:PEP) reported Tuesday second-quarter results highlighted by every segment showing positive growth for the first time in recent memory. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts RBC Capital Markets' Nik Modi maintains...
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Analysts: Estée Lauder's Strength Isn't Just Cosmetic
Thursday, March 7, 2019 - 12:39pm | 577Read More...Estée Lauder Companies (NYSE: EL) put on its best face at its Wednesday investor day in New York, and several analysts said they remain impressed with the company’s strong foundation. Investors have already accounted for much of the iconic cosmetic company's strength, though,...
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The Street's Reaction To Coca-Cola's Dip
Friday, February 15, 2019 - 10:25am | 639Read More...Shares of beverage giant and Dow Jones component The Coca-Cola Co (NYSE: KO) lost more than 8 percent Thursday in reaction to a weak earnings report and a cautious guidance for 2019. Here is a reaction of how some of the Street's top analysts reacted to the print. The Analysts Citi's Wendy...
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Altria's Problems Baked Into Price, Now A Buy At RBC
Monday, April 30, 2018 - 12:48pm | 363Read More...Altria Group Inc (NYSE: MO) has declined 20 percent year-to-date, and one Street expert thinks the new valuation well accounts for enduring fundamental and macro concerns. The Rating RBC Capital Markets analyst Nik Modi upgraded Altria to Outperform and maintained a $65 price target on the stock...
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4 Reasons For A Constellation Selloff
Tuesday, January 3, 2017 - 11:14am | 319Read More...Since the election, shares of Constellation Brands, Inc. (NYSE: STZ) have lost 8 percent, underperforming the S&P 500 by 13 percent. However, the company may still post robust November quarter results, with in-line EPS and a revenue beat, RBC Capital Markets’ Nik Modi said in a report. He...
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A Cheat Sheet For Constellation Brands' Upcoming Q2
Tuesday, October 4, 2016 - 10:21am | 324Read More...The fundamentals of Constellation Brands, Inc’s (NYSE: STZ) beer business remain superior, despite the challenging industry backdrop, while the company’s wine share momentum continues, RBC Capital Markets’ Nik Modi said in a report. He maintained an Outperform rating on the...
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RBC: Procter & Gamble Needs 4-5% Revenue Growth To Justify Its Relative Alpha, Something That's Not Possible For Now
Tuesday, April 5, 2016 - 10:49am | 280Read More...Procter & Gamble Co (NYSE: PG) seems to be finally making efforts to achieve a turnaround. RBC Capital Markets’ Nik Modi maintained a Sector Perform rating for the company, with a price target of $76. Addressing Key Concerns Over the past five years, Procter & Gamble has been...
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RBC: Coca-Cola Is Our Top Mega-Cap Idea
Thursday, March 10, 2016 - 10:25am | 293Read More...RBC Capital’s Nik Modi maintained an Outperform rating on The Coca-Cola Co (NYSE: KO), while raising the price target from $47 to $51. Top Mega-Cap Idea Naming the stock as RBC Capital’s favorite mega-cap idea, Modi mentioned that greater upside was expected for Coca-Cola than its...
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Jarden's Track Record Is What Matters For Investors
Tuesday, November 3, 2015 - 11:22am | 321Read More...Jarden Corp (NYSE: JAH) shares have declined 15.45 percent over the past three months, hitting a low of $44.53 on October 29. RBC Capital’s Nik Modi has upgraded the rating on the company from Outperform to Top Pick, with a price target of $60. The recent sell-off in the stock and...
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Dr Pepper Upgraded By RBC, Firm Says It Had 'Wrong Diagnosis'
Tuesday, October 27, 2015 - 10:17am | 379Read More...Dr Pepper Snapple Group Inc. (NYSE: DPS) shares have climbed 16 percent in the last three months, even after hitting a low of $75.02 on August 25. RBC Capital Markets’ Nik Modi upgraded the rating for the company from Underperform to Sector Perform, while raising the price target from...
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Why RBC Sees 'Short-Term Disruption, Long-Term Opportunity' At Monster Beverage
Friday, May 8, 2015 - 12:18pm | 343Read More...In a report published Thursday, RBC Capital Markets analyst Nik Modi commented on Monster Beverage Corp (NASDAQ: MNST)'s first quarter results which signaled the company's long-term opportunity remains intact despite short-term disruptions. Modi noted that Monster missed both the...
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Reynolds American Remains A 'Top Pick' At RBC Capital
Monday, April 20, 2015 - 9:20am | 234Read More...RBC Capital Markets issued a company report on Reynolds American, Inc. (NYSE: RAI) reiterating the tobacco company as a Top Pick and raised Reynolds' price target from $83 to $90. Analysts Nik Modi and Russell Miller wrote, "RAI started 2015 on a great footing, posting impressive results across all...
