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Cowen: What The Sandoz Deal Means For Tilray Investors
Tuesday, December 18, 2018 - 2:38pm | 410Tilray Canada, a subsidiary of medical cannabis company Tilray Inc (NASDAQ: TLRY), entered into a global collaboration agreement with Sandoz AG, a generic pharmaceuticals and biosimilars company that's part of Novartis AG (NYSE: NVS). The agreement marks an expansion of an existing relationship...
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4 Major Market Opportunities For The Cannabis Industry
Sunday, October 14, 2018 - 1:26pm | 832Cowen analysts recently published an in-depth valuation of key players in the cannabis industry drawing from historical data and market trend. The valuation includes an outline of the potential market opportunity for the cannabis sector beyond legalization in Canada next week. Cowen's...
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Cowen Dives Into The Cannabis Industry: 'Large Market Opportunities'
Tuesday, October 9, 2018 - 2:06pm | 627Cowen has revisited its models for cannabis companies Tilray Inc. (NASDAQ: TLRY) and Canopy Growth Corp. (NYSE: CGC) amid volatility in the emerging market. The Analyst Vivien Azer maintained an Outperform rating on both Canopy Growth and Tilray. The analyst raised the price target...
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Cowen: Constellation Brands Stakeholders Have Reason To Be Confident In Canopy Growth
Tuesday, September 4, 2018 - 12:27pm | 499Cowen is taking a more constructive view on Canopy Growth Corp. (NYSE: CGC)'s early lead in the cannabis industry after a meeting with the marijuana company's management. The Analyst Cowen analyst Vivien Azer maintained an Outperform rating on Canopy Growth's Canadian stock ...
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Philip Morris' Weakness In Japan, South Korea Sparks Cowen Downgrade
Friday, July 20, 2018 - 2:09pm | 425Philip Morris International Inc. (NYSE: PM) reported second-quarter results Thursday that prompted Cowen drop its bullish stance on the cigarette maker. The Analyst Cowen's Vivien Azer downgraded Philip Morris from Outperform to Market Perform with a price target lowered...
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Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week
Friday, June 22, 2018 - 4:20pm | 2776This was a huge week for the marijuana industry: Canada became the second country in the world to legalize cannabis for recreational uses. “October 17 was set as the first day for recreational sales. Some people in the industry wanted an earlier date, but at least companies can now make plans...
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Altria Shares Pique Analyst Interest Again Following Pullback
Tuesday, September 26, 2017 - 3:53pm | 400After striking a 10-year high in June, Altria Group Inc (NYSE: MO) saw a 16-percent pullback driven largely by the Food and Drug Administration’s call to reduce cigarette nicotine. Cowen Equity Research had initially reacted to the news with a $60 price target and Hold rating, but now, amid...
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Sobering Up On SAM; Cowen Says Sell Boston Beer Co.
Monday, June 12, 2017 - 1:43pm | 447Boston Beer Company Inc (NYSE: SAM), an early pioneer and current leader in the craft beer space, has been hit hard by the rise in popularity and increasing competition of the multitude of craft brewery’s over the past few years. With shares down nearly 20 percent year to date, fundamental...
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Cannabis Adoption Getting Higher; Analyst Sees It Killing Alcohol Stocks' Buzz
Thursday, April 20, 2017 - 2:48pm | 345America’s self-medication preferences may be making a major long-term shift. In celebration of 4/20, Cowen analyst Vivien Azer took a look at what could be a coming cyclical upswing for marijuana and a cyclical downswing for alcohol. According to Azer, what’s good for the marijuana...
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Reynolds American's Disappointing Quarter Belies A Strong Growth Story
Thursday, October 20, 2016 - 10:08am | 263Reynolds American, Inc. (NYSE: RAI) third quarter earnings per share and revenue fell short of what analysts were expecting. Despite the miss, Vivien Azer of Cowen And Company reiterated an Outperform rating and $57 price target on the stock. According to the analyst, the company is still...
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With Guidance Cut Grumblings Priced In For Reynolds American Shares, Cowen Sees Possible Outperformance Ahead
Monday, August 15, 2016 - 2:18pm | 379Cowen and Company reiterated its Outperform rating on Reynolds American, Inc. (NYSE: RAI), saying that the company's better positioning with ASU30 (adult smokers under 30) consumers would propel structurally faster growth in the future. Reynolds American shares are down 6.2 percent since their pre-...
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Cowen Expects PepsiCo To Have Another Challenging Quarter
Wednesday, April 22, 2015 - 11:56am | 255Cowen and Company on Wednesday issued an update on PepsiCo, Inc. (NYSE: PEP) ahead of the company's earnings results set to be released on Thursday. Cowen and Company rate PepsiCo as Outperform with a $110 price target. Analysts Vivien Azer and Gerald Pascarelli wrote, "As the leading snack and...
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Reynolds American In Talks To Acquire Lorillard
Friday, July 11, 2014 - 10:43am | 321Reynolds American (NYSE: RAI) confirmed Friday it is in talks to acquire Lorillard (NYSE: LO). Imperial Tobacco Group PLC (OTC: ITYBY) is also negotiating with both Reynolds and Lorillard to acquire certain brands, Reynolds said. The brand acquisitions may address certain anti-trust concerns...
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Brown-Forman Corporation’s (BF.B) Coverage Initiated With A Buy Rating And $67 Price Target
Tuesday, March 30, 2010 - 12:08pm | 90Analyst Vivien Azer at Citigroup has initiated coverage for Brown-Forman Corporation (NYSE: BF.B) with Buy rating. The price target for Brown-Forman stock has been set at $67. After five consecutive years of decelerating underlying sales growth, Citigroup believes that the company is set to turn...