Monday, April 20, 2015

Analysts' Actions -- Colgate-Palmolive, General Mills, Hershey and More

NEW YORK (TheStreet) -- RATINGS CHANGES Church & Dwight was downgraded to neutral from buy at Goldman Sachs. Valuation call, based on a 12-month price target of $88, Goldman said. Citigroup was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: C Ratings Report.Must Read: Warren Buffett's 7 Secrets to Dividend Investing Revealed Colgate-Palmolive was downgraded at Goldman Sachs to sell from neutral. Twelve-month price target is $64. CL's foreign-exchange exposure is substantial and some investors underestimate the margin implications, Goldman Sachs said. General Mills was upgraded at Goldman Sachs to neutral from sell. Twelve-month price target is $56. Risk of event optionality is building in food, and fundamentals for General Mills better than expected given a portfolio that appears less unbalanced than peers, Goldman Sachs said. Hershey was initiated with a "reduce" rating at Nomura. Valuation call, based on a 12-month price target of $88, Nomura said. Michael Kors was downgraded at Mizuho to neutral from buy. Twelve-month price target is $70. Survey suggests a seasonal slowing in purchasing, Mizuho said. Medivation was downgraded at Credit Suisse to neutral from outperform. Twelve-month price target is $115. New analyst believes the company is facing growth headwinds, Credit Suisse said. Marathon Oil was upgraded at Morgan Stanley to overweight from equal-weight. Twelve-month price target is $37. Valuation call, as the stock has lagged its peers in 2015, Morgan Stanley said. Schlumberger was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: SLB Ratings Report. Smith & Wesson was initiated with a sector-perform rating at RBC Capital Markets. Twelve-month price target is $16. Firearms sales are rebounding more quickly than most anticipated, and this has helped the stock rally more than 61% year to date, RBC Capital Markets said. Symantec was upgraded at Jefferies to hold from underperform. Twelve-month price target is $21. Analysts upgraded the stock after Symantec's analyst day, given a lack of negative catalysts on the horizon and optionality in various breakup scenarios, Jefferies said. Must Read: Warren Buffett's Top 10 Dividend Stocks Editor's note: To see analysts' stock comments and changes to price targets and earnings estimates, go to "Street Notes," which is available only to Real Money subscribers. To find out how to become a subscriber, please click here. Follow TheStreet on Twitter and become a fan on Facebook.

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