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Key Events for Consumer Stocks: February 5–9, 2018

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Key events

 The following chart shows upcoming events in the consumer sector this week.

 events

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Analysts’ rating and price changes last week

On February 2, SocGen upgraded Mondelez International (MDLZ) to “buy” from “hold” and raised the target price to $55 from $45. Of the analysts surveyed, 78% rated the stock as a “buy” and 22% rated it as a “hold.” None of the analysts rated it as a “sell.”

On February 2, Credit Suisse downgraded Hershey (HSY) to “neutral” from “outperform” and cut the target price to $115 from $129. Of the analysts surveyed, 17% rated the stock as a “buy,” 67% rated it as a “hold,” and 16% rated it as a “sell.”

On January 30, Deutsche Bank downgraded Dr Pepper Snapple Group (DPS) to “hold” from “buy” and raised the target price to $123 from $114. Wells Fargo downgraded the stock to “market perform” and raised the target price to $124 from $112. Morgan Stanley downgraded the stock to “equal weight” from “overweight” and raised the target price to $121 from $105. On February 1, BMO downgraded the stock to “market perform” from “outperform” and raised the target price to $125 from $105. Of the analysts surveyed, 23% rated the stock as a “buy” and 77% rated it as a “hold.” None of the analysts rated it as a “sell.”

On January 30, Bernstein downgraded Starbucks (SBUX) to “market perform” from “outperform” and cut the target price to $64 from $67. On February 1, Mizuho downgraded the stock to “neutral” from “buy” and cut the target price to $60 from $68. Of the analysts surveyed, 64% rated the stock as a “buy,” 33% rated it as a “hold,” and 3% rated it as a “sell.”

On January 30, Nomura downgraded Yum! Brands (YUM) to “neutral” from “buy.” Of the analysts surveyed, 42% rated the stock as a “buy” and 58% rated it as a “hold.” None of the analysts rated it as a “sell.”

On February 1, UBS downgraded Chipotle Mexican Grill (CMG) to “sell” from “neutral” and reduced the target price to $290 from $345. Of the analysts surveyed, 17% rated the stock as a “buy,” 69% rated it as a “hold,” and 14% rated it as a “sell.”

On January 31, Oppenheimer upgraded Foot Locker (FL) to “outperform.” Of the analysts surveyed, 52% rated the stock as a “buy,” 38% rated it as a “hold,” and 10% rated it as a “sell.”

On January 29, Wells Fargo downgraded CBS (CBS) to “market-perform” and reduced the target price to $63 from $70. Of the analysts surveyed, 64% rated the stock as a “buy” and 35% rated it as a “hold.” None of the analysts rated it as a “sell.”

On January 29, UBS downgraded Wynn Resorts (WYNN) to “neutral” from “buy” and raised the target price to $194 from $174. Of the analysts surveyed, 44% rated the stock as a “buy” and 56% rated it as a “hold.” None of the analysts rated it as a “sell.”

On February 2, Bank of America Merrill Lynch downgraded Tractor Supply (TSCO) to “underperform” from “buy” and cut the target price to $69 from $84. Of the analysts surveyed, 18% rated the stock as a “buy,” 78% rated it as a “hold,” and 4% rated it as a “sell.”

For more information, visit Market Realist’s Consumer Discretionary and Consumer Staples pages.

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