Underperformers last week
Last week, Bank of America Merrill Lynch cut its target price for Kraft Heinz (KHC) to $85 from $100, and UBS cut its target price to $73 from $80. The stock fell 2.8% last week.
On April 3, Jefferies cut its target price for Walgreens Boots Alliance (WBA) to $85 from $93 and assigned it a “buy” rating. Of analysts surveyed, 54% recommended “buy” and 46% recommended “hold.” There were no “sell” recommendations. The stock fell 3.1% last week.
Virginia-based used car retailer CarMax (KMX) announced its fiscal 4Q18 results on April 4. Its revenue grew 0.8% YoY (year-over-year) to $4.08 billion from $4.05 billion, and its EPS (earnings per share) fell ~5.0% YoY to $0.77 from $0.81. Its revenue and EPS missed estimates by 2.1% and 11.4%, respectively. The stock fell 2.6% last week.
Tyson Foods (TSN) stock fell 4.2% last week after news hit that China had retaliated against proposed US tariffs by announcing tariffs of up to 25% on US pork. On April 5, Citigroup reduced its target price for Molson Coors Brewing (TAP) from $102 to $88. The stock fell 2.9% last week.