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Coca-Cola Faces Deteriorating Environment, But BofA Says Fundamentals Remain Solid
Tuesday, April 21, 2020 - 11:57am | 352Read More...Coca-Cola Co (NYSE: KO) reported first-quarter results Tuesday that reflect a strong start to the quarter and a subsequent decline in demand, according to BofA Securities. The Coca-Cola Analyst Bryan D. Spillane maintained a Buy rating on Coca Cola with an unchanged $53 price target. The Coca-...
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Analyst Says TreeHouse Foods' Decision To Sell Snacks Division Could Boost Earnings, Cash Flow
Tuesday, July 9, 2019 - 11:42am | 363Read More...TreeHouse Foods Inc. (NYSE: THS) on Monday announced it entered into a definitive agreement to sell its snacks division to Atlas Holding for $90 million. The sale is expected to be accretive to the company’s FY2020 EPS and should also modestly boost free cash flow, according to Bank of...
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Mexican Beer Could Take A Big Spill From Trump's Victory
Wednesday, November 9, 2016 - 11:19am | 298Read More...Bryan D. Spillane of Bank of America Merrill Lynch believes the victory of Donald Trump in the 2016 U.S. presidential election creates uncertainties for Constellation Brands, Inc. (NYSE: STZ), given Trump’s stance on Mexico, especially regarding trade and immigration. Spillane downgraded the...
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BofA Double-Downgrades Hershey, Warns Nielsen Data Shows Chocolate Not Recovering
Wednesday, April 20, 2016 - 10:42am | 287Read More...Bank of America Merrill Lynch’s Bryan D. Spillane believes there are a lack of catalysts in the near term that could drive up the estimates or the stock valuation for Hershey Co (NYSE: HSY). The analyst downgraded the rating on the company from Buy to Underperform, while lowering the price...
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Mead Johnson Downgraded At BofA: Here's Why
Thursday, October 8, 2015 - 10:46am | 309Read More...Mead Johnson Nutrition CO (NYSE: MJN) shares are down 30 percent year-to-date, slipping and staying below the $80 mark since end-August. BofA Merrill Lynch’s Bryan D. Spillane downgraded the rating on the company from Neutral to Underperform, while reducing the price objective from $80...
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UPDATE: Bank Of America Downgrades General Mills As Valuation Reflects 2H Recovery
Monday, January 5, 2015 - 9:23am | 128Read More...In a report published Monday, Bank of America analyst Bryan D. Spillane downgraded the rating on General Mills, Inc. (NYSE: GIS) from Neutral to Underperform, but reiterated a $53.00 price target. In the report, Bank of America noted, “In conjunction with our 2015 Food and Beverage industry outlook...
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UPDATE: Bank Of America Upgrades Coca-Cola Enterprises On Valuation
Monday, January 5, 2015 - 9:18am | 142Read More...In a report published Monday, Bank of America analyst Bryan D. Spillane upgraded the rating on Coca-Cola Enterprises Inc (NYSE: CCE) from Neutral to Buy, and raised the price target from $50.00 to $52.00. In the report, Bank of America noted, “In connection with our 2015 year-ahead report we are...
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UPDATE: Bank Of America Downgrades Dr Pepper Snapple Group On Valuation
Monday, January 5, 2015 - 8:39am | 219Read More...In a report published Monday, Bank of America analyst Bryan D. Spillane downgraded the rating on Dr. Pepper Snapple Group Inc. (NYSE: DPS) from Neutral to Underperform, but raised the price target from $75.00 to $76.00. In the report, Bank of America noted, “In connection with our 2015 Food and...
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Keurig Green Mountain Q4 Earnings Preview
Wednesday, November 19, 2014 - 4:20pm | 209Read More...Keurig Green Mountain Inc (NASDAQ: GMCR) reports FY Q4 earnings Wednesday after the close. The company is estimated to report EPS of $0.77 on revenue of $1.16 billion. Bank of America analyst Bryan D. Spillane forecasted EPS of $0.77, in line with consensus. “We are forecasting sales...
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UPDATE: Bank Of America Reiterates On Keurig Green Mountain Ahead Of FY4Q14 Results
Monday, November 17, 2014 - 8:58am | 213Read More...In a report published Monday, Bank of America analyst Bryan D. Spillane reiterated a Neutral rating on Keurig Green Mountain Inc (NASDAQ: GMCR), and raised the price target from $145.00 to $160.00. In the report, Bank of America noted, “GMCR is expected to report FY4Q14 results after the market...
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Bank Of America Expects Solid F1Q15 Results For General Mills, Inc.
Friday, September 12, 2014 - 11:13am | 173Read More...In a report published Friday, Bank of America analyst Bryan D. Spillane reiterated a Neutral rating and $55.00 price target on General Mills, Inc. (NYSE: GIS). In the report, Bank of America noted, “GIS plans to report F1Q15 results on Wed, September 17th before the market opens. 1Q earnings are...
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Bank Of America Expects Muted F1Q Results From ConAgra Foods Inc
Friday, September 12, 2014 - 11:12am | 182Read More...In a report published Friday, Bank of America analyst Bryan D. Spillane reiterated an Underperform rating and $30.00 price target on ConAgra Foods Inc (NYSE: CAG). In the report, Bank of America noted, “CAG is scheduled to report F1Q results on Thurs, September 18th before the market opens. Our...
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Bank Of America Sees Concerns About Slowing Momentum For Constellation Brands, Inc.
Friday, September 12, 2014 - 8:24am | 108Read More...In a report published Friday, Bank of America analyst Bryan D. Spillane reiterated a Buy rating and $97.00 price target on Constellation Brands, Inc. (NYSE: STZ). In the report, Bank of America noted, “STZ shares have underperformed the market since FY1Q15 results driven in part by concerns about...
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UPDATE: Bank Of America Reiterates On TreeHouse Foods As 2Q Sales/Earnings Are Reaffirmed
Friday, July 18, 2014 - 11:13am | 166Read More...In a report published Friday, Bank of America analyst Bryan D. Spillane reiterated an Underperform rating on TreeHouse Foods (NYSE: THS), and raised the price target from $69.00 to $73.00. In the report, Bank of America noted, “After the close on 7/15/14, THS announced preliminary 2Q sales of...
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UPDATE: Bank Of America Downgrades ConAgra Foods On Mixed Factors
Thursday, June 19, 2014 - 7:58am | 144Read More...In a report published Thursday, Bank of America analyst Bryan D. Spillane downgraded the rating on ConAgra Foods (NYSE: CAG) from Buy to Underperform, and lowered the price target from $34.00 to $30.00. In the report, Bank of America noted, “We are downgrading ConAgra Foods (CAG) from Buy to...
