Matthew Grainger

In a report published Monday, Morgan Stanley analyst Matthew Grainger reiterated an Equal-Weight rating on Mead Johnson Nutrition (NYSE: MJN), but removed the $98.00 price target. In the report, Morgan Stanley noted, “While we forecast ~170 and ~10 bps of gross and operating margin contraction in...

In a report published Wednesday, Morgan Stanley analyst Matthew Grainger reiterated an Equal-Weight rating on Reynolds American (NYSE: RAI), and raised the price target from $56.00 to $59.00. In the report, Morgan Stanley noted, “RAI delivered solid overall Q3 results, benefiting from above-...

In a report published Friday, Morgan Stanley analyst Matthew Grainger reiterated an Overweight rating and $92.00 price target on Philip Morris International Inc. (NYSE: PM). In the report, Morgan Stanley noted, “Solid Q3 results further de-risk 2014, while also providing scope for Q4 reinvestment...

In a report published Tuesday, Morgan Stanley analyst Matthew Grainger downgraded the rating on Kellogg Company (NYSE: K) from Equal-Weight to Underweight, and lowered the price target from $59.00 to $58.00. In the report, Morgan Stanley noted, “We downgrade K to UW with a $58 PT, given likely...

In a report published Friday, Morgan Stanley analyst Matthew Grainger reiterated an Equal-Weight rating on ConAgra Foods Inc (NYSE: CAG), and raised the price target from $30.00 to $32.00. In the report, Morgan Stanley noted, “Q1 results exceeded muted expectations and offered some encouraging...

In a report published Thursday, Morgan Stanley analyst Matthew Grainger reiterated an Overweight rating on WhiteWave Foods Co (NYSE: WWAV), but removed the $37.00 price target. In the report, Morgan Stanley noted, “WWAV yesterday announced an agreement to acquire the So Delicious Dairy Free brand...

In a report published Monday, Morgan Stanley analyst Matthew Grainger reiterated an Overweight rating on WhiteWave Foods Co (NYSE: WWAV), but removed the $37.00 price target. In the report, Morgan Stanley noted, “WWAV on Friday completed an offering of $500 million in 5.375% 8-year notes, which...

In a report published Tuesday, Morgan Stanley analyst Matthew Grainger reiterated an Underweight rating on General Mills, Inc. (NYSE: GIS), but removed the $51.00 price target. In the report, Morgan Stanley noted, “We view Mills' announced acquisition of BNNY for 22x 2015e EV/EBITDA as...

In a report published Wednesday, Morgan Stanley analyst Matthew Grainger reiterated an Equal-Weight rating and $100.00 price target on Hershey (NYSE: HSY). In the report, Morgan Stanley noted, “HSY delivered mixed news after yesterday's close, announcing a long-awaited price increase across its US...

In a report published Tuesday, Morgan Stanley analyst Matthew Grainger reiterated an Underweight rating and $39.00 price target on Campbell Soup Company (NYSE: CPB). In the report, Morgan Stanley noted, “We remain UW ahead of CPB's upcoming Investor Meeting, as we believe an abundance of business...

In a report published Tuesday, Morgan Stanley analyst Matthew Grainger resumed coverage on Pinnacle Foods (NYSE: PF) with an Equal-Weight rating and $32.00 price target, down from $36.00. In the report, Morgan Stanley noted, “We are resuming coverage of PF at Equal-weight with a 12-month PT of $32...

In a report published Monday, Morgan Stanley analyst Matthew Grainger reiterated an Underweight rating and $51.00 price target on General Mills (NYSE: GIS). In the report, Morgan Stanley noted, “We can see a path for GIS to provide in-line (i.e., +7-9%) initial F15 EPS guidance, but believe US...

In a report published Monday, Morgan Stanley analyst Matthew Grainger reiterated an Overweight rating on WhiteWave Foods (NYSE: WWAV), and raised the price target from $33.00 to $35.00. In the report, Morgan Stanley noted, “Our meetings highlighted strong overall momentum and potential upside from...

In a report published Tuesday, Morgan Stanley analyst Matthew Grainger reiterated an Equal-Weight rating and $101.00 price target on The J.M. Smucker Company (NYSE: SJM). In the report, Morgan Stanley noted, “Coming off a disappointing F14, we see potential for SJM to gradually re-rate vs. peers in...

In a report published Tuesday, Morgan Stanley analyst Matthew Grainger reiterated an Underweight rating on Campbell Soup (NYSE: CPB), and raised the price target from $38.00 to $39.00. In the report, Morgan Stanley noted, “Despite modestly above-consensus 3Q EPS, the combination of reduced FY...