Goldman Rates Beam a Buy, Cuts Lorillard Rating Tuesday, October 4, 12:43 PM ET
Goldman Sachs (NYSE:
GS) is choosing its vice today.
The company rated shares of spirits producer Beam (
BEAM) a buy today, and even added the stock to its conviction buy list.
Goldman said Beam has an attractive position in its market, and may even be a takeover target. It set a $50 price target on the stock.
But, the firm downgraded cigarette maker Lorillard (
LO) from buy to neutral today.
Goldman said that while Lorillard's fundamentals and cash return are solid, it has concerns about the fundamentals of the entire U.S. cigarette market, particularly on menthols.
Beam shares are trading up on Tuesday, its first day as a separate company from Fortune Brands (
Lorillard shares are trading down about 3%.
Rival Altria (NYSE:
MO) is trading down 2%, while Reynolds American (NYSE: RAI) trades down 1.4%.
For MarketNewsVideo.com, I'm Kristin Bianco.
Friday Sector Laggards: Music & Electronics Stores, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: GME, CONN, SXC, RELY
Friday Sector Leaders: Hospital & Medical Practitioners, Entertainment Stocks
Related symbols: CYH, QHC, EROS, LGF.A
Thursday Sector Laggards: Precious Metals, Non-Precious Metals & Non-Metallic Mining Stocks
Related symbols: PPP, ASM, ATUSF, VALE
Friday's ETF with Unusual Volume: FTXO
Related symbols: FTXO, BAC, WFC, FITB
Friday's ETF Movers: ILF, REM
Related symbols: CIG, LFL, CHMI, NYMT, REM, ILF
XLF, BOIL: Big ETF Outflows
Related symbols: XLF, BOIL, BRK.B, JPM
Daily Dividend Report: UDR, HPE, MAA, MAS, LW
Related symbols: UDR, HPE, MAA, MAS, LW
Daily Dividend Report: INTC, ACN, CPB, SLG, DRI, FCH
Related symbols: INTC, ACN, CPB, SLG, DRI, FCH
Daily Dividend Report: SLW, NI, TTC, VSM, CMC, SCHL, RESI, CIO
Related symbols: SLW, NI, TTC, VSM, CMC, SCHL, RESI, CIO
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Goldman Rates Beam a Buy, Cuts Lorillard Rating
| Market News Video | Copyright © 2008 - 2017, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.