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 (NYSE:
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.
Thursday Sector Leaders: Auto Dealerships, Paper & Forest Products
Related symbols: GPI, KMX, UFS, VRS
Thursday Sector Laggards: Precious Metals, Textiles
Related symbols: TRX, FSM, SKX, ZQK
Wednesday Sector Leaders: Sporting Goods & Activities, Music & Electronics Stores
Related symbols: SIX, FUN, VOXX, HGG
Thursday's ETF with Unusual Volume: DTN
Related symbols: DTN, T, MSFT, CAT
Thursday's ETF Movers: XBI, GDXJ
Related symbols: SGMO, AMAG, BCM.CA, PG.CA, GDXJ, XBI
FXZ, GASL: Big ETF Inflows
Related symbols: FXZ, GASL, RKT, UFS, APC, APA
Daily Dividend Report: CMCSA, DD, TWC, AAL, VLO
Related symbols: CMCSA, DD, TWC, AAL, VLO
Daily Dividend Report: V, ENB, STX, PH, C
Related symbols: V, ENB, STX, PH, C
Daily Dividend Report: SPG, MCK, BBT, TROW, STJ, TXT, CNP, BC
Related symbols: SPG, MCK, BBT, TROW, STJ, TXT, CNP, BC
Weekly Market Wrap: October 17, 2014
Related symbols: AMD, BAC, AAPL, GE, JNJ, PAYX, CCL, SWK
Weekly Market Wrap: October 10, 2014
Related symbols: BAC, MU, INTC, GTAT, CAT, WAG, F, KRFT, ALG
Weekly Market Wrap: October 3, 2014
Related symbols: COP, GLW, PSX, MUR, IR, BAC, AAPL, MDT
Week Ahead Market Report: October 20, 2014
Related symbols: BAC, AAPL, PFE, AOS, KMB, ABT, DOW, GM, MMM, AAL, DPS, LLY, LO, B, CL, PG, UPS
About The Week Ahead Market Report
Week Ahead Market Report: October 13, 2014
Related symbols: BAC, CSX, AAPL, FB, SIRI, C, JPM, INTC, AXP, EBAY, NFLX, AMD, BHI, COF, BK, GE, MS
All videos » |
Stock market definitions »
Goldman Rates Beam a Buy, Cuts Lorillard Rating
| Market News Video | Copyright © 2008 - 2014, 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.