S&P Equity Research Downgrades Consumer Staples to Marketweight
More News related to ACV
- Alberto-Culve (ACV) Posts Q4 EPS of $0.33, Beats By 1c
- Alberto Culver Reports Solid Fourth Quarter & Fiscal Year 2009 Growth in Organic Revenue and Diluted Earnings per Share from Continuing Operations
- Trading Radar for 10.26: Verizon (VZ), Corning (GLW) ,McGraw-Hill (MHP), Radio Shack (RSH), Alberto Culver (ACV) Report
- Alberto Culver Confirms Schedule for Earnings Release and Conference Call
- Notable Analyst Rating Changes 10/7: BAC, KO, DIS, TWC Upgrade; STJ, TSM, ACV, LYG, RBN Downgrade
More News related to CL
- Atlantic Equities Upgrades Colgate-Palmolive (CL) to Overweight
- Notable Mergers and Acquisitions of the Day 11/19: BX, AGU/CF, PRIM, CL
- Faber Said His Sources Don't See a Reckett/Colgate-Palmolive (CL) Merger
- Colgate-Palmolive (CL) Won't Comment to NYSE On Today's Unusual Market Activity
- Colgate-Palmolive (CL) options active as shares rally
More News related to KMB
- Kimberly-Clark Corporation Completes Tender Offer for I-Flow Corporation
- Kleenex Brand Offers Tissues To Teary New York Football Coach
- Smith Family of Nashville, Tenn., Wins Second Annual National Family PLUS Cook-Off
- Kimberly-Clark (KMB) Decalres $0.60 Quarterly Dividend; 3.7% Yield
- Kimberly-Clark Declares Quarterly Dividend
S&P Equity Research downgrades recommended Consumer Staples weighting to Marketweight.
S&P analyst, A. Young, says, "S&P's Equity Strategy Group downgrades the S&P 500 Consumer Staples sector to marketweight from overweight. We believe a mild U.S. recession is largely discounted in current valuations, and investor risk aversion is gradually receding, in our view. As such, we think investors will gravitate away from defensive areas into more economically sensitive sectors. In addition, we believe record raw material prices will begin to crimp Consumer Staple margins as higher input costs become harder to pass along to consumers. Lastly, our technical opinion of the sector is deteriorating." (NOTE - S&P analyst highlighted Walgreen (NYSE: WAG))
Other Consumer Staples of Note - Kimberly-Clark Corp. (NYSE: KMB), Colgate-Palmolive Co. (NYSE: CL), Procter & Gamble Co. (NYSE: PG) and Alberto-Culver Co. (NYSE: ACV).
Related Categories
DowngradesStocks Mentioned
+0.23
-0.44Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
