Credit Suisse Starts National Beverage (FIZZ) at Neutral, But Sees $68 Blue Sky Valuation Amid Possible DPS Takeover
- Dow opens at record high led by oil, bank stocks
- Oil tops $55 for first time in 16 months as OPEC deal fuels buying
- Consolidated Communications (CNSL) to Acquire FairPoint Communications (FRP) in $1.5B Deal
- Wall St. stock futures fall after Italy referendum
- Pre-Open Stock Movers 12/05: (FRP) (GMED) (CHK) Higher; (CERC) (HDSN) (MRVL) Lower (more...)
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
Credit Suisse initiates coverage on National Beverage (NASDAQ: FIZZ) with a Neutral rating and a price target of $55.00.
Analyst Laurent Grandet commented, "We are initiating coverage of National Beverage Corp with a Neutral rating and a $55 target price. The company's largest brand, LaCroix, is ideally positioned in the fast-growing flavored sparkling water segment. We think the company has significant optionality ahead that will drive incremental growth, margin expansion, and shareholder value. However, we think the current share price fully values these opportunities. Our EPS estimates embed an 18% CAGR through FY18; we will be the only firm with sell-side coverage."
The firm's blue sky valuation of $68 contemplates a takeout scenario (possibly by Dr Pepper Snapple).
Shares of National Beverage closed at $52.77 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Credit Suisse Upgrades National Beverage (FIZZ) to Outperform
- H.C. Wainwright Starts The Medicines Company (MDCO) at Buy
- Credit Suisse Assumes The TJX Companies (TJX) at Neutral
Create E-mail Alert Related CategoriesNew Coverage, Rumors
Related EntitiesCredit Suisse
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!