Market Overview

UPDATE: Stifel Nicolaus Downgrades Cott Corporation to Hold on Valuation, Topline Trends

Related COT
Top 4 NYSE Stocks In The Beverages-Soft Drinks Industry With The Highest EPS Growth Forecast For Next Year
Benzinga's Top Upgrades
Cott Announces Date for Third Quarter 2015 Earnings Release and Conference Call (GuruFocus)

Stifel Nicolaus reduced its rating on Cott Corporation (NYSE: COT) from Buy to Hold and suspended its previous $10 price target.

Stifel Nicolaus commented, "Metrics continue to be attractive versus peers (e.g., 6.2x 2013E EBITDA), but the shares have performed well year-to-date, up 37.4%, versus a 12.1% increase for the S&P500. … 3Q produced disappointing revenues (e.g., North America volume down 11%, estimated down 2%), and scanner data across channels and for Wal-mart, Cott's largest customer (approximately 32% of revenue), shows more of the same so far in 4Q. … Insider activity since summer has been lopsided in favor of selling."

Cott Corporation closed at $8.60 on Monday.

Latest Ratings for COT

Sep 2015RBC CapitalUpgradesSector PerformOutperform
Jul 2015Credit SuisseInitiates Coverage onOutperform
May 2015JefferiesMaintainsHold

View More Analyst Ratings for COT
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Intraday Update Analyst Ratings


Related Articles (COT)

View Comments and Join the Discussion!

Get Benzinga's Newsletters