Consumer Staples

According to Jefferies, Corn Products International (NYSE: CPO) fundamentals, especially for the key North American sweetener business, remain strong, but well known and reflected in valuation. Jefferies said that upside likely, but on much smaller scale than that seen in recent quarters. “Our $60...

This is your Benzinga news summary and traders' outlook for Tuesday, July 26, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher after strong earnings from several blue-chip companies. The U.S....

Hershey Co (NYSE: HSY) reported a strong rise in its Q2 profit. Hershey's quarterly profit surged to $130 million, or $0.56 per share, from $46.7 million, or $0.20 per share, in the year-earlier period. The company's revenue rose to $1.33 billion from $1.23 billion. Analysts were expecting...

Piper Jaffray is out with its report today on B&G Foods (NYSE: BGS), maintaining Neutral. In a note to clients, Piper Jaffray writes, "In 2010, BGS benefitted by 200bps from lower product costs, which we believe will be difficult to anniversary given the current inflation in non-discretionary...

Jefferies has published a report on McCormick & Co (NYSE: MKC) commenting broadly on strategic changes at the spice merchant. In the report, Jefferies wrote, "MKC is asserting its dominant position in spices and seasonings this summer. In the latest 12 week period in tracked channels MKC...

Jefferies made a number of updates in a research report published today. Archer-Daniels-Midland (NYSE: ADM) had its rating reiterated at Buy. At the same time, its price target was reduced from $44 to $40. On Monday, ADM lost 0.9% of its value to finish the day at $31.83. Its shares continued to...

Jefferies & Company has changed the price target on the following companies: Archer-Daniels-Midland (NYSE: ADM) Buy, PT from $44.00 to $40.00 B/E Aerospace (NASDAQ: BEAV) Buy, PT from $44.00 to $48.00 Broadcom (NASDAQ: BRCM) Buy, PT from $41.00 to $46.00 Canadian National Railway (NYSE:...

Users shopping online for DVDs and Blu-ray discs on Walmart.com (NYSE: WMT) will now have the option of buying or renting digital copies of titles that are available as part of the Vudu streaming library. Walmart purchased Vudu 18 months ago. The video can then be accessed either through the...

Jefferies & Company has lowered the price target on Archer-Daniels-Midland (NYSE: ADM) from $44 to $40 and maintains its Buy rating.

Morgan Stanley reiterated its Underweight rating on Sanderson Farms (NASDAQ: SAFM). At the moment, the rating agency has a price target of $33 placed on the company's stock. On Monday, SAFM lost 1.32% of its value to end the day at $46.16.

Lockheed Martin Corporation (NYSE: LMT) is projected to report its Q2 EPS at $1.93 on revenue of $11.42 billion. Ford Motor Company (NYSE: F) is estimated to report its Q2 earnings at $0.60 per share on revenue of $31.59 billion. Eastman Kodak Company (NYSE: EK) is expected to report a Q2 loss...

Facebook and Google+ (NASDAQ: GOOG), say hello to a social network that is truly private. Chattertree.com, a new site whose mission is to promote “positive synergy within the core of the modern family,” isn't technically a social network. It has all the components of one – the ability to...

Shares of Central European Distribution (NASDAQ: CEDC) are lower on the session by 2.12%, currently trading at $10.61. The stock has been moving largely lower over the past six months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A...

Kellogg Company (NYSE: K) announces its next round of earnings this Thursday, July 28, 2011. Here is Benzinga's everything-that-matters guide for this Thursday's second quarter earnings announcement. Earnings and Revenue: Wall Street expects a positive EPS of 91 cents per share and revenues...

Bunge (NYSE: BG) unveils its next round of earnings this Thursday, July 28, 2011. Here's Benzinga's advanced look at Bunge's second quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of $1.43 per share and revenues of $13.4 billion. Bunge's latest numbers will no doubt...