Michael Lavery

What Happened Philip Morris International Inc. (NYSE: PM) plummeted 6 percent intraday Thursday after the U.S. Food and Drug Administration’s Tobacco Products Scientific Advisory Committee rejected one of two claims surrounding its modified risk tobacco product. Why It's Important...

The bullish case for owning Kraft Heinz Co (NASDAQ: KHC) can be made through expectations of ongoing consolidation within the packaged food industry, according to analysts at Piper Jaffray. The firm's Michael Lavery upgraded Kraft Heinz's stock rating from Neutral to Overweight but with a price...

Analysts at Piper Jaffray no longer hold a bullish view on Kellogg Company (NYSE: K) amid a view that retailer push back against food companies is a "real threat" to food companies. The firm's Michael Lavery downgraded Kellogg's stock rating from Overweight to Neutral with a price target slashed...

CLSA maintained its Outperform rating on Philip Morris International Inc. (NYSE: PM) on long-term opportunity with its iQOS heat-not-burn platform, while Marlboro kreteks should help boost share, revenue and margin mix in Indonesia. PMI launched Marlboro Filter Black in Indonesia this month,...

Yogurt sales trends continue to weigh on General Mills, Inc. (NYSE: GIS). With no near-term revenue drivers on the horizon, CLSA analyst Michael Lavery remains bearish on General Mills stock. According to Lavery, General Mills has set the bar fairly low with its fiscal 2017 guidance of -2 percent...

Reynolds American, Inc. (NYSE: RAI) has a robust portfolio and several levers to drive earnings growth, CLSA’s Michael Lavery said in a report. He upgraded the rating on the company to Outperform, citing attractive valuation. The price target has been raised from $52 to $54. Attractive...

CLSA analysts Michael Lavery and Will Gaertner think General Mills, Inc. (NYSE: GIS)'s sales upside is dependent on innovation in yogurt. The company's outlook is also weaker than expected by the Street analysts. As a result, the brokerage retained its Underperform rating and a price target of $65...