HALISTER1: Coca-Cola Femsa Cut to Sell at Citi on Venezuela, Brazil Ops

Coca-Cola Femsa Cut to Sell at Citi on Venezuela, Brazil Ops

(Bloomberg) -- Bank downgrades bottler on lower earnings from “severe profit erosion” in Venezuela, longer than expected CSD slump in Brazil and valuation, analysts including Alexander Robarts write in a report to investors.
  • Historical valuations and comparison to bottling and staples peers in Mexico “appear stretched”
    • While recent Brazil currency/country risk improvements appear priced in, increased scarcity of inputs and production disruptions in Venezuela, and likelihood of a more tepid 2017 CSD recovery in Brazil in 2017 are not
  • KOF currently trades above 11.1x, “which we view as an unjustified premium to its 3-year historical on EV/Ebitda”
  • ADR price target also cut to $73 from $76.50
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
KOFL MM (Coca-Cola Femsa SAB de CV)

People
Alexander Robarts (RWC Partners Ltd)

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UUID: 7947283

HALISTER: Yahoo to Sell Web Assets to Verizon for $4.8 Billion (Correct)

Yahoo to Sell Web Assets to Verizon for $4.8 Billion (Correct)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VZ US (Verizon Communications Inc)
YHOO US (Yahoo! Inc)

People
Daniel Gilbert (Quicken Loans Inc)
David Filo (Yahoo! Inc)
Jeffrey Smith (High Industries Inc)
Katie Couric (Yahoo! Inc)
Marissa Mayer (Yahoo! Inc)

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UUID: 7947283

HALISTER: Yahoo Agrees to Sell Web Assets to Verizon for $4.8 Billion (1)

Yahoo Agrees to Sell Web Assets to Verizon for $4.8 Billion (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VZ US (Verizon Communications Inc)
YHOO US (Yahoo! Inc)

People
Daniel Gilbert (Quicken Loans Inc)
David Filo (Yahoo! Inc)
Jeffrey Smith (High Industries Inc)
Katie Couric (Yahoo! Inc)
Marissa Mayer (Yahoo! Inc)

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UUID: 7947283

(2) *YAHOO'S MAYER SAYS 'FOR ME PERSONALLY, I'M PLANNING TO STAY'

*YAHOO'S MAYER SAYS 'FOR ME PERSONALLY, I'M PLANNING TO STAY'

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
YHOO US (Yahoo! Inc)
VZ US (Verizon Communications Inc)

People
Lowell McAdam (Verizon Communications Inc)
Marissa Mayer (Yahoo! Inc)
Marni Walden (Verizon Communications Inc)
Timothy Armstrong (AOL Inc)

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UUID: 7947283