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Top related persons:
Morgan Stanley - 2 Eric Serotta - 2 Morgan Stanley's - 2 Brown - 1 Forman - 1 Serotta - 1 — CNBC's Michael Bloom - 1 you've - 1
Top related locs:
U.S Cava
Top related orgs:
Monster Beverage - 1 Constellation Brands - 1 Hostess Brands - 1 Hershey - 1 Nordisk's Ozempic - 1 Centers for Disease Control - 1 Food and Drug Administration - 1 Novo Nordisk - 1

Search resuls for: "Eric Serotta"


2 mentions found


☆ Morgan Stanley double-upgrades this spirits stock as agave headwinds ease
  + stars: | 2023-08-23 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
It's time to buy spirits stock Brown-Forman , according to Morgan Stanley. Morgan Stanley's previous underweight call was based on limited visibility around gross margin recovery, the company's full valuation and slower U.S. spirits industry growth. However, Serotta now expects meaningful upside for the stock. Agave, which is used to produce tequila, has been a disproportionate headwind to the company's general margins over the last several years, Serotta said. Serotta also said that, while the company's absolute valuation is "rarely cheap," its relative valuation appears compelling compared to its peers Monster Beverage and Constellation Brands .
Persons: Brown, Forman, Morgan Stanley, Eric Serotta, Morgan Stanley's, Serotta, — CNBC's Michael Bloom Organizations: Monster Beverage, Constellation Brands
☆ A revolution in weight loss treatment may force a reckoning for food and beverage companies
  + stars: | 2023-08-13 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +10 min
One such prediction came Monday from Morgan Stanley analysts who forecasted a 1.3% drop in calorie consumption in the U.S. by 2035. The shift in behavior is notable because it will affect a sizeable demographic group that represents a disproportionate share of food consumption, the analysts said. In fact, some patients taking these medicines say they have to sometimes force themselves to eat due to a lack of appetite. These types of patterns were seen in consumer research Morgan Stanley conducted in June and July among 300 patients taking these medicines. Keurig Dr Pepper, with its coffee business accounting for about 30% of corporate sales, offers some diversification from at-risk beverage categories, Morgan Stanley said.
Persons: you've, Morgan Stanley, Pamela Kaufman, Read, Campbell, Mondelez, Eli Lilly's Mounjaro, Morgan Stanley's, Morgan, John David Rainey, We've, we're, Rainey, Dara Mohsenian, Eric Serotta, Dr Pepper Organizations: Hostess Brands, Hershey, Nordisk's Ozempic, Centers for Disease Control, Food and Drug Administration, Novo Nordisk, Industry, Lawmakers, Walmart Locations: U.S, Cava
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