Upgrade Alert for Cott (COT)
Cott (NYSE:COT) was upgraded from Hold to Buy at Stifel today. The stock closed yesterday at $15.88 on volume of 3.2 million shares, above average daily volume of 628,000.
Cott (NYSE:COT) defies analysts with a current price ($15.88) 14.4% above its average consensus price target of $13.59. The stock should discover initial support at its 50-day moving average (MA) of $13.22 and subsequent support at its 200-day MA of $11.27.
Cott share prices have moved between a 52-week high of $16.70 and a 52-week low of $8.63 and closed yesterday at 84% above that low price at $15.88 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.5%.
Cott Corporation produces and distributes a variety of premium beverages. The Company's beverages include soft drinks, new age beverages, iced teas, juice drinks, sports drinks, and bottled water. Cott operates manufacturing facilities in Canada, the United States, the United Kingdom. The Company markets its beverages to retailers worldwide.
SmarTrend is tracking the current trend status for Cott and will alert subscribers who have COT in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades cott