Consumer stocks were mostly lower, with shares of consumer staples companies in the S&P 500 falling about 0.5%. Shares of consumer discretionary firms in the S&P 500 were down almost 0.6%.
In company news, Boston Beer Co. Inc. ( SAM ) was higher Thursday after analysts at Credit Agricole served up an upgrade of the brewery company.
In raising SAM to Outperform from Underperform, the Credit Agricole analysts likely are tapping into recent merger speculation for brewers. No price target information was available.
SAM shares were up 2.5% in recent trade at $217.44 each, earlier advancing to a session high of $218.61 a share. The stock has a 52-week range of $161.14 to $265.53 a share, climbing 32% over the past 12 months.
In other sector news,
(+) RH, (+13.7%) Q1 adjusted EPS of $0.18 beats by $0.07 per share. Revenue rises 21.6% to $366.3 mln, topping estimates by $19.45 mln. Raises FY15 EPS outlook, topping Street by at least $0.03. Also boosts revenue projection above consensus.
(-) LULU, (-15.4%) Lowers adjusted FY15 EPS outlook below Street view. Also cuts top end of revenue forecast. Guides Q2 earnings below consensus. Q1 EPS of $0.34 beats by $0.02 while revenue rises 11.2% to $384.6 mln, topping estimates by $3.31 mln.
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