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GM

General Motors

09:44
10/03/16
10/03
09:44
10/03/16
09:44

General Motors sees September U.S. industry light vehicle SAAR of 17.8M

GM estimates that the U.S. seasonally adjusted annual selling rate, or SAAR, for light vehicles in September was approximately 17.8M units. On a calendar year-to-date basis, GM estimates the light-vehicle SAAR was 17.4M units.

  • 25

    Oct

GM General Motors

09/19/16
MSCO
09/19/16
UPGRADE
MSCO
Overweight
General Motors upgraded to Overweight from Equal Weight at Morgan Stanley
09/19/16
09/19/16
UPGRADE
Target $37

Overweight
General Motors upgraded to Overweight at Morgan Stanley
As previously reported, Morgan Stanley upgraded General Motors to Overweight from Equal Weight and increased its price target to $37 from $29. Analyst Adam Jonas raised near-term earnings estimates 5% above consensus and believes even flat earnings in 2017 and 2018 would be received as a positive surprise by the market. Further, the analyst said investors are underestimating how long the auto cycle can last and that General Motor's earnings and free cash flow could have a materially longer duration than the market is currently discounting. He believes investors are overlooking the time and steps needed for fully autonomous transport and said management has a healthy and realistic acceptance that it can't and should not do everything alone and will likely explore new business structures with the potential of positive values.
09/19/16
09/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying he believes even flat earnings in 2017 and 2018 would be received as a positive surprise by the market. 2. Wells Fargo (WFC) upgraded to Outperform from Neutral at Baird analyst David George saying he believes the recent pullback is a buying opportunity. 3. Lockheed Martin (LMT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Sam Pearlstein saying he believes the company's earnings can grow 20% per year through 2020. 4. U.S. Steel (X), AK Steel (AKS), and Olympic Steel (ZEUS) were upgraded to Sector Weight from Underweight at KeyBanc with analyst Ivan Marcuse saying the stocks at current levels better reflect the more competitive market conditions he expects in Q4 and 2017. 5. Mattel (MAT) upgraded to Buy from Neutral at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/16
NOMU
09/20/16
INITIATION
Target $33
NOMU
Neutral
General Motors initiated with a Neutral at Nomura
Nomura analyst Anindya Das initiated General Motors with a Neutral and a $33 price target. The analyst said General Motors has significant exposure to the Chinese auto market and is concerned about pricing pressures in the market. Further, the company has yet to break even in Europe on an annual basis and its near-term prospects are clouded by Brexit uncertainties.

TODAY'S FREE FLY STORIES

SGYP

Synergy Pharmaceuticals

$5.54

0.06 (1.09%)

08:25
12/09/16
12/09
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08:25
Hot Stocks
Breaking Hot Stocks news story on Synergy Pharmaceuticals »

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  • 29

    Jan

LFUS

Littelfuse

$154.58

3.1 (2.05%)

08:25
12/09/16
12/09
08:25
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08:25
Conference/Events
Littelfuse to host analyst and investor day »

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  • 09

    Dec

WWD

Woodward

$70.84

-0.26 (-0.37%)

08:25
12/09/16
12/09
08:25
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08:25
Conference/Events
Wayfair Woodward to host analyst and investor meeting »

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  • 09

    Dec

DVAX

Dynavax

$4.80

-0.2 (-4.00%)

08:25
12/09/16
12/09
08:25
12/09/16
08:25
Conference/Events
Dynavax to host research and development day »

Cancer Research and…

03/08/13
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03/06/13
Citigroup
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  • 09

    Dec

  • 15

    Dec

DLTH

Duluth Holdings

$37.04

3.09 (9.10%)

08:24
12/09/16
12/09
08:24
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08:24
Downgrade
Duluth Holdings rating change  »

Duluth Holdings…

03/08/13
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LBAI

Lakeland Bancorp

$19.15

0.3 (1.59%)

08:24
12/09/16
12/09
08:24
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08:24
Syndicate
Breaking Syndicate news story on Lakeland Bancorp »

Lakeland Bancorp…

03/08/13
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CLSD

Clearside Biomedical

$11.53

-2.9 (-20.10%)

08:23
12/09/16
12/09
08:23
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08:23
Syndicate
Clearside Biomedical 4M share Secondary priced at $9.00 »

JPMorgan, Cowen and…

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  • 09

    Dec

BIIB

Biogen

$289.54

4.24 (1.49%)

, LLY

Eli Lilly

$67.19

-0.19 (-0.28%)

08:21
12/09/16
12/09
08:21
12/09/16
08:21
Recommendations
Biogen, Eli Lilly analyst commentary  »

Biogen has positive read…

BIIB

Biogen

$289.54

4.24 (1.49%)

LLY

Eli Lilly

$67.19

-0.19 (-0.28%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 15

    Dec

08:20
12/09/16
12/09
08:20
12/09/16
08:20
General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

FNSR

Finisar

$34.13

1.89 (5.86%)

08:17
12/09/16
12/09
08:17
12/09/16
08:17
Recommendations
Finisar analyst commentary  »

Finisar price target…

03/08/13
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03/08/13
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ZBRA

Zebra Technologies

$83.39

0.47 (0.57%)

08:15
12/09/16
12/09
08:15
12/09/16
08:15
Recommendations
Zebra Technologies analyst commentary  »

Zebra Technologies prie…

03/08/13
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03/08/13
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03/06/13
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AVGO

Broadcom

$170.71

2.16 (1.28%)

08:14
12/09/16
12/09
08:14
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08:14
Recommendations
Broadcom analyst commentary  »

Broadcom poised for above…

03/08/13
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03/08/13
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Citigroup
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UCBJY

UCB Pharma

$30.84

-1.11 (-3.47%)

, MYL

Mylan

$36.06

1.56 (4.52%)

08:14
12/09/16
12/09
08:14
12/09/16
08:14
Periodicals
UCB Pharma Vimpat patent 'thrown out' by patent office, Bronte Capital reports »

Argentum…

UCBJY

UCB Pharma

$30.84

-1.11 (-3.47%)

MYL

Mylan

$36.06

1.56 (4.52%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 28

    Mar

HLT

Hilton

$26.24

-0.8 (-2.96%)

08:14
12/09/16
12/09
08:14
12/09/16
08:14
Downgrade
Hilton rating change  »

Hilton downgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 09

    Dec

CDEV

Centennial Resource Development

$18.29

-0.32 (-1.72%)

08:12
12/09/16
12/09
08:12
12/09/16
08:12
Initiation
Centennial Resource Development initiated  »

Centennial Resource…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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LTEA

Long Island Iced Tea

$4.91

0.2 (4.25%)

08:12
12/09/16
12/09
08:12
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08:12
Hot Stocks
Long Island Iced Tea agrees to acquire ALO Juice »

Long Island Iced Tea…

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SCON

Superconductor Technologies

$2.02

-0.13 (-6.05%)

08:11
12/09/16
12/09
08:11
12/09/16
08:11
Syndicate
Superconductor Technologies raises $10.2M in a public offering »

The offering was priced…

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CBMG

Cellular Biomedicine

$13.35

0.1 (0.75%)

08:09
12/09/16
12/09
08:09
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Cellular Biomedicine announces 3-month interim safety data from AlloJoin trial »

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EW

Edwards Lifesciences

$89.30

5.57 (6.65%)

08:09
12/09/16
12/09
08:09
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Edwards Lifesciences analyst commentary  »

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AIRG

Airgain

$18.62

-2.13 (-10.27%)

08:08
12/09/16
12/09
08:08
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08:08
Syndicate
Airgain 2.35M share Secondary priced at $17.00 »

Cowen, William Blair and…

03/08/13
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  • 09

    Dec

SMBK

SmartBank

$19.96

0.66 (3.42%)

, ACBI

Atlantic Capital

$17.00

0.5 (3.03%)

08:08
12/09/16
12/09
08:08
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08:08
Hot Stocks
SmartBank to acquire branch office and assets of FSG Bank from Atlantic Capital »

SmartFinancial (SMBK),…

SMBK

SmartBank

$19.96

0.66 (3.42%)

ACBI

Atlantic Capital

$17.00

0.5 (3.03%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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WFC

Wells Fargo

$57.29

0.01 (0.02%)

08:07
12/09/16
12/09
08:07
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08:07
Conference/Events
Wells Fargo holds a conference call »

CFO Shrewsberry and…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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BIP

Brookfield Infrastructure

$32.68

0.22 (0.68%)

08:07
12/09/16
12/09
08:07
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08:07
Initiation
Brookfield Infrastructure initiated  »

Brookfield Infrastructure…

03/08/13
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03/08/13
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LVS

Las Vegas Sands

$54.67

-8.01 (-12.78%)

, MGM

MGM Resorts

$28.65

-1.3 (-4.34%)

08:06
12/09/16
12/09
08:06
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08:06
Periodicals
Macau denies report of daily ATM withdrawal limit, Bloomberg reports »

Macau's government…

LVS

Las Vegas Sands

$54.67

-8.01 (-12.78%)

MGM

MGM Resorts

$28.65

-1.3 (-4.34%)

WYNN

Wynn Resorts

$90.72

-11.27 (-11.05%)

MPEL

Melco Crown

$16.87

-2.68 (-13.71%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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AAL

American Airlines

$48.05

-0.6 (-1.23%)

08:06
12/09/16
12/09
08:06
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08:06
Hot Stocks
American Airlines reports Nov. traffic down 0.2% »

American Airlines…

03/08/13
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