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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

NVDA

Nvidia

08:38
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08:38
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08:38
Technical Analysis
Technical View: Nvidia bounces back from prior session losses »

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VCYT

Veracyte

$8.49

0.01 (0.12%)

08:38
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09/26
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Veracyte analyst commentary  »

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  • 26

    Sep

DRI

Darden

$83.14

0.26 (0.31%)

08:36
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08:36
Hot Stocks
Darden says all businesses 'remain strong' »

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  • 26

    Sep

TEUM

Pareteum

$1.06

0.01 (0.95%)

08:35
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08:35
Hot Stocks
Breaking Hot Stocks news story on Pareteum »

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NVEE

NV5 Global

$53.85

2.15 (4.16%)

08:34
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Hot Stocks
NV5 Global awarded $14M program management contract by Merced County »

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  • 30

    Nov

CSBR

Champions Oncology

$3.66

-0.09 (-2.40%)

08:33
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Hot Stocks
Champions Oncology awarded $2M from National Cancer Institute »

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WIN

Windstream

$1.96

0.03 (1.55%)

, UNIT

Uniti Group

$17.36

0.85 (5.15%)

08:33
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09/26
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Hot Stocks
Windstream says allegations in purported notice of default 'without merit' »

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WIN

Windstream

$1.96

0.03 (1.55%)

UNIT

Uniti Group

$17.36

0.85 (5.15%)

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  • 02

    Oct

OSIS

OSI Systems

$85.81

-1.08 (-1.24%)

08:32
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09/26
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08:32
Hot Stocks
OSI Systems receives $16M in orders for ETD systems »

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  • 06

    Oct

AXON

Axovant Sciences

$24.25

-0.74 (-2.96%)

08:32
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09/26
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08:32
Hot Stocks
Breaking Hot Stocks news story on Axovant Sciences »

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  • 26

    Sep

GILD

Gilead

$83.61

0.34 (0.41%)

, KITE

Kite Pharma

$179.31

0.01 (0.01%)

08:31
09/26/17
09/26
08:31
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08:31
Hot Stocks
Gilead, Kite Pharma announce expiration of HSR waiting period »

Gilead Sciences (GILD)…

GILD

Gilead

$83.61

0.34 (0.41%)

KITE

Kite Pharma

$179.31

0.01 (0.01%)

03/08/13
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  • 29

    Nov

  • 12

    Feb

08:31
09/26/17
09/26
08:31
09/26/17
08:31
Conference/Events
Federal Reserve Bank of Atlanta President speaks on the economic outlook »

Atlanta Federal Reserve…

CAB

Cabela's

$61.50

0.03 (0.05%)

, SHOR

ShoreTel

08:30
09/26/17
09/26
08:30
09/26/17
08:30
Options
Two option delistings on September 26th »

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CAB

Cabela's

$61.50

0.03 (0.05%)

SHOR

ShoreTel

03/08/13
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08:30
09/26/17
09/26
08:30
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General news
U.S. Case-Shiller home prices preview: »

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MSFT

Microsoft

$73.26

-1.15 (-1.55%)

08:29
09/26/17
09/26
08:29
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08:29
Recommendations
Microsoft analyst commentary  »

Valuing Microsoft should…

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  • 02

    Oct

  • 22

    Oct

08:29
09/26/17
09/26
08:29
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08:29
Conference/Events
House Homeland Security Committee to hold a hearing »

The Oversight and…

SNX

Synnex

$116.50

0.4 (0.34%)

08:28
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09/26
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Synnex analyst commentary  »

Synnex price target…

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  • 16

    Oct

  • 17

    Oct

08:28
09/26/17
09/26
08:28
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08:28
Conference/Events
House Energy & Commerce Committee to hold a hearing »

The Subcommittee on…

RHT

Red Hat

$105.76

-0.54 (-0.51%)

08:28
09/26/17
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08:27
09/26/17
09/26
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Conference/Events
Senate Banking, Housing & Urban Affairs Committee to hold a hearing »

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Conference/Events
Federal Reserve Bank of Cleveland President attends annual meeting »

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LLY

Eli Lilly

$84.64

0.73 (0.87%)

, MNTA

Momenta

$17.55

0.4 (2.33%)

08:25
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Conference/Events
The Food & Drug Law Institute to hold a conference »

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LLY

Eli Lilly

$84.64

0.73 (0.87%)

MNTA

Momenta

$17.55

0.4 (2.33%)

PFE

Pfizer

$35.51

-0.45 (-1.25%)

ONCE

Spark Therapeutics

$87.00

1.85 (2.17%)

MDT

Medtronic

$78.27

-1.43 (-1.79%)

SNY

Sanofi

$49.97

-0.37 (-0.74%)

ALIOF

Actelion

JNJ

Johnson & Johnson

$131.17

-0.22 (-0.17%)

ACL

Alcon

VRTX

Vertex

$149.10

-2.16 (-1.43%)

MRK

Merck

$65.18

0.05 (0.08%)

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  • 26

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  • 08

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  • 12

    Jan

  • 02

    Feb

HNHPF

Hon Hai Precision

$6.93

-0.6165 (-8.17%)

08:25
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09/26
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Periodicals
Foxconn chairman to visit Wisconsin in October, DigiTimes reports »

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ICPT

Intercept

$61.23

-0.36 (-0.58%)

08:24
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COR

CoreSite Realty

$108.57

0.08 (0.07%)

, CONE

CyrusOne

$58.80

-0.51 (-0.86%)

08:24
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COR

CoreSite Realty

$108.57

0.08 (0.07%)

CONE

CyrusOne

$58.80

-0.51 (-0.86%)

QTS

QTS Realty Trust

$51.45

-0.17 (-0.33%)

ZAYO

Zayo Group

$34.51

0.32 (0.94%)

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  • 26

    Sep

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    Oct

  • 13

    Nov

ICPT

Intercept

$61.23

-0.36 (-0.58%)

08:23
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Intercept analyst commentary  »

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