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NAV

Navistar

$23.18

0.08 (0.35%)

, PCAR

Paccar

$58.77

-0.01 (-0.02%)

14:21
10/04/16
10/04
14:21
10/04/16
14:21

Class 8 truck orders said to fall 28% in September to 13,900 units

ACT Research reported that Class 8 net truck orders for September came in at 13,900 units, a decline of 28% year-over-year and a drop of 2% month-over-month, according to contacts. Stocks that may respond to truck orders include Navistar (NAV), PACCAR (PCAR), Cummins (CMI), Allison Transmission (ALSN) and Eaton (ETN).

NAV

Navistar

$23.18

0.08 (0.35%)

PCAR

Paccar

$58.77

-0.01 (-0.02%)

CMI

Cummins

$127.57

-0.29 (-0.23%)

ALSN

Allison Transmission

$28.28

-0.04 (-0.14%)

  • 31

    Oct

NAV Navistar
$23.18

0.08 (0.35%)

09/09/16
WELS
09/09/16
NO CHANGE
WELS
Navistar 'making progress' on turnaround, says Wells Fargo
After Navistar reported weaker than expected results but reiterated its full-year guidance, Wells Fargo says that "some" of Navistar's "more severe risks appear to be fading." The firm says that Navistar's deal with Volkswagen (VLKAY) will reduce its liquidity risk, but Wells thinks that Navistar's end market continues to be "weak." The firm raised its price target range on the stock to $17-$20 from $11-$14 but keeps a Market Perform rating on the shares.
09/09/16
GSCO
09/09/16
UPGRADE
Target $20
GSCO
Neutral
Navistar upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Jerry Revich upgraded Navistar International (NAV) to Neutral saying liquidity risk is "meaningfully reduced" with the capital injection from Volkswagen (VLKAY). Revich raised his price target for the shares to $20 from $2. He believes the near-term risk/reward for the stock is balanced.
09/07/16
09/07/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Navistar (NAV) initiated with a Hold at Deutsche Bank. 2. Barrick Gold (ABX) initiated with a Sell at Berenberg while the firm initiated Randgold (GOLD), Kinross Gold (KGC), and Goldcorp (GG) with a Hold. 3. 3. After the close on Tuesday, Deutsche Bank analysts Nicole DeBlase, Saree Boroditsky, and Kevin Marek initiated the U.S. Machinery group with a "cautious view." Oshkosh (OSK), Caterpillar (CAT), and Wabtec (WAB) were initiated with Buy ratings at Deutsche Bank, while the firm initiated Cummins (CMI) and CNH Industrial (CNHI) with Sell ratings. The firm also initiated Deere (DE), AGCO (AGCO), Terex (TEX), PACCAR (PCAR), WABCO (WBC), and United Rentals (URI) with Hold ratings. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/07/16
RBCM
09/07/16
NO CHANGE
RBCM
Navistar deal undermines bear thesis, says RBC Capital
After Navistar (NAV) announced a strategic alliance with Volkwagen (VLKAY) and Volkwagen's purchase of a 16.6% stake in Navistar, RBc Capital analyst Seth Webber says that the deal "goes a long way toward deflating a bear thesis around (Naistar's) slow HD share" gain and its "financial position/liquidity." .Webber says he plans to adjust his model following Navistar's Q3 results on September 8. For now, he keeps a Sector Perform rating on the shares.
PCAR Paccar
$58.77

-0.01 (-0.02%)

09/30/16
LYON
09/30/16
INITIATION
Target $65
LYON
Outperform
PACCAR initiated with an Outperform at CLSA
CLSA analyst Kristine Kubacki initiated PACCAR with an Outperform and a $65 price target saying fundamentals are now well known by investors and the North American market is approaching a trough. He views valuation as attractive for this high quality company with solid cash flow.
09/23/16
PIPR
09/23/16
NO CHANGE
Target $62
PIPR
Overweight
PACCAR shares deserve 'core holding' status, says Piper Jaffray
Piper Jaffray analyst Alexander Potter says recent meetings with management have reinforced his conviction in Overweight-rated PACCAR. The company is "impressively consistent" and deserves "core holding" status, Potter tells investors in a research note. The analyst views PACCAR's opportunity in white label parts as under-appreciated. He keeps a $62 price target for the shares.
09/06/16
DBAB
09/06/16
INITIATION
Target $63
DBAB
Hold
PACCAR initiated with a Hold at Deutsche Bank
Target $63.
CMI Cummins
$127.57

-0.29 (-0.23%)

09/06/16
DBAB
09/06/16
INITIATION
DBAB
Deutsche Bank starts U.S. Machinery group with 'cautious view'
Deutsche Bank analysts Nicole DeBlase, Saree Boroditsky, and Kevin Marek initiated the U.S. Machinery group with a "cautious view." While the analysts see the natural resource markets as having bottomed, they also only expect "low-single digit industry organic growth through 2020." The team's top pick is Caterpillar (CAT), and they are also positive on Oshkosh Corp (OSK) and Wabtec (WAB), all of which are Buy rated, but are negative on CNH Industrial (CNHI) and Cummins (CMI), which are Sell rated.
09/06/16
DBAB
09/06/16
INITIATION
Target $111
DBAB
Sell
Cummins initiated with a Sell at Deutsche Bank
Target $111.
09/30/16
LYON
09/30/16
INITIATION
Target $150
LYON
Buy
Cummins initiated with a Buy at CLSA
CLSA analyst Kristine Kubacki initiated Cummins with a Buy and a $150 price target. The analyst Cummins is nearing deep trough levels in many of its end markets and expects a recovery in major North American and industrial end markets in 2018.
ALSN Allison Transmission
$28.28

-0.04 (-0.14%)

09/07/16
FBCO
09/07/16
NO CHANGE
FBCO
Progressive, U.S. Silica and Zoetis added to US Focus List at Credit Suisse
Credit Suisse added Progressive (PGR), U.S. Silica (SLCA) and Zoetis (ZTS) to the US Focus List and removed Allison Transmission (ALSN) from the US Focus List and Sealed Air (SEE) from the US Focus List and Global Focus List
09/06/16
DBAB
09/06/16
INITIATION
Target $30
DBAB
Hold
Allison Transmission initiated with a Hold at Deutsche Bank
Target $30.
09/30/16
LYON
09/30/16
INITIATION
Target $31
LYON
Outperform
Allison Transmission initiated with an Outperform at CLSA
CLSA analyst Kristine Kubacki initiated Allison Transmission with an Outperform and a $31 price target saying new market opportunities, further margin expansion and an free cash flow yield in excess of 10%
06/14/16
STFL
06/14/16
DOWNGRADE
STFL
Hold
Allison Transmission downgraded on valuation, growth outlook at Stifel
As noted earlier, Stifel downgraded Allison Transmission to Hold from Buy. As reasons for the downgrade, the firm cited valuation and its belief that the company's growth will likely be "muted" in 2017-2018.

TODAY'S FREE FLY STORIES

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Fed's Bullard: balance sheet unwind should start "sooner rather than later," »

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GE

General Electric

$27.70

-0.08 (-0.29%)

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FB

Facebook

$153.91

1.66 (1.09%)

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Snap

$17.73

0.46 (2.66%)

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Facebook

$153.91

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SNAP

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GOOG

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  • 28

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    Jul

HCA

HCA Holdings

$87.21

3.16 (3.76%)

, LPNT

LifePoint

$64.85

0.25 (0.39%)

12:31
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Hospitals, insurers rise after Republicans release draft of ACA replacement bill »

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HCA

HCA Holdings

$87.21

3.16 (3.76%)

LPNT

LifePoint

$64.85

0.25 (0.39%)

THC

Tenet

$19.14

1.455 (8.23%)

CYH

Community Health

$9.60

0.775 (8.79%)

QHC

Quorum Health

$4.43

0.335 (8.19%)

AET

Aetna

$154.14

2.04 (1.34%)

ANTM

Anthem

$194.21

2.14 (1.11%)

CNC

Centene

$82.57

2.45 (3.06%)

CI

Cigna

$172.08

1.895 (1.11%)

HUM

Humana

$240.25

4.04 (1.71%)

MOH

Molina Healthcare

$71.57

1.84 (2.64%)

UNH

UnitedHealth

$187.73

2.81 (1.52%)

WCG

WellCare

$183.58

6.04 (3.40%)

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  • 18

    Jul

TECK

Teck Resources

$16.13

0.825 (5.39%)

12:30
06/22/17
06/22
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Options
Defensive option play in Teck Resources as shares rally »

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FB

Facebook

$153.91

1.66 (1.09%)

12:22
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06/22
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Hot Stocks
Facebook holds communities event, announces new mission »

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  • 28

    Jun

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  • 19

    Jul

FLR

Fluor

$44.29

0.52 (1.19%)

12:20
06/22/17
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Options
Flour calls seeing opening interest »

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$NSD

NASDAQ Market Internals

12:17
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Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

12:16
06/22/17
06/22
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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CSIQ

Canadian Solar

$13.99

0.94 (7.20%)

12:10
06/22/17
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Options
Notable call buying in Canadian Solar as shares shine »

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12:10
06/22/17
06/22
12:10
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12:10
General news
Treasury Option Action: a call 1x2 on 10s »

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SRSC

Sears Canada

$0.47

-0.115 (-19.69%)

12:05
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Hot Stocks
Breaking Hot Stocks news story on Sears Canada »

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NLSN

Nielsen

$37.08

-0.15 (-0.40%)

, GOOG

Alphabet

$959.45

8.82 (0.93%)

12:01
06/22/17
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Hot Stocks
Nielsen launches mobile measurement for YouTube ads »

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NLSN

Nielsen

$37.08

-0.15 (-0.40%)

GOOG

Alphabet

$959.45

8.82 (0.93%)

GOOGL

Alphabet Class A

$978.59

9.6 (0.99%)

03/08/13
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  • 28

    Jun

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    Jun

  • 19

    Jul

AKS

AK Steel

$6.25

0.055 (0.89%)

12:00
06/22/17
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Options
AK Steel Jul 8 calls are today's most active option »

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  • 25

    Jul

CVM

CEL-SCI

$1.75

0.0576 (3.41%)

11:58
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Breaking Hot Stocks news story on CEL-SCI 

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HAIN

Hain Celestial

$33.16

0.13 (0.39%)

11:55
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  • 22

    Jun

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HAIN

Hain Celestial

$33.16

0.13 (0.39%)

, AMZN

Amazon.com

$1,002.23

9.64 (0.97%)

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HAIN

Hain Celestial

$33.16

0.13 (0.39%)

AMZN

Amazon.com

$1,002.23

9.64 (0.97%)

WFM

Whole Foods

$43.26

0.48 (1.12%)

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  • 22

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SPLS

Staples

$8.66

-0.09 (-1.03%)

11:47
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MMSI

Merit Medical

$36.80

-0.2 (-0.54%)

11:46
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  • 28

    Sep

FSLR

First Solar

$37.23

1.78 (5.02%)

11:45
06/22/17
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Options
First Solar call volume above normal and directionally bullish »

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  • 22

    Jun

ABBV

AbbVie

$72.80

1.455 (2.04%)

11:44
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Upgrade
AbbVie rating change  »

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CMC

Commercial Metals

$18.47

0.06 (0.33%)

11:38
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Hot Stocks
Breaking Hot Stocks news story on Commercial Metals »

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  • 22

    Jun

LPNT

LifePoint

$64.85

0.25 (0.39%)

, CYH

Community Health

$9.56

0.74 (8.39%)

11:35
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Hosptial stocks at highs after Republicans release ACHA 'discussion draft' »

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LPNT

LifePoint

$64.85

0.25 (0.39%)

CYH

Community Health

$9.56

0.74 (8.39%)

THC

Tenet

$18.94

1.26 (7.13%)

HCA

HCA Holdings

$87.44

3.39 (4.03%)

UHS

Universal Health

$116.28

3.06 (2.70%)

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MYL

Mylan

$38.27

0.85 (2.27%)

11:26
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06/22
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11:26
Periodicals
Mylan investors vote against executive pay, re-elect board members, Reuters says »

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  • 22

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  • 09

    Oct

11:25
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General news
Treasury announced an $88 B package of coupon offerings for next week »

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