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DCO

Ducommun

$21.85

-0.24 (-1.09%)

, UTX

United Technologies

$101.43

-1 (-0.98%)

07:01
10/05/16
10/05
07:01
10/05/16
07:01

Ducommun receives multimillion-dollar contract from United Technologies unit

Ducommun Incorporated (DCO) reported it has received a multimillion-dollar contract from UTC Aerospace Systems, a unit of United Technologies Corp. (UTX), to manufacture complex electronic assemblies for an upgrade to the braking system of a major commercial aircraft program. Production is taking place at Ducommun's operations centers in Appleton, Wis., Huntsville, Ark., and Joplin, Mo. Ducommun signed a long-term supply agreement with United Technologies in 2015 which has paved the way for new opportunities to provide complex electronic and structural assemblies and systems across UTC's aerospace business units.

DCO

Ducommun

$21.85

-0.24 (-1.09%)

UTX

United Technologies

$101.43

-1 (-0.98%)

DCO Ducommun
$21.85

-0.24 (-1.09%)

06/10/16
06/10/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on the today's top five analyst upgrades with this list compiled by The Fly: 1. Dover (DOV) upgraded to Outperform from Market Perform at Bernstein with an $87 price target. The firm thinks that the oil-related headwinds the company had been experiencing have peaked. It says that the company's non-oil business now accounts for 93% of its earnings, up from about 60% previously, and Bernstein expects those units to generate low to mid single digit percentage organic growth. Additionally, the firm is extremely upbeat on the company's acquisition of Wayne, saying that the deal increases the value of Dover's stock by $7 per share. 2. Joy Global (JOY) upgraded to Outperform from Market Perform at FBR Capital by analyst Lucas Pipes, who also raised its price target for shares to $25 from $14. The analyst has increased confidence Joy's growth opportunities following its strategic wins in India and the Canadian oil sands and notes the company's organic order rate is tracking well against his estimates. 3. Ducommun (DCO) upgraded to Buy from Hold at Canaccord, which raised its price target to $23 from $19 on Ducommun shares. The firm cited better visibility, execution and de-leveraging of its balance sheet. The recent divestitures are expected to significantly contribute to improved margins, the firm said. 4. Pentair (PNR) upgraded to Buy from Neutral at Seaport Global by analyst Ryan Cassil, who raised his price target to $70 from $59. The analyst believes the worst margin performance is behind the company in its V&C segment and has increased confidence in management's forecast for decrementals to be reduced by half in Q2 as volumes increase seasonally and high-cost inventory is turned. 5. U.S. Concrete (USCR) upgraded to Buy from Neutral at Sidoti by analyst Michael Conti, who raised his price target to $90 from $72. The analyst views the capital raise from debt refinancing as a catalyst for acquisitions. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/10/16
ADAM
06/10/16
UPGRADE
Target $23
ADAM
Buy
Ducommun upgraded to Buy from Hold at Canaccord
As reported previously, Canaccord upgraded Ducommun to Buy from Hold. The firm cited better visibility, execution, and de-leveraging of its balance sheet. The recent divestitures are expected to significantly contribute to improved margins, said Canaccord, which raised its price target to $23 from $19 on Ducommun shares.
06/10/16
ADAM
06/10/16
UPGRADE
ADAM
Buy
Ducommun upgraded to Buy from Hold at Canaccord
04/15/16
NBLE
04/15/16
UPGRADE
Target $20
NBLE
Buy
Ducommun upgraded to Buy from Hold at Noble Financial
UTX United Technologies
$101.43

-1 (-0.98%)

05/03/16
05/03/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. ACADIA (ACAD) downgraded to Market Perform at Leerink by analyst Paul Matteis, who said his 2016-2018 revenue estimates are below consensus. The analyst said that consensus estimates for the pimavanserin launch "may overlook a collection of minor headwinds." He admits that ACADIA could be attractive to multiple potential buyers, including Biogen (BIIB) and Amgen (AMGN).2. Sarepta (SRPT) downgraded to Underperform at Leerink with analyst Joseph Schwartz believing the FDA's interpretation of empirical data for eteplirsen will be consistent with the recent negative panel, which was critical despite powerful human testimonies. 3. Community Health (CYH) downgraded to Underperform at BofA/Merrill by analyst Kevin Fischbeck, who said Q1 was disappointing. The analyst does not see volumes accelerating and is skeptical the company can turn around HMA assets in the near-term enough to hit margin targets. 4. United Technologies (UTX) downgraded to Sector Perform at RBC Capital because the firm says that Honeywell's (HON) actions indicate that it's no longer interested in buying United Technologies. The firm also said that Honeywell hasn't looked to increase the amount of cash it returns to shareholders. 5. On Deck Capital (ONDK) downgraded to Underperform at Sterne Agee CRT, to Hold at Canaccord and Needham, and to Neutral at BTIG following its weaker than expected Q1 results and guidance cut. Canaccord analyst Michael Graham said tepid originations growth raises concerns regarding borrowing demand and sees increased uncertainties cropping up. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/03/16
RBCM
05/03/16
DOWNGRADE
RBCM
Sector Perform
United Technologies downgraded at RBC Capital
As noted earlier, RBC Capital downgraded United Technologies (UTX) to Sector Perform from Outperform. The firm says that Honeywell's (HON) actions indicate that it's no longer interested in buying United Technologies, while the latter company hasn't looked to increase the amount of cash it returns to shareholders. Additionally, RBC Capital is concerned about problems with United Technologies' geared turbo fan engine. Target to $108 from $109.
05/03/16
RBCM
05/03/16
DOWNGRADE
RBCM
Sector Perform
United Technologies downgraded to Sector Perform from Outperform at RBC Capital
05/02/16
GSCO
05/02/16
DOWNGRADE
Target $107
GSCO
Neutral
United Technologies downgraded to Neutral from Buy at Goldman
Goldman analyst Noah Poponak downgraded United Technologies to Neutral saying shares are near his $107 price target and growth is relatively slow.

TODAY'S FREE FLY STORIES

KBR

KBR

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SMMT

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TKPYY

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FNBC

First NBC Bank

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SGBK

Stonegate Bank

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PROV

Provident Financial

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YGE

Yingli Green Energy

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EPC

Edgewell Personal Care

$71.49

-0.14 (-0.20%)

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

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AEP

American Electric

$67.83

-0.27 (-0.40%)

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ORC

Orchid Island Capital

$10.60

-0.33 (-3.02%)

17:34
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Syndicate
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HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

, FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

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HBHC

Hancock Holding

$46.70

-0.5 (-1.06%)

FNBC

First NBC Bank

$2.65

-0.2 (-7.02%)

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  • 06

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TSLA

Tesla

$314.07

5.44 (1.76%)

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Periodicals
Tesla aims to hire engineers from Mexico to work at CA plant, Reuters says »

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LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

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BA

Boeing

$184.83

1.61 (0.88%)

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WBA

Walgreens Boots Alliance

$86.54

0.65 (0.76%)

, RAD

Rite Aid

$4.00

0.05 (1.27%)

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GE

General Electric

$28.99

-0.09 (-0.31%)

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SIX

Six Flags

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LMT

Lockheed Martin

$269.45

-1.69 (-0.62%)

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SBBP

Strongbridge Biopharma

$4.50

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CYH

Community Health

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MRUS

Merus

$22.20

-0.14 (-0.63%)

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AEZS

Aeterna Zentaris

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ANY

Sphere 3D

$0.19

-0.006 (-3.13%)

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  • 11

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MRUS

Merus

$22.20

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