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F

Ford

$12.12

-0.17 (-1.38%)

, GM

General Motors

$32.15

-0.19 (-0.59%)

18:32
10/10/16
10/10
18:32
10/10/16
18:32

Ford briefly idles Mustang factory after heavy Camaro promotions, Bloomberg says

Ford (F) is idling its Mustang plant in Michigan for one week after U.S. sales of the car fell 32% last month, Bloomberg reported, citing spokesperson statements. The factory will be idled to "match production capacity with demand," the spokesperson told Bloomberg, adding that it will resume production on October 17. Last month, GM's (GM) Camaro overtook Mustang sales for the first time in nearly two years due in part to higher promotional offers, and Ford sales analyst Erick Merckle tells the publication that "in terms of incentives, we're always going to be disciplined." Reference Link

F

Ford

$12.12

-0.17 (-1.38%)

GM

General Motors

$32.15

-0.19 (-0.59%)

  • 25

    Oct

F Ford
$12.12

-0.17 (-1.38%)

09/20/16
09/20/16
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. Ford (F) downgraded to Neutral from Buy at Buckingham with analyst Joseph Amaturo saying he believes North American volume and pricing trends for trucks will deteriorate and is concerned that the passenger car market will remain challenged given stiff competition from Japanese and European OEMs that can heavily discount due to weak currencies. 2. General Mills (GIS) downgraded to Underperform from Neutral at Consumer Edge. 3. Ascena Retail (ASNA) downgraded to Sector Perform from Outperform at RBC Capital and to Perform from Outperform at Oppenheimer. 4. Avnet (AVT) downgraded to Hold from Buy at Stifel and to Sell from Hold at Cross Research. 5. HD Supply (HDS) downgraded to Sector Perform from Outperform at RBC Capital with analyst Deane Dray saying it will take several quarters for the company to address its supply chain errors, and she expects the stock "to stay range bound over the medium term." 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
09/20/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ford (F) initiated with a Buy at Nomura. 2. Intel (INTC) was initiated with a Positive at Susquehanna while the firm initiated AMD (AMD) with a Neutral. 3. HSN, Inc. (HSNI) initiated with an Underperform at BofA/Merrill. 4. Bojangles (BOJA) initiated with a Strong Buy at CL King. 5. D.R. Horton (DHI) initiated with an Outperform at Wedbush. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/29/16
LOOP
09/29/16
NO CHANGE
Target $115
LOOP
Buy
Loop Capital wonders if Trump is trying to kill Kansas City Southern
Following Monday's presidential debate, Loop Capital analyst Rick Paterson is rethinking his reluctance to believing a potential Donald Trump presidency is a threat to Kansas City Southern's business. Trump opened the debate by attacking Kansas City Southern customer Ford Motor's (F) transplanting of auto assembly plants from the U.S. to Mexico, Paterson tells investors in a research note. KSU was the best performing rail stock and the Mexican peso was 2.5% stronger the day after Hillary Clinton's debate victory, the analyst points out. He views Mexico as a "key growth engine" for both KSU and Union Pacific (UNP). Paterson cites a CNN poll for Clinton's debate victory. The analyst has a Buy rating on KSU with a $115 price target.
10/06/16
GSCO
10/06/16
NO CHANGE
GSCO
Autos and Autos Parts sector downgraded to Cautious from Neutral at Goldman
Goldman analyst David Tamberrino downgraded the Autos and Auto Parts sector to Cautious from Neutral saying the US Auto cycle peaked in 2015 and is being held up by increasing OEM incentives. The analyst said OEM earnings will decline in 2017/2018 as negative pricing and lower production pressure North American results, but expects suppliers' earnings to hold up longer. The analyst sees upside to Delphi (DLPH) and Harman (HAR) given exposure to secular growth areas and upside to Goodyear Tire (GT) given secular HVA tire growth. Tamberrino downgraded Lear (LEA) to Sell citing elevated expectations and valuation, cut BorgWarner (BWA) to Neutral on valuation, downgraded Tesla (TSLA) to Neutral on execution risk and capital deployment, and upgraded AutoNation (AN) to Neutral given a more defensive business.
GM General Motors
$32.15

-0.19 (-0.59%)

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

MITL

Mitel

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HRL

Hormel Foods

$37.30

-0.3 (-0.80%)

06:35
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Hormel Foods reports Q1 EPS 44c, consensus 45c »

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  • 23

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MITL

Mitel

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Earnings
Mitel reports Q4 adjusted EPS 25c, consensus 23c »

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TFX

Teleflex

$184.01

-0.51 (-0.28%)

06:34
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Teleflex reports Q4 adjusted EPS $2.13, consensus $2.09 »

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  • 23

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DORM

Dorman Products

$77.94

5.68 (7.86%)

06:34
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Downgrade
Dorman Products rating change  »

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ZBRA

Zebra Technologies

$85.73

-0.95 (-1.10%)

06:33
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Earnings
Zebra Technologies reports Q4 EPS $1.93, consensus $1.73 »

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  • 23

    Feb

WAAS

AquaVenture

$18.01

0.69 (3.98%)

06:33
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Upgrade
AquaVenture rating change  »

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  • 01

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SAGE

SAGE Therapeutics

$61.93

-2.13 (-3.33%)

06:32
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Hot Stocks
Breaking Hot Stocks news story on SAGE Therapeutics »

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  • 23

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SAGE

SAGE Therapeutics

$61.93

-2.13 (-3.33%)

06:31
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Earnings
Breaking Earnings news story on SAGE Therapeutics »

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  • 23

    Feb

LB

Labarge

$58.13

0.43 (0.75%)

06:31
02/23/17
02/23
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06:31
Recommendations
Labarge analyst commentary  »

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  • 23

    Feb

GE

General Electric

$30.09

-0.19 (-0.63%)

06:30
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02/23
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06:30
Periodicals
Suez in the running for General Electric's water unit, Reuters reports »

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  • 26

    Apr

DLHC

DLH Holdings Corp.

$5.27

-0.08 (-1.50%)

06:30
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Initiation
DLH Holdings Corp. initiated  »

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CM

CIBC

$89.90

0.44 (0.49%)

06:28
02/23/17
02/23
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06:28
Earnings
CIBC reports Q1 adjusted EPS C$2.89, consensus C$1.96 »

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GMRE

Global Medical REIT

$8.48

0.06 (0.71%)

06:28
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Initiation
Global Medical REIT initiated  »

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TFX

Teleflex

$184.01

-0.51 (-0.28%)

06:25
02/23/17
02/23
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06:25
Hot Stocks
Teleflex CEO Benson Smith retiring at end of 2017, succeeded by COO Liam Kelly »

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  • 23

    Feb

MBLY

Mobileye

$47.42

1.3 (2.82%)

06:22
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CRI

Carter's

$83.58

-0.4 (-0.48%)

06:20
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Hot Stocks
Carter's raises quarterly dividend 12% to 37c per share »

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  • 23

    Feb

CRI

Carter's

$83.58

-0.4 (-0.48%)

06:19
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Earnings
Carter's sees FY17 adjusted EPS growth 8%-10%, consensus $5.52 »

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  • 23

    Feb

CRI

Carter's

$83.58

-0.4 (-0.48%)

06:18
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Earnings
Carter's sees Q1 adjusted EPS 80c-85c, consensus $1.14 »

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  • 23

    Feb

NVCR

Novocure

$7.15

-0.15 (-2.05%)

06:17
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Hot Stocks
Novocure Chief Commercial Officer Peter Melnyk departing »

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  • 23

    Feb

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CS

Credit Suisse

$15.35

-0.13 (-0.84%)

06:17
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06:17
Periodicals
Credit Suisse allocates $600M to expand Saudi Arabia business, Bloomberg says »

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  • 06

    Mar

OUT

OUTFRONT Media

$26.89

-0.44 (-1.61%)

06:16
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02/23
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06:16
Downgrade
OUTFRONT Media rating change  »

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  • 27

    Feb

CRI

Carter's

$83.58

-0.4 (-0.48%)

06:16
02/23/17
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Hot Stocks
Breaking Hot Stocks news story on Carter's »

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  • 23

    Feb

EFOI

Energy Focus

$3.71

-0.21 (-5.36%)

06:16
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Energy Focus sees Q1 restructuring charges of $1.1M »

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  • 23

    Feb

CRI

Carter's

$83.58

-0.4 (-0.48%)

06:16
02/23/17
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Earnings
Carter's reports Q4 adjusted EPS $1.79, consensus $1.67 »

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  • 23

    Feb

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