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FCAU

Fiat Chrysler

$6.57

0.1 (1.55%)

, CMI

Cummins

$128.17

-0.27 (-0.21%)

19:33
10/10/16
10/10
19:33
10/10/16
19:33

Fiat Chrysler, Cummins fight over bearing costs of diesel recall, Reuters says

Fiat Chrysler (FCAU) and engine manufacturer Cummins (CMI) are sparring over te estimated $200M cost for a recall of 130,000 Ram pickup trucks fitted with Cummins diesel engines that could exceed U.S. pollution regulations, Reuters reports. The EPA and California Air Resources Board have ordered a recall of model year 2013-2015 Ram 2500 pickup trucks equipeed with 6.7L Cummines diesel engines since moisture can lead to the deactivation of the selective catalyst reduction system, the report says. John Berg, a lawyer for the car maker, said at a court hearing in Detroit that the auto maker is willing to cooperate in the recall but is "not willing to bear the cost of it," the report says. Berg added that FCA has sued Cummins to recover the $60M it has already spent repairing 42,000 trucks, the report notes. Reference Link

FCAU

Fiat Chrysler

$6.57

0.1 (1.55%)

CMI

Cummins

$128.17

-0.27 (-0.21%)

  • 25

    Oct

FCAU Fiat Chrysler
$6.57

0.1 (1.55%)

07/06/16
LEHM
07/06/16
DOWNGRADE
LEHM
Underweight
Fiat Chrysler downgraded to Underweight from Overweight at Barclays
Barclays analyst Kristina Church double downgraded Fiat Chrysler to Underweight from Overweight and cut her price target for the shares to EUR 5.5 from EUR 10. The company's "highly levered" balance sheet makes it "too risky to own," Church tells investors in a research note.
07/06/16
07/06/16
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. Netflix (NFLX) downgraded to Underperform from Hold at Jefferies with analyst John Janedis saying Netflix's domestic subscriber growth trajectory "may be somewhat flatter" than the market's current expectations. 2. American Airlines (AAL) downgraded to Underperform from Outperform at Credit Suisse with analyst Jule Yates downgrading the airline two notches citing high leverage, weaker free cash flow, and a lofty valuation. 3. AB InBev (BUD) downgraded to Underperform from Sector Perform at RBC Capital with analyst James Edwardes Jones saying he expects normal synergies from the SABMiller (SBMRY) deal but said it will not materially alter AB InBev's volume concentration and lacks additional upside. 4. Fiat Chrysler (FCAU) downgraded to Underweight from Overweight at Barclays with analyst Kristina Church downgrading the stock two notches saying, the company's "highly levered" balance sheet makes it "too risky to own." 5. United Continental (UAL) downgraded to Neutral from Outperform at Credit Suisse with analyst Jule Yates citing challenging revenue growth heading into Q3. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/09/16
JEFF
08/09/16
INITIATION
Target $8.25
JEFF
Buy
Fiat Chrysler initiated with a Buy at Jefferies
Jefferies analyst Philippe Houchois started Fiat Chrysler with a Buy rating and $8.25 price target.
08/09/16
08/09/16
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 an Underperform, General Motors (GM) initiated with a Hold, and Fiat Chrysler (FCAU) initiated with a Buy at Jefferies. Ford and General Motors were also initiated with a Buy at Seaport Global. 2. AMC Networks (AMCX) initiated with a Hold at Loop Capital. 3. Lionsgate (LGF) initiated with a Buy at Loop Capital. 4. Barrick Gold (ABX) initiated with an Equal Weight at Morgan Stanley. 5. AdvancePierre Foods (APFH) initiated with a Neutral at Goldman, an Outperform at BMO Capital, a Buy at Deutsche Bank, and an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
CMI Cummins
$128.17

-0.27 (-0.21%)

09/06/16
DBAB
09/06/16
INITIATION
Target $111
DBAB
Sell
Cummins initiated with a Sell at Deutsche Bank
Target $111.
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.
09/07/16
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.
09/30/16
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.

TODAY'S FREE FLY STORIES

INVH

Invitation Homes

$21.56

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0.14 (0.27%)

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XLV

Health Care Select Sector SPDR

$80.33

-0.26 (-0.32%)

, XLK

Technology Select Sector SPDR

$56.28

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XLV

Health Care Select Sector SPDR

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XLK

Technology Select Sector SPDR

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0.33 (0.59%)

XLF

Financial Select Sector

$23.91

-0.07 (-0.29%)

XLE

Energy Select Sector SPDR

$64.16

0.21 (0.33%)

SPY

SPDR S&P 500 ETF Trust

$243.10

0.26 (0.11%)

SPX

S&P 500

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TSN

Tyson Foods

$62.64

0.918 (1.49%)

14:57
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Periodicals
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PAA

Plains All American

$24.53

0.6301 (2.64%)

14:50
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Bullish long-term option play opened in Plains All American Pipeline »

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  • 08

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LION

Fidelity Southern

$22.59

0.01 (0.04%)

14:46
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Fidelity Southern announces appointment of Charles Christy as CFO »

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  • 18

    Sep

14:40
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Fedspeak will resume with Chair Yellen »

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14:30
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Alerian MLP attracts call buyers as shares attempt to rebound »

Alerian MLP attracts call…

LITE

Lumentum

$62.45

-0.05 (-0.08%)

14:25
06/23/17
06/23
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14:25
Options
Lumentum call volume above normal and directionally bullish »

Bullish option flow…

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  • 26

    Jun

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  • 13

    Jul

14:20
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Action Economics Survey results »

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NTDOY

Nintendo

$42.05

0.435 (1.05%)

, SNE

Sony

$38.52

0.11 (0.29%)

14:17
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06/23
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14:17
Periodicals
Nintendo market cap surpasses Sony's in Japan, Nikkei reports »

Nintendo's (NTDOY)…

NTDOY

Nintendo

$42.05

0.435 (1.05%)

SNE

Sony

$38.52

0.11 (0.29%)

03/08/13
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$NSD

NASDAQ Market Internals

14:17
06/23/17
06/23
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

14:16
06/23/17
06/23
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

14:15
06/23/17
06/23
14:15
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Conference/Events
Portola Pharmaceuticals hold a conference call »

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  • 23

    Jun

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SAFM

Sanderson Farms

$123.21

-2.89 (-2.29%)

14:08
06/23/17
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Sanderson Farms to 'vigorously defend' California chicken lawsuit »

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RH

RH

$60.50

3.847 (6.79%)

14:05
06/23/17
06/23
14:05
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14:05
Options
Restoration Hardware call volume above normal and directionally bullish »

Bullish option flow…

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14:00
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BLCM

Bellicum Pharmaceuticals

$13.98

1.33 (10.51%)

13:51
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13:51
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Bellicum Pharmaceuticals analyst commentary  »

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  • 23

    Jun

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    Sep

MDRX

Allscripts

$12.71

0.52 (4.27%)

13:50
06/23/17
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13:50
Options
Second day of bullish option flow in Allscripts »

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NTNX

Nutanix

$18.50

0.16 (0.87%)

13:45
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Options
Nutanix call volume above normal and directionally bullish »

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13:40
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General news
And now Fed's Mester warns that a failure to hike »

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PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

13:36
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13:36
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Breaking Hot Stocks news story on Portola Pharmaceuticals »

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  • 23

    Jun

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    Jun

PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

13:35
06/23/17
06/23
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13:35
Hot Stocks
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  • 23

    Jun

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    Jun

GE

General Electric

$27.59

0.035 (0.13%)

13:30
06/23/17
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Options
19.1K GE Jul - Aug 29 call spreads sold at 12c »

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  • 02

    Oct

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