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GM

General Motors

$31.51

-0.17 (-0.54%)

, HTZ

Hertz

$33.79

-1.16 (-3.32%)

05:58
10/14/16
10/14
05:58
10/14/16
05:58

GM expands car-sharing service Maven to San Francisco, Venture Beat reports

General Motors' (GM) Maven car-sharing service has expanded into San Francisco, its ninth market since launching in January, Venture Beat reports. Maven's markets now include Boston, Chicago, Los Angeles, New York and Washington, D.C., among other cities. In addition to Zipcar and Getaround, Maven competes with car rental services including Hertz (HTZ), Avis (CAR), Budget and Enterprise. Reference Link

GM

General Motors

$31.51

-0.17 (-0.54%)

HTZ

Hertz

$33.79

-1.16 (-3.32%)

CAR

Avis Budget

$31.56

-0.71 (-2.20%)

  • 25

    Oct

GM General Motors
$31.51

-0.17 (-0.54%)

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.
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.
09/19/16
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.
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.
HTZ Hertz
$33.79

-1.16 (-3.32%)

06/30/16
DBAB
06/30/16
NO CHANGE
Target $16
DBAB
Buy
Hertz partnerships with ride sharing services a positive, says Deutsche Bank
Deutsche Bank analyst Chris Woronka said he views Hertz's newly announced partnership agreements with ride sharing services Uber and Lyft as an "incremental positive" for Hertz, pointing to several apparent benefits, including improved fleet utilization, the potential extension for the in-service life of some vehicles and the enhancement of overall fleet management flexibility. The firm has a Buy rating and $16 price target on Hertz.
09/27/16
09/27/16
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. Hertz (HTZ) initiated reinstated an Equal Weight at Barclays. 2. Valvoline (VVV) initiated with a Buy at Monness Cresp. 3. Brunswick (BC) initiated with an Outperform at Imperial Capital. 4. Synergy Resources (SYRG) initiated with an Outperform at RBC Capital. 5. Dexcom (DXCM) initiated with a Neutral at B. Riley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/27/16
LEHM
09/27/16
INITIATION
Target $52
LEHM
Equal Weight
Hertz initiated reinstated an Equal Weight at Barclays
Barclays analyst Brian Johnson reinstated Hertz Global Holdings with an Equal Weight rating and $52 price target.
08/25/16
MACQ
08/25/16
INITIATION
Target $56
MACQ
Neutral
Hertz initiated with a Neutral at Macquarie
Macquarie analyst Hamzah Mazari initiated Hertz with a Neutral and $56 price target.
CAR Avis Budget
$31.56

-0.71 (-2.20%)

08/25/16
MACQ
08/25/16
INITIATION
Target $44
MACQ
Outperform
Avis Budget initiated with an Outperform at Macquarie
Macquarie analyst Hamzah Mazari initiated Avis Budget with an Outperform and $44 price target.
08/15/16
NRCS
08/15/16
NO CHANGE
Target $45
NRCS
Buy
Avis Budget's price target raised to $45 from $37 at Northcoast
Northcoast analyst John Healy raised Avis Budget's price target to $45 due to steadying industry fundamentals, improving industry pricing dynamics, and management's implementation of a robust cash flow and capital allocation strategy.. Healy's checks indicate industry pricing through the midpoint of August has remained in growth mode for 3Q16. The analyst has a Buy rating on Avis shares.
08/04/16
MKMP
08/04/16
NO CHANGE
MKMP
Avis Budget pricing was better than expected, says MKM Partners
MKM Partners analyst Christopher Agnew says that Avis' pricing comps turned positive sooner than expected, and he believes that this trend continued into Q3. The analyst thinks that the bears on the stock overstate the company's risks, and he keeps a $47 price target and Buy rating on the shares.
09/27/16
MKMP
09/27/16
NO CHANGE
MKMP
Avis Budget weakness a buying opportunity, says MKM Partners
MKM Partners recommends buying Avis Budget Group on weakness following the company's presentation at the Deutsche Bank conference and comments regarding demand weakness in Europe. The firm's analyst said pricing in North America far outweighs the impact elsewhere and maintains its Buy rating.

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Consumer Staples Sector SPDR

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IWM

iShares Trust Russell 2000 Index Fund

$140.95

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DIA

Diamonds Fund ETF

$209.56

0.09 (0.04%)

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ALLE

Allegion

$80.62

0.9 (1.13%)

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SPY

SPDR S&P 500 ETF Trust

$238.60

0.2 (0.08%)

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UMC

UMC

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Periodicals
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XLF

Financial Select Sector

$23.76

-0.11 (-0.46%)

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SMH

Market Vectors Semiconductor

$81.01

1.07 (1.34%)

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QQQ

PowerShares QQQ Trust

$135.75

0.81 (0.60%)

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$COMP

Nasdaq Composite

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NDX

Nasdaq 100 Index

$5,571.28

30.19686 (0.54%)

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PH

Parker-Hannifin

$161.98

-2.56 (-1.56%)

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DB

Deutsche Bank

$18.15

-0.69 (-3.66%)

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Citi

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WDC

Western Digital

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AMZN

Amazon.com

$918.38

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LH

LabCorp

$139.68

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ATTO

Atento

$8.85

-0.1 (-1.12%)

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